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u6ctvt

I'm Chris Blattman, economics and political science professor, and I just published *Why We Fight* a book about everything we know about global conflict. AMA!

Hi, I’m Chris Blattman from The University of Chicago’s Harris School of Public Policy. My book [Why We Fight: The Roots of War and the Paths to Peace](https://chrisblattman.com/why-we-fight/) publishes tomorrow April 19th. [Proof](https://twitter.com/cblatts/status/1516042751183400965?s=20&t=zThno_trYkiVyn4to4hpxw) I’m an economist and political scientist. I’ve worked in civil wars in East & West Africa, and with gangs in Colombia and Chicago. My book looks at fighting of every kind—from civil conflicts and gang wars to ancient Greece and the World Wars, plus the kinds of invasions we are witnessing now in Ukraine. [Why We Fight](https://chrisblattman.com/why-we-fight/) walks through the psychological and strategic forces of war, especially the ones we tend to overlook. It’s easy to forget that war shouldn’t happen — and that most of the time it doesn’t. There are millions of hostile rivalries around the globe and yet only a fraction erupt into violence. That's because war is ruinous. War is what happens when something keeps rivals from weighing the brutal costs of fighting. The book looks back at decades of social science and shows that there are really just 5 ways this happens: 1. *Unchecked interests.* When leaders aren't accountable to their people and ignore the costs, or seek private gains 2. *Intangible incentives.* When groups value something ideological or intangible that only war will bring 3. *Misperceptions.* When groups misperceive themselves or their enemy 4. *Uncertainty.* When their opponent's strength and resolve is uncertain 5. *Commitment problems.* When an opponent is expected to grow strong and can't commit not to use that strength in future I've also worked on poverty alleviation, cash transfers to the poor, sweatshops, and randomized control trials for poverty and violence reduction. Happy to answer questions on and off the topic of conflict. I a longtime [international affairs and development blogger](https://chrisblattman.com/blog/) and happy to cover any topic I write about there: academia, development, or career advice for young people. Ask Me Anything! (I'll be collecting questions this morning then start responding midday Central Time.) **Edit**: Thank you all, I had a great time answering all your questions. Thanks for participating and you can always ask me anything about econ, politics (or ducks and minecraft) [on Twitter](https://twitter.com/cblatts). You can also [subscribe to blog posts by email](https://chrisblattman.com/blog/). I’ll do my best to come back to some of the unanswered questions if I can later on

AskEconomics

I'm an International Relations researcher and have recently done a bit of sociology of science (aka: navelgazing). My question: In your research for the book, what time did you spend on different (sub-)fields like economics, political science, psychology, sociology...? Did anything stick out to you in terms of "I wish A and B talked more to each other"? Of course I'm thinking of the stereotype that economists don't cite political scientists... but there may be much more interesting observations!? Would also love to hear your thoughs on balancing rationalist and more ideational/ sociological causal arguments. Thanks -- I look forward to reading your book!

u6ctvt

I'm Chris Blattman, economics and political science professor, and I just published *Why We Fight* a book about everything we know about global conflict. AMA!

Hi, I’m Chris Blattman from The University of Chicago’s Harris School of Public Policy. My book [Why We Fight: The Roots of War and the Paths to Peace](https://chrisblattman.com/why-we-fight/) publishes tomorrow April 19th. [Proof](https://twitter.com/cblatts/status/1516042751183400965?s=20&t=zThno_trYkiVyn4to4hpxw) I’m an economist and political scientist. I’ve worked in civil wars in East & West Africa, and with gangs in Colombia and Chicago. My book looks at fighting of every kind—from civil conflicts and gang wars to ancient Greece and the World Wars, plus the kinds of invasions we are witnessing now in Ukraine. [Why We Fight](https://chrisblattman.com/why-we-fight/) walks through the psychological and strategic forces of war, especially the ones we tend to overlook. It’s easy to forget that war shouldn’t happen — and that most of the time it doesn’t. There are millions of hostile rivalries around the globe and yet only a fraction erupt into violence. That's because war is ruinous. War is what happens when something keeps rivals from weighing the brutal costs of fighting. The book looks back at decades of social science and shows that there are really just 5 ways this happens: 1. *Unchecked interests.* When leaders aren't accountable to their people and ignore the costs, or seek private gains 2. *Intangible incentives.* When groups value something ideological or intangible that only war will bring 3. *Misperceptions.* When groups misperceive themselves or their enemy 4. *Uncertainty.* When their opponent's strength and resolve is uncertain 5. *Commitment problems.* When an opponent is expected to grow strong and can't commit not to use that strength in future I've also worked on poverty alleviation, cash transfers to the poor, sweatshops, and randomized control trials for poverty and violence reduction. Happy to answer questions on and off the topic of conflict. I a longtime [international affairs and development blogger](https://chrisblattman.com/blog/) and happy to cover any topic I write about there: academia, development, or career advice for young people. Ask Me Anything! (I'll be collecting questions this morning then start responding midday Central Time.) **Edit**: Thank you all, I had a great time answering all your questions. Thanks for participating and you can always ask me anything about econ, politics (or ducks and minecraft) [on Twitter](https://twitter.com/cblatts). You can also [subscribe to blog posts by email](https://chrisblattman.com/blog/). I’ll do my best to come back to some of the unanswered questions if I can later on

AskEconomics

Hi Chris, Congrats on the book. I did my undergrad in development economics and comparative politics and then my Masters in Democracy and Governance. I know work in the international development space and I've followed your blog writing for years - it's been a great source for keeping up to date on new research, etc. I remember coming across [this post](https://chrisblattman.com/blog/2011/06/21/books-development-economists-and-aid-workers-seldom-read-but-should/) of yours back in 2011 on books that aid workers should read. Any updates from the last decade?

6g9euu

I am living in a delusional world

Those who have been here for a while now will probably relate. We have accumulated significant wealths... yet after a certain point most of us stopped telling everybody about it. For many of us hodlers, we haven't even sold since it was 18$ and no one really knows about our true net worths. Who would have though that a small community of 38000 redditors, somewhere, is making 2000-3000% profits on their investments? Hell, nobody will believe you even if you told them. They would probably just say it is a scam, or dismiss your arguments. You probably don't even WANT to talk about gains anymore because it is not possible to explain this crazy technology. We are all living on mars right now, without the slightest idea of what is gonna happen an how crazy all of this can get. If this is the future, let's embrace it while we are at the begging . For most of us, this still feels like an illusion

ethtrader

My wife just looks at me blankly when I tell her how much we have made, she doesn't believe it's real money. Persuaded my step dad to invest though, he's made mad bank and now thinks I'm a genius. They are both very wrong.

v3px29

My goal has always been to become financially independent through real estate investing but lately I’ve been having a moral dilemma..

This probably isn’t the best sub to ask/discuss this topic but how do you justify buying up investment homes/rental properties especially in this scarce market? There are plenty of qualified buyers who are renting at the moment because there’s no supply and I feel a bit guilty taking these homes away from them… Do you chalk it up as it’s just business- nothing personal?

realestateinvesting

Easiest way to solve this dilemma is to just buy properties that normal home buyers won't buy. 1. Buy Multifamily. Only investors are going to buy multifamily, and multifamily is needed in communities. 2. Buy Fixers that need a lot of work. You are improving the property and community by adding value to the property. 3. Build your own homes for rent.

mwfqma

GameStop just filled the 14A

Holy moly, are we about to go to the moon!!?!!?!! THE MOASS IS COMING!!!!! OMFG 😱 [https://gamestop.gcs-web.com/node/18846/html](https://gamestop.gcs-web.com/node/18846/html) ​ Mark on your calendar the following info: **Meeting Type:** Annual Meeting of Stockholders **Date:** Wednesday, June 09, 2021 **Time:** 10:00 AM, Central Daylight Time **Place:** 625 Westport Parkway, Grapevine, Texas 76051 ​ **Letter from our Chief Executive Officer** April 22, 2021 Fellow Stockholders, Thank you for your investment in GameStop. It is my privilege to serve as GameStop’s chief executive officer, working with a group of highly-committed and knowledgeable Board members in stewardship of the long-term interests of all our stockholders. As we move forward in 2021, we are focused on transforming GameStop into a customer-obsessed technology company that delights gamers. We are working to create a differentiated customer experience that positions us to access new customers, further engage with existing ones and reactivate former ones, while also focusing on initiatives that drive customer lifetime value. The strategic initiatives that support our goals include: ​ 1. Investing in technology capabilities, including our E-Commerce presence, systems and customer insights gathering. 2. Building a superior customer experience, including by establishing a U.S.-based customer care operation. 3. Expanding our product catalogue and addressable market. Certain emerging categories represent natural extensions that we believe our customers expect from us. 4. Growing our distribution footprint fulfillment operations to improve speed of delivery and service. This will enable us to provide customers convenient, flexible, and competitive delivery options across the entire product spectrum. We expect to accelerate these and other elements of our transformation while continuing to capitalize on the new console cycle. We believe the progress we have made over the past two years positions GameStop for long-term growth and to deliver value for stockholders. As your fiduciaries, GameStop’s Board remains committed to enhancing value for our stockholders. We appreciate your support of management and the newly refreshed Board as they work to continue to create value for all stockholders. Sincerely, 📷 George E. Sherman Chief Executive Officer ​ **Notice of Annual Meeting of Stockholders** Dear Stockholder: We invite you to attend our Annual Meeting of Stockholders on Wednesday, June 9, 2021 at 10:00 a.m., Central Daylight Time, at our corporate headquarters located at 625 Westport Parkway, Grapevine, Texas 76051. At the annual meeting, you will be asked to: **(1)** Elect six directors, each to serve as a member of the Board of Directors until the next annual meeting of stockholders and until such director’s successor is elected and qualified; **(2)** Provide an advisory, non-binding vote on the compensation of our named executive officers; **(3)** Ratify our Audit Committee’s appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending January 29, 2022; and **(4)** Transact such other business, if any, as may properly come before the annual meeting and at any postponement or adjournment of the annual meeting. Only stockholders of record as of the close of business on April 15, 2021 (the “record date”) are entitled to vote at the annual meeting and any postponement or adjournment thereof. Please see pages 9 – 12 for additional information regarding attendance at the meeting and how to vote your shares. This proxy statement provides information that you should consider when you vote your shares. Your vote is important. Even if you plan to attend the annual meeting, we request that you vote your shares as soon as possible by following the voting instructions contained in this proxy statement. By order of the Board of Directors. Sincerely, 📷 April 22, 2021 Dan L. Reed *Senior Vice President, General Counsel and* *Secretary* ​ ​ [Ryan Fucking Cohen!](https://preview.redd.it/g7z50aksrsu61.png?width=1656&format=png&auto=webp&s=056bae5b9219dbf7d17c10a7ce5024e56756c5cf) Edit: Second filling 14A-101 [https://gamestop.gcs-web.com/node/18841/html](https://gamestop.gcs-web.com/node/18841/html) **THE BOARD OF DIRECTORS RECOMMENDS A VOTE:** **FOR** ON PROPOSALS 1, 2 AND 3 ​ **PROPOSAL** 1. Election of Directors 1.01 George E. Sherman 1.02 Alain (Alan) Attal 1.03 Lawrence (Larry) Cheng # 1.04 Ryan Cohen 1.05 James (Jim) Grube 1.06 Yang Xu 2. Provide an advisory, non-binding vote on the compensation of our named executive officers; 3. Ratify our Audit Committee’s appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending January 29, 2022; and 4. Transact such other business, if any, as may properly come before the annual meeting and at any postponement or adjournment of the annual meeting. Edit 2: Thank you for the visibility awards apes! Let's fucking go to the moon! I hope they would vote for dividends to add more fuel to our 🚀 Edit 3: Many apes are asking about the recalling for votes. Please check this link [investopedia](https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp)

Superstonk

Flip to page 26/27. Napkin Math: 70,771,778 total shares Top 6 institutions (removed RC)- 45.8% Insiders- 16.5% = 62.3% of shares or ~44.1M 70.8M total - 44.1M= 26.7M Shares Available (float estimate) This is wayyy lower than the 40M-50M float assumption commonly used. Yes, top institutions can always sell some but... Apes Own the Float (and prob a lot more) Add in all the other institutions and the claim they own >120% of the shares.. LOL HODL

64q201

United Airlines stock down over 5% premarket trading

http://www.marketwatch.com/story/uniteds-stock-is-set-to-fall-5-and-wipe-1-billion-off-the-airlines-market-cap-2017-04-11 UAL is set to lose over 1 billion in market capitalization after violently dragging a passenger off its airplane. Edit: United Airlines recovered most of its early losses later on into the day, posing a daily loss of just over one percent but trailing behind other major airlines that were mostly green.

investing

United offers an undifferentiated product in a hyper-competitive market where purchasing behaviour is driven by a) sentiment or b) price. Well, they just booted the cheapest passengers while assaulting one of them. Combine that with a history of bad experiences and I don't see how they're going to fix this one without months of damage control. Or, at the very least, a lot of heads on pikes. My thesis is that it's likely that this isn't another broken guitar. No, I think it's another Chipotle or Ratner. Here's why; * **Because he's the perfect victim.** *Elderly* Doctor on the way to tend to his patients is assaulted by jack booted thugs. They went after the one (?) person on that plane who could elicit universal empathy and had a valid, pressing reason to keep his seat. * **Because there's blood.** The fact that he was harmed is immediate and visible. There aren't any follow-on reports that need to be tacked on to emphasise the seriousness of the incident. He was an elderly man who had blood dripping from his mouth. * **Because he's a part of at least two powerful consumer groups.** Doctors (and nurses) are a powerful lobby, who look out for their own. And are still the most respected profession in the US and the world. Then there's the Chinese/Asian consumers angle. * **Because the incident's imagery is almost the perfect set of triggers for mass outrage.** The video had a giant corporation ruining the life of someone vital to American society. Check. It had a literal jack-booted thug. Check. Said thug took something from the person/violated the integrity of their personal space/freedom over a seemingly trivial issue. Triple Check. The upstanding member of society wasn't at fault. Check. I can't see United making this work without a lot of blood letting.

huq4v9

How should I make money? I need help Please!

I am a 13-year-old and I am trying to make some money for my mom because she is a single mom and I want to help her with the bills because I hate to see her so stressed. Please leave suggestions in the comments please! it would really help

Money

Hey buddy that’s very big on your part. Here are some ideas. You should consider going around the neighborhood cutting grass or pulling weeds and maybe washing cars. I hope this helped a little! Good luck! 🍀

lm1m8q

Release the Kraken - Autonomous Vehicles, AI, Battery & Sensor Tech, RaaS and clean energy play

I am trying to raise awareness of this awesome stock, so if you like the dd I'd appreciate you upvote it on r/trakstocks where there is a much higher viewership [(1) Release the Kraken - Autonomous Vehicles, AI, Battery & Sensor Tech, RaaS and clean energy play : trakstocks (reddit.com)](https://www.reddit.com/r/trakstocks/comments/lm102y/release_the_kraken_autonomous_vehicles_ai_battery/?sort=new) https://preview.redd.it/0h5hz9x533i61.png?width=369&format=png&auto=webp&s=1d312c3e84434238ab87870d221446716116646b Kraken Robotics Ticker: **KRKNF** US OTC/**PNG** Candian exchange (Stocktwits- PNG.CA) This is my research on Kraken Robotics. This company should see strong near-term price increases and I expect at least **8-12x** growth in the next 24 months. As of this writing the share price is sitting at **$0.50**. Before you read any further, I want you to understand what I look for in an investment; I invest in companies that are undervalued, possess world changing technology and have a large potential catalyst, be it financial changes, a market inflection point, buy out or pending regulatory approval. For it to make sense to me, the company must provide me with a large near-term upside and continued long-term growth. Basically, I am looking for penny stocks that should not be. Kraken fits all these requirements for me and is just starting to pick up speed in the industry. I will continue to update this, but I feel that it will be moving quickly so I would like to get this in front of everyone’s eyes ahead of time. I am not a financial advisor, I am a mom and a professional fire officer, do your own DD. My last DD here was for MVIS which was under $7 and less than a month later is at $20 – Penny Queen **About** Kraken Robotics is a 6-year-old robotics company specializing in autonomous vehicles, high-end, software-centric sensors, subsea batteries, and thrusters for military and commercial customers. They are now providing AI assisted RaaS (Robots as a service) and they are transitioning their business model to focus on recurring revenue from subsea data acquisition and data analytics. Their key areas of innovation are **autonomous vehicles**, **battery and sensor technology**, **AI data analytics and robotics as a service** (RaaS) Kraken is an up-and-coming player that has gone from a workforce of 20 to over 150 in the past couple of years as they have been acquiring companies and their technology while expanding their operations. They are a growing presence in the 10-billion-dollar underwater vehicle market, ranked by [Deloitte](https://www.thetelegram.com/business/local-business/kraken-robotics-leads-east-coast-tech-companies-on-canadas-fastest-growing-list-521886/) as the fastest growing tech company on the East coast (Canada). **Financials -** Kraken’s financial will change drastically in mid-April when they release their 2020 Q4 which will show a 40 million dollar contract they received. This contract alone is equal to half their market cap. Their current revenue stream supports a **$1 price point**, with a $6 price point factoring in unrecognized contracts, continued sector growth with similar contract capturing. I see $1 in the next 6 weeks and $3 by end of year. **Market cap of 86.33M** 165.01M outstanding shares and an extremely low float of only 112.29M – insider ownership sits right around 30%. Con- there is no real institutional ownership. [Yahoo Finance](https://finance.yahoo.com/quote/KRKNF?p=KRKNF&guccounter=1) \*\*Typical volume for Kraken has been about 178k a day, the recent contract news has pushed this to **1.3m today**, telling me it is ready to move on up. The lack of attention this company has received is a major reason for its low price point. Kraken raised 10m in October 2020 to expand its robotics as a service business, on leasehold improvements, equipment, parts and inventory and possible future acquisitions. [Q3 Fiscal 2020](https://krakenrobotics.com/themencode-pdf-viewer/?file=https://krakenrobotics.com/wp-content/uploads/2020/12/Kraken-Q3-2020-Financial-Statements.pdf) [Management Discussion and Analysis Q3](https://krakenrobotics.com/themencode-pdf-viewer/?file=https://krakenrobotics.com/wp-content/uploads/2020/12/Kraken-MDA-Q3-2020.pdf) **Products -** **Autonomous Vehicles** · AUVs (autonomous underwater vehicles) · USV (unmanned surface vehicles) · Towfish (Towed underwater vehicle) · ROV (remotely operated vehicle) https://preview.redd.it/n1i3kdb733i61.jpg?width=747&format=pjpg&auto=webp&s=575b54811f7e01e56bf51bffa9143062527e2068 **Katfish subsea pressure neutral batteries** https://preview.redd.it/bj3fr8bd33i61.jpg?width=491&format=pjpg&auto=webp&s=0d320adbac84d71d4b2984f4ae4c727e9d881901 **Software-Centric Sensors –** These innovative sensors provide ultra-high-resolution imagery of the sea floor, think of it as GoogleMaps – water edition. · **SaS Sonar**\-synthetic aperture sonar provides 15x high image resolution than conventional side scanning sonar, with larger coverage area. https://preview.redd.it/xhexsxi833i61.png?width=850&format=png&auto=webp&s=ce83bbfef97b51056c7f33878e4e5df56d62a4da **· Seavision** – 1st ever full color 3-D underwater laser with real-time processing, live video streams and https://preview.redd.it/fhkqai2a33i61.png?width=600&format=png&auto=webp&s=64ec67da626148885aa1ca4221d69abf98f7104d **Rim Mounted Thrusters** https://preview.redd.it/14cb9f2b33i61.jpg?width=439&format=pjpg&auto=webp&s=1351abf269c40e067245e6854e4787cc776fc2a6 **Market and Application –** Representatives of Kraken Robotics, the underwater vehicle market could be worth $10 billion annually by 2025. The military market encompasses naval mine countermeasures, anti-submarine warfare, intelligence, surveillance and reconnaissance. They believe this could be a US$4 billion market by 2025. The commercial market includes far more, cable & pipeline surveys, subsea mapping, oil rig and offshore wind and wave energy asset inspection, maintenance repair and environmental monitoring. They believe this could be a US$6 billion market by 2025. **Applications -**Their IP and sensor technology are also applicable to some space exploration and potentially automotive sensor applications. **Major Catalysts** · **Q4** – Their Q4 financials will be a gamechanger, expected in mid-April, should show the first payments from the Danish contract. · **Gaining traction** in military defense – They recently secured a large mine hunting contract with the Danish military for $40 million (nearly their market cap), beating out major players in the industry (Thales, Northrup Grumman and Raytheon) in the process. They have also secured contracts with Poland and the US, which are widely considered a foot in the door for larger NATO contracts. [(1) Kraken Robotics - #StoryToTell - OSC Video Series - Episode 1 - YouTube](https://www.youtube.com/watch?v=s1XtAd_YVms)

Canadapennystocks

I'm a technical person in this field. Kraken is a really good company with excellent leadership and technical experts that are the best in the world. Their growth is going to be huge over the next few years until they get bought out at a premium by one of the big players in the field. In general, the tech sector in Newfoundland is thriving and is picking up momentum and there are going to be many great success stories similar to Verafin (look it up) in the next few years. The St. John's area businesses have great government support and a great it's a space to watch for up and comers.

xxmizd

You only live once - a response to recent posts

A rebuttal to the posts regarding advice from 30s to 20s etc. Remember, you're not taking your belongings with you. Your house, your money, your family, no one is coming with you when you pass. Now, I'm not suggesting that people throw caution to the wind and blow their savings and do drugs. I'm saying that striking a balance is what's important. Is it necessary for you to earn an income in order to afford a $1 million house? Is it worth the extra stress, time, commitment and performance pressure? If you looked back, would you have preferred a more simple life with low overheads etc and not having to work like a dog to afford an overpriced asset? Would you have preferred to pursue something that was more fulfilling? These are all questions to ask oneself. This post might not go down well with much of the community, I get it. Most here are high income earners/achievers where it's almost their hobby just to make money. This is a post for people who feel pressured that they need to perform, that they feel pressured they need a house, that they need a high income. I've been through burn out myself, it's not worth. I had an epiphany over half a year and took me burn out to realise this.

AusFinance

Real talk OP. I agree that there is a healthy balance between ambition, trying your best, living within your means and furthering your financial position in life and straight up greed. Where that balance lies will differ amongst people I suppose.

k7v0dg

A beginner's guide to investing in the stock market (and mutual funds).

The stock market has witnessed a huge inflow of new investors during this calendar year. The pandemic allowed young people to stay at home with nothing to do. Several have lost their jobs and people have started to realise the importance of investing, and that's always a good thing. Starting off early is a huge advantage for investors. Although we have [a set of posts for people who are absolutely zero in terms of money management](https://www.reddit.com/r/IndiaInvestments/comments/9ltgni/for_someone_who_is_absolutely_at_level_zero_in/), I want to focus specifically on stock market investing. There are several things to know about investing in the stock market. Searching on Youtube or Google or Reddit will provide us with an abundance of information. New investors are often confused because of the availability of many different investment products. And, new investors are often indecisive on what to do after starting their investment. I'll do my best to summarise the experiences that I have learned throughout my investment journey, and share all the details that can be helpful for new investors. To be a successful investor in the stock market, here are the things that we need to do : ##1. Invest with a proper goal and purpose. The first step in investing is not to select the best stocks or best mutual funds. It's to identify why you're investing. Find out what you want to achieve by investing. The goal/purpose can be as generic as 'to become wealthy' or 'to save up for retirement'. Or, it can be more specific like 'to buy a home in 10 years', 'to save for my children's education in 20 years' etc. Deciding on the goal is crucial, since it allows the investor to think of a proper plan. A goal that's 10 years away will need a different investment strategy than a goal that's 20 years away. If we're saving up for retirement, we'll likely have 20-30 years ahead of us. Knowing the end goal allows the investors to properly decide the amount of money they need to invest. Without a goal or purpose, we'll have a hard time continuing our investment journey. ##2. Invest with consistency and discipline. An average investor doesn't need any special skills to invest successfully in the stock market. We don't always have to be invested in the *best* mutual funds or the top stocks. We just have to stay invested. Before choosing a stock or mutual fund for investment, research about it and convince yourself that this is a good investment and that you'll stay invested in it for the long haul. We shouldn't invest in something just because it has performed well recently. Once you have chosen your investment, invest consistently. Don't stop investing just because the returns in the last couple of years have been bad. Even the best stocks/mutual funds undergo periods of bad performance. **Example :** [The Average Investor Lost Money in the Best Performing Mutual Fund in History](https://www.alphawealthfunds.com/2019/08/the-average-investor-lost-money-in-the-best-performing-mutual-fund-in-history/) Peter Lynch is one of the best investors of all time, and his Magellan fund has an [annualised returns of 29%](https://i.imgur.com/RfrRMvU.png). Even if the fund outperformed the S&P 500, the average investor lost money. Because, the investor will 'buy high and sell low'. That is, whenever the fund isn't performing well, they'll withdraw & whenever the fund performs well, they'll invest money. Instead of investing consistently, they'll look at the past performance of the fund and then invest. So, investing consistently is more important than choosing the best investment. Even for a consistent investor, they might be forced to withdraw from their investments if there's a sudden need for money. To avoid this, **have a rock-solid emergency fund**. Keep 5% of your net worth in low-risk liquid assets that is unrelated to the stock market. It's good to keep 1 year's expenses as an emergency fund, so that even during worse-case scenarios, you can handle financial emergencies without withdrawing your investments. ##3. Don't stop investing just because there's 'choppy waters' in the market. Don't start investing just because there's optimism in the market. We should stop investing only when we're close to attaining our goal. When we're years from achieving our goals, we should invest irrespective of the short-term market conditions. Often, a mutual fund will give nil or negative returns over the span of a few years. It can be extremely discouraging for investors, but that shouldn't a reason to stop investing. Equities don't always perform well. They undergo periods of low performance. That's the time to invest a lot of money, so that when they perform well, we'll reap the rewards for investing in the rough times. The volatility of the stock market can be hard for new investors to grasp. Slowly build up a tolerance to it. Embrace it, and appreciate it. **Example :** [Time in the market beats timing the market.](https://www.reddit.com/r/investing/comments/k7cnl9/a_discussion_about_time_in_the_market_vs_timing/). There'll always be some reason to cause turmoil in the market. Even most recently, a lot of people expected the market to crash because of the 2020 US election. But, nothing happened ! In fact, the market rallied even more during and after election. [If an investor investing in the S&P 500 index missed out on the 10 best days during the past 15 years, their returns would have been halved !](https://www.putnam.com/literature/pdf/II508-ac37f7ad02b2d8889f7e5361f0e8ac86.pdf). Missing out on the 20 best trading days means that their returns would be ~1/9th of the index's returns. Missing out on the best 30 trading days means that they have lost money. In the short-term, no one knows what the market is going to do. For a healthy growing economy, the stock market tends to go up in the long-term. For an average investor, [Buy & Hold](https://www.investopedia.com/articles/stocks/08/passive-active-investing.asp) is the best strategy. ## 4. Don't chase after 'returns'. Stick to your plan. There's always going to an investment that'll give the 'best returns' of a particular year. If we look at a mutual fund and invest in it just because the past 1 year return has been good, we'll be disappointed. No mutual fund or stock (unless it's Asian Paints) perform consistently on a yearly basis. All of them will have periods of low performance. **Example :** Let's take [PPLTE mutual fund](https://www.valueresearchonline.com/funds/19701/parag-parikh-long-term-equity-fund-direct-plan#fund-performance). It's one of the most favourite mutual fund among investors. When it started in 2014, it gave an annual return of 45%. Any new investor seeing this fund's return would be ecstatic. They'll think "If i Invest in this, I'll also get such great returns". They'll invest without any plan or research, and will be utterly disappointed because the returns for the next two years (2015 and 2016) were 9% and 3% respectively. A new investor, who lacks discipline, will stop investing or withdraw because it's a 'bad fund'. BUT, such investors will lose out on the next year's great return which is 30%. ##5. Have faith and optimism in yourself & your investments. Self-confidence is crucial for investing success. Let's say we buy a luxury house for 2 crores. If someone sees the house and says "Oh, this house is worth only 1 crore", would we panic and sell the house for 1 crore ? We wouldn't, right ? We should have the same mentality for our stock market investments. If we had done enough research, we would know the intrinsic value of our investments. Therefore, we shouldn't sell randomly whenever it's performing badly (temporarily) or if someone criticises it. I'm not saying that we should invest in the same thing throughout out life. I'm saying that we should have faith in our plan. Have faith in the fact that we have analysed and chosen an investment. If the investment tuns out to be bad investment, no problem. Analyse and choose a better investment, and invest with conviction. Mutual fund investors often have the nagging doubt of whether they have chosen the 'best' mutual fund. For a fund to be the best fund, the fund manager has to do a good job & the market conditions should be good as well. So, the investor has to put their faith in the fund managers and the market. If you find yourself struggling to trust any fund manager to give you consistently good returns, invest in a broad market index fund like Nifty or Sensex. In such a case, you'll just have to put faith in the economy of the country. Even if you don't have faith in the Government, have faith in the county's overall economy. Have the faith that the country will grow, thrive and prosper. Indices like Nifty and S&P 500 are a decent representation of how the county's economy is going. Quotes from the book **Learn to Earn : A Beginner's Guide to the Basics of Investing and Business** - > Before 1930, depressions and panics were a common occurrence, but since the Great One, we haven’t had a single repeat. So in the last fifty years or so, the odds of a slowdown turning into a depression have been quite remote—in fact, they’ve been zero in nine chances. Nobody can be sure you’ll never see a depression in your lifetime, but so far, in the past half-century, you would have gone broke betting on one. > Is it possible that we’ve found a permanent cure for economic depression, the way we have for polio? There are several reasons to think so. First, the government, through its Federal Reserve Bank system, stands ready to lower interest rates and pump money into the economy any time it begins to look sluggish and to jolt it back into action. Second, we’ve got millions of people on social security and pensions, with money to spend no matter what. Add in the 18 million employees of government at all levels, from federal to local, and you’ve got an army of spenders. As long as this huge group is throwing its money around, the economy can slow, but it can’t come to a complete halt, the way it did in the 1930s. Third, we’ve got deposit insurance at the banks and the savings and loans, so if the banks go bankrupt, people won’t lose all their money. In the 1930s, when hundreds of banks shut their doors, their depositors lost everything. That in itself was enough to drive the country into a catatonic state. > If you buy the argument that we’re not likely to suffer a relapse into depression, then you can be a little more relaxed about drops in the stock market. **As long as the economy is alive and kicking, companies can make money. If companies are making money, their stocks won’t go to zero. The majority will survive until the next period of prosperity, when stock prices will come back. History doesn’t have to repeat itself. When somebody tells you that it does, remind him or her that we haven’t had a depression in more than a half-century. People who stay out of stocks to avoid a 1929-style tragedy are missing out on all the benefits of owning stocks, and that’s a bigger tragedy.** Because of fear-mongering news articles, there'll always be a fear of an 'impending market crash' or a recession. An esteemed investor rarely changes his long-term investing strategy no matter what the market does. ##6. Don't chase after shiny new funds/stocks. [Successful investing is quite boring](https://www.thebalance.com/why-boring-is-almost-always-more-profitable-357440). An average investor is better-off by investing in [index funds](https://i.imgur.com/h433tbs.jpg) and going on with their lives. Even if we invest in stocks directly, always chasing after the 'best' stocks is a recipe for disaster. Yes, there's a miniscule chance that an average investor can invest in a 'multi-bagger'. But, it's nearly impossible to do it consistently. Some of the consistently-performing stocks are companies that do business in boring sectors. Buying stocks of quality companies (with good financials) will do well in the long-term. Buy stocks of companies that are considered as 'essential' goods, and those stocks will prosper even during recessions. **Example :** [Domino’s stock outperformed Apple and Amazon over 7 years](https://www.cnbc.com/2018/03/01/no-point-1-pizza-chain-dominos-outperformed-amazon-google-and-apple-stocks.html) . For the past decade, Asian Paints has a CAGR of ~25%, and it's stock price has increased tenfold during the decade. Pidilite Industries's stock price has went up by 15 times during the past decade. Neither Asian Paints nor Pidilite Industries is doing anything 'revolutionary' and 'world-changing', like the tech companies. Yet, their stock went up because they produce goods that are essential & they're pioneers in their respective industries. ##7. Keep your emotions in control. When investing, it's crucial to keep our emotions under control. It's better to avoid having any emotions towards our investments. For instance, let's say that an investor has 20 lakhs invested in a Nifty index fund. Every 1% gain or fall in the Nifty would mean that the investor's money increased or decreased by 20 thousand. Those are not real losses (or gains). They're real only when we sell them. Let me clarify some of the emotionally-charged doubts that new investors face on a consistent basis : **Question :** "The market is at an all-time-high. Should I sell ?!!" **Answer :** For whatever reasons, new investors are scared of all-time-highs. They somehow think that if a market reaches a new ATH, it means that there'll be a correction. Selling at an all-time-high to 'book profits', for a goal that's several years away, is the most amateurish things an investor can do. Most investors don't even have a plan on what to do with the money after selling. Let the money be invested. No one is gonna steal it. [If you're not investing in the market to reach all-time-highs, what're you investing for ?](https://www.reddit.com/r/investing/comments/k6tj3j/sp_500_nasdaq_dow_30_russell_2000_close_at_all/genawtv/). ATHs are [nothing to be afraid of](https://www.reddit.com/r/investing/comments/k6tj3j/sp_500_nasdaq_dow_30_russell_2000_close_at_all/gen01sn/). **Queston :** "The market is falling everyday.. Should I stop my SIPs?" **Answer:** This is something that new investors think when they encounter their first bear market. If they started invested during a bull market, they'll suddenly feel scared when the market goes down gradually. A falling market is the best time to invest, for a long-term goal. A falling market means that you're buying stocks at a cheaper price. The market isn't going to keep going down forever. Invest more and more during bear markets, so that you'll make more gains during the bull market. **Question :** "What is the best time to book profits ?" **Answer :** Only if you're approaching your goals. Otherwise, **don't redeem your investments for no real reason !** Time in the market is important. Although, some would recommend a tactical rebalancing between equity and debt investments. **Question :** "Should I subscribe to this new NFO/IPO ?!" **Answer :** Avoid it. Let the stock or mutual fund perform for a while, and then decide. There's no need to chase after 'shiny new things'. **Question :** "The market is at an all time high. Is it a good time to start investing ?" **Answer :** Yes, it is a good time. [Market will be a lot higher 10 years from now](https://i.imgur.com/MheXjxP.jpg). You'd wish that you had started investing right now. For a real life example, let's assume that an investor started doing an SIP in a Sensex index fund on Jan 2008. It was the peak of the market, right before the market crash. IF the investor continued the monthly SIP till now, the investor's returns would have been ~11%. Even if there's a 10% market correction during next month, have the faith that the market will recover gradually. India is a growing economy with a young population. Being the 5th largest economy in the world, we have a LOT of growth ahead of us. An equities investor can reap the benefits of our economic development by investing early and investing consistently.

IndiaInvestments

Great read. Thank you. >Deciding on the goal is crucial, since it allows the investor to think of a proper plan. Also, having a set goal in mind helps you move out of equity and into safer instruments like bonds well ahead of the goal. >Mutual fund investors often have the nagging doubt of whether they have chosen the 'best' mutual fund. For a fund to be the best fund, the fund manager has to do a good job & the market conditions should be good as well. So, the investor has to put their faith in the fund managers and the market. If you find yourself struggling to trust any fund manager to give you consistently good returns, invest in a broad market index fund like Nifty or Sensex. This is personally why I prefer index funds. The index revolution and the SPIVA reports suggest that over the long term, beating the index return wise is almost impossible. I do not fully subscribe to this idea (at least not yet). I believe that in the current Indian environment there would be funds that could maybe beat the index even over the long term. (This belief in active investing is important even for passive investors, as passive investing only exists cause of active investors). All that being said, I strongly subscribe to the idea that for mutual funds, when comparing "investor returns" instead of "fund returns", passive investors will outperform active investors. This is because of the point OP mentioned that staying invested in a fund during its bad times is difficult. But the solution is not going the exact opposite route and staying invested in a fund whatever happens. Deciding when to move out of a poorly performing fund is just as hard. This leads to most investors hopping in and out of funds, which leads to reduced investor returns even if the fund themselves had good long term returns. ************* I would have added one more point to OPs list. Rebalancing : One of the most crucial elements in investing in stock market. (Unless you're 100 percent in equity). [rebalance-your-portfolio-stay-on-track](https://www.investopedia.com/investing/rebalance-your-portfolio-stay-on-track/) One of the biggest advantages to periodic rebalancing is that it takes emotions out of investing while simultaneously helping in profit booking. Have pre set rules that you'll rebalance only once a year or twice a year or if your asset allocation deviates by more than a certain percentage. Or have pre set rules on what to do in case of a market crash (example: rebalance in case of a 20 percent fall in equity. This also ensures you still have money left over for further equity shopping if the market further goes down.)

lwsbym

Where to park $21M?

Long time lurker, first time poster. I'm from BC, Canada, and was lucky to sell my business for a little over $21m USD. I'll remain in the company for one year and plan to retire after that. Since I'm the sole breadwinner, I want us (myself, spouse and 6 yo kid) to be able to live off investments starting in 2022.I'm working with an estate attorney and an accountant to figure out a plan to preserve that wealth in a tax efficient way. I'm expecting to owe around 27% of that amount in capital gains at some point. As for the remainder, I'm not ready to commit to an investment allocation or even convert it from USD to CAD yet. Things are still super busy at work with the transition and I don't have time to do the research I need to do. So I've been sitting on $21m in a USD bank account for 3 weeks generating close to nothing and I've been thinking about where to park that money in an efficient way until it's time to pay taxes or until I have time to think about how to allocate it, which could be months from now. Given how overvalued the stock market seems to me and how bonds are not yielding much, I'm struggling to make a move. Any advice here would be much appreciated. ​ Edit: Thanks for all the great replies! To clarify, I live in Canada and the money is in Canada as well. Taxes will be owed in CAD, but I haven't converted the proceedings of the sale to CAD yet.

fatFIRE

I'm going to go counter to most of the advice here. Don't do anything (Except for putting the money in a CDARS account so you are FDIC covered at 100%). The reality is, one years growth (FOMO) is immaterial to your overall wealth. Immaterial. The best advice I got when I sold my company, was to not make any big decisions for 6 months. I ignored that advice...and regretted it. Let it sit there. Marinate. Meet with lots of people and review lots of ways to invest that money long term. But don't do anything for six months. Good luck. :)

wo6n7t

How Many Stocks Do You Own?

Warren Buffett, once, advised a bunch of youngsters, to get a punch card with only 20 spots in it. That’s the number of stocks they’re allowed to buy in their lifetime, he told them. Imagine how careful they would be if they could only buy 20 companies in their entire life of 80 or 100 years. Compare that to what many retail investors do nowadays. They treat their investments like a Playstation game. They think that they need to always act. If they don’t act, they lose the game, they assume. The fact of the matter is investing **isn’t a game**. It isn’t easy. If it was, most people would win. In reality, though, the majority of investors actually lose. Some estimate that 90% of investors lose. The problem is, most investors believe they are among the 10% that win!

ValueInvesting

I have a poster of Warren Buffett above my bed. Every night, before I go to sleep, I read his most famous investing quotes from my Warren Buffett scrapbook. After sitting in silence with my head bowed beneath papa B, I give him a little kiss on the cheek and lay down to sleep. That's how I keep my psychology straight. That's how I stay greedy when others are fearful, how I stay solvent longer than markets remain irrational. I bought 8 shares of RadioShack when I was 15. I hope by the time I'm 85 it will have grown enough for me to retire.

9mfd5g

Megathread: 2019 Nobel Prize in Economics awarded to William Nordhaus and Paul Romer

### "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 was divided equally between William D. Nordhaus "for integrating climate change into long-run macroeconomic analysis" and Paul M. Romer "for integrating technological innovations into long-run macroeconomic analysis."" Nobel Prize Committee * [Summary](https://www.nobelprize.org/prizes/economics/2018/summary/) * [Popular Science Background: "Integrating nature and knowledge into economics"](https://www.nobelprize.org/uploads/2018/10/popular-economicsciencesprize2018.pdf) * [Scientific Background: "Economic Growth, Technological Change, And Climate Change"](https://www.nobelprize.org/uploads/2018/10/advanced-economicsciencesprize2018.pdf) * [Press Release](https://www.nobelprize.org/uploads/2018/10/press-economicsciences2018.pdf) #### News Coverage * [NYT: "2018 Nobel in Economics Is Awarded to William Nordhaus and Paul Romer"](https://www.nytimes.com/2018/10/08/business/economic-science-nobel-prize.html) * [Guardian: "Nobel prize in economics won by Nordhaus and Romer for work on climate change and growth"](https://www.theguardian.com/business/live/2018/oct/08/nobel-prize-2018-sveriges-riksbank-in-economic-sciences-awarded-live-updates) * [Washington Post: "William Nordhaus and Paul Romer win Nobel Prize in economics"](https://www.washingtonpost.com/business/2018/10/08/two-americans-win-nobel-prize-economics/?noredirect=on&utm_term=.7d9b0c9f12be) * [FT: "Economics Nobel recognises work on climate change and innovation"](https://www.ft.com/content/b08807de-cae0-11e8-9fe5-24ad351828ab) * [BBC: "Economists win Nobel for work on climate and growth"](https://www.bbc.com/news/business-45785222) * [WSJ: "Two Top U.S. Economists Win Nobel for Work on Growth and Climate"](https://www.wsj.com/articles/nobel-in-economics-goes-to-american-pair-1538992672) * [PBS: "William Nordhaus and Paul Romer win economics Nobel for climate change, technological innovation models"](https://www.pbs.org/newshour/economy/making-sense/william-nordhaus-and-paul-romer-win-economics-nobel-for-climate-change-technological-innovation-models) This page will be expanded with additional news coverage and commentary as the day progresses. Please direct all Nobel discussion here.

Economics

Coincidentally, today the IPCC also just announced a synthesis of 6,000 peer-reviewed studies finding that carbon taxes may need to reach $27,000 per ton within a few decades (versus the $7 per ton social cost of carbon claimed by the Trump administration). Let's just agree that carbon taxes at this level are completely politically unfeasible. Therefore only drastic regulation can address the problem. ​

uj1uzw

Why is South Korea’s unemployment rate so low when they have almost 4 times more robots than the US for every 10,000 employee?

Stat- https://twitter.com/stats_feed/status/1519298692238352387?s=21&t=zcO8B3AXLEGnCN5BvKTzqQ I always thought robots will kill jobs. But in South Korea that doesn’t seem to be the case.

AskEconomics

> I always thought robots will kill jobs I doubt you heard that from an Economist though. There's no reason to believe that there should be a long-term link between technology and employment. In South Korea there's lots of fairly high tech manufacturing. It's not surprising that there are lots of robots. Unemployment is more about recessions. It's also about policies, for example see [this recent thread](https://www.reddit.com/r/AskEconomics/comments/uhhbgy/why_is_frances_unemployment_rate_much_higher_than/).

ldw1z7

This sub has been the best kept secret of the old wsb

Seriously, obviously the number of members is also growing here, but somehow we escaped the MASSIVE influx of noobs and mainstream people caused by the short squeeze event and the global media attention that was put around wsb. I feel like this is one of the last bastions of what wsb once was, a time capsule of the culture that we had before everything changed and was completely ruined, at least in my opnion. And for this I'll say: cherish this sub. Do not mention it too much outside, because it might go down the same tragic path of being just a bunch of memes and total monopolization.

thetagang

I have been following theta gang for a minute and with the influx on wsb I feel as if theta might be the way to go to take advantage, for lack of better term, of the new guys and their lack of knowledge of how the game works

7ppc23

In most cases, it will cost your employer far more to replace you than it would to give you a raise. So ask firmly.

The cost of recruiting, onboarding/training, etc often exceeds the cost of paying an already established employee more. Just remember that next time you talk yourself out of asking for a raise. Edit: Ok, so I've only been responding to push notifications and didn't realize this is the top post on Personal Finance. Wowsers. Also all of you have provided so many good comments and insights I failed to point out. What a sub you have here. Edit: My phone is so old that trying to turn off the push notifications is causing it to freeze. Front page life is hard. I'm still in disbelief this made the front page. More importantly the collective participation has been amazing. From useful to funny, you guys killed it. Thanks to employers who weren't afraid to offer their own food for thought. It made for a more valuable thread.

personalfinance

On the other hand, some employers use turnover as an opportunity to reset the salary downwards. If an employee with 5-7 years on the job leaves, they’ll replace him/her with a new hire with 2 years experience at 2/3rds the salary. Other employees will suck up some of the job duties, or have a chance to progress. Know your market and your employer’s culture. Edit: Thanks for the gold!

xfdvow

Bought a house with no HOA disclosed: now a surprise HOA!

Hoping to get some advice, or maybe hear from someone who has had similar issues. I bought a house (primary home) in March 2022, with a decent locked in 30 year rate. One of my most important criteria for a house was no HOA. The listing had no HOA, and on the disclosures given to my realtor, an HOA was not disclosed. Now it seems there IS an HOA. They previously had no fees, but now want $400 per year. I got a letter in the mail to this effect. I am, basically, furious. I don’t care about the cost, but the loss of autonomy. I would have NEVER bought this house if there was an HOA. I am contacting a lawyer tomorrow, but wanted to see if anyone else has been in a similar situation and what the result was.

realestateinvesting

There is 0% chance you closed on a home with an HOA … there’s multiple checks. Realtor, loan officer, underwriter. This would clearly increase your DTI… The only possible way this could happen, is if county records don’t show an HOA… and the community created their own HOA and you aren’t required to join it.

l71fl1

Like this post if you are holding!!💎 The real squeeze is yet to happen🚀

Buy more during dips if you can, but at least hold. We just have to hold until they fold. Today's actions by several brokers just show how desperate the hedge funds are getting. Hold with your immovable diamond hands for all that you hold dear and we will be breaking Wall Street **TOGETHER** while making gargantuan tendies in the end! **WE LIKE THE STOCK.** Comment with brokers that aren't corruptible and that we can move to fast! **YOU CAN STILL BUY ON** **Fidelity** (10k instant deposit, accounts can be opened quickly) **Others:** Vanguard, Revolut, TastyWorks, Charles Schwab, TD Ameritrade, Webull, Degiro, Wells Fargo, M1, Public, etc. *Edit*: It seems like TD Ameritrade, Webull, M1 Finance, and Public have removed their restrictions. Brokers are folding to the political support we are receiving. [**http://isthesqueezesquoze.com/**](http://isthesqueezesquoze.com/)

wallstreetbets

This morning, I watched my net worth plummet by $600k. My parents were begging me to sell saying that people are selling off and I was going to be left behind. I knew better thanks to the information you guys equipped me with so i held. I love you all and i look forward to seeing everyone on the other side.

k7v0dg

A beginner's guide to investing in the stock market (and mutual funds).

The stock market has witnessed a huge inflow of new investors during this calendar year. The pandemic allowed young people to stay at home with nothing to do. Several have lost their jobs and people have started to realise the importance of investing, and that's always a good thing. Starting off early is a huge advantage for investors. Although we have [a set of posts for people who are absolutely zero in terms of money management](https://www.reddit.com/r/IndiaInvestments/comments/9ltgni/for_someone_who_is_absolutely_at_level_zero_in/), I want to focus specifically on stock market investing. There are several things to know about investing in the stock market. Searching on Youtube or Google or Reddit will provide us with an abundance of information. New investors are often confused because of the availability of many different investment products. And, new investors are often indecisive on what to do after starting their investment. I'll do my best to summarise the experiences that I have learned throughout my investment journey, and share all the details that can be helpful for new investors. To be a successful investor in the stock market, here are the things that we need to do : ##1. Invest with a proper goal and purpose. The first step in investing is not to select the best stocks or best mutual funds. It's to identify why you're investing. Find out what you want to achieve by investing. The goal/purpose can be as generic as 'to become wealthy' or 'to save up for retirement'. Or, it can be more specific like 'to buy a home in 10 years', 'to save for my children's education in 20 years' etc. Deciding on the goal is crucial, since it allows the investor to think of a proper plan. A goal that's 10 years away will need a different investment strategy than a goal that's 20 years away. If we're saving up for retirement, we'll likely have 20-30 years ahead of us. Knowing the end goal allows the investors to properly decide the amount of money they need to invest. Without a goal or purpose, we'll have a hard time continuing our investment journey. ##2. Invest with consistency and discipline. An average investor doesn't need any special skills to invest successfully in the stock market. We don't always have to be invested in the *best* mutual funds or the top stocks. We just have to stay invested. Before choosing a stock or mutual fund for investment, research about it and convince yourself that this is a good investment and that you'll stay invested in it for the long haul. We shouldn't invest in something just because it has performed well recently. Once you have chosen your investment, invest consistently. Don't stop investing just because the returns in the last couple of years have been bad. Even the best stocks/mutual funds undergo periods of bad performance. **Example :** [The Average Investor Lost Money in the Best Performing Mutual Fund in History](https://www.alphawealthfunds.com/2019/08/the-average-investor-lost-money-in-the-best-performing-mutual-fund-in-history/) Peter Lynch is one of the best investors of all time, and his Magellan fund has an [annualised returns of 29%](https://i.imgur.com/RfrRMvU.png). Even if the fund outperformed the S&P 500, the average investor lost money. Because, the investor will 'buy high and sell low'. That is, whenever the fund isn't performing well, they'll withdraw & whenever the fund performs well, they'll invest money. Instead of investing consistently, they'll look at the past performance of the fund and then invest. So, investing consistently is more important than choosing the best investment. Even for a consistent investor, they might be forced to withdraw from their investments if there's a sudden need for money. To avoid this, **have a rock-solid emergency fund**. Keep 5% of your net worth in low-risk liquid assets that is unrelated to the stock market. It's good to keep 1 year's expenses as an emergency fund, so that even during worse-case scenarios, you can handle financial emergencies without withdrawing your investments. ##3. Don't stop investing just because there's 'choppy waters' in the market. Don't start investing just because there's optimism in the market. We should stop investing only when we're close to attaining our goal. When we're years from achieving our goals, we should invest irrespective of the short-term market conditions. Often, a mutual fund will give nil or negative returns over the span of a few years. It can be extremely discouraging for investors, but that shouldn't a reason to stop investing. Equities don't always perform well. They undergo periods of low performance. That's the time to invest a lot of money, so that when they perform well, we'll reap the rewards for investing in the rough times. The volatility of the stock market can be hard for new investors to grasp. Slowly build up a tolerance to it. Embrace it, and appreciate it. **Example :** [Time in the market beats timing the market.](https://www.reddit.com/r/investing/comments/k7cnl9/a_discussion_about_time_in_the_market_vs_timing/). There'll always be some reason to cause turmoil in the market. Even most recently, a lot of people expected the market to crash because of the 2020 US election. But, nothing happened ! In fact, the market rallied even more during and after election. [If an investor investing in the S&P 500 index missed out on the 10 best days during the past 15 years, their returns would have been halved !](https://www.putnam.com/literature/pdf/II508-ac37f7ad02b2d8889f7e5361f0e8ac86.pdf). Missing out on the 20 best trading days means that their returns would be ~1/9th of the index's returns. Missing out on the best 30 trading days means that they have lost money. In the short-term, no one knows what the market is going to do. For a healthy growing economy, the stock market tends to go up in the long-term. For an average investor, [Buy & Hold](https://www.investopedia.com/articles/stocks/08/passive-active-investing.asp) is the best strategy. ## 4. Don't chase after 'returns'. Stick to your plan. There's always going to an investment that'll give the 'best returns' of a particular year. If we look at a mutual fund and invest in it just because the past 1 year return has been good, we'll be disappointed. No mutual fund or stock (unless it's Asian Paints) perform consistently on a yearly basis. All of them will have periods of low performance. **Example :** Let's take [PPLTE mutual fund](https://www.valueresearchonline.com/funds/19701/parag-parikh-long-term-equity-fund-direct-plan#fund-performance). It's one of the most favourite mutual fund among investors. When it started in 2014, it gave an annual return of 45%. Any new investor seeing this fund's return would be ecstatic. They'll think "If i Invest in this, I'll also get such great returns". They'll invest without any plan or research, and will be utterly disappointed because the returns for the next two years (2015 and 2016) were 9% and 3% respectively. A new investor, who lacks discipline, will stop investing or withdraw because it's a 'bad fund'. BUT, such investors will lose out on the next year's great return which is 30%. ##5. Have faith and optimism in yourself & your investments. Self-confidence is crucial for investing success. Let's say we buy a luxury house for 2 crores. If someone sees the house and says "Oh, this house is worth only 1 crore", would we panic and sell the house for 1 crore ? We wouldn't, right ? We should have the same mentality for our stock market investments. If we had done enough research, we would know the intrinsic value of our investments. Therefore, we shouldn't sell randomly whenever it's performing badly (temporarily) or if someone criticises it. I'm not saying that we should invest in the same thing throughout out life. I'm saying that we should have faith in our plan. Have faith in the fact that we have analysed and chosen an investment. If the investment tuns out to be bad investment, no problem. Analyse and choose a better investment, and invest with conviction. Mutual fund investors often have the nagging doubt of whether they have chosen the 'best' mutual fund. For a fund to be the best fund, the fund manager has to do a good job & the market conditions should be good as well. So, the investor has to put their faith in the fund managers and the market. If you find yourself struggling to trust any fund manager to give you consistently good returns, invest in a broad market index fund like Nifty or Sensex. In such a case, you'll just have to put faith in the economy of the country. Even if you don't have faith in the Government, have faith in the county's overall economy. Have the faith that the country will grow, thrive and prosper. Indices like Nifty and S&P 500 are a decent representation of how the county's economy is going. Quotes from the book **Learn to Earn : A Beginner's Guide to the Basics of Investing and Business** - > Before 1930, depressions and panics were a common occurrence, but since the Great One, we haven’t had a single repeat. So in the last fifty years or so, the odds of a slowdown turning into a depression have been quite remote—in fact, they’ve been zero in nine chances. Nobody can be sure you’ll never see a depression in your lifetime, but so far, in the past half-century, you would have gone broke betting on one. > Is it possible that we’ve found a permanent cure for economic depression, the way we have for polio? There are several reasons to think so. First, the government, through its Federal Reserve Bank system, stands ready to lower interest rates and pump money into the economy any time it begins to look sluggish and to jolt it back into action. Second, we’ve got millions of people on social security and pensions, with money to spend no matter what. Add in the 18 million employees of government at all levels, from federal to local, and you’ve got an army of spenders. As long as this huge group is throwing its money around, the economy can slow, but it can’t come to a complete halt, the way it did in the 1930s. Third, we’ve got deposit insurance at the banks and the savings and loans, so if the banks go bankrupt, people won’t lose all their money. In the 1930s, when hundreds of banks shut their doors, their depositors lost everything. That in itself was enough to drive the country into a catatonic state. > If you buy the argument that we’re not likely to suffer a relapse into depression, then you can be a little more relaxed about drops in the stock market. **As long as the economy is alive and kicking, companies can make money. If companies are making money, their stocks won’t go to zero. The majority will survive until the next period of prosperity, when stock prices will come back. History doesn’t have to repeat itself. When somebody tells you that it does, remind him or her that we haven’t had a depression in more than a half-century. People who stay out of stocks to avoid a 1929-style tragedy are missing out on all the benefits of owning stocks, and that’s a bigger tragedy.** Because of fear-mongering news articles, there'll always be a fear of an 'impending market crash' or a recession. An esteemed investor rarely changes his long-term investing strategy no matter what the market does. ##6. Don't chase after shiny new funds/stocks. [Successful investing is quite boring](https://www.thebalance.com/why-boring-is-almost-always-more-profitable-357440). An average investor is better-off by investing in [index funds](https://i.imgur.com/h433tbs.jpg) and going on with their lives. Even if we invest in stocks directly, always chasing after the 'best' stocks is a recipe for disaster. Yes, there's a miniscule chance that an average investor can invest in a 'multi-bagger'. But, it's nearly impossible to do it consistently. Some of the consistently-performing stocks are companies that do business in boring sectors. Buying stocks of quality companies (with good financials) will do well in the long-term. Buy stocks of companies that are considered as 'essential' goods, and those stocks will prosper even during recessions. **Example :** [Domino’s stock outperformed Apple and Amazon over 7 years](https://www.cnbc.com/2018/03/01/no-point-1-pizza-chain-dominos-outperformed-amazon-google-and-apple-stocks.html) . For the past decade, Asian Paints has a CAGR of ~25%, and it's stock price has increased tenfold during the decade. Pidilite Industries's stock price has went up by 15 times during the past decade. Neither Asian Paints nor Pidilite Industries is doing anything 'revolutionary' and 'world-changing', like the tech companies. Yet, their stock went up because they produce goods that are essential & they're pioneers in their respective industries. ##7. Keep your emotions in control. When investing, it's crucial to keep our emotions under control. It's better to avoid having any emotions towards our investments. For instance, let's say that an investor has 20 lakhs invested in a Nifty index fund. Every 1% gain or fall in the Nifty would mean that the investor's money increased or decreased by 20 thousand. Those are not real losses (or gains). They're real only when we sell them. Let me clarify some of the emotionally-charged doubts that new investors face on a consistent basis : **Question :** "The market is at an all-time-high. Should I sell ?!!" **Answer :** For whatever reasons, new investors are scared of all-time-highs. They somehow think that if a market reaches a new ATH, it means that there'll be a correction. Selling at an all-time-high to 'book profits', for a goal that's several years away, is the most amateurish things an investor can do. Most investors don't even have a plan on what to do with the money after selling. Let the money be invested. No one is gonna steal it. [If you're not investing in the market to reach all-time-highs, what're you investing for ?](https://www.reddit.com/r/investing/comments/k6tj3j/sp_500_nasdaq_dow_30_russell_2000_close_at_all/genawtv/). ATHs are [nothing to be afraid of](https://www.reddit.com/r/investing/comments/k6tj3j/sp_500_nasdaq_dow_30_russell_2000_close_at_all/gen01sn/). **Queston :** "The market is falling everyday.. Should I stop my SIPs?" **Answer:** This is something that new investors think when they encounter their first bear market. If they started invested during a bull market, they'll suddenly feel scared when the market goes down gradually. A falling market is the best time to invest, for a long-term goal. A falling market means that you're buying stocks at a cheaper price. The market isn't going to keep going down forever. Invest more and more during bear markets, so that you'll make more gains during the bull market. **Question :** "What is the best time to book profits ?" **Answer :** Only if you're approaching your goals. Otherwise, **don't redeem your investments for no real reason !** Time in the market is important. Although, some would recommend a tactical rebalancing between equity and debt investments. **Question :** "Should I subscribe to this new NFO/IPO ?!" **Answer :** Avoid it. Let the stock or mutual fund perform for a while, and then decide. There's no need to chase after 'shiny new things'. **Question :** "The market is at an all time high. Is it a good time to start investing ?" **Answer :** Yes, it is a good time. [Market will be a lot higher 10 years from now](https://i.imgur.com/MheXjxP.jpg). You'd wish that you had started investing right now. For a real life example, let's assume that an investor started doing an SIP in a Sensex index fund on Jan 2008. It was the peak of the market, right before the market crash. IF the investor continued the monthly SIP till now, the investor's returns would have been ~11%. Even if there's a 10% market correction during next month, have the faith that the market will recover gradually. India is a growing economy with a young population. Being the 5th largest economy in the world, we have a LOT of growth ahead of us. An equities investor can reap the benefits of our economic development by investing early and investing consistently.

IndiaInvestments

I really thank this sub reddit and the author of this post. You people are really helping new investors calm down and making them self sufficient in investing. There is a lot of noise all around where invest and how to invest, but keeping it simple and sticking to the basics is what it all matters is what I have learned.

x00wyo

What’s the cost difference in a wash at 40c compared to 30c?

My wife if convicted that all our clothes need to be washed at 40c. She thinks she can tell the difference when they are only washed at 30c Does anyone know what the costs are currently for running a wash at 40 compared to 30? We have a 8day old as well as two other kids so are probably doing a wash a day at the minute (even with me wearing the same clothes on repeated days)

UKPersonalFinance

For the past few days I've been doing measurements using a plug-in electricity meter with our Beko washing machine... Total power used for the entire wash cycle: At 60C: 1.087kWh At 40C: 0.543kWh At 30C: 0.251kWh So in our case a 30C wash used about half the power of a 40C wash.

puujva

Evergrande-Gate. Is there a Bear in there? What happens when big kids take over the Sand-Pit?

Hi gang. ​ We have seen a volatile market this week on the back of the [EverGrande](https://en.wikipedia.org/wiki/Evergrande_Group) saga. ​ It's actually not a new issue, it was reported in the [Financial Times](https://www.ft.com/content/f655ba5f-7a69-4927-b2b0-355dfb666398) that there was speculation regarding them seeking financial assistance back in September **2020**, but I guess you could say it had a spike this week and as a result our little backwater **ASX** has been impacted. ​ There has been a huge volume of questions in the daily about it, some [great discussion](https://www.reddit.com/r/ASX_Bets/comments/prhkkn/comment/hdiq4nm/?utm_source=share&utm_medium=web2x&context=3) in a few different posts too. ​ This post comes off the back of a [comment](https://www.reddit.com/r/ASX_Bets/comments/pt2r4n/comment/hdtn2va/?utm_source=share&utm_medium=web2x&context=3) in the Daily by u/biggunzmcgee, which I'll copy below as a reference to the core statement we are going to discuss. ​ "*Can someone who's a genuinely experienced trader/investor give their sentiment on future market movements/fallout from the China debacle? I know a few of yous on here are actually very market savvy, more so than most of us. Would like to hear what your plans are''* ​ The purpose here is to air and debate your views and opinions on the following statements: ​ \- How does the current Evergrande situation **impact the Market** ​ \- What is your view on the broader situation in China that Evergrande has highlighted and how does that **impact Market sentiment** ​ \- What is your view on the future impacts of this or other catalysts to invoke the fabled [Bear Market](https://www.investopedia.com/terms/b/bearmarket.asp)? ​ ​ Alternatively, if you have a question and it runs something along the lines of: ''*What the fuck does a Development Group in China have to do with my speccie African miner/My highly speculative bio tech in wherever/My dildo producing exploration company*'' then the discussion below will hopefully go some way towards explaining that. ​ **Read the Flair.** ​ This is a Legitimate Discussion on an issue that impacts anyone invested in the Markets. ​ We welcome conflicting views as the more context placed into the situation, the better holistic grasp you are able to develop. ​ Here at r/ASX_Bets, we love YOLO's, shit-posts and dank memes. ​ Occasionally though, we enjoy a good debate and a chance to provide a glimpse into the types of intellect that have more than a singular wrinkle in that ocean of smoothness....

ASX_Bets

G'day cunts, I've been invited to guest lecture on this topic to help wrinkle over some smooth braincells in here. I secretly am a dumb cunt, but have a talent at pretending to be smart so here goes my rundown on what you need to know to impress your mates about what the Evergrande situation means for everyone. I'm basing my rundown on a variety of sources, but huge shout out to [@thelsatbearsta1](https://twitter.com/TheLastBearSta1) on twitter, this guy is the real genius. To start with, lets watch [this 11 minute 60 minutes clip](https://www.youtube.com/watch?v=Ie6zd3Rwu4c) on the Ghost Cities of China from 2013. Gigantic residential areas with shopping complexes have been constructed to house millions of people, but with one problem. The people have not come. It is such an absurdity that you need to see it to believe it. The CFA in this video calls it the "greatest property bubble there has ever been", but notes that selfishly Australia has fueled this because we keep shipping iron ore to build these monstrosities. "If the bubble does burst, you simply have to follow the supply chain, which does end up in Australia." Now lets look at a second [60 minutes video from 2013](https://www.youtube.com/watch?v=uxjwhk1ktNw) on this topic. Video starts by warning of the greatest housing bubble in human history in China, following the unrelenting development of the ghost cities. Miles, and miles, and miles, of apartments are empty. However, they have all been sold, largely to the emerging middle class of China finally discovering they have extra coin in their pockets. Chinese citizens are not allowed to invest abroad, and their stock market is a rollercoaster meme, so they have turned to property. They have unabashed embraced the "houses always go up" meme. Every last penny has been spent buying 5-10 properties per person. Real estate is estimated to be 20-30% of the Chinese economy. Our old CFA mate estimates that 12-24 cities (1m+ people capacity) are built each year. One of the few places where people show up is a "fake oxford", where people go to get photos for their wedding. At the end of this video, we get short interview from the Founder/Chairman of China's largest real estate company, China Vanke, valued today at $36b USD. On their balance sheet, they have $162b USD of Inventory. Wang Shi modestly says his company is the greatest real estate developer in the world by quantity, not quality. We get a shocking admission from him in 2013, house prices are too expensive. I'm amazed he's still in the public eye. Maybe he'll get the Jack Ma treatment soon. As of 2013, the average home price cost more than 45x the average citizen's annual salary. And you thought you cunts had it bad in Australia. Wang Shi calls this bubble dangerous, and straight up admits Chinese real estate is a giant bubble. "If the bubble bursts, it is a disaster". Wang Shi further elaborates that the excessive debt real estate companies are taking on board are causing housing developments to be abandoned. The ticking time bomb is the social unrest that will develop when the middle class loses their wealth. "If that bubble broken, who knows what will happen, maybe next Arabic Spring". Wang Shi is worried that such a fallout would be too big even for the CCP to control. Either way, this is potentially a second Tiananmen Square. A true collapse of the Chinese housing market would mean blood on the streets. Now lets have an introduction to Anne Stevenson-Yang, co-founder of the J Capital Hedge Fund specialising in targeting Chinese Equities. She featured in the previous video briefly, but this next section is dedicated to an interview she gave in [August 2017 - Evergrande is the biggest pyramid scheme the world has yet seen.](https://www.fuw.ch/article/china-is-going-to-hit-a-wall/) This article outlines her conviction that the monster bubble in the Chinese housing market is ripe to pop, and that the Chinese currency will crash. It also highlights what a painful bitch it is to be a 🌈🐻, you can be 100% correct in your assessment, and the market will shit over you for the next four years in drunken stupors, before spectacularly collapsing in a hungover heap. Anyway, back to the interview. Essentially, wealth creation for the middle class in China is not driven by salaries, but property price increases. "That’s the way to drive growth and the way they get people excited and to get them to buy into the idea of the great Chinese miracle." Property prices are doubling, tripling, even quadrupling within a year, in the most dogshit of locations. Finally, we're focused onto Evergrande. Of the major real estate developers, Evergrande is the one that has leveraged to the tits the most. Of the 40 out of 270 projects Ann has visited, she has only seen one fully occupied. They are spamming ghost cities, because they believe it drives growth. Now I'll highlight one paragraph from the article: #**So will China’s housing frenzy ever come to an end at all?** China is going to hit a wall. They’re not positioned to take the political pain that’s entailed by just stopping with all that madness. So there will be a bust but it’s very hard to say exactly how long it takes. Basically, there are two paths. One of them is you break public confidence in some way. **For that to happen you have to have a bank failure, a well-known investment product that doesn’t pay or some property developer that goes bust.** You’ve had that locally in all sorts of places but you have to have a really big bust that everyone is aware of. Four years later, the prophecy has come true, and I believe Evergrande will miss payments on their $300b debt. They are the big bust. Her final prediction is mass devaluation of the Chinese currency (RMB printing) to escape this mess. Jai Pao will need to step up to the plate. Now lets dive into the series of twitter threads made in 2021 by [@thelsatbearsta1](https://twitter.com/TheLastBearSta1). I believe they provide the best rundown, endorsed by one of the few 🌈🐻s out there that outrank /u/atayls, [the self-deleting sperg Michael Burry](https://twitter.com/BurryArchive/status/1439831599487623168). Here are all the threads in Chronological order, I will highlight some of the key parts further below, but I recommend you go through all of these if you truly want to master the art of the 🌈🐻. [11 March 2021 - What's up with China's property market?](https://www.macrodesiac.com/whats-up-with-chinas-property-market/) [01 Jun 2021 - The biggest tail risk to equities, the Chinese Credit Market](https://threadreaderapp.com/thread/1399748954082971659.html) [20 July 2021 - Evergrande's Credit risk is accelerating](https://threadreaderapp.com/thread/1417492372573798412.html) [23 July 2021 - Possible link between Tether's commerical paper and Evergrande's credit situation](https://threadreaderapp.com/thread/1418302465557110785.html) [27 July 2021 - Update on link between Tether's commerical paper and Evergrande's credit situation](https://threadreaderapp.com/thread/1420130584081354752.html) [30 Aug 2021 - The Chinese big picture update](https://threadreaderapp.com/thread/1432362856033439746.html) [07 Sep 2021 - The threat of Contagion](https://threadreaderapp.com/thread/1435260167612997638.html) [09 Sep 2021 - A timeline of Contagion, Evergrande is not unique](https://threadreaderapp.com/thread/1435720036073807884.html) [15 Sep 2021 - The Writing is on the Wall, and How we should trade this](https://threadreaderapp.com/thread/1438171695685283847.html) [17 Sep 2021 - How best to understand what is happening with Evergrande and how to Navigate it](https://threader.app/thread/1438944431734919175) #Key Point 1: Chinese Accounting is bullshit. Evergrande takes money from the buyers before the properties have been built. Multiple projects are not completed, yet Evergrande simply does not give a fuck, they write the unfinished properties as "Inventory" on their balance sheets, yet they are worthless to everyone. They then use the "strength" of their balance sheet to borrow even more money, to build more incomplete projects, to borrow more money. Repeat this pyramid scheme until now. [This is why they have been trying to pay people with unfinished parking lots because that's literally all they have to give.](https://www.france24.com/en/live-news/20210915-china-s-embattled-evergrande-tries-to-pay-bills-with-parking-spots) They are fucking broke, and have ~$300b in debt to pay. #Key Point 2: The threat of Contagion cannot be understated If we accept that Evergrande cannot pay their debts, then it is highly likely that other companies will fall like dominoes. No one knows who is holding the Evergrande bonds, and who is using those bonds as collateral to pay their own debts. #Key Point 3: Evergrande has never reported a loss, and has always had more reported assets than liabilities. Take a [solid look at this image](https://pbs.twimg.com/media/E_VmMUCWUAMxgts.png). This is what a bankrupt chinese real estate company looks like. Now lets do a magic trick to see how they became bankrupt. This is the same figure, but [removing "Inventories"(garbage worthless properties) from the assets class](https://pbs.twimg.com/media/E_VmYQXXsAM0eMl.png). There we go, that looks a lot more bankrupt to me. Their liabilities are triple their assets by this metric.

u6ctvt

I'm Chris Blattman, economics and political science professor, and I just published *Why We Fight* a book about everything we know about global conflict. AMA!

Hi, I’m Chris Blattman from The University of Chicago’s Harris School of Public Policy. My book [Why We Fight: The Roots of War and the Paths to Peace](https://chrisblattman.com/why-we-fight/) publishes tomorrow April 19th. [Proof](https://twitter.com/cblatts/status/1516042751183400965?s=20&t=zThno_trYkiVyn4to4hpxw) I’m an economist and political scientist. I’ve worked in civil wars in East & West Africa, and with gangs in Colombia and Chicago. My book looks at fighting of every kind—from civil conflicts and gang wars to ancient Greece and the World Wars, plus the kinds of invasions we are witnessing now in Ukraine. [Why We Fight](https://chrisblattman.com/why-we-fight/) walks through the psychological and strategic forces of war, especially the ones we tend to overlook. It’s easy to forget that war shouldn’t happen — and that most of the time it doesn’t. There are millions of hostile rivalries around the globe and yet only a fraction erupt into violence. That's because war is ruinous. War is what happens when something keeps rivals from weighing the brutal costs of fighting. The book looks back at decades of social science and shows that there are really just 5 ways this happens: 1. *Unchecked interests.* When leaders aren't accountable to their people and ignore the costs, or seek private gains 2. *Intangible incentives.* When groups value something ideological or intangible that only war will bring 3. *Misperceptions.* When groups misperceive themselves or their enemy 4. *Uncertainty.* When their opponent's strength and resolve is uncertain 5. *Commitment problems.* When an opponent is expected to grow strong and can't commit not to use that strength in future I've also worked on poverty alleviation, cash transfers to the poor, sweatshops, and randomized control trials for poverty and violence reduction. Happy to answer questions on and off the topic of conflict. I a longtime [international affairs and development blogger](https://chrisblattman.com/blog/) and happy to cover any topic I write about there: academia, development, or career advice for young people. Ask Me Anything! (I'll be collecting questions this morning then start responding midday Central Time.) **Edit**: Thank you all, I had a great time answering all your questions. Thanks for participating and you can always ask me anything about econ, politics (or ducks and minecraft) [on Twitter](https://twitter.com/cblatts). You can also [subscribe to blog posts by email](https://chrisblattman.com/blog/). I’ll do my best to come back to some of the unanswered questions if I can later on

AskEconomics

I have a question about your thoughts on some of your non-conflict-related work. I've thought a lot about Krugman's old article [In Praise of Cheap Labor](https://slate.com/business/1997/03/in-praise-of-cheap-labor.html), pointing out that, for many, the appalling conditions of sweatshop labor were, at least, an improvement from the alternative. I know you have an RCT in Ethiopia (in one of the AEJ journals, I forget which) that pushed somewhat against this notion. I also recall seeing a longer-term follow-up with some surprising results (although I can't remember what they were, and I can't seem the find the paper currently). My question is: Given what you've seen in both the short-run and long-run results of this RCT, do you think that "sweatshops" (for lack of a better term) are a "necessary evil" along the path of development? Or do you think that better insurance against idiosyncratic shocks can effectively fill the role that sweatshops play as "labor of last resort"?

l8el34

Imagine being in a casino...

Imagine you are a gambler enjoying a night at the casino. You decide to play Blackjack. Your hand is a ten and the dealer shows a 7. "I would like to hit." "No sir. You are only allowed to stand or surrender." "That's not the rules of the game. Aren't you regulated?" "Due to the votality your hand represents to the Casino, sir, you are only allowed to stand or surrender. These are extraordinary times." "...are you only allowed to stand or surrender?" "No sir. In fact, we may double down." "Wait. What? You are the dealer, you can't put more money in that I didn't put in. That money doesn't even exist on the table!" "Sir, you have a gambling problem. We might have to report the commission on you for attempting to hit with your hand because your friend told you that you should." "Wait, are you trying to make me fold?" "Sir, we reported you to the newspaper for being a degenerate." "You guys are crazy!" "Sir, we have decided that in order to protect your interests, you have decided to surrender."

wallstreetbets

Miss the part where the dealer talks to you about fundamentals for 20 minutes and tells you how your blackjack game affecting teachers and firefighters. Edit: is needed. For the actual teachers and firefighters under this comment saying they're holding... who teaches and protects real fundamentals of life, my respect for you is already on the moon.

slp0q1

How do I make a million dollars?

Hey is anyone in here a millionaire or ever made a million dollars? What’s your advice on how to make a million dollars? Obviously I could just save my money for a long time and have a million in like 25 years or longer but what’s advice on how to make a million dollars in like 10 years? I’m 25 years old and am 6 months in to electrician apprentice

Money

Your income is powerful. Start investing in good growth funds, side hustle, self improvement to increase income to have even more money to invest and grow. Start your own electrician business if you have that entrepreneur mindset.

vn03t6

AirBnB vacancy rate going up

I have an AirBnB vacation home in the GA Mountains, bought in 2020 and it was occupied roughly 60% of days up until last month. Bookings have absolutely fallen off a cliff and I’m wondering if anyone else is experiencing this? Had 4 nights in June an nothing past July 4th on the books.

realestateinvesting

So far staying in a hotel is the same price as getting an Air BNB so unless we had a ton of people traveling, it didn’t make sense. Plus the pricing is frustrating with you being showing one price but then there are a ton of extra fees.

nb3otq

Am I the only one who hopes Elon stays the hell away from ETH?

Elon is an egotistical asshole who is worshiped by a horde of lunatics who obey his every utterance. I hope he spends time pumping and dumping other crap and not focus on ETH as the ravings of a power mad billionaire are hardly a strong foundation for long term success. One of the attractions of crypto was that it was supposedly going to empower the weak and instead it’s turned into another plaything for the rich and super rich.

ethtrader

Oh definitely. Him becoming this "face" for crypto was a horrible thing. The fact that his tweets move the markers like this is ridiculous, all while being an underinformed, pompous prick. Oh, you realized that Bitcoin uses energy, huh Elon? After you put 1.5 Billion in it? After you declare how awesome it is and how you're accepting it for your cars? ... What are you, a fucking moron? The only explanation where he's not a complete idiot is that he's deliberately using this crap, i.e. lying, to manipulate the markets. This would only apply here though if he plans to buy *more* BTC, so keep that in mind.

sbzglw

$O, Bad Long Term Stock?

I know $O is probably this subs favourite stock, however I have some concerns regarding owning the stock long term. **Dividend Payout** They have a payout ratio of 222% and over the past 10 years have consistently had a payout over 200%. How can they afford to keep doing this **Share Dilution** They have increased the amount of common stock by about 15.5% year over year. Is this not a concern to you, especially as you reinvest your dividend of only 4.36%. You're losing at least 10% of your ownership of the company each year. **Growth** Free Cash Flow has been growing well, however Free Cash Flow per Share has only grown 3.5% year over year for the last 8 years, slightly ahead of inflation but suggesting that it is a fully mature company. **Overpriced** A Company lacking tooo much growth isn't necessarily bad, especially when they have a nice dividend yield and are profitable. The problem is that a matured company shouldn't have a P/E of 54. **Conclusion** Realty Income is a great company to maybe retire on due to its high monthly dividend, however, I wouldn't buy and hold it long term as you will end up owning way less than what you started with, and running the risk of a dividend cut.

dividends

The short answer to your concerns is that the majority of your numbers are technically correct, while also simultaneously incorrect. The first thing you have to realize about Realty Income is that it is not a normal company. For normal US based corporations, what you have mentioned would be cause for concern. However, Realty Income is actually a special kind of corporation known as a REIT, or Real Estate Investment Trust. REITs are corporations that are exempt from most federal taxes, and in exchange are legally required to pass on over 90% of their Net Income under GAAP on to shareholders in the form of dividends. Key word being "Under GAAP." GAAP (or Generally Acceptable Accounting Principles) are the financial reporting standards required by US law. They are strict, based in math, and very difficult to fabricate. Unfortunately, when you are dealing with Real Estate, the mathematics of GAAP begin to break down. This is due to a variety of reasons, but the short version is that taxes, depreciation, and amortization are required to be deducted from any number the corporation calls "profit" (Net Income, as GAAP calls it). However, Real Estate remember, is for the most part an asset that increases in value. Especially commercial real estate. I could honestly break Reddit's character limit on the complexities of Real Estate under GAAP (Whole Graduate level college courses have been taught on the subject) so I won't get into the weeds here, but the important part is that REITs have countered this issue by developing their own metric known as Funds From Operations (FFO). It is, in all honesty, a more realistic, accurate measurement of what a REIT is actually earning, as they do not worry about depreciation, amortization, or most taxes. This is why legitimate stock tracking websites like Seeking Alpha will list FFO statistics under the Income Statements of REITS. [Here](https://seekingalpha.com/symbol/O/income-statement) is Realty Income's Financial Statements. If you replace their measure of profit with the FFO, all of a sudden, Realty Income begins to look like a normal investment. FFO per share over the last 12 months is $3.24. So as of my writing this, Realty Income's P/FFO ratio is 21.11, which is actually pretty good for this reliable of a dividend payer. Their FFO payout ratio is between 80-90%, which is exactly where management wants it to be, as that is pretty normal for a REIT. When it comes to growth, Real Estate companies rarely use cash to outright buy properties, as such a process is inefficient, as federal law requires them to pass on 90% of profits to shareholders. So they must raise capital through either the issuance of shares, corporate bonds, or adding other forms of debt to their balance sheet. A REIT stockpiling too much cash is seen as a bad thing, since they have access to cheaper forms of capital than you or I. Exemption from most taxation means they can offer better rental rates to corporate clients, and as such are more likely to secure tenants, making them a safer investment for banks and other financial institutions. The guaranteed dividends if profitable also make them an attractive investment to those seeking stable returns in uncertain markets.

lw1zgd

Roaring Kitty, CFA

Has anyone else watched Roaring Kitty's YouTube channel? Aside from the GME events, which I agree with his analysis when GME was a $4 stock, the quality of his content is really top-notch in my opinion. He goes through his process in detail and it is clearly heavily rooted in value investing. Not trying to stir the pot on anything related to WSB, GME or any other stock for that matter. Just wanting to shine the light on great content that I think we could all benefit from. Anyone who has seen his content agree? [Roaring Kitty - YouTube](https://www.youtube.com/c/RoaringKitty/featured)

ValueInvesting

I think everyone stands to benefit from watching his step-by-step "this is how I do DD" and how he invites discussion around his theses. He checks off all my boxes: 1. Financial statements over the course of several years 1b) I also like that he said "I can probably call it just on the balance sheet alone" because that's often been my feeling too, to me, if you're too lazy or uninterested in doing anything, please please please at least look at the balance sheet 2) Spreadsheets and ratios and projections 3) Ownership structure 4) Insider transactions 5) Business prospects/overall market People often ask how you should do good DD. Well there's a step-by-step video series by Roaring Kitty on how to do good, solid DD without getting into any unnecessary portfolio management theory for business school types who, at the end of the day, make more money selling their company's investment vehicles instead of making money doing any kind of investing. Edit: Fixed a typo it's "Roaring Kitty" not "Roaring kitten"

r29onj

The metaverse is an absolute joke

Why on earth would I buy fake real estate, play shit card games or using crappy avatars in some potential virtual city? I rather stick with playing fun and classic games like DOOM, Fallout,Halo, Fortnite, cod, Battlefield, animal crossing, mario the list is endless. These metaverse coins have insane valuations and have nothing to show for it, with low active user counts and shit games to play. Mana is a shitty browser game Axs is a boring card game And most of these coins will take 5-10 years to finish why? BECAUSE GAMING DEVELOPMENT CAN DECADES TO COMPLETE. Just make your money and cash out before it dumps lol.

CryptoMarkets

Most of people already living in a metaverse. Sucked into Facebook, Instagram, Reddit and so on. Being most of time in a game like Fortnite is just the same. Real life have nothing to do with smartphones and laptops, despite nowadays are part of it; and unfortunately are taking more and more space. So well, metaverse is just a part of the big picture

ldw1z7

This sub has been the best kept secret of the old wsb

Seriously, obviously the number of members is also growing here, but somehow we escaped the MASSIVE influx of noobs and mainstream people caused by the short squeeze event and the global media attention that was put around wsb. I feel like this is one of the last bastions of what wsb once was, a time capsule of the culture that we had before everything changed and was completely ruined, at least in my opnion. And for this I'll say: cherish this sub. Do not mention it too much outside, because it might go down the same tragic path of being just a bunch of memes and total monopolization.

thetagang

Given how easy it’s been for the last year to pick almost any ticker mentioned in WSB and make 100-1000% gain with little thought it’s not surprising people aren’t getting into more complicated strategies. When the free money stops flowing people will come knocking for new strategies.

mrwmvg

The Missing Link of Next Investors: Why you should know what Amplicat is before you purchase ANY shares held by Next Investors.

#Disclaimer The following post contains strictly public information that I have gathered from my own independent research. This information concerns the operations of S3 Consortiums, who I call "Next Investors", and the publicly listed companies they operate with. All further analysis built on top of this is my own, meaning both my subjective opinion and independent calculations, and is prone to error. I am not a financial adviser, and this is not financial advice. I strongly condemn any brigading that results from this post, all information regarding individuals has been sourced from publicly available profiles on the web. #Intro Alright cunts, I'm back from my self-imposed exile after falling flat on my face putting a number on the returns from the Next Investor emails. This post again is focused on the Next Investors, but taking a different angle. Over the past few days, I've had some messages from individuals asking about my analysis, and the possibility of predicting when they appear. Based on my independent analysis, I believe this is possible, but I won't be discussing that today. Today I will be discussing something that came up in those conversations, which I believe to be a bigger story about who and what the Next Investors really are. Everything below is based on my independent research, with a few helping hands. #Who and what Next Investors claim to be. Next Investors claim to be an "investment group" that does research on companies looking for buying opportunities. When they find such an opportunity, they send out an email to their readers. This has a [Well Documented](https://imgur.com/a/i95GieK) pumping effect on the price when the email is sent, which you can read about further in depth [here](https://old.reddit.com/user/Mutated_Cunt/comments/moqm5e/the_next_pump_a_comprehensive_analysis_of_the/). They do claim that they do not engage in any trading activities for a given stock within 72 hours either side of sending an email which I am inclined to believe. I don't think even ASIC would let something that blatant past them. One thing a lot of people have noticed is that Next Investors have a real lack of transparency about who they are. No email they have ever sent has had an author attached. If you go to their [website](https://www.nextinvestors.com/) nothing immediate is available. On the front page, you get a standard spiel about how they look for small cap opportunities they are dying to share with their readers. Their explicitly stated business model is the following: [**What is our business model: We only make money when our portfolio increases in value. We don’t charge subscription fees or management fees - everything here is free.**](https://imgur.com/a/NurrTuK) But this tells us nothing about who they are. If we go to their [about page](https://www.nextinvestors.com/lp/about-us/), we get more of a standard spiel about how expert and incredibly helpful they are. Absolutely nothing about the people behind this group, and proof of their expertise. The only proof they show is their claimed returns on their portfolio. Way down the bottom of the page, hiding in the [smallest fucking text on a grey background](https://imgur.com/a/Frvxhls), they disclose something about S3 Consortium Pty Ltd. This is their parent, and the next breadcrumb of the trail. #S3 Consortium Pty Ltd (Stocks Digital), the Bigger picture A lot of you already know this, but Next Investors is one of three "promotion groups", the other two being [Catalyst Hunter](https://catalysthunter.com/) and [Wise Owl](https://wise-owl.com/), that fall under the umbrella of Stocks Digital. This is something that [confused me at first](https://old.reddit.com/r/ASX_Bets/comments/mlx7qd/premarket_thread_for_general_trading_and_plans/gtqwncq/?context=3), but makes a little sense according to their "philosophy". Catalyst hunter is for their short term, Next Investors for mid term, and Wise Owl for long term plays. All three of these have email lists you can sign up for, that have a notable pumping effect on the stock when sent. From here, I was able to find the first person with a face I could connect, the twitter page of **their founder [Damian Hajda](https://twitter.com/dhajda).** I have no idea why, but I could not find his name mentioned anywhere on any website run by Stocks Digital. Maybe he prefers anonymity. Personally, I believe it is unethical to hide who you are if you are actively promoting public companies. I had to stalk the people Next Investors follows on twitter to find him. In my dig, I didn't find too much about his background. He started Next Investors around late 2018 / early 2019. He is also the founder of another startup [Socialsuite](https://www.smartcompany.com.au/startupsmart/news/socialsuite-wins-128000-prize-money-at-salesforce-pitch-comp/#.Wp89iLjcdxI.linkedin) which aims to help charities be more effective through data analysis, which appears to be doing [quite nicely](https://www.theaustralian.com.au/business/technology/twitter-again-targets-trump/news-story/bdc98d20179d568e45d9826e980668c5) in more recent times. Their website is [here](https://socialsuitehq.com/). Digging through articles posted on Next Investors website, I was only able to find two names attached to articles, [Jonathan Jackson](https://www.nexttechstock.com/immediate-upside-whk-reveals-future-revenue-growth/) and [Meagan Evans](https://www.nexttechstock.com/whk-secures-a21m-us-government-contract-extension/). Remember the first one. According to Stocks Digital, the following is their Investment process, which is found directly on their homepage. #Our Investment Process - Our network introduces us to pre screened investment opportunities. - Our trusted advisors and sector experts help us assess the investment. - We conduct regular meetings with management to build trust and a relationship. - Our inhouse team of analysts conduct due diligence and analysis - The investment committee makes the final investment decision. - We announce the investment to our followers and update them as the company progresses - We aim to increase position as the company delivers over time. - We aim for free carry within 24 months of investing. Now I will focus on that very first step, on what "Our network introduces us to pre screened investment opportunities" really means. #How Next Investors Really Make Money They are reasonably transparent about the basics of this process on their Stocks Digital website, but not the specifics. Next Investors do not "find" their stocks by doing their own research digging deep, they get approached by the companies. If Next Investors like what they see, they work out an arrangement, and "purchase" the shares in the company and begin "promoting" it under one of their three groups. Lets have a look at this process in detail with an example, their recent pickup of ONE. #ONE Case Study, The Devil is in the Details. On the 12th of March 2021, ONE released a price sensitive announcement stating that they had [entered an agreement](https://imgur.com/a/T6XxLPk) with Stocks Digital. The previous day, the price closed at $0.08. [Here are the details of this agreement](https://imgur.com/a/VDxEcHP). Translated to English, this means the following: - After some haggling, ONE has agreed to pay Next Investors 6.25 million shares instead of a $375,000 cash sum, which is the equivalent of $500,000 in stock, for the **"Services"** of Next Investors. - In addition to this, Next Investors agrees to pay $1m in cash for 16,666,666 shares, at an average price of $0.06. However, if you look at the net effect of this, according to this agreement Next Investors have acquired (16,666,666+6,250,000)\*0.08 = **$1.83 MILLION** worth of **ONE** shares according to the previous market close, for only **$1 MILLION DOLLARS.** - This means that Next Investors paid an effective **$0.044 per share**, representing a **45%** discount to the previous closing price. So why are ONE practically donating their shares away for only $1m? The key here is the "services" they are acquiring. Immediately after this announcement was made at 10:23am, the Next Investor email was sent at 10:25 am. This [caused the price](https://ibb.co/2PsTJqz) to **open at $0.14**, a **75% increase** on the closing price of the previous day, to a **maximum of $0.20**, and finally a **closing price of $0.16.** Unfortunately, my free intraday data isn't working for this date, so I cannot show you the instant price movements. Clearly, we can see the backing of Next Investors has a powerful effect, especially since this was their very first email announcing their partnership with ONE, claiming it as their [2021 Tech Pick of the Year](https://www.nexttechstock.com/our-new-2021-tech-pick-year/). What am I trying to say with all this? In my opinion, they appear to be an advertising company that masquerades as the retail investor's best friend. I bet that my returns would be pretty fucking great if I could "buy" at a 45% discount. When Next Investors talk about their next "great opportunity", they're already well in the money. They paid $1m for $1.83m of stock, an instant $830k return. At the close of the day, their net assets doubled in value, to $3.66m. **In the space of a day, they "earned" $2.66m on paper.** That's a fucking solid racket if I've ever seen one. Another dishonest aspect behind this purchase is that they advertise their [entry price](https://imgur.com/a/sYiSKkO) as $0.08 proudly on their home page. This is highly misleading, and has also been [picked up by another journalist](https://arichlife.com.au/s3-consortium-publishing-misleading-returns-about-oneview-asxone/) who apparently gets paid to do this shit unlike yours truly. However, I think this journalist ended his story too soon, because he didn't mention another tidbit hiding inside that announcement which really shines the spotlight on how their "services" work, and I am sure is of great interest to retail investors. From the announcement, they state their intent to ["further increase awareness"](https://imgur.com/a/Pb3iJJ9) of the company ONE through their digital publisher network amplicat.com. Okay I lied a little there for the narrative, the first time I became aware of Amplicat was thanks to the legend /u/Darebottle, who discovered that Next Investor's website accesses an API hosted on the Amplicat.com domain. Weaponised autism is powerful. He wanted to know if there was a link because what was on there was very confusing. The ONE announcement confirms that Amplicat and Next Investors are indeed one and the same company operating under different personas. From my understanding, Next Investors is the **face they present to retail**, and Amplicat is the **face they present to companies they wish to do business with.** This connection is the headshot, and the most egregious, disgusting part of this post that motivated me to write. #Amplicat, what the fuck is that? Amplicat is yet **ANOTHER** component of the behemoth that is Stocks Digital, and as far as I have searched, is advertised fucking **NOWHERE**. In not a SINGLE PLACE is this website named in ANY of Next Investors websites that I can find. I challenge you to prove me wrong. If I do a google search for news of their name, I get [**9 results**](https://imgur.com/a/xeUfSWW) in a fucking foreign language with no relation. These guys are off the map. Lets take a dive into [their website](https://www.amplicat.com/) and see why they're keeping such a low profile to retail. Remember, this website is run and OWNED by Stocks Digital. I have taken screenshots of everything, because I suspect that once retail discovers this page, it will be vanished quickly. If I had to guess, I believe Amplicat is a concatenation of "Amplify Catalyst", which is a very generous wording. Amplicat is what I consider the **TRUE PRODUCT** of Next Investors. When companies trade their shares at enormous discounts to Next Investors, they are buying the services of Amplicat. Their home page advertises themselves as a provider of [GUARANTEED MEDIA COVERAGE](https://imgur.com/a/gJ6rsjT). The business model is simple, you provide shares of your company to Next Investors at a discount, and they will provide a sophisticated, coordinated online marketing campaign for your company. They are mercenaries for hire. [Here is a very helpful explainer](https://imgur.com/a/wZLlLRd) from their home page on how it works. For a suitable payment, Next Investors will publish articles/send emails within their own network, and create sponsored content for you. Like a smorgasbord, you get to choose what online publications you want these guys to publish "positive news" about your company in. You can get good news about your company straight onto [Yahoo finance]( https://au.finance.yahoo.com/news/pursuit-minerals-pursues-european-nickel-targets-to-meet-growing-battery-metal-demand-062832688.html), [bloomberg financial](https://sponsored.bloomberg.com/news/sponsors/features/the-next-oil-rush/88energy/?adv=25442&prx_t=FnYFAwbU-At_sQA) or [news.com.au](https://www.news.com.au/sponsored/wWGLmt5IPjDyNhO0XhLC/the-untapped-potential-of-alaskan-energy/) if you please. This is powerful. Lets have a look at the way they describe these articles. One thing I noticed in my original Next Investor analysis was that an awful lot of emails that they sent coincided with a major company announcement. This is no coincidence, it is an [explicitly stated TIMING strategy](https://imgur.com/a/br49hy3) that they employ. They love a good excuse to "promote", and know this is an effective strategy. [Here are some companies](https://imgur.com/a/tIgZaoM) that they advertise as having used their services. You may recognize some names (cough cough **RAC** cough cough). Now we are up to the **shameful** section, where by my interpretation Next Investors appear to "**boast**" about their ability to increase a share price. On their website, they have a section of [case studies](https://www.amplicat.com/case-studies.html), where they "brag" about their past performance as "promoters" to attract future clients. #CASE STUDY 1: Pursuit Minerals' (PUR) Norwegian Nickel Exploration FEBRUARY 2020 In this example, Next Investors take credit for ["drawing investor attention to their Norwegian nickel project to improve liquidity in ahead of a capital raising."](https://imgur.com/a/CH8Bax9) TRANSLATION: THEY P****** THE STOCK UP SO PUR COULD GET $$$$ FROM A CR. [Here is the image](https://imgur.com/a/rYEKsP9) from their website showing how over the month of February 2020, their shilling media campaign TRIPLED the stock price from $0.004 to a high of $0.012, a **~~300%~~ 200% INCREASE**(fuck I'm bad at math). One thing awfully dodgy about this is where their chart cuts off, its awfully convenient. It does coincide with about the time a certain virus you may have heard of made its presence known. [HERE IS THE FULL PRICE CHART](https://imgur.com/a/2ApQjW6) for PUR including the months after the purported media campaign. Following their "Successful Cap Raise" the price has PLUMMETED down to $0.002! To be fair, they got fucked pretty hard by external factors, Mar-2020 was a scary time for the entire economy. Allow me to do my best to construct the timeline of PUR's Activities straight from their announcements. I might fuck this up because I have absolutely zero qualifications, but feel free to fact check me by reading the announcements on PUR's page. #PUR NICKEL VIKING SAGA TIMELINE - **Oct 2019** (Share price ~$0.009) : PUR is primarily a [Vanadium exploration company in Scandinavia](https://imgur.com/a/cs27KBl) with 5 projects in Finland, 8 projects in Sweden, and 3 projects in Queensland. [They undergo a Capital Raise of ~$1.2m.](https://imgur.com/a/IZrkfDg) - **Jan 2020:** [Progress continues](https://imgur.com/a/KldThQw) on these projects, share price hits an [absolute low of $0.0037!](https://imgur.com/a/lwuvBLB) - **Start of Feb 2020:** By my understanding of what Amplicat has put on their website, this is when [Next Investors claims to have started contact with PUR](https://imgur.com/a/rYEKsP9) about "promoting" them at the same time PUR wants to perform a Capital Raise to fund a new Norwegian Nickel exploration project. This time period was not highlighted by me, this was highlighted by them and publicly advertised on their [Amplicat website](https://www.amplicat.com/case-studies.html). The Norwegian project is not yet public information. - **Feb 11th 2020:** No public announcement has been made. Next Investors has not published any articles that I can find or sent any emails. The price of PUR has increased to a high of 0.0085. At 12:16pm, their [trading is halted](https://imgur.com/a/q8QmCOa) pending an announcement. - **Feb 13th 2020:** PUR undergoes a ["voluntary suspension"](https://imgur.com/a/oIWOkhd) because they love ASIC so much and can't wait to explain why their stock price has doubled under no news prior to this trading halt. - **Feb 17th 2020:** PUR is reinstated, and announces their new plans to enter an Option/Purchase agreement for [three Nickel Exploration Projects in Norway.](https://imgur.com/a/kqZxl0U). The next day, they announce another [Capital Raise](https://imgur.com/a/Z3OQ5Ch) of ~23m shares at $0.0073 = $170k to fund this. - **Feb 20-21 2020:** Next Investors post a [series of 5 articles](https://imgur.com/a/EWTM4PB), two articles on their own websites, three articles that are sponsored content published to financial sites such as Yahoo Finance. This pushes the price to an intra day high of $0.0125. A certain virus is starting to make itself known. - **Mar 24 2020:** PUR admits defeat to the [Wuhan flu](https://imgur.com/a/cUVy9HS), and ceases all exploration activities in Scandinavia. Their share price reaches a low of $0.002. - **Skip a few months** they start pursuing exploration activities in other regions, [a gold mine in Arizona](https://www.nextminingboom.com/pursuit-1moz-gold-high-grade-usa-alluvial-project/), and eventually land an exploration license in the [infamous Julimar region](https://www.nextminingboom.com/1600-gain-sparks-julimar-explorer-race-we-just-found-cheapest/), where every new prospector is trying to copy the astronomical rise of Chalice Mines (CHN). - Jan 20th 2021: The Viking saga ends, PUR effectively [sells all 18 of their Scandinavian assets for a total of $3m](https://imgur.com/a/ojKvpx2), or $60k per project. The market however is liking their new direction with their company, the share price is $0.032. What we can learn from this case study? If you had followed Next Investors and held, you would be making money but for what I believe to be the wrong reason. The Next Investor promotion was explicitly focused on the Scandinavian projects to support a Cap Raise, and they were paid by PUR to do this. If you had bought shares of PUR believing in the success of the Nickel project, you most likely would have sold at a great loss following the White Swan event of COVID-19 closing their exploration. **Obviously, I don't blame Next Investors for this crash**, but I find it very disingenuous that the stated purpose of their promotional campaign was to support an upcoming Capital Raise, and is touted as a success. #CASE STUDY 2: The Golden Child VUL, Feb 2020 In this example, Next Investors take credit for ["a significant rise in liquidity and share price movement immediately after Amplicat promotion."](https://imgur.com/a/QhiXCF2). Again, they pull the same trick of cutting off the COVID crash following their ["promotion"](https://imgur.com/a/NUaPzP7). They claim credit for [20 articles posted](https://imgur.com/a/opMnrrb) in the month of February, two of them to their own websites, and EIGHTEEN sponsored articles. The share price rose from a [low of $0.185, to a peak of $0.38](https://imgur.com/a/o896VAp), before again it hit the same problem as PUR where they got fucked by COVID back down to a low of $0.15. Again, VUL follows an awfully familiar pattern. Next Investor's chart highlights the beginning of Feb-2020 as the start of their "arrangement". On Feb 11th, they go into trading halt. On Feb 15th, they announce their Positive Pre-feasibility study. On Feb 20th, they say "trust us bro" when ASX asks them about the suspicious price movements before that announcement. From Feb 21st to Feb 24th, Next Investors start "promoting" VUL throughout their network. This coincides with the official announcement on the 21st of February for the Positive Scoping study of their project. The share price reaches an intra-day high of $0.38 on the 24th of Feb. Again, March 2020 arrives and tanks the share price down to $0.15, along with the rest of the market. Ultimately, what can we learn from this case study? The current share of VUL is $7.430 as of my typing this. This was a scenario where everybody won. If you bought at the peak price of this "promotion", your return is ~1700%. Short term, investors may have gotten fucked by covid, but long term this is a winner. Congratulations Next Investors. #CASE STUDY 3: An Awfully Familiar Story Along with SGC/XST, one of the most spectacular loss porn events of this year was with 88E, which plummeted from a peak of $0.097 to its current price of ~$0.022, following their failed drilling results. Here are some articles about the lead up to this story. [Exhibit A](https://www.nextoilrush.com/88-energy-edge-closer-spud-date-one-biggest-oil-wells-2020/#_ga=2.60745130.600602532.1585875991-103860279.1584488176) [Exhibit B](https://sponsored.bloomberg.com/news/sponsors/features/the-next-oil-rush/88energy/?adv=25442&prx_t=FnYFAwbU-At_sQA) [Exhibit C](https://www.news.com.au/sponsored/wWGLmt5IPjDyNhO0XhLC/the-untapped-potential-of-alaskan-energy/) [Exhibit D](https://www.sharecafe.com.au/2019/11/19/88-energys-north-slope-well-could-be-one-of-the-biggest-in-2020/) Wait, is there an error? Those articles say "88 Energy’s North Slope Well Could Be One Of The Biggest In 2020"? Nope you're reading it right, this is something they pulled not once, but TWICE, and **IN MY COMPLETELY SUBJECTIVE OPINION** they are [BRAGGING ABOUT IT](https://ibb.co/kyT0kXp). "88 Energy (ASX: 88E | AIM: 88E) engaged Amplicat(Next Investors) to generate investor interest in the company ahead of its upcoming drilling program scheduled that was anticipated to commence in months’ time." This happened in 2020, and it happened again in 2021, WITH NEXT INVESTORS ACTIVELY PROMOTING BOTH TIMES! From Nov-2019 to Jan-2020, [Next Investors take credit](https://ibb.co/CHn5Th5) for "Amplifying" the price of 88E from $0.014 to $0.026 in the lead up for their drill campaign. They achieved this [with 22 articles](https://ibb.co/0CDnCZV), 6 of them posted on their own website, and 16 sponsored articles. Here is a [pastebin of 10 of these articles](https://pastebin.com/BhQxBMyr) for your viewing displeasure. Here is an [article from earlier this year](https://www.nextoilrush.com/oil-strikes-back-88e-leveraged-exploration-success-coming-weeks/) by Next Investors that makes ZERO MENTION of this previous failure, and ZERO MENTION of their previous involvement "promoting" this dog of a company. How can Next Investors claim to have a team of sophisticated investors with an eager eye for early opportunities when they pull something like this? #The Next Investors Media Network. Now I will do a mini summary behind the mechanisms of how Next Investors spread their news today, but you may have already picked up on this. [This is what I imagine I look like by now](https://i.imgflip.com/55r9e7.jpg) They have three primary methods of distribution - **News Articles posted on their own websites [Next Investors](https://www.nextinvestors.com/latest-articles/), [Wise Owl](https://wise-owl.com/commentaries/) [Catalyst Hunter](https://catalysthunter.com/), and most importantly [FinFeed](https://finfeed.com/)** You cannot find a direct link to FinFeed from the Next Investor website, but you can find direct links to Next Investors from Finfeed, so its not as "hidden" as they make Amplicat. Finfeed is the primary website where they post articles about companies they are involved with. For articles of all three email producers, Catalyst Hunter, Wise Owl, and Next Investors, corresponding articles are congregated here. From Finfeed, we can actually dig into who the fuck is writing these articles. There is no direct page for you to view their authors, but again thanks to the magic of the legendary /u/darebottle , I can give you a [pastebin of all 80 unique authors](https://pastebin.com/rne8z2WD). The majority of these authors have only posted 1 or 2 articles, so it is misleading to say they are all affiliated closely with Next Investors. However, I would like to bring attention to two authors. This is all public information, [Trevor Hoey](https://finfeed.com/author/trevor-hoey) [Jonathan Jackson](https://finfeed.com/author/jonathan-jackson) These two authors are responsible for the majority of articles written on Finfeed. Jonathan Jackson is the "Managing Editor at Stocks Digital", which I would creatively describe as "Leader of the Ministry of Propaganda" for Next Investors. Trevor Hoey is a former senior writer for AFR who now works for Next Investors. As a sample, today I clicked on the front page of Finfeed, and 7/9 featured articles were written by these two individuals. This holds all the way back to 2019. It is my imperfect suspicion that I cannot prove that the majority of content produced by Next Investors is written by these two people. This is all public information which I simply want to make transparent, as Next Investors provides virtually zero information on their main websites about who is producing their content. Another writer that appeared often historically was [Meagan Evans](https://finfeed.com/author/meagan-evans), ~~but as of late she has not posted anything since [Oct 16, 2020](https://finfeed.com/small-caps/technology/retail-isnt-all-dead-which-corner-of-the-market-is-booming/). I believe it is safe to say she is no longer involved prominently with Next Investors.~~ EDIT: Based on more research, I have found [this article](https://catalysthunter.com/technology/fgl/tiny-retail-analytics-stock-fgl-signs-deal-34bn-wholesale-giant-metcash/) posted to Catalyst hunters on the 10th of March 2021. It is now safe to say she is still in the game. - **Sponsored Articles posted on Prominent websites** In the case studies, I've provided examples of these Sponsored articles. Next Investors gets their writers to copy paste the "promotions" from their own website onto financial news websites online, for a price. In every sponsored content article I have linked in those case studies, the author was one of the three individuals I have mentioned. If you are reading news about a Next Investor company, look for the author name to discover if you are being shilled. - **Emails sent directly to Retail Investors** This is the obvious one everyone knows about, people sign up to the newsletter, they send the email, the price shoots up. This is a modern development, in the early days of their case studies Next Investors did not send emails, only posted articles. I believe that they have discovered the email method of distribution to be much more powerful in pumping prices up than articles. We can see instant ~20% increases from the minute the email is sent on a candlestick chart. I believe the emails are written by the same people writing the articles, as you can easily correlate the emails sent with named articles written and posted by the individuals on finfeed. #A Fourth Frontier? Astroturfing Social Media This section is pure speculation, but I believe the next stage in Next Investor's promotional evolution will be astroturfing social media websites like our very own shitposting haven. They are well aware that we exist, and [exploit us to promote their companies](https://ibb.co/3Cf8GzM), and have hired individuals in our demographic to work for them [making memes](https://ibb.co/mD4cXgL) referencing us. What a fucking time to be alive. Because of the effectiveness of their promotional emails/articles, the rising stock prices naturally creates people posting about the Next Investor stocks going up. However, we need to be on red alert for astroturfing shills, remember **POSITIONS OR BAN**. #Conclusion I believe the business model of Next Investors is highly predatory on retail investors. Companies approach them, and I believe there is evidence to suggest that they make Next Investors aware of non-public information about upcoming announcements for the company. They do this so that Next Investors can co-ordinate emails/articles that are specifically co-ordinated with their announcements. This "timing feature" is an explicitly stated service that Next Investors provide under the name Amplicat. In their dealings, they acquire shares in companies at a huge discount to the fair market price, and begin to "actively promote" them across a vast media network. Short term, this causes a significant price increase, and for mining explorers it is for the purpose of justifying Capital Raises at elevated prices. This creates unhealthy market cycles, where prices for their stocks surge violently upwards. When you combine this with their media propaganda empire, this causes retail investors (the retards on here) to FOMO into peak prices, and short term become left holding the bag. There are cases such as VUL where everybody wins, and I do not believe a company being associated with Next Investors makes it inherently bad. However, their relationship with 88E disgusts me on a personal level. If you are going to promote a company that has failed previously under your promotion, I believe you have the moral obligation to be transparent about this history. I will not tell another person to buy PEN without letting them know about some of the problems they're having with their In Situ chemistry. Ultimately, the long term price of these companies makes no difference substantial difference, because they have already been paid for their promotional services. Remember the Silicon Valley maxim, if you are getting something for free, you are not a customer, **YOU ARE THE PRODUCT**. #Open Letter to Next Investors Finally, I leave a series of questions that I would like Next Investors to answer, even if this a longshot. I think leaving these questions unanswered speaks louder anyway. Here goes #1. Who are the so called "experts" behind your "investment decisions" and what are their credentials? There is zero transparency offered on any of your affiliated websites about the "team" involved. There have been clear winners like VUL, but also complete dogs like 88E that you have shilled not once, but twice, leaving retail investors holding the bag. At most, I have been able to link five people to your group, but that is all. Why should we not assume you are a marketing company that helps public companies make money by selling shares, not selling a product? #2. Why is the entry price on your [website](https://www.nextinvestors.com/portfolio/) misleading for PUR, and are there any other listed entry prices that are similarly misleading? From my previously calculation, we know that you effectively purchased 22,916,666 shares of ONE at an average price of $0.044, yet your website states your entry price as $0.08. In this scenario, why have you chosen to use the market price of the closing day prior to your investment as your entry price instead of the actual effective price you paid? Also the fact that you highlight the "Highest Return" in green on your website is pretty fucking cringe #3. Why are the Entry Dates on your website misleading with regards to your relationships with these companies? From the Case Studies page of Amplicat, we know you have been affiliated/doing business with PUR since at least Feb-2020, and 88E since at least Nov-2019, yet you list your "entry date" for these companies as Dec-2020 and Jun-2020 respectively. I believe the first time, they may have only paid you cash instead of shares, but I still find this to be an incredibly dishonest way to operate. #4. Why is it so hard to find Amplicat? The services offered by your other website "Amplicat" are not advertised anywhere on any of the "retail investor webpages". On this website, you boast about your ability to "improve liquidity in ahead of a capital raising" and create "significant share price movement". Is this conflict of interest not something the retail investors you advertise towards should be aware of? #5. How is it possible to "time" emails regarding price sensitive announcements using only public information? Your Amplicat website advertises your ability for "Swift & synchronised publication to coincide with material news announcements and macro-economic events". I have identified [five separate occasions](https://ibb.co/WHwvXSL) where the email you sent was less than 60 minutes after the announcement was officially made on the ASX. Are you simply that amazing and awesome at processing announcement information and churning it into an email in record speeds, or are you aware of certain things the public is not? #6. Do you think your behaviour under Amplicat is befitting of someone holding an Australian Financial Services License? I'm no lawyer, but I think there's something to be said about a "conflict of interest" that is hidden away inside the Amplicat division that you do not advertise on your main websites. and finally, the one question I really hope they answer #7. Why is the [official Twitter account of Amplicat](https://twitter.com/amplicat) suspended for violating Twitter's policies? I followed the link to your social media on your website, and as of writing this, [the linked Amplicat twitter account is banned.](https://ibb.co/98qZYbP) Does Jack Dorsey have stricter standards than ASIC? 🤡 🤡 🤡 🤡 (**UPDATE** Amplicat's twitter account is now unbanned) Congrats if you made it all the way through this post in one go. Love you all, lets keep this place special. #Update I don't know why, but google has decided to show me an actual news article instead of foreign languages when I search for Amplicat now. [Here are the details of their agreement to promote EMN](https://www.globenewswire.com/news-release/2020/08/25/2083606/0/en/Euro-Manganese-Inc-Appoints-Digital-Investor-Relations-Firm.html)

ASX_Bets

NEXT INVESTORS are the real deal and everyone should listen to their amazing advise. STOP Critizeing these lovely people and instead subscribe to their wonderful newsletter. I know I am doing that. You should too! Anyway I’m off to try out my new 20 foot power boat 💰 💰 💰 (not related to this post at all).

64q201

United Airlines stock down over 5% premarket trading

http://www.marketwatch.com/story/uniteds-stock-is-set-to-fall-5-and-wipe-1-billion-off-the-airlines-market-cap-2017-04-11 UAL is set to lose over 1 billion in market capitalization after violently dragging a passenger off its airplane. Edit: United Airlines recovered most of its early losses later on into the day, posing a daily loss of just over one percent but trailing behind other major airlines that were mostly green.

investing

Question: this thread has been reported like ten times and at least once for vote manipulation. Yes 10k upvotes on this sub smells fishy(like the highest upvoted thread ever before this was 3200 fishy) but does anyone have evidence of actual vote brigading/manipulation? If so please leave it here or message the mods. Thanks. E: it's been an hour and no dice so I'm guessing the reports are just people who don't want a witch hunt in our sub. Unstickying for now.

loff5s

Congrats but not congrats. I followed fatFIRE to learn... not to read your humble brags.

People, when you post your success, please throw some bones in here for the rest of us. Too often I read people creating "throw away" accounts to humble brag their success and retire early, etc. PLEASE remember there is a super majority of us here who are still grinding the day to day - making ends meet. When you post your wins, congrats, but post some details on how you got there. Why did you choose your method vs others. I wanna read your thought logic, not just how much NW you have and what you started with. Help us connect the dots. Lift others up, not bring other down. This is not Instagram. Edit: "making ends meet" meaning trying to hit my investments, earnings and savings targets (not always easy). Some folks are saying I don't belong here, so I want to clarify that I'm currently on the FatFIRE track, but would like to learn more from others - especially those who made it.

fatFIRE

Yeah.... no. I don’t make threads like that but I don’t support this. I’m happy for others. Simply seeing their success is both motivating and fun for me to read. If they want to boast about their new house? Their new car? That’s awesome, congrats to them and seriously love reading it. I don’t require them to tell me anything “for me” because I’m still grinding to get there. For anyone here who’s made it? Sure give us details if you want. If you simply want to share your success and explain what it’s like? That’s awesome and motivating to me. I won’t get bitter at all and sometimes simply hearing your happiness with a result is good enough for me. Edit: one more thing, a pet peeve of mine is when somebody calls it bragging when a person worked so hard to earn something and wants to share it with this group, anonymously online. That’s not bragging and they earned every right to be proud of it and show us. We often can’t share cool things with real life friends. Let’s avoiding telling those people they’re bragging, I don’t think they are.

rptcmc

What are the macro economic drawbacks for canceling student debt?

From an unbiased stance, are there any negative economic impact for the American nation on a macro scale for just canceling the trillion dollars in student debt?

AskEconomics

1. Increased national debt and the consequences that come along with that 2. Increased inequality. Student loans are disproportionately held by Americans with well above average lifetime incomes 3. If this is a recurrent event - moral hazard (this is microecon). Even not explicitly stated, merely the expectation that debt might be forgiven in the future could distort decision making.

odicmk

Where are all the non-rich people?

I read a lot of posts asking about surviving or at least building a financially smart life on a 'meagre' 60k wage. I earn about 30k as a social worker and do alright. I mean I have to manage spending of course, but I'm not in trouble or anything, and seem to be able to use advice here as well. But I'm just wondering: is this mainly a sub for the more wealthy?

eupersonalfinance

I think the reason is that people that are on the lower earning side do not bother themselves with such subs as their key goal is to get to the end of the month. At least my personal interest with financial and FIRE subs grew as my income grew. That saying 30k in my part of EU is a decent wage, maybe even on the higher side. So evaluate your own position only by size of income is not a right thing to do.

vdl8e1

How did Elon Musk become the wealthiest person in the world?

I can understand how other people touted as "wealthiest person in the world" got their wealth, for example: * Bill Gates gained his wealth because his Windows operating system is the dominant computer operating system * Jeff Bezos gained his wealth because his e-commerce business is widely used worldwide * Sergey Brin and Larry Page gained their wealth through creating the world's dominant search engine and web browser * Vladimir Putin gained his wealth through corruption at the head of a massive and resource-rich nation In contrast: * SpaceX products and services are not as widely used as those of Microsoft, Amazon or Google * Tesla comprises less than 1% of the market share of automobiles worldwide * Elon Musk's other promises such as Hyperloop have been nothing but hot air

AskEconomics

The vast majority of Elon Musk's net worth come from Tesla, so let's ignore the other things for now. Tesla is currently the most valuable asset cat company in the world. In fact, it's worth more than the next 5 biggest combined. So it's easy to see how a major owner and leader of the by far most valuable car company in the world could have a high net worth. Remember those wealth number just list net worth. They are not just counting his cash in the bank. It's highly unlikely he could sell all his stock and realise that kind of money without the stock tanking. Now, from the way you've phrased your question or sounds like you doubt the value of Tesla. You may be right of course, and if you are his net worth will go down as others figure it out. However the reason a lot of people value it so highly goes something like this: A companies value is not determined by what its doing right now. If I had a dollar but knew it was about to turn into $100, I wouldn't sell it for a dollar. I wouldn't even sell it for $50, I'd probably value it at very close to $100. So people are looking at Tesla and trying to work out what it will turn into over the next decades. They only sold a bit over 1% of new cars, but they certainly didn't sell them at the average price. These are expensive cars globally. Now we get to electric cars. A lot of people think there won't be many petrol cars sold in 10 to 20 years. Tesla sold double as many electric cars than its next competitor in 2021. So the bet is, is it easier for existing auto makers to switch their factories to electric cars? Or is it easier for Tesla to build new factories? If it is easier for existing car manufacturers to convert factories, how did Tesla get such a huge lead inf the first place? Now everything I've said about Tesla has little to do with economics and could be all wrong. But the stock is valued that high because there are people who believe it, and demonstrate that with their wallet by buying a piece of the company for what they think the company will be worth. Elon Musks net worth is calculated based on the amount investors show they believe the company is worth by buying shares, divide by the portion he owns. Remember Bill Gates didn't become a billionaire in the current era. He did it in the 80s. Only about 5 million PC's were sold that year. He was a billionaire long before his Microsoft was ubiquitous in every household. And so Elon Musk has a high net worth before his companies either have an impact commensurate with their valuations, or decline with his net worth to follow.

9zq05a

Swachhcoin roadmap

Successful Project always has a purpose to reach. these points can be read easily on a roadmap to track every progress will be through on the project. easily shown on the roadmap to track the progress of the project. As you can see following below, the Roadmap of SWACHHCOIN projects looks very clear and informing. the team has planned in detail the big amount of tasks to be done and to be through. just looks the roadmap truly promising.

crypto_currency

Swachhcoin is different from other waste management platforms in the sense that swachhcoin leverages technology into waste management and we all know what to expect when something is being done with the use of advanced technology.

9zq05a

Swachhcoin roadmap

Successful Project always has a purpose to reach. these points can be read easily on a roadmap to track every progress will be through on the project. easily shown on the roadmap to track the progress of the project. As you can see following below, the Roadmap of SWACHHCOIN projects looks very clear and informing. the team has planned in detail the big amount of tasks to be done and to be through. just looks the roadmap truly promising.

crypto_currency

The produced outputs have wide utility across sectors. These outputs will be sold to the buyer, in return of the equivalent amount of tokens. Buyers can be other manufacturing industries/factories or retail buyers, as maybe the case.

hgdyom

I am a failed real estate investor. Here's what I learned.

Hi! I just closed on the sale of my second investment property, and I'm officially "out of the game". I read this sub religiously for two years before making a leap and buying property. So I thought I'd come back here and share what I learned and what I should have done differently. My story is very common: high income, high cost of living area, property here is crazy expensive, want to diversify, etc. I started looking for places to invest. After a couple failed attempts and about six months of research into cities I decided on a Midwest city. I flew out there and met a property manager and realtor (business partners) and eventually bought 2 duplexes. I was super excited to start my real estate empire! I ran the numbers hundreds of times. The rents were almost double the payments. What could go wrong? Then reality hit. There was always something happening with the properties. Always. Sometimes big stuff like the AC breaking. Stupid stuff too. Every time the PM sent someone it would be another $200-300 out of my pocket. We had two evictions (across 4 units total) and unit turnover was 10k every time, and that's after I pushed back on most of the stuff the PM insisted on "fixing" (like replacing a shower head that worked just fine. why?!). Good months, I got 80% of the rent I had been counting on in those spreadsheets I spent so much time on, but there were a lot of months where there was nothing coming in. So what does it mean when you have a mortgage on two properties with no money coming in? Risk. How long can you remain solvent? The properties were supposed to be net positive, instead I never even bothered putting them in the income section of my budget sheet because it was so unreliable. I realized that I have no stomach for the degree of risk that comes with increased debt. I once thought that I would buy one property per year. I can easily afford the down payments. But each one is another amount that becomes a tighter noose around your neck if / when the tenants don't pay. I sold my first property after the tenant got evicted. I sold the most recent one after I had a dream that covid caused the economy to crash to 2008 levels and it lost half its value. I just don't have the stomach for that level of risk. Lessons learned: ** Do not invest out of state unless you have multiple, personal connections that have worked with the property manager in the past. I still don't know if they fucked me over or if I got unlucky with the properties/tenants. I suspect it's a bit of both. They certainly padded the to do list when turning the units over by at least 50 percent. I was charged $400 to haul away the debris after one turnover. ** Get a separate property manager, realtor, and attorney with no connections to each other. You need checks and balances. ** Understand how much risk you can stomach. Know yourself. I have a "fuck you money" amount of savings in cash because I'm just inherently not a very risk taking person. You don't want your investment to keep you up at night. ** Talk to the PM before signing anything on what the process is to end your relationship with them if things go south. Document it. ** This one is kinda random but if you're trying to keep your investment a secret from family, put it in an LLC. Wholesale vultures called my estranged father trying to get him to sell them his property in <city>! Which was just great when I purposefully didn't tell anyone about the investment to keep my financial situation under wraps. So, in the end, I'm a failed real estate investor. Due to property appreciation I basically broke even on one property and made maybe $20k on the sale of the other, so it was just a collosal waste of time for the number of trips across country, all the transaction fees, etc. Hope this was useful info for someone. Like I said, I never told any of my friends or family about any of this so Reddit is all I've got to get this off my chest.

realestateinvesting

I am an active investor(and agent) and can agree that there are some major difficulties and you certainly do have to assess and be comfortable with the risk involved. From your story it sounds like your property manager was a disaster. That is not surprising at all. It’s a hard job and most property managers are terrible. They can make or break your experience. A secondary problem seems to be the condition of the properties. Stuff breaks, that is par for the course. However, when you purchase and go through the inspection process you should have some idea how much you will be spending on repairs. Current repairs and future capital expenditures should be in your budget. I buy to renovate and expect low out of pocket expenses in the first few years after renovation. I prefer to spend the money up front and save some future headaches, plus this helps me drive up the value of my properties. If you buy a property with a lot of differed maintenance or where many of the major systems are at/near the end of their useful life then you have to be prepared for regular large expenditures until the major systems are more up to date. In my opinion your agent should have prepared you a little more for that but not all agents know investing. Sorry to hear it didn’t go as well as you had hoped. Thanks for sharing your story!

md8z0w

Inherited about $350k, now what

My mom passed away last year. It really sucks she retired at age 62, and got to “enjoy” retirement for approximately two months. So as a result, I inherited a portion of her retirement. I’m 41, married with a 4 year old. Our household income is just over $200k/year, we each make about $100k. We have no debt except for our house, and $350k won’t quite pay off the mortgage anyhow. I put it in the market for now, it’s hanging out in a mix of stock ETFs, maybe 60% domestic, 20% foreign, and 20% other that looked interesting (real estate, health care, etc). I think the market is just kind of sideways right now, but if anything I think it’s gone down a bit since February. But that’s ok, we can be in it for the long haul. I can’t help but feel like there is something else I should do with this? How much is ok to enjoy? I keep trying to think about my mom’s values and how to honor her. We made a $10,000 donation, and planned a $5,000 vacation in the summer when things hopefully get back to normal. She worked very hard her whole life for this. She told me and my brother to “work hard, but have fun,” Which she finished with, “always make sure to have fun.” Any suggestions on something I might be missing?

FinancialPlanning

Spend some of the money on her birthday every year to do "something fun" It will be a great way to honor and remember her. It can be something small or big, something she would like or you would like. I'm sorry for your loss.

l216iu

Rant mode: I cannot believe the number of podcasts about real estate investing. It makes it feel super bubbly. And frankly, I'm kind of embarrassed to label myself a real estate investor despite 20+ years in the game because it feels so cheesy.

Basically the title. I mostly listen to politics and money podcasts. I do listen to bigger pockets occasionally (or I used to back when it was a little less self sucky sucky) but I don't really browse that often. I clicked through suggested and I am blown away at what felt like 50 real estate podcasts. I mean.....It isn't that complex to justify 1000 hours of content a week. Lots of the podcasts kind of feel like the podcast is the business rather than the real estate. I know so many people interested in buying rentals, flipping etc. It is almost like bitcoin where they are hopping in just so they don't miss out. I like real estate. I think it is a good path to wealth creation. But it is mostly boring. Dealing with tenant squabbles, deciding what grade of LVP is best, trying to find matching trim is like 80% of the game over the long run. Do you have any idea how long I've spent trying to locate the right color grey to re-paint a unit? That doesn't need a 90 minute podcast. Finding deals is sort of exciting for spreadsheet nerds. But contracts, financing, refinancing....boring. Buy a property that cash flows, wait like 30 years while making $150 a month and maybe refinance occasionally to take a bigger chunk out. ​ And if you haven't been in the market through at least one downturn- I don't need your advice. Your experience isn't valuable enough to broadcast. I realize you made 28% appreciation in 2019 and your cash on cash was 456%. But until you have watched it all go negative and had 5 years of gains get wiped out in an instant....don't tell me how much leverage I should have. ​ Oh you have 4 units so you think you can start a class about how to become more like you? piss off. You successfully flipped a house in a market that goes up 2% a month? you could probably have literally done nothing other than hold for a few magic months and made money too. You didn't discover the secret RE rosetta stone. You bought into a hugely rising market where everyone feels like a genius. You made a 10K assignment fee off of an old lady you charmed? super sustainable business model Mr Buffett. You should start a TV show too. ​ I don't know what my point is. I just hate that what was a very legitimate business is so snake infested now. I don't call myself a real estate investor now. I just tell people I'm a landlord- which makes them not want to talk about it further. ​ Rant off.

realestateinvesting

I think there is a lot that makes RE feel super bubbly. But this is more a function of the recent explosions of podcasts than an outlook on Real Estate prices. There is also a proliferation of true crime story podcasts...does that indicate a bubble of crime.? No, again, it's a bubble of podcasts.

9zgiv6

What is EntrepreneurShop (ESO) Project?

What is ESO Project? ESO introduces the most advanced applications made on top of artificial intelligence technology and blockchain technology, this concept connects the futuristic professionalism with the current blockchain network approach, can be an excellent starting point for the future growth of financial transactions if integrated with mechanism of machine learning. While existing solutions offer to solve just one problem at a time, our team is up to build a secure, useful, & easy-to-use product based on private blockchain. It will include easy cryptocurrency payments integration, and even a digital arbitration system With the incorporation of Blockchain and NFC technology that creates secure, fast transaction with data that is not easily hacked maintain fast and efficient transactions.

crypto_currency

In addion to focusing on e-money, e-commerce, payment systems. We will also collaborate with health insurance, accidents, old-age benefits to make our users more comfortable and made comfortable in everything they need with just a simple device but can fulfil all needs.

leq2kt

A new milestone! 100k net worth

I am now officially among the 6 figure club (provided there isn't a pullback this week) . 50-50 growth and dividend. With an average monthly dividend of 368.68$ and growing. Hoping to reach 128k by end of year and $400 monthly average. Made possible through aggressively saving on 40-50k a year since 2017. I can't tell friends or family because they hate hearing "rich people" issues/achievements so here I am telling you guys instead.

dividends

Congratulations! I have the same issue with my people. They get a lot of jealous emotions but overlook how hard we worked, how religiously we saved, and most importantly they overlook that anyone can do this.

xkm0y3

How is Japan not completely dominating the world economy?

I'm no economist, and this is a bit cheeky, but I'm lost as to how Japan isn't a much stronger economy than they are. Currently, they're ranked #3 in the world, which is pretty good. Especially given their not huge population of a little over 100M. But it seems like they should be higher. I can't think of many products where the Japanese version of that product isn't the best. They make the most reliable cars. The highest-quality pianos. 2/3 of the most popular video game systems are Japanese, and they control a huge market of games for all three. Japan also has a massive amount of media in the form of TV shows and movies that have worldwide appeal. To be fair, Japan has some heavy competition with the USA here, but their own influence is huge. Japan also has a large amount of R&D in technology, though it competes with the US and China here. Again, their influence is still large. To tie this up further, Japan is incredibly safe and has a very hardworking population. Tokyo is quite possibly the best designed city in the world, and trains are basically always on time. This is all conducive to growth. I'm fairly certain that anyone who has been to New York, Shanghai, and Tokyo would rate Tokyo as the cleanest, safest, and most efficient of the three. ​ Obviously, there are some strong opinions here, so I'd like to hear it from an economist. Why isn't Japan richer?

AskEconomics

Japan's heyday was in the 1970s and 80s. Especially [compared with their peer economies](https://ourworldindata.org/grapher/maddison-data-gdp-per-capita-in-2011us-single-benchmark?time=1950..latest&country=KOR~JPN~USA), growth slowed down in the 1990s and 2000s (referred to as the "[Lost Decades](https://en.wikipedia.org/wiki/Lost_Decades)"). This occured at first because of the [1990s Japanese banking crisis](https://www.imf.org/external/pubs/ft/wp/2000/wp0007.pdf), and then because of a shrinking workforce and rising adult dependecy ratio. The demographic issue of an aging population is here to stay. The Japanese are extremely adverse to allowing immigrants, and attempts to raise the fertility rate have had essentially no impact. There is essentially no plausible solution to their long term economic slowdown.

ll7rwj

Can solo algo trader get an edge / market alpha strategy?

After dabbling in algo trading a bit, whether its making a simple BTC chart detection python algo on binance, or sophisticated commodity trading algo that scans for pattern in global climates.. surely we - solo algo traders, have found a profiting algo at one point or another. My question is: do you really have an alpha? or are you just riding the market's wave up? Institutions have serious hires when it comes to data scientists and quants, how can we ever beat them? This is almost a philosophical question.. same can be asked in the context of a tech startup. And the answer is, startups sometimes look where big companies dont, or they actually have an edge! (say a proprietary IP)

algotrading

Yes. In fact, there are many advantages to being a (automated) retail investor/trader. I won't distinguish automation as an advantage or disadvantage because it is simply a tool for executing strategies and not a strategy within itself. First and foremost, small trades (I mean <$100k or so, assuming a liquid enough asset) do not really move markets, allowing your positions to effectively realize the full intended movement at the time of entering the trade. Second, and perhaps more importantly, retail order flow is considered "non-toxic" and often allows you to get better fills. That's right - market makers DO NOT want to trade against sophisticated institutions and will actively try to avoid their orders. However, retail order flow is literally just considered noise (as for the most part, it is), so market makers love to trade on it (think Robinhood). No matter how sophisticated your strategies might be, your trades will be considered retail and gobbled up by market makers, providing you with better fills. The markets are so complex and there are so many opportunities for everyone involved. To think that "I can't do this because someone bigger and smarter already does" is defeatist and incorrect. Good strategies make money; bad ones don't - simple as that.

zsy2mf

What's overvalued about Tesla?

Serious question. I'm not that good with valuation. I've read bull and bear scenarios about TSLA, but I'm wondering what specifically is bad with Teslas valuation. I see that it's revenue growth and also its eps was up year over year but that's all I know really. Also if there are any bullish arguments please feel free to comment on them. Thanks.

ValueInvesting

It's an automaker, an industry that typically trades at low multiples, operating in a niche sub-market with limited upside potential. And yet it trades as one of the highest multiple companies on the market. They also have incredibly shady accounting practices, and frequently move figures around, claim expenses as assets, and pull forward unrealized earnings in order to inflate revenues and gross profits.

7nhrsp

Warning: AT&T applying "customer loyalty speed upgrades" without customer consent

So over the holiday I received an email with an order confirmation from AT&T (my ISP, and the only one available in my area) and it had a new bill amount (about $5/month higher). I haven't ordered anything so the first thing I thought was maybe someone got a hold of my account number or personal info and changed it. I immediately logged in to check out my plan and make sure everything was in order. I had a notification that showed that [AT&T had "upgraded my internet speed at no extra charge"](https://imgur.com/LrUUetX) Obviously I was annoyed by this, so I dug a little deeper to figure out why the bill had changed. I then found this alert showing that the "promotional discount" for this so-called ["customer loyalty speed upgrade"](https://imgur.com/PtYazt6) would expire in a month and my bill would go up $20 more per month. I then looked at my bill and found that they had [upgraded my plan to the highest speed and most expensive plan they have without my consent](https://imgur.com/ThJwB7J), under the guise of "customer loyalty", and applied a $20/month promotional rate for 1 month to make it look like my plan hadn't changed and the new bill was probably just some random $5 fee added on like most ISPs occasionally do. I immediately called and spoke to a rep named Jorge who stated that it was a mistake, that the change was applied automatically and it wasn't supposed to be applied to my account, but after telling him if it was automatic it needed to be addressed immediately because it was probably affecting other people, he confessed that AT&T was aware of it and that they had received many calls about it. I don't for one second believe this was accidental. I believe they are doing it on purpose and hoping that many people won't notice. Make sure you watch your bills, because if this happened to me it is almost certainly happening to others. I'm not sure what should be done about it (if anything) and I don't personally care at this point because the issue is resolved for me, but I do feel like AT&T should be outed for this shady behavior and that someone should be held responsible, so I wanted to post to show everyone what happened. If this is the wrong place to post, please suggest a better sub. This was just the closest thing I could think of that applied and it could be shared/crossposted from here. **Edit:** since there were a couple questions about my last login, the 2015 date is inaccurate. I usually log in from my phone but did it via my computer this time so I could make the post easier w/ images etc. Not sure why it's showing 2015 as my last login as I'm pretty sure I didn't even have AT&T then lol ... anyway, [here's the email I received, dated 12/30/17, so this is definitely a current thing](https://i.imgur.com/I7W1VpU.png) **Edit 2:** Since this is getting a good amount of attention, if this happens to you here's what I did: You should immediately pause your autopay if you have it so the bill doesn't get paid (note that I got this email 12/30/17, two days before the bill was due on 1/1/18, so they definitely tried to sneak it by me). Then call them and they should credit your current bill back to your normal rate, you should pay that month's bill manually, then let autopay resume. As others have noted in the comments ALWAYS WATCH YOUR BILL CLOSELY! **Edit 3:** Fixed some formatting stuff **Edit 4:** Holy moly this thread has picked up some steam! Thanks anonymous Reddit friend for popping my golden cherry! **One last edit:** from a PM I received...the sender wanted to remain anonymous but I thought this was great info: >I work in big telcom. What you experienced is called a “slam sale” in the industry. It’s when a salesman places an order for you, without ever receiving your approval for the order. The salesman gets credit for the sale, meets quota or receives a big bonus. >Oddly enough, this is not a very common tactic today. It was popular until 10 years ago, and it’s almost unheard of today. I wasn’t aware that AT&T was experiencing Slam Sales today. >You can protect your account from Slam Sales. All the major telco providers will offer authentication-secure account protection. Call AT&T, ask for billing, and tell the rep that you want to password-protect your account from unauthorized sales. You can setup either a password or a PIN that must be entered to make any account changes. >Sorry this happened to you. And another PM: >I also work for a major telco as well(name is somewhat synonymous with dicks), the account PIN/Password is visible to us when we do verification and would not stop someone from putting sales on random accounts. Pretty much every ISP and cable company uses outdated billing software from the 80's that's a glorified AS400 mainframe running with a 90's era gui overlay. Scroll about halfway down in [this](http://www.makotek.net/intranet/Forms/ICOMS%20Technician%20Guide.pdf) pdf for some screenshots.

personalfinance

About a month ago, AT&T decided I needed an upgrade so they picked one out for me. I got a notice from my bank about my debit card being charged $90 (I get an email for all charges on that card, and link all auto-pay bills to it so I can see who charged me what). I looked into why I was getting hit for another AT&T charge and found it was for ordering a Samsung Galaxy Note 8. Then I got an email thanking me for my order. When I called them, I thought someone hacked my account and was buying shit. After a brief conversation, they told me it was a promotion offering me an upgrade and that I wouldn't be charged. I told them I already had, the money has left my bank account without my approval, this was now theft. After talking to many people I got them to refund the order, refund my last two bills, and cancel my AT&T account. In short, AT&T are not satisfied with just screwing people over with hidden fees, they are thieves. Fuck AT&T.

m7ytxa

[Channel Discussion] Can we stop with the "I earned $X.00 today, this week, month or this year" and move them to a weekly post?

While it's great that people are getting involved and earning money, it's starting to get annoying seeing these posts everyday. They take away from the substance of this great community. I believe a weekly or so megathread, similar to what other channels do, would better serve this channel & community.

dividends

Yes. Is the community OK with a monthly thread for payments? One thread for both these posts and lists/discussions of stocks paying dividends in the coming month? Edit: I would encourage the community at large to help us maintain a high quality subreddit. There's only a handful of mods, and we all do this on a volunteer basis. We have families, jobs, and lives outside of reddit, and it's just not possible to keep up with everything that gets posted, especially comments. Please don't hesitate to submit a report for any rule violations. Not everything that gets flagged is guaranteed to be removed, but if there's any question, submit it for the mods to look into. I won't speak for the rest of them, but I would certainly appreciate it.

m0bgbz

Behavioural lessons learned over 30 years of investing

These are some important lessons I have learnt over 30 years of investing from a young age . These are my experiences , so I cannot really post hard data or do analysis . They have become part and parcel of what I think 1. Get rid of all membership programs , frequent flyer miles, restaurant coupons, exclusive invites . They distort behaviour and thinking . You start seeking comfort and gratification in meaningless trivialities . If you want comfort seek it from family , friends and the almighty . Over 30 years I have surrender everything , including my black diners club and the Amex platinum charge card . I only maintain a family membership to a members only club because I like the food and it’s 50 % cheaper to entertain vs a restaurant and my children can access recreation. 2. Condition your brain to live on rent . By choosing to live on rent the opportunity cost savings over last 3 years have been to the tune of 75 L when compared to a bank FD yielding 7 percent . Over 3 years , its significant . 3. The most difficult one , take advise from people who are better smarter richer than you . This is difficult as you have to let go of your ego and cultivate them . I personally found this to be the hardest . 4. Do not hesitate on spending for small pleasures of life to indulge your family . X amount saved now will not amount to much later . But it will help your relationships 5. Keep your investing and accounting simple from the beginning . You avoid wasting time that can be spent productively 6. Manage your liquidity daily , review it daily , and keep it more than adequate . That is what will give you the strength to hold on to your convictions when life, health and investments all three take a u turn on the same day. I have seen it happen in 2009. 7. Cover all risks - life , health and disability . Very few Indians cover disability . We are binary thinkers . Sometimes being disabled is worse than death and certainly more expensive. 8 Segregate your child’s portfolio by age 5 . This will allow you to place long term bets because you know your child has 15 years to go . You may not . 9. When you approach an investment , don’t approach it with hope , approach it with extreme distrust . Let your analysis peel away your distrust . This in Latin is called via negativa . 10. Keep investments in joint names with your spouse or split with spouse . I know several people who kept everything in their name , are getting impacted by higher tax slabs and cess and the spouse leaves no occasion to rub their faces in it . I believe lower taxes and a happier spouse are desirable outcomes . Others may differ or seek proof. Or want higher taxes and disgruntled spouses .

IndiaInvestments

One addition. Don't have kids if you don't want to. Family members will pressure you/your spouse. But stay firm on your decision. I've seen people having kids for the sake of having kids without thinking how it'll affect their financial position. It puts you as well as your kids into a very miserable position.

9ec2pl

Pigze Profer Solution to the Limitations The solutions include the introduction of

Wollo — reduces the cost of money transfers to a fraction of a cent making it possible to send small sums to children Pigzbe — helps families to create borderless micro-financing networks, providing international reach to over 180+ countries Wallet — enables the real-time settlement of money transfers in 3 to 6 seconds ensuring a child is rewarded instantly 3 qualities that guarantee piggy-wallet for future usefulness Piggy-banks should be interactive, useful and safe — which is why we made a piggy-wallet instead of just another “digital piggy-bank”. 1. Future-proofing financial education People teach their children about finance, earning, saving, modelling and spending, a few cents and dollars at a time , something normally done with physical money and 1 pocket change. Our ambition is to establish a new standard in financial education for children, and a system designed not only to survive the demise of physical money, but also to embrace the realities of a rising token economy, thus future-proofing the piggy-bank by combining the best in blockchain technology, digital banking and IoT technology. 2. Empowering families as microfinancing networks The financial education of child is, at its core, a micro-financing activity. It begins in early years, with small amounts of physical money drip-fed into a physical receptacle as rewards for good behaviour, and, once accumulated, used to purchase a desired good or service. This usually involves the entire family, making the family by default a micro-financing network. Accelerating cryptocurrency uptake It is believe that a generation of children growing up with cryptocurrencies can be an enormously powerful force for change. Pigzbe doesn’t just aim at empowering families and children financially, but also at educating them about modern programmable money. Pigzbe and Wollo also possess the potential to provide unprecedented access to the cryptocurrency ecosystem for entire families. 3. Wollo utility token (WLO) Wollo is the Pigzbe network’s native token, and it enables the saving and playing experience within our application. A specific community can be built around Wollo, connecting children with family and loved ones.

crypto_currency

Pigzbe offers up a cohesive, comprehensive, transparent and simplified way in which families, and especially children, can comprehend the world of the digital marketplace, and be able to financially succeed in the way that ultimately, all monetary and financial matters will be sorted

9ec2pl

Pigze Profer Solution to the Limitations The solutions include the introduction of

Wollo — reduces the cost of money transfers to a fraction of a cent making it possible to send small sums to children Pigzbe — helps families to create borderless micro-financing networks, providing international reach to over 180+ countries Wallet — enables the real-time settlement of money transfers in 3 to 6 seconds ensuring a child is rewarded instantly 3 qualities that guarantee piggy-wallet for future usefulness Piggy-banks should be interactive, useful and safe — which is why we made a piggy-wallet instead of just another “digital piggy-bank”. 1. Future-proofing financial education People teach their children about finance, earning, saving, modelling and spending, a few cents and dollars at a time , something normally done with physical money and 1 pocket change. Our ambition is to establish a new standard in financial education for children, and a system designed not only to survive the demise of physical money, but also to embrace the realities of a rising token economy, thus future-proofing the piggy-bank by combining the best in blockchain technology, digital banking and IoT technology. 2. Empowering families as microfinancing networks The financial education of child is, at its core, a micro-financing activity. It begins in early years, with small amounts of physical money drip-fed into a physical receptacle as rewards for good behaviour, and, once accumulated, used to purchase a desired good or service. This usually involves the entire family, making the family by default a micro-financing network. Accelerating cryptocurrency uptake It is believe that a generation of children growing up with cryptocurrencies can be an enormously powerful force for change. Pigzbe doesn’t just aim at empowering families and children financially, but also at educating them about modern programmable money. Pigzbe and Wollo also possess the potential to provide unprecedented access to the cryptocurrency ecosystem for entire families. 3. Wollo utility token (WLO) Wollo is the Pigzbe network’s native token, and it enables the saving and playing experience within our application. A specific community can be built around Wollo, connecting children with family and loved ones.

crypto_currency

Pigzbe utilizes the blockchain to profit exchanges inside families borderless, safe, and moment. By opening the capability of globalized families as small scale financing systems, Pigzbe shows kids about cash in the 21st century.

9ec2pl

Pigze Profer Solution to the Limitations The solutions include the introduction of

Wollo — reduces the cost of money transfers to a fraction of a cent making it possible to send small sums to children Pigzbe — helps families to create borderless micro-financing networks, providing international reach to over 180+ countries Wallet — enables the real-time settlement of money transfers in 3 to 6 seconds ensuring a child is rewarded instantly 3 qualities that guarantee piggy-wallet for future usefulness Piggy-banks should be interactive, useful and safe — which is why we made a piggy-wallet instead of just another “digital piggy-bank”. 1. Future-proofing financial education People teach their children about finance, earning, saving, modelling and spending, a few cents and dollars at a time , something normally done with physical money and 1 pocket change. Our ambition is to establish a new standard in financial education for children, and a system designed not only to survive the demise of physical money, but also to embrace the realities of a rising token economy, thus future-proofing the piggy-bank by combining the best in blockchain technology, digital banking and IoT technology. 2. Empowering families as microfinancing networks The financial education of child is, at its core, a micro-financing activity. It begins in early years, with small amounts of physical money drip-fed into a physical receptacle as rewards for good behaviour, and, once accumulated, used to purchase a desired good or service. This usually involves the entire family, making the family by default a micro-financing network. Accelerating cryptocurrency uptake It is believe that a generation of children growing up with cryptocurrencies can be an enormously powerful force for change. Pigzbe doesn’t just aim at empowering families and children financially, but also at educating them about modern programmable money. Pigzbe and Wollo also possess the potential to provide unprecedented access to the cryptocurrency ecosystem for entire families. 3. Wollo utility token (WLO) Wollo is the Pigzbe network’s native token, and it enables the saving and playing experience within our application. A specific community can be built around Wollo, connecting children with family and loved ones.

crypto_currency

Pigzbe is a part physical and part digital piggy-wallet for children aged 6 and up, powered by Wollo, your child’s first cryptocurrency. Think of Pigzbe as a friendly, tangible financial assistant that will teach children the principles of modern money in an exciting and safe system that harnesses children's natural drive to learn through self-correcting, practical experimentation.

9ec4q4

Security of Pigzbe App

The Pigzbe DApp is designed to have an extremely limited attack surface. It will support high scalability to meet the demands of a consumer-facing product. A family’s Wollo tokens are always stored in the public, distributed ledger and are not accessible by the Pigzbe organisation, and they can can be transferred or exchanged without the use of the Pigzbe app by using existing wallet software.

crypto_currency

**Wollo** is Pigzbe’s native token, and when used with the Pigzbe digital wallet provides  an effective, age-appropriate learning experience for children, while enabling  families to come together as microfinancing networks.

9ec4q4

Security of Pigzbe App

The Pigzbe DApp is designed to have an extremely limited attack surface. It will support high scalability to meet the demands of a consumer-facing product. A family’s Wollo tokens are always stored in the public, distributed ledger and are not accessible by the Pigzbe organisation, and they can can be transferred or exchanged without the use of the Pigzbe app by using existing wallet software.

crypto_currency

PİGZBE System configuration (including the authorisation of new WiFi networks) may be carried out over Bluetooth from the Pigzbe mobile application. The hardware takes advantage of LE Secure Connections (introduced in Bluetooth 4.2) to ensure an authenticated and secure connection between the Pigzbe device and the mobile application, using the LED matrix to support the Numeric Comparison association model.

l8nntv

By popular demand: official “I hate Robinhood and want a new broker thread”

Honestly, I didn’t want to post this myself since there’s probably two dozen of these posts in the queue, but all of the recent ones look like they’re written by 8 year olds. Normally this belongs in the daily advice thread, but because of recent events and concerns over Robinhood’s ability to serve customer(I been telling y’all for years) we can have a thread in it So here we are: recommend and discuss brokers, fees, features, mobile apps, whatever. In general I think everyone is best served by Fidelity, Schwab, or Vanguard. TD is another major player but for those unaware they are in the process of being acquired by schwab. All three of those actually have phone numbers where you can call and speak to a person about your account. For the younger crowd; a phone call is similar to voice to text, but instantaneous. Also, feel free to chat apps or whatever too, E: [here is an overview of what happened with Robinhood](https://reddit.com/r/investing/comments/l7t4pg/an_explanation_of_why_robinhoodapp_nonnefariously/). No conspiracy theories or anything included, just a technical explanation. Also, [my comment and subsequent conversation around liquidity concerns at Robinhood](https://reddit.com/r/investing/comments/l7qlfh/_/gl88dzj/?context=1) Please note - I don’t have any special insight here, this is strictly my and others interpretation of the tea leaves. Feel free to discuss, and explore other interpretations. Whatever broker choice you make is up to you, the important thing is that it is an educated choice since it’s ultimately your money. #**No referral codes. Posting a referral code will result in an immediate no questions asked permanent ban** Thanks.

investing

Here are all the brokers to avoid, FYI: * Robinhood * Interactive Brokers - [for anyone arguing with me that they only restricted options cause "the company said so"](https://ibb.co/r6JRfFq) * Merrill Lynch (Bank of America) [link](https://www.streetinsider.com/Momentum+Movers/Merrill+Edge+said+to+have+put+restrictions+on+trading+in+AMC+Entertainment+%28AMC%29%2C+GameStop+%28GME%29/17879212.html?classic=1) * Trade Republic (German) * IG Group * Revolut * EToro * TD Ameritrade -- (restricted buying/selling options, however), [reports of accounts getting incorrectly flagged for fraud lately](https://www.reddit.com/r/tdameritrade/comments/l7t60b/td_ameritrade_locked_me_out_for_fraud_detection/), [lots of other suspicious behavior](https://www.reddit.com/r/investing/comments/l8nntv/comment/glgtwpg) * ETrade [news story says they restricted](https://www.theverge.com/2021/1/28/22254863/etrade-gamestop-amc-stock-reddit-wallstreetbets-robinhood).. getting a lot of mixed messages on this one. Some saying they did restrict, others saying they didn't. [They did at least restrict market orders](https://www.reddit.com/r/investing/comments/l8nntv/comment/glgkpqh). Best to be safe. * Stake -- extremely harsh restrictions on buys, making them very difficult to safely and correctly execute * Alpaca -- [used to use APEX, but not anymore](https://i.imgur.com/AnJBH74.png) * ~~Freetrade~~ -- their FX provider & bank have disabled US buy orders [link](https://imgur.com/a/6GjPi9n) * ~~Saxo Bank~~ -- getting conflicting reports, so take this one with a grain of salt. * ~~Trading212~~ -- restricted by their intermediary, Interactive Brokers * ~~Ally Financial~~ -- blamed their clearing firm, APEX, [users reporting other issues with Ally](https://old.reddit.com/r/investing/comments/l8nntv/by_popular_demand_official_i_hate_robinhood_and/glhtkab/) * ~~Stockpile~~ -- clears all trades through APEX * ~~Public.com~~ -- blamed their clearing firm, APEX * ~~Webull~~ -- blamed their clearing firm, APEX * ~~SoFI~~ -- blamed their clearing firm, APEX * ~~Stash~~ -- blamed their clearing firm, APEX * ~~Tastyworks~~ -- blamed their clearing firm, APEX * ~~M1~~ -- blamed their clearing firm, APEX Crossed out brokers means they were ordered to stop permitting new positions in the meme stocks -- it wasn't necessarily a decision that they were happy to comply with, but they were strong-armed into it. Here are the brokers that **DIDN'T** restrict trading (these are the good guys): * Fidelity * Vanguard * Charles Schwab -- had maintenance probs first 30 min of trading Thurs, across ALL stocks... Did NOT restrict * JP Morgan You Invest * Trade Station * Questrade * TradeZero -- apparently even told their clearing firm to fuck off when asked to restrict new positions. Legends! * Wells Fargo (but fuck them for other reasons IMO) * [All of Us Financial](https://www.reddit.com/r/investing/comments/l8nntv/comment/glfj6nm) * Wealth Simple * QTrade * RBC * Hargreaves Lansdown * Degiro * Avanza * AJ Bell * Nordnet -- [one (probably newbie) comment says he got blocked; everyone else denies](https://www.reddit.com/r/Denmark/comments/l77mym/nordnet_har_blokeret_k%C3%B8b_af_gamestop_gme/) *Edit: [Class action lawsuit against Robinhood, E-Trade and TD](https://www.desilvalawoffices.com/images/Lagmanson-et-al-v.-Robinhood-Markets-Inc.-class-action-complaint.pdf)*

jq92lx

For those of you who are in your 30s earning 24k does this sub make you feel like a failure as everyone on here seems to be rich ?

Interested to hear from people earning normal salaries in comparison to the rich lawyers, bankers, trust fund babies on here. I always thought how could someone earning 24k live in a place like London but it must happen as not everyone is on a 50k salary.

UKPersonalFinance

The sub is pretty self selecting though. Being about personal finance, it's largely going to attract people at the extremes (either in a lot of debt and seeking advice or with a lot of spare income and seeking advice). Comparison is the thief of joy as they say, and even the people earning lots in London fin techs will find people earning more than them if they look for it. I think its important to just compare yourself to yourself a year ago, rather than to other people in other careers and locations. If you're not happy with your progress then questions are fair, but don't seek to make yourself unhappy with unfair (to yourself) comparisons!

nbrwhl

I think I’m done

The $10k I put into eth over the past 18 months is worth about $75k at the moment. I am considering selling at least half today, to lock in some gains, but may just sell all of it. I come from modest means and have modest expectations in terms of lifestyle. 65k in profit is not exactly a life changing amount of money, but it’s a lot, even after taxes, and not something I’m comfortable risking any more. I fully recognize that eth will probably be worth more in the future, but this is eth *trader* after all, not eth holder. This is a good trade. Putting a down payment on a house this summer is my personal moon. I salute those of you who have the courage to power thorough long term. Please hire me as your butler in 10 years.

ethtrader

Dude, good for you! I put in around $10,000 back in 2017 and when ETH hit ~$1,400, I was up to $70,000. But I held and rode it back down to like $6,000 over the next few years. I've since rebounded back over $200k, but there's no guarantee! Take your profits if you want to because it could all disappear tomorrow.

huq4v9

How should I make money? I need help Please!

I am a 13-year-old and I am trying to make some money for my mom because she is a single mom and I want to help her with the bills because I hate to see her so stressed. Please leave suggestions in the comments please! it would really help

Money

Best thing you can do until you are old enough to work is make all her stress worth it for her. Get killer grades in school and help around the house as much as you can. The smarter you make yourself now they easier you'll make both your lives in the future.

rh7c6c

In-laws who are not as well off as us want to pay for our kids college.

We already have enough money set aside for college for our 4 young kids (10+ years away from college). My in laws have come forward that they want to pay a large portion of kids college, and want to begin a fund for them. They are not as well off as us, and I’m sure putting this money towards our kids would be taking it away from somewhere else they can use it. They genuinely want to do it, and their parents did the same and they are big on keeping with traditions. They also have several other grandkids I’m assuming they’ll be doing the same thing. I don’t want to take this money, and I don’t feel right letting them do it, but Do I just let them do it because it’s important to them? They don’t know specifics of our financial situation, but I’m sure they have a good idea that we could easily afford college.

fatFIRE

We let my parents fund education savings accounts for our kids, and we're going to make sure our kids appreciate it. Then we bought them a house down the road from us on a Caribbean beach, and take care of first-class round-trips to be here for half the year. Gifts have meaning for both giver and recipient, and that meaning can be valued and appreciated without it being a financial necessity.

lj2twq

What do you do as an economist?

Hi, I'm majoring in economics and I'm on a class about what economist do professionally speaking. So if someone can answer this 4 questions it would mean a lot to me. ​ 1) In which sector or company do you work? 2) What is your function/position in that company? 3) For what do you use what you learned at college about economics(macro, micro, econometrics, etc)? 4) What is the biggest challenge of your job? ​ Thanks a lot, your answers won't be published anywhere is just for me to write a summary and no real names would be used neither.

AskEconomics

1) I work for the federal government (legislative branch) 2) My title is Senior Economist. I work on reports based on request letters from Congress members. My duties range from scoping questions, figuring out how to address the questions with available data and methodology, collecting and analyzing evidence, writing the report, and presenting the report to requesters. 3) I use econometrics and the associated coding skills the most out of the skills I learned in undergrad and PhD. Occasionally there is some micro and/or macro as we think through causal chain of effects. Also, the topics I work on fall into labor, education, and public economics. 4) The biggest challenge is trying to get buy-in on complex methods from team members without an economics background. However, this is usually beneficial to the report as it helps me thinking about writing for a more general audience including most of Congress, who don't have a degree in economics. DM me if you have any questions about these or want more details.

w899um

Stop listening to Dave Ramsey likes he’s a guru. Our generation needs better advice than that of this man and Jim Cramer

I see more and more people that “swear” by this guy and his advice. Did you know he filed for bankruptcy? If everyone could pay for everything with cash, the whole world would be millionaires. Rather than listen to this clown’s basic advice you should have gotten in elementary school, go read “The Richest Man in Babylon” https://www.reddit.com/r/personalfinance/comments/19wsz5/how_do_you_guys_feel_about_dave_ramsey/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Money

Dave Ramsey offers great advice and his teachings have made many people millionaires. I dont agree with his no credit cards take but I'm my own person and I take the good advice and leave out the bad. The Richest Man in Babylon great book.

9eqful

Overview of Pigzbe

Pigzbe goal is to help children and their families learn the principles of 21st century finance through cryptocurrency savings and hands-on play. Financial literacy will be an important 21st-century skill, and finding ways to introduce earning, saving and managing money principles at a young age will help children begin to develop these necessary skills. Pigzbe is a digital piggy-wallet for children aged 6 and up, powered by Wollo, your child’s first cryptocurrency. Think of Pigzbe as a friendly, tangible financial assistant that will teach children the principles of modern money in an exciting and safe system that harnesses children's natural drive to learn through self-correcting, practical experimentation. Wollo is Pigzbe’s native token, and when used with the Pigzbe digital wallet provides an effective, age-appropriate learning experience for children, while enabling families to come together as microfinancing networks. Pigzbe is here to contribute to the building of an open, decentralised world where financial education is accessible to anyone, anywhere. Our goal is to accelerate the uptake of cryptocurrencies globally with a token, and a product, designed to empower the young and young at heart. Pigzbe combines the latest in connected technology, tangible interface design, and blockchain technology to reach an a new generation of children and families by ushering in a new piggy-banking paradigm powered by their children’s first cryptocurrency and wallet. https://www.pigzbe.com/

crypto_currency

Pigzbe piggy-wallet has been specifically designed to establish and reinforce the behaviours that turn into smart financial practice. It takes 60 days of repeating an action to form a habit, and the game mechanics of app are tailored to hit that learning sweet spot.

9xeufz

Swachhcoin Proposed Solution

It is not a hidden fact that the global waste management problem  we face cannot be tackled by a handful of people or organisations. The willingness and contribution of the mass is the key in successfully achieving our objective. The best way to encourage people to properly manage their wastes will be to incentivize them monetarily for proper waste disposal and raise their awareness about the issue. This is the core of the solution Swachhcoin offers. Also, it is a scientifically proven fact that the amount of high-economic-value outputs that can be obtained from the accumulated wastes is tremendously reduced due to various types of waste being intermixed, thus degrading the unique property/individuality of the same. Swachhcoin will implement waste segregation at source in SWBIN to eliminate this problem. The traditionally running waste management industries  have poor infrastructure and the archaic technologies available to them greatly limits their operational abilities. Swachhcoin will eliminate this problem and take the technological abilities of the company to the state of the art level, thus increasing their profits significantly. The additional revenue obtained from deploying technologies such as AI, Big Data, IoT and Blockchain will increase their efficiencies and profitability, thus the additional capital invested in upgradation will be justified over a certain period of time. The cost of these additional investment will also be covered from ways that are currently absent in this sector such as revenue obtained from advertisement (on SWBIN). With the help of extensive research and development, a complete business plan, including break even point, will be made available by Swachhcoin to the adopting industries thus breaking the barrier of technology adoption.

crypto_currency

Lots of Plastics Around 8 million metric tons of plastic ends up in the oceans every year which isequivalent to five grocery bags of plastic trash for every foot of coastline around the globe. Only 9 percent has been recycled. The vast majority - 79 percent - is accumulating in landfills or sloughingoff in the natural environment as litter and at a point, much of it ends up in the oceans, the final sink.

udjtls

What are some good decisions you have made with your money that are different then the typical investment advice?

I have quite a bit of savings now, as well as a pretty good stock portfolio. What are some things I can do with the savings besides throwing it into the market (which I believe has some correcting to do)?

Money

I spent it. And I continue to spend it. I make a blue collar income. I have a have home with a mortgage. I have car paid off and it gets me to and fro. I have less than 20k saved for retirement and I’m 40 years old. But life is fragile. Tomorrow is never promised. I give stuff to my kids now. I buy stuff I want now and go places I’ll make memories with. Because investing and accumulating wealth in order to try enjoy it when your health and bones likely won’t cooperate is the biggest gamble in life. Even worse than dying with money in the bank is if the government or your family fights over your life’s work. Spend it. Life is short. Enjoy it while you can.

lck7nt

Here are the answers to all your questions

- We don’t care if you’re coming from wsb or anywhere else. Nobody cares. Stop making a big deal out if it. - Stop posting what you learned from the GME shitstorm. They’re all common sense. Go to r/gme_meltdown for that shit. - Stop posting 80% returns in the last 3 months and title it “Thetagainz”. We all know you either yolo OTM calls or sell put credit spreads that could have blown up your account in 1 bad trade. Ask yourself this: how many consecutive bad trades of max loss that your strategy can hold up? If the answer is anything less than 20 then stfu. - If you didn’t want to sell the stocks, don’t sell covered call. Stop asking. - No, there isn’t a way to save your $400 GME calls. - Weekly or 30-45 dte is totally up to you. There’s no magic formula. - No we don’t know how much capital you need to consistently make $2k gainz a month. Just do the math yourself. - No 10% weekly return is not realistic. Yes, you’ll try it anyways. Go ahead, nobody gives a shit. - No we don’t think we’re any better or worse than wsb. We’re all here to make money, whatever ways fit us. If you thetagang by selling MARA ITM CSPs with 5x leverage, do you. - There is not a particular brokerage that’s made for Thetagang. You can do that shit with any brokerage.

thetagang

"If you don't want to sell the stocks, don't sell a covered call." This. I see people all the time that are whining because their stock blew past their strike price and will probably be exercised. Funny thing is they got max profit for their trade. Learn what you're doing before you do it. Set a strike you'd be ok selling at.

lolulz

Would boycotting companies who use child labor or other inhumane businesses practices help the employees be treated better, or would it just lead to them being unemployed and even worse off?

I hear lots of people calling for a boycott on companies like Nestle or Apple, because those companies are often tied to child labor and inhumane working conditions in foreign countries. And obviously child labor and sweatshops are despicable, but I’ve always wondered: if these boycotts became widespread enough to start affecting the company, would they actually start treating their employees better? Or would they just like, fire them all? Do boycotts help improve the conditions of mistreated workers, or do they just lead to them being unemployed and even poorer? (This is probably the dumbest and most ignorant question ever, but I don’t take AP Macro til next year and I kinda don’t know a lot about the global supply chain)

AskEconomics

Far from being dumb or ignorant, it is indeed a very intelligent and legitimate question . Here is an excerpt from a paper that investigates this issue: "A common perception is that most child laborers work for wages in the formal sector, conjuring images of children working long hours in sweatshops or toiling away in mines. As a result, consumer boycotts and trade sanctions against products using child labor as an input are often discussed as means of reducing the incidence of child labor. In reality, however, such methods may have little impact for several reasons. Firstly, nearly 70 percent of working children are active in the agricultural sector, rather than manufacturing (ILO, 2006). Secondly, very few children work for wages outside the home; rather, most children are employed by their parents on the family farm or enterprise (Edmonds and Pavcnik, 2005). As a result, the majority of child laborers will not be affected by boycotts and trading sanctions. Further, children working in the affected sectors may simply relocate to an unaffected sector. Similarly, an outright ban on child labor would in most cases be difficult, if not impossible, to enforce and as such would likely to have little effect on the overall incidence of child labor. In the worst case, a ban could end up making some children significantly worse off if these children are compelled to work in order to keep themselves and their families out of extreme poverty. This is not to say that bans are never motivated; clearly a ban on illegal and hazardous activities is desirable. However, additional policy instruments are necessary in order to effectively combat child labor." [https://gupea.ub.gu.se/bitstream/2077/18369/1/gupea\_2077\_18369\_1.pdf](https://gupea.ub.gu.se/bitstream/2077/18369/1/gupea_2077_18369_1.pdf)

re2hbt

How does old money stay wealthy?

The traditional story is: First generation starts poor, is hungry, frugal and hard-working. Given the right conditions and luck (plus their innate hardwork and intelligence), they become wealthy. The second generation sees this struggle as they grow up. They benefit from this wealth (better education, networks, health etc) and build on it, becoming even more successful. The third generation is born into wealth, they haven't seen struggle and take success for granted. Lacking hunger and discipline for hardwork, and having a penchant for power and enjoyment, they start to squander wealth. Presumably the cycle starts over. But looking at families mostly in Europe, there's tons of families that have been wealthy for hundreds of years generation to generation. How do they do this and avoid the above cycle?

fatFIRE

People here might not like it but: Family culture and strict traditional upbringing for future generations. You can have all the money in the world, but all it takes is for junior to grow up to be an entitled prick playboy one time and it can all be lost overnight. Most old line families instill charity, hard work, and at least some degree of real world responsibility in their children from an early age. Think the royal family continuing to enlist their heirs in the military even during active conflicts.

mr8835

I have a gambling addiction. Don't fucking t+2 if you can't afford it.

The highs, oh the fucking highs of it paying off, and the stress when it doesn't. At the start of the year I took the 5k available in my redraw out of my homeloan, I thought I was smart and could invest and earn more than I was going to save in interest. I was wrong, because I'm an idiot, with no self control. For a few weeks it was going great, I was having some wins and some losses and overall I'd made about 2k by the start of March. It fell apart. I made some bad moves, I started losing money on t+2, my worst was a 6k loss. I stopped for a few weeks, I regained my composure I started t+2ing again. It went from bad to worse, I had to apply for 3k pay day loan to get myself out of hot water. I didn't learn my lesson. I went in again, my final move, I t+2d on QEM at 2.45 on Thursday the 25th. I was a dickhead. I was an even bigger dickhead when I didn't sell out at 2.4 on Monday around 3pm. A bigger dickhead again when I still hadn't sold by 11:13 on Wednesday the 10th. Tommie sold my shares for 3k loss. He took the $800 sitting in my bank account. A week later, I'm in negotiations with Tommy for a payment plan. My account is being closed. I've lost 11k, maybe more with the little top ups I did when things were good. IF YOU DONT HAVE THE MONEY DON'T DO IT. I haven't slept in weeks, I've gotten a second job to get back to where I was, don't be dickhead. **EDIT** Tommie has spared my knee caps and is giving me an interest free payment plan. I had to cry to 4 people to achieve this. My account is closed and I'm not welcome back.

ASX_Bets

Someone will read this, and recognise the danger signs. It's a shit thing that happened to you but you're doing a really good thing by sharing the outcome. I have seen a few new people quietly sinking beneath the waves in the dailies. The fucking GME thing has really given some people a false expectation, and it's horrible to watch reality eat them alive. A story like yours might just stop a couple more stories like yours from happening. I won't touch t+2, Not because I'm clever, but because I know that I'm *not*. I've been a fucking idiot for long enough that I know I would get myself in trouble with it. Personally, I think it's a pretty shitty thing for commsex to offer all this leverage to all and sundry. You've done the right thing addressing it as forthrightly as possible and making arrangements to climb out. You'll be back on your feet in time and I wish only the best for you.

mkgomd

Synopsis of 05-04

Hey everyone, As most of you have heard by now I was put in a position where I was forced to resign as a moderator ​ The past few weeks have been hard on the mod team, there where some problems and everyone has made some errors. ​ For me personally it came last week when I got a slew of messages of people complaining about another moderator, yournameisc00l being banhappy, and there was something wrong with the discord as well. and a moderator trying to show off power by removing my posts as well. ​ when I confronted c00l I wasn't getting any answers on any regards, flat out stating he would wait on the others. This in turn made me very paranoid as all hell. Then checking out the discord suddenly all the channels where gone for me except the one specifically made for me to take notes on DD. Knowing that channel was only visible to moderators I demanded answers now and did a @ everyone. As far as I know this will only give a message to the moderators, but apparently this gave a server wide message to every user ,which is weird because as far as I know only mods can view mod channels. Then I also reacted to a comment here on the sub, saying I have no clue what's going on with the Discord server, I am no longer a moderator there but I'll look into it. <this made a big problem apparently and was asked to delete it, so I did along with the message on discord. and then got flack for deleting the message on discord because it made it so that there was confusion. If that message did go out to everyone in the server I am very sorry, but given the laissez faire attitude I was getting from mr c00l and getting no responses from everyone my paranoia kicked into overdrive because I foresaw this as a WSB 2.0 situation. ​ This in combination with the "nahuh I'll wait for the rest" attitude of mr cool had left me to take away his mod powers until the rest of the group could chime in. (something the rest would do to u/redchessqueen99 once I was ill this past weekend.) Now this same mod also banned Warden, I told the rest no wait because I wanted to talk to them and warden to make sure we could resolve this situation to at least not end in a permaban, as I did see it as a mistake at the time, as I believe there should be some communication going both ways and I do think context matters.Later I called for a meeting, stating I no longer believed mr c00l had the best interest of the sub in mind. ​ they claiming I was a bad team player, which a case could certainly be made for, that I was self-aggrandizing which I don't agree with and saying I was doing this for self serving things which... again I don't personally see. These things have lead the rest of the mod team to "vote" to kick me out, this was not a choice made by me but for me, I even wanted to stay on with limited mod powers to be able to at least help in some way or form. but no dice. and was asked to resign as a mod myself because of public image. ​ I do have to state, I do however respect Chickthief and thr0wthis4ccount4way, the two mods I have no clue on how the new mods from discord are as I had 1 or 2 sentences I talked with 0Wl and he was very nice to me. I was always transparent with everyone here and would like to continue in doing so, thereby my writeup here and now. I fully expect to be banned for speaking out, even though it's factually, and realize this could be my last post on r/GME ​ I will most likely take my time and think about where I want to go from here, and am contemplating if I should continue with my daily's or not, as my intentions never changed but because I got kicked from the mod team it has given me food for thought. I wish everyone here the best regardless, I will be 💎👐 no matter what. If I do end up getting banned I will most likely be in r/Superstonk r/Spielstopp or another one.Again I first need to figure out if I even want to do it anymore, and I'll be posting this message to both. I wish everyone the best as always my personal twitter is [https://twitter.com/rensole](https://twitter.com/rensole) ​ Edit: r/gme has already deleted my post so... [https://www.reddit.com/r/GME/comments/mkgolv/synopsis\_for\_0405/](https://www.reddit.com/r/GME/comments/mkgolv/synopsis_for_0405/) It was removed because of "promotion" and "tagging the mods, as you can see for yourself in the above message (it was copy pasted) there is no promotion or tagging of mods. Make from this what you want :) ​ EDIT 2: I've just heard the mods of r/gme are getting death threats # DO NOT DO THIS Seriously regardless how you think of them, that is NOT the way we do business. I will not stand for that, I've received threats like this, pixel has and they are horrible. Regardless of how you feel about them be adults. They don't deserve threats, if you disagree with them disagree as an adult and voice your concerns. anyone posting death threats to anyone will get a permaban from me personally. To the mods of r/gme I am truly sorry you have to deal with this and I hope you know I am not ok with these messages in any way shape or form.

Superstonk

Do the dailies Rensole. The lurkers love them I promise Edit 1: never had notifications from Reddit before. Thanks apes. Just threw this comment down without thinking but now it’s got traction it’s more important to say, Rensole - Get well soon, and do the dailies when your ready, because we will all be waiting Edit 2: Rensoles post on GME removed. As I’ve already spoken too much, I’ll go further and say this is beyond a stock now. Whilst I understand GME mods want to keep it about the stock, apes have bought, held, and moved together. The stock brought the family of apes together, the family of apes stay strong together. Doesn’t matter what sub, we follow the silverbacks.

nbrwhl

I think I’m done

The $10k I put into eth over the past 18 months is worth about $75k at the moment. I am considering selling at least half today, to lock in some gains, but may just sell all of it. I come from modest means and have modest expectations in terms of lifestyle. 65k in profit is not exactly a life changing amount of money, but it’s a lot, even after taxes, and not something I’m comfortable risking any more. I fully recognize that eth will probably be worth more in the future, but this is eth *trader* after all, not eth holder. This is a good trade. Putting a down payment on a house this summer is my personal moon. I salute those of you who have the courage to power thorough long term. Please hire me as your butler in 10 years.

ethtrader

Obviously your reacting to the recent events. You may want to step back and reevaluate. There are so many positive things on the horizon and after all the price only fell a few hundred dollars. I think that's a testament to the strength of Ethereum. Not trying to talk you out of or it into anything. But you are reacting immediately after the dip. There was a guy here a few weeks ago who sold at $2300. If he waited about 3 more weeks he would of profited another $250k. We've been waiting a long time to get to critical mass where Ethereum just takes off. I think it's close and I hate to see anyone make a poor decision. The fundamentals of Ethereum have not changed in fact they are stronger than ever. Best of luck to you and I just wanted to add my 2 cents

gcoxw3

Why the hell do we have rent control in various cities when economists mostly agree it’s not good?

This is driving me crazy just from confusion. In like 90% of books and sources I read, experts say rent control creates scarcity, it does the opposite of its desired effect essentially. I’ve seen that when rent control was put into place in various cities it immediately lead to less housing development. I’ve seen that it causes landlords to not care about upkeep, it causes abandoned buildings occasionally cause they weren’t profitable, and I read it can lead to construction of more luxury buildings where rent control doesn’t apply. In that last case it seems like this system that tries to help the poor in fact helps the rich. Yet I still see politicians advocating for it and it still exists in places around the world. What the hell am I missing? People don’t seem that upset over this and I don’t get it lol.

AskEconomics

See my username. It is bad for society, bad for new/future residents, bad for a city as a whole. That's basically the economic story, but I don't think you are asking why it is bad. So why do we have it? Because it is great for for current renters and current renters vote. They outnumber landlords (many landlords probably don't even live in the same local political zone as their properties) and are easily moved by self-interest. Nobody likes paying rent, so it is really easy to vote for a candidate who is going to keep yours down. Why does it continue in places where it is having a clear adverse effect? Same reason basically. The local tenants control who gets elected. Any long time resident is heavily benefiting from rent control so they want to to stick around. The people who are harmed most, such as those who can't find an apartment, don't live there and don't vote in the district. Second answer is just that a lot of people don't understand. They see super high rents in non-rent controlled units and see it as evidence that rent control works. Instead of blaming the rent controlled units for the problem, they get jealous and wish they had one themselves... They aren't going to vote against the thing they aspire to eventually have! But mainly I think the story is that in most places with rent control, renters control the politicians who wrote the laws rebuilding rent. They vote their own self interest and the politicians follow. edit: last night after posting this I listened to the rebroadcast [Freakonomics podcast about rent control](https://freakonomics.com/podcast/rent-control-rebroadcast/). Really good listen if you are interested in this stuff.

lbqzep

Michael Burry's Investment Strategy

This will be long....Sorry in advance. I decided I'd like to research Michael Burry since I've seen so many people talking about him on here and this is just what I've discovered about him and his methods. **Quick Facts:** * Founder of hedge fund Scion Capital 2000-2008. Closed to focus on personal investments * Best known for seeing the subprime mortgage crisis (2007-2010) and profiting from it * Investment style is built upon Benjamin Graham and David Dodd’s 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety." **Strategy:** * Michael Burry's strategy as he states is not very complex. He tries to buy shares of unpopular companies when the look like roadkill, and sell them when they've been cleaned up a bit. Lets take a look at his Q2 2020 Positions, top buys, and top sells. There are a few that are not big surprises but check it out. |Stock|Shares|Market Value|% of Portfolio| |:-|:-|:-|:-| |GOOG / Alphabet Inc Class C (CALL)|80,000 | $113,089,000 | 35.87 | | FB / Facebook Inc (CALL) | 93,200 | $21,163,000 | 6.71 | | BKNG / Booking Holdings Inc (CALL) | 11,600 | $18,471,000 | 5.86 | | GS / Goldman Sachs Group (CALL) | 73,600 | $14,545,000 | 4.61 | | GME / Gamestop Corp | 2,750,000 | $11,935,000 | 3.79 | | WDC / Western Digital Inc (CALL) | 270,000 | $11,921,000 | 3.78 | | BBBY / Bed Bath & Beyond Inc | 1,000,000 | $10,600,000 | 3.36 | | DISCA / Discovery Inc | 500,000 | $10,550,000 | 3.35 | | TCOM / Trip.com Inc | 325,000 | $8,424,000 | 2.67 | | QRVO / Qorvo Inc | 75,000 | $8,290,000 | 2.63 | * **Top Buys** * GOOG / Alphabet Inc Class C (CALL) * FB / Facebook Inc (CALL) * BKNG / Booking Holdings Inc (CALL) * GS / Goldman Sachs Group (CALL) * WDC / Western Digital Inc (CALL) * **Top Sells** * Jack / Jack In The Box Inc * FB / Facebook Inc * BA / Boeing Inc * MAXR / Maxar Technologies Ltd * QRVO / Qorvo Inc Mr. Burry's weapon of choice is his **research** and that it's critical for him to understand a company's value before laying down a dime and that 100% of his stock picking is based on the concept of margin of safety introduced in the book "Security Analysis" which I am reading through right now and dang is it huge lol. He also states that he has his own version of their technique, but that the net is that he wants to protect his downside to prevent permanent loss of capital. Specific, known catalyst are not necessary. Sheer, outrageous value is enough. He cares little about the level of the general market and puts few restrictions on potential investments. They can be large-cap stocks, small cap, mid cap, micro cap, tech or non-tech and finds out-of-favor industries a particularly fertile ground for best-of-breed shares at **steep discounts**. **How does he determine the discount?** * Focuses on free cash flow and enterprise value (Market capitalization less cash plus debt) * Screen companies by look at enterprise value/EBITDA ratio. Accepted ratio varies with the industry and it position in the economic cycle * If stock passes loose screen, looks harder to determine specific price and value of a company * Takes into account off-balance sheet items and true free cash flow * Ignores price-earning ratios * Return of equity is deceptive and dangerous * Prefers minimal debt * Adjust book value to a realistic number * Invest in rare birds - asset plays, and to a lesser extent, arbitrage opportunities and companies selling at less than two-thirds of net value * Will mix in with companies favored by Warren Buffet **IF** they become available at good prices. Deserving of longer holding periods. **How many Stocks does he hold?** * Likes to hold 12 to 18 stocks diversified among various depressed industries, and tends to be fully invested. Provides enough room for his best ideas and helps with volatility. * Feels volatility is no relation to risk. **Tax Implications** * Not concerned much about tax. Know his portfolio turnover will generally exceed 50% annually, and at 20% the long-term tax benefits of low-turnover pretty much disappear. **When he buys** * He mixes barebones technical analysis into his strategy. * Prefers to buy within 10% to 15% of a 52-week low that has shown itself to offer some price support. If a stock other than a rare bird breaks a new low, in most cases he cuts the loss. * Balances the fact that he is turning his back on potentially greater value with the fact that since implementing this rule he hasn't had a single misfortunate blow up his entire portfolio ​ >In the end, investing is neither a science nor an art - it is a scientific art. ​ **Works Cited** [https://acquirersmultiple.com/2020/08/michael-burrys-top-10-holdings-q2-2020-plus-top-buys-sells/](https://acquirersmultiple.com/2020/08/michael-burrys-top-10-holdings-q2-2020-plus-top-buys-sells/) [https://acquirersmultiple.com/2017/11/michael-burry-search-for-unpopular-companies-that-look-like-road-kill/](https://acquirersmultiple.com/2017/11/michael-burry-search-for-unpopular-companies-that-look-like-road-kill/) [https://en.wikipedia.org/wiki/Michael\_Burry](https://en.wikipedia.org/wiki/Michael_Burry)

ValueInvesting

Investing is neither science, nor art, it's a craft, you learn it by doing it over and over never perfecting it, but doing it better each time, there is no hardcore science, but there is no randomness like art.

l71zmm

Whether you have GME or not, this manipulation is a scary thing. It’s not right and we can’t let them win (HOLD GME!)

I know a lot of this sub obviously just trades Canadian stock which is alright. But brokers restricting our ability to buy more GME creates a scary precedent that no matter how screwed hedge funds are, they can still cheat their way out of it. A quick summary of the situation is this. Billionaires shorted the hell out of GameStop. Basically that means they borrowed millions of shares, sold them right away in hopes that they later buy them back when the price goes down. They bet on the price going down, and at this point literally owe more shares to the brokers they borrowed them from than there currently are available to trade. Aka they dug themselves into a huge hole, even doubling down as the price got higher and higher. When they finally have to buy all those shares back, it will create a short squeeze which means the price spikes up and they buy at whatever price they can (which could even be north of 1k). The only weapon they had was scaring people into selling by lying, getting media to spew bullshit, etc. There was no way out until... This morning a bunch of brokers restricted our ability to buy more GME! This created panic selling so they could get out of the short squeeze without going bankrupt. THEY ARE STRAIGHT UP CHEATING, THIS IS THE MOST BLATANT MANIPULATION! Robinhood is gonna be done after this since they’re the used broker by retail traders and people are rightfully pissed off. I just ask that everyone does what they can to not let these guys win. Even if you’re just a passive investor who only holds VGRO, you should be on our side and help us out. We know these guys never pay consequences for what they do but there are too many eyes on this. We know the stock market is rigged but this maybe the biggest attempt of cheating yet. This should be something that concerns everyone. Even emailing your concerns with every broker participating in this would help out. <3 For everyone still holding GME, remember they still need to buy back all the shares they borrowed! The squeeze has not happened yet. This morning hasn’t been fun but the best thing we can do is keep holding.

CanadianInvestor

Agreed 100%, Fxxxing billionaires/institutions. This is outright market manipulation to restrict free trading in the interest of thier own or when thing didnt work out for them. Funny thing is the squeeze has not even arrived yet. Am holding all mine, regardless. This is history in the making.

le235t

GME Institutions Hold 177% of Float Why the Squeeze is not Squoze

DISCLAIMER: This post is NOT Financial Advice! This is actual DD of just statistical, cold hard facts. My previous post got removed by the compromised mods of r/wallstreetbets [I have access to Bloomberg Terminal with up to date data as of February 5 on institutional holdings. Institutions currently hold 177% of the float!](https://i.redd.it/c44cmb67mtf61.png) [How is this even possible to own more than 100% of the float?](https://www.investopedia.com/ask/answers/07/institutional_holdings.asp) Here's an example of one of the most likely causes of distorted institutional holdings percentages. Let's assume Company XYZ has 20 million shares outstanding and Institution A owns all 20 million. In a shorting transaction, institution B borrows five million of these shares from Institution A, then sells them to Institution C. If both A and C claim ownership of the shares shorted by B, the institutional ownership of Company XYZ could be reported as 25 million shares (20 + 5)—or 125% (25 ÷ 20). In this case, institutional holdings may be incorrectly reported as more than 100%. In cases where reported institutional ownership exceeds 100%, actual institutional ownership would need to already be very high. While somewhat imprecise, arriving at this conclusion helps investors to determine the degree of the potential impact that institutional purchases and sales could have on a company's stock overall. I have plausible evidence that leads me to believe there are still shorts who have not covered, and there are also shorts who entered greedily at prices that could still trigger a short squeeze event as this knife has been falling. [~1 million shares of GME were borrowed this Friday at 10 am, and a short attack occured that dropped GME from $95 to $70 over the course of 15 minutes.](https://i.redd.it/97j13bxy4pf61.jpg) [This is my source for live borrowed shares data that you can watch during market hours.](https://iborrowdesk.com/report/GME) So we still meet the first requirement for a short squeeze to even be possible, there ARE a lot of short positions taken in GME still. The ultimate question is will there be enough demand to drown the supply? Or are we going to let the wolf in sheep's clothing aka Citadel who we know is behind not only these short positions bailing them out and purchasing puts themselves (data from 9/30/20) , but behind many brokerages who ultimately manipulated the supply demand chain by removing buying...are we really going to just let this happen? What they did last Thursday was straight up criminal. Institutions move the markets more than retailers unfortunately, especially when order flows go directly through Citadel. [But it is very interesting the amount of OTM calls weeks out compared to puts. This is options expiring 3/12/21, and all the earlier expiration dates are also heavy in OTM calls.](https://i.imgur.com/mv0bo4Y.png) Max pain theory states it is in the market maker's best interest (those who write options aka theta gang) for price to gravitate towards max pain, as the strike price with the most open contracts including puts and calls would cause financial losses for the largest number of option holders at expiration. With this heavy volume abundant in OTM calls, a gamma squeeze can occur if we can get the market makers to hedge against their options. [Look what triggered the explosive movement as price blasted past the max pain strike last week, I believe this caused many bears to have to take a long position as a way to hedge against their losses.](https://i.imgur.com/NHZg0O6.png) And right now, we are very close and gravitating towards max pain strike. If there is a catalyst/company event that can cause demand to increase, I believe GME is not dead for all the aforementioned reasons above. Thank you for taking your time to read my DD, my original post on wsb was removed by the mods. MODS please don't delete! This is actual DD of just statistical, cold hard facts. My previous post got deleted, if this one does too, spread the word. Edit: This post was removed, then reinstated, and I am now banned unable to comment and post to this subreddit Edit 2: hi u/OPINION_IS_UNPOPULAR , I would comment and post but I am literally unable to on this subreddit Edit 3: I'm unbanned!

wallstreetbets

This is what we want guys. Good DD with some numbers to back it up. Don't start threads about 'Who is HOLDING'. If there is still a play on GME then let everyone decide on their on to jump on. We don't want GME Fatigue to ruin it. Thanks OP Position: 150 shares https://ibb.co/Rb2LGFW Not financial advice.

9mfd5g

Megathread: 2019 Nobel Prize in Economics awarded to William Nordhaus and Paul Romer

### "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 was divided equally between William D. Nordhaus "for integrating climate change into long-run macroeconomic analysis" and Paul M. Romer "for integrating technological innovations into long-run macroeconomic analysis."" Nobel Prize Committee * [Summary](https://www.nobelprize.org/prizes/economics/2018/summary/) * [Popular Science Background: "Integrating nature and knowledge into economics"](https://www.nobelprize.org/uploads/2018/10/popular-economicsciencesprize2018.pdf) * [Scientific Background: "Economic Growth, Technological Change, And Climate Change"](https://www.nobelprize.org/uploads/2018/10/advanced-economicsciencesprize2018.pdf) * [Press Release](https://www.nobelprize.org/uploads/2018/10/press-economicsciences2018.pdf) #### News Coverage * [NYT: "2018 Nobel in Economics Is Awarded to William Nordhaus and Paul Romer"](https://www.nytimes.com/2018/10/08/business/economic-science-nobel-prize.html) * [Guardian: "Nobel prize in economics won by Nordhaus and Romer for work on climate change and growth"](https://www.theguardian.com/business/live/2018/oct/08/nobel-prize-2018-sveriges-riksbank-in-economic-sciences-awarded-live-updates) * [Washington Post: "William Nordhaus and Paul Romer win Nobel Prize in economics"](https://www.washingtonpost.com/business/2018/10/08/two-americans-win-nobel-prize-economics/?noredirect=on&utm_term=.7d9b0c9f12be) * [FT: "Economics Nobel recognises work on climate change and innovation"](https://www.ft.com/content/b08807de-cae0-11e8-9fe5-24ad351828ab) * [BBC: "Economists win Nobel for work on climate and growth"](https://www.bbc.com/news/business-45785222) * [WSJ: "Two Top U.S. Economists Win Nobel for Work on Growth and Climate"](https://www.wsj.com/articles/nobel-in-economics-goes-to-american-pair-1538992672) * [PBS: "William Nordhaus and Paul Romer win economics Nobel for climate change, technological innovation models"](https://www.pbs.org/newshour/economy/making-sense/william-nordhaus-and-paul-romer-win-economics-nobel-for-climate-change-technological-innovation-models) This page will be expanded with additional news coverage and commentary as the day progresses. Please direct all Nobel discussion here.

Economics

My Micro professor told us about the time he was in a graduate class being taught by Paul Romer. One day he (my professor) was a little nervous and antsy, and also happened to be wearing a very eye-catching yellow jacket. He wasn't really paying attention to what Professor Romer was lecturing the class about, and when Romer asked him to answer something he practically jumped in his seat and yelled "I don't know! I don't know! You're the professor, you tell me!" Then he said he liked him and thought he was an awesome instructor.

lbqzep

Michael Burry's Investment Strategy

This will be long....Sorry in advance. I decided I'd like to research Michael Burry since I've seen so many people talking about him on here and this is just what I've discovered about him and his methods. **Quick Facts:** * Founder of hedge fund Scion Capital 2000-2008. Closed to focus on personal investments * Best known for seeing the subprime mortgage crisis (2007-2010) and profiting from it * Investment style is built upon Benjamin Graham and David Dodd’s 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety." **Strategy:** * Michael Burry's strategy as he states is not very complex. He tries to buy shares of unpopular companies when the look like roadkill, and sell them when they've been cleaned up a bit. Lets take a look at his Q2 2020 Positions, top buys, and top sells. There are a few that are not big surprises but check it out. |Stock|Shares|Market Value|% of Portfolio| |:-|:-|:-|:-| |GOOG / Alphabet Inc Class C (CALL)|80,000 | $113,089,000 | 35.87 | | FB / Facebook Inc (CALL) | 93,200 | $21,163,000 | 6.71 | | BKNG / Booking Holdings Inc (CALL) | 11,600 | $18,471,000 | 5.86 | | GS / Goldman Sachs Group (CALL) | 73,600 | $14,545,000 | 4.61 | | GME / Gamestop Corp | 2,750,000 | $11,935,000 | 3.79 | | WDC / Western Digital Inc (CALL) | 270,000 | $11,921,000 | 3.78 | | BBBY / Bed Bath & Beyond Inc | 1,000,000 | $10,600,000 | 3.36 | | DISCA / Discovery Inc | 500,000 | $10,550,000 | 3.35 | | TCOM / Trip.com Inc | 325,000 | $8,424,000 | 2.67 | | QRVO / Qorvo Inc | 75,000 | $8,290,000 | 2.63 | * **Top Buys** * GOOG / Alphabet Inc Class C (CALL) * FB / Facebook Inc (CALL) * BKNG / Booking Holdings Inc (CALL) * GS / Goldman Sachs Group (CALL) * WDC / Western Digital Inc (CALL) * **Top Sells** * Jack / Jack In The Box Inc * FB / Facebook Inc * BA / Boeing Inc * MAXR / Maxar Technologies Ltd * QRVO / Qorvo Inc Mr. Burry's weapon of choice is his **research** and that it's critical for him to understand a company's value before laying down a dime and that 100% of his stock picking is based on the concept of margin of safety introduced in the book "Security Analysis" which I am reading through right now and dang is it huge lol. He also states that he has his own version of their technique, but that the net is that he wants to protect his downside to prevent permanent loss of capital. Specific, known catalyst are not necessary. Sheer, outrageous value is enough. He cares little about the level of the general market and puts few restrictions on potential investments. They can be large-cap stocks, small cap, mid cap, micro cap, tech or non-tech and finds out-of-favor industries a particularly fertile ground for best-of-breed shares at **steep discounts**. **How does he determine the discount?** * Focuses on free cash flow and enterprise value (Market capitalization less cash plus debt) * Screen companies by look at enterprise value/EBITDA ratio. Accepted ratio varies with the industry and it position in the economic cycle * If stock passes loose screen, looks harder to determine specific price and value of a company * Takes into account off-balance sheet items and true free cash flow * Ignores price-earning ratios * Return of equity is deceptive and dangerous * Prefers minimal debt * Adjust book value to a realistic number * Invest in rare birds - asset plays, and to a lesser extent, arbitrage opportunities and companies selling at less than two-thirds of net value * Will mix in with companies favored by Warren Buffet **IF** they become available at good prices. Deserving of longer holding periods. **How many Stocks does he hold?** * Likes to hold 12 to 18 stocks diversified among various depressed industries, and tends to be fully invested. Provides enough room for his best ideas and helps with volatility. * Feels volatility is no relation to risk. **Tax Implications** * Not concerned much about tax. Know his portfolio turnover will generally exceed 50% annually, and at 20% the long-term tax benefits of low-turnover pretty much disappear. **When he buys** * He mixes barebones technical analysis into his strategy. * Prefers to buy within 10% to 15% of a 52-week low that has shown itself to offer some price support. If a stock other than a rare bird breaks a new low, in most cases he cuts the loss. * Balances the fact that he is turning his back on potentially greater value with the fact that since implementing this rule he hasn't had a single misfortunate blow up his entire portfolio ​ >In the end, investing is neither a science nor an art - it is a scientific art. ​ **Works Cited** [https://acquirersmultiple.com/2020/08/michael-burrys-top-10-holdings-q2-2020-plus-top-buys-sells/](https://acquirersmultiple.com/2020/08/michael-burrys-top-10-holdings-q2-2020-plus-top-buys-sells/) [https://acquirersmultiple.com/2017/11/michael-burry-search-for-unpopular-companies-that-look-like-road-kill/](https://acquirersmultiple.com/2017/11/michael-burry-search-for-unpopular-companies-that-look-like-road-kill/) [https://en.wikipedia.org/wiki/Michael\_Burry](https://en.wikipedia.org/wiki/Michael_Burry)

ValueInvesting

This is awesome. A well written and rather fascinating glimpse into one of the greats. Thanks for posting. I’m new to investing as a whole. Been interesting for quite awhile, but haven’t really dedicated the time necessary to learn as much as I’d like. Any suggestions for beginners looking to gain a better understanding? Books, podcasts, websites, etc would all be very helpful, if anyone was willing to help Edit: thank you guys for the suggestions!! I’ll look into them

98n8s1

Cyclean - Marketing

For the success of CyClean ICO, we are both eager to invest on online marketing and offline marketing. The publishing point of this whitepaper triggers threshold for CyClean teams to engage more actively on marketing schemes. We are operating various online marketing tactics such as social media posting and maintenance which can constantly deliver messages of CyClean to the general public. In our website, one can find all of our social channels to stay tuned with on-going CyClean processes. We treat following social channels. (Links are at Appendix) Additionally we are also conducting display ads for online community where the main topics for cryptocurrency and blockchian are evident. For the whole online marketing, we are aiming major countries where ICO investments are active and retargeting appropriate users in order to perform effective marketing actions. We did not overlook the importance of offline marketing as well. Because we are well connected with TOP advisors of cryptocurrency landscape, and because they trust us and want to share our message to the world, we are invited to many prestigious offline roadshows or pitch talks or summits. Within our allowed budget, we are sending agents to go spread the message to citizens of various countries. Although offline marketing may reach smaller crowd than online crowd at the moment itself, it has powerful influence over people and over industry opinions because a real person, most of the time founder or core director, visits the place with real presence so the outcome is quite as powerful as the online marketing.

crypto_currency

CyClean is a project in the field of green energy, which will work on blockchain. The platform is aimed at researching and developing new technologies and inventions in the field of alternative energy, as well as developing its products.

vyr2qx

I'm gonna be sick...

I tried to buy a house. I met with a broker and we crunched all the numbers: income, expenses, savings, assets, etc. He gave me a figure to work with. I purchased a house in Sydney for 100k less than what he said I could borrow. Signed the contract and everything. It's a week before settlement and the broker has just called me. The loan application came back **300k** short. Apparently the bank won't accept the percentage of my salary that's commission (even though I can prove to them that I've received 100% of it for the past 3 years). The broker knew that part was commission. I was very upfront about my entire financial situation. How does someone miscalculate to that degree? Now I have one week to come up with 300k before I can "just switch to another bank that accepts commission as salary." And my broker's solution? Personal loans from people I know... I think I might pass out. ​ EDIT: I'm very aware that this is a bad situation. Venting anonymously online is a coping mechanism. Yes I was misinformed. In my defence, if you saw my salary and the price of what I'm buying, it really doesn't look daunting. I also live at home and have near-zero expenses. At the time, it did not look like a longshot. Internet strangers, I invite you to cringe alongside me. It's weirdly helping ​ UPDATE: [https://www.reddit.com/r/AusFinance/comments/w5ry40/update\_im\_gonna\_be\_okayhopefully/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/AusFinance/comments/w5ry40/update_im_gonna_be_okayhopefully/?utm_source=share&utm_medium=web2x&context=3)

AusFinance

Get another broker now, a good one who has capacity to smash the loan application out for you today / tomorrow. Find another bank, go low doc if you have to in order to get this over the line and not lose your deposit. Chances are you can make this work and might incur a penalty for late settlement, but if your income is truly as high as you say it is relative to the loan amount you'll hopefully be fine. I'd give you a recommendation for a broker but uh....my comment history.

lajmhp

What would happen if all companies were employee owned?

I’m an entrepreneur with 100% ownership of my company, and I’m considering restructuring to employee-ownership to boost loyalty, performance, company growth, and ethics.[Employee ownership is linked to better company performance on average.](https://wol.iza.org/articles/does-employee-ownership-improve-performance/long) This got me thinking. How would things be different in a society where ALL companies were employee owned? Would the economy flourish better than ever, or would it just not work with certain types of companies? Are there hidden downfalls? Is there a name for this type of economy, and have any authors or researchers ever published anything good expanding on that idea? (Please don’t say socialism, I’m not talking about collective ownership, I’m talking about employee ownership only.)

AskEconomics

I made a video about this recently if you’d like a fuller explanation: https://youtu.be/6Dh_-lFOQAg The short of it is that businesses would likely be much smaller on an individual level, more fragmented, and likely yield higher paid employees who are less likely to be laid off because laying and employee off with equity would mean the equity would need to be paid out. However, hiring would probably be more arduous and structural unemployment would likely go up significantly because of the associated bureaucracy (voting on each new employee) and cost (every current employee’s equity and share of profits being diluted) of hiring. To clear something up, worker ownership is socialism at a systematic level. If all companies were owned by employees, this would be considered market socialism and/or socialism because the means of production would be owned by the workers/employees.

pe8rwf

Investors Be Like...

* Past performance is not a guarantee of future results... You should back test every portfolio * Why are you using that ETF? You should use this ETF that has the same holdings * Too much tech... MSFT and AAPL are the best companies * You have to pay taxes when you earn money!!! * That expense ratio is 0.6%!!! * The market is going to crash... Buy and hold forever * Do your due diligence... Just buy index funds * Warren Buffet says...

dividends

"The wife and I only bring home $310k total between us, and like most Americans we're living paycheck to paycheck. Between our multiple car leases, live-in nanny, our two homes and vacation timeshare we barely have our ends covered. Is $5000 per month enough to invest? or should we open a savings account instead?"

nb3otq

Am I the only one who hopes Elon stays the hell away from ETH?

Elon is an egotistical asshole who is worshiped by a horde of lunatics who obey his every utterance. I hope he spends time pumping and dumping other crap and not focus on ETH as the ravings of a power mad billionaire are hardly a strong foundation for long term success. One of the attractions of crypto was that it was supposedly going to empower the weak and instead it’s turned into another plaything for the rich and super rich.

ethtrader

I think it was always a little naive to assume that crypto was going to completely reverse the class system. Of course crypto is going to allow some rich people to stay rich, the point is that it will provide (and has already provided) many low income people with an opportunity to gain life changing wealth. A world running on cryptocurrencies still won't be perfect, but it will be infinitely fairer than a world running on centralised money that can literally be printed out of thin air by a small group of elites.

yyir5x

Where would you live in Europe for the best quality of life?

Me and my husband are both EU citizens. We moved to Canada a few years ago, but are thinking of moving again. We are considering a move to an EU country. We are both I.T professionals, and are hoping it wouldn't be too difficult to find a job in this industry. We earn good income in Toronto, but are considering moving due to a few reasons (high income earners are heavily taxed, winters are brutal, only 15 yearly vacation days, buying property is expensive, Canadian dollar value is weak). Where would you suggest moving to for the best quality of life and financial stability? We have considered The Netherlands and Portugal - but are open to moving to any country. (We are English-speaking, any country you would suggest avoiding due to language barriers having an impact on quality of life?)

eupersonalfinance

The guy says that he wants to move from Canada because of terrible winters and people suggest him to move to... Scandinavia. If you can work remote, Southern Europe (Portugal, Spain or Italy) has a great life quality (job market there is terrible though, that's why I'm saying "if you can work remote"). If you can't, France, South Germany or Vienna can be good options, but usually in Europe taxes are pretty high and housing is expensive as well.

xqiftl

A bill has now officially been drafted to ban any politician, their child, spouse, other related connection from owning stocks, and instead put holdings in a blind trust.

House Democrats introduced a long-awaited bill on Tuesday that seeks to ban members of Congress, federal judges, Supreme Court justices, the president and others from trading stocks, in an attempt to crack down on conflicts of interest throughout the government. The 26-page bill, titled the Combatting Financial Conflicts of Interest in Government Act, would ban a slew of government officials from trading or owning investments in securities, commodities, futures, cryptocurrency or other digital assets. Those covered by the legislation include members of Congress, their spouses and dependent children, senior congressional staffers, the president, the vice president, political appointees, judicial officers — including Supreme Court justices and various judges — members of the Federal Reserve System’s Board of Governors and the president or vice president of a Federal Reserve bank. Individuals subject to the ban would be required to divest their holdings or place them into a qualified blind trust. The measure, however, does not pertain to investments in diversified mutual funds, U.S. Treasury bills, state or municipal government bills, notes or bonds and investment funds held as part of a federal, state or local government employee retirement plan, among other types of widely held, diversified and publicly traded investment funds. The House Administration Committee released the text of the bill months after Speaker Nancy Pelosi (D-Calif.) in February directed Rep. Zoe Lofgren (D-Calif.), chairwoman of the House Administration Committee, to draft a bill. The push to ban lawmakers from trading stocks has gained steam on Capitol Hill amid reports that members have violated laws meant to prevent conflicts of interests involving financial transactions. In September, The New York Times published an extensive report that said 97 lawmakers or their family members traded financial assets in the past three years that could be conflicts of interest. Pelosi — whose husband, Paul Pelosi, is a venture capitalist — was at first against the idea of a ban on lawmaker stock trading, but ultimately endorsed the push in February. A bipartisan group of House lawmakers put the topic back in the news earlier this month when it penned a letter to leadership asking for a vote on a bill reforming lawmaker stock trading. Earlier this month, Pelosi said such a bill would likely come to the floor this month. But time is running out. The House reconvenes on Wednesday for the final three days of legislative business before the midterm elections. House lawmakers are scheduled to leave Washington on Friday and are not slated to return until after November. Even if there is enough time to bring the bill to the floor, it is unclear that it has the votes to pass. Punchbowl News reported earlier on Tuesday that House Majority Leader Steny Hoyer (D-Md.), who sets the schedule in the lower chamber, has expressed opposition to the ban on lawmaker stock trading. His spokesperson, however, told the outlet that Hoyer has “not seen final legislation, and will reserve his official decision until that time.” A group of senators have been working on separate legislation to ban lawmaker stock trading. The bill introduced on Tuesday also increases penalties for violating the provisions or the measure. Covered individuals who violate trading or ownership restrictions would be subject to a $1,000 fine. If the violation continues for more than 30 days, they would be subject to an additional $1,000 fine plus “an amount equal to 10 percent of the value of the covered investment that is the subject of violation at the beginning of the additional 30-day period of a continuing violation.” [https://thehill.com/homenews/house/3664219-democrats-introduce-bill-banning-lawmakers-judges-from-trading-stocks/](https://thehill.com/homenews/house/3664219-democrats-introduce-bill-banning-lawmakers-judges-from-trading-stocks/) The House Democrats has drafted the long-awaited bill that seeks to ban any politician and relatives from trading stocks titled Combatting Financial Conflicts of Interest in Government Act. Do you think this bill will pass?

StockMarket

First of all, if it is actually 26 pages, rest assured that it will not stay 26 pages but a time it makes it's way to devote. Rest assured the components may only be 26 pages of that particular bill but there will be significantly more added to it to ensure that they make up the difference in other ways. The penalties are obviously something that isn't even worth worrying about which is the whole point of this idiocracy. There are no fangs to actually do anything to hold at least people accountable and therefore this is nothing more than just media hot air and candy for stupid people that don't realize nothing is ever going to change.

uphxyh

Why are workers taxed harder than investors?

So I ran the numbers and in Canada you can make 120k on an investment portfolio with an effective tax rate of 4%. On the other hand, if you made the same amount as a worker, your effective tax rate is 30%… an almost 7.5x increase or 750%! What’s the reason? I get it’s to “stimulate investment” or whatever, but does that really justify the steep discrepancy? Why not bring it closer together somewhat? Lower the effective rate of the average worker and increase the rate of investors(?) Thoughts?

AskEconomics

There is a theoretical literature that studies the optimal way to fund government spending. In the simplest optimal taxation models, you want to tax labor instead of capital. In those models, the optimal tax on capital is zero. The reason is that most forms of taxation distort equilibrium prices and this creates inefficiencies. Capital taxes create more inefficiencies because of the dynamic nature of savings and capital. In reality life, the story is much more complicated than in those models and there are reasons to tax capital. But the intuition of the model persists. Taxing capital generates inter-temporal distortions that you want to avoid. One important thing to take into account is that capital is different from wealth. This is a distinction that wasn’t made in the past. The idea of taxing wealth has picked up a lot of interest lately. Here is a recent paper (I think it is forthcoming in QJE) that discusses these ideas and, in particular, it explains when you would like to tax wealth https://fatihguvenen.com/wp-content/uploads/2022/03/GKKO-THEORY-2022-WEB.pdf

9p87xw

INTRODUCTION TO TRAVELER

Traveler is owned by TripX, USA, Inc. a Florida Corporation and will be the first crypto based platform which will accept crypto tokens for hotel bookings, flight booking as well as vacation reservation. Doing a research, I discovered that the several online travel companies or booking agencies that exist have not been able to serve crypto users or blockchain enthusiast probably because the crypto industry is yet to go mainstream. Looking at this disadvantage to the traveling sector, traveler.com has come up with the blockchain based tech to satisfy its users with unlimited joy while making plans to travel by providing its services that will accept crypto currency as booking or reservation fee even at a discount rate and having the data stored in the blockchain.

crypto_currency

Traveler.com is the world’s first fair market travel platform optimized to accept cryptocurrency for hotel bookings, flights, car rentals and other travel services with zero profit margin added on to the net prices customers pay to the aggregator or supplier directly on current OTAs.

98mu9r

CyClean - Overview of the Audit Procedure

An audit is performed on the CyClean smart contract; the code is written in Solidity and makes consistent use of the community recommended methods defined in the OpenZeppelin library of ERC20 smart contracts. We used several automated Solidity analysis tools. After that smart contracts were manually analyzed, their logic was checked and compared with the one described in the whitepaper.

crypto_currency

We all share a universal ecosystem and numerous mutual problems within such ecosystem. It seems like it is underneath the carpet but it is growing rapidly every day and deepening more intensely than we think. Surely, anyone has heard about the environmental problems at least once and there have been many efforts to combat such imminent problem. But we can confidently say those are not enough and more innovative approach is required that can permeate through B2C and B2B markets. We mainly focused on problems of exhaust fumes and energy production which are two major problems of environmental issues and additionally, we are promoting green sports as a minor subject of our CyClean Platform.

98mu9r

CyClean - Overview of the Audit Procedure

An audit is performed on the CyClean smart contract; the code is written in Solidity and makes consistent use of the community recommended methods defined in the OpenZeppelin library of ERC20 smart contracts. We used several automated Solidity analysis tools. After that smart contracts were manually analyzed, their logic was checked and compared with the one described in the whitepaper.

crypto_currency

CyClean is a project that promotes clean energy through a rental system of electric vehicles. It applies blockchain technology and smart contracts to encourage people to use electric vehicles, thus reducing the emission of toxic gases. 

98mu9r

CyClean - Overview of the Audit Procedure

An audit is performed on the CyClean smart contract; the code is written in Solidity and makes consistent use of the community recommended methods defined in the OpenZeppelin library of ERC20 smart contracts. We used several automated Solidity analysis tools. After that smart contracts were manually analyzed, their logic was checked and compared with the one described in the whitepaper.

crypto_currency

In addition to all this on the platform CyClean, will be available to rent a vehicle. Each instance will be equipped with wireless navigation, with which CyClean will be able to track not only the current location of the ecotransport, but also to read the miles that it has overcome.

p3c6us

What do you do that you earn six figures?

It seems like a lot of people make a lot of money and it seems like I’m missing out on something. So those of you that do, whats your occupation that pays so well?

financialindependence

Sales (in my case insurance), particularly if you don’t have a college degree/coding knowledge. A willingness to be rejected a lot is a requirement though and it’s a harder requirement than most people acknowledge.

iqtp6s

How long did it take you to become consistently profitable?

Just curious. I keep hearing things from 6 months to 10+ years. Just wanted to hear what people here thought. This is with real money (no paper trading.) Also any tips/advice would be appreciated.

Trading

I've been trading since 1996'ish. In that time I've traded just about every type of market condition there is. Made a ton of money during the internet boom because all you had to do was trade a .com name and made a fortune. I was on top of the world, king of the castle, the head honcho... then came the internet crash and I lost every damn penny chasing the dragon, and then some. Unfortunately, I'm seeing a very similar mindset now as I did during the internet boom. Everyone thinks they can make money and everyone is an expert. Well, I'm not here to tell you not to chase your dreams and give it a shot, heck, I love the added volatility/liquidity, just try not to do it with money you aren't prepared to lose (I'm speaking from firsthand experience here). To answer your question, it took me about 7 years to become a decent profitable trader and about 15 years to become a damn good one. Don't get me wrong, I was profitable for most of those first 7 years (minus the internet bust blowup) but my personal volatility was off the charts. My advice is to keep it simple. Don't get caught up in trading all sorts of different vehicles, pick one, and learn it like the back of your hand. Become the master of that one thing. Then just grind it out. All I trade is the /YM now. That's it, nothing else. (I also manage my own investments but that's not trading). Next, don't trade just to trade, only trade when the setup is proper. Patience is definitely the key here. Don't rush into trades, don't trade just because you haven't done so in a while, don't force anything. There have been weeks where I don't place a single trade. Finally, learn when to sell losers. It's more important (by a little) than knowing when to sell for a gain. Cut your losses and you can live to play again tomorrow. GL

lbf8w1

Stop picking on wsb

We are all on the same team. Everyone wants to make money in the end. It's a zero sum game. The difference is the risk-return tradeoff. There are many on this sub who use a combination of multiple strategies(buying & selling options). We all have gotten burned on crazy unexpected moves in several underlyings, when the other side won bigly or vice-versa. It's like making a good income on a 9-5 job but feeling jealous because someone made it big with the risk they took in their business or laughing at them when their business goes to shit. People acting as if their strategies as superior to others. This will just demotivate newcomers from learning

thetagang

I am cool with sticking it up to the HFs, but trying to convince yourself that losing 80% of your life saving as being cool is a bit hard for my head to wrap around. When the emotion is over, most will realize they made the most financial irresponsible thing in their life. Edit: 1 thing I forgot to mention, the people that benefit the most from this, are hedge funds that are going long, I am sure there are some huge HFs riding the waves. They are not gonna baghold this like most of WSB investors.

iuu7bu

Almost went bankrupt building my first house. sharing the lessons learnt

I'm in a philosophical and reflective mood. I've recently concluded a 3+ year legal battle against my builder (2 x house builds) and the VIC building insurer. And whilst I'm pleased with a $350k payout, I must say I'm absolutely horrified for the average person or family should they find themselves in a similar situation. With a bit of luck, a high income job, no lifestyle expenses or kids etc, I only just managed to not go under/bankrupt. And so I thought I'd share with you guys my experience in building my first house in my 20's. For background, I work in finance, make good money, and I am educated. I started building 2 x houses in 2016 and part way through construction the builder ran out of money, didn't renew his builders license (building illegally at this point), let his site insurance lapse (in breach of contract), generally just lied about everything, and essentially committed fraud. I ended up engaging lawyers because the relationship with builder wasn't salvageable, and I ultimately terminated the construction contract with the builder and subsequently attempted to make an insurance claim in 2017 (insurance in VIC is mandatory for construction jobs $16k+, to enable an home owner to claim should a builder die/bankrupt/insolvent). Insurance denied my claim and I was left holding the bag for 2 x incomplete houses, and hemorrhaging cash on $1m debt from original mortgage + the construction debt. Vic Building Authority (VBA) and every other government agency could not have cared less, provided no assistance to me or the situation, even though the builder warranty insurance is actually via the VIC government. Things got really bad once I terminated the contact, I had sub contractors making death threats to me and breaking in to the properties because they hadn't been paid by the builder and they wanted me to pay them. I even had to sleep on the floor of the houses with no water/electricity/toilet. I had to take these measures because the properties were uninsured for a period of time because nobody wanted to insure incomplete houses. However I did eventually find an Insurer after a few weeks of research, and I could eventually return back to sleeping in a proper bed. Soon after i ended up engaging another builder to complete the houses, and I had to cash fund all the cost over runs... because it always costs more to get a 2nd builder to take on the risk of a partly build property. It cost me $100k+ in legals, building inspectors and additional construction costs in order to complete. And I had to cash fund all of this whilst servicing a $1m+ loan. Brutal! I did eventually finish the construction of the houses with the 2nd builder, some 18 months behind original schedule and after spending an additional $100k+. And so, with good legal advice, I then went to work taking the original builder to VCAT, and won a multi 6 figure judgement against the builder. The builder obviously didn't pay and thus defaulted, which then represented a trigger for the building warranty insurance policy. And so again, with good legal advice, i made an insurance claim in 2019. And after a year of stuffing around with lawyers, VCAT submissions against the insurer, and time wasting by the insurer, I obtained a $350k payout in late 2020. Some 3 years after my first attempt at a insurance claim! The unfortunate reality is that with 2 x uninsured properties and a dodgy builder, I was ultimately exposed to potential personal bankruptcy. Fortunately I'm young, high income job, no kids/expenses, so I just managed to crawl my way out with alot of stress and pure grit. But I'm absolutely terrified that if I was the average Joe or family, there would have been no chance to find a lazy $100k laying around in a bank account, nor the ability to service a mortgage + rent + lawyers etc. Families would be destroyed in such circumstances. This sort of stuff just shouldn't happen. And so I share the above story, and my lessons below, with you all. Lessons learnt: - There are dodgy and shonky people in every industry, including construction. Watch out! And do your due diligence on the builder. - Don't let yourself get bullied by builders and sub contractors. I'm young and 6 foot 2 inches and 90kg and used to fight at amateur level, and I even felt exposed when confronted with death threats and break ins and sub contractors demanding money. FYI - police didn't care about the death threats. - the residential construction industry, for the average Joe/family building a house, is disgraceful and full of risk. There are more protections in place for a $20 toaster than for building your biggest financial asset, a house. If I didn't have a bunch of cash I would have had to wait 3+ years for the successful insurance claim to then have been able to start completing the houses. How is that even remotely fair? - Make sure you have a 20% contingency allowance when building a house. If it goes bad you'll be up for minimum $30k in legals, $10k in inspections/reports, and $10's of thousands in cost over runs to complete with a new builder. - building warranty insurance is a joke and won't save you unless you have lots of $$$ to fight for it. Don't rely upon it. It took me 3 years and lawyers to make a successful claim. The insurer even engaged their own external legal counsel to represent them and fight me. - once you sign a construction contract, you hand over control of the site to the builder. If the builder doesn't have insurance, and let's say there is a fire, you only have recourse via sueing the builder. Most builders have $0 in their companies. Make sure the builder has site insurance (this is separate to Building warranty insurance). - insurance in VIC caps out at $300k per property. And also has a 20% payout cap on cost over runs. Eg. If your original build is $500k and builder goes belly up, you can only claim $100k in additional costs to complete the house. You can separately make a claim for any defects in addition to this (with an overall hard cap of $300k for the policy). - when your back is against the wall. Fight hard for what is right and what you deserve. I'm horrified with my insurance claim experience. Most people would give up vs fighting for 3 years and spending 10's of thousands in legal fees. - learn from your experiences in life, including the bad ones, and get back on the horse all the more wiser and with your eyes open. - have sympathy for people. I know sub contractors who worked on the job who lost tens of thousands of dollars due to the builder going belly up, some of their businesses failed and marriages broke down. I feel horrible for these guys and their losses. - be humble and share your experiences and learnings with others Peace! And hope everyone stays safe

AusFinance

This is the reason I subscribe to this sub. Excellent analysis. IMO everyone looks down their nose at project builders but the risk of one of them going under and not being able to pay subbies is considerably less than a non project builder. And they’re usually militant about approvals, insurance etc. If you had your time again, would you be more likely to engage a project builder? Fascinating stuff. Glad you got through it okay.

ojc12v

How do I stop someone from wasting all their money on the stock market?

My father has this newfound interest in the stock market and spent the last few weeks studying it. He told me he wanted to start trading and I told him to study it some more, or at the very least, start by paper trading. a few days ago I found out he threw thousands of dollars on a stock that he did 0 research on, without telling me. His reasoning on picking that stock was that "The graph went down so it must come up". I had a look at the stock, the share price lost half of it's value since January, and then jumped 40% since May. He bought in at the 2-month high basically. He currently has NO exit plan and I'm scared to tell him to cut his losses because there's a possibility of the share price jumping, and he'll end up blaming me for pushing him into selling. I'm infuriated and I don't know what to do. He clearly has no idea what he's doing and won't bother listening to me. I could let him lose the money as a learning curve but then I'd just feel shit about myself.

Trading

Some people learn by the trial of fire. They get burned and learn to use it safely, or they get burn and never touch it again. The stock market is there for everyone but not everyone can make it as a trader

mvvmvp

🚀 Time to expose the shell game. FTDs can be "reset" through borrowing from ETFs. Read the Truth.

# 🚀 Time to expose the shell game. [The Shell Game](https://imgur.com/wKBpPdI) ###FTDs are not “reset”. FTDs on ETFs help show the short positions on the underlying securities. Edit: Each Shell Game post is intended to be read sequentially. You've been misinformed on FTDs. You'll feel great after you go through this journey with me. * [Shell Game II]( https://www.reddit.com/r/Superstonk/comments/mwnnmj/the_shell_game_revisited_how_etfs_work_and_what/) * [Shell Game III](https://www.reddit.com/r/Superstonk/comments/myn9vn/the_shell_game_iii_lifting_the_final_cups_for/) Many talented DD writers have theorized that FTDs are being reset using deep ITM call options and although it appears to be a credible theory that no doubt applies to many stocks, the singular attention it receives may have clouded our vision. I invite you all to take a step back and look at the raw data with me. The truth is, FTDs are a mechanism of an illiquid stock. They are an obligation on the part of the broker/dealer that carries a clear T+5 requirement to be rightfully delivered. That obligation requires that the security be purchased off the open market to be paid back within T+13 days, otherwise, the broker/dealer is restricted from accepting short sale orders from anyone else. For more information on FTDs (“failure to delivers”), please see my entire body of work, specifically the links DD tab to get up to speed. I promise you will not regret it: * https://docs.google.com/spreadsheets/d/1VhxsUkiMEdSFybr5E4jI0iARQ6urRvVYafjZe1uLly4/edit#gid=0 Special call-out to the ETF document from /u/turdfurg23. It has been a huge help for me. * https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit#gid=0 ##Now these FTD obligations can be granted extensions. See here: https://www.finra.org/rules-guidance/notices/information-notice-120120 [Settlement Dates that an FTD position can extend to](https://i.imgur.com/9zq2m3T.png) [In my FTD document](https://docs.google.com/spreadsheets/d/1VhxsUkiMEdSFybr5E4jI0iARQ6urRvVYafjZe1uLly4/edit#gid=0), I believe I have identified the smoking gun of how these shares have been borrowed and subsequently extended against. T+5+30 (T+35) FTD obligations of IWN created massive volume-upticks on the T+35 date. In my opinion, I have proven that ETFs were used to “reset” FTDs, but I am open for arguments against it. #🚀 The Train of Thought. ###Imagine this scenario. You shorted GameStop in December because you have a raging FTD problem that keeps biting you in the ass every 13 days, and you MUST exit this position. Unfortunately, GME is now too expensive to short and you are running out of options. [iborrowdesk.com screenshot](https://imgur.com/2fZBxCN) So, you call up your friend who holds the a bunch of settled GME shares in an ETF (XRT) and you borrow those to wash yourself of the FTD problem with GME. I say XRT, because look at the GME FTD rate on 12/14/2020 and then the pop of FTD rate out of nowhere from XRT on 12/16/2020! [ETFs are the timebombs they use to hide FTDs](https://imgur.com/In1pyzJ) On 1/29/2021, the extent of that borrow becomes obvious. At least 2 million GME shares were utilized to wash someone short out of their FTD problem that they dumped onto the SPDR S&P Retail ETF. And the best part. The highly advertised XRT ETF was not the only one that did this on that same day. In fact, they WEREN’T EVEN THE MOST: [If you smellllllllllll. What the Rock. Is Cooking.](https://imgur.com/kUAMqDJ) Blackrock’s IWM ETF exploded without warning and then dissipated away. What is happening here? #🚀 FPL Programs and why haven’t we talked about this? Because the FTD #s were just starting to become talked about in mid-to-late January in the mainstream WSB community, the shorts knew they had to rotate that FTD reporting off the "GME" books and hide in internal Q1 data reporting. Coincidentally, by rotating the FTD problem internally through using ETFs, this freed up A LOT of settled shares to limit the FTD problem with OR allowed to be borrowed to short again (Blackrock). ###So, with that line of thinking established, we should see a clear rise in FTDs in these ETFs of anyone who is running a “FPL Program”. ###What is an FPL Program? I will let this letter from Ms. Elizabeth Baird of the SEC to Kris Dailey, Vice President of the Office of Financial and Operational Risk Policy of the Financial Industry Regulatory Authority @ One World Financial Center (phew), speak for itself. https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-fpl-20201022-15c3-3.pdf [She said it. Not me. I’m merely just a messenger](https://imgur.com/lgWvsvm) ###What does this mean to an ape? https://www.thebalancecareers.com/sec-rule-15c3-3-1286902 Rule 15C3-3 established the requirement to keep enough cash and securities in a segregated account that will cover a portion of the costs of a major market move. Here is the law for review: https://www.law.cornell.edu/cfr/text/17/240.15c3-3 Therefore, this is my interpretation of the days to come. I know dates are frowned upon, *but I believe I can call attention to the date established by the Financial Industry Regulatory Authority.* # 🚀 TOMORROW (DAWN OF THE FIRST DAY) April 22, 2021: The markets will open “frothy”. All the players are aware of the collateral requirements of their own positions. Every advancement on a position your institution is not long on, is a direct attack on that another institution’s way of life. GME will be in a very precarious position. As a negative beta stock, and the biggest one of them all, all volume on long/short will influence the direction the market moves. It is both equally possible for the stock to explode with volatility we have never seen before, or it remain pinned on the Max Pain line for another day to continue to bleed off delta. In either case, the world will be watching with bated breath. Assuming there are broker/dealers out there that did not come into compliance with Rule 15c3-3 by end of trading tomorrow, they will officially be out of compliance and everyone will be looking to the SEC for action. But… if there is a broker/dealer out there right now wondering if they have enough collateral to cover tomorrow’s many hypothetical situations… you can bet your ass they are sweating bullets right now. ###The “winner” of this battleground will set the collateral requirements for the “loser” as outlined here: [Margin is Calling](https://imgur.com/0C5FJxu) #🚀 In Conclusion [IT IS TIME TO COVER](https://imgur.com/6U25Mcv) Moon Soon.

Superstonk

If I'm reading those rules correctly, anyone margin called will have until the next business day end to cough up the dough, which I didn't know so thanks for that. So as an example, if the price were to rise like crazy on Apr 22 at noon, closing the day at over $500, smaller short funds would receive margin calls that night and have until 4pm Apr 23 to deliver, or be bent over by their prime brokers/lenders? Meaning it is critically important that people hold and not freak out at 500/1000/whatever - you need to hodl for both the price to rise AND the margin call time requirements to pass. After a solid 2 days of being above $800 every fund on the planet who was short should have received their margin call and the chain reaction can begin.

m1bz1h

Theta Gang not for me

This correction has really shown me that I don't have what it takes to be doing Theta plays. I get way way too stressed when trades start heading the other way. I'm loosing sleep over PYPL, exiting at the wrong times, and getting really emotional about it. With owning good companies I barely even twitch if the stock drops 10%, but if I have a credit option on a stock and it drops, I get sweaty. I just don't have the risk tolerance for it I guess. $20,000 lesson I guess I had to learn, Thanks PYPL.

thetagang

Theta gang typically consists of selling calls and puts and allowing the contracts to decay overtime, and if it blows past your strike you are assigned the shares at a lower price, or roll it out and avoid assignment. This is less risky than buy and hold for the downside of it. I think you are confused about what theta strategies are

orewi5

Wealthy people are so damn out of touch!

They say if you ask a poor person for money advice is poor and with rich it's rich. So I have been asking advice of people who have become financially independent, at least money isn't a stressing factor in their lives. Oh my god. "Save 20% of income and invest it." I explain money is tight and hardly any left to buy a single stock. "Oh then ask for a raise or job hop." OK, my review is 6 months away, and in the Mean time what else? "A side Hustle! Whatever you make there invest it!" Tried and got burned out, actually made me work less from exhaustion. So I asked "what did YOU do?" And the story is what you expext; my parents paid for college, I got into tech, my dad knew someone in the company, etc. They are giving me advice they didn't follow through with. They could have just said "I don't have any experience with that, I grew up in privilege."

povertyfinance

At this point becoming financially independent requires a high salary, very low expenses, very good savings habits or a combination of two of the three. You’re asking people what they did to get there and saving AT LEAST 20% of their income, having side hustles, job hopping are all common things that actually work. When you are truly in poverty and are working lower wage jobs then these things are just not possible so it’s hard to relate to that advice.

nb378m

Beyond Protocol?

***Trigger warning: This will likely be the "deepest" post ever in /CryptoMoonShots*** I fully expect to get /rekt and flamed for posting this here, but I like to think there are some intelligent people here trying to make $$ This project has been talked a lot about over the past week (website here: [https://beyond.link](https://beyond.link/)). They claim to be able to use blockchain to make hacks "probabilistically impossible," and from there, allow us to feel comfortable about allowing our devices to "open up." Developers can then build never-before-possible apps on top of the growing universe of newly opened devices. The App Store gave us Uber and Instacart. Beyond Protocol's Mega App Store will give us a world of use cases we would never have thought to create. If their claims are legitimate, they are truly stewarding us to technological singularity. In their Telegram group last night, a community member named Alex posed a question about why the project bills itself as the "ethical language of machines." He mentioned how a puppy or child has more of a sense of morality than the smartest AI, so how could machines be ethical? Here's what Jonathan Manzi, Beyond Protocol's CEO, said (\*epiphany moment\*): >We often think about how distributed ledger technology is a perfect defense against dystopian/rogue AI. Blockchain would allow for a consensus to be reached before AI takes a destructive developmental turn. So what do you think? Is this the most meaningful application of blockchain technology yet? It was asked on this subreddit whether Beyond Protocol would be the next top 3 coin. I wonder, will this be the loom which weaves together the new world.

CryptoMoonShots

it's funny a legit post asking opinions about a legit project is getting absolutely no traction. On topic; the concept is interesting, im not technically savvy enough to understand how are they planning to achieve it tho. In case they succeeded tho, this would definitely be huge given the current "fear of AI"

snrrsy

Economists, what is the single biggest misconception you feel the "Econ 101" crowd has about economics in the real world?

By Econ 101, I do not mean people who are ignorant of the study of economics. I mean individuals who draw incorrect conclusions about economics based on a failure to recognize the simplifying assumptions we make in introductory courses. Here is something I believed early on in undergrad when I (wrongly) thought I knew everything there was to know about economics: "printing money" essentially has a 1:1 relationship with inflation. I never considered that the velocity of money could fall!

AskEconomics

It’s seems no one believes in supply and demand anymore. Housing prices are caused by too much (or not enough) government intervention. Inflation is caused by printing money and not a supply chain crunch. Everyone has another issue they think is causing a rise or drop in prices, instead of starting with supply and demand and building from there.

mpdfv1

How do value investors hold when their stocks go 50-100% over their estimated value? (which usually happens when you get a 10 or 100 bagger)

Whenever a stock i own goes double of what i think is the intrinsic value i either sell part or all of it because i feel the opportunity cost of investing elsewhere is higher. How do some investors ride these sort of stocks to 10x or 100x? Is a "buy underpriced and hold forever" strategy better than a rebalancing strategy?

ValueInvesting

The key is selling early then being bitter and regretful as you watch the price continue to rise. At least that's what I do. Munger actually addressed this at the last djco meeting. He said he has a friend that always sells half that way he feels smart no matter what happens. That's actually not bad advice, it doesn't have to be a binary decision. You can average into and out of positions.

lhhvuo

Killing pump and dumps targeting /r/ASX_bets for fun and shitposts

It has come to the mods attention that an organized pumping event was planned for this subreddit starting with a cordinated an attack in the Monday Daily thread. This knowledge was obtained via various means, including the use of people (yes, plural) who have slightly more mental and ethical capacity than others telling the mods when things shifted from perfectly reasonable discussion of future rockets to plotting. At this point, things have not appeared to have reached the point of a pump on this stonk, but one has been planned. ​ The quiet buying has apparently occurred this week, the pump was planned for next week, the dump would likely have been the week afterwards. For everyone not involved in this, remember. You were the people they were planning on making hold the bags. This wasn't a rise, this was a planned transfer of wealth. ​ The guilty parties have been identified, they will be given a ban of varying lengths. The ban length was tempered by ringleaders admitting to their plans and outing the others (It is better to admit your mistakes, we understand that you made poor judgement). We will find others soon enough, the best way to avoid a longer ban is to confess. People ask about the line between discussion, hysteria, self delusions, pumping and a pump and dump. Actively agreeing to quietly buy, then raid a place to make those on the outside of the group increase it's price, then selling out to make the outsiders hold bags is the line. We have not waited until everyone was all in before nuking this. The phrase "I wonder if we should let their money burn." was raised. But mummy and daddy are being nice. This time. ​ A temporary block has been placed on that ticker. If you post it, your comment will be deleted. if innocent parties miss a rocket next week, that is an unfortunate outcome. Please direct your ire at the people who were trying to fuck you. ​ Note: This makes no comment on whether the Stonk in question is a legit future rocket or a dog. It might be the next VUL, it might be the next EM1. If I knew that, I wouldn't be hanging around here all day. The temporary block on that ticker is based on a simple premise "If it needed you guys to pump it, was it really a rocket?" Good stuff will rise on it's own, it doesn't need organizational effort. A real honest attempt at DD is still DD. But coordinated attacks are not DD. ​ Going forward, we would actually be happy if people outed pump and dump schemes. We are their victims. Some stonks rocket into orbit, some are merely thrown by pumper catapults, ready to fall back to earth. There is no one doing 140% shorting in Australia. But if you want something to get your pitchforks over, maybe try this. ​ TLDR. Moe, we know you're behind this. SO KNOCK IT OFF. ​ If this post feels a bit cold to you, remember. People loudly yelling are easily identified. People about to snap with massive rage are not. ​ I am the Lord of Ruin. Post script Edit: Bans have been applied. We expect not all the guilty have been caught. Evidence of guilt is requested if anyone has it. For this and all future events. This was fairly exhausting to the mod team, we suggest thinking things through before doing in future. Though posting evidence of any Pumping inside or outside /r/ASX_bets is very welcome. Let's kill this stuff. Additional Note: The lead guilty party in question has since claimed they are an idiot who had no idea how the stock market worked and claims that they believed that the late stage of an artificial pump is a period of permanently high prices. Presumably this period also included infinite supplies of rainbows and bunnies. We have also considered the idea that they are developmentally delayed which we can not discount. We request all people learn that artificial jumps can not be sustained unless demand is permanently raised and that all buyers learn what a market cap is.

ASX_Bets

So this was ricklepickle and his recently formed group chat right? Not even slightly surprised, he's a complete dog cunt. Does anyone else remember one of his early DDs where he got called out because he didn't the know the relationship between share price and market cap, and somebody tried explaining it to pickle and he got mad at them for "flaunting their intelligence"? I had him tagged as a complete flog after that. I also remember a few weeks back there was somebody that called pickle out and said they made a test portfolio of all his "recommendations" and that it was down something like 20% overall, so many of his stock picks are complete duds or dogshit but he somehow got a following, and now the dog cunt tried to steal our money. Does anyone else remember these things? And for all the people here that called out pickle (I know there's a few of you here), you're legends...and so are the mods for shutting this down. Cheers lads. I hope he's permabanned and we never have to deal with his shit again. EDIT: Here's one of the threads that shows what a complete dog cunt ricklepickle is: https://www.reddit.com/r/ASX_Bets/comments/izuxeb/3dp_485c_set_for_1_by_xmas_5_by_nextmas_heard_it/