diff --git "a/reddit_finance_43_250k_396.txt" "b/reddit_finance_43_250k_396.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_396.txt" @@ -0,0 +1,10000 @@ + +Anyone panic selling at the moment is giving them exactly what they want - at your own loss! Do you really think you are getting any sane order in at all when mtgox has a lag of over an hour? If everybody would just have sat back and relaxed, this wouldn't have been more than a blip on the radar. + +Edit: A lot of people are responding with comments along the lines of "but <my favorite bitcoin site X> was also down, why would attackers target anyting but exchanges?". The answer is simple: because in the middle of a chaotic situation cutting off sources of news/information instigates more fear and uncertainty than anything else ever could. Compare it to the Syrian regime repeatedly cutting off all phone and internet access to an area right before launching an assault. +This is the closest ill get to creating a technical DD, i present my psychological DD. + +I am but a simple dirt farmer who drives a truck and stares at the GME stock price all day. Crayons are in short supply in my part of town. Times are tough. + +While watching some of the tv clips edited together i seen the one where crammer tells us to take our home run and dont go for the grand slam. My knee jerk reaction to hearing crammer is to start throwing shit like a ape in the zoo but after having a moment of clarity i realized the subtext of what he said. " you already won, take your home run. Dont go for the grand slam. + +Were all somewhat familiar with his past in the finacial industry. So he knows what hes talking about even though everything that comes out of his mouth is a lie. But in a moment of anger and frustration he slipped up and told us WE ALREADY WON. He wanted us to cash out early and walk away. + +If we already won. All we have to do is hodl and finish walking the bases to get our grand slam. Our oposition is so desperate because they already lost and their only hope is that we walk away early. + +Crammer sucks but even a broke clock is right twice a day. + +Cant stop, wont stop ........ + + +Edit. Forgot to mention gamestopd squeeze pendant on their website and the dates for availability. Game stop announces the paid debt and cash on hand after the stock sale was complete the day before (?) Or the day of the pendants availability? Odd no? +[Here's a link to the CNN article.](http://www.cnn.com/2012/04/04/business/wolfson-prize-jurre-hermans/index.html?hpt=hp_c2) + +Here's the part I don't understand: + +>Jurre, the youngest entrant to the prize, proposed Greece should leave the euro, with the Greek people slotting their funds into a bank "exchange machine" and getting drachma -- the Greek currency before the country joined the euro in 2001 -- back. +> +>As Jurre explains in his application, the bank then gives the euros to the Greek government and "all these euros together form a pancake or a pizza. Now the Greek government can start to pay back all their debts, everyone who has a debt gets a slice of the pizza." + +How is that any different than the Greek government simply paying back their debts in euros now without exchanging currency? I don't understand how they can essentially buy back all of their citizens' euros and give them drachma, then use the euros that they paid drachma for to pay off Greece's debts. + +As you have no doubt guessed, I'm not well versed in finance and I'm probably missing something crucial here but I just can't seem to wrap my head around how the Greek government exchanging one type of currency for another is a magic fix. They would essentially be duplicating the money, wouldn't that cause a massive drop in value of the drachma? + +Fed will start buying junk bonds at BB grade, while on 23rd of March it was BBB. + +Expect a massive stock market rally now, as we see the fed prop up the market even further. + +This will allow companies to rally like crazy. The big drop has been delayed I think till after the election with this move. + +We might test the lows again in the coming month but it won’t be a big crash. + +FED to the rescue + +https://www.cnn.com/2020/05/04/investing/fed-junk-bonds-etfs-debt/index.html +Preface: sorry for the blast of twatter links. Direct to the source. I promise nothing fishy. Just the gospel of DFV. (I say in jest, he's just a cool dude. Not a diety, our leader, or a cat) A Saturday night fun theory romp with TheFlyingDJ. + +So I've been thumbing thru Roaring Kitty's twatter page. Seeing if hindsight brings any enlightening and entertaining revelations. Then I realized it. He DID figure it out AND HE TOLD US! Follow me, crack your beers, tilt them wines, light your bowls and apply tinfoil.... let's have some fun. + +First he's telling us that "we don't seem to understand, he's not LOCKED IN HERE (DRS👀) with us... but we should be.... + +https://twitter.com/TheRoaringKitty/status/1399802936402669569?s=19 + +Of course, along the way there's intervals of fun entertaining ones throughout. Sometimes a meme is just a meme. I'm not reading deep into EVERY tweet. + +But then... + +https://twitter.com/TheRoaringKitty/status/1400112472414199809?s=19 + +🎶Hello again, friend of a friend, I knew you well🎶🎶our common goal, was waiting for, the world to end🎶🎶Now that the truth, is just a rule, that you can bend🎶🎶you crack the whip, shape shift and trick, the past again 🎶🎶🎶 then it just as it displays our beloved Sigil, she sings "Send you my... *flash GME logo* .... but sometimes a meme is just a meme. 🤷‍♂️ + +Next we have; + +https://twitter.com/TheRoaringKitty/status/1400124740291923968?s=19 + +From Ready Player One. If you haven't seen it (it's amazing and you should for one, and SPOILER for two) in this scene the main character, Parzival, finally figures out that in the final major race. You actually have to go BACKWARDS to get to the correct track to win... but doesn't say anything because he can't give it away.🤔🤔 + +Then while DFV is waiting for us Apes to figure it out and quit throwing bananas at each other, and... other places... + +https://twitter.com/TheRoaringKitty/status/1400452208273944577?s=19 + +...Just waiting... + +But then. He figures out how to ALMOST DIRECTLY TELL US... + +https://twitter.com/TheRoaringKitty/status/1400474857733705728?s=19 + +Cone, Poo, Chair....🤦‍♂️🤦‍♂️🤦‍♂️ seems almost too obvious now. Here we thought it may have just been due to an affection for the Chairman Himself... + +https://twitter.com/TheRoaringKitty/status/1400844797229912065?s=19 + +But instead, we're supposed to "Stroke the furry wall"... + +https://twitter.com/TheRoaringKitty/status/1400522985375780872?s=19 + +... a slight color change and that wall looks REAL familiar to certain purple circle we've all finally got around to stroking. + +This isn't financial advice, it requires YOU to call it. Nobody else can call it for you, it wouldn't be fair. + +https://twitter.com/TheRoaringKitty/status/1402641643694477317?s=19 + +I truly do realize that this is all hindsight stitching to make a wild theory seem plausible. But it was fun for a Saturday night to think about at least. If nothing else u/deepfuckingvalue is certainly a meme god. That's for sure! + +And remember Apes, nobody needs to tell you what to do. Because you already know what you need to do... + +https://twitter.com/TheRoaringKitty/status/1402339649662730240?s=19 + +Make sure you Buckle Up! + +https://twitter.com/TheRoaringKitty/status/1402596345827844102?s=19 + +The final battle is yet to come + +https://twitter.com/TheRoaringKitty/status/1402709583454511104?s=19 + +And Cheers everyone! 🍻🍻 + +https://twitter.com/TheRoaringKitty/status/1402762438420873221?s=19 + +Edit: I stated clearly that I realize this is a tinfoil theory. Just having fun, you can mould any history to fit a narrative if you try hard enough, I know this. +I had no idea how many of y'all would indulge in it with me. Thank you all for the awards! Makes for a fun Sunday reading the comments! Loving the Bohemian Rhapsody line! + +Edit 2: Thanks to u/strife7k for the inspiration in doing this little stitch together. Deleted their original post, but commented here with a solid point too! + +https://www.reddit.com/r/Superstonk/comments/q0ccdd/dfv_figured_it_out_and_didnt_couldnt_tell_us_but/hf7p4xw?utm_medium=android_app&utm_source=share&context=3 +So just wanted to say to my fellow peeps this happens all the time. Don’t want you guys panic selling and losing lots of money because you forget crashes like this happen every few months. The market will come back and it will come back strong. Unless you are the type to add to your portfolio for a pretty big discounted price and you understand these crashes I recommend you just go live your life and stop looking at your portfolio for a few days. It will go back up it always does don’t let this scare you into selling all you have for a big loss. + +It will all be ok. +Anyone else trying to take a little ride and see where it goes by the end of the day? Seems to be gaining some traction now and I’m hoping to see some solid profit. Since it’s so low not having to get in for that much is awesome and hoping the hype is real. +Tricky Tricky. + +Someone fell on a sword today at a Short Hedge Fund. Like Dollar Bill in Billions, someone decided to make a trade that might send themselves to jail today. They bought Puts at 330 and then sold off every bit of 4 million dollars of GME without trying to catch any bids. The longs couldn't scramble fast enough to prop it back up and that same group of trades bought in long. + +That's called Market Manipulation and really the SEC should be gathering up those traders for charges. We will see if that comes about. I mean I've literally lost faith in the SEC and I'm shocked I had faith after watching GME for the last 3 months. + + +I wrote some DD for today + + +[https://www.reddit.com/r/GME/comments/m2s1tz/gme\_0311\_what\_to\_expect\_the\_next\_two\_days/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/m2s1tz/gme_0311_what_to_expect_the_next_two_days/?utm_source=share&utm_medium=web2x&context=3) +The CMC calculates price based on volume traded. If we all used ETH to trade for alts, the declining BTC price wouldn’t affect them anymore. + +So next time you need to make a trade, think about which coin you use to make that trade with. Choose a coin who’s price is going up, like ETH, or if you can trade in fiat that will work too. + +Cheers. +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 am 28, live with another relative very cheap. My full time pays me between $70k-$105k depending on overtime availability. One of my coworkers is adamant that there is a certain income threshold one should not exceed because in his exact words "once you reach that level you pay so much in federal and state income taxes you are loosing money." Forgive me, but this sounds beyond ridiculous. A quick look at the tax brackets (yes I already know you only pay 10% on the first $10k, then the next % up to a certain point), under no circumstance does someone actually start to loose money... Or do they? What on earth is my coworker talking about? +Hi everyone, + +So here are the facts: + +* Parents own a Condo with $90k left on their Mortgage (originally $129k at signing) + +* I have no debt, and around $40k cash. + +They are wondering if giving the Condo to me would allow me to leverage whatever equity they have on it to help me in whatever way possible. + +I don't know anything about this, but would me legally "owning" property help me with the Commercial lender? Even though they still have a mortgage on it? + +Thoughts? +Im in NYC and am thinking of purchasing a three family home. It’s $1.25M and I’ve found a broker allowing me to do 10% down (2 loans: a 7/1 ARM @ 4.75 and a HELOC with the first 10 years interest only at 6.5). The mortgage works out to be $6400/month. The building is currently rented with tenants in all three units — collecting a total of $9,000. It’s in pretty good condition and wouldn’t require much repairs. I would ask that the first apartment be delivered vacant and keep the tenants in the others. I’d keep paying that amount myself and put any excess aside. How do I evaluate if this is a good deal? Is the fact that the renters can cover the mortgage enough of a calculation? The cap rate works out to be about 6% but I can’t tell if that’s good or bad. It’s miserably fails the 2% rule (which makes me very nervous) Every broker I speak to tells me it’s a good deal, but not sure how independent they are. My real estate attorney who also invests tells me it’s a good deal but the purchase price is a bit terrifying tbh so I’m just skeptical. The landlord has all the tenants on a month to month - no one has a lease, but I don’t think I’d have a problem finding tenants if someone leaves. It’s my first home/investment property. Am I missing anything? Any and all advice appreciated. I’m supposed to sign in the next day or two but now I’m wondering if the numbers make sense and if I’m doing the right thing. +I'm trying to get my second building and everyone wants 20 percent down but I have heard of investors getting less down. How's it done? I've tried the banks I've had the longest history with. They are not interested. + +I can get a HELOC on my residence but was hoping to avoid it. +My grandfather owns a 4 bdr, 2 baths condo in Kissimmee -FL , which is managed by property management company. He told me he makes no money from it, which I found odd given the location. + +I took at look at the reports he gets from the company, and last year's income was:**+$17,000 (rent) - $11.530 (expenses!) - 6,500 (taxes)** + +I'm don't have any experience with property management or real estate investing, but something seems off and I want to make sure he isn't being ripped off. How should I go about this? How can I find out what the usual expenses for a similar property in his area are? And what kind of professional could help with this? + +Thank you! + +**Update** +Breakdown of monthly expenses (avg): +Management: 150.00 +HOA Dues: 187,00 +Water and Sewer 55,86 +Electricity 176.16 +TV, Telephone and Internet 241.00 +Pest Control: 16,67 +Wifi Monitoring: 10.59 +Maintenance and Others: 100.09 +Mortgage is not included in the expenses (he pays directly with the bank). + +Thank you everyone! + +I guess because I’m online reading about real estate my Facebook shows me a lot of ads with people trying to sell me info on their system of investing. People I’ve never heard of. Probably just regular people who’ve had some good success since ‘08. And now they’re trying to diversify out of real estate somewhat. Why? Because of the bubble? + +Kinda made me think of an antidote I’d heard about someone saying when their barber was giving him tech stock advice, he knew the crash was coming. I assume because it was so speculative, in the same vein as bitcoin. Is real estate similar? + +Is it market dependent? I’m in a hot area, but it seems to me a lot of people are getting involved or want to get involved in real estate. Makes me think of the barber and question if I’m him! Only have a few properties, only been in the game a few years. + +Any thoughts or feedback welcome + + + + +Am I stuck with holding for 6 months before I can refi? I just purchased a condo in my local market, Uptown Charlotte (cannot find a better location Uptown). Elderly woman died and family wanted to sell as-is. Reno will take 3 weeks and I should be able to put a renter in place. I took the unit down with hard money (3 points, 13%). I wanted to BRRR but it appears I’m stuck for 6 months, am I right or wrong? + +My two options as I see it, flip and make $50k or wait 6 months BRRR and find another. + +Just a little more context, I won’t do much more than break even with a long term renter. They do allow 3 month rentals within the building. I am looking to fully furnish and put it out on the market for $2000/m furnished, with allowing for 3 months, as compared to $1300 long term renter. While there may be more work with the shorter term renter, we are huge Panthers fans and the condo is just a couple blocks from the stadium so the possibility of getting to use the unit occasionally, especially during Panthers game’s excites me. +So I am looking at doing my first BRRRR and I have a few points of confusion. So my plan is to pay cash for a SFH, renovate it, rent it, and then refinance it. What I am confused about is the seasoning period. Do i have to hold the property for a certain amount of time before refinancing? I am under the assumption that if I don't take out a loan initially, that I will not have to wait the 6 months or whatever. Also, to anyone that has done a BRRRR, what kind of LTV are you getting? I have heard anywhere from 70-80%. How long must you have the property rented before you can count the income towards your DTI? Also, what kinds of rates are you seeing when you cash out refinance into a 30 year conventional loan? +So I have been debating moving from my house we bought and renting it out while we move into an apartment. My thoughts are that I can build equity and cashflow $2-300 per month renting out my house and use my business to pay for repairs and be able to write them off. However, I would be dumping out $800-1200 a month in rent and seems like I could use that money to be investing in another rental or stocks of some sort. What am I missing? Does anyone have any advice? TIA! +I’m a Canadian from Montreal. I do not quite like the market here, it’s too over-priced. + +With today’s tech and services at our disposal (like I’ve learned there are vast Chinese investors here who have never even visited their properties) it is pretty easy and doable to just buy into a property someplace else to get a better return on the investment. + +Is it really that simple? The options here are slim. It’s all condos which are too saturated. +I see that most fatFIRE stories are from the US. I know it's harder to attain such levels in Europe because of lower salaries and more socialist laws, but is there anyone already at fatFIRE or on their journey that lives in Europe? What are your strategies? +I first started reading about FI but recently found fatFIRE subreddit. +I recently (6 months ago) moved to Germany after finishing grad school. +For reference, I am 27, make 60k/year and currently save 50% of income. +I recently bought a place in the middle of nowhere just as an escape whenever I want it. Problem is here in Sweden people don’t like rich people, especially those in the more rural areas. + +Let’s just say that I wasn’t exactly appreciated when I went into a nearby community for some supplies because of (what I think was) my car. + +I’m looking to buy a discrete luxury car to use in situations like that. I’ve looked into the Volvo XC90 T8 but I want to see if anyone here has any other ideas. +I recently bought a place in the middle of nowhere just as an escape whenever I want it. Problem is here in Sweden people don’t like rich people, especially those in the more rural areas. + +Let’s just say that I wasn’t exactly appreciated when I went into a nearby community for some supplies because of (what I think was) my car. + +I’m looking to buy a discrete luxury car to use in situations like that. I’ve looked into the Volvo XC90 T8 but I want to see if anyone here has any other ideas. +Curious what you’re asset allocations and how they’ve potentially changed over the years. + +I’m currently: + +Stocks: 50% +Real estate: 35% +Private equity: 7% (equitybee, equityzen). +Bonds: 5% +Crypto: 3% + +Not sure why my formatting isn’t working. +I was curious if others are willing to share their thoughts around legacy -- how you want to be remembered after you're gone. My financial advisor asked me what my plans were, and I realized I didn't really have too much (other than setting up trust / will). + +* Family heirlooms -- we don't have too much, especially for boys. Thinking to get them a krugerrand every birthday with a small letter to them about their year. Just keep in safe deposit box. Anything else that keeps value I could think to pass down to them? +* Donor advised fund -- FI asked me about this. Any recommendations? Might be nice to set something up that the kids could maintain when I'm gone? I'm really interested in helping equalize education for little kids (esp. in low-income) so maybe that's something I can set up that can be continued. + +Curious on others thoughts -- I'm not rich enough to have a building named after me. I'm low-mid range of fatfi, so more like a bench :) + +thanks! + · EPS: Exp. $1.82 v. Act. $1.95 + +· Revenue: Exp. 17.1B v. Act. $16.9B + +· Sees 50% average annual growth in vehicle deliveries. + +&#x200B; + +The main problem I have with this is they sold 75% of their Bitcoin they owned at a loss I might add, converted it into fiat currency, and all to have a positive cash flow. + +&#x200B; + +Cash Flow: $621M + +Sales of Digital Assets: $936M + +&#x200B; + +Other opinions are welcome, but I expect next Quarter to be a lot worse if things continue to go like they are especially for TSLA if they don't cut back forecasts. +I loaded my Td Ameritrade account with 300 bucks. I bought 1000 stocks at .1458 and another 150 at .74 of another stock. Anyways I sold off the 150 shares of the other stock but now my account shows I have a begative cash balance and a negative option buying power. I thought I sold my shares shouldnt I get money back into my account? +I’m one of the retards here with 5 figures loss porn. Others too I’m sure are hurt. + +I’ve been depressed and mentally drained since the new year, and since I’m graduating college in May it’s hard to just go back into the workforce right now since I’m traveling from school, back home, gonna be getting a real job in the summer (god willing). By the time places like Wendy’s or retail hire me I’ll be quitting. I’ve been looking for remote work with no use. I have mondays, Wednesdays, and fridays off next semester and I have no idea what I’ll do. + +I have less than 1k in my bank and I go to college in a few weeks. Off campus and do my own shopping and shit. I had 5 figures in august. I’m nervous as fuck for this semester. This was supposed to be the time of my life and I ruined it. Anyone college aged here, please be careful and don’t end up like me. + +Edit: you guys really inspired me. Thanks. I’ll come back stronger than ever. + +Edit 2: thank you for the concerns, but I’m not a gambling addict. If I was, I would’ve yolo’d into Gme calls today and I didn’t. Lmao. +Seriously, it sounds like there's alot of articles and thoughts of a major drop happening in the very near future. Is it possible the inflation numbers set to release tomorrow are absolutely horrendous, even with the calculation change from months ago? I'm just speculating on everything since I'm pretty dumb, but that would make sense in my mind. Buckle up, hold or hodl, and fuck you, I'll see you tomorrow. P.s. I love you all. +Noob here with very low understanding of technology. But bitten by YOLO and following BB discussions. Can someone help out with below? + +1. Why is BB's revenue decreasing year on year or quarter on quarter despite so many government business wins? +2. I am under impression that security is crowded field. Is BB so good at end point management/security and miles ahead of the competition that competition doesn't matter to its prospects? +3. Is QNX revenue from automobiles a recurring thing or one time and less than $10? If one time and majority of 175 mn vehicles being non-connected, they don't mean much for direct future revenues. +4. BB IVY is still under development and expected to start deploying in 2023 that at net revenue (post AWS share) of $10-11. So meaningful revenues are likely to start in 2025 and there is a huge execution risk between now and 2023. +5. How to go about valuing BB, is price to sales good measure? If yes, what shall be a reasonable number? + +Thanks :) + + +Edit: As suggested by u/bannercoin I just went and asked couple of these questions in other subreddits. [here](https://www.reddit.com/r/cybersecurity/comments/l6527t/ama_series_security_consultant/) and [here](https://www.reddit.com/r/AskNetsec/comments/l685k1/isblackberry_suite_of_uem_cylance_and_qnx_way/). And I or anyone I know IRL have no position in GME, just massive amount of regret for missing the rally. +**KEY POINTS** + +* **Goldman Sachs downgrades Starbucks to neutral from buy, citing China concerns.** +* **The firm also lowered its price target on Starbucks to $68 from $75.** +* **Goldman also downgrade Yum Brands to sell.** + +Source + +[https://www.cnbc.com/2019/01/11/goldman-starbucks-will-be-next-us-brand-to-warn-of-china-trouble.html](https://www.cnbc.com/2019/01/11/goldman-starbucks-will-be-next-us-brand-to-warn-of-china-trouble.html?__source=newsletter%7Ceveningbrief) +**EDIT: I'm going to make another post eventually, but after removing the 500-1000 and >1000 groups and tallying the results of both polls, the results are within 1% of one another.** + +This is update to this post https://www.reddit.com/r/Superstonk/comments/mwziwn/users_of_superstonk_own_at_minimum_9_million + +Here's the original poll: https://www.strawpoll.me/42979202/r + +Here's a new poll that will hopefully address some of the shortcomings of the previous poll: https://www.strawpoll.me/44432640/r + + +If you could answer that'd be amazing, but otherwise that's fine. I want to see the results of this poll and compare it to the results of the previous poll to see if there is any significant difference in the results. + +TL;DR assuming 6 million retail buyers with average shares purchased being 23, all of retail owns at minimum 138 million shares. + + + +**READ THIS FIRST! PROBLEMS WITH THE POLL:** + +1. I didn't add a 0 option. This means that I made the assumption that 227,565 people here purchased GME. This is a bad assumption. I've accounted for it in later calculations, but be aware of it. +2. The poll is based in r/Superstonk. Users here are more likely to own higher amounts of GME shares than other retail owners. +3. As this is an opt-in poll, it is subject to manipulation, trolling, and bias. Because the requisite questions ask for a quantitative measurement, the chance for bias is minimized. The number of shares you personally own shouldn't change. +4. The sample size is just over 500. This is valid for an educated estimate, but the actual values shouldn't be taken at face value. The margin of error assumed on this sample size is 4%. For this type of study, this is acceptable. But without at least 1000 or, better, 2000, we can't be 100% confident in the results. + +To attempt to account for the issues presented, I have done two things: firstly, after calculating the final values, I subtracted the top two (500-1000 and >1000) fields from the final total. This was meant to reduce manipulation and superstonk buying bias that would inflate retail ownership. In addition, after calculating the shares per person, I halved it to assume that only 100,000/200,000 people here actually bought GME. This means that the poll represents 100,000 people. + +&nbsp; + +With that being said, here's the updated poll numbers. + +Group | Number of respondents | Percentage +--: | :--: | :-- +1 to 5 | 17| 3.256704981 +6 to 10 | 28 | 5.363984674 +11 to 15 | 34 |6.513409962 +16 to 20 | 31 | 5.938697318 +21 to 30 | 29 | 5.555555556 +31 to 50 | 63 | 12.06896552 +51 to 100 | 91 | 17.43295019 +101 to 500 | 160 | 30.651341 +501 to 1000 | 33 | 6.32183908 +>1000 | 36 | 6.896551724 +Total | 522 | 100 + +We can see here that, of people who responded, the largest category was the 100-500 with over 30% of respondents owning shares in this range. Very surprising - I didn't expect this level to be so high. + + +Now, assuming all 200,000 people purchased GME: + + +Group| People in Population | Shares Min | Shares Max +--: | :--: | :--: | :-- +1 to 5 | 6513.409962 | 6513.409962 | 32567.04981 +6 to 10 | 10727.96935 | 64367.81609 | 107279.6935 +11 to 15 | 13026.81992 | 143295.0192 | 195402.2989 +16 to 20 | 11877.39464 | 190038.3142 | 237547.8927 +21 to 30 | 11111.11111 | 233333.3333 | 333333.3333 +31 to 50 | 24137.93103 | 748275.8621 | 1206896.552 +51 to 100 | 34865.90038 | 1778160.92 | 3486590.038 +101 to 500 | 61302.68199 | 6130268.199 | 30651341 +501 to 1000 | 12643.67816 | 6334482.759 | 12643678.16 +>1000 | 13793.10345 | 13793103.45 | 13806896.55 +Total | 200000 | 29421839.08 | 62701532.57 + + +Assuming 200,000 superstonk people own stock in GME, the value is between 29-62 million shares. But, if we want to predict overall retail ownership, we also have to assume that superstonk users own more than normal. Lastly, because of possible trolling or other manipulation, the highest values may be skewed. To account for this as best as possible, I've subtracted the 501-1000 and >1000 categories from the final result. So, + +Total 200,000 = **29421839 - 20127586 = ~9,294,253** +and **62701532.57 - 26450574.71 = 36,250,957.85** + + + + +Then at minimum, assuming 200,000 superstonk users currently own GME, the number of owned shares is between *9-36 million*. I also mentioned that we can't assume 200,000 superstonk users purchased GME. Instead, let's assume 100,000 did. Redoing all the calculations, we end up at **~ 4647126.437 - 18125478.93** shares owned by superstonk users at minimum. + +This would mean that, at minimum, the average number of shares owned by retail would be around 23 shares. This is simply **4647126.437/200,000 =~23**. + +Now, how many retail buyers are there? I estimate 6 million. The reason for this is that it fits within the number of people subscribed to WSB, and it also fits in with the values found in a yahoo poll here: https://ca.finance.yahoo.com/news/gamestop-amc-reddit-investing-213609595.html. In the poll, they predicted 9% of americans purchased GME. Half were predicted to have sold, with an additional third of that half also selling. So **200,000,000 adults over 18 X 0.09 = GME buyers / 2 X 0.06666666 = ~ 6 million people**. + +Estimating total retail using these figures is, at minimum: **6,000,000 X 23 = ~138,000,000** + + +Honestly, I've tried to be unfair against my data. Every time I could, I bet against it. And even when I was unfair against it, I still get a number that is stupidly high. Support for 21-23 average shares has also been seen here: https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/ and here: https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/ + +If there are any other things I've forgotten/assumed that would inflate the retail ownership, please tell me! And if you have any criticisms, I'm all ears! And it's your choice to buy or sell - I'm too stupid to make those decisions for you. +Hi everyone, + +I was filing ITR 1 for the past 3 years because I never invested in mutual funds or sold any of my company RSUs (which come under foreign equity since they are listed on NASDAQ). I was doing this myself with the help of cleartax. + +This year I have capital losses and I also sold some of my RSUs which will come under foreign income category. + +Just wanted to get an opinion from people, whether they use the income tax department to file ITR-2 or do most of you go with a traditional CA route. + +I checked cleartax pricing(https://cleartax.in/s/pricing) and I would have to take the INR 3599 package. What is the usual charge for such a service in market. +Airtel, Voda to pay AGR dues by 17 March, SC wants MDs of firms in court. + +Link: https://www.livemint.com/industry/telecom/sc-furious-with-dot-issues-contempt-notice-against-telcos-for-not-paying-dues-11581658335354.html + +There is an interesting piece at the end: + +*While the Supreme Court verdict had hit telcos, it had also made non-telecom firms holding licences for internal communications and signalling liable to pay licence fees on their entire revenue, even if they did not offer telecom services. DoT has sought ₹1.72 trillion from GAIL (India) Ltd, ₹48,000 crore from Oil India Ltd, ₹22,168 crore from Power Grid Corporation of India Ltd, ₹15,019 crore from Gujarat Narmada Valley Fertilisers and Chemicals Ltd and ₹5,841 crore plus interest from Delhi Metro Rail Corp Ltd (DMRC), among others.* + +Can someone tell me how are those PSUs able to provide those incredible license fee amount? +Hi, +In this sub I have seen that UTI Nifty Next 50 gets recommended very often. UTI NN50 has a expense ratio of 0.27% where as IDBI Nifty Junior Index has 0.23%. Why UTI NN50 (a recently launched comparision to IDBI NJ) is getting recommended even with higher expense ratio? + +Is there a problem with the fund house or is it due its low AUM? +I'm sharing mine as an example, feel free to roast it. + +Cash 2.5% + +Gold 7.5% + +Crypto 10% + +Equity 50% + +Debt 30% + +Edit: I left out property from this because it's currently more than 95% of my total net worth. Also, a note about crypto, I didn't invest 10%, it grew to become 10% and I'm thinking of rebalancing this. + +**Mutual funds -** + +L&T Emerging Businesses (25%) + +Absl Top 100 (15%) + +Kotak Select Focus (15%) + +Reliance Top 200 (15%) + +**Stocks** (30%) + +**Niftybees** + +Ajanta Pharma + +**Auro pharma** + +Caplin point + +Lalpathlabs + +Aubank + +**Hdfcbank** + +**Yesbank** + +**Ibulhsgfin** + +Icicipruli + +Avanti feed + +Asian paints + +Britannia + +Colpal + +Hindunilvr + +Crisil + +Indigo + +Itc + +**Maruti** + +Tvs motors + +Mothersumi + +Pidilite + +Pi ind + +Relaxo + +Sheela foam + +Skipper + +Tata elxsi + +Infy + +**Tcs** + +Titan + +Whirlpool + +The ones in bold are my major investments in that particular sector. + +I realize this is a lot of stocks, it's mostly because I accumulated them at different times. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +As per my understanding, Cairn sued Indian government for “breach of the guarantee of fair and equitable treatment” which was against the India-UK bilateral treaty and that the breach caused a loss. Why is it that they are now going after the government and what solid reasons do they have that the judgement is in their favor? Why is Air India being targeted when their must be even bigger Indian government owned companies that operate in other countries? Surely Air India assets overseas are not in the billions? + +Devas Multimedia has now too attempted to seize Air India assets abroad. Why is that these contracts or whatever the deals or payments were not fulfilled by Indian government? What even were the circumstances that led to this? Also the arbitration award seem quite large +How will it affect IT companies who offers most buy backs? It seems govt wants to discourage buy backs. Seems like double taxation according to this article. + +https://m.economictimes.com/markets/stocks/news/sitharamans-new-tax-may-make-share-buyback-a-thing-of-the-past-and-how/articleshow/70112882.cms +Dearly Beloved, + + +We are all gathered here on the joyous occasion of giving away prizes to some of you from one of you. + + + +**Here's what happened** + + +We were contacted by /u/ohnoitisscary a couple of days ago. He wanted to give back to the subreddit for the advice he received here. We, the mods, felt that this is an ideal opportunity to acknowledge some of the users here who selflessly and consistently contribute to the community. + +We are proud to announce that the following users are going to receive Amazon Gift Cards worth Rs. 500/- each: + + +In no particular order: + + +/u/learnnorsk + + +/u/vineetr + + +/u/minvest + + +and for designing the new CSS theme, /u/AwkwardDev + + +The winners shall receive the gift codes via PM. + + +Pls join me in thanking /u/ohnoitsscary. + + +:) + +My mom rarely uses her email ID so she hasn't received spams in all these years. Recently I moved my mom's demat account to Zerodha and within a month her email is bombarded by spams selling financial products. Has anyone experienced this? +Now that platforms like Groww and ETMoney are providing direct mutual funds, what's the difference between investing through these platforms and through a direct fund house. Any secret charges? +https://www.cnbctv18.com/economy/cabinet-clears-five-changes-to-new-pension-scheme-1645131.htm/ + +Now NPS is on par with EPF from a taxation perspective. Will you invest in it or stay away? + +Personally I will continue to stay away as I'm planning to FIRE and do not want to put 80% of my NPS corpus in annuities when I withdraw. + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +Right now I invest only in Mutual Funds. Recently opened Zerodha account to invest in Direct MFs, and also to invest in stocks. + +I am only interested in Long term stock investing, not day trading. What stocks do you guys own in your folio which are more than 1/3/5 years old? If more than 3, what are your top 3 holdings? +- L&T — shitty website. If you have regular funds with them, good luck with direct investing. It's a bloody maze, the website is. Also, no customer support. No phone numbers. The best funds are run by them. Amazing. + +- Reliance — doesn't even list their best performing Small Cap Fund in the drop down menu of direct funds. What the hell! + +- IDFC — bad website, utterly confusing menus. But still, slightly better than the above two. + + +**Aggregators:** + +- MFUtility — hello 90s, I missed your website design. The entire thing is confusing. There's supposed to be a separate account number which links everything. And that needs verification and isn't instantaneous. + +Suddenly Kuvera is the only option. Or regular funds. +Hey all, + +I hope you are all doing well, with the current inflation rate and hike up of the interest rates, do you have concerns about repayment of your mortgages? +The next few years presenting quite tough situation based on the current highly possible recession. If mortgages of around $600000 30 years term might have a hike up of $1.5-2k monthly. How do you guys deal with it ? I mean it's as much as a requirement for additional part time job . + +I hope you are all good and keeping up. + +Thank you . +Hi, this is a bit weird but I don't know where to turn for help. My life has been flipped upside-down recently and I will probably never be able to work again so for the rest of my life I basically have to rely on whatever the government gives me. A couple of years ago that seemed doable but last year my NDIS funds almost halved and then after this year's review they have almost halved again. I can't rely on handouts that can drop like that with no warning and for no discernible reason. + +Before things went south for me I was saving for a deposit on a house and if I sell all the junk I have lying around I might be able to get up to about $80,000. Life is almost feeling hopeless enough for me to just take that money and just gamble it on a spin of the roulette wheel or something but I figure there are probably more reasonable ways of making the most of that money... however I have no idea where to start. + +I tried teaching myself but all this is too complicated for me. Any help/guidance/advice would be greatly appreciated. + +Edit: Thank you all so much for your help and advice and suggestions, and an extra thank you for your positivity and friendliness. You have shown me that I have more available to me than I realised and given me a lot to think about and you have given me hope that I can make this situation work for me :) + +Edit 2: Thank you to all the kind people recommending Barefoot Investor and even offering me copies. I have received a copy of the book and it is now at the top of my reading list. +I’m so happy with the small profit i made over the week. All my months of analysis and learning about the stock market are really starting to pay off. + I know what I must Now do. In order to really increase my win rate and minimize my losses, I must do the following: +-regularly use a trading journal +-use high-probability setups as well as a trading strategy that includes entry, exit and take profit zones +-remove the control FOMO has over me +-I must set a concrete risk-reward ratio +-continue analyzing price action and volume so as to sharpen my skills +-access new insight and information so as to broaden my perspective + +I believe that, if I were to adhere to all the above principles, I could eventually be making more money on the stock market — perhaps even $500 daily provided I have sufficient capital to do so. +[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! +Hi guys + +I am a female, 30 years old, and recently I discovered FIRE. Since I was already on Minimalism, it made a lot of sense to embrace frugal living and it’s great to have money to spare. It gives me a sense of freedom. + +However, I have a partner who is considerably older than me and he is not on the same page in regards to some things. Right now we rent a super expensive house and, in my next rental, I would love to move to a modest place - which would be cheaper and also easier to clean. We are planning to move by the end of the year, so still have time to decide. I am showing him places that cost $1400-$1600/m, but he only likes the places that cost $2200-$2600/m, because “quality of living is priceless”. + +I earn $115000/y and he will earn from next year on around $36000/y (right now he earns around $48k, but he wants to work less). I keep trying to talk to him about FIRE, that we should tone it down. He has no reserves for retirement and I definitely want to stack up on my reserves (I already have some). + +I am starting to think that we should split, but I understand that it was me who changed my habits (I had bad spending habits before). I don’t want to become bitter towards him, but I feel this is what is happening and I don’t want to spend all my money on things that don’t matter to me. The truth is I feel guilty, as I know he won’t be able to maintain the current lifestyle if we split and we have been together for 8 years. All my adult life I was with him. + +Did you have any cases of incompatibility? How did it go? + +Thank you +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 everyone, + +I want to start investing in the S&P 500 long term this year, but technically the only sector that seems reasonable to invest in right now is the energy sector. + +What are your thoughts on energy this year? Will it continue going up? + +Also, I want to invest in sectors of the S&P 500 that I believe have growth potential than investing in the entire market such as VOO or the SPY. What do you recommend? Sector investing or entire market? + +Thank you! +# Firstly, thanks UKPF! + +Hey UKPF. + +This morning I handed my notice in at my current employer, and start my new job in a month. Throughout the application, interview and offer stages of my new role I consulted this forum for advice and guidance, so I'd like to express my gratitude to the community on here. In return I'd like to share my experience with other people who might find information about the process useful. + +**I wondered if it was worth while starting a topic on the UKPF Wiki for applying for new jobs?** + +# Where to start... + +**Setting up job alerts on Indeed and LinkedIn is a great place to start.** You can tailor the search to a specific career and location, and then setup email alerts directly to your phone. If nothing else this will give you a better understanding of what's out there, what salary to expect, and what companies exist in your area. + +I found the job descriptions for the positions I was potentially interested in to be beneficial in shaping my CV. Looking at what employers wanted helped me identify the skills I have that I should include on my CV/application. + +Make sure you have: + +* An up to date CV, that looks the part. Consider looking at [GraphicRiver](https://graphicriver.net/cv-in-graphics) for CV design inspiration. +* Your National Insurance number. +* A valid passport. +* The notice period you are obliged to serve to your current employer, as outlined in your contract. + +# Interviews + +This was the scary part, a fear of the unknown. I applied for around 6 roles before I got an interview. Then like buses, two came at once. **Generally your first interview is to make sure you're not a psychopath.** I was invited in for an "informal chat" and felt like this was a good chance for any potential employer to see if you're a good fit for the team and company. + +An interview is a great chance to talk about yourself, but please remember to let the interviewer talk about their needs as well. Nerves sometimes take over and people can end up waffling. If you start a sentence, make sure you know where it's going before you begin talking. And absolutely **do not talk over your interviewer.** Be sure to talk about all of the positive things you can take from your old job. Talking about your previous employer negatively can sound like "my old job was shit, I'm desperate to move on and you'll do". + +**If you're interviewing for more than one position,** this is a good time to establish trust with either party. A simple **"to be transparent,** I am interviewing for one other position and I have an interview with them on \[date\]" will suffice. + +# Dealing with offers + +Congratulations, your new employer has deemed you not to be a psychopath and has offered you a position within the company. + +**Initially you may receive the offer over the phone.** If you do, thank them for the offer and ask if they can follow it up with a written offer letter via email - this letter should clearly outline the salary expectations and a possible start date. + +In my case I received an offer from Employer A before my second interview with Employer B. I took the advice of [this thread](https://www.reddit.com/r/UKPersonalFinance/comments/bv98qn/juggling_a_job_offer_and_final_interviews/) (thanks [u/corporategiraffe](https://www.reddit.com/u/corporategiraffe/) & [u/SA1996](https://www.reddit.com/u/SA1996/)) and opted for honesty. I told Employer A: + +>I'm very grateful for your offer and value the opportunity, however, I have a final stage interview with which I wish to complete before making a decision. + +It's also courteous at this stage to consider asking when they need confirmation by, and giving them a realistic deadline for when you'd know for definite - this went down really well with Employer A. I sat on this offer for a week before my second interview with Employer B. + +At the end of my final stage interview with Employer B I mentioned "for transparency" that I'd received another offer. They said it'd take a week to hear back on the outcome of my final stage interview. Within an hour I received an offer over the phone from them, followed by a written offer over email. Not only did having the offer from Employer A speed up the process of getting an offer from Employer B, but it also resulted in Employer B offering me a higher salary than I'd anticipated. + +At this stage I called Employer A and outlined why I was taking the offer from Employer B. Remember to leave this on good terms: + +>Thank you for your time, I hope you find the right candidate, I apologise for holding the process up, and I wish the business every success in the future. + +Follow this up with an email reiterating the same points. + +Subsequently I asked for Employer B to send over a copy of my contract before accepting their offer and handing my notice in. At this stage [this thread](https://www.reddit.com/r/UKPersonalFinance/comments/akrjx5/when_to_hand_in_resignation_etc/) was particularly useful (thanks [u/reddithenry](https://www.reddit.com/u/reddithenry/) & [u/edge2528](https://www.reddit.com/u/edge2528/)) + +# Handing your notice in + +Slightly nerve-wracking. I asked for a quick chat - in person - with my respective managers and owners of the business. I told them I was leaving, would serve my notice period, and that I was extremely grateful for the opportunities they'd given me during my time in their business. Remember to leave on good terms. You never know when or where you might meet these people again. + +Speaking to each manager in person first, before going to HR, is not only courteous but in my case was appreciated and respected. A lot can be said for hearing information from the horses mouth. + +Follow this up with an email to HR. I used this template: + +>Please accept this as notice of my resignation from the position of \[position\] at \[company\]. As per the terms of my employment contract, I will continue to work for the company for the next \[notice period\], to assist with the handing-over of responsibilities. I'm extremely grateful for the opportunities that I’ve experienced during my time here, and I’m thankful for all the help and support I’ve received along the way. + +# And finally... + +And finally some words of encouragement. + +I was initially scared to look for new positions - this was after all my first position in a career job post-university. My new employer roughly employs 30 times more people than my previous employer, giving me plenty of room to grow. My salary has increased 25% and I'll be able to use that to pay off credit card debt and save for a house. It's been a bit like ripping a plaster off. Initially it's going to be a shock, but inevitably it’s been for the best. There’s an element of risk involved in starting a new position, but by writing a list of pros and cons it becomes easier to whittle it down. + +I'll leave you with this quote from Warren Buffett, which confirmed my decision to move on: + +>*"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."* + +**Thanks again to the UKPF community, and if anyone has any input on this subject I'll gladly edit and add things to this post. Good luck!** +[This chart](http://static4.businessinsider.com/image/56cd9d646e97c61d008b9408-800-600/screen%20shot%202016-02-24%20at%207.05.40%20am.png), which comes from the Economic Report of the President, shows the sad state of global growth and perennially disappointed IMF forecasts. + +And while the failure of these forecasts for one or two years out is notable, it might be most depressing to see the IMF's 2011 forecast for 2016 gross-domestic-product growth of 5% miss the mark so widely. What could've been! +Its been a journey these last 9 months or so, but the train has reached my station. I’ll leave my original posts up, they all say about the same thing, mostly because my message hasn’t changed. Hopefully a few have gained some wrinkles about the RRP facility, that was my goal from the outset. I’m sure there will be countless times going forward where the RRP facility is tied into something bigger/nefarious/corrupt. My stance won’t change, my past posts will still hold true. You’ll just have to decide which argument holds more factual weight and then choose. Just remember, what ever narrative is being used, it has to coordinate with Money Market Funds using 91%, GSEs using 7% and Banks using **zero** percent. + +This is the highest print of the RRP we have seen, 12/31/21. https://imgur.com/a/VFfAjYX + +Just look at the percentage uses and whatever future theory on the RRP has to dovetail with those percentages. (As well as being in triparty but if you are reading this, you likely already know). + +As for my latest thoughts on the facility. Well, I was pretty shocked when the Fed kept the award rate for the facility above Fed Funds. I don’t understand the logic of it at all, but it’s kept the RRP facility’s use way higher than I expected after the tightening. All I can hope is that they drop it back to where it’s supposed to be after the next tightening. It’s created a “haves and have nots” situation in the front end. Those MMFs who have access to the RRP are able to invest in overnight paper yielding .30%. Those who don’t have to look at paper like the 1 month bill which yields .15% (at the time of writing its 4/4/22). Not only is the yield double on the RRP but the WAM hit is 1/30th. (WAM is weighted average maturity. MMFs have to have their entire portfolio have a WAM under 60days. So higher yielding shorter paper is amazing for them). I don’t know why the Fed has done this, but they did and it’s not particularly fair to the rest of the MMF complex. + +So, if the Fed does move the rate to where it’s supposed to be after the next tightening, a couple things will occur. + +First, the GSEs will move their cash from the RRP to their Fed account. Why? Because the award rate will be set 10bps **below** Fed Funds so it’ll make more money there. + +Second, dealer repo will become more attractive to MMFs than the RRP facility. The dealer repo rate (it’s actually just called the repo rate) will range between 5-15bps higher than the award rate for the RRP. So we should see dealer balances increase and the Fed RRP decrease. + +Will it go to zero? Eventually it should but it won’t be immediately. It’ll take a few months for dealers to allocate the balance sheet back to MMFs but if the rate spread works, the sheet will move. Also, month ends and particularly quarter ends will still see RRP activity. This is when dealer balance sheets are measured so they reduce exposure to MMFs and in turn the MMFs use the RRP. + +That’s about it. If you have questions, just look at one of my other 3 posts, they’ll have more details. I’m not going to delete my account but I’m also not going to be opening Reddit and responding to stuff as I have in the past. I realize that I’m just stating the same thing over and over. Often to the same people who have it stuck in their mind that “dirty repo” is the sign of the apocalypse. I’ve come to realize that some people just can’t be helped. They’ll figure it out eventually. + +I wish you all the best of luck in all your financial adventures. +>Microsoft Corp. is teaming up with Elon Musk's SpaceX as it takes on Amazon.com Inc. in cloud-computing for space customers, the Wall Street Journal reported. Microsoft will offer services using low-orbit spacecraft being developed by SpaceX and traditional satellite fleets circling the earth at higher altitudes, the paper reported. The initiative, which is targeting commercial and government space businesses, launched on Tuesday three months after Amazon Web Services disclosed its space plans. Microsoft will also work with Luxembourg's SES SA, which operates a network of larger satellites under the brand O3b. + +[Source](https://www.marketwatch.com/story/microsoft-to-work-with-elon-musks-spacex-in-cloud-computing-for-space-customers-wsj-2020-10-20?mod=mw_latestnews) + +**UPDATE:** + +[Microsoft partners with SpaceX to connect Azure cloud to Musk’s Starlink satellite internet](https://www.cnbc.com/2020/10/20/microsoft-expands-its-space-business-pairing-its-azure-cloud-with-spacexs-starlink-internet.html) +By nature human beings are greedy as hell. Stock market traders are even greedier. We’re gamblers looking for that big win that’s going to set us up for early retirement. I’m sure you’ve read those articles that talk about that lucky schmo hitting gold with a 1,000% gainer. Looking back in just this year alone I can remember 300% and even 400% gainers that occurred in stocks I was trading. I want you to understand that this is very rare and unless you’re lucky as hell you should never be reaching these level of gains on a stock. + +You can view the full article here: https://news.thebreadmaker.app. If you have any questions, feel free to hit me up on Twitter: @TheBreadMakerr + +I mean it. When trading short term you shouldn’t have a single stock gain higher than 20%(excluding options). If you do then you’re gambling my friend. Now, when I say short term I mean less than 2 months. Anything held less than two months isn’t investing - it’s trading. Don’t get me wrong, if you’re investing into a company long term then yes we will want to see higher than 20% gains over the life of our holding. This article though is going to focus on our short term trading and why staying disciplined is the key to success. + +**Discipline**. Yep. There’s that word again. It’s one of the three pillars to successful trading and it’s the backbone of the 5% rule. If you do not have discipline you won’t succeed at trading stocks. I can’t say that enough. Practice it on every trade. + +The 5% Rule is simple and very effective. It helps you take profits and move on to your next trade without getting caught in the emotional rollercoaster that a stock often brings with it. It also helps you escape and run away from a stock when things get sour as well. Every trader needs to have their own rules but if you aren’t a successful professional then my suggestion is you start with this one. + +### The 5% Rule + +Remember, I said it’s simple. The 5% rule means that we are shooting for 5% profit from our trade. Yes, I know that this might not seem like a lot to some of you. However, compounding that 5% week over week is going to do some serious David Blane magic. If you’re trading with just a hundred dollars then making five bucks on every trade isn’t going to seem like a real win. However, making 5% on twenty grand is going to feel great. + +Our target is 5% because stocks tend to run 5-10% on reversals. The strategy that we know and love and hold dear to our heart see’s these price target hits on nearly every play. More on that later though. With 5% as our target we are entering and exiting before the hype turns our golden apple into a poisonous one. Trust me, in every bullish stock run there is a point where buyers start to become sellers. People will realize that the stock is getting too much hype and shorts will come flocking in. When this happens the trade is iffy. As a successful trader we never want to find ourselves in these murky waters. We want to be three trades down the road when this happens. + +I could talk about this strategy for days but the best way to show the effectiveness is with data. Below is the magic of compounding your 5% and what it can do to your account regardless of the size. + +I typically trade with a brokerage account within my 401k. It’s a cash account which means if necessary I can day trade it as long as I still have cash to buy with. My account was once nothing. When I first started I just wanted to learn the basics of trading and while I got extremely lucky I also found myself with some pretty big losses. Needless to say once I became disciplined I was able to strategically use the 5% rule to consistently lock in profits and overtime my account went from $5,000.00 to over $50,000.00! This is where I keep my account now. + +Okay, enough talking. Let’s see the magic! + +I typically make three trades a week. I use my entire balance across those trades. This can be risky and defeats the purpose of the age old wisdom of not putting all of your eggs into one basket. One thing to keep in mind though is that this is just one egg in my big basket of investments. This is my short term trading egg and if I lose it all…well while that would suck I would still have the rest of my diversified portfolio working for me. + +Okay, for real now. I’m done talking here’s the magic: + +Three trades a week: +Starting balance of $5,000.00 +5% profit on each trade. + +**Week One:** +Trade 1: $5,000 buy in. Profit: $250 +Trade 2: $5,250 buy in. Profit: $262 +Trade 3: $5,512 buy in. Profit: $276 +**End of First Week: $5,788 Profit for week: $788** + +**Week Two:** +Trade 1: $5,788 buy in. Profit: $289 +Trade 2: $6,077 buy in. Profit: $304 +Trade 3: $6,381 buy in. Profit: $319 +**End of Second Week: $6,700 Profit for week: $912** + +**Week Three:** +Trade 1: $6,700 buy in. Profit: $335 +Trade 2: $7,035 buy in. Profit: $351 +Trade 3: $7,386 buy in. Profit: $369 +**End of Third Week: $7,755 Profi for weekt: $1,055** + +**Week Four:** +Trade 1: $7,755 buy in. Profit: $387 +Trade 2: $8,142 buy in. Profit: $407 +Trade 3: $8,549 buy in. Profit: $427 +**End of Fourth Week: $8,976 Profit for week: $1,221** + +**End of Month Profit: $3,976.00** +Yep. We almost doubled our money. + +I know you’re thinking…this can’t be real. Of course, there are a few hiccups along the way. We might have to hold a stock longer than we like. We may be forced to take a loss and exit. Generally though there are plenty of months that look like this. As I mentioned above my account is at $50,000. This allows me to break up this amount of money into chunks of $10,000+ and spread out my cash so it’s easier for myself to reach these levels than someone with just $5,000 in their account. The key takeaway from this exercise though is 5% adds up. + +Stop chasing incredible gains. Those are shooting stars and while there are multiple shooting stars every night its hard to predict where they’ll be and they move too fast to catch the profit. Instead focus on the stars. They are spread out all over the market and can be found every single day. + +The 5% rule works. Delete the “Get Rich Quick” mentality from your mindset and with patience, discipline and time you’ll see the growth in your account. +This is a complete shitpost and rant, but I keep coming back to 'Don't Look Up' every time I hear the Corporate Media spew absolute crap to the public. Hear me out on this, but Corporate Media has influenced millions of people that GameStop is a "meme" stock controlled by apes and they shouldn't buy it. + +&#x200B; + +I ran across this post earlier: [https://www.reddit.com/r/Superstonk/comments/ulr303/if\_we\_do\_end\_up\_running\_at\_some\_point\_this\_month/](https://www.reddit.com/r/Superstonk/comments/ulr303/if_we_do_end_up_running_at_some_point_this_month/) (shoutout to u/bigfirehydrant) and it made think of how 'Don't Look Up' is a perfect example of how the media and the institutions that "govern" everything spin a narrative that everything is fine, GME isn't the play, inflation is transitory, and NASDAQ dropping 5+% in one day is because everyone re-evaluated the interest rate hike that evening and decided it would be best to sell the next day. + +&#x200B; + +When everything goes down, and stays down, and GME jumps 100% in a day while everything else is crashing, people will soon realize the the meteor/asteroid IS, in fact, coming for them, and by that time it will be inevitable. I'm assuming that they will turn off the buy button again to keep the public from joining us apes. We will be on our own, and we will be blamed by the corporate media, but by that time, the people will already realized that we were right, the meteor/asteroid is coming, and they were swindled by the government and the corporate media. + +&#x200B; + +The aftermath of it all, won't come for a long time, but I firmly believe that the corporate media will withstand that backlash, and people will go back to doing what they always do...listening to the divide and conquer. They will blame us, the apes, the meme-stockers who just won't sell. They will spin the most off-the-wall things they can to paint us as the bad guys. But "we aren't the bad guys here. We didn't defraud the American people and prey on their dreams of owning a home. Alright? They did. Now we get to kick them in the teeth." +Though I have neglected studying to where I don’t remember too much, I learned latin, German, and Spanish from practicing on my phone! Plus there are apps that allow you to practice with native speakers and the like. I also make a game out of it at the grocer; I try to mentally translate food items in my head. It also helps me feel less stuck, as I am actively learning. + +It’s a mudane thing when you are poor, hobbies, but I feel like they help us keep our sanity. Plus with there being always something new to learn, it’s hard to ever feel too monotonous. +so the sector i am currently up to is energy, which has 2 industries in it according to The Global Industry Classification Standard (GICS®) + +the 2 being. + + ENERGY EQUIPMENT & SERVICES + + OIL, GAS & CONSUMABLE FUELS + +&#x200B; + +now i am confused as to where certain companies would be in the first or second industry. + +first off, renewable energy. + +so the corporate finance institute (CFI) describes both of the industries as such: + +#### Energy Equipment & Services Industry (we will call this industry 1) + +The energy equipment & services industry comprises oil and gas drilling contractors, manufacturers of drilling equipment, and businesses that provide services related to drilling and completion of oil or gas wells. Helmerich & Payne, Inc., Unit Corporation, and Exterran Corp. are some of the players in the U.S. energy equipment & services industry. + +&#x200B; + +#### Oil, Gas & Consumable Fuels Industry (we will call this industry 2) + +Companies in the oil and gas industry can be categorized into the upstream, the midstream, and the downstream. They have different positions in the supply chain. + +* The **upstream** companies are involved in exploring potential crude oil and natural gas fields. They also exploit these energy resources through drilling and operating wells. Mergers, acquisitions, and divestitures happen in the upstream frequently. +* The **midstream** provides storage, transportation, and wholesale marketing for oil, gas, and petroleum products. Transportation providers include pipeline transportation companies, barge companies, railroad companies, and other logistics companies. +* The **downstream** is involved in post-production activities. The downstream companies refine crude oil and raw natural gas into consumable fuels, such as gasoline, diesel fuel, and jet fuel. They also distribute derived products such as waxes, lubricants, and many other petrochemicals. The midstream is often considered a part of the downstream. + +so they say: + +>"energy equipment & services industry comprises oil and gas drilling contractors, manufacturers of drilling equipment, and businesses that provide services related to drilling and completion of oil or gas wells." + +so a few questions i have with this: + +1. where would this leave renewable energy such as solar or hydro energy? because solar for example does not need to be constantly drilled and mined such as oil. so i cant see it being in industry number 1. +2. also renewable energy is not a consumable fuel and doesnt need to be constantly replaced, so i cant see it in industry 2 either. + +&#x200B; + +please someone help me out, is there possibly a site that better explains sectors and industries? + +&#x200B; + +tl;dr: what industry is renewable energy in???? +The majority of individual investors track their performance by comparing their returns to an index. + +For those who consistently beat the market, was there ever a time where you didn't? How long did it last? Did you end up changing your processes? + +For those who don't beat the market, why do you believe so? Was there a time (or are there times) where you did beat the market? + +Just trying to spark up some friendly discussion and maybe allow some losers/winners to talk about their mistakes/successes. + +Thanks! +I have been focused lately on trying to understand fraud and was wondering what the rest of you all might look for in your research. I ran across something called "Benford's Law" that is used by forensic accountants, but I ran Enron's financials through it and it didn't show anything suspicious. It is quite concerning to me how easy it is to fudge numbers, and I am looking for tips on how to spot it before it is too late. +Hitting myself for selling BLNK at $7.08 as it’s around $22 now. Realized that I sold due to bad news catalyst and if I had stuck to my guns I’d be happy now instead. Considering waiting for it to correct a bit and buy back in if the valuation is right. + +Either way it got me thinking that this has still got to be a decent industry to go into. Considering all the big name automakers are coming around to EVs, people will need to be able to charge them. Either at home, or at work. Of course Tesla has their super chargers but how about a universal charger that will work with a multitude of EVs when the market becomes more saturated in a few decades? + +Curious as to anyone’s thoughts. +Is there any software/website (ideally cheap or free) that can backtest the performance of using different fundamental screens? (E.g. it would automatically select stocks resulting from the screen fundamentals, weight by market cap and rebalance at some defined interval - like a DIY index). + +&#x200B; + +Edit: Not exactly what I was looking for but I have found a site showing backtests of a variety of value screens/factors, if anyone else is interested. + +[https://www.aaii.com/stockideas/factors](https://www.aaii.com/stockideas/factors) +Tobacco stocks have been Beaton down recently, so I thought it would be a good idea 2 analyze them + +Pros: Very high/safe dividends- because these companies don't advertise(it's illegal) and have very consistent customers bc ya know their literally addicted to the companies products, they have lots of cash sitting on the sidelines to pay out in dividends. It's also the only way 2 attract investors because cigarettes aren't exactly seen as a growing trend. + +Moat: Lets say your starting a new cigarette company. One question, how do u compete with the big brands (Marlboro, Camel, Lucky strike)? Reality is you can't, because advertising cigarettes are illegal in the west, so you would have to rely on word of mouth witch is pretty unlikely. + +Cons: Well to state the obvious they're literally killing their customers, so if you have high moral standards then don't invest(just know any large cap or dividend etf's/indexes definitely hold tobacco stocks- SNP500,vym,schd etc...) + +Declining industry- this is actually more complicated than you might think for multiple reasons. 1) in emerging markets(cough cough third world countries) as industrialization occurs and people have more money and they buy cigarettes, also big tobacco is allowed to advertise in a lot of these markets. 2) Big tobacco likes to brag about how their transitioning from cigarettes to alternatives (Vapes, chewing tobacco, weed), this is usually done through Murders and executions with smaller companies. + +Regulation/Taxes- In order to dissuade smoking, western governments increase Regulation, and raise taxes. This might stop potential new users(addicts), but when the taxes increase big tobacco also raises the price on their end to increase margin. And of course people who r addicted 2 cigarettes will probably pay whatever price they can get them for. + +Now the question is what tobacco company would make a good investment? Well Philip Morris(PM) is internationally focused which should mean they have more potential for growth, and this shows with their stock price trading at a pe of 17. Not exactly overvalued, but for a company with low growth, expected returns will most likely not be very high. Dividend 4.98 + +Between big tobacco focused on the western markets (MO)Altria and (BTI) British American Tobacco, the better value imo is BTI. The ways these companies try to impress shareholders is to buy cigarette alternatives. MO has the worst track record of overpaying for companies compared 2 BTI(JUUl Kronos). These brands are still a small percentage of these companies portfolios, so betting on which one will dominate the weed business in 20 years is speculation, Although I do believe big tobacco will dominate the weed business bc they're the ones with logistics, money, lobbies, brand consistency, ect... I see BTI as the better by right now as they have a pe of 9.7 dividend of 7.7 compared 2 MO pe 21 div of 6.9. PE obviously isn't the be all end all, but if you compare other metrics you'll probably get my point. + +After my research Ive concluded I won't be picking up tobacco stocks anytime soon. While it would make sense for an investror closer to retirement for consistent dividends, my time horizon is pretty long, and I think there's better opportunities out their. If (PM) dropped to about 60 a share I would probably be a player then. + +PS- you can still make money on an industry losing value- if a company makes $10 and loses $1 a year, and you pay .50 for it, that's a good deal + +PPS- don't smoke + +PPPS- did anyone get the American psycho reference? +I’m asking this question because I am interested in what companies people will be really looking at if the market crashes so that I can start looking at them now and be prepared if it ever happens. I got the inspiration for this question from a recent episode of the Acquirer’s Podcast. +I have recently grown interest in value investing and started reading the Warren Buffet Accounting Book: Reading Financial Statements for Value Investing, after that will be reading The Intelligent Investor. +And additionally I have been watching the annual meetings from Berkshire. + +I have a capital of 4 digits, quite a small sum and I have heard that Buffett suggests finding small securities for higher outcomes like %50 or so but one of his rule is that the company should have a moat, so is it possible that small securities also could have a moat like Apple, Coca Cola? + +Also I would appreciate any book suggestions for investing with small sum(5-10k). +You've probably made some investing mistakes this year, or at least done some things sub-optimally. Or maybe you've just learned more about certain topics over the last year. So please share what you've learned, either about your specific approach or investing in general. + +What will be different for you in 2023? Will you apply anything you've learned in 2022? Whether it's philosophy, strategy, or tactics, please share. +Is anyone here using options at all with your value investing strategy? If so, how? + +I know that Buffett uses them occasionally to enter positions at prices he likes (as well as LEAPs on indexes during volatility). Was curious to see how everyone here uses them (if at all). +Thought I was getting in on a discount and I’m down over 30% on each stock. It’s easy to say hold but would it benefit me more to take losses and move money into companies like AAPL, MSFT, or DIS? +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +I have always followed the saying "Time in the market is better than timing the market" and invested my money as soon as I earned it, every single month, holding basically no cash (for investing, that is). + +However, Berkshire has been holding a ton of cash, just like they did in the dotcom bubble. Also, inflation seens to be getting out of control, and the Fed may need to be more hawkish. + +Considering all that, I am thinking about finally starting holding some cash, in case value opportunities appear. + +Lastly, I know people have been calling a crash since 2013 or so, but back then there was not nearly as much inflation as today, and the Fed was very dovish, which seens to be changing. + +Thank you in advance +I’ve read small anecdotes here and there that I find interesting around this question. The basic logic is … more money has poured into the stock markets in extreme speed and volume than ever before in history. And more of this money is passive than ever before - meaning it is invested in index funds and other etfs for which individuals do not fully control the securities selected. All index funds and many etfs are not even actively managed by fund managers - they have a formula they follow based off overall market performance of the market that self selects the stocks to put in. Or they literally just follow an index and pick up / drop stocks as the index does. Why? Because for the last 50 some years there has a been a slowly built narrative - invest in market itself aka etfs - over time you will earn 7ish percent per year and etc etc. Its nearly impossible to beat the market etc etc. This narrative has held true. + +The catch is, we had a lot of reasons for this to be true - so many active investors made the market more efficient which led to the ability for a market average to be not only greater than what most investors could do - it also made the market average be closer to fundamentals. With so much passive investment today, the invested capital has never been more lazily allocated. So even if the market average is still strong, it’s ability to be tied to fundamentals has never been weaker. + +This lazy capital means that when times get rough, the market and thus indexes may perform more poorly than in the past for a given amount of economic struggle. + +So, long story short - the idea is that it’s becoming more more unattractive to invest passively because once everyone is doing it, the original reason of doing it to benefit off the back of the intelligent market …is eroded. + + +I’m still kinda deciding what I think about all this because it does go against a narrative I’ve been taught about the greatness of passive investing. Hard to not follow the logic though. + +Thoughts??? +After I've completed my studies hopefully I will be earning income within the next year through employment or once my startup is viable for venture capital. If I do not relocate I could still live with my parents for up to 3 years but most likely I may have to relocate and find a property that is cheap to rent and I see myself being able to do that for 7 - 10 years if I need to. + +I'm a budding long term investor and I just wanted to get some advice from value investors with more experience than myself. I'd ultimately prefer to buy land and build my own home from scratch one day. I learnt from my mother when she did this and she definitely got much more value by doing this rather than buying an already constructed house. However, as it stands right now I value owning investments more than I do a property. I'm just not sure that it's wise to value this more. + +Would it be wise to instead pay a mortgage for a home after I start earning and then only later invest the monthly amount that I'd like to or would it be better to rent a place and invest much more than I would if I took the property buying route? +I own some shares of Tencent (TCEHY), but I’ve noticed some people prefer to buy shares of a company called Prosus. Prosus apparently is a cheaper way to own Tencent, but I don’t quite understand the whole situation. Does anyone have good articles or interviews about Prosus that I could check before I put my money in something I don’t understand? +Their cash flow has been increasing, yet at a slowing pace and with a pace of around 15% would leave them closer to correctly valued. It is definitely true they are a strong money maker and are going to be around for years to come, but how much will Apple blocking Facebooks tracking affect its ability to generate revenue through advertising. It also seems like people are making large guesses as to how the meta verse will play out and it seems like most people think it’s going to be a big waste of money. In my evaluation I think it’s worth more around 325$ per share which is a small margin and maybe not as much as other companies offer. +New to value investing. As I learn about it, what jumps out at me is that so much of the "legwork" associated with picking stocks using these tools is now simple to accomplish with software tools. I'm talking about valuation and screening here. These are generally straightforward calculations and analyses. + +Add to that AI/ML (in whatever forms that takes), and you have institutional and well-resourced private investors trivially identifying underpriced stocks and buying accordingly. Surely this is a MBA 101 exercise by now. + +Is this investment strategy for individual non-professionals still relevant with respect to modern tech and software? + +Is there some "finesse" that an individual, non-professional investor can bring to this? +The majority of individual investors track their performance by comparing their returns to an index. + +For those who consistently beat the market, was there ever a time where you didn't? How long did it last? Did you end up changing your processes? + +For those who don't beat the market, why do you believe so? Was there a time (or are there times) where you did beat the market? + +Just trying to spark up some friendly discussion and maybe allow some losers/winners to talk about their mistakes/successes. + +Thanks! +Robinhood said on Thursday in an amended filing that existing shareholders will sell up 97.9 million shares over time. The news knocked shares of the trading app that have surged this week. + +The commission-free broker will not receive any of the proceeds from the stock sale of 97,876,033 shares of its Class A common stock. The offering is through an automatic conversion of certain convertible notes held by the selling stockholders in connection with its initial public offering. + +The stockholders were among those that came to Robinbood’s rescue during the historic trading mania earlier this year. Faced with unprecedented volatility and increased deposit requirements, the broker was forced to tap credit lines and raised new debt to ensure it has enough cash to clear trades. It also briefly restricted trading in a number of short-squeeze names. + +These selling shareholders include a number of venture capital firms that invested in Robinhood early on. For instance, New Enterprise Associates, which owns more than 10% of Robinhood shares, is among the list of sellers in this offering. Andreessen Horowitz, ICONIQ Capital, Institutional Venture Partners and Ribbit Capital were also among the selling stockholders. + +Source: +https://www.cnbc.com/2021/08/05/robinhood-shares-fall-as-stockholders-file-to-sell-up-to-97point9-million-shares-over-time.html +Even though you probably won't admit it, you are secretly holding thousands of Doge hoping that one day it will hit $1 and make your dreams come true. + +#**What is Dogecoin?** + +Dogecoin was co-founded by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer, who set out to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. + +***Full story and a lot of interesting stuff can be found on the [Wiki page](https://en.wikipedia.org/wiki/Dogecoin)*.** + +In the beginning, there were only 100 Billion Doge, and all of them were mined in just two years. After that, the code was updated and another 5 Billion Doge were to be created every year making Doge a currency with infinite supply somewhere in 2015. As documented by [mainstream media](https://arstechnica.com/information-technology/2014/02/dogecoin-to-allow-annual-inflation-of-5-billion-coins-each-year-forever/), some community members disliked this decision and complained that their investment will go to zero while others supported the unlimited supply because true Doge believers don't care about USD value. With all those new digital assets emerging from nowhere the internet needed a currency and Doge filled that gap. + +#**Why is Dogecoin?** + +If Bitcoin ever goes mainstream you probably won't be able to purchase a whole Bitcoin ever again. Sats would become the standard and value should (in theory) constantly keep going up because network usage will need to keep going up as well. Now imagine that you actually held through hell and back, waited for Bitcoin to hit millions just to lose your private keys however that may happen. No one would be able to recover that capital and you would find it hard to get a new reason to move on. With infinite inflation, things look a bit different. + +Scarcity rewards those that get in early and hold on to that currency until demand increases significantly. Doge, on the other hand, incentivizes spending and transacting making it an actual currency. 5 Billion coins per year do sound like a lot but it makes perfect sense in the long run. For example, if you have 100 coins and add 100 more the next year your inflation rate would be 100% but as time passes that percentage will decrease due to the increase in supply. In 100 years your inflation rate is only 1% and still decreasing. To put it simply, Bitcoin is an asset that is expected to have an increase in demand within the next few years or decades while Dogecoin is a currency that aims to provide fast, easy, and cheap value transfers in everyday transactions. If Bitcoin is used to store value, Dogecoin is a tool to quickly and cheaply transfer that value. + +#**How is Dogecoin?** + +Dogecoin was created as a fork of Litecoin and is also [secured by miners](https://www.coinwarz.com/mining/dogecoin/hashrate-chart). It has a much faster block time than LTC of just 1 minute, which made Dogecoin one of the fastest and cheapest currencies to transact with back in the "old days". It recently spiked in popularity thanks to Elon Musk and TikTok but if you actually follow the [Dogecoin subreddit](https://np.reddit.com/r/dogecoin/) you will notice that they don't care much about your price speculation. As long as 1 Doge = 1 Doge no one is complaining. In terms of development, there hasn't been a single major update since 2015 but we did make it to [NASCAR](https://www.theguardian.com/technology/2014/mar/27/nascar-dogecoin-sponsor-josh-wise-talladega-superspeedway). As far as network usage goes, Dogecoin [averages](https://bitinfocharts.com/dogecoin/) about 1.3k per hour compared to 14k on the Bitcoin network. + +So how is Dogecoin? Same as usual I guess. +I’m in the process of deleveraging my account from stocks I bought on full margin after the crash last year. I’m not ready to sell some of the stocks yet since some still haven’t reached pre-pandemic highs which I think they will as do analysts covering the stock. + +But to take some leveraged risk off the table, I’ve just been keeping cash to the side in the account which has been building up. + +It seems like AT&T might be a good stock to generate some extra income with this cash. It seems like this thing will hover around $30 forever. + +You can currently sell ATM puts for Friday for $0.41. That generates about a 1.3% return on the strike price of $30. If you go down to $29.5, then it’s $0.21 a put or a 0.99% which seems pretty good for a conservative stock. + +I get earnings are this week but the IV didn’t really change much. It went from a recent low of 19% to 22%. + +Are there any better stocks to wheel with a conservative strategy in mind? +VIX may very well exceed 30 next week. If that happens, I’m thinking about buying a whole mess of put debit spreads on $UVXY. For some trading ideas, I buy options rather than Thetagang. What are your thoughts? What position will you open when VIX exceeds 30, if any? + +If you don’t already know, an average VIX reading is around 20 and elevated VIX will ALWAYS mean revert. +What do you think of people who use TA and possibly news to scalp/day trade/swing trade options? Are those people no better than WSB? Does it work? Any opinions? +There's actually no disagreement over whether book/plan removes shares from direct Cede/DTC ownership; they both do. Book shares are 'Pure DRS' directly in your name. Plan shares are book-entry entitlements recorded by CS. Both types of shares themselves are unavailable to brokers/DTC for lending or any other purpose. + +But, there IS a difference between book/plan, such that plan shares are placed back into the DTC system by CS for operational efficiency. + +https://preview.redd.it/u2pmmsesq45a1.jpg?width=680&format=pjpg&auto=webp&s=992c2a9a308a002e01d2b75f5a4e8fd301d778f2 + +Theoretically, if 100% Book DRS is achieved, there should be ZERO shares available within brokers/DTC's system. Whereas, if some amount of shares are in DSPP, then at least some portion of that is placed back into broker in DTC by CS. And as long as brokers have some amount of shares in their system/on their ledger, we have an idea the things they can do with them such a lending and using for 'reasonable locates'. + +Plan shares is the only way to hold fractional on CS and arguably necessary especially if you're purchasing direct from CS. But if the ultimate goal of DRS is to completely remove shares from circulating within the system, or to maximally reduce the amount of shares available, then it doesn't seem optimal to hold more than a remaining fractional share in DSPP. + +&#x200B; + +\*\*\* Edit/additional: + +If you decide book shares is right for you, please be mindful that only whole shares can be held in Book DRS form. + +To be clear: talking with the assistants and aides is just important as trying to change a Congressperson's mind - at least with something like this. Awareness and numbers of people educated on this topic matter big-time. + +**The aides are usually part of a large network of people who are well aware of the corruption and don't know what to do - andor are looking to make money themselves.** + +Talking about the 90-95% of retail orders going to dark pools is exceedingly easy to understand and *comes from a credible, authoritative source - the SEC chair.* + +Citadel and co. want you to NOT call Congress and talk about this issue. If you want to do Citadel's bidding and make them happy, then don't call. It's that simple. + +Take **three** measly minutes to call Congress right now. Even if the message doesn't impact the Congressperson themselves, you at least have a ***chance of educating the assistants and their network.*** + +One of the best things we can do *at this instant* is related to the interview by Gary Gensler, who confirmed about a month ago on Bloomberg TV that 90-95% of retail stock orders go to dark pools - where they're bundled and manipulated - creating massive amounts of possibilities for fraud. Indeed, that's what we're seeing now. [Here's the video and interview - pertinent part starts at ~3:50.](https://youtu.be/NBkPQ0VsWV0). **Dark pools are fucking illegal in the U.K., Australia, and Europe.** + + + +If you call, I suggest something like this: + +>Hi, I'm calling to tell the Senator/Representative about something I recently learned and would like to impress upon him/her the importance to understand and address. + +>About a month and a half ago, the head of the SEC, Gary Gensler did an interview with Bloomberg TV wherein he confirmed that 90-95% of retail stock trades are routed through something called dark pools. That's to say that 90-95% of trades made by average people - not hedge funds with computers and so on - are being sent to these "dark pools" where there is no transparency and lots of room for fraud and manipulation. + +>Indeed, "dark pools" and the underlying mechanisms associated with them are illegal in the U.K., Australia, and Europe - because they allow for theft, fraud, and manipulation. In fact, that's what we're seeing now in the market here in the U.S. on a truly unprecedented scale. + +>For all intents and purposes, the overwhelming majority of the American populace - to put a descriptive characterization to it - is being backstabbed and stolen from on a daily basis due to the hedge funds using these dark pools. The matter is of dire importance for the economy and well-being of the United States. Senator/Representative ____________ needs to look into this and speak out about it. Thank you very much for your time. + +_________________________________________________________________________________________ + +One of the best tools in figuring out who your Congresspeople is at https://whoismyrepresentative.com + +Also, *DRS* your shares. Sleep better at night. + +_____________________________________________________________________________________________ + +Citadel and co. want you to NOT call Congress and talk about this issue. If you want to do Citadel's bidding and make them happy, then don't call. It's that simple. +Today's announcement shows that not only short didn't cover, but also they wanna make Apes feel that no matter what GME announces, the price isn't going to go up. + +I am certain that they doubled down on their short since last January as many DDs indicated. Things are unfolding in slow motion. Things have been very weird the last 6 weeks. + +There is a very nice mathematical/statistical DD that was posted 6-10 months ago (I will try to dig it up) showed that the short % is close to 900%. I am starting to believe it's north of this number. That's why, short will never cover, because it means their death. The only way to force them to close is by DRS or/and NTF dividend is issued. + +Apes will be rewarded bigly. For me, I stay patient, DRS and treat GME like my saving account. +I’ve only been in this space for a few years and this is so ridiculous to me. Everyone should be ecstatic they get to buy btc so cheap. Instead, people panic and sell everything. This is dumb for many reasons. + +1. You’re selling for a loss +2. Nothing about Bitcoin has changed +3. You could get Bitcoin cheap + +People panic selling clearly didn’t do any research. This asset is volatile and the technology is extraordinary. I’ll be happy if it reaches 10k +High interest rates are here to stay it looks like based on the upcoming budget + +https://amp.theguardian.com/australia-news/2022/oct/24/australian-budget-2022-preview-what-we-know-so-far +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! +Edit: Thank you all the (mostly) constructive comments. This got way more attention than I expected. My husband and I are reading all of the responses. We grew up in a world telling us to follow our dreams and we can do anything we want if we work hard. But doing this at this point in our lives is simply foolish. Honestly, we had almost reached that decision but I wanted opinions from someone without an emotional attachment. And we got plenty of those. Barring (pun intended) a magical windfall, my husband is going to finish school. + +I(29F) am hoping I can get some objective advice. My husband (29M) has an opportunity to start a retail and bar business that looks promising. It would cost us only 15k for 50% ownership of the company. The start up costs would be way more but his would-be partner's family is going to fund the rest, at around 40k. His partner is also investing 15k of his own money and wants us to simply match his amount. This has been his dream for some time. The problem is we don't have 15k and in fact are in debt from student loans at about 40k. Which all in all is not too bad except that he is currently 8 classes away from graduating with a bachelor's degree in math. He would have to drop out, and the debt we have been accruing for years would have been for nothing. This offer is in another state, so he couldn't continue school part time or even transfer because he is too close to graduation. If the business failed, and he returned to school, by then we would no longer be residents and couldn't afford tuition. + +I support my husband financially while he is in school. I make around 60k per year. I am happy to be the provider right now, and have never resented the fact that I am in this role because my husband is a wonderful man who I know would do the same for me. My salary would cover us while he is getting the store off the ground, but likely in a paycheck to paycheck way. Plus starting a business is always risky. I can't help but feel like we would be putting our financial future in jeopardy. + +He is devastated at this offer happening now. He knows it is not the right time. But so many people say you should follow your dreams. And this is such a good opportunity. Any other time it would cost us a lot more to get in the door. So do we take the chance at this paying off in the long run and in the mean time my husband gets to pursue something he loves instead of something he tolerates? Or do we pass, and continue on our current path? + +TLDR: Do we follow my husband's dream of opening a new business at a start up cost of only 15k when it means dropping out of college so close to graduation and dealing with 40k of student loan debt plus whatever debt we incur from new business? +Seriously I've been scouring for any bear conversation about the short term that includes one single brain cell of activity. + +Lots of people quick to point out the lack of long term fundamentals, and sir to you I say, this is a casino, behind a dumpster, behind a Wendy's. + +Someone tell me why this is not one of the most one sided short term best we have ever seen + +I'm not talking about some of the more extreme theories on the spin off subreddits, but the actual public data surrounding the stock recently. + +Specifically; 25% and up short interest, 70+ days at 100% utilization, and cost to borrow spiking like it did on the initial "squeeze" + +It seems like a no Brainer, and frankly all the bearish comments are disappointing, can anyone actually tell me why a short term squeeze won't happen at this point? + +Edit: 3 hours in, lots of long term bear cases, and people calling it a cult, no actual short term bear cases and the stock is up 20% on open LMAO +I am 13 hours into being free of consumer debt. I even overpaid one by a dollar, which I donated last night as well. + +It started in November with the revelation that I have nothing to show for my income. I've been employed for over 15 years with a career in IT, now on the doorstep of six-figures. I added up the interest on those ~20% APR cards and it infuriated me. If you carry a balance, they're charging YOU for money that isn't even useful anymore. + +I had: + +* Close to no savings + +* No house, we rent + +* $7K of Credit Cards + +* $50K in student loans + +* $600 IRS Bill + +* Some retirement/401Ks + +* A meh lifestyle even though I spent close to every dollar I earned. + + + +I started reading PF books. I think in a week I read Total Money Makeover, Financial Peace, Millionaire Next Door, and started Think and Grow Rich. I read a few other books before (Suze Orman) but they just didn't have a lot of impact on my late-20's self. This time I got serious: I have a wife and two kids with another on the way. + +The Plan and things we did. + +* Read books, blogs, /r/frugal and /r/personalfinance + +* Made an envelope budget, got back into Mint. + +* Cut cable (-$140/mo) + +* Started turning lights off when not in use. + +* Did not renew Disney Parks Annual passes (~$1000) + +* Negotiated down our cellphone bill (-$40/mo) + +* Downgraded our gym memberships (-$100/mo) + +* Started cooking about 90% of our meals, taking home leftovers from parties, ate a lot of pasta, chicken, cheap cuts of beef. + +* Acquired a taste for $2.50/bottle wine. + + + +We're positioned to split paying off student loans (will be a post two years from now) and building up a 6 month emergency fund. + + + +The most profound change over the past 5 months has been a lower key lifestyle that we've become accustomed to and kind of enjoy. We eat out and buy toys and clothes for ourselves and the kids, but not nearly as much and all on a budget. In 5 months we've also donated more money than we have in the past year - I don't know how that works, it doesn't Mathematically. Honestly, the adjustment that hurt the most was Cable TV - I did this toward the end of Football season. + + +EDIT: I still have $50k of student loans. Though the credit was small in comparison I can focus fire on the student debt now. Step-by-step that's how to methodically get out of debt. + + +EDIT: My income. Who cares? Paying off in 5 months while feeding a family stung a little at first. I threw a month of takehome pay that I will never see again at this debt. That hurts. + + +EDIT: I read books. I didn't learn anything new, didn't discover anything, my story isn't a revelation - all I did was decide to start following age-old advice echoed on this sub, /r/frugal, and every talking head in the Personal Finance industry. I'm just another guy that lived most of his adult life owing people money - been there, done that I want to know what the other way feels like. +Quick background I hate spending money, and try very hard to save almost everything which in part has resulted in me being financially I’m well off, no debt and a fairly decent net worth for my age. Today I drove by Jamba Juice and thought that sounds really good, but I said no I’m not going to spend $6 on a smoothie, I can’t justify spending that on myself because it’s not a need based thing, it’s a luxury in my opinion. The more I thought about it I started to wonder if I’m a slave to my own bank account, so I figured I should ask you guys as I’m sure some of you high savings individuals struggle with this as well and splurging once in a awhile? Curious to get your take. +[https://www.ft.com/content/10d24f35-dee9-4991-a7bd-51be9097a100](https://www.ft.com/content/10d24f35-dee9-4991-a7bd-51be9097a100) + +While the headline is somewhat exaggerated, the premise is correct. + +**Here the whole article:** The divergence between the flying stock market and the dying economy is so extreme it is leaving many analysts scrambling for explanations. + +The recent string of economic data releases reflecting life under global coronavirus lockdowns has been even grimmer than expected, spurring the IMF this week to forecast the biggest global recession since the 1930s' Great Depression. + +Some investors are in awe at the scale of the shock. "We really are in uncharted territory," said Liz Ann Sonders, chief investment strategist at Charles Schwab. "We have a monster mash-up of the Great Depression in size, the crash of 1987 in speed, and 9-11 attack in terms of fear." + +And yet, stock markets have been on a tear for a month. What was once dismissed as a mere "bear market rally" often strong but ultimately doomed bounces that can occur in the middle of severe downturns - has now turned into a 23 per cent jump for global stocks. Technically, that qualifies as a new bull market. + +The rise has erased half the stock market fall since late February, and brought the FTSE All-World index back to levels seen in the US tax cut-fuelled summer rally of 2017. Analysts and investors say that global efforts by central banks to soothe the financial system have been the trigger. + +Citigroup estimates that the biggest central banks will buy $5tn of bonds this year, led by the US Federal Reserve, which is more than twice the size of the stimulus seen at the peak of the 2008-09 financial crisis. The Fed has even charged into areas once thought untouchable for central banks, announcing plans to support corporate debt graded "junk" by credit rating agencies. + +Throw in various other liquidity injections and a series of government spending packages aimed at ameliorating the effects of measures taken to contain the coronavirus outbreak, and the overall stimulus bill comes to $14th, according to the IMF. + +"The Fed has been very clear that it will do whatever it takes," said Joyce Chang, chair of global research at JPMorgan. "The question is whether this will be enough." + +Many investors seem to think so. Technology stocks are once again leading the rally, but even travel and leisure stocks have jumped 24 per cent from the lows, trimming their decline this year to 37 per cent. + +Investors appear to be writing off 2020, focusing instead on the prospects for an economic normalisation in 2021, analysts say. + +Some of the technical forces that fuelled the sell-off are also helping stoke the comeback. Hedging by banks, trading strategies that automatically buy when volatility simmers down, and thinner liquidity are all now supporting the rally, according to JPMorgan. + +History also offers some encouragement to the optimists. Bespoke Investment Group crunched the numbers on every big US stock market slump, and found that once equities had clawed back over half their losses, that had tended to signal that the lows would not be retested. + +One notable exception, however, was after the crash of 1929 and the Great Depression. The US stock market rallied over 44 per cent from the November 1929 low through to March 1930 before sliding another 80 per cent, and did not reclaim its 1929 highs until September 1954. + +Some investors think this is a plausible scenario now. Paul Singer, the head of Elliott Management, warned that stocks could easily renew their slide and drop by half from the February peak. + +"Despite the massive stimulus moves around the world and the unimaginably large new rounds of money printing, there is substantial uncertainty about the future viability of a large range of businesses," Mr Singer wrote, in a recent letter to clients. "To us there does not appear to be a gilded cornucopia of shining bargains." + +Some nervousness began to creep back into markets this week, triggered by ructions in the oil market crowned by the unprecedented sight of the benchmark US crude price sliding below zero on Monday. Although partly a technical dislocation, it underscored the fragile state of the global economy. + +Meanwhile, the first-quarter corporate earnings season has started to reveal the extent of the revenue destruction hitting many companies. And such grim results may pale next to what is likely to be a + +"horrific" second quarter, warns Karen Ward, a strategist at JPMorgan Asset Management. + +The message was hammered home by data released on Thursday showing another 4.4m Americans claiming unemployment benefits, taking the total since mid March to over 26m. A potential antiviral drug for coronavirus failed its first randomised clinical trial, further denting sentiment. + +Ms Sonders points out that even if equities do not plunge below the lows of March, economic downturns of this magnitude tend to produce a lot of head-fake rallies and stomach-churning sell-offs. + +"Anyone who thinks we're going to keep moving up in a straight line is living in la-la land," she warned. + +\------------ + +I guess that's what the majority here feels anyways. Doesn't mean you should not be building clever positions at this moment in a few stocks, but these should be true conviction buys based on good entry price, solid company products with longterm growth potential, neat balance sheet and a capable leadership team. Keep 70% to 80% cash. + 4/2/20 + +**Biotechnology in the COVID-19 Crisis Environment – “We are our worst enemy” Theory** + +Hi all, I’m a neurology resident physician with a masters degree in molecular biology with a bit of extra time for the moment so wanted to share some personal opinions on areas that COVID-19 might push us towards. + +Overall I believe the markets are emotional AF and are panicking currently out of line with reality. Panic looks for a cure, so having some insight into where that ‘cure’ might come from may be highly profitable to some. + +**Thoughts On COVID-19** + +For some reference and to possibly assuage your fears that the world is ending; as of 4/1, there are a reported 45,000 deaths worldwide related to this new virus. Worldwide, the #4 cause of death is a lower respiratory infection, accounting for 2,957,000 deaths/year (Not including #10, tuberculosis at 1,293,000)\^1. As a factor of mortality, COVID-19 should not be too scary to the average person (You’re still more likely to die from driving to work than from COVID-19, so staying at home really is saving lives!).\^2 + +This is not to say you should not be taking precautions. All of medicine is predicated on a cost versus benefit calculation. The benefit of being alive, versus the current cost being social distancing and hand washing. An easy calculation for most I hope. + +My basic overall model for the future is underlined by the thought that we will not get rid of COVID-19. After this initial wave, we will continue to be hit with pockets of virus off and on. The virus itself will bounce up and down in years to come becoming part of our usual environmental anti-biome. A vaccine will eventually come around to synchronize with herd immunity and depress the virus to levels that people will return to their usual activity levels and every few years we’ll hear about a COVID-19 outbreak. Using this as a theoretically realistic model of what to expect, below are my thoughts on companies that may interface with this virus long term. + +**First the Science-y stuff on COVID-19 that guides my assumptions (Simplified/Skippable)** + +**Death by Cytokine Storm** + +Though this virus is ‘new’, coronaviruses and similar viruses have existed for a very long time. Other subtypes of it are known as the common cold. We are almost all exposed to it in childhood without many hiccups. Similar to how many kids seem to be exposed to COVID-19 but don’t seem to be suffering nearly as much as adults. + +This is likely because children’s bodies are trained to see new viruses and react to them in measured ways (Their immune system is tilted towards a **T-cell response**, which takes longer to respond, but responds in subtle ways to slowly tilt the battle against an intruder). + +Imagine the T-cell(child) response as a coordinated intelligence program that takes time to learn about a threat and find a precise way target and kill it. It takes time in comparison to our **adult (B-cell) response** (why kids can be sicker for longer versus adult ‘day colds’). + +The **B cell (adult)** response is like we kept all the intelligence information we got as a kid and kept the bombs, but fired the intelligence personnel. Why should we pay (calories) to you T-cell people if you’ve already figured out all the targets our body will need to fight in this life? So the T-cell producing organs shrivel as we get older and our immune system is mainly predicated on our B cells response. + +But now, we’re exposed to a new virus. Our body turns to the old plans and bombs. The bombs fall, but the targets aren’t right. We hit some virus, we hit some of our cells, collateral damage may be more dangerous than the virus but the body doesn’t know that. We try to rehire old intelligence personnel to try to get them to figure out this new thing attacking us. As we await the hiring process, our body continues to drop bombs trying to destroy everything that might be infected, without knowing what the infection looks like. Eventually, our response is too much, we just dropped bombs on what is ostensibly \~80% of our own lung tissue and now we need a ventilator but there isn’t one available, so we 'suffocate' and die. The virus didn’t kill us, we did it to ourselves. In a storm of rebellion against an invader, we triggered a **cytokine storm\^5** and burned down the whole building to keep the virus from getting in. The B cells had one job, kill virus. Well the virus can’t survive in a corpse for long. Mission accomplished.\^3 + +(If you’re interested in this model, read about IRIS in HIV/IADS patient for an analogy. To put it simply, when we fix peoples immune systems they can die due to said immune system.)\^4 + +There is a growing bed of literature concerned about the role of **cytokine storms** in mortalitiy issues ie; this is the thing that kills people. This is the thing we can save people with if its prevented, below is some discussion on options to prevent it. \^5 + +Viruses in general, are not that prone to innately killing people. They want to keep you alive so they can reproduce more. Unfortunately, our immune responses to viruses can likely be more of an enemy than the virus itself. The biggest thing we want to prevent is death, so with the goal of reducing said endpoint of death, this are my thought on current treatment options and future avenues that could financially benefit. + +The thoughts below are from my education in medicine and molecular biology and what I’ve seen from treating COVID-19 patients. + +**General Medical Algorithm in treating any contagion:** + +1. Prevent it. (Failed) +2. Mitigate it/Prevent Spread (Failing/Ongoing- Role for HCQ and Antivirals/remdisivr) +3. Treat it/Decrease Mortality. (Role for IVIG + Tocilizumab/Sarlimumab) +4. Cure it. (Vaccine) + +I think we are ripely between #2 and #3 currently and the next big spike in equities will be in companies positioned to leverage #3. #4 unfortunately is too unpredictable at this point for me to comment on. + +**Interface of treatments and finance options:** + +More + = Greater Reward/Risk considerations. + +(+/-) *Ventilators* (BDX, Phillips, etc) : Short term, essential to limit mortality. As COVD-19 hits hospitals hardest, it will drive up need for ventilators massively (already seen). Outside of the lethality of the virus, the biggest threat to mortality is a lack of ventilators. Initial demand will greatly increase. Unfortunately, once made, ventilators will likely remain long after this virus, depressing the market long term. As we get better treatments that work, ventilators will likely be needed less. Currently all we really have that we know helps is the throw someone on a ventilator and let their immune system kill the thing while we support them. + +Short term outlook (<6 months) Positive. + +1-2 year outlook: Neutral. + +(-) *Hydroxychloroquine*: It doesn’t work as a treatment in my opinion. It is a classic petri-dish versus human problem. It stops/reduces cell virus entry, which is great if you use it as a prophylactic as it will increase the required viral load needed to become infected. As a treatment though, when you have 50,00,000 copies of virus already, reducing the spread isn’t the same as treatment. I believe unfortunately by the time the virus is showing symptoms, a person has too many copies of virus so slowing the rate of repeat cell entry does not make a clinical difference. A few papers have now shown this but not in statistically reliable ways (Not enough patients, an expected limitation at this point). The closest analogue to this is amantadine with its prevention of the flu (which also, doesn’t really work because by the time you have symptoms the virus has spread too much to be clinically blunted). Also the theory behind it is founded on a laboratory model that cannot be necessarily safely replicated (due to dosages) in humans. Would you rather die from COVID-19 or from HCQ overdose stopping your heart? + +Overall: cheap medication with limited clinical benefit. Most upside has already been unraveled, greater risk than reward at this point in my opinion. + +(+) *Antivirals (Gilead*): Possible area of research, but generalized research into antivirals as a broad class leave a lot to be desired. Used in combination with other medicines target other mechanisms of action they seem to work (HIV treatments) but in isolation they limit reproduction of virus. At >50,000,000 copies the damage might be done though. The thought is the same to “flattening the curve” / slowing down virus replication to give your body time to fight it off. I think this will be an adjunct to treatment long term but given production constraints of remdisivir I don’t think the swing will be that large. (/”priced in” at this point) + +Overall: expensive medication with possible clinical benefit. Long term will add to Gileads portfolio but seems somewhat ‘priced in’ at this point. Speculative play against COVID19 only. + +(++) *Tocilizumab (Chugai, La Roche/RHHBY*): An IL-6 blocker, one of the important co-factors in the **cytokine storm**. This is something cells release to tell the body to ‘release the bombs’. I’m hopeful for this as a treatment. If we go back to the original hypothesis, the bodies response to a ‘new invader’ is a large part of what causes the end point of death. Multiple studies have now launched across countries as this seems to be clinically effective. Limiting its potential upside is the fact that it’s immunosuppressive and we don’t have a lot of long term data on how COVID-19 interacts with immunosuppressed people. Personally I’m very bullish on this. + +Overall: expensive medication with likely clinical benefit. Will likely become a key part of long term management of this disease as it will target the mortality causing part of the disease. Limited background market outside COVID19. + +(++) *Sarlimumab* (Sanofi/SNY, Regeneron/REGN): Similar to tocilizumab, also an IL-6 blocker. + +Overall: expensive medication with likely clinical benefit. + +(++++) *IVIG* (Grifols/GRFS, CSL Behring AG/CSLLY, Baxter/BAX): This is other peoples plasma. Like vaccinating someone else, pulling out the antibodies they made against the virus, and injecting them into someone else. Targeted treatment that also blunts peoples own inflammatory response, limiting the effect of a **cytokine storm**. It is used as an immune-modulatory agent (not immunosuppressive) at baseline and has a good market for multiple sclerosis and other autoimmune disorders that 'flair'. The theory being that injecting other peoples premade antibodies to the virus will kill the virus in a targeted way while also mitigating the immune reaction and keeping your body from killing itself. Personally I’m extremely bullish on this and Grifols in particular as that is the product most hospitals seem to use around my area. CSL Behring also has a reported subcutaneous formulation which could keep people out of the hospital for infusions, limiting exposure/spread of virus as well. + +Overall: Expensive medication, already in shortage (increased demand/decreased production over the past few years) prior to this, with limited companies able to produce it. Likely to have a large clinical benefit and become a mainstay of treatment prior to more directed therapies/vaccines. Has a baseline market (other disorders) that will only increase in the background long term. Safety of a stable market/demand with upside as a massive treatment for COVID-19. + +(++++) Vaccine: A vaccine is the ultimate treatment, unfortunately there’s no way to pick which company will be most successful. I expect the first vaccines to not be very effective and will unfortunately likely give the virus an opportunity to morph. All this to say, picking a vaccine company is impossible at this point with the available literature base currently. You could try to assemble all of the companies working on a vaccine that have a separately good pipeline to try to play the eventual massive swing when a vaccine is announced and limit downside when it’s not the company you picked. + +(--) Hospitals in general: Will be hit fairly hard, most reimbursement for hospitals comes from elective procedures, self funded payment or payed with private insurance. COVID19 represents a glut of patients that are likely to not be able to pay, being shoved into expensive ICUs that the hospital will have to front unfortunately. On top of this are costs to retrofit hospitals for the increased burden. At the same time hospitals are needed to hire more people, cover shifts, and go without their main source of income dependent on a low government reimbursement rate. (Almost any US hospital would go under if it depended only on government reimbursement as of this moment so there is a very real risk to hospitals.) + +From a financial standpoint, I think the IVIG market stands to benefit the most from all this long term with the least amount of initial risk though the research is still lacking in the field. This is the closest to a crystal ball prediction that I have given my education and experience with these patients. + +Overall, things will hurt, in the short term and in a human term. People who could have been alive given proper government action will not be by years end regrettably. As it has though, the global markets will continue in their indifferent churning ways and in the end we will be preparing for the next downturn. We have gotten past many different pandemics before. + +In the end, this too shall pass. + +Also, thank you to all those that are washing their hands and trying their best to self isolate. I know it's a massive pain but it really is saving lives. +So typical post I see all over Reddit forums like this: I grew up in/live in Brooklyn, NY and looking to buy a parcel upstate in the Hudson Valley or Catskills region (I can get 3+ acres in the Catskills for what it costs to buy 0.6 in Hudson Valley, but it's further from NYC) - I know, I probably should have done this like 5-10 years ago but didn't have the money and was too young anyway. + +The thing is, I don't plan on really doing anything with the land anytime soon. I'd want to own it outright (or pay off as much as possible, minus any ongoing property taxes and any maintenance), but I don't plan on building or selling the land at least for a few years. I 'may' one day build a home something, or sell it if I can either make a profit or can't afford taxes anymore, etc. + +The old saying goes "buy land, cause God ain't making any more of it" but maybe I'm taking it too literal. Does it make sense to buy land in an area that 'could' become more valuable one day, without any plans of doing anything with it for years? I know it's all a gamble/hypothetical, but would love some advice or shared experiences. + +Go easy on me, I'm new to all this! +Single no kids 26 year old making about 45k. I am currently an apprentice ironworker and will make journeyman sometime next year hopefully and be making 80-100k. 60k is sitting in my savings account. And another 1k in a vanguard account in random stocks. Moved my parents two years ago to save for a house but have decided to wait. I have a 401k set up with work putting 12% in and 4% match. No debt about 150-200 per week expenses. What would be the smartest thing to do with the money knowing I won't be using it for 2 years or so? Isn't it just depreciating by sitting in the bank? An help would be much appreciated. +Inherited $150K. Married and have a baby due next month. Looking for investment advice. Never been good with money and would love to build on this for my family. And advice would be greatly appreciated. +I just found out my mother ended her annuity 3 years ago, and every dollar to her name, now $60k is sitting in her checking account. I am wondering what I should tell her to do with the money. I think she ended the annuity because sometimes she had to take out more money than she was allowed, and didn't like the hassle and penalty. I think she is also getting around $800/month from social security, and she owns her house. Any suggestions on where to start would be appreciated! +Hey everyone. I have a question. So I was asked to come in and help out at my work (after I put in my 40hrs of the week.) I was messaged by my manager that if I were to come in and help, I would get $$/hr on top of my overtime pay, as well as a $100 gift card to incentivize helping. I learned that gift card, and the others in the future if I choose to accept, would be taxed. I’m wondering if it’s in my best interest to accept the gift card incentives? + +Edit: I appreciate the responses everyone. Final thought is I will take the gift cards, but to give myself better peace of mind, saving them until after doing my taxes. Thank you! +I’ve recently lost both of my parents and I am moving into my cousins house. I just enrolled into my new school and need to think of a financial plan. I am very responsible with my money but need advice from more experienced people. I don’t want my aunt to really have to adopt me and pay for all my stuff. I need to be financially independent. All I have is a around $400. + +I’m thinking of working at a place my friends recommended me that pays 11 an hour. I have no car so I need to be able to afford a motorcycle or something cheap to get around in. I was thinking to invest my money in repairing salvage cars and sell them for more money that way i’ll be able to own a nicer looking car. I’m trying to start learning how to invest stocks and forex. I have been repairing apple products and selling them for a lot of profit. I think this will get me started but I don’t know about the long run. Will I be able to go to college? + +I also have to learn taxes, insurance and bills. + +I need to turn $400 into $1000 and the into $10000 effectively and quickly. ANY advice and tips are greatly appreciated. + +I work remotely and am living at home for the time being. I want to eventually move out and find an apartment in the nyc area like queens or long island so I can be near my work and go to the office. I just set up a roth ira and put $350 into it to start it all in etfs. I don’t have to pay my loans until January and have about 3k in my checking and 3k in savings. I’m very unsure how to handle my income and use my money wisely while living at home for the time. Do I start using this money to aggressively pay down my loans? Do I use this money to max out my 6k in my roth ira? Do I just keep saving my money in my savings account? I read the wiki already but wanted a little more specific advice on where my money should be going since this is my first time out on my own and don’t know where to start. Am I in an okay spot right now financially?Thank you to anyone who genuinely responds to this in advance. +As we see many newcomers enter the market, they don't have a sense for the market like those who have had long term experience. + +A lot of easy to avoid mistakes are made. People lose a ton of money. + +Those who have weathered the 2018 crash have some tough skin and rigid rules they will never break in the crypto market. Tons of this insight comes from past mistakes we have all made. + +A rule I've learned not to break is to never sell 100% of a crypto to buy a new one. Always save around 10% or more. If I had done this with ETH over the last 5 years my ETH bag would be substantial. + +What is your #1 crypto rule that you don't ever break? + +Edit: Welcome and good luck to all the newcomers the crypto community is happy to have you! +**TL;DR** my question is: If I set up a 529 Savings account for my niece, is there any way that her parents could find out about or get early access to the account without my consent? As in, would the IRS or the entity with whom I open the account be obliged to inform the parents since the beneficiary is a minor? + +My sister, who lives in the US, recently gave birth to a baby girl who is just the loveliest thing. I want to ensure that if my niece wants, she can attend university in \~18 years and leave school with minimal to no student debt (I assume she will go to school in the US). + +I want to set up a 529 account and hopefully get it to build over the years, but I do not want my sister or my brother-in-law to know about it until my niece is a legal adult. Quite frankly my sister has never proven to be financially responsible, and I don't anticipate that changing anytime soon.Is there a way she could find out about her daughter being the beneficiary of a college savings fund? Could my sister be given access to the account without my consent since my niece is a minor? If so, are there alternative tax-friendly savings accounts for education purposes? + + +Edit: Thank you everyone for the responses, this has been quite informative. +I've always held a portion of savings in premium bonds. I've been topping this up with spare cash over lockdown and as such I'm approaching the £50k limit. + +As my total pot is made up of alot of smaller investments, is it worth withdrawing it all to reinvest in one large tranche? Has anyone done similar? + +I realise I would lose one month's eligibility in the draw if I did so. + +Or have I misunderstood how it works. +This may not be meaningful to everyone, but I wanted to share this as it's hard to talk to friends and family about it and reading /r/financialindependence is really what kicked this off for us. + +Today is my last day gainfully employed in my "career" job and Monday we are planning on starting our RE journey. (Mrs. ModernSimian already stopped working about a year ago) + +We started looking at FI/RE as possibility about 2 years ago due to a front page post on /r/financialindependence andwe realized we were already well past FI. Things really got interesting when we fell in love with a property in Hawaii and decided to actually pull the trigger. + +* July '16 - Realized we were already FI and engaged a professional Financial Planner to start checking our work. +* Aug '17 - Mrs. ModernSimian leaves career. +* Nov '17 - Bought the new property and started living there part time. +* May '18 - Sold house on the mainland and moved to HI full time. +* Sept '18 - Last day of remote work / fully transitioned to RE! + +To be honest we don't know exactly what we're going to do next. We're both still fairly young (39) and excitedly expecting our first child this spring. So much of our time has been spent figuring out how to execute on this that we haven't made concrete plans on what comes next, but I think it involves a bunch of sitting on the beach for at least the next week before we start trying to build a routine. + +Thanks for all the passive advice from this forum, I don't think we would be where we are today otherwise! +[https://www.rba.gov.au/media-releases/2020/mr-20-13.html](https://www.rba.gov.au/media-releases/2020/mr-20-13.html) + +At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. + +The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and a sharp rise in unemployment is occurring. At the same time, the containment measures have reduced infection rates in a number of countries. If this continues, a recovery in the global economy will start later this year, supported by both the large fiscal packages and the significant easing in monetary policies. + +Globally, financial markets are working more effectively than they were a month ago, although conditions have not completely normalised. This improvement reflects both the decline in infection rates and the substantial measures undertaken by central banks and fiscal authorities. Credit markets have progressively opened to more firms and long-term bond rates remain at historically low levels. + +In Australia, the functioning of the government bond markets has improved and the yield on 3-year Australian Government Securities (AGS) is at the target of around 25 basis points. Given these developments, the Bank has scaled back the size and frequency of bond purchases, which to date have totalled around $50 billion. The Bank is prepared to scale-up these purchases again and will do whatever is necessary to ensure bond markets remain functional and to achieve the yield target for 3-year AGS. The target will remain in place until progress is being made towards the goals for full employment and inflation. + +The Bank's daily open market operations are continuing to support credit and maintain low funding costs in the economy. To assist with the smooth functioning of Australia's capital markets, the Bank has decided to broaden the range of eligible collateral for these operations to include Australian dollar securities issued by non-bank corporations with an investment grade credit rating. More details are provided in the accompanying market notice. + +The Australian economy is going through a very difficult period and there is considerable uncertainty about the outlook. Reflecting this uncertainty, the Board considered a range of scenarios at its meeting. In the baseline scenario, output falls by around 10 per cent over the first half of 2020 and by around 6 per cent over the year as a whole. This is followed by a bounce-back of 6 per cent next year. + +There has been a substantial, coordinated and unprecedented fiscal and monetary response in Australia to the coronavirus. Without this response, the outlook would have been even more challenging. These policies are supporting the economy right now and will help when the recovery comes. They are supporting people's incomes, maintaining the important connections between businesses and their employees, underpinning the supply of credit to businesses and households, and keeping borrowing costs low. The deferral of loan and other payments is helping people manage their cash flows. The Australian banking system, with its strong buffers of capital and liquidity, is also helping the economy traverse this difficult period. + +In the baseline scenario considered by the Board, the unemployment rate peaks at around 10 per cent over coming months and is still above 7 per cent at the end of next year. A lower unemployment rate than this is possible if the reduction in labour demand is accompanied by a larger reduction in average hours worked, rather than by people losing their jobs. + +The Board also considered other scenarios. A stronger economic recovery is possible if there is further substantial progress in containing the coronavirus in the near term and there is a faster return to normal economic activity. On the other hand, if the lifting of restrictions is delayed or the restrictions need to be reimposed or household and business confidence remains low, the outcomes would be even more challenging than those in the baseline scenario. These scenarios will be discussed in the Statement on Monetary Policy, to be released later this week. + +In the various scenarios considered by the Board, inflation remains below 2 per cent over the next few years. In the March quarter just passed, CPI inflation rose to 2.2 per cent, but it is expected to turn negative temporarily in the June quarter, due to falls in oil prices, the introduction of free child care and deferrals of various price increases. Further out, in the baseline scenario inflation is 1 to 1½ per cent in 2021 and gradually picks up further from there. + +Given this outlook, the Bank will maintain its efforts to keep funding costs low in Australia and credit available to households and businesses. The Board is committed to do what it can to support jobs, incomes and businesses during this difficult period and to make sure that Australia is well placed for the expected recovery. The Board will not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 2–3 per cent target band. +Renos costing so much means 1 of two things: + +Option 1: House prices increase relative to reno/building costs + +Option 2: Demand drops and costs lower back to equilibrium + +The current scenario doesn’t add up.. the cost to buy an unrenovated house, renovate, then sell.. you would lose most of the time in todays scenario. + +What do you think will happen? +Jim Cramer has made 21,609 stock picks in the past 5 years! Let that sink in for a moment. Here is one person, making buy/sell/hold recommendations on more than 2,200+ different stocks across all types of industries. On average, he was making more than 20 picks per episode of his show \[1\]. This is a staggering number of picks to be made by one person! \[2\] + +While we can all argue about his expertise in making recommendations on such a wide array of industries and companies, what I wanted to know was: + +1. **How accurate were his recommendations?** +2. **Would you have made or lost money if you followed them?** +3. **Can you beat the market following his picks?** + +So it’s high time that we put Cramer to the ultimate test and end the debate about his usefulness once and for all! + +https://preview.redd.it/ky8qh0nzeo981.png?width=1728&format=png&auto=webp&s=104b963a012fc82a7a12585615dbd98c402e0a26 + +**Analysis** + +The data about all the stock picks made by Cramer are available [here](https://madmoney.thestreet.com/screener/index.cfm) \[3\]. The picks are classified into five segments (Buy, Hold, Sell, Positive/Negative mention). I have calculated the return for each segment separately \[4\] so that we can know what to focus on if we are trying to replicate this strategy. + +Since Cramer frequently contradicts his own picks and is mainly focused on short-term trades, I am only analyzing the stock returns for the following periods \[5\]. + +a. One-day + +b. One-Week + +c. One-Month + +Given that Mad Money (Cramer’s Show) airs after the market closes, I have used the opening price of the next day for my calculations. (I.e If Cramer makes a recommendation on Thursday night, I use Friday opening price as the base for my calculations) + +All the data used in the calculations are shared at the end. + +https://preview.redd.it/yc7i0we0fo981.png?width=1728&format=png&auto=webp&s=cb1c59f7bb5c02119e674ffaaf079fa67afa6120 + +**Results** + +https://preview.redd.it/5ezb3bw1fo981.png?width=775&format=png&auto=webp&s=6fb146c04d7e9311751be085f6d21348fafac092 + +1-day performance of Cramer’s recommendations is excellent! On average, the Buy and Positive mention stocks went up by 0.03 and 0.05% respectively, and sell and negative mention stocks went down by 0.1 and 0.02%. + +Another interesting fact is that ***you would not have lost money*** if you followed Cramer’s Buy recommendations. Across the time periods, his Buy recommendations have on average netted you positive returns \[6\]! + +His sell recommendations did not pan out so well. Even though they dropped in price the next day, over the next week and month, they returned inline or even better than his buy recommendations! + +Given that there is a counter-intuitive trend in the returns, let’s calculate the accuracy of his calls. + +https://preview.redd.it/rht12ux2fo981.png?width=792&format=png&auto=webp&s=c571f5fc7d63fcb095555080320757192129d380 + +Here I am assigning a call as correct based on price change. If he gives a buy recommendation, I expect the price to go up and vice versa. As we can see from the chart above, his recommendations only do slightly better than a coin-toss. Even this only holds for short-term and buy recommendations with long-term sell recommendation performance dropping below 50% \[7\]. + +While this narrow edge over the 50% mark can be used by algo-traders who have the ability to trade a large amount of stocks, if you are an average investor listening in on a Cramer show and hear about a stock recommendation, you might as well toss a coin to see if you should invest or not! + +Finally, it’s time we pit **Cramer against the market**. Do his recommendations beat the market? + +https://preview.redd.it/5fszhew3fo981.png?width=1020&format=png&auto=webp&s=1cf5e2c992435a6d8ed36dbed707b11dd4cd30ba + +Oh yeah! I was as surprised with the results as you are. I ran the numbers again and then one more time but got the exact same result! Cramer’s Buy recommendations beat the S&P 500 by a factor of 10 for the **one-day time frame**. But, if you held the stocks for anytime longer, you would have underperformed the market significantly. + +Before you go daytrade on his recommendations you should know that the numbers we are seeing here are heavily influenced by outliers. If you miss out on the top 1% of recommendations (\~110 stocks out of the 11,000+ buy recommendations he had made), your **1-day return would be -0.062% instead of +0.034** \[8\]. + +https://preview.redd.it/1xtamkf0fo981.png?width=1728&format=png&auto=webp&s=f6b9215c2379524644653c67ff375667c8f0354a + +**Limitations of the analysis** + +The analysis has some limitations that you should be aware of before trying to replicate the strategy. + +1. As the astute among you might have noticed, if you sum up all the stocks used in the analysis it would only come to 18.5k. I removed \~15% of the overall recommendations as either they did not have stock data present in Yahoo Finance/Alpha Vantage or the price data did not match with the one given on the Mad Money website. +2. The data is obtained from the Mad Money website itself. I haven’t manually verified if the calls recorded on the website are in fact an accurate representation of the calls made by Cramer in his show. The below statement is given in their description and I am taking them on their word. + +>We are impartial in our recording and simply log exactly what was said. We do not interpret the calls. If a call is vague or in question we simply won't list it. + +https://preview.redd.it/11nzh3f0fo981.png?width=1728&format=png&auto=webp&s=a15a32e373431bc460ce4c082a94ee58e7c392a6 + +**Conclusion** + +No matter the public opinion on Cramer, we can generate excellent 1-day returns following his buy recommendations (even beating the market in doing so!). Whether it’s due to his superior stock picking ability or whether it’s simply due to self-fulfilling prophecy \[9\] (as he has a wide audience who will act on his advice) is yet to be known. + +I would bet on the latter as, if the extraordinary one-day returns were in fact due to his superior stock-picking ability, the returns should have held over longer time periods, and also his sell recommendations would not have ended up performing better than his buy recommendations as we are observing here. + +It only makes sense to listen to his advice if you are a day-trader or an algo-trader who is trading a large variety of stocks over short periods of time. For everyone else, just sticking to the S&P 500 would give you better returns over the long run! + +https://preview.redd.it/r0ub7nf0fo981.png?width=1728&format=png&auto=webp&s=9ef4712b1906249e0a0c73aa32683261308d470e + +**Data** + +Excel file containing all the Recommendations and Financial data: [**Here**](https://docs.google.com/spreadsheets/d/1d0mooS_qsfePXChEDq2IDov_of_TFvD1/edit?usp=sharing&ouid=111668650548288730122&rtpof=true&sd=true) + +**Live tracker** containing the performance of Cramer’s 2021 picks: [**Here**](https://rows.com/market-sentiment/my-spreadsheets/untitled-spreadsheet-3-5C58Ix9kx1ixB0cM52DWZi/live) \[10\] (I will be updating this file regularly so that you can see his performance in real-time whenever you want to!) + +https://preview.redd.it/7zr08cg0fo981.png?width=1728&format=png&auto=webp&s=417b44732deac9668c0b58d3645c532ba8ecba5c + +**More Interesting Reads** + +From this week onwards, I am including one or two blogs or articles I really enjoy and hopefully, you can discover new and interesting content! + +[**More to that**](https://moretothat.com/)**:** This is by an illustrator called Lawrence Yeo who breaks down really complicated topics into easy to read articles with fun illustrations. [**The Nothingness of Money**](https://moretothat.com/the-nothingness-of-money/) was one of the best articles I have read last year and if you reading just one article this year, it should be this one (oh, I know this is r/wallstreetbets, but you are going to love this one)! + +https://preview.redd.it/fhynetg0fo981.png?width=1728&format=png&auto=webp&s=d649c089f313918d5ab29b979f500810f9e12a46 + +**Footnotes and existing research** + +**\[1\]** For those who don’t know, Cramer makes his picks in a CNBC show called [Mad Money](https://en.wikipedia.org/wiki/Mad_Money). Cramer himself defines the show as something which should be used for speculative/high-risk investing and not for your retirement portfolio. + +**\[2\]** For comparison purposes, an equity research analyst [covers only 10-25 companies](https://whatforwork.com/jobs/equity-research-analyst-sell-side/). + +**\[3\]** It’s not in an easily usable format. I had to parse the data from the webpage using Python (Beautiful Soup) - I have shared all the data used in this analysis as an Excel and Rows file at the end. + +**\[4\]** I did not calculate for Hold as he only made 27 hold recommendations, which is lower than what is required for a statistical significance. + +**\[5\]** In my [last post about Jim Cramer](https://old.reddit.com/r/wallstreetbets/comments/mtehdq/i_analyzed_all_700_buy_and_sell_recommendations/), there was a lot of controversy around how I calculated the time period. So here is the detailed version about how the time period is considered. For One-Day returns, we are considering that we will purchase the stock the next trading day after the market opens and then sells it at the end of the trading day. For weekly and monthly returns, I am using adjusted closing price since across a week or month there can be stock splits as well as dividends. + +**\[6\]** This can also be attributed to the market rally we have experienced over the last 5 years where a large majority of stocks went up. + +**\[7\]** 50% benchmark might be controversial with a lot of you (I agree given that if we are in a bull market there is more than a 50-50 chance of a stock going up tomorrow) → My rationale here is standing today looking at a stock, there are only two things that can happen tomorrow. It can either go up or go down. I assign equal probability to both given anything can happen tomorrow. The market can turn bearish, positive or negative news about the company can come up, etc. If you have a better logic for a benchmark, please do suggest! + +**\[8\]** But to be fair to Cramer, this is applicable to all types of Investment strategies and hedge funds! The performance of a few of the stocks in your portfolio will finally end up heavily influencing the returns of your overall portfolio. → Think of Tesla incase of ARK and FAANG in case of S&P 500. + +**\[9\]** There is some [existing research](https://scholarship.tricolib.brynmawr.edu/handle/10066/588) that deep dives into this topic. + +**\[10\]** Since it’s a live tracker using data from Alpha Vantage, the calculation is done slightly differently than in the analysis (in the live tracker I had to use the closing price on the day of recommendation instead of the opening price of the next day). I will be updating it to follow the same process as the analysis as soon as I get info from Alpha Vantage. +The title says it generally, I had a rare opportunity to actually SPEAK to my elected representative, and he said the only things hes heard about cryptocurrency are “concerning”. Im looking for help on putting together a good list of reputable sources that i could provide to him so that he could see the value that the cryptocurrency and blockchain industries could bring to my state. I really would appreciate help on this matter as he really seemed to listen and i dont want to miss my opportunity to potentially put a good word in for cryptocurrency! Thanks! +. +. +. +. +. +. +. +. +. +. +. +. +. +. +Edit: I live in Connecticut and the representative is a Democrat! Forgot to mention that! Thank you so much to everyone who has replied so far this is exactly why i came to this sub! +Me (25F) and my mum live together in the 3 bedroom family home I grew up in, there is also annex at the back of the garden with lounge area, 2 rooms and a bathroom(zone 5 west London area). She recently got a final demand notice letter saying her mortgage term ended in March and has til around December to inform the lender of a repayment plan. + +The house has been remortgaged twice in the past (unsure of the amounts) due to my dads health and the additional money went towards treatment for him. My dad has since passed and it’s only me, my mum and our cats left. He originally controlled all the finances and wouldn’t get my mum involved. + +The amount left roughly is 235k. And after getting a valuation from an estate agent they said for a cash buy it would sell for 430k and with a mortgage 470-515k. Assuming the property goes for the cash buy amount they advised after the mortgage and all other costs around 188k will be left to my mum. We’ve looked around the area and with the amount remaining we wouldn’t even be able to afford a 1 bed. + +My mum has gone to the bank since and has been declined for a mortgage on the basis of her age (65) and I’m not sure if I would be eligible with my credit score and minimal disposal income per month (majority of my wages go on direct debits). However I will be in a slight better situation in November when I would have paid off a loan which was used for my nans funeral. It was around £250 monthly which might not be help considering the cost of living crisis, I will probably use that to support more with bills + +After speaking to the lender my mum had the mortgage with they said for the area the valuation seems quite low ( a few roads down a 2 bed house was listed as 550k) and advised to get a few more valuations to compare. They also suggested a lifetime mortgage which my mum may be eligible for, my concern is that it’s a large amount and I am not sure if even with my contribution that we’d be able to pay it back within 10 years or so. Also if anything happened to my mum I would be without a home. + +We also thought about renting however we have 4 cats which makes it hard to find someone willing to let us rent. I did think of renting temporarily and maybe putting the cats in a shelter until we find something permanent. But ideally I wouldn’t want to put the cats through that. Rehoming them would be the last resort as they are like family and have helped my mum cope with the loss of my dad. + +We’ve also look outside of the local area and outside of London we could buy something however my mum works in various locations (All in different directions) and where we currently live she has a good commute to all of them. She doesn’t drive which is why ideally we’d like to stay in the same place. I fortunately work from home and am rarely required to go to the office which is in the city so I have some more flexibility with the location. I am more than happy to drive her when I can but my worry is those days that I will need to go to the office. She currently pays about £200 monthly on travel expenses so I can only imagine it would be more expensive if we moved out of London. + +Currently I think it’s worth getting more valuations from estate agents however I wanted to see if there are maybe other options. My only fear of selling is where we would go. I was also thinking we may be able to some funds due my dad contracting hepatitis C during a blood transfusion back in the 80s but time doesn’t appear to be on our side. + +Sorry for such a long post. I wanted to life as much details as possible. Thank you for taking the time to read this. Both me as my mum appreciate any suggestions. +https://finpeg.com/offering/monthly-income + +Hello , recently came across this product from Finpeg which provides stable 1% per month as mentioned on their website. + +My relative ( uncle retired) is pinging me daily to know about the product as he wanted to invest his retirement money and generate cash flow. + +I spoke with the finpeg people trying to understand the investment model . As told by them , they will be investing some in equity and debt mutual funds based on their algo ( somewhat designed like a balanced advantage fund ). +They told that the principal will be as it is if held for more than 6 years + 1% monthly during the complete tenure . + + +Anyone knows about this or have any views ? +There is nothing more powerful than Moat investing. What is one Indian Company which you feel has a great moat and why ? + +My answer is in the comments. +Ashok Leyland share is worth 95.85 right now and many analysts are bullish on it for the short term. Seen a lot of articles saying it should reach 110 easily. But is the current price good? + +I'm thinking about investing in it for a year or so. +I was looking at researching the value of each individual NIFTY 50 stocks over the past 10 years on Dec 31 of each year. I looked at the NSE site and I was not able to get the data except for Dec 31 2020. + +How do I go about finding this? I'm doing this for some school project, so slightly approximate numbers are still fine. + For last many years, my car insurance ( Maruti ) were being carried out at the dealers end with their staff reminding/calling out every year; eventually picking the check from home. + +However this year someone called and eventually sent a link to marutiinsurance.com ... which will be the first time when I'll be renewing insurance online. Is this a legit site? How about policybazaar or other alternatives? + +Having said that, what things I should keep in mind when going for vehicle insurance renewal (online)? +For those wondering how the housing market is doing so well - FT shows it's just rich people trading upwards. + +https://www.ft.com/content/88d1274f-e414-4444-9bc7-d7c97c5cfb26 +TLDR: The Atlantic says the top 10% in wealth is the new "aristocracy." Financial Independence is neccessary to retire early, but FI's relative importance is increasing. Future adults with no resources will start life in a deeper, almost insurmountable, financial hole. The current socio-economic trends support working longer to build up greater wealth for future generations of your family. Agree or disagree? If true, would it affect your FIRE plans? + +********** + +I read an Atlantic article yesterday titled "The 9.9% is the New American Aristocracy." Based on this and many other books and articles I've read about inequality, I believe generational wealth is becoming increasingly necessary to maintain a family's standard of living in the US. + +There are three major costs that are increasing faster than both wages and inflation - healthcare, college education, and real estate. (Real estate is location dependent, but the real estate located near lucrative jobs is what's rising faster than inflation, thus creating a wage/location dilemma.) + +Financial independence is neccessary to achieve before retiring early, but its relative importance is increasing. The current trends support working longer to build up greater wealth to preserve for future generations of your family. Let me put it this way: without family money, your child may start off in a financial hole they can't climb out of. + +Do you agree with this argument or not? If true, would it affect your FIRE plans? + +Notes: + +Here's the Atlantic article: https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/ + +There are tons of articles about inequality on the web. Two that I like are Slate's "The Great Divergence" from 2010 and Pew's "The American Middle Class is Losing Ground" from 2015. + +Some books I've read about the consequences of inequality (from the political left and right!) include "The Social Animal," "Average is Over," "Coming Apart", "Our Kids," "Dream Hoarders," and "Uneasy Street." Interestingly, the word "meritocracy" was popularized by the 1950s British novel "The Rise of the Meritocracy" which was actually critical of meritocracy as a social order. +There are people posting a thread in random subreddits where it's like: + +[Brand] is giving away [amount e.g 700] nfts free to the first [identical amount to give away e.g 700] people. + +Then post a link where it's like [brand].ntf + +It has a link that asks to link your wallet. Usually your metamask. + +Don't click it. Call it out for what it is, a scam. + +If you see it posted, reply and warn other please. We want more people using crypto yeah? Let's not turn the less educated away due scam association. + +Thanks + +Love you all and merry Christmas. + +Edit: if it's too good to be true...it's a scam. +He bought the domain in 2017 for $16 and sold it for half a million. True diamond hands? + + +&#x200B; + +[Someone offered $500 ](https://preview.redd.it/qcs29psd0ow81.png?width=689&format=png&auto=webp&s=2d62bffd95a006007c6cc2f1da928959cfb0a2d4) + +Initially he wanted 10 BTC for the domain. + +&#x200B; + +[10 BTC offer](https://preview.redd.it/5jk37vtn0ow81.jpg?width=1392&format=pjpg&auto=webp&s=52b492b6f1d2104ba85a9568aef1941e10f3a815) + +&#x200B; + +&#x200B; + +[This is how it went](https://preview.redd.it/1qyu9adt0ow81.png?width=712&format=png&auto=webp&s=ad47cad14c7a8d7bba9fbe9bc35b0842e7ad4ef3) + +&#x200B; + +[GoDaddy Broker first offered $500 ](https://preview.redd.it/rxswfz611ow81.png?width=701&format=png&auto=webp&s=3ff222bc0575ad917c34ba5930da13242bf7532a) + +GoDaddy Broker first offered $500 for the domain which was already an insane amount for $16 domain But he negotiated his way to $450K. + +&#x200B; + +[This person had some dedicated. He declined 12,500x profit.](https://preview.redd.it/bnvw70hc1ow81.png?width=702&format=png&auto=webp&s=ec17a99a030332a6c37948e0a96f7f410806676d) + +&#x200B; + +https://preview.redd.it/5j0hocrh1ow81.png?width=620&format=png&auto=webp&s=d6ce979bbc9a48b0f1bea3ddf9af56e2cf3a5743 + +First the broker didn't like his 10 BTC demand, was also shaming him for his insane demand. + +&#x200B; + +&#x200B; + +https://preview.redd.it/tdqg6nbq1ow81.png?width=702&format=png&auto=webp&s=455d67f7ac7fc2964ba340cb780f75a9df565206 + +If you want to read the whole thread + +source: [https://twitter.com/cryptofelon/status/1519785502832046080](https://twitter.com/cryptofelon/status/1519785502832046080) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [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. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +So my lease for a 2019 Toyota Tacoma ends less than a month from now. I was contacted by Toyota several months ago saying that due to low inventory I had to start the process now to get a new vehicle if I wanted one. I told them I intended to buyout the vehicle, which they said no problem, just to contact the bank a few weeks beforehand. + +I called the bank today to get the final buyout price which was agreed upon when I got the lease. They called me back today and said that there is too much demand to buyout the vehicles and that they will not be able to process my request before the end of the lease. They told me I have to extend the lease potentially several months (increasing my monthly payments over $200) until they can get to me, or I will have to turn the car in. + +I told them I have cash and they said it doesn't matter, these are my options and they are non-negotiable. They were unable to explain to me why this will take so long or why I would be forced to pay for what sounds like an internal issue with them. Between the buyout price and the KBB value, I have $3-6k in equity on the car. Not to be cynical but this seems like a way for them to squeeze more money out of me due to the market. + +Does any of this make sense or seem legit? Any help or advice would be appreciated. + +**UPDATE: I was able to get through to the bank's corporate office. Spoke with a rep there who says there's no reason I would have to extend the lease as there's plenty of time before the maturity date, even more so if I don't need financing. They said if there's a backlog then it may take some time to get the title, but that's no reason to extend the lease. Supposedly they are handling it internally and will get back to me next week.** + +***UPDATED UPDATE: A manager contacted me first thing this morning and confirmed I absolutely have the right to buyout the vehicle and that whoever I initially spoke with gave me blatantly incorrect information. They are going to accept my cash offer, but did warn it would take several months for me to receive the title, which is a non-issue for me. A quick Google search of BBB, Yelp reviews, and news articles shows that this company, among others, are using scare tactics and absurd fees to get these cars back and will try to get every dollar they can out of you if you don't wish to turn them in. For anyone looking to buy their lease in this market, be aware of what is going on out there and arm yourself with the advice in the comments.*** +If you have made your own and think it's good, please share :) + +I'm looking to nail down on our finances to understand left over cash each month, as I'm sure others are too! +If you have made your own and think it's good, please share :) + +I'm looking to nail down on our finances to understand left over cash each month, as I'm sure others are too! +Third year Canadian university student about to go through summer recruiting in a few weeks. + +I'd like to try to pick up a working knowledge of VBA for Excel over the Christmas break before S&T interviews, as it seems to be a pretty good asset to have. I'm not worried about learning the code, as my previous work before coming back to school was as a web developer, so I've picked up languages before. + +Obviously Google gives quite a few results, but I'm curious if any of you have any good recommendations for a site that you've used in the past. Thanks in advance! +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. + +Here is the article. + +http://www.marketwatch.com/story/squeeze-on-goldman-put-falcone-in-penalty-box-2013-08-21?link=sfmw + + +-Goldman was shorting Maxx. They were borrowing (stocks?) from a lender (Who lends them stock? The company Maxx?) and selling them hoping the price would drop so they could buy them later and give them back to the lender and keep the difference. + +-Why were they shorting? +- If Goldman is selling high volume, doesn't that have an effect on the price? So why would someone lend to them in the first place? + +- Falcone had vested interest in Maxx and decided to buy up all the stocks hoping the price would rise. (Or knowing it would because he bought them all?) + +-How can he buy more stock than has been issued? Who decides to issue more stock? Does issuing more stock dilute the pool and decrease the price? + + +-Goldman has to buy it back (at a set time?) and since Falcone owns it all, they have to pay his asking price? + +-Why can't they get the company to issue more and buy those? + +-Why does Falcone have to sell at a certain price, or at all? + +-By shorting that high of volume, isn't that a risk they take? +Can anyone explain the fundamental reasons behind it? I just continue to see it's because companies have more cash on their balance sheets but it doesn't make sense to me. +I'm an investment banking analyst at one of the [Big Five](http://en.wikipedia.org/wiki/Big_Five_%28banks%29). I work in the mergers & acquisitions group. + +This has been done plenty of times before by those in the US, so I'd prefer to address questions about Bay Street or other Canadian topics if anyone is interested. + +I'm not going to discuss specific transactions or details about my bank, but I've worked with a number of industries including precious metals (producer and developer), base metals, fertilizer, telecom, and forestry. +This is something I am trying to wrap my head around. Draghi has stated on numerous occasions that inflation in the EU needs to rise, which means (in part) devaluing the euro to increase international competitiveness and inflate prices. However, we are seeing people buying two-year (and now, five-year) German bunds at negative yields. Why would investors want to pay the German government a fee to hold their money, instead of just staying in cash? If disinflation does evolve into deflation, their euros will be worth more. +i.e Blackrock, Vanguard, Goldman Sachs, Lazard, PIMCO, State Street, Blackstone, Bain Capital, Citadel... What companies would you choose to invest your money in and how much of the $250 million portion would you give to each company? +I'll start: + +One of the traders at my work had to drop one really badly, so he told the secretary to punch in an order 1m@ 103.57, when the price gets there. + +Well she ended up punching 100m @ 103.57 in our vwap algo, instead of just 1m into the bloomberg then clicking hit at 103.57 or lower. + +So the guy comes back from the toilet, looks at the screen sees the vwap algo going off and has bought about 59m in the past 5 minutes, closes the algo. Starts freaking out, now the problem is that since FI is all OTC the vwap algo had hit up ALL the dealers to buy the 59m, so their automated system would quote a shitty bid for the rest of the day (no dealer wants to get picked off). + +It was a fun afternoon trying to unload 58m of dbr's, took about 2 weeks to unwind them at a profit. + +Protip: Don't let your secretary place your trades. + + +This has been in development since \*\*\*MARCH 31st, 2021. \*\*\*\* + +&#x200B; + +[Twitter](https://preview.redd.it/f22rrpk2yqo81.png?width=601&format=png&auto=webp&s=b309a38f7a0750f8009cd0a3c8a11090e3f05ea6) + +I recently have done some digging on twitter and saw this image that no one has acknowledged since the Gamestop/Immutable X partnership was announced. + +With the little information I can find, Immutable X has suggested that they are building a way for Opensea to trade their NFT's on their Layer 2 Platform - which means that Gamestop's marketplace will be able to by default be able to be integrated with Opensea. They will either directly or indirectly profit from the trades that will be utilizing Layer 2 (which will be every trade through Opensea.) + +[builtonimmutable website](https://preview.redd.it/jb1etr14yqo81.png?width=1715&format=png&auto=webp&s=d5d74061d02f7e639831f569d3694572fb42a759) + +Side note: Opensea's valuation is currently 13 billion ( approximately 2x our current marketcap ) + +My own speculation is that this integration will be apart of the umbrella that GMERICA will represent. + +[Tinfoil - Gamestop x Opensea](https://preview.redd.it/q0i2tj60yqo81.png?width=612&format=png&auto=webp&s=58659d50c16ba45531bf91c5c0f74f475f5c3798) + +If anyone can either provide further information or can further explain this development please feel free to let me know. + +EDIT: Just to address the people saying this does not mean Opensea is integrating, why the fuck would Gamestop partner with Immutable X if they are providing the biggest competition to their marketplace with the same Layer 2 capabilities/advantages that Gamestop would have. + +EDIT 2: A good counter-point: + +https://preview.redd.it/npaef35vdno81.png?width=663&format=png&auto=webp&s=b99aadfba22d2f0bbc3a39e8d4ac300b542fe201 +Can't afford pads/tampons? Get sterilised! My only male friend unironically thinks a doctor (a man in my case) will let me get it done at the 'ripe' age of 20. + +Throwing my reproductive organs out the window will not change my situation and will stop me from ever starting a family if my situation gets better one day. Don't think it will, but dreaming is free. + +If anything, rather going under the knife, wouldn't it be WAY easier to give bleeding individuals access to free menstrual supplies? Why are condoms free in most college dorms but not pads? Why the hell do they only have panty liners that won't hold more than a few drops? It's driving me insane these days. +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 claim to be a disciple of Al Brooks, who preaches faith and simplicity in reading print, yet this weekend I went on a relentless hunt for “THE” breakout/momentum indicator to aid my trading; against me knowing better than that— and this morning, it got me cut up. + +Anyone else ever had this happen? Where you add 1 or 2 indicators then forget how to read the chart and position properly? + +If you’re curious: + +I went hunting this weekend for some sort of momentum oscillator after having a really good week last week paper trading the ES. For whatever reason, I felt the 20 EMA didn’t supply my needs for breakout indication, so I added MACD + MFI to my chart. + +I started the morning with one successful trade, then tanked from a $4,250 paper balance down to $1,100. + +Maybe it’s just me, but I felt utterly lost on my reads with those added indicators adding unneeded noise. +Every time I see a few green sticks I buy, sure enough, as soon as I buy, 2 pennies later is starts going down like a roller coaster on its way down, doesn't fail. Lost $400 today to those impulses, hope this was the last time. +GOTS, part 1.1 + +[GOTS, part 1.2](https://www.reddit.com/r/Superstonk/comments/nuud15/gods_of_the_sun_part_12_manipulating_the_meme/?utm_medium=android_app&utm_source=share) + +[GOTS, part 1.3](https://www.reddit.com/r/Superstonk/comments/nv333e/gods_of_the_sun_part_13_manipulating_the_meme/?utm_medium=android_app&utm_source=share) + +Hey apes. + +*tldr: this post is the first section of a long post broken into 3 parts (it's really fucking long). *It's about the corruption that almost broke GameStop and is still very much a market issue that we're dealing with as GameStop shareholders*. In other words, this post identifies some of the people who've been fucking with our favorite stock, among others, and possibly sheds light on the meaning of some of DFV and RC's recent tweets. Lots of corruption. Seriously disturbing stuff. And I think we're getting set up for a regulatory trap we can side step if we understand the game we've entered. Please take the time for this one.* + +How many of you have watched the evolving manipulation of the meme stock narrative by hedge fund and bank controlled media outlets since January? I have, and it’s been a fascinating shitshow. One of my serious hopes is that our community is the first step in a legitimized demand for the journalistic integrity we’re showing, especially in market journalism. So as much as we’re [memeing Melissa Lee at CNBC and though I think she’s the most beautiful woman in the world when she says “naked shorts” then analyzes her whoopsie with Shocked Pikachu Face retracement indicators](https://www.reddit.com/r/Superstonk/comments/nshffm/naked_shorts_just_confirmed_by_the_enemies/?utm_source=share&utm_medium=web2x&context=3) that are GameStop bullish, here’s the fucked up thing that I hope we’re all grasping: + +Melissa Lee was probably getting ripped to shreds in her earpiece in that moment for telling the truth. Why? Because saying “naked shorting” is probably on a banned speech list at CNBC. Why? Something we should all know by now: the hedge funds and their bank friends actually own the market media outlets (directly; they’re on the paperwork) and, when you’re caught in a bad market yolo, the truth is costly unless you can suppress it or manipulate the people who’ve called your bluff toward wrong conclusions. + +That said, and to be transparent, I think what we’re witnessing with companies outside of GameStop in the memes stock event is the set up for a devastating pump and dump that 1) helps hedge funds, big banks, and the Federal Reserve escape their liquidity problems, 2) aims to scare much of retail away from riding the GameStop MOASS rocket to the actual moon, and 3) gives big finance a narrative to leverage with the SEC to facilitate the regulation of retail’s threat to their unchecked financial industry power. I’ll bring as many receipts as possible and some tinfoil analysis to support that opinion. And please hear me clearly before hitting me with any *you’re being hateful FUD* when I start exploring AMC and Adam Aron. I’m not. I held AMC until last week and I hope you all get very rich riding these pumps if you’re still holding AMC. I also hope you escape the impact of the incoming dumps that I suspect will happen and then buy a metric shit ton of GameStop. And that’s not investment advice. I’m just a MOASS ape and I’m very hopeful. + +Something else I’ll clear up before it gets muddy… **this post gives a very strong date indication at the end. But I’m not projecting a MOASS date. There can only be one Apestradamus.** However, I do think there’s a strong rocket possibility this week. But it will always be standard casino advice that it’s not a good idea to buy options for earnings week when IV is high because of IV crush. Why is that advice still valid in this non standard casino GameStop gambling event? A serious truth remains: the naked short hedges and their bagholding bank friends aren’t bankrupt enough to be crying for bailouts from taxpayers yet, so the GameStop forecast is still Clear Moonshot with a certainty of fuckery and a chance of flash crash and/or MOASS next week, and we might go up or down or both or go sideways this week, I'm pretty sure. And there’s a simple way I’m escaping the earning week options uncertainty and [giving DFV a really great birthday present](https://en.wikipedia.org/wiki/Keith_Gill) on his way to [the shareholder meeting in Grapevine](https://twitter.com/TheRoaringKitty/status/1400965591800762368?s=20) on the 9th: I’m just going to keep buying and hodling GameStop because I like it so much, you filthy and beautiful FUD crushing apes. + +Let’s go. + +**MANIPULATING THE MEME STOCK NARRATIVE** + +I was debating spending my weekend writing this post until I saw [an article on MarketWatch titled “Interactive Brokers founder says **problem with AMC Entertainment memes**: People… will lose a very substantial amount of money](https://www.marketwatch.com/story/interactive-brokers-founder-says-problem-with-amc-entertainment-memes-peoplewill-lose-a-very-substantial-amount-of-money-11622836260) being directed at our subreddit. I made part of the title bold in my link because it’s a FUD fulcrum point. Why? The Interactive Broker founder is Thomas Peterffy, a Citadel’s PFOF client, and I think he’s playing his part in the hedge fund game with the meme stock narrative. I also think the aim of this game is to point blame at our memes for the losses retail bagholders will experience at the end of an orchestrated meme stock (outside of GameStop) pump and dump. This FUD is a blame shifting mechanism. How? If what we’re witnessing with AMC, etc, is a massive pump and dump, the hedge funds, brokers, and bankers are the perpetrators, not the people who’ve been memeing about their crimes. And this article is definitely feigned worry about retail losses, not hedge fund losses. How do we know that? From the article: + +>The market veteran [Peterffy] told MarketWatch in a Friday interview that the big problem with the so-called “meme”stock revolution, with assets powered higher on social-media sentiment and not on fundamentals, is that novice investors will be saddled with real losses when stocks like AMC Entertainment Holdings AMC, -6.68% and GameStop Corp. GME, -3.80%, eventually come back down to Earth. + +There’s a lot to unpack in that paragraph alone, so let’s lightly touch four observations (I’ll be dedicating a separate post to the meme stock narrative manipulation) to set the stage for the rest of this post and series to follow. + +First, [MarketWatch is part of Citadel’s CME media arm](https://www.reddit.com/r/GME/comments/msuj3g/guess_who_is_also_with_citadel_marketwatch_do_i/?utm_source=share&utm_medium=web2x&context=3) and [Citadel is a primary perpetrator of the market wide naked shorting and FTD scandal as it relates to GameStop](https://www.reddit.com/r/Superstonk/comments/mn0q9q/theory_all_the_pieces_pt_1_the_anatomy_of_the/?utm_source=share&utm_medium=web2x&context=3). That makes this article on MarketWatch a conflict of interest. How? Citadel holds short positions that GME price action has defied and they’re presenting a market authority figure they do business with on their media subsidiary to project downhill price action into Citadel’s short positions that will coincide with retail investor losses. That alone is a manipulation of market sentiment. When you combine the media ownership conflict with the media owner’s market positions, there’s a case to be made that it’s criminal market manipulation in practice. + +Second, Peterffy’s brokerage, Interactive Brokers, is a Citadel [payment for order flow](https://www.investopedia.com/terms/p/paymentoforderflow.asp) client. That makes his opinion on GameStop his own conflict of interest considering he knows what short hedges yoloed into MOASS. Here’s an [excellent article called “How Much Does Free Cost?”](https://www.elevatecapitaladvisors.com/news/20191007) that mentions the Citadel/IBKR PFOF relationship; the author states: + +>On Thursday, September 26 Interactive Brokers ... announced a new type of account agreement for smaller investors called “IBKR Lite” which provides unlimited commission-free trades on US exchange-listed stocks and ETFs. In **a radical departure** from historical operating procedure **Interactive Brokers (IB) would pay for this service by selling the trade order flow to execution services like Citadel and Virtu**. + +To return to a foundational moment for apes, here’s [Peterffy’s community famous interview on CNBC](https://www.cnbc.com/video/2021/02/17/interactive-brokers-thomas-peterffy-on-gamestop-hearing.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) where he talks about broker obligation to go to market to buy shares, which would have pushed GameStop stock prices into the thousands without the buy-button removal manipulation we experienced in January. Notice in retrospect, though some still praise him for being honest, Peterffy avoids calling complicity on the practice of naked short selling and the interview concludes with him brushing off his inclusion in the PFOF scheme that disadvantages retail investors. Say it again. CONFLICT OF INTEREST. + +Third, there’s a pairing of AMC and GameStop in the presented narrative that labels them both meme stocks, an equalization that I think reveals an intent to co-opt and steal GameStop positive sentiment and attach it to AMC. This effort has been thorough and predictive. For instance, we saw articles like [this CCN business GameStop hit piece in March](https://www.cnn.com/2021/03/25/investing/gamestop-amc-meme-stocks/index.html) that asserts “Gamstop tumbled 33% following its miserable earning report” before offering “[a]lthough it highlighted a few bright spots, including exploding digital growth, overall sales and profit fell short of Wall Street expectations.” Notice the two false characterizations? First, the earnings report wasn’t miserable; it was solid and spoke to positive indicators in the first steps of a company transition still in its infancy. Second, Wall Street bet on GameStop bankruptcy. That means earnings absolutely defied and exceeded their company profit expectations and stomped on the projection of their short hedge bankruptcy bet. Then we see articles hitting the news cycle this week [that call AMC the new king of meme stocks](https://ca.finance.yahoo.com/news/amc-king-meme-stocks-3-173642798.html), asserting: + +>The surge has topped 390% in the last two weeks alone, pushing AMC’s stock price to a record high. **Its market capitalization has also ballooned to $31 billion, surpassing other so-called meme stocks. That includes GameStop Corp.**, which now sits at about $21 billion after reaching a high of $25 billion in January. + +I’ll dive deeper into this intentional narratorial pairing of AMC and GameStop as a psychological strategy in a subsequent post. To me, it’s both an incredible GameStop bullish indicator and a serious AMC warning. However, it also indicates that serious fraud is still being aimed at us with the idea that it could be successful. + +Fourth, the article tries to drive home the idea of meme stocks being indicative of a revolution, and they are. However, context becomes paramount in this discussion because the MarketWatch article characterizes the meme stock revolution in a manner that’s dangerous to the revolutionaries while the author avoids mentioning the hedge fund crimes that made GameStop MOASS possible in the first place; here’s the characterization: + +>The investments in AMC and GameStop originally started out as **organized short-squeezes by a clutch of individual investors** who had identified that a number of companies were heavily shorted by hedge funds and surmised, correctly, that those stocks could be pressured higher if enough buyers collectively swooped in. + +That “organization” word. It’s really close to organic, which is the type of community we are, but it’s very important that we remember that [Wall Street would love to regulate us out of the market in our current form](https://markets.businessinsider.com/news/stocks/reddit-traders-gamestop-wallstreetbets-market-manipulation-laws-regulator-esma-gme-2021-2-1030093197) and massive retail losses in a pump and dump they organize could be used as a regulatory excuse to fuck us. And that “organization” word and its importance… from the article: + +>"Discussing the opportunity to buy or sell shares of an issuer does not constitute market abuse," the EU's top market regulator said in a statement. "However, **organizing or executing coordinated strategies** to trade or place orders at certain conditions and times to move a share's price could constitute market manipulation." + +To me, that makes Peterffy’s MarketWatch interview a potential indication of hedgie plans. And, in case you’re an “SEC will save us” ape, here’s what I wrote on Friday about [Citadel hiring the ex-SEC director, Stephen Luparello, to be general counsel and now Chief Legal of the crime empire](https://www.reddit.com/r/Superstonk/comments/nsoiq7/i_just_found_out_citadel_hired_exsec_director/?utm_source=share&utm_medium=web2x&context=3). Have you heard of [regulatory capture](https://www.investopedia.com/terms/r/regulatory-capture.asp)? Please get familiar with the term. Here’s an article called [“When watchdogs become pets - or the problem of regulatory capture](https://theconversation.com/vital-signs-when-watchdogs-become-pets-or-the-problem-of-regulatory-capture-111170) that offers a good insight for what we are to Wall Street; here, the author states: + +>Self-interested politicians supply regulation. Firms demand it – usually because they want a competitor regulated. + +Why is that important to apes? + +Simple. + +We’re the competition Wall Street wants to regulate. + +But how do you get to a point of regulating the apes? + +Again, simple. + +You make the general public think that regulations that will fuck apes are a good idea by fucking everyone with a pump and dump you orchestrate with your continued abuse and avoidance of regulations while spinning your crimes to your benefit with the media outlets you own. Those big brain plays. + +But how do we know this meme stock short squeeze narrative is media FUD driving to a conclusion that points away from GameStop? Let’s look at how the GameStop and AMC capital raises were treated. + +The Street wasn’t a fan of GameStop selling shares as evidenced in an article titled [GameStop plunges on plans to sell 3.5 million shares](https://www.thestreet.com/investing/gamestop-gme-stock-share-offering-sales). Plunges… this article mentions GameStop and AMC. However, the characterization of GameStop’s capital raise fails to give clear indication of a newly debt free company (we’ll get to how important that is in this post - it’s actually incredible) with unencumbered liquid cash to work with. Here, the author writes: + +>GameStop said it plans to sell the shares through an “at-the-market” equity offering program. It said it intends to use the net proceeds to “further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet.” + +Then the author enters the AMC FUD zone. Here the author writes: + +>AMC founder and CEO Adam Aron told TheStreet's Jim Cramer last week that his company has been able to navigate its way through the coronavirus pandemic by raising $2.8 billion in cash, thanks in large part to the rally in its share price despite being close to going out of business "five different times last year." + +>AMC in late January said **it raised $917 million in debt and equity** that it said not only takes bankruptcy "completely off the table" but also put it in position to pay down debts accumulated during the pandemic and beef up its coffers. + +>Both GameStop and AMC have become the mascot of retail. + +Two retail mascots, two different characterizations of company capital raises by retail antagonistic media though, and a serious deception. Remember "debt and equity" for when we get to the deception. First though, MarketWatch pumped this article titled [“What dilution?: AMC can’t stop raising capital by selling more of its meme stock and the market can’t stop buying](https://www.marketwatch.com/story/what-dilution-amc-cant-stop-raising-capital-by-selling-more-of-its-meme-stock-and-the-market-cant-stop-buying-11622568761). This article is a trip all by itself. It references obvious share dilution in AMC, talks positively about AMC’s growth plan, and even discusses an existential crisis faced by Redditors seeing Mudrick Capital rip and flip a private AMC share offering. To the existential crisis, the article brings up Mudrick Capital, quoting Redditors, and even going so far as to quote someone calling Jason Mudrick an “ape” for being long GME and AMC; the author writes: + +>On Reddit, where retail traders have been singing the praises of AMC for months, users applauded Aron’s thinking even while coming to grips with the notion that a meme stock was gaining thanks to a deal with a hedge fund, widely-viewed as the existential enemy of the retail investor after January’s short squeeze. + +The article then concludes by quoting [Adam Aron in defence of share dilution he promised shareholders he would avoid just six weeks earlier](https://markets.businessinsider.com/news/stocks/amc-stock-price-ceo-says-no-stock-sales-new-issuance-2021-4-1030310408): + +>Still, numerous AMC message boards were filled with users questioning why Aron, referred to as “AA” would execute another capital raise and risk diluting the stock price by trusting a hedge fund with a large tranche of shares. + +>But Aron’s most vocal defender was himself. + +>“In our view, this is not mindless dilution, but rather this is very smart raising of cash so that we can grow this company,” Aron tweeted. “To many of you on Twitter, to grow YOUR company. Watch out naysayers, $AMC is going to play on offense again. Here we come!” + +A very smart raising of cash because share dilution is a positive with AMC, right? Here’s [another article that has a fascinating take that glosses over share dilution and tries to subtly paint GameStop as bad for the markets](https://www.cnbc.com/2021/06/03/amc-says-it-has-already-completed-share-offering-raises-587-million.html). Again, we have it driven home that AMC is retail driven. The article states: + +>In a curious move typical of the meme stocks, the shares rallied off their lows on news of the completed sale as retail investors cheered the capital raised and looked past the dilution of their stakes. + +Then the author doubles down on this narrative: + +>AMC, the star of the show in Reddit’s WallStreetBets forum, has soared more than 140% this week alone as retail traders continued to encourage each other to pile into the speculative name. The shares have skyrocketed more than 2,900% this year. + +And the implication in making this point? AMC is the safe squeeze that’s happening unlike the unsafe GameStop squeeze that already happened. And Wall Street agrees about this: + +>While AMC’s latest surge is reminiscent of the GameStop mania earlier this year, many on Wall Street believe [the movie theater chain won’t cause a turmoil in the overall market like GameStop did](https://www.cnbc.com/2021/06/03/unlike-the-gamestop-bubble-amcs-retail-trading-frenzy-doesnt-pose-the-same-systemic-market-risk.html). Back in January, GameStop’s short squeeze caused liquidity headaches at hedge funds and brokerage firms that spiked volatility in the broader market and raised concerns about financial stability. + +And the article CNBC embedded in that paragraph? Here’s what the author had to say about GameStop: + +>The wild trading in AMC Entertainment is giving investors flashbacks of the GameStop saga earlier this year that blew up hedge funds and caused turmoil on Wall Street. However, the recent frenzy doesn’t appear to have the same force behind it and likely won’t trigger the same ripple effects. + +>So far, there have been no signs of liquidity issues at any hedge fund or brokerage firm amid the massive rally in AMC driven by **meme-obsessed retail traders**. + +Those meme-obsessed retail traders… + +Too bad some of us meme junkies believe in the long term value of GameStop [even though media panned GameStop’s planned stock offering as a mixed blessing, unlike AMC, and painted us into everyone else's short squeeze corner](https://www.barrons.com/articles/gamestop-planned-stock-offering-is-a-mixed-blessing-51617647607); here the article writer quotes an analyst with a $30 GameStop target: + +>Feldman wrote, “[GameStop] has yet to show financial success in an industry that is rapidly shifting to digital. And, we continue to believe the current valuation far exceeds our rosy fundamental expectations and projected multiyear benefits from the strategic transformation.” + +But remember GameStop’s “miserable earning report” while market media glosses over “exploding digital growth”? Good. Think of AMC when this author offers this gem: + +>The stock sale news is mixed for GameStop. Existing shareholders may reconsider the stock’s current valuation and expected dilution, **especially as short sellers are provided easier opportunities to cover their bearish bets.** But the fresh capital is sure to boost Cohen’s strategic vision. + +So what is it? Are capital raises good or bad? And for who? One implication of dilution is that more shares mean more opportunities for short hedges to cover their shorts. Regardless, determination of “good or bad” by the media seems to depend on which side of the bet the hedge fund that owns the media company is on. + +I’ll conclude with this article where Yahoo provides some important information while [discussing Mudrick and the AMC share dillution](https://ca.sports.yahoo.com/news/amc-surges-meme-stocks-start-103054396.html), a key to understanding another depth of this saga and why the media is making such effort to obscure perspectives of AMC and GameStop. First, the article creates a negative connotation about video games; the author writes: + +>The move by Mudrick Capital Management to flip 8.5 million shares of the movie theater chain immediately after buying them in a private placement from the company shows how Wall Street is getting bolder about making a quick buck off a trading frenzy that has helped fuel big rallies in several stocks favored by retail investors. + +>**Easy money from the Federal Reserve has "created an almost video game-like atmosphere in the stock market and investing,"** said Michael O'Rourke, chief market strategist at Jones Trading. "There's money flowing everywhere and this is a great illustration of that." + +We’ll get to the Fed in a subsequent post too. Here though, we get to an immediate key to unraveling the AMC situation; the articles offers: + +>Jason Mudrick founded London and New York-based Mudrick Capital in 2009 after leaving investment firm Contrarian Capital Management, **where he had focused on distressed investing for eight years**, according to the hedge fund's website. + +Debt investment... if you know about [vulture funds](https://www.investopedia.com/terms/v/vulturefund.asp) you probably already see the vultures circling AMC, and you understand RC’s Sears tweet. You also know what happened to Toys-R-Us. But stay tuned regardless because this exploration gets a bit mind bending. So let’s wash our minds of the media FUD we just explored [because GameStop has always been a long term value play with the possibility of MOASS](https://www.cnbc.com/2020/11/20/former-chewy-ceo-ryan-cohen-urges-gamestop-to-become-the-amazon-of-video-games.html) despite GameStop and GameStop investors getting co-opted into the meme stock narrative. + +And breathe. + +Now that your mind is clear because you’ve remembered that RC is paving a debt free path to building GameStop into the Amazon of the video game industry, remember that [DFV tweeted a scene from the movie “Parasite”](https://twitter.com/TheRoaringKitty/status/1400157768170889221?s=20) - parasites we’re going to attempt to identify. + +You might feel dirty as we go further, but don’t worry, [we’re still pushing GameStop bears off the wall like this girl](https://www.usatoday.com/videos/news/have-you-seen/2021/06/01/teenage-girl-fights-off-huge-bear-protect-her-dogs/7496469002/), you bunch of girls. + +RC VERSUS THE VULTURE FUNDS + +[RC tweeted a picture of a Sears sign](https://twitter.com/ryancohen/status/1400492465442811904?s=20) being torn down on June 3rd, 2021. + +How many of you remember Sears? I do and I hated it. My Mom-ape would drag me there while she shopped for a vacuum or new washing machine. We never got either. I wished Sears would disappear. Then I remember [watching the local Sears get shuttered as an adult](https://www.businessinsider.com/rise-and-fall-of-sears-bankruptcy-store-closings). I didn’t realize until this week that my Mom-ape couldn’t afford a new vacuum and Sears disappeared because Mom-ape and Sears shared a vulture fund problem. + +Here’s a synopsis of [what a vulture fund is](https://en.wikipedia.org/wiki/Vulture_fund) from the first paragraph of the wiki: + +>A vulture fund is a hedge fund, private-equity fund or distressed debt fund, that invests in debt considered to be very weak or in default, known as distressed securities. Investors in the fund profit by buying debt at a discounted price on a secondary market and then using numerous methods to subsequently sell the debt for a larger amount than the purchasing price. Debtors include companies, countries, and individuals. + +What does that mean? It means that a company considered to be on the brink of failure or in a bottleneck situation where it needs access to credit to remain viable is vulnerable to getting picked apart by debt investors, kind of like how vultures start circling a distressed animal when it becomes apparent that the animal might die. For example, [our other favorite store Toys-R-Us got picked apart](https://pitchbook.com/news/articles/toys-r-us-creditors-sue-former-bain-capital-kkr-execs) by Bain Capital, a [Mitt Romney founded vulture fund that gets described here in Rolling Stone in conjunction with Romney’s 2012 Presidential campaign](https://www.rollingstone.com/politics/politics-news/why-private-equity-firms-like-bain-really-are-the-worst-of-capitalism-241519/); this article gives a great description of a debt investment strategy known as a **leveraged buyout**: + +>Here’s what private equity is really about: A firm like Bain obtains cheap credit and uses it to acquire a company in a “leveraged buyout.” “Leverage” refers to the fact that the company being purchased is forced to pay for about 70 percent of its own acquisition, by taking out loans. **If this sounds like an odd arrangement, that’s because it is. Imagine a homebuyer purchasing a house **and making the bank responsible for repaying its own loan*, and you start to get the picture.** + +>O.K., **but what about this much more virtuous business of swooping in and restoring struggling companies to financial health? Well, that’s not a large part of what private equity firms do, either. In fact, they more typically target profitable, slow-growth market leaders.** (Private equity firms presently own companies employing one of every 10 U.S. workers, or 10 million people.) + +>And that’s when the fun starts. **Once the buyout is completed, the private equity guys start swinging the meat axe, aggressively cutting costs wherever they can** – so that the company can start paying off its new debt – by laying off workers and cutting capital costs. This process often boosts operating profit without a significant hit to the business, but only in the short term; **in the long run, the austerity approach makes it difficult for companies to stay competitive, not least because money that would otherwise have been invested in expansion or product development – which might increase revenue down the line – is used to pay off the company’s debt.** + +And here’s the kicker; not only do these vulture funds destroy companies that ape families and communities rely on, whether or not these companies are viable, they get tax breaks for doing it. That means vulture funds effectively screw apes twice, not to mention how this insider practice interrupts market realities for retail investors to the advantage and profit of Wall Street scammers gaming the system. Again from the article: + +>leveraged buyouts ... also short-change taxpayers, via a giant loophole in the tax code that enables companies to deduct loan interest from taxes. The provision was originally intended to encourage borrowing to build new factories, not to finance leveraged buyouts. But ... private equity-owned companies paid a 22 percent tax rate before being bought, and only 10 percent the year after being acquired. That adds up to a savings of $130 billion in taxes since 2000. + +And how does what I just wrote relate to RC’s Sears tweet? Here’s an article titled [“It Was Vulture Capitalism that Killed Sears”](https://prospect.org/economy/vulture-capitalism-killed-sears/) and subtitled <i>Don’t blame Amazon or the internet. It was a predatory hedge fund.</i> And who was the vulture fund that destroyed Sears? From the article: + +>In the case of Sears, the culprit is a hedge-fund operator named Edward Lampert, once a senior merger guy at **Goldman Sachs**. + +So... Edward Lampert entered into vulture capitalism from the same Goldman Sachs that has a substantial short position in the GameStop bankruptcy bet. The same Goldman Sachs that helps short hedges indefinitely FTD on their short borrows. And why? Here’s a big chunk of the article that tells how profitable it can be to kill a company by encumbering it with debt you control: + +>In 2005, Lampert merged Sears with Kmart, loaded both up with debt, and used some of the debt on stock buybacks to pump up the share price and enrich shareholders, notably himself and his hedge fund. + +>The Sears story shows how hedge fund operators can thrive even as the underlying company is pillaged. In a decade, 175,000 people at Sears/Kmart lost their jobs and revenue was cut in half. Various pieces of Sears were sold off. Lampert did just fine. + +>His net worth soared to over $8 billion after he did the Sears deal. In some years, he made over $1 billion just in income. After ballooning by several billion in the years when Sears stock was high-flying, Lampert's reported net worth is back down to something like $2 billion—below its peak but still astronomical and all based on taking down one of America's great companies. + +>Lampert's hedge fund also became a prime lender to Sears, making money off of commissions and interest charges as well as being a prime shareholder. Lampert's core strategy was to enrich himself, even if he ran Sears into the ground. For the most part, the nostalgia coverage of the demise of Sears has missed this. + +Wow, eh? + +Something that must be understood about this debt investment practice is how well it pairs with predatory naked short selling. How does it relate? The debt investment “capital boost” pumps sentiment and stock price on the distressed asset, then the corporate raider austerity measures kick in, the targeted company begins to struggle, and bear raiders start their work mirroring the intentionally created downward stock price action through short hedge investment pressure and media FUD that tarnishes investor sentiment about the company. The point: it’s easier to guarantee unbelievable personal profit guiding a company into failure than it is to risk guiding it into a corporate turnaround and transformation like RC has put forward with GameStop. However, it’s tricky to guide a company into failure while pretending you’re trying to increase its value. To that point, here’s [another Prospect article, this one a dive into naked shorting and FTDs as they relate to GameStop](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) that pairs well with [u/atobitt’s HOC DDs](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/?utm_source=share&utm_medium=web2x&context=3) and points to Goldman Sachs as a serious culprit in the scam like u/atobitt and [Lucy Komisar in her first r/SuperStonk AMA](https://youtu.be/wKXWvEpnN34). From the Prospect article: + +>Citadel, as a market maker that has to accept all buys and sells, gets a pass on many naked short selling rules. Even then ... in 2020, Citadel violated the Security Commission’s Reg SHO, the rule regulating short sales. On November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. Citadel did not admit or deny the allegations but paid the fine. + +>The problem is not new. **The SEC and New York Stock Exchange fined Goldman Sachs an infinitesimal $2 million in 2007 for allowing customers for more than two years to use its automated direct market access system and automatically mark short orders as long.** + +>Beyond that, the SEC rule itself is so weak, **traders can roll over naked shorts and stay naked indefinitely.** + +Here’s another ape post about this FTD scam from a smooth brained beauty named u/nequin about there being nearly [$1B of FTDs on May 14th, 2021 between GME and associated ETFs](https://www.reddit.com/r/Superstonk/comments/nrpjle/almost_1b_ftd_on_may_14th_between_gme_and/?utm_source=share&utm_medium=web2x&context=3). On May 14th, 2021. Oh boy that cheeky retail that loves popcorn so much... + +Remember Mudrick Capital ripping and flipping a private AMC share offering? Something obviously doesn’t add up. But what? + +First, I think it needs to be understood that much of AMC’s company capital raise is a debt investment, corporate raiders circling the carcass that’s circling other theater company carcasses with it’s debt encumbrance masquerading as a capital infusion in tandem with the share dilution. We then have media flogging AMC as a Reddit frenzy. Such a frenzy in fact that the media is [projecting the AMC stock price blasted up through a trading halt because of free popcorn](https://www.bbc.com/news/business-57334263) and, in case you forget, this article pairs their obviously justifiable caution of AMC investment with GameStop investment; the author states: + +>[AMC] promised to give free popcorn to smaller investors. + +>Analysts have said that so-called "meme" stocks, such as **AMC and GameStop, should be approached with caution.** + +>It is the latest example of amateur investors trying to seize power from Wall Street giants. + +The article then doubles down on this assertion and implication of market manipulation by retail investors: + +>But [Wall Street has] faced losses after amateurs, swapping tips on social media sites like Reddit or Twitter, drove prices up. + +It then offers an appeal to authority: + +>"The party could go on as long as investors continue co-acting," said Ipek Ozkardeskaya, senior analyst at Swissquote. "The problem is, the higher the price goes, the higher is the temptation to take profit and walk away." + +Now, let’s pair that assertion with the oddity of [AMC warning retail investors not to buy in despite it offering shares that Mudrick gobbled up and spat out like a whore bear](https://www.washingtonpost.com/business/2021/06/03/amc-meme-stock-trading-suspended/). Just absorb this piece of information reported June 3rd, 2021: + +>In a filing Thursday with the Securities and Exchange Commission, [AMC] highlighted the extreme price fluctuations of its stock and the stark disconnect between the passions of retail investors and its actual operations. + +>“We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last,” AMC said in the filing. “Under the circumstances, we caution you against investing in our class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.” + +>The company went on to list several risks to investors, including rapid and substantial price spikes and falls; the fickle sentiment of online trading communities; share prices that diverge from the company’s financial performance; and the market dynamics of a “short squeeze.” + +But what about the naughty words Melissa Lee said? What about predatory short funds and their vulture pals and the risks they pose to investors? No mention. But we do get the pairing of AMC with GameStop while demonizing retail investors: + +>AMC’s whipsaw is being propelled by retail investors — many active on Reddit’s WallStreetBets forum — mirroring the trading mania that swept through markets earlier this year alongside GameStop and other companies that institutional investors had bet against. And its rise is just as untethered from financial performance. + +And what’s the take away we’re supposed to believe? + +Here’s the setup: [Wall Street are the experts](https://www.washingtonpost.com/business/2021/02/08/gamestop-wallstreet-wealth/), it’s [apes that are the problem for market stability and regulators](https://www.washingtonpost.com/business/2021/02/03/gamestop-sec-regulation/), and [Adam Aron is *Silverback*, the most retail friendly of CEOs, and we’re not listening to his company when they say “don’t buy”... even though media is also pumping him as the retail hero apes call AA](https://markets.businessinsider.com/news/stocks/how-amc-ceo-adam-aron-embraced-the-company-meme-status-2021-6-1030496427). + +And what’s the likely purpose of creating this FUD narrative? + +**AMC is on the official SEC record warning retail that they shouldn’t invest in AMC, media is branding AMC price action as detached from reality because of a frenzied retail coup, they’re laying what’s likely a hedge fund orchestrated pump and dump at the feet of retail investors, and AMC fomo retail investors that get crushed by the dump (or pretend to be) are a perfect scapegoat to justify regulating our community instead of hedge funds.** Remember when we memed popcorn at the hedgies? Guess what? These are fickle pricks (we’ll explore that in a subsequence post I might call “Upset hedgie titty slap battles”) and they’re mocking us with free popcorn in exchange for the AMC shares we’re stupid enough to buy. + +And what’s the point of bringing up vulture funds? + +The same vulture fund tried to buy GameStop and AMC. + +Why is that interesting? + +Because Adam Aron has deep ties to that vulture fund. + +Why else? + +RC tweeted about a company that, like GameStop, was getting victimized by an obvious vulture fund pump and dump scheme. + +And riddle me this… AMC is a distressed asset likely being raided, [Adam Aron is raving about AMC’s new investors that are at odds with Wall Street](https://www.cnbc.com/2021/05/07/amc-ceo-adam-aron-raved-about-its-reddit-investors-on-an-earnings-call.html), he went back on his promise to shareholders about share dilution while media spun the share offering positively, and AMC’s official SEC filing is a stated warning to investors that they’re probably going to get crushed. + +Hmm. + +I detect corporate and media complicity in a Wall Street scam. + +I also [detect that RC likely refused to play ball with the vulture funds](https://twitter.com/ryancohen/status/1399526466770059268?s=20). + +Regardless, welcome to the debt investment game, apes. + +GOTS, part 1.1 + +[GOTS, part 1.2](https://www.reddit.com/r/Superstonk/comments/nuud15/gods_of_the_sun_part_12_manipulating_the_meme/?utm_medium=android_app&utm_source=share) + +[GOTS, part 1.3](https://www.reddit.com/r/Superstonk/comments/nv333e/gods_of_the_sun_part_13_manipulating_the_meme/?utm_medium=android_app&utm_source=share) +I’ve done some research (i.e., internet digging) and Excel modeling and *think* I have the “right” answer here. + +Questions: When is the best / most optimal time to exercise employer stock options? For those who have experience, how did you approach the decision? + +From what I can tell in what I’ve read and tried to model out, it’s best to wait until close to the end of expiration (or when your LT view of the company’s prospects changes) to exercise options. While you are taking more appreciation as ST ordinary income vs. LTCG, unless you are going to pay for the options and tax hit with your own cash upon exercise, that is, not net settle, you come out much better doing this. + +Humor me with these assumptions: + +*Stock price is higher at vest than grant date (I realize this is a big assumption) + +*Stock price is higher at sell date than vest date (I realize this a HUGE assumption) + +*ST ordinary income tax rate is higher than LTCG tax rate + +*You net settle to cover strike price and taxes upon exercise (interestingly, if you don’t net settle when you exercise, it is more tax efficient to exercise options immediately, so that future price appreciation converts to LTCG, ignoring TV of money...however, then you have tied up your cash in employer stock and also lost the benefit of options) + +[ignore concepts like asset concentration, a bird in the hand’s worth two in the bush, etc.] + +EDIT: these are non-qualified options, not ISOs +Hobbies keep us calm and relaxed in times of turmoil so, with this sub going through its own little crisis, I thought a Fat-hobbie post might be a welcome change. + +Hobbies are obviously about as individual-specific as it gets but I have noticed that there is actually quite a bit of overlap in interests for the FatFired guys I know, though this is probably in part because they are mostly middle-aged white males with professional backgrounds. Still, there are some ‘rich people’ hobbies out there which are not really accessible to the public and some of them are very fun. + +To qualify as ‘Fat’ I would put the following parameters: + + - Can’t be done while also doing a full-time job + - Costs $20k-100k annually or else has a large upfront capital layout + +So here are some of my ideas of good ways to spend that time/money. I would be interested in people who have done some of these, was it worth it for you etc, and then obviously what YOU think would be cool given these parameters. + +1. Get a pilot’s license and do a lot of flying. My dad’s best buddy is a semi-retired pilot and we have done a few very fun trips with him - there are a lot of tiny runways in cool isolated places and traffic is never an issue. + +2. Go sailing. I actually think this is a very underrated FIRE option for full time liveaboards but a nice Fat yacht for sailing a few months a year would be excellent. + +3. Do some very cool skiing. Probably need a season of intensive coaching even for good skiers, then go on some serious heli trips. 5k a day in whistler or similar, several times a year, and go find some out-there destinations (skit touring in Greenland, etc) + +4. Shooting. I live in the UK and pheasant/grouse/partridge shooting is a big ‘upper-class’ sport here. A good shooting day can run well over 1k. To be fair this can easily be done while working full-time but I would like to train my own pointer too, which is a bit more time consuming. + +5. Golf. Im not much of a golfer but my old boss is (according to his not-so-chuffed wife) spending 30-50k a year in golf workshops, playing with pros etc, so there must be some value in it for him.. + +6. Follow Formula 1. But trickier this year but a friend’s FIL is 9-figures fat and does this every year - goes well with his Richard Mille habit. + +Im sure these do not appeal to all or even most - which is kind of the point. Let’s hear some more ideas! +Hi everyone, + +&#x200B; + +I've recently joined and have been learning a lot. My question is general targets around composition of wealth as you age. + +I appreciate these figures will evolve over time but of your net worth in early 30s, is there a reasonable portion to attribute to: + +a) House value + +b) Valuables, e.g. jewellery + +c) Company stock + +d) Pension / Retirement accounts + +e) Liquid investments in the stock market + +f) Alternative investments + +&#x200B; + +I am most concerned about overindexing on items a-c, so perhaps is there a ceiling that you don't want these categories to surpass as a % of your net worth? + +Hope this makes sense and please feel free to direct me elsewhere. +Been trying to look at things differently, mainly because I suffer from analysis paralysis. Anyhow, my family's current lifestyle cost us about $120-$130 per day. Looking at our daily and hourly rate almost makes me sick! Lol + +Aside from downsizing the mortgage, there isn't much we want to cut. + +Anyhow, how are y'all doing? Were you able to reduce this significantly? If you spend more than that, is it money well spent? + +For the frugal, what does a daily breakdown look like for you? + +When any of you see it like this, does it make you want to change the way you spend? + + +Intel Reaffirms: Our Discrete GPUs Will Be On Shelves in Q1 2022 + +>there’s one little tidbit in the earnings presentation about its upcoming new discrete GPU offerings. The earnings are usually a chance to wave the flag of innovation about what’s to come, and this time around Intel is confirming that its first-generation discrete graphics with the Xe-HPG architecture will be on shelves in Q1 2022. + +>The fundamental building block of Alchemist is the Xe Core. For manufacturing, Intel is turning to TSMC’s N6 process to do it. Given Intel’s Q1’22 release timeframe, Intel’s Alchemist GPUs will almost certainly be the most advanced consumer GPUs on the market with respect to manufacturing technology. Alchemist will be going up against AMD’s Navi 2x chips built on N7, and NVIDIA’s Ampere GA10x chips built on Samsung 8LPP. That said, as AMD can attest to, there’s more to being competitive in the consumer GPU market than just having a better process node. In conjunction with the use of TSMC’s N6 process, Intel is reporting that they’ve improved both their power efficiency (performance-per-watt) and their clockspeeds at a given voltage by 50% compared to Xe-LP. Note that this is the sum total of all of their improvements – process, logic, circuit, and architecture – so it’s not clear how much of this comes from the jump to TSMC N6 from Intel 10SF, and how much comes from other optimizations. + +>The Q1 launch window puts CES (held the first week of January) as a good spot to say something more. + + + Source: + +https://www.anandtech.com/show/17026/intel-reaffirms-our-discrete-gpus-will-be-on-shelves-in-q1-2022 + +NTC trading at a Price to Earnings Ratio (PE Ratio) of 11.0, which is super low. +Nvidia is 81.35 P/E, AMD is 42.86 P/E. +[Verification](https://imgur.com/a/tSGMfRs) + +Alright I’m going to need someone to explain just exactly what in the fuck is going on because last I checked SPY was still $300. You can imagine my surprise when today we pulled into the Manhattan Cruise Terminal at 3am and I see we had 2 god damn circuit breakers in one week. + +Before the cruise started, Pence announced all tendies were safe and stonks only go up so I sold all my put positions (now worth upwards of $80k). Fuck me. + +Feel free to ask me questions about NCL and the cruise, what it’s like to denounce homosexuality but still get fucked in the ass, or any other interesting topics. + +Fuck. + +EDIT: We just received clearance from NYC officials to de-board. I’ll believe it when I see it. Will keep you retards updated. + +EDIT2: Just disembarked, hazmat tactical units standing by. Thank god I’m off this god-forsaken ship. + +EDIT3: They used facial recognition at customs instead of passports, long AI. +I have a chronic fear and anxiety of wasting money. I started a new hobby recently, that I’ve wanted to get into for a long time. Long story short I ended up wasting $50 because I didn’t know any better. + +I make enough money nowadays for this not to be an issue. I could lose many times this amount of money I’d be totally OK. However, I am instead crying because I have such a terrible anxiety over having wasted money. + +It doesn’t stop there. I still try to budget buy groceries on a starvation budget, even though I don’t have to. I’m finally out of the hole, but all the bad stuff that happened to me while I was there is hard to leave behind. +Hear me out, I'm sure he will be wiping his tears with his millions of dollars about this, but... + + +If you watch his videos you can tell that he genuinely loves investing, researching stocks to find deep value, and putting his bull thesis together. While profit is amazing and it is awesome to be correct, many of us that have been doing this for a while do it to chase that dragon. If we get a play right, we just go on to find our next play and the cycle repeats. We love researching companies to find that diamond in the rough company that is way undervalued. + + +Now that so much focus and international spotlight is on DFV, I would imagine that he will be very hesitant to share his new finds for fear that if he posts something on here pointing out a new possible play that people will just flock to that stock with any DYOR. Just the fact that he has been quiet last week (outside of his daily position screenshots), tells me that he is being very careful about what he shares. +I am in process of putting in an offer for my first home and the REA wants me to sign a contract of sale before negotiating the final price. is that normal? + +Also, any other advice would for first-home buyer is much appreciated +hey guys, could anyone point me to some useful reading materials, or share their own insights, on helping to decide whether to get the required private health insurance cover or just go through the public system for one's first baby? + +i've seen this discussed here before, and a lot of people seem to advocate for the public system, particularly in Victoria. i'm somewhat adverse to paying significant premiums and further out-of-pocket costs, just to get continuity of doctor and perhaps a longer guaranteed hospital room, when everything else is pretty similar (or perhaps it might not be, i'm pretty ignorant on the subject) + +thanks in advance for any advice or direction + +EDIT: wow, 160 comments and counting, and on a weekend, thanks for the input! +[https://www.corelogic.com.au/news-research/news/2022/peak-profit-making-period-has-passed-for-australias-housing-market](https://www.corelogic.com.au/news-research/news/2022/peak-profit-making-period-has-passed-for-australias-housing-market) +Today is July 13 and the cash rate is 1.35% + +Let’s guess what it would be on October 13? + + +Then set up a reminder and actually check if our estimates come true 😊 + +Before you say anything I know the cash rate is announced on first Tuesday of every month, so nearest announcement will be on October 4, but feel it’s easier to round up for the remind me bot. + + +We all want a recovery and a recovery we shall all get. I am sharing this post here due to the fact that I found out about FULLSEND from someone else posting here. Here’s the news ….. + +We secured a fresh bitmart listing saw the biggest 24 hour rise on our chart in the past 3 weeks. AS OF 30 MINUTES AGO … we have just listed on CMC. The tokens are due to be burnt and a steady movement upward has begun. I cannot recommend this buy much more. The online community is great and any questions from the statements below can be answered in the discord and telegram. This is an investment that is a long terms plan and will secure great futures for many. If you’re looking for the next “play” I’d suggest this one isn’t for you because we are here for the long haul. This price likely won’t be seen again and therefore it is my duty to inform you of all the below. We all remember a coin someone told us about that we chose not to invest in. We then remember coming across it again and realising we missed an opportunity we never took. This is it. Take a read …. + +✅ Full audit (before public sale) + +✅ 10million market cap. + +✅ close to 30000 holders! + +✅ Already listed on Bitmart + +✅ COIN MARKET CAP & COIN GECKO LIVE + +✅ Youtube, TikTok and Twitter promotions + +✅ Several exchanges requested + +✅ Doxxed devs + +Use case: + +Full Send's main goal is to launch a cryptocurrency trading app that is friendly and educational for new cryptocurrency traders - therefore tapping into an early market that will grow strongly in my opinion. They intend to implement bots in the mobile app in order to allow them to profit while they have their eyes closed. Of course, a bot is not a magic money maker to be careful with, so they will introduce all the necessary security to prevent you from losing more than you can afford, such as loss limit, notification stop, etc. The app will also have tutorial videos that will be led by one of their awesome developers to teach you not only about the crypto space, but trading in general - ALSO how to make your own trading bot, so it will be a decentralized trading platform. awe-some! + +¡¡¡¡🔥🔥🔥 This will be HUGE!!!! 🔥🔥🔥 + +Equipment: + +Revealed shortly after the listing, the team looks strong to me. Most students pursuing advanced college degrees in the medical field. I see both positives and negatives in the students; positives as they will have time to devote to the project, and potentially negatives as they may have a shift issue. My experience so far with the team has been amazing, they are really dedicated to the project and constantly updating and making the community a healthy place. Questions are answered by the team in a timely manner and always super helpful in addressing issues. This is unmatched by many other communities I've been a part of. And just like the rest, they are constantly growing with us. + +Marketing and design: + +$FULLSEND wants organic and steady growth in the crypto space. The team drives the warm community aspect of this project. Bringing us all together to create something innovative and sustainable that lasts. + +Again, come join a community of helpful and smart people who share the dream of all of us becoming financially independent!!! for OLYMPUS!!!! 🔥🔥🚀🚀🚀🚀. + +And IF, by any chance this is not the place to put your money we wish you success on your way forward in the world of crpyto 🌏 + +Come check us out + +Telegram : [u/FullSendCrypto](https://www.reddit.com/u/FullSendCrypto/) + +📷 Website: [https://www.fullsendcrypto.net](https://www.fullsendcrypto.net/) + +Coin Market Cap: + +Full Send price today, FULLSEND live marketcap, chart, and info | CoinMarketCap ([https://coinmarketcap.com/currencies/full-send/](https://coinmarketcap.com/currencies/full-send/)) + +📷 Contract: 0xd8c202fc83792d98fb94c1fa2fdac5702a75df1c +This Monday, **future is so bright you gotta wear shades** \- specifically polygonally shaped shades! Join the ambitious POLYDOGE team and the most based community on the Polygon MATIC L2 network on a pre-programmed journey to the first 1B mcap journey. I'll sum up in some short bulletpoints the upsides to getting on yer bike and picking up a bag of the token currently trending on Coingecko, tightly tied together with future-of-DeFi MATIC token. + +\- POLYDOGE is by far the **biggest** community/meme token on Polygon, beating all others by a wide margin. The dedication of the community can be seen in the engagement on social media, a TG channel which is blowing up with first hundreds and now thousands joining every day. We believe that Polygon is next after BSC. + +There are many indicators to this. The only competition is Solana, a counter intuitive environment for new developers. You need to be able to attract the noobs and idiots mostly, and Solana is not made for that. *Polygon is backed by Ethereum, will have onboarding from Coinbase and possibly Binance soon (tm), and TVL is already kicking of like hell*. POLYDOGE is there, ready to moon. + +\- The project runs on an **exponentially growing network** onboarding thousands of ETH and BSC investors recognizing the potential for cheap transactions in more uptight DeFi as well as the 1000X moonshot plays the now hemhorraghing BSC network saw plenty of in the early days. + +\- **The team!** It consists of real superstars capable of reaching out to millions of people outside of crypto, with rumoured deep ties to larger players such as foundations and influential people (I wonder why BlockFi co-founder and Polygon lead dev advisor tweeted about Polydoge favorably in comparison to DOGE in a subtweet to Elon Musk?) + +\- Most tokens die out quickly, but a team that manages to **pioneer the use of music videos**, and not just sending charity to static adresses but instead **recruiting sports stars with multi-year work experience in the charity industry** \- that's how you pick up those that understand markets and strategy, and is capable of executing with perfection. \] + +Watch out for the 10M subbed marketing advisor Bart Baker dropping his first music video (already leaked to Spotify, it seems?). Polydoge has managed to reach far beyond the crypto community in the west (being more well-known than Justin Bieber in China, where he resides and works. Just check out the lively Chinese Tg!). \[Check the leaked music video out! [https://twitter.com/BartBaker/status/1392429984120074240?s=20](https://twitter.com/BartBaker/status/1392429984120074240?s=20) \- already over 10k views! + +\- **Holders get the most perks** just by holding: NFTs, airdrops, ever farming/staking platform offers it because it's the most profitable for them. Everyone needs POLYDOGE, and with wider adoption (already whitelisted on Quickswap, 1inch and Sushiswap in record time!) the room for establishing lucrative collaborations - including utility token functions - is expanded in the extreme. + +\- Is the only coin on Polygon **used as comparison for ALL other projects**: "Hey guys, we could pull a polydoge, right?" + +**... and what about reflection?** + +The current popular type of contracts consist of having yield reflection, as holders generate income from transaction taxes. The reason why this has been created in the first place by RFI, is because the Ethereum Network had really high fees for any yield farming application to be successful. This reflection type of farming adds for instance a tax percentage, and then it's reflected to holders. Holders get a part of that overtime. + +However, being on the Polygon network with basically almost 0 fees, that type of reflection is not really necessary, and on the contrary, counter productive, as yield farming is a great way to offer a holder activity and use cases and pushes them to engage further with the community. + +As for taxes and liquification, these are what we call "ponzinomics", which means it forces the user to lose 10-15% on his initial buy by including a tax (that auto adds to liquidity, burns, sends to dev wallet...). + +This kind of model forces the buyer to hold and wait at least an upticking in price of 30%. As you can see, this model is great for the short term, but there comes a time where the selling will cascade really hard as people dump with 15% slippage to the point of no return. Polydoge has 3 lines of code, preferring the natural way of growth. Granted, it takes a bit more time for value to accrue, but it is a time-tested truth that this is the only way to build a foundation equivalent to the ambitions of a lasting 1b+ project. + +🖥 Website: [https://polydoge.com/](https://polydoge.com/) + +✈️ Telegram: @ Polydoge + +🐦 Twitter: [https://twitter.com/PolyDoge](https://twitter.com/PolyDoge) + +📓 Medium: [https://polydoge.medium.com/](https://polydoge.medium.com/) + +🤑 Buy on Quickswap, 1inch or Sushiswap whitelists! +I recently submitted applications with 5 banks for a mortgage. One of them came in with a far lower rate than the others. I asked their loan officer why the rates are so low, and they claim that it is because they are financing the loan themselves and are able to offer better rates to gain marketshare. They said this is new since they are under new management within the past year and trying to rebuild their portfolio. Obviously, if this is true I want to go with them, because it will save me a lot of money in interest. + +Pros: I checked it with my real estate agent, my real estate lawyer (who has done deals that included them before), and one of the other banks I've been talking to. They all said it sounded like a good deal and that this bank should be able to handle the mortgage. I also checked the Better Business Bureau, and they have an A+ rating as a bank. + +Cons / Concerns: The 5th bank I applied to called me back today (later than the other 4) and when I told them the rate I already got, they strongly implied that this other bank must be breaking fair lending laws to give out such a good rate, that the rate is too good to be true, and that this bank has been running similar market share offer deals for 15 years. Separately, I also see several customer complaints about them and in general they are not well rated online (but, most of the issues seem to be about bad customer experience and bad online account options, not issues related to mortgage rates.) + +So, should I trust the sources that I checked, or should I still be suspicious of this deal? Is there anything else I can do to assure myself that this is a "real" rate that will not fall through or have legal issues? + +Thanks for any advice! + +EDIT TO ADD: This is a 30-year fixed mortgage. +2nd EDIT: The rate does not require buying any points. +Like many fellow apes, I hated my job. I had been looking for a new one for a couple of years, but never found anything that sounded better than what I had. On Monday of this week I checked my favorite stock to see if I could give my two weeks notice yet. Unfortunately, it was not time yet. As the week went by, I had an epiphany. After 4.5 years at my current employer, I have a 401K with almost $90K in it. Back in January I tried to find a way to get it invested in GME, but the employer-sponsored plan only offered their set list of approved funds. I did have a $60K rollover that I was able to move out of my 401K and into a brokerage IRA that netted me about 300 shares. On Wednesday, I decided to quit my job in order to have access to rolling the rest of my 401K into my brokerage IRA. I have emergency savings and I can find another job pretty quickly, even if it's not the one I want. I was going to give a two week notice, but my boss declined as they already had someone in mind to take my role (perhaps I wasn't going to be there much longer, regardless). The good news is that Vanguard is quick. I made the request on Thursday to roll the funds over and it's already been processed. It will be in my account on Monday morning. Aside from my emergency fund, I guess I can now say that I am all in. +https://www.reuters.com/article/us-china-economy-yuan-exclusive/exclusive-guarding-stability-china-likely-to-slow-yuans-slide-to-7-per-dollar-sources-idUSKCN1N0167 + +https://www.cnbc.com/2018/10/26/first-read-on-us-q3-2018-gross-domestic-product.html +In a recent video, Cathie goes back in time to the end of 2016 - Early 2017. + +Quantitative easing was on its way out and the FED was going to start raising the interest rates. The market was very nervous... + +Trump won the election and the odds of a cyclical burst increased because of his promise to cut taxes and that's exactly what happened! + +In the beginning the equity market was very nervous around the idea that interest rates would be going up. When Trump was elected - value stock took off just like they're getting off now - responding to this idea that economy is developing ahead of steam so the value stocks have taken off. + +If you look at year to date: energy stocks are up 27%, financial stocks 11%, tech stock 1% and health stocks are actually down. So basically traditional value stocks are having a nice run! So right now we are in a 2016 like scenario, value stocks are up and growth strategy stocks are down (Take ARK ETFs as a perfect example) + +Cathie thinks this is great because the bull market is broadening out to other sectors and this - can only be a good thing for "disruptive innovation" stocks investors. + +What would be negative instead? It would be a negative thing if the bull market continues to narrow and only innovation strategy worked, because that's what happened with the .com tech bubble in 2000. (And we all know how bad the consequences have been). + +Cathie actually likes the fear that ARK is experiencing and that there's a reality check, in terms of the speculative moves that have taken place within the innovation space. + +What happened post Q4 2016 after the market had broadened out? Well… 2017 was a fantastic year for the equity market in general with cyclical value and growth.  And she believes we're now moving towards a similar scenario. + +Now let's find out what Cathie's said on Bitcoin being speculative, not sustainable, not environment friendly and heavily used for illicit activities. With a lot of respect Cathie says that Janet Yellen doesn't understand the crypto space, simply because it's not her main focus. + +Regarding the environmental issue: comparing the energy required for BTC mining to the energy required to mine gold you can clearly see that the first is a fraction of the latter. It's an infamous comparison in favor of BTC. Further think about the energy consumption for a bitcoin transaction to the ones of the traditional financial banking system. It's a fraction and the comparison is again ridiculous in favor of BTC.  + +She also reports what an FBI agent told her. According to him BTC is the best thing that happened to the FBI, because they've tons of cryptographers who are able to break codes and figure out illicit activities and they've been able to track and arrest many criminals following the transactions to their wallets. BTC blockchain is so transparent based on IP tracking and IP pattern recognition, that it becomes a useful tool against crime. + +Talking about BTC she admits it is speculative, but we can see trillions of dollars in use cases. So it's very important to be supportive of those who are evolving this ecosystem and think about ways to help the community (such as developers) to secure the blockchain tech. Regarding the time of 10 minutes for a transaction… it could seem a lot compared to smart contracts based blockchains but you have to consider that it is a compromise because of the higher security of Bitcoin. And the high fees for a single transaction are nothing if you compare them with the ones of the traditional banking system. + +Cathie makes few considerations on inflation and that the monetary policy ease throughout the world, is going to ignite inflation. ARK thinks there are 2 major deflationary forces evolving in the global economy and that these are going to be in a duelling match with each other. Good vs bad deflation. Good deflation has to do with technologically enabled innovation. It's deflationary by nature, it rides down cost curves and production times.So the industry gains efficiency and productivity at the same time. + +* Take as an example the Electric Vehicle space. ARK analysts found out that deflation rate is 28% for every cumulative doubling in the number of units produced. We're at 2.2M units EVS right now and it's not going take long to double these numbers. +* In DNA sequencing space it's a 40% for every cumulative doubling and we're at a very low base there as well. But those low bases are going to move up pretty quickly. And according to ARK forecasts… EVs sales will move from 2.2M to 40M (almost a 20x increase) in the next 5 years. And sales will only begin to impact economic statistics as they scale in the next few years. + +Concluding with Cathie's warning about what she defines as disruptive innovation.She says that it is going to cause creative destruction in the traditional world order: + +* Robotics +* AI +* Blockchain +* DNA sequencing + +And these are going to converge: autonomous vehicle are going to be robots, energy storage will be electric and AI will be everywhere.It's a combinatorial, multiplicative, compounding effect. Think about these as if they were waves crashing in the ocean and think about companies as ships navigating. There will be some ships that get elevated but others that go dip. The energy liberated in the crashes/convergence will be revolutionary at the base of the entire world and this is what she defines the powerful good deflationary forces. So when combined they produce a movement forward. + +On the other hand the bad deflationary forces are associated to what just mentioned. The disintermediation and the disruption to the traditional world order is going to put lot of companies at risk. Companies that were thinking that nothing would ever change. Financial services, internal combustion engine automobile, rails and all the suppliers around. Ray Dalio, Jeff Gundlach and Howard Marks have warned many times the investors on this bad deflation. + +So we can conclude that these 2 forces will be very powerful and will have huge effects in the next few years. + +Note: I’m not a financial advisor +This is just getting started, but I hope it evolves into a good resource for people who don't have a lot going on to find ways to move up in the world! +It makes me wonder if people voted right? Or will they ever vote right? + +The only thingS that the government promises is better infrastructure, better prices for goods and commodities and services(never happens). Sorry to say, but religion has always been a major factor of electing representatives. With the government focusing on such trivial matters, how do we even expect them to understand Cryptocurrency and make right decisions. + +It's funny, how for months they said they wouldn't ban Crypto, and all these Exchanges advertised Crypto like there's no tomorrow, how the government first gave us hope, and when millions of people dipped their toes into crypto, the Government does half a Rugpull and everything goes into chaos. + +I'll probably move out of the country if this shit goes on. Y'all can consider yourselves lucky if your leaders are even a little smarter and devoted to development compared to ours. + +Fuck. I never thought I'd get Rugpulled +Not sure of the best way to convey this, so please excuse the abstract nature of this post + +I know that everyone ALREADY KNOWS THIS. Just want to reiterate what I see as SHFs' Last Hail Mary + +****************************** + +We are getting closer to MOASS. Just before MOASS and during MOASS we are going to see FUD of unimaginable levels and from unimaginable sources. Reddit accounts can be hacked. People can be compromised. The 'heroes' among the DD writers are the ones SHFs will target + +************************************************************** + +The BIGGEST PLAY of SHF once MOASS hits, is to try and convince GME shareholders and Superstonk that the WAR is won at the beginning stages of MOASS + +************************************************************************* + +Large Short Hedge Funds such as Citadel and Susquehanna have one final Hail Mary that they will try + +When GME share price goes to $1,000, that will wipe out all the small Short Hedge Funds, small Family Offices, and BetsIdiots who have puts on GME + +This is, however, an INFLECTION POINT + +If SHFs can spread the narrative and convince Apes - $1,000 means war is won + +and people start selling shares from Computer Share, SHFs will have a chance to survive. We already know they are surviving margin calls which they should not - Citadel has $95 billion in shares sold and not yet bought. Notional Exposure of $465 billion. With only $5 billion capital. That should not be possible in any non-corrupt market + +The War should already be over. But it is not. Please remember this at the beginning of MOASS when people claim - share price is $1,000 and now there is no way SHF can escape + +********************** + +There are so many delays, a lot of the bags are held by banks, and the system is complicit + + +Even high prices such as $1,000 and $3,000 are not a GUARANTEE that the big SHFs are wiped out + +SEE IT WITH YOUR OWN EYES, do not believe ANYONE + +************************************************************** + +Inflection Point can go one of two ways + +Path 1: A significant number of people with Computershare believe the SHF Dogs and Big Sleeper Agents of SHFs and think - no way SHFs can survive $1,000 a share + +They start selling. Yes, not everyone is diamond handed and after waiting so long there will be some who sell. IF we let the narrative spread that War is won people WILL start selling + +this gives those shares to the remaining largest SHF. And those largest SHF have a chance to survive. Only the big ones will get this chance to survive. However, they will get a chance to survive + +$1,000 is not the price at which the BIG SHFs die + +************************************************************* + +OR (hopefully this one is the path that GME shareholders choose) + +Path 2: Price hits $1,000 and Everyone is chill. NO ONE sells Computer Share shares + +Price keeps going higher. Even large SHFs get wiped out + +I don't know what this price is. In fact, no one knows. So better to be safe and hold for very high prices and ENSURE that 100% all the large Short Hedge Funds and large top billionaire Family Offices are wiped out + +***************************************************************************** + +What will be the biggest proof of this last Hail Mary + +when some of the most trusted DD writers, and some of the most trusted Options Gang members and some of the most trusted TA writers all start saying - $1,000 means War is won + +Please think very, very carefully - for options push in last few months they are only burning low level people who did not have much trust + +Do we really think they have not compromised any of the big DD writers? + +You bet they have. Why are they saving those ace of spade cards and not using them for Options Push? + +Because they are saved for the last Hail Mary + +when people you TRUST start proclaiming -> + +Now all SHFs are wiped out + +$1,000 is the point of no return + +THEN is the time to be careful + +Please Note: They will add their usual WEASEL PHRASES and disclaimers i.e. + +We are not saying you should sell, but if you really need the money, then it's fine to sell as price is $1,000/$3,000 now and SHFs are wiped out + +************************************************************** + +The main message will be + +War is Won + +It's fine to sell Computer share shares - will be the secondary message. If they are desperate, they will come out and say it + +*********** + +They will also say -> + +Doesn't matter whether you sell your few broker shares or sell from Computer share - now war is won and it's OK to sell. Now all shares are the same + +That would be the biggest sign +Hello Superstonk! + +Woke up to a burnt out usb hub... + +getting things together + +f you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/nz1x01/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157(previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market + +That was a long day of trading sideways I can't wait to do it again tomorrow see you then. + +https://preview.redd.it/oba59g0jdo671.png?width=689&format=png&auto=webp&s=2f5313ee40f1993f87fba861289c6380b91d5f32 + +\- Gherkinit + +Edit 7 3:17 + +We've switched to the one tick timescale in order to have more fun on no volume while we orbit 200 support/resistance. + +https://preview.redd.it/5rlmlv0f5o671.png?width=1622&format=png&auto=webp&s=ce697ea2a4831748d8e9b77cb57d7f3bafe694bf + +Edit 6 1:53 + +Another dip below 200 no volume on this probably more chop just want to keep you all up to date + +https://preview.redd.it/3kdzxwriqn671.png?width=1744&format=png&auto=webp&s=ee25fc4c7881ea137424221da003528dd29ba088 + +Edit 5 12:36 + +Failed test at VWAP. It will probably turn around and re-test + +https://preview.redd.it/gnauhgqocn671.png?width=1736&format=png&auto=webp&s=886915b3f236e74315d31e0153866a0f6983934a + +Edit 4 11:58 + +Dipped a little below 200 still trending down on no volume maybe a continuation of the pattern last week down all day then up a bit in power hour + +https://preview.redd.it/zgwmkbtt5n671.png?width=1733&format=png&auto=webp&s=4cc94f91dad9e401b36fd7d3b9ab6565e1b97538 + +Edit 3 10:56 + +Some sell volume came in driving us down to $200 institutional shuffling or shorting hard to say. Matt Furlong now officially CEO. + +https://preview.redd.it/ttqhqwayum671.png?width=1717&format=png&auto=webp&s=b012138265f0216c59e88e622d51369f09206afa + +Edit 2 10:38 + +Low volume. Dipped below the 212.50 trading sideways above 205 we could dip more possibly down to 200. + +https://preview.redd.it/blxy9b1lrm671.png?width=1735&format=png&auto=webp&s=79824835671300619c1ccc908fdab7a7d1071594 + +Edit 1 9:49 + +Dip down to the 212.50 resistance if we don't hold we could dip further I think 200 will be pretty strong but if the market comes down hoard we could get dragged a bit + +https://preview.redd.it/l84nlhmuim671.png?width=1718&format=png&auto=webp&s=f3ceec68f79a51e11e6e9ee1dc887985a5768217 + +# Pre-Market Analysis + +50k volume 35k shares available up to $217 but mostly flat probably not a big dip at open but also maybe a fill back to 222.50 + +https://preview.redd.it/e3w1st7dcm671.png?width=1392&format=png&auto=webp&s=c6f0442b778f2ea817bad4ba44217c5aaf91c5d2 + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Well there you go, money can’t buy you love but it can buy you friends in one of the most powerful places…..the US Senate. + +Here is how you reach Sen. Toomey + +https://www.toomey.senate.gov/contact/email-senator-toomey + +Senator Toomey, it has been publicized that your new bill intends to prevent the SEC from banning Payment For Order Flow (PFOF). This particular method of capturing business primarily used by market makers such as Citadel and Virtu are a means to manipulate the market and make it less free and fair for small retail investors who make up the majority of your constituents. I sincerely hope you will reconsider your stance on this matter. + +Respectfully, + +Your name +Edit: **I've been threatened with legal action.** + +Edit: **SO THEY REACTED AFTER I MADE THIS POST, AND GAVE ME MY MONEY BACK.** So you know how to treat such companies in the future. + +Long story short: their debit cards are disfunctional, but they are taking orders. Waiting for mine almost 6 months now, also you can't do nothing with USD credit on your account. Read the details below: + +*June 19th:* Joined Paycent platform and ordered Mastercard debit card. + +*June 20th:* I'm verified. **"Verification successful! You may now enjoy the features and functionalities of Paycent. If you have any concerns, e-mail us at hello@paycent.com. Thank you for trusting Paycent, where every sent matters! Sincerely, Your Paycent Team"** + +*July 19th:* Mastercard received but it's not functioning - can't assign PIN through mobile application. Mastercard NOT ACTIVATED, not matter they said they are about to activate it. Same day, they requested my passport again, no matter I'm already verified. **"We are about to activate your Paycent Solitaire Card, in order for us to do so, kindly note as per our records, your: · Passport should be a whole document. Please send the document to us as soon as possible by attaching it on your email response, so that we can get your card activated by our bank. Thank you in advance for your prompt action. Sincerely, Your Paycent Team"** + +*August 3th:* They requested my proof of address again no matter I was already verified, I supplied it. + +*August 25:* They suggested, and I accepted they replace Mastercard with UPayInternational (UPI) debit card. To this day (Nov 8), I did not receive it. **"Your card order is now updated and changed to UPI. Please wait for the bank to complete their verification process and activate the card. I trust I've explained everything clearly. Please let us know if you need any more information. Kind regards, Liam B. Customer Experience Team"** + +*September 10th:* They said they will activate UPI virtual card - not activated to this day. **"Thank you for letting us know about your recent experience with Paycent. I apologize if our service did not meet your expectations, and I appreciate you taking time to share your concerns. For the delivery of UPI, we actually rely on our partner bank as they are the one’s who distributes the card that we ship. Please note that we deliver the cards by batches. Since I have checked that your document is okay, I will make a follow up for them to speed up the activation of your virtual card so you can at least use the card for online transactions. Thank you for being patient on the matter. For additional questions, please do not hesitate to respond on this email. Sincerely, Jen S. Customer Experience Team"** + +I made a huge mistake exchanging 10 ETH on their platform which are essentially inaccessible now. Can't spend them, can't convert them back to crypto. + +*October 25th:* They offered China UPay card. I rejected it, and said I want my money back (card issuance fee + USD worth 10 ETH I have in my account. They requested my BTC address, I gave it the same day. I still received nothing. + +*November 1st:* They said they will give my BTC back in 5 working days. Those days passed - nothing happened, they still owe me my money: **"I have raised your concern to our Finance Team for immediate handling and was advised that the full refund will be processed within 5 working days. Kindly note Saturday & Sunday are non-working days in order to set your expectations right. Rest assured that we are taking immediate actions on your concern. Thank you for understanding. Sincerily, Jansen M. Customer Experience Team"** + +Make your own conclusions. From my perspective, it's at least selective scamming tactics of prolonging and lying. And now I'm left only with my time and will to let everyone know. You will find this post everywhere. Thanks! +As most of us have seen, as of lately, there’s been a lot of talk about the shit ton of puts that are set to expire on 1/20/2023. My question as a smooth brain investor is what is the significance of this coming event? As I understand it, the DOOMPs might possibly be connected to total return swaps (which I still hardly know anything about). So if the puts do expire worthless, and theyre supposedly tied to these swaps, what would that mean for whatever entities holding said shit bags (whether thats the puts or the swaps)? + +Please know that this is not meant to be any kind FUD. I would just like to become a bit more knowledgeable and hopefully get my tits jacked in the process. So until I understand what might come of this I cant allow myself to get hype just yet. +The principles and concepts of FI/RE don't change because of nationality, but access to investments and securities do change. + +&#x200B; + +For those living in Mexico, what is your alternative to investing in a Roth IRA, HSA, or another form of investment that will build at least 4% interest over time? Are there subscribers living in this sub pursuing FI/RE from Mexico, without the ability to invest in the US? +So to start this off ill set a scene for you, last week I was out to dinner with my parents and the parents of a close friend of mine and the basis behind my question, their daughter (Age 7-9?). + +Her parents make out well, they have a nice house, 3 cars and travel often. During our dinner me applying for a loan was brought up by my father, an embarrassing moment for myself as I was denied but it did bring up an interesting topic. + +From what I understand the girls father has had a credit card in his daughters name since she was 2 years old. He claims to use it for gas and coffee in the aims of having her start off with years of perfect credit. + +Im single myself and im a long way off from a child but the idea of this just really caught me off guard, is this a common thing and how can any credit card company sign a card over to a two year old? Surely he will have to be caught at some point, and Im sure there has to be some legal ramifications for this. + +I have been wanting to mention it to my aforementioned friend but it seems impolite, however I came across this page while searching for a new loan I can apply to for schooling and it seemed like a great place to finally discuss this with people, looking forward to the responses. + + + +Governments have always known exactly what they are doing by the early reclassification of Cryptocurrencies to nothing but Cryptoassets. + +A move to protect idea that in Bitcoin should be anyway considered a rival to the Dollar, Euro, Pound etc and disadvantage it with taxation. + +No matter what side of a fork you sit on I'm sure everyone would agree, Satoshi's end game was not to create a digital asset... it was to create a p2p electronic cash system. + +Can never forget or stop fighting for that cause. +Before everyone gives me the “don’t buy an apartment” speech hear me out: +- 24M: I currently rent a 1 bedroom for $1690 a month by rentvesting, within 3km of Melb CBD. My rent will likely be going up 10% due to a cheap Covid rate that I’m paying +- I plan on living in an apartment alone for at least the next 10 years (no interest in leaving CBD area for work and lifestyle reasons) +- I live very minimally: living close to work saves me $200+ a week in transport costs + +Currently I can buy a modest apartment for 330-350k and I have a 20% deposit. + +I did the maths and to own a place this is what I will be paying: +- Repayments: $1280 pcm 4.5% interest rate +- Body Corp: $300 pcm +- Water and Council Rates: $140 pcm +- Total: $1720 pcm + +The question here is: is it worth continuing renting or purchase a place that’s mine to live for the next 10 years and a potential future rental property? Is renting for 10 years and having nothing to show for it a complete waste? + +Side note - I hate the feeling of not being in control of my home and don’t like the idea of having a landlord. + +EDIT: My reference to rentvesting - I own a property in the suburbs that covers my current rent +Sonasoft Corporation ($SSFT) is currently trading at $0.20 and could get up to $8-$15 by the end of the year. + +Sonasoft has 8-K agreements with $FIS +(12.5 Billion In Sales) + $GOOG (171 Billion In Sales) + Sonasoft’s closest competitor is Data Robot according to Sonasoft’s last earnings report. Data Robot is valued at a $2.7 Billion Market Cap. 45x Sonasofts which is valued at $59.8M + +Comparasion to another AI company: +AITX - $260,768 Revenue ($339M Market Cap) +SSFT - $13,328,025 Revenue ($76M Market Cap) + +Example of Sonasoft’s Superior AI Solution, they saved the Deleware Electric Co-Op $1.3 Million in a test program for their “Beat The Peak” Program. + +Conclusion: This will be a great play for Monday possible 25%-50% play but this could be a 5x-10x runner within a month or a 10x-50x runner within a year. Don’t trust me do your own DD but comment what you guys think. +I’m about £1500 in debt currently, haven’t worked since February and have been living off savings. I’m about to run out of money and my rent is due in 3 weeks. + +I started stripping at 18 to get away from my abusive home life but unfortunately It’s not an option anymore as I can’t do it sober. The job was destroying my health. + +I’m now 20, with no actual work experience, living in an area that’s unsafe for me and I have no one to rely on. Parents can’t help me and neither can other family members, friends aren’t in any position to help either. + +**I’m just adding this backstory in for context. Scroll past for the point** I can’t do a normal job due to relatives being involved with the wrong people, I’m guilty by association. Meaning I don’t want anyone affiliated with said gangs or whatever seeing me and hurting me. I still live very close to them and don’t want them to find out where I live. I could do stripping and be safe to go out as it was nights and I could pay for taxis there and back, the money was okay but I didn’t anticipate that I would stop. Because of this, I wasn’t as frugal as I should have been. I’m really kicking myself for it. + +I don’t think I would make enough to pay for taxis all the time on a normal wage. I don’t even feel safe sleeping at night, if I need to go to the shop I walk around with my hood up and a scarf over my face. It’s getting to summer so i won’t even be able to do that for much longer without baking or looking obvious. I can’t call the police as they won’t be able to do anything. + + +**Anyway to the point** + +I desperately need to move and want a job. It’ll be okay if I’m somewhere safe where I can sleep at night. But I can’t afford a deposit, first months rent or anything. I did have it saved and was almost ready to find somewhere, but my pet died and the vet bills depleted my savings by a big chunk. + +I don’t know if I can get benefits as I’m registered as self employed from stripping. + +I’m just so stuck. I desperately want a job and as hard as I can I just need to feel safe in my own home. + + +I just want to be clear I am in no way shape or form asking for a handout in case that’s how this comes across, I just want financial advice, suggestions or even some tough love haha. + +I just need any suggestions or advice. +Does anyone know of any numbers or resources out there that could help me? Is there any way I can make money at home? +Any advice on how to get out of this situation would be great, or even just similar stories that ended well for encouragement. Thank you. + +**TL:DR** +£200 left, no money and no job. Need money to move for safety. If anyone knows of any resources out there, advice or anything that could help it would be much appreciated. + +**EDIT **: Its getting late here and I can’t keep my eyes open much longer, I will make sure to get back to everyone first thing tomorrow. +This happened the day after my bday. I had a text from USAA claiming there were fraudulent charges in California from my debit card. This isn't the first time my information was compromised. A number that popped up as USAA called me asking me if I wanted to dispute these charges, so I agreed. It never occurred to me this wasn't USAA. They had the scripts, they used the right words to lull me into safety. The next day they did a follow up call about my debit card. The previous scammer told me they would be shipping out a new debit card for me, this other follow up person was confirming if the card had gotten to me (there never was a new card, this was part of the scam.) They asked for various information about my account, even sent one time text codes as USAA would've. + +By the next day they cleaned out my savings and checking. Sending it to various banks and withdrawing them. Even had time to go to a restaurant and order drinks with it. I called USAA to do some damage control, they reset my security info, and I may have to call Social Security as well. but I'm afraid I'll never see that money again. At least, thats what my anxiety is telling me. That was all of savings. It wasn't much, but I was on the verge of using it to start a new life for me and my family. + +Ultimately they said they would do an investigation that would last for about 3 business days and to call them on Wednesday. I'm heartbroken and I feel so insecure and invaded right now. + +EDIT: Thank you for all of your responses. This has been a hard lesson, one that will mot be soon forgotten. I WILL be filing a police report as some people have suggested. And I do hope this will be a cautionary tale for others like me. Thank you all so much. I will update what the bank does once I've had some closure on the matter. + +FOLLOW UP: https://www.reddit.com/r/personalfinance/comments/u7fctc/follow_up_to_i_fell_for_scammers_posing_as_my/?utm_medium=android_app&utm_source=share +Facebook: $6,000 + +Google: $9,000 + +Netflix: $26,000 + +Amazon: $29,000 + +Tesla: $215,000 + +Bitcoin: $663,000,000 + +Let that sink in. + +Even though these are crazy numbers, most people still think that bitcoin and other cryptocurrencies are a scam. Whenever there’s a drop on the stock market, it’s obviously a healthy correction, but when the same happens to crypto, it is definitely going to zero, it’s fake money, a fraud, etc. + +Keep hodling, my friends! 🚀 +Hi guys I’m reading through Mark Minervini book and he mentioned once your profit has double your initial risk at 15% profit (-7% stop loss) you should start to move your stop loss to your original buy point so it becomes an either neutral or profitable trade. + +After more profits Mark would use a trailing stop loss to closely monitor the price and exit in a favorable position with his profit in tact. This is the part where I’m confused. I understand that trailing stop loss follows price increases and stops when price decreases. So what would my stop loss be if I have 20,30,40% profit? + +Right now one of my trade has a 20% profit. I set the stop loss at break even + 5%. Giving the trade a 15% wiggle room, is this too much room? The stock exchange I use has a 7% limit fluctuations for every stock meaning it cannot go below 7% any given day. + +Thanks for your input! +Part 2 of my "I read investopedia, but still confused about this..." series: Apart from diversification, what's the benefit of bond ETFs? I thought the whole point of buying bonds is that they are NOT a stock, pay interest rate and are safer in case of bankrupcies. But ETFs trade as stocks, so doesn't that just go against the point? Do they pay a dividend that reflects the overall interest or how is it paid? Is the price as volatile as other, stock-ETFs? + +Please illuminate this investing scrub. +The history of financial markets tells us that these good times won’t last forever. Eventually, a significant correction will come along to rain on the parade. + +That said, I believe select sectors of the market – like 5G stocks and battery metals plays – will continue to zigzag higher amid the volatility. + +Given the robust travel recovery I’m anticipating later this year, I’m recommending a great company in the sector: + +**Sabre Corp. (SABR)**, a technology leader in the travel industry, is one of the travel industry’s “Big 3” global distributions systems (GDS). + +**Amadeus IT Group SA (AMADY)** and the privately held Travelport are the other two. Together, these three companies make up 97% of all travel bookings worldwide. + +Spain-based Amadeus is the largest of the three. It processes about 40% of travel bookings worldwide. Texas-based Sabre is No. 2, with a 35% market share. Travelport is No.3, with a 22% market share. + +**More than 400 airlines and 1 million hotels use the Sabre system to process travel bookings.** Every major travel website also uses Sabre. The company’s client list is a “who’s who” of the travel industry: + +* **Booking Holdings Inc. (BKNG):** Kayak, Agoda, Priceline, CheapFlights, Momondo, OpenTable, RentalCars +* **Expedia Group Inc. (EXPE):** Orbitz, Travelocity, [Hotels.com](http://hotels.com/), [TripAdvisor.com](http://tripadvisor.com/), [SeatGuru.com](http://seatguru.com/), [Cheaptickets.com](http://cheaptickets.com/) +* **Alphabet Inc. (GOOG)** +* **Hilton Worldwide Holdings Inc. (HLT)** +* **Marriot International (MAR)** +* **Hyatt Hotels Corp. (H)** + +In all, Sabre’s system processes 2.5 million bookings every minute. + +Sabre generates its revenues from the volume of transactions it processes, not the dollar value of those transactions. So when travel activity increases, Sabre’s revenues also increase. The connection between the two is very close and predictable. + +Therefore, when the COVID pandemic torpedoed travel activity, Sabre’s revenues tumbled. The company’s second-quarter revenues collapsed more than 90% year-over-year. + +Not surprisingly, Sabre’s share price also collapsed. + +But that vicious cycle is becoming a virtuous cycle of rising travel activity… and rising Sabre revenues. From the second quarter to the third quarter, revenues more than tripled. + +And this favorable trend is certain to continue strengthening in 2021. + +There’s no mystery here. As the pandemic recedes, travel activity will increase… and Sabre’s revenues will climb. The share price should follow. + +Once travel activity recovers to pre-COVID levels, Sabre’s share price could easily double from current levels. + +But the company has not been simply sitting on its hands during the last 10 months, waiting for the inevitable recovery. Instead, it has taken decisive steps to fortify its competitive moat. + +Specifically, it has collaborated with Google to migrate its IT infrastructure to Google Cloud. Sabre followed up that initiative by partnering with Google last fall to develop an artificial intelligence (AI)-driven technology platform that is an industry-first. + +As Sabre explains: + +>*The technology, known as Sabre Travel AI, is infused with Google’s state-of-the-art AI technology and advanced machine-learning capabilities that will help its travel-industry customers to deliver highly relevant and personalized content more quickly.* + +Sundar Narasimhan, president of Sabre Labs, further explains: + +>*Sabre Travel AI is a game-changer. We are proud to be working with Google to build technologies that will seek to re-define the way travel companies do business, and turn the insights derived from analyses into repeatable, scalable operations…With the creation of Sabre Travel AI, we are rebuilding our platform on cloud-native, data-driven technology that can be integrated into the existing and future products that Sabre offers. We are combining Google Cloud’s infrastructure, AI and machine-learning capabilities with Sabre’s deep travel domain knowledge to create, not next, but third-generation solutions that we believe are smarter, faster and more cost-effective – a first-of-its-kind in travel.* + +The company expects to integrate Sabre Travel AI into certain products in its existing portfolio and begin rolling them out into the market over the next few months. + +From an earnings perspective, the Wall Street community expects Sabre to generate about $300 million in gross earnings (EBITDA) next year, and then ramp up to more than $600 million in 2022. + +If the company hits those targets, the stock would be trading for 12 times 2021 EBITDA and six times 2022 EBITDA. + +But I expect earnings to ramp up more quickly than that. I also expect the company’s technology and AI investments to amplify the company’s recovery and growth trajectory over the next couple of years. + +$1 billion of EBITDA by 2023 is feasible. + +One word of caution: The company’s balance sheet isn’t bulletproof. It has “B-rated” credit, which puts Sabre deep into junk territory. + +That said, only $500 million of the company’s $5.6 billion in debt outstanding comes due over the next two years. Offsetting that near-term obligation, Sabre is sitting on more than $1.5 billion in cash. + +In other words, it possesses ample liquidity to ride out the rest of the COVID storm… unless the storm rages anew and lasts well into 2022. + +**Bottom line:** I consider Sabre to be an excellent speculation on recovering travel. To make this play, I’m recommending a one-year call option on the stock. + +**tl;dr:** **Sabre Corp. (SABR)**, is a tech leader in the travel industry. **More than 400 airlines and 1 million hotels use the Sabre system to process travel bookings.** Sabre generates its revenues from the volume of transactions it processes, not the dollar value of those transactions. So when travel activity increases, Sabre’s revenues also increase and the share price should follow. It is also using AI to become more efficient and thus more profitable. + +*Buy the* ***Sabre Corp. (SABR) January 2022 $12 call options*** *for $3.60 or less. The current offer price is $3.30.* + +I am not a financial advisor. Do your own due diligence. +If you hadn't seen my previous post about Binance and its child company CoinMarketCap misleading users about PoR, a quick tl;dr: Binance, indirectly through CoinMarketCap, was misleading users about Binance having provided PoR, when in fact, it had only publicly disclosed wallets in its control. + +Soon after my original post, Binance "released" its "Proof of Reserves" system. Unfortunately, once again, Binance is misleading users about having produced full proof of its reserves. + +*As a quick disclaimer, Binance has not provided full Proof of Reserves. My post here is meant to show the efforts Binance is taking to portray itself as having done so when, in fact, it has not. This is not a post claiming that Binance doesn't have reserves to match user liabilities. There's no way to know because Binance has not provided sound proof.* + +# What is Proof of Reserves (PoR)? + +Let's first establish what PoR is. There isn't one standard definition for PoR, but there is a right and wrong way. Nic Carter, a blockchain expert, has covered this topic in-depth for several years, so I'll reference info from [his website](https://niccarter.info/proof-of-reserves/): + +>Proof of Reserves is the idea that custodial businesses holding cryptocurrency should create public facing attestations as to their reserves, matched up with a proof of user balances (liabilities). The equation is simple (in theory): +> +>Proof of Reserves + Proof of Liability = Proof of Solvency + +So what is the recommended way to conduct PoR? + +>Proving liabilities is tricky, and generally requires an auditor to engage in a full assessment. For instance, **exchanges can omit certain liabilities to ‘cheat’ a PoR attestation**. This is why I recommend both a user-facing PoR protocol, allowing users to obtain ‘herd immunity’ by collectively verifying their individual balances, and an **auditor-facing PoR protocol, to prove that the claimed liabilities are faithful to reality.** + +&#x200B; + +# Binance "releases" its "Proof of Reserves" system + +So, yesterday, Binance [announced](https://www.binance.com/en/support/announcement/binance-releases-proof-of-reserves-system-0c7a786cbe8c4e108f3301385ab61e39) the launch of a feature that allows users to "verify" that their deposited cryptocurrency has been included in an "audit." The problem is that there has been no public disclosure of a third-party audit of Binance's liabilities to users as of writing this post. + +&#x200B; + +[Snippet from the announcement](https://preview.redd.it/0gjfow3rg82a1.png?width=379&format=png&auto=webp&s=0a1dd579e35356a7ac6db904d5aed1c93b2b0651) + +# Binance is misleading users. Again. + +The announcement directs users to Binance's [Proof of Reserves landing page](https://www.binance.com/en/proof-of-reserves). This is where the misleading info really comes to light. + +>In order to show that Binance has all user assets 1:1, we have built and implemented the Merkle tree (shown below) to allow people to verify their assets within the platform... +> +>This way people will be able to confirm that their funds are held 1:1 and they can have it **verified by a third-party audit agency**... +> +>We use these properties of Merkle Trees during our Proof of Reserves assessments **to verify individual user accounts are included within the liabilities report inspected by the auditor**... +> +> The Record ID enables you to independently verify that **your account balance was included by the third-party auditor**... + +&#x200B; + +[Snippet from the UI example on Binance PoR landing page](https://preview.redd.it/piax5m2ii82a1.png?width=1020&format=png&auto=webp&s=6cae23edf9a7ba7b78d5bbeffa8b09336bd2cfbf) + +Where is the liabilities report inspected by an auditor? Who is the auditor? We don't know because Binance hasn't done any of this yet. Binance has announced plans for third-party audited reserves but has yet to produce anything from an external auditor. So yes, they may very well do this at some point, but they haven't yet. So why are they portraying that they have? + +Well, at least, *all* the way at the bottom, below *all* the instructions and info about the new feature: + +&#x200B; + +[Snippet from the Binance PoR landing page](https://preview.redd.it/vp9ob98xj82a1.png?width=490&format=png&auto=webp&s=9055a8b297a794555037f37300ffd6494c1fc545) + +# As it stands + +Binance has not produced the very form of PoR that it is branding in the new feature, meaning they haven't disclosed any report or data from a third-party auditor that would prove that the claimed liabilities are faithful to reality. + +&#x200B; + +# At least this time, not all media ate it up... + +While I was writing this post, CoinTelegraph.com dropped [this article](https://cointelegraph.com/news/binance-proof-of-reserves-is-pointless-without-liabilities-kraken-ceo) covering Jesse Powell's (Kraken co-founder) criticisms of Binance and its misleading PoR branding. Jesse calling out Binance is not surprising, considering Binance is also misleading users about the origin of "its" PoR implementation (which it hasn't even implemented yet). + +&#x200B; + +[Snippet from the Binance PoR landing page](https://preview.redd.it/5pc72bmkl82a1.png?width=1236&format=png&auto=webp&s=9a5f75d73029628fb6d8a8f7df4b35960b7e45bb) + +For context, [Gate.io](https://proof-of-reserves.trustexplorer.io/clients/gate.io/gate-dataset-628806) (in 2020) followed by [Kraken](https://proof-of-reserves.trustexplorer.io/clients/kraken/kraken-dataset-716598) (in 2021) were the original exchanges to implement a PoR model that Binance is now claiming to have "built". Also, Binance didn't *build* anything other than a UI for this already open-source PoR method. Moreover, before any third-party auditors were available or capable of doing such audits, Kraken was doing PoR all the way [back in 2014](https://www.coindesk.com/markets/2014/03/24/kraken-bitcoin-exchange-passes-proof-of-reserves-cryptographic-audit/) (minus the third-party audit, opting for an attestation from Stefan Thomas). + +&#x200B; + +# Final note + +Something I hadn't highlighted in my last post is that even Nic Carter called out CoinMarketCap, and indirectly, Binance, for this user-misleading behavior. + +>Recently, some exchanges have begun to post informal attestations as to their reserves, for instance by sharing a list of cold wallet addresses. CoinMarketCap has even taken to [calling](https://twitter.com/CoinMarketCap/status/1594955634587611136) summary data on exchange holdings (see e.g. [Binance](https://coinmarketcap.com/exchanges/binance/)) ‘Proofs of Reserve’, even though these are issued without any proof of ownership. These attestations do not satisfy either side of the conventional PoR procedure: there is no cryptographic proof of assets held (merely disclosing an address is insufficient, as it could belong to anyone), and there is no accompanying proof of liabilities outstanding. **To call this a ‘Proof of Reserve’ is a blatant misuse of the term**. Users should demand the highest standard and should **be extremely wary of exchanges using PoR in marketing collateral without committing to the rigorous version of the practice** (see the caveats in the PoR wall of fame above). +I guess like many of you I saw the amazing post on the front page here on on cryptomoonshots yesterday. Here is the post in case you missed it: [https://www.reddit.com/r/CryptoMoonShots/comments/mkoo7k/this\_microcap\_gem\_has\_a\_market\_cap\_of\_8\_million/](https://www.reddit.com/r/CryptoMoonShots/comments/mkoo7k/this_microcap_gem_has_a_market_cap_of_8_million/) + +I aped in and bought some after seeing that post, and today I was pleasantly surprised to see I had gained 20% since yesterday. + +Anyway, I liked the idea of $OPEN so much that today I decided to start doing some of my own research into this coin. **Because although it sounded soooooo promising in that post yesterday many of us have learned that not everything that glimmer is gold!** + +**Anyway I'm now more convinced than I was yesterday that this is could be the investment of a lifetime for me!** + +Let me tell you what I found out today, (or maybe I was just too stupid to figure out yesterday and all of you guys already did?). + +**OpenDAO is creating a bank!** + +Not in the strict sense of the word maybe, but they are going to make as much if not MORE money than a bank does, AND ALL THAT MONEY WILL BE DIVIDED AMONG THE $OPEN token holders! That's crazy! + +**Most of us know that the reason banks make so much money is because** ***they have the power to CREATE MONEY*** **by giving out loans.** + +**That is exactly what $OPEN is going to do. Create money from nothing, and then lend it out with interest!** + +And guess who gets the interest? We do! + +How? + +**THEY ARE GOING TO PAY ALL OF US DIVIDENDS FROM THE PROFITS!** + +And the craziest thing of it all is that we get to vote and decide HOW MUCH dividents we are going to get! + +You know the big bosses on the board of directors in the banks, voting massive dividends and golden parachutes for each other? + +That's going to be us with $OPEN! + +Yesterday I invested after having seen that post because I saw great potential for the $OPEN token to go up a lot in price. + +It's hard not to think it will when you compare it with MakerDAO (the token that creates the $DAI stablecoin) and you realize that MakerDAO is worth $2.3 BILLION and the token costs $2,350. + +Then you compare it to OpenDAO with a tiny market cap and costs $2.20 and you realize that soon OpenDAO is likely going to be MORE valuable than MakerDAO because of what was explained in that post yesterday! + +So that's why I invested yesterday, **but today I learned something even MORE exciting that I guess I was too dumb to understand from the post yesterday?** + +**The Open Governance token is ALSO going to be paying dividends to us token holders!** + +These are the profits that the "bank" makes by creating money (almost from thin air) and then lending it out with interest. + +Anyway, I just got so excited by all that news and wanted to share it with anyone who invested in $OPEN yesterday like I did. + +Here is the video where I discovered all this. + +It's from the official OpenDAO channel and an interview with the lead architect , but for some reason it only has like 130 views so far (no wonder this is a true moonshot!). The sound is really bad and it's hard to understan, but the information is priceless! + +[https://youtu.be/hXJTIqWa-yI](https://youtu.be/hXJTIqWa-yI) + +See y'all on the moon! + +Oh, I almost forgot we are supposed to put links also, (I copied these from the post that made me buy $OPEN yesterday here: [https://www.reddit.com/r/CryptoMoonShots/comments/mkoo7k/this\_microcap\_gem\_has\_a\_market\_cap\_of\_8\_million/](https://www.reddit.com/r/CryptoMoonShots/comments/mkoo7k/this_microcap_gem_has_a_market_cap_of_8_million/)) + +>**LINKS** +> +>**Website:** [https://opendao.io/](https://opendao.io/) +> +>**Blog:** [https://medium.com/opendao](https://medium.com/opendao) +> +>**Twitter:** [https://twitter.com/opendaoprotocol](https://twitter.com/opendaoprotocol) +> +>**Coinmarketcap:** [https://coinmarketcap.com/currencies/open-governance-token/](https://coinmarketcap.com/currencies/open-governance-token/) +> +>**Coingecko:** [https://www.coingecko.com/en/coins/open-governance-token](https://www.coingecko.com/en/coins/open-governance-token) +> +>**Etherscan:** [https://etherscan.io/token/0x69e8b9528CABDA89fe846C67675B5D73d463a916](https://etherscan.io/token/0x69e8b9528CABDA89fe846C67675B5D73d463a916) +> +>**Buy $OPEN on Uniswap:** [https://app.uniswap.org/#/swap?exactField=input&exactAmount=10&outputCurrency=0x69e8b9528CABDA89fe846C67675B5D73d463a916](https://app.uniswap.org/#/swap?exactField=input&exactAmount=10&outputCurrency=0x69e8b9528CABDA89fe846C67675B5D73d463a916) +#0. Preface + +If you haven't seen it already, go ahead and check out /u/automatedcharterer's [post with the SEC's initial response to his FOIA request for the raw vote total numbers from earlier today.](https://www.reddit.com/r/Superstonk/comments/qwvy1i/foia_requests_to_the_sec_for_the_real_vote_total/) It's pretty interesting. + +When I started writing this, I was determined to prove that a FOIA request wouldn't cover this information, but I've fallen down the rabbit-hole and think that there's some reading between the lines that can be done here based on verbiage in the response that's consistent with the SEC's FOIA policy. + +If I'm right about this it goes a long, long way to proving that the shorts never covered AND that we own the float++. Not trying to overhype this, but I think we've stumbled onto something huge. So follow me down the rabbit-hole and join me in Wonderland, let's get weird. + +#1. What information "should" the SEC have? + +Let's start with the basics. FOIAs are for requesting documents held by the government. The shareholder vote was conducted by Gamestop (not the government) and tabulated by an independent inspector of elections (not the government). They then report the election results in an 8-K filing to the SEC [as tabulated by the independent inspector of elections.](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-preliminary-voting-results-annual-meeting) + +Oh, and that 8-K filing is also readily available on Gamestop's Investor Relations page. At no point is the raw vote total ever reported to the SEC under normal circumstances. If the raw vote total *was* reported to the SEC in a standard filing, we would already have access to it because all SEC filings can be viewed by anyone within their [EDGAR tool](https://www.sec.gov/edgar/browse/?CIK=1326380&owner=exclude). As far as the SEC is concerned, the vote total is already publicly available. So then why would these be "unusual circumstances" as stated in their response to the request? Only if the SEC is privy to information pertaining to the vote total that is not already publicly available AND they believe it would normally be subject to a FOIA request AND they have reason to believe it might be a record that falls under one of [nine FOIA exemptions or three additional exclusions that are specific to FOIA requests to the SEC](https://www.sec.gov/Article/foia-reference-guide.html#exclusions). + +Here's what the SEC's FOIA Reference Guide says about what's covered and what they'll release: + +>A FOIA request is required to obtain non-public records, such as records compiled in investigations, consumer complaints, and staff comment letters. We will release non-public records, unless the record is protected by one of nine FOIA exemptions. If we can reasonably segregate or delete exempt information from a requested record, we will release to you the rest of the record. In addition to FOIA exemptions, there are three special protection provisions, referred to as record "exclusions." The FOIA exclusions are reserved for certain specified circumstances. + +So because they've been unable to release the information, we can reasonably conclude that this information is non-public (i.e. furnished as part of an investigation), falls under one of those provisions, and was provided by Gamestop or the independent inspector since they're the only parties who would naturally have access to it. We know that Gamestop cooperated in the SEC's investigation, so it was almost definitely provided by them but which one of the two provided it is fairly immaterial. + +#2. "Consultation with one or more other offices..." + +Though "exemptions" and "exclusions" sound pretty much the same, they are treated very differently by the SEC, and that difference is why I believe we can narrow down the reason for this response to be due to a possible exclusion rather than an exemption. Essentially, if the SEC believes the information being requested falls under an exemption they'll just deny the request and move on since they're allowed to determine that internally. This would not take them any additional time. However, there is a special process in place for exclusions: + +>Under three exceptional circumstances, the SEC is authorized to treat records as not subject to the requirements of the FOIA. When the SEC applies an exclusion, the FOIA requester will receive a response indicating that the Office of FOIA Services was unable to locate or identify any responsive records. + +and + +>The SEC Office of FOIA Services will: (1) consult with the U.S. Department of Justice, Office of Information Policy (OIP) prior to using an exclusion to ensure that the exclusion is warranted and that exclusions are consistently applied, and (2) publicly report each year on the number of times, if any, that an exclusion was used. + +This is also the only place in the SEC's FOIA guide where consultation with other offices is mentioned and the verbiage used is eerily consistent with that which was used in the FOIA response. While this doesn't provide 100% confirmation of anything, I think the pieces fit together too well for it to be coincidence and it looks very likely that they're asking the DOJ whether using an exclusion is warranted in this case. + +So what does the picture look like so far? The SEC was given the raw vote total as part of an investigation, and that information is now maintained by the DOJ, which means the SEC found evidence of criminal wrongdoing in the course of their investigation and passed it off to the DOJ for prosecution. That seems pretty big already. + +#3. We Three Exclusions of Orient Are + +So let's look at what these exclusions actually are. There's one we can pretty much eliminate as being a factor right off the bat: + +>(c)(3) Exclusion: Where there are classified FBI records pertaining to foreign intelligence, counterintelligence or international terrorism records. + +Not particularly relevant: As accurate as it is to call this all "financial terrorism", it's unlikely the SEC views it this way. What's the next one? + +>(c)(2) Exclusion: Where there are informant records maintained by a criminal law enforcement agency and the individual's status as an informant is not known. + +Assuming Gamestop is the informant in this case, which is the most likely scenario as discussed above, it's already public knowledge that they were cooperating with the investigation, so this one is also likely out. Which leaves us with: + +>(c)(1) Exclusion: Where the subject of a criminal investigation or proceeding is unaware of the existence of records concerning a pending investigation and disclosure of such records would interfere with the investigation. + +Bingo. + +#4. Conclusion/TL;DR + +We've been putting it together piece by piece, but now it looks like the whole picture has come into perspective: + +Gamestop handed over the raw vote data to the SEC as part of their regulatory investigation, found evidence of criminal wrongdoing and handed the investigation over to the DOJ who currently maintains the record as a material piece of evidence in that investigation. And whomever they're investigating (*cough* Kenny *cough*) is not aware of the existence of this evidence. + +Logically it would only be material evidence in a criminal case if the vote total is greater than the total number of shares outstanding, which would prove that illegal naked shorting occurred on Gamestop. If we accept that the vote total in JUNE was greater than the number of shares outstanding, it also effectively confirms that we own the float and then some and that shorts hadn't closed their positions at that point. Boom. + +**I do want to emphasize that this is all circumstantial and doesn't prove anything** but it does all fit together pretty damn well. What's more, the SEC has basically already given us the roadmap to confirm my thesis above. If /u/automatedcharterer receives a response "indicating that the Office of FOIA Services was unable to locate or identify any responsive records", we know they used an exclusion which would basically prove this entire thesis. Until then, I'll be anxiously waiting to see what verbiage they use to close his request. + +Thank you for coming to my TED talk. Never forget that hedgies r fuk. + +Edit: As pointed out by /u/1amazingday, the second exclusion could still also be in play if there are informants other than GameStop such as a Citadel whistleblower. Doesn’t necessarily negate any of the conclusions but it is an interesting thought. +Hey guys just wondering what are some everyday life hacks that you use to save money throughout the week? + +I’ll start with a few that I’ve recently implemented: + +• Using Raiz- an app that takes all your spare change (rounded up from everyday transactions) and invests it in EFTs. + +•Using 711 app to lock in fuel for discounts (I’m always driving around Sydney so I’ll often lock in cheap fuel) + +•Purchasing Honey in bulk (1:5kg) to save buying small expensive honey all the time + + +What are some other things that you do to save money throughout the week? +Hey guys, + +You might have seen my post asking whether a flowchart for limited company directors exists. + +Well, it looks like it didn't exist, so I decided to create one. + +This update is a combined effort from feedback received on /r/UKPersonalFinance and /r/FIREUK + +Thanks everyone for being so helpful, I couldn't have done it without all of your wisdom: + +[https://www.reddit.com/r/UKPersonalFinance/comments/ekfo23/flowchart\_for\_limited\_company\_director\_followup/](https://www.reddit.com/r/UKPersonalFinance/comments/ekfo23/flowchart_for_limited_company_director_followup/) + +[https://www.reddit.com/r/FIREUK/comments/ekfnb8/flowchart\_for\_limited\_company\_director\_followup/](https://www.reddit.com/r/FIREUK/comments/ekfnb8/flowchart_for_limited_company_director_followup/) + +It likely still has many **errors** and **inaccuracies** as well as being a **very** **initial and incomplete draft**. + +Let me know what I should change, correct, and improve. +It's still a very initial draft and I'm planning to improve it with your comments and feedback. + +Here the updated version (v.0.0.2 alpha): [https://imgur.com/a/CNpHqZL](https://imgur.com/a/CNpHqZL) + +(also, I've created a new post for this update as I've been recommended to do so, I'm new to reddit so I'm not sure what the correct etiquette is, but please let me know if I should just update the previous post instead and delete this) +Hi all, + +In this post I will try to summarize all the positive (and negative) aspects of Citius Pharmaceuticals (Nasdaq:CTXR). Its not meant as an extensive DD, I would like to bring the stock on your radar and list the most important facts. Disclosure: I am personally invested. + +Positive aspects: + +\-Mino-Lok, the lead product should receive a DMC announcement this Q, the CEO said it will happen until the end of June. 100% success rate in the first and second trial. 1.5b market in the US - no competitors. Saves costs tremendously and is saving people from a catheter-related bloodstream infections (CRBSIs), this is lethal in up to 25% of the cases. New drug application planned for Q42021 - Citius already has a fast track process with the FDA. That means after 6 months they will get the approval, the plan is to start generating revenue in 2022. + +\-Halo-Lido, formulation against hemorrhoids, has demonstrated safety and efficacy, phase 2b will start in Q32021. Multi-billion market. + +\-Other drugs are in preclinical development. + +\-The chairman and CEO invested over 26m of their own money. Both have an incredible experience (incredible is an understatement). See below. Mr. Mazur, the chairman also said he was "all in Citius shares". + +&#x200B; + +https://preview.redd.it/eikyre6gf9271.png?width=721&format=png&auto=webp&s=ae4ef35ead9b76851e0102c00795fc873eeb8fe5 + +https://preview.redd.it/kgz1iynhf9271.png?width=753&format=png&auto=webp&s=3b462fb6ca1c3b1df72f1d47ae6e8f3219014ee7 + +\- Cash until 2023, dilution is not a concern. All the future trials are competely funded until 2023. The chairman said that they don't want to do further dilutions. No debt. + +\- Russel2000 inclusion is very likely. Blackrock and Vanguard already bought over 9m shares in the last Q. On the 4th of June a preliminary list will be released, CTXR should be on there aswell. Citius fulfills all the parameters (insider ownership, volume and market cap). Roughly 900b dollars are affected by the Russel2000 index, I expect further strong buying pressure. + +\- Analyst price targets are 4 and 8 dollars (suggesting massive upside). + +\- The executive team is regularly at conferences and has good PR every other week. They recently won the best poster award at a conference with 350+ of the biggest pharma firms in the world. (Thats not because the intern threw together some nice looking slides, its because the quality of their research is so excellent). + +\- Still a extremely low market cap of 300m Given the fact that a market of 1.5b (only in america, global market is much higher) is reachable without competition is outstanding (only talking about Mino-Lok here). They also have high profit margins since the patent (which they have until 2035 - worldwide) only has 3 basic ingredients. + +Now that sounds quite good eh? + +The main risks are: + +\- No FDA approval which would make another offering inevitable, Citius has no revenue as of today, further offerings would be inevitable (after 2023). + +So thank you for reading all of this. I hope you have a good sunday. + +\- + +:)Did you really think this was everything? I hate to break it, but I lied big time. + +There is this company called Novellus therapeutics. They and Factor bioscience are founded by the same two guys, Christopher Rhode and Matthew Angel. So Novellus is focusing on MRNA technology and recently licensed a gene editing platform to (BTX) Brooklyn Immunotherapeutics. After that announcement they went from $5 to $70 (1400%), not bad? In that process they got quickly bought out, LOL. + +Now, what has that to do with Citius? + +To understand the whole picture I need to tell you something. Leonard Mazur, the Chairman and biggest holder of Citius Pharmaceuticals is also a significant shareholder in Novellus therapeutics. The same company that made BTX go parabolic. They have countless patents and their technology is 100% the future. I am unable to understand it in detail but look for yourself: [News - Novellus Therapeutics (novellustx.com)](https://novellustx.com/news/) + +Now the cool part is that Citius licensed over 25 patents in a licensing agreement from citius. They received patents for the same MRNA technology, including Novel Induced-Mesenchymal Stem Cells (i-MSCs). They can be used to treat Acute respiratory distress syndrome (ARDS), a big portion of all ICU patients get this. Its now more present than ever due to covid. The solution and knowledge they've licensed has shown efficiacy and superiority in preclinical studies. They will do everything to do clinical studies as soon as possible. The market potential is unbelievably big and worth tens of millions of dollars - if not more. Oh yea, the poster I mentioned, it was about Novellus' MRNA technology. Citius presented it and it won against all the big pharma companies, you find it [here](https://d1io3yog0oux5.cloudfront.net/citiuspharma/files/pages/citiuspharma/db/244/post_event_details/ISCT+poster+2021.pdf). + +So to summarize, Mr. Mazur owns Novellus and is a significant shareholder. They licensed MRNA technology to a company that quickly got bought out and went up massively. Now to my knowledge he is not a shareholder of BTX. He's only invested in Citius. Given the fact that he literally also owns Novellus partially, the licensed technology must have an extreme potential, yet is completely ignored and only few even know about this connection. + +Citius Pharmaceuticals recently had a proxy voting to increase the 210m authorized shares to up to 410m. The vote did not pass and they adjourned the meeting to end of june. On friday the CEO, Mr. Holubiak filed a letter to all shareholders with the sec. [Here](https://www.sec.gov/Archives/edgar/data/1506251/000121390021029958/0001213900-21-029958-index.htm). If you closely read the letter you can see him basically begging for the additional 200m shares and that they "urge" everyone to vote and even change their vote. In the next sentence he says that acquisitions or investments are possible. + +I really don't want to be speculative here, but think about what happened to BTX and compare it to the pressure that the management is implying here. It makes me wonder if something big is in the bushes. They have enough cash and the chairman said multiple times that a dilution won't come. + +In my opinion this company is severely underpriced and undiscovered, even if we only account for the Mino-Lok solution. Given the fact that they have such a excellent pipeline, perfect management team and 97m cash - its a very reasonable investment and the risk/reward is great. + +&#x200B; + +[The technicals look excellent, we're in a triangle pattern and soon to break out. Multiple moving averages are bullish and the MACD ist just starting to go green again.](https://preview.redd.it/99h4p6yif9271.png?width=1470&format=png&auto=webp&s=e9a0cdcd2c06b0f17f2275de3bfba308b2cfe58d) + +If you'd like to look further into the company, (I would, there are many things I did not mention) - start with this summary of DD: [Link](https://www.reddit.com/r/CTXR/comments/mqomgw/are_you_new_read_this_first_important_base_info/) + +I hope you liked this short writeup and wish you a good sunday! + +Traderi +Graph of this issue: +https://pbs.twimg.com/media/Do2RFrvXsAAdrVM.jpg + +Since 12/31/2006, the weighting of the financial sector has decreased considerably. The global financial crisis of 2008 dropped the weight of the sector temporarily to just 11%. Financial services recovered quickly after the crisis but the sector is still much smaller compared to other sectors than it was before the crisis. Information technology sector has risen with the help of Apple, Microsoft and Alphabet from 15% to over 20%. Currently, the weight of Apple is 3.7% of the whole index. Since 2009, the weight of energy sector has halved and its currently just a bit more than 6%. The sharp decrease in oil prices has caused big worries for energy companies. In the beginning of 1980, energy was clearly the largest sector, making up 25% of the S&P 500. Also material companies are now just a fraction of what they used to be 35 years ago. + +How do you think the S&P 500 sector weightings will look 10 and 20 years from now? and why? +*NOTE: The target we give comes with our obviously strong belief the mods are great, doing their best, and providing the subreddit with amazing opportunity. Despite our glowing praise of the mods, we are still issuing a scathing review of the subreddits future performance.* + +[POLL](https://www.strawpoll.me/42234774) shows a lot of uncertainty. Users unsure either way. + +**RATINGS POLL - 2098 voters (r/pennystocks):** +- + +* **Honesty** ⭐⭐ + +* **Quality** ⭐ + +* **Price of admission** ⭐⭐⭐⭐⭐ + +* **Verification of traders** ⭐⭐ + +* **User Experience** ⭐⭐ + + +**...** +- + +We are now coming into the final month of 2020. I'm wishing that you all had a great year of trading, and will take that momentum and continue it into 2021. We have seen r/pennystocks jump in growth this year! An exponential increase since 2018. + +r/pennystocks has increased in comments, subscribers, posts count, user retention, and even new user count numbers. Most of which was generated from obvious world impacting circumstances. What you'll notice is there isn't much maintained growth across the board. + +Things have gone sideways. Consolidated back to 2018 averages. That's not normal, given the once inflated bump in numbers. + + +Some users may argue certain stocks overloaded the post per day numbers. Many repetitive posts had reached the front page during July 2020, and the mods "fine-tuned" this by consolidating them into megathreads. Albeit this seemed like a great fix, it sucked the energy away from the stocks, as new users struggled to find these threads. + +**Facts:** +- + +* **'Comments per day' has declined as much as [-88%](https://subredditstats.com/r/pennystocks) since June** + +* **'Posts per day' has declined as much as [-72%](https://subredditstats.com/r/pennystocks) since June** + +* **Subscriber count numbers were soaring from March to August, but have since only increased 11% - a sharp decline** + +* **'Comments per subscriber' is 0.000064% - in other words, you're more likely to get struck by lightning** + +We can't deny the statistics. Although, there are many different ways to interpret this data, we conclude that r/pennystocks will lose 50% in value in 2021. + +This means lower user count numbers, lower subscribers, and lower quality posts. No one will have opinions, it will all become impossible to decipher between marketers / AI scams. You will only see random nonsense pennystock tickers flooding the front page. + +It's an invasion of quality. The spam will become the front page. For months, there hasn't been the right framework of rules put into place to thwart marketers / scammers. + +**Unbelievable issue going on here....** +- + +Now users are logging information on the subreddit, and giving it away for free. These same users fail to realize that robin-track was predominately used by short-sellers to guide where the dumb money was at. + +By creating consolidated free-information like an excel document of r/pennystocks top posts or hot stocks, you will almost always get a reverse effect. In other words, people buy into these tickers without notice, and that data is then extracted by a much more powerful short-seller. Meaning the more times you buy in, the more you'll lose overtime. + +We see the future as being problematic for this subreddit. We believe that the problematic changes that have been put into place has, in effect, become normalized to a point of no return. + +We wish you heard the messages of those who cared about trading from a year ago, because the fallout has left the subreddit into a crippling mess of spam / degeneration beyond what can even still be heard. What needs to change is overwhelming, like explaining strategic investing to a gambler. + +We don't expect any changes to happen, which is why we give a strikingly low rating compared the previous years optimism rating. + +Don't become desensitized to the ticker-spam on the front page! It's spam. Fluff. Garbage. You won't profit from any of it. Don't go garbage diving. +EDIT- this run up has seen Deep otm puts being bought. I geniuely couldn't have timed this DD better. Shame irs not getting more traction haha I need to get better at writing catchy titles. + + Good morning Motos, + +Continuing on my roll of DD posting while I have a week off, here is the the update to my "married puts DD" which I did way back just before the large block of deep out the money puts expired worthless back in July 16th (for reference this represented 40.4 million shares of GME). + +You can find the [OG DD here](https://www.reddit.com/r/ApesMonkeyAround/comments/oetks2/a_look_amc_and_gmes_deep_otm_out_the_money_puts/) but it's not a required pre-read or anything, as I'll go over all the concepts again in this DD. + +**Disclaimer-** This isn't any form of advice, it's just what I've found from my digging and my current understanding. Which is always evolving and adapting as I learn new information. Also this DD will require some basic understanding of the options market and how the mechanic's of naked shorting & Fail to delivers work. I have DD on these as well, but I don't want to feel like a walking ad for myself, so ask in the comments or via DM if you want these guides. + +**TL; DR?** + +Simply put by analysing the existing option chain we can see that there is a minimum of \* shares of short interest being hidden in GME. + +And more importantly we have another clear piece of evidence that manipulation and fraud of the stocks are still occurring. + +**What this DD is, and what it isn't.** + +First and foremost, this DD is not a way to calculate the total number of synthetic shares in existence. + +For GME, to my knowledge, there has never been any official numbers on how many individual investors there are of GME, and also there has not been any sample data released that has a verified shares to shareholder ratio anywhere. Meaning that its difficult to try and calculate any meaningful statistical analyst on this subject. + +This DD, and by extension the OG DD can be used to show a **BARE MINIMUM** number of shares that have been hidden, as I'll explain later in detail but once the put expires the owed shares don't disappear. + +This DD also shows in detail, one of the three main ways short interest can be hidden, to my knowledge. There is likely a lot more ways it can be hidden. + +The main purpose is to show that fraud in the stock still exists and continues to this day. It's all well and good saying it is obvious and pointing generally at them but this is a hard facts, evidence and data led approach to conclusively saying that beyond a shadow of a doubt. + +**What is a traditional married put?** + +A married put traditionally is a strategy used where the holder of a long position (Someone that either has stock or options where they want the price of the stock to go up) buys a number of at the money put contracts equal to their long position. + +This way if the stock goes up more than relative to the premium then they earn money, likewise if the stock goes down below the cost of their premium then they will either break even or earn some money depending on the type long position they hold and how much value is lost. + +Let's show this with an example. + +You own 100 shares of stock ABC and it is currently trading at $150. To hedge you buy one Put contract with a strike of $150 for Jan 2022 costing you roughly $1,000 (remember one option contract equals 100 shares). + +* If between now and Jan the price of your stock rises above $160 you are earning profit as you've covered the cost of your premium ($10 x 100 shares is $1,000). +* If between now and Jan the price of your stock goes down below $140 then you'll earn money off of the value falling, the lower it dips the more you earn. + +It's not a perfect hedge as if the price ends between $140 and $160 you'll be out money. But the point is that you'll have protected your investment from downturns in price from what it is currently at. + +**What is a divorced put?** + +Firstly it's a term I coined after arguing with someone over the semantics of a name. I kept saying married puts and then explaining the variation but I kept getting told "That's not a married put" as such since the variation is that different I'm calling them divorced puts. + +In a divorced put you need two parties. You need your OG shorter, who has short sold shares in a company that they need to cover but don't want to buy legit shares to do so with. Secondly you need a market maker (who is also very likely short on the same stock) who is willing to bend the rules a little and help out the OG shorter. + +The OG shorter buys either deep in the money, or deep out the money put contracts, equal to their short position, from the market maker for a date far in the future. + +>Technically It doesn't need to be deep itm or otm puts but by choosing deep itm or otm puts they can be pretty confident they are buying and selling to each other due to the relatively low open interest. Likewise it doesn't need to be dated far in the future but the further in the future the Put contract is the less open interest it will have and the longer the OG shorter and market maker have to try and get the price of the stock in question down. + +The market maker then naked shorts and sells the OG shorter shares equal to their short position. + +>Again, you can't decide who you buy and sell to on the open market. However using a combination of naked shorting during low volume times and dark pool abuse you can be pretty confident of who the shares are going to if you coordinate. + +The OG shorter now has a short position, the equal amount of shares and put contracts worth the same amount of shares. The OG shorter then uses the shares given to close their short position just leaving them with the put contracts. + +The Market Maker also lets these naked shorts become fail to delivers. + +With this the short interest has been hidden and transferred into fail to delivers. + +**Who's left holding the bag?** + +So the question remains, who is left with the responsibility of covering the shares. Because eventually whether it be covering shares sold short or fail to delivers, someone has to pay them back at the end. + +And, that comes down to whether the contracts were deep in the money or deep out the money. + +If, like we are seeing this now, deep out the money contracts are being used then the expectation is for the OG shorter to exercise those contracts, they earn next to nothing off of doing so and because they don't have the shares in their possession to sell they become fail to delivers and the market maker gets given the needed shares to close it's fail to delivers. + +Conversely, if it's deep in the money contracts that are being used it is expected the OG shorter won't exercise the contracts (citing the fact that it doesn't cover the cost of the premium) and the market maker will keep the fail to delivers to deal with themselves. They did get paid a hefty price for those deep in the money contracts after all. + +As an alternative, instead of exercising deep out the money puts the OG shorter could also give the market maker a flat payment for something. It's not like Citadel have just stated they are redeeming $500 million from Melvin Capital or anything lately. + +**Example of divorced puts.** + +I've always found shit easier when I can walk through an example. So I'll do that for you now, if you understood the above and aren't interest in an example just skip to the next bit. + +So OG Shorter has short sold 100,000 shares of company XYZ when it was valued at $100 a share. The price of XYZ has risen to $250 a share and is at a level where if the OG shorter was to cover they would be at a severe financial loss. As such they call in their Market Maker friend. + +The marker sells the OG shorter 1,000 put contracts at $5 strike, dated Jan 2022. The market maker also naked shorts 100,000 shares and sells them to OG Shorter. They then let their naked shorts become 100,000 fail to delivers. + +The OG shorter uses the 100,000 shares they were sold to cover and close their short position. They now only have 1,000 put contracts. + +From now and until Jan 2022, the market maker stays in a battle to continually reset the fail to delivers. Abusing the T+2 time line to ensure that the true figure of fail to delivers is never revealed. + +Come Jan 2022, and the puts are about to expire. Either they are exercised or they are not. If they are exercised they can become fail to delivers or are re-shorted on the OG shorters end, or if the puts aren't exercised the market maker keeps them and just tries to deal with the fail to delivers. + +**Why it can't be used to calculate synthetics.** + +As you see from the above when the puts expire, the fail to deliver aspect doesn't disappear and that share is still owed. + +So the 40.4 million GME shares that were represented in the July 16th divorced puts are still needing to be dealt with and covered. + +**What are my parameters for looking for puts I deem to be eligible?** + +In the OG DD I set parameters to see if I could consider a put eligible to be consider or not. + +Originally open interest had to be above a certain level for the week and the strike had to be below a certain price to be considered in my calculations. I'm still sticking with the puts being below a certain price however I'm no longer sticking to weeks with big open interest only. + +The reason for this is simple. I've spent the past 10 or so weeks doing a recap/look ahead posts for both GME and the movie stock. And even in low open interest weeks I've seen evidence of strikes hiding shares of short interest. It means a lot more work went into this quarter's breakdown but it was worth it to feel more confident in my assertions. + +As for price, last time I decided 2/3rds of the current price was fair to look at. As this would be far enough away from the money to be a traditional hedge. I still feel that this is a fair assumption, so with this in mind my strike will be $105 and below for GME. + +Last time I also did it as a solid block, this time I'm also expanding my shares into ranges. This is because I feel more confident that lower ranges will be indicative of the divorced puts than higher ranges. The ranges will be spilt up evenly into three brackets. + +GME will have $0 to $35, $36 to $70, and $71 to $105. + +As for Puts Deep in the money, this is a harder one to look at. As a lot of these could have been bought at all time highs as a hedge. As such I will only consider Puts above $450 for GME which is roughly 3x the current price. + + **A breakdown of the numbers.** + +https://preview.redd.it/7847egtwgbj71.png?width=450&format=png&auto=webp&s=045d94a98d510faaca5a427d34eaad31771db816 + + So I've followed the above parameters and did a break down. Like I stated earlier, this time I was also interested in the ranges as well. + +In short we can see a total of 426k Put contracts, representing 42.6 Million shares are being hidden in GME's option chain. + +Just over two thirds, 37.3 million of those shares are being hidden in put contracts with a strike of under $35. + +Like I stated earlier, the OG Shorter and Market Maker are using deep out the money puts opposed to deep in the money puts. + +When today's total is added to the 40.6 million shares worth of puts that expired worthless on July 16th we can see at a bare minimum of 83.2 million shares from the real short interest are being hidden as Fail to Delivers. + +When added to today's short interest of 7.7 million shares it gives us a new MINIMUM real short interest of 90.9 million shares or 143% of the float. + +**Note of caution and** **hopium.** + +First my note of caution. Not all of these Puts will be for hiding short interest. Some may be for people legitimately buying Puts for shares they own as a hedge or as a bear bet. The further out the money or deep in the money they are the less likely this is. That's why I picked the strikes I did, if there is another update on this you'll see the strike considered is constantly in flux but I try to choose a strike that will account for 95% of the puts being bought as part of this tactic rather than just a hedge. + +A note of hopium. This isn't the only way to hide short interest. There is also something called a Synthetic Long Put. This uses atm (at the money) Calls and Puts to hide your short position. This is harder to calculate what the hidden short interest is as you have to know what the price was when the position was opened (not what it currently is at). These Calls and Puts will also get lost amongst legitimate Calls and Puts which will generally be higher in open interest. So, there will more short interest hidden else where. + +**Parting words.** + +I have a[ twitter,](https://twitter.com/BOBoonRoss) and [a YouTube.](https://www.youtube.com/c/BOBoonRoss) I post everything to YouTube, and I also chat away on twitter and give smaller updates on things that don't merit a reddit post or YouTube vid. + +I also post everything on reddit, so consider giving me a follow on reddit if you don't follow YouTube or Twitter. + +Hope this helps folk and I hope everyone has a great day! + +Peace out! +2022 was quite the different year than 2021. Going into 2022 everyone thought the bull run would not end, but due to record inflation and interest rate hikes the SP500 is down \~19.85% year to date. Based on the Fed we know we will still see some interest rate hikes, but not too the extent of what they were in 2022. So what is your prediction for 2023? + +What stocks will perform the best (excluding penny stocks)? + +What is your prediction for where the SP500 will end next year? Do you think it will continue to decline or will we go into a bull market? + +What is your plan for investing this next year? Buy high and sell low. +For those of you who haven't been paying attention, since around midnight EST this morning, Loopring's LRC token (and many others) have been going ballistic. Seriously, like 50% gains in 12 hours. Now if you were a broker handling shorts, you have to worry about the DTCC and clearing houses etc. and eventually if shit gets real rough, you collude with each other to turn off the buy button to make prices come back down. Familiar story, I know. + +But what about Loopring, which is the FOUNDATION of the GameStop marketplace? Be your own bank. Defi > Tradfi. You can't turn off their fucking buy button, Right Anakin? I mean, MarketWatch and Brian Sozzi and the rest of the clown fluffers are salivating for the opportunity to trash the GameStop Marketplace and Loopring right? + +So remember a year ago, when LRC shot up to $3+ and since about this time last year almost exactly (swaps or short contracts anyone??), has been steadily dropping (as with all crypt0) to about $.24 or so as of late. I mean, if you had 100:1 leverage or wanted to take out a 1 year swap on this shit because you knew that you had the time, why wouldn't you? Easy money right? + +Then BOOM. Last night things got spicy. Shit started happening on huge volume. Someone had to buy in. Was it because of Fed rate hikes? Was it closing of short positions? Was it closing of swaps? Whatever it was, at midnight, was not retail. And anyone else that is/was short LRC is in trouble, because now you have to quickly deal with 50% price increases and mama ain't gonna like that. Can't turn off the buy button. And what to do?? Otherwise this could cascade and really fuck up our GrEaT StORmTroOPeR PlAn. + +&#x200B; + +https://preview.redd.it/6ivb1306jyx91.png?width=1112&format=png&auto=webp&s=9382ca3fbc1520a9a5596d609d1d13453418ae40 + +**DDOS attack**. Let's make sure we kill the hype. Prevent the token from approaching our margin limits. Attempt to control the price. And guess what else?? We can also rig the media to talk about the "GameStop Marketplace in Turmoil" or "Loopring Suffers Security" breach bullshit that we all know is coming. But guess what? + +I'm still here bitches. Fuck you, pay me. +Hey there. + +My wife and I started out marriage with 200k in student loan debt, and felt totally alone. We found some resources, stitched together a plan, and busted our butts to pay it off. In the process, I've come to learn that there are lots of others facing the same challenge of high five figure and 100k+ student loans. Currently in the process of helping a few family members and friends put together their own personalized plans, and realizing that there are many ways to go about this. Not just one "right" way. + +For those of you tackling high student loan debt, or who went through it and got out... how did you come up with your plan? What worked and what lessons were learned? + +Would love to hear what you think. +I am a college student going into my sophomore year and I am looking to get a credit card for the purpose of building credit. My credit score is 644 and I have a loan (I choose immediate repayment with $17,000 loan). I’ve never missed a payment but I’ve only had credit for 9 months. I have never had a credit card before and am hoping for cash back rewards but don’t know what cards are best. Advice? + +Edit: I am trying to build credit to get approved for a loan, many years from now, for starting a company in real estate so I want to give myself the best opportunity for that. +Should I just do 100% of one thing or can you suggest a better split? I want to be an aggressive growth Roth IRA account portfolio. I have a high-risk tolerance. I want to keep some sector index funds. I have 0% in bonds because I don’t plan on buying bonds until I'm 30.  + +40% S&P 500 = FXIAX + +35% Total market = FSKAX + +10% international =FZILX  + +5% blue chip fund= FBGRX + +5% tech fund = FSCSX + +5% medical technology= FSMEX + +FXIAX = Fidelity 500 Index Fund + +FSKAX = Fidelity Total Market Index + +FZILX = Fidelity ZERO International Index Fund + +FBGRX = Fidelity Blue Chip Growth Fund + +FSCSX = Fidelity Select Software & IT Services + +FSMEX = Fidelity Select Medical Technology + +Dumb Questions  + +1. Can you explain what small-cap/large-cap means and the differences/benefits of each?  +2. Can you explain the difference in the 0 expense version like FZROX or FZILX? Are they the same? Does it matter which one I pick in the long run?  +3. Is dividend income in your Roth a part of the $6000 max contribution in Roth? + +I'm also posting this in r/investing because I want different opinions. Thank you. + +**Edit**: After reading everyone's comments, I'm thinking of doing 60% FSKAX, 20% FSGGX, 10% FBGRX, 10% FSCSX + +FSGGX = Fidelity Global ex U.S. Index Fund + +**Edit 2:** Thank you for the feedback. 70% FSKAX, 20% FZILX, and 10% FBGRX +Recently, I crossed the threshold where I'm technically financially independent: the safe withdrawal rate of my investments is more than my yearly spending. + +Like many users on this sub, I'm not ready to retire yet: I'm in my early 30s, enjoy variously aspects of my job (though I might switch companies), and most importantly don't have the rest of life figured out yet. No family yet, and only just starting to build up the right set of hobbies to retire to. So the plan is to keep working while it's enjoyable, and focus on building a great life outside of work. + +One interesting thing that I've noticed is that at this juncture, a core FIRE strategy (keeping lifestyle inflation in check) starts to break down. I call this the post-scarcity phase. All needs are met, and all earnings go towards chubby-fying or de-risking retirement. (I'm not interested in de-risking because I picked withdrawal rate that is low enough that there's little benefit in reducing risk) + +So how should spending work in the post-scarcity phase? If I'm not increasing spending now, then I'm just hoarding cash to later more drastically increase spending. It makes no sense for example, to keep spending at X until retirement, then retire to spending 3X. + +A fun thing that I've started doing as a solution to this "problem" is pegging my spending to my portfolio size, even while working. Instead spending a fixed X/year, I'm switching to spending 3.5% of my invested assets per year. + +Some interesting observations: +* Spending is not tied to my job or my earnings - if I switch jobs, I'll still spend the same amount +* If I work hard and bring in a lot of income for a few years, I'm effectively giving myself a permanent raise for the rest of my life, starting immediately +* If my invested assets increase by 10%, my spending increases by 10% +* At some point, my income can become lower than 3.5% of my portfolio size, so I'll be spending more than I earn (and that's ok!) +* Some years I may see a spending cut (years where market losses are higher than my income) +* The year I retire and switch to the more standard inflation adjusted fixed withdrawal strategy, I won't see a large change in spending + +The financial goal of FI and/or retirement is to be able to live off your investments. But what does that mean to you? Is it simply living off of dividends and interest? Planning to sell assets as they grow in value to fund life? A combo of both? +Hi team - with a new position I’m transitioning in to at my job, I’ve reached a point in my career where I no longer feel daily anxiety, but the stress is a constant that is affecting my sleep tremendously. Strategies already in place: + +- Exercise 5-6x a week, 3 of those are long runs +- Healthy diet +- See a therapist +- Try and stay in regular contact with friends (not great at this). +- Daily meditation for the last year +- Occasional use of melatonin, but now that’s stopped working + +I also live alone and have no partner and all of my close friends moved at the beginning of the pandemic and as such... it’s been a long year. + +Any suggestions on how to deal with this so the lack of sleep/stress doesn’t eat me alive and tank my career? + +Thanks in advance. +I recently hired an estate attorney to do the basic estate package (will, power of attorney..etc). I am now considering doing a grantor trust or slat. I was initially quoted 10k and now I’m being told it’s 18-20k for the new trust. This is after spending a few thousands on legal advice and 6k for the basic estate plan. I have not engaged the attorney for grantor/slat but found strange that prices could change on his whim. I feel like he is not being consistent and this makes me question if we should continue the engagement. I get this is a busy time given legislative changes, but is this normal way that estate attorneys operate? What have been other people’s experience. +One of the largest North American Bitcoin  mining farms, Bitfarms, has mined its 1,000th coin with 100% hydroelectricity. 🌊♻️ + +"We expect to more than double our installed hydropower infrastructure in Québec, triple our operational hashrate in 2021" - Bitfarms’ CEO. + + +Source: https://bitfarms.com/app/uploads/2021/05/2021-05-28-Bitfarms-PR_BTC_Production_UpdateFINAL.pdf +If I want to sell a lot of covered calls should I be primarily investing in stocks that are under 20$? This way I can afford to own 100 shares of multiple stocks. Or am I better off creating synthetic covered calls on a wider range of stocks? +1: where do I get market data, historical and live. Any free sources? +2: how would I send buy and sell signals to the broker? + +I wrote some scripts in Quantconnect but wasn't too keen on their UI and graph making stuff. +I am familiar with Matlab but could use python as well. + +This whole sector of the internet seems very vague and professional and most of the time, websites and forums just say things that go over my head or just don't seem to be exactly what I need. + +Edit: +I should clarify, I haven't been backtesting algorithms for a year straight, but I have been day trading and making algorithms in Quantconnect on and off for about a year now. + +Sorry for not replying until now, I accidentally had notifications turned off. + + +Hi, I have just seen this: + +Channel: Quantpy + +Title: Algorithmic Trading on YouTube is Fake | Trading Strategies that Actually Work - YouTube + +The video left me with some bad vibes because he claims that algo-trading is bogus. The basic thesis that the guy pushes forward is that "algorithmic trading", like any other trading, doesn't work. He claims that it is not even a legitimate business. For him, the only profitable strategies in the market are pricing, risk monitoring and execution (or HFT). Therefore, I was wondering if: + +\- A/ Can algotrading generate consistent returns (5-10 years time frame) and beat the index? + +\- B/ Is it possible to do algorithmic trading with a self-taught strategy, or do you need to be hardcore training in advanced mathematics? + +Let me know your thoughts. + +PS, sorry for the repost; I think the previous one got blocked because of the direct link to the video. +When you really think about it. The origin and early days of Bitcoin are really strange. You have this person who apparently creates an entirely new monetary system built from scratch except for some previous theoretical ideas. He has at best a small team and no funding or support from organizations, companies, or governments. Bitcoin grows purely by word of mouth and by voulenteers organically. And in just ten years, it grows to be worth hundreds of billions of dollars and is beginning to disrupt the current monetary system. I find it hard to believe that governments don't want to know who this guy is. + + +The Federal Trade Commission’s officials traded stocks and funds more than those at any other major agency, including going heavily into tech shares, The Wall Street Journal found + +WSJ Article +https://www.wsj.com/articles/the-regulators-of-facebook-google-and-amazon-also-invest-in-the-companies-stocks-11665670207 +Oct. 13, 2022 10:10 am ET + +The top watchdog of American business is also home to Washington’s most active Wall Street investors. + +The Federal Trade Commission in recent years has opened investigations into nearly every major industry. It has launched antitrust probes into technology companies, examined credit card firms and moved to restrict drug, energy and defense-company mergers. + +At the same time, senior officials at the FTC disclosed more trades of stocks, bonds and funds, on average, than officials at any other major agency in a Wall Street Journal review of financial disclosures at 50 federal agencies from 2016 to 2021. + +Many of the investments overlapped with the FTC’s work. + +A third of its 90 senior officials owned or traded stock in companies that were undergoing an FTC merger review or investigation, based on actions the agency has made public. + +FTC officials owned stock in 22 of the roughly 60 large companies the FTC brought cases against in the period reviewed. + +The officials were most heavily invested in technology, an industry that has come under increasing scrutiny by the agency. Nearly one in four top FTC officials owned or traded individual stocks of tech companies such as Amazon. com Inc., MetaPlatforms Inc.’s Facebook, Alphabet Inc.’s Google, Microsoft Corp. and Oracle Corp. + +An FTC chairman owned Microsoft, Oracle and AT&T Inc. while the agency was conducting sensitive reviews affecting the tech and telecom sectors. + +The head of the FTC’s international division bought and sold Facebook stock through a financial adviser as his office coordinated with overseas enforcement officials on an investigation involving Facebook. + +And an FTC consumer-protection official owned stock in more than 10 companies as the agency scrutinized mergers or acquisitions involving the firms. + + +Full article through archive:https://archive.ph/tv7Xm. + +TLDR: FTC trades companies they investigate. I would paste the whole article, but it's very long. +After rejecting the option of a Tiny Home (still too much money for this couple), they chose an RV camping trailer because they were broke. And then they felt they could find an even cheaper camping trailer (and more space) if they sacrificed a washroom (They figured washrooms are available everywhere and a person only spends 30 mins/day in them; So why not just use friend's/family's homes on the way to work for showering, public/work washrooms, etc). + +Seems like it was supposed to be a stop-gap to save enough to buy a home. + +And now, after 1 year, they're loving the lifestyle, and figure they're living the journey; Relocating to different locations to stir things up and to seek new adventure, meeting a lot of friends along the way, rock climbing after work, evenings by the bonfire, friends dropping over for beers, etc. For some (dependent upon interests and personalities) this seems like it could be an exciting and busy life (and relaxing at the same time). + +Probably a person could save a crap-load of money. Yet it would only be an option if someone really loved the great outdoors, and if one were to find an RV that had a high enough RV furnace BTU and insulation rating for long winters (in Northern climates). + +Here's their YouTube + +https://www.youtube.com/watch?v=eA327Mtrex8 +Hey Everyone, + +This is an update to a [post](https://www.reddit.com/r/financialindependence/comments/f3gfcd/leaving_money_on_the_table_to_be_happy/) I made about two years ago. + +The gist of it is that I was unhappy overall on an expat assignment in South America, but was essentially "rich". The money, status, and options were a crutch I could fall back on and say "I'm not happy but..". However deep down I knew that moving home would most likely enable me to find the things that would make me "happy" (meaningful community and relationships, challenging and fulfilling work, more ownership of my life, shared language and values etc). I was afraid however, that I would come home, be unhappy, and then be without the money/status/options. + +Well I ended up having to move home this year after losing my job due to the company shutting down their South American operations. The first few months were hell to be honest as I was unemployed, living with family, and lonely struggling to build a new life from scratch in a sense. + +With that said I am finally "happy". Since my move I've: + +* Bought my "dream" place (loft condo in suburban downtown) and my affordable "dream" car. +* Transitioned to a new career in consulting, which I am loving! +* Been able connect with a handful of people and build the foundation of a new community/social circle. I feel like I've been able to better connect with people here in eight months vs eight years in South America. +* Gotten involved in activities that I enjoy (shooting sports are a big one) +* Realized how much culture/values/etc matter, and that a big source of my unhappiness and frustration was the difference in cultural attitudes/values, the way society runs, etc. I am so happy to be back home where it just feels "natural" to be. +* Realized how self aware I am and that all of my suspicions/feelings/reflections were spot on. It's an affirmation in retrospect that I know myself and ultimately know what I need. +* *Fortuitous Unintended consequences* + * I discovered early stage heart failure and am being treated for it. My heart will recover and I've prevented a potentially catastrophic outcome as a result. + * I began speaking to a therapist shortly after my move home due to the challenges involved. She mentioned I suffer from anxiety and should consider medication. After several months I decided to take her up on it and it has been LIFE CHANGING. With a low dose medication it's like the anxious/negative part of my emotion/brain have been shut off. I always felt like there was something I could be doing to manage those things, looks like there's something to be said about "chemical imbalances" or however you phrase that (zoloft 25mg/day). + * it's crazy to me how this has panned out. Had I stayed in SA I don't know that I would've identified/received treatment for those two major issues. + +It's cool to have things pan out as I had suspected/hoped moving home would. I am proud of myself for being self-ware enough to know deep down what I needed/what makes me happy. It's certainly been a journey to get to this point. No amount of money or hedonism could have made up for the isolation and frustration I felt back in SA. + +Edit: + +* Messed up the ending editing so re-added it, also because people are asking about car/med:s + * Car = CPO 2019 BMW 330xi (40k was 60k new) + * Med = Zoloft 25mg/day +... + + + +Robotic Assistance Devices Receives Opening Order from Recently Signed Dealer St. Moritz Security Services + +BUSINESS WIRE 9:00 AM ET 4/21/2021 + +Symbol Last Price Change AITX 0.07125 +0.0014 (+2.004295%) QUOTES AS OF 09:32:35 AM ET 04/21/2021 + +HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc.(AITX) today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received a 5-unit order from recently signed authorized dealer, St. Moritz Security Services, Inc. + +“It was just last month when we signed on to become an authorized RAD dealer, and we knew that we had a few good opportunities where we could place RAD solutions,” said Matthew Schwartz, CEO at St. Moritz. “We are really pleased with how rapidly our clients have embraced the RAD product offering and are ready for deployment,” Schwartz concluded. + +Specifics of the purchase agreement were not disclosed, but the company confirmed that the order is comprised of three ROSA units, plus two AVA units. The end-users where these units will be deployed are a logistics/distribution warehouse and a HOA community. ROSA (Responsive Observation Security Agent) is a compact, self-contained, security and communication solution that can be deployed in about 15 minutes. Its AI-driven security systems include human and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. AVA (Autonomous Verified Access) is an ultra-compact, stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates, doors and other controlled entries. + +“We knew that we’d see great results with St. Moritz,” said Jordan Lippel, VP Security Solutions of RAD. “This nice initial order is an indication that we are going to have a solid relationship going forward.” + +St. Moritz achieved over $100 million in annual revenue in 2019, which ranks them as one of the largest American-owned security companies in the U.S. and in the top 2% of all security companies worldwide. St. Moritz has thirty offices nationwide, and covers the entire U.S. and Canada. + +Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up, including circuit board design and base code development. This allows RAD to have complete control over all of design elements, performance, quality and the user’s experience of all security robots, whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™ or ROAMEO™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto. + +CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS + +This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions(AITX) to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions(AITX) undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions(AITX) expectations. + +About Artificial Intelligence Technology Solutions(AITX) + +AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.aitx.ai and www.roboticassistancedevices.com, or follow Steve Reinharz on Twitter @SteveReinharz. + +View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005375/en/ + +Source: Artificial Intelligence Technology Solutions, Inc.(AITX) +Anyone eyeing any solid companies to open a PMCC trade on? I had some success flipping NVDA shares the past two weeks and would like to open a PMCC on a dip. However, with earnings coming up IV is high so it's not a good move right now. + +I was looking at SPOT since they've been showing consistent rev growth the past few years and I feel the earnings dip was an over-reaction. I would also be interested in AAPL and AMD, but they've been on a tear and I anticipate a pull back soon. + +What tickers are you guys watching or trading PMCC's on? +Gnus is a small market cap (625M) company that currently trades at 2.05 a share. However they do have weekly option plays which helps for making covered calls work. + +Additionally as many new traders only use RH still they are also available on RH and don’t require .05 increments on the play. + +Currently a 6/25 $2.5 is selling for .09 which is a 4.5% gain in 1 week for your covered call. + +This stock has a relatively stable floor of 1.50 and a normal Ceiling as it hasn’t been past $3 in more than 6 months. + +If you are new and looking for a way to learn covered calls I recommend trying it out. If you just want some good passive income I also recommend it. + + +Cons: When the stock does fall to 1.5 range the premiums drop down to like $.03 which is harder to make cash on and sucks up $150 in liquidity but that’s the name of the game we aren’t here to see the moon we are here to make our cash work for us. + +This is my advice to all new traders who come to me asking to learn covered calls. + +“Buy 100 shares of GNUS and sell at a strike you’re comfortable selling gnus for and just let it go if it goes over. If need be and it’s $2.51 on your expiration buy it back for the penny and roll to the next Friday” + +This has helped many of my friends and I personally have made over 150% in premiums on this stock just selling covered 2 weeks out. + + +If you or someone you know wants help with covered calls have them check out gnus. +Been printing money off tsla, gme and amc cc’s and puts. Mostly just far enough otm to not catch or have to sell shares. Tsla is still having high premiums but the 100 shares and or put margin is high. I have Tsla shares I have owned for awhile so that’s not a big issue. AMC and gme premiums are 50% less than 2-3 weeks ago and 60+% cheaper than a month-6 weeks ago. Moxc has crazy premiums right now but they have ran a lot and I am probably going to cash out with some nice profits on them +next week. What are some stocks your getting good premium out of on CC’s and or shares you don’t mind owning selling lower otm puts on. The risk/reward on gme and amc seems to be drying up. Atos, clov, bb, wish, mmat seem stuck in the mud and the plays don’t seem as enticing as weeks or months ago. What’s some hidden gems you guys are playing. +Context: I recently got a new job; I now earn in a week what I previously earned in a month. I'm the first in my family to be in this wage bracket. + +My family are a very working-class, blue-collar old-minded bunch of people that don't trust anything money related, such as investing, new methods of working such as WFH, or anything white-collar. It's also especially hard to explain to them that I work for a Web3 company based in the US, but I work from home and in Europe. + +I wanted to set up an investment fund for my niece and nephew for Christmas with my now disposable income. But, the more I think about it, the more I realize my family will just embarrass me for this and think it's a waste of money. They'd rather I just bought the kids toys or useless items they never play with or will last them a few years until they're broken or thrown out. + +Question: Should I invest for them anyway or leave it? Instead of buying them expensive gifts for their birthday or Christmas, id invest money each month and just give them a card and a small gift. +Early 30s male. \~$6.5M NW (down from a year ago, like everyone). I live in a medium to low COL city in the United States that I grew up in and made my money in so I have tons of family/friends/professional connections here. + +Been FatFIREd for about 3 years after being an early software engineer at a tech startup. A combination of waiting to see how Covid impacts the world and waiting to see how some of my illiquid finances shook out, have had me in a “wait and see” mindset that I’ve used to justify not diving into anything that would be a significant long term time commitment. + +My problem is that I feel stuck in that “no commitments” mindset even though I now have a clearer picture of the future than before and no longer have reason to believe I might get significant new information soon. I’ve got a list of interests that in principle I would love to dive deeper into, but I have a hard time giving any idea serious consideration if it would mean limiting my ability to travel frequently or just generally reducing my amount of free/flexible time. + +Has anyone else been in a similar situation? How did you handle it? Should I just embrace this and focus on things that are not big time commitments that I enjoy? (This is the status quo for me right now.) Or should I put more effort into evaluating potential passion projects that might be limiting to my lifestyle? If so, how do I “convince myself” to do this? +It’s almost as if trillions of dollars pouring in from the mining boom was a bad thing. Surely it must be close to reverting back to its normal growth rate prior to the boom. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [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. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [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. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +While at my first 'career' job I had started my first 401k and was able to save about $5,000. When I left I rolled it over to a traditional IRA account with my bank, but instead of keeping it in a growth type of account, I split the $5k into 2 different stock purchases (amazon and apple) as I was willing to take the risk at the time with that money as I set up a new 401k with my new job. Now it has grown to $20,000 and I'm wondering if it is a smart move to keep the stock where it is or if I should roll it over to a more traditional 401k account? +So 30$ is said to trigger the squeeze... My guess for the point of no return for hedgies is 1k... and we'll reach that before EOW. ;) + +Prediction for next week: + +In general: + +\- Massive Crypto P&D for cash ( ETH/BTC already went up significantly the last days) + +\- broad market bull run to push up collateral + +\- GME Massive P&D to scare the casual FOMO-Buyers away. + +&#x200B; + +GME: + +\- Monday sharp drop until markets are high enough + +\- then GME straight up + +\- small fight at 30$, then run to 35$ -> 40$ + +\- FOMO kicks in an gets internalized + +\- massive crash back to 25$ to trigger stop losses and keep the FOMO crowd away from real MOASS in the next days. + +&#x200B; + +Tuesday: + +\- NFT Marketplace goes live + +\- Huge partnerships announced + +\- massive buy-ins from institutions + +\- up 200% over the day. + +&#x200B; + +Wednesday: + +\- Marge calls + +\- MOASS begins + +\- Markets and Crypto in free fall + +&#x200B; + +&#x200B; + +Maybe just this but stretched over a slightly bigger timeframe (until after mid terms). + +&#x200B; + +If it plays out like this, I'm gonna lick my flux capacitor 741 times. + +&#x200B; + +Edit 1: + +In case this gets some traction: + +Obligatory BUY, HOLD, DRS and comment the SEC rules you lazy fuck. +Yes, I mean you! Just do it! ;) +Hi all. So my employer offers ESPP via paycheck deduction. From Jan 1 - June 30. I am limited to 15% of my paycheck. + +From what I can tell, there is no holding period. The section for “When can I sell?” Says “The plan does not impose a holding period for sale of shares but there is a hold period for transitioning to an independent broker of two years to track disqualified distributions”. + +Does this mean I could just contribute max, sell when the shares are issued on a June 30th, and withdraw the cash to my savings account? The shares are bought at a 15% discount. + +Am I missing something here? +Each company is rated based on three different metrics: price to book value, quarterly earnings, forwardEps minus trailingEps + +The lower rating the better. Each rating is summed to give the total rating. + +For example all s&amp;p500 companies are sorted by priceToBookValue ratio. The number 1 company receives 1 point the number 2 company receives 2 points and so forth. + +This is repeated for the other two metrics. + +It would be nice if a company excelled at all three metrics and only received 3 points total but that's not realistic. A low profit to book value means the company stock price is under valued. If such a company also has good quarterly earnings growth and a good forward outlook then it is super under valued. And that is the point of this exercise. + +Source code: +[https://github.com/recola-wand/undervalued-stocks](https://github.com/recola-wand/undervalued-stocks) + +doc (removed) + +Edit: this one divides eps by stock share price so we can get a more accurate picture of earnings per dollar. By doing this I noticed DAL was kind of high on the list so i'm going to add another metric of profit margin to try and weed out companies that have less cash to work with and may be at risk for bankruptcy. + +doc (removed) + + +Edit 2: + +Ok I think this one is the most accurate. Instead of using trailing and forward eps and dividing by stock price I'm just using forwardPE. I also take into account pegRatio and if either PE or pegRatio are negative the company gets dinged hard (like with dal or luv). + +So this gives us a list of companies that will survive the pandemic and are under priced. + +Enjoy! + +doc (removed) + + +Edit 3: + +Added more details here including market price, earnings date, industry, and analyst recommendations. Even if the stock appears undervalued these analysts may know more than i do. You can go down the list and pick all the strong buys. Should be a good deal! + +I added the industry because I plan on making a "diversified" portfolio out of this + +https://docs.google.com/spreadsheets/d/1Y03Nkgh1g-lixkOjxL65hCkz1NQg3JKx_dY2x6Nn8sM/edit?usp=sharing + +Edit 4: + +With this list I severely penalized any company that had negative earnings or growth. The top 318 companies are clearly set apart from the bottom companies. + +https://docs.google.com/spreadsheets/d/1bRtgLmolBpre5nDeO7UlvCyuRcmgE-QMFGj7QwHs1lw/edit#gid=328425522 + +Edit 5: + +Same as above with severe penalty but in addition to having a column for priceToBook I also included one for 52WeekAverage which will give more weight to those stocks that were hardest hit. So this is is the real gem here. It should have companies with a positive future earning outlook with the lowest price. + +https://docs.google.com/spreadsheets/d/1dKo6WyTWvEAqqSv2Vn_eVNUGaEP-vGt151TBmOo_C5g + +Edit 6: + +Same as above but sorted by industry so you can make your own portfolio. Pick the first one or two stocks from each industry. I also put analyst ratings next to my rating. Higher is better. Note this spreadsheet contains ALL companies in the s&p 500. I'm not saying they're all buys. + +Make a copy of this spreadsheet and delete the bottom half from each industry and you'd have a solid portfolio of stocks that are on the cheap + +https://docs.google.com/spreadsheets/d/1lH1PTOElTNEgzL_bR090Q8_jDfNq_9PeyxlhfPB8hSk/edit?usp=sharing + + +Edit 7: + +And finally, my portfolio based off of this. I'll give each industry equal weight even though different industries may have more stocks than others + +https://docs.google.com/spreadsheets/d/14BBMPQFhg1YoCn1wwKu5aemeifaT5J553LXhTmlMMoQ/edit#gid=348200405 + +Edit 8: + +I glanced at the balance sheet of every company in that portfolio since I'm putting money in this. I ended up removing the following companies due to decreasing assets and decreasing shareholder equity: xray, nwl, kim, hpe, glw, arnc +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If 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 + +# 🟣 [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! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +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 user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I'm new to crypto (less than 3 months), investing in some of the best projects (do not trade them) and I just wanna understand this - the $BTC value (and not only BTC) is moving every day the in same way. I'm thinking of this pattern and I cannot understand why - when the price hits **63-64K** is it trading (shorting) **ALL THE TIME**, drops to **60-61K** and wait for an institution or investor to bump the price to 63K again. Should I open a Futures Grid and earn some profit or there is more that I'm missing? +Here we have so many brilliant minds who could explain this! +Thank you! +I always hear the phrase "it's undervalued/overvalued, so I'll buy/sell" within the investing community, especially when someone says they paid "twenty cents on the dollar" to mean they had a 80% discount on the stock. How do you allocate a "modest valuation" to a company? +It got suddenly all quiet about Evergrande and housing bubble, but I keep following it ever since and it keeps getting spicy and more spicy. Some recent news for apes: + +*Hengda Real Estate Group Co., Evergrande’s onshore unit, will hold a meeting on April 25-26 with holders of its 8.2 billion yuan bond to vote on proposal for repayment extension, Hengda said in a filing. The proposal would extend interest payment for the period between April 27, 2021, and April 26, 2022, by six months until Oct. 27* + +Ah yea, can I also expand my debt repayment for a, hmm 6 months? LOL + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**For evidence, 2022 is much hotter for Chinese developers than 2021 was, even though it's less hyped as of now, everyone just talks about Ukraine. Here are some takes for smooth-brained apes that like pictures and crayons:** + +https://preview.redd.it/l1bde78ecmv81.png?width=1200&format=png&auto=webp&s=31cac51e2de55177c4d9cf7a8ef82f309206d5ef + +https://preview.redd.it/c5znmpogcmv81.png?width=1200&format=png&auto=webp&s=5ed13f57c580f21baa86cf36a1f239805fff9018 + +https://preview.redd.it/pkdoulkfcmv81.png?width=1200&format=png&auto=webp&s=43bbbf4874348f8069e95c572bc519dfe2dab7e7 + +* China CSRC Vows to Ensure Stable Operation of Capital Market +* China’s Plunging Markets Trigger Capital Flight +* Debt Insurance Costs Jump as Market Gauges Risk of Hard Landing +* Chinese Developer Shimao Sued by OCBC Over Outstanding Loan +* China Needs ‘Rapid’ Policy Steps if Any Market Rebound to Last +* Times China Says It Has Repaid Dollar Bond Due April 20 +* Evergrande Unit Plans Creditor Meeting on Payment Extension +* Zhenro Gets Approval to Extend Repayment for Bulk of a Yuan ABS + +\_\_\_\_\_\_\_\_\_\_\_\_\_ + +*Sources:* + +[https://www.bloombergquint.com/markets/payment-extension-proposal-zhenro-approval-evergrande-update](https://www.bloombergquint.com/markets/payment-extension-proposal-zhenro-approval-evergrande-update) + +[https://www.bloombergquint.com/china/china-s-restructuring-firms-staff-up-for-record-wave-of-defaults](https://www.bloombergquint.com/china/china-s-restructuring-firms-staff-up-for-record-wave-of-defaults) +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? +27yo Italian here that just bought a ticket to Iceland. + +Currently my wage is 6$ per hour. +Just sold my car to get pay a small debt of 2k with a relative of mine and currently having 1.3k in saving. + +I need to save some money because one day I would like to have a family of my own. + +I am young and I think I can take the risk. + +Do you have any suggestion or advice for me? I would really appreciate that. + +Have you ever went abroad to have a better job? What is your experience? +Can you + +Edit: due to some problem related with old age my grandparents are coming to live with me and mum. I think is better if I stay home helping them. + +Thank you for your beautiful comment and cheer +I find it strange that a loss making company is passing up the chance to raise additional capital with an IPO. Read in a few articles that it's a way to save underwriting fees but doesn't the benefit of raising more capital worth the fees? + +Is it because they know they can't place out the shares at their desired price? Not enough institutional demand? + +Interested to hear your views or insights into this. +So you may have seen the [post that is still currently on the frontpage of this sub](https://www.reddit.com/r/CryptoCurrency/comments/qf3eqg/coin_bureau_is_a_brand_owned_and_operated_by_a/) where a user raises questions regarding CoinBureau's and Guy's legitimacy. Multiple users tagged Guy, and he replied a few hours ago but I thought posting it would bring more awareness to his reasoning given that is answer was buried in the replies. + +Here it is. [Link to Guy's response.](https://www.reddit.com/r/CryptoCurrency/comments/qf3eqg/coin_bureau_is_a_brand_owned_and_operated_by_a/hhywt8f/) + +> Thanks for the tag. I don't know why this is a controversy, given that I answered most of it in a previous AMA here: + +> https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/guy_from_coin_bureau_here_ama/ + +> I thought it was obvious that we were a team. You merely need to take a look through my instagram to see all the other people behind the scenes. We work hard every day and night to provide the most honest and trustworthy crypto education we can. + +> With regards to the founding of the Coin Bureau and its history, I answered it here: + +> https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/comment/h8nw6zj/ + +> Yes, my friends started the Bureau and I decided to join them on the journey to grow the YouTube channel. + +> When it comes to the accusations of trying to "manipulate your opinion" or "shill to the highest bidder", I won't really dignify that with a response. Perhaps OP didn't see my Tweet from last week: + +> https://twitter.com/coinbureau/status/1451576240679395343?s=20 + +> It's literally *pinned to my profile*. + +> As to how we make money, I also covered that in the AMA: + +> https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/comment/h8o25wm/ + +> I have never *run a single ad* on YouTube. Here is a snapshot of our *lifetime* adsense account: + +> https://prnt.sc/1xa8atn + +> We don't do sponsored reviews and have a company policy against promoting any sort of leveraged trading. Every single product or service we talk about has to benefit our users first. And if my viewers don't want it, I'm totally cool with that. + +> Maybe they want to help out by buying a merch item, maybe they don’t. It’s entirely up to them and as long as they get something from the content we put out, I’m happy. + +> At the end of the day, we are here trying to give people the highest quality crypto content they can get. All that is free and I don’t place anything behind a paywall. There are other great YouTubers who do the same of course, who I have covered here: + +> https://www.youtube.com/watch?v=LoWOO3GtUBY + +> But I can't focus too much on what others are doing because my efforts are better spent keeping the channel going and doing what I love. + +> I think that the success and growth of it is testament to the quality of that content, and the impartial way in which we approach it. + +> Now, with respect to OP. I gather that he/she is an Algo fan. About 2 weeks ago, I made a video on Algorand vs. Solana. There were two inaccuracies in the video. That was mainly as a result of timing on the release of Algorand's announcement of the ending of accelerated vesting. It happened the day when the video was scheduled and we didn't pick it up. + +> However, after realising the error, I immediately started work on a new video that looked at the Algorand ecosystem and explained in the beginning that I was mistaken. I am happy to admit to mistakes when I make them - I’m only human, after all. +I realize cryptos tend to follow bitcoin, but I’m looking at the hour price graph of the top ~10 coins, and most of them seem to follow the *exact* same line. I’ve only noticed this during the dip this morning and the dip right now.. what would explain such identical movements??? Just curious here. +Hi All, + +I wanted to share a trend I'm seeing. I bought strat at 3 dollars, everyone was hyped that it could use C#, so easier for coders to get into than eth. shot to $12. Now at $6. + +I got excited about NEO at $7, shot over $50, now around $38. + +Lisk has recently started showing the exact same pattern. "It uses Javascript!". I encourage you all to make a quick profit, but all those people claiming this is "natural growth consitent with the tech"... + +You're all delusional. + +This is just the next round of mini-hype-bubble. I still hold neo and strat, and may pick up some lisk too, but these coins are not actually even remotely in competition with ETH at this point. Maybe one day, and that is certainly not a bad reason to invest now. But ETH is miles ahead in development and adoption. + +That being said, the next competitor to look at is EOS. Which actually probably has the best chance of genuinely competing with ETH one day, hype aside. Im sure that one will blow soon too for literally the same reasons. When the hype dies off it will drop again too. + +just my 0.02 ETH +&#x200B; + +# 🚀AICNC-PROTOCOL - we just had the craziest launch I think there has ever been on the Binance Smart Chain🚀 + +📷 + +Currently at a 532k market cap in less than 24 hours.🚀 + +An open-source and community driven static liquidity protocol which integrates artificial intelligence and IOT into blockchain. $AICNC is a revolutionary, AI-based cryptocurrency that will act as a backbone of our own ecosystem. The smart protocol is powered by the technologies blockchain, Internet of Things (IoT) and artificial intelligence. The devs are German, Swiss, and Austrian and have been doxxed. They have backgrounds in AI, Data Science and Web Development. + +With our new approach to advance blockchain with reinforcement learning and watch for stack grow with every transaction being made. We further believe that our AI-based protocol will drive the development of such autonomous business models as well as test cases and, with it, the digital transformation of industrial corporations into the blockchain sector on top of the BSC. At the end of the year we will be launching an artificial intelligence based auto trading machine, which will be free to use for $CNC Holders. + +**PancakeSwap V2 - Set Slippage to 15%** + +Quick TLDR: + +✅ Verified contract on BSCScan +✅ Doxxed Devs +✅ 99.90% burned +✅ 1M$ market cap +✅ 1,281 holders + +Links below: + +BscScan: [**https://bscscan.com/address/0x74d1ad6594338dcd1e467dc44c11237f12ae5580#readContract**](https://bscscan.com/address/0x74d1ad6594338dcd1e467dc44c11237f12ae5580#readContract) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x74d1ad6594338DCD1e467DC44C11237F12AE5580](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x74d1ad6594338DCD1e467DC44C11237F12AE5580) + +Website: [http://aicnc-protocol.org/](http://aicnc-protocol.org/) + +Telegram: [https://t.me/CryptonautCoin](https://t.me/CryptonautCoin) + +Contract address: **0x74d1ad6594338dcd1e467dc44c11237f12ae5580** +I don’t care if you’re team Bitcoin, Ethereum, Doge, Xrp, or Shitcoin #236. We’re all rooting for a decentralized future; a future without banks, a future without federal reserves, an economic independence. + +We need to stick together as a community if we want to see change. + +Fight the power. Fight the elite. Don’t follow anyone. Put your money towards what you think will help your children, your grandchildren , and their children. + +Fight for a better future. +https://fortune.com/2022/05/14/baby-formula-shortage-milk-monopoly-fda/ + +A baby formula shortage gripping the U.S. since March has parents in a panic over where and when they’ll be able to find the products they need to feed their kids. The out-of-stock rate, representing the amount of formula that’s not in stock compared to what’s typically available, was 43% for the week ending May 8, according to Datasembly, a provider of real-time product data for retailers and consumer packaged goods (CPG) brands. With no easy end in sight, caregivers nationwide have been forced to devote their free time to driving between stores in search of formula, prompting retailers to limit the number of cans customers can buy. Others have turned to Facebook groups and informal support networks to acquire the nutritional products that work best for their kids. “I've looked online, I have my mom in Boston looking, my mother-in-law in Florida looking,” Elyssa Schmier previously told Fortune about her trouble finding formula for her 8-month-old son. “Everyone we know is looking for us and no one can find it.” + +How did a baby formula crisis spring up in one of the world’s richest countries? Experts say a recall by one of the industry’s largest manufacturers, persistent supply-chain issues, and a market dominated by only a few players have combined to form what one consumer goods expert calls a “perfect storm” affecting the supply of essential formula to millions of babies across the U.S. And the shortage could last for months. + +Here’s how we got here. The baby formula market exists as a shared monopoly, with only a few manufacturers controlling nearly all supply. Abbott had an approximately 43% market share a decade ago, according to a USDA report from 2011 — the most recent number available. Little has changed since then. The company still maintains exclusive provider contracts in many states with WIC, the USDA’s supplemental nutrition program for low-income families, which makes up nearly half of formula sales nationwide. A few other manufacturers, including Mead-Johnson and Nestlé, also have WIC contracts and control the rest of the market. In addition to its highly concentrated structure, the baby formula market is difficult for another reason. Its demand is set by the nation’s birth rate, and the market has been shrinking for years. The number of births has declined every year since 2008, except for 2014, according to the U.S. Census Bureau. With only a few key players whose capacities are tied to a shrinking market, repercussions are inevitable when anything gets in the way of a certain product getting to store shelves. Other manufacturers are bound to struggle with an influx of new demand from consumers who can’t get what they’d typically buy. “The dilemma [manufacturers] have is that it's not a very lucrative market,” says Patrick Penfield, a professor of supply chain management at Syracuse University. “The only way you can grow your market share is if you’re aggressively going after competition.” Because Abbott is one of the biggest players in the game already, significantly expanding its share is not really an option. “If you can't grow your market share, then you look at how you can reduce costs,” says Penfield. “And sometimes when you reduce the costs, you may not have the right protocols or procedures in place to make sure that you're doing things properly.” “I’m not saying that's what Abbott Laboratories did,” he cautions. “But that would be an assumption of mine.” + +Abbott is not the only entity possibly at fault. “There's plenty of blame to go around here,” says Scott Faber, a professor at Georgetown University’s law center and vice president of government affairs at Environmental Working Group, a nonprofit aimed at empowering consumers. Faber sees the FDA itself as in part responsible for the shortage. The agency, he says, did not react fast enough to the whistleblower report and should have conducted a plant inspection sooner. “When a drunk driver causes a car crash, the drunk driver bears much of the blame, but so does the bartender who looked the other way while serving one too many drinks,” he says. When submitting the report for the record last month, Rep. Rosa DeLauro (D-Conn.) wrote: “I am equally concerned that the FDA reacted far too slowly to this report. The report was submitted to the FDA on Oct. 20, 2021. The FDA did not interview the whistleblower until late December 2021. According to news reports, FDA did not inspect the plant in person until Jan. 31, 2022, and the recall was not issued until Feb. 17, 2022.” The agency did not finish its inspection and issue observations to Abbott until March 18. The company says that it has been working since then to update its education and training protocols as well as its cleaning and maintenance procedures. “The FDA would not have shut down that factory if they didn’t find anything. So there's definitely some type of noncompliance that's going on,” Penfield says. Now the FDA is working to catch up to a crisis that seems to have been unfolding in slow motion for months. +[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! +At 19 I was delivering pizza through college. I remember saving up 3k before i went to study abroad and it was SO MUCH MONEY! + +I blew all that shit in Japan when It was so expensive to live. I taught English for meals between classes. + +At one point I was cleaning toilets at night, studying while working at a computer lab during the day, and delivering pizza on weekends between class. + +I remember smoking resin because I couldn't afford weed. God knife hits are the worst. + +I remember my first internship at a large firm, my intern roommate asked me if i could just give them "all the rent for the summer, so we didn't have to deal with collecting money" and he "had his paychecks sent to his apartment he kept over the summer during college.". I remember being fucking floored at the audacity of the situation. I drove down there in my 23 year old ford taurus with everything that I owned in my car. I laughed and told him I couldn't pay until I got paid. This was just 6 years ago. + +My first year with the firm I remember wondering how I'd get to the client site because I wasn't sure I'd have enough for gas going back and forth for the first two weeks until we got paid. + +&#x200B; + +I remember one of my roommate's dad's, a partner with the firm in another city thinking we lived in the ghetto during my internship. He was horrified. + +&#x200B; + +I remember my intern roommate thanking me for being the "ambassador" to the neighborhood because I hung out with my neighbors and BBQed and partied with them. They were BLACK OMFG YOU GUYS! WE LIVED IN THE HOOD RIGHT! It was pretty fucked up to hear that. The north side Chicago kid was always very cringe. + +This isn't about race, creed, or status. Sorry I'm just rambling now. + +This isn't an "up and coming" story. I've always thought of my life as very normal. I never really felt I had struggles more than the next. In retrospect I did more than some and less than others. Whatever. + +But yesterday I was sitting there, and I vaporized $150 and it didn't bother me at all. Ooops, caught the scalp on the wrong way and got about before more damage. + +It occurred to me that I paid my dog walker $150 a month to take my dog on hikes because I'm a fucking yuppy now with a busy job and we aren't usually at home all day. I broke even in that sense. But my dog walker? They're me not long ago. + +I honestly don't know what I would've done if this was happening 4-5 years ago. I'd assume I'd be getting support from parents, something I never really tried to ask for before, but I had a network of support, sure. But not everyone does. And I haven't really been in a situation where I've had to ask. + +I've lost money in my 401k. But I earned some back on PUTs watching the world burn. I have friends who are hoping to not get laid off. + +I'm lucky my company sells shit to grocery stores and my wife's tech company isn't going to fold. We have a nice income and live in a fine house and are able to continue our world remotely while others are completely devastated by the disruption to the local economy. + +So last night we ordered pizza and tipped 50%. + +Today we e-mailed our dog walker to tell her we'll keep paying her despite not walking our dog.The cleaning ladies will get paid too. + +sure I could save myself another $500 a month by not doing this. But I already am without going out to restaurants and using services. This isn't REALLY costing me anything. If I stop spending when my income isn't affected, I'm just hoarding cash and making money as the world burns. + +&#x200B; + +Be a bear, make money. Try not to root too hard to it, and if you do, do your part. Get the fuck out there and spend money on those that keep your neighborhood great. Order food from your favorite restaurant down the way, and pay the person walking your pets. Donate to a charity if you want. + +&#x200B; + +Whatever the fuck you do, don't sit here and make money and not give back. If you're hoarding tendies right now, you're a fucking asshole and deserve a ban. + +&#x200B; + +I know this sub is generally good about donations, but you don't have to just meme donate to an autism organization because its funny. There's serious issues with certain sectors of the economy, and we need to take care of those people. + +&#x200B; + +If $150 loss doesn't phase you for a second, think about spending that on your local people right now. It definitely is phasing them. + +Plus you get to eat fucking pizza and feel good about yourself and shit. Come the fuck on and get spending. + +&#x200B; + +\*\*TL/DR\*\* + +**Pizza, tonight. Pay your house cleaners and dog walkers. Don't be a greedy asshole and spread the god damn tendies. Plus you get to eat pizza and shit and feel good about yourself ya asshole. You may have been there once in your life. Just think about it.** + +There's no way to tell this story and not sound like a self righteous asshole but w/e, spread your tendies. +I'm 28 and I've saved £10,000 so far for my retirement but I have even more in debt. I earn £1200 per month after tax, bills and groceries. + +I have £5000 in loans from my family, £1500 credit card debt, £4000 that has been referred to a debt collector agency. Totalling £10,500. My credit score is less than 400 because of the £4000. + +My priority is to pay off the credit card debt, then family debt, then debt collectors. + +Should I use my retirement savings which I have to go through a special hardship request to take out or should I slowly pay off everything using my income which would take me probably 1 year to do if I do it as quickly as possible. The other thing is I'm a new immigrant to this country and starting from scratch as I have no possessions, family or friends here. I want to prioritize paying off my debt but if I do this through my income then I'm not going to afford anything else. +So we are moving to the UK with my wife and baby girl. We won't apply for any child benefits because we would lose the current benefits in our current country. My wife is not going to work for at least another year or more. I'm thinking about getting a credit card, but I don't know anything else about UK finance stuff. I just started reading forums. Any help is appreciated. + +EDIT: The tenancy will cost around £900pm and I'll work from home. +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. +Hello, + +I work in the Pacific Northwest in world of Real Estate Management. I've been with my current employer for 2 years and just successfully leased up a building in record time. I've been making lots of money, learned quite a bit, have made myself known as an effective employee, and have come to enjoy the frenetic pace of the lease up environment. My current building is stabilized and nearly full, so I applied for and was offered a job with a different company at another lease up nearby. It's a new job title (my first management position) and a 15% raise. I accepted. I would have considered staying with my current company but my regional manager was very hard to get in touch with to explore opportunities within the company, which was frustrating. + +I put in my 2 weeks notice the day after accepting the position. Today, I got a call from someone *very* high up in my company. I was actually a little shocked to hear from him because I work for a large company and I never really thought I'd ever have a reason to speak to this person. He talked me up, sang my praises, stroked my ego, and proceeded to offer me the same job title with the same pay to stay where I'm at with the condition that after 6-12 months I would be groomed to be a property manager in the big city nearby. They also offered me a $1000 bonus to stay on as an employee. + +Despite the flattering phone call and the offer match, I am leaning towards working for the new company. This company is much smaller, but is growing very rapidly and seems to have equally good growth potential. I'm a little bit skeptical about the promises my company made me. My question is this: **In your experience, do you think I'm being told what I want to hear or do you think that given the fact that a big wig took 30 minutes of his day to call me, that they're serious about my career growth? Also, I've already signed the offer letter for the new company. Obviously it's not binding, but if I choose to move on to the new company, do you think I can squeeze a bit more money out of them if I show them the match from my current company?** I've never been in this situation so, honestly, I'm kind of unsure and intimidated. + +Thanks for reading. If I need to expound more on anything let me know. +First of all do not shut down your brain, even if its a smooth brain. Do not trust anything unless the DD is crosschecked or do you own DD. Think if something makes sense, before you give your upvote! + +Lets dig into this post, how it's manipulative and how its statements just don't make any sense at all. + +[FUD, intentional or unintional, will never disappear until MOASS](https://preview.redd.it/evjz68dwrfl71.jpg?width=1107&format=pjpg&auto=webp&s=add8fce6d7d6d8b81657cba0fc6f70cae095c5ac) + +&#x200B; + +**Hard indicators of FUD/Manipulation:** + +1. The title: "Cannot give awards, WTF!!!" therefore the system is rigged and they try to prevent the truth from leaking out: +**Sign of Manipulation, Reddit has constantly issues** +2. The title: Call to action: "Try to upvote" (to see if it is working to see if it is working): +**Sign of Manipulation** +Upvote posts where you think the content matters +3. Awards where given pretty quick: In the first two hours not only received the posts an extreme amount of awards, but "general" comments without any value where pushed with multiple awards within the first minutes of the post: +**Sign of Manipulation** +4. The original OP of the comment mentioned that he received countless anonymous rewards: aka "DFV wants you to have this post seen".This can be used to pump FUD as well! +**Sign of Manipulation** + +&#x200B; + +Lets talk about the content and common sense! + +**Why the pushing dead stocks theory just does not make any sense** + +1. If you have shorts you don't own stocks, you owe them +2. If you have million of shorts - a rising share price creates margin pressure because you owe more +3. SHFs try to never cover their shorts - as Mark Cuban said +4. SHFs have millions of shorts which they need to propably roll over regulary and/or hedge properly or might even be forced to close them based on regulation +5. SHFs are long on millions of other stocks - they pump and dump them to get people to FOMO buy every day. +However dead companies like SEARS **cannot** be bought with most brokers (retail can hardly buy these stocks and why should they?) + +&#x200B; + +**Statements which make sense, but are somehow FUD nonetheless:** + +1. SHFs might try to never cover their shorts, but they only do this because it is cheaper, not because it is free. Cheaper to roll over the shorts constantly rather than to pay taxes: +**This does not mean, that they are not bleeding money by shorting actively traded stocks like GME.** +**They are bleeding constantly (Short interest, interest for the swaps, hedging) !** +2. MOASS can be triggered by the system itself because of margin pressure. +This might be true, but there are countless other ways how SHFs are forced to close their shorts: E.g. an issued NFT dividend. + +&#x200B; + +**TLDR: Do not directly trust everything you read on the internet.** + +**Just apply some common sense: An increase in price of a stock you shorted creates additional margin pressure.** + +&#x200B; + +Gonna go back to buy and hold for as long as it takes. +**For me personally it's: NO CELL, NO SELL** + +This is not financial advice as I am a smoothbrained banana loving APE. +I've been on the FIRE path for about a year now. Over time I've gotten more and more curious if there are any others out there like me (millennial aged Black-American) who are also walking the FIRE path, so I thought I'd ping the community and see who responds. If you're in the Orlando, FL area please let me know, I'd love to meet and talk. + +EDIT #2: + +Thank you everyone for all the great responses! I'm thrilled to see that there are more of us out there than I thought. I'm getting around to responding to all of you (either in thread or DM), though the given the number that's going to take a bit LOL + +EDIT #1: + +So it looks like I have to stress that the point of this thread is NOT to trigger a discussion on privilege or racism, though I suppose that was inevitable given the current climate. For this thread, what's being asked is what's being asked. +Just curious to learn from others regarding the upside to Boeing stock. I just started a position on Thursday at $236.50 + +Their pipeline of future sales especially the 737 max seems to be full. I realize they still have a lot of proving to do regarding their safety record. But it seems to me that the confidence of the airline industry is behind them since their inventory has been swallowed up by many of the big carriers needing planes. +Elon Musk said Tuesday he’s met his goal of selling 10% of his stake in Tesla Inc., and criticized California for “overtaxation.” In a nearly hourlong podcast interview with the satirical website the Babylon Bee, the Tesla TSLA, +4.29% CEO said: “I sold enough stock to get to around 10% plus the option-exercise stuff, and I tried to be extremely literal here.” + +According to a Securities and Exchange Commission filing, Musk exercised 2 million more options and sold nearly 584,000 more Tesla shares Tuesday, bringing the total number of shares sold over the past month-plus to about 13.5 million — slightly shy of the roughly 17 million shares that constituted his 10% stake as of Nov. 7, when he posted a Twitter poll asking whether he should sell. He’s made more than $14 billion in those sales. But over that time he’s also exercised options to buy about 16.4 million stock options at about $6.24 a share, actually increasing his stake in the electric-auto maker. + +Musk also tweeted Sunday night that he will pay more than $11 billion in taxes this year. That equates to about 8.06 million of his recently sold shares going to his tax bill on stock options set to expire next year. Musk, who has insulted top Democrats in recent weeks who have called for him to pay more in taxes, took a parting shot at California’s high taxes. + +“California used to be the land of opportunity and now it is… becoming more so the land of sort of overregulation, overlitigation, overtaxation,” he told the Babylon Bee. + +This year, Musk moved his residence and Tesla’s corporate headquarters from California to Texas, which has significantly lower taxes. Musk is the world’s wealthiest individual according to Bloomberg’s Billionaires Index, with a fortune of about $245 billion — up nearly $89 billion this year alone. In Tuesday’s podcast, Musk reiterated that his wealth is tied up in stock. “It’s not like I’ve got some sort of massive cash balance,” he said. Tesla shares gained more than 4% Tuesday and are up 33% year to date. The company’s stock has soared more than 1,100% over the past three years. + +[https://www.marketwatch.com/story/elon-musk-says-hes-sold-enough-tesla-stock-to-satisfy-his-10-goal-11640149728?mod=mw\_quote\_news](https://www.marketwatch.com/story/elon-musk-says-hes-sold-enough-tesla-stock-to-satisfy-his-10-goal-11640149728?mod=mw_quote_news) +Hello, r/fi + +I had posted this earlier and then removed it as I thought that it sounded too boastful. I’m just sharing to feel included. I can’t tell this to anyone I know IRL so sharing here with people who maybe understand some of this. + +Yesterday was rebalance day, I got rid of some funds and simplified my portfolio a bit and also reallocated some cash and bonds towards equity, and, found that for the first time in my life I have more than 500k in the markets. + +I’m also almost half of the way there with my goal. So it warrants a milestone post. + +I feel a bit queasy at this milestone. I don’t know if this is good or bad or if it will pass. People with larger sums in the markets, does the anxiousness go away? + +Im a regular 35 something software engineer drone at a megacorp. Job is a drag but pays well. I’m in the eu so all numbers are in EUR and represent the combined assets of me and my wife. + +I Started 8 years ago with less than 10k. + +2010-2013 + +Got introduced to r/fi and read the ERE book. +Saved on average 50k and got rid of expensive stuff and hobbies, got into minimalism for a bit and lived in extreme simplicity. + +This period was the most frugal I have ever been. Lived with one pair of jeans and only wore swag, ate at campus, packed food to home didn’t go out or on dates etc etc. found a likeminded woman so was easy to not go on expensive dates or vacations. + +2014-2015 + +Got married and became a bit more reasonable about expenses, income doubled with combined finances and frugal lifestyle. Saved about 70k per year(we decided to live within one income and saved the other). I bought a small studio, which is now completely paid off. + + +2016-2017 + +I got lucky with a startup exit and got a 300k pay off. Also started saving about 80k from regular salary plus bonus each year. + +2018 + +A bonus and Some stock sale round up the numbers. Total 800k. Equity:500k + +I’ve not spent a single day when I don’t worry about not making it to the FI number. Or what the number should be. I worry about the value of stocks and the interest rates and macroeconomics and the trillions of QE by ECB and FED and what it means for my next 50 years. I worry about my peers who seem to be grinning endlessly about some joke that I don’t understand. + +Thanks for reading. + +Numbers: https://imgur.com/a/pIGUVpO +I (23f) am currently working full time at $15/hr. A recent emergency completely wiped out all of my savings and I had to cash out all of my investments other than my car. I am starting from a literal $0 and honestly I have no idea where to start. I currently support my significant other as they are unable to work full time. I pay about $950 in monthly bills not including food which I normally budget out to 150 a month. I am also a full time student so I pay off the interest of my loans as well as books. Without my savings to fall back on (I'm lucky i had it to begin with it) I'm not really sure where to begin. I havent been able to save anything since the emergency happened and I'm looking for ways to save up and what i really should be spending it on. Everything that i spend on is necessary such as insurance, food, rent, etc. What should I be doing better? + + +Edit: Thank you all for responding. I only get on reddit everyonce in a while when I get a chance, but I work nearly constantly and I am doing my homework and schooling when I am not so thank you for being patient with my responses. My SO has a part time job that does help out with some of the bills, I am covering what they can't, and if they ever need extra in an emergency, their family is helpful but we can't and do not want to put any extra pressure on the family for help. I'm looking for personal advise as I am independent from my family and I am worried if there was another emergency that I would be in trouble. + +You guys have been helpful, and I am looking for advise mainly on second job options, what I should be looking for in future career opportunities, if i should stay in school or work more for a temporary time, and how to save based on what I make. I don't know if I am eligible for state said because of what I make but thank you for that suggestion and I will look into it, as well as the suggestion on selling plasma. +I live in constant fear of an appraiser coming back with a crazy low number for any rental property refinance. I recently did about $60k of work on a distressed property including a new roof for a 2 car garage, new bathrooms, kitchen, drywall, flooring, electrical and more. The house was a DUMP before. + +I got a bit of advice on improving appraisals and was directed to guidance from the [National Association of Realtors](https://www.nar.realtor/sites/default/files/handouts-and-brochures/2014/FAQ_Appraisal_brochure_0114_Electronic_Desktop_vFinal.pdf): + + "Prepare an “Appraiser’s Package” in advance and have it available for the + appraiser at the property. The package could include plats, surveys, deeds, + covenants, HOA documents, floor plans, specifications, inspection reports, + neighborhood details, recent similar-quality comparables, detailed list and dates of + upgrades, remodels and costs, and energy efficient green features. Meet the appraiser + at the property and answer any questions an appraiser might have about the property + or neighborhood. Allow the appraiser the necessary space and time to complete the + inspection." + +I have provided my loan officer with all pre and post rehab pictures, as well as our line-by-line scope of work and a signed contract with the rehab company for doing that amount of work. + +**Does anyone here have any strategies for helping an appraiser see the value we have added?** + +EDIT: Downvotes for an honest question? GFY. +I've been sitting on around $450k+ in cash which I've ended up consistently re-directing to buy some (overvalued) stocks and crypto in absence of buying the *right* Buy-and-Hold property. Anyway, I own my 7 properties/18 doors on West Coast and am looking for other markets given the more tenant friendly tax laws in CA, OR, and WA. + +Anyways, I'm been fatiguing a bit as there are so many markets and so many opportunities out there. I've somewhat thought to resign to just stay in the markets I know, given all the options. I hear about all the other markets - KC, Milwaukee, Atlanta, Raleigh, Phoenix, Indy, Columbus, Boise, Memphis, etc... , but which market? where? Thoughts? + +&#x200B; + +1. Stick to my current markets and deal w/ the tougher landlord laws and lower cash flow. I know my markets and the folks, but want some diversification. +2. Just choose some markets and GO FOR IT! Again, I feel taking some action is better than no action. Do the research on the market, find connections, and management, and move forward. +3. Find a mentor and get some direction. If so who? where? Find someone who matches my profile on BP ? +4. Pick cities out of a hat? :-P + +Anyway, a lot of rambling, just a little irritated that i've sat on the sidelines while there are always opportunities. Any feedback is welcomed! + +Thanks! +I'm looking to start building a portfolio in rental properties. I feel like I'm close to pulling the trigger but I'd like some general advice. + +What are some of the mistakes you guys have made while building your portfolio? +My trusted advisor and beloved real estate agent always steers me away from the glossy allure of a $30,000 bank owned trash dungeon. + +Please tell me why she does not let me set foot inside these risk laden, precarious gold mines. Tell me your tales of horror and deceit from the darkest “sold as-is” section of trulia descriptions. What’s the worst that could happen? + +Folklore and urban legends welcome. +I have been reading this sub for a while and it has me excited to get skin in the game as soon as possible. + +I am 21, will be graduating college in the spring with an engineering degree, and have a job lined up making about 70k. I will be graduating without any debt and want to know the first steps I should take. I will only have about 2k saved when graduated; I may be debt free but I’m not loaded. + +I have never had a credit card and really do not want one, but if it’s something that provides enough advantages for getting loans then I will. My initial thought after graduation was to live in an apartment for a couple years, save a lot, and buy a duplex or triplex of some sort to live in one part and rent out the other. If there is a way I could expedite this process, maybe get a place straight out of college, that would be great. Unfortunately my job is in the DC area and the cost of living is relatively high. I am also curious if there are better paths I could take that I could start out in. + +I am wondering what are some options and stuff I should start doing now to prepare myself to get skin in the game as soon as possible. I’d love to build a solid portfolio by the time I am 30 to where I can do real-estate as a full time job. +Hello, + +I have a property that I rent out. Sometimes the tenant complains about some small things such as a garage door not working properly, light bulb that went out (it's pretty high up, they would need a tall ladder and that sounds like a liability nightmare to me), cracked transition floor piece (was broken prior to them moving in and I did a crappy job at fixing it). + +I am thinking about hiring a handyman to take care of these small issues. I found a couple guys in the area via thumbtack, per thumbtack they passed background checks. + +My question: + +* Should I run my own background checks on them? Is that weird to request from them? +* Is auto insurance liability proof enough for a handyman? + +I want to make sure that my tenants are safe and also make sure the handyman has coverage if they were to fall off a ladder, etc. + +How do you handle these types of situations if you use a handyman? + +BONUS QUESTION! + +Also, I am looking to use a property management software, I am going to demo "tenant cloud" today, right now I am doing everything in spreadsheets. Anyone have any recommendations for a property management software suite to look into? + +&#x200B; + +I appreciate any help the community can provide. Thank you. +Let me preface this by acknowledging that the real estate world isn't one I know much about. + +I am going to inherit a commercial building in about a year. The building is debt free, but will have some maintenance items coming up (roof, etc...), though I don't think they are immediate. + +THere's a single tenant paying a bit over $2k/month in rent and they pay the taxes and have insurance. I assume I'll need a policy as well, but don't know the cost yet. + +The building is an odd layout and finding a tenant hasn't always been easy, though there is a good one now. It is pretty universally agreed upon that the building is worth about $500k but that it isn't going to go up. The layout is odd, the parking is poor, the location isn't stunning, etc... all the greatest hits :-) + +Using rough math and easy numbers....if I was to retain $2k/month (maybe optimistic with expenses) that's 24k/year, or a 4.5% return without much growth chance and the knowledge that some larger ticket items are looming. If I save for them out of the rent, the return gets even lower. + +This $2k/month makes a big difference to my family. We have kids and it helps save for college and gives us a nice buffer. + +It seems like knowing that the property isn't going up in value, and the expenses, etc... I should consider selling and investing the money hoping the long term gains (forgetting short term volatility) make a stronger financial picture for my family. + +I'm curious of the opinion of more experienced investors....what type of return do you look for? Is the bulk of the value in having the mortgage paid by rent and gaining equity in the building? Is appreciation factored into the investments? + +I'm a bit confused. +I’m fascinated with how the Buffett Indicator has done so well to predict an over valued market leading to a crash in the past. But the Buffett Indicator has been saying we should be crashing for the last several years. Even when you correct for inflation and trend line, it’s still predicting a crash. So what gives? Hopefully someone smarter than me can weigh in. But one thing I noticed is that the trend line of trading volume is higher now than when the Buffett Indicator was doing a good job. Does the Buffett Indicator need to be normalized to trading volume? + +Edit: I can’t spell +* **HP’s cost-cutting gesture comes three years after it reduced headcount by up to 9,000.** +* **The company reported weakness in commercial and consumer PC sales during the quarter that ended Oct. 31.** +* **HP also issued light earnings guidance for the new 2023 fiscal year.** + +Computer maker HP Inc. said Tuesday that it plans to cut 4,000 to 6,000 employees over the next three years. Shares rose as much as 1% in extended trading following the announcement. + +HP is the latest technology company to announce its intent to slim down given economic challenges. Facebook parent Meta, Microsoft and Salesforce are among those that have made similar changes. HP is responding after a deterioration in the sales of computers, which followed brought on by the Covid pandemic, where people rushed to buy computers to work and play from their homes. + +In a statement, HP said it expects the changes to result in annualized gross run rate savings of at least $1.4 billion in the next three years, with around $1 billion in costs including restructuring. Of that $1 billion, $600 million will come in the fiscal 2023 fiscal year, which ends Oct. 31, 2023. The rest will be split evenly between the 2024 and 2025 fiscal years, HP said. + +As of October 2021, HP had around 51,000 employees. In 2019 HP announced that it would eliminate between 7,000 and 9,000 employees. + +HP said revenue in the fiscal fourth quarter, which ended on Oct. 31, declined 0.8% year over year to $14.80 billion. Revenue in the Personal Systems segment, which includes PCs, fell 13% to $10.3 billion, as units dropped 21%. Consumer revenue in the segment slid 25%. Printing revenue, at $4.5 billion, was down 7%, as units fell 3%. + +In the previous quarter, Personal Systems revenue declined 3%, and Printing revenue moved down 6%. + +Also on Tuesday HP announced downbeat earnings guidance. + +The company provided a range of adjusted fiscal first quarter earnings from 70 cents to 80 cents per share, below the consensus of 86 cents among analysts polled by Refinitiv. + +For the 2023 fiscal year, HP called for $3.20 to $3.60 in adjusted earnings per share, below the Refinitiv consensus of $3.62 per share. + +&#x200B; + +Source: [https://www.cnbc.com/2022/11/22/hp-laying-off-4000-6000-employees-globally-over-the-next-three-years.html](https://www.cnbc.com/2022/11/22/hp-laying-off-4000-6000-employees-globally-over-the-next-three-years.html) +I see a lot of posts of people claiming property prices are about to fall significantly, I don't think prices will drop much in the short term and it certainly won't be as catastrophic as 30% falls for a few reasons; + +\- The government has made it clear they will do anything they can to prop up the economy and especially the housing and construction sectors. At this point I wouldn't be surprised to see superannuation released as part of a home buyers scheme. + +\- Supply of for sale homes is likely to stay low before any crash comes as people and government do anything they can to avoid selling for a loss. + +**And the biggest reason imo;** + +\- The stimulus that has been used so far has led to a lot of people with a significant amount of extra cash then they had pre-Covid. Especially small business owners who aren't particularly impacted by Covid, they are all receiving up to 100k in PAYG Cash Boost by EOM, September. That's a deposit right there. Add JobKeeper, which is subsidising employee wages, as well as Australians stuck at home and saving for the last 6 months to that and you have a potential oversupply of new buyers. + +I just can't see the falls coming. +I'm not married. But I see a lot of posts listing spouses income as well etc, etc. + +It seems people in this sub are planners by the very nature of being here. + +Do people hedge their bets so to speak? How common is that? +Friend I met here on reddit. + +Had a bunch of money in bitcoin last year. I told him not to do it, but he sold it ALL.....for EOS..... + +He held EOS for like 6 months from july 2020 till roughly late February of 2021(EOS price has barely grown 100% in 6 months which is terrible for a shitcoin). + +Bitcoin hit $57K, he thought it was the top. Sold ALL his shitcoin EOS when bitcoin hit 49K during a brief dump. He thought bitcoin was "old and slow". I told him it was still the undisputed,uncontested king. + +***Then he REALLY FUCKED UP and shorted bitcoin at $47K......*** + +*Don't be like him, sell shitcoins, HODL Bitcoin. Don't short bitcoin.* +Something that has become very popular in the retail trading space is looking at the flow for "unusual" volume. Lets say the average call volume is 1,000 per day, and an order comes in for 1,500 call options, this would get flagged and thought of as a "bullish" bet. + +As good traders, we should dissect this idea and determine whether or not we should actually be putting our money behind it. + +**Reasons to bet on unusual call volume:** + +\- Buying a call is a bet on the stock going up. + +\- Buying a call is a bet on the stock going up with more volatility than the market implies. + +\- It "looks like" someone is betting on the stock going up, fast. + +**Reasons to NOT bet on unusual call volume:** + +\- What if they bought a call April, and sold a call in May? Now their view is on forward volatility, not direction. + +\- What if they bought a call on stock XYZ (which gets flagged as unusual option volume), but they also bought puts? Now their view is on volatility, not direction. + +\- What if they bought a call on stock XYZ (which gets flagged as unusual option volume), but they also sold calls on stock ABC? Now their view is relative value, not direction. + +\- What if someone is selling a call spread? It would double the volume on the call side, but its actually a BEARISH bet! + +\- We can't actually derive what the VIEW someone is expressing actually is simply by seeing an "unusual" order coming in. + +**Here's a funny personal story.** + +Last week I completely dominated the chain on a stock. I was basically the whole volume on some particular strikes/expiries. + +The calls that I bought were flagged by some of the big guys on twitter as unusual option activity. It was truly my "I have made it" moment. + +But the funny part? + +Everyone is looking at that trade thinking I placed a bullish bet. When in reality I was trading something completely different. I had bought puts too. I had NO view on direction. + +This is a prime example of the dangers here. Following my "call flow" because it got flagged, was not following my trade, or view. + +**Conclusion:** + +**Seeing an order come into the market without any idea of who it is or what their view they are expressing is dangerous. If we can't see the whole picture, we need to be careful.. our money is on the line :)** + This subreddit is highly focused on index funds but I would like to share my thoughts on how to beat the market with an active approach (i.e. by not buying index funds - not active as in day/week/trading) to investing. My hope is to get a discussion going where the active investors of this sub can share their thoughts on the markets and give tips to other investors. + + I am a firm believer in the classic value investing statement: You can't beat the market if you think like the market. To beat the market you have to think outside the box/be a contrarian and most importantly: be right in your contrarian views. If the market thinks something is going to grow a lot over the next years, the market price will reflect that. Tesla is an example. It is priced for perfection and you can't expect outperformance (in the short run maybe but not in the long run) unless it tops these crazy expectations. Therefore I mainly look for value in places where the investor sentiment is neutral or negative. Over my five years as an investor I have found only a handful of stocks (nine to be exact) where my views differed greatly from the market's view and where I had a strong belief that I was right. Nine stocks over five years doesn't sound like much but they have delievered sizeable outperformance compared to my benchmark. + + One of the ways I improve my chances of having a correct contrarian view is by focusing on less followed stocks. If you invest in highly followed stocks you have to have an opinion about the future that is better than 10+ professional analysts. I don't like those odds. Therefore I focus mainly on small caps and smaller mid caps with only a few analysts (if any at all). Small companies are on average subject to a higher degree of mispricing and provides great opportunities for investors who are willing to dig deep and do original, quality research. My research process is long and thorough but can be summed to this: "What is the company's intrinsic value and how sure am I in my estimate? What can reveal the true worth of the company (catalysts)? What are the risks (how much can I potentially lose)?" + + + As written: I hope that other active investors will join and share their investing philosophy/process/other thoughts! + + +Salutations Apes. I saw a purple whale and took it as a sign. It's time for a DRS numbers update. + +Overall, I've identified 1658 portfolio posts and 391 direct stock purchase posts, not including when an ape posts the same screenshot to multiple subs. + +Here's a graph showing how many portfolio posts are made each day. + +NOTE: This do not include direct stock purchases and today is not over. + +[ComputerShare portfolio posts to Reddit](https://preview.redd.it/ipiwjn6t1hs71.png?width=800&format=png&auto=webp&s=ee6140be8b32c31f9e9dc8628256f9126fcd090a) + +Here's a tally of shares from those screenshots: + +[ComputerShare portfolio GME shares](https://preview.redd.it/duscqr442hs71.png?width=800&format=png&auto=webp&s=44ad21e0af6546cc607c1f2d55d982fd7cf553c8) + +How about the distribution of X, XX, XXX, XXXX, and probably soon XXXXX holders (this includes direct stock purchases): + +[Not A CAT](https://preview.redd.it/rdc4ilj13hs71.png?width=1600&format=png&auto=webp&s=3e8aa5daa83594e370cddb155379c537ed4acda9) + +# Tit Jacking Numbers: + +I've identified **1809** ComputerShare Accounts with **198,040** shares in them. That's an average of **109.5** shares per account. The median account has **30** shares in it. The standard deviation is **420** shares (nice). + +# Methodology Overview + +Software does most of the heavy lifting, but I **manually review every single post** to ensure data accuracy. (It takes a while) + +When I encounter an Ape that has made a direct stock purchase, then later shares their portfolio, I count that as 2 ComputerShare accounts, even though that isn't always the case. I also 0 out the purchase, since the value of the purchase is included in the portfolio. + +When I encounter an Ape that has shared multiple portfolio images, I only keep the highest one. + +When I encounter an Ape that has shared multiple purchases, I add the values into a single ComputerShare account. + +# Code and Data: + +Data: [https://drive.google.com/file/d/1oTqhILr5HRcB9vTAMQXVMg3XUg0Vplv5/view?usp=sharing](https://drive.google.com/file/d/1oTqhILr5HRcB9vTAMQXVMg3XUg0Vplv5/view?usp=sharing) + +Code: [https://drive.google.com/file/d/1L5ixCwRiyvBnXPjcJd8P5TQ8T9VxVoY0/view?usp=sharing](https://drive.google.com/file/d/1L5ixCwRiyvBnXPjcJd8P5TQ8T9VxVoY0/view?usp=sharing) + +&#x200B; + +# Cheers! + +DISCLAIMER: + +I am NOT encouraging anyone to post their purchases or portfolios 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. + +TADR: 🦍🦍🦍🦍🍌🍌🍌➡️💻🪑📈 +As the title says. + +The new limit is 600%. I tried testing this by setting a limit sell for 1 share at the current price of 160.00 , 600% = 960.00. + +I entered this and it accepted. + +Looks like Fidelity FINALLY updated their shit to allow us apes get our tendies when the time comes. + +Don't believe me? Test it out for yourself. + +&#x200B; + +Of course cancel that shit after you test.. no one in their right mind would sell at 960 anyhow.. + +&#x200B; + +Edit: Wording/Sp. + +&#x200B; + +EDIT2:: Seems I was off a tad.. and my apologies, the limit is indeed 500% and not the 600% I thought I calculated. + +[https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle\_fridays\_change\_in\_limit\_order\_pricing/](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/) +[‘How can you not be’ bullish on Peloton, trader asks ahead of quarterly earnings](https://www.cnbc.com/2021/08/26/peloton-earnings-trader-sees-a-potential-50percent-rally-back-to-old-highs.html) 3:38 PM + +[Peloton shares tank after cycle maker posts disappointing earnings and outlook; cuts Bike price](https://www.cnbc.com/2021/08/26/peloton-pton-q4-2021-loss.html) 4:03 PM +I was going over past media coverage of $GME. You all remember this bit by Cramer https://youtu.be/toIi8kPU0m0 + +I noticed that he's not actually talking to us, the retail investor. Instead, he's talking to our family, friends and our social network. The people who tend to listen to him, the ones who want to be saved by the Fed Resrve and Wall Street. The ones who have so much to lose. Let's be honest, since when the retail investor turns on the TV to see his bits (maybe I'm wrong, tried looking up demographics for Mad Money with no avail - prove me wrong pls). His tactic (including the media) is simple "psychological coercion" in a way to build walls between us internally and between our loved ones and families. Like the other day a colleague of mine asked me "are you still buying that gme stock". I lied and said "nah I'm broke". He replied back "ya I wouldn't recommend this shit". + + +Source on psychological coercion: https://www.theneurotypical.com/psychological_coercion.html + + +How Do They Work? + +The tactics of psychological coercion often involve anxiety and stress, and fall into seven main categories (snippets of the ones that stuck out to me). + +2. Establishment of control over the victim's social environment, time, and sources of social support by creating social isolation; removing contact with family and friends who promote self-esteem, independence, positivity, and sense of well-being. Economic controls may contribute. + + +4. Forcing the victim to re-evaluate the most central aspects of his or her experience of self and prior conduct in negative ways. The victim is made to feel like a "bad" person. Efforts are designed to destabilize and undermine the subject's basic consciousness, reality awareness, world view, emotional control and defense mechanisms. The subject questions, doubts, and reinterprets his or her life and adopts a new "reality." + +5. Creating a sense of powerlessness by subjecting the victim to intense and frequently confusing, conflicting actions and situations which undermine the victim's self-confidence and judgment. + +My suggestion, don't tell anyone about your investments (including family) - keep everything private. when in doubt (hope by now you're not) keep coming back to the DDs and the wrinkled brains. + +More shares coming for me. This is just my opinion - do whatever the F you want to do. +Or are we doing something wrong.. + +We have 2 kids and in comparison to our neighbors, (who also have kids), we put out about 2-3x the trash and probably 5x the recycling on a regular basis. + +Since we just had Christmas I hauled out 3 full trash bins (the ones with the wheels) and roughly 5 of those of recycling. The trash bins were about half styrofoam luckily. + +I have a couple of main suspicions — my wife got the kids addicted to canned soda water, so that adds a lot. Plus we order everything we need online so there’s always cardboard boxes. + +It’s hard to think about how to cut it back since I personally contribute to about 2% of it. If anything I would like to somehow make sure as much of it as possible is not just going to a landfill, but everything I’ve read about the state of recycling etc is rather depressing + +Not sure if anyone else is experiencing this +There will be an Annual Shareholder Meeting in June 2021. That's where votes on decisions about GME will happen. It might all go exactly as RC wants. If the Board agrees to decisions then big changes can happen then. If the Board does not agree then the changes Ryan Cohen wants can still happen but not until after the Standstill period ends which would be around March 1, 2022. + +[Agreement between GameStop and Ryan Cohen - January 11, 2021 8-K ](https://news.gamestop.com/node/18396/html#a101-gamestopxsettlementag.htm) + +**Shares** + +As of January 11, 2021 Ryan Cohen owned 9,001,000 shares, or approximately 12.9% of the Common Stock issued. + +This percentage matters because when someone owns 15% of GME then they are an "interested stockholder" and there are burdensome legal requirements and restrictions on activities between the large shareholder and the company. [The agreement](https://news.gamestop.com/node/18396/html#a101-gamestopxsettlementag.htm) expands the percentage to 20% without triggering this. In exchange RC is agreeing to not do a hostile takeover. + +Note the difference of 12.9% - 9,001,000 shares and 19.9% shares - ~13,930,000 We don't know if or when RC will purchase shares up to this limit. + +**Composition of the Board of Directors** + +- The Board temporarily increased from 10 to 13 directors, This created three vacancies filled by Alain (Alan) Attal, Ryan Cohen and James (Jim) Grube. The terms expire at the 2021 Annual Meeting probably in June 2021 + +- Mr. Attal was appointed to the Compensation Committee of the Board, Mr. Cohen was appointed to the Nominating and Corporate Governance Committee of the Board and Mr. Grube was appointed to the Audit Committee of the Board, + +- Current Board members Lizabeth Dunn, Raul Fernandez, James K. Symancyk and Kathy Vrabeck will not stand for reelection at the Annual Meeting. + +- The planned slate of director nominees for the Annual Meeting are: Alan Attal, Ryan Cohen, Paul Evans, Reginald Fils-Aimé, Jim Grube, George Sherman, William Simon, Carrie Teffner, and Kurt Wolf. + +- If a Board member must be replaced during the Standstill Period and RC owns at least 4.0% of the Company’s then-outstanding Common Stock and (y) 2,789,878 shares of Common Stock RC can recommend a person to be on the board (clairfication: to replace RC, Attal, Grube or other Replacement Board members - if needed. Thanks u/OG_Kushions) + +- Ryan Cohen is not accepting any compensation as a Board member + +- RC cannot seek, alone or in concert with others, representation on the Board, except as specifically permitted + +From u/YouAreAPyrate + +- The Slate of Board Members is not definitive. [From the 3/23/21 ER](https://news.gamestop.com/node/18661/html#i3ad65c8584a445ee94e4314f67ce616c_109) + +>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. + +**Ryan Cohen agreed to a Standstill Period.** + +Standstill Provision + +From January 11, 2021 until either 30 days before the deadline for the submission of director nominations by stockholders for the Company’s 2022 annual meeting OR 120 days before the first anniversary of the 2021 Annual Meeting whichever is first. So around March 1, 2022 + +*Calculation of time* +If the meeting is June 1, 2022 and the nominations must be submitted 60 days before that April 1 then the 30 days prior to that would mean March 1, 2022 +or + +If the meeting is June 1, 2022 the 120 days before that is March 1. + +**Limits on what Ryan Cohen can do during the Standstill Period** + +During the Standstill Period, Ryan Cohen cannot: + +- nominate or recommend for nomination any person for election at any annual or special meeting of the Company’s stockholders or otherwise seek representation on the Board + +- submit, participate in or be the proponent of any proposal for consideration at, or bring any other business before, any annual or special meeting of the Company’s stockholders + +- seek the removal of any member of the Board + +- initiate, encourage or participate in any “vote no,” “withhold” or similar campaign with respect to any annual or special meeting of the Company’s stockholders or encourage anyone to do so. + +- vote against directors nominated by the Board or recommendations of the Board UNLESS both [Institutional Shareholder Services Inc.](https://www.issgovernance.com/) and [Glass Lewis & Co., LLC](https://www.glasslewis.com/) recommend otherwise, then RC can vote in accordance with the ISS and Glass Lewis recommendations; and RC can vote in its sole discretion as to publicly announced proposals relating to a merger, acquisition, disposition of all or substantially all of the assets of the Company that requires a stockholder vote. +- Take over or buy out GME to own or control more than 19.9% of the outstanding shares of Common Stock without prior board approval. He also cannot encourage a third party to join in a merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or other extraordinary transaction involving the Company. + +- If Ryan Cohen buys more than 20.0% or more of the outstanding shares without prior Board approval, he will be an “interested stockholder” of the Company (normally its 15% ) and be subject to restrictions on any business combination for the next three years + +- cannot form a group or solicit proxies to consent or to vote for the election of individuals to the Board or to approve stockholder proposals, or become a “participant” in any contested “solicitation” for the election of directors + +- cannot call a special meeting of Stockholders or make any proposal for consideration by stockholders at any annual or special meeting of stockholders of the Company, + +- make a request for any stockholder list or other Company books and records + + + +Of course none of this is financial or legal advice. I can read and had some extra time so I wrote this up. Use it however you wish. And if I got anything wrong, let me know. + +edits. formatting/grammar +[Interesting article](https://www.racked.com/2017/11/29/16710502/affirm-loan-shopping) discussing the company "Affirm". + + +Founded by the former CTO of PayPal, this company has raised half a billion dollars from investors and offers a new way to pay for your shopping. + + +I think it is worth discussing the dangers of using this kind of financing. Feels to me that this type of service will incent people to buy material goods beyond their means, and fall into a vicious cycle of high-interest loans. + + +> The installment loans, made at 10–30 percent annual percentage rates, or APR, and averaging $750 according to the company, are offered for everything from mattresses and plane tickets to motorized skateboards and coding classes to $500 boots and $200 limited-edition denim. + + +>For merchants, Affirm provides exceptional benefits, increasing average order values across the board; perhaps not surprisingly, people will shop more, and more often, when they don’t immediately feel the costs. And for many customers, including Jocelyn, the predictable, convenient payments are worth the higher interest rates. + + +> Affirm customers have an average of 2.2 loans with the company, while some shoppers have upward of 50 at a time. +Just curious. + +Edit: I came across [this post here](https://np.reddit.com/r/AusFinance/comments/896n1j/rausfinance_what_are_you_planning_to_buy_or_sell/) from approximately a year ago and found it interesting to compare user comments with what eventuated, and thus felt compelled to post the same question. +Hey y’all, throw-away account here. + +Would love to get some thoughts/considerations about whether we should leave California for Washington (Seattle-area, but open to other parts or even states). + +The primary motivation for us is to lower our cost of living for housing and state income tax. Moving to WA would save us \~$100k/year in just state income tax (details below). + +What are some questions we should be asking to determine if the move is right for us? Any pros/cons we haven’t thought about? + +* BACKGROUND: Almost mid-30s, married, expecting first child this year. One of us is a CA native, but has lived in upstate NY (aka can handle seasons). The other went to college in Seattle, but didn’t love the constant gray/rain. We have family in LA and Spokane, so we’d be moving closer to one side of the family, but losing family <1 hr drive away. +* COMBINED INCOME: \~$500k + \~$3.5m total stock options vesting over the next 2yrs. Current plan is to sell as it vests. +* LIVING: Renting in LA, been looking to buy this past year. Fairly discouraged by the process so far but we have our eye on a $1.7m house in a suburb that would be a 2 hr round trip commute when offices are open again. +* WORK: Since COVID, we’ve been working remotely full time. Both companies have allowed other employees to move out of state. However, one’s job prospects is more limited due to state license requirement if the job was lost. +* DEBT: None, but anticipating mortgage and need to get a second car (interest rates for a loan are so low). +* ASSETS: \~$2.5m in stock / retirement + the aforementioned stock options. +* WHY MOVE: We’re aiming for FIRE in five years or less and we’ll be on track if stock market does right by us. A move to WA would save us around $100k/year in income tax. A house would be 2/3 the CA cost. Seattle isn’t “cheap” but it’s “cheaper.” CA is the golden state, but problems we won’t miss are wildfires, air pollution, traffic, high housing costs, taxes, bad public schools. + +We’re thinking of flying up and renting a place to stay in Seattle for a few weeks before we make any decisions and get too pregnant - this does mean we give up the option to bid on the house. We figure we can always move for a few years, save on the taxes, and move back to CA if need be. But we’d be mostly friend-less, family-less, and need to re-build a professional and personal networks with a newborn in tow. We are also aware of potential lost career-prospects due to lack of facetime once offices are back open – however, because we may retire (or pause for a few years before embarking on fatFIRE) when hitting FIRE, we’re okay with that. + +Thanks in advance. +Motivated by the pandemic and thanks to a bit of good luck, we stumbled on a hair stylist who comes to the house and will do appointments for the whole family, from my color to my husband and daughter's cuts. This has made me wonder what else I can get done at home rather than the salon or spa. I've seen references on here to others who have massage therapists come to the house, and I'm hoping maybe others have experience with house calls from other professionals. I'd love to hear more about how you found them. Thanks for any tips you can share! +Happy Canada Day Apes! + +https://preview.redd.it/vvihs3mygl871.png?width=1600&format=png&auto=webp&s=d790214b8dcb5aa6a07806efa60113603ff9b52c + +Today might be an interesting one yesterday I think we saw some liquidity tests on the stock these are generally done to see how much a given set of capital will move the price so 40k shares to go up $4 and 160k to go back down again. Lends a little credibility to that short inflation theory I had way back except it's much worse now than it was. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/o96vcy/jerkin_it_with_gherkinit_forward_looking/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market + +That was a long rough day but we picked up at the end a bit and the closing stats were pretty bullish. Thank you all for tuning in and I'll see you tomorrow! + +https://preview.redd.it/b2wa8xjqqn871.png?width=701&format=png&auto=webp&s=bdb7f178c1399378233d21e9c2249262563798ac + +\- Gherkinit + +Edit 5 3:00 + +Hard power hour no volume bounce + +https://preview.redd.it/ql9964mfgn871.png?width=1625&format=png&auto=webp&s=43876e648e541900e3832b798cd0a629a0ee22e2 + +Edit 4 12:53 + +Sorry guys my reddit has been down. Slight dip but the volume is still super low looks like they might be trying to bring it down. + +https://preview.redd.it/dltih9yusm871.png?width=1559&format=png&auto=webp&s=1911abf32fa48597a881379b8883393bcb5838cf + +Edit 3 + +Sagged below VWAP after that spike trading sideways on no volume. Oh and then GameStop stole my tweet from yesterday....[https://twitter.com/gherkinit](https://twitter.com/gherkinit) + +https://preview.redd.it/jucztpyzam871.png?width=1611&format=png&auto=webp&s=5d3efa20755489ff78731cf00b53432542dfcbae + +&#x200B; + +Edit 2 10:22 + +Bounce off 210 lead into some bullish momentum buy pressure seems to be dying off let's see if it picks up again + +https://preview.redd.it/g3tiabw02m871.png?width=1465&format=png&auto=webp&s=21d5e97d5ae691be447fd250d1bcbb66d193a99e + +Edit 1 9:46 + +Stand morning short into a cross above VWAP looks pretty decent honestly we might see a bit of a move + +https://preview.redd.it/vl7epq9jvl871.png?width=1397&format=png&auto=webp&s=432427b542b20fd0a5948101310d985421cf99e8 + +# Pre-Market Analysis + +Absolutely dead this is the lowest pre-market volume I have ever seen on GME we will see if it picks up before opening bell. $400k Shares available to borrow. + +https://preview.redd.it/hys2a5pjil871.png?width=1579&format=png&auto=webp&s=0de23f83472bc9411cfc962507298381d264cd9b + +TTM and BBKC are back on the menu here are the Bollinger Bands doing their thing with GMEs Keltner Channel and a nice series of fire signals + +[3 fire signals on TTM 4hr timescale](https://preview.redd.it/beayw274jl871.png?width=1468&format=png&auto=webp&s=041b90a07b85a4000d10e0b18f97a030d1ce4e61) + +Cup & Handle + +[Current position on our C&P breakout trend 1D timescale](https://preview.redd.it/twkw1ndcjl871.png?width=1833&format=png&auto=webp&s=92d3a83495014c2c5282177ce23041f6550db232) + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Happy Canada Day Apes! + +https://preview.redd.it/vvihs3mygl871.png?width=1600&format=png&auto=webp&s=d790214b8dcb5aa6a07806efa60113603ff9b52c + +Today might be an interesting one yesterday I think we saw some liquidity tests on the stock these are generally done to see how much a given set of capital will move the price so 40k shares to go up $4 and 160k to go back down again. Lends a little credibility to that short inflation theory I had way back except it's much worse now than it was. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/o96vcy/jerkin_it_with_gherkinit_forward_looking/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market + +That was a long rough day but we picked up at the end a bit and the closing stats were pretty bullish. Thank you all for tuning in and I'll see you tomorrow! + +https://preview.redd.it/b2wa8xjqqn871.png?width=701&format=png&auto=webp&s=bdb7f178c1399378233d21e9c2249262563798ac + +\- Gherkinit + +Edit 5 3:00 + +Hard power hour no volume bounce + +https://preview.redd.it/ql9964mfgn871.png?width=1625&format=png&auto=webp&s=43876e648e541900e3832b798cd0a629a0ee22e2 + +Edit 4 12:53 + +Sorry guys my reddit has been down. Slight dip but the volume is still super low looks like they might be trying to bring it down. + +https://preview.redd.it/dltih9yusm871.png?width=1559&format=png&auto=webp&s=1911abf32fa48597a881379b8883393bcb5838cf + +Edit 3 + +Sagged below VWAP after that spike trading sideways on no volume. Oh and then GameStop stole my tweet from yesterday....[https://twitter.com/gherkinit](https://twitter.com/gherkinit) + +https://preview.redd.it/jucztpyzam871.png?width=1611&format=png&auto=webp&s=5d3efa20755489ff78731cf00b53432542dfcbae + +&#x200B; + +Edit 2 10:22 + +Bounce off 210 lead into some bullish momentum buy pressure seems to be dying off let's see if it picks up again + +https://preview.redd.it/g3tiabw02m871.png?width=1465&format=png&auto=webp&s=21d5e97d5ae691be447fd250d1bcbb66d193a99e + +Edit 1 9:46 + +Stand morning short into a cross above VWAP looks pretty decent honestly we might see a bit of a move + +https://preview.redd.it/vl7epq9jvl871.png?width=1397&format=png&auto=webp&s=432427b542b20fd0a5948101310d985421cf99e8 + +# Pre-Market Analysis + +Absolutely dead this is the lowest pre-market volume I have ever seen on GME we will see if it picks up before opening bell. $400k Shares available to borrow. + +https://preview.redd.it/hys2a5pjil871.png?width=1579&format=png&auto=webp&s=0de23f83472bc9411cfc962507298381d264cd9b + +TTM and BBKC are back on the menu here are the Bollinger Bands doing their thing with GMEs Keltner Channel and a nice series of fire signals + +[3 fire signals on TTM 4hr timescale](https://preview.redd.it/beayw274jl871.png?width=1468&format=png&auto=webp&s=041b90a07b85a4000d10e0b18f97a030d1ce4e61) + +Cup & Handle + +[Current position on our C&P breakout trend 1D timescale](https://preview.redd.it/twkw1ndcjl871.png?width=1833&format=png&auto=webp&s=92d3a83495014c2c5282177ce23041f6550db232) + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I saw this video https://www.youtube.com/watch?v=CVEuPmVAb8o +on another sub, and it kind of resonated with me. It's similar to advice I've given some of my younger friends and family. Obviously the title is a little hyperbolic, but in the end he says "take your passion with you", not that you should ever abandon it. + +When I was younger I was pretty passionate about music, and just assumed I would make it big or do something related that I was passionate about. I never thought about having a good career. I picked up one shitty, low paying, labor job after another. Year after year. Enough to survive, but never enough to provide anything more. The effect those environments had on me were pretty damaging psychologically. + +Nowadays I'm 33, and have finally secured a good corporate job that provides me with enough income to live, and the ability to save for the future. Once I learned about compound interest, I immediately looked back on those years I spent earning very little and thought... if only I would have known. Shit, once I learned about paid vacation and paid sick days I was like "JACKPOT". That alone is almost worth it lol. + +I try to pass this lesson on to younger family and friends, letting them know that if they first secure a halfway decent career, they may very well be able to follow their passion full time some day. I let them know they don't need to earn hundreds of thousands of dollars. Just get something that earns you 30-50k in your twenties, and you may very well have started a savings snowball that can allow you to back off of your secure career and focus on what you love to do some day. +Hello everybody! I hope you are doing well. +I was wondering if anyone trades the following structure: + +1. Sell a call with low delta for example 0.23 and receive a premium of say $1.4 +2. Buy 23 shares + +Then you hedge very day by selling/buying shares to try stay delta neutral until the expiration. + +I have been considering doing this, and I was wondering if anyone else trades this or similar structure. + + +Thanks! +Hey guys! I’m relatively new here but have been lurking. + +I was a stay at home mom for almost all of my marriage, it fell apart and I became a single mom overnight. Ex husband rarely pays CS. I was recently hired at my first full time job ever! Although I did have a part time job shortly before my oldest was born and that was 6 years ago. Needless to say, I’m a bundle of nerves. + +I have so much debt to tackle mostly student loans and credit card debt. The job I have now definitely wouldn’t be enough to put much of a dent and I’m also sure that I will need to buy a new car within the next year. I’m hoping she’ll hang on until tax time but it’s iffy. + +Does anyone have any advice on playing catch up after a long period of unemployment? +I switched to Chase bank several months ago, and when I did I asked to order a few packets of checks. They asked why, I said for rent. They told me about this new auto-bill pay thing they have where they will mail the check for me instead. And to protect my privacy they move the funds into a temporary account, so no bank fraud would be possible. + +Well the first month this was to happen, they check never showed up at the leasing office. But the money left my account to go to the temporary one. We get the money together to make sure our rent is paid, but that money has just vanished into the ether apparently. I've contacted Chase and they assigned a representative to my case, but this was over a month ago and there has been no resolution. How should I approach the bank about getting this kind of issue resolved? I'm a grad student, and kind of poor, so a month of rent money missing is an unwanted hassle. +So I’m always trying to follow the DYOR advice that everyone rightfully spouts here and I think I get why Solana is being treated as a potential Next Big Coin. I’m going to try and summarize the things I’ve learned so hopefully you won’t have to do as much thinking to understand it if you do your own research. Additionally, I hope this will explain why I’m bullish on SOL. + +#Part 1: The Byzantine Generals Problem is one all blockchains must solve + +The Byzantine generals problem goes like this + +1. The army of Byzantium is huge and led by a proportionate few generals who each lead vast legions (the users of the blockchain and their validators) + +2. The generals all have to agree on a tactic for the army to be effective (the validators must validate a block before it gets added to the chain) + +3. Generals communicate through messengers (we assume the messengers themselves always follow orders, as here they represent digital signals) + +4. Some generals are traitors and send bad plans to the network (bad validators, possible 51% attackers) + +5. How do all the generals know when a general is trustworthy? (We need a consensus protocol) + +6. The tactic that most generals agree with is the one which will help Byzantium (the network democratically decides the movement of the blockchain) + +This is where all blockchains agree: something must be done. There are different strategies to get this done but they all have to consider what happens when the network is huge, what happens when there are a lot of potential traitors, and how to keep the army efficient as possible in its actions without letting it get bogged down in security validation. + +I think Solana’s approach is novel and robust. + +#Part 2: Proof of History resolves the dilemma between pure Proof of Work and pure Proof of Stake + +Bitcoin’s revolutionary consensus protocol, Proof of Work or Nakamoto Consensus, objectively secures the blockchain through hard mathematics applied to deterministic physics. Basically, people compete to do math in a way that can’t be shortcut until they get the chance to validate the new block. However, as people have pointed out, this is inevitably energy-draining. Energy use is **not** inherently immoral, as some FUDers would have you believe, but it is a real logistic concern in a world that is running out of time to stop dumping energy into carbon emitting things. Thus you see the investment into non-saleable renewables, like geothermal and hydroelectric energy, being diverted towards Bitcoin’s massive energy requirements. In an ideal system, we’d have fusion and all energy would be free, but we’re not there yet so we have to work with what we have. + +Ethereum is switching from Proof of Work to Proof of Stake consensus, which uses game theory to validate the network. The idea is that if your generals materially depend on the army, through investment of their resources in its stability, they will be the least likely to betray the system. This is clever, as it banks on humans being selfish dicks overall (which we are, let’s be honest, it’s okay as long as it’s not hurting anyone) and doesn’t need great energy consumption, but it’s **normative** security, determined by people, not **objective** security, determined by math and physics. + +Solana combines staking with Proof of History. Proof of History is a consensus protocol where the output of the encryption function relates directly to how many times the function has been called, and the output can’t be retrieved without having called the function that many times with the exact same input beforehand. Additionally, unlike Cardano and other would-be ETH killers, ***Solana already has smart contracts and NFTs.*** + +#Part 3: A dumbed down example of Proof of History + +It helps me to understand consensus protocols if I can see an example of what’s happening. + +Let’s say we have three transactions. They’re encrypted so we don’t know what’s in them, but let’s call them A, B, and C. I call them this because that lets you retain their transaction order, first A, then B, then C. + +Solana passes each of these transactions in order through its consensus protocol, PoH. PoH takes as input the transaction and internal clock that objectively measures the order of transactions, so it goes: + +PoH(A, timestep 0) —&gt; hash: encrypted version of A at timestep 0 + +PoH(B, timestep 1) —&gt; hash: encrypted version of B at timestep 1 +PoH(C, timestep 2) —&gt; hash: encrypted version of C at timestep 2 + +This provides an objective measure of not only **that** each transaction has happened, but ***when*** each transaction happened in order. If transaction B were input at timestep 0, the ***entire blockchain would be affected.*** This is an **objectively secure** function that cleans up transaction order without relying on humans and game theory to work. Aliens couldn’t crack it no matter how powerful and godlike their tech and understanding was; it’s simply the laws of physics at work. + +#Conclusion: Solana outperforms the big boys in the ways that matter + +Let’s put aside the conceptual math and just look at numbers. We’re going to be looking at **transactions per second** (TPS) and average fees. + +[Visa manages 1.7k transactions per second for credit cards with a processing fee of 1.43-2.4%](https://www.valuepenguin.com/what-credit-card-processing-fees-costs) (Visa claims it can tolerate up to 56k tps, but this hasn’t been stress tested) + +[Bitcoin manages 5-7(0.005k-0.007k) TPS](https://academy.binance.com/en/glossary/transactions-per-second-tps) with an [average fee of ~$3 USD.](https://ycharts.com/indicators/bitcoin_average_transaction_fee) + +[Ethereum currently manages ~30 TPS](https://fortune.com/2021/07/29/ethereum-going-green-ether-crypto-carbon-footprint/) with an [average fee of $2.50 USD ](https://ycharts.com/indicators/ethereum_average_transaction_fee) Vitalik himself claims that this will be boosted to up to 100k TPS with sharding and other strategies rolled into ETH2.0, but this is purely theoretical until it’s real. + +[Solana manages ~59k TPS with a theoretical upper bound of 710k TPS](https://twitter.com/ByteSizeCapital/status/992651322695413760?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E992651322695413760%7Ctwgr%5E%7Ctwcon%5Es1_c10&amp;amp;amp;amp;amp;ref_url=https%3A%2F%2Fsolana.blog%2Fseriously-how-fast-can-solana-blockchain-get%2F) and [an average tx fee of $0.00025 USD.](https://solberginvest.com/blog/how-much-are-solana-fees/ ) Naturally, these fees are paid in SOL and they’re congestion-based like ETH, so even if SOL reaches BTC levels of market cap or price, its fees will still be a fraction of a dollar. + +All this, with smart contracts. + +#tl;dr: 5 reasons why me like SOL money + + +1. Money fast (TPS greater than BTC and ETH by orders of magnitude) +2. Money secure (PoH is objective and staking further insures the network against bad actors) +3. Money easy (the energetic requirements of Solana are vastly lower than the major L1 chains) +4. Money cheap (tx fees sub dollar for the foreseeable future no matter how huge the network gets) +5. Money useful (Smart contracts are already live) + +SOL money good. Me like. + +EDIT: well, thanks to the top comment being an inaccurate criticism of Solana based on false premises and subreddit-wide misunderstanding of what centralization actually means, I’ve been flooded with messages calling me an ignorant shill. + +[Here is my rebuttal.](https://www.reddit.com/r/CryptoCurrency/comments/pkqra3/i_tried_to_explain_solanas_market_appeal_16_days/hc79nak/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) +I have been in crypto since 2017 and following Cardano. I'm extremely confused by the 'cult like' conversations that happen in this sub and on Twitter about Cardano. What has Cardano done SO FAR that really shows that they have what it takes? I'm not talking about what is 'almost there' what I have been hearing for the last years already. What has been done so far? Please provide arguments and facts and not some vague narrative of 'best decentralized staking' or something else. A data driven approach on the amount of use cases so far would be appreciated. Saying that smart contracts are almost there etc. etc. is not an argument. Even if thats true thats literally just the beginning. That means nothing. Being happy that smart contracts are coming in a few months after starting around the same time as Ethereum is extremely worrying of how serious 'investors' are here. + +Edit: about 50 comments and 0 concrete examples so far... (lol @ downvotes). + +Edit 2: Ok forget my responses. Just please read through all the answers and tell me how convincing this all is. Do all of you see a pattern here? + +Edit 3: Publishing scientific papers is nothing fancy. I dont know why people keep mentioning this as if its something special. Algorand, Ethereum Zilliqa etc. are also doing this. Also, its only worthwile *if its implemented in reality and isn't just stuck in theory* + +Edit 4: Finally 1 good argument in almost 400 comments. Which is "Implemented native multi assets". This is actually a useful feature and good use case to increase the value of Cardano. Btw, please stop automatically assuming that everything Cardano has built is already the best. You dont know that. It has not been battletested yet. Its all assumptions and speculation. + +Edit 5: To be honest, I am kind of dissappointed in this subreddit. For months I have been wanting to write a post like this but thought maybe others will. But literally 100s of Cardano post and nobody ever asked 'but what have they done so far'? And this is suppose to be the main cryptocurrency subreddit? This just means there is barely any critical discussion going on. Its a bit insane to me that so many people invested in Cardano but can't barely even answer basic questions and just personally attack me because 'I'm jealous' or whatever. But I guess its going up in value and they figured out the right marketing formula. Feels like EOS all over again. But at least EOS launched lol. + +**Edit 6**: Ok this will be my last edit. I just want to leave everyone to think about what's going on. Its always easy to sell a dream than to sell something that is functional and being used. Selling a dream about the future you can exaggerate and you cannot dispute. You can make it as big as you want it to be and if enough people believe it it can get some kind of 'cult like' charisma. But think about this. This is a team with billions of funding. Hundreds of people working on it and it is one of the oldest teams in crypto. Having so much money and people should speed things up, not slow it down. Do you really think that they can keep up with the story they are telling after showing barely anything for the last years? There are teams like Aave with 20 million of funding that have done more in less time with a much smaller team. Just please think about this. Forget about the money and market cap and promises. Just let this sink in. +Hello! + +I need some advice regarding a sudden large sum that my husband and I will be receiving in the near future from his father after he sells his business. I don't want to give the amount, it's just going to be alot and I'm worried about the taxes and about accidentally blowing it. + +I'll start off by saying what we want to do with it and maybe some advice can be given from there: + +1. Pay off all our debts for both of us +2. Get a house by putting down a really decent down payment but not just outright buying it out +3. Getting me a new car +4. Paying off my parent's debts +5. Paying back the money we owe people who have helped us during this past year +6. Invest the money into stocks and precious metals like silver +7. Buy a couple of houses and rent them out to people + +These are just ideas we've been bouncing around and besides, the first two, none of them are really concrete. We both plan to continue working and have a long term plan of eventually becoming self employed by either renting out homes or if our creative pursuits take off. I just want ideas and plan out the best courses of action before it's given to us and we either blow it or just freeze! Please help! I'll answer as many questions as I can. +The DRS War is on. This is the level we are on of this game. It may not be the endgame, but it's the level we are currently on. Citadel is spending hundreds of millions to rug-pull DRS numbers, the chair of the SEC is playing ignorant on an interview about what DRS even is. + +This is a war we can win. Everybody needs to know about DRS - any way we can tell them. We can even talk to people about it who are not open to hearing about GME specifically, they can still learn and talk about DRS. + +Holders of other (inferior) basket "meme" stocks should be DRSing as well, including popcorn and towel stocks. Every time somebody says the word DRS in a public space, it hurts the SHFs, and every time somebody DRS-es a stock they are shorting they die a little. + +Heck - even when I heard that Gensler wants us to propose new rules, we should propose a rule that requires brokers to talk about DRS with their customers. Like those workers rights posters that employers have to put up or the surgeon general's warning on cigarettes, there's a precedent to requiring business to inform people of their rights. It's a simple thing. +The prices of food is rising and its just really bad in my area. Before, I would shop for groceries once a month and it might be $80, up to $120 if I eat out a few times. + +I've started eating only on weekends but somehow it still runs up to $60 a month. I live alone so this money is pretty significant to me. I'm unemployed but *actively looking and applying* for a new job so I feel stuck. +I feel like these posts are rarely actually looking for advice as they are far too loosely structured. The OP almost never gives any indication of what they want from the future and it comes across as if they don't actually want advice but just want to tell people that they now have loads of money. + +If these people were really trying to find out what to do with the money they would actually read the material in the sidebar. + +I as well as many others come to this sub to help people to manage their finances and I feel like these posts devalue what we are trying to achieve. These posts can almost completely be answered with an automated response or just being directed to the sidebar and so are just clutter. +Example: *"Just graduated with $50k in debt and will be starting a $60k job in 3 weeks, where do I begin?"* +----------------------- + + +With the Spring semester ending and the promotion to a default subreddit, there has been a huge influx of posts mostly covering the same topic. + +Start here: [Khan Academy videos on IRA's, 401k's, etc](https://www.youtube.com/watch?v=tvL7ox0ezCU&list=PLUBoK8lZIxW90VxgRyjqWfPf4BZ-tYeGN). This link is to a Khan Academy playlist. There are options on the right for different videos on different subjects. The first video is mostly about credit cards. + +Second stop: If you would like more video-material, Look up [Dave Ramsey](http://www.daveramsey.com/). He has some great videos on PF. You can find more videos on Youtube. + + +Here are a few guidelines I'm hoping will help 90% of the recent grads - +--------------------------------------------------- + +* Live frugally. Spend as little as possible. You owe a lot of money to something, act like it. If you don't grab it by the horns now, it could haunt you for years to come. +* CREATE A BUDGET [YNAB](http://www.youneedabudget.com/) is great, or [Mint](http://www.mint.com). +* Stick to your budget! +* Allocate money to and IRA/Roth IRA/401k if possible. This will depend on your interest rates. Generally, if the interest is lower than 4% you could benefit more from putting money in an investment account. **Remember, putting money towards a 6% loan is a guaranteed 6% return**. Another thing to remember is that if your company matches 401k, then you should contribute **at least** the amount that they match. This will net you a 100% return on your money! +* Build an [Emergency Fund](http://www.wisebread.com/figuring-the-size-of-your-emergency-fund) with 3-6 months of expenses +* [HERE](http://i.imgur.com/PWfvdvB.png) is a great info-graphic of how to allocate money. (I believe /u/BrainSturgeon created this info-graphic, so credit to him!) + +Check the sidebar, there is a lot of great information there. + +I'm sure I am forgetting some things, if anyone else would like me to add to this, please let me know! + +If you believe your situation is different, feel free to post a comment below and we can try to help! + + + + + +Additions: + +Excellent Loan information from user /u/EducatedRisk - Original post, with links to sites, can be found [HERE](http://www.reddit.com/r/personalfinance/comments/25cuai/to_all_recent_college_grads_worried_where_to/chgf2gs?context=3) +---------------------------------------------- +Recent graduates should be aware of all their student loan repayment options. Most federal loans qualify for certain loan forgiveness programs, interest benefits, and flexible repayment options. All students with student loan debt should take all these options into account as part of their financial planning. + +Use StudentLoans.Gov's Repayment estimator - ED just rolled out a feature that will take your actual loan balances and project your monthly costs for each repayment program, the total balance and interest paid over the lifetime, and potential forgiven loan balances. You can also now just log into Studentloans.gov and you can review all your federal student loan balances (and each loan's current status). + +Any borrower that does not have a job at graduation should immediately enroll in Income-Based Repayment or Pay As You Earn. This provides more payment flexibility as you search for a job. Its better than a deferment or forbearance too. Even if you plan on making extra payments, the flexibility of PAYE and IBR can benefit most borrowers. + +Income-Based Repayment - You pay 15% of your discretionary annual income divided into 12 monthly payments. If you have less ~$20k in income, your payments are generally $0/month. Interest still accrues but it is not capitalized. + +Pay As You Earn - It has the same terms as Income-based Repayment except that you only pay 10% of your income. Also, this is only available to borrowers that did not have federal loans before Oct. 1, 2007 and who also had a NEW loan disbursed after Oct. 1, 2010 (confusing, I know). +Here are some other common questions as well: + +Federal Loan Consolidation - For federal loans, the monetary benefits for consolidation are minimal; the interest rates are averaged and there basically is no discount. When the loans are consolidated, you cannot target the highest interest rates with extra payments. Only consolidate for peace of mind and a simplified process but, generally, consolidation is not worth it for borrowers. + +Capitalization of Interest - When a borrower graduates, some loans have accrued interest that is unpaid. The interest is capitalized when you graduate (added to balance of the loan). ED and your loan servicer will send letter recommending your make payments on the Uncapitalized Interest before it is capitalized. If you do, then that portion of unpaid interest is never charged interest over the life of your loan and you save money. If you can, make payments on the uncapitalized interest during your grace period. It is a good way to save money if you have extra savings and a job. + +Grace Period - Direct Loans have a 6 month grace period from graduation; then borrowers have to make payments. Perkins Loans have a 9 month grace period. You can make payments before that if you want. +Refinancing With Private Loans - There are number of companies out there that specialize in refinancing and consolidating private and federal loans. Each company is different but generally the lowest I have seen for refinancing is ~5% for borrowers with good credit. Keep in mind, however, that you lose access to loan forgiveness, IBR and PAYE if you refinance with private loans. + +I am only mentioning these student loan issues because these decisions made right after graduation can have a huge positive or negative impact your personal finances for years to come. + + +For more information related directly to Student loans, check out /r/studentloans! +I am 25 at the moment turning 26 this summer. I have been in business for the last 4 years doing considerably well (for my age) selling toys on FB and Instagram etc and running some Ecommerce businesses. Last year was an insane year for me in terms of income, i made about £140,000 profit. I also have savings from previous years. + +However we all know businesses have their ups and downs and what may be working quite well today may be void or oversaturated tomorrow, so i am thinking about my future. + +I am considering buying a flat fully paid off for myself (i am in the north) Is this a bad idea? + +My thinking is that even in the worst case scenario business wise and if business was to go tits up tomorrow i atleast own a home outright and wont have to worry about rent etc + i can easily cover my bills. I have always struggled with fear and anxiety due to the fact i dont have a job or career by societies standards and the unpredictability and risk of entrepreneurship and going your own way in life. One month you can have a high income and the next make a loss etc. + +Just thinking this will be a good move for my sanity but thought to see others opinions on buying homes outright... 💭 +Welcome to the Weekly ICO 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 current and upcoming ICOs. + +*** + +Enjoy! +Welcome to the Weekly ICO 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 current and upcoming ICOs. + +*** + +Enjoy! +Alright, guys I just don't get this anymore. The DAY AFTER CoinDash's website gets hacked due to poor security and loses 7 MILLION DOLLARS, Veritaseum, who's [website](http://veritas.veritaseum.com/) doesn't even use SSL goes up 96%. WTF? I won't even get into the design of the site as I'll give them the benefit of the doubt here and won't judge a book by it's cover, but a company that can't figure out how to use SSL or just doesn't value security at all? Right after another company just lost 7 million due to their landing page? WTF... + +Now let's talk about what Veritaseum actually is. All I see is people hyping it up on youtube, but there is NO PRODUCT on their website. There is one report on their website you can buy about Ripple. You can buy it with a revolutionary new payment method. + +> This analysis is now available for download, priced at 4.5 VERI. The purchase is a manual process, and you will have to email our staff to request an address to send your VERI to. + +I've seen it described as a P2P platform, yet there is no P2P client on their website for download, no development roadmap, and Reggie Middleton continually describes "the big guys" as the potential customer, not us. That makes absolutely no sense for a P2P platform. There is no code in their [github](https://github.com/Veritaseum) for a platform at all, and if you look at their [token](https://github.com/RFVenter/Veritaseum), they hired a freelancer to make it. Doesn't seem like they really know what they are doing from a technical point of view at all. + +You'll read about how their product has been around since 2014, well [here](https://web.archive.org/web/20150315014437/http://veritaseum.com:80/index.php/download-now/viewcategory/2-veritaseum-clients-wallets-utilities) it is. It got a whopping 402 downloads in 8 months. Now it is no longer available to download on their website. + +I don't want to call something a scam without hearing an argument back, but tell me what I am missing here? A company with no public product, no public platform code, no dev roadmap, no ssl cert on their website, no clear product, and a manual email payment process with the 11th highest market cap? All this, while still, none of the major exchanges will list it. Something sketchy is going on here. + +The one thing they have in their corner is a [contract](https://twitter.com/Veritaseuminc/status/880920776626630660) with the Jamaican Stock Exchange which happens to be extremely vague. + +In this industry, at the end of the day, tech talks, and I do not see ANY tech from this at all. What is everyone possibly investing in here? + +I've gotten a lot of requests over the last few months to make a post when I FIREd, so here it is. + +My wife and I are both 50, and we've both been working in professional careers for 25 years. I'm an accountant and she's an attorney. We both worked for the same Fortune 500 financial services company. We announced our retirements about 2 months ago and Friday was our last day of work. + +My 2015 income: $135K + +Wife: $225K + +Expenses in 2015: $115K (not including taxes) + +Assets: $1.9 million in 401(k)'s, $0.3 million in Roth IRA's, $1.2 million Vanguard brokerage account, $0.2 million pension, $0.3 million deferred comp, $0.4 million "cash" - Total ~$4.3 million + +We are planning on annual expenses of about $150K (including taxes). That will be about a 3.5% withdrawal rate. + +Our pensions are each set to pay out over our individual lives. It will be about $12K/year total. The deferred comp money will pay out over 10 years starting next year, so about $30K/year. That leaves about $110K/year coming out of our cash. + +We decided we wanted to hold 2 years of expenses in cash initially. Since the early years of retirement are when the portfolio is the most vulnerable to bad equity markets, we decided to hold more cash so we wouldn't end up selling investments at a large discount if the market tanked in the early years. I realize that this is most likely giving up some investment earnings on that cash, but we were willing to give up return in exchange for some "insurance" against the market going badly against us right after retirement. + +The plan is to replenish the cash over the first 5-7 years whenever the market is up while depleting the cash if the market goes down. By the time we are 7 years into retirement our plan is to hold 1 year of cash and replenish it from investments quarterly. + +I'm pretty conservative, so we have considered what would happen if our investments performed terribly for a prolonged period of time. We could fairly easily cut our annual expenses to $100K and still feel like we were living pretty extravagantly. + +What will we do all day in retirement? Not sure yet. I have all kinds of ideas, but I will have to see how everything plays out and what really keeps my interest. + +First things first though. We had to plan out chores. While we were working we had a housecleaner who took care of most of the regular cleaning, ran the occasional load of laundry, and took care of some little things around the house. We've cancelled that and divided up the household duties. We are keeping the lawn guy because he is a friend and is pretty cheap. + +For right now I am greatly enjoying not being at work today. We got up, had breakfast, took a 6 mile walk, and then I did a short workout. We ran a couple of errands, and now I am facing unpacking 3 boxes of stuff I accumulated in 25 years working at the same place. + +If anyone is interested I will post occasional updates, and of course I am happy to answer any questions. + +Edit: Lots of questions about expenses, and I should have expected that. + +We live in a LCOL area in a small Midwest city. + +Budget (I tried to simplify it since my budget is very complex) + + +*Mortgage 1: $1K/month (5%) + +*Mortgage 2: $400/month (5%) + +*Health insurance: $800/month + +*Other healthcare: $1K/month + +*Car loan: $750/month (5 years 0%) + +*Condo near parents: $1K/month + +*Charity: $2K/month + +*Travel: $1K/month + +*Food (Dining out and groceries): $1K/month + +*Utilities: $350/month + +*Entertainment and gifts: $500/month + +*Insurance (LTC, Auto, Home): $500/month + +*Other: $1,800/month + + +Yeah, I know some of you will say that you live quite comfortably on my "other". I know I have a very cushy lifestyle. Other includes contingencies like house repair/maintenance, lawn guy, gas, electronics, wine, you get the idea. +https://www.reuters.com/article/us-wework-ipo-curbs/wework-curbs-ceos-voting-power-in-bid-to-boost-ipo-prospects-idUSKCN1VY12V + +Key Points from article + +>Loss-making We Company said Neumann’s superior voting shares will decrease to 10 votes per share from 20, it said in a regulatory filing, though he will still retain majority control of the company. + +>Neumann will also give the company any profits he receives from real estate deals he has entered into with We Company. He will also limit his ability to sell shares in the second and third years after the IPO to no more than 10% of his stock. + +>No member of Neumann’s family will be on the company’s board and any successor will be selected by the board, scraping a plan for his wife and co-founder Rebekah Neumann, who is chief brand and impact officer, to help pick the successor. +In the last three weeks I've bathed my dogs twice with tick shampoo and treated them topically once and they still have ticks. Gross! And stressful. +What I need and the only thing that seems to work with my dogs and we're I live is the internal stuff and that's spendy. It's not $5. It's not even $20. It's $40 to $60 a dose. My dogs are big and as I said one wasn't planned for. She showed up and I spent a lot of money helping her. So yes you can chide me but whatever life is complicated. + +Anyhow. If anyone knows where I can find internal tick treatments for less I'd be so appreciative. No need for judgement I just need a solution. + +Thank you. +Playing around with the sim, I see you can set a stop loss so you only lose a tiny amount like $0.3 or so or a few dollars. Is this not a fool proof way to minimise losses, what is it I'm not understanding about stops, why do I see traders making huge losses if stops are available? +Today sucked for me, I trade reversals and find entries on top/bottom channels. Had stops hit 4x and got wicked out. Trades today between 9:45-10:30am + +I am not sure why today sucked for me anyone else help me figure out what I missed today? Much appreciated +I rent a room in a flat in South London, however due to the COVID-19 outbreak I have moved to stay with family up north. + +Two days ago I got Furloughed from my job. I decided to email my estate agent to ask for a possible temporary rent reduction due to these unprecedented times and the fact that I was now only recieving 80% of my salary. + +The estate agents have send an email put to all tenants, saying they will reduce the rent to 80% for April and May, aslong was we provide 5 documents; + +1. Letter from our place of work stating we have been furloughed. +2. Our last two bank statements. +3. Our last two pay slips. + +I am happy to provide a letter from work, but the bank statements and pay slips seem abit of an invasion of privacy. + +Are they allowed to ask me for these? +Should I provide them? + +I'm afraid that they are doing it so they can see what rent I can afford (i.e. start charging me more). + +Any advice is appreciated! +After like 6 months of just crabbing and bleeding a lot. We are finally picking up some pace. And a what a pace that is. Before that always BTC went up and we thought the rally is about to start. But this time we got the real indicators going up. The famous ADA and VET stablecoins are on the rise! + +I mean seriously what was the last time we saw ADA making double digit gains nearly everyday and goddamn VET pump 30% in one day. Other Cryptos pump double digits nearly every second week or so. That's nothing special and does not mean anything at all. + +And if we are all lucky we may be going on such a MASSIVE rally that ADA would be capable of regaining its stablecoin status at 1.20$ and VET its stable coin status at 0.11$. Buckle up everyone we are in for a helluva crazy ride. +So a year ago I asked if it would be worth putting a decent chunk of money into Premium bonds... It's now been a full year, so lets find out! The amount I've had in there has steadily increased over the year, starting at around 25k, and ending up at around 40k. However the average holdings has been 33k.. Which has given me a return of £250. (In the following order, if anybody is interested) + +25, 25, **0**, 25, **0** 25, 50, **0 0 0** 50*,*25, 25 + +Which is about 0.75% interest + +Which isn't amazing, however for the extra £100 or so I would get in a savings account, I definately think the excitement of premium bonds is worth it. + +Whats your returns looking like? +1) Some really sketchy behavior coming out of the SEC recently. Story time… + +2) Millions of crypto holders have been earning yield on their assets over the last few years. It makes sense, if you want to lend out your funds, you can earn a return. Everyone seems happy. + +3) A bunch of great companies in crypto have been offering versions of this for years. Coinbase came out recently and said we would be launching our own version. + +4) We were planning to go live in a few weeks, so we reached out to the SEC to give them a friendly heads up and briefing + +5) They responded by telling us this lend feature is a security. Ok - seems strange, how can lending be a security? So we ask the SEC to help us understand and share their view. We always make an effort to work proactively with regulators, and keep an open mind. + +6) They refuse to tell us why they think it's a security, and instead subpoena a bunch of records from us (we comply), demand testimony from our employees (we comply), and then tell us they will be suing us if we proceed to launch, with zero explanation as to why. + +7) Look….we're committed to following the law. Sometimes the law is unclear. So if the SEC wants to publish guidance, we are also happy to follow that (it's nice if you actually enforce it evenly across the industry equally btw). + +8) But in this case they are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. Whatever their theory is here, it feels like a reach/land grab vs other regulators. + +9) Meanwhile, plenty of other crypto companies continue to offer a lend feature, but Coinbase is somehow not allowed to. + +10) Gensler in his confirmation hearing: “It’s important for the SEC to provide guidance and clarity,” Gensler said. “Sometimes that’s a clarity that will be a thumbs up, but even if it’s thumbs down, it’s important to provide that.” March 2, 2021 + +11) If you don't want this activity, then simply publish your position, in writing, and enforce it evenly across the industry. + +12) Ostensibly the SEC's goal is to protect investors and create fair markets. So who are they protecting here and where is the harm? People seem pretty happy to be earning yield on these various products, across lots of other crypto companies. + +13) Shutting these down would arguably be harming consumers more than protecting them, and by preventing Coinbase from launching the same thing that other companies already have live, they're creating an unfair market. + +14) In May of this year I traveled to DC to meet with every regulator and branch of government I could. + +15) The SEC was the only regulator that refused to meet with me, saying "we're not meeting with any crypto companies". This was right after we became the first crypto company to go public in the U.S. + +16) Gensler had been confirmed just a month prior, so I brushed it off as the SEC still getting its feet under it. Now I'm not so sure. + +17) We've always tried to be good actors in the space - leaning in to sensible regulation even when it is difficult or expensive. We try to think about what products we would want for ourselves, and what risks we would want our families to be aware of, before launching products. + +18) We will keep following this approach. + +19) Yet here, we're being threatened with legal action before a single bit of actual guidance has been given to the industry on these products. + +20) If we end up in court we may finally get the regulatory clarity the SEC refuses to provide. But regulation by litigation should be the last resort for the SEC, not the first. + +21) Our door remains open. Hopefully the SEC steps up to create the clarity this industry deserves, without harming consumers and companies in the process. America could really use us all working together to figure this out right now. + +**END** +Back when I was young, around 2015. I got into bitcoin, it was amazing, exciting and brand new. + +I immediately saw the utility and value going up, it was enough to make my young eyes glisten. However in my wisdom, I only saw a single use case at the time. I saw bitcoin as a currency, not something to be held and stored. + +I found these 'dark web' stores where you could spend bitcoin and get stuff delivered!?! Amazing. I felt like I was in a thriller movie for a little bit of trees. During my time as a teen, I did this again, and again. I spent 29 bitcoin. At the time, this wasn't much, just my minimum wage job paying me enough to do something with it. + +Here I am, 6 years later. Struggling financially, investing in crypto and just wishing I had held it. $1.6 million USD, what a life changing amount. + +I dont know why I am posting this, but if I could say one thing to each and every one of you it would be to hold. Just hold, don't regret it years later like me. +Good morning! + +So I'm in the process of selling my house. We only owe about 120k on it and we're selling it for just over $400k. We're buying another potentially temporary house to stay in for a year or two until the market hopefully settles down a bit before we decide on buying our "real" house. + +Anyways, the point of the post is, the new house we're about to buy is only $80k which means we'll have a little over $200k left over. We'll use some of that to pay off my student loans but that will still leave us with a pretty big chunk of money left over. I'm wondering what would be the best and safest way to save that money and get it working for us? We'll probably be using the left over money to buy a new house in the near future so it can't be tied up for too long. Thank you! + +&#x200B; + +\*Edit\* + +Dang, this got way more attention than I thought it would. I'll expand on our thought process a little more here. + +So first of all, I said that the new house is a potentially temporary house. I did say we were thinking of staying there for a year or two until the market *hopefully* settles down a bit. We're not trying to time the market. We're just a little hopeful is all. We do have other alternate plans. For instance, we keep the new house and use some of the profits of the sale of the old house to eventually buy a small second home...maybe a cabin or something....a vacation type home. We've also talked about buying a house to turn into an AirBnB. We have different plans that we haven't come to a decision on yet. We're trying to focus on one thing at a time here. + +The current house is a little over 2,000 square feet. It's a two story that has had it's fair share of issues and to be honest it's been a bit of a headache for the almost 13 years we've lived here. We've talked about moving for YEARS now and we finally decided that now that the market is hot that this would be the perfect time to sell. We're not selling just to make a quick buck, that's just a bonus. + +A little about the new house. u/ndunks1 hit it right on the head. It IS a manufactured home in a park. It's roughly 1,800 square feet and it's been freshly remodeled both inside and out. The park has painted the outside, they've re-done the flooring on the inside, brand new appliances, and other things that I'm probably forgetting. It's not some busted fixer upper trailer. Oh, and buying this manufactured home for $80k is only slightly more expensive than renting here would cost for a year or two. Plus, from what I've seen and read (I could be wrong, i'm not an expert) but manufactured home prices don't fluctuate as much as regular houses do. So if I were to eventually sell the mfg I could probably recoup some if not most of the money we spent buying it in the first place. I can't do that renting a house. Speaking of which, we did ask about renting it out in the future but they have a policy to where it can only be rented to immediate family. So unless that policy changes, or we move the home out of the park (which is also an option) we can't rent it out. u/KoLboLt27 worded the whole idea better than I did, but yeah. That's pretty much what we're going for. + +Thank you for the people suggesting High yield savings accounts. That sounds like the kind of thing we're looking for until we decide on what to do with the money. We are definitely planning on investing a small chunk of it into various stocks and things too. + +Oh yeah, and to the people discussing the tax fees...I actually hadn't heard of that until my co worker mentioned it to me the other day. That was actually one of the reasons I decided to post my question. But I did some research yesterday and it looks like that because I'm married and I am not making a $500,000 profit from the sale of this house, we won't be taxed/fined. + +I think that's the majority of everything. I appreciate everyone taking the time to comment, even all of you saying it's a terrible idea. Thank you! +That sub was compromised. + +GME was compromised. + +Apes are still there. Standing. Learning. Fighting. Buying. Holding. + +Those 6 months shown what we're made of. Freaking Diamond. I trust my apes and apettes to ride with me to the moon during the MOASS. + +TO THE FREAKING MOON AND BEYOND! +Ether was displaced by XRP as the 2nd crypto by market cap about three months ago (Sept. 21, 2018). Looks like ETH now surging to reclaim its number two spot. In my humble opinion, a centralized egold-like scheme ought not to have a place among even the top five cryptos. The crypto community should rally around decentralized solutions that have broad and deep developer talent and network effects. I just don't think XRP cuts the mustard. +Hi, + +I’m the creator and developer of ethersquares (https://ethersquares.io). Today I decided to place 0.01 ether in bets on each of the 100 squares in the grid to ensure that there would be a pool of winnings for any small bets that come into the grid. + +I spent my own money and time developing this decentralized game of squares so I’d really love any feedback. I invite you to come place your own bet and learn how a decentralized ethereum application works! + +Thanks, +Moody +Just to make it super fucking clear for the hedge cunts and shills that may be thinking about going after DFV: + +All Keith Gill has done from day one is share his opinions. He has not given marching orders. He has not asked anyone on Reddit or Twitter or YouTube to take any particular financial action. All he has done is share his personal beliefs and decisions in a public forum. Any arguments aiming to paint DFV as a market manipulator or the orchestrator of a pump and dump will fail miserably and reveal those behind them to be beyond disingenuous. + +What I’ve said above is clear to anyone who has more than two neurons to rub together. The guy found a value play, shared his opinions about it with the public, and a bunch of folks happened to agree with him. That’s it. That’s all that happened. + +I’m sure others have put similar sentiment out into the Reddit-verse. I’m just adding my assessment to the mix in the hopes that any entities engaged in information mining on this sub for the purpose of construing DFV’s actions as some sort of market manipulation will be forced to confront the fact that the vast majority of people on these forums deny such a narrative. + +I’ve simply been doing what I think is best. +Honestly, look at how the stock is being shorted and manipulated. If DFV and OGs didn't jump in when stock was around $5 or whatever, I'm convinced GameStop would have to file for bankruptcy and stock price would be way below $1. + +RC for all his vision, is taking forever to produce the marketplace. And we're all being patient about it. But if it wasn't for all of us, the company would be long gone. Cuz over a year of silence would give hedgies enough time to kill the company. + +Tldr: be proud of yourself and the community +If you've made enough to be comfortable for life or live off of a passive income, congrats! But although I've had some great gains, I can't shake the feeling that every dollar I put in today, can/should/will be worth 5-10 in a few years. In the spirit of not investing more than I can afford to lose, I'm not gonna kill my savings, so decided I'll churn some extra sidecoin instead. + +I just got accepted at a job of delivering food, think Door Dash/Uber eats, freelance kinda thing I can just rock whenever I have spare time and energy. Biking around in the sun on my ebike and listening to podcasts while churning out sats or moon shots (rather than rewatching The Office and staring at my charts), is honestly something I'm super stoked about - and since it's covid best practice to just leave the food at the customers door and every interaction goes through an app, even an introvert like me can get this done lol. + +I can't wait to tell my grandkids my own BTC pizza story, that delivering junk food helped pay for their education. I don't have too many crypto junkie friends, so just needed to share with you all. + +Thank you all for your inspiration. + +/shitpost. +Long story short: I ran an unlicensed marijuana dispensary and ended up getting busted. Charged with 100lbs. Hired a good lawyer, was able to plead down my case and ended up doing 48 days in county and two months probation. + +About ten months left of probation. + +Wife is in law school, one year left then bar exam. + +Have about 30k in savings + +I work full time for a custom home builder for $17.5hr. Been there for almost one year. + +Job isn’t to bad, just not very rewarding and I don’t see much room to move up financially (there’s 2 people in the company minus the two owners). Based on what I do, I don’t see them paying me much more then what I currently make. Main reason I stay is they are flexible with my hours, there are two-three days a week I have to be home at 3pm to get my sons off the bus while wife is at school. + +I’m 32. Very reliable, on time, work my ass off, common sense, trainable. I have never been fired from a job ever. If you met me, you would never guess in a million years I have a record or did two months in jail a year ago. + +Obviously with my record it’s been hard to find work. Only reason I have my current job, they never asked or ran my background. I interviewed several places before this, hired me, then couldn’t hire me once background check came back. + +My question: What could I do to obtain a real job, 50k+? I live in Chicago Burbs. Most of my previous jobs I got lucky through friends, but now that I have a record it seems no one wants to put there neck out for me, understandably. + +I look online for jobs but never really seem to find anything that fits my strengths or when I do reach out never hear back. Never really obtained a real job organically. I currently don’t make enough to pay the bills until my wife is a working attorney and feeling the pressure to provide for my family, but my precious mistake is costing me more then I anticipated. +Edit: I have decided, based on the advice here and from other sources, that I will decline this offer. + +I'm going to explain this situation as fully as best as I am able. Also, I don't really understand the concept of shares or if this is a good deal or not. + +I used to work for a company in the US which writes software for tax professionals, across the US, to process tax returns as well as being a certified transmitter for the IRS. + +This company is not publicly traded. + +Last year they got an offer for $5m, which I was aware of at the time as I remember discussing with the CEO how he didn't think it was worth it because at the time their growth was exponential. + +In February of this year there was an issue with a bank they were working with which cost the company over $2m and a large percentage of their client base. This led to a large wave of layoffs and a lose of clientele. The company still exists and is currently reestablishing itself, this offer comes because they believe that in order to regain the growth they had before, they need my abilities. + +As such, they have offered me 4% of the company, at no cost to me, and no salary as they cannot afford me. The CEO was discussing with me yesterday that the shares have no so far produced any kind of dividend but that if he was to sell I would receive 4% of the sale price which, going off of the previous offer of $5m, would be $200k. + +Is this a viable offer or should I turn it down? +I have a totally different reaction to an ad popping up on Brave than I do, say, a commercial on television. + +On Brave I'm getting BAT for that. + +I'm presenting myself to be advertised to and it was consensual. I didn't just have to take it. + +I would be happy to get a cut of, say, the RH payment for order flow as well but we're talking about crypto here baby +You might be SMART AS SHIT to invest in $FEG you degen apes + + +FEG was launched fair to Feed Every Gorilla + + +First SHIB+RFI + + +2% TX fee - 1% burnt to black hole, 1% frictionless farming to every holder. + + +51.466% currently burnt, 50% was sent to black hole which will burn heavy on every transaction. + + +DEV only bought 0.4ETH worth and will never sell bag, only some of fee gains! + + +LOCKED LIQUIDITY FOR ONE YEAR! + + +Basically this is better then SHIB as you farm the token just by holding it! + + +Telegram Chat: +u/fegchat + + +https://www.dextools.io/app/uniswap/pair-explorer/0x854373387e41371ac6e307a1f29603c6fa10d872 + + +Chartex: +https://chartex.pro/?symbol=UNISWAP%3AFEG&interval=720&theme=Dark + + +Get some! + + +Uniswap Buylink: +https://app.uniswap.org/#/swap?outputCurrency=0x389999216860AB8E0175387A0c90E5c52522C945 + + +Token Burn TX: +https://etherscan.io/tx/0x704556d22133bf559d39dff1372935097dc7df4607648e1fe70e0a0dc015ad76 + + +Liquidity Locked : +https://team.finance/view-coin/0x854373387e41371ac6e307a1f29603c6fa10d872 +IDEX Megathread 6/29 + +&#x200B; + +Please keep all discussion about IDEX here! + +&#x200B; + +All news, catalysts, and DD can be submitted as a stand-alone post. + +&#x200B; + +Please don't downvote others' comments in megathreads. Sorted by New is default within this post +Today I took the first step in getting my finances back in order. I lost my dad a year and a half ago and turned to alcohol and gambling because grieving is hard. I lost the man I looked up to. While coping with his loss I turned into a man he wouldn’t be proud of. + +Today I talked to the gambling site I used and told them I have a problem so that they would close my account. They blacklisted me so I can’t email back and say just kidding. + +Today feels like a great day to change my life forever. + +If anyone here is struggling and wants to chat I’m always here. We are never alone even when it feels like it. + +Love you guys in this group. Seriously. +Market will rally: + +https://www.businessinsider.com/stock-market-investing-bottom-rally-inflation-economy-recession-fed-rbc-2022-10 + +https://www.cnbc.com/2022/11/23/the-stock-market-is-poised-for-a-santa-claus-rally-but-not-until-after-the-fed-meets-.html + +https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/stocks-could-see-outsized-rally-123000659.html + +Market will stay flat: +https://www.businessinsider.com/where-to-invest-2023-stock-market-find-returns-goldman-2023-2022-11 + +https://www.google.com/amp/s/fortune.com/2022/11/23/goldman-sachs-stock-market-forecast-holiday-drop-year-no-gains/amp/ + +Market will crash: +https://www.google.com/amp/s/www.cnbc.com/amp/2022/11/29/double-digit-percentage-drop-will-hit-stocks-in-2023-morgan-stanley.html + +https://money.usnews.com/investing/stock-market-news/will-the-stock-market-crash-again-risk-factors-to-watch + +https://www.bloomberg.com/news/articles/2022-11-28/stagflation-will-dominate-in-2023-keeping-us-stocks-in-peril#:~:text=More%20than%20half%20the%20respondents,about%2012%20months%20from%20now. + +So you hopefully can see, it's completely idiotic to come up with a strategy based on what the media says as the opinions are all over the map. + +My strategy for 23 is to ignore the noise, and be confident in building my long positions through a DCA strategy as I am still a long ways from retirement. That way I'll be dripping money in the market the whole year, so that if we are not close to the bottom now, ill still have buying power when things get really "bad" (Aka discounted). Buckle up and enjoy the ride! +Afterpay has halved its annual net loss to $19.8m, in a year where heavy investment in geographical expansion saw active customers more than double. + +The payments group’s underlying sales revenue of $11.1bn lifted by more than 100 per cent year-on-year, up from $5.2bn in 2019. + +Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 73 per cent rise to $44.4m. + +Shares in the company pushed a fresh record high on opening, touching as much as $95.97, before settling at $93.44, up 3 per cent. The share rally gives Afterpay a market capitalisation of more than $26bn. At the depths of the coronavirus crisis Afterpay was trading at just $8.90. + +Active customers at June 30 grew to 9.9 million, from 4.6 million in the prior year. + +The result came as Afterpay worked to expand its foothold in the US and UK, and prepared for launches in the Canadian and European markets. + +Afterpay also confirmed a widely expected push into Asia, announcing it would acquire Indonesian BNPL provider EmpatKali as part of “initial steps to explore select opportunities in Asian markets”. + +Underlying sales revenue from the US and UK contributed 41 per cent of the group’s total in the year, up from 19 per cent the year prior. + +The buy now, pay later operator said it had been a “net beneficiary” of the impact of COVID-19, as consumers shifted towards online spending and away from traditional forms of credit, but emphasised uncertainty around the pandemic’s impact on global growth. + +Afterpay shares last traded at $90.72 each, more than double their highs around $39.44 hit prior to the sharemarket’s collapse in March. + +The fintech is now worth about $800m more than Coles, Woodside Petroleum, and Qantas. + +“We are the verb and our own category,” Afterpay said in its results presentation. “The traditional credit industry needs the consumer to lose for them to win, they survive by charging interest and pushing consumers into revolving debt. We trust in the next generation and reward people spending responsibly. We see the world differently.” + +The company added its risk model had been ‘tested’ in response to COVID-19, and its effectiveness proven. + +The results come ahead of an expected ASIC report into Australia’s buy now, pay later sector this month, and potential fresh regulation. + +“We responded to regular ASIC requests for information during COVID-19 as it monitors markets including buy now pay later,” Afterpay said. + +“Afterpay has consistently maintained significantly lower loss rates than our peers, as well as traditional credit products, who employ credit checks to recover debts, price credit, and potentially impact customers’ credit scores and ability to borrow. We welcome regulation that is based on delivering positive outcomes.” + +https://www.theaustralian.com.au/business/technology/afterpay-halves-losses-as-customer-numbers-double/news-story/92a35a359b2d8624354c3267e411b815 +Normally, home loans and business loans come through banks: + +* Since the GFC Banks have been relying primarily on deposits to finance loans (as opposed to the financial markets) +* It has become harder to get a loan from a bank in the past 3 years due to higher standards. + +Taking a loan from non-banks (eg: pepper money) has become increasingly popular filling the void that normal banks have left: + +* A way non-banks finance themselves is by selling mortgage backed securities (they bundle together loans and sell them off to investors.) +* Non banks may target people who were not able to get a loan from a normal bank (more risky) + +Now what I am trying to understand is, if non-banks continue to increase in popularity and rely on MBS, could this be a risk to the economy? I was under the impression that MBS were one of the causes of the GFC in USA. +My spouse doesn't ever want to retire and I fully support them. I am also fully in the FIRE camp for myself and could semi or completely retire right now if we moved to a lower COL area. We currently live in one of the most expensive cities in the US. Unfortunately, my spouse will not move to a place where there is less company diversity within our field (we're working in the same industry). And moving further out of our city isn't an appealing solution either because of the terrible commute times. SO thinks that it would be fine for me to semi-retire in our current position, but growing up in a lower-class household has given me a MUCH wider margin of error in regards to finances. Sorry if this sounds like a rant, I'm very frustrated because I'm so burnt out and my FIRE seems so close I can almost reach out and grab it! + +In some older posts, a good solution people have suggested is separating finances so you can better focus on your own FIRE journey, but I don't know if that's necessary for us since my spouse fully supports my desire to RE. **I'd really like to hear other people's experiences and solutions to pursuing FIRE as one-half of a married couple!** + +Edit: Just to clarify, my spouse does save for their retirement (max contributions) and are arguably more frugal than me. I think they just see their retirement accounts more as future fun or emergency money for the family. + +Edit 2: Some replies are telling me to just retire now, but as I stated above, I'm not comfortable doing it without a much bigger buffer. A recurring concern of mine is what if something happens to my spouse and they cannot work due to an unforeseen medical issue and suddenly they must find a new healthcare provider with a pre-existing condition? Maybe it's unrealistic to factor in these possibilities, but I'm definitely a worrier! + +Edit 3: Thanks everyone for your advice, especially those who shared their experiences! They've definitely been helpful at pinpointing the problem here, basically my own discomfort at trying to stretch a LCOL FIRE number to a HCOL area. I think I'm going to look into raising my FIRE number tonight by mathing out the actual numbers needed to settle down in our current city. Also going to look into taking a break from work to see if I'm really ready to retire or if I just need to refresh. +Recently stumbled upon a pretty interesting B2C niche that is highly fragmented. I am acquiring my first business in the sector, and in exchange for putting $100k down (and assuming $1mm of debt), I am getting a business that generated $265k of EBITDA last year. If I do this three more times I will have a business that does $1mm a year of EBITDA only putting $300k down. + +I live on roughly $35,000 per year (single 30 year old guy), but my current job pays well ~$325k / year. Call it $1.4mm of investments, some in private businesses but more in public equities and index funds. + +Give up a job that pays well and I mostly enjoy, or take the risk, be my own boss, and potentially make it big? If I leave my current industry it could be tough to get back into it (very competitve). Strangers on the internet, what are your thoughts? +I like a good bull run and price rise but downvoting people for taking sensible action (i.e. taking profit) is stupid (and somewhat dangerous) in my opinion. + +**Bubble?** +I think it is evident from the price action we are in bubble territory. Not just eth but the cryptosphere as a whole. I mean, for example, today nearly every coin in the top 25 list of coinmarketcap is show a daily growth of 5%+ and this behaviour has been going on for a while. Volume in fiat pairs is growing so new money is coming in that is expecting to get rich fast. That is not organic growth. That is euphoria. + +Where we are exactly, how high it will go and when it will burst and at what price it will stabilize nobody knows but this cannot be sustained indefinitely. It can take years or months or weeks but you have to be prepared. + +Don't get me wrong, I would love to have $1000 eth but expecting it is something different. Yes, the fundamentals are great, but so is the risk. + +**Bull run emotions** +Bull runs are exciting! Adrenaline through my veins and overall happiness about seeing the value of my stack increase. I like it, who wouldn't? When the run continues you want more! And at certain moments fomo sets in, intensifying the run. + +Advice in the daily is "BTFD!", "The price will go up so just buy! Now!", "Take out a loan? Of course, this is the future.", "It takes a week for fresh fiat to arrive so buy now if you can.", "Every eth under $100 is cheap eth", "HODLing for life". + +Well, this is not my first rodeo and bull runs end (just like bubbles). Whether you like it or not. We do not know when and at what price but end they will. It might be slow but it might also be very vast. + +**Sanity check** +Don't get caught with your pants down. If you have invested money sell some on the way up to take some profits or take out the principle or pay off the loan (if you have one). That way you can ride the wave with less or no risk. + +Saying you will never sell is easy during a bull run but is tough after weeks or months of price decline or a sudden mini paniccrash. Once you have reduced risk these times are better to stomach and prevent you from selling when you think all hope is lost (which may turn out to be the real bottom). These are the times where patient people slowly buy in preparation for the next run. + +Good news works in a bull market but in a bear market even unchanged fundamentals and good news will not stop the price from declining. + +Anyway, on with the bull run! + +*End rant* +I came across Rivet a few weeks ago, and was impressed with the actual project pretty much from the get go. There is a video available on their website (https://rivetzintl.com/) that provides a basic fast and understandable outlook of their offering: https://www.youtube.com/watch?v=KFaqDcOPAlc. + +A few facts about Rivet (RVT) and the company developing it, Rivetz Corp: + +1. They have a working relationship with the US Department of Defense and the Department of Homeland Security. What this means to me is, that their tech is advanced enough to be used and considered by such governmental offices. On top of that, just two months ago, the Department of Homeland Security (DHS) Science and Technology Directorate’s (S&T) awarded Rivetz with a contract under “Identity Verification & Validation for Mobile Networks Authentication Enhancement” see here : https://www.dhs.gov/science-and-technology/news/2017/06/12/news-release-dhs-st-announces-13m-sbir-awards + +2. The concept developed by Rivetz has been in development for a few years now, and the addition of the blockchain tech, is to extend and improve a working and proven solution. The foundation of attestation are based on trusted network connect standards, already defined for 8 years. The technology has been used for contracts with US Government, the most recent is with DHS, and the rest are a mix of manufacturers, Carriers and Enterprise customers. What will the BC tech add? “Blockchain is going to cause a disruption because we can put a birth certificate for a device on a chain and it will never change. Rivetz uses this birth certificate for a device to verify the data that came from the factory is unchanged. This should ultimately cause a clear liability problem for the supply chain to have data that works and can be proven came from them and has not been "hacked"” With the new ICO funding, the technology is going to marketed to end users as well, which opens a huge market with incredible potential. + +3. Most manufacturers are already on board in regards to the security measures done to the Trusted execution environment (TEE) inside the mobiles, with the remaining joining soon as needed. From the FAQ : "Trustonic, our partner, has already been deployed by manufacturers on 1 billion devices over the last 4 years, so there should be an installed base in the 500-700 Million units. Samsung, HTC, LG, Xiaomi, Miezu, ZTE, SONY, Kyocera, already deliver devices that will run the Rivetz trusted app." + +4. Steven Sprague, the CEO and co-founder will blow you away with his knowledge and insight regarding cybersecurity, security, mobile security and all related. Quoting patents, law, and so on. Yes, he does have a B.S. in mechanical engineering from Cornell, but still. I was very impressed with him after a few discussions. His https://twitter.com/skswave for the curious.. + +5. Dr. Gavin Wood, founder and former CTO of Ethereum, and founder of Parity Technologies is advising the team, and working with them together to increase security in the blockchain. Dr. Wood can open doors!!! More about that here : http://www.trustnodes.com/2017/08/04/ethereums-parity-technologies-tackle-blockchain-security-rivetz and here : http://www.prnewswire.com/news-releases/rivetz-partners-with-parity-technologies-to-improve-cyber-security-on-the-blockchain-300499056.html + +6. Partnership with Factom : "Factom has selected Rivetz to integrate world cyber-security for the Factom applications, and that Rivetz has selected Factom to assure the global integrity of attribute data for Rivetz-protected applications. " More about that here: http://factomize.com/how-factom-may-one-day-be-utilized-by-most-mobile-phones/ + +I could go on and on, but these six points alone, together with viewing the white paper (https://rivetzintl.com/rvt-white-paper-1.02.pdf) and the overall impression I have from communicating with Steven Sprague, have led me to feel LUCKY I am aware of this project at this point, and able to participate in their ongoing ICO. + +You can grab some tokens now with 20% bonus here: https://rivetzintl.com/sale. The 20% bonus is limited until the 40,000 ETH cap is reached (they just passed 30k). RVT is an ERS-20 token. + +This project is one of the most interesting projects I have come across, with solid development behind it, a great team and advisory working on it, and a huge client base waiting to become aware of this security wonder. + +I am in for the long run, but expect very nice returns until then! + + +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'm calling skincoin a scam right here. +First off this is me on Steam : http://steamcommunity.com/id/Metalmusen/ . I have been in the csgo buisness a while and have seen a lot of csgo scam gamblingsites. +Besides the fact that their 3 website looks really poorly made and that they are trying to raise a amount of Ether that is way to high, I want to call out their site https://case.club/ . + +https://case.club/ is like the average csgo gambling scamsite. You can see a lot of people winning a bunch or knifes and when you click to see their profiles, noone of them are even online on steam and pretty much all of them got shit inventories. I have so far not seen a single one of the "winners" withdrawing" any of their wins. + +My guess is that they are snatching the profiles of the people who log into their site, I in fact even saw myself as a winner of a knife on their site when I havn't even play or deposit anything to the site. When I clicked the knife I got linked to this page: https://case.club/users/11390 . It however doesn't say I have made any purchases so it could have just been some bugg on the site where is displayed the wrong info. But It did indeed link me to my profile. The only other way I could have gotten to that page would be if I quessed that my profile is listed as user "11390" as there doesn't seem to be any other way to figure out what user number your profile got. + +Really the only needed thing to declare https://case.club/ as a scam is the info I gave in the second Paragraph. A bunch of people winning knifes when noone of the "winners" are even online. I have seen then a couple of times before on other scamsites. + +They have currently raised over 8000 Ether ( https://etherscan.io/address/0x422Adcf787E49dD93CE10A583655c212e00d42ce ) +Please do not send any money to these people. + +I might analyse the project further and update here with what I find. +This post may have become a bit messy and I'm sorry for that, but I mainly just want to inform you about this scam right now so you dont fall for it. + + +**Edit**: here is their ico [website](https://skincoin.org/) And their [whitepaper](https://skincoin.org/whitepaper.pdf?v=5) if you dont already know what I'm talking about. + +Please dont just invest because people have a nice website and whitepaper. + +Sorry for bad quality but **[this](https://gyazo.com/cfd0edf57708bfa1335d592661a9167c)** + is pretty much how it looks on all the peoples profiles of those who are "winning" knives. Pretty much noone is even online and I have so far not seen a single one who have withdrawn their "winnings" + +______________ + +Igor (one of the founder) responded now with this: https://gyazo.com/35664f64011df6c131bbcd1dd6912fc3 +my answers to this is: +1) I do a analysis of case.club since you are the creator of the site and lists it in your whitepaper. I feel like it is appropriate to check your accomplishments. If case.club is a total scamsite, then it will tell a lot about your project. + +2) How can all those people win all those knives when they are not even online on steam? I monitored a bunch of people who "won" skins on your site and noone of them have withdrawn any of their "winning" (This doesn't even matter since they couldn't have been playing on your site when they were offline anyways) + +3) "all our real users get their winnings" Are you admitting that you have fake users? + +4) I added one dude who "won" a knife on your site and was online. He said he had not used your site. I quess I can add some more people and take screenshots or record everything if it is really needed. + +5) The idea behind skincoins indeed looked nice. Too bad the team behind it is a fraud. + +6) "If you're invested in SkinCoin I don't understand why you wrote such dirty and confusing posts. If you're not who involved in this project, so what you do here? Is your avatar shows your real character? + +Envy is a bad and unproductive feeling." If I were invested I would still like to know why you own a scamsite and I would also like to stop more people from falling for the scam. What does my avatar has to do with anything here? + +I also want to add now that another user on their slack also got his profile shown on the site as a user who won skins (even though he havn't even play on the site) +https://gyazo.com/3e848fbe966d7f732d89f7c547baad5a +http://i.imgur.com/MrNd3Rz.jpg +___________________ + +**(2017-06-27)** +They have now removed the ability on case.club to see the "winners" profiles on steam, so now people can't see that all of their "winners" are fake +I've been on this forum for a while, and every time it comes up I see a lot of incorrect information about prenuptial agreements. They're a pretty useful/important concept if you're getting married and pursing FIRE, so I figured I'd make a post about them. + +Before we start, though, a disclaimer: I'm not your lawyer. Moreover, I'm not even *a* lawyer. I'm just a guy who's read a lot about this particular topic and went through the process of writing one. If you and your partner are drafting a prenup, you *really* need to have lawyers involved. Preferably an independent one representing each of you. Also, every state has slightly different laws regarding contracts in general and prenups in particular. Pretty much every statement here (and in legal matters overall) come with the caveat of "this may be generally true, but in your state it might be slightly or significantly different." + +First up, the basics. What's a prenup? It's an agreement signed before a couple gets married that can govern a boatload of things that really become important in case of divorce. States have rules for what happens between two people when they divorce. Mostly it's things like how to divide property, how much alimony is due if any at all, how much child support is due, and what sort of custody arrangement there would be. A prenup can supersede some of that and not others (more on that second bit further down). + +The default is usually a 50/50 split of everything earned after marriage (and under some circumstances things from prior to marriage)--property, savings, retirement accounts, debts, custody, whatever. That's often dependent on the length of the marriage (you're generally not giving up half of your possessions to a spouse you divorced after 6 months). [For obvious reasons, a lot of people don't like the idea that they might have to part with up to half of their worth.](https://www.ncpaynelaw.com/blog/2017/04/five-reasons-why-a-prenuptial-agreement-is-a-good-idea.shtml) So a prenup can do things like say what the property split will be, superseding the normal state-mandated split. + +A common prenup arrangement basically eliminates marital property. For example, say a couple buys a house while married. Normally, if they divorce that's the property of both spouses regardless of what the deed might say. So, the former couple has to come up with a way to split it that’s fair (and if they don’t, sometimes the court steps in and decides for them). They can do things like sell it and split the proceeds, one buys out the other’s half of ownership, or one keeps it and it counts towards their half of the overall split of assets. + +In that case, if they had one, their prenup could basically say “no, if they divorce it's the property of the spouse that bought it.” + +That’s really the benefit of the prenup. At the most basic, partners have to consider how they divide things between them. + +A lot of people here seem to be under the misconception that prenups are worthless and judges thrown them out on a whim. [That's totally incorrect.](https://www.cnbc.com/2014/09/03/how-safe-is-a-prenup-breaking-it-up-can-be-hard-to-do-lawyers-say.html) Mostly because of something called the [Uniform Prenuptial Agreement Act.](https://en.wikipedia.org/wiki/Uniform_Premarital_Agreement_Act) A prenup is just a particular type of contract. A divorce is just a civil dispute. Courts generally honor contracts in civil disputes, because it's a whole lot easier than using the powers of the court to force people into doing things they don't want to do. It's really hard for your divorce lawyer to argue that taking a particular action is unwarranted, unfair, or inappropriate when you personally have signed a legal agreement specifically saying that action is fair, warranted, and appropriate. + +However, prenuptial agreements aren't ironclad. [They can and do get ruled invalid and thrown out by courts.](https://www.forbes.com/sites/jefflanders/2013/04/02/five-reasons-your-prenup-might-be-invalid/#74afaf5b19a5) However, you can pretty easily guard against that by taking a few simple steps, because the ones that get thrown out are usually thrown out for very basic and easily avoidable reasons. + +First, both couples need independent legal representation (some states even require it). Why? Because a prenup is a legal contract, and having your own legal representation during its negotiation is the best way to demonstrate that both sides fully understood the implications of what they were agreeing to. + +Having independent legal representation also helps with the second bit: negotiate in good faith. "Good faith" is a pretty well-established concept in contract law, but as it relates to prenups can basically be boiled down to being open, honest, and fair. Courts will not look kindly to a prenup that agrees to a lot of leeway for partner A if partner A hid a bunch of assets when it was drafted to make themselves look poorer than they really were. Courts will also not look kindly on a prenup that clearly makes partner B destitutely poor after divorce. A prenup that says to partner B "You can't work while married and you get no assets, no alimony, and you take on all marital debt upon divorce!" is not going to be upheld. + +[Last, there are some things that prenups expressly cannot cover.](http://family.findlaw.com/marriage/what-can-and-cannot-be-included-in-prenuptial-agreements.html) The biggest one is probably child support. The legal idea is essentially that child support is something owed to the child, so the parents can't negotiate it. But your prenup also can't say things like "we will have sex at least 3 times a week for you to be due alimony." Basically, keep your prenup to financial matters only. +https://www.bloomberg.com/opinion/articles/2021-05-18/s-p-firm-forgot-to-update-the-xiv-index + + +Relevant text: + +>How are things at the $2 billion deli? + +>>Hometown International, the mystifying New Jersey deli company that is valued at nearly $100 million on the stock market — despite running just a single deli — has ousted its CEO, according to a financial filing. + +>>Paul Morina, a local high school principal and renowned wrestling coach in the area, was removed after a vote by majority shareholders, according to the late Friday filing. + +>>Morina owns about 1.5 million shares of the Paulsboro-based company, which are worth more than $18.5 million based on the company’s current stock price. + +>>Shareholders of the company also ousted the company’s only other executive, vice president and secretary Christine Lindenmuth, who works in her day job with Morina as an administrator at Paulsboro High School. + +>Here is the filing, from last Friday. It is not quite accurate to say — as the New York Post’s headline does — that shareholders fired Morina. It’s more that they demoted him. He lost a lot of titles: + +>>On May 13, 2021, the Board removed Mr. Morina from all officer positions he held with the Company, including President, Chief Executive Officer, Chief Financial Officer, and Treasurer of the Corporation, effective immediately as of such date. + +>But he still runs the deli: + +>>Mr. Morina and Ms. Lindenmuth remain principals of the Company’s operating subsidiary, Your Hometown Deli, LLC. + +>See, Your Hometown Deli is a deli in Paulsboro, New Jersey, that occasionally sells sandwiches, mainly to curious financial journalists. Hometown International Inc. is a U.S. public company, with a basic market capitalization of about $100 million and a fully diluted market cap of about $2 billion, that is some sort of mechanism for taking a foreign company public in U.S. markets and that also happens to own the deli. The $2 billion public company is now run by Peter Coker Jr., a Hong Kong-based financier who was already the chairman of the board and a major investor in Hometown International, and who “intends to devote his full time to seeking a business combination for the Company,” as the company said back in March. It makes sense that the mergers guy in Hong Kong would run the $2 billion company that’s in the business of merging with an Asian company, and the wrestling coach in New Jersey would run the local deli in New Jersey. Sensible division of labor! It was always weird to have the New Jersey wrestling guy in charge of the Asian merger company! Also it’s weird that they’re the same company. + +>The deli has had some other good filings recently. Yesterday it disclosed that its quarterly report will be late, “because the Registrant needs additional time to complete certain disclosures and analyses to be included in the Report.” The relevant quarter ended on March 31, before Hometown became famous, so the problem is not that they sold so many sandwiches to so many financial journalists that their accounting systems couldn’t keep up. I assume that, given their recent scrutiny, everything just needs to be lawyered a bit more carefully than it has been in the past. + +>Also here is an April 30 filing in which Hometown “disavows the price of its publicly quoted stock on the OTC Markets under the trading symbol ‘HWIN.’ Management is aware of no basis to support the Company’s stock price, based upon its revenue or assets.” I am not sure I have ever seen a company “disavow” its stock price before, but I suppose it makes sense. The filing accurately notes that “there has not been, nor is there, significant trading volume in the Company’s stock,” so it’s not like anyone is particularly getting ripped off by the deli’s weird stock price. It’s just a weird artifact. Still, probably best to disavow it. + + +This whole story is just top tier entertainment, also if you've missed some of the context see the separate comment with backstory. And I've said this a thousand times, if you're not getting Matt's daily newsletter than you're really missing out. +I haven't had one in ...years. I've been homeless around 6 times (or seven i can't remember) and just passed my 2 year not homeless mark. I got a chime bank account recently (a real account, not prepaid, finally - just virtual). + +I put my last 2 dollars in it. I have a few savings strategies but I've always felt defeated looking at places like r/povertyfinance feeling like it's not enough, what i can save each check. + +Really, though, having $1,000 is the difference between sheltered and unsheltered. It's a few more seconds of breathing room when it's sorely needed. So it's not minimal. + +So here are my (minimal but pretty big for me) savings strategies: + +use the food bank rather than grocery shopping as much as possible. I can go once per week and they give a lot of useful food. also, limit eating out/delivery. + +i have the round up function turned on to round up the nearest dollar and put it in my savings account. + +put SOMETHING out of every check away. $50. $100. (ideally i'm gonna get up to 10 percent of every check). Something. + +I take money out of the ATM each check to pay my therapist. I'm going to take an extra $20-60 out each time and put it in a piggy bank at home - out of site, out of mind - and put any found change there as well. + +i'm giving myself a prize (samsung galaxy s9) when I've got 1 thousand in my account to stay. i have the obamaphone now, so technically i could just not do postpaid until next october (which, hey, i might)but i kinda wanna buy myself something fun. + +put my tax return automatically in the savings account. + +i'm really bad at this, but i know that even 2k-3k could be the difference between homeless and not, so, for now, i'll save what i can. +Hello reddit, +first post so lets get this over quick and easy, hopefully I didnt screw this up tooo much lol. + +My father passed away 5 years ago, leaving my sister and I his house and his assets. Shes an accountant so I signed over my portion of the inheritance, seemed like a good idea at the time. She mortgages the house and takes out half for her and 30 k for me, leaving 50k in equity left for me. + +Fast forward 3 years, shes owns a 170K house my mom and I live in, a house 425K with her fiance whos a city cop, a property with her fiance and my dads house. + +I move into my dads house, the house I used to live in goes unoccupied for a year, my sister and her fiance split. she hooks up with some dude and 9 months later a kid is produced. + +A real estate agent contacts me about selling my dads house, which was a huge shock, after not paying anything on the house i used to live in, the bank took the only assets she had left, that had any equity in it, which was all mine. + +So im trying to figure out a way to make this right, she barely pays me anything to make it up. Legally im sure i cant do anything, I tried the "tony soprano" approach. Ive tried to help her sell her 2012 ford edge and get her into a 2000 dollar car, but shes resistant and lies through her teeth. + +any ideas redditors? + + +EDIT: WAY more responses than i was expecting, thanks everyone, as some said, lesson learned, and i agree. To the 2 people who said they were lawyers and gave me great advice, thank you. To the 25+ people who said theyre not a lawyer but still gave great advice, thank you also. +I will be contacting a lawyer in the next few weeks. + +I’ll be transparent from the jump: my main position is with the “other” one. I have a small holding of GME. GME apes are OG and apes don’t exist if not for GME and DFV. I will beat that drum til I die + + +Now: the fact that 4 day old mod is allowed to freely post a FUD piece with obvious misinformation (500M shares have been off the table for a month+) and this sub hasn’t gotten up in arms, yet it FLAMED Warden who had been a beacon of actual DD for months and was forced to step down is beyond concerning for me as an ape regardless of my positions + + +Sharkbait’s FUD post is way worse than the Warden drama in my opinion, especially given the timing of it with Friday being the last day for movie stock holders to be included in their own shareholder vote. + + +Can you imagine the uproar this sub would have if anyone tried to impact GME’s vote? This sub would go APESHIT 🦧💩 + + +I call shill and the motivation to post it is beyond sus. + + +Bring on the downvotes + + +EDIT: If sharkbait removes his original post, please let me know and I will take down this post calling him out as well + + +EDIT2: some of you have made it verrrrry clear you despise the other stock, especially here. So why do you defend a brand new mod posting a FUD piece specifically about that stock here against sub rules and the collective understanding? Forget everything else - why are you okay with that all of a sudden? That alone would’ve had 200K apes up in arms 2 weeks ago + + +EDIT3: Warden wasn’t forced out; he stepped down after a meeting of the mods. Poor choice of words. More like backlash from his actions led to his eventual departure. And I guess he wasn’t the beacon of DD that I remember him being? Crayons aren’t brain food for the memory. I maintain that Warden was more valuable than sharkbait and accept that we all have differing opinions on the efficacy of individual mods +I'm already heavily leveraged into Kraft, Hidden Valley, French's, but with the ongoing volatility in the market over the past few weeks I'm looking to diversify. + +Are there any good dip ETFs I should look into? +https://www.bloomberg.com/graphics/2018-payment-systems-china-usa/ + +> The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies. That contrasts with the U.S., where numerous firms feast on fees from handling and processing payments. Western bankers and credit-card executives who travel to China keep returning with the same anxiety: Payments can happen cheaply and easily without them. + +> Alipay and WeChat have since swelled in popularity, boasting 520 million and 1 billion monthly active users, respectively. Consumers sent more than $2.9 trillion inside the two systems in 2016, equivalent to about half of all consumer goods sold in China, according to the payments consultancy Aite Group. + +> In contrast, U.S. consumers still rely on banks for most non-cash payments—whether it’s by check, debit, credit or a growing number of other payment systems tied to their bank accounts. Connected to that is a universe of wallets and payments systems operated by the likes of PayPal Holdings Inc., Apple Inc. and Alphabet Inc.’s Google. From the perspective of merchants, too much of the U.S. system siphons off enormous amounts of money. + +> Perhaps the clearest opportunity lies in siphoning off some of the fees that U.S. merchants pay to accept cards and mobile payments—about $90 billion a year, according to the Nilson Report, an industry newsletter. That money gets parceled out to card networks such as Visa Inc. and Mastercard Inc., payment processors and banks, which pocket the largest share. + +> In China, analysts expect third-party payment providers to earn about 40 percent of such fees by 2020. If apps were to start grabbing market share in the U.S. at roughly the same rate they did in China, it would take a $43 billion revenue bite out of a business banks count as among their most profitable. + +> But that’s just one way that U.S. banks impose fees. They also generate revenue by dispensing cash. If payments apps were to replace paper money—as they have in many situations in China—another form of income could take a big hit. + +> Checking accounts generate about $3 billion in bank fees, which would dwindle if consumers embrace apps ($1.8B in overdraft fees, $783.3M in maintenance fees) + +> Soon, U.S. bank executives won’t have to travel far to see China’s systems up close. Alipay, owned by Jack Ma’s Ant Financial, has spent the better part of the past year inking deals with payment processors that will allow it to bring its technology to America. Already, many New York taxis offer it as a payment option to customers. + +> Meanwhile, Chinese consumers are starting to park more of their savings with the apps. In 2013, Alipay began offering money-market accounts. By last year, it had built that business into the world’s largest money-market fund with about $243 billion. For banks, that’s yet another bite. They traditionally hold customer deposits and use that money to fund loans—generating significant profits. If U.S. consumers were to start storing their extra cash with apps, banks would have to find an alternate—probably more expensive—source of funding. + +> Still, banks and payment networks have a lot to lose if technology firms succeed in grabbing market share—and there are signs that Alipay and WeChat aren’t the only firms that may flex their muscles. Amazon is said to be interested in offering its own product to mimic checking accounts while offering to lower costs for retailers who use its online payments service. + +I wonder how this would impact Mastercard, American Express, Visa, and other banks/companies involved with credit/debit cards? +While traveling around the world can seem like an exciting thing to do, it comes with its own set of problems. Fake and inconsistent reviews, over-dependence on middlemen and the fear of being cheated may dampen your travel experiences. + +&#x200B; + +What is required is a trusted network of like-minded people and an ecosystem that brings all the stakeholders of the tourism industry together for mutual benefit. And what better technology to power such an ecosystem than blockchain? + +&#x200B; + +I just found out that there is actually a project that is doing something in this regard. OnLife is creating a blockchain-powered ecosystem that unites travellers, locals and international businesses. Here travellers can share their experiences and itineraries and get rewarded for their content. An in-app payment system empowers all stakeholders to pay and receive for services through a common currency. Businesses get organic and honest marketing from travellers and users. All in all, honesty, quality and transparency pays on this platform. + +&#x200B; + +I think the travel and tourism industry is ripe for disruption and it is time stakeholders like travellers and small, local businesses share a larger piece of the pie. I am betting on OnLife and the fast-growing $1.5 trillion industry. +Hi guys, + +Looking to get into a little day trading to try and boost my portfolio whilst I hold my primary coins. + +Looking to educate myself before kicking off. + +Does anyone have any books, YouTube channels, blogs etc which they recommend? + +Also any advice would be appreciated. + +Many thanks, +While traveling around the world can seem like an exciting thing to do, it comes with its own set of problems. Fake and inconsistent reviews, over-dependence on middlemen and the fear of being cheated may dampen your travel experiences. + +&#x200B; + +What is required is a trusted network of like-minded people and an ecosystem that brings all the stakeholders of the tourism industry together for mutual benefit. And what better technology to power such an ecosystem than blockchain? + +&#x200B; + +I just found out that there is actually a project that is doing something in this regard. OnLife is creating a blockchain-powered ecosystem that unites travellers, locals and international businesses. Here travellers can share their experiences and itineraries and get rewarded for their content. An in-app payment system empowers all stakeholders to pay and receive for services through a common currency. Businesses get organic and honest marketing from travellers and users. All in all, honesty, quality and transparency pays on this platform. + +&#x200B; + +I think the travel and tourism industry is ripe for disruption and it is time stakeholders like travellers and small, local businesses share a larger piece of the pie. I am betting on OnLife and the fast-growing $1.5 trillion industry. +Governments and Institutions around the globe slept through it and and didn’t catch crypto at the very beginning then in 2021 when they realized the potential of crypto it was too late for them to get in anymore; solution? Crashed the entire market to make a favorable path to either invest or create their own crypto coin. Now many of you may not agree with me which is totally ok, everyone is entitled to their own opinion and conclusions. But I highly encourage everyone to read a little bit about it, there is legit information all over the internet. +Some helpful information to read more about: Nubank is launching its own cryptocurrency and Warren Buffett invested billions on it, JPMorgan rolled out its own token, JPMCoin, an stable-coin that maintains a one-to-one peg to the U.S. dollar and there is a lot more information about institutions getting their hands on Crypto. +Crypto will raise again, all we have to do is educate ourselves, find a couple of good projects and Altcoins, invest only what you can live without for long term (3-10 years), hold strong, do not panic sell (you are not losing money until you sell) and educate others. +Again this is my own conclusion and opinion based on what is happening. Always do your own research, take your own decisions and don’t let others tell you what is best for you. +Happy investing ride! +Hi guys, + +Looking to get into a little day trading to try and boost my portfolio whilst I hold my primary coins. + +Looking to educate myself before kicking off. + +Does anyone have any books, YouTube channels, blogs etc which they recommend? + +Also any advice would be appreciated. + +Many thanks, +What I’m wondering is this; is there a point in the journey, in terms of net worth, when there started to be a marked exponential growth? I’m wondering if there is a specific number/goal to keep in mind in this respect. +Looking for some advice on the best way to handle a ‘realtor’ situation. + +Contemplating making a move inside of my neighborhood and upgrading to a house with a nicer oversized lot and a remodeled kitchen. Both homes are in the $2 -$3m range, same square footage. + +My current home is NOT on the market and i do not have a realtor. If i am willing to pay a delta of $350,000 - $500,000, what is the best way to approach re realtors? + +Here are the options: + +1. I engage my own realtor +2. I contact the realtor for the upgraded property currently on the market with the prospect of handling everything +3. I approach the owner directly (we have mutual friends in the neighborhood) + +I do not want to carry both houses but have financial flexibility. + +Suggestions and thoughts welcome. + +Thanks in advance +I been telling my mom about crypto for a few years now.. she finally called me and asked me about how to buy some. I told her ok 5k will buy some Bitcoin to start. She goes no I heard ether is the one that’s gonna change a lot of things.. I was shocked of course lol. She said ok I want to buy 5 coins how much and buy it for her. Now I know the rules (I live in nyc, and so does my mom. So we have much more stupid regulations). + +So I made her buy 1k eth the first day.. then made her deposit 700$ everyday for a week then we bought 3 eth and a lil btc. 2 weeks later we (she) managed to acquire 15 eth.. + +now Shes checking prices as much as I do or her calling me to ask me “how’s the market doing” lol + +but I don’t mind, crypto has honestly helped me in more ways than just making money and being part of a great movement, it actually helped me build a relationship with my mom I’ve never had.. sounds drab but it’s kinda important for me, we never had a relationship since I was about 8 and I lived with her the whole childhood ����😂 so we (her) working towards 33ETH so I can start staking it for her..(hopefully she shares with her son when she’s rich lol, I’m not rich. I only able to work with 1 ether for myself with my salary atm) 🤦🏾‍♂️🤦🏾‍♂️😂😂.. not the best story but it’s how finally built a relationship at 25 years old with my mom thanks to crypto ☺️ +All of the sudden they force ICN hodlers to register and verify on their website to convert ICN to eICN. Two years from now eICN hodler will probably have to convert to LOLeICN.. what a joke. + +Buybacks/passive income are no longer a thing. + +&#x200B; + +Those who do not want to convert to eICN can convert to ETH for a laughable ratio of 0.0019 BUT this is not handled via a smart contract and people are forced to do it via their website. The process is expected to take several rounds/months until people receive their ETH. + +&#x200B; + +So Jani and Tim used all the funds to setup a company in Switzerland while shitting on all promises made to the investors. + +&#x200B; + +well played +The current bitcoin drama will likely impact the rest of the crypto space, and I think this article does a great job outlining the upcoming hard fork. Plus, there's a nice shoutout to Ethereum in the article. + +https://www.forbes.com/sites/laurashin/2017/10/23/will-this-battle-for-the-soul-of-bitcoin-destroy-it/#1a5d64a3d3c0 + +There something to consider with the Gnosis ICO. The Gnosis team essentially wishes to achieve $12.5 million in financial backing. If they can do that in a couple of days, with higher priced GNO, then they can also keep much of the GNO supply for [themselves](http://i.imgur.com/WAVLXWE.png), and use that GNO supply for longer term rewards, incentives, and needs. Given how much hype GNO has had, I think we can expect that this is likely going to happen. In other words, in all likelihood, **Gnosis economics is being set up like Ripple, where the core developer group holds the vast majority of tokens.** It will be centrally controlled enterprise. This is not meant to imply FUD. They are a very strong team and part of a very supportive developer network. But you should know what you're getting into. + +My guess is that GNO will sell out easily within a few days. GNO market cap will be dependent on how much GNO ends up in the market from the devs. **Like Ripple**, the devs would be empowered to manipulate the market cap to look much higher than it actually deserves, again **like Ripple**. I do feel that Gnosis team are part of a group that's earned a lot of trust, but you should be very aware that this ICO strategy require that you, as an investor, trust them to a remarkably high degree. + +I'm excited by Gnosis. I think prediction markets are very useful and the team is quite strong. But I could never invest in a cryptocurrency requiring this much trust. Much like I'll never hold XRP, I'll never hold GNO. + +There's been quite a bit of discussion around Crypto taxes lately, as expected with how much the market changed in 2017. Most of us are willing to pay our legally owed taxes once we hit our moon, some may try to get around that by selling through localbitcoins or renouncing citizenship. Some may even await the day where Crypto is widely accepted and outright make purchases without converting to fiat. + +However, I haven't yet come across this message yet, at least not in a widely shared link, so I thought I'd spread the message. **You can legally live off your Crypto nest egg without paying any taxes by slowly cashing out** + +**Note this strategy isn't for everyone, in fact it may only be for a very small subset of hodlers, but I believe is still worth mentioning to those who aren't fully aware of tax regulations.** + +If you truly believe in the long-term utility and stability of your Crypto (in this case ETH), then you can afford to HODL onto your moon while cashing out your long-term gains at the 0% tax rate. + +The IRS allows all US citizens to take long-term (held greater than 1 year + 1 day) gains up to the 15% ordinary income tax bracket for 0% tax. In other words, if you were to retire and cash out just enough ETH to put you in the 15% tax bracket ($37,950 for singles and $75,900 for married) **you would pay no taxes.** +[IRS Table](https://www.irs.gov/taxtopics/tc409) +[Income Tax Brackets for 2017 and 2018](https://en.wikipedia.org/wiki/Income_tax_in_the_United_States) + +Let's visualize with an example. You are a married guy working a regular job paying $40K a year. Your spouse is a stay at home parent. + +On January 1st, 2016 you bought 2,000 ETH for $1 a piece, spending $2,000. +On January 3rd, 2018 your 2,000 ETH is now worth roughly $1.8M ($900 per ETH). + +Let's say you've already decided that you want to live off this $1.8M and quit working. The easy option is to sell all of your ETH to fiat and essentially get hit with an effective 17% tax off your $1.8M (15% on your first $76K to $470K in gains and 0% below $76K). You cash out with roughly $1.5M expecting a 4% annual withdrawal rate or $60K a year and spend the rest of your life posting on r/FIRE and avoid looking at Coinmarketcap. + +One other option is to put your faith in ETH, and after quitting your job you sell 84 ETH, roughly $76K for this year. If you don't have any other income, you pay $0 in taxes on that $76K, which will essentially feel like a $100K gross salary. + +Now you have $76K in cash and still 1,916 ETH, which amounts to your total of $1.8M. The extra $300K you paid in taxes in the first scenario is kept your digital wallet. Let's say ETH appreciates conservatively to $1,200 per ETH on 1/4/2019. Now you only have to withdraw about 63 ETH to cash out $76K tax free and you're original 1,916 ETH stash will have grown to $2.3M. **This strategy will allow to avoid paying crypto taxes and continue to reap the benefits of crypto appreciation.** + +Now the downsides and nuances: + +*1. ETH/Crypto could crash. (*again, this strategy is for the believers who have faith that ETH will at the very least maintain its current value, if not 1.5x, 2x, or 3x from today's price*.) + +*2. ETH could experience a multi-year / decade long bear market. (*similar response to #1, you could also lower your ETH withdrawal rate in case of a bear market and go back to work. Having a $30k/year job + benefits + $36K in ETH withdrawals isn't a bad life*.) + +*3. You can't live the millionaire lifestyle on a $76K/year allowance. (*All else equal, cashing out the full $1.5M in this situation and throwing it at safe bond fund won't allow you to live it either. Upon ETH appreciation, you can always withdraw a certain amount of ETH for planned large purchases like a house, fancy car, or wedding*.) + +In all likelihood, even the strongest believer in the Ethereum platform will have weak hands once they accrue millions. But for those who would rather get $76K and pay zero taxes instead of getting $300K and paying the government $80K, this is one option to consider. + +Happy Hodling. =) + +**Note, this pertains only to federal taxes. You will want to look up your state's particular tax code on capital gains as well. ** +I live in the USA. + +I want to invest the only thing putting me off is tax. I don’t know where to start. Do I report when I buy ethereum? Do I report when ethereum goes up? Since I’m doing this long term do I have to report my gains/losses every single time? I’m only 18 years old so this is all new to me. I have never filed for taxes. + +My other problem is I’ve saved up a few thousands that I’ve had from birthdays/gifts/family what if I buy ethereum and then start getting questioned how I got this? Like I’ve been saving this up for 18 years... Also my dad occasionally gives me money and whenever I don’t use it like $20 - $50 id like to buy ethereum with it, do I have to report that my dad gave me that money? And I also plan on putting anything I don’t use from my job towards ethereum. Idk the whole IRS scares the shit out of me, I don’t want to go to jail for a few years for not knowing I had to file an extra form to IRS. + +No it is not even close to $20K but if I keep buying as time goes by what if it reaches $20K or ethereum just goes up so high that my ethereum is now worth over $20K. I’d go see a lawyer but I feel like that money I waste for that could be used for more ethereum. And yes i know not to buy anything I can’t afford to lose. Thanks in advanced for any help. +Hey fam, +Welcome to the second talk of the series! /u/ameensol + and I just got off the phone! We had a great conversation [thanks to the submitted questions](https://www.reddit.com/r/ethtrader/comments/b23knf/ethtrader_member_series_part_two_please_submit/). Please check the first convesation with /u/jtnichol [here](https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/). + +**Link to YouTube**: https://www.youtube.com/watch?v=EopG76BU9hE +**Link to MP3**: http://krokodilmannchen.belgianboy.com/ethtrader-series/ameensol.mp3 + + +*I will be sumitting the RSS feed to iTunes so that I can make timestamps in Overcast.fm (my go-to podcast player). This process might take a few days. For now, you can manually add the RSS feed to you favorite podcast player: http://krokodilmannchen.belgianboy.com/feed/podcast/.* + +# The questions (more or less chronologically) +*Please note that I grouped the questions into five categories: General, Spankchain, Ethereum (governance, protocol, Reddit), MolochDAO and Closing Questions. Please click the category to go to the YouTube-timestamp. Also, I tried to tag everyone that submitted questions but I might've lumped some together and thus tagged the wrong person, whoops!* + +### INTRO/START ([timestamp](https://youtu.be/EopG76BU9hE?t=67)) +- Can you share a little bit about the place where you’re sitting right now? +- Who are you and what are your interests? What is your background? +- What, if anything, did you study? +- Who do you look up to, and if it's nobody in particular, where do you go for advice? + +### GENERAL ([timestamp](https://www.youtube.com/watch?v=EopG76BU9hE&feature=youtu.be&t=263)) +- As a former mesh member, what's your take on the work ConsenSys does and, if you're familiar enough, the changes that have occurred since you left? *u/DboVilakati* +- What do you think about ConsenSys' work which benefits oil and gas giants? *u/DboVilakati* +- I recently read an article where Gavin Wood was quoted as calling Joe Lubin the "Darth Vader of Ethereum". Any comment about that remark? *u/soupdizzle1* +- Crypto has already attracted much economic interest. What can we do to spark more interest in the potential social and political benefits of blockchain? *u/_lotuseater* + +### SPANKCHAIN ([timestamp](https://www.youtube.com/watch?v=EopG76BU9hE&feature=youtu.be&t=1090)) +- What's your elevator pitch for Spankchain when asked what you do for a living? *u/chazschmidt* +- Growing Spankchain has been a wild ride, I'm sure, and the company is still young. What's one thing you wish you would have done differently in terms of running a company in the bleeding edge space that is crypto? are there unique challenges you can share? *u/Trent_vanepps* +- When it comes to introducing the crypto model to empower people in the adult industry, how has the general reception "behind the scenes" been? The Adult industry is always referenced as being one of the first applications for new technology, it would be interesting to know if the cliché still has merit. *u/frescalal* +- Same question, but with regards to your "blockchain space" peers. How is their reception? I see Vitalik frequently mentioning Spankchain as one of the projects with scaling solutions, but are they all so open-minded? *u/frescalal* +- Do you ever regret not picking more discreet names for things? (ie ComeSwap) *u/chazschmidt* +- A recurring theme in your work is the idea that we can use blockchain tech to harness and redirect the human tendency to be overly-self interested. The Spankchain whitepaper, for example, indicates that it was conceived to address some of the predatory practices of the adult entertainment industry. What sort of unexpected obstacles have you encountered during those efforts? *u/_lotuseater* (I'm afraid I skipped this questions, but it got answered in another form.)​ +- Where do you see Spanchain in 2 years? *u/soupdizzle1* +- Is Spankchain researching privacy tech for the platform? *u/chazschmidt* +- Can you talk about how Spankchain/you are involved with helping support the ecosystem with grants/donations? *u/SuddenMind* + +### ETHEREUM, GOVERNANCE, OTHER PROJECTS AND REDDIT ([timestamp](https://www.youtube.com/watch?v=EopG76BU9hE&feature=youtu.be&t=2760)) + +- What's one of the biggest misconceptions that you've seen over the years with respect to Ethereum, both the protocol and the projects building on it? *u/Trent_vanepps* +- when you first came across it, what was your reaction / interpretation? How has that lined up with where we are today? *u/Trent_vanepps* +- What's been the most and least gratifying part about developing projects on Ethereum? *u/Trent_vanepps* (I think I skipped this questions but it got answered elsewhere.) + +- Would you be interested to be the release coordinator and/or have an active role in the core dev calls? *u/sfdao91* + +- Do ETH holders have a coordination problem? Do you have any advice for people in this sub who want to participate more actively in ensuring the best outcome for their investment? *u/carlslarson* + +- Do you believe some of the rumours that the Afri rage quit and various other activities was a socially engineered PR stunt? *u/etherbie* +- Would you want to take over Afri's old position? *u/oldskool47* + +- What are your thoughts on the /r/ethereum mod situation? They seem very apathetic, burnt out, and misaligned with most of the discussion around Polkadot and Ryan Zurrer. Taylor Monahan basically killed the conversation with a fake attempt at engagement and that was the end of it. No further follow-up has been made and Ryan Zurrer continues to sit as a moderator. Nobody in a visible position of leadership appears to give a fuck about public opinion regarding all of this. I worry this situation will fester and cause a much greater explosive reaction the next time there's a conflict of interest with Parity and co. What do you think? Do you have anything to add about how this matter was handled? *u/introspectre* + +- I’m not sure if the premise is correct for this one but: if polkadot also uses the ewasm design it seems plausible that products and services could migrate from Ethereum to Polkadot. Is this true? *u/DboVilakati* + +- What would you need to see happen on Polkadot or not happen on Ethereum in order to make the decision to migrate? *u/DboVilakati* + +- Where do you see Ethereum in 2-5 years? *u/reterical* +- What do you think ethereums greatest weaknesses/threats are and how can it overcome them. *u/etherbie* + + +### MOLOCHDAO ([timestamp](https://www.youtube.com/watch?v=EopG76BU9hE&feature=youtu.be&t=4734)) +- What’s more interesting, working on spankchain or MolochDAO? *u/SpacePirateM* +- The Moloch DAO goal to solve the "Tragedy of the Commons" problem is a very ambitious one. How does blockchain technology make it easier to turn such thought experiments into real world experiments? ​*u/_lotuseater* +- If MolochDAO fails, what would be the cause of that failure? *u/chazschmidt* +- When will I, a pseudonymous but very pro Ethereum user and Ethtrader, be allowed to join your Moloch DAO guild with a modest contribution of something like 10 Ether? *u/blockduane* + +- Moloch DAO is live but information on participating is pretty technical. Is it intended to be exclusive towards technical folk? What is the current status of the DAO as far as assets, members, proposals? *u/carlslarson* + +- Do you think a Moloch type DAO would be an appropriate way to hold funds in the ENS system? Perhaps instead of the current proposal where deposits and rent would be held in a multisig and dispersed by its root key holders as they see fit for development grants, development could instead be voted on individually and funded through grant submittals. If you decide to ragequit because you dislike the direction of development, you also release your ENS name. This could also mitigate the tax implications they currently face as it is seen as income as soon as it enters a multisig. *u/blockduane* +- The whitepaper describes the scenario where in a contentious vote only no voters may ragequit. Can no voters also choose to stay in the guild after voting and during the grace period, effectively leaving their options open? Is this attack vector mitigated in any way other than socially? For example, guild members may not let someone that acts this way mint new shares in the guild... *u/blockduane* +- Do you think that the lack of price promotion by the Ethereum foundation and leaders in the space could be out of fear of being accused of promoting Ether as a profitable investment and thus a security, rather than thinking price is not important to security of the network? Perhaps what you are doing by independently saying these things is exactly what the system needs, as the core devs cannot do it themselves. *u/blockduane* +There are a lot of things that I love about this sub. + +There's a very high level of interaction/conversation, most comments are useful, poignant & helpful and I just find the subject matter fascinating. + +Plus, to be honest, I enjoy being a "fly on the wall" so to speak when reading about people's financial theories that are so wildly different than mine. + +But there's one common theme in here that I disagree with quite strongly - and that's that every financial decision has a singular right answer, that the option that yields the highest return is the smart choice, no matter what. + +I just don't feel that life works that way. + +For example: + +- I understand the "math" of keeping a mortgage and investing more money in the stock market instead. But to me, the incredible feeling of owning your home outright is well worth a small loss in potential earnings - and if you're talking about financial freedom and a safety net, it doesn't get much safer than not having to worry about a house payment should you lose your job or choose to be temporarily unemployed. + +- There's a post up right now about the ideal tax return being $0. Sure...if you're diligent enough to invest every penny of that money year round you're right, but a lot of people simply don't have that discipline - so perhaps they truly are better off to be cut a fat check every year and THEN invest that money. + +Choose the right spouse for FI? + +Choose your career for FI? + +Life's just not that robotic. + +If the point of FI is to free - and happy - then intangible benefits of financial decisions ought to be taken into account, too. + + +A 4-year degree just isn't what it used to be and there are good paying trade jobs available these days because everyone thinks they need a 4-year degree. + +[NPR article on this topic](https://www.npr.org/sections/ed/2018/04/25/605092520/high-paying-trade-jobs-sit-empty-while-high-school-grads-line-up-for-university) +UPDATE: as of opening, I am now down 20%. Let's goooo! +UPDATE 2: Almost midday, we down bad guys + +I could have gained an easy 3.5k+ on my small account since February. I started with around 1k. However my dumbass just never takes profit. I'm up on a position like 25-35%+ in a day or two after opening them, but I'm always too greedy and never take profits and end up losing money. + +I rack like $50-75 in day easy with an investment of less than $300, but no. I want to be a millionaire tomorrow. + +Starting tomorrow I promise i will take profits and see how much my account grows in one month. + +Question: I bought an amd call today exp 7/09 strike 96 bought at 1.03 and are currently 1.42 im up already 37% should I hold considering i have another week? This is my main problem, I open positions and then a couple days later I'm up over 30% however DTE are over 21 days, usually a month out +Do I hold the option a bit longer or just sell it. This is probably why i don't take profits because im up nicely yet I still have a lot of time left. +My employer issued me a company card, however when it came time to pay the balance they informed me that I need to link the card to my personal bank account. + +This seems highly unusual, can anyone confirm? +I assumed this is a finance-related question so going to try it here. + +Out of all the jobs on my resume, this recent job would be most relevant for finding future jobs in my field. I would like to include it but not sure how to word it if I do. Is it a red-flag if an employer sees a resume with a short recent job like that? My other jobs are all 2-3 years, so I guess I have proof of being able to last in a job for a long time. + +One or two of my managers said they would be happy to act as my referee and they had lots of genuinely positive things to say about me. I left on good terms with 99% of people (neutral terms with the other 1%) +So I'm working at Aldi earning $60k at the moment with the potential to get a pay rose of 3-6k hopefully at the start next year. I was speaking to a friend that also works full time and they work in marketing earning 75k a year. With their salary being negotiated each year. + +At aldi there is no negotiations, instead it's set salaries. I'm able to live comfortably but work can make me physically and mentally exhausted due to the high demands. Am I pushing myself too hard for the salary? +My doctor died. My first bill wasn't sent through insurance so I had to ask that it be. I got my second bill, for $25, in late February. Two days later, I got a letter saying the office was closing due to the death and all debts had to be paid by March 23 or they'd be sent to collections. The office used a billing service, but that service is just providing customer service at this point and has no power to accept payment. All payments must go to the executor. I mailed my first check in late February and it still hasn't been cashed. The billing service tells me the executor won't REALLY send it to collections until March 30. SO! Based on that, I physically took a check to the post office where the executor's PO Box is located and mailed it. That was Monday. Put in a note saying this was a second check just in case the first never arrived. Billing service says there's nothing they can do and that they've relayed my messages to the executor. Neither check has been cashed and the 30th is Tuesday. I'm guessing I've done all I can do, but any recommendations??? + +I have pretty good credit (somewhere around 800) and I own a home so I won't be getting a mortgage anytime soon, but I'd still rather not have it on my record that something went to collections. Especially when I've been actively trying to pay. Will this actually hurt me much if it did? + +*Update* Just to be clear, I totally understand this isn’t a huge deal. I’m not dying over it. It’s really just an annoyance and I wanted to make sure I’m doing all I can to remedy it so I don’t have to bother with it anymore. +There is a significant amount of political support from the left in the US for various debt-forgiveness schemes for college loans, which is only likely to increase as the millennial generation ages into the dominant political demographic. At the same time, there is a pushback against unnecessary credentials and requiring diplomas for jobs that don't really need it. Further, COVID has normalized remote learning and put additional pressure on universities to lower costs for students. + +Due to all of these factors, it looks very likely to me that in 10-15 years, the landscape for higher education might be drastically different. Maybe the government will pay for college the same way public K-12 education is taxpayer funded (as many European countries do), maybe less expensive remote learning or vocational programs like the "coding bootcamp" will become more widespread and legitimate. + +Due to this, I'm not sure how much money it makes sense to put into a 529 account. I don't want to underfund future education needs, but I don't want to pay penalty taxes by have extra funds not needed for approved education expenses. Anyone else having similar thoughts? How are you planning? +Hi Guys, Been Lurking for a little while and thought I'd post as others seem to have received pretty good advice and guidance. + +I'm currently 30, in full-time employment, with an avg takehome of around 1.15k a month. + +I have no savings whatsoever, and everything I do just seems to be digging me deeper into a hole I can't climb out of. I'm honestly at my wits end and can't see any light at the end of the tunnel. + +As you can probably guess, I'm pretty terrible with money, and I've really tried over the past year to improve my money management and credit score, but it's just falling down around my ears. any help at all would be appreciated. I've looked into Consolidating my debts, but can't as I have a terrible credit score, so can't get a loan to do so. I've looked at the cost of declaring myself bankrupt and this seems like a viable choice, but I'm still unsure of the full ramifications. + +To give as much detail as possible, current finances are as follows:- + +Credit Score (according to Clearscore) 146 + +Debt Breakdown:- + +Credit Card: £500 +Car Loan:- £8030 +Phone:- £180 +CCJs total:- £1309 +Other Debts: £580 + Total:- £10,599 + +There's likely other debts I'm unaware of, or haven't been informed of yet. + +My Income averages at around £1,150 a month, after tax. + +My current outgoings are:- +Rent (Incl water): £450 +Phone: £49 +Internet: £40 +Car Loan: £145 +Child Support: £174 +Electric: £40 +Xbox (It's how I keep in touch with my Daughter): £30 +Council Tax: £88 +Credit Card: £30 (it just about stops it going over the limit with the interest) +Fuel: £60 +Other loans debts etc:- £50-100 + +Total: £1106 + +You'll notice a few missing things here such as Car Insurance, food, etc. This is because: + +Car Insurance:- Whilst trying to juggle my first years car insurance as monthly payments, I missed one this month, and it's defaulted. So I'm now uninsured, and expecting another addition to my debt thanks to this. + +Food:- I eat when I can afford to. This means I skip most meals, and keep myself going with small bits, mostly pasta dishes, at the rate of about one a day. + +I have no option of support from Family, as both my parents are separated, my mother works 12 hour days just to keep herself afloat and my Dad's been out the picture for over 18 years. + +What I'd like to know, is Bankruptcy the only really viable path for me in this situation? What will happen, will I lose my car despite needing it for work? I'm aware it'll affect my credit score for around 5 years, but I'm willing to accept this, as I can't see my situation improving much in that time period, and in-fact, most likely deteriorating. + + + + + + + +When I turned 18, I inherited over 600k from my diseased father. Currently, it's paying my rent ($365/mo) my mother's rent ($525/mo) my tuition ($16k yearly, not counting my scholarships and grants which add up to about $13k. I haven't gotten my FAFSA straightened out so I haven't received anything yet. This is my first semester.) It also covers all of mine and my mother's basic needs and utilities. She is by all means a leech who I've yet to shake, but that's a conversation best left for r/relationships. I do not currently work, because I fear it would interfere with my grades. I'm not sure if this is safe for me to do or not. + + +Anyhow, I'm just looking for any advice on investing, making large purchases, budgeting, and anything else you folks think would be helpful. I'm totally alone with basically no one to help with my finances, my family is a pack of hyenas, and I'm not sure where to turn. I had a meeting with a Merrill Lynch adviser several months ago but my mother scared me into not making any decisions. + +I also would like some advice specifically on real estate investment. I was thinking about buying a home for my mother, who is currently draining me with her rent payment. I told her I would think about buying a home if she found a way to pay her utilities, but I'm not sure about such a huge decision. + +EDIT: I forgot to add that in the current account I'm in my money is only making 0.25% annual interest. + +We have been saving for a house and are finally at 20K. My husband is now dead set on wanting to buy a plot of land and building a shipping container home for us to live in. Idea being we buy the land outright and then take a loan to pay for building the container. My worry is that it wouldn't be an investment like a house would be. + +Does anyone have an experience of the financial investment of this? I suppose if we ever wanted to move to a house we could rent it out as a holiday home, but then we would potentially be starting a mortgage 10 years later than we could have. We would still have to pay off the loan, but it wouldn't be anywhere near a mortgage level. If we did this would it have to be our forever home? +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. +When planning out long term what inflation assumptions do you use? + +I've had this feeling that inflation on high end things is greater than the headline CPI. Anecdotally, the place I lived in 5 years ago is about 30% more expensive today (rented condo), so ~5% YoY. Checked a couple of indicative purchases on my mint and seeing similar numbers. + +I think I remember reading Nassim Taleb talk about how he didn't buy TIPS because his personal inflation was far higher than CPI, but can't find the reference now. + +Or do you just plan to get to a 3% WR and retire then? +Hi Folks, + +I have a neurological disability (and on disability) that I don't want to get into and I'm single / 36M. It provides a lot of obstacles in a lot of aspects of life, but I have been able to invest really well throughout my life and, even, afterwards. Here's the scenario: + +1. Investment Condo: $3k rent / mo, $750k +2. Liquid Assets (stocks): $7M+ +3. Private Equity: $25k +4. On disability + +Now, I don't want too much money after reading into various lifestyles at certain levels of net worth. As my illness can affect behavior, I'm worried about getting into bad habits over the long-term. I want anonymity for as long as possible and just want to live well with family and friends enjoying the rest of my life with, maybe, a life partner. If the latter is not possible...well, enjoy being single as best as possible and REALLY work off the bucket list as a single disabled male in his 30's. So, here's the plan and target: + +1. Divest out of Liquid Assets when I hit my investment goal +2. Take out 401k (no addtl tax penalty bc on disability) and into Liquid Assets +3. Put all liquid assets into low-fee mutual funds and do SWR of $500k in annual investment income at 5-6% SWR +4. Annualized giving of $300k to a few local organizations via my DAF +5. Live nicely with $200k income: travel (as best as possible), work through my bucket list, learn hobbies, start a smb, invest more in private equity +6. Sell the investment condo and buy a dream condo for myself for the long-term +7. Help out my caregivers and my nieces with their financial lives while alive and posthumous too + +Is this a good plan? What should I consider? What am I missing? +I’ll be eligible for a full pension equivalent to about $80,000/year in today’s dollars when I retire. Assuming a SWR of 3%, that pension has a value of $2.6M. Would you add that value into your overall net worth? I’ll definitely be adding the annual payout to my SWR calculations for my passive income. +[ADAX.PRO](https://ADAX.PRO) is a team of people supposedly working on a new DeFi project for the Cardano ecosystem, and of course like the good little r/CryptoCurreny member I am, I've elected to do my own research and you should too. + +That being said I've found some disturbing rumours circulating about the project and so I started looking into them based on my own suspicions about the project being fraudulent. + +Now what do I mean? first off take a look at their [website](https://ADAX.PRO). At first glance it looks professional and it's certainly a fluid, well made web design however, when I really sat down and tried to learn about what they were doing I found it unnervingly hard to do so. I wanted to understand more about how the platform worked and how it would compete with other up and coming DeFi projects but all I could find was a well designed website with very vague descriptions about the project's inner workings. + +I read their white paper, I watched their videos, I watched multiple interviews with the CMO Dovydas Petkevičius and it was all to no avail. + +The project as a whole was lacking any kind of technical information. I could find no code, no Github, no visual models or plan for what they were creating. That's when I dove into their social media which unsurprisingly is rife with people that have the same concerns as me however they are far outweighed by the moonboy culture and active sentinels who will be ready to defend and shut down and reasonable questions that dare to dig a little deeper. There's a lot of "we'll be releasing code soon" "Just wait" type responses that have been the norm for months now. + +The telegram is full of people who want to go to the moon and the community and its mods encourage it. This sends off red flags instantly, I've spent time lurking pump and dump meme coin discords before just to observe (creepy I know) but I find it's a good way to gauge a community's drive and intentions. + +So anyway, this is long winded I'm sorry. When I'm checking out the team associated with the project on linkedin I notice a lot of the team members are based in Lithuania and there's nothing wrong with that of course but still I made the mental note. + +Fast forward, I look at the buying process for the tokens. They are only available on one exchange, EXmarkets. Nothing too unsual. A lot of startups require some sort of launchpad to get going. As I'm exploring the website I see a little Lithuanian flag at the bottom of the page "Oh they're based in lithunia too. Odd coincidence but not impossible. They could be working together" + +It's around about this time I look at the reviews for exmarkets. I found quite a few stories suggesting that the site is a scam and that large amounts of money customers had put in had been locked and subject to 30-50% fees to unlock. + +Weird, but there's always those few within this space who lose their money due to their own error and blame the exchange or the software. You see it on almost every crypto platform. I didn't find out much about the exchange other than it's a place that provides a service that facilitates newer projects with marketing and a listing on their exchange + +https://preview.redd.it/xzrj1zqn85j71.png?width=1407&format=png&auto=webp&s=e1681154d5be364f7d64e021ba7cc49b80db9262 + + Soon after this that I found [solanax.org](https://solanax.org) , an up and coming project that has a resemblance to ADAX. The web design is like a finger print of its developer. It's not just graphically and visually similar. It has the same level of opacity and vague information available as ADAX's project. Lo and behold their core team also is heavily represented by Lithuania. Now I'm feeling like a detective but I'm still doubting myself. I don't want to put out potentially damaging information to an honest project. What if I'm wrong and this is all perfectly innocent? But what if my suspicions are correct and more people will get hurt by this elaborate scam. People easily forgo reason when there's an expectation of a huge payout. + + I decided to check user reviews of Exmarkets. The reviews are highly positive in most places but if you look at it carefully some of the reviews are written under the same names as the telegram, reddit and discord active users/mods. Certainly there's incentive to do so. + + There are plenty of hidden negative reviews though and they mostly tell horror stories of losing money and having their funds locked. Some conspiritorial reviews even directed me to an old website [coinstruction.com](https://coinstruction.com) which is now down. Luckily we have a beautiful tool called the Waybackmachine that snapshots and archives the internet. Now compare and contrast this old project [https://web.archive.org/web/20191016202953/https://www.coinstruction.com/](https://web.archive.org/web/20191016202953/https://www.coinstruction.com/) with the current [ADAX.PRO](https://ADAX.PRO) site. Uncanny to say the least + +https://preview.redd.it/pewziwd795j71.png?width=678&format=png&auto=webp&s=e3cc22b7f08f15040cb81b8dfafac9ef1cde1b2b + +https://preview.redd.it/zuhtblz895j71.png?width=434&format=png&auto=webp&s=1d2bdf457bfb2575cc4b369a9261057f1b1070ec + +https://preview.redd.it/sow9ey4a95j71.png?width=403&format=png&auto=webp&s=e1472bbf0d7003aff1d25907992ab9d4e497d194 + + This isn't such a big deal. Marketing can and will happen. + + Now, after looking at the familiar vague descriptions of the Coinstruction plan and lighter than a feather white paper I moved on to the team at the time circa 2018-19. + + First thing I noticed was that the Coinstruction backend senior director Muhammad Furqan, is now the CTO of ADAX. Again it's not that odd. Perhaps the project failed and he moved on to ADAX with more experience and a better plan. + + The next thing I did was look into the founder of Coinstruction Tadas Kasputis. It seems he has a shady past and has been involved High-Yield Investment Programs and pyramid schemes since before Bitcoin was conceived. + + I found this [article](https://siliconangle.com/2015/01/23/millions-stolen-inside-the-elaborate-bitcoin-scams-of-tadas-kasputis-egopay-virtex-com-paymentbase/) from 2015 investigating some of his ventures. + +&#x200B; + + Needless to say this has raised more red flags and questions than I initially had thought. + + I could be wrong and I for sure don't have all the information available but I would think very very carefully about putting your money into this project. + + The lack of transparency is alarming and I'd hate for the start of the Cardano Ecosystem to be marred by a big rug pull. + + There's a lot of Cardano hype right now and people will absolutely FOMO into these without doing their due diligence. + +They also have partnerships with various other projects like Charli3 and Blackdragon which I haven't had the time to look into. I did see Charli3's white paper though and it suffers from a similar lack of information. + +&#x200B; + + If I'm wrong that's fine and I'll eat my words. But I'd rather people err on the side of caution during this time of immense hype. Life changing money is alluring and scammers are experts at taking advantage of that. + +&#x200B; + +The world is getting smarter and that means the scammers are getting smarter too. Be safe. +I'm labeling this "Fluff" because it's my opinion, but I believe GameStop is watching us closely. Heck, Ryan Cohen himself could be lurking. And if I'm right, that means our ideas matter. + +And I've seen some brilliant ones in this sub. And brilliant comments on those brilliant ideas. I've also seen about 15 bedpost memes in the last 10 minutes, which...nevermind... + +But Superstonk gives Cohen and our favorite company a place to hear our thoughts, read immediate feedback on those thoughts, and learn. It gives us a place to raise our concerns, and share constructive criticism that could, directly or indirectly, benefit GameStop. + +We're testing ideas in real time. Picking them apart. Making them better. + +This sub is full of highly qualified, intelligent apes. The DD is next-level. And we're not getting paid to be here. We just love the stock and the company that much. + +A few days ago, I [wrote a post](https://www.reddit.com/r/Superstonk/comments/o9cx49/gamestop_the_tech_giant/?utm_medium=android_app&utm_source=share) about why I think GameStop will be a tech giant soon. I hope I'm right, but the reason I came to that conclusion is, at least in part, due to all the amazing content I see in posts on this sub. + +As I said in the title, I believe we are the world's largest, most passionate and diverse, volunteer "think tank." Let's embrace that. + +Disclaimer: I like the stock but also eat crayons. + +🚀🚀🚀 + +Edit: typos. +With all of the recent extreme pump and dumps and extreme hypes, it’s had a lot of us chasing a stock in hopes that would be the one to take us to ‘the moon.’ + +It’s also surfaced some wise ones stating 10%-30% returns on a stock make a good investor. That’s still a high return percentage. + +So, it had me thinking. + +If I was to make a solid 10% return with an initial 1,000$ investment how many trades would it take to turn that 1,000$ into 10,000$? +That sounds pretty good. 10,000$. +———————————————————————- +It takes 25 trades with 10% returns starting with 1000$ +It takes 50 trades with 10% returns starting with 100$ +———————————————————————— +Some trades fly by 10% with a blink and yet we hold only to lose it and then some. Be patient, diligent, especially with DD, focus on your goal, and those 26-50 trades are going to fly by in no time. +I like what others are saying on here, we’re here for us all to make money. +START COUNTIN’ DOWN THOSE # OF TRADES, FELLAS + +TLDR: Easier to count down from 25 than count to 10k +Hello r/CryptoCurrency, + +For your awareness, we have unfortunately had to ban accounts and discussion of CoinLedger (formerly cryptotax.tax) due to [astroturfing](https://en.wikipedia.org/wiki/Astroturfing). This violates [Rule 3 of our subreddit, No Manipulation](https://www.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_3_-_manipulation) and we take this very seriously. This information was tracked down and compiled by a few mods and we would like to share some of it with you for transparency and education about online manipulation. + +You may have noticed that today there was a popular tax thread by stratguy56, who is just positively angry and bewildered about taxes in unspecified country! His confusion is notably contrasted by the fact that his entire history on reddit is talking about taxes and linking to articles on coinledger. His post even asks if coinledger is legit, to which their verified Director responds that they're not only legit but the best! Happily, OP edits into their original post that CoinLedger fixed all their problems. At no point does OP disclose that he is the [co-founder](https://www.reddit.com/r/sales/comments/jmzq3p/i_quit_my_6_figure_tech_sales_job_to_start_a/) of CoinLedger. + +https://preview.redd.it/sms3z5pdqgq91.png?width=1299&format=png&auto=webp&s=956616851c56119eef3e8bbdbfd1020ae0615a89 + +You would also find razor476 all over that comment section shilling CoinLedger, with no disclosure about the fact that they cofounded it. + +&#x200B; + +https://preview.redd.it/c5ldf405sgq91.png?width=859&format=png&auto=webp&s=a6cc300ee3782f46c833709842654900e6caadae + +To dive a little deeper into this behavior, here are some of their other accounts: + +* MilesBrooksTax - verified CoinLedger Director of Tax Strategy +* stratguy56 - CEO co-founder ([archive](https://archive.ph/H8jjL)) +* razor476 - Co-founder +* dudeson55 - dev +* theboyderoi +* ActualFirefighter211 +* ExcellentMain1 +* detgadget +* Educational-Link1456 +* repeters99 +* yayanippon +* Extension\_Spinach\_94 + +If you look through their history, you'll find that general pattern across much of crypto reddit. They'll ask beginner questions about tax, namedrop coinledger, and often answer each other. They pretend to be your average user who knows nothing about taxes and hates taxes (so relatable! where do I download?). I'm sure they really do hate taxes, but a crypto tax company certainly isn't ignorant of how taxes work. + +This unfortunate and deceptive advertising campaign has led to a ban of their accounts and discussions. Their verification and associated benefits are also revoked. We do not enjoy banning users or discussion, but we will not have our platform manipulated. It is our hope that they will participate fairly here after their ban and not escalate this to a permanent ban. + +Please keep an eye out for this type of behavior and report it to the mods if you see it. For some previous reports about manipulation, see the links below: + +* [Manipulation Report: The Helpful Network](https://www.reddit.com/r/CryptoCurrency/comments/tsiiqu/manipulation_report_the_helpful_network/) +* [Manipulation Report: The XMR Spam Attack](https://www.reddit.com/r/CryptoCurrency/comments/mjymxe/manipulation_report_the_xmr_spam_attack_424_known/) +* [Manipulation Report: The Fun Space Group](https://www.reddit.com/r/CryptoCurrency/comments/lke4he/manipulation_report_the_fun_space_group/) +* [Manipulation Report: Dream Network](https://www.reddit.com/r/CryptoCurrency/comments/d1qneb/crypto_reddit_manipulation_report_dream_network/) +As the title says, + +https://www.btcnn.com/venezuelan-government-anchors-its-minimum-wage-to-their-cryptocurrency-the-petro/ + +Right know people are at the streets crazy trying to buy ANYTHING most stores are closed. + +Living and surviving here, AMA! + +Edit: It's done. 5 zeroes were knocked off. Minimum wage will be 52 Bs. until September 1st (When it will get raised to 1,800 Bs.) today one USD is trading around 100-120 Bs. and one BTC is around 900,000 Bs. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +**tl;dr:** Prices are really low right now and it may be tempting to buy the token, but there is no bottom in sight. The Iconomi team is providing a product (on time, and in alignment with their roadmap, mind you) that provides NO value to the ICN token. And they have no idea how to make it add value. Everything they have delivered so far results only in lower prices for the ICN token even though the Iconomi company itself is flourishing. + +Unless you bought within the last day or so (or you got your ICN for free), anyone who is still holding ICN at this point has lost money. I'm a ten-month hodler, myself and i have gone down with the ship, trying at times to DCA in--but you just can't keep up with this floundering token. + +1. Neither BLX nor the Iconomi platform provide any value (nor require utility) for the ICN token. + +ICN was sold during ICO with the plan of the token representing ownership in the company and providing dividends. Now there is no ownership, and dividends have reverted to "buy backs" which the team has shown no interest in executing to the benefit of their investors. Now the token presently has no utility. The team promises that utility will be revealed, but will not provide any insight as to what that utility may be. There are currently 12 active DAA managers--and none of their DAAs require the ICN token to operate. let that sink in. + +2. The team are immature and incompetent in communication with investors. Even respectful **[full disclosure my most recent post was *not* respectfully toned]** disagreement or raising legitimate concerns in their sub is met with bans and snark from a so-called "professional" team. The fact is, they just don't care: they have all the ETH they need. To them, their investors are just silly moonkids whose money they took to build their dream jobs. The token price is massively down currently. Iconomi claims to want to be a bridge between old and new economy, yet show nothing but disdain for their investors. Even old economy, publicly traded companies show interest in the sentiment of their investors--it is important. But Iconomi has no such interest because the ICN token does NOT represent a share in their company. + +3. The ICN token has massively underperformed in relation to all other cryptos within the past year. Even in a ludicrously bullish market, ICN has performed miserably--this is largely due to the behavior of the team and their refusal to address questions in a reasonable manner. Their AMAs are nothing more than pathetic, rote scripts which do not encourage dialogue. They are the equivalent of reading a FAQ page. + +4. Every milestone that has been hit (beta release, public platform release, DAA managers being added), etc. has resulted in a still lower price of the ICN token. There is no reason to believe that the much anticipated "fiat gateway" and marketing efforts will result in any price increase in the ICN token. It's dead. There is no utility for it. + +I bought ICN high. Then I DCA'd in to get that average price down significantly--but i am still at a massive massive loss. ICN has been nothing but a mistake for me. And yet, I would be willing to have faith in their team if they showed anything other than indignation and contempt towards their investors. + +**While the Iconomi team is making great strides for *their company*, they are doing nothing for ICN holders. Do not buy this token until its value proposition is clear.** +I'm tired of spending hours of looking for a dapp that can bridge a specific token across different blockchains and end up NOT being to find anything. + +Like why is it so hard to bridge/swap bep20 shib to erc20? Why isn't there a dapp that doesn't require you to swap it to their native token (ik it's for the incentive of their own token and profit) to be able to bridge and then require you to swap it back. Like why can't there be a simple single liquidity pool for the same token but on different networks so that it just require 1 transaction and not a multi tax process? + +Is it too much to ask? I'm actually a software web developer still in Uni, but if anyone is willing to start a project with me to create a swap/bridge platform described above, DM me. I'm tired of this shit. Or is it that I'm not aware that there exists one already? Cause I sure did try looking for a solution for like a fucking day and got nowhere. Im a student so my dyor and investigational skills can't be that bad right?... +Its a whole lot easier to DRS in the A/C 😁 + +DTCC shit the bed this time and boy does it feel good to watch them scramble. Fatigued? Never heard of um. Keep going and buckle up! 🏴‍☠️ + +SOON: boxes coming out of buildings and lights on all night. + +Post moass party in zuccotti? + +Buy. Hodl. DRS. +Cya on the moon! 🚀 +I’m curious as to how others split finances with their partners. + +Some context: I was having a conversation with my mum and she told me how her and my step dad share everything they earn. Both of their incomes go into a joint account, and my step-dad manages all of the finances. All payments therefore come out of the same account. + +She was shocked when I told her my wife and I have completely separate accounts, and we keep a joint record of all our joint spending and split it 50:50 at the end of each month. For us, it means that we both have full control over our finances and aren’t “symbiotic” upon one another (for lack of a better word). There’s also a more practical reason too, in that my wife isn’t British and her clients all pay her in her home currency, so a joint account wouldn’t work very well. + +For our combined savings (goal is to buy a house), I pay X amount per month into a Vanguard account, and my wife pays the equivalent into a savings account in her home country. Reason being that we’re not sure where we’ll end up in 5 years time. Probably not the most efficient process but not sure how else to navigate our different currency issue. + +How about you? + +EDIT: why the downvote(s)? Touchy subject? + +EDIT2: seems that someone has been going through and downvoting all comments that are pro keeping finances separate…people are strange sometimes. +It takes weeks upon weeks to slowly climb in the charts, then within a few hours it we're right back to where we were months ago? Yeah, that blows. The fact that crypto is just some game for rich people to dip out of the microsecond something threatening from the Fed happens sucks. The fact that people bought only to see things dip like crazy sucks. + +And most importantly - all the people who are curious about crypto, and want to learn more and get in, but then see the prospect of losing 15% of their investment in a couple of hours and avoid crypto like the plague, THAT FUCKIN SUCKS. + +Sure, buy the dip if you've got money, make your trades, come here and make your post assuring everyone everything will be ok and act like we're all idiots who can't see you're just assuring yourself more than anyone. I'm not impressed anymore. It's fine for all of us to be bummed about this, and it would be great if this subreddit was a place that didn't make anyone who felt that way feel like some kind of stupid investor for having those feelings. + +__edit__: alright I'm disabling inbox replies now. Nothing new being said, my responses are clear, and there's now countless comments doing exactly the very thing I called out. All I'll say is if you're feeling bummed today, you're not stupid, you're not a bad investor, and it __absolutely does not mean you should leave crypto.__ It's a normal reaction and having that feeling isn't the same as throwing in the towel and giving up. Peace +You may not like it, but this is what peak autism looks like. + +https://www.theguardian.com/technology/2019/nov/22/elon-musk-net-worth-tesla-cybertruck + +EDIT: Okay retards. I understand losses aren't realized until you sell. The point is he lost all that value on that shit truck. That's more autistic than putting your entire net worth on $420 TSLA calls. At least there's a chance. +https://www.bloomberg.com/news/articles/2019-10-14/the-world-loses-400-billion-of-food-before-it-reaches-stores + +The world loses about $400 billion of food before it even gets delivered to stores, according to the United Nations. + +Some 14% of all food produced is lost annually, with central and southern Asia, North America and Europe accounting for the biggest shares, the UN’s Food and Agriculture Organization said in a report, citing the latest data as of 2016. Better cold storage and infrastructure would help reduce losses, but more detailed data on the supply chain is needed to tackle the problem, it said. +https://www.cnbc.com/2019/05/06/warren-buffett-says-stocks-are-ridiculously-cheap-if-interest-rates-stay-at-these-levels.html + +"I think stocks are ridiculously cheap if you believe ... that 3% on the 30-year bonds makes sense,” Buffett says. + +However, he doubts that low rates will always be the reality. + +“I don’t know in what way, but I don’t think we can continue to have these variables in this relationship,” Buffett says. +Hello everyone + +I wanted to hold my options for as long as possible. I was making money off of Theta. But, RH settled my options at 3.... Is that normal? + +I normally use Webull + +Thanks +Hi everyone, + +The changes from LIBOR to SOFR has been one of my biggest catalyst from when THE CHAOS THEORY was created and melons guide to the moon (months ago). + +Both DDs a must read for apes in my opinion. + +https://www.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +CHAOS THEORY LINKS BELLOW + +After everything that is going on, I kinda forgot about it and haven’t seen anyone mentioned it. + +This changes were going to be in effect at the end of 2019 and when they tried to implement it, it crashed the market. + +Then “conveniently” Covid came to play (not saying that’s the reason why Covid exist) but definitely used as a escape goat to delay those changes to mid 2021. + +I remember being excited when the day came, but suspiciously got delayed again. + +This time to December 31, 2021. + +Yes! The day in which everyone is gonna be so focused in the New Year’s Eve and the fireworks and everything, and not be looking into this. + +Let me refresh you how big the change from LIBOR to SOFR is. From the DD above that is months old. + +———————————— + +**LIBOR to SOFR** + +READ THE CHAOS THEORY DD](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) to have the proper DD about this. (recommend the whole saga!!) + +Changes from Libor to SOFR were meant to happen in 2022, but guess what? + +They pushed to June 2021!!! + +Update: the DD was written before June and I was so excited just to find out, was pushed again to December 31 this year. + +Original schedule changes here + +[https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab\_2](https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab_2) + +**This is massive!! Why?** + +Banks used LIBOR to manipulate their self created and self reported interest rates in order to be favorable and give away (lending) money left right and center. Where did tons of that money go? To HEDGEFUNDS, management and so on! The fat bonuses and feels to me like the perfect way to money launder (this is speculation of my side, educated one tho). + +They borrowed money from banks for almost no interest rates no matter how the economy and inflation was. + +Update: They kept on printing, to the point the inflation is 6.2% and everything it’s going up and up! during an unprecedented pandemic!!! For what? SHORTING and INCREASE THE WEATH GAP. + +They need to increase the interest rates as one of the main tools to control inflation, also need to recall money itself since the increase money supply is diluting the value and buying power of it. + +**Wtf??** + +Now you wonder why during a pandemic the whole market was “healthy” and up and growing right?? Inflating business with naked shares and more… + +Update: SP 500 it’s been touching record highs over and over lately, that is not normal, and the economy it’s not “fine”, it’s been artificially pumped by the huge amount of printing! + +You know where that money is going, central banks, MMs, SHF and upper management of business to pu themselves fat bonuses. + +**So what all this changes mean?** + +With Libor banks set interest rates themselves for their loans to business, institutions, people or the government) according to how the economy is, “using” indicators like inflation among others. [Read about it here.](https://www.investopedia.com/terms/l/libor.asp#:~:text=LIBOR%20is%20administered%20by%20the,data%2Ddriven%2C%20layered%20method) + +The banks have been manipulating this FOR A LONG TIME. Especially after 2008. + +I guess they wanted to recoup their loses and because being HOLDINGS now, they wanted to be bigger and bigger. + +CHECK ON MELONS DD on what Holdings means, and how fractional banking works (huge massive scam all interconnected and networked). + +**BOOM! The greed** + +They got too greedy.... :( Even during the pandemic they gave away loans at very low and favorable rates, it was more than obvious that the economy wasn't right... they needed to raise the rates! + +They didn't!! + +With the money they been also purchasing tons of real estate, TONS! And they still don’t want to slow down, no tapper yet! Insane! + +Now they are full of this bad bad loans with subpremiun and adjustable rates, but everything was ok as long as they kept on showing those fake interest rates right? + +SOFR arrives!! + +SOFR was almost implemented on 2019 and almost caused a massive crisis!! **BUBBLE ALERT!** + +why? + +**Lets find out what SOFR means** + +[What is SOFR?](https://www.investopedia.com/secured-overnight-financing-rate-sofr-4683954) + +https://www.jdsupra.com/legalnews/libor-transition-to-sofr-a-brief-9557503/ + +Thanks to a fellow ape in the comments for providing this link ❤️ + +The secured overnight financing rate, or SOFR, is an influential interest rate that banks use to price U.S. dollar-denominated [derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp) and loans. The daily secured overnight financing rate (SOFR) is based on transactions in the [Treasury](https://www.investopedia.com/articles/investing/073113/introduction-treasury-securities.asp) repurchase market, where investors offer banks overnight loans backed by their bond assets. + +So the interest rates are not going to be self reported by the banks, but instead the government is going to provide those rates to the banks based on the repo market. + +They believe is a better option than letting the banks manipulate the rates for their advantage. + +This magnificent ape made a really good post about it and thats how I found out about this problem, all credit to him!! + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +FROM THE **CHAOS THEORY:** + +Introducing **SOFR (Secured Overnight Financing Rate**)!!!!! This is a MASSIVE 200 trillion dollar transition that will take place over the next few years. + +**OH and it almost imploded the entire fucking market the first time it was attempted to be implemented back in 2019** [https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm](https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm) + +[Definition](https://www.investopedia.com/terms/t/treasurybond.asp) + +brilliant ape make the [**CHAOS THEORY**](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) and explains a lot of what im saying here. **A MUST READ** + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +I'll let the rest to the CHAOS THEORY, very well explained. + +——— + +For new and old apes, be aware, a lot of things are coming and the market is standing in a fine edge. + +Buckle up!! This is gonna be a bumpy ride! + +Can’t stop, won’t stop. GameStop now! + +🍉 out + +🚀🚀🚀🚀🚀 + +Edit: I will be re posting this everyday until December 31 hopefully with updates. Why? Because fuck em that’s why +Does anyone else find large money-related decisions being heavily influenced by their means? I know this is a frugal crowd, but has anyone else struggled with whether to buy a house below their means for the sake of finances or buy something more in line with their income level for the sake of happiness? + +I currently have about $300k equity in my house. I make low six-figures and have another $100k in investments. No other debt. Long story, but I need to sell. Home prices in my area have climbed a lot and what's available at the $300k price point are cookie cutter 1970s/1980s houses in subdivisions. Living in a subdivision like that would depress the hell out of me (although, paying cash for the house would make me very happy, at least temporarily). Living in a busier downtown area or in the country would make me much happier and increase my quality of life. However, both those options would probably be in the low $400k range. + +Am I being too much of a diva for not wanting to be in a subdivision? Plenty of Americans lead happy lives in those cookie cutter homes. Should I just learn to be more content? +For me I love cars. Not in the "fleet of lambos" way but in the "track prepped Miata" kind of way. I love driving and would love to do more track days, autocross, and even get into spec racing if I could afford it. But, I feel this impending wave of crypto coming and because of that I feel like I can't indulge in pursuing a somewhat expensive hobby until I cash out with a stack set aside to reinvest with. + +Anyone else feel that kind of constant pressure to invest and save at all costs, gambling that it'll pay off for later fun? +I have been scalping spy for a few weeks ago. I’ve been profitable almost everyday. BUT, it’s always greed that gets me. I have a target of $500 a day. But I’ve been up $2000 before, only to lose it on a trade and be down like 400. I always tell myself that I’ll stop and walk away. But my greed always says “just ONE a more”. And that one more is always the death blow to my profits +I'm curious to hear stories from people who have purchased solar panels and batteries like the Tesla Powerwall in recent years. Have you been able to sell energy back to the grid and generate cash? Enough to pay for the system? +I head Martin North on ABC radio, and he mentioned it takes 1-2 months for rate hikes to take effect on actual repayments. How many of these hikes have you experienced in practice? + +Bonus question: what % of your monthly income does it take to cover it? +I’ve only been actively investing for the last year. Made a bet on chipotle unfortunately but I’m holding put. My question is, are there any restaurants in the past that have gone through a similar extremely negative period? + + +It doesn’t have to be disease outbreak related, really just any company that went through a time as negative as chipotle right now. I think it would be useful to look into the past and see how these companies did after that rough time. +I'm interested to hear what you guys' tend to do when you're in profit from your stocks. + +I'm fairly new to trading and only started at the begining of 2020. My primary trade was in pz cussons at the start of the pandemic as I thought the carex brand would really shine. I bought at £1.60 ish and had a target price of £2.40. + +I sold most at target and left 100 shares that evened out due to the profit earned and taking that money out at £1 a share. This can then sit there long term as a cheap never know sort of thing.(currently doing well) + +I've recently bought into tullow oil at £0.28 as a gamble to see if they can survive the pandemic and get back to pre covid price of £2.00 and if that happens I'll probably cash out and leave maybe 100 shares in there for long term also. + +I'm happy with this approach and it allows me to have a broad portfolio over time that really hasn't cost much at all but it would be interesting to see what other people's thoughts are on my amateurish approach to trading. +So I’m very new to the whole investing scene. I finally grew the courage, opened up a FreeTrade account and began investing. + +I’m only 18 years old and don’t want to jump into this too quickly with large investments. I initially deposited £500 into my account last week to sort of play about ( with some research included) and get a feel what the stock markets are like. + +It’s now been 1 week since I began investing with my £500 deposit. I’ve grown my account to £529.66 with a 6% increase since beginning. +[Portfolio After 1 week](https://imgur.com/gallery/XroDcSg) + +[Stocks Ive Invested In](https://imgur.com/gallery/c7bdBgX) + +Personally, I’m extremely happy with the outcome considering it’s only been a week. I believe some off it may be luck but I also feel I’ve done my research and chosen wisely with slightly balanced portfolio. + +I’m only 18 years old and very new to the scene so I feel it’s best to wait another few weeks just to get used to the app then I’m thinking depositing another £1-2k in the account. + +what’s your best tips or advice for someone like myself who’s new but very keen to the Stocks Investing scene. +I'm looking to start investing for the very long term, but I'm unsure as to which app to use which is robust and reliable. What apps do some of you use to buy shares? +Hi there (new to this subreddit) I came across this article on covered calls to "increase dividend yield": + https://knowledge.sharescope.co.uk/2021/07/16/dividends-covered-calls/ + +The strategy seemed almost too easy to pull off. I was wondering if anyone has real world experience in selling covered calls? And what broker you use if so. Interested to know if it really works! +I'm an apprentice on £13k so this is a lot of money to me, I know that capital gains tax threshold is £1k so I'm assuming im going to owe the government £1000 in taxes? I'm pretty sure that transitioning from my last job to this one they put me on emergency tax code and I left it, I think I'm owed about 1000 in tax rebate from them so can I just leave it and I just won't get any tax rebate? +Hi, + +Recently, I have found a product that made me think there may be a better way to invest than indexing. I came across a product (when searching for index funds by sorting investments by lowest fees), that charged a 0% management fee, and a 50% performance fee on its performance above the index (in this case MSCI world). If the fund unperformed, 50% of underperformance is refunded to the fund. If there is not enough money in the designated reserve store, then a reserve marker is used to only charge a fee once any unpaid refunds are earned back. I've listed the relevant quote from the Key Investor Information Document and a link to the KIID below. + +It seems to me that this structure is a good alternate option to indexing, as your interests are aligned with the fund managers. If they don't do better for you than you would have done in the index, they can't eat. A risk with this type of fund that springs to mind is that a manager could setup such a fund and go for extremely risky investments hoping to outperform, lose everyone's money and then have a reserve marker so low that he closes down the fund and opens another one. It seems to me that buying a fund that has been around for 5 years+ would help to limit this risk. What are your thoughts on this type of fund? Do you think it's worth trying? + +"The performance fee is 50% of the outperformance of the Fund over its Benchmark. The fee is paid out of the Standard Share Class and invested into a Reserve from which the manager draws periodically when there is sufficient value in the Reserve. The performance fee is refundable to the Fund at the same rate (50%) in the event of underperformance relative to its Benchmark in future periods when there is value in the Reserve. The performance fee is not charged for periods when the Fund is below its Reserve Recovery Mark." + +[https://www.orbis.com/documents/Orbis%20Global%20Equity%20Standard.pdf](https://www.orbis.com/documents/Orbis%20Global%20Equity%20Standard.pdf) + +&#x200B; + +Edit: link changed to the pure equity fund, my initial link mistakenly pointed to a balanced bond/equity fund +I see this is the new proven method of rejuvenating your stock price when it stagnates. You take your $1,500 share (i'm looking at you Tesla), and announce it'll instead be 5 shares at $300. + +No actual difference at all, and yet here we are with a 12% gain at the time of writing. Apple have done it for years, I wouldn't be surprised to see Amazon go for the same tactic now they're at $3,000. +Hi guys, + +What would be your suggested choice for getting started in a S&S ISA ?? The vanguard 80% was going to be the one of choice to put some money away each month as I will mainly be saving into easy access account because I expect a lot of changes next few years. +My mum had money which she's saved and inherited from the passing of my dad years ago through life insurance. I currently hold it in an ISA S&S on her behalf as she really has no clue about finances and would have left it to sit in the bank, it's £100k in value. She's in her early 60s so I am risk averse given she may need it in the next 10 years. She's otherwise is good health with no mortgage and is not a big spender so daily expenses aren't an issue. + +&#x200B; + +Could anyone advise how to allocate this? I currently only keep some in a Gold ETF and some in a world tracker, but 75% is still cash. +What stocks/share dealing platforms do people use? I know of https://www.robinhood.com which is popular in the US at the moment due to the no fees currently, is there anything similar in the UK? + +I use HL for my main funds and a few shares but the fees are high. Signed up to IG just to check that out. +I'm interested to hear what you guys' tend to do when you're in profit from your stocks. + +I'm fairly new to trading and only started at the begining of 2020. My primary trade was in pz cussons at the start of the pandemic as I thought the carex brand would really shine. I bought at £1.60 ish and had a target price of £2.40. + +I sold most at target and left 100 shares that evened out due to the profit earned and taking that money out at £1 a share. This can then sit there long term as a cheap never know sort of thing.(currently doing well) + +I've recently bought into tullow oil at £0.28 as a gamble to see if they can survive the pandemic and get back to pre covid price of £2.00 and if that happens I'll probably cash out and leave maybe 100 shares in there for long term also. + +I'm happy with this approach and it allows me to have a broad portfolio over time that really hasn't cost much at all but it would be interesting to see what other people's thoughts are on my amateurish approach to trading. +Was just reading the following times article [https://www.thetimes.co.uk/article/can-you-really-become-a-share-trader-for-free-9980jcc0h](https://www.thetimes.co.uk/article/can-you-really-become-a-share-trader-for-free-9980jcc0h) + +Some statements that get me a little worried about using T212 - what are peoples thoughts? + +“Other low-cost trading services include Trading 212 and Degiro. The latter is not covered by the Financial Services Compensation Scheme (FSCS), which guarantees deposits of up to £85,000 if the firm holding your money fails. Trading 212 also warns that some customer funds may be held in non-UK bank accounts so the FSCS may not apply. Freetrade is fully covered by the FSCS.” + +“The company, based in Bulgaria, is also not easy to get hold of. It failed to respond to requests for information despite repeated attempts.” +Hi guys, + +I've written an event-driven backtester / live trading software system. [Here is a link to the Github page](https://github.com/JamesBrofos/Odin). The software can already do a number of things, including periodic rebalancing, report performance diagnostics, and hook into IB via IBPy. I've also written an accompanying database that the software draws upon to supply price and volume data ([see here](https://github.com/JamesBrofos/Odin-Securities/)). + +In any case, I thought this software may be of interest to others who are just starting out in this area, but more importantly I wanted to see if anyone was interested in collaborating to make the software better. Improvements could be in the form of writing new examples, adding new features, or even contributing to the (somewhat existent) documentation. Happy to discuss specifics if desired :) + + + +As the title says, what's the best way for somebody with little money and little knowledge to slowly get into penny stocks? + + I'm not into getting rich quick, just looking for something to spend a bit of time each day to learn something new and gradually make some money among the way. +First - This is not advice of any kind. Stranger danger remember that! This is just lots of numbers I've taken pictures of with some letters I've slapped together to make a post on the interwebs. I'm a retail investor and considered dumb money, I just like crayons and stonks. + +Fantastico now that's out of the way I've compiled all the volume data for GME since the start of 2021 and broken it down into different categories. + +Why do I think it was worth doing this with volume? Well it shows us a lot of things like apes have diamond hands, people panic selling, is this an artificial drop in price and also how many shares are being traded vs how many shares are available now that we know the GME float is around **26,664,355** shares. + +These things will have different levels of significance to different people, in a normal stock I wouldn't really care how much volume the stock has if I like the fundamentals of the company and I believe it has potential to grow... I will invest. Gamestop is no longer a *regular investment* whatever that really means anyway, and I want to have a good idea of how many players are playing this crazy game, which is why I have done this. + +For Apes who still don't understand volume and are looking at the remote for their TVs (also known as magic paintings) here is quick and simple explanation. + +&#x200B; + +[https:\/\/www.investopedia.com\/terms\/v\/volume.asp](https://preview.redd.it/hs10shjt2kw61.png?width=946&format=png&auto=webp&s=17d3deac34f3216414b84de8a361ea5b5ff18f41) + +If you're still confused... hey you did your best, keep eating crayons and fighting the good fight and I love you, you beautiful bastard. + +Now before we get into the data, I want to quickly cover retail being the whale because I still see a lot of people unaware or doubting the buying power that retail has. + +&#x200B; + +[ https:\/\/www.reuters.com\/article\/us-retail-trading-numbers-idUSKBN29Y2PW](https://preview.redd.it/5mnup34bmow61.png?width=1175&format=png&auto=webp&s=9e7e1529b9f4a45075933f28d00f3a454154c3f4) + +"But how big is the surge in retail trading? Analysts and executives say it is difficult to peg an exact figure, but here are some numbers to put it in perspective: + +\* 25%+: The percentage of overall market trades made by retail investors in July and August 2020, according to Virtu Financial, one of the world’s largest retail market makers. In January 2020 retail was 17.1% of the market. Virtu’s data only goes to November, but retail investors appear to have played an even bigger role in 2021. Jefferies analyst Daniel Fannon said on Friday retail can represent up to 32% of total U.S. equity volume." + +NOW we are ready to look at January! + +https://preview.redd.it/qp0li5eh3kw61.png?width=1550&format=png&auto=webp&s=91e5b562429a47c3738609b25b89a4c9a62e2533 + +Quick intro I'm sure you noticed some pretty colours! Thank you for noticing but let me quickly explain them. + +Any loss GME made in a day is marked as red or light red 3 if you want to be fancy. + +Any gains GME made under 5% in a day are orange (light orange 3) + +Any gains GME made over 5% in a day I classed as meme stonk gains and they are of course marked light green 3. + +So now I've explained the pretty colours let's get into the numbers. **1.26B Gamestop shares traded in January with an average of 66.4m per day giving us an average of 249.12% of the 26.6m float being traded every day for an entire month.** + +Now this is total volume of trades reported by the NYSE, this isn't asbolute it doesn't cover over the counter, ETFs, FTDs, darkpools this is only the trades that have actually been declared. With that said there is no accurate way to tell how many of these shares apes actually bought and more importantly still hold. This includes all declared data so that includes high frequency trading, day traders etc etc etc! + +If you want to speculate how many GME shares Apes bought and have continued to hold since Jan I would say it's reasonable to put that mark at 10%. Taking into account the data presented from reuters, total activity in the market was 17.1% for 2020 and **could** be as high as 32% for Jan 2021. That however is total market volume that isn't specific to one stock, some stocks could be dominated by retail and others untouched which makes using these numbers for a specific stock difficult and speculative so I'm going to use a more conservative number than 17.1% and start with 10% leaving us room for actual retail activity to be higher and of course it could also be lower. + +10% of 1.26B is 126,209,040 shares which is **473.32%** of the float, if you're like whaaaaat no way retail did that well then let's say 5% that's still 63,104,520 million shares which is 236.66% of the float. + +This was one month. Are you starting to understand why they tanked the absolute fuck out of GME back in Jan and turned off the buying. Incase you need a reminder... + +[https://www.youtube.com/watch?v=\_TPYuIRVfew](https://www.youtube.com/watch?v=_TPYuIRVfew) + +Key points I want to just extract from this but still I urge you to listen if you haven't already because GME was about to explode in January before it was illegally stopped. + +"We have come dangerously close to the collapse of the entire system" + +"When the shorts can't deliver the shares, the broker representing the longs **must, MUST** by the rules of the system go into the market and buy the shares at **any** price, pushing the price into the **thousands"** + +Pretty interesting first month of the year for 2021.. Next up Feb! + +&#x200B; + +https://preview.redd.it/8jn51x7g8kw61.png?width=1535&format=png&auto=webp&s=e3e2f7dc3777bf7e8e6d6dcb2c0626349fa1c814 + +A lot of red here when FUD was everywhere and apes were told you are bag holders the squeeze is over then all of sudden Wednesday 24th happens and boom we are up 104%. Fucking loved Feb because I averaged down like crazy and became a XXX share holder. + +Once again let's use the same theory that apes bought 10% - 5% of all shares traded. + +10% of all shares traded in Feb - 82,666,350 or 310.03% of the float. + +5% of all shares traded in Feb - 41,333,175 or 155.01% of the float. + +Now that is only the data for Feb so you have to total this.... + +**10% of diamond hands through Jan - Feb** + +208,875,390 shares or 783.35% of the float. + +**5% of diamond hands through Jan - Feb** + +167,542,215 or 391.68% of the float. + +ARE YOU STARTING TO SEE WHY THEY KEEP HOPING WE GET BORED AND LEAVE!?!? + +Let's take a look at March + +https://preview.redd.it/h4iivk0vkrw61.png?width=1375&format=png&auto=webp&s=dfbfaea9f46fe4805ffc5a8b381d34f892a5ff00 + +Now again remember what happened when GME reached $345 per share + +Again if you need a quick video break to help explain this to you here is Uncle Bruce covering this + +[https://www.youtube.com/watch?v=rDJTFvKaP0o&t=335s](https://www.youtube.com/watch?v=rDJTFvKaP0o&t=335s) + +LIKE BUTTTAAAAAAAAAAAAAAAH!!!! + +*(I just wanted to say that after posting a uncle bruce link)* + +Total NYSE volume 677m shares a lot lower than the previous months which one shows that retail bought the dip and now have diamond hands. I've heard some argue that it means that hedgefunds have covered... no. + +(Previous DD talking about this in more detail.) [https://www.reddit.com/r/Superstonk/comments/mo7t8c/options\_data\_proves\_hedgefunds\_need\_to\_bankrupt/](https://www.reddit.com/r/Superstonk/comments/mo7t8c/options_data_proves_hedgefunds_need_to_bankrupt/) + +Think of it like a video game, the big boss levels haven't changed but when apes were playing in January and the apes started winning at an alarming rate so the market makers tried to patch the game by (illegally) making it harder for apes. Diamond apes took the challenge and now have new challenging levels to take on. The diamond apes are absolutely killing it and will get back to the boss level sooner rather than later ready to set new high scores. + +Likely some smaller players have gotten out but new players have entered this crazy game. + +(Article with Hedgie Bill Gross bragging about making $10m shorting GME) [https://www.fnlondon.com/articles/how-billionaire-bill-gross-managed-his-insecurities-and-made-10m-shorting-gamestop-20210317](https://www.fnlondon.com/articles/how-billionaire-bill-gross-managed-his-insecurities-and-made-10m-shorting-gamestop-20210317) + +Key points for lazy apes that don't click links + +\- Wednesday March 17, 2021 + +\- “I did manage to overcome my insecurities and hold on and ride it all the way back down in terms of getting out,” billionaire Gross told [*Bloomberg*](https://www.youtube.com/watch?v=U6UK8qh_b08) on 16 March. + +\- “I’m back in. I’m still selling call options at $250 and $300, the volatility is super high and that promotes an ability to make some money.” + +\- In his latest comments, Gross noted that he made about $10m in profits and said: “The borrowing rate on shorted shares for GameStop is only 1.5% which indicates no real squeeze or pressure so with volatility at 200% annualised, you need a doubling and a doubling in order to start to lose money and I think this is a perfect opportunity for options sellers, not buyers, to take advantage.” + +Now... What this scrotum says about the borrowing rate is true it's complete horeshit it should be so much higher however once again the buying power of retail is being played down and it's FUD which I will continue to prove wrong. + +The original plan for hedgefunds was to bankrupt gamestop, that is no longer possible for them. So they have now dug a hole so deep for themselves I only see three.. really only two ways out for them. + +1. They drag this on for so long and slowly and surely start covering positions but still end up driving GME into the thousands per share, making money off the options market to stay afloat. (Not possible imo but could be a plan for them) +2. Somebody calls forces them to cover, they get liquidated. +3. They just nuke the market and hope for a bailout and hope that some of their assets are protected. + +Whatever happens apes will get paid but it's just at what scale do apes get paid but thankfully apes have control over that as there will soon be a legal obligation to buy back shares at **ANY** **PRICE** until diamond apes deem the price acceptable and of course $10m is the floor. + +Enough ranting.. time for stonk math. + +**10% of all shares traded in March** \- 67,715,783.5 shares or 253.96% of the float. + +**5% of all shares traded in March** \- 33,857,891.75 shares or 126.98% of the float. + +**10% Diamond hand total Jan - Mar -** 276,591,173.50 shares or 1037.31% of the float. + +**5% of diamond hands through Jan - Mar -** 138,295,586.75 shares or 518.65% of the float + +BUT WAIT THERE'S MORE! + +https://preview.redd.it/u5qushfeipw61.png?width=1371&format=png&auto=webp&s=e8d7461bc4bfdbf44bc2d0bd173e33aa07a36174 + +Lowest volume month yet! Diamond hands are JACKED.... + +https://preview.redd.it/3kflb7kt8rw61.jpg?width=300&format=pjpg&auto=webp&s=6ceeac46eb3237a0e03695ede17a7e7fc8428c94 + +Such a great quote, may it live forever. So back to April.. I'll just get right into the stonk math as this is probably becoming an essay and I haven't even showed all the data as I've organised all mondays and broken these down into weeks as well as just months. Maybe I'll just do a part 2 if apes want to see more data and get that sweet sweet confirmation bias but all in good time. FUCK! Stop rambling you ape talk about the numbers!!! + +Yes the numbers! 171,183,615 million shares traded last month BY FARRRRRRRRR the lowest volume of the year. 64.2% + +**10% of all shares traded in Apr** \- 17,118,361.50 shares or 64.2%% of the float. + +**5% of all shares traded in Apr** \- 8,559,180.75 shares or shares or 32.10% of the float. + +https://preview.redd.it/iotplhwkarw61.jpg?width=750&format=pjpg&auto=webp&s=4c56ec3fb0946b21b876281463c2e7806e62340b + +**10% Diamond hand total Jan - Apr -** 293,709,535 shares or 1101.51% of the float. + +**5% of diamond hands through Jan - Apr -** 146,854,767.50 shares or 550.75% of the float. + +&#x200B; + +The post I made last week touched on how I believe retail own more than 1000% of the float + +[https://www.reddit.com/r/Superstonk/comments/myu2v6/since\_jan\_4th\_on\_average\_the\_gme\_float\_has\_been/](https://www.reddit.com/r/Superstonk/comments/myu2v6/since_jan_4th_on_average_the_gme_float_has_been/) + +Now here we are apes. I want to just say that with this information I am making no recommendations, I'm putting no dates on wen moon, how moon or any price predictions. All I'm saying to you is this... If these stupid fucks want to keep shorting this stock and fueling the rocket and they want to keep giving out tickets. I'll keep fucking buying them... The longer this goes on the more tickets I will have so shills, hedgies or just general ball bags reading this if you want to continue to delay the squeeze thank you very much for the discount and the opportunity to buy more. I was always told as a kid "play stupid games, win stupid prizes" Well hedgies you've been playing stupid games for a LONG time and you thought you could put the apes back in the cages once they broke out but no... the apes know your tricks now and if you want to play games... lets fucking play. + +&#x200B; + +[Apes set highscores. ](https://preview.redd.it/jaag8nwpdrw61.jpg?width=1200&format=pjpg&auto=webp&s=a579b12b8a871dad8c229cd55db90606aefedc8a) + +**TLDR -** From the start of the 2021 GME has had almost 3B shares traded with an average volume of 35.8m per day which is 134.33% of the float traded everyday for the past four months. This data only includes the volume reported by the NYSE this doesn't include the darkpools, OTC, future options etc and as this is up until the end of April as we are now in May this data will continue to build until the squeeze is squoze. This also doesn't include any data before 2021 so anyone who purchased shares before GME went mainstream won't be included in this data. With that said if retail investors have accounted for 10% of all GME volume since the start of 2021 they would own 1101.51% of the float. This is speculative DD and not to be taken as concrete. +I only had 10 minutes to ran through it so please check if I misunderstood anything. + +This is not a financial advice. + +**Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of a Proposed Rule Change of New Rules Providing for the Registration and Obligations of Non-DMM Market Makers** (NYSE is adding NON-Designated Market Makers to the game to enhance competition) + +&#x200B; + +* Non-DMM Market Makers would comprise a new category of market participants on the Exchange and would have responsibilities different than those of Designated Market Makers (“DMMs”) and Supplemental Liquidity Providers (“SLPs”). +* NYSE did not have Non-Designated Market Makers before, there were only Designated Market Makers and Supplemental Liquidity Providers. +* Citadel is a Designated Market Maker +* According to the Exchange, the proposed rules are intended **to provide for a new category of market maker that the Exchange believes will promote competition on the Exchange by enhancing the range and diversity of market making activity on the Exchange.** Further, the Exchange stated that **the proposal would promote competition by encouraging additional displayed liquidity.** The Exchange also stated that the **proposal would facilitate price discovery and promote market quality on the Exchange.** The Commission believes that introducing a new category of market maker—Non-DMM Market Makers— could promote competition on the Exchange. Further the Commission believes that the introduction of Non-DMM Market Makers on the Exchange and their obligations to the market as required under NYSE Rule 7.23 **could provide additional, supplemental liquidity to the market and could enhance price discovery.** +* **The rule is approved by the SEC but does not say when it will become effective.** Please help me out if you know and I will add it to the post. + +&#x200B; + +TLDR: NYSE & SEC is enhancing some competition by adding these Non-DMMs to the game. + +Link: [https://www.federalregister.gov/documents/2021/05/10/2021-09775/self-regulatory-organizations-new-york-stock-exchange-llc-order-granting-approval-of-a-proposed-rule](https://www.federalregister.gov/documents/2021/05/10/2021-09775/self-regulatory-organizations-new-york-stock-exchange-llc-order-granting-approval-of-a-proposed-rule) +APES, don’t immediately downvote: Please read and know that eToro doesn’t allow transferring shares. + +**Tl;dr — Sold my “shares” on eToro. Used that money to buy real shares on IBKR. DRSed 100%** + +This may be a bit of a controversial opinion, or a controversial course of action, but I never felt safe with eToro. + +From the so-called proxy voting to the fact that they refuse for your shares to be directly registered, and lest we forget they “accidentally” closed positions in February — I simply don’t trust them. + +I distrust them so much, that I decided to take the jump back when GME hit the 160-something mark. I went against common advice that one never should close or sell: I sold all of my shares. + +**I immediately bought back the very same quantity and then some at IBKR. The moment my shares were settled I initiated the process to transfer them all to Computershare. In other words, I had my shares direct registered.** + +**Not only are my shares now truly mine, I also rest assured knowing that they have been withdrawn from DTCC, and that’s just a handful of shares the hedgies cannot fuck with.** + +While I cannot give you financial nor legal advice, and this is a decision only you get to make, I will say this: + +**If I still had shares with eToro or any other broker that I wouldn’t trust, I don’t think I need to name any other names, I will do it all again especially now that the stock is at a discount.** + +I personally wouldn’t want my shares to be with a broker that I can’t trust. There is nothing more secure and more reliable than having your shares directly registered in your very own name. + +Again, not financial nor legal advice. + + +**Tl;dr — Sold my “shares” on eToro. Used that money to buy real shares on IBKR. DRSed 100%** + + +PS for those of you who already migrated from one broker to IBKR, here’s a handy manual I made on how to DRS your shares to Computershare all by yourself — for Apes from all corners of the world 🌎 🌍 🌏 + +https://www.reddit.com/r/Superstonk/comments/raz5uv/drs_your_shares_all_by_yourself_from_anywhere_in/ +Hey Everybody, + +I hit the final straw with my job, and living pay check to pay check. Today they are denying my PTO and partial bonus because i got COVID from one of their managers, and had a vacation booked before i started this job. So it is time to think bigger, and better. + +I am looking to make a big reading list as during the day I can listen to books on my phone. My job consists of 8-12 hour days just saving tax dollars from really wealthy companies and their owners. The estimated tax payments a lone are my entire salary for the year. (I make 100k, and I'm just annoyed) + +I only just started to learn how to invest, and manage my money as i was never fully taught it. Only thing i was taught was do a budget, and work for a company 9-5. + +My goal is to be financially independent, retire early, have others do my job for me, and never have to worry about money. First step is education and reading the right materials. + +Feel free to post good articles, or books here. Any help is appreciated, or direction to links. I am determined to read everything posted. ALL HELP IS APPRECIACTED. + +&#x200B; + +So far on my list i have the below: + +Rich Dad Poor Dad + +how to talk to anyone + +the power of habit + +think and grow rich + +5am club + +7 habbits of highly effective people + +psychopath free + +Make your bed + +atomic habits + +the power of now + +13 things mentally strong people do do + +4 hour body + +The 80/20 principle + +12 rules of life + +never get a real job + +how to stop worry and start living +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! +So it looks like after the inflow last week to silver , $SLV finally admitted the scam they have been running. I am curious how this effects price. Does paper silver finally squeeze or do people flee $SLV? + +Basically what happened: normally $SLV is supposed to cover their positions with physical silver. They have been “required” to buy positions with physical silver and the fund always acted as a surrogate for the price of physical silver. Well... recently they updated their prospectus page 7 +https://www.ishares.com/us/literature/prospectus/p-ishares-silver-trust-prospectus-12-31.pdf + +It essentially says that they may not be able to find physical silver to cover positions, finally admitting what has been known for years, that silver supply is way less than demand. I am sure they saw a potential surge in pricing and are trying to cover themselves from potential lawsuits should “authorized dealers” want to take delivery of their lots of silver from their $SLV position. + +This will likely surge the price of physical silver but I am curious does paper silver rocket up also? Does $SLV break? Does paper and physical finally decouple? +That’s it. It’s not a bet. But I need words to fill up this box. Again - if no one posts it before 1 PM on Labor Day (Sept 5, 2022 1PM EDT) I will buy the subscription and post the lawsuit here so we can all stop speculating. + +I believe this is all a smear campaign. + +Buy Hold DRS Change the World + +Update: + +Looks like u/SaucyCheddah was kind enough to pull everything. + +[SaucyCheddah’s post with documents in google drive](https://www.reddit.com/r/Superstonk/comments/x67r6i/heres_the_complaint_and_exhibits_filed_in_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +**KEY POINTS** + +* **The ride-hailing giant is looking for a reported $100 billion valuation when it lists on the New York Stock Exchange this spring.** +* **One valuation expert says Uber is worth much less — closer to $60 billion, or just above $50 per share.** +* **“The market is a pricing game and not a value game,” says NYU’s Aswath Damodaran. “When you have young companies like these it’s all mood and momentum driving prices.”** +* More: [https://www.cnbc.com/2019/04/15/valuation-expert-says-uber-is-worth-a-little-more-than-half-the-100b-its-seeking.html](https://www.cnbc.com/2019/04/15/valuation-expert-says-uber-is-worth-a-little-more-than-half-the-100b-its-seeking.html) +Hi all! I made post yesterday about the bullish/bearish trends that GME exhibited in the past 4 months. I wanted to make a follow up post and share some pretty shapes I found in the charts with a few indicators to support the patterns. 🌈🐻 thesis included. + +First, here is where we are with some lines drawn in: + +&#x200B; + +https://preview.redd.it/2m0xkmipu8o61.png?width=484&format=png&auto=webp&s=3cdb729fb4541e134f9605ee40be674451ac3441 + +Second, according to Investopedia, there are a few conditions for a real cup with handle chart pattern: + +1. **Trend:** To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. **Check** +2. **Cup:** The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. **Check** +3. **Cup Depth:** Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to ½. **Kinda check?** We fell from 483 to around 38 so this was a very abnormal retracement, and so we need to be a little weary. +4. **Handle:** After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. **Kinda check again?** We fell from around 340 to 173, at one point. However, if only opening and closing prices ranges are factored, it would be 275 to 201. This is only a 27% drop and a 33% drop would be 183.15. +5. **Duration:** The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks. **Almost there** +6. **Volume:** There should be a substantial increase in volume on the breakout above the handle's resistance. **Maybe one day?** + +Okay now let’s look at just the handle: + +&#x200B; + +https://preview.redd.it/ru5bg80yu8o61.png?width=489&format=png&auto=webp&s=16083754a6dbdef77db377f2eadac0e28b7f68ea + +So we can clearly see downward trend lines with a support line hovering around 180ish here. It is also backed with decreased MACD momentum, slight overselling (W%R trending down), and signs of a DMI convergence (evidence of bearish sentiment). We will need to see if a downward triangle forms in the coming weeks. If one forms, then that further confirms bearish sentiment. + +Looking back at our handle rules, we can see that a handle must be formed in 1-4 weeks, and it looks like the handle formation began 6 trading days ago. + +Knowing that our bear trends for GME usually last 6-14 days, the timing lines up perfectly for proper handle formation. + +The only thing left is to wait out the handle and get a solid breakout with huge volume. Then GME go boom boom. + +Evidence of cup with handle pattern: two high resistances with a low “U” shaped support in the middle. Formation of 1-4 weeks of price stagnation with a downward trendlines. Handle supported by W%R, DMI, and MACD. + +Potential reasons cup with handle might fail: Price fell too low out of expected range during “U” formation. Potentially, price might fall too low during handle formation, and most importantly there needs to be large volume to breakout of the handle. Also, there may be a sub pattern forming as an inverse cup from 3/16-3/19. I have not analyzed it much yet, but it was pointed out to me by another redditor. + +Edit: Added one more potential reasons cup with handle might fail. + +Edit2: Removed links. + +Edit3: My bad yall! As pointed out in comments, not descending triangle as that is a continuation pattern not a reversal pattern. Changing it to say "downward trendlines" instead, cant change the title unfortunately LOL what can i say im retarded + +Obligatory emojis: 🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +TY FOR THE AWARDS! FUCKING LOVE THIS SUB +Hi guys, im not an expert in this situation and also im not from US, but in my country if you want to comunicate with an institution you need to do it by the proper channels using their official phone number or email, then if they dont answer you can set a complain about that, well at least thats the way it work in my country. + +So please if you are trying to get some answers from them do it properly and push more, like commenting to SEC in their (i dont remember how is called) but i think you know what im trying to explain. + +I hope you guys support me on this one. + +&#x200B; + +Edit: As a fellow ape just mantioned, BOTH so we rise awareness but also have the possibility of showing they are not listening to people. +How I plan to **Short Tesla ($TSLA)** with a max of **$1,000,000.** Then, walk away with roughly +$300K-$500K in profits. Or, I will walk away with lower profits if Tesla crashes before any of the next steps shared below. + +Here is my current short position: **Step 1:** + + +https://preview.redd.it/i1z93h9xffw71.jpg?width=1242&format=pjpg&auto=webp&s=47b828402fbf3b681459a963182519ea7729ae87 + +✅ **Step 1/Position Started:** +Current Average: $1,070.14 +Current Cost Basis: -$200,117.03 + +✅ **Step 2** +Short at: $1,200\~ +Amount: $200K\~ +Shares to buy: 166\~ +New Cost Basis: $400,117.03\~ +New Average: $1,131.20\~ + +✅ **Step 3:** +Short at: $1,500\~ +Amount: $400K\~ +Shares to buy: 266\~ +New Cost Basis: $800,117.03\~ +New Average: $1,289.68\~ + +✅ **Step 4/Optional:** +Short at: $1,700\~ +Amount: $200K\~ +Shares to buy: 117\~ +New Cost Basis: $1,000,117.03\~ +New Average: $1,354.91\~ + +I plan to cash out after a -30% drop, maybe ill aim for a 50% drop which means Tesla would be either at $949.44 for a -30%. Or, $677.45 for the -50%. This leaves Tesla with room to run from its current position of $1,100 a 23% gain to the final breakeven point or, 54% to the final optional step. + + +**Worst Case:** +Tesla runs up from my even price of $1,354.91 to $2,100 a $2.1 Trillion Market Cap. I'll take a half a million dollar loss which I can afford all day, any day. Won't kill me. (-50%). + + +✍️**Note:** +If Tesla doubles from its current price, it will be worth more than Apple and Microsoft by $1 Trillion Dollars. I strongly believe the ROI for new buyers is dramatically decreasing. In other words, the Greater Fool is running low/near the end. There is too much risk, too many emotions, and greed flowing around. Be fearful when others are greedy. In this case, ill profit from their beyond delusional greed. Or, Tesla is currently at peak levels and I don't even get to the next steps. Still a win. + + +\- Charlie +I started it a while ago, but lately been thinking about committing to finishing it, along with the study guide. Last time I decided the rest of the book must be more examples and descriptions of basic concepts that I already understood, and moved on. Pretty dumb I know, but looking to try again. + +Who's read the entire thing? +Mods, can we please make a post like this and sticky it? And then remove any posts asking this question? + +/r/malefashion advice does a recurring thread for items of clothing, why can't we do something similar except just do it once and then remove all posts asking for wheel stock recommendations for people new to theta gang? Here is an example of what mfa does: https://www.reddit.com/r/malefashionadvice/comments/i02xqa/your_favorite_for_linen_shirts + +There was a thread a few weeks ago about doing something like stickying a wheel post and it got a lot of support, what ever happened to it? + +Also if I am just being a crotchety old man please let me know and I will stop. + +edit: shoutout to /u/DUALITY_SHOW: https://www.reddit.com/r/thetagang/comments/i01tdl/what_are_some_solid_bluechip_stocks_under_50_that/fzmn3q8 + +edit2: I'm fine with making it weekly so people can get fresh information. + +edit3: we should put /u/ScottishTrader 's [WTF is "The Wheel"?](https://www.reddit.com/r/options/comments/a36k4j/the_wheel_aka_triple_income_strategy_explained/) post at the top. I feel like he probably holds the reddit record for the number of times a previous post has been linked or referenced. +When Amazon dipped down to $89 a couple days ago I picked up a few hundred shares and sold $95 CCs expiring today. + +&#x200B; + +Amazon is now trading at $100, so im going to get the shares called away. I'm fine with that, as each call basically netted me $700. + + But I figured I can roll the call to a $99 CC expiring in 2 weeks for free. Adding another $400 to each when it gets called away. Could also work in the opposite direction too though if next week Amazon is back down to the 80s or 90s. + +&#x200B; + +Which strategy would be more appealing to you? + +Letting the shares get called away today for a nice profit, or extending it out 2 weeks to maybe make another 30%? +Enjoining this run for last 10+years. Expanded into 'wheel', CC, PMCC. But this market got me worried. 100s of billions in valuation into SPACs, crypto plays, historically high PEs. EV with $0 revenue? Here is 50 billions. Bankrupt retailer GME? Here is 20 billions. You do cypto mining? Here is another 20 billions. Can't tell a difference between WSB and wallstreet anymore. What am I getting wrong? + +Edit: how are you protecting your theta plays or use theta for portfolio protection? +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. +Why don’t more people sell options off SPXL instead of SPY? It’s got 3 times the IV, relatively cheap to buy 100 shares, good option liquidity... only downside I see is there’s no weeklys. +**Option Selling and Negative Skew** + +Behavioral finance suggests that humans innately prefer positive skew (low chance of big returns - i.e. lottery tickets, buying insurance) over negative skew (high chance of small returns). One reason for this could be to allow humans to make less risky all-in choices that ensure self-survival. + +Selling options is a prime example of negative skew. Option sellers collect premium (high chance of small returns, with a low probability of large losses over and above premium). + +&#x200B; + +**Black Swan: A event that comes as a surprise, has a major effect, and is often inappropriately rationalised after the fact with the benefit of hindsight** + +Options do not have black swan events modeled in the price. Black swans are by definition, highly improbable and impossible to predict. While pricing options, MMs do not account for black swan events. + +One prominent advocate of this matter is [Nassim Taleb](https://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb), an author, former option trader, and advisor to [Universa Tail Fund](https://www.bloombergquint.com/business/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march), a hedge fund that caters towards protecting against tail risk. You may have heard of some of his works, such as The Black Swan, Antifragile, and Fooled By Randomness. + +He argues that financial markets rarely follow a normal distribution, and instead exhibit higher than expected fat tail risk. However, his point is that market participants do not price in a fat tailed distribution. + +&#x200B; + +**Recent Company-Specific Black Swan Events in 2020** + +Wirecard AG was a leading German payment processor and financial services provider with operations globally. It has been listed on the Frankfurt Stock Exchange since 2005, included in the TecDax in 2006 (30 largest German technology companies), and included in the DAX in 2018 (30 largest German companies). + +On June 18, Wirecard was trading at EUR 104 per share with a market cap of EUR 12.8bn. The next day, its auditor found insufficient audit evidence of EUR 1.9bn of cash in the firm's balance sheet. Shares fell by 62%, dropping a further 35% the next day (two-day drop of 75%). Today, Wirecard trades at EUR 1.90. + +Luckin Coffee was a Chinese coffee company and coffeehouse chain with over 3,600 outlets, touted to be the next major player to Starbucks. It was listed on the NASDAQ since May 2019. + +On April 1, Luckin Coffee was trading at USD 26 per share with a market cap of USD 6.6bn. The next day, the company released news that its COO fabricated sales by an estimated USD 310mn. Shares instantly fell by 76%, with trading halted a few days later. The company was ordered to delist from the NASDAQ on June 29. Today, Luckin Coffee trades at USD 2.40 over the OTC market. + +&#x200B; + +**Back to Option Selling: An Inescapable Catastrophe?** + +The reason for this post is that these recent black swan events involve large cap blue chip companies that are listed on major stock exchanges. + +For purposes of this topic, let's take for example Trader A who solely sells Cash Secured Puts (CSPs) on individual stocks. This could be a variation of any strategy such as the Wheel. Trader A sells CSPs on one individual stock at a time, at account size. + +If we account for the black swan events above (single day fall of 60-80%), even at a extremely low probability (random guess, 1 in 50,000), as number of trades *n* tends to large enough number, the portfolio will trend towards zero. + +Even if your strategy has a long run positive EV, the timing and unpredictability of chance means that a few bad trades could knock you out (akin to flipping the coin and landing tails 10 times in a row, improbable but also not impossible). + +This boils down to the fact that MMs, while pricing options, do not account for such black swan events. Hence, in taking on a short option trade, you are taking on this understated risk without being compensated for it. + +&#x200B; + +**Solutions?** + +My thoughts are then - what are some of the ways to avoid such tail risk or to keep EV positive while selling options? A few different ideas come to mind: + +1. Diversification and Trade Size: modern portfolio theory suggests holding stocks over multiple tickers, reducing unsystematic risk. However, for retail traders, selling options across 20 to 30 stocks increases chance of human error, miscalculation, and takes up much more time (placing, monitoring, and managing trades), spread fees, commission fees etc. +In addition, probability of black swan event (single day fall of 60-80%, 1 in 50,000 chance) does not change. You could argue that this allows black swan events to be distributed over a large enough span of time for the portfolio to recover, but the inverse and bad luck is also true. Another way could be to only trade index funds such as SPY. +2. Delta / Gamma Hedging: MMs do this to reduce risk and possibly hedge against unforeseen events. However, this is sophisticated for retail traders, while also incurring time cost, spread and commission fees etc. + +&#x200B; + +Would love to hear thoughts on this, any and all are greatly appreciated. + +*\*Apologies if I am incorrect in any of the details and assumptions above, just my two-cents.* + +&#x200B; + +**TLDR; Option selling involves black swan risk that you are not fairly compensated for, and which puts one's portfolio at understated risk. Thoughts?** +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. +With news that the entire federal fleet will be switching over to EV, I believe that WKHS (39/shr) is a shoe-in for USPS trucks. + +And whether it’s the usual EV fervor or a general consensus that they will indeed get that (6 billion dollar) contract, their shares are on the upswing. 13.2% today and 44% in the past week, which is nice to see. + +I’m contemplating going in on the 4/16 43c because already the USPS contract is late to be awarded so I imagine should happen between now and then. + +What are your thoughts on WKHS? +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. +There are people posting a thread in random subreddits where it's like: + +[Brand] is giving away [amount e.g 700] nfts free to the first [identical amount to give away e.g 700] people. + +Then post a link where it's like [brand].ntf + +It has a link that asks to link your wallet. Usually your metamask. + +Don't click it. Call it out for what it is, a scam. + +If you see it posted, reply and warn other please. We want more people using crypto yeah? Let's not turn the less educated away due scam association. + +Thanks + +Love you all and merry Christmas. + +Edit: if it's too good to be true...it's a scam. +He bought the domain in 2017 for $16 and sold it for half a million. True diamond hands? + + +&#x200B; + +[Someone offered $500 ](https://preview.redd.it/qcs29psd0ow81.png?width=689&format=png&auto=webp&s=2d62bffd95a006007c6cc2f1da928959cfb0a2d4) + +Initially he wanted 10 BTC for the domain. + +&#x200B; + +[10 BTC offer](https://preview.redd.it/5jk37vtn0ow81.jpg?width=1392&format=pjpg&auto=webp&s=52b492b6f1d2104ba85a9568aef1941e10f3a815) + +&#x200B; + +&#x200B; + +[This is how it went](https://preview.redd.it/1qyu9adt0ow81.png?width=712&format=png&auto=webp&s=ad47cad14c7a8d7bba9fbe9bc35b0842e7ad4ef3) + +&#x200B; + +[GoDaddy Broker first offered $500 ](https://preview.redd.it/rxswfz611ow81.png?width=701&format=png&auto=webp&s=3ff222bc0575ad917c34ba5930da13242bf7532a) + +GoDaddy Broker first offered $500 for the domain which was already an insane amount for $16 domain But he negotiated his way to $450K. + +&#x200B; + +[This person had some dedicated. He declined 12,500x profit.](https://preview.redd.it/bnvw70hc1ow81.png?width=702&format=png&auto=webp&s=ec17a99a030332a6c37948e0a96f7f410806676d) + +&#x200B; + +https://preview.redd.it/5j0hocrh1ow81.png?width=620&format=png&auto=webp&s=d6ce979bbc9a48b0f1bea3ddf9af56e2cf3a5743 + +First the broker didn't like his 10 BTC demand, was also shaming him for his insane demand. + +&#x200B; + +&#x200B; + +https://preview.redd.it/tdqg6nbq1ow81.png?width=702&format=png&auto=webp&s=455d67f7ac7fc2964ba340cb780f75a9df565206 + +If you want to read the whole thread + +source: [https://twitter.com/cryptofelon/status/1519785502832046080](https://twitter.com/cryptofelon/status/1519785502832046080) +https://www.wsj.com/articles/the-new-retirement-plan-save-almost-everything-spend-virtually-nothing-1541217688?mod=mhp + +Seems like FIRE is experiencing an increasing amount of media coverage +I purchased Qantas and flight centre a while back this year and they were going well but are now falling dramatically. . Is there any indication (fairly amateur investor here) that theyre going to come back up anytime soon or should I cut my losses and offload them +I'm at a crossroads. I'm an unqualified, jack of all (management, trade assitance, hospo, maintenance, manufacturing, labouring, caretaking, retail) with potential and offers to go do a qualification of somesort next year (landscaping or carpentry) as a mature age (m27). I also have interests in auto electrical, building drafting, horticulture, . Do I go study? I'm not a "long term career" minded person and wondering if I'm going to regret doing it later on. I don't stay in jobs long because I get bored, thread wears too thin with customers or toomuch workplace drama or incompatible workplace beliefs. Wondering whether I take the leap or not or continue doing everything and interested in what you've ended up doing without a qualification and how much you earn and your background. I tend to excel and learn quickly and efficiently in jobs and have stayed in jobs for at least a year. + +Interested to hear your comments and stories. + +Edit - I'm a heavy saver and investor and take month long gaps travelling or focusing on hobbies between working different jobs and live frugally. +So, after the recent drop I got tempted to buy, then something really kicked in in my brain. + +1) I'm not really active on facebook since 2017. Every friend I have there I just checked and stopped to post or use it and just barely opens it. + +2) Facebook is a toxic, nasty degenerated place. Full of karens, consiparancy and idiots + +3) I advertise on 10 different platforms for my business and facebook is no doubt the absolute worst. First they basically do not have a support channel. Only a useless chat. + +Second, they 100% RANDOMLY BAN your ad account every few months, even if you are not using it or use it correctly. + +I met so many marketers and companies who were doing great on it, completely destroyed overnight cause they banned their account. + +But they do not stop there. Once you are banned, is for life. They track your ip, device, credit cards and everytime you try to open a new advertising account to start over, you just get banned instantly. + +They are so fuckin dumb and stupid about how they manage advertisers that I do not even know how to explain how they treat you and make you feel. + +3) whatsapp is not monetizable, apart that they spy your convo and vocals to advertise you better. + +4) Instagram WAS a great platform but, as facebook pages and groups, its just dying out. +You organically cant grow anymore unless you are a fuckin whore with onlyfans and your naked cheeks on every picture. + +I do not know if they will pull it off with the metaverse, to me it looks a stupid idea that nobody wants and care. + +Just the fact that they choose a name thay was already used and registred shows how fuckin scumbags the C levels are + +Just my 2 cents but I wouldn't touch it honestly. + +And... last... markets and investors generally we are all fuckin idiots with no clue so I could be wrong on everything and meta could triple in a year. +&#x200B; + +In March I started keeping track of my free Crypto. This is any crypto that I haven't personally bought. + +My methods: + +Coinbase Earn: + +You earn free crypto by watching a video explaining how a project works, and answer some questions about it, in return you receive between $1-$3 dollars for each one. + +In July 2020 I did majority of the Coinbase earn rewards, this was roughly **$32** at the time, and is now $209 of my free crypto. Which is down this past month significantly. + +https://preview.redd.it/0zsa0x77jq271.png?width=706&format=png&auto=webp&s=787674e4eee2e29ddb589a847674bdfbedf0d20d + +Staking: + +PoS (Proof of Stake) is the concept that a person can mine and or validate block transactions according to how many coins they have. So more coins you own = more mining power you have. + +This is currently what I'm working on building up right now, for this month I traded a lot of my Algo and other staking coins and put it into ETH, and staked that. + +https://preview.redd.it/3quhhhrcjq271.png?width=705&format=png&auto=webp&s=cb4978c10316529ae9a2b0a5a855e27cee217d66 + +Automated Rewards: + +These are rewards that require none of my attention. + +Mining - I Use the GamerHash, This just uses spare computing power from a Desktop I've had for years. And just bought / added a new miner today so plan on increasing this amount by double every month (approximately $2 USD a day). + +Brave Rewards - I wrote a script that automates the BAT rewards I was averaging 1.040 BAT a day until the recent nerf'ing and received 10 bat for the entire month. Brave allows you to earn BAT just by browsing and seeing ads on their chromium browser, both on PC and mobile (I also earn Bing Rewards through this method as well) + +https://preview.redd.it/44q08sapjq271.png?width=707&format=png&auto=webp&s=64c127b3306feb3647c80b5e564c2dccc075b7fe + +Reddit Moons: + +These don't need an introduction, earn by being active in this community. + +https://preview.redd.it/hebgdsy9kq271.png?width=706&format=png&auto=webp&s=ea0a11cec523fda2ec172c73c8c21871e2913e7e + +Total: $651.07 + +Since last month my free crypto has gone up only 2.05% to which I’m actually impressed the value actually went up with the month we had even if it’s just 2%. + +Coinbase Earn - 39.63% + +Automated Rewards + 21.90% + +Staking + 82.56% + +Reddit + 14.10% + +https://preview.redd.it/xve0us57lq271.png?width=789&format=png&auto=webp&s=a2be6b1e978cc7e583195634cde9edbb067b570a + +There are other great methods to getting free crypto which can be found in this great post [here](https://www.reddit.com/r/CryptoCurrency/comments/llyq6e/a_collection_of_all_the_possible_ways_to_earn/), but for me I'm trying to focus on ways that don't require any interaction outside my typical behavior like being on Reddit. + +&#x200B; + +Edit: For those interested in my Brave Automation, I plan on releasing it on github here soon / next month. +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1,5% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 8% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1,5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. +While COVID-19 is an unprecedented event... Why is the Fed keeping the stock market afloat with all it's ammunition. If the stock market crashes then it crashes.... Isn't that what capitalism is all about? + + +Edit - thanks all for responding. As you can already tell by my initial question I am an investing newbie. So I thank all to help me better understand the situation at hand. By no means was I trying to be hyperbole about the situation. Just trying to comprehend the actions taken during this time by parties involved. +I keep seeing this, over and over. A drop happens, scalpers scoop them up in droves and leave the rest of us wanting the NFT and willing to pay over mint. If we all just wait and be patient, the scalpers will sell at a loss. It happens every time. + +Another thing I wanted to share is that when you look at the list of people selling the NFT you want, you can click on each of them, then browse their history tab. This can tell you if they are a scalper, or not. If you see in their history that they have bought 25 copies of the NFT at mint, I won't buy from them unless it is at a loss for them. If you see a bunch of transfers in the history, click on where the transfers are coming from and you might discover that the scalper will buy 25 or whatever and then transfer them to another wallet and sell from there, so that you can't see in the seller's history that they bought 25. Hope this helps you guys not over-spend. I don't think I have seen a single NFT that hasn't dropped below mint at some point. + +Power to the Players +Asking for my mum. My mum is 64years old and is renting her property. She plans to retire in the next few years and has received a £70,000 lump sum pay out from her teachers pension. She has another pension worth £29,000 currently and receives an annual pension from TP of £9,000. + +Other than this she has no savings. She is worried about being about to afford her rent when she retires as the £70,000 pay out won't last forever (she is currently in a property too big for just her now). + +As a family we thought it would be best to invest in a property for her to live in rather than downsize and loose money to rent, so we've come up with two options: + +1. See if she is eligible for a mortgage and put her name down on a property. This will use up the majority of her pension savings so she will need financial support (me and my brothers can do this) on top of her pension to make mortgage repayments as she will have no large savings left. She would then not be eligible for any housing benefit. + +2. My brother and I invest in a property for my mum together, this would be a second property which we would then rent out to my mum. She is adamant she would want to contribute to the deposit - but I'm not sure this is allowed if she were to rent the property from us. Obviously then she would have some of her own savings left and then one day if she had no money, would be able to get housing support - this wouldn't be likely for a very long time though. + +Any suggestions on which is best or any other ideas would be greatly appreciated. It's causing us quite a bit of stress so any help would go a long way. +I’m 100% confident that had it not been for the buy limits placed last week a short squeeze or at least a gamma squeeze would’ve occurred. However, this blatant market manipulation might keep happening on Monday and we don’t know what effect it will have. + +What we do know is that tons of new people have signed up for trading apps and a portion of them will buy **GME**. This means less available shares for the shorters which helps our cause. + +I am pretty nervous about how in the dark we are about what the hedge funds have planned. This coming week could either be a huge win, a stalemate, or a letdown. + +Regardless though, what’s important is that **WE ARE STANDING UP FOR WHAT WE BELIEVE IN**!!! + +Keep holding my fellow warriors, no matter what happens next week! + +💎 🙌 💎 🙌 💎 🙌 💎 🙌 💎 🙌 💎 🙌 +Long-time lurker here, but I wanted to officially join the community with a posting. I know $100 is really small, however, it's all I can afford right now. I remember back when BTC was $350 a coin years ago, I almost bought in, and then again a couple years back when it was \~7k, but decided against it both times. Quite a bummer times two, seeing how it turned out, but rather than kicking myself about it, I'm not gonna ignore my instincts a third time. Better late than never! Happy New Year everybody. + +EDIT: I went away for a while to a have a drink and watch the ball drop, and came back to the loveliest comments. You guys are awesome! <3 +I'm looking into buying a house and played around on Zoopla with the interest rates calculator and I was shocked how much of a difference interest rates make to the price how did anyone cope with the 17% interest rates. Would people not be trying to sell houses left, right and centre, banks repossessing, house prices plummeting and rents skyrocketing? + +&#x200B; + +Is there any way we can know what roughly what will happen with interest rate, I can afford 5% but 15% is double the repayments of 5% at least on a £270,000 mortgage which I doubt I could afford to sustain for very long. +https://www.google.com/finance?q=OTCMKTS%3ATWTRQ + + +The ticker TWTRQ is that of TWTR Inc, formerly Tweeter, a home electronics retailer who is now in bankruptcy proceedings. + + +Due to Twitter's filing of its S-1 last night and revealing their ticker symbol of TWTR, people are buying this bankrupt penny stock in droves thinking they are buying into the IPO. + + +Do what you want with this information, but just know that like all tickers ending in Q, the underlying company behind this stock ticker is going through bankruptcy proceedings and the shares at some point will be delisted and worth nothing (see Eastman Kodak a few weeks ago for an example) + + +edit: this seems to be a decent indicator of the demand for the actual IPO, and might be worth a little bit of spec money in the real thing. I personally will be gambling (yes it is gambling) with a decent position of the IPO on opening day. + + +Barring a technical fiasco like the FB IPO, I believe the risk/reward is in the buyer's favor due to insane demand and hype and I expect a likely pop even from market price of the IPO. + + +Current estimates are Nov 7th for the IPO, if not they are shooting for Nov 15th +The idea of a recession is kind of terrifying, it's not something I've experienced before (being in my early 20s). +What can I do to make sure that I protect myself financially? Or even, is there anything I can really do? +Any advice would be appreciated. +Hey, I'm really hoping some experts in here are able to explain/tell me if I'm being scammed. + +I'm a guy and I've been speaking with a girl from another country for about 3 months now. I would say its more than a friendship. + +Anyway, very early on in our conversations she brought up crypto mining and said that I should do it, and she would show me how. +I did some research and thought there's no way I can crypto mine, 1: I'm not clever enough and 2: I haven't even got a computer,  let alone super computer power. + +She then got me to download a digital wallet app and another app where I will transfer my crypto too. We are 'mining' USTD, which is a stable coin. +However,  I'm sure it's not crypto mining, she's basically give me a hyperlink to use on the DApps (Decentralized apps) which takes me through to a mining pool where I can claim anywhere from 1-6% interest daily (depending on my wallet balance) + +So I started off putting 100 USDT to see if it would work,  and it sure did. I was receiving 1.5% everyday, but that's hardly nothing. After 3 weeks I put 1000 USDT in and was reaping a 3% interest everyday. + +Fast forward a couple months,  obviously I have been speaking to this girl everyday and the trust levels are building. Last week, I deposited another 8300 USDT to boost it to 10,000. That way i get 3.5% of that everyday. She tells me she has over 100,000 deposited which means she gets 4.5% daily,  she makes 4500 USDT in one day... + +I've made 2,300 USTD in the last 6 days, since I increased my balance to 10,000. But it all seems way too good to be true?? Surely no one can make this much money a day, for literally doing nothing. + +This girl I'm speaking to now wants me to deposit even more to take advantage of even higher interest rates,  and it's making me suspicious. Could she literally take my money through the 3rd party DApp? + +I've already deposited money to my bank twice before and have been successful, so withdrawing the cash isn't an issue. + +I done some research on 'Coin Staking' and this sounds a lot similar to what I'm actually doing.  With coin staking, your essentially donating your crypto assets to contribute to the blockchain, and you get rewarded each time a transaction gets validated. + +I'm really hoping someone can help shed some light on what I'm actually involved in. I'm happy to answer any questions. + +Thanks so much! + + +EDIT: +---------------------------------------------------------------------------------- +**+2H after OP** + +Yeah, I totally realise what a naive fool I've been. But thanks to the ones that have expressed hope/optimism/advice. +She's now telling me there is a promotional deadline of the 20th March to boost my balance to 30,000 USDT or I can't claim a 2888 USDT reward. It's good i lied to her and said I had more money. + +I'm keeping up the cute chats with her and she said she's going to phone me again tomorrow before the deadline, she's even telling me she's coming to the UK in April, lol. + +I'm obviously 1000% attempting to pull everything tomorrow. + +If the app doesn't let me withdraw or throws hurdles in my way, I'll go to her for help. (I did this last time as the app likes to throw obstacles in the way when it comes to withdrawing) She seems to know the app like the back of her hand. I'll tell her I want to withdraw all the money with the promise of putting 50K in there afterwards. If she just tells me to deposit, I'll say i want to get more familiar with the withdrawing/depositing process. +If I can withdraw, I'm taking the £2,800 profit and will tell her I'll only deposit more once she comes to the UK and see's me next month. See what she says😂 + +Anyway, I'm sleeping. I'm a nervous wreck. Will update tomorrow. + +EDIT 2 +---------------------------------------------------------------------------------- +**2D after OP** + +Sorry for the delayed update, the weirdest thing happened, which I'll get to in a second. + +Firstly, this is definitely a scam, I've been so naive to not realise. What I have fell victim to is something called the 'Pig-butchering scam' .. honestly, look it up. A sophisticated scam, run by Chinese crime gangs, involving of romance and cryptocurrency. Some of the reddit comments said it involved the Chinese mafia, which is why I hid the post.. +Apparently, the scam has been exhausted in Asia, and they are now targeting Europe and the USA. +I think I'll leave this post up as an awareness thing, not that much of you would be as stupid as I have. It was the romantic gateway that really got me hooked into this, I got absolutely played. I read about one guy who invested 1.6m then lost it, poor soul. + +Anyway, the weird thing...The night I wrote this post, someone's comment lead me to an article that explained there were 2 BitKeep apps (the app I was making a profit from), a real one and a fake one. I had a look and I 100% had the real app. + +But when I woke up the next morning, I wondered if they saw my reddit post, because I realised that my app had mysterious changed to the fake one I saw on the article the night before. The layout is now sightly different and the logo has changed, but my balance is still in there. +I read that this fake app can store your your mnemonic information or transfer password when you type it in, so now im really reluctant to try withdraw. I honestly think if I had tried to withdraw when I had the 'real' app on the night I wrote this, I could have successfully withdrawn some, like I had times before. + +The person I'm speaking to is happy to 'walk me through' the withdrawing process before I 'promise' to deposit more, which raises my suspicious that the app is now malicious. I don't think they have any idea i know. +I'm not even sure if they can get access to my wallet until I use the app to deposit/withdraw, now it's changed to the fake one and they can now store my info?? +BitKeep said the best way to get the real app is to be directed straight from their website to the app store, but when I do that now, it only brings up the fake one (which has a white logo and a purple background, the real app has a blue logo with a white backround) + +I'm wondering if there is a way to restore the app to the original, I'm not sure if deleting it will work. My heart sunk when I woke up and saw the fake app, I then realised that I had been too late. But for now, it sure looks like my money is gone or at least locked into the app. + +I'm still playing oblivious and maintaining communication with this person. If I can figure out a legitimate way to withdraw my money, and lure them in with the promise of depositing 5x more, I could be in with a shot. +But, that's probably me just being naive, again. + +EDIT 3 +---------------------------------------------------------------------------------- +**+4D after OP** + +OH MY ACTUAL GOD, I HAVE ALL MY ORIGINAL MONEY + £1,700 BACK INTO MY BANK !! + +So after being sketchy over opening the app the past 3/4 days, I finally tried to withdraw tonight. And it all went through really smoothly... +I don't think the app did change to a fake one, I think the app coincentally updated, I checked through a friends phone and his was the same as mine (Now a purple logo). + +I have been keeping up my act with her, told her I wanted to withdraw the money I had in there, then deposit 20,000. She helped me through the depositing process (I said I wanted to learn the wholee process before investing in it longer term) andd, It's all gone through....I actually can't believe it. I've just sold 12,300 USDT to a merchant, the money is now in my bank. + +I really don't know how to slowly 'cut off' this person I'm speaking to. To avoid depositing the 20,000 tonight, I said a family emergency came up. I've also told 'her' I have a 50K loan coming so this would buy me time. + +I really have no idea why it has allowed me to withdraw with it being a scam, there were no big gas fees or nothing. Maybe they just let me thinking they are getting 5x the investment? + +Either way, I feel so relieved and thankful to have got my money back, I must be of a small minority that have done. I will 100% learn from this, I'm really counting my lucky stars. + +The only other thing......Since I wrote this post, another 2,100 USDT has accumulated within the 'mining pool' I was in + +Do I take it? I mean, I already have a profit and kinda know who I'm fucking with so probably not. + +But if this is a mining pool, full of people who have fell victim to the same scam as me, who are not receiving interest, just a top up of everyone else's money in the pool. Do I just withdraw it? Instead of it going back to the scammers? + +EDIT 4 +---------------------------------------------------------------------------------- + +I tried to withdraw the 2,100 USDT interest from the mining pool, to the dodgy app wallet, and it never appeared. + +The scams over. + +And I just beat it 😁 +Someone suggested I crosspost this here: + +Roof 20 years $7,000 $350/year $30/month + +A/C 10 years $7,000 $700/year $60/month + +Water heater 10 years $1200 $120/year $10/month + +Carpet 10 years $4,000 $400/year $35/month + +Floors wood refinished 20 years $2500 $125/year $10/month + +Washer 8 years $800 $100/year $10/month + +Dryer 10 years $900 $90/year $10/month + +Dish washer 10 years $1200 $120/year $10/month + +Fridge 10 years $3500 $350/year $30/month + +Microwave 10 years $450 $45/year $5/month + +Stove 12 years $2000 $170/year $15/year + +Garbage disposal 10 years $100 $10/year $1/month + +Painting outside 7 years $3500 $500/year $45/month + +Fire extinguisher 5 years $50 $10/year $1/month + +Garage door 30 years $2300 $80/year $5/month + +Run gas to kitchen 12 years $1500 $125/year $10/month + +Run gas to washer/dryer 8 years $700 $90/month $10/month + +$300/month total + +Based on 1% rule with extra 0.2% per 10 years (0.002 per year) +26 years * 0.002 = 0.52% + 1% = 1.52% = 5,350 / 12 = 445 / month +Welcome to another chapter of bagholders anonymous where today we solemnly welcome our brothers from CLIS. We know the usual IDEX, XSPA, GNUS crowd, but today is special. It's a day where we can all learn something from a stock's failure. Let's get started. + +To give you an idea of why we are welcoming CLIS to our club (and to be fair, this is not the 1st time CLIS bagholders are sitting here with us) we can look at a few things: + +1. CLIS is down over 33% today from a high of .98 to its current resting spot of .59 (writing as of 4:26pm) Why? [Buy the rumor, sell the new](https://www.reddit.com/r/pennystocks/comments/j1yc4q/clis_clickstream_corp_officially_announce_app/g72107b/?context=8&depth=9)s. It's as tried and true of a rule as there is with stocks (but especially volatile stocks), and given that CLIS is literally a penny stock, lets jump into what the news is: CLIS is launching the "first ever synchronized gaming platform" app called WinQuik that will have 26 hosts that you've most likely never heard of hosting trivia questions that will result in a grand prize of $500 for the top participant each day ([$1600 in monetary prizes in tota](https://www.streetinsider.com/Accesswire/ClickStreams+Game+Host%2C+Celebrity+Chef+Jordan+Andino+to+Appear+Today+on+the+Digital+Stock+%26+Investment+News+Network+Rich+TV+Live/17402266.html)l). This would be a revolutionary concept if we all collectively forgot that Trivia HQ didn't get launched 3 years ago. Or Tellie. Or Swagbucks Live. Or literally any of the other 20+ trivia for cash games you can find in a playstore. You think Joshua Dobbs (loved him as a college player to be fair) is going to get a massive amount of people onto WinQuik? LOL. +2. This stock has, over the past 10 years, gone from $96 to less than 0.01 per share. I'm not a math major, but that's -99.9896% decrease in value over 10 years (Math wiz's please feel free to fact check me as I'm admittedly in the words of Alex Jones "Slightly retarded" when it comes to math) This stock was jacked up to .25 in May only to fall to .07 in late June, popped up to .12 in early August. + +Fast forward to this past week, If you bought last Wednesday and sold at the bell this morning, you would have made .018 cents per share in profit as the stock opened at .07 last Wednesday (9/22) and hit a high of .098 this morning (9/29). Hell, if you sold yesterday, it would of been over a 10% profit as the stock hovered between .08/.089. + +However, today, you had a perfect storm of selling the news of the app being released, and bagholders from August and May selling off what they had to recoup any of their investment. This resulted in a collapse of the stock price (I already can imagine what some of your CLISers will come up with, don't kid yourself, a 30% loss of value on a stock IN ONE DAY is an absolute disaster no matter how you try to flip the script). + +So welcome CLIS bag holders, coffee is on the right of the table and the xanax on the left. Use this as a lesson, and remember: buy the rumor and sell the news. + +&#x200B; + +Edit: math. +Edit: Please check this out as well as some of what I posted is incorrect. On mobile so will correct when I am on a computer +https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/?utm_medium=android_app&utm_source=share + +TLDR: Stock Split Dividend will be allotted to Share Holders and disbursement is issued by going through Journal Entry. + +So I've been Googling how Shorts would be affected by a stock split dividend and how it would proceed. Lo and behold, there is nothing on the internet pertaining to a **stock split dividend** and how shorts will be affected. The only thing I could find is about repaying the loaner a stock dividend in cash. + +(It's as if no one in the financial markets wants to discuss this scenario, so I'm hoping this sub can come to a good understanding as to what could potentially happen.) + +If you're not familiar with what is going on, GameStop is proposing an increase to the **authorized number of the common stock from 300,000,000 to 1,000,000,000** in order to implement a **Stock Split** in the form of a **Stock Dividend**. + +Proposal 5 from [https://investor.gamestop.com/node/19696/html](https://investor.gamestop.com/node/19696/html). Also, it has been stated that they already have to ability to do a stock split dividend with the current authorized 300,000,000. + +&#x200B; + +https://preview.redd.it/59aqz6gt6it81.png?width=843&format=png&auto=webp&s=694ac939a4c5ca98736d59778b3a04d5d53deab7 + +The biggest confusion I have come across is the difference between a **Stock Split** vs a **Stock Dividend and what I believe is the Nail in the Coffin.** + +**Check out this info graph about Stock Dividend vs Stock Split.** [**https://www.educba.com/stock-dividend-vs-stock-split/**](https://www.educba.com/stock-dividend-vs-stock-split/) + +https://preview.redd.it/0mjqeq5xbit81.png?width=955&format=png&auto=webp&s=b5c40bf57704045d3b0508d8fdc265fa99089f84 + +Numbers 4 and 5 are the main ones that affect GameStop. + +In GameStop's Stock Split Dividend, **shares are allotted to existing share holders and are passed through Journal Entry.** + +Now, I'm not sure how this works for shares being lent out by institutions like BlackRock and Vanguard, but if I'm understanding this correctly, lent out shares does not constitute you to being a share holder. Case and point: + +https://preview.redd.it/l4el595efit81.png?width=809&format=png&auto=webp&s=38f43eb7eb6bb0f92e563289b452825461a93f7b + +From reading the above, **having the right to vote** means you are the **existing share holder** and with **Vanguard not "owning"** any of their **5,837,633 shares,** they will not be entitled to a Stock Split Dividend (Please correct me if I'm wrong and I'll edit this) given the time the Stock Dividend is distributed. + +**Journal entry,** \#5 from above, **will not have Shorts or Lenders on the book** since the shares were lent out and sold short. The above screenshot, to me, shows a small glimpse to GameStop's Journal entry. (This will need further research as Journal entry is used for the delivery of the new Shares, not the existing shares) + +# How is this the Nail in the Coffin? + +**Simple: Lender Share recall.** + +A Lender share recall will trigger Shorts having to close their position and return the borrowed shares before the **record date** for a Stock Split Dividend. + +# What if this doesn't trigger a Lender share recall? + +Well, the total number of shares of GameStop's common stock outstanding as of April 8, 2022 was 76,347,215. **If I'm not mistaken, whether you are DRS'd or not currently, if you own a share of $GME you are entitled to a Stock Split Dividend**. + +Say there is a 10:1 Stock Split Dividend (for sake of math), that's a total of 763,472,150 common stock on the market ~~that will need to be distributed to share holders~~. So 9 x 76,347,215 = 687,124,935 delivered to existing share holders. + +**WHEN JOURNAL ENTRY** reaches that amount and **Surpasses** that amount, that will be another **Nail in the Coffin** for GameStop to bring to the SEC, DOJ, etc. Will retail get to know the number? Probably, probably not. + +# The market is already being manipulated, can't they manipulate this? + +ABSOLUTELY AND I'M SURE THEY WILL TRY TO. + +# For the people that can DRS and are still on the fence, this is just more prudence to putting your shares under your name by means of DRS. + +For those that can't I believe there have been multiple posts debating on what to do so please reference those. I will edit if posts are linked in comments. + +&#x200B; + +**Please let me know what you guys think and I will edit accordingly.** + +Edit: strikethrough. + +Edit2: Lender Share Recall + +EDIT3: + +Journal entry only used for the creation of new shares and not used for recording older shares. As long as someone owns a share on the Record date, they will be delivered the Stock dividend. + +Text from Bloomberg article: + +Sony Group Corp. is purchasing Bungie Inc., the U.S. video game developer behind the popular Destiny franchise, for $3.6 billion to bolster its stable of game-making studios. + +The deal announced on Monday is the third significant video-game acquisition announced this month, following Microsoft Corp.’s purchase of Activision Blizzard for $69 billion two weeks ago and Take Two Interactive Corp. snagging mobile game leader Zynga Inc. on Jan. 10. Buying Bungie will give Sony one of the most popular first-person shooter games to compete with the massive Call of Duty series, which Sony’s main rival now owns through Activision. + +Microsoft is committed to releasing at least the next three Call of Duty games on Sony’s PlayStation, Bloomberg News has reported. But eventually Microsoft could decide to take the series exclusively to its Xbox console and Windows computers, and Sony may see Destiny as its response. + +Sony is a regular acquirer of video game studios, though Bungie is by far its largest of the past decade. The Japanese entertainment and technology giant typically buys less established studios and enhances them with marketing and development resources, as it did for Naughty Dog and Guerrilla Games. Sony also holds minority stakes in some bigger game companies, such as Epic Games Inc., the maker of Fortnite. In recent years, Sony has made some smaller acquisitions, notably Burbank, California-based Insomniac Games in 2019 and Finland’s Housemarque, aiming to bolster its library of PlayStation exclusives. + +While Microsoft has focused on packing its subscription service, Xbox Game Pass, full of games big and small, Sony’s blueprint is to develop large blockbusters and keeping them exclusive to PlayStation -- a strategy that helped the PlayStation 4 sell more than 116 million units, well ahead of the Xbox. + +Bellevue, Washington-based Bungie, founded in 1991, helped put the Xbox on the map with the Halo franchise and was purchased by Microsoft in 2000. In 2007, the studio negotiated its independence and spun out from Microsoft to work on its next big thing, Destiny, with Activision. That relationship ended in 2019 and Bungie began self-publishing and operating Destiny independently. + +Destiny functions differently than many other franchises. Rather than release a regular cadence of sequels, Bungie decided to continue operating and expanding the most recent game, Destiny 2. The base game is free-to-play, while Bungie regularly releases expansions and season passes full of new content. The move has been popular, drawing in more than 20 million players since 2019, according to Bungie. + + +Bloomberg Article: + +https://www.bloomberg.com/news/articles/2022-01-31/sony-buys-destiny-developer-bungie-for-3-6-billion + + +Other Links: + +PlayStation Blog: https://blog.playstation.com/2022/01/31/bungie-is-joining-playstation/ + +Bungie.Net: https://www.bungie.net/en/News/Article/50988 + +CNBC: https://www.cnbc.com/2022/01/31/sony-to-buy-video-game-maker-bungie-in-3point6-billion-deal.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +IGN: https://www.ign.com/articles/playstation-sony-buys-bungie + +Businesswire: https://www.businesswire.com/news/home/20220131005684/en/Sony-Interactive-Entertainment-to-Acquire-Leading-Independent-Videogame-Developer-Bungie + +Gamespot: https://www.gamespot.com/amp-articles/sony-buys-bungie-for-3-6-billion/1100-6500122/?utm_source=reddit.com + +Kotaku: https://kotaku.com/sony-ps5-destiny-2-bungie-playstation-microsoft-xbox-ex-1848453326 + +TheVerge: https://www.theverge.com/22910846/sony-bungie-acquisition-playstation-destiny-halo + +Polygon: https://www.polygon.com/22910849/sony-buys-bungie-destiny-2-multiplatform-playstation +Hard to find detailed information about heli skiing online, since it's such a niche activity. Curious if anyone here heli skis regularly. What advice can you offer? Stuff like Interior BC vs Alaska vs Elsewhere? How not to get put in a Jerry group? How to get the most out of a trip? Etc +My wife and I are early-30's with 4 small children. I'm selling a company and will net (after taxes/charitable contributions/etc) $5-5.5m. (Queue "Five's a nightmare" from Succession...). + +We have a passive income of $60k/yr and our monthly spend is about $12-14k. If I say goodbye to the workforce we'd be at an SWR of 2.2% using the more conservative numbers here so I feel comfortable taking the leap. + +Does anyone here regret jumping out when they had a lot of career momentum? I plan to build another company in a few years when the kids are older but would love to hear from others who took a similar path. I know starting over in \~5 years won't be as easy as it would be today, but you never get the early years w/kids back! +As per title as Chase now offer 1.5% on up to £250k and if you have £50k in premium bonds with average luck you'll win the equivalent of 1% + +Am I right? + +Edit: +Additional information on why I am asking is, to move my 6months emergency fund, had a few PMs about why I'm not investing. FYI I am I have a S&S ISA with Vanguard FTSE Global All Cap +My fiancé's mom is disabled and lives with us. She receives $1,200 per month in disability and social security. My fiancé and I charge her $305 per month in rent/bills. Which really only $200 of that is rent and the rest goes to cover her bills that are in our name and charged to us, then she just pays us for them each month. + +She keeps begging us to go get her a phone under our cell phone account because her credit is terrible. She says she'll just pay us the monthly bill so it doesn't matter whether it's on our account or if we have to use our credit. But I'm tired of her asking for this and similar things all the time. My fiancé and I are in no position to take on any more loans or debt or any new accounts or anything like that regardless of whether she pays us back for it eventually. It's getting to be too much for us to keep track of and it's too many accounts. We can barely even keep track of our own bills and are trying to get on track financially. We already help indirectly by spending hundreds a month on groceries and other household supplies, which she uses. Not to mention all the gas and vehicle wear caused by running up to the store every day to buy all the junk she makes us go get. + +What should we do? We don't want to see her suffer or go without stuff she needs, but we try to push her to be more independent and take care of her own needs. She makes $1,200 a month and only pays $305 a month in bills. She wastes all the rest of it on cigarettes and fast food, then comes begging to us for money or food or cigarettes when she runs out of money. This needs to stop but we've told her this repeatedly that she needs to be more independent and stop asking us for so much. It hasn't changed anything. She blows all her money as soon as she gets it on crap she doesn't need, then expects us to step in and take care of it whenever she needs something like a phone or a new bed. She could afford these things if she planned better and budgeted better. +It feels like someone has my money and its not liquid at all and I have to pay penalty if I take it before retirement. However, money in the bank is as good as losing money due to inflation. In my 401K, 90 percent of my money is invested in large cap Vanguard. My current employer gives pension. So not too worried about retirement. +It makes me happy thinking that my 401k is earning me passive income, albeit without access to it. +How do you think about 401k? + +Edit update : Final Take from valuable comments = Fill up your 401k and after that fill up your ROTH. +Galloway is a sometimes controversial figure, but I find his writings thought-provoking. + +Today's "No Mercy / No Malice" dispatch is especially relevant to this community, so I thought I'd share: + +https://www.profgalloway.com/the-algebra-of-wealth + +Focus x Stoicism x Time x Diversification = Wealth + +I find myself agreeing with all factors. Anything missing? +I remember reading posts from those that bought during the 2015-16 bear market to amass >100BTC. Not a peep from them now, and rightly so. They know not to broadcast this information. + +So while the 1BTC-ers are announcing now, they will be quiet in 4 years. Maybe even delete their accounts. + +I suggest to all early adopters to not announce how much you hodl. The internet is a dark place and there is no need to put yourself at potential future risk. + + +Alrighty folks, I'm back with another Fed update. Today was the FOMC statement release and speech from JPOW on monetary policy updates. Not much changed from last month in terms of large-scale asset purchases, or rate increases.... but there is one notable addition that is actually kind of a big deal: + +# The Standing Repurchase Agreement (REPO) Facility + +**SRF for short** + +[https://www.federalreserve.gov/monetarypolicy/standing-overnight-repurchase-agreement-facility.htm](https://www.federalreserve.gov/monetarypolicy/standing-overnight-repurchase-agreement-facility.htm) + +What's the big deal you're probably asking me? And what does it have to do with GME?? + +1. shut up and keep holding all the GME - but keep reading because this is bigger and will outlast any squeezes +2. this, along with everyone's favorite standing RRP facility, will act as the new backstop for monetary policy implementation by the Fed - please check out some of my posts on that if you're interested + +**Long story short, this is the other side of the coin to RRPs** \- + +the Fed gives out cash in return and the primary dealers (*only PDs right now, maybe more friends can join later*) give securities (treasuries, mortgage backed securities, and agency securities - *yeah the things they've already been buying every month*) - then the next day it gets unwound, and the assets swap back and the banks get .25% return on the value of the securities that they lent. All conducted in the Tri-Party repo exchange via the Bank of New York Mellon + +|FED|Primary Dealer| +|:-|:-| +|$$$$ + .25% ---->|<---- Security (Treasury, Agency, MBS)| + +**and then the next day it either gets rolled over, or swapped back** + +**Now you're probably wondering, WTF dude??** Why is that needed right now? Well... technically it's not. And JPOW said as much as part of the announcement + +&#x200B; + +But let me quickly introduce you all to the secondary repo market, and specifically the Repos conducted regularly by primary dealers... which we can find here, reported on a weekly basis: + +[https://www.newyorkfed.org/markets/counterparties/primary-dealers-statistics](https://www.newyorkfed.org/markets/counterparties/primary-dealers-statistics) + +If we go into Financing -> U.S. Treasury -> Securities Out -> Repurchase Agreements + +we'll see this: + +[weekly average of well over $1T in overnight\/rolled-over repos](https://preview.redd.it/96ap7qm0n1e71.png?width=679&format=png&auto=webp&s=a76300dbd31ae1dc142e536ab70176d8b3730772) + +**This is repo from the PD's perspective, so it's treasuries going OUT into the market via repo agreements - and yeah that's a lot** + +They're simultaneously bringing in about $800m in RRPs - not just from the Fed, but other participants in the secondary market as well + +[RRPs In](https://preview.redd.it/zdec93hbq1e71.png?width=688&format=png&auto=webp&s=ce0158ffaed0a936638ae6ef9140be4358e92d51) + +So yeah, that's a lot moving back and forth without the Fed's involvement. And this is just one type of security! I encourage everyone to go to that site and explore all the different financing transactions, we're talking ***TRILLIONS in $$*** *across multiple kinds of securities...* + +**everyone is freaking out about us getting closer to $1T with the Fed, and the Primary Dealers have been hitting that number for a while now... so please, can we move on from O/N RRP?** + +^(or not. I know you weirdos love it, but just know there's more out there than just that shiny number) + +# Anyway... the "theory" + +I say all this to illustrate that theory I mentioned, and **from this point it's conjecture so go with me...** + +With the new standing repo facility offering 25 basis points, coupled with very little counter-party risk (that part is key)... what if the primary dealers move some of those repo transactions out of the secondary market (*which is the best and really only option for the SHFs who so desperately need them*)... drying up what little liquidity is left...? + +**That could** ***potentially*** **be leaving some of those collateral-hungry institutions left standing with their dicks in their hands, with nothin left but a call from marge...** + +**BUT** they also very well might not use this new Repo facility right off the bat - in which case we'll just have to keep peeling back the layers of this giant shit-onion; like digging more into this secondary repo market, swaps, credit derivatives and all kinds of other fuckery. + +**So don't take this as any kind of financial advice obviously, just something to think about, maybe jack the tits a little, and watch over the next few days...** + +as always, be kind to each other, and keep on holdin! + +&#x200B; + +e - well the theory didn't pan out today, no uptick in usage with the new SRF... still something to keep an eye on! + +[https://apps.newyorkfed.org/markets/autorates/temp](https://apps.newyorkfed.org/markets/autorates/temp) +I've posted about this before, so sorry for the rant but I'm sick to death of being slugged by accountants. + +Is this normal or am I just being a tight ass? + +I signed up the the accountant on the understanding a tax return would cost $2200 inc gst per year. +This is for a small sole director company x 2 (My company and my wife's company) + +After sign up, immediately I receive an invoice x 2 for: + +1) Change my address to point to their address - $275 + +2) Change my name to company secretary $275 + +3) $55 to search ASIC register + +So basically, straight off the bat, a $600ish bill just to switch to these guys. + +I then just received the bill for the ASIC Fee (Which I always paid myself before) for $274 and they added their fee of $341 for "Preparation, update and lodgement of 2021 Annual Company Statement" which attached to the email is a one pager that looks to be generated from the click of a button. + +Don't get me wrong, I am happy to pay professionals for their work - but I don't like to be ripped off. + +Please tell me this is standard and I am just overreacting to a few hundred bucks? + +PS. Whether or not my business can afford the fees are not the point, what I hate is not being told about these extra fees before I sign up to a service. + +Cheers +Please share your tips and tricks of getting a good tenant while not violating fair housing laws? + +Also, I need to mention that I only have one unit to rent out and until most recently I have been the occupant of the unit. Also, I live in Maryland. + +Thank you! +I'm wondering if anyone here has ever successfully negotiated a long term corporate housing agreement with a corporation directly and not through an intermediary like AirBnB. + +&#x200B; + +I have a townhouse I'm trying to rent in DC area and there's a lot of options but I was kind of hoping to tap into demand coming from large organizations who frequently have temporary workers but don't want to pay high price for hotels. Any advice or pointers about how to find such a beast? +fucking bullish I can’t even get my head around it. This was foretold in the DD that we would be painted in this light and here we are, a year later and they’re trying to sway public opinion about us. How can anyone not be bullish about that? Buy, DRS, hold is all I know. I’m sorry if doing this breaks the economy but if it does, maybe it was already broken… +There is no other coin which got more hate since the beginning of the year than Doge. Most of the people here, me included, predicted it will dump after each pump it had. + +But here we are today, with so much blood in the streets, Doge stood its ground and is now the 3rd biggest crypto by marketcap. Still holding its incredible YTD ROI of more than 6000%. + +And this all **despite the fact you cannot stake Doge**. Unlike ADA, BNB and plenty of other coins that are behind Doge. + +It all might have started as a joke but we can now see how serious people are about it. And although I still can't believe Doge is where it is, I now have much respect for Doge holders. +Ok so it's 5 in the morning. Can't sleep. Binge watching skateboarding shit. Come across The Nine Club interview where Tony is talking about how much he made from the video games. He proceeds to talk about how shoot em up games kind of took over the market over the last few years. Tony, if this somehow makes it to you...I got a idea. You probably don't know about us retards over here but I can tell you one thing: we game. I grew up playing THPS and it's the whole reason I started skating. I saw you do the fucking 900 live brah. That was my little niche in life: skateboarding and video games. Fucking legend. Anyways. You say Activision isn't currently thinking about a game but you got a mobile game in the works. How about this. Maybe not this game cause it's basically done. But NEXT game, get your team, make your own game, sell it as a NFT on GameStops Marketplace. I would buy that shit so fast. Make it where you have tons of characters, we get to buy em, skate em, and you, GME and the skaters get a kickback. With EVERY trade. Maybe I want to trade a Rodney Mullen for a Karem Campbell. I choose the price, someone agrees and buys it, you all get kick backs, everyone wins. Im really starting to fucking get what NFTs can become, and now days...fuck the middle man. I made a post about Andrew Schulz doing his stand up thing. I've made comments about music and comedians and all of it. NFTs are how you own your own shit. Make your own profit. Just want people who created content thru music, art, gaming, sports, etc to not need a company to tell them what to do...be your own creator. Power to the players... +Bitcoin wasn’t made to be another Wall Street instrument, or an “investment” if you will. It was always about making sound money with predictable and fair rules. You don’t make money with Bitcoin, because it is “money”. + +Just like gold, first people have to believe it’s a store of value, then a layer on top of it will be for transactions. There are basically two outcomes for that vision: + +1. It succeeds and Bitcoin becomes the global money system + +2. It fails and goes to zero after successive governments bans and mainstream fud + +You measure which one is more likely by things like the network value, hash rate, adoption, etc. + +Whether it is $44k or $38k or $75k is completely irrelevant. Just like whether Bitcoin was $100 or $400 few years ago is irrelevant today. + +If you don’t believe in #1 and want some exposure just in case, just put 1% of your net worth in there and forget it. + +If you fully believe in #1, DCA and Hodl. + +If you want to trade in and out, Bitcoin is terrible for that. At a minimum, you will be paying trading fees and terrible spread. Just open a brokerage account and trade some stock that you feel good about. +So, in this task I am trying to determine if the hooded figure in the back of the WuTang NFT purchase photo by PlearDAO could be the same as our man RC in his hoodie in the Gamestop store picture. + +[Gamestop Chillin](https://preview.redd.it/6so50ui1vav71.jpg?width=646&format=pjpg&auto=webp&s=bdb3f345ed366f7075ef5095eb9b214c59815657) + +[Wu-Tang Killin'](https://preview.redd.it/eqibxmi4vav71.jpg?width=1800&format=pjpg&auto=webp&s=8fd637ccbfe1af37c51b2c62ca8652a49dcaa191) + +First I thought I might try to determine by height. However, I quickly found that this is virtually impossible for a number of reasons. We don't know RC's official height (although it's rumored to be 6'2") and he doesn't have any images standing up straight close enough to something else known to get an accurate measure, pixels or otherwise. Also, if you look carefully at the PleasrDAO photo, that hooded person is standing a little farther back than that back row of people, as if he is a different group or something and not in line with them (almost as if he is not part of their team...BULLISH! Lol). + +So instead since we can see the seams in both hoodies and have a good mid-point in both photos and at least one good shoulder break in each, that is what I used to compare. + +First I cropped both images to get the clutter out and make it easier to focus on the hoodie, specifically the shoulders and seams. Second I reversed the hoodie image since that person is standing backwards, and I wanted the shoulders I'm comparing to be from the same side. Plus since only one shoulder is visible, I didn't want to guess on whether the other shoulder matched, so a mirror image would ensure the shoulder width of the hidden side is accurate. Next I made a duplicate mirror image of the hoodie and joined them exactly at the middle seam's joint on the base of the hood on the neck. + +&#x200B; + +[PleasrDAO hoodie mirror image matching back neck seam.](https://preview.redd.it/e9jy94t6vav71.jpg?width=288&format=pjpg&auto=webp&s=6f5d2dbed19c05a5636f68d8e298bab8d36ea63d) + +To clean up the Gamestop RC photo, I had to tilt the image about 3 degrees to get his head and shoulders relatively level and cropped that one as well. Next I overlaid the hoodie pic onto the Gamestop pic and scaled the hoodie until just the seams matched in size as exact as I could get (going by both pixels and by eye based on the shadows of the seam). Once I did that, I matched up that center point of the base of the hoodie seam with RC's adam's apple which is a reliable neck mid-point for reference. + +Lo and behold, the width of the shoulders matches and the hoodie head size is realistically the same size and height as RC's head! It doesn't look exact until you move the overlaid hoodie image up a bit so the shoulder joints would overlap, and then boom. This is easy to explain since in one image his shoulders are relaxed and in the other he has one lifted and is leaning a bit. + +[Matched the seam size on both images and aligned the hoodie seam base joint with adam's apple.](https://preview.redd.it/wdmdjk7bvav71.jpg?width=246&format=pjpg&auto=webp&s=7fbb18bedc8fcb72478c9fe50949ad4e55b7c3b5) + +[Boom. Shoulder width\/joint locations match up and adam's apple is spot on with the center of hoodie! Red dots did not move.](https://preview.redd.it/cb3ruyjfvav71.jpg?width=246&format=pjpg&auto=webp&s=3c83ff92b51c6dccd4698892c19f1ae8220aa590) + +The hoodie looks like it's too big in the overlay, but it's actually perfect when you account for the extra width from doing the mirror image, since that center seam turns slightly with the person's head, and therefore would have a little smaller width in real life. I tried my best to save some of the overlays so you can see what I'm talking about, with red circles marking the shoulders and adam's apple. A video would make it easier to see what I do but alas I am too smooth for that. + +Here is what that last image looks like but with the hoodie overlay moved up a bit so you can really see the shoulders matching. + +[Shoulder is slightly tilted but definitely the same width.](https://preview.redd.it/7wpaot8zvav71.jpg?width=246&format=pjpg&auto=webp&s=bb825a63682c6a684346af503d1abe42d28d0e62) + +I was skeptical when I started this but sampling colors from the hoodies and the way the seams match so perfectly really is just jacking my tits beyond belief. + +Edit: If RC really is 5’9” as suspected, that would still make sense in the photo since he is standing the farthest back of the group and yet is still taller than all of them except Jamis Johnson, who appears to be around 6’ as well. +Here are some highlights from the Berkshire Hathaway Q3 report posted this morning. + +https://imgur.com/a/stsZD8y + +* $7.8 billion operating earnings, up 20% y/y + +* $31.4 billion operating earnings last 4 quarters, up around 25% from the previous 4 quarter. + +* Q3 includes a $3.4 billion pre-tax, $2.7 billion after-tax insurance loss from hurricane Ian. https://imgur.com/a/km2eHrW + +* $1 billion in buybacks in Q3, all Class A shares. https://imgur.com/a/edgCf8h + +* An additional ~$500 million in share repurchases from Oct 1st to Oct 26th based on disclosed share. https://imgur.com/a/SGLOhdk + +* Berkshire owns about 20% of Occidental Petroleum (OXY) with warrants to purchase an additional 8%, so they will report as equity method going forward, meaning instead of reporting this as a stock holding, they report is as partial ownership of the company and report a proportional share of the earnings as their own. Since OXY hasn't reported Q3 results yet, they have not included their ~20% of the earnings in this report. They will report on a 1 quarter lag going forward. I estimate OXY's Q3 earnings generated around an extra $500 million in operating earnings this quarter. https://imgur.com/a/nlzPR57 + +* No major buys or sells apparent from the report. + +* Increased cash position to $109 billion + +* Berkshire completed the acquisition of Alleghany Corporation (Y) for $11.7 billion in Q4 funded by cash. That wills how up in the annual report. + +https://www.berkshirehathaway.com/news/nov0522.pdf + +https://www.berkshirehathaway.com/qtrly/3rdqtr22.pdf +This weekend I have been doing reading about coins for my moonshot portfolio and I am a little bit conflicted. I would like to add projects which have a low market cap, proper exchange listings (for some liquidity), have released actual working products customers are using as well as have sort of technical or patented moat. + +&#x200B; + +I have been reading /biz/ and I have seen a few projects suggested, but most of them feel like shills. Chainlink & VIDT have both been pushed too hard recently for me to honestly give them a look. Edenchain and Fantom just released their Mainnets and are interesting, but maybe a little too early stage. I had a look at both of their communities and they seemed a little quiet or at least not that excited. + +&#x200B; + +I’m open to ideas if anyone has projects they believe in. +I noticed this in my gf's car this week. The amount of gas she had on Friday compared to Tuesday seemed very low relative to where she drove during the week for work. I mentioned it to her and calculated the mpg and it was much lower. Her car only has 50k and we keep up with the maintenance so it isn't anything about that. And then I have seen a lot of people mention this same thing across social media. No matter what car they have and the condition of it. + +I get we are more conscious about gas and the prices and our mpg but gas has been high for a long time and I am ALWAYS conscious about our/my mpg since I have been driving. I know when it is off. + +Is anyone else noticing this lately? +My individual portfolio currently has about $32k in it. It is very diversified and about 15% of it is in PLTR. + +Tomorrow morning I will be selling everything that isn't PLTR and putting it into PLTR. Why am I doing this? Because I don't like my 9-5 job. I will either end up rich or losing it all. Either way, whatever happens happens. + +Edit: Markets are closed tomorrow. Doh. Tuesday I guess. +First of all I'd like to get this out of the way. Getting an instant deposit from Robinhood for an amount that you do not really have and then investing that instant deposit and trying to do some fuckery is not the same as the infinite leverage glitch. + + +It's not even a glitch. + + +It's called Free Riding + + +And it's illegal. + + + +**DO NOT DO THIS** + + +But yeah we should pool together money to have lawyers in retainer so that when people do autistic things like this anyway, we could probably save their bacon and increase the chances of them doing something as autistic again and doubling content we consume. +First of all I'd like to get this out of the way. Getting an instant deposit from Robinhood for an amount that you do not really have and then investing that instant deposit and trying to do some fuckery is not the same as the infinite leverage glitch. + + +It's not even a glitch. + + +It's called Free Riding + + +And it's illegal. + + + +**DO NOT DO THIS** + + +But yeah we should pool together money to have lawyers in retainer so that when people do autistic things like this anyway, we could probably save their bacon and increase the chances of them doing something as autistic again and doubling content we consume. +There is no such thing as free lunch in any market and a BEAR market is no different! + +When the majority think that they KNOW where the market is going, + +It usually puts them right in their ass. + +So when I see everyone in the sub screaming that we are entering a BEAR market. It makes me feel at ease. + + +It’s when everyone is sure it’s going to go up (cough cough 100k by December) is when I am the most fearful! + + +Swim against the current my little fish ;) + +Anyway happy HOLDing/DCAing + +MY OPINION: we are in a LONG term bull market with short bear moments. + +64k in may. The low was 29k + +Higher high 69k + +Higher low… 34k? + +Y’all are packing your bags WAY TOO EARLY +I know the figures seem massaged a bit ie there's repeat listings, lower numbers and a stack that have been non-declared but do the increases in the last fortnight mean much or even anything? Domain had Sydney's prelim results at 61% on Saturday and Melbourne at 55%. +I work for a Big4 consulting firm (graduate position). + +I can usually do 70% of the task without getting too nervous and I’m comfy with them (in consulting there is a LOT of networking and social interactions to be done and they are fine). + +There is a problem: anytime there is an important face to face meeting I get stressed and my heart rates increases as soon as my turn comes. + +I have to present to my whole team in June for a big meeting and I thought of using 30mg of Propranolol before it. + +I heard of people suffering of the same symptoms using it and that was a life-changer for them. It boosted their carrier basically, because essentially the only thing was stopping them from a good performance was this unpleasant physical situation. + +Bearing in mind that I conduct a normal life and these episodes only happen in these unusual situations like bi-monthly meetings etc. + +How many of you guys in the corporate world use it for events only (I don’t need it everyday) ? + +What are your thoughts ? + +••Editing after reading your comments:•• + +WOOOW!! Before today, I’d have just thought they were like Xanax and like all of the other “commonly thought to be only for people with severe anxiety pills”. + +I mentioned it to my girlfriend studying biomed and she ends up telling me that they are basically just like almost natural pills, blocking the receptor that “connect” hormones like the adrenaline to the heart making it pump faster. For example, bananas have a lot of them. + +Like seriously people, if your corporate job’s only restriction is this unpleasant tachycardia that comes whenever you have a meeting and thinking about the fact that you could have this also scares you beforehand, then I think it’s fine using this sometimes. They do not cause any sort of dependence and tolerance doesn’t go down over time!! + +I came to this conclusion after having more than 20 overall psychologist sessions and after knowing the benefit of mediation on my body (I use virtual reality for that and it’s amazing). So probably you also want to try that beforehand just in case. +My partner and I (and our dog) are comfortably spending 500 per week on a three bedroom that’s admittedly a bit large for us. We are thinking of taking out our first $230,000 loan so we may purchase a one bedroom unit with a small yard. + +With rates so low, it makes sense for us as the mortgage repayments would be way less than what we’re spending in rent and that’s including putting down for a principal each month. + +Is this a silly thought to buy a house purely so save money on rent? We don’t expect the value of a 1br unit to rise very much but that would be a bonus. +A few months ago, in a response to a thread entitled *"Bank of Mum and Dad 'one of the most critical yet least understood' factors in the current housing boom"*, I speculated that lenders were getting more predatory and selling much riskier loans to more vulnerable people: + +> Every sign is pointing towards catastrophe as soon as the RBA has their hand forced to increase interest rates. The market will eventually correct itself (no matter how much it is being propped up), and plenty of over-leveraged young families with shaky income will fall into negative equity and default. This is an impending national disaster, and I fear that the writing is on the wall. +> +> Additionally, I find it baffling that the banks are even *approving* most of these loans, with a financial trail that clearly shows [an average parental contribution to a deposit is slightly more than $89,000](https://www.afr.com/companies/financial-services/bank-of-mum-and-dad-contributions-hit-34b-20210317-p57bkz) was gained as a cash gift, whilst [the average home deposit in Melbourne is ~$107,000.](https://www.9news.com.au/national/australia-property-news-first-home-buyer-deposit-cracks-100000/3727a997-d269-4cb9-820d-2d5cc3660bec#:~:text=Data%20from%20the%20Australian%20Bureau,recommended%2020%20per%20cent%20) This data directly implies that the average amount of savings young families, first home buyers are directly showing banks as evidence of saving habits is *on average* $18,000. +> +> Banks are signing off on this within their risk tolerance. +> +> [Financial institutions don't seem to be doing very well in the risk-tolerance sector recently. ](https://www.dailymail.co.uk/news/article-9512141/Credit-Suisse-revolt-remove-risk-chief-53-Archegoes-Greensill-scandals.html) +> +> I think that there are very worrying times ahead. + +Today when doomscrolling through FB, I came across [this advertisement for a house and land package to a couple that had admittedly been turned down by "so many other builders that told them they couldn't help".](https://imgur.com/a/pLuMrCA) + +Every day, I'm blown away by the leverage in our housing market and the risky finance that people agree to to have their own slice of the Australian "dream". Maybe I'm Chicken Little here, but is this kind of thing not a warning sign of impending disaster around the corner for many young Australians FOMOing into a market that is deeply entrenched in our culture as a generationally-advised "investment", only to see mortgage stress explode at the early signs of interest rates increases? [Just today, President Biden met with financial regulators including JPOW, Gensler and Yellen ](https://news.bloombergtax.com/daily-tax-report/powell-yellen-to-meet-with-biden-at-white-house-on-monday-1) to discuss [how strong the financial system is](https://www.washingtonpost.com/politics/2021/06/21/joe-biden-live-updates/), yet it seems that a [disastrous collateral and liquidity crisis has been the sword of Damocles, hanging over the heads of the US financial system for years.](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) + +Only time will tell. + +Edit: I'd like to point out, as the title says, that this is entirely speculation. I am not providing cold hard evidence of events present or future, I am merely speculating on perceived heightened risk appetite conditions that lenders are accepting, whilst operating in a speculatively volatile lending environment. +Hey all, I just started a full time job that pays $11 an hour where I work 35-40 hours a week, I know I’m not breaking the bank or anything but I honestly don’t know what to do with the money I’m making. I feel irresponsible just spending it on junk I don’t need and I’m not sure what exactly I should be saving for. + +I’m very fortunate to have parents that can provide for me and I don’t want to waste this very crucial part of my life not thinking about the future. +I have quite a bit of credit card debt ($15k or so) and am considering taking out a $5k-$10k loan from my 401k (worth $50k+) to help build up my savings account and pay off my credit cards. I am primarily doing this so I can use my savings to move into my own place and also maybe take a trip somewhere nice soon, once Covid restrictions lift. + +I can take out a loan without going over my tax bracket and can pay it back within 5 years or less by it automatically taking payments out of my paycheck every two weeks once I take out the loan. So as soon as I take it I start paying it back. + +I know it isn’t recommended to take money out of your retirement account early (I’m 30), but I really want to be in a better place financially and I have no idea what the retirement and Social Security systems are going to be like when I’m 65 or older. Is it worth the risk? +This guy is 39 and has been working in private banking for a while - currently specializes in the Chinese market. I shall call him Bob + +Only had a brief conversation (football, small group gathering etc.) that was only about 2 sentences. + +Friend: hey, Bob, what do you do again? + +Bob: I do private banking, but specialize in the Chinese markets. + +Me: oh, so you're ready for that collapse? + +Bob: it's a shit show, bottom is in November. + +I didn't want to go down the GME rabbit hole during this quick intro, but the global economic collapse is around the corner #buckleup +Life time subscription to NFT drops and items, a usable model in a Metaverse environment ready to go. The Cyber Crew clone and clone card are going to be remembered as the ones that did it first and did it well. The price of these is already shooting upwards and in the coming weeks, I feel its going to be in the 1000's of $$$. If Bored Apes can be worth nearly 100 Eth, these are definitely worth alot more. + +Congrats to those that managed to snag one of these, unfortunately I ended up buying a cyber bike and cant afford the prices now. The bike is also a great buy but no way as good as the 2 clone NFTs which will open the door for self owned characters and items. +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. +How do you manage your finances assuming an average UK wage? Do you balance single living by living in a not so nice area or smaller place? If so, do you ever resent this? + +I have had a enough of sharing but I'm finding it a bit of a struggle living on my own on my wage (around £2k net albeit salary sacrificing 20% to pension). + +Any comments, moaning or advice welcome :) +Is this the bloodbath the prophecies foretold? + +Is it going to get worse or better? + +Opportunity to buy or time to sell? + +Did OJ do anything wrong? + +Discuss +President is pledging to give $30 in Bitcoin to every El Salvadoran. + +With a population of 6.4 million, that’s over $150 million in + +This is huge for Bitcoin. + +This is the biggest crypto mass adoption ever in the history + +President of el Salvador has already pledged to mine BitCoin through natural resources + +Seems like Satoshi dream is coming true +Taking aside the effects on prices of you selling billions worth of stocks or options, with the existing numbers what is the fastest way to get to just a fraction of the US debt? + +I'm thinking somewhere around 2010 is feasible? + +Edit: all y'all talking about how quick you can do it, now show me the trades you'd make, day/time blah blah blah +The amount of new people I see “trading” more is absolutely bonkers now + +From friends on Instagram that have become “traders” and handing out advice to people on TikTok that are posting advice after making money on “Tesla” and calling themselves “Gurus” and shilling SPACs and penny stocks + +If there is another big leg down is gonna absolutely DESTROY new traders and I’m completely fine with it + +Seeing a bunch of plebs posting about how they grew their account from $500 to $1000!!!! Is getting really fucking annoying. + +Especially when they start handing out advice to their parents and losing all of their money + +Idk man I for one welcome the next leg down if it ever comes, tread carefully from not until pre-Elections + +Shit is about to get really wonky + +TL;DR New traders annoying. Don’t take advice from anyone on IG or TikTok. Don’t buy courses. Inverse everyone on WSBs. + +Edit: SPY $500 Jan 15 2021 Calls +One of the largest North American Bitcoin  mining farms, Bitfarms, has mined its 1,000th coin with 100% hydroelectricity. 🌊♻️ + +"We expect to more than double our installed hydropower infrastructure in Québec, triple our operational hashrate in 2021" - Bitfarms’ CEO. + + +Source: https://bitfarms.com/app/uploads/2021/05/2021-05-28-Bitfarms-PR_BTC_Production_UpdateFINAL.pdf +I follow a lot of earnings. Pretty much all the big ones. Every time there's an earnings report, it's like the stock picks a direction and either plummets or rockets instantly and that's the way it goes the rest of the session. How the hell do investors or institutions read an earnings report and make a decision SECONDS after the report is released. I will never understand it. Usually I wait until a Twitter announcement or Edgar filing, and glance over the financial details for a few minutes. By that time, the stock is already up or down 10% after hours. What is going on here? + Originally posted by u/Easteuroblondie a day ago + +# Interesting tidbit from the AdTech industry + +[**💡 Education**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%92%A1%20Education%22&restrict_sr=1) + +I come from and write about the adtech industry. Today I was going about a totally non GME-related project and read something interesting. + +**You see, the big news in this industry is that the cookie - a little piece of code that tracks user behavior across sites - it’s getting phased out.** Everyone’s been talking about it for years. In case people don’t know, data is so damn valuable. Data is what over $600B a year in digital advertising spend is based. **Google and Facebook make all the money they make because of how much data they have about users.** But this cookies thing is exacerbated with apple making some power moves in terms of privacy, accelerating the transition away from the cookie. It hurts Facebook, which is why FB stock sunk last week. Apple rolled out the few features, really stunting FB from being able to collect data. + +Now, there’s a flurry around what’s going to happen in a post-cookie world. Facebook in particular is worried about this because it hurts their core business model significantly. FB has sent people who run ads numerous emails about it over the last year or two, as well as run campaigns against it (including a full page ad in the WSJ) trying to convince business owners that apple is bad. Congress is currently considering a bill to ban cookies because it’s also at the heart of a lot of bigger societal problems in a seeding kind of way. + +Ok…so what? I’m getting there but bear with me. So every data-centric company is trying to think how they will be able to get user data without cookies, which consolidates data from third parties. Now it’s all about first-party data, or stuff you collect on your own sites. + +**Two companies that are emerging as the power players in this post-cookie world (that keeps zuckerberg up at night) in terms of data solutions are Microsoft and IronSource.** + +And how did they develop their first-party data products? Apparently…through gaming. Both companies had made strategic gaming app and tech acquisitions. IronSourcewas worth under $2b in 2019. In 2020, it made a bunch of gaming acquisitions. In 2021, it was valued at $11b. They had 5x’d their valuation in less that 2 years with gaming acquisitions happening in the interim. + +Ad tech companies are buying game developers and some of the bigger game developers are buying smaller ad tech companies. This marriage is a smart way to develop first party data solutions without relying on cookies. This is a better explanation: [ad exchanger article](https://www.adexchanger.com/the-sell-sider/the-real-reasons-gaming-companies-are-merging-with-ad-tech/) + +TLDR; the adtech data businesses (like Google and Facebook) are realizing the gaming is a good way to get first party data which is going to be critical in a post third party data world. This means gaming companies are more valuable to companies who monetize on data like Google, FB, and IonSource. Bigger gaming companies are buying adtech too. Gaming is starting to emerge as the vehicle to marry first party data and advertising, an industry that is in flux in light of the core building block - the cookie - being phased out. GameStop is actually in a very good position by nature of being a gaming company either through acquisition OR becoming a data-collecting company. That makes it more of a Google/Facebook-like company in a post cookie world. + +[https://www.reddit.com/r/Superstonk/comments/smkqzg/interesting\_tidbit\_from\_the\_adtech\_industry/](https://www.reddit.com/r/Superstonk/comments/smkqzg/interesting_tidbit_from_the_adtech_industry/) + +This post never got the acclaim it deserved and after RC's tweet it had me titties jackedth! + +I did some delving into IronSource a day ago and found out that 90% of ALL APPS use IronSource software. Their CEO Tomer Bar-Zeev mentions it in following YT Video link - + +[https://www.youtube.com/watch?v=CTme2eCoA5Y](https://www.youtube.com/watch?v=CTme2eCoA5Y) + +I'm not the wrinkliest of apes but data collection is huge business and the fact the main mechanism for the likes of Facebook to get that data is going away and u/Easteuroblondie's bullish post "just" prior to RC's tweet has me believing there is much more to this and maybe a potential collaboration? +Helo, I am a 20s male. I have 60k in savings just sitting there, willing to invest 40k. I wanted to invest in March but then covid happened and everything crashed so as a new investor I didnt feel right investing then. Lately though the stocks keep going up and up. Tesla, Apple, NVDA, MSFT, AMZN, all time highs. I want to get in now but im scared the bubble(if there even is one) will burst right when I get in. COVID surging, possible Biden election win, China trade war all reasons for a drawback. Yet I cant stop hating myself for all these missed gains. Any seasoned vet willing to give me some advice. I literally felt sick to my stomach today seeing Tesla at 1200, coulda 3xed my money if I bought the dip. + +I like to think I do pretty thorough research but I know I can always improve. What all do people research to determine if a specific coin is worth buying? + +Bonus quote: +*“All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible.”* + +~T. E. Lawrence~ +Hi, i'm about to buy my house and my parents have told me that they have been putting aside the money I've been paying in rent to give back to me when I buy my house. + +I've had an offer accepted, and have started looking at the mortgage options... Would I need to declare this as a gift from my parents? I'm planning on putting it in with my deposit. + +Edit: Thanks very much for everyone's responses. So having it registered as a gift for the application is the best process. +Hello, my total compensation currently increased to the point of having to worry about the 100k tax trap which means from here on out I'll need to make pension contribution amounts to avoid it. + +My current thought process is to put the bare minimum in e.g. if I make 120k, then I put 20k into my pension and do this as long as I can. + +The alternative, and this is where my knowledge is lacking, is to max out my pension as early as possible i.e. 40k. My concern is that if I do 40k for a long time (\~6-8 years) I'll hit the lifetime allowance point and incur the charges associated with it (I'm 29). My other concern is that the benefits associated with higher rate tax payers won't last forever, so it'd be good to take advantage of it while things are good. + +I'd appreciate any thoughts around where I've missed something. + +Thanks! +So i have notuced in the past few weeks ever since the so called $GME short squeeze has gained momentum, there has been a large influx of new subreddits being created which to me seem like echo chambers. People folowing a cult like mentality to hold the line, pumping the stock and never selling, discussing all kinds of 'battles' with hedge funds which are taking place ? + +Can anyone provide me with a sane overview of these so called 'battles' and what they mean by 'holding the line' What is their end game ? Are they really so emotionally invested in this stuff ? Are they simply bag holders who bought at the peak and are now suffering from cognitive dissonance ? + +To a normal everyday investor this seems quite strange and cringeworthy. + +People buy stocks, people sell stocks, people make money, people loose money. No one is out to get you, no one is fighting battles on the order book. + +/rant over + All credit goes to u/I_IV_Vega she is the brains of this operation, I am but a humble servant. + +Papa Cohen owns his shares in an LLC + +There has been a lot of debate over the effectiveness of direct registering shares held in IRA accounts, how best to do so, and if it's even possible. I've found an interesting option that seems to be optimal given each concern brought forth. For those concerned over whether or not having a custodian in charge of your IRA will impact the ability of these shares to be lent, this appears to solve that problem. For those who wish to avoid any hefty tax or other penalties associated with cashing out your retirement account and wiring the funds over to buy, direct register, and lump them with the rest of your shares, this appears to solve that problem as well. + +It turns out that there is more than one type of Self-Directed IRA account. The one causing concern for some is the "Custodian Controlled Self-Directed IRA". In these accounts, the custodian does everything on your behalf at your direction. The concern is that because this custodian is essentially holding the shares for you, it may be possible for them to continue lending them behind your back. There is a cool way to get around this though, like there is with most things in the financial world. + +Enter the "'Checkbook Control' Self-Directed IRA". Also called a Self-Directed IRA LLC, Self-Directed LLC, Checkbook Control IRA, etc., this is a special type of IRA account that essentially came out of the court case [Swanson v. Commissioner, 106 T.C. 76 (1996)](https://scholar.google.com/scholar_case?case=15277963416926279130&hl=en&as_sdt=6&as_vis=1&oi=scholarr). The interesting bit here in these cases is that Mr. Swanson caused his IRAs to form and own two companies. He made himself director of these companies, and then directed the custodian of his IRAs to purchase all of the original issue stock in the companies he created. This left his IRA accounts holding all of the shares in his companies, letting him retain full control of the companies he created. This also injected his companies with all the cash in his IRA accounts. Remember, those companies sold stock to his IRA accounts, so it makes sense that the companies that sold stock should receive money for it, right? This was all upheld as being legal by the courts. The only part the courts didn't like was that one of the companies was basically intermingling funds with a property sale that Mr. Swanson was conducting in Illinois, after moving to Florida. However, that's not really relevant to what's going on here (except for the Florida part, although that's some fun tinfoil I'll get to in a bit). + +The way these accounts work is that just like Mr. Swanson, you create a company for yourself with a business checking account. This LLC issues shares of ownership, which you buy with funds in your SDIRA account. Your LLC's business checking account receives a phat deposit from the sale of shares to their angel investor (your SDIRA), and they are free to use these funds conduct business as long as they don't enter in to any [prohibited transactions](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions) (buying stock is not a prohibited transaction). + +Here's a nifty flowchart that I stole from IRA Financial Group's website to sum up the process so far: + +&#x200B; + +https://preview.redd.it/omjm9nd3yd781.png?width=514&format=png&auto=webp&s=f2fc91af187a7fc00a9897f1f5255632ca995030 + +https://www.irafinancialgroup.com/learn-more/self-directed-ira/the-self-directed-ira-llc-checkbook-control/ + +Now in order to get that money into Computershare and buy stock directly registered in your name, you just use your fancy business checking account to wire funds to a Computershare account that you set up with your [Employer Identification Number (EIN)](https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies). Think of an EIN as being like a Social Security Number (SSN) for a business instead of a person. You will need to apply for an EIN by filing Form SS-4 with the IRS and requesting to have one assigned to your single-member LLC. After receiving your EIN for your LLC and a business checking account, you can set up an account with this information and use your business checking account as the source of funds to buy GME shares through Computershare (and change to book entry)! + +Keep in mind that if/when you sell these shares additional rules apply, such as the requirement that the funds go back into the LLC and not be distributed to yourself. You still have to go back out the same way you came in, through your IRA account, you can't pay yourself directly from the LLC or anything like that. As always, make sure to consult with professionals before doing this yourself. + +Upon digging through some of RC's [earlier SEC filings from 2020](https://www.sec.gov/Archives/edgar/data/0001822844/000101359420000670/rc13d-082820.htm), I noticed something that confused me at first but started making a bit more sense when thinking of this type of account structure. The things that stick out to me are that it is a joint filing that includes both RC and RC Ventures LLC. The second is the source of funds for each filing party. RC's source of funds is PF (Personal Funds) and RC Ventures LLC's source of funds is WC (Working Capital). To me, this sounds like something that could be the result of RC using personal funds to invest in RC Ventures LLC, and RC Ventures LLC using the funds it received from that investment (which would now be considered Working Capital) to invest in GameStop. If my understanding is correct, this means that both parties are listed on this joint filing because both are considered to have beneficial ownership of the shares. RC Ventures LLC holds the shares primarily, and RC holds the shares indirectly through his ownership of RC Ventures LLC. At this time I can't prove that RC actually holds his shares in a Self-Directed IRA LLC specifically, but it appears to be the same method either way. The only difference would be the source of personal funds. RC could have invested in his LLC through any other form of investing and not necessarily used a Self-Directed IRA to do so and the filings should appear the same (again, to the best of my current understanding). + +For the fun tinfoil mentioned earlier, and speaking of [Ein (which happens to also be the name of a Pembroke Welsh Corgi from Cowboy Bebop)](https://imgur.com/a/QnTuYJv) and the defendants from the case above [residing in Florida](https://www.irafinancialgroup.com/IRAFinancialGroupSwansonCase.pdf), didn't RC tweet something containing both of those things? + +&#x200B; + +https://preview.redd.it/uamzxdvjyd781.png?width=589&format=png&auto=webp&s=f9008d591710e7f970e0189c1ade3c52ab3d0b0e + +&#x200B; + +https://preview.redd.it/vlu48w71zd781.jpg?width=640&format=pjpg&auto=webp&s=75aba3188712dc7121fc74b27a9687f5bf631161 + +Yes, he did. + +Here's a couple links to find companies that offer Self-Directed IRA accounts. Make sure you find one with "checkbook control" and compare/contrast each provider! I have not had time to do research into each individual provider at this point. + +[https://www.investopedia.com/best-self-directed-ira-companies-5086593](https://www.investopedia.com/best-self-directed-ira-companies-5086593) + +[https://www.myrealestateira.com/](https://www.myrealestateira.com/) + +[https://www.broadfinancial.com/](https://www.broadfinancial.com/) + +[https://iracheckbook.com/](https://iracheckbook.com/) + +[https://www.iraclub.org/](https://www.iraclub.org/) + +[https://www.irafinancialgroup.com/](https://www.irafinancialgroup.com/) + +[https://irallc123.com/](https://irallc123.com/) + +[https://www.sensefinancial.com/](https://www.sensefinancial.com/) + +[https://udirectira.com/](https://udirectira.com/) + +[http://selfdirectedira.nuwireinvestor.com/list-of-self-directed-ira-llc-facilitators/](http://selfdirectedira.nuwireinvestor.com/list-of-self-directed-ira-llc-facilitators/) (Not secured link, though I copied the above individual company links from this website.) + +**Full disclosure: while I would love to try this myself first and be the guinea pig, I do not have an IRA account or any excess funds at the moment so unfortunately I am unable to.** Though I would rather admit that and potentially embarrass myself by doing so than give people the idea that I have done this myself and can personally attest to it. My intent is to share the information I have found and my interpretation of it, not mislead anyone or make any guarantees as to truthfulness or accuracy. And as always, ***PLEASE DO YOUR OWN RESEARCH*** before making any decision based off of information posted here. Again, please do *your own* research to verify everything posted here and consult with professionals before making *your own* decision. +Some good news in the FT (https://www.ft.com/content/f7733e07-aa3e-49ad-a077-5b908e61bccd). + +UK net consumer credit fell by a record £7.4bn in April while monthly mortgage approvals hit a new low as the pandemic lockdown curtailed spending, according to data from the Bank of England. + +The 15,800 mortgage approvals for house purchases in April was about 80 per cent down from February and the lowest level since the BoE began this data series in 1993.  + +“Stronger household balance sheets should mean that consumers are in a good position to start spending again once the lockdowns are lifted,” said Thomas Pugh, UK economist at Capital Economics. However, he added that the pent-up demand was not likely to be released for a while because households remain cautious, limiting the pace of recovery in the short term. + +In contrast to the spending data, households’ deposits increased strongly in April, by £16.2bn, well above the £5bn per month average rise in the previous six months. + +"The lockdown appears to be causing a sharp — partly involuntary — rise in household saving,” said Chris Hare, senior economist at HSBC. + +“There is a decent chance that some of this effect can unwind as the lockdown continues to ease — but lingering economic uncertainty might make this process, which will be a crucial part of the recovery from COVID-19, a slow one.” + +Household budgets have been “turned on their heads” since lockdown was introduced in March 2020, Alistair McQueen, head of savings and retirement at the insurance company Aviva, said. “Many will be pulling back from spending in anticipation of an approaching economic downturn,” he added. + +At the same time, private sector businesses struggling with reduced demand and activity raised £16.3bn from banks and financial markets in April as they needed cash to pay for ongoing expenses. + +This was down from £31.6bn in March, possibly signalling that companies had already borrowed the bulk of what they needed. However, it is well above the £4.9bn monthly average for the previous six months. + +Economists attributed the strong level of business liquidity to the prompt policy response. + +“April’s money and credit figures show that the Treasury’s and the BoE’s policy response to Covid-19 quickly funnelled cash to struggling businesses,” said Samuel Tombs, chief UK economist at Pantheon Macroeconomics. “The wall of cash should limit near-term corporate insolvencies.” + +The extra secured business liquidity during the pandemic is in contrast with the recession in 2009, when businesses’ cash holdings declined from the start of the downturn. + +Overall, sterling money holdings by companies and households rose by £37.3bn in April, the second-biggest increase on record after the £67.3bn in March. + +Separate data published by the Treasury on Tuesday showed that lenders have approved over £31.3bn in debt to more than 745,000 businesses through government-backed schemes. This includes £21.3bn through the bounce back loan scheme and £8.9bn from the business interruption loan scheme. + +Also on Tuesday, Nationwide revealed that the average UK house price fell by 1.7 per cent in May, down from a 0.9 per cent rise in the April and the largest monthly drop since February 2009. + +With high uncertainty and some buyers on hold, economists expect the house price slum to continue. +Edited with more current information + +**\*\*Update 2: A lot of this post is now irrelevent since brokers have figured out how to do the DRS transfer. It is still good for a worse case scenario or if your broker can't seem to figure it out so I am leaving it up. But I so happy that it is getting easier.\*\*🤗** (Also, this last edit deleted 1/2 my post so I'll try to copy and paste it back together but if it looks different that is why 🤦‍♀️) + +**Update: Easier methods for Fidelity and TDA can be found** [**here!**](https://www.reddit.com/r/Superstonk/comments/p0lmzw/how_to_direct_register_shares_for_infinite/?utm_source=share&utm_medium=web2x&context=3) **The Fidelity Form itself has an error. Double check all of your numbers, it leaves off the last one! You can copy and paste the numbers in to get all of them to attach to the form** + +Old Lady Ape here, + +I did it! After hours on the phone with my broker and countless live chat sessions with the computershare customer service, internet searches, and a meeting with my bank; I was able to get my paperwork completed, sent off and confirmation from my broker that the shares were transferred and are now registered in my name! (Just waiting on the paperwork from Computershare to come in the snail mail) + +**FUD patrol**: I am not suggesting that anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** Also, I have slowly provided this information in an attempt to thwart off the idea that there is any urgency to register shares. There isn't! **This is not urgent!** Take your time and think it through. If anything, registering shares should be considered a nuclear option. Can you win a war without nukes? Yes! Would it be nice to know that you have a nuke in your back pocket if you needed it? 🤷‍♀️ When I say war of course I only mean the personal war that each individual fights against their own personal shares being ultimately delivered. + +So I am now ready to present to you, my magnum opus, A step by step method for Direct Registering shares for Apes! + +Background info: + +Why? [https://www.reddit.com/r/Superstonk/comments/o6o2ok/could\_direct\_registering\_shares\_create\_a\_nuclear/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o6o2ok/could_direct_registering_shares_create_a_nuclear/?utm_source=share&utm_medium=web2x&context=3) + +What? + +[https://www.reddit.com/r/Superstonk/comments/o76au8/direct\_registering\_shares\_what\_it\_is/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) + +Buying or Transferring? + +[https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary\_information\_for\_direct\_registering/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary_information_for_direct_registering/?utm_source=share&utm_medium=web2x&context=3) + +Let's see if the Reddit gods let me get away with those links + +\*\***TL;D want to read: Direct Registering shares protects them from shenanigans; pros are shares removed from DTC and in ape's own name, cons** **~~unable~~** **\[less control\] to sell quickly in a MOASS situation; buying shares is a little easier but not guaranteed best price, fees; transferring shares** **~~is a pain in the patutsi but~~** **registers shares you already own, fees.**\*\* + +If you have made an \***\*independant individual\*\* decision** to register your shares: + +I am going to go through 2 methods of transferring shares (Try 1st one first, then, if your broker is refusing, try the second) and then a note for international apes. Buying is pretty straight forward, I believe, but I haven't tried it because the price of GME is too volatile for poor price execution (at least for me.) Also, this does not apply to transfer of fractional shares (you can not transfer those) or shares in an IRA, 401K or retirement fund, sorry. + +**\*\*Edit: Many brokers are not requiring the Medallion Signature Guarantee for a transfer of less than $10,000, so you may not need this beginning portion or Phase 2**. I am leaving it in to help those who will still need it. + +**\*\*Method 1\*\*** (try this 1st: if you want to of course, don't let me tell you what to do!)\* + +1. Search for a bank or credit union in your area that will give you a **\*\*Medallion Signature Guarantee.\*\*** Start with your bank, or a bank that you have some sort of connection to. Many places will not do this unless you are a member. Try this website if you don't know where else to look \[[http://www.msglookup.com/index.html\](http://www.msglookup.com/index.html)\\n](http://www.msglookup.com/index.html](http://www.msglookup.com/index.html)\n) \* + +If you find a place that will give you this guarantee, find out what documents you will need to prove the ownership of your stocks. (call them if you need clarification)\\n + +* \* Balance letter? +* \* Trade receipts? +* \* Broker statement? +* \* ?\\n +* \* Will they guarantee a typed letter? (necessary for method 2) +* \* What about fees? (25-100 per $100,000 guaranteed is typical) +* \* Set an appointment (if necessary) (both methods require this guarantee, may not be needed for international apes! see note below) + +&#x200B; + +2.**Call your broker's \*\*trading office\***\* ask if your broker will allow \*\***Direct registration of stock in your name**\*\*, while still acting as your broker to arrange trades? + +(what did they say? If they do say yes, let us know! and cancel your Medallion signature appointment) + +They said no? I thought so, Ask about transfer fees + +\* Now request a "**DTC W/T transmission to computershare, the transfer agent of GME**\\". If the broker is unfamiliar with this process, tell them that since computershare is a transfer agent and not a broker, it cannot initiate a transfer. The broker will need to "contact (the broker's) back office for assistance or (the broker's) representative at DTC." (you are going to have to tell them this) + +Long pause + +The trade office will probably have never done this before. That's ok, be gentle but firm with them. They may ask you questions. It is against SEC rules for computershare to initiate this transfer, no matter how much that is the normal way of doing business. + +Do they come up with a solution for you? Does it require the ACATs number of Computershare? If yes, that is not going to work, computershare is a transfer agent and does not use the ACATs system. Repeat the part about contacting their back office or their rep at the DTC. + +Solution now? Maybe they have a form for you to fill out, perhaps the \*\***Transfer shares as a gift form (not for retirement funds)**\*\* If they have a form confirm the inclusion of the following things (read over every box of the form with the broker! and make sure you know \*\*exactly\*\* what it means!) + +The form or any solution **\*\*should include the following information:\*\*** + +\* Your Brokerage account number + +\* The complete name of Transfer Agent (or recieving firm): Computershare Investor Services + +\* your Tax ID number (TIN/SSN): (this had to be added to my form, in the presence of the Signature guaranteer) + +\* Exact Registration with complete name and address: (on computershare account, if you have one; or your broker's account) (address had to be added to my form in the presence of the guaranteer) + +\* FYI: Computershare will make you an account upon reciept of unique name, tin/ssn, and address after transfer of shares + +\* Exact number of shares to be transfered: (whole shares only!) + +\* The full Cusip number of Gamestop Corp: 36467W109 + +\* Medallion signature guarantee (like a notary but for finance, more about that later) + +\* Other info that \*\*may\*\* be included on the form + +\* The DTC number of Computershare: 7807\\n \* full address of Computershare: PO BOX 505000, Louisville, KY 40233-5000\\n \* (OR overnight courier address (Fed Ex/UPS/DHL,etc.): Computershare, 462 South 4th Street, Suite 1600, Louisville, KY, 40202)\\n \* type of registration: Individual, Joint Tenant, ETC... (your broker account is already registered like this what is it?) + +\* lot acquisiton date and lot acquisition cost. (just means the date you bought (trade) those specific shares and the cost, found on your trade reciepts) + +\* Where will you send this form? + +\* Did that work?! If so congratulations, you can \*\***move onto phase 2**\*\* + +If not, don't hang up!, + +**\*\*Method 2\*\*** Request to have computershare submit your transfer request to the DTC\* You will need to ask your broker: + +* \* Broker's full name and address for sending paper transfers: +* \* Broker's DTC number: (it is 4 digits) +* \* If you were following along, you will have already gathered +* \* Your brokerage account number, Your exact registration complete name and full address +* \* Computershare's full name and address, What type of registration do you want: Individual, Joint Tenant, ETC... +* \* any other instructions (How many of your shares do you want to transfer, any ones in particular) + +**\*\*Phase 2\*\*** \*\***for both methods**\*\*! Don't hang up. + +\* You will need to get those documents required for the Medallion signature guarantee. What were they? Make sure you get them or know how to get them while still on the phone. + +\* balance sheet? + +\* trade receipts? (this form also allows you to verify GME cusip number, and share lots)\\n \* statement of ownership? (most recent monthly statement with those shares included) + +\* ? + +3. Final Countdown + +**\*\*Method 1, final steps\*\***: Verify that the information you are including on your forms is all that is required for computershare to accept the transfer. Do this by going to their website and live chatting with them, get an emailed copy of your conversation (click the + on the chat bar and ask that the conversation be emailed to you, print it out) + +fill out those forms your broker gave you, if you needed to add information to the forms per computershare, wait to do that in front of the guarantee agent, or bring 2 copies of the forms, one with the added info and one without. + +Do not sign the form until you are in front of the guarantee agent. Bring all your documents to your medallion signature guarantee appointment and the print out of the verification from computershare. + +If they were unsure what you would need, bring the documents suggested above at least. + +Make copies! Mail it off! (overnight if desired) + +**\*\*Method 2, final steps\*\***: Verify that the information you are including in this letter, is all that is required for computershare to forward the transfer request to the DTC, verify where to send this letter. \[you will send this to your broker, not computershare\] Do this by going to their website and live chatting with them, get an emailed copy of your conversation (click the + on the chat bar and ask that the conversation be emailed to you, print it out) + +You must submit a signed \*\*written\*\* request and get this letter \*\*Medallion signature guaranteed\*\*! The place you are getting this guarantee from may have an opinion about how this letter looks. Can you type up this document with them at your appointment? Maybe call again to find out. + +So a letter might look like: + +To whom it may concern, + +>your name (all names if joint account) +> +>your SSN/TIN # (all if joint) +> +>your address +> +>your awesome city, state 000007-0004 + +request a DTC W/T transmission from: + +>Broker name +> +>Attn: TOA +> +>PO Box 00000 +> +>City, state 00000-0000 +> +>DTC number 0000 +> +>account # (at your brokerage) + +for (how many shares?) Gamestop Corp, GME 36467W109 shares (Or do you have shares in particular you want to transfer? specify lot acquisition Date and cost for each number of shares found on your trade receipts) + +to be direct registered (individually or Joint...) in (my, our) name, \[your name, all names if joint\], with: + +>Computershare +> +>PO BOX 505000 +> +>Louisville, KY 40233-5000 +> +>DRS number 7807 + +Sincerely, (or) with Love xoxoxo, + +Get this letter \*\*Medallion signature guaranted\*\* so leave the bottom half of the paper empty for the stamps + +Do not sign the form until you are in front of the guarantee agent. + +Bring all your documents to your medallion signature guarantee appointment. If they were unsure what you would need, bring the documents suggested above at least and your printed copy of what computershare verified for you. Make copies! Mail it off to computershare! (overnight if desired) + +\*\*Whew!\*\* So you can see this will be a pain in the patutsi and time consuming but the relief I felt knowing that my own shares weren't being messed with, was worth it for me. I hope this list helps reduce some of the run around and difficulty for you a little bit. + +\*\*International Apes:\*\* Please call your broker first. Some of them are really easy to direct register shares from (wealthsimple). They are used to communicating with the transfer agent directly and will just do it. Others are pretty impossible and there may be no way of registering your shares in your name. + +**\*\*TLDR: If you want to hold longterm stock in your name, this is how\*\*** + +I just like the stonk! and these... these stonks are mine, for infinity. + +Ape no fight Ape, please be gentle, + +Edit: Here is the computershare website, sorry I forgot to add it before: + +[https://www-us.computershare.com/Investor/#DirectStock/Summary?IssuerId=SCUSGME&PlanId=SPP1&sv=t](https://www-us.computershare.com/Investor/#DirectStock/Summary?IssuerId=SCUSGME&PlanId=SPP1&sv=t) + +\*The first method worked for me and I acquired the knowledge of the other method through many attempts at getting straight answers. I cannot promise they will work for you. It is up to you to verify with your broker, computershare and guaranteer that these will work (my suggestions for verifying is included in the steps above). + +\*\*\*None of this is financial advice.\*\*\* \*I am an old lady that just found out that WTF has a bad word in it! Don't take advice from me! + +\*In a healthy, free and fair market, direct registering shares should not cause any problems. I share this publicly available information without any intention of causing problems. I just like the stock, believe in the company and want to be in full control of my shares.\* + +\***\*\*Please do not comment number of shares that you might want to register.\*\*\* \[But feel free to feed the bot!\]** + +\*(I am scared of direct messages so if I ignore yours, sorry. I might find a public comment of yours to answer your question in though if you don't have enough karma)\* +The last 4 years have seen insane gains to the stock market at rates averaging 17% a year prior to the crash. In the past market returns have been 7% and institutional investors who are able to return 10% or more a year are considered legendary. While these numbers certainly suggest a lot of investor faith in a Trump lead economy, the GDP increase has been tracking up at much closer to that standard 7%. + +&nbsp; + +[Here is a graph depicting just how crazy the market has gotten in the last half decade](https://i.imgur.com/MHKWinF.png) + +&nbsp; + +We've been due for a massive market correction for a while now, we just needed a recession to trigger it. The market is still trading above it's GDP equivalent and that is not factoring in the massive drop we are expecting from the recession, [which the IMF says could be bigger than 08'](https://www.ccn.com/dow-recoils-as-imf-warns-recession-could-eclipse-2008-crash/). There are very few recessions that have market downturns of less than 3 months, don't fall for the bull trap being set. The market in the last decade has absolutely destroyed risk parity to the point where bonds are barely worth investing in. I'd personally stay away from the market until it recorrects. The feds money printer is just going to lead to stagflation. + +&nbsp; + +I welcome civil discourse for anyone who disagrees with me. +When the markets pump, even a little, there's lots of talk about exotic cars, being set for life etc. I don't want anyone discouraged in anyway about Crypto, it can be a way for people to change their lives in some capacity. However it's important to be realistic with the end result. It's fun to joke about when we all get Lambos the hardest chart to decide on will be the color catalog. + +The not-so fun truth is that a vast majority of us will not be *rich*. I heard a few numbers but it seems the average person on here has $400-$600 invested. If you become exceptionally ~~successful~~ *lucky*, and your portfolio hits 100x, that 60k will not buy financial independence. However depending on where you are in world that money could help greatly, for me it would be a fairly decent down payment on a house, but that's it. + +For those who don't know, a good way to get an idea of max price, it's to fully understand 'market capitalization' (price of coin x total supply of coin). This is why your fractions of a penny coin that "just needs to hit a dollar" will not do so since it would be 80x Bitcoin's current market cap. + +Don't set yourself up for disappointment, however we can make some money and change things up in our lives. + +Best of luck. +I’m sure we’ve all heard of the glory days where 1 parent would work 1 job and the other be a stay at home parent, and they would have enough money to feed a house of 2.5 kids and 2 dogs and all that good stuff… + +What is preventing wages in Australia from returning to such levels that a lifestyle reminiscent of the 1950-70’s, or cost of living to decrease if wages remained in the similar level they are at now? +Here is a prime example + +[https://barefootinvestor.com/why-ive-been-buying-shares-in-the-share-market-bloodbath/?fbclid=IwAR100NAJXkX5dOnlShKcpM-ZPG8aU594g5XRGO386yAzJE0i0YrebzSZCL4](https://barefootinvestor.com/why-ive-been-buying-shares-in-the-share-market-bloodbath/?fbclid=IwAR100NAJXkX5dOnlShKcpM-ZPG8aU594g5XRGO386yAzJE0i0YrebzSZCL4) + +"A $10,000 investment into Aussie shares in 1990 would be worth $136,000 today ‒ an annual return of 9.1%. + +And that’s why I’ve been taking advantage of the pouty prices, and buying up stocks. " + +But you could equally cherry pick data from Japan for the same period and it would tell us a different story. How can you take a never before seen 30 year bull run in the ASX and claim that you're basing all your investments based on the returns seen from the time we last had a recession to now. Seems stupid to me. Anyone else get annoyed with these posts? +With all the hoopla surrounding GME I’m looking at the big squeeze of VW. There’s a clear climb where the squeeze has begun but a big drop to pre-squeeze levels before skyrocketing. I was not involved in stocks back then, but does anyone know why? + +Was it a big doubling down by shorts to instil fear in the market by slamming through stop losses? Were there other factors at play? Is it something that could possibly happen with GME? + +Here’s the graph + +https://steemitimages.com/1280x0/https://cdn.steemitimages.com/DQmZ4Sn6s2izPgBFS34oP56DUAmPwKTLN39YH6X7mkGL6TC/Screenshot%202019-03-16%20at%2021.50.21.png +Nephew received $2K from family and friends between his baptism and first birthday party. All money has been deposited to a bank with his name and his moms name for safe keeping. What are the next steps to help this grow? Anticipating he would need access to this money between the ages of 16-18 for a car and educational expenses. +Thinking there are things with a gate, but that aren't as appealing at higher net worths. Examples may be something like direct real estate or micro cap stocks where there is a gate to entry, but either not scalable or appealing once you increase in NW. +I'm interested in what this sub has to say on the subject because you guys would actually know. I think I can reliably say 2-3M net worth by 35 as a software engineer is straight forward and repeatable, getting that to 8-10M seems absurdly difficult in this time frame. This is just speaking from my experience as a software engineer who has come from poverty. + +What do you guys think about coming from nothing and getting to that 10M mark in a repeatable low variance way? What paths can you guys come up with that require little to no luck and could be accomplished say over 85% of the time if followed would result in 10M net worth under the age of 40? +CHECK YOUR CREDIT REPORTS! + +I have bad credit. I know I have bad credit. It's all old stuff, about 6-8 years old. I never cared to check my credit report because I didn't care to see all the bad. + +I recently got a credit card, so I knew some of the bad stuff was starting to drop off. Today, I pulled all three reports so that I could see what's still there and whatnot. The first thing I noticed was a weird address. It's in a state I've never even been to. I noted that so I could have it removed, and read on. I then noticed a Verizon account that was opened in 6/2014. I don't have Verizon! No payments were ever made. It was sent to collections in 12/2014 with a balance of $2334. + +I called Verizon, gave my social, and was able to verify that the strange address is the address on that account, and obtained the phone numbers on the account, as well as some other information. Unfortunately they could not give me the email on the account, only that there is one, and it is not the one I gave the lady over the phone today. After speaking with their fraud department, I was told to file a police report for identity theft and email it to them. + +The moral: Check your credit reports! Knowing I had/have bad credit, I never would have thought I'd be a victim of identity theft! + + +**Edit- This seems to be getting quite a bit of attention! Hopefully this will inspire some people to check their reports! I know I'll be taking some of the advice here and will sign up for some sort of monitoring service.** + +To answer some "frequently asked questions:" + +-The account was opened with my SSN, an address in another state that I have zero relation to, and my maiden name. I was married and have since divorced, but haven't changed my name *back* to my maiden name yet, so it hasn't been my legal name for around 8 years or so. + +-I don't know how my SSN and name were obtained. The only thing I can think of is that there was a data breach in South Carolina (where I live) involving tax payers' SSNs a few years back. They did offer free credit monitoring, but I don't think I ever signed up for it because I'm a slacker and didn't really care much about my credit because it was already so bad. + +-I will be heading to the local police department tomorrow to file a police report and will also follow the steps with the FTC to get whatever identify theft documentation they provide. + +-They did not provide the email address on the account because their policy is to not freely give out the information, only to verify whether what you tell them is correct or not. I provided my email, but it was not correct. I understand the policy is to protect people from scammers who have some info trying to fill in blanks, and can appreciate that someone with my social can't get my street address, for example. At the same time, I'd love the info, so their policy sucks! :P + +-I will go through Verizon's motions first and hope for success. If they don't fix it within a reasonable amount of time, I'll probably not get a lawyer (remember, I'm a slacker) and will just keep calling and complaining. + +-I will also dispute this debt with the credit companies. I will also request that the out-of-state address is removed from my credit report. + +Thank you all for your advice and support! If I missed something, feel free to comment; I'm trying to read everything! + + + +I suspect ~~u/criand's original DD~~ (edit: it has been brought to my attention that the CFTC stuff didn't come from u/criand's DD post, my mistake, doesn't change the facts though) is missing some details. + +https://www.sec.gov/news/press-release/2020-323 + +>Title VII of the Dodd-Frank Act established a comprehensive framework for regulating the over-the-counter swaps markets, with authority divided between the SEC and the Commodity Futures Trading Commission (CFTC). The SEC’s role is to regulate and oversee the SBS (security-based swaps) market, while the CFTC oversees other types of swaps (e.g., commodities, currency, interest rates, etc.). + +Looks like GG is aware that regulating SBS swaps is the responsibly of the SEC and has initiated the long overdue creation of relevant rules. + +https://www.reuters.com/business/finance/us-sec-chair-says-agency-write-new-rules-swaps-regulation-2021-07-21/ + +>On swaps, Gensler's remarks inject new life into a long-running project at the SEC to apply stricter oversight to the securities portion of the derivatives market, as directed by the 2010 Dodd-Frank financial reform law. The CFTC has the bulk of responsibility for overseeing derivatives, but the SEC has lagged in its efforts to write required rules for the relatively small portion of the securities-based derivatives market. + +I don't know if this debunks the DD entirely, but it does seem to indicate that the SEC stills deserves the heat on addressing this. +Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs. Please read the rules and guidelines before participating. + +*** +- + +**Rules:** + + - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply here. + - Discussion topics **must** be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread. + - Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed. + - Karma and age requirements are in full effect and may be increased if necessary. + +*** +- + +**Guidelines:** + + - Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects. + - Refer topics such as price, gossip, events, etc to the [Daily Discussion](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A%22Daily+Discussion%22+&restrict_sr=on&sort=new&t=all). + - Please report top-level promotional comments and/or shilling. + +*** +- + +**Resources and Tools:** + + - Read through the [CryptoWikis Library](https://old.reddit.com/r/CryptoWikis/wiki/library) for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the *Critical Discussion* [search listing](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3ACritical-Discussion&restrict_sr=on&sort=new&t=all). + - Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice. + - Click the RES subscribe button below if you would like to be notified when comments are posted. + +*** +- + +**To see prior Skeptics Discussions, [click here](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A%22Daily+Discussion+-+%22+&restrict_sr=on&sort=new&t=all)** +# Intro + +A very common question in the daily discussion thread is whether to accelerate payments toward low-interest debt or invest the money in the market. Mathematically, if the market is *expected* to have a higher after-tax return than the debt, then it's optimal to invest in the market to get the higher returns and then apply those higher returns to repayment of the debt as late as allowable. The volatility of the market means that you have to be willing to take the risk the market may underperform in the relevant time period, making your bet a loss. + +I bonds are currently a risk-free option to delay repayment of low-interest debt. **I bonds purchased in October 2021 and sold in January 2023 will have a guaranteed return of around 5.33%.** + +**** + +# I Bonds Explained + +[Series I savings bonds](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm) are a unique bond offering by the US Treasury. The [Bogleheads wiki](https://www.bogleheads.org/wiki/I_savings_bonds) does an excellent job of walking the new user through the relevant mechanics, but I will summarize the high-yield points below. + +* **I bonds can only be purchased through the Treasury.** The most common way to purchase them is electronically through the Treasury Direct website linked above. +* **I bonds are guaranteed never to lose money.** The will, by design and by law, return the principle amount invested plus an adjustment for inflation such that the minimum real return (before taxes) is 0%. +* **The typical purchase limit for I bonds is $10,000 per person per calendar year.** You can buy $10k in I bonds in Dec and buy another $10k in Jan. +* **You cannot sell I bonds within the first year of purchase**, and if you sell within the first 5 years you forfeit 3 months' worth of interest. +* **I bond interest is composed of a fixed rate and a variable inflation-adjusted rate**, the latter of which is adjusted every 6 months. +* **I bond interest is taxed federally and state- and local-tax exempt.** + +I bond rates are set every six months in May and November, and no matter when you buy you will get 6 months' worth of interest at the prevailing rate at the time of purchase: + +Issue month of your bond | New rates take effect +---|--- +January | January 1 and July 1 +February|February 1 and August 1 +March|March 1 and September 1 +April|April 1 and October 1 +May|May 1 and November 1 +June|June 1 and December 1 +July|July 1 and January 1 +August|August 1 and February 1 +September|September 1 and March 1 +October|October 1 and April 1 +November|November 1 and May 1 +December|December 1 and June 1 + +**** + +# I Bonds as a Risk-Free Hedge + +From the above, I hope it is now plain that if I bonds are offering a nominal after-tax return that's higher than your low-interest debt, you can put up to $10k per year into I bonds, hold them for as long as the return is higher than your debt, and sell them for a profit. If you have the cash to put an extra $10k into your mortgage or student loan at 3% you could instead put that $10k into I bonds for 12-15+ months. **As long as the after-tax return on I bonds exceeds your other debt, you come out ahead with zero risk.** + +**** + +# Buy Now or in November? + +You may have heard that the annualized interest rate on an I bond is currently 3.54%, and will jump up in November to 7.12%. Should you buy now (in October), or wait for November? The key here is to realize that you always get 6 months of whatever the prevailing rate was when you purchased the bond, and you always get the future rate increases just offset. + +If you look at the table above, buying in October means your rates are set and reset in October and April each year. This means that if you buy now, you will get the 3.54% annualized rate from October '21 to April '22. In April '22, you will start getting the 7.12% annualized rate from April '22 to October '22. Starting in October '22, you will get whatever the rate was when it was reset in May '22. + +If you buy in November, you immediately get the November '21 rate of 7.12% (annualized). This lasts until May '22, when you start getting the rate that's set in May '22. If you buy in November or May of any year, you are "on cycle." + +**If you will sell in October 2022** (and thus forfeit 3 months of interest from July-September at the Nov '21 rate of 7.12% annualized), wait until November '21 to purchase because by purchasing in November you will immediately start at the 7.12% annualized rate and the interest you forfeit will be whatever the May '22 rate is, which is almost certainly lower than 7.12% annualized. + +**If you will sell Jan 2023 or later**, it is *likely* better to buy in October '21. You will get the 3.54% rate until April '22, then the 7.12% rate until Oct '22, then whatever the May '22 rate is until April '23. If the May '22 rate is lower than 3.54% annualized, you'll forfeit 3 months of that lower rate and come out ahead. + +**** + +# Other Miscellany + +Remember to factor in federal taxes on your interest. If you get the guaranteed 5.33% interest highlighted in the Intro, remember you will pay federal taxes on this. If your federal marginal tax rate is 22%, you will have an after-tax return of 4.15%. This is still better than any other guaranteed money in 1 year and beats many low-interest loans out there. What I would recommend is that once you see the after-tax I bond rate drop below your debt interest rate, hold it for 3 additional months (i.e. the months you'll forfeit) and then sell. + +You can time the purchase and sale of I bonds to reduce the forfeited interest to 2 months and a few days. When you purchase an I bond, the sale is backdated to the first of the month and you are credited for interest for the entire month. So an I bond purchased on October 31 will give you interest for the entire month of October and act as if it were purchased on October 1. When you sell an I bond, you get no credit for a partial month, so it is in your interest to sell at the beginning of the month. So if you purchase on October 31, 2021 and sell on October 2, 2022, you will have owned the bond for 11 months and 2 days. You will get credited interest for 9 months (forfeiting the last 3 months), losing out on only 2 months and 2 days of interest. +What % of annual income do you spend on luxury items? I’m running at approx 2% on cars (leases), 2% on wine/whiskey, 2% on jewelry and watches, and another 1% on luxury goods/fashion. Probably a bit aggressive aside from the cars but curious as to what everyone else indulges on. +Personally, I don’t understand how people can spend thousands at Saks or Bloomingdales. I honestly buy most of my clothes off Amazon or at Costco. Those polyester polo shirts from Amazon are my favorite. Contradicting to this I will buy designer jeans as I think they are more comfortable than cheaper brands. But I can’t tell the difference between a high end polo and an Amazon polo besides the logo. I have some higher end polos and long sleeves to wear when appropriate but I don’t really wear them often. I’m just wondering if there are other people who think spending money on some things is not justified? +This run up the past few weeks has been awesome, but a good amount of it could be attributed to the hype for the annual meeting. Remember, they announced it was only going to be 15 minutes long, so there likely isn't anything significant to be announced. + +There's a phase in investing: "buy the rumor and sell the news". We could see paper hands drop out after the meeting if nothing groundbreaking is announced, which at this point seems unlikely. You'll need to be mentally ok with a drop. If it dips below $200 again, be ready to buy the dip and hodl again. +Current job: + +- 86.7K base salary + +- ~2.5K quarterly bonus (haven't received one since EOY 2019 due to company performance) + +- Lump sum equivalent to 20% of yearly income contributed towards retirement (profit sharing) + +- No out-of-pocket for PPO health insurance + + + +New Job offer: + +- 95K base salary + +- 7% annual bonus (taxed, of course but probably more consistent compared to my current company) + +- 10K signing bonus that has to be paid back if I leave within 2 years + +- Retirement + * Up to 8% 401K match + * 6% money purchase retirement plan (6% of yearly income contributed by employer) + +- Equity tier (20% of base salary) + * 100% Cash-Based Restricted Stock Units + * taxed and 1/3rd of the RSUs is vested every year for 3 years + +- Out-of-pocket expenses (compared to current job): + + * 401K - $7,600 if I want to get 8% matched + + * Health insurance - $55/month for HDHP plan or $134 for regular plan + + * HSA - $2,900/year. I'm hoping this is optional but may not be if I pick the HD insurance plan. + +———————————— + +With all the OOP expenses, the salary base ends up being $83,840 with worse insurance (high deductible plan) compared to $86,700 I earn now with better health insurance. Luckily, I don’t have any medical expenses… so far. + +One positive of this new role is that I get to WFH Mondays and Fridays (1/2 days). The commute time on Tuesday-Thursday ends being a wash (about 40 min round trip). + +I also get to learn new skills but it’s a role with a salary that caps out pretty quickly. Even the recruiter said this type of role doesn’t really pay high. That was kinda depressing to hear. My hope is that the role would lead to better opportunities in the long run. If I stay at my current role, I may be doing the same stuff forever. + +One catch is that if I leave my current job before EOY, I don’t qualify for this year’s retirement contribution and if I start the new job in 2023, I don’t qualify for the equity/RSU plan. Both have a value between 17-19K. That 10K signing bonus helps offset some of the money I would give up if I were to leave my current role but I have to keep in mind that it’s taxed and has to be paid back if I leave this new role within two years. + +———————————————- + +Questions for my fellow redittors: + +- financially, does it make sense to take this new job? + +- would you rather give up this year’s retirement contribution or not qualify for the new job’s equity/RSU benefit for the first year? + +- is it best to stay put and keep looking for better offers? + +————————————————- + +Thank you for reading! I’m really hoping I can get some opinions/views on this in order to make a financially sound decision. + +————————————- + +Edit #1: + +all, I realize that 401K isn’t an expense. I was thinking about it that way because it means more money coming out of my monthly take home. Currently, I don’t have to worry about 401K because my employer contributes an amount equivalent to 20% of my yearly income towards my retirement. + +Insurance, however, would be an expense. + +—————————————- + +Edit #2: + +I was told today that this is a non-exempt role. This means it’s a role that’s elegible for overtime and it means my 10 years of experience wouldn’t count towards the 10 years required for a 4th week of vacation. Currently, I would get 3 weeks and a week of floating holidays. So it’s basically 4 weeks which is what I would have at my current company starting next year. + +Thoughts on this? +Oh, but what about the children? + +The choice is yours kids. You can spend your life, money, and resources propping up a leaning tower of babble that is doomed to failure, or you can create new distributed economic systems that replace the antiquated architecture. + +These new systems may become disruptive to the baby boomer's retirement program. They will bitch and moan; they will cry foul. They will cry terrorist. They will once again wrap themselves in the tattered flag and call for patriotism. Just remember, it's all bullshit. Don't enslave yourself to their horrible business decisions. The national debt in the US is a monster. You were born, on average, about $40,000 in debt. WTF!-the same idiots that preach self reliance, pulling yourself up by your bootstraps, and economic responsibility simultaneously burden you with enormous life crushing toxic debt. +Don't play their game kids. Make your own game. Your own rules. Don't be saddled by their failure. + +*U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.* + +*Many U.S. airlines are cancelling between 60% and 80% of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, Elizabeth Warren and Richard Blumenthal said in a statement.* + +Read full article here: [https://finance.yahoo.com/news/u-airlines-sitting-10-billion-140848034.html](https://finance.yahoo.com/news/u-airlines-sitting-10-billion-140848034.html) + +The question is if these lawmakers/senators would force the airlines to refund the passengers or would they sleep with the airlines? + +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing ProTips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes which don't belong here, feel free to [start a new discussion](http://www.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers will still be removed in accordance with our [Subreddit Rules](http://www.reddit.com/r/personalfinance/wiki/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). + +I find it hard to meet people that are similar in my situation. Anybody in San Diego know of a social club or group where to meet early retirees to hang out and meet people? Most social clubs I go to people always try and sell me a house or their products lol....I don't blame them but I'm just looking at the more social aspect of being fatFired. +My wife and I are extremely fortunate to be internationally-connected to friends and family on different continents. We were recently informed that upon my in-laws' passing, we'll be inheriting a series of properties in Egypt and Brazil (in addition to a few properties in the US). The question is this: would it be worth trying to hang on those properties if we have no one to directly check in on the properties when we're not around (which is likely the case given that we won't have the ability or desire to fly frequently across the world? The idea of a "vacation" house in another country is thrilling but the reality of it all seems daunting +I started investing in 2020. And just realized During that euphoria of everything going up I didnt learn anything. And got into bad habits. It wasnt until stocks went down that I realized I made some mistakes. + +My three biggest lessons were valuations matter. Stocks shooting up 10-20% in a day because (insert investor) bought isnt normal. And that I should invest in index funds. +I've been teaching a personal finance class to high schoolers on the side for a little while now. They're all there voluntarily, so it's a good group of kids and their interested and motivated. It's been going well overall, but I'm looking at redesigning it a bit, and so I was curious... + +What are things you had to learn the hard way that you wish someone had taught you before you were an adult? +I'm in sales myself, so I appreciate that its their job to make the sale. However, its no state secret that agents benefit sellers, not buyers. As a buyer, my experiences thus far have been frustrating to say the least - and on a couple of occasions I've had agents straight up lie to me about a property's interest level/value. + +Does anyone have any tips of dealing with this aspect of home buying? +What are some large hidden costs that shocked you, when you purchased a home, that you did not budget for or even foresee, but stung you quite hard financially? +i.e plumbing, garage door, foundation issues, other misc issues +Sorry for being a bit vague about my financial situation but I am really bad at this type of math. I have about $10k in credit card debt but my credit is very good and I have about $50k in credit at my disposal if I needed it (which I hopefully won’t). I know it is good to have an emergency fund in savings, but would it be better to put off putting cash in a savings account until I pay that down? I also have a voluntary pre-tax retirement retirement plan through work. Should I also skip or lower those payments until the credit card debt is paid? + +Right now I take home about $3000/month and expenses are about $1600. I put $200 in the retirement plan that’s not included in take home pay. +I recently had an experience with a counselor who, when I told him about a Canadian couple who had FIRE'd, responded with, "why is this interesting?" + +I've talked to this person before about money and investing, and he always treated it like wanting to make money or even thinking about it at all is primitive. +Looking to get a new truck (that I can fully afford) that I’ll be making the payments on solely. My mom has bad credit (low 600s) due to her divorce and the failure of the family business. In order to try to improve her credit I thought I could get her as a co-sign on my car loan. Will this work? Will this hurt my credit somehow? + +Edit: Thank you all for your help. This has made me make a few decisions. One is my new truck can wait until after the divorce. The second is I need to add my mom to my cards as an AU. Third I’m going to add a $5 limit to those cards if my bank will let me. Fourth I need to look into bankruptcy if this debt sticks after the divorce. This discussion with you all has been pretty eye-opening +I’m currently working as a Software Development intern for a startup. My boss (CTO) said that if I dropped out of school next semester, they could offer me a full time job making 80k salary + equity (I make $20/hr currently with about 20 hours a week). I would still keep my current job if I didn’t drop out and go full time. + +I’m currently a junior in school, and have scholarships to bring tuition down to a little bit under what in-state tuition would be (I pay out of state). I could potentially differ my scholarships, though I’m not sure how worth it that would be (or if I could even do it). + +Does anyone have any experience doing this? Did you have issues getting a job or getting more compensation because you didn’t have a full degree? Any help or thoughts would be greatly appreciated! + +Edit 1: A lot of people have suggested going to school for 1 or 2 classes, and just take the job. I would do it, except my scholarships (20k a year) require me to be full-time, so I would end up paying a lot more for just the 1 or 2 classes than I would be paying as a full-time student. My tuition is 25k a year before my scholarships, just for reference. + +Edit 2: I think I’m going to stay in school (like a lot of people have suggested). I want to have more options than this, I’m not sure I could get myself to go back to school, and I’m not sure I want to take the risk that I’m out of a job and my scholarships in 3 months if the company goes under. +So I've been in Crypto for about 2 months now. Not long I know, but I've held the whole time. Bitcoin goes down to 14k? No worried Bitcoin goes to 10k? Sure why not... Bitcoin goes to 7.5k. Okay whats happening + +I personally would find it hard to believe that there's many people out there who aren't even a little worried. This is the worst crash we've been in years. + +And before you say it, yes I have invested what I can afford to lose. It doesn't mean I WANT to lose it +Hi Personal finance, + +I'm hoping I'm posting this in the right place, if not please feel free to direct me to the right place. + +I checked my bank acct today, and saw my bank took $900 out of my checking account. I called them, after being transferred about 10 times, they finally told me the people I need to talk to only work on the weekdays. I have $300 left in checkings, and nothing in my savings. I just moved into a new apartment, and my rent is due today. It isn't an auto-pay for my rent, because that is only $500/month. There is NOTHING that I could have spent $900 on in the last 24 hours. Has anyone had this issue before? Does anyone have any advice on what I should do? + +Thank you!! + + +EDIT: I meant weekdays, not weekends. I'm sorry for the confusion! I was typing in a rush. + + +UPDATE: they said it was a bad check from my work.... I've worked there well over a year & have never once had any issues with my checks. I took it to my HR department yesterday & they told me they would get back to me today about why the check was bad. +Elizabeth Warren thinks the books of Wall Street banks aren't legit or are too risky which she posits to be the cause of those banks to trade below their book value. How would you agree or disagree why Wall Street banks trade below their book value? +I am a noob. I've messed around before, but I finally started putting real money in stocks last November. + +Since then I have bought stocks, panic sold, and watched them go to the moon without me. I've jumped on memes and been burned. I even held weed stocks too long and got out green, but half as green as I could have. + +Today, HIPH hit +100% of my investment in 5k shares. I just sold half my shares, insuring that I make my money back. Everything is gravy past this. + +I got the HIPH tip from this sub. Got advice from other investors here. Learned a lot (like selling at 100%). Of everything I've read, watched, and heard, I've learned the most from you guys. + +I may not have made a lot of money selling 2500 shares of a penny stock, but I did it RIGHT. And I feel confident that I can repeat this to success with other future positions. + +So thank you for all your advice! I will be spending a lot of time here to keep learning! +I have been a long time coinbase customer, buying 1-3 times per month, I got an e-mail today saying they are banning me from using their services because of a ToS violation. I e-mailed them back to ask what the violations was and they told me that they have evidence that I used some of the BTC I bought for cannabis/cannabis seeds. They gave me a specific BTC transaction and said it was for drugs and wouldn't listen to anything I had to say. + +This should be rather alarming, first of all, they are monitoring how you use and spend BTC which kind of defeats the entire purpose of BTC. Secondly, I never ever once even thought about buying drugs, let alone online, so that's pretty messed up. + +Proof: http://imgur.com/a/WMw1A +Hello! + +I have recently got a bit of good luck and after applying to around 20 apprenticeships in the span of two months have received an offer two week ago to work for an accountancy firm (Mazars) in order to study towards the ACA qualification on a 4 year contract. + +I believe the pay is around £20,000 or somewhere around there, and based in London + +On the other hand, I currently hold a reduced offer from Bristol (A\*AA -> AAB) for Economics. I am quite good (already attempted to learn most 1st year econ) at Econ and it interests me, however I did not get into the more prestigious (LSE, Cambridge, St Andrews level) unis for Econ. I am very likely meet this offer even with the current grading system + +My understanding is taking the ACA would restrict me in working elsewhere, as even if I did management courses (Agile, Scrum), Data Science courses and Software Engineering/ programming projects in my own time, many jobs just require a relevant degree from uni, and/or relevant industry experience + +On the other hand, I am quite good at networking and am quite driven and good with numbers, and could likely earn a fair bit of money if I get into accountancy early, get qualified early and work hard (perhaps pursue a promotion, switch jobs regularly to maintain a competitive salary) + +I am still waiting to hear back from other apprenticeships, but was wondering what the opinion of people here is for this specific situation and why (any pro's / con's of either I am missing? Is my analysis of something inaccurate?) + +I do not know how relevant this is but I would also like to at least be able to retire early, and having +£80,000 in 4 years time is probably better for this than -£30,000 at least, -\~£60,000 at most, esp. as my salary would mean I would pay back all of it, hopefully at least +I know this will reek of FUD, and I'll admit I'm uncertain. FFS were seeing the first frost of financial winter, with events surrounding Evergrande. However, I'm jacked as shit about my hedge against that. I simply wanted to temper expectations for those whose hands are still forming diamonds, in case there is yet another play done to prolong the MOASS. + +I won't go into detail on Evergrande's systemic vulnerability, as much has been covered on that by several others. Anyone can find that in the hype posts topping the sub. But I will say, debts owned by China will be called upon, and the world financial market will begin to suffer, thus causing strain on maintaining the infamous SLDs that keep Marge from calling. Moving on. + +I was reading from u/animasoul explaining the crazy negative beta with GME, and I came across an explanation that had not been mentioned before in other discussions. Will hedgies be fuk if they hedge their risk in long positions by shorting the market, vis a vis avoid losses and maintain their SLDs? Here's the link to explain. Worth the read. + +https://www.reddit.com/r/GME/comments/mcwu5m/mystery_of_the_negative_beta_solved_hfs_are/?utm_medium=android_app&utm_source=share + +In case you didn't look at it, securities have a beta ascribed to them that dictates their sensitivity to market changes. A security you plan to buy has a positive or negative beta. Positive good, negative bad. Whatever number is given to it, the short beta will be the opposite. Ex: GME had a beta of **-8** (wild number by that way as far as securities go), and it's short beta was **+8**. Because short positions in nature are a riskier play, they normally get a negative beta (the market is supposed to naturally improve, so longs should generally be more positive than negative). + +Thesis: Most folks know that if a person is long in the market, and the market fails, their longs fail. The general wisdom is that HFs and MMs are going to lose on their positions in the market. What if I told you they can ***hedge risk*** by shorting their portfolios too? Apparently this is a maneuver they use all the time, and if the naked short printer go brrr, and hiding synthetic shorts is easy for them, I'm willing to bet those ETFs, ETPs, and individual securities are getting fuckered. + +I could be wrong. Please correct me if I am, because I hope I am. I'm just a dumb chimp with a nine month reddit degree in crayon eating. Maybe the SHFs and MMs simply can't achieve that even as a team of bastards running the play. However, I've learned that smart cunning bastards can make money (or stay afloat) in times of derth. In light of events dealing with Evergrande right now, I wonder if the big players have seen this coming, and prepared. +Love you guys. 🦍🦍🦍💪 + +**tadr**; Be ready for the crash to cause a drop in our favorite stock's price. Hedgies can short their own portfolios to hedge against risk. Can they do this enough to avoid the MOASS? Time will tell. For now, HODL. + +Edit: added a piece to give better flow, and clarify some spots. + +**Update** u/Ozziol makes a great point to counter my idea. I'll keep this post for visibility as being the smooth brain who wanted clarity for a possible problem. I know I'm not the only one who wondered this. These discussions help in our cause to diamond hand during the dips and nothing burgers. +https://www.bloomberg.com/news/articles/2021-01-02/tesla-delivers-499-550-electric-cars-in-2020-just-shy-of-target?srnd=premium + +As the title and the article says - Tesla delivered ~180k cars in q4 and were just shy of 500k delivered cars for 2020. + +Without exerting my bias, I'm wondering how you guys are interpreting this? +The metric of illiquid supply defines how much of the bitcoin supply has not moved over a certain period because of that its often labeled as the ultimate “HODL metric“ by on-chain analyst. But before get a look on it here is a warning that on-chain analysis of crypto is a very big Experiment and even some analysts themselves are not sure what kind of influence on-chain metrics have on the crypto price action as most metrics are more long-term orientated. So it would not be wise to base your financial decisions off solely such metrics, but now lets dive in: + +The illiquid supply is based off the amount of bitcoin that has not been moved out of a wallet and that over a certain time period and in relation to the total supply. The most famous one is the one-year illiquid supple that has just again made a new ATH as it has recently been sky-rocketing this year, which is weird as the price did the complete opposite… + +Here a picture of the illiquid supply in relation to the BTC price. + +&#x200B; + +[Illiquid Supply by Glassnode Studios \(daily time-frame\)](https://preview.redd.it/k0kugehw1lv91.png?width=1800&format=png&auto=webp&s=1f9cdb96275d2945a226288c55cbd882817c806a) + +So we can clearly see a pattern that the illiquid supply falls during bull runs as many holders start to take profits and it rises during bear markets as many start to hodl for the long-term. The interesting thing here is that the rise of the illiquid supply usually happens just before the last leg down of the bear markets as in 2018 but now it was different… We saw a rise of the illiquid supply last year in December (the BTC price was $49k) when arguably many were sure we are still in a bull market. + +To sum up, while this metric may not be the best to predict any short-term prices (as most indicators, even TA, are not). Though this metric is good to view the change of sentiment between “profit-taking in a bull run“ and “conviction in a bear market“, to some extent. +Hi all - apologies if this is the wrong sub, + +My dad has fallen for a scam called brexit millionaire after clicking a ridiculous advert with Holly Willoughby he saw on some website. He has paid them £250 and he keeps being bombarded with phone calls and asked for more money. After the first phone call he told them to do one and hasn’t given them any more money. + +I’m not entirely sure of the details as all I can see about it online appear to be further scammy sites to get out of the scam. + +He has memory and hearing loss so he’s not entirely sure what information he has given these people. He paid with his debit card and he’s rung the bank to cancel his card and he has transferred his savings to another account of his with a different bank. He has suggested transferring them to me if he needs to keep them safe for the time being but I’m not sure this is necessary. His bank cancelled the card but didn’t have a clue what he was talking about so have offered no advice. He’s not looking for his £250 back. + +Is there anything else he/we need to do? + +Any help or advice is much appreciated. +Robert Shiller, who won the Nobel Prize in economics in 2013, told Investor's +Business Daily he expects just 4.4% average annual returns in U.S. stocks +over the next 30 years. That's a disappointing return expectation — less +than half the market's long-term return and well short of what pensions +are calling for. The S&P 500's long-term return is 9.84%, says Index +Fund Advisors. + + + [https://www.investors.com/etfs-and-funds/sectors/stock-market-crash-robert-shiller-i-see-bubbles-everywhere/?src=A00220&yptr=yahoo#](https://www.investors.com/etfs-and-funds/sectors/stock-market-crash-robert-shiller-i-see-bubbles-everywhere/?src=A00220&yptr=yahoo#) +Hi, + +I am 20F. Probably been taken advantage of. + +I worked at a place for 2 years but have not gotten any of my super paid. I have many email receipts of my employer saying they would fix it but nothing has changed. It's probably not a lot - but amounts to about 2k from 2020 to the end of 2021. I have all my payslips saved via email though. + +She has now ghosted me and doesn't answer emails or texts. + +What should I do? + +Thanks +Looking for everyone's Top tips in regards to getting ready for parenting from financial point of view. Currently home income is 250k plus, 100k in savings but not sure where we are missing the point in this entire game of parenting. So looking to have some top tips on what you would have told to yourself before becoming parent. +Hi, + +I am 20F. Probably been taken advantage of. + +I worked at a place for 2 years but have not gotten any of my super paid. I have many email receipts of my employer saying they would fix it but nothing has changed. It's probably not a lot - but amounts to about 2k from 2020 to the end of 2021. I have all my payslips saved via email though. + +She has now ghosted me and doesn't answer emails or texts. + +What should I do? + +Thanks +A friend of mine loves to share his analysis with myself and others where as I don’t care to share mine or hear about others too much. At least not in the moment. Hindsight I MIGHT want to see what someone else saw in the market but even then that’s rare. I feel like keeping my mind clear of anyone else’s opinion bc it helps to keep my mind focused so I know what I personally need to work on. Not what OTHERS need to work on. Let me know what you all think about it. +**TL:DR: The stress and anxiety Kenny "LMAYO" Griffin is going thru is leading to burnout syndrome and/or hypothyroidism. These health conditions are so nasty that make people quit their jobs or sell their companies. Extreme fatigue, pain, insomnia and cognitive impairment lead to bad judgement and decision calls. Kenny "LMAYO" Griffin rounded big basketball face is a clear sign of these conditions.** + +&#x200B; + +More than 8 months ago I posted this and it has been aging like James Martins Whiskey + +https://preview.redd.it/wp20o4penro81.png?width=660&format=png&auto=webp&s=81989658021da6eaadb72e331dd2283f1638d864 + +EDIT3: beeing a naturopath doesnt prove or disprove the content I am laying out. I could be a flowerist. It doesnt change the information in this post. I took a masters in environmental engineering and I had all the physics and chemical sciences. I took a 5 year graduation at naturopathy and I am now at 4th year of nutrition course. Between first 2 years of nutrition or naturopathy or medicine its almost the same, beeing medicine more information dense. So I pretty much had all physics, chemical and biological sciences for 13 years. So yes I am a science based man but I am also a natural health medicine believer and practicioner which is also based in the same western science but also has art and others things to it. + +As a naturopath thats what I do for a living. Thats my training and education and knowledge. Thats what I study and am experienced with my own practice and patients for 6 years. I focus on the thyroid and adrenals health and thats what Ken is/will be suffering from. I decided to do this Health related DD of probable Kenny "LMAYO" Griffin condition to explain what we see from the photos. The Gamestop situation will break his health possibly before, during or after the squeeze. + +EDIT4: not here bragging or shamelessly promoting myself. But a lot of people are asking what naturopathy is. Well Hippocrates 2400 years ago was a naturopath because he used the art of natural medicine thru nutrition and herbs and lifestyle measures to treat one's health. Naturopathy can use everything non exclusive to doctors thru prescrition to diagnose and treat someone. Medicine didnt start with the use of synthetic drugs. The word has millenia years old and not just 100 years. So naturopathy can be described as the art and science of natural medicine. Its the western version of eastern traditional medicine. + +&#x200B; + +**I am going thru 4 topics and the later 2 have their own TLDR's** + +1. What is anxiety and what causes it +2. What is stress and what causes it +3. Adrenal Health, Stress Hormones and Burnout Syndrome +4. Adrenal - Thyroid Connection: Stress & Hypothyroidism + +# What is anxiety and what causes it? + +Anxiety is the fear of the future or unknown mostly but has other causes like traumas (like PTSD) or the fear of the repetition of a bad memory (like a child abuse episode or a plane crash). The origin comes from the unconscious and it affects mostly the gut (e.g. digestion issues), heart (e,g, palpitations) and thyroid (subclinical hypothyroidism). Because it messes up with your Autonomic Nervous System (Sympathetic for "fight or flight" and Parasympathetic for "rest & digest" and regenerate) which controls all vegetative functions it basically messes with the whole body and organ systems. + +[Anxiety signs and symptoms.](https://preview.redd.it/8g8ifi3i8so81.png?width=658&format=png&auto=webp&s=4ce9b25ccb881a4a336cad8619de2b9a75faf106) + +It can have biochemical or physiological causes like a microbiota imbalance like dysbiosis or magnesium deficiency or other nutritional deficiencies that unable the neurons producing the relaxing neurotransmitter GABA (like zinc or b6). In any cause anxiety does have psychosomatic effects). The fear of death or the future can lead to stress and magnesium depletion which strengthens the anxiety problem and increases heart events. The body uses magnesium to counteract the stress response and turn the system back to the normal resting state + +In Kenny "LMAYO" Griffin's case his anxiety factors are:(1) fear of the future/unknown (prison, bankrrupcy)(2) repetition of a bad memory (what is like to have no money again)(3) losing his reputation and social status;(4) possible magnesium deficiency/depletion with constant stress and overwork + +# What is stress and what causes it? + +Stress can have many definitions. It originates from [physics](https://en.wikipedia.org/wiki/Stress_(mechanics)) and was translated to psychology and physiology. In psychology stress happens when the mind is unable to deal with a future demand. It can be not having enough money to pay the bills or have enough time to study to an exam, or **like not having enough money to close the shorts**. In physiology stress is everything that takes our body out of the homestasis. Everything that causes us harm biochemically is a stressor in physiology. It can be toxins, food causing allergy protein or additive or other constituints causing inflammation, pain, cuts in our tissues, etc. + +The body response to stress is generally the same its been for millions of years such as facing a life menace like an animal that could kill/hurt us or starvation. Every stressor turns on our "fight or flight" response. The body naturally turns to its karate position, the blood flow and heart rate increases. The muscles contract, the adrenals produce more stress hormones like cortisol and adrenaline. Every organ and system needed for a "fight or flight" response is turned on and every organ and system that is not necessary for that has its energy and activity diminshed. You not gonna pee or take a shit while running from a lion for example. Thats why some people cant pee while beeing watched or while in the ocean (cold water is stressor). + +&#x200B; + +[symptoms of stress](https://preview.redd.it/8yy8yi7u8so81.png?width=433&format=png&auto=webp&s=4b594cada1740a0b905466f7bdbdbb40d4abdb0d) + +So while the autonomic nervous system responsable for the stress response is turned on, the other counterpart is turned off. That is the one responsible for "rest and digest" and regenerate. Thats why cold water or argue with someone fucks your digestion and cold temperature fucks your sleep. + +In Kenny "LMAYO" Griffin's case his stressors are:(1) the fear of prison;(2) turning billionaire to millionaire or worse;(3) losing his reputation and social status;(4) lack of sleep(5) overwork(6) ego defeat + +# Adrenal Health, Stress Hormones and Burnout Syndrome + +**TL:DR -** **Burnout Syndrome happens with chronic stress/overwork/lack of sleep. The constant pumping of stress hormones leads to cell hormone resistance and adrenals exhaustion because of chronic high production. This leads to extreme fatigue, cognitive impairment and circadian rhythms issues that lead to insomnia. The body breaks followed by the mind and people make bad judgement and decision calls and quit their jobs or sell their companies.** + +Anxiety or stress factors make your stress hormone producing gland (the adrenals) to pump cortisol and adrenaline (stress hormones) to turn on the body stress response and keep it that way. If those factors are constantly present, then the hormone production is also high and constant. This prevents the body/mind from crashing before the demand/threat goes away. The problem with this like with any other hormone, neurotransmitter is that this constant stimuli makes the body adapt. + +This means that our cells that receive these hormone/neurotransmitter signals remove part of the antennas (receptors that receive and transmit the signal) in order to be less stimulated. This is the physiological adaptation. Its like when we have a constant strong noise around us but after a while we start ignoring the noise to the point we almost dont hear it. Or like when we have a dog inside our house but after a while we can no longer smell it. Or like when we eat too much sweet or salty food and after a while we need more salt or sugar to feel the flavor. Its the same with medications that increase neurotransmitters or hormones. Like antidepressants, anxiolytics, corticosteroids. The doctor needs to increase the dose overtime for the same effect. And after a while it just no longer produces any noticeable effect. + +[Burnout symptoms](https://preview.redd.it/qgal1gh68so81.png?width=566&format=png&auto=webp&s=522e9c0ce6137411e17b7cbbbfc5ca9cea9caffb) + +So the body resistance in the cellular level to those stress hormones starts increasing overtime. In response the adrenals have to produce more to maintain the same effect. This leads to positive feedback loop where more concentration leads to more resistance and more concentration and even more resistance and repeat. After a while the adrenals start becoming exhausted. After so many years pumping so much stress hormones, they become fatigued and then that production becomes extremely low. But the resistance still maintains. + +At this point it is like the body no longer has stress hormone effect. The energy levels drop to a point where the person can't get out of bed. The resistance then drop because the lower levels make the cells adapt to become sensitive again. But the adrenal exhaustion remais. And it remais for many years if untreated. This is the burnout syndrome. The person cant sleep, doesnt have energy for anything. It is most commom in nurses and CEOs and other jobs where there is overworking, rotating schedules,... + +**Some of these symptons are nasty and affect the decision making of an hedge fund manager for example to the point he starts making bad calls or wants to quit his job.** + +Takes many years to recuperate untreated and at least 6 months treated with a full lifestyle plan. + +In Traditional Chinese Medicine they call the life battery Jing. We receive that battery upon conception from parents. Some people born more charged than others. That battery determines our longevity and it is located in the kidneys (adrenals are attached to kidneys). We lose Jing overtime. Depending how we live, we can lose Jing faster or slower. Jing can also be replenished but to a smaller extent. We cant live forever. The loss of Jing leads to aging. The kidneys and Jing control the health of bones, teeth, colour of hair, mind, fertility and fear. Thats precisely what is most affected when we get old. Some people lose it faster than others. When you see a 30 year old with 100% grey hair. He was born with little Jing. When you see a 40 year old with existential fears, low Jing. Stress depletes Jing. **When you see Kenny "LMAYO" Griffin hair going crazy gray in such a short spam of time now you know what it is: he is aging at a faster rate**. + +# Adrenal - Thyroid Connection: Stress & Hypothyroidism + +**TL:DR -** **Chronic stress/anxiety leads to hypothyroidism which leads to fatigue, pain, insomnia, cognitive incapacity and other nasty symptoms that affect the decision making. Kenny "LMAYO" Griffin rounded face is a clear sign of hypothyroidism** + +Thyroid is the main gland responsible for the metabolism speed/activity. For this regulation it produces 2 hormones: T4 and T3. + +T4 acts like the gas deposit and T3 like the accelerator. T3 is 5 times more active than T4. But T3 is mainly converted from T4 in other organs and not the thyroid. + +For this conversion there is an enzyme responsible than can convert it to the active T3 and another enzyme of the same family than can convert it to the inactive form of T3 called Reverse T3 (RT3). This latter enzyme is sensitive to stress, trauma, anxiety and other dozen factors. + +So chronic stress/anxiety can lead to a type of hypothyroidism called Non Thyroidal Illness Syndrome. Thats when the ratio: active T3 (accelerator) / inative T3 (brake) is low. Its like when you try to accelerate your car with your other foot in the brake. The response in acceleration is not gonna be the same until you take that footie out of the brake (lower RT3). + +&#x200B; + +As for the symptoms of hypothyroidism, the next picture its the same for men. + +[Hypothyroidism symptoms](https://preview.redd.it/pjz5vrkr9so81.png?width=800&format=png&auto=webp&s=be00a8e8d79de7f80fc749b37d75ced4754f899f) + +Some of these symptons are nasty and affect the decision making of an hedge fund manager for example to the point he starts making bad calls. Treated takes 12 - 24 months. Untreated might never recuperate. + +&#x200B; + +Allright took me some 3 hours to make this DD. Hope you enjoyed it. Maybe it was helpfull to your personal case. + +&#x200B; + +**Stay Zen and avoid becoming ill like Ken** + +&#x200B; + +EDIT2: I will be doing 3 posts about how to treat Burnout Syndrome. Hypothyroidism and Manage Stress levels mostly with lifestyle but also nutritional and phytotherapy interventions +Ive heard a lot of stories in this sub of people who make 10% on average a month, but this seems confusing to me because couldn't you just maximize your edge and make much more? + +I understand certain strategies require more liquidity than others and that usually is what causes a strategy to have a fixed amount of revenue, but why couldn't you just apply the strategy to every asset class and then theoretically makes 10% each stock/sector/future>??? + +Logically, if you just traded more frequently, the higher % you would earn. + +Maybe I'm thinking about this the wrong way.. +To give a bit more detail, the Algo is currently setup to have equal stop loss and profit target widths. The max holding period is 15 minutes and trades 5 tickers. So it averages 10 to 20 trades a day depending on the signal threshold I pick. + +Yet to do any Sharpe / Sortnio ratio analysis, which probably depends as much if not more on sequential runs of losses / wins. But asking simple questions first. + +Fwiw, depending on signal strength, it can be tuned to get to a higher win rate, approaching 60, but fewer trades. +Maybe a stupid question… but how is usd money at these banks actually stored? We talking an oracle database or what? + +And how does that hook up to the swift network? What does settlement actually mean? Is that the part where some entity actually checks the money exists? + +Any literature on how this tech stack is set up would be very helpful. + +Thank you! +Honestly...it’s getting absolutely ridiculous that amount of times posts are being repeatedly posted by some users. Look, there isn’t 2 people online and if you were around long enough you would remember we have had this problem before. We don’t need post after post saying “all shills have left”...they haven’t...you have been the 5th person to post this in the space of 10 minutes so have a bit of sense please. You’re just blocking up the sub with needles karma farming posts that you’ll be downvoted for. + +I actually think mods are doing a great job removing them but maybe we should start leaving them up until they get downvoted big time and the OP receives a posting ban for awhile + +Also, let’s have another massive day GameStop + +💎🤲 +EDIT- this run up has seen Deep otm puts being bought. I geniuely couldn't have timed this DD better. Shame irs not getting more traction haha I need to get better at writing catchy titles. + + Good morning Motos, + +Continuing on my roll of DD posting while I have a week off, here is the the update to my "married puts DD" which I did way back just before the large block of deep out the money puts expired worthless back in July 16th (for reference this represented 40.4 million shares of GME). + +You can find the [OG DD here](https://www.reddit.com/r/ApesMonkeyAround/comments/oetks2/a_look_amc_and_gmes_deep_otm_out_the_money_puts/) but it's not a required pre-read or anything, as I'll go over all the concepts again in this DD. + +**Disclaimer-** This isn't any form of advice, it's just what I've found from my digging and my current understanding. Which is always evolving and adapting as I learn new information. Also this DD will require some basic understanding of the options market and how the mechanic's of naked shorting & Fail to delivers work. I have DD on these as well, but I don't want to feel like a walking ad for myself, so ask in the comments or via DM if you want these guides. + +**TL; DR?** + +Simply put by analysing the existing option chain we can see that there is a minimum of \* shares of short interest being hidden in GME. + +And more importantly we have another clear piece of evidence that manipulation and fraud of the stocks are still occurring. + +**What this DD is, and what it isn't.** + +First and foremost, this DD is not a way to calculate the total number of synthetic shares in existence. + +For GME, to my knowledge, there has never been any official numbers on how many individual investors there are of GME, and also there has not been any sample data released that has a verified shares to shareholder ratio anywhere. Meaning that its difficult to try and calculate any meaningful statistical analyst on this subject. + +This DD, and by extension the OG DD can be used to show a **BARE MINIMUM** number of shares that have been hidden, as I'll explain later in detail but once the put expires the owed shares don't disappear. + +This DD also shows in detail, one of the three main ways short interest can be hidden, to my knowledge. There is likely a lot more ways it can be hidden. + +The main purpose is to show that fraud in the stock still exists and continues to this day. It's all well and good saying it is obvious and pointing generally at them but this is a hard facts, evidence and data led approach to conclusively saying that beyond a shadow of a doubt. + +**What is a traditional married put?** + +A married put traditionally is a strategy used where the holder of a long position (Someone that either has stock or options where they want the price of the stock to go up) buys a number of at the money put contracts equal to their long position. + +This way if the stock goes up more than relative to the premium then they earn money, likewise if the stock goes down below the cost of their premium then they will either break even or earn some money depending on the type long position they hold and how much value is lost. + +Let's show this with an example. + +You own 100 shares of stock ABC and it is currently trading at $150. To hedge you buy one Put contract with a strike of $150 for Jan 2022 costing you roughly $1,000 (remember one option contract equals 100 shares). + +* If between now and Jan the price of your stock rises above $160 you are earning profit as you've covered the cost of your premium ($10 x 100 shares is $1,000). +* If between now and Jan the price of your stock goes down below $140 then you'll earn money off of the value falling, the lower it dips the more you earn. + +It's not a perfect hedge as if the price ends between $140 and $160 you'll be out money. But the point is that you'll have protected your investment from downturns in price from what it is currently at. + +**What is a divorced put?** + +Firstly it's a term I coined after arguing with someone over the semantics of a name. I kept saying married puts and then explaining the variation but I kept getting told "That's not a married put" as such since the variation is that different I'm calling them divorced puts. + +In a divorced put you need two parties. You need your OG shorter, who has short sold shares in a company that they need to cover but don't want to buy legit shares to do so with. Secondly you need a market maker (who is also very likely short on the same stock) who is willing to bend the rules a little and help out the OG shorter. + +The OG shorter buys either deep in the money, or deep out the money put contracts, equal to their short position, from the market maker for a date far in the future. + +>Technically It doesn't need to be deep itm or otm puts but by choosing deep itm or otm puts they can be pretty confident they are buying and selling to each other due to the relatively low open interest. Likewise it doesn't need to be dated far in the future but the further in the future the Put contract is the less open interest it will have and the longer the OG shorter and market maker have to try and get the price of the stock in question down. + +The market maker then naked shorts and sells the OG shorter shares equal to their short position. + +>Again, you can't decide who you buy and sell to on the open market. However using a combination of naked shorting during low volume times and dark pool abuse you can be pretty confident of who the shares are going to if you coordinate. + +The OG shorter now has a short position, the equal amount of shares and put contracts worth the same amount of shares. The OG shorter then uses the shares given to close their short position just leaving them with the put contracts. + +The Market Maker also lets these naked shorts become fail to delivers. + +With this the short interest has been hidden and transferred into fail to delivers. + +**Who's left holding the bag?** + +So the question remains, who is left with the responsibility of covering the shares. Because eventually whether it be covering shares sold short or fail to delivers, someone has to pay them back at the end. + +And, that comes down to whether the contracts were deep in the money or deep out the money. + +If, like we are seeing this now, deep out the money contracts are being used then the expectation is for the OG shorter to exercise those contracts, they earn next to nothing off of doing so and because they don't have the shares in their possession to sell they become fail to delivers and the market maker gets given the needed shares to close it's fail to delivers. + +Conversely, if it's deep in the money contracts that are being used it is expected the OG shorter won't exercise the contracts (citing the fact that it doesn't cover the cost of the premium) and the market maker will keep the fail to delivers to deal with themselves. They did get paid a hefty price for those deep in the money contracts after all. + +As an alternative, instead of exercising deep out the money puts the OG shorter could also give the market maker a flat payment for something. It's not like Citadel have just stated they are redeeming $500 million from Melvin Capital or anything lately. + +**Example of divorced puts.** + +I've always found shit easier when I can walk through an example. So I'll do that for you now, if you understood the above and aren't interest in an example just skip to the next bit. + +So OG Shorter has short sold 100,000 shares of company XYZ when it was valued at $100 a share. The price of XYZ has risen to $250 a share and is at a level where if the OG shorter was to cover they would be at a severe financial loss. As such they call in their Market Maker friend. + +The marker sells the OG shorter 1,000 put contracts at $5 strike, dated Jan 2022. The market maker also naked shorts 100,000 shares and sells them to OG Shorter. They then let their naked shorts become 100,000 fail to delivers. + +The OG shorter uses the 100,000 shares they were sold to cover and close their short position. They now only have 1,000 put contracts. + +From now and until Jan 2022, the market maker stays in a battle to continually reset the fail to delivers. Abusing the T+2 time line to ensure that the true figure of fail to delivers is never revealed. + +Come Jan 2022, and the puts are about to expire. Either they are exercised or they are not. If they are exercised they can become fail to delivers or are re-shorted on the OG shorters end, or if the puts aren't exercised the market maker keeps them and just tries to deal with the fail to delivers. + +**Why it can't be used to calculate synthetics.** + +As you see from the above when the puts expire, the fail to deliver aspect doesn't disappear and that share is still owed. + +So the 40.4 million GME shares that were represented in the July 16th divorced puts are still needing to be dealt with and covered. + +**What are my parameters for looking for puts I deem to be eligible?** + +In the OG DD I set parameters to see if I could consider a put eligible to be consider or not. + +Originally open interest had to be above a certain level for the week and the strike had to be below a certain price to be considered in my calculations. I'm still sticking with the puts being below a certain price however I'm no longer sticking to weeks with big open interest only. + +The reason for this is simple. I've spent the past 10 or so weeks doing a recap/look ahead posts for both GME and the movie stock. And even in low open interest weeks I've seen evidence of strikes hiding shares of short interest. It means a lot more work went into this quarter's breakdown but it was worth it to feel more confident in my assertions. + +As for price, last time I decided 2/3rds of the current price was fair to look at. As this would be far enough away from the money to be a traditional hedge. I still feel that this is a fair assumption, so with this in mind my strike will be $105 and below for GME. + +Last time I also did it as a solid block, this time I'm also expanding my shares into ranges. This is because I feel more confident that lower ranges will be indicative of the divorced puts than higher ranges. The ranges will be spilt up evenly into three brackets. + +GME will have $0 to $35, $36 to $70, and $71 to $105. + +As for Puts Deep in the money, this is a harder one to look at. As a lot of these could have been bought at all time highs as a hedge. As such I will only consider Puts above $450 for GME which is roughly 3x the current price. + + **A breakdown of the numbers.** + +https://preview.redd.it/7847egtwgbj71.png?width=450&format=png&auto=webp&s=045d94a98d510faaca5a427d34eaad31771db816 + + So I've followed the above parameters and did a break down. Like I stated earlier, this time I was also interested in the ranges as well. + +In short we can see a total of 426k Put contracts, representing 42.6 Million shares are being hidden in GME's option chain. + +Just over two thirds, 37.3 million of those shares are being hidden in put contracts with a strike of under $35. + +Like I stated earlier, the OG Shorter and Market Maker are using deep out the money puts opposed to deep in the money puts. + +When today's total is added to the 40.6 million shares worth of puts that expired worthless on July 16th we can see at a bare minimum of 83.2 million shares from the real short interest are being hidden as Fail to Delivers. + +When added to today's short interest of 7.7 million shares it gives us a new MINIMUM real short interest of 90.9 million shares or 143% of the float. + +**Note of caution and** **hopium.** + +First my note of caution. Not all of these Puts will be for hiding short interest. Some may be for people legitimately buying Puts for shares they own as a hedge or as a bear bet. The further out the money or deep in the money they are the less likely this is. That's why I picked the strikes I did, if there is another update on this you'll see the strike considered is constantly in flux but I try to choose a strike that will account for 95% of the puts being bought as part of this tactic rather than just a hedge. + +A note of hopium. This isn't the only way to hide short interest. There is also something called a Synthetic Long Put. This uses atm (at the money) Calls and Puts to hide your short position. This is harder to calculate what the hidden short interest is as you have to know what the price was when the position was opened (not what it currently is at). These Calls and Puts will also get lost amongst legitimate Calls and Puts which will generally be higher in open interest. So, there will more short interest hidden else where. + +**Parting words.** + +I have a[ twitter,](https://twitter.com/BOBoonRoss) and [a YouTube.](https://www.youtube.com/c/BOBoonRoss) I post everything to YouTube, and I also chat away on twitter and give smaller updates on things that don't merit a reddit post or YouTube vid. + +I also post everything on reddit, so consider giving me a follow on reddit if you don't follow YouTube or Twitter. + +Hope this helps folk and I hope everyone has a great day! + +Peace out! +Hi all. We're in unprecedented and uncertain times and nothing affects people quite so much as feeling their job is under threat. + +Totally understandably there has been a deluge of questions about furloughing. To try and keep the subreddit tidy and on-topic, we're going to use this thread as a Q and A, and collate the most-asked questions and high quality answers in this post. Any other threads mentioning furlough will be automatically closed and the poster directed here. + +# Asking questions in this thread + +* Please first check the FAQ, your question may have been answered already +* Try to be as specific as possible and give as much information as you can +* If you don't stick to these guidelines your question may be removed + +# Answering questions in this thread + +* The thread is strictly for Q&A. No matter how tempting, do not veer off-topic. +* Source your answer wherever possible. +* Keep answers brief and to the point. We will collate them into the FAQ +* If you don't stick to these guidelines your comment may be removed + +# Suggesting FAQ answers + +* Have you been helping out with furlough questions and have some good stock answers for us? Please comment with your Q and A in the suggested FAQ format, and we'll update this post. + +&#x200B; + +# FAQ + +**How much will I be paid?** + +80% of your "normal pay" (with no commission or bonus), subject to a cap of £2,500 per month (i.e. 80% of £3,125). This will be subject to tax and NI as usual, as well as employee pension contributions. Your employer can choose to pay you more. + +Normal pay definition provided by [gov.uk](https://gov.uk): + +>You can claim for any regular payments you are obliged to pay your employees. This includes wages, past overtime, fees and compulsory commission payments. However, discretionary bonus (including tips) and commission payments and non-cash payments should be excluded. + +**How is my pay calculated?** + +If you are a normal salaried worker, your earnings are based on contractual earnings in your February paycheque. + +If your pay is variable (zero-hours contract, for example): + +>If the employee has been employed for 12 months or more, you can claim the highest of either the: +> +>same month’s earning from the previous year +> +>average monthly earnings for the 2019-2020 tax year +> +>If the employee has been employed for less than 12 months, claim for 80% of their average monthly earnings since they started work. +> +>If the employee only started in February 2020, work out a pro-rata for their earnings so far, and claim for 80%. + +**How will I be paid?** + +Your employer will pay you via their payroll and claim the funds back from the government. + +**Can I work a second job/freelance elsewhere/be self-employed whilst furloughed?** + +Yes, you can, *if your contract allows* (paste from gov.uk)- + +>If contractually allowed, your employees are permitted to work for another employer whilst you have placed them on furlough. + +**Can my employer ask me to work for them whilst furloughed?** + +Categorically no. [https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough](https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough) + +**My employer has reduced my hours/laid me off/reduced my pay but not furloughed me. What are my rights?** + +According to ACAS: + +> By law, employers can lay off employees or put them on short-time working if it's either: +> +>included in the employee's [employment contract](https://www.acas.org.uk/what-an-employment-contract-is) +> +>custom and practice in your workplace, with clear evidence +> +>a national agreement for the industry +> +>an agreement between your workplace and a trade union +> +>agreed by the employer and employee to change the terms in the employment contract +> +>Changing the terms in an employment contract +> +>An employee can agree with their employer to change the terms of their contract to include lay-offs or short-time working. +> +>If it's a permanent change to the contract, the employer must confirm in writing what’s been agreed within 1 month of the change. +> +>If it's a temporary change to the contact, it’s also a good idea for the employer to confirm what’s been agreed in writing. + +You can find further guidance at their website: [https://www.acas.org.uk/lay-offs-and-short-time-working](https://www.acas.org.uk/lay-offs-and-short-time-working) + +**I am a director of a Ltd company, can I furlough myself?** + +Yes you can, but you are only able to reclaim any PAYE income that you paid yourself, not dividend income + +&#x200B; + +# Resources + +[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees#furloughed-workers](https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees#furloughed-workers) + +[https://www.citizensadvice.org.uk/work/coronavirus-if-your-employer-has-told-you-not-to-work/](https://www.citizensadvice.org.uk/work/coronavirus-if-your-employer-has-told-you-not-to-work/) + +[https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough](https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#when-your-employees-are-on-furlough) + +[https://www.hilldickinson.com/insights/articles/what-furlough-leave](https://www.hilldickinson.com/insights/articles/what-furlough-leave) +It’s a very easy process. + +I’ve just spent a significant amount of cash on the new rig but it will be useless if I can’t piece back together the story , especially if a post or two get deleted before I get to them. So + +So ape historian is asking for your help once again + +If you are on desktop just copy the url of the post (the main post not the comment thread) + +Go to archive.is, paste the url and click submit. + +Done. + +It will help if a post gets deleted before it can get backed up by me - which can happen . + +If you are on mobile the process will also work, you just need to remove all characters after the last “/“ ie everything that starts with ? After that last forward slash character. + +Then the process of copy pasting it is the same. + +To all people who see a post that’s worth saving - do the same as above. + +I am asking for your help Because backups sometimes take multiple days with a lag and if it’s already deleted before it’s backed up there is nothing I can do then + +Thanks, +Ape historian + +Hdds go brrr (soon) +UPDATE: This is apparently legit. Parents called both the main company as well as their individual agent. Both confirmed this lady does business with the company and is actually one of their best adjusters. My parents also searched every review they could find about the lady in particular and no mentions of shady business. This really just seems to be a case of a boomer representative using outdated jargon, boomer parents not understanding the process entirely, and my own paranoia of getting scammed. + +The debit card thing is, like a few people said, just a relatively new practice. The agency just uses "push to debit" transfer of funds instead of cutting a paper check. The lady described it as "wiring money" to my parents which caused me to immediately think it was a typical "oops I sent you too much money by mistake, can you just send me the difference" or something along those lines. + +The in person meeting in a random location instead of a field office or the actual location of the totaled vehicle is again just boomers being boomers. This lady seems to be in her late 60's and says she doesn't like to drive far or at night. Why she's in this profession is another story entirely, but the meeting spot is halfway for both parties and the insurance company will just collect the vehicle at its leisure. + +The reluctance over providing basic info and wanting to cut out any other parties is again just miscommunication and pride. All the info she gave was confirmed by the agency no problem. I guess she didn't want to appear like she wasn't well versed with policy and practice. Whatever. + +As for signing the title over to her personally. Again, a miscommunication on her part. The title would be transferred to "x insurance company as per representative adjuster jane doe". Why she didn't just say that or explain in more detail, who the hell knows. + +I feel mostly relieved at this point. I still won't be totally satisfied until my parents have a check in hand that clears and a reciept from the insurance company. But I'm glad they at least took some steps to make sure everything was legit. END OF UPDATE + +_____________ + +Parents totaled their car 2 weeks ago. They have insurance. They called their agent, had it appraised, totalled, written off, all business as usual. I just happened to be in the room as they had a phone conversation with a private adjuster who I assume works with multiple firms, and what I heard set off every warning bell imaginable. + +First she seemed hesitant to give a simple number as to what the insurance was going to pay out. She eventually gave an initial claim and then gave another smaller number that I assume is what my parents can expect after regular fees. Then she was very interested/nervous about where the totaled car was being stored and kept mentioning storage fees. My brother works at a dealership and my parents initially had the car towed there hoping it was fixable and when they learned it was a wash, my brother just held it there no problem. So even after assuring this lady multiple times there would be no fees, it seemed like she was still very adamant/concerned. I guess it's possible the dealership would normally charge something and it would potentially be taken out of her/the insurance companies margins, but it really just seemed like another red flag to me. When my mom went to ask how they moved forward and when she send the title into the dealership/insurance company the lady FULL STOP said absolutely to not involve anyone but her. That's where I really felt like something was up. She (the adjuster) went on to say the company will give them the run around and it will take months to get the money etc. Then she says the easiest thing to do is to meet in person and sign the title over to her personally and then to bring a debit card and she'll wire them the money. I feel like my parents eyes lit up with dollar signs and ignored everything wrong with this whole situation. Am I being paranoid? To me the company would write the car off after being appraised and mail a check. Business as usual. Boring, like insurance should be. This lady just screams scammer to me and I'd hate to see my parents taken advantage of. The adjuster wants this all to go down in person in the parking lot of a random shopping center in two days. Any advice would be appreciated! Hopefully this is just standard practice nowadays and I'm wrong. +Throwaway as usual. + +I just did the math myself, and while not completely screwed I’m not gonna have a good time. + +Just graduated with my MBA from a top 20 and due to finances had to take first available job at 82k with 6% company performance bonus (but we are doing awful). + +Income: 52k/year, 4.4k/month after taxes +Expenses: 32.5k/year 2.7k/month +Debts: 188k student debt (@6%), 7k credit card (@25%) + +The best idea I had was to net my annual cash flow, although I know interest compounds/gets payed off monthly. + +Right now if I live paycheck to paycheck, only servicing the interest on these debts I net positive 5.5k/year. This does not account for loan repayment. + +Positive cash: 52k +Expense: 32.5k +Interest expense: 14k +Net positive: 5.5k + +How long can I survive? +What if I brought in $500/month in Uber driving? +When Jeff Bezos divorced his wife she [sold a bunch of shares of Amazon stock.](https://www.cnn.com/2020/01/28/tech/mackenzie-bezos-amazon-shares/index.html) Lots of this money was given to charity but she retained much and is worth more now than at the time of the divorce. Most would find this normal, but I think of it as a simple misdirection. Jeff brings no attention to himself as he is not the one selling the stock, his wife is. A simple magic trick but an effective one. + +Now we have another large player announcing a divorce. What stake would Melinda keep in Microsoft? Why would an ex wife keep confidence in their ex lovers business? So again. Another sell signal and then quickly covered with philanthropy. + +The best trick is one that can be done with repetition and not discovered. The biggest tell is to watch the hand that is not moving. + +Pay attention to the money she isn't giving away. All the big players know there's a crash coming. None of them want to yell loud enough to begin the avalanche. + +Tldr: I ate too many crayons but I think that divorce might be a cover for selling stock. + +Hodl, buy dips, stop reading Stonk posts if you need to. Go for a walk. Find peace so you can handle the squeeze without anxiety. + +I'm not a financial advisor this is not financial advice. +So the US fed is expected to raise by .75. What would happen if the RBA just didn't raise rates at all. Say they kept them as is this month, next month, and the month after. + +For example, RBA rate is currently 1.35, say the US fed raises to 3.0, what happens over say a 6 month or 12 month period? +At the start of the pandemic some were expecting not only a recession but a depression. + +So far we are only officially in a recession yet the stock market has been relatively resilient and the unemployment figures are not that bad and property crash hasn't happened either. + +The second wave in Victoria seems to be over soon and we can all expect the state borders to reopen before Christmas too. The warmer summer days are going to keep the numbers low too. + +Do you think the worst is now over and we are on the path to recovery or that the economy is on borrowed time and we will face the doom days scenario soon? + +Just curious to see the mood of this sub. +Like the title says, and in response to many posts I see here telling people to prepare for such a dip, or the others that gain appropriate Notoriety saying they held through the last dip, it’s not applicable nowadays. [Apple and oranges](https://i.pinimg.com/originals/1d/07/80/1d0780af11c64e18c8c6d2fa52f4e995.jpg). + +Retail and Industry are now heavily involved in cryptocurrency‘s, it went mainstream last year, The richest man in the world openly share the fact they HODL. I helped my mother set her account up last month! This is not the same space anymore. + +I’m not trying to spread hopium, just want us all to know the times they are a changing! + I’ve started looking at other jobs and paths perhaps, but after being in the banking industry on the frontlines for over two years, I’n tired. I want to move on. Is this something I should wait to say until I have another gig lined up or just be honest with my manager? +I was reading about Medallion fund and found out that math based funds use patterns like lunar cycles in their investing algorithms. Has there ever been studies into why? +I've said it for a while. + +GameStop are making their own metagame universe and all their partners are invited. I'm gonna explain as much as I can now since more people are asking. + + +My guess of what's happening is a metagame universe as a social platform where you can shop for anything [like in Ready Player 1.](https://imgur.com/JSEE0YA.jpg) You buy it there and the physical version arrives at your house, tied to NFT so you can wear it in the metaverse too. + +That place to hang out becomes the login portal for games or watching VR things with friends or desktop games etc.. or a [blockchain based stock market made by Loopring.](https://i.redd.it/q6tc253sgx581.jpg) + + +More: + +> Instead of logging on Facebook to see what your friends are up to. Or Steam to invite a friend to play a game. + +> You open a "game" on your computer that's a universe where you and your friends walk around to socialize and catch up. If you find a game you like you all hop in that portal inside the universe and it logs you in. Your ID is tied to the character you logged in as kind of thing. + +> Now you tie NFT cosmetics to it and you can wear or drive cool shit around the universe (or games that support it) and even gamble the NFTs if that's your thing (CSGO knives anyone.) Or even blockchain based real estate in the universe. + +> It's the entire economy inside the Digital world, that is tied to physical items through blockchain and NFTs + + + +These guys just said they are actually doing at least something with that, [mentioned metaverse specifically.](https://imgur.com/a/m2J2pGt) and since that image now accept LRC to buy stuff at GameStop. + + +Gamestop are partnered with everyone, Nintendo, Sega, [Funko,](https://www.funko.com/blog/article/funko-digital-pops-everything-you-need-to-know) and [Microsoft,](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-multi-year-strategic-partnership-microsoft) even [esports,](https://news.gamestop.com/news-releases/news-release-details/gamestop-makes-play-multiple-esports-partners-supporting-amateur) Pokémon, and whatever they [can interact with](https://worldcrunch.com/tech-science/magic-pokemon-nft-trading-cards) on a card table like [nft Legos](https://www.brickfanatics.com/lego-tweets-mysterious-nft-tease-immediately-deletes-it/) or [Magic the Gathering/Hasboro](https://www.polygon.com/22406490/magic-the-gathering-nft-tokens-hasbro-ceo-quarterly-earnings) and [Atari NFT casinos](https://finance.yahoo.com/news/atari-casino-launches-virtual-party-133000509.html) that you can [drive your Lambo to](https://finance.yahoo.com/news/first-nft-drop-supercar-history-141556147.html), even your own bank with L2 tech, and make that the place that everyone socializes. + +&nbsp; + + +It now competes with Facebook, Steam, Tencent(QQ client), Amazon/Fry's, and clothing/retail, traditional banking and Wall Street, and you use your physical stores as login portals for those without computers. + +&nbsp; + + +Why else would [Nintendo need this job in Texas](https://imgur.com/DCLgJBV.jpg) + +[Nintendo has been releasing emulators](https://www.techradar.com/news/turns-out-the-nintendo-switch-onlines-n64-emulator-isnt-as-bad-as-it-seems) that should also be usable in a metaverse if programmed correctly, it should be very easy to buy say... a digital Gameboy and play all those emulators while waiting for friends to log online to play... have that save state tied to blockchain/NFT ID and you can launch the same game save on the Nintendo network on your switch. + +&nbsp; + +*So many companies have these hints* + +> When we think of SEGA, we think of its evolution from a pioneer in the video game market to one of the most prominent video game developers and publishers ever! Globally, SEGA has over 5,000 employees passionately working to bring the best gaming entertainment to players around the planet. We have one of, if not the richest, portfolio of original IPs – something we are very proud of and excited about as the market continues to change. + +> [New streaming technologies and shifts in the retail landscape are well poised for what will be the most disruptive and innovative time in our industry. Our IP strategy positions us well for this, and we are enthusiastic about the future!](https://careers.sega.com/jobs/brand-director/) + +> There’s never been a more exciting time in the company’s history to join SEGA! + +> [Sega's second-quarter financial results landed earlier today with plenty of good news for investors. Revenue and operating income for the owners of Sonic the Hedgehog are up, and Sega is now floating the notion that it's going to build future revenue from--you guessed it--non-fungible tokens (NFTs).](https://www.gamedeveloper.com/business/sega-s-getting-into-nfts-too) + +&nbsp; + +My bet is the initial versions will look something similar to [RuneScape3 (which is entirely browser based)](https://imgur.com/KnxgwoH.jpg) combined with fortnite art style to attract that crowd. + +Then they evolve with web3 technology from there until it looks like [ready player 1 eventually](https://imgur.com/JSEE0YA.jpg) and it's all social, shopping, playing physical games together, logging into other games, going to the bank... whatever you need to do.. show off your in game achievements with the NFT cosmetic they awarded you. Go flex that server first mythic kill in WoW on your metaverse friends. + + +&nbsp; + + + + +&nbsp; + +I think the initial avatars will be Funkos (if not more).. + They keep [tweeting these things out](https://twitter.com/GameStop/status/1471903185388322818) and Funko has technology to turn in game achievements into NFTs and physical rewards. + + +> Funko Digital Pop! will be available to purchase through the WAX platform using your WAX account and a credit card. + +> What is WAX? + +> WAX (Worldwide Asset Exchange™) is a leading decentralized video game and entertainment network. The WAX blockchain is a safe and convenient way to buy, sell, and trade virtual items. + +> WAX NFTs can be purchased in the initial drop using a credit card. Purchases must be made using a WAX wallet which is an account created on the WAX blockchain that will hold your Digital Pop! after a successful purchase occurs. The WAX wallet allows you to see your NFT inventory and interact in the WAX marketplace to buy, sell, or trade NFTs. + + +&nbsp; + +> How do I redeem my Digital Pop! for a physical Pop!? + +> 120 days after each series of Digital Pop!™ drops, each WAX account with a qualifying Digital Pop! will receive a Redemption Coin deposited into their wallet. (Psst… A Redemption Coin is a redeemable NFT that represents a collection achievement). + + +> The Redemption Coin NFT will be deposited into the account of the current owner of the Digital Pop! on the applicable date, not the original buyer. If you sell or trade a redeemable Digital Pop!, the Redemption Coin NFT will be deposited into the wallet of whoever holds the Digital Pop! on the 120th day. + +> Only one (1) Redemption Coin will be issued per redeemable Digital Pop! + +> Once a Redemption Coin is deposited into your account, you will have 30 days to redeem for your physical Pop! Redeeming a Redemption Coin "burns" the coin and it will no longer be in your wallet. + +> Redeemed physical Pops! will be shipped and delivered for free to all U.S. customers. International shipping fees may apply to global orders where available. Some restrictions may apply. U.S. shipping is expected to be fulfilled within 30 days after the NFT series redemption deadline. + +&nbsp; + +Then you gotta call in Ja Rule to tie it to blockchain and (not joking) for collectibles tied to a physical item with a chip for easy on boarding into the metaverse via a chip scanner. + + +>BCN: How did you get involved with the Flipkick market concept? + +> Ja Rule: Man, Flipkick.io is such a great idea. So as I got into NFTs I noticed a dope project and the whole angle was something different, which I really loved. [The angle of taking physical works of art and authenticating them in a similar way NFTs are authenticated on the blockchain but with a chip.](https://stockmarkettoday.org/hip-hop-star-ja-rule-discusses-the-growing-nft-space-and-crypto-i-like-the-fact-that-bitcoin-is-decentralized/) We have a patent pending on our technology, and when I say ours it’s because I’m part of the company. + +> It’s just a smart thing to be able to authenticate physical artworks cryptographically and let these amazing artists be able to enjoy the fruits of their work and it was never possible before in the past. So I really applaud what Flipkick is as far as the physical NFT space. + + +This is the tech his NFT company patented. Sounds useful for say... physical products with a chip tied to NFT/metaverses + + +&nbsp; + +And this + +https://twitter.com/jarule/status/1371851888270966789 + +Lambo [clearly knows what's up too](https://i.redd.it/etfz0mbbgx681.jpg) + +&nbsp; + +OK now go [look at GameStop's job description again] (https://imgur.com/v1VjDqr.jpg) + +Edit: Part 2 [GameTrust, GameStop's game publisher and why they are key](https://reddit.com/r/Superstonk/comments/rp2dvn/gametrust_the_game_publisher_that_gamestop_owns/) +##Goal +During December I will donate 25 Bitcoin, 1 each day leading up to Christmas, to a cause suggested by r/Bitcoin. +It can be a charity, open source project, crowdfund or anything else. + +&nbsp; + +I am hoping that these daily posts and donations will encourage others in the community to give Bitcoin this Christmas. +Especially people who have benefited from the rise in price recently. +&nbsp; + +##Get involved +Submit a suggestion in the comments of a cause you would like to see donated to. Also post a link to their Bitcoin donation page (not address) if possible. +Even if your suggestion is not donated to by me this month hopefully it may be seen by others here who may choose to donate. + +&nbsp; + +Each day I'll pick a cause from the suggestions, likely the most upvoted one, and donate 1 Bitcoin to them. +I'll ignore any scams, begging, college fund requests etc. + +&nbsp; + +I will try to send donations as fast as possible but there may be times where I have to do more research or checks to verify the suggestions are legit. +&nbsp; + +If you wish to give but don't have the time to check Reddit for the rest of the month you can send Bitcoin to my address: +&nbsp; + +**34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b** +&nbsp; + +I will divide the extra Bitcoin sent to that address by 25 and donate it to each of the chosen causes on the 25th or the 26th. + +##Proof of funds +Message: "Give Bitcoin this Christmas" +Address: 34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b +Signature: I8vZgsyOb1CKbTjo/Mravp03yIFnC94GNTVYOkBbhIUPUajfKPg4nh8zj7dWu5qzev2nsAtByLwpHHDnVwyAxsI= + +Note that the address above doesn't contain 25 now due to sending donations so the funds moved to change addresses. +You need to verify it using Trezor. + +##Donations + +| Day | Cause | Proof of donation | +|:------|:------------|:------------| +| [1](https://www.reddit.com/r/Bitcoin/comments/7gpe1q/give_bitcoin_this_christmas_ill_start_with_25/)|[EFF](https://www.eff.org/)| [tx](https://blockchain.info/tx/bf4b8cdb8f11a347cede1eb121fa8fb4750d2827bd58cd69b2ddd4cdb07382cf) , [tx](https://blockchain.info/tx/bf51b214767b6d95dab4f0665cb9d3d7a332577a72f63b55f504fd895da885b8) ,[tx](https://blockchain.info/tx/3fbea4e956c296f311d08410b7ef06d3dd0d434187b2cc5877bf09610fd2f68d) , [tx](https://blockchain.info/tx/32f1e3ef6568148d2c2749965fa45d1444c5a8f8e9676df954ffd512b163004c) | +| [2](https://www.reddit.com/r/Bitcoin/comments/7h4cny/give_bitcoin_this_christmas_ill_start_with_25/)|[Khan Academy](https://www.khanacademy.org/)| awaiting deposit address | +| 3| [Give Directly](http://www.givedirectly.org)| [tx](https://blockchain.info/address/1KhQ2Vt43DeEp7mynDo3vwk3rKmC1agJya)| +| 4| [Andreas Antonopoulos](https://antonopoulos.com/)| [tx](https://blockchain.info/tx/2ad69f6513fea80ab3635344f56e98faea99adf05dcd9325d236e98b83b8e0f7)| +| 5| [MAPS](http://www.maps.org/)| [tx](https://blockchain.info/tx/71cfc5af49aa29cc16994c7f8d18fbf81ce46a70d36b1f547752b72eaf441593)| +| 6| TBD| | +&nbsp; + +Warning: Don't send to addresses I have without checking donation pages first. Some of those were temp wallets produced by their payment processor. + +AppHarvest good long-term investment or bust? I think $6 to $100 is range of valuation. Deep thoughts below. + +Is AppHarvest the anti-Monsanto? What is $APPH worth? Can company get to $10 billion valuation within 5 years. DISCLOSURE I OWN 20,000 of $APPHW which is warrants. + +Ever since AppHarvest was announced as a SPAC I got intrigued with not just the company but agtech or in this case vertical farming, to be more specific. I do think this is not a fad and a necessary way of life for the next 100 years. My only concern is if there really is a competitive advantage in regards to tech. Many claim to have good tech but none have proven this at scale with hundreds of millions pounds of a product being grown and distributed and more importantly profitable. + +I think there are major trends we need to consider and food resources has definitely been a major problem and will continue for decades. The Chinese have been securing food supply buying companies all over the world such as pork, beef and others. They own so many supply chains, raw material companies, ports, etc. + +Usually when you have a new sector (although not new in Europe as the dutch have been working on vertical greenhouse farming for decades). First is the growth and hype, then there is business reality (growth but growing losses and continued capital needs) and then there is consolidation from all the players that mismanaged their funds or made a poor strategic decisions. Then there is profitability or economies of scale from all the consolidation, more mature phase. + +Nevertheless, although there is some hype with Appharvest today I begin to think with my venture capital hat....what is the real value of this company today and how big can it really get over the next 5 years? Who are the best comps when compared to new agtech or pioneering (think beyond meat). + +If you read the article below you can see all of the future products that the company will be producing over the next 5 years. All they talk about today is tomatoes and leafy greens but they will also do fruits, other veggies and something that is not even mentioned is cannabis. This is because Kentucky has not legalized it but when they do I am sure the company would be the first to get the license. + +https://www.fooddive.com/news/can-giant-greenhouses-help-feed-consumers-appharvest-wants-to-find-out/553570/ + +This article explains all the potential products and services too. + +https://www.verticalfarming.com/food-crops/ + +The company claims that their farming does about 30x better yield than a convention farm but when I looked at conventional farm yield and those from vertical farms in Netherlands they claim to do more than even well established vertical farms that do about 7x traditional farms. If they do 30x the rate of a regular farm then I believe the revenue estimates provided by the company to actually be conservative. + +Below is what I believe the company can do in revenues. + +2021 revenues is $25 to $40 million +2022 revenues is $60mm to $100mm +2023 revenues is $150 to $200mm +2024 revenues is $250 to $350mm +2025 is $400mm or more + +If you look at beyond meat historical valuation they traded at 10x to 20x revenues given their growth rate. That would imply the following valuation for AppHarvest. + +2021 would be $600 mm marketcap at 20x revenues given year 2 will be 300% growth. + +2022 would be $1 to $1.5 billion when using $75mm as revenue and 18x revenue. + +2023 would be $2.6 billion as it would be 15x revenue at $175mm in revenues. + +2024 would be $4.5 billion as it would be 15x $300mm in revenues. + +2025 would be $7.5 billion at 15x revenues and $500mm of revenues. + +There are so many variables as to what this valuation would be on a price per share basis because I do expect a debt or equity raise by 2022 or 2023, better 2022 as maybe terms would be better and not on desperate terms. + +It all depends how much cash flow they can generate but each farm costs about $1.5 to $2 million an acre and if they plan to add about 100 acres of land every year they need $150mm to $200mm a year to keep growing. Given the $465mm of cash they got from the SPAC is now $330mm after the $125mm purchase of their first farm. They basically have enough capital for 100 to 150 acres....this is where it gets interesting because what will the company do? My bet or educated guess is that the PR machine will kick into high gear for the next year. + +I do have concerns or questions such as: Will the growth and perhaps hype help them fund more growth? The company will not have enough operating Cash flow to build a 60 acre farm a year until the company reaches at least $300 to $400mm in revenues at the very least. So, that means that from today to that day they will need at least another $500mm to $1 billion in capital to keep growing and not be concerned with growth via cash flow. That means they will either need to do a few small raises or one really large one. + +So, what has to happen in order for the company to be able to generate more buzz than just selling tomatoes? The only thing I can think of is that the company starts producing products that are higher revenues and margin per acre and the only way I can see that is via cannabis or other medicinal products. You see, just like Amazon where people saw it as a book store in the 1990’s it is way different today. With AppHarvest it really can be the next Monsanto was taken private by Bayer at a pretty high multiple too. + +Today you are paying $1.3 billion enterprise value for the business of which all of the cash js going to go for salaries and land acquisition of farms (building and construction). + +So, what are shares worth? + +Well given enterprise to revenue multiples you could argue that trough valuation would be $6 to $10 and assuming no equity raise and the same share count by 2025 that would be $75 to $100 a share. With a current price of $17 dollars it could drop 50% or go up close to 500%. Although I believe they will need more capital probably they will keep raising $50mm to $100mm a year to keep growth momentum going. + +What are your thoughts on this? What am I missing from the story that is good or bad? +This post is not asking “what do you guys think AMC is gonna get to herp deep?” But more so, I’m seeking to understand how this fiasco is turning out. +So I’m fully aware of the theory retail investors have, to squeeze the market makers into hedging their sold options by buying back more shares, and for retail not to sell their shares, so market makers, in theory, don’t have an opportunity to cover their synthetic shorts they’ve had to make from selling puts. In theory, if enough people were to participate it seems plausible this thing could go on a rampage if no intervention occurred. + +Are the market makers actually losing control of this stock? Or are they able to stay delta neutral with relative ease and are laughing their way to the banks banks taking advantage of this insane premium. Anybody have a better understanding of what is actually going on? I’d post this to Amcstock, but that’s like asking conservatives what their opinion of joe Biden is, or /r/politics what they think of trump. +For long term holding (about 1-2y hold), this current market dip/downturn looks like a good opportunity to DCA downwards. Which stocks have you been buying and/or eyeing to buy in the very near future despite the known upcoming rate hikes? + +Personally I’m loading up on as much AMD and NVDA as possible (since I’m already heavy on AAPL, MSFT, etc). I’ve also been thinking about getting in on PayPal. But I’d be curious to hear what other people’s picks are. +Hey guys! + +I am a 38 year old and have more than I need monetarily. I have multiple businesses, philanthropic works, and won’t have to worry about money for the rest of my life- other than where to invest or what to do with it. + +I think that getting more grounded spiritually (I’m agnostic / atheist) and / or having someone to bounce ideas and give great third party advice would be a great thing in my life. + +Where would one go to seek people like this that would have experience with people that are of similar positions to myself? Has anyone had good / bad experiences going down this rabbit hole? + +Happy 4th and thank you for reading / responding! +**Context:** + +32, married, no kids (yet) - my wife and I both work in non-tech high-income industries (finance/consulting). We currently clear a little over $1mm in W2 income (very heavily weighted on year-end bonuses). Job also comes along with 'carried-interest' that theoretically should be worth on average \~$1mm a year, but is lumpy and theoretical until it hits (usually takes \~4-6 years to materialize). I am 'mid'-career - and probably on the 'earlier' side of the earnings curve - there is a reasonable chance for meaningful incremental earnings increase in the next \~5 years if I stay in the industry (e.g., multiple million dollars of carried interest per year). + +Current NW is \~$3mm (mostly accumulated in the last \~2-3-years post business school) - \~$1mm of that is liquid/semi-liquid (\~150k cash, rest is mostly taxable trading accounts and 401-Ks). \~$1mm of that is various private investments (e.g., co-invest in my funds, vested carried interest but not distributed yet), and another \~$1mm is a balance of home equity and some other hodge-podge of stuff (e.g., crypto). + +**Dilemma:** + +About a year ago, I along with two close friends (similar industries) came upon an interesting brick & mortar franchising concept. It's in the 'consumer-services' space - rapidly growing, unit-economics seem very favorable. Round numbers - each location requires a \~$1mm initial investment, and can generate \~$600k-1mm a year in revenue with \~20-25% EBITDA margins. We bought the rights for 3 locations and are in the process of building 2 of the locations. We're funding each with about \~20% equity, and the rest in SBA loans. + +If all goes to plan, in 3-years, we would have invested about \~$300k of equity for each partner in total, and we would have \~$2.5mm in SBA loans. I think the whole enterprise can generate \~$500k-$1mm of EBITDA if we do this right although I personally assume \~$500k for conservatism. + +**Question:** + +Here's my question for the group - and would love to hear from anyone with experience starting small businesses. My wife & my careers are a reasonably 'predictable' way to get into FF territory I think within a reasonable time-line (say, $10mm NW by 40) - of course assuming no one has health issues that takes us out of the work-force. + +We live well-below our means because we simply don't want for much - $1mm house in VHCOL area, drive a 12 year-old car, preferred eat-out places are Panera, Chipotle, and diners, a few vacations a year, a dog, and when we have kids they will be put into public school (we'll pay for college but that's... 20 years away at least). + +Our motivation for investing / helping build this small business on the side is two-fold: + +(i) Despite having a very high W2, it still doesn't feel like 'financial independence' (i.e., I can get laid-off or fired at any time and most of that W2 will dry up - I can certainly replace it, but fundamentally there is a lack of 'control'), and; + +(ii) I've always dreamed of doing something more 'tangible'. My day job is investing in large companies - I fundamentally enjoy the job. So helping build a small 'family/friend' owned business is something that gives me fulfillment. + +However, as we sign these large SBA loans and contribute an increasing amount of equity business, it does at times make me nervous - I spent my whole life building this nest-egg. 'Worst'-case scenario, in the future there is the possibility that in total I can wipe \~$1mm off of my nest-egg if this small business venture fails (\~$300k of equity I put in + my portion of the personal guarantee on the SBA loans). + +**Would love any perspectives - am I being 'reckless'? Is the 'risk'/'reward' reasonable here given my family's financial position / trajectory? How bad would it be if the 'worst'-case actually materializes (e.g., lose $1mm over a few years). Appreciate any thoughts!** +So after many months of beating around the bush, it was made clear by my wife of 5 years (as of this October) that I am solely responsible for our bad financial situation, and how irresponsible I am with my money/debt. For anyone who truly cares, I would provide some insight into our situation. + +Growing up, I never really thought too much about debt. I had a Southwestern Bell telephone that I let get charged off, and then my electric service, and cell phone, and etc. I was, and have always been carefree in regards to my debt. I always assumed that if I ignored it, that it would go away. Some of it has, others have not. When I met my wife, she had great credit. She was very proud of her credit score, and worked hard to get it to where it was. Eventually when we moved in together, she had to put everything in her name because I crapped all over my credit and had debt that prevented me from having the electric, phones, or water service in my name. She did it all, putting it in her name. Since the inception of our relationship, this has been pretty much status quo. When we got our new car, it was done in her name. She opened a couple of credit cards under her name, and we kind of got out of hand with them, maxing them out in a few months. Pretty much everything is in my wife's name. Now I fully accept that I am a piece of garbage. I have been taking advantage of the woman that I love, and allowing her to suffer the consequences. I know how much stress this is causing her, and I can't see her like that. I need to do my part, and make this right. + +Fast forward 10 years to today, and we have been married for 5 years. We have a 7 year old daughter, and we are struggling even more. We still have a lot of credit card debt, medical bills, and we are always paying our bills a month behind. Our car had some mechanical issues, and that put us back $500. When configuring our finances last nite, my wife finally hit a breaking point. She went over everything and noticed a trend. Every bill I have, I rip up and throw away. It's all about out of sight out of mind. No trouble if I don't see it. I have managed to ignore every financial responsibility that I have, like I don't care. But there's that underlying fear that I know something bad is brewing. I know there is trouble. People have gotten crapped on for a lot worse. I don't want it to get to that point. + + I am a delivery driver, and she is a social worker. She averages around $1100 every two weeks, and I average around $700-1000 every two weeks, the higher being if I obviously had a good two weeks of deliveries which is possible. Her checks come in on the 1st and 15th of every month, and her checks pretty much immediately go towards bills. Since I make cash when I work, we spend my money for casual things like eating out, shopping for groceries and household items, and other things we might need or want to go do. In an effort to try and resolve this, I mentioned the possibility of filing bankruptcy, and she became upset. It is not an option for her. She says it's stupid, and it hurts you worse than it helps you. She has always been good about paying what she owes, and takes pride in it. I wish I was like that. I NEED to be more like that. I HAVE to get that mentality if I want to save our marriage. As of tonight I began turning off things we can do without (Netflix, Hulu, etc). So far I have saved us $20 as of tonight in monthly costs. + +I am considering consulting a debt consolidation company in regards to getting myself back on track, but have absolutely no info about whether they are good or bad, and if they are rip offs and such. I took sometime this evening to reflect on my bad habits, and I know I have a problem. My mother is the exact same kind of person I am. When she gets money, it burns a whole in her pocket. My parents just recently filed for bankruptcy themselves. I can tell this has created a huge rift between my wife and I. I don't want to be another statistic. In all honesty, we don't fight or argue at all unless it's about money or bills. I want to become a better person financially and own up to my debt, get it paid and get my life financially out of the gutter. I want to have money in my own bank account so when we have car issues, I don't have to scramble and freak out about where I am going to get the money to fix it. I am 33 years old, my wife is 29, we need this to be fixed so we can begin saving our marriage, and prepare for our future. + +I am willing to provide any information I can to you guys in detail if you are genuinely interested in offering advice, or recommending anything I can do. + +A few things: + +We own a house (are actively paying a mortgage) +we own two vehicles (one is paid, other has 1 more year left of payments) +I have credit card debt that I have not paid in 6 months +We both have student loans that we are behind on, some of hers are under forbearance to allow us to pay other debt. +She has 3 credit cards with debt on it (Wal-mart Credit Card, Best Buy Credit Card, and CareCredit) +We have various medical bills in our names with outstanding debt +We are a month behind on most of our monthly bills (internet, water, electricity,) +We manage to pay our house and car payments on time every month, because they are the most important things and come out on the 1st and 15th when she is paid. + +EDIT #1: The amount of responses I awoke to were amazing. There are a lot of great people on this sub and I am overwhelmed with support. Thank you all so much. Now, for those asking, here is a breakdown of our monthly expenses (what we currently pay on AVERAGE). The credit card payments for $25.00 are minimum payments. + +* Mortgage: $556.50 +* Car: $275.00 +* Care Credit: $32.00 +* Water/Sewage-$70.00 +* Electric-$300 +* Best Buy CC- $25.00 +* Plaza Tire CC-$25.00 +* Internet-$45.00 +* Walmart CC-$25.00 +* Cell Phone-$73.37 +* Lunch Money for child at school-$40 +* ADT Security System-$40 +* Automobile Insurance-$100 +* (we did have Netflix and Hulu but I cancelled those last night saving us $20 a month) +* Gas- $200-$300 a month +* Groceries- $250-300 + +EDIT #2 I am beginning to compile all of our current debt. This may take a while! Please be patient! + +OUR DEBT + +* Plaza Tire- Total owed is $818.17 (INTEREST- Yearly 22.8%, Monthly 1.9%) +* Hospital Bill 1-$102.50 +* Hospital Bill 2- $92.07 +* Radiology Bill- $13.82 +* Credit Card 1- $412.12 +* Lab and Pathology Bill- $18.55 +* Wal-Mart CC- $1,474.49 (Interest rate-(9.0 apr, we got into a customer assistance program. It ends in October. they tell us they cannot tell us what it will go up to until the program ends. I don't know if I got a lazy worker, or if she was being honest) +* Surgery Bill- $285.30 +* Hospital Bill 3- $19.52 +* Imaging Bill (medical)- $78.63 +* Anesthesia Bill (medical)- $47.88 +* Medical Bill- $177.26 +* Best Buy CC- $650.29 +* My Student Loan Debt- $19,567.15 +* Her Student Loan Debt 1- $17,334.66 +* Her Student Loan Debt 2- $6642.26 +* Her Student Loan Debt 3- $26,958.27 +* Care Credit- $1,105.66 +* My old bank acct- $175.00 + +So far this is everything I have found, I feel like I am missing one, so I am still going through everything. If I do find anything else, I will update it. Thank you all again. + +* Edit 3: I would like to add that over the summer we paid $135 a week, every week for our daughter to be in daycare. That really hurt us when it came to paying the bills. I just wanted to add that for a perspective since it is no longer in our monthly expenses. + +* Edit 4: Added gas to my monthly expenses + +* Edit 5: Added groceries + +Edit 6: I am going to begin to add the interest percentages to our Credit Cards. I have to work at 5pm until 1am this morning. I will get as much updated as possible before then, and will continue when I am off work. Thanks again to everyone. + +* Edit 7: I finally got an answer on the interest rate on the Wal-Mart card. When the program we are currently on ends (9% APR) it will shoot up to 27% interest which is insanely high. + +* Edit 8: I made $111 in tips last night, and paid off the three smallest medical bills in her name, and paid our internet bill. I know it's insignificant, but I am stoked to make this lifestyle change. I also signed up for www.everydollar.com and www.undebt.it . Both are pretty confusing, but I am trying my best to understand the websites and how they work. I am on the right path, and can't wait to come back to you guys with more good news in the near future! Thank you to everyone who took the time to speak with me, negative and positive! +I’m just kidding about the exit liquidity, [but I have bought a $50,000 parcel and a bunch of EGYO](https://imgur.com/a/RQY1lZE) I’m not going to say what I think the share price can get to, but I try to only buy things that I think can go 100-200%. I have no sells up right now, but absolute open disclosure: if this stock were to suddenly move up to 25c, I would freehold my initial capital outlay. + +&nbsp; + +###TL;DR + +&nbsp; + +I think stock is good. More below. My caveat is that this is not a trend chasing stock, this is not a market moving stock, this is a slow investment thesis that I am hopeful is at the ground floor. If you read my whole spruik (which is long, I know) I’ll get into the nitty gritty of why I think it’s good. + +&nbsp; + +###FIRSTLY + +&nbsp; + +Anthony Francis Bambach started Bambach Cables in 1936. His father was a grape farmer and wine maker. His grandfather made some damn fine wine too. Anton Bambach came from Germany in 1823. This is an old Australian family. They’ve been around a while now. When Anton died at a ripe age of 73 years of dropsied heart disease, he left a wife, four sons and four daughters in a very comfortable circumstance. +&nbsp; +Anthony Francis Bambach, his grandson and the CEO of Bambach Cables and Wires Limited, died in 1995 but I posit his heritage is going to leave you in a [very comfortable circumstance as well](https://imgur.com/a/XVYanf0). + + +&nbsp; + + +#**BAMBACH WIRE AND CABLE** + + +It’s Australia's oldest wire and cable company. It even has a letter from an American Brigadier General in 1945 [thanking them for their wire during the war.](https://bambachcables.com.au/bambach-history/) It’s got history. Then it was bought up in 2012 by [Energy Technologies Limited](https://www.energytechnologies.com.au/), listed as EGY on the ASX and has trod along every since. EGY is a shell company that has pivoted from dud shit that didn’t work before to this new venture. They got some spruiks on their website and they own a few things but their entirety is essentially Bambach. + +[And here’s their cable catalogue if you would like to peruse.](https://bambachcables.com.au/wp-content/uploads/2019/05/715.pdf) + +&nbsp; + +###**COMPANY LOW DOWN** + +- It makes Cables and Wires. It already does that. It also already makes money, >9mil per annum and presumably rising as restrictions go down. It’s profitability has been in question, but less so after the latest capital raise but more on that in a minute. They reportedly have the orders and they’re expanding on the capacity to take more orders which exist in principle but are going to competitors of who are either worse/more expensive. [Here’s a chart showing what they’re capable of](https://imgur.com/a/wiX120B). +- It’s currently in that post credit raise doldrums where there’s no immediate and expected announcements +- [The credit raise will go into doing these things listed here. Let’s be real, you can read this. It’s just a click away.](https://www.asx.com.au/asxpdf/20210920/pdf/450npddk9ycw47.pdf). In real short: Company is thought to be profitable but burdened by various debt and constrained by capacity elements. It has raised $11,000,000 and can completely remove the debt, fund the capacity issues and move forward to a set-out strategic plan. It's a solid provider of wire solutions for a variety of big money industries and it has security clearances to move up the food chain. They’re aiming at $3.4million sales a month, circa $40million a year. Their MC is <$30million. +- The directors of the company have paid an approx. $1,324,762.45 into the $11,000,000 raising. Not just a good, solid portion of it but a couple of them have more than doubled their holdings in particular: [Matthew Driscoll](https://www.asx.com.au/asxpdf/20211018/pdf/451s5q0wh6lyrt.pdf) & [Anthony Smith](https://www.asx.com.au/asxpdf/20211018/pdf/451s69z8cy6z8y.pdf) + +- Someone or a cabal of sorts purchased $3,567,782.13 more shares [leaving them with 26.66% of the SOI](https://www.asx.com.au/asxpdf/20211018/pdf/451s602cw8c81j.pdf). They initially acquired approx. 40mil shares [in July, 2020 during a capital raising for approx. $3,400,000](https://www.asx.com.au/asxpdf/20200717/pdf/44km774x7lf9w9.pdf). Whoever this is they’ve placed nearly $7,000,000 of currency down for a holding that, at time of writing is around $7,985,260.36. Now, I posit the people who have these funds are approximately as smart as the rest of us but whoever they are you have to assume they have a plan because this stock has zero liquidity. + +- So I dug a little. Only a little, I don’t profess a huge amount of expertise here, but the announcement [detailing the allocation of these shares is here](https://www.asx.com.au/asxpdf/20200717/pdf/44km774x7lf9w9.pdf). Ultimately, despite the breakdown and distinction between where the shares were deposited between shareholders and institutional, they all ended up controlled by one entity, a middleman figure. This XPLORE Wealth company ended up posting the substantial holding over a year later, and doesn’t appear to have disposed of any in that time or if so, very minimally. Additionally, despite updating the substantial holding prior to the prospectus for the new capital raise, the company produced an odd shareholding for J.P Morgan. Ultimately I don’t know. This is all weird but it’s also a significant buy in. These are likely very sticky, as this entity has held for over a year despite any downsides with COVID-19 and negative sentiment prior to now, and has decided to invest a great deal more funds into this company on what is good, but not an overtly fantastic grift. What I’m saying is **people with funds far beyond the capacity of anyone likely to be reading this have inserted a lot more in and as I said: they gotta have a plan and you’d assume it’s more money. ** +- Industry establishing grants. [Sovereign Industrial Capability Priority Grant](https://www.asx.com.au/asxpdf/20210115/pdf/44rrlqdglwhms1.pdf) adding money to the coffers and some prestige. + +- [Their new factory looks utterly amazing on Google Maps](https://goo.gl/maps/1vFwHFbbcaoP1AXAA) and rudimentary measuring puts it at approx. 8645m^2 which feels big. + +- They’ve previously had tenders and I assume they are applying for more, but we can’t see that. I’ve been [searching here](https://www.tenders.gov.au/Search/KeywordSearch?keyword=bambach) to see if they pop up any time soon but there’s no actual talk about them chasing tenders. I would expect they would be though. 6 to 10 years ago they were acquiring tenders for excess $100,000 however. + + + + +&nbsp; + +###**ABOUT ME** + +&nbsp; + + +You may know me as the person who posted this very unpopular post about how I did the [absolute very best with the run for DW8](https://www.reddit.com/r/ASX_Bets/comments/msrovs/i_would_appreciate_it_if_everyone_could_keep_in/), likely far better than [anyone else on the market](https://i.imgur.com/3EHMGPL.jpg). You may also know me as the person who posted about [FRXO as it took off](https://www.reddit.com/r/ASX_Bets/comments/lb804i/big_time_flexiroam_frx_spruik_including/), where I likely did close to, if not, the [best there as well.](https://imgur.com/a/wk5n9Jj) + +I also spruiked NC6, and [IME](https://www.reddit.com/r/ASX_Bets/comments/mgvqhy/no_one_is_talking_about_imexhs_imeasx_yet_and_its/), and it rose to a high of approx. $2.4 and has dropped to some yearly lows now. I still hold all of it, and whilst I don’t consider it a success I’m happy to wait and hold for a while longer. + +[u/Fun_Understanding_21](https://www.reddit.com/user/Fun_Understanding_21) was running some numbers and I [came up twice in this list](https://www.reddit.com/r/ASX_Bets/comments/nju9ls/if_you_bought_rasx_bets_dd_stocks_and_sold_them/) with NC6 and FRXO. + +&nbsp; + +###**THE SPRUIK** + +&nbsp; + +The following is why I am excited about EGY and EGYO. + +&nbsp; + +- A super quiet hotcopper forum, twitter is dead. Very few people are talking about this stock and I think that’s a very good thing. Here is a [current screenshot from the 21st of October](https://imgur.com/a/jwg1qzJ), and I recommend going to look and see how many more eyes are on it after I’ve posted this. A great example is IME, here’s a [before](https://imgur.com/a/Okn8amJ) and then I wrote a [Reddit ASX spruik](https://www.reddit.com/r/ASX_Bets/comments/mgvqhy/no_one_is_talking_about_imexhs_imeasx_yet_and_its/) and all the views shot up which is a fantastic metric to be able to see. This stock has far less views than IME had at that stage. + +- A relatively low SOI of approx. 270mil, not the lowest but low. A market capitalisation that isn’t out of this world large and doesn’t represent all the potential growth. + +- Long term sticky holders are okay, but here’s something to mull over: If the SOI is 270mil, but we know about 100mil of that is very very sticky, then the SOI is more like 170mil. With the Company options there will be even less available, very approx. 13-14million outside of the stickily held. **FUN SIDE FACT** these guys [recently consolidate](https://www.asx.com.au/asxpdf/20190211/pdf/442jkdrpmjpg87.pdf) from an SOI of 350 million back down to 60 million and it’s getting up there again. Take from that as you will. + +- A relatively low market cap. ~$30mil isn’t as low as I would love but it’s certainly low now for a company able to pull in $9mil a year before operating costs. There’s more intricate financial mapping that people could do. I’m not going to do it. If you believe in market capitalisation, however, it’s worth about it’s infrastructure plus chutzpah. + +- It hasn’t got the greatest chart but it’s a quiet chart, uncharged with emotion from people getting terribly stuck on big swings. It is not a chart to chase the trends with for sure but to me, the importance is that it’s very very quiet. + +- [Tightly held register as previously mentioned.](https://imgur.com/a/j2uYgQT) + +- It has 25,000,000 company options with a 20c exercise in October, 2024. About as long as you can get right now. Additionally, approx. 11,119,419 of those company options are held by directors and that holding company I mentioned previously so I would say they’re pretty sticky. Some recent success I’ve had with low SOI headed company options are [AKNO](https://imgur.com/a/kisdfV2), [STKOA](https://imgur.com/38yPRJL), [OKRO](https://imgur.com/a/R9C1HRH), [BRKOB](https://imgur.com/ovnWz7I), and more. There’s money in company options because people fundamentally do not understand how they work. + +- An increasingly better story every year. + +- Catalysts? Well, probably not many at this very moment. Maybe an announcement or two up it’s sleeves for when it completes certain aspects of it’s strategic plan. But a couple material tenders or more and with some eyes on it, this company should be worth a lot more in a hurry. + +&nbsp; + +Let me finish on a fun dream from a Hotcopper rumour with some guy guessing and dropping a “they’re gonna be working on the new submarines”. I assume the ones that started an international incident with the French. Be pretty cool. That’s a long way off and clearly not true right now but here’s a snippet from the 2019 Annual Report: + +["Recently The Naval Group endorsed Bambach as a manufacturer of cable to support its contract to build submarines for the Australian Navy and Bambach is actively quoting on supply for both the Frigate and Patrol Boat programs."](https://www.asx.com.au/asxpdf/20190927/pdf/448yy0xd5wz2w7.pdf) +* Virginia has just successfully voted to fully legalize cannabis, bringing the US closer to federal legalisation. +* TGA legalized CBD oil purchases with no prescription +* **LGP** exports first commercial shipment to Germany, joining only a small group of suppliers who can ship cannabis into Germany. +* US Senate leaders held a meeting to formulate 2021 federal legalisation plan +* **LGP** wins bid to become national supplier for French government clinical trials +* **THC** to hold meeting towards end of February to discuss rebrand to "Epsilon Healthcare" +* **THC** to launch Uno in early 2021 which will comprise vapes and other medicine forms, Uno branded THC and CBD vape liquids to launch later this year and also be exported to NZ, Canada and Europe +* **LGP** requested trading halt as of Friday, for both a material commercial announcement and upcoming Capital Raise +* **CAN** requested trading halt as of Friday, related to an investigation the company is undertaking. +Look I'm not into eating my shorts or body hair (some of you guys need mental health checks) and buying Pizza for members seems a little easy. I'll ride my bike 1km for every cent of this stock on close 1st of October, ie, if the stock is $2 at close then that's a 200km ride. +Picture this, it’s a Tuesday in the life of a crunchy nut, he wants more. He is at work; he isn’t saving any lives, he isn’t gaining any traction. So what does he do? Decides to do some research for the first time on so called “stock markets”. + +Battery day, battery day, battery day. + +Elon musk, a man who visited Australia to fix our solar problem literally on a bet. + +“Get a 100 megawatt system up and running in 100 days” + +As this is a casino, NOT only will I bet a 1 year ban from asx bets , I will put the remains of my dxb shares into any penny stock holdings of the BRN great, Melvin Butters. + +What I bet is the the underdog AVZ will get an honourable mention for the outlook of Tesla. This means Tesla will be using AVZ a lithium supplier. + +Why do I think this ? Great question autists. +Fuck real research of numbers, you don’t win the Super Bowl with numbers, you win it from taking a risk and playing to your strengths. +Mine, is talking shit. + +A lack of lithium is coming from current suppliers and with the new factory opening up in Texas , they need more. During Elon’s time in Australia, he worked with a board member from avz partnering on the supply and ongoing support for the batteries. + +Looking closer toward avz, their website is created by a company called “gigawot” (Coincidence????) which is also the SAME company who upgraded Tesla’s website . 🤷‍♀️ + +Again, let’s start acting like a casino. + +Avz will get mention for Tesla’s battery day +If not, I will take a year ban and become an aus finance pleb AND I will put my dxb shares any penny stocks suggested by Melvin butters. + +Oh yeah, AVZ just put another 15 mill into it’s own lithium project yesterday. + +OH, DYOR ya fucking idiots.... +Rolled 3x 9/10 190c into 9/27 200c today and got paid a decent amount to do it. Im 40 points over cost basis now so its a can't lose trade. God Bless high IV stocks. +Since I've never sold options in a bear market, I was curious if running the wheel for instance was still a viable strategy. In the past I've always kept my blue chip stocks and moved the rest to cash, my thinking being to protect my capitol. + +Do thetagang strategies work in a bear market? + +What changes do you make in this situation? + +Do you diversify the number of stocks you target, and/or do longer/shorter DTE? + +Not saying we are in or will be in this situation soon. Just want to be prepared for when the Market is. +Just realized credit spreads and debit spreads have theoretically the same profit/risk ratio, but in practice may differ. + +As you all know, there exists a spread between the bid and ask price, which means you have to eat this spread whenever you open up an options spread. + +Now, because credit spreads can either expire worthless in which case you earn profit, you dont have to close them again which equals less transactions, less times you have to eat the spread, and less commissions you have to pay. If they expire ITM in which case you’re at a loss, you have to close them again, but you wouldn’t have opened them in the first case if you were expecting a loss. + +Debit spreads on the other hand require them to expire ITM, in which case you profit and in which case you have to close them again. This incurs the aforementioned costs which were previously evaded. If they expire OTM ditto. + +Am i missing something here, and are there any other parity strategies out there which should be preferred over the other? +Hey gang, + +I'm starting to dabble in credit spreads and am wondering if there's a general consensus in terms of the width of the spread vs just writing more spreads, excluding commission fees? Though obviously theres no one truth, it seems like most people agree that you should aim for 30 delta, 30-45 DTE etc. Is that the case for credit spreads? + +If I were to sell a 50 cents width spread then I can buy twice as many than say a dollar width spread with the same amount of collateral. There's also less space for the stock to travel before the long leg kicks in, so it seems safer. Is that a flawed way of thinking? Let's assume they're all generally around the same amount of credit yielded. + +4 x 0.50 width credit spread + +vs + +2 x 1.00 width credit spread + +vs + +1 x 2.00 credit spread +I go back and forth between which I like more. Getting paid for having cash or getting paid to sell at a profit? Tough to decide, but the premiums seem a little juicier on the CC side. Plus the dividends. Thanks to this whole sub for showing me the way. +If stock betting tests your ability to predict price movement, option betting is your ability to predict price movement AND IV. When betting on a stock you look at fundamentals and all that jazz, but with trading options it's very much about how well you can predict volatility ebbs and flows. How does one develop this skill? Do most people use external catalysts (ER, media hype, SEC filings, announcements) to trade options? +/u/Calevolear + +I started running this on TNA on 8/13, the first one I did was 45 dte but then I moved to weeklies + +TNA on 8/13 = 87.16 + +TNA today = 95.55 + +So if I had just borrowed 1k on margin at 5% annually I would have made 9.6% over 3 months or $96/1k borrowed and paid 1k * 0.05/4 = $12.50/1k borrowed + +This works out too $83.5/1k or on a calendar daily basis $1.12/day/1k margin + +The strategy I've been using adapted from /u/Calevolear is: +* sell ATM put +* roll down when > 25% profit (and next strike has greater extrinsic) +* hold the strike when it falls and re-establish the same strike weekly + +With this strategy I averaged $3.69/day/1k margin + +Let's look at some specific time periods: +TNA started off with a run up going from 87.16 to 95.22 in 20 calendar days. Over this period, this wouldve given a $4.50/day/1k margin of just buy and hold +This strategy instead brought in $6.69/day/1k margin in the run up period + +Then TNA dropped, I held my strike at 95 weekly rolling it over + +TNA went from 95.22 to 85.60 over the next 29 calendar days, over this period I wouldve made -$3.47/day/1k margin on buy and hold +The strategy instead performed at -$1.21/day/1k margin over the draw down period + +TNA then had another run up from 85.60 to 95.5 (today) over the next 25 calendar days, in this period buy and hold wouldve made $4.62/day/1k margin +The strategy instead performed at $5.91/day/1k margin + +Now looking from peak to peak for an almost perfectly flat period in the stock: +* 9/1 TNA @ 95.22 +* 10/25 TNA @ 95.5 +* over this period youre essentially flat buy and hold (plus paying interest) +* over this flat period the strategy returned $1.81/day/1k margin + +And there was one week where TNA was flat start to finish: +* 9/17 TNA @ 87.33 +* 9/23 TNA @ 87.54 +* holding period return (HPR) of underlying = 0.24% +* HPR of strategy = 1.27% + +Taking the geometric product of my HPRs for the strategy vs the underlying: +* underlying total return = 9.56% (this is just 95.5/87.16) +* strategy total return = 19.7% + +I am also running this on TQQQ but I wanted to show TNA because I just completed a full 'round trip' from laddering my strike down, to holding that strike through a draw down, to again laddering my strike down + +TQQQ hasnt fully recovered but at a high level the strategy has a return of 0.7% vs a buy and hold on TQQQ of -2.5%, but this doesnt factor the current put i have open which has a huge gain so I can provide an update on Thursday or Friday (unless TQQQ hits 150 before then!)