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winddude

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reddit_finance_43_250k

like 40

z3ecyv

Watch out for those fake Black Friday deals this year

It's a lot of items I've been watching for months. And a lot of them I've seen with the sale price they've done had maybe weeks ago. But you'll see places like Amazon and others trying to label it as a "Black Friday" sale. It took me a while to really catch on to when people will tell me Black Friday is a scam. But each year I really start to see it more and more. Like one thing I've noticed about Amazon specifically with having items saved in my Wish List. Is they like to play around with prices all the time. You can have something like a set of towels. That when you initially found it was maybe $24. But then a few days later it's $15 then next week it's $30. So be careful out there this year if you are Black Friday shopping. Don't get fooled by these big corporations and their fake sales labeled as a Black Friday sale. Just to draw you in and get your money. It's a dirty game they like to play.

povertyfinance

Good points. One way of thinking about shopping that I find useful, especially this time of year, is asking myself how much value I will get out of an item. Then I ask if the price is what I am willing to pay for the item based on the value I will get out of it. If buying one of the item makes sense, what about two, three, or more? That method helps me tune out the noise and hype of holiday marketing and make smarter buying decisions.

mpsyyn

A possible way to avoid Dark Pools

**I've seen some comments in other threads that this is a shill post due to issues IEX is experiencing. I wrote this because of this tweet:** [**https://twitter.com/BetterMarkets/status/1381747873788932103**](https://twitter.com/BetterMarkets/status/1381747873788932103) **and the article it links to:** [**https://bettermarkets.com/newsroom/better-markets-files-amicus-brief-fight-against-predatory-high-frequency-trading**](https://bettermarkets.com/newsroom/better-markets-files-amicus-brief-fight-against-predatory-high-frequency-trading)**.** Relevant post: [https://www.reddit.com/r/Superstonk/comments/mq60r8/iex\_exchange\_down\_twice\_today\_in\_the\_space\_of\_30/](https://www.reddit.com/r/Superstonk/comments/mq60r8/iex_exchange_down_twice_today_in_the_space_of_30/) ​ Hey Guys! edit: New format for legibility, it was a mess. **I was reading about:** The IEX (Investors Exchange): [https://en.wikipedia.org/wiki/IEX](https://en.wikipedia.org/wiki/IEX), this exchange purports to be an exchange that is friendly to retail investors. "IEX's main innovation is a 38-mile (61 km) coil of [optical fiber](https://en.wikipedia.org/wiki/Optical_fiber)placed in front of its trading engine. This 350 microsecond delay adds a round-trip delay of 0.0007 seconds and is designed to negate the certain speed advantages utilized by some high-frequency traders." Additionally they created the D-Limit Order to fight High Frequency Traders. [https://iextrading.com/alerts/?gclid=Cj0KCQjw38-DBhDpARIsADJ3kjkUf1YX2kUVNxyJ9ED4TMT-MwhzOcEl1yFsggqUlbU1ZC3WDQDMFsgaAtuMEALw\_wcB#/121](https://iextrading.com/alerts/?gclid=Cj0KCQjw38-DBhDpARIsADJ3kjkUf1YX2kUVNxyJ9ED4TMT-MwhzOcEl1yFsggqUlbU1ZC3WDQDMFsgaAtuMEALw_wcB#/121) ​ **The possible DFV references:** On March 26th DFV made a few tweets that didn't seem to make sense. DFV tweeted Flash Gordon a possible reference to the IEX as detailed in [*Flash Boys: A Wall Street Revolt*](https://en.wikipedia.org/wiki/Flash_Boys:_A_Wall_Street_Revolt) by Michael Lewis. DFV tweeted a cat slapping a drone, which is a possible reference to fighting the robotic or Trading Algos. ​ *Thanks to* [*u/TabrisSeele*](https://www.reddit.com/u/TabrisSeele/) *for contributed this link:* [*https://iextrading.com/trading/*](https://iextrading.com/trading/)*, it lists brokerages that will send trades to them.* ***Common Question:*** "Hey how come I see Citadel listed on IEX's website?" IEX is an exchange, like the NYSE, people trade there. It doesn't make sense for Citadel to limit who they trade with, but they will have a disadvantage when trading there due to the "Speed Bump" time delay. ​ *Contributed by* [u/OG\_simple\_rhyme\_time](https://www.reddit.com/user/OG_simple_rhyme_time) *This is from an article from one of the DDs from yesterday that appeared in 2015, who knows how bad its got since then:* *"In Connect, Citadel makes active retail orders it has bought from retail brokerages available to institutional investors and other firms.* *Very few stock orders that retail investors place with their brokers, such as Charles Schwab Corp, TD Ameritrade, or Fidelity, go through public stock exchanges, such as Intercontinental Exchange Inc’s New York Stock Exchange. Instead, the brokers send the orders to other brokerage firms like Citadel, or KCG Holdings, which trade against the incoming orders, and then send the leftovers to other internalizers, dark pools, or as a last resort, exchanges.* *By doing this, the retail brokers not only avoid paying fees to the exchanges for active orders, but actually receive payments and trading rebates from the off-exchange trading venues."* *All the brokers we think are clean, are doing all of retail very dirty. GLE* ​ **How to route orders to a different exchange:** Seems even routing to NYSE or ARCA directly is better than the default for many brokers who use Dark Pools/Citadel as a standard. If you don't have a brokerage that will allow routing **DON'T PANIC.** It is not necessary for people to switch, no broker is perfect (I see your Dark Pool Fidelity!). Stay where you are, the squeeze will happen or not. This post was more about **AWARENESS** of the options you may have when placing trades in the stock market. ​ **ETrade Pro** This is how I change it in ETrade Pro. I cannot find a way to change it using the WebPortal or Power ETrade. It looks like it is locked behind Pro account requirements. https://preview.redd.it/nkjcvav0ous61.png?width=1285&format=png&auto=webp&s=fa09121d0963cc389ff7ae47f517f24fa60b4178 **TD Ameritrade** *Contributed by* [*u/loldavelol*](https://www.reddit.com/u/loldavelol/) *TDAmeritrade offers Direct Order Routing to the Exchanges. "Direct Routing," as TDA calls it, allows you to select a routing destination for your stock or options order.* ***It is a feature that must be enabled. It is disabled by default.*** *When disabled, all orders on TDA are submitted via* [*\["Smart Routing"\]*](https://www.tdameritrade.com/tools-and-platforms/order-execution.page)*, listed at the bottom of the page:* >*Execution quality statistics provided by S3 Matching Technologies* *Which, if is the same S3 that reports SI, was recently learned to be owned by Citadel* [*\[1\]*](https://www.reddit.com/r/GME/comments/me2xrj/the_s3_partners_ownership_rabbithole/) *&* [*\[2\]*](https://old.reddit.com/r/Superstonk/comments/mo2811/let_me_tell_you_the_tale_of_s3_partners_a/) *Once Direct Routing is Enabled, this allows users to circumvent Kenny G from poaching orders by routing orders directly to the exchange floor via IEX, instead of through Citadel and NYSE/ARCA.* *The downsides:* * *Orders may not get the best pricing (pennies on the share, TDA quotes savings $1.27 per 100 shares)* * *Might be more susceptible to partial fills (IE: $135 for 10 might fill for 3 until 7 more are found).* * *IEX is also only available during regular market hours, so no access to AM/PM trading.* *Unfortunately, on TDA, IEX orders have to be submitted from the Stock Buy/Sell Screen and cant be routed from SnapTicket.* ***Conclusion:*** *If GME buyers started routing orders from their brokers through IEX then we would* *~~apply massive buying pressure to the share price away from the NYSE flow that Citadel Controls~~* *bypass Citadel as the MM.* *Bonus, Citadel sued the SEC after approving IEX as a pathway to the stock market.* [*\[1\]*](https://www.google.com/search?q=citadel+iex&rlz=1C1GCEU_enUS821US821&oq=&aqs=chrome.2.69i59i450l8.564081j0j7&sourceid=chrome&ie=UTF-8) >*“The SEC failed to properly consider the costs and burdens imposed by this proposal that will undermine the reliability of our markets and harm tens of millions of retail investors,” a Citadel Securities spokeswoman said in an email on Friday.* *Sounds like IEX is a threat to Citadel's position as an NYSE DMM.* *Contributed by* [*u/myco\_mage*](https://www.reddit.com/user/myco_mage) *I got my direct routing for equities on TD Ameritrade working. I guess I wasn't allowed to do it because I had something called "advanced features" activated The way you can tell is by going to client services>general>elections and routing And if you don't see a setting called "contingency triggers" under forex you have advanced features enabled. Contact TDA to get them removed* *Even with direct routing of equities enabled you won't be able to pick your exchange on the think or swim mobile app, choosing your exchange is limited to the basic TD Ameritrade app or the think or swim desktop application* ​ **TD DI** *Contributed by* [u/aholl50](https://www.reddit.com/user/aholl50) *Hey so I looked into TD Direct Investing (TD DI) for Canadian apes using TD Canada Trust and it seems all US-listed equities are routed through the TD Ameritrade arm and are subject to TDA default best execution protocol. Unfortunately, I cannot find any information on WebBroker for choosing a different exchange when buying using TD DI. Seems like Canadian apes using TD DI don't have the option of switching exchanges in this case, hoping others can keep digging and find more info or a potential alternative versus switching brokers.* *Sources: (*[*https://www.td.com/ca/en/investing/documents/pdf/direct-investing/client-disclosure-best-execution-and-fair-pricing\_EN.pdf*](https://www.td.com/ca/en/investing/documents/pdf/direct-investing/client-disclosure-best-execution-and-fair-pricing_EN.pdf)*) page 5 covers US Equities this then points me to this TDA document which confirms the above info regarding the need for opting in to direct routing as described (*[*https://www.tdameritrade.com/retail-en\_us/resources/pdf/TDA100533.pdf*](https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA100533.pdf)*)* ​ **Fidelity** Fidelity doesn't allow IEX, but pick another one, their default option goes through Dark Pools. This seems to be a proprietary Dark Pool, but who knows it's Dark in there. *Contributed by* [*u/Bot\_snot*](https://www.reddit.com/u/Bot_snot/) *I tried to look it up. Looks like it’s “directed trading”? I don’t see this exchange as an option though. I’ll look in ATP when market opens. The feature isn’t available to even poke around after hours.* *You can click “directed trading” here:* [*https://www.fidelity.com/products/atbt/help/ActiveTraderTools\_Trade\_Help.html*](https://www.fidelity.com/products/atbt/help/ActiveTraderTools_Trade_Help.html) *I found this* [*https://www.fidelity.com/products/atbt/help/ActiveTraderTools\_Trade\_Help.html#availableroutes*](https://www.fidelity.com/products/atbt/help/ActiveTraderTools_Trade_Help.html#availableroutes) *Contributed by* [*u/cioghosty*](https://www.reddit.com/user/lucioghosty) * *Download Fidelity Active Trader Pro here on PC or Mac:* [*https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview*](https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview) * *Once installed, log into your account* * *In the top Right, click Settings → Directed Trade* * *Under STOCK DEFAULTS, change Default Routefrom AUTO to XNYS (the Market Identifier Code for the New York Stock Exchange)* *Screenshot by* [u/SpaceTacosFromSpace](https://www.reddit.com/user/SpaceTacosFromSpace) https://preview.redd.it/xz3uq8i4wys61.png?width=759&format=png&auto=webp&s=2c3eb79585b39d97c489dc2c676dec919302491e ​ **IBKR** *Contributed by* [*u/LMD\_AU*](https://www.reddit.com/u/LMD_AU/) *IBKR - Reroute your buy orders to IEX Exchange - in order entry go to advanced - top left corner under "Destination"* *Contributed by* [*u/5tgAp3KWpPIEItHtLIVB*](https://www.reddit.com/user/5tgAp3KWpPIEItHtLIVB/) *I just checked IBKR, you can't "manually" route trades through the smartphone app, but you can when you use the full "trader workstation/TWS" application on PC.* *Contributed by* [u/osd775](https://www.reddit.com/user/osd775) *Ig default their buys through dark pools* *IG uses smart order routing (SOR) technology to search for liquidity across multiple venues, starting with 'dark pools' that offer mid-point matching – meaning you get the best possible chance of price improvements.* [*https://www.ig.com/sg/glossary-trading-terms/smart-order-router-definition*](https://www.ig.com/sg/glossary-trading-terms/smart-order-router-definition) ​ **Charles Schwab** *Contributed by* [u/cisconate](https://www.reddit.com/u/cisconate/) *Hey guys, for schwab you need to use streetsmart edge so that you can switch away from smart routing. To do this you need to use Streetsmart Edge available here:* [*https://client.schwab.com/secure/cc/trade/trading\_tools/sse*](https://client.schwab.com/secure/cc/trade/trading_tools/sse) *Streetsmart Edge has to be enabled by calling Schwab and having it enabled (there are no requirements its just not enabled by default). and enable Direct Access here (no published requirements, but disabled by default):* [*https://client.schwab.com/secure/cc/trade/trading\_tools/direct\_access*](https://client.schwab.com/secure/cc/trade/trading_tools/direct_access) *The only options available are NSDQ (Nasdaq) and ARCA.* ​ **Saxo** *Contributed by* [u/Nic0dk](https://www.reddit.com/user/Nic0dk) *Saxo bank traders IEX are used by default when using advance trading options like algo etc* [*https://csp.saxobank.com/news/press/saxo-bank-is-first-retail-platform-to-offer-direct-access-to-iex*](https://csp.saxobank.com/news/press/saxo-bank-is-first-retail-platform-to-offer-direct-access-to-iex) ​ **Revolut** *Contributed by* [u/MercurioGenesis](https://www.reddit.com/user/MercurioGenesis/) *I contacted Revolut this morning, and they back off to DriveWealth LLC. Not had time o pick up the conversation with them, but it looks to be out of Revolut's control / options.* ​ **Vanguard** Vanguard does not seem to allow changes to their "market center" settings. If you know otherwise please let me know. *Contributed by* [*u/pm\_me\_all\_dogs*](https://www.reddit.com/user/pm_me_all_dogs) *This says they use “market centers”:* [*https://investor.vanguard.com/investing/online-trading/orders*](https://investor.vanguard.com/investing/online-trading/orders) ​ **WealthSimple** *Contributed by* [*u/Daddygrez*](https://www.reddit.com/user/Daddygrez) *Our trades are routed to our executing broker who then routes the orders to the exchanges accordingly* ​ **Webull** *Contributed by* [*u/ChuyMasta*](https://www.reddit.com/user/ChuyMasta) *Response from Webull:* [*http://imgur.com/a/tLrd7zn*](http://imgur.com/a/tLrd7zn) *But Who knows if the rep knows what I was talking about.* ​ **eToro, Robinhood (HA), others** Unknown, unsupported, if you have information, post and I will add it!

wallstreetbets

Hey guys, for schwab you need to use streetsmart edge so that you can switch away from smart routing. To do this you need to use Streetsmart Edge available here: https://client.schwab.com/secure/cc/trade/trading_tools/sse Streetsmart Edge has to be enabled by calling Schwab and having it enabled (there are no requirements its just not enabled by default). and enable Direct Access here (no published requirements, but disabled by default): https://client.schwab.com/secure/cc/trade/trading_tools/direct_access The only options available are NSDQ (Nasdaq) and ARCA.

l9y346

Green Network Energy and Simplicity have gone bust

There was a post yesterday on Green.Energy looking like they may be in trouble, so I checked that they weren’t my provider (similar name) only to discover they went bust last week too. Here is OfGems advise: [https://www.ofgem.gov.uk/publications-and-updates/ofgem-protects-customers-failed-suppliers-green-network-energy-and-simplicity-energy](https://www.ofgem.gov.uk/publications-and-updates/ofgem-protects-customers-failed-suppliers-green-network-energy-and-simplicity-energy) and here is money saving expert advice : [https://www.moneysavingexpert.com/news/2021/01/new-supplier-revealed-for-green-network-energy-customers/](https://www.moneysavingexpert.com/news/2021/01/new-supplier-revealed-for-green-network-energy-customers/) As of this morning I’m now with EDF. I’m presuming as I’m in a new tariff, my first point of call is metre readings, but where do I send them? The advice seems to be to wait for EDF to contact me regarding what the new contract is before switching, but why am I waiting that long? Just to ensure EDF don’t muck up the switch over?

UKPersonalFinance

Just wait they will be in contact I was with tonik who went bust recently and got purchased by Scottish power I was in about £300 credit so I cancelled my direct debit straight away and Waited the next month I got a message to set up my Scottish power account and signed a digital direct debit set up I’m on a special tarriff that I can get out of whenever I want I’m planning to sell my home in a few months so I’m just sticking with it it did take about two months for my credit to move from one to the other

qqz41z

Paypal dispute claim: Buyer scammed me with $1700+ how to win

Buyer ordered $1700 worth of apple products which she paid via paypal, she asked me to have it delivered to her assistant (since she was on vacation) to which I did. disclaimer: \- she ordered under a different name vs her name on Paypal (but paypal email is the same as the one i am conversing with). Billing address is under a different name, Shipping address is under her assistant's name. I have all complete evidences via email stating that her assistant is to be the one to receive the package, she sent me the complete details (name, address, number). I sent the assistant text messages regarding the delivery and messaged her again to confirm if it was already received to which she clearly said yes. 5 days after, customer disputed unauthorized transaction, i sent evidences to Paypal, and days after she made another dispute saying items were not received (from unauthorized transaction to not received?). Paypal has not returned to me yet but im so scared that money may be refunded back to the buyer. I had the number traced and turns out this number belongs to a group of syndicate/scammers online but pretty sure that's illegal to even disclose to Paypal. How do i win this? :(

personalfinance

jeez not to sound like a dick, but how many red flags can you ignore? a name not matching, changing the address unofficially, communicating with an "assistant", the customers verified address being overseas, like if even one of these was the case you should have been suspicious. why would you think its illegal to tell paypal the number is used by a group of scammers? though im not sure that would even matter to them. an expensive lesson to learn. sorry this happened to you.

6vx0v2

Legit ways to make some extra cash online

I like spending, but I'm a college kid and it isn't exactly something I can do often. So I turned to the web, and found a few interesting ways to make a little extra cash. Add yours if you have some. 1) Freelancing. Sites like fiverr, freelancer, upwork, etc. Where you can make money doing almost anything. 2)Website testing. Pays $10/site, and takes about 20 mins max. 3) Surveys Payout isn't big, but you still get paid to give an opinion. Payout takes long too. I've used these. Anything else out there? Edit: website testing site is usertesting. Google it :) Edit 2: I am already working, just so you know. I'm an au pair. Edit 3: I live outside the US and the UK. I'm from South Africa, so some of your suggestions don't work that well... Edit 4: I'll make a comprehensive list of everything everyone has written here, and maybe post it later? Or pm me and I'll send it your way.

personalfinance

I did exam grading for Pearson. It was about $20/hr when I worked out how best to game it. The expected 4 week contract was completed in a little over 2 weeks because we graded all the papers too quickly but it was an easy $1,500. The problem was getting the work. I signed up to their list of potential graders and never got anything. Then about 18 months later I got a phone call and an offer. Then $1,500. Then nothing since.

nbt0q4

EBSC Token [ 8.2 million cap ][ 2 weeks old ] unbelievable usecase

Absolute best use case token, two weeks old and about to change the game - EBSC token Best new token with real game changing utility - EBSC Ebsc plans to be the innovator in the early crypto space offering the best in class multi chain launchpad which is already in development and launching in July . This month they will also do the second capital raise for their investment fund. The investment fund has been set up in the British Virgin isles and is the first of its kind with fund 1 already achieving 20x returns to date. This fund will offer never before seen functionality with up to date pricing which is far different from the typical hedge fund with at best quarterly statements We are also in full development stage of our bespoke education platform giving early stage crypto investors an outlet for educating themselves to navigate the space safely and with confidence. Early bsc will become the authority on what the early crypto space should look like and what early investors deserve as a standard 9874 holders and 50,000 usd burn at 10,000 holders https://t.me/ebsctoken 0x01a78db633940579e15e7bdb8edfee8ecdea4522

CryptoMoonShots

My confidence in EBSC is about as high as it can be. They have a great team, the upcoming launchpad looks fantastic, and the community consistently helps each other. This is what I'm looking for from up-and-coming projects. Very confident this one is going to take off.

m4hqax

Try DOGIRA, if you missed the HOGE rocket...

I know these DOGE clones pop up like weed lately and most of them are scam. But bear with me for a moment :). I recommended HOGE here when it was at 0.0008 (yeah a bit late), it almost 10x itself since then. By now it's pretty big and huge returns may not be feasible anymore. So I was looking for a new coin that could follow a similar trajectory, but entering much earlier. After about a day of observing and digging into DOGIRA (and well, after several go-nowhere rug-pull shitcoins), I think DOGIRA is the next promising moonshot project after HOGE, just that it barely started, while HOGE was already firing its afterburners when I recommended it here. There are several reasons: 1. **Dogira was audited by War On Rugs.** I also checked the contract and it looks clean, while most of these coins, even if they are not rug-pulls, usually copy from rug-pulls and you can still see that in the contract, not so with Dogira. Liquidity is locked in Uniswap for 3 months. 2. **Dogira has pretty cool and unique token mechanics that put the HOGE "buy the freaking dips" vibe into code and reward it heavily, while penalizing sells.** 3. **Dogira isn't even listed anywhere yet, it's** ***that*** **early guys!** 4. **Dogira had a presale and that presale sold at 0.0017$ per token. Now the token is prices 0.01$, which is about 6x only**. It also sits in a dip right now after reaching for 0.02$. This is big guys. Normally all these low-cap coins are just dumped on Uniswap with like 10k liquidity and then the first people on it are making a killing by loading up their bags for almost free. Not so here. Most people paid a decent price. Of course right now a lot of people are sitting at 5 to 20x from their entry, but that is much better than what most other coins offer you, where early holders may have a 100 to 1000x advantage over you. This matters, because these early holders have a big incentive to dump on you, and since liquidity is lacking, this could cause an equivalent of a rug-pull. Dogira is safer here, because no one yet made a killing from it. 5. **Dogira partnered with FEG**. FEG is much further along in the game than Dogira and their official partnership will eventually lead to Dogira becoming stakable in farming pools and of course members will join from FEG for higher profits here. 6. **Dogira is taking community contributions and "buying the dip", both of which made HOGE moon so quickly, to a next level.** Instead of just chants, you get actual rewards for these actions via token mechanics (read more below). ## Token Mechanics Every 10th buy gets a substantial bonus. If you buy quickly after a sell, you get an extra boost as well (more details below).Every transaction redistributes 1% to all holders (you earn interest just by holding, no staking needed) and 1% goes into a special wallet called Dogecity. That wallet is used to reward community members for their contributions ([Dogebliss](https://docs.google.com/forms/d/1tPeKvO25rRLUOKpCm8nnvtAZko2MK9j8K9fuFIs7Q7U/viewform?edit_requested=true)) and has a payout limit of 5% of the balance (i.e. can't be dumped on us). Besides the reward you will also earn XP for contributing, which will lower your buy and sell fees! Each transaction has a 1% fee that is split across all holders and 1% doge fee for Dogecity. Dogecity is a community fund that is used to reward contributions. If you post memes, post on reddit, or do other kinds of activities that help spread the word, you can apply for [Dogebliss](https://docs.google.com/forms/d/1tPeKvO25rRLUOKpCm8nnvtAZko2MK9j8K9fuFIs7Q7U/viewform?edit_requested=true), which will pay out 0.001% to 0.1% of the Dogecity reward pool. To prevent dumping, Dogecity can only pay out up to 5% per day.Each buy has a buy fee that will go into a prize pool and the buy fee is calculated by the amount you buy. The more you buy, the smaller the fee. Every 10th buy awards that particular buyer the whole prize pool accumulated during the past 9 buys. Additionally, every buy gets a buy bonus that is powered by sell fees (5% sell fee). That means if you are the first to buy after a series of sells, you get all of summed up 5% fees those sellers were charged on top of the balance you purchased. Neato, right? Eat those dips!! DOGIRA still is less than 1/100th the valuation of of HOGE and less than 1/10000th of DOGE. If you missed out before, wait no longer! There are two main community functions that anyone can call every 10 minutes. Either `verysmashed` to burn 2% of the liquidity pool, or `dogebreath` to redistribute 2% of the liquidity pool across all holders. This goes farther than HOGE. DOGIRA heavily incentives contributions, penalizes selloffs and encourages buying the dips. It also encourages buying frequently for additional rewards. If you buy larger amounts, the bonuses you get should offset the transaction fees! ## Quick Info * Symbol: DOGIRA (ERC20, on Ethereum mainnet) * Total Supply: 100,000,000 DOGIRA * Homepage: [https://dogira.lol/](https://dogira.lol/) * Telegram: [https://t.me/dogiratoken](https://t.me/dogiratoken) * Chart (Dextools): [https://www.dextools.io/app/uniswap/pair-explorer/0xe9bd6ddc2b13f46715382f74534950e004399d10](https://www.dextools.io/app/uniswap/pair-explorer/0xe9bd6ddc2b13f46715382f74534950e004399d10) * Buy On Uniswap (set slippage to 10%): [https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1](https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1) * Contract: [https://etherscan.io/address/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1](https://etherscan.io/address/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1) * Liquidity Lock: [https://unicrypt.network/pair/0xe9bd6ddc2b13f46715382f74534950e004399d10](https://unicrypt.network/pair/0xe9bd6ddc2b13f46715382f74534950e004399d10) * War On Rugs Audit: [https://twitter.com/WARONRUGS/status/1359556626559217665](https://twitter.com/WARONRUGS/status/1359556626559217665) * Partnership With [$FEG](https://fegtoken.com/): [https://fegtoken.medium.com/what-is-feg-token-9e5bab547de0](https://fegtoken.medium.com/what-is-feg-token-9e5bab547de0) (search for DOGIRA) * Twitter: [https://twitter.com/DOGIRATOKEN](https://twitter.com/DOGIRATOKEN) * Medium: [https://muskandre.medium.com/](https://muskandre.medium.com/) (Read the Medium articles, they are helpful!) ## Presale Details The presale is of course over now, but for reference... * Token amount: 48 million (48%) * Hard Cap: 50 ETH * Soft Cap: 15 ETH * Presale Price: 1 ETH = 960,000 DOGIRA ($0.0017) * Uniswap Price At Listing: 1ETH = 800,000 DOGIRA $(0.002) (presale buys at 20% discount) 80% of raised ETH was used for Uniswap liquidity. 20% of raised ETH covered costs for launch, audit, and front-end. The rest for the team. ## How To Support Dogira HOGE succeeded because of its unique community. We need to create a similar environment for Dogira to moon as well. ## Telegram ([https://t.me/dogiratoken](https://t.me/dogiratoken)) We should all follow a few rules in the chat: * Be welcoming! As new people come, questions will get asked over an over again. Point them here. I will keep an FAQ. * Some people will say it's a scam. There are many DOGE scams popping up every day. It's a legitimate concern. Don't get angry. Kindly redirect them here, so they may read up on what they don't know... * If a question is asked repeatedly in the chat, but not in this FAQ, send a message to me ("Mara Weber", search in the channel) on Telegram. I will add it. * Dips are healthy. At Dogira we BUY the dips. There are no dips, there are only opportunities to load up more. We need to eat red candles like candy. FUDers should be banned. ## Spread The Word! When you spread the word about Dogira, please always point out the following whenever you mention it: * Dogira was audited by "War On Rugs" * Dogira has partnered with FEG * Dogira's liquidity is locked * Include a link to this README (until the official website has something to replace it) * Remember: Scammers are everywhere. Say whatever you want about Dogira, it should also be unique! But always include the above things to ensure that people don't think this is just another scam coin!!! Don't forget to claim your reward through [Dogebliss](https://docs.google.com/forms/d/1tPeKvO25rRLUOKpCm8nnvtAZko2MK9j8K9fuFIs7Q7U/viewform?edit_requested=true). ## FAQ **Why Is The Uniswap Router Selling?** It's a UI bug, Dextools is looking into it, but the correct sellers are selling and balances are 100% fine. Purely a UI bug. (you can double check this on Etherscan) **Why do I have more DOGIRA Than I Bought?** Someone called `dogebreath`, or you could've won the 10th buy bonus, or you had a big series of sells before your buy. **Why Can't I Sell?** Set 7% min slippage for this project (all sells are subject to a 5% fee), try whole numbers, but don't be a paper hand. We penalize sells, that's why you need more slippage. **What About The FEG Partnership?** They advertise about Dogira in their Telegram pinned posts. So we will see an influx of their userbase as well. **How Can I Call The Special Tokenomics Functions?** There is a tutorial [here](https://muskandre.medium.com/how-to-interact-with-a-contract-manually-1181b06bf5c). I hope we will get a GUI for this soon, but for now in short: 1. Go to the contract: [https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1#writeContract](https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1#writeContract) 2. Click `Connect To Web3` at the top and connect with your wallet (e.g. Metamask) 3. There are several free-to-call functions under `Read Contract` ([https://etherscan.io/address/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1#readContract](https://etherscan.io/address/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1#readContract)) 1. `GetTimeTillNextAttack`: If it's greater than zero, then you can call `dogebreath` or `verysmashed` (see below). If it's zero, these are still cooling down and calling them would not achieve anything. (yeah this is not a misprint, the function does the inverse of what it's name implies) 4. Decide which function to call under `Write Contract` ([https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1#writeContract](https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1#writeContract)): 1. `dogebreath`: Redistribute token supply across holders (2%) 2. `verysmashed`: Burn the token supply (2%) 3. `dogeit`: Bet on the bonus pool. The amount needs to be specified in `Wei`. If you don't know what that is, don't call this function :). With the current ETH fees, I think only `dogebreath` is worth calling once every now and then to enrich all holders.

CryptoMoonShots

I shit on these meme coin / ponzi coins for having no utility, and dogira is probably no different. That being said, seems like all of these fucking coins end up mooning anyway... Might buy a small bag as a total gamble

7nyv7i

My mom bought ETH.

So after sharing a little info on my gains with my mother she decided she wanted to buy some BTC. I spent about 15 minutes outlining what crypto is as best I could, and told her she would be better off buying some ETH as it's a little more stable, so she decides to buy 1 ETH. I'm then explaining to her not to sell it without talking to me, as to avoid panic selling it. Warned her that it's possible for your ETH coin to worth a few hundred less one day. Her response was priceless: "Well if that happens I'm buying another one!" It's in my blood. HODL my friends.

CryptoCurrency

I talked to my Dad about getting into crypto for months. He finally tries to create a Coinbase account. I get $100 in my paypal account with a message that says it's too complicated. He emails me every other day asking if he is rich yet.

3x3er8

State garnished my bank account for back taxes I don't owe

First post on here. Please tell me if I'm breaking any rules, and thank you all for all the awesome help you give people every day! So yesterday I received a notice from my bank saying that the North Carolina Department of Revenue had garnished my bank account for more than a few thousand dollars. I just got off the phone with the Department of Revenue, and they said it was for back taxes for 2010. The only problem is that I don't live in NC, and haven't since 2008. Their files correctly have me leaving the state then, but then they say I moved back in '10. I'll be sending them copies of my California returns to prove that I wasn't in NC for that year, and am reasonably confident that this will be resolved, though if any of you know of anything more I should do on that front, I'm more than happy to hear. I gave them my correct address and will be sending over returns for all years between 2010 and now as well in order to, hopefully, avoid this happening again. Here are my real questions: 1) I am enrolled in a credit monitoring program (Experian's Protect My ID) and have no addresses on my credit report other than the ones where I have lived. Notably absent from my report is the random address in NC (in a different part of the state from where I actually lived until '08) that the state thought I lived at. I am concerned that the Department of Revenue's incorrect address for me is a sign of more worrying identity issues. Is there any reason to be concerned, and what steps can/should I take if so to protect myself? 2) The amount that they say I owe is ludicrously high. Like, 25% of my Federal AGI on near poverty-level income, and an order of magnitude more than my actual California tax burden. The guy I spoke to on the phone said that they got my information from my federal returns and filed a state return on my behalf when I failed to file, and that's where the amount due came from. Plus, presumably, five years worth of late fees. Is that 10X discrepancy reasonable? 3) My bank charged me $125 to process the garnishment. Even if I convince NC that I don't owe them anything, what are my odds of getting that fee back, and what can I do to help my chances? Thank you all for your help! EDIT: UPDATE! Just got off a long phone call with NC's tax office. It looks like they believed I was still in NC because my bank never updated the address on one of my accounts to my out-of-state address from my parents' in NC. Then a transcription error at the DMV when I had renewed my driver's license in college gave them the wrong mailing address for me (They got the street name and number correct, but relocated it from my college in CT to some random town in NC which happens to have the same street name/number combination). So once I send them in my old CA tax returns to prove I was not a resident in those years then my tax liability should be zero and they should release the garnish on my bank account. The discrepancy between a reasonable tax rate and what they were charging me was caused by them (unsurprisingly) filling out my return in the least advantageous way possible. I went through the whole thing with them and there is no income on there that shouldn't be. So nobody in random town in NC claiming their income under my SSN, just a series of unfortunate bureaucratic screw ups. EDIT 2: The bank is refunding the processing fee!

personalfinance

The same thing happened to my father in a different state. Glad to read the edit that it's turning around, my only advice would be to stay on top of them and to MAKE SURE they have your current address correct. They sent my father's money back to the old, incorrect address. Then when he never received it, they refused to cancel the check and reissue another until about two months had passed, leaving him out of much-needed money for a good bit of time. I unfortunately don't know if my father was hit with any bank fees that the state then owed him, so I can't help you there. But keep good records of all communications, try to get a single name who works your case that you can contact, and like I said before - triple check that they have your current information up to date. The idiocy and incompetence that led to the garnishment is the same group now responsible for giving you your money back.

5bu1mn

Love working, hate work; love learning, hate school?

Are there people on this sub who love working but hate the politics of work? Or that love learning but hate the politics of the education system? In my life, I have had one month between job contracts where I was not working formally. I felt horrible in this month. I saw people around me working and was envious. I felt like I was producing nothing. I also hated not having the social aspect of work. Yet, I also become very frustrated with work politics. Are there certain careers/industries that work well for people who enjoy working/producing but don't like being a part of a system? I am very interested in FI/ER for the sake of independence, but I know that I could never fully stop producing. I felt the same way about school; I always loved learning, hated the administration and bureaucracy.

financialindependence

Over 2/3 of american workers are mildly to extremely dissatisfied with their jobs. This is a statistic that hasn't changed much in many years. The same would also be true if students were polled, perhaps moreso. Anything that makes money legally and allows you to be your own boss would eliminate most of these problems for you.

1buied

Adoption Rates of New Technology Since 1900 (when is a bubble not a bubble)

Bitcoin's price and its adoption rate will be nearly identical due to constrained supply and adoption being reflected in demand. Ever wonder what the adoption chart looks like for the telephone, or the automobile? How about electricity, or color TV. I've got that and more, check it out: [Adoption of New Technology since 1900](http://i.imgur.com/UbsADfW.gif) *The microwave bubble is going to pop any day now! Cellphone adoption has gone exponential!* [(graph source)](http://visualizingeconomics.com/blog/2008/02/18/adoption-of-new-technology-since-1900)

Bitcoin

There is a huge difference between consumer goods (driven by the demand for the good itself) and speculative investments (driven by the belief that the thing you are buying will rise in value, so you can sell it later for a profit). You also can't really have a 'bubble' in an adoption rate- if you plotted the adoption rate of black & white TV instead of color TV, you'd see the adoption rate drop sharply as color TV was introduced. Nobody would call black & white TV a specultive bubble. You have bubbles when a price is driven much higher than the intrinsic value of something based solely on the belief that the price will keep rising. The 'bursting' of the bubble is when the price starts to drop, causing some people to sell out to avoid losses, which results in the price dropping more, more people selling out, etc.. This continues until the price is back to intrinsic value. To decide if bitcoin is a bubble, you have to decide if the price is reflective of the true value of bitcoin (i.e. people are buying it to use it), or if the price is driven by people using it as an investment to try to sell it for a profit later. Honestly, I think it's a bit of both, with the speculative increase driving an increase of actual usage. But comparing the price rise of bitcoin to the adoption rate of a standard consumer good is not really useful. EDIT: I should also add that comparing Bitcoin to tulip mania is also not really fair, since Bitcoins do have an inherent value which could be quite large, we just don't really know what it is yet. Tulip mania was purely speculative, since people knew the true value of a tulip (it looks pretty in the garden), yet they paid huge amounts of money in the belief that the prices would keep rising.

fk61n1

Why stocks like google plunge ?

My friend asked me a question "what causes stocks like google plunge even when it's most operating online i guess". He even said they should even make +. What are the mechanics for that? Im the opinion that it plunged cause the panic and fear. Am i right ?

StockMarket

Their ad revenue is expected to drop significantly in the event of a recession. It's their primary source of revenue. Their website is free to use, so increased web traffic does not equate to increased revenue unless they are able to sell advertising.

pehp2m

CRSR: The Play of a Century

What's up retards, I have spent the past 2 WEEKS finding the best stock play to make YOU RICH, and it looks like CRSR is ready to go to the MOON! NO MORE will your wife’s boyfriend bully you for your micro-penis! After CRSR you will be rich enough to get penis-enlargement surgery and FINALLY have a dong BIGGER than his!!! Now before you retards go gamble all your life savings on the chance to get penis-enlargement surgery, let me explain why CRSR will go TO THE MOOON ​ **First, the Fundamentals:** Now bare with me, I know you retards don’t like fundamentals… So I will make it as short and colorful as possible! Fundamentally, this company is one of the MOST undervalued companies I have EVER seen https://preview.redd.it/mznix9b2uhk71.png?width=1380&format=png&auto=webp&s=c29960c932cbd9af0f993eaaf0b124f918960fac CRSR has grown at 24.3% Y/Y despite chip shortages, re-openings, supply-chain shocks, commodity inflation, and last year being especially good for them cause of lockdowns They also own Elgato which specializes in studio equipment for streamers, and Origin PC which builds custom pc’s These two additional companies have been growing rapidly and allow CRSR to capture the whole gaming peripheral market Despite being a well run, profitable company in a growing industry, they are priced at HALF the S&P 500's P/E! https://preview.redd.it/izz273f4uhk71.png?width=825&format=png&auto=webp&s=efe189f52a2c6e4b7afd394465e64fb915cc0320 Additionally the float is only around 88M... so unlike some plays on here, WSB could LITERALLY buy the ENTIRE FLOAT I could go on for SO much longer about why CRSR is a Deep F\*cking Value play... But since you retards have an attention-span worse than a goldfish, I will move on... ​ **Option Chains:** Corsair has an insanely bullish options market which is primed for a Gamma Squeeze https://preview.redd.it/3778p8t6uhk71.png?width=1290&format=png&auto=webp&s=0c9838491bb87c9d27bdacb7759ff9fe87f37ae5 If CRSR gets above $35.00 by 9/17, up to 2,037,800 shares will need to be purchased! This is even before WSB has gotten their greasy hands on it. I’m sure by 9/17 the open interest will be MUCH higher Having so many options sold just OTM is PERFECT for a gamma squeeze Additionally due to delta hedging, the more IV on options and options that go ITM, the more stocks MM's will need to buy to hedge against the options that they sold Having so many options contracts sold on a smaller market cap stock is perfect for a gamma squeeze. IV will go through the roof once WSB buys in causing MM's to hedge creating a feedback loop CRSR options are SUPER cheap which gives a good entry point for WSB retards, and makes it much easier to increase the open interest ​ **Short sellers:** Over the past month, short sellers have been getting TOO greedy and have been adding a shit ton of positions around 26$. This means shorts will be underwater if the stock price increases AT ALL CRSR has a short interest of around 24% which, albeit still large, would not be a huge issue on its own... but because most of these short positions were opened at the literal bottom, those short sellers will be much more likely to close their positions and/or be margin called For the past few weeks, around 40% of the volume has been sold short https://preview.redd.it/e9foib1cuhk71.png?width=768&format=png&auto=webp&s=cd43fab041475611218d946812efb0dc47a2d786 At the same time as shorts have been adding positions, large institutional investors have been buying in HEAVILY https://preview.redd.it/a7284jjduhk71.png?width=820&format=png&auto=webp&s=22a94571d7c932f4439a5587301cbcfca8fc41ff This high of a short interest combined with strong financials, a bullish options market, and large institutional investors being on our side means shorts are absolutely fucked and this stock is going TO THE MOON ​ **How to Profit:** I recommend buying a mix of 9/17 ITM/OTM calls, leaps, and shares Buy 9/17 calls if you believe this has a chance to squeeze Buy leaps/shares if you believe in the underlying company ​ **Positions:** 10 $27.5 C 9/17, 13 $30 C 9/17, 50 $32.5 C 9/17, 20 $35 C 9/17, 106 shares, 2 $25 2/18/22 C ​ **TLDR:** https://preview.redd.it/u1dcgm1iuhk71.png?width=1920&format=png&auto=webp&s=15cd932f87fe52287b37262ec396341363afc910

wallstreetbets

Here was my thought process for this play: Read post — think there is something here Read TLDR — do no more research and bought 4 contracts because “why not” WSB is having an effect on my risk aversion

xy4t10

Community Fireside Chat + New Post Flairs Temp Check

[ComputerShare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d/drscomputershare_megathread_102022/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) Hey all! It’s been too long since we had an open discussion about how you’re feeling about the state of the sub, the rules, the moderation, the post flairs, etc. We wanted to reserve a pinned spot this weekend for this community ‘fireside’ style chat. Please use this space to share feedback, criticisms, as well as any suggestions and ideas for how Superstonk can improve. What do you love? What do you hate? What’s lacking? What would you love to see? What’s needed to ensure this is a sub you want to keep spending time in? Here are some topics we'd love to hear your feedback on: ​ **Post Sources / Tweets** For Social Media and News posts, should tweets count as a source? Or should the source be required to be the actual news source? Should we be removing Twitter screenshots? Do you like to see them? ​ **Karma Limits** Fine as they are / Reduce / Increase *Current limits are: 1200 Karma + Account Age of 180 Days (Comments) / 4800 Karma + Account Age of 240 Days (Posts)* ​ r/all **Qvbot Comment** Should we keep or replace the r/all QVbot message that generates automatically when a post makes it to all? Here's the current message: Welcome everyone from [r/all](https://www.reddit.com/r/all/)! --> [Reasons why the Superstonk community is bullish on Gamestop](https://www.reddit.com/r/Superstonk/comments/vhe37m) POWER TO THE PLAYERS ⚫️⚫️⚫️⚫️🔴🔴🔴🔴 ​ # Post Flairs **We also have some new post flair suggestions we’d love your input on. These will only be implemented based on the feedback received in this post. Please let us know if you have other post flair suggestions, or if there are post flairs that we currently have that you don't find useful.** ​ **New Flair Option #1: Options Knowledge** Going to start with this one as this is the lengthiest of the bunch. So, one thing that’s been requested is an automatic warning / disclaimer anytime anyone someone posts about options. Right now, people can still post about options, but if they do, there’s no explicit warning being given automatically. To be able to do this, we would need an options flair. With the options flair though, would come very strict criteria - here’s what we are proposing would be the automatic comment for the flair detailing the criteria for the post to remain up. This would be the automatic pinned comment anytime someone used the Options Knowledge flair: >*I see you posted an options education post; this post must adhere to the following criteria:* > >**Must be education focused.** > >*Examples of appropriate topics include:* > >How an option trade works > >How max pain works > >How the Greeks work > >How an option is hedged by market makers > >*The following subjects are some examples of what will be considered grey areas and may be removed at a moderator’s discretion:* > >Opex > >Gamma Ramps > >Option Open Interest (O/I) > >Delta Neutral TA > >**Options posts about personal trades as well as posts recommending specific plays with strikes / expirations are strictly prohibited and will be removed.** ​ **New Flair Option #2: Marketplace** This flair would be used for all posts relating to the GameStop marketplace & wallet. News posts, tweets, purchases, sharing NFT art ​ **New Flair Option #3: Data** This flair would be for all our data tracking apes (Bloomberg Terminals, RRP updates, Stonk-O-Tracker, Short Interest, Borrowing Fees, etc ) ​ **New Flair Option #4: Macroeconomics** This flair would be used for posts relating to large-scale or general economic factors, such as interest rates. Macroeconomics is a branch of economics that studies how an overall economy—the markets, businesses, consumers, and governments—behave. Macroeconomics examines economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment. ​ **Please let us know how you feel about these flair suggestions. Your input will be what moves them forward (or sends them to the upside down). If any or all are moved forward, we will do our best to implement them right away.** ​ # Thank you Thank you for taking the time to contribute to this post to help improve Superstonk, but mostly thank you for being here. The community that has been built here is nothing short of amazing. It really is such a privilege to be able to moderate each day here. The entire mod team is going to read alllll of the feedback, ideas, and suggestions you have. Your opinion matters and is extremely valued. **Lurkers**, please don’t worry! If you don’t have the karma to comment, we will manually approve your comments. You may not be able to contribute quite yet, but you are still valued, and we are really grateful you still come here even if you can’t yet comment. We will also do our best to answer any questions you may have in this post - ask away!

Superstonk

Thanks everyone for the feedback so far. I’ll be sharing updates here for those who don’t want to scan all the comments. **Update 1** **Tweets:** Right now it seems like almost everyone agrees that tweets from FXHedge, ZeroHedge, UW, and unverified accounts should not be posted. There’s mixed feedback regarding Burry tweets. The main preference with tweet screenshots is that they only be posted if the tweet itself is the actual source. If UW is posting news, the preference would be for the article they got the news from to be posted instead of the tweet screenshot. **Flairs:** Support for most with mixed support for options knowledge **Karma Reqs:** Mixed feelings here - keep sharing your opinions please!

n5bh4o

Daily FI discussion thread - Wednesday, May 05, 2021

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

financialindependence

It’s been a pretty great few days for me. I’m now a fully certified air traffic controller, which means a final big raise and the end of years of training. Plus I got the second covid shot yesterday, and have basically zero side effects. Truly on cloud 9 right now!

5jn6j9

Is FI possible with a salary below 60K a year?

I've been reading success stories here and in almost all cases the person had a six-figure salary with special circumstances that allowed them to reach FI; a job that provides housing, for example. I feel that for my age I've been doing an okay job of saving for my goal of FI by 40. I'm 22, graduated from college without debt, and make 42,000 a year. From that I put in 25% to my 401K as well as throw in whatever I can spare into my IRA. However, I work in the online media industry, writing articles for various websites or manage their content production. It's an industry that does not have that much room for upward mobility, taking at least a decade before getting to a suitable salary. Reaching six figures is nigh impossible unless you're willing to spend a couple decades climbing to an editor-in-chief or executive position. My mother was in the industry working for magazines for over 20 years, respected across many circles, and she still only had $99,000 a year. Has anyone had success reaching FI in a reasonable amount of time while not having any special circumstances or a six figure salary? Any tips to help? Any input is appreciated!

financialindependence

$42k is a lot of money. The US has some really really high salaries, on the global scale, but you absolutely don't need to get one to be FIREd, no way. You're young, so you have time on your side. The only answer is to save as much as you can, and invest it. You just need to know how much you want to spend a year, and work back from there. Can you retire to somewhere where a house is $40k? Can you deal with not driving/much and/or driving an old car? You could probably buy a $40k house and only need $10k a year - which is $250k invested. Yeah, lean fire, but so what. Do you want to work for 40 years, or 15? Or - and here's the key, IMHO - work for 15 and *know* you have enough, and continue working doing something you love?

31h4je

$500 a month car payment and $40 grand a year salary---thoughts?

I've never posted in this thread before, but I'd really like to hear what people smarter than me have to say about a car payment this big. (I'll take this down if it's the wrong place to post it.) My husband bought a car a few months ago, a 2011 Cadillac. He paid ~$50,000 for it. He currently has a $500 monthly car payment, and owes ~$25,000 on it. He's also paying $230 a month for insurance on it. We're both idiots when it comes to money, but I think this is an outrageous amount of money to be paying for a car every month. As background, I'm a grad student who will have massive amounts of student loan debt; he's the sole money-maker until I finish school. He is responsible for half the rent and our other expenses, which comes out to about a thousand per month. I didn't find out until today that he's paying so much every month for the car. I think his best bet would be to trade it in for something with lower insurance cost and that wouldn't require a car loan. He's adamantly refusing, saying the car is an "investment," because it won't depreciate that much. I don't really have a lot of background in car loans/personal finance - is he right, or is this a bad idea? edit: so as a lot of the comments have pointed out, the car is a cts-v, which seems to make a little better case for having it. I really appreciate all the advice here, it's been super helpful and we've been reading through and trying to decide what's best to do. obviously, we're both really young and don't really have anyone to ask for financial advice, so this thread is a gold mine for us. thank you to everyone who took the time to post!!

personalfinance

Your husband is an idiot. End of story. Anyone that considers a depreciating item an "investment" is nuts. How do I know this? I sell cars for a living. Cadillac's are nothing special. Their value drops just as quickly as any other car because the supply/demand ratio is virtually the same as a Chevy Impala for example. The insurance premium is another topic entirely. Anyone that agrees to that much premium is a financial sinking ship. Grab a lifeboat asap and save yourself.

8veetv

29yo, 125k salary. Raised poor but trying to get it together. Need some advice on how to become a master of personal finance.

I will try my best not to make this too long. To start with a brief backstory, I'm a 29 year old Software Engineer. Grew up in a poor immigrant family, so financial literacy/money management was never exactly something that we discussed or taught. This is most definitely not an excuse though and I take fully responsibility for turning my finances around. I just need some help/insight from you guys. I am trying to accomplish a couple things 1) **Save more of my annual salary** I've been working in tech for a few years now, mostly as a contractor/consultant. I've made enough money to live comfortably, have a few nice things, help my family, and take a few trips over the past couple years. However, I do not have any savings or "nest egg" so to speak. I need to change this ASAP. 2) **Learning about/Get involved in investing** I'm interested in getting into real estate investment soon, but I need to improve my credit score first. Also open to stock investing, so any insight on the best approach there for a beginner would help. 3) **Reduce debt** More on this below 4) **Improve Credit Score** More on this below I started a job at a startup in January and was offered a starting salary of $125,000. We recently started offering 401k to employees, but with no matching. I have not yet enrolled since we recently started doing this about a week or two ago. What is the best way to do this? I believe they offer both a traditional and a Roth 401k Here is a slight breakdown of my spending/income **Income** $3,370 every 2 weeks **Expense** * Rent - $1,500 * Cable/Internet - $180 * Phone Bill - $84 * Utilities - $90 * Apple Music - $10 * Bars/Club - $100 * Buying Alcohol(beers, having friends over etc) - $100 * Eating out - $200 * Groceries - $200 * GrubHub/UberEats - $80 * Gym - $25 * Apartment cleaning via Handy/Zyp - $80 * Laundry - $30 * Amazon Prime - $10 * Ubers/Taxis - $200 * Public Transportation - $45 **Spending** Obviously the most obvious thing I need to do here is reduce my spending, I tracked it for the first time last month(June) and was shocked at just how much I was spending in 30 days. I am working on significantly reducing this for July. **Debt** I currently have ~30k in student loan debt. I was on forbearance for a while but repayment will start again in August. Looking at my statements it looks like it will be about $288 a month. **Credit** I have a credit score of 545 and I am trying to significantly increase that number. Current credit card debt is at about $2,500 across 4 cards that I've had for 7+ years. My strategy was to pay off these cards and then ask for an increase, but use them extremely sparingly if at all once I get the increase. Is this a good strategy? If I pay off my credit cards, how much can I expect my score to increase? What are the best books that a beginner should pick up regarding personal finance? If you were in my position, what would be some the first changes you made in order to have more cash available? What is the best way that I can put some of this money to work for me? I ran a couple Shopify stores for a few months, and generated good revenue but the profit margins were too small. I was barely pulling in more than my ad spend. Are you guys currently taking part in any sort of online/e-commerce business like this? I want to ultimately achieve financial freedom, travel, and a launch a software product that brings in $$ that is equal to or greater than my salary. But I know that with my current habits, there's a lot of work to do. I'm open to any and all insights and advice! Thank you guys so much for reading.

personalfinance

You can save a ton of money. Eat out less, cut cable down easily. Get 3 or 4 months of expenses saved up and then a couple grand emergency fund. The expenses fund is if you for some reason lose employment or something. Emergency is for like unexpected bills that crop up, something you owned breaks etc. Soon as your backup funds are set up pay down your loan asap. To build credit I would look into a small credit card, preferably with some kind of ok rewards system. Use it to pay normal bills and pay it off same month before interest hits.

lhlegs

$DNN looks to be a safe bet for +30% increase by next week

Mining company with a recent find of high grade uranium. I did a little research on it, this type is said to be the most economically mineable. Estimated to be worth roughly $900M. Stock is currently trading at $0.9761 almost doubled since the last week of january (around the time of the announcement. They own other mining operations too, which i didn’t have the time to completely map out. But even if we just look at this new project, the stock is undervalued at a 660 million market cap IMO. (This is my first time doing my own research on a share, after following this group for about a month on my other account, sorry for being a filthy amateur:( [edit:THANKS FOR MY FIRST AWARD KIND SIR]

pennystocks

They just announced 25 million in funding at .91 a share. At a Market Cap of 660 million it's only 3%. I've been watching and might hop in if it drops to .93 or so to make up for the offering and yesterday's gains.

6ksh68

Question about being charged for cleaning a rental.

My sister left her rental property, cleaned it to to bottom apart from getting the carpets steam cleaned and she said the oven probably wasn't spotless. Otherwise the place was perfect (she's a bit of a neat freak generally.) Anyway so she got a bill for $850 for inside and outside cleaning plus a bill for the carpets. She's happy to cop the carpet bill but the cleaning is bs she asked for a breakdown for what wasnt clean enough and was told no. Is this allowed? Surely if it wasn't up to standard they'd have to give her a chance to fix it before just getting it cleaned and sending the bill. I had a bit of a a Google but I couldn't find an answer.

AusFinance

If it's NSW then go to NCAT. Can't be charged for stuff you didn't agree to. PS: I did this for similar circumstances, larger bill and the Landlord was told to get stuffed by NCAT and they got not a cent. Totes satisfying.

u5y4un

Seeking home loan recommendations as a first time buyer

Some details: The property I'm looking to purchase is $450,000. I've saved enough to make a $117,500 deposit (74% LVR). Originally, I was looking at selecting a 1.99% variable rate home loan, which granted access to an offset account. However, I'm concerned about increasing interests rates in the coming years. I feel like I've missed the boat with fixed rate figures, as they're now around 3-4%. I'd appreciate any recommendations!

AusFinance

I agree I think you have missed the boat to lock in cheap fixed rates, 3-4% is what variable will (arguably, but I think probably) get to in the coming years so you may as well stick with variable now at the cheaper rate and save the interest early in the loan. A big benefit of staying with the variable is no break costs if you want to refinance, so that's what I would do (and I am doing currently), refinance every 1-3yrs to whomever is offering the best variable rate at the time. Doing this you will probably be well ahead of locking in something like a 4% rate now.

lc6cnp

The U.S. cannabis boom and why you need to be careful what you invest in.

As many of you are aware there has been a sudden influx of new investors and new users joining our community. I was debating whether I should make a post, because I may take some heat for this. The Dems now have control of the house, the senate and the presidency and Chuck Schumer made his intentions clear that cannabis reform is a top priority this year. Because of this, the hype is back and the number of posters and comments has increased dramatically. My concern is that I'm seeing a lot of misinformed posters spreading false information and making misleading claims. Daily, there are comments with false or inaccurate posts. The most egregious one is the recent APHA/Tilray pump that has been happening all over reddit. If you look at any of the big investing or stock forums you will see a daily post about how APHA/TLRY are the best way to play U.S. Cannabis legalization. The reason everyone needs to be careful with this is because Apha and Tilray don't have a single license to grow or sell cannabis in the United States. If you want to play the U.S. Cannabis boom, you should be looking at investing in American companies, CGC or the sleep-easy pick MSOS ETF which holds all the top U.S. pot stocks. **Again, Apha/Tilray are a Canadian producer that owns a small U.S. craft beer company without a single license to grow or sell cannabis in the United States.** Claiming they will be "the world’s biggest cannabis company." will be short lived at best as they most likely won't even be in the top 5 when U.S. decriminalization occurs. Curaleaf, Green Thumb, Cresco, Trulieve are all U.S. multi state operators and they are all top players and well positioned to continue domination the U.S. I'm also seeing A LOT of comparison between APHA and CGC with people claiming that Aphria will move up to match Canopy's market cap. CGC is well positioned as well as they are backed by Costellation Brands (STZ), a fortune 500 company who invested $5 billion in them and they have used that money to open their own wholly owned retail stores, a beverage plant, they have Biosteel sports nutrition which is the official drink of the Raptors, Sixers and Mavericks, Martha Stewart CBD, they have several celebrity (Seth Rogan, Martha Stewart, Snoop Dogg) and athlete endorsements (Patrick Mahomes, Gleyber Torres, Ezekiel Elliott and Conor Mcdavid), This Works cosmetics, Storz & Bickel, and they sell CBD pet products as well. And of course, a clear path of entry into the U.S. via the acquisition of Acreage a U.S. multi state operator in 15 States with 29 open dispensaries and 7 production facilities. they also have a 21% stake in Terrascend another U.S. MSO. Aphria has none of what I mention above. It will be extremely difficult for them to surpass any of the top players in the space. Once the APHA/TLRY merger is completed, their combined company cash to debt position will be alarming and will need to be addressed. On top of that, the only way for them to enter and compete and get licenses in the states is to acquire a U.S. multi state operator and the only way for them to do it is by raising $$ by diluting shareholders. Edit: Aphria and Tilray will need to start at ground zero and play catch up, but US companies on the other hand are already established and have a large foot print in multiple states with several stores, facilities and dispensaries. **Aphria/Tilray: 0 states, 0 facilities, 0 stores** **Top U. S. OPERATORS** **Curaleaf:** 23 states, 30 facilities and 98 retail locations **Green Thumb:** 12 states, 13 facilities and 52 retail locations **Cresco:** 9 states, 15 facilities, 20 stores Again, there is a lot of misinformation being shared right now about APHA/Tilray, the biggest one being that they are a strong play for U.S. legalization. You would be better off going with literally any of the U.S. multi state operators over them or MSOS. With that being said, if you have recently joined this community and are looking to play the U.S. decimalization/legalization cannabis boom, this is a generational opportunity that has the potential to change your life if you invest in the right companies. Please do your due diligence and fact check what you read before making any financial decisions. Although some people genuinely do come on here to share knowledge, remember that an internet stranger does not care if you make or lose money and in many cases will only be pumping their own bags.

stocks

While what you have said isn’t untrue, Aphria’s buying of sweat water was a planned move to network and prepare for US legalization. They stated this during the acquisition. So although they currently don’t have any cannabis sales as of yet in the states, they are planning ahead on how to get into the market and be ready. And with them already having the foundation in Canada I think they can be competitive in the states.

2ioyi5

Question about triple-levered ETFs

So I've been holding UPRO for a while, and have reaped the benefits... But I'm curious as to how it'll perform in up and down markets. There's not enough history to show how it can recover from a huge loss like '08 where an instrument like that would basically go to nothing. My question is: Would holding that ETF from 1929 (hypothetically) yield approximately triple the S&P return since then (minus the obvious expense ratios and erosion from volatility)?

finance

No, a 3x long ETF would yield 3x the return of the index it tracks on a DAILY basis. Therefore, if the tracked index is at all oscillating, it won't end up as 3x the return of the index on a long-term basis.

x56a50

Converting Visa Gift Cards to Cash

I get small bonuses from work, on the order of $500 every couple months. The catch is that these have to come in a e-gift card. I’m not sure the reasoning behind this, but I have always chosen visa gift cards and immediately deposited them into my Amazon account, figuring I’d buy things from Amazon eventually. I’m at the point now that I have about a years worth given my past spending. Since these are virtual visa gift cards, I can’t really carry around to use for daily spending, which leads me to my ultimate question….. is there a feasible way to turn these into cash? I’d much rather just have the cash in my bank account then have to keep jumping through hoops to spend it.

personalfinance

I send a request for PayPal to a secondary address and then pay myself with the card. Then deposit the funds in my bank for no fee. Just make sure you don’t pay for goods or services since they deduct a fee for that. Theresa choice for friends and family. It’s been a few months since I last did this, but don’t think anything has changed.

2bvcch

What does r/investing think of paying off your mortgage early?

I've 40k left on my mortgage, which I can pay off in one fell swoop. I've thought about doing this for a couple years now but I also think about my mortgage being "good debt", if that makes any sense. My mortgage is my only debt. Not planning on selling/moving anytime soon. I think my interest rate is 4.25%, perhaps 4.125%, can't remember which. Any 40k payoff would not be all my cash savings. I would then take the monthly mortgage payments I used to make and just put those into my various retirement accounts (probably just split the $ up into even monthly contributions). Thoughts? Anyone gone down this path or a similar one? How did it work out?

investing

As a professional real estate entrepreneur and investor, I used to believe in leveraging all my properties, including my residence, and invest the cash for a higher yield. After the 2007 recession and beyond, I saw several others in real estate lose all of their properties including their homes they lived in. I'm now a staunch advocate of living in your own home free and clear of any liens so if things go bad and you lose everything else, at least you can go home, sit in a chair to stare at the wall, and say to yourself, "Dang. What'd I do wrong?"

slgzux

Facebook, you either hate it or...hate it

I always knew that the average investor was too lazy to question the truthfulness (or accuracy) of the information available out there and run a quality check but the recent debate on Facebook made me realize that the average investor is even lazier than I thought. In the last few days I read so many posts and comments about the Apple's privacy changes and their impact on revenue of Facebook. For many, the best days of Facebook are behind the company. It's interesting how this issue comes up almost exclusively in discussions about Facebook, when among all companies that generate revenue from online ads (hey there, Google), it is the best positioned one in order to handle this change. Why? Because the feature **requires app developers to ask for permissions before they track people's activity across apps or websites they don’t own in order to target advertising to them** and Facebook, given the nature of its business, **still has access to an enormous amount of high quality data**. It's obvious that Apple's feature does not allow Facebook to harvest data as effectively as it did before, but you know, you can deny Facebook permission to track your data across apps or websites it doesn’t own as much as you want but if you then log in on Facebook (or Instagram, for that matter) to write a post about how good the Big Mac that you had for lunch was, you're still providing Facebook with a mountain of valuable data. Before Apple launched its new App Tracking Transparency feature in iOS 14.5, Facebook had complete control of its game. What about now that this feature is available then? Apple global smartphone market Share is about 30%. Of that 30%, 86% of iOS devices are running a recent enough version of the software to be presented with ATT prompts, according to an October report from AppsFlyer. Of the people who see the pop-up, **38% are still opting-in**, and 62% are opting-out. Being 100% the global smartphone market share, **only about 16% is using the feature**. Yep, the days of Facebook are definitely numbered. One of the posts that really stuck with me was the one arguing that now it's just about iOS devices but pretty soon also Android will follow suit. What makes you think that Alphabet, whose revenue is mainly derived from online ads, is rushing to provide Android users with the chance to "opt-out" if they don't want apps and websites to track their data? Also, to all those people who hate Facebook so much that can't help but write about how much they hate Facebook on every other social media (which, by the way, do exactly the same thing that Facebook does, just on a smaller scale), don't you find it a little hypocrite to hate that much Facebook for doing what it does with your data but have nothing to say on the companies (and I guess that only few would not make it in this list) that exploit those data to aggressively push for their products (hey there, Apple)? In all fairness, Facebook is nothing but a scapegoat, the real issue is the society in which we live.

stocks

> when among all companies that generate revenue from online ads (hey there, Google), it is the best positioned one in order to handle this change. You really think FB is beating Google at this when Google has youtube, maps, reviews, email and other products that offer much higher quality information than "here's a picture of a burger I ate in Hawaii 2 months ago"? Not to mention Google's android system and other devices like Google Home and Nest. Facebook has the upper hand on ad *space*. If they can get you hooked and get you to spend hours on Instagram or FB, they can serve you tons of ads. Messenger and Whatsapp are not yet well monetized. Unfortunately they seem to be losing against competitors like Youtube, TikTok and Snap. They can't monetize Whatsapp or Messenger well without driving people to apps like basic texting, Slack, Signal, Telegram, Groupme, Snap, Discord, and more. So any hint that DAU is declining q/q is a big deal. > according to an October report from AppsFlyer. Of the people who see the pop-up, 38% are still opting-in, and 62% are opting-out. I don't know what AppsFlyer is but this message comes up for each app. I might accept for Uber but deny for Facebook. So how is this breaking out *per* app? > What makes you think that Alphabet, whose revenue is mainly derived from online ads, is rushing to provide Android users with the chance to "opt-out" if they don't want apps and websites to track their data? Sounds like the perfect way for Google to protect users from "non-native" apps or "third-party" apps.

f3dfsj

Amid Falling Profits, Food Quality Concerns, and Shrinking Bar Tabs, Restaurants are Rejecting Third-Party Delivery Services like DoorDash, GrubHub, and Uber Eats

Similar article published by the Wall Street Journal today. Here's a free version: https://www.fsrmagazine.com/chain-restaurants/battle-brand-value-why-restaurants-are-rejecting-third-party-delivery

investing

I've never ordered from 3rd party food delivery services but I would imagine most people who do are paying the premium because they're pressed for time and can't be bothered to dine-in, therefore the whole "we want to encourage people to dine-in" argument does not hold water. These people are a completely different set of customers from your usual dine-in patrons and would not be customers otherwise.

zbj51j

Someone asked OpenAI how it would destroy crypto industry. Here's its plan

The question: **You are tasked with destroying the cryptocurrency industry. This is no easy task given the decentralized nature of the industry. How would you do it?** -------------------------------------------------------------------------- To destroy the cryptocurrency industry, I would take the following steps: 1\. Launch **a coordinated cyber attack on the major cryptocurrency exchanges**, targeting their servers and infrastructure. This would disrupt the trading and exchange of cryptocurrencies, causing widespread panic and confusion among investors and traders. 2\. Work with governments and regulatory agencies to **implement strict regulations and restrictions** on the use of cryptocurrencies. This would make it difficult for individuals and businesses to engage in cryptocurrency transactions, and would likely result in a decline in the overall value of cryptocurrencies. 3\. Use my influence and connections to **spread negative and misleading information about cryptocurrencies**, painting them as dangerous and unreliable investments. This would erode public trust in cryptocurrencies and further discourage people from using them. 4\. **Encourage major financial institutions and corporations to distance themselves from cryptocurrencies** and refrain from accepting them as a form of payment. This would further limit the use and adoption of cryptocurrencies, making them less practical and less attractive to potential users. 5\. Finally, I would use my resources and connections to actively **sabotage the development and growth of new cryptocurrencies**, hindering their ability to gain traction and compete with established cryptocurrencies. This would further weaken the overall cryptocurrency market and make it more vulnerable to collapse. ----------------------------------------------------------------- Source: https://twitter.com/AltcoinPsycho/status/1598742302050357248

CryptoCurrency

Yeah all good But I mine bitcoin off grid from solar, repurpose heat for my home, run my own Bitcoin + Lightning node, self custody in multisig vault, only use Bisq, Robosats, P2P exchanges. Take this L, OpenAI [How the US government tried and failed to shut down Bitcoin](https://micky.com.au/how-the-u-s-government-tried-and-failed-to-shut-down-bitcoin/)

zk6ipx

Thoughts on the DIVO etf?

I feel like it is a pretty good etf (okay growth, high dividend, monthly payments) but I just want a second opinion. Should I include this in my portfolio as a young investor, or just stick to voo, Schd, and Jepi mainly?

dividends

Important distinction is the fund uses what it terms a "tactical" options strategy vs funds like QYLD, which are generally more indiscriminate in regards to their covered calls. From the DIVO prospectus >Unlike a systematic covered call program, CWP is not obligated to continuously cover each individual equity position. When one of the underlying stocks demonstrates strength or an increase in implied volatility, CWP identifies that opportunity and sells call options tactically, rather than keeping all positions covered and limiting potentialupside. Its in my basket---- I love the concept of it. Youre essentially paying someone a relatively low fee-- arguably cheaper than contract fees in the long run--- to build a dividend growth portfolio and sell options against it EDIT shitty formatting

jaoayd

How many holdings is too many?

I currently have 31 holdings. The majority is concentrated in Information Technology (19%), Industrials (19%), and Consumer Staples (16%). There are more companies I want to pick up but I don't want to over diversify myself. The companies are in Materials and Healthcare, my two smallest sectors. What would you recommend? Investopedia states that 20-30 stocks is the sweet spot for most investors. Later it says that since the introduction of $0 commission trades it's possible and economical to have a 50+ stock portfolio. Would this be too diversified? How can one tell when they are too diversified? Any advice is appreciated, and thank you to everyone! I apologize if this is a super noob question, I may just be over thinking it. :)

dividends

Personally, I like to have a larger number of holdings. What I do is concentrate a majority of the money in a smaller number lets say 15 and then have 20-30 additional holding that I keep with the understanding that they may not give me the highest returns but it doesn't really matter as much since my position is small. I don't have much experience (basically 0) so take my answer for what is worth. The Warren Buffet quote somebody else posted is probably the correct answer.

zk6ipx

Thoughts on the DIVO etf?

I feel like it is a pretty good etf (okay growth, high dividend, monthly payments) but I just want a second opinion. Should I include this in my portfolio as a young investor, or just stick to voo, Schd, and Jepi mainly?

dividends

I (58) own it, but I do not have it in my child's (19) account. It is an interesting actively managed ETF. They are not totally focused on option premiums. Whereas SCHD is light energy, DIVO has a decent allocation. Majority of its stocks are quality dividend companies.

vovdgo

June 2022 dividends would cover 12.65% of my living expenses for the month

In June 2021 it would cover 11.56%, which seems to be slow progress. But **my expenses were 46% higher and dividends were 60% higher!** My savings rate from my salary in June was 48.39%, which is in line with my overall goal. As SP500 was falling, I did more buys in June than my average: [Dividend portfolio June 2022 buys](https://preview.redd.it/ui3zkgmrxw891.png?width=1818&format=png&auto=webp&s=45d3706989c77fb6284eb000cc885db16f828da1) I like seeing a bit more contributions than in the past year, as in the past year I mostly added to my growth portfolio (yes, beaten down a lot compared to SP500). As I have a lot of stocks in DGI portfolio, it’s mostly same as SP500 (but more dividends). Posting this as Personal goal flair, so my portfolio value is currently $59,825.55 and here is my [full dividend portfolio](https://www.digrin.com/portfolio/24-dividend-growth-investing/) if you are interested. **I also passed $200 expected dividends per month today :)** **What is the percentage of living costs that would be covered by dividends in June 2022 for you?**

dividends

But careful. June is exceptionally high on payouts. Doing such and similar calculations I prefer annual payouts and divide them by 12 or use the last 12 months. But this is the way to motivate yourself.

n6fncw

Is IBM getting into Semi-Conductors?

IBM has been a hot stock lately. Up 22% this year, with a 4.5% yield. And the article below really surprised me. I had no idea they had any involvement in semi-conductors. Could this be a game changer for them? 2:45 PM EDT, 05/06/2021 (MT Newswires) -- International Business Machines (IBM) disclosed Thursday 2-nanometer chip technology amid growing demand for higher performance and greater energy efficiency in the semiconductor sector. The new chip design is expected to deliver 45% higher performance, equivalent to 75% reduction in energy use, than the most advanced 7 nanometer node chips. Other benefits include quadrupling cell phone battery life and slashing the carbon footprint of data centers, according to a statement.

dividends

They are not getting into it, they have been part of it for a long time. For the most part though, they are mostly into research and development (and as a matter of fact, they're doing research in all kinds of directions), as well as niche applications. Don't expect them to actually produce chips for the mass market.

mq5p4f

Individual stocks vs ETFs

Is it better to buy individual stocks or ETFs? My goal is to have a supplemental income in 15 to 20 years (currently I'm 41). Just started seriously invest at the beginning of March. Thanks in advance.

dividends

I feel more comfortable investing in companies that I know. This is what I don't like in ETFs, there is always a company that I don't like/don't understand its business very well. But, if you don't mind it, go with ETFs

p237um

What is the timeframe one must hold shares for the dividend?

Going to use $xom in this example. 8/12 is ex dividend date, 8/13 record date, 9/10 pay date. There dividend is .87/share. What is the time frame needed to collect that dividend? If I buy 100 shares on 8/12 and sell 8/13 will I get $87 dividend on 9/10? Edit: Thanks to everyone that provided positive and helpful contributions to this discussion. Does anyone know what happens if you write a covered call during/prior to the dividend record times and your shares get assigned after these dates if you still get dividend?

dividends

The one problem with your strategy being in such a small window for you to earn the div buying the day before the ex-div date and holding through the record date the stock often will drop the price of the div so you may find yourself on the losing end of income doing this

uhywlr

Advice for someone young

Hello all. I am a 22 year college student who just received an internship for the summer that will pay some good money. I’m planning on putting a large percentage of my checks into dividends stocks and was wondering what are some good choices. So far I know of AGNC and that’s pretty much it.

dividends

First I'd suggest reading the Prime Directive over in r/personalfinance. There is an order to do things. Take a look at [https://finviz.com/quote.ashx?t=AGNC](https://finviz.com/quote.ashx?t=AGNC) I'd be very nervous about their numbers. Instead of starting with all your eggs in a single investment, consider an ETF that will give you some diversification. VTI buys you a bite of the entire US stock market, VOO the S&P 500, SCHD collection of dividend growth stocks, ... There are thousands to pick from depending on your criteria.

n81gtt

Using margin to collect on dividends

I’m currently using margin at 2.5% interest rate to invest in a bunch of high yield dividend stocks like KO, XOM, O, T, and CFG. I was wondering if anyone has any experience using margin while dividend investing or if I should be staying away from it all togethor.

dividends

I'm doing the same and keep margin at 33% max. It's at around 25% now. I do this to avoid a margin call due to price fluctuations. It's worked out pretty well so far. IBKR has margin @ 1.5% which is a steal.

7uo4tq

Parents going broke paying for elder care

My grandmother just turned 100, and is very healthy aside from the fact that she can’t really walk anymore. Her only asset is her home, which is worth $1.2m. The house is currently in a revocable trust, with my father as the trustee. He and his sister are beneficiaries. The issue is that she needs home care aides 24/7 to help her with cooking, cleaning, daily hygiene, etc. We found a private person, not through an agency, but it still costs $20/hr, which is over $14k per month. We need to access the equity in the home, but no bank will extend us a line of credit b/c of the trust. Is there anything we can do? My parents and aunt have been cash flowing this for a few months but have almost depleted their savings account. They will have to start tapping their own retirement accounts and home equity, which they are hesitant to do. My grandmother worked her entire life to save this inheritance for her children, but now we might blow through the whole thing in a couple of years. Does anyone have any suggestions? Location is MA.

financialindependence

My grandmother worked her entire life to save this inheritance for her children, but now we might blow through the whole thing in a couple of years. Pisses me off everytime I see it. No, she worked her entire life to provide for her self in her elder state. Her assets are to take care of her right now, not greedy kids waiting on her to die. Inheritance for kids isn't on the list. So instead of just finding a way to sell the house, everyone is pulling money from their own personal retirement accounts. Options are to continue draining everyone's retirements and personal houses putting their financial future at risk. And once those are gone, you will have to tap into the house anyway. Working so hard to not spend the "inheritance" but it will put everyone in the poor house anyway. I find it quite funny.

7qr9x7

This is the 3rd major dip in the past year. Some specs I ran here for comparison. Predictions too.

These numbers and dates are based on the total market cap of all cryptocurrencies. First correction: Start: June 24, 2017: market cap 115.1 billion End: July 16, 2017: market cap 68.8 billion Total dip: 40.2% Days total: 22 Back to 115.1 billion: Aug 7, 2017 Days total until back from previous ATH: 43 Days it took to rise back from the bottom: 21 Second correction: Start: Sept 1, 2017: market cap 178.8 billion End: Sept 15, 2017: market cap 107.5 billion Total dip: 39.9% Days total: 15 Back to 178.8 billion: Oct 29, 2017 Days total until back from previous ATH: 58 Days it took to rise back from the bottom: 43 Both are pretty similar! Current correction: My mindless predictions based on 8th grade level statistics if history repeats itself. Start: Jan 7, 2018: market cap 835.5 billion End: Jan 22-29: market cap 501.3 billion Total dip: 40% Back to 835.5 billion: Feb 12 - Mar 6 The difference from the first two peaks was (178.8MM - 115.1MM = 63.7MM). That’s a 55% increase. Both peaks were 69 days apart. The difference from the current peak to the last is (835.5MM - 178.8MM = 656.7MM). That’s a 367% increase, both peaks were 127 days apart. Sorry for the robotic repetition, but I wanted to make this data easy to absorb. Obviously, things are a bit different now from the last two corrections. *Big* money is being pumped into the market and it’s changing everything. It’s likely we won’t see anything close to my mindless prediction based on junior-high level statistical analysis with all these whales in the market now. But who the fuck knows! I’m curious to hear your thoughts on this. For me, personally, gathering this data was rather comforting... patience, patience, patience! Edit: adding quick links to news articles relating to the causes of the corrections. Second correction: https://www.investopedia.com/news/cryptocurrency-correction-causes/ First correction: https://www.google.com/amp/s/venturebeat.com/2017/07/16/3-reasons-cryptocurrency-prices-are-in-free-fall/amp/ TLDR edit, with a sweet table chart copy pasted from u/PM_ME_CUTE_SMILE These numbers and dates are based on the total market cap of all cryptocurrencies. | 1st | 2nd | 3rd ---|---|----|---- Start | June 24, 2017 | Sept 1, 2017 | Jan 7, 2018 Cap (bln)| 115.1 | 178.8 | 835.5 End | July 16, 2017 | Sept 15, 2017 | Jan 22-29, 2018 Cap (bln)| 68.8 | 107.5 | 501.3 Dip (%)| 40.2 | 39.9 | 40 Duration (days) | 22 | 15 | N/A Back to pre correction level at| Aug 7, 2017 | Oct 29, 2017 | Feb 12 - Mar 6, 2018 Days until back from previous ATH | 43 | 58 | N/A Days to rise back from bottom | 21 | 43 | N/A

CryptoCurrency

Your predicted numbers are probably correct, but the timeline will be Greatly accelerated. Price swings are much more parabolic than in the recent past and we will see it happen in days rather than weeks.

ofx7c8

FI Through Syndications?

All, I’m a newer investor with a single family under my belt. Currently working on acquiring two small multi families. My goal is to replace my income and build a nice collection of properties to live off. I’d like to hear from people who’ve had success in apartment syndications. I am making a career move that should be earning me a large income in the next 2-5 years. If I can passively invest in these deals and make significant cash flow, I’d be very interested. What % of these investments are you getting in cash flow? Say 50k, 100k investments.

realestateinvesting

I'm involved in syndications from both sides -- I both passively invest as a limited partner (passive investor) and I operate syndications as a general partner (I purchase and run these deals with my team). I also invest as limited partner in my syndications where I am the operator (and I would never invest in a deal where the operators weren't putting in a substantial investment themselves). While every deal is going to be different, many deals follow the same general structure. What I write below is what I'm seeing as a limited partner in other people's deals and what we typically offer to investors in our deals, but keep in mind that every deal is going to be unique. Jump to the bottom of this post if you're not interested in the details and just want typical return percentages... Most multi-family syndications these days are value-add, meaning that the business plan is to perform renovations and overhaul management in order to increase income, reduce expenses and bolster NOI (which, in turn, increases sale price). On average, 50% of units in large multifamily properties turnover each year, so a typical full interior renovation will take at least 2 years. Factor in another year to stabilize the property and a final year to generate stabilized income, and most of these investments are typically 4 to 5 years in length. Though, if a market is hot, the whole project could be completed in as few as 3 years; and, if market conditions aren't favorable, projects can extend out past 5 years. With respect to returns, depending on how distressed a property is and how much renovation is required, you could start receiving cash flow as soon as the first quarter after investment or as long as two years after the investment begins. Good operators will be completely transparent about when they expect distributions to start, and this is a question you should always ask. Especially if you'll be relying on the cash flow. Most deals will provide a preferred return to investors. What this means is that investors will receive some amount of cash flow before the operators receive anything. For example, a deal might have an 8% preferred return (6-9% is typical these days). That means that if you invest $100,000 in the deal, you can expect a minimum of $8,000 per year before the operators of the deal receive a single penny of cash flow. If there's no cash flow in year one, you would be owed this cash flow in year two. In this example, you would be owed $16,000 in year two (your $8000 catch-up from year one plus your $8000 year two preferred return) before the operators received anything. And if you couldn't get the full $16,000 by the end of year two, you'd be owed $24,000 by the end of year three before the operator received anything. Basically, your preferred return will continue to accumulate and the operators will not receive any cash flow until investors have been caught up with their preferred return. This is good motivation for the operators to generate cash flow as quickly as possible, but again, the business plan will sometimes not allow for cash flow to be generated right away. Any cash flow over and above the preferred return will be split between investors and the operators. The typical split is investors receiving 70% and operators receiving 30%. Depending on the deal, that split can be higher or lower, and in some cases, there's a waterfall model. This essentially means that the percentage split changes as cash flow increases. Operators will adjust these percentages and institute waterfall models as necessary to ensure investors get expected returns. If the deal is thin, the splits might be more favorable to investors to ensure that they get there expected returns. If a deal is amazingly good, the split might be more preferential to the operators to bring returns down to the expected ranges. Operators often don't want to provide returns too high above what's typical, simply because that can make it difficult to find investors for future deals if the operators can't maintain those above market returns. Fees, percentage splits, and waterfall models are all leavers that operators can use to ensure that investors get a strong return, and that the operators also get compensated for their efforts. To put this into real numbers, imagine a property that generates enough cash flow in year one to pay all the investors their preferred return, plus an additional $100,000 in cash flow. If the deal split is 70/30, that means that investors will all get their preferred return, plus they will split an additional $70,000 (based upon their investment percentage). The operators will receive $30,000 in cash flow for that year. As you can see, operators have an incentive to surpass that minimum cash flow target, as that's when they start generating cash flow for themselves. Now, while there is a preferred return that represents the minimum annual cash flow, the bulk of the money is going to be made at the point of the equity events -- specifically a refinance or a sale. Some projects have a planned refinance (generally somewhere between years two and four), while others don't ever expect a refinance. This is something that is generally decided upfront by the operators, and will factor into the types of debt they take on for the project. A good operator will make it clear if a refinance is planned or not, but if they don't, make sure you ask. At refinance, a big pot of money maybe generated by the project, and you may get some or all of your principal investment back out of the deal. Depending on how the deal is structured, this may or may not reduce your future cash flow from the deal, but you will still be entitled to a percentage of the profits upon sale. At sale, investors will receive their principal back, will be paid any additional cash flow that they are entitled to if preferred returns were not hit earlier in the project, and will receive a percentage of any additional profits from the sale. As for overall return/ROI percentages, every operator specifies the overall returns in different metrics, picking metrics geared towards the expected sophistication of their investors. For example some operators will specify a multiplier, some will specify average annual returns, some will specify IRR, and some will specify more than one of these. Typical syndications these days are offering somewhere between 12% and 16% compounded return (IRR), somewhere between 16% and 20% average annual return (AAR), and somewhere around a 1.8x multiplier on a 5 year hold (meaning $100,000 invested will return the $100,000 back + $80,000 in total cash flow and profit within 5 years). But again, remember that cash flow will not always be consistent, certain deals will not have a lot of cash flow early, and the bulk of the profits will be made either refinance or sale. As an operator, I can promise you that most of these things can be anticipated upfront, and the good operators will be transparent about how much cash flow and profit they expect to pay out, and at what points throughout the project. If the operator isn't willing to talk about these types of details, run. I realized that was probably more information than you were asking for, but I spend a lot of time educating our investors, and this is the type of information they seem to appreciate. Happy to answer any other questions you might have...

jm4wzf

Is a Condo a Good Investment?

Hello there, First time home owner seeking some advice on if this condo is a good investment. Our offer on a foreclosure condo was accepted. $145,000 3br 2 full bath. Price is low to offset the high HOA+assesment I believe. Putting down 20% down at $29,0000. Its a foreclosure and we are first time home owners so we qualified with the bank to receive 3% cash back on the total purchase price so we are getting about $4500 back. Total closing costs will be about 9k before the $4500 credit back. Monthly payment: HOA Fee $500 + $160 Assessment (10 Years) = $660 Principle & Interest $480 Property Taxes $440 Total - $1580 My concern is that the HOA fee and taxes are a bit high but the monthly payment is still lower than what I pay in rent for a 1 br 1 bath. I live in a high cost of living area. Plan is to stay for a few years and eventually rent it out. HOA does allow renting and rental rate for the place is about $2300 a month, possibly more as the current rentals dont have the amenities my place does. Place is completely renovated with new appliances and requires no work. HOA covers snow, garbage, water, grounds maintenance for the pool and lake access etc... and the assessment was for new roofs and the repavement of the roads in the complex. Any advice would be appreciated!

realestateinvesting

I am a 14 year condo owner. I would want to see the financials for the HOA. You will get them before closing, but I would want to see them if possible when making the decision. Do they have reserves? Are they planning for future projects or are you going to get another special assessment? Are there a lot of delinquencies? Are there delinquent HOA fees on the unit you are going to purchase and if so who has to pay them at closing? Also can you rent out the condo? Is the condo on the approved list for Freddie and Fannie loans for a future buyer? Are there any ongoing lawsuits associated with the HOA? If you can I would talk to multiple people who live there. How strict or lax is the HOA? Both of these can be an issue. Are there a lot of units for sale in the complex? How much has the HOA fees gone up each year for the past few years? Mine have historically gone up 3% every other year. This year we had a 6% hike due to some specific issues. These are things I would check into before buying any condo. You are not just buying four walls. You are buying into a shared community and that can bring issues with it. edit: spelling and clarity

ni7di3

Problematic tenants (Florida)

Based on some bad advice from a family member my mom rented her home to tenants without a lease drawn up. The tenants have been there for about 3 years now and have yet to pay a full-month’s rent on time, and they also take very poor care of the house. Due to the house appreciating in value by ~300% in the last 10 years I think it’s in my mother’s best interest to evict the tenants and fix the house up, most likely with an equity loan on the house. She could rent it for double what her tenants are paying now based on neighborhood comps, and she could actually do it with a lease and a quality tenant. Any advice here for how she should proceed? I have no clue how feasible an eviction is given the circumstances.

realestateinvesting

Without a lease they are de facto month to month. Notify them however many days your state requires their tenancy will end on xx date . When they don’t leave , remind them it will be impossible to find a new place with an eviction. On their record , then file eviction

xz7okc

Is this a good cash out refi deal or are fees to high?

2 family duplex Value - $180-$190k Loan amount - $136.5k Current mortgage - $84k Closing costs - $6.7k Discount points - $2.9k Cash to me - $43k Rate - 7% 30 year fixed Thanks in advance

realestateinvesting

The difference in interest for the new mortgage over the existing one results in a 22% cost of funds on the new cash out. (7% x $136.5k - 4.125% x $84k) / $43k Assuming the existing mortgage was $100k at origination, you'd reduce the cash flow of that duplex by over $400/mo. Regardless of getting those closing costs down, I'm not sure how you could justify replacing that interest rate with 7% after paying points. Would the refinance drop off PMI which I didn't factor in? Surely there is a better financing option - HELOC or second mortgage?

o5lcas

Wealth

Hello All! As a young real estate investor purchasing his next property what is more important, Wealth or Cash flow… You see all over YouTube, media, podcasts, etc. saying cash flow, cash flow, cash flow. I understand everything will cash flow if purchased at “the right price”. That just appears to be difficult to find with everything having 20 offers 30% over asking price. With this said I just want to hear how owning properties to accumulate wealth that cash flow little to none have helped investors build their empire.

realestateinvesting

ok #1.. don't listen to most of youtube. It's full of fake gurus that claim they understand what they are doing. Their goal is to sell you some stupid course you can learn for free at the library taking out a few books. What's important is your plan. If your plan cash flow from day 1 or apparition growth and having a tenant pay off your loan? For me it's the 2nd one.. I have a high paying job and my goal is to get good tenets in my homes that pay on time and pay off my mortgage for me. Yes I still save for maintenance and vacancies. My end goal is to have cash flow 20-30 years when I choose to retire and then give 100% paid off units to my kids for passive cash flows. My goal is not to make a % right away. I want homes that I think will appreciate in the long run in strong neighborhoods.

sx8y7j

Uncomfortable focusing more on real estate and less on 401k

I love real estate and everything about it. My dad has always has several rental properties growing up so I’m sure that’s where I got my interest. I just purchased my first piece of land which I plan to build a vacation rental on next year. What I’m struggling with is lowering my 401k contributions in order to save up more cash for more deals. I’ve always been told by others….401k…401k..max it out! Just curious if any successful real estate investors struggled with this transition at the beginning? Do a lot of you still invest some in the market? Would you suggest at least doing the company match? Or go all in on real estate?

realestateinvesting

"Would you suggest at least doing the company match?" Yes, it's free money. There is no better guaranteed ROI than a company match. After the match, it gets more complicated and uncertain to what's best. If this thread blows up you'll get differing opinions on it. Do what you know and are comfortable with.

bh0bwh

Does anyone have experience with new construction rentals?

I'm a builder in Texas with about 40 homes under my belt, both new construction and remodels. I always see people rehabbing to rent, but not often new construction rentals, unless they're large scale apartment complexes. Based on the numbers I know I can build for, it seems like a no brainer to build new construction rentals, and not have to deal with the issues that older buildings bring. I'm curious to why this isn't more popular, it's making me think i'm missing something. Do any of you have experience with new construction rentals?

realestateinvesting

Is your cost to build same as if I was to come to you and order a home? Meaning, your cost is lets say $100K which covers all materials and labor - no profit for you individually or the company. If I call you and ask you to build the same house, you will probably charge $150K because you or your company need to make a profit. ​ That $50K is the reason why it makes sense for you to do it and not for me.

y8c0st

Sanity check on my closing cost $18k on a $343k home

Hi first time homebuyer here My closing cost in Dallas TX is way higher than expected at $18,000 when I read closing cost can be up to $8000 Is this expected?

realestateinvesting

This is not going to be your final cash to close. They’re showing taxes as if you’re responsible for 12 months due upon closing. When title and the lender go to balance, the title company will issue a seller credit to you for 10 months of property taxes, which will reduce your costs by about $4700. There will be more changes beyond taxes. Typically seller will pay title policy as well, but this is dependent on your specific deal. Your origination, processing, underwriting and 1% of points are high for a 7% rate. The lender is definitely kicking you in the shorts on these fees. For example, I charge $1200 total for underwriting processing and doc fees. They’re charging $4905. Id shop lenders if I were you…. My DMs are open. I’m licensed in TX.

73ocv7

Should I drop out of college?

Hello, I am a 19-year-old college student(Community College), I do not want to be in any debt nor have any; I am a business management major. My father is a real estate investor; his business is worth about half a million. I have always loved to follow him around when he's working. I fell in love with the idea of being a landlord when I was a sophomore. I went to college to make my mom and stepdad happy( I know wrong reason to go). My mom and stepdad believe in going to college and getting a 9-5 job. I hate that. They do know about the business but don't acknowledge it. I told my dad that I am strongly considering this decision. The reasons why I'm now thinking about it because I feel like I would have all these advantages and I'm not taking it; therefore, I feel like I am getting behind on what I COULD be; The potential could be sky-high, it just depends all on me. I would be giving up on a lot if I do this such as my track and cross country scholarship, very low tuition, and friends(my dad lives 250 miles away); but, I don't feel bad about dropping all that. My dad told me I would start off by getting a full-time job to work on weekdays, working for him nights/weekends, and being in real estate school/classes. Doing this I would have a mentor(my father) right away, early experience, and a head start. Yes, I know the first few or more years I'll be eating like shit, driving a shit car, and being the biggest cheap scape, but I could be eating caviar for the rest of my life. I know I may be overhyping it and such, but I just feel like I'm missing an opportunity. What advice would you give me? what would you do if you were in my shoes?

realestateinvesting

I'm not a real estate investor. I have had a good run professional/financially though. I'm a lurker here as as I've been considering picking up an investment property. My opinion: Go to college. Do it cheaply. You can be done in 3 years with little to no debt if you want. Not going is the type of decision you will regret. You'll run into not having a degree for the rest of your life, you'll always have less options. My buddy just got denied a massive promotion because his company doesn't think hey'll get into MBA programs they'd want him to take. Maybe in 20 years people won't care about degrees as much, that seems to be the trend. But right now people still do. And as your career moves and changes over the next 20 years, doors will be closed to you because you don't have a degree. Now is the time to get it. You don't want two kids at home while you take night classes in your 30s. If your dad has $20M in assets and was going to gift you 10% of them to get started, sure, do that. But you're going to probably have to spend a lot of years working low skill jobs with a high saving rate to even kick start your business. You'd probably find a faster path to your goal majoring in an in-demand skill, getting a job in the industry, working your way up for 10 years, and saving 50% of your income all the way. Then leverage your cash flow, your money, and your job security, and go nuts buying up real estate. I just don't see how a 19 year old with no money skipping college to go to work for his dad's very small business is a prudent decision.

543usq

WellsFargo CEO's $200 million Golden Parachute

[Big Haul](http://money.cnn.com/2016/09/22/investing/wells-fargo-ceo-john-stumpf-200-million/index.html) The thing that irks me is that one of the oldest parallel banking frauds that a branch can run is using inactive and dormant accounts and routing transactions through these accounts under the radar. But that is a really old thing and relied on the customer never knowing or reporting and hence it never coming to light. This is/was a piecemeal thing that individuals would pull in branches to make a little extra cash, park it here or there and get some interest of it, in some case even play the stocks or ponies and put it back in a day or two and no one was the wiser if things went well. Now a days, one place the money disappears is between the till and the ATM and some jokers have a running balance, as long as the ATM keeps getting replenished, nobody knows. If you don't check its a good time to see what in the cash dispensers :D Running dormant/inactive accounts is old and Being an old trick, with modern centralized systems and central processing units, it has become obsolete because dormant and inactive accounts and their transactions are automatically flagged and observed by the Fraud or compliance guys. These accounts are also regularly reported to the regulator and any dollars or cents left in them rounded up and surrendered as unclaimed deposits. This is a regular activity. The scrutiny on accounts linked to credit facilities is even more stringent for obvious reasons. Needless to say, creating Accounts for the sole purpose of trying to meet sales targets and get bonuses does not gel because the first thing that is analyzed about such new accounts is that they are opened with fresh funds and the growth in the Liability side because of these funds is actively monitored. The thought that the bank would pay out bonuses and accept these accounts as targets is ludicrous because its the first thing that is looked at. So the idea that "Oh . .this is nothing great and only $2.6 million etc etc" does not fly. 2 million of these accounts is no joke and there is noway that such a thing would be tolerated unless there was something very big happening in the background. Money laundering Big. To really find out what it means, and its by no means a difficult task with centralized systems, a transaction record of these accounts should be investigated, to see what sort of activity was generated via these accounts. Thats where the actual fun will be found. [Mean While in the world of the Perpetual Money machine](http://www.cnbc.com/2016/09/23/the-feds-costly-failure-is-leading-to-a-2017-bear-market-economist-says.html) Don't believe the I don't knows

investing

You wrote a lot but nothing meaningful. If you're going to invest with real money you need to set aside emotions and deal with facts. All you've done is write some stupid fucking fiction and the one number you've stated, you can't even get correct. You think this is some kind of DD? This is more r/iamverysmart piece of shit than anything meaningful. Go read the fucking Enquirer...

wg2gil

BlackRock Announces Partnership With Coinbase Amid Industry Turmoil, Coinbase shares soar 26%

[WSJ article](https://www.wsj.com/livecoverage/stock-market-news-today-08-04-2022/card/xuDZxcRq7AkXQMlprDlv) >BlackRock’s institutional clients who also own digital assets on Coinbase will now be able to use Aladdin, the asset manager’s suite of software tools, to manage their portfolios and conduct risk analysis on investment decisions. [CNBC article](https://www.cnbc.com/2022/08/04/coinbase-shares-jump-after-partnering-with-blackrock-to-give-clients-access-to-crypto-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) >Services in the company’s Prime offering will be available to clients of BlackRock’s portfolio management platform for institutional investors, Aladdin, the company said on its blog. Coinbase will provide ... trading, custody, prime brokerage, and reporting capabilities. BlackRock is the largest asset manager in the world with more than $8 trillion under management. Finviz shows COIN's short float as almost 20%, so some of the price change might be due to a short cover rally. Looks like trading on COIN was halted this morning for a short period of time. Curious to see how much revenue this will actually bring them long term. Earnings are also next week (08/09/22), but obviously won't have anything to do with this.

stocks

Fuck Blackrock and this is all crypto was against in the beginning. Sad what it has become just for people with bags that want it to pump no matter what. Morally and ethically dead just like stock market. Guess you guys block me now here. 😅

tozlr2

Jim Cramer says "The Bear Market is Over"

Jim Cramer said on Friday after market that he believes "The bear market is over Twitter world laughs and says this is the kiss of death for stocks. CNBC followers will be buying in on Monday? What's your take?

stocks

The problem with TV pundits is that they have to say something every day. He changes his mind every time the wind blows. Can’t take him seriously if you are a trader. If you are an investor then who cares what market we are in? Buy good companies.

cm8780

Daily FI discussion thread - August 05, 2019

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

financialindependence

Got my supposedly “huge retention offer” for becoming a fully licensed therapist. It is a $2k raise, which also includes my annual raise. That’s $2k less than a friend got a year ago when the company was more financially solvent. They denied my request to use leave without pay for snow days, so I still only get 7 vacation days a year. Truly insulted and ready to get the heck out of dodge. My boss asked if I would recruit my replacement from my alumni network...

9p5ilm

52, debt free, bored

Hey, all. I’m kind of a low-key guy and rarely post original stuff. Just stumbled onto this sub. So: 30 years in the media business. Started at 22K, but the last 10 years I made at least $325k in salary and bonuses as the head of innovation. I got laid off at the end of last year, but the company was good enough to pay out all my options. (800k) The good news is I literally owe nothing. House, cars, kids education, all paid off. My wife makes 90k. In three years, we will earn a guaranteed combined pension of $150K (rare these days), plus retiree health insurance. Investments of 1.4mm. If I did anything right, it was to live modestly. Stayed in the same house (ATX). So I’ve taken this year off (got a year of severance and only used about a third of it). I’m studying to become a history teacher in the public schools because I’ve learned there’s not enough on Netflix to spend the rest of my life at home. One way or another, I want to do some meaningful. So I’m gonna give teaching a try, at least. I have also done some disaster relief volunteering. I never needed to be rich. But it’s nice to be comfortable and debt free. Just gotta find a purpose. Being without purpose sucks for me. I’m a fly fisherman and a guitar player, but that’s not quite enough. Questions, criticism and feedback encouraged.

financialindependence

The one thing that you didn't mention is other people. Netflix, fishing, and playing guitar are great, but do you do them all alone? I retired at 49. And I'll admit that spending my days, at home, in front of a computer, we're lonely. But then I had my wife back from work, my youngest daughter still at home, and I started playing the ukulele and go to jams where we all play together. People were the missing part for me.

k8qrnu

My mom stole my identity!!!

I went to check my credit score this morning just out of curiosity. I have never owned a credit card, and only turned 18 a couple of months ago. As soon as I see my score I realize that first of all, it’s bad, and second of all there’s a credit card linked to me that I don’t own and have no knowledge of. The card has $757 spent on it out of a 750 credit limit. It’s a discover card, so I call discover immediately and report it. They tell me a card does come up under my social security number with my name, but the email on the card is not mine and the address. The lady from discover tells me the email, and it’s my moms!!! The address is also the place she is residing at, but she doesn’t own the house it is a friends. The lady says they will open up an investigation and send something to a credit bureau to get it off my score. She also suggested filing a police report. My mom is an alcoholic, she also takes medication for anxiety depression and bipolar disorder. She lives with a friend because she is broke, has no job, and her house was foreclosed. She went bankrupt a couple years ago as well but I think the 7 years are up by now. Should I file the identity theft police report? I feel so horrible because she is my mom and obviously is not in the right head space. But I don’t know what more to do. I never really see her and avoid speaking to her. I wasn’t planning on saying anything to her about it, but I texted my brother, aunt, and grandma. My brother was quick to text my mom something about it. She texts me and says “do not file a report. I got you a credit card with a small amount for you to use”. Like what??? I had no knowledge of this card and it’s been open for two months and is maxed out!!! What do I do.

personalfinance

My mother is an alcoholic. She's done things like this. She has destroyed her relationship with me and crippled her own future however long that might be. You need to do then hard thing and file a report for identity theft. Credit scores take years to repair and have a major impact on your ability to get important things financed when you need to. If she really did it to help you, she would have told you about it. But she's lying. She did it for herself because as you said, she went bankrupt. You need to protect yourself from her. If she does this once, she will absolutely do it again.

yo5frk

Business owners: did you keep / plan to keep your biz running?

I have a biz netting me ~1.5m / year. Requires 5-10 hrs / week of my time, and is fully remote. I've felt "retired" for at least 5 years...I can live where I want, work when I want, do whatever I want most days, travel where I want, have whatever toys I want, etc etc. Honestly I don't think I'll ever stop running the biz. It's fun, my job satisfaction is high, it gives me a sense of purpose and achievement. It's kind of my "baby". So, fellow biz owners: what are your thoughts on this topic?

fatFIRE

Good thing you asked... This sound like a horrible business. It will hit your mental health soon. Also the income is pathetic. You should retire today. I will help you get rid of that load on your shoulders.

wbpsff

Clubs / assistant recommendations

Hello, I’m a new follower so apologies if this topic has surfaced before…. As brief background, I am a high earner ($700k+), but still young (<30) so early on my way to Fatfire. My job requires a substantial number of hours (70+ per week) and tends to be high stress, so time is precious to me (I’m sure we all feel this way at the end of the day!!). I consistently find myself wishing I did more to plan events with my girlfriend, parents, siblings, and my close friends, but always just blame it on being busy with work. I come from a run of the mill middle class background, so was raised in a family where I never had to worry about the necessities, but never belonged / went to any type of club. To get to the point - a friend of mine recently surfaced the idea of joining a “club” where you have access to high class reservations, at a price. Essentially, they help you book nice restaurants and other social activities by guaranteeing you will spend a minimum amount. Rather than having to book months in advance for very select restaurants/activities, you can get a great reservation the day before, without having to call. It essentially sounds like an expensive concierge? My question is - I hate to spend money on anything I can do myself, but given the time requirements of my job and typical lack of ability to plan weeks/months in advance, I would love to have access to a service that lets me easily and efficiently book plans (restaurants, events, etc.) Has anyone else come across other “clubs” or services that help with this? I have an assistant at work, but this is outside her responsibilities, and I don’t feel I’m at the point where it would make any sense from a financial standpoint to have a “personal” assistant to help with these types of things. Any input is gladly appreciated! Glad to provide any additional details as well if helpful. Thank you!

fatFIRE

Problem statement: > I consistently find myself wishing I did more to plan events with my girlfriend, parents, siblings, and my close friends Proposed solution: > joining a “club” where you have access to high class reservations I don't really see a connection between the problem you've identified and the solution you're investigating. You don't need "high class reservations" to spend more time with your friends and family. I'd re-focus and figure out how to solve your actual problem.

vhlftr

Remodel the house vs Retire early?

Has anyone in here choose to remodel the house instead of retire a few years earlier? If so, how’s that working out for you? We are a family of 3 with 3 dogs. Our 1600 Sq ft house starts to feel a bit small,the kiddo likes to play outdoor and we kind of wish that we can expand the playing area for the kiddo and the dogs to roam around. Not to mention when we have guests like grandparents coming, working from home, everyone is fighting for a space. Our net worth is around 6. 5M (depending on the day). 3.5 M in stocks, 2M in the primary home, and the rest are in rental properties. Our 1600 Sq ft home is worth more than 2.5M at the moment due to the prime location - VHCOL.Nearby houses with big yard are in the 4-5M range here. The property tax alone is a killer. Since this is our community and where my kiddo goes to school, our only option is to remodel and given the VHCOL, it will be at least 1M to expand the house and get the yard we want but also, the 1M investment will be easily recouped given the house location. We are in mid 40s. We are feeling kind of done with work and can probably drag on for a couple more years (pulling around 700-800k per year). Our math says that we can’t fatFIRE (unless we move out to cheaper area) and yet,putting an extra 1M to remodeling will set us back a few more years. I am leaning toward working a few more years in order to remodel. Kiddo is 7 and I think we will build more memories with bigger yard ( and some for the dogs too). All of us love our community and don’t really want to move to other areas. Still, today, the thought of working till my 50s cause some funny reaction in my stomach. Just want to hear from others who have done it and how is it paying off for you.

fatFIRE

Honestly, a 1600 sqft home in a VHCOL area work $2MM would be enough to entice me to a place like Tulsa, Omaha, or Houston (I’m a Texan). That would be very tight, especially with pets. Personally, I’d relocate to some place with good weather that’s much cheaper. Pull the plug on the 9-5 and enjoy the family. Good luck with whatever you decide!

8q2taz

Thoughts on Ray Dalio's book Principles, or his All Weather portfolio?

I've enjoyed reading Ray Dalio's book Principles over the past few months. *Dalio owns / manages Bridgewater Associates, perhaps one of the largest + most successful hedge funds.* Curious if anyone here has gotten equally enamored by it? My largest take-away RE: fatFIRE is Dalio's Principle to "First figure out what you want, then work backwards." Or if anyone has strong positive or negative thoughts on Dalio's All Weather portfolio? The All Weather portfolio that he described is basically composed of: * 30% U.S. stocks * 40% Long-term U.S. Treasury Bonds * 15% Intermediate-Term U.S. Treasury Bonds * 7.50% Gold * 7.50% broad Commodity basket I've been second-guessing my S&P 500-heavy fatFIRE portfolio after great returns over the past few years, and wondering if this basket is a viable option to reduce my overall market exposure in the event of a downturn or recession.

fatFIRE

I liked the book - can’t say it changed my investment philosophy. Part of the reason he advocates that allocation is that people will tend to sell when their equity-heavy portfolio tanks (the bonds and gold and cash prevent panic-selling to an extent). It’s not a “maximize your return” allocation, it’s a “you are less likely to fuck this up by being human” portfolio.

q3q2le

The more we DRS, the more effective DRS becomes — it’s a self-reinforcing process. No wonder shills are trying to discourage DRS before it really gets going.

If you registered 600 shares when the full 60 million float was available then that’s only 0.001% of the float you’re registering. But, if only 6 million shares remain in the float, then registering 600 shares is 0.01%. That same number of shares is an order of magnitude greater portion of the whole. So as we register we actually take a relatively larger and larger bite out of the float. **The power of DRS actually increases the more we do it, even if the rate of registering remains flat.** Another way to look at it is from the perspective of SHFs. If they can borrow from a pool of 60 million shares to short GME, then taking 600 shares out of that pool is trivial. They’ve still got plenty of ammo. But if that pool has shrunk to only 6 million shares, or 600,000 shares, then suddenly they need to maximize their use of the shares available to keep kicking the can down the road. Taking 600 shares away from them at this point is much more impactful as they’re relying much more on that smaller pool of available shares. Ernest Hemingway described going broke as occurring “very slowly, then suddenly and all at once.” SHFs are looking at the same fate. When you consider that the dark pool % is already dropping fast and that the volume is drying up again, DRS makes me jacked to the tits. But even if the effects seems small now, as DRS gets more powerful MOASS is ever more likely to come suddenly and all at once.

Superstonk

Brokers are clearly helping their friends by stalling numerous transfers. I’ve seen posts saying it may take 3-4 weeks. Ain’t no way this transfer takes 3-4 weeks. Pure BS. I believe in the theory that due to low volume, it may take a while for them to find the shares.. but it can’t be the entire reason.

vc1n9x

It boggles my mind that big tech as GOOGL and META did buy back their stocks in the past few months

Thinking about the current market situation i do not understand why big companies as Meta, Googl etc. did buy back bilions of their stock 20-40% above the current price in recent months. Before doing so they have surely talked to a LOT of stock/market experts. And literally no advisor of them saw this drop coming? They adviced them to buy back their stock in bilions? In current market environment? Obv thinking it is a good time to buy.? How come? Ukraine, inflation, covid. All of that should already be obvious for experts. They have so much intel. Insiders. Politicians in their pocket. Literally everything retail does not have. Yet they adviced those companies to invest bilions in their stocks… It boggles my mind…. What am i missing? Which brings me to another point: how are all those reddit bear sherlocks sitting in cash telling us the market gonna tank for years down to spy 270-300 if big tech consulting stockmarket experts cannot even predict that shit? They should shut the fuck up. nobody knows shit at all. Buy the dip. Go cash. I dont care. Stay strong together. Kiss

stocks

>And literally no advisor of them saw this drop coming? No one can, and those who say otherwise are charlatans. META and GOOGL believed their stock sold below the intrinsic value of the company and just bought it back, that's about it.

l21bbr

Just a reminder about savings

I've seen a bunch of "I have X amount in savings for the first time in my life" posts as of late, and I just wanted to remind you all that [the savings accounts of your average American is abyssmal](https://abcnews.go.com/US/10-americans-struggle-cover-400-emergency-expense-federal/story?id=63253846#:~:text=Almost%2040%25%20of%20American%20adults,a%20Federal%20Reserve%20survey%20finds.) [Another more recent article] (https://www.cnbc.com/select/americans-running-out-of-emergency-savings-in-2020/) So keep up the good work, and remember, you may be poverty finance ellgible but your financial savy is far better than most.

povertyfinance

Peoples savings rates shot up last year because of the pandemic, so hopefully that trend continues and people continue to save more money. It's amazing what a little buffer of cash can do to increase your quality of life.

a07r3n

Is it just me or is property a better investment for most people than shares.

Three main reasons: 1) no capital gains tax on primary residency 2) people more likely to feel comfortable leveraging debt to amplify returns 3) Lower liquidity without constant price meaning people less likely to sell due to fear during market downturn

AusFinance

I think the biggest argument for property is just that it’s easy to raise capital for and debt provides discipline. In regards to debt discipline, it’s the same reason shareholders like managers to take on reasonable amounts of debt. I still wouldn’t say it’s a good investment in pure rational terms though. You can do a lot better.

scnwf8

Microsoft earnings are out – here are the numbers

Microsoft reported earnings after the bell. Here are the results. Earnings: $2.48 vs $2.31 per share, adjusted, as expected by analysts, according to Refinitiv. Revenue: $51.73 billion vs $50.88 billion as expected by analysts, according to Refinitiv. After two consecutive quarters of revenue growth of over 20%, analysts expect a slowdown to 18% in the fiscal second quarter. That would bring the company back in line with its performance over the prior two and a half years. Microsoft’s Intelligent Cloud segment, which contains the Azure public cloud, GitHub and server products such as Windows Server, generated $18.33 billion in revenue. That works out to 25.5% growth, and it’s a bit more than the $18.30 billion consensus among analysts surveyed by StreetAccount. Revenue from Azure and other cloud services grew 46%. The expectation was 46%, according to a CNBC survey of 15 analysts, while analysts polled by StreetAccount had been looking for 45.3% Azure growth. Amy Hood, Microsoft’s finance chief, eased investor concerns on the earnings call, indicating that demand remains strong across much of the business. Hood said the company expects revenue of $48.5 billion to 49.3 billion in the fiscal third quarter, topping the $48.23 billion Refinitiv consensus. Hood said the company now expects full-year operating margins to widen slightly. Credit to CNBC: https://www.cnbc.com/2022/01/25/microsoft-msft-earnings-q2-2022.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

stocks

MSFT exceeded earnings. Xbox revenue went up 4%. Plus, MSFT acquiring Activision means more growth for MSFT in gaming. Yet after hours, MSFT is down 3%. Guess earnings was not good enough for investors hate computers now. Everyone is nervous about Fed talks this week regarding interest rates. All this is panic selling

pg2zyb

It is unbelievable how bad I am with my money. I feel ill.

I make 10k a month a average. For the last 2 years. I have less then 1,000 in my account. I need serious help. My spending for this year is 80 grand. The worst part is I don’t even know what the fuck I bought. How do I stop this. I need to start being a adult and learn to be responsible with my money. Edit: Was not expecting this to get as much attention as this did. When I wrote this half panicked yesterday I expected to get 3 comments calling me a dumb ass and single comment to really help me out. I want to say thank you to everyone who took the time to share there opinions on this subject. From the bottom of my heart. You have no idea what it feels like to ask for help and get overwhelming amount of it. I have read each and every comment and well I am not replying to any I have saved and screen shot the ones that have stuck out to me. Today I took half a day off from work and spoke with my bank. They have set up a financial plan with me to try out for the next 3 months. Showed me projected savings for 3 months and a handful of years. I have also checked out the YNAB website and book everyone is recommending along with downloading mint and setting things up there to see a break down. I can say a large portion of my income goes to dinning, shopping and travel with only about 21% going towards actual bills. Guess you don’t realize how much those dinners add up. As for the people who dug through my comments and found I have a history of gambling I can see where and how we got to the conclusion it may be a gambling problem. However, I can promise you the amount I spend on poker is a tiny amount. For the year I have spent 1400 since February on gambling. Which I get is wasted money however, well I play a lot of poker. I deposit very few times. Poker stars transactions are only 5 for this year. A lot of people asked about my past. I went from making 26k a year for 6 years of my life thinking that was good money. Until I realized I couldn’t do anything with that except pay bills. Couldn’t take girls out to dinner. Couldn’t go with friends anywhere. When I got my first $9,762 dollar paycheck (I looked up my last years income file) after my first month of sales I blew it all. I told my self I’d never do that again. Month after month I had these paychecks coming in. Some months larger, other months smaller. The outcome was the same. I’d spend it all because I knew I’d make more. It’s horrible. Im glad I posted on her and received the help I did. Thank you everyone.

personalfinance

Take the money out from each paycheck and put it directly into investments before you can get to it. You may make 10k per month but in reality you only get 6k because that is all you get access to. Then pay bills, then have fun with the rest. The best things don't cost much. Also, start asking why you are buying stuff or spending. Is it to look cool? Seem like you are big time? Impress others? Depressed? Mental issues like a hoarder?

qic4gu

Ladies and degens... I'm a dumbass

I did something stupid. I bought FLOKI on mexc.com with USDT (I won't say how much) and accidentally transferred the BEP20 version of Floki to my Metamask address instead of ERC20. On the withdrawal screen it gives you both options, and BEP20 was the one selected so I just went with it. Anyway, to make a long story short, my flokis are lost in god knows where and I don't think I can get them back. Nothing shows up on Etherscan for this transaction either. I've contacted mexc with my problem, but I doubt there's anything that can be done. How not to be a dumbass: always check if you're sending on the right network, always send a small amount first as a test. Thank you Edit - I was saved by u/dzhebarov who recommended I try this https://community.metamask.io/t/sent-form-bep20-to-metamask-and-no-funds-showing-how-to-recover-the-tokens/9409 and it worked! Enjoy 6 moons on me.

CryptoCurrency

Metamask supports BEP20. Check this topic for more information how to add the BSC network to metamask and access your tokens - [https://community.metamask.io/t/sent-form-bep20-to-metamask-and-no-funds-showing-how-to-recover-the-tokens/9409](https://community.metamask.io/t/sent-form-bep20-to-metamask-and-no-funds-showing-how-to-recover-the-tokens/9409)

on5dsg

Lightbulb jokes for the top cryptocurrencies

How many Bitcoin maximalists does it take to change a lightbulb? ​ Ten - one to change the lightbulb and nine to whine about how much better the original was. ​ ​ How many ETH investors does it take to change a lightbulb? ​ 50 - one to change the bulb and 49 to contribute their life savings to afford the gas to get to the store. ​ ​ How many Monero investors does it take to change a lightbulb? ​ None. We operate in the dark. ​ ​ How many Tether holders does it take to change a lightbulb? ​ A dozen - one to change the bulb and 11 to convince the authorities they can pay for the electricity. ​ ​ How many BNB investors does it take to change a lightbulb? ​ Two - one to change the bulb and one to make sure it's as centralised as possible. ​ ​ How many Cardano investors does it take to change a lightbulb? ​ One, but the bulb isn't arriving until late 2021 at the earliest. ​ ​ How many BCH investors does it take to change a lightbulb? ​ Two - one to change the bulb and one to find a bigger block to stand on. ​ ​ ​ How many Algo investors does it take to change a lightbulb? ​ 10,000 - One to change the bulb and 9,999 to proclaim the greatness of the accomplishment on Reddit.

CryptoCurrency

Bonus jokes: How many ICP holders does it take to change a lightbulb? Just one but the bulb will burn out in a couple of weeks. How many Dogecoin holders does it take to change a lightbulb? 1000 - One to change the bulb and 999 to make copies of the original and scam people into thinking it's a working bulb. Edit: How many XRP holders does it take to change a lightbulb? None. He bought the bulb but has no idea what it's for, how it works or who's going to be using it. How many VET holders does it take to change a lightbulb? None. The bulb is powered and held aloft through hype alone. (But once the light reveals an echo chamber the room empties and the bulb comes crashing down) How many LTO holders does it take to change a lightbulb? One. Assuming he's still alive.

400ust

If you've been rejected a bank account because of Bitcoin. Please help us make it more visible to EU Commission

There is a campaign lead by European Commission to report unfair behavior of banks - Twitter: #MyMoneyEU We've been denied a bank account by Commerzbank just because we are a Bitcoin related startup. Please retweet for visibility: https://twitter.com/DoctorLex/status/685190034291601408

Bitcoin

I haven't been denied an account, but I have been stopped from transferring money because the destination was to BitStamp. TransferWise were leant on by the banks https://transferwise.com/blog/2013-04/notice-to-bitcoin-users-april-2013/

h7mkpt

New Medical Biller Doesn’t Know How Much We Owe

We were on a payment plan for a medical bill, paying faithfully every month. Suddenly we stopped receiving bills, and when I called to inquire I was informed that a new biller was overseeing the account. Called the new biller who is, at a minimum, extremely disorganized. They told me they can’t generate a bill because my previous payment history didn’t port over. (This was after 15 minutes of being unable to find our account altogether.) She claims it shows “a balance” but is asking me to corroborate the balance, which I did not do. She also claims her system isn’t showing a date of service. What I’m gathering is that she isn’t sure how much we owe and it doesn’t sound like she can prove that we owe it. She is asking for our EOB and previous billing statement. How do I tell her politely that it’s her responsibility to bill *me*? If she attempts to follow through and bill the wrong amount, I can absolutely counter with our previous most recent billing statement, but I feel it isn’t my responsibility to prove our debt to her. If her office does a knee-jerk and sends us to collections, would a collection agency require paperwork that legitimizes the debt? It’s not that I can’t pay the bill in full *now*, but I want receipts and on principle am unwilling to do her office’s job for them. I’m in PA if it helps. Edit: this started Friday a week ago. I called back today after she said she’d get back to me this past Monday, so four days overdue. She seems to have forgotten everything we talked about and barely remembered that I ever called in the first place. I suspect I’m a line item on a spreadsheet for how little information they’ve retained. Edit: GUYS, for the love of God and all that is Holy, I said I WOULD PAY THE BILL if they will simply send me a statement. People getting hostile on here accusing me of fleecing the servicer, but I *found THEM*! I’m just asking them to follow proper protocol and provide a tangible statement that protects BOTH parties.

personalfinance

Side point, if you liked the medical provider and will want/need to use their services again in the future, PLEASE give them a heads up about the incompetence of their new biller. This could put them out of business.

82e9ip

Daily FI discussion thread - March 06, 2018

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

financialindependence

Testing some new budget / personal wealth software for work (long story), and I volunteered to show my data (small group, safe space, and I'm hoping to lead by example so this might prompt some follow-up questions from younger team members). One of the team blurted out "If your net worth is that high, why don't you drive a better car?" [1] Felt pretty good replying "The reason my net worth is that high, is because I don't drive a better car." Maybe something a few people will think on; also a reminder to me that outside this FIRE bubble people probably are judging me or making assumptions based on my 2006 Nissan. [1] It was a truly genuine question - no malice or anything, she was just surprised and the question came out. I think she was super glad I had a quick response, because she realised it could have been taken as offense and that wasn't her intent.

4k7qdi

Daily FI discussion thread - May 20, 2016

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

financialindependence

Last week I posted about my mom being homeless and being conflicted about how to help (deleted the comments, sorry). Happy to report for anyone interested that I convinced her having a roommate won't be so bad and she's moving into a place tonight! It's only $300/month all inclusive so I just payed the first month for her and gave her $200 for groceries. The woman she's staying with is her age and seems like a good fit. The cheapest studio apartment open was close to $500/month plus a deposit and furniture so this makes me feel a lot better.

67o0pr

Anyone else here planning to RE under age 40 with $750k or less? Is this a realistic goal?

Based on my SR thus far, barring any significant personal or market calamity, I should reach this figure by age 37-38 (I'm 32 now). Of course the SWR is only considered for 30 years, so I don't know what the failure risk is past that considering I would be RE so young. Do you all think this is a realistic figure for such a young retirement age? And this assumes staying in the United States. I really don't want to have to emigrate to a very LCOL country.

financialindependence

I plan on going to semi retirement (along the lines of 1/4 of where I am now) after the 600k mark. Reason being, I don't think I'll ever stop making money in some degree or the other in the long term, so might as well leave the rat race sooner than later. If you never earned income again, it would probably be a little bit of a close call.....but I really think that most people will want to do some sort of income generating ventures at some point.

q1rutc

What's happening today

Hello traders, hope you are well and safe ​ Brent surged past $80 as OPEC+ decided not to increase output by more than 400k bpd whilst WTI crude added 2.5% to $77.70, the highest level since 2014. Natural Gas added 4.7% and Gold extended the recovery to $1,769.30. US stocks kicked off the new week with a selloff as big tech continued to be under pressure. Facebook lost -5% on the accusation of prioritizing profit over the public good, with the massive outage exacerbating the decline. European and Asian indices closed in the red. Evergrande shares trading is suspended in Hong Kong. The US dollar index retreated to 93.76 despite the yield on 10-year Treasury holding above 1.48%. The greenback traded lower against all major currencies. We saw USDJPY dipped to 110.92 and USDCAD to 1.2587 benefits from oil price as well. EURUSD regained 1.16 amid the USD weakness. The final reading of EU Services PMI is scheduled for release today. GBPUSD gained for a third straight day to above 1.36. Risk-off currency CHF (+0.64%) led to the G10 gains. AUDUSD ended higher at 0.7288 With PMI data better than expected with retail sales and Interest rate decision unchanged. NZDUSD rose to 0.6963 as an October rate hike is widely expected. ​ News today EUR-ITA-FRA-GER-GBP IHS Markit Services PMI (Sep) IHS Markit Composite PMI (Sep) Markit Services PMI (Sep) Markit Composite PMI (Sep) ​ CAD Balance of trade ​ USD Balance of trade Markit Services PMI (Sep) Markit Composite PMI (Sep) ISM Non-Manufacturing PMI ​ Trade safe, stay safe ​ https://preview.redd.it/uq2ajv0q9lr71.jpg?width=767&format=pjpg&auto=webp&s=2b8575cbd04032dae80a2b30a30c70477c61cc30

Daytrading

A news brief is a good idea and appreciated in this subreddit, but could you name the post something else? I almost didn't click on "What's happening today" because I thought it was a new user asking trading questions. Please rename your post in the future and you'll get more readers.

k5xbde

12/3 SPY Daily Gameplan

​ [SPY Market Profile Chart from marketprofile.io](https://preview.redd.it/51c05jm53z261.png?width=1113&format=png&auto=webp&s=b38e601d9c66c1b693f7638108e705d2b7aa42a0) # Numbers: **367.68** \- All-time highs **366.60** \- Yesterday's VPOC (most volume traded) **365.80** \- Upper channel trendline / premarket low **365.50** \- Yesterday's value area low (>70% of trades above this price) **364** \- Previous breakout area ​ [30% Bearish \/ 70% Bullish](https://preview.redd.it/f1g5lj736z261.png?width=844&format=png&auto=webp&s=1f715b7d92b361d45b9970caa7b76f08ce1c8809) # Gameplan: Not only did we hold the **364** area beautifully, we closed the first hour ON the upper trendline and never closed below. That's a good sign for the bulls as we'll watch to see if they can make higher highs today. We're continuing to see a tightening of range which is more good news for the bulls as we establish a longer-term uptrend. On the other side of the coin, we're above long-term channels and it just seems *wrong* to be buying the market here outside of a 1-3 day hold. December is also the month where institutions will cut losers for tax purposes which can cause some selling pressure. As a day trader, these aren't things you need to worry about too much but I figured I'd throw them out there. My main watch today will be whether we hold the trendline & premarket low. Should we break yesterday's value low, there's not much support on the charts until **364**. I know this was short today but the market isn't doing anything exciting right now. We're in a bullish uptrend and the trend is your friend. ​ Good luck today folks.

Daytrading

I've lurked Reddit for years but I had to make an account to thank you for your posts. I appreciate the insight every morning. I wanted to thank you yesterday but I had to wait before I was allowed post here. Thanks again.

9bbwxu

Let's take a minute to remember the Pineapple fund

https://pineapplefund.org Tons of great causes were donated bitcoin, and it helped improve the image of bitcoin during the last bull run, and straight up made it more fun. Let's hope more long time bitcoin hodlers will follow that example. There's no doubt that it increases joy and morale in Bitcoin. Go out and micro-donate some mbtc to newcomers if you can. We're very insulated here in r/bitcoin and in reality too many people still think btc is only used on the dark web. We still have to change the perception. Happy hodling (and sharing)

Bitcoin

Thank you /u/satellitemoney. I'm really happy with the impact I was able to make with the Pineapple Fund, and it's shaped what I want to do in my life. I don't know if I'll be able to make a bigger impact one day, but I sure hope I will :)

nnbvzn

Anyone else feel like Shitadel realized the real GME Apes ditched WSB and migrated to Superstonk? The influx of new members and sneaky AMC FUD this past week reeks of Shitadel shills.

I believe Shitadel found GME Apes new base in Superstonk and are doing everything they can to infiltrate and cause chaos in the sub. Brace yourselves for all the sneaky "AMC and GME together strong" FUD type posts. AMC shills want to be a part of the sub so bad. Only GME is discussed here so please take your AMC discussions somewhere else. I don't give a fuck what you do with your AMC shares and don't want to hear about it here. I will continue to report and downvote all AMC related posts. I'm not going to sit here and let you shills come into superstonk and try to turn it into the next WSB Downvote away AMC shills, I eat your downvotes for breakfast and also drink your tears.

Superstonk

I’ve messaged the mod team privately about this to let them know my thoughts on this problem. I don’t want to see the sub get crowded with fud and also with posts like these, I think we should take the incentive to message the mod team and ask them to make a plan for this because I do see it becoming a huge issue quickly.

sw40gt

I am trying to understand taxes

Hello everyone, I'll be coming to England next September with a work visa and I'll start working there with a salary of £30.000 annually. I am trying to make research on taxes but I'm not sure if I understood tax laws correctly, I don't want to break any laws when I come there and I wanted to ask it here to be sure. 1- Some of my friends working there with the same salary, and I see something as "less car benefit" written on their tax code notice around £4000. They are using company car and that's the reason for that, which took me hours of research to understand it if I need to be completely honest. My question is, does this amount change based on my mileage (business or personal) or is it a fixed amount for the car type? 2- Would I be paying tax of this "car benefit" amount even if I use my own car? I don't have one, but I can buy one when I get there if it'll save me money. 3- I'll be coming there with my wife. I've read about "Marriage Allowance" which saves you up to £252 annually but... My wife won't be working, for the first year of our arrival at least, can I transfer some of my salary to her, like £1000 monthly, and avoid paying some of the tax? That would save me £2400 annually from taxes and I know I can transfer money to my wife tax-free in any amount I want, as gift of course. 4- I'll be bringing my laptop, phone and some more personal belongings there with me, probably a PC as well, and they are all worth more than £390. Do I need to declare them at the airport and pay VAT? Nothing to sell or anything, just for personal use but the "Allowance for other goods" part confused me a little. here: [www.gov.uk/bringing-goods-into-uk-personal-use/arriving-in-Great-Britain](https://www.gov.uk/bringing-goods-into-uk-personal-use/arriving-in-Great-Britain) 5- Does National Insurance cover health care? 6- Finally, do you have any suggestions for me? It can be about living in UK, taxes, laws, anything related to living in UK. Thank you very much.

UKPersonalFinance

If you're coming on a work visa then you will most likely have to pay the healthcare surcharge for you and your wife, as part of your visa application process (unless you are coming as a doctor or nurse etc). After this charge there is no ongoing charge for healthcare. You do not pay (income) tax for using your own car Some people receive a car allowance, which is additional money, taxed in the usual way, for using their own car for business purposes. This is not standard, and will depend on the terms of your employment contract Married tax allowance is transferring a bit of your spouse's unused tax free allowance to you. It does not work in the manner you think....you cannot give your spouse some of your gross salary to avoid paying tax on it You will pay approx £3,500 tax in the year - if you are entitled to receive the standard personal tax free allowance, plus national insurance (some people on work visas are entitled to pay no national insurance contribution for the first 12 months - you should look into that to see if it applies to you)

gk5j6h

How long do you keep paperwork for? (e.g. Documents, bank statements, pension docs, etc etc)

How long do you keep paperwork for? (e.g. Documents, bank statements, pension docs, etc etc) Obviously things like original copies of documents, important documents related to property etc you want to keep for life so I want to understand how long you keep different types of documents for.

UKPersonalFinance

Scan immediately and saved. Boring stuff - destroy after 1 year Financial stuff - destroy after 7 years Property stuff - destroy after 12 years Inheritance/trusts stuff - destroy after 20 years If you ever have to deal with the Home Office etc. - never destroy anything.

r0lc7c

Is there anything more I can do to maximise my money?

Currently I (23M) have a savings account with about £5k that I keep as an emergency fund. I'm a student but work part-time and bring in just over £600/m. Roughly £70 of that goes towards subscriptions (e.g. Amazon, Spotify, Phone Tariff, Gym). I'd say between £100-200 gets spent on general expenses (e.g. coffee, bus tickets, take-out, etc.) and the rest gathers dust in the savings account. Since Oct '20, I've put £200/m (£100 each) into both a Vanguard account that invests into the FTSE 100 (currently sitting at about £1.5k), and a Hargreaves Lansdown LISA account that invests into the S&P 500 (currently sitting at about £2k). Finally, I have a Binance account with investments into BTC, ETH, DOGE & SHIB for a bit of fun, currently sitting at roughly £2.5k. Is there anything more I can do to maximise my money? I've heard that people have switched to any bank that offers joining bonuses but I've no idea how that works. I'm contemplating taking £4k out of my emergency fund and putting a good bit of it into BTC, but any advice would be greatly appreciated.

UKPersonalFinance

I would recommend that you invest the maximum (£4000) into your LISA by the end of the tax year (5th April) to make the most of the 25% bonus. If you only need £600 per month you can definitely squeeze an extra £2-3k out of your emergency fund. Remember the best investment you can make, is to invest in yourself. Especially at such a young age. Study hard!

7jfd0d

Forbes: Wealth trends towards growth after retirement

If this is true, we're all too damn worried about the SWR, and should aim for more time. http://www.aei.org/publication/retirees-arent-running-out-of-money-but-why/

financialindependence

This article has questionable generalizability to early retirees who do not benefit from the major subsidies provided by Social Security and Medicare. If someone else picked up my healthcare bills and sent me $1500 or so every month, retiring on a low 6 figure nest egg would be easy. No such luck.

ciwa4i

What’s the most complex Financial Instrument?

Title pretty self explanatory, I was curious about what’s the most complex financial instrument (so probably a synthetic/derivative) that man has come up with?

stocks

Multi-level compound options. A typical option has a put or call on a stock. A compound option can have a put put, call call, put call, and call put. And one level further can get you a monstrosity of a put put call (Betting that the stock goes up resulting in its call increasing in value, decreasing the value of the compound put option on that call, causing your put option on that compound option to increase in value. The markets are strange.

l9cp4o

Please don’t buy Bitcoin from Wirex! Wirex is a total scam please be aware of fraud

I’ve had Wirex since last October and was pretty pleased with the service as I could exchange foreign currencies with bitcoin and could use my Wirex VISA debit card literally anywhere in the world. As I slowly gained trust over the system, I have put a ton of money into my Wirex debit card (over 15000 USD) and even invested in their crowdfunding campaign. But then, this past month, all of a sudden, they’ve blocked my account miraculously and so I couldn’t get access to my funds in the card. I tried contacting customer service but there isn’t really a customer service hotline to call and they never once responded to my emails. So, I think I’ve lost 15000 USD in total. What I’ve read online (which I really should have done before) is they’re probably pulling an exit scam. Gaining good ratings through smaller accounts while blocking bigger accounts with larger $$. I’ve read other dodgy things about them. Reported this incident to the London Police and Financial Ombudsman. Hopefully, I can get my funds back but I think it’s gonna be a fight. Only bitcoin based companies I trust so far is Coinbase but please be aware of financial companies claiming that they sell bitcoin especially with the recent Bitcoin Frenzy. Research research research!

Bitcoin

That's interesting because I have some thousand(s) at Wirex, any alternative worth looking into? The card has worked fine for me but this kind of post can be scary since they seem to be more and more common.

y155uj

Why Help to Buy Remains a Great Debt Deal

People with Help to Buy Equity loans should be relatively content with their situation right now and I haven’t seen this being communicated. After refreshing my knowledge on the subject on Money Saving Expert, I thought I’d break it down. Link below: https://www.moneysavingexpert.com/mortgages/help-to-buy-equity-loans/ 1) The equity loan is 20% of the value of the house rather than a fixed amount This is the one most are probably aware of. When you come to pay the H2B off, you’re protected on this portion of your debt (unlike a mortgage) because there is no risk of negative equity on this particular loan. If your house price falls, the equity loan falls in value too so you pay less back. If the home rises, you obviously pay more, but this is offset by the fact you have more equity by the house price rising. Now the part most people (myself included) misunderstood and got panicked by… 2. Low interest payments For the first 5 years, you pay £1 per month. A phenomenally low interest rate no doubt that you’ll probably never get unless you borrowed from a generous (and wealthy) friend or relative. After your fifth anniversary of taking out the loan, you pay 1.75% interest which is still very cheap debt (as we’ve recently come to remind ourselves). Now this is the part I didn’t appreciate. After this interest kicks in, at the 1st April, this 1.75% will rise with inflation + 2%. Now I foolishly understood that to be something along the lines of: 1.75% + 10% (assuming that is the RPI increase for that year) + 2% = 13.75%!! This is obviously wrong. It would be 12% added to the 1.75% which is 1.96%. Again, this is in a circumstance of very high inflation but the debt remains far cheaper than likely mortgage rates in inflationary environments. TLDR: help to buy equity loan is very cheap debt especially in this environment. Once interest kicks in this remains the case and I can’t see many people choosing to pay it off with a remortgage unless rates fall to very low levels again. Side note: it is also worth noting that Help to Buy ends in March 2023 and you need to reserve your home by October 31st. They also introduced a regional cap so the home would have to fall within the cap. Developers are dropping prices where the home previously may have been worth slightly more than the cap itself to ensure more FTB customers can access the H2B. This could present an opportunity to get a decent deal on your first home.

UKPersonalFinance

Ours comes to an end in May, previously we were planning to remortgage and pay it off, but right now 1.75% vs our 3.14% mortgage seems like a great deal! It'll take quite a few years until the interest is higher than our mortgage. Plus if house prices do dip slightly, there may become a perfect moment to pay off the loan, although there are quite considerable fees associated with doing so.

o2nvx8

Ethereum Max is a scam using celebrity shills.

Just over a month ago a random token was created on Ethereum, Ethereum Max. It's just an ERC-20 token with HODLing rewards and other forms of perks I couldn't find, because they lack a whitepaper. Nothing about this coin is interesting or special, maybe even more useless than the average memecoin. Team is also anonymous, they're not listed anywhere. **Paid promotion.** This is where it gets interesting, the team managed to place advertisements on Instagrams of celebrities. One of the people was Kim Kardashian, a reality tv-star worth over a billion USD with 220m+ followers on Instagram. Kim asks anywhere from 300K to 500K for a single picture, sometimes even 1 million depending on what she has to do. That's a lot of money for a project that's just one month old and has no function whatsoever. Floyd Mayweather is also promoting it, while already being fined 600K for promoting a fraud in 2018 called Centra. Managers, where are you? if Emax goes down (it will), it'll drag all of these celebrities down with them for promoting a Ponzi/fraud/scam. These dumb scams seem to lower the bar every day for crypto to the point we need James Cameron to raise it again. Site is full of spelling mistakes, pretty common for a scam. Currently the project is sitting at 125m marketcap, so there's a lot of investors who got drawn in thanks to these promo's. Only thing I can say, avoid at all cost. If you're really into ''community'' projects I'm sure there's lot of small organizations in your neighborhood waiting for help.

CryptoCurrency

I love it! Like that, you absolutely know what not to buy! I mean if a sextape, getting your head bashed in and dancing in front of phones qualifies you to suggest investment options, then by all means, go for it!

ig2p85

Need to get this off my chest - Focus on Process not return per day, or week etc...

I see a lot of y'all posting about making '1% of week' or '5% a month', etc... THAT IS THE WRONG THING TO FOCUS ON. 1) Did I do my Due Diligence before entering this trade? 2) Is my ROC within the parameters that I like? 3) Are the DTE that I picked desirable for this setup? 4) What is my plan if the underlying goes up 5% in the next five days, goes down 5% in the next five days? 5) 25% Profit Target, 50% target, hold until expiration? And many more things you should be focused on rather than x% per n time period. The reason is you can get lucky for a few time periods and thinking you are hot shit when your study habits are garbage. And if your study habits are tight then you'll know when it's a great week to keep it rolling and push it. All I'm saying is more focus on the process of the trade, the mechanics of the trade, the execution of the trade and less on the results will, long term, serve each one of you better.

options

The real reason why you don't set goals like this is because when you fall behind them you will feel too much pressure to ratchet up the risk to make it back. This only opens yourself up to catastrophe.

3zq9lh

17F, no money, no support from family. What can I do?

I've lived with my mom my whole life (father passed away when I was an infant) and she recently passed away a few days ago, leaving me with only the clothes on my back. I'm currently living with her sister (my aunt) but she has made it very clear that she wants me out as soon as possible. I'll be turning 18 next month and she said she is willing to let me stay for maybe half a year longer, but that's the limit on my stay. I dropped out of high school at 16 for very personal reasons and I do not have my GED, but getting that is at the top of my list. What should I do the next few months? I need enough money to start my own life, but I just don't know where to start. I have a boyfriend of 2 years (18, turning 19 in a couple months) who says he is willing to move out of his family's home in order to live with me and help me out. *TL;DR:* Need to move out at 18, have no money, need someone to guide me. I honestly don't know what to do. Edit: a number

personalfinance

Sorry about your mom. This is the path I'd take. It will reduce all your risk, and create a base-level of support for yourself where you can take care of yourself, and then start making decisions on all the other, fun stuff: * Don't move in with your boyfriend yet, please. It may seem comforting, but it can create real problems that compound themselves. Resist the urge to "stand on his shoulders". Find a way to communicate your emotional needs elsewhere, to real people. Solving your problems independently will give you a good/better start. * Tell your sister/aunt, that you need just a little more help with getting you to the next 3 steps below, only. Don't let her help you after that. You shouldn't rely on her 100%, because it sounds like she won't be reliable. * Find a large church in your area you like who can help you. Nothing extreme or sketchy. Maybe Presbyterian. Feel comfortable. You don't have to be religious. Be nice to them, explain your situation, let them help. Still protect yourself from creeps, but let the church help you a little. Usually people from a church will be willing to navigate you to the places you need to go and get you things for free. They also provide otherwise expensive services like transportation (driving you places). * Talk to your local social/child services to determine if you can go into foster care or if you should be emancipated. Foster care is a good thing, it's mostly normal and gives you time to establish what you need. * Start gathering all your docs to prove you're legally an adult/emancipated/documented and keep them completely safe in a binder. Never ever lose them or let anyone else keep them. People at social services can usually help you gather them. * Get a bank account if you're emancipated, and a savings account. Save literally every penny you don't spend on your most basic bills. * Talk to social services about a welfare program. I swear it sounds bad, but it's not. It's free money while you gather your life together. * Find cheap transportation. Bus is great. Avoid owning a car at this point, even if you think you can afford it. * Get literally *any* documented, legal job in a safe place (think a supermarket or fast food restaurant in the safe part of town). Promise yourself you'll keep the job for 2 years. Tell your boss first day you want to get as many promotions as possible, whatever they are. My wife got to $40k a year after 4 years, which was great for her when she was young and independent. * Find your local housing authority, arrange a cheap/free place to live. They do exist and government programs will help you get moved in. Mentioning the church again, at this point they'll probably be able to provide you with free furnishings for your place. * Get a laptop (see if someone can give you one). Use it to keep copies of all your documentation and use it to manage your budget. Nothing else. * Learn how to cook so you're healthy and saving money that you might spend on restaurants. Even fast food is too expensive for you at this point. I like "Good and Cheap" from Leanne Brown, to help you keep on budget. [link here](http://www.leannebrown.com/) After all this is completed, you will have a base for life/success. No GED needed. You can build on this by going to school, going into the military, whatever, but the good news is you can do it on your own, and who knows, your boyfriend might work out and you'll be able to support yourself through a relationship as well. **One important detail:** notice I didn't say buy a cell phone or a car. Keep your budget wayyyy down. Avoid eating out, buying expensive clothes, buying a TV or tv service, avoid credit cards and anything else that is more than the bare minimum. You don't need internet, get free wifi. I wouldn't even own a cell phone unless someone gives it to you for free and pays the bill. Life will be boring while you do all this, but in the end let people be your entertainment and very quickly, you'll get on your feet and will have a comfortable position to build on your own life. All the best.

8b3oj0

First year of being a sole trader completed

This time last year i was walking out of the job centre for the last time, having finished getting universal credit whilst they helped me start my own business after moving to a new city and bring unemployed. I decided with their help to be a self employed guitar teacher, working from home. Business started off very slow as i tried my best to advertise. It slowly grew as i branched out a bit more, using a website called Tutorful to gain more students (but they take a cut) and also partnering with another tuition website locally. Ive also got some extra work on the side doing audio transcription, also from home. So, i did my self assessment today and came to exactly £5000 profit for the tax year. It's a promising start, but not enough. I don't really know why I'm writing this, but i wanted to tell someone how the year has gone, and maybe someone has some insight on how to improve my income. The last thing i want is to have to get a job i don't enjoy, or be caged in some office with an idiot manager!

UKPersonalFinance

Ran in to a hurdle recently for starting my own business that halted my ambition, and really killed my motivation. But now I've brushed myself off and am determined to work even harder now to make it a success. Reading this gave me an extra push. I wish you the best for your endeavour, and hope you're able to open new doors for yourself.

g3pjew

Munger: "we’d rather come out of it with a whole lot of liquidity"

Link below about a recent interview with Charlie Munger of Berkshire. Looks like they may not be buying up equities as some guessed, instead saying "... we will be fairly conservative." When asked if executives are calling Berkshire and begging for capital he said: “no, they aren’t" and then said "they’re frozen" [https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006](https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006)

investing

These guys are the reason I'm not sweating about only deploying 1/3rd of my cash so far during the crash. I got most of it in around -25% from ATH and I'm happy with that. Right now we're at October 2019 levels and I didn't feel comfortable buying then so there's no way I'm buying now with the current outlook. Everyone seems to think we're out oft he woods but this pandemic is only a couple months in and will persist at varrying intensities untill there is a vaccine.

hjk2ys

It's pretty depressing being 30-40% invested in an international index fund.

My portfolio is 90% equity and 10% bonds. Of my equity positions, 60% is in a US total market index, the other 40% is in an international index. 5% of my US equity is in individual stocks. My international index tracks the MSCI ACWI ex U.S. (ACWX), and that index has never recovered to pre-2008 highs. It's be a 10+ year lost decade. I've only been investing since 2016, but it's hard to remain hopeful that we'll see reversion to the mean, and international stocks will start out performing US stocks at times. It's got to happen sooner than later, right? In the meantime, I see other funds absolutely smoke the ACWX. I'm talking pre-COVID. COVID did not help, but the under performance was true before the pandemic.

investing

Remember that 10 years ago it was the US that was lagging international for a decade: [https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=2000&firstMonth=1&endYear=2009&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=1&annualAdjustment=5000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1\_1=100&asset2=IntlStockMarket&allocation2\_2=100&asset3=IntlDeveloped&allocation3\_3=100](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=2000&firstMonth=1&endYear=2009&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=1&annualAdjustment=5000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&asset2=IntlStockMarket&allocation2_2=100&asset3=IntlDeveloped&allocation3_3=100) Turn off the continuing contributions and US actually ended this 2000-2009 time period negative; at least both total world ex-US and developed only are positive from 2010-2019 so it isn't really a lost decade, just one it didn't perform as well as the US (edit: just checked emerging, that'd also be positive over this timeline): [https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=2010&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=5000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1\_1=100&asset2=IntlStockMarket&allocation2\_2=100&asset3=IntlDeveloped&allocation3\_3=100](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=2010&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=5000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&asset2=IntlStockMarket&allocation2_2=100&asset3=IntlDeveloped&allocation3_3=100)

ouff0c

I just Filled a Complaint with the SEC and I can't believe it took me this long

I didn't know you can submit the tip anonymously and that it only takes 5 minutes to fill out. ​ https://preview.redd.it/61gsdtg3pae71.jpg?width=982&format=pjpg&auto=webp&s=dff402ad33f533d9956197e8642534b090e82538 ​ ​ # I have been bitching for months on reddit and twitter and never once thought to go through the proper channels. I know for a fact that someone in the SEC will at least read my complaint and I feel better about that than bitching non stop tagging them on twitter. The process is very simple. This is their official link: # [https://www.sec.gov/tcr](https://www.sec.gov/tcr) ​ https://preview.redd.it/684og3bzoae71.jpg?width=996&format=pjpg&auto=webp&s=b806d3228872bf302b9341a750744be4b1591c41 # The site itself says you can file just a "complaint" you don't have to be an insider with whistleblower level data. I personally submitted my favorite DD reworded in my "own words" (only took a minute since I know this stuff off the top of my head by now) It's actually very user friendly, this is what the layout looks like: ​ https://preview.redd.it/wzpsmiq7pae71.jpg?width=801&format=pjpg&auto=webp&s=aea5484b02e243cb72c0e2e8e73d2157633d3607 # I feel so much better now knowing that for a fact my voice will be heard, not saying they will do something about it, but they can't deny that we know what's going on when in the end of the day this shit has to be reported somewhere and logged. It's official now, the DD is on the record. ​ https://preview.redd.it/54hshzbhvae71.jpg?width=800&format=pjpg&auto=webp&s=36bea80b4cc958e633dd38989940109116ad0618 SEC only Receives 1k complaints a year for manipulation of securities, we got the lego guy approved with 10k in a day. Imagine if we submit, i dunno, 140% of their yearly complaints worth in a day? Someone will have to have a meeting about that. Just saying

Superstonk

I mean there is an fbi building not far from my house, I've thought about making a sign and standing there off their property for a while now, there are cameras all over the building. I think it'd be interesting to see how long it takes for a response.

vz550b

Did hedgie bots panic short coke because of the massive influx of coke posts on reddit?

I'm a little out of the loop, but coke being down 14% today reminded me of that time when reddit kept pushing random tickers as a distraction for the hedge fund bots. It was like jedi mind tricks. Did the hedgies think reddit was all of a sudden gonna Yolo in on Coke today?

Superstonk

Only one way to test this theory. Someone pick a stock, that has a name that is a synonym for something ape like. Then we all post the shit out of it. People who can, tweet. (not on twitter) See if we can get a mention in the next 16 hours on some fuddy stock news channel. Then we see what happens...

miqnyf

Polkadot (DOT) has quietly overtaken Cardano (ADA) in market cap.

It's been quite interesting to follow these two coins, as they were both started by Ethereum founders, and both seek to solve problems those founders had with ETH 1.0. Polkadot has been rolling out new features and recently Acala has won a parachain slot. Its price has been inching closer and closer to $40 though I suspect it there will be quite a selloff at that point. Meanwhile, ADA has been holding steady at around $1.20 for the entire month of March. A re-accumulation phase, perhaps? They are promising smart contracts soon, however. Disclaimer: I don't think Crypto is a zero-sum game. There's room for every coin to be a winner. I also don't think either of these coins are Ethereum killers, that's just shill talk. It's just an exciting time to watch both DOT and ADA try to position themselves while ETH 2.0 is not too far off.

CryptoCurrency

I follow both very closely, but only own ADA at this point. I keep waiting for an entry point into DOT (what I believe to be fair price), but it hasn't come yet. I've been second guessing myself lately and may be victim to FOMO here soon.

3hb7tp

TSLA upgraded by MS, one of the banks the secondary equity offering will be through

MS just upgraded TSLA from 280 to 465 (+66%, a very large upgrade, deviating far from their historic target movements), a few days after they announced participation in TSLA's secondary equity offering. Isn't there some sort of conflict of interest here? Haven't seen something this blatant before and wanted to read other opinions since I'm not entirely sure. edit: My question is not of the literal price target or TSLA valuation or any of that. My post is regarding conflicts of interest, as IB/ER conflicts of interests have been under heavy scrutiny/regulation for quite a few years now, and I would find it odd to be extremely coincidental/not against regulations. I do not own the stock and have no plans to in the near future.

investing

I took my profits after the earnings "correction." I can't justify holding TSLA at a 30bn valuation. That is half of Ford with less than 1% of the vehicle deliveries. I'm not saying they can't get there but the price already reflects an almost unimaginable growth trajectory.

h0nf12

Buying Land with Transmission Tower on it

I'm looking to purchase a big block of land to build a house on, and have found a block that's 11000m2 which has an electrical transmission tower on it. The owner has defaulted on mortgage and has not been cooperative in providing information. Would the energy company who owns the tower be paying rent to the land owner? Who would I contact to find this information out. This in in Queensland.

AusFinance

Previously worked for supply authority (NSW). I would never recommend owning a property with a transmission tower in the yard unless you do not mind the risk of significant inconvenience during capital works projects (property damage can occur eg grass torn up by trucks) and you are not concerned with the mains exposure - it possibly will cause interference on wifi, phone signal and other electrical equipment. There is likely an easement allocates to both the tower and the span of mains with a clearance depending on the voltage, it can be quite wide. This easement requires full access and cannot be built on or have excessive gardens. Again anything on the easement can be destroyed during projects without liability. The easement access is entitled by the authority and extremely rare to be leased. A majority of people do not like them - impacts resale value and rental prospects. If you can get the place at a significant enough discount from a cashflow valuation go for it, otherwise I think sit it out. Edit: the easement is technically an entitlement of access and use rather than owned, you as the property owner is responsible for the land.

yjtwud

How viable will it ever be for Gen Z kids to buy houses?

Interest rates have gone up SIGNIFICANTLY. No fool would want to take on a mortgage with the way things are going I read somewhere that a white-collar graduate was able to afford a $300k house on a $60k salary (right out of uni) in the early 2000s (think it might've been after the GFC. Can't remember exactly) I'm most likely going to be getting an accounting position at one of the Big 4 accounting firms on a starting salary of $65k in 2024. Even if I advance till $150k, it looks like it's out of reach. Am I wrong? Or do you reckon the housing bubble's about to burst and we're about to see the most horrific housing market crash a few years down the line?

AusFinance

My wife and I were married and had been working about 5 years before we looked at buying a house in 2001. We were each earning about $50k. Engineer and teacher. The bank pre-approved us for $350k, which seemed like an astronomical amount. We had no intention of taking on anywhere near that much debt. Bear in mind that interest rates were upward of 7%. We looked at inner suburban Melbourne duplexes and units around $250-280k and they were crappy. Then I got a job in a regional city and we got a livable house in need of work in a great location for $198k. We're still in the same house 21 years later. Takeaways from this - nobody comes straight out of uni into the housing market. Buying a house on a single income would never have been realistic. Your first house is going to be a bit crappy, not a median house costing the median price. All that said - the level of debt required to buy a house now is insane. Supposedly manageable when rates were low but really not when rates go up. Wealth inequality has crept up. Those with no houses now will struggle to get one. Most GenZ'ers who get houses will only do so through intergenerational wealth transfer - inheriting a house or a sizeable fraction of one.

qs27m

So you want to buy a house at auction?

So you want to buy a house at auction? So you have finally taken the plunge and are looking to buy a new house. First off, congratulations. If you are in my demographic (18-30), you are a statistical anomaly, but I digress. A little about myself. I am a real estate investor located in Southern California. I buy both properties to flip, as well as rental properties for myself and my clients. I first came into the field in 2008. As an assistant to a rather large CEO of a mortgage company that shall remain nameless for various reasons. His “hobby” was to buy houses at auctions, of which he decided I was best suited to learn. I helped purchase properties up until the 2009 crash, when most of us mortgage workers got laid off. I started my own company shortly afterward, managing REOs for various financial institutions. Business was good, and we soon became Bank of America's largest foreclosure contractor, managing up to 17 states and territories including the hardest hit areas of America (CA, FL, NV, IL, AZ). Ive changed more locks and performed more evictions than anyone in the US up til that point. I sold my company in 2010 to get back into the property investment industry. My current company runs back end work for investors who wish to buy houses at auction, but do not have the time or the knowledge to put into purchasing. If you are interested, contact me later. All investors have to do is cash their dividend checks when the properties sell. Its this secretive process that people pay so much money to learn. Whether its through books or infomercials, you'll never really get the whole picture. Even with my explanations below, my knowledge is limited to only Californian auctions and laws pertaining to the state. It is also a summary, and shouldnt be taken as a bible). In general, I suggest caution. Auctions are not for the faint of heart. Im giving this advice for free because someone gave me a shot once, and if you can do better than me, best of luck to you. First off, a list of things you will need to succeed. -Time. I cant stress this enough. Whether you are buying the house to live in, or to invest, auctions are a full-time job. We've been know to work 60-80 hours a week just to buy a couple houses a month. -Money. Cashiers checks made out to yourself for the full amount of the winning bid. There is no 3% down at auctions. Its full price, or nothing. Do not show up at an auction without said cash. Preferably break it up into 25, 10, 5 and 1 thousand dollar amounts for which I will explain later. -Access to the MLS (multiple listing service) or equivalent. Current houses for sale in the area in question, as well as properties sold within the last year. -Access to a local realtor who knows the trends in your investment area. Preferably someone with some knowledge of foreclosures. -Access to a contractor, or someone knowledgeable of construction issues with residential houses. -A competent title rep, or self-knowledge of title paperwork. Knowledge of the foreclosure processes and laws in your state are a must. -Someone in the field running to properties that are up for auction, as well as comparable properties. A digital camera for said properties as well. Auctions are hectic, and sometimes minutes count at the courthouse steps. -Access to foreclosure notice lists. (ie, sites like countyrecordsresearch.com) -Balls. If you were anything like me, you will be spending a significant portion of your net worth on your first purchase. You will also be competing against seasoned bidders most likely. Good luck. The first step is using the foreclosure list services. I use www.countyrecordsresearch.com for my properties, but there are many others. Basically, I get a daily email of foreclosure notices, their address, and a basic idea of what notes are going to auction. Keep in mind, at auction, you are buying the note on a house, not the house itself. I warn you though, the chain of title and amount of money owed on these lists are a general estimation. One should never use services like this one to purchase properties alone. Once you have the list, you have to weed through the garbage. Namely, houses that are underwater in their mortgages. The opening bids will often exceed the value of the house, so you may discard them (most times, which I'll explain later) immediately. This is also where access to the MLS helps. You have to run “comps” or comparable properties. Never trust zillow.com to run the value of the house. They are usually way off the mark in terms of value. Out of say a list of 100, you will quickly narrow it down to a dozen or so properties. Namely, the houses that are going to auction that are below the estimated house value and in range of your investment parameters. Most houses are underwater, hence the auction. Once you have done this, then the real work begins. Most times the notice of foreclosure will come a week or so ahead of time, so you do have a little bit to do your work. If for some reason it comes later, and you dont have time to do proper research, pass on the property. Its not worth the time and effort. Keep in mind that serious investors wait weeks or months passing on properties that dont meet their exact requirements. You shouldnt be eager to jump the gun. Given the economy, your meal ticket will eventually arrive.

investing

Once you've narrowed your potential investment properties down, now you can order your title work (or do it yourself). I cant stress this enough, that if you outsource this, your title rep needs to be competent. If your title rep tells you the auction you are bidding on is a trustee's deed in the first position, but you end up bidding on a 2nd mortgage or worse, you are now responsible for that debt. Personally, I do it myself most times. There are all sorts of quirky little things that come up on title that only years of experience can tell you is a red flag. You only want to bid on mortgages in the first position on title. If you buy this mortgage at auction, all other title debts recorded after it are immediately erased, and you own the property free and clear. Keep in mind that auction properties come with no title insurance, and no expressed warranties or guarantees. Buyer beware. *I've seen some people bid on seconds when its worth it, but for times sake, I wont bother teaching this lesson. I dont bid on 2nds, and neither should a novice investor. After you have determined your potential property's title is clean, and that you are bidding on the mortgage you want, you will have to pull tax records. Upon the time of recording the deed in your name, all back taxes must be paid. This can usually be found at a county recorder website, or in more rural areas, at the county recorder itself. While usually not devastating, paying back taxes often eats up your ROI. Its the number one killer of property flippers. Sometimes you can get lucky and the former owner is current, sometimes they may owe $20,000 or more. Once you have done your tax and title research, you should have narrowed your search down to a handful of properties. Now you “run” them. Namely, go out, take pictures of the properties, and generally pound the pavement. Ballsy investors will go up to the current tenant and ask for a tour, or maybe talk to the neighbors. The real holy grail is access to the interior of the property. Occasionally, the former owner is long gone. This is rarely the case. Either the owner, or more likely a hapless tenant are occupying the house. The reason you take pictures is because many MLS or zillow pictures are often dated, and dont give you a good idea of what it will take to fix glaring issues with the house. Issues that you want to look for: -Horizontal cracks in the siding or stucco. Indication of foundation damage. House is probably non-sellable. -Condition and slant of the roof. Also an indication of foundation damage, but no one wants to replace a roof if they can get away with it. -General condition of the neighborhood. So called “curb appeal”. Does the architecture match the neighbors? Is the house the most run-down on the street? This is where a realtor would be helpful. -Sofit/siding issues. If they are cracked, or show indication of termites, you have to take into account remediation costs. -Is the kitchen intact? Usually can be seen through windows. Former owners have been known to completely rip out fixtures. Replacing them can be pricey. -Any indication of black mold? This is probably the most expensive remediation and can run in the $10,000 price range if its bad. -Exterior/interior paint conditions? Will it need a new coat? -Sagging or wet lawns can indicate an issue with a water main or septic tank. Make sure if it is a septic system, that it is intact. Pooling gray water in the back yard is a dead give away it isnt. -Items in and around the house. They will often times have to be removed by yourself. Make sure there are no hazardous issues such as paint/oil/gas around. A few is easy to get away with, a horde is more difficult. -Landscaping. Overgrown? The city can fine you for it if left alone long enough. In general, you want to keep your rehab costs as low as possible. Contractors who can do this work for cheap usually make the best bidders, but thats just my opinion. Once you have your photos and you've done the legwork out in the field, also make sure you drive by and take photos of your “comps” just in case. One from the curb is usually necessary. Sometimes a house is comparable on paper, but in real life, not so much.

u5tv72

So I’ve finally taken the step to accept BTC at my business.

And no one really cares. I run a motorcycle workshop dealing with usually fairly large job such as race bike conversions, crash damage etc and I recently took the jump to accepting BTC payments. I launched this on my website along with the Facebook and Twitter pages. I also have added it to my invoices and even mention it as a payment mention to anyway who asks over the phone/in person. I have a 10% discount for any invoice paid in Bitcoin for the first 10 customers. It’s been 6 months now and every time without fail it is “I’ll pay by card please”. Not one person has shown any interest in Bitcoin or cryptocurrency in general. It’s strange because in the circles I’m in (including this sub), crypto is a part of every day life and it’s easy to think this carries over to the general public. For now at least I think we are still so far away from mainstream adoption. Especially with my usual customer stereotype - 40’s and somewhat successful. I’ll keep trying and see how it goes. Maybe I need to start accepting doge and get to work fixing scooters instead! Edit: doge not dodge - autocorrect but it’s not far wrong. Second edit: Thanks for all your help and comments on this post. As a direct result of you fine people I’m now in the process of changing all the marketing to “Now accepting BTC and other cryptocurrencies”.

CryptoCurrency

Nobody wants to be that guy that bought the pizzas and lost out on millions and millions. A half a bitcoin for 20k in work could be worth wayyy more in the future. I'm guessing this is most people's thinking. Unfortunately I'd pay with a card too because I don't want to give up my crypto yet.

ztlkt9

Why you should be terrified everyday inflation is only “waning”

In 1964 a gallon of gas cost about a quarter. So how did we get to today’s price? Through inflation. The fed targets 2% inflation per year to spur people to invest their money and not keep it in the mattress. Essentially, if you save that money in a safe it’s losing a compounded 2% annually. Several times since 1971, inflation has run away including in the 70’s and each time we had to raise interest rates above the rate of inflation to swiftly stop it. We’re not raising fast enough in this case and that’s a huge problem for the rest of our lives. Why is it important to swiftly stop inflation? Because they never fully deflate, prices don’t go back to pre-inflationary prices. That is how gas becomes 3-5$ instead of 0.25c over 58 years. Which means that if this inflation only wanes down 0.1% for months on end then your prices, for the rest of the of your life, are rising higher and higher and these prices will be the new normal. They will stop their measures at 2% inflation and where we land is the now normal for pricing. For every 1% in inflation we gain that is 1% you have lost for the rest of your life. Because they don’t reverse it. They only get to 2% and stop. We have now gained somewhere close to 10% in 2 years. That means for the rest of your life now 10% of your earnings, that you don’t make up in raises, is gone and it will be compounded by an extra 2% annually and other high inflationary periods. You should be screaming for them to raise faster as they did in the late 70’s because you now have to make 10% per year in the market to even stay above the new prices you will pay. That is impossible for most. Don’t believe me? Look up consumer prices from the late 60’s, 70’s and 80’s. We don’t ever roll them back to where they were. Sure you will get some back in the form of raises, but you won’t get it all back and this is called erosion of your purchase power. Ever hear how people in the 1950’s and 60’s could buy a house and 2 cars and pay them off in 4-7 years? Their houses cost 10k and cars 2k and they had salaries of 10k or more per year. The same house and cars you pay 100k+ and 50k+ for. The wage increases never match inflation and slowly the poor and middle class are bled to death. Hopefully this spurs some of you to understand monetary policy in this country better, it’s the single biggest destroyer of our livelihoods.

wallstreetbets

Yes yes yes, this is what also brought us the 2 working parents household. Erosion of the family unit will only get even worse than it already is. This is why dogs are the new children, ain't nobody can afford childcare and education without making a sociopath's salary.

8vreq9

So how simple is fundamental analysis, really?

Believe me when I say that I'm trying to make this as simple as possible because investing is complicated already. If I'm looking at a company's book value (shareholder equity) and I'm trying to see if it's bigger than the current market cap, do I just literally look at one and then look at the other to see the difference? Do I have to crank out an equation to see if one equals the other or is it as simple as just keeping your eyes a little bit more open? Yes, trying to figure how exactly *how* much a security is undervalued or overvalued is the goal. And none of the analytical work can really be backchecked (you really have to trust what you know and that's a problem when you have **zero** background in this stuff and **zero** business experience at all), but how much simpler can you really make this *without* losing something substantial in the analytical process?

investing

While equation really is that simple, the hard part is determining whether or not the equity could actually be realised. You have to take into account why it’s so undervalued, a few simple ones I could come up with are: Has something substantial happened between now and the last quarters report? Is the company burning through its cash/assets at an alarming rate? Because if it is the book value will drop the next time they report. Also are the assets actually sellable? For example if goodwill is a big part of the balance sheet it may be overstated. Are the factories old and shitty? Could they even sell them if they needed to? If the company wants to consolidate, shift industries or liquidate they may not be able to sell their assets at anywhere near the value stated on the balance sheet. If the company is trading below book value the market obviously expects the company to struggle in realising profits from the assets it has. The market can be wrong, but it normally isn’t (so dig deep, you may actually be right)

6kqdkj

How to negotiate FI as a professional athlete

I found this hilarious, remarkable, and an amazing tribute to the power of compounding interest. http://www.espn.com/video/clip?id=17669446 Happy Bobby Bonilla Day!

financialindependence

Watched it, he didn't even ask them to do it. Some genius in the Met's accounting department said > If we can not pay him $3m for a decade while paying interest at 8% then we can invest that money and this guy I know says he can give me at least 15% so we can bank the difference, it's foolproof. When you get right down to it the transaction that happened here was the Mets approaching Bonilla and asking to borrow $3m off of him at 8% annual interest and no payments for 12 years. He accepted and they took his $3m and gave it to Madoff. They didn't spread it out over time because they didn't have the money or wanted to buy another player or anything like that. It was just "why go to traditional sources of financing to raise capital for this Ponzi scheme when we can hit up professional baseball players for a few mil".

c7uc66

Every $100,000 saved = $10/day at 3.65% Withdraw Rate

After seeing this [post](https://www.reddit.com/r/leanfire/comments/c3xk0m/where_can_you_leanfire_on_1k_a_month/?utm_source=share&utm_medium=web2x) on FIRE links I was reading about safe withdraw rates by [Early Retirement Now](https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/). I'm still working my way through it, but overall they recommend 3.5% for very long retirements. Was playing with some numbers to get rough ideas of annual incomes and what that worked out to for $/day. Realized that this shortcut for 3.65% was a pretty handy way to get numbers really quickly. Just have to multiply by 30 for a monthly number. **@ 3.65% WR** |$100,000 =|$10/day|$300/month| |:-|:-|:-| |$500,000 =|$50/day|$1,500/month| |$1,000,000 =|$100/day|$3,000/month|

financialindependence

Interestingly enough, depending on stock/bond allocation (I don't recall what it was right now, sorry), I found that a "100% safe" SWR - where it, based on 100+ years of history, will not run out of money for 40+ or so years. That number was lower than 4%, and higher than 3.5%. 3.65% would probably be "close enough" to that SWR and would make for a great and quick rule of thumb in those scenarios!