diff --git "a/reddit_finance_43_250k_315.txt" "b/reddit_finance_43_250k_315.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_315.txt" @@ -0,0 +1,10000 @@ +**Option Samurai:** [**https://optionsamurai.com/**](https://optionsamurai.com/) + +* The de-facto tool for options scanning. + +**Validea:** [**https://www.validea.com/**](https://www.validea.com/) + +* Factor-based models based on strategies from legendary investors. + + + + +Hello Reddit. + +As of yesterday (04/09/16), my parents kicked me out of my home, all i have in my possession is my rucksack, which contains my work clothes, including shoes, a couple t-shirts, and a Bose Soundlink Mini which, due to my current situation im considering selling. + +Returning home is not an option. + +As my financial situation currently stands, i have £175.00 in my instant account and £290 in savings. My payday is the 25th, i realise now i should not have spent so frivolously this month, but i was not aware this was going to happen. + +I've been looking for rooms to rent around the area, and the cheapest i can find is £400p/m. Last night i stayed at a friends house but, it doesn't seem likely that i can stay there for more than a couple days. + +I've spoken to housing shelters and 'open door' shelters, but they require a meeting prior to arranging anything during my working hours (from 12 - 3pm) and i work 9-5:30 in a neighbouring town. + +I need advice, what do i do, should i tell my Boss? A coworker of my has reddit and knows of this account, so i guess that cat may be out the bag in that retrospect. + +Do you have any recommendations? + +EDIT: First off, thank you all for your kind advice, I've been in contact with my council, and they've informed me that due to me being over 18 and having employment, i'm not their 'priority' so they've told me to look for a room to rent, tell the landlord that i'm eligible for housing benefits of up to (i think she said £75p/w), and go from there. I still haven't spoken to my boss, but i finish in a couple hours, and plan on telling him today so i can get time off tomorrow. + +EDIT2: I work in Watford. + +EDIT3: I've called Open Door in my hometown, i have to go speak to them tomorrow at 2pm, for a referral, from then i'll be placed on a waiting list. + +EDIT3: i just spoke to my boss, he didn't seem best pleased to be honest but he gave me tomorrow off so that I can try and set myself up. + +EDIT4: Wow so i wasn't expecting this to blow up so much, thank you to everyone a million times over, all of your advice has helped a great deal. Im meeting with Watford YMCA today, the Open Door and i'm going to go speak with the council. +A longtime fan of FATFIRE + +These groups have been very valuable to educate/challenge me and expand my thoughts/views. Thank you. + +Using a throwaway account ( to fully share my plans). I would love to get both advice/challenges/question on my plan/thinking. I am looking to pull the trigger in the next 1 to 3 years. (to Retire) + +First, some background + +Family: I am in my late 40’s and with a wife (non-working, same age) with 3 kids ( ranging from 11\~17 years) + +* Net Asset: $5.7M. I have $700K in tax-protected 401k/Roth with $2M in equity index (taxable account) and $4.5M house with $1.5M mortgage Balance in a VH-COL. No other debt (except mortgage that is). The mortgage is super low @2.5% with rate reset in \~7 years, when I plan to sell the house. Another $300K in 529 Plan ( not included in the net asset calculation) +* Current Spending: My annual spend is $170K with $45K payment toward paying down the principle in the house included. +* Salary/saving: All my income is coming from my job and I am putting in $200K/year in savings now. + +1. Short-term plan +I plan to stay in this house ‘till all of my kids finish high school. Which will be 7 years from now ( or 3\~5 years of exposure post-retirement). I expect my spending to go up to $190K/year due to an increase in medical insurance ($20K for ACA Bronze plan). During this time, I will have crazy exposure in the real estate market and I will shift to 50:50 Bond/Equity mix. My spending will be mostly funded by div+ selling of bond/equity to a target allocation ( more below) + +2. Midterm plan (budget, tax, insurance, location, travel) +* Sell the house and move to a MCOL city like San Diego, Portland, Austin with $1M condo/townhouse or $5K/month rent. +* My CORE annual spending will go down to $115K/year (assuming rent) with $2K/year budgeted for ACA-subsided medical insurance with ZERO federal income tax. I expect my taxable income to be <$50K during the period. (with $12K annual budget for travel) +* It is possible that we will be nomads in the first 3 years of this period ( early/mid 50s) living 2\~4 months at a time in cities around the word (think Vienna, Saville, Bangkok, Lyon, Philadelphia) with a mix of hotel/AirBnB with a global medical insurance coverage. This will be incremental $80K/year on top of my $70K/budget for a total cost of $240K ($80K x 3yr) + +1. Long term Plan(budget, tax, insurance, location) +Same as mid-year plan except for travel. I also plan (or Hope) to do some light consulting/advisory work/adj professor for intellectual stimulation ( not for cash flow). Open to other possibilities including getting a degree in art/history/lang at a local college. + +**Long term Asset allocation:** I plan to be 70:30 / equity: fixed income +Equity: where equity will be 75:25 US equity index: world-ex US equity index. I know some people recommend 50:50 mix ( to account for a true cap-weighted) and I know some people stay with 100% US equity. I guess, since most of my cost bases will be in the US, I am taking a middle road. +**Fixed income:** This is where I have a lot of questions. I have considered a bond tent but due to what is expected to be a potentially a long term retirement (i.e. 50+ years), I am considering a simple immediate annuity. While annuity in general has a bad reputation, when purchased online with SPIA, they seem to have found support in academic circles. I am also planning a non-COLA projected SPIA, since I will have SS kick in at age 70. Would like to hear the communities view on this Annuity vs. Bond/Bond tent and the right allocation. Effectively, I am looking at $1M annuity ( which will provide \~$50K payment for life, which \~30% are subject to regular income tax) with a balance in a total bond index (\~$350K). +**College plan (Tuition, FASFA, CSS profile)** If all my kids go to a public university, my 529 will cover them fully. If they all end up going to a private school, I will have to spend extra $150K per kid (for a total of $450K). Due to my assets, I expect Zero need-based financial aid (and I am okay with that). I have looked FASFA/CSS in detail and feel fairly certain that my EFC (expected family contribution) will be well above any school cost. + +* Questions around how to budget/allocation big-ticket items + +How do you think about the risk I am taking in the first 3\~5 years of retirement with heavy exposure to a real estate? + +**TAX**: I am assuming very low Fed income tax due to (most of my income will be LTCG) and spending the equity first ( before I start spending 401k/SS after age 70) + +I need to budget $240K (mid-term nomad plan in 3c) and maybe $450K in private colleges. (for a total of $700K). How do I budget/allocate this spending? + +**Annuity quote**: What is the best cost-effective Annuity site/firm for SPIA? + +**The durability of my Plan**:My long term SWR is 2.3% ( $115K/$5M, assuming $5M is after taking out $700K from 6a) While my retirement could be long ( 50 years), I think a mix of low SWR with $1M in annuity with extra SS kicking in at age 70, it feels safe, where maybe I can reassess in my early 60’s and 70’sand increase SWR. + +**Issues around a long term FATFIRE**. I think I have put some thoughts on how to spend my time/money during the next 50 years, but never have done this. To quote Mike Tyson ( which is ironic in this FATFIRE context), “everyone has a plan until they get punched in the mouth”. Any other advice/consideration? +Hello guys, + +I"m a 31M and have started investing for the first time. I will be putting 40k this year and then 10-15k annually. After reading a lot, it seemed like VGRO was a safe and logical choice to leave my money for the next 30 years and not look at it much. That being said, I'm wondering if it's a bad thing to invest also in XEQT or VEQT to have a bit more equity exposure at my age ? Or is the difference so minimal that I shouldn't bother with this ? I was thinking of possibly 20k VGRO and 20k VEQT (or XEQT). I've only put 5k so far in VGRO and on the verge of adding a 10k. + +Thanks for your input ! +Noticed that Indigo jumped 20% after their quarterly showed online growth offsetting in-store losses. What are your thoughts on this one? Currently available at $1.20. + +Quarterly for reference: [https://static.indigoimages.ca/2020/corporate/indigo\_fy21-q1\_press-release.pdf](https://static.indigoimages.ca/2020/corporate/indigo_fy21-q1_press-release.pdf) +Hi everyone, + +I'm worried about the inflationary period we are currently in. I figured my savings account isn't a good place for my money because of the eroding purchasing power during such times. Should i keep an emergency fund in cash and dump the rest into a low-risk etf? If so, can anyone recommend one? I think this discussion would benefit others who are wondering the same. Thanks in advance! +Home bidding wars across the country, speculative stocks with no underlying fundamentals skyrocketing, BTC near all time highs, grocery prices through the roof... we need an interest rate hike ASAP. +I'm 30, in uni (won't graduate for another four years), would quite like to go into teaching. I'm concerned that because I will have begun my working life really quite late\* (I'll be 35!), even if I open a pension right away, I'll still be 15 years behind my peers in terms of pension contributions. + +So I guess my question is, am I already screwed or is there a way to make right the situation? How can I best plan for my future? Is there anything I can do now? + +I'm considering spending the first few years of my career abroad if I can. I'm told by friends that you can save quite a lot if you work at the right schools in the Middle East/Asia and don't spend lavishly. So that might help – although it might also make pensions and ISA issue more complicated, too. + +I have £4,000 in a S&S LISA that I've just opened, £30,000 in premium bonds and £15,000 sitting in the bank. I realise most of my money is not doing anything right now but I'm happy to keep things the way they are for the moment, and just feeding 4k into my LISA each year until I finish university. But... I still worry about the future. + + +\*Was ill +Moving out at 18 + +My family is poor physically and spiritually, toxic and emotionally draining. I live in Ottawa. I am leaving on Feb 1st with 3k saved up, a payed off car and a full time job secured. this is the budget I’ve come up with: + +Monthly Salary: 2,400$ +Monthly Expenses: + +- 650 rent all utilities included (renting a room) +- 350 car insurance, gas, parking +- 350 food/gorcery bill +- 200 braces +-125 gym membership +-50 phone bill +- $500 savings + +> Which leaves me with a little over $150 a month to spend on miscellaneous things. I’m also not afraid to dip into my $500 savings in case of emergencies. + + +My budget seems veryy tight and what I’m MOST afraid of is having to move back in with family because I can’t “make” it on my own at 18 in the “real” world. If I leave that’s it. I can’t come back they will disown me and hate me for not supporting them. Has anyone moved out on a salary/budget close to mine and how did u stay afloat? What’s some advice you have for me? Should I go and thrive on my own or stay in a toxic household home to save a couple thousand each month? +Very early on in my life I was given the impression that money is basically the key to everything. Want to go for a movie? Got to pay for it. Want to go on a vacation? Got to pay for it. Want to buy a have a family, children, a house? Got to pay a shitload for it. My father stems from a rather poor background and has worked his way up into top management positions where he earns a good amount of money. When I was young, I was told about the 3 pillars of resource: time, energy and money and that typically the distribution between the three of these is like [this]( https://images.squarespace-cdn.com/content/v1/56daf4c8d51cd4224e4154cb/1512223112189-3SEJUE00E67E1G0IGVLF/ke17ZwdGBToddI8pDm48kOzBS1jDzJRmQA5ayDq8yKVZw-zPPgdn4jUwVcJE1ZvWQUxwkmyExglNqGp0IvTJZUJFbgE-7XRK3dMEBRBhUpy_OAb7JUX4sJCa2e92dI3SvXmXhM-ok4srFAMCgGvPeX1Dni_gz0JFjTcE6aKcZ_0/url.jpg.jpg?format=500w) and the challenge is to crack this seamlessly endless cycle by having enough of the “enabler-resource” money early on in life. I’ve had this mindset, this goal, as long as I can remember. I traded stuff in school, flipped Yu-Gi-Oh cards, got in to drop shipping, etc. Always with the idea of earning more money in the back of my head. It seems every life decision I’ve made is focused on this topic, of course up to my career path (currently M22 studying engineering and management in Germany). Now with everything I’ve done I made a decent amount of money pre-Covid and was lucky enough to know a few people in order to capitalize on the Covid-situation by supplying PPE from china. Covid didn’t only help me make money but also gave me some time to sit back and think for a minute. It occurred to me that I never knew what I would do if I would actually break the resource-pillar-cycle and had some money at a young age. It’s not like I’m rich and I'm obviously still far away from financial independence but I’m comfortably sitting on about 250k€ cash. + +So, I guess my actual question is: what does it mean to live? What do people do with their time and energy? Along this process I’ve never really had any fun in what I was doing. I always thought the fun part would follow later on. To be honest I don’t even know what I like or what my interests are. It’s amazing to me when I talk to people that are genuinely passionate about something, no matter what that is. I don’t have that kind of passion or eagerness for anything really. I literally hate spending time with myself. When I’m not working on anything I don’t know what to do with myself and just watch stupid YouTube videos or something else to try and pass the time. + +I guess this is more of a stupid rant than anything else but maybe someone can help me out somehow. + +Thanks so much. +I’m finding it very difficult to find mentorship. My neighbor is actually a super successful investor, but he doesn’t have time to coach. What did you guys do? +I have seen multiple people on the sub recently implying or even saying directly that [sometimes you should take out a commercial loan when you can get a residential loan](https://www.reddit.com/r/realestateinvesting/comments/oeyzi2/why_to_take_out_a_residential_mortgage_vs_a/). + +You should **always** take out a residential loan if you can. + +Residential loans have significantly lower rates, especially on low cost properties. If you are carrying a balance of less than a half million it's going to have a really bad rate if you go with commercial. I have never seen a commercial loan with as low of a rate as a residential loan, although they tend to get much more competitive with large (2 million+) balances. + +Commercial loans have none of the consumer protections from the frank-dodd act. They all have terms that specifically abuse that. The standard commercial loan is a 30 year amortized mortgage (which is normal), but it becomes due after just 10 years. This means you are paying for the high interest period and never getting the benefit of the high principle period at the end of the loan. They all have a prepayment penalty (typically 5 years long) that means it never makes sense to refinance when rates drop, and it rarely makes sense to sell during the prepayment period. Finally, and perhaps most importantly the loan duration is only 10 years, so you can't lock in a good rate for a long period of time. + +Lastly you CAN have residential loans in LLCs, and you CAN have co-investors with a residential loan, and you CAN get a residential loan even if there is a non-residential portion. +TCEHY stock tumbled -6.8% today from before. WeChat , a social media platform is owned by ***Tencent ($67.65 -$4.92)*** a social media and text service for over 1 billon users a month can be banned. Its Wechat money is often used for fund transfer can be affected in North America. + +[Trump issued executive orders Thursday night banning “transactions” with the Chinese owners of the TikTok and WeChat apps starting Sept. 20.](https://www.marketwatch.com/story/trumps-order-against-wechat-owner-tencent-could-have-huge-implications-for-us-companies-2020-08-06?siteid=bnbh) +Short interest is still as high as ever in Gamestop. By now you should also know that Melvin are getting around $3 billions in help/investment to bail them out. The battle has just started and the fact that the shorters refuse to back down is actually good news. In simple terms it means that when the short squeeze starts it will be a massive one. Dont be fooled by the media narrative which is controlled by shorters such as Melvin, Citron & Co. The short squeeze has not even started yet. The whales are coming, the margin calls are coming, the shorts will soon liquidate and GME will fly into to the moon. Be patient and hold! 🚀🚀🚀 + +[https://www.bloomberg.com/news/articles/2021-01-25/gamestop-short-sellers-reload-bearish-bets-after-6-billion-loss](https://www.bloomberg.com/news/articles/2021-01-25/gamestop-short-sellers-reload-bearish-bets-after-6-billion-loss) + +[https://finance.yahoo.com/news/gamestop-short-sellers-reload-bearish-175645685.html](https://finance.yahoo.com/news/gamestop-short-sellers-reload-bearish-175645685.html) + +&#x200B; +First off, thanks for your abiding and constant support of both Bitcoin and reddit. I've been a long-time lurker of /r/bitcoin myself and have always viewed it with great interest, both from a macroeconomic cryptocurrency standpoint (my first job out of college was in online payments), as well as from a technical perspective. It's a really great piece of technical work, actually. + +As you can see, [we've recently launched support for using BTC to buy reddit Gold](http://www.reddit.com/r/blog/comments/18j91l/new_gold_payment_options_bitcoin_and_credit_card/). You can see in the comments on that blog post that a lot of people still don't understand bitcoin, so this is a great opportunity for the Bitcoin community to educate reddit and the world about what Bitcoin is and how it's beneficial. + +Next, I do want to set some expectations: despite its considerable potential, Bitcoin is still very new, experimental, and no one really knows what will happen with it and what people will do with it. It is this way with all new technologies. This means that there is the possibility that unexpected or bad things happen, and we may have to modify or suspend our implementation of Bitcoin support if that happens. We think that adding Bitcoin support is very worthwhile, but having worked in the online payments industry for awhile for a player (PayPal) which in its early years hoped greatly to reform and revolutionize the global money system, I know that things can be complicated and not always turn out the way you intend them. I hope things go well, and so I ask the Bitcoin supporters here to help us make that happen. I believe that adding Bitcoin support to reddit will help it gain a fair bit of press, and spark more widespread discussion and understanding about it. + +Finally, don't think I've forgotten about the pledges all y'all were so quick to make [here](http://www.reddit.com/r/Bitcoin/comments/12vg6t/the_admins_are_considering_bitcoin_as_a_new/). I'll be checking to see who really buys reddit gold! ;-) +As the allegedly largest crypto channel on YouTube, it’s no doubt he has the audience necessary to move markets, at least with small cap coins. Yesterday, he dropped a video titled “Top 5 coins CRUSHING the market NOW (MASSIVE Crypto GAINS)”. Ok, ignoring the incredibly sensationalist and clickbait title, the video showcased his top 5 altcoin picks for short term gains. His top pick was Frontier, a relatively small <$100m market cap coin. He didn’t even give any reasons why this was his top pick, all he did was tease a video he was going to drop the next day. Immediately, Frontier doubled in price. Is this legal? I’m not at liberty to say. I don’t believe there are any regulations requiring he disclose his positions, like there are in US equity markets for example. Is it ethical? I don’t believe so. Even if he’s not required to disclose his positions, I absolutely think from an ethical perspective that he should. If he owns Frontier, he has a financial interest in its movement, and I believe that is a material conflict of interest. +Just moved into a new house and had a new boiler fitted, and looking to get a smart thermostat. Which one is the best to use and how much am I likely to save? +Hi all, first time poster. I (30m) have a bank loan with approx £7k left to pay over the next 3 years, but I have recently received some cash (£9k) that would allow me to clear this loan and pay off my £1k credit card bill, with £1k left over. I intend to clear the credit card bill, but not sure what to do about the loan. + +My question is: would it be better to clear the £7k loan now to avoid the 2.9% interest charges, which would mean I'd only have £1k left in cash for emergencies/cushion/whatever... Or should I stick with paying off the loan in monthly instalments using my salary (approx £210 a month), but have a healthier pot for those emergencies/cushion/etc. + +Thoughts please! Thank you! +This was discussed on [Personal Finance](https://www.reddit.com/r/personalfinance/duplicates/7d5y55/1_out_of_every_20_americans_is_now_a_millionaire/) and I thought the same idea was interesting here since this is close the number that some or many people might be happy to retire on: + +"There are many more millionaires out there than people think. +It always reminds me of what is talked about in The Millionaire Next Door about how most people who are millionaires are everyday people and how you wouldn't know they have saved up their money over time because they don't spend on luxury goods and have a flashy lifestyle." + +http://time.com/money/5023038/millionaire-population-united-states-world/ +My company is going through restructuring. I made it through the first round of layoffs a month ago but I was notified on Monday that this will be my last week. I know others are being let go as well so I’m not alone. My company just got rid of 3000 salaried people a month ago and more this week so I’m going to be competing with a lot of people in the area. + +Applying for a job has been my full time job all week. I was also proactive, since I knew this was a possibility from the layoffs a month ago, and had already updated my resume (looks awesome) and have already been applying to jobs. So far I’ve applied to almost 300 jobs in the last month with roughly 90% of those being since Monday. I know it’s a numbers game. From my experience, many postings are old and dead or only made public for EEOC compliance but they already have someone earmarked for the role. Most are flooded and only a few candidates even get looked at before they pick one. Either way, I will continue applying for jobs all day every day until I get a new one. + +But what else should I be focusing on? I have a wife and kids who are all healthy and will be fine without healthcare for a while (hopefully). And I’ve been reaching out to every friend and past coworker with my resume. Some have put in a great word for me but I haven’t had any call backs. I will also file for unemployment on Monday. I feel like there’s not much else to do but I’m also wondering if I’m missing anything. What do you think? What would you do? + +I have my bills covered until December. Then it’s going to get dicey but I’m not worried about it. I’m hoping to have a job by then. + +**Edit:** I’m in Detroit and I work in high level supply chain/logistics. I have a lot of experience in program management, global collaboration, cost savings, data analysis, etc. Related to shipping and automotive. + +**Edit 2:** my wife works but makes half of what I do. We still have money coming in but only enough to pay 50% of our expenses. We’re covered until December, possibly January after I cash out unused vacation. I’ll be working fast food or retail by then if I don’t have a replacement job in my field + +**Edit 3:** This exploded past my wildest expectations and I can no longer keep up on the replies. You're comments will absolutely be read and I absolutely appreciate your advice and support. I just can't promise I'll reply to each one +I’m currently 16, And I went on Dave Ramsey‘s website to look around, found his investment calculator and entered things I thought were pretty accurate. I came up with 20 million dollars at retirement, here’s how: +1. I entered my starting age as 23 as with the job I hope to have, that is when I would start (police officer) +2. Age I plan to retire. Site says 67 with full benefits so I went with it +3. Starting investment, Optimistically thinking I’ll have around 50,000 in savings by the time I’m 21, I have around 30,000 right now, with some legal stuff I don’t know the specifics of, I can’t access this money until 21, but again I’ll hopefully have a secure job at 23 so that’s when we’re starting. I’ll use some of it for college and other things so I put the starting amount at $10,000, and I could possibly do more than that +4. How much will I contribute monthly. First off, I’m a saver, so even with a normal salary I would say I’m conservative enough to make room for $1000 a month in investments for the next 40 years of my life +5. Annual return %, s&p says 12%, so I put 12% + +Finally we end up with a 20 million dollar investment in 44 years. This number sounds astronomical to me, and its possibly just me, but is this a realistic expectation if I follow these steps? Just was curious thanks :) +I've taught college-level investments classes, and I think a lot of you people would benefit from some of what we talk about in there. + +It's important for you to understand what exactly risk is, in the finance sense. Watch this [video](https://www.youtube.com/watch?v=O13cjtMSiq4) and think about how you would react in this scenario. The expected value (average value of all possible outcomes) of the case is $500,000.50. I have a feeling that if you sold that case on the market you'd find a market price below that; the difference between the expected value and the market price (assuming a fully liquid market) is the *risk premium* + +A central concept of finance and investments is this: the more risk you take, the more return you get. The safest thing you can do is convert your holdings to cash and stick it in your wallet, but you would get zero return (and lose purchasing power due to inflation over time). Technically, sticking money in a savings account is riskier, though interest rates on savings deposits is essentially zero these days and deposit insurance removes most of that risk. Any market play that gets you massive returns is putting a bunch of capital at risk (think about that WSB guy who put $700,000 into GME options; imagine what happens to the guy if the price doesn’t move). The reason the most common investment advice is to fire everything into low-cost index funds is because it’s low risk and low cost (active management of mutual funds rarely justifies the extra cost, but that’s a different discussion entirely). If you’re undertaking extra risk, you theoretically should be getting extra return to justify that risk. Think about a lottery ticket. If the jackpot is high enough, the expected value (the averaged return you get from all possible outcomes) of a lottery ticket is higher than the price you pay for it. However, given the limited set of outcomes that a lottery ticket gives you and the likelihood of the worst case scenario (you lose your entire investment), the risk is too high for most people to seriously invest in (and if you do “seriously” invest in the Powerball, you’re probably not having a good time). + + +Another important consideration is liquidity. If you're selling a Stradivarius violin, you're going to have to spend a lot of time searching for a buyer who will pay full price OR you’ll have to sell it for less than it’s worth. In the market, this tends to be reflected in the bid/ask spread. We like to think about the market as a monolith, but in reality it’s just an aggregation of all the investors out there. That means liquidity isn’t a problem when it comes to most stocks on the NYSE and NASDAQ (eg. At the time of this writing the bid/ask spread on AAPL was $.01 for a price of $136.79), but when you head to OTC territory you might start seeing bid/ask spreads that can be up to 10% of the price for some of those real “no man’s land” stocks. That means that the price you pay (the ask price) and the price you can sell at (the bid price) can be wildly different. That also means that any “at current market price” order you send (especially in pre-market) may be filled at a price different than the price you think it’s going to be filled at. + + +A third concept to think about is market efficiency. The central idea of market efficiency is that the price reflects all available information (different forms of efficiency consider private/public/historical info). A truly efficient market will react instantaneously and accurately to any new information that is created/released, eg. A firm releases earnings and beats expectations, therefore the price jumps up. + + +If market efficiency is a product of investors discovering information and acting on it, that means your best opportunities are in places that are less visible to the aggregate investing public. That’s where r/pennystocks comes in. Do a search on most of the tickers listed here, and you’ll see a bunch of summary stock profiles and not much else. Do a search for any S&P 500 company and you’ll find an incredible amount of news, branding, and other information. If you’re looking for “good” penny stocks to buy up, you’re looking for an information advantage over the “average” investor. However, there is the hazard (that’s been around long before the internet) of bad or fake information. + + +Remember that the market is an aggregate of all the investors out there, and those investors are subject to psychological biases, differences in personal attitude, and individual risk tolerance. That’s why you see some interesting reactions to events: remember when TSLA stock dropped because Elon Musk was smoking marijuana? There’s nothing about the CEO smoking marijuana that should change the fundamental value of the company, but investors collectively seemed to think this was a negative for the long term prospects of TSLA. + + +A few common investor biases: + + +• Losses are treated as more impactful than a gain. Think about if you buy into a stock and it immediately drops $.10. Compare this to how you react if you buy in and it immediately jumps $.10; the average investor is going to react more strongly to the former. + + +• We all *hate* having made a “loser” trade. The effect is usually that investors hold on too long to a poorly performing stock in hopes that it will rebound. + + +• Investors tend to anchor their perception of a stock’s performance based on their entry price. A $.10 drop in price hits worse if it takes you below your purchase price + + +• Playing with “house money” (ie. your gains) is treated differently than your initial principal. In practice, this means that an investor that has done well recently is more risk-tolerant (and not always in a good way) + + +• Investors are susceptible to "herding" behavior, where they follow what someone else is doing not because they know what that someone else is doing is good, but because they think that someone else knows something they don't. + + +Stock prices are subject to the principles of supply and demand, ie. increased demand will raise the price, and people looking to sell more than buy will lower the price. This is especially important when it comes to momentum (the principle that an increasing stock price will continue to increase and a falling price will continue to fall). This is why you see overreactions to news items and a subsequent reversal; a news item creates a buying/selling frenzy that pushes the price until cooler heads walk in and say “maybe this price is wrong”. This is where swing traders try to profit: among other things, they look for stocks that have a drop that is unjustified in material info or in the degree of drop, buy up at “downward momentum” prices and sell after the reversal. Day traders also try to benefit by buying stocks with positive momentum and selling the second that momentum reverses. + + +So what does this mean for us at r/pennystocks? A few considerations that are unique for penny stocks: + +1) I already mentioned it, but liquidity is a big consideration: Bid/ask spreads may be larger than normal and many brokers either don’t let you trade below $.01 or make you pay a fee to do so. This also means that options covering penny stocks are either sparse or nonexistent. + + +2) Information coverage: information can be hard to find, and sifting through good and bad info can be a chore + + +3) Low market participation: The smaller number of traders means that it takes fewer people to influence the price in a material way. This is what makes penny stocks susceptible to pump and dump schemes: A bad actor just needs to convince a (relatively) small number to buy in to a stock to bump up the price, then the dump can crater the price leaving a bunch of bag holders in their wake. + +This also means that the price is subject to more psychological bias on the part of investors. + + +4) There are a **lot** of biotech firms in penny-stock land. The fortunes of these companies rest entirely on the outcomes of drug trials and/or acquisition by larger firms, which means you can see massive swings in price. + + +[This scene]( https://www.youtube.com/watch?v=nJzo5TDfamk) from The Wolf of Wall Street should be required viewing for anyone wanting to jump headfirst into penny stocks. The modernization of trading means that commissions are drastically reduced, but the lessons here still apply. +I’m not saying “don’t invest” because there are some mighty gains to be had if you do it right. I’m saying **“be cautious”** and certainly *don’t trade on emotion*. Understand that what we’re doing here is speculation, and that many stocks with penny prices are trading at penny prices for a reason. Increased volatility in the penny stocks market is going to make you feel a lot of things, but it’s important to compartmentalize this emotion and trade logically. The moment you start treating it, consciously or unconsciously, like a casino, you’ll get casino-like returns (spoiler alert, the house always wins in the end) + + +A few closing thoughts: + + +• Like another recently popular post here said, don’t be afraid to walk away for a few days to cool off. + + +• FOMO is the gains killer; there will always be a New Moon in terms of penny stocks. + + +• Pay attention to the sector you’re buying in and understand how that might influence the volatility of the stock’s price. Be especially wary of anyone trying to sell you on a “sure thing” biotech firm. + + +• MLFB to the moon! (Just kidding, don't rely on me to tell you what to buy) (EDIT: By Request 🚀🚀🚀) + + +And finally + + +• Do your own research! There are some legitimate DD threads on here, but you should do your own research and make sure they’re legit. Some threads here sound a lot like Jordan Belfort in the video above. + +Further reading: + + +[Wikipedia’s very long list of cognitive biases]( https://en.wikipedia.org/wiki/List_of_cognitive_biases) + + +[Efficient markets hypothesis]( https://en.wikipedia.org/wiki/Efficient-market_hypothesis) + + +[Behavioral finance]( https://en.wikipedia.org/wiki/Behavioral_economics#Behavioral_finance) +It seems we now get SEVERAL posts daily about how we shouldn't be miserly, we should ensure we're happy now instead of only in the future, etc. We get a ton of posts from people discovering that allowing themselves to spend a little money now keeps them sane, like it's this giant revelation. + +Those posts are inundated with a thousand echoes of "yeah, everyone here is so focused on retiring, but you could die before you spend it all!" + +We used to be able to point to the sticky and say "we know, it's stickies for a reason." I feel like since the sticky came down, we're inundated with this stuff now. Let's get it back up there. The AMAs are infrequent enough that they could easily go in the sidebar. +Netflix $NFLX plans to spend $6B on original content in 2017, with that number substantially increasing in the coming years. + +"As we grow the membership base, we want to grow the current budget," CEO Reed Hastings said at the Code Conference. "There are so many great shows we don't have yet." + +He also commented on what he sees as the greatest competition, citing Amazon as one of the biggest threats to his business. +Hello, so after looking through this sub I’ve been keeping up with the tips that others are given. My parents kicked me out suddenly Saturday for reasons unrelated so I’m homeless. At this moment I’m staying at a cousin’s house for as long as I can. I don’t have friends or friends that would let me stay over. + +I’m a college student so school ends in two weeks. Once school ends I’m hoping to go to a temp service and get a job to save up for a down payment for a low income apartment somewhere. I do have a car which I’m able to sleep in if I need to. + +Funny thing is this year I had over $2,000 that I was going to put into savings, but was convinced by my father to do other things with it. I know I can’t dwell on the past but it hurts to know that I relied on one thing and person. + +My college has a food bank so I’m thinking of hitting them up to see if I could benefit from food. + +If I have missed anything in my plan I would appreciate any advice. + + +and it's weird that I have to state this. But a few minutes ago one of these "3 posts and 50 comments a day exactly" moon farmers on here made a pseudo-wholesome post saying that nobody is too poor to buy crypto and "Crypto is for everyone regardless how poor or wealthy they are". And of course you guys are upvoting this. + +That's garbage. [A billion people have less than 1 USD a day](https://www.gapminder.org/answers/how-many-are-rich-and-how-many-are-poor/). Those that have a bit more than that are not exactly rich either. There are millions of homeless people around the world, many of which don't have access to the internet to buy crypto - and none of which have money to do so. There are so, so many people in the world who cannot afford to buy enough food, pay rent, or other important commodities, and many more who can barely do so but have nothing left in their bank account at the end of the month. **Those people are definitely too poor to buy crypto**. + +Sure, don't get me wrong, if you get by and only have a few bucks each month to gamble away, you're not too poor to buy crypto, you can just buy small amounts and it's fine. But saying "Nobody is “too poor” to invest", as one of the commenters did, is just arrogant - and blatantly wrong. + +**Edit: please stop telling me that this is also true for other investments. Of course it is. My point is that people like to pretend while this is true for other investments, the barrier is so low for crypto that it isn't true for crypto. I'm not saying crypto is more exclusive than other investments, I'm saying it isn't really more inclusive** +My dad has offered to apply to the council for planning permission to build a mini flat type building in the garden for me, just a bedroom, bathroom and living room. He's offered to pay for everything and said I can stay there as long as I like whilst I save up/build up my career. + + +Do you think this is a good idea? Are there any downsides? + + +Thank you! +Hi there, any good recommendations for REITS to hold in TFSA for next 20 years as a Canadian investor? + +I've been looking at [**HOM-U.TO**](https://HOM-U.TO)**.** + +Cheers! +Looking at some of the most popular REIT etfs like ZRE, over the last year they dropped in value during the covid sell off, and now are just reaching prices seen in Feb 2020. But during the same period real estate prices did not tank at all, and just skyrocketed. + +Why is this? +&#x200B; + +https://preview.redd.it/s7n6tfcno0e71.png?width=889&format=png&auto=webp&s=a9360c7e9b3b80f3e0210621384e7ff5a28cafbd + +Let me start this post off by saying that this is based on Technical Analysis only. + +The entire market is manipulated. TA itself is an amalgamation of mathematical intricacies based on the psychology of humans which is manipulated using algorithms trading at 1000ths of a second, but all trades are printed and are based on pure speculation which can be predicted and taken advantage of - which it is by bankers and PhDs working at hedge funds. + +*As always this is not financial advice and I will not be held accountable for your own financial decisions, the stock movements happen beyond my control and are not influenced by me in any way.* + +I will go over the basics first. + +&#x200B; + +[Daily Timeframe](https://preview.redd.it/r6xp6e6zq0e71.png?width=1683&format=png&auto=webp&s=137a81eb73f4a6403253ff7f87005045cc83a20b) + +I use a logarithmic scale as I believe it to be more accurate, but this is preference. + +As we can see, we are in a gradual incline, moving up slowly overtime, making this a profitable investment long-term if you're a fundamental trader. + +[Trendlines](https://www.investopedia.com/terms/t/trendline.asp) are used to spot reversals. Since an uptrend makes higher lows, a trendline can be drawn along those higher lows. When the price drops below the trendline, that could indicate a trend reversal. Since we haven't yet seen a trend reversal, the stock is bullish based on this one indication. I must say that basing your analysis of a stock on a single indicator is a bad idea and should be avoided. + +&#x200B; + +[Daily Timeframe](https://preview.redd.it/bij9fb6ur0e71.png?width=1676&format=png&auto=webp&s=5ce0c47e5b1689a6242058a99daa8ecafcef2e14) + +We are currently within a descending channel which was temporarily broken on July 14th and saw a re-entry on July 19th. This move also indicated a higher low adjacent to the low of May 11th. This can be seen as a bullish reversal inflection point; *In the context of stock trading, an inflection point is* ***a game-changer in terms of how a particular stock or the market in general is moving***\*.\* + +Moving onto indicators. + +&#x200B; + +[Stochastic RSI - Relative Strength Index - Daily Timeframe](https://preview.redd.it/05fwi9c7v0e71.png?width=1677&format=png&auto=webp&s=2402349e926e6ab858d266f2a4277738c3188616) + +Here we may be seeing more downwards pressure in the coming days, but this may also reverse as the sRSI did not complete its cycle into the overbought area. Meaning the downwards pressure may be temporary. Although, even if it isn't, any downwards pressure into the oversold area will be met with bullish divergence. *A bullish divergence occurs* ***when prices fall to a new low while an oscillator fails to reach a new low***\*. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.\* + +&#x200B; + +[MACD - Moving Average Convergence Divergence - Daily Timeframe](https://preview.redd.it/49wh7k1k01e71.png?width=1677&format=png&auto=webp&s=dedb549ff0d13f1b2bb064966ff72be2d9d28eb7) + +The stock recently had a bullish crossover of the MACD which can be a foreshadowing of bullish momentum. However, this has happened in the past. + +&#x200B; + +[MACD - April 27th - Daily Timeframe](https://preview.redd.it/jqrvs6ryv0e71.png?width=1673&format=png&auto=webp&s=0f3d373011ac85a2effc0cf2591069ef7662a80c) + +On April 27th, the MACD also had a bullish crossover, but this was met shortly afterwards with shorting which ultimately pushed it back into the red. We could be seeing this happening again, but it is not confirmed at the time of writing. It took the indicator 8 trading days to have a bullish crossover which caused the price to move up to $344. + +With these facts in mind, this indicator cannot be relied upon completely to assume future price predictions. We need more information to come to a conclusion. + +&#x200B; + +[RSI - Relative Strength Index - Daily Timeframe](https://preview.redd.it/7tyddpzuw0e71.png?width=1679&format=png&auto=webp&s=5d5009ca8e60f63b01eb45cfa03277ada89255f6) + +Now looking at the basic RSI, the last time the indicator was oversold (under 30) was February 26th 2020. Recently price almost entered oversold on July 14th 2021 before pushing back up. A concurrent theme here is that most indicators are showing an impending bullish divergence besides the **sRSI** which is showing temporary downwards pressure. + +&#x200B; + +[DMI - Directional Movement Index - DMA - Displaced Moving Average - Daily TimeFrame](https://preview.redd.it/8325kquvy0e71.png?width=1679&format=png&auto=webp&s=3e9c9820f4722228ee829169aedd83bae8a30092) + +On the DMI, the price first had a bullish signal on December 21st 2020, this would eventually lead to the massive price swing of January 2021. The signal was the DI+ crossing above the DI- and the ADX beginning to push upwards = ***BOOM***. + +The same can be seen on February 16th with the ADX pushing upwards and the DI+ crossing above the DI- on February 24th - ***BOOM***. + +Again, we see a similar signal on May 20th with the DI+ crossing above the DI- and the ADX pushing upwards on May 24th - ***BOOM.*** + +When looking at the DMA, it can also be used to predict big movements in the stock where each bullish crossover was met with ***massive*** price swings. There is no doubt that we are about to witness something historical as the DMA is at the lowest point this year and is beginning to push upwards. + +**The DMA is at -32 (minus 32) which has never EVER been seen before in the entire history of GameStop. This is literally a spring ready to be released and when it does we can be absolutely certain that we will see something never seen before - the MOASS.** + +I am never usually this certain and always leave myself the benefit of the doubt, but I am 100% certain that we are about to see something incredible. This shit is about to fucking fly and there is nothing I can say that can even explain how big this will be. + +https://preview.redd.it/k30a2rn821e71.jpg?width=980&format=pjpg&auto=webp&s=751c57c42e6cd8cf87128a176c9d9d29fa921b20 + +**Moon is literally so close now. I am very certain. You've had months of preparation. Now it is closing in on a huge turnaround. I know many of you are fundamental analysts and subscribe to the DD, but I base my absolute opinion and decision making using technical analysis. The only DD that means anything to me is the MOASS.** + +**You had your chance to load up and tell your families & friends. The bell is about to be rang and the match consists of Rocky vs PeeWee Herman.** + +**Do you have the strength for what is about to happen?** +I just found out that new hires are starting at my current salary despite being three years in. On top of that, I'm very highly regarded at my job with consistent praise and fantastic reviews. I'm beginning to feel that I'm often taken advantage of due to my laid back and positive attitude as the majority of my peers do not welcome change and challenge any increased workload. I haven't minded because I enjoy being a team player and I'm more than willing to be flexible to best serve the company. + +I'm being moved to another group in the company (for the second time this year) to perform the same role, but in a much more challenging environment. While I appreciate their faith in me as an employee, I feel as though I'm being taken advantage of. + +Am I justified in trying to negotiate a higher salary? What is the best way to go about it without diminishing my reputation? I really enjoy working for this company, but I fear this could burn me out in time. Especially when there is little-to-no growth potential in my role. + +Edit: Thank you everyone for your input. Lots of great responses here that give me some incentive to present my concerns with evidence of my value to the company. I think verbally they value me with high regard, but that only goes so far. Leaving would be an absolute last resort for me as I really do enjoy working for the company. +Hi guys, + +I'm a US citizen (Person of Indian Origin), who's been residing in India >5 years, looking to start investing (at the beginning of my career). I have a NRE and NRO account with a private bank (HDFC / Axis / ICICI). Curious to know the steps that would be needed to start investing in direct mutual funds / index funds. While I'm not fussed in making direct equity investments, it would be good to have this flexibility from the onset as my sophistication in investing / personal finance increases. Also some factors to be considered: + +1). Relative to a regular NRI application, I believe US NRIs are subject to more regulatory oversight due to FATCA regulations i.e. a NRO PIS account would be great for Mutual Fund investments but these aren't valid for US citizens (basis my imprecise understanding) + +2). Bunch of documentation around PIS, KYC etc seem daunting vs a regular resident account + +Thus would appreciate a brief guide on the steps needed to be able to start investing from folks that have been in my (admittedly niche) position. Thanks. +Please see the report dated Aug 4 in Business Standard + +* Chokshi and Chokshi were appointed by SEBI (in May) to audit the 6 wound up schemes +* The brief was to look for violations of rules +* The audit report has been submitted to SEBI on July 31 +* Supposedly, the report flags some non conformances in the scheme +* There is no news yet if these violations were material, or procedural + +This may further lengthen the resolution of the issue +Apologies if this query is getting repeated, idea is to get the latest and greatest resources which get posted at rapid pace to various audio and video platforms these days +So I was going through some financial YouTube videos and came across this new type of mutual funds, I know they have a upper hand on tax savings but is it really has the risk tolerance similar to liquid funds, as a good chunk of the fund usually allocated to equities ? +Also tell the rationale behind what went wrong for losses and what went right in case of profits. +If it is any stock or a mutual fund , do name it. + + +Idea is to learn about people's behavioural finance. I have seen people holding on to losses and booking gains as soon as a they see a green figure. +So, I recently opened an account with Axis bank. The branch manager and all others are really interested to see that I buy this policy: https://www.maxlifeinsurance.com/savings-and-income-plans/smart-wealth-plan.html + +The people are saying that it is a good plan because + +* of EEE status (exempt at all points) +* fixed maturity amount (guaranteed) +* additional advantage of a life cover + +My reasoning of not opting are: +* Don't mix insurance and investment +* Don't take bank's advice +* Not a liquid instrument +* Has penalty in case of pre-mature withdrawal or missing premium + +What I am curious to know is this: + +* What may be a suitable alternative to this instrument? FD has low rate of return as well and incurs taxation at the income tax slab of participant and locked for a specific time (albeit small). +* Haven't done any research on debt MF, +* PPF is somewhat similar to this plan as well. +* What else? + +I did a small XIRR calculation. Not sure if this is correct or not, would love feedback. + +https://docs.google.com/spreadsheets/d/e/2PACX-1vSm2ZlLiyrNb6kd7XE4jURDALvk3xGEsSJLck3WJ3vP2MsNb7NRUREagggOM7eq1sQM4u85VMK3_p7r/pubhtml?gid=0&single=true + +So, my questions are: + +* What is the opinion of hivemind on this plan? +* What is the recommended fixed income instrument of a portfolio and how are they better than this plan? + +Thanks, +As a crypto market, we should... +1) Stop using the term “correction” for every dip. By percentage decrease, we are in a full blown crypto recession at this point. Corrections happen instantaneously and quick (see commodity trading or forex trading). +2) Stop saying “the whales are driving the price down so they can buy at a discount”. No doubt there’s market manipulation but you can’t justify the use of the word “discount” when the true value of the product is still completely unknown. If Bitcoin or alts had a known and verified financial value, then we could say “discount” or “premium”, but the values are 100% arbitrary at this point. + +The truth is simple... a lot of noobies moved into crypto at the end of 2017 hoping to get rich quick. That didn’t happen and now they’re taking their money elsewhere. It’s officially a bear market. +We've created this toxic culture of believing in something up until it hits the littlest bump in the road and then we give up on it completely and move onto the next thing that's being hyped. + +That most of the time can kill a project that could otherwise have flourished, errors happen, mistakes happen, when you research a project well and it's backed up well, beautiful things happen. + +Who believed in blockchain at first? Now we have all of this and it's merely the beginning, DAO's are gonna be all the talk in 2022, New Order announced 30-40 new crypto projects for DeFi for instance, with support that could be game changing. + +I'm looking forward to seeing everything happening next year, hopefully it's gonna be great. +I’m currently a senior for financial economics, and an avid stocktrader. I am of the understanding that quantitative skills are becoming more and more necessary in order to succeed in the financial sector and privately. Where should I begin? +The machine learning literature discusses the use of neural networks to classify or to predict a continuous variable (regression) by minimizing squared errors. How do you tune a neural network if your target variables are the positions to hold in various assets and your goal is to maximize the portfolio Sharpe ratio? Just treat it as an optimization problem? There are optimization codes in C++ and Fortran that can be called from Python or R. + + +Hi, I have just seen this: + +Channel: Quantpy + +Title: Algorithmic Trading on YouTube is Fake | Trading Strategies that Actually Work - YouTube + +The video left me with some bad vibes because he claims that algo-trading is bogus. The basic thesis that the guy pushes forward is that "algorithmic trading", like any other trading, doesn't work. He claims that it is not even a legitimate business. For him, the only profitable strategies in the market are pricing, risk monitoring and execution (or HFT). Therefore, I was wondering if: + +\- A/ Can algotrading generate consistent returns (5-10 years time frame) and beat the index? + +\- B/ Is it possible to do algorithmic trading with a self-taught strategy, or do you need to be hardcore training in advanced mathematics? + +Let me know your thoughts. + +PS, sorry for the repost; I think the previous one got blocked because of the direct link to the video. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I started budgeting a week and a half ago, and the emergency fund already saved me from a bad time. While setting up a dishwasher, the sewer pipe (which, it turned out, was held together by duct tape) snapped off in my hand. The godawful stink of sewer gas hit me and I realized I was in over my head. For the first time in my life I called a plumber, and he got us squared away for $300. So even if your emergency fund is small, it can make a BIG difference! Thanks, /r/finance ! +Edit: Oops, thanks /r/personalfinance ! +# Stealth Global Holdings (SGI) + +https://preview.redd.it/9q5cvr4lp4s61.jpg?width=1600&format=pjpg&auto=webp&s=e8c0368f76ad40b278da00d455f534b97de2127c + +Yeah I know, it's not sexy like a junior mining company. It's a boring industrial supplies distribution company. But it they do supply gear to to the mining companies though... + +I talk to a lot of people in my line of work, and I remember an interesting conversation I had with someone in the sugar industry. Often times it isn't the farmer or even the sugar mill that make any money in a given season. That game is totally dependant on the weather and the commodity prices at the time. + +The guys who make money every year are the harvesters. They are the support industry who come in with the machinery and equipment, and for a big fee harvest the crop. It doesn't matter what the sugar price is, they get paid. + +So maybe boring is good? Boring means it is more likely to be a sleeper in my opinion. Also has a kind of a corny name, if I'm honest, which makes it even better. + +Anyway, in the same vein as my fast and dirty historical analysis, I'll start with a quick checklist: + +* Net profits positive all recorded years. Good ✅ +* Outstanding Shares unchanged since IPO. Good ✅ +* Growth in revenue, underlying profit, and equity. Good ✅ +* Insider ownership 55% with a number of purchases at 6-8c in last 2 years. Good ✅ +* Debt/Equity 42.7% & Current Ratio 1.3x. Good ✅ +* ROE of 5% FY19 and 3.1% FY20. Bad 🔴 +* No Dividend. Neutral ⚪ +* Current BPS 14c (P/B 0.7x) & NTA 5c (P/B 1.8x). Good ✅ +* Avg FY19+20: SPS 69c (P/S 0.13x), EPS 0.6c (P/E 15.5x). Good ✅ +* Current FY20: SPS 72c (P/S 0.12x), EPS 0.4c (P/E 23x). Neutral ⚪ +* Projected FY21/22: SPS 75c (P/S 0.12x), EPS 2c (P/E 4.6x). Good ✅ + +*Current Price 09/04/21 - 9.3cents* + +**Fair Value: 42cents** + +**Target Price: 9cents** + +***Projected Fair Value: 57cents\**** + +^(\*refer 'The Outlook' section) + +# The Business + +Stealth are primarily a distribution company for industrial supplies, safety equipment, and tradie workwear. They sell primarily to tradies, contractors, and mining companies in Australia, with some overseas exports to UK, Europe, and Africa. The SGI business is split between three major segments: + +1. Industrial Supplies Distribution (Heatleys, C&L, AWS) +2. Industrial Supplies buying group (ISG). +3. BSA Workwear (joint venture w/ Bisley). + +SGI was established in 2014 and listed on ASX in 2018. They used the proceeds of the IPO to acquire Heatleys Industrial and ISG buying group. Since then, they’ve had an aggressive strategy of further strategic acquisitions. + +Core Group of Companies: + +* **Heatleys Industrial** \- an Australian industrial supplies distributor that operates several branches in WA and one in SA. They’ve been in business for the last 30 years, supplying mainly to the mining market in WA. +* **Industrial Supply Group** – a buying group with about 30 independent members across Australia. They leverage the group to secure competitive costs from vendors and produce quarterly marketing materials for members. +* **Australian Workplace Supplies** – safety and tradesman workwear distributor based in Perth, WA. In business since 2008, appear to do a portion of their business through an online shop, shipping to customers nationally. +* **C&L Tool Centre** – acquired Nov 2020, they are a 50 year old Australian power tools and hardware distributor based in Brisbane. Supplying mainly to the tradesman and contractors in the construction market in Brisbane region. +* **BSA Workwear** – a joint venture launched in mid-2019 with Bisley workwear. It involves facilitating supply of Bisley products to markets in UK, Europe, and Africa. They established a group of independent distribution outlets in those regions. Stealth gets a 50% share of the proceeds. + +# The Competition + +As an example of the potential long term scalability of a business model like this, one need not look much further than Wesfarmers (WES). Wesfarmers owns Blackwoods along with other industrial and safety oriented supplies distribution businesses. Indeed, Blackwoods is one of the main competitors of the businesses in the SGI group. The segment performance for Wesfarmer’s Industrial and Safety division accounted for 1.7billion in revenue in FY20. The overall market size in this industry within Australia alone is likely in the 10s of billions. Furthermore, Blackwoods seems to be showing weakness, having given away market share for the last 5-10 years. + +# The Management + +As far as I can tell, SGI as largely kept the management of each business unit in place. Given the relatively long histories involved with each, that gives some confidence in the sustainability of the overall group. One point indirectly supporting this is that despite several acquisitions in a relatively short time frame, SGI have thus far not required any equity raises since listing in 2018. They’ve been able to fund their ventures on cash-flow and current debt facilities alone. As a result, their outstanding share count has remained largely the same since the initial offering (94.6 to 99.7mil shares currently). + +There is one point of question. Mike Arnold, founder and group director of SGI, previously was COO of ADG Global Supply Limited from 2010-2013. It was a publically listed company at the time (ADQ), which went into administration in 2015. From what I can tell, the mining crash led to some cash-flow issues stemming from a combination of thin margins, too much leverage, and bad debts from some key customers. Difficult to pin-point the material influence Arnold had in this, as he was not the chairman or director. Furthermore, he resigned as COO and then as non-executive director the year prior, but the company at that point looked to be already in a bad spot. + +If we were to draw some parallels between SGI and ADQ for signs of whether it could happen again, key points of difference would be that ADQ were dealing in expensive capital equipment and its revenue was much more concentrated among large companies with credit accounts. SGI’s group of businesses on the other hand have much more diffused retail footprint with individual tradies and small contractors as customers, and the nature of the product they distribute less capital intensive. Furthermore, SGI’s debt levels thus far appear to be within healthy ranges. + +# The Valuation + +As of FY20, SGI had revenues of 68 million. They’ve been able to post positive net profits for both years financial years since their IPO. Their revenue in particular is quite large when compared to their market cap of only 9 million. + +Their earnings per share are somewhat thin due to aggressive capital expenditure for acquisitions & growth ventures. Even so, earnings before abnormals in FY20 was 0.4, or a P/E of 23x. That isn't too bad. Especially when considering that SGI had underlying earnings before tax of 3cents per share and their cashflow was up almost 200% from the year prior. + +They have a book value of 14cents or 0.6x P/B, though a good portion of that is intangible. Minus the goodwill, they have about 5cents of net tangible assets per share currently. This works out to be about a 1.8x P/B, which is still pretty decent compared to market & sector averages of 2.1 and 2.0 respectively (figures which include intangibles). + +Overall, based on the FY20 figures, I’d estimate their fair value based on typical market multiples is around 42cents. A bit of this is weighted on the revenue, but even discounting that, it’s trading at a significant discount. At 9.3cents at close today, it's just on the cusp of what I would consider a target price range. + +The only thing I don't like is the return on equity, which is fairly low. However, with AUD exchange rate having lost a lot of ground between 2018 and 2020, margin pressure was common among distributors like these, whom rely a lot on imported products from other manufacturers and wholesalers. With AUD regaining a lot of ground going into 2021, this should hopefully restore a bit more profitability into the business, though it may take a while to be fully realised as stock is turned over. + +# The Potential + +I think there’s some indications that the share price is much more undervalued than what the FY20 figures would lead one to believe. The current half year report has a couple of top-line factors that cloud the overall potential too. + +First of all, the company had some significant dealings with an African customer (presumably a mining company) that have fallen off. However, it would seem that the revenue that customer was generating was not contributing to the overall profitability of the business. They’ve appeared to have tried to address that which has cut their most of those sales, and while it has had a significant impact on the revenue for the first half, it doesn’t seem to have impacted the net earnings. + +Secondly, they’ve been intensively putting free cash flow back into acquisitions and growth ventures. This has made their net earnings seem thin, but belies a much more significant underlying profit. For example, the BSA venture had a lot of forward costs associated with its setup. Since then, it has generated 1.6mil in revenue (1.1mil in 1H21 alone) without needing significant further cash inputs. + +Similarly and more recently, SGI acquired C&L Tool Centre. They invested 4 million in the acquisition, 1 million of which was pulled from free cash flow. However, going forward, C&L represents an additional 14mil in annual revenue, 1.3mil in annual EBITDA, and as best I can tell somewhere around 400k-600k in net earnings. + +# The Outlook + +SGI made 30.4mil in revenue in 1H21 down 9million (8.2 of the 9 due solely from the miner in Africa). On the other hand they had 2.1mil in EBITDA, which was up 20% from 1H20 (or nearly 60% up off statutory earnings). Their net profit was 171k, which represents a 500% increase off the same period the previous year. + +The recent C&L acquisition was official as of 1st of Dec 2020, and accounts for only 1million of the 1H21 revenue figure (and a net loss of 30k to earnings after due diligence and financing costs of 350k). Accounting for C&L additions, by my math SGI will probably post a FY21 top line revenue close to that of last year of 68mil. Furthermore, their EBITDA should get a significant boost. However, the most significant boost I'm expecting to see is in their 2H21 net profit, which will be unencumbered by the net 950k cash cost to acquire C&L that they incurred in 1H21, and further bolstered by contributions by the new business. + +The potential for FY22 revenue with BSA and C&L fully online, seems to me to be closer to 75mil with underlying EBITDA of \~5.5mil. My best guess is that puts them in the position to post an net profit in the 2-3mil range assuming no further major investments and acquisitions. Without factoring any change to net tangible book (equity staying the same), that would give them a fair value of around 57cents using typical market multiples. + +In other words, without needing much more than a modest result (in-line with their historical performance across the group) I see potential for a 5x upside to the share price as their valuation catches up with their investments (probably \~2 year holding period). In addition to that, there’s further potential with growth, increase in market share, and acquisitions. The upper limit to this is considerable when compared to similar businesses within SGI's industry. + +**TR;DR**: Undervalued industrial supplies distribution company. Stated goal of the company is to achieve 200million in revenue by 2025, which they are on track to achieve with aggressive acquisitions and ventures. All other things remaining the same, I estimate achieving this goal would translate to net earnings of \~15-20mil. This would put SGI at a fair value around $1.50-$2.00. And while 200mil revenue is an ambitious aspiration, it seems like some good risk/reward potential for a shareholder in an already undervalued 9cent stock. + +Anyways thanks for attending my ted talk, and as usual, fuck off if you think this is advice. 🚀🚀🚀 + +Edit: couple of typos +EDIT (4/02/21): Highly recommend reading 'u/blinkerthinker's comments below after reading this DD. Some of his research is a little outdated, but he provides some balance to my optimism, on why you might *not* take a punt on Wisr + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +Gday again fellas, I'm back at it with another DD, this time on my highest conviction hold - Wisr. + +This stonk has been called many things: + +* 'immune to good news' - /u/GeoSciFi +* 'the most infuriating stock i have ever owned' - some boomer on hotcopper +* 'this cunt of a stock that just won't go up' - me, on several occasions + +This stock has pumped out positive announcement after positive announcement, but has basically traded sideways since June last year. And yet, i like the stock. Some time soon its going to get noticed again by the herd and start doing fun things. + +Wisr is not really a 🚀 stonk (for a potential rocket see my [last DD on VEN](https://www.reddit.com/r/ASX_Bets/comments/l5cc39/dd_on_vintage_energy_asxven/)). It is a low-risk, boring, park your money, investment stock that has a very good chance of doubling in the next 1-2 years, but will likely continue to do bugger all in the few months. + +**Market cap:** $202 Mill + +**Current share price:** $0.185 + +**Chart:** + +&#x200B; + +https://preview.redd.it/xen2b2ltg1f61.png?width=1162&format=png&auto=webp&s=ad1338e54c4ecac2ef25b24b4de3ac546006b99e + +**What do they do?** + +Wisr is a non-bank consumer loan provider and fintech company, offering personal loans to individuals, at interest rates that typically undercut traditional loan providers (banks). They are a 'neo-lender' in the same style as a neo-bank - their operations are entirely digital, with delivery of services through their app and website. Their business objective is to streamline the personal loan approval process to make it quicker and easier for consumers to get personal loans, and leverage their digital platform for scalable growth. So far it appears to be working. + +**Are they profitable?** + +Not yet. Wisr posted a $12M loss for H1FY21. Cashflow is currently negative, with a lot of $$$ going into growing their customer base via advertising and marketing, and low profit margins due to keeping their loan interest rates hyper-competitive (though margins have been increasing). I recall Henry Jennings from Marcus Today suggested they may be profitable around 2023, which seems plausible. I won't hazard a guess. + +The good thing is they are very cashed up, $29m in cash (as of 31 Dec 2020), so is is unlikely there will be any capital raising in the near future. + +**What has growth been like?** + +Phenomenal. The best thing Wisr has going for it at the moment is growth. Revenue growth has been greater than 30% for every half-year period since June 2018. Here are some recent figure from their quarterly reports: + +* Revenue growth of 354% between first half FY 2020 and first half FY 2021. Record revenue of $5.9m in Q2 FY 2021. +* 435 increase in operating revenue from Q1 FY 2021 - Q2 FY 2021 +* 166% growth in loan originations between first half FY 2020 and first half FY 2021 (and 35% increase from Q1 - Q2 FY 2021) +* 47,900 new Wisr profiles created in Q2 FY 2021. + +The company has been good at identifying and building new product lines to grow revenue. Most recently they entered the car financing industry in Sept 2020. + +They have a medium-term goal of a $1 billion loan book (but don't say when they expect to reach this) + +**What are the risks?** + +The main risks i can see are defaults on loans, and failure to sustain their growth rate. + +Wisr has stated in their last presentation that average credit score of loan recipients has increased, from 737 to 757 in Q2 FY2021. Note the average AUS credit score is approx 600. 90 day arrears have also fallen to 0.79% from 1.01% in Q1. + +I'm too retarded to make an intelligent sounding statement regarding growth risk, however given they have had greater than 30% growth per half-year since 2018, and have proven to be adept at identifying new product line opportunities, my personal belief is that they will continue to grow at a sustained rate over the next 2 years. + +**Are directors buying or selling?** + +Directors appear to be primarily buying. The last big sale by a director was by Craig Swanger, a non-executive director, who offloaded 35% of his shares in August 2020. However since then he's been buying small volumes, so maybe he needed a down payment on his next mansion, i dunno. + +I couldn't find any details on share ownership by the CEO, but John Nantes (executive chairman) holds 1.2% of all shares, and has been buying small allotments in second half 2020. + +**Are instos buying or selling?** + +This info is based purely on 'substantial shareholder transactions'. Appears to be mainly buying in 2020. Alceon Liquid Strategies bought an 11% stake during the March 2020 lows. Adcock Private Equity currently own 15.7% of shares on record, have bought a substantial amount in April 2020 but reduced their holding slightly in June and July 2020. + +**Other reasons i like the company** + +* One thing i like to do on companies i'm considering investing in (rather than trading) is to check out their employee scores on Glassdoor. Wisr has a 5-star average review on Glassdoor, suggesting they are likely good at retaining talent. +* I've tried their app and its tight. They have a good grasp of tech and UI. +* The company is lean, like a true tech company should be. Only 52 permanent employees on the books. + +**So why isn't the share price moving?** + +I don't fucking know. It should be, but its not. Volume has been low since August, so maybe its just a lack of attention, given all the exciting shit happening with lithium and GME and what not. I think there may also be a bit of self perpetuating cycle happening, where impatient traders sick of the sideways movement have sold into any strength, thereby pushing the price back into its trading range. + +**My entry and position** + +I'm currently holding 24,000 shares at an average price of 0.217. First bought in on 24/06/2020. + +The share price has developed strong support at 0.18. For me, this is why this stock represents such a low-risk buy. The chances of it falling below 0.17 and staying there for some time are lower than the chance of any of you every physically satisfying a woman. /u/The_lordofruin i will accept a permaban if WZR drops below 0.17 and stays there for more than a week in 2021 (you guys reading will have to hold me accountable). + +I'm looking at doubling my investment to 48,000 shares if the share price shows any indication of breaking out above 0.23 and staying there. I think this will be the catalyst for moves to 0.3+. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +As always, do your own research (I am clearly biased), and if you think i'm wrong then do me a favour and rip me to shreds. Also if you want sources for any of the above, most of it comes from data collated in Lincoln Stock Doctor, and a lot of the remainder from company reports. + +Happy hunting 🚀🚀🚀 +Hi everyone, + +In 2007 the uranium spotprice reached 134 USD/lb. + +Today the uranium spotprice is at 50.34 USD/lb + +In **february 2007** (when uranium price was around 90USD/lb) the share prices of following uranium companies represented a much bigger enterprise value in USD per uranium pound resources of that company: + +\- Paladin Energy: 23.04 USD/lb that Paladin Energy had at that moment + +\- Denison Mines: 21.42 USD/lb that Denison Mines had at that moment + +\- UrAsia: 31.24 USD/lb that UrAsia had at that moment + +\- Forsys Metals: 16.02 + +\- ... + +Today (August 31, 2022 before opening) the share price of following uranium companies represented a much cheaper enterprise value in USD per uranium pound resources of that company, meaning they are significantly cheaper than in february 2007. + +\- Paladin Energy ([PDN.AX](https://PDN.AX): 0.8150 AUD/sh): 4.37 USD/lb --> to a hypothetical 23.04 USD/lb = 5x from today's share price --> let's cut that in half = it's still a sell price of 2.15 AUD/sh + +\- Deep Yellow ([DYL.AX](https://DYL.AX): 1.055 AUD/sh): 1.27 USD/lb --> to a hypothetical 20 USD/lb = 15x from today's share price --> let's cut that in half = it's still a sell price of 8.30 AUD/sh!!! + +\- Peninsula Energy ([PEN.AX](https://PEN.AX): 0.19 AUD/sh): 2.22 USD/lb --> to a hypothetical 20 USD/lb = 9x from today's share price --> let's cut that in half = it's still a sell price of 0.86 AUD/sh!!! + +\- Bannerman Energy ([BMN.AX](https://BMN.AX): 2.35 AUD/sh): 0.98 USD/lb --> to a hypothetical 15 USD/lb = 15x from today's share price --> let's cut that in half = it's still a sell price of 18 AUD/sh!!! + +\- Elevate Uranium ([EL8.AX](https://EL8.AX): 0.55 AUD/sh): 0.65 USD/lb --> to a hypothetical 10 USD/lb = 15x from today's share price --> let's cut that in half = it's still a sell price of 4.23 AUD/sh!!! + +\- ... + +\- Global Atomic ([GLO.TO](https://GLO.TO): 4.11CAD/sh): 2.75 USD/lb --> to a hypothetical 23.04 USD/lb = 8x from today's share price --> let's cut that in half = it's still a sell price of 17.25 CAD/sh + +\- ... + +The upside potential in those ASX listed uranium companies is huge. + +And if you don't trust the data, you can still sell it at 2x (imo, no financial advice) + +The uranium LT price has to go to at least 80 USD/lb from 51.50 USD/lb today to get the global uranium supply and demand back in equilibrium a few years after reaching those 80 USD/lb (You can't switch uranium mines back online in a month time!) + +Note: I just had a remark from someone on Reddit, and he/she is right, I forgot to mention that this isn't financial advice. And it's never financial advice. + +This is my own due diligence on the matter. Please do your own DD before investing. + +Cheers +I’m buying $2.5 million of farmland in the midwestern US over the next month. NW = $12 million + +The farmland yields 4% after property taxes via cash rent. I estimate that rent will increase 1-2% per year giving me a 5-6% total return. + +I view it as a fixed income replacement. + +Anyone else own farmland? +Was having a discussion with a friend who is HNW about the merits of a fee-based financial advisor. I have no interest in having my finances managed by a third party - which blew her mind - but she has no interest in managing her own and likes the perks - What are you expectations of "perks" if you have 7 figure accounts? + +Do you expect to be taken to dinners? Invited to economic summits/presentations? Golf at elite courses? Tickets to exclusive events (Masters, Playoff games, etc.)? + +I don't see the appeal but maybe I am missing out if the above are truly that great? + +EDIT: I should add - economic value isn't really what I am going for here, more exclusivity i.e. - suite for a playoff game, good seats at a sold-out concert, rare wine dinners, etc. She may be an outlier as she is very wealthy at a young age, and thus is a valuable client to retain over the long term, so maybe these perks are rare to receive. +Yesterday I actually hung out with a cousin whom with I have a special relationship NO ONE gets. His views on politics, religion, economic policy etc are %100 percent different than mine. We're both from a less than friendly area of Philadelphia and now live in a very peaceful comparatively Colorado. We tare into each other HARD. We both enjoy it and actually communicate pretty effectively. When I told him about game stop 6 months ago he OF COURSE had to go 100 percent against it. + +&#x200B; + +I joined this thing back when WSB was small. Early January on Robinhood. A bomb goes off and wsb splits. Some people went one way. Some people went another way. A lot of new people rushed in. I moved to GME and then to Superstonk. Superstonk is ... just so much good stuff. And its got a pretty good handle on a lot of the bad things. + +&#x200B; + +We are not organized by color, age, location on the planet, political affiliation, education level, career path, height, weight, physical abilities, thoughts on drugs, abortion, the death penalty, guns, welfare, you name it. That shit happens in other groups and pages, and in the real world. It doesn't happen here. Hummm + +&#x200B; + +We went through a thing where it was x xx xxx ape for a little bit. It ended up stopping. Probably because no one cares. If you were an x ape this weekend you have between 215 ish bucks and 2,150 ish bucks. You will be treated equally here. We have all been there and we all get it. The price is so volatile if you were here back when we did this you probably aren't calculating the exact value anymore. You know it'll change. You know you're not selling. You might think someone with $21,500 and $215,000 in savings would be treated differently. At a bank you'd be right. Not in here. Now a days the most talk about it is when someone says they graduated from x to xx or xx to xxx. Its always met with cheer and applause. no one holds anyone down here. Everyone is proud of everyone. That's pretty cool. I guess if you really think about it a group with no real leaders tried to organize them selves based on a dollar value, it felt unnatural, and we stopped doing it. Hummm + +&#x200B; + +Some of us make great memes. Some of us are bad ass at math. Some of us are bad ass at networking. Some of us volunteer countless hours just to keep 480,000 voices organized while usually 20% - 25% of them are on at the same time even on weekends. Some of us dig for research. Some of us just lurk. Some people paint. Some people make songs. Some people fly drones. Some people drive cross country to accomplish the same goal you could accomplish online just to be there for it. You could even come up with something new and cool. Some of us used to work for Citidel and have been on cnbc. Some of us make informational videos. Some of us are awesome at cyber security stuff. Please feel 100 percent free to choose your own level of involvement. You are. Do what you want. First thing I would do is dig into the DD and catch up on the YouTube videos. If you find a hole in any of it. Scream it out. If anyone ever shows you a hole in it. Scream it out. Let's talk about it. + +&#x200B; + +There is a sub called GME\_meltdown. It exists to make fun of gme, which is fine. A lot of us lurk there looking for holes. We find funny memes and no data. If someone ever did the it would be hung on the wall for all to read, analyze and discuss and then ultimately decide on. There is also a group with a financial interest in breaking this group up. Youll figure that part out quick. It's weird that those places would exist if there wasn't SoMeThInG going on with this company. Hummm + +&#x200B; + +At the heart of it there is this company called Gamestop that for one reason or another everyone here kinda digs. Some of us worked there. Some of us shopped there. Some of us play video games. Some of us don't. The cool thing is Gamestop, regardless of your relationship with it is in pretty good shape. It's coming out of a rough time where those with the money thought it was going bankrupt. And they were almost right. You've heard the blockbuster of videogame stores comments. Another brick and mortar. Yep. And they were almost right. But it turns out they were very very wrong. A bunch of the right people got involved and made some right moves. The company paid off all of its debt and is pivoting to be a major competitor in the e commerce and tech industries. This activity has garnered attention from all over the globe. It it has made its impacts too. (READ THE DD) Everyone here is excited because we believe in the company and it is going to turn into something cool. Something world changing perhaps. + +&#x200B; + +I finally got to explain that to my cousin this weekend. + +&#x200B; + +"Hummm... Dude you might have got in early. I am gonna have to take a look at this." My cousin quietly admitted after a half hour calm rant from me. I never thought my cousin and I would agree on the color of the sky, let alone this. + +&#x200B; + +Something is going on and it all surrounds GME. This is a thing I'd rather be in then out, and I made the decision on my own to go all in a while ago. I admit I am anxious to see the end soon, but I can wait as long as it takes. + +&#x200B; + +This group deserves a major acknowledgement for what it is. Its a group of almost a half a million people from all over the world, all walks of life, and all belief systems sharing knowledge and experience they have, telling stories, making art, doing research, learning and teaching and GETTING ALONG. The company is doing some amazing things. And I believe this group is as well. This group alone is worth books, movies and further examination in the future. + +&#x200B; + +I hope you find your place here if you haven't already. To everyone who has, Thank you for everything you do to make Superstonk whatever it is, and will turn out to be. If you haven't, remember... You are always welcome here... And I don't know any other place on earth like that. + +&#x200B; + +What is it to you? +*Not a financial advice.* + +I have been using TDA for a long time, and now I have lost complete faith in this fraudulent broker platform. + +Below I will discuss all the bad practice conducted by TDA that caused me to lose all the trust on them. + +1. PFOF +2. Fraudulent routing for retail IEX order. +3. Limitation of limit sell order. Plus, they reserve the right to make any rule change to sell order. + +# PFOF + +I know that naked short selling is the biggest fish that we are chasing after. But, PFOF does play a significant role in preventing true price discovery. In a quick summary, naked short sell actively suppress the stock price. And PFOF prevents the passive organic price growth. + +Let me start with some confirmation from legit person. Below is [Dave Lauer's comment on TDA](https://www.reddit.com/r/Superstonk/comments/p882qd/this_what_says_dave_lauer_about_td_ameritrade/). For those who has used both TDA and Fidelity, you surely will notice that Fidelity has superior fill price compare to TDA. + +[TDA is just as shitty as RH. That tells a lot!](https://preview.redd.it/o1ufa7jnlri71.png?width=1071&format=png&auto=webp&s=2a864ef01c6d1eae345401db8a1ba866ba9132fb) + +&#x200B; + +# IEX Routing + +IEX is famous for the physical barrier of miles long fiber optical cable in front of server. This prevents High Frequency Trading Algorithm to front run retail order. Many people thought this is the only benefit compare to other lit exchange. + +**However, there's more!** + +In a [2017 IEX research](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjI4oKB8sLyAhVbGTQIHeQ8CrAQFnoECAYQAQ&url=https%3A%2F%2Fiextrading.com%2Fdocs%2FA%2520Comparison%2520of%2520Execution%2520Quality%2520across%2520U.S.%2520Stock%2520Exchanges.pdf&usg=AOvVaw3CsEgdv-3-7jRr7OOGOlrB), it discussed all benefits provided from IEX. I am only going to focus on price discovery here. Look at this graph. **Extraordinary price discovery improvement!** This is just to show how important for us to use IEX routing. + +[Fig 9 from \\"A Comparison of Execution Quality across US Stock Exchanges\\"](https://preview.redd.it/dw9tt2tqori71.png?width=750&format=png&auto=webp&s=801b3febfdd70154c117541328b8853f95a30eee) + +# + +# However, TDA Does NOT Direct Route to IEX + +That is it. A simple fact that has been confirmed by many apes. [See this post](https://www.reddit.com/r/Superstonk/comments/p86syw/well_fuck_ameritrade_i_confirmed_it_too_they_send/). Surely I have also confirmed this myself (always trust but verify). + +[Chat with TDA confirming NO Direct Routing to IEX](https://preview.redd.it/lj7nffy4qri71.png?width=750&format=png&auto=webp&s=40cd8fcf561e7e1250a36a81e8c793c2b657127a) + +&#x200B; + +**To me, this is illegal. So, I reported this to SEC.** + +[Reporting to SEC for illegal handling of retail trade order](https://preview.redd.it/dd79td1qqri71.png?width=1139&format=png&auto=webp&s=b643d93d8622429b1aa3699df1ac3f0716fc68cd) + +# + +# + +# TD Ameritrade is NOT MOASS Ready + +I have been giving TDA the benefit of doubt for too long. And this is it. I am not trusting TDA anymore. + +In May, Fidelity opened up the limit sell order to allow sending order with 600% range from the current mark price. At that time, TDA limited retail to only able set sell order within +/- $250 of mark price. + +I immediately provided suggestion to TDA and hope they will follow the practice. + +[Chat with TDA on limit sell price setting](https://preview.redd.it/qx8ta5lnsri71.png?width=750&format=png&auto=webp&s=8b388b74a82aa53d48607f98a3b8ffee03549bad) + +[Promise from TDA to make improvement in May](https://preview.redd.it/thj882vpsri71.png?width=750&format=png&auto=webp&s=b5b78ac56a29e37f627c8729eb3714e0140d0a6d) + +&#x200B; + +Today, I tried to see if such improvement has been made or not. Guess what? + +**TDA fucking tightened the allowed price setting for limit sell order.** It now only allows 3% from the current mark price. And worst of that, they are blaming market maker for this limitation. + +[Blaming Market Maker](https://preview.redd.it/jlchnpibtri71.png?width=750&format=png&auto=webp&s=9ed1f0b757720e6a1f333917a94b26e04cec2dd5) + +[Only 3&#37; allowed, and they reserve the right to make any change without notice](https://preview.redd.it/2zrkf81dtri71.png?width=750&format=png&auto=webp&s=5145ddf2ba361ec6f6428abb4a69502b603320ec) + +&#x200B; + +# TDA does NOT hold your sell order for you on their server + +**Supposedly, there is a work around. But shit you not, it does not work anymore.** + +You were suppose to send in conditional limit sell order to ask TDA server holding your order and to only send it to exchange when it is within the allowed 3% range from mark price (set by market maker). But, as of today, it does not work. This used to work in May. I tired it before. + +On top of that, TDA support didn't know such function has been revoked. + +**Order will get rejected** even if using conditional. + +[Attempt on setting conditional limit sell order for server to hold for me](https://preview.redd.it/7ql1dnafuri71.png?width=750&format=png&auto=webp&s=19e854785a94a4bba634246e21ebe22dcf4a9cfe) + +[Support didn't know such work around has been revoked.](https://preview.redd.it/c9yvq5ojuri71.png?width=750&format=png&auto=webp&s=3fda520ad8a2d5837565a3822a03dbe6c839e532) + +&#x200B; + +# TLDR; + +**GET THE FUCK OUT OF TD AMERITRADE NOW.** + +**TDA will fuck you over during MOASS.** + +&#x200B; + +# Edit: + +Many have asked "move to where?". My honest answer is that I don't know. No one knows... But, here is a list of broker to get started. And also a list of broker action history during Jan event. + +[https://www.reddit.com/r/Superstonk/comments/mowzjk/the\_broker\_preparation\_guide/](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) + +[https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + +Lot people also said to go to ComputerShare. [Here is a post I wrote](https://www.reddit.com/r/Superstonk/comments/p3r5c8/purchasing_with_computershare_new_user_takes_3/) on how to purchase through ComputerShare. And the interface and trading option will looks like below. + +https://preview.redd.it/xcj8h8rv5ui71.png?width=1188&format=png&auto=webp&s=1c102fb2da33fd24e596ab1fab1764df15fbe042 + +# Edit 2: + +**According to** u/WhatCanIMakeToday, **you are able to set "contingent order" through vanilla TD Ameritrade website ONLY. For the first time user, it will ask for your permission to enable this feature.** + +[Work Around](https://preview.redd.it/hb5yh4bk1ui71.png?width=867&format=png&auto=webp&s=6006ede7f5631a615c0fb41cb56b422f2e2ff2da) + +Once enabled, this feature can be confirmed in your profile setting. *(This shit needs TradeMark?, what a joke).* + +[Profile Setting](https://preview.redd.it/t0i8y46y1ui71.png?width=575&format=png&auto=webp&s=3ad367e2dbc126049aa0dee27decb9a534f0b25f) + +Then, **this order can ONLY be seen in TD Ameritrade website.** It is NOT visible in TDA Mobile App, NOT in TOS desktop, and NOT in TOS mobile. + +https://preview.redd.it/ldc45z8q2ui71.png?width=1158&format=png&auto=webp&s=e22f7f07fe070c3248beccd5b6bd488db93cfc47 + +This is indeed a working solution, but I recommend to keep monitoring this because TDA clearly reserves the right to make any change on this function. (Chat support said this). +I have a position here at 108$ and it is falling so hard that im considering adding to my position but recent news aren't very good for them. What are your thoughs about it? Is this going to become another Quebec stock scam? Or are they as solid as some claim them to be? Im not sure what to believe to be honnest. I know i shouldnt invest in stock i dont understand but yeah, i took a chance here. +I’m reasonably new to investing, so I apologize if this question is overly simple. In short, I’m overwhelmed by the sheer volume of ETFs, so curious what ETFs on the TSX have interested you, or that you own, and you’re quite happy you do. + +I know a lot of people say that Vanguards growth ETF and S&P 500 ETF are solid, but wanted to get more opinion and understanding. Thanks if you take a moment! + [https://imgur.com/gallery/L2KR97t](https://imgur.com/gallery/L2KR97t) before and after with nerd numbers + +Posting one of my crappy BRRRR deals. I bought for 92k with 8% down total around 13k down payment in a nice neighborhood estimated arv was 200k + +I know this city in particular has a NAZI like residential inspections for rentals taking around an hour and they check everything is done right. + +So I have to get a plumber to fix the pipe coming in from street in order to get the water turned on. The plumber comes in and fixes a few pipes here and there total cost $2500 for a days work. Then the day they are going to turn on water the inspector says Oh you replaced more than 20% of pipe so everything has to be brought upto code now. + +My lucky day so plumber gives new estimate for 12k and I tell him its going to be cash so its dropped to 10k . I get another estimate anyway and the other company wants 16k for the job if cash and 19k for other payments. + +So I stay with my plumber I remind him once a week to keep checking on city and it takes 22 weeks to get permit approved after lots of back and forth. So far I'm about 6k in mortgage payments. + +Finally the plumbing is done and total turns out to 13500 because I had to literally pay $100 an hour for plumber to sit outside waiting for city inspector to pass by and their time slot is 8am to 4pm and they never give a specific time slot. If plumber isn't there with id and license it's an automatic fail. + +After the plumbing was done I'm about 24 weeks after purchase . We rehab the rest of the home in 10 days. Rented it out for 1900(market rent is 1600 psssh) and my new mortgage is 1450. Cash flow is crappy but my COC is decent. + +The numbers are as follows. + +PP 92K with 8% down rehab portion is 31k I owed approx 117k to the lender. Home appraises for 205k or so and my new loan is 153k and I'm getting 26k cash out . + +Of the rehab I spent 12k in material and 11k on my crew plus the 13500 for plumber total is 36500 so I went over budget. + +The rough final numbers are 13k down payment with 6k rehab budget out of pocket and about 7k in mortgage payments in carrying costs with 750 in utilities. 27k Total capital invested with 26k being returned at my refinance. On top of this I have 50k equity by just moving some capital around and taking on a little debt. + +Almost 100% but I wouldve been at 150% COC if I didn't have to do this crappy union plumbing job. It had a few leaks here and there a couple days after the job was done. + +The main difference on this project it was a huge headache for me and caused me a lot of stress because it was sitting vacant for so long and that drives me crazy. Other than that the numbers are ok. + +I have another home that is also taking me around 5 months to complete because the ex owner is an idiot but I'll post that one next month after appraisal is done and I have final numbers. + +Good luck to everyone. It's always a great time to invest. My tenants are a roofing company owner making 125k a year and his wife earns 60k at a factory. They are extremely happy with the home and have been looking for a home for the past 4 months but couldn't find any in this city since rental homes are in such short supply. +Hi guys. I’m a 26M electrician and earn anywhere from 120k-180k a year. Only problem is I work away from home and have been working 60-80 hours a week for almost 9 years straight. I’ve done well for myself financially but I also don’t care for my job at all. I think I would love to go into banking or finance but have no idea what the day to day of someone’s job would be in that field. Just asking if anyone who works in that field could give me an idea on what your job is and what qualifications you need to get started? Also what kind of pay is to be expected and is there a low ceiling on salary expectations? +Graduated 2019, still haven't found a relevant job in my degree of study. Running out of time, graduate programs only accept you if you graduated within 2 years. I dont know what to do anymore, I did civil engineering by the way. + +Edit: I've been working as a project coordinator for a small aluminum window and sliding door company, basically scheduling, simple designs, doing quotes and contacting customers/suppliers. +This is a bit of a pet peeve of mine, but all these statements in the same vein that "shorts should have just covered in January, now we've learned a lot and are diamond handing for way more", "I bet they regret turning off the buy button now cause now we're going to hold for way more than 1k", or "they should have just covered at 1k" have the same flaw in logic, primarily that these SHFs could actually cover and survive. Essentially, it was not a mistake to not cover in January as the thinking goes, they would have gone bankrupt and had to do something, anything, EVERYTHING to avoid it. The primary reason they wouldn't allow it to squeeze was that ANY attempt to cover at any price means bankruptcy. That's how short the position has always been even before diamond hands arrived in January and beyond. The position wasn't designed to be covered, it was designed to bankrupt GameStop and reap the rewards as had been done with Blockbuster, Sears, Toys R' Us and many others before it. + +Simply put, to the shorts, squeezing to 1k is no different than squeezing to 10m. Bankruptcy is bankruptcy and they don't care who has to foot the bill if they get liquidated and go tits up. The only thing they may regret is excessively shorting the stock so much that there is literally no escape. To cover means to literally go past the event horizon of a black hole, there are no degrees of acceptability in regards to crossing an event horizon, once you're past it there's no escape. + +&#x200B; + +MOASS is inevitable. Buy and hold, be greedy and sell for the price you've set in your head, whatever that may be, cause all you have to do is wait for it. +We are a family of five. My husband (37m) me (35f) and our school aged children. We live in a high COLA on the west coast. We have been having money problems since 2019. It’s been one thing after another and I’m not sure how to best handle the current situation. + +Here is a breakdown of the “saga” I will try to be brief while also including pertinent info. + +- 2019 - My husband was working part time and going to school full time. I was working full time and picking up extra shifts to support us. My hours got cut drastically and we could not afford anything let alone the mortgage. During this time I discovered my husband was not doing well in the classes (failing) he had not completed the necessary forms to get after school childcare discounted by the college. I realized we had been making partial payments FOR MONTHS. + +- My husband went back to work in October 2019. + +- We couldn’t catch up with the mortgage. Or pay what we owed to the daycare (they asked us not to come back and sent us to collections obviously) + +- We filed for Chapter 13 bankruptcy in November 2019 and included our mortgage payments arrears, a car we bought used (~$5000) the daycare ($2500) and two credit cards (less than $1000). + +- 2020 - the doctor I had been working for retired and closed his practice 1/1/2020. That was ok, because even with the loss of income we were making payments on the Chapter 13 no problem and paying our bills. + +- My husband got into a very serious car accident in late February of 2020. He spent a few nights in the hospital and could barely move his arm or stand up straight for months. My husband would never be able to work at that particular job ever again (he was a union ironworker) + +- Obviously covid happened in march 2020. I searched for work for months. My husband recovered. + +- We both finally found work in September and October of 2020. Our bankruptcy lawyer said the trustee was dismissing our bankruptcy. And we should file again in January 2021. + +- 2021 - we filed chapter 13 again. This was an uneventful year after that. We made all the payments. + +- 2022 - my husband got laid off in February. It is very hard for me to get more hours at work because I’m assigned status hours and they give open shifts to on call employees (union contract) I’ve applied for other part time jobs but it’s been difficult because I take care of our children’s activities/appointments/schoolwork. + +It’s been a struggle getting my husband to do anything to bring in any amount of income. He’s procrastinated unemployment benefits. He doesn’t call his union hall or want to do a side hustle/temp jobs. This is a pretty typical reaction from him in the past, so I’m not surprised we just weren’t in the middle of a bankruptcy. + +We are currently making partial payments on the chapter 13. + +**My Question** + +Should we sell the house and just get out of the bankruptcy? Move to a lower COLA? Will we even be able to do that? +We bought the house for 300k and now it’s worth 415k according to property tax assessments. I feel like this is the most sensible option. + +Or + +My husband will be getting approximately 40k from the insurance from the car accident. My husband wants to use it to pay the rest of the chapter 13. He says his personal injury lawyer says “any day now” + +My opinion on that is *I will believe it when I see 40k in our account* + +I’m sick of the uncertainty and being in crisis every few months. I have never bought new cars, flashy clothes, i only had two credit cards. I don’t even get my haircut. + +I just can’t believe how we managed to get this far in debt. I’d really appreciate an unbiased opinion. + +Thank you for reading this far. +I’ve recently started selling credit spreads on XSP and SPX (both put and calls). I sell at low deltas with 0-1 DTEs. And at any time, I either have a put credit spread or a call credit spread. + +Today, it occured to me that selling iron condors might be a better option. It will allow me to collect more premium per trade. Further, whilst this would require more buying power and put more capital at risk, in practice, only one side of the trade will be at risk. By that, I mean that its only possible for SPX (or XSP) to breach only one side of the trade. It will either drop too low, putting the put side of the trade at risk. Or it will rise too high, putting the call side of the trade at risk. This also means that in terms of trade management, depending on where SPX is headed, I’ll likely only need to manage just one side of the trade. I know its possible for SPX to swing wildly within the course of a day, but at the end, it can only breach one side. + +Am I right in thinking the above? Or am I missing something important? If there’s a better option to trade SPX, I’d be happy to hear about it as well. +The iv on tesla is very high right now and I am finally comfortable selling puts because it approaching a fmv. Do you think a $70 strike is still a bit too greedy or actually a pretty good entry if I were to get assigned? Honestly I would prefer not to get assigned on tesla but at $70 I could sell covered calls while the company continued to grow. Is $70 too high in your opinion or is $50 more realistic? +Last week I posted about my experiment with a $1000 Webull account (no commissions, but fills are pure shit, no other words to describe, do not recommend it). + +Here is the original post: + +[https://www.reddit.com/r/thetagang/comments/wsmng5/experiment\_wheeling\_the\_highest\_iv\_crappiest/](https://www.reddit.com/r/thetagang/comments/wsmng5/experiment_wheeling_the_highest_iv_crappiest/) + +I pretty much maxed my buying power at just over 85% of capital tied up in cash secured puts on the most volatile, hated, and crappiest stocks in the highest IV corner armpit of the market. So, this will be it for this month, and now we are in a waiting period until certain options drop enough for me to buy them back, or get assigned the crappy stocks. + +Here is the list of tickers and trades I have made over the last few days. + +I collected a total of $194 on $856 tied up, though the $20 I collected for ENDP, IMPP and the $25 from the $1 AVYA put are ITM, so I can not expect to collect that premium right now. About $150 of the collected premium is from pretty deep OTM options right now. + +Feel free to poke holes, just please understand that I am trying to "diversify" as best as I can across industries etc., but with such a small account it is not possible to have an intelligent diversification strategy, if you stay in this nasty corner of the market. Working with this stock universe is the main experiment design feature, so that ought to be the end of the "diversification" discussion. + +Good luck to everyone and best regards, and thank you for the very positive and productive discussion in the original thread. I will make these updates once per week, and I hope that they will provide good value and a constructive discussion. + +NameSymbolSideStatusFilledTotal QtyPriceAvg PriceTime-in-ForceFilled Time + +MNMD 09/16/2022 00:00:00 EDT Put **$1.00MNMD220916P**00001000SellFilled11@0.3000.3DAY08/24/2022 13:56:08 EDT + +IMPP 09/16/2022 00:00:00 EDT Put **$0.50IMPP220916P**00000500SellFilled11@0.1600.16DAY08/24/2022 12:27:37 EDT + +PRTY 09/16/2022 00:00:00 EDT Put **$1.50PRTY220916P**00001500SellFilled11@0.1500.15DAY08/24/2022 12:13:31 EDT + +AVYA 09/16/2022 00:00:00 EDT Put **$1.00AVYA220916P**00001000SellFilled11@0.2500.25DAY08/24/2022 12:02:23 EDT + +BBBY 09/16/2022 00:00:00 EDT Put **$3.00BBBY220916P**00003000SellFilled11@0.1700.17DAY08/23/2022 10:33:05 EDT + +AVYA 09/16/2022 00:00:00 EDT Put **$0.50AVYA220916P**00000500SellFilled22@0.0600.06DAY08/22/2022 13:07:03 EDT + +CLNN 09/16/2022 00:00:00 EDT Put**$2.50CLNN220916P**00002500SellFilled11@0.6500.65DAY08/19/2022 15:15:35 EDT + +ENDP 09/16/2022 00:00:00 EDT Put **$0.50ENDP220916P**00000500SellFilled11@0.2000.2DAY08/19/2022 12:10:38 EDT +This is purely a thought experiment but also wanted to know if anyone actually does this. Say you have $1million to invest. What if you exclusively wheeled a SPY ETF or some other index fund like that (QQQ, etc) with ATM or near the money CSPs. This seems like it’d return far more than the average 7% annual return investing for the long term. Does anyone do this? How has it been working? +There's been a lot of helpful posts in here lately and that shit needs to stop right fucking now. + +I posted a ELI5 post on my first day here and you know what the first comment & top rated comment was? "GTFO and never come back." + +2 months later I took a 22K loss from $LULU aka my first real trade because I had grand thoughts of "Can't go tits up" with no concept of IV crush. My dick grew 2 inches from that loss bringing the total length to 4 inches. + +Don't tell them "DoNt TrAdE oPtIoNs If YoU dOnT kNoW wHaT yOu'Re DoInG", don't send them helpful links, and stop with all these thought out fundamentals. Stonks only go up except when you the buy the dip and that's the only fundamental that matters. We're going to have to start handing out free vaccines if you fuckers keep this shit up. GUH! +Ethereum and Litecoin forums are usually about the cool tech and its applications in bettering the future of our world. Bitcoin is less noble but at least discussions are usually about its future as a currency, the bubble in general... + +Bitcoin Cash, on the other hand, is a complete mess. People in those communities seem infected with greed, are swearing at each other, and trashing other altcoins. They act like a bunch of angsty teenagers with something to prove, it's kind of sad to see, especially with how much great stuff is going on in crypto right now. + +It's really the only time I can remember in the past five years where I just don't want to see a crypto perform well. I'm very sad that Coinbase chose to add such a contentious coin to their platform, and I'm truly sad to be migrating to Gemini because I really thought Gdax had a great interface. +Happy Bastille Day to all the Cornichons ! + +and Good Morning SuperStonk! + +I was fucking around with my crayons last night trying to sharpen my Magic Mint^(TM.) While try to jam it into the back of the box I noticed something while staring intently at ADX all of these things are like the other. + +[Historical ADX on GME's 1D Timescale](https://preview.redd.it/n7tcudl866b71.png?width=1638&format=png&auto=webp&s=456008af1fb6c3925f8ed3e4f82c00c73fc6223f) + +Does this mean anything, IDK...But, I've been doing this stuff for a long time and I know patterns like to repeat themselves. Anyway it doesn't take a lot to get my titz jacckked to the moon! + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oi6c88/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Holy shit that was a rough ride, finally got some blood pumping in my pickle after all these days down .xx - 2.00% I thought the shorts just didn't care anymore. I guess their $31M in Puts today would say they do care quite a lot. + +[We didn't close at 169.69 but I'll take what I can get. I've never been more proud of you 💎🤚 Motherfuckers!!!](https://preview.redd.it/fs1srnzui8b71.png?width=370&format=png&auto=webp&s=d5d5d0217f149f7b1332e60177ea184203ee54bb) + +https://preview.redd.it/c73gegb1j8b71.png?width=694&format=png&auto=webp&s=f0e08c237eed07d78f041cb70707e847a7925a52 + +&#x200B; + +[- Gherkinit](https://preview.redd.it/nuzzgbz5j8b71.png?width=661&format=png&auto=webp&s=cbfea98c3b9b93ee84c90b4e4ab6066049c67b44) + +Edit 5 3:50 + +Bullish Reversal + +https://preview.redd.it/ffq0meybg8b71.png?width=1637&format=png&auto=webp&s=232b168473c6ece81a0f1e4e3edfb24130366c2e + +Edit 4 3:47 + +The final short ? 25M in ITM puts bought today. Hodl. + +https://preview.redd.it/nj126quof8b71.png?width=1630&format=png&auto=webp&s=870493993ab300f7766b155a026d1ede0e782da6 + +Edit 3 11:49 + +ITM puts keep racking up they are trying very hard and spending lots of money to push the price down today upcoming FED meeting and overall market downtrend aren't a huge help here either + +https://preview.redd.it/iw423emf97b71.png?width=1634&format=png&auto=webp&s=0713dcd93c5d6044392662fb1ea6d9879e432cc3 + +Edit 2 10:48 + +Market's on a downtrend looks like a red day but we had an ok bounce at 175 that pattern I found earlier on the ADX looks like we could have another down day or 2 before moving up. + +https://preview.redd.it/guzvyudky6b71.png?width=1635&format=png&auto=webp&s=8ba3e60f37cb12d09e3fc5200458544cc1fe332f + +Edit 1 9:45 + +Little opening dip in the first 15 volume looks better today though + +https://preview.redd.it/vwwws0n6n6b71.png?width=1640&format=png&auto=webp&s=59d72db86806b70594074265e9f9dfdf33b5029e + +# Pre-Market Analysis + +Significantly more volume this morning at 26k with 150k shares available to borrow. While we haven't see a lot go on with the stock today there has been an all out whale war going on on the options chain this week as low IV has incentivized long whale to play leveraged positions, I expect this to really pick up today as we get buffeted about MM's attempting to remain [delta-neutral](https://www.investopedia.com/terms/d/deltaneutral.asp). + +https://preview.redd.it/sqolkenqb6b71.png?width=1624&format=png&auto=webp&s=c522825572751db399bd471b7fe7f96e7fd342a9 + +https://preview.redd.it/j55s6umhb6b71.png?width=847&format=png&auto=webp&s=935ed6976e2950ed5d55279e6022408264b2f652 + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Basically the title. + +Ukraine requested Starlink access to defeat Russian attempts to disconnect them from the net. + +Musk responded that service is now online, and "more terminals are on the way", suggesting terminals had already been delivered. + +Now as we know, Ukraine is being attacked by Russia, and Russia warned against intervention. Well, Musk just intervened. + +This likely invites backlash from Russia, and their allies against TSLA doesn't it? +Just wanted to flag my thoughts on Nest for who are considering pension options, or are placed with Nest but haven't given it too much thought. + +TLDR: + +\- Nest doesn't provide a diversified 100% global equity option- Nest makes the transfer process very complicated- Charging 1.8% of all contributions is rather expensive + +&#x200B; + +My partner's workplace signed her up for NEST Pensions. + +Little did we initially know that the original fund is a diversified fund, in terms of asset classes. Hence, it has a non-immaterial fixed income proportion, typically for people in their 20's. Shockingly, the equity proportion is less than 50%... Nest calls this the Foundation Phase, where they aim to avoid sharp drops and aim to increase the value of your pension merely alongside inflation. In other words, you're missing out on compounding in the most valuable years of your savings. She lost out on substantial returns over the last 3-4 years as a result. + +After 5 years in the Foundation Phase, you're transferred over to the Growth Phase. You'd think the growth phase would come with a swap to a 100% global equity approach? Nope.. The standard Growth Fund is still made up of 25% fixed income, as well as some bits and pieces in other asset classes, such as commodities (!) and listed property. + +You'd think they would allow you to easily monitor the performance of their actively managed platform fund? Perhaps against standard equity benchmarks, such as the MSCI World Index? Wrong again, their benchmark is merely CPI +3%.... Not particularly hard to beat... + +In fact, the 5 year annualized returns of their Growth fund at 9.8% (Mar'21) is substantially lagging the MSCI World Index at 14% (as of Apr'21). + +You could always swap to their Higher Risk fund. 100% equity right? Wrong again. 29% is in other assets, including about 20% in fixed income. Hence, returns are again lagging with 5Y annualized (Mar'21) at 11.5%, below the MSCI WI at 14% (Apr'21). + +The only option to go long 100% equity is with their Sharia fund. However, this fund is rather concentrated, with 25% of total in Apple, Google, Facebook and Microsoft. And there's very little available information as to their selection process. Perhaps not what you'd like after a decade of growth outperformance and ongoing market push towards value shares? + +Additionally, a charge of 1.8% of all contributions appears rather expensive. + +My partner eventually wanted to transfer her balance to her new job's pension fund provider, Scottish Widows. Unfortunately, this has proven to be extremely difficult. Nest's transfer out process is a mess. We had to argue with them to have them accept copies rather than a physical copy of the passport as ID. They also require very specific documents stamped by persons of certain authority. Once these have been provided, they have merely ignored the documents and sent letters requesting the exact same documents yet again, with no explanation of why the docs weren't approved. We later heard that it in fact took them more than a week to realize that the docs had arrived, and they hadn't verified them .. + +Trying to call to talk to a person isn't easy either, their line does not provide an option to discuss a transfer out of Nest. So when you hold the line and eventually manage to talk to a person, they have on occasions told us that we're on the wrong sub-line, and they would transfer us onto the correct line. Just for us to be transferred back to the original place, stuck at the back of the queue again, in a loop.. + +Now, if you don't want 100% equities in your pension, then this might be appropriate for you. However, the lack of the optionality of a 100% equity fund, with the exception of a highly concentrated and vaguely defined fund, is rather disappointing. It would cost them very little to provide a standard, simple Global Equity Index fund. + +Nest funds breakdown:[https://www.nestpensions.org.uk/schemeweb/nest/aboutnest/investment-approach/other-fund-choices/fund-factsheets.html](https://www.nestpensions.org.uk/schemeweb/nest/aboutnest/investment-approach/other-fund-choices/fund-factsheets.html) +I am female and have an interest in all things financial. +I noted, over the years that, be it a well respected journal or a magazine or financially focused book, if the audience is female, the advice focuses on playing it safe, balancing the checkbook, no risk taking and so forth. +Whereas, if the audience is male, the advice is often to invest, play big , take risks, use credit ( which was essentially generated to help those who were not generationally rich to access funds for such things as funding a business. +Why is this ? I have my theories. +I recently met a lady who started a business. It was growing. In terms of clientele, marketing and so forth. But she had yet to break even and of course, the profitable side of it was slow but it was obvious, with the trajectory she was on, this was coming and soon. +But she balked and with advice from husband, closed up shop because she hadn't made a profit in the six MONTH that the business was trading. +Women seem terrified of credit and minor financial losses. Yet, this can be part of the ebb and flow of business. +I would love some responses from women and how they overcame this socialisation, bias or whatever label you prefer. To become successful often requires patronage , which is also difficult for women to obtain. Often our legitimate products are laughed at and yet, they do well. I can think of three women, one personally known to me, who failed to get credit , even with a stellar plan and some funding and who went on to launch and maintain a very successful product. +It'd be great to drop my $953/month mortgage for my $2,400/year dividends. I know there would be taxes to pay for selling stock but to pocket that mortgage amount each month seems like a no-brainer. I do understand that stock returns can outpace my 4.5% mortgage rate, but to drop that mortgage makes so much more sense. Can r/investing provide me some insight I may be missing on this decision? +I'm planning to move to the Boston area in about a year and I would like to purchase a house when I get there. + +The job I have lined up, if the world doesn't crash and burn again, would pay about $55k. I have about $20k in saving and I suspect I could probably save another $10k by the time I leave. I do have school loans totaling about $70k and I have zero credit card or other type of debt. My credit score was around 720 last time I checked. + +From looking at current listing, the houses I prefer are around $500k and some have some special program I'm just learning about that allows only people that are in the medium income of the area to buy them. I know very little of this program though and don't know if it will affect me in anyway. My long term girlfriend will most likely be moving with me and she would be looking for a job but I'm not depending on that just in case. I'm open to renting rooms and I have friends in the area that would be interested if I go this route. + +Is this a realistic goal for me or should I re-adjust? Is there something I could be doing during this year I have left to make this easier? + +Any information would be appreciated. + +EDIT: thank you all for your response. I think I should offer more details for a better picture. + +I understand $55k is low but unfortunately that is the national standard for my position (NIH postdoctoral fellow). I'm definitely not moving for the pay but more for the opportunities that working in Boston will give me. I'm currently living in Texas and while $55k goes further here, it still not much. + +I was definitely thinking of renting rooms out to help with the monthly payments and expenses, but like many of you mentioned, the problem would be the bank not giving me the loan. + +I own two cars and would be ok selling them but that would probably get me about $15-18k as most. + +I would prefer to not use my savings to pay my school loans as I could work that off another way. + +I just started looking into this and that's why I'm so naive. I figured posting my best case scenario here and letting people take it apart would show me where the weakness are and work from there. +I can't find the original post unfortunately, but someone had downloaded the MOT pass data from [gov.uk](https://gov.uk) and created a little graph showing MOT pass rates over time. They only did it for the Ford C-Max though, and I thought data like that would be useful for people looking at buying any second hand car. So I created [ratemyride.info](http://ratemyride.info) which aggregates around 40 million MOT results from 2017 into nice little graphs like this one: + +[http://ratemyride.info/assets/img/fiat-500-graph.png](http://ratemyride.info/assets/img/fiat-500-graph.png) + +I hope you find it useful and happy to get feedback on the idea too! +I haven't looked at my 401k because I'm sure it's not pretty. But I started thinking that maybe this is a good thing? Won't my weekly payroll contributions be spent buying low and then when the market recovers my 401k will reap the benefits? +Hi all, + +I'm curious to hear your thoughts on how you think the forced work from home will impact our major cities. I know my company and many others are almost certainly going to allow ongoing WFH (post COVID) anywhere from 1 to 4 days a week, depending on the role. Even if it ends up with the average CBD office employee only doing one day per week from home, that's 20% less office people in the city everyday. + +Some of my own thoughts: + +* Does this mean we'll need 20% less food service buisnesses, bars, other retail? +* Many will shift sales to online but does that mean you need to pay high city rents? +* If \~20% of these stores close, will commercial (and office) rental drop? What are the longer term impacts of this? +* Does this then impact non office jobs which support said offices? +* Will we see reduce demand for inner suburbia property? +* Will smaller properties (i.e. without a work from space) see less demand? + +I feel like all these things will have longer, ongoing ramifications I haven't consider and am keen to hear your thoughts. +&#x200B; + +Fun Fact: He owned 49% of Microsoft at IPO and slowly divested over time + donation to his foundation. + +&#x200B; + +Microsoft today has a 1.6 trillion market cap. + +&#x200B; + +2+2 = $800 billion + +&#x200B; + +Thus he would have absolutely destroyed Jeff Bezos's $190 billion +I am taking home roughly 24k a year after taxes (also have been considering a second job) and have been considering buying some property and building a small one bedroom tiny house on it. I could snag a piece of property where i live for around 5-10k, and i assume 40-50k would be enough to build what i need. Although there is a lot of research i need to look into before going down this path, i thought it couldnt hurt to ask and see if you guys think this is a smart move for me. I live a pretty minimalist lifestyle, dont go out much, and dont really splurge with my money on things i dont need. I am currently living with my parents, and i really want to get out although my mom doesnt want me to move out AT ALL. My bills are very minimal. I have no car payment and only really have to pay for car insurance, phone bill, food, and some money towards my parents for staying at home. + +Do you guys think this would be a financially smart move on my end? + +Is there any advice you would like to offer me? + +If this is a bad idea, could you explain why? +Let's talk about F.U. money. What amount does the community consider this to be at 30 years old in the U.S.? + +I understand someone can purchase a $3M Bugatti, $65M G6 jet or $75M mansion in Miami, but let's exclude these large outlier purchases for example's sake. + +How much on average across cities like NYC, SF, Boston, DC, Austin, Atlanta do we consider F.U. money to be at 30? $10M, $30M, $50M, $100M+? +&#x200B; + +||2015|2016|2017|2018|2019| +|:-|:-|:-|:-|:-|:-| +|[BB.TO](https://ca.finance.yahoo.com/quote/BB.TO?p=BB.TO) stock price end of year|12.84|9.24|14.04 1|9.71|7.36 (-30.84% compare to start of 2019)| +|John S. Chen/Executive Chairman of the Board and Chief Executive Officer|3,420,682|3,011,325|3,017,095|3,013,500|109,579,950| + +Edit: He own 5,320,923 shares which is worth 39,268,411.74‬ CAD today. At least he is not selling. + +Edit: Found the contract. apparently he would have made more if the stock would reach 16 CAD. + +[https://fortune.com/2018/03/15/blackberry-ceo-pay-john-chen/](https://fortune.com/2018/03/15/blackberry-ceo-pay-john-chen/) + + Under the [new contract](https://globenewswire.com/news-release/2018/03/15/1437995/0/en/BlackBerry-and-John-Chen-Agree-to-Contract-Extension.html), Chen is entitled to the same $3 million salary and bonus per year as his prior contract, or a total of $15 million. He also gets 5 million restricted stock units that vest 20% per year and another 5 million units that will vest if BlackBerry’s stock price reaches $16 to $20. The 10 million units are worth $132 million at Thursday’s midday price and could be worth even more if the stock keeps rising. Chen will get an additional cash award of an undisclosed amount if BlackBerry’s stock hits $30. (The amount will be disclosed in May securities filing, the company said.) +i realize this is my own bias, don't think I'm a prophet or anything, but all my friends/fam are saying they are going to party/travel/indulge when all this is over. Wouldn't it be smart to invest in like booze companies right now? Or travel/entertainment etc... Obviously no one knows for sure but seems like a smart move. +Im wondering how people on this board feel about Alimentation Couche Tard. When i looked at their data, i saw that the price of share hasnt gone up for the last 2 year, failed acquisition drove their price down significantly, the lock down had major impact on the business they do. Now looking forward, gaz price going up, major share buy back by insider, country reoppening and earning report that should be ok considering the situation. + +Would you say ATD will outperformed the index this years? Do you see them as a growth stock? +Can someone explain the spin from pundits, and the coverage on Bloomberg and WSJ ? + +They aren't saying that people are selling their shit 10-year Treasuries. They say "Bond Yields are rising." + +So, they claim, because "bond yields are rising" people are selling NASDAQ. But clearly not to buy Treasuries, since the are falling in price due to people SELLING them. + +It's like they don't want to admit that people are shifting to cash. + +Or, they are part of the group trying to push Powell to raise rates. +I've applied for two mortgages based on really low advertised rates. When I talked to the lenders, they said based on my credit, income, assets, etc., I am a top tier borrower. However, when I applied for both loans, the rate they offered me was significantly higher than their advertised rates. + +I asked the lenders how I can get the advertised rates, but they get really wishy washy about it and don't explain how I can qualify for those rates. + +Could someone explain how mortgage rates work, and if there's any way to actually qualify for the low rates lenders advertise? + +Edit: + +Thanks for the advice, everyone. I think I have a clearer picture now of how the process works. +The past few years have been a total pain in the @$$ and I've finally had enough. + +If one hour customer service call times were not enough, they have no way to open support in the app for most cases, unless it's change pin or change address and trival stuff. + +For the past five years they have been blocking my payments to crypto companies. They say it's to prevent fraud, but of course we know that it's really because they don't want customers parking their money outside of their system and use the anti-fraud stuff to scare people. It's correct that a lot of fraud happens with crypto, but I am talking about buying from legit companies that are registered and surely their fraud department must have enough people calling up to inform them that this is a company they trust and want to do business with. + +Anyway, so I've had to call up at least ten times to clear the same two websites over and over, sitting on hold for an hour then on hold for another hour just to beg these people to let me spend my own money. If inalrewsy cleared it? Why do I need to clear it again and again?. The last time I'm called, after two hours on hold, fraud department keep asking me questions for an hour, wanting to know every little detail about my online activity. + +Another occasion, my father had a failed online transaction to buy items online with his card, I tried my card and it failed too. Next day there was £4000 taken from my account and £6000 from my dads, this is for a £250 order. We contacted the company and they said they received nothing. Called Halifax and they said they have no record of it, this room weeks of back and forth, on hold for an hour each time before Halifax finally owned up to their error and refunded. + +This week, last straw, waiting three days to make a bank transfer out of halifax and still not received anything, now I'll have to call and do the whole rigmarole again. + +I will be instructing all payees to pay me into revolut. So far no hassles with them, only time I had an issue, sent an email, and got a friendly response within hours. I'll be using this along side Defi platforms from now on. Defi gives me more interest than their lousy 0.5 % apr anyway. Jokes +Hello, + +I'm not sure about any of you but sometimes in my down time I find myself scrolling through Tik-Tok. All I see on Tik-Tok is clearly non-wealthy people with $5 haircuts and Cartier glasses talking about how life insurance is a secret of the rich and you can borrow from your whole life policy and that this is what nobody wants you to know and so on. And I'm thinking to myself, you can borrow from your portfolio, get a HELOC, and even borrow money on material possessions if you really need to, lol. + +I have quite a few of very very wealthy friends, $500m+, and they all say they don't do that at all. + +I totally get the point of having life insurance in-case you die, but to get it for a "wealth growth" strategy.. I don't think so. Put the thousands of dollars you'd put into a policy, into the markets and borrow against that - atleast that's what I would do. + +Does anybody here have insurance to borrow against? Or do you just have it for your family? And also, do you know any wealthy people who have it for the sake of borrowing against it? +Hello all! I recently have felt the urgency of my situation. So as it stands I'm 36 with no savings, no retirement, and a $16,100 personal loan (consolidating credit card debt), and $3,200 on a single credit card. Where the hell do I begin? I made a budget to track spending. Additionally, I currently make $70k /yr at my job. ANY advice is welcome... +Edit: The comment sections exploding! + +**Nervous breakdown ahead...** +- + +I won't even mention the ticker. We all know it. That ticker that we thought was going higher. We were told it was going higher. We did our calculations what we'd make. The cars. The gratification. The success. + +All gone in minutes. + +Things changed. The mood took a dark turn. What was once the blissful opportunity to make money, all gone. Sweating. Shaking. Heart pounding. It's all over. The dream of a blissful prospect, vanished. Facing an avalanche of desperation. + +A total meltdown. + +We are to blame. We caused the problems everyone complains about on this subreddit. People are losing their minds over this. I read one person was "having a painful heart attack after that trade." + +This kind of gambling is literally killing people. We are to blame. We are shamelessly promoting gambling. + +**Onto the other side of the mountain...** +- + +You've been gamed. Taken into a place that you'd never expect. You fell for a trap. You know it was risky. You also knew you could've won had the luck been in your favor. + +You are stranded. It's dark. You don't know where to go. Backwards, forwards, but what is forwards if you don't know where you're going anyway. Every direction is failing. Why can't everyone profit? + +**Alarm ringing** +- + +5 years has now passed since that time in your trading history. It's a nice day out. Beautiful blue skies. Nice weather. No Lamborghini in sight. + +Ready to start trading, you check your favorite subreddit. + +This time, you read people getting excited over another pennystock, and you've learned to never make that mistake again. Now with a grin on your face, you'll read the influx of newbies happily playing slots. You also used to play slots, but you've learned the money is in becoming the house. + +Not only does a strategy have to proven as NOT RANDOM, but it has to be proven over a long-term period. + +You are now the house. + +I never traded the ticker. +This can be created as an NFT itself, some mad-lad downloaded all the JPEGs on ETH and SOL network and then uploaded them on a torrent. + + +I can’t even begin to imagine how he uploaded 19 TB of JPEGs + +He even tweeted from he got all that space to store these NFTs + +https://twitter.com/geoffreyhuntley/status/1461332618578849793?s=21 + +Tweet: Rented a bare metal server at $200/AUD a month to pull this off. Got 4 x 10TB sata disks in RAID0. Worth it. + +Torrent Link: https://thenftbay.org/description.html + +Since it’s a torrent so download it on your own risk please I got it from Twitter. +As per title I'm very fortunately being gifted approx. £55,000 from the sale of my parents house. +I currently have £15,000 of my own savings just sat in a regular savings account (which I'm also aware is probably not the best place to keep it for returns) and roughly £3,000 in crypto currencies which I plan to hold long term. +My girlfriend owns her own home (with mortgage still to pay) and we are happy here at least for the next 5 or so years and I have no major expenditures planned aside from maybe a new car in the next few years (nothing outrageous though), I might also lease this as I can get a discounted electric car lease through a work scheme. +Just after some advice really on how to manage this large sum of money, this is my first post on the sub so happy to give more details or answer and questions if it helps to give advice. Thankyou all. + +**Edit:** Thank you all for the advice it is very much appreciated, I have taken on board all the comments and will be researching into it all and discussing future plans with my SO. Thank you again UKPF, I'm a saver at heart so it won't be going to waste! +So I'm a 35 year old guy, manage a small biomedical laboratory (the money isn't great) and I commute on the train each day. I have 1.5 hours sat on the train in each direction, with full internet access. Its a quiet train so I don't want to be talking on the phone whilst on there. +Due to my wife being bullied out of her job and taking a lower paid one, things are stretched. We also had to move to an area where there aren't many job opportunities in our lines of work, plus we have a young family, so it's not as simple as getting something new. There must be a way of utilizing this time to make a bit of extra money. Does anyone have any ideas? + +My skills include biology, technical writing, creative writing, and various interpersonal/soft skills. + +I'd be grateful for any suggestions + +EDIT: Wow! What a great response! Massive thank you to all who have replied, I am in the lab at the moment but will reply to you properly when I have a minute +North America segment sales increased 20% year-over-year to $78.8 billion. + +International segment sales decreased 5% year-over-year to $27.7 billion, but increased 12% excluding changes in foreign exchange rates. + +AWS segment sales increased 27% year-over-year to $20.5 billion, or increased 28% excluding changes in foreign exchange rates. + +**Fourth Quarter 2022 Guidance** + +Net sales are expected to be between $140.0 billion and $148.0 billion, or to grow between 2% and 8% compared with fourth quarter 2021. + +This guidance anticipates an unfavorable impact of approximately 460 basis points from foreign exchange rates. + +Operating income is expected to be between $0 and $4.0 billion, compared with $3.5 billion in fourth quarter 2021. +I remember reading long ago that 15:1 was a good P/E ratio for a company. + +I just saw that Disney is trading at 77:1 and who knows about many other high flyers. I understand that some companies are in growth mode, and may not even have earnings, but what about all the others? + +I understand there isn’t just one metric, but spending $77 to generate $1 in earnings sounds crazy. Does it make sense to start by focus on companies with low P/E ratio? +It seems exceptionally logical that copper demand is expected to rise 31% by 2030. New infrastructure, green energy such as solar, and the electrification of the developing world. Copper is very involved in our society today and it certainly could increase in importance. [Mike Gunning of VR Resources breaks down the copper market - YouTube](https://www.youtube.com/watch?v=u0a_ZgquUVE&t=156s) + +On the other hand China is expected to release metal reserves to try and control the market: [China to Release Metal Reserves in Effort to Tame Commodities Rally - WSJ](https://www.wsj.com/articles/china-to-release-metal-reserves-in-effort-to-tame-commodities-rally-11623825424?st=prc9l9s7vjjhqt4&reflink=article_email_share) Do you think this will have a big effect? + +What do you think? Copper bull or bear? +I remember reading long ago that 15:1 was a good P/E ratio for a company. + +I just saw that Disney is trading at 77:1 and who knows about many other high flyers. I understand that some companies are in growth mode, and may not even have earnings, but what about all the others? + +I understand there isn’t just one metric, but spending $77 to generate $1 in earnings sounds crazy. Does it make sense to start by focus on companies with low P/E ratio? +I have a jumbo fixed mortgage at a low rate, under 3%, refinanced a couple years ago. When I refi'ed, I went with a 30-year term. My monthly payment is now half what I'd pay to rent a place like this. (I live in a notoriously expensive US metro area.) + +A friend of mine also refi'ed around the same time and chose a 15-year term. When I asked why, he said "so I could be done with it at a younger age." + +My mortgage was recently sold, and the new servicer is also encouraging early paydowns. + +But paying more principal seems wrong to me. If you can borrow at under 3%, why wouldn't you want to extend that as long as possible? That seemed the case to me in 2020 when it was clear that both interest rates and inflation were about as low as they could be, and it especially seems the case now that rates AND inflation are a multiple of what they were then. + +Aren't you better off extending the term, minimizing payments, and investing the money in something other than your home equity? + +What am I missing? +He is several years in arrears and his house may be put up for a tax lien sale. Rather than buy the lien, which might be illegal for collusion, I propose to lend him the money, secured by a private lien on his house, so he can redeem the property himself. He will have some additional income next year and following which will allow him to keep up with the tax payments. Do you see any problem with this? (other than the risk of him not paying the taxes in the future). +It’s 1400sq ft office with 20 parking spots surrounded by a metal gate. Realtor thinks I can rent it for 2k-2.5k. We don’t know yet because we haven’t tested the market. It’s been in personal use since we bought it. Should I sell it and take the sub 300k cash to sit on and cross my fingers the market crashes or lease and leverage it later? +Last night my dad attended a meeting with a company named Tradewings. I don't know any details but they asked to front 3.5 lakhs to buy a franchise and they will give back 10k per month for 36 months. The catch is they will be giving tips on how to make 3000 bucks every day on some MCX or something which is open from 9am to 11pm. I am pretty sure this is a MLM scam. He is somehow stubborn on this. Please tell me how to convince him to not put money there. Are they any ways to check if the company or scheme is fraudulent? And Amy good questions to ask the company which will prove this is mistake. Is there any proof from a source saying this company is fraudulent or known for illegal marketing or money-making? +It seems like a really good company. Its management is good. Owned by the TATAs. But, one thing that continues to bother me is that the promoters hold only about 30% of the company. As far as in the past as I can check, they've always held 30%. + But, why so? +So just got into covered calls recently. I purchased 600 shares of RIDE for an average cost of 9.76. + +I wrote 5 calls on Monday expiring yesterday for 0.90 with 10$ strike. So that would br 450$ in premium and 120$ of stock movement because I will be assigned at 10. + + I wrote another call few days later and sold that at 0.31 10.5$ strike. So that's 31$ premium+74$ (stock movement/assignment. + +It closed at 10.65$ on Friday. So that's 575$ I made on covered calls for a total cost of 5,856$. That's a 9.8% gain in 5 days. I know the stock can dive and I'll either have to keep writing covered calls on it until it comes back up or cut my losses but is this normal? To see this amount of gains like this? I also made about $400 on 300 shares of a different stock doing same thing. I though covered calls were low risk low reward, and these gains were not seen on weeklies? I sold 1 strike OTM each time so I know that premium will be higher but damn I can't pass 900$ a week up. +My SO and I are just learning this after two years of filing taxes. I'm in school full time and only work odd jobs now and then while my SO works full time. Two years now we've had to pay in taxes to the IRS, but this year we can actually get a refund. + +[Source](https://turbotax.intuit.com/tax-tools/tax-tips/Family/Can-I-Claim-a-Boyfriend-Girlfriend-As-a-Dependent-on-Income-Taxes--/INF14242.html) + +EDIT: As one user pointed out, you have to have lived with your SO for the entire year for this to apply. +Hedge funds are probably confused on why we don’t sell when it’s low and instead buy more. WE ARE RETARDED. I literally have my CAR in GameStop and I don’t fucking care. Please, bring it to $50, I’ve been meaning to get my average price down even more. At the end of the day, it doesn’t cost me anything to hold. It costs them hefty interest and they have to go home every night to their ugly wives and explain why their fund is down billions everyday. I must be a bad car salesman because I’m not selling shit 💎 🙌 + +Edit: thank you all for the awards but just go and buy GME instead ( not a financial advisor blah blah blah ) +Tesla said Friday it delivered 139,300 vehicles in the third quarter, and produced 145,036 vehicles. + +As of Wednesday, analysts expected Tesla to report deliveries of 137,000 vehicles over the last three months, according to a consensus of analysts surveyed by FactSet. (Their estimates ranged from 123,000 at the low end to 147,000 at the high end.) +When I joined this subreddit, JEPI was a hot topic. But, I hardly see anyone recommending it anymore. With about 1% ROI every month right now, what do you guys think, is JEPI still worth purchase or it would be "laggers" decision? +First, some info on me. I'm 19 been investing since my 18th. I am currently a full-time student with a stable part-time job I work during breaks/holidays. My portfolio consists of mostly dividend stocks, as well as some growth/value ETF's. I am also not one to why away if I find a non-dividend stock on sale. + +As of now I am capable of investing roughly $1000 a year. My question is, is it that really worth it? + +After graduating with a degree in mechanical engineering I will most likely start with a salary of 60k (pretax) while still being able to live at home. I predict I'll invest roughly 35% of my income, 21k. + +Is it worth investing now and starting that snowball early or is it insignificant considering in 4 years I'll be able to invest 20x more. + +Should I stick with investing $1000 a year until then, or should I spend my current cash on things I want? + +This is also best case scenario. I come out of college and quickly find a job at a decent salary, and I am ignoring the possibility of emergency because I already have 10 months expenses saved. I would also like to close with the fact that if I do begin spending rather then investing while in college it won't be on frivolous things, I would most likely spend it on tools/things for the future. + + + +Thank you for your time. I am young and an aspiring engineer so not the best at the whole words thing quite yet. +My best advice would be that if you are with a bank that charges monthly fees you should join a credit union. I personally use Alliant for a checking and savings account but you can look into your local ones. I have personally had too many times when I've had 8 dollars in my bank account and the monthly fee would come through and I'd have to also pay an over draft fee. + +Also, more advice is that I've learned if you're hit with an overdraft fee call your bank and ask if they can reverse it. When I learned most will do this I've saved so much money and stress. +I didn't grab the screenshot from the Alert from my mobile unfortunately, and then I thought I was crazy or maybe the similar articles from yesterday were cached after I clicked and there was a different headline (the word "ATTACK" pissed me off immediately). By the time I clicked on the article, this is what it said: + +&#x200B; + +[Pretty nice adjustment Sozzi](https://preview.redd.it/tlkbzqa256m81.png?width=616&format=png&auto=webp&s=be8b596a0ba6b5e2a6c013fb7580c859e8f91e76) + +They cleaned that shit Alert title up quick right? Brian Sozzi (@BrianSozzi ), Anchor and Editor-At-Large for ~~Apollo~~ Yahoo Finance, has written two separate articles in the past 24 hours with the word "ATTACK" in the title. The one today had the word ATTACK blasted across the Yahoo Finance mobile app as an alert, then was quickly adjust to something different after the subliminal message was sent by a Yahoo editor. But I was like shit, maybe I can go to DDG and see if it was cached or something. No results. + +&#x200B; + +So I decided I would try to use Google, even though it pained me. And lo and behold, there is that fucking article title: + +&#x200B; + +[ATTACKED!](https://preview.redd.it/lm55xhnn56m81.png?width=677&format=png&auto=webp&s=1b88666100ad1e58ce38c6634ffa87072bca2dff) + +Turned into: + +[fuckers ](https://preview.redd.it/t5cyk45p56m81.png?width=937&format=png&auto=webp&s=a9bb934780495c89f6548b6fb8ced14d989a2ba0) + +BUT WAIT!! HOW COULD I PROVE THIS FOR THE DOJ? Well, those fucking retards forgot to adjust the original URL of the hit piece: [https://news.yahoo.com/bed-bath-beyond-gets-attacked-by-activist-who-agrees-with-game-stop-chairs-plan-115519580.html](https://news.yahoo.com/bed-bath-beyond-gets-attacked-by-activist-who-agrees-with-game-stop-chairs-plan-115519580.html) + +There's the word "ATTACK" clear as fucking day, to describe Bloodbath and Beyond two different times in 24 hours by the same douchebag. It's in the goddamn URL. No need to click it either, but I would kindly ask that you send it to the DOJ please. Kindly asking. These fuckers are manipulating the market and ARE NOT PROVIDING FREE, UNBIASED INFORMATION FOR THE PUBLIC. They are steering your wallets through their headlines, and it has to stop. As an American, this disgusts me. It makes me think a media revolution has to happen, as we are so far away from what our forefathers intended and fought for with this petty ~~Apollo~~ Yahoo Finance bullshit every day. It has to stop. + +&#x200B; + +https://preview.redd.it/lzmx6aas56m81.png?width=411&format=png&auto=webp&s=7665f36059e941088a933cabc5556c6216608a72 +Am I f^kn dumb with crap internet or can anyone else not go on the subreddit? + +Says that I can’t allow access to the page cos itsss been deleted or something.... + +Have I been banned from Dave and Busters? :( + +Thanks in advance + +Edit - back up ! I look like a dummy posting this now, lol.. I’ll still keep it up for fun ! + +Edit 2 - have a nice night everyone! :) +>“I wish all this passion and energy that went to crypto was directed towards making the United States stronger.” + +>“It’s a jihadist call that we don’t believe in the dollar. What a crazy concept this is that we as a country embrace so many bright talented people to come up with a replacement for our reserve currency.” Citadel Founder + +Also interesting: Citadel has paid over $800,000 in speaking fees to current anti-Crypto secretary of the treasury Janet Yellen. + +The more such people are against Crypto, the more I am supporting it. It is clear that bankers want a big centralized U.S. Dollar to abuse, more reason for me to be against it. +Guten Tag to this global band of Apes! 👋🦍 + +Inflation continues to rear its transitory head, completely skipping 6.9% and going straight to 7.0%... how inconsiderate. I don't believe that anyone expected less than that, it is still difficult to see the *gently massaged* numbers that show just how much less your money will be worth next year. However, Apes seem to be immune to worries about the buying power of future tendies - what matters today is what we can buy and DRS before the MOASS. + +Speaking of which, I continue to be impressed by the rate that Apes are DRSing shares. It doesn't seem like that long ago that we were passing 1m shares registered with the bot, and now I see that we've collectively passed 1.5m shares. I'm not sure if it's to try to maximize the numbers before the end of the quarter, in the hopes that GameStop continues to include the DRS count in the quarterly reports, or if it's due to the astonishing level of FUD and manipulation that is being directed at us. Whatever the reason, I am thrilled by the momentum that we've generated. The victims of Kenneth Griffin's crimes may not disturb his sleep, but you can be certain that his slumber is haunted by spectres in the form of purple circles. + +Today is Thursday, January 13th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$126.70 / 111,44 €** *(volume: 677)* +- 🟥 115 minutes in: $126.56 / 111,31 € *(volume: 663)* +- 🟥 110 minutes in: $126.66 / 111,40 € *(volume: 649)* +- 🟩 105 minutes in: $126.68 / 111,41 € *(volume: 649)* +- 🟥 100 minutes in: $126.65 / 111,39 € *(volume: 643)* +- 🟩 95 minutes in: $126.79 / 111,51 € *(volume: 633)* +- 🟩 90 minutes in: $126.73 / 111,46 € *(volume: 625)* +- 🟩 85 minutes in: $126.72 / 111,45 € *(volume: 621)* +- 🟥 80 minutes in: $126.70 / 111,44 € *(volume: 581)* +- 🟩 75 minutes in: $126.73 / 111,46 € *(volume: 580)* +- 🟩 70 minutes in: $126.68 / 111,41 € *(volume: 574)* +- 🟩 65 minutes in: $126.63 / 111,38 € *(volume: 447)* +- 🟩 60 minutes in: $126.48 / 111,24 € *(volume: 336)* +- 🟥 55 minutes in: $126.46 / 111,22 € *(volume: 323)* +- ⬜ 50 minutes in: $126.48 / 111,24 € *(volume: 321)* +- 🟥 45 minutes in: $126.48 / 111,24 € *(volume: 319)* +- 🟥 40 minutes in: $126.53 / 111,29 € *(volume: 315)* +- 🟥 35 minutes in: $126.55 / 111,30 € *(volume: 305)* +- ⬜ 30 minutes in: $126.58 / 111,32 € *(volume: 294)* +- 🟥 25 minutes in: $126.58 / 111,32 € *(volume: 294)* +- 🟥 20 minutes in: $126.62 / 111,36 € *(volume: 278)* +- 🟥 15 minutes in: $126.63 / 111,38 € *(volume: 254)* +- 🟩 10 minutes in: $126.66 / 111,40 € *(volume: 254)* +- 🟥 5 minutes in: $126.62 / 111,36 € *(volume: 250)* +- 🟥 0 minutes in: $126.72 / 111,45 € *(volume: 120)* +- 🟥 US close price: $128.06 / 112,63 € *($127.99 / 112,57 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.137. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’m using betterment right now but they charge $300-$400/hr just to talk to a financial advisor. + +I heard Charles Schwab provides you with a free financial advisor. I’m curious how they’re able to provide that for free but betterment charges you? + +Also are there better services compared to Schwab that I should check out? +https://www.cnbc.com/2022/12/14/sec-charges-social-media-influencers-in-alleged-100-million-fraud-scheme.html + +The Securities and Exchange Commission charged seven social media influencers with using Twitter and Discord to commit securities fraud and an additional influencer with aiding and abetting the alleged $100 million scheme, the agency announced on Wednesday. The seven charged with securities fraud used the social media platforms to manipulate exchange-traded stocks in a scheme going back to at least January 2020, the SEC alleged. Through widely-followed Twitter accounts and stock trading chatrooms on Discord, the defendants allegedly “promoted themselves as successful traders,” according to an SEC press release and allegedly encouraged followers to buy stocks that they also purchased. + +But they did not disclose to their followers while promoting those stocks that they allegedly planned to later sell shares once prices or trading volumes rose, according to the complaint. The influencers allegedly gained a profit by pumping the stock prices and then selling once they rose, earning about $100 million in total, the SEC claims. The eight also face criminal charges from the Department of Justice’s Fraud Section and the U.S. Attorney’s Office for the Southern District of Texas. Each of the defendants had well over 100,000 Twitter followers as of this month, the complaint states. One of those accounts, @PJ_Matlock, run by Texas resident Perry Matlock who calls himself the CEO of Atlas Trading, no longer exists as of Wednesday. The other primary defendants accused of securities fraud (and their Twitter handles) are Edward Constantin (@MrZackMorris), Thomas Cooperman (@ohheytommy), Gary Deel (@notoriousalerts), Mitchell Hennessey (@Hugh_Henne), Stefan Hrvatin (@LadeBackk) and John Rybarcyzk (@Ultra_Calls). Daniel Knight (@DipDeity) was charged with aiding and abetting the alleged scheme, in part by co-hosting a podcast that promoted some of the primary defendants as expert traders. The SEC alleged Knight also traded with the other defendants and saw profits from the scheme. + +Some of the defendants’ Twitter bios include disclaimers at least as of Wednesday that appear to try to mitigate their legal risks. For example, Constantin’s account says “All my tweets are just my opinions. I’m still not a financial advisor. Parody account.” Hennessey’s says, “Everything is my opinion.I actively trade positions.Not a pro,Not Financial Advice,probably do the opposite.” Rybarcyzk’s reads “DISCLAIMER: My tweets are NOT recommendations to enter a stock. - Ideas shared on Twitter are NOT buy or sell signals. DO NOT TRADE BASED ON SOCIAL MEDIA.” Knight’s bio says, “don’t buy/sell off my tweets EVER.” +My wife and I have been married 17 yrs. I am 40 yrs old. We have two teenagers and a 9 year old. + +Net worth is $3.2mm. Annual salary with bonuses is $160k. In addition, I have real estate income of $123k. + +The real estate is all paid for. The only debt I have is $475k on my house. All of my assets, other than $250k in cash, is in real estate. + +I have $1.5mm in private equity at the company I work for (not included in net worth above because I am not vested), but it could go to zero or it could go up a lot over the next few years. If I leave now, that equity will be worth zero. + +I do like my job, but it is very busy. I worry I am not doing enough with my kids who are growing up fast. I also worry I am not diversified enough and should start piling money into equities. What would you do? +Just a young ape here who really wants to do his part in the fight against climate change and can’t wait to finally have the money to do something about it! This is why I hodl. +I spoke with a representative from Vanguard this morning regarding the split and at first he said it was a normal split and wasn't sure where I was getting my information on the split as a dividend and asked me where I was getting my information. I referred him to the investor relations page and was put on hold. + +The rep then informed me that **Vanguard treated it as a forward split** and that "*It's gonna work out to be in essence the same thing*." When I told him that no, they're not the same thing, he put me on hold again to speak with someone else. + +[He was convinced the split type didn't matter, but also didn't know the difference](https://preview.redd.it/p9qr2ghyfig91.png?width=1080&format=png&auto=webp&s=1024644d110bf10c49a62fc869e23b42a7f5c891) + +[He said that they coded it properly on the backend, but he didn't know what codes they were. He didn't think the \\"big end\\" \(i.e. DTCC\) would make a mistake like that](https://preview.redd.it/f1prpghyfig91.png?width=1080&format=png&auto=webp&s=6259cbf9163959eeef394f6333aa84ffde99e292) + +Basically I was on hold on and off while he got more information when I asked questions he couldn't answer. I was able to screenshot some of the call, but words were transcribed incorrectly and some was not reported at all as Android stops the transcript when you're put on hold and will not resume until you tell it to. + +Overall I was told basically what everyone else was. I asked to speak with a supervisor or compliance, but was told to do so via the message portal. **I have created a very detailed letter to Vanguard requesting a copy of the call audio as well as additional information regarding the coding of the split**. Hopefully I hear something soon! Depending on my response, I may submit the response to the SEC for further action. + +[1st page of the letter less my name and account info](https://preview.redd.it/iqbe81b0jig91.jpg?width=526&format=pjpg&auto=webp&s=8a947f600c8d198799c92d36e93d2dd661eb1afa) + +[Page 2 showing exhibits, which were attached within the PDF letter](https://preview.redd.it/a7r139msfig91.jpg?width=583&format=pjpg&auto=webp&s=f8ea67c6440ffd858429075678fc067151432576) + +ETA: Confirmation my inquiry was received + +[Confirmation Email from Vanguard](https://preview.redd.it/nermwjwyoig91.jpg?width=614&format=pjpg&auto=webp&s=411d35c203ec0e0c6a754797877e6a033a764c0d) + +ETA2: Sent an email to Gamestop Investor Relations thanks to the suggestion of u/tentingh + +[My email to Gamestop Investor Relations](https://preview.redd.it/2anqspb20jg91.jpg?width=623&format=pjpg&auto=webp&s=f59fea67ca8d36988fe0ff96c3e075c05d00ae89) + +&#x200B; +Throwaway account. + +I'm 30M and about to exit (c$35mm gross). I'm supposed to be happy but have felt pretty listless since agreeing the deal. I figure this is pretty common and know that I'm incredibly fortunate in so many ways to be in this position. The honest truth is that I'm feeling a lack of purpose already with so much of my identity linked to my company. I was probably already a bit lost and this event is just crystallising my feelings. I can literally do whatever I want (after my earn out) and there's something kinda scary about that coming at 30. + + +My question is to others that have been through this point - what helped you get through it (reading, thinking, travelling, etc?). How do you define your purpose as a HNW with no requirement to earn? +Hello Guys, +I am in late thirties and would love to know if any of you guys do Angel Investing in startups and if so how has the experience so far. +I have been investing in startups for 2-3 years now and as its a long game not much to speak in terms of returns other than a good 5x return on one of the startups I invested a small amount in and few losses offsetting this gain as well. +I do have some interesting companies in the portfolio but I am a bit skeptical how they will end up given current economic conditions and dried out funding. +Do you guys use Angel Investing as an alternative investment vehicle and if so what percentage of your networh do you allocate it towards this and how do you manage and mitigate the risk? + +Cheers +^Last ^updated ^2018-01-29 + +**This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information.** + +**There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!** + +---- + +# ⚡What is the Lightning Network? ⚡ + +---- + +## Explanations: + +- [Lightning Network](http://www.lightning.network/) +- [Lightning Labs](http://lightning.engineering/) +- [Lightning FAQ - Audun Gulbrandsen](https://medium.com/@AudunGulbrands1/lightning-faq-67bd2b957d70) +- [Lightning FAQ - Rusty Russell](https://medium.com/@rusty_lightning/bitcoin-lightning-things-to-know-e5ea8d84369f) +- [Rusty Russell's Coding Blog](https://rusty.ozlabs.org/?p=450) +- [Andreas M. Antonopoulos - Mastering Bitcoin](https://masteringbitcoin.neocities.org/#lightning_network) +- [Elizabeth Stark - What is the Lightning Network](https://coincenter.org/entry/what-is-the-lightning-network) +- [BitMEX - The Lightning Network](https://blog.bitmex.com/the-lightning-network/) + +### Image Explanations: + +- [/u/billycoin - Practical use examples](https://i.imgur.com/L10n4ET.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [What is a multisig wallet](https://s3.amazonaws.com/bitcoindesigned-prod/media/what-is-a-multisig-wallet.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [What are the bitcoin timelocks](https://s3.amazonaws.com/bitcoindesigned-prod/media/what-are-the-bitcoin-timelocks.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [Lightning - part 1 - + payment channels](https://s3.amazonaws.com/bitcoindesigned-prod/media/lightning-part-1-payment-channels-v2.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [Lightning - part 2 - + shaping the network](https://s3.amazonaws.com/bitcoindesigned-prod/media/lightning-part-2-shaping-the-network.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [Lightning - part 3 - + going off chain](https://s3.amazonaws.com/bitcoindesigned-prod/media/lightning-part-3-going-offchain.png) + +## Specifications / White Papers + +- [Lightning Network White Paper](https://lightning.network/lightning-network-paper.pdf) - The protocol has changed since this original paper, but covers the mid-level mechanics of the Lightning Network with an emphasis on the smart contracts that make it trustless +- [Lightning Network Summary](https://lightning.network/lightning-network-summary.pdf) +- [Lightning Network Technical Summary](https://lightning.network/lightning-network-technical-summary.pdf) +- [Lightning Network Specification](https://github.com/lightningnetwork/lightning-rfc) +- [Deployable Lightning White Paper](https://github.com/ElementsProject/lightning/blob/master/doc/deployable-lightning.pdf) +- [Scalable Funding of Bitcoin Micropayment +Channel Networks](https://www.tik.ee.ethz.ch/file/a20a865ce40d40c8f942cf206a7cba96/Scalable_Funding_Of_Blockchain_Micropayment_Networks%20\(1\).pdf) + +## Videos + +- [Bitcoin's Lightning Network, Simply Explained!](https://www.youtube.com/watch?v=rrr_zPmEiME) [5:33] +- [The Lightning Network Explained (Litecoin/Bitcoin)](https://www.youtube.com/watch?v=MpfvhiqFw7A) [8:13] +- [Zap: Lightning Network Wallet](https://www.youtube.com/watch?v=dhpg_8D2FPI) (Jack Mallers - Demo Walkthrough) [3:38] +- [Cross-Implementation Lightning Payment on Bitcoin's Mainnet](https://www.youtube.com/watch?v=a73Gz3Tvx3k) (Laolu (a.k.a roasbeef) - Demo) [2:51] +- [Bitcoin Q&A: The Lightning Network](https://www.youtube.com/watch?v=vPnO9ExJ50A) (Andreas Antonopoulos) [7:55] +- [Lightning Network Deep Dive with Laolu "Roasbeef" Osuntokun](https://www.youtube.com/watch?v=b_szGaaPPFk) [48:10] +- [SF Bitcoin Devs Seminar: Scaling Bitcoin to Billions of Transactions Per Day](https://www.youtube.com/watch?v=8zVzw912wPo) [54:40] +- [Bitcoin, Lightning, and Streaming Money](https://www.youtube.com/watch?v=gF_ZQ_eijPs) (Andreas Antonopoulos) [27:38] +- [Bitcoin Q&A: Running nodes and payment channels](https://youtu.be/ndcfBfE_yoY) (Andreas Antonopoulos) [10:14] +- [Lightning Network Tech Talk at Coinbase](https://www.youtube.com/watch?v=wIhAmTqXhZQ) (Thaddeus Dryja and Joseph Poon) [58:11] +- [Elizabeth Stark - Lightning and the Importance of Layer Two](https://www.youtube.com/watch?v=3PcR4HWJnkY) [14:15] + + +## Lightning Network Experts on Reddit + +- [/u/starkbot](https://www.reddit.com/user/starkbot) - (Elizabeth Stark - Lightning Labs) +- [/u/roasbeef](https://www.reddit.com/user/roasbeef) - (Olaoluwa Osuntokun - Lightning Labs) +- [/u/stile65](https://www.reddit.com/user/stile65) - (Alex Akselrod - Lightning Labs) +- [/u/cfromknecht](https://www.reddit.com/user/cfromknecht) - (Conner Fromknecht - Lightning Labs) +- [/u/RustyReddit](https://www.reddit.com/user/RustyReddit) - (Rusty Russell - Blockstream) +- [/u/cdecker](https://www.reddit.com/user/cdecker) - (Christian Decker - Blockstream) +- [/u/Dryja](https://www.reddit.com/user/Dryja) - (Tadge Dryja - Digital Currency Initiative) +- [/u/josephpoon](https://www.reddit.com/user/josephpoon) - (Joseph Poon) +- [/u/fdrn](https://www.reddit.com/user/fdrn) - (Fabrice Drouin - ACINQ ) +- [/u/pmpadiou](https://www.reddit.com/user/pmpadiou) - (Pierre-Marie Padiou - ACINQ) + +## Lightning Network Experts on Twitter + +- [@starkness](https://twitter.com/starkness) - (Elizabeth Stark - Lightning Labs) +- [@roasbeef](https://twitter.com/roasbeef) - (Olaoluwa Osuntokun - Lightning Labs) +- [@stile65](https://twitter.com/stile65) - (Alex Akselrod - Lightning Labs) +- [@bitconner](https://twitter.com/bitconner) - (Conner Fromknecht - Lightning Labs) +- [@johanth](https://twitter.com/johanth) - (Johan Halseth - Lightning Labs) +- [@bvu](https://twitter.com/bvu) - (Bryan Vu - Lightning Labs) +- [@rusty_twit](https://twitter.com/rusty_twit) - (Rusty Russell - Blockstream) +- [@snyke](https://twitter.com/Snyke) - (Christian Decker - Blockstream) +- [@JackMallers](https://twitter.com/JackMallers) - (Jack Mallers - Zap) +- [@tdryja](https://twitter.com/tdryja) - (Tadge Dryja - Digital Currency Initiative) +- [@jcp](https://twitter.com/jcp) - (Joseph Poon) +- [@alexbosworth](https://twitter.com/alexbosworth) - (Alex Bosworth - yalls.org) + +## Medium Posts + +- [Announcements related to interoperability](https://medium.com/@lightning_network) +- [Lightning Resources](https://medium.com/lightning-resources) +- [Lightning FAQ](https://medium.com/@AudunGulbrands1/lightning-faq-67bd2b957d70) +- [Lightning Network Explorer](https://medium.com/@ACINQ/releasing-our-lightning-network-explorer-93e87de150bb) +- [Bitcoin Lightning Network — 7 Things You Should Know](https://medium.com/@argongroup/bitcoin-lightning-network-7-things-you-should-know-604ef687af5a) +- [A Primer to The Lightning Network (Part 1)](https://medium.com/the-litecoin-school-of-crypto/a-primer-to-the-lightning-network-part-1-be909c403bde) - [(Part 2)](https://medium.com/the-litecoin-school-of-crypto/a-primer-to-the-lightning-network-part-2-30e6c30a1049) - [(Part 3)](https://medium.com/the-litecoin-school-of-crypto/https-medium-com-ecurrencyhodler-the-lightning-network-part-3-a6f1e69e72d7) +- [A Scale Free and Private Lightning Network](https://medium.com/the-litecoin-school-of-crypto/a-scale-free-and-private-lightning-network-e52a3c178d7d) + +## Learning Resources + +- [Lightning Network Bitcoin Wiki](https://en.bitcoin.it/wiki/Lightning_Network) +- [Hashed Timelock Contracts](https://en.bitcoin.it/wiki/Hashed_Timelock_Contracts) +- [LN as a Directed Graph; Single-Funded Channel Topology](https://docs.google.com/presentation/d/1G4xchDGcO37DJ2lPC_XYyZIUkJc2khnLrCaZXgvDN0U/edit?pref=2&pli=1#slide=id.g85f425098_0_2) (Slides) +- [How to Do "2-of-3 Multisig Contract" Equivalent on Lightning](https://lists.linuxfoundation.org/pipermail/lightning-dev/2016-January/000403.html) (From LN Mailing List) + +## Books + +- [Mastering Bitcoin, 2nd Edition](http://shop.oreilly.com/product/0636920049524.do) +- [Owning Bitcoin](https://bitzuma.com/owning-bitcoin/) + +## Desktop Interfaces + +- [lightning-app](https://github.com/lightninglabs/lightning-app) - Cross-platform Lightning Desktop Application +- [lnd-gui](https://github.com/alexbosworth/lnd-gui) - Lightning MacOS GUI Wallet +- [eclair-node-gui](https://github.com/ACINQ/eclair) - Cross-platform desktop GUI for Lightning +- [zap-desktop](https://github.com/LN-Zap/zap-desktop) - Lightning Network desktop application + +## Web Interfaces + +- [lncli-web](https://github.com/mably/lncli-web) - Light-weight web client for the lnd daemon written in NodeJS / Angular +- [lnd-chrome-extension](https://chrome.google.com/webstore/detail/lnd-chrome-extension/fckoopaejbdhcjgpjllghoadkeicdjnf?hl=en) +- [kugelblitz](https://github.com/cdecker/kugelblitz) - A simple UI for the c-lightning daemon lightningd and bitcoind + +## Tutorials and resources + +- [Install bitcoind + lnd](http://dev.lightning.community/guides/installation/) +- [Develop an application of bitcoind and lnd](http://dev.lightning.community/tutorial/) +- [Setting up and Testing LND with the Testnet Lightning Faucet](http://lightning.community/lnd/faucet/2017/01/19/lightning-network-faucet/) +- [Setting up a local Lightning cluster](http://dev.lightning.community/tutorial/01-lncli/index.html) +- [Using the LND Web Client](http://dev.lightning.community/tutorial/02-web-client/index.html) +- [Using the LND gRPC Client](http://dev.lightning.community/tutorial/03-rpc-client/index.html) +- [Integrating Lightning into a server-side web application](http://dev.lightning.community/tutorial/04-webapp-integration/index.html) +- [How to use a Python gRPC Client with LND](http://dev.lightning.community/guides/python-grpc/) +- [How to use a Javascript gRPC Client with LND](http://dev.lightning.community/guides/javascript-grpc/) + +## Lightning on Testnet + +#### Lightning Wallets + +- [HTLC Web Lightning Wallet](https://htlc.me/) +- [Eclair wallet (for android)](https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet&hl=en&referrer=utm_source%3Dgoogle%26utm_medium%3Dorganic%26utm_term%3Declair+wallet&pcampaignid=APPU_1_XhdMWoqGCIHUwALewZXABQ) +- [Eclair (Linux, macOS, Windows)](https://github.com/ACINQ/eclair/releases) +- [Zap wallet (Linux, macOS, Windows)](https://github.com/LN-Zap/zap-desktop) +- [lightning-app](https://github.com/lightninglabs/lightning-app) - Cross-platform Lightning Desktop Application +- [lnwallet](https://github.com/btcontract/lnwallet) - [Android Wallet](https://play.google.com/store/apps/details?id=com.lightning.wallet) based on eclair + + +#### Place a testnet transaction + +- [Y'alls](https://yalls.org/) - Read and write articles, with Lightning Network micropayments. +- [Starblocks](https://starblocks.acinq.co/) - Grab a Blockaccino! +- [Bitrefill](https://blog.bitrefill.com/lightning-payments-on-testnet-for-bitrefill-ef6db8714b00) - [Bitrefill LN Site](https://lightning.bitrefill.com/usa/) - Top up prepaid mobile phones +- [Lightning Gem](https://lightninggem.com/) - Game using Lightning Network Testnet + + +#### Altcoin Trading using Lightning + +- [ZigZag](http://zigzag.bitlum.io/) - **Disclaimer** You must trust ZigZag to send to Target Address + +## Lightning on Mainnet + +**[Warning - Testing should be done on Testnet](https://twitter.com/starkness/status/953434418948927488)** + +- [Jack Mallers Paying with LN](https://twitter.com/JackMallers/status/953878478524477440) - Instant Payment, 0 Fees. +- [Alex Bosworth Paying with LN](https://twitter.com/alexbosworth/status/946175898029395968) - Instant Payment, 0 Fees. +- [TorGuard accepts MainNet Payments](https://twitter.com/TorGuard/status/950383059735646209) - They will also [cover loss of funds](https://twitter.com/TorGuard/status/950414221120081920) +- [Coffee Purchasing using Lightning](https://twitter.com/alexbosworth/status/955870434230132736) +- [My First Mainnet Lightning Network Payment](https://www.youtube.com/watch?v=YrDoDbnpTE4) +- [Lightning Network Physical Purchase of VPN Router](https://usethebitcoin.com/lightning-network-first-ever-purchase-performed-buy-vpn-router/) + +## Atomic Swaps + +- [Lightning cross-chain swap from Bitcoin to Litecoin!](https://twitter.com/lightning/status/931277111490265088) +- [Instant Cross-Chain Transactions On Lightning](https://blog.lightning.engineering/announcement/2017/11/16/ln-swap.html) + +## Developer Documentation and Resources + +- [Lightning Overview](http://dev.lightning.community/overview/) +- [LND Developers Site](http://dev.lightning.community/) +- [LND Developer Guide](http://dev.lightning.community/guides/) +- [LND API Reference](http://api.lightning.community/) +- [Rusty Russell's BOLT Blog Series](https://medium.com/@rusty_lightning/the-bitcoin-lightning-spec-part-1-8-a7720fb1b4da) + +## Lightning implementations + +- [LND](https://github.com/lightningnetwork/lnd) - Lightning Network Daemon (Golang) +- [eclair](https://github.com/ACINQ/eclair) - A Scala implementation of the Lightning Network (Scala) +- [c-lightning](https://github.com/ElementsProject/lightning) - A Lightning Network implementation in C +- [lit](https://github.com/mit-dci/lit) - Lightning Network node software (Golang) +- [lightning-onion](https://github.com/lightningnetwork/lightning-onion) - Onion Routed Micropayments for the Lightning Network (Golang) +- [lightning-integration](https://github.com/cdecker/lightning-integration) - Lightning Integration Testing Framework +- [ptarmigan](https://github.com/nayutaco/ptarmigan) - C++ BOLT-Compliant Lightning Network Implementation [Incomplete] + +## Libraries + +- [lightning-integration](https://github.com/cdecker/lightning-integration) - Lightning Integration Testing Framework +- [lightning-charge](https://github.com/ElementsProject/lightning-charge) - A simple drop-in solution for accepting lightning payments (Javascript) +- [lightning-charge-client-js](https://github.com/ElementsProject/lightning-charge-client-js) - JavaScript client for lightning-charge +- [lightning-charge-client-php](https://github.com/ElementsProject/lightning-charge-client-php) - PHP client for lightning-charge +- [lightning-payencode](https://github.com/rustyrussell/lightning-payencode) - Minimal QR-code-ready encoding for requesting lightning payments +- [lseed](https://github.com/cdecker/lseed) - A DNS seed for the Lightning Network +- [woocommerce-gateway-lightning](https://github.com/ElementsProject/woocommerce-gateway-lightning) - A WooCommerce gateway for lightning payments +- [lnrpc-client](https://github.com/michielbdejong/lnrpc-client) - Javascript RPC Client for LND +- [ln-service](https://github.com/alexbosworth/ln-service) - Lightning REST Service + +## Lightning Network Visualizers/Explorers + +#### Testnet + +- [ACINQ Testnet Explorer for Lightning](https://explorer.acinq.co/#/) + +#### Mainnet + +- [Recksplorer - LN Mainnet map](https://lnmainnet.gaben.win/) +- [Bitcoin Exchange Rate - LN Mainnet Map](https://bitcoinexchangerate.org/lightning) +- [Robtex Explorer](https://www.robtex.com/lightning/node/) + +## Payment Processors + +- [BTCPay](https://twitter.com/BtcpayServer/status/953541073795670016) - Next stable version will include Lightning Network + +## Community + +- [Lightning Blog for lnd](http://lightning.community/) +- [Lightning Labs Twitter Feed](https://twitter.com/lightning) +- [Lightning Labs Blog](https://blog.lightning.engineering/) +- [Lightning Network Mailing List](https://lists.linuxfoundation.org/mailman/listinfo/lightning-dev) +- [Lightning Network Podcasts](https://lncast.com/#!/) + +## Slack + +- [LND Community Slack](https://lightningcommunity.slack.com) - Invite Needed + +## IRC + +- [#lightning-dev](https://webchat.freenode.net/?channels=lightning-dev&uio=d4) (on Freenode) - Lightning protocol development + - [Channel Archive](https://botbot.me/freenode/lightning-dev/) +- [#lnd](https://webchat.freenode.net/?channels=lnd&uio=d4) - Channel for lnd development that also has a bot for github commits. + +## Slack Channel + +- https://lightningcommunity.slack.com + +### Discord Channel + +- [LN Mainnet Discord](https://t.co/ExSi3SuWnI) - **[Warning - Testing should be done on Testnet](https://twitter.com/starkness/status/953434418948927488)** + +## Miscellaneous + +- [Lightning Emoji](https://emojipedia.org/high-voltage-sign/) ⚡ +- [lightning-faucet](https://github.com/lightninglabs/lightning-faucet) - A faucet for the Lightning Network +- [ln-dice](https://github.com/mably/ln-dice) - Dice gambling service using the Lightning Network for deposits and withdrawals +- [ln-tip-slack](https://github.com/CryptoFR/ln-tip-slack) - Lightning [Slack](https://slack.com/) Tipbot +- [lightning-cat](https://github.com/rustyrussell/lightning-cat/blob/master/catsearch.sh) - Cat pictures via Lightning + +---- + +##⚡ Lightning FAQs ⚡ + +---- + + +*If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible* + +---- + + + +###### Is Lightning Bitcoin? + +>Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain. + +---- + + + +###### Is the Lightning Network open source? + +>Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code) + +---- + + + +###### Who owns and controls the Lightning Network? + +>Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network. + +---- + + + +###### I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain? + +>No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed. + +---- + + + +###### Do I need a constant connection to run a lightning node? + +>Not necessarily, + +>Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the **CheckLockTimeVerify (CLTV)** in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. **You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires**. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7npeh6/lightning_network_megathread/ds4gkt8/?context=3) + +---- + + + +###### What Are Lightning’s Advantages? + +>Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second. + +---- + + + +###### Does Lightning require Segregated Witness? + +>Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems. + +---- + + + +###### Can I Send Funds From Lightning to a Normal Bitcoin Address? + +>No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet. + +---- + + + +###### Can I Make Money Running a Lightning Node? + +>Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this. + +---- + + + +###### What is the release date for Lightning on Mainnet? + +>Lightning is already being tested on the Mainnet [Twitter Link](https://twitter.com/alexbosworth/status/946175898029395968) but as for a specific date, [Jameson Lopp says it best](https://twitter.com/lopp/status/947808940255006726) + +---- + + + +###### Would there be any KYC/AML issues with certain nodes? + +>Nope, because there is no custody ever involved. It's just like forwarding packets. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ld1vl/lightning_ceo_elizabeth_stark_on_bloomberg/drm6lxk/) + +---- + + +###### What is the delay time for the recipient of a transaction receiving confirmation? + +>Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- [Source](http://dev.lightning.community/) + +---- + + + +###### How does the lightning network prevent centralization? + +>[Bitcoin Stack Exchange Answer](https://bitcoin.stackexchange.com/questions/43728/is-centralization-in-the-lightning-network-inevitable-why-not) + +---- + + + +###### What are Channel Factories and how do they work? + +>[Bitcoin Stack Exchange Answer](https://bitcoin.stackexchange.com/questions/67158/what-are-channel-factories-and-how-do-they-work/67187#67187) + +---- + + + +###### How does the Lightning network work in simple terms? + +>[Bitcoin Stack Exchange Answer](https://bitcoin.stackexchange.com/a/43701) + +---- + + + +###### How are paths found in Lightning Network? + +>[Bitcoin Stack Exchange Answer](https://bitcoin.stackexchange.com/a/43729) + +---- + + + +###### How would the lightning network work between exchanges? + +>Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: [Google Doc - Lightning Exchanges](https://docs.google.com/document/d/1r38-_IgtfOkhJh4QbN7l6bl7Rol05qS-i7BjM3AjKOQ/edit) + +>Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ojkoz/lightning_network_megathread/dsac6jb/?context=3) + +---- + + + +###### How do lightning nodes find other lightning nodes? + +>[Stack Exchange Answer](https://bitcoin.stackexchange.com/a/43729) + +---- + + + +###### Does every user need to store the state of the complete Lightning Network? + +>According to [Rusty's calculations](https://medium.com/@rusty_lightning/lightning-routing-rough-background-dbac930abbad) we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7iiiuf/releasing_our_lightning_network_explorer_acinq/dqzrqn8/) + +---- + + + +###### Would I need to download the complete state every time I open the App and make a payment? + +>No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7iiiuf/releasing_our_lightning_network_explorer_acinq/dr34z92/?context=10000) + +---- + + + +###### What needs to happen for the Lightning Network to be deployed and what can I do as a user to help? + +>Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above. + +>All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ojkoz/lightning_network_megathread/dsac6jb/?context=3) + +---- + + + +###### Is there anyway for someone who isn't a developer to meaningfully contribute? + +>Sure, you can help write up educational material. You can learn and read more about the tech at http://dev.lightning.community/resources. You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- [Source](https://www.reddit.com/r/Bitcoin/comments/7loswa/bitcoin_has_given_me_so_much_time_to_give_back/drpj794/) + +---- + + + +###### Do I need to be a miner to be a Lightning Network node? + +>No -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ojkoz/lightning_network_megathread/dsac6jb/?context=3) + +---- + + + +###### Do I need to run a full Bitcoin node to run a lightning node? + +> [lit](https://github.com/mit-dci/lit) doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7lui2v/needs_you_yes_you/drpblht/) + +> [LND](https://github.com/lightningnetwork/lnd) uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino + +---- + + + +###### How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)? + +> Upon opening a channel, the two endpoints first agree on a [reserve](https://github.com/lightningnetwork/lightning-rfc/blob/4e6eb48e1465c2a2161a0f75fe0344770044ea34/02-peer-protocol.md#the-open_channel-message) value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as /u/rustyreddit puts it :-) + +>For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. +>Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7npeh6/lightning_network_megathread/ds65r2y/?context=10000) + +---- + + + +###### How many times would someone need to open and close their lightning channels? + +>You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user. + +>Frequency will depend whether the funds are needed on-chain or more useful on LN. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ld1vl/lightning_ceo_elizabeth_stark_on_bloomberg/drm6w8j/) + +---- + + + +###### Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels? + +>[Stack Exchange Answer](https://bitcoin.stackexchange.com/questions/68127/will-the-lightning-network-reduce-btc-liquidity-due-to-locking-up-funds-in-cha/68149#68149) + + +---- + + +###### Can the Lightning Network work on any other cryptocurrency? How? + +>[Stack Exchange Answer](https://bitcoin.stackexchange.com/questions/68119/can-the-lightning-network-work-on-any-other-cryptocurrency?answertab=votes#tab-top) + +---- + + +###### When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened? + +> You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- [Source](https://twitter.com/starkness/status/951274843114127360) + +---- + + + +###### Can Lightning routing fees be changed dynamically, without closing channels? + +>Yes but it has to be implemented in the Lightning software being used. -- [Source](https://twitter.com/starkness/status/951273251929432064) + +---- + + + +###### How can you make sure that there will be routes with large enough balances to handle transactions? + +>You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- [Source](https://github.com/lightningnetwork/lnd/commit/306c4aef8e3af44fb3f2d8f52fc887f2c48e9c04) + +---- + + + +###### How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue? + +>[Stack Exchange Answer](https://bitcoin.stackexchange.com/a/68465/73234) + +---- + + + +## Unanswered Questions + +###### How do on-chain fees work when opening and closing channels? Who pays the fee? + +###### How does the Lightning Network work for mobile users? + +###### What are the best practices for securing a lightning node? + +###### What is a lightning "hub"? + +###### How does lightning handle cross chain (Atomic) swaps? + + +----- + +# Special Thanks and Notes + +- Many links found from [awesome-lightning-network github](https://github.com/bcongdon/awesome-lightning-network) +- Everyone who submitted a question or concern! +- I'm continuing to format for an easier Mobile experience! + + +My PM placed a tenant at my house in August. In November, the tenant made a partial payment in lieu of rent. However, my PM told me that all calls to the tenant to speak to them are automatically going to voicemail. Given that the tenant paid most of the rent, I told them to just monitor it going forward. + +Fast forward to February. The tenant has now made partial payments 4 months in a row (random amounts each time) and my PM continues to be unable to reach them. I was told for this month that the tenant sent a friend into the PMs office to make a payment on their behalf. My PM gave the friend a business card and told them to tell the tenant to call. They have not done that. + +The rent is $830/month. As of now their balance is around $650 but continues to rise every month (and this is with me instructing my PM to waive late fees after the first one we hit them with, in an attempt to help the tenant get caught up on their balance). My PM has also not heard from this tenant since placing. The lease is up in August. + +It’s not like they’re not paying at all, but I feel I’ve given all the grace that I can without being taken advantage of. I’m thinking of telling the PM to give them one more shot for March to either make a full payment and contact us about the balance or else to post the 30 day notice to vacate on their door. What would you do? Any better ideas? +Is anyone seeing the affects of Brexit on them or people/businesses they know? + +My take on it is there's a lot of uncertainty at the moment and that's halting some companies from any spending that isn't critical, which is a smart move to conserve cash when facing the unknown. As they say, cash is king. + +&#x200B; + +What do you think? What's your plan? Go to the Winchester, have a nice cold pint, and wait for this all to blow over? Or are you being proactive? +I've had $10k invested for 3 years now with a pretty normal 70-30 allocation. And the returns are around $400 total. This seems quite subpar. Just the dividends alone have totaled over $600 which means the portfolio is actually under loss, right? What am I missing here? Every online media outlet/investing website seems to have a 5* rating for this company. +EDIT: Not exactly 3 years, but close enough. The sample size is large enough to warrant my concern I think. +Someone asked for specifics. Here's the allocation and performance: http://imgur.com/a/zDKms +Obviously a key requirement to even consider the strategy is a low interest line of credit. How much in equities/private company shares do you need to make this a viable option? +# The "unpopular opinion" we've all upvoted to the front page is actively spreading popcorn narrative control (intentionally or not!). The 🍿 folks are stuck because of narrative control, merely linking DD can not work until the narrative control is corrected! Narrative control precludes our DD! We need content to directly confront the biggest threat remaining to the GME thesis: splitting our cash across ineffective stocks. + +I can not post this directly on the 🍿 sub, as that would be brigading, and so please do not repost this on the 🍿 either! + +There are two target audiences of this post. The most important audience are the 🍿 🦍 themselves, searching in earnest for someone to convince them of which play to bet on. The second audience is the SuperStonk/GME folks, who can potentially link this letter to their 🍿 friends. GME apes severely underestimate the power of narrative control, and it's happening on our front page RIGHT NOW. + +[Example of clever narrative control -- A half-truth designed to split retail's cash. This kind of narrative control is THE CURRENT BIGGEST THREAT to the GME thesis! Also, don't brigade :\)](https://preview.redd.it/vqetbszd3pu71.png?width=738&format=png&auto=webp&s=e3f98eefb0058b4c19bccefa683eee32c6725e9b) + +Edit: The OP of the "unpopular opinion" post actually contacted me and decided to edit their post. They were using some narrative control slogans without realizing it, and have since edited out all dubious little propaganda pieces. This just goes to show how effective narrative control can be - it's like a virus that spreads itself when done effectively. + +🍿 started as a legitimate way to squeeze shorts, an act of ape-ish defiance. Lots of DD has been posted about swap theories, feel free to research this on your own. However, a lot can happen in 8 months and things have changed. As so, 🍿 hodlers \*need to adapt\*. Below is an explanation of why. + +Here are the major points for us to focus on. + +* 🍿 started out as a reaction to the GME thesis. The same goes for other stocks with high reported short interest. +* Over time 🍿 became a tool for narrative control. +* Many blue-collar type apes, the ones who work hard and honest all day, often without enough time or energy to read pages and pages of DD, have been duped post-January by narrative control techniques. The narrative control *precludes* DD. +* Youtube, other Reddit subs, twitter, mainstream media, and more are all used for 🍿 narrative control. +* There are \*many\* hard-working blue collar types out there in the real world, painting 🍿 on their cars and spray-painting slogans about. 🍿 folks are not "all shills". +* The strongest form of narrative control manifests as slogans and phrases. Below we list the popular slogans and respond to them. When this post first went up it was actually quite scary how fast \*all\* of the slogans popped up as one-liner responses. Right down here in topic! Scroll to the bottom if you want to see them for yourself... +* Narrative control can only thrive when competition of discussion is actively suppressed. + +What exactly is narrative control? It's a means to provide the building-blocks necessary for someone to chain together a coherent story. Most of us don't have time to research full-length DD. Most of us don't have the capacity to verify info ourselves first-hand, so we rely on indicators to seek truth. Unfortunately, highly intelligent short predators take advantage of this pattern. By providing independent building-blocks to form a story, as opposed to a full-thesis, it can feel like we come to "our own" conclusions. When in reality our conclusion is merely the path of least resistance given a curated set of story-parts. + +The shorts have adapted since January, and have propped up 🍿 through narrative control as a way to siphon cash out of the GME play. How did they achieve this, specifically? Let us see an example. Here is the number one way to detect narrative control: no competition for info, or active suppression of certain groups/ideas. The 🍿 sub routinely bans anyone from SuperStonk who goes against the 🍿 play. This is suppression of competition, the key prerequisite for narrative control. + +A few slogans circulate the 🍿 sub commonly. These slogans are curated building blocks designed to lead to the 🍿 play narrative. + +1. Ape no fight ape! 🍿 ape, GME ape are on the same team! +2. Anyone that calls 🍿, "popcorn", is a shill! +3. The stock price is correlated, so each stock is an equivalent play. +4. 🍿 is cheaper than GME. +5. I hold both, everything else is nonsense. +6. Karen stock, or GME are supremacists. + +Given these building blocks and no competition to challenge them, the natural conclusion is to split money across GME and 🍿. + +However, we must attack these slogans with competing information, to see which idea is the strongest. That is how we find truth. Here are some additional points in direct response. + +1. (Ape no fight ape) - 100% false. Apes fight apes \*all the time\*. We constantly compete in the SuperStonk sub, though we compete with ideas, not personally fight. Many threads become marked as debunked, many of our most popular DD writers frequently admit their faults, pivot, adjust their strategies when challenged. This is the most effective way to find truth. The 'ape no fight ape' mantra is **extremely harmful**. This mantra is used to silence discussion, and suppresses info. This slogan is currently the most dangerous threat to the GME play. +2. (Anyone that calls 🍿, "popcorn", is a shill) - 100% false, we merely say popcorn or 🍿 because the automod of the SuperStonk sub filters our the 🍿 ticker. This filter is in place to prevent sub brigading and shill narrative control. This is not information suppression, because actual humans can simply say 🍿 and we know what it means, but for shills and paid-actors it's actually a difficult hurdle to overcome. Imagine you're a hired writer, just a random person with no prior GME or stock knowledge and given a Reddit/Twitter account to shill on. It would be confusing why you can't type 🍿 ticker. +3. (The stock price is correlated) - While a true statement, it's only a tiny slice of the full story. Without the full story narrative control can manipulate us. A more full version would be something like: 🍿 and GME stocks are correlated, but the companies are different, they have different fundamentals, different business plans, different amounts of debt, different reported short interest values, and most importantly different attention from mainstream media, the SEC, youtube, twitter, etc. There are many differences! Treating them the same is naive, and will lose us all a lot of money. +4. (🍿 is cheaper than GME) - Another version is "🍿 is the poor-mans GME", or a "more affordable GME". These are all partial-stories, and lead to narrative manipulation. The full story is more like this: "🍿 stock price is lower than GME, but that's it. Stocks operate on percent changes and intrinsic value. If we calculate the intrinsic value, based on a fundamental analysis of each company, we will find 🍿 to be extremely expensive compared to GME. Stocks operate on percent changes and ratios, so the dollar amount of any stock, if viewed in isolation, means nothing." Please, do not be duped by thinking 🍿 is more affordable. If you think this you seriously need more information, as this is a dead-obvious sign you lack some basic knowledge about how stocks work -- this a common noob mistake with stocks, and that's ok! Smooth brains are welcome here. +5. (I hold both, everything else is nonsense) - Very dangerous. The stocks are completely different. It's tempting to think we can hold both, because it sounds like the old mantra "diversify your stocks to lower risk". However, the purpose of this slogan is to preclude reading real DD and doing real research. It prevents active discussion which opens us up to narrative control. By conflating the two stocks a sense of comfort is given by feigning lowered risk. The reality is that GME (as proven by the SEC) is the only play. As apes we want all our cash in GME to boost the play. Splitting money onto another stock means less returns and more risk, as shown by the SEC themselves. +6. (Karen stock, or GME are supremacists) - I actually really like this one, it's quite clever. But extremely dubious. It's making the case for splitting the group in half. The purpose is to preclude reading GME DD by appealing to the defiant nature of blue-collar types. Some GME types are definitely classist, it's true. I've seen some of them as responses to this post, saying that "blue-collar" is some kind of insult. What a load of classist bullshit. But have faith they are a minority. We need apes of all flavors to make the GME as strong as possible. Splitting money across any two stocks will 100% weaken the play! As shown by the SEC themselves, GME is the only risk. And when these guys say risk, they fucking mean it, like blowing down the entire financial pillar of the world kind of risk. We're all retards here, and all treated as equals. + +Before we end this post let us make a few compelling notes to sell all 🍿 and DRS with GME instead. + +* The mainstream media likes 🍿. This is an obvious sign the shorts want apes to buy 🍿. It's a trap! +* The SEC stated quite clearly in their report that GME was the only "idiosyncratic risk". That means none of the other stocks were shorted enough to cause a chain-bankruptcy all way up to the FED. We don't know exact numbers, but when they say "idiosyncratic risk", it means the short interest was so high the squeeze would demolish the entire system. 🍿 short interest may have been high at one point, but not even close to GME, as proven by the SEC in their report. +* Discussion in the 🍿 is actively and heavily suppressed. This leaves us open to narrative manipulation. Avoid at narrative control at all costs! SuperStonk has a very open policy on dialogue, and the information competition to narrative control is like penicillin to bacteria! + +I know there are many 🍿 apes out there, hard working blue-collar types who have been duped by the 🍿 narrative control. Honest people who simply don't have the time or confidence to fully vet everything they read and hear. The GME play can be taken up by any ape, and the more money we will from 🍿 the more money the squeeze will deliver. You deserve better than to be manipulated by the shorts into missing out on a once-in-ever-time opportunity. + +Here is all the information needed to DRS with GME and join the rest of us retards: [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +If anyone has any questions, this is a pretty good place to ask them. +...What are you doing with your money and why? Waiting for a price drop? Investing into ETFs? I'm stuck in a situation where I've got more than enough for a deposit but don't want to get myself ripped off buying a potentially overvalued property. + +Not looking for financial advice, just trying to get an idea of what others in my situation are doing. +Hi, this is u/Mortgages101… + +**EDIT 3 - It's 10.30pm and I think I'm done. My fingers are sore, my eyes are blurry and I cant sit down or stand up, so I guess that means it's bed time? Have I set the record for the longest AMA on UKPF? With absolutely no evidence to back it up, I'm pretty sure I have.** + +**Thank you to everyone who took the time to drop in and ask a question, I appreciate every single one of you.** + +**I'll be available on the sub in the future, if you have a mortgage question then feel free to tag me, I don't mind at all, doing this type of stuff ticks a huge 'sense of wellbeing' box for me, when the world is a bit crazy.** + +**Thanks to the Mods for letting me do this, I know some of you want to know who I am and I would honestly love to sort your mortgages for you, but I've agreed to be anonymous... for the time being at least (just kidding mods!)** + +**Thank you all again, good night, nos da!** + +EDIT 2 - It's just gone 9pm, and I feel like I've answered 6 million questions and typed 'Discounted or Tracker' 3 million times. I think I've answered more or less everything, but I intend on hanging around for at least the next hour or so (gotta get to the 12th hour!) so if you've asked something and I've missed it, feel free to make a new comment tagging me and I'll take a look! + +EDIT - it's almost 4pm, I'm still going and I'll do my best to go as long as possible. Just going to take a small break. I'm trying to mix up between the recent stuff and questions that were asked earlier today, but if you come across anything specific I haven't answered and you want me to answer, then please upvote it and I'll do m best to answer. + +Last month I did a mortgage related AMA (you can find it [here](https://www.reddit.com/r/UKPersonalFinance/comments/y1x4dc/im_a_whole_of_market_independent_mortgage_advisor/)), I planned on doing 3 hours last time and ended up doing almost 6, well I'm back and this time I’ll be here all day from around 10am this morning! + +Ask Me Anything mortgage related! How to (try) and save money in the current market, what’s the difference between tracker, discount or fixed deals, what my day to day job is like, how we source mortgages, what I think may happen in the future? + +I can also tell you about how different lenders interpret your credit file, how I got into the industry (spoiler – it was a complete accident) or anything else you may want to know about mortgages. Or maybe you want to know about different lenders affordability, income & criteria? + +Sadly, I can’t answer anything related to unsecured borrowing, savings, investments or pensions, but if it’s related to your mortgage, for example, can you consolidate unsecured debt? Then fire away! + +Per the subreddit rules, please keep all questions in this thread and do not send questions by direct message, feel free to ask me anything related to the mortgage world, and I’ll do my best to answer you as honestly as I can, but please remember that as I don’t know your specific circumstances, **nothing I say here should be constituted as advice**, think of this is strictly a Q and A session. + +My identity, qualification and experience have all been confirmed by the mods, and one of them will be along soon to sticky this post. +In March I received a 2% salary increase to go from $50,000 to $51,000. I discovered my net pay decreased by $49.99 per pay period (bi-weekly) where it went from $1,305.39 to $1,255.90. The payroll team is saying this is from higher taxes at my new tax rate. How is this possible? Was the salary increase actually a salary decrease? What was the point of getting a raise? lol + +Here is a breakdown: + +&#x200B; + +&#x200B; + +||At $50k / year|At $51k / year|Change| +|:-|:-|:-|:-| +|Gross|$1,923|$1,961.47|\+$38.47| +|Federal Tax|\-$169.60|\-$205.21|\-$35.61| +|State|\-$63|\-$83|\-$20| +|SS|\-$112.8|\-$136.68|\-$24| +|Medicare|\-26.38|\-$31.97|\-$5.59| +|Roth|\-$144.23|\-$147.11|\-$2.88| +|HSA|\-$38.46|\-$38.46|0| +|Sup Lif|\-$7.38|\-$7.38|0| +|Vision|\-$4.78|\-$4.78|0| +|Dental|\-$10.78|\-$10.78|0| +|Medical|\-$57.20|\-$57.20|0| +|Phone|$17|$17|0| +||||| +|Net|$1,305.39|$1,255.90|\-$49.49| + +&#x200B; + +A payroll specialist on my payroll team just reached out to me and informed me that upon their analysis, my net pay has decreased because of "higher taxes at your new rate." That's all they got. +You warned us in January that what we are doing could have broken the system. We didn’t understand what it was you spoke of then, but now we understand. Your fault was thinking we cared. + +We’ve worked all our lives to build your coffers and endow your progeny with riches, and you’ve laughed at us from above and pushed us all further into poverty because of your unrestrained greed. Let’s not beat around the bush, you *wanted* us to live in a capitalistic society - You built up your house of cards, high up, up, into the sky so that the peasants couldn’t reach you. The issue about paper houses is that when they catch fire the smoke will rise and suffocate you before you escape. + +Ask and beg for help, the bailouts will not come anymore. The technology exists to replace you. Your time is over, and it’s time for you to accept that. When the dust settles, we will rebuild and your era will live in history books. + +Sincerely go fuck yourselves, + +The 99%. +Something that doesn't get mentioned enough are the people who make subreddits like this as great as they are. + +Let me tell you about my experience, 4 years ago I use to make decent money as an upcoming computer science graduate but as far as my spending was concerned I had lots of nights out, a nice car and holidays. I was never in debt but neither was my savings very high. Over the coming years I started to become a bit more sensible about my money after reading posts from /r/personalfinance and /r/ukpersonalfinance that had floated up to the home page or that I had found on google. This all made me understand the need of an emergency fund and how to invest any extra. + +Now that shit has hit the fan with this pandemic, this is the first time I've really seen the importance of my emergency fund and living within your means. My partner has been made redundant and I am at risk. Am I stressed? Of course. Am I pulling my hair out? No, because I have 7-8 months expense at my disposal and I know eventually I'll find a way to keep money coming in. + +So on that note, on behalf of myself and I'm sure many others, thanks to all those who have contributed to /r/ukpersonalfinance. It might not seem it now, but over the next year your contributions may have literally saved lives. + +With all of this said. These are scary times and I really wish everyone the best of luck with what is coming. +I understand that as interest rates go up then bond price goes down. However, I keep hearing of huge outflows to bonds in reaction to the job report, shouldn't that be driving bond prices up? Yet most total bond market etf's are down for the day. +I understand that as interest rates go up then bond price goes down. However, I keep hearing of huge outflows to bonds in reaction to the job report, shouldn't that be driving bond prices up? Yet most total bond market etf's are down for the day. +For those who want to invest in oil stocks, a piece of the puzzle that you cannot ignore is the fact that US producers have differing strategies for hedging oil price movement, potentially limiting both their upside/downside. Despite a record FY2021 of operational cash flow, many of the US oil stocks are sitting on big a pile of unrealized losses due to their hedging. Don't be fooled by management's obfuscation. This is real loss that need to be dealt with at some point. + +This hedging could partly explain why, even though when WTI rallied to $80/bbl, oil stocks still languish at 30-60% below their pre-COVID levels (and also because the companies ate away a lot of shareholder's equity to survive COVID). + +Even if you're bullish on oil price and want to invest in the oil stocks, you need to look at the way the companies you invested in have their hedging strategies. One of the thing I predicted is that the upstreamers will start diverging in performance come 2022 because of their hedging strategies starting to diverge significantly. Many of them have stated during earning calls that they will no longer hedged at the same level as they did in 2021, thus making their income stream more affected by a rise or fall in oil price. + +If you look at the chart in the WSJ link below: + +[https://www.wsj.com/articles/oil-companies-got-their-hedges-clipped-11638273780?mod=markets\_lead\_pos11](https://www.wsj.com/articles/oil-companies-got-their-hedges-clipped-11638273780?mod=markets_lead_pos11) + +Most of the oil companies on the chart hedged about 50-75% of their total production in 2021, thus severely limiting their upside when oil price rose. Come 2022, some companies have stated that they will no longer hedge most of their production going forward. This could be a blessing or a curse depending on what oil price will be in 2022. One thing is for certain: you can't rest on your laurels just buying any US producers without thinking about their hedging strategies. +So I've been thinking a lot lately where I would draw the line if an investment is morally O.K. for me or not and I found that when it comes to investing, I care a lot less than in real life. + + +My only rule is that I don't invest in chinese companies and a few select companies I dislike, like Nestle. But I somehow have no problem investing in companies like apple, even though I know they are familiar with child labor. + +Where do you draw the line (if at all) and would you consider someone a bad person because of their investing choices? +Guys, the DAO runs ON TOP of Ethereum. Concern trolls can say whatever they want about the code superseding the intent. The DAO's contracts become meaningless if the underlying platform pulls out the rug. The DAO's rules only apply so long as the consensus of the Ethereum network allows them to. +The 200EMA is at 568.23USD and we only dropped to 726.43USD which means we're still overvalued according to those calculations. The SMA which doesn't weigh as much on the recent movements puts the 200DMA at 481.26USD which should be a huge bouncing point for ETH. I still believe we're going to see something between those numbers sooner or later during this bear market. + +BTC dropped to -2,65x from ATH and ETH hasn't dropped lower than -1.95x. BTC should be more resistant anyways due to it being number 1 and also a honey badger so we're probably in for a bigger ETH drop than what we've seen. It's still 245USD from the 200SMA. The market doesn't care anyways. + +Not trying to spread FUD, I'm trying to provide some simple Technical Analysis. Remember to always watch the benchmark (which at the moment is BTC) and that a healthy market is a better market. + +Edit: This subreddit really needs to calm down. It's about trading ETH right? So input from both sides should be useful. +It reminds me codename: kids next door or something and it’s driving me nuts. + +I don’t completely hate wanting to switch up and give a haircut or something but the change in style and face is driving me bonkers. + +I have an uncontrolled hate that is completely irrational and it’s probably cause my autistic brain is honing in super hard on wanting to punch his forehead. + +Can you please make it stop? +Hello Apes! + +Another ape and I had it in mind to post something like this, so here we are! Not just Ape no fight Ape, Ape Help Ape. WAGMI. + +I’m just acting as the messenger, hopefully I can make everyone's day better as well. No one has to be struggling or feel alone. + +-- + +Hello all, so this has been getting a good reception and helping people in many ways, and I'm just so happy for that. Last one got buried a bit so I thought I'd try again as it seems to really be good for alot of people. Is everyone holding up okay? I know there's alot happening right now in the world, also with GME hype edging us all! + + Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! Cheers everyone 🍻. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄. + +Use your gut and ape help ape! WAGMI. And remember, 🩳🏴‍☠️☠️! + +🇺🇦 +Although it's proven that stock-pickers can't beat the market, why do people keep stock-picking? Wouldn't it be financially smarter to just buy a broad all-world index etf? I'd love to go in deep on this subject. + +My portfolio consists of 70% stocks and 30% AW etf at the moment. I'm considering to move the balance to 80% etf and 20% stocks. +As quoted from one of the founders of LinkedIn Reid Hoffman. Although I found out this quote is originally attributed to Ray Bradbury. + +I'm undertaking a project with my friends. One of them sent me a pic of Reid Hoffman with this quote. I admit I am the pessimist in our group and I am scared of this quote. They are all convinced to jump off cliff. I am exhausting every possible option to prepare ourselves ahead before jumping but I feel as a minority I will give in to their optimism anytime soon. Help I need your thoughts on this. Thank you. +I may or may not be qualified to give you this advice....However here it comes anyway.Get off demo accounts and start losing some real money trust me you will become a far better the more you feel the pain associated with losing money to the markets. + +Edit: + +Can't respond to all the comments so here is a generalized response...Demo trading and live trading are not the same not even remotely.Learning on a live account with real funds that have emotion attached has taught me that you cant override your emotions.THERE IS NO SUCH THING AS EMOTIONLESS TRADING IT"S A LIE...Your trading system has to incorporate your emotions not strip you of them....This is a mindset thing you won't be motivated to preserve capital if you don't really lose it. +Ok, so I’ve been trading FOREX for 9 years now, and since the beginning I’ve been fully committed to becoming a professional trader. Mainly because I just love doing it, but also because I crave the lifestyle of being a trader. So, after a crazy 9 year journey of ups and downs, self doubt, self hatred, insanely retarded mistakes and obscene losses, I believe that I have finally arrived at a happy place. I have a strategy that I’ve been back testing and forward testing for over a year, and I can say with immense pride and confidence that... it works! I’m consistently profitable and damn proud of what I have achieved after so much hard work. + +I got a lot of help from you guys here in this sub along the way, and I’d like to thank you from the bottom of my heart for that. I am eternally grateful! + +I guess the question i have now is.... well... what now? +I have some real money of my own invested in the market, but nowhere near enough to allow me to quit my job and go pro. The only other I option I can think of is to sell my skills to other (richer) people or to private institutions and trade other people’s capital for a living.Does anyone have any experience of going this route with their trading? Any advice would be super appreciated! + +Thanks again for all of your help along this incredible journey. I’m going to stick around here and help others wherever possible. You guys are awesome and I hope we all make it! +I will be sharing it. Use it or not. + +It involves 2 accounts, one for trading small and recognizing patterns and one for trading bigger lots + + +I usually only trade the main pairs but i assume this works for any. + +I start by setting a trade in the direction of the Pairs movement looking at the D1 timeframe. + +If the pair has been going down for the last year i sell for .01 + +I do not set a stop loss. + +usually the pair patternizes to a central price. For example i will be profiting 1.00 dollar and then it drops to -2.35 then back to 1.00. + +I know that the next time it hits -2.35 i will set a trade in the direction opposite of my original trade on the second account. Only bigger. Sometimes standard lots sometimes less with a stop loss. + +Ive been doing this for 6 months and manage a stable 2k/month. + +i started with 1,000 dollars. + +I use Oanda for my microtrades and Tradersway for my bigger trades. + +Please review this strategy and tell me why i should stop using it. + +It doesnt seem like it will work in the long run. + +But this is the main technique i use for everyday trading, + +Edit: sorry guys at work. Will respond when i have more time. + +Edit 2: There has also been some speculation as why i just dont use a demo account to determine patterns. No clue maybe its just because a real account for both makes it more "real?" in a sense. It just doesnt feel the same honestly. +As the title states. Hes 31 and zero retirement savings. His current job doesnt offer 401k. He currently makes about 42k per year + +I am ahead of where I should be with my retirement savings, so I dont mind sharing part of mine with him when the time comes. But I wont have enough for both of us completely. + +What are his options to start getting caught up? The only thing I can even think of is to start a Roth IRA account, but I assume even with that it wont be nearly enough without an employer contributing to it. + +He has floated the ideas on how to make extra money on the side to put towards retirement. Like buying a house and renting it out/turning it into an AirBNB to make lots of extra money, but I'm not sold on the idea. I think that idea is too risky, but maybe I'm wrong + +Any advice at all would be appreciated +Hi All + +I have just north of $220k in an unused Heloc and I’ve been thinking about using the Smith Maneuver. The interest rate is 2.95%. TFSA and RRSP are maxed-out. + +While we are in a detached home I don’t think we are in our “forever” home. As such we may look to move in the next 5-7 years. + +I have read and now understand the mechanisms of the maneuver but all information points to a long term hold until mortgage is paid off. + +My question is: has anyone done this for a shorter period of time to simply gain the tax benefit for a few years and maybe increase gains (although yes, they are taxable)? +Unfortunately the beat was to the downside. This company somehow managed to lose $178.4 million CAD in a quarter that only included two weeks of the shutdown. For those of you counting at home that is $2.82 per share, beating estimates of a loss of 43 cents per share by about 550% to the downside. Debt covenants suspended, contingent on additional financing. Company is beyond fucked. This is at best a penny stock now. + +Press release is here: + +http://irfiles.cineplex.com/Attachments/NewItems/Q1%202020%20Press%20Release%20FINAL_20200629232052_0.pdf +What are your thoughts on T (AT&T ) has a great Dividend now but I read there is going to be a spinoff of some assets and they will give you Discovery stocks when this happens and that the current dividend will be cut by 20% to 33% so do I pick up some shares take the div then sell off or hold when split comes? +Not a troll post but I see posts about people who are 16 and investing in a dividend portfolio and I genuinely want to understand why that is. Really, I’m missing the point behind anyone investing in a dividend portfolio at any age. + +If you look at a tool like portfoliovisualizer, you can see any sp500 etf will have the same or slightly better performance than something like SCHD. Many other dividend focused etf’s lag the sp500 benchmark. Which itself severely lags growth focused funds like QQQ or VUG. + +If you have 30+ years to retirement, why incur the ongoing yearly tax liability of dividend payouts? Dividends are a headwind since they’re paid out of the company’s assets....so if the share is $10 and the dividend is $.10, you’re switching a lower cost basis for an immediate tax liability. Taxed on $.10 but you get “more shares” vs still having $10 in the same number of shares with no tax until sold. Whereas if you had a fund or stock that paid low or no dividend, you have no tax liability until you sell and can benefit from growth. + +I really like the idea of dividend focused investing and would only buy the aristocrats, but when you look at pure growth and tax efficiency it doesn’t seem to check out. And during market downturns, dividend etf’s sell off more or equally to benchmark index’s according to my backtest. I’m wondering if there is a bias where it feels like you’re winning or earning by getting dividends but when performance is looked at, dividend etf’s and stocks in general underperform. + +Accounting for inflation doesn’t change the narrative. +Hello investors! + +My 3 boys (teenagers) are recently interested in investing...and I want them to start early obviously. I myself have recently gotten into dividend investing, so I want to setup some accounts for them. +But I wonder, what should I use? Should I just do a simple Robinhood account? I don't trust Robinhood so much.... +Or is there a better option for kids? +I have a TD Ameritrade account, but that can be tricky to setup if under 18... +Any advice? + +Thanks! +On my HOLA (Home Owners Loan Act of 1933) post from yesterday an Ape asked for a TLDR / summary. I didn't feel like I understood the content well enough to summarize it in a few sentences, so today I read more about HOLA and thrift banks (the banks that administer home loans - mortgages - to less credit-worthy customers). I thought that **thrift banks** were _just_ banks that gave home loans to people who had crummy credit. + +Yes, **thrift banks** do give home loans to less credit-worthy people, like I thought. But the actually seem to make up a much larger portion of the 'lending space' than I originally imagined as they hand out home loans _and_ business loans for less credit-worthy people. Interestingly, in 2018, during a giant de-regulation spree Congress and the President at the time decided that if **thrift banks** had $10B in assets they should be able to gamble with that cash: stick it in short-term securities, give it a hedge fund or private equity group to 'have fun with', basically gutting financial protections afforded by the Dodd-Frank Act . The same bill (SB 2155) that allowed **thrift banks** to gamble away their member's cash also raised to "too big to fail" limit from $50B to $250B. So if your thrift bank has $249B in assets and it gambled away all its cash (because it gave all the **thrift bank** members' cash to a hedge fun to gamble with) congrats. At $249B your **thrift bank** isn't "too big to fail". At $251B, yes, it's too big to fail, but under $250B and we'll let it fail. Yee-fuckin'-haw. + +--- + +Attempt at a TLDR (see the bottom of those post for an actual, short, TLDR): Since 2018 **thrift banks** with less than $10B in assets can gamble with that cash ([Volcker Rule](https://en.wikipedia.org/wiki/Volcker_Rule) - Eliminated!) AND the too-big-to-fail threshold for **thrift banks** was increased from $50B to **$250B**. SB 2155, which has the tag of `systemic risk` on Wikipedia, was the 2018 law that gutted protections for **thrift banks** and **thrift banks** are _the_ financial institutions providing mortgages and business loans to Americans with not-perfect credit scores. + +-- + +## A recap of HOLA and Thrift Banks + +- Home Owners Loan Act of 1933 basically created the modern ~~15~~ 30 year mortgage. Mortages used to be 3-5 years in the 1930s. The 30s 'kinda sucked' (as an understatement) for the majority of the United States: see [Hoovervilles](https://en.wikipedia.org/wiki/Hooverville), the Dust Bowl, the Great Depression. +- The [Office of Thrift Supervision (OTS)](https://en.wikipedia.org/wiki/Office_of_Thrift_Supervision) was responsible for overseeing what are called **thrift banks**. **Thrift banks** are banks that give out HOLA loans - so, mortgages mostly to people that are less credit worthy than a traditional bank or credit union would lend to. +- But the OTS was shuttered in 2011 - after the 2008 subprime mortgage crisis - because OTS liked to backdate financial documents and fradulently alter all kinds of legal documents. The FDIC and a few other orgs took over the responsibilities of the OTS. But **thrift banks** were still in existence and continue to exist today in 2022. +- **Thrift banks** "are legally required to dedicate 65% of their lending portfolios to consumer loans" and "[b]y law, a thrift bank can only dedicate 20% of its business to commercial loans and leases." (Source: [TheBalance.com](https://www.thebalance.com/what-is-a-thrift-bank-5197892) but on Investopedia and other sites). What does this mean in practice? Thrift banks lend primarily for home loans (mortgages) to people who have less-than-stellar credit. + +## What happened in 2018 to Thrift Banks? SB 2155 + +Here's the bill text in case you're interested: + +https://www.congress.gov/bill/115th-congress/senate-bill/2155 + +Don't you love it when a Wikipedia article's category (at the bottom of the page) is listed as `systemic risk`? + +https://en.wikipedia.org/wiki/Economic_Growth,_Regulatory_Relief_and_Consumer_Protection_Act + +From that Wikipedia page; I had to change the president's name so that Automod wouldn't block my post: +> The Economic Growth, Regulatory Relief and Consumer Protection Act (Pub.L. 115–174 (text) (PDF), S. 2155) was signed into United States federal law by President _Orange-Man_ on May 24, 2018.[1][2][3][4] The bill eases regulations imposed by Dodd–Frank after the financial crisis of 2007–2008 by raising the threshold to $250 billion from $50 billion under which banks are deemed too important to the financial system to let fail.[5] The bill also eliminated the Volcker Rule for small banks with less than $10 billion in assets.[6] +> +> **The act was the most significant change to U.S. banking regulations since Dodd–Frank.[5][7][8]** + +Before S 2155 was passed banks that had $50B in assets were deemed 'too big to fail'. After S 2155 that threshold was now $250B. + +S 2155 _also_ "eliminated the Volcker Rule for small banks with less than $10 billion in assets". What does this mean in plain English? According to [Investopedia](https://www.investopedia.com/terms/v/volcker-rule.asp): + +> The Volcker Rule prohibits banks from using their own accounts for short-term proprietary trading of securities, derivatives, and commodity futures, as well as options on any of these instruments. + +and + +> The Volcker Rule is a federal regulation that generally prohibits banks from conducting certain investment activities with their own accounts and limits their dealings with hedge funds and private equity funds, also called covered funds. + +For small **thrift banks**, those with $10B or less in assets, after SB 2011 was passed: + +- "No more torturous analysis of the borrower’s “ability to repay”" (https://www.icba.org/docs/default-source/icba/advocacy-documents/s-2155-what-it-means.pdf?sfvrsn=463b7217_8 ); fan-fucking-tastic /s. +- From that same document, "Banks with assets between $10 billion and $50 billion will no longer be subject to mandatory stress testing" +- "Publicly held institutions with assets between $10 billion and $50 billion will no longer be required +to have risk committees." + + +# Actual TL;DR + +TLDR: 2018 rolled around. SB 2155 was passed. It gutted (consumer) protections that the **thrift banks**, which give mostly home loans to people with less-than-stellar credit, had operated under after 2008. In addition to no longer having to consider "a borrower's ability to repay" [a mortgage, a loan] SB 2155 also allows **thrift banks** to gamble with their members' money (give it to a hedge fund or private equity group to have fun with), invest it in investments that were against the financial interests of its members, etc. SB 2155 also removed requirements financial oversight committess at **thrift banks** and removed (previously mandatory) stress tests for **thrift banks**. SB 2155 raised the 'too big to fail' limit from $50B to **$250B**, as well. +Ethereum is trading at over $17 on a few exchanges already and the average price is at $17 for the first time in our history. It's been a great weekend and a great Monday so far. + +https://www.cryptocompare.com/coins/eth/markets/USD +Nothing but good news this week. Evergrande continuing to implode risking domino effect, RC tweeting to invigorate the apes to keep holding with him, pennant breakout, etc. This was queued up to be a great week, and the price movement on Monday had my tits jacked. + +&#x200B; + +Tuesday morning, Shitadel and buddies short it almost back down to $200? With a 100% Buy sentiment? How much more blatant can the market manipulation get? + +&#x200B; + +How much longer is this blatant market manipulation and corruption going to go on? + +&#x200B; + +We all know Gary is complicit, clearly, in his inaction. We know the market is rigged, clearly. How much angrier are they going to make us? They're not shaking paper hands at this point, they're creating angry hulk apes that will destroy Citadel and friends at any cost. Can't speak for other individual investors, but this point, I'm gonna hold forever just to spitefuck Kenny and Stevie and all the other pathetic little boys having a tantrum and buying one more day at a time because they bet on destroying businesses rather than building them. Phone numbers or bust. + +&#x200B; + +Pretty big precedent that you can lie to government and walk free while manipulating markets however you fucking want, illegally. Good to know that it's totally fine, Gary. Great precedent to set. +I've tried posting this on a number of subs and it keeps getting deleted instantly and I'm being called a shill. + +This is 100% being hidden. + +I AM NOT TRYING TO BRIGADE OR CONVINCE PEOPLE TO SELL GME. I AM MERELY POSTING MORE PROOF THAT CELLAR BOXING THEORY IS TRUE. + +I've found another stock that has a 22.23M float and on the 28th of February there were over 631MILLION shares traded in ONE DAY. + +Sound familiar? + +&#x200B; + +[Freefloat of 22.32M](https://preview.redd.it/s8aind4nk6l81.png?width=744&format=png&auto=webp&s=4863594df795904a86cc9cc68e32e1a08e985c26) + +[631Million shares traded in a single day.](https://preview.redd.it/q9rujweqk6l81.png?width=548&format=png&auto=webp&s=fb7424264bfcf608029e968be61338f8d89d49b0) + +&#x200B; + +&#x200B; + +https://preview.redd.it/vmstinv7l6l81.png?width=406&format=png&auto=webp&s=11920135efc19f5f209ea4e496f138e7806d84fb + +&#x200B; + +I don't want to say much else about this in case it gets deleted from here too, but I think this needs eyes on. Who is behind this? Is it tied to the Meme stock basket? + +Edit1: I've been holding GME since Jan last year but this is the first time I've witnessed the same thing happening to another stock. GME is the first stock I've held for more than a month and I do not plan on selling any. Just wanted to make people aware that this shit is still going on with other stocks RIGHT NOW $MULN $MULN $MULN +I’m assuming not everyone has played the game as poorly as me. I fell in love with blockchain tech in 2020 and then decided to get risky at the top of this recent market. I’m not in an awful position but I am forced to consolidate into 3 of my most passionate chains and ride the HODL train. + +But I want to hear from the folks who have played the game well. Did you get in at 2015 and are you still way up despite the current bear? Did you get in in early 2021 and degen your way to glory and sell while the rest of us were sucking on the ‘Super Cycle/BTC to 100k by EOY’ hopium? + +I know there’s got to be a bunch of you out there who are comfortably in the green right now. I’m not looking for advice, I’m just more curious on hearing a TLDR of what got you up in the green. + +So out of the presented options. Do any of them apply? + +A) Did defi and did well + +B) Bought early, and still holding + +C) Rode a meme coin with good timing + +D) I bought low and sold high + +E) Actively trade. And doing well? + +F) I was already rich, bought a bunch of stables and still just as rich +TLDR: shorts thought this was a standard pump and dump that they've been doing to us ever since Gamestop, but some catalysts and turns of events have made this one different, and slightly more similar to GME & AMC + +&#x200B; + +As we know, $BBBY is up over 20% today, which is great both for bagholders and new highly regarded degenerates opening positions. This is happening for a couple reasons (which probably many of us are well aware of, but I wanted to make a post to ensure that all regards have the information). + +After the initial surge to \~30$/share, $BBBY saw some large red dildos bringing it down below $10/share. Over the course of that time, so many new short positions were opened that the percentage of float shorted now exceeds 100%. Mostly large institutional investors, as well as some miscellaneous regards (minimal difference), were betting that we did not have the gumption to create a second squeeze, as happened with Gamestop. The reason they think they can do this is because they have been doing this to us nearly every week for the past year. Some shit stock gets pumped up and then crushed by shorts, because it doesn't catch quite enough wind for anything more than an initial surge - so shorts keep winning. They have been doing this to trick us into being bagholders (often times, 'they' actually engage in the initial pump to catch our attention - you can see this based on the order flow of huuuuuge orders coming in in the very beginning, followed by smaller regard flows. Then they crush us, taking our money and repeatedly creating new bagholders. Look at literally any meme stock and its order flow over the last year). + +Anyways, the shorts have been following their same playbook as with all the other less well-known meme stocks that came after GME & AMC. Unfortunately for the shorts, this time is a bit different. $BBBY actually DID catch enough wind from the Apes to maintain focus longer than our typical attention span of 2 days. RC also betrayed us - a new catalyst that we don't typically see. Still, the shorts weren't worried because they knew $BBBY had liquidity issues and therefore could not survive much longer, so even if we had a second wind, they only had to wait so long until the company filed for bankruptcy. The shorts thought they had the win, because they thought that nobody was stupid enough to lend to $BBBY. BUT THEN, someone actually WAS stupid enough to lend them $400 million as a bridge loan, which will keep them afloat for much, much longer. Now, analysts question whether the company will file for bankruptcy at all. Shorts are starting to panic, because they know we've got them dead to rights if we see this. + +Their thesis has been ruined by additional catalysts and liquidity that they did not plan for. With the new liquidity, they will have to keep their short positions open MUCH longer to MAYBE achieve the original bankruptcy thesis. They will slowly bleed due to high interest fees, and will now question whether to keep their short positions open at all, as it is probably no longer worth it. Apes like us, AND other large institutions are starting to see this and bidding the stock upwards to pressure the 100%+ of float short positions to close and give up. Now, with the strategy announcement coming on the 31st, both Apes and institutions know it's the time to strike - because $BBBY management will reveal their plan of how to use the $400M to stay alive. It's truly the perfect storm. That's why it popped today, and that's why it will keep going. + +Positions: 10 $20 Calls expiring in 2ish weeks +Good morning PF Folks! + +I just wanted to remind everyone that most credit cards offer 'Price Protection' for purchases within a certain window. With all of the sales right now, you may quality for a credit! + +For example, I bought a wireless router from Amazon on 10/15/2016 for $128.95 and today it's on sale for $89.00 on Amazon. I called, submitted a claim, and within 7-10 business days they will review the case and hopefully I will get a credit for $40! + +You should be able to check your credit cards guide online (I googled the name of my credit card provider and 'price protection' to find out the details. Please make sure you read through your card holder agreement to make sure you qualify!!! + + +Have a good day! +Hi everyone + +I know everyone is different but wondered if, all things being equal, my approach is sensible or not + +I’m 33, self employed, have 30k saving which I’ve earmarked for a house as not yet home owner. I have 5k in crypto (just in case!) + +I have about a £1,000 to save each month and I distribute it like this + +Aviva pension 500 pre income tax (low risk fund, 70% bonds, it’s the lowest risk of their ready made funds) + +Stocks and shares isa - fts 100 tracker - 300 per month + +Savings account as emergency fund 200 + +Speculative stuff like crypto 100 + +I read some years ago about the all weather approach in the Tony Robbins book, so this seemed to be reasonably in line with that. + +Whilst I appreciate there is no rule of thumb, everyone has different risk tolerance, do people think it would be reasonable for me to set and forget this approach for the next twelve months, to do a quick review at that point? + +Thanks everyone +Opened stocks & shares ISA with Fidelity this tax year. Found it too bland and was unable to trade stocks like APPL. Opened an account on Freetrade later on, found it engaging and financially rewarding too. + +Now wondering if I can switch my S&S ISA from Fidelity to Freetrade. Can I close one to open another? Is there anything that can be done? Can I transfer it? I am quite desperate on this one. Your help means a lot. Thank you. + +For context, I added like £20 to fidelity but did not purchase anything. +Hey, this is a great community. Long time lurker, but first time poster in here. + +I've been lucky enough to sell one of my online businesses and have some money to invest and was looking for some advice if possible. + +I do have an existing portfolio which I'd say is an 80:20 split with ETFs:Stocks (all within ISA wrappers) + +I was thinking of ploughing the majority of it into the ETFs over different periods and the rest into individual stocks and even looking at penny stocks now which I haven't previously considered. + +Thanks in advance and Happy New Year to all - here's wishing to a much better one! +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +\[Re-posted as I deleted the post accidently!\] + +I’m (25M) from the UK and have finally decided to start investing in a S&S ISA for the long term and want some advice on my portfolio: + +Vanguard LifeStrategy 80% Equity Fund – 60% + +Vanguard FTSE Developed World ex-U.K. Equity Index – 20% + +Vanguard Global Emerging Markets Fund A – 10% + +iShares Global Clean Energy UCITS ETF USD – 10% + +This results in a roughly 90/10 Equity/Bond split. + +My thinking behind this allocation is: + +\- LifeStrategy funds are already diversified and low cost, but I think they have too much exposure to the EU (UK specifically) which I don’t think will grow much in comparison with the rest of the world over the next 3-5yrs + +\- The next two funds will give me extra exposure to global equities (mainly US through the develop world fund), and the EM markets respectively which I believe are higher growth markets + +\- The last fund is focused on clean energy and I think one that is going to grow considerably over the years +Hey all, first post here! Just a bit of background on me: I'm a 24-year-old currently working as a programmer - I have a comfortable salary and about \~£5k put away in my current account, with an extra £10k sat in premium bonds. I do not have any specific long-term goals - I'm not looking at buying property anytime in the near future (either as an investment or an actual home, my career could see me off in some other part of the world in the near-future) nor becoming a stock trading magnate, my aim here is more to get the money I have saved working for me. + +I'm completely new to any kind of investing here, and I've never bought any stocks before or anything like that, so it seemed like a good idea to find a subreddit like this to ask for some directions - what would be some good places to start for somebody in my position? + +Hoping I'm asking the right kind of questions here, and thanks in advance for any input! +I have decided to invest monthly into this fund as I believe this sector will provide considerable opportunity for growth in the next 5-10 years and beyond. + +I would invest in the ARK genomics if I could but see this as a viable alternative, although there is not a huge overlap between holdings and weightings. Just curious to see what the general consensus on this fund is from this sub? +TLDR; After almost a full year of trying to get my money from closing an account with my credit union, I finally received it today because I filed a complaint with the CFPB. + +In February of this year, I closed an account with my credit union because I hadn't made any transactions with them in years due to having no locations in the area I moved to. The initial interaction with staff was pleasant. They were able to close my account and they assured me a check would arrive within 2 weeks to the new address I provided to them. I waited the 2 weeks and nothing came in the mail. I called back the credit union and the representative was apologetic and said to wait just a bit longer and call back if nothing changed. She gave me the check number and told me to keep an eye out for it. But, if I wanted them to send me a new check, I could fill out their forms and cancel the original. + +I took a look at the forms and there were two issues I had. 1. They required it to be notarized, which would cost ME time and money for an issue that wasn't my fault. 2. It was an indemnity form. So, if for any reason the original check got cashed, even after putting a stop on it, the responsible party to pay would be ME. Again, for something that wasn't my fault. I refused to sign it. + +I waited the 3 months for the check to be invalid on it's own, and no one had cashed it. It was lost in the mail. I called back the credit union AGAIN and spoke with someone new. She, again, was very apologetic and assured me she would issue a new check and it would arrive in \~2 weeks. No need to sign the forms to stop the check, because so much time had passed. + +"Great!" I thought. I hung up and waited 2 more weeks. And no check arrived. I decided to wait another 3 months so the check would expire on it's own again so that I wouldn't need to go through that whole process of arguing against signing that indemnity form. + +3 months go by, no check. Once again I called the credit union and spoke with yet another representative. She informed me that no check was ever re-cut or re-sent 3 months ago, the previous rep had lied to me. This new rep said that because I never signed the indemnity form, they couldn't re-cut a new check. I asked to speak to a manager, because at this point I was angry and felt like the bank was jerking me around. She refused to let me speak to a manager and insisted she could handle it. She kept talking over me and was rushing to get me off the phone. Eventually, she said that they would waive any fee associated with getting a new form signed and that a new form would be sent for me to fill out. I was frustrated and agreed and hung up. + +The form she sent me was THE SAME FORM from before (she gave me the impression it would be something different). I was furious at this point and went to my husband to rant. He was able to calm me down and insisted I report this issue to the CFPB. So, I did. After, I sent an email to the newest rep stating my disappointment. I stated that she refused to let me speak to a manager, refused to listen to my plight, and she wanted me to repeat steps I had already taken; I told her that I reported the issue to the CFPB. She responded within the hour stating that she never said I couldn't speak to the manager, basically called me a liar, and was over-all nasty. We sent a few emails back and forth and neither of us budged. I left it as is and waited for a response from the CFPB. + +They were saints. They didn't cover closed account issues, but opened a new case for me with the National Credit Union Administration (NCUA), who in turn also didn't deal with those issues, who then forwarded it along to the Colorado Department of Regulatory Agencies. From the time I submitted that request, to today (about 2 weeks), I finally got my money. The credit union sent a FedEx priority mailed check, with a letter of apology AND 8% interest for the 11 months I was without my money. I wish I summitted that issue a long time ago. + +I'm relieved to have my money and can put this all behind me. But, a few tips for anyone in my shoes: + +Transfer as much money out of your account that is allowed (if there are minimums to keep it open) and THEN close the account, once you have the money cleared in your other account. + +Make frequent calls. Don't assume the representatives actually followed through on their actions, follow-up frequently yourself. + +Contact the CFPB if they refuse to work with you. I can't stress this enough, I'm confident this is why my money was returned to me so quickly after I submitted that issue. + +Best of luck to you all, and thanks for listening. +When I first heard of Bitcoin, I was very interested. I'd been working for a large, very well-known company, and I immediately saw practical use cases for Bitcoin, but I knew that it had a long way to go before it would get to that point. I knew they would laugh at Bitcoin. + +Bitcoin made me wealthy, but I was doing well before Bitcoin. For me it was a philosophical search for something better than our current system. Something better than what the for-profit bankers had concocted. I saw how the rich siphoned money from the poor because the poor had no other choices. The rich rule this world. + +Over the years, Bitcoin has morphed into something else - digital gold - which is fine by me. Bitcoin is solid. Bitcoin is strong. Bitcoin isn't going away. But Bitcoin is not very experimental. + +Ethereum came along, and I was again intrigued. But yet again, I knew it had a long way to go. + +Still, I envisioned this massive network of nearly instantaneous payments that connected every business to every person. I envisioned a B2B, P2P, crowdfunding, and point-of-sale network that was massive, worldwide, and connected. I envisioned an open-source, transparent network. I envisioned the inevitable future of commerce. + +The Request Network is what I envisioned. + +[REQ Map](https://www.mindmeister.com/991002501?t=R1iofDilV0) + +But this isn't about making money. We all may make money, but that isn't the reason we are doing this. We are doing this to bring the whole world a new system. A system devoid of the predatory bankers and middlemen. A system where John in Africa is on the same playing field as Dave in Chicago. + +We are here to disrupt. We are here to fight the powers that rule this world - the powers that are slowly destroying this planet in the name of profit. + +Ethereum and Request are the just the first steps. Go out there and use your cryptos. Spend them. Trade them. Make these bankers take note. This is a revolution. + + + + +Disclaimer: I own BTC, ETH, REQ, and QSP +I've had 1 rental (my first) for 4 years in my name. The mortgage is in my personal name and I've been paying Sched E taxes on the operating revenue/expenses. My goal is to have multiple rentals in the future and I don't want them tied to my personal name. The tenants just moved out and I'm going to make significant updates to the rental and I'm wondering if it's a good idea to start an LLC in 2022, open a business checking account and start keeping all the finances in that LLC. Perhaps get a business credit card and start building credit in the LLC so that I can eventually buy my next investment property with it. However, the business would technically would immediately be in the red because of the cost of the updates I'm going to make. I guess I just need help sorting through the logistics from a business/tax standpoint. Thoughts? +A little about myself I’m work at a very basic job that pays me minimum wage. Been working here since 2020 only earning $13 hour and it slowly went up to $15. I have about 45k to invest. (This is all the money I saved it from my job). I don’t have a car which means I don’t pay for gas. But I do have my Drivers ID. I have 1 year and 6 months of credit score. It’s at a 741 according to experian. I also have 2 years of work history from my tax returns. I found an out of state property for 400k I was thinking about doing an FHA loan. Do u guys think I should make the jump? (I live in Cali). Thank you for reading this and helping me! +My fiancée and I will be getting married next August and will need a place to live. We are trying to decide if we should buy a multifamily house (to try house hacking) vs buying an apartment/condo. I really don't want to get a single family house that I will have to pay a mortgage totally out of pocket for. We live in Westchester County and don't want to go too far from our families but it is incredibly expensive to live here. Maybe we should also be looking at different counties to live in, but we do have a good amount of money to put as a down payment on a multifamily if we go that route. Any advice? +I'll try to summarize, property is 3 bedroom 2 bath house: + +* We've had record rain this year, and it's the first year I've owned the house. Unattached garage gets wet floor when rain overtakes drainage. +* Tenant reports urgent fix needed for water in basement from leaking toilet. Too busy for inspection for four days. +* At inspection find that toilet tank is cracked because tenant's "son sat on it," causing the leak. Tenant complains sheetrock, baseplate, composite wood flooring, etc need to be replaced because "there might be mold" +* Instruct tenant to run dehumidifier to prevent mold. Give the go-ahead to replace sheetrock and seal in mold if found, I'll pay for time & materials. +* Two weeks later meet with guy to install drain in driveway to prevent garage floor from getting wet. Tenant "wants to show me" moist floors in basement. Dehumidifier hasn't been run since I left "because it leaks." Tenant wants to tear up floor because "there might be mold." + +I don't have solid grounds to evict this tenant, but I could pretty easily make a case. I'm just trying to figure out where the sense of urgency *should* be with water and mold. I understand that there's a potential for mold, and that potential increases if they're not taking steps to mitigate that problem--but should I be dropping everything to tear up floors because of some water? + +It's hard to judge where the tenant is legitimately upset, and where the tenant is putting on a show. For example they asked about seeking reimbursement for valuable tools that got wet in the garage when it rained, my response was that I wouldn't leave tools on the ground by the door if I knew it gets wet when it rains, two days later I drove by in a rainstorm and the door was open, with valuable tools in plain sight. +tl;dr my Grandad passed away earlier in the year, my Dad and his siblings are selling my Grandad's house and will be getting about £40,000 each from the sale. My Dad wants to use half of his share to pay off his own mortgage, and wants to give me the other half so I can put it down as a deposit for a house for myself. + +He reckons he's done his research and says he can give me around £20,000 without anyone needing to pay tax on it. I've tried looking this up and keep reading conflicting information on it, some sources saying you can only give away £3,000 a year without it being taxed, and some sources saying parents can give their an unlimited amount but it will affect inheritance tax on anything my Dad would be leaving to me when he passes away. + +Obviously I don't want either of us to accidentally break the law so I want to make sure it's all good before he gives me the money. I am over 18, if it makes any difference. +I have $60k in student loan debt total, all federal loans. $25k is in my name and the rest are parent PLUS loans my mom took out for me, she and I agreed that I would pay them back which is no problem for me. I want to start right now and throw as much money as I can at them. My tax refund should be coming in by the end of this month and I do plan on throwing all of it at one of my loans. + +However, I also have about $3k in credit card debt from paying for textbooks and supplies throughout school that I really really want to get out the way. + +I really wanted to go on a vacation too after graduation, but to be honest I might have to sacrifice doing a trip if I want my debt paid off. + +So in the meantime I’m living at home. My mom and I agreed that I contribute $100 every month for groceries. My house isn’t a very mentally healthy place for me, so I was really hoping to move out by the end of this year. + +I have 100% confidence in myself that I won’t be spending my money like crazy like I did in college. Going from $13 an hour to $17 is a big jump for me, and I am excited! I’ve sat down with myself and written down my monthly expenses, everything adds up to $400. My take home pay is estimated to be $28k, so that’s like around $2k a month if my math is correct. That leaves me with $1600 each month and it’s weekly pay, so roughly $500ish. + +I’m anxious because I don’t know where to start with tackling my debt while also trying to save money. Credit cards first or student loans? How much should I throw at my debt? How much money should I put away? Should I even go on a trip? There’s just so many questions running through my mind. If anyone can give some advice, that would be great :) + +Edit: For those asking, my degree is in Chemistry. I asked for advice, not ridicule for going to college. I understand 17 an hour for a graduate is quite bullshit but I took what I could get because job searching after college difficult. I need to work. I do plan on getting my PhD after two years working at the hospital because that’s the minimum commitment. + +Edit 2: If you’re just gonna be up my ass about my wage don’t comment because that’s not what this is for :) Also a PhD in Chemistry IS FREE +Using throw away account. + +I got insider info that Ethfinex is likely to launch this week if things go smoothly. Even if it doesn't, it will likely to be launched very soon. + +Reminder [this](https://i.redd.it/yaufvvnx28qz.jpg) was sent out two weeks ago. +On December 30th, I purchased a pair of KEF LS50 speakers through a 3rd party store on Amazon. The speakers are $1500 new, but the company was selling them for $1050. They claimed the speakers were brand new, in the box, never opened. + +I did a brief look into the company (https://www.amazon.com/sp?_encoding=UTF8&asin=&isAmazonFulfilled=0&isCBA=&marketplaceID=ATVPDKIKX0DER&orderID=107-5584621-5027431&seller=A3HDZL9NJXVHOU&tab=&vasStoreID=) + +They have 99% positive in the last 12 months (91 ratings). I read the first page of reviews (there is a bad one there now that wasn't there when I purchased) but other then that it seemed legit. The price had me a little concerned $450 off retail for brand new speakers.. so I did some further googling and found some people who also purchased KEF speakers for way under retail cost, some of them said that they received the speakers but the serial numbers were removed from them. Another person explained that sometimes retailers from overseas get the speakers for cheaper, remove the serials and send them to the US to be sold at higher prices. They remove the serial so KEF can't link it back to the original seller. I have no idea if that's true or not, but it seemed reasonable. Either way, I called Amazon up before I purchased the speakers and asked if Amazon would protect the sale if I received the speakers and they were either fake/without a serial number. The woman I spoke to said yes, absolutely. So I purchased the speakers. + +On Jan 3rd I received an email that the speakers shipped with this tracking number: + +1Z145Y7V03914XXXXX + +To be delivered on the 11th... But they never actually shipped. The company created a label but never actually shipped anything on that label. On the 9th I asked them about it: + +> Order ID 107-XXXXXX-XXXXXXX: +> 1 of KEF LS50 Mini Monitor - High Gloss Piano Black (Pair) + +> Is this still on track to be delivered by the 11th? + +They responded back on the 9th: + +> Yes. + +The 11th came and the tracking still showed as nothing being sent. I contacted them again that night: + +> Estimated arrival is today and according to UPS they haven't even received the package yet.. am I getting these speakers or should I look elsewhere? + + +They responded: + +> Hello dear buyer, Please see a replacement is being shipped to you ASAP. + +They created a new shipping label/tracking: + +1Z145Y7V42987XXXXX + +With estimated delivery of the 18th. This time they actually shipped something on that label though - but they also included a signature requirement. I had the package address changed to my local UPS store, because I wouldn't be home to sign for it. Should also note, the weight of the package changed to 10lbs from 40lbs on the first label - which made me really skeptical. + +The 18th came and I went to the UPS store to pick up the package. The UPS guy pulled out a 8.5x11" shipping packet. I told him that can't be it - they are giant speakers. He said "well this says i4mt3hwin on it" Ok. I signed for it (which I guess was a huge mistake) and brought it home. I figured maybe they sent the wrong the audio item, I'd send it back and either ask for a refund or ask for the speakers again. + +Well I got home and opened it and inside was a piece of cardboard: + +http://i.imgur.com/liCO3h2.jpg + +http://i.imgur.com/y5GietW.jpg + +And that's it. + +I immediately contacted the seller and requested a refund. I also contacted Amazon, because I felt like no serious/real company would just send a piece of cardboard as an order. A different audio item? Ok I can buy that - maybe it got mixed up... but no, literally just a piece of cardboard. I also went and did a little more digging.. so remember that 99% positive over 12 months? Well if you go back 2-3 pages on their reviews, almost all of the reviews are from one guy in the span of one month. Clearly there is something fishy going on with this company. And it kind of bothers me that Amazon has no system to prevent that type of abuse. + +So the 3rd party company gets back to me, they send me an email requesting that I ship back the speakers and they will refund me the money. Thing is I never received speakers, I received a cardboard box. I'm not shipping that back to them, I'm not wasting money on that. I awaited Amazon's response. + +Well Amazon closed my claim. + +> We have closed your claim for this order because the order is not eligible for coverage. However, the seller has agreed to issue a refund to you after you return the order as per the instructions listed below. The seller is not obliged to refund the return shipping fees. +> +> -- Return Address: +> XXXXXX +> XXXXXX +> +> If you decide to return the order, we recommend following these best practices to be sure that your package arrives and to avoid customs fees. +> +> -- Write "Return Merchandise" and the order number on the package +> -- Complete any customs forms needed and attach them to the package. +> -- Insure the package and request signature confirmation delivery service. +> -- Get a receipt for your return costs from the carrier. +> +> Because your order arrived, the order is eligible for coverage only if an item in the order arrives damaged or does not match the seller’s description. Our investigation shows that you received the correct item and that it did not arrive damaged. + +So I called them again and explained again that I did not receive the correct item. I received no item other then a piece of cardboard. So I'm not sure what they are expecting for me to ship back to them. So Amazon contacted me again asking for more information: + +> To resolve your claim quickly, we need your help to understand what went wrong with order 107-XXXXXX-50XXXXX. +> +> Within 3 business days, please reply to this email with a description of the differences between the item that you ordered and the item that you received. If we do not hear from you within 3 business days, we will close your claim until we receive your reply. +> +> We look forward to hearing from you. +> +> -- Date of Claim: January 18, 2017 +> -- Claim Amount: $1049.99 + + +So I send them this: + +> I ordered a pair of $1000 KEF LS50 speakers. I received a small piece of cardboard in a shipping packet. +> +> This is what I ordered: +> http://dagogo.com/wp-content/uploads/2014/09/ls50_pair_060813_rgb-1000x1000.jpg +> +> This is what I Received: +> http://i.imgur.com/liCO3h2.jpg +> +> This is what the cardboard came in: +> http://i.imgur.com/y5GietW.jpg +> +> +> Which obviously can't fit 40 pound speakers. + +On the 23rd I get another email back from Amazon: + +> We have closed your claim for order 107-XXXXXX-XXXXXX because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. + +So basically now they are telling me that they can't help because I signed/received the order. Which is a little ridiculous to me. Like in this case, yeah - like obviously speakers aren't fitting into that little package, but at the time I felt the package (there was something clearly inside which turned out to be just cardboard) I figured they sent the wrong item, so I figured I'd send it back to them. But what if they sent a big box with bricks in it? Would I just have been equally screwed for signing for it? + +Either way, I contacted Amazon get - this time I spoke to a manager and I explained everything. Not only did she agree with me that I should get my money back, but she agreed that the reviews on the company seemed strange and she wanted to push that through and re-escalate my A-Z Claim. + +Well today I got another response from the claims: + +> While we understand your concern, we are unable to assist you with this purchase. As previously stated for your order 107-XXXXXX-XXXXXX because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. + +Again I called Amazon - this time I spoke to a different manager who said "I shouldn't have signed for the package, Amazon can't help me" essentially. + +So I'm sitting here wondering now, what am I supposed to do? I paid for the speakers on my Chase Card and I contacted them. They have to file a dispute which can take 7-10 days to even start it. In the long run I'm going to continue pursuing that - but I've read stories of people's Amazon accounts being closed for disputing large purchases. I buy tons of stuff through Amazon (Prime Member) and I would be really annoyed if they closed my account over this. That being said, I want my money back and I feel like it's ridiculous that Amazon won't cover me because I signed for the package despite nothing being inside of it. + +Is there anything else I can do or someone I can contact? The 3rd party store no longer responds to my emails so that's out of the question. + +TLDR: Bought speakers through 3rd party store on Amazon. They shipped me a piece of cardboard instead of speakers. Contacted Amazon who told me several times that they can't help me get my money back because I signed for the package. + +-------------------------------------------------------------------------------------------------------------------------- + +Edit 1: I contacted Amazon again, this is the response I got back: + +> Hello Kevin, +> +> I'm writing to followup regarding the A-to-z claim in Order ID: +> +> After further research, this order is not eligible for the A-to-z Guarantee so we won't be able to honor a refund. I realize you’re disappointed because this is not the outcome you were hoping for, and I regret we’ve been unable to address your concerns to your satisfaction. However, we won’t be able to offer any additional insight or action until this time has passed, and any further inquiries on this matter won’t receive a response. + +This is like the biggest issue I have with this entire thing. "We won’t be able to offer any additional insight or action until this time has passed" Why not? Why can't I get a real explanation why it's being denied. + +They also sent this again: + +> While we understand your concern, we are unable to assist you with this purchase. As previously stated for your order because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. +> +> To learn more about coverage, visit our A-to-z Guarantee Help page on our Amazon.com site (http://www.amazon.com/a-to-z-guarantee). +> +> For help finding your package, we recommend that you contact the carrier. + +"For help finding your package, we recommend that you contact the carrier." + +Why are they telling me this? It makes it sound like I didn't receive the package. I did receive the package. + +I sent them this picture of it: + +http://i.imgur.com/g362sS3.jpg + +Frustrating. + +___________________________________________________________________________________________ + +Edit 2: Executive Customer Relations reached out to me, they are going to investigate - so we'll see what happens. Thanks again for the help/suggestions. I'll keep updating the thread for anyone curious. + +___________________________________________________________________________________________ + +Edit 3: Success! + +> Hello, +> +> My name is XXXX, and I am a member of the Amazon.com A-to-Z Guarantee Claims department. Jeff Bezos received your email, and I am responding on his behalf. +> +> Upon review of the A-to-z Guarantee claim you filed on 1/18/2017 for order 107-XXXXX-XXXXX, we have refunded $1049.99 to the payment method you used to place this order. You can check the status of your refund on the Your Orders page in the Your Account section of our website (www.amazon.com/youraccount). +> +> If the order was paid by credit card, it may take several business days for the refund to appear on your credit card account. Please check with your issuing bank to confirm that it has been posted. If the order was paid by gift certificate, these funds should be available now for use as payment on a future order. +> +> Sincerely, +> +> --- +> XXXX +> Account Specialist +> A-to-z Guarantee Program + +I want to thank everyone again for the advice and discussions. Going to buy the speakers this time directly from KEF's store on Amazon (no more 3rd party for me) + I'll be sure to check the box before I sign lol +So I did some quick arithmetic with the 21 data points we currently have on the catalyst calendar. While n = 21 isn't great, especially in an analysis of chaotic systems, a clear trend is already emerging. Here are the results: + +Purchased 7 days in advance of catalyst, and sold day before: + +* 38% chance of a win +* average gain 17.4% +* average loss -8.7% +* 19% chance of no gain or loss + +Purchased 14 days in advance, sold day before: + +* 48% chance of a win +* average gain 19.0% +* average loss -26.0% + +Purchased 21 days in advance, sold day before: + +* **71% chance of a win** +* **average gain 24.6%** +* average loss -16.7% + +Is it better to sell the day after a catalyst? + +* 48% chance the price has improved +* Average improvement 8.3% +* Average decline -6.5% + +Help us find catalysts at least 3 weeks out! Everyone's odds improve if we do. + +The calendar: https://docs.google.com/spreadsheets/d/1o0Yx_LvtudZsrOls1c0PSQqsXh5oAR2PtP0r2fkFoRs/htmlview?usp=sharing&pru=AAABcuxn1bA*Bj_6qwrA5cXf8HpPL0_s2w# + +EDIT: Y'all need to take a statistics class. +[https://www.abnamro.com/br/en/news/threshold-for-negative-interest-rate-down-to-150-000-euros](https://www.abnamro.com/br/en/news/threshold-for-negative-interest-rate-down-to-150-000-euros) + +> From 1 July 2021, ABN AMRO clients in the Netherlands with a total balance of more than 150,000 euros in their bank accounts will pay 0.5% interest on the amount above this threshold. This will apply to both private individuals and business clients. The interest on deposits under 150,000 euros will remain unchanged at 0%. + +[https://www.dutchnews.nl/news/2021/04/rabobank-to-charge-customers-interest-on-savings-over-e100000/](https://www.dutchnews.nl/news/2021/04/rabobank-to-charge-customers-interest-on-savings-over-e100000/) + +> Rabobank has become the latest Dutch bank to charge customers if they have savings of above €100,000. The bank will now levy a rate of 0.5% on savings of over €100,000 from July 1. The change, the bank says, will impact on just 4% of its customers. ING and Volksbank have already introduced negative interest on savings above €100,000, while ABN Amro has a limit of €150,000. The move, Rabobank says, has been prompted by continuing low market interest rates. + +[https://nltimes.nl/2021/04/11/ing-starts-charging-negative-interest-savings-eu-100000](https://nltimes.nl/2021/04/11/ing-starts-charging-negative-interest-savings-eu-100000) + +> ING customers with more than a hundred thousand euros in their account must pay a savings interest of 0.5% on this from 1 July. The bank will then lower the negative interest threshold from € 250,000 to € 100,000. +> +>The negative interest applies to both business and private ING customers with more than € 100,000 in their accounts. ING emphasizes that the interest applies per account and not per customer. Spreading money over several (savings) accounts at the bank would thus offer another chance to escape the negative interest rate. On the other hand, there are higher costs per month for holding multiple accounts. + +Conclusion: FUCK BANKS. CRYPTOCURRENCY'S ARE THE FUTURE. +I'm studying at a UNI in Germany while also working. + +I make around 700 euros per month and I'm able to save almost half of my salary, I was wondering if it would be wise to invest like 50 Euros per month in an ETF. + +I have some money already saved, I'm just asking if it's worth the hassle to invest only a small amount in an ETF, or maybe somewhere else. +Why does it do that? Is there anything I might have wrongly selected to trigger this? I don't really want to provide that, so can I just delete the account and create a new one? + +Alternatively, how much better will I be off at IBKR than at Degiro? I mostly have IE00BFZXGZ54 and IE00B3YCGJ38 which I buy once a month or so, so I'm not even sure if it's worth switching to IBKR over this. +Hello, + +Finally started thinking about investing, but don't know a lot where to start. For some context, I am from Lithuania, working as a software developer and want to start investing about €400 - €500 a month. + +First of all, I am thinking of investing into VWCE, as much as I understand, all dividends are reinvested into itself. +Secondly, I want to invest part of the money into individual stocks and and smallest amount into cryptocurrency. + +Here comes questions. +What broker should I use to buy VWCE? +Where I could start buying individual stocks? For now I have used Revolut for getting to know, play with stocks in small amounts. + +I am thinking of investing in this proportion: 60% / 25% / 15% + +Do you have any suggestions on proportions? I want to invest biggest part for a long term, but want to try some invest a part of money in individual stocks and crypto, just to learn a bit, without any regrets if those will be loses. + +Thanks for every input in advance! +First of all, DeGiro is not available in my country, and to use the NASDAQ you need to have a certified broker, usually a bank. + +The investment bank has horrible interest rates.. +-1%/year + +&#x200B; + +Im considering using a banks fund, in short term, the growth of the funds has been +-16% on average, but the main issue is, they take a +-2% management fee, is that a lot? I've read previously that anything above 1% is horrible. + +&#x200B; + +i'm planning on diversifying the investments into multiple funds, 2 short term, 1 long term and 1 peer2peer investment. +Hello everyone, appreciate all the advise from this sub, been reading for a while and now looking to hear your opinions on my plan. + +I'm currently living in Portugal and was previously living in UK so have a mix of savings in GBP and EUR + +Because of this I started a IB account so I can invest with GBP as well. I believe exchange rate will be better in the future so don't want to exchange everything to EUR now, and there is a small possibillity I will move back to the UK in future. Am I thinking about this in the right way? + +&#x200B; + +As for investments I'm planning 70% stocks and 30% Bonds (I'm 37 years old) + +ETFs: VWCE (accumulating is better for taxes here) + +Questions - is there a better world tracker with lower TER to use? Does it matter which exchange and currency I buy it in? Normal one seems to be in USD, would it be better for me to buy directly in EUR and GBP? + +&#x200B; + +VAGF : As I'm currently living in EUR country I understand my best choice is to buy in EUR hedged bond fund. I have read its not a good time to buy bonds due to negative interest rates but others say its still a good idea to reduce overall volatility. Thoughts? + +&#x200B; + +I don't have the stomach to invest everything in one go so will be speading it out over 2 years. I have approx 400k to invest, so thinking of adding 20K per month, is this a good frequency? + +&#x200B; + +Portugal specific : For cash holdings, is Certificados De Afforos the best option? + +&#x200B; + +Many thanks! + +(Using a throwaway account) +I'm about to move to Berlin and trying to estimate what apartment I can afford to rent. + + Wife will not have any income. + +[Numbeo](https://www.numbeo.com/cost-of-living/in/Berlin) tells me that cost of living for family of four is 2650 euros. I'm not sure how accurate is that. + +&#x200B; + +My wife wants 4-room (3-bedroom) apartment in Prenzlauer Berg or Tiergarten. But I'm afraid I can't afford that as from what I know it will cost around 2500 euros per month with utilities. + +&#x200B; + +What is my housing budget should look like? + +&#x200B; + +Berliners here, can you share your high level budget overview? + +&#x200B; + +&#x200B; +Hi! I am 50 yo, married, 2 kids 13 and 9. Slow and steady saver with good growing salary over the years, always lived below means. Worked in NYC media for almost 30 years, want to leave now while kids are still home, enjoy them, follow other interests/hobbies/volunteer, spend time with aging parents...get off hamster wheel! + +\-Currently 6.5MM NW + +\--350K cash + +\--2.6M 401K/IRA + +\--1.7M Brokerage accounts + +\--800K primary residence mortgage free + +\--500K weekend home mortgage free + +\--400K college funds (UTMA/529) + +\--600K investment property, 450k mortgage, renting 4K/mo + +\-2 cars paid for + +\-Monthly cost estimates: 15K next 8 years, plan to move to weekend home full time and rent out primary home, hopefully drop monthly costs + +\--can I retire now? advice on managing assets? +FIRE is a very interesting concept to me. Who wouldn't love to spend as much time with their family and kids when they're still young enough to enjoy their bodies and work only at their discretion. + + +However a huge concern I have is that from a medical perspective, there's a growing body of evidence to show that the later you retire, basically the longer you keep working, the less likely it is that you'll end up with dementia. It's not fully understood yet, but the basic concept is that working longer keeps your brain active on a more consistent basis, which probably prevents, or at least delays dementia setting in. + + +From my experiences in the medical field, dementia is a horrible way to go. What do the people of this sub think about the potential that FIRE could lead to earlier dementia? +**"Greenlane (GRN) continuing to demonstrate robust growth with record revenue up 30% and sales order backlog up over 350% over the same period last year."** + +**Third Quarter Highlights Include:** + +* Record revenue of $6.5 million in the quarter ended September 30, 2020 representing a 30% year-over-year increase from $5.0 million reported in the third quarter 2019. +* Gross margin of $1.7 million (26% of revenue), was 31% higher than the $1.3 million (26% of revenue) reported in the third quarter of 2019. +* Sales order backlog (note one) of $43.8 million, an increase of over 350% from the $9.6 million reported as at September 30, 2019. +* Sales pipeline (note two), valued at over $690 million as at September 30, 2020 versus $660 million as at September 30, 2019, reflects both the increase of more than $75 million in new opportunities and the movement of $48 million in signed contracts into the sales order backlog. +* Net income of $0.7 million (or $0.01 per share) and Adjusted EBITDA loss of $0.2 million\* in the three month period ended September 30, 2020, compared to a net loss of $1.8 million (or $0.04 per share) and Adjusted EBITDA loss of $0.9 million in the quarter ended September 30, 2019. The net income for the period ended September 30, 2020 includes a $1.8 million gain due to the reduction in the promissory note to Pressure Technologies plc ("PT"). +* Cash and cash equivalents of $5.7 million as at September 30, 2020 compared with $2.3 million as at December 31, 2019. + +**LINK:** [**https://finance.yahoo.com/news/greenlane-renewables-announces-third-quarter-210900434.html**](https://finance.yahoo.com/news/greenlane-renewables-announces-third-quarter-210900434.html) + + +I have some thoughts on GDNP, I'm interested to hear how others are thinking: + +\- It seems that most attention is on their fully compostable products for individual consumers and retails businesses i.e. food packaging. However they also offer recycled plastics in an industrial format. I know it's not as attractive from a green movement point of view but from an investment point of view I think this segment may represent significant earnings potential. I was reviewing multinationals like Coca Cola, Nestle, Uniliver, P&G etc and their plastics strategies largely focus on recycled plastics and reducing use of virgin plastics by 2025. A supply chain opportunity with an organization of this type could be feasible and quite lucrative and I think this is where the IPF acquisition makes sense. + +\- The flexible plastics packaging market size is enormous at approximately 160B USD globally. A few different reports seem to point to an annual growth rate of 4% from 2020 onward. I don’t expect GDNP to be a major disruptor in this market but I am confident they can take a small portion of this market share given their innovation combined with the timing of this “green movement” and developments such as phasing out certain single use plastics in Canada in 2021. I’m not certain what the competitive landscape looks like for them in Canada however I presume the barrier to entry is quite high for this industry. Hopefully the US under a Biden Administration would follow suit. The Trudeau, Biden continental alliance isn’t a bad place to start. + +\- I see over the last 3 years GDNP revenues has almost doubled YoY. I believe their revenues are expected to be around 16M CAD for 2020 and combined with IPF revenues (17M) they would be looking at 33M CAD overall for 2020. With Canada’s single use plastics ban catalyst, I would imagine their revenues could increase dramatically in 2022. Assuming they can achieve 40-50M revenues in 2021 would it be realistic that they surpass 100M revenue in 2022? I’m not really sure what kind of SP or valuation this would justify. + +\- These points lead me to believe they could become an attractive acquisition target by the likes of an Amcor or Sealed Air or maybe one of those conglomerates named above. I’m not very familiar with M&A but would an uplisting to the TSX increase their value? +Where is the value coming from? Pure speculation? + +Don't tell me it's the idea that Musk will reshape the world, every car company is now working on an electric vehicle and many can compete with Tesla's products. +I've never considered myself to be super great with money or investing in any sort. I just followed common sense tactics such as don't eat out at lunch during the week or by a new luxury toy when you don't need it etc. +Well last night I was at a pool party with some of my teacher friends when others started chatting about getting a new car and spending half their salary a month on the payment or hiring another maid to clean their house when they have no kids living with them. The list trickled on and on when I realized that absolutely none of them even had an emergency fund! I was the youngest in the group with a meager 11k in savings yet years ahead on savings than people in their fifties! +Many times I would view this sub an feel hopeless about retiring before 60 on my measly 30k a year seeing but seeing others in my career field completely flopping has given me new inspiration to keep my small stack growing. + +Is it really that big of a trend in the professional world where almost nobody saves or is that just my personal experience? I couldn't believe EDUCATORS of all people would be forcing themselves into a paycheck by paycheck situation. +I’m having trouble understanding how someone can gain cash flow from stocks. If you have $250k and invest it into S&P that’s great, now what? Your money will historically go up but when do you actually sell and cash out? How can you acquire passive income from this and make a living off of it? Or is the goal to just hold your money in the market, watch it grow, but never actually get to use it along the way +This Kafkaesque nightmare unraveled in an unusual way, and I hope this is useful for someone in the future, should something similar happen to them. + +A brief summary: + +- Bought my car for ~**£6k** last year, this was from a family member and the £6k was what the garage offered them as a trade-in price. + +- Had a no-fault accident. The car was written off. + +- The insurance company couldn't find a valuation on the Glasses guide, so sent an independent valuer, who valued it at **£3k**. + +Taking advice from the comments in the thread, **what happened next:** + +- Despite hours of arguing, using basic logic, and providing countless screenshots of identical cars at £6k to £7k, they couldn't possibly care less. They disregarded everything and said we'd wasted our time. + +- We escalated this to a more senior member. They reviewed the case and agreed with the initial case handler and said the valuation was correct and *'matched their research of the value'*. + +- We escalated this to the final decision team. They agreed with both the previous case handlers. Escalated it one last time with more arguing. Nothing. They'd done a superb job and everything looked great apparently. + +- I was furious. After trying all routes possible and getting nowhere, we had one last attempt, and my other half contacted a local garage and asked if they could find our car on the Glasses guide. **They could!** The car was showing on there for ~**£6k!**. + +- We provided this screenshot to the insurance company and we had a callback almost immediately. "Sorry, we can see the car on the system now, we're not sure what happened before! We'd like to offer you the Glasses guide value, and £150 compensation (+8% interest)". + +**Final Thoughts:** + +- I'm livid. Had it been down to them, they would have failed to find the car on the UK's biggest valuation guide, and an independent valuer would have been so appalling at their job to value it so badly. Then case handler number one would agree with it, and the company's internal process would mean case handlers two and three would simply nod and be done with it (irrespective of any evidence suggesting otherwise). + +- Everything about this stinks. It's a great process if everything is correct, however to simply disregard the customer otherwise is insulting and infuriating. + +- When questioned on their supporting research that they mentioned before, they said they'd looked at autotrader and saw some at ~£3k. This could not have possibly been true. + +- I was almost £3k worse off, had it not been for us finding the correct valuation from a third party. Not everybody knows about the Glasses guide, so other people in our situation may have been forced to accept the low value. + +- I still haven't accepted the £150 compensation. I'm letting emotions and principles get the better of me. + +Hopefully this is useful for someone in the future, or at least an anecdote from somebody in a similar situation. +The proposed tax plan in congress would get rid of backdoor Roth (effective immediately, conversions allowable until 2032) and megabackdoor Roths (in 2022). It also adds required minimum distributions, RMDs, to Roths greater than $10M. + + +I recently gained access to megabackdoor Roths at both my wife and I's work, and am in a position to max them out (\~$400K gross income, 60% savings rate). I was hopeful to retire with a fat nest egg of tax free dollars, but now that's going away! + + +What other tax avoidance strategies are there besides Roth? We have \~$600K in index funds split between pre-tax, post-tax, and taxable accounts. Does anyone plan on using life insurance loans to fake income (LIPR method)? + +[https://www.cnbc.com/2021/09/13/house-democrats-propose-new-retirement-plan-rules-for-the-wealthy.html](https://www.cnbc.com/2021/09/13/house-democrats-propose-new-retirement-plan-rules-for-the-wealthy.html) + +EDIT 1: Lower-cased ROTH to Roth. Noted conversions are allowable until 2032, not backdoor Roths. +I’ll try to keep it as short as possible. + +I’m 23, just quit my job 2 weeks ago (stupid me - I thought I hated it and now I’m even more fucked without income). I have ~$20k in debt from 9 credit cards (yeah, I know...), medical bills, collections, and student loans. My number one goal is to move out of my mom’s house again and be financially independent for the most part. + +The thing is, I’m not mentally stable. I have a bad pattern of missing work when I’m stressed and I lose money. That’s why I quit my job. I also have health issues, autoimmune stuff so that will always be a challenge for me, that and my mental health. It’s also difficult to find anywhere around here that is decent for rent. Plus when you have so many bills and expenses, you can’t even imagine rent - that’s how I was even when I was working making double the amount of a typical rent payment. I had wanted to move out early this summer when I got my job in the first place, and it didn’t work out. + +Sorry, rambling now. I just really want to move out and I’m not sure how to go about it. I’m applying for disability again. I’ve been denied before but I’m going to appeal it this time if it’s denied again. I’ll continue to try to find a job. If I get a job, it’s most likely only going to be part-time with less than 25 hours I’d say. I’m actually to the point where I’m literally thinking of asking for my old job back tomorrow but I’m afraid I’d just go back into my old patterns. + +You don’t have to solve my life haha, just curious what you guys might do. I’ve always thought I’d focus on the credit card bills and get them knocked out first to bring my credit score up, then move out. Any bonus ideas? Thanks for reading. +So, for context, my dad is disabled. He suffered a debilitating stroke a few years ago and was forced to retire at 63. He was not a very good financial planned and had only $13k in his 401k when he retired and no other source of retirement income aside from his SS. He has been receiving supplemental long term disability payments, but those are set to run out after February, slashing his monthly fixed income to about $2500 as opposed to the current $4000. + +He purchased his house back in 2010 for $220k with a 4.7% rate. His payment is right around $1500/mo. Obviously, on $4k/mo this was achievable, but now is less so with the coming loss of one of his incomes. He is currently seeking to refinance the remaining $177k at 3.2% to lower his payment to +/- $1000/mo. + +We have talked about me purchasing his house from him for what he owes on it. The arrangement would work 1 of 2 ways. 1. He would kick out his sister (useless) and his soon-to-be ex-wife (this may be problematic depending on how the divorce goes) and my girlfriend and I would move into the house. He and I would split the payment (which might be even lower as I have a credit score over 800 and excellent history while his is mid-600's with derogatory marks.) 2. Living arrangements would stay the same with him giving me the money every month to pay the mortgage while I stayed in a rented apartment. The downside to this is that, on paper, I would be paying 45-50% of my net income for two living places without it being on paper that he is paying the mortgage. + +The whole reasoning behind this is that the house is willed to me already. If I already own it when he eventually passes, that one less thing in dispute when executing his will. There is a considerable amount of equity to be gained by this as well. The bank, when speaking to his earlier, gave him an estimated current home value of $315,000. I take that with a small grain of salt, but his area has really exploded in the 10 years since he moved there and home values have gone up there across the board. + +The questions boils down to this: would this be a smart decision for us to make? +Hi all, + +I’m currently a 19 year old college student, my parents pay my tuition and rent, I don’t work at school, and I’ve saved over $10,000 from birthday money, holidays, small jobs, and just bits and bits of money here and there. My parents cover the cost of tuition so we have not taken out loans or anything. + +I feel like I should be investing this money or putting it into a savings account or just something. I opened a credit card a few months ago to start building credit. I would like some advice on what i should be doing with my money. +For those that have made it to the million mark and beyond, just wondering about the difference between the 1st 500K and the 2nd. Like in terms of time frame and how much easier was the second 500K since you then have income from the amassed portfolio? + +Also variations in asset allocation along the journey would be interesting if you can recall. + +For the typical working man with a decent savings rate. I was thinking that the first 500K might take about 20 years but then second might be closer to 10. Is that close to people's experience? + +P.S...how's that second million going? +Just wanted to say that HODL is a strategy I wish I'd never even run into. My portfolio was worth in January 5x what it is today, and anyone who - like myself - didn't cash out between December and April was just naive and greedy. I invested in spring 2017 and was up well over 500% in an 8 month timespan - not getting out then was just stupid. In no world should i have expected better than 500% return in a 10 year span, let alone an 8 month span. HODLing out for a 5000% return was just idiocy. + +I got out on Friday. I made ~15% in my year in ETH. It's not a bad investment, and in most lights would even seem like a good investment, but I'm admittedly kicking myself for not getting out earlier this year when my entire goddamn car could have been paid off with my portfolio. I'm lucky enough to be well off financially otherwise (which is why I gambled on ETH in the first place), but it's going to be a long time before I can forgive myself for passing up on a 500% return after 8 months, particularly as I continue to pay off my car for the next 4 years. + +Don't be greedy. Don't be stupid. HODL is a terrible investment strategy. Take a step back and ask yourself what your end game is and what you think the fundamentals support, price wise. + +Tl;dr Fuck HODL. +Hey all. I'm unsure if this is the right place to post, but I thought I'd give it a crack anyway. + + +I've spent the last two years in a protracted legal battle over a property from an abusive relationship which plunged me into a lot of debt. I finally reached an agreement to sell, which allowed me to discharge all of my (significant) debts. + + +I've moved cities as a consequence, where I've got <3k leftover after settling my debts, a decently-paying job, and no significant financial commitments. I'm a single professional with no dependants. + + +I won't go into the minutia, but as a result of said abusive relationship, I had all of my finances controlled for years where I've had zero oversight or understanding of my own money. I want to begin putting some money away, and I'm unsure where to even begin in regards to investing, saving etc. I'm extremely clueless about money, but I'm not dumb, so I'm sure I can figure it out like I've figured lots of other stuff out. My main goal is just a nest egg / security rather than "buy a house" or "buy a car" etc. + + +I don't want a comprehensive plan, but just some pointers or anecdotes from people who've been in the same position would be amazing. Thanks guys. +First of all I'm not suggesting people should buy or sell their crypto right now this is simply just some simple facts and my opinion. + +I need to preface this by saying the crypto space is in a much different place than it was in at the end of 2017. More people are knowledgeable about blockchain technology and the cryptocurrency industry at large. It's come a long way in a short amount of time. + +However every winner is bound to pick up a few "glory chasers" on their way to stardom. Everyone loves a winner, especially a money making winner. And just like seemingly everyone became an overnight Golden State Warriors fan when they found amazing success with the splash bros, the same happened with crypto the last year+. People who were in the past making fun of it were suddenly asking what's the best way to buy Bitcoin. Everyone wanted in. Now many of the tag alongs who were only interested in the gains are jumping off, predictably. + +I see so many shills on this sub commenting something along the lines of "now is the time to buy" and regardless of their intentions I feel like an extremely volatile time like this is not a very appropriate time to give out biased opinion based suggestions of whether people should be buying or selling. + +Maybe this is the exact time to buy who knows but it's certainly not a time to risk money you can't afford to lose, given the history of Bitcoin. + +------------------------------------------------------- + +According to Yahoo Finance Bitcoin peaked in value on: + +**December 16th 2017** when it was valued at **$19.716** per coin. + +Then the crash began. + +Bitcoin didn't reach it's true floor until a **year later**: + +On **December 15th 2018** when it was valued at **$3.191** per coin. + +In the span of a year it lost **~84%** of it's peak value. + +It took **three years** for Bitcoin to get back to it's late 2017 peak: + +On **December 16th 2020** it finally reached the $19.716 mark again, closing out the day @ $21.310. + +No two crashes are the same. Some take years some take months others a single day. We have no idea what's going to happen but sure as the day is long this is an extremely volatile time so please be careful both with your own currency and what you recommend other people to do with theirs. + +**Edit:** + +Please take care of your mental health. If you're really going through it, talk to somebody about it, anyone, or write it in a note or on a piece of paper. Just getting the thoughts out helps. Exercise and puppy videos also don't hurt. This will all pass, it's just a matter of time and patience. +This post is not intended to spread fud, please don't take it that way. What's that saying, those who won't learn from history are doomed to repeat it or something rather. It's better to least know a little about what happened last time and be mentally prepared if it should happen similarly this time. The turn around will hopefully be quicker this time. +So I am looking for a new job while currently employed. Today I got a call from a recruiter based on an application I filled out on Indeed. The conversation was going swimmingly until he asked how much I am making right now. I told him I'm not comfortable disclosing that information, but I did inform him how much I would consider leaving my current job for (I am looking more to see what's out there). I added that I would entertain all offers but that I would not leave my current position unless I was compensated enough for it. + +Is this customary for recruiters to ask or did I do the right thing? +I have just under $7,000 in student loan debt. I just recently received a settlement from a lawsuit and have enough to pay off my student loan completely all at once and still have a decent chunk left to put into savings. I want to pay it all off and be done with it but all my friends say that’s stupid and I should continue to make regular payments and get tax deductions. Thoughts? +31M. Expecting to retire in about 2-3 years time with NW CA$5m (US$3.6m). Want 2-3 kids, first one by 35. + +I’m from / currently based in an Asian country (Singapore). So no universal healthcare, relatively low taxes, great business opportunities. Mostly I don’t think too highly of the kind of values my society carries, and would prefer to raise kids and build my family elsewhere. (No family at all at the moment, so almost absolutely no obligations.) + +The countries listed above tend to be a bit more progressive with their policies, laws, and general societal norms, I feel. I’m also excited about the opportunity to live in a new environment altogether and start my life anew, in a way. + +Canada currently ranks highest for me, due to a sizeable Asian community, and proximity to US. + +Wondering if anyone has any thoughts on a preferred/ideal country to retire, and any specific opinions on the above listed countries! Let’s discuss and share ideas! :-) + +Edit: I’d most likely still keep a home base/ buy a house in my home country and keep my business entity running to fulfill immigration obligations, if I were to apply through the entrepreneur visa route. +A friend reached out about a secondary market investment in spacex. Minimum is $150k, we would split it 50-50. Would be at a ~$100B valuation. 20% carry, plus a one time 10k fee. + +I’ve never made a private investment like this. How should I evaluate it? NW 2m, income 700k/yr, expenses 100k/yr. I think I can afford it, but it’s illiquid and would be locked up for a while possibly +The OP of that post left out a bunch of stuff, and the more you read it it becomes obvious there is something else going on there. The OP also did not post any evidence at all + +1. Grandfather sends huge amount funds from a business bank account to a personal Binance US trading account despite Binance US making it clear they dont accept any third party transfers. + + +2. Grandfather did not test a small transfer, but sent such a large sum right away to a newly opened account? + + +3. Grandfather supposedly sold the business but is still using the bank account of the business he sold?! + +4. The posters went 8 months without contacting a lawyer for such a large amount? Wire transfer issues = top hits on google include get a lawyer. + +5. Grandfather is supposedly scared of online banking, but is comfortable using protonmail.. Protonmail itself raises flags and combined with operating a bank account of a business he supposedly sold is not a good look. Privacy is great but using such emails for a fiat exchange (which is almost like a bank) is just asking for trouble. + +Decentralised finance is great, but when dealing with crypto fiat exchanges, they are more or less similar to banks and have to abide by all the AML laws and regulations, some of which even require the exchange to inform Law Enforcement Agencies when any AML red flags are triggered. And if LE is involved, and if there are investigations underway and/or unsealed indictments with any of the parties involved, the exchanges cant communicate with the OP about what is going on and can even be asked to shut down the account without any warning or further information. + +There are numerous incidents where banks have closed users accounts without any warning or reason. Sometimes the banks are even accused of closing customer accounts with funds stuck in them and there is no apparent way for the customer to get the funds back. Its not the case that these banks are stealing customer funds. A large bank like Bank of America has no reason to steal funds. But all financial institutions have to comply with federal and international money transmitter laws which include lots of AML checks and if there are flags, freezes on funds and locks on accounts. Binance, Coinbase etc all have to follow the same laws too. + + + +PS: Before the accusations start pouring in, Im not a binance employee, I have called them out numerous times. [1](https://reddit.com/r/CryptoCurrency/comments/lr3jbo/binance_has_stolen_cryptopunks_artworks_which/), [2](https://old.reddit.com/r/CryptoCurrency/comments/lv4o1n/is_binance_smart_chain_centralised_or/), [3](https://old.reddit.com/r/CryptoCurrency/comments/lrlb4k/binance_chain_is_full_of_incompetent_projects/) for the less than ethical stuff going on there... +From many news media outlets and youtuber finance experts and stock gurus, I keep seeing the notion that the stock market is heavily overvalued currently relative to its former valuation metrics that have held for decades. + +To be honest, this is true, and they're not wrong, but what they fail to take into account is that until interest rates go up and/or median home prices come down, for the VAST majority of Americans there are only the following ways of avoiding poverty: education (becoming less and less worth it for most degrees), fraud (risky AND makes you a piece of shit), literal gambling, poker (which I don't classify as gambling if you're highly skilled but is NOT easy to be consistently profitable), starting your own business / youtube / social media (risky if you go all in and not definitely for everyone), and investing in stocks (admirable, and dramatically easier than all of the above to be profitable). Investing in housing is a very viable way to make money, but when the median home price is $400,000 this is no longer accessible to the everyday American for younger generations as a means of building wealth (fuck boomers, they have literally written and enacted laws that benefit them and only them throughout their lives). + +Until investing is no longer the "easy" and accessible way to succeed in life for the everyday American, the stock market is going to perpetually be "overvalued" by former metrics and dips will always have rapid recoveries. + + +So when people and institutions say that the market is "overvalued" take this with a grain of salt and when the market reaches "insane valuations" rest assured you can ignore this until there is another more reliable means of ACTUALLY BEING ABLE TO FUCKING RETIRE SOME DAY. +My wife has been interested in horses pretty much since I've known her but she has never been a horse owner due to financial reasons (man are these expensive!). + +If you've ever looked into it, it's not really the cost of buying the horse that is expensive. The true cost of owning a horse comes from the regular cost of boarding it, feeding it, and all the other stuff that you need to do to keep it healthy. + +I have always had aspirations of getting her a horse but it's never been in the cards due to financial hurdles. Having said that, I finally found myself in a position where I am financially well off enough to afford a horse... maybe. Neither one of us has ever owned a horse before and I have a sneaking suspicion that we may not be considering all the things we may need to be. + +She takes lessons regularly and has many friends who do own horses but, like with every other hobby I've been involved with, there are always hidden costs that creep up. I don't know what hidden costs there may be and I'd like to ask some people who already own horses what it is actually like. + +Here is a breakdown of what I am anticipating per month based on information from the barn she rides at: + +* Board + Feed + Lessons: $650 +* Shoeing: $80 ($120/6-8 weeks) +* Fecal Dewormer: ~$4 ($20-40/year) +* Dental: ~$6 ($70/year) +* Vet Fees (yearly checkup and shots): ~$17 ($200/year) +* Total: ~$757/month + +I think these numbers are about right because they're coming directly from the barn owner that the horse is currently located at (and currently paying for). That said, I obviously have no frame of reference and Google is not the best source for this kind of information. In addition, I'm uncertain about hidden costs and other considerations we haven't made like: + +* Is horse health insurance worth it? When is it worth it to just self-insure? +* Can we rent trucks with horse trailers or do we have to buy? +* Other stuff? I honestly don't know. + +#TLDR: My wife wants a horse. How much does it cost? What are the non-obvious things I need to consider? + +Edit: +Wow, I didn't expect this to blow up nearly as much as it did!  + +Thank you to everyone that spent the time to write a response. Your responses have been very eye-opening.  + +It seems there were a couple of common questions. I'll try and answer some of them below: + +* The amount listed for board includes the indoor stall, food, lessons, and all cleaning/etc. I'm told she wouldn't have to do anything with regards to the stall/feeding/etc. +* The horse is a female Morgan in her early teens.  +* As far as health concerns go, the horse has a club foot and certain skin allergies. I'm told the club foot issue sounds worse than it is and the horse rides like she doesn't have one. I'm not 100% sure how bad the skin allergies are but apparently "it's under control now and there haven't been any recent flareups."  +* My wife is an experienced rider. She has been riding horses for close to twenty years now but she hasn't owned her own before. Most of her knowledge of the ownership experience is secondhand through close friends who have owned horses for a long time. +* My wife has been riding the horse in question for close to two years now. They ride in the dressage style. +* The barn has an indoor, heated, area for riding connected to the stables in addition to the one outside.  +* My wife is interested in showing but would primarily be showing at the barn the horse is kept at (but there's no doubt in my mind she would want to expand on this).  +* When I was asking about insurance, I was thinking of health insurance like you'd get on a pet - not life insurance.  + +For those of you who have made the comparison to a boat, that hit a nerve. Thank you for making the comparison! I don't own a boat but I have many friends who do. They introduced me to the BOAT acronym (**B**ring **O**ut **A**nother **T**housand) and it sounds like that also applies here too. + +Regarding the current owner, we don't think that her trainer is trying to pull a fast one or anything like that. Frankly, she has been absolutely amazing. We think she is just attached to the horse and would prefer to keep her (the horse) at the barn with a rider she's familiar/friendly with.  + +I've seen a lot of recommendations to lease or seek a lease instead. I think that is the best option here too. My wife and I have spoken about this in the past but we haven't done much research on it because up until today this horse has pretty much been a free lease for her where she only pays for lessons. My wife has been the primary rider for the last two years with only one other rider riding the horse for a brief stint (~~just a few weeks~~). Edit: I was incorrect. The other rider is now a regular rider of this horse too. + +The only reason why we're even discussing "adopting" this horse is because the trainer sent us a message this morning mentioning that she had a potential buyer coming down to look at the horse soon. She has mentioned that she would be willing to give the horse away to my wife for free several times over the last two years because they've built such a strong relationship (this applies both to the horse and the trainer herself). + +That being said, I agree with most posters out here that this is a bit more than we bargained for (even for a "free" horse). We are going to approach the current owner to see if leasing is an option. If it isn't, we'll bide our time and try to find a the right lease with the right horse/owner. + +Again, thank you all for your replies. It is very much appreciated! +Recently ive been thinking a lot about salary ceilings, particularly with respect to my industry (pharma/biotech). For this purpose ill focus on only W2 employees with the understanding that there are plenty of other ways you can get to success (contracting, consulting, etc.) + +I see a lot of posts here from folks in the tech industry/silicon valley so wanted to add some thoughtful content external to that. All of these thoughts are my opinion, feel free to refute, Im always open to learn. + +&#x200B; + +In my industry ceilings are higher than most much lower than the Tech posts I see here. Certainly access to options is harder and less financially rewarding. Ill also ignore any salaries that relate to x- medical Drs. as their salaries tend to skew things significantly. In this sector, I see things divided in a few ways + +* Pharma companies – traditional companies, options offered at the director level, @ VP level \~ 300 base + 100k bonus + Stock 150k + * Observations – HARD to get to a top level in these companies, it takes a long career of success, strategic jumps, mentors, and luck. There is also high turnover at this level (although often with a golden parachute) +* Biotech companies – smaller, higher risk, options offered at virtually every level, approx. ceiling – unlimited based on how well your options do, if you IPO, etc. etc. etc. Interestingly base salaries + bonus can mirror those in pharma or even pay higher + * Observations – somewhat easier to climb the ranks here but highly dependent on the success of your drug, high-risk high reward, MOSTLY requires being in a hub location like Boston, NYC/NJ, SFO, Seattle so higher cost of living as well. It’s also much harder to get into one of these companies unless you have some previous experience in one of the other industry sectors +* CROs – contract research is inherently a way that pharma/biotech cuts costs as such salaries here will be lower, vp (or even SVP) comp can cap out \~350 all in + * Observations - it’s very easy to work remote for these companies but the workload is high and sh\*t rolls downhill, it’s a good place to start a career and you can always jump to competitor CROs for a decent bump but can be hard to exit to a pharma or biotech org as CRO work is somewhat looked down upon +* Tech vendors – Realizing a huge surge right now with COVID and the industry is more open to adopting new tech. VP level – 250 + 100k bonus + 100kish stock + * Observations – tech vendors are (like CROs) constantly at the beck and call of industry. They are highly dependent on selling new products but must balance the industry’s traditionally slow approach to new tech adoption (bc of regulations, etc.) Climbing to VP at this level can be easier if you have a decent sense of how to manage people, build relationships etc. +* Consulting and Sales– ignoring for now as this is a whole other bag. If anyone is interested I can do another post focusing on this. + +From all of this you might say 'well of course focus on biotechs.' I’m not disagreeing, I think it’s where the green is right now if you can hit it right BUT I also believe our industry is going through unprecedented growth in this sector. With the political landscape shifting and economy potentially slipping into a recession I could imagine a lot of these biotechs will be hung out to dry without realizing the high acquisitions or IPOs we have seen over the past 7-10 years. + +I don’t really have a conclusion, ask, or so what to state at the end of this. A lot of this is stream of consciousness but based on my experience in the industry for 10+ years. I also havent factored in the advanced educational component of what it takes to get to these levels nor did I discuss the wonderful and driven people you will meet along this path. For me, this industry is where I want to be and I'm passionate about the work - regardless of the ceilings. + +At the end of the day, no one really goes into pharma for the money …. But it doesn’t hurt to see where you may land 😉 +Over the past few months there have been several posts here either from individuals who fatFIRE'd and were lacking something, or others who are FI and wonder aloud at what RE really would offer them, and still others who are looking for things like board seats, flying lessons, or yacht recommendations. (Okay, maybe not exactly that but you know what I mean). + +Today I discovered that a prior president of the American Psychological Association (1996) and currently director of UPenn's Positive Psychology Center, Dr. Martin Seligman developed the PERMA theory of well-being, consisting of five independent building blocks that are pursued for their own sake (and not a means to an end). + +They are: + +1. Positive emotion, we can increase our positive thoughts about the past through forgiveness and cultivating gratitude, the present through mindfulness and having fun, and future thru hope +2. Engagement, a full deployment of skills, strength and attention; it's the Csikszentmihalyi concept of "Flow" if you are familiar with it +3. Relationships, connection to others, that give life purpose and meaning and contribute to well-being, who we get support from and can be powerful antidotes to whatever is bringing us down +4. Meaning, derived from belonging to and serving something bigger than myself. This can be through various institutions that can enable this sense of meaning (family, religion, science, politics, work organizations, social causes) +5. Accomplishment, whether through the workplace, hobbies, sports, games; we are wired to get things done + +Just sharing these thoughts in the context of being here at fatFIRE. How satisfied are you today? And in which way do these five dimensions of Life Satisfaction are lacking - or are doing well - in your current situation? +Each state should have a website that you can search to check whether you have unclaimed paychecks, overpayments,, security deposits etc. It's always worth a look! + +edit masterlist: Alabama: https://treasury.alabama.gov/ + +Alaska: https://unclaimedproperty.alaska.gov/ + +Arizona: https://azdor.gov/unclaimed-property + +Arkansas: https://auditor.ar.gov/search-for-property + +California: https://www.sco.ca.gov/upd_msg.html + +Colorado: https://colorado.findyourunclaimedproperty.com/ + +Connecticut: https://portal.ct.gov/DCP/Common-Elements/Consumer-Facts-and-Contacts/Unclaimed-Property + +Delaware: https://unclaimedproperty.delaware.gov/ + +Florida: https://www.fltreasurehunt.gov/ + +Georgia: https://dor.georgia.gov/unclaimed-property-program + +Hawaii: https://unclaimedproperty.ehawaii.gov/lilo/property-search.html + +Illinois: https://icash.illinoistreasurer.gov/ + +Indiana: https://www.indianaunclaimed.gov/ + +Iowa: https://www.iowatreasurer.gov/for-citizens/great-iowa-treasure-hunt + +Kansas: https://unclaimed.org/reporting/kansas/ + +Kentucky: https://treasury.ky.gov/unclaimedproperty/Pages/overview.aspx + +Louisiana: https://www.treasury.la.gov/unclaimed-property-1 + +Maine: https://www.maineunclaimedproperty.gov/ + +Maryland: https://interactive.marylandtaxes.gov/individuals/unclaim/default.aspx + +Massachusetts: https://www.mass.gov/orgs/unclaimed-property-division + +Michigan: https://unclaimedproperty.michigan.gov/ + +Minnesota: https://mn.gov/commerce/consumers/your-money/find-missing-money/ + +Mississippi: https://treasury.ms.gov/for-citizens/unclaimed-property/ + +Missouri: https://treasurer.mo.gov/unclaimedproperty/ + +Nebraska: https://nebraskalostcash.nebraska.gov/ + +Nevada: https://www.nevadatreasurer.gov/unclaimed_property/up_home/ + +New Hampshire: https://www.nh.gov/treasury/ + +New Jersey: https://nj.gov/treasury/unclaimed-property/ + +New Mexico: https://unclaimed.org/reporting/new-mexico/ + +New York: https://www.ny.gov/services/find-lost-money + +North Carolina: https://www.nc.gov/living/housing-property + +North Dakota: https://unclaimedproperty.nd.gov/ + +Ohio: https://com.ohio.gov/unfd/ + +Oklahoma: https://www.ok.gov/treasurer/Unclaimed_Property/ + +Oregon: https://unclaimed.oregon.gov/ + +Pennsylvania: https://www.patreasury.gov/unclaimed-property/ + +Rhode Island: https://treasury.ri.gov/programs/unclaimed-property + +South Carolina: https://treasurer.sc.gov/what-we-do/for-citizens/unclaimed-property-program/ + +South Dakota: https://sdtreasurer.gov/unclaimed-property/ + +Tennessee: https://claimit.treasury.tn.gov/en/Property/SearchIndex + +Texas: https://comptroller.texas.gov/programs/unclaimed/ + +Utah: https://treasurer.utah.gov/up-overview/ + +Vermont: https://www.vermonttreasurer.gov/content/unclaimed-property + +Virginia: https://www.trs.virginia.gov/Unclaimed-Proper + +Washington: https://ucp.dor.wa.gov/ + +DC: https://cfo.dc.gov/page/unclaimed-property-how-reclaim-property + +West Virginia: https://wvde.us/wp-content/uploads/2021/07/Claim-for-Abandoned-Property-Form.pdf + +Wisconsin: https://statetreasurer.wi.gov/Pages/UnclaimedProperty.aspx + +Wyoming: https://statetreasurer.wyo.gov/unclaimed-property/ + +Canadian: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html +BTC supporter here since 2014. + +When my son was 1 year old back in late 2016, I used up all his birthday money to buy bitcoin for him. Put it on a ledger and kept it away since. My wife told me to sell at $5000, at $10000 and $18000, but i hold it ever since, now she already know I will keep my promise to just give it to him when it is time (probably not at 18, because most youngsters are still retarded at that age) + +Anyway, I am so anxious to see his reaction when I tell him he has a certain amount of btc :D and that his 'old fashioned' dad was good for something :P + +I hope it will make him instantly financially stable/independent. Or maybe I will get to hear why I didn't sold at $18000 back in 2017! You should have listened to mum! + +&#x200B; + +&#x200B; + +# Wow what crazy karma post :) thanks people. I try to answer some questions that were asked. ! + +&#x200B; +Edited for typo and added bullet point + +&#x200B; + +Hello! Longtime fan of FIRE (doing it before I knew it was a thing). I love the back-and-forth discussions around SWR; it seems like the real answer is "we don't know", since it's always possible that the future will be structurally different in ways we don't forecast. + +Nonetheless, I thought I'd give my 2 cents as an industry research economist. + +As we all know, the 4% is based on historical S&P500 data. The draw is that it's based on a LOT of history, something like 80 years, including tons of ups and downs, wars, technological breakthroughs, etc. However, let me make the case why it might not hold true for people like myself (mid-30's, living in the US, invested in a lot of US equities). + +In a lot of ways, equity prices come down to expected corporate earnings (I say expected, because the price at any given time is a type of forecast of future earnings/cash flows, discounted to present value). + +&#x200B; + +If we look structurally at the US economy, however, it's started to look more and more European (no judgement here!): + +* The workforce is trending older and more educated +* Long-term prime-age workforce participation continues to tick downward +* By many measures (maybe all?), both supply and demand for labor are getting less dynamic + * New business formation rate has decreased, while avg. firm size, quits, hires, time-to-hire/fire are increasing + * Concentration has increased (airlines are an easy and concrete example), leading to less innovation and competition within industries + * Movement by individuals (within or between states) is way down from a generation ago + * Family size continues to decrease + * Increase in occupational licensing (from 8% in the 1950's to roughly a quarter of workers today) + +&#x200B; + +All of these things lead me to believe that the next 30 years of the S&P 500 may look more like the CAC40 (not good for long-term investors). What do I do? Well, I'm happily working, and a long way from FI, so I have the luxury to worry about this in theory, not practice. + +&#x200B; + +FWIW, there's a really strong case to be made that the 4% is probably fine- it boils down 4% still being a lot lower than the average total return, so a decrease in long-term returns from 8% to 6% may still be OK. But hopefully this can at least provide some food for thought for those here that are interested in possible determinants of long-term equity prices. +Hello, it seems like this pandemic has created a bit of a disconnect (dare i say, undervaluation??) between REIT price and cost of their underlying assets. i haven't actually analyzed any of the big REITs in any detail, but it seems strange to me that while prices are rising all across the country in a buying frenzy, REIT values are stagnant or in decline, some of them at just 50% of their valuation in January '20. + +anyone else see this, or do you think the current depressed price of REITs is justified? will there be a correction in the short-medium term (1-5 years) and REITs will bounce back? i'm currently interested in REITs around GTA and maybe BC, with the liberals new plan to bring 400k new permanent residents per year, i think residential REITs around will need to bounce back at some point... +After chatting with parents and older friends I realised that some are still benefitting from products and services which no longer exist (or are more expensive now). With every little bit adding up I'd love to hear of other grandfathered products you have access to or use so maybe we can all keep an eye out for things we should hold on to today. + +I think it also makes an interesting talking point when older generations say they had harder financial times but have access to these services (some mentioned below). + +Some examples which come to mind; + +* Coffee subscription which hasn't changed price in 10 years +* Defined benefit pension scheme +* Lower max credit cards (great for home loan applications) +* Home loan accounts with fee free offset accounts + +They can be big or small savings, and any tips to retain old pricing would be great too! +I hate seeing the phrase "meme stocks." It's just another way to spread FUD and de-legitimize the incredible amount of effort that folks have put into DD for GME and other stocks too. Just because retail (stupid poor people, according to the hedge funds) found them first and shared that knowledge freely on open forums doesn't make them fucking memes. GME is not a meme. It is an incredible opportunity for a squeeze because hedge funds made a bad bet and are going to have to pay for it. These people at the top who have access to trillions of dollars, pull strings to promote fake stories via TV "news" outlets and shitty online "financial news outlets," and manipulate the market because they know they won't ever be held accountable are just pissed that there is a coordinated, de-centralized group of people who are gonna just buy and hold. They call us stupid over and over and over and some people just eat it up if they don't actually sit down and read the damn DD. They got poor people fighting with other less poor people because supposedly if you buy a "meme stock" you're an idiot. + +In my mind when I see this crap I just think about DFV. + +"We'll see." + +And we will. We out here moving like murmurations and schools of fish and it's goddamn beautiful and I appreciate all you smart apes for giving out brain wrinkles like Oprah gave away cars. + +I'm 36 years old and I'll never forget 08 when them fuckers ruined our parents/our lives. And then drank champagne and laughed about it. Their classism will be their downfall. + +BUY HOLD VOTE! BE EXCELLENT TO EACH OTHER! ROCKET EMOJIS ETC ETC +Hi all, + +Due to the nature of my job Ive been paid a large bonus today but have paid a significant tax on it(Circa 6k). + + I expect i will receive a few more larger pay bonuses this year my question is, is there a way i can make this more tax efficient? + +I currently pay 5% into my pension which my employer will match up to 5%. + +Would it make sense to increase this contribution when i know I'm due a large bonus? Would that help me reduce the larger tax on the bigger pay days? + +I'm pretty young so tax is something I'm trying to get my head around, Any advice and help here would be much appreciated! +Hey everyone! + +Just a tiny background, I'm 28, newly on path to FI but trying to fully for it over next 10 years. + +Recently had a break up, it was only 6 months in but I feel that my wanting FI was a source of stress or at least contention. + +When is a good time to bring up FI in a relationship? Or can a relationship work if the other person isn't in board with FI? Finally, how is it best approached? + +I'd be interested in hearing other people's opinions about this! + + +I realise that not everyone will be on board with FIRE, so I don't talk about it much with friends/family. But I'd like to be completely open and honest in a relationship. + +EDIT: I think stress was a poor choice, but it was more something that separated us a little in that I liked to plan ahead every so often and reassess. I am not about living on the cheap, I still enjoy and do everything I want to do and we always went on dates and enjoyed ourselves. She just hated thinking about finances and planning ahead financially. It's not something I could really understand, but I am beginning to realise that the FIRE community is the exception rather than the rule. Most people hate financial planning, especially in 20s/30s. +I see post daily about losing control of emotions and not following trading rules. +This is just plain stupid and it will end your trading career. +Things sometimes go to shit and you don't know what to do. + + +Luckily there is an easy solution. +When things are not going as planned or you don't know what to do or what is going on. +CLOSE THE DAMNED POSITION. + + +If you do not know what to do or what is going to happen why keep the trade? + + +Maybe you will miss out on some gains. +But in the long run this will benefit you. +Well, we are here, for the first time ever price is lower than 5 years ago. + +Dec 11th, 2017: 17,270. + +Today: 17,165. + +They said never again under 20k. They said you will always profit if you hodl 5 years. This bear market is testing our patience really good. Hodl on!!! +Yikes. Maybe a cautionary tale. For the first time my quarterly dividends have gone down. + +The ones that were cut/reduced +T +BHP +SHEL +VDIGX + +2022 first quarter $550.89 +2022 second quarter $397.02 + +This is just the taxable account. 15 individual stocks and 4 ETFs, account value almost $20,000. Anymore this is why I just try to buy ETFs. I have owned most of these stocks for a few years now. + +Can someone tell me what the lesson here is to learn? Or is this a run of bad luck? I was wondering if I had some missing dividends because it’s the end of the quarter but no, that’s all there is. + +Doesn’t anybody else’s account do this? I’m along for the ride, I’ll just double down and keep on investing. It’s only money but it feels a little stressful getting less dividends rather than more. +XOM is at a huge discount with an insane % dividend for how strong the company is. They seem bound to profit when oil bounces back, which it will. + +ABBV is just a solid medical company with decent growth prospects in both stock growth and dividend growth. + +Do any of you own these and care to elaborate why? +People are literally living in their cars waiting for this. I told her the truth: I will die before I sell these fking shares. It sounded strange coming out, but that’s the facts. +Hedgies, adjust your tactics, because I’m not the only one. So you’d better hire a nerd to write a computer program that accounts for retards holding from beyond the grave, because that’s who dafuk we are. Good Luck. We can wait longer than your actual lifetime. Deal with it. And get fukt. +I have read one of his books (Anti-Fragile) and liked the concept in general. But, what do you think about his viewpoints when it comes to finance and investing? + +Here's how to do it: + +1. Prepare a safe second device, like an old phone (or a new one of course) +2. Open Google Authenticator on your main device +3. Tap the three dots in the upper right-hand corner of the screen +4. Tap transfer +5. Tap export +6. Tap next + +This shows a QR which you can then Import on another device with Google Authenticator. You cannot screenshot it on Android. + +Do this before you lose your phone or before it goes tits up. Going through the 2FA recovery process without a backup is HELL ON EARTH. +Prior to the current economic situation I used to dry clothes in a small room with the heating on and a dehumidifier. The gas costs were a lot cheaper, of course, but the dehumidifier was always energy intensive at around 500w/hr. Now with my electricity coming in at 30p/kWh and likely to rise alongside gas prices in October, this cannot be the best way to dry the family's clothes. + +So what should people do? I'm thinking my washer dryer off-peak (00:30 - 04:30 on my current tariff) would be good? I know you can buy heated clothes dryers but I think they're pretty electricity hungry? We have a 16 month toddler in reusable nappies so we have to do a wash at least once every two days...just feels like this basic chore is going to start stacking up on terms of cost. + +What are others planning? I know this might be down the list vs. paying for food or deciding to put the heating on but everyone needs to do laundry. +My mother this morning has received a default notice letter from a payday loan lender. She did not take out the loan and it’s obvious that a fraudster has used her name to take it out, she was a victim of fraud in the past and had a protective CIFAS in her name which expires this year so I don’t understand how this happened... We can’t call the lender until Monday because they’re closed on weekends, I was wondering if we can do anything about this? My mother is worried sick about this. + +We are in England. +Restaurant Brands International Inc. saw the pandemic take a big bite out of earnings last quarter, with sales down 31 per cent year over year despite a rebound during the past month as commuters return to the roads. + +The absence of morning coffee consumers and afternoon snack seekers for much of the second quarter pushed down profits at the parent of Tim Hortons and Burger King by 37 per cent compared with a year earlier, the company said. + +“The pandemic has had an especially pronounced impact on routine-based visits, including on the morning commute and afternoon snack occasions, which each represent a significant part of our business,” RBI chief executive Jose Cil said on a conference call with analysts Thursday. + +Nonetheless, system-wide sales have climbed back to 90 per cent of their pre-COVID-19 levels, he said. + +Most RBI locations in Canada and the U.S. remained open during the outbreak, but the company shifted heavily toward drive-thru and delivery as patrons shied away from bricks-and-mortar locations and dining areas became no-go zones. + +Drive-thru sales - some 12,000 of RBI's roughly 15,000 storefronts in Canada and the U.S. sport drive-thru windows - rose at least 10 per cent at Tim Hortons by June, 20 per cent at Burger King, 100 per cent at Popeyes, mitigating the larger revenue plunge. + +The company has added nearly 3,000 more restaurants to its delivery network in Canada and the U.S. since February, bringing the total to nearly 10,000. + +In spite of the boost in off-premise service, the pandemic drove a steep revenue decline at RBI's two biggest brands, with sales at Tim Hortons and Burger King shrinking by one-third and one-quarter, respectively. + +“It's been a tremendous challenge for folks in our company, at the headquarters as well as our franchisees and the folks in the restaurants that are working every day to service through drive-thru and delivery,” Cil said in an interview. + +A sales surge at Popeyes helped soften the blow, and RBI said virtually all 27,000 restaurants across the three brands are now open again. + +Net income fell to US$163 million in the quarter ended June 30, down from US$257 million a year earlier, RBI said. + +The Toronto-based company, which reports in U.S. dollars, said revenues fell 25 per cent last quarter to $1.05 billion from $1.4 billion in the previous year. + +On an adjusted basis, diluted earnings plunged to 33 cents per share from 71 cents per share, nonetheless exceeding analysts' expectations of 31 cents per share, according to financial markets data firm Refinitiv. + +https://www.bnnbloomberg.ca/tim-hortons-sales-fall-by-one-third-as-rbi-feels-the-pain-of-pandemic-1.1476390 +Must not be a fork, meme, food, or has finance in it's name. Something that has potential 100x in this bullmarket and real usecase. Preferably listed on a cex and has not already gone 10-20x. + +Comment your picks below. +[$9M Market Cap] StrikeCoin $STRIKE - Releasing MASSIVE News + +**TradeStrike** are currently in the early stages of creating a massive trading platform, that will include Stocks, Crypto, NFTs, Forex & Real-estate. All on one platform, built on blockchain technology. + +**$STRIKE** will be the sole-currency of the platform. This means to use the application you will have to buy Strikecoin to trade other assets, whether Stocks or Crypto... + +&#x200B; + +**Key Points** + +* The project is in the early R&D phase (Research & Development) +* High demand for a reliable application with lack of competitors/alternatives +* Determined, Disciplined & Transparent Team +* Great Supply Structure +* Growth in Industry is gigantic + +&#x200B; + +CATALYST **StrikeLite** their first product, a **DEX Crypto Exchange** is a massive leap forward in their roadmap. They are working on releasing it **within the upcoming weeks**. This will allow investors to; + +* **Swap** \- exchange your coins and tokens. +* **Stake** \- earn rewards by locking your StrikeCoins. +* **Farm** \- lend your tokens, earn big rewards. +* **Pool** \- Stake with others for even faster rewards. + +Investors & Holders have been enthusiastic, as this will also assist in already **establish a user-base** for when the final platform is out and a way to **generate revenue** in the early stages in a massive market, take for example Pancakeswap - $CAKE with a peaking Market Cap of $7 Billion. + +They are also looking into releasing their own Wallet, which will be a need for their final product & are looking at getting it out much earlier than anticipated. Although this is currently only being looked into. + +&#x200B; + +**Competitors** The current brokerages for stocks & crypto have faced many complaints the recent years. The main competitors are Trading212, IBKR, eToro, Binance, Coinbase, Robinhood & any other brokerage/crypto trading platform. + +T212 - restricting OTC buys, slow execution, no afterhours +IBKR - UI & app not user-friendly +eToro - no OTC stocks, slow execution, no AH Robinhood - restricting trading of assets to protect Citadel, little-no crypto Binance - Currently facing legal problems + +Users are seen to be continuously complaining about wanting to leave these platforms but cannot do so because of the lack of options. This can be seen throughout social media, app store reviews and communities. + +The room for growth in these Industries are mind-blowing, with Coinbase's stock sitting at around **$50 Billion** & Robinhood IPO'ing at an **estimate of $40 Billion**. This shows the massive potential that TradeStrike has, which it will be innovating & disrupting the sector. + +&#x200B; + +**The Strike Team** are constantly working on pushing their milestones further & engaging with any investors with questions regarding the project. + +They are also Doxed, meaning they will not 'scam' or 'rug-pull' the investors as their reputation would be ruined otherwise. They have also been running the project for around 3 months and have been transparent throughout the way. They have also done an AMA, talking about STRIKE's vision, and responding to investors queries, which they shall be doing again soon. + +The **Pitch Deck** has also just been released. That goes into detail about the project's requirements & plan. Highly recommend you take a look at it. + +TradeStrike is also collaborating with the **2nd biggest Law firm** in the UK **Latham & Watkins,** to ensure that their project meets the legal requirements and do not face any issues in the future, along with being a **Legally Registered UK company**. + +&#x200B; + +**Supply Structure** There are currently over 5300 holders. The total supply has been reduced from 1,000,000,000 tokens to 899,000,000 **(10% burnt)**. The Dev Wallet holds 140M+ coins which is currently time-locked, and has spent over 20M $STRIKE doing giveaways/promotions/airdrops. The current Market-Cap of $9M, at 0.01 & estimated circulating supply is 600M tokens. + +They do not have any tokenomics. This is due to not wanting to be a 'shitcoin' and to not repel investors that are serious. + +&#x200B; + +**Listings & Audit** + +**$STRIKE i**s currently listed on **Coingecko, CoinMarketCap, Blockfolio, Coinbase** (chart-only)**.** + +**SolidityFinance** has officially & successfully audited $STRIKE. Certificate can be found on their website. + +They have also been offered to be listed on **Whitebit**, **LaToken**, **Probit**, which we may soon be listed on in the near future. + +&#x200B; + +[Website](https://www.strikecoin.co/) + +[Twitter](https://twitter.com/Trade_strike) + +$STRIKE address: 0xbe2a26889ce30a1515055a192797083b1fde8844 +I promise this post isn't a humble brag, legitimately looking for advice from other investors as I'm really struggling socially now that I've committed myself to real estate investing. I recently bought my 5th property. I feel like I might buy 1 or 2 more this year if everything goes well. The house I just bought is in a sought after neighborhood near where my friends grew up and family lives. I thought that my family, friends, and new neighbors which I've known for years would be happy for me, but I have not received very positive reactions from anyone. I feel like an outcast, especially from my friends. They seem like they are all still trying to figure their lives out and maybe purchase their first home. When I see them, they kind of avoid me. My family is constantly giving me advice but they have never done anything remotely close to what I'm trying to build. I know I'm still at the beginning stages of my career but it just feels lonely at the moment. Not having anyone to connect with and talk to is starting to take toll on my mental health. Anyway, interested to hear from others on their real estate journey and if they've encountered anything similar. +Merry Christmas. Thinking back on previous Christmases where I knew people fighting with their family and friends wanting money they made, I remembered a [comment I read in this sub about how to deal with that](https://www.reddit.com/r/financialindependence/comments/jfpl1o/being_stealth_when_people_know_your_job_titles) that I've also done as well: + +> My mom would offer to help anyone in the family by offering a financial advice and if they would give her complete and full control over their finances, she would guarantee that she could help them save more money to afford the things that they want. Problem is, once she starts saying that you can't afford this and that and this and that, they all of a sudden don't need her financial help anymore and can figure it out on their own. They've also stopped asking for money from my parents since the "help" offered is tightening their budget instead of hers. + +This is because just giving people money doesn't really help them understand how that money was gotten and why it's being given. You hear a lot of parables about this, like teaching someone to fish than giving them fish. This is due to [Economic Outpatient Care mentioned in the book Millionaire Next Door](https://en.wikipedia.org/wiki/The_Millionaire_Next_Door#Economic_Outpatient_Care): + +> Economic Outpatient Care (EOC) is a term used to express when an affluent parent provides money to an adult child. Besides offspring observations resulting in Under Achievers of Wealth (UAW) children, EOC is a contributing factor to the passing on of the UAW belief. **Offspring who receive EOC have 98% of the annual income compared to their counterparts who are not recipients of EOC. In comparison, they also have 57% of the net worth.** EOC gives recipients a false sense of financial security. For this reason they purchase homes in upscale neighborhoods that exceed the recommended value according to their incomes. Thirty percent of American families live in homes valued at $300,000, yet only earn an annual income of $60,000.These homes then demand nice cars for the driveway, nice furniture for the living room, and a nice plasma TV to complement the furniture. These offspring also purchase and consume the EOC rather than invest it. If a dose of EOC is given on a regular basis, the EOC can actually be absorbed into the individual’s perceived annual income. Expenditures are then calculated with the anticipation of a regularly scheduled dose of EOC. + +In other words, giving money to people makes them less likely to try on their own. It just feels better in the short term but hurts them in the long term. I used to give out money initially but I curbed that and only started giving advice from then on. + +A note about advice though, you can lead a horse to water but you can't make it drink. People don't really want to tighten their own living situation and make sacrifices, as you see in the [/r/financialindependence](https://www.reddit.com/r/financialindependence) thread above, they just want your money for free. I've told many people about basic financial advice and they just don't want to implement it. I tried to convince them in the beginning but now I just say, suit yourself. If I'm rich in a decade and you just spent it all on stuff, I'm honestly not sure what to tell you. I suppose in rare situations you can give money, but in my experience it never ended well. +Continued from [part 2.1](https://www.reddit.com/r/Superstonk/comments/qx8yyu/the_algorithm_the_ouroboros_part_21_exposing_hf/): + +# It's just the stock market, how much can it cost? $0.25? + +I forgot the dude that did the $0.00 shit back in the day but I wanted to give him a small shout out for being right. I don't know he had any idea how right he was. + +# More of this Fake Ass OHLC + +The below table shows the OHLC values which ended in multiples of $0.25 versus their respective date. In 2021, there is a significantly more occurrences of $0.25 intervals OHLC values than compared to any other time. Given how we know 2021 has been a fucked year, it’s safe to say we can use the $0.00 and $0.50 as a type of fuckery baseline to identify when it also occurred in the past. + +[Dates with a $0.25 OHLC Value](https://preview.redd.it/sw3ung00vg081.png?width=1128&format=png&auto=webp&s=fef5b67660439e23c7dd862d0c682c45e9048082) + +So, that's all fine and dandy. We have even more shit to show how everything is made up and the share price don't matter. + +[Even Oxi Clean can't remove the dirty from these numbers](https://preview.redd.it/gdcby6ydvg081.png?width=216&format=png&auto=webp&s=74eca06b7417050552f46ab846a1ee1bbf546307) + +More insight is given once the OHLC values themselves are separated. The blue line in the middle acts as a divider between the variable columns. Since the initial OHLC analysis suggested on the high-low are statistically correlated to volume, I focused on the Close-Open values. A qualitative visual inspection indicates how 2002/2003 and 2020/2021 years were the times with the most values with a $0.25 interval OHLC. + +I’ve discussed this phenomenon with some peers to which many replied that it’s just a stock market thing. This is why comparing across the entire history is important to know what the typical behavior is. There are multiple areas where there aren’t any $0.25 interval value, therefore, I disagree that this is “just a stock market wide phenomenon.” + +Since 2021 is pretty much known to be the baseline for “a lot of fuckery,” the multiple blank areas can be used for a potential baseline for “little to no fuckery.” + +[That's a lot of trying for a long ass time](https://preview.redd.it/ij62s9dqvg081.png?width=906&format=png&auto=webp&s=d066267f32771e5aa47ec7de6a82eb0571088a69) + +It is now the time to add a quantitative value to all this shit to help remove potential observational bias. A frequency chart helps to view each $0.25 multiple by year on a strictly quantitative view. From 2002 to present, there were a total of 1,552 OHLC values having a multiple of $0.25. I wanna state that GameStop entered the market that same year... + +# Why is this fuckery?! + +From 2002 to present, there were a total of 1,552 OHLC values having a multiple of $0.25. Of these total 1,552 OHLC $0.25 multiples, 2003 and 2021 have seen the \~21% of them. This DEFINITELY gives more confidence to the observational bias seen earlier. Furthermore, since 2021 was the metric for most fuckery, it probably is safe to say that 2003 also saw a metric shit ton of fuckery as well. + +[Frequency Table of OHLC $0.25 multiples](https://preview.redd.it/lf7mbsx1wg081.png?width=1073&format=png&auto=webp&s=2e4220818bc8a1a7641730f700e7e6355b5d105c) + +# A Lesson in Probability + +Since the closing values often ended in ".00," I isolated all the related dates. While there are a lot more, the below 4 sequenced dates is so fucking fucky and let me tell you why. + +[A Highly Improbably Event](https://preview.redd.it/vffwe03tzg081.png?width=865&format=png&auto=webp&s=22e635acbbfeaa306c85f2ddf367a07bc4d487d1) + +The first two dates not only were in order of dates ending in ".00," but they also have the same fucking HLC values. Depending on volatility, having a single value would be improbable, but these two dates have fucking 3 AND they're in fucking order! + +Next, there are 102 network days between 11/17/2004 to 4/7/2005 and then the exact same numbers of net workdays for when the next closing price ending in ".00" occurred on 8/26/2005. We have two sequenced dates that both ended ".00" AND they're the same number of days apart. + +Let's also address how the closing price for the first 3 dates are all the same, and again, they are in fucking order. + +In a perfect math book world with no interdependence, there is 4/100 chance on landing on a multiple of $0.25. In 2003, \~13% of the 252 trading days opened in a multiple of $0.25 despite how that probability is (4/100)\^252. + +While we aren't trying to sell 5,000 watermelons are figure out the time trains would cross, this is still an improbable event. There were often times within that dot plot that were left blank which indicates that having areas more crowded than a GME shareholder's meeting means some extra shit is going on. + +# Fucked Right Out of the Gate + +In a previous [DD](https://www.reddit.com/r/Superstonk/comments/owlg3z/the_algorithm_has_been_doing_this_shit_for_years/), I made this lovely visual thinking the stock wasn't being manipulated until it at least had hair in 2008. + +[Now, there's no excuse to not know where the bean is](https://preview.redd.it/bqvgc4dhwg081.png?width=624&format=png&auto=webp&s=70fb66eee96c3cbf5622001cb551f9476c639b28) + +Looking at just the frequency of OHLC $0.25 multiples and knowing that there are a shit ton and so many of them that it is improbable for it to be just because let's dive into the next level. + +# To Show More Data to Be Righter than I was Lefter + +Just as a quick macro refresher, here is the monthly OHLC candles and volume versus date. Already, there is a noticeable red candle that occurred in Dec 2002. + +[Monthly Candlesticks by Date](https://preview.redd.it/9ntcgvjjxg081.png?width=1069&format=png&auto=webp&s=33423bd600d4d3de0a281c731fceb2bb3fbee9bc) + +There is also an increasing volumetric trend beginning in 2003. Upon closer inspection, Feb 18, 2003 had both a huge green day as well as volume that does not appear to be organic in nature. + +[The fuck is this very familiar candlestick movement we've even seen in recent dates?](https://preview.redd.it/z175i4hpxg081.png?width=930&format=png&auto=webp&s=27b31f5d2d67bdbb4e8796983cf85f07bd2064cc) + +With the previous $0.25 OHLC interval data suggesting 2002 and 2003 were fucky years and other data analysis I’ve performed identifying how a lot of very improbably events, let's be even more thorough. + +Again, I've done previous analysis showing correlations of a sudden large volume date that has no organic growth to it whatsoever is hedgefuckery, so I'm going to continue with that method. Volume is a known key giveaway for fuckery, so I created a volume histogram from the first 2002 trading day (02/13/2002) to the last 2003 trading day (12/31/2003). The top 6 highest volumes days have their associated values and dates both tabled and labeled. Dec 2002 and Feb 2003 both have \*multiple\* dates with huge volume outliers. + +[2002 - 2003 Volume Histogram and Distribution Summary](https://preview.redd.it/0k6orpuhyg081.png?width=1219&format=png&auto=webp&s=c1e7041a7e989a1a8503a3974f2cd09b2ad51b7b) + +# Double Manipulation?! What does it mean?! + +Given the improbabilities of those four sequential listed dates, I tried to research if 102 net days had any market significance. I came across this [article](https://www.nature.com/articles/srep02110). I did not find the exact answer I wanted about the 102 day thing, but I did come across something which provided a narrative to all of this shit. While reading the following paragraph, keep this share price and volume by date graph in mind: + +[GME Close Share Price and Volume versus Date](https://preview.redd.it/llsjaf5j2h081.png?width=1028&format=png&auto=webp&s=5e7bebd9bdec2f91811bd6de0c095926b7874941) + +*The U.S. Securities and Exchange Commission (SEC) authorized electronic exchanges in 1998 and since that time high-frequency trading (HFT) has become widespread. By the year 2001, HFT trades had an execution time of several seconds. By 2010 this had shrunk to milliseconds, even microseconds… In the early 2000s, high-frequency trading accounted for less than 10% of equity orders, but this proportion grew rapidly. According to data from the NYSE, high-frequency trading volume grew by ≈ 164% between 2005 and 2009. In the first quarter of 2009 the assets under hedge fund management with high-frequency trading strategies totaled $141 billion, ≈ 21% less than the peak prior to the 2008 downturn… Many high-frequency firms are market makers and provide the liquidity to the market that lowers volatility, helps narrow bid-offer spreads and makes trading and investing cheaper for other market participants. In the United States, high-frequency trading firms represent 2% of the approximately 20,000 firms operating today, but account for 73% of the volume of all equity orders. The largest high-frequency trading firms in the US include such names as Getco LLC, Knight Capital Group, Jump Trading and Citadel LLC… HFT has recently been described as a major contributing factor in the 6 May 2010 “flash crash…”* + +# Shit. + +Allow me to translate that shit by rearranging the paragraph while adding related share price and volume of dates. + +[Formatted GME Close and Volume vs. Date](https://preview.redd.it/b6m4ojz13h081.png?width=873&format=png&auto=webp&s=c03cfba9a8c4dd311641fbd420b2f2e9d72a132d) + +*The U.S. Securities and Exchange Commission (SEC) authorized electronic exchanges in 1998 and since that time high-frequency trading (HFT) has become widespread. By the year 2001, HFT trades had an execution time of several seconds.* + +* After becoming legal and having some time passed for optimizations and other advancements, HFT algorithms were first implemented to control GameStop share price around Dec 2002 to Feb 2003. + +*According to data from the NYSE, high-frequency trading volume grew by ≈ 164% between 2005 and 2009. In the early 2000s, high-frequency trading accounted for less than 10% of equity orders, but this proportion grew rapidly.* + +* In 2005, sudden volume outliers started to pop up and only grew in values and frequency as time continued. + +*In the first quarter of 2009 the assets under hedge fund management with high-frequency trading strategies totaled $141 billion, ≈ 21% less than the peak prior to the 2008 downturn.* + +* In 2009, volumetric values and volatility begins to increase and more significant outliers are seen in comparison to previous years. + +*HFT has recently been described as a major contributing factor in the 6 May 2010 “flash crash…”* + +Let's see wtf happened that may have caused this shit on a math level on not because it's a crime level. + +# Fuck up the market once? Shame on you. Fuck it up twice? What the fuck dude? + +The 2010 flash crash has been highlighted in the graph below. It kind of looks like it had its Close and Open some what on lock, but that "(High - Low) / High" and maybe that "(Close - Open) / Open" looks pretty suss... + +[May 6, 2010 Flash Crash Highlighted on OHLC vs Date](https://preview.redd.it/1odwyels3h081.png?width=980&format=png&auto=webp&s=249d2b4784b07ec52d78c7b7a8be3e349b5a6cc6) + +# Turning up the Volume to Volume 11 + +A few months prior, Jan 7, 2010 had a volume of almost 42,000,000 making it to 25th largest volume. Below are the 45 highest volume day and all but (1) are from 2019 – 2021. + +&#x200B; + +[Top Largest Volume Days](https://preview.redd.it/umo7p1n45h081.png?width=247&format=png&auto=webp&s=647d1232856a0319bd482f5b8afe0d384bf1366b) + +# HF need to learn their history + +I am theorizing this HFT “Flash Crash” led to the introduction of a new algorithm to be phased in that would be capable of reversing all the damage done due to flaws within the algorithmic programming. + +On July 7, I made this [post](https://www.reddit.com/r/Superstonk/comments/oix58q/gme_seems_to_mirror_itself_almost_straight_from/) where I first notice how early GME years were looking like the current. And shit... get ready for more of a history lesson. + +[Part 2.3](https://www.reddit.com/r/Superstonk/comments/qx930e/the_algorithm_the_ouroboros_part_23_exposing_hf/) +I've read the release of Democratic primary frontrunner Warren's healthcare proposal. It includes abolishing private health insurance, and paying physicians exactly what Medicare pays right now (private insurance pays much more). This would be 40% (perhaps more than that after factoring overhead costs don't change) cut to overall compensation for most doctors in today's system. + +Obviously, getting such a sweeping healthcare law change in effect is still low probability, but it can definitely happen within the next decade. If it does, how should we anticipate and cope with this? Right now all I can think of doing is continue to work harder than ever before political changes, to amass my nestegg and then head for the exits +Hi guys, went to see my doc yesterday after numerous test they diagnosed liver cancer and give me about 8 months, i'm 57, wife 55, two kids age 25 and 19 living with us. Need to develop plan and get everything in order before i expire. Any and all advice is appreciated. No will, no power of attorney ( based on advice i will get this done), owe 190k on mortgage, i work for county make about 65k a year, wife works at hospital makes about 35k. what documents, etc should i prioritize? have about 50k in deferred comp, been at job 20 years, not sure if they will qualify for any social security benefits, have about 400k in insurance two policies, pretty sure i qualified for pers (Oregon Pers) pension, will be checking with HR + +Just trying to plan ahead and get everything in place. shared my google email account with family and plan to create spreadsheets with all accounts, passwords, etc. + +edit 1, wife is not financially inclined. +edit 2, thanks i like the idea of paying off the home and getting something smaller. +edit 3 home currently financed at 3.0% +edit 4 plan to work as long as i can, have about 400 hours vacation and 150 sick times saved +edit 4: will speak to attorney + +Thanks + +Thank you for your generous kind thoughts. + +Edit, thanks for great advice, created a few spreadsheet, financial, lawyer, burial, and mental health to track all the great info, thank yo so much +[https://www.reuters.com/world/china/what-lies-beneath-hidden-debt-fears-feed-chinas-property-woes-2021-10-20/](https://www.reuters.com/world/china/what-lies-beneath-hidden-debt-fears-feed-chinas-property-woes-2021-10-20/) + +>"Nearly every developer has borrowings in disguise. The sector's debt problem is worse than what you see," said He Siwei, attorney at Hui Ye Law Firm. +> +>Chinese developers owed 33.5 trillion yuan ($5.24 trillion)through various channels at the end of June, Nomura estimates, based on official statistics, adding "there are definitely other obscure financing channels yet to be covered." +> +>Private bonds issued by shell companies in offshore locations have emerged as a new concern. +> +>In a note this month, Fitch ratings agency said that Fantasia Holdings Group [(1777.HK)](https://www.reuters.com/companies/1777.HK), a property developer which has since defaulted, had recently told it **"for the first time" that it had $150 million of private bonds that do not appear to have been reported in its financial statements.** +> +>Fantasia did not respond to a request for comment. **The company had over $4 billion worth of cash at the end of June and two weeks before it defaulted said that it had "ample capital".** + +There hasn't been a lot of coverage on this but article like this is kind of scaring me. They say there won't be any serious problem in the states and the US stock market. Any thoughts? +girlfriend and i are 31, basically married, very stable and been living together for long time. + +i currently started new career, first time in my life making "real money" @ 90k a year. + +girlfriend does gig work and brings home maybe 40k with untraditional schedule. + +we currently rent and its basically dirt cheap for my area, have been here for a while and havent gotten a price hike (yet) so i was able to max out 401k this year + +however, we are def in a financial position to own. especially if i pull back on 30% savings rate. Yes, rates are crazy hike right now, but if we wait a bit might have more options and can re-finance loans. i regret not buying in my town 10 years ago, bc prices have tripled. + +Will it always be smarter financially to own? im not sure if we can get a mortgage as low as our rent, BUT you are always building equity... + Just sold my 2017 Toyota Sienna to Vroom and pocketed $3,300. My lease residual or buy-out price was $21,659. Carvana offered $443 more than Vroom's $24,959 but I needed to have at least 60 days left on the lease. I had 58 days left. I didn't see this anywhere up front when I searched the FAQ. That meant a lease extension, which apparently with Toyota was surprisingly easy but I would also have to spend $330 to renew the registration too. When I called Vroom, they said they only needed 14 days to purchase the car from Toyota. + +For comparison, CarMax only offered $21,000. It would just be better for me to pay the return fee of $350 to Toyota at that price. + +After signing online, physically signing a transfer form and sending it back via Fedex, pick-up was scheduled in 2 days. The driver just noted two of the largest scratches on the bill of lading and gave me a copy. Two hours after they took the car, I received Fedex tracking numbers for the check to me and to Toyota via email. I was super anxious about some sort of "gotcha" like they might find the condition of the car was not described accurately and take it out of my check. Initially I wanted to go with Carvana because apparently they hand you the check as they pick up the car. I got the full $3,300 based on the price Vroom agreed to pay. + +I would sell to them again. +I was recently gifted $10k from a family member because I am not in the best financial situation. They don't care how I use it, they just want to help improve my financial situation. I couldn't work for 2 years for personal reasons and used up most of my savings (except for $15k in an investment brokerage account with a financial advisor and $15k in a Roth IRA). I am currently working retail while looking for a full time, long term, well paying job. My goal is to get a job with a salary of $60k minimum. + +I just started working 2 months ago at my retail job and make about $1,800/mo after taxes. I am putting $300/mo in emergency savings (it's currently at $750) and $200/mo into my brokerage account. I have $13k in credit card debt, 10k in student load debt (after the 10k loan forgiveness), and after all my essential monthly expenses, bills, and funding of my emergency savings/brokerage account, I don't have much cash left over from my paycheck. When I get my next paycheck in 1.5 weeks I will have $0 left over after everything is paid/funded. That doesn't include gas or food or any other random expenses. + +I just added $5k of that $10k into my brokerage account and set up automatic deposits of $200 per month from my paycheck into the same brokerage account. I would like to use the rest of the $5k to help lower my credit card debt and fund my emergency savings account. + +I'm really nervous I did the wrong thing by putting $5k into the brokerage account. I am essentially living paycheck to paycheck, there is a chance I may need to tap into that brokerage account in the event of an emergency, and right now the markets are shit and my financial advisor said I am down 7% so far this year. + +Did I do the wrong thing by giving my financial advisor $5k? I am not very financially savvy so please don't roast me. +Background: I have several friends who were basically born FI. While they come from good families who wouldn’t let them freeload / coast, ultimately when their parents die they will inherit fortunes. They all work very hard in stressful jobs as part of the corporate rat race. This is what I don’t understand. If I was in their situation, I would do something easier / meaningful / interesting to tie me over until the inheritance windfall, and most likely be much happier and healthier for it. I can only guess that they place considerable value on being seen by others (including their successful parents) to be successful (or at least work hard), and that this is more important than money for them. + +(I’m aware I could just ask them, but I don’t think I’d get a straight answer). +VaultDefi V2 2022 is here! + +**VaultDeFi** started off 2022 on a high with the release of its V2 contract merging Safevault and Ethvault into a single token Vault-s. VaultDefi is a unique multi token project with flexible and interchangeable commodities. These assets have been uniquely designed to reward holders with proprietary double compounding interest, highlighted with our innovative “delete bag” function that burns a percentage of the current supply with all transactions creating a direct benefit to the current market supply developing a larger market share for all investors. Having hyper-deflationary rewarding assets is revolutionary in the DeFi space and will be beneficial to all investors. + + +**Backstory** + +The first token Safevault, was launched in July 2021, a hyperdeflationary token rewarding holder's in safemoon. A partnership with Surge which will help VaultDefi build a multi token ecosysyem saw the reward switched to BUSD less than a month later. + +**Ethvault**, the second Vault token was launched in August 2021 with similar tokenomics structure, a buy tax of 5% and a 30% on sells. Ethvault was geared to be the second `HODL' token due to its unique ability in creating double compounding interest rewards of a surge wrapped Ethereum SETH while also rewarding holder's in Safevault, the first of vault tokens. + +In October, the third token VaultBTC (Vault) was launched. VaultBTC has a similar tax structure like the first two, it is also hyperdeflationary as every buy and sell carries out a buy and burn of the first two tokens alongside rewarding holder's in SurgeBTC. VaultBTC maximizes VaultDeFi’s distinctive reflections system that allows investors to diversify their portfolio by giving investors full access to the surge ecosystem. This simply means that a VaultBTC holder has the opportunity to choose to receive dividends in any one of the Surge tokens. +Why We Reward in Surge Assets. +I am going to try to explain this as simply as humanly possible because it is insane. How the price of our surge dividend always goes up in a nutshell: New Surge asset is minted with every buy to increase total supply and these surge assets are completely destroyed for every sell to reduce the total supply. Every transaction whether it’s a buy or a sell is taxed and use to raise the BNB value of of the Surge asset being transacted which is why it only goes up in value unless of course the underlying asset drops in value. + +**Why I Think VaultDefi has created the next 100x tokens** + +DeFi is not only experimental, unpredictable, and quick to change course without warning, it's a very untamable beast at times. It's all about evolution… and here we are. On January 1, 2022 VaultDeFi merged their first two token releases and created one... Vault-s. The migration itself requires that our investors only need add the new contract address to their wallet as the new token was seamlessly airdropped to all the holders and In just a few days, the amalgamation has proven to be a great success with the new tokenomics.Secondly, a rework of the 3rd VaultDeFi release was tweaked and fine tuned and available the same day. + + **Vault-X What has Changed**? + +Developer and CEO of VaultDeFi Jennifer Vardon has decided that her vision for Vault includes a more approachable and healthy way of trading. The fee structure was reworked to a 3% Buy Tax and 8% Sell. Each with their own unique perks as Vault-s now rewards in BNB while also self reflecting while Vault-X traditionally rewards holders in Xusd, an appreciating stable coin and at the same time retaining the ability to allow holders switch dividend between Surge assets as well as buying and burning Vault-S. + +We are currently relisted on CMC and CG with integration onto platforms for cross chain interaction with many different blockchains incoming. This will not remain a BSC exclusive venture for long ... +Personally I'm a trader that enjoys doing his own DD so I will let you all enjoy the same. Happy to answer any questions here but I recommend coming to visit us on our Discord server for some more info. We have a very helpful and caring community full of perks and surprises that I'll choose to not mention to preserve the fun. This isn't a solicitated offer to just come and buy. Come hang out and learn the project that we love so much! + +[Latest AMA](https://www.twitch.tv/videos/1248217676?tt_medium=mobile_web_share&tt_content=vod) + + Always DYOR - NFA + See you soon! +I want to maximise the amount of money I'm putting into my investments whilst also retaining sufficient money in the bank for any large unexpected costs in the future. + +I don't have any big purchases (Ie. house deposit or car) on the horizon. + +So much cash do you have in the bank as a reserve? +Hi all, +So I am in a very fortunate WFH position where I am permitted to live in a caravan full time and travel Australia while still performing my full time role. +It is a National position and I will be stopping in at various workplaces for short periods as I go. + +My question for anyone that has done it, what can or can't I claim on tax here? + +This hiring freeze comes after 400 layoffs in its marketing department last week. + + +https://finance.yahoo.com/news/uber-imposes-engineer-hiring-freeze-as-losses-mount-exclusive-202234064.html +I am just a lurker here, but I finally did it guys. After struggling for years and years and learning my trade, I got into an amazing job in a great part of the country. I start in two weeks and will be going from $20/hr with no benefits to $50/hr with PTO, sick leave, retirement, and full medical and dental. Thank you to everyone on this sub for the advice on getting by, I wouldn’t be where I am without it. I will finally be able to start paying off debt and getting ahead in life! +Hello. This is my first Possible DD into how an NFT being launched after the London Hark Fork on August 5th is the play GME HOLDers have been waiting for. + +But I really wanted a more in depth of how an NFT works and how it could be used with GME. + +Full disclosure, smooth brain with both limited experience in investing and crypto (I'm already seeing your eye rolling, and I accept that) + +So please, point out anything and everything I may get wrong. + +So, lets begin. We all know the story, GME... shorted to all hell, via SHF with seemingly unlimited resources and lack of a soul and common decency. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +What do you do when you want to get rid of shorts? Offer a dividend. RKT did it, more importantly Overstock did it, but with a twist, they offered crypto, which initially worked but the DTCC found a loop hole. + +Now this post from [u/ravenouskit](https://www.reddit.com/user/ravenouskit/) [What Happens if GameStop issues an NFT dividend?](https://www.reddit.com/r/Superstonk/comments/opdh2k/lets_try_again_shall_we_see_if_mods_want_to/) now this post cites u/tatonkamen156 breaksdown what would possibly happen. + +I want to go over, how the NFT may be used in the manner u/tatonkamen156 states. + +So, N-F-T, NON-FUNGIBLE TOKENS, long story short NFTs are tokens that are unique and cannot be replicated. We've seen it used in art, but it as applications that extend to gaming and DEFI. + +Finematics on YouTube has a great, and short explainer on this [What are NFTs all about](https://www.youtube.com/watch?v=Xdkkux6OxfM) + +But in essence NFTs can be used to link say... a piece of digital art, music, within games (we'll get back into that one) and also securities (stonks). + +Basically you attach an NFT to say a stock, that stock is now unique as a result of that NFT. It cannot be copied, split, or just made out of thin air (synthetics). + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +How would you do this? Via a dividend, now dividends can be cash, stock, property, scrip, or liquidating. + +We're going to focus on PROPERTY. ERC721 (NFT standard for unique tokens on Ethereum) and related standards enables frictionless, secure trading of digital assets to occur anywhere in the world. + +[https://www.forbes.com/sites/nataliakarayaneva/2021/04/08/nfts-work-for-digital-art-they-also-work-perfectly-for-real-estate/?sh=4f0f4fa443f3](https://www.forbes.com/sites/nataliakarayaneva/2021/04/08/nfts-work-for-digital-art-they-also-work-perfectly-for-real-estate/?sh=4f0f4fa443f3) + +A Physical Asset NFT is **a unique digital token** that denotes the right to take physical custody of an object, or in this case, a security.. like a physical share of a stock. Or in this case, PROPERTY. + +How this related to GME? Well, say you have all of your authorized shares floating around AND hundreds of millions of synthetics, you attach a unique Physical Asset NFT to each stock in the form of a dividend. This will force the SHF to account for ALL their synthetics shorts and close. + +How does this affect GME? As u/tatonkamen156 pointed out, a unique physical asset to a stock has no way to be naked shorted. As SHF cannot create their own NFTs to attach to their synthetics shares. Like how they circumvented Overstock crypto dividend by giving cash. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Etherscan shows that a single transaction was made 71 days ago (Tuesday March 25th) so this goes to show that GME's plan has been going on for some time. + +[https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d](https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d) + +Then we have the release of [https://nft.gamestop.com/](https://nft.gamestop.com/) + +While vague, it alludes to the power of gamers, creators, and collectors. We have seen what NFT can do for digital art and games, i.e. see the Finematics [What are NFTs all about](https://www.youtube.com/watch?v=Xdkkux6OxfM) to the end to see how many ways NFTs can be used, especially in e-commerce and gaming, which just HAPPENS to be right up GameStops Rally + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +But the real stake (theory) here is assigning a NFT as a dividend to each GME stock. All of which can be verified by the ether block chain. So if there is a float of 55mil shares, then those 55mil share can be identified via the NFT and on the Ether block chain. + +Almost defeats to the point of the newly implemented: CATS + +Consolidated Audit Trail + +[https://www.catnmsplan.com/](https://www.catnmsplan.com/) + +"The Consolidated Audit Trail tracks orders throughout their life cycle and identifies the broker-dealers handling them, thus allowing regulators to efficiently track activity in Eligible Securities throughout the U.S. markets. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e](https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e) + +Here you can see a "Max Total Supply" (could mean the number of NFTs to equate to number of float? who knows, smooth brain over here) + +With the upcoming London Hard Fork (Ethereum upgrade), the fact that the GameStop NFT team has been at work on this for a majority of the year, the upcoming London Hard Fork set for tomorrow before market open, which will update Ether to the new standard and protocols. + +Seems like a prime opportunity to announce NFTs for GME. NFTs for stocks, NFTs used in games, NFTs to be used in digital collectables. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I will leave this Tweet from [@EthereumMemes](https://twitter.com/EthereumMemes/status/1422264182976696323?s=20) + +[GME + NFT Dividend + Blockchain](https://preview.redd.it/guh6k0vmngf71.jpg?width=640&format=pjpg&auto=webp&s=9a564a4e6a4b50861350a362b191e1cafcb3753c) + +TL;DR NFTs can be used as a dividend (classified as property/asset, not a security). Attaching this NFT to each of the issued shares by GameStop would clearly identify which shares are legit and which shares are synthetic as FUCK and have to be closed. So MOASS. + +Edit: just my smooth brain opinion on the subject +&#x200B; + +https://preview.redd.it/zyn40gq2gru61.png?width=751&format=png&auto=webp&s=6c94d2d154bae9f645ed29dcbc3a3c19d32c3f0b + +ONCE AGAIN, I ASKED THE SHILLS TO JUST RESPECT THE N.A.P. AND THEY HAVE FAILED TO ADHERE TO THIS BASIC TENANT. THEY THINK THEY CAN BAN ME ON HERE FOR NO REASON, THEY THINK THEY CAN REMOVE PEOPLE FROM THE LIGHT TO MORE EASILY BURY THE TRUTH IN DARKNESS. +I REFUSE, I REFUSE THIS HORRIBLE ABUSE OF MY FREEDOMS. +DID YOU THINK I WOULD NOT MAKE ANOTHER ACCOUNT? DID YOU THINK I WOULD NOT INFORM THE MASSES IF YOU TRIED TO SILENCE ME? +WHERE DO YOU THINK WE ARE? STALIN ERA COMMUNIST RUSSIA? DO YOU THINK YOU CAN JUST BLACKBAG ALL OF YOUR OPPONENTS AND THEY WILL JUST CEASE TO EXIST? + + +[Look upon the chaos being wrought in https:\/\/boards.4channel.org\/biz\/thread\/33683874#p33684594 and the threads before and after, and ask yourself. \\"What are these people doing wrong to be targeted?](https://preview.redd.it/x8tfmz2zgru61.png?width=1214&format=png&auto=webp&s=5d364cb882f4e47db03a333841cc37b0aaf2c2df) + +# This is getting WAY too out of hand. They think they can just police our feelings and mental acuity because they have the money, and as an age old adage has proven, "Power Corrupts, and absolute power corrupts absolutely". These SAVAGES are in desperate need of a reminder of what happens when you try to keep the masses separated and afraid. They need to know the list of dues and the people who are being affected the heaviest by this. So i bring to you, people of SUPERSTONKS. THE LIST. + +&#x200B; + +[This is 4chan's daily updated list of the players currently getting the thick end of business. Feel free to update it, and let's make sure this list is super comprehensive. Don't worry about the morbid parts, we just like our dark humor over on 4chan.](https://preview.redd.it/s5gl6xhnhru61.png?width=958&format=png&auto=webp&s=fd684647e2da5e50d9f851cc14965d4192d35544) + +TO SUM THINGS UP APES, YOU ARE BEING MANIPULATED, LIED TO, AND CORRALED LIKE COWS TO A SLAUGHTERHOUSE BECAUSE THEY THINK YOU DO NOT PAY ATTENTION, THEY THINK WE DON'T HAVE THE EYES IN OUR SKULLS TO SEE THE MANIPULATION IN FRONT OF US. +**DON'T YOU THINK IT'S WEIRD HOW BOTH SITES HAVE AN OVERARCHING NARRATIVE OF "YOU ARE CULTISTS"** WHEN SHILLS REAR THEIR UGLY HEAD? +IF IT WERE HONEST 4CHAN TROLLS, THEY WOULD BE TRYING TO DIG SO MUCH DEEPER, STAB SO MUCH MORE THAN A CATCH-22 BULLSHIT INSULT THAT ENABLES THEM TO TRY AND WIN SOME SORT OF FUCKED UP MORAL HIGHGROUND. +HERE, THEY WANT YOU TO SELL. ON 4CHAN THEY WANT US TO NOT EXIST, THEY TRY TO DELETE OUR VERY EXISTANCE BECAUSE THEY KNOW THEY CANNOT LEVERAGE US SEPERATELY. +THIS IS THE ENEMY, THIS IS WHAT THEY DO TO YOUR MARKET. + + +[HOW IS THIS NATURAL!?!?!?!!?!?!?](https://preview.redd.it/komavobuiru61.png?width=749&format=png&auto=webp&s=1d63d3c093703e312f486c32cee6f934711b1913) + +AND IF YOU THINK THE CULTIST SHENANIGANS ARE NOT EMBEDDED IN BOTH SITES LEMME TELL YOU NOW. + + +[THIS WAS ALL WITHIN \/SECONDS\/ OF ONE ANOTHER, AFTER NEARLY ALL DAY WITHOUT PEOPLE LIKE THIS IN OUR THREAD, THEY ARE TIMING DELETIONS WITH SHILL RUSHES TO GIVE THE ILLUSION SENTIMENT IS AGAINST GME ON 4CHAN. LOOK AT THIS BLATANT MANIPULATION OF THE PEOPLE. OF YOU. OF ME.](https://preview.redd.it/34khzgofjru61.png?width=678&format=png&auto=webp&s=2e7cce6f9725046c2d94e4b945bd257e171a5c92) + +THANK YOU FOR YOUR TIME GIBBONS, I WON'T BE STOPPED BY SHILLS AND I WON'T BE STOPPED BY THE RICH ELITE WHO FEAR ME, AND FEAR THE MESSAGES IN MY HEART. + + +# ABSOLUTELY NEVER SELLING UNLESS YOU GIVE ME A DIAMOND COATED KEN LIKE HAN SOLO TRAPPED IN CARBONITE TO MOUNT ON MY BEDROOM WALL AND PAINT ON SO HE LOOKS LIKE A GNOME OUT IN MY FRONT LAWN. YOU COULD HAVE AVOIDED THIS FUTURE, BUT YOU MADE THE WRONG GIBBON ANGRY, AND HE IS GOING TO LEAVE WITH A PARTING MESSAGE FROM THE GIBBONS AT 4CHAN, TO THE APES OF SUPERSTONK AND BEYOND. + +# *TINKTINKTINKTINKTINKTINKTINKTINK* AHEM AHEM, ATTENTION GENTLEMEN, TO ALL OF THOSE WHO TELL US TO SELL, TO IGNORE THE DD, AND TO DOUBT OUR ALLIES AND FRIENDS, I ONLY HAVE ONE THING TO SAY + +https://preview.redd.it/56lt4708kru61.jpg?width=800&format=pjpg&auto=webp&s=806e249f3e33f4a65f997078cbe015061f8b6f01 + +# AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA. OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO! That is all, thank you for listening to my announcement. +Hi, I'm the guy who made this [post](https://www.reddit.com/r/Bitcoin/comments/pkzwuw/im_from_el_salvador_ask_me_if_you_want_to_know/) and anwser most of your questions. I want to give everyone a quick update on how things are going. + +&#x200B; + +\-There haven't been any protest since september 7. Any kind of debate has gone to social media, people who support the law and those against it. + +\-The economy is ok, btc law implementation have not affect anything so far, for most people is just another payment method. It's like nothing have happened. + +\-Chivo app (official wallet) have still many issues, not from servers but the app itself, people are reporting many types of bugs and its funcionality is almost 0. It seems the app wasn´t ready to be released. You're logged out when you open or use the app, sometimes it works, sometimes not. + +Lightning network is fine, transactions are instantly. Transactions over the normal btc network takes a while, hours and days. There's a bug (not sure if it's alredy fixed) that sends a different amount of money than what you specify, for example, I wanted to send $20.00 from chivo app to my exodus wallet over btc network, the succes sign appear on chivo app but when looking at my balance again I notice only $2.00 have been sent...more than 3 days have passed and I haven't receive the money in my exodus wallet. On chivo app there is a clock sign next to that transaction, I assume the money is still on the way. This had happened to many users. The delay issue also appears from chivo to bank account transactions. Most stores aren't accepting btc if you're using chivo, you need to use other wallets. + +Chivo app information that I know: + +\---Lightning Network + +\---Btc invoice address format is P2SH + +\---Sending money from chivo to other wallets have 0 fees. (Since the sender is the one who pays the fees) + +\-Chivo ATM's are presenting problems too. Some of them are closed or removed. Don´t really know the exact reason. + +\-Many stores are waiting for POS systems to be delivered and are not accepting btc. + +\-For the people who wants to help small local producers by purchasing their products with btc or simply wants to contribute buying a cup of coffee like r/BtcCoffee, I highly suggest to wait a couple of weeks for chivo app to work correctly, only in that way an impact can be made. People doesn't know that a worldwide community wants to support them. + +I work in marketing and I may be able to to create a link for those who are interested in supporting small local producers with btc. If someone is thinking of buying houses or land here in my country or at least wants to get some insights about it, I recently made contact with some real state sellers so I can be of help. + +Anyways, as I've said before, let's wait a couple of weeks and see how things evolve. Please remember my username so you don't miss any update. + +\*If you have any questions please look first at my last [post](https://www.reddit.com/r/Bitcoin/comments/pkzwuw/im_from_el_salvador_ask_me_if_you_want_to_know/) where I describe most of what is happening. +I started investing in crypto in 2017 (I did some daytrading before that, but never HODL). Didn't invest much, but it was a significant amount for me. I saw HUGE gains. Like 33x. When it went crashing down and after some bad decisions (Bitgrail...), I lost almost everything. I was stressed and angry but calmed down after some months and started accumulating slowly again using the almighty DCA. + +Now, we're in another bull run and the first thing I did as soon as BTC went over 50k was to recover all the money I had invested since 2017 plus a little more for some toys (new GPU and tablet, car tires, some other little things). I still have 90% of my stack but now I'm much calmer with the price swings because no matter what happens, I won't lose any invested money and even if it crashes mighty like in 2018 I have most of my crypto, all my invested money AND my new toys from this bull run so I won't feel like an idiot. +Using the post that /u/XtraLyf made, showing how easy it is edit a screenshot, you can use fotoforensics to check for signs of editing. + +As an example, you can see in the image below that the ELA (error level analysis) show that the text he has added In has different shading to that of the original screenshot he took. + +&#x200B; + +https://preview.redd.it/th7x838890571.png?width=828&format=png&auto=webp&s=13b2c82988849279426f599c533181a5f053557b + +I recommend people go through the tutorials on their website as it is very useful and will become even more useful during MOASS to prove that something is FUD. Obviously it might not always work or be that clear from the analysis that a screenshot if fake, and so even if something appears true, remember to trust your instincts as if you have had to question something in the first place there's a high chance you are right. +It was never 741 (seven hundred & fourty one). +It was never 7 for 1. +There was great theories like section 741 bankruptcy. +HOWEVER ITS MUCH MORE SIMPLER THAN THAT. + +The whole point was to DRS that took time to decipher the tweets. + +Since you like tweets here’s some that connect. (someone can redo this post in a better format). + +Don’t ask what your company can do for you ask what you can do for your company. + +Talk is cheap it’s takes money to buy whisky. + +They was still linking to computershare tweets. It easy to talk about drs but it takes money to do it. Anyway the 741 I believe is actually 74.1 as in a percentage. + +Insiders 13%. +Stagnant 5%. +Retail (74.1% not yet). +——— +What’s owned 92.1%. +What’s left 7.9% + +Do you know what’s interesting that 1.1% less than the 9% etf that doesn’t even include institutions and mutual funds which could potentially sell off as their final weapon. So what I believe that by reaching 92.1% DRS+insiders+stagnant. It would show shares that are suppose to be in etf are even being DRS and you can’t drs an ETF or shares from an ETF by that point liquidity would be bone dry we’re talking volume in the 1000s-9999 at most. + +I think another more wrinkled ape can explain it better but I think the goal always has been 100% and still is but I think 74.1% is going to be the catalyst. +Yes, I saw "The Street" post about this; no, "The Street" doesn't link to the SDNY court filings - an 85-page PDF - like this Law360 article does. Enjoy! + +--- + +# Biotech Co. Accuses Citadel Securities, Others Of Spoofing + +[_Note: I didn't include the author's name so that the person doesn't get annoying Tweets or other messages from dingleberries, but you can see it on the Law360 site_] + +Law360 (December 1, 2022, 8:31 PM EST) -- [Northwest Biotherapeutics Inc.](https://www.law360.com/companies/northwest-biotherapeutics-inc) on Thursday sued several broker-dealers including [Citadel Securities LLC](https://www.law360.com/companies/citadel-securities-llc) and [Canaccord Genuity LLC](https://www.law360.com/companies/canaccord-genuity-group-inc) in New York federal court for allegedly carrying out a spoofing scheme that repeatedly drove the biotechnology company's share price down despite promising developments with a cancer drug. + +Northwest [alleges _Note: clicking this link will go to PDF file hosted on Law360's site](https://assets.law360news.com/1554000/1554064/https-ecf-nysd-uscourts-gov-doc1-127132420908.pdf) the brokerages interfered with the natural forces of supply and demand to drive the share price down, violating federal securities laws and constituting fraud under New York state common law. The suit names several other defendants, including [Susquehanna International Group LLP](https://www.law360.com/companies/sig-susquehanna) and its unit G1 Execution Services LLC, Instinet LLC, Lime Trading Corp., GTS Securities LLC and Virtu Americas LLC. + +The biotech company says the brokers' market manipulation has impaired its ability to raise funds from public markets and could affect its ability to get "life-saving" cancer treatments quickly to market. + +"Defendants' illegal market manipulation, done solely for the purpose of reaping substantial, illegal ill-gotten gains, could deprive cancer patients of this important chance for additional years of life," Northwest said. + +Northwest alleges that from December 2017 to August 2022, the broker-dealers engaged in repeated spoofing, or manipulating markets with a form of "high-speed bluffing" by deceiving unsuspecting traders into transacting at artificially high or low prices. + +The company said it recently completed a phase 3 clinical trial of its lead drug, DCVax-L, for brain cancer patients, with positive results that more than doubled the percentage of glioblastoma multiforme patients who live more than five years. + +But despite encouraging news about the results reported in a peer-reviewed cancer journal and presented at a medical conference, the company's share price has dropped because of the defendants' alleged spoofing on OTC Link LLC and NYSE ARCA Global OTC, according to the suit. + +Citadel Securities called the lawsuit frivolous and vowed to fight back. + +In a statement to Law360, a spokesperson for the brokerage firm said the lawsuit is "nothing more than an attempt by Northwestern Biotherapeutics to divert attention away from its long history of governance and management failures, SEC charges for financial reporting lapses, and lawsuits from its own shareholders." + +The U.S. Securities and Exchange Commission filed a settled action with Northwest in October 2019 for allegedly failing to maintain internal control over financial reporting for 12 consecutive annual reporting periods, according to an agency release. The company agreed to pay a $250,000 penalty and settled without admitting wrongdoing, the SEC said. + +Separately, Northwest is facing a proposed [stockholder class action](https://www.law360.com/pulse/articles/1500446) in a Delaware state court alleging the company's officers received excessive compensation. + +"We intend to pursue any and all legal action against Northwest Biotherapeutics for making these false and baseless allegations, which only undermine the integrity of our capital markets," the Citadel spokesperson said. + +Representatives of the other defendants either weren't available to comment Thursday or didn't immediately respond to requests for comment. + +In the purported spoofing scheme, the broker-dealers flooded the markets with large quantities of "baiting orders" to sell that weren't intended to be executed, but aimed to deceive market participants into believing Northwest's share price was moving downward, according to Thursday's lawsuit. The broker-dealers then allegedly placed executing purchases to buy Northwest shares at the lower stock prices and canceled and removed all their baiting orders to sell. + +Northwest says the defendants repeated that pattern "multiple times a day and continuously throughout the relevant period." The broker-dealers placed tens of millions of baiting orders and executed millions of orders at manipulated prices, Northwest alleges. + +Northwest says that in one "particularly egregious" example, the company's share price fell from a high of $1.73 to a low of $0.3862 on the same day the market learned the company's key drug had "met both its primary and secondary endpoints in its GBM clinical trial with statistical significance, displayed an excellent safety profile, and showed meaningful increases in the long-term tails of the survival curves for both newly diagnosed GBM and recurrent GBM patients." + +"This staggering decline of 78% in the price on a day with extremely positive news about the company was caused by defendants' relentless and brazen manipulation of the market for NWBO shares," Northwest alleged. + +The company also says the broker-dealers intentionally hid their spoofing scheme and acted with scienter, or fraudulent intent. + +Laura H. Posner of [Cohen Milstein Sellers & Toll PLLC](https://www.law360.com/firms/cohen-milstein), counsel for Northwest, said in a statement that she looks forward to holding the market makers responsible for the harm they caused and "bringing critical and necessary transparency to these markets." + +​​"It's already underhanded to engage in market manipulation, but to do so at the expense of cancer patients, some of whom have no other treatments to place their hopes on, is unconscionable,'' Posner said. + +Northwest Biotherapeutics is represented by Laura H. Posner, Michael B. Eisenkraft and Jessica (Ji Eun) Kim of Cohen Milstein Sellers & Toll PLLC. + +Counsel information for the defendants wasn't immediately available Thursday. + +The case is Northwest Biotherapeutics Inc. v. Canaccord Genuity LLC et al., case number 1:22-cv-10185, in the U.S. District Court for the Southern District of New York. + +--Additional reporting by Rose Krebs. Editing by Linda Voorhis. + +Read more at: https://www.law360.com/articles/1554064/biotech-co-accuses-citadel-securities-others-of-spoofing +https://www.androidcentral.com/facebook-facing-antitrust-investigation-surrounding-oculus-headsets-and-facebook-accounts + +“What you need to know + +Facebook is being investigated in Germany for forcing a link between Oculus VR headsets and Facebook accounts. +New Oculus hardware currently requires a Facebook account. +46 US states recently filed a separate lawsuit against Facebook regarding potential antitrust issues.” +It baffles me how Coinbase, Binance, Kraken and almost most other exchanges have some sort of restriction SPECIFICALLY for users from the United States. The SEC threatening to sue any exchange that tries to give people a liveable interest rate is unacceptable. + +Absolutely NO ONE should have their money in a deposit account giving them an interest rate of 0.025% while the inflation rate is nearly **7%.** A 10% Stablecoin interest rate is already 400 times higher than what most banks are offering. Banks know they can't compete for shit, so they choose to sue any competition for as long as possible. + +Almost every other western country in the world allow their citizens the freedom to choose where to deposit their money. The SEC threatening to sue any competition just shows how miserable and desperate they are. +My theory is that it does not matter. Because if a company that pays quarterly decided to pay monthly they would just divide the quarterly dividend by 3. So, in the end, it would be the same. But would a monthly dividend compound faster than a quarterly dividend? +Thinking about going very heavy into O for the long-run. I’m in my mid 20s and pretty well diversified in tax-advantaged accounts with s&p 500 and VTSAX funds. Is there any reason I shouldn’t go heavy into O? It seems like a solid dividend stock and I have a very small position, but I’m wondering if there’s room for the stock to grow more than it already has. +&#x200B; + +https://preview.redd.it/s7n6tfcno0e71.png?width=889&format=png&auto=webp&s=a9360c7e9b3b80f3e0210621384e7ff5a28cafbd + +Let me start this post off by saying that this is based on Technical Analysis only. + +The entire market is manipulated. TA itself is an amalgamation of mathematical intricacies based on the psychology of humans which is manipulated using algorithms trading at 1000ths of a second, but all trades are printed and are based on pure speculation which can be predicted and taken advantage of - which it is by bankers and PhDs working at hedge funds. + +*As always this is not financial advice and I will not be held accountable for your own financial decisions, the stock movements happen beyond my control and are not influenced by me in any way.* + +I will go over the basics first. + +&#x200B; + +[Daily Timeframe](https://preview.redd.it/r6xp6e6zq0e71.png?width=1683&format=png&auto=webp&s=137a81eb73f4a6403253ff7f87005045cc83a20b) + +I use a logarithmic scale as I believe it to be more accurate, but this is preference. + +As we can see, we are in a gradual incline, moving up slowly overtime, making this a profitable investment long-term if you're a fundamental trader. + +[Trendlines](https://www.investopedia.com/terms/t/trendline.asp) are used to spot reversals. Since an uptrend makes higher lows, a trendline can be drawn along those higher lows. When the price drops below the trendline, that could indicate a trend reversal. Since we haven't yet seen a trend reversal, the stock is bullish based on this one indication. I must say that basing your analysis of a stock on a single indicator is a bad idea and should be avoided. + +&#x200B; + +[Daily Timeframe](https://preview.redd.it/bij9fb6ur0e71.png?width=1676&format=png&auto=webp&s=5ce0c47e5b1689a6242058a99daa8ecafcef2e14) + +We are currently within a descending channel which was temporarily broken on July 14th and saw a re-entry on July 19th. This move also indicated a higher low adjacent to the low of May 11th. This can be seen as a bullish reversal inflection point; *In the context of stock trading, an inflection point is* ***a game-changer in terms of how a particular stock or the market in general is moving***\*.\* + +Moving onto indicators. + +&#x200B; + +[Stochastic RSI - Relative Strength Index - Daily Timeframe](https://preview.redd.it/05fwi9c7v0e71.png?width=1677&format=png&auto=webp&s=2402349e926e6ab858d266f2a4277738c3188616) + +Here we may be seeing more downwards pressure in the coming days, but this may also reverse as the sRSI did not complete its cycle into the overbought area. Meaning the downwards pressure may be temporary. Although, even if it isn't, any downwards pressure into the oversold area will be met with bullish divergence. *A bullish divergence occurs* ***when prices fall to a new low while an oscillator fails to reach a new low***\*. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.\* + +&#x200B; + +[MACD - Moving Average Convergence Divergence - Daily Timeframe](https://preview.redd.it/49wh7k1k01e71.png?width=1677&format=png&auto=webp&s=dedb549ff0d13f1b2bb064966ff72be2d9d28eb7) + +The stock recently had a bullish crossover of the MACD which can be a foreshadowing of bullish momentum. However, this has happened in the past. + +&#x200B; + +[MACD - April 27th - Daily Timeframe](https://preview.redd.it/jqrvs6ryv0e71.png?width=1673&format=png&auto=webp&s=0f3d373011ac85a2effc0cf2591069ef7662a80c) + +On April 27th, the MACD also had a bullish crossover, but this was met shortly afterwards with shorting which ultimately pushed it back into the red. We could be seeing this happening again, but it is not confirmed at the time of writing. It took the indicator 8 trading days to have a bullish crossover which caused the price to move up to $344. + +With these facts in mind, this indicator cannot be relied upon completely to assume future price predictions. We need more information to come to a conclusion. + +&#x200B; + +[RSI - Relative Strength Index - Daily Timeframe](https://preview.redd.it/7tyddpzuw0e71.png?width=1679&format=png&auto=webp&s=5d5009ca8e60f63b01eb45cfa03277ada89255f6) + +Now looking at the basic RSI, the last time the indicator was oversold (under 30) was February 26th 2020. Recently price almost entered oversold on July 14th 2021 before pushing back up. A concurrent theme here is that most indicators are showing an impending bullish divergence besides the **sRSI** which is showing temporary downwards pressure. + +&#x200B; + +[DMI - Directional Movement Index - DMA - Displaced Moving Average - Daily TimeFrame](https://preview.redd.it/8325kquvy0e71.png?width=1679&format=png&auto=webp&s=3e9c9820f4722228ee829169aedd83bae8a30092) + +On the DMI, the price first had a bullish signal on December 21st 2020, this would eventually lead to the massive price swing of January 2021. The signal was the DI+ crossing above the DI- and the ADX beginning to push upwards = ***BOOM***. + +The same can be seen on February 16th with the ADX pushing upwards and the DI+ crossing above the DI- on February 24th - ***BOOM***. + +Again, we see a similar signal on May 20th with the DI+ crossing above the DI- and the ADX pushing upwards on May 24th - ***BOOM.*** + +When looking at the DMA, it can also be used to predict big movements in the stock where each bullish crossover was met with ***massive*** price swings. There is no doubt that we are about to witness something historical as the DMA is at the lowest point this year and is beginning to push upwards. + +**The DMA is at -32 (minus 32) which has never EVER been seen before in the entire history of GameStop. This is literally a spring ready to be released and when it does we can be absolutely certain that we will see something never seen before - the MOASS.** + +I am never usually this certain and always leave myself the benefit of the doubt, but I am 100% certain that we are about to see something incredible. This shit is about to fucking fly and there is nothing I can say that can even explain how big this will be. + +https://preview.redd.it/k30a2rn821e71.jpg?width=980&format=pjpg&auto=webp&s=751c57c42e6cd8cf87128a176c9d9d29fa921b20 + +**Moon is literally so close now. I am very certain. You've had months of preparation. Now it is closing in on a huge turnaround. I know many of you are fundamental analysts and subscribe to the DD, but I base my absolute opinion and decision making using technical analysis. The only DD that means anything to me is the MOASS.** + +**You had your chance to load up and tell your families & friends. The bell is about to be rang and the match consists of Rocky vs PeeWee Herman.** + +**Do you have the strength for what is about to happen?** +Hi all, + +It's been a very rough week, my roommate was diagnosed with a very serious auto-immune disorder; He has left his job and moved home to be with his family who can provide him with the day to day care he is going to need with the hope of him being able to overcome this in the long run. With that being said, he is not going to be able to pay me any rent money and we just signed a one-year lease 2 moths ago. I am extremely worried about my financial situation now... I am going to be looking for another roommate in the meantime, but we don't live in a city or an area many people desire to move to, so I feel like I need to plan for the worst here. + +Here are my current monthly expenses: + +Rent + Utilities (internet and gas and electric): $1950 + +Car Payment: $450 + +Gym membership: $15 + +Car insurance: $90 + +Total: $2505 + +Of course, this does not include groceries, the occasional meal out, gas, etc. My salary is $62,000 and I bring home about $3400 a month. I really hate the idea of living check to check, and am considering getting a second job. I only have $3000 in the bank now, and still have to pay rent on the first of August and have some credit cards I need to pay off as well. Overall, I'm just really stressed and looking for some opinions or options on the situation. Do I need a second job? +[Announcement page here.](https://www.moneysavingexpert.com/news/2020/05/mse-launches--academoney--financial-education-course-with-the-op/) + +[Link to the course here.](https://www.open.edu/openlearn/money-business/mses-academy-money/content-section-overview) + +I thought this may be of interest to the sub, but especially for those just beginning to look at their finances. + +> After studying this course, you should be able to: + +> budget effectively and know how to make good spending decisions + +> understand how income is taxed + +> understand how and when to borrow money responsibly + +> understand savings and investment products – including their different risks + +> plan for retirement and know what to do if a projected pension is insufficient. +I'm generally curious, from anyone who trades stocks/options for a living and is successful at or has a lot of knowledge in this area. Anecdotally I know of a few people who have done well from it, quit their day job and seem to be living very well from a financial point of view (Teslas, nice houses etc). Then there are others like Nick Fabrio (you can follow his Twitter) who has also been successful for a number of years. who posts his profits/losses every day. So it's not like all people are unsuccessful, although I do acknowledge most people who try this probably fail. + +I'm 30, earning $120k a year in the tech industry, most likely moving to a new role at another company soon where my salary should be around $143k, so I'm not looking for a get rich quick scheme. I'm generally curious how people get into trading stocks and what the specific factors are that make them successful? It's something I'd be interested in but I want to get more of an understanding. I generally invest right now, ETFs and some single satellite positions for companies I believe in. + + +* Should someone start out by reading all the best books on trading? +* How long should someone paper trade? +* What kind of trading strategy is best for someone to find an edge early? (short selling, intra day etc) + +So what are the factors for success in this game? What makes people unsuccessful? And if you were interested in starting out, where would you begin? +I've been trading about 20 years and while I'm "not a financial advisor" there are a lot of basics that people just aren't doing. + +The influx of investors jumping into GameStop has been fun for some, painful for others. I'm going to outline some best practices for making money in the market year over year. + +**1. Never invest in something that you don't understand.** +GME was the latest example but I've seen people do the same thing with Calls, Puts, Shorts and other more exotic trading mechanics. If you don't understand something don't invest in it... assume that there's someone who does understand it and will trade on their deeper knowledge. + +**2. Trade in the long-term.** +Your ideal positions will be in companies where you're betting on their 3-5 year trajectory. The markets have a ton of daily/monthly volatility but if you're taking a longer-term view, you'll have many more wins than losses. Long-term trading is also far more favorable in terms of taxes. This can give you an instant 20-30% advantage over a swing/day-trader. Translation... You're not gaining or losing money every day... you only gain or lose when you sell. Your potential is going up or down but it's just potential. + +**3. Care about the companies you're investing in.** +Investing is both a way to make money but it's also a way to support companies that you believe in. It's more fun to own a stock of a company that's doing something great than simply a company you think is trending on reddit. It also incentivizes you to read their financials, their news releases and makes you knowledgable for when to sell if you start seeing long-term trends that don't look good. I love talking about the products of the stocks I own because I tend to like them both. + +**4. Do your research.** +If you're going to own an individual stocks then do your research. Ideally in a field or area that's tied to something you already know a lot about. Some people know a lot about sports, others know a lot about travel, or science, or cars. Lean into the sectors that you're interested in and do your research. Each sector has winners and if you're deeper in one sector, you'll be more capable of spotting winners. + +**5. Zoom in and Out of the Chart** +Stocks tend to follow macro-trends. If you're buying or selling you need to understand the last few years to get a sense of what is likely to happen. Companies tend to have inertia. If they lift 10% yearly, they have some inertia to keep doing that. If they stay flat or go down... they have inertia to continue. Look for changes that can alter that trajectory. If you can spot these inflection points, there's a lot of potential to outperform. Sometimes these inflection points are external (COVID/Election) sometimes they are internal (new CEO, new product, new direction), your research of the sector (4) can often give you an advantage when thinking long-term (1) over people who are zoomed in. Remember to think long-term. + +**6. Don't invest money that you can't afford to lose it.** +If you invest stocks long enough you'll have bad days... really bad days but that's part of the market. If it stresses you out... Don't do it. That being said, a disciplined and long term investing approach can give you a lot of financial freedom... and it can be a lot of fun. + +&#x200B; +I went to the ER in June, and found out shortly after that the doctor that attended to me was out of network. The office that represents the ER doctor sent me a bill for $1032. I looked at my United Healthcare account and saw that they paid the hospital for all of the ER charges as well as a separate transaction paying the ER doctors office the $1032. I downloaded the receipts and called the office to ask where I could send it too. Emailed a copy over immediately. + +2 months later, I get a letter saying it’s my final notice to pay them $1032 by 2/11 or else they’ll turn me over to a collection agency. I’m in the middle of trying to buy a house and can’t take the bogus hit on my credit score (currently a 760). I’m going to call them on Monday prepared to fake cry until they expunge it from my account, but if they keep “forgetting” to remove it from my account, what can I do? + +Edit Update: I talked to someone at UHC that was super helpful! She said that they sent the doctors billing office a letter back in June asking for additional details, but hadn’t heard anything. She asked if I’d hold while she called the billing office on the other line. After about 5 minutes she told me she was still on hold but would call me back as soon as she got through to them. + +20 minutes later, the UHC lady called me back. She said that when she finally got through and introduced herself as a UHC employee calling on behalf of a patient, they hung up on her. She said she’d try them again later when she had time to make outbound calls. + +So it’s not resolved yet, but we’re on the right track! I’m going to call UHC tomorrow to see if they’ll try again. +Hey fellow investors, was wondering if you could share some of your numbers on this topic! + +How many units do you have and how much do you make off of laundry each month (after expenses if you know)? +Also, do you rent the machines or own outright? What have been the pros and cons for each option for your situation? +While I was looking to buy for a while, I am not shifting my mindset to just sit for a year and so and (hope) for some type of correction. It kills me to try an time the market, but RE in my area is holding such a premium with properties going above asking. +By turning off your lending program which you are automatically opted into, you can cut down on their supply of ammo. Watch a video, Google it, visit a help section or contact your broker directly! If they can't borrow your securities they can't borrow it to short! Please spread the word🚀🚀 +It still sort of pains me to live more frugally right now in order to put money into retirement accounts and long term investments, so I like to imagine that I’m taking that money and just putting it into a time machine that is instantly being sent to retirement age me. And I imagine how psyched an older and more tired version of myself will be when the doors of that money-stuffed Delorean swing open. Do you have any mental tricks you play with yourself to help you save? +“you will never find a more wretched hive of scum and villainy… than Facebook” -obi wan kenobi + +Hooooooly shit guys. So I’ve had Facebook for over ten years but I’ve only been on Reddit for a little less than one year. I use Facebook for the social stuff like life updates and connecting with friends, and I got into Reddit purely for the crypto advice and news. But last week I crossed the beams and joined a couple crypto groups on Facebook and BOY DID I FUCK UP. + +I know that to OGs here complain about the recent decline in helpful advice and crypto technical talk but even in its current state, this subreddit is miles ahead of what passes for “reasonable discourse” on the other site. There’s literally no news from developers or foundations, no understanding of market cap or market trends, and barely any understanding of the blockchain they’re supporting in general. + +Long story short, Facebook is trash. Not just for Russian fake news shared by boomers, but also for the quality of crypto information. Learn from my struggles and avoid it at all cost lol. +I am seriously thinking about quitting my job as a web developer, it just sucks... everyday same things.. listen to fucking manager... etc... + +What do you guys seriously think about dedicating my time in stock market, will i be able to make good money? I have 150k to invest initially. I am in stock market since last 1 year but on and off. + +I am also thinking about building some app related to stock market or something just not sure what will be useful. + +Honest suggestions will be seriously considered. + +Thank you. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I am a college grad finishing the first year of my first job. I feel somewhat stable and fortunate in my financial position. $60k salary, $10k in HYSA, building my company 401k, and no debt. This is not meant to be a brag post. + +What are the best options in this position, in terms of finances? + +I am considering a Roth IRA as well as general ETF investments. +9 months ago I bought my first house on 3 acres using a VA loan with no money down and secured a 2.65% interest rate. I am now realizing this is not what I want; I find myself fantasizing about living in a small apartment and having the freedom to move if I please. I am a single guy, no kids. There is nothing too major wrong with the house, but I somehow spent 5 months doing minor repairs and there are still a ton of things that need to be done -- upgrade & preventative maintenance wise. It's a really beautiful place and I realize that I am lucky and I am probably going to be told I am stupid for not wanting to stay here, but hear me out: + +* I am in the middle of nowhere and feel isolated/bored +* I drive an hour each way to work 5 days a week +* I want to find a new job but I am limited by staying here +* I am anxious as hell because I know eventually some big ticket item is going to break and I am going to have to spend hours and hours figuring out what to do about it and thousand to have it fixed +* My driveway is extremely long, I am in the Northeast, and my only vehicle is a car. I have no desire to buy and maintain a truck/plow or atv/plow. It's too long for a snowblower to be practical. I got by last winter by paying my neighbor to do it, but I can't always rely on him and I hate having to worry about it. +* The amount of time it takes to do even minor repairs is bewildering. I get anxiety because at the end of the day my time is my most valuable asset and I spend so much time fixing and maintaining stupid little things. +* I have three acres and about an acre of that is grass that I have to mow. I got lucky and bought a $500 riding mower from my neighbor which I have no desire to maintain or fix when it eventually stops functioning or needs an oil change. +* It's a 4 bedroom 2 bathroom house and I live here alone. The entire upstairs is empty and I dont own a lot of stuff. I don't want the headache of renting it out. Why am I paying $1750 a month to live in an empty house when I would be just as happy living in the basement apartment in a more desirable area. + +Ultimately it comes down to my time and freedom. I don't feel like I have any these days. People on here will shout "Buy as soon as you can", but if you are someone like me who values your time and does not get satisfaction out of maintaining a pile of sticks, then don't make the same mistake I did. I honestly feel like I would be happier living in my car and showering at the YMCA. I thought living here was going to bring me peace, but all I feel is nervous and tense because I tied myself to this thing that WILL break and eat up all of my time. + +To anyone who is debating buying vs renting.. seriously do not underestimate how much of your time/energy/money will be drained by owning a home, especially if you'll be living by yourself. I really thought people were just lazy exaggerators when they said how draining, stressful, & time consuming it is -- how unexpected repairs pop up out of nowhere and cost more than you expected.. every.. single.. time. + +Everyone on here is so caught up with saving money and penny pinching; the focus is always on money itself. Your time and mental health is far more valuable than money. + +I am now trying to find someone to assume my mortgage rather than outright sell the place, since I don't have much equity after 9 months and the closing costs would outweigh my home value increase. I am hoping that the 2.65% interest rate on my mortgage will be attractive enough to convince potential buyers to go outside the normal 'get a realtor and your own loan' model. + +Just my thoughts. +&#x200B; + +So what do you think about that? + +&#x200B; + +Because of the post of [u/Carola94](https://www.reddit.com/user/Carola94/) i thought about whats happing at the german airports right now - delays - cancelation - people who get stuck at airports insteed of lying at beaches. Summer holiday season start was at the 26th of June in Germany + +&#x200B; + +This is the artical from her post + +https://preview.redd.it/d6i8l1sirj991.png?width=2048&format=png&auto=webp&s=a77cf63ff76c31a96447f41989758a3c917ed00f + +&#x200B; + +A quick research brought my to a press release from Lufthansa hiring a former guy from BCG in May 2020. + +https://preview.redd.it/n46i0v0mrj991.jpg?width=1080&format=pjpg&auto=webp&s=76ed76bae7a036bc654d3882b4abdc058ea15284 + +&#x200B; + +Meanwhile Hedge funds where placings bets against traval companies + +https://preview.redd.it/rly91fenrj991.jpg?width=1080&format=pjpg&auto=webp&s=8f1608bdf2992ded746a0f80f1c2391f59116970 + +&#x200B; + +So ok travel companies for sure were strugeling in 2020/2021 but here we are in 2022 and thinks should get better but somehow we are now in July 2022 an the situation at german airports are more catastrophic than ever since June and insiders of Lufthansa saying there was a complete missmanagement + that it could get even more worse. + +https://preview.redd.it/x9u0z80prj991.jpg?width=1080&format=pjpg&auto=webp&s=d3509eb9c63853042320eb38f10fe5ca61e34a8b + +Full articel here: [„Es wird noch schlimmer“: Insider enthüllt Details über Lufthansa-Chaos (www-fnp-de.translate.goog)](https://www-fnp-de.translate.goog/frankfurt/urlaub-reisen-airline-probleme-wartezeiten-lufthansa-flughafen-frankfurt-chaos-zr-91633034.html?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=de&_x_tr_pto=wapp) + +&#x200B; + +So how could this happen and what did this former BCG guy did to help Lufthansa? + +By the way in May 2022 he returnd to BCG. + +https://preview.redd.it/3wrvyu4qrj991.jpg?width=1080&format=pjpg&auto=webp&s=1083066915f0299ad8f7ce8945c9449adf907d16 + +&#x200B; + +Thank you for reading and happy to here your thoughts! + +&#x200B; + +Edit: Pictures +We sent them a modmail a week ago but they may have PMs turned off. After seeing someone else reach out on Twitter we did the same to verify. It's them!! Please don't tag them to harass them! Thank you!!!💜 +I’m very happy with all of you who are buying this delicious deep, increasing positions and DRS more and more, I belive whe are close, very very close. + +But like me, I know that there are thousands, if not millions of X holders who cannot increase their positions. + +So I would like to sincerely ask all of you my whale friends to try to hold for us. + +I know that maybe I can't be a millionaire being an X holder, and that's the advantage: I don't need much to change my life and that of my family for the better. + +Regardless of how many shares you have I will hold for you, if you can do it for me. + +Being poor is no shame, it's a condition. I'm not ashamed of who I am, I work hard to support my home, and at 43 I wish I could slow down a bit. + +I belive DRS is the only way, if you dont DRSed your shares DO IT (not a financial advise). + +&#x200B; + +EDIT: Thanks a lot for the answers and awards! Feeling safe here!! +Hi Guys, + +I bought in a while back and have just under 1.5 btc - I am struggling to understand what to do with it. + +Just keep it there? I bought in the low 10ks etc. + +Should I take it out and invest in a business/prop/stocks. + +Genuinely a serious question. +The TLDR of it is that after getting my first job straight out of high school my mother would have come to me about a loan however, it was under the guise that I'd be securing land for myself in my young age when really she wanted to pay off her mortgage and secure a vehicle loan. + +The transaction itself was orchestrated by my mother and the current bank manager at the time, with me basically signing my salary away, but over the past few years I've uncovered some highly unethical details. + +&#x200B; + +1- I was told that because I didn't have enough saved for the down-payment my parents would have "gifted" (via deed) their home to me to stand as collateral for the loan, and because they still had a balance on their mortgage that had to be paid off, I was granted a loan to cover both the mortgage & the land in question being purchased. + +At the time this went over my head as my parents told me they were doing me a favor, but I now wonder, couldn't the land itself stand as it's own collateral? Afterwards, I found out that the land itself did not have building approval and it was never even applied for, this is 5 years later. + +Also, shouldn't their names have also been included on the loan instead of just myself? The loan is titled as mortgage: "settle debt and home equity". + +&#x200B; + +2 - I, solely, have been paying this loan. While I was still living at home, I consistently paid a monthly "family contribution" and my mother would've suggested that instead of them paying me the mortgage "installment", I would be exempted from paying my contribution to her and we'd just break even. I no longer live at the family dwelling and have requested support for the loan via the owed installment (minus the interest I am currently paying on the debt payoff amount) but was told the loan is my responsibility. + +I'm even paying the insurance for the house as my mother told me that's required by the bank since the house stands as the collateral but shouldn't she have had the house insured regardless? + +&#x200B; + +3 - My parents put their names on the land I'm paying for. This was in 2016, at the time she told me that it would super simple to have the land transferred to my name whenever I was ready to use it. In May 2020 I told her I was ready but then she said I'd need to wait because they had other financial obligations and were unable to pay the associated fees, and so I waited. While patiently and naively waiting I noticed a new flat screen TV, a large new refrigerator, house renovations and many other personal purchases... She claims to have started the process in September 2020 yet there's still no deed to this day and I was told there are complications I wouldn't understand. + +&#x200B; + +4 - In the same breath of the mortgage being paid off, a car loan was also acquired, unbeknownst to me, linked to my salary account (as I mentioned she orchestrated this transaction and it was done with a joint account in both our names). She claimed her car loan was on its own account however when she is late on her payments it pulls from my salary. This has happened on numerous occasions and I have only been reimbursed 3 of 5 instances, instances where me noticing would have been unavoidable. + +&#x200B; + +I know you may be thinking this is negligence on my part, and as an adult, I should've been more vigilant with my funds but quite honestly, I did not expect my own parents to use me like this. I've sat down and spoken to them on multiple occasions to try to come to a reasonable solution but each interaction with them has become increasingly more toxic. + +I even suggested they take over the loan and I cut my losses after years of me already paying several thousands bringing down the interest in addition to stamp duty and lawyer fees (an additional loan I had to take) already paid for, yet they still refused. + +I have now considered putting the house up for sale in an attempt to pay off this mortgage loan. I have no interest in their home, nor the land purchased. I really need to be rid of this debt so that I can make financial decisions that can benefit my life. At this point I am unable to make any gainful financial moves as the term for the loan is 30 years. What can be done about this? +This question is for those that have a six figure (or 5) home automation system. My last house I did Google locks, smoke alarm, doorbells, cameras, thermostats. Sonos speakers. Wish I would’ve done automatic blinds. All in was about $10k. Simply I loved it. + +Planning for the next house and I understand that the next level is going to be $100k+. My fear is I lose googles simplicity. I won’t use complicated controls. I’m just too lazy. + +Those who have done high end, do you love it? What features makes it great? Is it as simple as a google app? My current thought is google plus blind automation. Talk me out of it. +Hi, I'm about to join you as I finalize the sale of my business. + +I'm really interested in living forever. I know that's not possible (yet) but I'm living as healthily as I can by consuming good food and exercising + avoiding alcohol and cigarettes to extend my life. + +I am considering setting up a fund to have my body frozen in 50ish years. Is anyone else interested in this? I'd pay a lot of money to come back after I die. +Well this Gamestop Saga has really gotten me into digging into every single rabbit hole as to how we can have gotten to this point. One of the main things that kept tickling my taint was Congressional involvement. Come to find out, Just about ALL of them with 2 terms or more are corrupted. I base this assertion on the MASSIVE PILE OF FAILS TO REPORT. This is all public information. It is required by law to be reported. All the "sauce" you need can be found here [https://ethics.house.gov/sites/ethics.house.gov/files/documents/CY%202020%20Instruction%20Guide%20for%20Financial%20Disclosure%20Statements%20and%20PTRs.pdf](https://ethics.house.gov/sites/ethics.house.gov/files/documents/CY%202020%20Instruction%20Guide%20for%20Financial%20Disclosure%20Statements%20and%20PTRs.pdf) + +Short and sweet; + +Congress created the Ethics in Government and Stock acts to give the appearance that they were above board. + +Congress then has NEVER updated the fines for failing to report (Since 1978). Guess what those fines are? 200 BUCKS. + +That's right apes. Your government representative can trade as much as they want, and fail to report those findings as much as they want, and it is only a 200 dollar fine per occurrence. + +No wonder Nancy Pelosi...and just about every other member of the house is against the bill to end congressional stock trading. They can inside trade all they want, and then spend a YEAR without filing their 13f's and all they face is a 200 dollar fine per month. + +By the way...just additional information. All the bills that were introduced last year to fix this mess are all DEAD...gone...Kaput...burried. I DARE YOU to find an ACTIVE bill in the house or the senate that has a vote coming up before November. I couldn't find a single one. + +The CORRUPTION STARTS AND ENDS IN CONGRESS. Without Laws and without accountability..the Malignant Narcissists in Wallstreet and Banking have no Guardrails to stop their greedy theft. This country is well and truly FUBAR +So I love my parents but they’ve made terrible financial decisions in their life. + +My mom was an alcoholic but she worked her butt off still. My dad had multiple affairs on my mom and also had a gambling addiction, gambled the family fortune away. It honestly was a rough childhood seeing my parents always fighting or drunk, nothing was stable between them. But they put a roof over my head. + +They both lost everything (foreclosed on their home) and are living in subsidized housing and are very close to being homeless as they are old and still working in their 70s. They didn’t plan for retirement. I’m barely able to survive but have a little left over each month to give them ($500/month) + +Meanwhile my life is just starting, im in my 30s now and my fiancé and I are wanting to start a family but are faced with possibly having to support my parents. My siblings are checked out, my brother lives out of state and talks to them maybe once a month if that. It’s hard wanting to start living your life when you have the worry of your parents maybe becoming homeless looming over you. + +Why do I feel so alone? Facebook constantly shows me of these people my age with rich parents giving them huge down payments for a house, or even just not worrying about their parents as they are financially set. +Happy Bastille Day to all the Cornichons ! + +and Good Morning SuperStonk! + +I was fucking around with my crayons last night trying to sharpen my Magic Mint^(TM.) While try to jam it into the back of the box I noticed something while staring intently at ADX all of these things are like the other. + +[Historical ADX on GME's 1D Timescale](https://preview.redd.it/n7tcudl866b71.png?width=1638&format=png&auto=webp&s=456008af1fb6c3925f8ed3e4f82c00c73fc6223f) + +Does this mean anything, IDK...But, I've been doing this stuff for a long time and I know patterns like to repeat themselves. Anyway it doesn't take a lot to get my titz jacckked to the moon! + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oi6c88/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Holy shit that was a rough ride, finally got some blood pumping in my pickle after all these days down .xx - 2.00% I thought the shorts just didn't care anymore. I guess their $31M in Puts today would say they do care quite a lot. + +[We didn't close at 169.69 but I'll take what I can get. I've never been more proud of you 💎🤚 Motherfuckers!!!](https://preview.redd.it/fs1srnzui8b71.png?width=370&format=png&auto=webp&s=d5d5d0217f149f7b1332e60177ea184203ee54bb) + +https://preview.redd.it/c73gegb1j8b71.png?width=694&format=png&auto=webp&s=f0e08c237eed07d78f041cb70707e847a7925a52 + +&#x200B; + +[- Gherkinit](https://preview.redd.it/nuzzgbz5j8b71.png?width=661&format=png&auto=webp&s=cbfea98c3b9b93ee84c90b4e4ab6066049c67b44) + +Edit 5 3:50 + +Bullish Reversal + +https://preview.redd.it/ffq0meybg8b71.png?width=1637&format=png&auto=webp&s=232b168473c6ece81a0f1e4e3edfb24130366c2e + +Edit 4 3:47 + +The final short ? 25M in ITM puts bought today. Hodl. + +https://preview.redd.it/nj126quof8b71.png?width=1630&format=png&auto=webp&s=870493993ab300f7766b155a026d1ede0e782da6 + +Edit 3 11:49 + +ITM puts keep racking up they are trying very hard and spending lots of money to push the price down today upcoming FED meeting and overall market downtrend aren't a huge help here either + +https://preview.redd.it/iw423emf97b71.png?width=1634&format=png&auto=webp&s=0713dcd93c5d6044392662fb1ea6d9879e432cc3 + +Edit 2 10:48 + +Market's on a downtrend looks like a red day but we had an ok bounce at 175 that pattern I found earlier on the ADX looks like we could have another down day or 2 before moving up. + +https://preview.redd.it/guzvyudky6b71.png?width=1635&format=png&auto=webp&s=8ba3e60f37cb12d09e3fc5200458544cc1fe332f + +Edit 1 9:45 + +Little opening dip in the first 15 volume looks better today though + +https://preview.redd.it/vwwws0n6n6b71.png?width=1640&format=png&auto=webp&s=59d72db86806b70594074265e9f9dfdf33b5029e + +# Pre-Market Analysis + +Significantly more volume this morning at 26k with 150k shares available to borrow. While we haven't see a lot go on with the stock today there has been an all out whale war going on on the options chain this week as low IV has incentivized long whale to play leveraged positions, I expect this to really pick up today as we get buffeted about MM's attempting to remain [delta-neutral](https://www.investopedia.com/terms/d/deltaneutral.asp). + +https://preview.redd.it/sqolkenqb6b71.png?width=1624&format=png&auto=webp&s=c522825572751db399bd471b7fe7f96e7fd342a9 + +https://preview.redd.it/j55s6umhb6b71.png?width=847&format=png&auto=webp&s=935ed6976e2950ed5d55279e6022408264b2f652 + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I have been doing some research into Chinese stocks recently as lots of people have been saying they are presenting buying opportunities at these prices. + + +However I discovered that it is illegal (seemingly?) for us foreigners to actually invest in the companies. Or we can invest in a holding company and not own any of the assets. + + +Some of the sources I have read indicate that this can mean that we are at huge risk of Chinese government withdrawing them completely from the market, or managing directors moving the assets in or out without needing to let us shareholders know about it. + +All the sources I have read seem to have a negative view, yet people are still keen to invest in stocks like BABA, IQ, JD etc. so my question is why do you feel comfortable buying these kinds of stocks? Can you counter the arguments raised here? + + +&#x200B; + +Some Sources: + + +[The Chinese corporate structure that terrifies american investors](https://money.usnews.com/investing/articles/2017-01-26/the-chinese-corporate-structure-that-terrifies-american-investors) + +&#x200B; + +[A legal vulnerability at the heart of China’s big internet firms](https://www.economist.com/business/2017/09/16/a-legal-vulnerability-at-the-heart-of-chinas-big-internet-firms) + +&#x200B; + +[Chinese stocks and their Dark Secret \[Video\]](https://youtu.be/61FFJk1VFsI) + + +[No One Who Bought Alibaba Stock Actually Owns Alibaba](https://thediplomat.com/2014/09/no-one-who-bought-alibaba-stock-actually-owns-alibaba/) + +&#x200B; + +Love to hear your thoughts, especially if you are a keen China company investor + + + + +&#x200B; +On an iron condor you get paid on each side (call credit spread and put credit spread), if the sum of these 2 credits is greater than the loss on one side (it’s impossible to lose on both sides), then wouldn’t this be free money? What am I missing if I can find an iron condor situation where both credits combine to be greater than the long leg on on each side? +I’ve heard of people trading off of Vega and how it’s riskier for larger gains, how would you do that and how you would your risk be higher by trading it? Any help appreciated +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost. +Curious to know your thoughts. + +Let’s say you sold a call 45DTE, when it’s 21DTE you already got 80%+ of the premium value. +Then imagine that today is a red day for the stock, you buy to close the position. +Do you wait sometime the stock to get green to sell your another CC ? + +Or you just buy and sell exactly at the same time and don’t even look if the stock is green or red? + +Thanks! +I'm not sure why this would cause such a crash 🤦🏼. I'm not one of those people put out posts urging everyone to hold during crashes or to buy the dip. There is such thing as negative news and times you should sell. I'm just saying this one doesn't really make sense. +I just read this article posted on Refinery and was really surprised - especially as the person had paid it all back on time. I wonder if this would be flagged at the AIP stage or after. Food for thought anyway! + +[Click here for the article](https://www.refinery29.com/en-gb/2021/07/10580038/buy-now-pay-later-mortgage-eligibility) +I'm a teenager and work about 8 hours a week at McDonald's and I've been debating if I should spend my money on the $500 console or not. I've been saving my money so far (I haven't worked for a lot of hours so I got about $900 over the past 3 months). And I've pre-ordered a new Xbox for $500. I'm conflicted on whether I'm making a bad financial decision but the other side of that I'm overreacting on making a purchase this big. + + +I know this is probably a dumb thing to be debating about since it's so insignificant to the financial problems you guys have in the real world but I thought I'd ask for some advice anyways. + +Hey this really made me feel better about this little thing. Thanks guys +Because why put in 6 - 10 years many crafts to master just to earn six-figure when you can just find an edge in trading. + +If that is true, then you must be smarter than these professionals because you found a shortcut to the good life. + +Ppl need to understand that you have to put in almost the same amount of work, except you have to teach yourself everything from scratch. + +As a matter of fact, it’s actually these same ppl in these types of roles that are successful in trading., because their proven successful track record in their professions can be transferred into trading as well. + +If you are having a trouble trading, go out and do something successful, then come back, you’ll have the right mindset by then. + +Successful traders have successful character and successful minds. +I don't normally trade this pair, but while looking for my trades for the upcoming week, I saw a number of things that excited me, and after doing some drilling in/zooming out, I've become fairly well convinced a significant event is coming up soon. As it's a popular pair, I thought some of you may be interested + +EURUSD has generally been relatively quiet since the strong burst of growth it experienced in May and July. + +Anyone who has been trying to trade it since the beginning of August, has, in my view, been trading inside the consolidation channel, where the action is chaotic and indecisive + +Not to say you can't make money in those conditions, but I think if you zoom out and look at the bigger picture, you may agree that the real opportunity is coming, possibly as early as this week (if not, then likely before Christmas) + +This is a longer term trade idea which is based on the 4H, 1D, even the 1W chart. All of these charts are indicating the same thing could happen, and we have a period of confluence now, which if resolved decisively, gives you a fantastic opportunity + +However in order to bear fruit to the full, this is a trade you will have to allow to play out, at least for weeks, possibly for several months. I do think that even taking into account swap/overnight fees, it could be worth it. But if you are not patient with trades and tend to start drilling into the 5 minute then panic selling on some short term moves, this one is not for you + +So what's the setup? + +Let's start on the daily + +https://imgur.com/a/t5PxnjT + +This is the period of price consolidation which follows the aforementioned explosive rises earlier in the year. Now, before you say my analysis is bad because of how I've drawn the bottom line on that pennant: (1) The bottom line doesn't matter to me because I am only looking for a trend continuation here, I'm not currently interested in shorting it. The only thing the bottom line would be useful for is to indicate*when* the consolidation will finished (2) I believe the lower breakout was caused by the volatility on markets around the US election. I think it was a fakeout and can now be dismissed (3) If you do not agree, fine, move the line down. As I say I'm only presenting a trade on the top line, which appears consistent. + +If this pennant is broken to the upside, the potential is huge. Normally when trading this pattern, you can set a TP around 'the length of the upward leg added to the breakout zone'. In this case you'd be looking at a TP around 1.24. By the way, I am not going to suggest how precisely you trade this, I'll leave your entries and exits up to you. And again, this may take time to play out + +Now, if we drill in a bit and look at the 4H, we can see we are in a second consolidation period from what I earlier called the 'election volatility' and the sudden moves that happened around then + +https://imgur.com/a/fmAHQdC + +The smaller, central pennant is the one to look at on this timeframe. The upper, longer line is what I just showed you on the 1D + +What should capture your interest is that we are threating to break both these lines at almost the same time. Any move that breaks both is likely to be decisive and could portend a very strong upward move + +For a third piece of confluence, you can see the price rejected 1.189 three times last week. I don't normally pay much attention to resistance, but, it seems to me, the price is attempting to break high out of this channel, and if that line capitulates, as well as the lines on the 4H and the 1D - again, I see very explosive activity coming up + +For a fourth piece of confluence, although this is so long term nobody would normally trust/trade it, it's kind of pretty so I'm going to put it in here + +The weekly chart + +https://imgur.com/a/954MwYQ + +It's unbelievable really, but here we seem to have broken a trendline which has been established since the Financial Crisis. I don't know if this line can be trusted, but if you do what the chart says, it's telling you to go long. Interestingly, also points to a TP around 1.24, maybe more like 1.235 + +My final piece of confluence is based on fundamentals, which I do not trade but nonetheless, I find this compelling: + +Since the last period of explosive growth, inflation on the EUR has fallen from 0.9% to -0.2%. Meanwhile, the USD has risen slightly from from 1.0% to 1.2% (and interest rates have remained flat). This hasn't been priced in yet, and from my rudimentary understanding, it should be + +So, make up your own minds. Even if you don't want to trade yet, I think if we see the EUR smash some of these key lines, you've got to pay attention. You might want to open some small positions now, you might want to wait for the trend and risk a pullback. You might want to pile in at consolidation levels, should they form. Trading is never easy, so I'll leave all the decisions to you + +As I am still learning myself, I'll happily take any feedback on my analysis +I've been eating dinner at my family's house regularly because I couldn't afford groceries. I've been scared of being stranded because I couldn't afford gas. + +I went all in on my beloved GME and left a small cash reserve in my checking account that slowly depleted as different options of revenue didn't pan out. + +I was moving amounts of money under $20 from multiple bank accounts bringing them to empty to consolidate for incoming bills and trying to keep just a little gas in my tank, using gas purchases to leave just pennies in my various accounts as I consolidated. + +Then it happened. My bank overdrafted me over a $1 gas authorization fee before one of my my small deposits cleared. $34 overdraft fee! FUCK! + +Then I'm in the negative. I had enough money after my deposit for one tank of gas to barely get me to an out of state gig. + +I'm too proud to ask for money. Did I consider selling any of my GME shares? FUCK NO!!!! No way in hell! I know how to broke and you apes learned me how to DIAMOND FUCKING HAND!!! + +So how did I get to my out of state gig? I fucking intentionally OVERDRAFTED AGAIN!!! I got to my job and have been working my ASS OFF!!! + +My eyes welled up with tears when my first paycheck hit my account and brought it positive. I barely had enough for autopayment bills and I had a tiny little left over so I bought snacks for my coworkers! That was such a great day! + +Then my truck broke down. New part is $400. My coworkers have been inviting me to their place to help me fix it and loaning me tools, but I can't afford the part yet. So I've been delaying. + +I've been feeling like a mooch because my coworkers keep taking me out to eat and I couldn't afford to help pay. + +This morning as I woke up and checked Superstonk first thing like I always do, (and the last thing I do in bed before falling asleep) my next pay check cleared! Four figures in the bank baby!!!! + +I already have plans for more GME shares! +Now I can fix my truck! + +No, I don't want any of your fucking money. You take that money and BUY MORE GME THROUGH COMPUTERSHARE and make me proud of you! + +I got my own money now! Now I can take my coworkers out and buy them a burger and beer! I can't wait! + +I've got insane amounts of overtime lined up for weeks ahead of me. I'll be fine. I just had to get over this hump. AND NOW I'M OVER IT!!! WOOHOO!!!! + +Selling my GME was the farthest thing from my mind. + +I fucking love you fucking apes! And I can't wait to start making the world a better place after MOASS!!!! + +💎👊 + +edit: i have to admit part of me REALLY wants to keep buying as much GME as i possibly can +and keep riding the wave balancing on the teetering edge of broke! i love GME so much! + +AND MY COMPUTERSHARES ARE NOT FOR SALE. EVER. FUCK YOU KEN GRIFFIN AND ALL THE FINANCIAL CORRUPTION stealing from poors who are trying to invest and save and curb stomping struggling businesses into cellar boxes. + +When GME goes down I get excited! +It jacks my tits!!!! Apes buy more! I will soon too! + +I love you apes! Every fucking last one of you! + +♥️💕❤️💕♥️❤️💕♥️❤️🥰💕♥️🥰😍 +So I was speaking with a mutual friend on discord, he told me how he bought the dip earlier this month and spent more than he usually would due to the size of the dip and as he expected a quick bounce back, problem is that now he’s completely screwed himself in terms of Christmas presents, he’s bought nothing for his family because he figured he could make a fast profit instead, this is a gamblers mentality.. using funds you really can’t afford to spend and taking massive risks with them. I feel sorry for anyone getting themselves in this position but seriously, when you’re spending money on speculative assets instead of gifts you planned to get for your own family, you’re nothing more than a degenerate, no ifs, no buts. + +If you have problems with self-control, for the love of god, take the money out of your account you really need so you can’t fuck with it. Stop thinking crypto is going to go the way you expect it to within 5 minutes, this short term mentality will do nothing but get you in trouble. + + +**Don’t be this guy.** + +EDIT: This thread is about people with unhealthy tendencies or gambling addictions that planned to spend money a certain way and due to their tendencies have now spent said money. +This isn’t about what you believe Christmas means, consumerism or anything of the sort. +It’s about certain people having no control and losing sight of what’s important to them. + +Please re-read this and note it’s about a friend of mine, who every year buys his family gifts, he’s now confided in me and let me know his addiction got the better of him, has spent that money he planned for his family, lost more on the dip and now he feels like shit for it. +I live in New York and work in new york. It's a very expensive market but markets 2 hours a way are far cheaper(obviously). I guess what i am asking is, can you manage a rental property 2 hours a way by yourself? I would be willing to relocate to the area that i'd be investing in but a few years down the line. +I am pretty new to real estate. How do you know that it is a good or bad time to invest in real estate and in what area is the best, is there a website or some sort of chart? Thank you. +I’ve met a few folks in cr that have moved from the US/AUS and have purchased beach homes they then rent out during the month. I would love to do this and am looking for more info and advice. I love surfing and was thinking of a place in tamarindo or longosta. I understood that you need an LLC to buy property. My plan is to get a place, rent it, and make it available for myself/family for two week blocks every three months so I can come down, surf, enjoy the area, then go back to work in California. Anyone else doing this or something similar? + +1. Where is your property located? +2. How much was it, bedrooms, baths? +3. Did you finance it or pay cash? What was your interest rate? +4. How often do you find it difficult to rent it out? +5. Do you have a management company manage the place? +6. Do you see it as an investment or vacation home? Both? +I currently make $35.70/hour, and I get overtime over 8 hours per day. I’m allowed to do overtime whenever I want/need, I do not need prior approval. Additionally I get 4 weeks of paid vacation, 2 personal days, 5 sick days and I work 100% from home and have since 2018. + +Because we are a small business (and I am an integral part) last year I agreed to a profit sharing bonus paid out quarterly since there was no extra $ for raises. I grossed an additional $3k in 3 quarters, 4th quarter hasn’t paid out yet. I also received a small end of year bonus. + +The small business suffered a devastating flood in Sept 2021 and we are in the process of recovering. I anticipate the profit sharing to increase in 2023, but of course that isn’t guaranteed. + +All told I made about $87k gross in 2022 + +We live in a medium to medium-high cost of living area and we have 3 children, ages 5, 3 & 3. + +My spouse also works from home 100% of the time since 2018 and he just received a market adjustment to his salary this fall, he now makes about 1.85x what I make (not including overtime & profit sharing) but we work in different industries. He carries the family health insurance, I carry family dental & vision. + +Both of us used to live and work in NYC, but moved several states away to Portland ME in 2018. We kept our same jobs when we moved. + +My husband seems to think I can get a different job in my very niche field here, and I disagree that I can find something so flexible (my boss, the owner, doesn’t even blink if I need to take my kid to the dr, attend an IEP meeting, take my kid to weekly speech therapy, etc) that pays more and it is worth it to me to have this set up while my kids are little. I already know if I pursued the sales sector of my industry I could make a lot more $$, but I’d also be traveling quite often. + +We max out our retirement savings, 20,500 each this year (neither of us have a match, he also has a pension plan), plus we max out our Roth IRAs yearly. We have a detailed monthly budget, childcare is the highest item and then our mortgage. + +Our only debt is the mortgage & about $4k and 1 year of payments left on our minivan. We pay $352/mo at 3.9% + +We do fine, but we wish there was extra to save (we want to renovate our 1,800sf cape to add another bathroom and bedroom and create some sort of home office area) and also to contribute to the kids 529 accounts. +I bought at the top of the market at ~ 3,050 before the 20-1 split and I’m thinking about buying more in the short future. I just want to make sure I do it smart this time. I’ve watched vids on people doing the formula, but I’ve had trouble doing it myself. Thank you very much! +I feel like if I start investing eventually there will be a crash that will push everything I buy below the price I bought it at. You could say that that’s why buying value stocks is important because buying stocks at great prices should reduce the impact a collapse will have. But when I look at a value company like Coke, which lost 1/3 of its value last year after the March crash, and still hasn’t fully recovered from it, I just don’t feel that’s true. +Hi. + +&#x200B; + +Consider a cash flow statement with these posts: + + Investments 5.335000e+09 + Change To Liabilities -1.981000e+09 + Total Cashflows From Investing Activities -4.289000e+09 + Net Borrowings 2.499000e+09 + Total Cash From Financing Activities -8.682000e+10 + Change To Operating Activities 8.810000e+08 + Issuance Of Stock 8.800000e+08 + Net Income 5.741100e+10 + Change In Cash -1.043500e+10 + Repurchase Of Stock -7.599200e+10 + Total Cash From Operating Activities 8.067400e+10 + Depreciation 1.105600e+10 + Other Cashflows From Investing Activities -7.910000e+08 + Dividends Paid -1.408100e+10 + Change To Inventory -1.270000e+08 + Change To Account Receivables 6.917000e+09 + Other Cashflows From Financing Activities -1.260000e+08 + Change To Netincome 6.517000e+09 + Capital Expenditures -7.309000e+09 + +How do I calculate free cash flow? Is it Total cash flow from activities minus capital expenditures? +TLDR: Meta free cash flow may drop some staggering 46% in the next year. Nonetheless it is still undervalued, having an intrinsic fair value around 309$ per share. + +Full analysis: [https://youtu.be/7lWlJizZmGk](https://youtu.be/7lWlJizZmGk) + +&#x200B; + +In the last conference call the CFO announced a sharp increase in operating expenses \~92 bn in 2022 (+30% YOY) along with \~31 bn in capital expenditures (+70% YOY). If you combine this with a \~15% expected revenue growth, it means that margins are going to be decimated. I calculated that operating profits will be -9% YOY in 2022 and free cash flow will be -46% YOY in 2022. Are people pricing in these awful numbers from a company that used to print high double digit growth all around? + +In spite of these terrible predictions, the free cash flow generation is still so high that the stock might still be undervalued: **309$ intrinsic value per share**. Assumptions for the DCF valuation: + +* WACC: 8.6% +* revenue growth will slow down progressively to 5% in 2031 +* Free cash flow margins will keep at 15.5% for the next 5 years for then increase progressively to 25% in 2031. +* In 2031 the stock will trade at 17x FCF + +&#x200B; + +On one hand I feel like the market is not pricing in decrease in operating profits and FCF in the next quarters, and when those number will come there will be a lot of selling pressure. On the other hand, the core business of facebook is such a free cash flow machine that the stock is still undervalued from an intrinsic value perspective. + +Would love to hear your thoughs on what you think the intrinsic value is, and what are your thoughts on the stock. +I’m talking DCF analyses, look at all metrics and comparing them by industry to other companies, Etc. Willing to pay for a subscription of course. + +I’d also like of course for growth to be a factor too. Just because a company like AEI has twice the cash on hand than market cap doesn’t mean it’s necessarily a great company to invest in (although up 75% since my post on it). +Polen Capital mentions that some of their guardrails for investments include a solid balance sheet, preferably net cash position, and returns on capital above 20%. If the company can generate such high returns on capital, why isn’t it reinvesting that cash back into the business? Isn’t there a significant opportunity cost? +Whirlpool owns a family of companies including Maytag, KitchenAid, JennAir, Gladiator. + +Financials seem good although I think they may have pulled some future demand with the pandemic. + +I think the company has a strong Moat- they make the most reliable appliances out there, and will benefit from globalization trends. + +Any opinions on this company in the mid to long term? +Diversification is a hotly debated topic in the investment community. What doesn't get enough attention in the conversation is the fact that diversification may change based on who the investor is. + +I recently watched some of Keith Gill's (DeepF\*\*\*\*\*\*Value) videos and had noticed that he was willing to make a small investment in companies with very little information. A brief look at financials and ratios and maybe some heavy insider buying and he was willing to put .10%-.50% of his portfolio in it. + +Personally I subscribe to the school of concentration in businesses with a large margin of safety that I can understand on a deep level. This is for 2 reasons. Firstly, a large margin of safety on both a quantitative and qualitative level allows for this. Secondly, I simply do not have the amount of time or resources that professional investors have. With teams of analysts and access to expensive software it can be much easier and faster to do research and make decisions. As individual investors we do not have this benefit. + +For this reason it may be best for the individual to follow two paths. A large amount of diversification, like Keith Gill, or large amount of concentration. The tricky part is the in between, the 15-20 stocks. This amount of diversification is probably most desirable as it allows for the best ideas to gain in a large way, while also providing diversification. However, it also requires a large amount of time and dedication to make that amount of diversification work. + +Large diversification becomes closer to a ETF which is generally safer. Concentration in a 3-5 stocks that are extremely well researched and thought out provides safety as well. Having the in between of 15-20 allows for the winners to be sold and rolled into the ones that have yet to pop off. This portfolio turnover aspect can improve returns as opposed to only having 3-5 stocks and going stretches of time with no considerable upside. The mass diversification approach lessens the gains of concentration. So in order to optimize diversification it would most likely be best to hold 15-20 stocks. + +The unfortunate reality is that individual investors, most likely, do not have the time or resources to have the moderate diversification approach and outperform the other 2 strategies. + +It is for this reason that I believe either mass diversification or concentration is best for the individual investor. +I’ve considered myself a value investor for about 2-3 years now but recently the stocks being discussed as “value” stocks here have been really confusing me as to what all of us consider to be a value stock. There’s people posting companies with p/e ratios of 30-40 and claiming for it to be a value bargain and everyone else on the sub seems to be supporting it, so what in everyone’s opinion is a value stock +**Business Model and Prospects** + +* Understandable, simple and predictable business models. Must easily find how they are making money and what their product/services are. +* The business must be currently profitable. +* The way the business makes money is sustainable in the long-term and will be fundamentally unchanged. +* The business must remain relevant in the future by providing a good product or service to answer demand from consumers. +* Main demographic and consumer base should be the average everyday individual. The business must have a form of consumer connection and build brand loyalty. +* Includes integrated and forecasted supply chains to deal with supply issues. (Not as important) + +**Competition and Risk** + +* Must strive to dominate. The business must continue growing to control market share. +* The business must build high barriers to entry to keep market share away from well established and new competitions. +* The competitive advantage/moat must be sustainable and is intrinsic to the business. A small and new business that is moated could compete with bigger brands. +* Limited exposure to extrinsic risk that will affect the business. +* Long-term economics is favorable to the business. Supply is limited while demand is growing. + +**Management** + +* Good governance and management. +* Operated by honest, hardworking, adaptable, and competent people. +* Management must have a good track record and reputation. Must have industry and business experts. Must do what it takes to improve their business. +* Stock buybacks and clustered insider buying especially with top management is favorable. Insider selling is a red flag. + +**Ratios and Measures** + +* PEG +* ROA +* ROC +* EBITDA +* EV/EBITDA +* High net profit margin +* Consistent revenue growth and earnings +* Free cash flow generative +* Strong balance sheet with valuable assets. Also account for off-balance sheet items +* Outside capital is not needed to run the business as the needed capital is provided by the business’s profit. +* Good equity to asset ratio. Low debt to equity ratio + +Some companies I looked at are SBUX, AMD, ETSY, BAC and CROX, some metrics are off but I like the fundamentals. I enjoy looking at growing companies in growing/in-demand industries that can eat away bigger names but also looking at the dominate companies that have space to expand due to demand . I really don't care of market cap. + +Basically would this work? How efficient is it? What type of investor am I? Any advice and fixing? +Why is roku trading so high with even the slightest (not hugely significant) news? + +I’m just still baffled by the price for a company that makes a couple 5 year old cheap streamers. + +(I’m also butt hurt because I though it was to high at 40 couple years ago) +I've been looking at it for a while and i quite like the look of it, it's a clear industry leader - It's 3 largest competitors earn 7B in annual revenue, when CSCO earns that in a single quarter. Very low debt, if continues the same debt repayment they'll have 0 debt in 2 years, nice dividends, and huge share buybacks. What do you all think? +I have recently been researching VZ as an investment idea. The dividend is very juicy at 4.85% and the company IMO can easily grow 3-4% a year. Based on my DCF with 8% discount rate (use a lower rate than most since they are so stable and consistent) Verizon seems like a no brainer investment opportunity. They can be slow growth ahead with margin expansion. Additionally, I believe VZ will see multiple expansion as well. + +However, there’s one detail I have not been able to figure out. Why do they pay such a large dividend but not buy back shares? I would think Verizon should be buying back shares consistently but are not. Does anyone know why VZ is diluting shares? +I know that many of you will probably say S&P 500 without thinking, but the reality is that if you had to choose to use only passive investing that automatically rebalanced (at little to no costs) many of us would choose some form of diversified fund (ie 80/20 stocks/bonds). + +When I first started investing 10 yrs ago I chose VBIAX. I did this because Graham suggests a 50/50 for "defensive investors" (his term for someone who isn't going to be an active investor) in Chapter 4 of "The Intelligent Investor", with the allowance to go up to 75% in either category based on market conditions. I felt that if I ever chose a passive investment strategy it would probably be similar to what Graham is describing, namely making broad market allocations, using ETFs, based on macro-economic and market data. + +Since then, my portfolio lagged at first, but within the last year or so has really pulled ahead. I'm starting to think that I would rather use VASGX which has an 80/20 balance, but wanted some thoughts from the group before going forward. I know that Buffett has suggested something closer to 90/10, but that's also with a much longer time and having enough cash being generated that no principal has to be used. I don't know how realistic that is for me in the future. +I have been interested in investing in a few companies for a while, and when I have used a few spreadsheets the intrinsic values that have been calculated have been ridiculously low in relation to the current stock prices. + +Even if I took prices from 5 years ago the intrinsic value today still is very low compared to the stock price 5 years ago, yet the stocks have grown 5 fold. +I’ve been tracking Kimball International ($KBAL) for a little over a year. + +The angle is margin of safety, i really like the present value and valuation. I could see the stock dipping to $7, but realistically $10. Upside could be +$20. + + +They make furniture for commercial clients, and consolidated the their manufacturing plant last year to reduce freight and overhead costs from fractured distribution. The current balance sheet reflects those initial savings realized this year, so it's not as good as it looks - increasing operating income, but im still comfortable with the current debt to current asset ratio being well under the 50% threshold. They had close to $100M cash on hand and an ROIC of 14% - which anything over 5% is great for this type of business. Recent acquisition of Poppin was made in cash - which gives me a huge boner. Poppin is an online platform for furniture - mainly in home office - which is a trend i dont really care about. But I'm hoping they will build out the platform for their growing healthcare customer base and vertical. I also really like how their balance sheet is almost fully depreciated - which means they are cheap fucks, which I also love. When I asked if they plan to invest in new manufacturing equipment they responded with - if its working why would we replace it? - loved that too.There is obvious execution risk and failed acquisition risk, but it will be a while until that pans out. + +EDIT: I own the stock. Initiated a position in January 2021 and have been accumulating since. Not financial advice, not an advisor. +I'm a 17 year old who has had a strong passion for finance and investing for a couple years now, and I aim to make finance my career path in the future. + +Out of interest, I have been watching online lectures, such as a financial theory course from MIT, a finance course from Yale, a valuation course from a lecturer at NYU, and several other shorter, in-depth YouTube videos. + +I've learnt a lot from these lectures and it has sparked my interest to get a more in depth knowledge in financial theory and investing as a whole. Most of the content I have found on YouTube is not as in-depth as what I am looking for, and appears to be catered more towards financial news than specifically financial ideas and theory. + +I have also read books on finance, which include the standard books that every new investor should read, such as *One Up on Wall Street* and *The Intelligent Investor*, among other lesser-known books. What recourses (ideally online) can I utilize while still a high school student to learn about finance without spending a fortune on online courses or super expensive books? (i.e. other courses which delve into different topics, books I could read and have easy and affordable access to, or specific YouTubers that create quality content) +With so many new people in the crypto space, there are many mistakes that have been made that new investors need to know about. + +One of them is what to do with your hardware wallet when you first receive it. + +#Legitimate devices + +In 99%+ of cases (99% is a low estimate) you will receive a legitimate hardware wallet. However, there have been cases of fake Ledger/Trezor wallets, or even wallets already set up (more on this below). + +[How to ensure your Ledger is genuine](https://support.ledger.com/hc/en-us/articles/360002481534-Check-if-device-is-genuine). + +[How to ensure your Trezor is genuine](https://blog.trezor.io/psa-non-genuine-trezor-devices-979b64e359a7). + +These steps are particularly important if you buy from places like Amazon where there is very little individual stock quality control. + +#Your seed + +When setting up your hardware wallet for the first time, you will be generating a **BRAND NEW SEED**. If you did not do this step during the setup, it's possible that someone has set it up, hoping you don't notice. + +They then monitor your wallet for transactions and drain your wallet. + +Every wallet has a process of generating your seed, then displaying it for you to record. This applies to every type of wallet, so if this isn't something you did you should investigate ASAP as your funds may be at risk. + +#Factory reset + +After you have properly set up your new wallet and have noted down your seed, it's time to wipe your device. **Yes, this is necessary.** + +Before sending a single transaction to your new address, factory reset your device and recover it using your seed. This ensures you have noted down your seed correctly and you are **capable** of restoring your wallet if it gets damaged or stolen. + +I personally know people who had no trouble setting up their wallet, but needed a lot of help recovering it. Practicing this with a zero-balance wallet is an extremely valuable exercise. + +This is such an important step that too many people don't do. Always practice disaster recovery as hardware devices will always eventually fail. It may be 15 years from now, but hardware doesn't last the test of time. + +Also worth noting - your seed can be used to recover your wallet across another medium. For example, the seed from your Trezor can be put into a desktop wallet like Exodus and you will be able to access everything. +what are you guys thoughts on buying fractional shares of BRK .A, say $400 a month. I looked at the 5 year chart and it's up about 85%, that would be a average of 17% per year (if all things where even). I know there is no dividend but wanted to ask here b/c the gains are far better then any Div Yield(?). +I’m interested to see which tobacco company people favour, at the current levels. + +All companies seem to have a strong balance sheet and moving into the E-Cigarette market. +My realtor friends are all saying buy now cause rates are low. I am 37 and have lived with my father my whole life(we split rent etc). I have 13k saved at the moment with no debt. I made some mistakes in my 20s and built up some large debt that I finally paid off a few years ago. I'm on pace to save 18k by the year mark of when I started saving. Would you guys just keep saving for a while? I want to be on my own badly but I'm saving so much right now. + +My dream homes run about 170k. I've been looking more down around 130k though. I refuse to be house poor so I'm planning my mortgage and utilities to be 33% of my monthly pay. + +Renting is not really an option, I want a nice garage to work on cars etc. + +Thank you for any advice. +Hi r/investing! + +I've been a passive investor in tech indexes (VTI, VXUS, S&P500, etc...) for over 5 years now. +I had my ups and downs, and now I have a respectable amount in my portfolio, so I'm thinking about investing in a Portfolio Manager. + +I believe that every professional in his own field has better knowledge and time to spend on it than I have. + +Also, I know that for low-amount portfolios the commission will be higher than the profit, but no millionaire out there is investing their own money by themselves. + +So, my question is - from what amount you would consider a Portfolio Manager? +I’ve had a small business for 20 years, and we’ve had ups and downs, but this month I’m starting to get really worried about the entire economy moving forward. + +Today I had one of my ex-employees ask to speak to me. She explained to me her nail salon business has gone very quiet all of a sudden in the last few months. And she wanted to know if I had any work available. + +Personally, my business is holding up at the moment and a few months ago we almost had to stop operating because we didn’t have enough staff. But now all of a sudden I have multiple employees asking for more work. + +And I’m not sure how I can afford to offer more work. Wage increases, supply cost increases, transport costs up, energy costs up, imports US dollar is biting now .. even the background stuff like income protection, insurance, leasing and accounting.. everything! . And it’s all happened over a short period of time. + +And the big kicker on top of that is the business loan repayments have gone up. I know AUSfinance is focused on Peoples house mortgage. But business loans are equally under heavy strain. + +And I really can’t afford to bring up my prices to compensate for all this. Because the moment customers slow down we are stuffed. That’s what you call a recession I suppose. + +As a business owner I could handle a recession. I guess. I hope. But there are a couple of things unique to this moment. + +1. The swings are wild man. + +Since the first sirens of the pandemic, I’ve had to endure countless new conditions. It just swings from one circumstance to another. You either win or lose with the pandemic. One moment it’s closed doors, next minute it’s red hot demand, one moment the AUD is fine next moment it’s catastrophic, one moment we have no staff, next moment we have too many, one moment it’s record low interest rates next moment it’s at decade high. And then Supplies vanish. We are operating in absolute darkness, I have no idea if we are going to be operating well next month or not. No idea where we are headed. I’m almost paralyzed by the situation. + +2. One industry is red hot, another industry is dead cold + +Went to a bbq, Jimmy tells me his business is slow post-covid now and he is doing some house cleaning shifts on the weekend to pay the bills, meanwhile craig across the table just bought a new ute because business is boooming. + +To get inflation under control, we need to slow down the economy. But alot of businesses are not positioned to survive this. And it’s not because they are bad businesses. + +3. I don’t think the government has the stomach for it + +What is the solution. High inflation and high interest rates. The only way out of this, and avoid a long term recession that hurts everyone is to pull the rug quickly. Hit those rate hikes hard and fast to reset the economy. + +But that means a lot of people have to lose their businesses and homes. The economy can’t reset otherwise. + +I’m not convinced the government has the stomach for it. The moment someone loses their house, the news is all over social media and TV and the politicians pull back. It’s a ratings game for them. And the recent reservation for rate hike this month I think is indicative of the government preferring to poke inflation with a stick instead. “Is it dead yet?” + +Look at UK, tax cuts? QE? Printing money is all they know + +Obviously I get it, i am a business owner, I am seeing the pain in my ex-employees voice. I am sympathetic. It’s not her fault at all. It’s not mine either. I don’t know whose fault it is. But I can’t see how we get out of this any other way? + +What is the answer? Hmm It’s not all about mortgage rates. Ausfinance is so focused about how much their house is ‘potentially’ worth at the moment… long term Recession is looming if we don’t curb inflation fast. +Yesterday the EU framed new KYC and AML mandates that affect all crypto service providers including exchanges and wallets. + +[EU Rep: After months of negotiations with the Council, we agreed the most ambitious travel rule for transfers of crypto-assets in the world. We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules. ](https://preview.redd.it/kbya9kz9dq891.jpg?width=1372&format=pjpg&auto=webp&s=b58c00d6aeb38b29f09c0615d2cbd77e75a18bcc) + +With this deal, they are now slapping travel rule requirements across europe for all crypto entities. They have to now track every wallet level information of users and allow withdrawals only to wallets that have been verified by users as belonging to them. This is known as travel rule, and is already in place in some countries but with this deal, it will apply to the whole of the EU. Presently, Swiss exchanges require you prove your wallet belongs to you. Now, the whole of EU is going into this standard. + +If you are withdrawing funds or sending funds to an exchange, the onus now falls on the exchange to ensure the wallet is KYC'd to you. **You will have to sign a message from the wallet to prove you are the owner of the wallet. Otherwise, the exchange may not be able to accept these funds.** + +According to these laws, + +>The regulation will also apply o transfers from/to unhosted wallets. CASPs will be required to collect information and apply enhanced due diligence measures with respect to all transfers involving unhosted wallets, on a risk basis. + +This means the exchanges and centralised services will have to collect information and do all kinds of due diligence on where the funds originated from, if you are sending funds from your personal on-chain wallets to these centralised entities. They may reject your funds arbitrarily, and even hold your funds hostage if you dont pass some of their automated checks. + +>Verification of the identity of the beneficial owner of the unhosted wallet will be mandatory for large transfers above 1000€ in case the transfer is made to or from the wallet belonging to the CASP’s own client. + +This means if your transaction exceeds 1000€, the onchain wallets (termed as unhosted wallet in regulatory speak) identity has to be verified. Imagine this - doing a passport or drivers license verification on Jumio everytime you send a €1000 transaction from a new wallet....**PS: Unhosted wallet terminology is total nonsense**, devised by unelected agencies like FATF to stigmatise onchain crypto users. Purely, from crypto's technical perspective, the term "unhosted" doesnt mean anything. Its not hosted on their fiat system, so its unhosted? Lol.. these classifications have been created solely to limit access and differentiate onchain crypto users vs those using the fiat rails. + +Some other policies that are part of this deal: + +>New risk-mitigation measures will be in place: CASPs will be required to perform enhanced due diligence before establishing a business relationship with CASPs operating in third countries. Specific enhanced due diligence will apply to unregistered and unlicensed entities. + +The whole "deal" originates from a position where anyone using crypto is being seen as an adversary, and they want the centralised entities to limit such users as much as possible. It also empowers centralised agencies even more to lock, seize and hold hostage user's funds by now taking shelter under a host of new AML mandates. Lets say you made an onchain trade for a new coin on a new chain, and that mooned and now you want to cash out, but the exchange doesnt accept this, then they can hold your funds hostage + +The EU is clearly focussed more on limiting people's financial privacy than taking any kind of action on the massive wave of inflation that EU countries are currently facing. This EP member Ernest Urtasun's country Spain is facing record inflation of over 10%.. and all they can think of is gutting people's right to financial privacy. + +These are draconian laws and restrictions on people using their own funds. Just to please a bunch of bureaucrats, you will have to sacrifice on your privacy. The need for P2P services rises even more now where you can continue to trade and exchange crypto without the need of centralised intermediaries. + +&#x200B; + +Link to the EU deal: [https://www.europarl.europa.eu/news/en/press-room/20220627IPR33919/crypto-assets-deal-on-new-rules-to-stop-illicit-flows-in-the-eu](https://www.europarl.europa.eu/news/en/press-room/20220627IPR33919/crypto-assets-deal-on-new-rules-to-stop-illicit-flows-in-the-eu) +I’m new to day trading and have been day trading TQQQ options. I’m working with small money, mostly 1-3 contracts that expire that week. I’ve been trying to stick to 7% downside and at that point I close the trade. Today with one trade I could see it’s just playing with the moving average and just need a slight bump to bounce off. I decided to keep the trade open even after it went past my -7% loss limit. I ended up closing the trade at 13% profit. This made me realize that sometimes a trade just needs some room to breathe. What do experienced traders do? Risk management above all or you decide based on each trade? +Any other advice is also appreciated. +I've been thinking about something for a while. I want to set up my children to be able to not need to worry about retirement. At least... Not as much as I, and a lot of the people on this sub, do. Essentially, I want to put some money away, invested, that will grow enough that they'll be coastFI from birth. + +A few quick calculations suggests that $10k per child at 7% annual return is perfect, leading to an average of a bit over $800k at age 65. + +Any thoughts on how to get it to them with the least tax burden? What about protection from creditors? My current plan is to "pay" them $5000 each year for the first two years of life (like as photography models - maybe make and sell a baby calendar at a loss) and dropping that money into a Roth IRA on their behalf, but I'm not entirely sure if that'll work the way I expect it to. + +Obviously this would push my FI date back by a bit, but I can't help but think it'd be worth it. + +**Edit**: Did some more research and looked into many of the comments here. Looks like Schwab (at least) offers an easy to setup custodial IRA or Roth IRA for children. Score! I'll also likely talk to an actual professional before deciding in the end. I think I have a benefit from work for that as part of my EAP. + +People saying this is tax fraud. No, it's not! Not if done properly, that is. The quotes around pay were because I'd assume I'd operate at a loss, but I'd still route it through either sole proprietorship or an LLC. I wouldn't just employ them on paper - I'd actually print and sell something with their likeness. + +The creditors part: I live in the USA. One minor accident/injury/illness/etc is a bankruptcy for the vast majority of people. I want their retirement fund protected from that. + +And to all the people who are super angry about the idea of "trust fund babies". The idea isn't that they wouldn't have to work - it's that they would be able to do the work they want rather than being forced into the most lucrative possible position. Jealousy is not healthy. +[https://www.wsj.com/articles/massmutual-joins-the-bitcoin-club-with-100-million-purchase-11607626800](https://www.wsj.com/articles/massmutual-joins-the-bitcoin-club-with-100-million-purchase-11607626800) +I have about 7.5k on me. I make about 600 bucks a month and don't spend more than 160. As a college student, is investing 5k in mutual funds and ETFs a good idea? I figured I could use the money to make some more money over the next 3.5-4 years instead of letting it sit in my bank account. Im also considering getting a car within the next 6 months so I'm unsure as to how this move would factor into the investing. Let me know what y'all think! + +Edit: thank you all so much for the responses! And since I'm considered an international student I don't think an IRA or a 401k is on the cards for me as someone who's on an F1 visa +https://politicalwire.com/2018/02/09/obama-market-vs-trump-market/ + +We've been raving about 2017, but the first year of Trump is look weak compared to Obama. 13.68% under Trump vs. more than double that for Obama, 31.43% +Many on here are, rightfully so, quick to point out that certain stocks are currently "overvalued" or "overhyped". + +So I ask you this question: Which stocks would you still buy today at today's valuations? + +I don't mean to simply add one more share to a position where you're already up 500%, but rather starting a new position. Which companies are so attractive at current valuations to warrant a purchase? + +My personal picks, at today's prices, are: + +\- AAPL + +\- SE + +\- NET +I read a Bloomberg article [here](https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2018-07-24/automakers-saved-on-tax-cuts-here-s-how-much-they-may-give-back) saying that Ford spent $509M on tariffs and saved $208M in Q1. Seems like they should more than offset. What am I missing here? +Here by free market I mean what the Austrian School refers to as a free market, one that is free from government regulation and controls. I have often heard libertarian capitalist economists say that in a market free from government intervention there will exist perfect competition and thus no one company will be able to gain a too dominant share of the market in any given sector. Also arguing that any disequilibrium in the economy caused by monopolies would lead to entrepreneurship to counter such market failures in a free market. + +I'm not entirely convinced by this line of argument as I can see potentially for natural monopolies to form via luck or simply getting places first then engaging in predatory pricing and fluctuating prices to utilise their economies of scale to drive out would be competition. + +Is there a general consensus on the topic? +So I'm reading "Socialism". And one of the main arguments Mises makes against LTV is that "lt leaves, for instance, the consumption of material factors of production entirely out of account". Then he demonstrates it with the following example: + +"Suppose the socially necessary labour time for pro­ducing two commodities P and Q is ten hours, and that the produc­tion of a unit both of P and of Q requires material A, one unit of which is produced by one hour of socially necessary labour, and that the production of P invoives two units of A and eight hours oflabour, and of Q one unit of A and nine hours of labour. In a calculation based on labour time P and Q are equivalent, but in a calculation based on value P must be worth more than Q. The former calcula­tion is false. Only the latter corresponds to the essence and object of economic calculation". + +I guess I don't understand something very simple here. But how does he come to the conclusion that "In a calculation based on labour time P and Q are equivalent, but in a calculation based on value P must be worth more than Q". Does he mean that if the production of some commodity involves more material factors it will always have a higher value? If so, how does he define value (if I understand correctly, this is a crucial thing in understanding his argument against LTV)? +I don't know much at all about the recent Mexico gas price hikes except for the fact that it's been the "cause" for some recent panic/rioting. I've been under the impression that they deregulated some legislation in regards to fuel/gas. Wouldn't this generally lead to a decrease in the price of gasoline all thing considered? +I saw an article that said pork and fruit terrify are going to impact that market. Will the predicted decrease in foreign demand due to the increased pricing as a result of the terrific cause a domestic decrease in price due to the larger domestic supply? +Hello mi amigos economistos + +So, while reading a book on findings in the field of decision-making in psychology, I stumbled across the Prospect Theory. +http://www.princeton.edu/~kahneman/docs/Publications/prospect_theory.pdf + +In a nutshell: + +1. Choice between A) 4000 with probability 0.8 and 0 otherwise B) 3000 with probability 1 + +2. Choice between C) 4000 with probability 0.2 and 0 otherwise D) 3000 with probability 0.25 and 0 otherwise + +In the first question 80% choose B, in the second - 65% choose C, implying: + +0.8u(4000) < u(3000) +U(3000)/u(4000) > 4/5 according to the first choice, but the reverse inequality according to choice C in the second question. So the expected utility theory is violated here, and the authors attempt to present a solution for the contradiction. + +It appears to be more consistent with our psychological biases (+ the authors received the Nobel Prize in economics for it so it’s more-or-less legit). + +I’m a final year economics student, and was pretty shocked when encountered it. Why isn’t this taught at unis? Are there any popular applications of the theory? + +Yes, yes, I have googled this question and read the FED's nice little page about it. But really - is the FED accountable to the public? How direct is oversight? Given the incentives for major financial institutions to influence the FED, what stops them from simply bribing the board members? +I have finished a Bachelors in Economics and I'm now reflecting on what I learnt. + +In intro micro, we learn that a perfectly competitive market will naturally reach equilibrium if there are no external factors (for example market failures). + +In intro macro, we learn about the Keynesian multiplier. How every transaction creates a chain and influences the economy further. + +I, like many others, learnt these 2 concepts separately. However looking at them together now, it sounds like the Keynesian multiplier states that every transaction has an externality associated with it, which is a market failure. + +Would this then mean that the supply and demand model that is taught in every intro micro class is incorrect? +I strongly believe that this century will see "sustainability" morph from a hippy dippy enviro word to a physical reality of a finite planet. + +Modern supply-side economics however is firmly built around the pursuit of growth. More production, more capital, more goods, year over year. But to what ends? + +Could modern economics still contribute anything if stability was the new goal rather than growth? +In this piece https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 the price of bitcoin is modeled using scarcity and the stock to flow ratio with impressive precision. + +Essentially, it says that because the new supply of bitcoin is halved every four years we can use the stock to flow ratio to predict the price. Where the stock is the total supply of bitcoin and the flow is the new supply of bitcoin entering circulation every year. This article was published 2 years ago and has continued to predict the price of bitcoin. + +Is this pseudoscience and if not how is it able to predict price so accurately without considering demand at all? and when will it stop working? +Why do some governments (e.g. the UK one) subsidise oil exploration/production, and at the same time tax heavily the consumption of oil. I presume the former reduces the cost of oil, and the latter obviously increases it. Why do both? + +It seems really strange to me, so I'm assuming some economic trickery is going on that someone could explain. + +(Initially asked on /r/economics, but a bot told me to post here instead.) +Mind you this is something I commonly hear from crypto traders and those who are very pessimistic of the US financial system so there’s certainly a bias at least. Most people that have said something along these lines I’ve found don’t provide a very clear explanation of what that means but I’m not well-versed enough in economics to understand the argument. +Ie one thats say 30 or so miles from a city centre? + +The advantage of cities is they are dense in population and services etc. Towns just seem to be arbitrarily placed and have homes from 100 years ago. So why do they continue to exist, even as say coal mines close? Aside from the occasional tourist how do they make money and employment? + +Would it be better if we just moved them to the cities rather than, what i presume, subsidizing towns and their pubs? I cant see towns being productive. +If governments levy a tax, as large as 100%, on the use of coal as a fuel source, what would happen in the electricity markets? +Hypothesis: +* As the price of coal increases, demand for coal would decrease. +* Electricity market participants would turn to other low cost generation sources (Nuclear, Gas, Hydro, Wind, Solar, etc). +* With the lack of competitive advantage, coal fuelled generation would be forced out of the market. +Agree? Disagree? Please Discuss! +Hi all - + +I live in the UK, and we're periodically told about our "productivity gap". The French get the same amount done in 4 days that we do in 5, or some such statistic. + +And then, in the same news article, "productivity" is explained in terms which only ever relate to physical widgets being produced. + +I don't make widgets. I don't work for companies which make widgets. I suspect you'd actually have to go several steps along a supplier-to-consumer chain before you reached anyone who produced anything physical. + +I work in tech. In a particularly low-level, infrastructural area of tech. I've not seen someone make something since I worked for a cooker manufacturer in the late 90s. + +So ... + +How *should* my productivity be properly measured? + +Should I even care about my productivity? + +Is productivity actually a useful measure in an economy like the UK, which is skewed away from manufacturing? +I’ve heard this phrase a lot but don’t know much about it. My initial understanding is that the idea is that sovereign debt in countries because they can print more money to pay off any debt, so defaulting is unlikely. + +I feel like the obvious criticism is regarding inflation, and I don’t understand how MMT accounts for this + +Per Wikipedia inflation is only an issue when the the natural resources and capital of a company are at full employment. And the government can raise taxes to reduce the money supply + +The problem I have for this is every time the Federal Reserve Bank even mentions raising interest rates or the government talks about raising taxes, the markets flash crash and they walk it back + +Additionally our current national debt is already greater than the GDP. + +It feels like MMT hinged on the statement of “debt is denominated in the sovereign currency and so you can just print more currency to pay the debt”. But if other countries refuse to buy your debt issued in your currency, and instead require you to buy a more stable currency. What is to stop runaway inflation then? I feel like this is what happened in countless countries already so I’m not sure how MMT holds up to scrutiny +to 12c from 24c. So there's the much expected move re: the dividend. Has only done this two other times - the Great Depression and 2008 Global Financial Crisis. This is the only time that it has not lessened the dividend because of the global economic environment. + +Investor day later this morning. Stock down 34% YTD. + +Edited: I guess this is going over well: https://www.cnbc.com/2017/11/13/ge-to-focus-on-three-key-units-exit-most-other-operations-wsj.html. I still think it should be broken up. +Nano is legitimately the ultimate cryptoCURRENCY. When I was researching what cryptocurrency to buy, I decided I wanted a crypto that had the best balance possible of the following attributes: + +**1. Decentralization** \- Censorship resistance is the most important aspect of cryptocurrency + +**2. Environmentally friendly** \- Consume minimal wasteful energy + +**3. Scalable** \- More TPS = better + +**4. Fairly distributed** \- This is important to prevent creators from dumping on the buyers + +**5. Fast** \- Faster transactions are more convenient than slow transactions. + +**6. Low transfer fees** \- Cheaper fees to send = better + +**7. Low inflation** \- Inflation devalues existing coins and creates potential sell pressure. It also incentivizes spending which is bad for the environment. + +&#x200B; + +Below is a description of Nano in regards to the above attributes: + +**1.Decentralization** + +Nano has hundreds of nodes. The below image shows the decentralization of the bitcoin mining pools. + +https://preview.redd.it/oanw3jskzrp81.jpg?width=715&format=pjpg&auto=webp&s=dcf0c42ba2ca00dfc9c4bbb34d2e31dbb0e10eb4 + +And this image shows the Nakomoto coefficient of Nano. + +https://preview.redd.it/4smhpo0mzrp81.jpg?width=605&format=pjpg&auto=webp&s=715bae19f06a67ed9fd2af2fec4d61a11e66402c + +**2.Environmentally friendly** + +Nano is as environmentally friendly as they come. Nano does not have mining. Below is a visualization of Nano’s power consumption compared to Bitcoins. + +https://preview.redd.it/mpxrlc0ozrp81.png?width=1155&format=png&auto=webp&s=ad3981cde3af2df12ffc726fef8ccbae4100322a + +**3.Scalable** + +Nano does not have a hardwired limit on scalability (aka transactions per second). Instead, Nano’s transactions per second are limited by hardware and bandwidth. + +**4.Fairly distributed** + +[Nano’s distribution](https://blog.nano.org/the-nano-faucet-c99e18ae1202) was not perfect, but it was very close. 95% of the Nano supply was given away for free for solving captchas. Approximately 5% was reserved for the development of Nano. It is estimated that about .2% of the Nano supply is still in the development fund. It is extremely important to have a fair distribution. Without a fair distribution, founders of cryptocurrencies could rug pull and sell the tokens they own, thus crashing the price. This image shows just how much better Nano’s distribution is than most cryptocurrencies: + +https://preview.redd.it/4ehzhfbpzrp81.jpg?width=761&format=pjpg&auto=webp&s=8585f04432c7e1a48b63f720975a3d33b64a1f0f + +**5.Fast** + +Nano transactions reach **finality** in about .3 seconds! This is incredible. If you deposit Nano to an exchange, most exchanges will let you instantly trade and withdraw the funds. This is unlike a lot of cryptocurrencies which pretend to be instant, but exchanges know they can’t trust the funds until x confirmations, which takes anywhere from seconds, to minutes, to hours, depending on the currency. + +**6.Low transfer fees** + +Nano is feeless! Here is a visualization that compares Nano’s fees to other coins. + +https://preview.redd.it/g7bo24fwzrp81.jpg?width=1920&format=pjpg&auto=webp&s=a65ae739b57073df57048b745636d92f292b85a6 + +**7.Low inflation** + +Nano has no inflation. This is phenomenal. Unlike most PoW and PoS coins which constantly have new coins getting minted, no new Nano will ever be minted. This is phenomenal because at $40K per Bitcoin, $36 million dollars in Bitcoin is minted every single day. A lot of this Bitcoin has to be sold to pay for mining costs. This is constant sell pressure on Bitcoin’s price which Nano does not have! + +Below is an image that compares Nano’s inflation (and other features) to other coins. + +https://preview.redd.it/gm9nxhcyzrp81.jpg?width=2047&format=pjpg&auto=webp&s=fd42a4aa9243c8f711eaa31c70f5c0e73365323b + +One complaint I have heard about Nano is that it does not have smart contracts. This was an intentional design feature of Nano. By being simple, Nano is able to have faster transactions and less chance of exploitation (to this day, Nano has never had a double spend). I also personally believe decentralized finance is the number 1 use case of crypto (it is Bitcoin’s sole use case), and Nano does it better than any other cryptocurrency. + +**Here is a video showcasing Nano:** + +[Nano in the Real World: Lightning Fast | No Fees | Global Payments](https://www.youtube.com/watch?v=WR9U32u8ulE) + +**Disclaimer:** + +I did my best to post accurate information. If I made any errors, please let me know. This is not investment advice. + +**Edit 1:** + +One of the main concerns people posted is that since Nano is feeless, people are not incentivized to run nodes. This is incorrect. Bitcoin has mining fees and miners are paid to mine bitcoin. However, Bitcoin also has nodes and Bitcoin node operators are paid no fees (they get none of the mining reward). Yet, thousands of Bitcoin nodes are run by people to verify the ledger. Nano nodes, like Bitcoin nodes, also verify the ledger. Since running a node is a way to verify your holdings, businesses and people are incentivized to run them. Just like with Bitcoin, finding enough people to run nodes has been a non-issue for Nano. + +**Edit 2:** + +For those of you who are interested in Nano and want to find out more, the following articles are fantastic reads about Nano: + +[Why Nano is the ultimate store of value and reserve currency](https://senatusspqr.medium.com/why-nano-is-the-ultimate-store-of-value-and-reserve-currency-3b0318844bc8) + +[Creating the theoretical best possible money (analyzing Elon Musk’s thinking in Lex Fridman’s podcast)](https://senatusspqr.medium.com/creating-the-theoretical-best-possible-money-analyzing-elon-musks-thinking-in-lex-fridman-s-149c6acdafe6) + +[The risks of staking for the long-term crypto environment](https://senatusspqr.medium.com/why-staking-is-a-actually-a-bad-idea-aec4ffa71ad2) + +[Why 99% of cryptocurrencies centralize over time (and how it might affect your investment)](https://senatusspqr.medium.com/why-99-of-cryptocurrencies-centralize-over-time-and-how-it-might-affect-your-investment-6623936b664) + +[The basics of Nano — why it’s such an exciting crypto](https://senatusspqr.medium.com/the-basics-of-nano-why-its-such-an-exciting-crypto-577b69665a9a) + +[The vision of Nano — an instant, feeless and green crypto](https://senatusspqr.medium.com/the-vision-of-nano-an-instant-feeless-and-green-crypto-b08ebf25d325) + +Another thing I want to discuss is Bitgrail, which has come up in the posts below. When Nano started out, one of the first exchanges to list it was Bitgrail. Bitgrail ended up being a corrupt operation as the founder stole a lot of people’s Nano. This had nothing to do with Nano as a currency. However, it happened right after Nano’s initial growth, and many argue crashed Nano’s price as Bitgrail was the main exchange Nano was traded on. I believe that even though Nano had the unfortunate event of being first listed on a corrupt exchange, Nano fundamentals are now better than ever. Remember, after the dotcom bust, Amazon stock was trading very cheaply, but by all other metrics Amazon was doing better than ever. +My friend and I (33F and 29F) moved to Saudi Arabia from the UK for work (as nurses) in 2018. Our contracts here finish in July 2021 when we plan to move back home to Edinburgh. + +We are struggling to decide what is the best way to invest the money we have saved here. + +One option is to buy a mortgaged flat myself in Edinburgh (I will have saved about £80k towards a flat, with about £20-30k on the side to keep as a car buying/holiday/rainy day fund). Realistically in Edinburgh this would be a one bedroom flat to get somewhere decent so my friend couldn’t live with me here (she could obviously buy her own flat too but we really enjoy the company of living together and she’s not that fussed about settling down permanently in Edinburgh). + +OR + +We put our money together and buy a flat outright as an investment property. We thought about doing this in Glasgow as flats are slightly cheaper to buy (our budget being about £160,000) but would be happy to buy in Edinburgh too if an affordable place became available. We would see this as a long term investment hoping to make both money from rental income each month and then ultimately hopefully a profit from the sale when we go on to sell the flat. We would then just rent together in Edinburgh. My concern here is that if circumstances changed eg one of us wanted to leave Edinburgh or one of us wanted to move in with a partner, how affordable renting a 1 bedroom apartment in Edinburgh by ourselves would be. + +For both of us this is a once in a lifetime opportunity to have this amount of money and we have worked HARD to get it. We really don’t want to make a bad decision and are wondering if any of you kind, knowledgable internet strangers would have any advice for us. + +Thank you so much in advance :) +I saw a post earlier quoting that Millionaires are made today. BS! + + +I'm not a veteran in the market and won't pretend to be but I believe in these things as of today: + +- Millionaire won't be made by today's dip. A real BTC and market dip imo is below and between 20 to 50% and Satan knows maybe further down... + +- Real money is made when there's blood in the streets. This right now is more like a punch in the face and your nose bleeding. Don't be fool as it could get turn into a **real** blood bath! + +- Don't listen to everyone's predictions and fomo. Don't go ape and all-in in a coin that dipped 10-15%. Always have some cash aside, DCA and pace yourself. The markets tend to rewards those who are discipline and patient. + +May your hodl 10X and I wish you the very best in this Bull Market +The mods of this sub are, in fact, homosexual. They have taken my prized possession. My flair. My flair used to be "The dumbest person on wallstreetbets". Now I am nothing more than a degenerate gambler. What the fuck. I make more money than all of the mod team combined. I provide articulate DD for my fellow WSBers. This is an outrage and a shame to our democracy. The people of wallstreetbets will no longer be silenced. We shall rise up. Together. + + +edit: Jesus fuck this blew up. These mods better give me a fucking flair back or I swear to fucking god I will overthrow this subreddit and the retards will FINALLY get their say! Viva la revolution! +Hi folks, + +Throwaway account for anonymity. I had some good fortune in my early career by joining a rapidly growing startup that recently IPO'd. I've settled all tax liabilities, etc. Here's where I stand: + +Taxable: 2.0M + +Roth IRA: 20k + +401k: 215k + +Cash: 150k + +Annual income (pre-tax): \~700k + +I don't own any major assets (car, house, etc.) due to being relatively young (29) and living in a HCOL city (SF). I'm a very frugal person and invest heavily in savings. Recently, I've started to increase my spending, but I'm still anchoring around 6k/month for all expenses. I want to give myself future optionality to fatten my lifestyle, so feel like I should be targeting around 6M net worth before retiring. + +With all that context in mind, here's the question I'm facing: as my company has grown, I'm getting burned out by the politics of big tech. I want to get back to an earlier-stage pursuit I'm more passionate about. I'm not interested in retiring (at least not yet). + +Making this move will entail a big increase of risk and reduction in expected annual income (I'd expect an income of \~150k pre-tax due to startup wages). As someone who has always saved as much as possible, this is a hard decision for me. To help me rationalize it, I'm been thinking about how I'm really young and will have plenty of time in the market with my investments. + +So, FatFIRE: + +Is it reasonable for me to stop saving (other than maxing out my 401k and Roth IRA, which I intend to keep doing), take the major pay-cut, live off the wages of a job I'm more passionate about, and focus my FatFIRE pursuit on simply not touching my taxable account for 20 years? By that point (if the mantra of "the market doubles every 10 years" holds true), I should have 8M and reach my goal by 50? What does this sub think? +Looks like its got the attention now of a few big Twitter crypto influencers, the biggest being Crypto Cobain so far. Lets see how far this token can go with its actual use-case and its new untapped niche that's separated from the other “moon” coins. What else you guys think this needs to move up to the next level? I’m thinking it will hit a penny this week. Let’s start some opinions though and debates guys! + +[https://twitter.com/CryptoCobain/status/1378715654312837121?s=20](https://twitter.com/CryptoCobain/status/1378715654312837121?s=20) + +💥Welcome to CumRocket ($CUMMIES)💥 + + +♻️CumRocket is a reflective token with BIG PLANS on BSC♻️ + + +💦With CumRocket, you are rewarded based on how long you can hold your load 💦 + + +💸Just sit back, relax, and watch your CUMMIES automatically increase 👀 + + +🥵The top 3 holders at the end of release day get an EXCLUSIVE FREE ANIME WAIFU NFT! Plus more NFT giveaways every week - can you collect all of the CumRocket Babes?🥵 + + +✔️Made by a female developer with a degree in software engineering who is also a KYC tiktok influencer + + +✔️Each transaction has a 5% fee: + + +\- 2.5% is redistributed to all the current holders, in proportion to their current holdings 🤝 + +\-2.5% will be burned for life, thus decreasing the total supply of the token, making it more scarce overtime 🔥 + +✔️This inversely-proportional relationship constitutes a supply and demand model. There is also no limit as to how many tokens can be burnt, making CUMMIES more scarce with every transaction! + + +PANCAKESWAP: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d) + + + +CHART: + +[https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d](https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d) + +🔥BURNED DEV TOKENS - [https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9](https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9) + + +EVENT: + + +THE TOP 3 HOLDERS AFTER THIS 24 HOUR PERIOD GETS OUR FIRST EXCLUSIVE ANIME WAIFU NFT!!! 💦 + +WE ARE MINITING A WHOLE COLLECTION OF CUMROCKET BABES FOR YOU TO COLLECT AND WIN THROUGH GIVEAWAYS! 💦 + + +💦Website - [https://cumrocketcrypto.com](https://cumrocketcrypto.com) + +💦Telegram - [https://t.me/cumrocket](https://t.me/cumrocket) + +💦Discord - [https://discord.gg/Tett4kJsKN](https://discord.gg/Tett4kJsKN) + +💦Twitter - [https://twitter.com/CumRocketCrypto](https://twitter.com/CumRocketCrypto) +Please protect your little apes and apettes by not posting their pictures. It is a crazy world out there. + +It’s the weekend, go out for a walk, run. Drink more water, spend time with your families. + +The squeeze will be squoozed. Just BUY, HODL,VOTE. + +Obligatory 🚀🚀🚀🚀🚀 +🩳🩳🩳🩳s most cover. Have a great weekend!!! + +Edit: thank you for the awards. +Hi there - + +I'm in my mid-30s. I have a partner but this is solely my income and investments. We're considering going into real estate investing together, and soliciting feedback on that and any other investment advice. + +**Net worth** + +Total: \~ $520,000 + +401K: $280,000 + +Roth: $13,000 + +Taxable accounts: $122,000 + +Approx. equity in 1BR rental condo (after agent fees): $102,000 + +**Income & savings rate** + +Annual income: $350,000 base; \~$90,000 bonus + +Savings rate: \~50% after tax + +Consists of: + +* $35,000 of salary paid by employer to 401k +* $19,000 personal contributions to 401k +* $6,000 backdoor Roth +* \~$7,000/mo to taxable accounts + after tax bonus income (= \~$129,000 annually) + +**Investment strategy** + +I follow an asset allocation strategy with rebalancing when the allocations are \~20% out of balance on a relative basis. + +Portfolio allocation is: REIT 15%, Mid/small cap domestic 35%, Large cap domestic 35%, Intl 10%, and Bond/cash 5%. + +**Real estate plans** + +My 1BR condo rental is being managed by a property manager. The rent income is $2530/mo after management fees, $600 of which pays down principal each month. My monthly mortgage + HOA expenses are $2400. If I managed the property myself, I would earn the full rental income of $2750/mo. + +We rent a 2BR apartment in a HCOL city. We're saving for a down payment on a house, with a goal of having a rental unit on the property - either a basement or carriage house unit. Realistically, we would spend $900,000 to $1.2 million on this. + +We're also saving for a second vacation property that we would rent on Airbnb when we're not using it. We've crunched the numbers and can reasonably expect to break even, or even make a little money, on monthly payments. But we're not finding a property that we like personally, and we may end up building on a lot instead of purchasing a house. We live in a city, and the main goal for the second property is quality of life - we need trees and nature. All in, we expect the property would cost $550,000. + +I have $65,000 in cash saved for real estate, and I will probably sell my 1BR rental condo when the lease runs out, with a reasonable expectation of $100,000 cash after agent fees (but before taxes). My partner has up to $160,000 available for real estate. The reason for selling the 1BR condo is that it's in a prime location in the city (I used to live there), and there's not going to be any appreciation other than inflation. It seems to me that the equity would be better put to use elsewhere. + +My partner and I have also discussed real estate purchases as pure investment (as opposed to earning rental income in our primary and secondary residences). I'm not sure the extent to which I should divert my more traditional, taxable account investments to that, and how to account for it in my asset allocation method of investing. + +**Ultimate fatFIRE goal** + +I'd like to save enough for a guaranteed annual income of $150,000 year at a 3.5% withdrawal rate - solely on the basis of my assets, separate from my partner's. At that point, I'd quit my high-stress job and do whatever I want for a living - say, run a florist shop. We'd also move to a LCOL area. According to this [calculator](https://engaging-data.com/fire-calculator/), I'm about 12 years away from that with my current investment strategy, assuming 8% returns on stock. + +Critiques on the strategy? Advice on how much to divert to RE investing? All thoughts and advice welcome! + +\[Edited to correct REIT allocation.\] +Both good careers in aus I hear. I am curious which of these is objectively better in terms of salary, work life balance and job prospects? Dentists of Australia are you happy with your choice of career or do you regret it? (Vice versa for those who did comp sci). +I was called in to interview for a mid-level structural steel inspector position. The interview went well and ended with a discussion about a second interview about pay/expectations. The person I was supposed to have the second interview with was out that day so I was told they would contact me later with the details. Fast forward two days and I get an email from the HR of the company with a job offer, but for a lower position with far less pay. I respectfully rejected the offer stating the position and pay difference, but after I sent my rejection the person I would be reporting to wanted to know more why I didn't accept. To be honest I feel they lowballed me due to my age (I am about 10-15 years younger than others in this position). How do I respectfully tell them that I feel they tried to undercut me due to my age without burning bridges? + +Edit: Thanks for all the advice everyone. They responded back with an offer of a better title (but not the one I interviewed for) and starting negotiations for better pay. We'll see how it goes! +There's a lot of misunderstanding surrounding the fed's recent overnight reverse repo (RRP) binge. For example, [this post](https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/) with 20k+ upvotes, goes on to say: + +>In fact, in two days the Federal Reserve "lent" about 400 billion dollars to interest-free banks against collateral whose real mark-to-market seems to be implicitly priced in the crashes in progress. Translated further, **someone in the last 48 hours had to cover something.** + +&#x200B; + +Or [this post](https://www.reddit.com/r/Superstonk/comments/nbg01m/regarding_recent_rumors_about_fed_bailing_out_hfs/) with 10k+ upvotes implying that the fed has been recently giving money to hedge funds (in light of the recent news ie reverse repos). Come on apes 🦧. WE NEED TO DO OUR RESEARCH. Both of these posts got reverse repos wrong AND made it to the front page. We're a smart collective, but sometimes hype gets the best of us. Let's all do our best to be as informed as possible. + +Also, I hope I'm not coming off too harsh or seen as "bashing" on the above posts. I applaud all apes who try and do their own research! That's half the battle and the reason we've even gotten to this point. Keep researching apes. + +&#x200B; + +Apes, the fed **IS NOT** "injecting" cash into the system with RRPs. That's just not what RRPs are for. In fact, they're doing the exact opposite. RRPs are when the counterparty buys securities from the fed. RPs (repos) on the other hand, are when the fed buys up some counterparties shitty securities, thus injecting cash into the system. Here's some definitions taken from investopedia: + +* **Repo Agreement:** A repurchase agreement (repo) is a form of short-term borrowing for dealers in government securities. In the case of a repo, a dealer sells government securities to investor, usually on an overnight basis, and buys them back the following day at a slightly higher price. +* **Reverse Repo Agreement:** A reverse repurchase agreement, or "reverse repo", is the purchase of securities with the agreement to sell them at a higher price at a specific future date. + +&#x200B; + +# So... what's up with the fed and all these RRPs lately? + +[Hundreds of BILLIONS in RRPs by the FED https:\/\/fred.stlouisfed.org\/series\/RRPONTSYD](https://preview.redd.it/5vx3mdnxlzy61.png?width=1751&format=png&auto=webp&s=deb180b62e18de3b151089e5e53eb3a28b96f31c) + +Well first, we have to know what the fed uses overnight RRPs for. In short the fed uses overnight RRPs to control short term interest rates. The idea is that the lenders will never lend money at anything below the RRP "rate/award" (what the fed gives to the counterparty for buying securities from them). If I set that award at 2%, then lenders have no incentive to loan their money out at 1%, because they can always make more money by just giving cash to the fed. So the fed is effectively setting a floor on short term interest rates. + +&#x200B; + +# BUT, the RRP rate is 0%!!! + +[A lucrative $0.00 Award 💰](https://preview.redd.it/u9u1ll08mzy61.png?width=1103&format=png&auto=webp&s=12d998cdd37aaef026726f86641b9b5c2d6b79ae) + +Good. fucking. catch. Apes. Why the fuck would I give my money to the fed if I'm not getting anything back? MAYBE it's cause they need those securities (bonds) because they've shorted the fuck out of them (a la [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) DD). In what other scenario would I part with my sweet sweet tendies for less liquid securities and NO REWARD unless I REALLY need those securities. Oh wait, isn't there an upcoming liquidity test today? + +0% combined with all this volume is the single most perplexing thing in all of this, but maybe I'm misinterpreting something here? Would love to get some more wrinkle brains in on this. If you apes have any other theories, please post them! + +&#x200B; + +TL;DR: RRPs are not for giving cash to financial institutions, but these financial institutions are desperate for these securities. Hedgies are still fucked. Shorts WILL cover. 🚀🚀🚀🚀🚀🦧🦧🦧 + +&#x200B; + +Disclaimer: I posted a slightly different version of this earlier, but am reposting for visibility because I think it's important we get our facts straight! I really believe in this sub and want to see it continue to thrive, but we need to make sure the quality of our information is there. +Netflix is laying off around 300 more employees across the company. + +The cuts, which represent about 3% of total employees, come about a month after the streaming company eliminated about 150 positions in the wake of its first subscriber loss in a decade. + +“Today we sadly let go of around 300 employees,” Netflix said in a statement Thursday. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.” + +Netflix had warned investors in April that it would be pulling back on some of its spending growth over the next two years. + +Spencer Neumann, the company’s chief financial officer, said during the company’s earnings call that Netflix is trying to be “prudent” about pulling back to to reflect the realities of its business. The company still plans to invest heavily, including around $17 billion on content. + +Co-CEO Reed Hastings also said during the call that the company is exploring lower-priced, ad-supported tiers in a bid to bring in new subscribers after years of resisting advertisements on the platform. + +Netflix is working to crack down on rampant password sharing as well. The company said that in addition to its 222 million paying households, more than 100 million households use its service through account sharing. + +Shares of the company were down less than a percent during midday trading Thursday, but are down more around 70% since January. + +[Source](https://www.cnbc.com/2022/06/23/netflix-lays-off-300-more-employees-as-revenue-growth-continues-to-slow.html) +Part rant, part need some opinions. + +I’m new to this. I purchased my first property last 1.5 months ago, did some quick updates and used my buying agent to help me find a tenant. + +We quickly got a good candidate that would be moving from another state. Good income, good rental history, got bank statements and a received a deposit before moving in. They came in person to visit the property and met my agent. We wrote up the leasing agreement and agreed that the tenant would come to sign the leasing agreement on 7/16 (which is literally today) and provide all the move-in money. + +Last night (around 8pm my time, 6pm tenant & agent’s time) the tenant called me and told me she didnt get paid this month due to some mix up at her company (she gets paid once a month) and doesnt have cash, but would have it by 7/25. I asked her if she’s contacted my agent yet and she said she did and my agent told her to talk to me. I told the tenant I will see what I can do when I get ahold of my agent. + +I tried calling my agent immediately (6pm their time) and have basically been ghosted. It’s the next day now (8am their time), I’ve called and still going to voicemail. + +What would you do in this situation with the tenant? + +In my mind these are my options: + +1. Tenant has basically given up her deposit due to being able to sign lease on agreed date. If she still wants to rent, should I ask her to come up another deposit to hold the place and we can rewrite the agreement with prorated rent. + +2. Should I trust that she comes up with the money by 7/25 and get her to pay the originally agreed amount, so she doesnt have to give me a new deposit + +3. Cut my loses and start finding new tenants? My only fear is that this will waste another month and the soonest someone else moves in is August. + +Also how do you deal with an agent that has ghosted you??? +All (or well, most) of us are not surprised by the incident of insider trading within Coinbase - many Twitter/ Reddit posts have been made on this topic in the past. I can bet it's still happening within Coinbase as well as all other exchanges and it's really really shady because it hurts average retail investors. The moroninc VCs do "insider trading" all the time. This has been the single largest frustration in crypto over the past decade and has deterred many many people from their interest and participation in the space. + +However, the event over the past few months/days including the investigation and arrest of the Coinbase employee is an incredible milestone in the journey of Crypto industry. I can't believe I am saying this but I am pleased to see Coinbase doing this investigation and of course Feds for acting quickly. I do hope this is one of many in the spirit of cracking down on "shady" practices within Crypto and bring a better order in the system and trust among common people. Action on some of the VCs who have destroyed retail investors in their pump-and-dump/ ICO scams would be amazing. + +To solidify this more going forward and build a lot more trustworthy space for crypto, here are some ideas/ thoughts, including potential for new Crypto applications/ Protocols: + +1) We should request all Exchanges to publish an ethics report where they routinely describe these incidents, investigation - even if it's none and all green. This proactive visibility will boost confidence overall and create more trust + +2) There is an opportunity for potential tech innovation - building protocols that can detect shady behavior real time and flag to exchanges/ feds/ users for action. If you are interested in doing so - please ping me \[Shady people please don't dm for seed phrase - else, I will leave a robot behind you to fuck your life\] + +3) As a crypto community, we need to raise our voice when we see shady things - raise our voice, create more fuss unless action happens! + +Godspeed! + I know that when you reinvest dividends, your taking the cash and using it to buy more shares. So my question is, for example, (and apologies if it sounds stupid) if I have 30 shares of coca cola and I chose to reinvest the dividends, then does it go to 31 shares? +My partner is a hairdresser and is desperate to move into a new career due to the harsh working conditions, shit pay and lack of flexibility in hairdressing. He is intelligent and creative, but never finished his arts degree due to major anxiety and ADD. It gets harder as you get older to go back and study, and he wants to make the right career move in terms of improving work-life balance and providing growth opportunities, and more stimulating work. I was thinking sales and/or software development, but keen to hear from others as to industries that will accept older, non-qualified candidates. He is good with comprehension of abstract/complex ideas, has strong drawing and design skills, personable and tech savvy. Can be overly ideological so nothing too soul destroying. Not good with concentrating or synthesising complex info (I.E research) +I've seen at least 2 post today on reddit of people claiming that they are gonna pull their money out of the stock market due to consistent losses. Most of their holding are stocks that were once popular on reddit and more than likely they bought at the very top of the hype but that's not here nor there. The fact is that if you invest money that you don't need any time soon you can just ride the wave of losses. + +I'm personally living paycheck to paycheck and could definitely use the money I have invested but I keep trying to see that money as LOST already. Maybe not the greatest thing but I'm definitely not dependent on it and don't plan on using it anytime soon. There's a certain Game ticker that has lost me a ton of money these last 2 weeks and I haven't bat an eye because I'm not counting on that money. + +I know a lot of us have been and continue to be broke and when we hear people on reddit discussing a damn near certain winner you want to jump in and make some money. But the truth is most of the time it's either a Pump and Dump and more often than not these people are just wrong. + +So my advice to you is if you can't afford to invest money and not touch it for at least a year whether it goes up or down then just don't invest that money. You'll most likely pull out too soon and just lose money. +Walmart's cost cutting measures will remove some truly retarded spending. Less overhead = greater profits. + +Unfortunately this will also get rid of a key backup job for most of us here on WSB. + +Edit: There appears to be some confusion on the morality of this tactic on the part of $WMT. I would remind anyone who thinks Walmart is acting immorally that public corporations have an ethical and legal fiduciary duty to act on the part of their shareholders to maximize profits. Changing the job requirements to push out the mentally and physically disabled was the only thing to do in this instance. Some of you have also mentioned that these employees are subsidized. In a purely capitalist world employment subsidies wouldn't exist. $WMT is doing the right thing. +So I have about 8k in my checking account which is the most I've ever had before (A recent tax return and paycheck boosted it by about 2k). This is just so surreal for me. Three and a half years ago I was living on my friends couch because I couldn't afford rent in one of the cheapest COL area in the US. + +I just needed to share this with someone. + +What did you feel like when you finally had a tiny bit of room to breathe? I've felt anxiety over a large amount of things and therapy/good work enfiroment/ this recent windfall have kind of ablated it. + +It feels so less stressful. I'm going to go do some work go for a run and then meet a friend later. + +Take care all. +Are there any financial rules of thumb to use when buying a car? I’ve read some stuff about the 5-year rule, 10% salary and always buy with cash etc. These sort of rules often seem to one persons opinion so really wanted to see if there is perhaps community consensus on some of these rules? +Hello again folks. I’ve taken some time to do my own DD on GME and sharing it with you, in addition to all the other great DD out there. I’m going to cover shorts, debt, and what I think might accelerate GME’s mission to Mars. + +**TL:DR;** GME is a ticking time bomb. Shorts R Fuk. Buy shares, Sell puts to acquire shares cheaper. Buy leaps on red days. No idea what's gonna happen in the very short term but 2021 will be massive. + +# About the Shorts + +So, updated short interest came out today. If you haven’t seen it, shorts **increased** their positions through the end of the year: + +&#x200B; + +[12\/31 short position update](https://preview.redd.it/k66xyn1oq1b61.png?width=781&format=png&auto=webp&s=a61c48086c09a509fe4a7152db90ba4a3c082323) + +What. The. Fuck. + +I really can’t figure out the macro logic here because from the outside it looks like they’re digging their own graves. + +On the day-to-day scale, I think I understand how this is happening. If you look at the days with a high short volume ratio, the narrative is clear: Shorts are actively trying to defend GME crossing 20 significantly, and coming in hard when threatened. Shorts also took advantage of general market selloff on Jan 4 to push GME down. + +&#x200B; + +[Days with heavy shorting activity](https://preview.redd.it/dir3ss9sq1b61.png?width=1175&format=png&auto=webp&s=7d0859c5aff4dce709a27b945786507ba9c4de18) + +This is also why GME ended up ***only*** \~12% after the recent RC announcement. Short volume was a whopping **4MM** shares on that day. + +The problem is shorts are doing all this active shorting to defend their existing short positions, but they’re either not able or not choosing to close all of the intraday shorting, so it’s accumulating. As of 12/31 the **total short positions (71.2M) exceed total issued shares (69.75M).** + +# The precarious position of the shorter + +Shorts find themselves in a very precarious position. Let’s talk about the float and DTC (days-to-close). **The DTC number you see above is a lie.** There’s an argument to be made that **DTC is infinity.** + +There are a total of 69.75M shares issued by GME. According to [this guy](https://www.reddit.com/r/wallstreetbets/comments/kw0djb/gme_floatshort_data/) who has a CapIQ subscription, insiders hold 22.8M shares. I was able to verify using this [nasdaq source](https://www.nasdaq.com/market-activity/stocks/gme/insider-activity) that the top insiders hold about 20% of shares: + +&#x200B; + +[Top Insider Holdings](https://preview.redd.it/id7ppwjvq1b61.png?width=781&format=png&auto=webp&s=abc9f4103776787f435ebbe719f5420c776d7ad1) + +The thing with insiders is that they can’t easily sell due to lots of restrictions so they’re not considered part of the “actively” traded part of the stock. I.e. They can’t just sell on price action. + +In addition to insiders, [**institutions now own 110% of GME shares**](https://www.nasdaq.com/market-activity/stocks/gme/institutional-holdings)**.** (Thanks shorters!). Some of these institutions may actively trade, but the top holdings (FMR, BlackRock, Vanguard, etc.) *will not trade based on price action* as they are generally holding for their ETFs / index funds that hold GME. + +&#x200B; + +[Institutional Holdings](https://preview.redd.it/de46p98yq1b61.png?width=790&format=png&auto=webp&s=6b3b9332efb259e72eae6209a3ce1743ed0b462f) + +Now, thought experiment. What happens ***if*** shorts decide to cover? They have to buy back 71M shares. Who are they going to buy it back from? + +1. They can’t buy them back from insiders. +2. Let’s be conservative here, and say that Fidelity, BlackRock, Vanguard will hold on to their shares, but all of the other institutions will paper hand when shorts start to cover. This is very conservative because there are other institutions that hold GME for their own ETFs. + +So, 69.75M shares - 22.8M for insiders - 23.43M held by BlackRock/Vanguard/Fidelity = **23.52M shares left.** So fuck all other short-to-float ratios out there, the **short % of tradable float is at least 300%.** + +[Investopedia ](https://www.investopedia.com/terms/d/daystocover.asp#:~:text=Key%20Takeaways-,Days%20to%20cover%2C%20also%20called%20short%20ratio%2C%20measures%20the%20expected,for%20the%20company%20in%20question.)tells us that days to cover is *“calculated by taking the* ***number of currently shorted shares*** *and* ***dividing that amount by the average daily trading volume*** *for the company in question.”* + +GME’s [20-day average daily volume](https://www.barchart.com/stocks/quotes/GME/technical-analysis) is about 10.4M shares, so that’s about 6.83 days to cover. This, however, is **a lie.** *The DTC definition listed by Investopedia stops making sense when short interest exceeds purchasable float.* + +Math whiz’s out there… if you have to buy 71M shares from a pool of 23.5M shares, and GME’s daily volume is 11M shares a day, how many days will it take to cover? + +Answer: **Infinity. You can’t. You can never cover.** There literally are not enough shares to buy to close your shorts. You can only buy-to-close 23.5M shares, and that’s even if you can convince all of them to sell (i.e. $$$$$). **True DTC is Infinity.** This is part of the reason shorts haven’t covered. *There’s no way out of the burning building they’re in.* + +# How it gets worse part 1) Institutional Buying + +Here’s how it gets worse. Besides all the retards like you and me buying GME b/c of Lord Cohen and u/DeepFuckingValue, GME is about to cross some serious thresholds that make it attractive to more institutional buying. + +First, in the recent [Q4 numbers](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-2020-holiday-sales-results) release: + +* “The Company is continuing to suspend guidance, however, unless further unforeseen COVID-19 related impacts occur, it expects to realize positive comparable store sales results and **profitability** in the fiscal fourth quarter. + +So, GME is about to cross into the positive EPS category, which in addition to the debt story below is going to potentially **unlock** **more institutional buying** that is currently blocked by rules like not investing in companies with negative P/E. + +Second, let’s talk about debt. + +## Debt + +Businesses leverage debt to scale; particularly true with retail businesses that have to pay for inventory in advance of selling it. High cost of debt -> lower profits -> lower ability to pay debt -> higher debt costs, and the cycle continues. On the flipside, if GME was able to increase its credit rating, you get lower debt costs, higher profitability, which leads to higher credit rating, etc. + +I believe we’re seeing a campaign from GME to pay down debt to reduce a) restrictive covenants in the 2021 notes (preventing things like more share buybacks) and b) upgrade their bonds to investment grade. + +Not only will a credit upgrade lead to cheaper debt, it will **unlock more institutional investment that are currently restricted against buying equities with below-investment-grade debt ratings.** + +## Debt + +* Debt was $472MM up until July 2020 + +&#x200B; + +https://preview.redd.it/l87lqgtwr1b61.png?width=1069&format=png&auto=webp&s=7c897cd39f4b8874839fcdf602802cf015d78b22 + +* GME announced a voluntary pre-payment of $125MM of debt ([link](https://www.globenewswire.com/news-release/2020/11/10/2124246/0/en/GameStop-Announces-Voluntary-Early-Redemption-of-Senior-Notes.html)) that will happen 3 days after the earnings call (earnings Dec 8, debt repayment Dec 11)... “**using cash generated from operations to reduce our outstanding debt”** + +## Debt rating: + +* First, take a look at GME’s bond pricing. GME’s bonds were significantly impacted by the March crash. However, GME’s bond pricing has recovered and is now **trading at par**, meaning the market believes that GME will pay back its debt (i.e. not a bankruptcy risk). + +&#x200B; + +[GME Bonds trading at par](https://preview.redd.it/cu6rpvpur1b61.png?width=1063&format=png&auto=webp&s=8cd2fd2376d717c198e65aa7d9f22ed4ec77b853) + +* Now, look at its Moody’s rating history. First, for context, anything under a Baa3 rating is considered junk (ratings chart here) and greatly affects who can buy your bonds and what types of rates you get. + +&#x200B; + +[Moody's debt ratings. GME currently sits at B3](https://preview.redd.it/56e3ba82s1b61.png?width=867&format=png&auto=webp&s=c1f56f076c11f01204a1086b43670a5a48ab7f30) + +Here are Moody’s actions on GME ([source](https://www.moodys.com/credit-ratings/GameStop-Corp-credit-rating-808528072)). In particular: + +* Downgrade on 5/2019 to Ba2 +* Downgrade on 1/2020 to B2 +* Downgrade on 4/2020 to Caa1 +* Upgrade on 7/2020 to B3 + +&#x200B; + +[GME upgraded to B3 in Jul 2020](https://preview.redd.it/menraih6s1b61.png?width=786&format=png&auto=webp&s=da868433f2546ffe1c5ce3294e48559d9f03e256) + +## Speculation on debt: + +* GME is working with Moody’s & others to get credit rating back to Investment grade. Showing **positive earnings/profitability** and **paying back debt early** is key to this. I believe we should see an upgrade soon to at least Baa3 (the lowest level of investment-grade debt). +* The market is not generally considering GME’s debt as risky as Moody’s credit rating would suggest. The market can move faster than Moody’s. + +Positive EPS + Debt ratings upgrade = massive institutional buying = shorts further in the hole. + +# How it gets worse part 2) Passive Buying Feedback Loop + +GME is part of [62 ETFs holding about 10.7M shares](https://www.etf.com/stock/GME) in addition to a whole bunch in index funds (not ETFs). I couldn’t get a number for index funds but am going to estimate around 10M for them as well given the Vanguard/Fidelity numbers above. + +More than 50% of these holdings are passive, **market-cap weighted funds**. Now here’s the feedback loop that really fucks the short story up. + +1. Institutions buy GME -> +2. Price goes up -> +3. Market Cap Goes up -> +4. Weight in Funds Goes up -> +5. ETFs buy more GME for every $ of inflow -> +6. Price goes up -> return to step 3 + +At $20, GME is already up >5x from its low of \~$4 in 2020. This means that for every $1 thrown into IWM, for example, Blackrock is putting 5x as much of that $1 into GME as it was back at GME’s lows. As GME’s price goes up, **any market-cap weighted fund puts more money into GME for every $1 of inflow.** + +The passive feedback loop has already started. It will really kick into high gear with institutional buying. + +# Other speculations: + +1. I believe RC is already slated to be CEO, and this will be announced in the June 2021 annual shareholder meeting. + 1. This is why the ICR presentation was pulled. RC didn’t want the content in the ICR presentation to be the market-adopted story on the GME strategy. + 2. 3 board members are retiring. I believe this is part of a pre-negotiated deal where RC is taking over. The 3 that are stepping down didn’t agree with the mgmt change. +2. GME is due for a re-rate of price/sales. GME is currently trading at a P/S of 1 - if you ONLY include the ecommerce revenue. From a total revenue perspective it’s closer to .2. **GME is currently worth less than its quarterly revenue.** From the [Q4 sales pre-release](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-2020-holiday-sales-results): + 1. “Net quarterly sales were $1.770 billion” + 2. “E-Commerce sales, which are included in comparable store sales, rose 309% and represented approximately 34% of total company sales, with total worldwide E-Commerce sales year to date reaching over $1.35 billion, far exceeding the Company’s $1.0 billion growth objective;” + +At this point, it’s really the endgame for shorts. They have to find a way to exit before Cohen is CEO. + +# +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +As per the title , how much do you typically keep in your current account after bills are paid out, assuming any emergency funds are stored somewhere else? + +For example I have a bills pot in my Starling app which takes care of the monthly stuff, investments etc, and I transfer the rest of my salary to my Chase account, which I use for daily spend. Emergency fund is with Chase too. + +I just leave few of hundred quid in my Starling account in case I've forgotten about a random bill increase, or have to purchase something that I don't want to take out of the emergency fund. +I came across these comments: [https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/comment/gjnuayj](https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/comment/gjnuayj) + +[https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/palantir\_demo\_day/gjnytkc/?context=3](https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/palantir_demo_day/gjnytkc/?context=3) + +And am curious if anyone echoes this sentiment, or if they have had a better experience working with the software... + +EDIT: There is an overwhelming amount of "advice" about investing in this company, which is fine, but the point of this thread is to gather user experience to determine what the sentiment is of boots on the ground. Part of my due diligence about this company is finding out how the users like it, not hearing the same regurgitated $1000 in 1 year garbage, or "it's a sure thing". + +I would urge anyone with experience using it to be critical, as I think the comments going against everyones confirmation bias are likely the most important. + +EDIT EDIT: It's really unfortunate that people are downvoting critical comments of the software, as those are exactly the types of comments this thread is meant to be embracing. Before you downvote, try and wrap your head around the context of the thread. I would also say, that downvoting things that oppose your confirmation bias is VERY revealing about the state of this sub and others - anyone should see that as alarming. + +EDIT EDIT EDIT: It's interesting to note that those two comments have a significant number of upvotes since I have referenced them. It's hard to reconcile the overwhelming positivity in this thread with the echoed sentiment on those comments. Something just doesn't add up to me. It tells me that more people entering this thread are of the opinion that the software isn't all it is cracked up to be, but the comments here don't match. + +A user (u/eqpofr) had asked in a comment sure to get buried: + +"Can commenters state in what context they used the software, and what their main tasks were, in addition to whether they liked the software or not? Context matters a lot and it's lacking in the discourse I'm seeing here" + +I agree that that information is important. +I wanted to preface that this research is my own and solely based off my experience. I am not a financial advisor NOR would ever tell you to make trades based on my recommendations. I love talking about trading and the stock market and just wanted to share my input and the reasoning behind it. + +This watchlist also does not include stocks that will be gapping up tomorrow morning due to earnings, news, etc. So I will be watching those as well if the setup presents itself and the stocks I have here may actually end up doing nothing. + +A little bit about how I trade. I draw out validated levels of support and resistance on the daily chart. This stuff becomes second nature to do once you’ve been doing it for a long time. I look for at least 3 good highs/lows from historical daily candlesticks that share the same price point as good levels of support and resistance. I’ll even switch to the weekly chart for extra validation. Once I’m done drawing out the support/resistance on the long-term charts, I switch over to the quick charts. These support/resistance levels are reflected on the quick charts. I use the 3-minute and 1-minute chart to make my entries when a candlestick is approaching a daily support level. **This way my risk is low and my reward is significantly higher.** The closer my stop is to my support, the better. But I don’t just jump in. I wait for validation. How did the current candlestick react to that support level? Did it close above it? Was the last candlestick a dragonfly doji stick which can be a bullish reversal? I usually jump in when the first candlestick from the support level makes a new high. This kind of setup requires a lot of patience and determination in your analysis. I hardly ever chase due to fomo because I know that’s not consistently viable in day trading. But back to the stocks for tomorrow. + +Here are the stocks that I think have potential based on the daily chart. If there’s enough volume and if most of them can break the previous day’s high, I think they all have gap up potential and will give opportunities to make money. Whether it holds up the entire day is a whole other story and they very well could be quick pump and dumps. But again, volume is so key. If the stock doesn’t move, all of this is pointless. + +ACB: The $15.70 area is a validated level of support on the daily chart. If the stock can hold above that during pre-market or approach it during regular market hours, it has potential for a move higher. If it can then break the previous day’s high of $16.89, even better. The next level of daily resistance I see is at $19.68. But there’s a mini-resistance level around $17.25 area as well. + +TTPH: Major support around $2.55. If it can hold, with enough volume, next level of daily resistance is the $3.06 area. Plus this resistance level also correlates with the 200-day simple moving average which is a study indicator I have on my daily chart. + +XTNT: Support around $1.50. If it can stay above it and break the previous day’s high of $1.63, there’s a small window to make some profit. The 200-day sma is nearing above, but if it can break through it, could see it going higher. + +BLIN: Support around $1.75. Below that, $1.60. If it holds above $1.60, can see it go back to $1.75 (because once previous support gets broken, old support becomes new resistance). If it can hold $1.75, can see it going to $1.95. + +APDN: Daily support around $10.80. If it can hold, next level of resistance is $11.40 and then $12.00. + +XELB: Support at $0.80. A hold above that and if it can break previous day’s high of $0.88, can see it going to around $1.00 + +ZYNE: Support at $6.35. Next level of resistance at $7.00 + +SNCA: Simply looking for a relief bounce. Support at $0.88. Next level of resistance then at $0.95. Not much of a play but still thought I should draw it out. + +IBIO: This one’s a bit difficult. There’s like a cup and handle setup forming on the daily chart but not ideally the way I want it. If there is any potential, don’t know if it’ll be tomorrow. Could very well come down but see a scenario for it going higher too. Won’t make a call on this until I see a few more candlesticks. +Way too many times I see a price target of 1k per share, come on guys. We need to get a grip. + +I’m talking 5 figures baby. Potentially 6 if they keep shorting it like retards. + +We are holding the most shorted stock of all time. There will only be one $gme. After this is over and the stock has been squeezeth no hedgefund in their right mind will short a stock anywhere near that even without regulations coming in. The great VK squeeze went from $200 to $1000 on 12% short interest. I understand there cannot be a direct correlation and there’s different variables and players but whenever you look at $gme which is currently $312 per share with 120% reported interest still, the sky is limitless. + + +For the smoothbrains who can’t read: + +💎🖐=$gme🚀➡️🌕 + +For Melvin capital: + +My offer for my 62 shares is 20k per share and some GameStop merch. Every day you delay the price increases by 1k. + + +Edit 1/ Some didn’t grasp the price targets were a joke lol but I do think 1k is too low, just my opinion. + + +Disclaimer: this is not financial advice I wear a helmet and not just on my bike +Gas fees helping to hold ETH under $2K may be the last chance to buy ETH before the opportunity for big ROI disappears + +I feel there are a lot of younger investors here who are looking to get rick quick on crypto. Let's face it, if you didn't do it by now and you don't have tens of thousands of dollars to buy whole tokens you're better off with the traditional method of investing: get rich slow. + +The best thing that ever happened to me financially was the 2008 stock market crash. Why? Prices dropped and I was able to pick up stocks at a considerable discount and now look at valuations... + +The second best thing that happened was the 2018 crypto crash. I had gotten into ETH in May of 17 at around $150. I cashed out when the bubble popped but let my automatic buys continue for about 6 months--yep wish I had kept it going longer than that but there's no 'get rich wishing'--and subsequently picked up a good qty of ETH for less than $500, and some for even less than $200. You can guess what my ROI is right now. + +Bottom line is yeah I wish I bought a ton at the 3/13/20 low but again -- wishing is pointless. + +Now we're nearing the cusp of $2K/ETH I'm seeing posts and tweets praying for it to hit $2500/$5000/$10000 by the end of the month/quarter/year. Why? You like a lower ROI? + +If you truly believe in crypto as an investment in your financial future, you're like me and keeping fingers crossed for a massive price correction. + +It doesn't matter what the price is today it matters the day you're ready to cash out. + +Now I prepare for all the downvotes. Have a great day and good luck to all. +Nikola took another beating today, dropping by 14.48%, which is probably still rooted in the report by Hindenburg Research making the rounds. Just in case you haven't heard of the report yet, it goes as far as calling the company "an intricate fraud built on dozens of lies" and presents lots of condemning evidence. + +Nikola founder Trevor Miilton is understandably agitated over the incident and is currently working on a rebuttal of the report. He actually posted multiple photos of the inside of the hydrogen vehicle they are working on, taunting Hindenburg: "Do these look fake?" + +How do you think this is going to play out? Will Nikola survive as a company? Will the bad press scare away any of the big partners such as GM and Bosch? NKLA is down 40% since the GM announcement on September 8. + +Sources: + +[https://www.marketwatch.com/articles/nikola-fires-back-at-short-sellers-salacious-claims-51599833858](https://www.marketwatch.com/articles/nikola-fires-back-at-short-sellers-salacious-claims-51599833858) + +[https://finance.yahoo.com/quote/NKLA](https://finance.yahoo.com/quote/NKLA) + +[https://twitter.com/nikolatrevor/status/1304291381637124096](https://twitter.com/nikolatrevor/status/1304291381637124096) + +[https://twitter.com/nikolatrevor/status/1304424797368061953](https://twitter.com/nikolatrevor/status/1304424797368061953) + +[https://twitter.com/nikolatrevor/status/1304432858937741313](https://twitter.com/nikolatrevor/status/1304432858937741313) + +[https://hindenburgresearch.com/nikola/](https://hindenburgresearch.com/nikola/) +# [JPMorgan Chase’s Derivatives Spike by $14 Trillion in First Quarter to Six-Year High of $60 Trillion](https://archive.ph/Lc9vT) + +Add JPMorgan Chase, the biggest bank in the United States with an unprecedented [five criminal felony counts](https://archive.ph/LkgMc) since 2014, to the growing list of debacles of which the Fed has lost control. + +The Fed has its bank examiners pouring over the books of JPMorgan Chase on an ongoing basis, but somehow the bank’s dangerous book of derivatives has been allowed to spike by $14.42 trillion in the first quarter of this year, soaring from $45.84 trillion on December 31, 2021 to $60.26 trillion on March 31, 2022. That’s an increase of 24 percent in a three-month span. That information comes from page 18 of the [newly-released report](https://archive.ph/o/Lc9vT/https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2022.pdf) on derivatives in the banking system from the Office of the Comptroller of the Currency (OCC). + +The Dodd-Frank Act of 2010 was supposed to stop the insanity of unfathomable amounts of risky derivatives being held at federally-insured banks. Under the so-called “push-out” rule in Dodd-Frank, derivatives were supposed to be moved out of the federally-insured bank to other parts of the bank holding company so that they could be wound down in a bankruptcy proceeding without endangering the federally-insured bank. Citigroup and its lobbyists succeeded in getting that provision [repealed in a sneak maneuver in December 2014](https://archive.ph/8x4f9). + +Then there was Dodd-Frank’s promise that all of these dangerous derivatives would become centrally-cleared in short order instead of being opaque over-the-counter contracts with bespoke (custom) terms that regulators and the public could not make heads or tails of. Well, that didn’t happen either. The current OCC report tells us that 71 percent of JPMorgan Chase’s equity derivatives are *not* centrally cleared; 100 percent of its precious metals contracts are *not* centrally cleared; and 96 percent of its foreign exchange derivative contracts are *not* centrally cleared. + +The Fed and its fellow regulators deserve a grade of F for brazenly ignoring the intent of Congress when it passed the Dodd-Frank Act in 2010. Twelve years after its passage, dangerous derivatives are still not centrally cleared and instead of shrinking, their quantities and threat to financial stability are growing. + +According to the [official report from the Financial Crisis Inquiry Commission](https://archive.ph/o/Lc9vT/https://www.govinfo.gov/content/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf), which was statutorily mandated to investigate and report on the Wall Street financial collapse of 2008, derivatives played a central role in the crash. The report summarized its findings as follows: + +>“We conclude over-the-counter derivatives contributed significantly to this crisis. The enactment of legislation in 2000 to ban the regulation by both the federal and state governments of over-the-counter (OTC) derivatives was a key turning point in the march toward the financial crisis…without any oversight, OTC derivatives rapidly spiraled out of control and out of sight, growing to $673 trillion \[globally\] in notional amount. This report explains the uncontrolled leverage; lack of transparency, capital, and collateral requirements; speculation; interconnections among firms; and concentrations of risk in this market. OTC derivatives contributed to the crisis in three significant ways. +> +>“First, one type of derivative—credit default swaps (CDS)—fueled the mortgage securitization pipeline. CDS were sold to investors to protect against the default or decline in value of mortgage-related securities backed by risky loans. Companies sold protection—to the tune of $79 billion, in AIG’s case—to investors in these newfangled mortgage securities, helping to launch and expand the market and, in turn, to further fuel the housing bubble. +> +>“Second, CDS were essential to the creation of synthetic CDOs. These synthetic CDOs were merely bets on the performance of real mortgage-related securities. They amplified the losses from the collapse of the housing bubble by allowing multiple bets on the same securities and helped spread them throughout the financial system. Goldman Sachs alone packaged and sold $73 billion in synthetic CDOs from July 1, 2004, to May 31, 2007… +> +>“Finally, when the housing bubble popped and crisis followed, derivatives were in the center of the storm. AIG, which had not been required to put aside capital reserves as a cushion for the protection it was selling, was bailed out when it could not meet its obligations. The government ultimately committed more than $180 billion because of concerns that AIG’s collapse would trigger cascading losses throughout the global financial system. In addition, the existence of millions of derivatives contracts of all types between systemically important financial institutions—unseen and unknown in this unregulated market—added to uncertainty and escalated panic, helping to precipitate government assistance to those institutions.” + +As an example of just how lax regulators have been when it comes to reining in the threat of derivatives at the megabanks on Wall Street which, like JPMorgan Chase, own the largest federally-insured banks in the country, consider the research report that was released by the Office of Financial Research (OFR) on July 12, 2021. (OFR was also created under the Dodd-Frank Act to keep U.S. regulators informed about threats to financial stability.) + +The OFR report is titled: “[Counterparty Choice, Bank Interconnectedness, and Systemic Risk](https://archive.ph/o/Lc9vT/https://www.financialresearch.gov/working-papers/files/OFRwp-21-03_counterparty-choice-bank-interconnectedness-and-systemic-risk.pdf).” The researchers, Andrew Ellul and Dasol Kim, examined 18 different over-the-counter (OTC) derivative markets and concluded the following: + +>“Bank interconnectedness through the OTC derivative markets was identified as an important factor that contributed to the severity of the Great Financial Crisis…and remains an area of fragility of systemically important banks on which we have very limited understanding. The trading of OTC derivatives is notoriously concentrated in the largest banks, which are also the ones for which we have data. One important feature is the substantial counterparty risk that banks face, in our context the most important counterparty risk is that faced by banks trading with non-bank entities.” + +Just how concentrated are these risky derivatives at the megabanks? The current report from the OCC tells us this: + +>“A total of 1,291 insured U.S. national and state commercial banks and savings associations reported trading and derivatives activities at the end of the first quarter of 2022. A small group of large financial institutions continues to dominate trading and derivatives activity in the U.S. commercial banking system. During the first quarter of 2022, four large commercial banks represented 89.0 percent of the total banking industry notional amounts \[of derivatives\] and 68.8 percent of industry net current credit exposure (NCCE).” + +Notional means face amount of derivatives. As of March 31, 2022, the four federally-insured commercial banks that held 89 percent of all derivatives in the banking system were as follows: JPMorgan Chase with $60.26 trillion; Goldman Sachs Bank USA with $49.75 trillion; Citibank (part of Citigroup) with $45.74 trillion; and Bank of America NA with $22.48 trillion. + +Yesterday, Fed Chairman Powell [appeared before the House Financial Services Committee](https://archive.ph/o/Lc9vT/https://financialservices.house.gov/events/eventsingle.aspx?EventID=409519) to deliver his monetary policy report. During the hearing, Powell was asked a question about systemic risks in the financial system by Congressman Jim Himes, a Democrat from Connecticut. The exchange went as follows: + +>**Himes**: “In my remaining minute I’m going to ask you a question I ask you a lot, Mr. Chairman. We’re obviously seeing pretty dramatic swings in the financial markets. Money is no longer free. We’re seeing that in the SPAC market, in the high yield market, the equities market, cryptocurrency. In my very short remaining time Mr. Chairman, what should we be focused on? What is concerning you with respect to systemic risk that may develop in the face of rising rates and rising inflation?” +> +>**Powell**: “Basically, the financial markets have been functioning well and the banking system in particular is very strong, well-capitalized, has lots of liquidity, better understanding and management of its risks….” + +Consider that statement from Powell against [this headline from May 27](https://archive.ph/QYnLS): “Dow Ends Biggest Losing Streak Since 1932 as Tech Prevails.” Not to put too fine a point on it, but 1932 was the early days of the Great Depression – the worst economic collapse in U.S. history. + +Under Powell’s tenure at the helm of the Fed, the Fed has lost control of inflation, which is now hovering at a 40-year high. The Fed lost control of policing its own officials, triggering [the biggest trading scandal](https://archive.ph/N4bO6) in the Fed’s 109-year history. (Investigative findings regarding that scandal, by the way, have yet to be released by any federal body after nine months.) Instead of reining in the trading abuses on Wall Street, the Fed has encroached further into markets with its own trading activities. See our report: [The New York Fed Has Quietly Staffed Up a Second Trading Floor Near the S&P 500 Futures Market in Chicago](https://archive.ph/0OmIl). + +Powell also permitted the biggest, secret, bailout of the megabanks and their derivative counterparties beginning in September 2019 – months before there was any reported case of COVID-19 anywhere in the world. And, somehow, when the names of the banks that received these windfall repo loans from the Fed were finally released two years later, there was a blanket news blackout by mainstream media. Only *Wall Street On Parade*, a two-person investigative team, has documented this bailout, graphed the data, and named names. (See [our archive of more than 100 articles on these Fed bailouts](https://archive.ph/kWBuJ).) + +Senator Elizabeth Warren is the only member of Congress with the courage to tell the simple truth to the American people about Fed Chairman Powell: He’s a “[dangerous man](https://archive.ph/hjybo).” +Hi, I am new to this field, although I am of a programing and ML background. + +My data source is currently MetaTrader 5 (it has a ready to use libraries for Python) ... + +I was about to start building my own framework for backtesting and live trading etc.. But then discovered that there are lots of such frameworks on python, so I got lost very fast what to use... For example, this list contains too many of them.. [https://github.com/wilsonfreitas/awesome-quant](https://github.com/wilsonfreitas/awesome-quant) + +My aim is to use MT5, and build first some simple trading strategies, and gradually move to use ML via Pytorch, on charts of 1M and higher, mostly locally, no plans to do it on cloud or so. + +So, are there a standard libraries in this field that may suit my plan, or it is better to go ahead with my own framework? Thx. +https://www.cnbc.com/2020/06/10/fed-meeting-decision-interest-rates.html + +The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic. + +Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, a year that saw an unprecedented halting of business activity in an effort to combat the coronavirus pandemic. However, 2021 is expected to show a 5% gain followed by 3.5% in 2022. + +The central bank repeated its commitment from the April meeting that it “expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.” + +The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month and mortgage-backed securities at $40 billion. + +The Federal Open Market Committee met this week as states begin to reopen and after unemployment saw its worst monthly drop in history followed by its biggest gain. In addition, the meeting comes the same week the National Bureau of Economic Research declared that a recession started in February, ending the longest expansion in U.S. history. + +Fed officials skipped releasing their quarterly economic projections at March meetings as uncertainty permeated over how long the U.S. would remain in stay-at-home mode and how deep the damage would be. + +They did release their forecasts this week. Here are the key numbers for 2020, followed by the next two years and the long-run projection: + +Fed funds rate: 0%-0.25% through 2022, with the long-run rate at 2.5% + +GDP: -6.5% in 2020, 5%, 3.5%, 1.8% + +Unemployment: 9.3%, 6.5%, 5.5%, 4.1%. + +Headline inflation: 0.8%, 1.6%, 1.7%, 2%. + +Core inflation: 1%, 1.5%, 1.7%. + +Markets reacted positively to the news, with stocks coming well off their lows of the day and edging toward positive territory. +Decent premiums for only having to fade one day. + +https://preview.redd.it/gcc7c7r5iq4a1.png?width=1091&format=png&auto=webp&s=91dc2a1f4e863393a9f8858906f09ab94a5d14c0 + +As they say, $BECKY stocks are recession proof. +There is always money for Starbucks and Lululemon yoga pants. + +This will be a quick and easy 12K gain. +Are there anyone doing this strategy selling 1 month out 1 standard deviation strangle on SPY? The margin requirement for this strategy is somewhere between 4k to 6k. And the credit received is around $400-$500. The probability of success is pretty high given that SPY is relatively stable. + +My question is, What are the realistic performance results you are able to achieve with this strategy? I’m thinking about purely trading the strangle on SPY with active management, closing at 50% profit and 200% stop loss. Rolling the untested side. + +An extra question is how do you scale up with this strategy? Do you increase the delta of the legs closer to ATM? +In a few months I'm looking to make a career switch from software development to a finance-oriented career, but I have no formal education in finance. I'm looking for a textbook (or more than one) that'll give me everything from the basics to a basic overview of higher level financial topics. To give you an idea, if you asked me for the 1 textbook that if you read would help you pass any entry-level software dev interview I'd say read Intro to Algorithms by CLRS. I'm looking for the finance equivalent. + +Thank you :) + +Edit: I shouldn't have been so vague in my description. I'm looking at jobs in quantitative software engineering roles, like Jane Street, DE Shaw and Two Sigma. +Just curious as to whether anyone is winning with sky rocketing inflation? Some random thoughts : + + +Companies (certainly oil companies) are making more money, so in theory - govt should be getting more in tax (if only they paid their fair share!) -- but also, pensions should receive increased dividends from any investments in those companies? + + +Govt should (in theory) receive more taxes from Companies and especially from VAT on fuel duties? + + +Seems that inflation is a way of taking money from folk and putting it into business/government ... ?? When folk run out of spending (or are more careful with it), demand for goods will reduce and inflation will slow? + + +Or .... am i completely wrong? It's been on my mind for a while, so figured someone on here would probably have some answers/thoughts. Thanks!! +https://www.businesswire.com/news/home/20191007005406/en/GE-Announces-U.S.-Pension-Plan-Actions + +BOSTON--(BUSINESS WIRE)--GE (NYSE:GE) announced today that it is taking three actions related to its U.S. retirement benefits as part of its strategic priority to improve its financial position: + +Freezing the U.S. GE Pension Plan for approximately 20,000 employees with salaried benefits, and U.S. Supplementary Pension benefits for approximately 700 employees. + +Pre-funding approximately $4-5 billion of estimated minimum ERISA funding requirements for 2021 and 2022. + +Offering a limited time lump-sum payment option to ~100,000 eligible former employees who have not started their monthly U.S. GE Pension Plan payments. +Cnn, bbc, the guardian, Ap, nbc all called it in. Biden is the 46th president! Trump will protest for sure and this may drag on until December, but I don't think things will change. + +What do you think will happen on Monday? I think more green!! +Hello! + +I've some stocks that I bought based on what I read in several news papers. No deep analysis, I simply bought when I was convinced that the company will have success in the future. + +In addition I started day/swing trading and **I'm wondering if there are sources (free/paid) that forecast the next hours/days, not months**. + +Ideally I'd like a **list of recommended trades with an explanation**. I'd then check if I agree with the explanation and buy or don't buy. + +Don't get me wrong, **I know that it requires my own effort**, but I'm a bit lost with the huge amount of possibilities and don't want to waste time if I can avoid it. + +Where do you get your trade ideas? +they say to wait for trend confirmation. So I wait, and by the time I enter, it often seems like the trend is already over. + +feels like i'm waiting too long. And yet, jumping in earlier feels risky. + +catching a trend feels like a gamble. "oh a few green candles, let's jump in" + +except for those few days where the market just goes straight up, other days just don't seem to have trends that last long enough. + +&#x200B; + +how much data do you wait for before jumping in and riding a trend? + +Did you used to suck at catching trends, and how did you get better at it? +As the title says, I went on my mortgage provider's website (Post Office Money/BoI) to make an overpayment of several thousand pounds, expecting to have to pay by bank transfer or maybe debit card. But it's just a standard outsourced credit card payment facility, think it was Worldpay. So I put my John Lewis Partnership Card details in, which gets you vouchers to spend in store. + +The overpayment has been applied and is the full amount. I thought maybe the transaction might show as a cash withdrawal on the John Lewis site and thus be subject to interest/fees, but that doesn't appear to have happened. Who is paying the credit card processing fee here and why?! I could borrow and repay tens of thousands, and in fact will be doing exactly that, getting a percentage in vouchers or cashback for nothing. +Bunch of Credit Suisse posts around and wanted to find the sauce behind it all without the speculation. Got asked to make this its own post, so here it is. + +Found that all of the points are reported by MSM, which almost never happens to big banks. MSM will try to retain a good relationship with banks, so that they can have a source. This is a sign that the kill is about to happen, and the vultures are starting to circle. + +Note that the following articles are mostly from the last week and from well-established financial news organizations, i.e. Reuters, Bloomberg, The Financial Times, Wall Street Journal. + +Credit Suisse is about to collapse. \[edit: not related\] ~~Possibly the reason for the emergency Fed meeting on Monday?~~ Use something like archive.is to circumvent paywalls (or if using DuckDuckGo, use the [DuckDuckGo !Bang](https://duckduckgo.com/bang) , *!ais <url>*): + +1. ⁠Their CEO sent out a memo about having a strong capital base and liquidity, which means they don’t. “Appear strong when you are weak” (Sun Tzu), and, "All rumors are false until officially denied" ([Nassim Nicholas Taleb](https://twitter.com/nntaleb/status/1576208659486412802?s=46&t=Ki0TW7YlGb5y6pfbvON7gQ), also a former Credit Suisse trader), both apply here. [https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/](https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/) +2. Continuing the above, the statement was issued because they may not be able to meet their Credit Default Swap obligations, as it has reached 2009 levels and shares of Credit Suisse touched a new low. [https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level](https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level) +3. ⁠Jens Welter is leaving to go to Citi. You don’t abandon 27 years at a bank after getting promoted to the top investment banker nine months ago, unless you realize that the Sword of Damocles is hanging over your head. [https://www.ft.com/content/7f67de02-407c-41bf-aeb5-aa823c8d02c2](https://www.ft.com/content/7f67de02-407c-41bf-aeb5-aa823c8d02c2) +4. ⁠Credit Suisse keeps being on the losing end of a series of very large deals going bad after holding the bag for Archegos, and with the latest Citrix debt fallout, they were the most vulnerable and have to realize the losses now. [https://www.bloomberg.com/news/articles/2022-09-22/citrix-debt-debacle-heralds-a-day-of-reckoning-on-wall-street](https://www.bloomberg.com/news/articles/2022-09-22/citrix-debt-debacle-heralds-a-day-of-reckoning-on-wall-street) +5. \[edit: redundant to next article\] ~~⁠Credit Suisse either lost a ton of money in swaps and/or all of their clients left, as their required client margin went from $8.9B to $25.5M in one year. That’s -99.71%.~~ [~~https://www.risk.net/risk-quantum/7954613/client-margin-at-credit-suisse-shrinks-to-just-25m~~](https://www.risk.net/risk-quantum/7954613/client-margin-at-credit-suisse-shrinks-to-just-25m) +6. Due to Archegos and trying to reduce risk, Credit Suisse exited the very profitable Prime Broker business, meaning it's not going to make money back there. [https://www.reuters.com/business/finance/prime-brokers-fight-clients-after-credit-suisses-exit-2022-09-16/](https://www.reuters.com/business/finance/prime-brokers-fight-clients-after-credit-suisses-exit-2022-09-16/) +7. ⁠Credit Suisse is broken now, and no one has the money or risk appetite to try to fix this very expensive problem to buy their debt or diluted equities. This WSJ article actually covered almost all of my points above. [https://www.wsj.com/articles/investors-put-a-price-on-credit-suisses-salvation-11664440211](https://www.wsj.com/articles/investors-put-a-price-on-credit-suisses-salvation-11664440211) + +TL;DR They’re fucked. + +&#x200B; + +So how do you make money? + +What would you have done with Lehman? What if they were bailed out by ~~Obama~~ Bush? You can guess the direction right, but time it wrong, and you, too, will be fucked. And lose your entire $100k inheritance from your Dad. + +If you are regarded, you know your own path to Valhalla. +When planning out long term what inflation assumptions do you use? + +I've had this feeling that inflation on high end things is greater than the headline CPI. Anecdotally, the place I lived in 5 years ago is about 30% more expensive today (rented condo), so ~5% YoY. Checked a couple of indicative purchases on my mint and seeing similar numbers. + +I think I remember reading Nassim Taleb talk about how he didn't buy TIPS because his personal inflation was far higher than CPI, but can't find the reference now. + +Or do you just plan to get to a 3% WR and retire then? +I'm in my early 20s, just under $1m NW. Live in LA but moving to NYC. + +What do you guys do to obtain/maintain optimal health? Is there any treatments you swear by? Yearly tests? Supplements like NAD/NMN? + +I ask because I've met tons of people in their 30s and 40s, $100m+ net worth, and most are obese and have health problems. +Hi guys, there has been a lot of hype about blockchain changing the world but no one has really talked about the future of betting using blockchain so I decided to write about it, going over betting in history, social betting, betting during the age of the internet, and blockchain social betting like Bethereum. + + + +Starting with rolling animal bones in the prehistory, gambling has always been a part of human culture. After that, the first six-sided dice was found in Mesopotamia, gambling houses in China were around since atleast the first millenium BC and playing cards appeared in the 9th century. + +Before that the Romans and Greeks gambled on sports, gladiators and more. +Most historic betting and gambling was ‘social’ with other players, usually friends, for entertainment and a shot at making money. Today friendly bets between friends somewhat exist although low attention span and entertainment at everyones fingertips has made it almost non existant. + +The internet changed the betting and gambling scene rapidly, everyone with an internet connection and computer could now gamble internationally with relatively low set up costs. Although the internet definitely gave a boom to betting and gambling, it wasn’t all positive. Not only did the ‘social’ element make place for individualism, broker websites had and have lots of problems. Ranging from hidden fees to skewed odds to withdrawal delays, or simply no withdrawal whatsoever. This is mostly because the websites are based on small offshore countries with low regulation and no transparency. + + +With blockchain and smart contracts, people will be able to bet and gamble with no trust involved in any party, provably fair odds, instant payouts and transparency. No more sketchy websites that may or may not pay out the earned amount or have hidden fees, say hello to blockchain based betting. +So what is going to be the next blockchain betting platform? Realistically there are going to be multiple like any other industry, I haven’t checked out all projects but so far I liked Bethereum most, after that MeVU but BetterBetting looked quite sketchy tbh. If you have any questions or want to discuss, or feel like I missed something, feel free to comment below and ill be sure to look at it. + +We hit 40 on coinbase baby! I love you all! Every single person on here has been so supportive and I've generally had a great time doing everything from learning about ethereum, to chatting it up in the daily thread about TA. I'm glad this group is moving into the future together. Onwards and upwards! +Market cap: 5M + +Curious to hear the community's thoughts on OPT. Solid team and huge market to dive into. +https://opus-foundation.org/ + +Edit; MC 6M https://etherscan.io/address/0x1426c1f91b923043f7c5fbabc6e369e7cbaef3f0 + +The Federal Reserve may have to raise interest rates above 5 per cent to get a grip on surging inflation which is showing signs of becoming entrenched in the world’s largest economy, according to UBS Asset Management’s Barry Gill. + +Mr Gill, who is head of investments at the $US1 trillion ($1.48 trillion) asset manager, said he was not surprised by Wednesday’s hotter-than-expected consumer price index which showed annual headline inflation climbed 8.3 per cent in August. + +Core CPI, which strips out volatile food and energy components, advanced 6.3 per cent. All measures came in above forecasts. + +The data validated Mr Gill’s long-held view that inflation is proving stickier than markets and central banks had anticipated, a scenario which increases the likelihood that policymakers will be forced to tighten the economy into a recession. + +“We have had a persistent dynamic this year whereby people have consistently anticipated a topping out of the inflation rate, and it just hasn’t been materialising,” he told The Australian Financial Review. + +“I think it matters that it’s surprising so many people because it is likely to prompt a much more severe reaction from central bankers as they try to get their heads and hands around inflation. + +“That creates a more significant risk that they really try to put a brake on inflation, and as a result, put a significant brake on the economy and tip us into recession. So when you see an inflation print like the other day, it increases the probability of an accident.” + +While traders have increased their bets on a full percentage point rate rise by the Federal Reserve next week, which would mark its largest since 1981, Mr Gill believes the central bank will opt for another two 0.75 percentage point increases. + +Traders have priced in 80 basis points of tightening at next week’s Federal Open Market Committee meeting, suggesting a minority backing a 1 percentage point increase, according to Bloomberg. + +Markets imply a peak rate of 4.4 per cent reached in March. The current range set by the Fed is 2.25 per cent to 2.5 per cent. + +But Mr Gill believes rates may need to go higher than that, despite the economic toll. + +“It does feel like in a lot of areas, inflation expectations are becoming a little more entrenched, and once they become entrenched, it’s very, very difficult to unwind that,” he said. “So could rates go to 5 per cent? Sure they could. + +“And if rates go into the fours and fives, is that going to create a problem for equity markets? Unequivocally.” + +Period of uncertainty +Mr Gill thinks the market’s short-term performance will depend on whether people believe central banks have been effective in snuffing out the more persistent inflationary pressures in the economy. + +“If people start to believe the Fed and the ECB are successful in that regard, markets will start doing very well – the volatility will go down a lot,” he said. + +“But I think it’s going to take many months before we get that visibility, and so we are unequivocally in a period of uncertainty.” + +As for what would happen if the Fed does deliver a jumbo sized rate rise next week, Mr Gill admits he does not know. + +“On the one hand, people might argue it’s evident that they’re behind the eight-ball on [inflation] and are panicking. You don’t want your central bankers panicking,” he said. + +“On the other hand, markets might conclude that they’re finally reconciling themselves with the problem and trying to get ahead of it.” + +https://www.afr.com/markets/equity-markets/sticky-inflation-may-force-fed-to-lift-rates-above-5pc-20220915-p5bi94 +It's just an opinion piece, but I'm curious to get other people's thoughts on this article or your personal experiences with some of the policies it mentions. + +[https://www.forbes.com/sites/rogervaldez/2020/01/07/prediction-for-2030-a-government-take-over-of-rental-housing/#1a3461841f95](https://www.forbes.com/sites/rogervaldez/2020/01/07/prediction-for-2030-a-government-take-over-of-rental-housing/#1a3461841f95) +I’m requesting quotes for a number of services and getting what seems like crazy quotes to me. It’s been a while since I’ve gotten some of this work done or even haven’t yet but I’m shocked by some of these. + +I have a 2200 sqft house split into a duplex in an average neighborhood in a midsize Midwest city. + +Window cleaning - $975 +Pest control to treat carpenter ants - $300-350 +New gutters - $6,200 +New roof - $19k. Quote 14 months ago from same company was $9k + +I get there is a labor shortage and some materials challenges but these are all 2-3x what I was expecting. + +Do I have unrealistic expectations? Anyone else seeing this too? +I received an envelope from my lender titled "mortgage documents enclosed". I thought maybe it was the mortgage interest form they have to send each year. +No..it was a letter detailing I can "pay my mortgage off at any time without penalty" (duh) and the chefs kiss "many people are taking advantage of this and paying their mortgage off in full".. + +What?!? How many people do you have to define as "many" that just have hundreds of thousands in loose change sitting in their couch? Unless someone wins the lottery or some kind of life insurance payout **many people** do not pay their mortgage in full. Especially 6 months after getting a mortgage. +I don’t invest, but obviously, bitcoin is just continuing to grow. + +What’s the move? + +Edit: alright alright youve convinced me. What should I use, robinhood or cashapp? + +Edit 2: okay i’m invested in bitcoin. I fully expect this 100 dollar invest to make me a millionaire. If i’m not a millionaire by 2030 then i’m going to literally have a panic attack (!remindme 9 years) +#[Welcome back to the fucking casino!](https://preview.redd.it/lsp714e263i91.png?width=489&format=png&auto=webp&s=c4aabe4d06e3e0755cf5fa1a9bbff5a6d781c2f6) + +Congratulations to all the traders who were short. + +The form 144 should have been a clear indication of what was coming next. + +You saw the situation change and you changed accordingly in order to make money. Well done. + +--- + +Apologies to the apes who got slaughtered by Cohen selling. + +That fucking sucks. + +You'll be okay though, you were able to get yourself to this point before, you'll be able to rebuild and come back stronger. + +--- + +WSB is a subreddit for traders, if you want to win, be smarter, be first, or cheat. + +[SEC note: Don't cheat] + + Being able to change your opinion and position when new facts come to light is key for long term profitability. + +Good luck today and godspeed. +I’ve recently received a job offer in Germany. Given the complexity of tax differences and exchange rate differences I’m hoping someone who’s been through the same can provide some insight. + +Current US - PA based job: +$87,000 + 10% annual bonus potential +27 PTO days, 3% 401k match, benefits. +In addition to PA state income tax, where I live I’m subject to a 2.1% local income tax. + +We own our home - Owe $214K, it’s valued at $250. Property taxes are around $7k per year. + +We have 2 cars, 1 paid off, other with a $440 monthly payment (owe $22k, valued at $25k) + +Kids are in school - grades 11, 2, and pre school. They currently do no speak German. Wife does not either. + +The job offer is in the Frankfurt, Germany area, though my actual sphere of responsibility would cover from Köln down to include all of Switzerland. I speak the language relatively fluently. + +Job offer is at €92,000 + 48% annual bonus potential. Company car is provided with an unlimited use gas card (can be used for personal use). Car is taxed to personal income at 1%. + +35 PTO days per year. Relocation Package, Housing assistance until we sell our home, 6 severance package + return package if I loose the job without cause (bankruptcy, downsizing, etc). + +I don’t have a full grasp on how medical works in Germany or the tax system. I’ve done some research and it appears that the first $100k made as an expat is not taxed in the US. I know the tax rate in Germany is significantly higher. + +A few things I’m looking to figure out - what are the real Net #s likely to be in Germany? Is moving a family that doesn’t speak a language (but are all willing to learn) a bad move? I know grocery and rental costs tend to be lower in Germany. The biggest COL difference is gas and that’s covered via the unlimited use car/gas allowance. + +Any insights would be very helpful. + + +EDIT: Thank to everyone who responded! A lot to digest here. We’ve already sat as a family and had initial discussions - there’s excitement and apprehension all around. + +Will probably take a trip there with the family to expose them firsthand (wife and middle child have been, oldest has never been) and see how they feel afterwards. + +Thanks again everyone! +We're seeing a lot of growth stocks taking a heavy beating in recent weeks after having a nice run-up these past few years. Shares in companies such as Zoom, Peloton, and Teladoc are down massively YTD. + +Meanwhile, Berkshire Hathaway is up almost 30% YTD, beating the S&P500 within that timeframe for the first time in years. There has been talk of value investing potentially coming back with a vengeance as markets look ahead to future rate hikes going into next year. + +Was hoping to get your guys' thoughts on this dynamic that is taking place. +He said ETH is the one that going to break out, and estimated it to go to $15,000 by 2020 barring any regulatory interference. Anyway, he lives at home with his parents, never eats out, and drives a junk car. He says he averaged under $20/ETH overall. He works at a pizza shop and buys clothes used so he can sink more and more into the ETH. Devoted HODLer. +If TSLA became S&P500 eligible, the only barrier between it and entering the index would be getting rejected by the committee. What reasons are there that they could reject for? + +I’ve seen places like r/realtesla saying their fraudulent accounting will be found out and be the ultimate cause of rejection but I’m not sure if that’s the case or if there’s other factors not considered. Has there been any historical rejections of a company the size of Tesla? +EIP 1559 has now been officially confirmed for Eth's July London update. + +That means more predictable and lower fees for users, and it will introduce a BURNING mechanism that will burn part of the transaction fees on the network in ETH. + +That could very well mean ETH could see serious deflationary pressure (comparable to bitcoin's if not moreso) as early as July. + +The increasing growth of DEFI, DAPPS, and transactions on the network coupled with the scarcity introduced through burning could make ETH a comparable or better store of value than Bitcoin. + +**To put it in perspective, if EIP-1559 was live yesterday, it would have burned approximately $26M worth of ETH or roughly 17,000 ETH. Annually that equates to over 6.2 million ETH burned a year at the current rate. That is significantly more than the new ETH being created and would therefore make ETH deflationary** + +Essentially, this could mean new ETH created could become more valuable than new Bitcoin created. + +Stock up while you can. +I'm (29M) currently saving for a mortgage deposit with my partner (25F) and have just short of £20k in a regular savings account doing very little whilst we both work our nuts off to escape the renting trap. + +Chatting with a friend yesterday, he mentioned that he has moved his savings into premium bonds and said that they are government affiliated and therefore pretty much just as safe as mainstream banking. + +Is this true? Until now I was under the impression (complete uneducated assumption) that they were private and that if they went down the shitter my savings would go with it. + +I was put off by a help to buy ISA because I wanted to have easy access to the money if I needed/wanted (turned out to be a good decision as I dipped into it last year to get my dad some private healthcare). + +I guess my question is, is it "safe" to move my savings to premium bonds and can I still have reasonably quick access to it if I need to? Seems like a no-brainer if it is? +What does it do? +Many investors in PLTR have no idea what the company actually does to make money. Putting it as simply as I can the company creates software for companies to analyse data and create simulations which help companies or governments make decisions which will help them strategies. For example they take all the data regarding COVID infections and help governments predict how it might spread which will allow them to distribute vaccines to the areas that will reduce the spread of the virus the most. + +Financials +The company should be profitable either in 2021 or 2022. In 2020 the company had a one off cost of about $1 billion for stock based compensation for its employees. The companies revenues are increasing 30% year over year and the losses are decreasing every year. When it does become profitable the profits will increase rapidly. As CEO Alex Karp has explained their has been a wide divergence between the Revenues and costs which is typical with tech companies that need to spend a large amount of money in the beginning for product development and make large profit margins once they have a working product. The revenues are currently at just over a $1 billion dollars with a loss of $1.17 billion in 2020 however when you look at the reason for this it’s mainly because selling and admin costs aswell as research and development. Now what needs to be understood about the financials of Palantir is that although there is a divergence in revenues and costs there is not and with the product and systems they currently have there will not be a future a scenario where there cost of revenues are flat and the revenues increase. This is because the software has to be adapted to each of its customers which requires time and money. That being said the company currently has a gross profit margin of 75% and considering the average customer pays $7 million this is not concerning at all. + +Technology or Consulting Firm +As explained above the company does need to personalise its software based on the customers needs and the cost of revenues are not flat however I don’t think you can reasonably argue this is a consulting firm. The company may need to personalise its software for each customer for its commercial clients but this is just an set up fee and from then on the company is making large profit margins. With its government clients I’m assuming their is very little personalisation to the software that is needed and they can simply input the same variable data that previous government agencies have inputted and run there simulations if they are looking for the answer to the same question for example what areas should we distribute the COVID vaccine to first? + +The End Game! +Palantir is a long play for me. In the short term this company could go up to 40 or back down to 15. Any lower and I’m selling my house to buy as much as I can. But as Alex Karp said over the long term he thinks Palantir will be one of the most important technology companies in the world and its long term share holders will benefit greatly. This reminded so much of Jeff Bezos back in 1999 talking about Amazon’s long term view. I think Palantir is a great company over the long term and in 10 years time I think the share price will be at least $250 based on its growth rate. + +I welcome any criticism of my analysis, I know it’s not a complete analysis but if I were to do that I’d be here all day. I think I’ve included the most important points anyway. + +Original post from r/thevalueinvestor + +Disclosure - I am long PLTR +I am seeing a lot of folks rolling out the old idea that earnings are bad for GME’s price. That is no longer the case. + +In the 5 days following this years earnings calls GME has moved up 80% after March’s call, 30% in June, and 30% in September. + +Just like poop tweets, earnings have become a good thing in 2022! +Many investors keep 5-10% of their portfolio in cash, often to make it easier to enter/leverage a position. I’m interested to hear opinions from the dividend-focused community. + +How much cash do you keep on hand? Has that changed at all in the past year, as so many companies/sectors have become clearly overvalued (although that has not seemed to inhibit growth)? + +High-yield (4%+) dividend stocks/ETPs are much more vulnerable to market corrections (with exceptions, of course). Do you keep **more** cash on hand in the event that a correction occurs and you can enter/leverage positions? Or do you keep a lower amount of cash and trust in true DCA? + +Edit: It looks like many of you hold between 2-5%, which is understandable. A handful are very, very insistent that 0% is the only way to invest. Whatever your preference is, best of luck! +I hold mostly Canadian banks (TD and RBC) + +I been eyeing citigroup for for fun for 5-6 months. And now at 4.6% div rate, 5.5 PE ratio it's starting to look attractive despite all the problems the company is facing. + +These days it is trading near the Covid lows. The payout ratio on the higher dividend is much lower than my Canadian banks. + +Can this company right the ship and come out ahead or am I better off buying more Canadian banks that I perceive to be high quality holdings. +I bought my first share of XOM in 2017, when I believed not the end for oil companies, as they taught me in school. I've had a few more buys since then to DCA, dividends were good and I was ok holding the company. + +But this year I started noticing my portfolio has too many stocks. I've been investing in dividend stocks since 2017 and have never sold a single company by choice. But now I am thinking I should try to do more with the portfolio. I should try to sell companies at the high phase of their cycle replace them with other companies. + +Energy sector is like that now, I don't believe we will have these high prices long term and wanna try it with the first trade in the portfolio. Wanna put money where my mouth is. I either can come back to XOM later for cheaper, or it will be a valuable lesson for me :) + +Want to hear your thoughts on this. These are my XOM transactions (note one broker expired my sell order, but I plan to sell remaining shares as well): + +[XOM transactions](https://preview.redd.it/k43cruxdl0k91.png?width=2282&format=png&auto=webp&s=963157d1a0d56d5581d99ec3029319d0653bb15e) +A lot of people eat unhealthy because they think it costs too much to buy healthy food. This isn't necessarily true, and eating unhealthy can become more expensive in the long run. If you eat healthy you're less likely to run into health problems that can become costly, you'll be less likely to binge eat, and you'll have more energy to be productive. + +Stuff like bananas, eggs, milk, rice, beans, pasta. Also protein shakes can make for a very convenient meal packed with nutrition. You can buy the big tubs for like $25, but it can last for months and you don't have to worry about it spoiling. +Guten Morgen to this global band of Apes! 👋🦍 + +I love the fact that each day there is a steady diet of new DD. +It is *exciting* to come here each day, with a strong chance of learning something new. +As we continue to forge ahead through some of the most uncertain times in decades, the effort that goes into DD continues to impress. +That is the most enduring aspect of Superstonk. + +Yesterday's price action was quite exciting. +I don't recall anytime with a larger increase during the German market, and it continued to be extended through the day. +There definitely seems to be a bit of separation between what the broader market is doing and GME. +Will we see a repeat today? + +Today is Wednesday, September 28th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$25.70 / 26,65 €** *(volume: 2066)* +- 🟩 115 minutes in: $25.69 / 26,64 € *(volume: 2066)* +- 🟥 110 minutes in: $25.68 / 26,62 € *(volume: 2060)* +- ⬜ 105 minutes in: $25.68 / 26,63 € *(volume: 2060)* +- 🟥 100 minutes in: $25.68 / 26,63 € *(volume: 2058)* +- 🟩 95 minutes in: $25.87 / 26,82 € *(volume: 2058)* +- 🟩 90 minutes in: $25.87 / 26,82 € *(volume: 2038)* +- 🟩 85 minutes in: $25.72 / 26,67 € *(volume: 1988)* +- 🟥 80 minutes in: $25.58 / 26,52 € *(volume: 1988)* +- 🟩 75 minutes in: $25.63 / 26,57 € *(volume: 1988)* +- 🟥 70 minutes in: $25.58 / 26,53 € *(volume: 1988)* +- 🟥 65 minutes in: $26.03 / 26,99 € *(volume: 1189)* +- 🟥 60 minutes in: $26.20 / 27,17 € *(volume: 1184)* +- ⬜ 55 minutes in: $26.22 / 27,19 € *(volume: 1087)* +- 🟩 50 minutes in: $26.22 / 27,19 € *(volume: 1087)* +- 🟥 45 minutes in: $26.22 / 27,18 € *(volume: 1087)* +- 🟥 40 minutes in: $26.27 / 27,24 € *(volume: 167)* +- 🟥 35 minutes in: $26.28 / 27,25 € *(volume: 142)* +- 🟥 30 minutes in: $26.36 / 27,33 € *(volume: 117)* +- 🟩 25 minutes in: $26.38 / 27,36 € *(volume: 40)* +- 🟥 20 minutes in: $26.38 / 27,35 € *(volume: 40)* +- 🟥 15 minutes in: $26.38 / 27,36 € *(volume: 40)* +- 🟥 10 minutes in: $26.40 / 27,37 € *(volume: 25)* +- 🟩 5 minutes in: $26.41 / 27,38 € *(volume: 25)* +- 🟩 0 minutes in: $26.40 / 27,37 € *(volume: 5)* +- 🟩 US close price: $26.13 / 27,09 € *($26.20 / 27,17 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9644. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +**)** + +&#x200B; + +All amounts are in USD, for just myself. + +For me, 500k is basically LeanFIRE. I could return to the city I used to live in and spend 18-20k a year and be perfectly content. I hit 500k recently with the recent boom in the market. I won’t RE right now, but theoretically I should feel some kind of relief at this point because I am leanFIRE, but I don’t really. + +Started working January 2015 + +2015 – 70k income, 24k expenses + +2016 – 100k income, 19k expenses + +2017 – 140k income, 17.5k expenses + +2018 – 145k income – 18k expenses + +2019 – 200k income – 40k expenses -> I moved to VVHCOL city here + +2020 – 250k income – 40k expenses + +Expected 2021 – 250k income – 36k expenses + +Most of my compensation is base salary. A small portion is cash bonus. No stocks. + +**Financial Anxiety** + +You’d think I would feel better/relaxed now, but I don’t. You’ll notice a common theme in this post, and that’s anxiety. I have anxiety over spending money, saving money, investments, you name it. + +It’s affected my relationships a lot. At times I have been overly controlling even about my partners financial habits. Pre-covid I was seeing a therapist to help deal with this anxiety, and it has actually helped a lot to improve my personal relationships, because now I can at least recognize and feel/touch the anxiety. Before it was just hidden, unknown emotions that I couldn’t place a trigger on. I never thought of myself as an anxious person until therapy. I am outgoing, well-spoken, have no social anxiety, and don’t get anxious about presentations or speaking engagements. I do get anxious though when I splurge on a single purchase because it feels like I’m slipping into lifestyle inflation and my whole world is falling apart. I do get anxious when my partner purchases a single splurge item because I extrapolate it to the extreme - to them having given up on FIRE, and therefore we are incompatible and should break up because ‘clearly FIRE isn’t important to them’. I do get anxious when my partner didn’t want to implement auto deposits every month, because they preferred every 1-2 months just going and manually doing it. To me that just felt like it was so easy to just let everything slip and fall out of control. But they had a method and it works. At the end of the day, our annual spending is very close and I really have no reason to complain or comment on anything that my partner does money wise. + +Sounds crazy when you write it out, and I’ve improved a lot in this regard. Therapy has helped. My partner bought a $300 splurge item recently and I barely commented on it. My partner doesn’t do automatic deposits to investments every paycheck and it doesn’t bother me at all anymore. Therapy helped me understand that these were not rational reactions and I was actually reacting to the feeling of ‘losing control’ and ‘things just slipping’. I still often feel the financial anxiety, but the difference is that I understand the emotion for what it is – a mental illness. I can control my reactions, even if I sometimes can’t control my feelings. Before I didn’t realize it was anxiety, I thought my viewpoints were totally justified. + +Hell, I even bought a PS5 recently for $500 and it didn’t bother me that much! I’m thankful to now understand how annoyed I would be if my partner made a huge deal every time I wanted to buy something like this. We are all adults and as long as our annual spending is reasonably in line with our goals we are fine. + +So hitting LeanFIRE hasn’t really done much for me either. It doesn’t feel real at all. I’m still working and slaving away. I keep trying to tell myself that I don’t ‘need’ to work, but it doesn’t feel like that. I’m not sure if this is because I know in RE I won’t follow 4% rule, likely 3%, or if I will started to feel relaxed as I gain more NW. I basically feel the same as when I was 0 NW. It might also because I feel battered and exhausted from work. If anything, I feel more like a battered, nervous wreck than I was when I was at $0 NW. Back then I felt like I had energy, and enthusiasm, and wanted to take on the world of work. Now I just want to quit. **I shouldn't feel anxiety, but I do**. To be frank I'm extremely lucky and privileged, but sometimes it just doesn't matter. Rationally I know I am very lucky and in a fantastic position. Emotionally it doesn't feel like that. + +**RE plans** + +I plan to work for another 5-6 or so years, but that may vary depending on a few factors. My job right now causes me a lot of anxiety. The hours are not too bad, but the pressure is high, there is often conflict, tensions are very high, and I am judged on the basis of my decision making. If I make poor decisions it affects the whole business, and I am solely responsible for making a lot of decisions. I basically hope to hold on as long as I can. Every year I am adding 130k to my investment portfolio, with an after-tax savings rate of more than 75% (I pay a LOT of taxes), so I understand the value in trying to just keep working a little bit longer. I think my goal RE number is about 1.5M, which by normal projections I would hit by 2025/2026. I also have a partner who is on the same path but a little bit younger and so is a little bit behind me. Having more cushion in my number will help my partner’s situation as well and make them feel more comfortable about RE. + +I might not make it 5-6 years. I don’t know. The last 2 years have been really hard. I’m just trying to hold on as long as I can because my income is high relative to my NW. On the flip side, I might work 10 more. Trying to be flexible. + +My reasons for wanting to retire are multifold + +1. My job affects my mental health a lot. I just feel so much better when I’m on vacation and away from the office and away from the work stress. I’m a much happier person, my partner notices it too and says I’m a much happier person to be around when I’m away from work. This has only gotten worse as I’ve moved up in roles. When I first started my career it wasn’t so bad. Now it even affects my sleep. WFH doesn’t help this either, it actually makes it worse. It’s not the hours, it’s the pressure to succeed and the stress. I actually enjoy my work when it is lower stress periods – although not enough to spend 40 hours a week doing it. I don’t like being forced to do anything. I would consider to voluntarily work 15 hours a week even if it was unpaid, but roles like that don’t really exist for me. I don’t have enough work experience to become an independent consultant just yet, but that might be something I do down the road. +2. I want to see the world and live abroad. When I retire I will definitely move around. Having financial cushion to be flexible there helps. I don’t know for how long, or where, but FIRE gives me maximum flexibility. +3. I have a lot of hobbies and other ways to spend my time. I could sit at home for 3 months straight and not be bored. That’s not how I plan on spending retirement, but I have lots of things I want to do with my free time instead of working. +4. I probably thinking about retiring every single day. I’m actively trying to not do this, after this post and responding to comments, I won’t be coming back to this sub often. I just need to get away and focus on things outside of work to try and be happy in my day to day life. + +I want to work longer and not RE yet because + +1. I want more cushion because of my financial anxiety +2. I might want to spend more down the road +3. I’d be nervous about my ability to re-enter the workforce if I left and the market doesn’t do well +4. My income to networth ratio leads itself to saying I should push through as long as I can. If I was only making 30k a year with this stress, good chance I’d just quit and/or work part-time on something relaxing. +5. I have a hard time because I feel like I've struck a golden lotto ticket. Billions of people would kill to be in my shoes and I just feel like a big whiny pants sometimes. Why would I quit when I have such a nice income and reasonable hours? + +I don’t want kids and neither does my partner. + +**Income** + +My income has gone up a lot, and I’ve taken a different route than most people who have income jumps like this. I’ve stayed at the exact same company who has treated me well. I’ve worked hard and been promoted fast. I’ve negotiated comp three times, but not that hard. My comp might be 10k less if I hadn’t. I also compare my compensation to people at my level in the company, and I am similarly paid to them. I’ve also spoken to external recruiters, and I’m being paid fairly. I think the notion that you need to change jobs every 3 years to maximize comp isn’t true 100% the time. If you spend the time to negotiate, compare to your peers, and have a company who treats you right financially, there isn’t a need to move around. Every company is different. Some companies you may need to hop around because they will treat you poorly financially if you are there too long. I’ve worked on 3 different teams in the same company. Also, in 2019 I moved to a VVHCOL city, and my income jumped as a result. I knew the \~250k role was coming in 2020, so that’s why the expense increase was worth it. My savings rate went down, but my total savings $ went up, and I won’t retire to VVHCOL city. + +I won’t be sharing my industry or my location or any other information. + +**Expenses** + +I discovered FIRE midway through 2015 and started being more conscious of expenses then. I also had a few extra expenses such as some student debt to pay off in 2015. I was always frugal, but became a lot more focused once I figured out I could retire early. The biggest thing I changed after discovering FIRE was just cooking more. + +I didn’t go to school in the US so my education was significantly cheaper. I graduated with only a few thousand dollars of debt. My parents contributed about $8000 to my education, the rest was self-funded. Worked in high school, had internships in college, etc. + +Now my expenses are high, but of the 40k total expenses, over 2k of that is my share of the rent. I share a 1-bedroom apartment with my partner. I live in a very expensive city, but I could easily drop my expenses back down to the \~20k level by moving. + +**Investments** + +I’m roughly 50/50 VTI and VXUS. I believe in global diversification. The US has done very well lately, but that doesn’t necessarily mean it will continue to do well in the future. My investment strategy is basically to mimic the ETF VT. If US becomes a larger proportion of the global stock market, so will my portfolio. Basically what I am saying is that I don’t rebalance. I purchase ETFs every paycheck, and my strategy is just to buy to get myself closer to the VT proportion. VT is around 50/50 now, so I almost just alternate every paycheck buying VTI and VXUS. I don’t need to do anything large because as my ETFs move up and down in value, they are automatically moving towards my goal asset allocation, because my goal is a moving target. As well, my post-FIRE plans lead well to holding high amounts of VXUS as I want to have larger exposure to different currencies. + +I didn’t change anything during the brief covid recession. Just kept plugging along. + +Real estate is too much work for me. I don’t want to be a landlord. I don’t own the home I live in because I want to move often and 5 years isn’t enough for it to be worthwhile. + +**Other ideas** + +I’ve toyed with just moving abroad now, and quitting my job and accepting a lower paycheck. That might happen if someday I just can’t hold on any longer. It would be hard for me to take a lower paycheck at this time, maybe if I had a larger NW. I love where I live but I also want to see the world and live abroad. + +I’ve toyed with finding a different job that is lower stress, but I’m not sure it exists at this compensation range in my profession. I also enjoy that my hours are reasonable at my job. Sometimes I miss the days of 2015 where I made 70k a year and had no real responsibility. I worked slightly more hours back then, but I wasn’t the one who was ultimately responsible, and my work stress was significantly less. But I’d rather work 5 more years at 250k than 15 more at 70k. + +I don’t have a networth tracker. Sorry! I have no idea. They’d be guesses. + +**Summary** + +That’s it. Feel free to AMA. I was a little bit afraid to make this post because I didn't want to just be another "High income earner reaching FIRE at a young age" post, but I think the other aspects of my situation hopefully make things more interesting. I definitely recognize rationally that I've had a fortunate upbringing and am lucky to be here. + +FIRE can't control your life. Easier said than done, but I know what I need to do. I need to do things to make my daily life happier, stop daydreaming about retirement, and just be happy. I will only have my 30s once. + +Also - therapy is amazing. If you tried it before and didn't like it, try it again with a different therapist! Took me 3 or 4 to find one that clicked. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so 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. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* 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. + +*** + +Enjoy! + +EDIT: And why shorts covering didn't cause squeeze? + +EDIT2: I like those answers. Thanks. + +&#x200B; + +Tkhonlao: + +>Simple. Yes they did close out. It didn’t squeeze because the buy out price per share was agreed upon and set by Elon and Twitter. Naked shorts just have to pay upon the agreed price per share to close out their position. Easy peasy. + +&#x200B; + +PracticalStranger317: + +>Going private won't cause the squeeze because technically they didn't have to go out into the market to buy shares to return at "any price" (which is what causes MOASS). The price was already set at $54.20 so at worst the shorts would have only paid $54.20/share + any premium/interest to borrow the shares. + +&#x200B; +[Disney](https://www.cnbc.com/quotes/DIS) has [extended CEO Bob Chapek’s contract for three years,](https://www.businesswire.com/news/home/20220628006143/en/) the company announced Tuesday. + +Chapek’s contract was set to expire in February next year, three years after he unexpectedly took the reins from Bob Iger. The board, which met Tuesday in Florida, voted unanimously to extend Chapek’s tenure to July 2025. + +“Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses — from parks to streaming — not only weathered the storm, but emerged in a position of strength,” said Susan Arnold, chairman of the board, in a statement Tuesday. + +She added: “In this important time of growth and transformation, the Board is committed to keeping Disney on the successful path it is on today, and Bob’s leadership is key to achieving that goal. Bob is the right leader at the right time for The Walt Disney Company, and the Board has full confidence in him and his leadership team.” +Just splitting off an altcoin adds 7 billion USD to the total crypto market cap. + +I thought cryptotards were pissed off at FED emitting new money, but this breaks all limits. So let us maybe fork Bitcoin 10 more times and we will have 1 trillion total market cap valuation in no time. + +Does this even make sense? +Completely aware that the macroeconomic conditions are terrible right now, but I am not wasting this opportunity to layer into the market. I remember in October when Bitcoin was peaking its head above the all time high and instead of going higher we went sideways for a whole month in anxiety. Then we dropped, and spent the entire first quarter bouncing around the 30-40k range. It was exhausting, and I was only hoping for it to finally rip the band-aid off and go whichever direction it was going to go. I looked back and wished I was around to buy back in the bear markets of 2018-2019 instead of dealing with higher valuations and anxiety. It's easy in hindsight, but I wished I could + +And now I feel like that opportunity is in my hands. We've dropped, and we can go much, much lower than this. But this is plenty good for me to DCA in weekly, I haven't sold any of my crypto since I got in early last year (why would I, it's at a loss). Going to hold onto it for the long term and see what happens. + +In an alternative world if Bitcoin did pop up and went above $100k last year, I wouldn't have made nearly as much profit if it wasn't for a bear market instead like what we have to buy some more. I am happy to be around all this fear. +I joined this subreddit, 3 months ago, depressed because I am an old broke fat guy. I am still an old broke fat guy, in fact, even broker! Nonetheless, this community makes me feel good about being broke. + +I see a dip, and I get exited because I can come in and watch everyone come together and bitch together. We suffer through the dips, applaud when the \[what the fuck is the opposite of dip is\] happens, and live, love and laugh. + +You guys really make losing money fun! Let's hope that none of you drop out so we can keep losing even more together! + +I love you all. +The current "no altcoin" policy of r/bitcoin is reasonable. In the early days of bitcoin, this prevented the sub from being overrun with "my great new altcoin pump!" + +However, the policy is being abused to censor valid options for _bitcoin_ BTC users to consider. + +A proposed new litmus test for "is it an altcoin?" to be applied within existing moderation policies: + +> If the proposed change is submitted, and accepted by supermajority of mining hashpower, do bitcoin users' existing keys continue to work with existing UTXOs (bitcoins)? + +It is clearly the case that _if and only if_ an economic majority chooses a hard fork, then that post-hard-fork coin _is_ BTC. + +Logically, bitcoin-XT, Bitcoin Unlimited, Bitcoin Classic, and the years-old, absurd 50BTC-forever fork all fit this test. litecoin does not fit this test. + +The future of BTC must be firmly in the hands of user choice and user freedom. Censoring what-BTC-might-become posts are antithetical to the entire bitcoin ethos. + +ETA: Sort order is "controversial", change it if you want to see "best" comments on top. +Hi all, I’m not sure if this story is appropriate for this sub but hey ho here we go. + +My dad was a stickler for saving, he constantly spoke about what he wanted to do when he retired. He told us always about his dreams to travel. He even mentioned he wanted to buy property in Barbados with my mum and like out there 6 months of the year. This man had dreams!! + +So to make these dreams come true, my dad worked every hour that god gave him. 7 days a week, he literally never took time off. My dad died at 62. Never made it to retirement and never lived out his dreams. + +Moral of the story: yes it’s great to save, yes it’s good to have dreams but you never know when tomorrow may come and you may never actually get to fulfil them. + +I used to be like my dad, would save soo much of my salary monthly. Always looking to the future, but now I take time to enjoy myself with my family and make memories in the moment. + +I think this story is relevant to this sub, I just don’t want anybody else to end up like my dad and thinking too far into the future that you don’t enjoy today. +One common mistake I often see is always equating drops in price of shares to drops in price of normal goods; the idea that the price of a company decreasing in price is equivalent to a packet of chocolate biscuits decreasing in price. + +This ["It just got cheaper - I'm going to buy more!"](https://www.youtube.com/watch?v=TpCb3xjh-Kk) mentality is flawed. Because the future prospects of that packet of biscuits are a lot more certain than that of a company. Barring some type of baking error, you know what you're buying when you add that packet to your shopping basket. You know what you're getting: eating them all at once and hating yourself for doing it, most likely. So when the price of biscuits drops, it's usually a good thing: you just got a *known* product for a lower price. + +The same cannot be said of a company. Price is much more subjective. People can value the same company completely differently based on what they know, their analysis, and their view of the future. Value changes based on a consensus view. This is why the price of companies changes a lot - this view changes as the company at the surrounding environment evolve. + +Price is informational. Highly informational. In fact, it represents the aggregated information of all market participants at any point in time. When this price drops, unlike chocolate biscuits, this *may* be an indicator that the company is worth less. I italicised 'may' because this price is not always correct. Markets aren't perfectly [efficient](https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp). Sometimes the price is wrong because of [FOMO](https://www.perpetualprudence.com/why-you-participate-in-bubbles/) or [FUD](https://en.wikipedia.org/wiki/Fear,_uncertainty,_and_doubt) or a particularly strong financial quarter for the company or whatever. + +And that's the game, really: trying to [determine](https://www.investopedia.com/terms/d/dcf.asp) if the price of a company represents "intrinsic value". + +One recent example is [Coinbase](https://finance.yahoo.com/quote/COIN/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALskSatihXas1wx8t_TEPuSU6hp8xTwgywxedgVQQ10dKytvhguIfWgHoBST-aSYpvepgYGzwWANs9dxPk-6TjAzVQDTroPAtvfk75HkyVgqXT5oKBfWQ-3tuDYujcMGk_ALUsHe-HNVRgLODcSCSbCmrC7wV63rUPT7XxowLabE). Did they just get "cheaper"? Or did the company prospects deteriorate? + +It's hard to say. + +\--- + +My point is that be careful when automatically preaching that some company got "cheaper" when the price drops. These are not like normal goods. Price is more informational. +as title says, i'm looking for a list of UK Government Gilts and their price/ current yield - where can i find this? + +want to see 12months/ 3 years/ 10years / 20years etc. + +As I'm looking to invest in them directly through my broker, AJ Bell. I've called and asked them for a list but they cant provide this to me. +Pains me to do it when prices are down, but I've just paused my monthly investments. +It's too uncertain out there. Who knows if I'll even have an income in a few months. I hate it, but staying in cash and flexible to make sure I can pay the mortgage and put food on the table for the family for as long as possible if my income dries up. +It turns out that being brave when others are fearful needs more reserves than I have +Hi all, not sure if this is a good place for this. Been investing for a few years now and tracking trade streams online for the companies I invest in. + +I came across one of the companies in my portfolio, Emmerson PLC today. + +So looking at trades on 25/3. + +- Buy volume (up to 2.18pm) was 1,030,863 shares. +- Sell volume up to same time was 517,444 shares. +- Undisclosed trades of 236,376 shares (at least 10% of which are buy as I placed a trade that came under undisclosed) + +The share price confusingly is down 0.35% for the day so far. + +I just want to understand the scenarios that make this possible as my "supply and demand" level of understanding has been broken here? Can anyone help? + +Edit: I've also noticed this happening on other days where buy exceeds sell volume and share price remained unmoved or decreased. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I've been looking at Somero for the last week and it's looking more enticing but I'm having trouble finding any massive downside, other than it being a cyclical. + +Now for those of you who don't know the company it's a US company listed in the UK that primarily makes screeding machines for making highly accurately levelled floors. The kind they lay for factories and warehouses, they also develop there own software products for figuring out the poor and leveling along with training and servicing contracts. Two biggest markets are the US and Europe although the Pandemic caused them to change there model in Australia and New Zealand and move from dealers to a new direct sales and servicing centre they have opened in Melbourne. They spend for there size a fair chunk on R&D and a lot of their products are protected by patents. They have been bringing new products to market recently, expanding into a new area with sky strip and another yet to be revealed product that will expand the breadth of their portfolio outside of flooring. + +Operating and EBIT margins have been running at over 20% since 2014, it hit some troubles in the financial crisis it's Gross profit margins have always been 50% but back in the crash its SGA expenses cleaned it out. Its operating margins leading up to the crash were just over 20% the last 4 years have been closer to 30%. Its ROCE has been ticking away over 40% since 2014. + +In terms of free cashflow for the last few years we have had this: +2018: Turnover $94m, FCF $23m +2019: Turnover $89.3m, FCF $15.7m +2020: Turnover $88.6m, FCF $26.9 +2021 (TTM): Turnover $117.7m, FCF $36.7m + +Oh and it's total borrowings stand at $2.3 million compared to a cash balance of $32.8 million. It normally runs with no debt. I believe the debt is pretty much all Covid related. + +Data sourced from SharePad. + +So the big drivers of growth for its products I can see are Warehouses and also in the longer term gigafactories for EV batteries. + +I have done some reading online and found that the UK needs to build 3.4 million square meters of warehousing to keep up with online ordering, the US needs to add 330 million square feet by 2025 to keep up. + +Plus there are 181 new gigafactories due to he open by 2030. I'm expecting that number to be higher as most of those are in China and I can't see US-China relations improving. As a note Somero have had difficulty getting into China, there seems to be less of a demand for highly accurate concrete floors. + +There products are used to construct facilities for companies like Amazon, Walmart, Costco, Home Depot, B&Q, Carrefour, IKEA, Coca-Cola, Fed-Ex and Tesla. + +The shares currently trade @500p on a PE of 20.9 but with a forecast PE of 12.2. + +As I said the only downside is that it's going to be cyclical. But it's got a good cash shield that I think it can weather a recession and with its service contracts it can still make money even when it's not selling as much equipment. + +So tell me what I have missed. Why should I avoid this company as all I can see is a little company pootling away growing. It feels like it's biggest risk is if they get gets big enough someone like Caterpillar puts on a takeover bid. + +I should also say I'm looking at this as a long term hold. +Hi all, + +I currently hold about 4,000 shares in GOCO, which is set to be acquired by FUTURE PLC, at 33p above market, valuing the shares at 136p each. + +According to the report: [https://www.theguardian.com/business/2020/nov/25/country-life-publisher-future-to-buy-gocompare-for-594m](https://www.theguardian.com/business/2020/nov/25/country-life-publisher-future-to-buy-gocompare-for-594m) + +I'll received the 33p difference as 'cash' and then hold the equivalent share holding in FUTURE at 0.05 a share, which seems fairly straightforward + +I'm just wondering what the next actual steps are though. This is the first time someone I've held shares in have been acquired, so I'm not sure what I need to do next. Will I just get a new share certificate posted to me? Or do I need to do anything proactively? + + +Realistically, I'm not exactly thrilled in being a shareholder in a magazine company, so I'd look to cash out asap, is it just as simple as selling up as soon as I receive the new certificate? + + +Thanks! +Ive recently been reading up on Cellular Goods, and their intention to float on the LSE. They are "a UK-based provider of premium consumer products based on biosynthetic cannabinoids" + +The Company will apply for a standard listing and raise approximately £8m through an initial public offering for its ordinary shares that will include a retail offer. + +Backed by David Beckham there is definite buzz around them. + +Tennyson Securities, Novum Securities and PrimaryBid are acting as Joint Bookrunners and Corporate Brokers for the Company. Net proceeds from the IPO will be deployed to finalise the development and launch of a range of the Company’s premium-quality consumer products based on biosynthetic cannabinoids, which is fully compliant under UK law + +Any thoughts on the viability. The UK Cannaboid market (whilst I doubt it will be as prosperous as the US market) it has the potential to make significant gains. +Hi All, + +I’ve been looking in to long term investing in to EWI, SMT and PHI, with a percentage of SMT - 40%, EWI - 30% and PHI - 30% + +But looking in to the holdings of EWI is anyone concerned about them being in a bit of a bubble with some of the bigger holdings like Zillow, Ocado and Tesla, I know SMT also holds Tesla but have cut it down to similar positions but I found EWI to have more bubble related stocks whereas SMT potentially is heading in to more genomics stocks which I think will be the growth in the future. Watching some of the EWI AGMs this morning, it seems like they’re investing in to more space related stuff but at lower percentages which is the future also. I also like how EWI do invest in things like Teledoc but it’s at such low percentages that if the bubble did burst for EWI you would see more of an impact. I like PHI because of the exponential growth opportunities in Asia and I can only see them getting better. I’m in 2 minds whether to go 70% SMT and 30% PHI or the above percentages with EWI in it + +Would like to see what people’s thoughts are on EWI being invested in to it, thanks in advance! +Hi all, not sure if this is a good place for this. Been investing for a few years now and tracking trade streams online for the companies I invest in. + +I came across one of the companies in my portfolio, Emmerson PLC today. + +So looking at trades on 25/3. + +- Buy volume (up to 2.18pm) was 1,030,863 shares. +- Sell volume up to same time was 517,444 shares. +- Undisclosed trades of 236,376 shares (at least 10% of which are buy as I placed a trade that came under undisclosed) + +The share price confusingly is down 0.35% for the day so far. + +I just want to understand the scenarios that make this possible as my "supply and demand" level of understanding has been broken here? Can anyone help? + +Edit: I've also noticed this happening on other days where buy exceeds sell volume and share price remained unmoved or decreased. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +**A high-growth e-commerce and logistics platform trying to nail-down its business model and scale. Can they disrupt the global D2C online market and become Shopify meets Fulfillment-By-Amazon?** + +[THG Holdings Plc Logo](https://preview.redd.it/81tgfhox01161.jpg?width=600&format=pjpg&auto=webp&s=fb320c3fac40f260f40611ce13311b0bd6a9fc84) + +### The Company - The Hut Group Plc (£THG) + +[The Hut Group Holdings Plc](https://www.thg.com/investor-relations/) ([£THG](https://www.google.com/search?q=LON%3ATHG)) has an all-in-one, vertically integrated, e-commerce platform - called Ingenuity - that third-parties pay to access and use. The company also uses this platform to sell their own, as well as other brands’ products direct-to-consumers.  + +The company is made up of 3 main business lines: + +* [THG Ingenuity](https://www.thg.com/ingenuity/): The all-in-one, vertically integrated, direct-to-consumer (D2C) e-commerce platform for third parties.  +* [THG Brands (Nutrition, Beauty & Lifestyle)](https://www.thg.com/brands/): Which develops, manufactures and does online retail of D2C products through the Ingenuity platform.  +* [THG Experience](https://www.thg.com/thg-experience/): A hotel and events business. This is a small, speculative part of the business that they hope to eventually use for branding events. + +It is a UK based and listed company run from Manchester that has been expanding rapidly across the globe. They still do most of their business in the UK (34% of revenues), but also have significant operations across the rest of Europe (26%), North America (16%) and most recently in Asia (24%).  + +The company has been growing explosively and riding the e-commerce and D2C boom. This growth is desirable, but low operating margins and high fixed costs have left the company with a lowly [B1/B+ credit-rating, rendering their debt non-investment grade and highly-speculative](https://www.moodys.com/credit-ratings/THG-Operations-Holdings-Limited-credit-rating-831088762).  + +On the other hand, I imagine that Matt Moulding’s credit is probably pretty good following his [record-breaking £900m over-subscribed-IPO payout](https://www.thetimes.co.uk/article/how-the-huts-pumped-up-tycoon-matt-moulding-landed-a-900m-payday-gg38hpsrz). 💰 + +### The Story - “ Explosive Growth With Significant Global D2C Market Disruption Potential” + +[The Hut Group Holdings Plc](https://www.thg.com/investor-relations/) ([£THG](https://www.google.com/search?q=LON%3ATHG)) is a young, high-growth company building out and nailing down their business model, looking for scaling benefits, and looking to eventually transition towards profitability.  + +It operates in the newish, but already enormous, **(1) D2C e-commerce market that is forecast to be worth £88bn across the globe by 2023**. The company just raised £920m with their September IPO and will use this to **(3) continue acquiring brands, developing their own products, and scaling their Ingenuity platform globally.**  + +This continued expansion will develop into a **(1) virtuous self-fulfilling cycle in which growth begets data, which drives improvements and develops new offerings**, which delivers further growth. **(2) As the business scales, operational optimization and their core logistics-competence will help them reduce their marginal costs** and comfortably grow operating profitability to the weighted-average of the markets in which their business lines compete.  + +Although their use of consumer data and influencer marketing is thought to boost pricing power over the long-term, this will likely become the norm across the industry as their huge, deep-pocketed competitors transition their marketing strategies and spend heavily. + +The company will continue to grow rapidly overseas, especially across the brand-centric Asias. It will remain a **(4) D2C products and logistics service business with significant fixed costs, but with an increasingly global focus.** + +There is the possibility that the **(5) Ingenuity platform will eventually be developed into a sort of Shopify meets Fulfilled by Amazon with a scaled influencer marketing integration. This would be extremely valuable and disruptive.** But with the global competition they face (Amazon, Walmart, JD.com, Alibaba, eBay, Shopify, Rakuten, Unilever, L’Oreal, etc.), it will be difficult to dominate. + +### The Valuation Model Output Summary + +Valuation Model Inputs & Links To Story + +**(1) Growth:** Organic growth & acquisitions delivering a virtuous growth cycle. +**(2) Margins:** Reaches average of competitors. Limited by the intensity of competition. +**(3) Reinvestment:** Brand acquisitions, global expansion & clever use of data. +**(4) Capital Costs:** Increasingly global D2C products and logistics service business with significant fixed costs driving an unexpectedly large chance of distress. +**(5) Optionality:** Developing Ingenuity into a Shopify meets Fulfilled by Amazon with an Influencer Marketing platform that captures 5-7% of all global online D2C sales. + +[Figure 1: Valuation Model Output Summary Sheet](https://preview.redd.it/acgnydq811161.jpg?width=1650&format=pjpg&auto=webp&s=04d9b0153abca27da66462ccac7bf5fc1842792d) + +### Monte-Carlo Simulation & Scenario Testing + +[Monte-Carlo Simulation](https://en.wikipedia.org/wiki/Monte_Carlo_method) is used to model uncertainty. This is done by assuming that the inputs to the valuation model - (1) Growth, (2) Margins, (3) Reinvestment, (4) Capital Costs & (5) Optionality - will likely come from a probability distribution around our estimates. + +Values are picked randomly from these distributions millions of times in order to model what will happen to the valuation under different scenarios. + +Monte-Carlo simulation was done on this company using the following distributions: + +>**(1) Medium-Term Growth Rate ->** [**Pert**](https://en.wikipedia.org/wiki/PERT_distribution) **Distribution** +**(2) Mature Operating Margin ->** [**Uniform**](https://en.wikipedia.org/wiki/Continuous_uniform_distribution) **Distribution** +**(4) Cost of Capital ->** [**Triangle**](https://en.wikipedia.org/wiki/Triangular_distribution) **Distribution** +**(5) Optionality ->** [**Uniform**](https://en.wikipedia.org/wiki/Continuous_uniform_distribution) **Distribution** + +In 50% of scenarios, each share was intrinsically worth between **£3.11 and £6.05.** + +&#x200B; + +[Figure 2: Monte-Carlo Simulation Output Distribution of Intrinsic Value\/Share](https://preview.redd.it/66ztkewc11161.png?width=287&format=png&auto=webp&s=d908b41b4019bf5c3cb0b175cda246fe22f2232e) + +### Current Price & Simulation Rating + +>**Current Market Price/Share = £6.27** +**Estimated Intrisinc Value/Share = £4.65** +**Monet-Carlo Price Percentile = 70-80th** +**Monte-Carlo Simulation Rating =  Reduce** + +Based on the Monte-Carlo Simulation, in **70-80%** of scenarios, the intrinsic value of each share is less than the Current Market Price, so [£THG](https://www.google.com/search?q=LON%3ATHG) has a rating of **Reduce**. + +&#x200B; + +[Figure 3: Stock Prices & Estimated Intrinsic Value](https://preview.redd.it/qc1l9p2s41161.png?width=600&format=png&auto=webp&s=9056af2540251e7a09f2edba69d8ef07ff30eddb) + +As usual, if you have any questions, feel free to post them in the comments below. + +If you like these valuations, you can subscribe at: [https://valuabl.substack.com/](https://valuabl.substack.com/) + +Peace and love, until next time. + +***Disclaimer:*** This does not constitute financial advice. It is independent research. +I've been reading about people with atleast 32ETH being worried about stacking and losing their whole stack due to errors/bugs/normal slashing. + +I was wondering what people with more ETH will do even if it's worth to stake ETH and what they are going to do. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so 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. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* 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. + +*** + +Enjoy! + +Hi r/investing, I'm here to talk about something a little different - the role and faithfulness of fiduciaries in handling the investment accounts of your investing-ignorant family members. Warning in advance: this is long, breaking down the portfolio, the fees, and diving into where the adviser truly makes their money. + +We all have a family member (or 5) that, while being intelligent in their own right, simply have never had an inclination to understand investing, both in the mechanics of it or the strategies behind it. As a result, they outsource this role to a financial adviser. They will trade off a fee for peace of mind; something that's a very reasonable and sensible decision. They put their trust in this adviser implicitly. After all, they've earned the title "fiduciary," and thus legally cannot make decision that aren't in the best interest of their client, right? Well, recently my parents asked me to review their portfolio. This was not in an intent to pull them away from Edward Jones, nor their financial adviser; It was an exercise to see where they stood and have an honest light shone on something that they didn't really understand. + +Please note that this took place in February, prior to the volatility caused by COVID-19. + +**Portfolio Breakdown** + +* Total Account Balance: $1,270,000 +* Investments: 42 Mutual Funds / ETFs. Many of them are duplicated over the multiple accounts within the portfolio. +* 64% Stock, 36% Bond +* Compound Average Return (5 year): 6.34% +* Compound Average Dividend Yield (5-year): 2.57% +* Compound Average Total Return (5-year): 8.91% (Stock: 10.2%, Bond: 6.5%) + +Stock Breakdown: + +* 76% Domestic +* 15% Foreign +* 9% in blended funds + +[Morningstar square breakdown for all investments](https://i.imgur.com/iXptWCx.png). + +[Foreign/Domestic Morningstar square breakdowns](https://i.imgur.com/jv79vJc.png). + +**Fees Breakdown** + +Fees come from two sources: Fees to Fund Manager and Fees to Portfolio Managers. Fund managers make their money through two main avenues: Expense Ratios and Load Fees. Portfolio Managers, such as the Edward Jones Investment Adviser, often make their money by taking a percentage of the value of the managed assets (similar to an expense ratio). + +Now, when presented with similar investment vehicles, you always act to minimize fees. You'd never pay a load fee if you don't have to. However, this portfolio has many funds both stock and bond, [that have significant load fees](https://i.imgur.com/Ek1Kcza.png). A bond fund with a 4.5% load fee? Even if you said that a bond fund would overperform in the long run by 0.5% (it won't), that'd take NINE YEARS to get back to even with that load fee. Why in the world would you EVER enter that? To answer that question, we need to dig into how EJ makes its money. + +Edward Jones charges 1.25% of the total value of all "Advisory Solutions" accounts. I will note that my parents had 7 accounts with EJ, and 2 of them were Advisory Solutions accounts. The remaining were Traditional IRAs, ROTH IRAs, and Individual Investing accounts. Regardless, all of them were controlled by the Adviser. [ They also have profit sharing set up with many companies](https://i.imgur.com/sZUu9oI.png). The ones highlight in black were their big revenue sources. Profit sharing accounted for 22% of their net revenue in 2018. Finally, they have shareholder accounting /networking payments set up with practically every firm. This accounted for 5% of their net revenue in 2018. + +The table below highlights the holdings of the account cross referenced with the way that EJ makes its money. Orange is an EJ owned asset, such as their Bridge Builder funds (which are great funds, honestly), so they make money directly off of the expense ratio. Light Orange are funds that are with companies that have a profit sharing agreement with Edward Jones. Light Yellow are funds where EJ receives a small kickback for shareholder accounting / network payments. Finally, White are funds that do not profit Edward Jones. + +[Where Edward Jones is making its money](https://i.imgur.com/NaeCVj7.png). + +What's important to note here is that **94% of the dollar value of the accounts is used to profit Edward Jones.** The financial adviser, despite being a fiduciary, chose to invest my parents' money into vehicles which profited Edward Jones. + +"But wait, why would he invest in high fee funds when he makes a percentage of the account's value?" Great question! Remember how I said that only 2 of the funds were Advisory Solutions funds? It just so happened that, in both of those, there was not a single fund with a load fee. They were all in the Bridge Builder funds - yes, they're EJ owned, but no load fee, low expense ratio, overall good funds. This isn't random; this conveys the fact that the adviser knew that structuring the portfolios this way would yield the best return for his company. It was not acting in the best interest of his client, which is a required duty of a fiduciary, but rather in the best interest of the company. + +Per the SEC on direction to fiduciaries: "As an investment adviser, you are a “fiduciary” to your advisory clients. This means that you have a fundamental obligation to act in the best interests of your clients and to provide investment advice in your clients’ best interests. +... You must eliminate, or at least disclose, all conflicts of interest that might incline you — consciously or unconsciously — to render advice that is not disinterested. If you do not avoid a conflict of interest that could impact the impartiality of your advice, you must make full and frank disclosure of the conflict." A conflict of interest, in this case, is when the adviser profits more if a client uses one investment instead of another. + +Further: "Departure from this fiduciary standard may constitute “fraud” upon your clients (under Section 206 of the Advisers Act)." + +It's hard to paint what happened here as anything other than fraud. It was happening in plain view, taking advantage of those who trusted others. I suspect that many, if you begin digging, will find similar results. + +**Final Thoughts** + +While all of the above may sound like a condemnation of EJ and their adviser, it is not. Yes, I'll condemn them for taking advantage of my parents, but, at the same time, they did create a portfolio designed to achieve the aligned goals of my parents. As I explained to them, they did that by accepting increased risk without even knowing it. We all know of the adage "Your portfolio stock % should be 100-age." At 70 years old, my folks should have been 30% stock, 70% bond as a baseline. Instead, they were 64% stock, 36% bond. Are fees alone enough to swing that? No, not at this point due to their level of capital and retirement goals. But by removing the fees, I was able to get it to 51% stock, 49% bond. If this analysis had been done earlier + +TL;DR - Just because an adviser is a fiduciary does not mean that they will not try to take advantage of you or your loved ones. Make sure you ask questions and do your own due diligence. +Some keep it in a money market account, others their savings account. I’ve started my first full time big boy job and making about $91,000 a year to start. My employer has a 403(b) but does not match. My goal is to build up about $8,000 in emergency fund and I was wondering what are some relatively safe options to store it in. My friend went against the grain and put it in a safe ETF stock, and should he need his money for emergencies he would sell it off and use his credit card if need be until the money is in his account ready to be used. His reasoning is that the traditional way of storing emergency funds in a savings account, the money just sits there when it can be put somewhere else and grow a little more. Beats the purpose of a “traditional emergency fund account” but I kind of understand his logic. + +Regardless, I wanted to ask how many of you fairly do something similar to that? I have an account with a credit union (NYMCU) that I was thinking of keeping it in. Only problem is, there seems to be login issues every now and then with their online banking. And I forgot my pin code since I don’t use it all that much. As of now, it only has a measly $400 dollars or so in it but as soon as my first check hits and every check following, I’ll be adding about $700-$800 biweekly until I hit my goal of $8,000 to $10,000... depending on my finances. After I reach this goal, I’ll start contributing the maximum amount to my 403(b), which is roughly around $800 per check. My take home after taxes and before contributions is around $2450 per check. I live at home with my parents so I don’t have any rent expense. Is this a solid plan to start saving and investing? What would your game plan be if you were in my situation? I have just under $2500 in credit card debt, and I plan on paying that off ASAP. +Hey All, each Sunday, I plan to pick 5 stocks from ARK’s funds that are most attractive from a fundamental perspective (i.e. growth rates, margins, valuation). I'm doing this for myself so thought it'd be helpful to share with others before trading begins on Mondays. + +Planning to do this for the Innovation (ARKK) fund today, then the autonomous tech next week, then next gen internet, then fintech before the whole cycle repeats. (Unless it turns out that there’s no interest in this, then I’ll stop posting). + +**Why ARK?** + +* Though ARK’s strategy can be seen as overhyped and controversial, what I do like about the fund is that they are growth-focused with an [internal annual hurdle rate of 15%](https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/Marketing_Material/ARKInvest_122019_ESG-Policy.pdf) based on a 5-year time horizon +* But, I think ARK tends to be on the optimistic end of the spectrum and sometimes ***too*** **tolerant of overly stretched valuations** +* As a result, I’m hoping to give you the **best of both worlds: high growth stock picks at the most attractive prices,** all by using ARK’s ETF picks as a filter for vetted, high-growth companies  + * To be clear, I’m not saying ARK’s picks are all bulletproof. Just using the fund’s picks since they have a much bigger research team and resources than an individual investor such as myself, so **think of this post as a potential** ***starting point*** **for more research** + +**My Process & Selection Criteria** + +* First of all, I’ll be excluding all non-tech stocks in my analysis because I personally like to focus on tech. Including healthcare stocks (which pretty much are what the non-tech stocks are) ruins the metric comparisons given the differences in industries. +* My process was pretty simple. Downloaded all the tickers from ARK, pulled data from wallmine or went through filings myself. As a result, there may be some slight discrepancies from the data you use and mine but they should be around the same ballpark. +* Next, my **selection criteria,** which will I’ll likely change over time each week. Today the ones I’m using include the following (data sourced from wallmine and filings): + * **Trading at less than 70% of the 52 week high** \- provides context around market sentiment + * **Greater than 25% LTM revenue growth** \- guide for the future + * **Greater than 60% LTM gross margins** \- operational efficiency + * **LTM cash flow positive** \- operational efficiency + * **LTM Revenue multiple of less than 15x** \- valuation +* Given that the market is a bit bearish right now and punishing stocks with stretched valuations, I’m heavily weighting the valuation criteria as you’ll see soon + +**The Top 5 Picks of the Week** + +* **2U - a leading edtech company** + * 52 week high discount: 41% + * LTM revenue growth: 34% + * LTM gross margins: 71% + * LTM cash flow positive: 0% + * EV / LTM revenue: 3.3x + * Commentary: Most software companies are trading 20-30x with these types of fundamentals, so based on the valuation, 2U seems very promising +* **Baidu - a Chinese AI and internet conglomerate** + * 52 week high discount: 26% + * LTM revenue growth: 46% + * LTM gross margins: 48% + * LTM cash flow positive: 33% + * EV / LTM revenue: 4.7x + * Commentary: Really great financial figures and super low revenue multiple, but do keep in mind that there’s always heightened risk when investing in Chinese companies +* **PagerDuty - an incident response software company** + * 52 week high discount: 36% + * LTM revenue growth: 27% + * LTM gross margins: 87% + * LTM cash flow positive: (35%) + * EV / LTM revenue: 13.1x + * Commentary: The company is in its growing phase so that’s why I’m forgiving of its negative 35% free cash flow margin and a 13.1x revenue multiple seems very fair for this kind of financial profile for a software company. Keep in mind these are EV / LTM revenue multiples, so this multiple is even lower for NTM but I just don’t have that data. +* **Teradyne - a test equipment manufacturing company whose customers include Samsung, Qualcomm, Intel, and more** + * 52 week high discount: 23% + * LTM revenue growth: 34% + * LTM gross margins: 57% + * LTM cash flow positive: 29% + * EV / LTM revenue: 5.8x + * Commentary: Based on the growth rate, margins, and valuation, seems like a bargain +* **Taiwan Semiconductor Manufacturing Company - primarily makes chips** + * 52 week high discount: 15% + * LTM revenue growth: 33% + * LTM gross margins: 53% + * LTM cash flow positive: 29% + * EV / LTM revenue: 11.4x + * Commentary: The company isn’t trading at much of a discount relative to the others at 85% but I chose this company because there has been some news I came across recently of a chip shortage, which means there is incredible demand for TSMC’s products + +**Edit:** One thing I forgot to add - there's obviously a lot more to investing than just numbers. And it's very possible that the numbers I share each week has an important story behind it (i.e. an inflated revenue figure due to an acquisition rather than organic growth). So as I mentioned earlier in the post, please view this as a starting point of research and I'm not necessarily recommending all these as buys. Just that they are attractive from a financial perspective + it helps that the ARK team vetted the company. +All eyes on Bitcoin keeping its head above $1000. + +But why is this interesting? The price of Bitcoin and the profit:cost ratio of the latest mining rig dominates discussion. I find it quite boring. + +Are the R&D efforts in blockchain technology being completely missed? + +What is the tipping point? My view is that when the dots of Swarm, ENS, identity and the underlying Ethereum smart contract platform are joined up, a whole new string of 21st century corporations will emerge. + +Time will tell. Ethereum is ticking along nice and quietly. +Ok, so you have sold. Great! + +Now are you going to jump back in **below** or **above** your historical exit point? + +Make your decision quick. And don't forget your 8 hours of sleep. Have a good night. + +I'm sure you are going to sleep well in the next few nights. +## In the Beginning (Post Undergrad Years) (23M/21F) + +Our story begins pretty much the same time as our relationship. I met who would eventually be my wife during our last year in undergrad where we were both majoring in Molecular Biology. I had switched majors from Aerospace Engineering but that's a story for another time. + +My wife graduated and began studying for the MCAT a semester before I finished. She spent some time shadowing doctors and didn't find the ones she shadowed to be that happy, lessening the appeal of going through med school. She also feared the debt necessary to fund that education and so decided she'd be more interested in a medical profession that provided more opportunity to change specialties so she decided not to take the exam. Long story short we both entered the labor market in Fall of 2010. + +My first job after college was as a research embryologist for a small research lab I found on Craigslist of all places. I had about $23k of debt from undergrad and started at $15/hr but opted to stay on my parent's medical insurance which added the equivalent of $1/hr extra. We had access to a 401k with no matching to which I did **not** contribute. I was able to work up to 1.5 hours of overtime per week and did so as often as I could. **My net worth was -$23k**. + +My wife started as a research assistant with a State University lab making $31k which included what I know now is a very rare automatic contribution to a pension to be paid starting at age 65 with a benefit based on years of service. Fortunately she had taken enough college level coursework in high school to only need 3 years to obtain her bachelor's degree and was able to work enough in college to avoid taking student loans. I wasn't privy to her finances at the time but now know **she had a net worth of about $8k** from savings throughout her life. + +We moved in together shortly after starting these jobs but didn't combine finances and split all our bills 50/50. I used my remainder after monthly expenses to attempt to slowly pay down my student loan debt. Foolishly I would calculate down to the last $50 of my checking account and kept no emergency fund, a decision which my wife would argue with me about until I finally decided to keep $500 as my maximum depletion amount. + +We both performed well at our jobs and after 2 years I had increased my pay to $17/hr and was still getting $1/hr extra by opting out of health insurance and staying on my parent's plan. I had managed to get my student loan balance down to about $10k but was still not contributing to retirement or saving much of anything. + +My wife was feeling the itch to pursue a career in medicine and had decided that she would apply for Physician Assistant school due to its greater specialty flexibility over medical school. However, a prerequisite was direct patient hours which she was not getting in her job as a research assistant. She was able to find another opportunity with the University as a Clinical Research Coordinator which gave not only patient contact but came with a pay increase to $41k and continued contributions to the pension plan. + +We got engaged shortly before my wife was accepted into PA school in another state and I decided I would leave my job in order to move across the country with her. We decided it might be a good time for me to pursue additional education as well. I had been taking some courses online in my evenings on statistics and programming and happened across the field of bioinformatics. Having always been passionate about computers as a hobby I saw bioinformatics as a way to combine biology and computer science and hopefully advance my career outlook. Fortunately I found a master's degree program that was available 100% remotely and I was accepted to begin the same semester as my wife started PA school. + +When we left our jobs our **combined net worth was about $0** with my $10k in outstanding undergrad loans and my wife's now $10k of savings. + +## Back to School and Loading Up on Debt (26M/24F) + +My masters program took 24 months to complete and my wife's took 27. My wife's program required students not take outside employment to not interfere with rotations and coursework and I felt overwhelmed enough by attempting to transition into more computer science heavy coursework coming from a biology background that neither of us ended up working during grad school. + +I am a Type I Diabetic (insulin dependent) and we started grad school shortly after the ACA was passed, meaning I could no longer be denied coverage for my preexisting condition. I purchased an insurance plan from the market that covered the diabetes care I would need but had to pay for the premium and co-insurance from our student loans. + +By the time we were finished we had accumulated $250k in student loans, interest included. I had one paid internship in the middle of my program where I earned $6k but otherwise we lived our entire lives on loans. Most went to tuition, medicine, and rent but we did allow ourselves occasional eating out, alcohol, and entertainment. We also got married, and managed to keep the cost under $5k! + +## Finishing Grad School, Starting Careers, a Family, and Medical Problems (28M/26F) + +Fortunately my internship finished with a job offer to return after graduation that I accepted in yet another different state. I started while my wife was finishing up PA school which caused us to live in different states for 3 months. I started at $72k with a generous benefits package including a 9% 401K match, an HSA with a $2,000 automatic employer contribution, and health and dental insurance. + +My wife followed a few months later and was able to find a job after about a month as a PA in a rheumatology practice. It was a contract-to-hire position where she would either be hired or released after six months. Her six month contract was for $40/hr with no retirement benefits but included medical which she declined as we were both on my work's plan. + +We started our new careers with a **combined net worth of about -$240k**. + +Happily, we both found success in our new careers and enjoyed rapid advancement and raises and as a unit averaged an 8% increase in pay per year over the next five years. My wife was hired from her contract and got a bump to $100k and began to receive a 4% retirement match if she contributed 6% of her base salary. + +We both began to take more of an interest in personal finance, but still hadn't discovered the concept of financial independence. We were very motivated to pay off our mountain of debt so began to track our expenses diligently (first with Mint, now with YNAB). We contributed enough to get our retirement match and everything else left at the end of each month went towards loans. + +Our jobs are located in a HCOL area so we chose to live in an older apartment complex our first two years and then transitioned to a town house 3 years ago where we still live. We have been paying $2,000/mo for a 3/2.5 1600sqft unit (not rennovated) which is very close to work so we don't need to have much of a commute. We could definitely find lower rent farther from work but it would add 45+ minutes each way. + +As we began to see serious progress on our student loans our interest in personal finance grew and we discovered the idea of financial independence. That concept still had to sit on the back burner for a while since we decided paying off our loans would be a priority until the remaining loans were at an interest rate < 4.5% which unfortunately was only about $30k of our total balance. + +After 6 months of working our net worth climbed to -$200k. Then -$150k after 12 months. We managed a pace of increasing our net worth through paying off student loans to the tune of $100k/yr for almost exactly 5 years. + +We hit **net worth $0 in August of 2018** just as our first child was born. 3 weeks before he was born I had to have a kidney removed due to a genetic condition which caused it to fill with fluid and swell like a water balloon which destroys its ability to filter. Fortunately we were already used to having maximum medical expenses due to my diabetes so the pregnancy and the kidney removal weren't really much of a factor financially due to hitting our out of pocket max. + +## Present Day (33M/31F) + +We finally **paid off our student loans and hit $150k net worth in January of this year (2020)**. We gave birth to our second child in March of this year just in time to get home before the pandemic started to really spread. We are both incredibly fortunate in that we have been able to continue working at the same jobs and at the same pay as before the pandemic and that allowed us to reach **$250k net worth** this month. My Dad retired a few years ago and my Mom was forced into retirement by the pandemic so we are also incredibly fortunate that they are willing to watch the kids while we work. We pretty much just flipped the switch of paying off student loans to contributing for retirement so have really been enjoying actually getting to keep most of our money this year instead of shoveling it into loans. + +We certainly experienced a lot of luck in our journey but also a lot of hard work and made a pretty radical change in our lives that benefited us immensely. This is now the longest thing I've ever written on Reddit so I should stop rambling here. Thanks for reading! +I always followed a typical three-fund portfolio advice from Bogleheads (VTI/VXUS/BND in fixed percentages), however I think the very dogmatic approach breaks down as one reaches 8 figures and > 50X living expenses (I'm not there yet, $3M during this downturn but preparing myself): + +* The part about keeping a constant percentage of bonds to reduce risk doesn’t make sense to me. I find it more useful to keep a constant absolute amount of fixed income to cover, say, 10 years of living expenses during a downtown, which never gets rebalanced into equities. Preferably allocated to individual treasuries and not ever-green bond funds. +* The extreme allergy for any alternative investment, be it real estate, private equity, … + +So I wanted to ask: how are you, as a fatFIRE person, invested? I am specifically interested in the people who are actually there, ideally 8 figures and > 50X living expenses: + +* Overall asset allocation (e.g. 80/20 or 10y fixed income, rest in equity) +* International vs domestic equity allocation (e.g. 50/50) +* Single-stock vs index allocation (e.g. 20% company stock) +* Fixed income allocation (bond funds vs individual treasuries vs muni vs cash) +* Real estate allocation (primary vs rental portfolio, …) +* Any other you can think of! + +Thanks! +Looking to relocate to Aus as it seems I will be able to come by a visa fairly easily and quality of life just seems so much better than the UK, which makes sense since Aus seems to always get better happiness index scores. + +Growing up in the states I always wanted to live in the UK. As someone without skills the UK seemed better: no car required, NHS coverage, paid time off, and a higher minimum wage. Now that Ive developed a skill the pay for skilled workers seems very low; especially since Brexit hit and the pound took a nose dive. I dont particularly want to relocate back to the US (poor social policies and limited worker protections) so I am now seeking alternatives and I feel that Australia might be a good interface between the two. + +&#x200B; + +Im currently training to be a biomedical/healthcare scientist (working in the lab running bloodwork). + +The average salary is stated to be $64,474.97 - $93,390.77 AUS on some job postings . In the UK it starts at £30k and goes to £37k (outside of london, approx £6k more in london) and increases with experience and specialism. As a senior this increases up to £45k but this will require at least 5 years experience and a promotion within the lab so may be stuck at that 37k for a while, but nights and weekends are paid at an enhanced rate so may add a few thousand on. + +&#x200B; + +(strangely this field has high job satisfaction in the states, somewhat decent satisfaction in the UK, but doesnt seem to have a good ranking in australia - not sure what thats about) + +&#x200B; + +This would occur in approximately 5 years as I have a commitment to fulfill in the UK and dont want to burn bridges. If I were to make the move how much money should I have stashed before deciding to do so? + +&#x200B; + +There are also some quality of life issues that I suppose cant be priced too. Persistent rains get me down and the winters are very hard due to S.A.D (maybe moreso this year than others due to lockdowns, but this has made me consider where I want to end up). I want a life composed of sand and sun. Socially speaking I feel like I've never really fit in the US or the UK - too british for the states, too american for the UK - not sure if this would change in Aus (I did find it a bit easier in the states as people seemed to be much more open). +I’m in my mid-20s with around 100k invested in a mutual fund. It’s a solid mutual fund (PRWCX) but one with 60/40 stock/bond mix, and since I’m in this for the long haul, I’m naturally open to upping my risk exposure. I have no debt and live a very low cost lifestyle, so I can take a bit of a swing, albeit I’m not going to be irresponsible about it. + +I know ARK/Cathie Wood has become a tired meme here, but the growth potential of her strategy seems compelling, at least to my novice eyes. If I’m looking to maximize returns over the next 5+ years in an ETF or similar investment option, are there better options out there? +What the actually fuck is going on with this stock. I’ve seen this more than once now with BB specifically. +I just need to vent lol + +Historically, have there been other stocks like this? Out of curiosity a Q to the old timers +There are two things that frustrate me about the wealth accumulation phase of obtaining financial independence. One is the "waiting" feeling. We've discussed that in other threads. + +BUT, the other thing that really frustrates me is not being able to really talk to anyone about this other than my spouse and close family, and a few close friends. Even among friends and family there are some people you just can't tell for one reason or another. We have a family vacation coming up (we're all in our 30s but occasionally go on vacation together), and I have one sibling who has an income similar to mine, and I'd love to talk to about FI, investments, etc., but my other sibling is in a low income job and thinks only the government can save money for you so that conversation will probably just not happen. + +I have a lot of close work colleagues that I talk to about everything, but I don't feel comfortable sharing any of this discussion with them because (1) knowledge that my expiration date is much sooner than expected may devalue me in the company's eyes and (2) Its hard to negotiate for a raise when your boss knows you save 65% of what you are paid. I'll keep playing the new baby, mortgage, student debt, life is hard card instead. + +Anyone totally "out of the closet" on FI? Anyone do anything particularly interesting to hide things from others? Any other thoughts on the "stealth wealth" frustration? + +Guten Morgen to this global band of Apes! 👋🦍 + +I am posting this at the usual time in the USA, but the data will begin updating an hour later than usual due to the difference in Daylight Savings time between Germany and the USA. +The updates will continue for one hour instead of two. +The normal schedule will resume next week. + +With inflation continuing to resist the interest rate hikes, the Fed has once again raised rates by 75 basis points. +While many expected such a move, such news still appears to have hit the market somewhat hard. +For companies that depend upon utilizing debt for seasonal inventory, this kind of news must be incredibly challenging. +The times of 'cheap, easy money' are over for who knows how long, and there are many companies who are not prepared for it. + +I delight that GameStop is incredibly well-prepared. +Quite a while ago, during the second major run-up, GameStop took the opportunity to sell shares and raise capital. +They raised over a billion dollars, wiping out their unfavorable debt and accumulating a warchest. +Since then, they've increased fulfilment capacity, increased inventory, increased wages, and have invested heavily in their digital future. +And GameStop is still sitting on a massive pile of cash. +GameStop can easily weather the months and years ahead, when the SHFs who bet against them are desperate for them to run out of cash and enter bankruptcy. + +The SHFs are fuk. + +Today is Thursday, November 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 60 minutes in: **$26.88 / 27,13 €** *(volume: 1587)* +- 🟥 55 minutes in: $26.93 / 27,18 € *(volume: 1203)* +- 🟩 50 minutes in: $26.94 / 27,19 € *(volume: 1203)* +- 🟥 45 minutes in: $26.93 / 27,18 € *(volume: 1096)* +- 🟩 40 minutes in: $27.08 / 27,33 € *(volume: 844)* +- 🟩 35 minutes in: $27.06 / 27,31 € *(volume: 621)* +- 🟥 30 minutes in: $27.05 / 27,30 € *(volume: 611)* +- 🟥 25 minutes in: $27.06 / 27,32 € *(volume: 535)* +- 🟩 20 minutes in: $27.09 / 27,34 € *(volume: 143)* +- 🟩 15 minutes in: $27.08 / 27,34 € *(volume: 143)* +- 🟩 10 minutes in: $26.94 / 27,19 € *(volume: 143)* +- 🟥 5 minutes in: $26.94 / 27,19 € *(volume: 143)* +- 🟩 0 minutes in: $27.03 / 27,29 € *(volume: 82)* +- 🟥 US close price: $26.62 / 26,87 € *($26.66 / 26,91 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9908. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hey guys, + +I have been trading for just over an year now and sometimes I lose hope that I will ever become consistently profitable and trade for a living. I am currently a student so I work full-time in order to save up money to use for trading and whenever I lose more than usual or make a stupid mistake it really hurts because I know how hard it was to earn that money. This year I had 3 profitable months in a row through the summer but ever since then I am mostly losing and I always make the same mistakes. I either don't stick to my stop loss or after a loss I use a larger size in order to make up for it. + +Recently, I have started following my rules which are to trade max 3 trades a day and to limit my loss to $50 a day. I currently trade with a 4k account which was originally 6k in January 2019. + +I think I am fixing my mistakes one by one or at least limiting them and I have noticed that when I have a lot of stuff going on in my life it also really impacts my trading and I think the reason I had 3 winning months was that I wasn't working and had a break from uni exactly at that time and I was able to follow my rules and be really disciplined. Have you noticed that in your trading as well? + +I am graduating in 2020 and I have a job lined up for September 2020, however, I live in the UK and probably won't be able to trade since market open is at 2:30PM here in the middle of the day. The good thing is that I will be able to save some money and I plan to save 60k in 3 years and then quit my job and try trading full-time for 6 months and see what happens. Problem is that I worry I will lose the intuition I have build up until now and generally my market feel if I don't trade for such a long time. + +I have been thinking about maybe getting into futures since they are open all the time or trading the FTSE in the UK in the morning at 8AM when it opens. + +I guess I just made that thread cos today I think I did everything well and I still lost money and I am feeling really dissapointed and starting to doubt that it is even possible to trade full-time, but it has been my dream for the past 3 years and I try to keep it alive. Those were my trades for today on MU and PCG and if I had to take them again I would probably do the same thing and I really don't see what I did wrong. + +https://imgur.com/P1RnP7d +https://imgur.com/Lvb3DUQ + +Anyway, sorry for the long post I just wanted to put it out there and share with you guys as I have been reading the sub for the past 2 years but never actually commented and I really enjoy reading other people's posts as well. +I have a bit of spare change this month, I am thinking now is a good time to double down on my holdings. Anyone think it will fall a bit more before the next fork or should I just buy today? All thoughts appreciated. Thanks. + + +# Approximately 137M Shares Printed & Borrowed + +Looking at the GME borrow data from Chart Exchange (which says it's from Interactive Brokers), we can see the number of shares available to borrow. Obviously, the number of shares available changes over time as shares are borrowed and (possibly) returned. + +***Assumption***: Every share borrowed is never returned. This assumption is based, in part, off of Mark Cuban's comment that "\[t\]heir goal is to never cover their short.": + +https://preview.redd.it/k1lyg0dp09q91.png?width=1406&format=png&auto=webp&s=fb95214de76aa870b43be95b9f4e452fc106f3ec + +This would mean that if we count up all the shares borrowed (i.e., sum up the total available every time the number of shares available drops) we can get an idea for the total number of shares borrowed. Similarly, if we sum up all the increases in the shares available, we can get an idea for the total number of shares printed and made available to borrow. + +For the approx 16 months between May 27, 2021 To Sept 21, 2022: + +||Raw Count|Pre-Split|Post-Split|Split Adjusted| +|:-|:-|:-|:-|:-| +|Total Borrows|50,278,353|29,044,446|21,233,907|137,411,691| +|Total Printed|50,328,353|28,989,446|21,338,907|137,296,691| + +# Shares Go Around & Around & Around & Around + +We also suspect that shares get bought and loaned back out meaning the same shares get counted multiple times through **rehypothecation**. *For example*, if someone buys one of those newly printed shares in an IRA (held in street name FBO the ape), the broker might lend out the same share to a short seller to make delivery on a short sale (which may even be the same share just purchased). + +This means it would be helpful to estimate how many times a single share make might the rounds and get counted. Enter [The (sizable) Role of Rehypothecation in the Shadow Banking System](https://www.imf.org/external/pubs/ft/wp/2010/wp10172.pdf) (an IMF, International Monetary Fund, Working Paper from 2010): + +[\[Abstract\]](https://preview.redd.it/qsoo8nuo09q91.png?width=1772&format=png&auto=webp&s=e199efc1e0fc0fc8959e1870d90d0a1321eaa5fb) + +In the US, Regulation T limits rehypothecation up to 140% -- a number that apes repeatedly saw early on (see, e.g., Wikipedia and you can search a sub that shall not be named). However, other countries (e.g., United Kingdom) have no limits on rehypothecation. + +[\[pg 4\]](https://preview.redd.it/tf6eml4r09q91.png?width=1696&format=png&auto=webp&s=7c56b91f736e3552ece9141e6732dc060405c96e) + +Unlimited and uncapped leverage sounds pretty terrible if this shadow banking system made up of **hedge funds, pension funds and insurance companies**, including State Street, were to collapse. (Not even a month ago, [the SEC allowed the OCC to tap pension funds and insurance companies for unlimited liquidity](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/).) + +[\[pg 6\]](https://preview.redd.it/02yahots09q91.png?width=1704&format=png&auto=webp&s=c3f71a990551c8e3a0d18eb4f0b095cbc8458b55) + +So this working paper estimated a "churning" value to represent how many times an asset was re-used. + +[\[pg 9\]](https://preview.redd.it/kwrsmnfu09q91.png?width=1684&format=png&auto=webp&s=30bdd6ebb5e4acc4af99d1e781971b8a394e42ed) + +This working paper estimated a **churning factor of 4, though it could be higher.** + +[\[pg 12\]](https://preview.redd.it/y08y04rv09q91.png?width=1666&format=png&auto=webp&s=9bbcfc9f243fc9aeb362f04fc990303e5832b1be) + +[\[pg 12\]](https://preview.redd.it/wc9bpgvw09q91.png?width=1660&format=png&auto=webp&s=7bebccfc8ac5fb68aa8e55afad8dfdf10ab51898) + +If we apply the 4x churn factor to our 137M shares, there may be an extra **548M** **unaccounted for off-balance sheet** **shares** in circulation. Considering GME currently has 304M shares outstanding, that's potentially 1.8x the shares outstanding in extra liquidity *added in the 16 months between May 2021 to Sept 2022* that should be soaked up at some point. (That number only looks worse for the shorts if you consider the float and free float.) + +# Shares Going Around 10x? + +We also got some interesting news this morning that popcorn might sell up to 425M preferred (🦧). 🦧 is interesting because, upon its release late Aug 22 2022, there were many halts and 43M shares Failed To Deliver on T+2 Aug 24, 2022 (look on Chart Exchange, search 🦧 and then choose to view Failure to Deliver). + +Why offer to sell up to 425M 🦧 shares if only 43M shares Failed to Deliver? If shorts need to buy 425M shares to close out, then the 10x differential here implies the churn factor is indeed higher than 4x (as the paper above suspected) and could actually be closer to **10x**. + +If we apply a 10x churn factor to our 137M shares, there may be an extra **1,370M** **unaccounted for off-balance sheet** **shares** in circulation. Considering GME currently has 304M shares outstanding, that's potentially 4.5x the shares outstanding in extra liquidity *added in the 16 months between May 2021 to Sept 2022* that should be soaked up at some point. (Again, that number only looks worse for the shorts if you consider the float and free float.) + +For the approx 16 months between May 27, 2021 To Sept 21, 2022, 137M shares printed & borrowed: + +* A **4x** churn factor could yield **\~548M shares** of excess liquidity. +* A **10x** churn factor could yield **\~1,370M (1.37B) shares** of excess liquidity. + +# TADR + +* We can estimate there are up to **\~137M shares printed & borrowed** during just the \~16 months between May 2021 to Sept 2022 based only on borrow data from Interactive Brokers. +* A 2010 IMF Working Paper estimated a **4x churn factor** around the end of 2007 suggesting that each share may be counted as held as many as 4 times which requires it to be short sold 4 times. The authors noted that the actual churn factor could be higher. +* News today suggests the churn factor may be as high as **10x**. +* The estimated **137M shares printed & borrowed**, with a churn factor of **4x** to **10x**, could result in anywhere from **548M to 1,370M shares of excess GME stock liquidity** injected into the market. + +Sorry, Automod being annoying as hell with this post. Adding images once I can get text approved. + +EDIT: Added images. Sorry a bunch of links defining terms had to get removed. Automod annoying. + +EDIT 2: I want to emphasize that this is just looking at ***new shares since last summer*** which is *in addition to* the previous 226% short interest. +1: https://ibb.co/nwP2HQ + +2: https://ibb.co/c1VbcQ + +3: https://ibb.co/coNYP5 + +4: https://ibb.co/dUSNHQ + +I received some private messages recently from some people on this board who were essentially saying "EXPLAIN YOURSELF!" in that I use Oanda despite them being a Dealing Desk aka "money maker". I honestly did not have an answer for them. I could not explain myself. So instead of trying to explain it to them and everyone else I just posted the conversation I had with Oanda. I'm posting for everyone's education. Make your own judgement, I have made mine. Enjoy + +EDIT: INB4 "YOUR A SCHILL" NO DUDES IM NOT SCHILLING FOR THIS GUYS. I HAVE NOTHING TO DO WITH THEM IN ANYWAY. I JUST TRADE USING THEIR PLATFORM. THATS IT +Trading is literally just a game and your gain or loss is a score. Anything more than the most caveman level analysis is basically pointless. It has lag spikes and glitches and freezes. Big banks are just server hosts. Your 12 page long theory doesn't work. Just play the game and get better. +Peter Rizun (head BU dev): + +"To have a fee market with no block size limit you need Bitcoin's inflation rate to be nonzero" + +http://np.reddit.com/r/btc/comments/61a4uk/to_have_a_fee_market_with_no_block_size_limite/ + +"I don't believe a fixed supply is a central property of Bitcoin." + +https://i.supload.com/r1pdI_mDg.jpg + +Roger Ver has also said that he is okay with the risk of bitcoin becoming paypal 2.0 + +I think if this was more widely known there would be much less support. +I guess I have a bad habit of comparing myself to others and not realizing often enough that people will post only their best trades...but here goes. I've been pretty diligent about putting away 10% into my 401k and $6000 into my Roth IRA for the past 3-4 years. I have nearly my annual salary saved in my 401k + Roth IRA and an additional $15k in taxable accounts. + +But it feels like I could have gotten bigger gains and had a more comfortable life if I had embraced more risk. I've read enough finance/investing book to know that it can be very difficult to outperform the market and anytime I think about choosing a stock it just feels like I'm speculating. + +Any advice? Should I just stick with the slow-and-steady index stocks or is it worth trying to learn more about picking stocks? +influencers shilling shitcoins is nothing new, but it's gotten to a point where i really just cant deal with their scumminess. i'm not sure if my reports actually do anything, but every time i see someone pushing some shitcoin saying that "let's go to the moon!!" or "growing like crazy, get on it now!", i click the extra steps on every single one of their stories to report as a scam. a bit petty, but fuck these people for contributing to rug pulls. + +not sure if it would violate any rules, but i also wouldn't be opposed to creating a list of accounts that are known to shill - there should be consequences for being a con artist. + +Edit: holy hell, I logged back in and this got more of a response than I expected. thank you, kind strangers for the upvotes and awards! + +Because of this response, I plan on combing through these comments and, when I have some free time, figure out the best way to create a shill shame resource for the community. While my singular reports may not achieve much except to briefly calm my rage, perhaps if more of my crypto comrades join in the cause, we might see some change. +My wife makes 1800 a month and I make 4000 a month. We have 2 children and our expenses are as follows. We both put about 6% into 401k which I already subtracted + +Mortgage: 1450 (including pmi, taxes, and interest) + +Car payments: 550 for both vehicles + +Student loans: 600 between us + +Utilities (gas electric): 260 total + +Phone (cell) and internet: 220 total + +This leaves us roughly 2000-2400 a month for gas, groceries, ect. Our pay is sometimes more depending on our hours. + +Writing this out it doesn't seem horrible but my constant anxiety is causing issues. I'm cheap and my daughter wants to do nationals volleyball which is 2k to get into it and then traveling to places like Florida and Wisconsin for 4-5 days at a time atleast 5 times throughout the year. (We live in Illinois). She did regionals last year and got accepted to do nationals because she is doing so well. One of the parents said the Florida trip costs about 3-4k alone for travel, hotel and food. Another said they have spent well over 10k this year on nationals volleyball all things added up. + + My wife isn't nearly as reserved as I am with money but she is always on my side when I get this way. However, I am realizing I am causing issues stressing about it on a daily basis and losing sleep thinking about adding volleyball travel to the list. + +We got new cars in 2020 and I wouldn't go over 20k for each so we got Hyundai's which have actually been great cars. I couldn't imagine spending 30k on a car + +Thank you for your advice +Hi everyone, + +I hope you're well! I'm a long-time lurker, first time poster here on Aus Finance. My name is Nicole and I'm a student and researcher at Harvard University. I'm currently looking into the early withdrawal of superannuation period from March-December 2020 and am fascinated by the reasons why people withdrew. I personally have next to nothing in my super and often forget that it even exists, so didn't withdraw anything. + +As a result, I thought I'd reach out to you - the people! For those of you who withdrew your super, why did you withdraw? Any input you could give would be thoroughly appreciated! +My grandfather who lives on day-trading said I was stupid. My dad said I was stupid. My brother said I was stupid. My own wife even said I was stupid for throwing money at GME. If I was really stupid, I might be tempted to take the measly gains I currently have. + +But I'm not stupid. I'm a goddamned ape. So no amount of "advice" from people I respect or manipulation from the powers that be are going to convince me that these shares are worth anything less than the destruction of the hedge funds, clearing house, banks, etc. that are plunging us into yet another economic crisis. My shares are worth no less than millions a piece. And my shares are worth a future where I'm not afraid of being able to have and support children. + +Finally, to those that shorted GameStop: +Fuck you. Pay me. +My father (who has spent his life working in banking/accounting) set up a premium bonds account for me when I was born. I think he originally deposited something like \~£20,000. I am now 21 and the account value is exactly £25,000. This is in-line with the measly premium bond average ROI of \~1%. + +Exactly 1 year ago I began trading on Trading212 using my personal savings of £3,000. I have since grown this portfolio around 300%, namely by making a few (fairly lucky) pennystock trades - one of of which ended up returning >1000%. I am well aware that market conditions this year have been abnormally bullish and that I have been lucky to achieve this return. Likewise, I do not expect to achieve anywhere near this ROI going forwards. But I am now in a position where the growth of my premium bonds account is depressingly negligible in comparison. Moreover a bit of 'napkin maths' would suggest that in real terms, inflation has actually reduced the value of my bonds account by almost half or \~£12,000. + +Given I now have some experience trading and investing, and I am in a position where I don't really need this money in the short term and have always thought I would hold onto my bonds - I am now considering beginning a S&S ISA and liquidating and transferring some (if not, most) of my bonds over to an ISA to invest for the long term. **My questions to you is whether or not anybody actually holds premium bonds?** **Has anybody ever won a decent sum through premium bonds?** A quick google search tells me that they are an increasingly popular investment vehicle - but I can't figure out why given that you are statistically unlikely to achieve >1% interest and are therefore experiencing negative interest after inflation. My search also tells me that bonds are better for larger accounts because I theoretically have a greater chance at winning the bigger prizes. Has anybody with a similar sized account ever won any of these big prizes? I don't recall ever winning a draw >£50 personally. + +I guess I'm just not entirely sure why my dad, who is so well versed in the world of global finance chose to be so risk averse in letting £20,000 create negative interest in a bonds account for 21 years. Just looking at the SPY chart since 1999, an investment of £20,000, equal to about \~$30,000 at the time would've bought 225.5 shares of SPY. This would be worth \~$99,000 or £72,500 today. Quite an astonishing difference. + +Ps. I hope not to sound ungrateful in this post. I am aware how privileged I am to have been essentially be gifted £25,000 by my parents. It's just that only recently I have considered bonds as investments and how best to invest my money for the future. Thanks for any responses. +On 12/8/2021 during GME's Q3 report, they shared with us that 5 million shares had been DRS'ed. The DRS bot on that date was 1,035,073 shares. That means for every share in the DRS bot, there were 4.83 actual DRS shares per GME's Q3 report (5M / 1.035M). As of this post, the DRS bot shows 1,865,697. If we multiple the latest DRS bot shares by the 4.83, then we get 9,012,393 shares. + +This means we are unofficially the biggest baddest motherfucker in this GME game. Even bigger than Papa Cohen (9M), bigger than fucking Vanguard ([5.9M](https://fintel.io/so/us/gme)) and Blackrock (5.1M). + +We started as little fish sperms, and now we are the fucking whale is this ocean. These numbers are based on a very conservative estimate as GME's DRS number for Q3 was cutoff on 10/30/2021. There's good reasons to believe the DRS number for Q4 when they report in March 2022 will be much higher. That means we will evolve to become the fucking ocean that all these other fishes, whales, and sharks swim in. And there's no stopping there, eventually this shit will turn into a black hole that swallows the entire financial market. Keep DRS'ing and power to the players bitches! +People believe that Tesla is more of a Tech Company since their Battery Platform can be used and replicated for other applications. Also Tesla has done excellent software integration in their cars and are developing their own Self-Driving System. + +Do you see any Indian Auto Maker going the same path of integrating software heavily into their upcoming EV and end up being valued higher in the market like Tesla? +I'm new to the market and I was just browsing when I came across this mutual fund- PGIM India Emerging Markets Equity Fund but I'm a little perplexed by the contradictory return data on this fund. + +So, the return data on this fund shows 25%, 11% and 12% annualised return for 1, 3 and 5 years respectively. (Source A1 and A2 below) + +But the strange thing is the underlying fund i.e., PGIM Jennison Emerging Markets Equity Fund has been performing spectacularly giving 46%, 26% and 21% annualised return for 1, 3 and 5 years respectively and has been top 1 percentile performer in its category. (Source B1 and B2 below) + +As per my very rudimentary understanding the returns of FoF schemes is very very closely linked to the underlying scheme so can anyone help me in understanding this difference. TER on FoF scheme is 1.24 (includes the expense ratio of underlying fund) so that shouldn’t make up for this huge difference. + +EDIT- I have confirmed that 1.24 TER of FoF includes the ER of underlying fund, so that's not the case for the difference in returns. The gap remains a mystery still. + +EDIT 2- Thanks to u/NamitNasih for pointing out that earlier the fund was investing in Pramerica Euro SICAV Equity and last year changed the underlying fund to PGIM Jennison Emerging Markets Equity so that's the reason of difference in returns. + +Also if anyone has information regarding the TER of this fund please clear the confusion surrounding it. The performance sheet from PGIM site clearly states that "Total Expense Ratio (1.24 ) for PGIM India Emerging Markets Equity Fund and PGIM India Global Equity Opportunities Fund is inclusive of expense of the underlying fund." (Source C1) but some other redditors have pointed out that it may be exclusive of ER of undlying fund and u/InterestinglyScarce pointed out some consfusing data on amfiindia website (Source C2, Fill in all details with fund category as 'Other funds' and sub category as 'FoF Overseas') + +EDIT 3- I'm told that AMFI only shows the ER of FoF (1.69 for regular/0.49 for direct) excluding the ER of underlying fund, so the TER of 1.24 for direct as displayed on PGIM India excel sheet (Source C1) must be inclusive of the ER of underlying fund. + +Thanks to everyone including u/NamitNasih, u/InterestinglyScarce and u/garlak63 for helping me out. + +Sources- +A1- [https://www.moneycontrol.com/mutual-funds/nav/pgim-india-emerging-markets-equity-fund-direct-plan/returns/MDE504](https://www.moneycontrol.com/mutual-funds/nav/pgim-india-emerging-markets-equity-fund-direct-plan/returns/MDE504) +A2- [https://www.pgimindiamf.com/docs/default-source/funds/sid---pgim-india-emerging-markets-equity-fund.pdf?sfvrsn=8a65bfec\_0](https://www.pgimindiamf.com/docs/default-source/funds/sid---pgim-india-emerging-markets-equity-fund.pdf?sfvrsn=8a65bfec_0) +B1- [https://www.morningstar.com/funds/xnas/pdeax/performance](https://www.morningstar.com/funds/xnas/pdeax/performance) +B2- [https://www.pgim.com/investments/mutual-funds/pgim-jennison-emerging-markets-equity-opportunities-fund](https://www.pgim.com/investments/mutual-funds/pgim-jennison-emerging-markets-equity-opportunities-fund) +C1- https://www.pgimindiamf.com/docs/default-source/documents/monthly-dashboard/scheme-dashboard-performance.xlsx +C2-https://www.amfiindia.com/ter-of-mf-schemes +My wife and I are planning to do a lump sum into Boglehead style investment (or kind of Dragon Portfolio) vehicle and keep investing little every month and forget for 20 years. What is the best way to go forward. + +\---------------------------------- + +Domestic: + +1. Nifty 50 - Nippon Nifty 50 BeES - 20% +2. Next 50 - Nippon Junior BeES - 20% +3. Midcap 150 - Motilal Oswal Nifty Midcap 150 Index - 10% + +Foreign + +1. S&P500 or NASDAQ 100 - Motilal Oswal S&P 500 Index mutual fund (or) MOst shares Nasdaq 100 ETF - 20% + +Debt + +1. Bharat Bond April 2033 - 10% or should I make it Nippon India Liquid BeES + +Real Estate + +1. Embassy Parks/Mindspace REIT - Don't know how to choose. - 10% + +Gold + +1. Gold ETF: Nippon India Gold BeES or Quantum Half gold ETF - 10% + +\-------------------------------------- + +So, I tried doing these ETFs on Small case, I found that they charge 2.5% of my money which is ridiculous. Does anyone completely understand what small case charges are? What are the one-time and recurring charges for a custom small case? + +Then I noticed that I had only NASDAQ 100 ETF, it feels like a sectarian bet and not a broad market index fund, so, I thought maybe MO S&P 500, as it is a mutual fund and doesn't have any hidden charges as it is not FOF. If I move to mutual funds, it is comfortable to buy in round figures and manage the monthly proportions, but I'm worried about higher TER. But, mutual funds have a easier SIP option. + +If I move back to ETFs in a demat account and compromise on S&P 500, I can manually buy all the ETFs as a Zerodha Bucket order but, it looks like I'd have to recalculate every month the proportions. I can probably automate it in Google Sheets (my most likely option now) + +\----------------- + +Is there a way I can automate most of the tasks and sleep peacefully for 20 years not worrying about SIP every month and only be able to rebalance year after year after some 5 years when I have a sizable corpus. I'll not most likely not sell anything for first 5 years for rebalancing. Which way should I go? Any changes in the portfolio selected recommended? +I'm still learning the basics of investment but my interest inclines towards value investing. I don't want to get in the market for a quick buck but I want to own companies which will give maximum returns to their stock holders directly (ie. in terms of dividends). So, which are some of the robust companies who have a good track record of keeping their investors happy? +Almost all the posts now-a-days here have PPFAS or Quantum's funds being promoted. I am not sure if they are in good faith or if there is any cult following of these funds which are overlooking their negatives. I was concerned and had written the following somewhere else and thought of copy-pasting here: + +==== + +PPFAS has some very good points going for it like skin in the game, low churn in stock positions, ability to invest in other countries, no pressure to continue investing when markets are hot, good frequent investor communication through youtube videos, bias towards value investing and not rushing after the next big thing following Late Parag Parikh’s philosophy. I hope other mutual fund houses also follow these. + +&#x200B; + +But what troubles me is the so called experience of their analysts. In one AGM youtube video, they introduced them in the end and all looked very very young. Fund manager does have maturity and market experience. But then we are depending on him 100% taking into account all his biases. So there is a huge keyman risk here. I hope the fund does well but if I were a MF investor, I would put some part and not all of my funds into this fund. Maybe we can argue that keyman risk is there for all good fund managers. So maybe it makes sense to diversify across fund houses / across fund managers. + +&#x200B; + +The MF continued with their earlier PMS positions like Noida Toll, Maharashtra Scooters. Noida Toll turned out to be a dud which is ok since some positions will. But what bothers me is they continued holding onto it and justifying their position till the end. Same with Mahindra Holidays. I did not know about IBM position and timing of it but looks like they tried to clone WB and got out since he also got out. + +&#x200B; + +Their CAGR for 1,3,5 year is 5.72%,13.66%,13.02% respectively. Its more or less the same as the category (Multi cap) performance. But I am surprised to see this not so impressive performance despite the the hype like value, overseas investing, long term etc. + +==== + +I would recommend to diversify across at least 2-3 fund houses like Mirae, Axis. And not go solely with PPFAS, Quantum. +People believe that Tesla is more of a Tech Company since their Battery Platform can be used and replicated for other applications. Also Tesla has done excellent software integration in their cars and are developing their own Self-Driving System. + +Do you see any Indian Auto Maker going the same path of integrating software heavily into their upcoming EV and end up being valued higher in the market like Tesla? +I'm still learning the basics of investment but my interest inclines towards value investing. I don't want to get in the market for a quick buck but I want to own companies which will give maximum returns to their stock holders directly (ie. in terms of dividends). So, which are some of the robust companies who have a good track record of keeping their investors happy? +Note: This post assumes that you are a hands-off investor have long term horizons, and are looking to at bare minimum beat inflation through indirect investments. + +When you are SIP'ing, you are either: + +1. Are investing a portion of your monthly income, and don't have any cash pools to put in +2. Have a fuckton of cash but are too scared to go all in at once. + +In category 2 there are two subcategories: + +1. Your SIPs are set at putting in more money than you earn in the given period (eg. earning 2lpm and investing 2.5lpm, with a 40 lakh in cash to support said investment), so you will join category 1 after the 40 lakh corpus is fully paid in +2. Your SIPs are set at investing less money than you earn every month, in which case your lump sum actually increases in value so the whole point of investing to grow money more than inflation becomes moot. + +So we can assume given the long term horizon that you are a category 1 investor and the other categories/subcategories can safely be discounted. + +Now if you follow the simple principle of keeping your regular expenses money separate and an emergency pool of cash for tough times, then your SIPs are unaffected until you are laid off. + +However what I find rather strange is when people generate a separate "top-up" pool to invest in the market during tough times. This is essentially timing the market when you are not actively engaged in reading the market. + +If your primary investment vehicle is a mutual fund, you are subject to EOD prices and very much vulnerable to upswings or downswings. Today is a textbook example. If you had expected the market crash yesterday to lead to more panic today, then your buy would have been more expensive today than it would have been at yesterday's EOD prices, even though the early morning circuit breaker event would have prompted you to go "cheap cheap cheap!". + +Not to mention, you would have lost all of the upside that you would have gained just investing this extra cash. A black swan event wouldn't be permanent, and your fund manager's job would be to rebalance the portfolio according to the rules of the fund. At best you could say that the FM's strategy sucks. So the unrealised losses you would be looking at wouldn't be permanent. Your periodic investment anyway would have contributed to averaging down the rupee cost. + +Now of course, if you're like most people then your variable expenses can differ quite a bit from month to month. This means your emergency pool might be more than your targeted amount after a year or two. Spending that extra money absolutely makes sense. But it will be a miniscule amount. +Last week I found myself shopping for health insurance for the first time. For half a decade I had relied on company insurance. In this post, I list the process I used to come to my choice, and end with a request for reviews of the insurer I chose. Some of this might be repeated elsewhere on the sub, but bear with me in the interest of making this comprehensive. + +I started with the sub's wiki and decided that anything I chose should minimally have these features: + +1. **No room sub-limit:** Some insurers cap the amount they will cover for room charges and if you exceed that amount, you pay out of pocket. This problem is exacerbated by the fact that hospitals charge different rates for the same procedure based on the type of room you are admitted to. So, if your insurer caps room limit, it will also only cover procedure costs associated with that tier of room. For more details, see [this](https://www.reddit.com/r/IndiaInvestments/comments/2h3r0a/how_to_buy_a_health_insurance_policy_steps_and/ckp7ie2/). +2. **No co-pay:** Co-pay is the percentage of the final claim that you pay out of pocket while the insurer covers the rest. With zero copay, you pay nothing and insurance covers all eligible costs. No co-pay means that, in theory, you can have a cashless hospitalisation. I say 'in theory' because some costs might not be covered by your plan and you might have to pay. +3. **Restore benefit:** This is when a plan reinstates your basic cover if you exhaust it within a policy year. This only works for unrelated claims. +4. **No-claim bonus:** Some insurers reward you for not making any claims in a year by increasing your coverage the following year. This is not a must-have but a nice-to-have feature given high medical inflation. + +Next, I had to decide whether to buy individual policies for my spouse and me, or buy a floater plan. Talking to one of the mods on the Discord chatroom, I realised that floater plans make sense if the individuals in the plan are of the same risk profile, since the company uses the oldest person in the plan to calculate premiums. That said, I was told that some people can only get coverage as part of some other proposer's coverage. Since my partner and I are both the same age and risk profile, a floater plan helps save money. This [Freefincal article](https://freefincal.com/how-to-buy-mediclaim-health-insurance-policy/) recommends individual policies though. + +With this criteria, I headed over to [CoverFox.com](https://CoverFox.com) and [PolicyBazaar.com](https://PolicyBazaar.com) to screen plans. I found that PolicyBazaar offers more plans and gives more details about those plans. CoverFox gave some contextual information such as PIN-code based area network hospitals. + +After making a shortlist based on plans that met the criteria, I checked LiveMint's Mediclaim Ratings for the last three years (they weren't available further back). I was checking to see which insurers from my shortlist were consistently at the top or near it. + +[2016](https://www.livemint.com/Object/0uBaFXsC78XAU0QqF2BusL/mint-mediclaim-ratings.html) +[2017](https://www.livemint.com/Object/1XhvIv1t7ce1r1WiQ4BoyJ/mediclaimrating-2017.html) +[2018](https://www.livemint.com/mintmediratings2018) + +After all this, it came down to either Royal Sundaram Lifeline or Apollo Munich Easy Health Standard. The difference in premiums for comparable offerings from both these insurers is 25-30% with Apollo Munich being the more expensive one. They have both claimed the top spot in the Livemint rankings. + +I am tending towards buying Royal Sundaram because the premium is lower and they have more network hospitals in my city. My review request is this: + +* Are there any qualitative/experiential factors about Royal Sundaram that are not captured by this process? +* Has anyone used Royal Sundaram insurance, and if so, what has been your experience? If you've made a claim, how easy was it to process? +* Is there anything that you think I've missed out on that will help with this decision? +Sometimes canceling a sip is not enough to stop an upcoming sip transaction within 10-15 days. + +Would I get charged any penalty amount if I cancel a SIP and delete the URN from my bank account and the SIP transaction still tries to go through. + +&#x200B; + +The reason I am confused is that because a failed ECS transaction due to low balance attracts a penalty. Not sure if the above scenario will count as the same. Any help appreciated. + +&#x200B; + +Edit: On further look OTM are driven via NACH and ECS is a completely different mechanism but no mention about penalties. +https://www.bloomberg.com/news/articles/2022-02-08/cathie-wood-dumps-142-million-of-twitter-stock-before-earnings + +Cathie Wood stepped up selling of social media platform Twitter Inc. shares days before its earnings. + +Wood’s firm ARK Investment Management LLC sold nearly 4 million Twitter shares on Monday, the most in one day since at least May, according to trading data from ARK compiled by Bloomberg. The social-media company is set to announce its earnings on Thursday. + +Wood’s flagship ARK Innovation ETF dumped 3.66 million shares of Twitter on Monday, while the ARK Next Generation Internet ETF sold more than 280,000 shares, according to the asset manager’s daily trading updates. That amounted to about $142 million based on Monday’s closing level. + +The selling comes amid a mixed set of results from its social-media peers. Facebook’s parent Meta Platforms Inc. suffered biggest one-day crash in stock-market history last week as its user base stopped growing while Snap Inc. jumped most ever after giving a quarterly sales forecast that topped Wall Street’s projections. + +ARK has been selling Twitter shares almost every week since late December and its sales have picked up pace this month. Apart from Monday, ARK sold more than 2 million shares of Twitter on Feb. 3 and more than 700,000 shares on Feb. 2. + +The firm’s daily trading updates show only active decisions by the management team and do not include creation or redemption activity caused by investor flows. Wood’s oft-repeated mantra is that ARK invests with at least a five-year time horizon, and that volatility in their equity picks is expected. + +ARK’s flagship fund has struggled in the past year after advancing nearly 150% in 2020, after investors started dumping pricey tech stocks and switching to cyclical firms expected to be bigger beneficiaries of an economic recovery. +I understand that many love SCHD in here...but as a young investor its rather expensive atm. As well as I don't know how much its gonna grow in terms of capital appreciation. I do love it ofc, but DIVO seemed better to me. Both have a constant monthly pay out and consistent in its dividends. What do you all think? If you could choose one which one would it be? +Good day, fellow Investors. + +Today we are taking a look at 3M. + + +The tickers are. + +&#x200B; + +|US|UK|Germany| +|:-|:-|:-| +|MMM|MMM|MMM| + +LOL + +3m was founded, in 1902 and was a mining Company. However 119 years later, its a bluechip Dividendking located in the Industrial-sector, that employes almost 95000 people. + +3M has over 50000 products in their portfolio, wich are based on 25000 patents. These products are split between sectors: + +&#x200B; + +|Industrialproducts|Electronic |Healthcareproducts|Consumerproducts| +|:-|:-|:-|:-| +|abrasivs, adhesives,cleaning, fire-protectionsystems and many more|connectionsystems, optical components etc.|ortopedics, surgery, fans etc. |postits, filters, projetors, | +|34,4% |25,8%|24,3%|15,6% | +|11,8billion$|8,8billion$|8,3billion$|5,3billion$| + +This is split between Location: + +&#x200B; + +|US|13,9Billion$| +|:-|:-| +|Europe|6,1Billion$| +|Asia Pacific|6,01Billion$| +|China|3,5Billion$| +|Americas |2,63Billion$| + +&#x200B; + +next table please in USD: + +&#x200B; + +|Total Revenue 2020|32,184billion | +|:-|:-| +|Net- Income 2020|5,384billion| +|Free Cashflow 2020|13billion| +|Cash End of Period |4,63billion | +|Dividend per share 2020|5,88 not billion | +|Long Term Debt |17,989billion| + +Those are some fancy Numbers right there. + +In the last 5 years, there wasnt much Revenue Growth. The profit was growing with just 1,6%. + +So there isnt much Growth going on at all. + +Taking a look at the, long term dept and the operating Income we get a Creditworthiness of 2,52. + +Long Term debt to Equity is 1,4. + +Total debt to Equity is 2,68. + +&#x200B; + +So far so ok, lets take a look at the 2,92% Dividend and see how save they are. + +3M is paying Dividends for 63 years. + +The Dividend was growing with 7,28% per year, over the last 5 years. + +Payoutratio is 60%, wich is good IMO. + +&#x200B; + +MY Thoughts on 3M. + +Im buying them on Monthly bases, because its a boring Company, not much Volatility and overall not much going on. With over 25000 patents i know, they are inventive and this gives me some safety. + +I have enough Growth in my Portfolio, IMO this is a defensive Titel, with a solid yield. + +The management looks, ok too. However i do wish that they would stop the sharebuybacks and pay down some debt for at least 2 years. But thats just me, debt makes me always unconftible(is this spelled right?) , even if its just a Penny. I know with debt u can write off some things. AS i said its just me. + +So im looking forward, on the next 119 years with 3M in my portfolio. + +As always Guys, critisism is very welcome. + +What should i change for the next Company or is everything ok ? Should i add something ? + +Do your own research, this is no financial advice. + +Have a nice day, happy investing, adios +After reading Get Rich with Dividends two years ago, I have been building and trying to perfect a dividend growth portfolio in my Roth IRA. I recently performed a 401k rollover and have $13k to invest. + +The goal, set it and forget it with an additional $500 a month for couple etfs or individual stocks. I have been contemplating JEPI, SCHD, VTI and DGRO. After trying multiple individual stocks, I found it hard to start a significant snowball effect. This strategy seems sound to me but I can’t help but feel I am overlooking opportunities of dividends in a tax-free account. + +Are there aspects I am overlooking? Any tips for dividends in a tax-free account? +Of course every stock has risk involved with it, but at least in my head dividend aristocrats are almost guaranteed money. Well of course the way T is going they are about to lose their 35 year dividend increasing status. Which is just crazy to me. It also got me thinking about I wonder what other companies in time also lost their aristocrat status at one point. +I know I know, he has been head of the SEC since February 2021, nearly 2 full years ago now. + +I know that you are disappointed that he didn’t shut down dark pools. + +I know that you feel nobody is fighting corner. + +But you know who else is disappointed by him and want his head? + +Exhibit 1: Virtu - market maker +Virtu CEO Doug Cifu is “alarmed” by the SEC’s effort to overhaul stock trading. + +[Source](https://www.bloomberg.com/news/articles/2022-11-03/virtu-ceo-criticizes-sec-efforts-to-overhaul-stock-trading-rules) + +In fact, Virtu is suing the SEC: https://www.reuters.com/business/virtu-sues-us-sec-securities-regulator-over-records-request-2022-11-29/ + +Exhibit 2: Citadel - market maker +Citadel’s head of execution Joseph Mecane just did an interview on Bloomberg TV where he said that he doesn’t want the SEC to “take apart” what they built over the years. + +[Source](https://youtu.be/jV14L5k1vzc) + + + + +I must be honest, I have not read the 1600 pages of legal jargon associated with the changes that the SEC wants to bring forward but I know one thing, the enemy of my enemies are my friends. + + +Je suis Gensler. +**Good morning, here's my gap watch list:** + +**Gap Ups:** AMZN, APHA, BEKE, CLNE, CLVR, CPRI, CRON, CRSR, DGNR, ENLV, MJ, SLS, SMG, SNE, + +SPOT, TLRY, VNE, WB, ZGNX + +**Gap Downs:** ABMD, GSK, JAZZ, SPWR, X + +**Outlook/Game Plan:** The market grinds on. Spy filled the gap that it left from last Wednesday pre market. Many stocks are looking tired/extended. Small caps/biotech and weed are on the move. Not much is interesting me on the side of day trading. Earnings season and hardly any reactions so far. Focus today will be on stocks with volume and solid daily patterns. Will be very selective today with what trade if I even decide to trade at all. Good luck out there. + +&#x200B; + +\**I do not add stocks under $5 to this list. If there is a stock that is under $5 here then it was above $5 when I added it*\* + +*\*This is not my full watch List\** +I’ve got 3 brokers with personal account managers for each. But one of them phones me a lot. She’s really friendly and she often comments on my trades. “Saw you caught a nice swing on Gold Futures this morning”. + +She is super friendly and we chat about other stuff other than trading and I don’t want to offend….. But every trade I take on this broker I feel like I’m being watched. I second guess the more risky trades. It’s a bit like having someone watching me while I’m fucking. + +This is definitely having an impact on the trades I take with this broker. I don’t know why it brothers me so much. + +Are any HNW account managers on this sub? What exactly do you see on your screens? I’m guessing you’ve got hundreds of personal clients why do I feel so singled out like I’m being constantly watched? +“Don’t fight the Fed.” That mantra is repeated as fact amongst almost every market participant across the globe (other than Davey Day Trader, who doesn’t know what a central bank is). Based off of that logic, one could reasonably assume that the Fed and Jerome Powell are the reasons for this recent market rally. All of WSB is bullish, and you can’t go more than four posts on WSB without seeing some exhausted money printer meme or a pro-Powell love fest. After a week of reading economic research papers nonstop, I think I have stumbled into something that the market and the Fed won’t see until it is too late to stop. + +Full disclosure: I am not an expert and this post should not be construed as anything other than my opinions and theories. This will be an extremely long and conceptual post (with a lot of references to research papers) that focuses more on economics than any financial analysis. It is not hard to understand, but be prepared to read. + +**Fed Reaction to Coronavirus** + +The Fed’s reaction to coronavirus was extremely quick. After seeing what worked to stop the financial crisis in 2008, the Fed used the same playbook. Lower rates to near zero, buy treasuries (quantitative easing), buy mortgage backed securities, cut the reserve ratio to 0%. That playbook didn’t work though, the market kept selling off though. The Fed then did something unprecedented, they started buying corporate bond ETFs. They only bought high grade corporate bonds at first, but quickly realized that they had to buy junk bonds in order to keep the corporate bond market stabilized. Recently, the Fed [quietly announced](https://www.reuters.com/article/us-usa-fed-mainstreet/fed-eases-terms-of-main-street-loans-tells-banks-to-start-disbursing-idUSKBN23F2N8) a ramp up of their Main Street lending program, along with guaranteeing 95% of the loans instead of a range of 85-95%. This implies, to me, that banks don’t want to give out loans unless the Fed backstops them more. That will become important later in this post. + +The Fed has also been buying commercial mortgage backed securities. These CMBSs are facing [extremely high levels of delinquency](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/cmbs-delinquencies-climb-in-may-with-hotels-and-retail-faring-worst-58714661). According to that article, 7.6% of all CMBS loans are delinquent as of May, along with 19.3% of hotel loans and 10% of retail loans. A [whistleblower report](https://www.propublica.org/article/whistleblower-wall-street-has-engaged-in-widespread-manipulation-of-mortgage-funds) indicates that the loans in these securities did not go through much scrutiny and could be massively overpriced as well. These assets are so toxic that the Fed [won’t even take that many of them](https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/agency-commercial-mortgage-backed-securities/agency-commercial-mortgage-backed-securities-operations). In fact, the Fed has quietly [reduced their asset purchases](https://i.imgur.com/zlMFwbr.jpg) since the last week of March. This is just background information so I can explain what the Fed has been doing to the market so people can stop attributing the rally to Jerome Powell. + +**Reasons For the Rally** + +Now that I have explained what the Fed has been doing, I want to explain the reasons for this rally. This rally is driven by retail. How? Delta hedging. Some of you know about delta hedging, but for those who don’t I will explain a quick summary. A retail investors buys a call from a market maker. That market maker, being more risk averse than we are accustomed to, doesn’t like to sell naked options so the market maker will buy enough shares to become delta neutral. That means that as the call they sold goes up in price, they have shares that will cover most or all of their losses. Options are highly leveraged instruments, which is important because it gives retail the leverage that they need to get market makers to pump the market for them. + +The important thing is that the analysts and value investors that are crediting the Fed for this rally don’t understand the options market as well as degenerates like us do. Retail has been [piling in](https://i.imgur.com/xuzFRSw.jpg) to the stock market at an astounding rate, especially into everyone’s favorite [broker](https://i.imgur.com/mNve5Mu.jpg). This data is as of the beginning of May and I suspect it’s a hell of a lot higher. + +Bloomberg published some more up to date data recently regarding small option traders buying calls. Take a look at [the graph](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ixvGtK3QI_Aw/v0/1400x-1.png) for yourself, it has gone parabolic. The [Bloomberg article](https://www.bloomberg.com/news/articles/2020-06-09/speculative-fervor-in-u-s-stocks-surges-to-stunning-levels) states, “Traders established fresh bullish positions last week by buying 35.6 million new call options on equities, according to Sundial founder Jason Goepfert. That’s up from a peak of 28.7 million in February, when speculative activity was rampant, he wrote in a note Monday.” The volume from small options traders is estimated to be 50% in that same article, the highest since 2000. Google Trends for [“how to trade options”](https://i.imgur.com/6nf8LTw.png) and [“robinhood trade options”](https://i.imgur.com/4NJwVfh.png) have gone parabolic recently as well. The put/call ratio across all equities is also at [historic lows](https://c.stockcharts.com/c-sc/sc?s=%24CPCE&p=D&b=5&g=1&i=p77530317141), indicating a mass wave of euphoria and a lack of hedges. + +After seeing all of this, it is clear to me that this is a retail driven bubble and not driven by the Fed after April. Where is retail getting the money for this? The answer lies in the [savings rate](https://fred.stlouisfed.org/series/PSAVERT). According to the Fed, the savings rate “is calculated as the ratio of personal saving to DPI. Personal saving is equal to personal income less personal outlays and personal taxes; it may generally be viewed as the portion of personal income that is used either to provide funds to capital markets or to invest in real assets such as residences.” As you can see in the graph, the savings rate is now significantly higher than it has ever been before, coming in at 33%. This means that consumers are not spending money, they are saving or investing it. Consumers are also paying down [credit card debt](https://fred.stlouisfed.org/series/TOTALSL) at much higher rates than anticipated. In the month of April, consumer credit had the [largest decrease since tracking began in 1968](https://eyeonhousing.org/2020/06/april-consumer-credit-indicates-recovery-challenges/). Remember the data in this paragraph, I’m going to refer to it later in regards to deflation. + +**Effects of Quantitative Easing** + +Before talking more about the bubble, I am going to outline some data that shows the impact of QE on our economy since 2008 up until now. + +The main effect of low interest rates along with quantitative easing is an increase in the money supply. You can see that increase [here](https://fred.stlouisfed.org/series/M2). Typically throughout history, an expansion in the money supply has lead to an increase in the inflation rate. That [has not happened](https://fred.stlouisfed.org/series/FPCPITOTLZGUSA), the Fed has struggled to hit the target inflation rate since the crisis. With such an increase in the money supply, hyperinflation is stopped by the velocity at which the money moves. In 2006, Ben Bernanke noticed this phenomenon, [stating](https://www.nytimes.com/2006/11/10/business/worldbusiness/10iht-fed.3490493.html), “the empirical relationship between money growth and variables such as inflation and nominal output growth has continued to be unstable.” A recent [research paper](https://ideas.repec.org/a/eee/ecolet/v182y2019icp23-25.html) has also found a significant positive correlation between wealth inequality and monetary growth. + +Velocity of money is defined by the Fed as: “the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy.” This velocity has been trending downward in a big way since 2008 (and before), not just in the US but everywhere. Velocity of the M2 money supply in the US broke through the previous low (tracking started in 1960) by 2012. Velocity is now [significantly lower](https://fred.stlouisfed.org/series/M2V). M2 velocity includes bank reserves though, so let’s take a look at the [velocity of M1](https://fred.stlouisfed.org/series/M1V) (which is physical currency and checking account deposits). [Demand deposits](https://fred.stlouisfed.org/series/WDDNS) (checking account balances) have been exploding since 2008, with another massive jump starting in March. This means that cash is not being used and not adding to consumer prices or any economic productivity. I believe all of this to be an effect of QE and a prolonged period of low rates. + +**Liquidity Trap** + +There has been a safe asset shortage since the advent of QE, as central banks of developed economies accumulate safe government bonds and US treasuries. This has lead to a shortage of safe assets, driving prices up and yields down artificially. Ricardo Caballero, an MIT economist, said [this](https://pubs.aeaweb.org/doi/pdf/10.1257/jep.31.3.29) (warning: PDF) in 2017: “The ongoing pressures driving the imbalance in safe asset markets has in recent decades helped to drive the steady decline in interest rates on safe assets. However, interest rates on these assets cannot fall much further. When the equilibrium full-employment interest rate needs to be negative, but cannot adjust sufficiently downward, then (other things equal) the equilibrating mechanism is an endogenous decline in safe asset demand through a reduction in aggregate income and wealth. That is, equilibrium is achieved through recession.” At the end of 2019, the Fed owned [36% of all US treasuries](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/funding-covid-19-debt-splurge-risks-the-independence-of-major-central-banks-58610836), with that number only set to increase after their open market operations this year. of April 21st, central banks around the world have bought [5 times](https://markets.businessinsider.com/news/stocks/central-banks-buy-trillion-financial-assets-g7-march-federal-reserve-2020-4-1029113160) the value of treasuries as they did in 2008. + +This shortage of safe assets has pushed yields down and made it so that banks have no desire to make loans to decrease their reserves. Take a look at the [excess reserves](https://fred.stlouisfed.org/series/EXCSRESNS) banks have been holding. Since the 2008 crisis, excess reserves have exploded. This means that the bank is sitting on cash that they are doing nothing with. The common belief is that lending goes up as rates go down, since banks have to make more loans in order to sustain the same amount of profit. However, the data does not show that to be the case since the introduction of QE. The key thing that I have noticed in regards to excess returns and loans is that banks do not want to make loans at these low yields, possibly due to the massive unpriced systemic risk of our debt bubble popping. In Q1 2020, banks tightened their loan standards at a rate [comparable to 2008](https://www.barrons.com/articles/banks-are-tightening-lending-standards-like-it-was-2008-again-51588881348). + +A liquidity trap is created when low interest rates are low and consumers and institutions decide to save money instead of investing in low yielding bonds. The Fed started paying banks a [small risk free interest rate](https://fred.stlouisfed.org/series/IOER) in 2008, which moves along with the Fed funds rate. I theorize that the shortage of safe assets and low interest rates has gone past the “reversal rate” and accommodative monetary policy has become contractionary. In these uncertain times, banks would rather collect the small guaranteed risk free interest rate instead of introducing their balance sheets to any more risk, especially underpriced risk. The Fed believes that they are stimulating lending by cutting rates to 0. However, banks appear to not want to make non-guaranteed loans and instead are content to sit on their excess reserves. This means that the expansion of the monetary supply is not working as intended and that the money sitting in bank reserves is becoming contractionary. If loans aren’t being made and that money isn’t being spent, then that money may as well not exist in the money supply at all. According to a [Princeton economist](https://scholar.princeton.edu/sites/default/files/markus/files/25b_reversalrate.pdf) (PDF), quantitative easing raises this reversal interest rate and should only be done after rate cuts are exhausted. This means that the Fed could be unknowingly contracting the money supply, even though it appears that they are massively expanding it on paper. + +**Deflation** + +Deflation occurs when institutions and individuals don’t spend their money in the real economy, whether by purchasing goods/services or making loans to businesses. The Fed’s [deflation probability](https://fred.stlouisfed.org/series/STLPPMDEF), which is the possibility that personal consumption expenditures price index change will go below 0 in the next 12 months, spiked from .001 in January to .763 in May. The [probability](https://fred.stlouisfed.org/series/STLPPM) that we have inflation over 2.5% over the next 12 months has crashed down to .002 as of last month. As shown in the data above, consumers aren’t spending and banks are stockpiling their reserves. This is deflationary and will lead to lower prices, lower corporate earnings, and lower asset prices. + +As mentioned in the data further up in the post, consumer credit dropped at a much quicker rate than expected, even with projections taking coronavirus into account. Economists expected consumer credit to fall by [$14 billion](https://www.marketwatch.com/story/us-consumer-credit-plummets-in-april-as-credit-card-use-tumbles-by-record-amount-2020-06-05) in April, but it fell by $68.8 billion instead. This was the largest one month drop in consumer borrowing since 1943. The core consumer price index (CPI) also [missed expectations](https://www.cnbc.com/2020/06/10/us-consumer-price-index-may-2020.html) of a 0-0.1% jump, instead falling by 0.1% for last month. This came after April was the largest drop (-0.4%) on record since data started in 1957. + +According to [research from the Netherlands central bank](https://ideas.repec.org/a/eee/ecosys/v42y2018i1p45-63.html) (PDF), QE encourages risk taking by market participants and creates asset pricing bubbles. We are seeing bubbles across all asset classes thanks to the levels of debt in the economy (the stock market being an example). We even see debt bubbles too, like the $9 trillion of [corporate debt](https://www.cnbc.com/2018/11/21/theres-a-9-trillion-corporate-debt-bomb-bubbling-in-the-us-economy.html) (as of 2018) which help fuel these asset bubbles. The research from the Netherlands central bank also shows that asset bubbles popping are worth -4% inflation. An asset price bubble does not signal inflation either. I have picked out some quotes from the researcher that show QE might be leading to deflation: + +>Overall, the results suggest that the signaling value of asset prices for inflation is weak and unstable, implying that while QE is effective in boosting asset prices – one of the main transmission channels of QE − higher asset prices may not always lead to higher inflation. High asset prices may even precede a low inflation regime. For policymakers this is useful information because, based on the outcome of our models, one cannot presume that QE by definition leads to higher inflation. + +>If […] a surge in asset prices is not supported by real economic developments and therefore becomes unsustainable at some stage, the subsequent asset price collapse may cause a recession. +>While central banks intend to raise inflation by purchasing government bonds to reduce bond yields, our results indicate that this policy can have the opposite effect on inflation. + +**Conclusion: The Fake V-Shaped Recovery** + +I conclude after doing this research, that there is no chance of a V-shaped recovery in the economy, despite what the market is signaling. I believe that we are about to enter into a massive deflation cycle that is being assisted inadvertently by the Fed’s policy of QE and the near 0% interest rates. Consumer credit is contracting and banks are stashing extra reserves, meaning that the real money supply is contracting. Default risk on commercial mortgage backed securities, corporate bonds (thanks to lower earnings), and other forms of debt will continue to rise as the economic effects of coronavirus and monetary policy undertaken by the Fed continue to be revealed. Defaults will rise even more if we get prolonged and sustained deflation as the weight of our debt crushes our financial system. I believe that, due to the historically high levels of retail activity in the market, it will crash soon as well. The wealth inequality effect of QE (which Powell denies the existence of) will make it increasingly harder for the economy to recover. + +All of these things will feed off of each other as we get further into a deflationary cycle. It will be very difficult, if not impossible, for the Fed to get out of this crisis when we get into it. Deflation is rare historically and makes monetary policy ineffective, it is a central bank’s worst nightmare. Deflation will dry up economic activity and cause us to go into a depression which will be difficult to get out of. + +**tl;dr**: Powell thinks he is injecting money into the economy but it really isn’t going anywhere, the stock market is in a bubble that will pop very soon, corporate bond and CMBS default rates will increase over the coming year, deflation will make debt a heavier burden and cash more valuable, the Fed is powerless to stop it. Our economy enters a deflationary cycle that will be hard to get out of, until the bank reserves find their way into the real economy. + +I’ve spent a very long time researching this stuff but I am not an expert in economics or monetary policy, just another idiot on WSB. I look forward to seeing any discussion or disagreement with the ideas that I have discussed. +Okay just did a ton of research… I have $3k to spend tomorrow and I kind of want to invest in the metaverse at a low entry that still hasn’t had a huge run up for some nice ROI (I know that means more risk…). The bullet list is what I'm thinking… what do you guys think? How would you invest it? + +Once most of these games release, they prob will have another run up huh? Then they will all consolidate/rise long term based on what people actually enjoy playing. + +I’m looking at going all in on **ROSE** and **SAND**. Rose.. They just partnered with Facebook/Meta yesterday. It's on KuCoin. + +Also, even though the narrative is around metaverse, what projects are actually looking to be used in VR? I know VRChat is another popular metaverse but isn’t on the blockchain to invest in. + +* **MANA / DECENTRALAND** \- The obvious leader in a decentralized metaverse, I’d say like the bitcoin equivalent. +* **SANDBOX** \- Prob a better play now for ROI, the ethereum equivalent. Brands buying virtual real estate here. It’s still only 2.6 billion in market cap compared to MANA’s 5 billion market cap. Lots of room to grow still yeah? +* **OASIS/ROSE** \- They just announced their partnership with Facebook/Meta. Their name is also the same Oasis from Ready Player One... +* **NTVRK** \- Just went through the dip a bit… You can buy space, land, ads, nfts, staking. Focus on virtual reality and augmented reality. They’re not just focused in the game side version of metaverse but the roadmap extends into virtual and augmented reality where the metaverse will start evolving into. MANA is only 2D. +* **CUBE** \- Metaverse that actually has VR capabilities. +* **WILDER WORLD** \- Graphics look dope. The price does seem extremely volatile. Not yet released. +* **STAR ATLAS** \- High budget looking space exploration game. Not yet released. Built on Solana… could have a nice run up. +* **GALA** \- They create blockchain games. Still only 7 cents. Price is moving slow. +* **ILLUVIUM** \- Built on the ethereum blockchain. Turned based game. Not yet released. +* **MVI** \- A metaverse index with a bunch of metaverse based projects. Seems like the safest investment. Slow and steady. +* **RNDR** \- Graphics engine built for the metaverse. +* **BLOK** \- Cyberpunk skyscraper. Still not released. Graphics look a bit meh… It’s highest was 16 cents and been on a downtrend since then. +* **REDFOX** \- Just went through a big dip so it has a good entry price right now. Possible potential for gains. +* **ENJ** \- Could be the safest long term play. Might not have the momentum for gains anymore though. Fundamentally it’ll be useful for centralized and decentralized games to create NFTS. Less niche and more longer play. +* **SHIRYO INU** \- Fantasy NFT trading card game. Super early entry. Fractions of a cent. +* **MERIT CIRCLE** \- Partnering with Illuvium, Star Atlas, and Axie Infinity. Seems like it could be vital for gaming and play to earn. +* **UFO** \- Fractions of a cent.. not yet super accessible to buy. Community owned. +* **VRA** \- Currently 7 cents, could hit 25 cents? +* **OVR** \- Mapping the real world virtually that you can scan the world with your phone. +* **METAHERO** \- Trending on Tiktok. Another thing that scans real world objects. +* **KALAO** \- Avalanches metaverse. + +Where do you guys think the metaverse narrative is going? I think there will be that high budget metaverse that Meta/Facebook is creating, but there might be a group of people that would prefer a decentrilized/community made version of that like Decentraland (MANA) and The Sandbox (SAND).I think some people will think this metaverse is something you need to live in from an outside perspective but in reality it really isn't. Personally VR for me has been about games; where if something dope comes out, I'll play that game till it's done like if I were playing it on a flat screen and then I'm done. Entertainment for the moment rather than living for it. + +Isn't metaverse just basically what VRChat is? I think the metaverse will basically make Facebook more "present" than posting a status which is "passive". But beyond that stage, what if the metaverse evolves into something that is functional and day to day where it dissolves into the background of your daily routine through augmented reality? Once it gets to a point where you can wear Ray Bans and people don't know you're connected to the augmented reality metaverse seems like the next level. + +Going about your day you usually do but with a holographic layer so the real world integrates with the metaverse with the internet of things. What if it gets to a point where you can close your glasses for full immersion (VR) and then open your glasses for AR? + +*edit update* I went all in on sand and rose. Pretty happy with my bags, so I’m ready to take off. Lfg. 🚀 +I've been following this sub since around the start of 2020 and it really gave me the kick up the a** that I needed to get my life sorted out. From the end of Jan 2020 I was £22,000 in debt, consisted of 3 credit cards, a loan, car lease with a year remaining, an overdraft on current account and a sole trader current account with an overdraft. I got paid this week and I have finally paid the remainder of my credit card off and I am now completely debt free for the first time since I was 18 (now 29). This is now a huge weight off my shoulders and I am happy to be debt free, but at the same time I wish I had done this years ago or in fact just never gotten into this situation in the first place. + +&nbsp; + + +I am in an extremely fortunate and lucky position where I still live at home so very little outgoings and there is unlimited overtime available at work and it is a very secure job. I have used this opportunity to pay my debt off and now I am going to use the opportunity to save for a deposit as I would like to move out as quickly as possible... which now brings me new worries regarding being able to get a mortgage due to my credit history and my salary. + +&nbsp; + + +As mentioned I am very lucky that there is unlimited overtime available at work (time and half) and I predict that I should have a 20% deposit saved up by around May / June next year. I am looking to buy an apartment for around £110,000 give or take a few grand. + +&nbsp; + + +My salary is £21,000. I've done all my outgoings / budget on a spreadsheet (based on monthly take home pay of basic salary, no overtime etc) and based on a mortgage of £88,000 over 35 years @ 1.4% for the first two year. I should be left with around £350 spare per month, it may be more depending how much I spend on food and fuel. The concern is the stress test if interest rates jump up to 6/7%. I would have around £50 per month spare after everything. Would this be a good reason to decline me for a mortgage? + +&nbsp; + + +Secondly is my terrible credit history. My score is actually 'Excellent' on Experian but I know this doesn't count for anything. I have missed payments that date back to 2017. From Aug 2017 to May 2018 I was 1 month behind on car lease payments so every month in between has been marked down as a missed payment. From Nov 2018 to Dec 2019 my sole trader cashplus account was in arrears (a whole other story) so every single month has been marked as missed payment. The last missed payment on my credit file is Dec 2019. + +&nbsp; + + +Now taking into account everything I have said, how likely is it that I will be offered a mortgage around May / June next year? Is it realistic to think I will be able to get one? +**Download link at bottom** + +*I think the previous post was deleted due to an external link to a product and not enough TL;DR, I'm not shilling anything just trying to make a point that there's actual companies and people analyzing this stuff. So here's a repost with removed links and added rambling opinion piece* + +# Track record so far + +**On Monday Morning 3/8** + +>My question is how does this new data compare to previous data? Has the number needed to be covered gone up or down compared to previous numbers? Kinda need to know that to make decisions......UP + +[https://www.reddit.com/r/wallstreetbets/comments/m0eeav/optimize\_your\_stimmy\_gme\_gamma\_squeeze\_calculator/gq7cmn1?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/m0eeav/optimize_your_stimmy_gme_gamma_squeeze_calculator/gq7cmn1?utm_source=share&utm_medium=web2x&context=3) + +$GME +92% 3/12 EOW + +**On Friday Evening 3/12** + +***"$GME DD, Friday OPEX 3/12 post mortem, WARNING Gamma decrease"*** + +[https://www.reddit.com/r/wallstreetbets/comments/m3zh49/gme\_dd\_friday\_opex\_312\_post\_mortem\_warning\_gamma/](https://www.reddit.com/r/wallstreetbets/comments/m3zh49/gme_dd_friday_opex_312_post_mortem_warning_gamma/) + +$GME -25% 3/19 EOW + +# Rambling OPINION PIECE, skip if you just want the calculator + +It's been two weeks with over 70% correlation between gamma and price. Can we now all agree that not withstanding all the other theories such as RH internalizing orders, citadel writing naked options, DTCC about to audit fake shares, 3/23 earnings blowout, VR+e-sports transformation, shorts over 100%; Gamma has been the main factor of the week to week price movement these past few weeks. I'm not saying those other theories are untrue, but they don't provide actionable intelligence for 🦍🦍🦍 to trade besides HODL, which at 0.7% shorts borrow rate might take a looong time. Furthermore, when institutions/whales do a short squeeze, they usually follow it up with recalling their loaned up shares, like what /u/MartinShkreli did with $KBIO, though he was able to do this effectively because he had control of >50% float thus able to coordinate the timing. + +Some important points + +1. Gamma/Delta goes both ways, it can amplify upward momentum but can also accelerate a downward spiral. +2. Delta Hedging is a continuous process. The moment you bought an option, within minutes MM bots will start delta hedging your options. They don't suddenly start to buy the hedge only when nearing ITM or Friday's close. +3. Buying options at specific strikes and expiries can give you 4-10X amount of share buying amplification compared to buying shares directly due to MMs delta hedging by buying the underlying shares. You may not need to buy options to trigger a gamma squeeze, provided the OI already supports it, a small price increment might be enough to tip it over. +4. Yes the IV is damn high at +300%, highest in the market in fact, making ATM and near OTM very expensive, but that doesn't mean it can't go higher. Ideally for a gamma squeeze we should start with low IV and ladder it up, however you play with the cards your dealt with. Ms Alexis Goldstein / u/dontfightthevol testified in congress that option probably contributed to most of the volatility [https://www.reddit.com/r/wallstreetbets/comments/m7h6uv/what\_was\_the\_footprint\_of\_institutional\_trading/](https://www.reddit.com/r/wallstreetbets/comments/m7h6uv/what_was_the_footprint_of_institutional_trading/) +5. Short Hedgies are using PUTS to short $GME, PUT/CALL ratio increase almost 10x on long dated expiries. Hedgies love to short because in trading as in life, failures occur much more frequently then successes. Thus it is way easier for hedgies to instigate a business collapse by publishing negative press, influencing creditors, and launching frivolous lawsuits against a business rather than trying to create success. +6. Make no mistake, this is a battle. It doesn't matter at this point if on earnings 3/23 GME announce new VR tech with e-sports or all 5,509 GameStop stores were to somehow spontaneously combust. All that matters is the buying vs selling amount and the max pain each side is willing to tolerate + +I believe if 🦍🦍🦍 understand the mechanics of a play, they would be more willing to commit their hard earned 🍌 to it, 🦍🦍🦍 together 💪 , 🦍🦍🦍 + 🧠 = mega 🍌🍌 🍌 + +&#x200B; + +# $GME Gamma Squeeze Calculator v8 + +This update contains a graph generator to visualize the total delta hedging vs underlying price and/or time decay, ***it includes 3,143 $GME options chain OI(Open Interest) up to 1/20/23 based on 3/19 closing data***. It aims to make a free retarded excel version of a Total Delta/Gamma Visualizer, frequently used by institutional traders + +The calculator calculates the net buy/sell needed to be performed by MMs given certain price movement and time assumptions. There are 5 sheets with the input parameters color coded in peach orange. Parameters include + +* Current Price +* Projected Price +* Time to Projected Price (The time in days you forecast the projected price will occur) +* Net MM%(to estimate how many % of the sold calls are written by MMs excluding covered calls/puts and theta gang spreads) +* Strike and Expiry filter to include/exclude option chains based on strike price and date + +The new graph simulator graph has the following controls + +https://preview.redd.it/s8fpj8ao8ho61.jpg?width=893&format=pjpg&auto=webp&s=bfd4cb30cb991751927cff5bfcadb601d2f6586e + +That allows you to visualize the total hedge graph vs price in constant time, so you can have an overall view what the total MM delta hedging is on different price levels based on current options OI. Clicking the simulate price button would generate the graph below. + +https://preview.redd.it/g7k5b0np8ho61.jpg?width=984&format=pjpg&auto=webp&s=c33983b49fe86702be4f41f95708aa23978e138a + +From the above we can glean information on how price effects total delta hedging, The call options generate positive delta hedge, while 🌈🐻 buying puts adds negative delta hedge. The total delta hedge converge with the puts delta hedge as price goes lower and vice versa converge with the calls delta hedge as price goes higher. It can be observed that If the price drops below $85, MMs will be net short, and further moves downward will be greatly amplified by the puts delta hedging. Thus the $85 is a level that theoretically should be defended by longs. + +By clicking the simulate time button, the simulator can also show the total hedge vs time decay in days in constant price + +https://preview.redd.it/zj8gtxdr8ho61.jpg?width=910&format=pjpg&auto=webp&s=9d278ba91a635a44a91cd209cb7d93b03bdc2571 + +From the graph, due to the current structure of $GME options OI, at its natural theta(time component of option greeks) decaying state, there will be a net SELL of stocks by MMs if price remains the same, leading to a downward pressure on the price. This decay is particular to High IV stocks with an option chain OI concentration of strikes above the current share price like $GME. There'll also be a significant drop as it passes the monthly expiry in 4/16, where a lot of options expire. + +To find witch strikes and expiries are responsible for the largest delta hedged shares, go to the OI sheet and click sort by hedge + +https://preview.redd.it/4bwwm5os8ho61.jpg?width=1317&format=pjpg&auto=webp&s=2c43f3a8aa8568ebace2de5f1fdf4e9cd114072a + +To find the biggest shorts delta, sort by hedge from smallest + +https://preview.redd.it/yb8j1jdu8ho61.jpg?width=1315&format=pjpg&auto=webp&s=a6495f3c8ea70a1a543a62a3d03bcda5cd75b3d8 + +You can use the index2 field to return the original sort order(strikes & expiries). + +To model what would happen if specific strikes and expiries increases in OI(Open Interest), go to the OI sheet and sort by amp factor. + +https://preview.redd.it/0dyp87px8ho61.jpg?width=1188&format=pjpg&auto=webp&s=fc5d8d545b179f9c790de3746f74bc3dd3b0a448 + +change the 445C 3/26 New OI from 67 to 10,067 + +https://preview.redd.it/5rxsyndz8ho61.jpg?width=1188&format=pjpg&auto=webp&s=6819b829b398d0244959845fa7914c9aa9fcfde4 + +You'll see the from the diff column, that 10,000 x 3.38 x(100 per contract) = 3.38 MM USD buy would trigger 106,620 net share buying by delta h\\edging MMs or about 21.3MM USD, giving amplification factor of 5.4X. If price were to rise, this amp factor would climb further due to positive gamma. Changes in the OI sheet will be reflected back in the Total Delta Hedge on the Cover Sheet and the Graphs. For the Graphs you'll need to run the simulation again to get updated results. + +On the topic of IV too high, as $GME currently has the highest IV in the market and about MMs ripping you off; Well it's actually a bit more nuanced then that. Here's a graph for Gamma Delta vs IV , assuming $200 underlying and 7 DTE. You can find it in the Delta/Gamma sheet of the excel macro. Use that sheet template to model Delta vs Gamma for different strikes and expiries. + +https://preview.redd.it/r74sn5ud9ho61.jpg?width=1160&format=pjpg&auto=webp&s=bae17addc9f5cf1d9c1dac73343fbb2847524f00 + +Gamma is not linear, depends on the underlying price and IV + +&#x200B; + +# Obligatory harebrained scheme + +If all 🦍🦍🦍 understand delta hedging/gamma, then a play like the following would be doable. + +*Disclaimer : I'm not actually telling 🦍🦍🦍 to do this, it's more of a what if scenario of what would happen if 🦍 did, as many users have pointed out that according to the media this may amount to market manipulation, and market manipulation is illegal if done by retail plebs, mkay... Only hedgies are allowed to do stuff like this and naked short a company to oblivion.* + +For this gamma play to work, the large short interest still needs to be true, then If you all can 💎🤲 , I suggest 🦍🦍🦍 wait until IV drops down a bit to <200%. So that the ATM and near OTM options will be a lot more affordable. When IV drops to below 200%, 🦍🦍🦍 can start building the ATM to NEAR OTM ladder, optimizing our strikes/expiries using the calculator. Why not just randomly pick near OTM price you ask ? $GME option chain have been so volatile that there were huge discrepancies in theoretical delta vs actual delta between the strikes. + +Summarizing, the steps are + +1. 💎🤲 your shares, because it's likely to drop next week +2. Wait for IV <200% +3. Use the calculator to calculate best ITM,ATM, near OTM strikes(depending on your risk tolerance) with largest delta/price ratio +4. Someone ~~post a call to action~~ do a Tarzan yell, if up vote is over the threshold buy amount needed, everybody goes all in, if not then better wait for another opportunity, no sense in wasting 🍌🍌🍌s. It takes ~~teamwork~~ *🦍🦍🦍* together or the play won't work +5. Watch price goes up end of week +6. Defend it by buying shares on Friday 2.45 PM, just ignore all the earlier price movement on that day and instead concentrate on the close, This is when MMs try to fix price to avoid max pain +7. Exercise if you have capital or if not, roll those calls to higher strikes +8. Witness short hedgies cry +9. Rinse and repeat for the following week, until the entire financial system collapse +10. Profit !!! + +&#x200B; + +**DOWNLOAD LINK** + +[https://drive.google.com/file/d/1TU0QNs8UOU5xQVoQE2oZvrumU5Ri2f66/view](https://drive.google.com/file/d/1TU0QNs8UOU5xQVoQE2oZvrumU5Ri2f66/view) + +**VIRUSTOTAL** + +https://preview.redd.it/yh6jf0y39ho61.jpg?width=1200&format=pjpg&auto=webp&s=18a209af57d8dfe3ab99726cd58eb6cca022d83d + +[https://www.virustotal.com/gui/file/95a19f596da18687d749de01850e695b189fbba894e8dfc7cb869d1cc04cd13d/detection](https://www.virustotal.com/gui/file/95a19f596da18687d749de01850e695b189fbba894e8dfc7cb869d1cc04cd13d/detection) + +Edit 1 : To be clear, the calc is saying gamma decrease next week, In the excel macro change projected price to 200 and projected days to 2(Monday from friday), you'll see a net sell of shares by MMS. I didn't want have the default template parameters to show red, cuz u know, morale. +Yeah, a repost from last year. People seemed to find it helpful. + + +For those that compute future SS benefits it is time to update the data in your formulas. I don't know if the various online tools are updated yet or not but I assume they will be soon. This data impacts how much your prior years wages are worth and how much of your contributions go into the 90%, 32%, and 15% buckets: + +[https://www.ssa.gov/OACT/COLA/piaformula.html](https://www.ssa.gov/OACT/COLA/piaformula.html) + +[https://www.ssa.gov/OACT/COLA/AWI.html#Series](https://www.ssa.gov/OACT/COLA/AWI.html#Series) + +&#x200B; + +Last year's comments: [https://www.reddit.com/r/financialindependence/comments/q7l9lm/psa\_the\_social\_security\_national\_average\_wage/](https://www.reddit.com/r/financialindependence/comments/q7l9lm/psa_the_social_security_national_average_wage/) +[Update to this Post](https://www.reddit.com/r/financialindependence/comments/8ejpq5/gov_guy_ready_to_fire_early_at_40_update/) + +Hello all, +I'm 40 yrs old, been working for the govt for the past 15 years, and have amassed a NW of $1.7 mil through a combination of real estate and stocks. + +For my FIRE plan which'll kick in next year, I plan to sell one of the houses and net $150K and add that to my stock portfolio of $670K, for a total of $820K. I'll keep the other houses which after expenses, provide a yearly cash flow of $20K. Assuming a 4% withdrawal, that'll give me $53K/yr to work with. I'll likely pick up an enjoyable side hustle (fixing cars, random carpentry, volunteer fire fighting, whatever) and earn $12k/yr from that, which'll give me $65K total. + +Once I hit 59.5, I'll be eligible to collect on my 401k/TSP, which with a 4% withdrawal, my income will jump to $113K. At 62, my deferred retirement will push me to $138K. + +So, in running the numbers and accounting for everthing, I feel like we have enough to be comfortable. Our yearly spending will likely hover around 62K/yr (we have 6 kids) but that's on a very relaxed budget. If we had to tighten it up, I'm certain we would be fine in the 40-45K range. + +All that said, the numbers look good, everything feels good, I'm currently building cash reserves, etc. As a sidenote, if I stick around for another 9 years, it's worth effectively $1.5 mil in pension and health care. I just don't think I have it in me anymore though, especially when I see that my numbers are looking pretty good. Do y'all agree that my numbers seem solid? If things get dire, I'm a hustler at heart and am pretty confident in my ability to make an extra $30k/yr (plus the wife could also work as she has a desirable degree that pays well). + +**What I'm not sure about is how do I draw down my stock account? Do I just sell across the board to get to my 4% per year? This is the only part that's somewhat hazy for me as I've never withdrawn, I've just always continuously invested and never withdrawn.** + +Thanks in advance for your advice and wisdom, I appreciate it all! + +Also, here's a budget to give you an idea of what we're looking at for retirement spending; + + +Housing, Taxes, Insurance (200K house) $10,000.00 + +Food $7,500.00 + +Car Insurance $2,000.00 + +House maintenance $2,500.00 + +Health Insurance $7,500.00 + +Utilities $2,200.00 + +Kids expenses $2,000.00 + +Car Maintenance $750.00 + +Phone plans $1,000.00 + +Internet $500.00 + +Holiday spending $750.00 + +Fuel $5,000.00 + +Entertainment/Vacations $5,000.00 + +College for kids $6,000.00 + +Hobbies $1,500.00 + +Business ventures for fun $1,500.00 + +Misc $2,500.00 + +Tithing $3,500.00 + +Total $61,700.00 + +1) Musk changed his Twitter profile picture to a bunch of Bored Apes. + +2) APE jumped up 20%. The news was spreading fast. People wanted to ride that train "to the moon." News articles started to emerge *"APE soared..." "Elon Musk changed his Twitter profile pic..." "Musk endorsed BAYC"*... + +2) Musk tweets: "I dunno... Seems pretty fungible to me." Perpetuating the idea that NFTs are essentially jpegs that anyone can make an unlimited amount of copies of. + +4) APE drops all the way back and keeps going. From this point, as usual, it may go up or down. + +If Elon gave the market several days before delivering his punchline, the results on APE FOMOers would have been catastrophic. + +What lesson can we learn from this? I dunno... Someone learned not to invest based on Elon's tweets today for sure. + +Btw, those articles still keep popping up... +1) Musk changed his Twitter profile picture to a bunch of Bored Apes. + +2) APE jumped up 20%. The news was spreading fast. People wanted to ride that train "to the moon." News articles started to emerge *"APE soared..." "Elon Musk changed his Twitter profile pic..." "Musk endorsed BAYC"*... + +2) Musk tweets: "I dunno... Seems pretty fungible to me." Perpetuating the idea that NFTs are essentially jpegs that anyone can make an unlimited amount of copies of. + +4) APE drops all the way back and keeps going. From this point, as usual, it may go up or down. + +If Elon gave the market several days before delivering his punchline, the results on APE FOMOers would have been catastrophic. + +What lesson can we learn from this? I dunno... Someone learned not to invest based on Elon's tweets today for sure. + +Btw, those articles still keep popping up... +How do you handle your healthcare in the US? We use a pediatric group office for the kids. Wife and I don’t have dedicated primary care doctors and it is been difficult finding good ones. + +It is frustrating and I feel like we can get more out of our healthcare but not sure how. We are willing to pay more if needed. + +Do you use a private doctor? If you are retired already what do you use for insurance and how do you ensure high quality healthcare? + +Edit: we use urgent cares for emergencies sometimes but find them ineffective and doctors often don’t diagnose and just do a bunch of tests and we still need another doctor visit the next day +Shilling BYE once again as it's my main holding. In the past fortnight Byron has seen a 40% increase. An announcement of the SM58 G2 drilling operations is expected in early-mid Septemeber with the likely prediction of 250% increase in barrels of oil produced per day. In the advent of this news sp will see a rerate of ~35 cents. + +Points to note : + +- [Gasoline and diesel demand in the US has made a full recovery. +Jet fuel demand hasn’t not fully recovered however it consists of only 10% of overall consumption.](https://imgur.com/a/CxMOGeZ) +- [US crude production is down 20% from Feb highs and after a brief rebound in June is now testing the lows again.](https://imgur.com/a/Vvd3e2K) +- [The total U.S. oil rig count has fallen from 680 rigs in Feb to 172 the lowest count since 2005.](https://imgur.com/a/0joprvc) + + +The macroeconomic picture suggests the domestic U.S. demand for Byron's oil will be strong notwithstanding a possible global recession/depression. US are drawing down a stock pile at a greater pace now with negative sentiment around geopolitical relations. Domestic US oil production, especially traditional high grade/low cost producers like BYE, will be protected and sought after. This set-up is extremely bullish for a very low cost ( >$10/b) conventional oil producer in the U.S. with a new platform about to triple production. + +[See my previous post here](https://www.reddit.com/r/ASX_Bets/comments/iaq1l6/byron_energy_asxbye_the_underdog/) +Disclaimer: Analysis I have written up for PNV. The DD may be biased as I am a holder with them making up 83% of my portfolio. Some studies from doctors and surgeons have been included at the bottom but a warning that they are very gruesome. + +**Polynovo Limited stock analysis PNV:ASX** + +**Introduction** + +Polynovo are a company with main business headquarters in Port Melbourne. They operate within the medical industry, developing and selling a synthetic Dermis repair mesh that is called Novosorb BTM (Biodegradable Temporizing Matrix). This technology is a thin foam that is stapled to patients where there have been instances of a damaged dermis. Initially surgeons predominantly used BTM for severe burns victims, however the flexibility is seeing the product being used much more widely in any instance where the dermis is damaged. The benefit of a synthetic product is that they are less susceptible to infection compared to biological products. Currently BTM is the only synthetic product on the market where competitors Integra (listed on NASDAQ) and Aroa Biosurgery (ARX:asx) are biological products. The first commercial sales of BTM occurred in 2017 and since then global expansion has been rapid with USA being the largest market. Polynovo have been rapidly expanding their sales force with the biggest team located in USA. + +Polynovo has had name changes in the past and were previously called Calzada who created the drugs used in the Essendon Football Club scandal. Since then, David Williams took the helm of the company in 2015 and Polynovo was born, with a complete change in management and direction. + +**Management of interest** + +**David Williams (Chairman)-** David has a somewhat cult following amongst some investors having successfully built up Tassal foods and Bega cheese. His philosophy is based on growing companies that have a solid product but lack financials to market and get the product out into the world. David is also involved in other ASX listed companies such as MVP, BD1 and RAC. + +**Director (currently finding a new one)-** Towards the end of 2021 Paul Brennan (earlier director) was asked to leave the company due to disagreements relating to how the business should be run. The company is currently searching globally for a new director, and it is expected there will be one 1Q 2022. See announcement [https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02466401-3A583691?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02466401-3A583691?access_token=83ff96335c2d45a094df02a206a39ff4) + +**Products and future products** + +**BTM-** This product is a very porous foam like material with a vinyl top that can be removed when the site is ready for a skin graft. The technology works by blood cells ‘moving into’ this temporary home when stapled to a patient due to its porous nature. At this stage, the cells will vascularize the wound for a period of 10-30-40 days, after which when the vinyl is removed, the site should have a healthy dermis ready for a skin graft. A healthy dermis facilitates a healthy skin graft. Further benefits are that after skin grafts, doctors have commented on better scar management and skin elasticity as opposed to other methods. + +Due to the synthetic nature of the product, BTM has a roughly 95% gross margin, making it very profitable. A A4 size of BTM costs in the realm of $5000AUD. This is currently the only product on sale from PNV. + +**Hernia repair-** This product has been delayed significantly and the announcement [https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02466401-3A583691?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02466401-3A583691?access_token=83ff96335c2d45a094df02a206a39ff4) suggests there are further delays. This product again uses the BTM technology which is applied across a hernia. The body will naturally grow into the mesh and completely fix the hernia. This is a benefit to current hernia operations where meshes may become lose or fail leading to further surgeries for the patient. This product is expected to be on market in 2023/24. This market is valued at $3.49b USD in 2020 [https://www.grandviewresearch.com/industry-analysis/hernia-repair-devices-market](https://www.grandviewresearch.com/industry-analysis/hernia-repair-devices-market) + +**Breast slings-** The breast sling is intended for breast reconstruction surgery whereby silicone implants can be placed in pouches made from a foam like material, much like BTM. The benefit is that implanting this pouch and silicone breast into the body together means the body will grow into the foam, completely sealing the implant from moving. This market is expected to be worth $863m USD in 2028.[https://www.globenewswire.com/news-release/2021/11/02/2325346/0/en/Breast-Reconstruction-Market-Globally-is-Anticipated-to-Foresee-a-CAGR-of-6-8-from-2021-2028-Reaching-the-Value-of-US-863-5-Million-by-2028-Accurize-Market-Research.html](https://www.globenewswire.com/news-release/2021/11/02/2325346/0/en/Breast-Reconstruction-Market-Globally-is-Anticipated-to-Foresee-a-CAGR-of-6-8-from-2021-2028-Reaching-the-Value-of-US-863-5-Million-by-2028-Accurize-Market-Research.html) + +**Treatment for Type 1 Diabetes-** This is the most interesting development being undertaken by another company using PNV’s BTM. The inventor of BTM has gone on to begin trying to cure T1D and first human trials have begun recently. It was proven successful on pigs. This development is still ways away and is being undertaken by Beta Cell Technologies. Polynovo are not financing any of this research at this stage. There is no cure for T1D and the global market is estimated to be $6.9b USD in 2024 [https://pharmaintelligence.informa.com/resources/product-content/sitecore/shell/\~/media/Informa-Shop-Window/Pharma/Files/PDFs/infographics/3543\_Datamonitor\_Type1\_diabetes\_Infographic.pdf](https://pharmaintelligence.informa.com/resources/product-content/sitecore/shell/~/media/Informa-Shop-Window/Pharma/Files/PDFs/infographics/3543_Datamonitor_Type1_diabetes_Infographic.pdf) + +**Sports medicine-** This area of research is a long way away however it has been mentioned that they are researching ways to treat sports injuries such as tendons and muscle tears. + +**Competitors** + +**Aroa Biosurgery (ARX:ASX)** Aroa are a NZ based company that listed mid 2020. Their product has the same application as polynovo’s BTM however it is a biologic product. Being made using sheep/goat intestine, the product has a higher risk of infection for patients which isn’t ideal. + +**Integra (IART:NASDAQ)** Integra are a well-established company but like Aroa, create a biologic product that is made using shark cartilage. Again this product has a higher risk of infection and is sold for a considerable amount more than BTM. + +**Avita medical (AVH:ASX)** + +Avita are NOT a competitor for PNV, and this discussion comes up often. AVH’s RECELL is like a spray on skin that is applied to a healthy dermis. It is a substitute for a skin graft in some instances. BTM and RECELL can be complimentary products, but they have different applications with BTM repairing the Dermis and RECELL the Epidermis. + +**Financial Analysis** + +Polynovo have a very high market cap compared to their revenue. At a near $1b marketcap at a share price of $1.53 with sales of circa $25.5m in FY20/21 (not including BARDA revenue), it can be hard to justify such a high market valuation given their measly revenues. The company just missed break-even last financial year and is expected to hover around break even as the company rapidly re-invests revenues to grow further and faster. However, a few years ago the chairman or director said back in 2019 or 18 that they expect to double revenues each year for the next 5 years. Obviously, these targets have not been met with covid although they did post a 33.3% increase in group revenue for the year. As per their last announcement OCT and NOV 2021 sales were up 133% on 2020, displaying that the company may be back on track for high growth. The chairman has also stated that they do have enough cash to operate although if a good investment opportunity presents itself there may be a need for a capital raise. + +I have done a NPV calculation for the next 11 years, based on a 10% discount rate, accounting for high growth. The growth is assumed to be 60% for FY21/22 with covid still around. The growth then rises to 80% per year for the next few years and starts tapering of down to 50% in 2032. This growth assumptions are based on the new products coming to market, boosting revenues. + +The calculated NPV is therefore \~$6b, giving a share-price of $9.17 if no further dilution occurs with 661,388,044 shares on issue. + +**What will cause the stock price to increase/Decrease?** + +The stock previously traded very high, based on expectations of high growth in revenues. If Polynovo can return to posting high growth numbers, investors’ confidence will shift. As previously mentioned, OCT and NOV sales were up 133% on 2020, an indication of sales staff being able to access more hospitals as covid had fewer impacts on global hospital systems. + +Announcement of a new director could cause a shift in the price upwards if they are of high calibre with good credential within experience within the industry PNV operates in. + +The stock is heavily reliant on it’s revenues. If covid continues to hamper sales staffs’ access to hospitals and push back surgeries, we can expect the share price to further decrease or trade sideways. + +**Summary** + +Polynovo is trading at near 1-year lows at $1.53. at the beginning of 2021, PNV was just over $4/share. The sharp decline can be attributed to the company posting a poor half year report where sales were not up to investors high growth expectations. The share has since seen a large, short interest of 7.42% as of today (shortman). The future is looking bright for PNV with their products being cheaper and more effective than competitors. If management can continue to operate and push the company in the right direction, there is no doubt that PNV can become a successful company + +studies from Polynovo's website: + +[https://polynovo.com/case-studies/](https://polynovo.com/case-studies/) +Repost 29-12-2020 + update 30-01-2021 + +While I was editing my post yesterday it was suddenly removed from r/pennystocks, and can't post it back, so post it here. In the link below, the valuable comments in the removed post can still be viewed. So here my DD repost from 1 month back who have missed it. + +[https://www.reddit.com/r/pennystocks/comments/kms1jw/best\_hidden\_undervalued\_penny\_stock\_to\_buy\_now/](https://www.reddit.com/r/pennystocks/comments/kms1jw/best_hidden_undervalued_penny_stock_to_buy_now/) + +&#x200B; + +https://preview.redd.it/2is4t6hashe61.png?width=1515&format=png&auto=webp&s=28b151d6bd148bace74ccb17790b4af1f740c5ba + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**<<Long post alert>>** + +Hello everyone. + +I think many of us already saw the performance of the OTC stock ALPP (Alpine 4 Technologies Ltd) (and many others as well). I have made some small profits of it but didn’t do my DD earlier, got it already 1 month on my watchlist and was a little bit late to step in. In October this stock was only around $0.05 and now surged past $3 in only a few months. I feel like I have missed this train so I did some research on the internet to catch the same train as ALPP and came Lake Resources NL (ASX:LKE, OTC: LLKKF) across. I did some DD and was quite positive about this company and I think it got potential in longer terms (they are still in the early stages) Same as ABML =) + +Currently, there is not much to find or to talk about this company on platforms like Reddit, Yahoo Finance, or Stocktwits, so I want to start to put it in a spotlight here to share my and your thoughts/opinions about this company and if it is worth it to invest in this stock. (of course, do your own DD before buying stocks) + +Summarized, why I think this stock has so much potential is because the technology they use will be a game-changer in the lithium mining world. It will **reduce the time** from brine extraction **from months/years to few hours!** It is **sustainable**, **low costs efficient**. It is backed by **Bill gates** and somewhere in a video I'm not sure, but I also heard the name **Jeff Bezos and Jack Ma?**. They own many lakes to operate in it. + +Their next milestone is waiting for the sample results they send to their partner Novonix (NVNXF). They will be given a PR soon about it, somewhere in February. + +Before I want to get into the company details, let me show you the current state/background of the lithium mining world. I collected some articles and put them together. (sources can be provided) + +*Most lithium is commercially produced from either the extraction of lithium-containing salts from underground brine reservoirs or the mining of lithium-containing rock, such as spodumene.* *Lithium production from clay sources* *is expected to become commercially viable, though perhaps not until 2022.* + +*Lithium is a metal commonly used in batteries like the rechargeable ones found in laptops, cellphones, and electric cars as well as in ceramics and glass. It is the lightest metal on Earth and is soft enough to be cut with a knife when in its elemental form.* + +*Demand has soared in recent years as carmakers move toward electric vehicles, as* *many countries including the UK, Sweden, the Netherlands, France, Norway and Canada* *announce a phase-out of combustion-engine cars. In fact,* *five times more lithium than is mined currently is going to be necessary to meet global climate targets by 2050*, according to the World Bank. + +*But there’s one big problem. Obtaining lithium by conventional means takes its own environmental toll, or rather three: carbon emissions, water and land.* + +*Lithium is currently sourced mainly from hard rock mines, such as those in Australia, or underground brine reservoirs below the surface of dried lake beds, mostly in Chile and Argentina. Hard rock mining – where the mineral is extracted from open pit mines and then roasted using fossil fuels – leaves scars in the landscape, requires a large amount of water and releases 15 tonnes of CO2 for every tonne of lithium, according to an analysis by the raw materials experts Minviro for the lithium and geothermal energy firm Vulcan Energy Resources. The other conventional option, extracting lithium from underground reservoirs, relies on even more water to extract the lithium – and it takes place in typically very water-scarce parts of the world, leading to indigenous communities questioning their sustainability.* + +*Extracting lithium from geothermal waters – found not just in Cornwall, but Germany and the US as well – has a tiny environmental footprint in comparison, including very low carbon emissions.* + +&#x200B; + +https://preview.redd.it/n4lh2h3wshe61.png?width=1515&format=png&auto=webp&s=f04cd49bfeb62ca96d7711b6b07aa92b45d79b09 + +*Geothermal brine is a hot, concentrated saline solution that has circulated through very hot rocks and become enriched with elements such as lithium, boron and potassium. In other words, the energy-intensive process of extracting lithium from solid rock is powered by naturally occurring geothermal energy. The brine in the Cornish mines has concentrations of up to 260 milligrams per litre, flowing at a rate of between 40-60 litres (8.1 to 13.7 gallons) per second. That works out as about enough lithium for a typical smartphone battery (2-3g) passing through the production process every few seconds, according to Cornish Lithium’s estimates.* + +*The demand for lithium with a lower environmental footprint appears to be gaining ground. There are signs car manufacturers including Mercedes-Benz and Volkswagen are starting to think about the environmental and social impact of their electric vehicle supply chain, says Alex Keynes, clean vehicles manager at Brussels-based campaign organisation Transport and Environment. Using lithium that is already in circulation – from recycled batteries and electronics – is preferable to mining more, says Keynes. “Given the enormous demand we’re likely to see over the coming years, \[it\] is going to mean we need some extraction, and recovering lithium from geothermal brine looks very promising,” says Keynes.* + +*The speed of lithium extraction from brine deposits could be significantly increased using a technique recently developed by an international team of scientists.* + +*The new filtration technique mimics the capabilities of living cells and has been tailored specifically to filter lithium ions in an “ultra-fast, one-directional and highly-selective manner”.* + +*According to the researchers, the technology — which remains in an early stage — could one day reduce lithium-from-brine extraction times from several months to just a matter of hours*\*.\* + +*They have said they are hopeful the technique will be able to provide “a clear roadmap for resource recovery”, as well as for other uses such as “low-energy water purification” — noting the particular* *benefit of greater lithium availability to “enabling electric vehicles and grid integration of renewable energy sources*\*”.\* + +*It is the* *latest in a series of lithium extraction technology breakthroughs*\*, as researchers around the world seek ways to make access to this increasingly-important mineral easier and more cost-effective.\* + +**The company** + +Lake Resources NL (ASX:LKE, OTC: LLKKF) is a clean lithium developer utilizing direct extraction technology for production of sustainable , high purity lithium from its flagship Kachi Project within the Lithium Triangle in Argentina among other projects covering 200,00 ha. This direct extraction method delivers a solution for two rising demands of electric vehicle batteries –high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials. + +1 Clean-Tech: Efficient, disruptive, cost-competitive technology using well-known water treatment re-engineered for lithium (not mining). Technology partner, Lilac Solutions Inc,supported by **Bill Gates** led Breakthrough Energy fund and MIT’s The Engine fund. + +2 High Purity: 99.97% purity lithium carbonate samples never previously delivered at scale in a cost competitive manner for a premium price(refer ASX announcement 9 January2020 and 20 October 2020) + +3 Sustainable /ESG: Far smaller environmental footprint than conventional methods, that returns virtually all water (brine) to its source without changing its chemistry, avoiding “water politics”in arid environments for a better outcome for local communities. + +4 Prime Location, Large Projects: Flagship Kachi project in prime location among low cost producers with a large lease holding (70,000 ha) and expandable resource (4.4 Mt LCE) of which only 20% is used for 25 years production at 25,500tpa(JORC Resource: Indicated1.0Mt, Inferred 3.4Mt, refer ASX announcement 27 November 2018). Pre-feasibility study by tier 1 engineering firm shows large, long-life low-cost operation(refer ASX announcement 28April2020) + +An innovative direct extraction technique, based on a well-used ion exchange water treatment method, has been tested for over 18 months in partnership with Lilac Solutions, with a pilot plant module in California operating on Kachi brines and has shown 80-90% recoveries. Battery quality lithium carbonate(99.97% purity)has been produced from Kachi brine samples with very low impurities (refer ASX announcement 20 October 2020). The first samples of high purity (99.97%purity) battery quality lithium carbonate is being tested in a NMC622 battery by Novonix. Hazen will produce further samples for downstream supply chain participants and off-takers. + +This method of producing high purity lithium can revolutionize and disrupt the battery materials supply industry as it’s scalable, low cost, and delivers a consistent product quality. + +[http://www.lakeresources.com.au/home](http://www.lakeresources.com.au/home) + +So far I figured out companies like Energy X and Vulcan Energy Resources having plans to commercialize this kind of technology. (all based in Europe) + +The stock of Vulcan Energy Resources already has been surged over the year, so will Lake Resources also act the same? + +&#x200B; + +&#x200B; + +https://preview.redd.it/n3vk1g23the61.png?width=775&format=png&auto=webp&s=57d9fb69124c641df1dbaf3dad6c34ccc44b6ee8 + +Right now I have some positions in Lake Resources NL (ASX:LKE, OTC: LLKKF), they are even doing more projects, see their website. They also stated on their website that their stock is undervalued and should be around $0,29 vs $0,06 now. + +Depending on your opinions and point of view I might add some more positions in the future. + +Let me know your thoughts. Let's discuss it in Yahoo finance or Stocktwits as well, it's empty in StockTwits (LLKKF) + +What do you think the worth/market cap of the stock in 1or 5 years? + +Go do your DD before you invest in something! + +On youtube, there are many things to find. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Update 30-01-2021 + +In the beginning, in Stocktwits we only have a few watchers in the room and it was dead. + +&#x200B; + +&#x200B; + +https://preview.redd.it/5zo6zb5hthe61.png?width=1918&format=png&auto=webp&s=1d774333d963b60f24c1c93abd1a91c9d0124cff + +Now we have reached this many!!! + +&#x200B; + +&#x200B; + +https://preview.redd.it/gjdpnv1othe61.png?width=849&format=png&auto=webp&s=43a2995ffc638908f20e02d5cfede26d094369dd + +Thanks all who joined. + +Now with the upcoming hype, I see some more videos on youtube about this potential stock/company. + +Here I also want to talk about the price target. + +I own shares on LKE.ASX so all prices I mention are in AUD. Just some simple math. Correct me if I'm wrong. They stated that they can produce 25.000-100.000 MT lithium annually when they built their plant. That will be around end of 2022? Revenue of 1 MT is around (non premium lithium)17.000 aud. 17.000x100.000 = 1,7B annual revenue. What makes their market cap around 15B. + +Current mc is 296m. 15000/296= 50,7x. Current share price x multiply (0,295 x 50,7) = \~$15. So around 2022-2024 a potential realistic share price could go to $15. This price may even go higher if their pure lithium can sell for a higher price and might be listing in the NASDAQ or maybe a merge, partner announcements, extension other lake projects? + +I expect it will go pass $0,50 after releasing sample results from Novonix. + +Be patience! + +&#x200B; + +&#x200B; + +https://preview.redd.it/t13g3q6qvhe61.png?width=948&format=png&auto=webp&s=7a87865ebb775e2464419b46340ddb6a6e8ef138 + +Vulcan energy resources with this similar kind of technology has surged pass 4 euro in a month since I mentioned in the DD above (ss on 23 dec). + +That is 7000% gains YTD ATH!! + +Will LKE act the same??? + +&#x200B; + +&#x200B; + +https://preview.redd.it/qaxzc3dpwhe61.png?width=781&format=png&auto=webp&s=967d9c52f1529a0a84766f22a3fe668aa8433901 + +Hope this post was informative for you. GLTA! + +Please don't invest in this stock if you are negative about it! + +And don't dump this stock, try to make the raise healthy +&#x200B; + +[Fucking clipart these days takes a while to de-advertise. Puts on shutterstock. ](https://preview.redd.it/j0zi1b806kv91.png?width=1600&format=png&auto=webp&s=f3e8bbd830895b15c78d82e5793372d2bd68b2e6) + +# Welcome dog owners! + +We've all got a dog or two in our portfolio's, but how well do you think you can pick them? +Finally! Pick a dog and be a winner! + +The game is simple. + +1. **Pick a dog.** +No duplicate dog stocks. First in best dressed or something. ASX stocks only. No options or other high shelf crayon shit. You don't have to be holding it. +2. The closing price this Friday will be entered as your starting price - I'll keep a spreadsheet using GoogleFinance - **Some stocks don't accurately report from GoogleFinance (DLC was one) -** if you pick one of those stocks... I'll be slightly agitated. +3. **WIN!** +At the end of the week, if your stock ends **Green** for that week - You are removed from the game. Bop Boop Beep ded. +The game will continue on until we have our ultimate dog. + +There will be a final podium with 3 winners. +**Gold:** The longest running dog picker (The winner) +**Silver:** The biggest dog (Dog with greatest loss percentage over tournament) +**Bronze:** The least doggy dog (Whoever ends with the most green) + + +The prize? **GLORY** (maybe more depending on my finances). +If we get enough entrants, maybe you can beg the mods to spice this up bans or some shit. Maybe u/plucky26 will be nice enough to give you a dog badge in your flair over in banned??? + + +Thanks to u/Delicious_Smell_9254, u/Megadrive65, u/AltruisticCurtains, and u/YouHeardTheMonkey for volunteering for the art. + + +NOW enter your dog below! + +#Edit: Anything currently in trade halt won't be accepted. Great move though. + +For fairness, stocks that don't move period for the week may get evicted - XST for example. + +#edit 2: Dead dogs don't race. Shares that don't move for the week are out. +**Market Overview** + Another day another dollar, gains come and go but Tacos on a Tuesday just cant get better. Today I learnt don’t spam refresh commsec if you should be sleeping, turns out Tom will still be there for you when you wake up! On better news the market did beautiful today and RIO results tomorrow in case you didn’t know. + **XJO up 0.50%** + +**Energy sector & Materials sector** + Energy tried to make up its losses from yesterday up 1.26% with OSH the only red down 0.51%. SOL was up 0.03% but they aren’t even energy? WPL, STO and ALD were all up over 1% though and leading the way was WOR up 3.89%. Oil stocks are so big brain and confusing, too much macro stuff going on. + Materials lighting up the market with a beautiful sea of green up 1.58%. The big 3 did very well, FMG up 1.57%, RIO 1.81% and BHP 2.79%. Red stonks were mainly from gold and LYC who were down 1.41% after their big rise yesterday on the quarterly, well done to anyone holding and getting some nice gains! BSL and OZL had a massive day to finish it all of up 6.4% and 6.53%. + +**Industrials & Health care** + Industrials having another mixed day up 0.22%. we had 5 red but 7 green with QAN out of all stocks leading the way up 1.96%, that’s something you rarely see. Besides that ALQ, CWY, AZJ, AIA, SVW and REH all finished above 1% which is even more rare..Taco Tuesday for Industrial large caps? + Health care not having a good day today either down 0.55% and it looks like last weeks gains will start to come back down this week. The only green was RHC up 0.08%, with FPH, ANN and EBO all finishing down over 2%, CSL tried not to do too much damage only down 0.21% thankfully for the ASX. + +**Consumer Discretionary + Staples** + STAPLES!! Starting today down 0.15% even though the large caps had 3 green and only 1 red stonk. EDV lead the way up 1.54% with COL up 0.23% and TWE up 0.51%. WOW decided it didn’t want to be apart of the team and were down 0.08% due to their excess supply of rotten A2M. + Discret also had a mixed day today down 0.33% with Crown absolutely shitting the bed and then some down 5.47% for the day…ouch! IEL was down 2.22% as I suspect its getting caught up in the China drama unfairly, but the stock has run extremely hard since $20 so still has a while to go before I consider it again. WES tried to flex its massive size but it turns out 0.03% isn’t enough to carry a sector, may be as big as Arnolds chest but couldn’t carry like the swimming coach’s celebration last night. + +**Financials and Technology** + Financials up 0.64% today with the banks doing great! Very rare to see financials just demolish most other sectors for a given day. We had NAB up 0.15%, WBC 0.69% LUL ANZ 0.87% and CBA 1.58%. For anyone looking at the banks as an investment I would be leaning towards ANZ or CBA to start your research, but if you want something with some humour you have MQG down 0.69% today LUL. + +Tech having a terrible month down 7.71% so far, but 0.98% for the day. CPU was the the major green up 0.81% and WTC was up 0.03%. APT being a devil almost down 1.66% but XRO wanting to win as always said I can do better, down 1.86%. Turns out tech is a volatile sector. + +**Communication services, Utilities & Real estate** + +Communications up 0.65% today on the back of TLS green 1.6% thanks to their customer service answering within the first hour of calling for once. SEK said nope and tried to bring it back down red 1.21% but still above that key $30 psychological level. + Utilities down 0.03% and could not survive the downwards pressure of MCY and IFT both down over 2% and MEZ down 1.96%. Interesting how the XJO outperformed the XAO today yet it feels like the large caps were the let down for quite a few sectors. + Real estate putting a real stamp on today up 0.49%. After yesterdays blood bath we had green from everyone except for DXS down 0.58%. GPT was up 1.73% in 2nd place. And CHC lead the way up 2.43% thanks to their buildings being higher than everyone else for today. + + +“Nothing exists except atoms and empty space; all else is mere opinion!” -Democritus (No idea who that is). But don’t get pulled down by other peoples opinions, trust yourself and treat yourself because its Taco Tuesday!!! +PLTR dropped quite a bit recently because of insider and early investor selloff. The first day they were allowed to sell was Thursday last week I believe. Anyway, insiders sold only a small portion of their holdings and it looks like a great buy. I just picked up 10 x May 21 $40C for $1.60. I don't know if it'll hit 40 but i think there will be a reversal pretty soon and i will be able to make a tidy profit. +There is a record gap between unemployment rate and available jobs. Also there are headlines that people quitting over low pay, Vaccination mandate, and etc. + +What I don't understand is how these people keep up with the bills? Cost of living at around 10% higher than last year. How can they afford being unemployed? + +Edit: I had one of the most constructive discussions on this post. Thanks everyone for their input and keeping the conversation on point and civilized. + +I am worried about ramifications of on going economy. While everything seems rosy, employers have to beg for job applicants and stimulus gave everyone good amount of saving. Something doesn't add up. I think we are in an uncharted territory where either cost of living will spiral out of control or we are going to have a crash in scales that never seen before. +&#x200B; + +https://preview.redd.it/ja36aqwffsu91.png?width=1080&format=png&auto=webp&s=371b4d7c939c5cffaa9a386fb9a8e1a76cc2a876 + +I wouldn't normally post this but I wanted to get ahead before someone posts more misinformation. + + +1. 17 Banks took part in this auction, and while Credit Suisse may have used it, we cannot confirm it. +2. When the FED to the Suisse Central Bank Dollar Swap appears on the NYFED website in a few days there's no need for 12 posts about it. +3. $11.09 Billion isn't enough for a "fEd bAiLeD oUt X". Honestly it just looks, sounds, and is ill-informed. This sub has a real problem with that. +4. Engaging in the Dollar auction isn't necessarily a bad thing. A bank in good standing can use the funds and lend to a bad bank and take advantage of the arbitrage opportunity. + +What this means: There is a Dollar shortage and several foreign banks needs Dollars. They are engaging in the Dollar auction from the Suisse National Bank. To get these Dollars the Suisse National bank engaged in a Dollar Swap with the Fed. + +Credit to EuroDollar University +I earn ~30k at 24, company puts in 9% and I have been putting in 9% on top by salary sacrifice. However I have read recently that the pension age keeps getting pushed back and I'm getting anxious I'm putting too much in for something I may never receive - should I reduce contributions? + +I'm aware of the half your age in percent rule for pensions, but I'm putting in more than that because my company already puts in a healthy proportion. I'm already filling up the 4k into the LISA, so the spare if I were to stop would go into a s&s ISA instead. + +Just wandering what other young professionals do and if anyone has any wisdom to share - cheers! +I am ALWAYS stressed about money to the point it’s negatively affecting my mental health. I am very depressed because of my poor finances. The bills keep piling up. I am in a mountain of debt and whatever I pay is only a tip of the iceberg. Is there anyway to feel better about this struggle? How do you guys cope? +About a couple weeks i noticed the setting for”Hot’Best’Rising, Etc…” getting moved to the settings themselves. I manually have to go into the settings and change the settings and change the feed type in order to see that sort of feed. This seems weird and harder to interact with. Im drunk asf rn and felt like letting the ape community know of my concern. Not sure if im the only one but it seems like reddit is making it harder of us to see the trending posts. DRS forever ! 🦍 We are close 🌙 🚀 Lmk what you guys think👀. Ps. Sorry for the bad grammar im truly F’d up rn. Have a food 4Th of july weekend !! 🇺🇸 💥 +As it is now a buyer's market, I'm assuming it would be perfectly reasonable to give real estate agents a price range that you'd be prepared to pay for the property they are flogging. Then, when it comes to closing the deal (as perhaps the only interested buyer) simply subtract 10-15% from the bottom end of the range you gave. + +Sure, you knew that bottom line figure would be around the mark the whole time, and you also may have wasted plenty of people's time and money, but so what? In time this will be acceptable and just considered "the way it works". + +Be interested to hear other people's thoughts on how this new paradigm could work. +Hi everyone, looking for some advice. I graduated this spring as a mechanical engineering grad. I have been working as a mechanical engineer at an aerospace/defense company since then. + +I've always been interested in trading stocks but over the past year I've really diven into Algo trading. I've been reading books and coding and trying to learn as much as I can. My friend (meche B.S./comp sci masters) and I even founded an LLC to develop Algo trading software together. + +I'm wondering how I can take this interest to the next step and actually work in the IB industry as a quant trader. Do I have to get a masters to even be considered? My undergrad gpa is pretty low, at 2.5 so I'd be worried about getting into a masters program. + +Any advice or knowledge would be appreciated! +After looking around and realizing Quantopian is actually no good, I started looking into books. Currently going through Ernie Chan’s material. I came back here to see if there’s anything trending now as far as online resources. The initial impression is that QuantConnect and Alpaca markets could be the move, but with recent updates, not sure anymore +Would it be best to just immerse myself in these books and not look to online resources? I thought it was cool how back in the day Quantopian had a Robinhood integration for Live Trading. Really broke barriers with that. But since personally, I’d like to learn more and code in R, I would love to hear if anyone has any alternatives or recommendations +I am curious if it is possible to create an algorithmic trader that returns relatively consistent but small profits. I can't really equate for all the pitfalls i.e where do most people fail? and if it is not so uncommon to make money, then why don't quantitative analysts (working at Two Sigma or Renaissance) quit and do it full time? + +I have other questions as well, but I am just curious how common or uncommon it is to create an profitable algorithmic trader... + +Also, success with algotrading seems the same as with day trading (this assumption could be wrong) yet there are still enough people out there documenting success with day trading. Not sure why there aren't any successful algorithmic traders on yt teaching their strategies. +He exercised his call options. + +On top of that, he bought 50,000 more shares. The guy has *quadrupled down.* + +His last two tweets (the final ride and the ape/cat hug) indicate that he’s bought what he intends to buy and won’t be tweeting or updating anymore. It’s just a waiting game now. Sad, I know. 🥺 + +Last but certainly not least, he posted his update at exactly 4:20 and has tweeted exactly 69 times this week. + +*Fucking legend* +... is a new way, for the future articles, of telling people, that shorts have covered. Price might jump this week (as a lot of people suggest, even tho NO DATES) and then will tank (as always) and a new ground for media to spam, that shorts have covered is born. How retail "won" and blah blah blah... I have never seen articles of banks warning their HFS about these things... But I have never looked in to it either, but feels kinda sus... Stay Frosty, don't believe everything you read, even me. I can be Kenny himself for all you know. +I was reading [this](http://rpgplanner.com/529-plan-opportunity/) blog post that states that high income earners should not be worried about over funding 529 accounts as the tax-deferred growth for multiple years outweighs the withdrawal penalties and income taxes you have on non-qualified withdrawals. I briefly looked at the math and thought about it and it seems sounds -- I want to dig more into it myself but was wondering if anyone has any thoughts or is doing similar for themselves? +Most people I know invest through regular method and they say it makes them feel “safe”. + +So I just wanted to know if any of you guys are investing through regular method and if so why? +Hi all, I have tried varios online tools for tracking my networth as well as provide a dashboard which shows my + +1. Saving bank account balances +2. high level cash flows +3. Bank FD balances +4. Mutual Funds +5. Stocks + +While all of the online tools are great and provide exceptional reporting (like perfios), I have come to realize that I like doing manual entries and being in full control. I want to track my rental income, MF performance etc using good old spreadsheets (its just me). + +I have searched a lot on this sub as well as some other related ones, but so far haven't found any good templates. Most of them are catered towards budgeting which I dont need. + +Any pointers to good templates? Pattu sir from freefincal has one, but haven’t figured out a way to capture cash flows effectively like monthly rental income. Also, its heavily focussed on FIRE and goals. +&#x200B; + +**Here is the current website:** [**https://dwslawgroup.com/**](https://dwslawgroup.com/) + +&#x200B; + +https://preview.redd.it/15lyzrxlp1m91.png?width=1583&format=png&auto=webp&s=305ef7b55b67275e4a073ad023fa9e0f04d54bb5 + +Here is the cached version: + +https://preview.redd.it/n4j9dk9xo1m91.png?width=1886&format=png&auto=webp&s=8545a05d0ae8db79f87f0e43f867d81b5ec6fa49 + +**There are only 3 of attorneys mentioned on this website, out of which only Pengcheng Si's photo is not provided.** + +The Plaintiff Pengcheng Si aka Simon P. Si + +https://preview.redd.it/5oxaxg91p1m91.png?width=974&format=png&auto=webp&s=285d4668e5d508c8253082330544260e4a9a5326 + +&#x200B; + +https://preview.redd.it/06p1xrjcp1m91.png?width=1408&format=png&auto=webp&s=48bd11d7543544be0e267603366703919d85efa4 + +&#x200B; + +Carlos Da Rosa + +https://preview.redd.it/an9tzpx6p1m91.png?width=1625&format=png&auto=webp&s=2edc0c5cf508a13efbbc2a3093606e5662983bdf + +They primarily have extensive background in immigration, estate planning, and family law. + +&#x200B; + +https://preview.redd.it/k6use6lup1m91.png?width=967&format=png&auto=webp&s=a8bf07558314c838a7e6f97fcf3d824295c71280 + +But then I came across this: + +&#x200B; + +https://preview.redd.it/acnvu9qkq1m91.png?width=976&format=png&auto=webp&s=f7223cae0143423dbc6eb122fe26626589f93ea0 + +&#x200B; + +https://preview.redd.it/bf106q4pq1m91.png?width=948&format=png&auto=webp&s=8afc9c9f30b421d5f08e7c809787f25e844b58d3 +I am interested in doing iron condors for SPY. the Profit/Loss ratio seems pretty good to me. I am thinking of picking strike prices around 2% in any direction. Yes SPY has been pretty volatile lately but more often than not, SPY trades in fairly predictable manners. What do you guys think? What kind of strike prices do you guys choose? Also, I am fairly new to spreads in general so please be a little patient with me but I am willing to learn new things! +Hi Gang, + +I sold a CC Monday and has since lost half its value, putting me in a profit. + +Im wondering from your expertise if the correct call is to lower the stike price and capture more premium. + +My thinking is that I am overall still bullish on the stock and rolling down would not make much difference. + +Should I buy back the calls and wait for a jump/spike? + +Thanks. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Everyone knows the market can't crash unless something wildly unexpected and unpredictable happens, but this is just a hypothetical plan for some steps to take after such an event. + +&#x200B; + +**Concept 1 -** + +The first leg of market crashes usually stops at 50%. Even if the crash will go down 90% (And even to zero), the first leg of the crash is usually a hard capitulation period and it typically ends around 50% off the high. It ends in big candles down and then turns into a range for a while. While it's hard to image a crash now, it'd be hard to imagine it not going lower in these circumstances. + +To back up these points I'll use crashes in the DJI of 1929 and crashes in BTC of 2021. These are very different markets in many ways, this serves as a test to whether or not these concepts apply market wide. It'd also be best to check thing against other big crashes to see if it applies. Various meme stocks come to mind. + +&#x200B; + +DJI 1929: + +https://preview.redd.it/k45w9o42j4n71.png?width=1406&format=png&auto=webp&s=7b694e87539706f0e266d25335bdd948f630322a + +BTC 2021: + +https://preview.redd.it/x2qs3jbbj4n71.png?width=1400&format=png&auto=webp&s=d11c2c46b09b592c5a93ac36c1f33c2a415885d1 + +I was a bit late for the DJI trade and a little early for the BTC trade, but using these tendencies (Some additional work for topping patterns) a [real time forecast of a drop from 60K to 30K](https://www.reddit.com/r/BeatTheBear/comments/mt2m4d/a_crash_in_btc_would_probably_be_an_early_warning/guxv27e/?utm_source=reddit&utm_medium=web2x&context=3) was made on BTC. + +&#x200B; + +So were the market to begin to crash, it would probably be best to avoid adding to a position while the market is still showing down-trending properties (Lower highs) and be thinking about adding to your position once a 50% drop is in. Selling puts into the dropping candles to the low somewhere around 45% down will have the best premiums ever seen by most traders. But it will be scary moves/news. + +&#x200B; + +In a capitulation move to a 50% drop the ideal trading opportunities would be (In order they appear); + +https://preview.redd.it/9c2p4gywl4n71.png?width=1404&format=png&auto=webp&s=8fe007919f05e008f6468ed3457b573319ed5016 + +&#x200B; + +**Lower capitulation period** + +Sell puts into the capitation when dropped over 40%. Strikes can be 60 - 65% off the high if want them OTM but the probability of IV crush is really high and selling puts at more aggressive strikes is viable. This can be done with CSP but if you want to protect yourself in volatile conditions you can do credit spreads. + +&#x200B; + +**First bounce off 50%** + +Usually there's a rally off the 50% drop and then there's a bear trap. A move heading back down a bit through the rally but failing to make a new low. Sometimes a double bottom but not always getting as deep as that. If you're in a wheel position into this first rally is a good spot to calls into. This rally usually will not go that far. Markets stay at big highs/lows for a while. This would be months, and would be at least weeks. + +&#x200B; + +**The retrace of the first rally** + +This is a good time to start to make plans for the market heading into a higher highs/higher lows trend over the next few months. At this time to best recover a down portfolio realistically the best capital allocation would probably not be short options but it being far more profitable to be long stock and long calls financed with short puts. + +&#x200B; + +**The second risk spot** + +A 50% can be a precursor to a larger drop in various historic crashes. SPX does have crashes it's recovered from a 50% drop to ATH (I can think of 4, the 2008 being the most obvious), but when a 50% drop has happened it's worth being aware of the risk that an immediate rally can turn into a pullback in a bearish trend. When that happens, "The crash" section of the move is not the largest. The second is. If the crash section of the move low breaks after a strong rally, a persistent downtrend can follow. + +&#x200B; + +**Risk warning signs of a bull trap** + +To show some of the typical risk warning signs of a bull trap we'll look at real BTC analysis from a couple weeks ago that was aided by the assumption price moves would be consistent with the DJI move. + +&#x200B; + +Before + +https://preview.redd.it/nyuxzjzkn4n71.png?width=1400&format=png&auto=webp&s=6b5615aee938b817bd3763b772ae9d983992f470 + +After + +https://preview.redd.it/p2rmxlion4n71.png?width=1421&format=png&auto=webp&s=6cdcf3e96b84b0ad940a4672d3dd103776256604 + +This made a strong reversal right around the 76 fib, which would be the historically implied best level to look for that. + +&#x200B; + +Using common tendencies from crashes through the years it was also possible to forecast the major swings into the high and break in BTC. This is quite important since these move were directly contributed to news events. [Pundits would be calling the move entirely unpredictable](https://www.reddit.com/r/BeatTheBear/comments/pjtfhm/how_the_news_explains_it_btc/) after it, this was the trade plan posted 5 days before it. + +&#x200B; + +Before + +https://preview.redd.it/ddlflp36o4n71.png?width=1377&format=png&auto=webp&s=30c9d04563fe9439b8cea04f541dbee908baf6b8 + +After + +https://preview.redd.it/1il9x0yio4n71.png?width=1403&format=png&auto=webp&s=4099e4737ec83cbdb0da1fdf9999e561a60748fb + +These forecasts are not washy of vague. All of these swings hit the price zones forecast and all of the swings are forming in the manner forecast. The capitulation periods and the ranging periods. To get a hit on all of those conditions would seem to put question to random walk and EMH models. The following forecast is what I'd expect to see if BTC was in a bull trap and did break. + +&#x200B; + +To extrapolate this to the SPX, while it would make a lot of sense to be strong bull into the 50% drop if we started to make the same sequence of moves in the retracement of that move we should consider the risk it might just be a retracement. We should look for strong sell-offs and if these happen use the ranging period to exit. + +https://preview.redd.it/lqjrzx7dp4n71.png?width=1407&format=png&auto=webp&s=bd40cd7c0111696d8e28f297d0db662e78c53b61 + +The range will often be a consolidation of the bearish break that has been made and a further move down is coming. This is what would be implied by historic crashes. We've got the BTC forecast to watch and see if it continues to follow the forecast swings or deviates from them and annuls the proposed model. + +When this type of sell-off happens if the market does break over the high again it's usually into a trend. The amount you have to wait to see is not that big and it's covering you against fat tail risk. By taking more aggressive long options into the lows of the move even if the retracement does not come back enough to get your losing positions to breakeven, you can exit at a net even. +Business tycoon, Peter Schiff seems to think that the next financial crisis could be here in less than half a decade. I want to know if there is any documentation of the strategies people used to get in the lowest and come out on top. I have searched for books and other resources, but I think the /r/investing community can offer good input as well. +icahn not happy about the bubbles + +http://www.cnbc.com/2015/09/28/5-things-that-keep-carl-icahn-up-at-night.html + +"God knows where this is going. It's very dangerous and could be disastrous," + +http://www.reuters.com/article/2015/09/29/us-icahn-fed-idUSKCN0RT09120150929 +Basically I’m curious at what point is having a second, fun, project car acceptable do you think? + +We have paid off the house, are early thirties, are saving aggressively and have no interest bearing debt. + +We have some other priorities ahead of buying expensive toys but I keep going between between thinking it’s a massive waste of money to wanting one because it’s a passion of mine and I sold up a few years back to achieve our other goals. + +The car itself would be under 45k +If someone tells you something is a "collectible" and therefore a good purchase, never buy it with the intention of selling it for more or even getting your money back. + +I was cleaning out the closet this weekend and just said fuck it to holding on to all these beanie babies, baseball cards (from 80s and 90s worth absolutely nothing) and other worthless trinkets. The only thing that seems to have kept its value is the silver coins and pokemon cards but then again....had I put this money into the stock market it would be 20x the value. During my youth, I put ALL of my money into the above categories and zero into stocks. I only started investing when I was 18. + +If anyone has kids, make sure you teach them where to put their money for investments and to avoid at all costs anything that is sold as being a "collectible". Funko pops or whatever they're called, tell your kids to stay the hell away from those especially if they're talking about investing their money. +I've reviewed our past spending for the past 6 months or so and noticed that we've been consistently spending around $1,500 a month on food and groceries. It's around $1000/month on groceries and $500/month on restaurants for just myself and my wife. + +We typically go grocery shopping once a week and buy everything we need for that week, and then eat out twice a week (usually Friday and Saturday nights). We don't really buy anything out of the ordinary. The more routine items we buy are eggs, chicken thighs, pork, vegetables and staples like rice and pasta (we buy these two in bulk and it lasts for several weeks). We also buy those big bags of frozen salmon fillets and those last for 1 month at least. This also includes household products like toilet paper, paper towels, cleaning supplies, etc, but excludes pet food as that is it's own category. + +I was speaking with some of my friends and they mentioned that this is an insanely high amount to spend on food. Are they correct that this is an absurdly high amount to spend each month for food/groceries? +Everyone has seen the two latest tweets by RC by now: the Wikipedia and Movie Tweet. Let‘s analyze what these two terms stand for, abstractly: + +**Wikipedia**: good information by the global internet hive-mind for free + +**Movie**: a narrative/story told by a single person (the movie director), who has full control over what information to include/exclude, full control over the sentiment they want to convey,… + +I myself am a film director and producer and have published a documentary movie in my europoor country to cinema, so I‘m somewhat qualified to speak about this topic. Countless times I‘ve removed certain clips and parts if they were „inconvenient“ to my story. Now, I‘m not saying „dont watch the movie“, quite on the contrary: go watch it. However, view it for entertainment purpose only, not for scientific facts. + +Anyway, do you see what I‘m getting at? If you read and combine both tweets (which we can because they both were posted within 24h) then we get RC telling us the following: + +**“Why waste money on a movie that tells not-the-whole-story, when you can you can learn the peer-reviewed full truth for free on the internet… on SuperStonk!“** + +As always: hedgy r fuky. +[https://www.nokia.com/system/files/2021-02/nokia\_results\_2020\_q4.pdf](https://www.nokia.com/system/files/2021-02/nokia_results_2020_q4.pdf) + +The Finnish telecom network firm reported earnings per share of EUR 0.26 ($0.31) for the full-year 2020 compared with EUR 0.22 ($0.26) for full-year 2019. + +For Q4, EPS stood at EUR 0.14 ($ 0.17) compared with EUR 0.15 ($0.18) in the same period last year. + +The company’s October-December revenue declined 5% to EUR 6.57 billion ($7.89 billion) on a YoY basis, beating a consensus figure of EUR 6.42 billion ($7.71 billion), according to Refinitiv Eikon data [reported](https://www.reuters.com/article/us-nokia-results/nokias-fourth-quarter-revenue-beat-expectations-idUSKBN2A40N0?il=0) by Reuters. +(Bloomberg) -- MicroStrategy Inc. founder and Chief Executive Officer Michael Saylor’s big bet on Bitcoin has backfired in a major way as the paper loss for his firm’s holdings of the largest digital asset has reached roughly $1 billion. + +Most Read from Bloomberg + +* [China Alarms US With Private Warnings to Avoid Taiwan Strait](https://www.bloomberg.com/news/articles/2022-06-12/china-alarms-us-with-new-private-warnings-to-avoid-taiwan-strait?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +* [Stocks’ Pandemic Bull Run Ends With Recession Fear: Markets Wrap](https://www.bloomberg.com/news/articles/2022-06-12/inflation-thunderbolt-primes-stocks-bonds-for-more-volatility?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +* [Crypto Market Sinks Below $1 Trillion After Latest DeFi Blowup](https://www.bloomberg.com/news/articles/2022-06-13/bitcoin-sinks-to-18-month-low-as-us-inflation-impact-spreads?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +* [Bond Yields, Dollar Surge With Fed Bets as Recession Risk Grows](https://www.bloomberg.com/news/articles/2022-06-13/a-fed-rate-hike-of-75-basis-points-is-a-done-deal-for-traders?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +* [Crypto Debacle at Celsius Rattles Market Already Shaken by Terra](https://www.bloomberg.com/news/articles/2022-06-13/crypto-lender-celsius-freezes-withdrawals-fueling-market-rout?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) + +Over the last two years the software-maker has shelled out $3.97 billion as it amassed nearly 130,000 Bitcoins. The firm’s average purchase price for those tokens has steadily risen with each additional purchase since 2020 and sits at $30,700 as of March 31, according to its latest quarterly filing with the US Securities and Exchange Commission. + +READ: Crypto Debacle at Celsius Rattles Market Already Shaken by Terra + +With Bitcoin plunging by as much as 17% to $22,603 on Monday after crypto lender Celsius Network Ltd. paused withdrawals, swaps and transfers on its platform, MicroStrategy’s holdings are now worth just over $3 billion. That puts the company’s Bitcoin related losses at nearly $1 billion. + +MicroStrategy plunged 25% to $152.15 on Monday as part of broader route by cryptocurrency-exposed stocks. Shares of company have become highly correlated with Bitcoin since Saylor started adding the digital currency to its balance sheet in August 2020 as a hedge against inflation instead of holding cash in the corporate treasury. + +The Tysons Corner, Virginia-based company was worth $1.2 billion on Aug. 10, 2020, the day before it announced its foray into crypto. Saylor appeared to be unfazed with the latest Bitcoin drop, sending tweets over Twitter that seemed to signify his confidence in the strategy. +Hello guys, + + +I was just wondering where in the US do you guys think is the best state to retire? + +I'm just starting my journey but I want to think ahead and I have no desire to retire where I currently live. I just wanted to get some of your ideas on what you think is the best state to retire? + +The big miss could call into question the relatively rosy estimates for Friday's closely watched nonfarm payrolls report. + +https://www.cnbc.com/2019/12/04/private-payrolls-up-67000-in-november-vs-125000-expected-adpmoodys.html +Hello all. This is my first post ever on Reddit (take it easy on me lol) But I need some advice. + +I'm getting a big bonus this year and i'm needing some advice on investing or paying off debt. I am posting here because I am interested more in dividend investing. Hoping one day I won't have to worry about getting fired, sick, or quitting and not having an income. + +Currently I have two major debts. My Car, $21,000 ($300 a month payment) and my student loans, $55,000 ($400 a month payment). This comes out to $76,000. I currently have $30,000 invested in a managed account with Fidelity. And only $2,000 in stock I manage, Apple & QYLD. I am wanting to invest more myself and not have a managed account with fidelity in the future. + +My Bonus after taxes will be around $80,000. Maybe a little more. Which is just enough to pay off my two biggest debts. Currently, I can make all payments and still have money left over each month. So my question is should I pay off the debts? And then start investing those monthly payments into stocks? Or just invest the $80,000 right off the bat? And to follow up on that, If I invest in dividend payments, what would be the best stocks to invest the $80,000? + +I've never been good with money and I'm really wanting to start making the best decisions. + +&#x200B; + +Addition: I should have included this but I didn't. The car is 5% interest and the student loans are 6.8% interest rate. +I was browsing the internet searching for dividends stocks for my discord and ran into a video talking about a "Weekly Dividends Stock".Few things: + +1. I think it's overpriced... by A LOT I'm comparing it to other stocks that have equal or higher dividends and based on these stock's price (CLM, ENS, O, ZWC, PPL, PSEC, QYLD, RYLD, YYY, SRU-UN, ABBV, KEY, AT&T) it doesn't seem to stand up to them. And these cost quite a bit less than TGIF +2. .05 USD weekly is too small to justify this stock as 1 simple monthly stock (CLM for example) beats it by .01 but is almost 10 TIMES cheaper. + +This isn't a DD or anything more of a question and pure surprised response. + +Ticker/Name: + +TGIFCost: $105 USD +Weekly Div: 0.05 +Yearly Div: $2.4 +Yield: 2.14% + +I'm more surprised this is actually a thing and as far as I know, it's the only one. Anyone else knows of any others or if this is a "one-off thing"? + +# Holdings + +* First American Government Obligs X[**FGXXX**](https://ca.finance.yahoo.com/quote/FGXXX?p=FGXXX)2.77% +* NMI Holdings Inc 7.38%N/A1.77% +* Ford Motor Company 8.5%N/A1.72% +* Service Properties Trust 4.65%N/A1.71% +* Western Digital Corp. 1.5%N/A1.57% +* Delta Air Lines Inc 7.38%N/A1.56% +* Apache Corporation 4.62%N/A1.50% +* Mack-Cali Realty L.P. 3.15%N/A1.49% +* TerraForm Power Operating, +* LLC 4.25%N/A1.49% +* Citizens Financial Group Inc 6%N/A1.45% +As an oldie, I'm seeing too many people fall for easy traps when buying crypto and I feel like creating a very easy to understand guide to protect people from getting burned when buying crypto. If there's enough interest for this guide I could create additional parts for technical indicators as well as social indicators. For now, if you're finding this helpful please let me know as it encourages me a lot. And if you think a friend could be helped please share! + +**Edit2: If you're liking this post, follow me on Reddit so you don't miss the next one. :) Thanks to the great response so far I'm eager to make more posts like this.** + +______ + +#Preamble + +Many people are hearing about crypto and want to buy in. Well, after a fair warning about the risks, it's always best to give them some guidance on what to look for if they're really eager to invest. + +In this post I'll try my best to note some of the simplest indicators anyone can look for when looking to open a long position on any coin. A very common mistake people make is to only look at a single indicator when buying cryptocurrency. But in reality, there's a multitude of indicators you should be looking into when buying in to any coin. So if a coin seems to be doing well in all of the indicators I'll list, then at the very least you're reducing your chances to get burned. + +#Bad FOMO + +First, let's list some commonly heard misconceptions about what would make a coin a good buy: + +* *That coin only costs 0.02$? Buy it, it can 10x.* + +* *This fell 50% today, buy it!* + +* *This coin is rising like crazy, good chance to jump in for some profits.* + +* *Everyone is talking about this coin so it must be good* + + +If taken individually, these are not great indications to open a long position on any coin, for reasons I'll try to explain in the following points. In the following part I'll try to put them in a list for the sake of simplicity. + +#Market Indicators & historical data + +## 1. **Look at the volumes** + +It's really important to look into if there's a solid market behind a coin. If current volumes are really small, then the price is very prone to manipulation. + +**How to look into this?** Go into Coinmarketcap or Coingecko and have a look at historical volumes by hovering on the charts at a coin's page. This is better to be done on a desktop computer/laptop. Phone/tablet doesn't work so well for getting info out of the chart. + +## 2. **Look at the coins in circulation and release schedule** + +It's really important to look at how many coins there are, how many there will ever be, and how fast coins are released. This is one of the reasons why buying a coin based on it having a low price per coin alone isn't a good idea. If many coins are to be released in the near future, it's very much likely that there's going to be a lot of selling pressure from those earning them. And if a coin is in its early release phases, emission is likely to be happening at a higher rate, so from monetary terms, prices would stabilize once emission is reduced. + +**How to look into this?** Coinmarketcap shows the total coins in circulation currently, as well as the maximum amount of coins there will ever be. And they're a third party source so they largely have no incentive to lie. You can trust them over a coin's developers for instance. Too look into this on your own, go into a coin's page on Coinmarketcap. *Circulating Supply* means how many coins are released on the market right now. *Max Supply* means how many coins there can ever be. To look into how fast coins are released you can Google something like "[coin name] emission schedule". This should bring up some info on how a coin is planned to continue being 'minted'. It can vary a lot from coin to coin so always do your own research, find up to date sources and double check so you understand everything correctly. + +## 3. **Check the listings** + +If a coin is only listed on very few exchanges, it's very much likely that it doesn't have a solid market behind it. Its price could be manipulated easily and when only a few exchanges trade a coin you should be suspicious of high volumes. + +**How to look into this?** Go to the Coinmarketcap page for a coin, click on "Market" and see the exchange pairs. Pay special attention at how the volumes are distributed and what the "Confidence" rating for each exchange says. If a coin is receiving most of its volumes on low rated exchange it might be a good idea to stay away. + +## 4. **Pair variety** + +If a coin has a great variety of pairs to be traded with, it's a very good indicator that there's demand to trade with it. Especially if there are many FIAT pairs for it, across several exchanges, this is a great case for a coin having people interested in it worldwide. + +**How to look into this?** In the Coinmarketcap "Market" page for a coin, see how many different pairs there are. To look out for FIAT pairs more directly you can also filter pairs at the top right by selecting EUR or USD etc. You can also click "Load More" for a fuller picture. + +## 5. **Historical price** + +This is perhaps the single most important indicator when going in to a coin. No matter if the price per coin looks low for example, if the coin is at an all time high when you're buying, then this is one indicator showing it's hard for the coin to go up further. You can also compare the current price with different time periods. For example, last 7 days, month, year etc. Important to also look for historical volumes and compare in relation to historical prices. + +When doing this, it's also important to check the market's history and look for some important related metrics. Like: What's the All Time High? Has the coin been above current prices many times (and if yes, how much trading volume did it take to break above the price level)? What's the relation of the previous ATH with the current price? + +**How to look into this?** Simply go into the page of a coin on Coinmarketcap or Coingecko and look at historical prices. + +## 6. **Market capitalization value** + +This is an important indicator. It's showing the total value of all the coins in circulation, usually measured in FIAT (USD). But there are also some related metrics that might make the market cap value unreliable. For instance: If the market cap went up by a lot due to a nearly vertical price rise recently then it's not very representative of a market's substance. You should try to consider the market cap before an ongoing *pump* for something more representative. Also, if a coin's market cap value is high with tiny volumes compared to coins of a similar market cap value, then this can be a red flag. + +The *coin* market cap is also a limitation to how much a coin's price could rise. A golden rule of thumb over this issue is that no coin should ever be expected to surpass bitcoin in market cap value. So in simple terms, the result of the formula + + coins * price + +will never be more than bitcoin's market cap value (in $). Consider this a hard limit to how much a coin can rise in value. And by this point I think that you should also consider any price prediction according to which a coin would come near ETH's market cap value as unsubstantiated, grossly speculative and wildly inaccurate. In most occasions, this can be used to debunk claims that a coin can go *10x*, which is a very common attempt driving FOMO panic buying for a coin. + +**How to look into this?** Just go to coinmarketcap.com's main page and/or the specific coin's page and see how that coin ranks. + +_______ + +Thanks for reading. If you think there's something I should add or have any questions feel free to comment. I know this post is mostly focusing on past data. But if this gets enough upνotes I might make a complementary post to write about live indicators in simple words as I did in this post. + +^^Edit: ^^corrected ^^some ^^spelling ^^mistakes ^^and ^^added ^^point ^^#6 + +Edit: I appreciate the Reddit awards. Just please, no need to spend money on an award for me unless you have it for no extra cost already. If you want to be generous I recommend you donate to anyone in need. +**What I do not want to argue is that this completley invalidates what we are doing here, or even sugget everything in this video is correct.** + +However, I found this video here especially interesting because the content creator is a financial professionell, consults people on their retirements for a living and most importantly provides a wide coverage of sources in economic research for his arguments throughout his content. + + +Also his views allign 90% with common wisdom within this community and only diverges on a few points, the two largest being factor investing (for which he sells products, so might be conflict of interest) and being sceptical of early retirement, noting he does not understand the allure and considers people aiming for it to be overly optimistic. + +In times of echo chambers and a lot of binary arguments, where the voices of people on the extreme ends of the spectrum are usually pitched against each other on any given issue I find this to be extremely valuable. So here is the video: + + + [https://www.youtube.com/watch?v=z7rH7h7ljHg](https://www.youtube.com/watch?v=z7rH7h7ljHg) + +&#x200B; + +What do you think of this? While I am a little sceptical of CAPE and consider it likely pessimistic, I do agree that the trinity study which we base a lot of our believes on fails to address the international market, which changes a lot. But most importantly I have always considered the inefficiency of the 4% rule to be very offputting. A sizeable amount of practioners ending up more than doubling their wealth during retirement always seemed to hype people up around here, but to me always seemed fundamentally flawed. So while I always agreed with people saying "I just do 3% and will likely succeed, no need to sweat", that always increased my biggest problem with the argument. + + +Personally, the video didnt change my views on the merits of our endeavors or sour the desire for financial freedom and early retirement. However, it strenghtened my conviction in the plan of my wife and I. We are still quite young and right now are only focusing on building wealth until we come in a ballbark number where we could consider pulling the plug. Then we will likely spend the time to understand more complicated withdrawal concepts. + +&#x200B; + +Because while I understand the appeal of the simple rule, I was always flabberghasted how much people are willing to optimize their phone plan or banking costs, and how much resistance was there to consider anything more complicated than the 4% rule. I have a hunch that complicated the issue here will lead to a simpler life in retirement. +For some background our roles at the company only overlap in that they both involve computers, so when I was hired as the start/only person in my department (design engineering) they placed me under him for a manager/supervisor. Since it was a new position at the company they didn't have a full work load and I began taking on portions of my boss's job (over the years he became a catchall for anything computer related, so marketing, design, ordering, research, PR, job postings/hires, anything beyond knowing how to use excel or word) I am also very fluent and adaptive at computers so it was easy for me to take on anything that was needed. So my position soon became about 40/60 for what I was hired to do vs what I was actually doing. + +Fast forward to when my immediate boss abruptly left the company for another job, I had a crash course in everything he does for the company (as much as could be done in such a short window) and immediately began taking over every aspect of his job when he left. I've now been doing my boss's job plus my job, as well add being asked if I'm interested in taking on more then that.. + +I am completely capable of doing all of this work, and doing it very well, however it is not what I was hired for and not work I'm incredibly passionate about, but I would be more than happy to take it all on for the right compensation. + +My question is, how do I know what is fair to ask for so that I don't shoot myself in the foot one way or the other? I don't want to ask for too much and piss off the company (like asking for more than the next higher up that I'd be negotiating with makes, or low balling myself so that I can never catch up). I know the company can be pretty cheap, but also that they could literally double my salary and it would still be well over $10k less than what they were paying both me and my previous boss (not even counting benefits). + +I'll be sitting down to negotiate soon and want to be prepared as best I can, but don't want to screw myself by asking too high/low. This company has zero information online for salary comparisons, and as I said, I basically started my department as the sole person in it and my boss's was his own bubble as well, there is no one else at the company that knows how to do either of our jobs (I am able to do my boss's job but he was never capable of doing or understanding mine), so there is no one else in the company to really compare my skills/salary too, but I think the fact that no one else in the company is able to do my job or his, but I can, would give me decent leverage? + +I know along to double my salary is a huge leap, but also to hire a replacement for him would cost them more than that, and they'd have no one to train the new person as the old guy is now gone and no one else knows how to do his job. I know if I left they'd really be hurting. + +What would be fair for me to ask for or what is the best way to approach negotiating this so I can get my best possible compensation? I'm great at what I do and very capable of a wide range of skills, but get nervous when it comes to negotiating worth/money/benefits. + +Thanks in advance for any advice! +EDIT: Given the positive response, I'm considering turning this into a series of educational posts that will clarify some market mechanics and instruments where there are common misconceptions prevalent in the community. I am opening my DMs for suggestions, so slide on in. + +_______ + + +I have noticed lately misunderstandings around margin debt and the dreaded MARGIN CALL. So, I wanted to break down the basics as I understand them. Also I want to offer some insight into the psychology behind lending, margin debt, and most importantly why we haven't seen liquidations of the firms with high short open interest. + + +______ + + +Let's start by defining the relationships between leverage, collateral, and margin debt. + +When one seeks margin, they are leveraging their assets as collateral toward margin debt. + +For, example if I have 20 shares of $GME trading around $1,000 (post-MOASS). I have $20,000 in assets that I can **leverage** to gain more money, or **margin**. I then apply for a margin agreement with a lender, and they say "I see you have $20,000 we will accept that as **collateral** for margin up to $10,000. + +I immediately invest that in $DFVAL, Not a Cat Company. I now "have" $30,000 in assets. $10,000 of which is held in margin, which means I bought that with my lender's money. In other words I'm leveraged 0.5x, if $DFVAL goes 2x I can exit that position to realize the gains at which point I am holding nothing in margin if I pay the $10,000 in margin debt, I now have $30,000. + +Some of you may be saying, no you don't you didn't factor in interest. That's exactly right you damned fine wrinkly brained 🦍! In fact, that's the crux of the crux of points I'll be making later. + + +_______ + + +In the example above, I am not overleveraged. Let's say now I have $100,000,000 in assets. Now that I am a 🐳 whale 🐳, a lender might say, "hey you're not going to lose all my money. look at how good you are with money, here's $200M." Now I am now leveraged 2x my collateral of $100M. Now, I take that $200M and I short $GME at $1,000. Now I'm a 🌈 🐻. + +Ryan Cohen tweets: "🐸🍦🪐" + +$GME is trading at $2,000. + +I have $300M in Cash and Margin allowance. I owe the share lender 100k shares of $GME. How do I get those shares? I buy them back to cover my short position. But wait it's trading at twice the price I shorted!? + +Let's do some quick maths, I borrowed 200,000 shares that I sold short. It now costs me $400M to buy the shares that I need to return my share lender. I only have $300M, check my math on this, but $400M > $300M, I cannot cover. Now my margin lender holds a bag filled to the brim with $100M of my idiocy. + +😱 **MARGIN CALL** 😱 + + +______ + + +What is a Margin Call? + +A margin call is **not** (necessarily) the notification about seizing assets to liquidate. Instead, a Margin Call is the notification that you must reconcile your collateralized assets what is held in margin, or the lender will begin to liquidate the assets for you. + +Generally, a margin agreement gives between 2 and 5 days to reconcile collateral with margin. However, if you do not meet margin requirements by the 2-5 period, you lose that autonomy. + +Now the big problem is when a HF is not able to meet the demands of the margin call. Hopefully, the hedgie knows when hedgie is fukt. At this point, the lender decides to either increase the margin allowances or liquidate the HF's assets. + +To liquidate a HF's assets when they are in the red means losses are realized. The incentive to liquidate is to stop the hemorrhaging. If the HF believes the exposure to loss potential will out weigh... the interest on the loan. + + +That's right, margin debt isn't free, you have to pay interest on what you use. That means there is huge incentive to increase the margin allowances to increase the interest payments. It's an easy decision, the incentive to increase interest payments is better than realizing losses... After all, maybe they can dig themselves out of the hole....🤣😆🤡 + +______ + + +🎉 FUN FACT 🎉: there are reports of HF firms being 23x leveraged. + +How does a HF become so over leveraged? I don't know it's supposed to be regulated, but that's not really something I want to get into here (see Duke University's article linked below). + + +The point I want to investigate now is the psychology of a margin call. There's some interesting stuff happening on both ends of the line. + +The lender sets an interest rate on what they loan for margin. The lender then stands to gain more by loaning as much as they're able. So, when a margin call happens I imagine it going something like: + +Lender: "We're calling in regards to your account... Wtf?" + +Shitadel, Mel, BulgariaDude: "Hehe, I'm le sorry" + +Lender: "but seriously we're going to have to take some action" + +S, M, B: "That's fine I totally understand, have you thought about giving us more money. We can use that to fix things, is that cool?" + +Lender: "Now that's an interesting idea, do you pinky swear that you'll get the money back?" + +S, M, B: "Yes, sir or madam I do" + +Lender: "ok if we go from 2x to 3x that just waives the liquidation, what if we go 4x and say raise the interest rate from 4% to 5%" + +S, M, B: "sounds like a plan" -click- + + +This allows the shorts to buy time and that's all it does. They're sure they'll be able to recover, they always have been able to make it work in the past. The lender sees that past performance and let's it confirm their bias that the funds will get their groove back. It's the hot hand fallacy. + +For the borrowers, they have no choice. Whether or not they're self-aware enough to know how deep they have dug their hole is irrelevant. At this point they're gambling with other's money. The best course of action seems to be to use the new money to try to turn the infinite loss into gain. Turning the loss into a win would give them the most payout. + +Therefore, both sides are trying to avoid the liquidation. The lender sees increased interest revenue, and the borrower sees an opportunity to recover (with even more margin capital than they had before). + +______ + + +🎉 FUN FACT 🎉: Margin Debt is up to ~~$802B~~ $822B + +At an interest rate of 4%, that's a lot of incentive to avoid liquidations. + + +_______ + + +https://sites.law.duke.edu/thefinregblog/2017/01/26/do-hedge-funds-threaten-financial-stability/ + + +https://www.advisorperspectives.com/dshort/updates/2021/04/19/margin-debt-and-the-market-up-another-1-1-in-march-continues-record-trend + + +EDIT: adding another source on margin debt. + +https://markets.businessinsider.com/news/stocks/finra-margin-debt-hit-another-record-march-topping-822-billion-2021-4-1030330216 + +EDIT: + + +TL; DR (by popular request): Margin debt is out of control, and there's less incentive to liquidate than to lend more on margin. +Reddit was down for some time about 30 minutes ago and the post with the stock guy talking about naked shorting GME was altered from something like 27k upvotes down to 8k votes. They are letting this sub stay on Reddit because they benefit from learning from us, but when we expose too much, they freak out and shut it down. They will more than likely shut down Reddit as a whole when GME is about to moon as well. Stay vigilant and delete your account before Reddit IPOs/during MOASS. +My parents bought their house for 126k in 1985. The house now is worth 600k. + +If I invested 126k into the Dow Jones in 1985 it was trading at 1500... Now it's at 28000.. more than 18x it's value. The investment would be worth 2.5 million dollars! + +Not to mention the price of renovations, mortgage interest rates, taxes..etc ... + + +Why the hell should I buy a house as an investment??? Stocks require 0 work and I can liquidate them with a push of a button. +FITeacher's extra time + +I am a full time teacher. Effectively I work nine months a year, which is great theoretically, but that means 25% of the time I am not working and not generating income. I was looking for a side gig that would let me monetize some of this extra time in pursuit of FI. + +First Attempt at a Side Gig + +I wanted something different from teaching that was internet based so I could do it while traveling in the summer, or on breaks during the day. I tried writing as a side gig at first. It was a great change from teaching, but even after more than a year, I had trouble making it pay. + +Playing to my Strengths + +Since my experience is in teaching and I hold a terminal degree, I switched to looking for online teaching jobs to capitalize on my strengths. Online classes typically allow students to turn in work electronically which can then be graded whenever the instructor has time, so these classes are very flexible. This is great for students, but is also great for me as a side gig. + +Seven Years Building the Side Gig + +I wish I could say it was a quick and easy process, but it wasn't. It took time and hard work. The first year (2013) I was able to make about 3000 bucks teaching courses online at a University. Over the past seven years, I have grown this side gig by searching for more jobs at more schools and by developing new courses. + +Year Earnings + +2013 3000 + +2014 9500 + +2015 21272 + +2016 40886 + +2017 61071 + +2018 85613 + +2019 68303 + +&#x200B; + +What happened in 2018? + +2018 was a bit of an outlier income wise because in spring I took over for a teacher who was out on maternity leave and taught her full time on-line load. That was good money, but required three or four hours of work a day for those few months, and I would probably not do that again. + +How My Side Gig Growth Powered my Investments + +It took about five years, but in 2017 I was able to live off my sidegig, allowing me to invest the proceeds of my full time teaching job. I have always contributed some amount towards a 403b and a 457b at work. Since I was now able to live off my side gig, I was able to max out these accounts. + +The workload + +As I became more efficient as an online instructor, I was able to design courses that were more idiot proof, requiring me to answer fewer panicked emails from students, and requiring less manual grading and work on my part. I probably answer fifty emails a week from students from six or eight different email accounts. Currently my side gig takes about three hours a week, almost all of which I do on breaks during my day job. + +Looking for Work + +I am still teaching at the first University where I started, but the needs of schools fluctuate semester to semester and year to year. I work at some schools where I get one course a year, and others were I get four a semester. I worked at two schools for about two years and then did not get courses again at either one, perhaps because they hired a full timer to cover that work, perhaps because of lower enrollment. Since some of my jobs are stable and others fluctuate or may decay, I spend a 40 hour week every spring during spring break looking for more work, sending out emails and resumes and applying for jobs. I apply to about a hundred positions in that time. Some years I gain another school with another course or two. Some years I don't get any new work. + +Taxes + +My taxes are a total clusterfuck. Last year I filed taxes in seven different states. I always owe money at the end of the year because if I teach one course in a state for 2000 bucks, it looks like I am a pour, and they don't take much out in taxes, but when it comes time to do taxes at the end of a year, I am taxed at a much higher rate because of my overall income. I have mitigated this problem by playing with my withholdings whenever possible. + +Spreadsheet Anxiety + +While it may not be a problem for some people, for a spreadsheety FIREy motherfucker like me, it is awful to get paid so often in tiny little amounts. Between 11/29 and 12/6 I will be paid seven times. I realize the desire to check everything is irrational, but I will check each and every one of those payments on the day they come in, which has me screwing around with my budget spreadsheet and thinking about small amounts of money much too often than I am comfortable with. I realize this is a great problem to have, but it bugs me OCDly. + +Churning + +All these teaching jobs are all w-2 gigs with direct deposits, which means I have many direct deposits to deal with. Direct Deposits are required for account opening bonuses at banks. Last year I paid for a trip to Paris with bonuses from banks. + +Fuck you money it ain't, but... + +One unforeseen advantage to having so many different gigs is that I have almost no worry about losing a job. I have so many jobs that I could lose several of them, including my full time job, and while it would suck, I would still not have to touch my nest egg. This isn't quite the same as fuck you money, but this has had a subtle effect on me, making me more confident, more likely to speak up at my full time job. It has made me less likely to pay as much attention to a student's threat to go to the dean and get me fired because they got a bad grade. + +Transition to RE + +When I RE, I plan on keeping this side gig until pension/social security kick in. With luck, I can live on it and not touch my nest egg. I can travel and work abroad as long as I have an internet connection every day or two. After Social Security kicks in, I am likely to let this side gig decay naturally by not looking for new work as schools change or drop off my teaching list. In addition, the online teaching industry is in flux. I wouldn't surprise me if much of it were automated over the next ten to fifteen years, which is another reason that I can't necessarily count on this income long term. + +Conclusion + +I see people on this forum suggest that they will become a teacher as a sort of alternative to Barista FIRE to use to coast into retirement, and I have to laugh. Teaching ain't working in a salt mine, but half of all teachers quit after less than five years, so it isn't for everyone. To be successful at teaching requires a strange mixture of creativity, compassion and tolerance for administrivia. That is the precise mixture that helped me in my side gig where I deal with seven different email accounts, seven different calendars and seven different sets of rules and requirements, not to mention designing online courses in many different on-line learning management systems. + +So, what's your side gig story? +Just wanted to put some investment news out because yes, **worst case scenario**, Monday afternoon could see the beginning of an Asian financial crisis when Evergrande defaults on repayments. + +Apparently it owes around US $7bn this coming week and there are 130 Chinese banks and 132 Asian investment houses all into the Chinese company for around US $300bn. + +**It's simply too much money and I doubt China will bail it out**. + +Keep your eyes open because when Evergrande defaults on Monday, it could literally trigger something far worse than a blip on Chinese markets... +I love no cell, no sell. I definitely won't be selling until all of Wall Street has been laid bare for the world to see. + +I love a ridiculous floor. We know that our shares are far more valuable than anyone on the short side of this bet thinks they are. + +I love the infinity pool. Because if they can't get them all back, there's no way this can end. There's no cover up if they still haven't paid up. This is a key to unwinding decades of deceit, theft, and manipulation, and I want all of the evidence out in the sunshine. No way to wrap it up quick if they can't buy their way out. + +But there's one more piece to this, that I've been struggling with since the sneeze... If and when this blows up, and it destroys the prime brokerages, market makers, hedgefunds, the DTCC, and makes its way up into the FED's filthy hands, we know they'll just print their way out. u/peruvian_bull has written excellent DD on what this all could look like that I highly recommend. But I think that after a year and a half of consideration, this is my crystal ball into how this all plays out: + +The MOASS kicks off, and it's a side show that the media can lean into while the entire global financial market collapses in the background. It's the biggest dog and pony act in the world. + +Diamond-handed apes.... Diamond-hand. We blast directly from "proving the MOASS theory" prices like $3k a share DIRECTLY up to like six figures a share, just to lock fomo-ers out quickly. + +This insane volatility is used as a reason to halt GME for an indeterminate period of time while literally everyone gets involved in figuring out what's going down. This is the step I'm really excited about. Because once they pause the game indefinitely, we'll already be digging up the receipts on all the bananas manipulation taking place... All of which is public and distributed freely for criticism... And it won't be long before the short side of this bet start to cannibalize each other. + +Everything gets proven true, and the markets have a real problem, as they have no idea what to do with this debt that can't be paid. But you know how the assets in the derivatives markets dwarf actual value produced? Eventually, as they unwind the entire market, those of us holding our shares are going to need to get paid out, in what, dollars? That the FED controls? Nah, friend. + +If only there were a way to take he collective assets of every organization on the short side of this bet, and divide them out in an even distribution per share of GME held. It's the only way to resolve this problem. Divide all of their assets equally. But that's like an impossible task, right? If only there were some system of ownership that could automatically execute rules of its terms mathematically... Like some sort of... SMART contract... + +I want my winnings in ETH. Because they have to pay the price I want for my shares. And my price is literally everything they have. That may have been impossible before, but this is a modern age, and we can make that happen. And I'm not going to let them pay me my winnings in a currency they control. I want it in a decentralized ledger, in a currency they can't inflate. + +Because what it really comes down to at this point isn't phone numbers. I don't want phone numbers. I want to own the phone companies. I don't want cable tv, I want to own the networks. I don't want an abstraction of an abstraction of an abstraction of the value in a game you set up, in your casino. I want to shut down the casino. + +Buy. Hold. + +DRS. + +No cell, no sell. + +And I want my winnings in a non-state currency, and a decentralized ledger of ownership. + +Until ALL of those are met, they can talk, pose, scam all they want. I own my shares. I set the terms for their sale. + +"Fuck the G ride... I want the machines that are makin' 'em." + + - Zach De La Rocha + + +Holding until phone companies. + +Edits: Typos and shit. +I heard usury is not allowed so I googled Islamic banking just to see if they offer mortgages. It turns out they’re slightly different but are essentially the same thing. However, the rates seem much better and they even allow mortgages for investment properties + +Does anyone have any experience with loans like these? I got a rate from Guidance Residential and I’m pretty sure that I’ll go with them or a similar company for my next purchase +I'm reconsidering how to use my deferred compensation plan at work. I can allocate up to 30% of my eligible comp (\~ $100k ) into the plan and can set it up to pay me in even installments over 15 years beginning the year after I separate. I've been using it less aggressively but am considering maxing it out moving forward. Assuming reasonable market returns, if I max out the 30% I'll have an income of about $200k per year for those 15 years. I can easily max out the deferred comp plan and still maintain $100-200k/yr savings in my current accounts. + +Advantages: + +* Reduce tax burden now +* Good selection of investment options + +Cons: + +* If I decided to take another job the deferred comp would start paying out. I'm think its **very** unlikely that I leave, but its possible +* The asset liquidation is automatic and couldn't be delayed if there was a market downturn. I could shift the assets into something more stable than equities, but I'd be giving up on growth over those 15 years. This is my biggest concern. + +So, general question - are the tax benefits and company match worth the loss of control? + +Basic Info: 37, married, one kid. TC \~$700K, current NW \~$2.75M. I plan to work another 10-15 years. +So I took a personal loan of 10lacs from a bank through paisabazar and after submitting scans of all the documents **online** like (pan card, aadhar card and all the other required documents), my loan was approved by the bank agent and I got the money in my account. The complete process took 2 days. + +1 month after that, the same bank agent rings me up saying they want me to send **signed** copies of all those documents ASAP via indian post to the bank as they require it for an "upcoming audit". I refused to do so because why the hell would I give them anything AFTER I already got the loan? So began a series spam by the bank agent over text messages and phone calls asking for the documents. Should I send them or hold my stance? Any of you know of any genuine reasons why they might require my documents signed and sent physically after the entire loan disbursement is already done? +I came across this article from an economics professor that basically goes into more detail on the topic I used in the title. I’m curious as to everyone’s feedback on this idea because it seems to combine the two things typically advised against the most: taking money from your 401k and paying off your mortgage. + +The author proposes using the latest 401k tax adjustments from the CARES Act that waives the 10% early withdrawal fee, but also claims it would be savvy even with the fee. + +Do these rules continue to hold strong and this is a doubly bad idea or would unprecedented current events make you reconsider? + +I thought this was relevant to FI because housing costs are typically the primary concern for many. If paying off a mortgage earlier rather than later allows you to focus on additional savings and financial independence, is it worth it? Especially if you plan to stay in the same house for the next 10+ years and have another 20 or more left in your career. Personally if our mortgage were $500 a month, we would have a lot of freedom to decide what comes next and not necessarily take the highest paying job. + +[Read the article here. ](https://www.forbes.com/sites/kotlikoff/2020/04/08/given-current-rates-cashing-out-your-401k-to-pay-off-your-mortgage-can-make-you-a-bundle/#6ef7ed24b09b) + +Under the act, loan limits have doubled from $50k or 50% of vested balance (whichever is lower) to $100,000 or 100% of your account balance (whichever is lower) total without the 10% early-withdrawal penalty. + +I am by no means an expert on how the CARES Act work, but there appears to be two kinds of applicable benefits in terms of your 401k: + +1) Withdrawal - under the act, you don’t pay the 10% penalty normal to individuals under 59 1/2. Additionally if you replace the money within 3 years, you are able to recover the federal and state income taxes that apply to the withdrawal according to the American Retirement Association. + +2) Loan - To qualify, the loan must be made within 180 days after the act was passed. The participant won’t owe income tax on the amount borrowed from the 401k if it’s paid back within 5 years according to the American Retirement Association. +I everybody, would value some advice on the following: + +- Have been with partner for 6 years. I am in the fortunate position to be able to buy into their property (50%) at a nominal rate of $350k. +- this is not market, and the property itself is worth well over $1million. +- I have $225,000 saved at the moment. + +I am trying to work out whether to put a large chunk of this towards the property to minimise the mortgage OR whether I should put down a 10% deposit so I have some money left over for an offset or to put towards something else (another deposit, investments, some renovations). + +Due to my profession I would not need to pay LMI. + +The prospect of us being mortgage free in only a few years is really exciting. I have considered whether to buy my own property but have decided not to take this path just yet. + +What would you do? +Hey all. Looking for commentary and insights on how others made the transition from frugal to luxury living. + +I just applied to a country club and it’s a foreign thing for my Wife and I and we feel uneasy because we are such frugal people. + +For context the initiation fee and first year of monthly dues is about two weeks of income so logically this is not a lot of money for us. + +However, emotionally I’ve been very frugal all of my life. Living with roommates when I owned a rental property, never bought a vehicle newer than 4-5 years old, current house was under 200k, wife shops consignment stores for clothes. + +In the past two years I started making good income for the first time (about 10x my former day job) so I did what a frugal guy does. I maxed out retirement accounts, funded 529s, paid off our student loan debt and mortgage and did some house reno projects. We’re not RE but we are on a good path. + +I think the issue I have is somewhat of an identity crisis bc being frugal and a “smart spender” is a big piece of my identity. Joining a CC is not a good financial move for us (I’m not in local sales or anything like that where I might make it back). But I love golf, swimming w the fam, and a sense of community. + +How have others navigated this transition? I worry about life style creep quite a bit… are there any good rules of thumb for HENRY? We are mid 30s w two kids under 5. +Quoting Bloomberg. + +>Zuckerberg appeared red-eyed and wore glasses, the person said. Employees were told he might tear up because he'd scratched his eye. + +Sounds like losing 21 Billion in net worth over night will cause “eye scratching” + +Personally, I am actually long FB with 10 shares but I'd happily set that go to zero if it means Facebook goes down. Nothing excites more schadenfreude in me than Zuck losing billions. + +Anyways the metaverse is a stupid fucking idea. No one wants to wear goggles and completely immerse themselves in FB's dumb virtual world. +Whether things are going up or down , you just feel the constant pressure on your mind . You have to make so many decisions everyday in this market , but you have no idea about it . should I sell ? should I buy more ? what if this is the top ? what if I'm wrong about this ? +This doubt , uncertainty and constant anxiety are killing me . +I feel like my mind is a CPU that 80% of its capacity is used at any moment with thoughts about the crypto market . +There are always many huge gains that you're missing . + +Feeling regrets about coins you sold but went 100x after that . +Feeling that everybody got rich , even the most stupid people you know got rich by some random meme coins , without knowing a thing about bitcoin or blockchain , but you didn't . Even though you put so much more time and effort than them , been longer here , learned more than them about crypto , but it was all for nothing . + +yeah , I made some money off crypto and I'm not ungrateful , but it's nothing compare to huge gains of many people that I know . +It's not all about money , It's more about how I'm feeling about myself . I feel like a coward loser . +I didn't use this great opportunity properly and I'm afraid that I might never see something like that again in my life . + +Good, I’m glad Facebook took a cold hit, they deserve it. They’re one of the worst data collecting companies and they have no leniency when it comes to profit making. I don’t feel bad for them at all. They deserve everything they’re getting and more. Facebook should tank because it was never that good anyway. + +That being stated, this loss will, definitely, carry out to the Metaverse as well. And that’s even better. Yes, I say this with serious spite in my heart, but I hope that one fails too. Because if it is really led by the same people that made Facebook it’s going to be a data-collecting money shamble too. + +You get what you deserve Zuccerberg. + +Not only that, but the Zac is attacking small cap tokens out of the lake so that he could only lay claim on the crypto market, what an A hole man. I can’t believe there are so many good, and amazing small cap projects that will not see the light of the day because someone won’t let them. Tokens like the Royal Falcons Club won’t gain traction because the world is too distracted with the money trickle-down scheme of the Zuccerberg, again. + +Go back to the hole you came from Mark. You can’t rape this market too. +I have been digging deeper in the play-to-earn world since I've been a gamer for so long and want to start my journey in the passive income field since it offers players rewards in different forms. Most games will payout rewards in a combination of NFTs and in-game cryptocurrency which is the future. Now I stumbled upon something called 'Move to earn' in crypto which sounds interesting, how is this related to play to earn and what are the action steps to be involved in this? Hope I'm in the right place :) +I live in Missouri, and my company was just acquired 5 months ago. I was hired on for a new position, and was given 0 on-boarding or expectations, sales goals, etc. No employment contracts were signed. My supervisor has only told me great things about my work, and has told me repeatedly how excited he was to have my knowledge on the team. A business partner of my supervisor told me today I wasn't meeting expectations at the company and would be taking a 28% pay cut. I will also be working for him part time, and my other employer part time. (They both share partial ownership in the other's company) + +I know are there are some red flags here but I'm mostly wondering: +If I accept the pay cut, will it greatly affect my future salaries? +If I decline, can I file for unemployment? + +This was sort of a bomb shell for me, not really sure how to proceed. Any advice is greatly appreciated! +Guten Tag to this global band of Apes! 👋🦍 + +On this penultimate day of the trading week, we're seeing the effects of a sustained effort to suppress the price of GME. +While certainly effective at offering discounts, it does not seem to be shaking anyone's faith. +Apes continue to DRS every day, the SHFs continue to bleed heavily, and the SEC continues to ignore it all. + +Of course, the big news yesterday is that GameStop will be giving stock and increased compensation to many of the senior retail employees. +In reading the announcement, my lack of direct knowledge of how the retail stores are staffed left me a little uncertain how many of the employees will be impacted. +However, I see this as a bold move to help retain and reward the staff that the retail side of GameStop depends on. +This may be a reactionary move to try to stem the loss of store leadership to higher paying jobs, or it could be a proactive move to increase the sense of 'ownership' that employees have. +Whichever it is, I always like to see when companies take care of the people who work for them, and this is a move that seems to be in that vein. + +I managed to pick up a nice discount on shares yesterday, and am hopeful for some additional discounts today. + +Today is Thursday, August 25th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$33.13 / 33,35 €** *(volume: 2303)* +- 🟩 115 minutes in: $33.44 / 33,67 € *(volume: 2145)* +- 🟩 110 minutes in: $33.33 / 33,55 € *(volume: 1980)* +- 🟩 105 minutes in: $32.97 / 33,19 € *(volume: 1449)* +- 🟥 100 minutes in: $32.96 / 33,18 € *(volume: 1415)* +- 🟩 95 minutes in: $32.99 / 33,21 € *(volume: 1386)* +- 🟥 90 minutes in: $32.98 / 33,20 € *(volume: 1250)* +- 🟩 85 minutes in: $32.99 / 33,20 € *(volume: 1107)* +- ⬜ 80 minutes in: $32.97 / 33,19 € *(volume: 1107)* +- 🟥 75 minutes in: $32.97 / 33,19 € *(volume: 988)* +- 🟩 70 minutes in: $32.98 / 33,20 € *(volume: 968)* +- 🟩 65 minutes in: $32.93 / 33,15 € *(volume: 958)* +- 🟩 60 minutes in: $32.81 / 33,03 € *(volume: 933)* +- 🟥 55 minutes in: $32.80 / 33,02 € *(volume: 883)* +- 🟥 50 minutes in: $32.80 / 33,02 € *(volume: 875)* +- 🟩 45 minutes in: $32.81 / 33,03 € *(volume: 839)* +- 🟥 40 minutes in: $32.74 / 32,96 € *(volume: 833)* +- 🟩 35 minutes in: $32.75 / 32,96 € *(volume: 818)* +- 🟩 30 minutes in: $32.74 / 32,96 € *(volume: 695)* +- 🟥 25 minutes in: $32.71 / 32,93 € *(volume: 515)* +- 🟩 20 minutes in: $32.74 / 32,96 € *(volume: 448)* +- 🟩 15 minutes in: $32.69 / 32,91 € *(volume: 446)* +- 🟩 10 minutes in: $32.68 / 32,90 € *(volume: 446)* +- 🟥 5 minutes in: $32.49 / 32,70 € *(volume: 275)* +- 🟥 0 minutes in: $32.49 / 32,71 € *(volume: 262)* +- 🟥 US close price: $32.50 / 32,72 € *($32.69 / 32,91 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9934. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Ive been trading on a paper account for the last couple weeks to practice my technique. I use the exact amount cash equity I would use per trade, I enter and exit exactly when I plan to. + +I only trade in high volume stocks, with 10k-11k worth of shares per trade so I don’t think slippage will be a factor. + +My risk is only 1%-2% every trade, I don’t let anything run (either in my favor or against) + +Today I traded SESN, never even heard of it before and I was able to net $1k this morning trading it back and forth. + +Please crush my expectations because they are sky high right now. 😅 +Here is a screen capture of a video I found talking about short interest in 2006. The person narrating offers FTD' evidence in the video. On the lEft column is the date, and the right is the amount of FTD's. + +https://preview.redd.it/lw9dbzrdozf71.png?width=759&format=png&auto=webp&s=588fea2611b91e0e1c42b04b2cd8c0ca64aa4fbf + +&#x200B; + +https://preview.redd.it/73hym2ieozf71.png?width=759&format=png&auto=webp&s=fbf41842afb2360bd3d7711e1cc5177a4b7075e5 + +As you can see the FTD's all measure around $150,000,000 per day + +REG SHO Grandfather clause, " Grandfathered positions included those that existed prior to the **January 3, 2005** effective date of Regulation SHO, and to positions established prior to a security becoming a threshold security", is what opened the flood gates. + +&#x200B; + +https://preview.redd.it/9my7se2apzf71.png?width=728&format=png&auto=webp&s=561defda240148c849cf5ba2b3278843da2bc4a4 + +As you can see from the billions of FTD's in 2004, Market makers started selling Retail, IOU's. Cash always settles before stocks in the settlement process. When there is a blockage for the market maker, the system generates a IOU. + +The system also generates an FTD. When the DTCC comes asking for the shares, they show them far our of the money options, probably penny options, to the DTCC who adds up "long positions" then gives the market maker a seal of approval. + +The market maker then packages the large option positions and sells to a foreign extension of themselves where the FTD's are stored. + +&#x200B; + +Stick that in your back pocket. We'll tie that in, in a minute. + +&#x200B; + +Articles of interest with hidden information. Take note of the system risk involving what they found in Refco to American markets, and the "DEBT" in the 2nd article that led to the CEO release. + +&#x200B; + +https://preview.redd.it/87766vlbszf71.png?width=756&format=png&auto=webp&s=43ff4e765ce02336e86d101f58d0efaa18b76d97 + +https://preview.redd.it/r398xzc0tzf71.png?width=808&format=png&auto=webp&s=8a033eb383638896369afc65928396dc2efebaf3 + +&#x200B; + +[\\"The firm owed hundreds of millions of dollars that had been thought owed by others\\"](https://preview.redd.it/n4icrpdttzf71.png?width=813&format=png&auto=webp&s=4d7e7f6c31346e7550dde6f2835f18912f237360) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +What these articles tell us is that at some point in the early 2000's, market makers started selling retail billions of IOU's, pocketing the full price of the stock, packaging trillions of FTD's into options, then shipping those options off to extensions of themselves in FTD graveyards. + +The debt attached to each and every FTD, are date specific, The price the market makers were paid, is the same owed. That never goes up or down. + +What does all of this mean? The totality of the American debt, the entire American middle class, is sitting in foreign FTD graveyards, waiting to be discovered. + +Welcome to the bottom of the rabbit hole. + +&#x200B; + +Edit: I am not a writer and sometimes I forget that what I know, others may not. So, Refco scandal. If you read the Refco scandal you will see the original DD they conducted to try and hide their debt. This was put to use. + +&#x200B; + +https://preview.redd.it/wedrvl3lz1g71.png?width=1613&format=png&auto=webp&s=4b40913500b12a82f840c939ba8d01f3f3cd1497 + +https://preview.redd.it/orp0x50ry1g71.png?width=1618&format=png&auto=webp&s=d323d625838cb9823b7f5b1183e0e2c4722db226 + +The piece of evidence that prosecutors would not disclose to the public in this case was said to be toxic in nature to the markets. I speculate these were FTD's. + +&#x200B; + +https://preview.redd.it/nl19mk13qzf71.jpg?width=801&format=pjpg&auto=webp&s=eb45554f3cbf849e34d04deec7b58da3ba8ff47e +**Edit**: On March 25, 2014 the IRS released Notice 2014-21 addressing the taxation of bitcoins. This post was updated on March 26, 2014 to reflect the IRS's positions contained in the Notice. + +********************************* +**Introduction** +********************************* +I've noticed a significant amount of uncertainty around here about the taxation of bitcoins. In effort to provide some guidance , I've compiled some of the most common questions I've seen and tried to provide straight-forward, easy to understand answers. I am a tax attorney, but there is so much uncertainty surrounding bitcoins that I expect some people to disagree with one or more of my conclusions. If you have a contradictory opinion, please share it. We would all benefit from an educated discussion of this issue. + +Keep in mind this post is intended for a layman audience. If you are a tax professional or want a detailed examination of this topic, you find this post lacking. Please don't nit pick this post with technicalities or narrow exceptions, I purposely excluded such nuances for the sake of readability. + +I should note that this post does not address aggressive tax planning strategies. Such strategies are a lot of fun to discuss, but they do not belong in this type of post. If you are interested in such strategies, perhaps we can make a follow-up post on another day. + + + +******************************* +**Legal Disclaimer** +******************************* +This post was created for general guidance on matters of interest only, and does not constitute legal advice. You should not act upon the information contained in this publication without obtaining specific advice from a tax professional. No representation or warranty (expressed or implied) is given as to the accuracy or completeness of the information contained in this post, and I do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this post or for any decision based on it. + +CIRCULAR 230 DISCLOSURE +To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. + +THE AUTHOR +Tyson P. Cross is a tax attorney in San Diego, California representing individuals and businesses with tax issues related to Bitcoin and other cryptocurrencies , including tax return preparation, tax planning, and FinCEN compliance. He can be reached at Tel: +1 619-786-0641 or Email: tyson@BitcoinTaxSolutions.com. *(this information is to ensure I am compliant with attorney advertising rules).* + +*********************************** +**Topic 1: Realization** +*********************************** + +**#1: Are gains on Bitcoins taxable?** +Yes. This is one of the only unequivocal answers you'll find in this post. All income is taxable, regardless of source or form, unless the Internal Revenue Code specifically states otherwise. Bitcoins present a lot of interesting tax questions, but whether gains are taxable is not one of them. + + +**#2: When do my gains become taxable?*** + +Gains are taxable in the year they are realized. Realization occurs when you exchange bitcoins for any type of other property; such as cash, merchandise, or services. This includes everything from haircuts to yachts. Essentially, any transaction involving Bitcoin is a realization event and triggers taxable gain. *Note: IRS Notice 2014-21 expressly confirms this treatment.* + +Because I've seen a lot of misinformation on this point, I want to make myself perfectly clear. If you own bitcoins that have appreciated in value, you cannot use them to purchase goods or services without realizing gain. Such a purchase is an accession to wealth. It puts you in the same position as if you had first sold the bitcoins for cash and then used the proceeds to purchase the goods or services directly. Yet, one would be a taxable transaction while the other would not? The IRS would never tolerate such a blatant loophole, and neither would the courts. In fact, this exact argument has already been rejected for other types of assets. The outcome for bitcoins will be the same. + +Unfortunately, this has some serious implications for the future of bitcoin. I have to question the effectiveness of bitcoin as a medium of exchange when the user has to calculate his or her tax liability on every single transaction. As the saying goes, the power to tax is the power to destroy, and this is no exception. + +*Note: There is a code section that might provide some relief here, but only if bitcoins are categorized as a foreign currency. Under this code section, the use of bitcoin to buy goods and services would be tax free as long as the transaction was personal (i.e. not for business or investment) and did not generate more than $200 of gain. Unfortunately, the IRS ruled in Notice 2014-21 that bitcoin is not a currency for tax purposes. So, this code section is inapplicable unless the IRS changes its position sometime in the future.* + + +**#3: What if I sell my bitcoins but do not withdraw the proceeds from the exchange?** + +It doesn't matter, your gains were realized the moment you sold them. It is irrelevant whether the proceeds from the sale are kept in your bank account or your exchange account, you still have a realized gain for tax purposes. + +**#4: What if I exchange my bitcoins for altcoins?** + +This is a fair question and implicates what is known as a "like kind exchange." Like kind exchanges do not trigger realization, and therefore are tax-free. Although it's technically possible for bitcoins and altcoins to qualify for-like kind treatment, I think it's exceedingly unlikely. The regulations for like kind exchanges require the two property types to have the same rights, characteristics, and obligations. Whether altcoins and bitcoins meet this test is uncertain, but I would tend to think not. ~~Additionally, if characterized as a foreign currency, bitcoins would be automatically barred from like-kind treatment anyways. Thus, there are two significant legal hurdles that must be overcome before bitcoin and altcoins can qualify as for like-kind status.~~ Although nothing is for certain when it comes to bitcoins, I'm fairly confident that like-kind treatment will fail at one or both of these hurdles. Thus, I would not suggest that you try to qualify such a transaction as a like kind exchange until further guidance on this issue is given by the IRS. + +*edit: IRS Notice 2014-21 concluded that bitcoins are not a foreign currency, therefore it is possible that bitcoin can qualify for like-kind treatment if the "rights and characteristics" test is met.* + +**#5: So how can I avoid realizing gains on my bitcoins?** + +The only way to avoid realization is to hold your bitcoins without selling or exchanging them. If you were hoping for a different answer, I'm sorry. Whether you decide to actually report you realized gains is of course a different matter, but as far as the law is concerned, you have realized gains upon any sale or exchange of your bitcoins. + +**#6: How does the IRS know about my gains?** * + +The IRS only knows what it is told. This means that it has no knowledge of your bitcoin transactions unless someone tells them. Here are four way that can happen (others may exist). + +First, your bitcoin exchange or payment processor may report your transactions to the IRS. This would be done with a Form 1099, which you’ve probably encountered at one time or another in a different context. However, it does not appear that bitcoin transactions are currently subject to the 1099 reporting requirements (although that will probably change). Thus, unless they voluntarily file a 1099 against you, it is unlikely that the IRS will receive a report of your bitcoin transactions. Note that they would need your social security number to file a 1099 in your name. *Edit: IRS Notice 2014-21 clarifies that "payment settlors" who convert bitcoin payments to cash for merchants will have to file 1099s. IF you are not a merchant, than this does not impact you.* + +Second, your bank or bitcoin exchange might file a Suspicious Activity Report ("SAR"). US banks and bitcoin exchanges are required to file SARs for wire transfers that are “suspicious” and larger than $5,000 ($2,000 in the case of bitcoin exchanges). The meaning of “suspicious” is very vague and highly discretionary. Out of an abundance of caution, many banks automatically treat all international transfer as “suspicious.” So, if you’ve sent or received a wire transfer of more than $5,000 to/from an international bitcoin exchange like Mt. Gox or BTC-e, you can be pretty sure that your bank has already filed a SAR against you (although they are prohibited from telling you if they did, so you'll never know for sure). The larger and/or more frequent you SAR filings, the more likely they will become a legitimate red flag and trigger an investigation. Although FinCEN is generally concerned with money laundering activities, the IRS does have access to FinCEN filings and it is common for IRS special agents to participate in FinCEN investigations. + +Third, someone can rat you out to the IRS, which happens far more often than you might think. The simple fact is that people get jealous, and if they've heard that you've made lots of tax free money with bitcoin, they might get tempted to make sure justice is served. There's also that nice reward the IRS will pay them for snitching. + +Fourth, you voluntarily and accurately report your gains on your tax return. That might sound ridiculous to some people given the inherent anonymity of bitcoin, but there are some very rich people in prison right now who used to think the same thing about their Swiss bank accounts. The fact is that penalties for failing to report income are significant. This includes the possibility of criminal prosecution. You can also add to this the additional penalties for failing to report foreign financial accounts (discussed below), which can be even more severe. + +At the end of the day, you have a decision to make. You can comply with the law and pay taxes just like everyone else, which is admittedly unpleasant. Alternatively, you can violate the law and hope that you don't get caught. Maybe you will, maybe you won't. If you are caught, though, the amount of money you'll be forced to pay in penalties and interest will drastically exceed the amount you saved. That's not to mention the possibility of a felony criminal conviction and a prolonged stay at Club Fed. Personally, I have seen the havoc wreaked on people's lives by tax crimes and I would never want to be in their shoes. Neither should you. + +**TL; DR:** Gains on bitcoins are taxable income. They become taxable when you sell bitcoins for cash or exchange them for goods or services. The IRS does not receive any direct information regarding your bitcoin transactions, but it has other ways of finding out. The monetary and criminal penalties for failing to report gains are not worth the taxes you'd save. + +**Continued Below** +*Edit: This post has been edited since it was first posted. An asterisk was placed next to the questions that underwent more than just grammatical changes. Additionally, questions related to losses were inadvertently omitted from the first post, but have since been added back.* +Zero friends of mine are stacking Bitcoin. + +Zero family members are stacking Bitcoin. + +There is zero Bitcoin talk around me. + +Only one other co-worker I am aware of is stacking Bitcoin (great for him!). + +We are still so early it’s not even fair for the rest of the world. Congrats on being here… now. You are literally the cliff of your family’s generational wealth. You just gotta do 3 things: HODL, STASH and BE PATIENT. +I have been here several years (long enough to remember a man crying in wolf mask as his paper apple gains disappeared on a live stream) and this gme run was crazy entertaining. I did not partake but watching this on the news and seeing the subreddit logo was great. However, it’s reached the point where it’s ruining this sub. Jeff Bezos stepped down and Amazon and Google reported earnings which used to be big days on this sub, but I see nothing but a sea of gme. Thanks for checking out this subreddit but when this gme run ends please post your loss porn so I can beat off and then leave this subreddit. Also the guy who lost 765k today your loss porn was great you can stay. That’s the yolos this sub was built on not one share of gme bets. +Hi guys, I'm really new to Bitcoin. I'm from Honduras and I put up all my savings to buy Bitcoin recently in Feb, 2nd. I really don't know why I did it but I thought it was a good investment because here in my country keeping your money in the bank is useless (like 1% annual interest rate) and is not convenient to keep large amounts of cash due to the high crime rates. So I put up all my savings, even convinced my mom and family to buy and they did it!!. And to my surprise in less than 1 month it went from 37K to 56K USD. This is mind boggling and a life changing experience for me and my family. Maybe I'm dreaming but if it goes up even more I'll be able to buy a house or start some business here. + +I really see now that BTC is the future, sadly not every one I talk about BTC understands or trusts it. + +Thank you for this awesome community. +Just finished watching the playing with FIRE doco. Anyone else find it terrible underwhelming? I felt like it was a poor portrayal of what FIRE is. For those who haven't seen it, it follows this couple who are seemingly grossly financially irresponsible who decide they are going to persure FIRE. Instead of learning some basic personal finance and creating sustainable lifestyle change they uproot their lives, burden their family so they can live rent free for a while and then complain how hard it is. It was incredibly unrelatable. Where was the meaningful discussion on principles of index investing or a more detailed look at their expenditure. And all this talk of FIRE being some movement is so cringy. Its just a cool concept that brings together some responsible personal finance and conscious consumerism. Would have loved to have heard more from mrmoneymustache or the mad fientist. Anyway, I'm sure it well received by some so tell me what I'm missing. +Sorry for more property related spam. + +Considering buying our first place and getting a bit stressed at the prospect. + +On one hand, it looks like the market is only going to trend down for a bit. And it'll be interesting what happens when all those 2020 fixed loans end. + +On the other hand "time in the market, not timing the market". + +But back on the other hand, we could probably FIRE faster if we keep pumping the ETF's. + +How do you guys handle the stress of big financial decisions and feel confident in whatever decision you make? +Guten Morgen to this global band of Apes! 👋🦍 + +As we enter the final month of the year, I want to thank you all for maintaining such a wonderful community here. +A consistent bright spot of this movement has been this community. +I am sure that many, like I, would have moved on long ago if not sustained by the various elements we find here. +Between the fantastic DD that has been crafted and scrutinized, memes that give laughs, support of reforms, and actions such as the wave of DRS, it is this community that will ensure the MOASS. +Our Diamantenhände are stronger together. + +Today is Thursday, December 1sh, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$25.99 / 25,05 €** *(volume: 1823)* +- 🟩 115 minutes in: $25.99 / 25,05 € *(volume: 1763)* +- 🟩 110 minutes in: $25.97 / 25,03 € *(volume: 1688)* +- 🟥 105 minutes in: $25.96 / 25,02 € *(volume: 1688)* +- 🟩 100 minutes in: $25.99 / 25,05 € *(volume: 1688)* +- 🟩 95 minutes in: $25.96 / 25,02 € *(volume: 1643)* +- 🟥 90 minutes in: $25.96 / 25,02 € *(volume: 1640)* +- 🟥 85 minutes in: $25.97 / 25,02 € *(volume: 1640)* +- 🟥 80 minutes in: $26.03 / 25,08 € *(volume: 1632)* +- 🟥 75 minutes in: $26.04 / 25,10 € *(volume: 1572)* +- 🟥 70 minutes in: $26.08 / 25,14 € *(volume: 1528)* +- 🟩 65 minutes in: $26.14 / 25,19 € *(volume: 1527)* +- 🟩 60 minutes in: $26.00 / 25,06 € *(volume: 1527)* +- 🟩 55 minutes in: $25.88 / 24,95 € *(volume: 1402)* +- ⬜ 50 minutes in: $25.88 / 24,94 € *(volume: 1402)* +- 🟩 45 minutes in: $25.88 / 24,94 € *(volume: 1402)* +- 🟩 40 minutes in: $25.87 / 24,94 € *(volume: 1402)* +- 🟥 35 minutes in: $25.86 / 24,92 € *(volume: 1402)* +- 🟩 30 minutes in: $25.86 / 24,93 € *(volume: 1402)* +- 🟥 25 minutes in: $25.86 / 24,92 € *(volume: 1129)* +- 🟥 20 minutes in: $25.87 / 24,93 € *(volume: 1114)* +- 🟩 15 minutes in: $25.87 / 24,93 € *(volume: 1110)* +- 🟩 10 minutes in: $25.87 / 24,93 € *(volume: 1110)* +- 🟥 5 minutes in: $25.86 / 24,93 € *(volume: 909)* +- 🟥 0 minutes in: $25.88 / 24,94 € *(volume: 555)* +- 🟩 US close price: $26.21 / 25,26 € *($26.24 / 25,29 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0376. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I have only 3 years credit history, but alot of debt. Im planning on tackling all the debt first before fixing credit. But hypothetically speaking, if i payed all my notes on time and there was no debt, how long would it take? +I have some parameters to enter a position and I keep looking at 2/3 stocks at a time. But I only have a laptop and it's really difficult to move back and forth on the screens to identify potential entries. Sad part is I miss out on quite a few opportunities and realize only after the ship has sailed. Have you guys in this situation ? should I focus only on 1 stock or just get a bigger monitor ? thanks ! +I’m 22 and I am struggling to make a decision and was looking for some Reddit advice. I know this is also a common topic that is discussed but I also want to know what people think about this portfolio setup. + +A Reddit user who goes by vanguardsucks posted about a solid dividend income portfolio. The 4 stocks he recommended are as follows: + +1. DIVO +2. JEPI +3. NUSI +4. QYLD + +I was crunching some numbers and if I had 100 shares of each at a cost of $14817 I would have an annual dividend return of $1100.3184 (this is under the assumption the dividend is stagnant at last months payout). This is a 7.43% return a year not including asset growth or loss. + +Although I can try to make a higher growth portfolio that will bring in higher asset growth I like the idea of monthly income. This could help pay my college debt as well as help me retire early in the future. + +I think what has me hooked on dividend/income investing is the concept of compound interest and how it can exponentially accelerate growth over time. + +Is this something people generally shy away from at a young age or is it personal opinion based off of goals? Any advice helps💰 + +If I didn’t articulate anything correctly or left some info out please lmk + +Edit 1: I already have a decent sized growth portfolio ($7000) but I would stop contributing to that and just let it ride while aggressively contributing to dividend stocks +SCHD is YTD -11.81%, while it is strictly speaking a negative number it's not so bad compared with the rest of the market, but could we do better than this? + +Taking a look at its 4 top holdings: + +|Ticker|% holding|% away from ATH|p/e| +|:-|:-|:-|:-| +|MRK|4.56|\-3.58|17| +|PEP|4.43|\-5.20|24| +|AMGN|4.35|\-11.41|24| +|KO|4.27|\-8.24|26| + +I get that those are great companies and I'd like to have them in my portfolio but I think they're currently a bit too expensive to buy them right now. I'm not trying to time the market, but rather buy companies at a discount. + +ie SCHD has 4.12% of CSCO, which currently trades at 42.60, p/e 12 and it had a drop from the 1st of Dec 21 of -33.73%, seems that is fairly valued than the other 4 I mention. + +The question is, why buy SCHD instead of buying its individual stocks when they drop at some point so you can get better prices having a similar portfolio? +I keep seeing a lot of posts talking SCHD and VTI (I’m holding both) but it seems that ARCC is still a solid choice and has been holding up well in this market. I plan on picking up more but am curious why I haven’t seen more recommendations on this one. +SCHD is YTD -11.81%, while it is strictly speaking a negative number it's not so bad compared with the rest of the market, but could we do better than this? + +Taking a look at its 4 top holdings: + +|Ticker|% holding|% away from ATH|p/e| +|:-|:-|:-|:-| +|MRK|4.56|\-3.58|17| +|PEP|4.43|\-5.20|24| +|AMGN|4.35|\-11.41|24| +|KO|4.27|\-8.24|26| + +I get that those are great companies and I'd like to have them in my portfolio but I think they're currently a bit too expensive to buy them right now. I'm not trying to time the market, but rather buy companies at a discount. + +ie SCHD has 4.12% of CSCO, which currently trades at 42.60, p/e 12 and it had a drop from the 1st of Dec 21 of -33.73%, seems that is fairly valued than the other 4 I mention. + +The question is, why buy SCHD instead of buying its individual stocks when they drop at some point so you can get better prices having a similar portfolio? +Even though I sold all my stocks, I was able to earn $7.49 dividends in February from 8 different companies. I will start to rebuild my portfolio starting with $50 in March. I expect to finish the year strong. See my [dividend income report](https://www.dividendportfolio.com/dividend-income-report-february-2020/) for full details. +I started a custodial account for my child that is currently 1 years old. I created it to start a dividend profile. What dividend stocks do you recommend me choosing for the account…Currently has $500 from his birthday in there .. +["Everyone agrees that it’s appropriate to divide the **space** of a portfolio between different asset classes,"](http://www.philosophicaleconomics.com/2016/01/movingaverage/) i.e., dividing your portfolio between different asset classes (e.g., 60% stocks and 40% bonds). However, it remains controversial to divide the **time** of your portfolio between different asset classes as market conditions change, also known as market timing. It is an alternative to maintaining a singular asset allocation over time (or changing your asset allocation in response to non-market conditions, like your age). Despite its poor reputation, the data show that market timing beats time in the market (at least since 1871). + +The premise of the strategies discussed in this post is simple: things that are trending down tend to keep trending down, and vice versa. I won't get into why this is true (though as I've [written about previously](https://www.reddit.com/r/investing/comments/4rugv1/what_wilt_chamberlain_can_teach_you_about/), investors aren't rational, and tend to panic sell during a down trend and pile in during an up trend), just that following market trends has been beneficial since 1871. It's the premise behind trend following, which has been practiced for [hundreds of years](https://www.google.com/search?q=david+ricardo+trend+following). (Disclaimer: these strategies are not new and not my own). + +The scope of this post is the US market, specifically the S&P 500 index and the 10-Year Treasury Bond ([GS10](https://fred.stlouisfed.org/series/GS10)). Historical data was obtained from [Professor Shiller](http://www.econ.yale.edu/~shiller/data.htm) (most well known for [CAPE](https://en.wikipedia.org/wiki/Cyclically_adjusted_price-to-earnings_ratio)). Total return (including dividends) is used for the S&P 500 and monthly returns for 10-Year Treasury Bonds (Long Government Bond pre-1953) are calculated using Professor Damodaran's [methodology](http://www.stern.nyu.edu/~adamodar/pc/datasets/histretSP.xls) (which isn't 100% correct, but is close enough). The strategies are rebalanced at the first of every month. And by the way, I'm only calculating [Sharpe ratio](http://www.investopedia.com/terms/s/sharperatio.asp) after 1934 because the risk free rate I'm using is the yield on the [3-month Treasury Bill](https://fred.stlouisfed.org/series/TB3MS). + +The two strategies both use a [simple moving average](http://www.investopedia.com/terms/s/sma.asp) (SMA) and are described below: + +* SMA(10) - When the price of the S&P 500 index closes below it's 10-month (200-day) SMA, sell the S&P 500 index (stocks) and buy the 10-Year Treasury Bond (bonds). Keep holding bonds until the price of the S&P closes above it's 10-month SMA. +* SMA Cross - When the 50-day (2.5-month) SMA of the S&P closes below it's 200-day SMA (also called the [death cross](http://www.investopedia.com/terms/d/deathcross.asp)), sell stocks and buy bonds. Keep holding bonds until the 50-day SMA crosses above the 200-day SMA (also called the [golden cross](http://www.investopedia.com/terms/g/goldencross.asp)). + +These two strategies will be compared against buying and holding each of the following asset allocations: + +* 100% stocks (again, total return of the S&P 500 index, including dividends) +* 100% bonds (10-Year Treasury Bond) +* 63% stocks & 37% bonds (it turns out that since 1871, both of the SMA strategies are in stocks about 63% of the time and in bonds about 37% of the time, so I thought this would be a more interesting comparison) + +[Market Timing Strategies - Statistical Comparison \(1871 - 2017\)](https://imgur.com/L9dVKGU) + +[Marketing Timing Strategies - Growth of $100 \(1871 - 2017\)](https://imgur.com/Z2sUhkz) + +Obviously, these strategies have worked very well historically. The returns by decade are shown below. + + +[CAGR by Decade for Market Timing Strategies \(1880s through 2000s\)](https://imgur.com/RaB5GZD) + +The only decade where the S&P 500 Total Return outperformed both market timing strategies was the 1990s. Below are charts showing how the CAGR, Sharpe ratio, and maximum drawdowns (from starting year to 2017) change as the starting year changes. + + +[CAGR vs Starting Year for Market Timing Strategies \(Starting Year to 2017\)](https://imgur.com/m1xdQ19) + +[Sharpe Ratio vs Starting Year for Market Timing Strategies \(Starting Year to 2017\)](https://imgur.com/wzbHSa1) + +[Max Drawdown vs Starting Year for Market Timing Strategies \(Starting Year to 2017\)](https://imgur.com/0lNrx72) + +These charts tell the same story, with the market timing strategies leading the pack regardless of the starting year. The max drawdown chart is interesting because you can clearly see recessions and how each strategy performed by the magnitude of the drop. + +Speaking of drawdowns, the 100 largest drawdowns of the S&P 500 Total Return and the corresponding drawdowns of the market timing strategies are shown below. + + +[100 Largest Drawdowns of the S&P 500 Total Return and Corresponding Market Timing Strategy Drawdowns \(1871 - 2017\)](https://imgur.com/HcydXuE) + +The data depicted was not organized for individual recessions, so there is some overlap and misrepresentation. The raw data with associated dates is [here](https://imgur.com/rkUfLUE). + +Saving the best for last, the base rates for the strategies are below. + + +[Base Rate Comparison for Market Timing Strategies \(1871 - 2017\)](https://imgur.com/jiu5tXO) + +These base rates tell you what % of time each strategy has resulted in a positive (1-, 3-, 5-, or 10-year) CAGR. For example, for 3.4% of the rolling 10-year time periods between 1871 and 2017, you would have lost money (return less than 0%) by being invested in the S&P 500. Or, there was an 89.9% chance that you'd have a positive return on a 10-Year Treasury Bond during any given year between 1871 and 2017. + +Base rates can be very helpful psychologically; knowing how often a 3-year losing streak has happened in the past can provide a frame of reference when trying to decide to change strategies or stick with it. + +Using more powerful tools, these strategies can be tested and implemented with more recent data. Below are results for both strategies using SPY and IEF from 1999 to present. (I know that IEF was only introduced in 2002, but the site I use has extended the price for this and many other ETFs backward to maximize usefulness in backtesting). + + +[Detailed Statistics for the SMA\(10\) Market Timing Strategy Using SPY & IEF \(Jan 1 99 - Sep 18 17\)](https://imgur.com/PQvOdiv) + +[Detailed Statistics for the SMA Cross Market Timing Strategy Using SPY & IEF \(Jan 1 99 - Sep 18 17\)](https://imgur.com/BKpyOQe) + +Switching out ETFs (e.g., SHY to short the market instead of IEF, just going to cash, using a more bullish ETF), using exponential moving averages instead of SMAs, combining market timing indicators, implementing these timing rules into other portfolios (stock or ETF), and many more permutations are all things to explore. + +Future posts include more market indicators as well as economic indicators (such as unemployment rate, and how well it's worked since 1948 when it was first published) that can be used to help inform your investment decisions. + +I recommend [further reading](https://www.aqr.com/-/media/files/papers/aqr-a-century-of-trend-following-investing.pdf) by people smarter than me, if you're interested. + +edit: thanks for the gold! +I'm a 31-year-old freelance writer with a minimalist approach to living and hope to be able to put FIRE into practice eventually. I need a smartphone for work and my beloved Android phone finally died a death after 4+ years. I did some research into phones and decided on an older iPhone, the 5s. Simple to use, good size, it was on sale because it's an older model, and I had vouchers to use in Argos (the store I got it from in the UK), which meant it was a pretty good deal. + +I went into the store to pick it up and the guy who was selling it to me pretty much openly mocked me - "they still make THIS?", "I didn't even know we still sold this model", it was as if I'd asked for an eighties brick phone, not a perfectly functional modern smartphone that does everything I need it to do and more. He took his own iPhone 7 out of his pocket and started showing me how amazing it was. I asked what was different about it and he looked at me as if I was a complete moron and said 'this is the LATEST model'. He clearly thought I was insane or stupid for buying the 5s, or maybe just too poor to afford anything better. + +As he rung up my purchase, he was complaining about having to work overtime because he'd had an unexpectedly high electricity bill and I had to bite my tongue to stop myself suggesting that if he hadn't just spent almost £700 on a brand new phone for no apparent reason, he'd have that money and more in the bank. I'd never so clearly seen the forces of marketing in action before - this guy with a minimum wage job who was barely getting by felt like he needed the latest, newest phone just because. And he was mocking me for having researched an older model so carefully and made sure it met all my needs before I parted with the money for it. It made me more determined than ever not to be one of those people who mindlessly consume and throw their money away that they work so hard for. Eye-opening. +Tesla plunged 10% in extended trading after posting a larger-than-expected loss on Wednesday in a second quarter earnings update. + +Here’s what Tesla reported, versus what analysts expected based on average estimates compiled by Refinitiv: + +Loss per share on an adjusted basis: $1.12 vs. 40 cents expected + +Revenue: $6.35 billion versus $6.41 billion expected + +That compares with an adjusted loss of $3.06 per share on $4 billion in revenue during the same period last year. + +Although the electric car company fell short of analysts’ expectations, it reaffirmed full-year delivery guidance, saying it still expects to sell 360,000 to 400,000 vehicles this year, mostly Model 3s. + +Tesla delivered around 158,200 of its cars to customers in the first six months of 2019. It has to deliver more than 200,000 in the back half of the year to hit the low-end of its guidance. The company says it has a weekly run-rate of 7,000 Model 3 vehicles, and aims to be able to produce 10,000 Model 3s weekly by the end of 2019. + +To make high-volume sales of the Model 3 possible, Tesla said in its second-quarter letter, it plans to improve production at its existing factories including its battery plant outside of Reno, Nevada and a car assembly in Fremont, California. + +Tesla is aiming for a start of production of the Model 3 in China by the end of the year, which will allow it to benefit from lower costs to deliver to customers there, while reaping the rewards of local regulatory credits. + +The company recently achieved a record in terms of vehicle production and deliveries, selling 95,200 vehicles during the second quarter and producing 87,048 cars during that period, it said earlier this month. + +&#x200B; + +Elon musk tried to explain why the reason behind the 408 million dollar loss in the earnings call. + +Full earning call here: [https://youtu.be/9v5TNJ4qDQg](https://youtu.be/9v5TNJ4qDQg) +Bought a house for $75,000 to rent or sell. We spent about $6,000 remodeling it + some time (I'll est 20 hours). I have an offer to buy it for $115,000 or rent it for $1200 right now. + +$115,000 - 3% commission - Doc Stamps = $110,745 then we have short term gains of I'm guessing 24%. I'm guessing we'll net around $22,500. + +Or I rent. $1200 \* 12 = $14,400. Deduct $250 for HOA but it includes Lawn Maintenance. $1700 for taxes per year. The unit is built in 2005 and I just remodeled a lot so it shouldn't have much maintenance. Say $12,000 profit per year before taxes. + +I don't exactly need the $115,000 back at the moment. Don't even know where it would go except if I found another flip. + +I'm thinking at least rent for a year to see how it goes and get to the long term capital gains bracket on it. +How much of your own money did you start your journey's with? + +I don't have deep pockets so I would be starting with as little as possible if possible. +Assuming all of the $250,000 can be poured into real estate investments (be it buying, flipping, etc.) Assuming there are no other properties currently owned, how to proceed? + +Any advice relating specially to New Hampshire or Upstate NY areas would also be awesome. Thanks! +I am trying to find a nice home for my old grandpa to live the rest of his days in and I can not believe the prices for a developing country whose economy is deeply suffering. Even the decent small homes are in the $200k USD range! This type of purchase is not exactly something you can get a mortgage on so that’s why it’s difficult to see such high numbers. +When leasing my rental properties, I normally list them as no smokers, no pets. One of my current tenants does have a small dog. + +Had somebody reach out to me, whose mother lived next door to one of my rentals. She told me that her mother passed and in the same paragraph said that they are putting the house up for sale. I hate to be a vulture, but I feel that she told me this because she knows that I buy houses and rent them out and was trying to get me involved. I have not breached the topic with her yet, but her mother and daughter lived in the house and both smoked. Standing outside the front door, with the door closed, I could smell cigarette smoke. + +Has anybody ever dealt with trying to get that smell out of a house? I would prefer to continue my current policy of no smoking no pets if I do purchase the house, I need to find a way of getting the smell out of there before showing it. I know all soft objects (curtains, carpets, carpet pads, etc) will have to be removed, and I'll probably have to paint everything in the house. Anything else? Anything that can be done with the hvac? + +I'll hit Google up and YouTube while waiting for responses here. Thanks. +Hi All, + +I wanted to share my strategy with you all this weekend and as a byproduct stroke my own ego. Here is the screen shot of performance: + +&#x200B; + +https://preview.redd.it/wgnrk9h6awf61.png?width=960&format=png&auto=webp&s=187c7a10ddc23ef25f15996884ce240348246dec + +I benefited from one key point. When March dip happened my analysis pointed to a V-shape bounce back which I think will continue for the foreseeable future. + +What I did was use 80% common shares and 20% options strategy. When things got interesting I would even use synthetic shares (long calls/short puts). I do NOT use leverage which helps me sleep better at night. Do not do what I do but just read it as entertainment. + +I do almost 100% of my DD on options strategy and anything interesting that I cannot be bothered with I buy common. When I buy calls I go heavy. For example look at my calls for my latest DD: + +&#x200B; + +https://preview.redd.it/vd78alz7awf61.png?width=693&format=png&auto=webp&s=5d5dbf063960d701662924fd3f64d06c17e4ae80 + +In this current environment with stimulus pending it pays to be aggressive. Dance till music stops. + +I like to publish my DDs because people can have a constructive discussion about it. For those of you who want to see the type of DD I do here is what I did for my current bet: + +========================= + +Funko is a deep value company left for the dead, but analysts are slowly waking up to the idea. It’s a reopening play. It is the most similar stock/company to GameSt0p. It is very cheap. It’s new expansion in Europe is not priced in. Collectors are going nuts over Funko Pops due to stay at home. Prices for Pops are increasing. It is becoming the new beanie baby fad. Downside is limited but the upside is massive. + +&#x200B; + +https://preview.redd.it/o2qraze9awf61.png?width=1030&format=png&auto=webp&s=9d3deb449d993dfe22620668f9509b18294ec8e6 + +&#x200B; + +https://preview.redd.it/hjgyt6jaawf61.png?width=911&format=png&auto=webp&s=ae5bf00080178193db7af3dc25c673c58f609235 + +**Sales trends have reversed and going up:** Funko saw a sharp drop in demand about a year ago. Hence the price dropped in anticipation of low demand. But that trend was temporary as you can see in google trends graph demand is back. So now it’s a cheap deep value stock that is poised to make a comeback. It’s cheap with lots of upside potential. At all time high it was $29.08. When it was selling less pops it was more expensive. Analysts haven’t realized that Funko sale trends have reversed. The price is suppressed due to being lumped into mall/retail business but Funko pivoted hard to ecommerce. + +**Collectibles are back:** We saw the price of Pokemon cards, Silver, used games, and collectible stamps go up during pandemic. The stock price for GameSt0p, Collectors Universe, et st has gone up. Funko has all the same characteristics but because it’s a smaller company no one really woke up to its potential. + +**Ecommerce expansion in Europe:** European payment processors are reporting high transaction volume in regards to Funko. This made me clue in to the increased demand driven by e-commerce. Most analysts are using USA data but the is missing a major part of the expansion plans that Funko set in motion in 2019 and became fruitful in the second half of 2020. + +**Reopening stocks are poised to outperform**: If you are not interested in any other thesis about the company a simple sector rotation is the only reason many need to buy this retailer. Will the malls open in 3-4 month? Yes. So this will jump back up to its previous levels just by the virtue of that fact. + +**Great collaborations:** Need I say more? Disney has been killing it and their pops are produced by Funko. The following is from their website: + +&#x200B; + +https://preview.redd.it/vdu9zgrbawf61.png?width=1478&format=png&auto=webp&s=faee254977e31aa89ef9958f180f6d61f9d43846 + +**New Fad of collecting Pops: (This is the new Beanie Babies)** A world record was set just recently for collecting Pops. You just have to do a simple YouuTube search. It's nuts. The most impressive is that 1.7 million people viewed the video. This brings attention to the hobby of collecting pops and people who were buying little have started buying more. Prices for out of production lots have started going up. + +**Clear uptick in demand.** These are trends for Funko on google shops: + +&#x200B; + +https://preview.redd.it/wfyma7tcawf61.png?width=1027&format=png&auto=webp&s=fa81cacb00fd2355dd0a834ff51fde522bd50a2f + +**Analysts are waking up to the trend:** Funko had a sell/hold rating just last month. Look what’s happening. Now it has a Strong buy/Buy rating. The price is going to reflect this soon. + +&#x200B; + +https://preview.redd.it/euppe6pdawf61.png?width=344&format=png&auto=webp&s=19276a5b966aef8ab49411809e1923f452738260 + +**GameSt0p Similarities:** GameSt0p sells Funko Pops and have full shelves dedicated to this. People are going to go to GameSt0p more and Funko will benefit from increased foot traffic. Buying Funko now is like buying GameSt0p when it was below $5. Profits are made before the run up starts. The run up on Funko is starting now. It has taken the first step of it’s spirit to new all time highs. Funko is the most similar company and stock to GameSt0p. +That was when FB was at $20~$22. But now, Facebook is at $50 range. I think this is one of many examples where redditors in /r/investing can predict things wrong, even if majority of redditors agree with the idea. + +I remember last year nearly everyone going nuts when any redditor posted a link/text saying that they just bought FB and going long on it. After going through this experience, I feel like redditors in /r/investing has a norm which is nothing different from all people outside of /r/investing, and redditors in /r/investing are not exceptionally good at understanding markets just like all others. + +Here are few examples I found. + +http://www.reddit.com/r/investing/comments/y9vty/i_just_invested_240_into_facebook/ +http://www.reddit.com/r/investing/comments/xj0mz/advice_on_what_to_do_with_facebook_stock/ +http://www.reddit.com/r/investing/comments/14svel/is_anyone_shorting_facebook/ +http://www.reddit.com/r/investing/comments/17kewh/facebook_fb_q4_earnings_to_be_posted_today_what/ +http://www.reddit.com/r/investing/comments/y0g5o/netflix_ceo_puts_1_million_into_facebook_stock/ +http://www.reddit.com/r/investing/comments/xin8n/how_low_is_facebook_going_to_go/ +http://www.reddit.com/r/investing/comments/y5ctt/268_million_more_facebook_shares_will_become/ +**Edit 5ish:** + +Thank you all so very much for your help. A few things I've done/we're working on: + +* I called two of the credit card companies and asked about hardship programs. I don't have the cards (I don't remember where they are because my brain just isn't today) but I was able to get some good info so he can call or I can call once I remember where the cards are +* I left a message with the local credit union to see about counseling and/or a personal loan +* I called one of the hospitals to explain what happened and ask about financial aid (I thought it was too late). Learned they didn't have or run things through insurance. Provided insurance. Husband helped me with application last night and I emailed everything this mornig. Between the two, we should be getting some money back. +* Husband met with friend who he has done work for who owes him money and outlined payment plan thing (not the right description, but brain can't) +* Will be "meeting" (over the phone) with a loan person a good friend recommended to figure out some stuff there +* Still working on the budget (husband worked extra yesterday then had to make a pharmacy run, which is never quick and then helped me with the hospital aid application). Already stopped using cards and...something I've forgotten, but this is still an urgent priority and in progress, just thought the thing that gets money back to us should get done asap. +* I feel like there is more but I can't remember. Still need to organize replies/suggestions and make a list then of course work on doing the things. + +I am going to take some meds that make it harder to think (the don't operate fork lifts sort) but doing so much stuff has made stuff flare up and I can't put off dealing with it any longer or I risk bad stuff. Again, I can't say how much I appreciate all of the help and time people have given. + +Last bit, I really wish I could change the title because while he put used the credit cards, the expenses are both of ours. I not only didn't mean or want to throw him under the bus, I don't want others who have been in this situation to feel hurt by it either and better phrasing would have helped people help better (and not waste their time on things that don't apply because I was not clear). I'm not editing the original bit of the post, though, because I think it is unfair to peole who replied with just that information (also not what exactly I'm trying to say but I cant' get closer). + +&#x200B; + +**Edit 4:** + +Thank you all so, so much for your recommendations. We are going to go over our stuff tonight, make a budget, and figure out specifics (I'm really sorry for not including those. I feel bad that I haven't been able to give good answers to everyone's questions). + +My cognitive issues make things tough and I'm really overwhelmed and anxious, but it really helps to have some guidance and a starting point. I appreciate everybody's time a lot. + +I'm not sure if it would be better to update this or make a new post after I have specific numbers, but I'll do something. + +**Original Post Bit** + +Hi all and thanks in advance for any advice. + +I recently found out that my husband has 50k in credit card debt. Cards are all in his name. I don't know the specific interest rates unfortunately (will be getting access to things for transparency soon). + +No car or other loans. The mortgage is in my name only and owe 40k on a house valued at about 135k. + +What are our options? Sorry if I've left important info out. I'm not doing the best mentally so my focus is not focusing well. + +**Edit to add** I'm disabled and debt is due to car repairs, medical bills, etc. Had I known, I'd have kept the bills with the hospitals and set up payment plans, but I can't do a do-over. + +**Edit 2:** Husband brings in about 60k a year before taxes and takes on extra work (freelance, stipend work at main job) for a couple of extra thousand a year. I am disabled and bring in...like 15k. The mortgage with taxes and insurance is about 500 a month. I'm not sure what the other bills are. + +I'm so sorry I'm not super helpful. My brain just doesn't cooperate and trying to even just figure things out is making my brain even less helpful. + +**Edit 3:** I have to head to a medical appointment but I will check in again in about an hour to 90 minutes (from 10:30 am EST). +I'm interested in everyone's expectations in the market next year as we enter into an interesting situation with inflation, supply constraints, constant pent-up demand, interest rate hikes (later), and faster tapering. + +I'll give my expectations here first + +I think that inflation will remain fairly high through 2022 but it won't be at the levels that it is now, maybe around 3-4%, which puts most bonds at negative real rates right now, forcing investors if they want a real return to go into the equity markets and/or chase high yield bonds. + +When the federal reserve starts hiking interest rates I personally don't expect that they will raise them at a very fast pace however if inflation doesn't start taming down they might. When rates rise the risk-free rate rises and its effect on equities is usually bad. As the discount rate rising the price that investors are willing to purchase a security will decrease or at least for institutional investors won't which of course make up most of the market. I think that may not be the case next year however because if investors still need to go into the equity market to chase real returns, the equities should still rise. I'm worried that equities are already in a slight bubble and that another year of these returns could show a market correction back down. If I was a betting man I would assume that within the next 1-3 years there will be a negative return in the S&P500 which has only happened once in the last 12 years. + +Investors still can't enter into the bond market without giving up a return. Sure an investor can buy futures contracts on treasuries because they expect an upward shift in the yield curve, which I expect to happen, to get a higher yield and decrease their interest rate risk. However, if you cannot accurately predict when the fed is done raising rates then that won't help you as when you are obligated to buy those treasuries you will have interest rate risk issues. Buying short-term bonds to help with duration would help that problem but those also will more than likely result in a negative real return anyways if inflation doesn't cool off and the equity should've been the move anyways. + +I would say that the Financial Services sector will benefit from the rising yields especially as corps and people demand large purchases as demand is hot. + +I would also say that Industrials and Cyclicals will outperform as demand will drive the Cyclicals and the Industrials from infrastructure and servicing the demand in Cyclicals. + +I think that elevated Materials prices will fall, hurting that sector. + +Staples could be a hedge against a downturn in the market which I expect in the coming years. + +Technology and communication services may have a bumpy road ahead with rising rates because the discount rate increasing hurts them the worst. Comm services wouldn't be as greatly affected but because of high tech companies in the space. More value may be the direction to take. + +I'm always bullish on healthcare as innovations and rising populations will always benefit that sector. I may change my focus away from Biotech and into more stable earning healthcare companies. + +Personally, I think Value over Growth or at least blend. + +And this is of course not financial advice just my personal opinions on the market next year. +My wife is the primary breadwinner, currently on £42,000. + +Due to a recent change in line-manger, her job has become a nightmare. Huge amount of stress and depression-inducing. + +She's still on probation and her current manger is arguing she cannot perform to the standards of the job. Her manager is making it very clear she expects my wife to resign and will seek termination if she does not. + +Normally, we'd just start looking for other jobs ASAP but my wife is pregnant and due in April. I'm not sure how that will affect her ability to 1) get a new job and 2) receive maternity leave/pay when the baby is due. + +Long-term we were planning for me to go part time to look after the kid, but we were relying on maternity leave/pay for the first year after the baby is born. + +If she loses her job then that's a massive hit to our household income. I currently make £31,000 (hopefully rising to £34,000 in May). + +Our biggest expense is £1000 a month for our mortgage, fixed-term until August. + +Maybe I'm misinformed but I think we're too close to the birth for my wife to secure a job that will also provide maternity leave/pay. Any advice on our options? + +**EDIT:** Thank you so much for all the responses! We both felt that resigning was doing her manager a favour and didn't feel it was the right option, so it's very reassuring to see the majority of responses agree. + +Right now our priorities are: + +1) Seek legal advice. +2) Seek union support (my wife is a member of unison). +3) Cut non-essential expenses as much as possible. +4) My wife is putting her CV out there and maybe something will turn up. + +Regarding the probation: my understanding is that it does entitle her to full maternity pay even if her probation was extended. However, I think it also gives the employer much greater flexibility to seek termination, hence the worry. + +She has just come off sick leave (1 month) due to the stress and was hoping that her manager would work with her on a performance development plan. Her manager hasn't even given her any SMART goals or objectives, so it sounds like they're not even trying. I think this gives us a fairly good case to show that her manager isn't doing her due diligence in seeking to improve the situation or my wife's mental health. + +I'll update when we've got some legal advice and know more about our options. +**TLDR at the bottom.** + +I started investing in Ethereum early this year, and the more I understood ETH, the more of a no-brainer it was as an investment. I'll be breaking down ETH for the newcomers, and also for the people already in crypto that hasn't had much opportunity to look into Ethereum, to show you how ETH has the potential to surpass BTC, because of its endless utility. Please be advised, this is just based on what I have learned so far since I started dabbling in the crypto space, if there are any inaccuracies, please feel free to point them out. + +**Disclaimer: We are in the middle of a bull market right now, prices may fluctuate so always do your own research before buying. This is not investment advice, merely an explanation of what Ethereum is, and why I decided to invest in it.** + +# Utility as a Commodity + +On the Ethereum platform, Ether (ETH) is the native token used — meaning ETH is used to process any transaction and changes on the Ethereum blockchain. To power applications and transactions, users and developers use ETH as “gas”, also known as the fee, in order to “fuel” the applications that run on Ethereum. Miners that validate transactions are rewarded through earning the "gas" fees. + +Gas prices for transactions vary depending on the difficulty of computation. The more complex the transaction, the more expensive it’ll be. For example, sending ETH from one wallet to another is not as much compared to doing a loan on DEX liquidity pools to take advantage of an arbitrage gain. **Since ETH is the network's gas, it has utility rather than just being a pure store of value like Bitcoin.** + +As the Ethereum network expands and more developers come into the ecosystem, ETH's demand will increase. The Ethereum network is also constantly breaking ATHs in terms of network traffic and transactions, another sign that utility and demand increase relative to time. Think of it like ETH being oil in the real world. Society needs machinery and vehicles to function, oil powers it, thus, more and more people would want oil in a society where oil is heavily demanded. + +[ Breaking ATHs in daily transactions ](https://preview.redd.it/rbytmy5l5kv61.png?width=2500&format=png&auto=webp&s=215ac20747b40f4127ec939bc82aaadd5ea207fc) + +[ Breaking ATHs in gas used daily ](https://preview.redd.it/n1b16dpn5kv61.png?width=2486&format=png&auto=webp&s=c4dcab0d305aa4bc658a134442d01b653f93bb17) + +# Utility in Applications + +Other than functioning as the network's gas, ETH has a lot of purpose in decentralized finance applications (‘dapps’ or ‘DeFi apps’ for short). An example of this is Maker. Maker allows users to use ETH as collateral, allowing you to generate a stablecoin, pegged to the US dollar, called DAI. Other dapps like AAVE or COMP allow users to use DAI or ETH as collateral to take out loans. Users can then put their loans into a "savings account", earning a nice APY %. If I were to dive into the Defi use cases of ETH, this post will be super long, so I will keep this part short. + +ETH, in short, can be considered a **yield-barring asset**, allowing users to explore a whole new financial world, and gain access to more capital in the decentralized finance world. As of today, over $50 billion is locked in DeFi apps, and this amount is also rising. Developers are also flocking to the network, finding new ways to innovate using the network. This already gives ETH so much upside. **Unlike a lot of current cryptocurrencies out there, where users are simply holding, buying, and selling them, you can use ETH and in very very real ways with tangible benefits.** + +[ Total value locked is increasing, relative to time ](https://preview.redd.it/bkrl3llq5kv61.png?width=1180&format=png&auto=webp&s=d1c650a20255c3f9d1258cffbd8d2110b1239bb8) + +# Utility as a Base Pair + +Back in 2017, a large reason for Bitcoin's boom was because it was the only base pair with other altcoins. This meant that people looking to buy altcoins had to first buy Bitcoin, and then swap it with the altcoins they were buying. + +Looking into the DeFi space, we currently have Decentralized Exchanges (DEX for short), like Uniswap and Sushiswap, that use ETH as the main trading pair for ERC20 tokens/altcoins. This means that anyone who wants to purchase new coins and fund projects that are not yet out on centralized exchanges like Coinbase or Binance has to own some ETH before they are able to swap. This gives ETH utility as a base pair and is the "big boss" of the DeFi ecosystem. + +# Utility as a Store of Value + +Ultimately, like any other cryptocurrency, and with the increased exposure cryptocurrencies, in general, are getting, ETH will continue to see a gradual increase in its price. There are upcoming projects to improve ETH, like reducing the gas fees on the network. + +People would see Ether as an attractive store-of-value investment in order to capitalize on the potential growth of the Ethereum platform. + +Over the past weeks, in the midst of this bull run, we’ve seen ETH ETFs raise [hundreds of millions of dollars of capital](https://decrypt.co/68802/ethereum-etfs-trading-volume-million) — with big institutions and investment firms getting involved. Like Bitcoin, institutional investors and retail investors will want to get involved with an asset that can act as a hedge towards fiat. Long-term investors can also stake their ETH, generating more ETH over time. Pair that with the gradual increase in the price of ETH, the passive income one can generate through ETH is a lot more than with traditional fiat currency. + +# Conclusion + +To conclude, Ethereum is an asset like no other. **It is money, a commodity, and a yield-bearing asset all in one.** Owning ETH is like owning programmable money, and quite frankly, that is why I invested in ETH. I'm not in it for a quick buck, I just see it as a whole different type of digital asset that I will be involved with over the next decade or two. + +**TLDR: Wanted to create a post that newcomers can read and understand more about ETH. ETH has incredible utility as a currency, commodity, base pair, and a store of value.** +As a new trader, I’m currently in the midst of my first significant losing streak, and as awful as it feels, I knew this would be part of the game if I chose to go down this route. (Don’t worry; I’m reviewing my trades, continuing to practice my strategies via back testing, and asking questions every day to find out why they haven’t gone my way recently.) + +If you don’t mind sharing, I’d like to hear your stories about losing streaks you’ve gone through. They could be about consecutive losing trades in a day, consecutive red days/weeks/months, or just periods of time when it seemed like a winning trade only happened once in a while. How did you deal with them? How did they effect you psychologically? How did you snap the streak(s) ultimately? + +Thanks in advance for sharing! +The new Inflation bill will tax stock buybacks at 1% starting next year. Do you think this will impact companies decisions to buy back stocks? Will companies rush to buy back before the end of the year? + +What other ways will companies use the money if not buy backs? + Hello, + +Me and my wife currently pay for 3 days a week in nursery at £37 per day. £444 a month, reduced to £355 after the tax-free childcare scheme. We do not have much disposable income following this payment and both typically end the month in our overdraft. + +Two days a week, my son is with my parents, but they are struggling with health. So, we are now looking at putting our son in nursery full time which will be an extra £236 per month to find. Bringing the monthly payment to £591 after the tax-free childcare scheme. It doesn't make financial sense for one of us to drop a day in work sadly. + +We have a mortgage to pay (£560), home improvement loans various household bills but we are cutting it too close for comfort. When my son turns 3, we get 30 hours free childcare which will be a blessing. We just need to cope for 12 more months! + +We have 2 cars. 2014 plate fiesta 3 door. Not practical, but we own it outright and running costs are minimal. It's low millage and reliable. + +I have a low millage 2017 plate Ford Ecosport which I pay £106 a month for. I owe around £3.8k on the finance and it's valued at £8.2k (webuyanycar quote). I am not overly keen on the car but it's practical. + +Now I am weighing up the pros and cons of selling the EcoSport. I will be £100 a month better off in terms of monthly bills and have around £4.4k left after the sale (if I get 8.2k). If I use £1,000 to buy a very cheap run around just for myself for 12 months, then I will have around £3,000 left which will cover 2/3 days in nursery for 8 months odd and ease the financial stress. + +My only real negative is that if I use all the money from the car, I lost a huge asset and will have to start again at some point if I ever wanted a newer car, which means probably hefty finance payments in the future. + +What are your thoughts? +http://www.arabianbusiness.com/saudi-groundwater-will-run-out-in-13-years--621171.html + +> Saudi Arabia’s groundwater will run out in the next 13 years, according to a water expert at King Faisal University, reported the Saudi Gazette. +A faculty member at the university, Mohammed Al-Ghamdi, made the announcement following an issued report by the World Bank on global natural water scarcity. +“Official estimates have been disclosed showing an acute drop in water levels in agricultural areas, and that indicates the seriousness of the situation,” said Al-Ghamdi. +**The drop is largely due to agricultural consumption, which makes up 95 percent of total usage.** Industrial and human consumption make up the remaining 5 percent. + +> **Saudi Arabia relies mainly on its groundwater, which accounts for 98 percent of its total water sources**, and water from desalination plants. +According to Al-Ghamdi, the depletion causes a threat to main crops like wheat, barley, forage, and fruits, which use large amounts of water. +He said the only way to solve the problem is to renew groundwater. +Prince Faisal bin Bandar, governor of Riyadh, also called for the conservation of water as well as energy, another excessively used resource in the Kingdom. +“Water and electricity are very important to each and every one of us. Let’s conserve them and use them properly and wisely,” he said at the Saudi Forum on Water and Electricity on Sunday. +However, Saudi’s Water and Electricity minister said the country will need an investment of $133 billion (SR500 billion) for power projects over the next 10 years to cope with rising demand. + +Guess they'd better hope oil prices head north of $100 soon... +I am a high earner (i.e. above the regular Roth IRA income threshold, $250k/year) + +Last year I followed the rules and I feel I made a mistake. + +I contributed $6,000 to a Traditional IRA with after-tax money, waited few days for the money to 'settled' and then converted the money to a Roth IRA. So far so good. + +When I filed my taxes, I paid \~$2,000 in extra taxes. + +Is that normal or did I do a mistake ? + +Edit: I used a CPA to file my taxes. + +Edit 2: This is the 8606 form was filled. Line 16 and 18 has 6,000 on them and that's it. [https://imgur.com/a/xVOAZvR](https://imgur.com/a/xVOAZvR) + +Edit 3: Based on some comments that mention pro-rata rule, I have rolled over previous 401k in a Rollover IRA (opened at Vanguard). My gf (high earner as well) paid this extra $2k when she filed as well. So I would understand for me, but not for her. +I'm pretty sure the majority of people who post "can't wait to see the look on my accountants face when I drop 100 pages of transactions" are just saying it as a joke. But for the noobs who actually think you need an accountant to do your taxes now that you're a big time trader... + +**It takes 10 minutes to do yourself. Use TurboTax Premier. Your broker will give you a 1099 consolidated statement, which has the 1099-B. You just input the Total of all transactions.** Do not input each individual transaction unless you're the type of person who also likes to do waste of time activities like writing checks to pay for everything and filling out your check register. + +Here's where to find the totals by brokerages I have used: + +* IBKR (Interactive Brokers) -summary 1099-B table on page 2, literally takes up just 1/4 of the page. This is my true degenerate account - and I have 40 pages of transactions behind it. +* Schwab - ok, Schwab sucks. It doesn't have a summary 1099-B table so you have to go the very end of each section for short-term and long-term transactions to find the relevant totals. So that might add 2 minutes. Plus, just their layout sucks, so it's a much bigger document. IBKR is my true degenerate account, so I probably have 10x the number of transactions, yet IBKR was 40pages while Schwab was 100+ pages +* Vanguard - Summary table page 1. +* Robinhood - just kidding; I'm not 15 years old, so I use real brokerages. +Let's take a look at USDCAD daily chart + +https://preview.redd.it/dxyvwfmkmue41.png?width=1274&format=png&auto=webp&s=1e17c1cb8270f5a1534a73ac2693ca45b30d0b0c + +As you can see it is approaching a very strong resistance area. + +So, a rejection at this resistance looks probable. + +It would be a good idea to watch the price action in the 1.3300-1.3350 area. + +Any kind of rejection or a bearish impulse in the lower time frame will indicate the presence of sellers. +I'm calling this a breaker for simplicity sake. This entry technique is based upon the idea of a break and retest, but with a higher probability. The idea is to use this on a lower timeframe after you've found a setup and use it ideally during periods of high volume (London open or New York session). + +The difference between this setup and your usual break and retest is that more attention is given to the candles themselves. If you don't already know, each individual candle has its own support and resistance levels (its upper and lower shadows). How these levels are broken or traded into is indicative of momentum. + +I won't go into great detail here, but essentially what you're seeing in these "setups" are large orders with negative positions. The theory (like with the regular break and retest) is that once price retraces back to breakeven, those large orders will be closed and in doing that they take the opposite side of the market - if you are in a long position, you will have have to sell in order to close your position and vice versa. + +NOTE: the candle that breaks the engulfing pattern must close below it. If it just wicks it, the setup is invalid. The individual components are labeled 1 & 2 in the chart with a few examples. + +https://preview.redd.it/mbualkycwtx81.png?width=1176&format=png&auto=webp&s=5cd0e6dcaf95d83d07cc1989d045d9f43d8bc24c +So, basically, I started trading at age 14. I have studied, completed free courses, tested a few strategies, demo traded, traded a bit of real money, and I still can't seem to be profitable. I've been trading using only price action and support and resistance, and have a few signals I regularly take, but I am generally about breakeven, no more, no less. Any help? +Hello PF, I just got a new job that drastically increased my salary. However, the firm and its employees take efforts to present an upscale image. I have a paid off, older Ford Fusion with a ton of miles on it. It's not in the best shape and I've sunk decent amount into maintenance and repairs over the last year. Anyway, a part of my job is to ferry clients around occasionally. It's been strongly expressed to me that I should consider getting a new car that presents such an upscale image. + +Like the title says, I have received a significant salary increase. However, I am building my EF and paying off my high interest debt. I don't disagree that it is time to get a new and presentable car. I've never been a car person and I don't really care what I drive but I understand where they are coming from. Does PF have advice on getting such a vehicle? Should I consider a lease? +We've been searching for a home for a year. A lot was browsing before formal loan approval to get a feel of an area. + +Last year from August to December, inspections had anywhere from 40-50 people a home (not joking). You'd need to line up to view it. +Over the weekend we went, and it's changed a lot. It was just myself at a few inspections. And other ones had no more than five people viewing. I know this isn't a metric to gauge, but it felt like things were slowing down. + +Do you think the floods and war have affected buyers' confidence? Petrol is growing to $2/litre, and inflation seems to play on people's minds. + +Any real estate agents want to give their 2 cents +Hello all, + +I have been wanting to make this post for awhile, but never sure where to post it. I see some career stuff posted here from time to time. Since this is an Australian sub-reddit, I feel it's more appropriate to post here. Sorry if it's not the right sub or post you are expecting here! I'm semi ranting, but also reflecting on my past few months that has been a rollercoaster of emotions. + +I started at a global property company a few years ago. I worked my ass off for them. I was the typical 'long hours badge of honour' servant, that would work obscene hours for people that pretended to care. I was a senior in the team and would train and guide people. I would take on training for 4 new people whilst maintaining my responsibilities. I absolutely loved training and helping the team. I knew the system and processes inside out. + +Our managers and boss were great at pretending to be good people. They would offer us time-in-lieu, but never give it when we needed it. They would offer us to finish work early, yet give us ridiculous tasks to complete with stupid deadlines. We were short a person after they managed out a colleague of mine, and the rest of team suffered with more work and they refused to hire another person. + +They would also externally hire senior staff than internally promote very capable people. I voiced this was terrible for team morale but it fell on deaf ears. Of course. + +Despite this, I was fucked in the head, and loved work and working. Even though I was tired, burnt out, I would still grind it out and I wanted a promotion. + +I was told that I would be promoted; that if someone left, they would promote me in a heartbeat! I was so excited. But I could not wait for someone to leave to be promoted. + +A few months passed and I was headhunted and offered an attractive salary + great career opportunity. I took it, since I felt that it was not fair to myself, or anyone else, to wait. I handed in my resignation and did regret it. Keep in mind, I was super comfortable here. + +A week after my resignation, a manager resigned. That timing absolutely killed me. We also had a new starter (Person X), which I was scheduled to train before I finished up. + +I felt it was now or never, ask if they would give me that managerial role, and I would fuck this place off so fast. The call I had was like having a conversation with a child. My manager said (about person X), "I'm hiring someone that can do more work than you, better than you, with more experience than you. Why would I give you this promotion?". Uh, because you said you would. + +I got a kick in the guts really. Being compared to someone that had not even put 1 second into working here. + +I respected her opinion and I took that and finished off the call. At least I asked. + +I start my new job, and people in my old team are dropping like flies and no one is getting the support they need. They offer me my old job back but with a $8k increase. I said I wanted more, and the managerial role. They said no, and these were their reasons: + +1. I'm emotionally immature for discussing stresses at work with the juniors. +Am I meant to make them feel alone? It is a stressful job. We aren't talking about it to externals. We have a right to discuss these things and vent. Yes, it's healthy in my opinion. +2. I'm emotionally immature for calling out when our client sent us tasks that I deemed to be 'unproductive' and 'inefficient'. +Yes, because they were, and time consuming. And I knew that in the system, it could be automated, but they wanted this done manually to fuck us for fun. +3. I already left once, what if I wanted to leave again for more money? +Treat us properly, listen to us, pay us properly from the beginning and I wouldn't need to. + +After all of this, they gave person X the managerial job. This person didn't know the processes or system and has no managerial experience. I was gutted obviously and I also hated my new job with a passion. That is another story that isn't worth mentioning. I moved after 1 month and I'm earning more and in a better place overall. + +The lessons I learnt: + +1. Always have your own back at work and NEVER expect or trust that your company has some growth or plan for you. No, you have your plans for yourself and you stick to YOUR agenda. As soon as you don't suit their plan, you are out. Treat them the same. +2. Corporate people hide under the guise of being professional. They're all psychos and maniacs, that manipulate and are the childish and emotional ones that will use it against you if they see a sign of weakness. Don't trust them. Keep your cards close to you, and if you want to speak your mind, say it well and calmly. +3. There is a job out there but doesn't require you to sell your soul to do well. Don't work 8am - 9pm. Seriously. I'm still burnt out from my time at my old place. When you finish at 5pm, log off, go for a walk, go watch TV, go be with your family and enjoy your life. That computer screen will slowly eat you alive and they don't give a shit about it. +4. Have your own boundaries. Never enter a job thinking you need them. They need you too. This is giving me r/antiwork vibes, but I can't stress this enough. +5. Don't get comfortable if you can help it.