Podcasts about ameritrade

What does it really take to lead at the top and keep growing once you get there?In this episode, I sit down with Dave Garrison, a leadership strategist with over 25 years of experience as a CEO, board member, and strategic advisor to both public and private companies in the U.S. and around the world, including Ameritrade. Dave is the cofounder of Garrison Growth, where he helps organizations of all sizes unlock better performance from their teams.Dave is also a long-standing member of the Young Presidents' Organization and currently chairs YPO's Leadership Development Network, serving more than 30,000 qualified CEOs globally. His work has shaped how top leaders think about communication, accountability, and sustained growth.We dive into what separates good leaders from truly great ones, how CEOs can scale themselves alongside their companies, and why leadership development is not optional at the highest levels. Dave also shares insights from his Harvard Business School MBA, his experience with EOS, DISC, and neuro-linguistic programming, and what he's learned from coaching thousands of leaders worldwide.If you're a founder, executive, or ambitious leader looking to elevate your impact and lead with clarity, this conversation is packed with practical wisdom you can apply immediately.

We got numbers! NVIDIA EARNINGS – now we know – remarkable turnaround on the news. Yen at critical levels – global markets should be on alert. This week’s guest – Tim Knight – a self proclaimed Permabear. NEW! Download the AI Generated Show Notes (Guest Segment) Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward bearishness. He has been involved in personal computers since late 1979 and, starting at age 16, began writing a couple dozen books about using and programming computers. His most recent writing has been focused on charting and the history of financial markets, including his newest books, Panic, Prosperity, and Progress, and, more recently, Silicon Valley Babble On and Solid State, his first novel. He has been running Slope since March 29 2005 and has, during that time, written more than 30,000 posts on the site. In 1992 Knight founded Prophet, a web-based technical analysis company that was acquired by Investools (and, later, Ameritrade) in January 2005. Tim served as Senior Vice President of Technology for Investools from 2005 through 2010. Both Barron's & Forbes consistently named Prophet the #1 website for technical analysis. Besides running the Slope of Hope, Tim also hosts a daily show on the tastylive network, Trading Charts with Tim Knight. You can find Sam Burns & Mill Street Research at https://slopeofhope.com/ and on Twitter at @slopeofhope. Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy – HERE Stocks mentioned in this episode: (NVDA), (GLD), (BTCUSD), (MSFT), ($YEN)

Dave Garrison is the CEO of Garrison Growth, equipping leaders to generate buy-in and get the best results from their teams. Dave is a seasoned executive with experience as a board member at organizations like Ameritrade and as CEO of public and venture backed firms. A sought-after speaker and workshop leader, Dave has led hundreds of sessions for profit and non-for-profit organizations and for members of Young Presidents Organization both globally and locally. These sessions are top rated and have been attended by thousands worldwide. He has also been a guest lecturer at leading business schools. He holds an MBA from Harvard Business School.Link to claim CME credit: https://www.surveymonkey.com/r/3DXCFW3CME credit is available for up to 3 years after the stated release dateContact CEOD@bmhcc.org if you have any questions about claiming credit.

What if your employees appear engaged, but aren't truly committed? In this episode of Partnering Leadership, Mahan Tavakoli speaks with Dave Garrison, an experienced CEO, board member, and author of The Buy-In Advantage: Why Employees Stop Caring and How Great Leaders Inspire Commitment. Drawing on his work with companies like Ameritrade and his experience advising leaders across sectors, Dave explains why engagement metrics are often misleading—and how leaders can create the conditions for real buy-in.The conversation begins by examining the gap between how leaders think about motivation and how people actually commit to meaningful work. Dave offers a compelling distinction between surface-level engagement and genuine buy-in, the kind that drives ownership, initiative, and sustained performance. He challenges the assumptions behind many well-intended leadership practices and makes the case for a more human, purpose-driven approach.Together, Mahan and Dave explore how leadership habits—especially those rooted in control or speed—can unintentionally suppress the very commitment leaders are trying to cultivate. Dave shares practical ways to shift the dynamic: asking catalytic questions, reframing roles, and creating environments where people feel seen, heard, and responsible for the outcomes they help shape.This is not a conversation about perks or communication plans. It's about understanding the deeper dynamics of commitment in today's evolving workplace—and how great leaders create clarity, connection, and accountability. Whether you're leading a boardroom, a leadership team, or a transformation effort, this episode will reframe how you think about performance, trust, and the leadership behaviors that unlock both.Actionable TakeawaysYou'll learn why engagement scores can mislead leaders—and what they fail to measure about actual commitment.Hear how high-performing leaders create emotional buy-in that drives discretionary effort, not just attendance.Discover why most organizations leave their team's passion and ownership “in the parking lot,” and how to bring it into Monday morning meetings.Learn what questions to ask that help people feel valued, challenge assumptions, and inspire initiative.Hear how the most effective leaders reframe their role from directive to catalytic—without sacrificing speed or results.Understand why buy-in starts before the hire and how purpose and values can shape more successful recruiting.Explore how to lead through uncertainty as a Chief Reassurance Officer, and why clarity and repetition matter more than inspiration.Learn how to avoid the common leadership trap of solving problems too quickly—and what to do instead to spark commitment.Connect with Dave GarrisonDave Garrisson Website The Buy-In Advantage Book Dave Garrison LinkedIn Connect with Mahan Tavakoli: Mahan Tavakoli Website Mahan Tavakoli on LinkedIn Partnering Leadership Website

Dave Garrison joins Travis on this episode of the Travis Makes Money Podcast. Dave is a renowned leadership strategist with over 25 years of experience as a CEO, strategic advisor, and independent board member for both public and private companies, including Ameritrade. He is the co-founder of Garrison Growth, a firm dedicated to helping organizations—from startups to major corporations—unlock the full potential of their teams. Dave recently authored The Buy-In Advantage, a book focused on inspiring employees to care deeply and perform at their best. His unique blend of high-level strategic insight and hands-on leadership experience makes him a compelling voice on building successful, people-driven businesses. On this episode we talk about: Dave's first money-making experience as a newspaper delivery boy and the lessons it taught him about persistence and cash flow. The value of early, high-volume, people-facing jobs in developing communication and life skills. How parenting styles and financial education at home shape children's future relationship with money. Dave's unconventional career path, including his decision to take a sales job after earning an MBA from Harvard, and what he learned from both experiences. The mindset shift from “having the answers” to “asking the right questions” as a leader, and why this is crucial for organizational buy-in and growth. How generational differences (especially Gen Z) and post-pandemic shifts are changing what employees want from work—and what leaders must do to adapt. Practical frameworks from The Buy-In Advantage for drama-free problem solving and building collective genius within teams. Top 3 Takeaways The best leaders don't just give answers—they ask better questions to develop decision-making muscles in their teams, fostering buy-in and long-term growth. True organizational success comes from aligning people's work with a sense of purpose and shared values, not just focusing on the bottom line. Creating a culture where everyone's input is valued leads to smarter decisions and greater results than any one leader could achieve alone. Notable Quotes “Managers tell and leaders listen. One of the myths of leadership is thinking we have the answer, when in fact our job is to prepare people for change by helping them think.” “All of us are smarter than any of us. That's how you get the best thinking—by including everyone in the process.” “If time and money were unlimited, what would your ideal life look like? My joy—and my success—comes from helping others achieve results they didn't think were possible.” Connect with Dave Garrison: https://garrisongrowth.com/ Book: The Buy-In Advantage (available wherever books are sold)

Retaliation on the Retaliatory Tariffs – where does it end? Eat your vegetables – people! Put call ratio 1.6 and the VIX hits 45! Oil – 3-year low. This week's guest - Tim Knight – a self proclaimed permabear Tim Knight. NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward bearishness. He has been involved in personal computers since late 1979 and, starting at age 16, began writing a couple dozen books about using and programming computers. His most recent writing has been focused on charting and the history of financial markets, including his newest books, Panic, Prosperity, and Progress, and, more recently, Silicon Valley Babble On and Solid State, his first novel. He has been running Slope since March 29 2005 and has, during that time, written more than 30,000 posts on the site. In 1992 Knight founded Prophet, a web-based technical analysis company that was acquired by Investools (and, later, Ameritrade) in January 2005. Tim served as Senior Vice President of Technology for Investools from 2005 through 2010. Both Barron's & Forbes consistently named Prophet the #1 website for technical analysis. Besides running the Slope of Hope, Tim also hosts a daily show on the tastylive network, Trading Charts with Tim Knight. You can find Sam Burns & Mill Street Research at https://slopeofhope.com/ and on Twitter at @slopeofhope. Check this out and find out more at: http://www.interactivebrokers.com/ CHARTS DISCUSSED IN THIS EPISODE Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode:

T. Scott Clendaniel has been a pioneer and leader in Data Science and Artificial Intelligence since his career began in 1986. Scott's employers/ clients have included 3M, Ameritrade, Biogen, Booz Allen, Bristol-Myers Squibb, FDIC, Mercedes, Morgan Stanley, The Los Angeles Times and a host of other marquee names. He sits on several boards of directors and is constantly mentoring the next generation. Additionally, he has been a guest lecturer at both Johns Hopkins University and the University of Maryland.

Journey with Matt and Martin aboard the SS Flapchop to the Island of Misfit Topics! You will love it! Hurrahs and Huzzahs!   NOTE: In 2006, Ameritrade purchased the American operations of TD Waterhouse from TD Bank Group. The combined company was renamed TD Ameritrade, and TD Bank Group was given a 39% stake in the company. As part of the deal, Ameritrade sold its Canadian operations to TD Bank who merged them with TD Waterhouse Canada.

Shocking – Rates running higher on better then expected jobs report. Oil on the move as the Middle East conflict intensifies. China and Emerging Markets on Fire – breaking out from long base. This week's guest - Tim Knight – a self proclaimed Permabear. Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward bearishness. He has been involved in personal computers since late 1979 and, starting at age 16, began writing a couple dozen books about using and programming computers. His most recent writing has been focused on charting and the history of financial markets, including his newest books, Panic, Prosperity, and Progress, and, more recently, Silicon Valley Babble On and Solid State, his first novel. He has been running Slope since March 29 2005 and has, during that time, written more than 30,000 posts on the site. In 1992 Knight founded Prophet, a web-based technical analysis company that was acquired by Investools (and, later, Ameritrade) in January 2005. Tim served as Senior Vice President of Technology for Investools from 2005 through 2010. Both Barron's & Forbes consistently named Prophet the #1 website for technical analysis. Besides running the Slope of Hope, Tim also hosts a daily show on the tastylive network, Trading Charts with Tim Knight. You can find Sam Burns & Mill Street Research at https://slopeofhope.com/ and on Twitter at @slopeofhope. Check this out and find out more at: http://www.interactivebrokers.com/ CHARTS DISCUSSED IN THIS EPISODE Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (SPY), (FXI), (QQQ)

Stock Investing Info from Earnings Hub w/ Hamid Shojaee   AZ TRT S05 EP23 (238) 6-9-2024    What We Learned This Week: Earnings Hub is a platform where you can find all the information on a company, when their earnings are coming out, & quarterly calls Earnings info for Public Co's is often hard to find, and the income for stocks is crucial to the price Hamid is a long term investor like Buffet, more of buy and hold of good stocks, only owns 8 stocks Concentration Builds Wealth – Diversification Preserves it. Looking for companies that can grow 10x over the next few years, and this is hard with massive companies worth $ trillions like Apple or Microsoft   Guests: Hamid Shojaee  https://aztechbeat.com/   Hamid talks all thing AZ tech, Startups and what the world of an Angel Investor really looks like. His 2 decades + of experience is laid out, from starting and running software companies, plus exited the industry to now an Angel Investor mentoring the next generation of Startups. Hamid (Founder of Axosoft and Pure Chat) has always had a passion in helping Arizona's up-and-coming tech talent. Since 2010, Hamid has been involved with various AZ tech initiatives, including bringing tech founder and CEOs together, investing in startups and helping push the #YesPHX community forward. Axosoft – software tools for software development PureChat – live chat software for websites Hamid is a 20 year + software veteran who's built four different multi-million dollar SaaS products in the last twenty years. He recently sold two software companies, Axosoft and Pure Chat, and has been advising and investing in Arizona-based startups for nearly a decade. He recently announced he'll be investing $10 million in promising Arizona tech startups. Hamid is also host of the AZ Tech Podcast, where he interviews Arizona's most successful founders, investors and doers.     https://savvytrader.com/ What is Savvy Trader? Create Create a virtual portfolio of your stocks and crypto. Buy or sell your investments at any time to keep your portfolio up to date. Share Share your portfolio for free, or set a price, for your followers to get access to your portfolio and notified about your trades. Notify Notify your subscribers when you make a trade. Savvy Trader will send a text or email to everyone subscribed to your portfolio.   Savvy Trader is on a mission to make investment information more accessible. Learning about stocks and crypto can be intimidating and overwhelming with incredibly high levels of noise and very little signal. Savvy Trader helps solve this problem in two ways: Create and trade stocks and crypto in a safe virtual portfolio environment. The Savvy Trader virtual portfolios work a lot like a real brokerage account, except the trades are not real, allowing users to experiment and learn. Portfolio Creators can also share their virtual portfolios. A great way to learn about stocks and crypto is to see the virtual portfolios of others, see the actual performance of those portfolios as if they were real, and learn about the reasons behind the creators decisions for buying or selling each holding. So go ahead, create a virtual portfolio and share it with the world. Speaking of, I have a Savvy Trader virtual portfolio myself. Truth be told, I wanted to create Savvy Trader for myself as an easy way for me to consolidate my holdings in multiple accounts into a single virtual portfolio that represents my actual investments, and I wanted an easy way to share my portfolio details with friends and family. You can subscribe to my portfolio below - it's free!     Notes: Savvy trader a website created by Hamid for portfolio sharing. You can see what stocks other people are buying. You can also create custom portfolio as well as build an audience. They pay creators $25 a month. Under the Savvy Trader brand, they created Earnings Hub, which gives the quarterly earnings reports of Companies and their stocks. You can get a summary of the quarterly calls, analyst expectations, analyst analysis, the actual earnings, and the calendar on when the earnings come out. Hamid is a long-term investor who looks for growth, earnings, and earnings validation. The old mantra of, trust but verify. He is definitely a fundamental investor like Buffet, who looks at the numbers of the company. Also believes in companies who make investments in R&D. Looking for great companies with a growing Market Cap.     Part 1 Seg 1 Public companies release earnings on a quarterly basis. Then the CEO has to conduct a call with analyst where they answer questions. This is the only public information available. It's a chance each quarter to see what's really going on with the company. Earnings information is tough to find, and you have to search for it in multiple places.  They created Earnings Hub where the information is all in one place. Can see the calendar of who's reporting earnings and when. You also have access to past quarterly calls and a summary of the call. This way you can see the information the public companies are required to file on earnings in the status of the company. Hamid is also an angel investor where you invest in startups Founders. Private investor with no guarantees. The way they typically operate, is they push out financial and sales  updates monthly or quarterly. Most startups fail, so Hamid understands anyone he invests in, could lose the money. He is basically a hands off investor. Earnings Hub is set up where traffic on the site will spike when big companies like a Tesla or Amazon are reporting. They also just launched a feature where you can listen to the earnings call live as well as do live chat with other members. Cost for Earnings Hub is $100 a year. Right now they have an intro offer where it's just $1 - one dollar.     Seg 2 They created a joke feature with Earnings Hub logo. Currently the A in the logo is a pyramid. When a stock is down, the logo will change to a

US Economy humming along – better than expected – but calls for rate cuts continue. Is this the Year for Foreign? Not so fast says markets. Bitcoin – post ETF blues. This week's guest - Tim Knight – a self proclaimed Permabear.   Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward bearishness. He has been involved in personal computers since late 1979 and, starting at age 16, began writing a couple dozen books about using and programming computers. His most recent writing has been focused on charting and the history of financial markets, including his newest books, Panic, Prosperity, and Progress, and, more recently, Silicon Valley Babble On and Solid State, his first novel. He has been running Slope since March 29 2005 and has, during that time, written more than 30,000 posts on the site. In 1992 Knight founded Prophet, a web-based technical analysis company that was acquired by Investools (and, later, Ameritrade) in January 2005. Tim served as Senior Vice President of Technology for Investools from 2005 through 2010. Both Barron's & Forbes consistently named Prophet the #1 website for technical analysis. Besides running the Slope of Hope, Tim also hosts a daily show on the tastylive network, Trading Charts with Tim Knight. You can find Sam Burns & Mill Street Research at https://slopeofhope.com/ and on Twitter at @slopeofhope. Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (NVDA), (GOOG), (AAPL), (AMD), (META), (MSFT), (INTC)

The Power of Imperfect Parents: Practical tools to parent your child with disabilities by Lynda DrakeAuthor Lynda Drake shares a toolkit for parents of children with disabilities. It aims to teach kids about handling money and food. It also helps deal with disappointments, failures, extreme behaviors, and more. Lynda shares her experiences raising three children with various disabilities and diagnoses, including Down syndrome, diabetes, life-threatening allergies, severe behaviors, mood disorder, ADD, anxiety, and eating disorder. The book will help release stress and learn to love, laugh, and let go!Lynda Drake worked for Bayaud Enterprises from 2006 to 2022 as a job developer and program manager. She has assisted over a thousand individuals in their job search as well as facilitated Beyond Bayaud for 15 years, which was a class where she strives to give people the tools necessary to rise above poverty and find their own personal power to create the life they desire and deserve. Before coming to Bayaud, she had been a stockbroker for Ameritrade and Charles Schwab for 19 years. Having children with various disabilities led her to work in the non-profit world, where she has found fulfillment and an ability to truly connect to others. She and her late husband have three children; their oldest daughter, Alli, and twins, a son Alex and a daughter Katy. They are all powerfully imperfect people who each have their own challenges. Lynda has written two books, one about money from a spiritual point-of-view called Belly Dancing Lessons for Your Finances, a Spiritual Guide to Financial Health or Beyond Money, and The Power of Imperfect Parents, about parenting children with special needs. She also has an online course, The A.B.C.'s of Stress Relief. Lynda is also a life coach, professional speaker, and group facilitator.https://www.amazon.com/Power-Imperfect-Parents-Practical-disabilities-ebook/dp/B0C6J17CWXhttps://www.lyndadrake.com/http://www.ReadersMagnet.com http://www.bluefunkbroadcasting.com/root/twia/11824ldrm.mp3

Frame & Sequence Ep. 25 - Dewey Nicks  Dewey Nicks is one of the great fashion photographers from the glory days of legacy publishing and the height of the super model age.  He has photographed some of the biggest names in fashion and in Hollywood.  He is also an accomplished commercial and film director. In this episode we talk about his education and early influences in photography.  His career in fashion and editorial photography.  And he shares some great stories about working with some of the top models in the 1990's as well as some of the incredible art directors and stylists. We also talk a bit about his personal style and aesthetics and much more.  Enjoy! Find Dewey on Instagram @deweynicks And his book, Polaroids of Women on Amazon Dewey Nicks was born in St. Louis, the gateway to the West, as the son of an advertising man. During family vacations to Hollywood as a child, he became intoxicated with its glamour and eccentricity. His love of fine arts finally drew him to California to study photography at the Art Center College of Design in Pasadena. Since 1986, he has been working as a professional fashion and commercial photographer. His talent, combined with a deep well of enthusiasm, has landed his work in magazines such as Vogue, W, and GQ among many others. He has also created classic advertising images for clients including Tommy Hilfiger, Guess, and Polo. In 1995, Nicks added Commercial Direction to his resume. An Ameritrade spot in 1999 garnered him the U.S. Comedy Arts Festival Award for “The World's Funniest Commercial.” That same year he became a Director's Guild nominee for outstanding directorial achievement in television commercials. His reputation as a top fashion photographer and skilled commercial director have made him uniquely qualified to shoot both print and television spots for clients such as Tommy Hilfiger, Hugo Boss, Quiksilver, and Unionbay. In 2000 Greybull Press published Kustom, Nicks' first book of photographs inspired by the very ideals and unique expression that originally attracted him to California. Constantly looking to broaden his horizons, Nicks moved into filmmaking. His documentary short Hell House premiered at Slamdance and had its New York debut at the Museum of Modern Art. In 2002 he directed his first feature film, Slackers starring Jason Schwartzman, James King, Devon Sawa, and Laura Prepon. Versatile and talented, Dewey Nicks will be shaping popular culture for years to come. Grounded by his mid-western roots, Nicks' body of work combines an authentic visual sense with a great knowledge of the arts to convey his pragmatic understanding of the zeitgeist of contemporary America.   Find me on Instagram @toddritondaro Join the Frame and Sequence Substack newsletter for more podcasts and semi regular newsletter exploring photography, cinema, art, and travel.  

7 Steps to Challenge Your Property AssessmentIt's great when the value of your home goes up, but there's also a serious downside. Homeowners all across America are getting notices that their property taxes are increasing. But are those assessments accurate? And if not, what can you do about it? Today we'll give you the 7 steps to challenging your property assessment. Real estate analysts correctly predicted a surge in property taxes due to increased home values. Although rising home values are beneficial in theory, they often lead to increased property taxes that homeowners must pay immediately. However, homeowners can challenge these tax assessments, with a 20-40% success rate. To appeal: Determine the appeal deadline, usually indicated on the assessment notice.Understand the assessment process, typically a market value percentage.Ensure you receive applicable reductions, such as homestead exemptions or credits for certain demographics.Verify the accuracy of your property's official description for any discrepancies.Compare your property to similar local properties—considering size, features, and amenities.If your property is assessed higher than comparable homes, gather evidence and start the appeal process.File the appeal, possibly awaiting a few months for a decision.If denied, there's an option to present the case in person to an appeals board. Sticking to facts is crucial. Homeowners can also hire an independent appraiser, ensuring the chosen appraiser is certified and that the jurisdiction allows external appraisals. If successful, the reward is a lowered tax bill annually.You may be wondering if all this is worth it. Well, not if you discover fairly early in the process that your assessment is similar to comparable properties.But if it isn't, and you appeal and win your case, you'll enjoy a lower tax bill year after year, and that would definitely be worth it. On today's program, Rob also answers listener questions:  Should I cash out a life insurance policy with a cash value of around $8,400 and use it for prepaying funeral expenses, or should I continue paying the premiums?Is it a good idea to gift my grandkids I bonds worth $200 each year instead of buying them physical gifts?Living on disability due to cancer and raising a child alone, how can I keep afloat financially?How can I seek help for my shopping habits that have led to credit card debt after my children left for college?Should I manage my $300,000 in CDs on my own or stick with the AmeriTrade company, given the fees and returns I've experienced? RESOURCES MENTIONED:- Bankrate.com Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community, and give as we expand our outreach.   Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Not getting enough RPM from your blog? It's time to spice up your content creation and learn your way of partnering with ad networks so you can increase your site's RPM. In this insightful episode, I'm honoured to speak with Paul Bannister who is the Chief Strategy Officer at Ad Thrive. In his role, he leads the programmatic sales and video monetization teams that create compelling media experiences that connect the world's largest brands with the company's nearly 4,000 independent publishers. He serves on the board of the IAB Tech Lab and is actively involved in the W3C and Prebid communities that are driving the future of advertising. We have discussed valuable topics such as how to become an attractive publisher to advertise on and be a publisher that bigger media buyers and Ad networks WANT to partner with? What that entails, the steps you can take with your content, with your brand, and with your audience? How to increase your RPM once you have partnered with an ad network? We also dived into third-party cookies (what are they, what do they mean for bloggers, and how do they work)? What happens when those third-party cookies were removed and ended? What does that mean for us website owners and how do we make money?  Lastly, Paul spilled the beans on the solutions and alternatives for us and ad networks so we don't go out of business.  If you want to increase your blog's RPM, explore the ways in this episode now!   Episode Highlights 03:37 Is CafeMedia & AdThrive the same? 07:07 Paul's journey in selling a website in the ‘90s  09:31 How do bloggers attract Ad networks to partner with them? 11:35 How to get more engagement out of the content that you create? 18:55 What do top sites have in common? 22:19 How does AdThrive increase a site's RPM? 29:03 Third-Party Cookies: What is it? How does it work? What happens when these are removed? 44:47 Where can you find Paul? About The Guest Paul Bannister is the Chief Strategy Officer at Ad Thrive. In his role, he leads the programmatic sales and video monetization teams that create compelling media experiences that connect the world's largest brands with the company's nearly 4,000 independent publishers. Before joining AdThrive, he founded Online Gaming Review, one of the first websites dedicated to computer games, authored two books on computer games, and held roles at USWeb/CKS, Ameritrade, and CMP Media. He serves on the board of the IAB Tech Lab and is actively involved in the W3C and Prebid communities that are driving the future of advertising. Resource Links ➥ Buying Online Businesses Website (https://buyingonlinebusinesses.com)  ➥ Download the Due Diligence Framework  (https://buyingonlinebusinesses.com/freeresources/) ➥ Visit Niche Website Builders and get EXCLUSIVE OFFERS here as a BOB listener (https://bit.ly/3BusZE3) Connect with Paul Bannister: ➥ https://adthrive.com/  ➥ www.cafemedia.com ➥ https://twitter.com/CafeMedia_  ➥ https://www.linkedin.com/company/cafemedia/ See omnystudio.com/listener for privacy information.

Hey there, passive traders How you doing? I got something really, really exciting for you today, if you'd like to have really, extra money, free money without having to do anything, that's what we're all about, right? Passive income, passive trading. This is really something I just came across this, I don't understand why I didn't know about this sooner. I just can't imagine all the money that I've left on the table over the years. I mean, I knew that this was happening. And I knew this was done. I just didn't know that us, individual investors at home guys, I didn't know that we could do this. And so I had to make this deal right away. And I had to get this information out there. So you could basically turn this setting on in your account and start making money today. Okay, that's how that's how cool it is. There's nothing to buy. There's nothing to do there. I mean, basically, it's, you have stock in your account, your broker will pay you extra money for having that stock in your account. That's simply what it is. So, I mean, let me just get into it. Okay? I'm flabbergasted. I'm speechless. No, I'm not, I'm talking. So I'm not speechless. But still, I'm really like, shocked. I call it the sticky to Wall Street stock Income program, because that's what we're doing. We're sticking it to Wall Street, we're sticking into the man. Now, look, this is our works. Normally, when we buy a stock, right? It goes up, we make money, that's what we want, you buy it, and then it goes up and you sell it or, you know, your passive trading. So you don't want to sell it, you do want to get dividends from it, you still want to sell options on it, and you want to make money off of it. You don't want to sell it ever, really, because it's just it's a it's an asset, they just want to cashflow. But this is another way to do that. So you buy the stock, it goes up, you make money. But if you think the stock is gonna go down, well, obviously, you can short the stock, right? And that's what hedge fund guys do. That's what Wall Street guys do. The big banks, the institutional traders, that's what they do all the time. They are shorting stock. Well, in order to short the stock, they don't own it, you can't short something you own right, because they would lose value and you own it. So that's bad. They instead they turn around and they borrow the stock from other brokers on Wall Street. So if they want to short a stock, they got to go to a different broker and say, Hey, I need this many shares this, I need this many shares this. And in order to do so they have to pay money, they actually pay interest to the broker that they're borrowing from. Now, if you go to your I know this, this works on Thinkorswim. If you go to the main page, where you type in the symbol, and you see the all the information, it'll tell you if the stock is easy to borrow, or hard to borrow. And that's what tells you how much volume there is and how much ability the hedges have to borrow this stock. Right? If it's easy to borrow, then they can go to any borrow and they can get it and they'll pay a lower interest rate. If it's hard to borrow, they have to pay a lot higher interest rate. Okay, so that's the really cool part. Because if we have that stock, we could lend it and collect that interest. That's right. So the hedge is they have to learn, they have to pay whoever they're borrowing their stock from the payment, it depends on the stock and how much they need to stop, right. If it's hard to borrow, they're gonna pay more. But any borrowing that they do, for us is really extra money. So yes, if you have stock in your account, it's just sitting there, you turn this feature on in your account, click, or I mean, there's no application, but you fill it out, and you get approved for this, your broker will take that stock from you whenever somebody wants to borrow it, and they will pay you interest. Now, the cool part is nothing changes in your account, nothing changes, you can still sell it whenever you want, you're not locked in. If there's a dividend, that money will still be given to you. You can sell options against it. The only requirement is that you own the stock 100% no margin. So if you own the stock 100% no margin. You can do this. Okay now, against the details a little bit, but here's what it's called. If you want to research it, you want to look it up, you want to call your own broker and find out more I think you should because it's like free money right? At Interactive Brokers. It's called the stock yield Enhancement Program, stock yield enhancement program, because that's basically what it does. They're giving you more money for owning it at other brokers like AmeriTrade, Fidelity Schwab e trade, it's called the fully paid lending Income program called the fully paid lending Income program. So you can either research it online or go into your account and search it or you just call up your broker and ask him make sure you get the pros and cons haven't walked you through it. Right do your own due diligence before you do you do it. But it sounds really awesome. And I'm applying myself to get this set up today. I was planning on setting it up first making some money off of it and then being able to come back and report it. I was like No one, we're gonna wait, I just need to tell you guys right now. And because I've seen other people do it and they were boarded that it works, it's easy, it's doable. And so I'm gonna go ahead and tell you now, and then I'll go do it, and then I'll make another, you know, we'll talk about it later, and see how it does and all that stuff, basically, you get daily income, yes, they put the money in your account every day. Because let's say, let's say there's a stock and, you know, they're gonna pay you 12% a year. That's a lot, right? 12%. Now, they're probably not going to take the stock from you, borrow it for the whole year. But for whatever period of time, they'll take that 12% divided by blah, blah, blah, how many days and then you get paid that dividend or you get that dividend, but you get paid that income that yield every every day in your account, and it'll show up as an account as a payment to you. Okay? Now, again, like I said, there's no restrictions on the on the trading, you can sell it whenever you want to, you can trade options on it, if you want to, make sure your broker allows it. Every brokers are different. They all have different criteria. So make sure your broker allows it. But yes, you can trade it you there's no locking period, you can get out whenever you want. Now, you might be thinking, But wait a minute, you know, if I'm giving this stock, and I'm letting somebody borrow it, who wants to short it, that's going to make the stock go down, and I own it. So that's going to hurt me Why would I do that? Well, you would do that because they're going to short the stock anyway, whether they borrow it from you, or they borrow from somebody else, they're going to borrow it, they're still going to do it. So you might as well make money off of it. Right. And we are in it for the long term. We're not in it for like five points. We are in it for five years. So if you do your stock selection properly, you're going to want to stay in the stock. And if it if it goes down, that's great. Well buy more. That's perfect. And we're getting paid while we're waiting. And we're selling options against it while we're waiting. And we're still getting dividend payments while we're ready. So yes, it's a good idea. The yield of what they do depends on the stock. If it's harder to borrow, you get less if it's easier to borrow. No, it's harder bar you get more, it's easier to borrow you get less, it depends on the broker as well. And the broker will then determine how much of that money they give you. So yes, I know it's yours. Right, but they're doing the transaction. So they keep part of it. Now at AmeriTrade they say they keep 50% Interactive Brokers is also 50%. So they keep 50% of that interest that gets paid. All right. Now, what's the risk? Well, the risk is that this is the once you hand over the stock, it's not government protected. So basically, what happens is if you have stock at Fidelity or AmeriTrade or whatever, your broker, if your broker goes out of business, you are protected up to a certain dollar amount by the US government. So the government will go into okay broker you failed, give us all your accounts, you know, let us know how much did Joe have in his account? Oh, this much. Okay, Joe, well, here you go, Here's your money. Or here's the stock that you own. You know, if you got 100 shares, here's your 100 shares, or they'll give you the money for it. So the government protects you in a normal environment. In this situation, the government will not protect you because you're lending them away. You're giving them up temporarily. Right, so you're not holding on to them. In order to offset that. What the brokers have done is each broker has a bank. Right? So for AmeriTrade, the bank is Wells Fargo right now. So the broker or in this case, AmeriTrade takes 102% of the value of the stock that they're borrowing and they go and they put that money or those that that amount of asset into the bank at Wells Fargo. So in case AmeriTrade goes out of business, Wells Fargo will make you whole okay. So again, if let's say you had $100,000 of a stock, AmeriTrade takes it from you, you let them borrow it, you let them give it to somebody else, then they AmeriTrade will take $102,000 worth of assets T bills or something else and they'll put it into Wells Fargo just in case. If they got a business well, Fargo will give you your money back. Okay, so you are protected, but it's not government protected. That's why they call it fully paid lending that it's, you know, fully paid. What else? Okay? So dividends, dividends are different dividends are paid, but they're not paid as a dividend. So let's say you have $1,000 dividend coming up. If you have lent the stock, the broker will still pay you that $1,000 But it won't be classified as a dividend. So depending on your tax situation, you know, that might upset you a little bit. But it's still better than not getting the money, right? It's still better than not getting interest. So I don't know if that would make sense to offset it unless you know your tax bracket and talk to your accountant about it. Make sure it works and makes sense. But if you're doing this Send an IRA account, well, then there's no taxes, so you don't have to worry about it at all. That's the last thing according to AmeriTrade, now again, I, I've only contacted AmeriTrade so far, I do think that this can be done at other brokers in a regular account. But at AmeriTrade, they want you to do this in a non-margin account. So if you have a regular account that does not have margin, they will let you do it in there, or they will let you do it in a margin enable IRA. So what that means for us, as passive traders, is if you're selling options, you know, if you're selling credit spreads, iron condors or naked puts in a regular trading account, that account will not be eligible. But if you're selling those same options in an IRA account, that account is eligible. So this works for those of us who are trading or who have IRAs, and have margin enabled. So you can do that in there, because you probably have most of your stocks in there anyway, the long term holdings, so this will be another added boost to that income and that yield. So that's really cool. That's the basics of it. Okay. Again, it's either called the stock yield Enhancement Program, or it's called the fully paid lending Income program. Again, this is money that it's free to you. There's no restrictions. And I'm looking at the website right now for AmeriTrade on that page. And it's, basically it says earn extra income on stocks and ETFs, you hold in your account by lending them out for a fee, we facilitate the loans. I mean, AmeriTrade charge borrowers and share 50% of the income with you, the securities must be fully paid for not borrowed on margin. Okay, so it says here, you know, you can buy and sell your shares. As usual, you can review the loan details on your daily statements. So you'll get daily income statements, and you can opt out at any time. So you're not logged in. There's no fee for this, you're not paying anything to do this is basically something you click on your account, you make an apply application. And then if that's turned on, then there you go, we're off to the races. How much money can you make? Well, they got some hypothetical lending rates here, you can get 10.5% 5% 1% 15% on different stocks, depending again on how hard it is to borrow. I mean, that's basically all it is, right? It's pretty crazy. If you have a it's and they based it on 360 days of lending. So I guess five days the markets are closed. All right, I guess I don't know how they calculate the 360. But that's what it is they pay you for 360 days out of the year. So even on weekends, you're still getting paid interest. And that's really cool. So again, the considerations and the you know, the risks if you want to say shares, loans are not protected by the SIPC however, the shares are fully secured by collateral held at a third party custodian like explained to you well, when the bank holds the money, you do forfeit your right to participate in any corporate actions, such as proxy votes, tender offers, and voluntary actions. So there's a vote coming on or something you don't get to vote. Okay, I don't vote anyway. So for me, it doesn't really matter. Rather than dividends, you receive substitute payments in the same amount, which are taxed differently from dividends. So again, talk to your CPA about that. Typically, typically, positions must be more than $10,000 to be considered for lending. So you want to have at least $10,000 in that stock doesn't say you got to have 100 shares. So that's cool, you know, you might have less than 100 shares. But if you have $10,000, they'll still borrow it. And then securities lending may not be suitable for all investors, and is only provided to clients after a review and approval process. So yeah, that's, you know, that's them covering their own butts, They have some FAQs here, there's an application, you gotta meet some criteria, and it doesn't say that, you know, all the money or the all this, all the shares will be loaned out, but they will all be eligible. So it depends on what the market wants, right? And yes, you can buy and sell the security, as usual. If it's lent out and you sell the stock, then you just stopped getting any interest. So that's it. And that's it and you do your own research. I just want to get this out to you. This is really cool way of just being extra free money. There's nothing to buy nothing to do. If you have an account at a broker that does this. Just ask them how do you set it up? What are the pros and cons try it out. If you don't like it, stop it, you know, but this is just another way to generate some extra passive income from stocks that you already own. And I'm just happy to bring this information to you that you could do this. Go ahead go get it started today while you're doing this, you know, watch his video again if you have to get the details but yeah, it's pretty simple. Go set it up. All right. Trade with the odds in your favor guys. Wish you all the success in the world. Peace out. JOIN OUR FREE PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance  Like our show? Please leave us a review here - even one sentence helps. Thank you!

Having spent more than 35 years helping establish and run the world's largest online brokerage, Mr. Ricketts today has returned to his roots, focusing on a wide range of entrepreneurial and philanthropic ventures. A pioneer in using technology to revolutionize the financial services sector, Joe founded the company now known as TD Ameritrade, a securities industry leader. Since 2008, he has devoted himself to various entrepreneurial and philanthropic ventures, including Opportunity Education Foundation, The Cloisters on the Platte Foundation, The Ricketts Conservation Foundation, and The Ricketts Art Foundation.   Mr. Ricketts shares some phenomenal insights on the show today. We discuss why being let go from the family business as a young man helped focus his mind on what he really wanted to do with his life. Joe talks a little about his non-conformist attitude to life and why he feels that you need to step forward when you're called to be a leader. He also shares the details of why he and his son decided to take their family business, Ameritrade, public and the reason Joe left the company, and why it turned out to be a much more emotional process than Joe anticipated.   “Responsibility and reliability come from you, not from anybody else.” - Mr. Ricketts   “If you don't enjoy the journey and the challenge of getting there, you're not going to get it done.” - Mr. Ricketts   “I always felt we were going to be successful. So whatever came at us by way of a problem, we had to find the way to overcome it.” - Mr. Ricketts    This Week on The Wow Factor: Joe's first job and how it gave him invaluable insights into how businesses worked Why Joe left a secure role at Dean Witter to make the leap into entrepreneurship Joe's philosophy on dealing with his competitors The importance of providing not only and great product but also an excellent customer experience How Joe managed to get the Legacy Act of the Wyoming Range passed to protect a local wilderness area Why Joe doesn't get involved in partnerships in his business The trusts started by Joe and his wife that required all of their four children to work together to manage their money and what they ended up doing with it Straight Arrow News, Joe's latest initiative, and why he decided to launch the news outlet on 2021   Joe Ricketts's Words of Wisdom: Being honest, candid, and straightforward is the best way for a leader to achieve success.   The Cloisters on The Platte: The Cloisters on The Platte is a spiritual retreat for people who want to get closer to God. The goal of the retreat is for people to realize the deeper level of how Christ is our king. The 3 day silent retreat is a private and contemplative experience, tucked away in the rolling hills of Gretna, Nebraska.   Connect with Joe Ricketts: Joe Ricketts' Website Straight Arrow News   Connect with The WOW Factor: I Like Giving: The Transforming Power of a Generous Life by Brad Formsma Words of Wisdom Website Brad Formsma on LinkedIn Brad Formsma on Instagram Brad Formsma on Facebook Brad Formsma on Twitter      

Cathal Friel, Chairman & Jeremy Skillington, CEO of Poolbeg Pharma #POLB explains why the shares have started trading on the OTCQB Venture Market in the United States. Highlights There is no associated capital raise with this cross trading and Poolbeg's Ordinary Shares will continue to trade on the Alternative Investments Market (AIM) on the London Stock Exchange under ticker POLB. Cross trading on the OTCQB market allows the Company access to one of the world's largest investment markets to expand its reach into a broader pool of investors. Poolbeg shares will be available to US investors during US working hours and priced in US dollars and thus has the potential to enable greater liquidity in Poolbeg shares on AIM by easing cross-border trading for potential US investors. Further information about the OTCQB market can be found HERE. [has smart link: www.otcmarkets.com/learn/market-101] As a Foreign Private Issuer, Poolbeg's onboarding to the OTC Markets is based on satisfaction of the requirements for OTCQB as applicable to international reporting companies including satisfaction of the criteria for the exemption under the US Exchange Act Rule 12g3-2(b) from SEC reporting.   The Rule 12g3-2(b) exemption includes the disclosure obligation to ensure that certain information made public or distributed under home market regulations is made publicly available on the company's website or other electronic information delivery system in English. Thus, the Company will have no additional reporting obligations and incur minimal ongoing costs, compared to traditional major exchanges. As a verified market, the OTCQB offers transparent trading for companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process. The cross-trading facility is provided through OTC Markets Group Inc., located in New York. OTC Markets operates the world's largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Online brokers such as Ameritrade, Fidelity Investments, Tradestation, Charles Schwab and E-trade all offer OTCQB trades. US investors can find real-time quotes, market information and access current company news and developments for Poolbeg at www.otcmarkets.com. 

This is a HUGE area that needs to be addressed in YOUR marriage. According to Ameritrade 41% of divorced Gen Xers and 29% of Boomers say they got divorced over money issues!! This isn't something that should be ignored until it creates conflict, but should be worked on frequently, addressed in conversation, and planned out. We are delighted on this episode to introduce to you special guests, Juli & Thomas, with Marriage Puzzle. They are marriage and financial coaches and they share with us a wealth of knowledge on both topics. They have a journey in their life that has shown them the importance of transparency both in their marriage and their finances, and they share many practical tips to implement in your daily life. Go and follow them on their Podcast and social media, and reach out to them to set up your own coaching session. https://www.marriagepuzzle.com/ As always, we would love to hear from you! DM us on social media, and follow us wherever you listen to Podcasts. https://linktr.ee/UnrelentingPursuit -Social Media unrelentingpursuitofmarriage@gmail.com - Email Us --- Send in a voice message: https://anchor.fm/unrelentingpursuit/message

We've had four sets of confidence indicators out of the US in the last couple of days. They tell a story of sustained main-street economic confidence contrasted with a sudden gap-down in financial market confidence. This seems to me to be eminently reasonable, given near=full employment and the prospect of monetary tightening. The NFIB small business optimism index really did nothing, rising 0.5pts to 98.9, which extends the modest recovery of the last couple of months. Expectations for the coming six months remain sharply negative despite rising 3pts to minus 35. But for me, it's the NY Fed's monthly survey which is the king of US sentiment surveys. What get's advertised is the movt in inflation expectations, and there was little to report from Dec's survey: 12m expectations were almost unchanged at 5.99% and so were 3yr expectations at 4%. House price inflation expectations rose slightly to 5.5%, and chances of moving home down slightly at 16.7% But the survey doesn't end there: it looks at the full spectrum of household attitudes and expectations: employment, chances of getting a new job, expected earning, expected spending, expected taxes; difficulty of getting credit. There's almost too much to take in. What did it tell us in Dec? I think overall, the Fed will be pleased - US households seem both basically confident but decently sceptical of their good fortune. Compared to November, expected wages were up a bit 2.97%, and h'hold income up a bit at 3.37%, but spending down a bit at 5.53% and taxes down a bit at 4.4%. Credit availability slightly less difficult than in November. Likelihood of losing a job retreated to the lowest on record, and the chances of finding a new job quickly rose to the highest since Feb 2020. And what do people think about financial markets? Well, 28% expect interest rates on savings accounts will rise this year, which is 0.7SDs below the l/t average. Meanwhile, 38.9% expect the stockmarket will rise this year, but that's 0.8SDs below the l/t average. This looks basically not encouraging. And so on to direct measurements of stockmarket confidence. Today we had the IBD/TIPP index, which tracks economic optimism among investors, sank 7.6% mom to the weakest since July 2020. That's what they say, but what are investors doing? Yesterday we had the December investor movement index, which tracks actual behaviour of Ameritrade clients. That dropped 9.6% mom in December, to the weakest since February, coming off a plateau it has enjoyed since last March last year. Ameritrade's results are similar to what we heard out of State street on 29th December, when its investor confidence index - also calculated by looking at what people are actually doing with their money - dropped no less than 25.9pts to 85.6, which was the worst since October 2020. The US fell 14 pts to 96.4, which again is a drop-off from a plateau its held since July. But the real killer came from European investors, with the index down 27.8pts to 67.6, which is lower than at any time during the pandemic.

In the last episode of Mills Knows Bills, Mills talked about how saving isn't your answer to financial freedom – but investing is! Today we explore how Investing allows you to beat inflation, increase your purchasing power, and allow money to work for you 24/7 tirelessly.  Mills also lays out an easy, how-to investment strategy by unpacking three easy steps that even inexperienced investors can use to begin their personal investment journey today!  Topic Include: How to Open an Investing Account The Importance of Sending Money Consistently Remembering to Actually Invest Deposited Money The Difference Between Acorn and Other Investing Platforms Official Mills Knows Bills Website: https://www.millsknowsbills.com Instagram: https://www.instagram.com/millsknowsbills Youtube: http://youtube.com/millsknowsbills TikTok: https://www.tiktok.com/@millsknowsbills?lang=en LinkedIn: http://www.linkedin.com/in/ameliabender Facebook: https://www.facebook.com/millsknowsbills Twitter: https://twitter.com/bendermills Pinterest: https://www.pinterest.com/millsknowsbills/_created/

Daffy Durairaj is the co-founder of Mango Markets and is currently working full time as a developer in service of the Mango DAO.00:28 - Origin Story04:44 - Seeing the order book10:20 - The idea behind creating Mango Markets15:38 - Going from creating smart contracts to creating Mango17:32 - How big is the DAO?20:01 - The Launch29:15 - VCs and the launch32:43 - Decentralization and getting stuff done34:55 - Will DAOs ever compete with big tech companies?40:43 - What's next for Mango Markets? Transcript:Anatoly (00:09):Hey folks, this is Anatoly and you're listening to the Solana Podcast, and today I have with me Daffy Durairaj, who is the co-founder of Mango Markets, so awesome to have you.Daffy (00:20):It's great to be here.Anatoly (00:22):So origin story, how'd you get into crypto? What made you build Mango Markets?Daffy (00:30):How did I get into crypto? So, I started off really not wanting to get into crypto. I was really interested in algorithm training. I did that in college and did some competitions that I did well in, and I wanted to trade equities, but it turns out if you have not enough money, if you have a few thousand dollars it's just not allowed. You're not allowed to algorithmically trade. There's a patent day trader rule, and I was infuriated and I was just looking around and I found Poloniex where you can do anything you want. The thing that actually hooked me first to Poloniex was the lending market because immediately as soon as I saw an open lending market, I was like, "Oh wow, I have to buy some bitcoin, and I have to lend it out." And, Poloniex was all bitcoin, and then it gradually got into just the meat of it, which was algorithmic trading and everything about crypto seemed exciting, but I actually didn't want to hold bitcoin. Poloniex was all bitcoin, but again, I think the government sort of pushed me in the right direction.I was like, "Okay, I don't want to hold bitcoin, I'll hedge off my risk on BitMEX, but again, not open to US persons, and so I was kind of reluctantly holding bitcoin and thinking, all right, I have a few thousand dollars if things go bad in this whole bitcoin thing. I'll come out okay. I'll get a job or whatever, but just never got a job, just kept holding bitcoin and continue to trade crypto, and I did that for about five years. Then, I wanted to actually start trading on chain because I thought this was probably for a lot of the reasons that you built Solana, the censorship resistance, and the global liquidity of it, and the openness of it, the fact that you're not excluding people that have a few thousand dollars. I wanted to build on chain and I was just not very bullish on a lot of things, so I kept going back to trading, and then I saw Serum DEX, and I was just hooked. I placed a trade and it felt totally natural and normal. It wasn't like $40 and takes 20 seconds and you don't know if it... And, then MetaMask was jammed and you're like, "Oh, but how do I cancel this?" So, that was a long-winded way of saying I was a trader and then I saw Serum DEX and then I had to start building the tools that would make Serum DEX even more fun.Anatoly (02:59):That's awesome. I got into it by trading. Basically, I set up like an Interactive Brokers IRA account, and that let me kind of bypass the rules.Daffy (03:11):Really?Anatoly (03:13):With a very small amount of money. I think they probably closed these loopholes already. I wrote a bunch of stuff on top of their Java STK and started trading there.Daffy (03:22):I remember I actually got started that way too. I did a bunch of stuff for their Java, and we can tell you we're both programmers. We wanted to build this money machine. It's so fascinating, and it's a machine that-Anatoly (03:40):It prints money.Daffy (03:40):It does things and it prints money. What more could you want? So, I got started with Interactive Brokers, but I guess the whole IRA thing... Because I was a college student, and so even talking to an accountant would take a huge dent out of my net worth.Anatoly (04:01):Totally, it's all really not designed for... The whole financial system in trading in the US is designed to funnel retail towards an app like E-Trade or Robinhood, which takes a cut, and then sells that trade to somebody else, who will take a cut, and then 10 other people until it gets an exchange, and that's how everybody's protecting their neck. They're all taking a little slice, and I think what's cool about crypto is that even centralized exchange like FTX is 1,000 times better and less extractive of the users than anything in traditional finance, simply because they can guarantee settlement. Such a very simple thing.Daffy (04:49):You feel it right from the beginning. You go to Poloniex in 2016, and it's like, oh, you have an email, you have deposited bitcoin, and now you're just lending to people. So, just talk about not being extractive. To see the order book through Interactive Brokers or Ameritrade or whatever costs you a lot of money and it costs them a lot of money to provide it, and I don't think I'd ever seen an order book. This was my passion, this is what I love to do, and I've never actually seen it.There's that story of the blind men who are touching this elephant, and so I had kind of figured out maybe what the order book looks like, but then on Poloniex, you go there and you just see the order book and you see all the lights flashing and you're like, "Oh, this is it. This is where the trades are happening." And, that's free, and of course, a big part of Mango Markets as well is you can see the order book. That's it, that is it, there's nothing more, and it's all on chain and all this stuff. So, in terms of not being extractive, it's a really big piece of what motivates people to come in.Anatoly (06:02):I don't know if you ever tried to get data, real data. I wanted timing information when a bid comes in or when an ask comes in versus when it's filled. How do I get access to it? Because when you get data from any of these places, basically it's like a little better than Yahoo Finance, which is like every five minutes they give you a low and a high.Daffy (06:27):I don't know, did you ever succeed at doing that in Interactive Brokers?Anatoly (06:32):No, I recorded some of it, but it just never had that fidelity and it always felt like a gamble. I'll build some models and sometimes stuff would work locally against my simulations, but then whenever I would actually try to run it, I'd see that fills take a little longer than they should and all this stuff really feels like you're not interacting directly with the trading system, that somebody when they see your order they're like, "Well, maybe I'll put my order ahead of yours or do whatever or slow you down a bit." It just sucks.Daffy (07:16):It feels very opaque, it's like a black box, and of course, this is all for people like me who are kind of looking on the outside looking in. So, if I had gotten a job at Citadel or somewhere, then I could probably see what's actually happening, but the fact that the vast majority of people are going to look at it and not really know it's actually happening, not everyone wants to see an order book. That's an important fact, but there are a large number of people who need it to be a little bit transparent to be involved.Anatoly (07:49):What I hate about it is that there's a lot of people that make a lot of money from you not seeing, that they're in the business of information assymetry and fuck them.Daffy (07:58):So, it's not a family friendly podcast, so it's good. I was going to ask that. So, there's a funny story on RuneScape. I don't know if you've ever played RuneScape.Anatoly (08:17):I played Ultima Online, which is I think similar vibes in the early days.Daffy (08:22):Yeah, so on RuneScape, just like on the point of no one being able to see anything, on RuneScape, also they had an order book because that's the most natural thing to do, and I actually had to figure it out from first principles. I would place a trade and I would see that sometimes it would get executed and sometimes it would not get executed, then I realized, okay, if I place a trade for these water runes or something or oak logs or something, and I put the price really high it gets executed at some price that's not the price that I said, and then I was able to form this concept of that's the asking price. I didn't even have the terminology for this, and then I did the same for set the price to zero for a trade and now I found the bid, and now I can make a lot of money actually underbidding the best asker and overbidding the best bid.Anatoly (09:18):So, you're market making.Daffy (09:20):Yeah, so it's funny, I was reminded because you said there's a lot of people who make a lot of money in you not knowing, and I was just minting money. It took me years to accumulate like 1 million gold pieces in RuneScape and then I was able to just 30X it in a month.Anatoly (09:46):Too bad RuneScape is not a crypto currency. Whoever is running RuneScape, you're missing a huge opportunity right now to just go full crypto.Daffy (10:00):There was some talk about some NFT or something on Twitter. Somebody was trying to encourage Jagex, the company, to get involved in crypto, and of course, I tried to signal boost it, but eventually everyone falls in line.Anatoly (10:17):How did you end up with the idea for Mango Markets?Daffy (10:21):So, I have to give credit to dYdX. It was like 2019 and I hadn't really considered that this was possible. I was heads down writing, trading algorithms and trading crypto just kind of holding all of my wealth in bitcoin and I was borderline bitcoin maxi on that, and just seeing dYdX do it in those early days... Now of course, they're way more successful now. Those early days seemed that you could do leverage trading on chain, and they kind of showed it as a proof of concept, which I just kind of started pacing back and forth like, oh my God, this is changing our worldview completely.Ethereum was slow and whatever, so years went by. Actually, maybe just like a year, and then I saw Serum DEX where I felt finally, okay, all the pieces are in play and also I wanted to market make on Serum DEX, but I really need leverage. I don't really need leverage, it just makes market making dramatically more efficient and safer. Leverage is just this tool that people who are involved in the financial plumbing really need, and it wasn't there. I was like, "Okay, this is the time and I have to learn how to code smart contracts," which sounds like a very scary and daunting task, but it was not that bad.Anatoly (11:54):The scary part was that you guys were building on a platform that was really rough around the edges at the time.Daffy (12:02):Well, no one told me that shit was really rough around the edges at the time. That was actually maybe important. You come in and there was nothing to do, this was August of 2020, things were not locked down necessarily here in the United States, but people kind of scattered. No one was hanging out in the major cities, they had kind of went to go live with their families, as did I. I fled San Francisco and went to the rural part of North Carolina. So, there was nothing going on and you just have all the time in the world and bitcoin is doing well, so that's funding you in a way.Bitcoin is this big, or crypto in general, it's all the people who bought it or own some crypto, as long as it's going up, it's kind of funding whatever zany side projects you have in mind. So, this is just a side project. Wouldn't it be cool if I could access this part of the world or this technology? And so, that's why chewing glass... You probably coined that term, I don't know, that's why chewing glass wasn't so hard because that pressure to... You have all the time in the world basically.Anatoly (13:30):Basically, COVID and lockdowns were so boring that chewing glass to learn how to code smart contracts with Solana was like a reprieve from the boredom.Daffy (13:45):And, I've heard you kind of say, okay, a bear market is when everyone is coding. To give the opposite perspective, I feel like a bull market, unlike much more chill, oh yeah, nothing really matters. Crypto is going up, it doesn't matter what I do. The rent is going to be paid for, everything is going to be fine, might as well engage in high variance new ideas, new projects. In a bear market, I'm very I got to grind, I got to squeeze out a couple of more bips out of this trading algorithm because I got to pay rent. So, that's the bullish case on bull markets.Anatoly (14:30):That you can try something crazy. That is the point where people enter this space is in a bull market. It's that they kind of start coming in droves because they're like, "Everything is crazy and I can also be part of the party." But, it's hard as a founder to stay focused because you are in that high variance, high risk taking kind of mindset.Daffy (14:58):There's a trade off of during a bull market there's a lot of things looking for your attention, and a bear market is very calm, or it can be. If you built up a lot of liabilities during the bull market, now you have to stay afloat during the bear market. Maybe it's calm in the external world, but internally it's not calm. You're like, "I got to do X, Y, and Z today every day." There's that natural pressure.Anatoly (15:32):So, you decided to learn coding on smart contracts on Solana. How did you end up going from there into Mango?Daffy (15:39):Initially, it was called Leverum. Not it, there was just an idea and there was a command line tool where you could... The YouTube video might still be out there, and Max was out there somewhere on the internet and he saw it and he thought it was a great idea. And so, he reached out to me and we did some other things like speculative about a prediction market, and then we were like, "Okay, no one is going to build margin trading." A lot of people are saying it, but it doesn't look like if we just wait it's just going to happen in the next couple of weeks or something. It's probably we just have to build it.Not we just have to, but we totally should. This is clearly a very important piece of the Solana ecosystem. So, we started building it. Mango was just we were thinking alliteration is good. Everybody loves mangoes, it's a fruit that I have never heard of anybody who doesn't like mangoes. It's probably the high sugar content and Mango Margin was the idea, but then we got the domain Mango.Markets. It's kind of evolved now. When you're starting off with something, you have kind of a narrow scope. You're like, "I just want to be able to borrow money." And now, there's this Mango DAO and people are talking about NFTs and drones. I'm talking about drones. I don't know if anybody else is, but it's just gone way higher and now I'm like, "I'm a humble servant of the Mango DAO." And, that's totally a normal thing to say.Anatoly (17:27):How big is the DAO?Daffy (17:28):How big is the DAO? That's a good question.Anatoly (17:30):In humansDaffy (17:31):That's like a philosophical question. In human terms, wow, again, even still a philosophical question. So, I think if you go to MNGO token, if you go to the Solana explorer and just type in mango or MNG or something, you can probably... I don't know if they have a list of unique token addresses, so in some sense that's the DAO, but in terms of the number of people who actively post on the forums and make proposals, that's much smaller. I'm guessing there's thousands of people who have votes, but the number of people who make proposals and add meaningful commentary on the forums is maybe 20 people, and it's expanding pretty quickly.I always see new people coming in. There's also not just people, there's the wealth of the DAO and the cultural reach of the DAO, the spiritual significance of the DAO, all of those seem like size if you ask how big is the DAO. You interviewed Balaji Srinivasan, and there's this idea that he had on Twitter that was like a DAO should buy land in Wyoming and send a drone to circle it and this is kind of like a moon landing sort of kind of thing or some kind of significant breakthrough where the DAO is controlling physical objects in the real world. So, this is very exciting to me, but it has nothing to do with margin trading, it's just something exciting that maybe in a bear market, I don't know, I'll push to get this done.Anatoly (19:23):Do you want the control to happen on chain?Daffy (19:25):Yeah, I think that's necessary. Maybe not the total control, but some kind of signal that distance... So, you can kind of think of Congress authorizes a certain thing and then the executive branch does it. If we could make that link be as automated as possible, I think there's something useful there, at the very least something exciting and interesting, kind of like the moon landing where maybe there wasn't anything useful, but it was inspiring for sure.Anatoly (20:02):So, the DAO, if you guys decided you want to do something with leverage and lending, and how you guys launched was really unique. I don't even know if people did this in Ethereum. To me, this is the first time anyone's kind of done this style of launch. Can you talk about the design and how you guys thought of it and what let you make those choices?Daffy (20:25):So, people early to Solana may be familiar with the Mango market caps and how that went, which somewhat argues the first NFT on Solana, and that was done pretty much sort of like how NFTs are typically done where there's a mad rush to grab the caps as soon as possible and the price is swinging wildly and there's a lot of people. Now, I think we put that together as an April Fool's kind of thing, very quickly, and so it was great for what it did, but the experience from that was, okay, there's going to be a lot of angry people. If you do it in this way where the DAO is raising funds, and this is the inception of the DAO, the DAO is raising funds for insurance fund, you probably don't want it to just be distributed to the people who were the fastest to click.And, that was the idea. We probably don't want that. It doesn't seem useful, it seems like a lot of angry people, and a lot of frustrated people. So okay, so you take out the time component, you take out the luck component, and then you're left with you kind of have this sort of auction that lasts 24 hours, but then what if X somebody comes at the last moment and dumps in a huge amount of money and raises the price for everyone? Everyone gets the same price. So, our design was we'll have a withdrawal period or a grace period at the end, the remaining 24 hours where if you kind of don't like the price, you can bail out. It had some flaws and I think we knew about those flaws from the beginning. We were like, "Okay, we just pushed to this game of chicken to a later point where someone can put in a lot of money to scare other people away and then they pull out at the last second. And that did happen, but it's not clear if that was net positive or net negative.Anatoly (22:28):And kind of in summary, there's this 24 hour period where people deposit funds in for a fixed supply of tokens.Daffy (22:36):Correct.Anatoly (22:37):And, then the period is over, and now everybody knows what the total amount in the pot is for the token and there's kind of this price that's created and then if you don't like the price, you can withdraw the entire bid or as much as you want. You can only reduce your bid.Daffy (22:54):Correct.Anatoly (22:54):But, you don't need to withdraw the entire bid, you can just reduce it.Daffy (22:57):Correct, yep.Anatoly (22:58):So, then that pushes the average price down at the same time, so for every dollar you take out, you kind of get a better price per token.Daffy (23:07):And, you see the price ticking up during the first 24 hours as more and more people are putting money in and then the price ticking down over the next 24 hours.Anatoly (23:19):I'm a huge fan of this setup because it creates a lot of... There was news, you guys made the news because it was almost half of all of USDC that was minted on Solana ended up in that smart contract. It was like 45% of it.Daffy (23:43):I remember actually because we saw the USDC on Solana was 700 million the days before and then it had climbed up to like 1.1 billion or I don't know what the number was at the end, and there was 500 million in the contract at the end of the first 24 hours. That was not the intention.Anatoly (24:05):It's like it was minted.Daffy (24:05):And honestly, I think you could appreciate it better from the outside than from my point of view for sure, and of course, I also could appreciate it better from the time distance, but that was not expected. We kind of knew that there would be a lot of money placed in the beginning and then money would go down. That was in all the documentation that we wrote, and that was expected and we had all these dev calls where everyone was always talking about it, and I was like, "Okay, come on. Literally, there isn't that much USDC in Solana." So, it can't be that bad, but of course, I underrated the possibility that someone could just mint a whole bunch of new USDC and bring it in from somewhere else. It made the news and a couple of other projects did the same thing, and I wonder if maybe it's a one time kind of thing. The game only works once. You can't expect to scare people every time or use the tactic every time.Anatoly (25:10):Maybe, I think a lot to be said, but there was no other way to go. Mango took it all, so there was no private round, they were never listed anywhere. This was really the only way to get it, and the anticipation of a project that was awesome, and from every other perspective is... What I always tell founders is that you should always raise the least amount for the highest price. The VCs kind of have more power than you usually because they have more information, they look at many deals, people come to them, they have the money, but it's sometimes the founders have this asymmetry where they're the only ones without equity. They're the only ones without tokens and that moment is if you can get everybody at the same time to compete for that thing, then you've kind of created the symmetry there and you maximize the capital raise for the DAO, for the project, for the community, and therefore that actually is a good thing. You have more resources to build a vision.Daffy (26:16):Although, I'll clarify, I think the DAO is still handing out a lot of tokens, so there's still a lot of ways to acquire Mango tokens, and that was kind of the inception for the insurance fund. The DAO has been paying people out of the insurance fund, and so it's been useful, but there's still more tokens to be had. There is a slight private rounds and I totally understand why people do them, but like I said earlier, if you are in crypto for a while, and this the cool thing about bull markets, I don't actually need money, I just need to pay rent and bitcoin has gone up 50%, so I'm solid.And, no one was paid anything. There was just Mango tokens that were given to people and they were told the DAO values your contribution or this is the inception of the DAO, and everyone worked to build this thing. People worked without even the Mango tokens and sort of the tokens were given after the fact. I think it's a valuable way to build crypto projects actually.Anatoly (27:30):I want more teams to try to totally from genesis this DAO first approach, but it's really tough because you guys had such a principled view on how things should be done and there's a lot of people out there that are offering money for that one thing. How did you guys have the discipline to just go stick with this?Daffy (27:54):We had a lot of discussions about all these things. We talked to VCs and we still do and we like all VCs actually. So, I think Satoshi, I'm not trying to draw a comparison to us to Satoshi or anything, but there is this beauty in that story and I think there's a lot, maybe even the majority of bitcoin's value at least to me... To me, I just love the narrative. I love the story of Satoshi, the pseudonymous founder who is one of the richest people on the planet right now. Obviously, they're in a no VCs. This person wanted to not make a big fuss. It was kind of like this clockmaker prophetic person who just came and then left, built this thing and then left, and that's such an amazing story.There are these long, long payoffs. Maybe they take a while, but they definitely do pay off that if you're not hurting for rent, again, I was in a position, all the other Mango devs were in this position as well where it was a bull market, we're not getting eviction notices or something, we could kind of float the boat for a while. Just consider the longterm payoffs, consider the five year payoffs. Stories are amazing.Anatoly (29:17):The weirdest thing is that every good VC will tell you that you should maximize for the highest return. Don't worry about the middle exit, or don't compromise. Actually, imagine you're taking over the world, what are the steps to get there? And, the risk don't matter. Actually maximize for the high and this is the irony here is that I think this kind of fair launch, most distribution will probably result in overall longterm, better, and higher returns, but the risks that I always find is that humans are hard to organize and at the same time, cryptography is this new tool for organization.It is what allows us to massively scale agreement and complex problems, really, really complicated problems. We can just click a button and vote and agree on that one and you know. You know that the decision was made, but I'm curious, do you see tension between the decentralization, kind of the disorganization of the DAO and getting shit done? I've got to build stuff.Daffy (30:34):No, 100% actually, on a daily basis actually. There was a podcast with the guy on Twitter that goes by Austerity Sucks and this was back in April. We talked about this and he brought up a similar point and he was, "Yeah, this DAO thing, it's all a fine and dandy idea, but do you think this will work?" And I, to be honest with you, am skeptical, however it is always felt to me sort of a high variance idea, kind of like if you were in the 16th century Netherlands or the 17th century Netherlands and you were like, "Okay, we've got to get spices from India. How do we do it?"And, you come up with a joint stock corporation and then the join stock corporation is everywhere and I don't think anyone has really figured out how to do DAOs well or what's the right mix, how do we communicate, how do we coordinate, all those things. I don't think anyone's quite figured it out yet. No one had figured it out like six months ago. I still don't think we have figured it out, but if it works, the payoff is enormous. There is global coordination, there isn't a jurisdiction. I imagine the DAO is controlling drones one day. It could be wild. So, even taking into account all of my skepticism, I was still like, "Okay, we should do the DAO idea." Anyway, not just me, Max is totally on board with this and Tyler and all the other people who kind of built Mango Markets. But on a day to day basis, as of October 2021, now I'm thinking, okay, maybe what we need to do is have small teams that build things and then pitch it in front of the DAO and get compensation. So, the DAO is kind of the government and it subcontracts out to people. Maybe not like direct democracy rules everything and we'll try that out and if that doesn't work, we'll try something else out, but try new stuff out quickly.Anatoly (32:45):That's awesome. This is actually a really good strategy to incentivize product development. Building an MVP, which means you're the PM, and the implementer, the dev, and you go do all the work and here's your management. It's all done, just give me money.Daffy (33:09):And, there's some maintenance tasks, so it's not purely new products, so I'm thinking Mango V4, but also in the meantime, there are all these nodes that need to be paid for.Anatoly (33:24):I think you guys will need to split. We called it KTLO, keeping the lights on work. You for six months, you're on KTLO duty, and you get paid a salary effectively, and you just got to keep the lights on, but then some other folks are like, "Go build something that you can propose to the DAO and the DAO will fund it."Daffy (33:49):I think that's basically what we have coalesced on is that, well, some people should be doing KTLO and other people should be doing new things, building the new product, and it takes kind of the risk out. The DAO doesn't have to pay for whatever stuff that I produce for Mango V4, but we both have some kind of incentive to be honest about it. If it's clearly a huge improvement or even a very substantial improvement, DAO should pay me something because if the DAO doesn't, then you can expect future builders to not go for it. And, we have these discussions on the forums.People make good arguments like this. I think the average IQ in the Mango Markets forums is very high. I think probably higher than most legislative bodies. I'm just going to go out on a limb and just say that. Not ours of course, ours is obviously very high IQ, smart people in our government, but you know.Anatoly (34:55):Do you believe five years there's going to be a 30,000 person DAO. Imagine a tech company, 30,000 engineers, or 30,000 people, they got product managers, teams, layers of bullshit. Is there going to be a DAO that's competing with a big tech company?Daffy (35:16):It's legitimately really hard to figure out how this might look. The reason why I hesitate so much with the question of a 30,000 person DAO is I'm not sure it'll look exactly like a corporation that we can say, okay, these are these 30,000 people. You might never be able to figure out who is part of the DAO and maybe that's one of the benefits of the DAO. If I asked you, how many people are part of Solana, not Solana Labs, but Solana the community? It's a little bit difficult to even answer, lots of people, various levels of involvement, and financial. Some people have a lot of financial stake until you don't, but some people have a lot of financial stake and no involvement at all. It's wild all over the place. Does Bitcoin look like a country or a corporation? I can even point my finger on what it is.Anatoly (36:20):So, even LINE had a battle that had 8,000 people all coordinating over something and I think they have corporations within that game that are maybe probably span up to 1,000 I'd imagine. So, that's people organizing using tech for a common goal without a job, without a structure that you normally have at a company. Linux was built by people organizing online. I think as soon as you have something to lose and in Linux and even LINE you start building up a virtual token, your reputation is a contributor to this thing and becomes a thing that we don't normally think of as valuable in a monetary way, but it's valuable to that person, but I definitely care about my ability to continue contributing to an open source project. So, where tokens I think can get there is if there is something of value being created by the community, some common goal that everyone is working on and that token is in the middle of it and is uniting and organizing it. I think that could scale as large as a corporation.Daffy (37:45):No, I agree with you. I just think it'll always be a little bit hard to figure out how many or who is involved, just by the nature of it. I just think it'll be always a little bit hard to figure out, but will 30,000 people be building on Mango or some DAO? You already know the numbers better, but we might even be approaching that with Solana. So, I'm not part of Solana Labs or affiliated with Solana in any way, but building on Solana, and also I have a financial incentive too, but also I have a reputation incentive and it feel like I'm part of the Solana corps or whatever it is, but I don't know what it is. It doesn't even exist. It's not even a DAO. There isn't even a DAO there.Anatoly (38:39):Oddly enough, I feel the same way about Eth and bitcoin even is that we're competing with them.Daffy (38:50):But, it all feels like we're actually kind of a part of the same team and-Anatoly (38:54):This is the weird part that I think is going to be really interesting how it plays out because I don't think it's obvious to anybody what is crypto. Is it the token? Is it the coin? Is it the network? Is it the cryptography itself?Daffy (39:10):It's not the cryptography itself, so we can strike that one out.Anatoly (39:14):Are you so sure? I think it's honestly the power that a person has to be able to make these very concrete statements that are unbreakable no matter how... That's the math. The math behind it is what allows them to do them.Daffy (39:36):I don't totally know the cryptography itself. I know basic 101 number theory stuff, but I remember going through my first programming class and coming up feeling just very powerful. I'd write stuff down and then it happens. Kind of like a king, actually, more powerful than a king in a lot of ways because I was writing these training algorithms and it was happening around the world in ways that probably a medieval king couldn't imagine and crypto brings that to finance where things of actual value can be moved.Mango Markets exists and you can go there and place a trade right now, but it was just somebody who wrote it. I was involved based on you can see the GitHub contributions, but it was just people who wrote it and that's probably... We can maybe chalk that up to the cryptography.Anatoly (40:43):So, what's next for you guys?Daffy (40:46):There's drones on the horizon. Yes, sometime in the future, but we have to do a lot of the nitty-gritty, roll up your sleeves kind of work. On Solana so far, there isn't... Maybe a lot of projects are struggling with this, indexing all the data and providing it for people in a usable way because there's just so many transactions. It turns out if transaction fees are really low, people just make a lot of transactions and they don't think about it.And so, gathering it up and displaying it in a useful format to people, that's a very immediate term and then slightly medium term is sort of becoming the place where everyone does leverage trading and does borrow and lending, all the crypto natives. And then of course in the longterm, I would say it's somebody like my mom should be able to store her money in Mango Markets and not think twice about it. It's not a good idea right now I wouldn't say, but that's the goal. That involves a lot more social things than just technological things. That's get it to a level where she can do it safely and feel comfortable and manage her keys, or even if she's not managing her keys, have a solution for how the keys might be managed, that she's not falling for scams, and that's I would say my longterm goal.Anatoly (42:09):That's awesome, man. On that note, man, really awesome to have you on the podcast. Great conversation. I'm always excited about what you guys are doing and how the community is building this ecosystem of its own, so really amazing. It's serendipity that you guys started going on Solana, just really lucky to have folks like you in the ecosystem.Daffy (42:35):Thanks a lot. It means a lot. This was really fun.

Growing up on a dairy farm in Minnesota, Lea Stendahl wasn't quite sure what she wanted to do in life.  Having gained some digital knowledge during an internship in high school, Lea found her way in the early days of digitizing services and products when she volunteered to help bring the bank where she was working online.  This experience, coupled with her love of marketing, paved the way to Lea's 20+ years in digital finance and was the foray into becoming an award winning and widely recognized leader in marketing and tech today.  As EVP and Chief Marketing Officer for Suffolk, a revolutionary construction company, Lea is responsible for defining and implementing a strategic marketing vision aligned with the company's ambitious growth goals. She has led the transformation of Suffolk's marketing function by creating and executing an integrated, diverse marketing strategy that encompasses innovative branding, media, communications, digital marketing and promotional strategies.  Before Suffolk Lea was the CMO at E*TRADE where she defined and drove the brand and marketing initiatives through innovative campaigns, positioning the organization as the undisputed source for digital investing and training.  Under her leadership, E*TRADE deployed a fresh bold marketing and advertising approach that rejuvenated the iconic brand and earned a Gold Effie Award.  Prior to her CMO role at E*TRADE, Lea was a managing director of brand and marketing communications for td Ameritrade.  She is a member of Tech NYC which is an engaged network of strategic tech and business leaders working to foster a dynamic, diverse and creative New York.  Lea has been recognized for her marketing and branding vision and leadership and was recently named to Ad Week's 50 most indispensable media marketing and tech players.     What You Will Hear in This Episode Lea's origin story Lea's first job and first opportunity to apply her digital knowledge Women in marketing vs Women in leadership in marketing. Obstacles and the challenges of career change. Developing her own narrative and leveraging her points of difference. Humility, self awareness, listening and winning hearts and minds. Being a different voice and opinion in the room. Tips on building a successful career in a male dominated space. Personal professional brand and value proposition. Attracting, retaining and advancing more women in the construction industry. Quotes: “Everyday, I'm still learning and finding my way.” “I was extremely purposeful in transitioning my brand.” “Sometimes being a little bit different voice in the room can actually be an advantage as people instantly pay attention to something different.” “Become the Chief Marketing Officer of yourself” “Seek self reflection and an unbiased view of your own professional brand.” “Self perception vs others perception can sometimes be greatly at odds.” Mentioned: Rebuildtheratio.com Not Done Yet! Not Done Yet! Amazon Bonniemarcusleadership.com Iammusicgroup.com The Politics of Promotion  

"Resilience is the ability to fight through the tough times and see opportunity.."  Having a chance to talk with Fred Tomczyk, a Canadian business leader is truly a gift. Fred was a Senior Vice-President at London Life when he was 32 and rose to be CEO. He was Vice-Chair of TD Bank and CEO of Ameritrade in New York City arriving at that job just in time for the 2008 financial crises. Fred shares insights from his stellar career. He provides advice for people growing in their career and  has interesting things to say about change management. More on Ford Keast Human Resources can be found here: https://www.fordkeast.com/services/human-resource-consulting/& for all the podcast and YouTube information visit our website: https://www.career-resilience.com/ If you enjoyed this podcast or our YouTube video and need support in your own career resilience please do get in contact with Jann at HR@fordkeasthrc.ca We would love to hear from you!Want to show your support? Subscribe and leave a review! It means a lot!   Thank you Jann Danyluk, Career Resilience. 

Episode 53 highlights: - Mike Anderson, Managing Director, Bridgepoint Investment Banking and former President of Ameritrade returns - What a selling owner needs to focus on - Three C's: Capital, Control, Continuity - When an owner IS the business - Buyer's motivations Mike Anderson's contact information is available on our website at value-ability.com/content. 00:00 Introduction 02:08 How to Sell a Business 51:27 Wrap Up 54:46 Disclaimer

Episode 52 highlights: - Guest Mike Anderson, Managing Director, Bridgepoint Investment Banking and former President of Ameritrade - “Investment Banking” is neither investing nor banking - Industry Definitions - Sources of Capital - Role of Financial Advisors Mike Anderson's contact information is available on our website at value-ability.com/content. 00:00 Introduction 03:03 How to Sell a Business 47:45 Wrap Up 49:42 Disclaimer

Business executives using data to drive decisions has only gone from 10% to 13% over a period of 20 years. The reason for such a small shift is that the key business people are still not brought up to speed on how focusing on data could improve EBITDA and other business metrics significantly. One of the ways that can be done is by creating a role of a data economist whose job is to create an economic model of a data initiative. Keyur Desai, former CDO of Ameritrade, became a CDO when the job was ill defined and focused more on the data governance aspects. In more recent times, the role of CDO has expanded and included even data science functions. Keyur's prescription for a successful data strategy is to identify key business drivers and align data strategy to the business strategy that delivers those metrics.

Business executives using data to drive decisions has only gone from 10% to 13% over a period of 20 years. The reason for such a small shift is that the key business people are still not brought up to speed on how focusing on data could improve EBITDA and other business metrics significantly. One of the ways that can be done is by creating a role of a data economist whose job is to create an economic model of a data initiative. Keyur Desai, former CDO of Ameritrade, became a CDO when the job was ill defined and focused more on the data governance aspects. In more recent times, the role of CDO has expanded and included even data science functions. Keyur’s prescription for a successful data strategy is to identify key business drivers and align data strategy to the business strategy that delivers those metrics.

In deze aflevering een extra dikke laag buy the dipsaus die van je vers aangeschafte satoshi's afdruipt. Verder nog veel van het volgende: An Introduction to Cryptography https://github.com/JWBurgers/An_Introduction_to_Cryptography https://github.com/JWBurgers/Technology_Primers Bitcoins, blockchains, and botnets https://blogs.akamai.com/sitr/2021/02/bitcoins-blockchains-and-botnets.html The Bitcoin Block Chain is helping keep a botnet from being taken down https://blogs.akamai.com/sitr/2021/02/bitcoins-blockchains-and-botnets.html Raging success of first Bitcoin fund shows who leads ETF market https://www.bloomberg.com/news/articles/2021-02-21/raging-success-of-first-bitcoin-fund-shows-who-leads-etf-market North America’s first Bitcoin ETF captures a flurry of trading on debut Joshua Oliver (February 18, 2021) https://www.ft.com/content/d4c6bc33-97d9-4cef-82db-e8c0c1e6fc20 Former head of digital assets Ameritrade is now the Fed’s chief innovation officer https://www.theblockcrypto.com/linked/95692/digital-assets-td-ameritrade-fed-chief-innovation-officer NY AG’s $850M probe of Bitfinex Tether ends in an $18.5M settlement https://www.coindesk.com/ny-ags-850m-probe-of-bitfinex-tether-ends-in-an-18-5m-settlement Tether and Bitfinex reach settlement with New York Attorney General’s office https://tether.to/tether-and-bitfinex-reach-settlement-with-new-york-attorney-generals-office/ REKT! https://rekt.nl/ Square Quarterly Q42020 Earnings bitcoin https://www.sec.gov/Archives/edgar/data/1512673/000119312521052320/d128971dex991.htm Recently I stumbled across what I now sincerely believe is Satoshi's Twitter account https://offthetrack.substack.com/p/satoshis-anonymous-twitter-account Leestips: - De Nederlandse vertaling van De Bitcoin Standaard (Boris) - (voorverkoop) Het Kleine Bitcoin boekje van o.a. Jimmy Song. Bestel met 10% korting op https://konsensus.network/?ref=45​​​ met kortingscode: GKBORIS Mastering Bitcoin (Jan) https://pdfstop.com/mastering-bitcoin​​​... Grokking Bitcoin 35% korting met code: poddebit21 Op https://www.manning.com/​​​ De Bitcoin Show wordt mede mogelijk gemaakt door https://www.bitonic.nl​​​ Chat mee op https://t.me/debitcoinshow​​​ Volg ons op https://www.twitter.com/debitcoinshow​​ #Bitcoin #BTC #Finance

Today's guest is the amazing Jim Conroy, commercial, animation, and game voice actor, commercial actor, film and tv actor, voice of Ameritrade, and many other brands over the 20 years he's been doing this, not to mention dozens of celebrity impersonations on Celebrity Death Match. He's known for appearing on television shows, such as Celebrity Deathmatch, Kenny the Shark and Fetch! with Ruff Ruffman, as well as numerous radio commercials and video games. He has worked for WGBH, The Walt Disney Company and Discovery Channel. He's been in Curious George, Ice Age: Continental Drift, Grand Theft Autio IV & V, Star Wars: The Old Republic, and many more.

M1 Finance transformed Jonathan's ideas about how simple complexity could be and has quickly become his favorite investing platform, especially for taxable accounts. Brian Barnes investing story begins at the age of 10 when his parents exposed him to trading stock in a brokerage account with Ameritrade. He was captivated by the notion of investing and the intellectual puzzle of how a company was doing. His parents laid a general foundation of financial independence and security. Once basics were covered, they placed value on putting money someplace where it could accrue value, compound, and become ownership is something valuable. Getting started at the tail end of the Dot Com bust, it was a great time to be buying when prices were low and companies were valued cheaply. Brian says there is a big difference between traders and investors. Traders speculate on price and try to make money on short-term movements. Investors buy ownership in companies, asset classes, or industries to accrue value over long periods of time. When you aren't making frequent investment decisions, it becomes more about viewing your portfolio in totality and making a decision on what to do with the extra money you have leftover from your paycheck. In the trading world, you have to go in and make the same decisions to buy the same securities over and over again, but with M1, you can make the decision once and let the software automate the process. With day trading, you can't just be right once, you need to be right over and over and over again, constantly timing the market perfectly. It's difficult to predict costs even when commissions are free and it's tax-inefficient. With an investing mindset, you want to own over long periods to accrue value and generate cash flows. At the age of 25, Brian realized investing platforms hadn't changed in 15 years. He looked at consumer applications work that sought to make things simpler, more intuitive, and automated wondering why there hadn't been progress in the financial services world. He thought it would be nice if he could tell a software platform the portfolio he wanted to own, and anytime he had money, he could throw it into the platform and it just went to work. He wanted to deploy all of the money by purchasing fractional shares so there wasn't any cash drag. And finally, incredibly low fees with no commissions. As M1 has expanded, it's grown from his “wouldn't it be nice” idea to other areas like borrowing and spending, allowing users to have one financial institution instead of needing to use multiple apps. M1's philosophy is that a great product allows you to do complex things simply. What they allow customers to do is determine what share of their portfolio they want in any given investment and then the software handles the complex and mundane administrative work. It used to be that you had to buy lots of 100 shares. It was a big step forward to be able to purchase odd lots of shares. Being able to purchase fractional shares with M1 is transformational. They do this by purchasing in whole shares and adding the leftover fractions to their own inventory account. It makes it easier for the customer to deploy more money consistently and have a diversified portfolio. M1 is a commission-free platform. Traditional brokerages made 10-35% of their money from commissions. Through technology development, the cost to trade is only an electronic message. Though not free, on a per-transaction basis, it can be no-cost to the user. M1 can make money monetizing the assets held on their platform so by being efficient, they don't need to charge transaction fees, making it a win-win arrangement. M1 is not good for day traders. It's suited for systematic investing in the portfolio of your choosing. Their trade windows occur twice a day and aggregate all orders on behalf of their customers once in the morning and once in the afternoon. While you can invest money every day through M1, a good financial habit to establish is to invest the extra cash you have leftover from your paycheck every two weeks. M1 allows for that to be automated. Portfolio management in M1 orients itself around a pie concept. At the highest level, the pie is 100% of your portfolio. You can then begin to divide up the pie into slices based on what percentage of your portfolio you want in specific investments. The slices can then become their own pies. It allows for a diversified portfolio, controlling risk exposure, without the risk of becoming overconcentrated. In M1 you can rebalance your portfolio in the next trading window with the one-click button although that method is tax-inefficient. Instead, additional contributions will automatically work to rebalance your portfolio with your pies without causing taxable events. With investing, taxes are going to be your biggest fees. Minimizing taxes controls costs and maximizes long-term success. With M1's dynamic rebalancing, it tries to minimize the sale of securities with tax consequences to push taxes out as far as possible and let your money have more time to compound. Brian is a fan of Vanguard and what they have to prioritize the individual investor. The difference between M1 and Vanguard is that you can buy Vanguard ETFs with M1, but Vanguard has a mediocre brokerage to buy other securities. Compared to Vanguard, M1 offers a more robust and comprehensive personal financial platform, such as a line of credit against your securities with rates as low as 2%. M1 also has a high-yield checking account earning 1% plus 1% on debit card purchases. The smart transfer tool allows you to set parameters and have money automatically move in and out of accounts accordingly. M1 wants to be a personal finance platform where you can manage your money holistically. They just launched custodial accounts which are available with the M1 Plus membership for $125 a year which has additional benefits across Invest, Borrow, and Spend. M1 is offering a promotion to get one year of M1 Plus for free. In the last few weeks, ChooseFI CEO Ed has been migrating assets from other platforms to M1. While Brad already has an M1 account, this conversation with Brian has helped him realize what he has been missing out on. Jonathan wanted to note that with the smart transfer rules, the decumulation phase can now be as easy as the accumulation phase. Previously, Jonathan was going to get a HELOC. When he stumbled upon M1 Borrow, he realized that it was a margin loan much in the same way that a HELOC is a loan against your home. Borrow can be a liquidity tool, giving you access to 30% of your investments as an emergency fund. It gives you an incentive to build an emergency fund and keep it invested. Brian says you should be able to have a line of credit against a liquid investment portfolio at really low-interest rates. The goal for M1 Finance as the finance super app is for people to come to M1 to manage their finances, not a component of their money, as well as provide the same level of capability that a high-price team optimizing every aspect of your finances could in a self-serve product. You won't find VTSAX on M1. VTSAX is a mutual fund and M1 does not have mutual funds. What it does have are ETFs which are identical versions of mutual funds. VTI is the ETF version of VTSAX on the M1 platform. M1 also has Paul Merriman pies for anyone interested in his ultimate buy and hold portfolio. For those in the decumulation phase, M1 has IRAs, taxable accounts, and 401Ks that may be rollover into IRAs which can be set up as smart accounts using dynamic rebalancing and withdraw money in the most tax-efficient manner possible. Resources Mentioned In Today's Conversation M1 Finance-Completely Free Automated Investing! If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy.  Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence.

Join Ben, Billy, Scoot, & Asterios as they take a look at the recent trading scandal to hit Wallstreet! Investment firms like Robinhood, Ameritrade, & Schwab halt all buys on stocks that have recently seen major growth in opposition to large hedge funds that are betting on their failure. All that and more tonight! Visit Tonight's Sponsor for 20% off your order by using the code: peasants at checkout! http://www.mackweldon.com/peasants FB Group: https://www.facebook.com/groups/DrunkenPeasantsFanClub GET A NEW COLOR BENPAI FIGURE! https://redring.ca/ols/products/benpai001/v/BEN001 SUPPORT US: https://patreon.com/DP https://bit.ly/BraveAppDP https://bit.ly/BenBillyMerch https://streamlabs.com/drunkenpeasants https://youtube.com/DrunkenPeasants/join https://subscribestar.com/DrunkenPeasants PODSURVEY: https://podsurvey.com/peasants SOCIAL MEDIA: https://discord.gg/2fnWTbE https://fb.com/DrunkenPeasants https://twitch.tv/DrunkenPeasants https://twitter.com/DrunkenPeasants https://soundcloud.com/DrunkenPeasants https://podcasts.apple.com/us/podcast/the-drunken-peasants-podcast/id1013248653 https://open.spotify.com/show/6eulbMV0APnJ5yNR8Jc3IM https://bit.ly/SticherDrunkenPeasants https://bit.ly/DPUnderground http://bit.ly/DPTAPCalendar drunkenpeasantsinbox@gmail.com BENPAI: https://bit.ly/BenpaiYT https://twitter.com/DrunkenBenpai https://fb.com/DrunkenBenpai BILLY THE FRIDGE: https://youtube.com/Overweight https://twitter.com/BillyTheFridge https://instagram.com/BillyTheFridge PO BOX: The Drunken Peasants 1100 Bellevue Way NE Ste 8A #422 Bellevue, WA 98004 Be sure to put the name on the package you send as "The Drunken Peasants". If you would like to send something to a certain peasant, include a note inside the package with what goes to who. SPECIAL THANKS: https://twitter.com/GFIX_ https://twitter.com/SYNJE_Grafx https://twitter.com/MarshalManson https://berserkyd.bandcamp.com https://youtube.com/channel/UC9BV1g_9Iq67_yCyj5AX_4Q DISCLAIMER: The views and opinions expressed on our show by hosts, guests, or viewers, are their own and do not necessarily reflect those of Drunken Peasants. #Robinhood #AMC #GameStop See omnystudio.com/listener for privacy information.

✅ Please like, subscribe & comment if you enjoyed - it helps a lot! Link to FTX where you can still buy GME: https://ftx.com/#a=StartHere Will Wallstreetbets bankrupt Melvin Capital with Gamestop? This is one of the greatest business stories I've ever witnessed. For those who don't know Wallstreetbets is a subreddit which is dedicated to proudly “treating the stock market as a casino”. Now last year one user, we'll call him DFValue found out that a lot of hedge funds had short sold Gamestop, a struggling retailer of video games. The short interest was huge, over 100% which means more shares had been sold in the company through derivatives than actually exist. He buys a large amount of call options and starts posting about it on /r/wallstreetbets. A series of events including a new board member and a pivot towards building their online presence created some momentum. The stock was trading below $5 in August and starts to rise to around $18 at the beginning of 2021. As the share price starts to go up the hedge funds that shorted it start to lose money. Then things go from bad to worse for the hedge funds. Wallstreetbets users start piling in buying stocks and call options adding fuel to the fire. One particularly exposed hedge fund, Melvin Capital had previously boasted about shorting Tesla, Elon pipes up with a single tweet gamestonks and everything goes into ludicrous mode. The problem is that they sold so much stock there isn't enough sellers for them to buy it back at a reasonable price quick enough to cover their position. The share price goes through the roof and is trading at over $100. Melvin Capital has now lost more money on paper than it has. The worlds largest market maker Citadel provides a billion dollar bailout which doesn't last long. Citadel also has large influence on the brokers where they purchase order-flow. Today Robinhood, Interactive Brokers and Ameritrade all block the purchase of Gamestop shares. They are still allowing users to sell them and close positions but not purchase. You can imagine how the wallstreetbets users reacted, many of whom use Robinhood. Some of the biggest Wallstreet firms are opening themselves up to litigation with what is blatant unethical market manipulation. The fall out from this and knock on effects could be the most devastating since the fall of Lehman brothers in 2008. Tomorrow a large amount of call options expire and there isn't enough liquidity. Short interest is still over 100% and the stock is flying. The big question is will Wallstreetbets users and anyone else that's jumped on the trend sell and at what price? So I did what any spectator would do in this situation, picked up some popcorn & YOLO'd in. At this point it's not a financial investment it's a donation to the cause. There's zero chance I'm going to make any financial gains but at least I'll be able to tell my Grand kids about this one day. I went on FTX (link in the description) and opened up a small margin position on GME/USD. I know I'll never profit from it because... I'm not fucking selling. It can get liquidated as and when the wallstreetbets users see fit. I love a good underdog story and this has brightened up a cold wintery lockdown. To those taking on Wall Street, good luck to you.

Just a few PVAMU Panthers talking all things PVAMU, SWAC and HBCU culture. On todays show, we discuss the 2021 inauguration, PV volleyball and bowling. Coach Kevin Jennings of our back-to-back championship-winning golf team joins the show to discuss PV's recent domination on the links. Also, junior finance major Nelson Robinson shares his story and the essay won him a scholarship from Ameritrade. Follow us on IG @panther_1876, Twitter @1876Panther and Facebook at Panther_1876. Rate and subscribe to receive new shows every Tuesday. You can find Ash Jay Products at www.ashjayproducts.com and IG @ashjayproducts Original beats by J.E.W. Beats --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Passive traders, how you doing? What's going on? Hopefully, you are safe and sound wherever you are listening to this and I hope the markets are treating you fairly. Or, better than fairly, because we want what's fair, right? We want, in our favor. So we had a question from someone coming in and the question was, is it still, or is it a safe time to get back into the oil markets? And if you are following us, you might know that I do have a coaching program where we teach people how to trade oil options and these are futures oil options. And I have been doing so for, it's been over five years now, I believe, quite well, actually. And so that's why a while back I started teaching people how to do it. And now we have, I think we have close to over 400 people that have gone through the program and lots and lots of success stories. Lots of people are very happy that they've joined and we do have a few openings and people are still coming in. So really, I wanted to talk about oil and what has happened in oil this year in 2020 and what I think will happen in the future. So the biggest thing that happened in 2020 in terms of investing so far, was definitely the coronavirus, right? Coronavirus hit the US really bad in March, actually hit the markets in March. And we went into a bear market in the stock market and then pretty much a V-shape bounce back. It took about, I don't know, a month and a half or so, or two months, and then after that, we were off to the races, going much higher. Overall for the year, markets didn't do that much, but it dropped 20% and then came back. So that's a big deal. In addition to the stock market, oil also took a tumble from where it was trading. And then there were a lot of headlines in April, lots of headlines, all the news going crazy, oil went negative, oil went negative, oil prices are actually below zero. You can get paid to get oil. And of course, that's a bunch of BS. So let me put some, let me talk about it. Let me explain it. The spot price of oil, which is the actual real price of oil if you were to go buy a barrel of oil, it's the spot price, that's how much you can buy it for. That never went below zero. Never, ever and it hasn't happened, will never happen, because oil is a commodity. It is a physical substance that has cost, right? It is worth something and it has a cost to locate it, to drill it, to get it out of the ground, to transport it, insure it, store it, all that stuff. It costs money to do all that right now in the US, in the shale, it takes about, I don't know, $40, $45, $40 to $45, depending on the company, somewhere in that range, to get the oil out of the ground. If you go over to Saudi Arabia, they're drilling it. Their oil is a little bit easier to extract and so their costs are cheaper, probably somewhere at $12 to $15 per barrel, somewhere around that range, but still it costs money. And so no, there was never a time where anybody could go into the market and get paid to buy oil. So let's put that to rest. And if you look at a chart of oil right now, you will see it never went oil. And when I talk about oil, there are different types of oil. The one that went negative supposedly was called WTI and that is the one that we trade in our program. The other type of oil, which is traded in the United States, is Brent. And Brent oil itself never went, even trading wise, never went below $26 or so a barrel. That is the oil that is used, the crude oil that you get from overseas, the Middle East and such. But in reality, there are dozens and dozens of types of different crude oil. So the ones we trade mostly are WTI, and you can also do Brent in our program. We trade WTI. WTI is the one that is pumped in the United States or drilled in the United States and in Canada. And all of that oil makes its way normally through pipelines and gets to a place or city called Cushing, Oklahoma. That is where they are stored. That's where all the oil is stored. That's WTI, that's the one we trade. So a lot of times, if there is some unease in the Middle East or something like that, it impacts Brent a lot more. It does impact WTI a little bit, but it's not to the same degree. So WTI is a little bit more stable in that sense. There's less risk of an attack or something like that really making WTI go nuts. But if something happens to Brent, WTI does move in tandem, so that's a whole different story. But what happened was, the trading in WTI for one day did go negative. It did. And that was what the headlines were talking about. It's not that the spot price was negative. It never was. It was for one day. Basically what happened is that we have this very large oil ETF, ticker symbol, USO. If you want to trade oil, but you cannot trade futures, like if you're a mutual fund or a hedge fund or whatever index fund type thing, if you cannot trade futures, they created this ETF, which tracks oil prices and it's called USO. Now in order... The way they do that is they buy front month oil futures contracts. Now oil is traded as a future, which means it's a contract and it has an expiration date, just like the options. So you can have a option on a future. So you have an option, which is a derivative and then oil contract futures contract, which is also a derivative. So you have a derivative on top of a derivative on top of oil. Seriously, I'm not trying to lose you. I know it's getting a little complicated here, but really I'm not trying to. I'm trying to make it as simple as possible. So anyway, you have USO. They buy front month futures contracts, and you can, futures contracts go for several months. So you can buy one for now or in the future. That's why they're called futures and the prices are different for all of them. They're all individual, different securities. So they only buy the front month. What happens is every month when they get to expiration day, the USO has to sell all of its futures contracts, and then they have to buy the contracts for the next month. So basically, they just roll it forward. They do not own any oil, right? So there's another ETF GLD, which tracks gold. Now GLD actually owns gold. So they have gold stored. They don't have to play this game. Maybe they do a little bit, but not as much. USO doesn't own any oil. They don't store any oil, so they have to play this game with trading. Now, what was going on is, that oil was decreasing in price because there is a lot of supply. There is a ton of supply right now, and there's a lack of demand, because of the Corona. It was totally unpredicted, markets shut down, country shut down, business shut down, everything shut down. Nobody needs as much oil. And so what happened was, that the drillers are still drilling oil, but now nobody's using the oil and nobody's buying the oil. So the oil was being stored in Cushing, Oklahoma and the storage facilities were getting fuller and fuller and fuller. They were roughly at about 80 or 85% capacity. Okay. Now, if you want to store oil in Cushing, Oklahoma, you have to have a contract, you have to have a deal with them. You can't just walk in and say, I need a billion barrels of storage or whatnot. You can't just do that. You have to have an agreement with them in place. So you have an entity and you have a trader, USO, which has thousands and thousands and thousands of contracts that they have to get out of. They have to sell, right? And it's expiration date, so they got to sell them today. They got to sell them on that day. They don't have a choice. Otherwise, they go bankrupt. They go caput. They cannot take delivery of that oil. They can't. So they have to get rid of the contracts. Who do they sell the contracts to? They can only sell them to people who have capacity to store it, right? You, me, any individual trader, we cannot take delivery of oil. So we do not trade on expiration day. We do not take contracts, our brokers will not let us. It's just not done because you cannot take delivery. Only people who taking delivery are trading on expiration day. And those were the only people who could buy these contracts from USO. Now, normally in a common market, normal market, everything happening, people take those contracts and it's a done deal. It's normal. But, this was not normal. Nobody knew what was going to happen with Corona. Nobody knew when demand was going to pick up again. And so what happened was, all of the buyers that USO normally deals with, they know these guys, they're friends, they work together. They reach out to them and say, "Hey, we need you to take over these contracts from us." The buyer said, "No, can't do it. Not going to do it this month. I still got plenty of oil stored up that I haven't gotten rid of. My capacity is low. I don't have that much allotment. I can't do it." And USO freaked out. So they said, "All right, fine, I know the price is whatever, 30 bucks a barrel, $25 a barrel, $25 a barrel," whatever it was, said, "I'll give it you for $20. Just take it for $20." And the buyer said, "Nope." "All right, I'll give it to you for $15." "Nope." "I'll give it to you for $10." "Nope." "I'll give to you for zero. Come on. Just take it, just take it. Just please just take my oil. Just pay me and just take it from me. Just take these contracts." "Nope. I can't take it because I got nowhere to put it." "So even if you give me the oil at zero, what you're doing, Mr. USO, I cannot take delivery. It's going to cost me to take delivery of this oil. I have to pay for storage." "How much is it going to cost you?" "Well, I don't know. It's going to cost me some money." So USO kept dropping the price. They went to zero and then they went negative. They said, "Here, we'll pay you to take the oil." "Nope." "We'll pay you more. We'll pay you more. We'll pay you more." I think it got down to, at one point, it was like negative $35 or $37 a barrel at one point. That is what they were paying these people to take contracts from them and then take delivery and store it. So we as individual investors, or most people on Wall Street, could not take advantage of this. There were only a few select firms that could have taken advantage of this. So for them, yeah, it was a windfall, right? For us, you and me, it didn't make any difference. For oil traders or option traders, it didn't make any difference. Why? Because number one, oil options had already expired. The options that we were trading had already expired. And because of the rules that we use in my system, we were already out of the oil markets. We were not trading at this time. So that saved us. The rules and my system, it worked, this is proof. It worked and it saved us and we were not trading at this time. Number two, the day after this happened, oil prices went back up, because this was a anomaly. It was a technical glitch in the system. It was just supply and demand. No demand, prices go down. Hey, I need you to get rid of this, here, please take it. So they got paid. Everybody could not take advantage of this. This is not a normal thing that happened. If you look at the price of a price chart, you won't see it on the price chart. And that was gone. That only happened that one day for that one futures contract. Not all of futures contracts, not olive oil. It was that one futures contract on one day and it expired and it went away and the problem was gone. Now I hope USO has learned its lesson. And they did say that they do not, where they were spreading their risk into not trading only the front month option. So now they trade whatever the current month is, they buy some of the next month, they buy some of the next month. That's going to lower their profits and that's going to lower how much USO actually tracks the regular price of oil. So if oil is going up a dollar, USO's not going to go up the same amount because it's not going to track as much, because they're in different contracts. So getting technical here. So just USO is not going to be as efficient tracking the price of oil because now they have to hedge themselves. They have to protect themselves so this does not happen again. Okay? But, so if you're going to ask me, "Hey, did oil prices go negative?" I'd be like, "Not really." Oil never went negative. Technically there was a glitch. If you could have taken advantage of it, you did well. Most of us couldn't. Next thing you know, oil was up the next day, right? And it started going up since then. So what happened? Well, this was a pretty big anomaly, a pretty big glitch. And even before this happened, liquidity, or not liquidity, volatility in oil had increased. And so if you look at OVX, which is the oil volatility index, it's like VIX, you know the VIX for stocks, the SS&P, OVX is the same thing for oil. If you look at that, volatility had increased before this happened, before April 2nd, I believe. And so the, the brokers themselves, the futures brokers, when volatility increases, they start to increase the amount of margin that you need per each contract. So basically what that means is, that things are getting crazy. Things are getting volatile. The market is waking up, it's jumping around, you need to have more money for each contract, which means that you are being protected, right? You're having less money at risk. If you only have $5,000 in the account, you can't be trading two, three, four different contracts. It lowers how many contracts you can trade. So you have to get out of some contracts, which is good because things are acting crazy. That's one of the ways the futures markets protect their traders, us little guys. After this happened, several brokers decided to stop letting individual investors trade oil. That was oil, as well as the options. Was this fair? I don't know. I'm not a broker. I really can't decide. I can't say. But I do know that if you were at a broker that did not, and all the brokers did not. There were several brokers, interactive brokers, trade station, DeCarley trading, which is somebody that we recommend. They are a futures only broker and all the other futures only brokers did not stop trading. If you could have traded, and I could not. I was at Ameritrade, Ameritrade stock trading. A lot of the other big firms stopped trading, E-Trade, Schwab, they all, they stopped it. So I could not take advantage. But you have a security that has just gone down in price significantly. It's lower than the cost, right? Oil is trading at a price that's lower than it costs to create. What is going to go happen to that price? It's going to shoot up. It has no choice. It has to go up. That was the easiest money you could have made ever in the history of the world, maybe. You have things selling and I think if you look at our oil chart now, the lowest they got to was like $6 on the oil chart, right? But let's say it went to $7 or $8. Let's say you could have bought it at $8. If you could buy oil at $8 and it cost $40 to get out of the ground, yeah, that sucker's going to go up. That's easy money. So yeah, we did have people in our program that were trading and they made the easiest money in their lives because you know it's going up, right? You just sit back and buy as much as you can and you hold on for dear life. And since then, that happened in April, right, and oil has rallied. It's been trading for the last several months around $40 a barrel. And it's in a very tight range. It just goes up and down a little bit, little up and down, up and down, up and down. I have been gritting my teeth waiting for Ameritrade to let us back in. They still haven't done it. I'm recording this, it's November, they still have not let us back in as individual investors. Other brokers have and so I had to switch an account to another broker and now I'm trading it over there. I waited and waited and waited, and finally said, I can't take it anymore. I mean, this is the perfect opportunity to be trading oil. It's calm, it's moving sideways. Oh my God, it's easy. Money is just sitting there. Please, let me trade. Please, let me trade. Nope. They're not letting me. Okay, let's go to a different broker. So I took out a large account over to another broker and I've started over there. Two months ago, I started, made 7% in the first month. This month I made like two point something. I got out early because of the election. The US presidential election's coming up in a few days and I have really limited all my positions. I don't want to be in any oil positions. I don't think anything's going to happen to oil because of that, but I'm not taking the risk. Okay? So yes we are back. Oil is back. It is a great way to trade. It is doing really, really well. I mean, it's going sideways. I don't know what else you could want is to be an option seller, right? Very little risk, sell as far away from the money as you can. It's great if you do it properly. And the way we do it is, we do it properly, right? Because we have, back-tested, not back-tested, but actually tested with real money. I have for several years. Different strategies, I found the one that works the best and not only does it work the best, but I came up with the different rules to protect myself and to hedge myself and to make sure that, okay, in this situation, we need to do this, in this situation, we need to do that and that's why we were protected. That's why we were out of the market even before oil went, quote unquote, negative for the day, right? We were already out. And that was because of our rules. So we were protected. So I'm happy, I'm ecstatic. I'm like, Hey, this is it. It worked. This is why we have the freaking rules to protect ourselves. This is why I can say, yes, this program works. And this is why I say you should join the program, right? You should join if you want to trade oil profitably. Yeah, join the program. If not, you can try to figure it out on your own. Good luck, it took me several years to do it. Have at it, be fun, hopefully you don't lose all your money in the process. But yeah, so that's where oil is right now. It's moving sideways. It's doing good. We're going to be making money. I'm waiting until after the election is over and then we're going to go full fledge back into it. Been already doing it for two months now and we did great, very simple, very easy trades. After the election settles, everything goes back, we're going to go 100% back into it and it's going to be a lot of fun. I do expect oil to be very calm for the next year. We'll see how it happens. We'll see if there's anything with the Corona vaccine and all that stuff. We can't predict the future, but from what we are seeing, we're going to make a lot of money. https://optiongenius.com/oiloptions So if you've been thinking about our program, it's time to get in now so that you can start paper trading, so that you can start practicing and so you stop wasting time, right? Because every day that goes by is a day that you're missing out on theta, missing out on this money for selling time. Every day that goes by is a day you cannot sell time. So stop sitting on the sidelines, get involved, start paper trading, doing something, and trade with the odds in your favor. Thank you and good luck. https://optiongenius.com/oiloptions LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/  WATCH THIS FREE TRAINING: https://passivetrading.com  JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance  Like our show? Please leave us a review here - even one sentence helps.

Options trading is foreign to lots of investors. A derivative to standard equity stock trading that allows for exponential gains compared to usual stock price movement… but a trading approach which can also result in losing all of your investment. So how do you tackle these tricky investment vehicles and find yourself “in-the-money”? Well today, […]

The Pivot to Emerging Technologies in Financial Services.  We welcome Sunayna Tuteja, who heads TD Ameritrade’s digital and emerging technologies efforts.  Her vision of technology as democratizing finance and creating financial inclusion fits in with the overall founding ethos of Ameritrade.  She thinks carefully about what the problem is, why is it worth solving, and why is her team uniquely qualified to solve the problem.  Often these problems are about removing friction to allow clients to take charge of their financial future.  By breaking down all types of barriers, Sunayna and her team are innovating in ways that are core to what we hear from most FinTech entrepreneurs, even within the context of a large organization.  As a reminder, nothing said in this or any other episode is investment, legal, or any other advice of any kind.  

In Episode #7 of Mindset Mastery, "Benefits of Professional Diversity and Inclusion", Marie Swift speaks with Kate Healy of TD Ameritrade Institutional. In a nutshell: Kate Healy – or “Advo-Kate” as she's been dubbed by others in the financial planning profession who appreciate her tireless efforts to diversify the talent pool and create new career paths for deserving but sometimes overlooked groups – tells us how to overcome unconscious biases and reshape the future through a shift in intentional mindset and awareness. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org

In this episode, I talk to Paul Salamanca, VP of enterprise sales for vArmor, a Silicon Valley hybrid cloud security startup that raised over $127 million in funding. Paul leads a growing team of 12 sales development reps and inside sales executives. He first got into sales as an entrepreneur while in college and has since been selling to fortune 1000 companies for over 15 years either as an individual contributor or as a leader. Paul's been among the top 1% in net new annual recurring revenue for much of his career selling 10s of millions of dollars in contracts to companies like Goldman Bloomberg, Deloitte, Ernst and Young, e-trade, TD, Ameritrade, and Moody's. Growing up, he's always imagined himself being surrounded by beautiful women. And his wish came true as he now lives in New Jersey, with his wife and three young daughters.

When you are a financial planner, do you know the most annoying question you get?“Hey Jeff, what’s the best stock I can buy to make me the most money?Even though I am no longer practicing as a financial planner, I still get this question today.That is why so many people want to become day traders.The concept seems pretty simple right? You pick a stock - buy low, sell high

Today In the Suite welcomes Dani Fava, Director of Product Strategy & Development at TD Ameritrade Institutional. Dani is a spirited woman in FinTech who, through her work at TD and beyond, pushes those in the industry to be more confident, more courageous, and, certainly, more innovative. At TD Ameritrade Institutional, Dani oversees the development of advanced investment management and technology tools designed to help independent registered investment advisors compete and thrive in a world of accelerating change. But Dani’s desire to future-proof the world is visible in everything she touches – from her engaging Twitter pages to her wardrobe to bringing AI to work – Dani’s innovative spirit knows no bounds. In this episode, Dani shares how she created an engine of creativity within a corporate environment; walks us through how AI is affecting FinTech, Healthcare and every industry in between; and shares how we can push innovation no matter what room we’re in. Join the conversation to hear more about:Dani’s path to lead innovation at Ameritrade (12:44)Dani’s advice for pitching the role of your dreams to your employer (19:39)The benefits of creating a future-looking resume (21:20)The best work that Dani created as Director of Innovation (26:42)The easy way Dani describes AI and what we should all know about AI (31:37)An easy, Coronavirus example of AI at work (35:10)The tech product recommendation we all need to know about (40:50)When creativity strikes Dani (42:53)Dani’s valuable advice to find creative confidence (44:2o)Why Dani has chosen to pursue a CFP (47:00)The one thing we should all be finding time to do, even during the Pandemic (51:19)What Dani needs to tap into her superhero strength (58:30)Referenced MaterialsTD Ameritrade InstitutionalTD Ameritrade Alexa Skills TD Ameritrade Model Market Center Tiger King on Netflix TikTokDani Fava on Twitter Dani Fava TD on Twitter The 2020 IA25: Dani Fava Air Jordan Sneakers Product HuntT3 Technology Tools for TodayTegra118

When you listen to someone share his or her life story and overcoming obstacles, you can't help but feel inspired as you think about your own goals and aspirations. In this episode, you'll hear an interview with leader, author, and coach, Joe Moglia. Joe is the Chairman of the Board at T.D. Ameritrade, Chairman of the Fundamental Global Investors and Capital Wealth Advisors, and Chair of Athletics and Executive Advisor to the President at Coastal Carolina University. Listen in as he and Fahad discuss the principles Joe used to grow his career and influence, knowing when to say yes or no when faced with opportunities, and taking responsibility for yourself. This is another exclusive interview from a previous KakouLive Leadership Series discussion. Kākou CXO is a new shared-trust, peer-invite only community for CIOs, CISOs, CTOs, and CxOs to engage in timely interactions, idea-sharing, and inspiring knowledgeable conversations in a private and peer-vetted setting on a single platform. Thank you to Tony Scott Group and SPJ for starting Kākou CxO and inviting us to be a part of the community!If you would like more information on Kākou CXO or would like to join the community, click here. Resources Mentioned: 4th and Goal: One Man's Quest to Recapture His Dream by Monte BurkeCoach Yourself to Success: Winning the Investment Game by Joe MogliaThe Perimeter Attack Offense: the key to Winning Football by Joe Moglia

This week’s episode brought to you by Slice on Broadway, and Sidekick Media Services.   This week Matt Carlins and Mike Pound join us to talk about journalism during the George Floyd protests and some other topics including: Mike Pound shares a list of black owned restaurants to support in Pittsburgh. Katie shares Zigazoo, a "TikTok for kids" Matt Carlins has been entertaining himself with the Ameritrade app. Apple Store looters are getting a surprise when demo iPhones turn into tracking beacons. Bob and Doug are in space! The first NASA/SpaceX Crew Dragon flight launching astronauts from America! We have a conversation about the presence of cameras and being a journalist in the George Floyd protests We talk with Anthony "Chachi" Walker about his nearly month old "Put a Pickle on It" venture. After the show remember to: Eat at Slice on Broadway (@Pgh_Slice) if you are in the Pittsburgh area! It is Awesome! (sliceonbroadway.com) Want to be part of our studio audience? Hit us up at awesomecast@sorgatronmedia.com and we’ll save you a seat! Join our AwesomeCast Facebook Group to see what we’re sharing and to join the discussion! Follow these awesome people on Twitter: Matt Carlins (@MattCarlins), Mike Pound (@MikePoundPG) (@PGHMuseums), Chilla (@chilla), Katie (@Kdudders), and Sorg (@Sorgatron) You can support the show at Patreon.com/awesomecast! Remember to check out our friends at the The 405 Media (@The405Radio), and Postindustrial Audio (@post_industry) who replay the show on their stream throughout the week! Also, check out sorgatronmedia.com and awesomecast.com for more entertainment; and view us livestreaming Tuesdays around 7:00 PM EST

This week’s episode brought to you by Slice on Broadway, and Sidekick Media Services.   This week Matt Carlins and Mike Pound join us to talk about journalism during the George Floyd protests and some other topics including: Mike Pound shares a list of black owned restaurants to support in Pittsburgh. Katie shares Zigazoo, a "TikTok for kids" Matt Carlins has been entertaining himself with the Ameritrade app. Apple Store looters are getting a surprise when demo iPhones turn into tracking beacons. Bob and Doug are in space! The first NASA/SpaceX Crew Dragon flight launching astronauts from America! We have a conversation about the presence of cameras and being a journalist in the George Floyd protests We talk with Anthony "Chachi" Walker about his nearly month old "Put a Pickle on It" venture. After the show remember to: Eat at Slice on Broadway (@Pgh_Slice) if you are in the Pittsburgh area! It is Awesome! (sliceonbroadway.com) Want to be part of our studio audience? Hit us up at awesomecast@sorgatronmedia.com and we’ll save you a seat! Join our AwesomeCast Facebook Group to see what we’re sharing and to join the discussion! Follow these awesome people on Twitter: Matt Carlins (@MattCarlins), Mike Pound (@MikePoundPG) (@PGHMuseums), Chilla (@chilla), Katie (@Kdudders), and Sorg (@Sorgatron) You can support the show at Patreon.com/awesomecast! Remember to check out our friends at the The 405 Media (@The405Radio), and Postindustrial Audio (@post_industry) who replay the show on their stream throughout the week! Also, check out sorgatronmedia.com and awesomecast.com for more entertainment; and view us livestreaming Tuesdays around 7:00 PM EST

This is Part II of our episode with Barry Ritholtz. If you haven't listened to Part I, hit pause and listen to that first. This episode features Barry Ritholtz, co-founder, Chairman, and Chief Investment Officer of Ritholtz Wealth Management.  He is also the creator and host of the Masters in Business podcast/show on Bloomberg Radio and author of the book Bailout Nation, which was published in 2009. In the second of a two part episode, Ritholtz explains why he prefers active management in fixed-income over equities, how he curates which writers to follow, thoughts on the recent CFP Board decision and the Charles Schwab and TD Ameritrade merger, and what skills he recommends younger people prioritize. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL (0:38) -  Colby Donovan introduces the podcast (0:59) – Why he favors active management in fixed-income over equities (4:11) – How he curates which writers to follow (9:50) – Serving women as a client base (14:47) – Form CRS (15:58) – Why he thinks the CFP Board shanked their recent decision (18:32) – Impact of Charles Schwab and T.D. Ameritrade merger on RIA's (21:22) – What skills he thinks younger people prioritize who are pursuing a career in finance (25:20) – Who's the one person you want to have a conversation with? (27:02) – What are you most optimistic and pessimistic about in the world right now?

While the proposed sale of T.D. Ameritrade to Charles Schwab has nothing to do with Nebraska, the move of the combined headquarters to Texas does raise an opportunity for Nebraskans to look at how the state should act to address the state's tax and education systems to keep businesses and jobs in the state.

Ameritrade founder Joe Ricketts gives us a look inside his mind so we can see how entrepreneurs think and act differently from the rest of us -- and the trials he faced in building a company now worth $30 billion.See omnystudio.com/listener for privacy information.

Joe Moglia completely reinvented himself. Twice...   He went from college football coach to CEO of Ameritrade and then BACK to football (his first love). He was at the top of the corporate ladder. And decided to climb down for a coaching internship at the University of Nebraska. I wanted to know why he wasn't afraid to change careers so drastically. And how he transferred the skills he learned from one industry to a completely different industry... creating a double reinvention.   I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.   Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify   Follow me on Social Media: Twitter Facebook Linkedin Instagram ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn