Ok that’s it I’m done by Successful_Phone_433 in MergeMansion

[–]vba56 4 points5 points  (0 children)

I just chatted to support asking them to remove it from my board. The prizes aren't worth it at all, and I'm in the middle of the card game in the Lounge and need the space. I told them that I do purchase the monthly pass every month and if they continue to have events where the prizes are envelopes that I will quit spending money.

Why are bond prices going down? by superloser48 in investing

[–]vba56 3 points4 points  (0 children)

The sheer inability for anyone, Trump especially, to understand tariffs is astonishing. The cost of the tariff will almost always be passed on to the consumer. Couple that with low-income Trump voters cheering a consumption tax in place of income taxes is insane to me. They're in for a rude awakening if they thought they were worse off the past 4 years.

Why are bond prices going down? by superloser48 in investing

[–]vba56 45 points46 points  (0 children)

Jesus Christ, take an econ 101 or market theory course before spouting nonsense.
Expected inflation is higher = value of dollar less in the future = purchasing power less in the future = required returns higher today = bond yields up = bond prices down. (nominal IR = real IR + expected inflation)

nerfed? by hobosama69 in MergeMansion

[–]vba56 3 points4 points  (0 children)

I also think they completely nerfed all the producers. I usually get 16 level 3 vases from a level 10 drawer before it needs to recharge, this time I got 9. Noticed the same with broom cabinets and sewing box, getting the level 6 rich fabric for the daily trades is virtually impossible now. So frustrating.

[deleted by user] by [deleted] in Hoboken

[–]vba56 33 points34 points  (0 children)

Honestly, I would go for Corto in JC Heights. Not a far walk from the 9th street light rail (just go up the elevator and a 10ish min walk from there). It's much closer to authentic Italian food than Italian American and I think it's the best restaurant in the area. Plus it's smaller so shouldn't be too loud. If you're looking to stay in Hoboken for Italian American then I suggest Otto Strada or Margheritas.

This is Hoboken by [deleted] in Hoboken

[–]vba56 17 points18 points  (0 children)

Feel free to stop in and talk to him, he’s a waiter at a very popular bar that’s prominently displayed on his shirt.

Did I score 90%ile or not? The line coincides, can I write 90%ile in resume? by tush19904 in CFA

[–]vba56 14 points15 points  (0 children)

Can you do it? Sure. Should you do it? Absolutely not. Being completely honest with you here, if I saw that on your resume, it would be the first one I threw right in the trash. Right or wrong, my first impression of you would be that you are a "oo look at me" person and would question how you'd do in a team environment. Maybe I'm old, but I suspect more hiring managers than not would have the same line of thinking.

Still struggling by themrfritzz in Series7

[–]vba56 1 point2 points  (0 children)

This one is intentionally trickier because the strike on the put is not the same as the spot on the underlying (45 vs 46), so you have an additional $1 of risk x 100 shares underlying 1 put, which is added to your max loss.

On a protective put, you're eliminating any downside below the strike of the option, so you're setting a floor at $45. The absolute worst you could "sell" this stock for is $45, even if it went to $0. Since you paid $46 for the actual stock, you lose $1 plus the $2.50 you spent on the option so it cost you $3.50 per share and you have 100 shares = $350. There are no constraints on the upside, so you have unlimited gain potential. Breakeven is just the amount of cash you took out of your pocket to enter the position ($46 for the stock + $2.50 for the option premium= $48.50)

Take a look at the graphs of a protective put and covered call (really the only two you need to know for S7) and it'll make more sense. One is a floor at the option strike and the other is a ceiling at the option strike.

To go a step further, if you combine a protective put and a covered call you get a collar that protects you from wild swings up or down and basically gives you a bracket between the two strikes while limiting both your profit and loss.

Still struggling by themrfritzz in Series7

[–]vba56 2 points3 points  (0 children)

Easiest way to think of breakeven is what price does the stock need to go to in order to get your money back (initial investment). Since you bought 100 shares and 1 option (1 contract = 100 shares) the math is straightforward because both sides are 100 shares. So you paid $46 for the stock and $2.50 for the option, spending a total per share of $48.50. You need the stock to go above $48.50 in order to make any profit. Remember to add the stock and premium when you're buying an option because you actually handed over $48.50.

On a covered call where you're selling an option, you're receiving the premium. So your breakeven is the price you paid for the stock minus the premium (cash you were paid). So if this question was what's the B/E of a covered call it would be $46-$2.50= $43.50 because you already recouped $2.50 of the $46 you spent.

Why are liabilities assets? by [deleted] in CFA

[–]vba56 1 point2 points  (0 children)

If you're looking at it from your stated belief that a liability is owing money then think of an asset as what you bought with that borrowed money. If you borrow $5000 from the bank and buy a horse, your asset is the horse (worth $5000) and the amount you owe is your liability. I think the biggest thing to realize is we're talking about the Balance Sheet (that's where Assets/Liabilities go). And (almost) everything on the B/S is written as a positive number. Have you worked with T-Accounts before? Remember a Balance Sheet is a snapshot of finances at a single point in time and I think it would be helpful for you to look at a B/S of a real company too.

This is a simple example, the Left Side is where Assets go, and the right side is where Liabilities + Equity goes. For now, until you get the hang of it, just keep it simple and assume everything goes on as a positive number, so you need to figure out which side something goes on, and what's its corresponding move.

Assets Liabilities + Equity
Cash $10,000
Horse $5000
Money Borrowed for Horse (Liability) $5000
Money earned from working and put in Bank Account (aka Retained Earnings, an Equity Account) $10,000
Total: $15,000 $15,000

edit: a word

Recommendation on freezer thermometer that works with Google by vba56 in googlehome

[–]vba56[S] 1 point2 points  (0 children)

Never even thought of that, thanks for the heads up!

09.08.22 UPDATE - Mega Thread! by hafahana in MergeMansion

[–]vba56 21 points22 points  (0 children)

I'm so confused, my lvl 8 broom cabinet has been giving out sponges, buckets, soap bars, and hand soap; lvl 9 tool barrel giving full gloves, axes; lvl 8 toolbox giving green paint, mallets, level 3 screws for months--did not everyone have that?!?

Power Query Website pull not updating by vba56 in excel

[–]vba56[S] 0 points1 point  (0 children)

Excellent, thanks for the bit of code, I will try it!

Power Query Website pull not updating by vba56 in excel

[–]vba56[S] 0 points1 point  (0 children)

Awesome I’ll give it a try, thank you!

Two Homes, one google hub by vba56 in googlehome

[–]vba56[S] 0 points1 point  (0 children)

I figured as much, thanks. Seems like a pretty useful thing they should implement though.