The Morrison election: What we know now

2021.12.06 11:16 vulpecula360 The Morrison election: What we know now

The Morrison election: What we know now submitted by vulpecula360 to AustralianPolitics [link] [comments]


2021.12.06 11:16 trainerfry_1 Warehouse showdown

Warehouse showdown submitted by trainerfry_1 to MarvelLegends [link] [comments]


2021.12.06 11:16 Poetic_Discord Kahu, blepping while tucked in. Schnauzers are weird

Kahu, blepping while tucked in. Schnauzers are weird submitted by Poetic_Discord to schnauzers [link] [comments]


2021.12.06 11:16 tsmit44 I live in Baton Rouge and just recently started delivering when I got to my parents’ house in New Orleans. more…

In Baton Rouge, I don’t get a lot of orders but when I do the pay is really good. I’m talking $5 trip supplement or $3 when really short distance around a mile. ($5-$7 fare before tip) So I’d never seen those low ball offers I always see on Reddit. And 1.3x boost during lunch and dinner. No surge pay in 2 years.
In New Orleans, I get order after order after order but much lower trip supplement or none at all. Now I see those $2-$3 orders. Only 1.1x boost except for New Orleans East where it’s 1.5x-1.7x. (Car Jackings like crazy and just straight dangerous and tipless) But the surges on the heat map actually pay out.
I always wondered if in Baton Rouge I’m only getting orders not taken by newer drivers. 🧐 I’d get an order from a restaurant I’d been parked in front for 20 minutes and it would be an $8 no tip order.
submitted by tsmit44 to UberEATS [link] [comments]


2021.12.06 11:16 viralsport Breakdown: The incident at Turn 27 between Hamilton and Verstappen

Breakdown: The incident at Turn 27 between Hamilton and Verstappen submitted by viralsport to GrandPrixRacing [link] [comments]


2021.12.06 11:16 kraken_enrager What would you tell your people back home, if you were an alien visiting earth for the first time?

submitted by kraken_enrager to AskReddit [link] [comments]


2021.12.06 11:16 gloomshot_bot MAGICAL SWORDS | Daily Diablo II: Resurrected Moments

http://www.youtube.com/watch?v=LQiKcXsDae8

Clip # Title Author Curator Score Source Direct Link
#1 [00:00] Magical swords codemeister_p codemeister_p 0.0192 twitch_clips_discovery [CLICK]
#2 [00:30] Zod Бл4ть! thraexpig thraexpig 0.0155 twitch_clips_discovery [CLICK]
#3 [00:49] 1000 pound chicken bigdaddyden76 shonuff_99 0.006959999999999999 twitch_clips_discovery [CLICK]
#4 [01:06] Lo. Last Rune!!! 3moth kromp123 0.0062 twitch_clips_discovery [CLICK]
#5 [01:22] BER RUNE EASY GAME lexyu 404whist 0.0055 twitch_clips_discovery [CLICK]
#6 [02:04] mana mana toeshank bbqrandom 0.0041 twitch_clips_discovery [CLICK]
#7 [02:17] Se cair Ber eu dou sub sacrilegedd pca1987 0.0040321919999999995 twitch_clips_discovery [CLICK]
#8 [03:16] Stealing Sur? troyctrl fronadotho 0.004 twitch_clips_discovery [CLICK]
#9 [03:29] EZ JAH 3moth dirtywolf30 0.0032 twitch_clips_discovery [CLICK]
#10 [03:57] baited and out smarted middles ekoex 0.0031 twitch_clips_discovery [CLICK]
#11 [04:26] double ammy hcitay mr_burns123 0.003 twitch_clips_discovery [CLICK]
#12 [05:00] ber drop mosesplays tassia240 0.002 twitch_clips_discovery [CLICK]
#13 [05:30] what happened... bmfn_demo lilkray 0.002 twitch_clips_discovery [CLICK]
#14 [06:09] coffeeeee isabellasparklz 08wckster08 0.0018 twitch_clips_discovery [CLICK]
#15 [06:25] EZ Sur sacrilegedd pyrofosfato 0.0012 twitch_clips_discovery [CLICK]
#16 [06:38] Ohhhh Snap JAHH mythickal jzweet 9e-05 twitch_clips_discovery [CLICK]
Clip # | Created | Changes Made:--:|:--:|:--:
1 [00:00] | 2021-11-30 18:48:26.469000 | {"version": "3/22/2021", "clip_volume": "0.013110108407738548 - final volume: 0.025817800320132703", "found": "no category folder", "stillness": 0.47, "fps": "60.0->30", "resize": "1280,720 -> 1920, 1080", "volume_changed": "-36.3, -14.5 -> multiplier 1.8", "lower_3rd_dur": 22, "chat_error": "No messages.", "add_texts": "Added texts: 'Magical swords', ' curator: codemeister_p'", "duration_subtract": 0.05, "elapsed_secs": 70}#2 [00:30] | 2021-11-27 11:27:45.939000 | {"version": "3/22/2021", "clip_volume": "0.05197039510703455 - final volume: 0.029723407197252773", "found": "no category folder", "stillness": 0.72, "fps": "60.0->30", "volume_changed": "-23.1, -0.7 -> multiplier 1.44", "lower_3rd_dur": 14, "chat_error": "No messages.", "add_texts": "Added texts: 'Zod 4!', ' curator: thraexpig'", "duration_subtract": 0.05, "elapsed_secs": 48}#3 [00:49] | 2021-12-05 09:58:53.741000 | {"version": "3/22/2021", "clip_volume": "0.021881624014500136 - final volume: 0.012726875688310508", "found": "no category folder", "stillness": 0.73, "fps": "60.0->30", "volume_changed": "-22.2, -0.9 -> multiplier 1.42", "lower_3rd_dur": 13, "chat_objs": 30, "top_emotes": {"bdd76BellyShake": 3, "bdd76Uwu": 3, ":O": 1}, "add_texts": "Added texts: '1000 pound chicken', ' curator: shonuff_99'", "duration_subtract": 0.05, "elapsed_secs": 66}#4 [01:06] | 2021-11-30 18:47:54.084000 | {"version": "3/22/2021", "clip_volume": "0.1008521478547529 - final volume: 0.05919084146505791", "found": "no category folder", "stillness": 0.82, "fps": "60.0->30", "volume_changed": "-17.7, -1.0 -> multiplier 1.41", "lower_3rd_dur": 12, "chat_objs": 35, "top_emotes": {"raggetPog": 1, "x3moGutshake": 1, "x3moGutredshake": 1}, "add_texts": "Added texts: 'Lo. Last Rune!!!', ' curator: kromp123'", "duration_subtract": 0.05, "elapsed_secs": 48}#5 [01:22] | 2021-11-30 18:47:58.479000 | {"version": "3/22/2021", "clip_volume": "0.09908547161428953 - final volume: 0.05265361033981103", "found": "no category folder", "stillness": 0.56, "fps": "60.0->30", "volume_changed": "-17.1, -0.0 -> multiplier 1.52", "lower_3rd_dur": 31, "chat_objs": 5, "top_emotes": {":)": 1}, "add_texts": "Added texts: 'BER RUNE EASY GAME', ' curator: 404whist'", "duration_subtract": 0.05, "elapsed_secs": 126}#6 [02:04] | 2021-11-30 18:48:01.642000 | {"version": "3/22/2021", "clip_volume": "0.12798576203383846 - final volume: 0.06736647599874189", "found": "no category folder", "stillness": 0.67, "resize": "1280,720 -> 1920, 1080", "volume_changed": "-15.3, 0.0 -> multiplier 1.52", "lower_3rd_dur": 10, "chat_error": "invalid literal for int() with base 10: 'no_vod'", "add_texts": "Added texts: 'mana mana', ' curator: bbqrandom'", "duration_subtract": 0.05, "elapsed_secs": 30}#7 [02:17] | 2021-11-30 18:48:08.979000 | {"version": "3/22/2021", "clip_volume": "0.01968081887626332 - final volume: 0.01663575777718741", "found": "no category folder", "stillness": 0.58, "fps": "60.0->30", "volume_changed": "-30.0, -4.2 -> multiplier 1.13", "lower_3rd_dur": 45, "chat_objs": 22, "top_emotes": {"LUL": 1}, "add_texts": "Added texts: 'Se cair Ber eu dou sub', ' curator: pca1987'", "duration_subtract": 0.05, "elapsed_secs": 172}#8 [03:16] | 2021-11-30 18:48:05.234000 | {"version": "3/22/2021", "clip_volume": "0.025093291206564883 - final volume: 0.031558788194229546", "found": "no category folder", "stillness": 0.57, "fps": "60.0->30", "resize": "1280,720 -> 1920, 1080", "volume_changed": "-30.4, -8.2 -> multiplier 1.16", "lower_3rd_dur": 9, "chat_objs": 15, "add_texts": "Added texts: 'Stealing Sur?', ' curator: fronadotho'", "duration_subtract": 0.05, "elapsed_secs": 45}#9 [03:29] | 2021-11-30 18:48:11.808000 | {"version": "3/22/2021", "clip_volume": "0.07508578509683336 - final volume: 0.047948187555899455", "found": "no category folder", "stillness": 0.7, "fps": "60.0->30", "volume_changed": "-18.7, -1.8 -> multiplier 1.34", "lower_3rd_dur": 21, "chat_objs": 43, "top_emotes": {"PogChamp": 2, ":D": 1, "raggetPog": 1}, "add_texts": "Added texts: 'EZ JAH', ' curator: dirtywolf30'", "duration_subtract": 0.05, "elapsed_secs": 75}#10 [03:57] | 2021-12-04 03:42:23.850000 | {"version": "3/22/2021", "clip_volume": "0.012202014637079385 - final volume: 0.02220452588715931", "found": "no category folder", "stillness": 0.59, "fps": "60.0->30", "volume_changed": "-31.6, -14.5 -> multiplier 1.8", "lower_3rd_dur": 22, "chat_error": "No messages.", "add_texts": "Added texts: 'baited and out smarted', ' curator: ekoex'", "duration_subtract": 0.05, "elapsed_secs": 76}#11 [04:26] | 2021-12-05 09:59:25.489000 | {"version": "3/22/2021", "clip_volume": "0.03578491787579676 - final volume: 0.019046517756821802", "found": "no category folder", "stillness": 0.64, "fps": "60.0->30", "volume_changed": "-25.4, 0.0 -> multiplier 1.52", "lower_3rd_dur": 26, "chat_objs": 3, "top_emotes": {"OpieOP": 1}, "add_texts": "Added texts: 'double ammy', ' curator: mr_burns123'", "duration_subtract": 0.05, "elapsed_secs": 75}#12 [05:00] | 2021-12-04 03:42:27.336000 | {"version": "3/22/2021", "clip_volume": "0.1381434964158397 - final volume: 0.11256469499161095", "found": "no category folder", "stillness": 0.54, "resize": "1280,720 -> 1920, 1080", "volume_changed": "-15.2, -4.1 -> multiplier 1.14", "lower_3rd_dur": 22, "chat_objs": 12, "add_texts": "Added texts: 'ber drop', ' curator: tassia240'", "duration_subtract": 0.05, "elapsed_secs": 70}#13 [05:30] | 2021-12-05 09:59:01.035000 | {"version": "3/22/2021", "clip_volume": "0.12509350666547356 - final volume: 0.0663785516200291", "found": "no category folder", "stillness": 0.77, "fps": "59.94->30", "resize": "1280,720 -> 1920, 1080", "volume_changed": "-17.4, 0.0 -> multiplier 1.52", "lower_3rd_dur": 30, "chat_objs": 14, "add_texts": "Added texts: 'what happened...', ' curator: lilkray'", "duration_subtract": 0.05, "elapsed_secs": 100}#14 [06:09] | 2021-12-05 09:59:04.394000 | {"version": "3/22/2021", "clip_volume": "0.060926388415166434 - final volume: 0.03231807954256139", "found": "no category folder", "stillness": 0.57, "fps": "60.0->30", "resize": "1280,720 -> 1920, 1080", "volume_changed": "-23.4, 0.0 -> multiplier 1.52", "lower_3rd_dur": 12, "chat_error": "invalid literal for int() with base 10: 'no_vod'", "add_texts": "Added texts: 'coffeeeee', ' curator: 08wckster08'", "duration_subtract": 0.05, "elapsed_secs": 41}#15 [06:25] | 2021-12-04 03:42:45.549000 | {"version": "3/22/2021", "clip_volume": "0.024559662506021828 - final volume: 0.030875631525045775", "found": "no category folder", "stillness": 0.55, "fps": "60.0->30", "volume_changed": "-29.7, -8.2 -> multiplier 1.16", "lower_3rd_dur": 10, "chat_objs": 14, "add_texts": "Added texts: 'EZ Sur', ' curator: pyrofosfato'", "duration_subtract": 0.05, "elapsed_secs": 37}#16 [06:38] | 2021-12-04 03:42:58.650000 | {"version": "3/22/2021", "clip_volume": "0.07248685268824388 - final volume: 0.039260783957388024", "found": "no category folder", "stillness": 0.57, "fps": "60.0->30", "volume_changed": "-21.7, -0.2 -> multiplier 1.49", "lower_3rd_dur": 15, "chat_objs": 37, "top_emotes": {"mythickCatwtf": 1, "mythickBless": 1}, "add_texts": "Added texts: 'Ohhhh Snap JAHH', ' curator: jzweet'", "duration_subtract": 0.05, "elapsed_secs": 56} submitted by gloomshot_bot to gloomshot [link] [comments]


2021.12.06 11:16 CoolGuess Work from home rules - My proposal

Here are some rules I’d propose:

  1. Employers to pay 25% of the house rent assuming one of the rooms will be used as a office space
  2. Employers to pay 1 time office set up cost (if the employee changes job within 1 year, employee needs to pay back the set up cost)
  3. Recreation allowance - every month, the employees should be incentivised to leave home for recreation because things can get tough working from home all the time
  4. Internet allowance
  5. Banning emails and work calls outside of 9am -6 pm
  6. Limiting number of Zoom/VC calls allowed per day to 2 hrs
  7. 4 days working since WFH takes a toll on you (or 10am-4 pm working hours for 5 days)
  8. Manding everyone to use virtual background available on Zoom and Google meet to mark sure no one is embarrassed about their room/home
Any others you can think of?
submitted by CoolGuess to IndiaSpeaks [link] [comments]


2021.12.06 11:16 W1CK3D-D0G_YT Christmas is the WORST. TIME. OF THE YEAR. (From Unpopular Opinion)

It's the most wonderful time... What's so wonderful about it? Is it... The obligation to buy gifts for people you otherwise would not buy gifts for, or can't afford to buy for? The guilt you're supposed to feel if you don't buy people gifts? Or the next-level guilt you're supposed to feel if they got you something and you didn't get them anything? The traffic and congestion every evening and weekend for nearly two months? The long lines in stores that you are a regular at, but now you have to wait for people who are buying gifts they are obligated to buy? The fancy meal that is stupid expensive and has so much weight attached to it that everyone is freaking out in the kitchen for an entire day trying to make 12 different sides? The same 5 Christmas songs playing at every store, and the Christmas decorations/clothing/whatever overflowing the aisles? The inability to get business done because nobody is going to start a project in the last month of the year? The constant stress of dealing with all of the above? I forgot, Christmas is about spending time with friends and family, right? Except friends and family are too busy buying gifts they don't want to buy, and prepping/cooking meals and going to this thing and that thing and this work thing. And if you don't have friends or family to spend the holidays with, then kiss your mental health goodbye. NOT TO MENTION... ask any kid (at least in N. America) what their favourite holiday is, and 99% of them will say OMG Christmas!, because...? PRESENTS! This holiday is tailor-made to teach kids to be greedy, materialistic twats. I hate every holiday, because they are all made up and just a corporate clusterfuck. But Christmas is next-level awful. If I could afford to, I'd fly to a deserted island for the last two months of every year just to avoid this headache. Bah. Fucking. Humbug.
submitted by W1CK3D-D0G_YT to copypasta [link] [comments]


2021.12.06 11:16 Sonshinesas54 Insurance rejects injection UGH

My insurance rejected the injection/nerve block my doctor gave to try an help relieve my ON symptoms. It did help. I love the wording they provided:
-Not medically necessary
-Cannot approve treatment to block nerves near the outside of your body
-Medical studies we have seen do not show that these nerve blocks improve health
submitted by Sonshinesas54 to Occipitalneuralgia [link] [comments]


2021.12.06 11:16 NOLEO_Care So, we made a baby butt puppet. Butt hear us out...

We're just hoping people will become aware of our natural diapering system. I'm the marketing guy, but also a parent of three kiddos under 5. AMA about NOLEO. Link to our new butt puppet video is here: https://youtu.be/oBiYCRTUiQw
submitted by NOLEO_Care to moderatelygranolamoms [link] [comments]


2021.12.06 11:16 Twinning_Crime_2021 Important meeting today! Keep your fingers crossed!

Important meeting today! Keep your fingers crossed! submitted by Twinning_Crime_2021 to JayJaysPlace [link] [comments]


2021.12.06 11:16 alexaxl Data formats & Visualizations to put Real life Events w some Notes on multi track Timelines & has Cause > Effect arrows between events on various timeline tracks? (flowing right/ down) (& maybe unbroken vs paginated if needed)

submitted by alexaxl to datavisualization [link] [comments]


2021.12.06 11:16 Roaming50 Trailforks was wrong! | Fractured Falls and Weeper at Redhead Bike Park,...

Trailforks was wrong! | Fractured Falls and Weeper at Redhead Bike Park,... submitted by Roaming50 to MTBVideos [link] [comments]


2021.12.06 11:16 howdoesilogin Kiedy nabijasz expa biorąc questy od różnych frakcji

Kiedy nabijasz expa biorąc questy od różnych frakcji submitted by howdoesilogin to PolskaPolityka [link] [comments]


2021.12.06 11:16 qwerty2234543 What this tank destroying

submitted by qwerty2234543 to DownloadVideo [link] [comments]


2021.12.06 11:16 frogbutler420 My (21f) boyfriend (24m) is an addict and I can't do anything about it

I'm 21f and he's 24m. We met a couple of years ago as friend and started dating when he got sober after being an addict for a couple of years. We have been together for two years. He's my second "serious" boyfriend.
He has an extensive history of childhood trauma and he is very open about it. He's been in therapy for about 10 years now.
He has a stable job, a couple of friends and is generally (to the outside world) okay. I love him to death and our relationship has been toxic in the past, but it's more than ideal now after extensive therapy on both our parts, or so I thought. We communicate above all else, it's one of the strengths of our relationship.
He started using coke again recently. Not every day, but on alternating weekends more or less. For most/some people this wouldn't be a problem, but he's been in rehab and this feels like a relapse. I'm afraid he will hit rock bottom again and I'm not sure I can do anything. He can't seem to keep the lie for long though, he feels compelled to tell me a day or so later. I'm honestly glad he doesn't do it in front of me.
This time, he told me he felt like shit lying to me, he said that he hates himself for being addicted to coke. He's utterly ashamed of being "weak" (as he puts it). He doesn't want to hurt me, he says, and feels disgusting because of his addiction.
I don't know what to do. It feels like I'm powerless. I know that he has to solve this problem on his own, that I can only stand by his side and be supportive of his recovery, but when he tells me "I used last night and I feel like shit for not telling you " I feel my heart sink. I hug him, tell him I love him and we'll get through this together, but it feels like I'm trying to convince myself.
It's like I'm watching the wave of a tsunami about to crash on me. He knows that he has a problem, yet he can't seem to overcome it and I wish I could do more. I'm angry at him, at myself, at the world, at his parents for fucking him up so bad that he has to poison himself.
I feel so selfish by being angry. I wish I could hold him, engulf him inside of me and keep him safe. And I feel like I'm failing as a girlfriend. I was supposed to be the one to fix him and I can't fucking do shit.
I'm truly terrified and lost. I've never dealt with addicts before and I can't afford to lose him. I really see a future with him and have never felt this connection to anyone before.
Please please ex/current addicts of reddit, give me some advice.
submitted by frogbutler420 to relationship_advice [link] [comments]


2021.12.06 11:16 munsellchroma Where did you get your BFA or MFA from?

Who did you study with and who are your influences?
submitted by munsellchroma to oilpainting [link] [comments]


2021.12.06 11:16 GhostofKeeny 95%+ of all COVID deaths were preventable. They were deficient in vitamin D and/or zinc and did nothing to reduce viral replication early, allowing the disease to progress unimpeded. The scientific literature and real world doctor reporting is clear. Zinc + Zinc Ionophore (hcq, ivm) kills viruses

95%+ of all COVID deaths were preventable. They were deficient in vitamin D and/or zinc and did nothing to reduce viral replication early, allowing the disease to progress unimpeded. The scientific literature and real world doctor reporting is clear. Zinc + Zinc Ionophore (hcq, ivm) kills viruses submitted by GhostofKeeny to conspiracy_commons [link] [comments]


2021.12.06 11:16 nobjos To leverage or not to leverage?

To leverage or not to leverage? Imagine a world,
a world where your returns are doubled,
but so are your losses,
a world where you can beat SPY,
but it can bankrupt you as well.
Welcome to the world of leverage!
While researching for my last article, I came across this interesting survey that highlighted the increasing use of leverage by retail investors. The key part that stood out was
40% of investors said they have taken on debt to invest, including 80% of Gen Zers, 60% of millennials, 28% of Gen Xers.
80% of Gen-Z borrowing money to invest seems to be very high. And it's not like they are taking inconsequential amounts.
Of those who took on debt to invest, nearly half (46%) borrowed $5,000 or more.
While I am not questioning the outcomes from their survey [1], I ran a similar survey in my subreddit with drastically different results. As you can see below, only around 13% of the responders have used borrowed funds while investing in the market [2]
https://preview.redd.it/l2zy9pdpjx381.png?width=596&format=png&auto=webp&s=a54e2512f105bd2e659ff3b16a08c8e43d528b11
No matter the variations in the results, the key insight is that a large number of retail investors are using leverage while investing. So in this week’s analysis, let’s do a deep dive into the world of leverage.
Leverage - A double-edged sword!
Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal - Warren Buffet
For those unfamiliar with the concept, investing with leverage is very simple.
Let’s say that you had $10K in your brokerage account. You have a high conviction stock that you think is going to have a very good return in the next year and want to invest more than $10K in the said equity. You can take another $10K as a loan from your brokerage staking your entire position as collateral.
Assume the stock went up 10% over the next month and you exit the position.
https://preview.redd.it/xme5f78rjx381.png?width=1020&format=png&auto=webp&s=36b5d5da62492a8a4d57b3237dd950bcba245337
This is the magic of leverage. You used a 2:1 leverage on your investment and doubled your return. (It won’t exactly be double as you have to pay some amount as interest for the money lent to you. I have ignored it for ease of understanding)
Why leverage is known as a double-edged sword is because of what happens when the stock price tanks. Let’s assume that the stock went down 10% and you had to exit the position.
https://preview.redd.it/pan06ndsjx381.png?width=1017&format=png&auto=webp&s=7f395af6e1a2811f1c49493163aa52fde5369ac8
The 2:1 leverage would literally double your losses [3] since your exposure to the stock was double that of your initial available capital.
Now that we know what the benefits and risks associated with using leverage are, let’s look at the current trends in the market.
Rise of leverage in retail trading Trading on margin is just one way of using leverage while investing. While there are more exciting ways to lose money using leverage (Options, Futures trading, etc.), in this article we would be focusing only on leveraging using borrowed money.
The below study from BIS shows an ever-increasing demand for leverage from retail investors since 2019. By Dec’20 the total amount of debt stood at $750 Billion, the highest level on record since 1997 (Inflation adjusted). Adding to this, retail investors are using options now more than ever before. A study by Goldman Sachs showed that retail brokers alone are now trading more options than the entire market used to do in 2019.
https://preview.redd.it/pici0qnujx381.png?width=663&format=png&auto=webp&s=b3bb4b50f9207b3d618670e10026b2487508f4a5
The pandemic has only accelerated this trend as showcased by the Harris Poll. 46% of the responders stated that they have either bought options or bought on margin since the pandemic has started.
https://preview.redd.it/akztxemvjx381.png?width=960&format=png&auto=webp&s=1bdcf196280591b469c041aeb7686e2ef6df5686
It’s not that using leverage is inherently risky. The way many of them are obtaining leverage is a cause for concern. The below chart shows the source of funds used by investors for using leverage.
While borrowing from friends and family can be considered interest-free (it does come with its own set of issues), on average, personal loans charge 9% to 13% APR and credit card debt on average charges a whopping 15% to 23% in APR.
https://preview.redd.it/ta1bxo1xjx381.png?width=830&format=png&auto=webp&s=a3420c88fefa2b91c556df411f4c710f1efd1b9c
The issue here is that just to break even on the investment, the stock or the portfolio must go up somewhere between 9% - 23%! Imagine picking the right stock with it going up by 20% only to lose money in the end because you used the wrong leverage.
Now, a word from our sponsor for this week!
https://preview.redd.it/i5q17vygkx381.png?width=1728&format=png&auto=webp&s=e2810d555f7b0dfadc480fb5f379292edaa01ae8
This issue of Market Sentiment is brought to you by… TOPDOWN CHARTS
Chart driven macro insights for investors -- NEW entry-level service
We have 3 simple goals in our research:
  • Deliver a flow of interesting and actionable investment ideas across markets/geographies
  • Provide risk management input to help sidestep downside risks
  • Present meaningful macro insights that never leave you guessing as to the “so what?“
To be honest with you, this is our very first paid sponsorship — we chose Market Sentiment for a few reasons, but a key one is that we ourselves pay very close attention to sentiment in our research process.
We’ve got a few options available for you to get hooked into our research insights (both paid and free versions), so come on over and take a look:
Subscribe to Topdown Charts Research
https://preview.redd.it/3pc5krnhkx381.png?width=1728&format=png&auto=webp&s=2e44f19cf982f1d4a78886c2a95caab1e71135ba
How to use leverage correctly?
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” - Archimedes
Leverage used correctly can be a powerful tool in growing your portfolio. As per a study published by APR, more investors prefer concentration over leverage while thinking of maximizing their expected return.
What this means in plain English is that most of us will just allocate larger and larger portions of our portfolios to stocks expecting a better return, whereas ideally, you would have got a better risk-adjusted return if you had a well-diversified portfolio and then leveraged that [4].
https://preview.redd.it/qufdc4vikx381.png?width=690&format=png&auto=webp&s=21bee43d866fde62dedf2757367dc8fcd9089204
Ian Ayres and Barry Nalebuff (both professors at Yale) argued in a 2008 paper that it’s responsible for young investors to use leverage. The argument made is that when we are young we need to maintain a lot of exposure to stocks but we would be cash poor. The solution is to use margin to invest in equity and gradually decrease the percentage of leverage as you become older. This in the end would end up providing a much better-expected return.5
But using traditional leverage while investing comes with its own risk
  1. Limited access to cheap debt: Not everyone might be eligible for getting a loan that’s cheap enough to make sense for leverage investing. Depending on your current assets/credit score, the loan you get might be sustainably more or less expensive than the next guy!
  2. Margin call: If you are using a margin account from your brokerage and are unable to maintain the margin requirements set by your broker (i.e, value of the margin account falls below the required amount), unless you have enough cash to cover the position, the brokers will liquidate your position themselves and cover their loan.
  3. Risk of loss greater than initial investment amount: In our first example, we only considered what happens when there is a 10% loss. Imagine a scenario where the company you invested in files for bankruptcy. Then you would lose the 10K investment you made and still owe another 10K to your broker making it a 200% loss on your investment.
Given all these complexities, how would a normal retail investor realistically use leverage?
Leveraged ETFs
Leveraged ETFs take care of all the complicated stuff for you. It’s like investing in any other ETF (albeit, with a slightly higher expense ratio) where they use debt and derivatives to amplify the return of the underlying index.
A classic example is ProShares Ultra S&P500 (SPXU), where it tries to 2x the return of its underlying benchmark (in this case S&P 500) everyday.
As you can see from the below chart, the returns are magnified when compared to the normal S&P-500. Another example is TQQQ which (3x leverage of Nasdaq) has generated 57.86% CAGR over the last 10 years compared to the 22.67% CAGR of QQQ.
https://preview.redd.it/qu0p0ldlkx381.png?width=781&format=png&auto=webp&s=4899bf21cc2ebfcdab0a96ccb7fca826372bcf4c
While leveraged ETFs present a rosy picture in returns, they do come with significant risks. The single most important issue with leveraged ETF is that it breaks the number one rule of Warren Buffet - Never lose money.
Leveraged ETFs work amazingly well when it’s a bull market. But imagine a hypothetical scenario where the market drops 20% in one day. The 3x leveraged ETF (since it has to close its position every day) suffers a 60% drop. Now the market has to only go up 25% for the regular investor to break even on their index fund. But for someone who had invested in a 3x leveraged ETF, the market has to go up 50% for their fund to even break even. In an outlier scenario where the market drops more than 33%, you will suffer a 100% loss6 in which case it’s game over.
Conclusion Leverage is that magical thing that works until it doesn’t. When it doesn’t, it does not look pretty. Ask Bill Hwang if you don’t believe me! He had an amazing run where he converted 200MM into $20 Billion in 10 years (which is phenomenal considering the scale he was working with), then lost all of it in just two days due to an extremely over-leveraged position.
Granted, the optimal use of leverage while investing would end up giving you outsized returns, but the extremely complicated nature by which you have to rebalance and carefully adjust your portfolio is far beyond the skill-set of most investors. You don’t have to take it from me, take it from two of the most successful investors of our time.
“If you’re smart you don’t need leverage; if you’re dumb, it will ruin you.” - Warren Buffet
“There are only three ways a smart person can go broke: liquor, ladies and leverage” - Charlie Munger
Until next week…
Footnotes
[1] The survey was conducted by Qualtrics. it was an online survey of 2,046 U.S. consumers — of which 994 were investors — from March 30 to April 6, 2021. The survey was administered using a non-probability-based sample, and quotas were used to ensure the sample base represented the overall population. All responses were reviewed by researchers for quality control.
[2] Either the sample from which they did the analysis was biased or the Reddit crowd is extremely risk-averse, both of which seem to be not realistic. Let me know what you think about why the results are so vastly different!
[3] Same as with the gain calculations, in reality, your losses would be even higher as you would have to pay back the interest as well on the borrowed amount.
[4] This has more to do with the perception of risk. While concentrating all your portfolio into equity when you are young does not feel that risky (due to a longer timeframe), ideally, your risk would have been lower if you had borrowed money to invest in a well-diversified portfolio. But this intuitively feels riskier (borrowing money) for a large segment of investors even though mathematically it would give a better return over the long run.
[5] The argument made in the paper supporting leverage is that even if we end up blowing the account due to leverage, the capital loss would be lower as we would be young and we would have enough time to build up another account. This excellent video from Ben Felix explains the concepts in detail.
[6] Leveraged ETFs are so complex that they can be an analysis topic of their own. This video from Plain Bagel does a great job of explaining the risks associated with leveraged ETFs.
submitted by nobjos to market_sentiment [link] [comments]


2021.12.06 11:16 CoffinArcher A Helpful Reincarnation : Vol4 Chapter 2 -- Investigation

I just published "VOL4 CHAPTER 2 : INVESTIGATION" of my story "A Helpful Reincarnation (Female OC) COTE". https://www.wattpad.com/1160261387?utm_source=android&utm_medium=com.reddit.frontpage&utm_content=share_published&wp_page=create_on_publish&wp_uname=Aureum72&wp_originator=yPmlAOZZaagSaXlMuveVWW00qnc3vaMj4ZhFMWyToGVcJLPb0NcwM9Qi9YZtACpxU4wUeeEKAIdPl00aXhvun5JhPlRbpw0eLrJ4HY%2FlqIvpJV0hZ3cfZPrMEN0%2BEYJQ
submitted by CoffinArcher to ClassroomOfTheElite [link] [comments]


2021.12.06 11:16 alcastro21 Broken Magnets 🤣

Broken Magnets 🤣 submitted by alcastro21 to PokemonBDSP [link] [comments]


2021.12.06 11:16 Pandainthecircus Let there be a way for lower level town halls to see what siege machines do

I can be donated them, but I can't see the stats or what exactly it does without looking it up on a wiki article.
I can see what donated troops/spells do despite not having them unlocked.
submitted by Pandainthecircus to ClashOfClans [link] [comments]


2021.12.06 11:16 Condition-Orange Kids stroller at Abandoned Mall, USA. [OC]

Kids stroller at Abandoned Mall, USA. [OC] submitted by Condition-Orange to urbanexploration [link] [comments]


2021.12.06 11:16 Klickytat Where can I buy pens on campus?

And a calculator as well. I’d go to the bookstore, but I’m looking for any cheaper alternatives
submitted by Klickytat to UofT [link] [comments]


http://vasavto.ru