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    Convert Currency For (Essentially) Free

    TL;DR: Convert your currency in IBKR for a 0.2bp fee, then use Wise to transfer the desired amount for free. This post is not about getting spending money in foreign countries. For that – you can get decent conversion rates with credit cards that have no foreign transaction fees, such as the CapitalOne SavorOne card or Discover card. You can also get decent conversions using a foreign ATM (most of the time, do make sure the ATM is with a legit bank and not a scam!). Just make sure not to get owned by those currency conversion counters or shops, like those found in airports, that charge insane spreads (think…

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    I’m not saying it’s free money but…

    It is somewhat surprising that this kind of opportunity can still be found leading up so close to inauguration. At the time of writing, people are still pricing in and trading on a 2% probability that Trump will be inaugurated on Jan 20, 2021. At the very least, there is a potential arbitrage where most exchanges have already declared Biden the winner or are trading this kind of contract for Trump at near 0%. Very interesting! TheJKW h/t to reader RD for the find! P.S. This is in no way an endorsement for the site or betting online, nor is TheJKW offering investment advice. If you decide to act/invest, please…

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    Go Vote!

    This week we’re going to take a break and recognize the importance of election night this upcoming Tuesday. No matter your stance, please go have your voice be heard. Every vote matters! TheJKW