Early Retirement Extreme Forums

Took a margin loan @ 1.5% to invest into a decentralized finance group called Curve. https://www.curve.fi/combinedstats Pretty much their paying 5-9% APY if you deposit stable coins (cryptocurrency tied to USD). The main biz model being as a market maker for exchange between stable coins and as lend...

Just wanted to wish everyone a happy new year.
May 2021 be your year.
Cheers!

I went through the university system for mine and also teach at a coding bootcamp. Many of my students at the bootcamp compete for the same jobs as university students and only need to pay 6k USD and 9months of time vs. easily 40k USD and 4 years for a university degree. Not all bootcamps are the sa...

https://en.wikipedia.org/wiki/Pluribus_(poker_bot)
No limit hold'em is beaten by AI. Granted it took 250GB RAM and several graphics cards so low stakes isn't worth it but still a big day for AI research

This is pretty cool, but all the major central banks (USA, Japan, China, EU) have roughly the same sized balance sheet currency adjusted https://www.yardeni.com/pub/peacockfedecbassets.pdf I'm guessing this isn't an accident and if one central bank starts expanding much faster than comparable banks ...

Isn't there a federal ban in the USA on genetically modifying embryos? Not arguing either way but even China has made the practice illegal, and it was a pretty noble goal of making children immune to HIV https://www.sciencemag.org/news/2019/12/chinese-scientist-who-produced-genetically-altered-babie...

I've found that buying new is worth it. Just get a subcompact car in the 15k-20k range and finance it at 0% for 5 years. Over a 5 year period gas and insurance will cost more than deprecation. https://www.edmunds.com/honda/fit/2019/cost-to-own/#style=401755546 Also use this site and offer the price ...

This is a basic question but I wanted to confirm and potentially get some reading material on how exactly central banks expand their balance sheet? Question 1: Right now as central banks expand their balance sheet member banks don't need to contribute cash to fund it and governments don't fund it vi...

Here is an excellent twitter thread by Peter Kolchinsky on the potential to develop a Covid-19 vaccine.
https://twitter.com/PeterKolchinsky/sta ... 7958545410

This is awesome news that the genome of COVID-19 is pretty simple right now! Also TIL that we have no idea what causes 30% of cold cases!

I'm not a viral geneticist, but I find it pretty interesting that COVID-19 is not even genetically close to the flu but much closer to SARS & the common cold (lower kill rate but much higher transmission If you look COVID-19 and the flu are not even in the same order! https://en.wikipedia.org/wi...

Is no one going to talk about how the chosen one (Joe Biden) totally flopped? While one data point isn't a trend, this is huge since all polls predicted he would win Iowa!

Jan 2020 Age: 24 Networth: 235k USD (100k in traditional IRA, 120k in taxable brokerage, 10k car, 5k fundrise) Portfolio makeup: 90% US equities, 10% short term debt @ 2.8% (ticker: GSY) Updates *I've been job hopping like a mad man, been out of college 3 years and have worked for 5 different employ...

There are dozens of kinds of annuities and if you ever buy them face to face you're getting ripped off. They have the best commissions and sales reps love to target the under informed to push annuities thus why they get so much marketing. Buy direct from Fidelity or TIAA if you go down this route, o...

Single family homes will almost always lose money as a rental. The whole buy a McMansion and live off the equity is the classic american pipe-dream (it works some places but not everywhere). The real money maker is running a rental business thanks to the generous depreciation schedule (27.5 years US...

How common is cheating with online poker, aka everyone is on skype and sharing hands except for the mark. I feel like there is no way to stop this, is that true?

Also compared to other countries, you'll see pretty much all US gun buy back programs were half-assed compared to other countries
https://en.wikipedia.org/wiki/Gun_buyba ... ted_States

DC vs. Heller. The Supremes ruled that is not a necessary condition to gun ownership. Key thing being that most states have a militia that is loyal to the governor not the president, however since the civil war most governors have given full control of their militas to the federal government and in...

Couldn't Uranium fill the void of petroleum energy needs for atleast 40 years at current consumption levels?
https://www.uselessgroup.org/sankey-dia ... nergy-flow

Ignoring the fact that zero hedge is a permabear, pulling directly from the article the notational value of contracts is €43 trillion but the actual market value is only €20 billion. Granted the 2000x leverage is impressive, it's mostly all interest rate swaps. Trust me the real issue of the eurozon...

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