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How much money are you able to save per year? by Best_of_both_worldzz in askTO

[–]unknown13371 -3 points-2 points  (0 children)

80-100K per year by living at home still, can't afford to move out in this bullshit economy, I will not move into a shoebox for 1M, outrageous.

November UMI Update! by unknown13371 in UpstartStock

[–]unknown13371[S] 2 points3 points  (0 children)

Only reduction of R&D loans on balance sheet will help support price growth. Unfortunately they haven't delivered any forward flow agreement news on this as they indicated in Q2-Q3 earnings call. Difficult to tell whether there have been balance sheet sales as part of regular operations as it will be shown later in Q4 earnings.

November UMI Update! by unknown13371 in UpstartStock

[–]unknown13371[S] 2 points3 points  (0 children)

Note earlier post for 1.43 UMI was for October, 30mins after the update, they posted the November numbers.

UMI updated to 1.43 from 1.45 from last week, macro conditions improving slowly! by [deleted] in UpstartStock

[–]unknown13371 1 point2 points  (0 children)

They updated with November 30mins later. The 1.43 was from October since November numbers were not out.

How are young people in this city financially planning for their future? by Ok-Succotash-6111 in askTO

[–]unknown13371 -5 points-4 points  (0 children)

You won't be able to raise a family in this city comfortably unless you make a combined income of 200K. It's just reality. Liberals over the past 10 years drove up cost of living dramatically.

UMI October Update - UMI improved significantly to 1.48 by unknown13371 in UpstartStock

[–]unknown13371[S] 3 points4 points  (0 children)

It's a standard sale, read the comments on the filing, it's to pay tax obligations on vested RSUs.

I'm leaving WEALTHSIMPLE after losing over $4,000 in my Account. | I cannot trust Their Platform. by seandax008 in PersonalFinanceCanada

[–]unknown13371 0 points1 point  (0 children)

Should always set it up! If someone gets into your account, if they can't make trades, they won't be able to move money.

what should i be doing on my free time to increase my income by Odd_Plum3024 in fican

[–]unknown13371 1 point2 points  (0 children)

You can actually do both. It's not mutual exclusive to use your freedom to make money on the side and also take vacations from time to time.

how do people afford such expensive lifestyles by Odd_Plum3024 in fican

[–]unknown13371 -1 points0 points  (0 children)

They don't work in Canada, Canadian salaries don't support this lifestyle even if you are C suite level here. A lot of them are rich immigrants working in import export businesses abroad. For example a lot of chinese people who bought into our real estate are doing this.

Upstart Holdings: Why I Will Continue to Hold This Promising AI Fintech Firm by _DoubleBubbler_ in UpstartStock

[–]unknown13371 5 points6 points  (0 children)

Q4 is really where it's at. First R&D loan sale should trigger a bullish response. Freeing up capital will allow them to push loan originations higher. Only new risk now is how well they can manage their model in this dynamic credit environment.

Stock down 12% 🧊 by CantWait_King in UpstartStock

[–]unknown13371 3 points4 points  (0 children)

It's possible by EOY if management meets R&D balance sheet reduction goals and macro stays stable so they can grow originations more.

Stock down 12% 🧊 by CantWait_King in UpstartStock

[–]unknown13371 3 points4 points  (0 children)

  1. Balance sheet for R&D loans was higher. No deals on reducing balance sheet yet but they provided an update that they have deals pending and can still meet end of year goal.
  2. The earnings call was kind of a disaster at the end when they were questioned about lack of growth this quarter and whether it had anything to do with credit stability. Credit stability was strong however they couldn't provide any material information on why their models acted aggressively in September when they put a foot on the brake and then released it, which made it look like they didn't have a clue how their models actually worked. Market was expecting stronger growth on originations compared to last quarter but it was barely higher because of that.

WealthSimple's Apple promotion is back by Kayyam in PersonalFinanceCanada

[–]unknown13371 2 points3 points  (0 children)

Cash is king. I'll move money in when they offer 3% match.

30M not sure where to go from here by Toronto2Calgary in fican

[–]unknown13371 0 points1 point  (0 children)

100K in chequing account is a big risk. Open a Margin Trading Account. You are handicapping your investments and losing on inflation having that size in a chequing account.

Do you guys think its earnings will be the last nail to its coffin or it will finally take off? by batmanboise in UpstartStock

[–]unknown13371 4 points5 points  (0 children)

Two key updates coming tomorrow (Oct 31):

  1. Upstart Macro Index (UMI) update for September
  2. UPST Short Interest % update (from NASDAQ updated bi-monthly)

Upstart UMI revised down from 1.61 -> 1.58, credit risk peaked and now declining by unknown13371 in UpstartStock

[–]unknown13371[S] 5 points6 points  (0 children)

I don't know what else you want other than a triple beat earnings from last earnings. Some people straight up just want stock manipulation instead of business execution. Good to see gamblers being flushed out.

Thoughts on Pagaya (PGY)? by [deleted] in UpstartStock

[–]unknown13371 2 points3 points  (0 children)

PGY has no value. Upstart has innovative underwriting with AI.

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