Unpopular opinion - the economy has to become dynamic in order for it to have any longevity (and other musings on the progression)
Ain't no one gonna read this but here it goes! The issue of progression has recently been gaining some traction in the community with Klean and DeadlySlob covering this topic recently. Now any solution to this has an inherent issue associated with it - it'll be uncomfortable to someone. Whatever is done, it'll negatively affect someone, just by the fact of change alone. You cannot make something better by not changing anything. So anything you do or don't do, you will alienate a portion of your playerbase. Early/Mid-game vs Late game. Early and mid game is lauded, late game is considered boring. But why? For startes, firefights last longer, require more skill, movement, tactics and outsmarting your opponent. You value your life, you feel respect even for the shittiest of bullets. You have a feeling that the kill is earned. Guns have tons of recoil so you need to pick your shots. It's... I know it's illegal... but it's fun. Late game however is plagued with a number of issues. Gear gets dominated by very similar loadouts that cover approx 10% of the gear in the game. There's nowhere to progress as you've reached the ceiling. The excitement from killing a kitted player diminishes as time goes as the economy saturates. People start being picky with their loot and only the good stuff brings any sort of satisfaction. The hideout provides a steady, predictable stream of income. You let it run long enough it becomes a mindless PVP battleground. Side note - the black and white fallacy of the makeup of the community. Casuals vs hardcores. Rats vs Chads. Whenever a discussion pops up this dichotomy is always present. "Feature X hurts casuals but doesn't bother hardcore gamers playing 8h a day". No. Like anything in life the population of EFT is subject to the bellcurve distribution. There are hardcore sweaties grinding out the kappa within a week and there are also sunday gamers. Then there's everything else in between. Let's keep that in mind. You don't need to be a streamer or play the game as a full time job to make money. We have a discord for 30+ yr old gamers with families and all of us were swimming in roubles and gear after 3 months of the past wipe. Sure it takes us longer than streamers, but still. The meta Taking weapons as an example. Different items have different stats (recoil, ergonomics, etc), some are obviously better than others which obviously makes them more sought after. There are also different ammo types for every caliber. Then lastly we come to the guns which directly tie into the first point, by their base stats and how much those can be brought down/up by attachments. If you have a plethora of items that have different stats, there's sure to be an optimal loadout. If that optimal loadout is always available at an attainable price to the point where you can run it consistently, then there's really no reason to run anything less. This is the meta and at the moment it's basically a synonym for best in slot. Appealing to a greater good such as gameplay variety is in vain because people will do everything to put themselves in the best possible position. If that means running whatever flavor of meta weapon that is - VAL, M4, FAL alongside top tier lvl 5 or 6 armor over and over and over and over again, so be it. We all know that's not the only way to get by in EFT, but all else being equal - top gear puts you on equal footing at minimum. Trash contextualizes treasure. A rare item is not rare if everyone is running it. It's a normal item. Gear minmaxing combined with a ceiling in progression create a situation where the game becomes stale, people get bored and we get chants for a wipe to releave the pressure. Wipes Wipes however, even at set intervals, are not the solution. Every wipe, in the absence of something fundamentally new, gives you (rapidly) diminishing returns. Doing the same quests over and over is an absolute drag. It's my 7th wipe and this time around I've really hit a brick wall with them. Now imagine doing them every 3 months. Maybe just do an inventory and trader level wipe? Yeah, that's just skipping one part of it and arriving at the same point but even quicker, considering how quickly you can make money. The endpoint being - having enough money to run anything you want all the time without the fear of getting broke. Or in the abstract, having a big enough cushion to make any blow from a bad streak become inconsequential. All of that is just a perpetuation of the same sawtooth progression. Grind, saturate, wipe, grind, saturate, wipe. Side note - persistent character vs wiped character I know there have been talks about having two characters - one persistent that's not wiped and one seasonal that is. On paper this might look like a good solution, but there are some problems. POE players would have to chip in, but I reckong, that in a way this might become a form of matchmaking - the persistent character would be a mode for "sunday" players, while the wiped one for the sweats. I mean, maybe that's the way to go, but if the game is to gave any longevity, the persistent character will eventually face the same issues as the current game, it'll just take longer to develop. Unpopular opinion - The economy is just a set of time and effort gated unlocks. There have been multiple ideas to prolong a wipe, but in my view the fundamental issue with those is that they're based off the same linear progression - start from scratch and acumulate wealth until saturation. Some of these ideas include restricting labs till level X, locking behind a quest or just disabling it for a month. The problem with these is that it's just delaying the inevitable, while also giving a direct buff to those who get there first as they'll have the place virtually to themselves. What follows is also the concept of "starting mid wipe", which essentially means that the gear disparity is so big that the further into a wipe, the more difficult it is to catch up. That effort is directly correlated with experience - the more experience you have the easier it is for you to reset or jump in midwipe. Extending a wipe potentially alleviates that by giving people more opportunity to catch up, but also pushes away from coming back/into the game if they recognize that it had passed their personal breakpoint where it's too hard / frustrating. Perpetual mid-game So out of all of that, a clearer picture emerges. We have to somehow find a solution to always have something to work for, but also not give the impression that you're up against an impenetrable wall. That means that the game needs to pivot around something colloquially known as mid game. How would we define mid-game? That's another debate, but for the sake of the argument we could define that as something in the range of:
Armor: Kirasa/6B23-1 to 6B3TM-01M or Uley chest rigs,
Ammo: 5.45 BP to BT, M855 to M856A1, 7.62 PS to TS-45, etc.
That would be the sort of mean loadout you can run on a consistent basis and you'd see the majority of the time. From the sentiment across the community, this seems to be the most enjoyable state of the game, where the sweetspot is in terms of protection and vulnerability, but allowing a lot of headroom for both variety and Solutions Now we must have to remember that there's a number of changes inbound that will alleviate some of the issues:
Armor will get more realistic hitboxes to match the actual armor plates which should flatten the armor progression curve quite a bit and make more ammo more viable.
Suppressors will get durability
Barrell overheating mechanics should alleviate some of the issues with magdumps.
But those are sill far on the horizon. The uncomfortable reality is that in order to truly balance that you have only a few choices. One is to go down the route of typical FPS tropes where every weapon type is perfectly balanced (i.e. shotguns powerfull but limited range, smg's low recoil, high ROF but weaker, dmrs powerful but high recoil and low ROF, etc). I don't think this will be ever a thing in the game. Another one is to make attachments roughly equal and just attribute the differences to the tacticool visual factor. This would be realistic in a way, but would take away from the game. The last one is to price them out. Literally. I'm of the unpopular opinion that endgame should not be a stage, it should be a state. Dynamic pricing I know I know, last time it failed spectacularly. However, that was a different flea market and the implementation was poorly thought out. Since it didn't have a pivot point to relate to it caused widespread inflation of even the most basic items and was prone to manipulation. However the concept in principal has proven itself to work - M995 was essentially priced out of existence and forced people to look for alternatives like M855A1 or M856A1 or different calibers alltogether. Even the sweaties of sweats got a bit excited when they killed someone with 3 60rounders filled with M995. See where I'm going with this? The execution was poor and poorly thought out. But how about a different implementation? Adjust the prices based on how much an item is (or is not) bought compared to other items of the same item type. Most popular items' price (of a specific category) increases, while the least popular one decreases. This could also be coupled with (or as an alternative) an additional rarity factor which would sort of specify how volatile the price is. Continuing the ammo example M995 would have the highest rarity factor and would be very prone to price increases, while the likes of M855 would be considered common and have a much more stable price. Obviously this would be subject to long term trends and would not happen overnight. But the main aim is to dynamically scale the economy to the general wealth of the playerbase around a certain pivot point which we established before as the mid-game. This would be a quite significant blow to the uberchads as they would unironically struggle to maintain a profit from their runs. And yes, some of them would still probably be able to pull this off, but remember what we said about the bell curve? It's just about making them so insignificant in the global player pool that they'd be a very rare occurance. Global item pools This idea has been floated around by Nikita some time ago but we have no ETA on this. In short - for some items, there is only a set amount that is present in circulation. For example there are only X amount of ReapIR's in the entire economy - spawns, traders, player stashes. If everyone hoards them in their stashes - thats where they'll remain. They don't spawn on maps, they're not sold on traders. Only until they're lost they get reinjected into the item pool. This idea should be reserved only for the absolute top tier OP items. Something that you'd get all giddy if found/looted and you'd contemplate taking it out. Side note, the X amount should scale to the active playerbase, which could be something like a weekly or biweekly moving average of people actively playing the game in a set period. Insurance This one is a bit controversial but also attributes to some of the in game inflation and gear recirculation. If you run a large squad, even if one of you dies, there's a high chance someone will survive and secure others' gear. And even if all of you die, something's bound to come back. This might be a bit controversial, but I think group size should have a debuff to the chance of getting your gear back the higher the bigger your squad size, for example an incremental 10% chance for each additional squadmate. Hideout adjustments Right now fuel consumption is static no matter how much stuff is going on. What if the fuel consumption rate was tied to the size of your bitcoin farm and the amount of crafting going on. Additionally hideout appliances could wear out and require maintenance, which would grant them performance debuffs like increased crafting time. Dynamic stocks. Right now stocks are predictable. You have the same amount of items at a set interval. Things like traders missing some items or not getting a restock due to broken supply lines, which can be cheekily tied into... Dynamic global events/quests Such as as getting rid of scavs on a particular location to remove the roadblock. These might be done per player or as a global event where everyone has to chip in. Summary The subject is difficult and solutions are not simple, but what I do know is that eventually Tarkov will have settle into an identity which will come with a sacrifice either at the expense of vision or mainstream popularity. Thank you for coming to my TEDTalk. I'd like to give a heartfelt thank you to the 5 people that read this wall of text.
My Provisional List of COVID Anomalies, Red/ False Flags & Clear Indications of Scumbaggery And Scambuggery. LIHOP, MIHOP Or HOAX/SCAM? Def Not As Described. Very Much Updated Since 1st Posting. Please Let Me Know What I’ve Missed Or Add Links. Repost, Due To Strange Disappearance of 90% Of My Post.
Not going to add to my existing paranoia by speculating, but here it is updated... Here’s my Top 22 list of suspicious shenanigans and red flags surrounding the COVID narrative:
The Imperial College Death data - Neil Ferguson and Gates-funded Imperial College, London Model that ‘persuaded’ Johnson and Trump to lockdown. Projected 500K deaths in UK and 2.2m deaths in US, EVEN WITH LOCKDOWN. Less than 10% accuracy but 110% alarmist, and evidence that the coding was deliberately flawed and designed to inflate numbers. Gates funding everyone involved in the staged 'debacle'.
Decentr ($DEC) - foundational cross-chain and cross-platform DeFi protocol
Decentr is a protocol designed to make blockchain/DLT mainstream by allowing DeFi applications built on various blockchains to “talk to each other”. Decentr is a 100% secure and decentralised Web 3.0 protocol where users can apply PDV (personal data value) to increase APR on $DEC that users loan out as part of of our DeFi dLoan features, as well as it being applied at PoS when paying for stuff online. Decentr is also building a BAT competitor browser and Chrome/Firefox extension that acts as a gateway to 100% decentralised Web 3.0
Allows DeFi Dapps to access all Decentr’s dFintech features, including dLoan, dPay. Key innovation is that the protocols is based on a user’s ability to leverage the value of their data as exchangeable “currency”.
Decentr is building foundational chain-agnostic protocols that will support “true” 100% DeFi Dapps, a 100% secure and decentralised, user-centric alt economy. DeFi dApps inter-connected by Decentr can talk to each other and share PDV (personal data value) of their users. PDV is best described as a personalized “exchange rate” (in a sense social reputation where more effort leads to more rewards and NOT more capital to more rewards. ) between currencies that users apply at point-of-sale to make the cost of goods and services cheaper online. PDV is applied to the APR users earn on $DEC (native token) that they hold that they loan out as part of the investing pool. PDV will also allow uncollateralized loans on their dLoan platform, and also on platforms like Aave and Compound.
Decentr will implement ZKsync to get super cheap and super fast transactions across the ETH network. It is also working with HoloChain and Tomochain to allow connect their DeFi ecosystem to the Ethereum DeFi ecosystem. Decentr has DEEP TIES and a PARTNERSHIP with Holochain: https://medium.com/@DecentrNet/decentr-holochain-ama-29d662caed03
Decentr is also building a browser and Chrome/Firefox extension - a gateway that “transitions” Web 2.0 into a 100% decentralised Web 3.0 via their suite of decentralised dFintech and dCommunications features. The browser adds a 100% decentralised “user layer” to current blockchain protocols so that applications built on blockchain can actually “talk to each other”. The browser uses encryption all the time and the power of blockchain to keep private keys safe. Browser will offer a more robust and innovative type of blockchain storage and caching that is much faster than VPN or TOR. It will allow surfing .onion addresses as well as the regular ones. >>BAT browser 400m marketcap, DEC marketcap 4m<<
Decentr is researching a hardware application, powered by Decentr software, that would greatly enhance current IoT networks. It’s called a “Smart Chip Node” (SCN) and will adhere to 4G LTE standards (with in-built 5G capability), which means connectivity between devices will match or exceed current speed and connectivity, dramatically improving stability and coverage of standalone devices, such as a laptop or tablet, as well as IoT devices, such as home routers and modems.
Decentr uses Coinbase API to optimise integrated implementation of the user layer and Blockchain as a Service (BaaS) to allow users to leverage cloud-based solutions to build, host and use their own blockchain apps. Tierion’s technological infrastructure, the Chainpoint Proof protocol, will come into play whenever a user adds something in Tierion’s data store. Hyperledger Fabric and R3 Corda private blockchains are used as an immutable transaction database for data transfers, including the following tech: R3 Corda, Hyperledger Fabric, Ansible, Bitbucket Pipelines, AWS, Node.JS, GoLang, Kotlin and CouchDB.
Implements a system of layered security protocols based on a radically-new software architecture that combines Elliptic Curve Cryptography (ECC)4 and Sobol sequencing with a n-dimensional chain as part of AI-enhanced, platform-wide community consensus mechanism — a mechanism that assigns mutually agreed value to data and user security protocol upgrades (further encouraging enhanced data integrity) by deploying a Delegated Proof of Stake (DPoS) protocol.
Bank of England has reached out to Decenr to discuss the potential of a UK CBDC upon hearing about the potential of their tech. Decentr is consistent with their own R&D into a "dGBP" and they requested a top-level document for review >> Decentr created this proposal: https://decentr.net/files/Decentr_Consultancy_Doc_UK_CBDC.pdf
A fee is charged for every transaction using dPay whereby an exchange takes place between money (fiat and digital) and data, and vice versa, either as part of DeFi features or via a dApp built on Decentr. They are launching pilot programmes in the following industries:
Banking/PSP Industry: On Product launch, due to Decentr’s powerful PSP connections (including the worlds #2 PSP by volume), a medium-scale pilot program will be launched, which will seed the network with 150,000 PSP customers in primarily the Spanish/LAC markets, generating revenue from day one.
“Bricks and Mortar” Supermarket/Grocery Industry: Decentr aims to ensure the long-term competitiveness of “bricks and mortar” supermarkets against online-only grocery retailers, such as Amazon, by a) building secure tech that allows supermarkets to digitise every aspect of their supply chains and operational functions, while b) allowing supermarkets to leverage this incredibly valuable data as a liquid asset class. Expected revenue by Year 5: $114Mn per year.
Online Advertising Industry: Decentr’s 100% decentralised platform credits users secure data with payable value, in the form of PDV, for engaging with ads. The Brave browser was launched in 2012 and in 8 years has reached over 12 million monthly active users, accented by as many as 4.3 million daily active users.
TOKEN $DEC AND SALE
Decentr recently complete their token sale on a purchase portal powered by Dolomite where they raised $974,000 in 10 minutes for a total sale hardcap of 1.25M. The $DEC token is actively trading on multiple exchanges including Uniswap and IDEX. Listed for free on IDEX, Hotbit, Hoo, Coinw, Tidex, BKex. Listed on CoinGecko and Coinmarketcap. Listed on Delta and Blockfolio apps. ➡️ Circulating supply: 61m $DEC. ➡️ Release schedule and token distribution LINK -> NO RELEASE UNTIL 2021.
A tradeable unit of value that is both internal and external to the Decentr platform.A unit of conversion between fiat entering and exiting the Decentr ecosystem.A way to capture the value of user data and combines the activity of every participant of the platform performing payment (dPay), or lending and borrowing (dLend), i.e a way to peg PDV to tangible/actionable value.Method of payment in the Decentr ecosystem.A method to internally underwrite the “Deconomy.
493 BTC were traded in Venezuela using LocalBitcoin (down from 544) last week, buying BTC with FIAT and selling BTC for FIAT (Bolivares, Venezuelan official currency). 544 BTC were 999,452,000,000 Bs. (Bolivares). One BTC is around 2,180,000,000 Bs. Monthly minimum wage is less than 5 USD
My Very Provisional List of COVID Anomalies, Red/ False Flags and Clear Indications of Scumbaggery. LIHOP, MIHOP Or HOAX/SCAM? Def Not As Described. Need Your Help To Source References and Links For Existing Categories And Add New Ones. This is WOEFULLY INCOMPLETE. I Know I've Missed Tonnes...Ideas?
Here’s my Top 22 list of suspicious shenanigans and red flags surrounding the COVID narrative:
The Imperial College Death data - Neil Ferguson and Gates-funded Imperial College, London Model that ‘persuaded’ Johnson and Trump to lockdown. 500K deaths in UK and 2.2m deaths projected in US, EVEN WITH LOCKDOWN. Less than 10% accuracy but 110% alarmist, and evidence that the coding was deliberately flawed and designed to inflate numbers. Gates funding everyone involved in the staged 'debacle'.
Hi guys share ko lang yung current apps/sites na tinetest out ko. Hindi pa ako nakakapagcashout sa mga ito pero feeling ko naman legit ito dahil sa reviews sa youtube. Baka trip nyo lang din subukan with my referral haha :) 1. Brave browser Ang dami na pong may review dito nito kaya hindi ko na sya ieexplain. 1 week ko pa lang gamit pero nasa 5.100 BAT na ako. May alam ba kayo saan nakukuha yung referral link para dito? Hahah 2.Coinpayuhttps://www.coinpayu.com/?r=pangm Earn satoshi/bitcoin by watching ads. Minimum withdrawal is 10,000 satoshi. 2 days ko pa lang gamit thru laptop and nasa 900 satoshi na ako. Open mo with brave browser para 2 in 1 ang kita nyo hahahha. 3. GetRich app (enter code:738432 to receive 50 coins) Earn money by watching youtube videos. Each videos ay 10 coins tapos may limit lang per day na videos. gawin nyo na lang x2 ang speed kapag nanood kayo haha. 2 days ko pa lang gamit and nasa 800 coins na ako (nagdownload din kasi ako ng apps) ang minimum payout ay 7,990 coins equivalent to $8 ng PayPal. Makakaearn ka dito ng malaki by referral kasi kapag nagrefer ka at naka 2,500 coins na sya ay magkakareward ka ng 5,000 coins. 4. Milieu survey app (referral code:9tNMHtz) Only survey app na hindi ako nasscreenout hahahah. Sa ngayon nasa 2,300 points pa lang ako. Mabagal magkapoints pero ayos na din kasi nga dito lang na survey ako hiyang. Hirap kasi ng demographics ko Province, unemployed. Anyway ito naman yung apps na nakapagcash out na ako (sobrang liit pa lang haha baguhan pa lang ako sa beermoney ih): 1 Buzzbreak ( referral code: B16432636 ) 24.73 pesos pa lang 2. Clipclaps (referral code: 16T3ABAY) 4.79 pesos pa lang ( Sana magamit nyo referral ko kahit tig 2 referral lang masaya na ako hahaha thank you!)
Venezuela update. One BTC is around 1,820,000,000 Bs. (Bolivares). 457 BTC were traded last week, dowm from 593 BTC (only using LocalBitcoin), these 457 BTC traded are 759,709,000,000 Bs. Minimum monthly wage is around 5 USD.
Testing the Tide | Monthly FIRE Portfolio Update - June 2020
We would rather be ruined than changed. -W H Auden, The Age of Anxiety This is my forty-third portfolio update. I complete this update monthly to check my progress against my goal. Portfolio goal My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars). This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent. Portfolio summary Vanguard Lifestrategy High Growth Fund – $726 306 Vanguard Lifestrategy Growth Fund – $42 118 Vanguard Lifestrategy Balanced Fund – $78 730 Vanguard Diversified Bonds Fund – $111 691 Vanguard Australian Shares ETF (VAS) – $201 745 Vanguard International Shares ETF (VGS) – $39 357 Betashares Australia 200 ETF (A200) – $231 269 Telstra shares (TLS) – $1 668 Insurance Australia Group shares (IAG) – $7 310 NIB Holdings shares (NHF) – $5 532 Gold ETF (GOLD.ASX) – $117 757 Secured physical gold – $18 913 Ratesetter (P2P lending) – $10 479 Bitcoin – $148 990 Raiz app (Aggressive portfolio) – $16 841 Spaceship Voyager app (Index portfolio) – $2 553 BrickX (P2P rental real estate) – $4 484 Total portfolio value: $1 765 743 (+$8 485 or 0.5%) Asset allocation Australian shares – 42.2% (2.8% under) Global shares – 22.0% Emerging markets shares – 2.3% International small companies – 3.0% Total international shares – 27.3% (2.7% under) Total shares – 69.5% (5.5% under) Total property securities – 0.3% (0.3% over) Australian bonds – 4.7% International bonds – 9.4% Total bonds – 14.0% (1.0% under) Gold – 7.7% Bitcoin – 8.4% Gold and alternatives – 16.2% (6.2% over) Presented visually, below is a high-level view of the current asset allocation of the portfolio. [Chart] Comments The overall portfolio increased slightly over the month. This has continued to move the portfolio beyond the lows seen in late March. The modest portfolio growth of $8 000, or 0.5 per cent, maintains its value at around that achieved at the beginning of the year. [Chart] The limited growth this month largely reflects an increase in the value of my current equity holdings, in VAS and A200 and the Vanguard retail funds. This has outweighed a small decline in the value of Bitcoin and global shares. The value of the bond holdings also increased modestly, pushing them to their highest value since around early 2017. [Chart] There still appears to be an air of unreality around recent asset price increases and the broader economic context. Britain's Bank of England has on some indicators shown that the aftermath of the pandemic and lockdown represent the most challenging financial crisis in around 300 years. What is clear is that investor perceptions and fear around the coronavirus pandemic are a substantial ongoing force driving volatility in equity markets (pdf). A somewhat optimistic view is provided here that the recovery could look more like the recovery from a natural disaster, rather than a traditional recession. Yet there are few certainties on offer. Negative oil prices, and effective offers by US equity investors to bail out Hertz creditors at no cost appear to be signs of a financial system under significant strains. As this Reserve Bank article highlights, while some Australian households are well-placed to weather the storm ahead, the timing and severity of what lays ahead is an important unknown that will itself feed into changes in household wealth from here. Investments this month have been exclusively in the Australian shares exchange-traded fund (VAS) using Selfwealth.* This has been to bring my actual asset allocation more closely in line with the target split between Australian and global shares. A moving azimuth: falling spending continues Monthly expenses on the credit card have continued their downward trajectory across the past month. [Chart] The rolling average of monthly credit card spending is now at its lowest point over the period of the journey. This is despite the end of lockdown, and a slow resumption of some more normal aspects of spending. This has continued the brief period since April of the achievement of a notional and contingent kind of financial independence. The below chart illustrates this temporary state, setting out the degree to which portfolio distributions cover estimated total expenses, measured month to month. [Chart] There are two sources of volatility underlying its movement. The first is the level of expenses, which can vary, and the second is the fact that it is based on financial year distributions, which are themselves volatile. Importantly, the distributions over the last twelve months of this chart is only an estimate - and hence the next few weeks will affect the precision of this analysis across its last 12 observations. Estimating 2019-20 financial year portfolio distributions Since the beginning of the journey, this time of year usually has sense of waiting for events to unfold - in particular, finding out the level of half-year distributions to June. These represent the bulk of distributions, usually averaging 60-65 per cent of total distributions received. They are an important and tangible signpost of progress on the financial independence journey. This is no simple task, as distributions have varied in size considerably. A part of this variation has been the important role of sometimes large and lumpy capital distributions - which have made up between 30 to 48 per cent of total distributions in recent years, and an average of around 15 per cent across the last two decades. I have experimented with many different approaches, most of which have relied on averaging over multi-year periods to even out the 'peaks and troughs' of how market movements may have affected distributions. The main approaches have been:
An 'adjusted income' approach - stripping out the capital gains components of Vanguard funds to reach an estimate of underlying income generation, both across the entire investment period, and during the sharpest low of the Global Financial Crisis
A long-term asset class approach - relying on long-term historical data on averages of the income produced by various asset classes
A 'tax method' approach - this derives an income estimate as a percentage of the portfolio by drawing on taxable investment income totals from tax return records
Simple historical rolling average - this is a rolling three-year measure, based on the actual distributions record of the portfolio
Average distribution rate approach - this method uses a long-term average of annual distributions received as a percentage of the total portfolio since 1999
Each of these have their particular simplifications, advantages and drawbacks. Developing new navigation tools Over the past month I have also developed more fully an alternate 'model' for estimating returns. This simply derives a median value across a set of historical 'cents per unit' distribution data for June and December payouts for the Vanguard funds and exchange traded funds. These make up over 96 per cent of income producing portfolio assets. In other words, this model essentially assumes that each Vanguard fund and ETF owned pays out the 'average' level of distributions this half-year, with the average being based on distribution records that typically go back between 5 to 10 years. Mapping the distribution estimates The chart below sets out the estimate produced by each approach for the June distributions that are to come. [Chart] Some observations on these findings can be made. The lowest estimate is the 'adjusted GFC income' observation, which essentially assumes that the income for this period is as low as experienced by the equity and bond portfolio during the Global Financial Crisis. Just due to timing differences of the period observed, this seems to be a 'worst case' lower bound estimate, which I do not currently place significant weight on. Similarly, at the highest end, the 'average distribution rate' approach simply assumes June distributions deliver a distribution equal to the median that the entire portfolio has delivered since 1999. With higher interest rates, and larger fixed income holdings across much of that time, this seems an objectively unlikely outcome. Similarly, the delivery of exactly the income suggested by long-term averages measured across decades and even centuries would be a matter of chance, rather than the basis for rational expectations. Central estimates of the line of position This leaves the estimates towards the centre of the chart - estimates of between around $28 000 to $43 000 as representing the more likely range. I attach less weight to the historical three-year average due to the high contribution of distributed capital gains over that period of growth, where at least across equities some capital losses are likely to be in greater presence. My preferred central estimate is the model estimate (green) , as it is based in historical data directly from the investment vehicles rather than my own evolving portfolio. The data it is based on in some cases goes back to the Global Financial Crisis. This estimate is also quite close to the raw average of all the alternative approaches (red). It sits a little above the 'adjusted income' measure. None of these estimates, it should be noted, contain any explicit adjustment for the earnings and dividend reductions or delays arising from COVID-19. They may, therefore represent a modest over-estimate for likely June distributions, to the extent that these effects are more negative than those experienced on average across the period of the underlying data. These are difficult to estimate, but dividend reductions could easily be in the order of 20-30 per cent, plausibly lowering distributions to the $23 000 to $27 000 range. The recently announced forecast dividend for the Vanguard Australian Shares ETF (VAS) is, for example, the lowest in four years. As seen from chart above, there is a wide band of estimates, which grow wider still should capital gains be unexpectedly distributed from the Vanguard retail funds. These have represented a source of considerable volatility. Given this, it may seem fruitless to seek to estimate these forthcoming distributions, compared to just waiting for them to arrive. Yet this exercise helps by setting out reasoning and positions, before hindsight bias urgently arrives to inform me that I knew the right answer all along. It also potentially helps clearly 'reject' some models over time, if the predictions they make prove to be systematically incorrect. Progress Progress against the objective, and the additional measures I have reached is set out below. Measure Portfolio All Assets Portfolio objective – $2 180 000 (or $87 000 pa) 81.0% 109.4% Credit card purchases – $71 000 pa 98.8% 133.5% Total expenses – $89 000 pa 79.2% 106.9% Summary The current coronavirus conditions are affecting all aspects of the journey to financial independence - changing spending habits, leading to volatility in equity markets and sequencing risks, and perhaps dramatically altering the expected pattern of portfolio distributions. Although history can provide some guidance, there is simply no definitive way to know whether any or all of these changes will be fundamental and permanent alterations, or simply data points on a post-natural disaster path to a different post-pandemic set of conditions. There is the temptation to fit past crises imperfectly into the modern picture, as this Of Dollars and Data post illustrates well. Taking a longer 100 year view, this piece 'The Allegory of the Hawk and Serpent' is a reminder that our entire set of received truths about constructing a portfolio to survive for the long-term can be a product of a sample size of one - actual past history - and subject to recency bias. This month has felt like one of quiet routines, muted events compared to the past few months, and waiting to understand more fully the shape of the new. Nonetheless, with each new investment, or week of lower expenditure than implied in my FI target, the nature of the journey is incrementally changing - beneath the surface. Small milestones are being passed - such as over 40 per cent of my equity holdings being outside of the the Vanguard retail funds. Or these these retail funds - which once formed over 95 per cent of the portfolio - now making up less than half. With a significant part of the financial independence journey being about repeated small actions producing outsized results with time, the issue of maintaining good routines while exploring beneficial changes is real. Adding to the complexity is that embarking on the financial journey itself is likely to change who one is. This idea, of the difficulty or impossibility of knowing the preferences of a future self, is explored in a fascinating way in this Econtalk podcast episode with a philosophical thought experiment about vampires. It poses the question: perhaps we can never know ourselves at the destination? And yet, who would rationally choose ruin over any change? The post, links and full charts can be seen here.
Calculating the value of Moon tokens using Metcalfe's Law
I have seen a few posts here with users wondering what the price of Moon tokens on this sub are worth, and while they're "technically" not worth anything, I thought it would be fun coming up with an estimate as to how much each token is roughly worth. To do this, I measured using a metric called "Metcalfe's Law". Metcalfe's Law states that the value of a network is n log(n) of the number of participants within the network. For the calculations and statistics I'm using here, I'm getting my information from bitinfocharts.com. I figured to start with measuring this metric through the number of active users on this subreddit. For these metrics, I think it is fair to take the statistics of the last week into consideration, so that there are no outliers in this data set. Since these tokens are technically on Ethereum, that means I will be using some Ethereum statistics in this to get as accurate results as possible. Now for determining the active number of users on the network, I took the top post for this entire week (which has 3,200 upvotes + 300 comments), and assumed an engagement rate of 2.5% (This is the average engagement rates of posts on social media). Using this, the number of active users in the sub can be calculated to be ~140,000. Using this figure, and entering it in the equation v = n log(n), we get a network value of ~720,500. With this value in mind, we have to multiply it by some metric, so for this figure, I decided to multiply it by the median transaction value for Ethereum (7 day SMA). Though there are no available current metrics for median transaction value, the last SMA value for median transaction value is $0.013. I chose the median transaction value because unlike Ethereum, Moons aren't used for wealth transfer or large transactions. Otherwise, I would take the average transaction value into consideration. Multiplying this, the total market cap of Moon tokens is $9,365.95. This gives each token a value of ~$0.000605 per token. Looking at these metrics, this means the user who currently earned the most moons this month earned ~$28.52. Just to show you how accurate this metric is, I'm going to compare it using the active addresses of some of the top coins, and the average transaction value (since other currencies ARE used for wealth transfer) and compare it to the real market cap of these coins:
Metcalfe's Law Market Cap
* I think mainly the only reason there is a discrepancy for Ethereum is partly because it's not a currency intended for wealth transfer, but is more focused on creating dApps, and developing DeFi
BTCsurveys.com - Take Surveys & Earn Bitcoin (up to $8 per hour)
We've been working on a survey site that pays users in Bitcoin (https://btcsurveys.com). You take a 2 - 15 minute survey and earn anywhere from $.02 in Bitcoin to $3 in Bitcoin per survey completion. I've been testing it with a small group and are ready to begin sharing it with others, still seeking feedback. How it Works We match you with brands who want to hear from people like you (i.e. Tesla wants to know what Europeans think of Cybertruck, and they'll pay you $1 to hear your thoughts). When you complete a survey, we get paid in USD, and we credit your account with an equal amount of BTC (no profit margin for us yet, which has kept payout rates high). How do we make money? Right now, we don't. When a survey pays us $1, we credit your account with $1 worth of Bitcoin. We'd rather acquire more users in the early days, and in a few weeks/months, we can change over to keeping 5-10% (crediting you with $.95 or $.90 in Bitcoin for every $1 paid to us by survey providers). Other quick notes
Our surveys are available to users in 53 different countries
The minimal withdrawal is .001 BTC
In America, earnings can be as high as $8 - $10 per hour of survey taking. Earnings vary by country though, but users in other countries have said their earnings are higher than what they expected
More work on registration/login (reset password, a welcome email, etc.)
Better design for mobile devices and small laptops
We hope you like https://BTCsurveys.com! We hope it helps people earn some side income or stack up some more Bitcoin in a fun way.
Have sent to the moderator as proof I own it - fuck the people tryna finnesse this sub. This method can earn you £500 worth of Bitcoin per week, with about an hours work per day. I have personally created this, only two other people know (my brother and the mod) I'm looking for £40 for this method, and request that you DO NOT under any circumstances resell it (i know it cant be enforced but dont get it patched, thats a dick move) Rule 5 is not broken as Paxful reimburses sellers when they identify it as a scam attempt (they will, eventually) It's only available to 20 people, then I won't sell it anymore. PayPal payment accepted only.
Hi! Last year I made a couple posts about sites that don't have DQs and are worth your time to use even if you have a busy life! I am a full-time student and work while in school so I don't always have time to grind out surveys for hours at a time. To qualify for this list, the sites can't DQ and have to be worth your time to use! Hope these help! Let's get into it.
Zogo is an iOS and Android app that pays you to learn about personal finance. It is backed by a variety of established banks and is actually quite interesting to learn through. The app is designed to take you in a linear path through a variety of different financial topics. These topics range from budgeting and credit, to investing and insurance. The topics start off relatively simple, and get more complex as you move through the modules. Each topic has a set of flashcards for you to read and study. After reading these flashcards, you take a short quiz with about 5 multiple choice questions about the topic. Most of these questions seemed fairly easy to me and I didn't really need to spend time reading the flash cards to get the questions correct. You have a set of 5 hearts, and for every question you get wrong you lose one. Once you lose all 5 hearts you have to wait until they regenerate to continue answering questions. You can cash out for a wide variety of gift cards such as Amazon and Target at $5. I believe you need an invite code to register so I have provided mine above.
CrowdTap is a great site for short polls and surveys that is available online and in a new mobile app on iOS and Android! The questions are about things such as consumer goods, food products, and services. The polls pay 1.5 cents each and the short answer questions pay 10 cents each (converted from their points system). Some of these polls are combined into longer surveys, and some are single one question polls. All of them are well worth it for the time that they take and there are no DQ’s of any sort. Reward options include Amazon, Target, Walmart, Steam, Xbox, and more. You can cash out starting at $5 and I am able to cash out about once a week. Make sure to give quality answers and look out for attention checks because people have been banned for not giving quality answers. Definitely add this one to your routine if you have not yet.
This is a site with short surveys and no DQ’s. There are short surveys (10ish questions) to collect demographic data that pay $0.10. As you do these, your trait score increases. Having a high trait score makes it more likely to get high paying surveys. You have to be patient, and you might go weeks without a survey, but once you get to max trait score it is definitely worth it. I have a max trait score and I get at least one survey (if not more) per day. The real surveys that aren’t just for demographics can pay upwards of $2. You can cash out at $15 via PayPal, Amazon, or Walmart. Just as some inspiration to stick with it, after hitting max traitscore I am on track to make $150 on here this year!
This site pays you to complete short tasks. These tasks mostly involve searching a certain phrase in Google and copy and pasting the results. These tasks pay $0.25-$0.30 and take about a minute. You can also go into the settings and opt into receiving review tasks. These require you leaving a review on a site that it tells you to. I haven’t gotten one of these yet but they pay much better than the normal tasks. I make about $2 a week here in 1-2 minutes a day. You can turn on text alerts for new tasks in the settings which would help increase your earnings.
Pinecone is a great survey site with surveys about consumer products and food that don’t DQ and pay $3 per 10ish minute survey. I get an average of one a week. They also sometimes send you samples of the products to review and I have gotten several of these this year! The catch is that you have to find an invite to join the panel. These can be found on offers or banner ads on GPT sites so keep an eye out for one! It is well worth your time to sign up. You can cash out for PayPal and many gift cards at a $5 minimum.
PollPass kinda reminds me of CrowdTap. You answer short polls to earn points. They aren’t always available, but seem to pop up almost once a day in batches of 10-20 questions. I seem to get 1 cent per question but that’s not too bad because it’s basically one click per question. They recently reduced the cash out minimum and you can now cash out at $3.00 (3000 points) for Amazon and PayPal!
This one is great. You take academic surveys for universities and researchers and get paid in cash. I have been getting tons of surveys on here right now about Covid-19. As long as you don’t miss attention checks you won’t ever get disqualified. Some people get multiple surveys a day and others get only a few a week based on demographics. Usually it slows down in the summer because school isn’t in session, but they’ve had a lot of surveys available this summer. Many surveys pay at least minimum wage. Pro tip, if you every have a problem with a survey or miss an attention check that you noticed, try contacting the researcher and often they can fix the problem for you. You can cash out with PayPal with no fees (for U.S. users).
YouGov is a survey site/app that pays anywhere from $0.50 to $2 per survey. You never disqualify. I get a couple surveys a week. Most of the surveys are about public policy, politics, or general opinions of companies. You get the best value for your points if you save up for the $100 cash out. They offer the $100 cash out in bank transfer and Amazon. The Amazon gift card option used to be a physical mailed card but now its an e-gift card so that makes it even better! They offer other gift cards but they are for smaller values at worse rates so I would avoid them. Available online, on android, and on iOS.
E-poll is a survey site with surveys that don’t DQ. They send you surveys via email when they are available. The surveys are often about pop culture, TV shows, and celebrities. Some of them pay better than others for the time it takes to complete them, but most are well worth your time. Make sure to complete the surveys soon after you get the email, because some fill up within a day or so. You can cash out for several gift card options including Amazon and Starbucks. You get better rates with the higher valued gift cards so I always save up for the highest ones.
Forthright is a survey site with a nice twist. You sign up and receive invitations to surveys via email. I don’t usually do their “partner surveys” because they often DQ and you can get stuck in an endless loop, which doesn’t really fit with the point of this post.. Their non-partner surveys are awesome. They pay well for the time spent but they also have one of the best disqualification bonuses I have ever seen. Every three surveys you take, regardless of whether you disqualify or not, you get a $2 bonus. That is $0.66 per survey on top of its base pay regardless of whether you qualify or not. The base pay for the surveys ranges from $1-3 depending on length, which varies from 10-30 mins. They usually take much less time than the estimated length. I get a non-partner survey about once every 1-2 weeks and made around $50 here last year with minimum time spent. They pay instantly with PayPal, Amazon, or Bitcoin with no minimum.
Perksy is an app that sends you short surveys that they call “stacks”. These surveys generally pay anywhere from $0.30 to $1.00 and I get about one a week. You can’t DQ from these and they only take a minute or two. The minimum cashout is pretty high at $25 but when you sign up you get a signup bonus that gets you pretty close to your first cashout. I am able to cash out about once a year. They offer a lot of different gift cards but the most notable ones are Amazon and Target.
This one is quite popular and most of you have probably heard of it. This app is run by Google that will send you short surveys. If you have the app on iOS you can cash out to PayPal at $2, but on Android you can only cash out to Google Play balance. People who travel a lot or use a lot of Google services may get more surveys than others. I make $10ish dollars a year on here but I’ve seen others make more.
This is one of my favorites. The app will send you “Pulses” that you can answer for cash. The surveys start out paying around $0.25 each but as you level up your account they pay more. Mine currently pay $0.34. They have non-paid pulses that can level up your account but those aren’t really worth doing. The minimum cash out is $5 via PayPal. I have made about $10 here just in the last week due to pulses about Covid-19.
This is an app that is owned by SurveyMonkey, the popular survey development company. It offers short surveys that pay anywhere from $0.25 to $0.50 depending on length. The surveys take no longer than 3-5 minutes. They technically can DQ, but this happens very rarely and only at the very beginning of a survey. The nice thing about the surveys is that they use SurveyMonkey's survey software so they are consistent and easy to complete. While they do send notifications, earnings on here depend on how often you check the app because they don't always notify you. I try to check the app at least once or twice a day. You can cash out at $5 for Amazon with instant payments.
SurveyMini is a little different. The app sends you surveys when you visit different stores to review your experience there. They ask you about your satisfaction with the store, what areas you bought from, etc. The surveys usually pay $0.10 and take about a minute, but some can randomly pay up to $0.75. The more you visit stores, the more surveys you will get. You can cash out at $10 but you get slightly better rates the more you save up. They offer e-gift cards such as iTunes, Xbox, and Visa, but sadly no Amazon. I am on pace to cash out for $25 twice this year.
Eureka is an app that is similar to Perksy and OnePulse. The app sends you notifications when a new survey is available. The surveys are short and usually only 2-3 questions, and pay $0.15. The cool thing about Eureka is that they reward thoughtful answers. The person who submits the best answer gets a bonus that varies anywhere from $5-$45! Once you hit $10, you can cash out for Amazon or Paypal. They also have survey router surveys but I don't really do those. Unfortunately it appears to be iOS only at the moment.
Thanks for reading! Hope these beermoney sites/apps help you make better use of your beermoney earning time! Let me know if there are any sites that I didn't include that would fall into those category. Give my profile a follow for more beermoney related posts in the future! If you want to read more of my posts, here's one of my favorites to get you started!
Some of you might be coming to this sub, and wondering why so many people support Bitcoin Cash. This is directly answered in the pinned FAQ, and also briefly goes over the history of the sub. Now onto why Bitcoin Cash has huge potential when it comes to changing the world: Bitcoin Cash was created with the purpose of bringing economic freedom to everyone all across the globe. With the current banking, financial, and payment systems, there are many issues when it comes to the usability of money. These issues are: - Sending money across the globe without having to pay high fees (percentage fees), and waiting days or even weeks for your transfer to go through - Having payment options like Visa and Mastercard that help deal with high-volume business, but having to pay a flat fee ($0.15), and a fee of 2%-3% per purchase - Having full control over your money, so the government can't devalue your savings by printing more money for their personal interests - Being able to use your money however you like, without having to get permission from an intermediary, middleman, or financial institution - Being able to know how much money will be circulating at any given time in the future - Paying high fees (4%+) for converting currency when travelling Let's take a look at how Bitcoin Cash solves these problems: Remittance When it comes to sending money across the globe from one bank account to another, often times the fees will be very high because when your bank is sending money, it has to go through several intermediary banks that each take from the initial amount of money, making the process slow, and expensive. Currently, Western Union is advertising "free" transfers of currency across the globe. Seems like a good deal, right? Well here's the thing: they're tricking you into thinking that transfers are free when they're actually making money off of the exchange rate. We believe that money (digital cash) should be as frictionless as possible, and that a user shouldn't have to deal with transfer fees, and have to get permission to transfer their money from one bank to another. Currently, the fees on Bitcoin Cash are only $0.0007, and we plan on keeping them that low. Payment Systems When it comes to traditional payment systems, like Visa, Mastercard, and American Express, credit card companies often charge a 2%-3% fee on every transaction that takes place, and a transaction can take anywhere from 24-36 hours to confirm, and go into a merchant's bank account. These payment systems are both slow and expensive. With Bitcoin Cash, your funds are available instantly for you to spend, but if you want to take extra security measures, you can always wait ~10 minutes for a confirmation to go through. Control Over Your Own Money With the banking system as we currently know it, one of the biggest problems is the lack of control your have over your own money. Every year, people are forced to pay taxes to politicians only to have their money basically wasted on providing effectively nothing to them. Bitcoin Cash solves this problem by giving you full control over your money. Making a wallet does not require anyone to give ID, personal information, or anything that could potentially lead to the government having any say in what you can do with your hard-earned money. Another issue with traditional currencies is the inflationary nature of them. This is another form of taxation that doesn't appear to be as bad as taxing, but it's just a different way of taking money from the hands of citizens. When the government prints more money, your savings get devalued, meaning that the government has effectively stolen money without physically "stealing" it. With Bitcoin Cash, the inflation relies on a purely mathematical system in which the maximum number of Bitcoins will always be 21 million. With mathematical certainty, you can always be sure of the exact supply of Bitcoins based on the block number. I made a graph that helps illustrate this with >99.99997% accuracy on how many Bitcoin Cash will be in circulation based on the block height. This works for Bitcoin, and Bitcoin SV too. You can check the accuracy by putting the block height/number in the brackets of the second expression. Currency Conversion Have you ever travelled to another country where you had to convert to the local currency in order to be able to use it? If so, you would've realized that conversion rates can often be very high, and it is impractical to do unless you're converting a large sum of money. Our idea is to increase merchant adoption so that Bitcoin Cash can have its own economy, so it doesn't matter where in the world you are, you can always use Bitcoin Cash, and not have to worry about conversion fees. If you want to "convert" to another currency, you can always use SLP tokens that will eventually come in a variety of local fiat currencies in the near future. Tether USDT is already planning to make SLP tokens too. This is also a great alternative if you aren't sure whether you want to put your money into crypto, and want to stick with fiat instead. Think of SLP tokens as "paper" tokens on top of Bitcoin Cash that can be sent and received for fractions of a penny! How to use Bitcoin Cash for Buying Goods and Services Right now, there are many ways you can use Bitcoin Cash, including local usage, and online usage. If you want to see which merchants near you accept Bitcoin Cash, you can check using map.bitcoin.com and see which local merchants are accepting Bitcoin Cash. If you want to buy things online, you can use purse.io, and get 30% off on any Amazon purchase, so you contribute to the economy of growing Bitcoin Cash, and get a great deal for any item you want to buy! TL;DR: Bitcoin Cash is sound money which you have full control over your own money, and allows you to send any amount of money, anywhere in the world, instantly, and practically for free. If you have any additional questions, feel free to comment. Resources: Bitcoin Inflation Graph: https://www.desmos.com/calculatolaijpbrh4s Buy things on Amazon using Bitcoin Cash: https://purse.io/shop purse.io chrome extension: https://chrome.google.com/webstore/detail/purse-shop-with-bitcoin-b/amdginnpaflghjbbdkfenpekaeifnpee See which local merchants accept Bitcoin Cash: https://map.bitcoin.com/ Wallets with Bitcoin Cash: Electron Cash, Bitcoin.com Wallet, Exodus, Badger Wallet Bitcoin Cash website: https://bitcoincash.org
Coinbase: Free $10 worth of Bitcoin for trading $100. They will also give you $12 of the "Orchid" cryptocurrency (which can be re-sold for cash) if you watch 3 1-2 minute videos and answer 3 easy questions about that cryptocurrency. (might get waitlisted, I had to wait a month before getting off the wait-list)
Root: Free $25 for downloading the app, and allowing it to track your driving for 3-4 weeks. (Need to keep your phone on while driving so it can give you a quote. You can simply reject the offer and take the $25 bonus anyway).
Webull is a commission free stock trading platform/app which is giving out 2 free stocks (1 worth $2.50-$250, and another worth $12-$1400) for opening an account via a referral link and making a $100 deposit. Acorns is available on iOS and Android, or you can use their website. referral link- https://act.webull.com/kol-us/share.html?hl=en&inviteCode=PUnH4ruayL3j
Public is another commission free stock trading app which gives you a free stock (valued up to $50) when you create an account via a referral link. No initial deposit is required. Public is available on iOS or Android only. referral link- http://share.public.com/rayruiu
FirstTrade is a commission-free stock trading app which gives you a free stock (valued up to $200) when you open an account via a referral link. No initial deposit is required. FirstTrade is available on iOS or Android only. referral link- https://share.firstrade.com/MilaAQOK
Dough is a commission free stock trading app which gives you a free stock (valued $2- $200) when you open an account via a referral link. No initial deposit is required, though you need to deposit $25 in order to make your first withdrawal (you can also withdraw your initial $25 too, so this is a fairly easy requirement to fulfill). Dough is available for iOS or Android only. referral link- https://dough.com/referrals?referral=XPSSX6DFNF&referredby=Mila
TradeUP is a commission free stock trading app which gives you a free stock (valued $2.50-250) for opening an account via a referral link. No initial deposit is required. Additionally, they will give you a second stock (valued $8-$1000) for making a $100 deposit. TradeUp is available for iOS or Android only. referral link- https://tradeup.marsco.com/activity/market/us-open-price/#/share?invite=6NDX1U
Robinhood is a stock trading platform/app which gives you a free stock (valued $2.50 - $200) when you open an account via a referral link. No initial deposit is required. Robinhood is available on iOS and Android, or you can use their website. referral link- https://invite.robinhood.com/amadeor3/
Acorns is an online investing app (iOS or Android) which is offering a free $5 bonus for simply opening an account via a referral link, depositing $5, and keeping the money in the account until August 15th, 2020. You can then withdraw the money and close the account, fee free! If you keep the account longer, they may charge you a $3 fee so be sure to close it after the 15th on the following month from when you signed up. Acorns is available on iOS and Android, or you can use their website. referral link- https://www.acorns.com/invite/TLBCPD/
Moomoo is a commission free stock trading app which gives you a free stock (valued $10-$1000) for opening an account via a referral link and making a $500 deposit. Moomoo is available on iOS or Android only. referral link- https://j.moomoo.com/000LR3
M1 Finance is an investing account, like Robinhood or Webull. It includes zero commission trading, and has a popular subreddit community behind it! If you open an account using a referral link, deposit $100 to a brokerage account, and keep that initial deposit in your account for 30 days, you will get a free $10 bonus that posts to the account within 14 days. M1 Finance is available on iOS or Android only. referral link- https://m1.finance/J6aLCt6SRGdW
Round is an online auto-investing app (iOS only) which is offering a free $20 bonus for simply opening an account via a referral link and depositing $500. Alternatively, you can get $100 if you deposit $10,000. Round is available on iOS only. referral link- https://app.investround.com/inviteCode/amadeo-r360s0
SoFi gives $50 for anyone who signs up for a SoFi Invest account via a referral link and deposits $1000. This offer stacks with the SoFi Money $25 offer (see details below), so you can do both! Plus, you can get another $25 cash bonus when you buy $10 or more of crypto like Bitcoin, Litecoin or Ethereum. That's a total of $75 cash bonuses with SoFi Invest! SoFi Invest is available on iOS or Android only referral link- https://www.sofi.com/share/invest/2498539
E*Trade is one of the biggest stock trading platforms out there, and they are offering new users a cash bonus for opening an account using a referral code and depositing funds. Your cash bonus varies based on how much you deposit, on a tiered basis-
Personal Capital is a finance tracking website similar to Mint but tailored for investment accounts. If you open an account and link a qualified investment account for tracking (e.g. taxable brokerage, 401k, IRA, 529, etc) with more than $1000 in it, they will give you a free $20 amazon gift card within a couple weeks. No deposit required! Accounts that do not qualify as valid investment accounts include bank, credit or debit card, Paypal, Stash, Acorns, Kapitall, Groundfloor, WageWorks HSA, Coinbase, digital currency exchanges, and manual investment accounts. Robinhood works! Referral link- https://share.personalcapital.com/x/oGFEyl
Chime is a bank/app which pays you a $50 bonus for opening an account via a referral code making a $200 direct deposit. There are no catches, and you can close the account at any time fee free as soon as you register their debit card (gotta wait a few days to get it in the mail). A "direct deposit" technically means that they want you to deposit the money right from payroll, Social Security, or other direct payment, but you can actually meet this requirement simply by transferring in $200 from CASH APP! So you could deposit 200 into cash app, then withdraw that 200 into chime and get the $50 bonus! If you don't have cash app, you can also transfer in $200 from the following banks to fulfill the same requirements- Ally, Charles Schwab, Chase, Circle Pay App, Discover, Hancock Whitney, Huntington, PNC, Serve, TD Bank, USAA, US Bank, Wells Fargo. referral link- https://chime.com/milazadrozny
Aspiration is an online bank which is offering a free $50 bonus for simply opening an account via a referral link and spending $250 So all you have to do is open a “Spend & Save” account using a referral link, spend $250 using their debit card within 3 months, and then you will get $50 posted to your account! There are no fees to worry about! You can close the account fee free whenever you want! referral link- https://my.aspiration.com/app/token/referral/232Y47KAE4OG8Y8W/
Stash is a finance app that gives out $20 for anyone who signs up for the Stash (bank) or Stash Invest account via my referral link and deposits at least $5 from any source (payroll, another bank account, PayPal, etc.) So all you have to do is open an account with a referral link, deposit $5, and then the bonus will post to your account! The app will ask you to open a paid account, but you can simply open a "beginner" account for $1 a month, and then close your account after 1 month after you get your $20 bonus. referral link- https://get.stashinvest.com/amadeowpr10
SoFi is a bank/app that give out $25 for anyone who signs up for a SoFi Money (bank) account using a referral code and deposits $500 from any source. So all you have to do is open an account with a referral link, deposit $500, and then instantly collect the bonus and then take it all back. And you can close the account at any time with no fees or consequences- I would be grateful if you used my referral link- https://www.sofi.com/invite/money?gcp=e65d8ea1-fd35-40bc-b801-547c3fc6e749
Qapital is a banking app (iOS/Android) which pays you a $25 bonus for making a $20 deposit from any source. You need to set up a savings goal and a rule to automatically transfer funds to your Qapital savings account (One easy option would be to set up a $5 weekly transfer, so you can quickly qualify for the bonus). They have a monthly membership payment fee(Qapital Basic is $3/month; Qapital Complete is $6/month; and Qapital Master is $12/month.) which is waived for the first month. I would recommend you go for the Qapital Basic plan, as it has the lowest fee at $3 per month. If you keep your account open for 45 days, maintain a $20 account balance, and make 1 membership payment (the $3 monthly fee), they will credit you with a $20 account bonus. You can then immediately close the account and take your deposit + the bonus out with no additional charges. Even after the fee, that's $17 in free money. referral link- https://get.qapital.com/SGjU8VhoM4
SkyOne is a credit union which will pay you a $50 bonus for opening a checking account with a referral link, making a $5 opening deposit, and keeping your account open for at least 30 days. This credit union services the SoCal area, but anyone nationwide can sign up if you follow the steps detailed below. People are normally required to make a donation to a local charity to qualify for a local credit union bank account when they don't live in the area, but SkyOne will actually pay for a donation to the "Surfrider Foundation" themselves because they want everyone on the US to be eligible! In other words, you don't have to spend a dime! Simply click ("None of the above? We've got you! SkyOne will make a one-time donation to one of the following non-profits") on the eligibility page when signing up. https://refer.skyone.org/amadeoruiu3
Juno is a banking app is that is giving out a free $25 for anyone who signs up for for a checking account using a referral link and makes a $1000 deposit once the product officially launches. So all you have to do is open an account with a referral link, wait for the product to officially launch, make a $1000 deposit, and then get your $25 bonus! You can then instantly collect the bonus and then take it all back. And you can cancel the account at any time with no fees or consequences- https://bankonjuno.com/referral/AMADjJsl
Premier Members Credit Union
Premier Members Credit Union is another credit union which will pay you a $50 bonus for opening a money market account with a referral link, and making a $5 opening deposit. They will also require you to open a savings account alongside the money market account, which also requires a $5 opening deposit. They are located in Boulder Colorado, but will allow anyone to create an account with them as long as you make a $5 donation to one of their local charities (they walk you through it during account signup). That's a total profit of $45! And you can close the account at any time, fee free! They will prompt you to indicate if you were referred by someone early in the application, enter my referral code at that step- VFVJEVQQQ. referral link (please remember to use my referral code during the account setup too)- https://www.pmcu.org/referred-by-a-friend/VFVJEVQQQ/
N26 is a banking app (iOS/Android) which will pay you $10 for opening an account and spending $10 or more on a single purchase using their debit card. The account has absolutely no fees and can be closed at any time. Account signup only takes a few minutes. You need to fund your N26 account from another bank with enough money to make the $10+ purchase. The debit card is shipped to you immediately after account signup. You receive the $10 bonus in the form of a statement credit. N26 is available on iOS or Android only. referral link- https://n26.com/amadeor4364
Donut is a cryptocurrency investing app (iOS only) which will give you $10 for signing up using a referral link and depositing $10. The deposit is automatically invested in bitcoin. You can sell the bitcoin immediately to avoid any risk. They pay out almost instantly (it took me 5 minutes to get my bonus), and you can withdraw instantly. So all you have to do is download the app using a referral link, enter my referral ID (@annprod) when prompted, deposit $10, and you should get your $10 bonus within minutes. You can then sell your bitcoin, withdraw your money + the bonus, and close the account fee free if you wish. https://donut.app.link/annprod/i/CVx0dbRMR
Gemini is a cryptocurrency trading app/websitewhich will give you $10 worth of bitcoin for signing up using a referral link and buying/selling $100 worth of cryptocurrency. Unlike the other offers listed here, this one can be used anywhere in the US (except NY), as well as Puerto Rico, Australia, Canada, Hong Kong, Singapore, South Korea, and the United Kingdom. This bonus posts VERY quickly, within a day or two. https://gemini.com/share/rllzke26
Coinbase is a cryptocurrency trading platform which will pay you $10 in free bitcoin for trading $100 on the platform! I would be grateful if you used my referral link- https://www.coinbase.com/join/ruiu_8 They will also give you $12 worth of the "Orchid" cryptocurrency (which can be immediately re-sold for cash) if you watch 3 short videos and answer 3 easy questions. https://coinbase.com/earn/oxt/invite/t0wvs4k2
Chase will pay you $200 for signing up for a Chase Freedom Unlimited credit card with a referral link and spending $500 it within the first 3 months. This is one of the best credit card bonuses in the industry! So all you have to do is sign up for a Chase Freedom Unlimited credit card using my referral link, spend $500 within the first 3 months, and then get your $200! You can cancel the card at any time with no fees or penalties. https://www.referyourchasecard.com/18/ONLMEFPEFJ
Discover will pay you $50 for signing up for a Discover IT credit card with a referral link and making ANY purchase using it within the first 3 months. This is one of the easiest credit card bonuses in the industry! So all you have to do is sign up for a Discover IT credit card using my referral link, make ANY purchase using it within the first 3 months, and then get your $50! You can cancel the card at any time fee free. https://refer.discover.com/s/hhti4m
Root is an auto insurance app(iOS/Android) that will pay you $25 to download their app, let it track your driving for 3-4 weeks, and then offer you an auto insurance policy based on your driving data. You can easily ignore their policy offer, take the bonus, and walk away with the $25 bonus which then then go to your PayPal account, sent as a check, etc. https://rootbonus.com/AmadeoRuiu
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