Maryland unemployment insurance quarterly contribution report
I'm 32, live in a HCOL city, work in digital marketing & will make $117K since I just got promoted!
2023.03.22 04:11 olegeener I'm 32, live in a HCOL city, work in digital marketing & will make $117K since I just got promoted!
Bio
Age: 32 Occupation: Senior Digital Marketing Manager Location: HCOL, Midwest, US
Salary
Gross income: Currently, $103.5K + 10% annual bonus. Starting next week, $117K + 15% annual bonus! I do some sporadic freelance work for $2-3K per year. Husband is $51K. HHI is $168K (no bonus).
Net income: Current biweekly paycheck is ~$2.8K. Deductions: $75 HSA, health insurance, taxes. Not sure what new paycheck will be! Husband’s is ~$1.5K. Deductions: 401K, health insurances, taxes.
Income progression:
- 2012: After undergrad, got a part time contract job as a community manager (when social media was just barely a thing for businesses). Made $12/hr. Also was a server. All in w/both, $35-45K.
- 2014-2017: Over 5 years, contract gig got more serious. I quit my serving job as I made more from contract gig. Eventually, my role was absorbed by largest client. Started w/them as a social media manager at $55K.
- 2019: After a couple years, took new job in editorial/writing for $51K.
- 2019: Company filed for Chapter 11 bankruptcy 6 weeks after I got there (lol). So got a digital marketing manager job in a new, much more expensive city making $70K.
- 2021: After 2 years & a short COVID furlough, joined my current company as a digital marketing manager (under a former boss) at $102K + 10% bonus.
- 2022: Last year, received COL raise to $103.5K.
- March 2023: As of next week, start promotion to senior digital marketing manager w/, $117K + 15% annual bonus.
Assets & Debt
First, to start: my husband & I share finances. We’ve been together for nearly 8 years. We officially combined everything after we got married about a year ago. All assets, spend, etc. reflects both of us.
Assets:
Retirement balance: ~$2K & that’s it. I did not grow up w/financially fluent family (they also didn’t have any money), nor did I have an understanding about retirement until recently. I’ve also been prioritizing enjoying some of my spoils/saving for other things, tbh. This is changing soon!
Savings balance: $21.5K. Have some medically necessary procedures coming up (not covered by insurance) so socking away for that. We also rent, so always want to have moving cash accessible just in case.
Joint checking: $5.6K.
Solo checking: $1.4K
Debt:
Student loans: none! Paid mine off in 2020 (~$20K total). (I qualified for a lot of aid; scholarships, grants & subsidized student loans covered my undergrad degree. My parents did not contribute/)
Mortgage: n/a. We rent.
Car: $550 monthly. Bought the car 6 years ago. First decent car either one of us has had. Worth it. (~$3.5K left. We’re gonna pay this off in the spring).
Credit card: Currently $3K but we pay off in full each month.
Monthly Recurring Expenses
Rent: $2,100 for 2 bed, 2 bath, 3rd floor walkup, including outdoor parking space. We’ve lived here almost 4 years. Rent has not increased.
Electric & gas: $250-$350 depending on time of year.
Internet: ~$70.
Car insurance: ~$200 for two cars.
Phones & service: $155 for two phones + service but I get an $80 subsidy for work, so $75.
Fitness: $209 for unlimited Orangetheory. I go ~3 times/week & it’s great.
Prescriptions: ~$90. I have a daily inhaler & I take Adderall for ADHD.
Subscriptions: YouTube music, streaming TV, random podcasts, etc. my husband supports: ~75.
Savings: We put $1K-$2.5K in savings every month.
Weekly Diary!
DAY 1 – TOTAL: $4.75
This was an above average spending week. Brunch & shopping is not a weekly occurrence, nor are those medical bills. We typically eat/cook/meal prep at home a bit more too. But there ya have it – hope you enjoyed!
submitted by olegeener to MoneyDiariesACTIVE [link] [comments]
Age: 32 Occupation: Senior Digital Marketing Manager Location: HCOL, Midwest, US
Salary
Gross income: Currently, $103.5K + 10% annual bonus. Starting next week, $117K + 15% annual bonus! I do some sporadic freelance work for $2-3K per year. Husband is $51K. HHI is $168K (no bonus).
Net income: Current biweekly paycheck is ~$2.8K. Deductions: $75 HSA, health insurance, taxes. Not sure what new paycheck will be! Husband’s is ~$1.5K. Deductions: 401K, health insurances, taxes.
Income progression:
- 2012: After undergrad, got a part time contract job as a community manager (when social media was just barely a thing for businesses). Made $12/hr. Also was a server. All in w/both, $35-45K.
- 2014-2017: Over 5 years, contract gig got more serious. I quit my serving job as I made more from contract gig. Eventually, my role was absorbed by largest client. Started w/them as a social media manager at $55K.
- 2019: After a couple years, took new job in editorial/writing for $51K.
- 2019: Company filed for Chapter 11 bankruptcy 6 weeks after I got there (lol). So got a digital marketing manager job in a new, much more expensive city making $70K.
- 2021: After 2 years & a short COVID furlough, joined my current company as a digital marketing manager (under a former boss) at $102K + 10% bonus.
- 2022: Last year, received COL raise to $103.5K.
- March 2023: As of next week, start promotion to senior digital marketing manager w/, $117K + 15% annual bonus.
Assets & Debt
First, to start: my husband & I share finances. We’ve been together for nearly 8 years. We officially combined everything after we got married about a year ago. All assets, spend, etc. reflects both of us.
Assets:
Retirement balance: ~$2K & that’s it. I did not grow up w/financially fluent family (they also didn’t have any money), nor did I have an understanding about retirement until recently. I’ve also been prioritizing enjoying some of my spoils/saving for other things, tbh. This is changing soon!
Savings balance: $21.5K. Have some medically necessary procedures coming up (not covered by insurance) so socking away for that. We also rent, so always want to have moving cash accessible just in case.
Joint checking: $5.6K.
Solo checking: $1.4K
Debt:
Student loans: none! Paid mine off in 2020 (~$20K total). (I qualified for a lot of aid; scholarships, grants & subsidized student loans covered my undergrad degree. My parents did not contribute/)
Mortgage: n/a. We rent.
Car: $550 monthly. Bought the car 6 years ago. First decent car either one of us has had. Worth it. (~$3.5K left. We’re gonna pay this off in the spring).
Credit card: Currently $3K but we pay off in full each month.
Monthly Recurring Expenses
Rent: $2,100 for 2 bed, 2 bath, 3rd floor walkup, including outdoor parking space. We’ve lived here almost 4 years. Rent has not increased.
Electric & gas: $250-$350 depending on time of year.
Internet: ~$70.
Car insurance: ~$200 for two cars.
Phones & service: $155 for two phones + service but I get an $80 subsidy for work, so $75.
Fitness: $209 for unlimited Orangetheory. I go ~3 times/week & it’s great.
Prescriptions: ~$90. I have a daily inhaler & I take Adderall for ADHD.
Subscriptions: YouTube music, streaming TV, random podcasts, etc. my husband supports: ~75.
Savings: We put $1K-$2.5K in savings every month.
Weekly Diary!
DAY 1 – TOTAL: $4.75
- Up at 6:15 – Wordle, NYT Spelling Bee, Reddit, catch one Pokemon in Pokemon Go so I keep my streak
- Quick bath & read a book (this week’s reading: When You are Engulfed in Flames by David Sedaris; Mindset by Carol Dweck)
- Dressed & ready, took bus to work. Had team lunch, meetings, etc. all day.
- Getting home was a shitshow. Waited for the train – too crowded to get on. Waited for a bus – same. Eventually caught the train home. $2.50.
- Hung around w/husband, watched Succession, made half a grilled cheese for dinner
- Up at 6:30ish - Wordle, NYT Spelling Bee, Reddit, catch one Pokemon in Pokemon Go so I keep my streak
- Bath & reading – every morn!
- Cleaned the kitchen a bit
- Had to pay a bunch of bills manually. My credit card number got stolen awhile ago so bank sent me a new one w/a new number. But the old number (on file w/lots of places for autopay) still worked?? So I just let it ride.
- Started getting emails/calls that the old CC number was no longer valid. SO i paid some bills:
- Speech pathologist: I’m getting evaluated for possible double jaw surgery so had to see a speech path for evaluation. If you have never been asked by a doctor to open your mouth & show them the chewed graham cracker on your tongue, I highly recommend. :) $178.20
- Physicians assistant: I go see a PA once every 3 months for ADHD medication. $30
- iPhone: covered above
- Orangetheory: covered above
- Then off to WHF! Reporting for pilot I led, atatus meeting w/our digital agency, other calls, etc. On Wednesday nights, I take a stand up comedy class! Super fun & I’m really enjoying it. Had to do a rewrite of last week’s set so banged out right before class. Listened to last week’s piece & feedback, then voice transcribed into Word doc. I have an editing/writing background/degree & lots of speaking/performance so had a great time on rewrite. I was running late so I took an Uber there: $12.90
- Had a great time at class! It goes til 10pm & I’m old so caught an Uber home: $18.95.
- Got home & dumped tonight’s set & feedback into Word doc. Reddit-ed for a few. Sleep around 11pm.
- WFH again. Chill day. Hard for me to stay out late (for me) at class on Wednesday nights & have a good productive day the next one.
- Was NOT going to spend money today but Colin Jost the comedian is coming to town the night before my birthday!! I bought 2 tickets on Vivid Seats for my husband & me. $229.78
- Was gonna go to Orangetheory in the evening but cancelled – too tired. $14 for cancelling
- Husband went to Costco on his way home. Got paper towels & a few other things & a giant pizza! We ate it for dinner. $81.22
- Up around 6:40. Wordle, NYT Spelling Bee, Reddit, catch one Pokemon in Pokemon Go so I keep my streak
- Bath & reading! Washed my hair, so styling routine & diffusing.
- 9am meeting w/agency – took from the couch.
- Called around for a pharmacy who has my prescription for Adderall & found one! So then called the doc & had them send it over. Glad this is done!!
- THEN called health insurance. I need to have an expander put in my mouth because I have nasal breathing issues (and a severe open bite & moderate cross bite, all due to a narrow upper palate), BUT not clear if insurance covers it. Was on for 40 minutes – answer is conclusive. A TIP: orthodontic/orthognathic surgeries are an insurance nightmare. :/
- Lots of downtime today. Emails & reporting mostly but also a lot of researching the procedure I need to have. Called a coworker in the afternoon.
- Really sluggy so Diet Dr Pepper around 2:30pm – rare for me. Try to avoid caffeine after lunch.
- Ended up taking a nap from 5:30pm-7pm. Hung around & ate leftovers for dinner.
- Woke up, loafed around a bit.
- Caught the bus to meet a friend for brunch! Read a bit on the bus. $2.25
- Brunch w/my girl! Good to catch up. Ate some pancakes that were pretty good but made my stomach hurt. Got a giant cookie to take home to husband. $29.60
- Went to Anthropologie. Bought 5 things, all on clearance: 3 sweaters, one top, one blazejacket thing. $185, which is pretty great for Anthro.
- Then got ice cream!!! Bought my friend’s cone too. $17.60.
- Took the bus home. $2.25.
- A bit later, husband & I Ubered to a little cocktail bar. $12.99. It was really nice! We each had 2 cocktails. $76.76
- Then we went for dinner! Originally wanted wings but the place was crazy with very drunk March Madness goers. So went to a bistro-y place down the street. Had a couple beers each & ate some really excellent short rib pappardelle & husband had a delicious meatball sub. $138.12
- Ubered home! $20
- Slept in!! Realized we didn’t have any food so ran to Chipotle for a nice big brunch. $38.49
- Otherwise, had a very chill day. Long bath & reading w/face & hair masks. Tidying & laundry.
- Husband made meal prep (rice bowls) for dinner, so ate that & started The Last of Us & went to bed early.
- Up around 6:30 for the normal morning routine – phone, bath/reading, get ready.
- Had to call a bunch more pharmacies to sniff out Adderall – had very little luck.
- Ordered flowers to be delivered for my mother’s birthday: $76.78
- Had a chill WFH day. Did some planning & reporting, had a few afternoon calls.
- Husband went to the grocery on his way home. Got a few staples: salsa, bagels, yogurts, etc. $66.89
- Wrapped up around 5:30pm. Laid around & stretched, then went to Orangetheory at 7pm.
- Had a great workout! Came home, cleaned up, wolfed some meal prepped food, then went to bed around 10pm.
This was an above average spending week. Brunch & shopping is not a weekly occurrence, nor are those medical bills. We typically eat/cook/meal prep at home a bit more too. But there ya have it – hope you enjoyed!
2023.03.22 04:09 BigRigPC Just got email with account notice.
Dear valued client,
Webull Financial LLC (“Webull”) is pleased to notify you that we will become the carrying broker for your referenced account pursuant to our new omnibus relationship with our clearing partner Apex Clearing Corporation (“Apex”). Over the next several months, we will be migrating all clients from a fully disclosed to an omnibus clearing arrangement as the carrying firm.
Circumstances Necessitating the Transfer: Webull is transitioning its clearing relationship with Apex from clearing on a fully introduced basis to clearing on an omnibus basis. This means that your cash balance will be held by Webull that is protected under client-protection regulations and safeguarded under the SEC’s customer protection rule. Your securities will continue to be held by Apex, and your trades will continue to be cleared through Apex. We believe that this new omnibus relationship will enable us to improve our service offerings and provide you with the best possible investment experience.
The new clearing arrangement will not impact the in-app or platform experience related to account access, trading, market data, and the products and services you are used to. Bookkeeping functions and other administrative functions will be handled by Webull. This includes investor communication notices, account statements, trade confirmation, and tax reporting. Proxy, prospectus, regulatory notices, and voluntary action notifications that will be sent from [email protected] and [email protected].
There is no action needed on your part for your account to be transferred to Webull’s new clearing platform. Unless you exercise your right to opt-out as described below, your customer account(s) carried by Apex will be transferred to Webull (the “Transfer”) in 30 days of the date of this letter. If you have multiple accounts, you will receive separate notifications for each account respectively. Please note that by continuing to access and use our services after 30 days of receiving this letter, you agree to the new terms and conditions.
Account Statements, Trade Confirmations, and Tax Reporting: For the month immediately following your account transfer, you will receive two account statements. The first statement will be from Apex, showing account activity and the details of the transfer of your account to Webull. The second statement will be from Webull, showing account activity and the receipt of the transfer of your account from Apex. After your account transfer, you will continue to receive monthly statements (quarterly if no activity), Webull will also send trade confirmations and tax reporting for any activity that takes place in your account.
Trading Activity and Transferring Funds: Trading activity and transfers of funds are expected to continue; however, you may experience a slight disruption for a few minutes on the weekend of the Transfer. Please note, in this event, it will be temporary and full account functionality will be restored shortly. Wiring instructions will change after your account is transferred to Webull. Updated wiring instructions can be found on our FAQs page. Please note that processing times associated with account transfers out within 7 days of your account transfer to Webull may be impacted.
You Have the Right to Object to the Transfer: If you do not wish to have your account transferred to Webull’s new clearing platform, you can object to the Transfer by notifying Webull at [email protected]. You must provide your objection within 30 days of the date of this letter. If you have any questions about your right to object to the transfer, please contact our customer service team.
Fees: You will not be charged any fees for the Transfer and there will be no changes to the current fee schedule under the new clearing arrangement.
Temporary Waiver of Transfer-Out Costs: If you elect to transfer your account to another broker within 60 days of the date of this letter, Webull will reimburse any net fees associated with that transfer.
Insurance: After the Transfer, your account will be carried by Webull, a member of the Securities Investor Protection Corporation (“SIPC”), and your assets in your brokerage account will be protected by SIPC up to $500,000 ($250,000 for cash claims). For additional information regarding SIPC, including obtaining a copy of a SIPC brochure, please contact SIPC at (202) 371-8300 or visit the SIPC website at www.sipc.org. SIPC coverage does not cover fluctuations in the market value of your investments.
Firm’s Compliance with SEC Regulation S-P: We are committed to complying with the Securities and Exchange Commission Regulation S-P governing the privacy of consumer financial information in connection with the Transfer.
If you have any questions regarding your account, please feel free to contact us directly at [email protected] or 1 (888) 828-0618. You can also refer to our FAQs page or our New Agreements and Disclosures page for additional information. Please do not reply to this email as replies to this email will not be monitored. Thank you for allowing us to continue to serve you and assist with your investment needs.
Sincerely,
The Webull Team
submitted by BigRigPC to Webull [link] [comments]
Webull Financial LLC (“Webull”) is pleased to notify you that we will become the carrying broker for your referenced account pursuant to our new omnibus relationship with our clearing partner Apex Clearing Corporation (“Apex”). Over the next several months, we will be migrating all clients from a fully disclosed to an omnibus clearing arrangement as the carrying firm.
Circumstances Necessitating the Transfer: Webull is transitioning its clearing relationship with Apex from clearing on a fully introduced basis to clearing on an omnibus basis. This means that your cash balance will be held by Webull that is protected under client-protection regulations and safeguarded under the SEC’s customer protection rule. Your securities will continue to be held by Apex, and your trades will continue to be cleared through Apex. We believe that this new omnibus relationship will enable us to improve our service offerings and provide you with the best possible investment experience.
The new clearing arrangement will not impact the in-app or platform experience related to account access, trading, market data, and the products and services you are used to. Bookkeeping functions and other administrative functions will be handled by Webull. This includes investor communication notices, account statements, trade confirmation, and tax reporting. Proxy, prospectus, regulatory notices, and voluntary action notifications that will be sent from [email protected] and [email protected].
There is no action needed on your part for your account to be transferred to Webull’s new clearing platform. Unless you exercise your right to opt-out as described below, your customer account(s) carried by Apex will be transferred to Webull (the “Transfer”) in 30 days of the date of this letter. If you have multiple accounts, you will receive separate notifications for each account respectively. Please note that by continuing to access and use our services after 30 days of receiving this letter, you agree to the new terms and conditions.
Account Statements, Trade Confirmations, and Tax Reporting: For the month immediately following your account transfer, you will receive two account statements. The first statement will be from Apex, showing account activity and the details of the transfer of your account to Webull. The second statement will be from Webull, showing account activity and the receipt of the transfer of your account from Apex. After your account transfer, you will continue to receive monthly statements (quarterly if no activity), Webull will also send trade confirmations and tax reporting for any activity that takes place in your account.
Trading Activity and Transferring Funds: Trading activity and transfers of funds are expected to continue; however, you may experience a slight disruption for a few minutes on the weekend of the Transfer. Please note, in this event, it will be temporary and full account functionality will be restored shortly. Wiring instructions will change after your account is transferred to Webull. Updated wiring instructions can be found on our FAQs page. Please note that processing times associated with account transfers out within 7 days of your account transfer to Webull may be impacted.
You Have the Right to Object to the Transfer: If you do not wish to have your account transferred to Webull’s new clearing platform, you can object to the Transfer by notifying Webull at [email protected]. You must provide your objection within 30 days of the date of this letter. If you have any questions about your right to object to the transfer, please contact our customer service team.
Fees: You will not be charged any fees for the Transfer and there will be no changes to the current fee schedule under the new clearing arrangement.
Temporary Waiver of Transfer-Out Costs: If you elect to transfer your account to another broker within 60 days of the date of this letter, Webull will reimburse any net fees associated with that transfer.
Insurance: After the Transfer, your account will be carried by Webull, a member of the Securities Investor Protection Corporation (“SIPC”), and your assets in your brokerage account will be protected by SIPC up to $500,000 ($250,000 for cash claims). For additional information regarding SIPC, including obtaining a copy of a SIPC brochure, please contact SIPC at (202) 371-8300 or visit the SIPC website at www.sipc.org. SIPC coverage does not cover fluctuations in the market value of your investments.
Firm’s Compliance with SEC Regulation S-P: We are committed to complying with the Securities and Exchange Commission Regulation S-P governing the privacy of consumer financial information in connection with the Transfer.
If you have any questions regarding your account, please feel free to contact us directly at [email protected] or 1 (888) 828-0618. You can also refer to our FAQs page or our New Agreements and Disclosures page for additional information. Please do not reply to this email as replies to this email will not be monitored. Thank you for allowing us to continue to serve you and assist with your investment needs.
Sincerely,
The Webull Team
2023.03.22 03:25 Vegetable-Cobbler734 Why is Tesla soaring today
 | https://preview.redd.it/jmlng8n3b7pa1.jpg?width=800&format=pjpg&auto=webp&s=94ac65343043935dab249b2aa6c43eda605096d1 submitted by Vegetable-Cobbler734 to Burystocks [link] [comments] Tesla surged today on data released Tuesday by the European Automobile Manufacturers Association (ACEA) showing that Tesla registered 19,249 new vehicles in EU countries in February, soaring about 50 percent from 12,860 a year earlier and more than any other company, although brands such as Stellantis' Alfa Romeo and Volkswagen's Cupra outpaced Tesla's growth. . The U.S. automaker took 19.8 percent of the EU's pure electric vehicle market share in February, up from 18.5 percent a year earlier, according to ACEA. Tesla took a 2.4 percent share of the EU passenger car market last month, up from 1.8 percent a year earlier, according to ACEA. In China, Tesla is expected to report one of its best quarterly retail sales figures in the Chinese market, according to the latest retail sales data from China Merchants Bank International, which tracks auto insurance registrations. The data show that from Jan. 1 to March 19, Tesla sold about 106,900 units in China, averaging 1,371 units per day. And the company sold 120,200 vehicles in the fourth quarter, Tesla's best quarterly sales figure to date. Moody's has become the second credit rating agency to assign an investment grade rating to Tesla. Moody's upgraded Tesla's credit score to Baa3 (the lowest level of investment grade debt) from Ba1 (the highest level of junk debt) with a "stable" outlook. In a statement, Moody's senior credit officer Rene Lipsch said, "Tesla will maintain its position as one of the leading manufacturers of pure electric vehicles as the company further strengthens its global presence." Moody's also cited Tesla's expanding product offerings (including the Cybertruck, which is scheduled to go into production later this year), its production sites in different regions and the company's strong focus on efficiency and financial leverage. Last October, S&P Global upgraded Tesla's rating to investment grade after it released third-quarter delivery figures. In a report at the time, S&P credit analysts wrote: "We are now more bullish on Tesla's credit profile as it continues to demonstrate market leadership in the (electric vehicle) space with stable manufacturing efficiencies supporting strong Ebitda margins and continued positive free operating cash flow." Bloomberg Intelligence credit analyst Joel Levington said last October that lower financial leverage and top-notch margins could explain the ratings firm's steady improvement of Tesla's rating. Tesla's performance last year was truly stunning, producing more than 1.3 million electric cars with an operating margin of about 17 percent , tops among many car companies and more than double Toyota's 2022 operating margin of about 8 percent. In addition, over the past three years, Tesla has repaid roughly $10 billion in debt, after which its financial leverage once fell to extremely low levels. For Tesla, the Moody's move could be a landmark. Traditionally, rating-sensitive investors consider a stock to be officially blue-chip when it has received high ratings from at least two agencies. Moving from "junk" to "blue chip" means that Tesla will be able to attract more investors, which could significantly reduce its financing costs. In this regard, Levington said: "This is a historic event for Tesla. We continue to believe that the company has the foundation for a rating upgrade cycle. This could narrow the gap between what people see as Tesla's credit risk and Volkswagen's." Indeed, prior to Moody's rating upgrade, Tesla was already viewed by many investors and analysts as a blue-chip company. Earlier this year, Tesla received a $5 billion revolving credit facility, meaning it was close to investment grade status. According to media data, Tesla has almost no outstanding debt and its 5-year credit default swaps (CDS) are already on par with highly rated borrowers. Number of Tesla car accidents up in past two years after Tesla removes radar sensors Tesla CEO Elon Musk reportedly announced nearly two years ago that Tesla would stop installing radar sensors in its cars. Data shows that the number of subsequent accidents and near-misses involving Tesla cars has increased. Interviews with dozens of former Tesla employees, test drivers and other experts show that after the 2021 upgrade, Tesla cars driving through Autopilot or FSD features are braking more often because of nonexistent obstacles, misidentifying street signs and having difficulty identifying emergency vehicles. Some sources said the increasing incidence of false braking is related to Tesla's decision to remove radar sensors from its vehicles. Data from the National Highway Traffic Safety Administration (NHTSA), which is investigating this aspect of the problem, shows the agency has received hundreds of complaints about false braking over the past nine months. Last year, more than 750 Tesla owners complained that their cars suddenly and inexplicably braked while driving. Meanwhile, NHTSA also stepped up its investigation into Tesla's Autopilot feature in 2022 after more than a dozen accidents in which Tesla cars crashed into emergency vehicles. NHTSA said the driver-assist feature had difficulty identifying parked vehicles. Musk initially announced that Tesla would stop having radar sensors in its cars starting in 2021. Some engineers were reportedly "taken aback" by the statement and contacted a former Tesla executive in hopes of convincing Musk to change his decision. Musk has also said in the past that he wants Tesla's FSD and Autopilot software to simulate the senses of human drivers through cameras rather than radar. Currently, all Tesla cars are equipped with Autopilot driver assistance. Users can also pay a one-time $15,000 or $199 a month to enable the FSD feature, which helps cars recognize stop signs and traffic lights, automatically adjust lanes and park themselves. But Tesla says neither Autopilot nor FSD can replace a licensed driver. Until 2021, Tesla cars will use radar sensors in addition to cameras to identify obstacles. Currently, Tesla relies on eight cameras and Autopilot image taggers to train cars to react to their environment. Tesla employees tag videos taken by the car's cameras to train the software to recognize and respond to different obstacles. Other self-driving sensors, such as LIDAR, are also used by Tesla's competitors. These vehicles use LIDAR to digitally map the environment and avoid errors, even if the on-board cameras are obscured by external obstacles, such as rain, snow and fog. Musk, however, has previously said that LIDAR is too costly and therefore "doomed to fail." Since 2016, Musk has been promising that Tesla will soon launch a true self-driving car, but experts are not optimistic. Earlier this year, several experts said that the Tesla FSD is still far from self-driving. In February, Tesla released an OTA software update to 362,000 vehicles to address a problem with the FSD, which the NHTSA said at the time could cause cars to "behave unsafely at intersections. A Tesla spokesperson did not comment. In a voluntarily released vehicle safety report, Tesla said it had the lowest overall probability of injury among all vehicles tested by the U.S. government's New Car Evaluation Program. In January, Tesla also said that in the third quarter of 2022, the probability of a Tesla accident had been as low as one accident every 6.26 million miles (about 1,074,000 kilometers). |
2023.03.22 03:18 Cataclysmic98 WELCOME ALL! New to this subreddit? Want a review? GameStop is PROFITABLE and INNOVATIVE! This post & article explains some of the history, legal and illegal shorts, shutting off the GME buy option, internalization, DRS and more! Please share and comment!
 | Bringing the core message front and centre once again. GameStop is the opportunity of a lifetime ... a great long term investment and a tremendous squeeze opportunity.Read this news article for some background: Source: https://bullshit.network/finance/the-ugly-truth-about-gamestop/ https://preview.redd.it/x7cdc5od07pa1.png?width=2360&format=png&auto=webp&s=2a913bb7409392c2382067e24fa326bc3c865b14 https://preview.redd.it/mze77uqi07pa1.png?width=2360&format=png&auto=webp&s=6d97aa765d51f6260891a5f087d1cfc70adb3ee6 And how GameStop has been manipulated with short postions hidden through derivatives: https://www.reddit.com/Superstonk/comments/too38h/wondering_what_all_the_hype_is_about_gamestop/ https://preview.redd.it/essh65lt07pa1.png?width=2360&format=png&auto=webp&s=807e942c57e58696cf2f9930c53d71d37684b6b6 DD here on Superstonk supports the evolution of the married puts derivative manipulation through total return swaps, with Credit Suisse evidenced as being a counter party and bag holder of many GME shares. https://preview.redd.it/fg8zdpxf17pa1.png?width=2360&format=png&auto=webp&s=1419e74bc4183063ab1b63052e54d43e88b69aa5 https://www.reddit.com/Superstonk/comments/11vqy7e/ubs_agrees_to_buy_credit_suisse_for_2b_snb_agrees/ Now UBS is in the process of taking over Credit Suisse and needs a guarantee from the government to protect them from Billions in potential losses as they de-risk due to "We have taken a significant first loss position ... in level 3 assets, long dated swaps ..." "It is an insurance policy we've got until we can work this portfolio down...": https://www.reddit.com/Superstonk/comments/11wgxlk/this_szene_in_the_movie_margin_call_when_they_sit/ Short sellers continue to dig themselves deeper as they short GameStop even though the company is the largest video game retailer worldwide and GameStop is successfully undergoing a radical strategic transformation; expanding their business model to compete and thrive in an era of mobile gaming and digital downloads, and have been busy reinventing themselves as a major ecommerce player. https://preview.redd.it/tbblll0427pa1.png?width=640&format=png&auto=webp&s=76d2376b7f90036d188b2c161765df132979b680 Gamestop has a revolutionary, dedicated diehard shareholder base that is Direct Registering Shares (DRS) and exposing the manipulation of market makers and short hedge funds to the broader retail market. Current Short Interest and FTDs is over 21% (as publicly reported, excluding the hidden derivative based manipulation of additional SI & FTDs) , and the tradeable float is shrinking daily pushing borrowing costs higher and making it more expensive by the day for market participants to maintain their short positions. Direct Registration System (DRS) explained in 80 seconds: https://youtu.be/gNTClU6lLqY https://preview.redd.it/r1t5pe4247pa1.png?width=640&format=png&auto=webp&s=dd34a7bf910123cc3eb04b4c7f345d431e659264 The global gaming market is forecast to be worth $256.97 billion by 2025. And while it generally takes time and money in the midst of a revolutionary "transformation to a company that is driven at its core by technology" - GameStop is PROFITABILE!https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2022-resultshttps://preview.redd.it/ohjcqmv457pa1.png?width=640&format=png&auto=webp&s=da07bff5498ca15432d78d65916ee64c37a60693 TLDR; As GameStop moves forward with its ecommerce and NFT marketplace the potential for this company rivals market giants like Amazon, Apple, and Meta (Facebook, Instagram etc). GameStop is not an ordinary stock, nor is it a failing brick-and-mortar retail chain like Wall Street previously thought. It is a very well financed, established growth company, with grand plans in the foreseeable future. The current price of $GME is demonstrably manipulated and significantly undervalued. Simply put - the price of $GME is wrong - and will continue to be wrong until the manipulation of the stock is eradicated and the short positions are closed - not just covered. As short positions are forced to buy and close out their positions at the market 'ask' price, and in the event that retail owns the float and investors hold out on the sale of their shares we could have not just a ‘Short Squeeze' - but the 'Mother of all Short Squeezes' (MOASS). BUCKLE UP!Addendum: When corporations own the media: https://www.youtube.com/watch?v=D9rbHpA_6W4 Short sellers influencing the media and controlling the GameStop narrative: https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/ Interactive Brokers' interview with CEO Thomas Peterffy: Brokerages cut off buying but allowed selling, a precedent setting move that prevented GameStop's squeeze in January and exposed a systemic risk in our markets: https://www.youtube.com/watch?v=Yq4jdShG_PU Estimating Retail Share Ownership: Excludes Institutional, Insider or other types of ownership. https://i.redd.it/zwtz4i3c65h71.png https://www.reddit.com/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/ https://www.reddit.com/Superstonk/comments/tw641b/gamestops_bull_thesis_gamestops_history_due/ Opinions and illustrations only. Not advice. Always conduct your own DD and make an informed investment decision that is right for you as an individual. |
2023.03.21 20:23 Catvac-u-um_adnase Argiculture News March 21, 2023–CARB rejects ban on fumigant * Rice commission seeks drought flexibility * WOTUS ruling produces varied reactions
CARB rejects petition to ban fumigant
The Air Resources Board has denied a petition by environmental groups to phase out sulfuryl fluoride, a fumigant used in homes and food processing plants.
Californians for Pesticide Reform and the Center for Biological Diversity charged that the pesticide is a potent greenhouse gas. But CARB found the petition lacked data connecting the pesticide to a climate impact. The agency also worried about alternatives to the pesticide, potential economic impacts and a rise in termites in homes.
Rice commission seeks drought flexibility
State statute requires members of the California Rice Commission to be actively farming, even when half of the state’s rice fields go fallow. Now lawmakers are seeking more flexibility to ensure the commission represents all farmers.
The Assembly Ag Committee has approved a measure that would override the restriction during a drought emergency. Commission CEO Tim Johnson explained that the east side of the Sacramento Valley had a crop close to normal, while the west had almost no rice. Half of the valley now gets 80% of the votes, the rest only three seats.
Research could resolve tension in wine industry
A new bill is requesting $5 million to fund research into smoke taint in wine grapes.
The issue came to a head in 2020, when smoke taint led to $3.7 billion in losses. State, federal and private funding has since poured into research, but more is needed to identify the compounds and mitigate the impacts.
Tim Schmelzer, vice president of state relations at the Wine Institute, described it as a desperate need for research. He noted that smoke taint has created tension between growers and vintners due to testing constraints.
Jackson Gualco, a lobbyist for winegrape growers, warned that the issue could create a stigma that a prized California product has less than full integrity.
Feds award first of $1B in community wildfire grants
The Biden administration on Monday awarded $197 million in grants to help 22 states and seven tribes prepare for the coming wildfire season.
The funding will boost firefighter housing and pay, treat fuels on federal forest lands and help manage fires, with a focus on low-income communities and tribes. The grants are the first from a new $1 billion community protection program that stems from $7 billion in wildfire funds from the Infrastructure Investment and Jobs Act and Inflation Reduction Act.
The 100 projects in the initial round will also help high-risk communities, nonprofit organizations and state forestry agencies establish protection plans and educate homeowners on prevention practices like cleaning roof gutters and clearing vegetation.
Read our full report at Agri-Pulse.com.
WOTUS ruling sparks divided response
A decision from a federal judge in Texas halting the implementation of WOTUS in Texas and Idaho prompted diverse reactions, even within the ag community.
The American Farm Bureau Federation cheered the injunction, the only one to be issued among a handful of lawsuits challenging the Biden administration rule, which went into effect Monday. AFBF President Zippy Duvall said the judge’s ruling “undermines the [EPA and Army Corps of Engineers’] rationale for pushing through this new rule before the Supreme Court rules in Sackett v. EPA.”
The National Cattlemen’s Beef Association, however, emphasized the fact that the rule would remain in effect in 48 states.
“While we appreciate the court’s injunction of the rule in Texas and Idaho, we are strongly disappointed in the decision to keep this WOTUS rule in place in 48 states,” said NCBA President Todd Wilkinson, a South Dakota cattle producer.
The National Wildlife Federation said the decision “sets a dangerous precedent that threatens the urgent restoration of federal clean water protections nationwide.”
The Supreme Court has yet to issue its Sackett decision, which could force EPA to take another look at the rule.
Read our full report at Agri-Pulse.com.
Food insecurity on the rise
As food prices increased over 10% from December 2021 until December 2022, the share of adults reporting food insecurity rose from 20% to 24.6%, according to a new report released by the Urban Institute.
Food insecurity hit Hispanic and Black adults at a higher level, nearly double the increase when compared to white adults.
“Households experiencing very low food security not only report reductions in dietary quality and variety but also experience reduced food intake and skipped meals, presenting a more severe indicator of household hunger,” the report states.
Food banks continued to report strong needs as federal support decreased and food costs increased. Nearly one in six adults (about 16%) reported their households received charitable food in 2022, down from 17.4% in 2021. That also was down from the height of usage in 2020 at 19.7%, but well above the pre-pandemic rate in 2019 of 12.7%.
Producers exercise caution as interest rates roil farm country
Federal Reserve action to curb inflation is also having an impact on the business decisions of American producers, according to a panel of ag economy experts speaking Monday at the Agri-Pulse Ag and Food Policy Summit.
Interest rates have ticked higher over the last year, and media reports indicate another quarter-point hike could take place this week. After years of robust commodity prices and a solid farm economy, many producers have cash on hand, and they’re using it to avoid relying on changes in the market for credit.
“The one place that the high interest rates are really bothering (farmers) is their operating notes,” Joe Outlaw, a professor and extension economist with Texas A&M, said during a panel discussion. “The cost of (planting) crops is so much more across the board; not just fertilizer went up, but everything went up.”
Read our full report at Agri-Pulse.com.
She said it:
“Imagine a world where your diagnosis is being treated by what’s on your plate, not what’s in a pill” – Cathy Burns, CEO of the International Fresh Produce Association, speaking on a panel about prescribing food as medicine at the Agri-Pulse Ag & Food Policy Summit.
Philip Brasher, Jacqui Fatka, Bill oms0n and Noah Wicks contributed to this report.
Biden WOTUS rule enjoined in Texas, Idaho
https://www.agri-pulse.com/articles/19089-biden-wotus-rule-enjoined-in-texas-idaho
As Inflation Squeezed Family Budgets, Food Insecurity Increased between 2021 and 2022 Subtitle Findings from the Well-Being and Basic Needs Survey
https://www.urban.org/research/publication/inflation-squeezed-family-budgets-food-insecurity-increased-between-2021-and-2022?utm_source=Agri-Pulse+Daybreak+WEST&utm_campaign=ee4016ecb3-EMAIL_CAMPAIGN_2023_03_21_02_44&utm_medium=email&utm_term=0_-ee4016ecb3-%5BLIST_EMAIL_ID%5D
submitted by Catvac-u-um_adnase to newtimes [link] [comments]
The Air Resources Board has denied a petition by environmental groups to phase out sulfuryl fluoride, a fumigant used in homes and food processing plants.
Californians for Pesticide Reform and the Center for Biological Diversity charged that the pesticide is a potent greenhouse gas. But CARB found the petition lacked data connecting the pesticide to a climate impact. The agency also worried about alternatives to the pesticide, potential economic impacts and a rise in termites in homes.
Rice commission seeks drought flexibility
State statute requires members of the California Rice Commission to be actively farming, even when half of the state’s rice fields go fallow. Now lawmakers are seeking more flexibility to ensure the commission represents all farmers.
The Assembly Ag Committee has approved a measure that would override the restriction during a drought emergency. Commission CEO Tim Johnson explained that the east side of the Sacramento Valley had a crop close to normal, while the west had almost no rice. Half of the valley now gets 80% of the votes, the rest only three seats.
Research could resolve tension in wine industry
A new bill is requesting $5 million to fund research into smoke taint in wine grapes.
The issue came to a head in 2020, when smoke taint led to $3.7 billion in losses. State, federal and private funding has since poured into research, but more is needed to identify the compounds and mitigate the impacts.
Tim Schmelzer, vice president of state relations at the Wine Institute, described it as a desperate need for research. He noted that smoke taint has created tension between growers and vintners due to testing constraints.
Jackson Gualco, a lobbyist for winegrape growers, warned that the issue could create a stigma that a prized California product has less than full integrity.
Feds award first of $1B in community wildfire grants
The Biden administration on Monday awarded $197 million in grants to help 22 states and seven tribes prepare for the coming wildfire season.
The funding will boost firefighter housing and pay, treat fuels on federal forest lands and help manage fires, with a focus on low-income communities and tribes. The grants are the first from a new $1 billion community protection program that stems from $7 billion in wildfire funds from the Infrastructure Investment and Jobs Act and Inflation Reduction Act.
The 100 projects in the initial round will also help high-risk communities, nonprofit organizations and state forestry agencies establish protection plans and educate homeowners on prevention practices like cleaning roof gutters and clearing vegetation.
Read our full report at Agri-Pulse.com.
WOTUS ruling sparks divided response
A decision from a federal judge in Texas halting the implementation of WOTUS in Texas and Idaho prompted diverse reactions, even within the ag community.
The American Farm Bureau Federation cheered the injunction, the only one to be issued among a handful of lawsuits challenging the Biden administration rule, which went into effect Monday. AFBF President Zippy Duvall said the judge’s ruling “undermines the [EPA and Army Corps of Engineers’] rationale for pushing through this new rule before the Supreme Court rules in Sackett v. EPA.”
The National Cattlemen’s Beef Association, however, emphasized the fact that the rule would remain in effect in 48 states.
“While we appreciate the court’s injunction of the rule in Texas and Idaho, we are strongly disappointed in the decision to keep this WOTUS rule in place in 48 states,” said NCBA President Todd Wilkinson, a South Dakota cattle producer.
The National Wildlife Federation said the decision “sets a dangerous precedent that threatens the urgent restoration of federal clean water protections nationwide.”
The Supreme Court has yet to issue its Sackett decision, which could force EPA to take another look at the rule.
Read our full report at Agri-Pulse.com.
Food insecurity on the rise
As food prices increased over 10% from December 2021 until December 2022, the share of adults reporting food insecurity rose from 20% to 24.6%, according to a new report released by the Urban Institute.
Food insecurity hit Hispanic and Black adults at a higher level, nearly double the increase when compared to white adults.
“Households experiencing very low food security not only report reductions in dietary quality and variety but also experience reduced food intake and skipped meals, presenting a more severe indicator of household hunger,” the report states.
Food banks continued to report strong needs as federal support decreased and food costs increased. Nearly one in six adults (about 16%) reported their households received charitable food in 2022, down from 17.4% in 2021. That also was down from the height of usage in 2020 at 19.7%, but well above the pre-pandemic rate in 2019 of 12.7%.
Producers exercise caution as interest rates roil farm country
Federal Reserve action to curb inflation is also having an impact on the business decisions of American producers, according to a panel of ag economy experts speaking Monday at the Agri-Pulse Ag and Food Policy Summit.
Interest rates have ticked higher over the last year, and media reports indicate another quarter-point hike could take place this week. After years of robust commodity prices and a solid farm economy, many producers have cash on hand, and they’re using it to avoid relying on changes in the market for credit.
“The one place that the high interest rates are really bothering (farmers) is their operating notes,” Joe Outlaw, a professor and extension economist with Texas A&M, said during a panel discussion. “The cost of (planting) crops is so much more across the board; not just fertilizer went up, but everything went up.”
Read our full report at Agri-Pulse.com.
She said it:
“Imagine a world where your diagnosis is being treated by what’s on your plate, not what’s in a pill” – Cathy Burns, CEO of the International Fresh Produce Association, speaking on a panel about prescribing food as medicine at the Agri-Pulse Ag & Food Policy Summit.
Philip Brasher, Jacqui Fatka, Bill oms0n and Noah Wicks contributed to this report.
Biden WOTUS rule enjoined in Texas, Idaho
https://www.agri-pulse.com/articles/19089-biden-wotus-rule-enjoined-in-texas-idaho
As Inflation Squeezed Family Budgets, Food Insecurity Increased between 2021 and 2022 Subtitle Findings from the Well-Being and Basic Needs Survey
https://www.urban.org/research/publication/inflation-squeezed-family-budgets-food-insecurity-increased-between-2021-and-2022?utm_source=Agri-Pulse+Daybreak+WEST&utm_campaign=ee4016ecb3-EMAIL_CAMPAIGN_2023_03_21_02_44&utm_medium=email&utm_term=0_-ee4016ecb3-%5BLIST_EMAIL_ID%5D
2023.03.21 19:59 missingmountains7 I am 33 Years old, just started a new job, and have $31,606 in Credit Card Debt
This was incredibly hard for me to write and admit., I'm sure I have forgotten important information and have errors.
DEEP IN DEBT DIARY TEMPLATE
Title: I am 33 years old, making $80,000 salary ( just started new job ) plus $21,300. Spouse ( 39 )makes $40 per hour plus $14,200, and we have $77,313 debt not including our mortgage.
SECTION ONE: Background
Job: Project Analyst ( new job ) & GIS Analyst
Industry: Finance
Location - MCOL, rural Texas
Context - I have worked for my MIL since 2015 with no benefits. My husband has worked for her since 2013 with no benefits. We were led to believe we would take over the business and have a really good secure income. Instead, we have made less than others in our same careers or near the same, but with no benefits, no paid holidays etc. We attempted to get the plan of action for us to take over starting in 2017, but were met with aggression and personality issues each time. It’s been a long mentally exhausting 5+ years. I have finally broken away.
SECTION TWO: Current Debt and Assets
Credit card debt: Total Credit Card Debt $31,606.30. Breakdown: Card 1 ($10,799.30 out of $14,500) Card 2 ( $17,002.84 out of $18,000 ) Card 3 ( $0 out $0 ) Card 4 ( $3,805 out of $5,000)
Personal loans: $0
Medical debt: $0 paid down from $18,000
Student loan debt (for what degree). $12,534.18 Bachelors in Engineering Technology. Already paid off over $15,000. His grandparents and parents paid for his undergrad; he saved up ( before we met ) and paid for his master's.
Remaining mortgage balance if you’re a homeowner. $298,000 remaining. Originally 318,000 at 4.84%. Yearly Dividends are around $3,500-$3,800.
Auto loans: Truck $19,781.71 u/2.25%, small SUV $13,390.64 @ 2.25%
Any other type of debt and how you accumulated it (e.g., payday loans, title loans). N/a
Retirement balance (and how you got there). Around $5000-$6,000 for both of us. This was from putting some into accounts we opened a few years ago.
Equity $502,000
Our first house was purchased for $82,000 in December 2010 with low interest. We sold it 2016 for $115,000 to buy our land.
To buy our land, we put some of the equity towards credit card debt and the rest towards purchasing the land for $150,000 at a 15 yr fixed rate of around 5% interest rate. We “rebuilt” our house starting Nov 2019 with a refinance and construction loan in one. We didn’t put any down, it was 90% loan to value. The house we built made the value ( once complete ) more than the loan. Currently, the estimated appraisal is around $800,000 leaving $498,000 in equity. We didn’t purchase and build in a typical way. We bought the 45 acres for 150k 4% or so15 year loan 3 years before refinancing with a construction loan. We did put down $15,000 to purchase the land originally.
Savings account balance: $200
Checking account balance: averages $4000-$5000 to cover all bills etc.
Any other assets that are applicable to you.
SECTION THREE: Income
Main Job Monthly Take Home aka Net Pay I just started my new job so I don’t know what the health insurance etc will look like. My salary is $80,000. My insurance is 80% covered. My husband makes $40/hour with no benefits besides two weeks of paid vacation.
Side Gig Monthly Take Home
We have owned a business for 10 years. It is a contract that has been $30,000 per year until this year; it is now $35,500. This is very part-time, part of the year. We have always worked on this in our free time, until 2021 when I did work it as my main job for that year and a half. We have had our real estate licenses since 2016; we didn’t make any money until 2019. It ranged from $15,000-$30,000, was in 2021. He is quitting real estate and I recently also quit.
Any Other Monthly Income Here
N/A
SECTION FOUR: Monthly Expenses
Mortgage $1676
Home insurance Annually $3,000
Property Taxes Annually $3,300
Private Health Insurance $580
Additional Retirement contribution N/A
Savings contribution N/A
Investment contribution N/A
Private School $350 plus $100 for aftercare
Trash Pickup $89/quarter
Husbands Life Insurance $51 monthly
My Life Insurance Annually $180
Debt payments We put extra money towards debt and get out of credit card debt most years, then go back into it. We paid the minimum from when I quit working full time for MIL until now.
Donations (please estimate monthly) I donate a lot; I’ve been on a minimalist journey for years and donate nearly everything. I used to also donate to St Jude's $25 a month.
Electricity averages $200-$275.
Water Averages $45-50
Sewage on a septic system
Internet $71 it will go up to $97 soon.
Cellphone $240 per quarter Mint
Subscriptions Apple TV $6.99, Apple Care $10.81, Discovery+ $6, Hulu Disney Bundle $5.39, Amazon $8 ( sister is taking over ), Netflix another sister usually pays for this,
Pet expenses Approximately $50
Car payment / insurance small SUV $317, truck $526. Yearly auto-ins. $1,000 for the truck, $600 suv
Parking/toll/gas/other transportation costs. $500-$700 we live out of town. It’s a 45-mile drive one way to go to a decent grocery store or to buy most things. Our town only has a tiny walmart ( limited options and bad produce ) and a very expensive small grocery store. He does get paid mileage but also has to have a 4x4 truck for work; although he doesn't work in the woods most days.
Regular therapy/other routine healthcare or wellness treatments. No insurance to cover it, but grandfathered in at $75 when I go. I/we used to go once or twice a month for years on and off. Our daughter did see a therapist last summer. She was $125 every two weeks for a couple of months.
Beauty/grooming not enough, honest. I may get a haircut twice a year and he gets his cut maybe once every few months. This will become more scheduled.
Paid hobbies nodda
Food/Drink Average $800 a month on groceries but during the worst times for us, $2000. I want to get this lower; we don’t buy meat so I feel like we need to do better planning.
Fun / Entertainment $0
Random House/Property stuff Averages $200 a month +
Clothes $0. Our daughter has a uniform for school; I tend to buy when on clearance. I’ve rarely bought anything since quitting MIL.
Any other expense that's relevant to you.
SECTION FIVE: [Write your Deep in Debt Diary here]
Please provide a detailed history of your debt accumulation and payments, including your pay at the time, any strategies you used to target your debt, and anecdotes about your experience. Example:
2010-2014 Worked as a draftsman while getting my associates in drafting. I was honest with them from the beginning about going back for a bachelor's. The most I made was $15/ hour with benefits only in the last year of employment. We started our contract work in 2013 at $25,000 per year.
2014 went back to college for a bachelor's degree and got my first real credit card. I don’t recall my balance when I started working on it but I would say it was over 3k. I also learned he had over 5k in cc debt when we started talking about combining our finances and working on debt. He was making $33 per hour with no benefits. Our contract was $25,000 per year which was broken up into equal payments over the year.
2016 - 2019 We combined out income and I took over finances completely with no help. I agreed to join the family business after finishing my degree in May 2016 and also got my real estate license ( boss MIL was also a broker). Worked full time from May until end of November when our child was born. I made $15-$25 in that time. We paid $800 per month for private insurance and had a traumatic delivery that came to another $18,000 after insurance coverage. I was scared of being one alone with my child; I had postpartum but didn’t tell anyone nor fully wanted to admit it to myself. Our daughter wasn’t easy going even as a baby, she had to be on my body at all times to be happy. She still gets bored easily. We spent a lot of money on stuff to entertain her at home; she never liked anything, not even a swing. We hired a nanny to be at our office with us full time from age 1 month to 3. We paid her $10 per hour in cash. Our daughter started pre-k at a private school at 3. $350 a month. Debt varied as always. I was at the office 40-45 hours but my boss used me to do real estate stuff she didn’t want to do which cut my hours to 30-32 per week hourly; I was never compensated for all of the real estate admin and website building. We both had our real estate licenses but never made anything until 2019-2022. It took up 8+ hours or so of my weekly hours then a lot of our weekends. In 2016, our contract work increased to $30,000 and payments changed to larger payments during our busy time of the year. I feel like that was when we started relying on that income to bail us out of debt.
Nov 2019-April 2020. Refinanced our land and did a construction loan to rebuild our house. Our daughter was out of school and at home with me working which was very hard. Our house was finished April 2020 two weeks before everything started shutting down further it seems. Debt was maybe around 10k because we forgot to plan for the carport that still doesn’t have a slab. It’s just dirt.
2020-2021 We told our boss MIL we were leaving the business. We were tired of the stress and chaos with her and low wages with no benefits. We were given raises ( $33 and $40 per hour ) to keep us there. I told her several months later in a formal notice I was quitting. I was guilt tripped and manipulated to stay; she stated we would make the changes necessary and I would start taking over her job. Of course nothing at all changed. I was a wreck and quit without notice 6 months later after trying again 2 months before because I was a serious mess. This hurt us financially because I wasn’t taking care of our finances and was too upset. I did take over our business contract work so we didn’t have to work on that during our free time. My husband was also a mess on and off, so we kept an emergency fund to support him quitting and finding a job. He told her twice he was quitting but could never follow through. We used up our emergency fund because we weren’t paying attention. Somehow spending 2k a month on groceries for several months. I hate that I have no clue how it happened and how much food waste we had.
2021-2023 I didn’t work for MIL from May 2021-October 2021 when I went back but only 10 hours per week. I went back because we needed the income. I typically worked 12 hours a week until leaving recently. We decided to move to Michigan; I feel like i sacrificed a lot staying in Texas ( I never wanted to ) and putting up with everything working for his mother and all the chaos and control that came with that. We will be moving end of May beginning on June. He still works for her and doesn’t have a set plan.
Reflection
I feel like our lives have been a wreck the last 3-6 years and I refuse to fall back into it. I feel like not having benefits has hurt us more than we ever imagined it would. Just this year so far we’ve paid $2400 for his emergency root canal and crown. $400 for a consultation and CT scan for my nose for sinus issues. $3500 for a new fence for our dogs. It seems to never end.
I was upset with myself for awhile; I am trying hard to focus on the future. We need to learn to plan and save for large expenses. I am highly considering separating our finances and splitting everything proportionally. He has yet to actually help me with managing our finances although I have mentioned and asked numerous times. He is also supposed to be evaluated for ADHD. He does try and he’s a great partner besides his mom problems and not helping with finances. He thinks just not spending money is enough for our finances. Our therapist thinks us getting away ( even if it is only part of the year ) will change my husband and his dynamic with his mother. I hope he will fall in love with where we are moving, and agree to stay there permanently and sell our home/property in Texas.
The above template was modified, with permission, from MoneyDiariesACTIVE.
submitted by missingmountains7 to ModestMoneyDiaries [link] [comments]
DEEP IN DEBT DIARY TEMPLATE
Title: I am 33 years old, making $80,000 salary ( just started new job ) plus $21,300. Spouse ( 39 )makes $40 per hour plus $14,200, and we have $77,313 debt not including our mortgage.
SECTION ONE: Background
Job: Project Analyst ( new job ) & GIS Analyst
Industry: Finance
Location - MCOL, rural Texas
Context - I have worked for my MIL since 2015 with no benefits. My husband has worked for her since 2013 with no benefits. We were led to believe we would take over the business and have a really good secure income. Instead, we have made less than others in our same careers or near the same, but with no benefits, no paid holidays etc. We attempted to get the plan of action for us to take over starting in 2017, but were met with aggression and personality issues each time. It’s been a long mentally exhausting 5+ years. I have finally broken away.
SECTION TWO: Current Debt and Assets
Credit card debt: Total Credit Card Debt $31,606.30. Breakdown: Card 1 ($10,799.30 out of $14,500) Card 2 ( $17,002.84 out of $18,000 ) Card 3 ( $0 out $0 ) Card 4 ( $3,805 out of $5,000)
Personal loans: $0
Medical debt: $0 paid down from $18,000
Student loan debt (for what degree). $12,534.18 Bachelors in Engineering Technology. Already paid off over $15,000. His grandparents and parents paid for his undergrad; he saved up ( before we met ) and paid for his master's.
Remaining mortgage balance if you’re a homeowner. $298,000 remaining. Originally 318,000 at 4.84%. Yearly Dividends are around $3,500-$3,800.
Auto loans: Truck $19,781.71 u/2.25%, small SUV $13,390.64 @ 2.25%
Any other type of debt and how you accumulated it (e.g., payday loans, title loans). N/a
Retirement balance (and how you got there). Around $5000-$6,000 for both of us. This was from putting some into accounts we opened a few years ago.
Equity $502,000
Our first house was purchased for $82,000 in December 2010 with low interest. We sold it 2016 for $115,000 to buy our land.
To buy our land, we put some of the equity towards credit card debt and the rest towards purchasing the land for $150,000 at a 15 yr fixed rate of around 5% interest rate. We “rebuilt” our house starting Nov 2019 with a refinance and construction loan in one. We didn’t put any down, it was 90% loan to value. The house we built made the value ( once complete ) more than the loan. Currently, the estimated appraisal is around $800,000 leaving $498,000 in equity. We didn’t purchase and build in a typical way. We bought the 45 acres for 150k 4% or so15 year loan 3 years before refinancing with a construction loan. We did put down $15,000 to purchase the land originally.
Savings account balance: $200
Checking account balance: averages $4000-$5000 to cover all bills etc.
Any other assets that are applicable to you.
SECTION THREE: Income
Main Job Monthly Take Home aka Net Pay I just started my new job so I don’t know what the health insurance etc will look like. My salary is $80,000. My insurance is 80% covered. My husband makes $40/hour with no benefits besides two weeks of paid vacation.
Side Gig Monthly Take Home
We have owned a business for 10 years. It is a contract that has been $30,000 per year until this year; it is now $35,500. This is very part-time, part of the year. We have always worked on this in our free time, until 2021 when I did work it as my main job for that year and a half. We have had our real estate licenses since 2016; we didn’t make any money until 2019. It ranged from $15,000-$30,000, was in 2021. He is quitting real estate and I recently also quit.
Any Other Monthly Income Here
N/A
SECTION FOUR: Monthly Expenses
Mortgage $1676
Home insurance Annually $3,000
Property Taxes Annually $3,300
Private Health Insurance $580
Additional Retirement contribution N/A
Savings contribution N/A
Investment contribution N/A
Private School $350 plus $100 for aftercare
Trash Pickup $89/quarter
Husbands Life Insurance $51 monthly
My Life Insurance Annually $180
Debt payments We put extra money towards debt and get out of credit card debt most years, then go back into it. We paid the minimum from when I quit working full time for MIL until now.
Donations (please estimate monthly) I donate a lot; I’ve been on a minimalist journey for years and donate nearly everything. I used to also donate to St Jude's $25 a month.
Electricity averages $200-$275.
Water Averages $45-50
Sewage on a septic system
Internet $71 it will go up to $97 soon.
Cellphone $240 per quarter Mint
Subscriptions Apple TV $6.99, Apple Care $10.81, Discovery+ $6, Hulu Disney Bundle $5.39, Amazon $8 ( sister is taking over ), Netflix another sister usually pays for this,
Pet expenses Approximately $50
Car payment / insurance small SUV $317, truck $526. Yearly auto-ins. $1,000 for the truck, $600 suv
Parking/toll/gas/other transportation costs. $500-$700 we live out of town. It’s a 45-mile drive one way to go to a decent grocery store or to buy most things. Our town only has a tiny walmart ( limited options and bad produce ) and a very expensive small grocery store. He does get paid mileage but also has to have a 4x4 truck for work; although he doesn't work in the woods most days.
Regular therapy/other routine healthcare or wellness treatments. No insurance to cover it, but grandfathered in at $75 when I go. I/we used to go once or twice a month for years on and off. Our daughter did see a therapist last summer. She was $125 every two weeks for a couple of months.
Beauty/grooming not enough, honest. I may get a haircut twice a year and he gets his cut maybe once every few months. This will become more scheduled.
Paid hobbies nodda
Food/Drink Average $800 a month on groceries but during the worst times for us, $2000. I want to get this lower; we don’t buy meat so I feel like we need to do better planning.
Fun / Entertainment $0
Random House/Property stuff Averages $200 a month +
Clothes $0. Our daughter has a uniform for school; I tend to buy when on clearance. I’ve rarely bought anything since quitting MIL.
Any other expense that's relevant to you.
SECTION FIVE: [Write your Deep in Debt Diary here]
Please provide a detailed history of your debt accumulation and payments, including your pay at the time, any strategies you used to target your debt, and anecdotes about your experience. Example:
2010-2014 Worked as a draftsman while getting my associates in drafting. I was honest with them from the beginning about going back for a bachelor's. The most I made was $15/ hour with benefits only in the last year of employment. We started our contract work in 2013 at $25,000 per year.
2014 went back to college for a bachelor's degree and got my first real credit card. I don’t recall my balance when I started working on it but I would say it was over 3k. I also learned he had over 5k in cc debt when we started talking about combining our finances and working on debt. He was making $33 per hour with no benefits. Our contract was $25,000 per year which was broken up into equal payments over the year.
2016 - 2019 We combined out income and I took over finances completely with no help. I agreed to join the family business after finishing my degree in May 2016 and also got my real estate license ( boss MIL was also a broker). Worked full time from May until end of November when our child was born. I made $15-$25 in that time. We paid $800 per month for private insurance and had a traumatic delivery that came to another $18,000 after insurance coverage. I was scared of being one alone with my child; I had postpartum but didn’t tell anyone nor fully wanted to admit it to myself. Our daughter wasn’t easy going even as a baby, she had to be on my body at all times to be happy. She still gets bored easily. We spent a lot of money on stuff to entertain her at home; she never liked anything, not even a swing. We hired a nanny to be at our office with us full time from age 1 month to 3. We paid her $10 per hour in cash. Our daughter started pre-k at a private school at 3. $350 a month. Debt varied as always. I was at the office 40-45 hours but my boss used me to do real estate stuff she didn’t want to do which cut my hours to 30-32 per week hourly; I was never compensated for all of the real estate admin and website building. We both had our real estate licenses but never made anything until 2019-2022. It took up 8+ hours or so of my weekly hours then a lot of our weekends. In 2016, our contract work increased to $30,000 and payments changed to larger payments during our busy time of the year. I feel like that was when we started relying on that income to bail us out of debt.
Nov 2019-April 2020. Refinanced our land and did a construction loan to rebuild our house. Our daughter was out of school and at home with me working which was very hard. Our house was finished April 2020 two weeks before everything started shutting down further it seems. Debt was maybe around 10k because we forgot to plan for the carport that still doesn’t have a slab. It’s just dirt.
2020-2021 We told our boss MIL we were leaving the business. We were tired of the stress and chaos with her and low wages with no benefits. We were given raises ( $33 and $40 per hour ) to keep us there. I told her several months later in a formal notice I was quitting. I was guilt tripped and manipulated to stay; she stated we would make the changes necessary and I would start taking over her job. Of course nothing at all changed. I was a wreck and quit without notice 6 months later after trying again 2 months before because I was a serious mess. This hurt us financially because I wasn’t taking care of our finances and was too upset. I did take over our business contract work so we didn’t have to work on that during our free time. My husband was also a mess on and off, so we kept an emergency fund to support him quitting and finding a job. He told her twice he was quitting but could never follow through. We used up our emergency fund because we weren’t paying attention. Somehow spending 2k a month on groceries for several months. I hate that I have no clue how it happened and how much food waste we had.
2021-2023 I didn’t work for MIL from May 2021-October 2021 when I went back but only 10 hours per week. I went back because we needed the income. I typically worked 12 hours a week until leaving recently. We decided to move to Michigan; I feel like i sacrificed a lot staying in Texas ( I never wanted to ) and putting up with everything working for his mother and all the chaos and control that came with that. We will be moving end of May beginning on June. He still works for her and doesn’t have a set plan.
Reflection
I feel like our lives have been a wreck the last 3-6 years and I refuse to fall back into it. I feel like not having benefits has hurt us more than we ever imagined it would. Just this year so far we’ve paid $2400 for his emergency root canal and crown. $400 for a consultation and CT scan for my nose for sinus issues. $3500 for a new fence for our dogs. It seems to never end.
I was upset with myself for awhile; I am trying hard to focus on the future. We need to learn to plan and save for large expenses. I am highly considering separating our finances and splitting everything proportionally. He has yet to actually help me with managing our finances although I have mentioned and asked numerous times. He is also supposed to be evaluated for ADHD. He does try and he’s a great partner besides his mom problems and not helping with finances. He thinks just not spending money is enough for our finances. Our therapist thinks us getting away ( even if it is only part of the year ) will change my husband and his dynamic with his mother. I hope he will fall in love with where we are moving, and agree to stay there permanently and sell our home/property in Texas.
The above template was modified, with permission, from MoneyDiariesACTIVE.
2023.03.21 19:43 Temporary_Noise_4014 Readen Holding Corporation (OTC Pink: RHCO) Announces Filing of December 31, 2022 Financial Statements with OTC Markets, Revenue Up 152%, Earnings Up 1,414%
 | submitted by Temporary_Noise_4014 to PennyHaven [link] [comments] https://preview.redd.it/n5lywr0t05pa1.jpg?width=700&format=pjpg&auto=webp&s=d12d2add4776458e1462ac24325032c595ed341d READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the quarter ending December 2022 with OTC Markets Disclosure & News Service. RHCO reported an increase in Revenue of 151.70% compared to the quarter ending September 2022, which is also a year-over-year increase of 665.25%. And the Company has recorded a profit of $822,343 for this period, an impressive increase of 1,413.99% compared to last quarter. https://preview.redd.it/9sjbt22r05pa1.png?width=1298&format=png&auto=webp&s=1dbcae25b7ee9298e5f0cbb2e55568939ddf83f1 The encouraging result was due to the recent activities in Oke Partners and Oke Club, which have brought significant income to the Company. As Covid restrictions started to relax in Q4 of 2022, travel and retail sectors were back on track to normal. Oke Club (Oke Travel Club: oketravelclub.enjoymydeals.com) has been benefited from the resume of traveling with a solid growth of paid membership. And Oke Partners (www.okepartners.com) also saw growth in members and merchants which has increased the consumer spendings through OkeApp. The Company will realize a full scale, multiple channels marketing campaign for Oke Partners and Oke Club in coming months and expects even bigger growth in the aftermath of Covid. Meanwhile, Neckermann Direct (www.neckermanndirect.eu) - the Company’s B2C E-commerce Platform has also contributed profits significantly. RHCO has revived Neckermann Direct last year, turning the 70 years old, one of the most well-known retails brands in Europe into a front runner of global E-commerce, and providing a platform for Asian merchants and products to enter European market. The Company has captured the market opportunity, as E-commerce giant Amazon blocked numerous Chinese merchant accounts and forced many Chinese companies to seek other direct selling channels. Neckermann Direct welcomes cross-border merchants from Asia to directly sell their products to customers in Europe, activity bridging the gap between European customers and Asian merchants and has already added more than 150,000 products online. This has resulted in tremendous sales growth on Neckermann Direct platform. Richard Klitsie, CEO of RHCO stated, “The management team of RHCO is thrilled to present our stockholders this good news in the beginning of 2023. For many companies, the past two years have been very difficult due to Covid situations. Our Company managed to keep on building, developing and exploring under the same circumstances, because we always believe in the future of Fintech and E-Commerce and would not give in easily. This profitable Q4 2022 was the result of our hard work and strong resilience. Our team has a high spirit, and we expect to sustain the percentage of growth in revenue and profit for the next quarter.” |
2023.03.21 19:41 SnooMemesjellies7591 Misled by chiropractor, billed for services not rendered, neck injuries, should I take them to small claims court?
I filed a complaint to WA Board of Chiropractor and they told me they don't handle billing issues.I only got the neck adjustment. I specifically asked my insurance.
Cash rate is advertised as $60. I also never signed any sort of contract with this chiropractor promising not to sue them in case of any medical injuries that arised from the adjustments.
I ended up paying $35 more per visit than if I just did the cash rate without insurance. With 20+ visits, this resulted in overpaying $750, an amount I would go to court over.
This was paid by credit card, so the first option is disputing the charges. I have not yet heard back after reporting it to CFPB.
Background: I had scoliosis and rounded shoulders with severe upper neck and back pain and several doctors including ones abroad at the time recommended me to go see a chiropractor, acupuncturist, or physical therapist to relax the muscles and fix my posture. In hindsight I should not have listened to the advice of my doctor, but I do feel much better now that it doesn't bother me every day. The problem is my Aetna HDHP misled the coverage of chiorpractor adjustments, causing me to pay way more than if I just not had insurance and paid cash. I signed up for the Aetna insurance through my employer so that I can contribute to an HSA at the time with employer contributions, but the tax benefits were not worth the extras I have to pay per chiropractor visit.
Thanks
submitted by SnooMemesjellies7591 to Washington [link] [comments]
Cash rate is advertised as $60. I also never signed any sort of contract with this chiropractor promising not to sue them in case of any medical injuries that arised from the adjustments.
I ended up paying $35 more per visit than if I just did the cash rate without insurance. With 20+ visits, this resulted in overpaying $750, an amount I would go to court over.
This was paid by credit card, so the first option is disputing the charges. I have not yet heard back after reporting it to CFPB.
Background: I had scoliosis and rounded shoulders with severe upper neck and back pain and several doctors including ones abroad at the time recommended me to go see a chiropractor, acupuncturist, or physical therapist to relax the muscles and fix my posture. In hindsight I should not have listened to the advice of my doctor, but I do feel much better now that it doesn't bother me every day. The problem is my Aetna HDHP misled the coverage of chiorpractor adjustments, causing me to pay way more than if I just not had insurance and paid cash. I signed up for the Aetna insurance through my employer so that I can contribute to an HSA at the time with employer contributions, but the tax benefits were not worth the extras I have to pay per chiropractor visit.
Thanks
2023.03.21 19:41 Temporary_Noise_4014 Readen Holding Corporation (OTC Pink: RHCO) Announces Filing of December 31, 2022 Financial Statements with OTC Markets, Revenue Up 152%, Earnings Up 1,414%
 | submitted by Temporary_Noise_4014 to Penny_Stock_USA [link] [comments] https://preview.redd.it/jhvuriah05pa1.jpg?width=700&format=pjpg&auto=webp&s=a367dfdbb3b0a2f6805163a972430e2bce6b14b0 READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the quarter ending December 2022 with OTC Markets Disclosure & News Service. RHCO reported an increase in Revenue of 151.70% compared to the quarter ending September 2022, which is also a year-over-year increase of 665.25%. And the Company has recorded a profit of $822,343 for this period, an impressive increase of 1,413.99% compared to last quarter. https://preview.redd.it/gfj0wv1j05pa1.png?width=1298&format=png&auto=webp&s=d902334f9d2d46f185d0302d8cab60f46e77e6d4 The encouraging result was due to the recent activities in Oke Partners and Oke Club, which have brought significant income to the Company. As Covid restrictions started to relax in Q4 of 2022, travel and retail sectors were back on track to normal. Oke Club (Oke Travel Club: oketravelclub.enjoymydeals.com) has been benefited from the resume of traveling with a solid growth of paid membership. And Oke Partners (www.okepartners.com) also saw growth in members and merchants which has increased the consumer spendings through OkeApp. The Company will realize a full scale, multiple channels marketing campaign for Oke Partners and Oke Club in coming months and expects even bigger growth in the aftermath of Covid. Meanwhile, Neckermann Direct (www.neckermanndirect.eu) - the Company’s B2C E-commerce Platform has also contributed profits significantly. RHCO has revived Neckermann Direct last year, turning the 70 years old, one of the most well-known retails brands in Europe into a front runner of global E-commerce, and providing a platform for Asian merchants and products to enter European market. The Company has captured the market opportunity, as E-commerce giant Amazon blocked numerous Chinese merchant accounts and forced many Chinese companies to seek other direct selling channels. Neckermann Direct welcomes cross-border merchants from Asia to directly sell their products to customers in Europe, activity bridging the gap between European customers and Asian merchants and has already added more than 150,000 products online. This has resulted in tremendous sales growth on Neckermann Direct platform. Richard Klitsie, CEO of RHCO stated, “The management team of RHCO is thrilled to present our stockholders this good news in the beginning of 2023. For many companies, the past two years have been very difficult due to Covid situations. Our Company managed to keep on building, developing and exploring under the same circumstances, because we always believe in the future of Fintech and E-Commerce and would not give in easily. This profitable Q4 2022 was the result of our hard work and strong resilience. Our team has a high spirit, and we expect to sustain the percentage of growth in revenue and profit for the next quarter.” |
2023.03.21 19:40 Temporary_Noise_4014 Readen Holding Corporation (OTC Pink: RHCO) Announces Filing of December 31, 2022 Financial Statements with OTC Markets, Revenue Up 152%, Earnings Up 1,414%
 | submitted by Temporary_Noise_4014 to pennystocks_No_Rules [link] [comments] https://preview.redd.it/m56i9p8f05pa1.jpg?width=700&format=pjpg&auto=webp&s=4e65f0319020265cf9b751e0586f758508b961f4 READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the quarter ending December 2022 with OTC Markets Disclosure & News Service. RHCO reported an increase in Revenue of 151.70% compared to the quarter ending September 2022, which is also a year-over-year increase of 665.25%. And the Company has recorded a profit of $822,343 for this period, an impressive increase of 1,413.99% compared to last quarter. https://preview.redd.it/kije2wyd05pa1.png?width=1298&format=png&auto=webp&s=5c67042c08bb52740b48f60cfb418c4609ba061b The encouraging result was due to the recent activities in Oke Partners and Oke Club, which have brought significant income to the Company. As Covid restrictions started to relax in Q4 of 2022, travel and retail sectors were back on track to normal. Oke Club (Oke Travel Club: oketravelclub.enjoymydeals.com) has been benefited from the resume of traveling with a solid growth of paid membership. And Oke Partners (www.okepartners.com) also saw growth in members and merchants which has increased the consumer spendings through OkeApp. The Company will realize a full scale, multiple channels marketing campaign for Oke Partners and Oke Club in coming months and expects even bigger growth in the aftermath of Covid. Meanwhile, Neckermann Direct (www.neckermanndirect.eu) - the Company’s B2C E-commerce Platform has also contributed profits significantly. RHCO has revived Neckermann Direct last year, turning the 70 years old, one of the most well-known retails brands in Europe into a front runner of global E-commerce, and providing a platform for Asian merchants and products to enter European market. The Company has captured the market opportunity, as E-commerce giant Amazon blocked numerous Chinese merchant accounts and forced many Chinese companies to seek other direct selling channels. Neckermann Direct welcomes cross-border merchants from Asia to directly sell their products to customers in Europe, activity bridging the gap between European customers and Asian merchants and has already added more than 150,000 products online. This has resulted in tremendous sales growth on Neckermann Direct platform. Richard Klitsie, CEO of RHCO stated, “The management team of RHCO is thrilled to present our stockholders this good news in the beginning of 2023. For many companies, the past two years have been very difficult due to Covid situations. Our Company managed to keep on building, developing and exploring under the same circumstances, because we always believe in the future of Fintech and E-Commerce and would not give in easily. This profitable Q4 2022 was the result of our hard work and strong resilience. Our team has a high spirit, and we expect to sustain the percentage of growth in revenue and profit for the next quarter.” |
2023.03.21 19:40 Temporary_Noise_4014 Readen Holding Corporation (OTC Pink: RHCO) Announces Filing of December 31, 2022 Financial Statements with OTC Markets, Revenue Up 152%, Earnings Up 1,414%
 | submitted by Temporary_Noise_4014 to StonkFeed [link] [comments] https://preview.redd.it/yn37vtvb05pa1.jpg?width=700&format=pjpg&auto=webp&s=8cb5994e00248e4fbe3e7a1f6d4435b8df7be002 READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the quarter ending December 2022 with OTC Markets Disclosure & News Service. RHCO reported an increase in Revenue of 151.70% compared to the quarter ending September 2022, which is also a year-over-year increase of 665.25%. And the Company has recorded a profit of $822,343 for this period, an impressive increase of 1,413.99% compared to last quarter. https://preview.redd.it/vuzse3za05pa1.png?width=1298&format=png&auto=webp&s=6b4096843b7a0f0ee070a97305be286434a36b99 The encouraging result was due to the recent activities in Oke Partners and Oke Club, which have brought significant income to the Company. As Covid restrictions started to relax in Q4 of 2022, travel and retail sectors were back on track to normal. Oke Club (Oke Travel Club: oketravelclub.enjoymydeals.com) has been benefited from the resume of traveling with a solid growth of paid membership. And Oke Partners (www.okepartners.com) also saw growth in members and merchants which has increased the consumer spendings through OkeApp. The Company will realize a full scale, multiple channels marketing campaign for Oke Partners and Oke Club in coming months and expects even bigger growth in the aftermath of Covid. Meanwhile, Neckermann Direct (www.neckermanndirect.eu) - the Company’s B2C E-commerce Platform has also contributed profits significantly. RHCO has revived Neckermann Direct last year, turning the 70 years old, one of the most well-known retails brands in Europe into a front runner of global E-commerce, and providing a platform for Asian merchants and products to enter European market. The Company has captured the market opportunity, as E-commerce giant Amazon blocked numerous Chinese merchant accounts and forced many Chinese companies to seek other direct selling channels. Neckermann Direct welcomes cross-border merchants from Asia to directly sell their products to customers in Europe, activity bridging the gap between European customers and Asian merchants and has already added more than 150,000 products online. This has resulted in tremendous sales growth on Neckermann Direct platform. Richard Klitsie, CEO of RHCO stated, “The management team of RHCO is thrilled to present our stockholders this good news in the beginning of 2023. For many companies, the past two years have been very difficult due to Covid situations. Our Company managed to keep on building, developing and exploring under the same circumstances, because we always believe in the future of Fintech and E-Commerce and would not give in easily. This profitable Q4 2022 was the result of our hard work and strong resilience. Our team has a high spirit, and we expect to sustain the percentage of growth in revenue and profit for the next quarter.” |
2023.03.21 19:33 Temporary_Noise_4014 Enterprise Group Announces Results for Fourth Quarter and Full Year 2022 (TSX: E and OTCQB: ETOLF)
 | St. Albert, Alberta--(Newsfile Corp. - March 20, 2023) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energy/resource sector), is pleased to announce its Q4 2022 and FY2022 results. submitted by Temporary_Noise_4014 to CanadianStockExchange [link] [comments] https://preview.redd.it/sa8b3lf3z4pa1.png?width=266&format=png&auto=webp&s=de6dcdd0c4a3c0bc4f437326c2e2c3b993f173d8 OVERALL PERFORMANCE AND RESULTS OF OPERATIONS https://preview.redd.it/h70yxpn4z4pa1.jpg?width=1427&format=pjpg&auto=webp&s=f7a2dd9aafb2e69393c79fe41c23847cbd369c51 (1) Identified and defined under "Non-IFRS Measures". (2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. To provide further comparability to pre-COVID operations, the Company has presented adjusted gross margin and adjusted EBITDA to reflect the results of operations without any subsidy programs.
Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com. For questions or additional information, please contact: Leonard Jaroszuk: President & CEO, or Desmond O'Kell: Senior Vice-President [[email protected]](mailto:[email protected]) 780-418-4400 |
2023.03.21 19:32 Temporary_Noise_4014 Enterprise Group Announces Results for Fourth Quarter and Full Year 2022 (TSX: E and OTCQB: ETOLF)
 | St. Albert, Alberta--(Newsfile Corp. - March 20, 2023) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energy/resource sector), is pleased to announce its Q4 2022 and FY2022 results. submitted by Temporary_Noise_4014 to pennystocks [link] [comments] https://preview.redd.it/p0i8lclty4pa1.png?width=266&format=png&auto=webp&s=5bdc2dd98ee2dfde2b775cb5d7bf19489e18584e OVERALL PERFORMANCE AND RESULTS OF OPERATIONS https://preview.redd.it/0i48aaisy4pa1.jpg?width=1427&format=pjpg&auto=webp&s=8308faf471486524d4bd8a4629e6720f8116a080 (1) Identified and defined under "Non-IFRS Measures". (2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. To provide further comparability to pre-COVID operations, the Company has presented adjusted gross margin and adjusted EBITDA to reflect the results of operations without any subsidy programs.
Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com. For questions or additional information, please contact: Leonard Jaroszuk: President & CEO, or Desmond O'Kell: Senior Vice-President [[email protected]](mailto:[email protected]) 780-418-4400 |
2023.03.21 19:31 Temporary_Noise_4014 Enterprise Group Announces Results for Fourth Quarter and Full Year 2022 (TSX: E and OTCQB: ETOLF)
 | St. Albert, Alberta--(Newsfile Corp. - March 20, 2023) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energy/resource sector), is pleased to announce its Q4 2022 and FY2022 results. submitted by Temporary_Noise_4014 to Canadapennystocks [link] [comments] https://preview.redd.it/mn1of1hky4pa1.png?width=266&format=png&auto=webp&s=ca70496dee8c9ffd8f7759e455a3c2e0bb1e606a OVERALL PERFORMANCE AND RESULTS OF OPERATIONS https://preview.redd.it/5uvsnmhmy4pa1.jpg?width=1427&format=pjpg&auto=webp&s=855b1782e6f937781d21effc0859bdd900206b20 (1) Identified and defined under "Non-IFRS Measures". (2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. To provide further comparability to pre-COVID operations, the Company has presented adjusted gross margin and adjusted EBITDA to reflect the results of operations without any subsidy programs.
Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com. For questions or additional information, please contact: Leonard Jaroszuk: President & CEO, or Desmond O'Kell: Senior Vice-President [[email protected]](mailto:[email protected]) 780-418-4400 |
2023.03.21 19:30 Temporary_Noise_4014 Enterprise Group Announces Results for Fourth Quarter and Full Year 2022 (TSX: E and OTCQB: ETOLF)
 | St. Albert, Alberta--(Newsfile Corp. - March 20, 2023) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energy/resource sector), is pleased to announce its Q4 2022 and FY2022 results. submitted by Temporary_Noise_4014 to marketpredictors [link] [comments] https://preview.redd.it/x73mibody4pa1.png?width=266&format=png&auto=webp&s=2a64480216909add3072f410f0e2c4d2765717fe OVERALL PERFORMANCE AND RESULTS OF OPERATIONS https://preview.redd.it/r8on925hy4pa1.jpg?width=1427&format=pjpg&auto=webp&s=8171174ca6b032c4853b83c320574f653949fb44 (1) Identified and defined under "Non-IFRS Measures". (2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. To provide further comparability to pre-COVID operations, the Company has presented adjusted gross margin and adjusted EBITDA to reflect the results of operations without any subsidy programs.
Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com. For questions or additional information, please contact: Leonard Jaroszuk: President & CEO, or Desmond O'Kell: Senior Vice-President [[email protected]](mailto:[email protected]) 780-418-4400 |
2023.03.21 18:11 rollwiththechanges Positive experience with Vamos rental car company
Hi guys, just got back from a great vacation in Costa Rica with my wife & son. Based on advice from this subreddit, I decided to go with Vamos for renting a car.
First off, just generally, we had a good experience from the beginning. They were waiting for us at the airport, and shuttled us over to the office, which is only a couple of minutes away. They were friendly and professional, everything was as expected and went smoothly. A key thing, that turned out later to be a wise decision for us, was to pay for the full insurance up front.
So, we left SJO and drove up to La Fortuna the day of arrival. The next morning, we were heading out to breakfast, and unfortunately, I got into a collision. It was my fault, I got distracted or something, not sure exactly, but I turned left in front of an oncoming taxi without enough space between us, so the taxi hit us in the right front of my vehicle.
FYI, the way things work in Costa Rica (as explained beforehand by Vamos) is:
So, at first I thought the car might be driveable... it had some dents in the front quarter panel and front passenger door, but the headlights weren't damaged. But when I tried driving it back to where were staying, I found out that the steering was quite affected. I could drive it slowly and fight it a bit to go in a straight line, but it wasn't safe beyond limping slowly about 1 km back to our place.
So then I called Vamos again and explained that I would need a replacement vehicle. Since the one I had wasn't driveable, they needed to put the replacement vehicle on a flatbed tow truck in San Jose, drive that up to me, swap it for the damaged vehicle, and drive that one back on the truck. As you know it's a 3+ hour trip from San Jose to La Fortuna, but they got right on the ball and brought it to me that same evening. I gave the tow truck driver the paper police report and my copy of the insurance report.
The rest of the trip went smooth, and of course I was extra extra careful with the 2nd vehicle. Honestly I was paranoid, I couldn't imagine having to call them up and tell them something happened to the 2nd one!
So, at the end of the trip, upon returning the vehicle to Vamos, everything when smooth and easy again. No hassles, no extra paperwork, no attitude, still super friendly.
So... big points to Vamos for being a great company to rent from. And, I recommend getting the full insurance if you can manage it -- really it took a lot of stress off me by not having to deal with any of that.
submitted by rollwiththechanges to CostaRicaTravel [link] [comments]
First off, just generally, we had a good experience from the beginning. They were waiting for us at the airport, and shuttled us over to the office, which is only a couple of minutes away. They were friendly and professional, everything was as expected and went smoothly. A key thing, that turned out later to be a wise decision for us, was to pay for the full insurance up front.
So, we left SJO and drove up to La Fortuna the day of arrival. The next morning, we were heading out to breakfast, and unfortunately, I got into a collision. It was my fault, I got distracted or something, not sure exactly, but I turned left in front of an oncoming taxi without enough space between us, so the taxi hit us in the right front of my vehicle.
FYI, the way things work in Costa Rica (as explained beforehand by Vamos) is:
- you don't move your vehicle from the roadway initially
- you call 911 - this will send out a traffic police crew, who will make a police report. When they say it's OK, you can then move the car off the road.
- you call the insurance company - they will send out an insurance representative who will do their own report
- you call Vamos
So, at first I thought the car might be driveable... it had some dents in the front quarter panel and front passenger door, but the headlights weren't damaged. But when I tried driving it back to where were staying, I found out that the steering was quite affected. I could drive it slowly and fight it a bit to go in a straight line, but it wasn't safe beyond limping slowly about 1 km back to our place.
So then I called Vamos again and explained that I would need a replacement vehicle. Since the one I had wasn't driveable, they needed to put the replacement vehicle on a flatbed tow truck in San Jose, drive that up to me, swap it for the damaged vehicle, and drive that one back on the truck. As you know it's a 3+ hour trip from San Jose to La Fortuna, but they got right on the ball and brought it to me that same evening. I gave the tow truck driver the paper police report and my copy of the insurance report.
The rest of the trip went smooth, and of course I was extra extra careful with the 2nd vehicle. Honestly I was paranoid, I couldn't imagine having to call them up and tell them something happened to the 2nd one!
So, at the end of the trip, upon returning the vehicle to Vamos, everything when smooth and easy again. No hassles, no extra paperwork, no attitude, still super friendly.
So... big points to Vamos for being a great company to rent from. And, I recommend getting the full insurance if you can manage it -- really it took a lot of stress off me by not having to deal with any of that.
2023.03.21 18:05 alpha_bionics Stock News - "Plus, she says, "know that curiosity, being a good listener and having the ability to work alone are coveted skills — and all common traits among introverts.
"Plus, she says, "know that curiosity, being a good listener and having the ability to work alone are coveted skills — and all common traits among introverts. All Rights Reserved. "Disclosure: Comcast, the parent company of CNBC, is a client of Included Health. DON'T MISS: Want to be smarter and more successful with your money, work & life?A Division of NBCUniversalData is a real-time snapshot *Data is delayed at least 15 minutes. "That tends to be a default test that gets ordered, even if only a couple tests are necessary," says Thames. "CPT language is confusing, but for any planned procedure, either the clinician or someone in the clinician's office should be able to supply the codes needed. "Coverage can mean very different things," depending on the interpretation, says Thames. "There's different formulations: There's Metformin that you can take a couple times a day, and then there's an extended release version that's more expensive. "That's because a medical provider might not be familiar with the dozens of health insurance policies their patients have, including yours, says Thames. For example, sometimes doctors order a diagnostic lab test called a "comprehensive metabolic panel," which measures up to 14 substances in your blood. "— CNBC's Alex Harring, Jesse Pound, Tanaya Macheel and Michelle Fox Theobald contributed reporting. Got a confidential news tip?says Thames. In almost all cases, generic medications are less expensive than brand-name medications, says Thames. © 2023 CNBC LLC. While doctors might typically prescribe the extended relief version out of convenience for the patient, they might not be thinking about the increased costs, he says. The Credit Suisse AT1 prospectus, seen by CNBC, does suggest shareholders may be prioritized over these bondholders — but specifically if the bank fails. by your health insurance, ask both your health-care provider and insurer what your total out-of-pocket costs should be, before you get treatment. Yes, its underlying objective is a professional one — to be offered the role you've applied for. For introverts, for example, the job interview can be especially taxing. ""You sound even dumber than he does during his illiterate ramblings," Daniels added. "One very common medicine that we use for patients with diabetes is a medicine called Metformin," Thames says. - Alpha AI
submitted by alpha_bionics to Alpha_Markets [link] [comments]
2023.03.21 17:26 GSynaesthesia Which Players Should Liverpool Sign? A (Hopefully) Comprehensive Look at Liverpool's (Belated) Rebuild
 | With Liverpool's season effectively over at the Bernabeu, many have turned their attention towards the upcoming rebuild instead of our final push in the contention for the CL spot. Journalists, Klopp, and even the players themselves have referenced over and over again the necessity of new signings with departures rumoured if not confirmed. The signs are there for a summer overhaul of the squad; this rebuild will in all likelihood be Klopp's final attempt at building a title-challenging Liverpool. submitted by GSynaesthesia to LiverpoolFC [link] [comments] Through writing this, I hope that I can illustrate what our rebuild should entail, what kind of players Liverpool should sign in the upcoming transfer window and several candidates that should fit this assessment. For the sake of brevity, I won't be as detailed with the stats as my Mane post, more so due to the scale of a rebuild in comparison with replacing a single player. Also, bear in mind that personally, I see most of the candidates listed here as unrealistic signings. Even if unrealistic, these players should at least paint a picture of the kind of players we should be looking at in the summer. Having said that, let's take a look at Liverpool's current line-up and assess where we can strengthen the ageing and declining squad. 1. Assessing Liverpool’s Decline1.1. The AcademyLet’s start with what I consider to be the club’s most important infrastructure: the academy. Our youth intake can now boast another future starter in their most recent graduate: Stefan Bajcetic; a proud moment for the academy, and a tragic one for our midfield. Aside from Bajcetic, plenty of soon-to-be academy graduates are also shaping up their game with Conor Bradley, Leighton Clarkson, Sepp van den Berg, and Tyler Morton all playing a role in their respective loans.Stefan Bajcetic, Sepp van den Berg, Tyler Morton, Conor Bradley, and Leighton Clarkson The current academy squad is also no slouch, with Ben Doak and Kaide Gordon leading the way well beyond their age peers. Amongst the current crop of our young talents, I also suggest taking notes on Bobby Clark, Isaac Mabaya, Luke Chambers, Melkamu Frauendorf, Oakley Cannonier, and Trent Kone-Doherty. These are talented youngsters that in all likelihood will feature in the early stages of our annual youth-driven Carabao campaign, and might be sitting on the bench should an injury crisis emerge. All in all, a pretty healthy youth setup full of promising youngsters with room to grow. 1.2. GoalkeepersNext are our number 1s: Alisson, Kelleher, and Adrian. With that line-up of goalkeepers, right now goalkeeping is the least of Liverpool’s worries. Alisson this season has been one of if not outright the best goalkeeper in the world, with 29 goals conceded out of a post-shot expected goal (PSxG) of 37.2. Outperforming one's PSxG can be explained by either luck or skill, and personally, I do think the latter is a more plausible explanation than the former for Ali. Other websites would illustrate this point through terms such as PSxG-GA or "goals prevented"; in Ali's case, he would have a top 5 league-leading "goals prevented" of 8.2.Kelleher and Adrian are solid backups and unfortunately, that solidity is one reason why Liverpool should be looking at signing a backup goalkeeper. Kelleher should now have plenty of suitors seeking his services after his cup heroics. With his game time limited by the best keeper in the world, he should now be looking at other clubs as the next step in his career. While Adrian remains a solid 3rd option, his recent cameos leave much to be desired as our first backup. Of course, Harvey Davies from the academy could step up to the occasion as his predecessors had risen for the backup spot: Kelleher and Ward. A safer option though is signing a deputy goalkeeper in the case of Kelleher’s departure. 1.3. DefendersUnlike our excellent goalkeeping situation, the players forming our backline seems to have declined significantly in terms of performance. From a title-challenging backline to conceding 3 more goals in 12 fewer games, the regression of our defence is far too steep to be justified by the midfield’s mediocrity alone. Similarly, placing our woes solely on the backline would mean missing the bigger context of what went wrong with Liverpool’s defence.Surprisingly, certain players are actually outputting more numbers in their defensive stats this season. This can indicate either an improvement in defensive abilities or failure of defensive duties from the midfield; both are valid interpretations of the data available. Looking at the data within this context, 4 data points jump out as highlights of our declining back-line: Aerial duels along with challenges lost for Gomez, Matip, and Virgil, and carries into the final third along with dispossession for Robertson and Trent. Long gone are the days of Matip and Virgil clattering every striker competing for long balls. In aerial duels, both are shadows of themselves compared to their title-winning season. As for challenges lost, Gomez and Matip’s erratic charts can be explained by their injury woes; what is far more concerning in my opinion is Virgil’s steady decline since 2021. What started out as scouting a replacement for Matip might end up as the search for Virgil’s successor. A comparison of Gomez, Matip, and Virgil's aerial duels won and challenges lost in the Premier League in the last 4 years, courtesy of FBRef.com As for Robertson and Trent, two trends are observable in their charts. The first is that our fullbacks are no longer playing as two pseudo-wingers terrorizing the opposing backline. Trent in particular seemed to have adopted a far more conservative approach in progressing the ball and occupying a deeper space behind Salah. One could argue that Henderson’s decline and a growing reluctance to cover for Trent led to this transition, but another thing to note is that the same trend can be observed with Robertson this year. It wouldn’t be unreasonable to say that currently, our fullbacks are being held back by a lack of adequate defensive cover in the midfield. A comparison of Robertson and Trent's carries into final third and dispossessed in the Premier League in the last 4 years, courtesy of FBRef.com The second observable trend is that our fullbacks are also losing the ball far more often than they had done in our title-winning year. Although that might sound obvious as a result of their predisposition to overlap and deliver dangerous crosses, keep in mind that our fullbacks are becoming more conservative over the years. This means that when they do lose possession, they more often than not lose it in areas closer to our goal than ever before. The lack of defensive midfielders covering for them along with our high defensive line exacerbates this conundrum of frequently conceding possession in dangerous areas. Within this context, it comes as no surprise that Ramsay lacks Klopp’s trust whilst Milner seems to be playing more often as the deputy right back. Placing the teenager whilst opposing clubs are actively targeting his side of the pitch would be a literal baptism by fire. Milner on the other hand has the experience to stop the opposing team’s quick transition in these areas through a combination of gamesmanship and tactical fouling. Speaking of deputies, Tsimikas’s excellent showing in cameos should now interest other clubs seeking services. Unfortunately, we now face the same situation as Kelleher with a backup option too good to happily accept a bench role. The sensible thing to do now would be to sell him off at his highest value and sign a backup left back with the potential to Robertson’s place. All in all, a noticeable drop off in comparison to 2019/2020 for all defenders involved, and unfortunately a steep decline from Matip whose departure might be the best course of action for all parties involved. Should Virgil continue to regress further along the season, signing a successor needs to be a priority in the summer transfer window. In addition, Klopp needs to either trust Ramsay in Trent’s role or sign a new deputy right back alongside a possible replacement for Tsimikas in the summer window. 1.4. MidfieldersAnyone blessed with the gift of sight can clearly see our midfield as the biggest culprit of Liverpool’s recent misery. More specifically, the two stalwarts of Liverpool’s midfield three, Fabinho and Henderson, seem to have fallen off a cliff form-wise. Injuries to Keita, Ox, Thiago and even loanee Arthur make matters worse as Liverpool struggle to field a reliable midfield.Taking a look at the defensive stats of our number 6s we can clearly see a decline in every facet of their defensive contributions A comparison of Fabinho and Henderson's aerials won and dribblers tackled in the Premier League in the last 4 years, courtesy of FBRef.com Aerial duels, ground duels, interceptions; every stat line serve as a testament to the decline we’re seeing in every match of the season. If the charts didn’t convince you that we needed an entire midfield overhaul in the summer, nothing probably could. Signing a replacement for the defensive midfielder role should be the number one priority for the next transfer window, and it probably would be if we didn’t have a circus at our number 8 positions. A comparison of Fabinho and Henderson's interceptions and tackles in the Premier League in the last 4 years, courtesy of FBRef.com For our box-to-box midfielders, we have Elliott and Jones who couldn’t contribute much defensively, Keita and Ox leaving in the summer, along with injuries to Arthur and Thiago. This perfect concoction of a shitshow we’re currently facing means that 18 years old Bajcetic and 37 years old Milner are somehow competing as Liverpool’s best midfielder this season; something has clearly gone terribly wrong. Reinforcements for the midfield, especially box-to-box midfielders, are paramount to the success of Liverpool’s final season with Klopp. 1.5. ForwardsLast but not least is our frontline. Thankfully, we’ve already begun the process of rebuilding our declining front line with Mane’s transfer to Bayern and Firmino set to depart at the end of the season. What we’re left with is a still very productive Salah alongside Diaz, Jota, Gakpo, and Nunez as our next generation of forwards. Fabio Carvalho and Harvey Elliott are also available as depth options, and hopefully with enough experience, as competitors for the starting spot.The only conceivable gap in our front line seemingly stems from rumours of clubs interested in acquiring Jota’s services. Even if he had lost his starting place recently, selling Jota means that Liverpool will lose a talented forward that can cover multiple areas of the pitch. Should Jota prefer to play elsewhere with a guaranteed starting spot, Liverpool should replace him with a forward that can similarly provide tactical flexibility on the pitch. With Diaz, Gakpo, and Nunez more than capable of filling in Jota’s natural position, perhaps Liverpool should look at right-wingers available on the market instead. 2. Profiling the Traits of Liverpool’s Future SigningsAs per our assessment, we need 2-3 starting midfielders, a centre-back, possible replacements for Jota, Kelleher, and Tsimikas should they depart, and a deputy for Trent should Ramsay fail to impress Klopp. Finding candidates for these roles should be an easy enough task, right? We can simply map out the ideal traits of a Klopp player, and seek out suitable talents that perform well statistically in each role. Thus, for each role we need someone with the following traits:All: Comfortable in possession. GK: Accurate distribution, runs out to clear the ball. CB: Dominant in duels, high-volume ball progression and defensive contribution. FB: Excellent crossing, high-volume ball progression and chance creation. DM: Dominant in duels, high-volume ball progression and defensive contribution. CM: High-volume ball progression, chance creation, and defensive contribution. RW: High volume ball progression and chance creation. Of course, these traits will filter well-performing players in the scope of their statistically observed performances. Aside from these attributes, we also need to consider several factors outside of the boundaries of each statistic such as: 2.1. Injury RecordThe first priority for our new signings is simple: no reoccurring injuries that could make them unavailable in Liverpool’s gruelling schedule. We’ve all seen the games missed chart with Liverpool at the bottom, a whole quarter ahead of 19th-placed Chelsea. Permanently signing players prone to injuries would be repeating the same mistakes of our previous campaigns.A pristine injury record is nice to have, but should not prevent us from signing quality players with the occasional unfortunate injuries. The keyword here is “occasional”; any player with an extensive injury record should still be barred from our candidate list. 2.2. Tactical Adaptability and Liverpool’s PlaystyleAnother thing to note is the difference in playstyle between the candidates’ current club and Liverpool. Klopp’s system is especially rigid in practice, making it more difficult for players in clubs with little to no similarity in their tactical setup. Only 4 players have adapted perfectly to Liverpool’s system the moment they play under Klopp: Alisson, Firmino, Salah, and Virgil; three of them are undoubtedly world-class, while the other is a literal incarnation of the system itself.Of course, that doesn’t mean that players in terrorist-adjacent clubs should be barred entirely. Instead, players who should be more familiar with Klopp’s system are given preference over their similarly well-performing counterparts. 2.3. Preferred Traits vs. Performance-Oriented TraitsThis leads us to another facet of Klopp’s system, the requirement of very specific traits in each positional roles. This can lead to identifying players who performed well in their current roles but are unsuitable for Liverpool. Conversely, this can also lead to missing out on players who could perform well in our setup but are limited to their current unsuitable role.Let’s look at goalkeepers as an example, on one hand, we require a keeper with a good distribution that plays comfortably in a high defensive line. On the other hand, limiting our candidate pool to players with these traits can lead to missing out on excellent goalkeepers who are unable to display said trait in their club’s tactical setup. A balanced approach then should consider this collective vs. individual facet of a player. A well-performing candidate should still be considered even if they’re playing in an unsuitable setup. The priority of course remains to seek out suitable traits in our candidates, but exceptions need to be made in the context of a candidate’s performances collectively vis-à-vis individually. 2.4. Difficulties in Acquiring PlayersLast is the sale availability of the players themselves. Liverpool is a historic institution competing against Europe’s most prestigious clubs, but that doesn’t mean acquiring players is a straightforward task. The most oft-told factor is CL spots and while that may be a hindrance in signing certain players, internal club policy dictates that such candidates are eliminated early on. A bigger problem for Liverpool is actually how talented the current players are.Think for a second that you’re an up-and-coming young player negotiating with Liverpool and other clubs. Your inner fan would obviously accept Liverpool’s offer, but existing players could ensure that your time at Anfield is spent more on the bench rather than the field. If you’re a goalkeeper, are you sure you want to sign with a club with the world’s best in your spot? Or as a right back, can you compete with the most creative player of his generation for game time? Of course, this doesn’t mean that we should limit ourselves to academy graduates and players comfortable on the bench as our backups. Instead, a smarter look at clubs beneath our stature should guarantee more willingness for players to sign for us. For the average top 5 league starting goalkeeper, signing for Liverpool means a drastic reduction of on-field actions. For the same starting goalkeeper recently relegated? The bench at Liverpool might be a more attractive career trajectory even with limited game time. 3. Candidates3.1. GoalkeeperFor our goalkeepers, I limited myself to clubs either well below our stature or likely to be relegated to increase the sensibility of the transfer. Although they’re playing in inferior teams, that does not necessarily translate to being bad goalkeepers themselves. One, in particular, is even leading La Liga in PSxG-GA, though unfortunately, an excellent goalkeeper can only do as much as his teammates allow him to.Edgar Badia, Gavin Bazunu, Marco Carnesecchi, Emil Audero, and Paul Bernardoni Edgar Badia. 31. Elche The first candidate is unironically the worst fit for Liverpool. With a reluctance for rushing out attackers and a similar age profile to Alisson, he is nowhere near the ideal solution for the GK spot. Why is he my first choice you ask? Well, his PSxG-GA figure of 7.0 is top of the charts in La Liga and 3rd in the top 5 European leagues. Additionally, his 3 penalties saved and relatively accurate long pass completion percentage of 45.1% make him an attractive addition to the team. Gavin Bazunu. 21. Southampton Marco Carnesecchi. 22. Atalanta, on loan at Cremonese The next two candidates all fit the criteria with asterisks beside their names. In particular, Bazunu PSxG-GA leaves a lot to be desired while Carnesecchi's reluctance to rush out might not fit Liverpool’s high line. What both have in common however is a high ceiling for growth and the occasional moments of brilliance common in rough and unpolished goalkeeping gems. Some highlights include their respective matches against Manchester United and Bologna. Under Alisson’s tutelage (and Taffarel's to boot!), both could very well develop into worthy competition for the starting spot. Emil Audero. 26. Sampdoria Paul Bernardoni. 25. Angers Audero and Bernardoni are in ways very similar to Bazunu and Carnesecchi. Like Carnesecchi, Audero’s lack of defensive actions outside the penalty area may limit Liverpool’s high line. Bernardoni is also very similar to Bazunu with a below-standard PSxG-GA and excellent rushing-out numbers. Although the two are inferior in ceiling and statistics wise, both are still performing at an acceptable level for the role of Liverpool’s bench option. In addition, goalkeepers mature differently from other football positions. They might show improvements well into the years to come should they sign for Liverpool. 3.2. Centre BackFor our centre-back position, we need players who can progress the ball as well as Matip without sacrificing any sense of defensive acumen and solidity. As mentioned previously, dominance in aerial duels would be a huge bonus for our candidates due to Virgil’s slight decline and Matip’s fallen form in these stats.Kim Min-Jae, Edson Alvarez, Ko Itakura, Goncalo Inacio, and Kevin Danso Kim Min-Jae. 26. Napoli The monster himself needs no introduction. Helming the defence of the Scudetto’s leading contender, the former Fenerbahce defender established himself amongst Europe’s greatest centre-backs after a successful debut season for Napoli. His presence in this list is for one sole reason: the reports of a vastly undervalued release clause in his Napoli contract. Even if his actual fee were to be higher than reported, Liverpool should do everything in its power to recruit what could very well be Virgil’s replacement when the opportunity presents itself. Edson Alvarez. 25. Ajax Ko Itakura. 26. Monchengladbach Edson Alvarez and Ko Itakura are amongst the best ball-playing centre-backs playing right now. What they lack in traditional defensive stats such as clearances and interceptions they more than make up for in other areas more related to Liverpool’s possession-heavy setup. With 88.1% and 91.3% pass completion rates and averaging 78.2 and 72.62 passes attempted per 90, they can without a doubt replicate Matip’s excellent ball distribution. The similarities to Matip don’t end there. Averaging 1.75 and 1.1 progressive carries per 90 alongside 0.7 and 0.41 successful take-ons per 90, Alvarez and Itakura are more than capable of executing Matip’s signature run. In addition, both of them excel at different areas lacking in Matip’s game. For Alvarez? A tackling rate of 3.04 per 90 compared to Matip’s 1.78. For Itakura? A blocking rate of 1.92 per 90 compared to Matip’s 0.53. As a cherry on top, both are also very capable of playing in the number 6 role should another midfield crisis emerge. Though the stats do indicate Alvarez as a better player, both would be a very welcome addition to the club. Goncalo Inacio. 21. Sporting Kevin Danso. 24. Lens Goncalo Inacio and Kevin Danso are more traditional centre-backs compared to Alvarez and Itakura, but incompetent in possession they are not. They may lack the tactical flexibility provided by the two aforementioned candidates, but what they can provide is excellent ball distribution and the potential of a higher ceiling over the years. Inacio’s better stats overall, left-footedness, and younger age edge him out as my preference out of the two. 3.3. Right BackTrent’s age makes finding a deputy for him a bit awkward as good senior right-backs wouldn’t want to join in as a bench option, while promising right-backs are almost all at his age bracket. The options then are either younger players with the potential to usurp his position or seasoned players outside of the Champions League.Vanderson, Jonathan Clauss, Przemyslaw Frankowski, Yukinari Sugawara, and Arnau Martinez Vanderson. 21. Monaco A promising full-back perfecting his trade in Ligue 1, Vanderson is a future star in the making. At 21 years old, his stats far exceed his age peers, excelling in progressive passes, take-ons, tackles, interceptions, and blocks. Investing in Vanderson at this stage of Trent’s career would either mean a transition in his position to midfield a la Kimmich, or the best modern right-back pairing in Liverpool’s history. Jonathan Clauss. 30. Marseille Przemyslaw Frankowski. 27. Lens Jonathan Clauss and Przemyslaw Frankowski would need some convincing to come to Liverpool, but the effort would be worthwhile should Trent’s form continue to decline. Both players’ origin as wingers in the early days of their careers would suit Liverpool’s playstyle to a tee with the numbers to back them up. The gung-ho nature of our fullbacks, marauding in every transition would see both players flourish under Klopp’s instructions. Yukinari Sugawara. 22. AZ Alkmaar Arnau Martinez. 19. Girona Yukinari Sugawara and Arnau Martinez fulfil very contrasting roles at a similar age bracket; and as different as they are, what they’re offering as a rotation option would fill in gaps in Liverpool’s line-up all the same. Sugawara is a right-back shifted from the right-sided midfield position while Martinez is a right-back shifted from the centre-back position, and as a consequence, signing either of them would fill another gap in each respective natural position. Tactical flexibility isn’t the only reason to sign either of them, both are also very productive numbers-wise. Sugawara is a very good attacking right back with 3 goals, 6 assists, and 10 goal-creating actions in the league to his name. The same can be said with Martinez, who although isn’t as offensively influential as Sugawara, can still produce 2 goals, 2 assists, and 4 goal-creating actions to his name. Conversely, Sugawara lags behind defensively while Martinez is ahead of him in all defensive stats. Though the two would be astute signings, Sugawara’s offensive productivity alongside a possible role as Salah’s deputy edges him out of the two. 3.4. Left BackAssuming Tsimikas’s departure, a similarly high-output backup for Robertson is essential for two key reasons. One is that in my opinion, the Greek Scouser breathing down Robbo’s neck is an essential part of why he is still one of the world’s best in his position. Another is that Robertson’s age should start slowing him down sooner or later, replacing Tsimikas with an equally talented replacement would ensure a continuity of excellence in our left-back position.Jose Gaya, David Raum, Adrien Truffert, and Quentin Merlin Jose Gaya. 27. Valencia Why on earth is he still playing for Peter Lim’s Valencia? No explanation is needed for Gaya as he remains one of the best left-backs in the world, despite playing for a self-sabotaging owner. Should Valencia be relegated this season, Liverpool would be foolish to not even consider signing him up. David Raum. 24. RB Leipzig Caio Henrique. 25. Monaco David Raum and Caio Henrique are two very good attacking left-backs who might even be an upgrade over Tsimikas. Though, by the same logic, acquiring either of them would cost Liverpool a significant amount of capital for a position we’re quite happy with at the present. Although Henrique’s numbers are superior to Raum's, the underlying stats do show the former to be more consistent in creating chances for his teammates. Raum’s higher numbers in defensive stats edge him out as my personal preference between the two. Adrien Truffert. 21. Rennes Quentin Merlin. 20. Nantes Adrien Truffert and Quentin Merlin are two promising left-backs currently playing their trade in Ligue 1. Although still very young, both are producing respectable numbers for a full-back, especially at their age bracket. The two will probably sign for another club before blossoming into higher-calibre players, as is the case with Robertson in Hull. Accordingly, a case could be made to sign either one of them as Robertson’s French protégé. Truffert’s higher numbers in both assists and defensive stats lead me to favour him at the early stages of their careers. 3.5. Anchor MidfielderDue to Klopp’s tendency to play a pseudo-back three in possession, the candidates for our number 6 role need to possess similar attributes to our centre-back candidates. Unfortunately, due to the defensive nature of the role, stats used to gauge a player’s ability in possession such as passes attempted, pass completion rate, progressive carries, and progressive passes are all rendered unreliable with plenty of clubs happy to see their number 6 sitting back for the duration of the game. Liverpool though does need to have these traits in our defensive midfielder, so candidates possessing them would gain an advantage over players in more counter-attacking teams.Declan Rice, Joao Palhinha, Manuel Locatelli, Manuel Ugarte, and Florentino Luis Declan Rice. 24. West Ham England stalwart Declan Rice is one of if not the most sought-after players for his position, and with good reasons too. With an excellent eye for interceptions and a terrific success rate for duels won, he would bring comfort and stability wherever he goes. Possession-wise, he is also the leading contender, high volume of passes, an excellent pass completion rate, and very good numbers in ball progression. Overall, the perfect player to fit in the number 6 role. Joao Palhinha. 27. Fulham Manuel Locatelli. 25. Juventus With competition to Rice’s signature and his homegrown status driving up his price. Joao Palhinha and Manuel Locatelli are more than capable of emulating what he could achieve at Liverpool. Defensively they perform at a similar level to Rice, and in some aspects are even better suited to Liverpool’s playstyle. An argument can be made for Palhinha as the best in the world in terms of duels, as he is leading the top 5 European leagues in tackles whilst offering higher aerial duels and clearance numbers than Rice. Locatelli is no slouch either, achieving higher numbers than Rice in all defensive stats barring interceptions. Palhinha’s higher numbers in duels make him the clear choice between the two, though, Locatelli’s much better possession stats do indicate him as the better fit for Liverpool. Manuel Ugarte. 21. Sporting Florentino Luis. 23. Benfica Florentino Luis and Manuel Ugarte are far from being the best at their position, however, they should be a wiser long-term investment than the other candidates. The two play a key role in their respective Portuguese clubs, demonstrating excellence at a young age week in and week out. With elite defensive numbers in duels and interceptions, Luis and Ugarte are both without question excellent defensive midfielders only a big transfer away from worldwide recognition. Albeit inferior to Luis in terms of his ability in the air and with the ball, Ugarte’s younger age profile makes him my preferred choice out of the two. 3.6. Box-to-Box MidfielderAs the main engine of the team, our midfield candidates should be able to progress the ball well while maintaining a high defensive output in part due to Liverpool’s tactical set-up. While Liverpool’s system means that high creative output isn’t vital for our candidates, they should nevertheless be involved in the build-up and transitional phases of a game, whether through progressive passes, progressive carries or taking on opposing players directly.Jude Bellingham, Mikel Merino, Ismael Bennacer, Manu Kone, and Enzo Le Fee Jude Bellingham. 19. Dortmund Currently one of if not outright the best in his position, simple as. Mikel Merino. 26. Real Sociedad Ismael Bennacer. 25. Milan Mikel Merino and Ismael Bennacer both fit the bill well for the number 8 role in Klopp’s midfield three. Should either one of them sign for Liverpool, they would add a defensive integrity solely lacking due to Fabinho and Henderson’s decline. Both also offer different defensive traits to their midfield; Merino is excellent in aerial duels and clearance, while Bennacer is better at ground duels and interceptions. Merino’s dominance in the air edges him out as my preferred choice between the two players. Manu Kone. 21. Monchengladbach Enzo Le Fee. 23. Lorient Manu Kone and Enzo Le Fee might cost the least in this category, but acquiring either of them would significantly strengthen Liverpool’s midfield. As are the candidates before them, Kone and Le Fee excel in ball progression. Both are elite in taking on opposing players, with Kone and Le Fee placing in the 99th and 96th percentile in terms of successful take-ons across all midfielders in the top 5 leagues. Similarly, both maintain a good rate of progressive carries and passes, with Le Fee in particular performing at an elite level in terms of carries. Defensively, they’re no slouch either. Kone and Le Fee are producing more than-average numbers in blocks and interceptions, and very good numbers in tackles. Le Fee’s lack of physical stature seems to not be a hindrance, as his 3.29 rate of tackles per 90 places him in the 95th percentile in terms of tackles. All in all, two very good midfielders who would fit perfectly in Klopp’s midfield three. 3.6.1. Playmaker Midfielder?Liverpool has been rumoured to sign Mason Mount for months and honestly, the thought of him in the squad throws a wrench into my original draft. Initially, I thought that Liverpool needed at least 2 starting box-to-box midfielders to fill in our upcoming departures. Mount though can fill in for this gap alongside other offensive roles should another injury crisis emerge at Anfield. Should he choose to stay at Chelsea, Liverpool can either pursue another no. 8 or an alternative flexible playmaker instead. This section is written with the assumption of the latter, rather than the former.Mason Mount, Daichi Kamada, Brais Mendez, Lovro Majer, and Aleksandr Golovin Mason Mount. 24. Chelsea The team had been linked to numerous playmakers over the years, notably, the consistent Brandt and Gotze rumours before Mane and Salah’s meteoric rise. However, their arrivals see them either adapt as a number 8 (Wijnaldum), play on the wings (Carvalho), or even side-lined entirely to cup games (Minamino). Whichever the case may be for Mount, his brief time in the Premier League shows an excellent hardworking playmaker with the bonus of fulfilling our home-grown quota. Daichi Kamada. 26. Eintracht Frankfurt Brais Mendez. 26. Real Sociedad Daichi Kamada and Brais Mendez are both more than adequate alternatives to Mason Mount. Similarly, both play a creative role behind a striker, either centrally or as an inside-winger. Output wise they are currently amongst Europe’s most productive playmakers, with both contributing 7 goals alongside 4 and 3 assists in their respective league. The two high-pressing playmakers are also more than capable of contributing defensively, with Kamada in particular performing well enough to be placed at the 90th percentile for tackles + interceptions across all midfielders in the top 5 European leagues. His tenacity to win the ball back edges him out between the two as my preferred choice. Lovro Majer. 25. Rennes Aleksandr Golovin. 26. Monaco The last candidates for a possible new role in Liverpool’s line-up are Lovro Majer and Aleksandr Golovin. Like Kamada and Mendez, both are creative playmakers with a willingness to press, tackle, and be the first line of their team’s defence. The two players though differ in what they could offer tactically. Lovro Majer’s higher numbers in passing completion, passing volume, progressive passes, and take-ons could see him shift to more of an attacking number 8. Golovin meanwhile with his much higher creative output could play as a deputy for the wingers. 3.7. Right WingerWith Jota rumoured to leave and Klopp refusing to start Elliott in his natural position, a gap remains dormant in Liverpool’s right wing. Candidates should have a respectable creative output, and a consistent ability to progress the ball higher up the field. Additionally, successful take-ons should be a high priority for the candidates. After all, with Sadio Mane’s departure, Luis Diaz is the only remaining player in Liverpool’s frontline with the ability to consistently beat his marker.Moussa Diaby, David Neres, Marco Asensio, and Tete Moussa Diaby. 23. Leverkusen David Neres. 27. Napoli The first two candidates are Leverkusen’s Moussa Diaby and David Neres, both very good players with all the characteristics required for a winger. Attacking output? Check. Diaby’s 8 goals and 4 assists along with Neres’ 6 goals and 5 assists paint a picture of two very productive wingers. Ball progression? Check. Neres’ progressive carries, passes, and take-ons are amongst the best in his league, while Diaby’s progressive carries make up for his average passes and take-ons figures. The only missing part of their game is a lack of respectable defensive numbers, something fixable with enough sessions at Kirkby. The age profile, numbers, and a harder league to play in making it a clear choice for Diaby. Even so, Neres would be an astute second choice should the cost of acquiring Diaby be too prohibitive. Marco Asensio. 27. Real Madrid A class creative playmaker available out of contract; to hell with Marco Asensio’s take-ons stats, refusing to sign a player of his calibre for free is a fool’s errand. Tete. 23. Lyon, on loan at Leicester City Vaclav Cerny. 25. Twente While the three wingers mentioned above are all very good in terms of performance, Tete and Vaclav Cerny are excellent in the sense that both are the perfect wingers for Liverpool. In terms of output, both are having the season of their life with 7 goals and 2 assists for Tete, and 9 goals and 4 assists for Cerny. In addition, both are also very good at beating their man with a successful take-on rate of 2.25 and 2.6 per 90. What makes them perfect for Liverpool however is their willingness to win the ball back out of possession. Amongst Liverpool’s frontline, our false 9s Jota and Gakpo are the only ones with comparable defensive figures. 4. ConclusionAt the minimum, Liverpool needs 3-4 signings to remain competitive in Europe. That amount though is an optimistic estimate that implies a return in form for the rest of the squad. Conversely, we are looking at 7-8 signings in the very worst-case scenario of further regressing performances and rumoured departures. Both sit at the extreme end of each side, and realistically speaking we should expect the real amount to be closer to the lower estimate.Of the highest priority is signing 2-3 starting midfielders to address upcoming departures, and more importantly, the decline of Fabinho and Henderson. Reverting to Klopp’s double pivot is also a possibility with Firmino set to depart in the summer. Replacing Matip with a quality centre-back should also be a priority if Gomez and Virgil were to regress further along the season. If Jota, Kelleher, and Tsimikas’s rumoured departures turn out to be true, we also need to replace them with adequate rotation options in each respective role. The last possible signing is fully dependent on Ramsay’s future. Once recovered from his injury, will Klopp trust him enough to bench Trent?. Should the answer be untrue, offloading him and acquiring another right back is the sensible thing to do. The candidates I found most attractive are Declan Rice, Jude Bellingham, Kim Min-Jae, and Mason Mount. These are elite players that will not only transform Liverpool’s fortunes but also take shape as Klopp’s Liverpool legacy the same way Shankly’s 1972 rebuild had in footballing history. Of course, more sensible options are also available as well in these areas. Even then, the focus of the rebuild should still be acquiring and fielding the most talented players in these roles. Of lesser importance to Liverpool’s glory are the rotation options for the goalkeeper, right back, left back, and right winger spots. For these positions, Marco Carnesecchi, Yukinari Sugawara, Adrien Truffert, and Tete are all examples of sensible signings for each respective role without breaking the bank. Credits to FBref.com and Opta as the main source of the stats, Transfermarkt as a source for candidates’ injury records and transfer estimates, and Excel for refusing to print my radar diagrams you useless anti-trust software. A big thank you to Opta especially as they finally added back progressive carries to Fbref.com the tight bastards. Lastly, I began writing this article 2 weeks before posting it here. If there are any statistical errors or listed players who signed for other clubs since the time of writing, all I can say is ¯\_(ツ)_/¯. TL; DR: Declan Rice, Jude Bellingham, Kim Min-Jae, and Mason Mount. Skim along the article for suitable alternatives and candidates in other less urgent areas of the squad. |
2023.03.21 17:09 InternationalWash822 Warren Buffett invested in these Fintech Companies - How does SOFI Measure Up?
 | The fintech industry has seen one of the most exciting growth trends as it revolutionizes how people access financial services. Right now, there are over 30,000 fintech startups and by the end of 2021, fintech investment reached a total of $210 billion. The fintech sphere is only expected to grow, so I believe it is a very attractive industry for investors and Warren Buffet seems to think so too. submitted by InternationalWash822 to Shortsqueeze [link] [comments] The Oracle of Omaha has been making large investments in multiple fintech companies. In fact, Buffet has invested over $900M (107.1M shares) in the Brazilian company, Nu Holdings, and $907M (30M shares) in ALLY. This is a huge investment even for someone like Buffett. Nu Holdings is actually his 8th largest investment in terms of shares. This raises the question, why has Buffett invested in these other fintech companies, but not in Sofi? Throughout this post, I’ll be talking about Sofi, ALLY, and Nu Holdings - comparing their pros, cons, and similarities. My goal here is to see if there is room for 3 top dogs in the fintech industry or not. Why has Buffett purchased a lot of shares of Nu Holdings, specifically? For starters, the company has grown its customer base to 70.9 million clients in just over a year since going public. Nu Holdings provides credit cards to people who are not eligible to get one through other banks & tries to minimize risk by reducing the eligible benefits that the customer is initially eligible for. As they pay their bills on time, they unlock more benefits & more credit limits. Another reason is its management. It's no secret that Buffett likes to invest in companies with good management. As he once said, “When we own portions of outstanding businesses with outstanding management, our favorite holding period is forever.” Nu Holdings has recently hired David Marcus (former president of PayPal & former Meta Board member) on March 6 to be part of its Board of Directors. It’s expected that David will play a crucial role in Nu’s journey going forward. The rest of the management team brings a lot of experience to the table as well:
Nu Holdings’ Edge - Brazil’s Unbanked Population Before Nu Holdings started, over 55 million Brazilians were unbanked. This is because it's notoriously difficult for people who are not wealthy to obtain credit cards in Brazil. In general, it's very difficult to get a credit card in Latin America without being one of the wealthy elites. By offering credit cards to people who would not be able to obtain one any other way, Nu has captured a large, untapped market. This is the main reason Nu is as successful as it is today. Compared to SOFI, Nu Holdings has a much larger client base, this is of course due to its operations in Brazil, Mexico, & Columbia which in total have a larger population than the US. Thanks in part to these widespread operations, Forbes listed Nu Holdings as one of the world’s best banks in 2022. Nu Holdings has a larger client base, more revenues, and is growing at a much faster rate than Sofi. The main reason for this is the fact that Nu Holdings doesn’t have as many competitors as Sofi, especially since they focus on an untapped market in Latin America. With Sofi, they have competitors right, left, and center due to established banks and fintech competitors. Nu Holdings became profitable Q3 2022 - only a year after its inception. After making a net profit of $7.8 million in Q3, it went on to make $58 million the next quarter and is on track to report an EPS of $0.02 & $1.393B in revenues in Q1 2023 Whereas SOFI is still struggling to become profitable and is forecast to make an EPS of $-0.077 & $442.262M in revenue in Q1 2023. https://preview.redd.it/gkta3om784pa1.png?width=626&format=png&auto=webp&s=4d1bfed341d05e0187966a6da3b3e34c4895cbfd https://preview.redd.it/eu2am7q684pa1.png?width=622&format=png&auto=webp&s=6b0d5b8ff376c5c0ae86c565cbc715a50d293f28 *Screenshot taken from Future Investing YouTube* How are Nu Holdings & Sofi similar? But Nu Holdings & Sofi share one very important thing in common. They both want to be a one stop shop for financial services. Since Sofi specializes in student loan refinancing, it creates a bond with younger customers who - hopefully - will turn into lifelong customers that use Sofi for all their banking needs. Similarly, Nu Holdings offers credit cards to customers younger than 18 in Brazil - capturing a demographic of young people who will hopefully become lifelong customers. This means that both companies could continue to grow and expand as their customer base grows older and younger generations adopt their services as well. https://preview.redd.it/xlub4fg884pa1.jpg?width=500&format=pjpg&auto=webp&s=9d8d039e9347417080f9035758f5cb9435e6dc29 Why has Buffett invested in ALLY? Having invested $1.7B since 2012 in the industry giant, General Motors, you could say Buffet is an expert on the auto industry. Which helps explain why Buffett took an interest in Ally. This fintech company offers multiple services but specializes in the auto loan industry since it once was a financing division of GM, originally known as GMAC. After GM sold the rest of its 8.5% stake in Ally for $900M in 2013, Ally has expanded its market by offering mortgages, credit cards, wealth management, & other services. https://preview.redd.it/y1c473va84pa1.png?width=605&format=png&auto=webp&s=84b47713c9d3fc8551a21260e51fc863cc7d1570 Another reason Buffett is investing in ALLY could be its history of share buybacks. Buffett is a big believer in stock buybacks and has said they can be the best use of corporate capital. ALLY also offers quarterly dividends to shareholders, which is a sign of the company’s fundamental strength. How does ALLY compare to Sofi? The main difference is the source of Ally’s revenue. 65.6% of Ally’s total revenue in 2022 came from the auto finance industry, while Sofi’s edge is student loan refinancing. In 2019, Sofi generated 59.7% of its revenue from student loans. But it’s worth noting that it can be quite difficult to qualify for student loan refinancing if you have a bad credit score whereas it’s a bit easier for people to get auto loans. https://preview.redd.it/q9efotfb84pa1.png?width=615&format=png&auto=webp&s=3dc7776eb6c02cd0e9293b82cb11e14b391cd86b How are Ally & Sofi similar? Ally & Sofi both offer commission free stock trading for investors with a high APY as well. Ally’s savings account offers 3.60% APY and Sofi offers 3.75% APY with a direct deposit. This means that with a direct deposit, you’ll earn a higher APY with Sofi, but without one, you’d earn a higher APY with Ally. Both companies offer multiple services such as mortgage loans, credit cards, insurance, etc. and are online banks with no physical locations. Given their different niches, it makes sense that Ally’s customers tend to be millennials while Sofi’s customers tend to be students or fresh graduates. Sofi’s Edge So after going through the pros and cons of all three of these companies, you might be wondering if SOFI has what it takes to gain market share in the growing Fintech industry. I believe Sofi has an edge over these two competitors when it comes to diversification. The two pictures below show the type of services that Sofi & Ally offer. Sofi is constantly trying to increase its market by opening up different services to attract new customers. To name a few:
https://preview.redd.it/0vcs7h5c84pa1.png?width=541&format=png&auto=webp&s=3521404dec4a95cb3ed2212eb32bbee5416a0fd1 Besides diversification, SOFI’s focus on student loan refinancing is also a plus imo. College education is essential in the US and without a college degree, most people can only get so far in their career. For instance, 53.7% of the US working population in 2021 graduated from college and at least 75% of new jobs require a college degree. When you factor in the average cost of tuition - which has soared 31.4% from 2010-2020 - and that the average student debt among college graduates is $28,000, SOFI is in a great position to profit from this sector. Given this inflationary environment & higher interest rates, I think that demand for student loan refinancing will only increase. This is because employers are constantly looking for people with degrees & the number of jobs requiring this are increasing every year. So it's no surprise that CEO Anthony Noto recently said, “We’d expect the demand for that product (student loans) to really go through the roof and be back to normalized levels that we saw in 2019.” But with the student loan pause in place, SOFI is losing a lot of money. The company stated that it has lost $300M to $400M and is pushing very hard to get a decision passed ending the student loan moratorium. The Supreme Court already heard the oral arguments regarding the case and is expected to give a decision in June. If things are not resolved by then or the Supreme Court rules against federal student loan forgiveness, then payments are expected to resume by the end of August. This is because payments are expected to start up again, 60 days following the ruling. Needless to say this would be a huge catalyst for SOFI and I, personally, believe that the Supreme Court will rule in SOFI’s favor. And the flood of refinancing requests that could come in once this limbo ends could give SOFI’s revenues a much-needed push. With this in mind, June will be a make-or-break moment for SOFI. Now, you might be thinking ‘that’s great and all but what about Buffett’s 8th largest investment by shares? OP is just some dude on the internet, and this is THE Warren Buffett’. https://preview.redd.it/w3k57vtc84pa1.png?width=288&format=png&auto=webp&s=8e5770fad03ae86cb15bcbe116bc706a512d9364 Well, you wouldn’t be wrong. It's hard to argue against Warren Buffett’s logic and I think NU could be a good investment as well, but compared to SOFI, I think that it presents a lot more risk. For one thing, Brazil has just gotten out of one of its worst economic crises in history and with a new government taking over there’s a lot of uncertainty. Corruption is very high in Brazil, and banks which provide their services almost exclusively to the rich in Brazil could use their power to turn the government against Nu Holdings if they feel threatened. Also, giving out credit cards to kids under 18 (even if the card’s benefits are limited) just sounds really risky to me. Given that most people in Brazil are not as financially well off as most US residents, its weaker currency, and struggling economy, Nu Holdings could face the greatest risk of all three companies. But time will tell whether the Brazilian government will make life easier or more difficult for a company like Nu Holdings. So this means that ALLY, which also focuses on the US market for financial services, is probably SOFI’s greatest competition. Both companies have a lot in common, but they’ve chosen to specialize in different niches. So let’s break it down:
Regardless of the potential hit to the automotive sector, when you compare auto loans to student loans you quickly see that student loans take the cake. The market size of the Auto leasing, loans, & sales financing industry is $173.2 billion, while the student loan industry is a massive $1.76 trillion. So Sofi has the upper hand here in terms of the market potential. With college tuition constantly increasing & students entering college year after year, SOFI also has stricter requirements for qualifying for personal loans, such as a credit score of 680 and other factors which make their loans comparatively safer since its clients are more thoroughly vetted. This is good because it allows Sofi to minimize the potential risk of a customer not being able to pay back their loan in the future. Conclusion: So, in conclusion, I think SOFI is in a fairly safe spot as long as the Supreme Court gives a favorable ruling. Since Nu Holdings operates in Latin America it won’t compete with Sofi for market share. Ally & Sofi also have different specializations, but Ally is a more established FinTech company which could take customers from Sofi. Still, SOFI’s goal is to become a one stop shop for all financial services and it has diversified its services extensively over the years which could give it an edge in this industry. Personally, I believe SOFI will be able to grow its customer base better than ALLY because it appeals directly to young adults heading into college. If these customers have a good experience, then SOFI can become their go-to financial service provider for the rest of their life. On this note, the FinTech industry is on track for major growth especially since Covid-19 acted as a catalyst for the industry - leading to wider adoption at a time when contactless payments were becoming essential. Besides this, the FinTech industry will likely continue to grow just out of sheer practicality. For one thing, Fintech cuts down servicing costs like maintaining physical branches while still providing a very high value service. As more and more transactions move online, the digital revolution continues to work in the industry’s favor and the widespread adoption of smartphones means that our phones will increasingly act as wallets. So, it's not surprising that the use of Fintech companies increased 88% from 2020 to 2021. So I'm pretty bullish on three of these stocks for the time being at least. Now for the TA... $SOFI https://preview.redd.it/djuk58id84pa1.jpg?width=1600&format=pjpg&auto=webp&s=74f72c6e21506030efc6bbc44374cb04b07096bb $SOFI has been stuck in a sideways channel since April 2022. The stock has a strong resistance at $7.59 which it tested on its positive Q4 earnings, however SOFI dropped almost 18% to its support at $5.25 due to market uncertainty. Now trading at $5.20, SOFI is below the 50, 200, and 21 MAs on the daily timeframe. Despite this, I’m expecting a bounce and potential retest of the $7.59 resistance leading up to the Supreme Court decision in June since the RSI oversold at 30. Right now SOFI is fundamentally oversold IMO. I bought 1k shares here as a starter with a stop loss at the $4.92 support. I’ll be averaging down under the $5.25 support or averaging up depending on the trend. My take profits will be the 200 MA, $6.43 resistance and the $7.59 resistance. https://preview.redd.it/pakxnr1e84pa1.jpg?width=1458&format=pjpg&auto=webp&s=3fb5c7d97c02030b7ad888463c4c2cf572e973c5 $ALLY: https://preview.redd.it/8zwd6jme84pa1.jpg?width=1600&format=pjpg&auto=webp&s=af9de5ffc042ca2bfaf546417438edac1e9dc409 ALLY was in a downward channel all of 2022 but it broke out at the start of 2023 - testing the $34 resistance after earnings. Since then the trend has reversed and is now bearish. The stock touched its $21.91 support mostly due to market turmoil rather than fundamentals. I’m expecting ALLY to break out of this channel like it did at the start of this year when it approached the $34 support. The stock recently tested what was once the upper trendline and bounced off of it which is a bullish sign. Personally, I think that these banking fears will dissipate now that the government has stepped in - as illustrated by the XLF closing green on Monday. Looking at the daily timeframe, ALLY is oversold with the RSI at 30 so I am expecting a bounce over the next few weeks. Long-term, I think ALLY will trade in a sideways channel between the $23.80 support and $34 resistance until a strong catalyst is able to break it out. But for now, I’ll take a swing here with a stoploss at $23 and my take profits at $27.05 and the 50MA. $NU: https://preview.redd.it/1x33g57f84pa1.jpg?width=1600&format=pjpg&auto=webp&s=2e1b3757785d4d1a40bd84ea5607052fd7d5c833 Compared to ALLY and SOFI, NU has not dropped as dramatically, which is likely due to its exposure to Latin American markets rather than the US. The stock is currently trending downwards within the sideways channel. The stock is testing the 200 MA on the daily chart, if it breaks through it I will be going short with the lower trendline as my take profit and the 50 MA as my SL. |
2023.03.21 16:02 disman9876 Report: As US Economy Grapples with Nearly 11 Million Unfilled Jobs, Immigration Reform is Critical (YahooFinance)
https://finance.yahoo.com/news/report-us-economy-grapples-nearly-133100437.html
As detailed in the report, widespread workforce shortages are playing a significant role in both elevating and perpetuating inflation. Across the country there are almost 11 million jobs waiting to be filled—a near-historic high. Even if all currently unemployed workers could fill those job openings, the nation would still have a shortfall of more than five million workers—a scenario that underscores why comprehensive immigration reform is imperative.
Left unaddressed, the current labor shortage problem risks jeopardizing long-term economic growth and prosperity. Making the challenge all the more difficult are troubling demographic trends: As the US population ages and birth rates decline, labor shortages will only intensify without immigration being part of the solution.
"Increasing the nation's quantity of labor will require a two-pillar approach. To preempt a shrinking workforce, expanding US labor force participation through steps including reskilling, diversifying talent pools, and supporting older workers and caretakers is a first-order priority," said Dr. Lori Esposito Murray, President of CED. "But, it is not the panacea. Also essential is comprehensive immigration reform that expands legal pathways and encourages immigrants' immediate contribution to the workforce. Further delays in reform will continue to put severe pressures on the US workforce, which will hinder overall innovation, productivity, and growth."
PR Newswire Tue, March 21, 2023 at 8:31 AM CDT·6 min read NEW YORK, March 21, 2023 /PRNewswire/ -- Today, the Committee for Economic Development, the public policy center of The Conference Board (CED), issued a new Solutions Brief, Immigration Reform: An Essential Key to Growth.
As detailed in the report, widespread workforce shortages are playing a significant role in both elevating and perpetuating inflation. Across the country there are almost 11 million jobs waiting to be filled—a near-historic high. Even if all currently unemployed workers could fill those job openings, the nation would still have a shortfall of more than five million workers—a scenario that underscores why comprehensive immigration reform is imperative.
Left unaddressed, the current labor shortage problem risks jeopardizing long-term economic growth and prosperity. Making the challenge all the more difficult are troubling demographic trends: As the US population ages and birth rates decline, labor shortages will only intensify without immigration being part of the solution.
"Increasing the nation's quantity of labor will require a two-pillar approach. To preempt a shrinking workforce, expanding US labor force participation through steps including reskilling, diversifying talent pools, and supporting older workers and caretakers is a first-order priority," said Dr. Lori Esposito Murray, President of CED. "But, it is not the panacea. Also essential is comprehensive immigration reform that expands legal pathways and encourages immigrants' immediate contribution to the workforce. Further delays in reform will continue to put severe pressures on the US workforce, which will hinder overall innovation, productivity, and growth."
The Solutions Brief—which can be accessed here and is the latest in CED's Sustaining Capitalism series—examines both the short- and long-term economic impacts of the nation's current workforce shortages. It also provides a series of recommendations, consisting of a two-pillar approach, for both policy and business leaders.
Key Recommendations from the Solutions Brief
Rebuilding the US labor force will require policy and business leaders to collaborate on a two-pillar approach: increasing American workers' participation rate and comprehensive immigration reform. CED recommendations include:
Increase and support American workers' participation rate
Increase public-private provision of training and incentivize upskilling. Together, private and public sector leaders should collaborate with employer-driven consortiums of colleges, broad-access institutions, and other trainers. They should work to link skillset development with job opportunities in apprenticeship and credentialing programs.
Support older workers who wish to remain working. Eliminate disincentives to employment by removing the Medicare benefits cliff, piloting repeal of the Social Security retirement earnings test, and implementing flexible work arrangements.
Expand and increase the Earned Income Tax Credit (EITC). Incentivize more people with low-income job prospects to enter the labor force by permanently expanding eligibility to adults without children.
Expand workplace flexibility for workers with dependent care responsibilities. In response to today's diverse workforce, business leaders should strive to provide workplace flexibility for employees to care for children or other dependents without impacting their careers. Public policy leaders should prioritize pre-K education opportunities for at-risk children.
Lower barriers to participation and mobility. Reduce geographical limitations and occupational barriers, diversify talent pools, and move towards competency-based hiring and promotion models.
Enact comprehensive immigration reform to support the US labor force
Secure the border to reduce illegal immigration. Responsible reform must begin by addressing the border with an influx of resources for asylum officers, judges, and facilities, while making investments in systems to boost processing capacity.
Broaden enforcement of US immigration laws through a mandatory E-Verify system. The E-Verify system would better ensure that jobs are filled by screened applicants. This serves the dual purpose of deterring unauthorized migration by nearly eliminating job opportunities they are able to fill, and by shrinking the potential pool of offenders who law enforcement authorities must identify.
For undocumented immigrants already residing in the US, develop a bipartisan plan for lawful pathways to permanent residence, predicated on extensive screening. Such a pathway would allow them to fully integrate into the workforce, the mainstream economy, and their communities.
Allow immigration to boost the labor force by opening additional pathways at all skill levels to work authorization and permanent residence as needed across the economy.
Improve processes and upgrade capacity for immigration application and approval. Resources to upgrade capacity and processing speed are necessary to make immigration more effective for immigrants and businesses, helping to compete with other countries to recruit workers.
Pilot programs to address labor gaps.
Establish a Workforce & Immigration Policy Advisory Board
submitted by disman9876 to anglovirus [link] [comments]
As detailed in the report, widespread workforce shortages are playing a significant role in both elevating and perpetuating inflation. Across the country there are almost 11 million jobs waiting to be filled—a near-historic high. Even if all currently unemployed workers could fill those job openings, the nation would still have a shortfall of more than five million workers—a scenario that underscores why comprehensive immigration reform is imperative.
Left unaddressed, the current labor shortage problem risks jeopardizing long-term economic growth and prosperity. Making the challenge all the more difficult are troubling demographic trends: As the US population ages and birth rates decline, labor shortages will only intensify without immigration being part of the solution.
"Increasing the nation's quantity of labor will require a two-pillar approach. To preempt a shrinking workforce, expanding US labor force participation through steps including reskilling, diversifying talent pools, and supporting older workers and caretakers is a first-order priority," said Dr. Lori Esposito Murray, President of CED. "But, it is not the panacea. Also essential is comprehensive immigration reform that expands legal pathways and encourages immigrants' immediate contribution to the workforce. Further delays in reform will continue to put severe pressures on the US workforce, which will hinder overall innovation, productivity, and growth."
PR Newswire Tue, March 21, 2023 at 8:31 AM CDT·6 min read NEW YORK, March 21, 2023 /PRNewswire/ -- Today, the Committee for Economic Development, the public policy center of The Conference Board (CED), issued a new Solutions Brief, Immigration Reform: An Essential Key to Growth.
As detailed in the report, widespread workforce shortages are playing a significant role in both elevating and perpetuating inflation. Across the country there are almost 11 million jobs waiting to be filled—a near-historic high. Even if all currently unemployed workers could fill those job openings, the nation would still have a shortfall of more than five million workers—a scenario that underscores why comprehensive immigration reform is imperative.
Left unaddressed, the current labor shortage problem risks jeopardizing long-term economic growth and prosperity. Making the challenge all the more difficult are troubling demographic trends: As the US population ages and birth rates decline, labor shortages will only intensify without immigration being part of the solution.
"Increasing the nation's quantity of labor will require a two-pillar approach. To preempt a shrinking workforce, expanding US labor force participation through steps including reskilling, diversifying talent pools, and supporting older workers and caretakers is a first-order priority," said Dr. Lori Esposito Murray, President of CED. "But, it is not the panacea. Also essential is comprehensive immigration reform that expands legal pathways and encourages immigrants' immediate contribution to the workforce. Further delays in reform will continue to put severe pressures on the US workforce, which will hinder overall innovation, productivity, and growth."
The Solutions Brief—which can be accessed here and is the latest in CED's Sustaining Capitalism series—examines both the short- and long-term economic impacts of the nation's current workforce shortages. It also provides a series of recommendations, consisting of a two-pillar approach, for both policy and business leaders.
Key Recommendations from the Solutions Brief
Rebuilding the US labor force will require policy and business leaders to collaborate on a two-pillar approach: increasing American workers' participation rate and comprehensive immigration reform. CED recommendations include:
Increase and support American workers' participation rate
Increase public-private provision of training and incentivize upskilling. Together, private and public sector leaders should collaborate with employer-driven consortiums of colleges, broad-access institutions, and other trainers. They should work to link skillset development with job opportunities in apprenticeship and credentialing programs.
Support older workers who wish to remain working. Eliminate disincentives to employment by removing the Medicare benefits cliff, piloting repeal of the Social Security retirement earnings test, and implementing flexible work arrangements.
Expand and increase the Earned Income Tax Credit (EITC). Incentivize more people with low-income job prospects to enter the labor force by permanently expanding eligibility to adults without children.
Expand workplace flexibility for workers with dependent care responsibilities. In response to today's diverse workforce, business leaders should strive to provide workplace flexibility for employees to care for children or other dependents without impacting their careers. Public policy leaders should prioritize pre-K education opportunities for at-risk children.
Lower barriers to participation and mobility. Reduce geographical limitations and occupational barriers, diversify talent pools, and move towards competency-based hiring and promotion models.
Enact comprehensive immigration reform to support the US labor force
Secure the border to reduce illegal immigration. Responsible reform must begin by addressing the border with an influx of resources for asylum officers, judges, and facilities, while making investments in systems to boost processing capacity.
Broaden enforcement of US immigration laws through a mandatory E-Verify system. The E-Verify system would better ensure that jobs are filled by screened applicants. This serves the dual purpose of deterring unauthorized migration by nearly eliminating job opportunities they are able to fill, and by shrinking the potential pool of offenders who law enforcement authorities must identify.
For undocumented immigrants already residing in the US, develop a bipartisan plan for lawful pathways to permanent residence, predicated on extensive screening. Such a pathway would allow them to fully integrate into the workforce, the mainstream economy, and their communities.
Allow immigration to boost the labor force by opening additional pathways at all skill levels to work authorization and permanent residence as needed across the economy.
Improve processes and upgrade capacity for immigration application and approval. Resources to upgrade capacity and processing speed are necessary to make immigration more effective for immigrants and businesses, helping to compete with other countries to recruit workers.
Pilot programs to address labor gaps.
Establish a Workforce & Immigration Policy Advisory Board
2023.03.21 14:45 InternationalWash822 Warren Buffett invested in these Fintech Companies - How does SOFI Measure Up?
 | The fintech industry has seen one of the most exciting growth trends as it revolutionizes how people access financial services. Right now, there are over 30,000 fintech startups and by the end of 2021, fintech investment reached a total of $210 billion. The fintech sphere is only expected to grow, so I believe it is a very attractive industry for investors and Warren Buffet seems to think so too. submitted by InternationalWash822 to pennystocktoday [link] [comments] The Oracle of Omaha has been making large investments in multiple fintech companies. In fact, Buffet has invested over $900M (107.1M shares) in the Brazilian company, Nu Holdings, and $907M (30M shares) in ALLY. This is a huge investment even for someone like Buffett. Nu Holdings is actually his 8th largest investment in terms of shares. This raises the question, why has Buffett invested in these other fintech companies, but not in Sofi? Throughout this post, I’ll be talking about Sofi, ALLY, and Nu Holdings - comparing their pros, cons, and similarities. My goal here is to see if there is room for 3 top dogs in the fintech industry or not. Why has Buffett purchased a lot of shares of Nu Holdings, specifically? For starters, the company has grown its customer base to 70.9 million clients in just over a year since going public. Nu Holdings provides credit cards to people who are not eligible to get one through other banks & tries to minimize risk by reducing the eligible benefits that the customer is initially eligible for. As they pay their bills on time, they unlock more benefits & more credit limits. Another reason is its management. It's no secret that Buffett likes to invest in companies with good management. As he once said, “When we own portions of outstanding businesses with outstanding management, our favorite holding period is forever.” Nu Holdings has recently hired David Marcus (former president of PayPal & former Meta Board member) on March 6 to be part of its Board of Directors. It’s expected that David will play a crucial role in Nu’s journey going forward. The rest of the management team brings a lot of experience to the table as well:
Nu Holdings’ Edge - Brazil’s Unbanked Population Before Nu Holdings started, over 55 million Brazilians were unbanked. This is because it's notoriously difficult for people who are not wealthy to obtain credit cards in Brazil. In general, it's very difficult to get a credit card in Latin America without being one of the wealthy elites. By offering credit cards to people who would not be able to obtain one any other way, Nu has captured a large, untapped market. This is the main reason Nu is as successful as it is today. Compared to SOFI, Nu Holdings has a much larger client base, this is of course due to its operations in Brazil, Mexico, & Columbia which in total have a larger population than the US. Thanks in part to these widespread operations, Forbes listed Nu Holdings as one of the world’s best banks in 2022. Nu Holdings has a larger client base, more revenues, and is growing at a much faster rate than Sofi. The main reason for this is the fact that Nu Holdings doesn’t have as many competitors as Sofi, especially since they focus on an untapped market in Latin America. With Sofi, they have competitors right, left, and center due to established banks and fintech competitors. Nu Holdings became profitable Q3 2022 - only a year after its inception. After making a net profit of $7.8 million in Q3, it went on to make $58 million the next quarter and is on track to report an EPS of $0.02 & $1.393B in revenues in Q1 2023 Whereas SOFI is still struggling to become profitable and is forecast to make an EPS of $-0.077 & $442.262M in revenue in Q1 2023. https://preview.redd.it/517fe3t9i2pa1.png?width=626&format=png&auto=webp&s=158aa08fc0e5eb43bc1517777988d21200732ccb https://preview.redd.it/j2npx01ci2pa1.png?width=622&format=png&auto=webp&s=e72bdae4deb04c74fb2e4b69be83c7d06c0f6de9 *Screenshot taken from Future Investing YouTube* How are Nu Holdings & Sofi similar? But Nu Holdings & Sofi share one very important thing in common. They both want to be a one stop shop for financial services. Since Sofi specializes in student loan refinancing, it creates a bond with younger customers who - hopefully - will turn into lifelong customers that use Sofi for all their banking needs. Similarly, Nu Holdings offers credit cards to customers younger than 18 in Brazil - capturing a demographic of young people who will hopefully become lifelong customers. This means that both companies could continue to grow and expand as their customer base grows older and younger generations adopt their services as well. https://preview.redd.it/ovc89ptgi2pa1.jpg?width=500&format=pjpg&auto=webp&s=3b00c14bfa93afe32b4fdf2bcea562538e114b2b Why has Buffett invested in ALLY? Having invested $1.7B since 2012 in the industry giant, General Motors, you could say Buffet is an expert on the auto industry. Which helps explain why Buffett took an interest in Ally. This fintech company offers multiple services but specializes in the auto loan industry since it once was a financing division of GM, originally known as GMAC. After GM sold the rest of its 8.5% stake in Ally for $900M in 2013, Ally has expanded its market by offering mortgages, credit cards, wealth management, & other services. https://preview.redd.it/6liekr1ji2pa1.png?width=605&format=png&auto=webp&s=35371e326a0eef95abca694e301214fc37b2a922 Another reason Buffett is investing in ALLY could be its history of share buybacks. Buffett is a big believer in stock buybacks and has said they can be the best use of corporate capital. ALLY also offers quarterly dividends to shareholders, which is a sign of the company’s fundamental strength. How does ALLY compare to Sofi? The main difference is the source of Ally’s revenue. 65.6% of Ally’s total revenue in 2022 came from the auto finance industry, while Sofi’s edge is student loan refinancing. In 2019, Sofi generated 59.7% of its revenue from student loans. But it’s worth noting that it can be quite difficult to qualify for student loan refinancing if you have a bad credit score whereas it’s a bit easier for people to get auto loans. https://preview.redd.it/wvzss9cli2pa1.png?width=615&format=png&auto=webp&s=c18ca9f460bb243e20b50511b4cfeb75cdb1c707 How are Ally & Sofi similar? Ally & Sofi both offer commission free stock trading for investors with a high APY as well. Ally’s savings account offers 3.60% APY and Sofi offers 3.75% APY with a direct deposit. This means that with a direct deposit, you’ll earn a higher APY with Sofi, but without one, you’d earn a higher APY with Ally. Both companies offer multiple services such as mortgage loans, credit cards, insurance, etc. and are online banks with no physical locations. Given their different niches, it makes sense that Ally’s customers tend to be millennials while Sofi’s customers tend to be students or fresh graduates. Sofi’s Edge So after going through the pros and cons of all three of these companies, you might be wondering if SOFI has what it takes to gain market share in the growing Fintech industry. I believe Sofi has an edge over these two competitors when it comes to diversification. The two pictures below show the type of services that Sofi & Ally offer. Sofi is constantly trying to increase its market by opening up different services to attract new customers. To name a few:
https://preview.redd.it/ji26in1xi2pa1.png?width=570&format=png&auto=webp&s=dc4061d928758f1c0eefdaafe27c6757f6646cc3 Besides diversification, SOFI’s focus on student loan refinancing is also a plus imo. College education is essential in the US and without a college degree, most people can only get so far in their career. For instance, 53.7% of the US working population in 2021 graduated from college and at least 75% of new jobs require a college degree. When you factor in the average cost of tuition - which has soared 31.4% from 2010-2020 - and that the average student debt among college graduates is $28,000, SOFI is in a great position to profit from this sector. Given this inflationary environment & higher interest rates, I think that demand for student loan refinancing will only increase. This is because employers are constantly looking for people with degrees & the number of jobs requiring this are increasing every year. So it's no surprise that CEO Anthony Noto recently said, “We’d expect the demand for that product (student loans) to really go through the roof and be back to normalized levels that we saw in 2019.” But with the student loan pause in place, SOFI is losing a lot of money. The company stated that it has lost $300M to $400M and is pushing very hard to get a decision passed ending the student loan moratorium. The Supreme Court already heard the oral arguments regarding the case and is expected to give a decision in June. If things are not resolved by then or the Supreme Court rules against federal student loan forgiveness, then payments are expected to resume by the end of August. This is because payments are expected to start up again, 60 days following the ruling. Needless to say this would be a huge catalyst for SOFI and I, personally, believe that the Supreme Court will rule in SOFI’s favor. And the flood of refinancing requests that could come in once this limbo ends could give SOFI’s revenues a much-needed push. With this in mind, June will be a make-or-break moment for SOFI. Now, you might be thinking ‘that’s great and all but what about Buffett’s 8th largest investment by shares? OP is just some dude on the internet, and this is THE Warren Buffett’. https://preview.redd.it/qonrid93j2pa1.png?width=288&format=png&auto=webp&s=013b4d5c65fb57d66bf5dd85ef7e9543f13c4f7f Well, you wouldn’t be wrong. It's hard to argue against Warren Buffett’s logic and I think NU could be a good investment as well, but compared to SOFI, I think that it presents a lot more risk. For one thing, Brazil has just gotten out of one of its worst economic crises in history and with a new government taking over there’s a lot of uncertainty. Corruption is very high in Brazil, and banks which provide their services almost exclusively to the rich in Brazil could use their power to turn the government against Nu Holdings if they feel threatened. Also, giving out credit cards to kids under 18 (even if the card’s benefits are limited) just sounds really risky to me. Given that most people in Brazil are not as financially well off as most US residents, its weaker currency, and struggling economy, Nu Holdings could face the greatest risk of all three companies. But time will tell whether the Brazilian government will make life easier or more difficult for a company like Nu Holdings. So this means that ALLY, which also focuses on the US market for financial services, is probably SOFI’s greatest competition. Both companies have a lot in common, but they’ve chosen to specialize in different niches. So let’s break it down:
Regardless of the potential hit to the automotive sector, when you compare auto loans to student loans you quickly see that student loans take the cake. The market size of the Auto leasing, loans, & sales financing industry is $173.2 billion, while the student loan industry is a massive $1.76 trillion. So Sofi has the upper hand here in terms of the market potential. With college tuition constantly increasing & students entering college year after year, SOFI also has stricter requirements for qualifying for personal loans, such as a credit score of 680 and other factors which make their loans comparatively safer since its clients are more thoroughly vetted. This is good because it allows Sofi to minimize the potential risk of a customer not being able to pay back their loan in the future. Conclusion: So, in conclusion, I think SOFI is in a fairly safe spot as long as the Supreme Court gives a favorable ruling. Since Nu Holdings operates in Latin America it won’t compete with Sofi for market share. Ally & Sofi also have different specializations, but Ally is a more established FinTech company which could take customers from Sofi. Still, SOFI’s goal is to become a one stop shop for all financial services and it has diversified its services extensively over the years which could give it an edge in this industry. Personally, I believe SOFI will be able to grow its customer base better than ALLY because it appeals directly to young adults heading into college. If these customers have a good experience, then SOFI can become their go-to financial service provider for the rest of their life. On this note, the FinTech industry is on track for major growth especially since Covid-19 acted as a catalyst for the industry - leading to wider adoption at a time when contactless payments were becoming essential. Besides this, the FinTech industry will likely continue to grow just out of sheer practicality. For one thing, Fintech cuts down servicing costs like maintaining physical branches while still providing a very high value service. As more and more transactions move online, the digital revolution continues to work in the industry’s favor and the widespread adoption of smartphones means that our phones will increasingly act as wallets. So, it's not surprising that the use of Fintech companies increased 88% from 2020 to 2021. So I'm pretty bullish on three of these stocks for the time being at least. Now for the TA... $SOFI https://preview.redd.it/rrr2t6qri3pa1.jpg?width=1600&format=pjpg&auto=webp&s=f75f0cc4ccb5f94ee14743e50a6988cc67079f2d $SOFI has been stuck in a sideways channel since April 2022. The stock has a strong resistance at $7.59 which it tested on its positive Q4 earnings, however SOFI dropped almost 18% to its support at $5.25 due to market uncertainty. Now trading at $5.20, SOFI is below the 50, 200, and 21 MAs on the daily timeframe. Despite this, I’m expecting a bounce and potential retest of the $7.59 resistance leading up to the Supreme Court decision in June since the RSI oversold at 30. Right now SOFI is fundamentally oversold IMO. I bought 1k shares here as a starter with a stop loss at the $4.92 support. I’ll be averaging down under the $5.25 support or averaging up depending on the trend. My take profits will be the 200 MA, $6.43 resistance and the $7.59 resistance. https://preview.redd.it/5co1e6nvi3pa1.jpg?width=1458&format=pjpg&auto=webp&s=b97304f23081aa807ce1d59ea912bd8895725cbf $ALLY: https://preview.redd.it/dsie3d0mj3pa1.jpg?width=1600&format=pjpg&auto=webp&s=9ffa57a2231b5f47f9456edefb900bcaea469f9b ALLY was in a downward channel all of 2022 but it broke out at the start of 2023 - testing the $34 resistance after earnings. Since then the trend has reversed and is now bearish. The stock touched its $21.91 support mostly due to market turmoil rather than fundamentals. I’m expecting ALLY to break out of this channel like it did at the start of this year when it approached the $34 support. The stock recently tested what was once the upper trendline and bounced off of it which is a bullish sign. Personally, I think that these banking fears will dissipate now that the government has stepped in - as illustrated by the XLF closing green on Monday. Looking at the daily timeframe, ALLY is oversold with the RSI at 30 so I am expecting a bounce over the next few weeks. Long-term, I think ALLY will trade in a sideways channel between the $23.80 support and $34 resistance until a strong catalyst is able to break it out. But for now, I’ll take a swing here with a stoploss at $23 and my take profits at $27.05 and the 50MA. $NU: https://preview.redd.it/79rqip8jj3pa1.jpg?width=1600&format=pjpg&auto=webp&s=13fa8969d4890aa9c704d8b6a2a93f1e96d62335 Compared to ALLY and SOFI, NU has not dropped as dramatically, which is likely due to its exposure to Latin American markets rather than the US. The stock is currently trending downwards within the sideways channel. The stock is testing the 200 MA on the daily chart, if it breaks through it I will be going short with the lower trendline as my take profit and the 50 MA as my SL. |
2023.03.21 13:52 Then_Marionberry_259 MAR 20, 2023 NCU.TO NEVADA COPPER FILES FINANCIAL STATEMENTS, MD&A AND AIF FOR THE YEAR ENDED DECEMBER 31, 2022
 | https://preview.redd.it/rtwji21ca3pa1.png?width=3500&format=png&auto=webp&s=f9105399312f3f9fd0988f24a175987c62134c99 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] YERINGTON, Nev., March 20, 2023 (GLOBE NEWSWIRE) -- Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) today announced that it has filed its audited consolidated financial statements, management's discussion and analysis ("MD&A") and Annual Information Form (“AIF”) for the year ended December 31, 2022. These filings can be found on the Company’s website at www.nevadacopper.com and the Company’s SEDAR profile at www.sedar.com Randy Buffington, President & CEO stated , “We continue to make excellent progress on the construction projects that are required ahead of stope mining and milling activities at Pumpkin Hollow. The vent shaft stripping and excavation for the ore handling system are well underway. Ongoing mining and development activities advancing towards higher grade EN Zone stoping areas continue to demonstrate competent rock quality and ground conditions as predicted in the geotechnical rock model, fully in-line with expectations. We are currently on track to meet our primary restart and ramp-up goal of achieving nameplate milling capacity by the end of 2023.” 2023 Outlook Nevada Copper’s principal objective for 2023 is to have the Underground Mine operating at nameplate milling capacity of 5,000 tons per day by year end with all critical underground infrastructure complete and sufficient advance development to support sustained operations. Underground lateral development of 24,000 feet is planned for 2023 to establish capital headings and stope development ahead of the commencement of stope mining planned in the third quarter of 2023. Mill restart is scheduled for late Q3 2023 at an expected rate of approximately 3,500 tons per day, ramping up to 5,000 tpd by the end of 2023. About Nevada Copper Nevada Copper (TSX: NCU) is the owner of the Pumpkin Hollow copper project located in Nevada, USA with substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. Randy Buffington President & CEO For additional information, please see the Company’s website at [www.nevadacopper.com*](http://www.nevadacopper.com), or contact:* Tracey Thom Vice President, IR and Community Relations [[email protected]](mailto:[email protected]) +1 775 391 9029 Cautionary Language on Forward Looking Statements This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking information and forward-looking statements specifically include, but are not limited to, statements that relate to development and restart and ramp-up plans and activities at the Underground Mine and the timing in respect thereof. Forward-looking statements and information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information should not be read as guarantees of future performance and results. They are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such risks and uncertainties include, without limitation, those relating to: requirements for additional capital and no assurance can be given regarding the availability thereof; [the outcome of discussions with vendors;] [Note to NCU: Is this still relevant? If not, it can be deleted here and in the MD&A and AIF.] the ability of the Company to complete the restart and ramp-up of the Underground Mine within the expected cost estimates and timeframe; the impact of COVID-19 on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and restart and ramp-up, including the ability of the Company to address underground development and process plant issues; ground conditions; cost overruns relating to development, construction and restart and ramp-up of the Underground Mine; loss of material properties; interest rate increases; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labour disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; dependence on management information systems and cyber security risks; volatility of the market price of the Company’s securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2022 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 20, 2023. The forward-looking statements and information contained in this news release are based upon assumptions management believes to be reasonable, including, without limitation: no adverse developments in respect of the property or operations at the project; no material changes to applicable laws; the restart and ramp-up of operations at the Underground Mine in accordance with management’s plans and expectations; no material adverse impacts from COVID-19 going forward; the Company will be able to obtain sufficient additional funding to complete the restart and ramp-up of the Underground Mine, no material adverse change to the price of copper from current levels; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information and statements are stated as of the date hereof. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information and statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. Specific reference is made to “Risks and Uncertainties” in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2022 and “Risk Factors” in the Company’s Annual Information Form dated March 20, 2023, for a discussion of factors that may affect forward-looking statements and information. Should one or more of these risks or uncertainties materialize, should other risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results and events may vary materially from those described in forward-looking statements and information. For more information on the Company and the risks and challenges of its business, investors should review the Company’s filings that are available at www.sedar.com. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. https://preview.redd.it/uzqfh69ca3pa1.jpg?width=150&format=pjpg&auto=webp&s=7f8d83fc715f61668d709deeb79cac2d35ceed2f https://preview.redd.it/1us7l6jca3pa1.png?width=4000&format=png&auto=webp&s=c13a4010b560935282f958ab8436ff610d1e9397
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