Think about it. People essentially pay for the right to transfer numbers on a digital spreadsheet. When they pay more, all they get is the right to move a bigger number.

In every other case, the more you pay, the more economic power you acquire. For instance, if you buy more wheat, oil, or gold, you control a larger share of people's needs for food, energy, or durable materials. This grants you a stronger economic position, greater leverage, and more bargaining power to negotiate with them so they give you what you need.

Similarly, if you acquire more dollars, you gain more leverage over debtors who owe US commercial banks and the Federal Reserve, as every dollar is issued by these institutions as debt to the private sector or government. These debtors directly depend on you to be able to meet their obligations and avoid foreclosure and bankruptcy. Holding ten times more dollars gives you ten times more power over them to give you what you need.

However, when you spend ten times more on cryptocurrency, your economic power remains equally zero. You do not gain ten times more leverage or negotiating power over others, you simply end up with a bigger number to pass along.

This is inherently flawed because you essentially surrender economic power and become dependent on a greater fool to do the same. Under normal circumstances this is unsustainable because people will not continuously sacrifice genuine economic power for digits on a screen wrapped in a story about money. The current market mania and dreams of easy money have created a collective blind spot, but eventually, reality will reassert itself and the speculation will collapse.

China's economy grew 4.5% in the third quarter, putting Beijing's full-year target back within reach. Retail sales grew at twice the pace analysts had penciled in, and factory output ran hot on the back of strong foreign demand for Chinese tech goods.

The export side is doing most of the heavy lifting. Overseas buyers snapping up AI-linked hardware and electronics covered for a property market that is still dragging and domestic consumers who are spending cautiously. The central bank also signaled a possible shift in how it sets its main policy rate, a change that could bring borrowing costs down across the economy.

Commodity exporters and Asian tech hardware makers are the groups sitting most directly in the path of this. Are you more focused on raw materials upside or the supply-chain names feeding China's export machine?

I often see a rather ridiculous sounding claim that new residential developments can be built and not rent any units and somehow that’s still profitable for developers and the real estate owners. I saw someone specify that REITs don’t pay taxes, and because of that they don’t have to sell or rent any units because the value is tax exempt.

This just… doesn’t seem to make any sense. How can a building be built and make no profit off rent/sales and still be profitable?

With rates increasing, and likely to increase again by EOY, have you made any changes to where you hold cash?

I hold emergency funds plus money I may use for a home down payment in the next 12-18months in BIL.

Probably not worth moving it since CDs and similar incur state taxes, which would erode any incremental income, but wanted to see what others are doing - whether you're finding ways to take advantage of higher rates while keeping the $ accessible.

Long story short, new company pays a pathetic match, thats not worth even bothering with. They also do the same payout like my last company where yearly match is not deposited unless you are with company on final day of each year. (Learned my lesson, and lost entire match for 2026)

So heres where Im at. I have 4 separate Roth 401Ks, that are all 100% in whatever equivalent to VOO/S&P 500.

Personally in my roth 401K, i have a few individual stocks but not enough to matter. And I have a decent chunk of SCHD, SVOL, JEPI/Q, Divo.

Should i just continue on the easy path of the safe VOO, VTI , VXUS, VTSAX route.

Or have a different strategy since im already heavily non diverse in my other 401Ks. They were also significantly cheaper than what VOO and the like are.

Any suggestions would be helpful.

thoughts on SEMI, ASIA, HACK (they're in the ASX), and similar ones?

I invested a bunch in them three, and then like 1-2 days later the market crashed. RIP.

what should i do?

I have a bunch of money in rare earth metals too and that flopped liked 6 weeks ago. There are ETFs that are specific industries/themes.

Once i recover from this, im going to stick to the bigger diversified ETFS like GGBL, HGBL, GHHF or just stick to high interest bank savings account.

not too fussed or stressed. it's money i dont need anytime soon.

I've been trying to learn more about the fundamentals. It seems a lot of things are over-inflated already, hence the P/E ratios of many stocks being way too high.

If everyone pulled out their money at the same time, wouldnt it just crash? there seems to be too much supply and demand theory. The dividends do not justify much at all. I know heaps of people are trying to hold long term for decades to just build some sort of retirement plan, but if a significant amount of people pull out for their retirement (gradually) then wont it just crash? IG if the market just keep growing then it should be fine? Also heaps of day/week trading / profit taking going on / AI traders / insider trading makes things pretty messy too?

Anyways, some stocks and ETFs seem to just keep going down. I know they try to rebalance them by releasing some companies and adding new ones to the ETF. but I guess these volatile ones that I have been playing with, was just too reckless of me.

advice?

I haven’t yet invested my money in anything, other than opening a HYSA. I‘m in my early 20s, working a full time job paying minimum wage. I have 30k saved, sitting in my HYSA.

I made a post in r/dividends asking for investing tips, and discovered that I have nowhere near the capital required to make decent growth through dividends, which directed me towards growth investing. I’m beginning my research on long term growth investing now, and figured I’d start with this subreddit to hear other people’s experiences and perspective.

From my understanding it makes sense to begin with index funds like VOO, VXUS, and BND. This would cover a large variety of stocks, and produce annual yield of ~7%. Maybe not these exact funds, but something of this sort.

If anyone has any insight or concerns, please feel free to discuss them. I am ignorant when it comes to investing, and I intend to research more prior to investing.

Also, last question, is fidelity a good app to use when investing? I’ve heard it mentioned a few times by people investing.

I believe clean/sustainable energy is going to become a more and more important part of the world over the next 10-20 years, so I’ve been looking into the sector and ETFs like WENS and INRG.

However, I’m realising there’s a lot more to researching an industry than just looking at an ETF’s holdings, fees and past performance. I want to understand what actually drives growth in the clean energy sector, what makes certain companies successful, and how to research whether that growth will translate into returns for investors.

Something else I’ve been thinking about is the role of companies like BP and Shell. Could they just wait until the gap between fossil fuels and sustainable energy becomes smaller, then invest heavily in renewables or buy out smaller companies in the sector? If so, how does that affect the long-term growth prospects of companies that are already focused on clean energy?

There’s also an ethical side to this for me. As a Nigerian, I’m uncomfortable with Shell’s activities and environmental record in Nigeria and the wider West African region. I’m interested in how people research the energy transition while also considering the ethical implications of the companies they invest in.

I’m not looking for someone to tell me which ETF to buy. I’m more interested in learning how to research this industry properly, what resources are worth reading, and how to understand the relationship between the growth of clean energy, the companies involved and their long-term profitability.
For those who have researched this sector in depth, where would you recommend starting?

Everyone here has probably heard the phrase in the title of this post.

I ran into this advice decades ago. idk how long it had been around before that. When that advice was given, investors had a certain amount of information and analysis available to them by communication media of the day (newspapers, radio, TV).

Now, there is much, much more information and analysis available to us. Orders of magnitude more. And right now, a large percentage of that analysis seems to be warning people about risks that are almost upon us.

So that brings up a question about another phrase that we have all heard...."This time is different." The amount of information and analysis is different. Does that negate the wisdom of the phrase in question (Be greedy when other people are fearful)?

Key Developments

1. The 6G Challenge & Digital Beamforming

Next-gen networks need higher frequencies (mmWave/FR2 and cmWave/FR3) to handle projected data loads. Utilizing these frequencies requires beamforming via dynamic directional antennas. Current analog and hybrid setups are bulky, power-hungry, and expensive to scale.

Swedish tech firm Beammwave has spent years building a pure digital beamforming approach to address this, protected by 55+ patent families.

1. 3GPP Standardisation Progress

The global 6G specification is being finalized inside 3GPP, where major players (Apple, Qualcomm, Samsung, Nvidia, and tier-1 carriers) negotiate specifications. Beammwave has been working directly within this group to push digital beamforming into the baseline architecture.

1. Outcome from the South Korea 3GPP Meeting

At the recent 3GPP session in South Korea, Beammwave got all of its submitted proposals approved. For a small firm operating among global tech giants, getting full proposal acceptance is a major operational milestone and confirms broad industry backing for their architecture in 6G.

Digital beamforming is now positioned to become an official parallel architecture in the upcoming 6G standard. Two main drivers behind this progress:

• Direct, experienced technical representation during 3GPP working groups.

• Public support from key hardware suppliers including Murata and Sony.

Earlier technical reservations raised by companies like Apple have been systematically resolved during recent working group iterations, leaving no major active opposition in the latest meeting minutes.

Note on 5G compatibility: Beammwave’s architecture (focused on 24–40 GHz) can also run on current 5G NR standards. It alters internal signal processing within the device or base station while keeping over-the-air signaling standard-compliant. The 3GPP 6G track is a separate effort to embed these capabilities natively into next-generation hardware.

1. Industry Feedback & Commercial Progress

Following the South Korea meeting, technical leads from major firms commented publicly on LinkedIn:

• "Great milestone Beammwave" (Ericsson)

• "Digital Beamforming for the win!" (Samsung)

Investment Thesis & SEP Potential

If digital beamforming is formally locked into the 6G standard, core parts of Beammwave’s patent portfolio should qualify as Standard-Essential Patents (SEPs). Anyone building standard-compliant 6G hardware would need to license the underlying tech, creating a steady, high-margin licensing model.

Valuation & Financials

• Market Cap vs Target Market: Trading around $105M–$110M USD (~1,100 MSEK). This looks modest given the size of the addressable wireless market and historical comps for SEP holders.

• Balance Sheet: Cash sits at ~$14M–$15M USD (~145 MSEK). Historical burn rate has been running at $1M–$1.5M USD per quarter over the past year, providing a clear runway without near-term dilution risk. Note that Q3/Q4 might show temporary cost bumps from initial production setup at GlobalFoundries in Dresden under their fabless setup.

Commercial Traction & Catalysts

• Silicon is fully developed for 5G infrastructure/devices and fits adjacent markets like satcom and defense.

• Operating a fabless model; volume production readiness was reached over a year ago with supply chain partners.

• Multiple tier-1 accounts have been testing prototypes and evaluating Beammwave’s silicon for over 12 months.

• Next Catalyst (January): 3GPP is scheduled to finalize the technical recommendation for digital beamforming in 6G.

Data & References

Technical contributions and meeting notes are public on the 3GPP file server under document R4-2621239.

Trading Info:

• Company: Beammwave AB (Publ, Sweden)

• Exchange: Nasdaq First North Growth Market (Stockholm)

• Ticker: BEAMMW B / BEAMMW-B.ST

• International: Interactive Brokers (IBKR) - Exchange: SFB / ISIN: SE0016799068

• Yahoo Finance: https://finance.yahoo.com/quote/BEAMMW-B.ST/

Disclaimer: Informational overview only, not financial advice. DYOR.

Disclosure: Long BEAMMW B (25,000 shares).

I'm looking to lower the interest charged on my margin account. From what I've found, Webull has the lowest rates so I looked into that BUT they don't seem to have much in the lines of customer service. IBKR is another option but their rates are a bit higher. Where else can I look for low margin interest rates?

Good afternoon all,

Im fairly new/not confident in investing. I have around 300k in my tsp and individual brokerage. I started investing about 10 years ago took the advice of many of the subs on reddit.

My friend has around 80k in savings and I just briefly mentioned that he should probably invest that money and not just leave it in his savings.

He doesnt have much risk tolerance, if you had a friend who you just wanted to help invest knowing that he doesnt have risk tolerance what would you suggest to him/her?

I dont want to lead him astray but I would also feel bad not saying anything about him just having all the money sitting in an account not doing anything.

Thank you

The litigation finance giant (BUR) has hit a new low, with stock trading below $3 per share. I know there was a big scare due to the Second Circuit decision in YPF/Argentina, which was a big part of the portfolio. But this seems like an overcorrection. Anyone have a view?

What percentage of your investments are in foreign stock?

If we hit a big enough dip in the market I’m considering tax harvesting and reallocating some of my s&p investments to foreign.

Regardless how you feel the future goes I just feel like I need to diversify more. Specifically looking at fidelity’s FTIHX

But I’m curious if anyone else has a strategy here?

Today, Amazon's stock price jumped 5% today because of an "analyst" upgrade from Morgan Stanley. How can a single investment bank's recommendation have so much power, it can manipulate the stock price of a $3 trillion company? (And I don't mean, specifically, just Morgan Stanley, but other investment banks are also able to give a rating, and their words have enough sway to move one of the top-10 companies in the world's stock price by multiple percentage points in a few minutes.) Also, considering their words have so much power over the stock price of the top companies in the world, why is it legal for them to publicly announce their ratings?

I don’t see many posts about the progression or transgression from stocks and growth holdings to passive income streams as you near retirement.

Everyone uses a growth rate assumption, let’s just say 5%. However if the market went down that year and you’re all stocks you didn’t make 5%.

Can we have a discussion on how difficult mentally it is to sell your stock holdings to put in income producing holdings, and what that looks like, what removing that money into? What is the strategy.

Dividend stocks? Dividend funds? Fixed income, etc. What are people doing?

I’ve seen a lot of bubble finally popping takes this weekend and I don’t think they’re reading the week right, so I want to lay out what I think actually happened.

The chip index fell 11.4% last week, its worst since April 2025. But look at where the damage started, September CPI came in at 3.7% against 3.6% expected, the Fed already hiked in September, and the 10 year touched 5.36% the week before, a 24 year high. In that environment the first things to break were the companies funding AI infrastructure with debt rather than operating cash flow. CoreWeave has over $51B of debt and obligations, and its 2031 bonds went above 15%. Goldman has AI related high yield spreads above 350bp, and data centre debt specifically above 400bp, against roughly 250bp for comparable non AI credit.

The popular bear case deserves a fair hearing, the IMF flagged roughly $650B of debt tied to $1.4T of AI revenue commitments, much of it circular, where backers fund the companies that then commit to buy from them. If rates stay above 5%, a lot of projects that penciled out at 4% stop working. That’s a legitimate reason to de rate the whole complex.

Where I disagree is the indiscriminate selling, Ciena and Coherent each fell 26% on the week. Micron fell 15% while trading on about 12x trailing earnings, against Marvell near 78x. The selloff treated cash generating suppliers the same way it treated the leveraged buyers of their products. Those are different risks, and I think the market will separate them once it gets one clean data point.

That data point is Meta on Wednesday, revenue is guided at $61-64B and consensus sits around $63.3B, so revenue probably isn’t the story. The story is that Meta’s Q2 free cash flow fell to $784 million, from $10.6B in Q3 last year, as capex ran at about $51B through the first half. 2026 capex is guided at $130-145B, and the Street has 2027 somewhere around $185-195B.

If Meta guides 2027 capex above $200B without Q3 free cash flow recovering meaningfully, the debt funded names have another leg down and the suppliers follow. If cash flow rebounds and the 2027 number lands near consensus, I expect the cash funded part of the trade to recover first, while the neoclouds stay broken until rates come down.

The thing I’m genuinely unsure about is the Fed, hike odds for the late October meeting are only around 15% now, but another hot energy driven print in November changes everything above.

Meta isn't the only one reporting next week, the stack is full with SPCX, TSLA, IBM, BE, IBM and many more providing read throughs for my book.

The bank of italy published a mystery shopping study of stablecoin remittances in july and the blockchain turned out to be the cheapesr.

They sent 200 USDC at a time across ten corridors between italy and brazil, argentina, japan, UAE and South africa. Total cost ran from 0.3% to almost 9%. Most of it sat in the on and off ramps, where dollars become tokens and tokens become local currency. Against world bank averages, stablecoins were cheaper in most corridors. Against wise it was mixed as USDC won in three corridors and lost in four speed depended on whether the countries at each end had instant payments.

I believe this matters more to investors than to anyone sending money as its known that stablecoins make the pipe nearly free, so incumbents are finished and the study says the pipe was never the expensive part,the expensive part is licenses, bank relationships and a way to pay out cash or hit a local instant rail on the other end.

Western Union has those,it launched stablecard in 37 markets in aug with a target of 60+ by year end and moneygram launched its own stablecoin, MGUSD in june and neither needs to win on technology. They need the token to be cheap and their payout network to be hard to copy.

Aspora which uses stablecoin rails and I have never once seen a token,what I see is a rate and a payout. The product is the ramp, which is exactly where the study says the cost lives and it’s why i am skeptical of anyone valuing a remittance company on its tech.

WU’s core business has been shrinking, Q2 revenue fell 1% to about $1 billion, money transfer revenue fell 2% and US retail is the weak spot. Owning the ramps only pays if volume holds and a handful of test transfers on ten corridors is a study.

Where do you think the margin ends up, with the endpoints or the pipe?

Is anyone familiar with the 2022 UKs pension system able to help me understand what happened?

1. UK announces tax cuts.
2. Gilts get nervous and rates start to rise.
3. Apparently, UK pensions decided a rising rate environment is a good time to sell guilts for a loss.
4. -Are pensions structures differently in the UK compared to the US?
5. -They base their portfolio on a method of LDI right?
6. - Do UK pensions hold primarily Treasuries or Gilts?
7. The government stepped in and the individual responsible resigned.
8. -How exactly did they bail out (might not be the right word) the pensions?

I am aware of funded status and things like that so no need to write out the ins and outs, just trying to understand the catalysts a bit better.

Is it as simple as their equity portfolio had too much leverage and they were margin called into selling bonds for a loss? I just assume there is more.

Edit: I am using this information for potential positioning in my portfolio if it is relative to today.

BEA has private fixed investment in information processing equipment and software at $1.646 billion a yr in the 2nd qtr, which is 5.05% of GDP. In the 4th qtr of 2000 it was 4.46% but it passed that level in the 2nd qtr of 2025 and has gone up every qtr since.

The mix is different; hardware is 2.57% of GDP now against 2.91% back then and software is 2.49% against 1.55%.

Whether the companies spending it are profitable is a separate question from how much of the economy it is. By this measure it's already a bigger bet than 2000, whatever the earnings are.

I already opened a small account at interactive brokers, the interface isn't really that user friendly, but it seems to be just fine.

What sells me at IBRK is that it has the longest trading hours of any broker in the US that I know off. I wanted to buy SOXL on Friday, was 3 minutes late after close and at fidelity, I will have to wait until 7am until I can buy, vs at IBRK I could have bought at 8pm today (Sunday) at exactly the time soxl starts to trade.

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If your question is "I have $XXXXXXX, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:

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I keep most of my money in broad ETFs and a smaller part for picking stocks and trading. What I haven’t figured out is the rules around it:

• What split do you use, and do you keep a separate cash reserve on top?
• Do you rebalance, and when: on a schedule or when it drifts by some amount?
• If the trading part grows a lot, do you move gains into the core? If it shrinks, do you refill it or let it shrink?

Curious what actually worked for people over a few years, not the textbook answer.