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yader

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Everything posted by yader

  1. yader

    XRP

    Here is a cryptocurrency course taught by Gary Gensler at MIT. This is a good resource for those looking to learn more about cryptocurrency's impact on finance in general. https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/
  2. yader

    XRP

    Digital or encrypted currency as a form of investment has not gained much traction as a traditional form of investment. I believe this will change in the next 5-10 years. We'll begin to see institutions, banks, governments, and individual investors begin holding these assets as forms of investments, hedges against inflation, and for use in daily commerce. This initial post will be a short introduction of what I have been buying, XRP, the cyrptocurrency of Ripple. Ripple aims to be the financial bridge of banking transactions. It is secure, decentralized (although it can have private networks), and fast. Here is the white paper https://ripple.com/files/ripple_consensus_whitepaper.pdf As central banks create CBDCs Ripple stands to be the choice solution for conducting business. https://www.ecb.europa.eu/home/search/html/central_bank_digital_currencies_cbdc.en.html Much of the uncertainty in the sector comes from a large amount of new "currencies" with no utility, and the extreme hype of the sector. It's the same thing as the dot com bubble. Tons of new websites went up with huge promises that failed miserably due to no utility. But there were a few that fundamentally changed business, like a tiny online bookstore. I think Ripple is the tiny online bookstore of DeFi (decentralized finance). In following posts I'll bring up other issues such as Ripple's moat, competitors, costs, SEC lawsuit, and others. Beat me to them! Disclosure: Long XRP. It's the only crypto I own.
  3. Genius. Probably very seasonal sales :P http://www.sunnyskyz.com/blog/371/Genius-Dad-Figures-Out-Way-To-Fill-100-Water-Balloons-In-Under-One-Minute
  4. Of course. That hasn't stopped hundreds of millions of them from moving to cities in the past decade, and the government has recently started to loosen the hukou registration rules iirc. There are still massive movements going to work in the cities, and then sending portions of their income back to the country. I found this video well balanced.
  5. Muscle, I'm new to MBI/national/"shit co". What's this all mean in easy to understand terms? Thanks.
  6. MBI - Detroit, Puerto Rico, not writing new business (although that will change). Check out their BV.
  7. Thanks TTT. Research jobs are hard to come by, and hard to fund. I'm the lone graduate in my class without a PhD or MD. Most are MDs now, the PhD's have had a hard time in the job market. I've thought about going back for a MS Finance, PhD Finance, or just working a lucrative job for 10 years and then managing my own funds. Non-profit doesn't pay much, but I'm debt free (minus the mortgage), and save 500-800/month for investing. Unless there's a serendipitous event where I get picked up as an analyst I'll probably go the lucrative job route for 10 years to build up investment funds.
  8. Well, here's where the rubber meets the road. Anyone here in a position to hire? I'm looking. Any advice would be greatly appreciated too. End goal: Philanthropy through financial partnerships. Current Position: Director of a 501©3, 6 years in position. Background: BS Biochemistry (top WA state school), some graduate theological work (Vancouver, BC). The experience accumulated has been technical and critical (biochemistry), for the past 7 years the soft skills of teaching, public speaking, and communication have been learned on the job. Biochemistry was chosen because I wanted a challenge. It kept me interested. The job was chosen as well because of the challenge and it's opportunities to develop what my undergraduate had not. Approaching 30 I find my temperament, analytic abilities, and passions align far more with value investing than anything else. The resignation was tendered this January, effective June 2015. There is plenty of time to take any classes needed (accounting, economics, finance, etc). Best position in 2013: HHC Best ideas going forward: ALS.TO, FIATY
  9. I was almost with Scott for a few years. Lived with a 2 inch pad to sleep on and a desktop on the floor for a while. Rode a bike everywhere. Out of college I lived in a garage, no heat, no water, no insulation, no restroom. It was detached, and had gaping gaps through the cinder blocks. Half was for living (err...freezing in the winter), the other half was a shop for the motorcycle (upgrade from the bike). Some of the most fun times of my life! To be fair, I did have an electric blanket.
  10. Hey all, Forgive the ignorance. I've searched the forums here and google and have not been able to find an answer yet. I'm a US investor (some ST capital gains, some LT) who holds some Canadian stock. Who do I pay taxes to on those gains from canadian companies? At what rate? Thanks!
  11. Have looked to do the same thing...
  12. Not sure how I missed it :/ http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/advice-needed-security-selection-for-a-couple-on-ssi/
  13. Hi all, My grandparents have moved into assisted living, sold the house, and are now trying to figure out a way to make ends meet. Monthly income of $6000. Monthly assisted living expenses of $7500. We've got a $600,000 nest egg of theirs to work with and would love to make 4-5% a year. Stipulations: No annuities. We'd like to preserve as much of the lump sum as we can for health costs down the road. Advice? Do you have trusted advisors? Thanks! -yader
  14. 31%. HHC was my best position.
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