Longnose

I've previously looked at QIWI and YNDX. I will be keeping an eye on them. YNDX could become quite compelling. Even current price is worth a look. YNDX is the search engine of choice in Russia and people wont stop surfing the internet because of a war. I don't know how it will impact their profits and the currency risks around everything. But at the right price this YNDX has good prospects -the ADR risks. I wont bet the farm on it, but I may take a small nibble at some point.

Just listened to this. I laughed out loud at work when you started talking about Starcraft. Gotta get that cannon up before the zerglings. hahaha. Was a pretty casual conversation felt more philosophical about the process of writing the book and what he learned from writing the book than a book report. Interesting none the less. Thanks for putting it out there.

Someone started the movies threads and the music threads a little while back. I figured I would start a hobbies thread to see what other people are doing when you aren't face deep in a 10-K. What are your hobbies? I am also a bee keeper. Last fall I came across a group on FB for making bee hives out of refrigerators. So through the winter I decided to give it a go and built a refrigerator hive. I have some property in the mountains and I intend to take this fridge up to the mountains to leave it for the summer around the end of April.

I preordered the book at the beginning of Feb. Looking forward to reading it.

Closed these and bought more 11$ and 12$ strikes - Small position.

Wouldn't this also prove or at least argue the opposite that its more secure than gold or cash because it cant be laundered? why attempt to steal something you cant use or sell? I believe the stolen cell phone market is quite small these days as well because the carriers have made it so hard to sell or repurpose a stolen phone.

Anyone read this book about the founders of Paypal? Listened to a podcast about it today and it sounded very facinating. If you've read it what are your thoughts? If you haven't read it what are your thoughts on the founders of Paypal? Most have gone on to create other unicorn businesses. Edit: just went to buy the book and discovered it is not released yet. It releases on Feb 22. So I preorded.

https://www.valuewalk.com/books/seth-klarmans-recommended-books/ "The book is out of print,is one of the most stolen books from libraries, and sells for thousands of dollars online." Someone mentioned in one of the earlier comments that you can find pdf's of the book online if you look hard enough. I read it years ago. My opinion was its a simpler easier to digest version of Graham's "The Intelligent Investor". To a new learner its likely quite valuable. To someone who understands markets already its not gonna blow your mind.

Welcome to the club

@JAKMoving the Bezzle Crypto conversation to this thread. There are more than 10K cryptos out there. When I started exploring crypto I took the exercise to create my own coin/token so that I could understand the back end of them. I've now created a few all with what I would describe 0 value. I did provide a small amount of liquidity to one and listed it on an decentralized exchange just for the exercise of it. Now i just use them as proof of friendship tokens for some of my IRL friends who are exploring crypto. I send them a token after setting them up with a wallet just for fun. I believe other people in the other Bezzle thread highlighted that its more what you do with the tokens that creates value. I would not be surprised to see a new evolution of business using crypto tokens as stocks. Instead of IPO ing via the stock exchange you could create a token and say your going to put the earnings of the business into the liquidity pool of the token. Or each token entitles you to a portion of the business dividend. Currently this would all be built on a trust relationship. But its not impossible.

I do remember voting for ads. over more/higher fees.

You would need some medium of bank or exchange. in the example your getting paid in USD or Saudi currency (whatever it is). You would need to exchange a % of your income to a stablecoin via an exchange. US example: exchange my USD via coinbase into BTC Need to assume parents have a crypto wallet (either web based or mobile based) Need to assume parents have a a local crypto exchange (https://www.bitrawr.com/bangladesh) *Binance Send BTC to parents crypto wallet. Parents exchange BTC to their local currency (likely requires local banking system) Very doable and if done on the right network very nominal fees. ** if I were doing this regularly I would pick a network like AVAX or SOL to and maybe even use those tokens as the transaction fees are less than $0.15 USD per transaction. And if your passing currency through the system pretty quickly you shouldn't be subject to too much AVAX or SOL token volatility.

My Costco Hotdog is still only a $1.50! Boom, now you can afford your 3x lumber

My Costco Hotdog is still only a $1.50! Boom, now you can afford your 3x lumber

Honestly, its probably more me fighting against "The Man" than anything. What problem am I trying to solve? - I don't actually own my money. I can't actually buy the securities. Wells Fargo holds my money. I have to ask WF to send my money to Fidelity to buy and hold securities in my name. At the same time WF & Fidelity are using my money to make more money for themselves. So I'm trying to solve 2 things. 1. Actual ownership of money and securities. 2. Screw the middle man. Now granted your points are all valid. Currently I don't have to pay anything any trading fees and I get little bonuses. cool? Who are you going to call when there is a problem with a decentralized exchange? (valid - currently it would be emailing a developer who set up the exchange. But even if the decentralized exchange goes down I can go connect to another one because the assets are still in my wallet not on the exchange) Who pays for trading costs.? (me, but if I'm not transacting on ETH i dont really care. Networks like AVAX, SOL, Polygon all have fraction of cents transaction fees and I believe these will only come down over time) Who sent statements? the blockchain ledger of my wallet. Typing this out made me thing of stories from the great depression and the runs on the banks. God forbid it ever happen again but what if you went to WF and said I need my money and they said well... see the markets are down so actually you cant have it or whatever their excuse is. But don't worry you can file an FDIC claim and maybe get some money back in the next 10 years... So this is what I am trying to solve. I own my money and I don't need a broker to buy my stocks because I can purchase them on a decentralized exchange and hold them in my wallet. Are we anywhere near this point right now? No, we are not. But the world will get there and I will welcome it. Also, I wont be an early adopter with a significant portion of my money. But i will be dabbling in it and looking for opportunities that will be exploiting the power of this technology. I am a value investor at heart. 90% of my portfolio is tied up in equities via a broker and that wont change anytime soon.

https://forum.mirror.finance/t/liquidations-caused-by-unrepresentative-oracle-pricing-of-mspy-on-jan-3-2022/2569 When I go to the development forum and read stuff like this I know that the project hasn't been vetted enough for me to put any real money into it. But It is still the direction I want things to go.

It doesn't solve anything and I likely wont use it. But i will take a look. (ETH is way to cost prohibitive currently) But realistically when you start playing with these decentralized exchanges. I connect my wallet to mirrorprotocol then when i swap my ($$, BTC, whatever) for tokens representing the shares of these companies. Then what is the purpose of Fidelity, or TD Ameritrade, or IB? why do i need them to do it for me? the token then becomes the equivalent of the stock certificate. I can trade or transfer my stocks to you directly to your wallet without anyone in the middle. Whats the purpose of the middle man? or why you would want someone in the middle balancing a bunch of ledgers based on the transaction when it can be done without them?

I will admit that my knowledge of BTC and the PoW (proof of work) is a little more limited than the alternate projects on the PoS (proof of stake) side. But from what I thought i understood about BTC is that anyone can run a node and you dont need to mine BTC to run a node. The node is still becomes a validation point when the blockchain goes to validate the PoW. I listened to a podcast that talked about how a majority group tried to diverge or change the network back in I think it was 2017? (Ill need to see if I can find the podcast again.) but essentially the blockchain said this vote wasn't unanimous against all the nodes and rejected the changes. Essentially showing that majority players cant bully changes onto a small time holder. This is the real value of the decentralization. The fact that I can run a node housing the blockchain in my basement and it requires a nearly unanimous vote to change the ledger. I could be wrong. ill need to see if I can find the source on this again. I would love it if they made actual crypto's tied to equities. Then allow me to trade them on a decentralized exchange. Hot damn now were talkin.

TIKR Seeking Alpha (I read comments more than articles. I form my own thesis then go to comments to see what other investors are saying to attempt to invert my argument) macrotrends.com (I like that this does historical ratio mapping)

Id rather own BTC than Gold. So there is that...

Actually this may be the real issue. The job that makes more money may actually be a liability when it may impact qualification for welfare, subsidized housing, WIC, etc.

When I look back on when I was moving out. I had a job paying a little over minimum wage. I remember looking at apartments and what I could afford. So many of them I would pull up and it would be like a crack house neighborhood. I was like WTF... I guarantee most these people aren't event working... I thought to myself I could quit my job get on welfare and get this same lifestyle as working hard with my job to afford the same POS apartment. Luckily im not the kind of guy who just gives up.. So fast-forward I now make more than most people in my network and can take care of my life. But when you get down to the minimum wage level it really does pose the question.. do I just live on welfare and let the government cover my crap?? or do I work minimum wage jobs to afford the same lifestyle?? Many of the low income people work part time just enough to cover extra expenses but will literally quit a job to stay under the poverty threshold for government assistance. IMO the people who have it worst are the honest ones that ride the poverty line.