@Tanner - SC PredictIt uses a credit card for funding; what is typically used for withdrawals?

@Ben - OH I think withdrawal is an ACH transfer to bank account. I’d have to check my records to be sure.

@Ben - OH @Tanner - SC in 2016 it was a check mailed to house

I learned that Florida is trying to restore the rights of felons to vote just now when I was perusing this site

It was never even in the news. A year ago, a guy approached me with a petition about it, but I didn't think twice

Today begins the first day of studying for the CFA 1. Wish me luck, this test ruins lives.

make flash cards to memorize the formulas and do plenty of practice problems before exam day and youll be fine

level 1 is not hard

level 2 is hard

and level 3 is easier than level 2 from what ive heard

@ophiuchus good luck man, I look forward to hearing how it goes.

@ThisIsChris thank you! I’m probably aiming to take it in June, and then 2 and 3 the following 2 years. That way when I finish, I’ll only have to wait about six months before I can accept the charter (4 years finance work required, etc.)

We out here

We’re luckily using this as a textbook this semester

I completely skipped the stats portion of level 1 and still passed

Lmao

I’ve heard the ethics portion is significantly more substantial that you’d think

Yeah I did well on that part because I’m Christian

@Tanner - SC I did a report with a buddy of mine on where the next credit bubbles in the economy are likely to occur. While everyone's mind usually turns to student loans, that sector is complicated with lots of mitigating factors. The sector that is ready to pop unconditionally is the autoloan sector. Subprime loans for automobiles account for about 33% of all autoloans at the moment. One third of those are already defaulted on as of last January.

Yikes.

Bought a bunch of silver.

@Freiheit - CA nice, from where? JM Billion offers 10ozs to new customers at spot and they cover shipping.

LCS

I only pay cash at local coin shop

No one wants canadian 80% so I buy that AT SPOT often

I also get 10oz bars or 1oz rds usually marked up 3-5% but I have no paper trail, a steady relationship with my dealer, and sometimes I get the inside info on some good stuff before it's ready for sale.

Online can be way better, but I like the relationship and anonymity.

Nice! Hm maybe I should get in touch with a coin shop

@ThisIsChris if that report is available to be shared publicly I’d love to read it

@ophiuchus on mobile right now, I'll look for it when I get home. I do have this relevant screenshot of the work though

The Quarterly report on household debt and credit was one of the main sources

You can get silver almost at spot from a good dealer or online deals

It's still down in the 15$ range I believe

I sold some gold and silver last year. It cost me $150 to mail it to the buyer. That’s when I realized metals will never be currency again.

most places have free shipping lol

Free shipping when you buy from a broker, not when you sell. And no there's no "free" shipping when transacting between individuals.

In a future where metals are currency, am I going to spend $20 to mail silver to Amazon.com to purchase $100 worth of goods?

So you are saying precious metals are obsolete as an investment because of weight?

That's an interesting point that I had never considered, that in a global market, physical currency is logistically clumsy

You're assuming a constant price, or elastic supply.