diff --git "a/reddit_finance_43_250k_392.txt" "b/reddit_finance_43_250k_392.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_392.txt" @@ -0,0 +1,10000 @@ + +>Moreover, unlike other trading markets, where investors go through an intermediary like the New York Stock Exchange, people can trade on crypto trading platforms without a broker — 24 hours a day, 7 days a week, from around the globe. + +>Further, while many overseas platforms state they don’t allow U.S. investors, there are allegations that some unregulated foreign exchanges facilitate trading by U.S. traders who are using virtual private networks, or VPNs.[9] + +>The American public is buying, selling, and lending crypto on these trading, lending, and DeFi platforms, and there are significant gaps in investor protection. + +>Make no mistake: To the extent that there are securities on these trading platforms, under our laws they have to register with the Commission unless they meet an exemption. + +>Make no mistake: If a lending platform is offering securities, it also falls into SEC jurisdiction. + +/ + +>Before I conclude, I’d like to note we have taken and will continue to take our authorities as far as they go. + +>Certain rules related to crypto assets are well-settled. The test to determine whether a crypto asset is a security is clear. + +>There are some gaps in this space, though: We need additional Congressional authorities to prevent transactions, products, and platforms from falling between regulatory cracks. We also need more resources to protect investors in this growing and volatile sector. + +>We stand ready to work closely with Congress, the Administration, our fellow regulators, and our partners around the world to close some of these gaps. + +>In my view, the legislative priority should center on crypto trading, lending, and DeFi platforms. Regulators would benefit from additional plenary authority to write rules for and attach guardrails to crypto trading and lending. + +>Right now, large parts of the field of crypto are sitting astride of — not operating within — regulatory frameworks that protect investors and consumers, guard against illicit activity, ensure for financial stability, and yes, protect national security. + +>Standing astride isn’t a sustainable place to be. For those who want to encourage innovations in crypto, I’d like to note that financial innovations throughout history don’t long thrive outside of our public policy frameworks. + +>At the heart of finance is trust. And at the heart of trust in markets is investor protection. If this field is going to continue, or reach any of its potential to be a catalyst for change, we better bring it into public policy frameworks. + +I know when Gensler was appointed there was much hope that he would take a very soft line on crypto markets, it would seem that he is laying out firm intention at this point to pursue fraudulent and misleading offers heavily. Obviously nobody knows what this will look like in practice, but I'm sure anyone who's been paying attention to that space long enough has seen a few coins that ended up being scams of some sort. +The EV craze is seeing another ops, the reverse merger of Microvast. **On Nov 13 a letter of intent (LoI) has been signed related to a business combination with Microvast Inc.**, a market leading provider of next-generation **battery technologies for commercial and specialty use electric vehicles** + +This name already came up on WSB gents, so the below it’s more of an in-depth DD before the next bell. Good to credit other DD as well for a sort of empirical work in calling the Company’s Texas HQ (LoL) + +**// What the heck is Microvast?** + +Founded by Yang Wu in 2006, **Microvast is focused on driving mass adoption EVs** and its battery technology boasts best-in-class charging speed, battery life, energy density and safety performance. Key takeaway: + +* **In a nutshell**: headquartered in Houston (TX, USA), 6 locations worldwide and +2,500 employees. Over 700+ R&D staff (30+ PhDs, and 100+ master degree). Over 426 patents and patent applications which covers the whole Li-ion battery chain, including battery material (cathode, anode, separator, and electrolyte), cell, pack, BMS, powertrain, and related equipment +* **10 mins, faster than you**: the Company has been an innovative industry leader for over a decade and has clear visibility to future growth from its existing pipeline across commercial markets including e- buses, vans, trucks, passenger vehicles, automated guided vehicles, forklifts and mining trucks. They have a battery system that enables 10 minute charging times with limited degradation based on lithium-titanate technology (game-changer, Toshiba apparently the only very-close competitor) +* **Vertical Integration**: its strategy extends from core battery chemistry, including cathode and anode materials, electrolyte, and membrane separators, to application technologies including battery management systems (BMS) and other power electronics. Higher quality, lower costs as by integrating the process from raw material to system assembly, Microvast is able to provide customized solutions with reduced project development time and controllable cost +* **Strategic growth**: as of October 2020, the Company had more than 40,000 electric vehicles powered by Microvast battery systems operating in 170+ cities within 19 countries, which have accumulated over 4 billion kilometers driving distance without any operation accidents caused by batteries. Plus, an impressive, growing list of global OEM customers, and a strategic partnership with Fiat Power Train Industrial. Bottom line is: real products with real-world adoptions (E-buses in China, London, Germany Singapore), and strong focus on R&D and diversification in terms of regional coverage which makes it less prone to regulatory risks or investigations (e.g. Chinese Probes). Notably, electric buses during the 2018 Olympic Games in South Korea featured Microvast batteries +* **No real financial available** (🚩). Nonetheless, take or leave it, Mr Wu (founder and CEO) stated “Microvast expects to generate over $100 million of revenue this financial year. Our potential transition into a public company will help continue to fuel our design and development of market-leading ultra-fast charging, long-life battery power systems” +* **Real production sites and product dev** (🟢): Microvast started its Li-ion battery production in Huzhou, China since 2009, automatic cell production line (Phase II) and automatic module production with semi-automatic pack production line (Phase II) in place. Phase I and II in operation since 2009, Phase III started its construction since Mar 2017 +* **Clean City Transit project with an ultra-fast charging network**: the CCT plan put forward by Microvast is based on fast charging, long life and safe battery technology, and aims to facilitate the electrification of urban transport systems by progressively introducing battery systems while minimizing disruption to urban infrastructure, first to city buses, then to taxis and finally to passenger cars + +**// Ok so what should I buy? THCB** + +* **THCB** is a blank-check company initially aiming to bring a cannabis company public. Then, they decided to switch to the EV space following the trends we all know. The Chairman and CEO stated “Microvast has a compelling financial profile, with significant historical revenues as well as projected growth and profitability”. Total valuation exceeds $2Bn +* 75 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission. These institutions hold a total of 39,345,200 shares. Largest shareholders include BlueCrest Capital Management Ltd, Mizuho Securities Usa Llc, Bank Of Montreal /can/, Hudson Bay Capital Management LP, K2 Principal Fund, L.p., Cnh Partners Llc, Polar Asset Management Partners Inc., Alberta Investment Management Corp, Sage Rock Capital Management LP, and Periscope Capital Inc +* In March 2019, the Company consummated its IPO from which it derived gross proceeds of $276,000,000 (including $36,000,000 from the exercise of the underwriters’ over-allotment option). Like most blank check companies, the charter provides for the return of the IPO proceeds held in the trust account to the holders of public shares if there is no qualifying business combination(s) consummated on or before a certain date (in this case, December 7, 2020 or above, see below) +* On December 3, **THCB** will vote a proposal to extend the date by which it has to consummate a business combination from December 7, 2020 to April 30, 2021 +* EarlyBirdCapital has been the sole book-running manager and underwriter. The previous merger consumed by EarlyBirdCapital are significant. The latest include TTCF (+59%), VLDR (+55%), BWMX (+204%), AVCT (-42%) and (-16%) + +**// Don't fuck with me, what are the risks?** + +The completion of the transaction is subject to, among other things, the execution of a **definitive agreement** (which has already taken place for //AvePoint instead, see my other post) approval by the two companies' boards, satisfaction of customary closing conditions and approval of the transaction by each company's shareholders. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms currently contemplated or at all. If a legally binding definitive agreement is entered into, a full description of the terms of the transaction will be provided in a registration statement and/or a proxy statement of SPAC to be filled with the SEC + +**// I don't want to read, bottom line? TL;DR** + +* **Microvast considers itself a leader in developing ultra-fast and long-lasting battery power systems for electric vehicles**, around since 2006. Unlike other companies involved in SPAC deals, **Microvast has developed an existing product** (electric buses during the 2018 Olympic Games in South Korea, Shanghai, London, Germany, China and Auckland) +* After hours trading on Wednesday 25/11 saw a +12%, while the trading day closed slightly positive with no significant spike. **Business combination hasn’t been approved**, we have just an LoI, which amplifies the risk of a no deal as the two haven’t entered a definite agreement +* \+7.40% on Friday 27/11, **still very manageable price**. I would buy at retracement S1 or R1 for the true autists, monitor the proxy statement vote on Dec 3, forget about it all the way until other rumors about the business combination. Looking at the EV space, after a news I would TP 60% capital invested TP @ +20%. Look at the overall market conditions in Dec/Jan (depending on the business combination) and TP the remaining @ +40% upside + +*Disclaimer: all images should be credited to Microvast Inc. or other sources. This does not constitute and has not to be intended as a financial advice or solicitation of any kind. I hold a long position in* **THCB.** +I am poor and have been for the majority of my adult life. I often feel out of my depth on reddit, because I'll see a conversation about jobs and someone's like "yeah, I was making 96k at my last job, but I didn't like the benefits package so I jumped ship to XYZ company. Now I'm making 125k and I get dental". + +It's like, damn dude, what are all these people doing to end up making piles of money? I have a decent work history and a bachelor's degree and I make about 14k a year. And that's with me actually trying. + +I'm not just trying to bitch about being poor, I just always feel like such a failure when I look at other subs where apparently everybody is a combination lawyer-engineer-doctor-astronaut. It's good to be able to talk finance with people who understand what it's like to choose between paying the electric bill and paying to fix whatever is making that horrible grinding sound in the car. +I don’t know where to post this, I hope it’s okay if I post it here. + +My wife was told that, because she’s not required to come back into the office her company is asking her to receive product and materials to her home and store them. Normally she’d have this stuff shipped to the office and stored there, because it’s a lot. Our spare bedroom is now overrun with product and basically can’t be used for anything else. A coworker of hers said she should deduct part of our rent on our taxes but I have no idea how that would work. She’s a full time employee, no a contractor so I’m not sure if she can even do that? + +Any help would be appreciated. + +EDIT: Based on some of the comments I think there maybe a misunderstanding of what is being stored. They’re product and material samples my wife uses for building designs. When the design is rendered she sends a materials package to the client so they can have a physical reference for the materials and finishes used. She orders these samples from vendors and with few exceptions these are free and crime statistics regarding the theft of such samples are at a historic low. +Greetings fellow crypto investors! + +I know this is not the first time $VIDYA has been posted here, but I would like to draft my own post and give my own opinion on this project as to why I think this is the biggest gem in all of crypto right now. + +# DISCLAIMERS + +First off for the sake of transparency, roughly 85% of my portfolio is $VIDYA with an average cost of around .22 cents, and I do not plan on taking any profits until $5 minimum. Secondly, if you are looking to invest in a shitcoin that will make you rich overnight, there is definitely a possibility of that happening here which I will explain later, but I think the true winners will be the ones who hold this one long term. With those couple things out of the way, lets learn a little bit about what $VIDYA is. + +# FUNDAMENTALS + +$VIDYA aims to be a platform that allows talented game developers to build and deploy their games within their ecosystem. The team behind this project (Team3D) will also be developing games for this platform, the first of which will be a First Person Shooter (FPS) game. I HIGHLY recommend you check out the website and discord which will all be linked below and check out the teaser, as well as the dev updates that are frequently posted because this game seriously looks like it's going to be incredible and I personally cannot wait to play it. + +With the global gaming sector being worth around $162 billion dollars and growing, there is huge potential for growth here given that the market cap of $VIDYA is currently..... wait for it..... **$15.2 MILLION.** This is absolutely tiny given what this project will eventually end up being! For some perspective, the market cap of ENJ is over $2 billion alone right now which is absolutely massive, and I can easily see $VIDYA eventually growing to a number like this once the entire project is fully launched, which from the current market cap would be a 132x gain! + +Moving on, let's quickly talk about everyone's favorite topic in crypto right now, **NFTS!** That's right, as if this project could not get any better, there is a fully functional NFT inventory system that can be viewed on the website right now! The potential for what can be done with this system is endless, so let's just name a few of the perks. With multiple games being launched on this platform, players will be able to use their NFT items in whatever game they choose to play. This could range from many different collectible cosmetic items for the player's in game character(s) with a wide variety of rarities, making this a gold mine for NFT collectors! There has also been talks about having weapon skins as NFT's for the FPS game that will be releasing, and we all know how popular weapon skins are in any FPS game that has ever been released. Imagine combining that hype with NFTs! These are just a few of the things I could think of off the top of my head but the opportunities here are truly endless. + +Lastly, I just want to add a few things in regards to the team. The team is extremely transparent and easy to reach through discord which is a huge bonus that a lot of projects lack. You can tell that the team is very passionate about what they do which is a main catalyst for success in my opinion. Their website which will be linked below is one of the coolest that I have ever visited, and it is very easy to tell that these guys absolutely know what they are doing. + +# Recent Performance + +For those that are more curious about the potential gains to be made here rather than the tech, let's dive right in! + +* At the time of this post, $VIDYA has already done a 10x move from March 7th until now (Under a month!), moving from .038 cents to 38 cents. This is an absolutely massive move in that timeframe, and with the market cap still being only $15.2 million, there is still plenty of room to grow! +* $VIDYA is the number 2 best performing crypto in the NFT section on coinmarketcap in the past 7 days which is a massive accomplishment! This will help get a lot of eyes on the project, and it is very bullish that we are currently number 2 in the hottest sector of crypto to ever exist! +* There are currently 2200 holders which can be seen on etherscan, and this number has been increasing by almost 3% per day for the past week or so. This means that people are slowly learning about the project and buying in, and early investors are not selling which is a great sign! + +# Potential Price Action Moving Forward + +On top of the recent performance, let's talk about the future here. There are plenty of events coming up during Q2 that I believe are going to drive up the price in a parabolic fashion. + +* The fact that the team has done almost no marketing for this project yet at all is pretty amazing. They plan to begin marketing once they have a working product, and once we get some proper marketing and more exchange listings the price will surely go up. All of the price action thus far is simply from word of mouth which is pretty incredible! +* The FPS game trailer and beta launch is happening this quarter, and I think it goes without saying that this is going to be a massive stepping stone for the project. More upcoming events can be seen on the roadmap on the website or in the discord! +* This one is a bit more speculative, but the youtuber by the name of JRNY Crypto is releasing a top 10 gaming altcoin video within the next couple days, and there are a few reasons that I believe $VIDYA will be mentioned in this video. Firstly, JRNY is part of the marketing team for the very popular project Shopping ($SPI). It just so happens that Team3D are the ones that built $SPI's staking system, so they absolutely know who we are! On top of that, the recent upside price action without any public news makes me think that JRNY has been telling his insider groups to buy before he publishes his video. I could be wrong about this, but I figured I would throw it in here because if this happens the price is going to go through the roof. + +# Roadmap + +Here is an update on the current roadmap posted by the lead developer / founder of the team! + +"Right now we're working on blockchain and game development at the same time with teams for each working in tandem. Currently, our roadmap looks like this: + +\>Merchant, Astronaut, First-person shooter closed+open testing, Matic integration, Company website + Easy doxx, Whitepaper v1 (Q1-Q2) + +\>Generator on Matic (Fixed duration LP staking), Fabricator (Crafting mechanism for NFT's), Vidya systems + NFT + token integration + docs (Q3-Q4) + + \>Full NFT-based pet game (top sekrit), VR/XR social, gaming and defi (From Q3 - Q4 2021 to Q1 - Q2 2022) Time frames are estimates and may be sooner or later than we expect, though we are fully engaged in building and will likely venture into things like VR releases much sooner than the estimate provided" + +# Wrapping up + +There is so much more that I could say about this project and I am sure I missed a few things, but I do not want this post to get longer than it already is. I truly believe in this project and hope I was able to shed some light on it for everyone else! I seriously encourage you guys to join the discord and ask your own questions, DYOR, etc. I will leave a list of useful links below. Feel free to ask questions in the comments and I will answer to the best of my ability + +# TLDR + +* Gaming and NFT altcoin gem with $15.2 million dollar market cap +* Number of holders is rising steadily everyday +* Aiming to be the biggest Gaming/NFT ecosystem in all of crypto +* Massive events coming up in the next few quarters +* Dedicated development team with many legit partners and projects +* It's not too late, this truly is just the beginning + +# Useful Links + +Discord - [https://discord.gg/amRfHNej](https://discord.gg/amRfHNej) + +Website - [https://team3d.io/](https://team3d.io/) + +Team's Website (yes they have other partners and products!) - [https://web3.builders/](https://web3.builders/) + +Coinmarketcap - [https://coinmarketcap.com/currencies/vidya/](https://coinmarketcap.com/currencies/vidya/) + +Etherscan - [https://etherscan.io/token/0x3d3d35bb9bec23b06ca00fe472b50e7a4c692c30](https://etherscan.io/token/0x3d3d35bb9bec23b06ca00fe472b50e7a4c692c30) +Remember the ATH's back in Dec 2017 and the way this sub ballooned in subscriptions. + + +After the crash there were many that appeared to have made first investments in and around that period and were badly rekkt. + + +Many posts were of quite bitter sentiment and resentment towards crypto afterwards. + + +To be fair, no "be cautious" posts ever seemed to be upvoted. Lets admit it, when bags are pumping the last thing that will get upvoted is be careful if you're thinking about pumping them some more. + + +So here's an attempt this time round, it will most likely gain little traction but its an attempt at least. + +The amount of money that has flowed in to crypto recently can just as quickly flow back out again, so please don't wind up getting caught out by the tide. + + +Crypto is here forever so no need for FOMO, stay a while and have fun learning that's something that the market can never take away from you. +This drives me nuts. It happens a couple times a month. We have a customer order our product (I run a monthly food subscription for men). We ship on time with a UPS tracking number. Always AFTER the product has been delivered, the customer calls their bank and says the charge was fraudulent or they never received the product. We issue our case showing the order information, IP addresses, tracking numbers proving delivery, and still we always lose the claim! + +The most annoying ones are people who order 3 month subscriptions and wait until we have sent all three crates to call their bank and issue a chargeback - so shady! This comes right out of my pocket as a small business owner and I am powerless to do anything about it. + +*Except* promote payment methods that protect me as a seller. That's why I just upped our bitcoin discount on Coinbase to 10%. + +/rant + +Edit: It was pointed out to me that I didn't include the business. *Facepalm*. http://mantry.com/bitcoin-bacon/ +Look at the number of posts negative of bitcoin. They know no patience and want you to lose yours. Now look at the pump in bitcoin cash, bcash. Attack #3 is underway. All hands on board. +I parked my car in public lot. I don't use my car during the workweek since I take public transportation. This morning I see a note on my windshield saying I hit someones car and they want me to settle it with them. They left their phone number and name and they said they noted my info (I guess just license plate?). It wasn't dated, so it could have been put there anytime between Sunday and this morning. + +The note didn't detail anything about the damage and the only "proof" they have it was me was that the spot I parked in was empty when they parked there, at least according to the note. + +Now, from what I remember on Sunday night, I parked next to a large truck/SUV that was a little over the parking spot line but nothing terrible, since my car is two door civic that fits nearly everywhere. I definitely did not hit his car with mine, but maybe my backpack or something did? I suppose that's possible but again only because there wasn't a lot of room due to the limited space between our cars. But even if that's the case, I can't believe that caused any actual damage. + +I'm pretty sure he did not file a police report or make an insurance claim, since I probably would have been contacted by now if he did. + +Just curious to know if anyone has any ideas for what to do. + +1. Ignore it? +2. Call him and tell him I'm not responsible and not paying anything. +3. Call him and tell him to file a police report and insurance claim if he thinks he can prove I did it? +4. File my own police report? +5. Call my own insurance company? + +EDIT: Wow, I wasn't expecting so many replies, I had a ton of comments to read through. I always considered myself aware of normal scams since I browse this sub all the time, but this was a new one to me, even though its pretty close in concept to all the others. Thanks to some of you for posting links to resources about the scam as well! I will not be calling the number left to me, but I will likely reach out to my local police if they are open tomorrow to report this. Who knows, maybe there are other people affected by this and having one more report will help. + +Happy Thanksgiving, everyone. +Hi. + +Throwaway for obvious reasons. My current credit score is 199 on Clearscore and 488 on Credit Karma. Over the past 36 months I have had numerous loans and credit cards that I have defaulted on. For the longest time I kinda just left it be. More recently though I've been trying to assess my finances a bit more and be more pragmatic and smart. I wish I sorted this earlier as I am a week from payday from my new job and I wish I had a credit card right now. Karma comes around, right? I'm 2 months without pay due to work transitioning and kinda just need something but oh well, hopefully my items sell. Either way: + +I'm 22 and I make £35,000 p/a working in the IT Sector. My current bills are as follows: + +|Bill|Cost| +|:-|:-| +|Rent|550| +|Bills|60| +|Travel|330| +|Other subscription services|50| + +Once I move for my job in the next few months it'll likely change to the following: + +|Bill|Cist| +|:-|:-| +|Rent|800| +|Bills|200| +|Other Subscription Services|50| + +I make a fine amount of money and I should not be where I am. I was a young, reckless teenager and I think it's finally time I grow up. How do I do this? How do I know who owns my debt right now? Is there an easy way to consolodate this? How do I begin this road of recovery? I don't want my finances looming over me and I don't want to be scared of opening letters that come through my door any more. + +Any help/advice would be appreciated. Sorry if this seemed like a rant, it kinda is, but I do really want to change this now. +* AMD = OG YOLO +* IV near all-time low (cheap options) +* SP at 20% discount to analyst consensus +* Advanced Mooning Devices +* They destroyed 4Q20 Earnings +* AMD Guided to the Moon for 2021 +* Sue Bae + +RIDE WITH ME TO VALHALLA + +Positions: + +[300x AMD 02/19C 89.5 @ $3.49](https://i.imgur.com/TT4nnRp.png) + +[286x INTC 02/19P 40 @ $0.10](https://i.imgur.com/TT4nnRp.png) because FUCK INTEL + +This is not investment advice, but here are 69 rocket ships: + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: [Update here](https://old.reddit.com/r/wallstreetbets/comments/lgx0fn/amd_105k_yolo_dd_update/) +Currently in uni and thinking about matched betting, but are there any long-term downsides (like mortages and loans) other than the obvious of exposing yourself to gambling? +I was wondering if health insurance was worth it on simply financial terms. For example if health insurance costs a person 400,000 over a lifetime but they only use 350,000 of healthcare services over their lifetime it would appear having health insurance was not worth it. Of course they call it insurance because it protects you in case of something catastrophic like a car accident or cancer. +With the recent posts about strippers seeing clubs empty and watching car dealership lots fill up with more and more vehicles, I am starting to think the bottom will be falling out soon. People everywhere are starting to tighten their belts and seem to be consuming less and less unessential goods and services, which is already a worrisome sign. + +However, there is one atomic bomb I believe a lot of people are overlooking that plagues about 45 million Americans. That bomb, is student loans. These loans have been frozen for a couple years but are set to go back into repayment soon (but will likely be pushed to after the midterms). Once student loans go back into repayment, I believe the bottom will completely fall out. + +This is for a variety of reasons. The most critical being that a lot of middle class people can barely handle the inflation now even with the student loan pause and once they are getting reamed for another few hundred bucks a month (after taxes) they will feel the inflation like never before, panic, stop investing, stop consuming unessential goods and will thereby cause a massive market collapse. + +Conversely, if they forgave student loans it would likely help in the short term but would also greatly increase the deficit and the problem of hyper inflation would still remain and would likely get even worse. I am curious to see what will happen with this. It seems like there is no good long term option to solve this problem aside from axing the interest completely and allowing student loan debtors to have much better deductions for paying their loans back. But we know that will never happen. +23M, 25k siting in bank. Thinking to put everything in index funds 500, is vanguard best choice if yes,which one index funds best to choose? never invested before. also I am saving for house but only planning to buy in 2-3 years time. thanks +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +Good Morning All, + +I am trying to create a parallel portfolio made only in ETFs on Degiro and I'd like to get your opinion around the following ones: + +**CSPX** + +**EMQQ** + +**BATT** + +**ELCR** + +**ESPO (not really sure about this about future)** + +**XDBC** + +**WCLD** + +They are almost in TER lower than 0.60% with YTD return higher than 10%. I am trying to find out another one related to banks and Uranium/Nuclear on EU markets (as Degiro is not offering US ones) but I am not able to find them out. + +Thanks in advance for your opinion! +Hello all, + +I've only been investing since January and I put 10% of my bi-monthly paychecks into my ETFs with a 30 year time frame. I know that some people like to have cash on the side just in case of a crash or correction. Is it smart to do this or would I just be better off adding to my investments because you can't time the market? + +I don't really have more money to play around with so I won't be able to go hard in case of a correction or crash. Something I thought of is just adding 5% to my investments and holding 5% for just a few months until I save up a decent amount just in case of crash/correction, but I just don't like the idea of my money sitting around doing nothing. What do you guys think? +I have 80% in the global market with extra weighting in the S&P 500. I’m looking to add 20% of riskier growth stocks to my portfolio. This is money I can afford to lose and I’m aware how volatile thematic ETFs are. I’m planning to add weekly for the next 10 or more years. I’m from the UK so ARK ETFs are not available, however there are many alternatives. + +I don’t want to choose a single niche as I feel this brings added risk, but am considering buying a range of ETFs, maybe 5 or more to diversify my risk. + +Some of the thematic ETFs I’m considering are: + +HEAL - iShares Healthcare Innovation +FTEK - Invesco KBW NASDAQ Fintech +ITEK - HAN-etf Tech Megatrend +FDNI - First Trust Dow Jones International Internet +RBOD - iShares Automation & Robotics +BCHN - Invesco Elwood Blockchain +INRG - iShares Global Clean Energy + +What are you thoughts on if this a good or bad idea? Are there any ETFs you would 100% leave out or include? Any pros, cons or alternative ideas would be appreciated. +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many r/ETFs investors who take the time to provide others with feedback! +Hi! + +I only invested in ETFs so far and now wonder whether I could *reduce* its volatility by adding fews single stocks. Single stocks would make up max. 20% of the portfolio's worth. + +I am a beginner but, AFAIK such stocks should have a relatively low volatility and be weakly (but still positively) correlated with the general market. I never owned single stocks, so I might be completely wrong. + +Question 1 Does the general idea (reducing volatility with single stocks) make sense theoretically? + +Question 2 If so, which types of stocks should I look into? Put it differently, which types of stocks are used as (relatively) safe investments? + +Current portfolio is worth ca. €25k. Approx. allocation: World SRI (75%) World small Cap SRI (12,5%) Emerging markets ESG IMI (12,5%) + +I'd be grateful for any help in this direction (suggestions, links, keywords, investment strategies). +Hi All, + +I’m new to the ETF game. I was wondering if you guys can take a look at the 3 funds below and tell me what you think. My goals is aggressive growth and momentum based ETFs. I’m rather young so I can tolerate a fair amount risk and volatility. I plan on holding for a couple of years. + +ARKK, QMOM, KOMP + +Any input would help. Thanks. +Hi , + +I'm sorry for my english, it's not my first language. + +I always heard that VBR isn't the best small cap value fund because it has some mid cap and is not as tilted to value as AVUV or SLYV. + +But if i want exposure to Small cap value but also to mid-cap value, is it better to just own VBR, knowing it has some mid cap companies and has cheap ER and good liquidity , or to add a mid cap value like VOE for dedicated mid cap exposure? +I'm starting to invest in ETFs together with a friend since we're both starting our careers and so it's time for us to start investing. + +We've heard of people who became completely financially independant, living off accumulating ETFs only. The reason we are going for accumulating ones is because tax on dividends is pretty substantial in our country. I was wondering how you actually live of the ACC ETF's. I've learnt about something called the 4% method in some presentation I watched, does this mean every year you sell 3-4% of the ETFs you own? + +Bonus question: Any recommendations for ACC ETFs in Belgium/Europe? +Just joined this ETF subreddit today! I’m 25 and have been invested in both VTI and VUG since Jan 2020. I initially bought 25 shares of VTI at a price of about $165 and 25 shares of VUG at a price of about $190 and as expected they have done really well even through the pandemic and that scary dip in March of last year. I plan on holding these ETF’s basically for life while continuing to make contributions whenever I can. I really only check on them about once a month. However, as far as my investment portfolio, this is all I own and I’ve been doing more research on this new QQQJ ETF and it sounds like a great addition to any portfolio. + +Just curious about what everyone else thinks about QQQJ? Is it worth buying since it’s so cheap or should I look at QQQM instead or perhaps other potentially better ETF’s? + +Thanks in advance! +I picked up some today, compared with pej before picking away. Travel and leisure have been beaten up from covid, but have made a big jump since early nov. +I invested in KRBN last year when its value was steadily going up. Due to the Russia-Ukraine war it’s price had a steep drop in March but has since stabilized back to where it was in December. I’m wondering if now is a good time to sell my shares or if this is a good longterm hold? Any thoughts on how price and demand for oil & gas will affect carbon credits and KRBN specifically (which is more EU focused) in the future? + I have been searching and reading here and many other places along the lines of what I am laying out in this post and I really have not found a compelling argument against this strategy. So before jumping into it I figured I would make this post as a last effort to be dissuaded. + +Why wouldn’t more people do this: + +100% TQQQ + +Initial investment $5000 + +Monthly contribution of $150 + +\[See images below for 10 year backtest\] + +\[These numbers are based on what I am willing to contribute to this personally.\] + +Keep it simple is the main idea. I do not want to be actively managing a detailed and constantly changing portfolio but I am willing to risk way more than just parking my money in a standard VTI/VXUS style portfolio. Just make the monthly contribution and just don’t think about it for at least 10 years. + +From my research, the main argument against this is the risk of panicking during a large downturn and selling for a massive loss. But what if an individual can handle watching a huge drop in their account and not make the inane decision to bail near the bottom? The other argument against that concerns me is the chance of the fund closing. I have included a longer article that goes into reasons why that is not a big concern. (ETF's actually owning the underlying securities as opposed to ETN's etc. that do not.) + +The only other consideration is loading up more on very sharp corrections. (Say, for instance, when the S&P 500 drops more than 10% or 15%.) + +&#x200B; + +https://preview.redd.it/bswm2iptbvl61.jpg?width=1242&format=pjpg&auto=webp&s=2e8107185c8c34a1568e55dc2bb03b5fd357f870 + +A more detailed(though slightly different strategy) run down on leveraged ETF’s as a long term hold: + +[https://www.optimizedportfolio.com/hedgefundie-adventure/](https://www.optimizedportfolio.com/hedgefundie-adventure/) + +Thoughts? +About 60% of my portfolio is in QQQM + QQQJ (mostly evenly, tiny bit weighted to qqqm), with smaller percentages in ARKF, VIOV, and a couple individual stocks. They're all through a Chase Bank brokerage account because... it's just what I've got. + +My question is why does Chase say almost 85% of my portfolio (everything but the VIOV + cash/short term) is allocated in large cap equity? Maybe not an important question, but I'm new to this and am hoping to have a diverse portfolio. Is the portfolio itself too heavily weighted to large caps, or is this just a weird Chase thing? Thanks! +Is there someone who invest in MSCI World and MSCI EM in 90/10 ratio? + +I'm thinking to build my core portfolio either by single FTSE All-World ETF or MSCI World + MSCI EM combo. The most popular ratio for second option is 70/30 but it has underperformed. I'm personally thinking to go with 90/10 ratio like FTSE. But maybe in future EM will outperform Developed, nobody knows. MSCI 90/10 portfolio slightly outperformed FTSE by 2.5%. Again that's past performance. + +Advantages of MSCI World + MSCI EM + +* Slightly less TER. 0.20%/0.18% vs 0.22% But the difference is very small. With 100k portfolio that would be 20€ per year. +* I can choose developed/developing ratio by myself, but most likely I'd go with 90/10 or 85/15. + +Question about FTSE + +* Is 90/10 ratio strict or do they adjust it? + +Advantages of FTSE: + +* If they adjust developed/developing country ratio it could be good advantage +* FTSE view South Korea as developed country and therefore has more allocation in to it. I personally view this as advantage. + +Any other suggestions what ETFs to add to such portfolio? + +I was thinking about MSCI Robotics and AI and also have extra exposure to India with MSCI India (I actually already have that in my portfolio for some time). + +&#x200B; + +Sorry if such discussion has been brought up too many times. +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +Hi All, + +I have moved my investments over to Questrade, which features free ETF transactions. + +My question for all you is how should I invest 10% of my pay into ETFs? My 10% (wealthy barber) every pay would be around $180 So really I could only afford 4 ETFs a month.. Is that pointless should I be investing into something else? + +&#x200B; + +Sorry if this is a silly question +Are there no advantages of having a target retirement date fund over ETFs like VOO or VTI? + +I don’t understand why some people would want to invest in ETFs for their IRA money? Does it make purchasing admiral shares easier than mutual funds? + +I am a beginner at investing. Sorry if this is childish question. +Looking to expand portfolio into sustainable ETF as I feel like this market isn't captured yet and I love to see green initiatives succeeding. + +Do you have any in your portfolio or are you looking .to the next hot ETF? +I understand the importance of diversification, but would it be wise to make an ETF that tracks the S&P 500 (IVV, VOO, SPY/SPLG) my core holding? I’m currently at 70% of my portfolio in SPLG (I’m only 25). + +I keep comparing ETFs to my SPLG and they simply do not outperform the S&P 500. Thoughts? +Looking to expand portfolio into sustainable ETF as I feel like this market isn't captured yet and I love to see green initiatives succeeding. + +Do you have any in your portfolio or are you looking .to the next hot ETF? +No this is not another ARK shilling post although I've been a huge fan of Cathie and ARK, etc. + +&#x200B; + +I'm shocked there's been almost no discussion on MOON ETF - my returns have blown ARK out of the water and the market cap is still <125M. Am I missing something here? Would love any insight. I'm aware that is not actively managed, I'm comfortable with the kensho moonshot index but I just wanted to gather your thoughts. +I have 80% in the global market with extra weighting in the S&P 500. I’m looking to add 20% of riskier growth stocks to my portfolio. This is money I can afford to lose and I’m aware how volatile thematic ETFs are. I’m planning to add weekly for the next 10 or more years. I’m from the UK so ARK ETFs are not available, however there are many alternatives. + +I don’t want to choose a single niche as I feel this brings added risk, but am considering buying a range of ETFs, maybe 5 or more to diversify my risk. + +Some of the thematic ETFs I’m considering are: + +HEAL - iShares Healthcare Innovation +FTEK - Invesco KBW NASDAQ Fintech +ITEK - HAN-etf Tech Megatrend +FDNI - First Trust Dow Jones International Internet +RBOD - iShares Automation & Robotics +BCHN - Invesco Elwood Blockchain +INRG - iShares Global Clean Energy + +What are you thoughts on if this a good or bad idea? Are there any ETFs you would 100% leave out or include? Any pros, cons or alternative ideas would be appreciated. +Hi. I'm trying to find an instrument that is lower in risk and longer in term for my wife. She trusts me with investment and my last recommendation went a bit too risky (ARK ICLN and VOO and VTI- the latter two were fine but still very much in red overall). Should I go for roboadvisors which will allocate things on their own? They rarely lose the original investment but it could be very slow or even no growth at times. Or should I put everything into VTI or VOO? I know this is a basic question but I'm seeking genuine guidance. + +Our profile, we're both in our mid 30s, I try to keep her investments separate because I tend to invest in more risky options. We don't own any individual stock and until this year, we only invested in Unit trust and savings insurance. We're not wealthy, but we can put away a couple of hundred dollars every month. all the investment is gearing towards retirement hopefully by 55. Thanks! +I’ve spent all of last paycheck’ ETH allotment and next paycheck’s (which I haven’t even received yet) on buying these damn dips. Got a really solid price this morning. Now let’s fuckin go. I’d love to see some increase and stabilization. + +Happy Friday to all. Cheers 🍻 +Hi all! + +This is exciting, isn't it!?!? Given all the commotion lately, I thought I would give some (unsolicited) friendly advice to the board that will hopefully help people make some smarter decisions. These are skills that I've amassed over an 8 year career on a prop desk. I am not an expert in cryptocurrencies by any stretch, but I have a better than average understanding of markets (I hope!) + +Here are some general guidelines to follow. +1. Don't panic! Ever!! Panic is the number 1 source of losses in trading. Always. The key to not panicking isn't to "just don't watch the price" or anything like that. The key is to believe in your trade. If you truly believe in your trade, it will come around. The drops in price don't necessarily mean anything, because... + +2. Traders/Investors/Amateurs LOVE LOVE LOVE taking profits. The "buy and hold and ignore all fluctuations" mentality only exists to a select few. The rest of us love locking in profits! I bet 9 out of every 10 newly minted millionaires or hundred thousandaires will exit their position. And they will do it so swiftly (because what if that's the top and they miss it) they are willing to push the market back down just to exit their positions. This is NATURAL. Those who like to hold for the huuuge rally are merely the vocal majority. Those of us who cover, we stay silent (because we don't want anyone to know that we got out in case it keeps going). + +3. News, not speculation, is the absolute number 1 thing to watch out for. If there is no news, don't concern yourself with the price. All this talk of insider trading and "i wonder if a firm/exchange/country is going to make a big announcement" is all going to lead to bad decisions. The best strategy is to read up as much as you can on ETH and make an informed decision if you want to be invested in it. You guys are focusing way too much on the technicals. "where is it gonna stop" "what does this mean" "our market cap is above $XXX" "we just dropped X%". All of that is garbage, simply because this is a NEW frontier, new market. This isn't XYZ corporation you are trading where technicals could (although still usually don't) matter. These markets are THIN (I've seen the order book). Any small amount of cash can move these markets HUGE. Focus on the news. On today's price drop while everyone was panicking, I was scouring the internet for any news, any announcements, things like that. THAT'S important. Saying stuff like "I'm gonna buy if it hits $2 because that's a cheap price!" is naive if you aren't sure that there wasn't an important announcement. + +4. This is probably a buy and hold trade. The risk/reward is INSANELY asymmetric, meaning the upside is way bigger than the downside (obviously). But that also means, there's no difference between $1, $2, $3, or $10. In the end this will either be at $0 or some insanely high number. So everyone stop freaking out. + +I hope that helps for now. That's just a start. I'm open to answering questions or PMs about how banks/prop shops/hedge funds view these markets. Good luck everyone. To the moon! +So I still have one year of high school until I graduate. +I want to be in med school... I know that this might not be the best thing for FI but I know that that's what's gonna make me happy. +I'm currently working for the holidays and saving like 2000 euros for this work (scanning archives for a big brand). +I do babysitting, I help children to do their homeworks and I'm getting paid 10 euros/hour. +As you can tell by the currency I'm not living in any country where english is the main langage but I learn it at school along with spanish german and latin with a major in sciences. +EDIT As some of you may have understood I'm currently located in France and I wish to live and study abroad. +I've honestly not really decided where yet. +I've already paid for my driver's license classes and I'm not gonna buy a car till I'm 18 or so. +What should I do next ? +Investing ? In what ? +Thanks for your advices :) +This sub was built on speculative options plays, where people would slap their nuts on the table and say “this stock is going to triple by next week or I’m going to lose $10k” and if they were right, they made a shitload of money. No one cares about the 4 shares of whatever stock you own and the price you bought it at. You sound like morons asking what 3/12 means when someone is talking about an options contract. Autism I’m okay with, we’re all a little reeeeeeeee, but stupidity is curable. You can go on investopedia and in 5 minutes learn enough information to not be a complete moron and flood this sub with garbage posts and comments. + +This isn’t a safe space. This isn’t a school. This is trial by fire and if you say or do something dumb you deserve to get roasted for it. If you want to learn go to a different sub. This sub is for austists and degenerates. +We need to stop saying that you don't own bitcoin if you don't control the private keys. + + + It's really really hard for the normal person (think parents, siblings, co-workers) to secure the private keys, and use bitcoin at the same time, cold wallets are easy, sure. + +My 2 cents +I want to start this off by saying I dont give a fuck about kenny and his rich friends *at the moment*. There will be **plenty** of time for them to be prosecuted when this is all over. There is literally only one thing that apes have actual control over in this battle and that is where our shares are held. First it was buy and hold, but the past year has shown us that hedgies can kick the can forever. + +We've established that registering the entire float gives control of the stock back to retail. Real shares cant be used to create synthetics if they are all locked up with gamestops official transfer agent. Retail is finally taking power out of the hands of citadel and now people are spamming screenshot after screenshot after screenshot of #kengriffinlied. + +Like that's not bad enough, they are bashing DRS calling it sus and a forum slide. Do you actually think that crying about ken lying is going to accomplish anything? They seriously want us to stop the DRS hype just to circle jerk about kennys crimes, like getting it trending on twatter is somehow going to force the complicit govt. officials to take action. + +All the CS screenshots are driving the momentum forward and making actual progress, but noooo lets focus on mayo boy. Forum sliding on a massive scale when we reached the endgame was literally predicted months ago. Lo and behold we finally figure out the launch code for MOASS, and within 2 weeks the sub starts getting clogged with dipshits spamming "ken lied" and whistleblower hotline posts. + +u/Doom_Douche u/ButtFarm69 u/Bye_Triangle u/jsmar18 u/sharkbaitlol + +Wtf guys +Unless you are living under a rock, cryptocurrencies and the stock market are taking a beating with worse to come in the short term. + +The likely explanation is that investors are moving money away from stocks and crypto into fiat, precious metals and other low risk options. + +Rising inflation, rates, supply shortages, war, a pandemic are all combining to create a perfect storm. + +I am confident that in the long term we will see crypto roar back as it always does. So long as you stick to holding through the storm (even if you are at a significant loss) the charts historically show that you will come out on top in the long run. + +Let's be honest though, it's easier said than done. As crypto is so volatile and the majority of holders are sitting on significant losses, it might be tempting to panic sell at a loss. + +But I firmly believe if we hold, DCA with whatever spare change we have, we will all come out much wealthier when crypto inevitably bounces back. +I am mainly selling credit spreads as a means of weekly income. On avg 9 DTE. For this reason, stocks with weekly options are very interesting to me. I have created this list for myself, but want to share it with you in case anyone here is in a similar boat as I am. + +You can import this list to TradingView as a watchlist run screens on it etc. The way I do it is I look for mean reversion signals so having this list is great since it is very specific for my needs and I don't need to go thru the annoyance of finding a great setup just to see that it either does not have options altogether or only does regular options. + +Enjoy. + +&#x200B; + +[Sheet with a list of stocks having weekly options](https://docs.google.com/spreadsheets/d/1U_oHFsI5VlzQxGEVmhbg8x1PhnShMt0yRkAeXboDW18/edit?usp=sharing) +&#x200B; + +**Brief Overview of** TSM\*\*:\*\* + +Automobiles, computers, phones, IoT, or any device that is digitized requires a semiconductor chip. + +TSM manufactures these chips, and is one of the few companies with the strongest moat in the entire semiconductor supply chain. Think of TSM as literally the 1 Jenga block that supports the entire tower. + +**Supply Chain Overview:** + +* TSMC is a major player in the entire manufacturing process. Notably Backend & Test (Sillicon Wafers). + * Source: [https://www.semiconductors.org/strengthening-the-global-semiconductor-supply-chain-in-an-uncertain-era/](https://www.semiconductors.org/strengthening-the-global-semiconductor-supply-chain-in-an-uncertain-era/) + +**(1) If You Don't Know This Already, TSM (TSMC) is a dominant player in Manufacturing of Semiconductor chips.** + +* **Why does TSM have a moat in manufacturing semiconductors?** + * **Answer: High Barriers to Entry** + +1. Manufacturing Knowledge & Quality Assurance +2. Costly PPE to setup plants. + +* Costly/Custom Automation within Semiconductor Plants + +1. High Switchover Costs with existing Customers. +2. Politically Agnostic Company, meaning their technology is make or break for any country irrespective of their allegiance. + +* Source: [https://www.youtube.com/watch?v=Hb1WDxSoSec&ab\_channel=BBCClick](https://www.youtube.com/watch?v=Hb1WDxSoSec&ab_channel=BBCClick) + +**(2) Air Freight is the preferred Option for Semiconductor Chips amidst tariff/trade wars between U.S & China & Pandemic Disruptions. Surprisingly Strong Synergy To Alleviate Ocean Freight Issues.** + +* Synergies across industries between Airlines & Semiconductor Manufacturers expected to be the band aid supply chain issue, as commercial airflights are still recovering from lack luster demand climate caused by the pandemic. + * "EVA Airways Corp (長榮航空) and China Airlines Ltd (中華航空), the nation’s two major airlines, reported accelerated revenue growth in the third quarter compared with the previous two quarters, thanks to robust air cargo business." + * **Semiconductor Chips. They are flying them left right and centre.** + * Source: [https://www.taipeitimes.com/News/biz/archives/2021/10/14/2003766054](https://www.taipeitimes.com/News/biz/archives/2021/10/14/2003766054) +* **Why Airfreight is only a band-aid solution in the current supply chain disruptions for semiconductors:** + * According to Clear Metal, which monitors over 90% of ocean freight, nearly 7% of ocean freight is not making it out of China ports this quarter. Shortages of shipping containers resulted in companies having to pay premiums for shipping and drove demand towards airfreight. + * In fact, global air-cargo capacity in first quarter of 2021 is [25% less than last year](https://www.freightwaves.com/news/boeing-777-freighters-bring-relief-to-tight-air-cargo-market). The [grounding of the Boeing 777 fleet with Pratt & Whitney engines](https://www.nytimes.com/2021/02/21/business/faa-boeing-777-engines.html) following the failure of an engine on a plane over Colorado has further exacerbated capacity constraints. + * Source: [https://hbr.org/2021/02/why-were-in-the-midst-of-a-global-semiconductor-shortage](https://hbr.org/2021/02/why-were-in-the-midst-of-a-global-semiconductor-shortage) + +**(3) Forward Looking View** + +* For 2022, the global semiconductor market is projected to grow by 10.1 percent to US$ 606 billion, according to some estimates. But this growth is tempered by the long-tail impact of the pandemic on supply and demand in various industries. +* **TSM PPE Investments into U.S, Netherlands, Germany, and Japan** + * [**https://airfreight.news/articles/full/the-world-is-dangerously-dependent-on-taiwan-for-semiconductors**](https://airfreight.news/articles/full/the-world-is-dangerously-dependent-on-taiwan-for-semiconductors) + * It also negotiated with TSMC to establish a $12 billion chip fabrication plant in Arizona. South Korea’s Samsung Electronics Co. is set to follow, with a $10 billion facility in Austin, Texas. +* **The Rise of Electric Vehicles Will Make Semiconductors Infinitely More Valuable** + * Take the projections with a grain of salt, but the Y-O-Y increase in EV demand  + * Source: [https://cleantechnica.com/2020/10/30/forecast-2021-us-ev-sales-to-increase-70-year-over-year/](https://cleantechnica.com/2020/10/30/forecast-2021-us-ev-sales-to-increase-70-year-over-year/) + +**The Thesis** + +* Go long on TSM with a 3-5 year outlook because supply chain shortage is a persistent problem that won't go away after the Pandemic, and neither will the growing demand for semiconductor chips.  + * Airfreight will become increasingly attractive synergy in the supply chain. It may even be preferred over ocean freight IF trade wars between China and U.S continue. + * Without the manufacturing knowledge & PPE required, it is very difficult to replicate TSM's infrastructure for semiconductors. +* TSM is in my estimation undervalued. I set the price target at 155 in the medium term. + +*Original post by* *TaiPanda96* *can be* [found here](https://utradea.com/positions/TSM---Taiwan-Semiconductor-Manufacturing--The-critical-Jenga-Block-of-Semiconductor-Manufacturing) +Have you had a discussion with your spouse/partner regarding reasonable limits on how much you would be willing to spend for a pet emergency? + +I realize there are so many factors that would go into such a decision, but I am worried my spouse and I are on completely different pages regarding our limits so I believe it would be good to cover a few hypotheticals to gauge whether there will be a big issue (divorce) in the future. + +For example, say there was a leg break. Something like this that it is a high likelihood of survival and good life, I probably would spend up to ballpark of $6K. I would not put the dog down for something like that. + +However, if it was something like epilepsy or cancer or something really serious like that, with a very high dollar amount and more uncertain life expectancy, I still would probably go up to only around $10k max and even that would be iffy. I am worried b/c I believe my spouse would spend every penny we have and would take out a second mortgage on the house if needed (i.e., would spend any amount). If we got into the situation, he would probably resent me forever if I put my foot down or divorce me. + +So...have you had these preemptive discussions with your spouse? If so, what have you discussed? + +Edit: To the folks suggesting pet insurance, so we initially had it on all 3 of our dogs but dropped it from two of them because of repeated denials of claims. To this date, they have not paid us any $$ back for anything. They link everything to anxiety (pre-existing condition) for 2 of our 3 dogs, sadly. We had Embrace. +Edit: I meant 10,000 limit not $10. +I know, this isn't a particularly interesting or engaging problem to have, but I've now been on the "FI" plan for about five years, and I'm starting to have petty thoughts and desires for expensive toys and experiences. + +I'm specifically a sucker for cars, and I have a bad habit of occasionally (once a year-ish) visiting stealerships and lusting over the latest and greatest... + +Then I drive home in my 16-year-old car (*with broken bits!*), sit down at my computer and stare at my net worth and I just wonder what the hell I'm doing. How much it could really hurt to spend a reasonable chunk on something that will make me temporarily happy so I can slog away for another 5 years? + +Please, someone set me straight! +Title says it all really. I think it would be pretty cool to have him representing the [upvote](https://i.redd.it/m1t4stz98bay.jpg) arrow and [downvote](https://i.redd.it/troiu3tw5v7y.jpg) arrow. +Reading through Lubin's comments from a while a go: + +http://np.reddit.com/r/ethereum/comments/5m6z5u/what_is_enterprise_ethereum/ + +If you cherry pick (and even if you don't), the writing is on the wall + +> In broad strokes, it is a bunch of companies, large and small **that are using and building on Ethereum, both in the public blockchain context and private permissioned contexts**, who are organizing to build architectures that they need in their work, at the protocol level and application layer + + +&nbsp; + + +> **The public blockchain is primary for many in that group**. Private permissioned versions are necessary for various uses cases and especially necessary while Ethereum grows more scalable and configurably private/confidential and this group will also assist in that regard + + +&nbsp; + + + +> It is possible, in the next 6 months, **that we will demonstrate an application that makes use of both private and public blockchain. The future will see many, many of these.** + +&nbsp; + +> businesses can start where they are comfortable, and **then migrate all or parts of their applications to take advantage of characteristics of the public blockchain** + + +&nbsp; + + +> **Tue, February 28, 2017** +> +> **8:00 AM – 7:00 PM EST** + +What do you suppose can take an entire day about this simple announcement? + +And its at JP Morgan's offices: + +> JPMorgan Chase Bank, N.A. +> +> **4 Chase Metrotech Center / 5th Floor** + +&nbsp; + +Plus we have the collapse R3 which no doubt has been festering for sometime and only announced now. Leaving some quite disgruntled payors into this consortium, when we can do both permissioned and public as above? For free? + +And last but not least - Bob's even more telling prediction ( and he works at Consensys.. ) + +https://twitter.com/BobSummerwill/status/835294528336637954 + +Bundle up all the above together and what can one expect on Tuesday the 28th? + +https://s9.postimg.org/r2pkwyj0v/moohaha.jpg + +That's right :-) + + + + +Since the price seems to be in a bit of a slide, I've been thinking through some of the reasons to remain bullish on ETH for the medium and long terms and I’d like to share my thoughts. This week, I wouldn’t be surprised to see the price drop back to $5 again or rebound to well above $10, but what I’m really looking to is the next 12 months, during which I think value will go far higher. + + +Even two years ago, when Ethereum was just a series of experiments, papers, and public speeches, it was already apparent that two things set it apart from any other post-Bitcoin blockchain project: first, the degree of technical sophistication and, second, the degree of interest from people and institutions in “The Establishment.” Those distinguishing characteristics have only become more obvious over time. + + +I should confess a couple of my own biases before I continue with this line of thinking. First, I bought my ETH at crowdsale. I don’t have a ton, but what I do have was bought for the cheapest possible price a long time ago, and as such I obviously have a vested interest in narratives about rising long-term value, without regard to short-term swings. Also, I think of myself as a politically middle-of-the-road, Establishment kind of guy. Libertarian rhetoric doesn’t turn me on, and I have no desire to watch banks burn. I look to traditional Establishment-type oracles to give me clues as to whether a thing is legitimate, and it is when the Establishment starts to talk about ETH more loudly that I really expect the value to rise. I am disinclined to pay any attention to Twitter cryptocoin trading experts whose chief talents, as far as I can tell, consist of shamelessness and a knack for collusion. Point is, my outlook here is grounded in my own biases and circumstances and I don’t think of myself as a “crypto” person, whatever that is. + + +So given all that, the big question for me is when it will become commonplace in the mainstream media for people to describe Ethereum as the most promising realization of blockchain technology’s potential and the heir to Bitcoin. When that happens, and as easier paths appear for getting money into Ethereum, is when I expect the price to begin a sustained rise that will carry it past anything seen before in crypto. + + +The groundwork for this narrative has already been laid over the last couple of years. We’ve seen articles and mentions that come close to saying that, or seem to imply it, in the New York Times, Stern, The Economist, The National Review, and lots of others. + + +Since I’m a big fan of The Economist, their article on blockchains is my favorite to date (http://www.economist.com/news/briefing/21677228-technology-behind-bitcoin-lets-people-who-do-not-know-or-trust-each-other-build-dependable). Basically, this and other Economist articles explain to the magazine’s readers (mostly bitcoin skeptics, one assumes) that while Bitcoin may not last, the blockchain technology underlying it really will change society. Several “Bitcoin 2.0” candidates get named, but I think it is fair to read the article as positioning Ethereum and Vitalik Buterin as the most promising of the lot. + + + +When I first read that article, I thought, “they know.” But it was too early to come out and anoint ETH as the realization of the flawed promise of BTC and Vitalik as the real-life, *interviewable* new Satoshi. While the article is not definitive on this point, it certainly is enough for The Economist to be able to one day soon come out with another article that says “we identified the Bitcoin 2.0 trend many months ago, mentioned Vitalik and Ethereum in particular and, hey look, it’s happening just like we said it would.” When magazines are right (or close enough to claim they were right), they like to make sure people know it. + + +I think the mainstream media are primed to adopt exactly that narrative: Bitcoin paved the way, but it was a flawed first attempt, and Ethereum is the real thing. So the question is what needs to happen before The Economist and others start writing their “we told you so” articles. + + +I think a few factors will be key to building the media narrative. First, price matters. I think that as we cross the $1 billion threshold, or even just stay at or near current levels for a couple of months, it will get easy for media to say that ETH has set itself up as the only real rival to Bitcoin. Second, Homestead. The hard launch will be an obvious moment for any journalists who have been watching to take note of how far the project has come. Third, other business announcements that accompany and follow Homestead. This is a bit of an x factor, but it seems like a reasonable guess that Homestead will bring a bunch of new announcements and crowd sales from companies, trading platforms and Dapp projects. + + +My guess is that this won’t be a moment, but that Homestead will kick off a trend of good news and announcements that will last for at least a month or two. During that time, if price holds steady-ish or especially if it rises dramatically, and if the announcements are significant, I think the media narrative will really take hold and you will start to see a self-perpetuating cycle of positive write-ups bringing in more investment and the ecosystem growing. How fast and far it will go is anyone’s guess. But I’m not bothered by anything the price does today or this week. To me, it’s about what I believe is going to happen next week, then the following two months, then the 12 months after that. +Previously, I've made my case for Fiverr, a company for freelancers, only last week. Since my recommendation, the stock has grown from 270 to 320 as time of writing. That's an \~20% increase. I believe the future of work will also be 'online' as opposed to traditional 'in office'. The last year, the coronavirus has only accelerated the shift to online-work. + +I now propose another stock, PayPal. What's my reasoning for this? When you look at growth stocks, you also look at their suppliers. For Tesla, for example, you look at who's supplying the batteries for electric cars and can bet on that as well. The rise of Tesla and electric cars has created a halo effect, and the rise in their stocks for all of the industry. + +Now, when you think of Fiverr, and the rise of companies based on online work, payment processing companies will benefit. When you transact with freelancers half way across the world, we are looking at payment processing companies that serve as a method of payment for your transaction. The likes of Visa, Mastercard, and Paypal stand to benefit. Why specifically PayPal? + +Basically not only will PayPal stand to benefit from increased transactions as outlined above, Paypal also looking to get into anything related to digital payments. To quote, PayPal has jumped into the mobile payments space with Venmo, which is now the most widely used mobile peer-to-peer payments app out there. PayPal has also delved into cryptocurrencies, and now accepts cryptos on its payment platform. What’s more, the payments company is also jumping into more direct shopping and stock trading. + +Basically, it’s doing it all. PayPal is turning into an all-in-one digital wallet for consumers. They are looking at doubling it's user-base and hence revenues. It's parallel is Alibaba's Ant Financial. It's massive in China, and before the Chinese government clamped down on the IPO, it was looking to the biggest IPO in all history. + +If you are looking to place a blue-chip stock in your portfolio, I believe Paypal will the next best bet. +Reddits website about the Moon Crypto-token was just updated. You can take a look yourself [here](https://www.reddit.com/community-points). + + +>Each subreddit creates its own Community Points token, with a custom name and symbol. + + +>Every subreddit Community Points are unique to it, with a name chosen by the community and a symbol to match. These tokens live on the blockchain, which means they are owned and controlled fully by the community. + +This means every subreddit will be able to create their own token and create their own rules around it +We're all probably more or less in the red by now. That's why now more than ever its crusial to stick to your strategy, make rational decisions and NOT fall for mind tricks and fallacies. And it's certainly not the time to abandon simple math! + +We've all heard of sunk cost fallacy, gambler's fallacy, survivorship bias, confirmation bias and the like. + +Now after seeing a bunch of bullshit twitter posts, +I wanted to bring this one to your attention. + +"DOT is 70% down from its ATH. Buy now it's the best risk/reward ratio you'll get — can go only 30% down." + +I don't have a problem with the DOT-buying part, I have a problem with this reasoning. + +1) No cryptocurrency is guaranteed to return to its all time high. It happened before. It may or may not happen in the future. + +2) There is always equal upside and downside potential. Always. *Edit: apparently I have to clarify this. Of course you won't lose more than you invested (unless you do leverege). Equal upside and downside of your investment means it can grow or shrink multiple fold, i.e. your investment can go 2x, 10x or 1000000x (get multiplied by this number) up and it just as well can go 2x, 10x, 1000000x down (get divided by this number).* From the moment you invest (even if the asset was one valued 3 times or 50 times more), the dollar value of your investment can go 30%, 70% or 90% up or down. **So whenever you invest, it is still possible your $100 will turn into $50 or $10.** + +3) Twitter and other social media is NOT where you seek financial advice. + +Anyway, I hope you're doing fine. Buy, sell, do whatever you choose. Just make sure the decisions you make aren't based on false logic. +I feel like my 401k (and spouse) is way disproportionate to our non retirement brokerage accounts. Since we are looking to retire in 3-7 years depending on a sale of business. Would you stop putting into 401k? By the time we retire we will have about 5 million or more in them. + +Our brokerage will not be nearly as hefty (maybe half) unless we sell for 5-10 million which is the goal. It’s not a for sure thing and things could go south at any time. + +My guess is we would have 3-4 million in brokerage without the sale of the business. We will be late 40’s or 50. + +Anyone have any thoughts? +Posting with a throwaway as I'm pretty sure one or two of my employees know my regular Reddit ID: + +Just found this sub and I'm seeing a lot of smart, well-off people here and some very informative posts. Hoping someone can help me with with my query. + +I own a boutique IT consulting business with just a few emps. We do about $3MM/yr and my net + salary is about $1MM. + +Thanks to living modestly, investing wisely, and working hard and smart to build my micro business over the last 10 years my NW is about $6MM and I hope to retire in 2-3 years when I will be 55yo. + +I live in CA and my business is here as well. Every year at tax time I get depressed when I see that almost 50% of my income is eaten away by taxes. + +Like any business owner, I'd like to reduce my tax liabilities. + +I've talked to a lot of CPAs and tax advisors over the years and the only meaningful thing I've ever been able to do reduce my tax liability was set up a DB/401K plan that I can chuck about $250K into every year (and thereby reduce my corp/pers income and thus taxes). + +As my business is very simple and has almost zero overhead aside from payroll, it seems that there are few ways to reduce my tax liability. Everyone I've spoken to about this says "Congratulations! You make a lot of money. Unfortunately, yes, you have to pay a lot of taxes..haha!" Ugh... + +Can anyone advise me on some basic strategies? Should I buy a small office building or residential RE? Relocate to another state? Anything? Thanks for any help! + +Edit: clarity +Has anyone recently purchased 1KG+ of gold bullion and could recommend a reliable seller? Searching online leads to an absolute minefield of shady sites. All I want is a single Kilo of 99.999% 24 karat gold for under $50k but, ideally, I want the firm to be reputable enough that I don't need to test the gold myself. + +I'm well aware that gold is not a good long-term investment but I like the idea of having something physical other than paper money that I can store in a safe and be reasonably sure it will have some value many decades from now. + +NOTE: I'll likely buy single ounces that add up to about a kilo, unless the kilo price is significantly better. The credit suisse ounces in assay seem like a good bet but I'd be interested in hearing if there is a better way? +Hey everyone, I'll be coming into low seven figures (3-4mm). At my age this will basically mean that I will be able to invest this and comfortably FatFIRE A LOT sooner than I originally thought. + +Has anyone utilized Wealthfront? What are the pros and cons? Curious if anyone has sizeable funds with them and really likes them. + +Would love to hear the positive experiences and negative experiences. Thanks! + +edit: am aware of the UBS purchase, trying to see current experiences and then revisit in the future post UBS control and see if anything substantial has changed. + +Edit: I’ll respond to others, but for clarity (Balchunas is the Senior ETF analyst at Bloomberg) + +https://twitter.com/ericbalchunas/status/1486446921363476485?s=21 + +23B of wealthfront’s 27B AUM is in Vanguard and Schwab index funds. Seems like a total knock off when you can open a Schwab account yourself do exactly this and have access to PAL. Same with a vanguard account. Seems expensive for what you get. +See bottom for a tldr. + +&#x200B; + +So I live in Belgium and as a freelance software developer I want to invest with money from my company. I will not dive to deep into the personal tax situation in my country but simply put: any money I take out of my company to pay myself gets taxed close to 50% (depending on the amount).Since I can pay a bunch of things with funds from my company(house, travel, restaurants, clothes, car,...) it's a lot more efficient to leave the money inside my corporation. + +So I read some books on how to grow that money and decided that something in the style of Ray Dalios all weather portfolio with global market index funds is probably the best way to go.I did some research and apparently my gov changed some rules that made it impossible for me to invest in stocks with corporate money. Here are the rules: + +\- There is a 30% corporate tax on any profits. Since early 2018, this also applies to gains from the stock market. Any losses are not deductible. + +There a few exceptions: + +\- Investments over 2.5m are taxfree (well, 0.74% in stead of 30%) + +\- Buying 10% or more of a company is also basically tax free + +(spicy detail, these rules were reverse until early 2018 but fuck small business it seems) + +\- Investments in a so called DBI-bevek fund is also free from the above tax. + +So obviously I did some research in the various DBI funds that Belgian banks offer. Results for 3 of the biggest banks : + +\- [KBC is the biggest bank, they have 3% frontload and 1.83% yearly fees](https://www.kbc.be/ondernemen/nl/product/sparen-beleggen/dbi-aftrek.html) + +\- [Belfius is second biggest. The links to their funds are dead](https://www.belfius.be/professional/nl/producten/sparen-beleggen/liquiditeiten-lange-termijn/fondsen/dbi-bevek/index.aspx) + +\- [Finally Crelan, they have 2.5% front load and 1.6% yearly](http://solutions.vwdservices.com/customers/crelan.be/screener/nl/Fund/BE6298866748-EUR) + +&#x200B; + +So basically I can choose, either I pay 30% yearly tax on profits without deducting losses or I pay heavy front load with heavy yearly actively managed fees. + +&#x200B; + +So my question is, what do I now? + +Do I start a holding company abroad and move my money there. This comes pretty close to tax evasion probably. + +Do I take the pain and just pay the actively managed fees? + +Do I invest anyway and hope I can hold any index ETF until the law changes? Taxes are only due when I sell. + +Do I invest solely in real estate? With investments in real estate the profits are taxed equally heavily but at least the costs are deductible(even interest on a loan is considered a tax deductible cost). + +Is there another option? + +**TLDR: Passive investing and individual stocks are basically not allowed in Belgium for small business owners. Do I take the pain of actively managed funds or are there alternatives?** +The 2008 housing collapse was a true catastrophe yet I don't remember seeing at much content about it as I'm seeing with todays economy. We have the internet in our pockets now, youtube click bait everywhere including Reddit, way more retail investors than ever before etc etc. + +It just feels like the situation might be overblown just because of how much and how easy all the content is the access, share, repost etc. + +So is the economy really as bad as we're thinking or do you think it's mostly just because there's more content about it? +Tesla Inc.’s shares dropped the most in three months after the carmaker blamed a disappointing deliveries report on shipment issues that increased the number of vehicles that were on their way to customers as the quarter came to a close. + +The maker of Model 3 sedans and Model Y crossovers handed over 343,830 vehicles to customers in the last three months, short of the almost 358,000 total that analysts expected. The stock fell 8.2% at 11:20 a.m. in New York, the biggest intraday decline since June 16. + +Tesla has for years delivered big batches of vehicles toward the end of each quarter, a practice Chief Executive Officer Elon Musk has tried to move away from by localizing production in all major regions. While the carmaker opened its first European factory in Germany in March, record shipping costs are still bedeviling the auto industry along with shortages of semiconductors and other components. + +https://www.bloomberg.com/news/articles/2022-10-02/tesla-delivers-record-343-830-cars-misses-estimates +For those that want a crash course on ETH and want to know why so many of us purchase it and use it, here is the most beginner-friendly explanation I could come up with. + +#**What is Ethereum?** + + +In short, Ethereum is a global, open-source platform for decentralized applications. On Ethereum, you can write code that controls digital value, runs exactly as programmed, and is accessible anywhere in the world. If there was no Ethereum, there would be no DeFi (yet) because Bitcoin gave us programmable money, but Ethereum gave us smart contracts that make your money even more programmable. Every movement you make in real life is just a series of smart contracts executed in the correct order and that is exactly what Ethereum will do to our economy, finance, education, and everything else that can be improved with smart contracts. Someone somewhere right now is building a decentralized business from scratch on this network. 10 years ago this couldn't be done. + +#**Why is Ethereum?** + +To truly decentralize all aspects of our society we will need a framework that ensures trust among participants. Without smart contracts, two parties can not interact securely with each other without a third-party service ensuring both participants get their share of the deal. Today, if you use an escrow service, you don't need to trust the other participant in that transaction but you do need to trust the escrow service provider. With smart contracts and a tokenized economy, you could simply transfer a tokenized version of your asset to your neighbor or a stranger on the internet in exchange for a certain amount of crypto. A smart contract would make sure that your tokenized asset is transferred to the other participant as soon as they make the payment. If you apply this same principle to public transportation, supply chains, and the economy in general, there is a lot of need for an Ethereum-like platform so that should explain why Ethereum is. + + +#**How is Ethereum?** + +The whole existence of the ETH network is a product of distributed governance and security. Miners all around the world secure the network with their hash power and the network pays them in transaction fees that are generated. Since almost every interaction with the network is considered a transaction, and the hash rate isn't following the exponential price growth, these transactions have become a problem for most of us that use the ETH network on a daily basis. This means that we will need layer 2 solutions like Matic and xDai. These solutions operate as sidechains for Ethereum and aim to provide a much cheaper space for big ecosystems like Decentralized Finance which is growing at a very rapid pace. For all of this to work, we will need efficient bridges that can send your Ethereum-based tokens to these sidechains. During the course of 2021 we should see more hype around DeFi and L2 solutions IF the integration goes well and gets completed fast enough. And if you are confused about why would projects build Dapps on ETH and not some faster and cheaper solution like EOS you should know that serious projects value security and no one can compete with ETH in that race except Bitcoin. The miners have spoken and at the end of the day that will be the only number that matters because no one wants to use an insecure network. So how is Ethereum? It's doing fine but it could be a lot better. + + +TLDR: If you invested in Ethereum and don't know what you actually bought here it is: + +* ETH is not the only smart contract platform but it is the most secure one. + +* ETH makes sure you don't get scammed when transacting value with unknown parties. + +* ETH enabled DeFi to exist. + +* There are a lot of potential "Ethereum killers" out there but the number of users on the ETH network tells a very different story. Uniswap alone attracts [more daily users](https://dappradar.com/rankings/protocol/ethereum) than all Dapps combined on EOS. + + +PS. I know that all of this sounds like no project will ever be able to compete with Ethereum but that's simply not the case. If the fees keep going up and L2 solutions don't come soon enough some projects may be forced to migrate to other chains. There is a slim chance of this happening IMO but it sure is a possibility. +We've all seen things like the bewildering insistence of some gurus that "the purpose of FIRE is to live frugally, not to own luxury products." (Which doesn't strike me as very independent, though of course one shouldn't be a *slave* to luxury.) But I think that this example, while telling, isn't enough to encapsulate the difference between the mainstream and fatFIRE mindsets. + +Here are a few thoughts I've had: + +- **Status matters**. If you wear nicer clothes, drive a nicer car, etc. then you get treated better. That said, if you respect yourself, why wouldn't you want to be treated with respect? And if you need to rack up more status to do that, and it's fully within your power to do so, why wouldn't you do so? I realize this is awfully basic, but it never, ever seems to come up as a consideration in the very lean end of FIRE: the fact that even if you don't love status symbols in and of themselves, some of them can still be quite useful. *A millionaire is treated better than a pauper by society, and a billionaire, better still*. And yes, we should all acquire the social skills and mental toughness to deal with people regardless of status, but *we shouldn't have to do the work every time*. Just because I know how to mow the lawn and am capable of doing so doesn't mean I enjoy doing it, or that it is a good use of my energy. Are others just masochists? Do they have lingering class identity issues? Or have they bought into the lie that society treats everyone the same, when virtually every study shows that this is not so? + +- Mainstreamers (even the newer folks in FIRE) often have ambivalent or even negative **views towards wealth acquisition**. "Who needs more than X million dollars anyway?" I fear for their chances: if they tell themselves jumbled up things about money, they'll get jumbled up results. To maximize your odds of acquiring wealth, you have to believe that wealth is good and focus on the positive. If you believe that wealth is evil, you will subconsciously hold yourself back. But do we in fatFIRE sometimes have these beliefs too? Can we honestly say that we have rid ourselves of negativity in this regard when it constantly seeps in from society? + +- Some mainstreamers have **arbitrary limits** they impose on themselves. "I'll amass $1M so I can be independent, but anyone with more than $10M will be corrupted by the power!" This is a textbook example of limiting belief. What other limiting beliefs are in play? How good are we about identifying them? + +- Sometimes it seems that only fatFIRE folks think ahead. *Once you're done with money for subsistence and money for emergencies, then you usually want significance*. To really change the world, **you need a LOT more money than just what you would live off of**. When I think from this perspective, I find it absurd that people regularly state things like "I don't derive pleasure from luxury goods." OK, but what does that have to do with anything? Building a new hospital in rural India? That costs $10 million. Funding clinical trials for that drug that only helps people with an obscure disease? $5-25 million. Saving the bees? Potentially hundreds of millions. What could be more heroic than being able to say, "Boom. I got this," averting Armageddon by slapping down payment, and still having more than enough for yourself? + +- Even if you wanted to devote the remainder of your life to only doing good in the world, why would you stop making money when via money, you could have a **far greater impact** than individually handing out soup or teaching people how to read? I don't object to anyone volunteering personally if it helps you feel connected to your cause, but why would you intentionally cut off your hand right before a boxing match? You *do* realize that all the stories you've been fed since you were small about "no one should have that much power" are propaganda pieces designed to make powerless people happier about being powerless, right? + +- Why are so many FIers obsessed with jobs? I understand that 90% of people who work do so as employees, but studies show that **2/3 of millionaires got that way by business ownership**. (And 78% of US millionaires are self-made, incidentally - contrary to people who assume one must be born with a silver spoon. In high-tax EU countries this drops to around 55%.) Should we not find it strange and contradictory that everyone always rushes to talk about what job to have to make it to fatFIRE? It seems like entrepreneurship, investment, and tax savvy are the things we ought to discuss most. + +- What other truths is fatFIRE willing to embrace that other people are still in denial about? +I've been watching my investments grow over the last few years and find the idea of being able to step back and retire early very alluring. Been doing some research to try and figure out what my FIRE number would be. + +My current spend per year would be covered with 150k, but with taxes I would probably target 200k. + +* 37M, married w/ no kids living in SoCal, no major health issues +* own 2 properties outright, both worth about 1M each +* 7M in investments: 73% domestic stock, 15% foreign stock, 11% bonds +* assume 0 future income once retired (unlikely, but want to be safe) + +I'm finding a lot of conflicting info on just how much more conservative you need to be than 4% to support a 50-ish year time frame. It seems like 3.5% of my 7M investments would get me to 200k/yr. How would you factor in real-estate in your calculations? I would like to be relatively conservative in my FIRE projections. +I paid about 15% of my gross salary for a basic-bitch used car which I've driven for about 6 years. I always notice nice cars around and wonder how people can afford/justify spending 70k+ on a car. +Hi all, throughout my time spent browsing this sub; 2018 sounds like a very promising year for ETH and crypto overall. Im trying to get a clearer picture of the timeline ahead. +My question is what major releases/updates to ETH will be going live in 2018? Such as casper anf PoS. + +Thanks :) +Yesterday, I watched the movie The Big Short again and then it hit me. We are all so distracted by the price, hyped by getting rich and hating on the shitcoins that we forget what Bitcoin is really about. Killing the banks. + +If you haven't seen it, The Big Short is a movie about the financial crisis that ensued in 2007 because of the housing market collapsing. This wasn't an "unfortunate event" because of ignorance and stupidity. This was orchestrated by the too-big-to-fail banks, because they knew the taxpayer would bail them out anyway. + +Nobody went to jail. No banks were broken up. No regulations were introduced to prevent this from ever happening again. Nothing happened. + +These people knowingly trashed the economy leaving millions of people without homes, without jobs and without their hard-earned retirements. And they got away with it. + +They are too powerful. They are in the government, they are in the media, they are everywhere. We can't destroy the system from the inside. We have to do it ourselves, and that is what Bitcoin is about. + +I'm surprised they haven't tried harder to destroy us, but I'm afraid that will come soon. Prepare, HODL, and remember what this is about. + +All the best +I'm amazed at how quickly it reached #20 on coin market cap. Moreover, binance is heavily promoting the coin. It might very well reach levels of what DOGE is today. Are you guys going all in? Its dirt cheap right now and I'm seriously considering throwing a few thousands at it. + +Granted, it may not exactly be the best coin in terms of usability but its pretty much offering a sweet return over a short period of time +Let's be honest, most people are treating crypto like a get rich quick scheme. I've been seeing people moaning on twitter the entire day, complaining how Elon has made them lose their Life savings. + +This is just frustrating to see cuz, its ironic how these same people didn't complain when Elon was clearly manipulating the price of a literal meme coin and pumping it up to the sky. If you are relying on a billionaire's tweets to decide what to invest in then you've got this wrong and clearly have no understanding of cryptocurrency. + +My point being, people need to start doing their own research on the coins they invest in. Anybody who even has been in crypto for a short time knows that BTC mining does consume a lot of energy, its not something that has come out just now. But when Daddy elon starts complaining about this, everybody and their mother all of a sudden turn into Clean Energy advocates. + +If you invest in a shit coin because Elon tweets about it and then when that coin does eventually eat dust you start complaining, then I'm sorry but you had it coming. Make smarter decisions and Don't jump on the band wagon without any research to back it up. + +Crypto is not a get rich quick scheme, Just like any other form of investing it requires proper know how and research to back the investments you make. +It seems to me, because of the way margin liquidation works, that lending on poloniex is almost risk free, assuming you don't lend on a nearly dead coin. Am I missing something here? (I realize that poloniex getting hacked/stealing/etc/etc is still a possibility) +Working my two weeks notice before I leave my company. Networth $4million. This wasn't a magic number but I caught Necrotising Fasciitis (flesh eating bacteria) recently which has a high mortality rate and this helped shape my decision. + +When it was touch and go and I was in the operating theatre, a few things really crystallised - my nice house and car etc were meaningless, you can't take anything with you! Also that there was no fear in death, the fear was leaving my loved ones behind. Ive been in quite high paying/overpaid jobs for the last 15 years (USD400-500k) but I was not passionate, I did it with a view to getting some money behind me so I could be FIRE one day. When I came out of hospital I just felt life its too short, time to FIRE. + +Looking at a 2.5% withdrawal rate. For the next year I'm just going to chill and focus on health, spend time with my wonderful kids and maybe explore a few projects. 2.5% seems a good conservative number to work with but I will have to adjust the family lifestyle (my wife is stay at home mom and but will venture out to the workforce now Im not working, no international ski holidays etc). I used to think of retiring on an island and chilling, but as I have got older I see it more about having the freedom to do only the things I love doing. + +Most of my networth is in property (in 3 continents), stocks and (very little) bonds. I have a few kickers in my portfolio as well which if they work out, will give me a great boost but if they fail, not much of an impact. This includes some start up investments (including Uber) as well as crypto currencies (mainly Ether). + +I notice a lot of posts are from young people wanting to FIRE rather than those who have. If anyone else has made the leap on $4m be great to hear your story and strategy going forward. For those young people looking for a way to make money, my 2cents - I think I would make a lot more money in 15 years if I started now, than when I started.I would learn coding, in particular Blockchain technology. You can self teach yourself if you have no money for college, courses etc. There is a massive squeeze on talent, so much expansion and not enough people who know this tech. Also put 1% of your cash into some key crypto currencies (Ether, Bitcoin, Monero etc) and hold long term. + + + + +**EDIT: I won't be pursuing this route. Thanks for the comments all!** + +TLDR: A potential broker suggested partner buy with me on the mortgage but not on the deed, as a stamp duty workaround because I'm already a homeowner. Partner is not yet a homeowner but wants to get on the ladder. I would have no interest in the property, nor do I want any! + +Very early stages, lots of ringing around for opinions and quotes. **No, my partner hasn't pressured or demanded this of me,** he simply relayed various options mentioned by said broker (this being one of them). + +I was sceptical of the sensibility of this, hence the obligatory UKPF post after finding no similar threads on reddit! +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>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! + +# 🙋 ​[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 your 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +First of all, I didn't buy any shares, as I haven't got any investor account yet. Right now, I am in a phase of learning that is why I have a question based on the current situation with companies like GME, BB, AMC and so on. + +The strategy is simple: to buy and keep till it will be 1000$ per share, but what next...? + +Let's go big and assume it will be really +1k$ per share. Investors are happy, champagnes are being opened, but who will buy it for 1k$? It might be a dumb question (sorry), but what if no one will buy shares anymore? It's like keeping old banknotes after hyperinflation. Huge numbers, but worth nothing and at some point value of those shares will decrease and no one will get a profit. + +I've just started learning about finance and accounting, thus I am clueless. Could someone explain to me how does it work? How these people want to earn this money?? +I'm moving from London to Cardiff in a few years. In London, I have a house worth £450k with approximately £150k in equity. I've also got approx £80k in savings. Our plan was to buy something of a slightly higher value in Cardiff - which would allow us to get something bigger with a growing family in mind. + +However, we're thinking about buying something a bit smaller. We could get a tidy little house in Barry, for example, for £200k, which we'd be able to buy mortgage free. + +Looking at our life plans, our next home won't be our 'forever home'. But the one after that is likely to be the one we retire in. + +But my question is - is there any downside to going mortgage free in terms of getting a mortgage in the future? + +I've always heard that's it's far easier to re-mortgage than it is to get a mortgage 'from scratch'. Is there anything to this? On the one hand, I could see some logic in this - in eight years I'll have been paying a mortgage regularly for 15 years, and will look like a 'safe bet'. But on the other, I'm wondering whether this only applies to first time buyers - ie that it's far easier to re-mortgage than it is to apply for a mortgage for the very first time. + +Thank you in advance for any advice. + +Edit: I'm getting downvoted so I can only assume I've broken a rule. Apologies! Thank you for the helpful replies. +I am just curious if it's even possible to become very wealthy after a certain age. I know it takes a lot of work and the right idea, but just wondering if it's even possible for someone who is in their early 30s to work their butt off and become wealthy after the age of 40. I am basically asking for myself as I want to make something of myself, more than I have. I never knew what I wanted to do with my life and still don't really. I am considering starting a business, but I know that's not a simple process. However, it's pretty much one of my only options as I am not particularly talented or well educated in anything else. I mean there are things I've enjoyed, but never took them seriously enough to make money from them. I just wanted a little advice really. +[https://www.youtube.com/watch?v=20BEJouWBgY](https://www.youtube.com/watch?v=20BEJouWBgY) + +I believe many of you already know Dagogo's Youtube Chanel - ColdFusionIf you don't: He makes remarkably well-researched and neutral videos regarding plenty of different topics. + +He's talking about the debacle that FTX caused/is causing. He also shows how parts of the SEC were complicit in the downfall and how Blackrock and other major institutions didn't do their DDs properly before investing/promoting FTX. Also, how CZ/Binance got caught in the middle of the whole debacle. + +I personally don't see this fiasco as an indicator of why crypto, in general, and BTC, in particular, deserve to be hated as much as it is due to FTX effing up. What do you all think this mean for crypto's/blockchain/BTC and co? + +\------------------------------------------------------------------- **EDIT**\--------------------------------------------------------------------**Dagogo/ColdFusion is NOT a crypto YouTuber;** +he isn't involved in it, nor does he praise any type of cryptos. He is an educational/documentary type of YouTuber making videos about all sorts of topics. +I know there are a lot of new investors here so I just wanted to share some advice. I am mostly a short term trader at the moment and hold small positions in stocks I intend to hold for a long time. I am ready to go all in again on my long term portfolio when the valuations are attractive. I study macro economy as a hobby. + +# Are we in a stock market bubble? + +The best indicator of whether or not the stock market is in a bubble can be seen in this chart. **Charts don't lie.** + +[https://www.longtermtrends.net/market-cap-to-gdp/](https://www.longtermtrends.net/market-cap-to-gdp/) + +This chart shows you the **market cap to gdp ratio**. It's basically a chart that shows how overpriced stocks are compared to the actual economy. When stocks reach above 1 then it's in bubble territory. US stocks are currently at **1.478**. At the peak of the dotcom bubble that number reached **1.4**. At the peak of the housing market bubble it peaked at **1.061**. + +# Market sentiment during peak of bubble + +At the peak of a bubble you start noticing a lot of people that have gotten rich from the stock market. People are buying stocks on margin thinking that the Fed will always save the day. It is very easy to just buy and walk away and you see your portfolio double and triple. You see a lot of hysteria in the market as you see now. This happened during the peak of the dotcom bubble and the housing bubble. People were buying tech stocks with $0 in revenue thinking they would be the next Google. They didn't care the company wasn't making any money and thought the stocks would just keep going up. FOMO (fear of missing out) is common during these times. A lot of new traders hop in when they see all their friends getting rich. During the housing crisis people with low income jobs could easily get three mortgages to buy big houses thinking they would go up forever. As we all know now, they don't go up forever. Today, we see companies like Nikola with $0 in revenue skyrocket because a lot of speculators are jumping in. But who knows, maybe they will become the next Tesla. I personally would avoid it. This article explains market sentiment during a bubble well. I think we are in the "return to normal" stage where a lot of people were buying the dip. + +[https://www.quora.com/Which-are-the-5-stages-of-a-stock-market-bubble](https://www.quora.com/Which-are-the-5-stages-of-a-stock-market-bubble) + +# How to invest during a bubble + +Bargains are not easy to find during a bubble but if you do enough research you can find them. Even during the past recessions, if you were able to find companies that were a bargain, you still would've made money. I thought airlines were a bargain when they hit rock bottom but apparently Buffett had second thoughts. **Buffett never sells his stocks**. When you see him selling stocks in a company, that means there are serious problems with the company. He knows a lot more about companies than most of us do. The table below is from Bridgewater Associates. They did a study on a macroeconomic level on the impact of COVID-19 on the economy. + +[https://imgur.com/xkDBwVC](https://imgur.com/xkDBwVC) + +According to this table if the unemployment rate is at 10% you can expect an 85% drop in earnings for the airline industry. Currently the unemployment rate is 13.3%. Currently AAL stock is at $16. If you do the math and calculate the potential earnings drop, the price of AAL isn't considered a bargain unless it is less than $5. Buffett sold AAL at $11 and he is right. + +One industry that took a huge hit but Buffett still held onto were oil stocks. Oil stocks hit rock bottom during the recent crash due to oil prices dropping. I think oil companies could potentially be a bargain right now. + +Also, with all the money printing being done by the fed, gold is looking more and more attractive. + +# How to invest like Warren Buffett + +Buffetts strategy is actually very simple. **Buy when cheap**. Even if you have to wait 20 years for it to become cheap. You need the patience like him in order to become a legendary investor. He follows the market cap to gdp chart closely. When the market goes through a recession and the number drops down to below 0.8, watch him go on a buying spree while everyone else is crying. He does this during every recession. He rarely buys when valuations are high like now. + +# Are recessions bad? + +Recessions tend to happen every 10-20 years in a healthy economy. The most recent one was in 2008. The one before that was 1999. We were long overdue for a recession but the Fed has been delaying it via quantitative easing (money printing) and keeping the interest rates near 0%. Most people think recessions are bad but actually they are healthy for an economy. Economies like the US go through debt cycles. Debt goes down during these recessions and the economy emerges more efficient and it is better for the consumer since prices drop. We are currently at the very end of this current debt cycle and you are noticing the signs of it. Wealth gap increases and social unrest increases. Interest rates are at 0%. A new power (China) emerges and contests the current power (USA). Fed is constantly printing money to keep the stock market from falling. Rich get richer and poor get poorer. A deleveraging process (recession or depression) usually fixes a lot of this. (source: Big Debt Crisis by Ray Dalio) + +# Are bubbles bad? + +Most people think of bubbles negatively since the majority of people lose money during these times. But from macroeconomic point of view bubbles aren't so bad. These periods of high debt are when entrepreneurs emerge and start companies. They can easily get low interest loans like we see today. Few of those companies are good enough to become the next Apple, Facebook, Tesla, Uber, etc. The best companies will survive the low debt periods (recessions). The economies with the wildest debt swings are the ones that are the friendliest for entrepreneurs. + +# Where is the stock market going in the short term? + +Nobody knows the answer to this. I see a small upside potential but a large downside potential. Which direction it will go in the short term is anybody's guess. One thing I've noticed is Trump is trying very very hard to inflate the stock market bubble. He knows he is not getting re-elected if the stock market crashes now. He is pressuring the Fed to constantly print money and he's spending helicopter money like a madman trying to prop up the stock market. This may be good for stocks in the short term but has serious consequences for the long term, since the already huge bubble becomes even bigger. Also, during a deleveraging process a lot of high debt companies declare bankruptcy. This is when the Fed needs to step in and save the essential businesses. You can't let large essential companies fail, since that might take down the entire US economy. When the auto industry failed in 2008, it took down entire cities along with them. All this spending that the Fed is doing now worries me. They might run out of ammunition when they really need it. This next recession might be very very bad. Recently, Dalio issued a warning to his investors about a “lost decade.” If he is right, that means we won’t see stocks go back to 2019 levels for the next ten years. + +This doesn’t mean dump all your stocks today. I’m just giving you the advice from Dalio and Buffett. They may be wrong too. You should always do your own research and make your own decisions on how to invest. I personally think they are right. They are smarter than most of us here. + +Source: Most of this content is from Ray Dalio and Warren Buffett, the investors I admire the most. +**Critical information for the U.S. trading day** + +You might think the hard-money, recession-at-every-corner crowd would be predicting an imminent reversal in the stock market given the 20% gain for the Dow Jones Industrial Average this year. + +Not necessarily. + +Thorsten Polleit, the chief economist at Swiss metals trader Degussa, explains why he thinks an [**economic boom will continue**](https://mises.org/wire/why-boom-could-keep-going-well-beyond-2019), with stock prices also strong. + +“As long as there is still room for pushing the market interest rate down further, the chances are reasonably good that the boom continues, and that the bust will be adjourned into the future. As per the charts below, current market interest rates in the U.S. have not reached rock bottom yet. Corporate and mortgage credit costs in particular still have some way to go before hitting zero,” he writes in an article for the Alabama libertarian think tank, the Mises Institute. + +[https://www.marketwatch.com/story/heres-the-hard-money-call-for-why-the-boom-in-the-economy-and-stock-market-will-continue-2019-12-09](https://www.marketwatch.com/story/heres-the-hard-money-call-for-why-the-boom-in-the-economy-and-stock-market-will-continue-2019-12-09) +I recently had coffee with one of my former summer interns, who (after a stint with us) spent some time at Lazard last year. He mentioned that out of his intake, less than half stayed more than a year (I'm assuming this was on the standard two year contract, but I'm happy to be corrected). According to him, the hours were brutal, even for Wall Street. 9am-3am, not just a few weeks a year, but for months, no Saturdays off (which has I believe been adopted unilaterally across the bulge bracket) and some particularly incompetent management. + +Now, normally I would write this off as a bad group somewhere- after all, we've all heard similar nightmare stories at some point. But it struck me because this is the third or fourth time I've heard this about Lazard, across multiple groups in very different regions. A team I used to work for hired a Director who had worked for them. As a VP at Lazard, he'd been working Analyst hours, day in, day out. An MD who I had known at the start of my career (but never actually worked for) moved across to Lazard when the [major British] bank he'd worked for downsized significantly. This was a guy who was (and remains) extraordinarily talented, the rare chap who actually loves finance and did the job purely for his own enjoyment and satisfaction. He'd moved to Paris for the final years of his career. He was out within a year- said that management was the worst he'd ever seen in 35+ years of working in the industry. He showed me a letter he'd written to several members of the board detailing his concerns (after he had left). Apparently he never got an answer. + +Now, all of these (and others I shan't bore you with) are anecdotal of course, but I was wondering if you had heard anything similar. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +This is a random thought I had while doing some reading. + +How has it come to pass that on the evening news that we always see only stock indices? Why not bonds? + +It's plain to see that the amount in debt securities overwhelms the amounts of equity securities held. Debt securities also do not show quite the volatility of their equity counterparts. + +Sure, if you want to spread fear among the general population, show them plummeting stock prices but when most pension funds are likely put together with bonds, why make the problem worse? Why purposefully ruin the general sentiment about the market among the general public? It seems to me that this is actually counterproductive. My first guess is that it's because stocks are easier to understand, though I doubt any average person actually understands anything about financial markets at all (I don't claim to be an expert, either). + +Just a random thought after hours of studying/reading on a rainy day with which I hope to generate a small discussion (and maybe even get an answer or two). +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 +Can't seem to find any information about it. Seems as though its a Korean only application at the moment. + +^^^^^^^^^Blockchain ^^^^^^^^^without ^^^^^^^^^borders? ^^^^^^^^^lol +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 always love a good downvote thunderstorm. I am finding more and more anger, negativity and overall nastiness here these days. I know why and all, but it's just a downer. It won't make anything happen any better or faster. People are impatient, as am I, but I don't get all over people about it. It's not their fault any more than it's mine. Just thought I would be honest about what I am seeing. Probably also because I've been participating more, but I think that's enough for me. It's just a forum, not a price or a decision-making body with a gnat's eyelash of power. So, who gives a rip. I don't think I do anymore. +Not trolling. Just curious to see how people are holding up with any kind of sizeable position. I have some bags myself and its taking its toll emotionally and financially. How have people been coping given the risk of it not turning around? +So currently for these past few months I've been DCA SOL and ALGO and staking some of it as a form of passive income. I was wondering if I kept investing money and staking my coins would eventually it be enough passive income to just live off of? I know with staking I'm sacrificing liquidity which is fine since I'm in it for the long run. But with a good APY and enough invested couldn't you just live off of it? + +Might seem like a noob question but ever since I began investing I knew I wanted to grow my money but after a while of just constantly throwing money at it, it makes me question why I'm investing in the first place. I know I'm investing in crypto to grow my money and I'm in it for the long run. So that's why I'm kind of just lost as to what I'm aiming for here. Like at what point can I begin taking out some of my investments and converting to USD and start using it? If that makes sense. +This review is strictly a summary of my interpretation/smooth brained understanding of the 163 page Credit Suisse report, in particular, section 1A: https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf + +&nbsp; +&nbsp; + +A few things to start off with: according to the Credit Suisse Report, Archegos was margin called due to their LONG positions on swaps, not their shorts. Additionally, their main game was swaps. It’s all in the report. While the report largely debunks the idea that Archegos was margin called because of GME, it provides great insights into the relationship between the prime brokerage and its clients. More importantly, it provides insights into the contractual margin agreements between a prime brokerage and its clients. Through this report, we can gain insights into how other hedge funds are operated, and their portfolio requirements and relationship with their prime brokerage (for example, the SHFs that haven’t been liquidated yet). + +&nbsp; +&nbsp; + +The big takeaway that I got: Credit Suisse may have forced Archegos to short the subprime meme swaps to maintain portfolio requirements. In fact, if Archegos’ portfolio agreement is industry standard, it’s possible that every single hedge fund/family fund in operation may have taken short positions on these swaps to maintain portfolio requirements with their prime brokerage. Yup, you read that correctly. Voltron fund baby! + +&nbsp; +&nbsp; + +How did this happen? Archegos worked with CS for many years, and built up a good relationship with CS. As a result, their deals got sweeter and sweeter over the years. In 2017, Archegos entered into an agreement with CS: their portfolio (roughly 20% margin at this point) would never breach a 75% bias long or short (page 8). In ape speak: Credit Suisse would front 80 cents on the dollar for every position Archegos bought, but Archegos would promise to never have more than 75% of their portfolio be long or short. Over the next few years, Archegos would actually breach this limit: more than 75% of their portfolio was long, but CS would give them up to 5 months to get their portfolio back on track. + +&nbsp; +&nbsp; + +That’s right: their portfolio was 75% long positions in total return swaps. They did not carry a heavy short position on GME (intentionally). Well, in 2019, Archegos’s relationship got so sweet with CS, CS dropped their margin requirement to 7.5% on new positions. That is a roughly 13x leverage. That’s 92.5 cents on the dollar. Sweet. Of course, this presents massive risk, and Archegos starts getting regular calls from Marge. At some point, their position had dropped enough to be liquidated. We all know that. How does this deal with shorting GME? + +&nbsp; +&nbsp; + +Remember their original agreement? Their portfolio could not breach a 75% long position? Archegos was primarily in the business of long positions. However, they would breach that 75% long position at multiple points over their agreement period. Archegos had two options: reduce their long position (i.e. sell their longs), or increase their short position (i.e. short the market). If you look at page 10 of the report: +&nbsp; + +>Rather than call additional margin, as was its contractual right, CS attempted to re-balance Archegos’s portfolio by requiring that it add market shorts (for instance, index shorts referencing the S&P 500 or NASDAQ 100). +&nbsp; + +That’s right: when Archegos breached its margin limits or had overexposed long positions in 2020, CS forced Archegos to buy short swaps. + +&nbsp; +&nbsp; + +In 2020, in the height of the pandemic, when stimulus is making the S&P 500 roar, and people are all self-isolating, would you open a short swap position on a basket of S&P 500 funds? Fuck no. If I had to, I’d short the hell out of the pandemic plays: cruise ships, commercial real estate, and strip mall operators…like Gamestop and Movie Stonk… Now, CS does not say that Archegos opened short positions on GME, only that CS forced them to open short swaps on index shorts referencing… something. You know it, I know it, they probably shorted GME. + +&nbsp; +&nbsp; + + +Do you work? Do you have a friend that works? Have a 401k? Roth IRA? I bet at some point either you, or someone you know has opened up a long position on an S&P 500 index fund or a total market index fund. Why did they do it? Well, because someone smarter than them has put together an index fund that tracks the market, and they trust that the folks who put together the basket knew what they were doing. That the stocks are weighted correctly. That the index is well managed. That’s what ETF baskets are for. Someone smart puts together a basket, weighs it accordingly, and sells the basket on the market. Hell, a lot of retirement plans force you to put your money into an index or a fund. You don’t even have a choice. + +&nbsp; +&nbsp; + +Well, what if someone put together a basket of shortable pandemic plays like GME and movie stonk? Maybe another basket for cruise ships? What if your brokerage forced you to buy 25% of your portfolio in these swaps? Well, if you were primarily a long hedge fund, you’d just allocate 25% of your money to the short indexes without doing the due diligence, while focusing on your long positions. Just like regular folks just focus on their jobs and dump their money into their index funds without doing the due diligence. + +&nbsp; +&nbsp; + +Now imagine that Marge is calling because you breached your limit…you need to post collateral, or you need to short something, anything, to keep within your defined portfolio risk profile. If you’re a long positioned hedge fund, you probably don’t research short positions. You would probably just pick one of the basket of shorts labelled “pandemic plays” that was put together by SHF quants (i.e. Citadel), and continue along with your game. Every time Marge calls because your portfolio is imbalanced? No problem, just short a basket, and keep it at 25% or more of your portfolio. Until an idiosyncratic risk in your 25% short exposure fucks you over. + +&nbsp; +&nbsp; + +What am I trying to say? It’s possible that prime brokerages require hedge funds with margin to maintain a ratio of long/short positions to mitigate risk. If so, it’s possible every single hedge fund out there shorted GME in 2020 without knowing it, because their prime brokerage forced them to maintain a short position on a portfolio swap as a way to hedge their risk on their long positions. Imagine if your S&P500 index fund had an infinite loss potential stonk tucked into those 500 stocks that had the potential to liquidate your whole portfolio, and actually leave you in debt. Wow. Fuck. Now you know why they needed to contain the January sneeze. + +&nbsp; +&nbsp; + +Idiosyncratic risk to the moon. +I've noticed a nice uptick in people joining and starting their journeys here. While I'm only 2 years in and just starting to get a handle on things, I realized I wasted a lot of time getting to where I am. + +So I figured I'd start a thread: What, and who, should newbies avoid as they begin their journey? + +For me, I put a lot of trust into some YouTubers and Discords that seemed to know what they were doing. It wasn't until I had taken some time away from those groups that I started to realize it was double speak (it was long, I mean very obviously short), hindsight heroes (of course it was there all along!) and just downright toxic habits of people encouraging each other to take wilder, bigger entries and not managing risks. I butted heads with a few of those "heroes" too, questioning their strategies and promptly getting shouted down by their Discord acolytes for not following the pro-trader's methods. Augh! + +Anyways, collect your horror stories! What do you wish you could have avoided when you began your journey? +I'm in my early 20s and in a situation where my parents are willing and able to support me for many years into the future, and I'm wondering if becoming a day trader is a viable career to pursue, or if I should go back to school instead. I would be willing and able to dedicate six to eight hours per day studying and practicing day trading, in hopes of eventually becoming profitable. The goal would be to make enough year after year to live comfortably on my own and afford any expenses. + +I know the odds of being profitable long term from day trading are low, but I'm pretty sure the odds are a lot better then a purely creative pursuit like being an author, which would be my dream occupation. Same when you compare it to something like being an actor or singer. The chances of those are likely less then one percent whereas it seems the chances of being a successful day trader are more like five to ten percent if you're willing to fully dedicate yourself to it. If I can prove that I'm profitable long term I have access to at least $100,000 to trade with and as far as I'm aware there aren't any account minimums in Canada. + +Writing is something I could do for a few hours every evening and probably still make a go at it, but from the research I've done day trading works a lot better if you're fully committed. If I don't go the trading route then my plan is to go back to school for something IT related as I enjoy tech and problem solving. I would still much rather be a day trader though as I can set my own hours, not have a boss, and learn at my own pace. With everything said how viable is a career as a day trader and is it something I should try and pursue? + +&nbsp; + +TL;DR - I have the ability to dedicate myself fulltime to learning day trading I'm wondering if it's a viable career. The goal would be to become profitable long term, and consistently make enough to live comfortably on my own. If I can prove that I'm profitable I can access at least $100,000 to trade with. Even though the odds are low they seem a lot better then a purely creative pursuit like writing, acting, or singing. Day trading is something that works a lot better to focus on completely if you want any chance of making it work. I don't think I would be able to go to school fulltime for a challenging degree and try to succeed at day trading as well. +Some of you are probably thinking (or have already started coding) an algorithm that + +Mines Reddit / Twitter / FB -> AI analysis to identify entities and sentiments-> Invests + +Let me break it to you - this approach has a very low success rate. Why? Because 95% retail investors lose money. + +How do I know? Because I developed some of these back in 2009! + +So save your time and don't go looking for a needle in a haystack. + +Posted in public interest. Not investment advice. +I have built a bunch of scalping strats in tradingview/pinescript off youtube videos/google (5m, 15, 1h). They are all garbage. They work for certain stocks or crypto, but never consistently and never better than buy and hold. I am looking for some more educational guidance on what indicators to focus. I don't need help coding it, I am looking to learn the trading side of things. At the same time, I do understand the basics (rsi, stoch, vwap, etc.) to some extent, so I am not a complete stranger. What reading material would you recommend for someone like me? TIA +Hey everyone, the public and open source implementations of APIs have expanded pretty well, given that so many APIs to legacy exchanges are free and follow RESTful and Websocket standards now. But many of us are still building too much from scratch in inefficient ways, solving the same problems from scratch. + +I think many of us want to do something simple like if price = X, buy/sell Y, and realize that we need complex data streams and long-running processes to evaluate and store pricing data. Suddenly one Node.js compute instance turns into a cluster, and everyone in the computational finance community asks why you are using JS to begin with, and you ask why they are using python, the 5 Rust people laugh. + +Are there any docker containers based on open source code that "do it all" and just need some API keys? + +How many people have implemented the Interactive Brokers API in a language and environment that the rest of us don't want to use? TD Ameritrade? You can find Robinhood API in Node.Js on github, but are they really still charging a subscription for the privilege of using Reg-T margin (up to your personal risk tolerance)? + +How many of us have completely wrecked the permissions on our host machines wrangling with package managers? It doesn't have to happen if we had shared containers which already have the perfect mix of packages installed. + +With a big enough foundation to stand on, greater improvements can be implemented. + +For the crypto space, the hummingbot market making library also has a docker container on dockerhub. + +But forget about those bucket shops, this needs to exist for the equities, options and futures space! These exchanges will eventually have a whole catalogue spot crypto assets and derivatives too. + +Are you all aware of anything? I did cursory searches on dockerhub but didn't see much + +I know the antiquated counterpoints about pretending you have a market leading advantage that needs to be a trade secret. Now lets consider dockerizing the whole cluster so anybody can run it. +Hi, +I'm in this position where I have 24/7 free and money isn't an issue. I really want to try and make algotrading work.. I have spent a week trying to day trade about a year ago.. nothing serious. I can code and I have also tried copytrading some algorithms. But I'm not a trader.. I wanna try it tho and make it a serious thing, hoping I might do well. Any tips before I launch myself into this ? trading, coding, ever tried machine learning ? etc.. + +reason why algo is because I might wanna have more strategies running pasivelly and I don't wanna be a slave to each and every strategy all the time.. imma be monitoring tho sure.. just not really into the looking at charts 14 hours a day like an idiot waiting for a triangle to show up. backtesting and rules that my emotions wont break sounds more the thing for me. +Can anybody recommend a backtesting system which offers better realism than TradingView – one which would have intra-bar data? + +I wrote a momentum / scalper strategy in pinescript and the results seem to be wildly unrealistic, yielding massive profits on just about any asset type on any time-frame, and I think the issue I have is the lack of data inside each bar. + +One solution I have in mind is to write a bot, run it in a backtest mode, and use lower time-frames merged into a higher time-frame format to recreate the realism of real-time trading. But to do this on a longer time span, like a full year or more, is going to be challenging. + + +[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) | [💡 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) |[📈 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) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%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) | [📰 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) | [🏆 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) | [🚨 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` 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!* +Basically the title. I know lots of us are reaching out about limit sell orders and finding that we’re kind of getting backhanded by shitadel getting to set rules on both ends. Jokes on them I don’t even know how to sell a stock, and I’ve disabled my sell button on the off chance I figure it out. When you talk with people from fidelity, TD, schwab, etc. be kind and polite. When they put you on hold do a little happy dance because you’re good at that holding shit. Show them that we are the good. We want the best for people. We care. And we will be loyal to them if they take care of us. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 1: not fking Robinhood. Get out of there stat. + +Edit 2: whoever gave my first fking award I love you but save that sauce for tendies. ❤️ +Im going on a a perma bull journey 🐂🌈. Sorry to the 🌈🐻 but it's all over. + +Yesterday I was having sex with my dad and realized that life is too short to fight the Fed and their unlimited QE. + +I've lost more money and hairs that I can count. Fuck you Jpowel. Bought some calls and I hope your QE will save me now and make my money back. +And thanks to the advice on this forum that is totally fine and possible! + + + +2 years ago it would be literally impossible for me to do. Now, it is completely possible and I could support myself for 6 months if I really had to (I'd rather not tho for obvious reasons). + + +Are there any things I should do in this period? Tell my bank? Benefits? + + + +I'm quitting to escape the most toxic environment I've worked in for over 15 years. (Work in IT) +Correct me if I’m wrong but even if this thing moons NYSE has its weekend halts. + +Everyone is already hyped at <$300, can you imagine a weekend where the ticker is at a million or more??? + +It would be the most insane 48hours of my life… + +So much to think about at those times, I’m for sure not paperhanding anyway. +It’s ♾ or bust! + +But just think about it…. + +Edit; +$1,000,000.00 for you Murcia Monkeys +Yesterday Bitcoin went 1 hour and 11 minutes without producing a new block. Did you guys notice it/read about it? Some of the veterans in crypto space will probably remember this happen before in the past. + +As we are all aware, China is cracking down on mining farms. The farm in Sichuan was expected to have a big % of the global hashrate. You can imagine that shutting down large players like this was going to leave the blockchain in a very difficult and uncertain position. + +Congestion is a major issue when this kind of problem arises and because of the reduced hashrate and the same untouched difficulty and volume it takes much longer time for the farms to validate transactions. Subsequently the fees are increasing trying to combat this while raw power needed for guessing the solution to Satoshi's problem is reduced. + +Difficulty is beign adjusted every 2 weeks approximately as per Satoshi's code to preserve average block time of 10 minutes. Well despite that, fortunately, after that one hour a new block was produced and after that operation resumed like always. + +Bitcoin once again passed the test. It shows you how resilient a decentralized chain like Bitcoin is and why its here to stay for a long time. + +TLDR: not even the CCP can stop us. + +Adapt and overcome! +I know what you guys are thinking, Hyundai and Apple released that they were partnering up to release an EV by 2024. Hyundai then backed away from those statements saying it wasn’t true. + +Now they’re confirming that there is a partnership and plan on inking a deal in March. Now connect the dots. + +https://www.google.com/amp/s/news.yahoo.com/amphtml/news/apple-hyundai-reportedly-planning-team-143953882.html + +https://www.theverge.com/2020/2/11/21133461/hyundai-canoo-electric-cars-partership-kia + +THIS IS JUST SPECULATION, DO YOUR OWN DD AND INVEST ACCORDINGLY. + +Update: + +https://www.theverge.com/2021/1/12/22225026/apple-canoo-acquisition-investment-electric-car-goev + +Looks like we have the upside on this!! +Im obviously not encuraging anyone to be disrespectful towards anyone who could have been unfortunate enough to not cross paths with GME before the squeeze. This is only towards those who had the possibility and access to the facts, but who couldnt handle the risk enough to buy even one or a few tickets to make sure they wouldnt get left behind. + +Edit: Wow, holy crap, I made it mom!🦍 + +Eleven years ago, I bought a very inexpensive house ($40k) in a crappy neighborhood. The plan was to live there through three years of law school and then move somewhere nicer when I automagically started earning six figures the day I passed the bar. I maxed out student loans on similar logic, graduating with $165k of them (now more). I graduated into a crap job market in 2013 and made $45k my first two years as an attorney. I then suffered an exacerbation of my chronic mental illness and became unemployable. Struggling to make it as a self-employed solo attorney, I racked up credit card debt, a home equity loan, and $65k in credit card debt, while also falling behind on taxes. My total debt load is now about $350,000, with assets being a house worth $80k, a car worth maybe $20k, and a law practice with two employees who keep me from committing malpractice due to my mental illness. + +Things are actually looking up, though. I got my salary up to $75k, I got the VA to rate me at 90% which is almost $2k a month, and I’ve started driving Uber on weekends bringing in often an extra $500 or more per week. I did a credit counseling plan on the cards and now have them all below 6%. I’m paying almost $2000 a month extra toward my debts and I’m on track to have all but the student loans paid off within three or four years. + +But meanwhile, I’m miserable. I’m 40 years old and can’t really date. My house is a shithole, and I can’t move because my DTI is too high to afford anything better. I’ve had to reduce my recreational activities to some kayaking every other weekend and right now I feel literally trapped in my little house with my asshole neighbors blasting their subwoofers at all waking hours (and then some) and honking car horns all through the night. + +I can’t even take on roommates right now (which might give me enough breathing room to rent a weekend escape place) because of overdue home renovations. My life is basically all work except an hour a day at the dog park where I still feel overwhelmed by all the noisy people. + +Last year at this time I just packed up and took a cross-country road trip, but now that I’m driving Uber I feel I can’t afford the unpaid time off. (I could still do my legal job 100% remotely; last year’s trip ended up actually being my most productive month of the year.) + +So anyway… what can I do to stay sane through the next 3-4 years of intense focus on work to get unburied? What can I do for my mental health with limited time and without spending much? + +I am not asking for any advice on debt reduction strategies or the like. It’s under control with a *very* detailed plan and a spreadsheet that tracks every transaction in my financial life from now until retirement. I don’t need to be told to sell off the last few dollars of post-Konmari possessions I still have to make one extra payment on one loan. I already know to refinance the HELOC but paradoxically, my DTI with the tax debt is too high to even do that right now. Bankruptcy is not an option because apparently I make too much for chapter 7 and don’t owe quite enough relative to my income for chapter 13 to help. + +I just need to know how to stay sane. + +Ideas? + +Edit: Wow, this blew up. This has never happened to me before on Reddit, but there’s actually too much here for me to read. I have to put the phone down and get back to work now. Thanks! +For instance on the ballot right now we can vote to raise taxes to pay for (a project) or we can vote for the state to issue bonds to pay for (the same project). If the bond vote passes, how do I get in on that? There is going to be $3.5 billion in bonds (assuming it passes) so I'm sure corporations are going to be gobbling those up, but if I could even buy $1,000 worth I would like to. Can I? And how do I? This isn't just specific to this particular ballot initiative, I'd like to know for all future projects too. +https://www.aljazeera.com/programmes/countingthecost/2018/12/economic-developments-watch-2019-181229064109297.html + +This article is so well written I wanted to post it here. A lot of stuff to watch out for in the new year. I’m optimistic to an extent but am waiting for a hard crash because our economy has been quite recklessly managed. + +The stimulus and tax cuts will potentially lose its leverage over anymore momentous economic growth after a year while the debt and the deficit will have increased tremendously. + +The article states it’s possible another era of Reaganomics. So much for financial control on government spending by “fiscal conservatives”. + +We think stock market “corrected” the last couple of months. I think there’s more negativity coming. Just give it enough time. It looks similar to the early 1990s recession +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 +I've often seen people say how they believe money will rush to crypto when we have the next financial crisis. + +I want to understand the argument for this theory because I've not really seen one and we don't seem to have much to reference as the last crash was in 2007. + +Please can someone provide an argument for this? +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. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +The WEGOGO platform is a Social Travel App currently on WeChat and iOS (with Android App to be rolled out really soon!) that enables Chinese tourists to discover and book their travel experiences directly with long tail travel Aspirational Service Providers (ASPs). +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. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +There is a warning on Oasis Dex : "Oasis is undergoing alpha testing: Any funds deposited on the exchange could be lost in the event of a security breach." + +Safe to hold some Dai? +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! + +The WEGOGO platform is a Social Travel App currently on WeChat and iOS (with Android App to be rolled out really soon!) that enables Chinese tourists to discover and book their travel experiences directly with long tail travel Aspirational Service Providers (ASPs). +I know people are sick of these posts and I know that nothing is a sure thing and cryptocurrencies are as unpredictable as they come, but I'm just looking for somebody who's more knowledgeable regarding investing to offer some advice (I promise not to hold anybody accountable if they're wrong). + +I got into eth a bit late (around the $11 mark before it bounced back down to $7-8). I've been trying to only invest what I can afford to lose but my overall goal was to get 800 eth and then hold long term. I don't make a ton of money so at this point I've only got about 65 eth. I have a few thousand dollars coming in at the end of the week (early next week at the latest) that I can dump into eth. But because this isn't the norm for me, and I don't foresee having another large sum of money I can so freely invest I want to make the best bang for my buck. + +Is there anybody who has had a good track record predicting the eth market that sees this dropping back down to $10-11 in the near future rather than up past $15? If so, what is your rationale? + +I know how annoying these posts are and I really am sorry to the people who are sick of these...but as somebody who is trying to make the most out of the little he can afford to invest I'm just looking for the best advice I can get. +I'm wondering what you guys realistically think Ether could be worth in a couple of years. I think many people here are at least comfortable with it hitting bitcoins ATH, but do you expect a $2000, $10,000, or even $50,000 ETH price? If so, what is your reasoning? +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. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Since crypto winter is here and I'm still waiting for quality post I figured why not uno-reverse a question from today? + +I have been told that one thing you should always do in investing, is to look for reasons not to invest in something. + +The best argument for me is that it is too complicated for mass adoption. One mistake and your coins/tokens are gone. I know that's no issue for a lot of people, but it is an issue for mass adoption imo. + +Since I'm an idiot and can't come up with something better, I ask you, what might be the best argument against crypto? +Throwaway because this is a lot of personal information, but I'm way over my head + +My father has terminal cancer. He has weeks to months left- it's hard to tell. I just found out today that he has been throwing away all his medical bills because he doesn't see a point in paying them. He has insurance, but they are still in the thousands because of multiple hospital stays. He is 62 and has a pension, but it's not much. He cannot afford these bills, which is why he's throwing them away. + +He has a small life insurance policy, and no other assets. I know he has a credit card, so I'm assuming there's debt there too. He gets a pension, but I don't know how much or where that is going or what they are spending it on. He was behind on all his bills, and I've paid three months of back rent plus September ($7,200), the cell phone bill ($315), and the car insurance ($341) as those seem like priority for now, but I don't have unlimited funds. + +Will there be severe repercussions for this? The life insurance is important because we need that for burial expenses. I've spent almost 10K in the last week just on these bills, food shopping, basics like sheets and pillows for my dad's bed, etc. This is most of my savings; I don't have much left. + +Also, I still have two half-siblings who are only 18 and 19. Their mother was an addict who left when they were very young. My father is their sole support. I live about an hour away, and they already said that they do not want to move to my area. After my dad passes, are they eligible for anything? One is in college (lives in the dorms during school year), the other works part-time at a grocery store and just graduated high school- he is not going to college but is considering trade school. They are adults but they are not self-sufficient yet. + +Sorry if this isn't the right place. I've never had to deal with this, and nobody that I know in real life knows the answers, and I feel extremely overwhelmed. + +EDIT: I cannot thank you all enough. I am much better prepared to handle the finance side of this now. I'm extremely grateful. I'm so surprised and thankful for the response here- when I logged off yesterday, I had a few replies and I was grateful. I was shocked to log in today and see all of the replies. I'll never be able to reply to everyone, but I am very, very appreciative. +Double down on Google during this recession a good idea? I've been buying into Google and Amazon since the stock split and am wondering if the sea of red is a great opportunity to double down on my holdings of Google since it's currently less than $100 a share +📺 TG: [t.me/astrobeagle](https://t.me/astrobeagle) + +&#x200B; + +**🚀🚀Welcome to Astro Beagle, the meme token - killer of all meme tokens. 🚀🚀** + +Tired of all these shibu, doge, inu's???? Well we're here with a brand new doggo to bring to the MOON!! + +**Tokenomics:** + +Name: AstroBeagle + +Symbol: $Beagle + +Total supply: 1,000,000,000 + +Burned Supply : 200,000,000 before the sale + +5% fee auto add to the burn LP + +3% fee is reflected to all the holders + +💧 Locked will be Liquidity via DXsale - I will provide the link + +🐳 Anti-whale Mechanics - Max TxAmount 1% of supply + +🔥 Token Burns + +❌ NO DEV TOKENS + +🔥Contract: + +bscscan.com/address/0x095e2274c764445494f11a5d02f657998daf1716 + +🔥PancakeSwap: + +exchange.pancakeswap.finance/#/swap?outputCurrency=0x095e2274c764445494f11a5d02f657998daf1716 + +🔥Chart: + +charts.bogged.finance/?token=0x095e2274C764445494f11a5d02F657998DaF1716 + +📺Twitter: twitter.com/BeagleAstro + +Hey I found another project that will be listed soon! They are waiting for 1k Members in their telegram, so make sure to join! I checked the contract and there a no bad functions in it! Before buying in check it yourself and do your own research! Check out the telegram group at least +**In a mist of shitcoins, an ODIN was born..** + +ODIN is a decentralized system designed to build a data oracle network based on an open protocol for interaction between participants and a sustainable economy. In addition to organizing the data oracle network, ODIN involves building a decentralized peer-to-peer data sharing and trading ecosystem for delivering real-world data to onchain for various use cases such as DeFi, betting, forecasting apps, or NFT. + +**Whales already OUT, nice and steady growth. Get in while you can.** + +&#x200B; + +[👪](https://emojipedia.org/family/) **Community/Socials:** + +[https://t.me/odinprotocol](https://t.me/odinprotocol) + +[https://twitter.com/odinprotocol](https://twitter.com/odinprotocol) + +&#x200B; + +[💻](https://emojipedia.org/laptop/) **Web:** + +[https://odinprotocol.io/](https://odinprotocol.io/) + +&#x200B; + +✨ **Pancake Swap:** + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2802eb3a20f5892956d5b9528f6bf13e648534db](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2802eb3a20f5892956d5b9528f6bf13e648534db) + +&#x200B; + +📊 **Chart:** + +[https://poocoin.app/tokens/0x2802eb3a20f5892956d5b9528f6bf13e648534db](https://poocoin.app/tokens/0x2802eb3a20f5892956d5b9528f6bf13e648534db) + +&#x200B; + +🔐🔐 **ODIN Locking Tx** 🔐🔐 + +**ODIN Pancake Swap LP Tokens Locked – 12 Months** + +`https://bscscan.com/tx/0xea17a2bd4d4b7fd74d474c81876e7bcae3f3c4b1508fef7f75c8ac74b6cec460` + +**ODIN DAO Treasury Pool Locked – 9 Months** + +`https://bscscan.com/tx/0x1ef29906dd4df0fa14995c27cad45df6cfb2c2ca1f190123f337df4252c28468` + +**ODIN Stacking Rewards Pool Locked – 9 Months** + +`https://bscscan.com/tx/0xeace162ccbed83c38d6d9ffc818356c387b6ba668dfed0656046d6df9b4ef1ff` + +**ODIN Data Consumers Pool Locked – 12 Months** + +`https://bscscan.com/tx/0x023abe1e255ade999f10d1cda12331a14163d949cf42b74d8aada2d45951778d` + +**ODIN Company and Team Pool Locked – 12 Months** + +`https://bscscan.com/tx/0x847c682b5e0d397e12e10dcd514321fb36e864e9eb5ff541d91109d9e6101e17` +[https://medium.com/efficient-frontier/fiat-update-what-are-central-bankers-up-to-in-2020-58105f234a04?source=friends\_link&sk=12aab05b1b9a2a36d664ed96f9580e9e](https://medium.com/efficient-frontier/fiat-update-what-are-central-bankers-up-to-in-2020-58105f234a04?source=friends_link&sk=12aab05b1b9a2a36d664ed96f9580e9e) +https://www.cnbc.com/2019/09/06/analyst-slaps-sell-rating-on-beyond-meat-says-plant-based-meat-market-not-as-big-as-people-think.html + +D.A. Davidson initiated Beyond Meat with an underperform rating and a $130 price target. + +The firm says the plant based meat industry could end up smaller than the plant based milk industry. + +Beyond Meat's stock ticked 3% lower in premarket trading on Friday. +Please forgive the mobile format. + +I've been investing in crypto for about 2 years now (started sometime in 2020). My goal from the beginning was not the world cup but a starry night being financially free (10 year goal 2030). Now that hasn't changed, I still dream of waking up and dedicating my time to my family and things I love to do. + +As stated before I've been in crypto for 2 years. 2 years of learning and working on my portfolio. I've FOMO'd at the top and bought the dips as well. I learned about what projects to avoid and what projects have potential. I've been DCAing since the beginning (every week), no crazy amount but money that could've gone to junk food for lunch (great weightloss program actually). + +The FIFA World Cup is this year and I am a huge Football/Soccer fan. As a fan obviously attending an even like that is a dream, especially the final. To get to the point I am planing on keeping my DCA plan, and hope the decisions I make (and the market) help me achieve this specific goal in 4 years. I guess now that I look at it I should've titled this post "I HOPE crypto pays for my World cup ticket". + +Either way, I wanted to post this for accountability sake. I won't disclose how much I hold in crypto. Obviously I HODL BTC, ETH, ADA, AlGO, MATIC, LRC, etc, etc.... Eggs in different baskets sort of thing. I see people with posts like this that post updates, not sure how to do that but I promise to update in 4 years. + +Fingers crossed boys! To financial freedom and the World Cup Final!!!!! +I risk being downvoted to oblivion but here it goes. + +Nano is fast and feeless. Both fantastic and useful attributes. + +But. + +It’s only slight faster and cheaper than other options. Take XLM - a transaction takes less than 5 secs and is basically feeless (.00001 XLM). Sure it’s a tiny bit worse on both cases but XLM also has an extensive roadmap and a lot more use cases. + +Im sure there are plenty of other coins similar to XLM too and I think being very slightly quicker and cheaper is quickly overshadowed by being so one dimensional. +Microstrategy bought bitcoin in 2020. Two years later an institutional wave of money is now entering. + +El Salvador bought bitcoin in 2021, by 2023 a wave of sovereign nations will be buying bitcoin to hold as reserves. + +Bitcoins fair value is somewhere between gold and global debt which is between $10 trillion and $200 trillion ($500k to $10 million per coin). + +New tech is always overvalued before it is fully adopted just like the dot com bubble in the 90s getting way ahead of itself before most people even had a home internet connection. + +Bitcoin will not rise slowly. It will not give people the chance to take their time. It will melt faces off as it leaves everyone behind. A million dollar bitcoin will not take another 10 years, and it doesn't need to be held by five billion people to get there. It will be overvalued well before mainstream adoption takes place. + +Once institutional fomo is well underway and sovereign nation fomo is heating up the price will rise by $100k in a month. It took 12 years to go from zero to a one trillion dollar market cap and once we are solidly above one trillion it could reach two trillion in a matter of months. + +Bitcoin will find its true value somewhere between $500k and $10 million per coin and it will happen faster than anyone on earth could possibly imagine. +[Buried in the 10-K that Gamestop released today, under ITEM 9B Other Information](https://news.gamestop.com/node/18661/html#i3ad65c8584a445ee94e4314f67ce616c_109) are additional upcoming changes to who will stand for reelection to the board in June: + + + +>Reference is made to the Current Report on Form 8-K that we filed with the SEC on January 11, 2021 that disclosed that on January 10, 2021, we entered into an agreement (the “Agreement”) with RC Ventures LLC and Ryan Cohen. This Form 8-K also disclosed that, pursuant to the Agreement, we agreed that effective at our 2021 annual meeting of stockholders (the “2021 Annual Meeting”), the size of the Board would be reduced from the current 13 directors to nine directors and that the Board would nominate for election the individuals identified in the Form 8-K for election as directors at the 2021 Annual Meeting. **As of the date of this Form 10-K, the Board has not determined the definitive slate of nominees but currently expects that the following incumbent directors will retire from the Board at the 2021 Annual Meeting: Lizabeth Dunn, Paul Evans, Raul J. Fernandez, Reginald Fils-Aimé, William Simon, James K. Symancyk, Carrie W. Teffner and Kathy P. Vrabeck.** The contemplated retirements are not because of a disagreement with us on any matter relating to our operations, policies or practices. + + +**This change would leave only George Sherman and Kurt Wolf remaining from who was on the board prior to the deal with RC Ventures.** + + +*This indicates four more board members than previously announced are planning on leaving. Additionally, a little further down there is a caveat under the description of the formation of the Strategic Committee that indicates additional senior executive changes may be in the cards:* + + +>Our Board of Directors has formed a committee of directors called the “Strategic Planning and Capital Allocation Committee” (the Strategic Committee). The Committee is responsible for assisting the Board in its oversight of our operational objectives and corporate strategy, capital allocation priorities and other opportunities for maximizing stockholder value. Our Board, through the Strategic Committee, is currently evaluating our executive leadership team skill sets related to meeting changing business requirements and has engaged a third party firm to assist it in its evaluation and exploration. **This evaluation and exploration could result in a change in one or more of our senior executives.** + + + + + +******* +`````Updated since some incorrectly believe this is old news````` + +Here is the [original section of the 8K filed for the agreement with RC Ventures Jan 11](https://news.gamestop.com/node/18396/html) that shows the four additional names listed as leaving today were at that time expected to stand for re-election: + + +>Pursuant to the Agreement, the Company has agreed to increase the size of its board of directors (the “Board”) by three directors to a total of 13 directors and appoint Alain (Alan) Attal, Ryan Cohen and James (Jim) Grube (the “New Directors”) as members of the Board, each with a term expiring at the Company’s 2021 annual meeting of stockholders (the “2021 Annual Meeting”). The Company has further agreed that, effective at the 2021 Annual Meeting, the size of the Board will be reduced by four directors to a total of nine directors. The Board will nominate each of the New Directors (or their replacements appointed in accordance with the terms of the Agreement) and **current directors Paul Evans, Reginald Fils-Aimé, George Sherman, William Simon, Carrie Teffner and Kurt Wolf for election as directors at the 2021 Annual Meeting.** + +******** +Edit 2: +Just spotted another minor change from the same section of the 10-K: + +The previous CFO is out as of tomorrow, not the 26th, with the previously mentioned interim CFO picking up his duties until a replacement is announced. Not really new info, just moved the timeframe up 2 days. I wonder if this means there will be a new CFO announcement sooner because his end date moved up, or if it means they are still searching and the interim will be in place for a while. + +>Mr. Bell’s cessation as our Chief Financial Officer and Ms. Saadeh-Jajeh’s assumption of the role of interim Chief Financial Officer will occur on March 24, 2021 + +******** +Edit 3: +One last edit because I'm seeing a lot of articles coming out in the media where they lean heavily on the fact that Gamestop retains the ability to issue shares: + +From [page 29 of today's 10-K filing](https://news.gamestop.com/node/18661/html), under + +**Liquidity and Capital Resources** + + +>Based on our current operating plans, we believe that available cash balances, cash generated from our operating activities and net availability under our revolving credit facility **will provide sufficient liquidity to fund our operations for the next 12 months as well as the foreseeable future.** + + +Yes, the company retains the option to make an ATM share offering, but they are plainly stating that as it stands right now they don't need to do so to raise capital to meet their plans. +Back in 2013 when the entire market cap hit $1 Billion for the first time, it was really scary to put a considerable amount of money in BTC. You might like Bitcoin and find it interesting but doubt would still creep up in your mind about its staying power and the fact that one bug could bring it all down. Mt. Gox got hacked, 800,000 BTC stolen, it crashed from $1200 to $190 by 2015, so how do you even believe that 5 years later it would be a sustained $200+ billion market? Yet here we are. + +As long as the Bitcoin blockchain is churning out new blocks of unstoppable transactions, that's all that matters. Naysayers don't understand that this is all Bitcoin needs to do: Churn out new blocks every ten minutes. And with every new block, a monumental amount of energy and work is stacked on top of the previous block, and so on, and so forth, making it stronger. [At 99.98% uptime for 11 years](https://www.buybitcoinworldwide.com/bitcoin-uptime/), it's sticky enough to now [last much longer than that](https://en.wikipedia.org/wiki/Lindy_effect). This network will be transferring and storing trillions of dollars within this decade and beyond. +**What is IEX ?** link below, by u/Rs_Spacers 🚀🚀🚀 + +[https://www.reddit.com/r/Superstonk/comments/mqb42g/i\_know\_a\_lot\_about\_iex\_let\_me\_explain\_to\_you/](https://www.reddit.com/r/Superstonk/comments/mqb42g/i_know_a_lot_about_iex_let_me_explain_to_you/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**IEX seeking to overhaul and improve fairness... 🚀🚀🚀** + +[https://www.reddit.com/r/Superstonk/comments/mqtid5/new\_sec\_filing\_from\_iex\_seeking\_to\_overhaul\_and/](https://www.reddit.com/r/Superstonk/comments/mqtid5/new_sec_filing_from_iex_seeking_to_overhaul_and/) + +&#x200B; + +**How to IEX with TDA** Easy 2 steps **🚀🚀🚀** + +[https://www.reddit.com/r/Superstonk/comments/mw65tt/instructions\_on\_tda\_switching\_to\_iex\_investors/](https://www.reddit.com/r/Superstonk/comments/mw65tt/instructions_on_tda_switching_to_iex_investors/) + +&#x200B; + +**Fidelity, trying order through IEX** u/Tone-loc27 **🚀🚀🚀** + +[https://www.reddit.com/r/Superstonk/comments/n0hgvs/fidelity\_order\_routing\_through\_iex/](https://www.reddit.com/r/Superstonk/comments/n0hgvs/fidelity_order_routing_through_iex/) + +&#x200B; + +**Fidelity users with no IEX, other choices** by u/lucioghosty **🚀🚀🚀** + +[https://www.reddit.com/r/Superstonk/comments/mq7l4h/fidelity\_users\_you\_can\_manually\_route\_your\_trades/](https://www.reddit.com/r/Superstonk/comments/mq7l4h/fidelity_users_you_can_manually_route_your_trades/) + +&#x200B; + +**Use IEX, why this topic die,** link to more links u/dunkaroo55 **🚀🚀🚀** + +[https://www.reddit.com/r/Superstonk/comments/mvpahp/read\_before\_buying\_more\_gme\_use\_iex\_to\_execute/](https://www.reddit.com/r/Superstonk/comments/mvpahp/read_before_buying_more_gme_use_iex_to_execute/) + +&#x200B; + +**🚀🦍🚀🦍🚀🦍🚀🦍🚀** +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi! Im just about to graduate from high school and want to eventually become a ~~day trader~~/live off passive income and be able to work for myself. To be able to build a foundation in trading and learn more about the markets, i would like to seek the wisdom of reddit to find the answers to my questions. +1) How would you invest your first $5000? +2) what would you have decided to study in college? +3) what goals would you have set for yourself? +4) any other pro tips? + + +*Update*:i'll stay the hell away from day trading + +Considering you think you might, will or already have fatFIREd and thus know how to handle money.. + + +* What would you ideally teach your kids or young people about money, life or working? +* How will you handle your money vis-a-vis your kid's inheritance? (worried about their work ethic?) +* What will you teach them about educational and/or life goals? +I work in a finance company, and a huge chunk of my pay comes in the form of an annual end-of-year bonus. This bonus is typically at least $200k pre-tax, sometimes substantially higher. + +I’m trying to figure out what I should be doing with these bonuses when I get them. Should I just dump it all into index funds immediately? Should I invest steadily throughout the year, and accept that I’ll have a huge chunk of money sitting in a checking account for most of the year (this is what I do now)? Or is there some third better option? I’ve considered more active investments such as real estate, but I believe I could get a better return on my time by just spending more time at work and earning a larger bonus. + +Sorry if this is an obvious question that’s been asked before, but I couldn’t find an obvious answer, and I feel like I’m wasting a little potential by keeing so much in a checking account. +TSLA continuing on an upwards trend forever is the easy way for this to all play out. That’s a simple win. I, on the other hand, want to see how deeply people have thought about their asset allocation if things were suddenly different. + +1. How long have you been investing? +2. What price did you buy TSLA? +3. What percentage of your portfolio is it? +4. Have you taken any profit yet? +5. Do you have a plan for if TSLA value falls by 30%, then by 60% and then by 90%? + +I am interested in discussion that’s focussed more on people’s outlook & planning. +A rare public spat in the technology industry escalated on Tuesday when Google said it would block its video streaming application YouTube from two Amazon.com Inc devices and criticized the online retailer for not selling Google hardware. + +The feud is the latest in Silicon Valley to put customers in the crossfire of major competitors. Amazon and Google, which is owned by Alphabet Inc, square off in many areas, from cloud computing and online search, to selling voice-controlled gadgets like the Google Home and Amazon Echo Show. + +The stakes are high: many in the technology industry expect that interacting with computers by voice will become widespread, and it is unclear if Amazon, Google or another company will dominate the space. Amazon's suite of voice-controlled devices has outsold Google's so far, according to a study by research firm eMarketer from earlier this year. + +In a statement, Google said, "Amazon doesn't carry Google products like Chromecast and Google Home, doesn't make (its) Prime Video available for Google Cast users, and last month stopped selling some of (our sister company) Nest's latest products. + +"Given this lack of reciprocity, we are no longer supporting YouTube on Echo Show and Fire TV," Google said. "We hope we can reach an agreement to resolve these issues soon." + +Amazon said in a statement, "Google is setting a disappointing precedent by selectively blocking customer access to an open website." + +It said it hoped to resolve the issue with Google as soon as possible but customers could access YouTube through the internet - not an app - on the devices in the meantime. + +The break has been a long time coming. Amazon kicked the Chromecast, Google's television player, off its retail website in 2015, along with Apple Inc's TV player. Amazon had explained the move by saying it wanted to avoid confusing customers who might expect its Prime Video service to be available on devices sold by Amazon. + +Amazon and Apple mended ties earlier this year when it was announced Prime Video would come to Apple TV. Not so with Google. + +In September, Google cut off YouTube from the Amazon Echo Show, which had displayed videos on its touchscreen without video recommendations, channel subscriptions and other features. Amazon later reintroduced YouTube to the device, but the voice commands it added violated the use terms and on Tuesday Google again removed the service. + +The Fire TV loses access to its YouTube app on Jan. 1, Google said. Amazon has sold that device for longer than the Echo Show, meaning more customers may now be affected. + +https://www.google.com/amp/mobile.reuters.com/article/amp/idUSKBN1DZ37O +**TA;DR:** In 2005, investors of CMKM Diamonds, Inc. attempted to pull all their shares out of the DTC and direct register them in their own name. During this process, 68.5 billion phantom shares were discovered and brokers began deleting CMKM shares from investors accounts. Brokers also prevented many shareholders from direct registering and instead had physical certificates issued to *themselves*. While there are significant differences between CMKM and GameStop, this may be the closest example of what to expect as the float gets closer to being locked up in Computershare. If/when shit hits the fan, don’t be surprised if the brokers pull the same kind of bullshit. DRS early and often. + +**TA:DR end** + +\*This post is a selected summary of pages 208-227 of Dr. Susanne Trimbath’s book “Naked, Short and Greedy.”\**^(1)* *If you are unfamiliar with Dr. T (or a douchebag shill), please refer to footnote 1.* + +On November 4, 2005, CMKM issued a press release announcing a distribution that would require investors to get their shares registered in their own name, i.e., out of DTC.^(2) Deadlines were set for DTC withdrawal and a shareholder task force was created. In July 2007, after several delays, the task force announced the total number of registered shareholders and shares. They also disclosed the existence of over 68.5 billion phantom shares, i.e., > 68.5 billion shares that could not be accounted for (should not exist). + +**Most relevant to GameStop:** + +Many of the investors were unable to direct register their shares because they were holding phantom shares. Although the investors had paid for these shares, the brokers either never obtained these shares to begin with or they had lent them out thereby passing on the “real” shares to the borrower. Dr. Trimbath dubbed these CMKM investors as “UnShareholders.”^(3) + +A deeper dive into these UnShareholders revealed that: + +* The following brokers were shown to either delete CMKM shares from UnShareholders’ accounts or incorrectly told them certificates were not being issued: Fidelity, TD Ameritrade, UBS Financial Services, Inc., Royal Bank of Canada, eTrade Financial, Bank of America, Charles Schwabb, Bank One, Bank of America, Qtrade, Piper Jaffray, eNorthern Brokerage, LeumiTrade, Fortis Bank Bruxelles/BBH New York + +&#x200B; + +* The following brokers told “UnShareholders” that they could not get certificates. However, these same brokers got certificates for themselves: Bank of America, Ameritrade, eTrade Financial, Royal Bank Canada, UBS Financial, Chase, Charles Schwabb, QTrade, Piper Jaffray, Bank Leumi, Bank One + +&#x200B; + +* Charles Schwabb, Chase Bank and RBC Dain deleted investors share positions at a time when the firms had no shares either in depository or on the books of the issuer + * Schwabb deleted investor positions (10 million shares) and at the same time ordered certificates for their own trustee accounts + * RBC deleted investor positions (11.5 million shares) and told investors that there were no share certificates available. However, documentation shows that RBC received certificates for themselves and other customers. + * Chase deleted a high number of investor positions + +&#x200B; + +In the end, all shareholders of CMKM got fukt, including those that were able to direct register. There was no real value in the firm – they did indeed mine diamonds; however, it was revealed that all mineral rights belonged to the founders of the company, not the shareholders. Multiple lawsuits were filed and some are still pending. + +“The allegations of fraud and corporate abuse are the reason why no one heard the rest of the story, the one **where brokers were allowed to cheat investors by taking their money and never giving them any shares of CMKM**” (Trimbath, p. 209). Although Dr. T tells the story using CMKM as the example, she emphasizes that this stuff happens to every company with publicly-traded shares, big or small. + +Some key differences between CMKM Diamonds, Inc. and GameStop: + +https://preview.redd.it/ywoj8twe56a81.png?width=975&format=png&auto=webp&s=af0fa1f534a903a9cd83fe3f33f10dddaf5b4c44 + +\*There were diamonds being mined but whatever mineral rights claim the founders of CMKM had was only ever owned by the founders. The assets never belonged to the company. + +\*\*[https://www.sec.gov/litigation/aljdec/id291bpm.htm](https://www.sec.gov/litigation/aljdec/id291bpm.htm) + +&#x200B; + +**The purpose of this post is to point out the behavior of the brokers during the DTC withdrawal process.** Unlike CMKM, GameStop has an extraordinary future and is not going bust. The DTC, SEC, market makers, and brokerage firms will have a harder time sweeping things under the rug of the court system if and when things get spicy with GameStop. That being said, we are in uncharted waters. + +If retail owns multiples of the float, which I firmly believe, what kind of behavior can we expect of the brokers if/when shit hits the fan? DRS, mofo. + +&#x200B; + +&#x200B; + +&#x200B; + +^(1)Anyone who throws shade at Dr. Trimbath is either a shill or lacks the knowledge of her background. She is a business professor in Arizona who started her career at the Federal Reserve Bank and DTC. She has been fighting the corruption for a couple decades and has even lent her time to Reddit for multiple AMAs. BuT sHe HaS bEEn PUshiNg HEr nEW BoOK “Naked, Short and Greedy.” Yeah, moron, she lays out all the corruption in detail for us. Besides, she deserves every penny she gets from the sale of this book. She has been fighting the good fight long before any of us knew of the corruption. + +^(2)DTC stonewalled any future attempts by other companies and got the SEC to grant approval for a rule change that prohibited requests for withdrawal of certificates that could be **instigated** by issuers. Hence, we would never see GameStop recommending that we direct register with Computershare. The fact that they mentioned Computershare in the last quarterly report should be telling. I’m hopeful they give us an update in Q4, but I wouldn’t be surprised if a new rule or undisclosed SEC threat prevents this. + +^(3)Almost anyone who receives a 1099 with “unqualified dividends” when they believe they owned regular shares, are probably UnShareholders, too. +Skip to the last two paragraphs for TLDR. I'm on Aetna Medicaid, which explicitly includes dental coverage for preventative care, including a checkup and cleaning. So I ended up having to call 7 different dentist's office before I finally find one who tells me they do accept my Medicaid dental insurance. + +I show up for my appointment, and the receptionist at the front desk tells me that they actually DON'T accept Medicaid dental at all, and that somebody "at a call center" mistakenly told me that they do. I was confused and turned around to start to leave, and she stops me and says, "Wait, since you're a new patient we can do one free courtesy cleaning and checkup if you want to keep your appointment." + +I agree to this, mostly because I'm sick of calling new dentist's offices. I go into their room and let them work on my teeth. I don't question anything they do because I know nothing about dentistry of course, I assumed it was all part of the "cleaning and checkup" I was offered at the front desk. They took x-rays and used some scraping tools in my mouth. At one point they offered to do something called a "fluoride varnish", but because I don't have any cavities and have very little money I turned it down in case it was going to cost me anything. + +As I left, they were very polite to me and one of the people at the front desk turns to me and says "Oh, did the receptionist tell you this was going to be $99.00"? I was a bit confused and said, "Well, no, she said it would be free since my Medicaid wasn't going to cover this visit but I'd have a free checkup as a new patient." + +She nodded and said "Oh of course, that's correct, don't worry about it then, you can be on your way." + +And today I received a bill for a total of $811.00 for: Evaluation - $123, Prophylaxis - $133, Diagnostic casts - $182, Panoramic image - $166, and Intraoral full mouth images - $207. + +I cannot pay this bill. I'm having a panic attack because the reason I'm even on Medicaid at all is that I make very little money, because I'm disabled. What can I do about this? + +Edit: They did do the diagnostic casts using a digital scanner. I unwisely signed a paper agreeing to let them do it during the evaluation. + +Edit 2: I was not expecting this amount of turnout on this thread. Thank you all so much. Every single comment has helped put me at ease and I no longer feel crushing anxiety about the situation. I've been up for about 27 hours straight now due to the stress the circumstances have caused me but it seems like I'll finally be able to sleep. + +Edit 3: I took the bill directly to the receptionist in person as advised by some of the comments here. She confirmed that last time I was there was my first visit and she said "Oh I remember you, you can just disregard that, I'll speak with our billing department." I'm hoping this means I won't be charged for anything after all. +I am all for letting people struggle through hard times to a certain point. Im also against “economic outpatient care”. I did have my college paid for, but other than that I worked hard long hours for all I have and never inherited a dime. + +All that being said, I find myself helping my teen niece a lot with her private education. She has mild learning disabilities and a crappy family life. Her mom is a narcissist and dad a deadbeat. They had her by accident, and got married and divorced within a year after she was born. She knows all this. Her mom remarried a narcissist who was emotionally abusive towards them both. The problematic story goes on and on. + +Her mom wastes money on frivolous business ideas like her most recent, a specialized type of rural cafe that can not possibly turn a profit. + +If she kept working her regular remote corporate job and instead spent that divorce money on her child’s education, she could afford it. + +If I don’t help, my niece will end up working in this cafe living with mom in community college which doesn’t have the program she wants. My sister has brainwashed her into thinking student loans are very bad. My niece is mathematically challenged and believes her. + +My niece dreams of going to college for a specialized program she’s good at. Those programs are located far from her home in a different state. I took her to visit those colleges and she really wants to go. + +So, due to my sister’s idiotic and selfish nature, and the fact I love my niece, I am helping financially. I don’t want to see niece ruin her live living in a rural area she doesn’t like working for her mom. My niece sees many college dropouts in the family, who don’t do well in work either and live off the government, and would likely do the same. + +One grandma is also helping but she’s not as financially able to as I am. + +I wish I could force my niece’s dad to work and help, and force my sister to quit wasting money on $150 haircuts, nails and frivolous business ideas. But she never will until she goes broke which she eventually will at the rate she’s going. Plus she has health issues so may actually die before she spends it all in a few years. Who knows. + +What annoys me is my sister has no qualms about letting others pay for her kid. It does not bother her. I’d have too much pride and work two jobs, cut out the extra car and fancy haircuts, if I were in her shoes. + +Does anyone else help family kids who otherwise would not get an education? I do not know anyone else who does this. + +She would end up like her deadbeat dad if she did not get an education in her chosen field of study - which she is good at. I am fairly sure of that. + +I would think many people are in this situation but I have yet to meet any. +I am 20 years old, currently living rent free w/ my parents. I have saved up 10 thousand in cash and currently have 9 thousand in amazon stocks. I have been looking at possibly just putting my money into a vanguard account. I just wanted to know what other good options you guys think are possible for someone in my situation. Thank you in advance! +There have been a few discussions on here recently about which SUPER fund people should be using and the advice provided in the Barefoot Investor is not the greatest regarding chasing lowest fee's. + +From what a large number of people are saying it's all about the NET performance of the SUPER fund you want to be checking. + +But where do you easily find this information? +Just like everyone bangs on about ING, UBank and Macquarie being good bank accounts - surely we can start banging on about some key high NET performaning SUPER Funds too? + +Let's discuss. +I have a Toyota Hilux which I no longer use, I am either going to sell it, or chuck it up on CND. But I am unsure how profitable it’s going to be for me. + +The car is 2017, Cab Chassis with low Kms - 25,000 or so. I can fetch a pretty penny for it on the current used car market, like $24,000+ . + +I am weighting up to chuck it on CND as I live inner city and have parking. I have financing on the car, $350 per month, so in my head, I just need to make more than that per month to start making money. I would have it available 24/7/365 as I have no use for it and already have a primary car. + +Any advice or insight from CND Renter, Carlords or Money Minds is appreciated. + +Cheers +Am I'm being delusional thinking that on my crappy retail wage I'd be able to actually be able to live with the monthly repayments? I'm single too. I've managed to save a bit over the years but obviously I'm not in a high paying job. I'm also just looking for a unit apartment or town house. I know I can't afford a house. +I'm just wondering as I have no immediate family members, and in a situation where I pass away, I imagine all my money would go to the government. I also know some people leave their money to charities but I don't have one in mind. + +I don't have any friends to leave it to either, so I just want to prepare on what options I have. Any ideas on how to prepare for this sort of thing? +While finalising the tenancy contract for a new flat I'm moving into, a letting agent has suggested the following: + +"In regards to the deposit, its best that Mr. X (me) pays his share of the deposit to the outgoing tenant, then I shall update the deposit certificate my end with the new names." + +This sounds a bit odd to me, is this a valid? I know there's a tenancy deposit protection in place here in the UK and was wondering if it allowed for these kind of arrangements. Thanks in advance + +Note I'm joining other tenants in a shared tenancy agreement +I am seriously considering switching my main current account to Starling or Monzo. I'm well aware of all the benefits these accounts provide but less confident about aspects such as reliability and customer service, given they are new (and only surviving because of the continuous flow of VC money) + +I'd be really interested to hear people's tales of scenarios where things have gone wrong and how easy was it to rectify. + +For example, if your phone was lost or stolen (this is a particular concern as there is no website backup) or if there was an error or fraud. + + + + +Thanks in advance +So randomly coinbase just canceled my $10k order. My account is verified, 3 years old, connected my bank to do ACH buy of $10k for Bitcoin. They say it’ll take 5-10 days to show up in my account and it never does. Then I check order history and it shows up as pending and that it was to arrive a couple days prior (never did) and now today it says it was canceled altogether. My bank is chase and I called their support and they said CONbase never even attempted to fill the order and there would’ve been no problem on their end. Price of Bitcoin was $31k at time of purchase and now it’s over $41k. What a disgraceful company. No support. No responses anywhere. Constantly crashes. Complete clown-show. Cost me thousands. Can’t imagine I’m the only one. Good luck to everyone! + +Case# \*\*\*\*\*\*\*\* if anyone at coinbase cares +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I'm just not sure what I'm supposed to do about this. Essentially, Experian seem to have got completely the wrong idea about my electoral roll history, with their account not lining up whatsoever with my recollection. I emailed the council directly and they assured me I am, in fact, correct about my own address history. I've complained multiple times to Experian, and get told every time that they've double-checked and the electoral roll says what they have on my report, contrary to what the council have told me it says. + +Anyone have any advice for sorting this out? I've had trouble before with a phone contract (ended up just doing it in someone else's name to escape the bother), but I'm now looking at renting a place and am terrified this is going to force me to pay the year's rent in advance to escape credit checks, which obviously isn't ideal. +I'm a senior investment analyst in asset management with a decade of investment experience. Besides my full-time job, I'm passionate about teaching others the fundamentals of investing. Some of you have seen my tutorial on distressed investing on my blog Buyside Focus. Thank you for your encouraging comments. + +I've been thinking about creating an online course on practical stock analysis. Throughout my career I've taken many online open courses on investing. They are great resources and I applaud universities for creating open courseware. However, I've found them focused more on theories, macroeconomics, and portfolio allocation, and there isn't enough practical content on security analysis - including how to source potential long & short ideas, develop investment thesis, value the company, and assess the risks. + +So I want to gauge the community on your interest in such a course. What are your thoughts on the following 3 questions: + +How are you currently learning about stock analysis? Do you feel like there's enough good practical content on analyzing stocks? (books, online resources/blogs, friends/industry contacts, open courseware, etc) + +What would you like to learn from a practical equity investing course? (how to source ideas, develop investment thesis, valuation, etc) + +Would you be willing to pay for an equity investing course? + +Your answers will be very helpful in creating something that people want. Thanks! +TLDR: Me, husband, and two kids struggling to find a place to live in a new state with low income. Looking for any advice or ideas. + + +I think I’ve hit rock bottom. I feel like such a failure financially and as a parent. I don’t know what advice could help, but I am hoping maybe you fine folks may have some wisdom. + +We moved from Oregon to Nevada when my husband got a job with better pay and much better benefits. He makes approximately $900 every two weeks. He also gets a VA disability check every month for $750. I homeschool my kids (two 9 year olds) mostly because we’ve never lived in a decent school district and also because my anxiety is severe enough that holding a job is very challenging. Up until now we didn’t have the money or benefits for me to seek help for my anxiety. Once we find a place to live I hope to find a part time job to help bring in some more money. + +We used up our meager savings to get here so we have no money for any security deposits or anything at the moment. While our rental history is good, our credit is poor. We’re usually asked to pay first and last months rent so that’ll be around $2k. If we live in our van for a month and only used about $300 for food and gas from every paycheck we should have around $1800 by the end of the month. Outside of cell phone ($80) and insurance ($80) we don’t have any other bills. + +At the moment we are living in our minivan on BLM land. It’s a daily and nightly struggle and it’s starting to get pretty cold at night. My husband works nights so at least we’re not all cramming in a small space to sleep at night. Still I’m just not sure we can make it a month or longer. Any advice? +Ya know, I was cool waiting for all this to just trade side ways. I was cool watching the highs and lows. I was cool just waiting for this to blow up, but ya know what? I’m god damn pissed now. All the bullshit we see with GME, all the patience we’ve shown. I would say I’m an otherwise chill dude who just has one rule, dont fuck with my money. + +After this mornings action, it dawned on me, someone is fucking with our money and I am pissed. I’m gonna hold and even raise my floor til 25 million. Fuck these hedgies and fuck their attitudes. I haven’t seen a worse bunch of losers since 6th grade dodgeball. I may only have low XX shares but those are my shares, my money and fuck you if you think you can shake them off of me. Like a captain I’ll go down with my ship. But unlike the titanic, we have plenty of life boats and jackets. Bring it on, I ain’t hear no fucking bell. + +Edit: I wanted to say thank you to all my fellow apes who have commented and wished me well. This post was made out of frustration but your comments and concerns have really lightened my mood a lot. So thank you. Seriously, thank all of you. I am proud to call myself an ape and be part of this with all of you, there’s not a better group of stock traders that I know. +Hello everybody! +I’m Richard 20/m planning my depot. +Because of my as I think very long investment horizon I about successful businesses and sectors of the future. I have some thoughts, which is like to share with you and please also give me your opinion. +The following sectors/stocks could be very interesting for the future: + +Space & Defence: +- Airbus +- Lookheet Martin +- Northrop Grumman + +Technology: +- MSCI World Information Technology +- Nvidia +- Texas Instruments +- SoftBank +- American Tower +- Apple +- Umicore +- Tomra + +Finance: +- Visa +- Mastercard +- Berkshire Hathaway + +Property: +- VanEck Think Global Real Estate ETF +- Welltower +- Medical Property Trust +- Digital Realty Trust Inc +- Vonovia + +India & China: +- Franklin FTSE China ETF +- Franklin FTSE India ETF +- Alibaba + +AI & Automatization & Software: +- Adobe +- Autodesk +- Microsoft +- Google +- Rakuten +- Amazon + +Biotechnology & Pharma: +- Tyson Foods +- Johnson & Johnson +- Siemens Healthiness +- Carl Zeiss Meditec +- MSCI World Healthcare ETF +- BB Biotech +- Intuitive Sergical +Hello, + +As the title says, I'm going to become a dad, which is daunting hah. +However I had a real hard life growing up with not much etc and not much to do with money other than jobs I work. + +I want to be able to make a difference in my child's older life, one which my parents didnt have the opportunity to provide for me. + +I'd like to, over the next year put 1000 pounds to one side into an account, any money she gets as she gets older to put into this account, and also add to it by putting say 50 pounds per month into it. + +I know that's not alot and perhaps in the future I can put more. But I want to give her the best start, either when she turns 18, or into her 20s (I feel as though at 18 she might squander her money) + +She might even become the first person to go to university I'm not sure. I'd like to think so. + +Anyway any advice is greatly appreciated. + +Many thanks. + +Edit: + +Just want to say thanks to everyone for replying. + +I will take into account many things. Especially the pension thing jsipp. I + +I'll spend the next few weeks researching options before proceeding. I know I'll want to do something sooner rather than later. + +Many thanks again. +**(TL;DR)** + +On the 21st of June this year $TLSS entered into an agreement to purchase SalSon Logistics for the purchase price of $90 million. Using average EV/EBITDA multiples for the transportation and logistics sector in the US, and TLSS' current outstanding shares, I value SalSon to be around $.06 (330% the current share price of .0181) . Even without that valuation method and just using simple metrics, the current Market Cap for TLSS is 40M, so acquiring a company that makes 100M in revenue will send TLSS flying. This one acquisition will take TLSS from zero profit to millions of dollars worth of profit, and we have all seen the jump that stock prices have had once a company turns a profit. The acquisition deadline is planned for Sept. 13th, 2021 so you should buy while you still can. + +**Backstory** + +TLSS is a holding company with a strategy of buying profitable, well-managed companies and keeping their management in place. They build up the companies underneath them while adding more companies to the fold. This has been a very successful way of rebuilding the company and will continue to be successful going forward. + +As for a little history, TLSS was once called PetroTerra and was set up by Lawrence Sands. Lawrence did some pretty fishy stuff, which would take a whole other post to list. The final straw was acquiring Prime EFS "run" by Frank Mazzola, a man with many SEC regulation lawsuits against him. I put run in quotations because technically he was not allowed to run a company due to the lawsuits against him, so his mother "ran" the company. Prime EFS eventually lost a contract from Amazon, which at the time was pretty much TLSS's only source of revenue. This is what caused the massive plunge down to a penny. + +You may be saying to yourself "That doesn't sound like a company I want to invest in" and you would be completely right. However, the good news is that over the past couple of years TLSS’ new CEO, John Mercadante, has overseen an extremely successful restructuring. + +Since the loss of the Amazon contract, he has been working on replacing the revenue lost from Amazon by acquiring other companies. He has also reduced debt by a substantial amount ($78M in Q2 2020 to $13M in Q2 2021). Some of this was reduced from the derivative liability because a bunch of note holders decided they wanted to hold shares. This is speculation, but they might be seeing some future potential in this company. + +"Who is John Mercadante, and why is he important?" + +John was the president and COO of COACH USA. He was one of the key members in growing COACH USA's annual revenues from $100M to $1B in three years. Before that he was the CEO of Cape Transit, one of the founding companies for COACH USA, and increased annual revenues from $2M to $11M. The man has decades of experience and knows what he is doing. + +Within the past year TLSS has had a complete revamp. They acquired two companies, Double D Trucking and Cougar Express (\*I don't know how they managed to find two companies with sexual innuendos and acquire them but they did), they got rid of the debt ridden subsidiaries ShypDirect and Prime EFS by using an Assignment for the Benefit of the Creditors, and most importantly, they lined up the acquisition agreement with SalSon Logistics. + +**Why SalSon is the fire that will light the TLSS rocket to the moon** + +There are multiple reasons why SalSon can make the TLSS stock price explode. The first is SalSon’s potential valuation. SalSon is estimated to make over $100M in revenue this year with an approximate $12M EBITDA. It is difficult to value exactly how much SalSon is worth as they are a private company, however, we can use EBITDA multiple averages for the logistics industry to get an estimate. + +Using Google, the EV/EBIDTA multiple is around 12.96 for the 2021 year according to [this](https://www.statista.com/statistics/1030149/enterprise-value-to-ebitda-in-the-transportation-and-logistics-sector-in-united-states/) site. I can't make any assumptions for SalSon debt or cash equivalents, but I think the fairest assumption would be that they are relatively equal therefore canceling each other out. EV = 12.96\*12M = $155.52M. If you take that estimated market cap and use TLSS's current 2.6B outstanding shares, you get a price of around .06. The current price for TLSS is around .0181, so to get to .06 would be a 330% increase! I think it’s also fair to note that for high growth companies like TLSS the multiple is usually higher, so there is a good chance that we see even higher than .06. Past theories have suggested that companies with $100M annual revenues generally sit right under $1B valuations. If say a $900M valuation was the case, that would put TLSS at around $0.30 a share which would be incredible. However, I prefer to be more conservative and keep $.06 as the more likely valuation. + +Another reason is that SalSon will make TLSS instantly profitable. In the latest quarterly report, TLSS had a loss of $1.5M after revenues and costs of business. Annualizing this would make $6M, so a $12M EBITDA would put the company in profit! You may feel that TLSS would just siphon money from the SalSon part of the business but that’s not necessarily true. Shypdirect and Prime EFS were offloaded in the first week of September, so the associated costs and debts that they had will no longer be on the reports (They will still be on Q3 report but Will be gone by Q4). I can’t value how much of the 1.5M loss is attributable to them, but I know that these subsidiaries were like a zombie virus infected arm that needed to be cut off and left to rot. At the very least TLSS should be close enough to break even that the entire $12M EBITDA will go right into the bank (after interest, taxes, depreciation and amortization costs of course). + +Finally, acquiring SalSon will boost future growth through more acquisitions. TLSS mainly operates right now as a “last mile” shipping company. SalSon has many other avenues of logistics and transportation that will expand the possibilities of acquisitions for TLSS by making more companies easier to assimilate. This, along with the spread of locations that SalSon has across the east coast, makes acquiring smaller companies beyond more of a likelihood. TLSS wouldn’t acquire a company in Georgia if most of the operations are run out of New Jersey, so after SalSon, Georgia and plenty of other states are within the scope of possibilities. + +**Terms of the Deal** + +TLSS will pay Mr. Anthony Berritto, Salson CEO, a 7.5 multiple of whatever the EBITDA of SalSon was for the year leading up to September. The estimation is $12M which means we will be paying a total of $90M for this acquisition. This will be split into three categories. + +1. Mr. Berrito will receive 19.9% of the O/S, which is currently at 2.6B, to cover $20M of the acquisition costs. This will dilute shares some as it will increase O/S to 3.117B. I can hear the screams now, "Oh No, Dilution Bad!", and I would say that 99 out of 100 times you are right. In this case however diluting 20% of shares to increase share price by 300% or more will not be a problem. Even if you take the $155M market cap from earlier in the post and divide it by this new O/S, you still get a price of .05. I will take a 270% move any day of the year. Now if the cost of the 19.9% of shares offered does not fully cover the $20M, then the rest will be tacked onto the promissory note. +2. A $20M promissory note. This is the most variable part of the transaction. If any of the terms don't end up how they were estimated, then the remainder will be added to or subtracted from the promissory note. If EBITDA is more or less than $12M, the 19.9% of shares doesn't equal $20M, or if a little extra financing is needed, then this will be what changes accordingly. +3. A cash portion of $50M. This is the part that has some worried, however, reading from the 8-K it states " The transaction is contingent upon the Company’s ability to secure debt financing for the cash portion of the purchase price. The financing will be secured by the assets of SalSon, and it will likely rely exclusively on SalSon’s assets and financial performance." The logistics and trucking industry has had a good year so I'm not worried that SalSon will be able to provide the necessary cash portion. + +The deal is planned to close on Monday, September 13th with a 15-day grace period if more time is needed for the transfer of funds. The extension will only be allowed with proof of loan approval so an extension in this case would mean financing was secured. + +I think a fair question to ask is "Will the deal go through?" Unfortunately, we have to make a leap of faith here, but I believe in the leadership of TLSS. Myself and other investors refuse to believe that John set up this huge deal without a way to close on it. I would also say most of the burden is on SalSon, which is a profitable logistics company. I feel they will have no problem financing their portion. + +**Why should I continue to invest after the SalSon deal closes?** + +First of all, I am not a financial advisor and your money is your money so do with it what you will. However, I have a recommendation with this stock that may be interesting. + +We all understand the growth and potential that penny stocks have. They also come with a fair amount of risk. Taking money out to potentially invest in more penny stocks would not be the play in this case. With the fear and risk in the OTC market right now, you will most likely lose money (again your money do whatever you want with it). + +In TLSS, you have a proven CEO that grows his companies with aggressive acquisitions who will now be in a small cap company instead of a micro cap company. TLSS will still be considered a "growth" company but with substantially less risk. He even states in the 8-K that SalSon will be a great "foundational operation" for TLSS meaning that he will continue to grow the company after the SalSon deal. I would assume with SalSon being heavy on the east coast that future acquisitions will slowly push operations into the center/west coast of the US (Texas would be huge). Seeing a company double over a year may not be as sexy as a 300% gain in a couple weeks, but doubling money on an already 300% gain is even sexier. + +If that hasn’t enticed you, think about the logistics industry as a whole. In the short term, you have prolonged COVID effects that have increased the revenues of almost every transportation and logistics business. In the long term, we could potentially be looking at self driving trucks, reducing both accidents and driving time. It will also probably reduce employee costs, but that will be countered with higher maintenance costs so that should be relatively net neutral. Getting into logistics is definitely a good call for a long term trade. + +**Conclusion** + +To reiterate, TLSS has had its ups and downs but has finally broke free from the past and should be seen as a new and upcoming company. It is no longer the company that was losing millions of dollars on an amazon contract only to eventually lose the contract anyway. It is a small logistics company run by John Mercadante who has been doing leading and growing companies since he started his first business in 1970. With the new acquisition, TLSS will expand operations down the entire east coast and will continue to grow at a fast pace. This will be a great long term hold! +also; “hold if you can afford” + +listen up fellow apes. gme and amc are at it’s lowest price point, im a degen but wait 25 mins and make a call to BUY THE DIP TOMORROW MORNING AFTER OPEN! this is just an idea, I love these stocks and I see a BRIGHT🚀 future ahead. Why is that? well back to what Cuban said, + +Robinhood is NOT RESTRICTING BUYING TOMORROW for gme and amc. this means, we are obligated to show Mark what we apes are capable of!! lets do this!? HOLD THE LINE💎🙌🏻 Friday is PAY CHECK DAY for some so let’s get an even bigger one📈 disclaimer; i am a fucktard and not an advisor. I love these stocks and these companies:) god bless. +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. +The checks have a picture or unprofessional image and don't include the hours worked or how the taxes were deducted. She is supposed to get 401K benefits but apparently the boss takes care of that and she's never seen it. Is this illegal? She works for a small dentist office as a receptionist and her boss is the owner and runs the entire office. + +Edit: she works about 30 hours, doesn't get any benefits that I can see, and she gets paid just above minimum wage. +So my husband (29) and I (29) purchased our first home last year! We were excited as it is a new build and getting to pick the lot and seeing our house go from nothing to our home was fun! So we got a 30-year loan and gave a down payment and basically, our mortgage is $648 a month but we pay an extra $200 every month because we think this will lower our loan amount. I told my mom and she said that was fine but as someone who owns multiple homes, she told me to just give the $648 a month and out the extra $200 in a savings for when we refinance. I spoke to one of my uncles (also a multiple homeowner) and he told me the same thing. I wanted to ask you guys your thoughts on this! Should we keep giving the extra money or move that to a savings? + +EDIT: Here's some information I'm going to add because a lot of you are asking! + +Original loan amount: $129,000.00 +Current interest rate: 2.875% +Loan type: CONVENTIONAL RES WITH PMI + +Principal Balance: $124,749.94 +So I am posting from a throwaway here for obvious reasons. I am a few months shy of 42 years old. Net worth approaching $1.2 million. I found out three days ago my company is going bankrupt and today is my last day on the job. This came out of the blue. There were rumors of a pending sale/buyout. That would have been no surprise. But this is a shock. + + +Two days notice. + + +I work in a field with plenty of job opportunities, for that I am grateful. But finding a GOOD job----a job that is at a minimum a lateral move, and possibly a step up-----is another thing entirely. I have been having some burnout issues, and my current job was one I could tolerate and actually even enjoy (as much as I will ever enjoy work, it's still work but this was a damn good gig and hard to come by). + + +So now I am left wondering what is next. I can assure you what will NOT happen is for me to jump headfirst into FIRE, start a blog and talk about how this was the best thing that ever happened to me. I have a wife and young child at home. Wife works part time and will increase her hours while I look for something new. That won't be enough to cover all of our expenses. + + + +I have three months living expenses in a money market. I have a brokerage account with enough money to keep us afloat for three years. It also kicks off some dividends which are not all that large, with only some of them being in cash and many of the investments being re-invested. + + +Ultimately the thought of dwindling down my investments/EF is not appealing. I look forward to payday every month so I can invest/increase my net worth, and make a contribution to my daughter's college fund as well. All of that is gone. + + + +To keep it in perspective, there are far worse circumstances I could be in. But while some people post here about a job loss being "the best thing to ever happen to them" when they are close to FIRE, well that is not me right now. Theoretically I could FIRE in an extremely LCOL area. We have not chosen that route. I live in an area that is moderately expensive, although not extreme HCOL. There are too many opportunities for my daughter here to consider a move to LCOL. Not to mention the fact that I would not enjoy that lifestyle. + + +Without going into too many specifics, I will say that I have somewhat limited myself in the job market by going to what has been an extremely "cush" role. If I had stayed in a more high paced/high stress environment, my job options would be much more robust. I made these choices partially because I knew I was on a (relatively) accelerated path to not having to work forever. And also because I could feel something palpable in myself that told me I was on a path to burnout if I continued in those kinds of high stress/busy environments. So for me the FIRE pathway and the job pathway are too intertwined for me to know what came first at this point. I would not say my story is a cautionary tale per se. There is no part of me that has big regrets about the path I have taken, even though I am limited somewhat now I know I can and will find a job to my liking. It will just take a bit longer than it would have otherwise. And in the meantime I have the ability to float us along until it happens. + + +I don't have any overriding message aside from just telling my story here. No regrets in my pathway whatsoever. If my net worth were a fraction of what it is today, I would be far more uncomfortable and nervous than I am now. I am glad to have invested so heavily in my brokerage account and the timing could be worse since we are approaching the end of Q2 which means there will be some dividends coming in to soften the blow. + + + +Be cautious and deliberate when you narrow career pathways based on FIRE. That has been my approach and while it will work out just fine in the end, I can clearly see now how it could be catastrophic in the wrong set of circumstances. + +I am newly married and my wife is in school to be a hair stylist. I work full time. The rent we pay is $1040.00 every month for a 2 bed 2 bath apartment. It’s about 1300 sq feet. Our complex was bought out and is under new management. They are now advertising the same apartment model we live in for around $1600 a month. So in about 6 months that’s what we will pay. Other safe/good apartments in the area have comparable rents to what we will be paying if we stay at the current place when the lease ends. It’s INSANE. I don’t want to move into a apartment complex that isn’t safe. I don’t want her being a line there while I’m at work and have to worry about something happening. Should we just go ahead and buy a house? Cause at that point, $1600 is a mortgage payment for some pretty decent houses in the area. (I live in GA) + +I currently make around 45K a year. I have a 10K car note. 3300 in student loans 10,000 in credit card debt :/ (I know) + +My wife currently doesn’t work and has/will have around 10k in student loans. + +What should we do? Any help/advice would be appreciated. +I don't have any but curious what any of you are doing if you are faced with this problem. If you do, what are you doing? Do you offer them a lower rent for the interim? Are you a stickler for your rent? Other? + +&#x200B; + +This is not meant to be a political post just curious as to what you would do in this position. +Rates are increasing so many will want to jump in soon to lock in a better rate. Supply chain and labor shortage issues will continue to slow home building. We are 5.5 million homes short and we have millions of Millenials on the hunt for a house. Spring and Summer are going to be nuts. + +How much do you think your net worth will increase (or decrease) in one year's time? +I’m reading more and more about water running out in the southwest - especially Nevada and Arizona. With Lake Mead and Lake Powell reaching Deadpool probably within the next couple of years I’m starting to think if it would be a bad idea to pack everything up in the Midwest and move down to Nevada. + +Any comments, opinions? +Need some advice deciding between getting a 15 or 30 year residential mortgage for a rental. Interest on a 15-year is 2.8%. Interest on 30-year is 3.125%. My primary concern is the 15-year will max out my DTI. Will this make it more difficult to get conventional financing for my next property after this? (I know I can do creative financing, hard money, etc but I would prefer conventional if possible.) +What are some good methods for finding good contractors? I've asked some realtors but never got any good references. My last contractor turned sour later in our project and I unfortunately referenced him to other parties while things seemed to be going well. +See: http://www.china.org.cn/business/2021-12/04/content_77910172.htm + +I can't find any source on this other than this, no articles anywhere, last time something like this happened... about a month ago when Evergrande apparently seemed unable to pay to some specific bond owner (a press release by some German attorneys was released and everything) the news was kept under the rug for like 8hs while everything was crashing for no apparent reason. Granted, all of this was cleared up in the end and there was no default, so everything recovered. + +Am I missing something? Is this article fake? Was this already reported somewhere else but for some reason I can't find it? + +Hope auto-mod won't remove this for "low effort". +Mostly credit to u/catch_0x16 for pointing this out in the daily discussion. Kudos to him for having the balls that I didn’t have to mention about this. + +I was going to make a post regarding Max Pain last week but decided not to since everyone was so stuck on believing the long whales were behind it. Anyways what he says in his comment is quote: + +“I see a lot of confusion about max pain. For me it's quite obvious. Citadel are a Market Maker. They are selling the calls to gullible parties and making bank off the premiums. They are then using the darkpool-buy routing to manipulate the price down to keep it within max pain + +Max pain isn't the work of long whales, it's the work of Citadel Securities so that they can basically print money by selling call contracts that they know will never come ITM. They are going to keep doing this until someone changes the rules, or some huge catalyst (like Black Rock recalling all of their loaned shares) forces a buy-in.” + +Tldr; MMs like Citadel are manipulating stock price to reach Max Pain to benefit off of premiums and not have to deliver shares. + + + +This is why I’ve been skeptical of max pain since the beginning, everyones been pushing the concept that long whales are using it to bleed out the SHFs so their contracts are worthless but that honestly makes very little sense in the long run right now. IV is very low after almost a month of flat trading, it’s really a very opportunistic time for longs to drive the gamma squeeze. HOWEVER you cant just gamma squeeze off of options chains, you have to run the stock price up to compliment the options contracts and they work hand in hand going up. + +But what if youre a MM thats making bank selling all these contracts every week and YOU (citadel) controls the order flow of buys/sells of about 40-60% of the US brokers. Lets say average volume of OI options of calls+puts are anywhere around 50k total per week, and avg cost is $5 if you were to calculate all the OTM OI volume when you reach max pain, that means the sellers of the puts/call premiums roughly ran away with $25million in premium for the week! (P.s these numbers are just made up for the example here). So here we have Citadel Kenny here who can control the stock price and keep selling option premiums to make money and fund his borrowing costs on shorting the stock and wait till someone forces him to cover (aka Papa Cohen with recalls or the SEC finally doing their job). + +Need more numbers to explain why Citadel wants Max Pain? At the Height of the IV during the late feb/early march run to $350, premiums avg costs for even the $800 strikes on weeklies went for anywhere from $20-30 PER contract, you be freaking drooling if youre a options seller cause that premium is freaken insane $$. Dont get me started on the $300-400 strikes that were going for $60-80 per contract during those weeks of the run up. That meant anyone that sold calls/puts during the month of march made $$$ at “max pains” they probably ran off with $200-300MILLION in options premiums possibly weekly between the OTM options that didnt make it. + +For Example (numbers are not directly reflective of what actually is but just to show the point) : + +50000 OI contracts x 100 shares x $30 avg price per contract = $150million in premiums + +These guys dont hold their option contracts for long, they buy calls/puts, move the share price and then sell off possibly within the same day or two and profit off the volatility in price movements. + + +You apes must be fking tired right now, but bare with me a little longer: + +Need more reasons why I believe Max Pain is what the SHFs want? We all know back in Jan. Melvin was the main publicly known shorters of GME. They eventually got bailed out by Citadel Ken Griffon for $2 billion. Now another known shorter that is in on trying to put down GME and also helped bail out Melvin in Jan was Point72, whose owner Steve Cohen was the boss of Plotkin when he was working under him before starting Melvin Capital. + +“Yeah yeah we know this so what?” - okay so this Steve Cohen guy is a ruthless hedgie known to use ruthless tactics to bleed out options traders and basically control the price however he wants while making bank on selling premiums to them. +How does he do that? He creates huge sell and buy walls that drive prices up and down to counter the opposite movement, as a result the price remains FLAT. Sounds family? Big buy walls and sell walls, trading flat, max pain?? Now this Steve Cohen ( the bad cohen) is buddies with Kenny Griffon, so why not get him in on this strategy and make bank on premiums while everyone thinks youre just bleeding from the shorting costs? + +So what do we so? + +Just HODL 💎💎🙌🏻🙌🏻. +Eventually we will have a catalyst to run the price up and hit gamma squeezes. But we need the long whales to figure out how to beat the exchange and FTD manipulation or any catalysts like +1. Share recalls +2. SEC doing their job +3. DTCC margin calling those bichtes +4. Sheer volume (in the triple digits) of retail buying +5. CEO?? Papa? + +Tldr: Max Pain is probably Shorts bleeding out option holders and benefitting off selling as Citadel is a big MM. Max pain means driving IV down and keeping share price from gamma squeezing. We have the DD already, the squeeze is coming, don’t worry about Max Pain and the options chains, too complicated for Apes. Just HODL and wait for Papa Cohen to make Gamestop a 100billion dollar company 🚀🚀🚀🙌🏻🙌🏻💎💎 +If you think about it, we have very little to lose compared to them. Technically they've already lost (money & their egos). Even **"IF"** the stonk were to go to "0", most of us would only be out thousands of dollars, which we can easily make back eventually. Those guys are burning millions of dollars per day to manipulate this shit. And they've been doing this for like 2 years now. I can't imagine how bad it really must be for SHF. They will never make that money back, EVER. + +We have minimal risk in this with possibly unlimited upside. So why be worried? The price is down 30%+...so what? Down 50%+...who cares. They're down worse. Always have been and forever will be. + +I'm not selling until they're cell-ing somewhere. My money is in the Gmerica bank earning crazy interest every day that those idiots continue to dig their grave deeper. I'm zen. + +We go **BOOM** soon! +I have never received a call from my bank, but today I got one from a guy asking “If I had seen the flyer they sent me”. + +He wanted to inform me if I moved 10k over to my account I’d get 150 dollars as a bonus, 100k a 1k bonus and so on. + +This seems super odd for my bank to do given I only direct deposit a small portion of my paycheck into this checking account for paying bills. I usually use my credit Union for the rest since they are usually WAY more helpful. + +This is one of the big banks. + +Sounds like there’s a liquidity issues…. +This post lays out the steps that RC and the new GameStop team have taken in the past few months to achieve their strategic objectives. It also identifies where the company is likely going, based on some key subdomains that went live in the past few months. + +*A quick note:* there's a lot of derivative information here. If you see a link or concept that you mentioned months ago, please accept my appreciation, even if you're not mentioned. Feel free to claim recognition in the comments. + +I published another post about a week ago (linked further down), explaining the various subdomains that GameStop uses. If I did my job right, you now understand that **GameStop subdomains clearly describe the software, services, and technologies** that they use to deliver value and delight customers. + +This post builds on that understanding and expands into old and new GameStop operations. +I had to leave a lot of content out to keep this focused, but it's long anyway. + +While this post is forward-looking, it could always be wrong. ***First, never take (financial) advice from internet strangers. Second, as the old Danish aphorism goes, “It is difficult to make predictions, especially about the future.”*** Feel free to make corrections in comments. + +--- + +#TA;DR + +***Ryan Cohen has achieved for GameStop what he did for Chewy, but eight times faster.*** + +***Genba Digital is a British company that GameStop seems to be doing business with.*** + +***Combining Genba’s seamless digital videogame marketplace with non-fungible tokens (NFTs) on the blockchain and the Interplanetary File System (IPFS) for digital rights management will create a completely unique cloud-based videogame marketplace that will enable both developers and players to trade device-agnostic digital content while still supporting the original creators.*** + +***Maybe GameStop will purchase Azerion Holdings, Genba’s parent company and a major videogames and advertising company in Europe.*** + +--- + +#CHEWY VS. GAMESTOP, KEEPING SCORE + +We could measure success of the GameStop strategy if we had a measuring stick to use for comparison. Since the current strategy has Ryan Cohen as the Chairman of the Board and the chair of GameStop’s Strategic Planning & Allocation Committee, it seems fair to measure GameStop’s transformation against RC’s other great accomplishment: Chewy. + +*\[Mobile users scroll right for second column\]* + +|CHEWY Chronology|GAMESTOP Chronology| +|------|-------| +|Miami Beach 18th Annual Antique Jewelry & Watch Show, 15-17 October 2010|RC Ventures acquires 13% stake in GameStop, 17 December 2020| +|MrChewy internet domain launched 9 May 2011|GameStop & RC Ventures reach deal to appoint Ryan Cohen, Alan Attal, and Jim Grube to BOD; 11 January 2021| +|RC, Michael Day, and Alan Attal for the first couple of years|Care subdomain goes live 17 January 2021| +|Chewy.com domain established not earlier than 30 August 2012|Matt Francis becomes GME CTO; Kelli Durkin becomes SVP for Customer Care; Josh Krueger becomes VP for Fulfillment; 3 February 2021| +|Late 2012, first meeting with Larry Cheng of Volition Capital|Jim Bell steps down as CFO; 23 February 2021; reportedly RC wanted this to happen| +|Volition follow-up in mid-2013|Jenna Owens becomes COO; Neda Pacifico becomes SVP of eCommerce; Ken Suzuki becomes VP for Supply Chain Systems; 23 March 2021| +|$15MM in A-Round funding from Volition, October 2013|Elliott Wilke becomes CGO; Andrea Wolfe becomes VP for Brand Development; Tom Petersen becomes VP for Merchandising; 30 March 2021| +|400K sq ft warehouse lease in Mechanicsburg, PA, early 2014|GameStop completes 3.5 million ATM shares offering for $551,000,000 by 26 April 2021| +|Mechanicsburg warehouse effective by August 2014|GameStop pays off $216.4 million, all long-term debt, before 1 May 2021| +|Acquire 2nd warehouse in Reno, Nevada from Toys R Us|RC Tweet at Culver City, CA on 13 April 2021| +|B-Round funding in 2014 for $30MM|QA, Smoke, SFCC subdomains first appear 30 April 2021| +|C-Round funding in 2014 for $41MM|700,000 sq ft warehouse lease in York, PA; 3 May 2021| +|2015-2018, recruiting top talent via LinkedIn (including Jim Grube)|Genba, NFT, and PowerPass subdomains goes live; 17 May 2021| +|2014-2018, $200MM revenue to $3,500MM revenue|AGM; Ryan Cohen becomes COB; Matt Furlong becomes CEO; Mike Recupero becomes CFO; 9 June 2021| +|PetSmart announces $3,500MM acquisition of Chewy, April 2017|GameStop completes 5 million ATM shares offering for $1,126,000,000 by 22 June 2021| +|Cohen steps down from Chewy, March 2018|Acquire 2nd warehouse in Reno, Nevada; 530,000 sq ft; 6 July 2021| +|Chewy IPO on NYSE, 14 June 2019|IPFS NFT subdomain goes live; 20 July 2021| +||Newsletter subdomain goes live; 23 July 2021| +||EB Games Canada announced rebrand to GameStop Canada; 28 July 2021| +||SupplyChainPortal subdomain goes live 12 August 2021| + +**COMPARISONS:** + +1) **Inception** &nbsp; + +- RC decides to go into the pet business after an epiphany following a planned jewelry company that would have launched at the end of 2010, probably around the Miami Beach Antique Jewelry and Watch Show, 15-17 October 2010.&nbsp; +- RC Ventures acquires a 13% stake in GameStop on 17 December 2020.&nbsp; + +2) **Starting the business**&nbsp; + +- Mr. Chewy internet domain launched sometime on or after 9 May 2011. +- GameStop board reaches a deal to appoint RC, Alan Attal, and Jim Grube to the BOD on 11 January 2021.&nbsp; + +3) **Re-branding** + +- Chewy.com domain launches not earlier than 30 August 2012. +- EB Games Canada announces re-branding to GameStop.ca on 28 July 2021. + +4) **First-Round Funding** + +- Chewy gains first-round funding of $15 million USD from Larry Cheng with Volition Capital in October 2013. +- GameStop gains “first-round funding” of $551 million USD by completing an at-the-market (ATM) share offering by 26 April 2021. + +5) **First New Warehouse** + +- Chewy leases a 400,000 square foot fulfillment center in Mechanicsburg, Pennsylvania, in early 2014. The warehouse was effective by August 2014. +- GameStop leases a 700,000 square foot fulfillment center in York, Pennsylvania (almost next door to Mechanicsburg) on 3 May 2021. The warehouse held a hiring fair on 8 July 2021 and is operational. + +6) **Second New Warehouse** + +- Chewy opened another fulfillment center in McCarran, Nevada in 2014. This was converted from an old Toys R Us warehouse. McCarran is a suburb of greater Reno. +- GameStop announced a 530,000 square foot second fulfillment center in Reno, Nevada on 6 July 2021 + +7) **Additional Funding** + +- In 2014, Chewy gained $30 million USD from its second round of VC funding and $41 million USD from its third round of VC funding. +- GameStop gained “second round funding” of $1.126 billion USD by completing an ATM share offering by 22 June 2021. + +8) **Building the Dream Team** + +- Throughout 2015-2018, Ryan Cohen recruited top talent for Chewy by contacting people through LinkedIn and conducting after-hours interviews. +- Between January and June 2021, GameStop assembled a strong executive team from leading eCommerce companies around the world. + +Key members in the transformation include: + +- Alan Attal (the third member of Chewy and former COO, now on the GameStop BOD and Strategic Planning & Capital Allocation Committee), +- Jim Grube (brought into Chewy in 2015 as CFO and now on the GameStop BOD and Strategic Planning & Capital Allocation Committee), +- Larry Cheng (Chewy’s first angel investor, now on the GameStop BOD), +- Kelli Durkin (brought into Chewy in 2015 as VP of Customer Service, now SVP for Customer Care at GameStop); I think she’s the reason for cards at Chewy and she’s doing the same for GameStop now, +- Neda Pacifico (VP of eCommerce for Chewy, now SVP of eCommerce for GameStop), +- Andrea Wolfe (VP of Marketing at Chewy, now VP of Brand at GameStop) + +&nbsp; + +&nbsp; + +Let me break this down a bit more: + +1. Chewy went from concept to implementation in about **7 months**. The RC Ventures version of GameStop went from concept to implementation in about **2 months**.&nbsp; + +2. Chewy rebranded itself after about **15 months**. GameStop rebranded itself after about **6 months**.&nbsp; + +3. Chewy gained its first capital injection after about **29 months**. The RC GameStop gained its first capital injection in less than **4 months**. + +4. Chewy launched its first new warehouse in Pennsylvania after about **36 months**. The RC GameStop launched its first new warehouse in Pennsylvania after about **6 months**. + +5. Chewy launched its second new warehouse in Nevada after about **36 months**. The RC GameStop launched its second new warehouse in Nevada after about **6 months**. + +6. Chewy gained its second capital injection after about **36 months**. The RC GameStop gained its second capital injection after about **6 months**. + +7. Chewy began building a world-class C-suite after about **48 months**. The RC GameStop built a world-class C-suite within **5 months**. + +8. Chewy began innovating in customer care after about **48 months**. The RC GameStop began innovating in customer care within **4 months**. + +&nbsp; + +***Ryan Cohen has repeated his Chewy success within GameStop already.*** + +&nbsp; + +With an established international infrastructure, existing brand equity, and faster access to capital for leading projects, he has **reduced the time needed to achieve change to only about 6 months compared to 48 months**. He is moving 8x faster than he did the first time, using his personal ethics of extreme focus to deliver the kind of service that delights customers and retains them for life. There is still more work needed to cement the gains in supply chain management, customer care, and omni-channel ease-of-use for GameStop customers, but the big parts are already in place. Truly, this transformation is a world-class achievement. **On this alone, GameStop shares are currently undervalued, especially if you consider that the Chewy timeline ended with the largest-ever purchase of an eCommerce company for $3.5 billion USD and -- after IPO -- Chewy is valued at $34 billion USD**. Even without MOASS, that's what GameStop will look like by 2024. + +--- + +#LET’S PLAY MONOPOLY, VIDEOGAMES EDITION + +There’s a great YouTube video from a Stanford lecture series on creating a startup. Peter Thiel, PayPal and Palantir founder, [presents a compelling explanation](https://www.youtube.com/watch?v=-oKjLVECMKA) for why “Competition is for Losers.” His point is that a strong company creates value in a unique way – a way that no competitor can replicate. A good company creates a “monopoly” in its industry. + +In its 10-K form, filed at the end of the fiscal year, GameStop [identifies the companies that It believes are its competitors](https://www.sec.gov/Archives/edgar/data/0001326380/000132638021000032/gme-20210130.htm): + +- Wal-Mart, Target, Best Buy, and Amazon in the U.S. +- Sony Microsoft, Nintendo, Media Markt, Saturn, FNAC, Carrefour, Auchan, and Amazon in Europe +- Wal-Mart and Best Buy in Canada +- JB HiFi, Big W, and Target in Australia + +Looking at this list, I don’t see genuine competition. Many of these companies are “we sell everything” companies; videogame sales are a small part of their overall revenue stream. Videogame and console makers – Sony, Microsoft, and Nintendo – might sell their own products directly, but they mostly rely on other companies (like GameStop) for sales and distribution. In the U.S., Best Buy is the closest apples-to-apples competitor, because it’s a brick-and-mortar retailer that focuses on electronics and media sales. But even then, videogames are simply not a large enough part of Best Buy’s overall revenue compared to GameStop. + +GameStop is a “monopoly” in its market. It is the only major global retailer in its markets that delivers value to customers with a singular focus on videogames and gaming culture. + +And GameStop is an important part of the videogames industry. **Reggie Fils-Aim&#233;** (former President and COO of Nintendo of America) is a somewhat active Twitter user. But when he sat on the GameStop board, he **sent only one tweet related to GameStop**: + +>**The gaming industry needs a healthy and vibrant \@GameStop**. I look forward to being a part of \@GameStopCorp Board and helping to make this happen. https://t.co/pYWFGZ9XKj + +&nbsp; + +***GameStop is a critical part of the videogame industry’s ability to identify potential customers, gather information about trends and preferences, and distribute games and consoles to users worldwide.*** + +--- + +#EVEN IF I DIDN’T FINISH THE GAME, I LEARNED A LOT ALONG THE WAY + +GameStop has acquired a variety of skills throughout its lifetime. These were failed projects, but they gave GameStop insights into key aspects of the market. Since GameStop is less than 20 years old as a corporation (I’m not including Babbage’s or EB Games prior to the GameStop incorporation in 2002), the company still retains institutional memory from these earlier ventures. + +- **Kongregate**: GameStop acquired indie game developer Kongregate in 2010. The site hosted a variety of web-based games. It also had a software development kit to help indie developers build games for mobile devices and Steam. GameStop sold Kongregate to Swedish company Modern Times Group in 2017. I will never understand why Reddit forums filled with apes never jumped on the opportunity to have a tagline like, “A Place for GameStop Apes to Kongregate.” Also, this company’s logo features ants. Shoutout to our Korean brethren. +- **Jolt Online Gaming**: GameStop acquired Jolt in 2009. This was another web site that delivered web-based games. It also included game reviews and interviews. The site closed in 2012. +- **Impulse**: This was basically a Steam clone that GameStop acquired in 2011. Customers could purchase, download, and play games from an online digital marketplace. The program was discontinued in 2014, and unfortunately customers no longer have access to any games they purchased on the service. Strangely, GameStop has maintained the “Impulse Store” subdomain and it’s still current. +- **Spawn Labs**: GameStop acquired Spawn Labs and its [patent](https://patents.google.com/patent/US8998719B1/en) [portfolio](https://patents.google.com/patent/US9675877B2/en) in 2011 also. Spawn Labs provided technology to stream video games from the cloud to any front-end console or computer. Here’s a [good demo with bad production quality](https://www.youtube.com/watch?v=M86CLcPiK28). +- **GS Mobile**: GameStop incorporated mobile phone sales into some of its U.S. stores, beginning in May 2012. They partnered with AT&T as the mobile carrier for service. The GameStop mobile phone carrier was branded as Spring Mobile, and it was the single largest AT&T wireless reseller at the time. This part of GameStop was sold off in 2020 so the company could refocus on gaming and gaming culture. + +&nbsp; + +From all of these past failures, here are the skills that may still be resident within the collective consciousness of GameStop: + +- **Web-based gaming** +- **Mobile gaming** +- **Indie game development and distribution** +- **Mobile networks and telephony** +- **Device-agnostic streaming video games** +- **Digital gaming marketplace** + +&nbsp; + +There’s are two other key features that GameStop brings to the videogames industry. GameInformer magazine and PowerUp Rewards. + +**GameInformer**, with over 10 million subscribers, is the fifth largest magazine circulation in the United States and (adding other countries) the **fourth largest magazine circulation in the world**. + +**PowerUp Rewards**, GameStop’s in-store discount purchasing program, has **over 60 million members**. + +&nbsp; + +There’s a great [Freakonomics podcast interview with Jeff Immelt](https://freakonomics.com/podcast/jeff-immelt/), the former CEO of General Electric. Immelt watched GE decline in value from the most profitable company in the world to a current valuation that’s only one quarter what it had when he took over as CEO in 2001. In the interview, Immelt identifies what – for him – is the key driver of success for large companies in today’s markets: + +>If you think about the conglomerates of today — I’m talking about Amazon and Alphabet — they have a technical foundation. I would say G.E. had, at least in the beginning of my career, our foundation was management practices. It’s not that that’s unimportant. But that wasn’t enduring, really. And I think when you look at Amazon, they are a dominant software company. And in some way, shape, or form, everything they do feeds off that. Google was a dominant A.I. company. Everything they do feeds off that, right? So I think if you want to be a conglomerate today, a technical foundation is a must. + +GameStop is the sole “information technology” company for the videogames industry. + +https://www.forbes.com/sites/paularosenblum/2015/09/14/gamestop-uses-data-and-customer-experience-to-survive-and-thrive-in-stores-and-online/ + +If you don’t already know, large companies generate a lot of revenue by collecting and selling information about your web surfing habits, purchasing habits, and overall demographic information. This is the Information Technology that Jeff Immelt was talking about that makes Amazon and Alphabet such large companies today. From Alexa and OK Google to your web searches to your subscription deliveries, [modern companies benefit from the knowledge they have that other companies want](https://www.pcmag.com/news/how-companies-turn-your-data-into-money). + +> More identifying information can simply be purchased. "Facebook is taking offline credit card data and mixing it with their site," Weinberg said, to illustrate the lack of transparency he sees in the data market. "You wouldn't expect that. The bigger the data profile . . . the better you can be targeted. They have incentives to buy and combine extra data." After our interview, it came to light that Google had penned a secret deal with MasterCard for data on offline spending habits. + +Now, this article was written for an American audience. Europoors at least benefit from some protection under GDPR. + +If you’re offended that your personal information is being harvested, I feel like I’ve just awakened you from the Matrix. This is how all large companies build profiles to develop more popular products, deliver more appealing marketing, and identify more affluent customers. In fact, [Target can tell you when your teenage daughter accidentally became pregnant](https://www.forbes.com/sites/kashmirhill/2012/02/16/how-target-figured-out-a-teen-girl-was-pregnant-before-her-father-did/ +). + +Back in fall 2020, u/DeepFuckingValue noted the potential for a GameStop renovation to improve advertising revenue along with a move towards an “omni-channel” marketplace. This was always part of the GameStop transformation. Here’s a single example of his fundamentals-based thesis. + +https://twitter.com/TheRoaringKitty/status/1325573568822915077 + +GameStop uses the company [Moveable Ink](https://movableink.com/product) to deliver a web site experience that is completely unique for each person who visits GameStop’s web sites. + +The whole reason for turning GameStop stores into Pokemon Go gyms was so that GameStop could acquire mobile phone identifiers, correlated with Google accounts and Pokemon Go playing statistics, correlated with a customer’s GameStop purchase history, correlated with demographic and spending details that were purchased online for pennies on the dollar. GameStop can use its cloud-based Tableau instance to provide rapid data visualization to infer key trends in customer preferences. They will sell this information to Sony, Nintendo, and Microsoft (and perhaps the big game companies like Blizzard-Activision, Sega, or Epic) to create a templated profile for what a top-selling future game might look like. Simultaneously, GameStop can use each Pokemon Go gym visit as a proxy for how many customers are visiting its brick-and-mortar operations. This helps to show that GameStop’s retail storefronts are far from dead (as the Wall Street propagandists would have you believe). + +&nbsp; + +Okay, putting it all together: + +***GameStop is transitioning from a brick-and-mortar focus towards a digital-first information technology company. It has a variety of skills stored within its institutional memory, including web games, mobile phones, mobile apps, streaming gaming, and digital-download videogame distribution. It has a proprietary database of over 60 million gamers that it combines with other demographic data to create the most valuable database of gamers in the world. This gamer database, along with GameStop’s worldwide supply chain, makes it so indispensable that “The gaming industry needs a healthy and vibrant GameStop.”*** + +&nbsp; + +But what if I told you that it’s going to get even better? + +--- + +#NOW, FOR THE MOON SHOT + +In my last post, I mentioned a company called **Genba Digital**. I think they are directly connected to GameStop’s NFT infrastructure. + +- ```nft.gamestop.com``` goes live 17 May 2021 +- ```genba.gamestop.com``` was updated 17 May 2021 +- ```powerpass.gamestop.com``` was updated 17 May 2021 +- ```ipfs.nft.gamestop.com``` goes live 20 July 2021 +- Ethereum’s London Hard Fork happened 4 August 2021 + +#####FIRST, NFT + +In the post below, u/schismsaints lays out a great list of possible business uses for NFTs on the Ethereum blockchain. + +https://www.reddit.com/r/Superstonk/comments/of20ou/a_deep_dive_into_nftgamestopcom/ + +>Possible Business Uses +> +>- In-store currency - GME Coin can be used as an in-store currency/reward system +>- Crypto swap/exchange - Partner with an established cryptocurrency company to facilitate listing and conversion/exchange between stablecoins such as USDC or miscellaneous established coins or altcoins, and GME specific tokens. Use a GME app to manage a crypto wallet and exchange between various tokens/coins/currencies. +>- NFT Collectibles - i.e. CryptoKitties, Gods Unchained, etc. Facilitate in-person trading (either in-store or via app to app trading) of digital items and collectibles between platforms. +>- Digital game licensing - revolutionize DRM by hosting a record of your game license on the blockchain +>- In-game item transfer/entitlement - Imagine if there was a way to trade/sell your CounterStrike skins in-person for cash, or exchange a cool knife skin for a new CryptoKitty + +#####SECOND, IPFS + +In the post below, u/hooper359 explains how IPFS works with the ERC-721 NFTs on the Ethereum blockchain. From all I've seen, u/hooper359 was the first to identify the new IPFS subdomain for GameStop. + +https://www.reddit.com/user/hooper359/comments/osr91k/new_ipfs_subdomain_possibly_for_a_digital_games/ + +There’s also a web site that provides details about what the Interplanetary File System (IPFS) is, how it works, and how to integrate it into existing blockchain systems. + +https://docs.ipfs.io/ + +The key [features or proposed uses cases of IPFS](https://docs.ipfs.io/concepts/usage-ideas-examples/) that are relevant to this conversation are: + + +- Proof of Ownership +- Blockchain-powered online commerce +- Distributed package managers (DPM) and content delivery networks (CDN) +- Version control +- Selling digital files +- Serverless online gaming + +#####THIRD, GENBA + +Now, let’s take a look at Genba. + +My last post was a look at GameStop subdomains. + +https://www.reddit.com/r/Superstonk/comments/p2rnqn/a_review_of_gamestop_subdomains/ + +That post was set up to preface this post by highlighting one key feature of GameStop’s subdomains. + +**GameStop subdomains describe the branded services or products that GameStop uses in its network infrastructure.** + +GameStop has a subdomain ```genba.gamestop.com```. It first appeared in early 2020, but it was **last refreshed on 17 May 2021 at the same time the NFT subdomain appeared**. + +&nbsp; + +***The name Genba is fairly unique.*** + +&nbsp; + +If you’re familiar with “Lean” concepts in manufacturing and supply chain management, *Gemba* is a fairly well-known term. It roughly translates to the old business cliché of “Management By Walking Around” (MBWA). It requires leaders in organizations to actually “go and see for themselves” what’s happening in the operations center, warehouses, or retail front lines of the company. + +But the Lean version of *Gemba* is always spelled with the letter “**M**” like in G**M**E, almost never spelled with an “**N**” like in **N**aked Shorts. **[Here’s a blog post](http://artoflean.com/index.php/2016/03/25/is-it-genba-or-gemba/) by a Lean expert explaining the difference in spelling**. + +If you search for the **Genba-with-an-N** spelling, only two companies come up. + +One is a Lean consultancy in Washington state. It was incorporated in Delaware, but it doesn’t use the same registered agent that GameStop uses. Also, what does walking around the operations center have to do with videogames? + +***The second company is Genba Digital.*** + +Genba Digital is a startup in Leamington Spa, outside of Birmingham, England. They have offices in London, England; Eindhoven, Netherlands; and Los Angeles, California. They started in 2015 with investment from UK and EU venture-capital firms. + +https://genbadigital.com/ + +https://pitchbook.com/profiles/company/158919-13 + +Here’s how they describe themselves: + +>Developer of a cloud-based digital logistics platform designed to bridge the gap between publishers and resellers in the gaming industry on a global basis. The company's platform is API driven and fully-automated that eliminates the operational and technical logistics involved with publishing and selling digital content, enabling game publishers to avail automatic, secure delivery of activation keys, official publisher metadata and videos in multiple languages. + +Genba Digital lists over 200 partnerships on its web site, including: + +- Amazon +- Ubisoft +- Disney +- Square Enix +- Epic Games +- Konami +- 2K +- Sega +- Capcom +- Take 2 Interactive +- Paradox Interactive +- Hello Games +- Gamesplanet +- Games Republic +- 505 Games +- Codemasters +- Curve Digital +- Team 17 +- Hello Games +- Voidu + +Sony [created Genba back in 2013](https://www.prnewswire.com/news-releases/sony-dadc-launches-genba-digital-games-supply-chain--distribution-services-210543551.html). Their DADC (Digital Audio Disc Corporation) New Media Solutions division [hired Kwiboo to develop the initial concept](https://www.kwiboo.com/case-studies/genba-web_platform/). In their site, they call Genba “***the world’s first digital supply chain management platform for the games industry. Linking games publishers with game eTailers, on a global scale, to drive efficiencies in relationship management, content distribution and consistent pricing.***” + +On 18 May 2021 Genba Digital was acquired by Azerion Holdings. **This is exactly one day after GameStop launched its NFT domain and refreshed its Genba domain**. [According to the UK’s Companies House website](https://find-and-update.company-information.service.gov.uk/company/09491005/filing-history), Erol Erturk and Umut Akpinar were appointed as directors of the company. Umut Akpinar is the [Founder and CEO of Azerion](https://www.linkedin.com/in/umutakpinar/), a videogames company based out of Amsterdam, Netherlands. Erol Erturk is the [Executive Vice President of Content and Strategic Partnerships](https://www.pocketgamer.biz/news/72583/azerion-fully-acquires-spil-games/) for Azerion. + +https://azerion-investors.com/reports/ + +https://azerion.com/companies + +I don’t want to get lost explaining Azerion, but there’s one last possibility I want to touch on. Azerion is a relatively large European gaming and advertising company. Their gross profit in 2020 was €70 million EUR. ***If GameStop wanted to acquire Azerion, the company is not too large to be reasonably purchased for a price within the available cash GameStop is holding***. This would also be a way to re-enter the northern European markets after closing stores in 2020. + +With the Genba subdomain, it’s clear that GameStop has a relationship with Genba Digital, but it’s not clear whether this is a business partnership or a pending acquisition. There's not enough info to clarify, so let’s just keep looking at the potential that Genba Digital brings to GameStop. + +**Genba Digital’s platform helps to solve some of the major problems with videogame distribution globally.** + +One challenge that games developers face is [grey market key reselling](https://advanced-television.com/2019/12/04/genba-digital-continues-to-evolve-the-way-video-games-are-sold-online/). Users who are finished playing a game resell their game keys online, cutting out the company’s profits for digital distribution. Genba Digital [partnered with Ubisoft in May 2019](https://www.pcgamer.com/ubisoft-is-trying-to-wipe-out-key-reselling-with-silent-key-activation/) to implement a process they called “Silent Key Activation,” or SKA. The Genba Digital platform provides the digital license keys silently to the user’s platform, so the user never sees the actual license key and can’t resell it on the grey market. + +This is less of an issue in the United States or Europe, where users are playing on their personal devices – consoles, mobile phone, desktop gaming rigs. But in Asia, and especially China, most players access their favorite titles through cyber cafes. In this case, the software developer sells a license to a user based on an account login. This makes grey-market key reselling a bigger issue for these companies to capture revenue. + +One last speculation about *Genba*. Remember when RC [tweeted his visit](https://mobile.twitter.com/ryancohen/status/1381829698263654401) to the GameStop in Culver City, California? Back then, there was a lot of speculation that GameStop might merge with Super League Gaming (SLGG) because they’re based out of Los Angeles. If you notice the Genba description above, they also have offices in Los Angeles. The tweet was on 13 April, just a little over one month before the NFT and Genba domains launched and Azerion acquired Genba Digital. I know I’m speculating, but I wonder whether Azerion is secretly buying up gaming companies on behalf of GameStop, like that [scene at the end of Batman Begins](https://www.youtube.com/watch?v=Vw4KaI6dpBo) when Dr. Michael Burry pulls a fast one on Roy Batty and buys Wayne Enterprises without anyone knowing. + +--- + +#POWERS COMBINED + +Let’s bring all of these parts together, to make the big picture clear. + +- GameStop creates an **NFT** framework to identify ownership. +- GameStop uses **IPFS** technology to identify unique ownership of videogame licenses, downloadable content, in-game items, in-game currency, and digital collectibles related to gaming and pop culture. +- GameStop uses the **Genba** platform to create a seamless transactional marketplace for all customers. +- Customers can move personal transactions back into the White Market, conducting secondary sales through GameStop’s NFT-driven digital marketplace. +- Original developers receive transactional royalties in perpetuity from all trades related to their intellectual property; GameStop receives a fractional percent of all revenue generated in its marketplace. +- Fans and independent artists create specialty characters, costumes, and items that can be sold in a secondary marketplace, like Etsy for videogames. +- Software developers can create limited-edition videogames with inherent value based on rarity, similar to how [Wu Tang Clan created a single copy of its “Once In Shaolin” album](https://www.bloomberg.com/features/2015-martin-shkreli-wu-tang-clan-album/). +- GameStop creates a secondary digital market for “used” digital games and collectibles, exactly how it has done with physical game media and collectibles in its brick-and-mortar stores. +- Every transaction will be written publicly to the blockchain. But each account will remain anonymously hidden as a hexadecimal hash code. But **by linking the blockchain accounts to GameStop PowerUp Rewards accounts or PowerPass accounts, GameStop will have a monopoly on the true identities of its marketplace users**. This will give GameStop a unique advantage in providing customer data to software developers around the world. + +It might be better though if [GameStop’s Principal Engineer explains how this will work](https://www.linkedin.com/pulse/magic-gathering-multiverse-metaverse-jordan-holberg/). + +&nbsp; + +***GameStop is about to completely change the videogame industry.*** + +--- + +#THE FINAL BOSS + +One of the great challenges of cryptocurrency adoption is that it can take forever to make a transaction. Once you agree with another person to give away your cryptocurrency in exchange for some material object or service, the network still has to validate that you have the currency available and that the exchange properly moved that currency to the correct recipient. This can take several minutes or several hours, depending on the condition of the network at the time. + +In contrast, you can flash your mobile phone at a near-field communication (NFC) receiver and buy your Starbucks coffee in seconds. Even if you use your chip-and-pin card to make a purchase, the whole transaction takes less than a minute. EVERY. SINGLE. TIME. + +This is because companies like Visa have built a very large infrastructure to make sure that money moves quickly throughout the world. The speed of the network is measured in “transactions per second” (TPS). **Visa, with a 20,000 TPS network speed, is the Goliath against which cryptocurrency developers compare themselves**. (People argue about what the true TPS is for Visa, I’m ready for the comments…) + +There is an equivalently monolithic goliath for digital videogame transactions. + +&nbsp; + +**It’s Steam.** + +&nbsp; + +When GameStop was trying to deliver games digitally with its Impulse service at 10% of the U.S. market, Steam was crushing GameStop with 70% of the U.S. market. Steam is the largest and most popular digital game distribution platform worldwide, with over 30,000 titles available for download. Nearly half of all software developers sell their games on Steam. + +But developers don’t want to sell on Steam, or Apple’s App Store, or Google Play. These companies take a 30% haircut on every single transaction in their markets. This is why Epic Games took Apple to the U.S. Supreme Court. + +***Building a cohesive and seamless videogame market that can compete with Steam is the true final boss that GameStop must face***. But to achieve success while also giving *Power to the Players*, *Power to the Creators*, and *Power to the Collectors*, without gouging developers with a 30% cut on every transaction – that will be what truly makes GameStop into the clear market dominator. + +--- + +#TA;DR + +***Ryan Cohen has achieved for GameStop what he did for Chewy, but eight times faster.*** + +***Genba Digital is a British company that GameStop seems to be doing business with.*** + +***Combining Genba’s seamless digital videogame marketplace with non-fungible tokens (NFTs) on the blockchain and the Interplanetary File System (IPFS) for digital rights management will create a completely unique cloud-based videogame marketplace that will enable both developers and players to trade device-agnostic digital content while still supporting the original creators.*** + +***Maybe GameStop will purchase Azerion Holdings, Genba’s parent company and a major videogames and advertising company in Europe.*** + +&nbsp; + +Thanks for playing along with me as I entertained this speculative fan-fiction. + +&nbsp; + +-PMNK +Kind of at a loss for words. I worked so many hours during the holiday month only for next week to only be working 4. I literally cannot survive or make rent so I have no idea what to do. We're (roommate and i) are running out of food. I don't / can't drive. We're going to be homeless if neither of us are getting hours and if I don't vocalize it I'm going to lose it. I guess that was Christmas gift. Homeless-ness. + +Advice is welcome. I'm just ranting while I'm able to still keep my phone on. +I am a software engineer, and I have some idea about how to scale things and the limitations of algorithms. I also try to inform myself and hear both sides. But it's becoming increasingly difficult with all the hate-posts. It's like the Democrats and the Republicans all over again. + +In the final analysis, I keep coming back to this simple question. **Does it really make any sense, from any point of view (practical, technical, ideological, anything) for my daily coffee purchase to be replicated to thousands of nodes and then recorded for-stinkin'-ever?** + +No. Again, no. I can't think of any good reason it HAS to be this way. And I can think of plenty of reasons (scalability, privacy, practicality) why this should NOT be. + +I'd love to use Bitcoin for these everyday purchases though. + +So this leaves me agreeing that *we need off-chain extensions or layers on Bitcoin,* such as the Lightning Network. Solutions that eventually do settle on the blockchain, while conveniently forgetting the minor details that I didn't want to share with the world anyway. Done right, these could even let me pay in pennies or fractions of a penny for web content, etc. + +But of course, *I also see the need for increasing raw throughput.* If Bitcoin scales to billions of users, we'll need much larger blocks even just to settle on the blockchain once a month! It's simple math. + +So why can't we have both? And why can't we work on both at the same time? + +Because... politics. And personal issues. And the hardening of positions on both sides, digging their heels in and refusing, ridiculing or even ripping out the other side's solutions just out of pure spite. All while somehow managing to convince ourselves with "reasons" that show how right we are and how wrong... no, EEEEVIL, the other side is. + +Calm down, stop the FUD and the conspiracy theories, and realize most people just want Bitcoin to succeed. + +**TL;DR 1. Recording coffee purchases on the block-chain makes no sense. +2. We need off-chain scaling and on-chain scaling. 3. Our stupid politics is hurting Bitcoin because we're separating the two necessary parts of the overall solution.** + +EDIT: My biggest mistake above was to imply that such transactions should NOT be on the chain (as in, should be forced off the chain). It was not my intention to communicate that, but when I read it again, I see this would be easy to understand as the message. What I really meant is that I have many reasons I would not want *my* coffee transactions on the chain and/or why it is not generally practical. + +Ultimately I want more choice: I want the choice to make transactions off-chain but backed up by the chain; and I don't want to remove anyone's choice to transact on-chain if they so desire. +I made two posts regarding this in the Bitcoin subreddit. + +First post was downvoted. +The second post removed. + +In the Bitcoin community Kasier is seen as a hero to some. + +But in reality he is a hideous human being who is a Putin sympathiser. + +He appears on Russian propaganda mouthpiece RT and spews anti-western views whilst calling Vladimir Putin "A great statesman" and "The only adult in the room" + +In a recent video he said that the American intelligence that Russia would invade Ukraine was all a Hoax. + +I urge everyone in the cryptocurrency community who are upset and appalled at the unprovoked Russian attack on innocent civilians in the Ukraine to boycott Max Keiser. + +And I urge prominent figures in the cryptocurrency community to refuse to share a stage with this disgusting human being or have him on your YouTube videos and podcasts. + +He is not the type of person anyone should look up to or want in our community. + + +https://youtu.be/gPOYQ5fzmAM +I’ve been a stock market guy for years. Like most people it’s what I was taught and it’s what I knew. Invest in stocks and some day you might be able to retire. + +That all completely changed this past year when most of the world was inevitably stuck at home. Now I had heard about Bitcoin but I never really read into it or really even gave it that much thought. + +Living alone I had a whole lot of time on my hands and to pass that time I like to get high sometimes. Well one night I decided to toke up and found myself reading some article on cryptocurrency, the technology and uses surrounding it. + +At the time I wasn’t sure if it was the weed making me think this was the coolest thing ever or if the technology actual was this incredible. + +Woke up the next day and started reading more and more. Turns out it’s pretty damn incredible. It’s been a few months now and I’m still learning more every day. + +To be able to invest in something like this at what looks like it’s beginning stages, something that can truly change the world, I’m in. I’m all in. + +I’ll leave my stock portfolios as they are but any money going forward will be invested in projects I like long term. + +My goal is to retire by the age of 40, that gives me 9 years to make it happen. + +This is all because I decided to smoke one night and stumbled upon a great article. Thanks weed!! + +TLDR: Crypto and weed are tight. +And, MarketWatch just called out that the squeeze just began. This is huge guys, the stock just broke through $185.00, and we are literally off the the races to several thousand dollars per share. DO NOT miss this life changing opportunity. + +TLDR; Hold the stock as if your future depends on it. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[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 your 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Okay so first off, I'm from Estonia. + +In Estonia we have a law that doesn't allow people under 18 to legally work part-time nor full-time without their parents permission. + +I am 17, turning 18 in February and my parents won't sign the paper saying that i can work. +They've also taken away all my money (somehow it's legal because it's in a shared account?) and they won't give me any before i go home. + +Now I don't want to go home for personal reasons, so i live at the school dorm which my parents were forced to pay for thanks to a contract made with CPS. The contract has now ended. + +The contract stated that they have to give me x amount of money every week for food etc. and pay for my dorm, since the contract ended last month they've decided to not give me any money anymore nor pay for dorm. + +So they won't give me money nor let me earn my own money (because i have to go to school (their words not mine) ). + +Now I don't know what to do since the CPS is also on their side because I'm not doing well in school and i keep running away from my parents. + +I also cannot forge my parents signature for the permission slip because it has to be a digital signature. + +I don't even know what to do anymore, help me please. + + +Edit: personal reasons = abuse +So Webull dropped the news AH that $SENS was awarded its patent for its diabetes monitoring device! + +*Seeing $SENS is one of the most shorted stocks in the market right now (according to market watch), the price is going to go through the roof with a crazy short squeeze!* + +Price closed at $2.89, and 3/19 call options are literally almost free. Like the $3.5 call last sold for $.03 and the $5.5 call last sold for $.01!!! I gobbled up over 40 calls right before closing because I couldn’t help myself. And now with this squeeze about to happen, I feel like this is like a once in a lifetime opportunity to just make bank!! + +Per usual. I’m just a random stranger and definitely not a financial advisor, so do with this as you may 😇 + + +(To read the patent announcement article- Go on Webull. Search SENS. Click on “news”. ) +They stole my fucking catalytic converter (Gen 2 prius). February was finally going to be the month that we got a little bit of financial padding after a year of begging from Peter to pay Paul and working my fingers to the bone. We had some petty theft recently and I told my SO we needed to get a shield because that would be next and we just couldn't afford it. We couldn't afford protection, so now we have to pay 10x as much to fix it. I just hate this so much. I hate always being behind. I hate that every time I'm close to catching a break, something knocks me down a peg. Last year it was my SO being on deaths door needing me to take a month off work. The year before it was the hybrid battery in the car. This car cost me $4k almost 5 years ago, and now I get to spend half that amount because some piece of shit can't conceive of a better way to support themselves than taking from people who already don't have enough. + +I'm so over it. I'm so done with knowing all the smart moves and being able to make none of them. Fuck this failing shitty country that's pushed people this far and our worthless systems that can't help make people right in anyway. Nothing cops can do. Nothing car or renters insurance will pay. Just a big ol fuck you to me for existing. +From my experience, and my experience only. + +&#x200B; + +Applying my strategy exactly every day/ every time that i trade is pretty much boring. + +&#x200B; + +Don't get me wrong, I love trading(especially when I'm right lol) but being bored waiting for a signal in front of my charts is just....Well boring ! + +So the question I have, is how long this can be sustainable ? I do have the discipline to prevent me from making dumbs decisions because I'm bored but is it going to be that boring for a while? + +Also, does this means I'm not made for this ? To be a trader ? +When selling a CC, should i consider timing when selling. Like selling on an up day? I always sell above my basis so its kind of like bailing out the Titanic with a shot glass. I generally 20-35 day expirations. Open to suggestions. +Hi guys, I've put 5K into a separate broking account to learn the Wheel strategy. + +As a newbie to selling options, you advise suggestions on stocks and any comments are welcome. +So I'm trying to find stocks to sell covered calls on. Something I can hold on to for a long long time and just roll some covered calls. Was going to do this on AVPT but them WSB got a hold of it.... + +F was just at 7 not too long ago. Little worried it's going to return + +T makes me unhappy on a personal level. + +Premiums on GOLD are garbage. + +Can I get a few folks to humble brag at me? +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. +Just wanted some input on this investment strategy. I have a small account of 6,000 for trading and I want to use 1k to do monthly PCS on Tesla starting with 800/790 strikes. This will net around 200 bucks for 1000 in collateral. I understand the risks of strike being blown through but I think it’s unlikely as that’s a strong level of support. It just seems too good to be true making a essentially a 20% ROI in a month. Am I missing something besides the stated risks involved? I just don’t wanna make a dumb move +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. +Hey everyone, been a while since I have used theta strats consistently and trying to get back in to it. For the past month or so I have been selling very out of the money TSLA puts and collecting $500 in premium every week. The broker account I am using only has $30k in it for now but I have another 400-500k sitting in other accounts I could transfer over. I wanted to see if anyone else is doing the same? My goal is if I am sucessful the next 3-4 months, I will transfer over more money to hopefully generate 2-3k a month in premiums. I think TSLA would be a good wheel stock. + +EDIT: sorry, I meant I have been selling roughly 2 week out puts, not weeklies. +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. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +So if you have a cash back credit card and put all your expenses on it and pay it off every month... Isn't this free money? Am I just late to the party on this? Is everyone already doing this? Would there be any downside to this? +Well, no they did or they did not, but no one would come to know about it. That is the beauty of the Monero blockchain - it is truly private. They may have bought, they may have sold it all, but there is no way anyone call tell what they did with their own funds. + +In an age where big governments and corporations exceedingly look to infringe upon people's privacy, and where most aspects of financial privacy are already non-existent for a lot of people, Monero is one of the few technologies that puts power back in people's hands and enables them to secure their financial privacy. + +Monero has a private blockchain, that means no one can look into the blockchain to see which address is spending how much. For example, [this](https://localmonero.co/blocks/tx/568c987851d9043eb905e68d6e9c7c4759f8cf1badba280a4608aab9c75f27e6) is a Monero transaction in the latest block. Just looking at the transaction, no one can see how much is being transacted, and who is transacting them. + +Even if you know someone's Monero address, you cant see how much they have sent or received. Only the address owner has a special view key that enables them to access the account and see how much funds they have received and their transaction history. +I'm losing money on crypto right now. I didn't invest more than I could afford to lose, so I'm not really panicking. I saw crypto as a fun little experiment to toss in some money and see what would happen. Honestly, I only invested in coins that I believe have real merit to them, so I'm not at all worried about the long term. I just think it's fascinating to watch this market as it rises and (mostly) falls. I think despite all of this, 2018 will be a great year for crypto overall. I was debating buying more today, since it seems we're approaching a bottom of all this (fingers crossed), but I think I'm just gonna sit back and watch instead. + +Anyone else feel like you're watching out of interest and not panic as well? It's disappointing to see all these stories about people taking out loans for crypto and losing a lot of money, but it's hard to relate to that sentiment when I know so little about the kinds of people that get caught in these situations. So many factors in life can push someone to take such a large risk like that, I would hope most of us are doing our research and proceeding with extreme care before making investments like these. +I'm losing money on crypto right now. I didn't invest more than I could afford to lose, so I'm not really panicking. I saw crypto as a fun little experiment to toss in some money and see what would happen. Honestly, I only invested in coins that I believe have real merit to them, so I'm not at all worried about the long term. I just think it's fascinating to watch this market as it rises and (mostly) falls. I think despite all of this, 2018 will be a great year for crypto overall. I was debating buying more today, since it seems we're approaching a bottom of all this (fingers crossed), but I think I'm just gonna sit back and watch instead. + +Anyone else feel like you're watching out of interest and not panic as well? It's disappointing to see all these stories about people taking out loans for crypto and losing a lot of money, but it's hard to relate to that sentiment when I know so little about the kinds of people that get caught in these situations. So many factors in life can push someone to take such a large risk like that, I would hope most of us are doing our research and proceeding with extreme care before making investments like these. +Pretty straightforward, is there anything in particular I should watch out for that I don't want to get sucked into? My budget is pretty wide open and my financial situation is pretty stable, at least for the next 2-3 years. + +I already visited volkswagen and they seemed fairly keen on selling me one particular 2011 Jetta that had recently been traded in. Their big selling points were that it had only had one previous owner, and he was an old guy that only traded it in because he wanted a 2013. They acted like this was absolutely the best "bang for my buck" and that it has likely been treated the best compared to cars that have been leased, etc. Do I trust them? They aren't allowed to withhold information are they? For example, the car has transmission issues or something. + + +edit:Thank you everyone. +Yesterday, I received the news that my flight from Gatwick to Taipei (via Shanghai) was being cancelled and with it we would have to cancel everything on our trip. + +We booked with China Eastern through Expedia who have refunded the full amount to my credit card, We then went through all the hotels that we booked and got refunds. There’s only one now that we are chasing up. + +However, part of our trip was to take place in Japan, so we booked flights from Taipei to Kansai with AirAsia. I’ve explained to them that we can’t make it/won’t be in Taipei for the flight as the first leg of our trip was cancelled due to the virus. They say, that because flights between Taiwan and Japan are still going that they have no intent to give us a refund. + +I have contacted my insurance company who were very little help. They said that because I hadn’t bought the “flight disruption add on” I’m not covered. This is baffling to me! + +We don’t know what to do now. I don’t know whether it is worth contacting my boyfriend’s credit card company as he purchased the tickets to Kansai on his credit card, to see if they can do anything. + +Any idea would be greatly appreciated - I have no idea if there is anything I’ve not thought of. +so let me summarise, + +mike hearn is a developer that has been pushing for blacklists, +censorship, supporting regulation .etc he is a crony in the worst way. + +peter todd is the developer who has done loads for bitcoin. the anonymity +techniques in dark wallet were invented by him. he works for the people. + +mike hearn wants to censor peter todd. + +https://bitcointalk.org/index.php?topic=418071.msg6412027#msg6412027 + +circle is a new company that is always promoted by the foundation and +their crew of people. they always appear at the top of conference lists +for finance .etc + +http://bitcoin2014.com/ +http://www.bitfin.com/ + +jeremy allaire (circle ceo), makes statements that bitcoin needs to +abandon its libertarian roots. we need to take this plaything away from +the anarchists kind of attitude. + +http://www.coindesk.com/bitcoin-abandons-anti-establishment-wall-street/ + +mike hearn is working with circle: + +http://www.coindesk.com/circle-advisory-board-members-burns-appointment/ + +circle is working on tracking and surveillance tech: + +https://bitcointalk.org/index.php?topic=418071.msg6403720#msg6403720 + +they refuse to answer questions (this is one of many, can't find the rest): + +http://www.reddit.com/r/Bitcoin/comments/25ou9f/good_morning_reddit_we_know_youve_been_wondering/ + +mike hearn says the bitcoin dev model needs to change. backing up gavin +(chief scientist of bitcoin foundation who is actually more like a +figurehead to legitimise the foundation)... this is his way of pushing out +elements by formalising the dev process to stop people to participate and +take control. + +http://www.reddit.com/r/Bitcoin/comments/28zts3/mike_hearn_interview_quotes_progress_on_the/ + +circle also this month made a similar statement (on coindesk): + +http://www.coindesk.com/circle-ceo-jeremy-allaire-issues-challenge-bitcoins-core-developers/ + +note how he says "unwelcoming to new participants" - same words as mike +hearn. + +if you want to dev bitcoin, there's nothing stopping you. go write code +or participate. don't try to assert control. + +it's all related, bitcoin foundation being official with their claim to +legimitimacy but no merit to back that up. + +https://bitcointalk.org/index.php?topic=322328.msg3460051#msg3460051 +"Just got a call from the bitcoin foundation. They wouldn't go on the record to comment on the article but just kept telling me "off the record" that you lot [Dark Wallet] have no credibility and that a much better story is some venture capitalist yesterday investing $9m in bitcoin..." ~email from journalist when we were doing DarkWallet crowdfunding. + +btw check this, + +http://www.reddit.com/r/Bitcoin/comments/2646ei/bitcoin_foundation_has_4600000_in_assets_90_in/ + +and despite all those resources they have done jack shit for bitcoin. + +there is some big corruption going on here. foundation people are all +flying all-expense paid fancy trips, paying themselves high salaries +whilst most wallet developers and the opensource projects (which people +use) in this space are without resources. they have contributed nothing to +the community. there's been no proof otherwise besides some minor grants +for ~$10k or so. + +http://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/ + +people are like "oh dear, we need better legislation" without realising +the foot in the door danger. it's like the used car salesman who rips +you off with an overpriced crappy car which you jump on after "he speaks +to the boss" (i.e smokes a ciggy), knocking down his initial high offer. +wow! what a bargain! + +G8 magazine, June 2013 "Protecting digital economies": "If the leaders +of the European Union and United States could be convinced to take a +lead on these initiatives [banning Bitcoin], that would be a huge +contribution to making the internet a safe place for financial +transactions. At the same time, it would also strike a blow against +those who would try to destroy the fabric of our world’s well-being." + +JP Morgan, Feb 2014 "The audacity of Bitcoin": "But followers of +financial history know the limitation of a system based on a fixed or +slow-growing money supply: it imposes uncomfortable financial discipline +on governments, households and corporates. [i.e governments, consumers, +the corporations" (goes on to talk about how printing dollars was used +to fund WW1 and the Vietnam war as a good thing) + +ECB, Oct 2012 "Virtual currency schemes": "Authorities need to consider +whether they intend to formalise or acknowledge and regulate these +schemes. In this regard, a likely suggestion could sooner or later +involve virtual currency scheme owners registering as financial +institutions with their local regulating authorities. This is a similar +trajectory to the one PayPal has undergone, as it was granted a banking +licence in Luxembourg in 2007 after its service became popular. This is +not an easy step, but it looks like the only possible way to strike a +proper balance between money and payment innovations on the one hand, +and consumer protection and financial stability, on the other." + +Mark my words. The problem is not with this regulation needing to be +fixed. They will probably tone down the proposal and it will be hailed +as a victory within the community, yet be another step toward +normalisation of their activities. + +http://www.coindesk.com/ben-lawsky-friend-foe/ + +"The choice for the regulators is: permit money laundering on the one +hand, or permit innovation on the other, and we’re always going to choose +squelching the money laundering first. It’s not worth it to society to +allow money laundering and all of the things it facilitates to persist in +order to permit 1000 flowers to bloom on the innovation side.” +~ Ben Lawsky + +funny he's affiliated with chuck schumer too who is a populist and someone +who in the early days was very anti-bitcoin (silk road). + +i love the whole tone of this propaganda piece which is like "he's such a +nice guy". I bet he has good manners too. + +maybe you all appreciate this article, + +http://motherboard.vice.com/read/the-dark-wallet-developers-plan-for-startup-governments-run-on-bitcoin + +Hello all you wonderful apes. I’m not the one to usually create a post like this as macroeconomic pictures can be very divisive. This post is meant to explain the large picture of what is happening on a macroeconomic scale for the US. + +*Note: this DD was originally posted on 4/25/2022 and deleted by me as I was posting from my phone and the level of quality was insufficient. It was edited for improved readability on 4/26/2022 by* u/upsouth. + +# TLDR + +* The Federal Reserve cornered the bond market. It has announced QT essentially stating “I’m about to dump my holdings of US treasuries.” +* Yields move inverse of bond prices. Wall Street is now front running the Fed by dumping their bonds at the top and sending yields up… before the Fed even steps in. This will push bond yields through the roof and cause a wave of defaults and a stock crash. +* There is too much leverage in this everything bubble. It would make everyone default. The pump fake is this: the Fed is only peeling up rates in small increments now to drop them again when the market crashes. It will then swoop in once again with QE and put downward pressure on rates once again to try and stave off a nationwide default and print your money into the toilet. If the Fed was real about inflation, rates would be in the double digits as we speak. + +# Part 1 + +**1.1 The Central Bank and the Currency Crisis** + +Currently we sit at a crossroads in history. A currency crisis is upon us as reckless government spending and a central bank that answers to no one push us deeper and deeper into debt while financing it all with the printing press. + +The issues start here: The Central Bank. + +>The Central Bank is a private institution with a monopoly over our money supply. At just a glance this institution seems to be under the thumb of congress and the public, but a brief look at their website states otherwise. + +[https://www.investopedia.com/terms/c/centralbank.asp](https://www.investopedia.com/terms/c/centralbank.asp) + +>“International experience shows that monetary policy tends to be more effective in supporting stable prices and strong employment when it is shielded from short-term political influence, which is one reason the Congress has given the Federal Reserve considerable operational independence to set policy.” + +[https://www.federalreserve.gov/faqs/about\_12798.htm](https://www.federalreserve.gov/faqs/about_12798.htm) + +The Fed has full legal independence to set its own monetary policy with one caveat. As long as it says it is for the benefit of stable prices and full employment the Fed can do whatever it sees fit when it comes to setting policy. This gives them leeway as long as they state their goals match their legal obligations… and we’ll all know bankers never… EVER…bend the truth… + +When it comes to transparency of their goals, they conveniently have a FAQ explaining their actions all while the motive remains a constant. + +>Question: + +>>“Federal Open Market Committee (FOMC) meetings are not open to the public, so how do I know what the FOMC is doing?” + +>Answer: + +>>Information about the Federal Open Market Committee's (FOMC) deliberations and decisions can be found in: + +>>* Policy statements released after each FOMC meeting; +>>* Detailed minutes of FOMC meetings, released three weeks after each regularly scheduled meeting; +>>* The Chair's press conferences; +>>* Quarterly publication of the economic projections of FOMC participants; +>>* Semiannual and other testimony by the Chair to the Congress on monetary policy; +>>* Weekly disclosure of the Federal Reserve's balance sheet and discount window lending. + +[https://www.federalreserve.gov/faqs/federal-open-market-committee-fomc-not-public.htm](https://www.federalreserve.gov/faqs/federal-open-market-committee-fomc-not-public.htm) + +Their answer is a bit of a runaround. The actions are transparent, but their actual goals are no where to be found because the answer always remains the same, stable prices and full employment. The questions we should be asking are HOW is the central bank using these tools if its legal obligations are not being met, and what might otherwise be it’s unstated goals. + +**1.2 Refresher on Basic Economics in Ape Speak** + +To get a full understanding this let’s get some basic economics out of the way. + +Fiat currency: “A type of money that is not backed by any commodity such as gold or silver, typically declared by a decree from the government to be legal tender.” + +\-Ape speak: It’s just paper. + +[https://en.wikipedia.org/wiki/Fiat\_money?wprov=sfti1](https://en.wikipedia.org/wiki/Fiat_money?wprov=sfti1) + +Floating exchange rate: “A floating exchange rate is a regime where the currency price of a nation is set by the forex market based on supply and demand relative to other currencies.” + +\-Ape speak: The value of a floating currency is dependent upon supply and demand. Meaning increasing supply can lower its value relative to demand and decreasing supply can increase its value relative to demand. + +[https://www.investopedia.com/terms/f/floatingexchangerate.asp](https://www.investopedia.com/terms/f/floatingexchangerate.asp) + +Federal Funds Rate (FFR): “the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis.” + +Bond: In finance, a bond is a type of security under which the issuer (debtor) owes the holder (creditor) a debt and is obliged – depending on the terms – to repay the principal (i.e., amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. + +\-Ape speak: It’s debt, loan with interest, etc. + +Pristine collateral: “Securities that offer a risk-free return.” + +\-Ape speak: Assets that have little to no risk of default. Typically, US government treasuries are considered Pristine Collateral. + +Benchmark Bonds: “A benchmark bond is a bond that provides a standard against which the performance of other bonds can be measured.” + +\-Ape speak: Pristine collateral, US Treasuries, US debt, that all other debt derives it’s risk assessment from. Example: If 30-year US bond has a coupon of 2% and is supposedly carries no risk (pristine), 30-year mortgages using US30Y as a benchmark must be higher than 2% interest as the mortgage carries more risk. + +Coupon (bonds): “A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity.” + +\-Ape speak: The annual interest rate of a bond. + +Yield (bonds): “The return an investor realizes on a bond.” + +\-Ape speak: The payment received from the interest made on the bond. Example: 100$ bond with a 5% coupon would have a yield of 5$ + +US Treasuries and how they function: + +Uncle Sam issues a bond asking for 100$ with a 5% coupon. Over the life of the loan Uncle Sam has agreed to pay you 5$ every year for lending him 100$ (100 x .05). Your bonds yield is thus 5% or 5$. This coupon of 5$ remains the same over the life of the bond no matter what it trades at later. + +Now US Treasuries are marketable securities, meaning you can trade them after auction. When they are traded, they can fetch a different price than the original price at auction. This is how bond yields start to change. + +If the treasury mentioned above originally auctioned for 100$ with a 5% coupon starts trading at 80$ later in the secondary market and the coupon payment of 5% on 100$ (5$) stays the same, the yield increases (5 / 80 = .0625) or 6.25%. If the price increases to 120$ (5 / 125 = .04) the yield drops to 4%. These are the basic mechanisms behind yields on US treasuries, and why it is understood that yields move inversely to price. + +**1.3 The 1987 Crash and the Greenspan Put** + +Let’s start with the lead up to and the crash of Black Monday in 1987. + +When Richard Nixon was president he took the United States off the Dollar-Gold Standard. During his time as president his bluff was called by the international players after the Bretton Woods system stated you could redeem 1oz. of gold for 35$. The international community saw the inflation under Nixon and deemed that he was printing more money than could be redeemed in gold. There was a run on the dollar and Nixon was forced to show his hand and detach the dollar from gold standard. This turned the dollar into a fiat floating currency. The panic further pushed up inflation throughout the 70’s. Asset prices followed as the new money entered the stock market and pushed up prices. This happened until the ferocious steps taken by Fed chair Paul Volker were enacted. His response is now known as the Volker shock. + +[Volker Shock](https://www.thebalance.com/who-is-paul-volcker-3306157) + +[Bretton Woods](https://en.wikipedia.org/wiki/Bretton_Woods_system?wprov=sfti1) + + +The early 1980’s was a rough time in America. The response to the double-digit inflation prompted a strong response from the Fed to raise interest rates past 20%. This sent the US into a Fed induced recession leading to a much stronger dollar and a growing trade deficit. The strong dollar benefited the domestic market as imports picked up and exports shrank when it became cheaper for the US to purchase internationally and more expensive for trade partners to purchase from the US. The policies of the Fed had worked to stave off inflation throughout the first few years of the 1980s. + +With inflation worries gone, it was now the job of Ronald Regan and Paul Volker to correct the trade deficit it had with some of its trading partners. The Plaza Accord was introduced in 1985 to solve this issue. The main goal of this agreement was to depreciate the US dollar to correct trade imbalances between the G-5 countries. This was achieved by depreciating the dollar by having the Central Bank print and sell some USD on the international market while having its trade partners tighten. This would push the value of the dollar downwards and help exports pick up by making US goods more affordable internationally. With the increase in supply of the dollar due to the Plaza Accord, some of that hot money spilled over into the equities market. + +[Plaza Accord](https://en.wikipedia.org/wiki/Plaza_Accord?wprov=sfti1) + +The stock market boomed. + +The Plaza Accord was successful in depreciating the dollar, a little too well. The US met back with its trading partners in 1987 to discuss how to stabilize its currency as its value continued to drop. This led to The Louvre Accord. This agreement was signed by Japan, Canada, UK, France, and Germany to slash interest rates while the US would raise interest rates to prevent further depreciation of the US dollar. Germany back pedaled. Fearing the threat of inflation, Germany reversed course and raised interest rates much to the dismay of the US. As a result, fear of the US having to take a much stronger action to strengthen its currency by raising rates higher and much faster than previously expected to keep up with its German counterparts sent markets tumbling. This became what we know now as Black Monday. + +[Black Monday](https://i.imgur.com/DutgO7k.jpg) + +[Louvre Accord](https://en.wikipedia.org/wiki/Louvre_Accord?wprov=sfti1) + +Fortunately, a couple months earlier the Fed received a new Chairman, Alan Greenspan. The stock market crash elicited a loving response from the Fed and the introduction of the Greenspan Put. + +[Greenspan Put](https://en.wikipedia.org/wiki/Greenspan_put) + +How the Greenspan Put (now Fed Put) works. This is where understanding bonds also comes in. The Central Bank does the following: + +1. First, It the central bank can lower reserve requirements on banks to allow them to lend much more easily. As they can have much less cash on hand compared to the cash lent out. +2. Second, the Central Bank can lower the FFR (Federal Funds Rate, see above in definitions). +3. Third, the Central Bank can enact QE (Quantitative Easing) Indirect QE - 'Repurchase agreements (also called. 'repos') are a form of indirect quantitative easing, whereby the Fed prints the new money, but unlike direct quantitative easing, the Fed does not buy the assets for its own balance sheet, but instead lends the new money to investment banks who themselves purchase the assets. Repos allow the investment banks to make both capital gains on the assets purchased (to the extent the banks can sell the assets to the private markets at higher prices), but also the economic carry, being the annual dividend or coupon from the asset, less the interest cost of the repo. + +This was now the point when Wallstreet got the green light to turn the stock market into the casino you know today. What the Greenspan Put basically stated to the banks was that if the banks wanted to put all their money on black at the roulette table, they could keep the money if they win and have the Fed print more money for them if they lose. The Fed has now taken the "Free" out of our free markets as this policy guarantees a bailout for the banks if anything goes wrong. + +The result: this response from the FED fueled the massive speculative bubbles we have seen over the past 40 years. +EDIT: This is just a theory, and I am not advocating anyone to do anything with their BofA accounts. Just some information I found and felt an obligation to share. + +&#x200B; + +Good evening fellow Apes, + +&#x200B; + +Please forgive me as this is my first attempt at any DD. I welcome criticism and anything to support or disprove my hypothesis is also welcome. + +Like most of you fellow apes when I first heard of the scandal that Credit Suisse and its substantial losses due to the margin call of the family office Archegos Capital Management, I thought to myself how the hell could that happen. This led to approximately 4 billion dollars in losses to Credit Suisse. It was at this moment I realized that someone has to be bankrolling Citadel. + +Upon thinking about this long and hard I believe there is a bad smell coming from the direction of Bank of America/Merrill Lynch. + +1. My first bit of suspicion was when I saw this post on Superstonk regarding closures of some Bank of America locations. It was definitely sus. To my understanding, some of these locations were being boarded up due to the trial of George Floyd (RIP). This was very strange as some of these banks were being boarded up after the verdict of the trial, and it appeared no riots would happen. + +[https://www.reddit.com/r/Superstonk/comments/mvu4nc/bofa\_on\_why\_they\_closed\_their\_banks\_today\_nothing/](https://www.reddit.com/r/Superstonk/comments/mvu4nc/bofa_on_why_they_closed_their_banks_today_nothing/) + +2) The second piece of information that I came across that I thought might support my thesis was the recent hiring of Executive David Kim. David Kim was the head of equity client solutions at Bank of America, and was recently hired by Citadel Securities (link below). Now, this is speculative, but would it be possible that Kim has signed off on some terrible credit/increased risk, and jumped ship on some hidden backdoor deal? + +[https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel](https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel) + +3) I was digging through the 13f's on whalewisdom, and I found that Bank of America does hold decent-sized Put positions on AMC, and GME. As holding these put positions are a legal loophole way of holding a short position, I believe it's possible that they also took short positions against these meme stocks. As both organizations would benefit from colluding an aggressively short position, they could drive the price down and both mutually profit. + +[https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4\_tab\_link](https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4_tab_link) + +4) At this point I felt there is a lot of smoke coming from Bank of America, and that it was worth doing more digging. I decided to look into the X-17A-5 annual financial report for Citadel securities that was recently filed with the SEC. ([https://sec.report/CIK/0001146184](https://sec.report/CIK/0001146184) ,filed Feb 25th 2021) + +**BINGO** + +&#x200B; + +https://preview.redd.it/me71elaxyl171.png?width=813&format=png&auto=webp&s=4d728ab4246b11ad9b076b24d455da4d701a18fe + +**This is found on page 8 under credit risk** + +&#x200B; + +[found on page 8](https://preview.redd.it/0310dcayyl171.png?width=444&format=png&auto=webp&s=b3bfa64d7542df3cfcbff11f9230dba820dc85fb) + +&#x200B; + +Conclusion: Given the evidence supported above, I believe that Bank of America has been put at significant risk of taking gigantic losses (or potentially defaulting). As Credit Suisse is trading at 3/4 of its February value, if Bank of America continued to loan/credit Citadel, I believe it is in serious trouble. + +&#x200B; + +I hope I'm on the right track. There are so many smart people on here, and if I can add even a little bit to this community that would be super fulfilling to me. + +Ape out! + +See you on the Moon! + +&#x200B; + +Bonus: As it turns out last weekend the author of the following asserts they were told Bank of America's computers crashed on the weekend, and they could not withdraw more than $1000. Sounds like someone with liquidity issues. + +[https://www.reddit.com/r/CryptoCurrency/comments/ni81j7/bank\_of\_americas\_computers\_crashed\_worldwide/](https://www.reddit.com/r/CryptoCurrency/comments/ni81j7/bank_of_americas_computers_crashed_worldwide/) +I see alot of corporate people from start ups here but was wondering if there were any medicine folks. I am a 4th yr med student with 300k debt but will be going into family medicine and starting to make around 250k per yr in 3 years after I complete residency. Any tips on how to navigate paying off debt while also investing early for retirement? There is a good chance I'm Gunna get about half of these loans paid off by my future employer. +Thanks! + + +[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) | [💡 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) |[📈 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) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%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) | [📰 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) | [🏆 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) | [🚨 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` 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!* + + +[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. 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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!* +I have never been through a recession as an adult. Currently contributing 6% which is matched by my employer. Should I stop contributing so much until after what appears to be an imminent economic downturn? I am young and not in debt luckily but I don't have a ton of extra cash if I were to get laid off. +Although the degree may not matter as much as the person for financial success. Which particular degree should a person that is equally passionate about most programs pursue if his/her goal is financial success in the future? In other words, which college degree will best equip you in making money? +BAML’s ‘Bull & Bear’ gauge, which takes the temperature of markets, is now flashing overheating warning signals at 7.9, just under the 8 level that BAML recommends selling. + +It is the indicator’s highest since March 2013. It has given 11 sell signals since 2002 with a 100 percent hit ratio, BAML said. Average equity peak-to-trough drops in the following 3 months after the signal have been 12 percent they added. + +https://www.reuters.com/article/us-markets-flows-baml/record-stocks-buying-but-correction-in-coming-months-likely-baml-idUSKBN1FF1JJ + + +If you were late to GME and SAFEMOON: Easiest money ride ever + +Edit: buy the dip now is ur chance to get in + +Hey, so i dont normally post by this is some crazy shit. Last night put some throw away money into this $SAFESTAR crypto coin and it has made me stupid money. Now i am normally the guy thats like ill invest in utilitarian coins; my buddy got on the safemoon boat and made stupid money so i said, "the stuider the name the more it moons...ok" and now i here making stupid money, is this ever real...wow. I sold a small portion to cover my initial invest. and am letting the rest ride. To the moon + +This is not financial advise, i am telling you my experience. DYOR info below. High Risk High Rewards. + +🟣Official Links: 🔵Twitter: https://twitter.com/SafeStar_ 🔵Medium: https://medium.com/@safestar 🔵Telegram Chat: https://t.me/SafeStar_Group 🔵Telegram Announcements: https://t.me/SafeStar_Crypto 🔵Whitepaper: https://safestar.me/wp-v.1.pdf ⬅️⬅️⬅️ 🌐Website: https://www.safestar.me/ + + +Edit: the official sub is now r/safestarcrypto !! +**Zenfuse** (**$ZEFU) is set to explode at the end of Feb.** + +Zenfuse is a trading ecosystem, which helps you to manage all your cryptocurrency trading from one single dashboard. Zenfuse integrates both Centralized Exchanges (e.g. Binance, Coinbase, Kucoin) and Decentralized Exchanges (e.g. Uniswap, 1Inch, Sushiswap) into one single system. The UI looks amazing and this is a project that will actually be USED. Beta is launching this month. + + +**Use Cases:** + +The user must stake a certain number of tokens to access the platform for the period the tokens are staked. To unlock advanced features, a certain number of tokens need to be “settled”, and “settled” tokens will be burned once a month and lead to a deflationary token ecosystem. This means upon launch that users who are using advanced features are in essence burning tokens reducing the cir. supply... bullish. They also have a bunch more use cases for the token on the network include staking, tipping (if another user informs you of a great trade etc), Secure Gateway API usage etc etc. + +**Here are all the possible types of trading actions on the Zenfuse trading platform:** + +• Buy or sell limit orders + +• Stop loss order, trailing stop loss order, market order + +• Panic Sell Button (super cool) + +• Portfolio rebalance button + +• Copy orders from other traders + +• Community raffling events + +• Crypto Currency % of Gains / Loss Prediction stakes + +• Access multiple exchanges in one platform. + +&#x200B; + +**And finally why i think its set to rocket...** + +\- Coinbase Custody approval coming soon. + +\-Influencer videos coming soon (already one done by Ivan on Tech) + +\- New CEX listing coming soon. - Product video coming soon. + +\- MVP live this month (probably the weekend of next week) + +\- 10 000+ people signed up for a Zenfuse account already. + +\- Unique product with good use cases. + +\- Partnership with Indacoin and more to be officially announced soon. + +\- Low market cap of about $9M USD. + +&#x200B; + +Telegram [t.me/zenfuse\_en](http://t.me/zenfuse_en?fbclid=IwAR2flOlYFRLFDC1GGSYPhPGZWAtjse0eSunyf8_DTvtVFrxWNyGbQOps_zY) to join the new crypto trading revelation. + +Uniswap [https://uniswap.info/token/0xb1e9157c2fdcc5a856c8da8b2d89b6c32b3c1229](https://uniswap.info/token/0xb1e9157c2fdcc5a856c8da8b2d89b6c32b3c1229) +While many may argue that value investing doesn't make sense anymore, a lot of the rules and investment principles from Warren Buffett and Benjamin Graham stand the test of time, especially when you apply current nuance to their original investment rules (which are now close to a century-old)... + +**Disclaimer:** The views below represent the opinions of the OP and are supported by research from Benjamin Graham's Security Analysis from 1934 and The Intelligent Investor from 1949, along with Google and Yahoo Finance and public statements from Warren Buffett and Benjamin Graham. These investment principles do not constitute investment advice, but rather are general principles one might employ in reaching his or her overall financial goals. *All* investing bears risk, including possible loss of capital. + +**#1 Create a healthy balance in your portfolio between risky and less risky investments** + +*“Furthermore, a truly conservative investor will be satisfied with the gains shown on half his portfolio in a rising market, while in a severe decline he may derive much solace from reflecting how much better off he is than many of his more venturesome friends.” – quote from Benjamin Graham* + +A conservative investor may have 50% of his or her portfolio in risky assets like stocks and real estate and 50% in less risky investments like US treasury bonds (which you can buy either directly from the US Treasury or through ETFs like Charles Schwab Short Term Treasuries ETF (Ticker: SCHO) as well as through investments in gold (SPDR Gold Trust (Ticker: GLD)) which tends to be a good portfolio hedge against volatile markets and inflation (at least historically). + +Benjamin Graham’s formula for calculating the percentage of assets that should be in risky vs. less-risky investments is to subtract your age from 100 and invest that percentage of your assets in risky investments (like stocks), with the rest in relatively safer assets like cash and gold. For instance, if you are 35 years old, you might invest 65% of your investible assets (not including savings) into risky assets like stocks and 35% of your investible assets in less volatile assets like cash (USD/euro or another stable currency) and gold. A 70-year-old, on the other hand, would only invest 30% (rather than 65%) of his or her assets in risky investments (like stocks) and the balance in more stable assets like cash (again, assuming the cash is in US dollar, euros or another relatively stable “low” inflation currency.) + +Benjamin Graham formula for proper investment portfolio balance: + +100 – your age = risky assets (such as stocks), with the balance in less risky assets + +Of note, most of us might categorize real estate investments as safe investments (which may be the case relative to stocks). That said, as Benjamin Graham reminded us over half a century before the 2007-2008 Great Recession, *“Unfortunately, real-estate values are also subject to wide fluctuations; serious errors can be made in location, price paid, etc.”* With most financial assets being highly correlated these days due to the high interconnectivity of markets and economies, there are few truly uncorrelated and riskless assets. Real estate prices are as high as ever in 2021 thanks to over a decade of easy monetary policy, along with a dwindling inventory of available homes for sale in the US. + +**#2 Have an emergency fund** + +*“The unexpected can strike anyone, at any age. Everyone must keep some assets in the riskless haven of cash.” Quote from Benjamin Graham* + +We never know when emergencies may strike. We might be fired. Our division at work might be cut. Our spouse or child may experience a significant setback. The 2020 Year from Hell and Covid-19 should remind the world and each of us that disaster can strike at a moment’s notice. We must be prepared for these uncertainties. While volunteering at Vanderbilt University Medical Center (VUMC), a patient once inadvertently taught the author of this piece, Henry Gindt, to “always expect the unexpected.” This particular patient happened to be in the hospital following a heart attack…in his mid-40s…as a marathon runner. (As a side-note, some of the best life lessons and principles can be learned through volunteering. If 2020 taught us anything, it might be that there are plenty of our fellow men and women out there who could use a helping hand. Find a great volunteer opportunity near me.) “Emergencies” happen all the time in life. Oftentimes these emergencies spill over into the financial side of the house. Vanguard Investments suggests as a rule of thumb to maintain at least 3-6 months of income in such an emergency fund in order to cover things like food, mortgage payments/rent, credit card bills, and ongoing health insurance or COBRA in the event of a lost job. This emergency fund should not be invested except in low-risk securities like US Treasuries. + +**#3 Choose ETFs over individual stocks** + +*“There are two ways to be an intelligent investor: by continually researching, selecting, and monitoring a dynamic mix of stocks, bonds, or mutual funds; or by creating a permanent portfolio that runs on autopilot and requires no further effort (but generates very little excitement).” Quote from Benjamin Graham* + +Broad market ETFs can curb our emotional impulses to buy and sell to some degree as these broad market index funds are less volatile than most any single individual security. The framework around how we might build an optimal portfolio might be to create balance in your portfolio by 1) conducting ongoing and rigorous homework analyzing stocks (“active investor”) or by selecting a few ETFs and dollar-cost-averaging your investments into these funds over time (see points below). In the Intelligent Investor’s prologue, Warren Buffett reminds us that “What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.” + +Step 1 might be to determine a fixed split between risky and less risky assets as part of your investment portfolio (perhaps using Graham’s formula above based on your age). + +Step 2 might then be to select a few US and world market ETFs. + +This approach might be thought of as setting your portfolio on autopilot as Graham suggests. Some example ETFs offering broad market exposure to US markets include ETFs under the tickers SPY (S&P 500), QQQ (Nasdaq) and DIA (Dow Jones). You can also gain exposure to global markets and global economic growth through even broader market ETFs and mutual funds from Vanguard (ticker VTI), Charles Schwab (ticker SWTSX), and Fidelity (ticker FZROX). These ETFs can be purchased through whichever financial app you use: You Invest (JPMorgan), Fidelity, E\*TRADE, TD Ameritrade, Charles Schwab, Ally Invest, or any other. + +This simple framework may likely do the trick in meeting your financial goals (as well as outperforming any active portfolio management you might pursue). See also how the KISS principle might relate to other areas of your life. + +**#4 If you insist on owning individual stocks (active investor) vs. ETFs (passive investor), create a well-balanced and diversified portfolio** + +*“Graham’s guideline of owning between 10 and 30 stocks remains a good starting point for investors who want to pick their own stocks, but you must make sure that you are not overexposed to one industry.” Quote from Jason Zweig* + +If you insist on picking your own stocks vs. using a basket of stocks through ETFs, try to have between 10-30 stocks to get the benefit of good diversification and do not choose all of these stocks from the same industry. A well-balanced portfolio means selecting at least 10 stocks from at least 3 or 4 different industries, according to Graham. For instance, you might balance some investments in high-growth technology sectors with conservative non-cyclical companies that likely pay dividends and have stable growth such as the best healthcare and insurance companies (what some think of as “boring” companies). Experts disagree on how many stocks you must own to have a well-diversified portfolio, but the benefits of diversification tend to experience diminishing marginal benefit as you go over 30 stocks. Additionally, your life becomes increasingly complicated if you are actively managing 30+ stocks. Hedge fund professionals spend 100% of their work time focused on tracking their investments. Do you have time to dedicate 40-60 hours+/ week on researching and monitoring your portfolio? If so, and for advanced investors, including hedge fund traders, you might read Benjamin Graham’s textbook Security Analysis. It is quite amazing how few professional investors on Wall Street and elsewhere have ever read Security Analysis. Graham reminds us that: + +*There is a close logical connection between the concept of a safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the investor’s favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss—not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. That is the simple basis of the insurance-underwriting business.* + +**#5 Don’t overpay for stocks (or real-estate investments, cryptocurrency or any other investment)** + +*“The investor should impose some limit on the price he will pay for an issue in relation to its average earnings over, say, the past seven years. We suggest that this limit be set at 25 times such average earnings, and not more than 20 times those of the last twelve-month period.” Quote from Benjamin Graham* + +Don’t overpay for stocks just because momentum is good for the moment. In fact, Graham suggested paying an average P/E multiple of 12-13 across an intelligent investor’s portfolio with a maximum P/E of 15 for any individual security. While these P/E ratios are likely overly conservative and represent outdated valuation rules of thumb in the era of pre-rapid technology innovation/adoption and hyper-globalization, one shouldn’t simply ignore a company’s current and future earnings prospects in assigning a value. Benjamin Graham reminds us that “the time everyone decides that a given industry is ‘obviously’ the best one to invest in, the prices of its stocks \[or other assets\] have been bid up so high that its future returns have nowhere to go but down.” (See points below on analyzing company fundamentals including both value and growth). If you are investing in some of the latest technology stocks or household name companies like Tesla, Uber, AirBNB, Poshmark, etc., you might notice that the P/E multiple is either non-existent or extremely high. This is because the company is not yet earning much (or any) profit. Instead, the market is valuing the company based on its growth profile which, over time, assuming all goes according to plan, will turn into healthy earnings and profit. However, the second the growth assumptions are tweaked by equity research analysts on Wall St. (or a string of bad news hits the company, its industry or the market overall), the initial rosy valuation assumptions of these high-growth/loss-making companies will swiftly be revised downwards, leading to an almost immediate or rapid decline in value. The collapse in value of your securities and investments will be at least twice as painful as the pleasure from the ride up, according to world-renown psychologists Daniel Kahneman and Amos Tversky. Importantly, never forget that the rosy growth assumptions under which are investing today may experience a sharp reversal when you have ceased actively monitoring these investments months or years later. Even if you choose to become an active investor (rather than a passive investor primarily invested in ETFs), by the time the bad news hits, the damage will already be done due to the rapid price movements following breaking news. + +Graham and many other notable investors like Warren Buffett and Seth Klarman, billionaire and founder of the investment firm Baupost Group, often speak of creating “margin of safety” when making investments by buying significantly below a company’s intrinsic value. This built-in “pricing buffer” creates some wiggle room and margin for when things don’t work out as planned, as they inevitably do in both financial markets and life more generally. Graham tells us that “If the purchases are made at the average level of the market over a span of years, the prices paid should carry with them assurance of an adequate margin of safety. The danger to investors lies in concentrating their purchases in the upper levels of the market, or in buying nonrepresentative common stocks that carry more than average risk of diminished earning power.” In other words, Graham himself speaks to the value of dollar-cost-averaging, where the intelligent investor is consistently buying over time, during good times, as well as during bad times. + +The Acorns investment app is an interesting app that can help smooth the average “buy-in price” to avoid concentrating investments when markets are hot and selling when markets are depressed by trickling in investments consistently every day/week/month without any active engagement…over decades. This “dollar-cost-averaging” approach is likely a much better approach for most all of us in the long run, particularly those of us with a few decades to go until retirement. Consider using investment apps like Acorns or talk to your investment advisor about dollar-cost averaging your investments each week or month. **This is NOT a plug for Acorns specifically - only for the importance of dollar-cost-averaging. If you'd like to help the OP develop a competitor to Acorns, I'm all in.** + +**#6 Focus on the “fundamentals” (earnings and growth) assuming you choose to be an active investor as opposed to a passive investor** + +*“Experience has shown that in most cases safety resides in the earning power, and if this is deficient the assets lose most of their reputed value.” Benjamin Graham* + +Companies like Amazon, Google and Apple are now worth over $1 trillion each as their earnings power is so solid and market dominance so secure (for now). In the case of Google, for example, the company prints billions of dollars annually from Google Ads alone. When selecting individual stocks, focus on the earnings power and repeatability of those earnings in a normal year (“normalized earnings”). Also, pay close attention to the company’s growth prospects. Growth is a much more important factor in the 2020s due to the current pace of globalization compared with Benjamin Graham’s era where markets weren’t as interconnected and the United States market offered nearly all the great investment opportunities in his day. + +Graham’s formula for selecting growth-oriented companies (as opposed to value-oriented companies below) is Value = Current (Normal) Earnings × (8.5 plus twice the expected annual growth rate), where the annual growth rate can reasonably be expected from the company for at least 7 to 10 years. This formula might be revised to reflect current growth and technology assumptions. However, having some sort of investment formula (which perhaps you develop) as a guide might come in handy as much today as it did in 1949. If you can hold yourself to this investment formula, you might avoid serious mistakes. You might also stress test each of your stock investment ideas (or investment formula) with 2-3 trusted advisers to gain an “outside view.” + +For more value-oriented investments, Graham lists 7 key requirements: + +1. Adequate size +2. Sufficiently strong financial condition +3. Continued dividends for at least the past 20 years +4. No earnings deficit in the past ten years +5. Ten-year growth of at least one-third in per-share earnings +6. Price of stock no more than 1½ times net asset value +7. Price no more than 15 times average earnings of the past three years. +8. In developing your own formula for investing in today’s markets, you might take some example key requirements above and revise them to fit your investment strategy. + +**#7 Have patience. (This is hard. Very hard. Extremely hard.)** + +*“A defensive investor runs—and wins—the race by sitting still. Patience is the fund investor’s single most powerful ally.” Quote from Benjamin Graham.* + +When markets are panicking and you don’t know what to do, do nothing. Panicking only makes matters worse as you try to sell or make other rash decisions. The Intelligent Investor is patient and knows that the best investment holding period is forever, followed by a lifetime, followed by 30 years, followed by 10 years, followed by 3-5 years, followed by at least 1 year in order to reap the capital gains tax benefits (see point below on optimizing taxes). Benjamin Graham reminds us that *“In the financial markets, the worse the future looks, the better it usually turns out to be.”* + +**#8 Set rules for when to sell** + +*“Reversals \[of fortune\] will have more meaning for the active than for the passive investor. But they suggest that even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonably priced.” Quote from Benjamin Graham* + +*It may be assumed that a stern and uniform policy of selling at 25% or 30% profit will work out best as applied to many holdings.” Quotes from Benjamin Graham* + +Set rules for when to sell such as after a certain time period has elapsed (say 2-5 years) or profit goal or loss limit has been reached. Instituting rules such as selling all securities at a 30%/50%/100%/3x etc. profit (or at a 10%/30% loss to cap losses) can take some of the emotion out of investing. Make sure whatever specific goal you set when making the investment in a stock(s) or other security aligns with your long-term financial goals. Setting rules on the front-end that align well with your overall long-term financial goals should include setting rules for both downside scenarios and upside scenarios. The best financial and investment apps are pretty good about making it easy to set “stop losses” or sell at a predetermined profit level. We might also be reminded by Benjamin Graham’s most famous student, Warren Buffett, about the two key rules of avoiding loss of principal so that you can stay in the game: #1 Don’t lose money and #2 See rule #1. + +Some of the best online trading apps and investment apps include Fidelity, E\*TRADE, TD Ameritrade, You Invest (JPMorgan), Charles Schwab and Ally Invest. If you don’t have time to do the arduous and consistent research required on the 10-30 stocks in your balanced investment portfolio, a better approach is to use the Acorns app which automates your investments into the most well-known and diversified ETFs from Vanguard. **If you'd like to help the OP develop a competitor to Acorns, I'm all in.** + +**#9 Don’t chase the latest shining star** + +*“What you don’t do is as important to your success as what you do. The lesson is clear: Don’t just do something, stand there. It’s time for everyone to acknowledge that the term ‘long-term investor’ is redundant. A long-term investor is the only kind of investor there is. Someone who can’t hold on to stocks for more than a few months at a time is doomed to end up not as a victor but as a victim.” Quote from Benjamin Graham* + +Don’t jump on the latest stock or other “hot” investment bandwagon. If the stock is front-page news all over the world and is skyrocketing, it is 9 times out of 10 too late to get onboard for profit. Momentum plays a big role in stock prices in the short term, but over the long run, a company is valued on its earnings and growth trajectory. Oftentimes, technology companies receive such a lofty valuation based on future growth expectations, such as Tesla’s historic rise in 2020. If growth does not end up meeting these expectations, you can expect a company’s publicly traded valuation to decline as quickly as it rose. + +**#10 Ignore “the charts”** + +*“If you look at a large quantity of data long enough, a huge number of patterns will emerge—if only by chance.” Quote from Benjamin Graham* + +The only metrics you should be focused on are the fundamentals of the company (earning and growth). Many investors these days are fixated on “the charts” such as various moving averages. These are all non-sense. These charts are simply reflections of the latest emotion of an entire market consisting of billions of people reacting to the latest positive or negative news. Ignore these human emotions masquerading as indicators and charts. They will not serve you well in the end. Benjamin Graham refers frequently to the stock market as the emotional and moody “Mr. Market,” which is subject to the daily whims and emotions of…the people trading the stocks on the market. Are there market dislocations and can some investors make money by spotting those temporary market anomalies and market dislocations? Sure. Can they do so repeatedly and consistently over time such that they beat the overall stock market? Many experts think not. In fact, Barrons’ research showed that hedge funds only beat the market by an average of 1.5% annually over the past 20 years. After subtracting the 2% annual fees these investment managers charge the pensions and endowments which are their own investors, they lose money. Think you can beat the average hedge fund manager? Statistically, it’s possible. For a while. Until you don’t. See later points on automating portions (or a substantial amount) of your investments. As humans, we all like crunching data and seeking out patterns. It’s usually not wise in the realm of public markets investing. + +**#11 Look for large undervalued companies** + +*"The market is fond of making mountains out of molehills. If we assume that it is the habit of the market to overvalue common stocks which have been showing excellent growth or are glamorous for some other reason, it is logical to expect that it will undervalue—relatively, at least—companies that are out of favor because of unsatisfactory developments of a temporary nature." - Quote from Benjamin Graham.* + +Hunt for true bargains. Graham defines a true bargain as a company that is currently trading at a 50% or more discount from its inherent/intrinsic value. For instance, Facebook was a good example of an interesting investment opportunity for growth at a reasonable price (GARP) during the major market crash in 2020 and when the company made global headlines for it’s privacy issues. See the referenced two major dips on Google Finance here. The global food giant Wal-Mart provides another good example of a value-oriented investment with a healthy long-term dividend. Wal-Mart was trading in the low $80s/ share in 2018 when Amazon was soaring. Check Wal-Mart today. As conventional wisdom goes, markets tend to overcorrect during negative news cycles and overbuy/overpay when the sky is blue, the sun is out and wind behind the sails is plentiful. + +**#12 Expect market volatility (and have nerves of steel during this time)** + +*“In any case the investor may as well resign himself in advance to the probability rather than the mere possibility that most of his holdings will advance, say, 50% or more from their low point and decline the equivalent one-third or more from their high point at various periods in the next five years.* + +*In the end, how your investments behave is much less important than how you behave.” Quotes from Benjamin Graham* + +Manage your emotions. If you can’t (like most all of us), read the following two points on micromanaging investments and market volatility. Re-read them. Then, re-read them again. Jason Zweig points to the work of world-renown psychologists Daniel Kahneman and Amos Tversky, whose studies have shown that we experience negative emotions and pain from loss twice as intensely as we experience joy and pleasure from gain. This “loss aversion” principle applies not only to financial markets but to many aspects of life. You might check out Daniel Kahneman’s bestseller Thinking Fast and Slow to dig deeper into these psychological forces that influence how we react and behave every day. Markets will inevitably decline, sometimes by as much as 50% or more. Remain focused on the long-run by having nerves of steel. Remember the 2007-2008 Great Recession and the 2020 Covid-19 Global Pandemic and analyze those stock market dips in the context of current market prices. Graham reminds us that: + +*For indeed, the investor’s chief problem—and even his worst enemy—is likely to be himself. (“The fault, dear \[investor/Brutus\], is not in our stars—\[and not in our stocks\]—but in ourselves….” – William Shakespeare). We have seen much more money made and kept by “ordinary people” who were temperamentally well suited for the investment process than by those who lacked this quality, even though they had an extensive knowledge of finance, accounting, and stock-market lore.* + +**#13 Do not micromanage your investments** + +*“It is for these reasons of human nature, even more than by calculation of financial gain or loss, that we favor some kind of mechanical method for varying the proportion of bonds (less risky) to stocks (more risky) in the investor’s portfolio.”- Quote from Benjamin Graham.* + +Avoiding micromanaging of investments ties into the point above on keeping emotions in check. You might focus on rebalancing your portfolio between risky and less risky assets 1-2 times/ year rather than choosing new stocks endlessly throughout the year. Graham proposes a rule of thumb for maintaining a split in your portfolio of 100 – your age in risky assets (like stocks) and the balance in less risky assets like treasuries, cash and gold. Spending your time balancing and rebalancing your investment portfolio 1-2 times a year, for instance, is likely far better than readjusting your portfolio daily or weekly, which is a common investment mistake made by the best of us and is largely based on human emotion and current market news and headlines rather than based on sound financial analysis. + +Don’t overreact to the headlines. Everyone sees the headline and sells or buys depending on whether the headline was positive or negative. Challenge yourself to take a strong mental note (or better yet keep a log of your notes) and consider the particular headline in light of all the other news and headlines the next time you rebalance your portfolio (at most 1-2x/ year). Ben Graham reminds us that *“most businesses change in character and quality over the years, sometimes for the better, perhaps more often for the worse. The investor need not watch his companies’ performance like a hawk; but he should give it a good, hard look from time to time. Basically, price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.”* In other words, you might take a contrarian approach when looking for interesting market dislocations. + +**#14 Automate. Automate. Automate.** + +*“It is for these reasons of human nature, even more than by calculation of financial gain or loss, that we favor some kind of mechanical method for varying the proportion of bonds to stocks in the investor’s portfolio.” Quote from Benjamin Graham* + +*“If your investment horizon is long—at least 25 or 30 years—there is only one sensible approach: Buy every month, automatically, and whenever else you can spare some money.” Quote from Jason Zweig.* + +Choose a financial investment app like Acorns to mechanize and automate the process of investing. If you are starting out investing in your 20s or 30s, you will have plenty of decades for the markets to work for you. You might trickle in however much you can afford in order to make these investments consistently. The beauty of Acorns is you can set up a recurring investment (of say $100 per week) without having to actively remember to invest daily/weekly/monthly. A unique feature of Acorns is that you can link your credit cards so that for every purchase you make, the “purchase amount” is rounded up to the next dollar and instantaneously invested in a broad set of index funds. Further, you can decide whether the funds are invested in broad index funds falling into a conservative, moderate, or aggressive approach, depending on your age and financial goals. Benjamin Graham explains the concept of “dollar-cost-averaging” (the approach used by the financial investment app Acorns), in the following way\*\*:\*\* + +*“The third is the device of “dollar-cost averaging,” which means simply that the practitioner invests in common stocks the same number of dollars each month or each quarter. In this way he buys more shares when the market is low than when it is high, and he is likely to end up with a satisfactory overall price for all his holdings.”* + +*You might also consider using a personal financial app like Mint from Intuit or Plaid to manage your overall financial goals, which offer tools and features like a personal budget planner, credit monitoring, and “track my spending.”* + +**#15 Never forget the reason for investing in the first place** + +*“After all, the whole point of investing is not to earn more money than average, but to earn enough money to meet your own needs.” Quote from Jason Zweig.* + +Many investors focus on either getting rich or making more money than their peers or simply beating the stock market averages. These investors tend to lose sight of the overall purpose of investing. Focus on your unique goals for investing as it relates to your unique financial situation. Are you trying to meet your and your family’s financial needs for this month or this year? Are you on the verge of retirement? Are you in the prime of your career? Each person’s financial situation is unique because the timing of our financial needs depends on our situation. However, all of us might benefit from reminding ourselves why we invest in the first place. Separate from investing, it’s also worth considering how much of our time we’re willing to trade in order to earn money, oftentimes to buy things we don’t need to impress people we don’t care about impressing in the first place. Time is the most valuable asset for anyone. Invest as much as you can in yourself through ongoing education, learning, and spending time with friends and family. In terms of your financial goals, specifically, see the point above on finding and using one of the best personal finance apps like Mint or Plaid. + +**#16 Understand the definition of the phrase “long-term” investments (as well as long-term financial goals)** + +*“Psychologists have shown that humans have an inborn tendency to believe that the long run can be predicted from even a short series of outcomes.” Quote from Benjamin Graham* + +Try to think about the “long-run” in blocks of 10/20/30/50 years from now, depending on your age. The two most glaring examples of “short-term” market disruptions in the context of true “long-term” investments or “long-term” personal or financial goals might be the 2007-2008 Great Recession or the 2020 Covid-19 Global Pandemic (see also WHO). While both crises were undoubtedly severe during the time, markets typically recover within a decade or less. Why is this? If you consider that “the stock market” is simply a marketplace for buying and selling ownership interests in companies and that you can own a small sliver of the US or world economy through broad market ETFs, it might not be surprising that over time there will be growth. The aggregate of companies nearly always grows over time because the global population of people is growing and collectively building and creating new cities, companies, patents, inventions, ideas, etc. Companies routinely collapse and fall out of the various stock market indices while other companies soar. Some recent examples include Tesla being incorporated into the S&P 500 in 2020 on the one hand while GE was delisted from the S&P 500 in 2018 as the last of the original members of the exchange and replaced by Walgreens on the other hand. Walgreens itself may ultimately fall (or be diminished) due to competition from Amazon, which is rolling out a healthcare platform of its own with online pharmacy delivery following the acquisition of PillPack.) You might track how some of the best consumer startups from 2021 or social media 3.0 startups are doing in the year 2030. Some of these companies may appear on the Nasdaq and be household names. Others might be totally forgotten. These concrete examples of market forces represent the most authoritative definition of American capitalism or American innovation. One of Henry Gindt’s colleagues characterized the United States as the largest business incubator the world has ever known. + +You can gain exposure to this collective economic growth in the United States through broad market ETFs like SPY (S&P 500), QQQ (Nasdaq) or DIA (Dow Jones). You can also gain exposure to global economic growth through even broader market ETFs and mutual funds from Vanguard (ticker VTI), Charles Schwab (ticker SWTSX), and Fidelity (ticker FZROX) which all track the collective global stock market and have close to zero fees. Benjamin Graham tells us that “the intelligent investor has no interest in being temporarily right.” + +**#17 Tax optimize by holding investments for at least one year to reap benefits of the lower capital gains tax rate** + +"*Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes." – Quote from Benjamin Franklin in 1789* + +The long-term capital gains tax rate for 2020-2021 is 15% for most single tax filers, but is 0% if annual income is below $80,000 and 20% if annual income is over $441,450. See the IRS page on capital gains for more detail. Aside from incurring high transaction costs from daily (or otherwise frequent) stock trading, when you sell an investment prior to holding that investment for at least one year, your profit will be subject to your typical income tax rate rather than the lower capital gains tax rates above. + +**Disclaimer:** The views above represent the opinions of the OP and are supported by research from Benjamin Graham's Security Analysis from 1934 and The Intelligent Investor from 1949, along with Google and Yahoo Finance and public statements from Warren Buffett and Benjamin Graham. These investment principles do not constitute investment advice, but rather are general principles one might employ in reaching his or her overall financial goals. *All* investing bears risk, including possible loss of capital. +Title, + +I’m moving into my own flat soon and I’m choosing what sofas, kettles etc… what should I cheap out on and what should I spend on? + +Also include anything that might be worthwhile to buy that I may have not thought of… +What is your companies maternity leave policy? + +My company offers 12 weeks at 90% pay and then 27 weeks at stat pay \~140/week, it tapers to unpaid leave. + +I've heard this is bad because it's an American based company. Wondering if it's worth trying to find a better company as I look to mat leave. +Hi all, + +Not sure if this is the correct sub reddit but it’s linked to income + +Really interested to understand what people’s drivers are for being career focused? What are your reasons for pursuing a career vs. Spending two years travelling the world or moving to a small town for a more relaxed way of life for example + +I ask as I’m 27 in July and I’ve always thought of myself as being highly driven and career focused but I don’t have any real career goal in sight other than to work on exciting projects and build knowledge and progress in my field. As I’ve moved up in position it’s become apparent to me that money isn’t my central driver (for ref. I’m on ~95k total package in London), but I’m not sure what’s really driving me to still have this focus. + + +Edit: a lot of responses here. It seems people have a mixture of drivers ranging from early retirement to insecurity about finances to supporting dependents to not growing up wealthy and wanting a better life to not caring about money at all and focusing only on stimulating or interesting roles + +Thanks +My girlfriend made the mistake of buying a new car outside of her means (like many others in their early 20's), and as is always the case, her life situation changed making it very difficult to stay on top of the loan. + +The loan amount was for $28,000 over 7 years at about 13% interest. At the moment she is half way through the loan term and has $17,000 balance owing. The payout quote is about $17,300. + +For some perspective, she only works 2 days a week as she is studying, receives a bit of money from the government and has no savings at all. I have a very secure job earning $50k a year with a bit over $20k in savings. + +Now that I'm financially stable myself, i've been thinking of ways I could help her get out of this debt. Seeing her have to pay $40-50 just in interest & fees every week makes me cringe, it's literally taking 2 steps forward and 1 step back every single payment. Yes, I am fully aware of the risks involved but am willing to help her out of this. + +So my first thought was to just pay the loan outright and have her pay me back over time as her financial situation improves (which it will as of next year). That way she'll only end up paying the $17k and not the ridiculous amounts of interest and fees on top of that to the bank. + +Although, I worked hard to reach my savings goals over the last year so it would be sad for me to part with all of it at once. If there is another way to go about this which would allow me to keep my earnings in my high interest savings account, I'd like to hear all about it. + +I've looked a little bit into citibank's balance transfer credit cards and think that could be an option. But don't know enough about them as of yet. + +If any of you could share some options or advice for my situation that would be much appreciated. + +Thanks in advance for all your insights. + +&#x200B; + +EDIT: Just wanted to clarify that she by no means wants or asked me to do this. It was a thought I had to benefit her and our future together. + +EDIT2: This thread just turned into over-the-top relationship advice that I didn't need or ask for. This sub seems very selfish when it comes to their money, with no willingness to help others find financial independence - even loved ones... Which helped me make my decision to not be like that, I'll be putting OUR happiness as a couple first. +Considering upgrading to larger house in VHCOL market this year. Have been pulling together capital without incurring tax consequences and have just under $1mm cash for a down payment. Not in a huge rush and kind of want to see how see how the spring buying season plays out since the appreciation in the areas we are looking at has been absurd over the last 2 years and If it continues to accelerate double digits I’d probably pass. So maybe buying in 3 months to a year. Is best option just to park the money in a .5% high yield savings account? +I get a hit of motivation structuring goals around having a beautiful home, fast cars, and creating memorable experiences with my friends and family. + +But those thoughts seem to be constantly conflicted with the fact that that there are people on this earth, in my city, with far, far less than I have. + +How do you balance your own happiness with giving back to the world around you? +At a certain level of wealth where you can buy more time and influence, I'm curious how folks here spend their personal time and/or money to give back to their communities or make the world a better place. + +Do you donate a percentage of your income? Mentor or volunteer somewhere? Do you find it more or less fulfilling than your income producing ventures? +I interned for a company 2 years ago, and through that internship I connected with some people and I still stay connected to some of them. I started work as an engineer last year with a salary of $67k, and I got a raise this year to $69k. I was talking to some of my intern buddies and they were supposed to start at the same salary I started at, but I found out that HR emailed all of them unprompted and said their salary is getting increased to $72k due to the market. Obviously this doesn't seem fair as they have a year less experience than me and will be making more money than me for practically the same job. I know I am new and don't have too much leverage, but is this worth taking up to my boss? + +That $3k difference would turn into $4k in 10 years with the basic 3% raise, and $5.5k in 20 years. It would be even more when factoring raises like promotions. Making the more money wouldn't change my lifestyle obviously, I just don't want people with less experience than me making more. Is this worth bringing up or should I just accept it? +The SEC anonymous document: + +https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf + +This footnote can be found in page 1 and it shouldn’t be overlooked! + +“1 Historically, when the issue of Wall Street firms selling stock they do not own has been brought to the attention of large Wall Street firms and the financial media they own, their response has been to shoot the messenger so the truth of the message can be ignored. +This has played out time after time when the subject has been addressed and those commentators who have continued to call for Wall Street to stop the practice have been pressured by the industry to drop the issue. The DTCC has publicly published information to discredit economists who have written about the subject. +###Even the former Chairman of the SEC, Harvey Pitt claims that when he publicly discusses naked short selling, the DTCC contacts him. (Wut doin DTCC!?) +This is not the time for these types of games to be played in this country as we are facing very difficult times ahead because of the counterfeiting of U.S. assets. + +###Therefore, at this time, this report comes without an author to discuss, leaving only the data to discredit. All data is supported by citations and is easily reproducible to verify the accuracy of the information.” +tl:dr; [https://www.graphvega.com/](https://www.graphvega.com/) is an open sourced platform for visualizing options trades. + +Hey everyone, + +After diving into options and spending some time on reddit, I noticed how most people (especially the folks down at algotrading) love to create their own tools for their trades. Though options profit calculators exist, non of them were open sourced and thus they didn't allow anyone to build custom functionality/features that helps their specific trading style. So I decided to build this as a project to fill this need (and for fun too!). + +It can analyze the P/L of an options position with variation in the stock price under changes in volatility and days till expiry. Additionally, you can add shares of the underlying as well, so you can better analyze positions that have shares in them too. + +Some features I hope to add over time are charts for the greeks of the options position when volatility/days till expiry changes and amount of underlying required at each price to hedge delta. + +Here's a gif of it in action: + +https://i.redd.it/4uo929mlpnh61.gif + +You can find the app on GitHub, where the instructions on how to install it on your machines are given. Though the link at the top has links to the GitHub repo, here's a direct link to it: [https://github.com/rahuljoshi44/GraphVega](https://github.com/rahuljoshi44/GraphVega) + +Hope you guys find it useful! I've got to say, it was pretty fun to make this over the winter break. It improved my understanding of options, especially when I tested it on many different looking options positions to see how it behaves. I would love to hear your thoughts/feedback about the app! + +Thanks all in advance, happy trading (even though America is closed today) + +&#x200B; + +EDIT: For those of you who got it, you can install any updates made to the software by switching to main directory and running the command "git pull". There is a change this will erase any changes you made to the files however. Hope you guys liked it. +You can see the glass half full or half empty. If you believe that your favorite cryptocurrency will get back to its ATH here is how much it would be worth with a 1K USD investment. Glass empty crowd here is how much some of these coins has dropped from ATH. + +For example, for BTC a 1K investment now, if and when it reaches back to its ATH would be 3.4K. For ETH it would be 4.3 K and for something like DOT it would be 7.8 K or HNT it would be 5.9K. + +table is ranked by marketcap. +&#x200B; + +|name |Amount from 1000 if ATCH |% Price Drop from ATH |date since ATH |% to ATH | +|:-----|:------------------------|:---------------------|:--------------|:--------| +|BTC |3,496.50 |-71.40% |7 months ago |249.7% | +|ETH |4,394.50 |-77.24% |7 months ago |339.4% | +|BNB |3,037.00 |-67.07% |1 year ago |203.7% | +|XRP |10,518.00 |-90.49% |4 years ago |951.8% | +|ADA |6,748.70 |-85.18% |10 months ago |574.9% | +|SOL |7,554.80 |-86.76% |7 months ago |655.5% | +|DOGE |10,734.30 |-90.68% |1 year ago |973.4% | +|DOT |7,854.30 |-87.27% |8 months ago |685.4% | +|TRX |3,447.20 |-70.99% |4 years ago |244.7% | +|SHIB |8,381.30 |-88.07% |8 months ago |738.1% | +|LEO |1,384.40 |-27.76% |4 months ago |38.4% | +|WBTC |3,573.60 |-72.02% |7 months ago |257.4% | +|AVAX |8,398.60 |-88.09% |7 months ago |739.9% | +|STETH |4,490.90 |-77.73% |7 months ago |349.1% | +|MATIC |6,164.30 |-83.78% |6 months ago |516.4% | +|LTC |8,002.00 |-87.50% |1 year ago |700.2% | +|FTT |3,376.70 |-70.38% |9 months ago |237.7% | +|OKB |3,509.60 |-71.51% |1 year ago |251% | +|LINK |8,405.10 |-88.10% |1 year ago |740.5% | +|CRO |8,381.10 |-88.07% |7 months ago |738.1% | +|XLM |8,014.50 |-87.52% |4 years ago |701.5% | +|NEAR |5,976.60 |-83.27% |5 months ago |497.7% | +|ATOM |5,298.00 |-81.12% |5 months ago |429.8% | +|UNI |8,966.10 |-88.85% |1 year ago |796.6% | +|XMR |4,463.60 |-77.60% |4 years ago |346.4% | +|ALGO |11,334.40 |-91.18% |3 years ago |1033.4% | +|BCH |35,200.60 |-97.16% |4 years ago |3420.1% | +|ETC |11,109.70 |-91.00% |1 year ago |1011% | +|TFUEL |13,061.00 |-92.34% |1 year ago |1206.1% | +|XCN |2,150.80 |-53.51% |1 month |115.1% | +|VET |12,209.70 |-91.81% |1 year ago |1121% | +|FLOW |27,179.50 |-96.32% |1 year ago |2617.9% | +|SAND |7,118.60 |-85.95% |7 months ago |611.9% | +|APE |5,766.70 |-82.66% |2 months ago |476.7% | +|XTZ |5,922.10 |-83.11% |9 months ago |492.2% | +|FRAX |1,137.70 |-12.11% |1 year ago |13.8% | +|HBAR |9,099.10 |-89.01% |9 months ago |809.9% | +|ICP |127,159.70 |-99.21% |1 year ago |12616% | +|MANA |6,619.40 |-84.89% |7 months ago |561.9% | +|FIL |43,456.90 |-97.70% |1 year ago |4245.7% | +|THETA |12,885.20 |-92.24% |1 year ago |1188.5% | +|TUSD |1,616.80 |-38.15% |3 years ago |61.7% | +|AXS |11,411.80 |-91.24% |7 months ago |1041.2% | +|EGLD |10,349.80 |-90.34% |7 months ago |935% | +|BSV |8,924.00 |-88.79% |1 year ago |792.4% | +|HNT |5,920.20 |-83.11% |7 months ago |492% | +|EOS |23,529.80 |-95.75% |4 years ago |2253% | +|KCS |3,321.40 |-69.89% |7 months ago |232.1% | +|AAVE |11,000.70 |-90.91% |1 year ago |1000.1% | +|MKR |6,879.30 |-85.46% |1 year ago |587.9% | +|BTT |3,919.60 |-74.49% |5 months ago |292% | +|QNT |7,293.90 |-86.29% |9 months ago |629.4% | +|MIOTA |19,228.10 |-94.80% |4 years ago |1822.8% | +|XEC |9,674.40 |-89.66% |10 months ago |867.4% | +|10SET |1,700.80 |-41.20% |1 year ago |70.1% | +|ZEC |56,018.40 |-98.21% |5 years ago |5501.8% | +|GRT |29,605.80 |-96.62% |1 year ago |2860.6% | +|HT |8,852.70 |-88.70% |1 year ago |785.3% | +|KLAY |18,355.90 |-94.55% |1 year ago |1735.6% | +|FTM |13,368.00 |-92.52% |8 months ago |1236.8% | +|SNX |10,225.80 |-90.22% |1 year ago |922.6% | +|RUNE |10,082.10 |-90.08% |1 year ago |908.2% | +|PAXG |1,236.90 |-19.15% |1 year ago |23.7% | +|GT |3,203.00 |-68.78% |1 year ago |220.3% | +|BAT |4,791.70 |-79.13% |7 months ago |379.2% | +|NEO |23,588.60 |-95.76% |4 years ago |2258.9% | +|AR |7,518.10 |-86.70% |7 months ago |651.8% | +|ZIL |6,524.10 |-84.67% |1 year ago |552.4% | +|CHZ |8,734.20 |-88.55% |1 year ago |773.4% | +|WAVES |11,457.90 |-91.27% |3 months ago |1045.8% | +|STX |8,763.80 |-88.59% |7 months ago |776.4% | +|GMT |4,963.30 |-79.85% |2 months ago |396.3% | +|DFI |6,176.70 |-83.81% |6 months ago |517.7% | +|LRC |9,587.70 |-89.57% |7 months ago |858.8% | +|BIT |7,157.80 |-86.03% |7 months ago |615.8% | +|ENJ |9,658.50 |-89.65% |7 months ago |865.9% | +|DASH |34,726.60 |-97.12% |4 years ago |3372.7% | +|XAUT |1,139.60 |-12.25% |1 year ago |14% | +|KSM |12,367.40 |-91.91% |1 year ago |1136.7% | +|AMP |12,970.10 |-92.29% |1 year ago |1197% | +|CAKE |14,135.00 |-92.93% |1 year ago |1313.5% | +|EVMOS |3,211.30 |-68.86% |2 months ago |221.1% | +|GALA |15,225.40 |-93.43% |7 months ago |1422.5% | +|CELO |11,137.90 |-91.02% |10 months ago |1013.8% | +|KAVA |5,181.80 |-80.70% |10 months ago |418.2% | +|XEM |44,821.30 |-97.77% |4 years ago |4382.1% | +|HOT |14,753.60 |-93.22% |1 year ago |1375.4% | +|CEL |9,022.30 |-88.92% |1 year ago |802.2% | +|MINA |14,499.50 |-93.10% |1 year ago |1350% | +|XDC |7,542.90 |-86.74% |10 months ago |654.3% | +|1INCH |13,796.00 |-92.75% |8 months ago |1279.6% | +|FXS |8,806.60 |-88.64% |5 months ago |780.7% | + +TLDR; are you a glass half full or empty? If you think your crypto will reach its all time high again then its a simple decision. 1K in BTC 3.4K and 1K in LRC is 9.5 K. Half empty, LRC is down 89% and BTC is down 71% + +ctrl+f and find your fav coin. + +addendum: as pointed below - for shit & giggles here is how it would look like for the infamous LUNA classic: + +current is: 0.0001288 assuming ATH was ~ 115 + +892,857,142.9 +Come on Kenny, if the price hits $1,000 I'll snip my balls. I mean it - those little swimmers will have no where to go and all you need to do G is take your foot off the brakes. + +My balls are blue as all hell from the constant tit jacking so consider this a pressure release. I've been putting this off and lifting off to the moon will push me over the point of no return. + +Snip snip Kenny, your move. +I rarely post and I'm going to make it short and sweet. + + +I have been waiting patiently after price broke out of the previous downtrend and had a big run up to $200. I had a previous post where I expected this to happen from $86, but price traded a little lower before going up. + + +Ever since then, we have been in a slow retracement. This is very very good because it shows there's a lack of shorting volume compared to the previous run. Less shorting volume means bulls are overall in control here. + + +Now the reason why it's slowly retracing is because big players are accumulating and waiting for their main orders to be filled within demand. The demand was created during a pivot continuation pattern when price was heading up to $200. This is where there's a lot of institutional orders waiting to be filled. Now we're in demand, it's best to look for bullish market structure being made in this area of the market. But I anticipate buying volume to be picking up in this area. + + +This zone is between $137.62 and $127.06. If the price manages to break below $127.06, then this TA is invalidated and the next zone is around $97. I do not think price will keep falling. It's very probable that we're about to see bullish movements soon. + + +Strap in. + + +&#x200B; + +[GME 4Hr Chart](https://preview.redd.it/l7gylx3qg4v81.png?width=1834&format=png&auto=webp&s=2f3f1ee9220ae6eae17d2d33f488141f6a4bba5f) +She’s done it for pretty much everything and she never lacks, she’s the most frugal person I know but can also spend on some really silly things that she see’s on TV. + +I just wanted to know everyone else’s rules for saving are +Have an interesting, want to fatFIRE, but still renting situation. My understanding is that it is almost impossible to get a home mortgage if you don't have a job, regular income, pay stubs to show the bank. How do high net individuals, who are not currently working, and don't want to liquidate assets (to pay all cash), go about getting enough credit to purchase a home at a decent interest rate. Assuming there is enough cash on hand to cover a 25-30% down payment. +So I am posting this on a throwaway account for personal reasons. fatFire is something my spouse and I have been planning on for the last 10 years and built up a NW of 5M with about 500K being liquid, and the rest tied up on land and equipment (I'm an active farmer). Now that 5M is a rough estimation as we still owe about 800K on a piece of ground that has a 30 year fixed loan. + +Anyways beyond farming I also dabbled in software development. I ended up creating a pretty useful tool for the livestock industry that is saving companies a boatload of costs each year. It is pretty much a white label piece and just collects the yearly payment. I was approached by a company very well known in the industry that wants to buy the program out. The total amount would be roughly 100M with half of that being cash and half being company stock. So 50M cash would and 50M company stock. + +I'm figuring well half of that cash is gone right away to Uncle Sam which would leave me bout 25M cash. That's life-changing plain and simple for us. We live in a fly over state, house is worth maybe 100K small community etc. We talked about it and neither of us want to stop doing what we do for work. The wife enjoys her job, I love what I do. Our thought has been maybe use some of that cash to completely pay off the remaining loan on the piece of ground we are paying on and then just stuff the rest into some retirement investments. + +What would you do? Where would you put this money? Possibly set up a trust? + +My plan is to go speak to my CPA and an attorney but when dealing with that kind of money in this area seems like I need to be informed going into it to avoid being screwed over. + + +Edit: We will also be inheriting roughly 2-3M worth of land from family down the road. +Hi all -- been following this sub for a long time and thought this might be a good place for some advice. I founded a small business when I was 29 that slowly evolved into a small tech company, which we sold to a Fortune 5 this past February. It was enough to return money to investors, provide a handsome windfall to employees, and leave me with about $2.1M. + +I was dismissed by our acquirer about five weeks post acquisition, after which I bounced around Europe for a month, and now I'm back home and trying to figure out what to do next. I don't have enough to retire outright, nor do I want to. + +Like many founders, due to lack of both time and money plus an abundance of stress, I neglected many personal goals in the nine years I spent running my company. This post was inspired in part by a post here that's trending about a guy who took a year long sabbatical. + +I'd love to do the same -- use the time to get in better shape, read a ton, reconnect with friends and maybe even begin a longterm relationship -- but I'm battling the inner restlessness that I believe is a part of the classic founder personality type. + +So for those of you further down the path to FatFIRE, what would you do if you were me? +I'm going to create a database for personal use, that permanently blacklists all bullish equity analysts that recommended NKLA stock. Accountability is an important thing. Is there any good website to scrape this data? When you go to finviz they display recent analyst views on stocks, for NKLA see below: + +"Aug-26-20 **Initiated** Wedbush Neutral $45 +Jul-16-20 **Initiated** Deutsche Bank Hold $54 +Jul-08-20 **Upgrade** JP Morgan Neutral Overweight $45 +Jul-07-20 **Initiated** RBC Capital Mkts Sector Perform $46 +Jun-22-20 **Initiated** JP MorganNeutral $45 +Jun-17-20 **Initiated** CowenOutperform $79" + +However there isn't an option on FINVIZ to click on the report or attribute authorship of the rating. Is there a web resource where it is easily accessible, or do I need to go to each institution for access? + + +Thanks and happy investing! +This is what the historical charts say. The covid flash crash being the major exception - a prolonged bleed of -25% takes at very minimum 4 years to recover, and from 2000 you could say it took 12 years to finally get and stay above ATHs +[link](https://www.gmo.com/americas/research-library/entering-the-superbubbles-final-act/) + +[Who exactly is Jeremy Grantham?](https://en.wikipedia.org/wiki/Jeremy_Grantham) + +Text: + +>**Executive Summary** + +> Only a few market events in an investor’s career really matter, and among the most important of all are superbubbles. 1 These superbubbles are events unlike any others: while there are only a few in history for investors to study, they have clear features in common. + +> One of those features is the bear market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst. This in all three previous cases recovered over half the market’s initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. This summer’s rally has so far perfectly fit the pattern. + +>The U.S. stock market remains very expensive and an increase in inflation like the one this year has always hurt multiples, although more slowly than normal this time. But now the fundamentals have also started to deteriorate enormously and surprisingly: between COVID in China, war in Europe, food and energy crises, record fiscal tightening, and more, the outlook is far grimmer than could have been foreseen in January. Longer term, a broad and permanent food and resource shortage is threatening, all made worse by accelerating climate damage. + +>The current superbubble features an unprecedentedly dangerous mix of cross-asset overvaluation (with bonds, housing, and stocks all critically overpriced and now rapidly losing momentum), commodity shock, and Fed hawkishness. Each cycle is different and unique – but every historical parallel suggests that the worst is yet to come. + +*** + +&nbsp; + +>**The Times that Really Matter for Investors** + +> Most of the time (85% or thereabouts) markets behave quite normally. In these periods, investors (managers, clients, and individuals) are happy enough, but alas these periods do not truly matter. It is only the other 15% of the time that matters, when investors get carried away and become irrational. Mostly (about 12% of the time 2 ), this irrationality is excessive optimism, when you see meme stock squeezes and IPO frenzies, such as in the last 2 years; and just now and then (about 3% of the time), investors panic and sell regardless of value, as they did at 666 on the S&P in 2009 and with many stocks trading at a 2.5 P/E in 1974. These times of euphoria and panic are the most important for portfolios and the most dangerous for careers. (Keynes’ famous Chapter 12 would suggest that when confronted with a bubble, running off the cliff with company is the safest strategy for managers, whose business imperative, after all, is to be a permabull, where the real money can be made. This is a strategy adopted reasonably enough by almost everyone. 3 ) + +>This 15% is very different from ordinary bull and bear markets. Averaging ordinary bull and bear markets with this handful of outliers dilutes the data and produces misleading signals. My strong suggestion is to treat the superbubbles – 2.5 to 3 sigma events – as special, collectively unique occasions. It is as if there is a phase change in investor behavior. After a long economic upswing and a long bull market, when the financial and economic systems look nearly perfect, especially with low inflation and high profit margins, as does the friendliness of the authorities, especially toward cheap leverage, there gets to be a flashpoint, like that summer evening when every last flying ant takes off simultaneously. This effect luckily creates measurable events in the market. So you can see the explosion of confidence and speculation and crazy wishful thinking regardless of value however you wish to define it. And outcomes from this unique group of superbubbles (just three in modern times in the U.S. before this current one) are indeed special: the much discussed (by us) divergence between conservative and speculative stocks; the rapid bear market rallies discussed later here; the rapid onset of recession (3 out of 3 incidents to date, with 1 mild – 2000 – and the other 2 – 1929 and 1972 – severe); and finally, the much increased probabilities of further unexpected financial and economic accidents. + +>We’ve been in such a period, a true superbubble, for a little while now. And the first thing to remember here is that these superbubbles, as well as ordinary 2 sigma bubbles, have always – in developed equity markets – broken back to trend. The higher they go, therefore, the further they have to fall. + +&nbsp; + +>**The Stages of a Superbubble** + +>My theory is that the breaking of these superbubbles takes multiple stages. First, the bubble forms; second, a setback occurs, as it just did in the first half of this year, when some wrinkle in the economic or political environment causes investors to realize that perfection will, after all, not last forever, and valuations take a half-step back. Then there is what we have just seen – the bear market rally. Fourth and finally, fundamentals deteriorate and the market declines to a low. + +>Let’s return to where we are in this process today. Bear market rallies in superbubbles are easier and faster than any other rallies. Investors surmise, this stock sold for $100 6 months ago, so now at $50, or $60, or $70, it must be cheap. Outside of the late stage of a superbubble, new highs are slow and nervous as investors realize that no one has ever bought this stock at this price before: so it is four steps forward, three steps back, gingerly exploring terra incognita. Bear market rallies are the opposite: it sold at $100 before, maybe it could sell at $100 again. + +>The proof of the pudding is the speed and scale of these bear market rallies. + +>1. From the November low in 1929 to the April 1930 high, the market rallied 46% – a 55% recovery of the loss from the peak. +2. In 1973, the summer rally after the initial decline recovered 59% of the S&P 500's total loss from the high. +3. In 2000, the NASDAQ (which had been the main event of the tech bubble) recovered 60% of its initial losses in just 2 months. +4. In 2022, at the intraday peak on August 16th, the S&P had made back 58% of its losses since its June low. Thus we could say the current event, so far, is looking eerily similar to these other historic superbubbles. + +&nbsp; + +>**Fundamentals Threaten to Fall Apart** + +>Economic data inevitably lags major turning points in the economy. To make matters worse, at the turn of events like 2000 and 2007, data series like corporate profits and employment can subsequently be massively revised downwards. It is during this lag that the bear market rally typically occurs. + +>Why are the historic superbubbles always followed by major economic setbacks? Perhaps because they occurred after a very extended build-up of market and economic forces – with a major surge of optimism thrown in at the end. At the peak, the economy always looks near perfect: full employment, strong GDP, no inflation, record margins. This was the case in 1929, 1972, 1999, and in Japan (the most important non-U.S. superbubble). The ageing cycle and temporary near perfection of fundamentals leave economic and financial data with only one way to go. + +>Our “Explaining P/E” 4 exhibit says something similar. The first leg down in today’s superbubble was “explained” by rising inflation, which has been the main driver of historical valuations, after an unprecedented lag during the second half of 2021. (Although the most speculative stocks were hit fast and hard from the beginning of 2021.) If anything, the question for us at GMO is why such a historic inflation surge in 2021 did not immediately hit broad market P/Es more substantially: new players in the stock market unfamiliar with inflation? Excessive belief in the Fed’s ability to support markets and hence too much faith that inflation would be transitory? The next leg for the model is likely to be driven by falling margins. Our best guess is that the level of explained P/E will fall toward 15x, compared to the current level of explained P/E of just under 20x, while the actual P/E just rose from 30x to 34x in mid-August in what was probably a bear market rally. (Of course, if the model is indeed driven by falling margins in the near future, then the E will fall as well as the P/E. As you can see, this would imply a substantially lower market than even we have suggested!) + +&nbsp; + +>**GMO “Explaining P/E” Model** + +[image](https://i.redd.it/c7gj77orzcl91.jpg) + +>Entering the Superbubbles Final Act_8-22_Exhibit 1.JPG + + + +>As of 7/20/2022 | Source: GMO + +>My papers, “Waiting for the Last Dance” and “Let The Wild Rumpus Begin,” made a simple point: in the U.S., the three near perfect markets with crazy investor behavior and 2.5+ sigma overvaluation have always been followed by big market declines of 50%. The papers said nothing about fundamentals except to expect some deterioration. Now here we are, having experienced the first leg down of the bubble bursting and a substantial bear market rally, and we find the fundamentals are far worse than expected. + +>The whole world is now fixated on the growth-reducing implications of inflation, rates, and wartime issues such as the energy squeeze. In addition, there are several less obvious short-term problems. Meanwhile, the long-term problems of demographics, resources, and climate are only getting worse and now are beginning to bite even in the short run. + +&nbsp; + +>**Near-Term Problems** + +>* The food/energy/fertilizer problems, exacerbated by the war in Ukraine, are even worse in the emerging world (especially Africa) than the European energy problems we have heard about. Russia and Belarus account for 40% of global exports of potash, a key fertilizer, driving wheat/corn/soybean prices to records earlier this year. Increased food and energy prices are causing acute trade imbalances and civil disorder in the most vulnerable countries, as seen for example in the extremely rapid virtual collapse of the Sri Lankan economy. The energy shock is now all but guaranteed to tip Europe into recession; while the U.S. market has a long history of ignoring foreign problems and interactions, global growth is assuredly coming down. +* In China, which has carried by far the biggest load of global growth for the last 30 years, too many things are going wrong at the same time. The COVID pandemic continues, massively affecting its economy. Simultaneously, the Chinese property complex – key to Chinese economic growth – is now under dire stress. This real estate weakness is mirrored around the world, with U.S. homebuilding for example now declining rapidly to well below average levels, as perhaps it should given the record unaffordability of new mortgages. The situation looks even worse in those countries where mortgages are typically floating rate. Historically, real estate has been the most important asset class for economic stability. +* We are coming off one of the greatest fiscal tightenings in history as governments withdraw COVID stimulus, both in the U.S. and globally. Historically, there has been a strong relationship between fiscal tightening and subsequent decline in margins (see Appendix). At the same time, the new U.S. excise tax on stock buybacks looks like a harbinger that the U.S. government is beginning to shift its attitude toward the eternal battle between labor and capital (which capital has been winning for many decades now). This may even flow through in time to renewed antitrust action, which would be fantastic for consumers but less fantastic for stock investors. + +&nbsp; + +>**Longer-Term Problems** + +>* Population: workers are beginning to be in short supply and will stay that way for the indefinite future in China and the developed world, where no single country is producing babies at replacement rate. 5 Together with rapid ageing, this will be a drag on growth and a push on inflation. Resources: many metals, especially those required for decarbonizing, are in an unavoidable squeeze, lacking sufficient reserves – which currently are a mere 5-20% of what is needed 6 – and capex is woefully low. It simply does not compute, and it makes clear that our existence in any faintly satisfactory condition will depend on our sustained success with replacement, recycling, and new technologies. A second critical resource shortage is fertilizer. Potash and phosphate, both currently mined and both necessary for all life, are: a) finite; and b) very unevenly distributed: Morocco controls 75% of the world's best phosphate, and Russia and Belarus mine 45% of current potash with even more than that mined in Canada. Food: with deteriorated and eroded soil, freshwater shortages, and increasingly resistant pests, food productivity is slowing down even as African population growth outweighs the slowdown elsewhere. The UN global food index was recently at an all-time high. +* Climate can be seen this year as in danger of spiraling out of control. Never before have major droughts, and dangerously high temperatures and fires, beset China, India, Europe, and North America at the same time. This is severe enough to act as a drag on global GDP: the Rhine, which moves nearly 20% of German heavy traffic, is closed by drought; French nuclear power stations have had to reduce production because rivers are too hot to be used for cooling; China has had to halve its hydropower (18% of its electricity), which has also been reduced in Canada, Norway, India, and elsewhere by low water levels; rising temperatures in India, Asia, and parts of Africa are suddenly high enough to pose health problems for those without air conditioning and outdoor workers, especially farmers. The collective impact of difficult farming weather is beginning to impose its own global costs and may destabilize a growing number of poorer countries in the near future. It is all happening so much faster than anyone expected 10 years ago. +* All that is to say: these long-term negative issues that I have kept at the back of my mind (and hopefully yours) for years – climate, human fertility, food, and other resources – are now becoming relevant short-term issues that bear on both inflation (upwards) and growth (downwards). Indeed, collectively, they pose a potential risk to our long-term viability. + +&nbsp; + +>**Prepare for an Epic Finale** + +> Previous superbubbles saw a much worse subsequent economic outlook if they combined multiple asset classes: housing and stocks, as in Japan in 1989 or globally in 2006; or if they combined an inflation surge and rate shock with a stock bubble, as in 1973 in the U.S. and elsewhere. The current superbubble features the most dangerous mix of these factors in modern times: all three major asset classes – housing, stocks, and bonds – were critically historically overvalued at the end of last year. Now we are seeing an inflation surge and rate shock as in the early 1970s as well. And to make matters worse, we have a commodity and energy surge (as painfully seen in 1972 and in 2007) and these commodity shocks have always cast a long growth-suppressing shadow. + +> Given all these negative factors, it is unsurprising that consumer and business confidence measures are testing historic lows. And in the tech sector, the leading edge of the U.S. (and global) economy, hiring is slowing, layoffs are rising, and CEOs are increasingly bracing for recession. Recently, we have seen a bear market rally. It has so far played out exactly in line with its three historical precedents, the bear market rallies that marked the middle phase of deflating superbubbles. If the bear market has already ended, the parallels with the three other U.S. superbubbles – so far so strangely in line – would be completely broken. This is always possible. Each cycle is different, and each government response is unpredictable. But these few epic events seem to act according to their very own rules, in their own play, which has apparently just paused between the third and final act. If history repeats, the play will once again be a Tragedy. We must hope this time for a minor 7 one. +Me in 2017 after the crash - “Hey dad you should look into this crypto thing I think it’s the future.” + +Me 2020 March crash - “Hey dad you should put some of your stimulus check into Bitcoin.” + +Dad April 2021 (with no crypto at this point) - “Hey son I just put $1000 into dogecoin at $0.30.” +Not sure if this is the right sub for this, maybe someone can point me in the right direction. + +My lease is up with current real estate as of a few days ago, so we're currently month to month. + +Over 3 weeks ago I emailed them asking for a rental reduction if we are to continue renting here as every other house in our area is way cheaper now. +They keep dodging my email by saying "we'll get back to you" (my real estate is VERY dodgy so I was kinda expecting this) they ignored my last email all together which was sent lat Monday. + +At this point we're looking at just moving out but ny question is do they have any legal responsibility to respond to my request? +Hi everyone! + +I work as a software engineer at a tech company, let’s say company A, and I was recently interviewed and got an offer from tech company B. My situation is like this: + +Company A: 90k w/ 35k stocks + +Company B: 120k w/ 70k stocks + +I’m quite comfortable where I am and the culture works great for me. Obviously the jump in salary would be great, but I’m scared because of tendencies of redundancies in company B; not quite familiar with how they’re doing. I feel very secure in my current role and I’m very scared to go through “probation” again and risk being jobless. + +Any advice? + +Edit: format +To start, this is not financial advice. I don't know shit. + +Luckily, due to the way the math works out, it doesn't matter how little you bring to the party. All that matters is that you come! + +I'm tired, and I made this graph in a couple of minutes, but I hope it gives an idea on how this whole thing works. + +https://preview.redd.it/eotpju50adr71.png?width=481&format=png&auto=webp&s=196d3d2c2c2b49ad05b579d0687d211cb55f4902 + +The orange line is the number of shares we need in CS per profile in order to lock up a float of 72m shares. The blue line is an arbitrary line I made up that started at 100, and decreases by 0.5% every 10,000 profiles. So, the point where those two lines meet is when the MOASS happens. + +What I hope this illustrates is that even if you lower the average number of held shares per profile, when you DRS your shares, you lower the average number of shares needed more than you lower the average held, and that is all that really matters. + +It may take longer than if we were all massive whales with X,XXX shares, but together apes strong. + +EtoA: There are some mistakes I made in my word choice, as some have pointed out. MOASS may or may not happen when the float is locked up. I should not have implied that. I am also not a financial advisor. This is not financial advice. + +Also, the blue line likely has a fundamental flaw. It doesn't change my point, since I purposely made the blue line as an arbitrary guideline. Assuming nobody ever sells, the total held number of shares should only ever go up. It is possible, though I haven't checked, that the blue line would cause that number to go down or stay the same instead of up. +[https://imgur.com/9OWKhdF](https://imgur.com/9OWKhdF) + +This is the work of many apes. Thank you, all of you for sharing this info with me! Extra shout out to [u/da\_squirrel\_monkey](https://www.reddit.com/u/da_squirrel_monkey/), [u/Working-Yesterday243](https://www.reddit.com/u/Working-Yesterday243/) and [u/PutPsychological8698](https://www.reddit.com/u/PutPsychological8698/). It's like a wiki, so please let me know if anything is incorrect or outdated. And share your experiences with brokers! + +# DRS FAQs + +**1. What can I do if my broker cannot transfer using DRS?** Some brokers won't allow DRS transfers, but they might allow broker to broker transfers. If that's the case, you could transfer from your current broker to an international broker such as TradeStation, XTB or IBKR, then ComputerShare. If you want to do more, you can complain about this to your country's Financial Arbitrator/Ombudsman. [Here's the list of Eurpoean Financial Arbitrators](https://finarbitr.cz/en/dispute-resolution/cross-border-disputes-eu.html). + +**2. My broker doesn't know what a DRS transfer is, now what?** Use these 3 points to help your broker understand: **1.** Ask specifically for a DRS transfer to ComputerShare US and to check with their back office about this. **2.** Remind them that ComputerShare is a transfer agent and not a broker, so they cannot initiate the transfer. **3.** Tell them it needs to be a [DTC W/T Transmission](https://i.redd.it/8etn8d0xzqn71.jpg). (W/T means Withdrawal by Transfer!) + +**3. My DRS transfer is taking forever what should I say?** [Here's how to Karen them into doing their job](https://i.redd.it/myhs1sxhfvt71.jpg). + +**4.** **Is there a way to get a share from any country in the world, without using a broker?** [Anyone Can use Give A Share](https://www.giveashare.com/stock.asp?buy=gamestop-stock). Or if you have a friend with shares in ComputerShare, they [can gift you a share to get your account set up](https://www.computershare.com/us/Pages/giving-stock.aspx) + +**5.** **How do I DRS GS2C shares?** IBKR have stopped converting GS2C into GME. If you're in Germany Postbank is still offering this service for €50. + +**6. Can I speed up the snail mail / delivery times?** If your account has less than 10 shares Computershare can provide your account number over the phone, skipping the need for the first letter (otherwise you can expedite the first letter for $45). The second letter with the verification code can be sped up for a fee of $30, they will send you an email with the pin within 48 hours. + +**7. How do I call ComputerShare?** Here are ComputerShare's GME specific numbers: **In the US** you can call toll free on 800 522 6645. If you are **oustide of the US**: ComputerShare have made a free phone number for GME! The number is: + 800 3823 3823. Most EU countries can call this number, the full list can be found in the [ComputerShare FAQ](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies). It's the 5th FAQ down. If your country is not on that list, you can use a Skype free trial or a similar web calling platform. + +**8.** **How Should I register my shares after I have my ComputerShare account?** Both plan and book shares are removed from the DTC. But plan shares are held with ComputerShare and can allow fractionals for that reason. Book shares are held in your name only. If you want to convert your plan shares to book them, [follow this guide](https://www.reddit.com/r/GMEJungle/comments/rn4eh8/computershare_step_by_step_instructions_to_change/) from u/thewwwyzzardd. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# BROKERS THAT CAN DRS TRANSFER + +1. **Ally Invest** 🇺🇸 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-ally) $115 fee. Thanks u/Bonesaparte +2. **Alpaca** 🇵🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-ally) Thanks u/Apprehensive-Donkey3 +3. **Avanza** 🇸🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-avanza) YOU NEED A CS ACCOUNT NUMBER $0 fee. Thanks u/MustbetheEvilTwin +4. **Avenue** 🇧🇷 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-avenue) US$150 fee. Thanks u/rockertseeker +5. **Baader Bank** 🇩🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-baader-bank) $5 fee +6. **BCEE** 🇱🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-bcee) thanks u/luxowoman +7. **BMO** **Investorline** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-bmo-investorline) $0 fee +8. **Cashapp** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-cash-app) $0 fee +9. **Chase/JP Morgan** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-jp-morgan-chase) $0 fee +10. **Charles Schwab** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-charles-schwab) $0 fee +11. **Charles Stanley** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-charles-stanley) £50 fee. Thanks u/Hooded-Redditor +12. **CIBC** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-cibc) $50 fee. Thanks u/PoMo-G +13. **Citi Bank HK** 🇭🇰 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-citibank-hk) YOU NEED A CS ACCOUNT NUMBER $50 fee +14. **Citi Bank US** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-citibank-us) $0 fee +15. **Commsec** 🇦🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-commsec) $0 fee +16. **Crédit Mutuel** 🇫🇷 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-cr%C3%A9dit-mutuel) €40 fee +17. **Danske Bank** 🇩🇰 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-danske-bank) 400DKK fee. Thanks u/Ashage +18. **DIRECTA SIM** 🇮🇹 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-directa-sim) YOU NEED A CS ACCOUNT NUMBER $75 fee +19. **Disnat** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-disnat) $150 fee. +20. **DKB** 🇩🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-dkb) YOU NEED A CS ACCOUNT NUMBER. $0 fee. Thanks u/TheDocJekyll69 +21. **DNB** 🇳🇴 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-dnb) NOK2000 Fee. Thanks u/Fiksdal +22. **E\*Trade** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-dnb) $500 deposit, which may or may not be charged. Thanks u/jforest1 and u/JustAnuthaLooser +23. **Fidelity** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-fidelity) $0 fee +24. **FirsTrade** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-firstrade) $215 Fee. Thanks u/tubaman23 +25. **Flatex** 🇩🇪 🇦🇹 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-flatex) €80/hour fee. Thanks u/Critical-Turnover858 +26. **Flink** 🇲🇽 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-flink) $130 fee. Thanks u/tiacuache_bebe +27. **Halifax** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-halifax) $0 fee. Thanks u/Rat-Soup-Eating-MF +28. **Hatch** 🇳🇿 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-hatch) NZ$130 fee. Thanks u/HatchInvestTeam +29. **HSBC UK** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-hsbc-uk) £55 fee. Thanks u/Sgt_Bizkit +30. **IBKR/Interactive Brokers** 🌎 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-interactive-brokers) $5 fee. [Guida italiana](https://www.reddit.com/r/Superstonk/comments/pzvc4z/italian_ape_here_wanting_to_help_other_italian/) +31. **IG Australia** 🇦🇺 🇿🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-ig-australia) $50AU fee. Thanks u/FriskyGrub +32. **IG UK** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-ig-australia) $0 fee. Thanks u/Similar-Musician +33. **iWeb** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-iweb) $0 fee. Thanks u/Rat-Soup-Eating-MF +34. **Lloyds** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-lloyds) $0 fee. Thanks u/Rat-Soup-Eating-MF +35. **Lynx** 🇨🇿 🇩🇪 🇳🇱 🇸🇰 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-lynx) $5 fee +36. **M1 Finance** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-m1-finance) $215 fee +37. **Merril Edge** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-merril-edge) $25 fee. Thanks u/Strooticus +38. **MeXeM** 🇳🇱 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-mexem) $5 fee. Thanks u/patrickvl +39. **Nabtrade** 🇦🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-nabtrade) $0 fee +40. **National Bank** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-national-bank-direct-brokerage-nbdb) US$150 fee +41. **Passfolio** 🇧🇷 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-passfolio) $130 US fee +42. **PostFinance** 🇨🇭 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-postfinance) $200 fee +43. **Public.com** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-public) $100 fee. Thanks u/Spelunkingpunk +44. **QTrade** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-qtrade) $300 fee. Thanks u/Toxsic99 +45. **Questrade** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-questrade) $300 fee +46. **Rabo Bank** 🇳🇱 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-rabobank) €55 fee +47. **Raiffeisen** 🇨🇭 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-raiffeisen) YOU NEED A CS ACCOUNT NUMBER. 86.14CHF fee (inc. VAT). Thanks u/unasinni +48. **RBC** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-royal-bank-of-canada) $50 fee +49. **Revolut** 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-revolut) $0 fee. Thanks u/bennysphere and u/AbuseUDna +50. **Saxo** **trader** 🌎 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-saxobank) [$1000 fee](https://www.help.saxo/hc/en-gb/articles/360001278346). It's €25 to transfer to another broker +51. **Scalable Capital** 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-scalable-capital) $5 fee +52. **Scotia iTrade** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-scotia-itrade) $100 fee +53. **Seibert** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-seibert) $0 fee +54. **SOFi** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-sofi) $100 fee +55. **Stake** 🇦🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-stake) $200 fee +56. **Stockal** 🇮🇳 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-stockal) $0 or $130 fee +57. **SuperHero** 🇦🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-superhero) $115 fee. Thanks u/unas_tsoftg +58. **Swissquote** 🇨🇭 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-swissquote) $200 fee +59. **T. Rowe Price** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-t-rowe-price) $15 fee +60. **TastyWorks** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-tastyworks) $115 fee +61. **TD Ameritrade** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-td-ameritrade) $0 fee +62. **TD Canadatrust** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-td-canada-trust) $80 fee +63. **TIAA Brokerage** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-tiaa) $30 fee. Thanks u/daa4th +64. **TradeStation** 🌏 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-tradestation) $25 fee. Thanks u/HelloYouBeautiful +65. **TradeZero** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-tradezero) $250 fee +66. **UBS** 🌏 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-ubs) $0 fee +67. **US Bank** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-us-bank) $0 fee. Thanks u/AccidentallySnide +68. **Vanguard** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-vanguard) $0 fee +69. **WealthSimple** 🇨🇦 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-wealthsimple) $304 fee +70. **Webull** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-webull) $115 fee +71. **Wells Fargo** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-wells-fargo) $0 fee +72. **Westpac** 🇦🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-westpac) $10 fee +73. **XTB** 🌏 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-xtb) $25 USD fee + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# NOT YET POSSIBLE + +^((Apes coming for you)) + +DUE TO KOREAN LAW NO KOREAN BROKERS CAN DRS TRANSFER. + +1. **1822direkt** 🇩🇪 NO DRS, but can transfer out +2. **ABN AMRO** 🇳🇱 NO DRS, but can transfer out. €30 fee +3. **AJ Bell** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-aj-bell) £0 fee. There is a way out +4. **ANZ** 🇦🇺 NO DRS, but can transfer out. $100 fee +5. **Belfius** 🇧🇪 NO DRS, but can transfer out +6. **BNP PARIBAS** 🇫🇷 NO DRS, but can transfer out. €100 fee +7. **Bolero** 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-bolero) There is a way out. €50 fee. Thanks u/Anth_o_ny +8. **Capital.com** 🌎 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-capital-com) Capital do not do transfers, but there is a way out +9. **CMC Markets** 🇦🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-cmc-markets) AU$100 fee. There is a way out +10. **Comdirect** 🇩🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-comdirect) There is a way out. €25 fee +11. **Commerzbank** 🇩🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-comdirect) There is a way out. €150 fee +12. **Consors Bank** 🇩🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-consorsbank) There is a way out. €30-€45 fee +13. **DeGiro** 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-degiro) There is a way out. Thanks u/Working-Yesterday243 and u/Quetzacoal. €56 fee. [Guia en español](https://www.reddit.com/r/Superstonk/comments/twqiu0/spanish_how_to_move_your_shares_from_degiro_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +14. **Eerste Bank** 🇦🇹 🇪🇺 NO DRS, but can transfer out. €49,75 fee +15. **Etoro** 🌏 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-etoro) Etoro do not do transfers, but there is a way out +16. **Exante** 🇲🇹 🇨🇾 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-exante) There is a way out +17. **Fineco** 🇮🇹 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-fineco) There is a way out +18. **Freetrade** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-freetrade) Freetrade can transfer US stocks in, but do not allow transfers out. But there is a way out +19. **Futubull** 🇭🇰 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-futubull) There is a way out. Thanks u/ggame0598 +20. **GBM** 🇺🇲 🇲🇽 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-grupo-bursatil-mexicano-gbm) There is a way out +21. **Gotrade** 🇺🇲 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-etoro) Gotrade do not do transfers, but there is a way out +22. **Hargreaves Lansdowne** 🇬🇧 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-hargreaves-lansdown) There is a way out. Thanks u/Maleficent-Rub-4805 +23. **HSBC** 🌏 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-hargreaves-lansdown) There is a way out. Thank you u/ggame0598 for [this info](https://imgur.com/ZbHZRDA) +24. **INDMoney** 🇮🇳 NO DRS, but can transfer out. Thanks u/vlskh +25. **ING** 🇳🇱 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-ing) There is a way out +26. **Interactive Investor** 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-interactive-investor) There is a way out +27. **Keytrade** 🇧🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-keytrade) There is a way out +28. **moomoo** 🇸���� NO DRS, but can transfer out +29. **Ninety Nine** 🇪🇸 NO DRS, but can transfer out +30. **Nordnet** 🇸🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-nordnet) There is a way out. 500NOK/€50 fee +31. **OnVista** 🇩🇪 NO DRS, but can transfer out. Check [this reply](https://imgur.com/a/jfQZm8l) an ape recieved +32. **OpenBank** 🇪🇸 NO DRS, but can transfer out +33. **Philips Securities (POEMS)** 🇸🇬 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-philips-securities-poems) SG$53.50 + US$50 fee. There is a way out +34. **Postbank** 🇩🇪 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-postbank) There is a way out. €0 fee. Thanks u/FrankiHollywood +35. **Rakuten Securities** 🇯🇵 NO DRS, but can transfer out +36. **Renta4** 🇨🇱 NO DRS, but can transfer out +37. **SelfWealth** 🇦🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-selfwealth) There is a way out. $110 fee +38. **Sharesies** 🇳🇿 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-sharesies) Sharesies do not do transfers, but there is a way out +39. **SmartBroker** 🇩🇪 NO DRS, but can transfer out +40. **SoFi HK** 🇭🇰 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-sofi-hk) There is a way out +41. **St. George** 🇦🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-st-george-directshares) AU$100 fee. There is a way out +42. **Stash** 🇺🇲 NO DRS, but can transfer out +43. **T212** 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-trading-212) T212 do not do transfers, but there is a way out +44. **Tiger Broker** 🌎 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-tiger-brokers) There is a way out. $150 fee +45. **Trade Republic** 🇪🇺 [**GUIDE**](https://www.drsgme.org/drs/direct-register-shares-from-trade-republic) There is a way out +46. **Vested** 🇮🇳 NO DRS, but can transfer out. Thanks u/vlskh + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# UNKNOWN + +1. **Acorn** 🇬🇧 +2. **Dad.at** 🇦🇹 +3. **Intesa Bank** 🇮🇹 +4. **JustTrade** 🇩🇪 +5. **Kreissparkasse** 🇩🇪 +6. **LPL Financial** 🇺🇲 +7. **mBank** 🇵🇱 +8. **Morgan stanley** 🇺🇲 +9. **Voya** 🇺🇲 +10. **X-O** (JarvisIM) 🇬🇧 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# AUSSIE SUPERANNUATIONS + +Check the post by u/thomascullenok. It provides a step by step guide on how you can use your **Superannuation** to buy and DRS GME shares. + +# US LLCs + +Check u/marco_esquandolass's post in the DD sub about how they're creating **liability protection** for themselves by DRSing with a **LLC in their name**. + +See how u/lalich is using **Madison Trust** to open an [LLC account in their own name](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/). + +# US IRAs + +**Can I DRS with an IRA Account?** Yes, you can either move the shares from the IRA into a regular cash account (causing a taxable event), or go to a non-broker custodian and DRS with them. *You must have a 3rd party IRA custodian for all IRA accounts. Computershare does not offer custodian services for GME shares.* + +**Will DRSing my IRA create a taxable event?** It will not as long as you are transfering to an in kind account (from IRA to IRA). Or if you bought your shares with your ROTH IRA contributions, you can withdraw the contribution at any time. It's only the earnings on the contribution that is subject to early-withdrawal tax penalty. You can also use the Roth rollover solution (links below). *Please note that transferred shares from the Roth IRA will receive a new cost basis (based on market close) and the holding period will reset (the timer for long term capital gains starts over). According to Fidelity this is IRS law*. (Thank you u/boskle!) Calculate how much tax you'd need to pay with this [IRS tax calculator](https://www.irs.gov/help/ita/is-the-distribution-from-my-roth-account-taxable). + +**Are DRS'd IRA shares removed from the DTCC?** The shares are removed from the DTCC, but the bank/custodian still has control over the shares. Because of this some apes have taken the tax hit. + +**Which IRA Provider can I DRS with and how?** It seems like a **local credit union** or any **non-broker custodian** is your best bet. ([list of reputable custodians here](https://ritaus.org/membership_directory/)): + +1. **Traditional/Roth IRA Rollover Solution** Follow u/Existing-Reference53's guide in 2 parts [Part 1](https://www.reddit.com/r/Superstonk/comments/ukialw/diy_how_to_drs_transfer_traditional_and_roth_ira/) [Part 2](https://www.reddit.com/r/Superstonk/comments/ub9twl/the_journey_to_drs_my_roth_ira_shares_the_final/) +2. **Mainstar** follow u/winebutch's [guide here](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/) +3. **IRA Finanical Trust** +4. **Horizon Trust** They use a tiered fee schedule based on account value, so it can get pricey +5. **Millennium Trust** Check u/TheFrenchestToast's post in the Jungle about them +6. [**Camaplan**](https://www.camaplan.com/direct-registration-of-stocks-drs-protect-your-securities-investment-against-brokerage-defaultmisconduct/) which might be a bit more costly +7. **Pacific Premier Trust** [check this post for the 3 way call solution](https://www.reddit.com/r/Superstonk/comments/s9gnp9/drs_your_ira_new_path_without_tax_implications_to/) +8. [**Madison Trust**](https://signup.madisontrust.com/forms/Account_Setup?Reference=Josowitz,%20Michael&ReferralSource=Mark%20Lalich) See above where u/lalich opened a **LLC IRA** to keep the shares in their own name + +According to u/6t8fbird's post: An EIN is required for transferring your IRA shares to Computershare. This makes you the custodian of your IRA. +An internal opportunity with a different group has arisen and they've asked me to apply. I would like to move to the area (Summit, NJ) and think it would be wonderful for my family. My wife and I have two beautiful children that will be starting school within the next 1-2 years. + +Looking at the cost difference between Houston and Summit, NJ it looks like the calculators show almost 2.2X the difference. If I were making, say, 100K in Houston. Then I would need to make 220K in Summit. My questions are as follows: + +1. Is this accurate? +2. Should I be shameful about literally asking for double or more than double my salary to move? +3. What is a reasonable request/amount in terms of a relocation package? + +Does anyone have any non-specific advice? + +Thanks! +Anyone else just doing boring option trades like me? + +I've been mostly selling 5/6 delta put spreads (at least $10 wide) on SPX every Monday, Wednesday, Friday - 3-5% of my account. + +90% of my account is in VGSH (short term treasury). + +Fidelity is my broker. I utilize this guy's spread strategy (free, no selling) - [https://wealthyoption.com/](https://wealthyoption.com/) + +Edit - here is WO's original post - [https://www.reddit.com/r/options/comments/jm2tgy/my\_spx\_weekly\_premium\_selling\_that\_dominates\_the/](https://www.reddit.com/r/options/comments/jm2tgy/my_spx_weekly_premium_selling_that_dominates_the/) +I absolutely hate how impersonal the job application process is. It's just computers and algorithms and automated emails. How can they gauge whether or not they want me based on a bunch of hypothetical scenarios when they never even met me or talked to me. + +This most recent one for a stocking job. My previous job I did stocking for 7 years but somehow I get rejected? Fuck this revolving door bullshit where they just want people who'll do a job for less money, quantity>quality I guess +1. Covid nasal spray potentially expediated and application for emergency use, just entered Phase 2 as of 2/2/2021. +2. Short interest is up 1,172%, ~~92% of float shorted~~, looking good for a super short squeeze. +3. Exercised warrants guarantee good cash positions and reduced risks of offering. +4. Also has boob cancer drug in pipeline + +\#SaveTheBoobs + +Disclaimer: Holding 600 at .86. NFA. Price target is between $4 to $10. Either way I have already took out my original investment. Just riding on profits now. + +EDIT: Someone asked for my references so here they are: + +Point 1 is from the conference but I am too lazy to find the link so you can probably find some comments on it on StockTwits or even here. + +[Short interest](https://shortsqueeze.com/?symbol=ATOS&submit=Short+Quote%E2%84%A2) + +[Warrants news](https://www.globenewswire.com/news-release/2021/01/29/2166673/0/en/Atossa-Therapeutics-Receives-21-Million-from-Recent-Exercises-of-Outstanding-Warrants.html) + +EDIT 2: Information I picked up from my options scraper: + +\--ATOS--(Filtered) + +Calls today: 91508 | Calls yesterday: 89614 | % change: 0.02% + +Puts today: 7410 | Puts yesterday: 7508 | % change: -0.01% + +TD: Call-Put Ratios: 12.35 | % Calls: 91.35% | Puts: 7.40% | Very Bullish + +YTD: Call-Put Ratios: 11.94 | % Calls: 91.36% | Puts: 7.65% | Very Bullish + +PS: Does not account for moneyness of options but I literally built this part of my code yesterday. + +EDIT 3: Apologies but I miscalculated the short %, it is currently at 11% of float as u/hobobonobo11 pointed out. + +Regardless, I still like the stock + +EDIT 4: u/repos39 told me ATOS has been on the REG SHO list which may be indicative of naked short selling. Personally I don’t fully understand that yet but do what you will with the information. + +EDIT 5: Covid 19 Nasal Spray just moved to Phase 2. + +https://atossatherapeutics.com/product-pipeline/ + +EDIT 6: Exited my position at $3. +I want to point out that I'm not shilling CRO, I have a tiny bag of it, not even enough to get the first tier of their debit card. I also want to add that they are far from perfect, their app is so ridiculously slow and I hate that I have to use a mobile phone instead of a desktop, both drive me mad. Also I know it's not decentralised so a lot of the crypto 'purists' are not going to like it (even though no crypto coin where you can just buy a controlling quantity with the only limitation being having enough money was never truly decentralised in my opinion). + +&#x200B; + +That said I think they have structured their business model perfectly towards the average person: + +1) You need to have almost zero knowledge to buy CRO and stake it. + +2) Their pre paid debit card is the best bridge I've seen so far between fiat and crypto, you just spend your fiat and get crypto in return. It doesn't require all the world's companies to change their payment systems and pricing structure. Everything stays in fiat and the user gets the reward. Also it looks super cool and makes people want to show it off. + +3) Their daily missions encourage a repeating $20 daily DCA which is perfect for teaching new investors to put in gradually and repeatedly rather than dumping a 4/5 digit lump sum all in on one price point, often near ATHs. + +4) They offer decent staking rewards although you do need a large bag of CRO to access it which I feel is a bit off-putting. + +5) They are doing real marketing, buying stadiums and paying Matt Damon to be in their adverts. Compare that to someone like LRC who also have a fait on ramp and wallet system and their marketing consists of a guy posting laser eye memes on twitter and discord and saying things like "WAGMI". I know Matt Damon was just paid to be in an advert but I still trust any company that can actually afford to hire him far more than a company that cannot / will not spend that money. + +6) The coin price point is something that retail can understand, it's not a scary large number like BTC but it's also not 6 0s after a decimal like a lot of shitcoins. + +7) Their model is built around buying and holding their coin for other rewards which is, again, great at teaching retail to HODL rather than the only means of value to try and sell at a higher price point that pretty much the rest of the crypto market exists on. + + + +We bought our house in DC last year for $1.4m. There's a separate basement so we have been renting it out on airbnb and it is generating $3000/month. + +I am curious if we can rent out the whole house, so I took pics with my iPhone and listed our 5-bedroom, 4-story home on airbnb. Today, I got a booking for $5000/5 nights. + +This makes me feel like we better rent out my house full time. But where do we live? Should we buy another very nice house and live there or should we buy a small condo, which is less risky? It seems like the luxury rental (1000/night) is less competitive (few people list whole houses) but obviously will be very cyclical and risky. I fear that luxury rental will be the first to get hit during a recession. That said, moving to a smaller condo so we can rent out our primary house seems like intuitive though... like we are making more money but moving into a smaller place? + +What do you guys think? Am I thinking it straight? + +Other info: we make 400k a year + have probably $1.5m in stocks. Goal is to RE as soon as possible, hopefully within several years. +Saw a guy thousands of upvotes and awards for trying to use Market cap to explain things. The thing is he used it incorrectly. + +I’m going to go ahead and explain how it actually works. + + +EDIT: I have went ahead and added a non-Dogecoin example of this to show this applies to all crypto - not just Dogecoin. u/RFV1985 assisted with providing non-Dogecoin example + +market cap comparisons can be applied to any cryptocurrency- however he and many try to use it to discredit Dogecoin as an example - so will I and you how to correctly use it. + +First - let me clear up some misconceptions that the guy used in his post + +1) Economically speaking Dogecoin can rise to whatever value the market dictates based off of supply and demand. As long as demand out paces the supply then the value will rise. - this apples to all cryptocurrency + +2) Mathematically speaking market cap = price multiplied by supply +MC (Market Cap) = P (Current Price) x S (Current Supply) HOWEVER - This is economics- not pure straight math. The order is important - The price or supply have to change FIRST - and THEN you get the market cap. + +3) YOU CANT CHANGE ADD OR DECREASE MARKET CAP TO GET A DIFFERENT PRICE - MARKET CAP IS NOT A MANIPULATABLE value you can only change the price and supply. The price and supply change the market cap - completely different. The reason for this is because Price and supply are independent variables and market cap is a dependent variable. What this means is that supply and price can increase or decrease independently, but market cap cannot. he cannot mathematically say price = market cap / supply and then try to change market cap to change the price because market DEPENDS on the price and supply + +4) *MARKET CAP DOES NOT MEAN TOTAL AMOUNT OF MONEY IN THE SYSTEM - A 6 billion dollar market cap does not mean there’s 6 billion dollars in the system. It means that the entire supply is “worth” 6 billion at the current price. people get confused so I wanted to clarify that. Simply adding money to the system does absolutely nothing to affect market cap in the same way it does not necessarily change the price/demand. The only two variables that change the market cap are price and supply nothing else can change the market cap. + +5) People use the “unlimited supply/infinitely being mined” argument as a way of saying the supply will continue to increase and therefore the market cap will continue to decrease and therefore the price is unsustainable. That is completely incorrect - yes there are 5.25 billion per year - but when taken into perspective with fiat currency - this number is extremely small. Dogecoin is indeed inflationary, but in the span of human life, Dogecoin is not infinite. In order to have an infinite supply requires infinite time. It would take 360 years for the supply to reach 1 trillion dollars. Which is less than the total supply of the US dollars fiat paper supply - for comparison. + +I will take this guys original point and explain it correctly. - his point is that based on market cap Dogecoin cannot hit $10 or 100. He used market cap Incorrectly when making his argument. + +I also see people asking what’s stopping Dogecoin from going to bitcoin levels? Well, The short answer is the supply of Dogecoin is high relative to the supply of bitcoin. Dogecoin has a current supply of 128 billion, which is why the price is lower and harder to change in value. It is easier for bitcoin to rise $1 in price because the supply of bitcoin is so low and the supply of Dogecoin is so high. It doesn’t mean that Dogecoin can’t rise in price - just that it’s harder. + +This is the long answer. +First, It is important to note that demand does not necessarily equate to adding dollars to the system in 1 to 1 ratio. Demand can increase without ever having to add money into the system, however, adding new money into the system does help. I see people saying Dogecoin requires X million dollars per minute to account for the increase in supply. That is just completely wrong, and not how demand works. Increased Demand just means more people willing to trade Dogecoin at a higher price than people willing to trade at the current price. No net increase in fiat currency needs to be added in order for demand to increase. + +Despite not having a capped supply, using the current supply known, as well as the mining rate to account for new coins entering - you can make comparisons to other cryptocurrency to get an idea of the demand required in order for Dogecoin to reach a certain price. The way to do this is through market cap comparisons + +Market caps REAL use is a comparison tool. It’s used to compare how successful a market is compared to other markets. + +If Dogecoin were to reach $1 today it would have a market cap of about 128 billion dollars ($1 x 128,495,957,919 circulating supply). Bitcoin (the most successful cryptocurrency) currently has a market cap of approximately $898,761,019,333 (~ $900 billion). This means that at $1, the total supply of Dogecoin would be “worth” about 1/7th of Bitcoins total supply. + +The take away from this comparison is that in order to reach $1 Dogecoin would require approximately 1/7th the current demand of bitcoin due to the differences in supply between Dogecoin and bitcoin. This is definitely not impossible, and an achievable goal. If Dogecoin were to reach the demand bitcoin has currently - its price would $7. Since bitcoin is the highest performing cryptocurrency, $7 dollars is the most realistic possible goal at current market conditions. Anything past $7 dollars per coin means that Dogecoin is reaching uncharted territory for cryptocurrency as it will have surpassed bitcoin. + +Now for the hypothetical extension of this comparison. Everything after this point is hypothetical since we don’t have a true comparison available in the market + +The estimated supply of the US dollar is about $2,000,000,000 (2 trillion), thus the market cap of the US currency is $2 trillion. If Dogecoin were to reach the equivalent market cap ($2tn / $128bn), the price per Dogecoin would have to be $15.60, thus matching the entire short-term US currency (M0 money supply in economics). + +This is definitely not impossible, but it is highly highly improbable to reach such value any time soon. If that were to ever happen, it would take years. Now, the entire supply of the entire worlds fiat (short-term liquidity / paper) currency is $37 trillion. You can apply the same logic from above and see that the value of Dogecoin would have to be $288.60. If it was valued any higher than that amount, Dogecoin would be "worth" more than the entire world’s short-term liquidity currencies combined. It could technically go past this point, but what that would mean is that the economy behind Dogecoin would be stronger than the entire global economy of today. At that value you wouldn’t even compare it to the dollar anymore because it already surpassed all fiat currency. It’s not impossible- but is is highly unrealistic to pass that point. It is important to note that this number is not static. Which means if the market conditions change such as an increase in supply or change in price the numbers will change. + +Here is another real world example: - not mine but I wanted to add it case it gets lost in the comments + +Thank you u/RFV1985 +This can also be explained with a real world scenario. + +As of the time I’m writing this, I am going to pick a low ranking alt...let’s use SPI (ranks #300 on CoinGecko). It has a $132M market cap. + +If I go to KuCoin, I see it currently trades for $141. Based on the order book, if I were to place a $1k market buy order, the price would then immediately jump to about $144 based on the supply of the order book. So my $1k market buy order drives the price up by $3. So I effectively increased its market cap by ~$3M with just a $1k order. So clearly, market cap does not equal money in the system. + +That is how you CORRECTLY use market cap + +Thank you for coming to my Ted Talk +Let’s get right down to it. + +We know that the Federal Reserve is hiking interest rates (market expects rate to be at about 3% by year end) and it will trim its almost $9 trillion balance sheet. This balance sheet includes $2.7 trillion in mortgage backed securities (MBS). There are proposals to sell $30 billion in US treasuries and $20 billion in MBS per month. + +The official narrative to this massive tightening of fiscal policy this year is to quell inflation. For context, Jan CPI was 7.5%, Feb was 7.9%, March was 8.5%, and today’s print for April came in at 8.3%. These are historically high inflation rates. + +But I suspect the Federal Reserve isn’t actually targeting inflation. They are much more worried about something else. + +This is why. + +Inflation is a function of supply and demand. The Fed with their fiscal policy has decent but also blunt control over demand. It doesn’t have as much control over supply. Especially in this macroenvironment where supply is constricted by a war and pandemic lockdowns halfway across the world. Interest rate hikes and balance sheet runoff will not bring peace to Ukraine, nor will it slow spread of COVID in Shanghai. + +In addition, we already see aggregate demand in a really bad spot, with GDP showing a rare 1.4% decline last quarter. Demand is pretty dead. Peloton is down 92.5%. People aren’t in the mood of buying. + +So if the demand is already low, and Fed can’t control supply chain issues, how do they fix inflation with interest rate hikes and balance sheet sell off? + +Answer is they can’t. CPI inflation is not what they care about. + +Rather, the Fed is super worried about the housing market. We already see that the housing market price trends are significantly higher than the past decade’s upwards trend and I reckon the Fed is really worried about any sort of deleveraging in the housing market. Since about 26% of household wealth is tied to mortgages, if we start seeing foreclosures, significant household wealth will just vanish which will be deadly for the US economy. + +Although cooling the housing market means pulling back the stock market, it’s a lesser evil since stocks are not usually purchased on leverage, while houses are typically always bought with leverage by majority of US pop. + +Interest rate hikes and MBS sell off might not have much impact on inflation in this macroenvironment but they directly pare back home prices, and that’s where we think the Fed is targeting. +https://www.cnbc.com/2022/10/27/us-gdp-accelerated-at-2point6percent-pace-in-q3-better-than-expected-as-growth-turns-positive.html + +The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing inflation fears, the Bureau of Economic Analysis reported Thursday. + +GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized pace for the period, against the Dow Jones estimate for 2.3%. + +That reading follows consecutive negative quarters to start the year, meeting a commonly accepted definition of recession, though the National Bureau of Economic Research is generally considered the arbiter of downturns and expansions. +I'm writing this post in response to comments I get from people when I try and explain what Bitcoin is. Uneducated people have told me countless times that bitcoins are only used by criminals. I want to debunk that myth and explain how the real potential for bitcoins is so much bigger than the black market can ever be. + +Bitcoin is literally saving my family from hunger and giving them the finicial freedom to immgrate in the near future. My parents and sister live in Venezuela. A lot of you might not know exactly what's happening there so here are the cliff notes. + +1. An incredible incompetent socialist government took power. + +2. They created strict currency controls that made it impossible for people to buy goods in anything other that their local currency. If you owned a business and needed to import something from overseas you needed the governments approval to exchange the local currency to US dollars + +3. This made running a business almost impossible. To operate you had to buy US dollars on a black market or bribe a government official to exchange currency. + +4. When oil prices dropped the government quickly ran out of money causing expected inflation of 1800% in 2017. + + +For more about what's going on in Venezuela check our www.reddit.com/r/arepas + +Things started to get really bad in Venezuela around 2014. My father owned at the time a successful air conditioning repair business but he knew things were about to take a turn for the worse. We came up with a plan to open a US bank account and convert bolivers (Venezuelan currency) into US dollars so we would be protected from inflation. We quickly ran into logistical problems physically getting and safely transporting the money out of the country. Caracas is one of the most violent cities in the world. Car jackings are common and people are killed for their cell phones. The airport police are corrupt and just as likely to rob you and the money can't be put in the local bank because you aren't allowed to have dollars. + +I'm 2014 Bitcoin was a new technology so we were very skeptical about it but we didn't have any other options. + +Fast forward to 2017. The economy is Venezuela is dead. My father lost his air conditioning business and people like our neighbors that where middle and upper class a few years ago can't afford food. Thanks to the rising price of Bitcoin and it's realative stability (to the Venezuelan economy) My family is part of a very small fortunate minority that can afford to help feed their community and also potentialy immigrate to another country. + +Now consider how big the Venezuelan economy is and that other countries like Brazil and Argentina are also experiencing similar problems. If citizens converted only a small amount of their savings into bitcoins this would represent an incredible amount of money. + +Bitcoin can give anyone the ability to trade freely and protect themselves finically against corrupt and incompetent governments. In a world of 6 billion people, most of which have no access or are ineligible for basic banking services and an increasing number of governments apposing free speech and basic human rights Bitcoin might not be the perfect hero we want but it's what we need. + +So in summary Bitcoin is used by criminals the same way cash is used by criminals. If you take one step back you'll realize that the possible legitimate uses for Bitcoin are far greater than the black market can ever be. +Please forgive my ignorance on this topic, Im trying to learn more and understand the current state of the market and the decisions people are making. + +&#x200B; + +Many homes cost upwards of 50% more than they did a year ago, and interest rates on mortgages have gone up from what...3% ish at the end of 2020 to now 7%+? + +Who is actually buying a home right now? I was getting ready to buy around around the start of this year and decided to hold off seeing where the market ended up, but Im just so astounded as Im still seeing homes bought regularly by individual consumers. + +&#x200B; + +Some context - my significant others step mother just recently sold a home for 340k. She bought this same home in 2017 for "under 200k" according to her. They put up a for sale sign on this property and **it was sold within a week**, apparently they were flooded with inquiries about buying this house. + +Inflation plays a part considering the value of the home now compared to 5 years ago of course, as does the area the home is in, etc...but Im at such a loss to understand why people would want to buy homes like this so badly where the market is currently. I can also respect that some people need a home and renting may not be a viable option for one reason or another, but is it really a viable option to so clearly overspend on a house right now? + +Also, for clarity, they are living in this home with no intention of flipping (according to them). + +Edit: also worth noting these are not cash buyers + +&#x200B; + +edit 2: Apologies, I can see how not including the area is damaging to the integrity of the conversation. This is in Tampa, FL. +https://t.me/snowgecoin + +TLDR: 2100 holders, SafeMoon fork, Contract ownership transferred to burn, LP transferred to burn(rather than into dev wallets like practically every other SafeMoon fork), randomized transaction fee of: 2%, 4%, 6%, 8% + +This coin is currently recovering from a huge whale dump last week and has distributed the supply much more evenly among the community. I believe ATH will be breached soon when the CMC/CG listings get by. I know everyone always says 10x or 100x, but this really does have the potential since it is one of the few animal coins that is actually unruggable, community owned, and has high quality meme art. + +Longer TLDR: https://twitter.com/SnowgeCoin/status/1373924693858779141?s=20 + +Audit 3/25/21: https://snowge.s3.amazonaws.com/Snowge+Coin(1).pdf https://twitter.com/SnowgeCoin/status/1375146844540526595 + +Chart: https://poocoin.app/tokens/0x5e9280d53f28281ce098c8f64e49f5f5dc9ea185 + +Site: https://snowge.xyz + +bscscan: https://bscscan.com/token/0x5E9280d53F28281Ce098C8F64e49F5f5DC9Ea185 + +Buy: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5E9280d53F28281Ce098C8F64e49F5f5DC9Ea185 + +Why should I buy this and not the random Safe____ fork that just came out? +-Decent chance its just a straight up rug. +-Decent chance its going to rug after they pull the LP that SafeMoon forks all get in their wallets +-The Safe___ fad is going to die soon after enough people get rugged, and they’ll look elsewhere +-Extremely active dev/marketing/mod team +-Tons of premade memes ready to go +-Survived the initial pump/dump +-It is only two weeks in, and with this recent dip the price is right +-Devs don’t own the major wallets +-Presale was max/min buy of 0.1 BNB, with a hardcap of 50 BNB(no presale whales) +-Charitable cause +-Active development + +For people that want to see deeper: https://pastebin.com/KJMYXEnb +I am not invested in bond, but I kept seeing news on investors (Marks Howard, Bill Gross, Alan Greenspan etc.) sounding warning about the bond market. + +I get that as interest rate increase, bond price may fall and bond investor may be rushing to sell their bond. But what is exactly the issue with the current bond market? What impact will it have (if any) on other market like S&P 500 and the economy? +Heads up for anyone with a position in Boeing. + +BBC article - [https://www.bbc.co.uk/news/world-asia-55601909](https://www.bbc.co.uk/news/world-asia-55601909) + +>**A passenger plane with more than 50 people on board has gone missing after take-off from the Indonesian capital Jakarta.** +> +>The Sriwijaya Air Boeing 737 lost contact en route to Pontianak in West Kalimantan province, officials said. +> +>Flight tracking website Flightradar24.com said the aircraft had lost more than 3,000m (10,000ft) in altitude in less than a minute. +> +>The transport ministry said search and rescue efforts were under way. + +I have no positions in BA. +### UNITED STATES + +* **Futures** are up this morning following a call between the Chinese Vice Premier and the U.S. Treasury Secretary  +* **Job** **openings** are near record highs, passing seven million openings   + * *Manufacturing*, *Hotel*, & *Restaurant* workers are all in high demand +* **Small** **Business** **Sentiment** [continues to improve ](https://news.gallup.com/poll/245156/small-business-owners-optimism-reaches-new-heights.aspx) +* A congressional committee will grill **Google’s** CEO Sundar Pichai  +* The decline of shopping malls has been a boon to **dollar** **stores** + * Stores targeting middle-income Americans have been losing customers and dollar stores have been picking them up + * Dollar General and Dollar Tree are adding 1,000 stores a year and a recession could see further growth for them  + +### OTHER + +* Theresa May postponed the **Brexit** vote after being advised she would lose significantly  + * Also, [**this moment**](https://youtu.be/UQiYm9DPnyY) highlighted the absurdity of the whole thing and brought me joy  +* **Emmanuel** **Macron** promised to raise the minimum wage in an effort to appease the **yellow** **vest** **protesters** +* **Iran’s Revolutionary Guards** confirmed the test of a **ballistic missile** earlier this month +* A vote will be held today that could see the floatation of **Dell** on the public markets  +* The **Indian** **Rupee** crashed after the head of the central bank quit suddenly + * India faces a large deficit but India's Prime Minister wanted the central bank to ease monetary policy, basically to print money for him to spend during the election next year + +### CHINA + +* The worlds largest smartphone market has placed restrictions on the sale of **iPhones** + * a preliminary court ruling said **Apple** violated patents held by **Qualcomm** for photo manipulation and touchscreens + * imports of iPhones newer than the 6S will be halted unless Apple makes changes to the phones’ software +> *"We are solving a multi trillion dollars problem"* + +> *"Just 2 weeks ago, we hosted over 30 central bank from around the world in NYC"* O.0 + + [source](https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html) (using ripple technologie and not Bitcoin) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Check out Citiwarrants Mini + [https://au.citifirst.com/EN/search/MINIs](https://au.citifirst.com/EN/search/MINIs) + + +You can short or long SP500 and ASX200 with all these products using with the amount of gearing you prefer. No ETF tracking slippage and stupid management fees. +I've managed to shit-scare myself watching economic doom-porn on youtube but I'm also mostly in speccy miners & LICs (for di-worse-ification). +Ray Dalio is spouting that "cash is trash" because of inflationary forces, Jamie Diamond was banging on last week about a massive economic hurricane. With interest rates rising, stock market will struggle (all else being equal), mortgage defaults will rise, increasing bank repo's of properties & fire selling those which will depress the housing market. + +So: + +* Property should come down in price, +* Stocks are fuk, +* Cash puchasing power is being eroded, +* Bonds go down in value with interest rates going up (like I could afford them anyway), +* Crypto is a risk-on asset so that will follow the stock market. +* The gold and silver markets are manipulated too but they seem like the best place - do miners count given that they generally need debt & capital funding too? + + +How are you all positioning yourselves for the next 2-5-10 years? + + +(If it helps, I'll be sure to DMOR) +Thought it might be interesting to see what everyone is holding, may be something we can do once a month or so just out of curiosity? 🤔 + +Post your holdings in order of largest -> smallest. + +I haven't done much buying or selling in the past several months, just been adding more to each on dips... current portfolio: + +* CAA +* ASH +* NVX +* XRF +* DRE +* GLB +* AVA +* GNG +* CGO +* PEN +* BSL +* EVS +* CI1 (lol) + +and I also have ZIM on the NYSE for 14 stocks total... want to trim down to 10 at some point & will probably just eat the loss on CI1 and get rid of AVA if no news comes in the next couple of months as a start. + +How 'bout yourselves? 😎 +China has stopped all export on Urea, putting us in a shitty situation with our transportation industry with vehicles running diesel requiring urea for adblue. + +So 50% of our trucking transportation industry currently relies on it, and apparently we have enough supplies of adblue to last till February or maybe even earlier. + +That being said, and all the news on this, +Would it be a good idea to invest in companies such as LCK who are developing urea Productions sites here in Australia, given the shortage we are about to behold? +Anyone else here getting dicked by ADN n its friends ( MEP etc ) ... nothing but a slow creeper into the depths of hell fire red on my portfolio .. any smarter guys out here think I should hold out for the long haul when the mine hopefully opens in 2022 or should I just cut my losses and head for the hills?? +Your markets are run by bots. Now your Weekend threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Anyone else here getting dicked by ADN n its friends ( MEP etc ) ... nothing but a slow creeper into the depths of hell fire red on my portfolio .. any smarter guys out here think I should hold out for the long haul when the mine hopefully opens in 2022 or should I just cut my losses and head for the hills?? +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your Weekend threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Fam, + +I recently came across a group about stonks on Facebook. I thought you guy's were bad, turns out the folks on "[https://www.facebook.com/groups/sharetradingaustralia](https://www.facebook.com/groups/sharetradingaustralia)" are on another level... Check out the image below... + +https://preview.redd.it/t7c3w1rjq7d61.png?width=2366&format=png&auto=webp&s=8c8c69b70aeddacb5bcc06a459c423f1d04dc106 +Hello fellow autists, after last week where someone told me I can’t buy a uranium plant(this made me very upset), what are the big uranium plays that are poised for future growth. +So the title pretty much says it all and I feel like this computershare is the nail on the coffin for the hedgies but I'm wondering how many shares can computershare give out? If the tradable float is 35 million then can they only give that many out or can the get up to 76 million shares? Can the DTC just keep giving them shares past 76 million? This definitely feels like the endgame here but I just am wondering how it will turn out? + +With that said I'm transferring 80% of my shares to CS after doing some research and finding out that selling shares on CS is actually just a click of a mouse, anyone saying its hard to do is probably not on our side but when it's over 1 million/share you have to call CS to make the trade which shouldn't be that big of a deal either. +Hi guys. + +&#x200B; + +I'm trying to find a model that estimates somewhat reliably short-term (2-3 days) option prices for the SPY based on VIX and risk-free (actually 3-month treasury bond yield rate) interest rates. This is for back-testing purposes. To better define the problem: + +*Given any trading day in the last 20-30 years of the SPY, what was the index price (obtained from historical data) and the prices of the options that expire within 2-3 days of the given day and have a strike price close to ATM?* + +&#x200B; + +Naively, I tried to use the black-scholes model and expected to get some prices that deviate from the real prices with reasonable amounts (e.g. 30-50% off). Of course, trying to match the model with real-world data I found out the model can be really far off. For example: + +&#x200B; + +|Date/time|SPY price|Expiry|Strike|Real option price|Black-scholes|VIX|rate| +|:-|:-|:-|:-|:-|:-|:-|:-| +|2019-04-25 13:50:09.000|292.47|2019-04-26|295C|0.0407|0.561|12.97|2.43%| + +&#x200B; + +Now, there are of course a lot of assumptions that are made that probably make Black-scholes inappropriate for this kind of estimation (american vs european, etc.). Also, afaik, VIX represents weighted averages of 30-day option chains, etc. + +&#x200B; + +Also, I'm aware that there is historical data for these options, but it doesn't cover the whole period (afaik, weekly and sub-weekly options weren't around in the 90s). + +&#x200B; + +Any help, criticism or input is greatly appreciated. Thank you! +I'm having a hard time understanding the formula for KVO from the investopidea website. I'm not too good with complex formulas but I was trying to plot it on excel. I havent been able to find any easier guides or excel templates for this formula. So I was wondering if anyone else has plotted it before and would want to share some step by step resources? Any help would be appreciated. +I wanted to hear some thoughts from people who have successful strategies over years with options. + +I’m a big believer of everything being priced in. But then why are some option strategies consistently profitable every year when backtested? I’ve read a few white papers and research papers on this as well. + +It can be as simple as the example of selling options with good risk management. The risk/reward ratio can be outsized a lot of times on a consistent basis as well over the course of years. + +Building on this, most people know that there is a skew that shows volatility is generally overpriced and selling options can be consistently profitable, with consistency and proper risk management of course. Is this due to the casino or insurance mentality? (E.g. we will sell to you and take on risk, but you need to kick up over 50% odds in my favor). + +I guess my thoughts and questions here would be am I missing something after years of testing and reading? Is there a strategic advantage here and is the market maybe just inefficient in some cases? There are of course drawdowns, but on a probability scale there just seems to be an outsized risk/reward in situations like this. + +Why hasn’t this been exploited by bigger firms? Is there a scalability factor? + +Or are people fine with the fact that the options market works a lot like a casino? In theory, maybe a casino or insurance model is actually efficient. +I have a few years in college of coding experience (although I am rusty) and am interested in trying out a trading bot. Should i just get my own or attempt to make one? Any tip? +I am testing a simple trend-following strategy. I have backtested the same strategy on the 1h and 4h timeframe. Obviously, if run on the 1h timeframe, it gives around \~4x the amount of trades as on the 1h time. + +Below are the stats for both strategies: + +|Timeframe|1h| +|:-|:-| +|Total Trades|132| +|Average Gain Per Trade|2.67%| +|Average Loss Per Trade|\-0.74%| +|Profitability|2.67 / 0.74 = 3.63| +|Risk Capital Per Trade|1%| +|End of Year Capital if starting with $100,000|$168,874| + +&#x200B; + +|Timeframe|4h| +|:-|:-| +|Total Trades|36| +|Average Gain Per Trade|2.83%| +|Average Loss Per Trade|\-0.68%| +|Profitability|2.83 / 0.68 = 4.17| +|Risk Capital Per Trade|1%| +|End of Year Capital if starting with $100,000|$149,838| + +&#x200B; + +|Timeframe|4h| +|:-|:-| +|Total Trades|36| +|Average Gain Per Trade|2.83%| +|Average Loss Per Trade|\-0.68%| +|Profitability|2.83 / 0.68 = 4.17| +|Risk Capital Per Trade|4%| +|End of Year Capital if starting with $100,000|$420,080| + +&#x200B; + +As we can see, if I risk the same amount of capital per trade for both strategies, the 1h strategy performs better than the 4h strategy. I end up with \~1.69 times starting capital vs \~1.5 times starting capital. However, if I risk 4x the capital per trade on the (4h) strategy, I do significantly better and end up with 4.2x starting capital. + +My questions are: + +1. When comparing the 1h against the 4h strategy, should I be comparing the returns of risking 1% capital vs 4% capital since I get 1/4th the trades in the same time period with the 4h strategy? +2. If yes to (1), it is clear that I should be running the 4h 4% risk strategy. However, the backtest is much less accurate since I am only getting 36 trades vs 132 trades in the year. So, that is the tradeoff. Bottom line, which strategy is better and which one should I be running? + +Thanks for the input. +Edit: This has become a 'why you should or should not support your parents thread'. That wasn't the intention of the post. Some people choose to support their parents, and some people choose not to. I respect and understand both sides of it, and I'm not trying to convince you that you are in the wrong or that you are responsible for your parents. With that said, I personally feel responsible and have made the decision that I will support my single mother. The intention of this post is for those who feel the same way as I do to share their experiences and their system while still aiming for FI/RE . Thanks :) + +I'm a 23y/o about to graduate College in May. As my single mom is reaching older age, she is going to retire in the next 3-5 years. + +I have to (also happy to) support my mother once she retires as she has supported me without question my entire life, I am wondering what approach you guys take in budgeting for it? + +Do you set apart a monthly budget specifically for your parents? If so, how much? + +How has that impacted you in terms of reaching your financial independence goals? + +I recently signed an offer that will make me ~65k starting in July after I graduate, and I'm stressing about how to balance paying off student loans, investing and saving for FI/RE, and having enough money to take care of my parents fully. Any advice on how you balanced it? + + +Edit2: Some people are questioning how my mom has so little if she is so frugal or why I feel so responsible for my parents. So I copied and pasted what I said down there: + +My dad stole all of our money and left; he disappeared 13 years ago and we have not received a single dime of child support from him and I have not seen him since. We were close to living on the streets, and owed money to loan sharks that my dad borrowed without us knowing. +My mom, who loves me dearly, moved to the US with me when I was 10 to get a fresh start and so that I can get a good education to break us out of the rut. She barely spoke English, worked 2 jobs while going to community college, just to barely have enough to pay for rent and get food for me on the table. +Any extra money from work was dedicated to me for college so that I don't have to deal with what she had to deal with. Now that I'm about to graduate from a top 10 University in the world, with a decent paying job lined up, I feel like I owe so much to my mom, who I've seen sacrificed so much for me. +And...that is why she only has 25k in her retirement account and still have 100k in her mortgage debt. +Hello, I recently graduated with a B.S. in computer science. My parents have 0 issue with me staying home completely free. (they're very nice parents) I'm also single so I don't really mind staying home for now. + +I got a job making $60,000 a year. (minus taxes + 6% to 401k for maximum match) + +My current debs are: + +Student Loan Debt - $19,531 with avg interest rate of 4-5% + +Car Loan - $22,000 with 4.8% (I think?, paperwork hasn't gone through yet) + +I also have $11,500 in an ally savings account. + +First off, i'm assuming it's pointless to have 11k in a 2.2% savings. My expenses are nearly 0, so I'm assume it'd be best to leave only like 3k and the rest to debt. + +Second, would it be a bad idea to use the vast amount (or all) of my 12 months of pay to go nearly 100% towards debt? In 12 months I'll have almost 0 debt, but I'll also have no more money saved up than I do now. +This post is written by a friend of mine who works in the financial services industry. I’m posting it for him because he doesn’t have a Reddit account: + +I work in the financial services industry myself, and I decided it might be beneficial to provide my opinion on some of the leading financial cryptos based off their website/white papers/news I've read. Today I'll be covering the 4 leading financial cryptos in my opinion: XRP, REQ, OMG, XLM. + + +[Market Cap & Ranking Graph] (https://imgur.com/a/h8YAB) + + + +######**Ripple (XRP)** + +1. **Description:** Cross border transactions between banks and payment providers + +2. **Slogan:** “Enterprise blockchain solutions for global payments” + +3. **Potential Market Size:** $155 trillion/year cross border transactions (McKinsey Global Payments Industry Study) + +4. **Primary Focus:** Ripple has had huge success lately given its focus on satisfying and providing cross-border payment services for big banks, who have driven up the price of Ripple. It currently has 100+ customers and has the most enterprise traction of the four coins. One big risk is the 55 billiion XRP put into an escrow out of a max 100 billion XRP. Once these escrows expire, there is always the risk of the company flooding the market with XRP. That being said, while Ripple is much further ahead than the other 3 coins, I fear that banks will license Ripple’s blockchain that is centrally governed without intended usage of their token. + +5. **Architecture:** Built on Ripple (payment protocol) + +6. **Market Cap:** ~$77B + + +######**Request Network (REQ)** + +1. **Description:** A decentralized network for payment requests + +2. **Slogan:** “The Future of Commerce” + +3. **Potential Market Size:** $1,825 trillion/year on the SWIFT network that Request Network can capture on its platform (Extrapolated using daily historicals from U.S. Dept. of Treasury) + +4. **Primary Focus:** Request Network, also known as “Paypal 2.0” is a Y-Combinator-backed project created by the founders of Moneytis. Request Network has the biggest opportunity of the four. They are building out the infrastructure for payments and accounting/auditing between both businesses and consumers. Request will be more secure (blockchain tech), intelligent (smart contracts and IoT) and universal (supports all currencies both Fiat and cryptocurrencies) than Paypal. A key differentiator of Request is its usage of “token burning” during transactions, which intrinsically increases the value of the remaining REQ coins. In addition, Request is heavily focused on reputation management and helping accountants and auditors easily review transactions at extremely low costs. My concern here is that they are the earliest stage project of the four and also the most ambitious project, soon to be released on Mainnet. That being said, their team has executed ahead of planned timelines and I believe they seem to have the right expertise to get the job done. + +5. **Architecture:** Built on Ethereum + +6. **Market Cap:** ~$480M (Market cap is ~1/194 the size of Paypal at current valuation) + +7. **Paypal Market Cap for comparison:** ~$97B + + +######**OmiseGo (OMG)** + +1. **Description:** Advanced e-wallet and payment platform + +2. **Slogan:** “Unbank the Banked with Ethereum.” + +3. **Potential Market Size:** N/A (market not clearly defined) + +4. **Primary Focus:** Many people around the world can’t get a credit card or pay for items online because geographically there are no banks around or their credit score is too low to receive financial services. OmiseGo looks to change that by enabling everyone in especially in developing countries to create an e-wallet that enables this underserved population the ability to cash in and cash out without a bank account at low costs. They have an enormous presence in Asia, and their vision is to look like the bank of the future. My concerns here are adoption outside of the Asian countries given the difficulty of scaling across geographies as well as a tough name to pronounce resulting in the necessity for a potential re-branding, but a very solid project with a fair amount of adoption nevertheless. + +5. **Architecture:** Built on Ethereum + +6. **Market Cap:** ~$2.5B + +######**OmiseGo Edit:** +Some additional points to note are its recent acquisition of Paysbuy (large payment service provider in Thailand) and partnerships with McDonald's Thailand and Alipay. It's often thought REQ and OMG are quite similar which they are, but their focus is different. OMG is firstly focused on banking and e-wallet services, while REQ is currently more focused on the actual payment request process and the accounting behind it, which you'll realize are quite different despite both moving in the same direction. + +######**Stellar (XLM)** + +1. **Description:** Cross border currency transfers between developing countries + +2. **Slogan:** “Move Money Across Borders Quickly, Reliably, And For Fractions Of A Penny” + +3. **Potential Market Size:** N/A (market not clearly defined) + +4. **Primary Focus:** Stellar competes directly with Ripple at different ends of the market. Stellar is a great project focused on providing low-cost financial services for lower classed individuals, whereas Ripple is focused on profit generation and founded by ex-bankers. Stellar differentiates itself through solutions targeted around micropayments, mobile banking and services for the underbanked (similar to OmiseGo). The thing I like about Stellar is that structurally it is set-up as a non-profit and something established for the people to easily exchange money between one another. I think the market is large enough to support multiple competitors, but it is important to note that they compete with Ripple in cross-border transactions and OmiseGo in services to the underbanked. + +5. **Architecture:** Built on Stellar (payment network) + +6. **Market Cap:** ~$11.7B + +######**Stellar Edit:** +Expanding on Stellar based off comments, let's clarify that Stellar is indeed founded by one of the co-founders of Ripple, which makes them somewhat similar. But wanted to key in on a few more points that make XLM unique: no mining with circulating supply of 100 billion lumens from the start @ 1% inflation rate and a recent partnership with IBM for cross-border payments as a bridge currency. Finally it's important to look at their Stellar Development Foundation, which controls the distribution of Lumens. Distribution is split as follows: 50% through Direct Sign-up Program, 25% through Partnership Program, 20% through Bitcoin program and 5% held by the foundation to support operations. Note this effect is huge because they can also unleash a large amount of lumens, but they do have a more defined mandate for dilution than Ripple. + +Read more about it here: https://www.stellar.org/about/mandate/ + + +######**Disclaimer and Final Words**: + +I am a holder of all four coins, but from a returns standpoint, I am most bullish on Request Network given it has the largest market size, smallest market cap and an incredible team. But from a risk standpoint, Ripple is the lowest risk coin to hold given its widespread adoption and use across numerous banks that are displayed on their website. Honorable mention for both Stellar and OmiseGo, which are superb projects that will still succeed. Remember that the financial market is extremely deep with trillions of dollars in transactions moved every day, so there is ample room for all four of these coins to find their niche whether it is in a certain region of the world or in certain product types (i.e. micropayments). All in all, you can’t go wrong holding a portfolio of these four coins because each one of these cryptocurrencies are going to kill it in 2018! + + +&nbsp; + + +**Sources:** + +1. https://ripple.com/ + +2. https://omisego.network/ + +3. https://request.network/#/ + +4. https://www.stellar.org/ + +5. https://coinmarketcap.com/ +Today' news items that are just adding to the pile... + +**1- Europe’s $1 trillion energy bill only marks start of the crisis** + +Bloomberg... Europe got hit by roughly $1 trillion from surging energy costs in the fallout of Russia's war in Ukraine, and the deepest crisis in decades is only getting started. After this winter, the region will have to refill gas reserves with little to no deliveries from Russia, intensifying competition for tankers of the fuel. With interest rates rising and economies likely already in recession, the support that cushioned the blow for millions of households and businesses is looking increasingly unaffordable. **"Once you add everything up - bailouts, subsidies - it is a ridiculously large amount of money,"** said Martin Devenish, a director at consultancy S-RM. "**It's going to be a lot harder for governments to manage this crisis next year." Government fiscal capacity is already stretched. About half of European Union member states have debt exceeding the bloc's limit of 60% of gross domestic product.** + +[https://www.informed.so/articles/2022-12-18-europes-dollar1-trillion-energy-bill-only-marks-start-of-the-crisis](https://www.informed.so/articles/2022-12-18-europes-dollar1-trillion-energy-bill-only-marks-start-of-the-crisis) + +&#x200B; + +**2 - American banks need to repair their capital buffers — The biggest US financial institutions are almost as highly leveraged as they were before the 2008 crisis (14 Dec. 2022)** + +**The country’s eight biggest banks have a buffer against unexpected losses of only about the same size that they had in 2006** as we approached the global financial crisis and the recession that followed. This was a period in which hundreds of banks failed and some of the largest were bailed out using billions of dollars in federal assistance. **These eight institutions — called global systemically important banks (GSIBs) because their size and complexity have an outsized impact on the domestic and global economies — now have tangible capital covering on average only 6.7 per cent of their $14.7tn in total assets, according to the most recent Fed data.** This crucial measure of financial resilience, called tier one leverage ratio, is only 0.7 percentage points higher than that recorded in 2006. **In other words, the US’s largest, most systemically important banks are almost as highly leveraged today as then.** + +[https://www.ft.com/content/769b69c1-7f89-453f-9f0c-f8b4c63a31b8](https://www.ft.com/content/769b69c1-7f89-453f-9f0c-f8b4c63a31b8) + +&#x200B; + +**3 - Car repossessions are on the rise in warning sign for the economy after auto repossessions tumbled during the pandemic. They are now approaching their pre-pandemic levels with industry analysts worried the trend will continue.** + +**A growing number of consumers are falling behind on their car payments,** a trend financial analysts fear will continue, in a sign of the strain soaring car prices and prolonged inflation are having on household budgets. Repossessions tumbled at the start of the pandemic when Americans got a boost from stimulus checks and lenders were more willing to accommodate those behind on their payments. **But in recent months, the number of people behind on their car payments has been approaching prepandemic levels**, and for the lowest-income consumers, the rate of loan defaults is now exceeding where it was in 2019, according to data from ratings agency Fitch. **Industry analysts worry the trend is only going to continue into 2023 with economists expecting unemployment to rise, inflation to remain relatively high and household savings set to dwindle.** At the same time, a growing number of consumers are having to stretch their budgets to afford a vehicle; **the average monthly payment for a new car is up 26% since 2019 to $718 a month, and nearly one in six new car buyers is spending more than $1,000 a month on vehicles.** Other costs associated with owning a car have also shot up, including insurance, gas and repairs. + +[https://www.nbcnews.com/politics/economics/car-repossessions-are-rise-warning-sign-economy-rcna61916](https://www.nbcnews.com/politics/economics/car-repossessions-are-rise-warning-sign-economy-rcna61916) +So the time is here.. Attorney General National Security Division has served the Bitconnect shillers and court date is right around the corner.. Wonder how this will go? + +[Trevon James Court Date!](https://www.youtube.com/watch?v=A2ewFbRbi4Y&t=788s) + +[Craig Grant Court Date!](https://www.youtube.com/watch?v=QV0xd-7-Yjk&t=38s) + +WHATTTAMMIGUNNAHHDOOOOOO! +I’ve just started wondering about ways to save money on unnecessary costs, and then comparing my attitude toward what counts as as an ‘unnecessary’ outgoing now as a professional with a high salary compared to when I was a student. +For instance, I still wear £15 jeans, but I have a music subscription now. I use more expensive, eco-friendly cleaning products now. + +I’m interested in the consensus of y’all in drawing the line between what you think is a reasonable way to save money for FIRE, and what you feel some degree of “I have enough money to pay for X, so I should” toward? + +Are you okay with cheap sweatshop clothes? Do you pirate music/films? Do you buy fair trade goods? Do you look for environmentally friendly products? +I just saw this site, thought folks would appreciate- + +https://www.theearthawaits.com/ + + +EDIT: To be clear, this is not my website :) i just saw it on fast coexist and thought it was cool +Concept is simple, you input your lifestyle capacity/parameters, and the site returns locales that fit them. I thought it was interesting :) +**TA;DR We're waiting on other countries to make final rules so we can make comparisons to see if they're good enough without the need for no-action relief.** + +**TL;DR Vincent A. McGonagle, The current Director of the Division of Market Oversight, relieved certain countries from certain recordkeeping and reporting requirements for swaps data. Further research shows a history between Director McGonagle and Chair Gensler dating back to 2013 where the first no-action relief was issued for those countries. Despite appointing someone who provides no-action relief, based on Chair Gensler's history at the CFTC and now at the SEC, I believe Chair Gensler is still preparing for major reform that'll promote his goals of greater swap market transparency, efficiency, and competition. Part of that preparation includes the CFTC receiving finalized requirements from the countries currently receiving no-action relief so that comparability determinations can be made.** + +https://preview.redd.it/9k995rionqx91.png?width=1009&format=png&auto=webp&s=fa7743bb39543b79ef9e6a70133595f91e2f6496 + +**Terms to Know** + +* **derivatives clearing organization** **(DCO) -** a clearinghouse that settles derivatives transactions +* **major swap participant** **(MSP) -** a person who is not a swap dealer who maintains a substantial position in swaps for any of the major swap categories +* **swap data repository** **(SDR) -** central facility for swap data reporting and recordkeeping +* **swap dealer** **(SD) -** serves as a swaps broker, makes markets in swaps, or enters into swaps contracts with counterparties +* **swap execution facility** **(SEF) -** electronic platform that allows participants to buy/sell swaps + +The Commodity Futures Trading Commission (CFTC), a federal agency that regulates the derivatives markets in the US, issued a no-action letter (recommends no enforcement) from the Division of Market Oversight (DMO), responsible for overseeing the health and market structure of the derivatives markets regulated by the CFTC. Back on [December 20, 2013](https://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/13-75.pdf), the DMO first issued a no-action letter providing non-U.S. persons established under the "Prior Jurisdictions" (Australia, Canada, the EU, Japan, and Switzerland) relief from [Part 45](https://ecfr.io/Title-17/pt17.2.45) and [Part 46](https://ecfr.io/Title-17/pt17.2.46) (swap data recordkeeping/reporting) of the CFTC's rulebook. On April 5, 2019, the DMO issued a letter [adding the UK](https://d16yj43vx3i1f6.cloudfront.net/uploads/rcw/media/331170/19-09.PDF) separate from the EU in the list of countries, now named the "Enumerated Jurisdictions", because of Brexit (UK leaving EU). On November 18, 2020, the DMO extended their [no-action position](https://www.cftc.gov/csl/20-37/download) to December 1, 2022. + +# The Letter + +The DMO is now extending the one submitted in 2020 (which expires December 5, 2022) to [December 1, 2025](https://www.reddit.com/r/Superstonk/comments/yg9ror/cftc_issues_no_action_letter_extending/?utm_source=share&utm_medium=web2x&context=3). Their reason can be found in the background section where they state that they haven't issued any comparability determinations with respect to the SDR Reporting Rules (p . 2): + +https://preview.redd.it/ouekama60qx91.png?width=1730&format=png&auto=webp&s=2286b6523d4797560c03d73ec571787453662d5e + +Fine, let's [take a look](https://www.govinfo.gov/content/pkg/FR-2013-07-26/pdf/2013-17958.pdf) (p. 45344): + +https://preview.redd.it/mch1181fzrx91.png?width=567&format=png&auto=webp&s=70592fccf13f6caea32b81725dc4db4d6005be0d + +So the Enumerated Jurisdictions haven't implemented/finalized their requirements which means they might have to follow CFTC's rules until they submit an acceptable comparable ruleset. Okay, that sounds somewhat reasonable. Additionally, in the clauses for the extension, they weren't even talking about any U.S. SDs or MSPs (p. 3): + +https://preview.redd.it/rldmfvr60qx91.png?width=1385&format=png&auto=webp&s=a8f1c684b520f4d754289dd701738c23eec19350 + +Cool, the no-action letter deals with the Enumerated Jurisdictions with non-U.S. counterparties that **aren't** guaranteed affiliates or conduit affiliates of a U.S. person. Not only that, but the letter wouldn't apply to Parts [45.2](https://ecfr.io/Title-17/Section-45.2), [45.6](https://ecfr.io/Title-17/Section-45.6), [46.2](https://ecfr.io/Title-17/Section-46.2), and [46.4](https://ecfr.io/Title-17/Section-46.4) which are the following in this order: **swap recordkeeping**, legal entity identifiers, **recordkeeping for pre-enactment swaps and transition swaps**, and unique identifiers. In the end, they would still be responsible for those recordkeeping requirements. I want to make it absolutely clear that this only applies to swaps recordkeeping, **not reporting**, but at least recordkeeping is still required regardless of the letter's language. So what's so special about Parts 45 and 46? They are the requirements surrounding swap data recordkeeping and reporting but Part 45 is more relevant today. Let's take look deeper at Part [45.3](https://ecfr.io/Title-17/Section-45.3) (Swap data reporting: Creation data), arguably one of the most important sections of Part 45: + +https://preview.redd.it/39me43480qx91.png?width=1819&format=png&auto=webp&s=4eede17bcd5e3860f42138c904a92459c2e27fe4 + +Part [45.13](https://ecfr.io/Title-17/Section-45.13)(a): + +>**(a)** *Data reported to swap data repositories.* **(1)** In reporting required swap creation data and required swap continuation data to a swap data repository, each reporting counterparty, swap execution facility, designated contract market, and derivatives clearing organization shall **report the swap data elements in** **appendix** **1 to this part in the form and manner provided in the technical specifications published by the Commission pursuant to § 45.15**. +> +>**(2)** In reporting required swap creation data and required swap continuation data to a swap data repository, each reporting counterparty, swap execution facility, designated contract market, and derivatives clearing organization making such report shall satisfy the swap data validation procedures of the swap data repository. +> +>**(3)** In reporting swap data to a swap data repository as required by this part, each reporting counterparty, swap execution facility, designated contract market, and derivatives clearing organization shall use the facilities, methods, or data standards provided or required by the swap data repository to which the entity or counterparty reports the data. + +https://preview.redd.it/n87ll2490qx91.png?width=1442&format=png&auto=webp&s=5655bce0bb1d33290af23c58e114ca6597233ba9 + +Part [45.15](https://ecfr.io/Title-17/Section-45.15)(b): + +>**(b) The Commission hereby delegates to the Director of the Division of Market Oversight**, until the Commission orders otherwise, **the authority set forth in § 45.13(a)(1)**, to be exercised by the Director of the Division of Market Oversight or by such other employee or employees of the Commission as may be designated from time to time by the Director of the Division of Market Oversight. The Director of the Division of Market Oversight may submit to the Commission for its consideration any matter which has been delegated pursuant to this paragraph. **Nothing in this paragraph prohibits the Commission, at its election, from exercising the authority delegated in this paragraph.** The authority delegated to the Director of the Division of Market Oversight by this paragraph (b) shall include: +> +>**(1)** The authority to publish the technical specifications providing the form and manner for reporting the swap data elements in appendix 1 to this part to swap data repositories as provided in § 45.13(a)(1); +> +>**(2)** The authority to determine whether the Commission may permit or require use by swap execution facilities, designated contract markets, derivatives clearing organizations, or reporting counterparties in reporting pursuant to § 45.13(a)(1) of one or more particular data standards (such as FIX, FpML, ISO 20022, or some other standard), to accommodate the needs of different communities of users; +> +>**(3)** The **dates and times at which required swap creation data or required swap continuation data shall be reported** pursuant to § 45.13(a)(1); and +> +>**(4)** The Director of the Division of Market Oversight shall publish from time to time in the Federal Register and on the website of the Commission the technical specifications for swap data reporting pursuant to § 45.13(a)(1). + + [45.13](https://www.law.cornell.edu/cfr/text/17/45.13): + +>**(a)** *Data reported to swap data repositories.* +> +>**(1)** In reporting required swap creation data and required swap continuation data to a swap data repository, each reporting counterparty, swap execution facility, designated contract market, and derivatives clearing organization shall **report the** **swap data** **elements in appendix 1** to this part in the form and manner provided in the technical specifications published by the Commission pursuant to § 45.15. + +**Basically, the Director of the DMO has the authority to require the reporting of swap creation data for cleared transactions or those intended to be cleared to an electronic SDR and the CFTC can't do anything about it. However, Director McGonagle decided to extend relief.** + +# Past Relations/Actions + +While looking at the name behind the no-action letter, Vincent A. McGonagle, I found some interesting events. **Chair Gary Gensler** named [Vincent A. McGonagle the new Director of the DMO](https://www.financemagnates.com/executives/moves/regulatory-veteran-vincent-a-mcgonagle-appointed-director-of-cftc-division-of-market-oversight/) back on October 7, 2013 and his statement at the time indicated an alignment in goals: + +>I'm so pleased that such an accomplished professional as Vince will lead the Division of Market Oversight, as we work to increase transparency and promote market integrity in the futures and Swaps markets. + +However, Director McGonagle relieved the Prior Jurisdictions of certain swap data recordkeeping and reporting requirements starting December 20, 2013, just two and a half months after being appointed Director. Just two weeks later [Mr. Gensler left his position as Chair](https://www.cftc.gov/About/Commissioners/FormerCommissioners/ggensler.html) on January 3, 2014, [planned as early as October 3, 2013](https://www.dowjones.com/scoops/cftc-chairman-gary-gensler-stepping/). Here's the current timeline at a glance: + +https://preview.redd.it/rjxu5nfdkrx91.png?width=1225&format=png&auto=webp&s=bcb26f7d963d0190bebade72f631b9e0aa46d8be + +Additionally, I found that Director Gary Barnett of the Division of Swap Dealer and Intermediary Oversight (DSIO), a division created to enhance the CFTC's regulatory efforts, [issued a no-action letter as well](https://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/13-78.pdf) on the same day. Chair Gensler **also** [appointed Director Barnett](https://www.cftc.gov/PressRoom/PressReleases/6095-11) but back on August 22, 2011. His statement for the appointment shows similar motivation for the future of the swaps market: + +>His derivatives expertise will be essential to leading the CFTC’s new division, which will be integral to implementing the Dodd-Frank provisions that will lower the risk of the swaps market to the overall economy. The division also will provide necessary oversight of this market. I welcome him to our team and look forward to working with him. + +This no-action letter relieves non-U.S. SDs and non-U.S. MSPs in the Prior Jurisdictions from compliance with regulations 23.600(c)(2) and 23.608 as well as 23.609 for **just Switzerland** (we'll come back to this later). [23.600(c)(2)](https://www.law.cornell.edu/cfr/text/17/23.600): + +https://preview.redd.it/599psxia0qx91.png?width=1770&format=png&auto=webp&s=deb813891cf91589f403c7e192a362278c7c6eee + +[23.608](https://www.law.cornell.edu/cfr/text/17/23.608): + +https://preview.redd.it/mourhjxa0qx91.png?width=1470&format=png&auto=webp&s=f70ab64653d02d960a9f117787187a415d24ffff + +Rules [1.74(b)](https://www.law.cornell.edu/cfr/text/17/1.74#b), [23.610(b)](https://www.law.cornell.edu/cfr/text/17/23.610#b), and [39.12(b)(7)](https://www.law.cornell.edu/cfr/text/17/39.12#b_7) mostly deal with timely acceptance/rejection of submitted trades. The rest of **the letter relieves the Prior Jurisdictions from needing to provide Risk Exposure Reports to senior management/CFTC and allows the limits and restrictions for counterparty clearing relationships (surprising).** Looking at the delegation of authority to the DSIO, the Director of the DSIO has similar authority as the Director of the DMO. [140.93](https://www.law.cornell.edu/cfr/text/17/140.93): + +>**(a)** **The** **Commission** **hereby delegates**, until such time as the Commission orders otherwise, **the following functions to the Director of the** Division of Clearing and Risk and **Division of** **Swap Dealer** **and Intermediary Oversight** and to such members of the Commission's staff acting under his direction as he may designate from time to time: +> +>**(1)** All functions reserved to the Commission in § [4.12](https://www.law.cornell.edu/cfr/text/17/4.12)(a) of this chapter. +> +>**(2)** All functions reserved to the Commission in § [4.22](https://www.law.cornell.edu/cfr/text/17/4.22)(g)(3) of this chapter. +> +>**(3)** All functions reserved to the Commission in § [4.20](https://www.law.cornell.edu/cfr/text/17/4.20)(a) of this chapter. +> +>**(4)** All functions reserved to the Commission in § [4.5](https://www.law.cornell.edu/cfr/text/17/4.5)(c)(2)(ii) of this chapter. +> +>**(5)** All functions reserved to the Commission in § [4.6](https://www.law.cornell.edu/cfr/text/17/4.6)(b) of this chapter. +> +>**(6)** All functions reserved to the Commission in §§ [23.150 through 23.161](https://www.law.cornell.edu/cfr/text/17/part-23/subpart-E) of this chapter. +> +>**(b)** The Director of the Division of Clearing and Risk and Division of Swap Dealer and Intermediary Oversight may submit any matter which has been delegated to him under paragraph (a) of this section to the Commission for its consideration. +> +>**(c)** **Nothing in this section may prohibit the** **Commission**, at its election, **from exercising the authority delegated to the Director of the** Division of Clearing and Risk and **Division of** **Swap Dealer** **and Intermediary Oversight** **under paragraph (a)** of this section. + +Sections 4.12(a), 4.22(g)(3), 4.20(a), 4.5(c)(2)(ii), and 4.6(b) cover [Commodity Pool Operators](https://www.investopedia.com/terms/c/cpo.asp) (CPO), someone who oversees commodities investments, and [Commodity Trading Advisors](https://www.investopedia.com/terms/c/cta.asp) (CTA), someone who gives advice regarding the buying/selling of commodities. Sections 23.150 through 23.161 cover [initial](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=d4cfdbfce174691b1a9347234589630c&term_occur=999&term_src=Title:17:Chapter:I:Part:23:Subpart:E:23.152) and [variation](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=ee5ecfea255aa32200c80c43ef14e154&term_occur=999&term_src=Title:17:Chapter:I:Part:23:Subpart:E:23.153) margin, including the **collection and posting of collateral**. + +**The Director of the DSIO has the authority to exempt persons from the definition of either a CPO or CTA and enforce rules surrounding initial and variation margin. Just like the Director of the DMO's authority regarding certain regulations, the CFTC can't do anything about the Director of the DSIO's, either.** Let's add the DSIO to the timeline: + +https://preview.redd.it/1j7m1uwdkrx91.png?width=1354&format=png&auto=webp&s=e6375aed0ee8762515b56e2539151c6ed42b4220 + +**What We've Uncovered So Far: Both Directors of the DMO and DSIO have ultimate authority with certain regulations as far as the CFTC goes. Both Directors were appointed by Chair Gensler. Both issued no-action letters on the same day relieving the Prior Jurisdictions from certain requirements.** + +# Tangent: What Else Happened in 2013? + +[Debt Ceiling Crisis](https://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2013#Debt_ceiling_suspension) \- Congress spent more than what the Treasury held to pay their bills. The US reached the debt ceiling on January 2, 2013. A government default would have likely collapsed the bond market, destroying banks' balance sheets since they hold a lot of Treasury bonds on their books. On October 16, the Senate passed the Continuing Appropriations Act which funded the government and suspended the debt ceiling until February 7, 2014 (followed by a series of laws that suspended debt ceilings through 2021). Banks could breathe a sigh of relief until the next debt ceiling crisis or abuse the debt ceiling suspension. Which do you think is more probable? + +After Directors McGonagle and Barnett issued those no-action letters on **December 20, 2013**, there was a noticeable jump in [overnight RRP agreements in Treasury securities](https://fred.stlouisfed.org/series/RRPONTSYD) over the next four years: + +https://preview.redd.it/208u7ioc0qx91.png?width=1822&format=png&auto=webp&s=e6b98c75401007a32e2da9bf0113201a25e8cb33 + +The **very next day** on December 21, 2013, a CFTC order from January 7, 2013 expired which used to allow non-U.S. SDs or non-U.S. MSPs to defer compliance with any [Entity-Level Requirements](https://www.cftc.gov/idc/groups/public/@lrfederalregister/documents/file/2013-17467a.pdf) (those that relate to the core operations of a firm) for which substituted compliance would be possible. Entity-Level Requirements consist of capital adequacy, the chief compliance officer, risk management, **swap data recordkeeping**, and **swap data repository (‘‘SDR’’) reporting**. The order's process is similar to the CFTC's for comparability determination where an acceptable substituted compliance would be acceptable. Interestingly, this order came just five days after the debt ceiling was reached for the firs time that year. + +The letters issued on December 20 seem to have had some effect on RRP. With the debt ceiling suspension, it opened the floodgates once regulatory relief was provided. *Speaking of debt ceilings, fun fact, Director Barnett was appointed just* ***three weeks after*** *the debt ceiling was raised that year in 2011.* Let's review the timeline one more time: + +https://preview.redd.it/sf13bvbd0qx91.png?width=1337&format=png&auto=webp&s=2e3887906b91bd519b781f0ae219cf79702a62e1 + +**Remember that rule just for Switzerland?** + +It deals with a clearing member's risk management and recordkeeping requirements for regulatory records. The relief covers a lot of stuff that Credit Suisse's home branch wouldn't have to worry about regarding risk management and swaps reporting/recordkeeping. [23.609](https://www.law.cornell.edu/cfr/text/17/23.609): + +https://preview.redd.it/4fywfahe0qx91.png?width=1177&format=png&auto=webp&s=e94d4561d4781db0f09e8be48953fb605b925a04 + +[1.31](https://www.law.cornell.edu/cfr/text/17/1.31) is lengthy but very broadly summed up in (b)(3). **SDs and MSPs that are clearing members of a DCO in Switzerland were relieved from establishing and monitoring their risk-based limits, including written procedures and systematic records. They were also relieved from keeping regulatory records of swaps.** Speculation: I believe Credit Suisse needed help in 2013 and were given relief from swaps recordkeeping and reporting requirements to ease their burden while navigating through the US debt crisis. To be fair, Switzerland is an important ally. *Back to the main discussion.* + +# Gary Gensler + +With what we've seen in this post so far, Chair Gensler doesn't seem to project a retail-friendly approach by appointing Directors of the DMO and DSIO who both provided relief. It'd be fair for anyone reading this so far to think that Chair Gensler is just another cog in the corrupted machine but I'd like to provide an alternative argument: Chair Gensler is doing more than we think. + +His time as Chair of CFTC was just as aggressive as his current position as SEC Chair. He was tasked with reforming the swaps market and, based on his [testimony before the Senate Banking Committee hearing on OTC derivatives](https://www.cftc.gov/idc/groups/public/%40newsroom/documents/speechandtestimony/chairmanmessage_par2009.pdf), he's very clear he wants large reform: + +>The last 12 months have taught us much about the new realities of our financial markets. We have learned the limits of foresight and the need for candor about the risks we face We have learned that transparency and accountability are essential. Only through strong, intelligent regulation—coupled with aggressive enforcement mechanisms—can we fully protect the American people and keep our economy strong. + +Chair Gensler must have hit a nerve at some point because the DTCC even [sued the CFTC](https://www.cftclaw.com/dtcc-sues-cftc-anticompetitive-swap-trading-data-rules/) on May 3, 2013, claiming the CFTC made "anti-competitive rules" regarding swap trading data that favor two rival companies. I looked at the [case text](https://docs.justia.com/cases/federal/district-courts/district-of-columbia/dcdce/1:2013cv00624/159672/32) and it's actually kind of wild (pp. 3-4): + +https://preview.redd.it/f6il2qxe0qx91.png?width=787&format=png&auto=webp&s=f9b3dcd1a142b16a52156638eeca47dc431be767 + +**The DTCC was trying to mask their own deficiencies by politely threatening with an unlikely fragmentation of the market based on the following reasoning: reporting too much data**. Captive (affiliate) SDRs share control of the SDRs under their DCO. It's kind of decentralized in that way so how would that fragment swap data if DCOs share their data with their captive SDRs, SDRs that are in general agreement with one another? If anything, especially considering the DTCC themselves admitted to their SDR not being affiliated with a DCO, it's more likely the DTCC poses the "systemic risk to the market as a whole" and that's without even talking about GME. Imagine that, a Self-Regulatory Organization (SRO) who poses systemic risk in more than one market. I mean, are you kidding me: + +>Plaintiffs also claim that permitting DCOs to require that cleared swap data be reported to their affiliated SDRs injures the public interest... + +If you happened to come across [The SEC Proposed Better Recordkeeping and the DTCC Does NOT Want It](https://www.reddit.com/r/Superstonk/comments/yfzrlh/the_sec_proposed_better_recordkeeping_and_the/?utm_source=share&utm_medium=web2x&context=3), you may recall how Omgeo (now a subsidiary of the DTCC) took no-action positions regarding the maintenance of records available through an electronic document delivery system due, in part, to: + +https://preview.redd.it/71qrafztvqx91.png?width=1338&format=png&auto=webp&s=8f47ce1b677342d0bedf3f119f4933ed1733fc3f + +Yes, they want to keep better care of their records and ensure they're accessible by **not** making records available online. Clearly the DTCC has a history of looking out only for themselves but should we be surprised? it's an inherent trait that comes with SROs but I digress. + +It's apparent that Chair Gensler recognized the benefits of promoting competitive and transparent markets, just as he stated in his first [testimony before the US Senate Committee on Banking, Housing, and Urban Affairs](https://www.sec.gov/news/testimony/gensler-2021-09-14) as SEC Chair, "We keep our markets the best in the world through efficiency, transparency, and competition." The point is that **Chair Gensler is consistent with what he aims to accomplish and his time in both the CFTC and the SEC thus far does not seem to indicate otherwise**. There's even evidence to suggest [he may actually get stuff done](https://www.reddit.com/r/Superstonk/comments/yak3hj/saturday_morning_dd_what_do_gary_genslers_bosses/?utm_source=share&utm_medium=web2x&context=3). u/Conscious_Student_37 did a fantastic job bringing an objective view to the table. I highly recommend giving it a read but essentially Chair Gensler has done much more than his predecessors and has pushed the limits of his authority which has resulted in a lot of complaints from the Old Guard. Wherever he goes, complaints from big players seem to follow. + +With that said, **I believe Chair Gensler is getting his ducks in a row before pulling the trigger on major reform that'll promote swap market transparency and efficiency while also introducing more competition. Because the Enumerated Jurisdictions haven't submitted their finalized requirements, it'll take time before the comparability determinations can take place.** Speculation: That may be why he left the CFTC at the time. After all, he already knew the process would take a while and it looks as if he's done what he wanted at the CFTC... for now. + +To put into perspective how the current swap markets stand I've included below a discussion regarding [cross border regulatory arbitrage risk](https://www.cftc.gov/sites/default/files/2020/11/2020-21568a.pdf) (risk from loopholes between U.S. and foreign regulation meant to circumvent unfavorable regulations) (pp. 75502-75503): + +https://preview.redd.it/xuey8kif0qx91.png?width=756&format=png&auto=webp&s=609a981b7a52c3f68a9cef9bd5202e05fb90222f + +I understand regulators should protect their market participants but the above statements convey both an extreme sense of fragility and a lack of confidence in their own markets. The CFTC even states U.S. SEFs receive quotes from three parties "to facilitate price discovery and promote fair competition" compared to Europe's single-quote platforms. If they get quotes from three parties for the reasons they state, why are they so worried about what SEFs across the pond are doing (or in this case, not doing)? I came up with two main reasons: + +* the CFTC is legitimately trying to defragment the U.S. and non-U.S swap markets, creating a more consistent rulebook that both U.S. and non-U.S SDs and MSPs can harmoniously follow +* the swap markets are as fragile as the CFTC claims that a migration from U.S. SEFs to non-U.S. SEFs would, indeed, be detrimental to "many U.S. swap market participants" + +I was initially inclined to believe the latter is more likely but based on everything else I've found, I believe it's both. **Because the swap markets are so fragile, the CFTC is attempting to defragment them.** To do that, the Enumerated Jurisdictions need to submit their finalized requirements. Sooner submissions mean sooner reviews and implementation if accepted. The CFTC has been waiting so long that even [a commissioner is getting impatient](https://www.cftc.gov/PressRoom/SpeechesTestimony/mersingerstatement102822) to the point of blaming their colleagues: + +https://preview.redd.it/stoiaszf0qx91.png?width=1209&format=png&auto=webp&s=e2b60c630807c9c157e35d24fceb56606049cb5c + +We've reached a bottleneck that we can't open up ourselves. The Enumerated Jurisdictions have yet to finalize their requirements so we can move forward with the comparability analyses and determinations ([Letter No. 22-14](https://www.cftc.gov/csl/22-14/download), p. 2): + +https://preview.redd.it/eqqqx2s9nqx91.png?width=1395&format=png&auto=webp&s=4fedf678d10744742afb5285472b2a35877f20d7 + +The DMO, and by extension Chair Gensler, wants to get the show on the road but they also want to do it right. I'm not going to go as far and say the Enumerated Jurisdictions are preventing us from improving global swap markets, but I think everyone can agree if finalizing requirements dealing with derivatives (the financial instrument that keeps getting abused) is really a priority for them, twelve years is long enough. **Therefore, we really should be pressuring the Enumerated Jurisdictions.** Not to put too fine a point on it but Director McGonagle, the director Chair Gensler appointed for DMO, even included this statement on his first no-action letter on December 20, 2013 ([Letter No. 13-75](https://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/13-75.pdf), p. 2): + +https://preview.redd.it/sksgn68yqsx91.png?width=1455&format=png&auto=webp&s=e1389174faf6d649797961dcebe6d169649011f7 + +The DMO seems to genuinely want to get enforcement underway. However, due to the changes that were made to the definition of a U.S. person in the [Exemptive Order](https://www.cftc.gov/idc/groups/public/@lrfederalregister/documents/file/2013-17467a.pdf), the DMO thought it appropriate to give even non-U.S. counterparties that **are** guaranteed affiliates or conduit affiliates of U.S. persons relief so they can adapt the the changes. If the DMO provides relief for non-U.S. counterparties that are guaranteed affiliates or conduit affiliates of U.S. persons due to a definition update, **they're most definitely going to provide relief for those that aren't, for not finalizing their requirements which is meant to be analogous to our swap regulation as a whole.** + +**The proverbial ball is in the Enumerated Jurisdictions' respective courts.** +&#x200B; + +https://preview.redd.it/c0i7c2rgj7g81.jpg?width=1270&format=pjpg&auto=webp&s=1511d8c098ef56efdbe024d23c56c1b64ad7b085 + +&#x200B; + + + +It has been over 3 years after Facebook's announcement of the plans to launch their own stablecoin project Libra which has gathered more that a billion USD from various well known companies and institutions as well. So, for now the project is almost abandoned and dead as per bloomberg. "Meta" recently announced that they are planning to sell the project. + +Obviously, this is a clear example why you should avoid VC funded centralized projects with CEO, CFOs. All those schemes are vulnerable to regulatory annihilation or chief executive rug pull. +This is why El Salvador is bitcoin only! +So I got to thinking. There are over 800k members here in SS and RC only has 354k followers on Twitter? This tells me that a TON of shills are here and probably lots of lurkers too. But you would think they would follow RC too right? Even if they were shills..so they could keep up with us. Wondering what kind of demographic these are? Could it be that many people around, just.....watching us? With no involvement on either side of this saga? That's a lot of eyes. Or is there there actually that man accounts created as "burner accounts" used to keep a lid on us from within? If I was a SHF and knew this was a war, and not a battle. Wouldn't you think the smartest way possible would be to build a ton of account, to lightly cheer us on, and then turn when they need it? I mean like when moass actually does start, they have an army of hundreds of thousands of shill bot accounts at the ready, to deploy to try to keep a lid on this thing? Especially if you knew you had some can kicking room at the start. + +Something tells me, that one of the most likely indicators of moass beginning will be when nearly ALL of the members are online in SS. That will be when you know. The only hope that have is to try and scare paper handers with claiming it's the top, with bot accounts by the hundred thousands at the same time. + +Hodl that shit. Leaky swaps don't mean shit. If moass is truly about to start, they won't tell you about it the night before hahah. + +EDIT* +Been reading the comments.. For those of you thinking I'm trying to get people to get a twitter account and follow RC, just stop. You look stupid and clearly can't read, because I didn't say that at all. And I only got Reddit because I discovered GME (before the sneeze in Jan21). And I only got twitter for RC (again, because of $GME). So when you comment about how I have some prerogative, or that I'm implying that everyone is supposed to or was assumed to have had a twitter account....get real, grow up and find something else to waste your troll time on. I never said any of this. And never had any preconceived notions. And those that have one don't use it and don't "want" to follow him..well that's dumb too. Because it's proven that followers is the gateway to exposure and that AND DRS are two key factors. Sorry if you are in denial of the times we live in. Ugh lol + +And this isn't a platform for you to whine about Elon nor Kiss his ass. So give that up too, ya bunch of belly archers +For 2017 the stock market plus my own savings contributions brought my total to $990,000. I also bought my father a 20k car, so actually without that I'd be over the 1 mil mark. I'm 49.5 right now, so I'm 12.5 years away from even minimal social security, and 15.5 years away from Medicare. I have zero debt. + +Anyway, now I'm on that edge. I have a job I don't particularly like, but it's paying the bills and comes with decent medical. After some computations I figured out that my annual expenses are around 50K; I live in a relatively high COL area. If I left my job I'd be on the hook for medical insurance, so that would be an additional expense. + +I rent where I live right now, but I also own a house (outright) in a different area - I can't afford to buy anywhere near where I work right now. The home I rent out offsets the repairs, so it's kind of a wash there. If I quit my job and moved back into my house, I MIGHT be OK, but I'd have to leave the job market where my skills are more in demand. And I'd have to leave the sweetie behind, because there's no way in hell he's leaving his cush high paying gig. We're not married, but we have a cat together. A very wonderful, handsome cat. + +Logically I know I should wait a year or two to get that sweet sweet cushion, but I can just taste the freedom NOW. And it's making me crazy. I can't stop compulsively running numbers on my calculator, trying to see how conservatively I could invest and still be able to stop working, then how cheaply I could live, etc. My life has turned into a set of spreadsheets that I conjure up when I am distracted. Then I head over to firecalc and friends and go even nuttier running simulations. + +I just had to get that off my chest. I'm not sure what to do about it; I figure there must be a few folks here who also went a little loopy when they got CLOSE but weren't quite there yet. +I'm not sure where the disconnect stemmed from, but day 1 of the dividend-split was never meant to be the end, but rather the *beginning* of the end that is near. + +What we're seeing is some brokers taking up to 5-7 business days to locate shares. Some of them are so desperate that they are (allegedly) force-selling shares, and rebuying synthetics to fulfill the dividend/split obligation. + +While some people are pissed, I see it as a great opportunity. If we've been given 3 or 4 times the shares in synthetics, now is the time to DRS and cause maximum destruction. + +Chill out and DRS your shit, fam. +DTC: [Notice of Filing of a Proposed Rule Change to Provide Settlement Services for Transactions Entered Into Under the Proposed Securities Financing Transaction Clearing Service of the National Securities Clearing Corporation](https://www.sec.gov/rules/sro/dtc/2021/34-92572.pdf) (Release No. 34-92572; File No. SR-DTC-2021-014); see also [Exhibit 5](https://www.sec.gov/rules/sro/dtc/2021/34-92572-ex5.pdf) + +[https:\/\/www.sec.gov\/rules\/sro\/dtc\/2021\/34-92572.pdf](https://preview.redd.it/lr9sx7zu7mf71.png?width=816&format=png&auto=webp&s=4365e24691b9df699d6756fb415e8ecc02b76a2d) + +https://preview.redd.it/65vbifzg8mf71.png?width=745&format=png&auto=webp&s=2472245d8805725712a681616f0fde7702249fed + +https://preview.redd.it/99vb5ifr9mf71.png?width=562&format=png&auto=webp&s=be545d3394d185570b3c18f4b2912fdd518d988e + +[The complexity of these rules is out of control! Going to have to read it six more times to halfway understanding before trying to comment furhter... wowsers... ](https://i.redd.it/n8gvnvqw9mf71.gif) + +https://preview.redd.it/8oymdccwcmf71.png?width=650&format=png&auto=webp&s=1f0227e10e27f50d1a867e201180e1e2b6c4b794 + +https://preview.redd.it/ty83uk2zdmf71.png?width=582&format=png&auto=webp&s=43cd6b963a35ebce08a6521c3c05707d92738447 + +https://preview.redd.it/o0639pmdemf71.png?width=572&format=png&auto=webp&s=30b633a26fbbb8027dcf9f444a3248b0b0072642 +I've been reading the biography of Ben Franklin by Walter Isaacson and it's terrific. There is a tremendous amount of material about the values of industry and frugality, and a lot of really interesting facts. For example, Ben Franklin did not own his own home until in his fifties despite being wealthy and retired since his forties, although he owned rental property. He owned one wooden bowl that he used for breakfast because he didn't want to spend the money being extravagant despite already being wealthy. And he talks consistently to his children about working for someone else means your always going to be compromised and encouraged them to open there own business. He's basically the original FIRE symbol. +I know I know. Rich people spend millions all the time, but when we are facing a worldwide child hunger crises that is far surpassing the annual 3,000,000 child hunger deaths we had pre-virus, giving this guy Clout in the media is a FK'N Travesty. + +https://www.aljazeera.com/news/2022/2/15/un-hunger-crisis-threatens-half-of-somalias-young-children + +That's just one clip from dozens of articles we see everyday in dozens of countries. + +Now, I'm not trying to push sob stories here, it's really the poor principles we let run wild in today's world. + +You have to think about this stuff. Start talking more about it, and inform as many as possible that our choices on who to champion have to change, and it's better to do whatever you can to make life better as a whole for everyone else. I'm not talking miracles here. Just help when you can. See your neighbors trash can tipped over, pick it up. See a car broke down on the side of the road. Stop. At least 100 cars drive by someone broken down before someone stops. Most of those people driving by will say "ah.. they'll be fine. Someone will stop for them". + +That's just the point. There's not enough people stopping to help out. + +the end. +Per the title, I'm looking to do a better job at budgeting groceries. I spend waaaaay too much for a single person that lives alone. + +I'm not exactly eating ribeye steak every night (heck I rarely even buy ground beef or rotisserie chicken for that matter) but I do purchase a lot of organic and/or pasture-raised products. I also don't cook very often so about 50-60% of the food I buy is premade in some way (soup cans, frozen meals, salad kits, etc). + +I'm a bit embarrassed to admit but this month (January 2022) I've spent almost $600 in groceries. I'm including things like paper towels, toiletries, dish soap, etc in that total which I'm sure pads it up a bit, especially since I try to buy products that are more eco-friendly or easier to recycle (and usually much more expensive). + +Obviously that's a lot for someone who lives by themselves, and considering I take home a little over $2k a month that $600 is a pretty sizeable chunk. Not to mention how much I spend on eating out on top of that $600. This month my takeout forays cost nearly $200. + +And the worst part of it all, is I have to throw out so much food. It either spoils too quickly or I might have an episode of lack of appetite which means I throw out my leftovers far more than I'd like. So much horrible, horrible waste. + +&#x200B; + +Clearly I'm out of control and it's starting to really hurt in the wallet. I'm not saving like I should be. So, I figured I may as well start by asking for help here. Are there any good tools I can use to set up a budget for groceries? Any advice on meal planning? If it helps, I typically only go to the store once a week. + +&#x200B; + +Edit: Alright I can't really keep up with replying to everyone. However I'm reading everyone's comments until I have to head into work. THANK YOU to everyone for all the advice! Seriously. + +I feel a bit silly for not developing these habits and life skills sooner and the fact I've waited so long to face the music is telling. I've been living way above my means for too long and I'll be taking a lot of this advice to heart next time I go grocery shopping. It took some hemhawing to finally sign up and post here but I'm glad I did. + +&#x200B; + +2nd Edit: Mother of god so many people commented. I have a game plan for my next grocery trip (stick to a list, buy more frozen produce instead of fresh so less will spoil, get a crock pot/insta pot, work on my cooking skills, beans bean beans beans!). With luck I'll be saving at least a few hundred dollars a month. I literally can't thank you guys enough for all the wonderful advice. +Anything you would like to add or tell about things you learnt about losses. Because everyone had them at the start of their trading careers. Would love to hear how they made you a better person and one reason you think you SHOULD have them. +Hello all! I’m a regular lurker and occasional participant in this community, but I’m posting this on a throwaway because I’m a C-level executive of a public company and my regular account can probably be linked back to my real identity. + +In short my liquid net worth is about 10M, 80% of which came from a partial liquidity event in my company in early 2020. We’ve since gone public, and I have illiquid stock worth another 14m (about half of which is vested), and I have another 50-60m in black scholes value of options, so a ton of skew if the company does well. I mostly try to think of any illiquid company stock (and definitely out of the money or at the money options) as funny money that doesn’t exist, but it’s a consideration nonetheless. + +I have no real estate. About 1M of my NW is in tax deferred accounts (401k and Roth IRA), and the remainder is in taxable brokerage accounts. + +70-80% of my net worth is currently in cash, and I have a ton of anxiety about getting it into the market. I go back and forth about how reasonable this is - most of it came to me right as the pandemic hit, and the market was first in free fall and then felt frothy. Also I have a ton of highly volatile exposure to the market via all that company stock, and while I’m very confident of our prospects that doesn’t feel like something I can bank on. I live in a VHCOL city and want to stay here, but we don’t want to buy yet because we a) don’t have kids yet and b) don’t know where exactly we would want to live because my wife is still figuring out the location of her long term career. + +Any advice either on whether to more aggressively deploy, or more importantly on how to overcome the psychological concern? I feel like if the market goes south after I put the money in, it would sting a ton - both my company and my portfolio would lose value at the same time - and my company is relatively high beta so if the market stays great my company stock has a higher chance of being worth a lot. I have a wealth manager who I don’t really pay right now - he’s betting on me as a more valuable future client - and he’s been encouraging me, I’m averaging in about 1M over the course of this year into broad market ETFs. + +I’m not particularly frugal, but my rent is low as a percentage of my income. I have annual cash comp in the 1-2M range and get more options of high black scholes value annually. + +Thanks! +My wife and I expect that some time, a ways down the road, we'll be subject to estate tax, so we've been maxing out the annual gift tax exemption for our kids (now 4 and 7) since they were born. To date, we've just done this with 529s, but the 529s are starting to get big enough where it doesn't necessarily make sense to continue contributions. + +So, if continuing to contribute to 529s doesn't make sense, but we're still in a kind of default mindset of "well, we have a $60k annual exemption here, we should probably use it" (2 adults x 2 kids x $15k), what are the next things we should be looking at? + +And, yes, I know this is really a question for a qualified estate planner, but I've found the most effective way to work with many financial professionals is to first tap the reddit hive-mind for ideas. + [https://www.wsj.com/articles/twitter-tiktok-have-held-preliminary-talks-about-possible-combination-11596925449](https://www.wsj.com/articles/twitter-tiktok-have-held-preliminary-talks-about-possible-combination-11596925449) + +Twitter has had preliminary talks about a potential combination with TikTok, the popular video-sharing app that the Trump administration has declared a national-security threat due to its Chinese ownership, according to people familiar with the matter. + +It is unclear whether Twitter will pursue a deal with TikTok, which would face significant challenges. A deal would involve TikTok’s U.S. operations, the people said. +Alright friends, it's time for yet another "it's your money or your life" post. Quick background information time: gf and I want to get married and move in together. As per our frugal nature, we are planning on a very cheap courthouse wedding with our close friends and family, "white dress" wedding will be put off till we can afford it. However...she doesn't have a job lined up yet in my area. As common sense would go, employers highly prefer locals who are already living in the area. We expect it would take her 3 months or less to find a job once she can officially prove that she lives in the area. + +Anyway, in the interim where she is looking for a job, obviously the bills would fall to me. However...the math looks like we would actually be just fine. Take a look at my numbers and tell me what you all think. + +Estimated Rent: 685 + +Estimated Renter's Insurance: 17 + + +My Car Insurance (Car itself is fully paid off): 125 + +*Quick note here on car insurance, this rate will go way down once I turn 25 this year + +Estimated gas budget: 50 + +My Health/Dental Insurance (automatically comes out of paycheck): 68.58 + +Phone plan + Phone Payment: 58 + +Estimated Groceries for two people: 384 + +*Source: [USDA](https://www.cnpp.usda.gov/sites/default/files/CostofFoodApr2017.pdf) + +My medical prescription: 25 + +Taxes in the 15% bracket + Social Security Tax + Medicare Tax: 472.87 + +My hourly rate: 14.84 at 37.5 hours a week plus opportunities for overtime + +With these numbers, even accounting for months with *zero* overtime, I'm posting about 500 in the green after all expenses, taxes, and health care deductions. Her parents will temporarily be paying for all of "her" expenses such as her health insurance, gas, her car, etc. Thoughts? + +Edit 1: All utilities are included except an optional cable plan, which we won't be buying. + +Edit 2: Added federal taxes. Location does not carry state or local tax + +Edit 3: Added Social Security and Medicare Taxes. +Since DFV went silent for some time i thought about checking out Ryan Cohens tweets from the last months. That wasn't forming any wrinkles besides having some good laughs. + +But! remember there was a tweet today that margin calls would happen today. I know that has nothing to say, we don't know if it's true and by now we know a margin call doesn't mean anything. +If you look at Ryan Cohens tweet from last week (thursday) - it was the one with "Dios Mío Han matado ha Kenny" - maybe Kenny really went down. +If i remember it correctly, after a margin call you've got 2-5 days to adress that margin call and today it's 5 business days since last thursday. + +So could it be, that Kenny couldn't meet the margin requirements? Would make sense to me why they tried to bring GME down a lot these last days. + +Don't want to hype this, just thoughts going through my mind and as a comment this would get lost in the daily thread. Would love to hear some of your thoughts on this. + +🐕DogeBTC Is now LIVE🚀 + +Do you like DOGE? Do you like Bitcoin? + +Then you are going to love DogeBTC - the token that pays you in BITCOIN + +Yes, our distribution is BITCOIN! 10% is automatically re-distributed among our community! 💰 + +DogeBTC is the brand-new reflection token that every member of the Dogearmy should have in their wallet. 🐕 + +It provides passive income of 10% Bitcoin Distribution. A minimum of 200k tokens is required to be held to qualify for dividend distribution. + +Wow this is awesome, how do I buy? + +Buy DogeBTC here: +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb3fa62eD37e885e3F6b98F1Bf9EAa724BB9afF39](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb3fa62eD37e885e3F6b98F1Bf9EAa724BB9afF39) + +Ok cool, but how do I claim BTC? + +It could not be any easier. Just buy and hold a minimum of 200k DogeBTC tokens to start receiving your Bitcoin rewards. + +You can add the BTC-B Binance Pegged Token +0x7130d2A12B9BCbFAe4f2634d864A1Ee1Ce3Ead9c to your metamask/trustwallet. This will allow you to view your rewards. + +And if that is not simple enough, then good news! A claims dashboard is on the way, allowing holders to track total BTC paid out and BTC earnings on the website. + +Incredible, but is this project safe? + +Liquidity is already locked and the project is 100% safe; there is absolutely no rug pulling risk at this stage. +Audited by DessertSwap Finance +Listed on CoinGecko +CoinMarketCap listing pending (fast track application currently in progress) + +What is the current market cap? + +With a low market cap of just $1 million, now is the perfect time to buy this newly listed token before it moons 🚀 + +WE ALSO BOOKED A BILLBOARD ON THE TIMES SQUARE IN NEW YORK CITY 😍😍😍 + +Further information: + +Website: [https://dogebtc.finance](https://dogebtc.finance/) + +Telegram: [https://t.me/TheRealDogeBTC](https://t.me/TheRealDogeBTC) + +Dashboard: [https://dogebtc.finance/dashboard] (https://dogebtc.finance/dashboard) + +Chart: [https://www.dextools.io/app/pancakeswap/pair-explorer/0xb3fa62ed37e885e3f6b98f1bf9eaa724bb9aff39](https://www.dextools.io/app/pancakeswap/pair-explorer/0xb3fa62ed37e885e3f6b98f1bf9eaa724bb9aff39) + +CoinMarketCap: [https://coinmarketcap.com/currencies/dogebtc/](https://coinmarketcap.com/currencies/dogebtc/) + +[ ](https://www.reddit.com/r/CryptoMoonShots/comments/oo31s9/dogebtc_earn_btc_by_holding/) +Okay so full disclosure, I bought a bag of this before the mysterious "announcement" yesterday. I tried to post here about it but my post didn't get listed for some reason. Hopefully because the project is so young but I'll try again. DMDHANDS is like 4 or 5 days old and they have already locked in a Satoshi Club AMA for the 30th of March. Pretty bullish for a young coin on the BSC network. I dunno about you guys but I've bought like 10 shitcoins lately and 8 of them dunked on me. This one and ElonGate have been super solid though and the TG room for DMDHANDS is extremely encouraging. I'm not going to throw all the numbers at you but take a minute to check out their chart and pop into the TG room and see what they are all about. I love what I've been seeing in there. +DMDHANDS_MissionControl +I don't wanna post all the pancake info and stuff because this isn't a hard shill, it's a soft shill. I'm just saying you should check them out and ask them some questions. Anyways, give them a SHOT (get it?). +I've been accumulating a huge bag of $BMBO. Great community, great team, great memes. Super duper low market cap at around 3 million. I've been through a lot of meme coin pumps, and I have a strong feeling this one will moon hard. It's still very early, but a lot of respected twitter personalities have already been onboarded. The team's behind succesful NFT projects, so you won't need to worry about getting rugged. Get a phantom wallet if you don't already have one, and buy it on Raydium, Solape or Aldrin Dex. Solana has super low fee's so retail will have no problem aping into these sol meme coins and when phantom mobile wallet drops it will be literal rocket fuel. The project is less than two weeks old and already listed on 4 dexes. You can also check out Panda Street NFTs, find them on Magic Eden and the likes. + +Link to Discord: [https://discord.gg/CKd8DFQNJD](https://discord.gg/CKd8DFQNJD) + +Link to Twitter: [https://twitter.com/BambooCoin](https://twitter.com/BambooCoin) + +&#x200B; + +Now don't come and say nobody told you so, if you sleep on this one it will probably either cause serious FOMO or eternal regret. +I'll try to keep this short. + +My aunt somehow convinced my grandma to go to the bank and open a credit line of $11K. She cosigned because my grandma makes barely anything ($300/mo). The aunt used it for a couple years and took her name off recently. + +We just looked at the statements because we found out it was maxed with a $400/mo minimum payment. Grandma can only pay $300, mind you. The statements were all made on the aunt's card, with some obvious proof (based on amounts and shopping locations) that she was the purchaser. + +I just found out about this unfortunately. The aunt has refused to pay a dime because she's not on the credit line anymore. + +Is there anything that can be done? I'll appreciate any advice I can get. + +Edit: New stuff I've learned. There may be other documents signed by papa, who does have dementia. We don't know what he signed, because he doesn't know what he signed, or won't tell us. This is now the bigger red flag IMO, I'm thinking life insurance or something else monetary. He gets very angry about everything, and hasn't told the family what he signed, but I really just want to see this through and make sure that rights are made right. + +These are my spouse's grandparents, who are both elderly, and have worked all their life to make very little at the end, with their daughter taking full advantage and riding off into the sunset thinking all of this is okay. I don't want to see them go through this. + +This is all occurring in the state of Washington. I have plans to contact the WA DSHS (Social and Health Services). If it goes to the authorities stage, it will be initiated by them. + +Edit 2: Reading the comments, it's obvious now that "cosigned" is the wrong verbiage. The banks would not allow this. Which means that the aunt was just using the card, somehow "authorized", and that still doesn't sound right. + +I'm working on convincing the affected parties to prepare for Monday. The aunt footing the bill has already given up her life goals due to how much is owed on this card that her mom can't pay. Shitty ass aunt dumped her mom to her other sister after she was done with her, and she is in grandpa's ear like Jafar or some shit. She was taking him to the city to sign papers, and nobody in the family was aware of what was signed. Nobody wants to step on toes, which is fucking silly to me. + +I will use all my energy to ensure this gets right. +Yeah, a repost from last year. People seemed to find it helpful. + + +For those that compute future SS benefits it is time to update the data in your formulas. I don't know if the various online tools are updated yet or not but I assume they will be soon. This data impacts how much your prior years wages are worth and how much of your contributions go into the 90%, 32%, and 15% buckets: + +[https://www.ssa.gov/OACT/COLA/piaformula.html](https://www.ssa.gov/OACT/COLA/piaformula.html) + +[https://www.ssa.gov/OACT/COLA/AWI.html#Series](https://www.ssa.gov/OACT/COLA/AWI.html#Series) + +&#x200B; + +Last year's comments: [https://www.reddit.com/r/financialindependence/comments/q7l9lm/psa\_the\_social\_security\_national\_average\_wage/](https://www.reddit.com/r/financialindependence/comments/q7l9lm/psa_the_social_security_national_average_wage/) +* 90,000 subscribers on December 28 (1 month, 1 day ago) +* 80,000 subscribers on December 8 (1 month, 21 days ago) +* 70,000 subscribers on November 25 (2 months, 4 days ago) +* 60,000 subscribers on November 11 (2 months, 18 days ago) +* 50,000 subscribers on September 10 (4 months, 19 days ago) +* 40,000 subscribers on May 7 (8 months, 22 days ago) +* 30,000 subscribers on April 10 (9 months, 19 days ago) +* 20,000 subscribers on March 21 (10 months, 8 days ago) + +[WayBackMachine for /r/Bitcoin](http://web.archive.org/web/*/http://reddit.com/r/bitcoin) +Hi! I’ve recently been looking at places in the inner city (Sydney), and most decent places are at least a million. That’s definitely out of my budget, but that got me thinking. + +There’s a lot of people who talk about wanting the housing market to collapse so that younger people would have a chance to get a home of their own, so if it does collapse, what’s the kind of price range that homes in the inner city (Syd) would fall to? Like would a million dollar home drop to $800k? $500k? Or maybe even 1/10th at $100k? + +Is this something that people have estimates and theories for or is it impossible to predict? +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? +>"7170 BTC got stolen from our cold wallet in this transaction: + +>https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6 + +>720 BTC bounty for chasing it back. + +>All wallets have been shut down and withdrawals of unaffected coins will be arranged later." + + +Sorry to all who may have been affected by this.. I know how shitty it is to have things stolen from you.. :'( + +Note: +1,000BTC is currently [here](https://blockchain.info/address/1Muse5NL7nDPPHVreF2Gkq5wv5XLbC2Qtz) and another 1,000 [here](https://blockchain.info/address/14kgEXiKWCN46BEHVNwYjyuohFN83Uc5Jt) and [here](https://blockchain.info/address/1AFbZuU5PufViRhNCChw8br6beo6K78r2H), [here](https://blockchain.info/address/1MgM7WMAVteJ3k4PqfyB9AKdaBnHvdxvdG), [here](https://blockchain.info/address/1J4TJQKgh1phPMcsV8cbRkAhV2Q6V8wW25), [here](https://blockchain.info/address/1Q2MxBc9Zbe6A35mTcD5jyU8PMr4K6oqGC) + +This last tx is different than the rest, for whatever reason, i'm not sure: [170BTC](https://blockchain.info/tx/28b3009c7ad8898077b348a943a9c5d8187e1e53e85893d17999b9125bbbab10) +I'm unfortunately one of those people who is seeking FIRE because I cannot stand working in my profession (niche practice of corporate law). I started out working at a big firm and am currently in-house at a Megacorp. I jumped at the opportunity to move to Megacorp because of all the stories about how in-house jobs are hard to come by, cushy and infinitely better than big firm life. + +While the hours at Megacorp are better than firm life, everything else is the same -- endless stacks of paper, constant negative stress, lack of control or meaning, culture of "if you act happy it must be because you don't have enough work to do", 24 hr on-call including while on "vacation" and over holidays -- I could go on and on. Everyone around me seems miserable and this is something I've observed for the entire time I've been practicing in the profession. + +The mentality and realities of the job have impacted and continue to impact my personal life negatively. In particular, I'm frequently moody, quick to anger, frustrated and (from what I understand from family and friends) incredibly difficult to be around. I get into loops where I cannot stop thinking negatively about life in general and cannot stop thinking about work and it poisons everything around me. + +Rightly or wrongly, I look at FIRE as a savior of sorts from my current life, which revolves around work. After reading countless stories around the interwebs, however, I fear that what I'm experiencing is not relegated to my profession but is inherent to most fields and jobs. This makes me cling to FIRE even harder, and keeps me locked in at Megacorp as the salary and benefits are probably one of the fastest ways to get to FIRE (I'm 2-3 years away from my FI number). + +I'm looking for advice on how to improve my situation and gain some self control over my moods and negativity (as I fear its ruining my personal life) and whether I am right to be reluctant to jump ship and try a new career when I'm so close to reaching FI and live in a HCOL area (my gf just got a huge raise and promotion so we'll be staying at least another year). I exercise regularly, eat well, practice gratefulness (on and off), volunteer and have tried therapy in the past, but am still facing the same issues. I'm actively job searching, but reading job descriptions for jobs that actually match my skill set depresses the hell out of me, it all looks like more of the same BS. + +I know there this group is an extremely smart and adaptable bunch -- any wisdom you could impart would be greatly appreciated. + +Would you like to explain to the jury... + +1) Why you launched a new altcoin market with the SELL button disabled? + +2) Why the price of the altcoin skyrocketed 30%+ hours BEFORE the launch? + +3) Why you didn't credit your customers this altcoin BEFORE launching the market? + +4) Why all of this was done entirely without any warning to customers (except the insiders apparently)? + +5) How dumb you are for thinking this would all be fine? +With all the drama and debate around the credibility of exchanges holding your crypto, exchanges have now released their own proof of reserves to gain trust and assure customers that they have enough crypto for their needs but one trend is clearly saying otherwise. + +The bitcoin supply on exchanges has just fallen to a new low since April of 2018, when the BTC price was just $6.9k and there were millions of fewer users on exchanges. + +&#x200B; + +[Chart from BTC\_Archive on twitter](https://preview.redd.it/wtdhnryfg50a1.jpg?width=1199&format=pjpg&auto=webp&s=0d926a11ef8caa395669cf87cf802bfccc7eb886) + +This trend clearly suggests that overall exchanges are having fewer and fewer crypto and its obvious that this is not proportional to the rising user numbers. So at one point many exchanges wont have enough crypto let every user withdraw in other words are not holding their assets 1:1 as hoped. + +Now we got a lot of proof of reserves suggesting that some exchanges indeed have good balance sheets but trusting those reports is an other question. ANd to be honest I would personally not want to take that risk with my money and be on the safer side by not having most of my crypto on exchanges and only have some there for trading actively or in the process of converting to fiat. +If you know anything about databases, you might recall that every single record in a database has a 'ROW ID', if nothing else (fancy indices, primary/foreign keys etc.) -- it's impossible to have a traditional database without the concept of *unique* row IDs. + +Many have called for the system to tie every individual ~~stock~~share to a serial number so everyone knows where each one is, and whether one being offered is a copy of a real one or not. They say it's not possible, somehow, or would take years of overhaul (oh boo hoo, they'd have to do some work). + +Now, put that together with the fact that this is all about MONEY. The thing most precious to these Wall St. bigwigs. Do you think there would be a chance in hell they would *ever* allow a trading system that didn't track every hundredth of a cent and its whereabouts, every single millisecond of every single day? + +So when any of the SEC, DTC, DTCC, FED, whomever -- say that it's 'too hard' or 'cumbersome' or 'not worth it' to track **each and every single ~~stock~~share, real or hypothecated**, they are LYING. It's that simple. + +Just a little thing to keep in the back of one's mind. The system is corrupt by design, not due to any lack of capability or information. + +“Beware of he who would deny you access to information, for in his heart he dreams himself your master.” + +― Pravin Lal + +EDIT: share, not stock, in a few places :p +FxHedgers said on Nov 26th that a HF was getting liquidated on the 29th (T+2). Then on the 30th we saw 11m shares appear in Fidelity. For 5 days the market tanks during liquidation. A week later a HF (Anchorage) declares bankruptcy and their 10m GME short position (100k puts = 10m shares) was reported. Hmm. + +https://www.reddit.com/r/Superstonk/comments/rholdr/why_did_anchorage_capital_go_down_look_at_what/ + +Positions don't just disappear. They have to be closed out or absorbed. If Anchorage decided to halt operations due to losses, someone had to take on their short positions. + +Where do you think hedge funds get their shorts from? If my theory is true, if you free up 10 million synthetic longs, there's more ammo to hammer the price down. Eventually your ammo runs out and boom, we reach support at $140. This was predicted in the DD months ago. The MOASS started in January, we are just slow burning everyday until we reach critical mass. Then, it becomes violent and explosive, OR, we reach the moon a la TSLA price action (which is also generally regarded as a short squeeze) but could take years (or until we lock the float). + +It would be interesting to see if Fidelity's public statement was true regarding Vanguard being the source of the 11 million shares. I wonder if there is a connection between Vanguard and Anchorage, or Anchorage and Citadel. + +Looking at the $SPY price action starting Nov 30- Dec 3rd, in my opinion, FxHedgers account is legit. Every time they said margin call, the market has tanked within 2 trading days. We really should look more into this, I just don't have the time or resources right now to do it. + + +👨‍🚀👨‍🚀👨‍🚀🚀🚀🚀🚀🚀🚀🚀🚀 +[https://www.bloomberg.com/news/articles/2021-04-17/biden-pick-gary-gensler-is-sworn-in-as-sec-chairman?utm\_medium=social&cmpid%3D=socialflow-twitter-markets&utm\_campaign=socialflow-organic&utm\_source=twitter&utm\_content=markets](https://www.bloomberg.com/news/articles/2021-04-17/biden-pick-gary-gensler-is-sworn-in-as-sec-chairman?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=markets) +Throwaway account + +I tried to move some money between my bank accounts (Bank A -> Bank B). I scheduled a $25K transfer on Bank A, and that transaction got cancelled because Bank A thought it was fraud. I called them, verified myself, and scheduled another $25K transaction. + +Everything was normal until I noticed that there were two $25K incoming transactions to my account at Bank B. I checked on Bank A's side and both of those transactions were marked as "Paid", while my balance only got deduced for $25K. + +I tried to called both of Bank A and Bank B to check what was happening. Bank A said the money never reached the Federal Reserve, so it was impossible that the transaction succeeded. Bank B said that they received the money and hadn't received any "recall" notice from Bank A. + +None of the banks are taking responsibility for that mysterious $25K. I tried calling each bank for an additional 2 times and the answers were the same every time. I know that it is not my money, and I do not intend to use it. I don't want to get into any troubles because of the banks' faults. What should I do now? +Having read through [NTSpike's recent post](https://www.reddit.com/r/Vechain/comments/7nxfgp/vechain_thor_enterprise_blockchainasaservice_with/), I thought I'd contribute with a collated list of VeChain's partnerships to date. Please read NTSpike's post first if you haven't already, it's even been [endorsed by VeChain CEO.] (https://twitter.com/sunshinelu24/status/949466550838296577) + +Now onto the partnerships! I encourage you to read further and delve into all the links for an overall understanding of what VeChain is trying to do. +_____________ +The main two + +- National Level support: [Gui'an New Area (Unique economic development zone, National level partnership)](https://medium.com/@vechainofficial/vechains-national-level-partnership-b3bc792cb1f1) + - [For further info regarding Gui'an with extra links] (https://www.reddit.com/r/Vechain/comments/7klb4z/info_on_guian_new_area/) + - [China on a Blockchain? Maybe in 2018] (https://www.coindesk.com/china-blockchain-maybe-2018/) + - Written by [Chun Yin Cheung] (https://www.pwccn.com/en/contacts/c/chun-yin-cheung.html) - PwC partner & committee member of VeChain Foundation who focuses on IT related regulatory compliance issues in China and Hong Kong + + +- Strategic Professional Services Partnership: [PwC China & PwC Singapore portfolio company] (https://www.pwccn.com/en/press-room/press-releases/pr-150517.html) + - "Incubation programme will help VeChain to accelerate their development, by providing the company with access to the Hong Kong and South East Asia markets and strategic advice leveraging on PwC extensive global network" + - "PwC as a worldwide network of over 223,000 professionals including specialists and technology providers for various industries. Professionals from our network of firms in 157 countries are committed to working closely with clients to address challenges and needs in every aspect." + +_____________ +The other partnerships + +- Global transport & logistics: [Kuehne & Nagel] (http://www.trustnodes.com/2016/09/06/worlds-largest-freight-company-use-blockchain-tech-asset-management) - [leading global freight forwarder, accounting for nearly 15% of the world's air and sea freight business by revenue] (https://en.wikipedia.org/wiki/Kuehne_%2B_Nagel) ($20 billion revenue company) + +- Conglomerate/Cold chain logistics/IoT: [DNV GL] (https://www.reddit.com/r/Vechain/comments/7js91n/dnv_gl_coldchain_logistics_and_the_power_of/) ($3 billion revenue company) + - Six business divisions: Maritime, Oil & Gas, Energy, Business Assurance, Software, Healthcare, Maritime Academy + - DNV GL is the world's largest classification society, represents a global market share of 21% + - Largest technical consultancy and supervisory to the global renewable energy and oil & gas industry - 65% of the world’s offshore pipelines are designed and installed to DNV GL’s technical standards + + +- Supply chain solution: [madeforgoods] (https://mp.weixin.qq.com/s?__biz=MzU0NzI5NzEyMQ==&mid=2247483673&idx=1&sn=ec2f59e92189f0cf0051d8a90e1afa92&chksm=fb51c317cc264a017fc7a7b1158ee9d78f07521a07cc369b53113dc7e01d892b1435435c478e&mpshare=1&scene=1&srcid=1116wOZ59KKW2NF0iBwLzpiE#rd) - [Tracking solution for consumer-centric International Packaged Goods companies] (http://global.madeforgoods.com/) + - [List of customers they serve] (http://global.madeforgoods.com/#references) + - Unilever [conglomerate that owns all of these brands you know] (https://en.wikipedia.org/wiki/List_of_Unilever_brands) ($64 billion revenue company) + - Saint-Gobain [international construction materials distributor] (https://en.wikipedia.org/wiki/Saint-Gobain) ($47 billion revenue company) + - Danone [international food company] (https://en.wikipedia.org/wiki/Danone) ($26 billion revenue company) + - Michelin [second largest tyre manufacturer after Bridgestone] (https://en.wikipedia.org/wiki/Michelin) ($24 billion revenue company) + - Lesaffre [dominates global yeast distribution] (http://www.lesaffre.com/group/) + - Eternal Asia [global supply chain management, 18 thousand employees] (https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=22595586) + - McCormick & Co [spice & herbs distributor, owns Old Bay seasoning] (https://en.wikipedia.org/wiki/McCormick_%26_Company) ($4 billion revenue company) + - Pernod Ricard [alcohol distribution] (https://en.wikipedia.org/wiki/Pernod_Ricard) ($9 billion revenue company) + - Monin [syrups distributor] (https://www.monin.com/) + +- Imported goods industry: [Direct Imported Goods] (http://www.maxkeiser.com/2017/07/chinas-largest-wine-importer-wants-to-place-wine-on-a-private-blockchain/) - [distribution centre for imported goods](https://www.reddit.com/r/Vechain/comments/7dl11o/vechain_and_direct_imported_goods_dig_another/) with [Shanghai local government backing] (https://twitter.com/vechainofficial/status/919280475994185728) + +- Healthcare industry: [Healthcare Co. Ltd] (https://medium.com/@vechainofficial/vechain-partners-with-healthcare-co-ltd-84bba69c95fb) +- Publication industry: [Hubei Sanxin Cultural Media Ltd] (https://medium.com/@vechainofficial/vechain-adding-publication-industry-capability-and-partners-with-hubei-sanxin-cultural-media-ltd-817cd1770367) +- Fashion industry: [Babyghost] (http://www.nasdaq.com/article/babyghost-and-vechain-fashion-on-the-blockchain-cm694925) +- Luxury/Perfume industry: [Givenchy] (https://i.redditmedia.com/CYwwVdiuChLyorMua0dBc4U6Ip2k6KUOK1qrfm5FQLk.png?w=431&s=fda2fa1c3a76f799cbd9dd48c1267618) +- Automobile industry: [Renault] (https://www.reddit.com/r/Vechain/comments/7j9xb2/solid_evidence_microsoft_france_official_channel/?sort=new) + via [work with Microsoft and VISEO] +(https://media.group.renault.com/global/en-gb/media/pressreleases/94238/groupe-renault-microsoft-et-viseo-sassocient-pour-creer-le-premier-prototype-de-carnet-dentretien-nu1) + + +- ATM solution/Adoption: [BitOcean] (https://medium.com/@vechainofficial/vechain-bitocean-7f12402e13b0) - fully licensed by the Japan’s Financial Services Authority, BitOcean is committing to buy and sell VET with their physical ATMs using Japanese Yen and growing VeChain alongside BitOcean’s global expansion + +- Technology partner/RFID solutions: [Xiamen Innov Information Technology Co. LTD] (https://medium.com/@vechainofficial/vechain-partners-with-xiamen-innov-information-technology-co-ltd-innov-b2fb547d1ed7) +- Technology partner/NFC/RFID solutions: [Jiangsu Printed electronics] (https://medium.com/@vechainofficial/introduction-to-vechains-new-partner-jiangsu-printed-electronics-co-ltd-e6b87582e3c2) - [Who are they?] + (https://www.reddit.com/r/Vechain/comments/7la51d/looking_into_who_is_jiangsu_printed_electronics/) + + +_______________ +Unconfirmed partnerships + +- $274B RMB [China Unicom] (https://www.reddit.com/r/Vechain/comments/7dc2ht/vechain_affirms_partnership_with_china_unicom/) - looking for extra sources to confirm or deny this, anyone have anything solid to confirm? +_______________ + + +Please let me know if I've missed any notable partnerships! + +I am still young and in college but reading through this community and currently working in an office with individuals who think they have to work until they are 65 has been incredibly motivating. I stumbled upon [this](http://cdn.zenpencils.com/wp-content/uploads/2012-11-13-chrisg.jpg) comic/quote a month ago and printed it out and put it on my wall. I think many in this community can relate. +I and my husband were looking at a house almost 3 weeks ago and discussed placing a potential offer with our lender, who at that time advised the interest rate at 1.5%. However, we did not go ahead with the offer for various reasons. + +This week, there was a similar discussion on another potential property, and they are advising that the interest rate would be 2.3% as apparently these have been rising sharply. +What is the reason for this rise? Are the lenders wary of economy going downhill pretty soon? + +This higher rate has meant that we must reconsider our finances as we would be paying more per month. But it's difficult to plan, as we do not wish to rush into buying only to lock in an interest rate, but if we don't, who knows where this might end! +We're collecting current GME posts here until this topic cools down. +Posting Date: Feb 1 2021 12:45 PM Eastern Time. + +We may renew this post with a new one every day or two. + A day by day process for the moderators. + +--- + +**GME thread archive** +•&nbsp;[ March 01-05 2021](https://www.reddit.com/r/options/comments/lv9799/gme_megathread_week_of_march_1_2021/) +•&nbsp;[Feb 25-28 2021](https://www.reddit.com/r/options/comments/lrpthe/gme_megathread/) +•&nbsp;[Weeks starting Feb 8 and Feb 15, ending Feb 21] +(https://www.reddit.com/r/options/comments/lfc12f/gme_thread_week_of_feb_8_2021/) + •&nbsp;[Friday - Sunday, Feb 05-07 2021](https://www.reddit.com/r/options/comments/lcycvf/gme_not_quite_mega_thread_feb_5_2021/) + •&nbsp;[Thursday, Feb 04 2021](https://www.reddit.com/r/options/comments/lc7dpd/gme_megathread_feb_04_2021/) + •&nbsp;[Wednesday, Feb 03 2021](https://www.reddit.com/r/options/comments/lbejyt/gme_megathread_feb_03_2021/) + •&nbsp;[Tuesday, Feb 02 2021](https://www.reddit.com/r/options/comments/laofpr/gme_megathread_feb_02_2021/) +•&nbsp;[Monday, Feb 01 2021](https://www.reddit.com/r/options/comments/la946z/gme_megathread_started_feb_01_2021) +•&nbsp;[Friday, Jan 29 2021](https://www.reddit.com/r/options/comments/l7tdea/welcome_gmerobinhoodcitadel_megathread_in_here/) + +--- +As the title says I’m recently sober. I have almost 10 months free from alcohol. I honest to God never thought I would be free from that awful place but here I am. + +I relocated to Austin, TX from Portland, OR to get sober and to stop being a weak loser at the age of 28. Now I’m 29. Around two months of being here, I put pen to paper about my finances. I accumulated around 50,000 total. Yikes, I know. I ended up paying off about 20,000 in 8 months. I still have a remainder of 30,000ish. + +I make 41,000 a year as a line cook. I get full benefits, 401k, paid holidays, small bonus at Christmas. I don’t start work until 3 pm every day so I was able to start walking dogs, house sitting, donating plasma, and whatever odd jobs. I’m moving into my own place in a couple months sooo I’m nervous. I’m single and have no kids. + +I’ve done life style changes to help save such as I dropped smoking, eating out, don’t buy expensive clothes, cut my hair short to not spend money getting it done, limit driving (only to jobs and back). I also invested in a MacBook so that I could teach myself how to code. I purchased some courses on Udemy, follow developers on twitters, and watch YouTube vids, and listen to podcasts. I’m actually getting quite good now. + +I couldn’t work a ton at the beginning because I had a legitimate drinking career (14 years). At ten months, I finally don’t feel like a freaking dumpster fire thats been put out and restarted a billion times. I would appreciate any advice on how to proceed from this point on. + +Goals: Financial Freedom, Career change, investments, emergency fund, spending money (mainly for furniture and things for my apartment), passive income + +I can bring in about 3,000 a month after insurance and taxes are taken out. I have to put aside time to code because I have a major income problem. + +Expenses: +Rent+Utilities: 1,150 +Car/Renters Insurance: 170 +Cellphone: 123 +Groceries: 350 +Gas: 120 +Student loan principal: 156 +Therapy: 60 + +Debt: +Student loans (federal): 28,172 +Credit card: 350 +Car: 600 +Taxes (2022): 1500 (COVID related so I owe, it’s awesome) +>Stock futures rose slightly in overnight trading Sunday, following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve. +> +>Futures on the Dow Jones Industrial Average edged up 120 points. S&P 500 futures climbed 0.5% and Nasdaq 100 futures rose 0.9%. +> +>The overnight action [followed a brutal week on Wall Street](https://www.cnbc.com/2022/01/20/stock-market-futures-open-to-close-news.html) in the face of mixed company earnings and worries about rising interest rates. The S&P 500 lost 5.7% last week and closed below its 200-day moving average, a key technical level, for the first time since June 2020. The blue-chip Dow fell 4.6% for its worst week since October 2020. +> +>The sell-off in the tech-heavy Nasdaq Composite was even more severe with the benchmark dropping 7.6% last week, notching its fourth straight weekly loss. The index now sits more than 14% below its November record close, falling deeper into correction territory. + + [Stock futures rise following S&P 500's worst week since March 2020 (cnbc.com)](https://www.cnbc.com/2022/01/23/stock-market-futures-open-to-close-news.html) +Just checked my online banking, and noticed I have a pending payment for tomorrow from 'WDFC-REDRESS'. Wasn't sure what it was as I have a couple of train delay claims on the go so googled it and it turns out it it's Wonga. + +Nice surprise to see it hitting my account, shame it's not as big as the claim value. Even bigger shame I got caught up with Wonga in the first place but I blame myself for that rather than Wonga. +I’ve been running a small takeaway business for just under 2 years and have managed to save up around $300,000. I am currently considering buying a 2nd much more busier store for $600,000 I have been approved for a business loan from ANZ already. But I also explored investing that $300,000 into 2 properties, one as a PPOR (I’d rent out the other rooms for extra income), and one as an investment property. + +Having a PPOR and Renting out the other rooms seems to have decent returns that will essentially cover my mortgage repayments and bills. So basically slowly builds equity and covers a lot of basic costs that a homeowner not renting out the other rooms would otherwise incur. +However I made a cashflow model of renting out the investment property and while with a deposit of $120k it comes out ‘profitable’ as in it covers 80% the cost of monthly mortgage repayments incl interest. So it’s still building equity and there’s great tax advantages that come with negatively gearing the property but what’s the point the ‘returns’ (80% of the mortgage repayments) help build equity which is great but it’s still got risks and stresses just like a business. Who is ROI so Low for investment property compared to a regular business? + +Even a $800-$900k house fully paid off mortgage the rental income is only 3-4% and then you have to renovate ever 10-20 years and have repair costs. May as well just invest that money into a dividend stockpile WAM or SPK if wanting passive income? + +Any landlords or those with experience in real estate please let me know what is the key thing I’m missing out because otherwise I’d rather just buy the $600,000 business and get my money back in 3 years instead for 30. +I am keen to learn how to code but want to know the community opinion regarding the different languages. I will be starting as an analyst in IBD in September and I am informed that the modelling team onto which I will be working uses VBA, however I want consider alternative opinions as well. + +Please give reasons as to why you use said code and if possible a brief description of your user experience. + +Thanks in advance. +I just got a job starting next month in the midwest. I am new to budgeting and not sure what would be a realistic amount to spend on rent. From [this tax calculator,](https://smartasset.com/taxes/income-taxes) I see that I will be paying $6,236 in state and federal taxes. + +The job offers free health care, so that is covered. There is a 401k that they will match %100 up to the first %4. I will be using a company truck, so all business related travel expenses are covered. + +Rent where we are moving is relatively very cheap, but the cheaper you go the more ghetto it gets. My wife and dog will be moving with me, and around a third of my job will be working from home, so I would rather not live in the ghetto if I can afford to pay a bit more. What would be a range of rent that I could safely expect to spend? + +How much should I aim to put towards savings every month? + +Part of my job will be working from home, so does that mean my internet is tax deductible? Also will my cell phone bill be tax deductable, as I will need a hot spot while traveling? How does this work? + +edit: looks like I can estimate ~$280/year on rental insurance (just did one quote from progressive) + +edit 2: Its in KC + +edit 3: my inbox... why is this thread so popular? I was thinking I would get 5-15 replies at max. +It was such an emotional thing. I won 200 dollars for basically being employee of the quarter and I had to leave the room and cry. Not only because of the support but because the money. 200 bucks may not seem like a lot but it honestly changes a lot for me. I started the week with 25 dollars to last me until a week from today. I can't help but smile. Thanks for listening. +I posted about a month ago about [my terrible investment decision in face value "legal tender" coins](https://www.reddit.com/r/UKPersonalFinance/comments/n8mfru/how_to_spend_high_value_legal_tender_coins/). The best advice there was to sell the coins, and a couple of Redditors offered to buy at least some of them from me at the going spot rate, which would have at least saved me eBay fees (thanks u/AWilki68 and u/Jamieson96!) + +I found a better option though: my last ditch attempt to get face value for them had me asking a few banks if they'd be willing to cash them. None of them did, but one of my banks suggested asking the Royal Mint if they'd take them back, in the same way the Bank of England will redeem old notes. I figured I had nothing to lose, so I emailed the Mint to ask, and a £1200 refund from the Mint has just hit my bank account, at a cost to me of only the £14.05 in Royal Mail Special Delivery to return them. + +The Royal Mint's website currently says they only accept returns within 14 days. Reading between the lines, I'm guessing they've decided that they were mis-selling the coins back when I bought them in 2015: giving people (including me) the impression that it'd be possible to at least get the face value for the coins. If you bought coins around the time the Mint were first selling the "face value" coins, they're still in their original packaging, and you have the invoice/packing slip/whatever showing you bought them directly from the Mint, I think they're just providing refunds to anyone who asks rather than risk needing to argue about it in court. + +tl;dr if you don't ask you don't get, and if you want to get face value for otherwise unusable legal tender from the Royal Mint, bought at least a few years ago, you might want to ask the Mint if they'll just give you a refund. +I’m 27(m), I have $84,000 in my savings and I’m looking to purchase my first home. I moved back in with my parents during the search to alleviate any pains regarding breaking a lease. I’m specifically looking at a townhome or condo; I don’t have the time for the maintenance associated with taking care of a stand-alone home. The townhomes I’m interested in are around $200,000-$250,000. + +My main question is how much of my savings do I put into the home (downpayment or otherwise)? Is it smarter to just put in $80,000 and lower the mortgage and payments? Do I search for something much lower and sink money into renovations? Or is there a way to find a happy medium of what to put as a down payment vs what to maintain in my savings? I have a million questions! + +If any additional information is needed please let me know and I’ll gladly provide it! I’m very new to this so all input, guidance, and personal anecdotes are appreciated. +I have an emergency savings with $11,000 in it, but I also get my quarterly HSA payout in a couple of days and it happens to be... exactly $1,000. I typically use the HSA funds to invest in broad market ETFs via TD Ameritrade, the balance is currently a little over $3,000, as I've gotten 3 payouts this year.. But, should I just use the $1,000 to pay the bills off this time around, or should I still pull the money from my savings and go ahead and invest the HSA funds? +This has been something that I’ve been going back and forth on for a while. Sorry for the formatting I’m on mobile. + +I’m 24, have a biweekly income of ~2.5k (after taxes, medical/dental benefits, and 401k contribution, yearly salary). 1.5 years into my first full time job after college. Have 6+ months of savings. Currently working to decrease my expenditures as much as I can. I do live in a HCOL área. + +Employer 401k matching is 3%, which brings my total contribution to 6%. Currently have around ~8k. + +I currently only contribute $100 per month to a ROTH IRA account and have been wanting to increase my contribution to the $6k limit. This has been my contribution since college. I currently have ~4k. + +My main question is whether to increase my 401k contribution to 10%, or to take 6k from my savings and max out my Roth (and continue maxing it out). I’m comfortable with the savings I have and would also like to start saving for a house. I’m just not sure what the best path would be. Any guidance would be appreciated! + +Edit: removed some financial info +I’m 27(m), I have $84,000 in my savings and I’m looking to purchase my first home. I moved back in with my parents during the search to alleviate any pains regarding breaking a lease. I’m specifically looking at a townhome or condo; I don’t have the time for the maintenance associated with taking care of a stand-alone home. The townhomes I’m interested in are around $200,000-$250,000. + +My main question is how much of my savings do I put into the home (downpayment or otherwise)? Is it smarter to just put in $80,000 and lower the mortgage and payments? Do I search for something much lower and sink money into renovations? Or is there a way to find a happy medium of what to put as a down payment vs what to maintain in my savings? I have a million questions! + +If any additional information is needed please let me know and I’ll gladly provide it! I’m very new to this so all input, guidance, and personal anecdotes are appreciated. +We have 100k for a down payment and she brings home $10k/mo after tax. I am currently switching careers so I am not sure where I will land for salary, but previously I was making $100/hr (20hrs/week). We plan to stay in the house 8-10yrs. Are we crazy with the current market? I've been thinking this market was due for a big pullback but it's been a few years and it's just skyrocketing. We are sick of paying other people's mortgages but don't want to be left with a huge bag if the market crashes. Does anyone else feel the same? +My mother was diagnosed with progressive staged ovarian cancer 8 months ago. They immediately started chemotherapy. She has been truly brave in the wake of this diagnosis and has never given up any fight in her life. She is a single woman who purchased a home just 8 months before her diagnosis. + +As a result of her treatment she had to go on disability, which cut her income by nearly 60%. Her cancer is in remission, although it is likely to require more treatments in the near future. Her mortgage is too much to handle, and medical bills are adding up. We are all pitching in but her taking such a cut has forced her to drain her savings. Her income can’t sustain all these finance obligations, but she can’t qualify for anything if we try to sell her house. + +She didn’t choose cancer, and it is ruining her financial stability. She’s a single woman, and my sister and I don’t make enough money to prop her up. + +Are there any options for us? Are there any programs for those with these conditions? We are desperate at this point. +Edit: *Alright so new plan, built up emegency fund to $12k and put in some type high yeld savings just because. Pay off student loans, open a 529 for daughter, up my 401k to %10. Split eveything else into index funds/roth ira/ibonds maybe don’t open the 529 and just invest in one of these. Don’t pay off mortgage.* + + +34 years old +~$67k combined(wife) income **after** taxes/health insurance/401k + +Savings: +* $4k in regular savings account +* $8k in 401k, $30k in wife’s + +Debt: +* $187k mortgage at 3% +* $5500 in one credit card at 0% +* $94k ($70k wife, $24k me) in combined student loans at varying interest up to 8.5%, this is with the 10k just announced subtracted for both of us. + +We own our cars, have a small dog, just had a baby in Feb, and bought this house in 2020. + +I would like the security of owning the house so I plan on paying extra $9k($250 a month, $3k from tax returns, $3k from extra paychecks as I get paid biweekly and get two “extra” checks a year) towards the principal annually to pay it off in ~11 years. You guys would probably say that’s stupid at 3% interest? + +My wifes student loans are all fed so with the new 5% payment (~$150/m) that’s about $40k before the rest is forgiven. So my goal is not to pay the $70k off. The other $24k are mostly not fed, and I will be paying them off. + +I also do not know where to put more money or what type of accounts. I’m looking into EE or ibonds, but don’t know if they are the best options. Also some type of savings account for my daughter, not sure what the best options are for kids specifically. + +I also have about $500 in a brokerage account between some Apple and Ford stocks, but I’ve just been toying around with it and don’t feel like taking risks, I’ve read index funds are the safest option, so I’ll have to look in that more, unless there are other suggestions. + +And I know I have to increase my emergency savings too. +Trustswap +https://www.coingecko.com/en/coins/trustswap + +Okay guys I've spent the last two days learning about this token and I've come away very impressed. I think this token may be a serious contender for best performer this year. On the TrustSwap social platforms it feels like 2017. Here's some info about the company. + +TrustSwap is a DeFi project created by the founder and CEO of Uptrennd Jeff Kirdeikis. Most notably he has the largest cryptocurrency investing group on Facebook, and he is what Tom was to MySpace but for Uptrennd. He host The Bitcoin and Crypto Podcast which is actually very good, and he has a massive following on Twitter/other social. Better yet, this guy is a marketing genius like a less annoying Justin Sun. He has a pipeline of good news lined up and knows when and how to release that information on the masses. Everything he does seems meticulously thought through. He continually affirms his commitment to get SWAP listed on high volume exchanges with MXC yesterday, Hotbit today, and Houbi/Bitmax tomorrow he is actually succeeding. He is also very responsive and has team moderators standing by in the social media channels to field questions/vanquish FUD. + +Here are the basics: + +TrustSwap is building a DeFi ecosystem that will start out as a simple P2P trustless escrow and payment platform and evolve into a fully decentralized exchange (DEX) with leverage and futures options all offered via non-custodial smart contracts. They will also offer multi-chain token wrapping as a service and on-chain governance using the native ERC-20 token SWAP. + +Imagine being able to wrap BTC, Monero, Digibyte, or any crypto and then trade it on uniswap, or have it interact with Ethereum compatible wallets, and applications. + +Through this, you can move funds cross-chain without ever having to sign up to a Centralized Exchange, allowing you to never have to KYC, staying fully anonymous across exchanges. + +Wrapping tokens also offers huge benefits to new blockchain projects that have their own chain, allowing them to save massively on listing fees, as well as instantly be connected to strong wallets and decentralized exchanges. + +This puts the ability to trust back in the investor's hands and might spark a new ICO boom as new projects eager to establish credibility rush to use it. So yes beautiful wrapping everything layer 3 solution my brothren. And highly incentivised holding economics, for example rewarding users from fees collected from the DeFi network! And staking; + +All fees paid to the platform will get split as follows: + +80% goes back to holders as staking rewards + +10% are burned forever (adding that value back to token holders) + +10% goes to the dev fund which can be used as the community sees fit + +This project has massive potential and is already building a strong community foundation with big moves coming soon as more exchanges and markets come on board. The staking and deflationary tokenomics make this a long term HODL for me. + + + +Token Metrics: + +Total Supply: 100,000,000 SWAP + +Circulating Supply: 62,500,000 SWAP + +Market Cap: $3.6 million + +60,000,000 SWAP Initial liquidity offering on uniswap about two and half days ago, price dropped at like $0.035. Volume bottomed out and rising again (same with holder count). + +20,000,000 Team Supply + +20,000,000 Marketing, development, legal, bounties, OTC investors, airdrops. + + + +LINKS: + +Website: www.Trustswap.org + +Discord: https://discord.gg/GNUrcK + +Telegram: t.me/TrustSwap + +Token address; +https://etherscan.io/token/0xcc4304a31d09258b0029ea7fe63d032f52e44efe + +Uniswap; +https://app.uniswap.org/#/swap?inputCurrency=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2&outputCurrency=0xcc4304a31d09258b0029ea7fe63d032f52e44efe + + + +Extra nugget from Jeff on Discord; +"@everyone + +SwapLogo SWAP is listing on Hotbit this Monday! SwapLogo +https://hotbit.zendesk.com/hc/en-us/articles/360051689713 + +This is the first step into TrustSwap's emergence in the Asian markets. +We are going to be kicking off major marketing campaigns with an Asian marketing firm within the coming week to follow up this listing. + +We also have a couple more Top-50 listings lined up for this week as well + +When we had a vote to see which exchange you wanted to see SWAP listed on, Huobi was the winner by a massive margin, so we will be opening up the conversation with Huobi to get SWAP listed on there also in the near future." + +DYOR!! Godspeed! I'll see you guys on the other side! + +To address FUD about OTC investors dumping, yes they are dumping, it's my belief most weak hands have exited the market, they got in at $0.005 per SWAP. +Edit: buy the dip now is ur chance to get in + +Hey, so i dont normally post by this is some crazy shit. Last night put some throw away money into this $SAFESTAR crypto coin and it has made me stupid money. Now i am normally the guy thats like ill invest in utilitarian coins; my buddy got on the safemoon boat and made stupid money so i said, "the stuider the name the more it moons...ok" and now i here making stupid money, is this ever real...wow. I sold a small portion to cover my initial invest. and am letting the rest ride. To the moon + +This is not financial advise, i am telling you my experience. DYOR info below. High Risk High Rewards. + +🟣Official Links: 🔵Twitter: https://twitter.com/SafeStar_ 🔵Medium: https://medium.com/@safestar 🔵Telegram Chat: https://t.me/SafeStar_Group 🔵Telegram Announcements: https://t.me/SafeStar_Crypto 🔵Whitepaper: https://safestar.me/wp-v.1.pdf ⬅️⬅️⬅️ 🌐Website: https://www.safestar.me/ +Yesterday, for the second time this week I found myself in a thread where the crypto bashing was just insane (I won't link it, just in case). + +The general gist was this: + +* Crypto is stupid and has no value +* Right-click to save NFTs +* If crypto crashes 80%, you idiots will buy in and call it a sale. + +Additionally, any pro crypto comments were downvoted heavily. + +To be honest, as annoying as it was, I was a little bit relieved. We see news here everyday about mainstream crypto adoption and upcoming blockchain improvements etc, while many of us probably get tailored Google alerts about crypto; sometimes it makes you feel like you got on the boat too late. But stepping outside that gives a nice reminder that we still have a ways to go. +Just curious. + +I don't like my brokers dashboard so I decided to build my own and continuously add - no doubt will be an iterative process. + +My metrics are brutal, but I'm at the discovery phase and identifying what can give me an edge moving forward. + +https://preview.redd.it/wbxt5rqwoyw81.png?width=1561&format=png&auto=webp&s=786e59d53e1212636fd052087a0ef7a61b0ed28a + +https://preview.redd.it/p2vgctqwoyw81.png?width=1833&format=png&auto=webp&s=9ca14e26f1b729cb503554ae47dfc83077144970 + +https://preview.redd.it/i2md3uqwoyw81.png?width=1415&format=png&auto=webp&s=24f6422cce6e5865f90104abccc5d0046c315989 +I know this is childish but reading about people with high incomes and it sounds nice but I’m not the best in school (getting better) and I don’t think I’ll go to uni, I know creating wealth is being smart with money and investing smart and consistently so you can enjoy wealth when you’re older but to be fair it’s a lot easier to do that and enjoy it earlier when you make 150k per year. To those in that high income bracket what advice do you have for kids who don’t know how to get there, and any good careers to chase? In my family the way there is construction which I’m happily heading towards + + +Sorry for any immaturity +If you are European this is what you can do! + +Write to your European Parliament representative. Also, [EFECC](https://www.europol.europa.eu/about-europol/european-financial-and-economic-crime-centre-efecc) (European Financial and Economic Crime Center) which is part of the Europol is a good place to submit some tips and DD. I don’t know much about them but if I would take a guess they actually would do something because it’s a whole European organization not just the organization of one country like FED or SEC so I’m assuming there is less corruption. + +THEY NEED TO BE EDUCATED! + +All those boomers sitting in the European Parliament collecting a fat check doing nothing have no idea about finance or economic issues so when this issue is brought to the table and they say it will bring more money into Europe they will vote to pass it because they are clueless about what it means. So again, THEY NEED TO BE EDUCATED so write to them and educate them! + +Also, if they hear it from multiple sources even better especially if they hear it from the EFECC. + +The beauty of this is the variety of Europeans in this sub so if their European Parliament representative hears from them and they start talking amongst each other they will realize how big of impact this is and it doesn’t concern just one country, it concerns the whole of Europe! + +Edit: Power to the Players! +I'm currently in the process of financing the purchase of a home through Wells Fargo. After a few phone conversations with my mortgage loan consultant, who is tasked with walking me through the entire process, I began to suspect that he wasn't really experienced in this arena when I corrected him on interest rate terms a couple times. When I received a loan estimate summary, I noticed there were several lines that were questionable so I took a screenshot and sent it to him. He responded back and thanked me for bringing this to his attention and said that he would "escalate it to his internal team." After this, I began to snoop. + +I found his LinkedIn page and it looks like he has a bachelor's in marketing and this seems to be his first real job post-college. Not knocking a marketing degree but it is definitely unrelated to the mortgage process. He's a nice guy and all, and I'm in finance so I'm confident in my ability to catch errors and oversights, but I'm getting a little nervous that something could slip through the cracks and end up throwing a wrench in the process. + +Anyone have a similar experience working with Wells Fargo or other banks on a mortgage and receiving someone with questionable qualifications? Should I take any action to try to work with someone a little more experienced? + +&#x200B; + +Edit: It was not my intent to shit on the WF employee. He has been responsive and polite and I recognize that everyone is new at some point. I just wanted a little insight into what my expectations should be for this process. +OK, now tell me why it's crap... (any feedback would be helpful) + +- 40% VTI (Vanguard Total Stock Market, .03% fee) + +- 15% IEMG Emerging Market ETF including Korea, 0.14% fee) + +- 15% Amazon + +- 5% Apple + +- 5% Boeing + +- 5% Activision Blizzard + +- 5% TWMJF Canopy Growth Corp + +- 5% S&P Biotech Index ETF equal waited (.35% fee) + +- 5% AMD +I just don't get it. BTC is trending downwards for the past 3 months. So what? What does BTC have to do with altcoins that have their own testnet, their own protocol, exciting news and developments every day and a growing user base? + +Nothing. Why should ETH, ADA, and DOT for example suffer because of BTC needs time to consolidate? Or reaches the end of its halving cycle? Most altcoins are proof of stake and do not even have halvings! And yet people are using BTC charts to evaluate the price of other coins. + +This isn't fair and it doesn't make any logical sense for the rest of the market that is growing and providing exciting news all the time. + +This space cannot grow organically if it continues to be held back by BTC. + +What is going to happen if BTC reaches the end of its halving cycle and starts tanking? Does that instantly make ETH a shitcoin? ADA? XMR? VET? LINK? MATIC? Even though those coins are fundamentally better now than they were back in 2017? + +IMO it is time for BTC to go so that the rest of the market can discover their true value. This space is supposed to be decentralized, not under the control of one coin +Just broke on Bloomberg. RAD jumped 11% on the news but reversed and now has dropped nearly ~~10%~~ 20% premarket. + +From the [press release](https://www.riteaid.com/corporate/news?p_p_id=riteaidpressreleases_WAR_riteaidpressreleasesportlet&amp;p_p_lifecycle=0&amp;p_p_state=normal&amp;p_p_mode=view&amp;p_p_col_id=column-3&amp;p_p_col_pos=2&amp;p_p_col_count=3&amp;_riteaidpressreleases_WAR_riteaidpressreleasesportlet_action=getNewsRoomDetail&amp;itemNumber=2043): + +Rite Aid Enters Into an Agreement with Walgreens Boots Alliance to Sell 2,186 Rite Aid Stores and Related Assets for $5.175 Billion + +• Rite Aid and Walgreens Boots Alliance Mutually Agree to Terminate Previous Agreement Under Which Walgreens Boots Alliance Was to Acquire All Outstanding Shares of Rite Aid +       + +• Rite Aid to Receive $325 Million Termination Fee + +• Asset Sale Repositions Rite Aid as an Independent, Multi-Regional Drugstore Chain and Pharmacy Benefits  Manager With Compelling Footprint in Key Markets and Strong Financial Position + +• Proceeds to Be Used to Significantly Reduce Debt and Strengthen Balance Sheet  + +• Agreement Provides Rite Aid With 10-Year Pharmaceutical Purchase Option Through WBA Affiliate + +• Company Reports Fiscal 2018 First Quarter Results  +**EDIT: This is offered as an affordable alternative to a ramen diet for people on a ramen-level budget with ramen-level cooking skills and facilities, not as the One True Way that everyone should eat forever. I agree that there are healthier diets -- just not on $1/day.** + +This is my basic recipe that I live off of when I need to spend as little on food as possible. It only costs ~$20/month more than living off cheap ramen but is WAY healthier. + +This recipe is especially great for people without kitchen access because all you need is an electric rice cooker (~$20 new at Walmart, cheaper at thrift stores), a place to plug it in for 30-60 minutes, and a source of clean water. You do not even need a refrigerator because all the ingredients are shelf stable. You can cook once and eat from the pot all day because it takes a couple days to go bad at room temperature. + + +Cook in a rice cooker: + +- 1 cup rice + +- 1 cup lentils + +- 1/4 cup vegetable oil + +- ~5 1/2 cups water + +- Season with whatever you've got + + +Further instructions / tips: + +Cost: My ~$1/day cost estimate is based on Walmart prices in the continental U.S. If you have access to an Indian grocery, you can probably save money by shopping there for rice and lentils. Indian groceries also offer a much wider variety of lentils, which they call "dal." Be sure to calculate and compare per-unit prices (dollars per pound or ounce) to get the best deal. + +Calories: Use an online caloric needs calculator to estimate your personal daily caloric needs. Subtract calories from any other food sources (e.g. free food at work etc.). You can then adjust the basic recipe in ~350 calorie increments by adding or subtracting 1/2 cup rice and ~1 cup water. + +The ~1,800 calories/day of the basic recipe meets my maintenance needs as a middle-aged woman with a desk job. When I've needed to lose weight, I halved the rice to drop down to ~1,450. If you have a physically-demanding job or otherwise get a lot of exercise then you will want to add rice to ensure sufficient energy to get you through your day. + +Water: Rice cookers and personal taste vary, so adjust the amount of water up or down each time you make it until you achieve the consistency (moist or dry) you prefer. + +Flavor: The basic recipe is very plain but this makes it a culinary blank canvas you can "paint" with different flavors each day for variety. So experiment with whatever you have on hand. I've used leftover sauces from other meals, fast food condiment packets, various spices and herbs, hot sauce, salsa, soy sauce, etc. Most tips for doctoring ramen should apply. + +Upgrades: If you can afford it, upgrade to brown rice for better nutrition and extra fiber (your poops will be amazing!). Upgrade from plain vegetable oil to other cooking oils (e.g. extra virgin olive oil etc.) to impart a different flavor. Experiment with different types of lentils/dal for variety. + +Nutrition: This recipe is MACROnutritionally (carbs/protein/fat) balanced and the lentils/rice combo forms a complete protein, but it is not MICROnutritionally balanced. Here is the nutritional data for the basic recipe, to help you determine which nutrients you'll need to get elsewhere (click "Total Nutrition Facts" to get the summed values for the entire recipe): +http://m.wolframalpha.com/input/?i=1+cup+uncooked+rice+1+cup+uncooked+lentils+1%2F4+cup+vegetable+oil + +A daily multivitamin/mineral will help but getting nutrients from food is best. So, whenever you can afford to spend a little more on food, you should add eggs (vitamin B12) and a wide variety of cheap in-season fruits and veggies for more complete nutrition. + +If you are unable to buy/store/cook fresh foods, some good canned/jarred foods to supplement this with include sardines (vitamin B12, some calcium), tuna (vitamin D), sweet potatoes or spinach (vitamin A, some vitamin C), mandarin oranges or tomatoes (vitamin C), and sunflower seeds (vitamin E). Also, hard cheeses (calcium) don't necessarily have to be refrigerated to be safe to eat, they just get moldy faster at room temperature. + +I've spent several years tinkering around with a diet based on this basic recipe so please feel free to ask me any questions. Also, please share any ideas you may have for possible seasonings, upgrades, or modifications. + +I urge everyone to try my personal favorite variant of this recipe, which is a Lebanese dish called Mudajara. Upgrade to extra virgin olive oil and add carmelized onions, cumin, salt, and pepper. Mudajara is easily the highest deliciousness:cost dish I have ever eaten in my entire life! +I took over my family business and have been growing it for the last 5 years. Previously I had experience in an unrelated start-up and I have an MBA education. I anticipate the business slowing down over the next 2-3 years due to external factors and believe I have an opportunity to sell. + +&#x200B; + +My payout will likely be in the low to mid 7 figures range but I am not ready to FIRE yet as I am relatively young and would like to fatten up my number. + +&#x200B; + +The problem is the industry my business is in is not necessarily one I would like to re-enter. It was a machine shop which I worked at as a teenager and learned the ropes but was never interested in the industry. After completing my MBA and spending some time at a start-up I had an opportunity to join the company on the business side and grow it to prime it for a sale. + +&#x200B; + +I had an executive position running the operations at the startup I was at prior to my current company and helped get the foundation started - they are a very successful multi million dollar company today. I obviously also ran my mid-size business and grew it to where it is today. I'm worried about translating those skills onto my resume and into a new company as I don't think I would be happy with a position that does not have much sense of ownership. The salary honestly won't matter so much as I can have my investments grow and just pay expenses with my salary. My worry is I only have 7 years experience between my last two roles, and I expect the type of job I am after (director level) would want someone with 10+ years of experience. I’m also not even sure what type of industry I’d want to get into or what I’m “qualified” for. I would love to be running the operations of another business in some level. + +&#x200B; + + Have any of you previously sold a business and had success being employee at a new company? Did you have to accept a position which you felt was beneath you? + +&#x200B; + +Just looking for some general conversation about this topic and maybe some mentor ship. +I’ll start by saying I’m a grandmother, or at least old enough to be one. In 2014, I had a couple of grand in the bank so I asked a grower friend how could I invest in the newly legalized cannabis industry. + +Ive never been much of a saver, more of an impulsive spender, and never made much money either. Retirement age was looming and I knew I’d blown it. I was one of the majority of Americans, facing the possibility of living on a tiny social security wage, or working into my seventies. I needed something that would bring the biggest yields possible. I needed a miracle. + +My cannabis friend told me about Bitcoin. I spent my spare time over the next few days devouring every video, every article I could find (thank you Andreas Antonopoulos you are my hero). + +I found someone in my county, went to my bank and wired him some money, and he sent me a small amount of Bitcoin. I did this again and again (dude I don’t remember your name, but I hope you didn’t get in too much trouble for operating a money changing business back in the day). + +I watched my $210 Bitcoin jump to over $1000. I was glued to the price ticker, and I sold the 20 bitcoins I’d accumulated at $880. Oh how I wish I’d have HODL’d at that price! + +I started buying again at 440, then at 560, then at 900, 1100, 2200, etc. I set up an automatic buy at Coinbase for $50/week for a good year or two. An unexpected breakup led me at stop that auto buy, but I later resumed it at $10 week. I still have my $10/week buy. I call it my “gambling money”. + +Eventually I transferred my Bitcoin onto a hardware wallet, stamped out my keys onto a brass plate, and stashed them away in a safe. I keep a little bit on an exchange, and have cashed out drips and drabs to pay for my daughter’s college tuition and expenses. + +I’ve paid taxes on the gains I’ve taken. + +This week for the first time it hit me. I’m not going to retire poor. I don’t have to worry. I don’t yet have enough for a full retirement, but there is no doubt in my mind that my little HODL’d stash will grow and grow. What a huge relief. + +I owe a lot to this sub. I’ve been subscribed since 2014, and I’ve learned a ton. A GIANT THANK YOU to all the contributors and the mods. You the real MVP’s! + +Edit: Wow! Thanks guys! I had no idea I would get such a great response. I think I might increase my auto buy to $20 week. Also, maybe I’ll diversify. I hear coinbase is having an IPO soon. I’ll have to look into that! + +Edit 2. Whoa! I got awards! So cool. I don’t know what that means but I’m gonna look into it. Thanks so much. My endorphins are dancing 😊😊😊 + +Edit 3. In the old days, your reward would be you’d get tipped in Bitcoin. I got one of two of those back in the day. I should look in my Coinbase history (where I held my wallet) to see what they are worth now. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Prepping myself for the downvotes here but I genuinely want to know!.........I get it, the popular opinion on here is Coinbase is terrible. But I've never had an issue! Neither have my family members. Are there any lurkers on here who are just avoiding downvotes and not speaking up about their positive experiences? Or lack of negative experiences? How is this company such a major player in the game if EVERYONE hates them and has bad experiences? Or is it just everyone on reddit? +I am planning to purchase a rental with my father. This rental will be where they snowbird 6 months out of the year. It will be a home built in the last 20 years and we are paying cash for it. This is a bit of an experiment and we may possible purchase more rentals in the future. + +&#x200B; + +Since we are splitting the purchase price should we start an LLC? I was thinking we would have a bank account that the rental money goes into and will have a balance ($10k?) to cover repairs. Can we just distribute the money equally out of that and then claim it as income on our taxes? + +&#x200B; + +Are there any good recommendations of books or resources that could help me learn more about being a landlord? Although this will be purchased in cash we may consider financing more in the future. +Hoping to get some advice on a possible 13 unit apartment deal. + +Background: I already own one double, one 4-plex, and one SFH, in addition to my primary residence. Manage them all by myself and after the initial work each one needed I don't have many issues and keep them pretty much 100% occupied. + + Found the owner privately so not on MLS. Asking price is $700,000 and seems pretty firm. 2 separate buildings, one is a 6 unit with all studio or 1 bedroom apartments (3 up, 3 down), other building is (7) 2-story townhomes all side by side. According to the owner, it brings in $8500/mo and yearly expenses are (roughly) $5,000 for taxes, $5000 insurance, $5000 in water, and $2000 for trash. He says they're "virtually always at 100% occupancy" and in great condition. Of course I'll verify all of these numbers and data, but for the sake of simplicity let's assume he's telling the truth. Seems like a good deal, my calculations put it at 12% cap rate and ~$2700/mo after expenses not including maintenance and vacancy. No PM, I'll manage myself. It's basically right across the street from my 4 Plex. B- area, maybe C++ depending on who you ask. + +Kicker is that he's willing to partially owner-finance the deal. He owes $570K on an SBA loan and will finance that portion and wants $130K in cash. + +I guess the biggest things I'm having a hard time wrapping my head around is the metrics for success/ good deal when making the jump from 4 units to 13. Seems like it should cash flow better, but from my understanding 12% cap is decent. However, it only cash flows ~$1100 more than my 4 Plex. + +Also, for financing, I don't have $130K, so I was thinking about using his offer of seller financing and using private/ hard money for the $130K for 6 months until I can refi. Local bank will let me refi with nothing out of pocket (assuming value is there) with either a 30 yr am, 5 year loan at 4.x% or 30 yr am, 15 year loan at 6%. + +Never really dealt with apartments, so any advice is much appreciated! Thanks for your time! + +Edit: Location is south Louisiana just outside New Orleans. +My stepfather has been doing a few construction projects for a big real estate investor who owns a huge portion of a nearby town, he started with just one house built from the ground up, so he’s clearly successful and knows a bunch about real estate investing, I’ve met him a few times but I haven’t really known how to go about asking about his real estate endeavors, mainly because he’s there to meet my stepdad and they talk business. + +Any advice to ask him about what he does and how he does it in a respectful manner? Thanks +I’m new to REI - new enough that I vaguely recall the last buyers market. + +What makes a buyers market, a buyers market? Will it be the interest rates? Or the flood of new construction? Or perhaps a surge of available inventory from the retiring boomer generation? I know all of this is crystal ball speculation. + +But what are generally indicators/markers that the market is switching from a sellers to buyers market? I’m new and am learning still. TIA. +Hi all, + +I'm in the process of closing my first deal and have started vetting property managers. + +I've heard the phrase "you've got to manage your property manager" a lot. What all do you generally have to manage them on? +The question speaks for itself. Do you need to basically grab off market, below market deals in order for BRRRR to be the repeatable strategy everyone dreams of cracking? Or can these deals be found on the MLS and standard listing sites? + +I just(haven't even closed yet) bought my first investment property, at market price really, and as I refill the coffers I'm thinking about my next one in 1-2 years and how I want to do it. At this point I don't really know how to find below market deals or pay below market for upgrades so I'm thinking hard about what the right approach is. If I could somehow figure out BRRRR, obviously I could end up set for life a lot quicker. +I know there are markets where it’s very difficult to cash flow such as California and New York.. but has anyone bought a mult and not cash flowed in anticipating cash flow a few years down the line maybe sooner? Did the results work in your favor or not? Please share your experience thank you... +I often hear how it is easier to get into real estate with a partner due to double the money being used with 2 people. So that brings to ask, have anyone here partnered with a family/friend on a rental property? What were the pros or cons of this transaction? And what did you learn from it? +Honest question here. I saw them rally when the CPI was released, but then they crashed back down. Does that mean that market participants get into bonds and expect a brutal rate hike next year? Or was the CPI somewhat ok? Freaking Apple hit ATH again, I can't believe it TBH. 65-70% of stocks are trading below their 200 EMA. Is all of this already priced in? Those who believe in TA may see that Gold has a very bullish chart. Anyways, I am really interested to hear your opinion. +Most recent update: Edit 5: seems to have referenced this possibly? https://www.sec.gov/news/studies/2009/oig-509/exhibit-0292.pdf in the re? Talks about failing to get best execution in a case from 2005. I need a cup of coffee and I can try and read through it but it seems relevant. + +DD based on this tweet + +https://twitter.com/michaeljburry/status/1441484243389927428?s=21 + +Backup link + +https://twitter.com/BurryArchive/status/1441485742866243585?s=20 + +Rule 203.8 “service of subpenis issued in formal investigative proceedings shall be effected in the manner prescribed by rule 232(c) or the commissions rules of practice, § 201.232(c). “ + +Scion is being served a subpoena from a current formal investigative proceeding. + +~~That last rule reads “(a) Availability; procedure. In connection with any hearing ordered by the Commission or any deposition permitted under § 201.233, a party may request the issuance of subpoenas requiring the attendance and testimony of witnesses at such depositions or at the designated time and place of hearing, and subpoenas requiring the production of documentary or other tangible evidence returnable at any designated time or place. Unless made on the record at a hearing, requests for issuance of a subpoena shall be made in writing and served on each party pursuant to § 201.150. A person whose request for a subpoena has been denied or modified may not request that any other person issue the subpoena.”~~ this was not invoked sorry, c was. + +“(c) Service. Service shall be made pursuant to the provisions of § 201.150(b) through (d). The provisions of this paragraph (c) shall apply to the issuance of subpoenas for purposes of investigations, as required by 17 CFR 203.8, as well as depositions and investigations” + +Amongst a few things, just honestly look up the rule numbers and read em. Those just mean how he’s getting served and why. + +~~201.233 But does that mean gamestop could’ve subpoenaed him? Or is “party” someone else. I don’t believe this anymore lol am dumb~~ + +Edit: + +This is the overall hierarchy, this is above what I said earlier, but all of this applies because 203.8 is invoked. + +“17 CFR § 203.4 Applicatiability of §§ 203.4 through 203.8 + +(a) Sections 203.4 through 203.8 shall be APPLICABLE to a WITNESS who is sworn in a proceeding pursuant to commission order for investigation or examination, such proceeding being hereinafter referred to as a formal investigative proceeding” + +(b) Formal Investigative proceedings may be held before the commission, before one or more of it’s members, or before any officer designated by it for the purpose of taking testimony of witnesses and received other evidence. The term officer conducting the investigation shall mean any of the foregoing.” + +My opinion it was his large buy and sell maybe him testing the waters? Now they wanna have on record the evidence he found. + +Edit 2: + +“17 CFR § 203.5 Non public formal investigative proceedings. + +§ 203.5 Non-public formal investigative proceedings. + +Unless otherwise ordered by the Commission, all formal investigative proceedings shall be non-public.” + +That last one is just mean I know it’s an ongoing trial but I feel like we should see:( + +**Edit of post: I didn’t link the tweet like an edit** + +Edit of post two: it is my current belief that he is either the first witness or first witness to make it known to the public, but that means that the SEC has a legitimate formal investigation into the events around gamestop short fuckus, they are actively procuring witnesses. I believe that this investigation is NON PUBLIC meaning, at least for now all we’re gonna see and hear is what the good papa rc above tells us. + +if they’re getting scion as a witness color me and my tits jacked, are they actually listening to people with knowledge? Hopefully soon we’ll find out, but I wouldn’t be surprised if we find out by criminal charges being filed. This last edit is just speculation and my theory here but like, all the legos are on the floor and they paint a pretty clear picture in my head. + +Edit three: According to “17 CFR § 203.2 - Information obtained in investigations and examinations” all info and documents in the course of investigation or examination unless made a matter of public record shall be deemed non public BUT the commission lets officials from some branches clue in lower level employees if I’m reading that right. **I think the important wording here is “unless a made a matter of public record”.** + +**EDIT FOUR: Can someone take a look at “17 CFR § 240.24c-1 - Access to non public information” and tell me exactly how retail got fucked here? Like it looks like everyone and their dog can have access to no public info. Can any of the infamous criminal slackjawas have access to this? I think they are a (2) self regulatory organization right? Am I reading this right? According to a commentor it’s up to their discretion** + +Scary testifying or whistle blowing if the one who are cheating can see what’s goin on. + +Edit 5: seems to have referenced this possibly? https://www.sec.gov/news/studies/2009/oig-509/exhibit-0292.pdf in the re? Talks about failing to get best execution in a case from 2005. + +Update- I’m gonna chill here, I’ll still be replying but I feel like some apes out there should be looking here. I stuck my head into the blender for a lil too long and all that legalese makes my smooth brain wrinkle a lil. Kinda hurts so imma go back to watching baking videos and imma chill. I feel like it takes a fresh pair of eyes to make a new observation before I do anymore deeper research. I’m really worried about who can see the “non-public information” + +Edit 6: Happy Saturday I’ll keep updating when I find something relevant. +Good Morning! + +I am a proud GameStop shareholder, who believes that your company is being attacked by nefarious actors in the US markets. It is believed by many, as I’m sure that you are aware, that hedge funds including Citadel, Point 72, Jane Street, Melvin Capital and many others are colluding to “short and distort” (as referred to by the SEC) your stock, in tandem with Jim Cramer and other “Wall Street analysts”. In doing so, your company is severely undervalued, destroying shareholder value presently and for future returns on investment. It is my belief, as it is that of many others, that removing our common shares from street name brokers is in our best interest, as they are most likely complicit in the unauthorized lending of cash shares for the purpose of rehypothicating and reselling the shares into the market. Myself and many others, as referenced in your most recent 13F filed with the SEC, have began removing our shares from the DTCC and street name brokers, by directly registering then in our own names, with your transfer agent, ComputerShare. The issue myself and many are finding, is that our IRA’s are unable to be transferred to a non-retirement account. Based off of the very recent addition of a GME help line at ComouterShare, and the aforementioned 13F filing, I believe that GameStop knows this is in its shareholders best interest as well. I am not looking for confirmation of this, however I am looking for assistance in this process. Your shareholders would like the opportunity to move our retirement accounts to your transfer agent, in order to protect our investments from the criminals involved in the US markets. We would like to protect our retirements, as well as protect GameStop from further manipulation, and it seems the safest way to do this is to remove our shares and retirements from the DTCC entirely. Thank you so much for your time and your consideration of this, and I wish you the best this holiday season. +Something thought provoking to spice up your Wednesday morning. + + +Bloomberg - Nobel Prize Winner Wants You to Stop Treating Bonds Like Stocks http://bloom.bg/2ebEWqF + + +E: I feel like a lot of people are misinterpreting or just not reading the article. The author is highlighting the potentially misguided efforts to make debt markets as transparent as equity markets. + +>Holmstrom's paper serves as a reminder of the perilous consequences of actually treating them the same. Specifically, he cautions against imposing the transparency requirements on debt markets that are more commonly expected of equities. + +>"I will argue that 'no questions asked' is the hallmark of money market liquidity; that this is the way money markets are supposed to look when they are functioning well," he writes. Attempts to reform credit markets based on insights gleaned from equity markets "can be very misleading" the economist says — and worse, they can stoke the crises that they're trying to prevent. + +And from the abstract of the paper: + +>Money markets are fundamentally different from stock markets. Stock markets are +about price discovery for the purpose of allocating risk efficiently. Money markets +are about obviating the need for price discovery using over-collateralised debt to +reduce the cost of lending. Yet, attempts to reform credit markets in the wake of the +recent financial crisis often draw on insights grounded in our understanding of +stock markets. This can be very misleading. The paper presents a perspective on the +logic of credit markets and the structure of debt contracts that highlights the +information insensitivity of debt. + +http://www.bis.org/publ/work479.pdf +Hello PF! +As the title states, I am 20 years old and fortunate enough to have found a job making $75k+ per year with good benefits and a good union. I do not have any post-secondary education, and am currently living with my parents and saving most of my money. I only have about $4000 saved up, but will be saving as much as possible for however long necessary. Should I start school next year using student loans and whatever I make up until then? Or should I work a couple years and start? I also have the option of starting at a community college the first year for cheap, while I work. Thanks in advance! +Recently on a financial sub somebody asked how he should invest his money (didn’t remember the exact amount, doesn’t matter). I just proposed him in comments to have a look to bitcoin without saying he has to invest or something, just look. My answer got -10 votes within minutes and somebody commented: maybe 5 years ago bitcoin was interesting, it’s too late. +I think this post gives an example how early we are and shows the general 0815 opinion about bitcoin. +Have a good evening my friends! +Woof. Okay. I’ve had enough. So I’ve decided to finally put this down into an original post. + +**I’m going to tell you (A) The people who buy Dogecoin, (B) Why it will fail, and (C) Why it bothers me.** + +**(A) The people who buy Dogecoin** + + **A1) The crypto n00b/amateur.** These people were not involved in the last bull market, have no idea how many Dogecoins there are, don’t know how the Dogecoin network is “secured”, think BTC is too expensive, want to get rich quick and think they are getting in early. Most heard about it from a friend who put $100 in and made a few thousand. Some actually believe Doge is the new BTC (lol, ouch). They will ride Dogecoin down in the bear market and get REKT as fuck. + + **A2) The day trader.** These people think they can consistently beat the base rate of simply HODLing BTC and paying capital gains taxes on each trade. Many probably cheat on taxes. Most don’t make much $. They don’t care about any of the technology although some may understand peripherally. They will attempt to buy low and 3-5x their profits and then GTFO. They will never ride their coins down all the way in a crash. + + **A3) The OG doge people.** Many of these people probably have large stashes of non-joke coins like BTC, ETH, etc. A few of them have massive %s of all the Dogecoins in existence. They will slowly dump their bags on the above classes and put it into USD or BTC so they won’t lose their paper millions/billions in the inevitable crash. + + +**(B) Why Dogecoin will “fail” and crash** + + **B1) The network is incredibly vulnerable to attack and nowhere near a stable store of value because of it.** The hash rate backing it is pathetically small and there is little to no development supporting it… + **See EDIT2 at end 😇. Apparently it’s not so vulnerable because it’s tied to Litecoin mining which is secure** + + **B2) There is no development on this network.** Fact. Conversely, there is immense amounts of development happening in other projects; development which solves real problems, enhances decentralization, secures billions of real dollars of value, etc + **edit: apparently there is a small amount of dev now happening. After several years dormant...** + + **B3) It has gone up so fast, people have such huge paper gains that sooner or later they will cash them out** + + **B4) There are 120 BILLION coins, and 14 million new ones per day.** That’s about 4% inflation guaranteed for a decade or two. This type of inflation may be fine for fed coins and government fiat but why the fuck would anyone want it for a future store of value or currency? LOL much no thank you. + **edit: 4% and slightly decreasing over time** + + **B5) Institutions will never buy this for reasons B1-4 above (and many more).** You cannot sustain market caps in the hundreds of billions of dollars without institutions. + + +**(C) Why it bothers me** + + **C1) People who don’t know better will get rekt and turned off cRyPto.** Then maybe they’d support fed coin when it comes out and might even support a ban on Bitcoin (should that ever become politically feasible). They’ll miss the true opportunity that is here and allow rich people and institutions to have more of the pie. + + **C2) Nobody crypto-competent would buy and hold Doge, yet people like the Winklevoss twins and other big exchanges are shilling doge coin listings to grab a slice of the trading fees.** They are peddling trash they would never hold themselves to make a quick buck. Sound familiar? Just like today’s big banking system most everyone on here detests. + + **C3) It’s so lazy. It’s obviously not the next Bitcoin.** Do a little research and you’ll know it’s a joke. *It is a fork of a fork OF A FORK of Bitcoin*. The real deal is sitting there in plain sight, but… + + **C4) Unit bias is so real, WOW.** Bitcoin is perceived as too expensive. It’s really sad how human brains fall victim to this extremely well known and obviously-occurring-right-now bias. + + **C5) This may cause a regulatory backlash on legitimate projects.** Puke. The last thing we need is excessive gov regulation around this market. But when misinformed lazy people lose significant amounts in a joke meme project like Dogecoin, you better believe there will be calls to step in. + + **C6) Elon is a narcissistic deuchebag.** Do you really want a narcissistic billionaire in charge of the future of money? No. I want nobody in charge. I want a leaderless, headless, consensus driven decentralized network instead. + +If you have Dogecoin and read this far, bravo, I’m impressed. + +**If you are a supporter of real blockchain projects (perhaps aligning with beautiful philosophical goals) and want to help ensure they succeed and aren’t stopped by the dark forces that be, then it’s incumbent on you too to help this revolution succeed. That means stopping scammers and combatting false narratives.** + +Rant over. I wish everyone a great bull market part two after this intermission. Have fun staying rich/poor. + +Cheers y’all! 🍻 🖤 + + +PS: In anticipation of the incoming brain-dead-level attack comments... **I’m not mad about your paper gains bro.** 👹 + +WOW + + +**EDIT1: this direct message is why I post this: +“Heya wanted to say thanks for that enlightening post + I'm new into crypto and love when I see honest and informative posts. You don't know who and what to believe anymore.”** + +**EDIT2: apparently litecoin mining (which doge is piggybacked on) is called Scrypt and it is much harder to 51% attack than I thought. I’ll look into it more.** + +**EDIT3: I want all of crypto to succeed and I want everyone to win. If doge helps people get into crypto then great. Then maybe they’ll learn more about other projects that are actually doing things.** + +**I wish everyone the best just be responsible and stop thinking me pointing out obvious flaws with your pet project are me being toxic lol... it’s sharing pretty much undeniable information; sorry.** +As a lot of us know, TITAN recently crashed from a whopping 60$ to 0. + +Now, I got into iron finance pretty recently, entranced by the crazy APR's. I looked into it as it seemed too good to be true but the project seemed sustainable, at least for a few more months. I mean iron finance was not a new name, it was previously on BSC before making the switch. plus fucking Mark Cuban endorsed it. + +I bought in with 500$ worth, I know its not a lot but it was 1/4 of my total portfolio so its a lot for me. within days TITAN skyrocketed to 60$ and I was making profits of over 50$ daily. I could've and should've cashed out then, but I didnt. I wanted just ONE MORE day of the juicy rewards then I'd cash out. + +I went to sleep last night and when I woke up this morning, to my horror the price was tanked. I could've walked away with 1000$ yesterday but now I'm walking away with 0. this is because I was too greedy and wanted one more day of profits, and then the rug got pulled ( more of a bank run but still). + +now, I know this was my fault and I've taken a valuable lesson from this. NEVER get too greedy in anything, especially if you are a trader or farmer. many have lost far, far more than me and I feel for them. but the common factor with all of us who lost is greed. if something seems too good to be true it probably is. + +I'm not bothering with liquidity farms now, I'll concentrate on making fiat to recoup my losses and focus on investing. + +i hope my experience teaches you a lesson, and I hope no one makes the same mistake as me in the future. +Has anyone considered it? We're talking bottom strike here. October 7 you're looking at around .80 as of Friday's close on the 20 strike. Lowest it's been YTD is 21.86 and you'd be safe until 19.20. + +Thoughts? +Until yesterday, I’ve only sold options. However yesterday the market was down and I did not have enough cash to sell a put on anything. + +I still wanted to take advantage of the market being down, so I bought an SPY 03182022 460 call for $1,452.67. I got lucky today and now the same call is trading at $1,740, about a 20% gain. + +I’m bullish on the market and pretty confident spy will still be above $460 in March. I could hold until expiration, get 100 shares and start wheeling… or just sell the contract now and take my gains. Because of theta decay, won’t this contract only lose value? If I look at itm spreads from this week, they are much cheaper. + +Another note is, I have a ton invested in IVV, another s&p500 etf but I don’t want to part with those shares. I only bought the spy call because spy is more liquid for options (which I read on here). I could also just let the call get assigned to me and hold it forever. + +Any thoughts? I’m pretty new to options only started in the last month. I know buying calls isn’t the r/thetagang way but I like this subs’ ideology better than r/options typically. + +Thanks! 🙏🙏 +If I am selling Covered Calls through an IRA, my understanding is that you will pay short term capital gains (22-24% for most everyone) on the profit/loss upon the expiry/assignment of the option. + +However, assuming you are using a tax advantaged account, i.e. a Roth IRA, is the premium from the sale of the covered call now in that tax advantaged account? If so, then the proceeds won't be taxed again upon qualified withdraw. Am I correct in assuming that those options premiums will not count as "contributions" and that you could you theoretically "contribute" thousands beyond the 6,000 max IRA contribution and then benefit from the tax-advantaged status of that money? + +For example, if you have 100k cash in a Roth IRA. You buy 20,000 shares of SOFI at $5. Using these shares, you sell 200 covered calls (assuming this doesn't saturate the market) at 0.30 premium per share for a total premium of $6000. Those calls expire OTM at the end of the month. + +My understanding is that you have to pay capital gains on that $6,000 profit from the premium at the end of the year, same as ordinary income. But has the options trader in this scenario effectively and legitimately contributed an extra taxed $6,000 to their Roth IRA in this case? If this is accurate, it seems like an effective way to contribute more than the 6,000 generally allowed a Roth IRA. + +From this, it follows to ask the question-- is it strictly better to sell options in a Roth IRA as opposed to a Traditional IRA, since in the former the premiums will only be taxed upon receiving the premiums, whereas in the latter you will be taxed also on the withdraw of those premiums? +im looking in to starting a position in one of these companies given their share price is low enough i can start selling calls and using that cash to add shares as i go. Which one performs better in a 5 year outlook? +I've been doing a lot of thinking about theta strategies, and I keep coming back to a flaw in the wheel. So the first part of the wheel, selling CSPs is great. You collect a lot of premium for the amount invested. Most will admit that this is the most profitable stage in the wheel strategy. + +So once you get assigned, you start selling CCs against your newly assigned 100 shares. This is not nearly as profitable as selling CSPs, especially if the stock continues downward or trading sideways. Most investors "goal" here at this stage is to exit the CC without taking a loss, so long expirations and low premiums is not abnormal to make sure you aren't assigned at too low of a strike. + +Here is a hypothetical question. If you had $5000 sitting in your account, would you buy 100 shares of a $50 stock and sell CCs against it, or would you sell a CSP using that $5000 to secure the put? + +So why are you holding that $5000 worth of shares to sell CCs against? Shouldn't you immediately sell your shares and just start another CSP, which will pull way more premium? + +Now I understand if you think the stock is going to rebound quickly that it might be worth holding. But the whole "only sell CSPs on a stock that you wouldn't mind owning" thing is just a line. We all want to get through that part of the wheel and get back to those juicy CSP premiums. +Hi there, + +been lurking trading forums for a couple of months. Only recently discovered this sub. + +What would you say is the average profitability experienced by the average member of the "theta group crew"? I am sure some exceptional players apply these systems and gain a lot more than average, but since I am new to this I am more interested at something that discards outliers. + +My current understanding is that low-risk instruments like ETFs offer an annual profits of around 8%. How do Theta gang strategies compare in the medium and long run? I read a few post that were hinting at something along the lines of 1% weekly, but this seems high to me, would mean over 50% a year... + +Thanks to anyone who will take the time to answer. + +P.S: +I am obviously aware of the current "peculiar" state of the market and the whole GME crazyness, so feel free to talk about performance outside of this strange situation. +So I have been keeping a very detailed budget for 2015 and what I have discovered so far in two and a half months: + +1. I spend far more on groceries/eating out then I am comfortable with. I literally look at the numbers and want to kick myself in the ass, not that I am a super lavish eater, but just that my assumption of how much I spend was so out of whack with reality. + +2. Every month there are ALWAYS unexpected expenses. Some surprising, others surprise me because I never accounted for them and they are so obvious. Haircuts, oil changes, dentist appts. + +3. In some areas being super aware has made cutting back very easy. No stops for a tea, no random $2-$3 purchases of gum or convenience items. + +4. Budgeting has also made me think ahead and spend money now to save money later. I buy a toy a month to donate at Christmas and I also give out kickass small toy/game items at Halloween. There is a chain of stores going out of business and I wiped out their toy section/party gifts that had clearance items that were further discounted. I spent just under $100 and bought just over $500 worth of items. Enough for all my donations for the year, as well as Halloween gift bags with 6 items in each, for two years! + +5. Finally writing down exactly what I buy in groceries has made me super conscious of what foods I am eating and I have been cutting back significantly on anything that is not a whole, healthy food. + +I realize I am still new to budgeting, but in the short time I have been doing it I have made a number of changes to my lifestyle and spending. Happily, I am spending a little less each month and making a little bit more. + +My goal this year was to pay off $15,000 of debt and save $10,000 for any emergency fund. Currently I am down to $9077 in debt and I have $1160 in my emergency fund. I only make $45,000 plus any side work I do, so I think I am doing pretty good! + +Edit: Ok this blew up way more then I was expecting. I am trying to answer everyone, but it might take me a bit. Thanks for all the input and conversation, this has been very educational for me! + +Edit 2: My inbox has gone crazy. To clarify a couple of points I have been asked a few times. + +- 45K is certainly more than enough for one person. +- I have been supporting myself fully since I was 17. +- Paid for university and college on my own (student loans were paid in under 10 years) +- I own my own house (put 30% down payment at purchase) bought for a lot less than I was approved for +- own my car, it's a 2002, needs to be replaced and I will be buying a modest used car for cash +- The $15,0000 I did owe was due to being sick for going on 2 years now. I had to miss quite a bit of work. +- I'm sorry if any of this comes off as bragging, that was not my intention I was trying to be completely open and forthright about my situation in the hopes of getting good advice (which i did) and maybe helping someone else out. +- the gum thing was just an example of mindless spending (why is everyone stuck on the gum thing) +- I did do a month of budgeting in December 2014 as well, so technically three and a half months. + +Most of us here probably use bitcoin for many different reasons, but I believe that there is one reason that us early adopters all share: We love the decentralized nature of bitcoin. + +When I say early adopters, I am referring to all of you reading this. That's right, every single one! + +We all took the initiative to invest in a technology not yet fully developed, a technology which role in our society is not yet known. We didn't do it because we had to, or because everyone else where doing it; we did it because we believe in it. + +Using a service like coinbase effectively shows the world that the very essence of bitcoin, the very reason we started using is, doesn't matter to you. + +Using a service like coinbase is analogous to when people first started using banks to store their gold, and it's because of this that our financial system looks the way it looks today. + +Mind you, people didn't have much choice back then, as the alternative was to store the gold yourself. + +We have at our disposal a currency specifically designed to eliminate the need for a third party, yet many entities flaunt many features in order to hopefully be accepted as one, and we can't really blame them. + +This is an anarchic system, and if bitcoin becomes what as big as we all want it to become, people are gonna want to have control over at least some part of it and if we accept such an entity, the oligarchs of today are gonna be able to control it. + +It isn't hard to imagine a future where the only bitcoin transactions accepted are the ones through coinbase or coinkite. + +This time we have a choice and I employ you early adopters, you who care about bitcoin abs want it to succeed, to help keep bitcoin decentralized. +I've given up on identifying trends on individual stocks, and for the past few months I have exclusively played SPY and have done well. + +Anyone here also does this? Any tips and tricks or strategies? +Ticker: ABML + +Full DD on ABML: [Here](https://www.reddit.com/r/pennystocks/comments/ms2gt5/american_battery_metals_corporation_abml_responds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +ABML has filed for Up-listing to the NASDAQ as confirmed by CFO David Coursaut at the Banzinga Small Cap Conference. ABML expects to be generating profits from both its lithium recycling and extraction verticals by Q1 2022. + +Watch the full presentation below, starting at 34:00: [Here](https://m.youtube.com/watch?v=GtvROmnLpKc&feature=emb_title) + +CTO Ryan Melsert will be speaking later this afternoon 1pm EST, will update post after he speaks. + +Update: ABMLs recycling process will allow them to self-produce their own acid bases for recycling, is a closed loop, 0 combustion, 0 hazardous waste emissions, will be able to extract scrap metal from batteries, will be automated. + +Last but not least, happy earth day! +Salutations, APEs and APETTES. Reddit was DDOS'd all day and I took it as a sign. + +I aggregated the last 24 hours (as of 5pm central) of posts on Reddit from Apes who made ComputerShare purchases today and shared screenshots of it. + +# $35,255.07! + +&#x200B; + +|Value|u/|Post| +|:-|:-|:-| +|$1000|me0505|[https://reddit.com/r/Superstonk/comments/psu0i9/my\_turn/](https://reddit.com/r/Superstonk/comments/psu0i9/my_turn/)| +|$69.69|Soapdropper|[https://reddit.com/r/Superstonk/comments/psunva/sir\_they\_are\_buying\_just\_to\_farm\_karma/](https://reddit.com/r/Superstonk/comments/psunva/sir_they_are_buying_just_to_farm_karma/)| +|$1200|MedSpeed\_SomeDrag|[https://reddit.com/r/Superstonk/comments/psv4pf/is\_this\_how\_its\_done/](https://reddit.com/r/Superstonk/comments/psv4pf/is_this_how_its_done/)| +|$3250|CreatorsCreator|[https://reddit.com/r/Superstonk/comments/psvqww/i\_think\_im\_helping\_transferred\_50\_from\_fidelity/](https://reddit.com/r/Superstonk/comments/psvqww/i_think_im_helping_transferred_50_from_fidelity/)| +|$200|bubbastock|<redacted>| +|$1420.69|ChicoMoe44|[https://reddit.com/r/Superstonk/comments/psy16q/took\_5\_minutes\_to\_make\_first\_purchase\_from/](https://reddit.com/r/Superstonk/comments/psy16q/took_5_minutes_to_make_first_purchase_from/)| +|$2500|ThrowRA\_scentsitive|<redacted>| +|$1900|BicyclePositive2479|<redacted>| +|$6969.69|WindyMcBowels|<redacted>| +|$1100|WahidJH|[https://reddit.com/r/Superstonk/comments/ptajgo/computershare\_order\_filled\_today\_at\_19265\_wonder/](https://reddit.com/r/Superstonk/comments/ptajgo/computershare_order_filled_today_at_19265_wonder/)| +|$1020|bluestar4u|[https://reddit.com/r/Superstonk/comments/ptbjwo/buyhold/](https://reddit.com/r/Superstonk/comments/ptbjwo/buyhold/)| +|$7000|Vicew|[https://reddit.com/r/Superstonk/comments/ptbm1g/do\_i\_get\_karma\_now/](https://reddit.com/r/Superstonk/comments/ptbm1g/do_i_get_karma_now/)| +|$2100|dr\_beretta|[https://reddit.com/r/Superstonk/comments/ptbrjx/infinity\_pool\_account\_created\_adding\_to\_my\_xxxx/](https://reddit.com/r/Superstonk/comments/ptbrjx/infinity_pool_account_created_adding_to_my_xxxx/)| +|$4000|Pizza\_love\_triangle|[https://reddit.com/r/Superstonk/comments/ptcbwz/you\_sonofabitches\_im\_in\_to\_infinity\_and\_beyond/](https://reddit.com/r/Superstonk/comments/ptcbwz/you_sonofabitches_im_in_to_infinity_and_beyond/)| +|$225|StockBoston|[https://reddit.com/r/Superstonk/comments/ptdh0k/fuck\_it\_you\_retards\_convinced\_me\_i\_dont\_wanna/](https://reddit.com/r/Superstonk/comments/ptdh0k/fuck_it_you_retards_convinced_me_i_dont_wanna/)| +|$500|CocoBerryIsBestBerry|https://www.reddit.com/r/Superstonk/comments/ptctdj/order_placed_last_thursday_filled_today_and/| +|$400|limepr0123|https://www.reddit.com/r/Superstonk/comments/ptazcq/low_xx_holder_so_i_did_a_thing_today/| + +&#x200B; + +There was a post for $15k that the user then deleted, and then deleted their reddit account, so I'm not including it here. + +&#x200B; + +Previous posts: + +$508,342.55 [https://www.reddit.com/r/Superstonk/comments/psy6mp/you\_crazy\_apes\_puchased\_how\_much\_the\_last\_24/](https://www.reddit.com/r/Superstonk/comments/psy6mp/you_crazy_apes_puchased_how_much_the_last_24/) + +$296,728.38 [https://www.reddit.com/r/Superstonk/comments/ps7em3/you\_crazy\_apes\_bought\_how\_much\_the\_last\_24\_hours/](https://www.reddit.com/r/Superstonk/comments/ps7em3/you_crazy_apes_bought_how_much_the_last_24_hours/) + +$46,524.59 [https://www.reddit.com/r/Superstonk/comments/prim29/i\_compiled\_the\_last\_24\_hours\_of\_computershare/](https://www.reddit.com/r/Superstonk/comments/prim29/i_compiled_the_last_24_hours_of_computershare/) + +$57,648.23 [https://www.reddit.com/r/Superstonk/comments/pqzfd8/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pqzfd8/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$50,692.50 [https://www.reddit.com/r/Superstonk/comments/pqdwt3/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pqdwt3/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$81,465.57 [https://www.reddit.com/r/Superstonk/comments/pppkaq/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pppkaq/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$59,289.98 [https://www.reddit.com/r/Superstonk/comments/pp5g5o/i\_compiled\_the\_last\_12\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pp5g5o/i_compiled_the_last_12_hours_of_cs_posts_for/) + +DISCLAIMER: + +I am NOT encouraging anyone to post their purchases publicly. I personally have not posted mine, b/c people I know also know who I am on reddit. + +BUY HOLD DRS + +We are the catalyst. + +EDIT: A few posts are missing. Guessing when Reddit was getting DDOS'd, my code doesn't handle API timeouts very well. + +I'll update later this evening when I get a moment. + +EDIT: done +So it happened. I was doing a small account to trade options. I had a couple weeks of good trade with almost 100% success. Turned 1k to 4k. Then this past Friday I managed to blew it all. I woke up Friday with not enough sleep then dropped my kid at day care. Came back to log in to my broker was looking at QQQ. I actively trade spy and qqq options and then I broke my first rule is not to trade without a setup. I also broke my second rule not to play counter trend unless I have to set up for it. I bought puts on Qs on Friday even it looked like a up day. Waited on the trade a while even though Q went up against me. There I broke my third rule waiting on a losing trade. I finally cut my loss then my 4k balance became 2k. + +I re entered puts bit later when it had a good setup. This time chart was working and I took $100 profit because I had to step out. When I got back I realized if I held my position I would have recovered all my loss. That got me even more frustrated. Here comes the death punch. Only 1.5 hours left in to trading day on a Friday i stubbornly buy more +Puts with all I have left which was expiring in les than 2 hours again thinking price would break down. Of course it didn’t and bounced hard. My 2k now became $300 in matter of minutes. + +I had to vent somewhere. Lesson learned never trade when you are sleepless and never trade with emotions. Any advice y’all have around trading Qs and spy ? I would appreciate it. + +EDIT - ***All of you that provided encouraging words and sound advices are the best group of people. You have helped me get out of this slump and I am already working on to be more disciplined and back on track with winning today. We can help each other a lot. + +And small group of y’all who likes to talk down on people and kick them when they are down don’t matter at all. You act like you never made a mistake good for you.*** +There is a lot of new people entering Bitcoin. If you are new here you don't understand what Bitcoin is. The most important part is to understand what bitcoin is, and what gives its value. Here is a bullet list of things to grasp. + +***I'm not writing this for an argumentation or your opinion, i'm doing this to help you understand better and AVOID BIG MISTAKES, if you get "offended" take it elsewhere. I have seen many making the same mistakes over the years. Real bitcoiners/hodlers are really hard on certain points like shitcoins. This is not to be mean or trash the "idea" behind the coin, but to warn you that you will likely lose all the money.*** + +**This is what you need to do and understand to survive well** + +**Bitcoin** + +1. Bitcoin is not an investment. You cannot think of it as gold or a stock. Instead think about it as an adoption curve for a new technology, like the radio or TV. But this is the adoption of a new currency or more accurate a store of value. Nothing we have ever seen before. Hence it is not an investment it is something you use to save wealth. See the price as the adoption curve. Maybe hyperinflation kicks in and all your fiats are worth nothing. Btc is the only fixed thing we got. Hence, its the standard to compare against. Therefore its not an investment. If you say it is you do not understand my point. +2. You are still early. +3. Bitcoin will be "stable" when adoption happends. The volatility is not an issue. Your time preference is. See 25. +4. Do not sell bitcoin to "take profit". Do not have weak hands. Enter bitcoin with the mindset that this is your savings. You sell when you need to buy something in fiats. +5. **HODL** +6. Do not FOMO. Bitcoin will keep going up, within a year it might be above 300k USD. In 10 years it might be 10 million. But it will not be zero. If bitcoin goes to zero we have much more primal issues to deal with. +7. Therefore with this knowledge DCA, buy bitcoin every month, spare some to buy during dips. +8. In doubt zoom out on the chart +9. You need to watch Bitcoin in logscale on charts. +10. Everyone buys in at bitcoin in the price they deserve, it's human nature. +11. You can try help other get into bitcoin but you will mostly fail. +12. Don't tell everyone that you own bitcoin. +13. Use tor, VPN etc when using btc. +14. Don't fall for the phishing attempts. No one legit will ask you to enter the seed or pins. +15. Bullrun did just start +16. In a bullrun bitcoin does a bunch of 30-40% dips, it can last a few hours to weeks. +17. When bitcoin goes up it goes up fast. +18. If we do not enter hyperbitcoinization were mass adoption happends, we will probably hit around 300k USD +- 100k in this bull run. This is simply because of the inbuilt properties of bitcoin. Then we might have another 80% pull back. But this time more big players are in, that doesn't have weak hands. Hence do not count on a 80% pull back. +19. DO NOT TRADE BITCOIN, you will lose money +20. DO NOT BUY OR TRADE SHITCOINS, you will lose money +21. EVERYTHING ELSE than BITCOIN is a shitcoin. +22. Bitcoin have no real competitor. +23. Governments wont ban bitcoin +24. One very important part of bitcoin is that its founder(s) is unknown and it needs to remain that way. Otherwise decentralization will not really work. +25. Only invest what you are **NOT** willing to lose. +30% of all USD was created in the last 10 months. Inflation is high and it will be higher. Somewhere the prices need to adjust the new money base. Even gold lost +90% of its value the last 100 year. +26. Always store Bitcoin in cold wallets. You control the keys. +27. Never enter the seed phase into a computer. +28. Assume your computer is compromised. +29. When sending, double check all the data. +30. When sending a lot, first send a little amount to check it works. +31. The entire blockchain is broadcasted with satellites. +32. Order btc wallets etc to another adress than you live at If you can. +33. Bitcoin have no upside because fiats have no bottom limit. +34. Best time to buy bitcoin is now. + + **Bigger picture** + +1. Most of what you learned in school is not accurate. They taught you that deflation is bad, that when something gets cheaper people will stop buy it. What a lie! No one here have experienced real capitalism. Issues blamed on capitalism is often originated from governments. Capitalism needs a free market of capital to work, which we haven't had for over 100 years. +2. People talk about bitcoin scaling issues, increase block size etc. Thinking 5 min transaction is taking to long. They fail to understand that you should not compare it to VISA. But with golds properties. You can move 100M USD in Bitcoin for 5 USD and it takes 10 min, this is madness. In any other goods it takes 2-20% to move capital and a long time. Moving 100M USD in gold. That will probably cost +100K USD and take 30 days. Selling a house? Taxes, the house could be for sale for years. +3. Hardest money always win in a free market. +4. Bitcoin was created to separate the state and money. And to create the money with most scarcity. Making it the hardest money. This is a profound idea never used in the modern world. +5. To really understand bitcoin you need knowledge about Austrian economics, psychology and history. +6. Hard money like Bitcoin affects its surroundings, it set the tone for society. It creates a low time preference world, **which in history have more peace, inventions and development for humans. Because everything have to be paid its real price and therefore must be PRODUCTIVE.** War is pricey. If you are out of money you cannot keep the war going, but today they print money (aka taking your money) to keep it going. Or say social programs: Everything the government does is ineffective by nature. Running a deficit because of a non productive health care system is done today, many countries does it. But it doesn't work under a hard money system with real capitalism, because **it has to be effective and produce real value to humans.** Running a deficit with hard money and no monetary policies means increased taxation. If the government taxed you the real cost for their spendings you would not have much left. That is why we have fiats that the central bank can expand, so the real cost doesn show as easily. The median salary haven't moved for 20 years but the median home have doubled in price, health care and education have gone up 200%. Thats where they took your money. The first covid subsidy you got in america, they took 18600 USD from you and gave you 1200 USD back. Since ww1 (mostly 1971) we have lived in a high time preference world that works like this. Understand inflation and the effect of low and high time preference has in society is important Bitcoin changes this aspect to low time preference. +7. Inflation is not price increase, it is expansion of the money supply. Price increase is a symptom of the disease. +8. CPI is not accurate measure for inflation. Asset and monetary inflation is better. +9. Government creates monopolies, not free markets. +10. Deflation is good. Things get cheaper and better. +11. Learn about the Cantillion effect. +12. [https://wtfhappenedin1971.com/](https://wtfhappenedin1971.com/) +13. You have not experienced bitcoin until you have went through an entire bull and bear market. +14. Go down the Bitcoin rabbit hole +15. Modern Monetary Theory, keynesianism, monetarism is all wrong, they all come to different conclusions but all ends with monoplies, deficit, no free capital market and Inflation. +16. Do not touch shitcoins. + +&#x200B; + +**Some good books to read** + +The Bitcoin Standard by Saifedean Ammous + +When Money Dies By A Fergusson + +Road to serfdom By Hayek + +BItcoin hard money you cant f\*ck with by Jason Williams + +The Sovereign individual by William Rees Mogg + +**Some good podcasts** + +The What is Money Show by Robert Breedlove + +The ALSLAX podcast + +The Bitcoin standard podcast + +The Pomp Podcast + +The investor's podcast network + +What bitcoin did podcast. +I (18) am starting an apprenticeship in September where the annual salary is £20,000. This is the first wage I'll be getting and I'm very confused about how I should organise my finances. I currently have around £2k from a CTF and savings. + +I'm planning on living at home for at least the first year and other than travelling to work and driving lessons, I believe I'll have little expenditure. What kind of things should I prepare for and how should I organise my finances? + +Also how much should I contribute to household expenses per month? Just for some context, my family are working class and my salary is on par with my parent's salary. All in, total monthly expenses come in at £1300 for the household. + +Thanks for reading and any advice would be greatly appreciated. +Thank you for contacting. + +Swedbank keeps securities with custodians or in the register (except in the Estonian securities register) in securities accounts opened on behalf of the bank for the joint storage of securities (e.g. representative account, customer account). Therefore, DRS transfer is not possible through us, and SSI (standard settlement instructions) data must be used for the transfer of foreign securities. + +According to our information, Computershare does not support SSI transfer, and if you want to transfer your share(s) there, you should use the help of an intermediate broker (eg Interactive Brokers, etc.). In other words, first transfer the SSI data to the intermediate broker's account, and then transfer the DRS to Computershare. I draw your attention to the fact that in order to transfer securities, you must have accounts with all parties. It may also not be profitable for you, as transfers are accompanied by service fees, which significantly increase the purchase price of the share. In some cases, it is easier, faster and more profitable to sell shares in one system and repurchase them in another system. + + +I gonna start DRS. Fukitol. +TA tries to capture market psychology and sentiment by analyzing price trends and chart patterns for possible trading opportunities, but it's misguided and lacks a theoretical basis. + +When put to scientific tests it doesn't hold up against empirical evidence. Analysts consistently looking at different indicators and hedge their analysis. Often going BACK to data and drawing lines saying LOOK LOOK it broke the barrier line trend hill thing! SEE! + +Listen - if this stuff actually worked - we would have giant AI computers dedicated to learning how to do it - oh that's right we do - and you know what happens when we plug them in to the system? The system figures it out and reacts differently. The global mood changes on a dime and all TA goes out the door with it. + +**tldr; IT IS NOT OBJECTIVE.** + +Let me be clear, there ARE definite patterns within the stock market, and if they are recognized they can be successfully traded upon, but analyst cannot separate themselves from their beliefs and pre-dispositions, they selectively, and possibly sub-consciously, choose charts and TA indicators that confirm what they have already concluded. +Hi All, + +My parents are trying to sell their home and are part of a chain. Recently a home-buyers surveyor visited the property without PPE equipment. My parents let him in to survey the house and then (by their account) had a firm discussion at the end about his lack of PPE and failure to avoid touching doors, walls etc... + +The report came back and has claimed the house suffers from subsidence, rising damp, lack of adherence to electrical codes, etc.. (essentially he threw the book at the house). The home-buyer surveyor is not a chartered RICS surveyor. + +The report is a pack of lies and subsequently, the sale has fallen through. My brother (mum's other son) is a chartered surveyor and can vouch for the condition of the property. My parents are also happy to pay for another independent report to prove all claims are untrue. + +What courses of action do they have available to correct the report, or take the home-buyer surveyor to task, or reclaim lost costs. + +Thanks +Hi all, + +After a bit of help and motivation for my partner. He is late 30s and doesn’t have much of a pension at all. He doesn’t have huge capacity to boost his earning. He also has gaps in his NI payments so probably isn’t on track currently to get full state pension either. + +I am the higher earner and am in a better position re pension etc, though I could definitely do more. + +We are currently looking at buying a place together, but I’ve been encouraging him to get his head round his pension and look at how much he should increase his savings by to start to build that up to a more reasonable level. I don’t want him putting everything into a mortgage and continuing to neglect his pension. Currently we live in a property I own so he’s not paying rent, so it’s not like a mortgage would be a rent for mortgage swap - it’s all going to be extra over his current outgoings. + +However he’s very demotivated. We’ve done a few online pension calculator things and even if he invested pretty much all his take home he’s still only just ending up at what they recommend. And obviously that leaves him with nothing to put into a mortgage or living a good life in between now and retirement. + +I know there’s no one answer but does anyone have any good resources or thoughts on how to decide upon a balance between saving for retirement against current needs like a mortgage? Or any motivational stories to show him that it’s not completely pointless at this point to start trying? + +As a secondary point if anyone has any good info on NI payments and state pension so we can understand if we should prioritise filling in those gaps or the money is better off elsewhere that would also be much appreciated. Thanks all! + +Edit: thanks for all the responses so far, incredibly helpful. I know it’s all subjective but helpful to just hear others’ thoughts. And loads of good info on state pensions stuff too. To clarify a few things: + +- the question isn’t “should he overpay on the mortgage or put into his pension” it is “can we afford to get a mortgage together at all, or should we limit its size so payments are lower because we feel we need to weight more of the take home in building up his pension rather than putting it into a mortgage”. What should be the priority - mortgage and home ownership or pension. Obviously it���s a balance between the two, but that’s the crux. He can afford to make mortgage payment in his take home, he can afford to start massively putting into a pension to try and catch up, but probably not both to the full extent with other living costs, so how to decide the split? +- he has a work place pension and currently past 5% with that matched by his employer. Got an action to look at that more in terms of funds performance fees etc +- he has a LISA (new last year) but would potentially be using that towards the mortgage (as he will be a first time buyer). Though that is subject to decision on what he should prioritise. +&#x200B; + +# How it works + +Long story short: It’s so useless, we burn it. + +Our entire ecosystem and direction is designed to buy USELESS – and burn it: two community-lead apps, merch, corporate profit, excess liquidity. Anything and everything will be allocated towards a hyper-hyper deflationary pump-n-burn of the token. + +&#x200B; + +So it's not just a simple burning of tokens. And the chart will be like: "Oh, cool. Someone buys a large amount of $USELESS. Wait, what?! COOL! SOMEONE BURNS THOSE AND REDUCES THE CIRCULATING SUPPLY!” + +&#x200B; + +# Reasons why + +Yes, we could talk a lot about "so early", "to the moooon" and "renounced ownership" and so on. Boring. Everybody does it. + +&#x200B; + +We have more solid arguments: + +# + +📝 $USELESS is a registered company + +All 6 directors are fully doxxed legally registered in the US. Who is it? Check our team section at [www.uselesstoken.org](https://www.uselesstoken.org) + +So this is not a quick pump and dump. We see a future in $USELESS. + +&#x200B; + +🤝 We are part of the “DeFi Alliance” + +Created by ex-SafeMoon core team member Ragnar, which also includes notable projects such as: + +&#x200B; + +Gallant Token + +&#x200B; + +PiggyBankToken + +&#x200B; + +The Collective Coin + +&#x200B; + +We are very happy to be by the side of some other strong and friendly communities that support each other. + +&#x200B; + +\- 75 % friendly whales + +Most of the top 25 holders came forward and have agreed to support the project + +&#x200B; + +\- Tokenomics – because why the hell not?! + +4 % is added to LP, 4 % is distributed to the holders (incl. burn wallet) + +&#x200B; + +\- Infinite meme potential + +Really, $USELESS memes are fun. And they won’t get boring! + +&#x200B; + +\- Brand new $USELESS merch + +We just launched our online shop! Show the world that you’re part of our $USELESS community by wearing $USELESS t-shirts, hoodies and caps or putting our stickers everywhere! + +[https://useless-crypto.myshopify.com](https://useless-crypto.myshopify.com) + +PS: We have “DeFi Alliance” merch too. + +&#x200B; + +# Useless links + +✅ Contract: + +[https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657](https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657) + +&#x200B; + +✅ LP Locked: + +[https://dxsale.app/app/pages/dxlockview?id=0&add=0x091dD81C8B9347b30f1A4d5a88F92d6F2A42b059&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x091dD81C8B9347b30f1A4d5a88F92d6F2A42b059&type=lplock&chain=BSC) + +&#x200B; + +✅ Contract owned by multi-signature safe: + +[https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1](https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1) + +&#x200B; + +✅ Chart: + +[https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657](https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657) + +&#x200B; + +# Useless social media + +Discord + +[https://discord.gg/KJf8kH6W](https://discord.gg/KJf8kH6W) + +&#x200B; + +TG + +[https://t.me/uselesscommunity](https://t.me/uselesscommunity) + +&#x200B; + +Reddit + +[https://www.reddit.com/r/UselessCrypto/](https://www.reddit.com/r/UselessCrypto/) + +&#x200B; + +Twitter + +[https://twitter.com/uselesstokenorg](https://twitter.com/uselesstokenorg) + +&#x200B; + +Instagram + +[https://www.instagram.com/uselesscrypto/](https://www.instagram.com/uselesscrypto/) + +&#x200B; + +Facebook + +[https://www.facebook.com/uselesscrypto](https://www.facebook.com/uselesscrypto) +First off forgive me for any formatting or grammar issues im usually just a lurker. Anyways I wanted to post some information about Phi Group inc. ($PHIL) + +Current price .0037 (according to TD and Yahoo) + +My position 10m @ .0002 + +Recent news and planned events (none of this info is from sources I’d call reliable) + +1) First GAAP audited 10K towards getting current out within a two week period. + +2) Opened the first Lux RAIF fund to specifically handle investments in Vietnam. It has many compartments. One of which is for opening the Asain Diamond Exchange in the free comodities zone in Vietnam. It is to be similar to the one in Dubai. + +3) The CEO just left Dubai where he was obtaining capital for a part of the fund. It has been placed in the fund a is suppose to be between 350 to 500 million dollars. + +4) There is an article out there that mentions a project between Phil and the Vietnam government that mentions over 15 thousand acres of land. + +5) The CEO has a buyback plan to be completed by the end of June no reverse split. + +6) Phil owns 51% of Vinafilms and its expected revenues of 50 to 100 mil in a non-covid year. + +7) they’ve team up with a Vietnamese real estate company called Tecco Group who currently build massive apartment complex’s and shopping centers. +https://teccogroup.vn/ + +8) special dividend planned for the end of June. It’s supposedly 1 share of new company American Pacific Resources ($APR) for every 20 shares of $PHIL. $APR will supposedly be listed on NASDAQ so the new company will have to meet basic listing requirements. + +9) They just received an .18 valuation from this website but take that with a grain of salt because I don’t know how reputable this website is. +https://www.macroaxis.com/valuation/PHIL/PHI-GROUP-INC + +Under is a list of $PHIL subsidiaries copied directly from their shitty website http://phiglobal.com/ and most of which are inactive we will learn more about them in upcoming financials. + +Abundant Farms, Inc. +A Wyoming corporation +Percentage of ownership: 100% +Business activity: Agriculture + +American Pacific Plastics, Inc. +A Wyoming corporation +Percentage of ownership: 100% +Business activity: Plastics film manufacturing, holding company for Vinafilms JSC. + +American Pacific Resources, Inc. +A Wyoming corporation +Percentage of ownership: 100% +Business activity: Mining & natural resources. + +American Saigon Palace Group, Inc. +A Wyoming corporation +Percentage of ownership: 100% +Business activity: Real estate & hospitality (inactive). + +ComMatrix, Inc. +A Wyoming corporation +Percentage of ownership: 100% +Business activity: Telecommunication, holding company for Gridline Communications, Inc. (inactive) + +PHILUX Capital Advisors, Inc. +A Wyoming corporation +Percentage of ownership: 100% +Business activity: Asset Management, Consulting and M&A Advisory services. + +PHI Luxembourg Development S.A. +A Luxembourg company +Percentage of ownership: 100% +Business activity: Mother holding company for PHILUX Global Funds (in formation). + +PHI VIETNAM INVESTMENT AND DEVELOPMENT LTD. +A Vietnamese limited liability company +Percentage of ownership: 100% +Business activity: Investment and Consulting Services. + +PHI EZ Water Tech, Inc. +A Wyoming corporation +Percentage of ownership: 75% +Business activity: Water treatment technology (inactive). + +Phivitae Healthcare, Inc. +A Wyoming corporation +Percentage of ownership: 100% +Business activity: healthcare. + +Disclaimer *non of this is financial advice and I’m in no way telling anyone to buy* + +Thanks for reading feedback would be most appreciated. +I have conducted extensive research into the question, and the have calculated the most appropriate value based on today's metrics and understanding. + +Long story short "Empty Block Bonuses" needs to be limited to approximately $50 Million monthly. If more than $100 Million or less than $5 Million, it should be adjusted. + +To arrive at this value, issuance of New ETH should be reduced from 5 -> 1, IMMEDIATELY, August 1st. At which point it should be reduced in half every 500,000 Blocks (3 months), approximately or at a minimum 1,000,000 Blocks (6 months). + +Regarding the Economics, transaction fees are pegged to $0.25 approximately, while Bonuses are fixed to a % of the Market Cap. Effectively, this means that all Bonuses in excess of $50 Million monthly is wasted, as it creates an unnecessary and undesirous expense with no long term value. It's equivalently the same as burning money. + +Prior to February 28th, the most Ethereum had spent on "Block Chain Security Bonuses" in a given month was $13 Million dollars (Feb, 2017) or $104 Million for all of 2016. This is what I call the appropriate cost for block chain security. However, as it is an unlimited dollar figure tied to the market cap (or daily issuance x spot price), Ethereum spent $41 Million in March, $61 Million in April, $177 Million in May, $272 Million in June, and $104 Million in July - keep in mind this is always in addition to the millions in transaction fees, which is the negotiated fee between miners and holders, and thus constantly adjusted to the correct real world values. + +Any value about $50 Million monthly is pure waste, IMO, or spending 4x more than at any point during 2016. Likewise, the mathematics and the economics of the code create maximum sustainable or useful values of Market Cap / spot prices. Effectively, in the current system of 5 ETH per block, the maximum sustainable value for Ethereum is approximately $120. With the next change from 5 -> 3 the maximum sustainable value will be $200. However, by reducing the cost from 5 -> 1, Ethereum can sustain a spot price of $600. If Ethereum reached $600 today, Block Chain security expenses would change from what it should be (about $100 Million) to $550 Million monthly, until the price of Ethereum went back down to $120. + +However, what you will find is that by changing the rate of Price Deflation from 5 ETH per block to 1 ETH per block, is that Ethereum will become universally sustainable without significant future management involvement, as the rate of Price Deflation will become the lowest or within 1% of the lowest Price Deflationary currency on Earth. Bitcoin has managed this achievement through issuing a guess in 2008 / 2009 as to what the value of block chain will be in 2017. You can likewise time the 'run up' of block chain to periods shortly after where Bitcoin cuts it's expense in half. + +Bitcoin guessed in 2009 what the price would be in 2017. Based on that calculus it came up with 4%. Ethereum is guessing in 2017 what the price will be in 2017. It has significant advantage over Bitcoin in this regard. With certainty, we can expect the price to be more than $100 but less than $300. However, would you dare guess what the price will be in 2025? This is effectively what Bitcoin attempted to do. + +Bitcoin is currently spending $113 Million monthly on block chain security, LiteCoin $17 Million, and Dash $7 to $14 Million depending on a point of view. The maximum a competing coin has spent in a single month at any point in time is approximately $20 Million, for any coin made after 2009. Bitcoin (and Ethereum) are the only coins to have ever spent more than $20 Million in a single month, with Ethereum spending $273 Million in June, 2017, the most spent by any coin in a single month in the history of block chain technology. + +Therefor, based on an extremely sound and reasoned argument, with full appreciation and understanding of the block chain economic systems, I am recommending the following: + +---- + +To add an issuance reduction, I recommend that for block.number >= METROPOLIS_FORK_BLKNUM: + +Let X = 1 ETH (ie. 1,000,000,000,000,000,000 wei) - 2.2% Inflation + +Change the block reward to X + +If an uncle is included in a block such that block.number - uncle.number = k, the uncle reward is (8-k) * X / 8 (this is the existing pre-Metropolis formula for uncle rewards with X=5) + +The nephew reward is X / 32 (this is the existing pre-Metropolis formula for uncle rewards with X=5) + +--- + +With the following programmed adjustments to future Bonuses: + +Let X1 = 0.50 ETH after 500,000 Blocks (11/1/17) - 1.1% Inflation + +Let X2 = 0.25 ETH after 500,000 Blocks (2/1/18) - 0.6% Inflation + +Let X3 = 0.13 ETH after 833,333 Blocks (7/1/18) - 0.3% Inflation + +Let X4 = 0.06 ETH after 1,000,000 Blocks (1/1/19) - 0.15% Inflation + +Let X5 = 0.03 ETH after 1,000,000 Blocks (7/1/19) - 0.08% Inflation ... and on going. + +On these dates, after appropriately adjusting the market to the corrected economic conditions, you would find the following expense outcomes. + +8/1/17 - $100 to $900 Spot Price - Monthly Expenses $17 Million to $155 Million + +11/1/17 - $400 to $1,200 Spot Price - Monthly Expense $34 Million to $103 Million + +2/1/18 - $600 to $2,400 Spot Price - Monthly Expense $50 Million to $200 Million + +7/1/18 - $1,200 to $4,000 Spot Price - Monthly Expense $50 Million to $170 Million + +1/1/19 - $4,000 to $12,000 Spot Price - Monthly Expense $41 Million to $124 Million + +7/1/19 - $12,000 to $30,000 Spot Price - Monthly Expense $62 Million to $155 Million + +--- + +While those estimates may seem outlandish, it is the result of creating the most perfect financial system in the history of human existence. Bitcoin perfected the heart beat of the block chain, fixing the time signature regardless to the amount of computer put against it. However, it is unable to eliminate inflation, as it was set in stone in 2009. + +By establishing 1 ETH per block on August 1st, Ethereum will become the least inflationary, most stable asset in human existence. By Feb 2018, the rate of inflation can be set to less than 1%, vs 11% today. Put another way, today every 1 in 9 Ethereum purchasers of average $5,000 US must recruit another user to purchase $5,000 ETH each year to maintain Spot price stability, and cover the costs of block chain security. By July 2018, that will go down to 1 in 400 Ethereum users, and get cut in half every 6 months after that. + +Effectively making the rate of inflation in Metropolis significantly below the rate of birth and GDP, and significantly lower than any other financial system. Bitcoin will be stuck at 4% until 2019 and US Dollar is speculated to be 1 to 3%, while Ethereum will be 0.3%. + +Following the plan above, by July 2018, the market cap of Ethereum will be over $1 Trillion dollars, effectively making it the first world currency in the history of Earth. + +If Bitcoin was to attempt to achieve a similar valuation, it's monthly expenses would necessarily increase from $110 Million to $3.3 Billion, a month. Effectively this stagnates the future growth of Bitcoin, as it is cheaper to create and market an alternative coin than it is to waste over $30 Billion annually for an expense that cost $1 Billion annually just 1 year previous - Put another way, Bitcoin would need to recruit over 6,000,000 new customers of $5,000 annually to sustain the expense, where as under my model Ethereum would need to recruit 151,000 customers annually to sustain a spot price of $12,000 by July 2019 with a $1 Trillion dollar valuation. Currently Ethereum is recruiting approximately 300,000 new customers a year. + +This means to maintain stability under the 5 ETH system, at $150 Spot Price, they need 315,000 New customers annually. Beginning August 1st, at 1 ETH, this goes down to 63,000 annually. As the natural rate is closer to 300,000, this unavoidable escalates the price, which escalates the expense, until it reaches equilibrium around $750, which I speculate would occur by 10/31/17. With the same rate of new customer acquisition as is today, we can achieve a price of $750, simply by controlling expenses, while maintain an expense level which will be the highest on the market, aside 2009's Bitcoin. + +Ethereum can set itself on an unstoppable path to become the global currency by establishing 1 ETH per block on August 1st. You have the math, you have the ability, now apply reason, logic, and intuition and you will discover the future turn of this world. Blessings. + +You can double check my work here: + +https://docs.google.com/spreadsheets/d/1onjAoS1oBEE4B15i2u_VuXPAG4556v-nPfe7qktrEJU/edit?usp=sharing + +Please make a copy, as it is an editable document which I have backed up in case it is changed down the road, but the document you view may not be the document as intended if others make malicious changes. Thank you for the understanding. + +Link to comment within the EIP 649 board: + +https://github.com/ethereum/EIPs/pull/669#issuecomment-315765514 +&#x200B; + +https://preview.redd.it/bif9ca560qn91.jpg?width=1500&format=pjpg&auto=webp&s=b4fea1e18502f171c82e7ad66565c7741ef39dac + +I can't claim to be an expert on this, but with the merge about a day away, I thought it would be good to put together some FAQ and links to some resources. + +... + +# What is The Merge? + +Right now Ethereum uses a Proof of Work consensus protocol, similar to Bitcoin, that allows all the different nodes to agree on the state of the network (basically, who has how much ETH). For many reasons including security, environmental-concerns, and scalability, Ethereum is moving to Proof of Stake. This transition from PoW to PoS is what is called "the Merge." + +&#x200B; + +>The Merge is the most significant upgrade in the history of Ethereum [^(1)](https://ethereum.org/en/upgrades/merge/#what-is-the-merge) The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability [^(1)](https://ethereum.org/en/upgrades/merge/#what-is-the-merge) + +**TLDR: Ethereum is upgrading from** [**Proof of Work**](https://ethereum.org/en/developers/docs/consensus-mechanisms/pow/) **consensus mechanism to** [**Proof of Stake**](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos)**. This is big!** + +... + +# Wen Merge? + +Really, really soon! Probably sometime on September 15th. + +&#x200B; + +>The Merge will be triggered when the network passes a threshold accumulated difficulty, known as the TTD (terminal total difficulty) [^(1)](https://ethereum.org/en/upgrades/merge/#what-is-the-merge) The target date for the merge is September 15th with a TTD of 58750000000000000000000 [^(2)](https://ethmerge.com) + +https://preview.redd.it/jbxxbz9emqn91.png?width=1586&format=png&auto=webp&s=97373c41ee0d23d32c76f7c3fdf54bfed2a1c534 + +**TLDR: September 15, 2022. Monitor progress at** [**bordel.wtf**](https://bordel.wtf) **or by googling "the Merge"** + +... + +# Do I Need to Do Anything? + +Absolutely not! The upgrade process is under-the-hood and does not need any input from you. Please be alert, there will be scammers trying to capitalize on any confusion during this process. + +&#x200B; + +>You do not need to do anything to protect your funds entering The Merge. *This bears repeating*: As a user or holder of ETH or any other digital asset on Ethereum, as well as non-node-operating stakers, you do not need to do anything with your funds or wallet before The Merge. [^(1)](https://ethereum.org/en/upgrades/merge/#preparing-for-the-merge) Users will experience no change in their day-to-day experience using Ethereum. [^(2)](https://ethmerge.com) + +https://preview.redd.it/ab40ihk0dqn91.png?width=1790&format=png&auto=webp&s=02fbbbbf683fc144d2c302c58a7b650336715daf + +**TLDR: No action is required to upgrade on your part. Repeat: nothing, nada, zilch!** + +... + +# Does the Merge fix gas prices? + +Ethereum network fees are based on supply and demand, when the network has a lot of activity, gas prices can be really high. Unfortunately, the Merge was not really intended to reduce the costs...but hey have you tried L2s like [Optimism](https://twitter.com/optimismFND), [Arbitrum](https://twitter.com/arbitrum), and [Loopring](https://twitter.com/loopringorg) or sidechains like [Polygon](https://twitter.com/0xPolygon) and [Gnosis](https://twitter.com/gnosischain). What's the difference between an L2 and a side chain? [^(5)](https://www.reddit.com/r/ethereum/comments/it22g2/comment/g5csv8n/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) [^(6)](https://ethereum.org/en/layer-2/) + +&#x200B; + +>No. Unfortunately, the Merge is not designed to make Ethereum cheaper to use. [^(3)](https://support.ledger.com/hc/en-us/articles/6314087134365-Ethereum-Merge-FAQ?support=true) The Merge is a change of consensus mechanism, not an expansion of network capacity, and will not result in lower gas fees [^(1)](https://ethereum.org/en/upgrades/merge/#after-the-merge) + +**TLDR: Nope.** + +... + +# Can I withdraw my staked ETH after the Merge? + +Staked ETH and staking rewards will remain locked following the Merge. We will have to wait for the next upgrade for that! But many of the pooled staking clients like [RocketPool](https://rocketpool.net), [Lido](https://lido.fi), and even exchanges like [Coinbase](https://help.coinbase.com/en/coinbase/trading-and-funding/coinbase-earn/eth-2-0-staking) have liquidity tokens that you can withdraw in place of ETH you have staked in their pools. + +&#x200B; + +>Staked ETH, staking rewards to date, and newly issued ETH immediately after The Merge will still be locked on the Beacon Chain without the ability to withdraw. Withdrawals are planned for the Shanghai upgrade, the next major upgrade following The Merge. This means that newly issued ETH, though accumulating on the Beacon Chain, will remain locked and illiquid for at least 6-12 months following The Merge. [^(1)](https://ethereum.org/en/upgrades/merge/#after-the-merge) + +**TLDR: Not just yet...** + +... + +# What is ETHPoW and what are the Risks? + +Some miners are planning to continue to mine on a forked Ethereum proof-of-work chain, called EthPoW. After the Merge, the balances on the Ethereum PoS chain would be duplicated on the PoW chain. However, there are major risks in interacting with these "airdropped" tokens. + +&#x200B; + +**‼️ WARNING** + +>Unless the miners are able to coordinate before the Merge to create and all agree to run their own new PoW-only release of the Geth client, with a new chain ID, it will be possible to "replay" transactions made on one side of the fork, onto the other one. Anyone can do this to your transactions, at zero cost to themselves. +> +>This means if you try to sell your Eth or other assets on the PoW fork, *you might lose your real Eth or other assets too.* [^(4)](https://np.reddit.com/r/ethfinance/comments/wgiabm/the_risks_of_interacting_with_prospective_pow/) + +https://preview.redd.it/chdkswdjbqn91.png?width=2044&format=png&auto=webp&s=1b1e60e726a7dd6ac868be8b352e47290499bed6 + +**TLDR: Unless you really know what you are doing, best to stay away!** + +... + +Sources: + +1. [ethereum.org/en/upgrades/merge/](https://ethereum.org/en/upgrades/merge/#what-is-the-merge) + +2. [ethmerge.com](https://ethmerge.com) + +3. [support.ledger.com/hc/en-us/articles/6314087134365-Ethereum-Merge-FAQ](https://support.ledger.com/hc/en-us/articles/6314087134365-Ethereum-Merge-FAQ?support=true) + +4. [np.reddit.com/r/ethfinance/comments/wgiabm/the\_risks\_of\_interacting\_with\_prospective\_pow/](https://np.reddit.com/r/ethfinance/comments/wgiabm/the_risks_of_interacting_with_prospective_pow/) + +5. [np.reddit.com/r/ethereum/comments/it22g2/comment/g5csv8n](https://np.reddit.com/r/ethereum/comments/it22g2/comment/g5csv8n) + +6. [ethereum.org/en/layer-2/](https://ethereum.org/en/layer-2/) + +... + +If you some additional questions, answers, or resources, let me know and I can update the post. +There is so much irrational fear and baseless speculation here. + +1) Seized assets are sold at government auctions open to the public. They will be announced well in advance of the auction. It won't be a 30 second warning then it hits the auction block. + +2) Regarding #1, The central bank, the CIA, a government official, wells fargo <insert ominous entity here) aren't going to have some secret back room deal to buy the coins. That's just not how seized assets are liquidated and why in the hell would they wait for a seized asset auction to begin with. Just makes no sense at all. + +3) Seized assets often have reserves set at auction, reserves set by the federal agency responsible. + +4) Seized assets are often broken into smaller lots. Why? Faster selling at prices closes to market value. The auction portion is outsourced to auction companies who have incentive to ensure property is auctioned for the highest value possible because they get paid on some transaction fee % + +5) Regarding 3+4 above, the likelihood of all the bitcoins selling for far below fair market value is extremely low. The parties involved, do seized asset auctions for a living and know how to get the most for an item at auction. They will treat this as any other valuable item with a market and base their reserve prices and auction style decisions on that market. + +6) This will effect the price regardless of who buys them and what they do with them afterward.(hold or dump) minimally and only in a very short term time frame. Yes even if they are immediately all dumped on open market. + +7) This liquidation of assets won't happen any time soon. The assets will be researched and the market value determined. This will drive the decision to split it into lots or keep it whole. Then They have to give public notice of the auction. This process could realistically(considering how slow the government is) take months into years! + +8) Everyone chill the fuck out! +People have complained using those words to describe others, and have complained that it's a weakness of Bitcoin, etc. But I don't even know: + +1. What constitutes a "Maximalist"? Is that someone who puts ALL of their disposable assets into Bitcoin? What about if I own some precious metals, and some real estate, maybe a few stocks...and a lot of Bitcoin, would I be a "maximalist" then, or just a "partial maxi" or something else. How does it work. + +And + +2. What is so "toxic" about them? I'm asking this to those of you who complain about "toxic maximalists". Something really bothers you guys about them, to cause you to call them "toxic". So, do they poison the discussion? Do they have a "you're with me or against me" attitude, is that what's so toxic? Do they consider anyone who isn't also a "maximalist" to be an enemy of Bitcoin? What's so toxic and why do you label them in that way? + +Thank you for clarifying. I won't argue with anyone, but I may ask for additional clarification. Otherwise I will accept your answer as is. Thanks all. +That last dip to me came out of nowhere. Stopped watching the chart everyday and dropped down to looking once a week/2 weeks. +I went to look at the chart after a little holiday to find my favourite stock at $78. + +Something inside of me wanted to sell. I think it was the combo of the war + crazy inflation and the looming energy crisis (Europoors you know where I’m coming from) that made me think maybe the game is over. + +I came to superstonk to read the latest posts and dd, you guys help me remember the key. + +CAN’T STOP, WON’T STOP, GAMESTOP. +I know everyone is frustrated with how bad the regulatory system seems to be captured by the financial institutions. It's so bad that there's even a Wikipedia page describing [Regulatory Capture](https://en.wikipedia.org/wiki/Regulatory_capture) as "a form of corruption" where "a special interest is prioritized over the general interests of the public" *(e.g., Wall St profits).* + +You might remember my previous post, [The Fox is Guarding the Hen House: The SEC is allowing the OCC unlimited access to money in pension funds and insurance companies](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/), where the SEC greenlighted the OCC to access unlimited amounts of money from pension funds and insurance companies. As frustrating as it may be to comment and have the relevant authority appear to ignore them, let's talk about *why comments matter*... + +https://i.redd.it/36y9kd0p3mt91.gif + +Ultimately, it's a set up for an I TOLD YOU SO moment. You may be familiar with working for people that make stupid decisions despite warnings not to. There's even a saying for it: "You can't stop people from stuffing beans up their nose." ([Wikipedia](https://en.wikipedia.org/wiki/Wikipedia:Don%27t_stuff_beans_up_your_nose), [Medium](https://medium.com/uie-brain-sparks/beans-and-noses-21c16ac5cade)) Comments are how we the public can warn those in authority against stuffing beans up their nose. Will they? Absolutely. + +Despite [over 200 comments](https://www.sec.gov/comments/sr-occ-2022-803/srocc2022803.htm) to the SEC against letting the OCC tap pensions and insurance companies for unlimited amounts of money, they did it anyway ([SR-OCC-2022-803 34-95670](https://www.sec.gov/rules/sro/occ-an/2022/34-95670.pdf)) -- which puts the SEC on record for having to justify their decision. + +[SR-OCC-2022-803 34-95670](https://www.sec.gov/rules/sro/occ-an/2022/34-95670.pdf) was an OCC Proposal made to ensure the OCC can manage a Clearing Member default: + +[SR-OCC-2022-803 34-95670 pg 2](https://preview.redd.it/9zfc00qz5mt91.png?width=1782&format=png&auto=webp&s=26baddac951399b2086d800237929ffc629e5a3f) + +In order to manage a member default, the OCC raised $1B (*cue Austin Powers "One Billion Dollars" meme*) starting in 2020. Except that was not enough to meet the OCC's "increase in stressed liquidity demands". + +[SR-OCC-2022-803 34-95670 pgs 6-7](https://preview.redd.it/i41eu7mnemt91.png?width=2310&format=png&auto=webp&s=acd08035b68aa9536729213c103d5b275ebd07c2) + +Now, in order to manage a member default, the OCC asked for and got [*unlimited*](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/) access to money from more sources (aka *diversify its base of liquidity providers*), including more **pension funds and insurance companies**. + +[SR-OCC-2022-803 34-95670 pg 5](https://preview.redd.it/xb4yn4cg6mt91.png?width=1830&format=png&auto=webp&s=f4f9c756a15bc82cf85d34e1cb9ab4e60eb8d7a3) + +The OCC told the SEC they want to tap pension funds and insurance companies "**as an alternative to selling Clearing Member collateral** ~~under what may be stressed and volatile market conditions~~" **during a market crash** (FTFY). + +[SR-OCC-2022-803 34-95327 pg 15](https://preview.redd.it/ojsz6h2d9mt91.png?width=1696&format=png&auto=webp&s=b4ffa6257813781c9d6fcd3f3f32fd0139b9480e) + +Realizing the situation, the SEC basically said "oops, the OCC has got all its liquidity eggs in one basket" so it makes sense for the OCC to "reduce concentration risk" by looking for sources of money outside of Clearing Members and affiliated banks (because they f\*-ed), like **pension funds and insurance companies**. And, the OCC should make sure any such pension fund and insurance company ~~suckers~~ "institutional investors" are obligated to enter into transactions to give the OCC money fast -- within the hour. + +[SR-OCC-2022-803 34-95670 pg 6](https://preview.redd.it/rg71rfe19mt91.png?width=1790&format=png&auto=webp&s=0a08ef57bd573eea7b8616417eeb3109381138a3) + +# The SEC's Reasoning + +"Mitigate systemic risk in the financial system and promote financial stability by ... strengthening the liquidity of SIFMUs" basically means "please don't fail during MOASS, the SEC will give you access to as much as money you want". + +[SR-OCC-2022-803 34-95670 pg 11](https://preview.redd.it/j8n8dyljpmt91.png?width=1748&format=png&auto=webp&s=522c03f3e383351153e5ee4072b5e3c956342b7b) + +All based on... ***belief***. *(Can you believe this?)* + +[SR-OCC-2022-803 \(citations within\)](https://preview.redd.it/g1vv9mllrmt91.png?width=4400&format=png&auto=webp&s=81faf1306df62dd85ff93f14f2ac143986a155cb) + +So the SEC isn't objecting to the OCCs plan because as long as the OCC has sufficient collateral to tap cash in pension plans and insurance companies, even with material adverse changes (e.g., Clearing Member defaults), the SEC is hoping to prevent cascading financial system failure from the OCC, a Clearing Company, running out of money when MOASS. + +***And here we thought the*** [***SEC's mission***](https://www.sec.gov/our-goals#:~:text=The%20SEC's%20long%2Dstanding%20tripartite,capital%20formation%E2%80%94remains%20our%20touchstone) ***included protecting investors...*** + +As far as the SEC is concerned for those institutional investors (the pension funds and insurance companies), [*Caveat Emptor*](https://en.wikipedia.org/wiki/Caveat_emptor) (Latin for "let the buyer beware"). + +https://preview.redd.it/ux0a81v9umt91.png?width=1776&format=png&auto=webp&s=30bb20c16a34de2ffaa49f7d65041718b6ff59ad + +**Silver Lining: At least the SEC is working hard to guarantee Clearing Companies like the OCC will have sufficient access to liquidity to pay up.** + +As for where the liquidity comes from, [Kenneth Griffin told us 4 months ago the plan was to destroy pensions](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/). So when the blame game is played, MSM will inevitably point at apes who are [on record](https://www.sec.gov/comments/sr-occ-2022-803/srocc2022803.htm) opposing this with the SEC. + +https://preview.redd.it/k7kca9bkwmt91.jpg?width=500&format=pjpg&auto=webp&s=e6785ad936d52911dc4cdfd64f1f5ab3093b4194 + +[Now go comment on the proposed rules at the SEC](https://www.reddit.com/r/Superstonk/comments/y2an0w/sec_reopens_comments_for_several_rulemaking/) +My wife and I are in our mid 30's. We own our home (very little equity so far), both work full time, have two young children, own our two vehicles outright, and started a side business last year that took a $35K investment to get going. Our net worth sits at about $360K. Assets include $330K in retirement accounts, conservative home value of $290K, and about $22K cash we keep on hand. Liabilities are $270K mortgage balance, and $12K left on the business loan. Total average savings rate is about 20%. + +We were getting discouraged seeing how all of our peers around our age seem to have bigger, more extravagant houses, multiple 'toys' (offroad vehicles, camp trailers, snowmobiles, boats, etc.), take multiple vacations each year, and generally appear to be kicking ass at life. We often found ourselves in discussions about how you only live once, and that our friend with a bar in the basement sure has a nice house (our house is great too, but not extravagant if that makes sense.) + +This post is a reminder that you're doing great and to not compare yourself to your peers. 95% of our peers referenced above, it turns out, have net worth in the negative tens to hundreds of thousands of dollars. Some of our closer friends found out about our modest wealth through discussions on saving for retirement, and they have started asking us for advice. We became more aware of their situations as a result; between student loans, credit card debt, car loans, mortgage debt, and loans for all the toys they have, our peers average between negative $200,000 and negative $300,000 net worth. It turns out, most of them are pretty envious of our relatively good financial position. Their debt payments typically account for more than half of their family income each month while they put away very little for retirement. + +Don't be too hard on yourself! The sacrifices you are making now will pay off soon enough. Remind yourself that the big spenders you're surrounded by typically wish they had a fraction of your savings and discipline. You're doing great! + +Edit: Net Worth statement now includes 100% more home value! +&#x200B; + +https://preview.redd.it/bg2o4c7mry071.png?width=1000&format=png&auto=webp&s=00d9b3e6270b69c508fe8b265ba2ce5754e185fb + +Hey all, I wanted to put out some information to help mitigate the kind of FUD and assumptions that are not helpful for our community. The amount of misinformation pertaining to the dip with crypto has created so many assumptions that the narrative gets twisted. My tin-foil hat theory is that this is being done intentionally. They think we are stupid. My intent is to clear up some of the assumptions of why crypto has moved the way it has and how it has nothing to do with GME. + +&#x200B; + +**Preface** + +I am not a financial advisor nor crypto expert. I just like the data! 💚 For the sake of keeping this post from becoming a book, I am going to focus on BTC only and explain why it's being pushed around and the factors that influence it. + +&#x200B; + +**The Big Assumption** + +I've been reading many posts about the concern that crypto is being used to help cover margin calls or the possibility that hedge funds are using it to gain leverage. At first glance, visuals like the one below may seem like hedge funds are in trouble. As much as I'd like to have that be the case, we simply do not have this kind of financial data or inside intel. If someone has a daily source of this kind of info, I will concede on this entire post and eat a box of crayons. + +Unfortunately, visuals like this assume that the ones being margin-called are retail investors like you and me. Again, if we had some source to provide accurate data, I would encourage you to share such information. + +https://preview.redd.it/qr1ck2m5jx071.png?width=717&format=png&auto=webp&s=0a2051000013a80797602e233171fec7f6302016 + +**So what's going on?** + +**BTC Bear/Bull Market Trend:** To avoid a book, here is a very good explanation as to what's up with BTC. It is actually very healthy for BTC to have taken the extreme dip that it has taken. It was expected that BTC would deviate from its bull market run. + +[The May 19 Sell-Off Actually Strengthened Bitcoin’s Narrative](https://www.coindesk.com/bitcoin-volumes-may-19-selloff) + +&#x200B; + +>The current bull market dates back to March 2020, when bitcoin hit a yearly low of $3,905. If this bull market grows to resemble that period, it will put bitcoin on course to hit the $400,000 mark by July 2022. + +&#x200B; + +&#x200B; + +In the Stock Market, we can access the general direction of where a stock may go by looking at the options chain as a general indicator. The stock market uses what's called PCR to provide an indication. + +&#x200B; + +>**The Put-Call Ratio (PCR)**: [PCR](https://www.investopedia.com/terms/p/putcallratio.asp) is the standard indicator that has been used for a long time to gauge the market direction. This simple ratio is computed by dividing the number of traded [put options](https://www.investopedia.com/terms/p/putoption.asp) by the number of traded [call options](https://www.investopedia.com/terms/c/calloption.asp). It is one of the most common ratios to assess the investor sentiment for a market or a stock. + +&#x200B; + +To provide some contrast, I wanted to first show you what is expected for GME this week. As we can see in the visual below, GME is looking pretty healthy this coming week. + +[GME Call Options Chain for 5\/28](https://preview.redd.it/wwzpl5h4nx071.png?width=1013&format=png&auto=webp&s=d01d10d19e05141461675eb67367d1af2491b7c6) + +**So what is this clarity to speak of?** + +Now to the nitty-gritty of what's up with BTC. There are many sites but one in particular that I've found helpful provides an overview of the BTC Options Chain. Within, you will find the option chain for BTC, ETH, and BCH. + +&#x200B; + +**Bitcoin Options Chain:** You can determine the max pain just like you would with a stock options chain. Within the picture below, it shows that the max pain for May 24th is 32K. + +[The Option Chain - Calls on the left & Puts on the right.](https://preview.redd.it/lyl0e88vyw071.png?width=1706&format=png&auto=webp&s=412cb3ba7ae2d17ca1a15d40ad5263a124bb0d6b) + +**BTC Options Chain Resource:** The site for this data can be found here: [Bit.com Options : BTC](https://app.laevitas.ch/dashboard/btc/bit/options/chain) + +&#x200B; + +Only a few days later, the max pain potential for May 28th is 25K. This is an extreme drop and the BTC whales of the world are guiding this. If this were to become true, then GME will be doing great and BTC will continue to make downward trends. + +[5\/28 BTC Option Chain](https://preview.redd.it/66jvavgqzw071.png?width=1689&format=png&auto=webp&s=acea3db7f5cfe7cbecebdde60a6a4a7111b9b846) + +For a deeper understanding of how Bitcoin Options work, check this link out. + +[How do Bitcoin Options Work and Should You Trade Them?](https://jeangalea.com/bitcoin-options/) + +&#x200B; + +**Summary:** To give some perspective, BTC's market cap is currently at $611,409,690,509 and GME is $12,511,742,633. There are some big whales who influence the BTC market and it should not be assumed that any negative/positive price movement of BTC is a direct reflection or an indicator of GME's potential price action. We know the market is being grossly manipulated, but we also know we own the float. This gives us a substantial advantage and these dirty methods being used against us will reach a limit. With each day the DD's and Analysis are becoming more refined. Each day we are getting smarter and closer to the MOASS. All we have to do is HODL and if have enough in the tank, buy the dips as they come along. + +&#x200B; + +[Never forget!](https://preview.redd.it/kqftfgsspx071.png?width=554&format=png&auto=webp&s=5e468c1f51e284d935f135f8ea6839941d4bb6f5) + +**Sources:** + +[Coindesk](https://www.coindesk.com/bitcoin-volumes-may-19-selloff) + +[GameStop Corporation Common Stock](https://www.nasdaq.com/market-activity/stocks/gme) + +[CoinMarketCap - BTC](https://coinmarketcap.com/currencies/bitcoin/) + +&#x200B; + +**Updated 1:** My DD was not intended to define a margin call nor define all aspects of Crypto. It was to provide some insight into other ways to interpret the crypto and the stock market and how they differ. This past week our community was laden with **false narratives** of hedges being margin-called and that crypto et al were being used to cover. Trust me, **I'd love for Mr. Mayo face to be margin-called into oblivion**, but the spread of baseless info is toxic. Having more knowledge of how the crypto market can be assessed is a **measure to mitigate FUD**. That was the intent. To help my fellow Ape. We wrinkled and smooth brains are in this together and every day we get smarter. We can tear apart DD's, but nothing in my analysis is misleading. There is no false narrative, it is me offering a **new kind of tool** to make us strong. **FUD will separate us, we are better than that! 💚** + +**Update 2:** Ignore the crypto FUD. + +&#x200B; + +**TL;DR:** BTC does not dictate the price of GME, we own the float and we are in control of that. 🦍🚀🍌 +[UK authorises Pfizer/BioNTech COVID-19 vaccine](https://www.gov.uk/government/news/uk-authorises-pfizer-biontech-covid-19-vaccine) + +A Department of Health and Social Care spokesperson said: + +The government has today accepted the recommendation from the independent Medicines and Healthcare products Regulatory Agency (MHRA) to approve Pfizer/BioNTech’s COVID-19 vaccine for use. This follows months of rigorous clinical trials and a thorough analysis of the data by experts at the MHRA who have concluded that the vaccine has met its strict standards of safety, quality and effectiveness. + +The Joint Committee on Vaccinations and Immunisations (JCVI) will shortly publish its final advice for the priority groups to receive the vaccine, including care home residents, health and care staff, the elderly and the clinically extremely vulnerable. + +The vaccine will be made available across the UK from next week. The NHS has decades of experience in delivering large-scale vaccination programmes and will begin putting their extensive preparations into action to provide care and support to all those eligible for vaccination. + +To aid the success of the vaccination programme it is vital everyone continues to play their part and abide by the necessary restrictions in their area so we can further suppress the virus and allow the NHS to do its work without being overwhelmed. + +Further details will be set out shortly. +&#x200B; + +[It's all coming together!](https://preview.redd.it/plzxtv2zqh871.jpg?width=1112&format=pjpg&auto=webp&s=2ebb298b1ec7f8ca6b1b36b3f632fffa743f008e) + +**Here I try to combine all the great DD found here on this sub, and try to distill the final endgame from the available DD.** + +I'm also releasing this at a point when it's too late for shorts, and it's gameover. If I'm wrong then this DD is meaningless. If I'm right, shorts are strapped into final destination while a dental clairvoyant describes their death to them in clear detail. + +&#x200B; + +**TLDR;** + +**Edit: ETF SHORTING is the main point of this post, and more attention needs to be placed there. NOT crypt0 - it's a sidepoint. Anyone bringing up excess attention to the sidepoint should have their post history checked for shill bias.** + +* Fatal mistake by shorts on 6-9-2021 when GME's ETF's were all shorted at once. ETF's work on T+6 settlement. +* Doesn't matter what shorts do, checkmate was set following completion of 5 million share offering during earnings call. +* ~~Cypto announcement will be the match.~~ T+35 FTDs will be the Fuel. (speculation, sidepoint) + * GME Q2 ends Aug-1, need more wrinkles thinking about this than just me. +* ETFs containing GME (ETFGME) will rocket, all other ETFs with overlap with ETFGMEs will crater. +* **If** you have wallet already, set aside digital currency in preperation to remove Gamecoin from circulation as soon as it launches (no collusion, also it's just good to be first) +* Kenny/Citadel may just be the fall guy, I speculate it's much deeper than just their figurehead. + +// + +**Preface** + +I'm not a financial advisor. Everything stated here should be taken as speculation. As a matter of fact I'm actually down like 20K in paper losses. If anything do the opposite of what I'm doing - or don't lol. Simply put I'm a nobody, with dreams of putting an end to this financial slavery. + +&#x200B; + +For the most part most of this should be read in order. If you need to go back to read up on some of the sub topic go ahead - time is mostly on YOUR side. + +&#x200B; + +This DD is certainly rushed, while building up a multi-month position and there's probably a TON of spelling and grammer mistakes throughout. So do forgive this once dropped as a baby Ape. With that out of the way, here's a summary of what I've pieced together thanks to this great community, and special users discussed below. If you keep reading till the end, there's also a speculative arguement to be had with social media and the rest. + +// + +**Acronym Index and Glossary (copied over from Anon's DD for quick reference):** + +Because I always wish the SEC included these, for the Fed if nothing else + +ETF - Exchange-Traded-Fund - Simply put, ETFs are a hybrid between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. For example, SPY is an ETF with a portfolio designed to mimic the S&P 500 index. + +ETFGME - ETFs containing GME + +FTD - Failure-to-Deliver - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD. + +AP - Authorized Participant - “An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)….When there is a shortage of ETF shares in the market, authorized participants can make more. Conversely, authorized participants will reduce ETF shares in circulation when the price of the ETF is lower than the price of the underlying shares. That can be done with the creation and redemption mechanism that keeps the price of an ETF aligned with its underlying net asset value (NAV).” + +MM - Market Maker - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way. + +HF(s) - Hedge fund(s) + +// + +&#x200B; + +**THE SHOULDERS OF GIANTS - REQUIRED READING.** + +**Part 1: The FTD Cycle.** + +https://preview.redd.it/s3odahn1rh871.png?width=616&format=png&auto=webp&s=8c3f53e1404d686cf2a0cbae90e06d873e4d0a94 + +Not enough credit can be given to u/dentisttft and his post detailing the T+35 FTD cycle, SLD periods, and how it relates to volatility in GME. + +This is a must read to understand the bigger picture, and give this guy more awards. + +[https://www.reddit.com/r/Superstonk/comments/o155a6/t35\_is\_the\_one\_true\_cycle\_evidence\_to\_back\_my/](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) + +&#x200B; + +**Main take aways:** + +* T+21 are approximations of T+35's low liquidity periods. +* FTDs are created T+#settlement trading days. For regular naked shorting this is T+2. (more on settlement dates later) +* MM's wait to cover to attempt to maximize their profits. +* 34 calendar days after the generation of an FTD, MM's must cover. (T+35 days if you count day of FTD creation) + +&#x200B; + +**Part 2: Shorting through ETF's** + +In a mysterious fashion, a now deleted user /u/leavemeanon (Anon) dropped the mother of all DD's detailing how MMs and HFs can use ETF's to short a stock. + +There's been numerous references by Gamestop to this user, but nothing else is known about /u/leavemeanon or his real origins. + +Though the original user and posts are gone, u/VoxUmbra was nice enough to find and upload an archive of /u/leavemeanon's posts. + +Read all 3 parts. + +[https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_1/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/?utm_medium=android_app&utm_source=share) + +**Main take aways:** + +* APs and MM can short securities by selling ETFs without finding underlying shares to create said ETF. Like selling a fruit basket, but promising the fruit later. +* This is made possible due to a T+6 settlement of ETFs, and another securties act 1933 loophole allowing OFF-THE-BOOKS record keeping if you decompose an ETF. These shorts are naked and untracked by SI%. +* Insitutions can theoretically cycle ETFs every 6 days to hide shorts indefinitely, while being eaten alive by interest and premium. +* ETFs alone hold nearly the entire float of GME on their own without a single share of retail. + +&#x200B; + +&#x200B; + +**Part 3: Hints at Overvote.** + +The single greatest piece of direct evidence of an overvote is this rounding error found by u/Rimigo42 + +[https://www.reddit.com/r/GME/comments/nw9sl1/math\_error\_in\_8k\_filing\_possible\_a\_typo\_that/](https://www.reddit.com/r/GME/comments/nw9sl1/math_error_in_8k_filing_possible_a_typo_that/) + +Other hints at overvoting: + +[https://www.reddit.com/r/Superstonk/comments/nx9awr/there\_was\_an\_overvote\_the\_votes\_were\_trimmed\_to/](https://www.reddit.com/r/Superstonk/comments/nx9awr/there_was_an_overvote_the_votes_were_trimmed_to/) + +[https://www.reddit.com/r/Superstonk/comments/nw8ak8/you\_cant\_report\_an\_overvote\_on\_an\_8k\_pass\_it\_on/](https://www.reddit.com/r/Superstonk/comments/nw8ak8/you_cant_report_an_overvote_on_an_8k_pass_it_on/) + +**Main take aways:** + +* Rounding error indicates votes ARE trimmed. +* Trimming is *typically* reserved for overvotes. + +&#x200B; + +&#x200B; + +**Part 4: Regulation and recent changes to chess board.** + +[https://www.reddit.com/r/Superstonk/comments/o57231/dtcc\_icc\_occ\_nscc\_have\_covered\_their\_assess/](https://www.reddit.com/r/Superstonk/comments/o57231/dtcc_icc_occ_nscc_have_covered_their_assess/) + +**Main take aways:** + +* 002 makes everyday an SLR period, and no longer on a rolling cycle. (Added to federal registar, now official) +* Rest are generally there to protect the core DTCC, not malicious shorting HFs. + +// + +**MOASS** + +Warning this is kinda datey, no promises. You gotta keep up the hype though, Hedge funds are hoping to drag this out hoping to collect enough option premium from retail to cover their losses. Time is mostly on our side (months), but wait too long and they WILL defuse the situation by eating retail premium. + +&#x200B; + +Ok lets start. We all know GME has been in a fight with predatory trading practices for awhile now. To the extent we find ourselves at the very beginnings of a short squeeze. We know this thanks to the hard work of u/dentisttft who broke the FTD code as indicated above. However, last month the publicly known FTDs HAVE died down quite a bit as indicated on SEC's website. I use the word publicily here because as Anon has pointed out, many naked shorts can be hidden through the use of ETFs - more on that later. + +&#x200B; + +Lets first take a look at the events of 6-9-2021, the day prior to ShareHolder's Meeting. It is a not a fond memory for many apes. The 5 million share offering did hurt the price after the announcement, but what really made things bad at the time was the intentional capitulation /short ladder BEFORE the meeting by shorts causing a 10% decrease even before GME tried raising capital - THIS IS WHY WE HOLD, money going to hedgies rather than the company that needs it!. + +&#x200B; + +As pointed out by ZION LION u/ZIONLIO29288757 on twitter here: + +https://preview.redd.it/00nkii14rh871.png?width=589&format=png&auto=webp&s=faecc15e333fa1b0678d6811bc7ae57a8071a0ca + +Many of ETF were sold short. What does this mean from the perspective of MOASS? Well a few things. + +As Anon explained: ETFs can be unpacked to retreive the shares inside. What I suspect happened are that MM and other HFs that knew an offering was going to take place, purchased a bunch of ETFGMEs while simutaneously shorting GME. MMs(et al.) can later unpack ETFGMEs to cover their shorts. But this leaves a question where are the naked shorts? + +&#x200B; + +Well Anon answered that too. Shorts created by selling uncovered ETFs do NOT have to be reported unless they turn into FTDs at T+6 due to a loophole in the Securities Act of 1933. However, you can cover your prior naked short by buying yet another ETFGME and unpacking it, thus passing the naked short down the line to the next AP that created the uncovered ETF - and best of all, not report it to anyone. This is equivalent to selling empty fruit baskets without the fruit, and covering said basket with another empty basket every 6 days. ETFGMEs holders are owed GME shares. + +&#x200B; + +And as Anon has pointed out, GME's entire float is already locked within ETF shares without counting a single retail share. Considering that at the same time we apes also hold the near entirety of the float back in April 15th, we know this based off GME's 8-K filing. There is undeniabily, at a minimum 1x float worth of GME naked shorts floating around (even excluding overvote scenario). the MOASS will be a financial lesson taught to your grandchildren for decades to come (if you decide to have them). This doesn't even take into account an overvote, nor possibility of any naked shorts overseas due to different reporting regulations overseas. Buckle Up. + +&#x200B; + +**The fatal moves of 6-9-2021:** + +https://preview.redd.it/7ljlofc5rh871.png?width=1349&format=png&auto=webp&s=473eb82eb33834db86f30bcd09b95c6249bff9ff + +This was delta neutral MM's shorting GME and covering their shorts almost immediately by buying ETFGMEs, and passing the naked GME short onto the ETFGME creator - the AP's (think Citadel et al.). It would become near impossible to hide the FTDs from the T+6 settlement, as naked shorts would preoccupy the next ETF. Looking at settlement, FTDs from 6-9-2021's ETFGME short should occur on 6-17-2021. + +&#x200B; + +The following day on 6-10-2021, we all remember was the day of the combined 10% + 10% drop. The pre-dilution 10% drop was the initial MM short + covering, the next drop however was all AP's (Citadel et al.) plus the added selling pressure by 5 million share dilution. Effectively GME was shorted twice by AP's, and probably covered half by the drop. Leading me to think AP's and Short HFs have net added to their short positions since earnings. This is well suported by the daily short volume on GME being greater than 50%. Because 6-10's were normal shorts - FTDs would be created on 6-14-2021. This coordinated (COLLUSION) attack by combined MM's and AP's was likely aimed at full capitulation, they FAILED and all they did was use up a lot of their firepower, further increased their short position, and set the floor we are trading now. + +&#x200B; + +Why these dates are important. FTD filings and SEC reports occur on the 14th, and last day of the month, meaning we will only see at most HALF of total shorts reported this Wednesday 6-30-2021. Keep that in mind, because we'll be see increasing GME FTDs through this month's report on last month's FTD activities. + +&#x200B; + +|Short Type|Settlement|GME occurrence|FTD creation|SEC reports|T+35 covering| +|:-|:-|:-|:-|:-|:-| +|Naked ETF shorting|T+6 trading|06/09/21|06/17/21|07/15/21|07/21/21| +|Naked Stock Shorting|T+2 trading|06/10/21|06/14/21|06/30/21|07/18/21| + +&#x200B; + +SEC report dates here: + +[https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +&#x200B; + +This will start the ball rolling as long HFs will be watching the FTDs. A sizable increase in FTDs would green light Long HFs to start adding a ton of buying pressure. Remember T+21 is a FUD narrative (only an approximation on SLR and the real T+35, which is now patched with DTCC-002). This will continue throughout most of July, because of DTCC-002 SLR is everyday. + +I was able to pull the FTD data from today, so if you turn your attention here, you'll can see the FTD uptick. + +https://preview.redd.it/1zg9gg67rh871.png?width=733&format=png&auto=webp&s=5d2597bdf74cb7ed123234572deb8439c656f566 + +Another key is concentrated buying pressure - because of how the US markets are constructed. Long play BS (the way it's portrayed) on r/superstonk is by far some of the worst FUD here, not just because it's bad investment advice, but because it is a pathologically lazy statement for people thinking the price will climb slowly to millions over their lifetime, and they can get in 2 months from now and expect the price to still be at $200. Think of this from the FTD POV, the only way to increase FTDs is concentrated buying pressure. This is a battle against market manipulation, if shorts win the price will fall and will never make it's way back up because they will reinforce a ceiling by buying and controlling the float themselves, but a retail win will cement a higher floor as the FTD bug provides a floor that locks wealth in the market and makes it hard for new shorts to push the price down. Someone do a seperate DD on this! It is in Gamestop's best interest for retail win as it would mean more capital in the long term. HFs manipulate and pull liquidity away during capital raises, making it hard and even costly to raise capital - Retail has no such problem. + +// + +&#x200B; + +**SPECULATIVE SOCIAL REASONING FOR MOASS AND HYPE** + +Interestingly I believe there's a good chance Ryan Cohen is going to trigger the MOASS with the announcement of a Gamecoin (**speculation**, **sidepoint**). As prior posts have pointed out, there's a hidden launch date hardcoded to 7-14-21. There's alot of good DD on this topic, mainly because most of the shills don't actually know enough about the topic (shill lackey). Generally, at the launch of digital coins, either they are bought at open market immediately or they are sold prior to stakers who then sell on the open market. + +Digital currency is unique amongst all securities, in that it's value is driven purely by supply and demand. Given a fair exchange without excess leverage, the price of the currency is dictated by the holder, where it should be. + +This means it pays to be first buyer of any Gamestop coin, especially if it's tied to your GME shares. To be first you need to have funds readily available for trading to purchase the moment any potential Gamecoin hits the market. Unfortunately, anyone that's tried digital currency knows there's typically a waiting period on USD funds. This can be bypassed by having a digital wallet with funds ready to go to quickly send funds to Gamecoin's host exchange. So heads up \^\^ here. + +**Edit, to be clear: GME is the play. Heads up is referring IF you already have a wallet.** + +**If** a Gamecoin is released, you can be dam sure the Gamecoin price will skyrocket (As any holder of shorts will need to pay this coin to shareholders). However, it would make very little sense to allow the coin to be sold first to the open market if it's first being distributed as a dividend. Though ultimately this is a mute point in the case of real short interest being over 100%, as GameStop would simply only release just the right amount of coins to cover the float. Market forces and a proper working exchange will manage the rest. + +&#x200B; + +So if we assume the GameCoin will be used as a dividend, when does GameStop need to make the announcement? + +10 calendar days prior to date of record - July 4th. + +[Solve the Anagrams, Win a prize!](https://preview.redd.it/3g70o8r8rh871.png?width=598&format=png&auto=webp&s=0b91f4f32348122b51e49c64ecf16848e9fa3758) + +// + +Calling everyday Hype is FUD, concentrated hype is how you break sell-walls and force shorts to cover + +**Here's a Hype Calendar Summarizing the above:** + +https://preview.redd.it/4ogw319arh871.png?width=921&format=png&auto=webp&s=83a2876392a795c056651c5af1809e138a0cf6fe + +// + +**TECHNICAL REASONS FOR MOASS** + +I want to give a shout out to Reddit-censored youtuber\*\*. Who's most of the time down to earth. In one of his more recent summaries found [here](https://www.youtube.com/watch?v=WCSb61wD7aM) he made an interesting observation. + +There are bullish technical indicators all around indicating huge suppression and fuckery, as of late. + +\*\*PS. Debugging the reddit filters was a pain - LMFAO, you can't drop his name on reddit. + +&#x200B; + +As a Technical Analysis(TA) guy myself. Here's just ONE example: + +https://preview.redd.it/nu1dkj0grh871.png?width=1305&format=png&auto=webp&s=e76e15f15757ca1710530d5450bac3b2859a31e9 + +But really **confirm it for yourself,** pull up really any reliable TA metric designed to track fuckery, like RSI/MACD divergence, Bollinger Bands, Crayon lines, you name it. We are overdue for a huge correction upward. The Hype is real. + +// + +&#x200B; + +**In short, I am but one Ape trading on my own.** + +**This DD is in my best interest as the more educated we Apes are, the more concentrated firepower we have as a whole. It pays to be on the same page.** + +&#x200B; + +**Edit: I am NOT suggesting you buy digital currency (it's not confirmed and is pure speculation). But heads up if you happen to have a wallet.** + +**Edit2: This is why I love the community, the reviewers.** A commentor below **pointed out Gamestop's Q1 ended May 1st. This puts Gamestop's Q2 end on Aug 1st. I will have to think about this, if dividend is justified.** +Hello all in pf, long time lurker first time poster, ironic it's on this topic + +I've been battling cancer for over a year and due to a few things lining up poorly on the cancer front at the same time I've been given as little as a month to live. I don't have much in the form of belongings or investments though I do have some. My medical insurance has those expenses covered until I come to my end. + +I would appreciate any advice in what I can do with my time left to help cover other expenses when I'm gone or to take care of those I leave behind +I understand that relative value of a currency tends to decrease when during inflation. Another factor in currency devaluation that is mentioned is a decreased interest rate. Does decreasing interest rates have a direct effect on relative value or is it more of a proxy to inflation, i.e. decreasing rates leads to inflation, which leads to devaluation? +Original: +On mobile I will do my best. + +I went from making well below median income for my area, to almost $10K above median. How? I applied for my dream job with a Word doc resume I built using ATS (applicant tracking system software) to make sure my resume got into the hands of a person to get an interview, and didn't die in the hands of a HR robot using ATS. (The site if you don't know about it yet is jobscan.co I used 2 of the 5 free uses and you can get more free scans by referring yourself or friends or their surveys) + +Different perspective: I went from about $25 monthly wiggle room after base expenses, to nearly $3,000 saved in the bank in just 6 months. From paycheck-to-3-days-before-paycheck, to forgetting which day was payday because I had 0 money worries. + +And I hate it here so much I am going to quit. My old job loved me because how hard I worked, so the door is always open. But I am going to try applying other places because I can't go back to constantly worrying if I can get my bills paid and asking for extensions. + +It's crazy to think that if I have been in another department with the company I would have loved it here, but apparently this entire third of the company at this building (3 locations) are very poor morale and hate management because they're pretty terrible. And I'm no exception. My boss talking super loud about me before they even met me saying a lot of bad things about me to their boss,, **even making fun of my name**. Again, how? We'd not met yet. Boss's boss berating me for skipping a meeting they told me not to attend. The list goes on. + +Of the 8 in my training class, 6 completed training. 4 immediately transferred to other locations. The 2 of us are stuck at this site, and apparently my time off work for having COVID means I cannot transfer out because I have "poor attendance issues" and with the stricter, more difficult metrics at this location I now also have "poor performance issues" because I'm still doing the job per regulations which takes longer. The other person stuck here chose to cut corners (only way to meet the metrics at our job site) but their boss is constantly hounding them upwards of 30 times daily over every mistake they make while cutting corners. + +**TL,DR: The grass is definitely greener on the other side, but my better-paying job is a hellscape so I'm using HR's software against them to get out.** + +Edit: +This is a vent post. This has been my dream job for TEN years. Originally it was degree only and now you have to prove you have several years of experience which I have. My parents died in high school so like, wtf was I supposed to do? I eventually went and got my GED and no surprise to me, I was 96th to 99th percentile on all the tests because my problem was my damn home life fell apart when I was a kid. Not that I didn't know anything. There's a couple judgy fucks in the comments like oH wOrK hARdEr or saying yOuR aTtItUde iS wHy U hATe iT. Fuck off. I have friends and a relative of long-time employees that are in the union but they work in the other locations. Out of 7 people that were long term all 7 said this location cannot keep staff for long and when they were briefly assigned here they got out as soon as they could. One of the departments in the main site want me but their area is full and they're not allowed to replace union workers and no budget for more workers even though they're understaffed. + +I knew very intimately the type of work I would be doing years before I ever applied. I have worked very hard for everything I got, I'm usually a mom-type figure at work who performs in top 10%, example last job out of 60 people I did 4% of the work, so instead of 1.7% it was like 1 out of 25 people instead of 60. Job before that top 20%. Job before that top 15%, just before that unknown percentage but only the top employees got 1 free hour every month and I got it almost every time. But guess what THEY ONLY PAY $13 AN HOUR, RENT FOR 1BDR IS $1000 JUST FOR RENT, NO VACATION OR HOLIDAY PAY, DO THE DAMN MATH. I been homeless 5 times because it takes money to make money and when you have nobody and nothing you can't even pay to get a GED to get a job. Anybody who wants to see the title and the post and still try and say the management is my FAULT when it my PROBLEM but not my FAULT all I can say is stay classy. May all your glasses of water be room temperature and I hope your favorite pair of socks starts bunching up at the toes. + +edit2: thanks for the gold stranger +Yeah, it's cool to buy humblebundles with BTC but I want to buy all my steam games with BTC. I would definitely buy more games if they had this. + +Who else is with me? +Interesting read. + + *The video game market is consolidating like never before, and Electronic Arts is scrambling like everyone else. The* [*Battlefield*](https://kotaku.com/battlefield-2042-dice-ea-breakthrough-128-player-remove-1848952986) *and* [*FIFA*](https://kotaku.com/next-gen-sports-games-on-pc-always-suck-this-is-nothin-1847278127) *maker recently pursued a merger with NBCUniversal, and also held potential acquisition talks with Disney, Apple, and other companies, according to* [*a new report by Puck*](https://puck.news/brian-roberts-one-that-got-away/)*. While a deal isn’t currently in the works, it doesn’t sound like EA plans to give up anytime soon.* + +[*https://kotaku.com/ea-acquisition-apex-legends-star-wars-fifa-nbcuniversal-1848957274*](https://kotaku.com/ea-acquisition-apex-legends-star-wars-fifa-nbcuniversal-1848957274) + +&#x200B; + +&#x200B; + +^(F... EA) +Curious to know how the community feels about the language used in the book. Do you find it straight forward? Plain english enough? Overly simplistic? Too rambling? + +I'm guessing that since it's a best seller, it was a good fit for finance newbies and the general population but keen to hear your thoughts +Hello. I am turning 18 tomorrow and I want to start investing as early as I can. I am in this for the long term. I'm not looking for a way to triple my money over night(don't want to take giant risks). I am interested in dividends but I am not sure where to start. I have just over 5300 saved up and am willing to start investing with 1000 dollars. Should I start as soon as possible? Should I wait until I have more money to invest? Any advice is appreciated. Thank you! +Im 27 years old. Ive managed to save roughly $100,000 over the past six years by spending far below my income. Somewhat impressive seeing as I do not have a college degree and have been making between 25-35k per year. I would like to purchase a home at some point but the average cost of a home in my area is 600K and the housing market is a scary place for a single young man that doesnt MAKE much money. This money has been sitting in my bank account growing for years with no return. Any advise is greatly appreciated. +Hello. I am turning 18 tomorrow and I want to start investing as early as I can. I am in this for the long term. I'm not looking for a way to triple my money over night(don't want to take giant risks). I am interested in dividends but I am not sure where to start. I have just over 5300 saved up and am willing to start investing with 1000 dollars. Should I start as soon as possible? Should I wait until I have more money to invest? Any advice is appreciated. Thank you! +I just started a new job and can choose 401k or pension. My employer would contribute 13% to the pension, but I wouldn’t be eligible for their contributions until I’d been working for them 5 years. My employer would contribute 7% to the 401k, and I’d be eligible for their contributions after 1 year. + +Both plans offer equal supplemental retirement options. The pension decision would be permanent, but I’d have the choice to switch the 401k to a pension at 5 years if I wanted. + +I’ve been working for this company for 1 week, and I honestly have no idea if I’ll want to stay for 5 years. However, I don’t have any experience with personal investing. + +Any advice? + +EDIT: Thanks everyone! Definitely leaning toward the 401k - at least to start. +I’m having trouble finding clear answers to this question online. My husband and I make $110,000 before taxes and retirement funds are taken out and are starting to save for a down payment on a house. We want a house around $300,000. What I can’t figure out is what percent down payment should we be aiming to save for? What are the benefits to having a 20% downpayment long term and short term.. do we save a significant amount of money over the years by putting down 20%? I’ve heard we save a ton of money long term (like over 60,000) by saving for 20%, but I’ve also heard that it’s really only a $100 a month that is saved. I’m confused on this and need some dumbed down advice here 😖 + +Edit: +Our credit scores are both above 750 +I was rewarded 400 stock options from my employer. They are vesting over the coming 3 years and I was just wondering what would be the best strategy to monetize this reward without additional investments. I understand just possessing these stock options will not give me any income. The stock is rewarded at €280. +Hey all! When it comes to financial planning, the decisions we make today obvious have a huge impact on us in the future. With that kind of pressure, it makes it extremely important to know what to do and who to trust. I’ve always been financially mindful but maybe not always financially responsible. Im in my 30s and my 20s were basically 10 years of just treading water. But now I know I need to make financial moves, set bigger goals, and plan for the future. I feel like there’s a sea of knowledge out there and everyone seems to have a different opinion, from Dave Ramsey, to every financial blog, to my dad, to the pizza delivery dude, + +My question: How did you figure out who to listen to? What tools did you use to form your own opinions? And is there some resource that you swear by? +Namaste everyone!! I am recent post-grad who secured an offer at a business restructuring firm in London. I have 23K in student debt over my head and approx. 800 gbp/month living expense. + +I received an offer of 28K/year and fall within the 20% tax bracket. On top of it, my company is asking me to invest in a pension scheme. + +I don’t know how should I manage my finances that I can pay off my student loan asap, enjoy a nominal lifestyle and invest some for the future. Any guidance would be appreciated. + +P.s I am 22, single and pretty minimalist guy. How should I plan the next 5 years of my financial journey before I get settled? +Hi all, +I’m an 18 year old female and have a trust fund that I can access at 21 containing 20k. I have goals to invest in investment properties in the future and was wondering if it would a better choice to leave the money in the trust fund to do so or instead invest it in index funds and leave it in there for the foreseeable future. I can put it into index funds right now by my parents as they have control over it. +I just want to know if you were in my position what would you do? +Hi, new account because I don't want this trailing back to me. + +&#x200B; + +I'm 19 years old, a college student, I live with my parents and for the past 5 years all my earned money after taxes has been direct deposited to a saving's account that was co-signed and created with my dad when I was 14 years old. I started working during the summer when I was 14 years old, and since college, I have had an excess amount of financial aid has been direct deposited to my bank account. In total, I have acquired 30,000 dollars. + +I have never touched a penny from that account and I found out that two years ago, when I finally reached the threshold of 10,000 dollars, my dad went behind my back and withdrew 10,000 dollars in two transactions. One week, he withdrew 9,000 dollars and withdrew 1,000 for the next. I did a little research and apparently the bank will file a report if you withdrew 10,000 dollars in one transaction. He didn't consult me and I later found out that the money was used for down payment for an apartment building. It was my money. When I finally found out, I confronted him. He told me that he was borrowing it and that if I needed money I could always ask him for it. But it's MY MONEY, shouldn't I have a say to how it's being spent and why do I have to ask him for me to spend my OWN MONEY? + +What really gets under my skin is how he gaslights me saying that the money was losing value staying in the bank account and it'll be better spent on his apartment building. I was going to start investing in a brokerage account but he and my mom tells me that it's worse than gambling and that I'll lose all my money. In a sense, they're telling me that I should stop my personal finances and let my dad handle my money for the rest of my life. + +He later on tells me that you are LEGALLY not allowed to have more than 10,000 dollars because the bank reports your earnings and since I'm not making as much taxable income, I'm not allowed to hold more than 10,000 dollars. I don't even think that's true. After the initial confrontation, he now tells me when he withdraws money, always going back to the statement that you can't have more than 10,000 dollars in your bank account or you get into some type of financial issue with the government. + +Recently he just withdrew another 5,000 dollars and I was done with letting him manage my money. I headed down to the bank and asked an employee if it was possible to close my co-signed saving's account and open my own checking account. She told me yes but, I would need my dad to sign for closure and transfer of my funds. So I called my dad and had him bring my ID and we were able to get everything sorted. I have my own checking account now but I'm still concerned about the 10,000 dollar limit my dad has been essentially beating into me for the past 2 years. Should I be concerned about having more than 10,000 in my bank account? + +I'm a little lost now, I recently applied for a student credit card with Discover but I also have my dad's authorized user Citi Costco card. I feel guilty that I closed the co-signed saving's account and opened my own checking's. My dad handles the family finances, he recently did my taxes. I don't want this to affect our relationship but for the past five years, he didn't even make an effort to give my access to my own money. + +In total, he's withdrew up to 22,000 dollars from our co-signed account. I have 8,000 dollars left over that is being transferred to my new checking's account. How do I get started with building my financial wealth? I'm looking into investing by opening a brokerage account. I can't get Fidelity to verify my identity when I apply online and I don't know what my other options are. It was a lot easier when I was financially ignorance but now I want to start being financially literate. + +&#x200B; + +Edit: Hi everyone, I just wanted to say that I really appreciate each and every post. The support means a lot to me. I saw some comments asking about my current financial situation and how my dad would still have access to my bank account because I made it at the same institution. Wow! I didn't know that. Maybe I'll switch to a more popular and convenience bank around my area. Anyhow, my financial aid from both the state and federal governments for college allow me to attend completely free, and there's also an abundance of it left over that is direct deposited (now to my new checking account). So I get around 5,000 dollars each school semester.I have my saving account booklet from the finance institution and yesterday just took pictures of transactions from 2017. It has noted all the deposits and withdrawals. I had a conversation with my mom as well. She tells me that my dad has been taking my money out and putting it in a safe deposit box. I don't know if I'll ever see that money back at this point. Both my parents are key that my financial savings should be less than their own taxable income. I have to note that a commenter said welfare fraud, but we don't receive any sort of public assistance. +# 30-day challenges + +We are pleased to announce that we're continuing our 30-day challenge series. The schedule spans the entire year so be sure to keep an eye out each month. + +This month's 30-day challenge is to **get on top of your credit.** Here are some concrete steps you can take: + +# Check your free credit report + +There are three major credit bureaus in the US: Equifax, Experian, and TransUnion. These companies each gather credit histories for individuals and sell that information to credit card companies, lenders, and other financial institutions. + +You can go to https://www.annualcreditreport.com to get a credit report from each credit bureau once per year. It's often recommended to stagger your requests so you can get one every four months so you may only want to request one report at this time. You can use a calendar reminder to stay on top of this. + +Now, your free credit report won't include your score and it also won't include credit monitoring, but you absolutely don't need to buy those from a credit bureau because there are free options. See below. + +Note that the security questions will sometimes ask about intentionally false information (e.g. made-up loans), so "none of the above" may be the right answer. If you can't get past the security questions, you may have to write in to get your report. Also be aware that you don't have to pay for anything on the credit bureau sites. If you find yourself prompted for a credit card number, you might have clicked to sign up for something you might not need or want. + +Also, if you have trouble with the web site, try temporarily disabling browser ad-blockers and privacy extensions. + +See the [Credit Reports Wiki](http://www.reddit.com/r/personalfinance/wiki/credit_reports) for more information! + +# Sign up for free credit monitoring + +You don't need to pay for credit monitoring. Some options: + +* A variety of companies such as [Credit Karma](https://www.creditkarma.com/) and [Mint](https://www.mint.com/) offer free credit monitoring services. [There's a longer list of options in our Wiki.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +* Many employers also offer free credit monitoring for their employees directly with a credit bureau. Check with your benefits department. + +* Finally, if you've been the victim of a data breach like Target or Anthem, those companies are providing free credit monitoring for anyone potentially affected. + +After exploring your options, sign up with at least one of them. More information contained in the [Credit Scoring Wiki](http://www.reddit.com/r/personalfinance/wiki/fico). + +# Find out your credit score + +You can now [get your FICO score for free from Discover](https://www.creditscorecard.com/) without a credit card. + +In addition, a number of credit cards actually give you a free FICO score as a benefit of having their card. Brands providing FICO scores include Discover, Citi (branded cards only), American Express, Bank of America, and Barclaycard. [Here's a full list of options.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +In addition, you can get your VantageScore from [Credit Karma](https://www.creditkarma.com/) or [Mint](https://www.mint.com/). VantageScore is used less often by creditors than FICO, but it's a *usually* a good estimate of your FICO score. Paying for your credit score is silly unless you're considering getting a major loan like a mortgage. + +# Get rid of pre-approved credit card junk mail + +[OptOutPrescreen.Com](https://www.optoutprescreen.com/) is the official consumer credit card reporting website to opt-out of offers of credit or insurance. It's an easy win to reduce junk mail and reduce the risk of identity theft (from someone stealing your mail). I recommend signing up unless you're in the process of building credit and actually want to receive pre-approved offers. + +# Are you looking to improve your credit? + +Once you have a score over 740, most credit files are solid enough to qualify for prime rate lending. This means that any additional increase of your score will likely not get you better credit products. + +If you are in a position where you'd like to improve your credit, here are two situations that often befall people when asking for help here: + +* ["I have no credit, and I am looking to get started."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_no_credit.2C_and_i_am_looking_to_get_started.) +* ["I have bad credit, and I am looking to repair it."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_bad_credit.2C_and_i_am_looking_to_repair_it.) + +# What to do if you find information you don't recognize + +Even though credit reporting is automated, mistakes can still occur. The most common errors can involve names and addresses. If your name is similar to a parent's name, there are also instances where a line of credit is reported on the wrong file. + +The simplest course of action is to dispute the information with the bureaus. Here are direct links to initiate a dispute: + +* [Equifax](https://experian.referral.equifax.com/CreditInvestigation/home.action) +* [Experian](http://www.experian.com/disputes/main.html) +* [TransUnion](https://onlinedispute.transunion.com/disputewizard/) + +Finally, if you believe you've had your identity stolen, read and follow the steps in our **[Identity Theft Wiki](https://www.reddit.com/r/personalfinance/wiki/identity_theft)**. + +# If you're not in the United States + +[The PF wiki has many more countries covered.](https://www.reddit.com/r/personalfinance/wiki/credit_reports#wiki_what_if_i.27m_not_in_the_united_states.3F) If you would like to add information for your country to the wiki, please message the moderation team. + +# Challenge success criteria + +You've successfully completed this challenge once you've done 3 or more of the following things: + +* Requested a free credit report via annualcreditreport.com +* Set a reminder to request a different credit report in 4 months +* Found out your credit score (either FICO or VantageScore) +* Signed up for free credit monitoring +* Opted out of pre-screened offers +* Initiated a credit dispute with one or more credit bureaus + +If you're outside of the US, you've successfully completed this challenge once you've done the following things: + +* Read up on whether there is a credit scoring system in your country and find out how it works (see the previous section and also try searching the internet). +* If it exists, find out how you can get information about your own report or score or whatever it's called, get that information if possible, and check it for accuracy. +* If there are items on there that you can try to fix, start doing so. For example: pay down debts, talk to the credit reporting agency about inaccurate items, etc. +The offer came from a posting on online job board. The job is basically a low-tier chauffeur. They are providing the vehicle. They are booking the client's hotel near my residence vicinity. The client will be around for about half a year, at which, a new client will be assigned to me. As stated above, the salary is $800 weekly. Work schedule would be one day during the week and then the weekend, all during the evening hours. Sounds pretty sweet, right? + +&#x200B; + +Here's where things get suspicious. First, the schedule was negotiable. The e-mail stated they could work out a suitable schedule to match my availability. Second, the pay is way too much for such a simple job (quick maths came to $88.88/hr) . Although, I suppose that's the obvious part. Lastly, and the real kicker, is the upfront pay. They will be mailing me a check, of which, will contain my first week's salary, an extra couple hundred dollars for gas and a car wash, with the remainder to be remitted to the client's moving agent. The remainder being more than what I would keep. More than double. + +&#x200B; + +I'm no fool when it comes to check scams thanks to this subreddit. Thank you. If anybody wants to have a look at the website for themselves, it's [https://www.sourcetransports.com/](https://www.sourcetransports.com/). Looked pretty convincing at first, but after a few reverse image searches, you'll realize it's just one of many carbon copies. The sad part is, I'm kind of struggling to find work at the moment. I can't be the only one. Be wary of scams like this one. They prey on your desperation. In my initial enthusiasm, I may have sent more sensitive information than I needed to. Not sure how it's going to impact me. Gotta be honest, I don't have much to steal and my credit is already bad, but I've had the floor fall out from under me before. We'll see what happens. + +&#x200B; + +Have a good holiday, r/personalfinance. +First open a IBKR account then buy one share and DRS it. + +Now buy the same amount of shares in your IBKR as you have in your Etoro account, borrow from friends family or bank if you don't have the cash, you will only need to borrow the money for 1 week so shouldn't be a problem. (If you only can borrow half the money no worries, you can do this in two turns but you will need to borrow the money for a few extra days.) + +Now what you do is as soon as the money is in your IBKR account you buy your x, xx or xxx shares on there and in the same second sell them on Etoro. (If you do it during a mini run-up you can even make a few extra shares by hover-handing the sell button for 10 secounds.) Now weight 2+ days and take the money out of Etoro and pay back the money you loaned. Now wait for your CS letters and DRS everything from IBKR to CS. + +Even if there is no way for you to do this in any form, in my opinion it is worth just selling it all in Etoro and buy back in IBKR. Even \*\*IF (\*\*and it's not a given) it would mean losing a share or two it is most definitely worth it. **Because fuck em thats why!** + +**Easy peasy hedgy squeasy!!!** + +&#x200B; + +**EDIT:** Just to clarify, selling GME shares in this fashion will NEVER help the HFS, or make GME dip in any way or form. Absolute worst case scenario, it would be a zero sum game where you sell AND buy for example 100 share at the same time. More likely though is that your "shares" in Etoro have never seen a lit market. So by selling them there and getting them to CS will ad 100 to the lit market and never put any sort of down pressure on GME, only UP! +The last post I saw about ALDI was 230~ days ago, and if this breaks any rules I’m sorry. I read the rules and didn’t see anything this will break. + +So last year my family (4) brought in $30,000, we spent nearly $200-300 per grocery trips at places like Kroger, Walmart, Publix. Then we started going to ALDI, which we knew was a grocery store, but we didn’t know how much cheaper it is. + +Like a dozen eggs is 45¢ instead of 98¢, chicken is $1.48 a pound instead of $1.99, a bunch of small differences, but those cents add up to dollars. + +Now at a grocery trip we can feed our family for quite a while on $100 per grocery trip. +Hi all. There was a notorious earnings report yesterday evening that sparked a good amount of discussion on Reddit. It’s frankly mind blowing to see both sides of the discussion and the arguments each makes. So friendly reminder to be careful out there and make sure you properly understand the things you here and reasoning for bull or bear cases. At the end of the day, any business which is publicly traded has a single mission: create profit for shareholders. Consider that when making investment choices, and try not to get sucked in by fancy stories or extremely complex narratives. Keep it simple and stay safe out there, happy Friday all + Hi. Half a year ago I tried to combine my main job as a data scientist and my hobby, trading on the stock exchange. I do it in my free time. + +My idea is to create one single model that can be applied to all stocks on the exchange. After all, if you look at the history of prices, it is difficult to understand what kind of company it is, what its capitalization is. The price repeats itself fractally in different ranges of 1minutes or 1hour. + +How do I do it? I'll try to tell you. Hope you can give me your advice. + +&#x200B; + +[High-level architecture](https://preview.redd.it/xqat87vjzcv71.png?width=1026&format=png&auto=webp&s=8ea66c7d5a4470296ca7ead7559c48b1087daf01) + +My broker has an API to get the price history. I got 5minutes price history for 1700+ stocks from 01.01.2019. + +In order to remove the influence of the price, I calculated the value of the moving averages of various periods and divided the resulting values ​​by the price value in order to normalize the indicator values. In total, more than 50 values ​​were calculated. + +Next, I marked each candle with a potential outcome, as written in Advances in Financial Machine Learning by Marcos López de Prado. I used the triple barrier method. + +&#x200B; + +[Triple barrier method from MARCOS LOPEZ DE PRADO books](https://preview.redd.it/9qjodov92dv71.png?width=563&format=png&auto=webp&s=5ecc3e2d33b863658a14bc8b9fe4dceb872db69f) + +The values ​​from price to stop loss and take profit are the same and equal to 150% of the average movement of the stock from the opening price to the closing price. That is, the expected profit depends on the price of the instrument. My broker's commission is 0.05% and I need to have a win rate above 52% to make a profit. + +But my attempts to train a single model have not been successful. + +How do I understand this? On the deferred sample, which is 1.5 trading months of the last history, I select the threshold. I gradually decrease the thresholds and look at the ratio of True Positive to False Positive. If this ratio is greater than 1, then the model should potentially outperform the market. + +But the result is not comforting. In general, the TP / FP ratio is less than 1. To create models, I use Lightgbm with a sequential division of 11 folds, taking into account the time, in order to avoid leaks when mixing. + +&#x200B; + +[Multimodel confusion matrix](https://preview.redd.it/fpsb1jxo2dv71.png?width=268&format=png&auto=webp&s=af45075a9d19ec6ee863b93dcb16eaf53d43b086) + +In general, the experiment failed, like many other experiments. + +But for the sake of interest, I tried to train not 1 model, but a model for each stock - 1700+ pieces. And it is surprising that there are \~ 100 shares here, for which the TP / FP ratio is> 5. + +&#x200B; + +[IBN share confusion matrix](https://preview.redd.it/k3irbpct2dv71.png?width=271&format=png&auto=webp&s=f21a68b7254f1d4c44e3516d33831422dc96763f) + +Now I have launched these models on the stream of quotes from the broker to see the trading result live. In just 2 weeks, I received 146 trades, of which 86 were successful, that is, win rate is 58.9%. Now I continue to collect statistics. Such statistics show that the problem of forecasting the market as a whole is being solved. The market is ineffective and you can make money on it using technical analysis and machine learning. + +&#x200B; + +[Two weeks result](https://preview.redd.it/e51sn36w2dv71.png?width=1920&format=png&auto=webp&s=b06afca013a7d29464337ed4de326d6948c4047c) + +&#x200B; + +This is a partial success. It seems to me that training 1,700+ models every week is a bit overkill. + +But why does a single model perform worse? In theory, more data in the training set allows you to find more complex patterns. I tried to tune the models, change the set of technical indicators - to no avail. + +Please advise which direction to move on or some advice. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>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! + +# 🙋 ​[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 your 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>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! + +# 🙋 ​[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 your 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +This is just a quick DD update & why I think we are close to a run back to 52wk highs of $9.49. (Current SP at the time of writing this $3.86) I will try and keep this simple but in depth for any newbies as there are now over 1.6 million people on this sub & I know that most of you already have super long positions in this. + +&#x200B; + +https://preview.redd.it/otjhnop6xq471.jpg?width=200&format=pjpg&auto=webp&s=3b8be8e37cbfaabf2f353ac8827d3e47d0cbcffb + +A bit of copypasta for any new eyes, + +# What is Alpine 4 Holdings? [Alpine4 – Synergy Innovation Excellence](https://www.alpine4.com/) + +"Alpine 4 Holdings, (ALPP) is a publicly traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers and Facilitators + +It is our mandate to grow Alpine 4 into a leading, multi-faceted holding company with diverse subsidiary holdings with products and services that not only benefit from one another as a whole, but also have the benefit of independence.  This type of corporate structure is about having our subsidiaries prosper through strong onsite leadership while working synergistically with other Alpine 4 holdings.  The essence of our business model is based around acquiring B2B companies in a broad spectrum of industries via our acquisition strategy of DSF (Drivers, Stabilizer, Facilitator).  Our DSF business model (which is discussed more below) offers our shareholders an opportunity to own small-cap businesses that hold defensible positions in their individual market space.  Further, Alpine 4’s greatest opportunity for growth exists in the smaller to middle-market operating companies with revenues between $5 to $150 million annually.  In this target-rich environment, businesses generally sell at more reasonable multiples, presenting greater opportunities for operational and strategic improvements that have greater potential to enhance profit. + +# Driver, Stabilizer, Facilitator (DSF) + +**Driver:**  A Driver is a company that is in an emerging market or technology, that has enormous upside potential for revenue and profits, with a significant market opportunity to access.  These types of acquisitions are typically small, brand new companies that need a structure to support their growth. + +**Stabilizer:**  Stabilizers are companies that have sticky customers, consistent revenue and provide solid net profit returns to Alpine 4. + +**Facilitators:**  Facilitators are our “secret sauce”.  Facilitators are companies that provide a product or service that an Alpine 4 sister company can use as leverage to create a competitive advantage." + +&#x200B; + +# Subsidiaries & revenue + +**Alpine currently has 11 subsidiaries (with 2-3 more expected this year)** + +* A4 Corporate Services, LLC   +* ALTIA, LLC   +* Quality Circuit Assembly, Inc  +* Morris Sheet Metal, Corp  +* JTD Spiral, Inc  +* Excel Construction Services, LLC +* SPECTRUMebos, Inc  +* Impossible Aerospace, Inc +* Vayu (US) + +**Total revenue last year $33,454,349** *(without drone sales which are expected to begin Q3 onwards)* + +And the most recent two, + +* Thermal Dynamics, Inc (acquired in April) +* Alternative Laboratories, LLC (acquired in May) + +Estimated revenue of these two alone is between **$30,000,000 - $35,000,000** essentially **doubling** the value of Alpine 4 to a yearly revenue of **$60,000,000 - $70,000,000** + +$30,200,000 in revenue has been secured in backlogged work + +**Thermal Dynamics $14,600,000** [Alpine 4's Subsidiary, Thermal Dynamics International, Inc. Secures $14.6 million in Backlog (prnewswire.com)](https://www.prnewswire.com/news-releases/alpine-4s-subsidiary-thermal-dynamics-international-inc-secures-14-6-million-in-backlog-301309064.html) + +**Morris Sheet Metal $9,800,000** [Alpine 4 Holdings' (ALPP) Subsidiary, Morris Sheet Metal, Awarded $2.3M in New Projects Bringing Backlog Production Work to $9.8M (prnewswire.com)](https://www.prnewswire.com/news-releases/alpine-4-holdings-alpp-subsidiary-morris-sheet-metal-awarded-2-3m-in-new-projects-bringing-backlog-production-work-to-9-8m-301306793.html) + +**Alt Labs $5,800,000** [Alpine 4's (ALPP) Subsidiary, Alternative Labs, Adds $2M in New Production Work for June and July Totaling $5.8M in Backlog (accesswire.com)](https://www.accesswire.com/650398/Alpine-4s-ALPP-Subsidiary-Alternative-Labs-Adds-2M-in-New-Production-Work-for-June-and-July-Totaling-58M-in-Backlog) + +# + +# Recent shareholder letter + +Here is the most recent shareholder letter from the CEO which explains where the company is at and it's plans going forward [Alpine 4 Holdings (ALPP) Issues CEO Q1 Letter to Shareholders (accesswire.com)](https://www.accesswire.com/647836/Alpine-4-Holdings-ALPP-Issues-CEO-Q1-Letter-to-Shareholders) Incase you can't be bothered to read it all, here are some of the highlights + +* *In Q1, Alpine 4 became a much stronger and more focused Company. The Company raised $54 million in cash with five institutional investment groups, paid down over $14 million in debt* +* *Our total assets for Q1 2021 grew at 107.8% over Q1 2020. This was primarily driven by our capital raise, which allowed our Cash position to grow from 277k in Q1 of 2020 to $35.7 million in Q1 of 2021.* +* *Our Accounts Receivables asset also grew by roughly 9.4% over 2020. Inventory levels also grew by 27.3% to match our high-tech customers' growing supply chain demand in Silicon Valley. Additionally, our total liabilities shrunk by 22.1%, from $49.5 million in Q1 2020 to $38.6 million in Q1 2021.* +* *The Company expects Vayu to begin sales of the G1 platform in Q3 2021 to several international customers* +* *Impossible Aerospace is currently developing its next-generation drone called US-2 and is currently developing many of its new features for anticipated use by the US military.* +* ***DSF 2021 - 2022:*** *I am pleased to say that we completed two acquisitions in Q2 already and anticipate our acquisition strategy to add at least 2-3 more acquisitions in 2021.* + +# + +# Daily chart as of close today (06/12/21) + +&#x200B; + +https://preview.redd.it/bp5mh7a5mq471.png?width=1289&format=png&auto=webp&s=22bc1a62557f5042621d4d164146879270561404 + +You can see the initial spike in December when the 2 drone companies were acquired + +Another spike to ATH of $9.49 in late Jan - Feb due to the upcoming shareholder meeting & news of uplisting to the Nasdaq + +Then followed a slight dip due to the offering which 5 institutional investors bought $50,000,000 worth of stock at a price of $6 + +Another quite large dip followed taking us way down into the $3 range, this was a combination of impatient sellers & shorters, everyone was under the impression that the Nasdaq uplisting would take 4-6 weeks but nobody was aware of the record number of IPOs & uplist applications received by Nasdaq in Q1, plus the strain of Covid which has put them on a huge backlog and now we are on week 21 + +Consolidation & sideways movements came for weeks until the whole market took a dump which sent us to a low of $2.41 then late April into May it popped back up to $5.50 due to the acquisitions of Thermal Dynamics & Alt Labs. Even though these two acquisitions literally doubled the revenue of the company shorts doubled down and push us back into the $3 range + +Note the Acc/Dist, you can see how many shares have been accumulated and held with a death grip throughout. This is a very bullish sign & shows great shareholder sentiment and their belief in this company, longs do not want to sell their shares at these prices they know what they will be worth later down the line +Also it should be noted that insiders have not sold a single share to profit on even at the peak of $9.49 + +&#x200B; + +# Why I think we are close + +**Shorts are finally covering** + +As of 05/28/21 the latest short data shows 4,791,849 shares have been shorted +The shortable shares remaining on Monday was just 1000. Now on Friday there are 450,000 shares available to short, thats 449,000 shares that have been covered over the course of the week + +Hedge funds that short companies will have contacts inside of Nasdaq & PR companies that will give them a heads up before we know anything at all, so I will be looking for this number to keep increasing next week + +Also Mid May into June has been a super low volume few weeks until this week + +Monday 06/07/21 2 huge blocks came in 100,100 & 100,100 totaling $696,696 + +&#x200B; + +https://preview.redd.it/88g3x5capq471.png?width=445&format=png&auto=webp&s=c84a786359ccf0e14e815efc117b1dd10257a66b + +This sent the SP running slightly and consolidation followed until today Friday 06/11/21 when another huge buy came in 129,400 shares totaling $472,310 + +&#x200B; + +https://preview.redd.it/w05m2oyzpq471.png?width=596&format=png&auto=webp&s=26b52156df58ca8438823d4c590efd672bdc8a0b + +&#x200B; + +That's $1,169,006 in 3 blocks this week + + +To keep adding to the evidence, somebody posted an email they received regarding the world record drone flight that is due to take place. They initially informed us about it in Feb but it seemed they struggled to fly over there during Covid times and were still planning the logistics of it. [Alpine 4 (ALPP) Drone Subsidiary, Vayu, Looks to Set a World Record With Their Autonomous Delivery G1 Aircraft (accesswire.com)](https://www.accesswire.com/628045/Alpine-4-ALPP-Drone-Subsidiary-Vayu-Looks-to-Set-a-World-Record-With-Their-Autonomous-Delivery-G1-Aircraft) + +&#x200B; + +Take this screenshot as is, as I have not verified it but it looks like we can expect news of the attempt next week + + +&#x200B; + +https://preview.redd.it/5rvueb5vtq471.png?width=386&format=png&auto=webp&s=92ccf053c10df0b979ec182ecbfd2919faf9d6a8 + +&#x200B; + +# Upcoming catalysts + +&#x200B; + +* Nasdaq uplisting (currently on week 21, it will happen any day now) this will bring many new investors, many who can't even buy this stock yet as it's on OTC +* World record drone flight attempt, if their drones hold the world record you can expect huge names to want them +* 2-3 more acquisitions this year +* Net profitable is coming +* Drone sales to international customers to begin Q3 (Q3 begins July) + +&#x200B; + +As I said at the start of this there are many of you with positions in Alpine already but for any new guys looking to buy, these are the prices you want to be entering as the company will only keep growing in a snowball effect from here. + +Institutional investors spent $50m at $6 that alone should fill you with confidence + +I did want to do a little more to this but my PC blue screened half way through and I had to start the whole thing over, plus it's now 3:30am + +Anyway if there is anything to add let me know. As always do your own DD but if you have any questions my messages are always open + + +My position is 6800 shares at $3.62 which I managed to average down from my initial buy at $6.15 + +&#x200B; + +&#x200B; + +https://preview.redd.it/7dvthy5x1r471.jpg?width=1024&format=pjpg&auto=webp&s=28293cc70364e0a0821f4028347938c729d3c8c6 +http://www.dnaindia.com/business/report-online-broking-firm-sharekhan-faces-hacking-attempt-at-its-it-systems-2601110 + +>Hackers are now targetting online stock trading platforms. BNP Paribas Group controlled Sharekhan, one of the first brokers to offer online trading in India, has informed financial regulators that it recently became aware of an unauthorised access to its IT systems. It is the backbone that allows execution of more than 400,000 trades daily at the broking firm. + +>"We recently became aware of an unauthorised access to our IT systems and take any such information very seriously. Our team of in-house technology experts and external specialists quickly took steps to determine the nature and scope of the unauthorised access. We have also informed regulators" Sharekhan CEO Jaideep Arora wrote to customers. + +>Arora said to the best of the company's knowledge, the unauthorised access to IT systems event is limited to some unauthorised access to profile information. "We can tell you now that there have not been any unauthorised transactions, or access to your accounts, your transactional data or your personal secured access to Trade Tiger, mobile application or website and as such there is no financial impact for you," Arora claimed. + +>However, Sharekhan said it has automatically reset the passwords of investor accounts as a precautionary measure. + +* What fund houses are you currently invested in? Why did you invest in the funds? +* What are your reviews on the funds offered by the fund house? +* Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? Discuss. +* Does the fund house provide the necessary financial statements for addressing income tax liabilities? Does it provide a capital gains statement? +* Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +* What PMS scheme are you currently invested in? Why did you choose it? +* What does the PMS fee structure look like? +* Does the PMS manager provide periodic communications regarding portfolio selection and performance? + + +You can ask for a general review of a particular product or service that you are researching - "What is the investing style of fund X? Is it recommended for long-term retirement needs?", but avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ke padosi ka beta, and I have 25 lakhs saved up currently for retirement purposes in 30 years. What fund or PMS should I choose?"), 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%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +It appears ITR software is not updated to consider 31st Dec as the final day for submission. I am getting 5K as late penalty. Downloaded the latest version but still the same issue ! Anyone faced the same ? + +UPDATE : The software is updated now. No 5K penalty anymore. Download the latest from https://www.incometaxindiaefiling.gov.in/downloads/incomeTaxReturnUtilities?lang=eng +What market research website do folks use here to select index funds, ETFs? + + +Criteria for selecting Index funds is: +\- low tracking error (consistently accurate tracking) +\- low expense ratio +\- high AUM +\- time in the market (otherwise data on tracking error and faith in the expense ratio would not be available) + + +Different funds use different methodology for the calculation of tracking difference and error, need to compare Index funds using the same methodology for calculation. Where can I analyse this data? +Hi, + +Apologies if this is the wrong sub. Please re-direct me if it I'm posting in the wrong place. + +Anyway, I saw [this post](https://www.reddit.com/r/LifeProTips/comments/6ihcog/lpt_dont_buy_a_new_car_ever_as_a_former_cpf_the/) on r/LifeProTips about how it is a better financial decision to buy a used car rather than a new one. And that got me wondering if it is applicable in India as well. + +I am especially curious about the part where OP says that a used car has reached terminal depreciation and will only take a 5-10% hit on resale, whereas a new car will take 20-30%. Is that true in the Indian scenario as well? + +Thanks for your responses. +Can the upcoming budget be that trigger which may trigger a panic sell-off ? Since the gov may be planning for a budget that will help the ruling party win the 2019 elections, the chances of economic reforms is low and also since the gov would need capital for implementing various kind of sops for various vote banks, there is a chance of the budget being market unfriendly with new taxes. + +In such a scenario will it be smart move to exit the market before the budget and enter at lower levels ? Or is the budget expected to be market friendly and may swell the indices to an even further inflated levels ? +Hi, I am looking to invest for my company into some mutual funds + +Ive tried with some of the big fund houses portal - HDFC, FT, ICICI all of them say I have to visit the offline office, as corporate online investment is not allowed etc. + +Is there any way to invest for a company online? Any portals you know that allow corporates to invest? (I use kuvera for my regular investments and it doesnt allow corporate, even paytm money doesnt I guess) +I recently came across a firm [even.in](https://even.in/). They have a different kind of model than insurance firms, which I did not fully grasp, but claim to provide better services. As per their website: + +>Even is not an insurance company. We are a healthcare provider and we partner directly with hospitals that guarantee care to our members in exchange for a recurring monthly payment. +> +>Insurers take profits out of your premium. The more claims they deny, the more money they get to keep. Even takes a flat fee. We have no incentive to deny claims. +> +>Insurers keep your premium and drive a hard bargain with hospitals in paying your bills. Even sends your money directly to hospitals so they can comfortably cover your medical costs. +> +>Insurers punish hospitals for treatments that exceed their estimation, so hospitals pass on the extra cost to you. Even rewards hospitals that are active in giving you the best service and treatment. +> +>Insurers only pay hospitals when you are sick and make a claim. Even pays hospitals more if you are healthy, encouraging them to invest in your long-term health. + +You can read more about them on their website. What do you think about this firm and its offering? +[October Performance](https://imgur.com/a/rqKPVqo) looked better when using the Nifty 50 index as a benchmark but zooming out doesn't paint a pretty picture for 2018 + + +Also credit to @PeekGem on twitter for the info +Saurabh Mukherjea's wrote in his latest blog that Nifty Index is not covering the Indian economy effectively. + +Can somebody please EL5 on what does it mean in general? Does it impact the index investors? + +http://marcellus.in/blogs/marcellus-the-nifty-is-no-longer-a-play-on-the-indian-economy/ +I read [this](https://www.reddit.com/r/fatFIRE/comments/lfn78g/came_into_windfall_largely_by_luck_many) thread earlier and related to parts of it, and some of the answers. + +Whilst this could arguably go in /r/relationship_advice I've chosen to post it here as I think the financial component is extremely significant. Perhaps someone here has lived the same experience? + +I (30M) have just ended a 16 month relationship with a great girl. I couldn't put a finger on exactly why. I just didn't feel as though I wanted to see her a lot of the time, and small insignificant things annoyed me an unreasonable amount. I felt it was cruel and unfair to continue the relationship. + +With the pandemic, this has left me single and alone in my house. + +I previously (3/4 years ago) made a FatFire amount of money (windfall event). I do not need to work (she knew I didn't need to work but I don't think she had any real idea of the extent of my wealth). As such I work for myself building passion projects (web/app dev) in the hope that I can build something that is used/loved by others. In practice, this has not happened. I try and live a normal life working 'normal' hours to maintain a sense of normality but working on my own has meant that I don't have those typical work connections, and the social benefits that come with it. I feel like I've closed up a lot and become a generally rude, resentful, and dismissive person. + +I think this attitude affected the relationship with my ex (who was extremely friendly/social/positive) and presented almost as jealousy. The end of the relationship has left me at rock bottom as I don't have a social circle to help build me back up, and I feel as though I was possibly just pushing back against affection. + +During the relationship (\~6 months ago) I had some doubts. We had a short break, decided to reconnect (after a few days) and I started going to therapy. In hindsight I think it was the wrong therapist. I gave up after 10 weeks feeling as though I wasn't making any progress. Now I am looking for a new therapist. The pandemic means that I can only access therapy via Zoom at the moment which is sub optimal, but better than nothing. + +My family have stated that I basically just need to get a job. Any job. Whilst I don't need the money, working with people will resolve my loneliness, and help me develop those social bonds/connections that others have. Again, the pandemic prevents this right now as everyone is working from home anyway. + +I have looked into volunteering but that is similarly tough to get into during a pandemic and the one opportunity that I have found involves walking around the local area with a few other individuals looking for homeless people to try and support. Whilst an admirable cause, there are not actually that many homeless people around the area and it seems to amount to just a walk (not that walks are bad). + +&#x200B; + +The long and the short of it is that I'm wealthy but lonely with no clear direction. Money truly doesn't buy happiness. There are a lot of posts here about 'purpose'. I don't seem to have one and don't know how to actually find one. I find myself negative and unmotivated with the additional concern that I'm going to be 'forever alone' as I pushed the great person that did support me away (I've started creating narratives in my head that the relationship was in fact great and it was all just 'me'. The pragmatic side of me realised that this might not really have been the case). + +I wondered if anyone else had experienced similar, and how you worked your way back up? +For people who FatFIREd already, what percentage of your networth was your salary in the year before retiring? + +&#x200B; + +Edit: And what was your withdrawal strategy? +I am not quite an accredited investor, but I have some mentors who are. They have shown me some insights into their investment opportunities. A lot of these opportunities out perform my current investments in index funds. + +Is this the norm? One of my mentors said, "This is why the rich get richer. They have better opportunities available just due to the fact that they have more capital." + +What experience do you have investing in opportunities that are only available to accredited investors? What was the first opportunity you took once you became qualified as an accredited investor? How did you find out about that opportunity? +It seems like a lot of people on this forum (myself included) hold very high standards when it comes to work and how it fits into our life's purpose. A while back I listened to a great interview with Yul Kwon from Survivor on [Freakonomics](https://freakonomics.com/podcast/yul-kwon-dont-try-to-change-yourself-all-at-once/). + +I have read a lot of threads here where people aspire for what Kwon calls the "Holy Grail" of jobs: financial security, purpose, challenges, community, etc. Again something I have fallen prey to many times. + +I like his perspective on finding these things over the course of their life/career rather than in one career. I know it's helped me frame my perspective with my situation where I feel I'm on the financial security treadmill to get to FF. Here is what Kwon had to say: + +&#x200B; + +>*I guess the fact that I’ve had so many different jobs is partly intentional and partly coincidence. I’ve always felt the need to challenge myself and push myself, because I’m naturally a very timid and anxious person. And left to my own devices, I have a tendency to collapse into myself. So I think whenever I feel a little bit too comfortable, I know it’s time for me to start pushing myself again.* +> +>*The other thing, in terms of my career — I’ve always tried to find the holy grail, the one job that gave me everything I was looking for: job satisfaction, challenge me, working with great people, financial security, working at a place where I believe in the mission. And I’ve generally been pretty disappointed.* +> +>*And so what I concluded at some point in my career was: what if I took a longer term view, a portfolio theory of my career, so that over time and over the cumulative experiences I will have gotten all the things that I’m looking for? So at different points in my career, I’ve optimized for different things. I think taking that view has been really helpful for me. And taking that approach for the most part has given me a pretty high level of career satisfaction that I think I otherwise wouldn’t have had.* + +Anyone have any other perspectives on how they look at jobs/careers and how it fits into their overall life goals? +I am not quite an accredited investor, but I have some mentors who are. They have shown me some insights into their investment opportunities. A lot of these opportunities out perform my current investments in index funds. + +Is this the norm? One of my mentors said, "This is why the rich get richer. They have better opportunities available just due to the fact that they have more capital." + +What experience do you have investing in opportunities that are only available to accredited investors? What was the first opportunity you took once you became qualified as an accredited investor? How did you find out about that opportunity? +So, i bought a house with my partner in 2017 with a 5 year fixed rate mortgage with the Help To Buy loan which will be up in November this year. +We’ve had letters arrive asking to set up a direct debit to pay the Help To Buy loan, but i know you can just add the sum to your mortgage when you re-mortgage. +However, the problem is myself and my partner have split up about 6 months ago and are currently co-habiting for the sake of the house, not the relationship. I think we have three/four options. She buy me out, i buy her out, we sell the house or we re-mortgage and put up with each other (if there are any more then please let me know.) +We predict the house to now be valued around £265k, which would be a great profit. Ideally, i don’t want to say bye to the house, but thats just sentimental value and meaning. In the current climate I wouldn’t be able to afford the house by myself, especially after our new fixed rate mortgage will be much higher in November. +The breakdown of the relationship and financial pressure of the house is getting to me. Reddit, help me out. +http://www.zonebourse.com/zbcache/charts/ObjectChart.aspx?Name=9664624&Type=Custom&Intraday=1&Width=360&Height=360&Cycle=DAY1&Duration=4&Render=Candle&ShowCopyright=2&ShowName=0&Company=4Traders_us +I know, we see all those weird memecoins surging and you feel like you are missing every pump going on and always choose the wrong coin. + +You invested in ADA, ALGO and MATIC. All solid coins, but basically stablecoins right now. + +BTC & ETH? Sitting idly by sucking their thumbs and eating glue. + +Your coin has not mooned yet, and that is fine. It will. + +You will need the most important thing in the crypto space there is: Patience. Good things come to those who wait. It is tempting to sell your position and go for Elon's Cum or whatever coin is en vogue right now, but as soon as you sell, your old coin will pump. Just wait your turn and reap the rewards. +It was recently made known that the Raiden Network developers have decided to create a special token (RDN) that is to be used for fees payed on the Raiden Network. The Raiden Network is an essential part of the Ethereum ecosystem and one of the most important scaling solutions. The existence of this Raiden Network Token means that for most users, every transaction on the Raiden network will require the users to pay a fee that that can only be payed using these special tokens. This is BAD. + +With success of the Raiden Network, most users of the Ethereum Network will be required to hold both ETH and RDN in the future. This is unnecessary complication and thus harmful to the Ethereum ecosystem that is easily avoided by using just ETH to pay Raiden Network fees rather than this unnecessary token. + + + + +Raiden Network is important, and the developers deserve to get paid for their efforts. However, I believe they can achieve this funding another way. + + + + +1. Vitalik recently announce that he would be [donating his OmiseGo and Kyber Network tokens](https://twitter.com/vitalikbuterin/status/911217245094686720) to fund second layer technologies. Perhaps this funding can be donated to the Raiden Network team to prevent this unnecessary ICO? I'm will be more than OK with that. + +2. They could seek donations the old fashion way. Even as a college student with debt, I would be willing to donate to prevent this ICO and I've seen a lot people say that they would be willing to donate as well. + + +3. Perhaps they could still hold an ICO, but find a different use for the token that is not as detrimental to the ecosystem but still benefits the holders. What if RDN holders received a percentage of the fees payed on the Raiden Network while still allowing those fees to be payed in ETH? I'd be okay with slightly higher Raiden Network fees if it meant ETH can be used to pay those fees. (Not sure if this is a technically viable solution) + +4. The Ethereum Foundation has more than enough funding for the development of Ethereum. Maybe we can urge the Ethereum Foundation to grant funding to the Raiden Network team? + +--- + +**[Ask the Ethereum Foundation](https://ctt.ec/9D2BS) to Grant Funding to prevent the Raiden Network ICO** + +---- + +**Ask the Raiden Network team to seek funding another way:** + +Tweet at them: https://twitter.com/raiden_network + +Join their chatroom: https://riot.im/app/#/room/#raiden-network:matrix.org + + +--- + +&nbsp; + + + +Sources: http://8btc.com/thread-31972-1-2.html (use google translate) + +There might be a possible leak about internal ETH trading tests being conducted at OKCoin. On the OKCoin.cn website, there are currently two active valid pages(www.okcoin.cn/trade/btc.do and www.okcoin.cn/trade/ltc.do). If someone attempts to go to https://www.okcoin.cn/trade/anything.do (replace "anything" with literally ANYTHING), the URL would return a 404 not found error as expected. However when eth.do is entered (as in https://www.okcoin.cn/trade/eth.do) the page immediately redirects to the btc.do page. + +This could be early signs that OKCoin is testing out an internal ETH trading engine prior to adding ETH. The 8BTC thread listed above does show a screencap possibly from before when the eth.do page is set to redirecting, but there is no way to verify the legitimacy of the screenshot. +I don't know if this is where it goes but for the next 2 years diapers and feminine hygiene products are not subject to sales tax on California. If you do get taxed go ask for a refund. + +Under the new law, also known as Senate Bill 92, the sale and use of "diapers for infants, toddlers, and children, and menstrual hygiene products, defined as tampons, specified sanitary napkins, menstrual sponges, and menstrual cups" are now exempt from sales taxes as well as use taxes +Shared ownership - in which you 'buy' some percentage of a house the traditional way, but pay rent on the rest - and 'staircase' to buy more over time. + +Would you consider doing it if you didn't have to? + +Lets say for the sake of argument - 2 homes that are affordable for you, at 90% LTV. One is 'own outright' and the other is 50% shared ownership. + +Would you consider the latter at all? I mean, for all you'd be paying rent on the other 'share' you wouldn't be servicing additional debt, you wouldn't be hurting quite as much for liquidity, and you wouldn't be as exposed to a house price crash. + +But are such schemes generally geared to exploit those who don't have a choice, or are they often objectively a 'good deal' for buying a house in installments? +so in my contract for my apartment my Land Lord stated he will deal with all the council tax. a year later i get a court summons for unpaid council tax for over £1000. i also find out that the 2 apartments are still registered as 1 house according to the council/government, so the landlord never registered the house as 2 apartments . the account has my name on as i moved into 1 of the apartments first. i have managed to get my court case pending while an investigation goes on for my case. I told the council my landlord needs to pay. All this started about 3 weeks ago and progress has been slow. i was thinking about not paying rent until he has sorted the bill out. + +i moved into my apartment 1 year ago and it was advertised as an apartment on the letting agents website. + +Any advice would be greatly appreciated +Can't find this info online - can anyone help re: retiring with no savings or private pension: + +**Scenario 1:** Single man, reaches retirement age of 66 this year. He has no savings, property, private pension or car. No assets, zero bank balance. No insurance. Nothing. He's just paid his final month's rent and ran out of cash. Has no dependents or partner. Has paid national insurance contributions all his life - How much would this person be able to claim on benefits, state pension, various housing allowances etc ? + +Basically, how much support would someone with nothing get if they reached retirement age this year and just asked the council/state for help as a homeless person with nothing? Would they receive a pension and be given somewhere to live? Would they be given money other than a state pension? Would they be able to choose any area? + +**Scenario 2:** Same as 1, except someone left the UK at 18, remains a citizen, has paid no NI contributions, returns to the UK at 65 and will reach 66 this year and wants to retire. Could they just arrive in a nice part of the UK e.g. Cornwall and inform the council they're homeless and at retirement age and begin claiming benefits? +Hi, + +My partner started a job last Monday as a care worker but has already come home today in tears after walking out due to bullying. + +What's our best course of action if she doesn't want to go back? Is she still entitled to the 6 full days she worker even though she has walked out? Not sure how tax and p45 etc work when someone leaves so shortly after joining + +Thanks + +I keep seeing this term and google search produced this but it doesn’t explain in lament terms :” In political economy, a zombie company is a company that needs bailouts in order to operate, or an indebted company that is able to repay the interest on its debts but not repay the principal.” + +Thanks +I've just been offered a job but it's not paying any more than my current job, even after trying to negotiate... So I'm thinking about turning it down. (But as always, not sure if it's the right choice) + +Have you ever walked away from a job offer before? Why? +Okay so I know things like this get posted often but I’m having my own internal crisis so please just offer me some of your wisdom. + +Here’s my situation: + +I am 25 living at home with my parents for free. They have been very financially generous over the years to the point where I feel spoilt (eg, No hecs debt or bills etc.) My mum is also a bit of a neat freak and insists on doing my washing and cleaning my room because even if I do it it’s not to her standards (eg if I vacuum my room/wipe the bench down etc. she’ll do it again because she’ll think that I didn’t do a good enough job. She doesn’t work so has had the homemaker role for the last 25 years and can’t seem to let it go). Other than that I get along with my parents reasonably well, though I feel I avoid them a bit because they get on my nerves. + +I have saved 115k, currently sitting in a HISA. + +I work as a teacher full time on $1350 per week after tax (no pay during the school holidays though) - my contract ends at the end of this year and it’s renewal is likely but not guaranteed however I’m sure I can find another contract or do relief teaching next year if necessary. + +My parents are conservative and think renting is a waste of money and the only acceptable way to leave home is if you buy a house. I brought up renting with them once and they shut me down saying they would be disappointed if I rented and said that they let me live at home for free so that I could “get ahead in life” and save to buy a house, and that to waste my money on rent would be disrespectful of that. + +Because of all this I’ve had it in my head that I must to buy a house soon, but an opportunity has come up to rent ($140pw) in a share house with two friends. I feel like renting for 12 months would be a good idea so that I can learn financial independence and how to manage money before I go full adult mode with a significantly more expensive mortgage. + +I know I can afford to rent but the things holding me back are: + +- the guilt that I’m not buying a house +- Not wanting to confront my parents about leaving because I know it will cause an argument +- The fear that I will miss home/fail as an adult + +But then again I want to leave because + +- I crave the sort of independence that living at home doesn’t offer +- Can’t handle my single bed anymore +- Will give me a chance to manage finances before buying a house +- My potential housemates are cool people and will be fun to live with +- It will improve my relationship with my parents because I think we will have more to talk about when we aren’t so physically present all the time +- I’m young and single and now is the time if I’m going to do this + +Tl;dr Should I stay at home and save to buy a house like my parents have guilted me into, or flee the nest? + + +Edit: thanks everyone for your helpful advice! I think I’m going to do it and leave, it’s time to get some independence! Going to look at a few places this weekend and will break the news to my parents when I build up the courage. +Basically the title. I know lots of us are reaching out about limit sell orders and finding that we’re kind of getting backhanded by shitadel getting to set rules on both ends. Jokes on them I don’t even know how to sell a stock, and I’ve disabled my sell button on the off chance I figure it out. When you talk with people from fidelity, TD, schwab, etc. be kind and polite. When they put you on hold do a little happy dance because you’re good at that holding shit. Show them that we are the good. We want the best for people. We care. And we will be loyal to them if they take care of us. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 1: not fking Robinhood. Get out of there stat. + +Edit 2: whoever gave my first fking award I love you but save that sauce for tendies. ❤️ +Credit to u/Busy_Dot for bringing the following to my attention. + +TL;DR at the top again: BCG had a 5,000 word analysis of the global gaming market on their website as recently as March 25. Once again, it has mysteriously disappeared, but the Wayback Machine still exists [so here it is.](https://web.archive.org/web/20220325142728/https://www.bcg.com/en-mideast/2021/gaming-and-esports-sector-are-the-next-shift-in-media) + +I was very surprised that my last post got as much attention as it did. For anyone that doesn't know what I'm talking about, I made a post a couple of days ago where I showed that BCG had scrubbed a PulteGroup related article from their website within 24 hours of u/RealPulte and the apes that inhabit this zoo becoming aware of each other. That post is [here.](https://www.reddit.com/r/Superstonk/comments/u0wcb9/did_bcg_try_to_scrub_this_blog_post_about/) + +This did get me thinking, though. The only reason I was able to find that article, and the internet archive link, was that I happened to make a very specific search, and that search happened to return a result for a page that no longer exists before the web crawlers and search engines delisted it from their rankings (at least on DuckDuckGo). That, and the article I was looking for just so happened to have been archived by somebody for some reason all the way back in 2021. They totally could have purged more articles. And if those removals weren't noticed quickly enough after they happened, or if those pages were never archived, then they'd be very difficult, if not impossible to retrieve. + +So I grew a few wrinkles re: The Wayback Machine and learned that you can use it to sort of explore subfolders of specific webpages. [Here's that page for bcg.com.](https://web.archive.org/web/*/bcg.com/*) I soon found out, however, that the filters for this explore function are kind of finicky and the search only really seems to work if whatever you searched returns an exact match for some substring of an archived URL (and that's not even consistently true in my short time trying to use it). + +I was really hoping that I could just type in "GameStop" in that search field and find a smoking gun (could you imagine lol). But I did not, and I soon gave up on that endeavor because I had things to do IRL and trying to figure out how to use the explore functionality on TWM in a way that was consistently helpful was becoming a pain in the ass. If anyone else wants to give it a stab though, be my guest. It seems like the kind of thing that would best be tackled by crowdsourcing. + +$BUTT + +Last night, while I was sleeping, I got a DM from u/Busy_Dot who apparently found another deleted article hiding in Google search results. And while it doesn't mention GameStop specifically, it's kind of the next best thing. Basically, [BCG thinks gaming and esports are media's next big paradigm shift.](https://web.archive.org/web/20220325142728/https://www.bcg.com/en-mideast/2021/gaming-and-esports-sector-are-the-next-shift-in-media) They seem very bullish on the global gaming and esports market. + +From the article: + +>Gaming & esports is a fast-growing and continuously evolving sector and offers content producers a platform to connect with consumers in a way that other media cannot replicate. This paper has demonstrated the ability for investors to achieve commercial returns, and for governments to create economic impact. But investors and governments can only create the framework for game developers and esports athletes to grow. +> +>Ultimately, ecosystems emerge from the passion of the consumers - the stories they want to tell and the glories they want to achieve. Gaming & esports speak directly to a shift in the media paradigm, consumers as creators. More than entertainment, they offer an infinite canvas for creation. As government and private sector investment continues to grow, that canvas will keep expanding. + +Weird that that article was posted in December but they've suddenly changed their minds over the last couple of weeks. Probably nothing. +My wife and I both work for a school district and just had a little one in March. My wife is off work until the next school year (end of august) and we are trying to figure out if we can afford her staying home but I really don’t think we can make it work. We already live a low expenditure lifestyle. I make about $2700 a month, my wife about $1600. Mortgage is currently $600 but has went up about $40 every year the last 3 years so I have budgeted $650 for it. Electric/gas is $400. Cell phone is $100. Internet $45. Grocery/household items is $500. Garbage is $27. Health Insurance is $70 a month (yeah I know). Student loans are $340. Gasoline for the month is about $100 right now. We have a few streaming services but I’m assuming we cut those out. That leaves us with about $470 extra each month. Currently we only have one vehicle (paid off) that now has over 100,000 miles and probably should start looking for another (I don’t like the idea of leaving them home alone with no vehicle). The vehicle is also still in my FIL name from when my wife got it as a teenager and they pay the insurance on it. If my wife goes back to work, we found a babysitter that would be about $500 a month. Since we both work for the same school district and my wife is actually on a different contract, her insurance is less and I can deny my insurance. Her insurance is about $28 a month and I get $8000 for denying it. I know my wife would love to stay at home but looking at our finances we aren’t sure if it’ll work. I don’t know if anyone has any ideas of how we could make it work. +STOP PATTING YOURSELVES ON THE BACK FOR NOT SELLING AT 200. IT'S FUCKING PISSING ME OFF. + +START CONGRATULATING YOURSELVES WHEN YOU DIDN'T SELL WHEN THE TICKER IS 50,000 OR MORE. THE FLOOR IS 20MIL. THERE IS NOTHING TO FUCKING CELEBRATE YET. + +SORRY FOR CAPS. I PROMISE TO NEVER POST AGAIN. + +&#x200B; + +\-LURKER +If someone comes a long and says “I invested $10k in (whatever coin)”, that may sound like someone really believes in that coin, but that may also be a very insignificant amount of money to them. I want to know what kind of risk people are taking. How much does this money mean to you? I think people are lost in dollar amounts. I see people here asking all the time “Is it worth buying $100 of Bitcoin?” I have no idea. What is $100 worth to you? If you believe BTC will double and $100 is your net worth, than you’re going to double your net worth. + +How much you spend on a particular coin is largely irrelevant. You need to be focused on what percentage of your income that risk represents. That’s how you factor risk. Comparing your dollars to someone else can be completely meaningless if their net worth is drastically different than yours. I think it would be great if more people were saying “I invested 5% of my monthly income into X”. That’s much more of an indication of how they really feel about it. +2 years ago I was doing nothing but borrowing money. I had a shitty car and barely made it. + +I took what you guys say to heart and turned that around. I was doing way better and had a savings but it still wasn't perfect. + +So I've taken a whole different approach to my finances this last couple months,I'm really noticing a change in my ability to enjoy life. + +4 months ago I started doing Instacart along with my full time job and school. I made a lot of money but I also ended up wasting a lot of it. I splurged on coffee, expensive date days, dinners and more. I was happy but it wasn't efficient. Not to mention the immense stress it put on me. + +2.5 months ago I rebudgeted everything, cut costs and made my day to day life more efficient. Less Starbucks, more aeropress. Less eating out more packing lunch,etc. + + I started saving over 40% of my income as an emergency fund, started my 401k, started investing and even more recently setup a second savings account for backup purposes. + +I do all of this while working less hours than before. + +Last week I took my Girlfriend to Disneyland and paid for almost everything, and j managed to do so without touching my savings at all. I consider that a huge accomplishment. + +As I look to move out sometime this year, or maybe even as late as 2017, I am working tirelessly to make sure I have this finance thing figured out. I have a lot to learn, and I want to ensure I can take on any potential burdens with finding my own place. + +It's a log road ahead, but I keep chugging forward. + +2016 is going to be a great year. +So I’m a single guy renting a room. I’ve been saving for a house deposit and just generally saving for years. + +Right now I save: + +£700 in a deposit (currently at £41,746 in a 2.72% monthly account.) + +£160-200 in what I call fun money (currently at £10,070 in a 2.72% monthly account, seem to be bad at having fun with this money 😅) + +£90 into an emergency account (currently at £1500) + +I make £2160 after tax and pay £545 in rent. + +I realise I’m very lucky to be able to save when many can’t but I wonder am I over saving and not enjoying life. I don’t really know when to call it a day on home saving. Especially as rates and bills have hit such a height. + +I’m in my early thirties fyi. + +***Thanks for all the messages and going out of your way to give free advice :)*** +I’ve been a big fan of Chase, love their 1% cashback. That being said, I’m currently unable to log in to the app (getting an error). I’ve been patient with their frequent outages so far, but it’s pretty bad when you can’t even sign in to the app - especially when your card number isn’t on the physical card and only available in the app. +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 +Just asking for my mum. It's more of a hypothetical, but if you got handed 45k for a year, and had turn this into more money, and hand the 45k back a year later, what would you do to make the maximum return? Creative ideas welcome! + +**EDIT:** Thanks everyone for your replies. It's been incredibly helpful. Turns out it is a bounce back loan. I've talked to my mum and included lots of your good advice. If the loan is approved, she has now got a plan for investing in her business to expand and secure it (mainly marketing spend). If there is any money remaining she'll stick it in premium bonds until the repayments start and then make repayments out of that cash. +Title pretty much says it all. I have a basic understanding of "IV crush" and the fact that options are volatile, but I'm not sure I understand what exactly has happened here. The underlying is up, the option is ITM. Time is on my side since it doesn't expire for a very long time, but could I have predicted this and set a much lower limit order? + +&#x200B; + +Thanks for any recommendations. + +&#x200B; + +EDIT: pretty sure I'm a dumbass and just bought the midpoint which was far above the bid price. + +&#x200B; + +https://preview.redd.it/sy7h7ofsn8w71.png?width=3352&format=png&auto=webp&s=c951d1acb9e36afaebed814fd61da4b132a0045d +There are so many subreddits I have come accross where OP has $100,000 in a "high yield" savings account earning .005% a year, while their principal is devalued by 20% in that same time period. E.g.: [https://www.reddit.com/r/StudentLoans/comments/rp1fth/200k\_in\_grad\_loans\_120k\_in\_savings\_advice\_needed/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/StudentLoans/comments/rp1fth/200k_in_grad_loans_120k_in_savings_advice_needed/?utm_source=share&utm_medium=web2x&context=3) + +This is especially common in the student loan forums. I've been downvoted into oblivioun for even suggesting they take some of it and buy bitcoin. There are some communities that are SO "risk-averse" that they will risk-averse themselves into bankruptcy. + +How do we help these people understand? +I saw a really informative [post](https://www.reddit.com/r/CryptoCurrency/comments/mshvtg/ethereum_explained_for_noobs/) about Ethereum from u/Ghostserpent and i wanted to do the same for VeChain. + +(Long but informative read) + +**What is VeChain (VET)?** + +VeChain is a blockchain built to help make supply chain management simpler. It was originally conceived as a way to determine if a real-life product is fake or not - preventing frauds and knock-offs. Since then its been used by major corporations to help track everything from wine production to car manufacturing. + +The way it does that is simple: give each product a unique identity, then use sensors to track what happens at each stage of the supply chain. That way, companies can be sure products are handled correctly, and consumers can verify their purchases are legitimate. + +**Who invented VeChain?** + +VeChain was founded in 2015 by Sunny Lu, the former CIO of Louis Vuitton China. He combined his expertise in luxury goods with blockchain technology to create an IoT (Internet of Things) application for supply chain management. He remains the CEO of VeChain through a non-profit called the VeChain Foundation. + +**How does VeChain work?** + +You can look at VeChain in three parts. The real-world tech, the cryptocurrency, and the platform. + +* **Real-world tech:** VeChain works by giving physical products a unique identity, usually through RFID (radio frequency identification), QR Codes, or NFC (near-field communication). Sensors record information at every stage of the supply chain, and are recorded and linked to the product's identity. These are sensors that VeChain designs, and are created by manufacturers like Bosch and Qualcomm. Since it uses blockchain technology, the recorded data can\`t be changed. This allows for a truthful record of what conditions were like throughout the supply chain. If anything went wrong, like goods being shipped to the wrong place, the blockchain record will show exactly where the mistake happened. +* **The cryptocurrency:** VeChain originally issued tokens (known as VEN) on Ethereum before it released its own platform in 2018. With this new platform came a rebranding as VeChainThor (known as VET). VET is the payment used in VeChain's system. The more VET a person or enterprise holds, the higher priority when it comes to using the blockchain's resources. VET can also be used to generate a second kind of token, known as VeThor or Thor Power (VTHO), to access the supply chain technology. So a company that wants to use VeChain's tracking for their supply chain has to pay VTHO in order to add more information to the blockchain. +* **The platform:** The platform that is used to do all of this, known as a main-net, can also be used by other blockchain projects to launch their own coin on VeChain's system (in a similar manner to Ethereum). This platform has helped move VeChain on from just supply chain into Dapps. + +**What can you do with VeChain?** + +VeChain has developed sensor chips for physical products that are uniquely linked to its blockchain platform. The system is exclusively geared for mass enterprise adoption. Its real-world tech has been in use since 2015, when it developed NFC tracking chips to be placed inside handbags for a French luxury brand. + +Then in 2016, VeChain applied this tech for the Renault car company to track vehicle history. It keeps track of maintenance, mileage, and anything else that has happened to the car from the time it first hits the road. This unchangeable record can be accessed by used car buyers to give them a complete account of the vehicle - a huge boost to tackle issues like odometer fraud. VeChain has also announced partnerships with BMW and other car companies in Europe and Asia. This technology has applicability in several other industries, and VeChain has hinted at other major collaborations in the works. + +EDIT: As u/liau_ stated I missed a key concept called Proof of Authority (PoA). PoA is an algorithm used with blockchains that delivers comparatively fast transactions through a consensus mechanism based on identity as a stake. To many this may sound pretty vague. In this [video](https://m.youtube.com/watch?v=mmjdqJxjwhY) the PoA of VeChain is explained for those who find it interesting! +I posted on another account whether I should buy a condo or finish paying off my student loans. My situation 6 months ago was that I had around 100k of student loans (4.75%) and car note of 11k (3%). I had 30k saved up to buy a 300k condo doing 10% down with PMI. Being 29 years old, I felt that the normal trend was home ownership, because renting was throwing away money instead of gaining some equity. My income at the time was around 135k/yr and expenses (rent/food/car/etc) was around 2500/mo with an additional 2k/mo going to student loans (did a 5 year refinance with SOFI to decrease the interest from 7.5 to 4.75) +&nbsp; + +Fast forward 6 months later, I am about 11 months away from being debt free (paying off that 100k student loan and car payment in a total of 1.5 years). Even though I got a raise, my wife and I moved into a cheaper apartment (650/mo). We learned how to budget, so now our expenses is around 500-600 lower. If I were to buy that condo, my HOA and property tax would have cost me 550/mo, which is nearly the cost of my apartment. +&nbsp; + +For those who are new grads and feel like they deserve a nice car, house, etc.. remember to do your homework. You will see your friends buying nice, shiny things. I quickly learned that these are also the friends that are now house poor. This community has saved me from a HUGE 300k mistake, which would have made me house poor and in debt for a LONG time. Also, part of the money in savings was used for mine and my wife's ROTH IRA (first time doing this). I am also planning to contribute past my employers matching when I am done paying the debt. +&nbsp; + +Edit: I forgot to mention that I am now paying off my wife's tuition in full, which we wouldn't have if we would have gotten the condo. The student loan would have been 20-25k/year at a 7% interest. +So I am at the age where lots of my friends are having babies. +Just wondering given inflation and rising cost of living, how much additional financial strain does this place on a couple? Obviously the first one or two years would be minimal as I wouldn’t think a baby needs all that much financially? +So I realized that not everyone that wants to FIRE is necessarily savvy with Excel or with math in general. I took a quick few numbers to do a simplified calculation of how many years of saving it would take to hit the standard goal of saving up 25x annual spending. The 25x is a rule of thumb found in the FAQs of this forum. This is really just for estimation since real savings and returns aren't going to be identical year after year. + +I assumed a net return on investments (after inflation) of 5%. This uses a percentage of your retirement income goal as the savings input, so 30% would mean that every year, you plan to save \~30% of the amount you plan to spend annually in retirement. Your income isn't a factor and the dollar value doesn't matter either - just the ratio of your savings compared to what you want to draw. This produces the number of years you'd need to save to get 25x of your annual retirement spending in your account. + +Using an input of 5% net return and a target account value equal to 25x your annual retirement spending needs, you get: + +Annually invest 10% of your retirement income needs - 53.4 years to retire + +Annually invest 20% of your retirement income needs - 40.6 years to retire + +Annually invest 30% of your retirement income needs - 33.7 years to retire + +Annually invest 40% of your retirement income needs - 29.1 years to retire + +Annually invest 50% of your retirement income needs - 25.7 years to retire + +Annually invest 60% of your retirement income needs - 23.1 years to retire + +Annually invest 80% of your retirement income needs - 19.3 years to retire + +Annually invest 100% of your retirement income needs - 16.6 years to retire + +Annually invest 200% of your retirement income needs - 10.0 years to retire + +Edit: As an example, if you’ll need to spend $50k per year after you retire and you can save about $30k per year while working, every year you are saving $30k/$50k = 60% of your annual retirement draw needs. Looking at the table, at this pace you’re on track to retire in about 23 years. + +Down in the comments I show another quick calculation which is how much income an existing investment is expected to yield at retirement by using the same assumed interest rate and 4% draw rate. The results are: + +Immediate draw - $40/yr per $1k invested + +5 years maturation —> $51/yr per $1k + +10 years maturation —> $65/yr per $1k + +15 years maturation —> $83/yr per $1k + +20 years maturation —> $106/yr per $1k + +25 years maturation —> $135/yr per $1k + +30 years maturation —> $176/yr per $1k + +/Edit + +Details: I used Excel's Future Value formula "FV" to do this. An example formula in Excel is =FV(5%,33.7,-30%)\*1. \[The "\*1" at the end just keeps Excel from misformatting your result.\] You can paste that directly into a cell in Excel and it will give a result of about 25. This example formula uses an annual savings rate of 5%, a term of 33.7 years, and an annual saving rate of 30% of your anticipated spending. The formula result (\~25) is the multiple of your retirement spending goal that you've saved. By tweaking the input parameters or targeting a different output you can see a range of savings rates, terms, and interest rates that will get you to your goal. I hope this is helpful to someone. +***This is not financial advice, and I am definitely not a financial advisor.*** + +Get ready boys and girls, because one this baby squeezes we are all going to be experiencing the same exact emotion. + +&#x200B; + +**ANXIETY** + +&#x200B; + +I'm not talking about the excitement that comes when you see your account turn into a number that you never thought possible, but excitement's twin brother, anxiety. We all know the floor, and that we are supposed to sell on the way down, and it is imperative that we follow those basic rules, but my question for you is how are you going to deal with anxiety that you've never faced before? + +&#x200B; + +Hypothetically speaking, let's say the squeeze happens Thursday. The price shoots up to $300 today, then jumps to $10,000 Thursday. That means that your hypothetical 100 shares are now worth $1,000,000. You know not to sell, but you have to deal with the ***ANXIETY*** of letting the market close, the price possible cratering, hearing FUD over all the news, and having anyone (hopefully no one) who knows about your position in gamestop telling you to "take the home run" or even better "this is the grand slam you should sell" + +&#x200B; + +Then comes what is worse. Friday. On Friday, the price goes down to $5,000. Your cool million just turned into 500K. **ANXIETY.** The price then shoots up to $50,0000. You have 5 million. **ANXIETY.** The market closes. You didn't sell. good job? Good job, but now comes the weekend. + +&#x200B; + +You have to wait the longest weekend of your life. Unrealized gains in a fraudulent market. The shills will come full force, they will spread fear, uncertainty, and doubt, and because you are already anxious about your unrealized gains, you will decided "5 million is enough, and I'll sell at market open on Monday." + +&#x200B; + +&#x200B; + +Apes, we must be prepared to fight off anxiety. We must disconnect from sources that will cause us to paperhand. In my opinion, this squeeze will take at least a full week to play out at minimum, and I've decided to not sell a single share until my price stays above a certain point for a certain amount of time. This is not a flash squeeze. This is not a once in a lifetime squeeze. This is a ONE TIME EVER squeeze. + +&#x200B; + +&#x200B; + +I don't want to be over dramatic. But if you paperhand because of anxiety, you will regret it the rest of your life. You wont look back and think, "I'm happy I locked in profits!" or "a profit is a profit!" You will look back and realize that you are still an insignificant pawn that has been and will continue to be manipulated by the wealthy and powerful and that you might as well crawl up and die. + +&#x200B; + +&#x200B; + +This is our chance, our one chance to fight back. We have the best hand at the casino, and the casino is trying their best to get us to fold. They will try to scare you into it, they will try to threaten you, they will try to get you to even take a lower payout. Your hand is strong enough to bring the casino to the ground if you HODL. + +&#x200B; + +&#x200B; + +TLDR; Anxiety is going to be insane during the squeeze. And figure out a plan for your mental health to be prepared for at least holding through one weekend. Be ready for the trading halts, for the price swings, for becoming an unrealized millionaire. The price is not right, and only sell when it is right. + +&#x200B; + +DIAMOND HANDS +I am planning on getting my MBA at a top tier school for professional reasons, not financial. It will help me achieve the professional goals I have set. I'm not really on the FI**RE** train as much as just as FI- I have high career aspirations and see myself working a long time just for fulfillment reasons. + +That said, going back to school does bring about a major change to my financial situation. What challenges did you for that you didn't expect/what did you wish you had done differently/what did you wish you would have known? Looking back, what advice can you offer those of us looking at flights back to make the right financial moves during those few years? +I am under the impression that ethereum likely will not reach the price that bitcoin is currently at because ethereum has a larger supply and will release more ethereum to be mined in the future. I'm still learning and will admit I don't fully understand everything, so please set me straight if I am misunderstanding or misinterpreting things. I want to learn more. +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! + +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! +Hi personalfinance, so like the title said my only child just turned 1 recently and I want to get some sort of savings or something set up for her to access when she’s older. We have several family members who have been wanting to put money into some sort of fund for her but I honestly don’t know where to begin. + +Her grandmother said she wants to set up a “529 college savings plan” and wants her SSN to do so, but frankly I don’t know what that is and I don’t trust her for a second with that info due to past altercations. + +Please help with any advice or reference links or even anecdotes you may find applicable in this scenario. We are in California, USA. + +Thank you in advance. +**EDIT: I am not claiming that the squeeze will be squoze tomorrow (prepare to hold for weeks). My claim is that another gap up this week is guaranteed if we hold $300.** + +**EDIT: you diamond hands really need to step up. If we break today, past two weeks will be all for nothing. As another post pointed out, shorts will do anything to break the 13-day failure to deliver chain, as otherwise the SEC will immediately force them to cover.** + +With GME pushed above $320 Friday, a huge wall of calls were exercised. Anyone who sold calls is now deeply, deeply underwater. + +The longs haven’t won the battle yet though: holders of the short calls (largely Citadel at this point) have **two days** to deliver the shares. (See source below). + +If I was in their position, would I start covering today and therefore trigger a gamma squeeze? HECK NO. + +Instead, If I was a short, I would kick the can one more day while I try one more hail mary. I will attempt a large short-ladder attack to at least push the price down (if not outright induce panic-selling). At the same time, I would approach a large institution with shares (think Fidelity or Blackrock), and make an offer for a large volume of shares. + +By pushing the price down, I can reduce my losses, and at the same time strengthen my hand in negotations with institutions that can offer shares. + +If the hail mary works, shorts can at least get away alive tomorrow without even incurring “failure to deliver” + +However, if retail is able to kill them at $300-$320 by open tomorrow, there will be a gamma squeeze the likes we have never seen this week (probably not THE squeeze yet, but a squeeze nonetheless). + +Panic-buying will start. Not all firms will do this panic buying, but I figure there are enough smaller HF shorts who don’t have a legal team to temporarily stonewall failure-to-deliver lawsuits. Those have no choice but to start covering. + + +**TLDR: no squeeze today because shorts still have one day of breathing room. Don’t just 💎✋🤲, BUY until we are at $300** + +GME🚀🚀🚀🚀 + +EDIT: 💎💎💎💎🤲🤲🤲 = 🚀🚀🚀🚀🚀 + +EDIT: for those asking for source on that GME is a physically-settled option: see this: The SEC only granted cash-settlement on a specific set of ETF tickers (https://www.sec.gov/rules/sro/nyseamer/2020/34-88131.pdf) + +For info on the T+2 settlement days on see page 9 of 42 (or 15/48 for whole document) of this: https://www.cftc.gov/sites/default/files/filings/orgrules/17/06/rule061417occdco001.pdf + +“Rule 903 governs the obligation of a Clearing Member to deliver when either a Delivery Advice or OCC directs that settlement be made on a broker-to-broker basis. It currently specifies the delivery date for physically-settled options as the third business day following the day on which the exercise notice was, or is deemed to have been, properly tendered to OCC. Rule 903 also generally specifies the delivery date for physically settled security futures as the third business day following the maturity date. Under the proposed rule change, these references in Rule 903 to the “third” business day would be changed to the “second” business day.” +Hi Community, + +I (m, 31) am also one of those who are now finally starting to invest. However, like most beginners, there is still some insecurity about my portfolio choices and I am hoping to find some suggestions or feedback from you guys on here. + +Let me keep give you a quick wrap up. I live in Germany and have now opened up three accounts. 1 for me (Smartbroker), and 1 for each of my kids (2 and 4 years old) (Comdirect). I am going for savings plans with no order fees and aiming at long term (min. 10-15 years without selling) and keeping the risk fairly low. + +So this is where Im at for now. Feel free to tell me why this is a bad idea and openly share your thoughts. + +**Kids** (each) - Budget 25€/month +(I am also saving for them in other accounts and might transfer it to etfs as well after gaining some experience) + +ETF *Portfolio*: + +Amundi Index MSCI World SRI UCITS ETF DR (C) or + +Amundi Index MSCI USA SRI UCITS ETF DR (C) + +&#x200B; + +**Personal -** Budget 150 €/month + +(I am putting also 100 €/month into my cash deposit) + +ETF *Portfolio*: 50 % World or USA (same decision as for the kids), 33 % EM, 17 % EU Bonds) + +EM: iShares MSCI EM SRI UCITS ETF **or** Xtrackers MSCI Emerging Markets UCITS ETF 1C + +Bonds: Amundi Government Bond Highest Rated EuroMTS Investment Grade UCITS ETF EUR (C) + +&#x200B; + +What do you guys/gals think about it? +I want to have a place where all my investments are tracked and I can have a nice dashboard that tells me how everything is doing. + +Some need to have the price tracked and updated automatically, such as stocks, etfs, metals and crypto. Others such tracking is impossible and I will do it manually. I've started to make a spreadsheet in order to achieve this. + +Here is how the design of the dashboard will be like, so you have an idea of what I will be trying to achieve: +[https://i.imgur.com/wmVdo68.png](https://i.imgur.com/wmVdo68.png) + +Of course, there will countless sheets behind it that give all this info. The images are random but the type of image is correct. + +However, before countless hours are spent coding all of this, I wanted to double-check if there is no other way of achieving something similar with an app? The biggest problem is that there are so many types of investment, and some need to be tracked automatically and some need manual inputs. +Hi there, + +I was thinking of investing in ETFs since many months and now as I have some free time (called homeoffice :D) I set up an account to trade with ETFs. +I want to do a 'standard' strategy with 70% MSCI World and 30% Emerging Markets. The investment will be 250€ each month. I checked a website to compare ETFs and decided to go for these two: + +Xtrackers MSCI World Index Swap UCITS ETF 1C (ISIN: LU0274208692) +Xtrackers MSCI Emerging Markets UCITS ETF 1C (ISIN: IE00BTJRMP35) + +What do you think, is that fine? I took the best 'performing' fonds from the comparison which is why I chose the 'Swap'-version of the MSCI World. My broker only supports Xtrackers and Amundi ETFs. + +Thanks for your opinions! +I’m located in Romania, if i want to invest in SPY is it wiser to invest in “Vanguard S&P 500 UCITS ETF USD Acc” (VUAA) or a EUR hedged one like “iShares S&P 500 EUR Hedged UCITS ETF (Acc)” (IUSE) + +Romania while in EU it is not yet in EUR zone. Maybe in 10years who knows. + +Would you say it’s wiser for the long run to pick a EUR hedged ETF or for such big indexes such as SPY it doesn’t really matter +Hi team! I'm thinking to start buying Gold as a part of my investment portfolio (adding to ETFs and a bit of crypto). Was wondering what is the best way to do it. I can't choose between physical gold, 1:1 gold crypto coin or gold ETF. +It's possible to stake gold coins and get around 6% interest. +How do you buy gold and what are the pros and cons of the ways the gold is bought? + +I live in the Netherlands and use Degiro for ETFs. + +Thanks a lot +Hello, I'm a 16 year old from Spain and I would like to know your opinion on my investing plan. +I currently have around 1200€ invested on Santander and 600€ on $CROX. + +I'm looking forward to diversify my investments so I have decided I will invest 200€ every month onto something different. Some sectors that I'm looking forward to invest on is the green energies one, cannabis, vegetal meat and gaming too. Also, I think that ETF's based on developing asian countries companies have a lot of future too. + +Also, I don't have any important amount of cash saved up, I don't know if that would be a good idea? Because I don't think there is a need for an emergency fund at such a young age still living with my parents. + +I would really appreciate your opinion or any suggestion you might have. Thank you so much! +I posted this in r/personalfinance and they directed me here! I am posting on behalf of a friend who asked me for advice. He has been going through interviews with a large multi-national company. Currently, he works for a smaller company in the same field. After his most recent interview, they sent him an email saying they would like to proceed with the hiring process, but in order to proceed, they need him to "kindly" provide his current salary and benefits. They also asked him for his "salary expectations." The job market here in Spain is quite tough, so he does not want to jeopardize the job, but obviously his current salary should have nothing to do with what they offer him for this new position. How should he respond in this situation? What is the standard practice in the EU? +Hello, I'm a 16 year old from Spain and I would like to know your opinion on my investing plan. +I currently have around 1200€ invested on Santander and 600€ on $CROX. + +I'm looking forward to diversify my investments so I have decided I will invest 200€ every month onto something different. Some sectors that I'm looking forward to invest on is the green energies one, cannabis, vegetal meat and gaming too. Also, I think that ETF's based on developing asian countries companies have a lot of future too. + +Also, I don't have any important amount of cash saved up, I don't know if that would be a good idea? Because I don't think there is a need for an emergency fund at such a young age still living with my parents. + +I would really appreciate your opinion or any suggestion you might have. Thank you so much! +I am the father of a 1.5 yo, with another baby coming soon. Our 2013 VW polo (that we bought used in 2017) will soon start to be quite small for the 4 of us (including my wife), and we are considering buying an used EV to replace it. I am looking to buy a car that I will drive for a very long time. Our car has further no issues whatsoever, we kept very good care of it and we expect to be able to sell it for about 6000 euro. + +I am very conflicted. A car is of course a depreciating asset, and ultimately a luxury. However, with 2 kids it feels a necessity for us. To be very concrete, I am considering a used VW Passat (a family classic) or a used Tesla Model 3 (the best EV from what I read). + +In the NL where I live owning an EV results in no taxes up to 2024, and (most probably) in lower taxes in the future compared to a similarly sized ICE car. The recharging infrastructure is quite good (I have a charging station right in front of where I live), so even if I don't have a garage I don't see this as a major issue. On the long term (~7 years?) the lower running costs of an EV should start to compensate the higher purchasing power. + +On the other side, the main issue is of course the [opportunity] cost of an EV, even if used. EVs will probably become cheaper and see major upgrades once all major car companies will start to mass-produce them, even if this won't happen overnight. The economic future is quite hard to predict. The markets will sooner or later go down, and some cash will be handy. And it's also possible that inflation will rise, making EVs even more expensive. + +any advice is welcome! +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? +So im 25 and currently in Ireland. So i wanted to get in game with stock market and shares and maybe crypto. I dont know where to start or how. im planning to start with 100€-200€ and add more every month. What apps to use that are good in EU (Ireland and later Croatia). how to start? i saw also that penny shares (stock*) are good way to start getting money early. Where do i look for some kind of explanation. I saw few guides but i wanted to see opinion of more people on one place compared to sites that have 1-2 editors. I generally understand the logic, buy low, sell high stuff. And looking for app or site to use on phone and pc and that has a lot of things on offer, from stock, bonds, currency, industry... etc. and where to start S&P 500 or NASDAQ or something other. i have few apps on phone that "recommend" what to buy and sell. Are those any good? Anyone to follow on Twitter or IG for good advice. Saw people saying that day trading is good to earn money fast? but also says that you have to have 10-20k on acc to do that or else you'll have problems with tax? How do you pay tax on money earned, if you do at all? any blogs that are good to explain how to start. I would like so start setting up foundation for future. Financial independence and all that 😁. +Also going in other direction to get money besides working 9-5 for any ideas? +Thanks for help 🙂 +Hi, it would appear that iShares may be going to delist some ETF's from the LSE apparently on 27th September. The implications of this are not known for those who hold these funds following purchase through the LSE. The depository is separate to the LSE and one would assume that the holdings shouldn't be affected but iShares need to come clean and tell their clients ASAP. See the list of iShares ETF's below: + +iShares Core € Govt Bond UCITS ETF EUR (Dist) iShares III plc IE00B4WXJJ64 + +iShares € Covered Bond UCITS ETF EUR (Dist) iShares III plc IE00B3B8Q275 + +iShares € Corp Bond ex-Financials 1-5yr UCITS ETF EUR (Dist) iShares III plc IE00B4L5ZY03 + +iShares € Aggregate Bond UCITS ETF EUR (Dist) iShares III plc IE00B3DKXQ41 + +iShares € Corp Bond BBB-BB UCITS ETF EUR (Dist) iShares III plc IE00BSKRK281 + +iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) iShares III plc IE00B4WXJG34 + +iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) iShares III plc IE00B4WXJH41 + +iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) iShares III plc IE00BDBRDM35 + +iShares Core MSCI Europe UCITS ETF EUR (Acc) iShares III plc IE00B4K48X80 + +iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) iShares III plc IE00B4L5ZG21 + +iShares Global Inflation Linked Govt Bond UCITS ETF USD (Acc) iShares III plc IE00B3B8PX14 + +iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) iShares III plc IE00B3FH7618 +(Copied from r/personalfinance) (I know switzerland isn't part of the eu but its still in europe so i think r/eupersonalfinance could still help me, if this post isnt at the right place feel free to remove this post mods.) + +First of all some info about me, i am a 15 year old guy living in switzerland. I will start my apprenticeship this summer (after this school year). + +The apprenticeship will last 4 years, so i'm going to finish it when im 19. If everything goes right my employer would like to keep me as an employee after the apprenticeship, i'm also thinking about studying after my apprenticeship but i am not 100% sure about that yet. + +I am going to list all of my pre-tax earnings: + +1. year 800CHF (754,19 EUR)/month +2. year 1'005CHF (947,46 EUR)/month +3. year 1'600CHF (1508,39 EUR)/month +4. year 1'800CHF (1696,94 EUR)/month + +I will also receive 180CHF (169,69 EUR) every month for food (in cash), which should be enough for the most part. + +I also get a couple of additional benefits where i can save money (public transportation tickets for example will get payed by the employer). + +I won't have any debt to pay off and my parents also plan on giving me assets (probably stocks) after my apprenticeship. + +At the moment i have a bit of money (\~3'000CHF (2828,23 EUR)) in a bank account for regular purchases if that matters. + +All of this should be 71'100CHF (67028,96 EUR) after the 4 years (including the money for food). (Pre-tax) + +My parents dont expect me to use this money and they want to still pay most (expensive) things for me at least during the apprenticeship and if i decide to study also while i study. + +What would be a good way to invest the money or just to make use of it somehow that will benefit me later or what should i do with the money in general? +Hi there! + +I know there are several rent-or-buy calculator, but I was struggling to decide if I should self-occupy or rent-out a flat considering taxes and other expenses. What am I missing? + +https://www.reddit.com/r/Finanzen/comments/hih6nh/selfoccupy_vs_rentout_decision_i_made_a_calculator/ + +In Germany, Can you depreciate owned property even if its for self-use? + +This is setup for a new mortgaged property in Germany. I would love to hear from home owners what other costs are to be considered in the decision. I would like to eventually make this a public Google sheet. Thanks in advance! +Vanguard All World as a Core and NASDAQ 100 as i side ETF? + + +Hello guys. Im from Germany and started to inform myself about investing. + +Since i work in germany i have an VL Depot where my company pays 26 out of 40 Euros every month in my ETF. I have the Vanguard all World Acc. in it. +A2PKXG + +My main ETF is the Dist. Vanguard All World A1JX52. I pay monthly 500 into it and aim to get 60k and then switch to the Acc. We get taxfree dividends up to 801 Euros in germany. So solid choice to go this route. + +I have a solid All World Core and want to invest around 100 in NASDAQ INVESCO Swap A2QMHS. The ETF is new, is this an issues? + +All in all i would go 540 into a World ETF and 100 into NASDAQ 100 because i dont have the time to deal with single stocks. + +Is this a solid choice? I also do a bit of Crypto but i wanna only figure out how my Main Strategy will work out. Any advice? The S&P500 seems ok too but i want an allworld as a core do be saver. + +Any input would be appreciated. All ETFs have no costs beside TER. + +Greetings +Hi team! I'm thinking to start buying Gold as a part of my investment portfolio (adding to ETFs and a bit of crypto). Was wondering what is the best way to do it. I can't choose between physical gold, 1:1 gold crypto coin or gold ETF. +It's possible to stake gold coins and get around 6% interest. +How do you buy gold and what are the pros and cons of the ways the gold is bought? + +I live in the Netherlands and use Degiro for ETFs. + +Thanks a lot +I wonder what financial/tax advantages one can have living and paying taxes in Belgium. I'm happy to hear all things you know. For example: + +\- Rea Estate rental income: you pay 0% income tax when you rent your property as a main residence. + +\- Surplus value: after 5 years from the moment you buy a property, you pay 0% in the gain you make. + +\-etc, etc. etc. I can only think if these two; but I'm interested in all other benefits this country might have in real estate, bonds, ETFs, shares, life insurance, etc. +Hellloooo + +Im moving to Barcelona soon for University and I need a Spanish bank account. What would be the best bank with the least amount of fees or no fees at all. + +Thanks +Remember [Is twitter censoring Gamestop?](https://www.reddit.com/r/Superstonk/comments/r4k90g/is_twitter_censoring_gamestop/) from 1 year ago? + +And recently Ryan Cohen's ["My tweets seem to be suppressed"](https://www.reddit.com/r/Superstonk/comments/z38qjr/ryan_cohen_on_twitter_my_tweets_seem_to_be/)? + +Just released -- [Twitter Files](https://twitter.com/mtaibbi/status/1598822959866683394) show how, among other things, topics and individual tweets were suppressed, at the highest levels of management (but without CEO being in the loop) **after emails from White House or Political Campaigners**. + +So freedom of speech, trending topics and spread of information are so fragile. + +What about advertisers, large shareholders and hedge funds, could they have also *requested some trending topics to be silenced*? + +\--- + +^(Edit 1:) In 2016(!) Facebook workers already [admitted to manipulating what goes into the "trending" news section](https://gizmodo.com/former-facebook-workers-we-routinely-suppressed-conser-1775461006), including both explicitly removing what was organically trending, and artificially injecting what wasn't trending. +I pay $220 a month for a sucky HOA. The website specifically states a $3.25 even fee for paying via Echeck, which I’ve been doing for the past few months. It has been charging me 3.25% instead which comes out to around $7, when it first started doing this I figured I had paid by debit card by mistake which does have the percentage fee but I went back and checked all my receipts and they confirm I paid by echeck. I emailed HOA who then emailed the company who runs the website who replied “We do not see where the website says $3.25” (even though it is right there on the payment page) and is denying a refund. + + +I’m pissed about this, even though it’s not that much money. I thought about just subtracting the total from my next HOA payment but I’m wondering if it’s worth fighting over this. I asked the HOA to provide me with a number to call. + +Any advice? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +We're coming up to several important dates reegarding share recall. I think it's safe to temper expectations in light off the recent market manipulation of GME. Let's take a historic view of what has happened previously with BlackRock and share recalls as well as some base knowledge regarding recall risk. + +**We’ll cover:** + +1. How do shorts, short? +2. Why loan to a shorter? +3. WTF is recall risk? +4. What drives an Institution to recall shares? +5. Some spicy speculation on BlackRock +6. A look ahead to what’s on the horizon (more spicy-ish speculation) + +Let’s get into it, and as always - hit me up with conjecture, opinions and thoughts! + +# 🩳 How do Shorts, Short? + +Let’s start with how short-sellers actually get themselves into a position too short in the first place, I feel like this is an important part overlooked by many. + +**Hedgefund:** Hi BlackRock (or any other large lender), you **willing** to lend me this stock so I can short it? + +**BlackRock:** Sure buddy, just give me collateral equal to it which is marked market value daily and a haircut on top then we got a deal! Oh, I’ll also charge interest for the time you’re borrowing them - hope you don’t mind. + +**Hedgefund:** Sick, can’t wait to run this company into the ground! Thanks! + +*Marked market value = An increase in stock price prompts a margin call for more collateral, decrease in price entitles short seller to withdraw some* + +As we know from before SI % was adjusted, it was well above 100%. I’d link, but it’s well documented anywhere on [r/GME](https://www.reddit.com/r/GME/). + +So repeat the conversation they had with BlackRock with a bunch of other large lenders out there AND borrowing shares from brokers (think margin accounts), then you have what has resulted in an incredibly high SI % in early 2021 (and if you believe now, which I do, yes now as well). + +&#x200B; + +[GME SI against Stock Price](https://preview.redd.it/cxmc99enkus61.png?width=1252&format=png&auto=webp&s=aa585c6ff325333f501a036ce020c8f6f21ef6d7) + +Here are two pictures just to recap on what historical SI has looked like as well as GMEs stock price. They roughly match up on the x-axis for the most part. + +Let’s put aside brokers for another day and focus on the large financial behemoths such as BlackRock, Vanguard etc… + +&#x200B; + +# 📉 Why loan shares if the underlying asset they own is getting pile driven into the ground? + +I’ll take BlackRock as an example as they’ve been in the limelight in the recent past with [Elon ](https://twitter.com/elonmusk/status/1048015756569407488?s=20)throwing shade at them regarding short-selling practices in 2018. + +Their whole position on why they view short selling is good can be found [here](https://www.blackrock.com/corporate/literature/publication/securities-lending-viewed-through-the-sustainability-lens.pdf). They take it as, short selling is good for market efficiency, liquidity, yada yada, which hey - for the most part I agree on to an extent. BUT what i want to focus on here and in many other [papers](http://daniel-schmidt.eu/pdf/passivelenders.pdf) is that stocks with a high % of large passive investors, through lending and short selling result in **faster price discovery**. + +**Thought exercise:** + +Take a moment and put yourself in say BlackRocks situation, if say, Shitadel or Melvin, or any one of a hundred different HFs came to you asking to borrow not just GME but any stock for shorting purposes + +Why would you say yes to letting them short it, knowing that it leads to faster price discovery? + +\-------------------------------------------------------- + +Intermission. Use your brain and think about it, you smooth brained ape, develop that wrinkle! + +&#x200B; + +https://preview.redd.it/gl9ilg5qkus61.png?width=1284&format=png&auto=webp&s=6b22725f7312e6a9b42285f2313293bfca14b9df + +Intermission over. + +\-------------------------------------------------------- + +Faster price discovery is [associated ](https://www.idc.ac.il/en/schools/business/documents/paper-june-sokolinski.pdf)with a lower likelihood of large negative returns (there’s a lot of research that aligns with this). + +Or if you followed a similar thought pattern to me in the exercise above: + +*“If I find the ground truth faster of a stocks price, I can probably manage my risk better when it comes to returns for my investors.”* + +The other side you may have thought of regardless of price discovery or not is: + +*“I have done my research, and I think this company is undervalued and will increase, so I’m happy to lend my shares for some decent $$$ in the meantime”* + +Note, the above steers clear of the more speculative reasons such as intentional market manipulation - I’m proceeding with what I view as a fairly solid assumption that passive investment funds are playing a “fair” game. + +If they innocently lent out the shares with either of these forethoughts and were faced with the impending collapse in stock price, **why did they not recall their shares earlier to protect their clients?** + +&#x200B; + +# 📉 Recall Risk + +The two main risks short sellers take on when shorting are margin risk and recall risk. We’ll be focusing on the latter. + +Recall risk simply refers to the fact that lenders (or brokers) are able to recall borrowed stock at any time, triggering involuntary close-outs. We don’t know when passive funds lent their shares to shorters such as Shitadel and Melvin - but what we do know is and as mentioned above, SI remained at a reported high until early 2021 (and again, if you believe as I do, remains high). + +As such the assumption here is that shorters have been living under the umbrella of recall risk for a long time now. + +&#x200B; + +# 📈 What Drives Institutions to Recall Shares? + +There has been a decent amount of research on this topic, most arriving at the same conclusion yet again. Here’s a quote that sums it up nicely from a [paper from UNSW](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2831261). + +>*“....High recall activity coincides with institutional selling of the stock and precedes stock price declines, suggesting that lenders recalling the stock act on superior information.”* + +Well, that goes against everything we’ve observed…. or does it…? + +&#x200B; + +https://preview.redd.it/ij6svjuskus61.png?width=1348&format=png&auto=webp&s=50618014ce6ceca62c8134c173502e4f536267a5 + +Let’s go back to our candle chart, marked here is when the last share recall was announced in 2020. It’s also well known that BlackRock did not recall their shares then. This indicates that they were lent out. *(We also witnessed an increase of double in price due to some shares being recalled i believe)* + +&#x200B; + +# ⏪ Rewind, Why didn’t BlackRock Recall Shares in 2020? + +**Activism Existed before RC** + +Few may know that activist action began before RC, although they had a [different take](https://news.gamestop.com/node/16636/html) on [“activism”](https://www.thebalance.com/what-activist-investors-mean-for-your-investments-4158859) compared to RC. + +Back in [February 2019](https://news.gamestop.com/node/16636/html) (and again in [March 2019](https://news.gamestop.com/node/16636/html)), Hestia and co’s (a coalition of investors) activism took on a more strategic business view lens compared to the vision lens that RC has on. This was in terms of deriving stockholder value through share repurchases, operational efficiency and hiring the right CEO and setting correct incentives for them. + +You can view this as your typical activist approach, for better or for worse. Fun fact Mr Michael Brrrry voted against them in the following section. + +**2020 Shareholder Meeting** + +BlackRock said it themselves [here](https://www.bloomberg.com/opinion/articles/2019-12-03/making-life-harder-for-short-sellers) what their logic is behind recalling shares, and hey it makes sense. + +>*“The decision whether to recall securities on loan to vote is based on a formal analysis of the revenue producing value to clients of loans, against the assessed economic value to clients of casting votes would be less than the securities lending income...”* + +Based on the notice of what would be voted on in the [2020 Annual Meeting of Stockholders](https://investor.gamestop.com/static-files/b13f5287-348a-460d-af8e-ed204416435d), we can observe that it was time to elect 10 directors, this included two from *Hestia Capital* and *Permit Capital*, who are the activists. + +&#x200B; + +[2020 Proxy Notice for Shareholder Meeting](https://preview.redd.it/3zfqec0vkus61.png?width=1344&format=png&auto=webp&s=b36fb22da4866e96134e78705e8639db682d0d4a) + +While it looks like this would be a good chance for BlackRock to recall shares to vote, does it make sense for them to? Surely this would prove fruitful for their clients? + +&#x200B; + +# 🚀 Speculation Warning 🚀(New thing I’m trying when I go into big-time speculation mode) + +Well, not exactly, we know insider information exists, and it’s evident through the research paper linked and discussed above and many others. I see a few reasons why they would not recall. + +1. They knew who would vote and how, rendering recalling shares a negative outcome for clients (if you were to make a decision that’d cost $$$, you’d surely do the game theory too) +2. Even if the activists did not get voted in, Sherman had a business transformation plan underway (the reason why Brrry voted against the activists) + +These two speculations alone, either way would be reason enough not to recall shares. Everyone knows the stock is undervalued, it’s been spelled out many times in many letters to GME, and DFV even caught wind through his gigantic ape brain. + +**In summary:** They did not recall as they knew or had an idea of how the vote would play out without them. + +&#x200B; + +# 💎 Let’s Circle Back + +>*“....High recall activity coincides with institutional selling of the stock and precedes stock price declines, suggesting that lenders recalling the stock act on superior information.”* + +So based on the analysis we’ve gone through on why passive investors such as BlackRock enter a lending agreement with short sellers, a plausible reason why they did not recall last shareholder meeting, and certain evidence they did have their shares on loan due to the prior point, that leaves us with: + +Why did they not recall when their stock price started to tank? After all, it would have produced a negative outcome for their clients if GME were to be shorted into oblivion and the quote above states that recalls usually coincide with stock price declines, in order to protect their clients. + +&#x200B; + +# 🚀 Speculation Warning 🚀 + +I believe they made a bet against the shorts, knowing full well that GME was undervalued at the time they lent the shares out (we don’t know when). I won’t go into whether they tee’d up RC, however, I’m speculating they made a bet that if the price was shorted into a range where the share price became so unbelievably attractive, and the stock so unbelievably undervalued, that someone would come along and to turn around the company. + +This is why they never recalled their shares until now, I believe they were very much happy sitting there reaping the benefits of interest being paid to them while they played the long term game. Win-win right? + +**So in summary:** They made a bet against the shorts based on the fundamentals of GME. Huh, funny that. + +&#x200B; + +# 🔮 Looking Ahead + +It’s well known we have a shareholder meeting coming up and I think the date floating around is somewhere mid-April, similar to last year for a share recall from GME. Funnily enough, I’ve been writing this DD up over the past few days, and what just came out? + +&#x200B; + +[2021 New Release Announcing RC up for vote for Chairman](https://preview.redd.it/ms1p3cuxkus61.png?width=1342&format=png&auto=webp&s=0ae0e236dd45dde6d1dfeda224166db89bfd6afd) + +This bad boy. Oh yeah. + +**What can we expect?** + +We know how BlackRock makes decisions when it comes to recalls, they said it [themselves](https://www.bloomberg.com/opinion/articles/2019-12-03/making-life-harder-for-short-sellers). + +We [have an idea](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-slate-director-candidates-2021-annual-meeting) of what’ll be on the agenda when it comes to the voting side of things (5 new Chewy affiliated directors up for vote), last year in [Schedule 14A](https://investor.gamestop.com/static-files/b13f5287-348a-460d-af8e-ed204416435d) we had the “Notice of Annual Meeting of Stockholders” that outlined what shareholders are asked to vote on in detail. We’re waiting to access this proxy once it’s outlined on their website or the SECs for 2021 **(apparently around the 15th April is what i'm reading)**. + +Now, you might be thinking based on what we’ve gone through - this feels strangely odd. There are activist investors once again, there are board seats to be voted on…. So…..? + +&#x200B; + +# 🚀 Speculation Warning 🚀 + +I’ll probably get lynched for saying this…. But it’s my speculation that I don’t believe they’ll recall shares based on the current information available. Yes. A sad ending to a long DD. We don’t often have sad endings in DDs written about GME, but hey, it’s good to remain grounded. + +A lot of predictions/speculations on here don’t come true often because we’ve got tendie-glasses on, clouding our judgement. + +**The reason I believe this is**, based on what we’ve seen happen last year, there’s a good chance that BlackRock and co know that it’d be relatively insane to vote against this (some pretty average activists investors were voted in last time right?), so as per last year, why waste money for their clients through a recall? + +Saying this, we do not have the [proxy statement yet](https://news.gamestop.com/shareholder-services/online-investor-kit). So don’t go all doom and gloom on me with the pitchforks just yet…. + +\-------------------------------------------------------------- + +HAPPY EDIT: + +Also forgot about retail investors, yes - ofc RC being chairman is a reason to recall. This is not just about institutions. + +\-------------------------------------------------------------- + +There could be another non-voting related reason for institutions like BlackRock to recall shares, which is to fuck with the shorts…. But wouldn't you rather siphon money from them while they have money until the time they implode? If what we’re saying regarding DTCCs insurance policy is true, then they’ll get their tendies regardless while removing a key enemy? + +Okay, now you can prepare your pitchforks, I'll be hiding behind the barn… + +# Saying all this, take solace knowing that the shorts are still fucked, there's too much evidence that they are in the hole (and it's getting deeper). No matter what way you look at it. + +# This is just one of many catalysts they need to dodge. We after all only need to win once, they need to keep dodging them every single time. + +&#x200B; + +# 💥 Bonus Content TD TOS Update + +You may or may not know, but I wrote a [post](https://www.reddit.com/r/GME/comments/mdnph0/more_proof_the_115_billion_buy_order_was_real_and/) trying to debunk TD TOS “bugs”. I was wrong. So I went on a mission to try and figure out wtf they were. I spent hours reconciling volume to the glitch volumes to no avail. + +Luckily a smart ape based in the US helped out and simply got on the phone to tech support to discuss them. + +In summary, this was the convo. + +>*He said their technical team is aware of "the bug" in the total volume count in Active Trader; it previously occurred with futures contracts, and they're aware that "it's currently occurring with some stocks." Here's what they asked us to:1) Take screenshots throughout the day; they're not concerned with after-hours2) Send screenshots to* [*support@thinkorswim.com*](mailto:support@thinkorswim.com) *with a title like "Active Trader Bug - Excessive Total Volume in Binned Data"* + +Interpret that as you wish. And I stress that they’re interested in bugs when the market is open. Not after-hours (yes, that’s when we usually see them, I know…). So if you wanna help TD out, feel free to follow the above instructions. If you figure out wtf is actually going on based on any hints in the above, fucking reach out so I can peacefully sleep at night one more. + +Note: The legend who had the convo did not want credit, their modesty blows me away. + +**\*\*end\*\*** + +&#x200B; + +You may carry on stabbing me with your pitchforks. \*\*While I wail in pain *“Not financial advice, I’m just an ape”*\*\* + +**Please note, this post is purely meant to temper expectations based on historical activity and logic. Any counterfactuals and arguments you have, please share so this post can be improved!** + +# Conjecture Edit Room + +**Edit:** + +u/Bladeace has made some great arguments and logic which point in favour of a share recall from BlackRock. His TL;DR as follows, and comment link [here](https://www.reddit.com/r/Superstonk/comments/mpsrno/we_dont_know_if_blackrock_and_co_will_recall_and/gubv26d?utm_source=share&utm_medium=web2x&context=3): + +>This is the perfect time to cause the squeeze. If BlackRock doesn't do it now, they lose their best chance to be in control of the situation. This is a very volatile situation, being in control means a lot. The gains of waiting are low and the risk is high. I think they will recall. + +Just as valid and logical, great AND important to understand the positive perspectives as well! Thanks again u/Bladeace! + +&#x200B; + +**Edit:** + +Thanks u/serbeardless for linking [this](https://old.reddit.com/r/Superstonk/comments/mpp2yr/why_we_and_our_whales_are_waiting_for_the_dtcocc/). It delves into why LWs could be holding back until the DTTC put up the "firewalls" before they press the ignition button. + +Highlights an important fact that there are many different scenarios that could play out and this is yet another reason why we do not discuss dates of a squeeze. + +&#x200B; + +**Edit:** Off to bed, sorry US Apes - i'll return tomorrow morning to any questions and opinions, thoughts and conjecture to add into the above :) Love ya'll +What's your view on buying yes bank for long term, say a year. + +What levels would you expect in a year ? Also do you expect it to go low, offering a better buying price. +Any other recommendations for a long term stock. +As per article from Livemint ( [https://www.livemint.com/money/personal-finance/income-tax-implications-for-indian-investors-investing-in-the-us-stock-market-11599699981545.html](https://www.livemint.com/money/personal-finance/income-tax-implications-for-indian-investors-investing-in-the-us-stock-market-11599699981545.html) ), taxation on US Stock is simple and Indian investors should have a look at this option. + +But as per multiple posts on this sub-reddit the complexity on US stock is not worth the trouble for most of retail investors. + +Am I missing something or this article is too simplified? +Sorry for the long title, can anyone explain it to me like I'm five why China's economy is dropping it like it's hot? What are the core problems? I hear phrases like circuit breaker policy, and the government is artificially keeping their stock alive but I don't really understand it. What is happening? As a followup, can anyone explain how this connects to the problems with the American stock market in the last couple of days. +Trump recently said that Puerto Rico will have to get it debt wiped? How could this affect the region? Thoughts? + +Link : https://www.cnbc.com/2017/10/03/trump-says-puerto-ricos-debt-will-have-to-be-wiped-out.html +So in this post I’m gonna put myself in Ken’s shoes. Or the banks. Or the fed. Whoever is suppressing the price. + +This would be my last resort in an attempt to shake off paper hands. + +Make loads of posts in superstonk hyping up the crash, implying that we’re 100% gonna moon when the S&P drops and that GME always does the inverse of it. (Already happening) + +Then when the market crashes, I’d do everything in my power to tank GME to make it look like it’s crashing along with everything else. + +I’d then pump movie stock or another shitty stock to the max so that the price rockets like 200%. I’d let this happen for a week or so, keeping GME suppressed and hopefully declining drastically. I wouldn’t use short ladder attacks this time, as it’s too obvious, I’d make it look completely natural and fill the sub with panic posts at the same time creating mega FUD and panic. + +Then, I’d flip the narrative in the media to say, sell this stock (whatever stock I’m pumping) and buy GameStop. This is a great tactic as I know nobody believes what the media are saying about GME and apes continue to buy, so using reverse psychology I would fuck with their heads and tell them to buy GameStop, Quick! As it continues to drop. This would hopefully shake a few nervous holders off as they’re now thinking ‘wait, why do they want us to buy it now? Something must have changed? What if they’ve covered?’ The stock being pumped would hopefully then be bought since the media is telling people to sell it, people will think this is what they did with GameStop so this must be a new threat to them if they’re telling us to sell. + +Then, once a few people have sold, I’d start covering at a low price and blame it on retail buying GME, as this is what the previous article recommended to do. + +I’d then stop, and let it decline slightly ready for my new article . ‘GameStop continues to drop despite redditors best efforts to keep it up during the crash’. This would line up with the spike I’ve just created by covering. + +I would genuinely have fully fake articles published since I’m going down anyway saying ‘Ryan Cohen sells GME stake” to trick the smooth brains. + +Hopefully, after all of this, 30% of holders would’ve sold which I suppose is better than none so then I’d cover rapidly pushing the price to a point where the average investor would not buy, for example 5k and then let Marge do the rest of the work liquidating me. + +As we know, everybody here who’s holding and has been since January have been on a rollercoaster so i highly doubt this will work very well but in my personal opinion, too many people think the squeeze is automatically happening as soon as we crash and if I were in kens shoes right now this would be a perfect opportunity for one last Hail Mary. It’s a no brainier. + +****So remember, MOASS may happen wen crash, MOASS may not happen wen crash but happen after. Either way MOASS is inevitable so carry on buying and HODLING. Not a single thing has changed 🚀**** +I'm a cheapskate and follow the Financial Independence/ FIRE communities. Wife and I both 30 and doing reasonably well. + +We're having a baby early next year and I feel like buying for a new baby is like weddings: companies will tell you everything under the sun is absolutely essential, anything less than £2000 for a baby stroller is child abuse, and will take as much of your money as you're willing to spend. + +Is there a guide anywhere for the best/cheapest baby equipment? One that quickly explains what are the essentials, what we can do without, etc. and some suggestions according to budget/location +Hi all, + +Sorry if this is the wrong place to post this. I’m at a major crossroads in my life and I have absolutely no clue what to do. + +I’ve worked in retail since I was 18 and I’m currently a manager on £24,000 with a £1,000 performance related bonus. I’m 25 years old so this is great pay for my age and background. I have my own house and mortgage etc. I like where I work and I’m comfortable, got the scope for more promotions eventually, but it’s retail and I can’t see myself doing it for the next 40 odd years of my life. I don’t absolutely despise it just yet but it’s not the best either. + +I’ve just been for an interview as a recruitment consultant and I’ve been offered the job, however it’s only £17,000 a year, would earn up to roughly £20,000 in my first 12 months including commission and apparently it will take me two years to get back up to what I’m currently earning now and I’ll be 27 by then. + +I’ve done a lot of research around the recruitment industry and it seems great, fast paced, challenging etc and for the first time in my life I genuinely do not know what to do. + +Honestly, absolutely any advice would be amazing. Please help!! Thanks +From this link: http://www.politico.com/story/2015/06/obama-overtime-rule-wage-raise-119566 + +I see this change, if it goes through, will effect those like many of my friends who are store managers of neighborhood stores and fast food chains. + +For those that don't know, these places are part time employers with a 30 hour maximum unless you become management whereas then you jump to salary and work close to 50 hours a week for $450. + +I don't expect many of these employers to pay managers close to $1000 a week under the new rules so expect some changes which most likely would revert managers to hourly and maintaining a 40 hour week or paying overtime. This change by Obama seems to not have gotten much attention compared to minimum wage proposals. +I am thinking there are a lot of practical reasons for staying on a W-2 while retiring early. The perks with having employment is that there comes moments when you are asked for: paystubs, proof of employment, salary letter. It is also quite difficult for most people to wrap their heads around you are 'retired early' . I am primarily talking about legally, banks, for government related (such as immigration) stuff. There are tax reasons as well. + +My latest thoughts are to operate a small business thats an S-Corp and employ myself / send myself a W-2. The business would be legitimate and would be selling a lot of collectibles/vintage/art that I have acquired for many years and I would be on a decent salary as a Research Analyst or Art Specialist. Most of my FatFIRE comes from my investments / cashed out investments but I would issue a yearly salary to myself. + +Does this make sense or am I thinking too much? I honestly haven't seen it talked about. Does anyone do this or can they provide tips for keeping yourself "employed" while being FatFIRE'd? +Has anyone here taken out a loan secured against startup equity or your LP stakes in funds? If so, which providers and what were the rates? + +For context, I have around $20M-$25M across a number of startups and VC funds as of the end of Q1, most of which I'm still quite confident in. However, the time-to-liquidity is looking much further away now than it did at the end of last year. + +The way I look at it is that a loan for $2M-$3M that's secured against my position could be a good way to diversify and put in some downside protection. It does accrue interest that I'll have to pay back, but I could still own the long-tail upside if a company does well and grows at a higher rate than the loan interest. I'd probably invest this in some real estate and public market stocks over the next two years so I can build my post-startup asset allocation & financial planning. + +I think the key feature I'd look for is lenders who are willing to secure purely against either a single private asset or ideally a portfolio of assets. + +I'm very curious if anyone has done something like this and what the market for these loans is like. +I use Vanguard for my Roth and Robinhood for general investing. I want to move away from Robinhood and into another brokerage. + +Which do you guys use and recommend? + +I searched past threads and the latest thread was 2 years ago so figured this would be helpful. +*Edit 5:* Please ignore this post and go read the ReconAfrica DD posted on April 4th + +[**https://www.reddit.com/r/pennystocks/comments/mjzn10/reconafrica\_reco\_recaf\_indepth\_research\_on\_a\_high/**](https://www.reddit.com/r/pennystocks/comments/mjzn10/reconafrica_reco_recaf_indepth_research_on_a_high/) + +**It puts mine to shame** + +&#x200B; + +I would recommend everyone here take a couple of hours to look into ReconAfrica (OTC: RECAF). I posted about them to this sub a few months ago just before they were spudding their first well, but we were in peak renewable energy hype at the time, and few people were looking to get into oil exploration plays. + +**So who are they?** + +Reconnaissance Energy Africa (ReconAfrica) is a junior exploration company that has the exclusive rights to a newly discovered 30,000 ft deep sedimentary basin that lies beneath the Kalahari desert in Namibia. That Kavango sedimentary basin comprises *6.3 million acres* in Botswana and 2.45 million acres in neighboring Botswana. It’s virtually unheard of for a small exploration company to hold the rights to such a large basin. + +Why has the Kavango basin been missed for so long and how was it discovered now? The story of its discovery is actually pretty amazing, and you can listen to a video interview with the founder Craig Steinke [here](https://www.youtube.com/watch?v=8R1T7QwOnSQ). + +**How much oil is there?** + +Estimated reserves will not be known until the basin is fully proven and explored, but geologists are estimating the Kavango may contain **tens of billions to hundreds of billions of barrels of oil** (as much as the entire Permian basin in Texas). See the [Jarvie report](https://reconafrica.com/wp-content/uploads/ReconAfrica-Postulated-Petroleum-Yields-V2.pdf) if you’re interested in taking a closer look at the numbers. + +Bill Cathey, founder of Earthfield Technology, and one of the world’s leading geophysicists whose been in the business for 30+ years has said “Nowhere in the world is there a sedimentary basin this deep that does not produce commercial hydrocarbons.” So even in the worst case, it is still very likely Recon is sitting on significant oil reserves. But in the best case, if the Kavango lives up to predictions we could be seeing an upside of more than 100x. + +**What’s the timeline?** + +ReconAfrica has planned for an initial 3-well exploratory program before beginning JV/farmout discussions. They are nearing total depth for the first well (we should be seeing a PR about that coming soon) and will soon be moving onto their second well. Once the core samples from these wells are analyzed, and if they yield good news you can expect the stock to jump quite a bit. And if oil is hit, you'll be in for some crazy gains. + +**How does this compare to 88 Energy?** + +I’ve got a small bag of EEENF but personally, I’m more bullish on RECAF because the upside potential really is staggering. It's about 1/3 the market cap of EEENF with prospective resources that are 100x larger. At current prices, this will be insanely undervalued even with a small hit, and a 100+ bagger long term if the basin lives up to the predictions of the geologists. There's a very good [investor presentation](https://vimeo.com/480128335) from last November that covers the geology of the play and I highly recommend you take a look at it. Furthermore, from what I can tell from the investor forums, I believe owners of the stock so far have primarily been oil industry investors. We haven’t seen a retail spike in RECAF yet so I can foresee a nice bump as more investors learn about the company and take the time to put in serious DD. At these levels, I consider Recon to be a very strong investment to put 10% of your portfolio in, and a serious contender for an early retirement stock. + +**Tl;dr** The last remaining onshore sedimentary basin in the world containing potentially hundreds of billions of dollars worth of oil and petroleum equivalents, and it is owned by one small company that is currently flying under the radar. + +*Edit:* there's a sub too which I can't link here but you should be able to easily search for. + +*Edit 2:* For more detailed reading, here’s a nice article from the Oilprice.com editor who thinks this could be the most important oil play of the next decade. [https://www.yahoo.com/lifestyle/most-important-oil-next-decade-230000751.html](https://www.yahoo.com/lifestyle/most-important-oil-next-decade-230000751.html). It's from January, but it still does a nice job outlining the prospects. + +*Edit 3:* I also wanted to point out that if you're reading this now (as of April 1st) you are one of just a handful of people in the world to have discovered this stock and done serious DD on it. How do I know? That investor presentation I mentioned above which outlines the geology of the Kavango basin has only been viewed a few thousand times. Anyone who’s put real money into this stock has watched that video, and many people (myself included) have actually watched it multiple times. + +*Edit 4:* ReconAfrica is a Canadian company, so there isn't that annoying $50 foreign settlement fee everyone in EEENF got hit with. +I've seen all sorts of conversations on here about luxury cars or high end collectibles but I'm interested to know what your guilty pleasures are. Sometimes on UKPF it comes across that every spare penny ends up in Vanguard but I imagine everyone has at least one thing they spend money on for pure enjoyment. + +For me it's triathlon. My bikes, swimming/gym membership and running shoes don't really come cheap but it keeps me sane, is social and may be healthier than going down the pub and pissing £50 a week up the wall. + +Interested to hear what others are doing! +**TL;DR:** + +* **Legal & General, who was written as a rival of BlackRock in an FT article on the UK gilt/pension crisis, was one of the bigger institutional holders in GME in 2021** (more than likely loaning shares if had to guess). +* **Research paper points out that US behemoths like BlackRock & Vanguard own a bigger piece of the UK market than domestic UK companies like Legal & General. They can wield their balls around a lot more due to their UK shareholding/corporate governance power, which can help explain why BlackRock (a US company) was able to push for a "halt" in trading.** + +https://preview.redd.it/om1zqauv4uq91.png?width=1080&format=png&auto=webp&s=aa1c40a23455e9820675762c80600fc9cc737592 + +Some of you may have already seen this post on the sub detailing BlackRock halting trading on the gilt crisis that nearly crashed UK pensioner's accounts *checks notes* yesterday. + +It mentions Legal & General as one of BlackRock's top rivals. Knew that name sounded familiar: + +&#x200B; + +https://preview.redd.it/3g392cpd5uq91.png?width=1630&format=png&auto=webp&s=49b9c9ec76e13b9a87644471a56804b665fae636 + +This was courtesy of u/pwdwp90 for this find over a year ago. Legal & General (" a leading UK financial services provider, offering life insurance, pensions, retirement and investment services") was at one time one of the higher (highest?) institutional holders of GME at the time. + +&#x200B; + +[they are just above Morgan Stanley \(block trading anyone?\) and the swiss National Bank \(Fondue gang!\) but 50k shares underneath the fuckos at Wolverine Trading](https://preview.redd.it/u2ewpc8a6uq91.png?width=1443&format=png&auto=webp&s=a68496e8d17c414dc180e063d069db72f6e58c06) + +Also covered them brief in when I was digging into ESG scores: [https://www.reddit.com/r/Superstonk/comments/vibg7g/the\_whores\_at\_the\_ratings\_agencies\_pt\_1\_lies/](https://www.reddit.com/r/Superstonk/comments/vibg7g/the_whores_at_the_ratings_agencies_pt_1_lies/) + +&#x200B; + +https://preview.redd.it/p91vgruk6uq91.png?width=1064&format=png&auto=webp&s=eaabb95d9cd446893538a2a9693dd3950dca1ca9 + +>The UK has been one of the BIGGEST battlegrounds for this \[ESG fuckery\]. +> +>Alan Miller called ESG “Extra Strong Greenwashing” in the wake of Legal & General’s ESG China CNY Bonds UCITS ETF (long ass-fucking name I know). **Miller said that China’s background for what was included in this ETF in no fucking way met ESG standards**, and was warped through a process called “tilting” ("applies JESG issuer scores to adjust the market value of index constituents from the baseline J.P. Morgan China Aggregate Index"). (**Fun fact: Legal & General also holds GME. Who knows if they are loaning it...)** + +Barclays seems to run some pension plans through them as well: + +>The BPSP is a Group Personal Pension arrangement which operates as a collection of personal pension plans. Each personal pension plan is a direct contract between the employee and the BPSP provider (Legal & General Assurance Society Limited), and is regulated by the FCA + +You can see an example of their footprint in a sample pension plan below. Let's examine the (i shit you not) what's called the "Sanofi Pension Scheme": + +&#x200B; + +https://preview.redd.it/8wpc8t669uq91.png?width=879&format=png&auto=webp&s=b1a22a930e02c1bc101fa5507db91c719843be4d + +>In September 2021 the Scheme entered into a Buy-in arrangement to cover the Scheme’s pensioners with Legal & General Assurance Society Limited. This was funded by Gilts held in the Insight LDI portfolio and the agreed price was £756,055,842 + +You can see how the "gilts held" in the Liability Driven Investment portfolio link to the table above. **(Also, fun fact! This fund's custodian for the year was HSBC and Citibank's London branch.)** + +&#x200B; + +While re-digging into Legal & Genera, you can see an example of their Gilt fund (lol): + +&#x200B; + +https://preview.redd.it/egigzbp67uq91.png?width=1644&format=png&auto=webp&s=4ad8c2093904918791a196c16d5b1f55bda02736 + +Finally, perhaps more interestingly, this research paper (" Under new management Share ownership and the rise of UK asset manager capitalism ") detailing changes to how assets have been managed across the UK: [https://uploads-ssl.webflow.com/5e2191f00f868d778b89ff85/60e7020a420de46f4022ff3e\_CW\_AM\_First%20Paper%20v4.pdf](https://uploads-ssl.webflow.com/5e2191f00f868d778b89ff85/60e7020a420de46f4022ff3e_CW_AM_First%20Paper%20v4.pdf) + +&#x200B; + +https://preview.redd.it/ff41cwvw9uq91.png?width=571&format=png&auto=webp&s=8934139cd711d45985a4cba4f3605f585d89c64e + +>Interestingly, while in 2000 the top 10 shareholders in the FTSE350 controlled a similar total fraction of the index’s value), a significant change has taken place within this cohort: in 2000, the ownership of the top 10 was relatively evenly distributed, **while today, just two investors - BlackRock and Vanguar**d - together controlled an astonishing 10% of the total value, endowing **these two US-based passive investment giants with a uniquely powerful position in UK shareholding and corporate governance.** + +So two US giants Vanguard and BlackRock, who we know just had the fucking power and balls to shut down gilt trading, did so, even MORE than homegrown UK companies?? WTF! + +>**Another notable change in the composition of the top shareholders is the prevalence (or lack thereof, in the case of 2020) of domestic UK firms as top investors (Aviva, Legal & General, Schroder, Prudential, Standard Life Aberdeen) – an ‘internationalisation**’ that is echoed in the ONS national shareholding data presented in Figure 1. According to Factset Ownership, the 'internationalisation' of shareholding is also related to the size of the corporations in question, with higher market capitalisation firms having the lowest UK-based ownership. + +&#x200B; + +https://preview.redd.it/opaf06ucauq91.png?width=655&format=png&auto=webp&s=245b49e4bd12c94372075b6f5a3782e2d4e84917 + +Hmmm...what led to their rise? + +>**The final observation relates to the diversification and indexation of the largest shareholders** ***(BlackRock, Vanguard, etc.)***. +> +>**The idea that large, institutional shareholders make informed bets, investing in some companies but not in others, is increasingly at odds with reality.** +> +>**The most important reason is the rise of index and exchange-traded funds (ETFs), and the fact that BlackRock, Vanguard, and State Street have effectively cornered this market.2** + +What a ballsy fucking statement: arguing that these fuckos aren't smart money or "making informed bets" but literally because the entire index and ETF fund market which we all know is a fucking sham (XRT anyone?) + +&#x200B; + +If I find any more interesting Legal & General stuff, will lyk, still digging. + +&#x200B; + +EDIT 1: Not directly related but has any US ape across the pond seeing this? Saw it myself on stateside TV...Blackrock Is doing ads for pensions recently its airing trying to put themselves in a good light + +[https://www.pionline.com/money-management/blackrock-debuts-ad-campaign-burnish-image-it-faces-esg-scrutiny](https://www.pionline.com/money-management/blackrock-debuts-ad-campaign-burnish-image-it-faces-esg-scrutiny) + + + +>BlackRock, facing political scrutiny over its stance on environmental, social and governance investing and its outsize influence in business, is on a mission to reintroduce itself to Washington. +> +>**On Monday, the world's largest asset manager is launching an advertising campaign in the U.S. capital dubbed "About BlackRock" — to emphasize how it helps investors, including by managing retirement plans for more than 35 million Americans.** +> +>... **As a top-five shareholder of almost every company in the S&P 500**, BlackRock regularly faces pressure over its votes during annual shareholder meetings. + +&#x200B; +The hedge funds are artificially lowering the price by not letting people trade. When there's no volume they can buy/sell at any price and that is the price that will show up as the current price. Even if only a single share was traded. + +This is basically The People VS Hedge Funds. + +I'll be buying shares as soon as it's possible. The billionaires can sell their mansions and live in a normal house like the rest of us. + +Fuck them. +Veteran apes may know, but I’m sure we have new apes in the fold. We need to get back to basics. + +Don’t paperhand by mistake and get left behind, remove your stop losses. + +Hedge funds will undoubtedly be hunting for stop losses to knock you off the rocket. Don’t get left behind 🚀🚀 +http://www.coindesk.com/gaw-zenminer-8-million/ + +Last night, I was reading the above article and saw a bunch of comments that basically question the validity of the statements made in this article, specifically whether or not the new GAW hosted miner is actually mining. + +So, I decided to post as well, and posted the following: + +http://pastebin.com/7mZAXAu0 + +This afternoon, I check the article again, and none of the previous posts exist anymore. + +------------------------------------------------------------------ + +**Edit**: It appears they have placed my comment onto their site now. However, other people's comments are still gone. +RE prices have shot up in many markets, so im curious as to what RE investors are upto in this sub, are you still buying real estate or where are you putting $$ for the time being if not? + +Im in a major city in Canada, and 93% of my portfolio is split across residential/commercial properties around the city with the other 7% being in indexes in RRSPs. I sold off my least favorite residential property which appreciated 50% in the last 2 years and got an amazing deal on a retail commercial unit, however it was a distressed private sale I had to close quick on with all cash, and later I refinanced low 6 figures out of it @ 4% which I am looking to put somewhere but good deals are becoming increasingly hard to find. + +I was thinking of finding older houses with good lots to redevelop in a couple years but i've gotten outbid on the last 4 houses I tried to bid on way beyond what makes sense. Condos in my city either break even or are cashflow negative currently, but I believe there is potential for appreciation due to the rise in materials/land value, and the price of condos has only increased around 5% since covid, while materials have more than doubled, and other detached houses have gone up like 30%+, and this is the only sector of housing that is affordable for new buyers but I am still debating if this is even the right move to make. \[All new pre-con condo projects are building at 1400-1500psf, while resale is currently at 1k-1.1k, and was higher pre-covid\]. + +Any suggestions would be great, thanks. +I'm looking for private jet solutions for a ~4-6h flight within Europe and was wondering what would be the best solution, in terms of flexibility and costs. + +Basically, I know there are the following + +* charter solutions, basically, one time flights, fixed costs + +* membership/card solutions, such as NetJets + +* ownership or variations thereof + +And now I'm wondering what would be the best. +I'd estimate there won't be much need for private jet flights, at most 2-3 times a year, and always relatively short flights. + +What would you recommend? Which company? +Apologies in advance if this is off-topic. + +I'm well aware of the cautionary tales of using funds/wealth managers vs. sticking to passive index fund investing. In fact, aside from the "fun money" part of my overall portfolio, the core of my portfolio is invested in much the same way as you might see in a Wealthfront account. All that said, I'm opening the private bank accounts as we speak and I'd like to know if I'm missing something. + +First, some context. Reasonably speaking, my wife and I are both young (34-35 y/o), self-made high-earners. I'm an entrepreneur/CEO with an engineering background and my wife is a doctor as well as an entrepreneur in her own right. For these reasons private bankers have been interested in working with us; but more recently, I had a liquidity event that earned myself and my two business partners eight figures. + +Over the last few weeks, a couple bankers from one of the most reputable firms in the world whom I met over a year ago have proposed an arrangement that seems to me to be a no-brainer. + +First of all, they are going to let me move all of my assets over, but instead of charging me the 1% management fee on the entire portfolio, they are going to break 20% out into an account that they manage for me, and I only get charged the fee on that single account. Meaning my effective management fee is 0.2%. + +Second, this relationship allows me to unlock some incredible features/products and rates that I haven't seen elsewhere. For example, I receive a line of credit open against the assets (line size is about 65-75% of total assets depending on risk profile) at a rate of LIBOR + 0.83, meaning I can keep my assets invested and still stay liquid by borrowing a huge sum at an incredible rate of 0.94%. + +Other products include syndicated access to some of the highest-grade private placement opportunity zone deals, private equity funds, and real estate funds. These are funds that typically have minimums in the tens of millions and reliably produce annual returns of 15-20%+. + +Finally, in terms of general borrowing, the bank takes a very holistic look at who I am. So, for example, if I found a new company, they are happy to combine personal and corporate balance sheets for lending purposes. They also have extremely creative structures to enable seamless real estate financing, whether residential or commercial. They write their own paper so don't have to conform to Fannie Mae/Freddie Mac rules. Right now they're quoting me a 2.8% 30-year fixed to refinance my $1M mortgage on my $1.5M house (of course the other option we're talking about is just to use the 0.94% line of credit!). + +All things said, my position at this point is that paying the 0.2% and allowing them to actively manage 20% of the portfolio is worth it to unlock these other products. The credit line alone is so powerful I feel like I unlocked a new weapon in a video game. + +Am I missing anything or would you proceed as well? +Assuming we’re all on this board, we have some knowledge of index funds, low cost investing, retirement planning, and tax strategies. Given these conditions, does it ever make sense for YOU to hire an FA? + +It’s a trillion dollar industry so if course there’s value, I’m curious though, if the only people that choose to be clients are simply under informed of their investment options, or if there’s a large % that have information and still choose to work with an FA. And would love to find out WHY that is. + +Thank you! + +The one solution I’ve come up with in my head is a fee only advisor, where you can play a flat fee per session. (At retirement, a few years before, etc.) +Stimulus can't stop a virus. + +If you aren't already riding puts and seeing red, tomorrow might hit 300, who knows. But the tide is coming in and no amount of reasoning or bullish sentiment is going to change that. Wall St. won't believe it because they have been riding an 11 year wave. They literally have no memory of a downturn. + +Trust the many, many, MANY reports of how this spreads and the estimates about the U.S. spread. This shit is going to erupt within two weeks and then writing will be on the well. Don't panic sell like an idiot if you don't need to. +I've been getting debt collector calls from this company called Frost-Arnett for a few months now and apparently they are trying to collect a debt that I owe from a hospital stay I had last year. What's strange about this claim is that I had insurance during the time of my hospital stay. My insurance company has itemized all the charges from the hospital and they paid for all of it except for the $70 that they just sent a letter for. + +Frost-Arnett, on the other hand, is asking for $2,416 and I have no idea where it's coming from. I recently asked for proof of the bill and they sent a list of charges that doesn't align with what I have on my insurance account and they got the total amount wrong. + +Is this totally fraudulent? Does anyone have any idea on what I should do next? + +Addendum: I'm a 22-year-old college grad who knows nothing about finances or debt collection. I just wanted to add that because I'm incredibly uninformed this debt is making me anxious. That's why I sound so unsure about everything. + +Edit: The letter that was sent in response to my verbal response for debt verification was sent from a P.O. Box rather than a physical address. Does this count as the company's address? +How can I position my family's finances to best take advantage of student aid options and the FAFSA equation? + +On the savings / 529 front... kids are 5 and 2, grandparents started 529's (and do a 2:1 match up to $1000 from me / $2000 from them per year per kid). So we have funds of approx $17K and $7K at the moment. And I want to keep saving aggressively. But should we stay the course on this plan, or should I start my own 529 and ask grandparents to contribute to my 529? I ask specifically because I've read that grandparent 529's are great because they don't count against you on FAFSA... until the year after you first use them - at which point they actually count against you WORSE than if it had been a 529 I started. So I guess that means, kids can apply as incoming freshman and look great on FAFSA, but as soon as we pay their freshman year with grandparent 529, year 2 recalculates and all of a sudden we're worse off? So I'm wondering, can I get past this by eating 1-2 years on the front side, try to pay as much out of pocket, or max the student loans for the first year or two? Then just pay years 3-4 with grandparent 529? Or should I ask them if we can flip it, start my own 529 and have them contribute to mine (with the goal of the new fund being for years 1-2), and the existing grandparent 529 for years 3-4? + +Other relevant / side-questions... I plan to have my mortgage paid off before the first kid goes off to school. Is that a good idea? I mean, in general I like the idea of paying off the house nice and early in life, but will that screw me on FAFSA and make us look like we have tons of disposable income to pay the school? Location if relevant... we're in NC, grandparents started fund while they were also residents here (now live out of state). + +*Edit for the archives:* + +I ended up not being able to participate in this conversation as much as I had hoped, apologies for being a shitty OP. I think the takeaway I'm getting here is that grandparent 529's don't count against us until we actually *use* it, so my theory about trying to wait and use them in the later college years is accurate. I'll probably stick with it only because the grandparents have offered to double our contribution, and I don't think they would contribute directly to a ROTH. Although I will ask, as [this article](https://www.nerdwallet.com/blog/investing/roth-iras-trump-529-plans-battle-education-funding/) in particular resonated with me... use a ROTH for retirement, but you can take withdraws (in some circumstances, like college, just the principle) without penalty. That seems to allow a lot of options, I have one, but I can more aggressive plan to put money there. Anyway, thanks for all the great commentary! +I'm currently 19, I'm a full-time student, and I'm still living with my parents. I've just recently heard about Roth IRA and it's been a big eye-opener to just how ignorant I am. Are there any basic financial planning advice or things I should know at this stage? + +For example, programs or special accounts like the Roth IRA that will make a significant impact on my future that I should start doing now. Like I mentioned, I'm completely lacking any knowledge whatsoever about finance and I want to change. Normally, I'd google the things I don't know but since I don't even know what I don't know, I have no clue where to start. + +I wanted to reach out to you today under the guise of a throwaway account as I have friends and family that are familiar with my original username that I did not want exposed for confidential reasons. In 2002, before he passed away, my grandfather left me $150,000 in a professionally managed Wells Fargo brokerage account. In the 16 years since it’s inception it has grown from $150,000 to $286,000 YTD. This is about a 5.2% increase. The professionally managed account has a 2% management fee which, over the 16 years since it’s inception has added up to roughly $50,000 in management fees. + +Up until now, I have not had access to the account as my grandfather made it so that I could only access it once I turned 25. Tomorrow I will be turning 25 and can do what I want with it. I am very much into personal finance, financial independence and investing and over the years I have read many books and discovered that the return rate I have seen on this particular portfolio is atrocious. + +As I am gearing up to move the money away from Wells Fargo and into Vanguard I have done some research and discovered that had the $150,000 been invested into VFAIX (Vanguard Financials Index Fund Admiral Shares) I would’ve seen a 285% return rate and grown the portfolio from $150,000 to roughly $481,016.52. Furthermore, if the money had been invested in any of the following index funds, SPY, DIA, or VTI, I would’ve seen a minimum return rate of 209%. I am not looking to do anything extreme with the money I am getting. I would likely shift it into Vanguard and have it diversified amongst a well blended portfolio for aggressive growth with minimal fees. +With that being said, I am not a professional and would need assistance in re-balancing my portfolio every once and a while and perhaps need assistance in selecting a blend of ETFs that would be good for aggressive growth. All things considered, I am very, very nervous to do all this as my whole life my money has been managed by professionals where I’ve felt secure and well taken care of. It wasn’t until I became more financially literature that I discovered that I could potentially be doing better in diversified ETF’s and vanguard mutual funds. On a side note, my dad also told me that keeping the money with Wells Fargo is good because then I will be better off when time comes to get a loan for a house. + +As of right now I have a steady, secure job where I earn $100,00 a year and receive a $29,000 bonus at the end of the year. I currently am maxing out my ROTH IRA and my 401k company matched program and own 40% of a home in southern California where I currently reside. The other 60% of the home is owned by my father where he contributes to 60% of the mortgage. + +After having read all this, what do you guys think is the best route to take? Keep it with the Wells Fargo Advisors, or move it into a Vanguard account where I independently manage and rebalance by myself? If you were me, what would you do? + +Thank you all for your advice and help. This is a very big day for me as I am excited, but also very torn on what to do and very nervous. +Tl;dr – grandfather left me $150,000 with wells fargo advisors to be professionally managed. In it’s 16 years since inception it has grown to $286,000. This is a 5.2% growth, which I find to be atrocious. + +Looking for advice for my husband and me. We're both in our late 20s, dinks (dual income no kids). He's an engineer, I work for a non-profit. Together we make about $145k a year plus he gets a sort of bonus that can end up being 10k-30k more depending on the year. So $160k/year give or take. We live in a medium-sized city in the midwest so overall expenses aren't too bad. No kids now, but hoping that will change in the next year or so. + +As far as debts, we're lucky that we don't really have any aside from our house that we bought for around $150k. We don't have car loans but have 2 fairly crappy vehicles the nicer one being an older camry with almost 190k miles. No student loans or credit card debt. + +For assets, we have close to $250k in our retirement funds and about $30k into our house. We have maybe $7,000 in cash but that's about it. We know that we need to have more accessible money saved and we're working towards $20k as an emergency fund. We do have issues spending money frivolously and are working on budgeting better. + +Any advice for us? Things we should be doing differently? What you would do if you were in our shoes? +I live at home right now, which allows me to save some money and put it towards investing for the future. I am very new to investing and I am wondering if there are any resources for learning how to invest or best places to put the money that I have saved. Thank you! +Hey all, + +Googling doesn't seem to give a clear answer on this. Are there downsides to using a bond fund as a short term (1-3 years) saving account? At it's highest (for me), my Ally HYS was 1.98%, but now it's like .6%. Would using a bond fund be a reasonably safe way to regain some interest generation? +So firstly, hi! I (M32) am completely new to finance and handling $ over 4 digits. + +&#x200B; + +I have been told that I'm getting a quarter-mil USD inheritance once I turn 35 in 3 years. I can't directly use the money before then, but the executor is asking where I want the money invested/held until it's transferred to me. It would more than wipe out all of my debts and have me good to go on almost any new path I wanted. I like my lifestyle now and wouldn't want to change it no matter how much money I have when all is said and done. + +&#x200B; + +My short term goals (3 years) for the money are to beat inflation and prepare ways to avoid paying out the nose when I get control of it (I am in the US). + +\-The executor and I are both wary of the stock market; I don't want to be glued to the ticker and the executor is keen on keeping money in relatively liquid vehicles. I'll be preparing suggestions to send to the executor for banks with deposit bonuses and HYCAs. Any suggestions? + +\-To avoid income/gift tax, would one way be setting up an LLC, having the money owned by the LLC, and I simply be put in charge of the company? +Hey all, + +Googling doesn't seem to give a clear answer on this. Are there downsides to using a bond fund as a short term (1-3 years) saving account? At it's highest (for me), my Ally HYS was 1.98%, but now it's like .6%. Would using a bond fund be a reasonably safe way to regain some interest generation? +Hello! + +I find myself in a strange situation where I am a dominatrix for a sub, who is wanting me to financially dominate her (as well as other ways). + +We've agreed she will send me money as gifts to her master, and I am considering having her set up a standing order to do this. All her finances will be taken into account, so we're making sure she will be financially okay, despite our fun. + +My question is, what tax implications do I have with regard to this? + +Do I need to pay tax on the money she gifts to me as part of the Dom/sub play? Would it change if it's a standing order, and I receive a regular amount a month? +So don't go fucking broke. + +There's a lot of new people here, and a lot of young people here, and on online forums lying-as-memes gets taken seriously by the naieve and the stupid. So even though I'm a super fag for writing this gay shit, I'm going to break it down for you how you can increase your risk-taking. It's by being financially secure in 4 steps. Then you can blow whole paychecks on SPY calls. I've clawed my way out of legit stealing-electricity poverty and this is how you stay out. + +1) Get a 1.5% cash back credit card, put your expenses on it, and here's the important part, *pay it off every fucking month so you don't pay interest.* This will give you like $400 bucks a year plus sweet perks like fraud protection and sometimes insurance. + +2) Bundle your insurance for cheaper rates. + +3) Put 3-6 months worth of bills in a fucking ALLY HIGH YIELD SAVINGS ACCOUNT. You FUCKING CUCKS joke about that shit all the time but when you smash your fucking car and need to get to work for a week, Robinhood will not be forthcoming on the bank deposits. + +4) Start a ROTH *401k because tax rates won't get better. Ideally you max this bitch out with employer contributions but we want to leave money for TSLA losses so go for at least 2k a year. EDIT: TO CLARIFY, Let your the fucking investment company handle this account. Don't look at it. Don't touch it. Check it twice a year for 30 years. Do a growth stocks mix if your're young, switch it to more bonds when you're older. Don't be the two retards in this thread with options enabled who treat this shit like a 2nd TD Ameritrade account. The account manager will do a healthy mix of growth stocks and other shit and you'll have a cool mil when you retire despite your fuckups here. + +And that's it. Do this, THEN lose on options. This will keep you out of the god damn payday loan shop. You can keep eating chicken instead of peanut butter. + +More importantly, you can take riskier plays because you're not worried about losing the money you need for fucking rent. +Okay. 2/3 weeks ago me & my boyfriend were on the verge of breaking up. I found out I was pregnant. I knew I didn’t want to keep it because it wasn’t the right time. We face financial issues a lot, but eventually I let my boyfriend guilt me into keeping it. I’m currently 8 weeks & miserable. The sickness got so bad to where I couldn’t go to work bc I worked outside in the weather! Temp 95 degrees. I couldn’t miss anymore days so I just had to quit in all. I know for sure I am not going through with this pregnancy anymore. I am sick to the point where I am in bed all day and cannot get anything done. The problem now though, I had to quit my job now I have no money for abortion and my boyfriend told me he would not help me. I went to my first appointment for abortion before I quit & paid $200 and to get medication for abortion I would have to pay $500. Is there anything that I could try that actually works? eliminating pregnancy myself, abortion funds, cheaper medication for abortion etc. ?? +I’m am in Tennessee & Mississippi. +This analyst has been against GME since 2020. I'm guessing when BofA wanted a piece of the pie and started shorting the analyst did his job. + +Sorry about the source - [CNBC](https://www.cnbc.com/2021/06/04/bank-of-america-analyst-throws-in-the-towel-on-meme-stocks-says-fundamentals-are-not-driving-shares.html) + +&#x200B; + +https://preview.redd.it/2dpotap4a9371.png?width=1116&format=png&auto=webp&s=db5df730c5828aa527dde2a5c747ebd66915aadf + +This dude has been shitting on GME for a while but I guess since now the price is higher he "Throws in the towel" ? + +&#x200B; + +https://preview.redd.it/38od2vp9a9371.png?width=680&format=png&auto=webp&s=9977db3a119f0a7b911e202aedc0015756a53bf9 + +&#x200B; + +https://preview.redd.it/l3amhz5ba9371.png?width=693&format=png&auto=webp&s=6fba3014edb32e07f4f8a07479e5cf8da7f3249b + +Oh yes, this is because the retailers are manipulating the price right? /s + +Fuck off MSM, I just thought I'd share because all of the Negative MSM news just further confirms my bias that we are right with our DD. They never have counter DD or anything constructive or factual that proves us wrong. + +I'm also a firm believer that this FUD isn't to stop us but the average non-redditor . Apes hold and we know the drill. But they will just keep suppressing this as long as they can to keep "outsiders" blind to the situation. + +Literally everyday we uncover something and its insane to see this shit unravel. Everything is like clockwork and I can't wait for a well written and casted movie so the people I care about have an easily digestible way to see what us apes have endured. + +Buy . hold and obviously vote if you haven't! + +Enjoy your weekend after today, don't get overly hyped on the 6/9 dates and stay safe! + +Edit: adding this guys meme LOL - [https://www.reddit.com/r/Superstonk/comments/ns8nea/nonfudamental\_factors/](https://www.reddit.com/r/Superstonk/comments/ns8nea/nonfudamental_factors/) +I'm seeing this asked at least 3 times a day in this sub. This is mostly for you first time tax filers with W2 jobs and standard deductions. If you're filing anything besides a 1040EZ, this may not apply to you. + +The formula for your tax return is as follows: + +[Your 2014 tax liability](http://www.forbes.com/sites/kellyphillipserb/2013/10/31/irs-announces-2014-tax-brackets-standard-deduction-amounts-and-more/) - the amount of taxes taken out of your paycheck during 2014 = your remaining tax liability. + +If that value is positive, you owe the government money. If that value is negative, the government owes you money. + +If that number is not very close to zero, you should [adjust the withholding on your W4](http://www.irs.gov/Individuals/IRS-Withholding-Calculator). + +**EDIT: Yes, there are tax credits and special tax situations and interest deductions all sorts of other things. That's not who I'm talking to here, because if you have one of those situations, you already have a greater understanding of your taxes. I'm talking to the people who come in here filing taxes for the first time, have one W2 job, and are taking a standard deduction, and then ask "Did I not make enough money to get a refund?".** +Literally just what the title says. I get it if you have to pay an absurd fee to DRS, but if you don’t, you have no excuse. These brokers have proven time and time again that they will screw you every chance they get JUST BECAUSE THEY CAN. If it doesn’t make them money then they don’t care. + +Quit making excuses and just freaking do it. The people who don’t will be the ones that end up biting the dust. Your broker doesn’t care about you. If you have the ability to nuke the people that need what you have, what makes you think that they won’t do everything in their power to screw you over? + +Another thing. We’ve had the ability to end this since the beginning with DRS. The only problem is that we haven’t pressed the button yet. + +Want MOASS to start next week? DRS your freaking shares you dumb dumb. All of them. +hello everyone so recently the apartment building my mom lives in has been purchased by a new landlord, now this building has been sold multiple times through out the years with no prior problems with previous landlords drastically increasing rent. My mom has been living in this building for over 20 years and right now she's paying $1,050 a month in central Jersey. This new landlord lets call him "Bill" wants to increase the rent $250 more. For the past 3 years my mom hasn't had a lease contract even to this day. But now Bill wants her to sign the contract and now pay $1,300. To my understanding and I could be incorrect but isn't the rent per year only go up 3% to 5%? + +The conditions to the apartment haven't improved nor do they bother to improve quality of living, we are stuck on what to do, I don't know if we should fight this or bite the bullet and just pay the increase. We've been threaten to be locked out of the apartment if we don't pay the increase and sign the new lease contract. Are we in the wrong? or should we fight back. Thanks everyone for reading, any feed back would be helpful. +I've posted this in r/Economics and r/Askreddit, but nobody ever replied. Trying my luck here. Any insight would be much appreciated. + +**EDIT:** Finally some answers. Thank you everybody for these VERY enlightening comments. +Americans are primed to reject everything labeled as socialist unless it benefits their wallets directly. As I am sitting here listening to the news, many Americans across this nation are already salivating at the prospect of receiving a $1000 check from the government for doing no work. Meanwhile, Bernie Sanders’s campaign to introduce socialist programs that would have a pervasive but salutary impact on people’s livelihoods is facing an uphill battle. For a society that boasts of been world class, we are really moronic when it comes to our own wellbeing. +Example: + +Your password is "Hunter2" + +You could successfully log on with + +HUNTer2 + +HuNtER2 + +hunter2 + +HUNTER2 + +hunteR2 + +etc etc etc. Chase doesn't salt their passwords, so you should change your password to Hunter@2!? or something like that to make sure you have an ACTUALLY somewhat complex password. +We do not do dates and we do not do weeks as well. Just wait, we have all the time we need. It will happen inevitably, but getting your hopes up for a certain time period with $GME is simply retarded. +It will be evenly distributed + +The volatility will be too low + +More importantly it will provide some breathing space for bitcoin's development +- Segwit adoption +- Lightning Network + +More importantly most of the guys who are in for just making money overnight will be out of the system. +You do not have significant retirement savings to lose. Any money you invest during a crash will produce outsized returns in the future. Anyone who has monthly savings should be buying diligently during the next year. You can't time the bottom. + +Edit to say: yes, as long as you don't lose your job. Your milage may vary based on your profession. +A few weeks ago, I put my eyes on XOM. It was $37. Now, it is $43 + +I didn't buy because I don't have any investing/trading experience and I didn't want to play around with my savings. However, now I see it'd have been a good buy. At least, in the short term. + +The way I saw it, oil companies were suffering the sum of two turmoils; their own price war, and the global CV crisis. During several weeks, I paid attention to some oil stocks (United States Oil Fund, Petrobras, Exxon Mobil, Total, and Chevron). XOM was the one that had dropped the most, and also the one that had shown the most stability in its price during the past five years. Between 2015 and 2020, XOM had always been between $68 and $90, while the rest of the stocks had higher levels of price fluctuation. + +That made me think of XOM as a strong, solid company; and made me think of them coming back up to their $70-$90 as something very likely. However, many questions raised in my head; what's their long-term strategy? Are they ready for the renewable energy transition? What´s their cash situation? How important is it when it comes to long term investing? How many years should I be talking about when I say "long term"? Two, five? + +I am sharing these thoughts with you because I'd like to know what your thought process is, and what your sources of information/education are. + +Thank you very much for taking the time to read this. +Hi, so I work for a bank in the PL area. And I see people who have a lot of savings getting a PL. + +I don't understand why you want to get a PL, pay the interest fees and everything when you can use your savings? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[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 your 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +He told me that the tax benefits of salary sacrifice aren't really effective until you can drop in to the next lowest tax bracket. But I thought we had progressive tax brackets, and that all that matters is the amount you choose to sacrifice. + +So my understanding is that if I sacrifice $5,000, my taxable income will be lowered from $77k to $72k (excepting things like concessional tax rates) and I'll pay $3,572 plus 32.5c for every dollar over $37k. But he told me there's no point tax-wise unless I can get down to the $37k bracket. + +Is he correct? For context, he works for the super fund my company uses so this was a free appointment. +So the time is here.. Attorney General National Security Division has served the Bitconnect shillers and court date is right around the corner.. Wonder how this will go? + +[Trevon James Court Date!](https://www.youtube.com/watch?v=A2ewFbRbi4Y&t=788s) + +[Craig Grant Court Date!](https://www.youtube.com/watch?v=QV0xd-7-Yjk&t=38s) + +WHATTTAMMIGUNNAHHDOOOOOO! +You all know that jiasule, which is a very little branch of Baidu, paused Bitcoin a few days ago, Yes? + +Now I tell you, hao123.com, which was bought by Baidu and have about HALF traffic of baidu.com, now added a link of bitcoin at its homepage and built a special section as www.hao123.com/bitcoin/ ! + +My friends, do you know the price you should pay if you want to put your website on the homepage of hao123.com? more than 10,000 USD per day! + +This time, the price of bitcoin is going to MOON! +# DAILY DISCUSSION LINK BELOW + +[**You can find the daily discussion here**](https://www.reddit.com/r/Superstonk/comments/qtlx63/gme_daily_discussion_new_to_the_sub_start_here/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------------------------------- + +So, you may already know - we fucked up the post flairs. + +No, not on purpose. We assumed editing the flairs would backdate the old flairs and not fuck up filtering (the button says “Edit” after all...). It did not. RIP. Lessons to takeaway, don’t trust Reddit functionality and test everything on a test sub first. + +As I said to some users, I'd have an update at week end on rectifying the situation after spending the week investigating options with u/Platinum_Sparkles. + +# Reddit uses different filtering methods for Mobile and Desktop + +You may recall that filtering magically disappeared for mobile a while ago (it was not the mods), Reddit changed how filtering worked - which meant it was removed from the mobile app. You probably have the same reaction as I. Wtf? + +Mobile works off of old reddit filtering methods, and desktop works off of new reddit filtering. + +Some examples below on the differences for possible DD: + +New Reddit Filter (desktop): [https://www.reddit.com/r/Superstonk/new/?f=flair\_name%3A%22%F0%9F%93%9A%20Possible%20DD%22](https://www.reddit.com/r/Superstonk/new/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) + +Old Reddit Filter (mobile/old reddit users): [https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22+OR+flair%3A%22Possible+DD+%F0%9F%91%A8+%F0%9F%94%AC%22](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22+OR+flair%3A%22Possible+DD+%F0%9F%91%A8+%F0%9F%94%AC%22) + +&#x200B; + +&#x200B; + +[for r\/Superstonk](https://preview.redd.it/30f34sywkjz71.png?width=919&format=png&auto=webp&s=d09ce94cf5425934c3f18ca85d33a2def6c63967) + +Sadly, Reddit neglected the 65% who use mobile (on our subreddit at least, which is what the above is based on). So we’ve added flair filtering for mobile in the following locations for mobile: + +&#x200B; + +[\(Note, the menu filter are currently using old flairs - once changes occur we’ll update the links\)](https://preview.redd.it/irh06u19jjz71.png?width=934&format=png&auto=webp&s=78a3da0401e75547414a08c242aefee55059c7cd) + +These can be used on both mobile and desktop, but most importantly - they restore mobile filtering as they are based on old reddit filters. For those who use “new reddit” via desktop the filters are available as per usual in the sidebar. + +# Computershare Filters + +As part of the above as well, we’ve had feedback from people who want to filter through the “noise” created by CS posts to get to the meaty stuff. As such, we’ll included new filters which allow those people to filter out CS posts (after you upvote them of course 😉) in the sidebar. + +# The Re-Introduction of New Flairs + +You can find the OG post from u/Bye_triangle [here](https://www.reddit.com/r/Superstonk/comments/qe96t2/weekend_update_extreme_makeover_home_edition/) which first introduced the new flairs 22 days ago (as of writing). + +The “new” flairs as announced previously: + +* 📚 Due Diligence: For all DD +* 📚 Possible DD: Partial DD or DD that needs further validation +* 📈 Technical Analysis: For all posts that try to predict and/ or analyze movements in the stock using technical indicators. +* 🤔 Speculation / Opinion: For theories that don't have a solid foundation of evidence (it's possible that we see cross-over with the Possible DD flair) +* 💻 Computershare: For all the beautiful purple rings, DRS posts +* 💡 Education: For posts that focus on expanding understanding in a specific topic or concept +* 📰 News: For any and all news and updates. +* 🤡 Meme: For memes and the like +* 👽 Shitpost: For shitposts +* 📳Social Media: For sharing all the tweets this community loves so much +* ☁ Hype/fluff: For general hype posts + +(won’t bother with the mod only flairs) + +In addition to those we’ve added back: + +* 🗣 Discussion/Question: An important one as the intent of it is to spur conversation, honestly an oversight as it’s a key flair +* HODL 💎🙌: It’s apart of ape DNA, nuff said (originally intended to be in Hype/Fluff but it has a greater meaning than that) + +# But I Can’t Filter for the Old Flairs!!! + +Correct, you cannot. Our fuck up as mentioned before. We investigated and researched a few options to rectify this - sadly “reverting” back is not an option. We tried to do this as the first port of call, but Reddit’s funky fucking system does not recognise a new flair in the exact same text/emoji format as before for filtering (yeah - it’s been a pain in the ass, Reddit Admin - if you read this, please make post flairs more user friendly). We also looked at Including multi filters for old and new flair links, nope - it’s a mess and is just not an ideal experience (unless you’re using old reddit, which is a minority). + +The solution that we’ve arrived at, which I’ve written and tested on our test sub (yes it’s a thing now, so we don’t fuck things up again), is a bot that changes historical post flairs to match the new flairs which will resolve the whole filtering issue and essentially returns flairs to its “normal” state. + +The following are the mapping of the flairs \[New Flair\] ← \[Old Flair\] + +&#x200B; + +[\(Note AMA has been applied inconsistently, so I’ll be hunting them down and changing manually, also changed Due Diligence back to red background colour because it’s OG\)](https://preview.redd.it/ulor877ejjz71.png?width=745&format=png&auto=webp&s=face5f70942e959b894b1fddc510a21183860ce6) + +Looking at the above mapping, you may think - why the fuck change the flairs? If we knew it fucked up filtering when editing them, we would not have touched it with a 10 ft stick. As the majority of them were changing wording/emojis. Big oof. + +# Next Steps + +**Request for Feedback** + +The bot ***has not started***, I want to collect feedback beforehand. So shoot the shit below in the comments. Maybe there is an elegant solution that has slipped through in our research! + +**Mapping Old Flairs to New** + +Gonna approach this with caution (unless some genius Redditor points out a really simple solution) by starting with the least valuable flair's first. This is in case something goes wrong - it’s been tested extensively in the test sub and has been trialed out on top 10 all-time posts, however better safe than sorry (yes, the irony is not lost on me haha). + +These would be things like mapping social media, hype/fluff etc.. first before moving onto the flairs that are important; DD, Possible DD. This makes it easier to monitor, assess how it’s going etc.. better risk management really. + +Cheers everyone, thanks for bearing with us while we fix the hole we dug ourselves 😅 + +Thanks to those who helped us out and voiced their thoughts to guide us, in particular u/jkhanlar and u/bah2o \- who productively gave us help when it came to flair filtering links and ideas. Big ups and much appreciated. + +P.S. We're recording CS Part 2 AMA next week. We got the clarification questions and some more juicy ones loaded. [Find part 1 here](https://youtu.be/LVEJo87jejo). +After watching several interviews with Trevor Milton, I noticed that he engages in behavior that is similar to other fraudster CEOs, such as Elizabeth Holmes, Jeffrey Skilling, Adam Neumann, [Billy McFarland](https://youtu.be/UBPg5ftCMv8), etc. + +Almost every interview of his includes contradictory information. It would probably take an hour-long YouTube video to explain all of the instances, but I'll just go by a few here that you can watch yourself. A few quick instances first: + +* His company obviously copied Tesla by naming their company after Nikola Tesla, just choosing the first name instead. Then Trevor has the audacity to say that he can "out-Elon Elon". K, based on what? All of your past failures? + +* His company is a patent-troll. They sued Tesla for $2 BILLION, over something so incredibly stupid, and *expected* Tesla to pay out because "they have billions anyways". This is on the level of those people who fake-trip in a Walmart and sue because "they have billions anyways". It's trolling/sociopathic behavior. + +* Trevor said "they're focusing on products that generate revenue", which is why they got into hydrogen fuel cell (HFC) long-haul trucks. This was *completely contradicted* by their introduction of a pick-up truck, off-road 4x4, and a HFC jetski. Like, those are fun products, about 95% of customers buy those products for fun, not to make money off of. + +* He cashed out $70,000,000 in NKLA stock and purchased a $35,000,000 home before the company even sold a single truck. + +* Another thing that irks me: Trevor keeps saying "we want to cut emissions, that's our driving force" or whatever. He just bought a $35 Million house that uses WAY MORE emissions than a normal size house. And, it's way up in Utah, so he has to commute down to Arizona via air travel or more likely a private jet, which produces tons of emissions more than a normal person. This is like a "limousine liberal" personified. + +* [NKLA applied for a $4 Million PPP loan](https://youtu.be/v6htS_LUMtw), despite Trevor cashing out $70,000,000 in stock, and his company being worth Billions (on paper, but they still have a credit line). This interview is quite sociopathic, him coming up with excuses to justify taking $4 Million in loans for companies affected by Covid. + +* On numerous occasions and interviews, Trevor talked about their company being "vertically integrated", i.e. owning the entire process from design, to production, to hydrogen fueling. What's really happening is their trucks are being built by a company all the way in Italy (or Germany), and then shipped to the US. He also has no plans on building out the Hydrogen fueling infrastructure. The "renderings" they keep showing he says will only cost "$10-15 Million each". That's ridiculous, the renderings for his HFC truck-stops are massive complexes that take up tons of land. Yeah, that's okay for Arizona and Utah, but not in the urban environments where most Trucks operate. And if you only have HFC-filling stations on the outskirts of cities, they'll be busy all the time which will increase transit times and cost more money. It's not like a Tesla Charging station that can just be built in a parking lot or near a loading dock. + +* Videos of their "warehouse" are all empty. It's not like Tesla's Fremont plant where there are thousands of workers. + +* NKLA went public through a "reverse merger", which isn't always bad, but it's still a sneaky/backdoor way to become publicly traded and in my opinion is worth staying away from on that basis alone. + +* The terms of their lock-out period expiration are just ridiculous. Some people are becoming millionaires before anything has even been sold. All they did was photoshop a few renderings for a few months, and that's somehow worth millions?? + +* They don't even plan on having any trucks for sale for *years*. That means the next few years they're just going to be burning investors cash. Reminds me of DryShips, MoviePass, Theranos, etc. + +https://www.youtube.com/watch?v=6Qn2p3Lrn4A + +* Their "Badger" truck is nothing more than a rendering, and they're already accepting deposits for it?? That doesn't make any sense at all, it's *years* away from production. Their truck is nothing special compared to something like Rivian's or Tesla's, and both of those companies actually have working prototypes. + +* It'll be interesting if "Nikola World" even has a Badger Truck to show off. (Also, the name completely sucks) + +* He always sidesteps questions asked by interviews and twists the questions. She asked about them not producing a pickup truck, and then he says "Well we have made a truck, we made the world's most advanced HFC truck..." Yeah, not what she was talking about. + +* Anheuser Busch has made FREE reservations of about 800 trucks, but they haven't committed any money to the project. Anyone can go reserve a truck for free. Reservations ARE NOT sales, and Trevor talks like they're sales. That's what got Enron in trouble in the 2000s with their "Mark-to-market accounting" tricks. + +* In this interview, he mentions "fun" way too often. Not really sociopathic, just kind of weird. + +* They threatened to sue Bloomberg over the fact that their truck wasn't functional, which was true. If you haven't performed safety testing, then the truck isn't functional. People don't buy products without safety testing. That's why they're not actually following through on the lawsuit, because Trevor knows they would lose. + +* He uses the same logic as Elizabeth Holmes, when she would spout that bullshit like "First they say you're crazy, then they fight you and then all of a sudden, you change the world." Worked out well for her, lmao! + +* Why do they have such a big factory/warehouse space in Arizona, when their trucks are being "hand built" in Germany (wait, not Italy anymore??)? Also, hand-built means not an assembly line, right? He also continuously gets his dates messed up. In this interview he said they'd be beginning production within the next few months, [but in this article he says production won't begin until 2021](https://www.electrive.com/2020/02/07/nikola-tre-to-be-built-in-ulm-germany/). + +* [Why is he taking shitty vertical cell-phone footage of trucks?](https://www.youtube.com/watch?v=7C2LDmkEmP0) Can't he have other employees do that? + +* He talks about "tickets to Nikola World" like it's fucking Coachella or something. It's a company-sponsored event dude, no one gives a shit. Ooh, you get a $100 ticket if you put down a $1,000 deposit for a truck that's not going to be coming out for years?? What a deal! + +* That factory in Ulm, Germany he keeps mentioning? Right now, they only produce [fire trucks](https://en.wikipedia.org/wiki/Iveco), they don't even manufacture semi-trucks. So, uh, they're just going to convert from building diesel powered fire trucks to building electric and/or HFC trucks? Has that ever been done before ever? + +* [Trevor thinks that two days of reservations is enough to forecast an entire year's worth of reservations.](https://realmoney.thestreet.com/investing/stocks/i-ve-got-a-message-for-nikola-s-ceo-and-he-may-not-like-it-15365601) + +* In that article, he takes all criticism as "haters" or whatever, and not people who just want to understand what's going on. That's cult-like behavior, something to avoid in droves if you ever see it as an investor. + +* [Having a "Groundbreaking Ceremony" without actually being able to break groud.](https://twitter.com/nikolamotor/status/1280579352028012544) + +I could go on, that's what I've seen so far, and I'll probably keep updating this in the future. Result: I'd stay far away from this stock simply because they have nothing for sale for years, which is ridiculous. The CEO acts like a sociopath, and seems to embody the types of traits seen in other sociopaths who were engaging in fraudulent/vaporware products. They're just going to burn through any money that investors have added before delivering anything. + +Edit: As mentioned in the comments, Trevor Milton isn't even the CEO any more. That job has been taken up by [Mark Russell](https://www.forbes.com/sites/alanohnsman/2020/06/12/nikola-stock-surge-turns-ceo-mark-russell-into-hydrogen-truckmakers-second-billionaire/#2acd467c31d8) who was the former CEO of Worthington Industries, a metal manufacturing company. + +https://en.wikipedia.org/wiki/Nikola_Corporation + +Edit: Update, banned from /r/nikolacorporation, lmao: https://i.redd.it/jv61sp70r8c51.png + +Edit: Another point is that it seems like Nikola thinks the Diesel trucking industry is just going to roll over, die, and replace all their trucks with Nikola Trucks. There is no way these companies are going to let that happen: + +https://drilling-deep-with-john-kingston.simplecast.com/episodes/the-diesel-engine-isnt-going-anywhere-for-a-long-time + +https://www.businessinsider.com/diesel-trucks-arent-going-anywhere-2018-3 + +https://www.wsj.com/articles/pilot-truck-stop-empire-moves-away-from-family-leadership-11595341279 + +https://www.truckinginfo.com/10121641/new-gen-diesel-powered-trucks-vital-to-clean-air-goals + +In this video he sounds like a straight-up sociopath, also talks about having "fun" again: https://www.youtube.com/watch?v=LpLrxblsWZE + +July 22 - NKLA share price is down another 7%. + +July 24 - NKLA share price is down another 12% at open, down to $29/share from $71 a month ago + +July 30 - NKL is down again. And thus the "bag holding" cycle is in effect. There will be people who "see a buying opportunity", and thus average-down on more shares, while the investors that get wise to the scam will see a quick pop in the share price as a "good time to get out". And this will likely continue until the company is bankrupt as they burn through all of their cash over the next year or so, because they won't have *any* products for sale for 4 quarters or more. How much can investors stomach Earnings Reports with **zero earnings**?? Not long, if history is any indication. + +And this, folks, is why you don't bring a company to market until you have products for sale. +As the title states, someone wanted to discuss stocks and personal finances. After many questions, I decided to share where I am at. I’m not in a great place as far as this community goes (28 with no debt, ~160k in savings/house equity), but compared with those graduating currently with 100k in debt from graduate school, it can feel like a huge difference. + +What was your story? How did you navigate the questions and changes to your relationships? Was it mainly negative or were there positive responses as well? +I've always been a bad student. Call it laziness, call it a lack of interest in what I'm studying. Either way, it's taken me a long time to get through college. I just landed a job that pays me just shy of 80k/year and now I'm wondering if it's even worth it to see college through. I currently have 50 credits remaining and with my schools rates that would run me another $24,750. Additionally, it'd probably take me 3 more years because of my work constraints I wouldn't be able to take more than 1-2 classes at a time. I'm 25 years old and was slated to be the first college grad in my family. But I already got the job, how much do I really need the piece of paper? Half my friends from college graduated and couldn't find anything above entry level work. I feel very grateful to be in the spot I am and I'm wondering if it doesn't just make more sense to call it quits. If I decide later I want to go back, I'll always just be 50 credits away + +EDIT: To provide more context, I'm studying marketing and my job is in project management. I work for a commercial real estate company that also does office management for our clients. The client account I'm on is one of the big 5 tech companies. I've already accepted the job and am about a month in. I don't really have any interest in the marketing field. Coming out of high school I wanted to go to film school because making movies has always been my dream job. My family and teachers told me that was impractical though so instead I went to business school. + + +5 mistakes new investors make: + +1. Learning from the wrong people - Focus on learning from those who are successful/profitable investors, with a long history of outperformance. Read everything written by people like Warren Buffet and Ray Dalio, learn about finance, economics, business and accounting. + +2. Risk management - Poor or lack of proper risk management protocols and procedures is sure to cause poor, or worse, negative performance. + +3. Investing emotionally - Investing requires complete emotional detachment and objective, logical and rational thinking. + +4. Unrealistic expectations - The top investors make between 19% - 35% compounding annually over periods of 30-50 years. If you think you can beat those records, for the most part you’re delusional. + +5. Not knowing what you are buying - Focus within your circle of competence and make sure you have a deep and thorough understanding of what you own. Do your research. +Hi - + +I have a vanguard brokerage and tIRA account that I created primarily to start doing Roth backdoor. I also have a robinhood account that I don’t really use except to hold some AMC stock. + +I want to start slowly buying VTI and dollar cost averaging. RH’s app is more intuitive than VG. You can buy fractional shares on both. + +Are there any disadvantages if I were to use RH over VG? Or is it merely a preference? + +Thanks +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I will now describe the best year of my life. In Scandinavia we have something called folkehøyskole. It is a school many go to after graduating high school at age 18/19, that is sponsored like university with a stipend paying about 40% of the expenses. + +I chose film and worked on projects in groups. The school had art, music, film etc. Every day we did something new, and had a selection of topics to choose from. We even went to New York to make a music video in collaboration with the other classes at the school. + +So it was a combination of meeting new people, learning, getting tons of new friends, working on interesting creative projects with people where making something good for fun was the purpose, not to earn money or get good grades. + +Something like this would be the ideal lifestyle for me I think. Living close by friends, working on fun interesting projects, chilling out, doing new novel things. It is one reason I wish to FIRE. + +Anyone have similar experiences, an ideal year of their life they wish to relive through FIRE? +I have seen so many posts about buying the dip, that this dip will be over tomorrow, about how this is a fire sale, etc. + +Just be careful buying crypto. Nobody knows if this is the bottom or not. Bear markets usually last longer than a month. And it seems like it goes down, goes up, goes down more, goes up, and goes down even more. + +I’ve been buying the dip and I bought a bunch of ethereum today at $1900, doubled my position. I’m very careful though in case it does dip lower. + +Think about how low prices will be if bitcoin hits 20k. Now think about if you’re willing to wait that out. Who knows if we could ever see bitcoin at 60k again. I think we will but who really knows. + +Just be careful and make sure you don’t invest more than you can handle. Try not to listen to everyone on Reddit. A lot of these posts are just people trying to get validation about their holdings. Most people on here know nothing. +I've always suspected that one of the most costly mistakes I've made when investing has been selling prematurely, but I never dug through my data to determine if that was actually true. So I decided to do that. I went back over 21 separate decisions I've made to sell stocks over the past 12-18 months to see what happened in the months after the sales. + +None of these were short-term trades, they were all intended to be long-term investments when I bought them but ended up deciding to sell. Sometimes it was based on technical signals (new downtrends, violation of the 50 day moving average, price running up too fast and getting over-extended beyond the 50 DMA) but other times it was based on concerns about valuation. Sometimes it was pure impatience, getting frustrated with a stock going nowhere and wanting to find a better opportunity. + +Out of the 21 sell decisions, 18 of them turned out to be wrong in the sense that the price ended up higher than my sell price within the ensuing weeks and months. In only 3 of the 21 cases did the decision to sell turn out to be a good one. But the important thing is what I can learn from this to improve my decisions in the future. Here are some observations: + +1) A break below the 50 day moving average is a very unreliable sell signal, especially if the stock remains in a longer term uptrend. Price dropping below the 50 DMA theoretically signals a change in the medium term trend, which could foretell the beginning of a longer term downtrend. But in almost every case where I sold after the stock dropped below the 50 DMA, it reversed course within days and continued up. The only case where this turned out to be a good signal was when the stock traded below the 50 DMA for several weeks. + +2) Don't sell stocks based on concern about valuation. Valuing stocks isn't an exact science; I'm not a professional and even professionals can have very different opinions about the fair value of a stock. In every single case where I sold because I thought the stock got "overvalued," it continued climbing. This is where some of my biggest mistakes happened in terms of lost profits. For example, I sold APPS last October for a 6x return at $32 only to watch it hit $100 within 5 months. + +3) Selling when the stock dropped was always a mistake. This overlaps with (1) because the drops typically coincided with a technical signal (breaking below the 50 DMA or breaking a support level), but every time that happened the stock reversed course soon after. Unless the selloff reflects an underlying change in the long-term prospects for the business, you should be taking advantage of drops to buy not sell. + +To be fair to myself, some of these decisions could have turned out to be correct if I moved the money elsewhere and saw better returns than if I had left the money where it was. But the results clearly show that premature selling is a costly mistake. +[https://www.bloomberg.com/news/articles/2022-05-11/coinbase-ceo-says-no-risk-of-bankruptcy-amid-black-swan-event?srnd=premium](https://www.bloomberg.com/news/articles/2022-05-11/coinbase-ceo-says-no-risk-of-bankruptcy-amid-black-swan-event?srnd=premium) + +>A filing late Tuesday by Coinbase included a “new risk factor” based on recent Securities and Exchange Commission requirement for public companies that hold cr\*pto assets for third parties.“Because custodially held cr\*pto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the cr\*pto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors,” Coinbase wrote in the filing. Coinbase will take additional steps to ensure that it offers protection for its retail customers that match those offered to Prime and Custody consumers, Armstrong said in Twitter thread late Tuesday. “We should have updated our retail terms sooner, and we didn’t communicate proactively when this risk disclosure was added,” Armstrong wrote. “My deepest apologies.”Shares in the company [fell 16%](https://www.bloomberg.com/news/articles/2022-05-10/coinbase-plunges-after-first-quarter-revenue-misses-estimate) after regular trading as first-quarter revenue missed analyst estimates. + +See CEO's Twitter thread [here](https://twitter.com/brian_armstrong/status/1524233480040710144?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1524233480040710144%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-05-11%2Fcoinbase-ceo-says-no-risk-of-bankruptcy-amid-black-swan-event). + +>This disclosure makes sense in that **these legal protections have not been tested in court for cr\*pto assets specifically, and it is possible, however unlikely, that a court would decide to consider customer assets as part of the company in bankruptcy proceedings**... + +(Emphasis added.) + +I made a [post](https://www.reddit.com/r/stocks/comments/udyyg5/what_is_going_on_with_coin/) last week about COIN asking for opinions because it was trading with a deep margin of safety based on DCF. The stock is down another 54% in the last 13 days since my post following an earnings miss on the top and bottom lines. + +I listened to the earnings call yesterday and thought management had a good strategy and plan for execution. However, this news is making me think of the CEO's response to a question from an investor about COIN's moat. Long story short, COIN doesn't really have a moat, but the CEO claims consumer "trust" in COIN is like a moat because it allows COIN to sell people who come to their platform to buy or trade cr\*pto new services like NFTs, staking, DeFi, *etc.* They really made a big thing about how much their consumers trust them and how big a competitive advantage that is in a space like cr\*pto where people coming into the market for the first time will generally get into the game through the most trusted name. I think this news — that your assets held by COIN, including their custody business, could be seized in the event of COIN's bankruptcy — should undermine customer trust in COIN. Failing to disclose such a significant risk in a timely manner is a huge red flag for me as a potential investor and attorney. + +If there's enough interest from COIN bag-holders, I can do a preliminary legal analysis of the bankruptcy issues to assess the CEO's claim it is "unlikely" a court would allow the seizure of Coinbase's customers' cr\*pto. The fact the claim is untested in court is enough for me not to trust the CEO's conclusory opinion. + +I personally would not hold my cr\*pto on COIN until there is legal certainty the assets are safe in the case of bankruptcy. Consequently, I have a negative outlook on COIN's custody business; therefore, I have a negative outlook on COIN's so-called moat and ability to upsell new customer's into more products. If people start using COIN for best-price execution only and begin moving their coins to another platform to hold and use their cr\*pto, then COIN's ceiling is a cr\*pto trading platform, not the all-service cr\*pto platform management is selling to investors. +I have known you can buy seeds with SNAP for ages. But recently found out that you can buy live plants. Edibles only of course. Very few retailers know about it or are set up to take SNAP for plants/seeds, but the biggest online retailers are. You can even filter by SNAP/EBT eligible or search "snap/EBT eligible Bonnie plants" and I'm sure exactly what I'm talking about will appear. + +I'm guerilla gardening a public alley behind my apartment complex. I moved some logs to define an outline and the guys who come cut everything twice a season have thus far ignored my area. (Bless them- we've been silent buddies for 2 years now) + + +The selection is limited (again, not much supply or demand I'm sure) but I've gotten a ton of herbs, 3 types of tomatoes, and 2 types of peppers so far. Cilantro is the only one that arrived dead. + +I love this because it's thrifty, healthy, a great hobby, and a "free" outdoor activity with kids. Anything that gets me outside without spending money is a win!! + +Gamestop is going Bk with 1B+ cash and no debt - Trust me bro. + +Sneez is over even though SEC report says not created from closure of positions - trust me bro + +There are no naked shorts (ya) cuz u know. They naked and thats eeeeeweeeeeeeegallll and noone does eweegaaaal stuffs in market right? - trust me bro + + +Shits about to get real and i cant wait til the gamestop wallet holds billionaire and millionaires minted by fighting for a company they believed and believe in. + +In RC I trust and will hold til infinity. Power. To. The. Players. +Some background information. + +My wife (24) and I (23) moved into a townhouse (2/2) March 2021. The house is exclusively in her name (long story short, we bought the house prior to being married, her nana gave her the downpayment, and I'm in full-time grad school). When I graduate from PA school at the end of next year, we will obviously in the market for a new house (she is also pregnant currently). + +I want to convince her to keep this home and rent it when we get our new home. I have very limited knowledge of doing this and very eagerly wish to learn. What is the best methods of doing this? She believes it would be too much work with everything going on but I think it is a missed opportunity if we get rid of it. I could be wrong. + +Would a property manager be plausible here? Is being a landowner really that much work? Could we do it once we both have full-time jobs and kids? + +I just want to make the best financial decision for my up and coming family. Any advise/tips/info is welcome. Thank you so much for your time! +Hey everyone! So I've been looking into FHA loans lately, because my wife and I have been thinking about ways to buy a home for a while now. + +I'm looking to hear all the reasons why we shouldn't go ahead with a plan I came up with after a little bit of research. Neither of us has experience in real estate though, so I'm just wondering what the biggest reasons would be for this to be a bad idea. + +Here are the facts: + +* We live in the LA area and pay around $2.5k / month for rent. +* We make a total of around \~$120k / year (actually $140k last year - but I had a sweet temporary side hustle that was always going to be short-lived.) +* Most of that is my full-time job, but some of it is my wife's part-time job and about 10k is freelance income from both of us. +* We currently have about $40k saved up. +* We both have really good credit scores. +* We both have zero debt. +* Neither of us has ever owned a home. + +And here is the plan that I'd like you to poke all the possible holes into. + +* If we paid $40k for an FHA down payment, which can be as low as 3.5% of the property value, that would allow us to buy a property valued at up to $1.24 mil. +* There are a bunch of duplexes around $800-900k in the LA area that Zillow estimates would cost us about 4-5k a month to buy (I realize these might be off for an FHA loan; wonder how much!) +* With our \~10k in monthly income, our debt-to-income ratio would still be under 50%, which is the limit for FHA loans (though I understand most lenders still prefer it to be around 43-45%.) +* Based on what I'm seeing online, it looks like a unit within most of these duplexes could easily be rented out for $2.5-3.2k a month. We know, cause we're actually looking for a place to rent! +* My wife and I can each spare 15-20 hours of work a week to be landlords, and we certainly realize most of the effort would come at the beginning (buying, renovating, finding tenants, etc.) + +So basically, **what's stopping us from finding a \~$800k duplex in the LA area, paying 4k a month for our mortgage, and getting $2.5-3k back from tenants**? + +I understand we'd have to pay taxes on our income, and there's property tax, etc. etc. - but what reason is there for this plan not to be sound? + +Since I don't want to spend all our life savings on this right now, without knowing how much we'd have to pay upfront in legal costs, renovation, and running a more thorough calculation of taxes etc., I'm not suggesting we "all-in" into this right now. + +But if we can increase our savings another 10-20k over the next year, to the point that we can have a bit of a buffer after the down payment, would this be something that it makes sense for us to do? Perhaps we'd even move out after a few years and rent out the first unit too. +A little background on this: someone handed me a business card recently that just said "Investing Psychologist." While I've never met someone that marketed themselves this way and thought it was kind of strange, it did get me thinking. The subject is fascinating, and yes, I know there are whole books about it. Lots of maxims float around too (see: Be brave when everyone else is afraid; be afraid when everyone else is brave, etc.). + + +But I'm more interested in how these ideas work in real life. What are some cool or unexpected things you've learned about investing psychology? Doesn't matter how--books, experience, words of a self-proclaimed guru, everything counts. Also, if any of you are Investing Psychologists, or choose to brand yourself this way, I'm super interested in hearing from you! +I'm looking to get into RE investing for cashflow. Will put in work on the front end, but then will hold with a PM. + +&#x200B; + +How much work is required for a "passive" RE strategy? To be clear, RE is not my area of expertise, or what I intend to spend the majority of my time on. I am simply looking for a place to store my money with a good ROI. + +&#x200B; + +I have seen some great successes, but they tend to be the guys doing this full-time as a business. I want to do this passively on the side while I go about my normal life. Is RE investing a good idea or should I look elsewhere? +I haven't seen one of these threads posted on here (at least recently) and we're coming off a hilarious conversation in one of the Facebook REIA groups. Please post up the craziest, weirdest, creepiest, spookiest, or funniest things you've found in your real estate investing journey. + +Here's a couple of Mine: + +* HUD House- I purchased a HUD house that they shut the power off and winterized in March. In april it flooded because the sump pump was off, so in May they pumped out the water and turned the power back on so they sump pump could run. I got an accepted offer in June and then the property sat until September closing. I complained that they were just letting the house deteriorate as the finished basement filled with Mold. 3 weeks after the complaint they came over and remediated the max (56' square feet) of mold which was a hilarious 8'x7' patch of wall that they painted with Kilz. The funniest part was that they put a dehumidifier downstairs as well... but didn't hook up a hose. It was effective for all of 45 minutes. Managing HUD/Bank owned listings is a profit game, and man were they good at squeezing every penny out. + +* Creepiest- this one was a house I bought from a man who obviously suffered from Alcoholism/Paranoia/Mental illness. He did not own any furniture and there were just sparse belongings on the main floor of his house. He lived in the wet, unfinished basement. He had a tiny dresser and strung 2x6's across two kitchen chairs with a pillow for a cot/bed. He had cut one of the water lines and fitted a shower head to it, then built a shower out of foam panels over the floor drain. Cold water only. He fitted the entire property with floodlights and cameras, and built giant egress windows in the basement so when he was in his cot, he could see all sides of his house. to built the egress windows, he dug all the way down to the floor or his foundation to form a moat, and then piled the dirt over the moat so the house looked to be inside a hill/bunker. I later learned that he was convinced the neighbors were pouring toxins on the house. + +* Wild: I bought a horder/ probate house that sat empty for almost two years. While cleaning it out/having an estate sale, I started testing things. I found nearly 2 dozen cheap plastic flashlights. They all worked. Every lamp worked. Even the 7 portable radios with D batteries all worked on battery power. The dusty lawnmower scared the crap out of me and started on the first pull. I still don't understand how that happens when I can't keep a flashlight with good batteries for a month. + + + +Share your stories. They can be pretty crazy! +Pretty much i just got a bill from hydro quebec saying i owe from 13th dec 2018 to 22 dec 2018. That the teant said they moved out, while she has a lease till july 2019. Still lives there meet here for a repair the 26th dec. + +What can i do? + +Possible plan cut the hydro off, she moves out then go to small claims and sue for rent and utilties till july? + +edit: so i talked to her turns out her ex was paying her hydro and just stopped without telling her. she says she will call hydro and transfer to her name... we will see. +p.s she must have the golden vag or something, she got 3 different guys paying her bills wtf? +Hey guys, + +I currently owe $150k for a SFH rental that is now worth about $1M. I would like to cash out refinance so that I owe $450k on it. I have excellent credit and income, and the rent is more than enough to cover the mortgage, but the interest rates for a rental (even if the debt is less than 50% of the value) are still much worse than for a primary home. In this low interest environment, I would have thought that these numbers all mean that this is a low risk investment and I should get a lower interest rate. + +Does anyone have any tips? Maybe specific banks that specialize into this? + +Checking bankrate, I get to about 3.375% APR without points, or 3.1395% APR with $1395 in fees. Zip code is 98083. + +Thanks! +So, my primary has no mortgage. Ready to buy my first investment/rental property. Was thinking I could do better by doing a cash-out on the primary instead of an investment mortgage. But then the mortgage interest would not be in the LLC but since it's pass-through anyway does it really matter where that deduction is taken? Any thoughts are appreciated. +Husband and I are putting in an offer on an OOS property in Pennsylvania. Our buyers agent is with Berkshire Hathaway and in our contract there’s verbiage regarding a buyers agent fee of 2.5% +$375. When we asked our agent about the fees, she stated that the seller will cover the 2.5% however we’re still responsible for the $375 which is a BHHS company fee that’ll be deducted at closing. Has anyone come across this fee? + +We’re based in California and have purchased property in California and Alabama but have never come across a “company fee” or “buyers agent fee”. + +Is this a scam? +I’ve been considering buying (my first) property for some time now, and have had my eye on a couple of homes for several weeks. Earlier this week I checked my credit score (soft inquiry) and today, got in touch with a lender to get a letter of pre-approval, which of course involved a hard inquiry. My credit is better than I expected (801), but I know it’ll now drop after the hard inquiry. + +Now, however, I’m second guessing whether this is the right time for me to move forward with the process, and am debating holding off for a year, or at least waiting to see how things in the housing market change throughout/after the pandemic. My question now, is whether or not having the hard inquiry done is going to negatively impact me in the long run? Will it look bad if I stop seeking a loan to then return to this a year or two from now? Is it bad that I jumped the gun in getting pre-approved before I was really confident about buying? + +Thanks in advance. +My dad has 9 SFHs, I own 50% of two of them. My grandparents have 2 SFH in the area and my uncle may be buying one also. + +My best friend is a freelance audio engineer that I trust with my life. He’s great with people. Should we consider starting our own mgmt company? Is it hard? My dad is slowly handing me the reins on the real estate side of things and he said that finding good renters is most of the work— repairs aren’t too hard. + +I worked as the summer house manager at my old fraternity and filled 40 rooms for the summer and collected $60k in rent when I was asked for $45. I worked for the mgmt company in exchange for free rent... it wasn’t too tough of a job at all +Hey all + +Are there any 10% down for investment property loaners?? I’ve been asking a few and it seems to be 20-25%. + +Also, what are your typical closing costs? I bought a $165,000 STR about six months ago and they were around $5000. +I am someone who has spent over a decade in finance, first in a hedge fund and then in private equity + +If you want to understand what it is going on. You have to understand that the largest driving force in the background in which you are operating in is the shift from active managers to passive managers. The vanguard crowd has been winning for more than a decade and now we are at a point where nearly all new money entering the market comes in the form of passive ETFs and index funds. + +And here is where the fun begins. millennials and new investors have a extreme preference for passive management while baby boomers largely invested in active managers. So in the past few years, all new money entering the market is passive and all old money leaving the market is active. Hedge fund and mutual fund managers are shedding AUM while the likes of vanguard and ETFs have been gaining AUM. + +So why does this matter? + +Well, the old operating model of securities analysis was predicated on value judgements. If a stock falls 20%, your money manager tasks a analyst to runs a DCF/comps analysis, and tells you it is undervalued by 10% based on the latest assessment, and that the fund should buy some shares. The old buy low sell high with a dash of analysis added in. That was how things use to run anyways. But in the world of passive investing, price becomes the only judgement as to whether it should be added or subtracted, there is no analysis of valuation metrics, fundamentals of the business or even if it is a fraud or not. There are no analysts digging into the company, calling up suppliers, doing channel checks. It is just pure automation, stock goes up, it gets reweighted high, buy. Stock goes down, it gets reweighted down, sell. The market has become dumber over time. And the people who do the work do not get paid for it, because more and more of the market is passive. So undervalued things remain undervalued, and overvalued things get more overvalued. + +There are essentially three players left in this market, of which only two are active investors. You have the passive money, which now drives 90%+ of the market. You have the small remaining active investor base, who have been shedding AUM and are desperate to hold on to their jobs and are forced to actually follow indexes to avoid getting fired, and what their doing which is arbitraging value, no longer pays off. Then you have people like WSB and stocktwits, where people chase momentum in everything from large tech to chinese frauds. What you are seeing today is the two remaining active groups fighting to control the flows of the passive money (who simply follows whichever side has more momentum). + +This is why we are in a world where TESLA can go up valuation by 10x despite revenue only increase by 15%. We are in a world where large cap gets larger. We are in a world where a bunch of degenerates gambling on FDs, which then drives gamma covering by market makers will create an escalating feedback loop in which passive money piles in, making it into a self fulfilling prophecy. + +So thank the Bogleheads, you have the keys to the Asylum. You are now running the trillion dollar global equity markets. The memes are now real and you are now the captain of Wall Street. + +Edit: to all the morons who keep saying I am wrong because passive is not 90% of the market. Yes it’s more like 60-65(Active) 35-40 (Passive) right now. But what drives price action is the marginal buyer and seller. The total market doesn’t matter worth shit. Grandma with her 20 shares of Ford she plans to gift to Timmy 10 years down the line doesn’t move market price today. 90%+ of the marginal Flow of money today is passive and that sets the price. +I'm going to apologize ahead of time for what is like a colossally idiotic question. Hopefully this will save me from some ridicule. I currently own 200 shares of GME at a cost basis of $100/share. I have been selling weekly OTM calls and collecting the disgusting premium. It has been fun, but I'm not sure how much longer this ride can go for. + +With that being said, I don't see GME sustaining > $50 per share for the next several months. The 11/19/2021 $25 call is currently paying a premium of $18,473. Why is it a bad idea to just sell two of these at open tomorrow and collect almost $37,000? This is all assuming someone would actually buy a call at that price. If GME goes bankrupt next week, I still am ahead of the game by $17,000+. + +Yes, if GME goes to $5,000 a share or what not, I will be missing out on massive gains, but I just don't see that happening and can accept that I'm potentially giving up a huge gain down the road. + +What am I missing here? Nobody will shell out $18k for a GME call expiring 8 months from now? +I think I have a good general understanding of how options work, and I find that I keep thinking about putting money into strategides involving selling premium. However from a risk-reward point of view it doesn't make sense to me. Here are some of my sticking points: + +1. The fact that someone has successfully traded the wheel for 10 years is not necessarily reassuring. This may simply be a reflection of market conditions. The March 2020 crash was steep, but it was short and sharp, not like the grinding falls of 2001-2003 and 1929-1933. And a black swan can always wipe you out. +2. I've seen the suggestion that one can avoid the worst impact of steep market falls by only trading half one's cash. But what does that mean? It seems to mean half one's buying power, not half the value of one's portfolio if every one of one's short puts is assigned. +3. If one were to have a conservative view of buying power, not a margin view, and one is working on the assumption of total assignment, then it is going to be difficult to make much more than 1% a month, and more like 0.5%. That assumes one is selling blue chip options, with relatively low volatility. In which case you're probably better off position trading value stocks. +4. Given 3., then one may be tempted to increase one's income by leveraging low risk bets. Then one moves into the Robert Cordier trap, [https://youtu.be/LI395YShGRQ](https://youtu.be/LI395YShGRQ) . One might not go as far as Robert Cordier, but at the time of the event, a lot of commentators were rather too keen to emphasize that they were not him, and they would never make his mistakes. In the options world, strategies work until they don't. +5. It would therefore seem that to run the wheel strategy safely (remembering point 1), and to have a decent income, one's portfolio would have to be worth at least $1 million, and probably more like $2 million. And then, the wheel might just be a way of squeezing a few more percentage points from one's portfolio. +6. Given the risks of the wheel - they probably only seem minimal because of market conditions over the last ten years - then it is a strategy that either requires a seven-figure portfolio or a sophisticated approach to hedging. Remembering that selling premium is not like selling insurance - when you sell insurance claims tend to be independent, when the market collapses assets start to correlate. So it is not enough to diversify one's option portfolio. + +What am I missing? There must be something I have got wrong? I ask because I find the concept of selling premium fascinating and tantalizing, but also unconvincing. +Is it because people are spending Bitcoins on things such as Subway, donations to causes, etc that it is rising in price? + +I know everybody says Bitcoin is a legit method of spending, but it seems difficult to imagine that, if I had any, I would even *think* about spending some for something I could buy with USA currency. If 1 BTC was worth $100-$200 a few short months ago, and is now worth $300 or $400, why risk buying a TV at $100 when in a month or so you'll have basically lost $100 you could have had, had you used your country's currency? + +EDIT: Whoever is focusing on me using a sandwich as an example instead of some other cheap item is an idiot. +Do you enjoy donating to charity? Do you feel like a fool buying SafeMoon this high up? And most importantly, do you like money? + +Well, you've come to the right place. + +MoonBoys ($MBS) is a new deflationary token with a $20MM - $50MM market cap. Launched on April 15th, 2021, the 300BNB presale was eaten within seconds. This bad boy is only a week old and has drummed up 17,000 holders. + +The dev team has been extremely transparent and is doing milestone token burns. So far they have burned 30 Trillion tokens ($8 million USD) and the next 10T token burn is coming up at 25,000 holders with many more burns afterwards. It's been audited aswell. + +This thing is growing FAST. In the first 7 days, it has already 300x what SafeMoon did. But fuck comparing apples to oranges, this is MoonBoys. All you have to do is buy and HOLD. You will accumulate bags. + +So, you may ask, what are they doing? + +The project is moving along its roadmap steadily. On April 21, 2021, it was listed on CoinMarketCap, with a CoinGecko listing in the pipeline. The devs also have an aggressive marketing campaign planned with influencers of all types hopping on board, a potential Times Square billboard, and more. + +The dev wallet and the proceeds from selling their NFTs are ALL GOING TO CHARITY. A donation has been made to UK Cancer research and a Dolphin has been sponsored. As the coin continues to grow the devs have promised to continue donating larger and larger amounts. + +Future plans include an IOS and Android app and some sort of game. + +Obviously, I've invested in this, hence the shilling, but realistically we could all make some money so why not. Right now is an excellent time to buy, poocoin ad coming soon. Hold this for a couple of weeks and reap the benefits. + +[How to buy (Metamask)](https://www.youtube.com/watch?v=05JUhNXZVl0) + +[How to buy (TrustWallet)](https://www.youtube.com/watch?v=mmCwTnUHJ7k) + +[Website (new one live soon I](https://moonboys.finance/)[ think)](https://moonboys.finance/) + +[Audited](https://twitter.com/FightRugs/status/1383836743082733570?s=19) + +[BSCscan](https://bscscan.com/token/0xe361344013cc906c56bba111bde00c421852c73b#balances) + +[PooCoin chart](https://poocoin.app/tokens/0xe361344013cC906c56bbA111bDE00C421852c73b) + +[Telegram](https://t.me/MoonBoysOfficial) + +idk what else to add that about sums it up. Hope to see yall as fellow moon boys, but what do I know. DYOR I'm not an expert. +Howdy all, whipped together this simple to use mortgage calculation tool with a mate. Basically a web UI conversion of a fancy spreadsheet we made that pumps out useful state specific info regarding: + +\- LMI + +\- Stamp duty and concessions + +\- Available down deposit + +\- FHLDS availability + +\- Debt, equity and property value over time + +\- Optional rent received vs. expenses etc + +and some other stuff. + +Includes a cupla wee graphs for some nice visuals and a downloadable PDF summary of the calculated info. + +Hopefully can assist those who aren't well versed in the property purchasing realm (like us) and the costs that come along with it. + +Still a work in progress so any feedback would be appreciated. + +Cheers + +[Housing Calculator](https://housing-calculator.web.app/) +NAB increased last week and now I’ve just found out through my network that Westpac is increasing fixed rates across PPOR and Investment Loans effective tomorrow. I think that makes it twice in 2 weeks (a total of 3 times in about a month) that Westpac has increased. + +**PPOR P&I** + +1yr 2.34% (+0.25%) + +2yr 2.34% (+0.25%) + +3yr 2.69% (+0.30%) + +4yr 2.99% (+0.20%) + +5yr 3.19% (+0.10%) + +**Investment P&I** + +2yr 2.64% (+0.35%) + +3yr 2.99% (+0.30%) + +4yr 3.29% (+0.10%) + +5yr 3.39% (+0.20%) + + + +I’m expecting the others will follow suit again soon. I’ve made a few posts about it. For those who haven’t taken action, the market is running away from you. +With the influx of users the DD posts have gone to complete garbage. I think an easy way to clean up the bad DD posts is ban anyone who posts a question and marks it as DD. + +I have no issue if noobies want to ask if spxs is a good play in daily thread, but sick of seeing this no effort shit in the DD threads. + +I say we ban any user who posts a DD that contains a non ironic question in the post. + +Even more hardcore version, a ban for anyone who posts DD without proof of at least a 2500 position on said DD. +I had a loan in 2010 and then I left the country. I made arrangements with my brother to pay it but due to some misunderstanding the loans wasn't paid. I have just found out about that now as this loan is not showing up on any credit history searches. Meaning, my credit score wasn't affected at all. When I have called the bank, they said the loan is under my name but they can't access the tab as there are no "payment needed" notifications on it. Additionally, I have not received any letters, any emails or any other communications in these 12 years regarding the loan from the bank. I am very unsure what to do next and I would be grateful for any help and advise. Thanks a lot + + +* **Bank of America’s customers continue to spend freely, using their credit cards and other payment methods for 10% more transaction volume in September and the first half of October than a year earlier, CEO Brian Moynihan said.** +* **Customers’ account balances remain higher than before the coronavirus pandemic struck in early 2020, Moynihan said, indicating that they were in a good position to continue spending.** +* **Finally, consumer credit remains pristine, with late-payment metrics still well below pre-2020 averages, indicating that so far, customers have had little difficulty keeping up with their debt.** + + + +Consumers are financially resilient, despite high inflation and concerns the U.S. is nearing a recession, according to [Bank of America](https://www.cnbc.com/quotes/BAC/) CEO [Brian Moynihan](https://www.cnbc.com/brian-moynihan/). + +"Analysts might wonder whether the talk of inflation, recession and other factors could \[result\] in a slower spending growth," Moynihan said Monday during a conference call to discuss [third-quarter results](https://www.cnbc.com/2022/10/17/bank-of-america-bac-q3-2022-earnings.html) that topped analysts' expectations. "We just don't see \[that\] here at Bank of America." + +The bank's customers continue to spend freely, using their credit cards and other payment methods for 10% more transaction volumes in September and the first half of October than a year earlier, Moynihan said. While price inflation accounts for some of that, the number of transactions also rose 6%, he said. + +Customers’ account balances remain higher than before [the coronavirus pandemic](https://www.cnbc.com/coronavirus/) struck in early 2020, Moynihan said, indicating they were in a good position to continue spending. That is especially true for those who had the smallest balances, which were about five times higher than before the pandemic, according to a Bank of America [chart](https://d1io3yog0oux5.cloudfront.net/_b81b10e3b00ca2879952e619db1e9a62/bankofamerica/db/806/9760/presentation/The+Presentation+Materials+3Q22.pdf). + +Finally, consumer credit remains pristine, with late-payment metrics still well below pre-2020 averages, Moynihan said, indicating that so far, customers had little difficulty keeping up with their debt. + +“We’re just now seeing \[a\] gradual move off these lows in early stage delinquencies; late-stage delinquencies are still 40% below pre-pandemic,” Moynihan said. +[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](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**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 do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[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 + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>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! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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! +It seems like everyone here talks about XSPA and how the pr is coming and it’ll be well. But that has not been the case recently. I’m asking this to see if it’s worth getting in or not. I’m seeing mixed things. Lmk! +I’m a reasonable person. I give people the benefit of the doubt but this situation has became super fishy. + +We transferred 60k USD on the 24th of November and funds are still not showing in our Kraken account. + +Their support team keeps saying the same thing over and over, asking for the same thing, over and over: + +“Hi, Thank you for providing that information. Unfortunately, we are still unable to locate a deposit matching these details. Will you please attach a deposit slip or remittance receipt to assist in locating your funds? Best, Kraken Client Engagement” + +Their website is broken as hell and now they are stealing our money? Did anybody have a similar situation with them? + +UPDATE: + +After I created this post, finally things started to move. I have sent them the documents couple of times and they finally realized that was the case and decided to look properly into it. It seems it was a mistake from our part: + +"Hi, + +My apologies. I can see the information that you have already sent. + +The one concern for me is the bank name and & country. You have written "Sumitomo Mitsui Banking Japan" but it should read "Sumitomo Mitsui Banking Corporation (SMBC)" and if they require the country in this field it could be added as well. + +What I would suggest is to wait a few more days and if the funds do not arrive, they may be returned to you. If we both don't see the funds in a few business days I would suggest recalling the transaction. I'll check back on Wednesday and let you know. If you see the funds returned to you in the meantime please let me know. + +We'll get to the bottom of this one way or another. Thanks for your patience. + +Best, + +Kraken Client Engagement" + +Hopefully the funds will appear somewhere - either in our bank account or in our Kraken account - shortly. + +Will keep you guys posted. + +UPDATE 2: + +My bank just said that bank names won’t matter as swift updates it automatically - and we have provided the correct swift code - so it’s on you, Kraken! + +LATEST UPDATE: THE FUNDS HAVE ARRIVED! + +The problem was NOT Kraken, the problem was with MY BANK. One of their incompetent staff put the numbers we gave them wrong and the money got "lost" in limbo. Our bank finally fixed it and boom, funds in the account. + +Sorry, Kraken, this was NOT your fault, but I hope you do understand we were super concerned and we could never have thought that our bank would f* this up that badly. + +On another note, I can not say THANK YOU enough for all the support and upvotes! You guys f* rock! I certainly am super relieved! + +HAPPY ENDING!!! +Hi all, + +I am getting fed up of London estate agents and property developers/maintainers playing games on hard-working home buyers. Why isn't there any scrutiny on these lot on how they do business? + +It ranges from anything such as charging people to get "early bird" alerts on new properties coming on the market to falsely and outright lying on other "bidders" who have made bids on a property you are about to buy. + +The property developers/maintainers are now charging extortionate amounts on servicing the places to live when really you don't see much in terms of actually doing the work. + +It feels like these lot are taking advantage of the property demand/boom in London and milking people dry as much as they can. + +It makes me hate London even more and doing business with these rotten people sucks. +Big day today. Upped my 401k contribution from 33% to 51%. 35k salary so that will put me at a max 401k for the year. + +Ps. No one I know cares so I'm posting it here. +So I was going through some stocks that were given to me, and I'm trying to figure out the taxes I'd owe if I sold some of them. + +&#x200B; + +As shown [here](https://imgur.com/a/QhCSDSl), Wells Fargo says that 4 AMZN shares were bought, at $23.50 each, on 01/09/2008. + +&#x200B; + +However, according to [this](https://finance.yahoo.com/quote/AMZN/history?period1=1199779200&period2=1199779200&interval=1d&filter=history&frequency=1d), AMZN shares actually cost around $90 at the time. + +&#x200B;