Things To Do This Week in Columbus, OH - Dec 9th - Dec 16th

2021.12.09 09:27 ScottPompeo Things To Do This Week in Columbus, OH - Dec 9th - Dec 16th

This week we've got Breakfast with Santa, A Christmas Story Musical, the Nutcracker, and Fiddler on the Roof. You could catch the Mad Mad Men 2021 Swingin' Holiday Show or Charlie Brown Christmas: Live on Stage. There's the 5th Annual 12 Bars of Christmas Crawl, or you can catch the start of the 12 Days of Audubon 2021. including paint and wine, gingerbread house decorating, and winter lantern walks.
The Christmas spirit is in full swing. Stay warm, and have fun!
All events in EDT Timezone.
Things To Do This Week in Columbus, OH - Dec 9th - Dec 16th Dec 9, 2021 - Thursday
One Time Events
Dec 9 at 7pm - NHL - Columbus Blue Jackets vs Anaheim Ducks at Nationwide Arena
Dec 9 at 7:30pm - The Queers w/Suzi Moon & The Raging Nathans at Rumba Cafe
Dec 9 at 8pm - Dave Koz & Friends Christmas Tour 2021 at the Palace Theatre
Dec 9 at 8pm - Steel Panther - White Christmas at The Bluestone
Recurring Events
Thursdays from 6:30pm - 9pm - House Wine - Thursday Night Wine Tastings
Thursdays from 7pm - 9pm - Improv Comedy Meetup Game Night at Gresso's
Thursdays from 7pm - 9pm - Brewpourium Columbus Trivia Night at Taft's Brewing Co.
Thursdays at 7pm - Trivia Night at Keystone Pub & Patio at Polaris
Thursdays at 7pm - DJ Trivia at the Red Door Tavern
Thursdays at 8pm - Excesss Karaoke Thursdays at The Dive Bar of Columbus
Thursdays at 8pm - Trivia at The Forge Tavern (Facebook)
Thursdays from 9:30pm - 2:30am - Bounce Thursdays at Dahlia Nightclub
Dec 10, 2021 - Friday
One Time Events
Dec 10 from 6pm - 10pm - Festivus Holiday Market at 400 Square in Franklinton
Dec 10 from 6pm - 9pm - 12 Days of Audubon 2021 - Holiday Wines Part 1
Dec 10 from 7pm - 10pm - Pirate Party, Holiday Edition at the Forge Tavern (Facebook)
Dec 10 at 7pm - Charlie Brown Christmas: Live on Stage - The classic animated television special comes to life in this faithful stage adaptation
Dec 10 at 7pm - COIN: Rainbow Dreamland Tour at EXPRESS LIVE!
Dec 10 at 7pm - An Evening with Stephen Kellog - Solo at Woodlands Tavern
Dec 10 at 7pm - Ohio State Buckeyes Mens Hockey vs University of Michigan Hockey
Dec 10 at 7pm - Now in its 25th year, come join us for a Hilliard holiday tradition with our annual production of A Christmas Carol. Adapted from the beloved classic story by Charles Dickens, this multi-generational production is the Hilliard Art Council’s annual charity event with all proceeds going to Hilliard Food Pantry and Firefighters for Kids.
Dec 10 at 7:30pm - A Magical Cirque Christmas - an evening of dazzling performers and breathtaking cirque artists at Palace Theatre
Dec 10 at 7:30pm - Mad Mad Men 2021 Swingin' Holiday Show 2021
Dec 10 at 8pm - The Columbus Gay Men’s Chorus will be celebrating the Holiday season by journeying to The Island of Misfits. Singing your favorite sacred and secular pieces
Dec 10 at 8pm - Playboi Carti: King Vamp Tour at Nationwide Arena
Recurring Events
Fridays from 7pm - 10pm - Live Music on the Patio at Ten Pin Alley
Every Friday at 7:30pm - Shadowbox Live - Let's Get It On: Live Edition
Fridays from 9pm - 2am - 4 Real Fridays - A Hip Hop & RnB Vibe(A Hip Hop & RnB Vibe)
Every Friday from 9pm to 12am - Play CBus After Dark - Ropes, Climbing and Ninja Obstacle Course for Adults Only
Dec 11, 2021 - Saturday
One Time Events
Dec 11 - 12 Days of Audubon 2021 - Christmas Bird Count for Kids
Dec 11 at 8:30am - Breakfast with Santa at Cherry Valley Hotel, or Reformation Lutheran Church, or Upper Arlington, or Northwest United Methodist Church, or Franklin Park Conservatory, or Dublin, OH Breakfast and Craft Fair (Facebook), or Crosslink Community Church, or Toiles and Toys for Tots, or at Ten Pin Alley or Donuts with Santa at Grizzlybird Brewing Company
Dec 11 at 8:45am - 2021 NC4K Reindeer Run 5K/1 Mile walk - Support Kids Fighting Cancer and their Families
Dec 11 at 10am - PBJ and Jazz - Songs of the Season - an interactive casual concert to introduce young children and their families to jazz
Dec 11 from 10am - 2pm - Wexner Center for the Arts’ Zoom: Family Film Festival
Dec 11 at 11am - A Magical Cirque Christmas - an evening of dazzling performers and breathtaking cirque artists at Palace Theatre
Dec 11 at 11:30am - PBJ and Jazz - Songs of the Season - an interactive casual concert to introduce young children and their families to jazz
Dec 11 from 12pm - 7pm - Festivus Holiday Market at 400 Square in Franklinton
Dec 11 from 12pm - 8pm - 5th Annual 12 Bars of Christmas Crawl Columbus
Dec 11 at 2pm - A Magical Cirque Christmas - an evening of dazzling performers and breathtaking cirque artists at Palace Theatre
Dec 11 at 2pm - The Columbus Gay Men’s Chorus will be celebrating the Holiday season by journeying to The Island of Misfits. Singing your favorite sacred and secular pieces
Dec 11 at 2pm - Not So Silent Night - a song-filled holiday night at Shadowbox Live
Dec 11 from 3pm - 7pm - Zanesville & Western Scene Railroad - Santa Train
Dec 11 at 6pm - Candle Light Christmas Tour of Downtown, Lancaster
Dec 11 at 6pm - Intervals at Skully's Music Diner
Dec 11 at 7pm - A Magical Cirque Christmas - an evening of dazzling performers and breathtaking cirque artists at Palace Theatre
Dec 11 at 7:30pm - Mad Mad Men 2021 Swingin' Holiday Show 2021
Dec 11 at 7:30pm - The Winery Comedy Tour at Via Vecchia Winery, Columbus
Dec 11 at 7:30pm - Celebrate the wonder that is... Christine's Christmas! Join us as we celebrate the 18th Annual Christine's Christmas benefiting The Childhood League Center and Special Olympics Ohio.
Dec 11 at 8pm - The Columbus Gay Men’s Chorus will be celebrating the Holiday season by journeying to The Island of Misfits. Singing your favorite sacred and secular pieces
Recurring Events
Saturdays from 12pm - 8pm - Boards & Brews at Taft's Brewpourium Columbus
Saturdays at 1pm - Mulligan Chess Club Meeting at The Mall at Turtle Crossing
Saturdays from 3:30pm - 5:30pm - Highbanks River Path Hike (3 Miles) at Highbanks Metro Park hosted by Hike Columbus!
Saturdays at 7:30pm - Shadowbox Live - Let's Get It On: Live Edition
Saturdays at 8pm (Jun 26 - Dec 25) - Illusions - The Drag Queen Dinner Show in Columbus
Saturdays (Dec 4 - April 16) - 9am - 12pm - Indoor Winter Farmers Market at Ohio History Center
Dec 12, 2021 - Sunday
One Time Events
Dec 12 from 12pm - 7pm - Festivus Holiday Market at 400 Square in Franklinton
Dec 12 at 2pm - Not So Silent Night - a song-filled holiday night at Shadowbox Live
Dec 12 from 2pm - 4pm - 12 Days of Audubon 2021 - Sip and Paint with Wine and Canvas
Dec 12 at 2pm - The Columbus Gay Men’s Chorus will be celebrating the Holiday season by journeying to The Island of Misfits. Singing your favorite sacred and secular pieces
Dec 12 at 2pm - Join the musicians of the Central Ohio Symphony, conductor Jaime Morales-Matos, soprano Angel Tyler and a special appearance by Judge David A. Hejmanowski for the 2021 Holiday concert!
Dec 12 from 3pm - 7pm - Zanesville & Western Scene Railroad - Santa Train
Dec 12 at 4:30pm - Join the musicians of the Central Ohio Symphony, conductor Jaime Morales-Matos, soprano Angel Tyler and a special appearance by Judge David A. Hejmanowski for the 2021 Holiday concert!
Dec 12 at 7pm - Not So Silent Night - a song-filled holiday night at Shadowbox Live
Dec 12 at 7pm - Pentatonix: The Evergreen Christmas Tour 2021 at Nationwide Arena
Recurring Events
Dec 12th and every other Sundays from 4pm - 10pm - Sunday Board Game Nights at The Forge Tavern
Dec 13, 2021 - Monday
One Time Events
Dec 13 - 12 Days of Audubon 2021 - S.T.E.M. Science: Holiday Edition
Dec 13 at 7pm - Figure Art - Figure Drawing by Wild Goose Creative
Recurring Events
Mondays from 1pm - 2:30am - Monday Karaoke at Union Cafe. Start your week off on a high note!
Dec 14, 2021 - Tuesday
One Time Events
Dec 14 from 6:30pm - 8pm - 12 Days of Audubon 2021 - Gingerbread House Decorating
Recurring Events
Tuesdays from 6pm - 10pm - Tuesday Board Game Nights at Rule 3
Tuesdays from 8pm - 10:30pm - Freaks with Beaks Comedy Showcase (Free) at the Rambling House
Dec 15, 2021 - Wednesday
One Time Events
Dec 15 from 6:30pm - 7:15pm - 12 Days of Audubon 2021 - Family Winter Lantern Walk with Story Time and Hot Chocolate by the Fire
Recurring Events
XXXXXXXXXXXXX
Dec 16, 2021 - Thursday
One Time Events
Dec 16 at 6pm - 12 Days of Audubon 2021 - 12 Holiday Wines Part 2
Dec 16 at 6:30pm - Found Footage Festival at Wex Arts Center
Recurring Events
Thursdays from 6:30pm - 9pm - House Wine - Thursday Night Wine Tastings
Thursdays from 7pm - 9pm - Improv Comedy Meetup Game Night at Gresso's
Thursdays from 7pm - 9pm - Brewpourium Columbus Trivia Night at Taft's Brewing Co.
Thursdays at 7pm - Trivia Night at Keystone Pub & Patio at Polaris
Thursdays at 7pm - DJ Trivia at the Red Door Tavern
Thursdays at 8pm - Excesss Karaoke Thursdays at The Dive Bar of Columbus
Thursdays at 8pm - Trivia at The Forge Tavern
Thursdays from 9:30pm - 2:30am - Bounce Thursdays at Dahlia Nightclub
ON GOING EVENTS
Columbus Christmas Lights Displays
Nov 6 - Dec 24 - Santa's Wonderland and Santa Pictures at Cabela's and Bass Pro Shops
Nov 18 - Dec 23 - Holiday Hoopla - A Sketch Comedy & Music Show at Shadowbox Live
Oct 28 - Jan 2, 2022 - Immersive Van Gogh Exhibit in Columbus
Nov 12 - Jan 9, 2022 - WonderLight's Christmas in Ohio is a glow at Hartford Fairgrounds in Croton, Ohio
Nov 19 - Jan 9 - 5:30pm - 11pm - Magical Lights of Winter - 2021 at National Trail Raceway (Facebook)
Nov 19 - Jan 2 - Butch Bando's Fantasy of Lights Holiday Drive Thru Light Show
Nov 19 - Jan 2 - Wildlights at Columbus Zoo & Aquarium
Nov 20 - Dec 19 - Holiday Carriage Rides at Easton Town Center (Facebook)
Nov 20 - Jan 9 - Magical Lights of Winter at National Trail Raceway
Nov 20 - Jan 9 - Conservatory Aglow - enjoy the seasonal horticulture of Holiday Blooms and the interior biomes
Nov 27 - Dec 19 - Dickens of a Christmas at Ohio Villiage - Meet and interact with the characters from Charles Dickens's A Christmas Carol
Nov 27 - Dec 12 - Hershel and the Hanukkah Goblins - a stage adaptation of the award-winning children's book
Dec 2 - Jan 2 - Sister Act - A Divine Musical presented by Short North Stage
Dec 3 - 21 - 12pm - 1pm - Holiday Choir Concerts 2021 at the Ohio Statehouse
Dec 3 - Dec 12 - New Albany Children's Ballet Theatre presents "The Nutcracker"
Dec 10 - 23 - A Christmas Story - The Musical at Lincoln Theatre
Dec 10 - 26 - The BalletMet presents The Nutcracker at Ohio Theatre
Dec 11 - Jan 2 - Merry on Main Iceless Ice Skating in Marysville, OH
Dec 14 - 19 - Fiddler on the Roof at Palace Theatre - Featuring the Broadway classics “Tradition,” “If I Were a Rich Man,” “Sunrise, Sunset,” “Matchmaker, Matchmaker” and “To Life”
FARMERS MARKETS
There are just way too many Farmer's Markets to list. Check out this list of all Farmer's Markets to find one near you.
MORE EVENTS! TOO MANY TO LIST!
Or how I learned to stop trying to list every event and just give you guys the sources I'm working with.
If you're looking to volunteer Columbus Gives Back and Besa - Be the Good can give you dozens of events happening for a variety of causes.
The City of Columbus Community Center lists dozens of hobbies and sports events for children and adults that you can attend for free.
Columbus on the Cheap creates a weekly list updated every Wednesday night detailing tons of free or cheap events that can be done around town.
The Columbus Dispatch Entertainment section posts your "Best Bets" for the weekend every Thursday morning and the Columbus Navigator also provides news articles about upcoming performances. The Columbus Underground has their own event section to watch as well.
Columbus Makes Art lists various concerts, art displays, and other artistic events. There's also a list of community Art Festivals. Cringe provides a full list of all the live music going on throughout Columbus
Meetup, Goldstar Events, Eventbrite and Facebook are a great source to search for events. If you're looking for events local to you, I'd suggest searching Google Maps for local bars and pubs, then looking up their websites or Facebook pages where they'll often have weekly events.
Safety
Coronavirus / COVID - As more people get the COVID-19 vaccine, the risks levels will change for each person depending on their own health. You must make your own decision on what you’re comfortable with. I offer no recommendation and no guarantee on the COVID Cleaning and Health protocols for any individual event. Please read and observe any COVID related safety protocols each individual event may have.
How Events are Picked
This is not a comprehensive list of events, just what I thought was interesting. If you have any recommendations, please let me know in the comments. I will not be able to list every event, partially due to limits on the size of Reddit posts, and partially because I can only devote so much time to putting together this list.
Looking for events more than a week out?
To help organize and plan out this list I have a PREVIEW of events coming more than a week out posted on my Reddit Profile. Keep in mind that there could be some inaccurate information the further out you go, so be sure to track the event page in case there are last minute changes.
If you find any broken links, misspellings, or inaccurate information, please let me know. Thanks.
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2021.12.09 09:27 Yazkin_Yamakala Sage is fun!... Albeit a very underwhelming healer

Healer main here, and I was very excited to get my hands on a new class that I could play and stick to my role! Upon hitting 90 and running through the content and various raids, trials, and dungeons, I can safely say I'm having fun with the class, but it's very inefficient compared to other healers. Especially it's counterpart in Scholar.
Overall potency in Eukrasia skills need to be upped, at the very most Eukrasia Prognosis. Dosis and Dyskrasia might need a healing boost as well if the class identity wants to stick to it's "aggressive healing" identity it so tries to be.
It's a hassle to toggle Eukrasia abilities using 2 GCDs for a small barrier that breaks extremely fast in current content.
The OGCs are also lackluster. I feel I'm pressing them off cooldown just to keep up with healing the party.
Overall, it's a fun and interactive healing class. I really enjoy the weapon and play style, but I don't see it being a much desired healer between the rest.
Tl;dr: Too many buttons for little output compared to other healers. Needs higher barrier numbers or a potency increase across the board. Eukrasia could do for an OGC toggle instead. Love the profession though
submitted by Yazkin_Yamakala to ffxiv [link] [comments]


2021.12.09 09:27 b_throwaway_1234786 Is commission only business development looked down upon in the US?

Wanting to hear the community’s take on this subject.
I’m planning to open a services based company and plan to have BDMs get me leads so that I can take over. My plan is to give X% of the account they bring in for perpetuity- as long as that account is active with my company. X being in low double digits.
Is this sort of a model looked down upon here in the US? If it is, what other model do you guys use in a situation like mine?
submitted by b_throwaway_1234786 to smallbusiness [link] [comments]


2021.12.09 09:27 forever_question Understanding the Cyrto world via AI.

Hi all,
This is my first post on this board so i thought i would start with talking about a little side project ive been coding.
Having been following crypto for many years since it's Inception it's gradually become something I struggle to keep up with having exploded into hundreds of different coins and full-fledged trading.
So I decided to to put the the knowledge of what I like to monitor into artificial intelligence and get it to summarise and even suggest areas I should be looking at in the cryptocurrency space.
Right now I think it's working really well but I'm open to 2 to suggestions as what information ai I can ingest and perhaps how I should weight its relevance.
The AI currently tweets its findings and maybe if this post gets some good traction i can share its Twitter handle.
On thing i like the idea of thought is trying to ingest content in real time from some of the highest trafficked areas of the web so please share in the comments.
submitted by forever_question to CryptoCurrency [link] [comments]


2021.12.09 09:27 MonthOLDpickle [QUESTION] Even with battery optimization turned off notification still there after rebooting, how to get rid of it?

submitted by MonthOLDpickle to Vanced [link] [comments]


2021.12.09 09:27 Shohei-The-Money Unarguably one of the most underrated dialogues of the franchise, the exchange is subtle, cohesive and smooth. Witty and impeccable word use by two charming and alluring characters.

Unarguably one of the most underrated dialogues of the franchise, the exchange is subtle, cohesive and smooth. Witty and impeccable word use by two charming and alluring characters. submitted by Shohei-The-Money to JamesBond [link] [comments]


2021.12.09 09:27 ShortAlgo $ESPR Waiting for Buy signal on ESPR https://t.co/gj8ryZKN07

$ESPR Waiting for Buy signal on ESPR https://t.co/gj8ryZKN07 submitted by ShortAlgo to UltraAlgo [link] [comments]


2021.12.09 09:27 whenItFits We are probably always forgetting things and don't even remember unless revealed through video or by someone saying something.

submitted by whenItFits to Showerthoughts [link] [comments]


2021.12.09 09:27 Wulff1967 #artvartist #artvartist2021 Ive been seeing these posts in my feeds. This year was difficult. I started coming off of artist block lasting 6 months and hospitalization from Covid. It took me 2 months to get my ability back. I learned much. Here's to a great 2022!!! 🎉🎉🎉👍

#artvartist #artvartist2021 Ive been seeing these posts in my feeds. This year was difficult. I started coming off of artist block lasting 6 months and hospitalization from Covid. It took me 2 months to get my ability back. I learned much. Here's to a great 2022!!! 🎉🎉🎉👍 submitted by Wulff1967 to Miniaturespainting [link] [comments]


2021.12.09 09:27 ShortAlgo $EBON Waiting for Short signal on EBON https://t.co/NABh76rYen

$EBON Waiting for Short signal on EBON https://t.co/NABh76rYen submitted by ShortAlgo to UltraAlgo [link] [comments]


2021.12.09 09:27 Existing-Ad-8028 Idk what to do

I am in my final year of aeronautical engineering from India, I want to apply an MS Aviation and aerospace management degree in Purdue, is it normal to do this right after undergrad with no work experience?
submitted by Existing-Ad-8028 to gradadmissions [link] [comments]


2021.12.09 09:27 peacekatll ⚔️ AlienX ⚔️ a Fantasy Anime Style PVP Play-To-Earn NFT game ⚡ Launching Now on BSC ❤ Low Marketcap!! ☀︎ Join our telegram!



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submitted by peacekatll to cryptostreetbets [link] [comments]


2021.12.09 09:27 I_Like_Pringless Island above the clouds, me, Pencil and marker, 2021

Island above the clouds, me, Pencil and marker, 2021 submitted by I_Like_Pringless to Art [link] [comments]


2021.12.09 09:27 Well-to-doGaming every fucking time mom

every fucking time mom submitted by Well-to-doGaming to memes [link] [comments]


2021.12.09 09:27 evilscotsmanjock How many t-shirts currently exist across the world?

submitted by evilscotsmanjock to NoStupidQuestions [link] [comments]


2021.12.09 09:27 ShortAlgo $EGO Waiting for short signal on EGO https://t.co/6nvm6ags7E

$EGO Waiting for short signal on EGO https://t.co/6nvm6ags7E submitted by ShortAlgo to UltraAlgo [link] [comments]


2021.12.09 09:27 NYMPHALl Epic Games to give 13 games for free this month

The first one being Shenmue III !
Source : https://twitter.com/dealabs/status/1468919331216105479?s=21
(The same ones who leak the PS+ games every month)
submitted by NYMPHALl to GamingLeaksAndRumours [link] [comments]


2021.12.09 09:27 nobjos To leverage or not to leverage?

To leverage or not to leverage? Imagine a world,
a world where your returns are doubled,
but so are your losses,
a world where you can beat SPY,
but it can bankrupt you as well.
Welcome to the world of leverage!
While researching for my last article, I came across this interesting survey that highlighted the increasing use of leverage by retail investors. The key part that stood out was
40% of investors said they have taken on debt to invest, including 80% of Gen Zers, 60% of millennials, 28% of Gen Xers.
80% of Gen-Z borrowing money to invest seems to be very high. And it's not like they are taking inconsequential amounts.
Of those who took on debt to invest, nearly half (46%) borrowed $5,000 or more.
While I am not questioning the outcomes from their survey [1], I ran a similar survey with drastically different results. As you can see below, only around 13% of the responders have used borrowed funds while investing in the market [2]
https://preview.redd.it/j26rf11mag481.png?width=596&format=png&auto=webp&s=7c1e313b0bcd9c9ee323bff0b1d43217d5b8aaf0
No matter the variations in the results, the key insight is that a large number of retail investors are using leverage while investing. So in this week’s analysis, let’s do a deep dive into the world of leverage.
Leverage - A double-edged sword!
Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal - Warren Buffet
For those unfamiliar with the concept, investing with leverage is very simple.
Let’s say that you had $10K in your brokerage account. You have a high conviction stock that you think is going to have a very good return in the next year and want to invest more than $10K in the said equity. You can take another $10K as a loan from your brokerage staking your entire position as collateral.
Assume the stock went up 10% over the next month and you exit the position.
https://preview.redd.it/hcr7gc3nag481.png?width=1020&format=png&auto=webp&s=011109f967d4dc937ea1d665942c20ed0b0511d8
This is the magic of leverage. You used a 2:1 leverage on your investment and doubled your return. (It won’t exactly be double as you have to pay some amount as interest for the money lent to you. I have ignored it for ease of understanding)
Why leverage is known as a double-edged sword is because of what happens when the stock price tanks. Let’s assume that the stock went down 10% and you had to exit the position.
https://preview.redd.it/mwnch95oag481.png?width=1017&format=png&auto=webp&s=c0f6a60446ad2ebc1235289c96c9170970fdcf0c
The 2:1 leverage would literally double your losses [3] since your exposure to the stock was double that of your initial available capital.
Now that we know what the benefits and risks associated with using leverage are, let’s look at the current trends in the market.
Rise of leverage in retail trading
Trading on margin is just one way of using leverage while investing. While there are more exciting ways to lose money using leverage (Options, Futures trading, etc.), in this article we would be focusing only on leveraging using borrowed money.
The below study from BIS shows an ever-increasing demand for leverage from retail investors since 2019. By Dec’20 the total amount of debt stood at $750 Billion, the highest level on record since 1997 (Inflation adjusted). Adding to this, retail investors are using options now more than ever before. A study by Goldman Sachs showed that retail brokers alone are now trading more options than the entire market used to do in 2019.
https://preview.redd.it/eeci2j9pag481.png?width=663&format=png&auto=webp&s=dc5c3b6aba260de1b16ae93e9fc137bf79b52df1
The pandemic has only accelerated this trend as showcased by the Harris Poll. 46% of the responders stated that they have either bought options or bought on margin since the pandemic has started.
https://preview.redd.it/mzgwi4zpag481.png?width=960&format=png&auto=webp&s=960a37d5757046309b260aea0ef9195cd0d651ab
It’s not that using leverage is inherently risky. The way many of them are obtaining leverage is a cause for concern. The below chart shows the source of funds used by investors for using leverage.
While borrowing from friends and family can be considered interest-free (it does come with its own set of issues), on average, personal loans charge 9% to 13% APR and credit card debt on average charges a whopping 15% to 23% in APR.
https://preview.redd.it/tfkmhuyqag481.png?width=830&format=png&auto=webp&s=80892f4d7e191eae3c0a1ccad5b6afadcee96b2f
The issue here is that just to break even on the investment, the stock or the portfolio must go up somewhere between 9% - 23%! Imagine picking the right stock with it going up by 20% only to lose money in the end because you used the wrong leverage.
How to use leverage correctly?
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” - Archimedes
Leverage used correctly can be a powerful tool in growing your portfolio. As per a study published by APR, more investors prefer concentration over leverage while thinking of maximizing their expected return.
What this means in plain English is that most of us will just allocate larger and larger portions of our portfolios to stocks expecting a better return, whereas ideally, you would have got a better risk-adjusted return if you had a well-diversified portfolio and then leveraged that [4].
https://preview.redd.it/ouqmopesag481.png?width=690&format=png&auto=webp&s=20cffa7d31e8b8aa321dd4f51246e5d84cec51a5
Ian Ayres and Barry Nalebuff (both professors at Yale) argued in a 2008 paper that it’s responsible for young investors to use leverage. The argument made is that when we are young we need to maintain a lot of exposure to stocks but we would be cash poor. The solution is to use margin to invest in equity and gradually decrease the percentage of leverage as you become older. This in the end would end up providing a much better-expected return.5
But using traditional leverage while investing comes with its own risk
  1. Limited access to cheap debt: Not everyone might be eligible for getting a loan that’s cheap enough to make sense for leverage investing. Depending on your current assets/credit score, the loan you get might be sustainably more or less expensive than the next guy!
  2. Margin call: If you are using a margin account from your brokerage and are unable to maintain the margin requirements set by your broker (i.e, value of the margin account falls below the required amount), unless you have enough cash to cover the position, the brokers will liquidate your position themselves and cover their loan.
  3. Risk of loss greater than initial investment amount: In our first example, we only considered what happens when there is a 10% loss. Imagine a scenario where the company you invested in files for bankruptcy. Then you would lose the 10K investment you made and still owe another 10K to your broker making it a 200% loss on your investment.
Given all these complexities, how would a normal retail investor realistically use leverage?
Leveraged ETFs
Leveraged ETFs take care of all the complicated stuff for you. It’s like investing in any other ETF (albeit, with a slightly higher expense ratio) where they use debt and derivatives to amplify the return of the underlying index.
A classic example is ProShares Ultra S&P500 (SPXU), where it tries to 2x the return of its underlying benchmark (in this case S&P 500) everyday.
As you can see from the below chart, the returns are magnified when compared to the normal S&P-500. Another example is TQQQ which (3x leverage of Nasdaq) has generated 57.86% CAGR over the last 10 years compared to the 22.67% CAGR of QQQ.
While leveraged ETFs present a rosy picture in returns, they do come with significant risks. The single most important issue with leveraged ETF is that it breaks the number one rule of Warren Buffet - Never lose money.
Leveraged ETFs work amazingly well when it’s a bull market. But imagine a hypothetical scenario where the market drops 20% in one day. The 3x leveraged ETF (since it has to close its position every day) suffers a 60% drop. Now the market has to only go up 25% for the regular investor to break even on their index fund. But for someone who had invested in a 3x leveraged ETF, the market has to go up 50% for their fund to even break even. In an outlier scenario where the market drops more than 33%, you will suffer a 100% loss6 in which case it’s game over.
Conclusion
Leverage is that magical thing that works until it doesn’t. When it doesn’t, it does not look pretty. Ask Bill Hwang if you don’t believe me! He had an amazing run where he converted 200MM into $20 Billion in 10 years (which is phenomenal considering the scale he was working with), then lost all of it in just two days due to an extremely over-leveraged position.
Granted, the optimal use of leverage while investing would end up giving you outsized returns, but the extremely complicated nature by which you have to rebalance and carefully adjust your portfolio is far beyond the skill-set of most investors. You don’t have to take it from me, take it from two of the most successful investors of our time.

“If you’re smart you don’t need leverage; if you’re dumb, it will ruin you.” - Warren Buffet

“There are only three ways a smart person can go broke: liquor, ladies and leverage” - Charlie Munger
Until next week…
Footnotes
[1] The survey was conducted by Qualtrics. it was an online survey of 2,046 U.S. consumers — of which 994 were investors — from March 30 to April 6, 2021. The survey was administered using a non-probability-based sample, and quotas were used to ensure the sample base represented the overall population. All responses were reviewed by researchers for quality control.
[2] Either the sample from which they did the analysis was biased or the Reddit crowd is extremely risk-averse, both of which seem to be not realistic. Let me know what you think about why the results are so vastly different!
[3] Same as with the gain calculations, in reality, your losses would be even higher as you would have to pay back the interest as well on the borrowed amount.
[4] This has more to do with the perception of risk. While concentrating all your portfolio into equity when you are young does not feel that risky (due to a longer timeframe), ideally, your risk would have been lower if you had borrowed money to invest in a well-diversified portfolio. But this intuitively feels riskier (borrowing money) for a large segment of investors even though mathematically it would give a better return over the long run.
[5] The argument made in the paper supporting leverage is that even if we end up blowing the account due to leverage, the capital loss would be lower as we would be young and we would have enough time to build up another account. This excellent video from Ben Felix explains the concepts in detail.
[6] Leveraged ETFs are so complex that they can be an analysis topic of their own. This video from Plain Bagel does a great job of explaining the risks associated with leveraged ETFs.
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2021.12.09 09:27 ShortAlgo $EURN Waiting for Short signal on EURN https://t.co/sxZUDT37C8

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2021.12.09 09:27 zaruskito Quem é mais criminoso ?

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2021.12.09 09:27 VisionOfSuccess99 Offering: English (native) Seeking: Japanese, Korean, or Spanish

I am a 21F based in the US. GMT -6 or CST. I am wanting to learn Japanese especially but open to having conversations with anyone. Hoping to make international friends so if that’s something you’re interested in, DM me. I am more than willing to help anyone who is seeking an English speaker. Groups are great as well.
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2021.12.09 09:27 Exotic_Stocks What we learned from crypto's trip to Washington: Morning Brief

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2021.12.09 09:27 PapayaFun9073 🗳Daily Voting Reminder🗳Your voting matters. You decide whether you want to have a better outcome! [ Link in comments section ]

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2021.12.09 09:27 Markotron3000 Climb down Petřín Lookout Tower | Prague

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2021.12.09 09:27 FevittLince How do I not take it so personally when a friend tells you they’re no longer interested in being friends?

They feel we just don’t vibe, it’s “just how they feel,” and “things change.” They apologized for not being honest for when they kept making excuses and when they ghosted me, but didn’t want to be mean or hurtful. I initially was hurt and overreacted because they could have communicated better about what was bothering them (this was over text. My overreaction was saying that if we run into each other, I’m not going to pretend I’m happy to see them, because I’m not going to sink to your level and fake shit.)
But after we parted ways, about a month later I apologized for overreacting and wished them well and they didn’t reply. I have to work better on moving on more easily. Wish I knew how to do that.
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