I think BOJ will panic. Rumour has it that $20T worth reverse carry trade will unwind. Multiple limit down days ahead if true.

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Well they didn’t want anymore tourists. I think they fixed that problem.

funny

VIX hit 60 today. Same levels as March 2020.

March 2020 was unexpected. This, not so much.

Don't find yourself playing to the downside AFTER such a strong down move has passed. This is merely a reset to grind back higher.

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Can someone explain how the reverse carry trade impacts us markets?

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BoJ has their interest as zero for many years and people start to borrow in yen and invest into other market, mostly US equity and bonds. Unlimited money glitch.

Now suddenly BOJ turbo charged ther interest rate and the yen appreciated 10% overnight which triggered margin call everywhere. Now people have to sell whatever investments they have elsewhere to pay back their loans.

helpful

Borrow bunches and loads of money cheap from Japan. Then ape into US markets on heavy margin.

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As someone living in Tokyo, BOJ are fools to try and kill the weak yen. Weak yen has boosted profits, made their export driven companies more competitive, boosted domestic companies by making domestically produced products more affordable relative to imports, and boosted FDI, and turbocharged tourism.

Plaza Accords in the 80s killed the Japanese miracle by forcing Japan to strengthen the yen. This time the BOJ did it all on its own.

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I suppose they like to move their cash out of the country and the weak yen doesn’t help with that.

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Hi guys. I have a query with regards to the Income tax proof submission.

So I have claimed exemptions on the following-
1) HRA
2) 5 year term deposit(fixed deposit) under Section 80C
3) Interest on education loan under Section 80E

I have also provided previous employment details.

Guys I didn't know that we have to submit declaration forms as well. Can you please tell me which are the declaration forms that I would need to fill and submit??

Thanks in advance :)

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I am financially secure (husband now has a high earning job) and looking at what options for "moon shots" at chances of real wealth generation with my years in Big 4 (10+). Month to month cash flow isn't a concern anymore so i can focus on opportunities for bigger pay days. Ideas from the hive mind?

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What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

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LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

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I joined Tiger Analytics with CTC of 9lpa. When I check in greythr IT statement, it shows 7.14lpa.

In the CTC payslip, it shows 75k per month as my salary. But this month I got 61k.

I understand they deduct tax, but I feel it is too much. IDK where I'm losing the money. Can someone tell if this is normal. I'm a fresher so, IDK much about it.

Also, what can I do to pay less taxes? Any help on that?

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For those of you who got out at 10, do you wish that you rode it out to 20? I’m at a crossroad and I’m not sure what to do. Have some active/reserve time, wrapping up graduate school, and am now considering either a) come back to the business world or b) go active and retire before 50 and live off a nice pension. Obviously there are draws to both. I’m an officer for what it’s worth so I can realistically retire at O-5, MAYBE O-6.

likesmarthelpful

Just received an email from compliance that Wealthfront should be labeled as a brokerage account and needs to be closed. Anyone know how to work around this? Using it just for the cash savings account

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What trading platform do you use? I was thinking of switching to TD Ameritrade think or swim, but wanted to see if they were any better options

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Folks making more than £100K: How do you deal with the 60% effective tax rate on the 100-125K bracket? (HMRC gradually reduces your £12,750 personal tax-free allowance to £0.)

This is the first time it is happening to me. With one month to go until the end of the tax year, I'm thinking of making a one-off extra pension contribution next payroll.

Any other effective strategies with only one month to go?

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What are the best ways of tax exemption

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I saw this townhouse in a prime location in my city for $350k (cheap for the area). The floors are all messed up though but the buyer said they’ll either lower the house price or give a credit for closing cost. There’s also a lot of nicks here and there (some locks missing from door, dents, scratches, stains, and some things are loose). But overall, the house’s architecture and design is so beautiful. Would it be worth it to get it and fix it up? Or find a newer house with less maintenance?

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Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best

When do you predict the dip? I've been waiting for so long, but don't want to buy now. VTI seems inflated.

likefunny

SOL vs ETH 2.0?

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When I place a limit buy on Bittrex, say on a eth-strat pair, and it hits my bid 2 days later, what is the constant? Price of eth (at time of order) or units of strat bought?

Guys, I'm leaving TCS in Nov, I have question regarding my PF, actually I'm in Europe now on Deputation from TCS and I got a job here, so I resigned from TCS. I don't want withdraw my PF, is there a option?

Invest in roth 401k or traditional 401k and save the difference for a house downpayment?

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Hi All, I am exploring a contract position and they are offering the below. As I am new to contracting, Please suggest which one is better Option 1: $70/hr on W2
Option 2: $80/hr on 1099
I live in the Bay Area, CA if it matters.

Thank you so much !

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likesmart

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Feeling like it's only a matter of time before I have to tell the new marketing dept head that the snazzy jargon just makes him sound like a tryhard and alienates our customer base

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How many billable hours per week is considered at capacity? I’m getting pushback on boundaries I’m setting about additional matters and marketing work from my firm when I’ve been billing 60-75 hours per week for the last 6 weeks, and I’m still behind on my work. I feel like it’s reasonable to not kill myself further to fit in more/turn things around faster at this point, but am I being unreasonable? I expect my workload to remain at this level through the end of the year at least.

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Got offered a pharma/healthcare role (currently work consumer side). 15% more than current role, lateral move, remote for now of course. Not sure if I should take the offer or not, given I have no experience in pharma & health. I said I would sleep on it. Advice?

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For all the 🐠 that switched from consulting to product, which role provided you with more tangible skills? I know I’m making some broad strokes here, but thought it might open other discussions as well

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As a first time PM at a company with no PM structure, I’m finding it difficult to learn good practices and bring myself to “the next level”. Has anyone here had a similar self taught start that made the break through to become a solid senior PM? Anything will help, books, etc.

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Anybody taken adhd meds while pregnant? Or quit because you were pregnant? How did work go?

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Does anyone have success conceiving with low AMH? I am 30 yo and my AMH is 1.11, RE says it's low for my age.

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Do you know what today is, today is the day I am now allowed back to office as our vaccination requirement was dropped? I still can’t go to our office in NYC and possibly some other jurisdictions and we do need to follow client rules to visit them.
Have any of other Big 4 made changes?

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In the most unnecessarily complicated phrasing worthy a dissertation, what are you working on this week?

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Been at Paychex(payroll) as a channel rep for 3 years. 70k salary and 110k max with commission. Love WFH but need more pay. Want to leave for more money, what's out there and what should I look into? I work I. Bay Area CA

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What will be my in hand salary??
Can anyone explain what is BOB and how it's works?Larsen & Toubro Infotech Mindtree L&T Technology Services Tata Consultancy

Post Photo
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BC - UVXY calls ATM here at close with Dec expiry?

My first foray into luxury watches! Hoping for a few more in the future 😊

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Why too many people leaving FIS ?

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What do you think of the LSAT decision? Personally I think it might be a little unfair to suddenly abolish it when hundreds of thousands of students have had to take it over the last few years and beyond. But I get that it's expensive. Anyways, good idea or bad idea?

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Hi all ,
I have 2.8 years of experience in JavaScript development (react , node ) and CTC of 5.25 lpa .is it okay in terms of industry standard ?how can I make my package better ? .How does a react developer get into higher-paying product firms?

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Who are some good, small scrappy agencies in the digital space? Asking for an in-house friend

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Dad’s thinking of starting a PC Richard & Son franchise. Bad idea?

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Trying to go to Mexico on June, looking for beach and good places to party safely 😬

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Additional Posts in Option Traders & Investing

Any inputs on QS stock? I got it at $15 rate, how long will it stretch? Pretty new to shares, how you people decide when to pull back?

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Love that in true form I chose the 1 red meme stock. 😂💎💎💎

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3/2 - (specific symbols)

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What trading platform do you use? I was thinking of switching to TD Ameritrade think or swim, but wanted to see if they were any better options

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Made my first few options trades.

first lesson I learned- take profits ASAP! calls went from +100% to -20%.

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I have just got an options trader job at a prop trading firm. But I knew nothing about options/trading/finance. The firms said they’ll be officially training us once we start. But in the meantime, what are some books/resources that you would recommend to start learning first?

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Just read in Robinhood Snacks that Peloton has their IPO this Thursday on NASDAQ. Can't believe I haven't heard anyone else talk about this yet.

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$BABA got murdered today. Buy, hold, or sell?

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5/28 Thread (General):

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Anyone here willing to explain their thesis on bitcoin? Thanks!

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crwd 4/17 $60 calls... you heard it here first

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My play for next week:
Sell the SPY 200 puts since the market would plummet. Look for opportunities to buy back, probably when the stim bill passes. Would love to hear your thoughts on it

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Anyone going after any cheap Hail Mary plays for the week? Looking to put ~$200 to work but it’ll likely be a gamble.

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Hell YEAH!! They JUST approved!!!! Make it rain on Monday!!!

Post Photo
likesmart

Looking for some interesting plays that are not Doge, GME, etc (already in those 😅). Thoughts?

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What’s the end of quarter rebalancing? How did it have anything to do with the rally this week? Thank you

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I don’t play with options much, but I happened to buy VERU calls for 2/19 a little while ago and now it’s skyrocketing, it’s up over $1k for me- will it keep going up? Should I just take the profits now and be happy?

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Bought DOCU Jan 17th 75 call

For those who have been driving the daily thread posts (senior tax accountant / KPMG / etc) please DM me if interested in becoming a community leader for this bowl. I’ll put you in touch with Sam from Fishbowl. Thanks!

likeuplifting

Thoughts on SPY $240p for 5/4? Keep or sell? Already at -51% , the dip today did not make a dent at all

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