diff --git "a/reddit_finance_43_250k_411.txt" "b/reddit_finance_43_250k_411.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_411.txt" @@ -0,0 +1,10000 @@ +Worked as a post-doc on an exciting project with good potential to become a spin-off company + +Still lived with a roommate (then later SO). No major lifestyle changes but a little more wiggle room in the budget. Started buying things of higher quality, but only when I needed them, not just wanted them. + +* 2012- 2013, Salary ~80K (got promoted in the same lab) + ~70K (got married), paid ~$3-5k/month + +I became the project manager of my team and got married. We ramped up the loan payments and started contributing appropriately to retirement. + +We didn't change anything major about our lifestyle. We didn't redecorate. Didn't buy another car. Didn't move into a bigger apartment. Didn't buy anything we didn't actually need. A non-negligible fraction of my clothes still come from used clothing stores because they're cheap and functional! + +We both bus commute so that Hyundai is 10 years old with 40K miles on it. It will last another decade. + +We did give ourselves more wiggle room for entertainment, self-care, and purchasing things we need of higher quality. Spending a few hundred a month on things we didn't need, but enjoyed, still fit in our debt payment goals. + +* Today, after cost of living and merit raises and bonuses we're currently pulling in ~180k together. + +We're starting to save for a house now and have some stock options to give us a head start. Now we're saving that 4-5K a month for the house. + +**Lessons Learned** + +* At 17 the adults in my life said "go to a good school, get a useful degree, and you'll get a job". That's a lie! + +* They said "student loans aren't a big deal! you're getting so much aid!" That's a lie! + +* I should have gotten more internships in college and focused on networking to get that first job. I did a lot of lab research instead which made me a great candidate for the PhD, but not employable in an entry level engineering position. + +* I bought the cheapest new car I could find, but would have been fine financing a 1-2 year old car. I had NO experience in financing cars (my family had never done it) and made a mistake. It was still only a 14K car so not a giant mistake. + +* Don't let your lifestyle inflate with your income, until you're satisfied with your savings rate or debt payment rate. It's hard to go backward. If you get comfortable living on less you can crush your debts! + +**On the Personal Side** + +I have been in debt since I was born. My parents were TERRIBLE with money. I was never homeless but my 'bedroom' was the living room couch for years. We all worked in the family business to help pay family bills as soon as we were useful and I spend many holidays and summers working when my friends were playing. The electricity got turned off several times and I was aware that we were always 2-3 months behind on rent. I have worked VERY hard to create a safer, more secure, and responsible life for myself. Next week is my 34th birthday and I'm currently 4 months pregnant with my first child. This baby will be born into a debt free life. With an e-fund, and retirement, and parents who are doing everything in their power to provide safety and security. I have changed my family's future! (with my husband's help of course) I'll continue learning from this community and improving our financial lives. Thank you! +6-month holiday is coming to an end in the midst of COVID (Bendigo may delay for another 3 months, which leads me to believe other banks will follow suit but still just delay the inevitable). Households on jobseeker and jobkeeper may not be able to afford their mortgages amidst falling property prices and fear selling driving them down further. Love to hear what you guys think! +Resigning from long term job. A payment for LSL as a lump sum is my only option and will take me into the 37c tax bracket. How can I avoid losing a chunk of this payment for LSL in tax? +Dear Fidelity and other brokerages that have benefited from the exodus of retail from robinhood, + +We appreciate you for not fucking us over during the mini squeeze or “foresqueeze” as I like to call it. As such, we have encouraged our friends and family to switch over to using your services. Undoubtedly, this has, and continues to be, a huge business boon for you. You deserve it. + +I believe I speak on behalf of many apes here when I ask that you give your mid/lower level employees and/or contractors a raise. They have to deal with us dumbasses and they are patient, kind, and helpful. They keep that boomerass equipment running and allow your blackberry app to pass as serviceable. They keep the offices clean and stocked with supplies. + +Please pass along some of the benefit that this community has brought upon you to the everyday folks that make your business possible, let alone successful. They deserve it. + +🚀🚀🚀💎🙌🏽🍌🦍🚀🚀🚀 +28 years of age and just started investing for the long term and loving the Red Sea we are in, great opportunity. Nonetheless, wanted to see if anyone would share 3 small things in this journey of investing long term. 1. Main stocks being held FOREVER? 2. What age did you start? 3. How often do you add to your portfolio? (I ask because I work a basic job and can’t afford to dump hundreds or thousands of dollars like some do, so curious to hear from others). Go for it! +Is there a good book you would recommend for someone without a financial background to read up on before reading the intelligent investor to get a better understanding of it? + +I intend to read both the intelligent investor and security analysis by Benjamin Graham. + +Thanks +Berkshire recently purchased a $4.4b stake in HP at roughly $34/share and I'd like to know why. Berkshire purchased shares of ticker symbol HPQ, not HP or HPE. + +&#x200B; + +HP's FCF is $5.8b for the ttm vs a market cap of about $36b when Berkshire purchased its shares. This means Either Warren, Todd or Ted purchased shares at a fcf yield of 16+%. This makes HP much cheaper than other large cap tech companies which are still trading in the stratosphere. The company's FCF between 2015 and 2020 has ranged between $3.8b and $2.8b. + +&#x200B; + +HP's FCF: + +[https://www.macrotrends.net/stocks/charts/HPQ/hp/free-cash-flow](https://www.macrotrends.net/stocks/charts/HPQ/hp/free-cash-flow) + +&#x200B; + +HP's revenue growth has basically been flat since 2015 but was up 12% in the TTM: [https://www.macrotrends.net/stocks/charts/HPQ/hp/revenue](https://www.macrotrends.net/stocks/charts/HPQ/hp/revenue) + +&#x200B; + +HP purchased Hyperx in 2021 for $425m. Type hyperx into your amazon store search bar to see that Hyperx sells keyboards, microphones, headphones and mice. This is an incredibly competitive market and I think that my razer stuff is better and cheaper than stuff I can buy from Hyperx. I'm going to guess that HP overpaid for this acquisition. + +&#x200B; + +The bear case against HP has been pretty strong. Basically, hardware sales has become a commoditized business thanks to Amazon. Companies generally compete based on price and drive margins down to zero. They are beholden to Amazon to have their products listed and don't have much pricing power. From reading HP's annual report, I don't see anything to indicate HP can meaningfully differentiate their products from competitors. + +&#x200B; + +This is a value investment. Berkshire probably purchased these shares because they yield over 15% FCF with a growing top line. This is similar to Berkshire's fairly recent verizon position which yields about 10% fcf at cost. I would prefer to own Verizon over HP because Verizon has more of a moat even though it is more expensive. + +&#x200B; + +I'm happy Berkshire purchased HP instead of other tech companies that produce basically no fcf like Netflix: + +[https://www.macrotrends.net/stocks/charts/NFLX/netflix/free-cash-flow](https://www.macrotrends.net/stocks/charts/NFLX/netflix/free-cash-flow) + +&#x200B; + +Or produce very little cash flow relative to their stretched valuation like Amazon, NVIDIA, Tesla + +[https://www.macrotrends.net/stocks/charts/AMZN/amazon/free-cash-flow](https://www.macrotrends.net/stocks/charts/AMZN/amazon/free-cash-flow) + +[https://www.macrotrends.net/stocks/charts/NVDA/nvidia/free-cash-flow](https://www.macrotrends.net/stocks/charts/NVDA/nvidia/free-cash-flow) + +[https://www.macrotrends.net/stocks/charts/TSLA/tesla/free-cash-flow](https://www.macrotrends.net/stocks/charts/TSLA/tesla/free-cash-flow) + +&#x200B; + +I think this investment is a dose of sanity in an upside-down investing world where people have stopped looking at how much money companies actually earn for shareholders. +28 years of age and just started investing for the long term and loving the Red Sea we are in, great opportunity. Nonetheless, wanted to see if anyone would share 3 small things in this journey of investing long term. 1. Main stocks being held FOREVER? 2. What age did you start? 3. How often do you add to your portfolio? (I ask because I work a basic job and can’t afford to dump hundreds or thousands of dollars like some do, so curious to hear from others). Go for it! +Currently has a market cap of roughly €3.5b. Down 40% ytd, 60% in 5 years and now back to 2008 levels. + +They are a French video game publisher which hold IPs such as Assassin's creed, just dance, tom clancy & far cry. + +They make roughly €2.5b in revenue, have €1.8b in equity inc €1.5b in cash. However, they also have €2b in total debt. + +They are also hardly profitable - TTM net income at -100m€. Average earnings around €50-100m. + +But with a PB of under 2, a strong resume of IP's, & still a small potential for an acquisition - at such a low valuation does anyone see an opportunity with this? + +My main concern is management. Majority owners also seem very much against the idea of a takeover. But really, how low can this go? + +If they can turn the company around (all it takes is 1 hit in the video gaming industry), this could be a good value play. What are your thoughts? +28 years of age and just started investing for the long term and loving the Red Sea we are in, great opportunity. Nonetheless, wanted to see if anyone would share 3 small things in this journey of investing long term. 1. Main stocks being held FOREVER? 2. What age did you start? 3. How often do you add to your portfolio? (I ask because I work a basic job and can’t afford to dump hundreds or thousands of dollars like some do, so curious to hear from others). Go for it! +&#x200B; + +$HOPE + +**Investment Thesis:** + +With the recent spike in the 10-year yields worrying some investors and multiple stimulus bills being passed, printing money quicker than ever before, there is a constant worry amongst investors about rising inflation. + +* To take advantage of this fact we need to find a stock/sector that outperforms the market when inflation rates rise. +* When inflation rises, regional banks enjoy an increase in their interest spread, this helps to increase the profit margins, which causes them to outperform the market during situations where inflation increases. +* My investment valuation and plan imply an upside of 35.99%, this will result in the price increasing from $15.66 (current price) to an estimated price of $21.29. + +**Company Overview:** + +Hope Bancorp provides banking services to small and medium sized businesses, as well as individuals in the United States. Hope Bancorp offers personal and business checking/savings accounts, money market, time deposits, and individual retirements accounts. + +Hope Bancorp offers the following commercial loan products: business loans, real estate loans, small business administrative loans, consumer loans (mortgage, auto, credit etc.), and personal loans. + +Hope Bancorp also offers trade financial services such as the issuance/negotiation of letters of credit, documentary collections, warehouse lines of credit, and commercial equipment lease financing. + +Hope Bancorp also offers cash management services, which include remote deposit capture, investing/asset management, mobile banking, debit card, foreign exchange, safety deposit boxes, and many more. + +Hope Bancorp has 58 branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, and Alabama. Furthermore, Hope Bancorp has SBA loan offices in Seattle, Denver, Dallas, Atlanta, Portland, Oregon, New York, California, and Houston. + +**Investment Information:** + +*Macroeconomic Outlook:* + +With the recent spike in the 10-year yields worrying some investors and multiple stimulus bills being passed, printing money quicker than ever before, there is a constant worry amongst investors about rising inflation. + +However, when inflation rises there are certain sectors that outperform the market, one of these sectors being regional banks. This is largely due to the fact that when interest rates are up, these banks can charge more interest on the loans that they give out, and their interest spread increases, having a positive effect on their margins. This is especially important for regional banking stocks as increasing interest rates tend to help the regional banks more so than the large/diversified banks. + +I am not a time traveller (I know it might be hard to believe), however interest rates are bound to increase back to their usual levels at around 2-2.5%, which would imply an increase of 23.15-53.94% (from the current yield of 1.62%). I do not know when the rates will recover to this benchmark (because once again I am no time traveller) but it is bound to happen eventually (likely in the next couple of years. + +So, finding a high quality, and undervalued (both in terms of cash flows, and when comparing it to other banks) regional bank, will help you to achieve the best return when interest rates return to their natural levels. + +Source: + +[Regional Bank Stocks Rise as Bond Yields Climb - WSJ](https://www.wsj.com/articles/regional-bank-stocks-rise-as-bond-yields-climb-11614681000) + +*Financial Information:* + +* Net Interest income (before provision for credit losses) is up 2% QoQ, to $122.6M + * 3rd consecutive quarter of net interest income growth. +* Net income increased 54% QoQ to $43.7M +* Non-interest-bearing deposits increased 13% QoQ + * Record high level for Hope Bancorp +* Time Deposits increased 11% QoQ +* Credit losses continued to be very small + * $2.1M in credit losses (0.06% of loans receivable) +* Diversified mix of loans totalling $847M. + * 55% Commercial and Industrial (C&I) loans. + * 37% Commercial Real Estate (CRE) loans + * 8% consumer loans +* The average interest rate on their loans has increased by 5.2% QoQ + * Rates increased from 3.27% (Q4 2020) to 3.44% (Q1 2021) +* Non-interest income decreased by 22.8% QoQ + * This is due to fees they paid on swaps, and a decrease in deposit service fees from check cashing. +* Net gain on the sale of mortgage loans increased by 31.25% QoQ. +* Hope Bancorps deposit costs have decreased by 73.13% YoY + * 34% (Q1 2020) to 0.36% (Q1 2021) + * This should help to increase Hope Bancorp’s margins +* Hope Bancorp has a strong liquidity position of approximately $5B + +Some of the most important information from this section is their net income increasing by 54% QoQ, the average interest rate on their loans increasing by 5.2% QoQ, their net gain on sale of mortgage loans increasing by 31.25% QoQ, and their deposit costs decreasing 73.13% YoY. These are all very important because they contribute to larger revenues and better profit margins. These factors will all contribute to making Hope Bancorp’s earnings report better and entice more investors into opening positions in their company. Furthermore, if Hope Bancorp is able to maintain these trends, then it is very likely that my DCF will be understating the fair value of $HOPE. + +*Company Information:* + +* Hope Bancorp has set out a near-term outlook which consists of: + * Loan growth (forecasting a 5-9% growth rate). + * Gain-on-sale Income. + * Decrease Noninterest Expenses (improve their cost management). + * Increasing their net interest margin by further decreasing deposit costs. + * Lower their provision for credit losses to enhance profitability + * Maintain sound management of credit, capital, and liquidity. + +*Valuation Information:* + +*WACC:* + +I found Hope Bancorp’s WACC through a website called finbox in which they showed their calculations and how they arrived at their figure. They arrived at a WACC of 8.75%. + +*CAGR:* + +In order to find the CAGR I calculated Hope Bancorp’s average EBIT growth rate over the past 2 years, which turned out to be 11.97%. Then I found a CAGR on a website called Tracktak, which they calculated to be 10.13%. However, there is a small discrepancy between these numbers, so I averaged the two figures to arrive at a CAGR of 11.05% for my DCF model. + +*Interest Expense Growth Rate:* + +When looking at Hope Bancorp’s financials I noticed that their interest expense figures were very volatile but generally fell between the same range of numbers, so I decided to take their average interest expense over the past 10 years and took it as a constant (no increase or decrease). + +*Tax Rate:* + +I was able to find Hope Bancorp’s effective annual take rate in their most recent 10-K filing. They reported their tax rate to be 21.60%. + +**Investment Valuation and Plan:** + +*Valuation:* + +In order to value Hope Bancorp ($HOPE), I performed both a DCF analysis and a comparable analysis. + +*DCF:* + +In order to come to a fair value through a DCF model, I used the information found in the “Valuation information” section. The DCF model that I conducted shows an implied upside of 35.99%, which would translate to a share price of $21.29. This upside is quite reasonable, however in order to validate this estimate I underwent a comparable analysis to see if there was any correlation. + +*Comparable:* + +The Comparable analyses that I decided to undergo include P/B, P/S, and P/E. The main comparable that I was looking at was their P/B. This is because in banks and insurance companies, most of their value sits in their book value. This multiple gives analysts the best price estimates for these types of companies. I also decided to do the P/E and P/S to give me more context as the EV multiples were not available for many regional banks. + +P/B: + +Based off of the P/B comparable, the estimated fair value of Hope Bancorp is $24.18, which implies an upside of 54.41%. This is a bit more bullish than the DCF model, however they are relatively consistent, and both confirm that $HOPE is indeed undervalued. + +P/S: + +Based off of my P/S comparable, the fair value of $HOPE is $20.44, which implies an upside of 30.52%. This is a bit close (and less bullish) than the DCF model, however once again it confirms the value in a stock like $HOPE. + +P/E: + +The P/E multiple is quite standard for investment analysts to use, with that being said my P/E comparable estimated an implied upside of 24.39% or a price per share of $19.48. Once again this is somewhat consistent with the DCF model and the other comparable. + +Average Comparable: + +The average price estimate from the 3 comparable analyses is $21.37 which implies an upside of 36.46%, this is within 8 cents of the DCF model. This is very good for me as an analyst to see because it shows consistencies in valuation which helps me to have conviction in the valuation and investment. + +*Plan:* + +Any entrance into a position in $HOPE under $17 will help you to limit the downside risk, while leaving enough potential upside for the investment to make sense and be worth your time and money. + +I would sell my whole position once the price reaches the $21.29 level achieved in the DCF. + +This plan (assuming you buy at the current price of $15.66) implies an upside of 35.99%. + +**Catalysts:** + +* Increases in the inflation rate and 10-year yield + * These increases will increase the share prices whenever there is a sizeable jump, and it will increase slowly as these rates increase slowly back to their usual percentages. +* Meeting their near-term goals (should be reported in quarterly reports or investor presentations) + * This will reflect higher growth rates and bigger profit margins which can help investors see the value in this company. + +**Risks:** + +* If the inflation rate and 10-year yield stay relatively near where they are now. + + * This is very unlikely, but nothing is impossible, so I am not discounting this possibility + * This will keep the stock where it is or even decrease the price as investors might sell their positions (because they bought in with the expectation of increased inflation) + +**Portfolio Reasoning:** + +* This stock fits in perfectly with the portfolio idea/thesis + + * Undervalued + * Small-Cap + * Can take advantage of macroeconomic trends (ie. Increasing inflation) to accelerate share price growth. +* Helps to diversify this portfolio to mitigate risk. + + * I have one stock in the insurance sector, which is somewhat related to banking, however regional banks operate quite differently than diversified (big) banks. +* Counterbalances my portfolio + + * As inflation increases this stock will increase, however my previous stock addition ($MHO) will decrease as inflation increase. + + * This helps to further mitigate the risk and make this portfolio safer. + +Full analysis and discussion can be found [here](https://info.utradea.com/idea/60aacfbe9b12641993e49d6b) - with images/charts/DCF etc. + +For the latest investment ideas and insights check out [r/utradea](https://www.reddit.com/r/utradea/) or join the community [here](https://utradea.com/session/signup) +Looking to get some insight into this one. + +ATT&T (T) is trading at about $26.61 a share as of friday's close. they are paying a dividend of like $2.08, which equates to 7.82% yield according to yahoo finance. That seems like it kicks the pants off of a savings account. + +It's trading at a Price/Book ratio of about 1, so I don't see how the stock can fall much further? Or can it? + +Its earnings growth is slightly negative (-4% forecasted), and profit margins are low (less than 1%), But its current ratio is .7, although it does have a high debt/equity ratio of 115:1. + +Is the risk that if interest goes up the dividend will go down by an equivalent amount? Its currently at a P/E of 8, although with declining earnings I would consider it a 10 really, or maybe even a 12. Still, a 12 P/E company at book value that pays an 8% yield, what am I missing? + +Thank you +Hey you all, in the recent Buffet share-holder letter he states (when talking about BNSF) "*Your railroad had record earnings of $6 billion in 2021.* ***Here, it should be noted, we are talking about the*** +***old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation****. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull . . ..)*" +Can some one point out to me the metric he is referring to that he clearly prefers and why is this the case? Much Thanks! +I've just read about Gotham Funds, which all seem interesting. If I believe in value investing as a concept but don't want to take the time to do the in-depth analysis to pick my own stocks, what other funds/ETFs should I consider? +I have often heard of great investors identifying gems in the balance sheet such as under-funded pensions, real estate that is valued at cost, massive cash reserves that are going unnoticed, and various other things. I have heard about these concepts from various accounting books, and investing books. + +My question is do most of these individuals simply choose a particular company and just try to see if their balance sheet contains gems or do they have a sort of screener which makes them spot particular companies that might have gems. Are there companies that are better candidates for screening for undervalued gems in the balance sheet? I am assuming maybe if you know a company owns a lot of land or real estate buildings. I am also assuming these investors scout the newspapers for financial companies and keep up with the news. + +Do any of you know of any excellent resources that are dedicated to this and provide education on spotting these types of companies? +**This deserves its own post; Original comment by: /u/David_BoBavid** + +This is actually for impending MOASS obfuscation tactics. Master of MOASS strategy coming through. + +Have 1 of the interns just build accounts while the others operate the discouragement efforts. This will happen over time so the accounts look like they joined at the beginning of GME, or somewhere along the way. + +Artificially raise karma to meet sub requirements (Mods, REAL due dilligence: tighten up karma restrictions in a MOASS drill or actual MOASS). + +Move the accounts over to r/Superstonk in waves. + +Don't get all of them banned. Keep them sleeping until true MOASS. Keep them online at all times to provide a false sense of security in numbers. Apes' biggest weakness is pride. + +At live MOASS, throw away all accounts toward panicking the crowd. $300, $500, $800, $1,000, onward, FUD about the dip looks like it is the death of MOASS, too many paperhanders, see this news article, hey you could be a millionaire NOW if you take 50k a share and sell all, look at MY gain porn, etc, etc. + +You see where this is going? Some of those steps have been discussed already, but trust me, they'll need thousands of free, not bought off accounts to really scare the weakest of us as we MOASS. Follow the steps. Watch closely, and don't sell. EVER. If it goes over 10,000,000 or 20,000,000 a share, I will forgive you if you sell a few... + +Please don't be scared by my revealing what's behind the curtain. Be EMPOWERED. Apes together stronk. There will be many contrary voices, but the MOASS ending is a lie. You will be filthy rich when it is over for you. Don't let them off easy. Take what you are owed for years, decades, of back-breaking, depressing, soul-destroying mediocrity and servitude. + +BUY. HOLD. VOTE. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +After my last post, I had multiple people asking if I could take a deeper look into the renewable energy industry. Since I’m also very interested and I feel it will become a very important sector, I took the time to review it. First of all, let me explain why investing now is a good time. + +When you look at manufacturers, the biggest market cap is not even $5 billion. There is so much room for growth and there’s also a lot of competition. When you can point your finger at the best company, it might be the homerun for your portfolio in 10-15 years. Even if you don’t hit the right one, it’s still gonna be ok since the industry is only growing. To be clear, I only looked at manufacturers, not distributors. You won’t see any companies like NEE, DUK, BEP, etc. + +Secondly, you all know Trump doesn’t believe in environmentally issues, renewable energy and that sort of stuff. With elections coming up, investments might stay the same or they might go up drastically when the democrats win. Either way, the sector will continue to grow and you can’t really go bad with investing in it. + +Last argument, I feel like a lot of people don’t know the importance of solar energy yet. It goes beyond the industry, as it gets implemented more and more by other industries. It’s already a big item for giants like Google, Microsoft, Amazon,… to keep their cloud servers running for example. + +— — — — — — — — — — + +In this post, I will focus on solar energy the most, as it is the biggest and most important part of renewable energy. Based on market cap from the solar industry, we have 3 leaders and 7 others on a significant distance, but still able to get to the top for the next 5-10 years. From that top 10, RUN, SPWR and VSLR fall off based on financials. + +**ENPH** +Market leader on micro-inverters (the things that convert solar charge into electricity). Even their inverters get used by big competitors like SPWR. Investing more and more into energy storage. It’s focussing on the private market, which might be a short term problem, but their inverters are definitely their big win. Not only do they receive revenue from their own installations, but they have other companies using their products as well when installing other products, making ENPH techniques present in an enormous amount of solar installations. The financials are great, they have a decent amount of cash to get investing and they’re only profitable since last year, giving them a lot of room to grow. They’re bound to get number one position in solar tech and they didn’t even launch their best technology yet. + +**SEDG** +Great financials as well. Assets over double amount of liabilities, almost no long term debt and enough cash to get growing. Very big growth on revenue. They were planning to even double their production in 2020 and release some new products, but that’s gonna be delayed a bit. They are working with TSLA on batteries and charging stations. It all looks very positive, although I have to point out some people are calling SEDG ‘yesterday’s solution’. It might be up and keep growing a lot, but if you want the best 10 year investment, you should stick with ENPH. + +**FSLR** +Very inconsistent income, but a great balance sheet. Assets 3 times liabilities and loads of cash to get investing into the future. Their profit margins are pretty small though, in comparison to the industry. FSLR is the only company that works with utility companies to provide energy. To draw you a simple picture: if you get electric energy at home, it’s been delivered by utility companies and the energy itself is mostly created by FSLR. Over the past few years, utilities are losing market share because people are buying and setting up their own energy installations at home. Therefore utilities, and by extension FSLR, are losing market share. Because of the crisis, people will be less likely to install their own installations as unemployment numbers are rising. FSLR could be the better short term bet, but it’s hard to predict when it will turn around again and they will definitely lose long term. + +**JKS** +Very innovative techniques, one of the most efficient solar panels on the market. Therefore gaining a lot of advantage on their competitors, or ‘moat’ by Warren Buffett terms. If you feel like solar panels are the most important part of the industry, I would definitely suggest looking into JinkoSolar. They have a lot of cash to get investing, low on long term debt and I see them coming the closest to top 3 in the future. + +**CSIQ** +Looking for value, then this is the one. PEG ratio of only 0.19, the industrial average is 0.68. Have to point out as well that their growth rate isn’t that great and you might wait a long long time to get the gains going on this one. They also have a lawsuit running against them, claiming to steal Solaria’s patented module technology. + +**NOVA** +They might get hit hard by covid-19. Sunnova is a pretty young company, full on investing and expanding, thus having low cash reserves. They might need to be backed by bailout money, putting them even further behind the top 5 solar companies. When they get back in 1-2 years, I feel like the other companies will have too much of a head start. + +**AZRE** +They have experienced almost no impact from covid-19 as an Indian based company. Their projects have not been impacted and the plants are running full force. However there has been significant reduction in demand and they’ve been seeing delayed payments from customers. It operates like First Solar, selling energy to government utilities. Big profit margins as well, so they might get out of this crisis easily. That’s also the main reason why the stock didn’t drop that much. Growth will be limited, but a stable investment. + +— — — — — — — — — — + +Next, I’m gonna mention some other renewable energy resources. I took one of the best companies per industry as an example, but I’m not gonna go through those resources more deeply as I don’t believe in them. + +**VWDRY** +The wind energy industry is more inconsistent than solar energy, therefore not the most favorable kind of resource to invest in. It also doesn’t have real potential to expand to private use, but whoever wants to invest in it, I suggest VWDRY. It is the biggest company in the world in terms of wind power. Apart from having the most and biggest wind farms, they also offer their maintenance and knowledge to help optimizing other wind farm locations. Vestas also just signed a great contract with a Danish energy company for delivery in the upcoming next years. They have a lot of cash ready to invest and they also have decent value, so you can’t really go wrong with them. + +**REGI** +REGI produces and sells biofuels and renewable chemicals. It produces biomass-based diesel, using corn oil, used cooking oil and inedible animal fat amongst other things. The company might be in bad weather, as they are low on cash. They are operating in an investment needing industry, so it’s definitely not the right moment for a financial crisis like this. + +As you can see, I didn’t include nuclear energy companies. Nuclear energy is a green energy solution and definitely isn’t bad. However it’s not growing like solar and wind because it has a lot of negative feedback and image. There is more waste, it’s more expensive and therefore also less investments. It’s easy math, the more volume, the lower price. No one is investing in nuclear, so pricing can’t compete with other resources. + +— — — — — — — — — — + +For me, this research was surprising. I was expecting to find more small companies with breaking innovative techniques, but it seems like the ones at the top are predicted to stay there and increase distance. If anyone has some valuable information on small companies, definitely share them in this thread. + +To conclude, ENPH and SEDG are without a doubt the best investments right now. Depending on your timeline, you might want to sell SEDG in 5-10 years, while keeping ENPH for a lifetime. JKS is the higher risk, higher reward kinda bet here, with still decent coverage of risk. + +There are of course way more other renewable energy resources, but I don’t know enough about them. If I would start researching them, I might be working like a professional broker/investor and I decided that I’ve put enough energy into stock research the past weeks. Right now, I’m gonna enjoy the weather, work a bit in the garden and passively buy some shares this week with all that info I’ve gathered over the past few months. +Was working on essay in a coffee shop today and started talking with a guy who started trying to recruit me into some "mentorship" thing where these millionaires teach you how to make your money work for you instead of you working for money. + +When I asked him how they made money he told me that it wasn't his information to give out but that they could help me make a lot of money. When I pressed him, saying this program had to have a revenue stream he started telling me it was a non-traditional way of making money and I wouldn't understand without taking their classes. At which point I told him this sounds like an MLM and said I'm not interested. + +Look I don't care if you have little understanding of finance, revenue ultimately comes down to selling x product or providing x service. There is no such thing as a proprietary revenue stream. If someone refuses to explain how this will make money they are hiding something. +I have seen a lot of top calling in the last week or a lot of reference to the fact that the market will definitely top after OPEX this week. Maybe it does, maybe it doesn't. But FWIW, here is what I am seeing...figured I would share what I can see. + +Below is a screen shot of the entire options market Top 50 by premium at the end of the day. Do you see any red (which would denote puts controlled tickers)? Nope...just some neutral tickers at best. + +[Top 50 Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/pgc37isvzet61.png?width=1906&format=png&auto=webp&s=2da0f7a9bfc982767e8e0369a448561b0477d1ee) + +Now look at just Index ETFs...ok...a little more neutral...with SPY the overwhelming premium on the day by size. + +[Top 50 ETFs Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/qfgtx2730ft61.png?width=1906&format=png&auto=webp&s=3037edb27a9722a0691e81e72820d4a7dc353387) + +Now what about the Top 50 individual stocks by premium on the day (and remember that Indexes are just baskets of individual stocks)...what do they look like? Ummm...not one put driven ticker... + +[Top 50 Stocks Option By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/tmz3yk3a0ft61.png?width=1906&format=png&auto=webp&s=02430466dc375227d6eb7d52f81b67fc83565d1b) + +How about Momo stocks? ...looks like all calls all day + +[Top 50 Momentum Stock Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/e7aniwst0ft61.png?width=1906&format=png&auto=webp&s=6b203010ba2937a653f60ba705443eeb14838f86) + +Small caps? Diamond hands here... + +[Top 50 Small Caps\/IWM Index Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/h8f8n76y0ft61.png?width=1906&format=png&auto=webp&s=28e2dbdd7d8b5ff7f607315d667d40a8514fb5b7) + +FAANGs? ...nothing to see here either...all calls all day + +[FAANGs](https://preview.redd.it/a7u8cos31ft61.png?width=1906&format=png&auto=webp&s=eed1c6f0bd82c8c1de97956f0d220dedc8673a76) + +Even digging into Amazon ... what about inside it by strike and premium that are the largest on the day? NOPE...all calls for the most part + +[Top 50 Strikes inside AMAZON by premium ](https://preview.redd.it/4ahhlaw51ft61.png?width=1906&format=png&auto=webp&s=9edf0ee0f7511b46bd6da506426365ccbd3e364a) + +Semiconductors? Nope...nothing here but calls either... + +[Entire Semiconductor sector](https://preview.redd.it/efo05x1g1ft61.png?width=1906&format=png&auto=webp&s=d24126c7b0480b3939d274cb12190584c8413e87) + +So effectively unless I am missing something...most of the largest and most liquid names in the market are in continuing to be dominated by call buying right now. But let's just check one more thing before we call it a day - the actual $VIX (not the proxy ETNs)...maybe there is something there... + +NOPE. Looks like over $116m in premium changed hands with put buying (short vol) still in control. + +[The entire VIX index \(the major VIX index\) By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/h0jjjkv32ft61.png?width=1906&format=png&auto=webp&s=2def95132518a7535b4cf1c1f631fa22fe3991f5) + +Unless/until the above starts to look a little different, its very hard to entertain any kind of top even beginning to form. Things can change in an instant in life, but ultimately, the current options positioning at the end of the day is just not showing us anything like a top. + +If/when I see something change...I will definitely share...until then unless you see volatility shift, the markets will keep selling what has just run to buy what has just sold off - rinse and repeat. +The mods may just delete this one but here goes: + +I’m a school teacher and just pondering what all the possible motivations there are for learning about the market. Is it because you were good in math? Want to learn how the world works? Just want to make more money? +https://agora.terra.money/t/terra-ecosystem-revival-plan/8701 + +So finally he broke the silence and he proposed in a forum discussion about his “recovery plan”. + +I am already highly skeptical with the blockchain being salvageable, but looking at this proposal it is very underwhelming. + +My opinions on this : + +1. The proposal assumes that luna and UST still has value. + +2. There doesn’t seem to be any actual fix to the protocol, this is basically just resetting the chain to a more convenient state. + +3. No mention on how to fix UST. I mean he said to push the fix later, but the counter argument is that the dynamics UST with LUNA is what defines terra, without that terra is just a PoS like avax or Polygon. + +Opinions? +Jim Chanos went on [Bloomberg this morning](http://www.bloomberg.com/news/videos/2015-10-12/jim-chanos-explains-his-short-of-tesla-solarcity) and was critical of Tesla and SolarCity. + +I mean there are plenty of reasons to think these two companies are overvalued, but he was either lying or he had no idea what he was talking about in this interview. + +He said SolarCity's rate is 17 cents per kWh, while it's 15 cents. He compared the company to a subprime business based on what could be made up bonds? + +On Tesla Motors, he based is whole argument on a one month delivery estimate in a single market and that BMW will offer pug-in hybrids for each series in 10 years? + +Here's a complete debunking of his interview: [Billionaire hedge fund manager goes after Tesla and SolarCity, but can’t get his facts straight](http://electrek.co/2015/10/12/billionaire-hedge-fund-manager-goes-after-tesla-and-solarcity-but-cant-get-his-facts-straight/) + +What's the deal? Also why did he refused to disclose if he has a position on Tesla? + First time land-lording, so go easy on me :)  + +The area my property is in has coin-op laundry in the basements which seems to be common on other similarly rented properties in the area. I would deem the neighborhood a B class neighborhood.  + +I would like to attract a more reliable and higher caliber clientele and was planning on providing laundry units in each of the units. The electricity would be paid by the tenant, but the water costs will be borne by me, the landlord since the water meter is not split. Only the electric and gas are split. My realtor said to use coin-op so as to recoup the water cost.  + + +When i think of it from my perspective, I would never rent a unit with coin op because I want to be able to wash laundry in my own home whenever I want without having to scavenge for quarters and take them down to the basement every time I wash my clothes. There may be times I only want to wash a small load and not have to wait to fully load my laundry in order to get the most for the coins I'm using.  + +Am i being delusional in thinking I can attract a class A type tenant to my property by providing non-coin operated in-unit laundry? If I do that, could I simply add a disclaimer to the lease stating that if the water bill goes above a certain amount that the tenant agrees to pay the difference? That way I can safeguard myself? + +What are your thoughts/advice? + +Thank You +The title of this post is a bit of a loaded question, so let me expand: Over the past few months, I've spent as much of my free time as possible learning about real estate investing. Last week, I went to a real estate investors group and really hit it off with an agent. We agreed to work together, and given my criteria (multi-family BRRRR), it will be difficult to find good deals on the MLS. I took his word on this, and he said he will check with his contacts in wholesaling, etc. to see what is floating around. + +Given that he will be bringing me off-market deals, is there any way to see what other deals might be available on the market? My thought process is that everything is relevant - how do I know that his off-market deals look good, when I don't know what other off-market deals in the general location look like? (ex. the types of deals another realtor might bring me) + +Obviously I can crunch the numbers on paper to see if the deal looks good based on REI metrics, but I want to see if these deals look good in comparison to other deals wholesalers, realtors, or others might be looking at. + +Is it normal to work with other realtors, wholesalers, etc to see what else is on the market, or is the relationship with your deal finder generally an exclusive thing? I am still trying to figure out what is the norm and what isn't. +For real estate investing, I've largely been employing the strategy of moving into a new house every year and renting out my previous residences. At this point, I am currently on my fifth property (all single family dwellings and condos) and am starting to think of a long-term plan for real estate. + +For anyone who has done this before, at what point did you stop house hacking and start paying down the mortgages on the properties? I understand that with a family in the future, there may be limitations to moving around so often. Also, since I live in a small city, house hacking leaves my net worth susceptible to whatever fluctuations there may be in the local real estate market. I don't really have other investments other than my real estate portfolio. + +My plan right now is to choose a target number: e.g. 1.6M and continue house hacking until the value of my portfolio (property value, not equity) is above that threshold. I'm currently at $850k. My rationale is that, with a 6.5% cap rate, this would give me a $100k/year income when they fully get paid off in 20-25 years. + +Am I thinking through this properly in terms of a long-term plan? Ultimately, I want to understand how everyone else used the house hacking strategy to build a portfolio and if you ever felt over-leveraged during that period of time. + +I appreciate your feedback. +So I'm pretty new to real estate, but looking to purchase my first rental. + +After searching a lot I've found a promising SFH that has an apartment behind it. The main house is currently being rented out. The lady who owns it is renting it to her daughter for probably 20% below what it would rent for under normal circumstances. The math still works for barely cash flow positive, even at a discounted rate and becomes very good cash flow with the apartment rented out too. + +The issue is that from my understanding the daughter is undergoing chemo treatment for cancer. I really do not want to be in a position where I have to choose between taking a loss because she can't pay or evicting a cancer patient. + +Is this a pretty bad idea for my first investment? +I'm interested in getting into real estate, including rehabbing houses. I'm curious what others have done to ensure they have surrounded themselves with the best, trustworthy professionals as part of their Network/team. By professional, I mean contractors, realtors, real estate attorneys, private money lenders, etc. +The first time it was an inner bathroom window, he says maybe a tree branch hit it or the wind? +There are no trees near this window and its an inside window? The outside one is unbroken + +The 2 just happened the other day we found most of the glass outside if the wind broke it wouldn't it push the glass inside? + +Anyways do I open a claims court or just replace and move on? +These tenants are moving out in July. + +For now, i just put some plexiglass but, the for long term I should replace properly. + +Edit: security deposits we're illegal here, so tenant will hopefully pay last month and will simply move out not paying for damage. +We are about to move around 30 miles away. I'm leaning towards renting because I want to continue to build equity, but I am concerned about the financial aspect of it. I estimate that we could rent it out for around 1200 dollars based on prices in the area. The monthly payment is 900$ (escrow and HOA included). We would also hire a property manager, so that would probably be another 12% or so. The ballpark estimate for monthly profit is around 100$, all of which I would put towards a maintenance fund. I guess I am just afraid that during the first year, something will go horribly wrong and we would have to fork out money from our personal emergency fund (currently at 15k, but we add to it every month). Could you guys provide any advice? Please let me know if there is more information that I can provide that would be helpful. Thank you! + +Edit: I should mention that if we sold right now, we would profit around 20k. +My father owns a lot thats roughly 7000 square feet \(0.16 acres\) in the downtown area of where I'm from. I'm looking to potentially knock down an old storage building and turn the property into a 2\-story, 16\-unit apartment complex. I've already met the local zoning ordinance manager at the property and there shouldn't be any problems in regards to the city allowing a complex at the location of that size. Apparently, based on the lot, I'm maxed out at 16 units. They wouldn't allow me to build any more. Just wanted to get others' input on these rough numbers and get some feedback: + +16\-unit Apartment Complex \(2 story: 8/8; 1\-bedroom, 1\-bathroom units\) + +625 square foot units x 16 units = 10,000 square feet + +Multiply by 1.05 to add common area \(i.e. hallways, entry, etc\) = 10500sq ft across 2 stories + +Total footprint = 5250 sq feet \(roughly 72ft by 72 ft\) + +Approximate Yearly Insurance Cost: $4000 \- \- \- \> $333/mo + +Estimated Yearly Property Taxes: $15,000 \- \- \- \> $1250/mo + +Trash Removal Monthly: $125/mo + +Snow Removal/Other Maintenance: $150/mo + +$675,000 Loan Over 20 years @5.75&#37; = $4740/mo + +Monthly Expenses Total: **$6848/mo** + +Monthly Rent: 575/mo per unit \- \- \- \> $9200/mo rental income + +Account for 5&#37; vacancy \- \- \- \> **$8740/mo rental income** + +**Monthly Profit: $1892** + +Tenants would pay gas/electric/water bills. I won't be hiring a property manager; I'm potentially partnering with a long\-time friend of mine to go into this avenue long term \(we're both 30\). My estimates on the insurance and property taxes are going to be very accurate... my sister owns a 14\-unit complex that is literally right next to this location and I know what she's paying. Her apartments were built approximately 15 years ago. + +My estimate of cost to construct would be $750,000. I'd plan on putting $75,000 down and getting a loan for $675,000. I wrote down 5.75&#37; as an interest rate, but I'm assuming I could do better than that\(?\). Again, rough numbers here. If it helps, the property is in central Michigan. $575/month rent for a 1\`\-bedroom place is the market rate around here \(or at least very close\). + +Any thoughts on any of the above would be helpful. I'm in the early stages and trying to learn as much as possible. Thanks. + +Update: + +Bad News: Based on early feedback, my construction estimate of 750k is likely low. $850-900k is probably more realistic. + +Good News: I based my rental income per unit estimate at $575/month based on currently available one bedroom apartments; most of which aren’t very nice. I could probably get $650 to $700/month in this area on newly constructed units. +With the current situation (COVID-19) and the current downtrend of our market, much speculation has come around the real estate market potentially crashing. Interest rates are very low right now, and it appears likely that there may be a multiple of foreclosures, loan defaulting, etc. which could result in a crash in a year or two especially since a cure or vaccine is unlikely till at-least a year. Is now a good time to sell? + +For context, market is Northern California, and house is 4500+ square feet, luxury housing + +Goal: to liquidate assets to upsize house in 2 years assuming market will crash - will the HOUSING market crash? +It seems like in 2022 the government will bring a new 62 percent tax rate for those who make more than 400k and live in places like New York City. Unfortunately or fortunately next year I will get a bunch of stock compensation that is all considered W2 income. I usually don’t make more than 1m a year but 2022 might be different because I finally get my stocks that I worked for a few years. + + +As a progressive person I don’t know how to feel about this. I will be paying more than 800k in taxes next year. + +How do you feel about all of this? +Most of you who have been paying attention to the NFT market will have heard of Flow, the blockchain for the best-selling NBA TopShots, or Terra Virtua, which has launched Pacific Rim, Top Gun and The Godfather NFTs. + +But I claim that it is an investment in Ecomi’s OMI tokens that will generate the best returns in the branded NFT space. Why? There are a few compelling reasons: + +1) Ecomi has secured the most licenses for branded digital collectibles. Comics? Check: Superman, Batman, The Joker, Harley Quinn, Ghostbusters. Video games? Check: Monster Hunter and Street Fighter. Cartoons? Check: Adventure Time, Powerpuff Girls, We Bare Bears. TV shows? Check: Star Trek and Ultraman. Hit movie franchises? Check: Jurassic Park, Fast and the Furious, Back to the Future. Sports? Check: NFL. So how did a virtually unknown company achieve this? Through their head of licensing Alfred Kahn, none other than the man who brought Pokémon to the world outside of Japan. + +2) Ecomi has an actual working product. Unlike the vast majority of crypto projects which are trading on promise alone, the team has kept their heads down and built Android and iOS apps where you can view and interact with your NFTs in AR, in their full 3D glory! Download the VeVe app from the Play Store / App Store and check it out for yourself. + +3) Ecomi has an extremely strong token model. 40% of the max supply of OMI is kept in an in-app reserve. Every time an NFT is bought on the VeVe app, the equivalent value of OMI tokens is removed from the reserve and burnt. The result is that, only a month after opening the VeVe app to the public, more than 1 billion OMI has been permanently taken out of circulation. In addition, 10% of revenues from new NFT sales goes towards buying back OMI from exchanges. This is the best tokenomics I’ve ever seen for any NFT project, bar none. + +4) OMI is still very undervalued. There is no project in crypto with with as big of mainstreams names that they have on their side. Certainly none below $200 million market cap. Meanwhile, OMI is languishing at a market cap of only around $70 million. + +But the price is not going to stay depressed for long, because of these upcoming catalysts. + +1) A big marketing push is coming in Q1. The team will start promoting to both crypto and mainstream audiences by announcing licenses and partnerships to raise the profile of the project and to introduce more users to the VeVe app. OMI will directly benefit as increased sales reduce the supply of tokens. + +2) OMI is getting 2 exchange listings in Q1, including Uniswap. This news was just announced a few days ago in a token update. OMI is currently only available through BitForex, so listing on Uniswap and another tier 1 or tier 2 centralized exchange will bring some much needed visibility. + +3) Interactive and animated NFTs are coming. The first animated NFT is the Ghostbusters’ Ghost Trap, which is dropping soon, most likely in the next 1-2 weeks. The team has also demoed 2 car NFTs, the DeLorean from the Back to the Future movies and Batman’s Batmobile. These have lights, sirens, openable doors, and are even driveable, which means you will be able to race with your friends in AR in the near future! + +Sources: +1) VeVe’s international licenses https://medium.com/ecomi/huge-international-licenses-announced-for-ve-ve-d84f747c96ce +2) Ecomi’s Alfred Kahn https://medium.com/ecomi/introducing-alfred-kahn-head-of-global-licensing-at-ecomi-a96eec674a3c +3) Tokenomics https://medium.com/ecomi/ve-ve-tokenomics-in-app-funds-and-token-buybacks-7ea8ac1a19c9 +4) Token updates https://medium.com/ecomi/q1-2021-token-updates-82c3bfa4f07a +5) Burn wallet https://explorer.gochain.io/addr/0xbBDA162f1E3EC2D4D9D99cafd0c14B03EC4E78d3?addr_tab=owned_tokens +&#x200B; + +So I just signed an offer on a small studio apartment in the Eastern suburbs of Melbourne. The first question I asked the agent before I even went to see the place was, is this student accom only? As most places around this area are. They answered via email "anyone can live in it". I'm not a student so can't live in it if I buy it which I've just agreed to do. I want to live in it. + +&#x200B; + +But the agent also told me that the current tenant is a student, who is on a month to month contract, the sale of contract has a vacant upon settlement part too. Then I found out today that the tenant is actually on a fixed lease until Feb 2023. Does that mean I have to honour the lease agreement? + +&#x200B; + +So now I'm not sure if I can trust the agent and I'm suddenly paranoid that this IS really student accom only! What else has the real estate agent potentially misled me on? + +&#x200B; + +I only signed the offer yesterday so I have a 3 day cooling off period in which to bail out. Any advice would be appreciated. + +&#x200B; + +&#x200B; + +**Update:** So today (Mon 4/7/22) I spoke to my conveyancer as many people suggested. She agreed with me that things felt very dodgy with the agent not being upfront about the tenant. She advised me against taking on a tenant, I agreed. She also was able to find out for me that this is NOT student-only accomodation, so at least that was correct. However with the tenant being on a lease until Feb, I would then have to ask them to vacate 60 days from then, giving me a move in date arounf April 2023. She also said it's pretty impossible to get them out any earlier. With all that, plus her advising me not to take on a tenant, she asked me if I wanted to continue or bail out within the 3 day cooling off. I took an hour to weigh things up and then went back to her to ask that we end the contract. She then sent this decision to the real estate agent. + +&#x200B; + +The agent called me immediately and tried to convince me that they could gaurantee the tenant would be out by settlement in Sept and to reconsider. They would offer them a few weeks rent-free to break lease and maybe move them to another apartment in the same building or something. I thought about it again for a bit and then called them back and said no, my decision still stands. I am now out of the contract. A part of me is a little sad/dissapointed, I was looking forward to finally owning my own home. But everytime I think about getting back into it/changing my mind again I'm like NOOOOOOOOO!!! I would've had anxiety about it everyday and whether the tenant would've been leaving or not and along with my conveyancers reccomendations to get out. So that's it, no more new home, but no more anxiety about the tenant situation either. + +&#x200B; + +Thanks to everyone who has commented, I didn't expect to get so much feedback! But it was all taken in and appreciated. This has been a HUGE learning experience for me! +Asking for a friend who is on around 75k for his full-time job and who hasn't fixed his home loan. This year he is getting squeezed given the rising costs of living, the rising mortgage repayments, and the fact his younger brother is sick. + +I feel terrible watching him work 6 days a week across 2-3 jobs. The poor guy loves what he does but is clearly close to burn out. Can't switch jobs willy nilly as he's still a grad and still getting trained up. + +Would it be a terrible idea to tell his boss "hey, I love working here but I can't really afford to?". See if the boss can/will help - said boss in question is rich asf. +Question for anyone with personal experience. My father has his own home (newish unit circa $350k) and approx $200k in term deposits. He is in his mid 80’s and gets a part pension. He has Alzheimer’s and he currently lives on his own (him and my mother divorced when I was around 15, he has never lived with any one else and is a loner) but I suspect for not too much longer. I am an only child and have Power of Attorney for him. I pay all his bills (with his money, I am a signatory to his account), he no longer drives, doesn’t really have any friendships etc but has such a simple life with the same routine every day that he seems ‘ok’ at home. I see him regularly and organise his doctors visits, help him get money out of the bank for him to buy his cigarettes etc and I take him out for lunches etc. He showers and feeds himself currently. When we went to hospital for a heart episode earlier this year I realised how bad his Alzheimer’s was, it was quite shocking and he was completely disoriented and disassociated with anything, he returned home and with the routine he became ‘ok’ again, however is getting worse with time which is expected. I don’t plan on making any changes at the moment unless he gets worse (only a matter of time though) and he has expressed concern about going to an old people’s home (I don’t want him to go either if I can help him, the stories aren’t necessarily great from family I have that work in the field). He has been approved for aged care though already with My Aged Care. A nurse comes to give him his medication daily from a locked box. +My questions: +1. Does anyone have any idea the approx costs for him going into aged care when the time comes? I am led to believe that he would be paying ‘something’ and the longer he lives the more I think they will take all his money/ assets. If I thought he was going to get excellent care I wouldn’t mind, my concern is he will get crap care (understaffed/ under resourced - not knocking aged care workers who do their best) and there will be nothing left at the end. +I’ll be upfront and say I am the sole beneficiary of his will. He also did not want to go to aged care when he was more lucid. I am a single parent with 2 teenagers almost out of high school. I work full time from home. +2. My intention was to have him live with me (eventually) until he gets really bad and I cannot cope where I suppose I would put him in care if I have no other option. I hope it does not come to that though. I believe that there is a 3 year period between him ‘gifting’ his assets and being put into care himself. Can I do that as his POA? Is there anything negative that I don’t know about that I should? +3. My thinking was to (if he lives with me) to maybe put his unit on Airbnb (I’d manage it) and put his term deposits to something else that earns more than sub-1%. At the moment he does not use this to live off and just reinvests the measly interest. Are there any pro’s or con’s to do this in his name vs in my name? +I am wanting to do the right thing by him, not rip him off and look after him but I would be lying if there were also not financial considerations. He won’t get better from his dementia, but could foreseeably live many more years potentially and continue to deteriorate. I just don’t know who to ask these questions of, or if there is something I’m not thinking of. Thanks for reading this far also. +Interested to see what everyone listed and if there's anything we could add to ours that we haven't yet thought of. + +(Also sorry, I overlooked the post flair and don't know how to change it) +My Mother is about to start drawing her pension. She says she is getting a lump sum of around £30k which means she won't get certain benefits like housing benefit until she has below £16k. + +She was wanting to buy a newer car with a part of her lump sum as her car is old and worn out. + +She now believes she won't be able to buy a car because that would count as depriving herself of capital. I believe the term for this is notional capital so I'm wanting to know more about this. + +Would it be classed as reasonable for her to buy a car? Just wondering where the line is in regards to "reasonable" spends? I would have thought it was normal to buy a few things if someone comes into a lump sum so interested to know what the classification of reasonable is. +https://insight.bitpay.com/address/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX + +https://live.blockcypher.com/btc/address/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX + +https://btc.blockr.io/address/info/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX + +No other block explorer has shown Satoshi's coins move. + +Please remove blockchain.info from your bookmarks and never use them again. + +Do not mention their name to new comers. Let this severely inept company die. + +------------------------ + +Update: It has been found that blockchain.info was accepting and reporting transactions without even checking if they are valid. If you have been using blockchain.info APIs, it has been at your own peril. + + + +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. +ZK rollup solution to reduce the gas fees and improve transactions is something that I'm really bullish on. I've been in MATIC since it was worth only a quarter of a dollar and I support the project wholeheartedly. + +Right now, MATIC Polygon is sweating like a pig on a roast, because one one small blockchain game. People are farming pixel sunflowers and the gas fees went up over 580 GWEI and keeps rising! I don't think this should happen from such a small bump in activity on blockchain. Right now the gas fees are getting pretty damn high on MATIC almost 0.4 MATIC to get a transaction through and that is a big if. + +Quite crazy what one little event did. I wonder if they can learn from this and improve the network. +I'm very interested to hear about the coin that you're most bullish on and your reasons! + +For me it's probably KDA as it a really scalable blockchain. + +Let me know ya coin and reasons! 🚀 +I'm very interested to hear about the coin that you're most bullish on and your reasons! + +For me it's probably KDA as it a really scalable blockchain. + +Let me know ya coin and reasons! 🚀 +Hi guys, +I want to create a list of undiscovered/low-value/etc. coins that have promising technology and communities behind them. This means no coins in the top 100 and no shit coins. I'll start with two: +1) [Myriad](https://myriadcoin.org/). [CMC Info](https://coinmarketcap.com/currencies/myriad/#charts). A POW coin that has 5 different mining algorithms, each with a 20% input into the system. One of the older coins with a strong community and strong dev team. All decisions are community voted. +2) [Gridcoin](https://www.gridcoin.us/). [CMC info](https://coinmarketcap.com/currencies/gridcoin/). A POW coin that funnels the computation power of the POW into scientific research on the BOINC network. Another coin with a strong community, strong devs (they pay them $30/hr), and community votes. They also have a large chest of Gridcoin funds for development. +How do you deal with sudden 0 motivation to continue? I don't want to retire but I also don't need any more money. All business goals for this year that kept me going are finished. Now I found myself with 0 new goals in business and 0 goals in life. Also 0 dreams about buying houses, cars whatever.. This started affecting my work recently because I barely make myself do anything. Usually I go into new projects when I get bored but seems like even that can't make me interested anymore, adding that my country is getting heated for a possible war. + +Did anyone else have this period and how did u get out + +Edit: Thank you everybody, this community amazed me with understanding and kindness and I'm happy to have something in common with people like all of you here. Reading comments seems like most of us experience this stage at least once in our careers. I concluded that for most it is because we forget who we are outside of business and by selling it or taking a break most of you searched and discovered who you are and what you want from life. I'm on my way to find myself again, thank you once again. +I see loads of people on here talking about working in tech or software making $200k salary and $300k equity a year. + +I’m at the start of my career in software development at a large UK bank, however I’m fairly certain that even some of our executive board don’t make even close to that kind of money, let alone someone working tech/software. It seems that super high incomes are much more common across the pond. + +Is there anyone from the UK here working towards fatFIRE who could give some insight into the plausibility of achieving this in the UK? +As of 4 months ago (Dec 2020) I cut the cord with a FAANG's 520K/y position. I'm in late 30s, NW 3.2M. I'm living on a humble budget so expecting my NW to only grow. + +I'm a permanent resident in US and am scheduled to get a US citizenship in a month - an event that I've been working towards for the last dozen-ish years. My earlier thoughts (before going FIRE) were that a citizenship will give me firmer footing in US as I absolutely love this country and the job opportunities it has been giving me. + +However, after FIRE, I'm realizing that getting a US citizenship will put me (voluntarily) into US tax net, hence will weigh highly against future considerations of moving to other countries. For instance, I would not be able to move to Cayman Islands to enjoy the 365 day weather AND other perks like NO income tax, NO property taxes, NO capital gains taxes, NO payroll taxes, NO withholding tax, ... + +I'm also a Canadian, so have good fallback if I decide to NOT get US citizenship. However, after few days of deep thoughts on the subject I decided to still go on with getting the US citizenship as a) I have a big family and this country is a great place to raise my kids, and b) I've built my life here and it truly feels like my new home, something I'm reluctant to part with for bigger numbers in my bank account. + +Having made peace with my decision, I'm still curious what other FIRE folks think on the topic? Would also love to hear personal stories about trade-offs made between getting a US citizenship and ... not. Also, given that [2.6K (of 9M Americans living overseas) renounce their citizenship annually](https://www.prnewswire.com/news-releases/americans-gave-up-citizenship-in-record-numbers-in-2020-up-triple-from-2019-reports-tax-specialists-americans-overseas-301222817.html), I'd love to get a feel how many FIREs make up that number? + +&#x200B; +Thursday was the Nasdaq's largest one-day decline from a record high in its history, according to Bespoke Investment Group. + +All three major indexes finished the day sharply lower. The Nasdaq closed down nearly 5%, and the S&P fell 3.5%, while the Dow finished 2.8%, or 808 points, lower. + +So, what happened? + +For one, the Nasdaq has been outperforming the other two major stock indexes — the Dow (INDU) and the S&P 500 (SPX) — for months. The rally has been going on for long enough that investors are now taking profit. + +Even so, the Nasdaq remains up nearly 28% in 2020, still far outpacing its counterparts. The Dow, which only recently turned positive for the year, is back in the red. + +"Although there is no single driver for the weakness, it seems as if investors all of a sudden realized how overbought stocks are and sold. Someone yelled fire in a crowded theater and everyone left at once," said Ryan Detrick, chief market strategist for LPL Financial, in emailed comments. + +But there are also technical reasons for Thursday's decline: As US-China relations sour, investors are moving money out of tech, which could get hit the hardest from a potential increase in tariffs. + +"The Nasdaq is getting hit hard with the continued rotation into cyclicals and expectations big-tech will ultimately pay the cost to a further deterioration with US-Chinese relations," said Ed Moya, senior market analyst at Oanda. + +Stocks in cyclical sectors are expected to perform better as the economy is recovering. + +The Big Tech companies such as Amazon (AMZN), Google (GOOGL) and Microsoft (MSFT), all of which are part of the Nasdaq, have become the safe-haven investment of the summer. But investors have beginning to wonder when the rally will run out of steam, either because of increased regulation or because the economy as a whole picks up enough to void the need for safety picks altogether. + +\-- [https://edition.cnn.com/2020/09/03/investing/nasdaq-selloff-stock-market-today/index.html](https://edition.cnn.com/2020/09/03/investing/nasdaq-selloff-stock-market-today/index.html) +Hi everyone, + + +I'm for some advice/options on how I can help my mum financially in the short/med term. She is in a tough situation and I can see her 'giving up'. I tried to talk about money last night with her and she immediately cried and said that she doesn't want to be a burden. + + +Background: +Mum is late 50s & self employed: runs dog kennels. Market is highly volatile and business is low. +She has increasing health problems (and a few health scares) which mean working is becoming increasingly difficult, and depression is also setting in making it difficult for her to move forwards. + + +Very limited savings <£10k and little to no private pension from what she knows (She has been self employed for a long time, and when in full time employment over 10 years ago she thinks she opted out as much as possible as she was a single parent trying to make ends meet). Would qualify for full state pension in \~10years? + + +The house is mortgaged - probably around £60k left on the mortgage, with house value of \~180k?. She is currently on a variable rate because her income isn't allowing her to remortgage and fix. There is a life insurance policy on the house which will pay of the remainder on death - this will likely be invalidated if we take any of the below options. + + +When the pandemic hit, I did a full bank audit/clearout with her to minimise spending as much as possible - though it has probably crept in the past couple of years, so I could look at that again. + +Outgoings likely £1500-£2k. I wouldn't be surprised if the shortfall is of the region of £1k per month currently. + +&#x200B; + +Options: +I think we need to take some fairly big moves to help her - but I dont know about the practicalities. +1)I could afford to support financially for a while (although she is adamant she wont accept it). + +2) Add me/my brother to the mortgage to try and bring the rate down? (We both have our own houses with mortgages already though) + +2i) Use a remortgage to try and release some equity - do what with it though? Deposit for another house to rent out, try and bring some consistent income? HMO? + + +3) Sell the house to me/my brother on a buy to let (if we even could) and rent it back to mum for the BTL mortgage level? + + +4) rent out spare room to lodger? Part time job? + + +&#x200B; + +How feasible are options 2/3? What other options are we missing here? +Neither me nor my brother are interested in 'preserving inheritance equity' - we just want to see mum comfortable and able to enjoy the next 15/20 years as much as possible. + + +Thank you in advance for any help/advice that can be offered! +As wild as that sounds, I just got overpaid by $35000 in my most recent paycheck. This isn't one of those "so how can I keep this money that isn't mine" questions. My question has more to do with repayment. I can either (a) repay in full or (b) have about $800 taken out of my next 44 paychecks. + +I believe the $800 in 44 paychecks is interest free (so, basically, an interest free $35k loan?) + +&#x200B; + +What would you do - pay it back in full or keep it (either to make the difference up every month, invest it, etc)? +https://www.nytimes.com/2018/01/18/technology/amazon-finalists-headquarters.html + +Atlanta +Austin, Tex. +Boston +Chicago +Columbus, Ohio +Dallas +Denver +Indianapolis +Los Angeles +Miami +Montgomery County, Md. +Nashville +Newark +New York +Northern Virginia +Philadelphia +Pittsburgh +Raleigh, N.C. +Toronto +Washington, D.C. +Ok, just a friendly reminder that I believe I cracked the code for Computershare auto buys and the first widely observed auto buy should happen tomorrow between 10:30am and 11:30am eastern. + +[Source](https://www.reddit.com/r/Superstonk/comments/ye7clz/i_believe_i_cracked_the_computershare_auto_buy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +The reason for my post is because not only is this going to be a heck of a lot of fun to finally watch in real time, BUT more importantly to let apes know that I’m jacked that the price “should be” low when the auto buy happens. + +I auto buy $1000 twice a month. Had the stock been $35 tomorrow, I'd be getting a little over 28 shares. Hypothetically, if it's $26, guess what? I'm getting 38 shares. Let me repeat that. I'm getting approximately 10 more shares BECAUSE the price is much LOWER than it was just 2 days ago. Low Price = More DRS shares. + +TLDRS auto buy happening tomorrow +I'm 20, have 0 credit, and it seems nearly impossible for me to even get a credit card. I've applied for cards from my bank, other banks, shopping stores, grocery stores, capital one, Amazon and each time i hit a brick wall. The only card I've ever been approved for is ones with annual fees (Bank of America Credit Card with $100 fee) I've even upped my income like crazy, and I pay bills under my name regularly (Insurance/Phone/etc) how do I build upward. I have a 19 year old girlfriend and she has amazing credit. I don't want to be stuck at home with mom because I can't apply for an apartment or get hit with ridiculously high rates on a newer car. Please and thank you in advance! + +THANKS GUYS! Didn't expect so many people to positively reach out with good advice! I'm going to speak to a banker next week and see about the secured loan/card. Also the SO said she would make me an authorized user on her account and cosign on a card for me if it helps. Thanks again r/personalfinance you guys are awesome! + +UPDATE: talked with my girlfriend and we both agreed that cosigning/authorized user solution isn't really for us. We love each other, but the future is unforeseen and hindsight is 20/20 so I'm gonna go to my bank, review the annual fee card (only because I don't have enough to put down for a secured loan card) and if that doesn't work then I'll start saving, and go and put in for a secured card. Thanks again for all the positive responses and answers, I went from depressed and worrisome to a lot more positive! + *Thursday 4/15/2021* + +🚀JP Morgan announced sale of $13 billion in bonds. Record for a bank + +🚀Credit Suisse=fucked with archegos. Sued by an entire towns pension fund for losing their money. $400m announced lost with more incoming + +🚀Black rock assets reach 9 TRILLION. Says says Bitcoin is a future “great asset class” + +🚀Gary Gensler appointed Jan 26 confirmed as new chair of SEC + + *Friday 4/16/2021* + +🚀BOA did the same for $15 billion. Breaks one day old record. + +🚀Morgan Stanley announced a $911 million loss on (1) hedge fund failing (Archegos). + +🚀Citi group announces they will leave 11 international markets. + +🚀Jim Cramer saying the bank stocks are “Dirt Cheap” after earnings crash + +🚀DFV exercises call and purchases 50k additional shares🚀 + +🚀Cryptomarket Explodes after media exposure pump + +🚀Royal Bank of Canada stock drops 66% in afterhour trading + +🚀Edit: Royal Bank stock recovers in AH.......because Citadel securities bought a metric shit ton of thro stock to pump it back up. + +https://twitter.com/heyitspixel1/status/1383698223613714438?s=21 + + + + *Saturday 4/17/2021* + +🚀Gary Gensler sworn in as chair of SEC, crucially breaking 2-2 stalemate to give Democrats 3-2 control of board. + +🚀Cryptomarket collapses with each coin crashing over 20-25% which left 9 billion in bag holders that fell for the pump. + +🚀US headquarters of Most banking institutions are working through the night as evidence of lights on in their towers. + + + + *Sunday 4/18/2021* + +🚀Leaks coming from the treasury state that charges are incoming (this week) that are charging several prominent US institutions with money laundering using cryptocurrency. + +🚀Top 6 stories on marketwatch homepage about crypto. As of 6:55pm + +🚀Stock futures fall after closing at record highs + +https://www.cnbc.com/2021/04/18/stock-market-futures-open-to-close-news.html + +🚀Said companies still working past normal business hours because TPS reports must be due. + +🚀 https://www.reddit.com/r/Superstonk/comments/mtfztd/chicago_search_trends_past_24hrs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf. Credit u/Idontdiikeoranges +Hello all. I know a lot of people here hate BBRW and I get that… however, for those of you who are still invested or interested.. I emailed BBRW IR with some questions. They got back to me in less than 24 hours and below are their answers. Their answers have not been modified in any way, shape or form except I added the "A)" before their answers. + +I am not an experienced trader nor am I an accountant or anything of that sort, so any clarification / further explanation on the below answers is welcomed. In my laymen's analysis, I see these answers as mostly positive - however I am sure that there is plenty of room for interpretation, and I welcome that below as well. I hope everyone finds it helpful. + +Q) Is the share buyback still scheduled to begin September 1, for $1.5m at market value? If ‘no’, if and when will it occur? Where are the proceeds coming from to repurchase these shares? The Q2 10Q showed $1,444 in cash assets. I understand that receivables from Q3 could be the source, but wanted clarification. + +A) The share repurchase is on schedule. We will use proceeds from sales and purchase over next several months. + +Q) When can shareholders expect clarification on the rumored partnership with Anheuser Busch? If it is not AB, when can we expect to know who it is and what the details are of the partnership? + +A) We can’t discuss partnership negotiations, and will disclose properly when the time comes. + +Q) When will the dilution stop? Will there at least be a cool off period during the share buyback timeframe to give the price a chance to reflect the buyback? + +A) Dilution was a result of removing the old notes inherited at the time of the merger. They are all out. Now we build up the price again. + +Q) Are there any updates to the progress of uplisting to OTCQX? + +A) The OTCQB (not QX) is something we will do once the stock moves above a penny. OTC has pre-approved the move. + +Q) The last few 10Q reports have shown a trend of BBRW seemingly having issues collecting payments. Can you speak to this at all, including why it’s happening and the status of the receivables to date? + +A) Our purchase orders and delivery of goods fluctuate and we carry receivables accordingly. We are on a cash basis, not accrual. This explains any A/R in our financials. + +Q) On the last 10Q, there was a $4m consultation fee. Can you divulge anything regarding this? Was this for an outside project (i.e. the rumored European partnership with AB) or was this more a matter of ”creative accounting” to cover internal costs such as Executive or Board member compensation? + +A) The $4M is relative to Series A stock issued for cannabis IP. It would be better for you to read the Form 10K ending 12/31/2019 which outlines the issuance of these shares. The company has the rights to repurchase these shares and return them to treasury. + +Q) There was some due diligence posted online a few months ago regarding a roundabout association between two companies which are both tied to Jeff Lewis. It appears that BBRW manufactured equipment which ultimately was sold to Lave, which Mr Lewis is also showing as the registered agent for. This was a little alarming and I am hoping for some explanation of the relationship here. + +A) Jef Lews is CEO and Chairman of our public company. Prior he was President of BrewBilt Manufacturing LLC (acquired by BBRW). The office for BBRW are Suite 10 and Lave is Suite 14. Jef assisted Lave in the beginning with manufacturing various cold water extraction systems for their cannabis customers. He allowed Lave to utilize his space until their TI’s were complete in their current Suite. This was prior to BBRW (Brewbilt going public). It should not be concerning, as Lave gives all of the manufacturing rights to BBRW for their cannabis equipment needs. Lave is one of many other cannabis equipment suppliers who recognize BrewBilt’s ability to provide this equipment for growers all over the world. + +&#x200B; + +REGARDING THE 10K mentioned above with reference to the Series A stock... I found the report and text in question: + +[https://sec.report/Document/0001641751-20-000020/](https://sec.report/Document/0001641751-20-000020/) \- Perform a page search, enter "Series A" and the 17th result will take you to the below. + +**Distribution & Licensing Agreement** + +On November 19, 2019, the Company entered into a Distribution & Licensing Agreement with Bgreen Partners, Inc., a California Corporation. The Agreement provides exclusive rights to various cannabis and agricultural products inclusive of grow-containers and CBD Extraction Systems to be used for mobile processing.The IP and rights arevalued at $4,000,000, based upon a five-year term. As consideration for the IP and rights, the Company issued 400,000 Preferred Series A shares at a price of $10.00 per share and convertible pursuant the conversion rights as specified in the Articles of Incorporation and certificate of designation for the Company. +So back in August last year the company hired two people to do the same job, same title, same responsibilities, reporting to the same person, etc... In terms of experience, neither of us had any commercial experience but I have a MSc, he has a PhD. The job did not require a PhD. So I always assumed he's paid more than I am, but reasonably more. + +I started making £30K alongside 30 share options per year which at current prices are worth about £2000. After 6 months I received a raise, bringing it up to 33K. I always thought this is decent (for North West England) and always considered it a very good opportunity for me. Indeed this is a really nice company, excellent offices, free parking, very good boss, unlimited work from home days, unlimited and auto-approved holidays, very good budget for training, first class train travel (when needing to visit London), etc etc... + +So a few night ago I had some drinks with the coworker and we discussed salaries, and all of that. He told me that he actually began at £85K with 200 share options (worth around £13.5K), but after six months he was placed on £95K with an extra 100 shares. I was speechless. + +I'm just shocked at how much more he is paid and he doesn't have any more responsibilities that I do. Don't get me wrong, I was expecting him to be paid more, but maybe 25-30% more, not 3x more in cash and 10x more in options. + +I was feeling great until I heard this, but now I feel unappreciated and I feel like I'm paid very low for what I actually do (given that both of us are basically doing the same job and having the same responsibilities). So what is the best, most reasonable and most professional course of action is for me to perhaps bring this up and seek a more fair compensation? +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1542145196581965827) .@The_DTCC Now that your subsidiary passed SR-NSCC-2022-003 & hedge funds who took ill advised short positions on companies they could not cellar box $GME #GME, will other #DTCC members supply adequate credit at current rates to save a company so poorly managed as to need saving? + +/u/elegant-remote6667 +My company is going through restructuring. I made it through the first round of layoffs a month ago but I was notified on Monday that this will be my last week. I know others are being let go as well so I’m not alone. My company just got rid of 3000 salaried people a month ago and more this week so I’m going to be competing with a lot of people in the area. + +Applying for a job has been my full time job all week. I was also proactive, since I knew this was a possibility from the layoffs a month ago, and had already updated my resume (looks awesome) and have already been applying to jobs. So far I’ve applied to almost 300 jobs in the last month with roughly 90% of those being since Monday. I know it’s a numbers game. From my experience, many postings are old and dead or only made public for EEOC compliance but they already have someone earmarked for the role. Most are flooded and only a few candidates even get looked at before they pick one. Either way, I will continue applying for jobs all day every day until I get a new one. + +But what else should I be focusing on? I have a wife and kids who are all healthy and will be fine without healthcare for a while (hopefully). And I’ve been reaching out to every friend and past coworker with my resume. Some have put in a great word for me but I haven’t had any call backs. I will also file for unemployment on Monday. I feel like there’s not much else to do but I’m also wondering if I’m missing anything. What do you think? What would you do? + +I have my bills covered until December. Then it’s going to get dicey but I’m not worried about it. I’m hoping to have a job by then. + +**Edit:** I’m in Detroit and I work in high level supply chain/logistics. I have a lot of experience in program management, global collaboration, cost savings, data analysis, etc. Related to shipping and automotive. + +**Edit 2:** my wife works but makes half of what I do. We still have money coming in but only enough to pay 50% of our expenses. We’re covered until December, possibly January after I cash out unused vacation. I’ll be working fast food or retail by then if I don’t have a replacement job in my field + +**Edit 3:** This exploded past my wildest expectations and I can no longer keep up on the replies. You're comments will absolutely be read and I absolutely appreciate your advice and support. I just can't promise I'll reply to each one +I am an absolute noob at trading, let alone options trading. + +I wanted to buy 12c 08/21 which was trading at 0.18 at the time. I placed the order for 20 contracts and it would not take the limit of 0.18 on RH, it kept saying that the trade has to be in 5cent increments so I had to place a limit buy with .20 limit. The order executed for 20cents a contract (total $400) and I was already down $40 as soon as the buy executed. So now I waited for the Corn report and knew it was bad. In a bid to minimize my losses I wanted to sell my contracts and they were still trading at 18cents for the 12c 08/21, but then again I was unable to place the sell order with a limit of 0.18 as RH said it had to be in 5cent multiples. So I placed a Limit sell at 0.20 + +So I decided to wait it out and see if by any chance the contract would go up in value to 0.20 so I can break even and sell at 0.20. Well the 8/21 calls started dropping in value and suddenly started trading at 0.13 not even 0.15. Now I just decided to sell no matter what and was forced to set limit of .10 since if I set it at 0.15 it would not sell, just like it had not sold at 0.20. So I end up placing sell limit order at 0.10 which executed immediately so my total loss within a span of couple of hours was 50% ($200) of my initial $400 investment. + +Am I making some rookie mistake here?? + +Edit: How do you place market orders to not lose money this way and be able to buy/sell at the market price which is not a multiple of 5 cents?? Just to be clear this is my question. + +Edit 2: Y'all gave me some good inputs. Many lessons learnt for sure... +[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! +With the Ukraine-Russia conflict wheat prices are soaring as Ukraine is the 5th largest exporter of wheat and Russia is number 1. Wheat futures have spiked from this added insecurity and I have reason to believe the prices will go MUCH higher. I rarely buy calls but I will be buying a bunch of July calls of WEAT + +1) Supply shortages will cause instability to global food security since Ukraine isn't going to harvest this summer, and it was announced today that [Russia will halt exports on select commodities](https://www.wsj.com/articles/russia-set-to-ban-commodity-exports-following-western-sanctions-11646768260). I'm willing to bet wheat will be one of them. Wheat shortages were a key component responsible for the Arab spring. The top wheat importers get over half and sometimes almost all of their wheat from these two countries. Considering the severity of the western sanctions against Russia, it won't surprise me if they cease exports of one of the most vital commodities on earth to put pressure on the world. I can see Russia willingly starving the world of wheat to have leverage over other nations. + +2) The top 3 countries, Egypt (#1), Indonesia (#2), and Turkey (#3) all receive shipments via Black Sea supply chains, and given that Russia has sank a Ukrainian ship off the coast of Odessa, insuring these merchant ships is now much more costly, especially considering the rising tensions between Russia and Turkey who is the 'regional hegemon' of the black sea. + +3) There isn't enough time to plant more wheat for the summer harvest. Broadly speaking there's 2 kinds of wheat, winter and spring wheat. Winter wheat is planted in the fall and harvested in the summer. Spring wheat is planted in early spring, and harvested in late summer. There won't be enough winter wheat to meet demand and while farmers will divert resources to up wheat production when they plant their spring wheat, this wheat won't be harvested until late summer. This means the wheat shortage will likely have its biggest impact in the middle of summer when countries start exhausting their reserves. Lucky for us there's July 15 options. + +4) Other countries will try to compensate for the loss but given the reserves will likely be spread thin considering how many countries get their wheat from these two nations. More wheat than normal will likely be planted in spring to compensate but this means diverting agricultural resources from other things like corn and soy. + +These are my thoughts, I'd love to hear any counter arguments to this. +**Charts** + +[Financial Overview "Dashboard", with 2017 stats and Pretty Charts](https://i.imgur.com/IQC8LTL.png) + +[Additional Charts](https://i.imgur.com/Jhh51ku.png) + +I'm really proud of my financial tracking spreadsheet and its pretty charts, but can't really show them to anyone IRL so this sub is my only outlet. Let me know if there are any questions for my inner excel junkie to answer! + +EDIT: Download link to a scrubbed version of the spreadsheet [in the comments](https://www.reddit.com/r/financialindependence/comments/7nglui/2017_yearend_review_and_pretty_charts/ds1q1j3/). + +---- + +**Major 2017 Events** + +* Completed 2nd full year at MegaCorp, received in-line promotion +* Completed 2 semesters of grad school +* Found girlfriend, going on 9 months now +* Travelled for 2 weddings, 1 funeral, 2 holidays, 3 fun friend visits, the solar eclipse, and a week-long sailing trip in the Caribbean with some friends +* Win: Got top-tier performance rating for this work year (feels good man!) +* Win: Great year for investments, with a +24% internal rate of return +* Win: Grad school scholarship renewed for the 2017-2018 school year +* Win: Maxed both 401k and IRA for the first time +* Loss: Gained about 15 pounds, currently 10 pounds over healthy weight and 20 over goal weight +* Loss: Investment contributions decreased by $600 even with $7k increase in income +* Loss: Low grades (B/B-) in the spring semester, killing chances of adding a *magna* in front of *cum laude* when I graduate. Fall semester went well thankfully. + +**Goals for 2018** + +* Keep doing well at MegaCorp, with an eye at a diagonal move or change in companies in early 2019 +* Complete last semester of grad school and graduate with honors in May +* Purchase used car (looking to spend ~$7k) +* Use said car to do a lot more hiking, camping, and skiing +* Move out of apartment in August to somewhere closer to work and with a garage or hard-floor room that I can turn into a workshop. Going to either move in with girlfriend of find another roommate +* Get back to goal weight +* Cut back on bars / drinking +* Contribute at least $30k to investments (down from current year to account for car purchase) + +---- + +**Financial Retrospective** + +Overall 2017 was an incredible, full year in my life. Total spending was about $38.5k (up from 2016 $33.0k), and total saving was $34.4k (down slightly from 2016 $35.0k). Where spending categories were higher than last year, they were tied to girlfriend activities (restaurants, uber/lyft, gifts), hobbies that I think will pay dividends down the road, some really fun trips (airfare), and starting to give to charity (~1% of income which is still low IMO). I feel like I have been going at full pace, and feel very fortunate to be living such a full life. This next year I think I will try pare down the long distance travel and use my weekends to do a lot more day trips to explore the local outdoors, which should help with both spending and personal health. + +I am incredibly grateful that I found this community, since having these long term financial goals has really forced me to focus my spending and consumption habits to the areas where I actually find pleasure. It would have been easy to spend loosely without that framework. To a prosperous 2018! +So I recently accepted a job offer and there’s an interesting choice I have to make. There are two options for the pay: + +$28 an hour with PTO and paid holidays. You accrue 2 hours PTO every 40 hours worked. + +$29 an hour with no PTO and no paid holidays. + +At first I thought it was obvious I should go with the PTO but I’m thinking the math actually works out to more pay with the $1 (assuming you have no unexpected days off). This is full time btw. + +What would you choose? + +EDIT: I clarified with the recruiter and you all were right. The PTO accrues 2 hours every 40 hours worked not every 2 weeks like the other person told me. + +I should have mentioned before- they have 12 holidays off a year. + +EDIT 2: wow thank you all for your responses! Either way I choose this will be the most I’ve ever made and this will be so good for my family. I think I will choose the PTO. +Hello everyone, so a quick bit of info about myself. I am currently 21 years old, male, and have one year of college finished. I live with my parents rent free and only pay for my phone and car insurance. I have been paying my way thru college (albeit a bit slowly because of a bit of goofing off at first, and since up until recently I was only making 7.25 an hour) I now work 24 hours a week (all im gonna get) and managed to snag a job at 18 an hour. + So if im being 100% honest im in school because thats what I was told would make me successful. I loathe school and really dont have any specific passion. I look around and see my friends graduate with 25,000 dollars or more in debt and those same friends either cant find jobs or make less than I make currently. My current job has no room for promotion so its just a decent hourly wage for now. + What the hell should I do?! A trade maybe? Are they a smart move anywhere I can find info or any you recommend? Im realistic about life and try not to expect much so my 5 year plan with hard work hopefully involves me making 50k a year eventually. +Sold a $10 wide credit spread on TSLA today for a $90 credit today ($990/$980 calls). This trade loses money if TSLA is over $976 by the Feb expiration cycle. TSLA would have a $919 billion market cap at this stock price. + +I know, I know, never bet against TSLA. In this case I think it's had an incredible run lately and adding another 33% to the stock price is very unlikely in the next 46 days. +I pay off the balance in full every month and have great credit (750+). Right now I have an Amazon Visa that effectively pays back 2% on Amazon purchases and 1% everywhere else. + +Edit: 3% on Amazon purchases, not 2%. +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? +Thank you all for joining in on this thread yesterday. While my equities had a shocking day, I made solid gains on my karma. (Can I get a margin loan with karma?) + +So the Pres. Of the USA appears to have said a corona vaccine is nearly done, but the white house as already discredited that and said he was talking about Ebola. + +14pc of recovered patients in China retested positive for corona. + +And the virus is in every country in the world. **EDIT:** continent not country as u/NezuminoraQ hostiley pointed out below. + + +All this taken into account the US markets over night seem to have decided perhaps its not that scary after all. Well, at least not as scary as yesterday. + + +As with yesterday, this is a conversational thread about the markets and the current going ons. + + +7am: + + +* **NASDAQ:** +0.13pc + +* **S&P500:** -0.27pc + +* **oil:** -2.46pc +Hi all, student loans are at the forefront of everyone’s minds right now with what is happening in the USA which has lead to this thought. + +Currently the indexing on our loans is and will be quite high, creating somewhat of an incentive to pay it off as the indexing will likely be above normal interest rates again next year. Previously there would be a 10% discount given for paying off HECS voluntarily in $500 or more batches. Why not bring this back in for a few years? The other benefit I see from this is that it will help to reduce inflation (probably not noticeably) but it’s less money circulating in the economy due to people being incentivised to pay the government back. I’m honestly not sure why it was ever removed, but now seems a good time to bring it back to me. +Hello everyone + +I don't know if this is the right sunbeddit to be posting this. So sorry ahead of time if that's not the case. I'm just desperate for advice. + +There's a lot of backstory for context. So incoming wall of text. + +My mom lost her job about 5 years ago due to her not showing up for work. She had been working this job for over 25 years and just started going less and less until she was let go. There were other factors like her constantly getting into arguments with her boss and coworkers. So I know that played a part in her attendance. But regardless, she was let go. + +During that time I filed for unemployment for her, filled out the weekly unemployment paperwork, and applied for jobs for her. She got call backs for interviews, but never went to any of them. She eventually got on disability and hasn't looked for a job since. + +My father has never worked. He's been on disability most of my life. He has the capability to work, but never has. He would do odd jobs here and there for cash. But not enough to really supplement any actual income. + +They've always made terrible decisions with their money. Pawning things, buy endless amounts of scratch offs, going into the negative each month when I know that they had the funds to not do so. Constantly asking family for money to the point that they've burnt every bridge that there is to burn. These decisions never changed and honestly got worse once they were both on disability. I was still living with them at the time, so I took on a lot of the bills and finances. I paid for both of our car insurance, utilities, internet, groceries, gave them cash when they needed, etc. I was also letting them use my car for transportation. They had lost theirs due to not paying the bill. + +They were on the verge of foreclosure and managed to sell the home before that happened. With the money they earned from the sale they bought a new car and put some money down on a rental. After all that they were left with around $10,000 for savings. That was gone in a matter of months. They're combined income with disability and food stamps was/is $1500. Their rent at this time was $500 with utilities in included , they got very lucky with the place. + +With that $10,000 being gone I yet again stepped in to help. Buying groceries, gas, and paying their car insurance. I had made them a budget to follow in hopes of helping but all that did was upset them and start a fight. They were in this rental for about a year until they were kicked out for being very behind on rent. + +I paid for the uhaul, me and a friend loaded it up, I got them a storage unit, and we unloaded everything into it. They lived in their car. + +That was 2 years ago. During the past two years I continued to pay for their car insurance, buying them food, putting gas in their car, running to help with every phone call. Daily I would send them listings for rentals and low labor job listings but they never made one phone call. I maxed two credit cards during this time. After which I continued to just help with cash. + +They've done nothing during this time to actually change their situation. I've signed them up for doordash in hopes that they would see the potential and make some money, but nothing. I've spent around $10,000 on them throughout this process and I can't do it anymore. It's ruining me. I'm completely alone in this with no family to help, they've burned all of those bridges. They won't take any of my advice, follow a budget, or make any changes. + +To make things worse they lost the car yesterday + They pawned the title and stopped paying. I didn't know this. I'm living with inlaws and don't make enough to continue helping without dragging myself even further down. + +I've ran out options and energy. I'm exhausted, angry, and don't know what to do so I figured I'd ask some strangers on the internet for advice. Thank you ahead of time. + + + + + +EDIT +I did not expect such a big response to this. Thank you everyone for the words, advice, and encouragement. I'm going to have to read over and respond to everything once I'm off work later today. +I started work last fall, but I was naive, ignorant, and maybe too hopeful in thinking that MOASS would have begun by now, so I didn't bother building up my 401k. I know I'm retarded, but I'm trying to figure out *how* retarded I am. + +I'm considering reinvesting in my 401k again. What do y'all think? Anyone else been toying with their contributions? +Here is the updated short volume chart as of 2/10: + +https://preview.redd.it/pempf40waxg61.png?width=1821&format=png&auto=webp&s=53f22a97579c63eda17e6d60f7cbde414a888704 + +(previous post for this here: [https://www.reddit.com/r/Wallstreetbetsnew/comments/lg7l6w/gme\_short\_selling\_volume\_over\_50\_of\_total\_volume/](https://www.reddit.com/r/Wallstreetbetsnew/comments/lg7l6w/gme_short_selling_volume_over_50_of_total_volume/)) + +Here is the updated cost basis estimation chart as of 2/10: + +https://preview.redd.it/x3pkz6u0bxg61.png?width=2089&format=png&auto=webp&s=e60a1a53b7aab65457ea9a06385815df336ecaa5 + +(previous post for this here: [https://www.reddit.com/user/window\_licking\_fun/comments/lebbcm/estimated\_cost\_basis\_for\_gme\_shorts/](https://www.reddit.com/user/window_licking_fun/comments/lebbcm/estimated_cost_basis_for_gme_shorts/)) + +This data is the FINRA reported daily short volume for FINRA/Nasdaq Chicago, FINRA/Nasdaq Carteret, FINRA/NYSE for GME. You can find it here: [http://regsho.finra.org/regsho-Index.html](http://regsho.finra.org/regsho-Index.html) + +Daily short volume during the period 1/27 to 2/9 was over 50% of the daily volume every day. This indicates that short interest has increased relative to the 78% number reported by FINRA for the period ending on 1/27. As of 2/10, shorts appear to be lowering their short-selling volume to \~36% of daily volume. + +2/9 is the first day where the price was mostly below my estimated cost-basis for the short sellers, and **the change in short-selling behavior on 2/10 suggests to me that:** + +1. **My estimated cost basis for the shorts of \~$55 is at least somewhat accurate.** +2. **Shorts do not want to continue shorting at prices lower than their current cost basis.** + +My read of this situation is that short sellers see it as risky to sell short at a cost basis lower than their current one, which indicates buying strength at this level. It seems likely to me that they will sell short whenever the price rises over this cost basis to keep the price from spiraling upward again, and will attempt to buy to close out their positions whenever the price falls below their cost basis. **This could be an opportunity for range-based trading strategies**, but please be aware that this is a powder-keg due to low liquidity and high SI (i.e. it could still explode), and that I am retarded and none of this is financial advice. + +Edit: 2/11 FINRA short volume data just dropped. Shorts again short sold at 36% of daily volume today while the price remained in the $48 to $55 range, confirming this trend. +https://globalnews.ca/video/8497644/psychedelics-approved-for-medical-use-in-canada + +Clinical Trial Application for Phase 1 Proprietary Product + +http://crweworld.com/article/news-provided-by-pr-newswire/2257267/numinus-submits-clinical-trial-application-for-phase-1-trial-on-proprietary-psilocybin-product + +https://numinus.com/ + +Numi began trading on the TSX on Dec. 16th, 2021. +A parent's life insurance left me with roughly $300k some years ago. With my current guardians moving out on me (to another state) in the near future, this leaves me needing a place to live. While the obvious option exists of renting an apartment with friends, the option was brought up to me that I could buy (and even immediately pay off) a house. At the same time, being near a university, I could rent out the extra bedrooms to and thus make a monthly profit. + +I could get a decent--but obviously not fantastic--looking 5 bedroom 2-3 bath place for $100-200k where I live. School and a car are already taken care of outside of that budget. Yes, I have a job for the extra needed income. I'm wondering if there's something I'm missing that would make this a bad decision. + +Edit: School has a dedicated fund within that $300k and can't be used for anything outside of school. +I've also spent about a year and a half living with 3 other roommates and YES it is something I enjoy. +After 2.5 years of this, I'm finally profitable enough to replace my salary and then some, so I'm quitting my job at the end of the year to trade full time. My parents know this and have asked me to help them out by also trading their money. They're both in their 60's and not even close to ready for retirement. Thus far I have responded with, "I'm not allowed to trade other people's money", but I would like to help them out if I can. + +Have any of you figured out a way to do this legally? Is it just a matter of changing my trader status to "professional" with my broker and the IRS? What are the ramifications? Or would it be better to just gift them a portion of my profits every month? +Why? Trump and his cronies are already preparing to legalize marijuana federally right before the election. He wants to do it now, but is being required to wait by his advisors. It's pretty much a fact that is if its legalized, his approval ratings will soar(if he takes sole credit.) +If you doubt this theory, do your DD, and you will see the writing on the wall. +I recieved this info from a friend of a friend of a aide in the White House, and researched it myself. +The shoe-in for AG is a shoe-in, because Trump knows he wont impede Trump's marijuana legalization plan. + +EDIT: corrected Shoe-in grammatical error. + +Also, thanks for the engagement everyone, I will try to read through it all after the fireworks have finished. +Happy Independence Day to everyone too! +You guys upvoted this post onto Reddit's front page today....I never intended it to get this big. The beauty of the internet. + +Carry on fellow autists!!! +Okay so my ex girlfriend lives on the other side of the country, I can’t see her, I can’t go to her, she’s wants nothing to do with me, how can I get my name of her car loan? She’s not paying it, I have no idea what the account numbers are or who the loan is thru and she won’t talk to me. My credit score is plummeting and I can’t even pay it my self, is there anything I can do to get my name off of it? Everything I have seen online is telling me that the other person has to be involved but that’s not gonna happen. Can I sue her? Is there anything I can do? +I will now describe the best year of my life. In Scandinavia we have something called folkehøyskole. It is a school many go to after graduating high school at age 18/19, that is sponsored like university with a stipend paying about 40% of the expenses. + +I chose film and worked on projects in groups. The school had art, music, film etc. Every day we did something new, and had a selection of topics to choose from. We even went to New York to make a music video in collaboration with the other classes at the school. + +So it was a combination of meeting new people, learning, getting tons of new friends, working on interesting creative projects with people where making something good for fun was the purpose, not to earn money or get good grades. + +Something like this would be the ideal lifestyle for me I think. Living close by friends, working on fun interesting projects, chilling out, doing new novel things. It is one reason I wish to FIRE. + +Anyone have similar experiences, an ideal year of their life they wish to relive through FIRE? +> His firm paid roughly $27 million for the hedges . + +&#x200B; + +> The hedges generated $2.6 billion in proceeds by the time he exited them on March 23. + +[https://www.bloomberg.com/news/articles/2020-03-25/ackman-puts-part-of-his-personal-fortune-in-covid-19-testing](https://www.bloomberg.com/news/articles/2020-03-25/ackman-puts-part-of-his-personal-fortune-in-covid-19-testing) +I’m a 23 yo male and I’m terrible with money. I have next to no savings and every time I get paid I find a way to waste it on stupid sh*t like shopping, gambling, takeouts, etc.. +I earn roughly 1000$ a week and my living expenses account for about 500$ of that. But I spend 200$+ on takeouts (not that I’m obese, I just find it hard to get the motivation to cook for myself), and the rest goes on the stupid stuff I mentioned above. +I declared bankruptcy in 2019 at the age of 20 because I borrowed over 100k for stupid purchases when I was 18-19 and had nothing to show for it. As a result my credit is shot and I’m financially excluded meaning I can’t borrow money from anywhere anymore, not even payday lenders or afterpay. + +I’d like to be able to stick to a weekly budget and save a consistent amount each week so that one day I can get a mortgage and buy a decent car again. +Ive tried to stick to a budget but I never make it past 1-2 weeks. How do you guys manage to make and stick with a realistic budget and avoid the temptation of wasting money on unnecessary purchases or taking out credit to buy things you don’t need? + +Any input or personal experience is appreciated. +I don’t care if it’s harsh cause I probably need to hear it. +There is a record gap between unemployment rate and available jobs. Also there are headlines that people quitting over low pay, Vaccination mandate, and etc. + +What I don't understand is how these people keep up with the bills? Cost of living at around 10% higher than last year. How can they afford being unemployed? + +Edit: I had one of the most constructive discussions on this post. Thanks everyone for their input and keeping the conversation on point and civilized. + +I am worried about ramifications of on going economy. While everything seems rosy, employers have to beg for job applicants and stimulus gave everyone good amount of saving. Something doesn't add up. I think we are in an uncharted territory where either cost of living will spiral out of control or we are going to have a crash in scales that never seen before. +If mods need proof I'll be happy to prove my degree in media production. 🙈 + +TLDR; The media not covering a huge subject like this means they are in the pocket of someone else. Aaand HOODL 🚀🚀🙈 + +Imagine your the owner of a news network, magazine, online news source or whatever media company you work for and you have a HUUUUGE story about Gamestop, AMC and the corruption of Wallstreet. + +Well then lets publish it! + +The higherups come in say "No you can't do that you banana eating retard, we are on the payroll of XXX and they are owned by XXXX, publish it then we take it down, you get fired and thats it" + +The media and journalists all over the world only care about a couple things (not saying every single one but the majority) + +The first thing are viewers, readers or clicks on an online article. Soo basically you have a story that the whole world would love to know about but your not publishing it EVEN though you would make a ton of money for being one of the first to publish it. + +So the second thing is mooooneeey. Everybody loves money, I do you do, the world is a fucking zoo. + +All in all. If the media don't publish a huge story that would generate a shit ton of traffic, well, you already no why... + +. So basically: traffic=money(advertisements) +viewers=money + +They are getting paid a lot more money from a third party or their parent company just said "fuck off can't publish orders from higher up" + +That being said the media not covering a huge subject that can generate a shit ton of traffic + they can just go on Reddit and get all the fuckin tidbits of information they need just confirms my bias that WE ARE GOING TO THE FUCKIN MOON BOIS 🚀🚀🚀 + +There are no unbiased news sources, at least on televison. Everybody needs to get paid and an agenda to fill. They don't choose what to cover. The higher ups decide what to do. + +Have a beautiful day apes. Love you all 🚀🚀🙈❤️ +I'm writing this as we (myself and brother) are pretty much the immediate family support for these kids. Funeral arrangements are made, but looking for help/tips on navigating the road ahead for these kids. Sister/brother-in-law were employed, and owned a home and vehicles, but lived a pretty modest life. Of course the million dollar question - there is no will that we are aware of. + +We (brother and I) want to do whatever we can for the kids, as the idea of managing their deceased parents' estate will be a huge undertaking for them; having said that - they are of adult age, so I imagine there is only so much we can do. + +The funeral part is scheduled, but where do we go afterward? Some items of concern - will the mortgage be paid? Insurance? Utilities? Other debts - how do we even start to find? The checking account - does it close immediately? Do autopays continue on the checking account? + +Any questions or advice is truly appreciated. +Saw this article today: https://www.ccn.com/jerome-powell-knows-federal-reserve-destroy-us-stock-market/ + +I'm beginning to worry that this is a bubble and we're going to see a crash. I'm in stocks for the long term (20 yrs) but am nervous about having a large % of net worth in the market. + +Any opinion or examples of what you are doing? +I just graduated high school, I'm starting my second year of community college in two weeks (dual enrollment helped me complete credits in HS), and I've applied to many jobs, yet I've not received an offer yet. I have $1,100 in savings from a PT paid internship I worked earlier this summer and graduation money I received a few months ago. Other than that, I don't have much money, living at home with my parents and expected to leave next year. How do I get a job in such a fiercely competitive market? +Edit: I have a job now delivering Chinese food twice a week, starting in September. Guess I’ll hold off on applying until I work there for a month or more. + +What are the things you've always wanted to know about but have been too afraid of asking? What do you need to retire? Is your financial advisor working on your behalf or just raking in fees? What does it all mean? + +Remember - this is a safe place. Upvote those that contribute, and only downvote if a comment is off-topic or doesn't contribute to the discussion, **not** just because you disagree. + +Consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi all, + +In the next 3-5 years, my wife (37) and I (36) plan to purchase our "dream home". We currently have approx $65-70K in equity in our current home, with remaining mortgage balance of $335K @ 2.375% 20 year fixed. We have 19 years left as we refinanced 1 year ago. Based on the amortization table, our mortgage balance will reduce by $40-70K (3-5 years). + +My goal is to have $200K between equity + new investments (for 3 year plan) or $250K for 5 year plan. Will be looking at houses between $750K-$1M. + +We both have 401Ks + Pensions. Together we make $250K a year. Currently have a 9 month old and plan for 1 or 2 more kids still. My MIL will likely move in with us and will contribute towards down payment (amount TBD). + +We have $1K per month that we can comfortably invest or pay down our mortgage further. + +My question: If we're looking at moderate risk, what would be some good options? My initial thought was putting $1K per month in to an investment account for 5-7% return. Our 401K returned 13% last year but is taking an obvious hit right now. Also withdrawing would be too costly. Should I use some of the $1K to pay down the mortgage? At only 2.375% rate, doesn't seem logical to me but I could be wrong. Would love to hear some recommendations. Thank you! +I’m looking for advice on financial advisors. + + To start Im am married and 21 years old. As of 2023 between my wife and I we will bring in around 160k before tax. We have zero debt except for our home. Currently it takes around $3200/month to sustain our lifestyle. + + I know investments right now can have a massive impact later in life. We currently are contributing only what our company’s 401k match is. I know We need to be investing a lot more and work on building a portfolio. + + I feel like there are so many avenues available I could over look something important or allocate money in the wrong places. Personally I have no issue paying an advisor I just want to make sure it’s a smart decision long term. I’m not looking for a get rich quick scheme just a safe return and retirement one day. Thanks! +So I recently went to a meeting where a financial advisor and an accountant both talked about my industry (restaurants/bars/hospitality) and possibilities of what you can do with your money. I've had quite a bit in savings and I'm looking to see what else I can do with my money. + +A bit about my current situation. I'm 30, dating but not married, no kids. I rent an apartment with my girlfriend and I own a car. I am employed full time and get paid hourly plus tips. I have a checking account (keeping $2k-4k), a high interest savings account with Ally (where I have $10k+), a 401k (contributing 6% to get my companies max match of 1.5%), a Roth IRA (with Vanguard, contribute $150/mo but don't currently max it every year). So at this point, it's safe to say I've started some retirement planning and I have an emergency fund with enough extra that I could be investing into SOMETHING. + +Without really knowing what to do with my money, I took a meeting with the investment firm that spoke at the meeting. They were very polite and friendly about getting financial info and my values. At our second meeting, they showed me their plan for me moving forward. They suggest continuing to contribute to my retirement funds (which I will, of course, keep doing), paying a $300 monthly premium for a cash value life insurance policy as a steady source of growth, and investing $5k-14k into an investment fund that they would manage. I'm a little hesitant to move forward with this just because I'm not even sure that it's necessary. It's all a bit unknown to me which is part of why I'm reluctant to move forward. + +What do you all think? Good idea? Bad idea? What else can I be doing outside of working with them to have my money work for me? Please feel free to ask for anymore info that you might need. Any help would be appreciated, thanks in advance! +is there an app where you put in your paycheck, and it gives you a set amount you’re able to spend a day? i’m looking for something that will deposit the daily budget in my account and hold the rest so i can start my savings again. my problem seems to be if it is in my account, i want to spend it. trying to pull myself out of this before i’m out on my own. + +thank you! +Hello I hope all of you are well. I purchased a laptop last year using credit from a company called Klarna. When I saw the offer of 12 month no interest I took it. + +I’ve paid off only $300 of the $1000. My grace period ended this January and I see a charge of $300 on my account from deferred interest and now it’s back from $700 to $1000 where I started. I landed on some good fortune recently ($600 from my college financial aid refund) and I have barely enough to pay it off in full without the deferred interest charge. + +I had no idea the deferred interest was even there, I did skim the fine print but I think i missed. Can someone explain what deferred interest is? ( I’m guess it’s all the interest accumulated over the past 12 months) In addition, is there a way to persuade the company to remove it? + +Thank you +Just recently sold my house which was fairly large and we were only using half of it. me and my spouse paid off all of our debt of around 40k and now we have a really big down payment for the next place. Although were in our 20s i want to down size to a 3 bedroom 1100 sq ft home which we can get with a mortgage thats going to be around 40-50k less than we previously had. Were also renting super cheap now and plan to save as much as possible for the coming months in the meantime. To me it feels like i just set myself up for such a stress free life but alot of people didnt agree wity this decision because i should be "upgrading" not "downsizing" +I've been thinking about general investing best practices such as: + +1. Don't time the market +2. Bonds are low risk and stocks are high risk. +3. Indexes are better than individual stocks. +4. Keep at least 6 months of emergency fund. + +Do these and other investing best practices apply given the current environment of: + +1. A very high rate of unemployment +2. The Fed printing trillions of dollars and buying assets, inflating the market, and potentially creating monetary inflation. +3. A political landscape that value stock market performance above all other economic indicators. +4. Covid slowing down the economy and adding FUD. + +Have you changed your investing strategy to cope with this new world or are you staying the course? +Hi everyone! My partner and I & our 3 doggies are ready to buy a house. Unfortunately, neither of us has much understanding of money management. Any & all advice would be helpful! + +We aren’t married yet & my stepdad warned against us putting our bank accounts together, until we are married. We plan to get married next July— thoughts on this? + +Some details: + +-We both have credit cards & work hard to keep those paid off. + +-He has a car payment + +Thank you all in advance!! :) +I need help. I’m having a conversation with my husband, we are in the midst of paying off some consolidated credit card debt at a medium high interest rate. My husband still uses the credit card as cash, but is paying “more than he spends” every month so the balance is still steadily going down. I maintain that it is better to NOT use the credit card and use debit instead, while paying off cc as quickly as possible (despite the 2% cash back he gets from using the cc). Can someone please explain who is right, and why, in simple old people terms? Thank you enormously for your help. +\[RESOLVED\] Right before I called my bank, I called my wife. Turns out she had cashed some old EE Bonds that were past the 30 year mark for earning interest. We had been talking about cashing them for a while, but I didn't realize (or, if I'm honest, probably just forgot) she had actually done it. Thanks for your help everyone. + +/////Original Post///// + +I logged into YNAB this morning to categorize my expenses, and there was an ACH deposit in my checking account labeled "APA TREAS 310 MISC PAY Deposit" for $20,328. + +I have no idea what this could be. We have already filed our taxes and we've already received a $4k refund for federal taxes. I read somewhere that it could have something to do with stimulus checks but I thought we received those already? We have four kids, so the stimulus checks were a decent chunk of change, but I thought they were done with. + +I also read someone saying it could be student loan overpayment but neither my wife nor I have ever had student loans. + +What is going on? Is this a scam? Who can I call to find out? +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 discovered this forum less than a year ago and realized that this was something for me. +I work as a dentist, 38, male, one child and married. I've been working for 7 years now and working 26 hours/week and I make a lot more money than we need/spend. +This however gave med very little motivation to work more or increase my earnings at work, because I wouldn't spend the extra money that I made and the savings just went into an account towards a future home purchase. +After discovering FIRE I now have a purpose of going to work and trying to make as much money as possible. I now know that every single extra dollar I make/save can be invested and generate income in the future. +I am REALLY looking forward to FI, but funny enough I enjoy work so much more now that I have a purpose of going to work. Before it just kind felt pointless of working more than 2 days a week since I didn't need the extra money. +Suppose you want to sell your house and buy another one a year later. What is the safest place to keep 500,000 pounds for a year where you can access it on a reasonably short notice and ideally also earn some interest (even 1% on it is £5,000). Is splitting it between six banks to benefit from FSCS savings protection ($85k limit) the only safe option? +I want to get into outside IR35 contracts in the IT space and I've set up my LTD company: + +- What unexpected surprises should I look out for? +- What things would I do differently as a contractor compared to full time employee? +- What tips would you recommend a beginner? + + +Any opinions are appreciated and welcomed :) +Are there any stocks you hold simply because you’re a fan/supporter of the company and not necessarily because of the fundamentals or even with the goal of making money? + +Like holding $MANU because you’re a United fan or $RACE because you like Charles Leclerc? Or you hold Franklin Resources ($BEN) because Ben is your name? +Everyone is saying a recession is coming soon and the stock market will tank. I'm in my early 30s with quite a bit of cash sitting around. However, I do have about $30k in the stock market now. Roughly: + +$10k in VOO and QQQ + +$4k in Upstart + +$5k in Tesla + +$5k in Shopify, Rivian, Beyond Meat, Nio, Xpeng, Disney, MSFT, Google. (About $2k of that is in Google) + +The remaining in random companies like United Healthcare, Berkshire Hathaway, some REITs, all 1 or 2 shares or fractional shares. + +I'm so lost on what to do. I'm already down thousands since I started investing late last year. I am worried I'll lose another $10k once the recession hits. Given the rising interest rate, I wonder if I should sell, place the money in a bank, and write off my capital losses when filing for taxes... + +thanks +Ok so I found out yesterday I was laid off from my job of 2 years alongside about 2/3 of the company. Wanted to check here- what should I be doing? + +I have my emergency fund of 6 months in a HYSA and will be paid on the first a minor severance. I was largely paid in stock options at this company but haven’t exercised any of them, I have 90 days to decide. Should I file for unemployment? Have never been laid off before, don’t really know what to do. I have an interview later today and have been connecting with coworkers on LinkedIn/updating my resume. Feels like I should be doing more? Ugh have never been unemployed before and I’m staying with my wife’s family this week so it’s quite embarrassing. Thanks guys. +As we see the efforts of 2x evaporate we need to come back together as a community. If this doesn't provide everyone in this community a valuable lesson, it's that Bitcoin needs community consensus. Being divisive with political rhetoric doesn't help scale bitcoin and neither do these "signed agreements". + +We need better tools for measuring consensus that extend beyond miners signaling or companies signing agreements. These obviously do not reflect consensus at all. Otherwise we're going to keep repeating these upgrade battles. + +I hope companies have learned their lesson in supporting these forks that have wasted resources they could've been using supporting Bitcoin. +I keep seeing things about the average FTB deposit being just under 60k. + +I’ve been looking at flats in London (Greenwhich) for around 130-150k. Would a 15k deposit from LISA be enough to be accepted for a mortgage? Seems a lot smaller than the average +Ofgem have announced an increase to the price cap https://www.ofgem.gov.uk/publications/ofgem-updates-price-cap-level-and-tightens-rules-suppliers + +*Ofgem has announced the energy price cap will increase to £3,549 per year for dual fuel for an average household from 1 October 2022.* + + +To keep the sub from being flooded with lots of similar threads please ensure that all discussion is kept to this one post. + +Keep the topic on post and avoid political discussions. There are other subs for political discussions. + +BBC Live thread - https://www.bbc.co.uk/news/live/uk-62633742 + +MSE Post - https://www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/ +Just sharing my own thoughts on the dynamics of what could occur. + +People have to understand are there will be funds and institutions exiting well before the moon. Pre $1000 dollars pre $10000 dollars. By "pre moon" I mean that those price levels may not be caused by shorts closing positions. + +Those price levels could be reached due to true price discovery due to manipulators going bellyup coupled with FOMO. + +The play for hedgefunds and longs alike is to get a retail selloff on the back of the Vanguards, Blackrocks, pensions, etc exiting their positions at these levels. + +Understand, there are no friends in this. + +Institutions will collect their profit and if retail paperhands, all the better. They can use their profits to buy paperhanded shares before clearing houses are even a factor. Then the squeeze ACTUALLY jumps off, retail is locked out in the cold having paperhanded, and they just settle behind closed doors. Maybe they take positions of the defaulters in lieu of cash increasing their market control. Who knows? Certainly not retail if they bailed at 4 or 5 figures. + +Retail HAS TO ANTICIPATE there being a huge runup, then institutional selloff. + +Retail has to understand that it could be a MONTH before a clearing house STARTS liquidating someone that failed a margin call. + +They are betting we will be dumb money to the end, sell early and sell low before clearing houses even come into the picture. When things start happening it will be an exciting time for everyone that embarked on this journey. It will be emotional for many and that is what will make it dangerous. You absolutely have to be disciplined and stick to your plan, regardless of all the craziness that will be leveled at you. Ignore the media blitz. Ignore social media. Know and understand the DD. + +Set your floor. + +Set your target prices. + +Believe there are apes out there holding with you. There will be. + +Diamond Hands. 💎 👐 + +See ya'll on the moon, whenever. But we are going. +I usually buy outright and get the cheapest sim only deal that meets my needs. I've had my iphone 6 for about 5 years i think and its starting to drive me mad with slowness and general shittiness. I have the money to buy outright, is it the best option generally? My sim only is about 12£ per month +Towards the end of this [article](https://www.theguardian.com/uk-news/2022/nov/18/timid-jeremy-hunt-fails-to-reform-how-rich-are-taxed), the author writes the following: 'Currently, someone earning an income of £1m as an employee will pay 47% tax on every additional pound they earn, and their employer has to put in another 13.8% on top. If they can instead take their pay through a company they own and manage, they can take the money out as a capital gain. This allows the first £1m to be taxed at a rate of only 10%, after which the rate is still only 20%.' + +I'm just trying to understand how it would be possible for someone to take their pay through a company they own, get it out of that company as a capital gain and only pay a rate of 10% on the first £1m. + +I'm aware of Entrepreneurs relief, now called Business Asset Disposal Relief which comes with a number of eligibility criteria and a set of requirements...Is this what the author is alluding to? If this is the case, surely it wouldn't be as straightforward as the author makes it out to be? + +I'm of course not attempting to do this myself. This is simply for my understanding. +I just got a call from Commbank wondering if I was thinking of buying soon and if I wanted info on home loans. + +Found it very strange as it was out of the blue, anyone had a phone call from CBA or any other bank? +First time I've made a reddit account, and it's to air my incredibly shameful dirty laundry. I'm sort of out of options, and I was wondering if someone formally in my position could reach out for a chat? + +Background: I am very very aware that my debt and financial issues are my own doing. I have PTSD and depression and all the joys that go along with them, so when I get bad I go into a spiral of avoidance and ignoring issues. And I have had some bad times over the past five or so years that have led me to this. Not an excuse, just an explanation to say I know this is no one's fault but my own. + +I'm finally trying to claw my way out, but I feel like I'm suffocating under this heavy blanket of shame. My instincts are all screaming at me to keep ignoring everything but clearly that's not an option anymore! + +I was considering bankruptcy, but about $15,000 of my debt is SPER related so it cannot be included. + +Weekly pay is $836 net. + +Breakdown is: +Commbank credit card - $10,000 +Commbank loan - $11,000 (which I have defaulted on) +ALG bill - $950 +SPER - $15,000 + +The steps I have taken so far are opening an ING account to avoid monthly charges etc, and applying to a whole slew of higher paying jobs. I have also filled out about half of a bankruptcy application(?) but stalled when it got to declaration of debts when I realised about half my debt wouldn't be covered AND I would lose my car as it's held against the loan. + +So here I am. Struggling and scared. I know I can't ask for advice, and I'm not looking for a step by step guide, but really just hoping to hear from people who have been in my position and that there's hope. + +Thank you in advance (and sorry if I'm violating well.... every rule of the sub?) +For CSP it is easy to close out after you are happy with some % of profit because you get the collateral back. + +For CC I get a little lost. If I bought a stock at 30 and sold a CC for 35 with expiration in 1 week. And the stock goes down to 27. Let's say I'm not at 90% profit. Would it be optimal to close out and open a new one for next week (but now it will be at a lower strike to make a similar premium) + +&#x200B; + +Also sometimes for monthlies. the stock went way down, so now even if you closed out early, there wouldn't even be a new CC to sell that would be worth it. Wouldn't it be better just to let it expire +Sooo... over the last few years I’ve been gambling my money on options... and, until recently I’ve been down more than $30k over the last 2 years... I made about 70k on that craziness of GME and still holding some. However, I’ve pulled all my original investment out and enough to pay off my car and left my self $20k in my trade account. I’m looking to change my ways and not YOLO anymore.... it’s only worked twice, maybe 3 times 😂😂😂 + +Do you guys think $20k is enough to start making money the Thetagang way? I would stick to yoloing but my jobs in jeopardy within the next year, and trying to get a solid stream of income I can rely on. Won’t be withdrawing money for the next year to try and build it up further and may add more cash back in if it need to, however I would like to get to the point where I could have some steady income off of it. + +Appreciate the advise fellas +Sold CSP yesterday at market close. + +Got assigned this morning. + +Sold the stock right after, I am still up 5%. + +This means the other side lost the same amount. They could have just sold the stock in the market for more than buying a put and exercising it. +They essentially paid for my time value on the spot with no real benefit. That's before commissions. + +What am I missing? Was it someone testing their trading platform? Why would someone go through this trouble and end up selling stocks less than market rate? + +Edit: Corrected buy/sell +Any input to my strategy is appreciated. I was making some okay money using the wheel strategy in 2021 selling cash secured puts that expired worthless 90% of the time, and when assigned could sell the covered calls. Then 2022 hit and I've been holding Blackberry (BB) since January. I averaged down some, but holding 8,000 shares at $7.87 a share (closed today at $5.79/share). I'm down -27% on paper, and if you look at the options chain, there isn't much value to be had in weeklies or even one month out near where I got in (the 10/7 $8 calls are selling for $.04 at 29 DTE, not counting commissions, which are not exactly cheap on TOS selling 80 contracts). + +In early August (when it was at $6.30 and starting to rally), I figured I could wait until the stock turned around, so I sold the January 2023 $8 calls for $0.47 (0.35 delta at the time), allowing me to collect the premium and wait almost 6 months for a reasonable return on my patience. + +The stock went over $7 by mid August and I thought "Damn, I can't predict the market, but maybe selling so far out wasn't a good idea", not because it had rallied up, but because the calls I sold then got to be worth about $1, so my 6 month wait went from peaceful to stifling as the call options were then a paper loss of almost $4,500 (which were still quite out the money at the time). + +Then I came across a few Reddit posts (such as this: [https://www.reddit.com/r/thetagang/comments/po9c1w/how\_successful\_have\_you\_guys\_been\_with\_selling\_30/](https://www.reddit.com/r/thetagang/comments/po9c1w/how_successful_have_you_guys_been_with_selling_30/)) and figured I should try selling the 0.30 delta between 30-45 days to expiration and watch it closely. If it rallies up, then I could roll the calls up and out and wait for it to get back to my entry price. + +So yesterday I bought back the $8 January calls for $0.34 (delta at 0.30) which made just over $1,000. Not bad for waiting a month, but I think the 30/30 approach may be better, so I sold 50 contracts of the 10/7 $6.50 calls for $.18 (0.29 delta). I only sold 50 of the 80 because in a rare event the stock absolutely spikes (implied volatility of 0.75), then I'm not completely on the hook for the entire lot (e.g., if the company announces a takeover bid for $8 then I would have some profit offset the loss on the contracts). I could also sell the remaining 30 contracts later, such as for the 10/7 $7 call (.19 delta) for $0.10 for the same expiration. + +And in selling the 30/30 calls, what makes for the ideal exit point? When the calls makes 50% profit ($0.09 here) or loses 2x its value (rises up to $0.36) and sell contracts further out in date and price? Do you close out always with at least 7 days until expiration, or some other rule of thumb? + +Is there a better way of getting out when you're deep underwater? If Warren Buffet's first rule is when you're in a hole to stop digging, shouldn't the second rule be to dig yourself a staircase up? + +I'm considering also owning a deep in the money put far out and selling some poor man's covered puts (such as 29 days out for the $5.50 put at $0.28 with -.36 delta). That way whether the stock moves up, down, or sideways, there's still some money to be made. Or is that just a recipe for disaster pie? There could be some delta neutral approach here, but should you play both the call and put sides? + +Looking back, do you think it's better: (a) when assigned (like I was in January for BB) to create a stop loss at 10% down and simply exit a wheel? or (b) buy a long-term put as protection? or (c) exit out of sold puts when they get double in price (or you exit with 50% profit)? I think about this relative to a company like Robinhood (HOOD), which is down nearly 80% from its high a year ago of $47 (to about $10 now). If you get assigned, boy, sometimes you got a heavy, heavy bag to to hold and it may feel impossible to get out. + +TLDR: I'm bag holding, down about 27%, going to sell .30 delta calls 30-40 DTE to see if I can get back to even. + +Update 2: posting spreadsheet with profit/loss tracking so you can see what I do. + +[https://www.dropbox.com/scl/fi/xk00por1z0uvzmqrlaedm/BB-bag-holding.xlsx?dl=0&rlkey=m5cgd5tik56epfna6uym7h1j2](https://www.dropbox.com/scl/fi/xk00por1z0uvzmqrlaedm/BB-bag-holding.xlsx?dl=0&rlkey=m5cgd5tik56epfna6uym7h1j2) +Hi everyone. If my Theta shows -5 on Friday, will the weekend Theta (-$10) be deducted the next Monday or is it included and priced in already? Thank you. +I know there have been similar posts, but I wanted to know how you guys set limits in the current market. Generally, I aim for 50% if the trade is going my direction and my DTE is still 20+. However, in the case of my CSPs I wrote with 30 DTE, I already hit ~30% profit today on relatively low IV stocks. I decided to close given how quick this flip was. Obviously this depends a lot on the underlying, but generally speaking (with non-meme stocks) would you guys just keep holding until 50% profits? +I'm curious if others would be willing to share their rules or guidelines when selling CSPs and CCs. I've been an option buyer for a little while but am now transitioning to selling CSPs and CCs. I've just started wheeling. + +So, I am using a delta threshold of <0.3, which seems pretty common. + +I also look at the premium to strike price ratio (return if expires OTM) and the DTE. My benchmark has been a 1 to 50 or better premium to strike price ratio at 30 DTE or less and 1 to 33 at 30-45 DTE (basically, a minimum 2% return per month if expir OTM). I expect more from high IV stocks, but that's my bare minimum for selling a CSP or CC. + +I know a larger (greater negative) theta is desirable and means faster decay, but I haven't nailed down any kind of threshold for theta yet. I use it to compare opportunities when I have to make a choice, but I'd be keen to hear if you use a theta threshold. I've been pushing for a strike price as close to ATM as possible that still has an acceptable (low) risk of assignment, is below my delta threshold, above my minimum return % at the OTM expiration, and has the shortest holding period matching all the other criteria. I wonder though if this risks having to hold the option longer to get the desired decay/return than might happen if I was screening for theta instead. Then again, theta is highest closest to expiration and ATM, so maybe I'm estimating it well enough? Do any of you have a minimum theta number you use or a way you incorporate theta into screening options? + +I also know some folks use IV as a screen, which I understand may locate higher premium to strike ratios (better returns) but also seems to skew toward higher risk of both assignment and the underlying asset moving deep ITM (=a large loss for a CSP). In other words, it seems that an IV screen wouldn't isolate better *risk-adjusted* returns (and may actually make them worse). What people use seems to vary widely and I suspect that's a product of risk tolerance and goals. If I could average 2% a month that would be phenomenal. Heck, if I averaged 1% a month, compounding monthly that's a 12.7% annual return -- far better than the S&P500 average. + +With stocks like $GME, it seems the ridiculously high IV is also declining steadily, which might add buffer and profit to selling CSPs (being on the right side of an IV crush). Screening for high IV could possibly spot similar scenarios, I suppose. Does anyone make this a regular part of their strategy? Do you have criteria you apply for spotting an impending IV crush you can capitalize on? + +I'd be keen to hear about the standards and thresholds others might be using. I'm relatively new to selling CSPs and CCs and have been consuming Kamikaze Cash, Tastytrade, posts in this sub, and other links I found here and elsewhere, so I hope this isn't too much a retread / tired old question. I also hope my understanding here is reasonably accurate! (If not, I'd appreciate being corrected.) I know everyone has different goals, risk tolerance, and approaches, so I'd love to just hear from folks about their criteria and underlying thought process. + +Mods: If this should be elsewhere or is too beginner to fit the sub, feel free to delete and let me know (and my apologies). + +Disclosure: I am not a financial advisor, this is not financial advice. I am short GME puts (selling CSPs). +https://www.cnbc.com/2020/06/30/google-raises-price-of-youtube-tv-to-65-a-month.html + +YouTube is raising its monthly subscription to its television package by $15 starting this month. + +While the company said it added ViacomCBS brands to YouTube TV, it also said it understands if customers want to pause or cancel their subscriptions due to the price hike. + +It follows a prior price bump a year ago. +Just happy with my performance and wanted to share. I've been trading in Sim both TOS and DAS for over a year but finally got enough capital together to make a solid go of it. + +After all fees I'm up about 3-4% this week. Really solid and I'm thrilled that unlike my first foray into penny stocks years ago, I'm keeping small and consistent and doing really well managing my emotions and risk. + +I'm still so far from liveable wage level it hilarious but I'll get there eventually. A year or two and I'll be there. Just have to keep grinding this out a little at a time. + +Now a poll, what's your favorite pattern to trade intraday? + +EDIT - I don't mean to imply that I made no losing trades this first week. In fact my accuracy was around 50% and I definitely overtraded in the chop fest on Thursday. Just meant to say and celebrate that I was not red any day this week. Thanks for all the input, guys! Much appreciated! +https://www.cnbc.com/2019/03/26/tech-companies-havent-been-this-negative-about-a-quarter-in-six-years.html + +Technology companies are lowering their revenue guidance for the first quarter at a rate not seen since the fourth quarter of 2012. + +The moves come against a generally dismal backdrop for corporate profits, with the S&P 500 expected to show a year-over-year drop of 3.7 percent. + +Despite the dour outlook, stocks have held up well, with the Nasdaq tech barometer up more than 16 percent. +I live in Italy, the north of it. Tomorrow there will be declared red zones the REGION Lombardia (where Milan is) and other major cities like Venice and lots of others you probably haven’t heard of. Red zone: nobody enter/exit. We are currently not going to school/ University from 2 weeks. Jobs are smart working, some of them full shut down. Only the doctors in full hours. New 20000 job assumptions in the medical field. We are ready for the worst. Is also starting to spreading the message of not exiting the house other than for buying food. This has to be blocked. Our index dropped already 20% until Friday. +I’m very concerned about the USA. They are undervaluing it. Would like to share opinion with you Americans about what is the REAL situation there and what is the feeling. Same here, if you have question ask. From a investing point view. I don’t think Italy is done with the drop but there are way more juicier opportunities. What do you think? +Hi there! throwaway account for obvious reasons, long time lurker but now I have this account to contribute to fatFIRE discourse. + +&#x200B; + +Over the past year I've been going through the process of getting my second citizenship with St Kitts via Golden Visas (donation, not real estate purchase), and I'm finally at the stage where I'm waiting for my passport in the mail. I'm wondering if anyone on here has any advice (from trial and error) they could give me on the next steps after receiving their passport? Where to look for a three month 2 bedroom lease, setting up a bank, resourceful websites, etc. Things like setting up and getting acclimated as a citizen of St Kitts. Or anything else you think I should be aware of as a newly naturalized citizen? + +&#x200B; + +Advice and experience from the respective law office / GV only goes so far, I would absolutely love some input from folks who've experienced the process first hand. + +&#x200B; + +Thanks! \~OP +You know like you already played the money game, you won it fair and square, you felt the rush, the thrill of the fight, you checked that box out of your bucket list and now you're right back where you started. +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've been going down a Michael Saylor rabbit hole these last couple of weeks as I've continued a DCA strategy into Bitcoin. + +I'd like to think that I've pretty much listened to the wide majority of podcasts, videos, and relevant Twitter stuff that people associate him with, including his new mantra that "Bitcoin is digital energy." + +Needless to say, I really enjoy and like listening to Saylor. So much so that I try to take concentrated pullbacks and stop myself from just nodding my head and agreeing with everything he says. Otherwise, I find myself falling into confirmation bias. + +What are the best legitimate criticisms of Michael Saylor that you know of? Stuff that would make you pause and perhaps rethink how optimistic he is or reframe him as what he is...just a guy? +[https://www.businessinsider.com/coronavirus-could-cost-apple-4-billion-this-quarter-2020-2?utm\_source=dlvr.it&utm\_medium=twitter](https://www.businessinsider.com/coronavirus-could-cost-apple-4-billion-this-quarter-2020-2?utm_source=dlvr.it&utm_medium=twitter) + +4 billion? +I think that is more than a little optimistic. +Consider all apple production has ground to a halt,of anything.Not just phones,but computers and everything they make. +Kind of hard to make money selling something that does not exist because your manufacturing capability was totally shut down. +The pace at which good things happen on Ethereum is accelerating: + +\- [The amount locked in defi is booming](https://defipulse.com/) + +\- [Scaling through Plasma is actually happening right now](https://np.reddit.com/r/omise_go/comments/eq7mn4/omg_network_security_audit_complete/) + +\- [Scalability under its rollups form is already here on eth 1](https://np.reddit.com/r/ethfinance/comments/e83l6u/jeremy_allaire_with_the_ethereum_istanbul_hf_zk/) and allows more than 3,000 tps (more than VISA) + +\- Despite the delays, [eth 2 is undeniably happening](https://blog.ethereum.org/2020/01/16/eth2-quick-update-no-7/) + +\- [EIP 1559](https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md) will most likely be implemented and will significantly reduce issuance + +\- [The merging of eth 1 into eth 2 (eth 1.5)](https://np.reddit.com/r/omise_go/comments/eq7mn4/omg_network_security_audit_complete/) is a superbly elegant solution to the two chains problem and will not only make the transition way quicker but will decrease issuance even more + +\- [On-boarding through communication and education is finally fully part of the](https://medium.com/marketingdao/introducing-the-ethereum-marketing-dao-89ce07229c3c)plan + +\- Communication to the community has improved a lot (big up to Danny Ryan) + +\- The interconnected dapps ecosystem (LEGOS thing) is becoming more and more robust every day. Take part in [PoolTogether](https://www.pooltogether.com/)'s no loss lottery, switch you eth to the stablecoin dai using Uniswap without even leaving PoolTogether. + +\- No other platform comes close to any of this + +There are still mountains to be climbed but it's all looking pretty damn good. + +If you're interested in learning more about Ethereum, consider joining [r/ethereum](https://np.reddit.com/r/ethereum/) and especially [r/ethfinance](https://np.reddit.com/r/ethfinance/) +2 month ago I started tracking a anti-/r/investing portfolio with 45k using largely contrarian ideas to the majority opinion in this subreddit [here](https://www.reddit.com/r/investing/comments/4n5net/antirinvesting_portfolio_1_month_performance/) and [here](https://www.reddit.com/r/investing/comments/4gzk0n/i_have_created_a_antirinvesting_portfolio/). +>Short US equity +>Long US treasuries +>Long hard assets: gold miners and farm land +>Long EM + +Additionally + +>Short Indexes +>Long specific stocks +>Long active management + +There has been no movement of capital (distribution or contribution) since last month. I have switched methodology to reporting at month end, so some of the performances last report have shifted to June. + +Performance: +May: -2.2%, June: 12.4%, Since Start: 9.9% + +Current 1 month performance is 12.4%, primarily driven by the rally in GDXJ on the backs of brexit volatility and a continuing recovery in EM sentiments given now lowered expectations of rate hikes. I have closed my short SPY position on June 28, given the strong bullish reaction of the us market and covered with a selldown of a similar sized position in IEF and as a result avoided significant losses, but will re-establish the position over the coming months. I sold down 35% of my position in GDXJ to avoid the uncertainty prior to brexit. + +New position added include a 3k position in JD.com. I think there is significant discount to chinese listed companies in the US and hate for Chinese companies on this subreddit. I think the amazon model of JD wins out in the long run versus Alibaba and the company could be a potential 10 bagger given the leapfrogging potential of Chinese retail. The main risk is currency going forward. + +http://imgur.com/a/1G03W +Not shown is a 4,060 cash position +Hi guys. + +I have been doing the mega backdoor roth for the past 7 years. It's been wonderful and now looks like I might lose that option next year. + +It looks like a brokerage account is my best option for dumping money in after I've maxed out my Roth 401K at work. + +I have friends at work that have huge tax bills every year because they have a brokerage account with millions invest in the S&p 500. They have to pay taxes on the dividends then re-invest it. It seems like for every million you have invested in an index fund it's about 3k for taxes/year. + +I'm going to put all excess savings in my brokerage now that I can't do a mega backdoor roth/back door roth. How should I proceed? + +1. Invest in S&P 500 index fund and pay the taxes on the dividends each year. +2. Invest in something like VTCLX that is supposed to do a better job at taxes (but I looked it up and they still had a 1% dividend). +3. Invest in single stock without dividends like TSLA + +Thanks in advance. +I came across Jerome Powell’s disclosure of his investment holdings. It looks like a pretty basic mix of (a ton) of index mutual funds and ETFs. + +I see a lot of discussions in this sub about diversifying into private equity/hedge funds/managers, but looking at Jerome Powell’s holdings, it seems to further push the narrative that a basic index portfolio can work for those huge portfolios and those with huge power. Despite running the Fed, he still follows a setup anybody can replicate. I think a lot of you would find this interesting. + +[Here’s a link to the PDF of Jerome Powell’s disclosure to the Office of Government Ethics (OGE)](https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/5B86DBF3EBE069DB8525857F0027DBD0/$FILE/Jerome-H-Powell-2020-278.pdf) +Total value: $369,509.20 + +Overall change: $80,832.29 (28.00 %) + +If there's enough interest, I'll post the specific stocks mentioned as well as their buy/current prices as well as how it's done. + +I was pleasantly surprised that /r/investing seemed to have a good idea on stocks during that week(end of Nov into early december). + +Nothing fancy, just an interesting look at how some of the "I have a good feeling about X" have done over the course of just shy of 1 year. + +Edit: I will update with details later this evening. Bear with me, as formatting can be a PITA. Also keep in mind I may have missed some discussed mainly during "off hours". These were generally hyped by a few people, versus every single "I LIKE THIS STOCK EVEN IF NO ONE ELSE DOES" posts. + +Edit 2: Here are the main ones that came up during that week: + +Stock Shares Purchase Price Current Price Total Value Total Gain/Loss + + PHILIP MORRIS 110 $89.73 $82.95 $9,124.50 -$746.17 (-7.56 %) + + BRITISH AMERICAN TOBACCO 100 $105.01 $101.19 $10,119.00 -$381.99 (-3.64 %) + + FIRST SOLAR INC 375 $27.21 $36.92 $13,845.00 $3,639.45 (35.66 %) + + SEAGATE TECHNOLOGY 375 $25.39 $38.87 $14,576.25 $5,055.00 (53.09 %) + + ARCADIA RESOURCES 1649 $0.00 $0.00 $2.14 $0.42 (24.34 %) + + BP 250 $41.48 $42.12 $10,530.00 $160.00 (1.54 %) + + LENOVO GROUP 525 $18.75 $19.19 $10,074.75 $231.00 (2.35 %) + + UNITED PARCEL SERVICE 125 $73.62 $85.64 $10,705.00 $1,502.50 (16.33 % +) + FEDEX 115 $90.38 $108.50 $12,477.50 $2,083.81 (20.05 %) + + GYRODYNE CO OF AMERICA 95 $110.84 $70.65 $6,711.75 -$3,818.04 (-36.26 %) + + AT&T 300 $33.99 $33.58 $10,074.00 -$121.50 (-1.19 %) + + COMCAST 275 $36.76 $41.92 $11,528.00 $1,419.00 (14.04 %) + + VERIZON COMMUNICATIONS 225 $43.67 $46.56 $10,476.00 $650.25 (6.62 %) + + TIME WARNER CABLE 105 $93.62 $108.03 $11,343.15 $1,513.05 (15.39 %) + + BLACKBERRY LIMITED COMMON STOC 850 $11.93 $10.30 $8,755.85 -$1,384.65 (-13.65 %) + + PITNEY BOWES 950 $11.17 $16.85 $16,007.50 $5,396.00 (50.85 %) + + ACADIA PHARMACEUTICALS 1900 $5.39 $20.11 $38,209.00 $27,965.15 (272.99 %) + + MERRIMACK PHARMACEUTICALS 1450 $6.98 $3.33 $4,828.50 -$5,292.50 (-52.29 %) + + ACELRX PHARMACEUTICALS 2150 $4.73 $10.17 $21,865.50 $11,696.00 (115.01 %) + + ARENA PHARMACEUTICALS 1100 $9.07 $6.69 $7,359.00 -$2,612.50 (-26.20 %) + + VIVUS 900 $11.49 $12.38 $11,142.00 $801.00 (7.75 %) + + OREXIGEN THERAPEUTICS 2075 $4.78 $6.83 $14,172.25 $4,264.13 (43.04 %) + + MANNKIND 5000 $2.12 $5.80 $28,975.00 $18,400.00 (174.00 %) + + SUNSHINE HEART 1500 $6.71 $11.66 $17,490.00 $7,425.00 (73.77 %) + + SAREPTA THERAPEUTICS; INC. COM 350 $30.10 $34.64 $12,124.00 $1,589.00 (15.08 %) + + OXIGENE; INC. COMMON STOCK 1116 $5.04 $2.39 $2,667.24 -$2,956.08 (-52.57 %) + + DYNAVAX TECHNOLOGIES 3500 $2.88 $1.26 $4,410.00 -$5,670.35 (-56.25 %) + + NEURALSTEM 8000 $1.22 $1.62 $12,960.00 $3,200.00 (32.79 %) + + EXELIXIS 1950 $5.18 $5.03 $9,798.75 -$302.25 (-2.99 %) + + CELLCEUTIX CORPORATION 8500 $1.18 $1.91 $16,235.00 $6,205.00 (61.86 %) + +Yes it's a small sample size, and no it didn't include TSLA. This was almost a year ago, and either TSLA wasn't getting hyped, or it was getting hyped at some point other than that short interval. + +**Edit 3: Since formatting sucks, here's an upload to Google Docs of the Excel Spreadsheet:** + +[HERE](https://docs.google.com/file/d/0B1sWko_y1rq1MW9aUTJnWFpLdVU/edit?usp=sharing) +From Stansberry Research: + +Recently, I wanted to transfer some **Ethereum (ETH)** from my MetaMask wallet to a centralized exchange. Simply sending my Ethereum from one address to another would have cost $80. That wouldn't bother me if I were trying to send $1 million worth of Ethereum. But I was trying to send just $100. + +That means it would have cost me $180 to do a $100 transfer. Meanwhile, I could do a similar transaction for about $0.05 on Binance Smart Chain. + +I closed MetaMask and decided to do the transaction later. And I'm not alone. Over the past few months, we've seen a massive uptick in transaction fees on Ethereum. + +In some ways, Ethereum has become a victim of its own success. As the fees have increased, we've seen users and projects begin migrating to other blockchains known as "Layer 2" solutions. + +If you think of the Ethereum network itself as the base layer, or "Layer 1," then Layer 2 are simpler, more lightweight solutions that run on top of that base layer. It sounds great, but it's becoming increasingly clear that there will not always be a Layer 2 solution that scales Ethereum... and that there will be no single blockchain for everything. + +So we live in a multichain world where Layer 1 blockchains like Ethereum, **bitcoin (BTC)**, Polkadot (DOT), and portfolio holding Cosmos must coexist with Layer 2 solutions. + +Virtually all of the complaints about Ethereum are that it is too expensive to use and transactions take too long. Some take so long to complete that they end up failing, even after a user pays fees. + +It only makes sense that the dozens of projects working on Layer 2 solutions for ETH are focusing on either lower fees, faster transactions, or both. + +The thousands of blockchains (and the blockchains that run on top of them) can be confusing and overwhelming not just for users like us, but for developers as well. A huge number of sidechains are being developed, and they all have fancy, sci-fi sounding names: + +* Proof-of-stake chains +* Plasma +* Zk-Rollups +* Optimistic Rollups + +All of these Layer 2 solutions for Ethereum come with unique benefits and trade-offs. And the simple fact is that what works for one project might not work for another. That makes the landscape of Layer 2 solutions a mess to navigate. + +Today's recommendation hopes to streamline and interconnect all of Ethereum's Layer 2 solutions. It's called **Polygon (MATIC)**, and we believe it could become a key building block for the entire ecosystem. Here's what has us so excited about it... + +Polygon is the "Swiss Army Knife" of scaling solutions on top of Ethereum. Developers can go to Polygon and pick whichever solution works for them. That will eventually include all of the leading scaling solutions today, as well as sidechains and custom solutions for unique situations. + +MATIC tokens are governance tokens for all of Polygon's services. They're also the payment mechanism for transactions on the MATIC sidechain (in other words, MATIC serves as "gas" similar to how you must spend ETH to use the Ethereum network). + +Since it's built on top of Ethereum, it accrues usage and value to the main Ethereum network. That's not just good for Ethereum investors... we believe it will help the project attract developers who would rather build on Ethereum than competing blockchains. + +It's growing rapidly, with more than $200 million locked on its first sidechain. And a growing number of apps are integrating its technology, including the predictions market Polymarket and QuickSwap, which is a decentralized exchange like Uniswap. Transactions that might cost as much as $200 on Uniswap cost a few cents on QuickSwap. + +Polygon developers are hard at work on a new suite of tools, the Polygon SDK, which will give anyone the ability to roll out their own blockchain as a sidechain or Layer 2 on Ethereum. This will give Ethereum developers abilities similar to those on Cosmos and Polkadot. + +Because gas fees have become extremely high, the adoption of Layer 2 solutions could happen much faster than most traders believe. Polygon's leading competitors have market caps of $4 billion or more. Meanwhile, MATIC's market cap is only $1 billion. + +Edit: Mark Cuban is an investor and the founders made an appearance on bankless on youtube +With all these posts I'm seeing about everyone doing good deeds and planting trees if the price equals $X etc. I thought it might be helpful to point all you wonderful apes in the direction of an awesome tree planting company. I'm working with them just now on a project to plant an entire forest and they are brilliant at what they do. They have a cool dashboard where you can see your impact etc. (Nice and easy to share if you need proof or ban!). One of the few companies I spoke to while tendering my project that were more focused on helping the planet than the commercial aspect of what they do. They also do things like sell carbon credits from their various schemes which means you can offset some of your own emissions etc. if that's the kind of thing you are into! Please note that I do not condone sticking carbon credits up your butts. + +The company is called More:Trees - [https://moretrees.eco/](https://moretrees.eco/) + +Cant recommend them highly enough! I'm not certain if they offer the service worldwide but sure worth checking out. If you cant use them in your country for whatever reason, their parent company is called "The Hut Group" and you might be able to use them instead. + +For a bit of that good old fashioned feel good factor, if anyone decides to plant a tree off the back of this post, drop me a DM and I will collate the responses and update with how many trees we have planted! And just to top it off, for every tree one of you beautiful apes plants, I will match it (up to a max of 100 trees! #Europoorhere.....) + +Happy Planting Folks - Great Oaks from Small Acorns Grow - Lets plant a freaking forest SuperStonk! +Update: Now 100% + +&#x200B; + +[100&#37; Utilization](https://preview.redd.it/g3uy7qovi1771.png?width=1916&format=png&auto=webp&s=c1ff20ffb301aa5a343038f04a30f756af52c761) + +&#x200B; + +**SPRT Short Interest and Utilization is huge** + +The current and correct numbers for short interest are difficult to obtain because the US exchanges only publish this data twice a month and this data is also already delayed by 8 days. In addition, institutions in Europe only have to report the data when it reaches a certain threshold. + +This makes it extremely difficult to obtain the exact short interest values, as is now widely known since the meme stocks. + +ORTEX collects these data from a huge pool in which all these data converge and generates its estimates from these data on a daily basis. The data are thus much more up-to-date and accurate than, for example, the data on Yahoo Finance or similar sites. + +&#x200B; + +[short interest of SPRT](https://preview.redd.it/92ir2fenvz671.png?width=1738&format=png&auto=webp&s=58a79f89e926d4e7c2b4181610288f9af6324acf) + +&#x200B; + +In this screenshot we see that the utilization is 97.34%. When this value reaches 100, there are no more shares that can be shorted. Shorts must then either cover or be extended. (or create fake shares and make it even worse, see naked shorting) + +Extending these shares costs a fee. This fee continues to rise. It is currently at 11.07 USD (cost to borrow) and has already risen by 44% in the last few days. + +Of all available shares in free trading, at least 61% are borrowed from institutions. In total, about 70% of the free float is shorted. (Yahoo Finance old data shows "only" \~40%). + +This means that slowly the price can no longer be artificially depressed. Shorts have to either cover or cost-intensively extend. + +With the low volume and the high proportion of short interest, at least a price jump is possible here, and with sufficient buying power a short squeeze. + +&#x200B; + +**Interesting not only because of squeeze** + +I am a big fan of SPRT and am extremely excited about the upcoming merger with Greenidge. You can find a detailed DD in my profile. The companies are both profitable and Greenidge in particular has an extremely profitable business model. So I am not only invested because of the short interest but these numbers are incredible. + +You can only see such potential for a short squeeze in a few stocks right now (are there any?). + +SPRT is a ticking time bomb and if a critical measure comes in, the prices will skyrocket. +Hi all, + +Recently came across a blog site looking at Sustainable Withdrawal Rates (SWR), and the proportion of equity:bonds in investments over time (https://earlyretirementnow.com/2020/11/09/what-is-wrong-with-target-date-funds/) + +The argument is that the conventional rule of thumb as I understand it (i.e reducing equity:bond ratio with age) is not as an effective strategy compared to a "bond tent" (i.e. shift more into bonds before retirement as normal, but then quickly shift out of bonds again, to 80 or 100% equity, in retirement). + +Has anyone come across this, or uses this themselves? I would love to know the community's opinion. + +Many thanks. + + +EDIT: I am referring to the strategy of equity:bond ratios over time, not a comparison between actual TDFs (e.g., Vanguard Target Retirement 2050 Fund) and a DIY portfolio. +First off, thank you for reading and your time. + +I live in SoCal with my wife. We’re currently renting a 1 bedroom for $1800. + +We would love to purchase a home, but the cost of living here in Los Angeles as you know is very high. + +A property that would interest us runs around $8-850k. Needless to say that’s a major commitment, and outgo increase. + +Truth be told, we have no issues renting for now. Our goal is to save 2-300k for a big down payment but that will take a few years of saving. Again, rent is at $1800. If we purchase, our outgo will go up to around $4-5k all in (mortgage, insurance, property tax, etc). + +Now, after doing some research and I found out that we can invest in a smaller apartment complex in Fresno, California. It’s a 4 unit complex with each unit at 2bed 2bath for $590k. The outgo there will run around $2500 - $3000 after our down. Keeping in mind the rent collected should cover the outgo. + +I’m stuck... I don’t know what the better financial move is. Anyone with advice? I would really appreciate it. + +Thank you all very much again for your time. +The other subreddits have caught on to this as well: [https://www.reddit.com/r/stocks/comments/l53bbw/todays\_posts\_about\_nok\_and\_amc\_on\_this\_sub/](https://www.reddit.com/r/stocks/comments/l53bbw/todays_posts_about_nok_and_amc_on_this_sub/) + +You can literally go into the daily thread right now and one guy whose account is two months old just spam that NOK is a good buy. No history on any other stock whatsoever. + +Edit: People are arguing that NOK is solid, that's not really my point. I think just letting outsiders promote stocks on this subreddit sets a dangerous precedent +For anyone who thought FIRE was a new thing, here's Richard Hannay, in the opening of "The Thirty-Nine Steps" in May, 1914.. + +"I had been building up those last years in Buluwayo. I had got my pile - not one of the big ones, but good enough for me; and I had figured out all kinds of ways of enjoying myself.... Here was I, thirty-seven years old, sound in wind and limb, with enough money to have a good time..." + +Hannay has been working as an engineer (!) in a LCOL area (South Africa)... + +"But from the first I was disappointed with it. In less than a week I was tired of seeing sights, and in less than a month I had had enough of restaurants and theatres and race-meetings..." + +Luckily fate intervenes in the shape of a (spoiler alert) dead man in Hannay's flat, and from then on it's off for a life of... well, you could say, volunteering, hiking, role-playing... + +Sound familiar? +Today's "morning dip" wasn't your normal dip. It was a nosedive. But why? Why such price movement? Why throw over 100,000 shares at a problem to move the price if this line wasn't an issue?? Was it bad news in the company? Nope. Someone got fired? Nope. A missed product launch date? Nope again. + +[I posted yesterday about how the price](https://www.reddit.com/r/Superstonk/comments/p65oe4/weve_only_been_north_of_this_support_line_twice/) comes RIGHT UP to this imaginary line that we have noted, then very strange downturns happen. It seems to be this big, scary thing for someone, because every time we approach or cross this line, it gets OBVIOUSLY manipulated, thrown down away from this point. I've also noticed that every time this happens, a big wall is set up for the rest of the day, or until the price gets far enough away ($10 or so) that they can react quick enough if it starts approaching the line again. I'll be watching this one today to see if it gets dropped before closing. + +https://preview.redd.it/uenjgv39i4i71.png?width=1482&format=png&auto=webp&s=883bd02e163675b73e11ac6901995f97fd71e176 + +This is the 13th "near touch" (within $1) or "touch" on this line in the past 3 months, since the shareholder meeting (note: the big spike on the chart below is "the shareholder meeting" week, with that massive down spike being the end of the shareholder meeting). 13 points of confirmation on a single line!!!! That's not a fluke. There's something here, I just don't know for sure what. What is it about this line that has you so scared, Kenny??? + +https://preview.redd.it/t5srv5h7j4i71.png?width=1113&format=png&auto=webp&s=e4e90023ca1d77cfa4a282671f3b2f0df7d6f431 + +The tighter this spring gets wound, the harder it will be for this to continue. At least, that's my thought. Take it with a grain of salt or two. + +It's on sale today, though. So buy your tickets early if you can. (NFA) + +&#x200B; + +**EDIT 1:** 2,000 wall is still there, an hour and a half later as the price bumps up against it a couple of times. + +**EDIT 2:** Afternoon check-in.... Wall is still there at 162.43. I guess it hasn't been lowered enough that they feel safe to drop it, yet. In fact, there appears to be a few small ones all the way up, and another big wall at 165. I guess.... Just in case?? Someone really doesn't want this moving green today on accident. + +&#x200B; + +https://preview.redd.it/6zykbrtxn5i71.png?width=353&format=png&auto=webp&s=244b4223fc11e939433bb8ffb077d3debccf13b1 + +Another interesting note is the 15K and 17K volume bombs that were placed around 157.9. We've been trading with volumes of 3K-5K all day, but those dropped in, but didn't budge the price -- DESPITE the fact that there weren't that many shares at that price at that time available on the books. (I know... I know... don't blast me about "order book not being the end-all-be-all." I'm just saying... it's interesting how that "just happens", which only adds to the "rigged casino" vibe.) + +&#x200B; + +https://preview.redd.it/tvmsil6ho5i71.png?width=181&format=png&auto=webp&s=a27a883696843994113e7984d5457b4b476f5444 + +[And another 18K volume that just popped in.... again, not moving the price.](https://preview.redd.it/a9blst28q5i71.png?width=503&format=png&auto=webp&s=fb508e1ae79b9910713c6bac1ff4aae5ce97b7d0) + +**Power-Hour Edit:** Looks like the two walls are still there. From 9:45am through the entire day, and not a single one of their "wall" shares sold. I've kept a fairly close eye on this today, and that number hasn't moved. + +https://preview.redd.it/cr6716nd36i71.png?width=357&format=png&auto=webp&s=0007ec491c677ead585bb0b546620c701a77d0d8 + +It is interesting how we had some big volume minutes (comparatively) today. And in all of the volumes over 8,000, the price didn't move more than a few pennies -- with one exception at 14:21. That 16K volume spike caused a 50-cent spike, that was quickly brought back down to below the previous value) within the same minute with right at 1k volume. + +[More \\"rebalancing\\" in a dark pool or something????? Who knows. It's not visible to us plebs.](https://preview.redd.it/e8klt9mf36i71.png?width=1115&format=png&auto=webp&s=4649bf42af827e91b3920b31dd7da2d6acb56b85) + +&#x200B; +Long post ahead, but I encourage you to read the whole thing. *(This is a re-post and an updated version of a GME DD that reached the front page of WSB and many requested it to be pinned. I am re-posting for visibility and because I believe the message should be shared, particularly at this junction in time. If you've seen this post before, I would appreciate an upvote for visibility)* + +TLDR: **Data points strongly point to Hedge Funds using tricks to appear as if they covered their shorts when they haven't truly covered, specifically an illegal method/loophole to "cover" their shorts with synthetic long shares generated from the use of options**. Full details below. + +There’s an insightful piece on [TradeSmithDaily](https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/) that identifies two ways for both short interest and price to fall quickly. + +The first scenario is from retail investors not holding the line and panic selling, driving the price down further, releasing into the market more of the float and enabling shorts to cover/buy back shares at progressively lower levels. + +\*\* + +From TradeSmithDaily: + +Plummeting short interest along with a plummeting GME share price, in other words, could indicate that the Reddit army is headed for the hills, and the longs were selling early, giving the shorts a means to cover, as the longs got out… Important to note that if the long holders of GME shares did not break ranks and sell en masse, it would have been impossible for the share price to fall and hedge fund short interest to fall at the same time. because, without a critical mass of long-side holders selling into the market, the hedge funds covering their shorts would have nobody to buy from as they covered (bought back) their short positions. + +\*\* + +The second scenario is where hedge fund short interest in GME didn’t really dissipate but instead they played a trick to make it seem like it did, demoralizing the retail side and further “breaking the squeeze.” + +\*\* + +From TradeSmithDaily: + +The way the hedge funds could have done this — made it appear as if they covered their shorts, even when they really didn’t — involves trickery in the options market. + +The tactics involved are not a secret. In fact, the Securities and Exchange Commission (SEC) knows all about such tactics, and published a “risk alert” memo on the topic in August 2013. + +The SEC memo is titled “Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.” You can [read it here via the SEC website](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf). + +The memo contains a dozen pages of highly technical language, but here’s a quick rundown: + +* If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades. +* A hedge fund that is short a stock can write call options on a stock — meaning they are now “short” the call options, having sold the call options to someone else (typically a market maker) — and simultaneously buy shares against the call options. +* The shares bought against the call options could be “synthetic” longs — meaning they are not part of the original share float of the stock — as sold to the hedge fund by the market maker that takes the other side of the options trade. +* This works because, if a market maker buys options from an options writer, the market maker has legal privileges to do a version of “naked shorting” as part of their hedging function. This is necessary, under the current rules and the current system, for market makers to protect themselves when facilitating options trades. +* As a result of the above transaction, the hedge fund that sold short calls was able to buy synthetic long shares against the calls. (A synthetic share is one that has a long on one side and a short on the other but wasn’t part of the original float.) The synthetic long shares are the other side of the naked shorts, legally initiated by the market maker, so the market maker can hedge. +* The hedge fund that bought the shares can now report that they have “bought back” their short position via buying long shares — except they actually haven’t! The synthetic shares they bought are canceled out against the short call positions they initiated, a necessity of the maneuver by way of the market maker’s hedging of the call position they bought from the hedge fund. + +It gets very complicated, very fast. But the gist is that **hedge funds can use tricks to make it look like they’ve covered their shorts — even if they haven’t truly covered, and can’t, for lack of available float — by way of exploiting loopholes** that exist due to an interplay of reporting rule delays, market maker naked shorting exceptions, and legal practices of synthetic share creation (new longs and shorts made from thin air) relating to market-making. + +Below is a section of the SEC memo (from page 8) that gets to the heart of it: + +***“Trader A may enter a buy-write transaction, consisting of selling deep-in-the-money calls and buying shares of stock against the call sale. By doing so, Trader A appears to have purchased shares to meet the broker-dealer’s close-out obligation for the fail to deliver that resulted from the reverse conversion. In practice, however, the circumstances suggest that Trader A has no intention of delivering shares, and is instead re-establishing or extending a fail position.*****”** + +\*\* + +In short (no pun intended) these tricks “help hedge funds maintain short positions that, legally speaking, they weren’t supposed to have because the shares were never properly located”. Which triggers alarm bells when we consider the extraordinarily high amount of FTIDs/Failed to Deliver Shares ([https://wherearetheshares.com/](https://wherearetheshares.com/)) and Michael Burry’s (now deleted tweet viewable here [https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en](https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en)) about how when he called back shares he lent out, brokers took weeks to actually find them with the implication they could not be located. + +These factors lend credence to the idea that shorts weren’t really covered but were given the impression of being covered with trickery using options, in order to “cover” short positions they shouldn’t have had to begin with because shares were never properly located. + +If this is true, and as explained there are signs that indicate it is, this would allow short side funds to prolong their short positions indefinitely. This inspires a thought experiment, **if funds are able to prolong their short positions with this method, wouldn't it make more financial sense for them to prolong their shorts rather than truly cover and close out their shorts at a -500% to -5000% loss** when prices were at 300-400 last week (when they supposedly closed out a majority/large amount of short positions)? The saying for stocks goes "its only a loss when you sell." The version for shorts would be "its only a loss if you close out your short positions." + +Another factor to consider is there are well reasoned posts [here](https://www.reddit.com/r/wallstreetbets/comments/ledjwa/how_there_is_no_mathematical_way_shorts_were/) and [here](https://pastebin.com/AuhuKJu4) (now a pastebin, originally a popular post from a reddit user) that present the argument that, mathematically speaking, shorts could not have afforded to truly cover the majority of their positions. Based on this logic, if shorts could not have afforded to truly cover most of their positions, it may have made the most sense for shorts to only cover their most underwater positions and prolong the majority of remainder shorts positions with the help of synthetic longs. The end goal being to wait for retail interest and stock price to go back down before truly closing all their positions (though FTID/phantom shares caused by the synthetic longs may be another complication for shorts to close their positions.) + +In addition, one point that may be relevant to explore is if a large amount of short positions were indeed truly covered, there would theoretically be immensely strong buy pressure to drive the price of the stock up. Instead, during this past week when shorts supposedly covered, price of the stock somehow went into a free fall. Why? Something to think about. + +I would be remiss to mention that another data point that may be of significance is that an entity recently purchased 43 million dollars worth of 800 dollar call options to expire in March ([screenshot from a WSB post](https://preview.redd.it/b21gob6z5ze61.png?width=1788&format=png&auto=webp&s=615555f4e98da988c49a89ea5991d6c7063ff7a9)). In practical terms what this purchase may seem to indicate is that whoever made the purchase believes there's a chance and risk the price of the stock could shoot past 800 by March, which would also suggest that they believe a squeeze is still possible and are hedging for it. If you happen to believe this entity is a hedge fund then you may draw your own inferences from that as to what that could mean. + +In considering the potential use of synthetic longs by shorts to prolong their positions we must also consider the possibility that shorts may no longer be under as much pressure as they were before to cover. What can retail investors do in that case? Two thoughts come to mind. + +**A) One recourse retail investors could have would be to encourage GME to issue a reverse stock split as it forces borrowers to return shares back to their holders, which in theory would put the naked short sellers in a compromised position. If you care about forcing the issue, you can follow the instructions** [**here**](https://www.reddit.com/r/wallstreetbets/comments/lcpwh0/how_gme_can_still_be_a_great_play/gm2tsnw/) + +**B) Another recourse would be to bring the matter to the SEC's attention for investigation, which you can do at** [**https://www.sec.gov/tcr**](https://www.sec.gov/tcr) + +Sidenote: On the subject of synthetic long shares, another instance where they came into the story recently was when S3 Partners released it's GME short interest % calculations last week, from a short interest from on 122% on 1/28 Thursday to 113% on 1/29 Friday) to 55% on 1/31 Sunday, which many found to be suspicious. Later it was discovered that number of 55% was calculated using the same data set that yielded 113% short interest percentage, but with the significant difference of including synthetic long shares into the short float equation, which is against standard practice but which S3 abruptly decided on Sunday to make their new main metric of SI%. Many questioned the logic and timing of this decision. One consequence of this decision was that the media picked up on the "new" short interest percentage of 55% and spread it as a new narrative during market open on the morning of 2/1 Monday. Whether this influenced subsequent buy/sell behavior, and if so to what degree, is something to consider. + +If you think about GME as a battle between short side funds and retail investors (there are likely other players involved but for the purpose of this analysis we'll focus on these two), information plays a major role and there is an information asymmetry on the retail investor's side. For example, hedge funds know the positions they're in and can share data with each other whereas retail investors are in the dark about many important data points. An example of an information asymmetry on the retail investor's side is the unavailability and general inaccessibility of true real-time short interest percentage. A lot of retail investors are waiting for the short interest report on February 9th to help inform them of their next moves, but while this report is a data point, the data in the report will still be two weeks old. With that said, examples of what investors have available for estimating the immediate short term interest are things like short interest borrow rate and calculated inferences from other data points. + +There's an adage oft repeated on WSB that retail investors can stay "retarded" longer than funds can stay solvent. The "paper hand" sell off earlier this week in part appears to contradict that statement. To explore it from a different perspective, if you consider the possibility that short side funds are taking a long term play (on their short positions by extending them with synthetic long shares), then so far it would seem that funds can stay solvent longer than paper hands can stay patient (case in point being the retail sell-off when the price started dropping.) + +At least one lesson that could be draw from this is that the better retail investors understand how hedge funds think and operate, the better it will benefit them in navigating this situation intelligently. An analysis of events of the the past week leads me to believe hedge funds deployed at least three tactics from the Art of War: + +* **"Deceiving and confusing the enemy is a more effective path to victory than openly fighting with them."** I personally believe the press release from Melvin Capital on 1/27 about closing their short positions was an example of this, they wanted us to believe their short positions were closed thus ending justification for the short squeeze. +* **"If you know your enemies and know yourself, you will not be imperiled in a hundred battles."** Hedge funds knew the weakness of the retail side was the lack of cohesion and leadership (by nature the lack of leadership was a disadvantage for any leader to the movement may be accused of manipulating retail buyers and scapegoated) and they knew that if price drops low enough many retail buyers will panic sell, so all they needed to do was attempt to drive the price down via whatever methods at their disposal whether thats through misinformation, calculated and continuous shorting, short ladder attacks ([read this for an explanation on how 'counterfeit shares', which are a form of synthetic shares created from naked shorts, can be used to ladder attack the stock price](https://www.reddit.com/r/wallstreetbets/comments/lf4vn3/yes_laddering_is_real_short_ladder_attack_is_just/), which also supports the thesis of large amounts of counterfeit shares currently being in play) and other potential methods. +* **"If his forces are united, separate them"** aka divide and conquer. Upon driving "weak-hands" to sell-off this divides the retail buying group and creates bears out of some "paper hands", who then spread their views and further the divide. Another example is the silver fake news/manipulation and the very real possibility of bots sent into this sub to push a message and sow division. + +I will leave you with that, and a reminder to do your own research, for as investors we do not have all the information available, and the most we can do is intelligently speculate with as much data and logic as we can gather. I wrote this post because I spotted some inconsistencies within the GME stock that in my opinion, once brought to awareness, would either be irresponsible or willfully ignorant to not examine further. If you agree with the ideas explored in this post, feel free to share with whomever you'd like, and thank you for your part in raising awareness. + +*To provide context for the timeline of events described in this post, this post was originally written on Thursday 2/4/21 and updated on Sunday 2/7/21.* + +*For liability purposes, everything in this post is simply a thought experiment. I am not a financial advisor and no part of what is written constitutes as financial advice.* + +If you'd like to read more into the subject of synthetic long shares and how it could be currently misused in the context of GME: + +[https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis\_on\_why\_hedge\_funds\_didnt\_reposition\_last/](https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis_on_why_hedge_funds_didnt_reposition_last/) + +[https://www.reddit.com/r/wallstreetbets/comments/lalucf/i\_suspect\_the\_hedgies\_are\_illegally\_covering/](https://www.reddit.com/r/wallstreetbets/comments/lalucf/i_suspect_the_hedgies_are_illegally_covering/) + +[https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/) + +[https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme\_is\_a\_time\_bomb\_and\_its\_highlighting\_a\_severe/](https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme_is_a_time_bomb_and_its_highlighting_a_severe/) + +[https://www.reddit.com/r/wallstreetbets/comments/lag1d3/why\_gme\_short\_interest\_appears\_to\_have\_fallen/](https://www.reddit.com/r/wallstreetbets/comments/lag1d3/why_gme_short_interest_appears_to_have_fallen/) + +[https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec\_doj\_60\_minutes\_public\_data\_suggests\_massive/](https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec_doj_60_minutes_public_data_suggests_massive/) + +[https://www.reddit.com/r/wallstreetbets/comments/l9z88h/evidence\_of\_massive\_naked\_short\_selling\_fraud\_in/](https://www.reddit.com/r/wallstreetbets/comments/l9z88h/evidence_of_massive_naked_short_selling_fraud_in/) + +[https://www.reddit.com/r/wallstreetbets/comments/lbydkz/s3\_partners\_s3\_si\_of\_float\_metric\_is\_total/](https://www.reddit.com/r/wallstreetbets/comments/lbydkz/s3_partners_s3_si_of_float_metric_is_total/) + +For another perspective on why the squeeze has not squoze you can read [this](https://www.reddit.com/r/wallstreetbets/comments/le235t/gme_institutions_hold_177_of_float_why_the/) +I work for a futures trading firm in India where I have to sit in front of screen for 12 straight hours. But I don't get time for anything else. I enjoy trading but I think this work is killing my creativity. I do nothing other than this. What all do you guys do in free time. Help me out here +Feeling a bit low on trading confidence at the moment - does anyone have any perseverance or day trading success stories to cheer me up? Would love to hear of others doing well. +Excerpt from an interview: + +Reporter: "Have you thought about trading cryptocurrency futures to take a negative position on bitcoin?" + +Warren Buffett: "No, I get into enough problems with things that I think I know something about, why in the world would I take a long or short position of something that I don't know anything about?" + +Yet, in the same interview, Buffett also states that: "In terms of cryptocurrencies, genereally, I can almost say with certainty that they will come to a bad ending." + +And further that: "We don't own any, we don't short any, we'll never have a position in them." + +These statements are contradictory. He says that he doesn't understand it, yet he claims that he can say with certainty that it will take "a bad ending" (whatever that means). Still, he wouldn't short it. Indeed, he would shy away from taking any position at all. + +Has he formed somewhat more of a consistent opinion nowadays and expressed it? + +Source of the interview: [https://www.youtube.com/watch?v=YWMmd7hlwNI](https://www.youtube.com/watch?v=YWMmd7hlwNI) + +**- 27 trillion in circulation** + +**- unlimited supply cap** + +**- only 1 node** + +**- 1% of holders own 30%** + +**- 25% supply minted in the last 6 months** + +**- 38 million notes printed every day** + +**- loses at least 3% of value every year** + +**- in a bear market since its conception** + +Had to repost this here bc it might be the most accurate and perspective post I’ve seen on the topic yet. + +OG Credit to: u/laurcrv +http://www.marketwatch.com/story/bofa-warns-the-rise-of-etfs-is-distorting-the-stock-market-2017-07-05 + +To be honest, the active trading is taking up more than I would have guessed. Are ETFs really so passive though when companies go in and out of them? +I tried unloading AMC at open today to go balls deep into GME (using TDAmeritrade’s ThinkOrSwim) and what do you know...they weren’t working for about 30 minutes. + +I left Robinhood because they always crashed....seeing this happen with TDA and all the other brokerages is highly suspicious as I’ve NEVER had an issue after the first minute or so after market open. + +They have no issue collecting fees on option trades, but when their shitty service breaks for 30 minutes they take zero responsibility. + +My position was fucked around $450 and they cut me a credit for almost half the amount at $200+. + +I reached out via the the Chat App within ThinkOrSwim and you better believe I took screenshots and videos when nothing was working for proof. + +All these brokerages are acting “suspicious” like we’re criminals because WE LIKE THE STOCK! I feel like they’re out to get us and they have to pay (literally) for screwing us over - give them a call or send them a message if you lost $ due to their outages! +[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! +I’ve been in this since May and basically got in right after the last large dip, so I’ve expected this ever so often… it comes with the territory. I’ve followed the advice of many on here not to invest money I couldn’t afford to lose and to stick to the blue chips (BTC/ETH).. + +I definitely have some alts but everything I’ve invested in I believe will survive crypto winter. So if crypto winter comes, I’ll DCA in and look to the next bull market. I’m not going to sell on the way down and try to time the market I’m just going to HODL and let the market run it’s course. Anyone with me on this? +What other investing subs would you recommend in addition to r/investing? + +Trying to get a sense of what other areas of Reddit I should be checking in on just to make sure that I have a good diverse stream of investing content and viewpoints (in general, not at all a criticism of this sub i love this sub). + +Thought it would also be interesting to see what y’alls personal areas of attention tend to be when it comes to the daily reads. + +Thanks! +Curious to hear from the people in this subreddit about good and bad experiences they’ve had with employers over the course of their careers in Australia, especially with big organisations, and why you chose to stay or leave (i.e. work life balance, better pay, more progression opportunities, good leadership). + +I know people may not be at liberty to name and shame but for example, happy to disclose that I once worked for Big 4 Consulting. Projects were occasionally interesting and camaraderie amongst the team was great but the brutal hours and low pay were what made me leave in the end. +Keen to learn how many investment dollars it takes for this to happen. + +What is your percentage of investment spread i.e 60% investment property 30% stocks 10% bonds etc. + +The more insight the better. Thank you 😊 +Full disclosure: I have a small position in $ASTS and warrant $ASTSW. Disclaimer: I'm not a financial advisor. Do your own DD as always. + +I want to share some info on $ASTS (AST Spacemobile) to save potential retail investors time when they do their DD. There is this idea of "20-100x Return Or 100% Loss" associated with $ASTS floating around, but AST Spacemobile is no $NKLA. The technology was proven to work by AST and again by Lynk. Apple is diving in this as well. AST Spacemobile the real deal with over 1000 patents, extensive satellite expertise particularly their CEO, and their own majority owned satellite subsidiarity Nanoavionics and is already cash flow positive. AST Spacemobile itself has no debt. + +The good stuff: the data that got these giant institutional investors Vadafone, Rakuten, American Tower, Samsung NEXT, AT&T, Cisneros all lined up to give money to AST Spacemobile started with the tiny 12kg Bluewalker 1 satellite that successfully proved that AST tech worked: + +"*On April 1, 2019, AST successfully launched BW1, which connected directly to an antenna (“BW2”) at AST’s facility in Midland, Texas, to test its satellite to ground communications technology. During such testing, AST was able to validate its cellular architecture and was capable of managing communications delays from LEO orbit and the effects of doppler in a satellite to ground cellular environment using the 4G-LTE protocol.*" + +The 1.5 ton, 10-meter antenna Bluewalker 3 satellite currently in progress of being built and is slated to launch at the end of 2021 is much more capable and will fully enable AST to demonstrate their tech: + +"*The BW3 test satellite is expected to enable live ground, sea, and airborne testing with unmodified LTE and 5G devices such as smartphones, tablets and internet of things (“IoT”) equipment. The satellite is also expected to enable live testing for voice, video and data. Testing will be available for approximately six minutes per satellite pass approximately two times per day in certain areas. For U.S. based testing, AST will utilize a gateway installed in Midland, Texas and in Hawaii. AST will install at least two additional gateways for the full constellation, one on the east coast and a second on the west coast. With the BW3 test satellite, AST’s main objective is to demonstrate the entire technology stack of the AST constellation satellite design by providing direct broadband communications between an AST- patented LEO satellite and standard compliant LTE and 5G devices without any modification using UE standard in select bands in the 698 MHz to 960 MHz range and using gateways located in a number of selected countries, including the U.S. The BW3 test satellite will provide the testing and validation plans for the BB1 satellite design, expected to be used for the first phase of commercial satellites comprising the SpaceMobile Service.*" + +Lynk, a competing company, also [demonstrated](https://vimeo.com/398041128/e10228da19) the technology worked when they successfully connected a tiny satellite to a normal handset and witnessed by independent third-party observers: + +[Article](https://www.businesswire.com/news/home/20200318005113/en/Lynk-First-to-Connect-Satellite-Directly-to-Standard-Mobile-Phones-on-Earth) + +&#x200B; + +Additionally, **Apple** is [reportedly](https://www.channelnews.com.au/telstra-set-to-become-surplus-to-requirement-if-apple-satellite-iphones-take-off/) not holding back on putting a lot of resources to dive into this potentially massively lucrative market: + +"*Currently Apple is spending billions, developing a new satellite service that will beam internet services directly to devices, bypassing carrier networks*" + +Apple has [already started the process](https://www.gurufocus.com/news/1160408/apple-fi-5g-killer-technology-profits-confidential-by-ray-blanco--anti5g-stock-research-report) of doing the very thing that AST Spacemobile is set up to do, calling it Apple-Fi: + +"***To roll out its revolutionary technology, Apple has reportedly hired Michael Trela and John Fenwick, two world-famous aerospace engineers who are widely considered to be pioneers in the field of satellite technology. Not only that, Apple also recently brought onboard Matt Ettus, Ashley Moore Williams, and Daniel Ellis, experts renowned for their work with wireless technologies. Not only that, but it is also being alleged that Apple is currently in the process of creating a satellite mesh network to provide its customers with insane network coverage. In this regard, the company has already filed plans with the FCC to launch between 1,400 and 3,000 satellites.***" + +&#x200B; + +&#x200B; + +In order to connect from Earth to space LEO and back, you either need a big dish/antenna on Earth to connect to a small satellite or increase the size of the satellite to connect to a small, normal cellphone. A fairly long technical paper submitted to the FCC [here](https://fcc.report/IBFS/SAT-PDR-20200413-00034/2511994) describes how AST Spacemobile will use its constellation of satellites to act as a 900 meters squared satellite. This is proven tech and has been done many times. + +The document found [here](https://ecfsapi.fcc.gov/file/10061972201614/AST%205G%20Fund%20Ex%20Parte%2010-06-20%20(00168439xC33F1).pdf) submitted to the FCC describing how they brilliantly deal with doppler issue: + +Some interesting technical points were described in the document: + +"*-The AST low earth orbiting (“LEO”) satellites system (“SpaceMobile”) is able to communicate directly with standard unmodified off-the shelf cellular devices from their 700 kilometer high orbits through the use of AST’s patented architecture of large LEO satellites with specially-designed proprietary antenna arrays with very large aperture. The configuration results in enough antenna gain to enable the satellite to communicate effectively with standard mobile handsets operating on terrestrial broadband wireless frequencies.* + +*- The AST SpaceMobile system will connect to user terminals that operate on standard 3GPP frequencies that are licensed to terrestrial carriers with which AST has agreements that grant AST consent to use the spectrum. The service will fill the terrestrial carriers’ gaps in coverage to provide broadband mobile services where the terrestrial carrier spectrum is not available or in use. This mitigates and eliminates the risk of interference.* + +*- Potential interference also will be managed by the use of other methods, including frequency selection, Inter-Cell Interference Coordination (ICIC), beams control, and power control. These techniques are discussed at length in the Technical Sharing Analysis submitted to the Commission by AST on July 6, 2020;amendment to IBFS File No. SAT-PDR-20200413-00034 (Call Sign S3065).* + +*- Each satellite is capable of supporting approximately 2800 spot beams. The satellite can generate cellular cells ranging from 12.5 kilometers (C-band and CBRS) to 24-48kilometers (Lowband and midband). The above-referenced Technical Sharing Analysis contains an overview of the SpaceMobile approaches for frequency sharing and interference management using parameters in this range.* + +*- The SpaceMobile service will meet a low(sub-100 ms) latency(with latency well below 40 ms). AST holds,and/or has pending, approximately 650 patent claims,many of which pertain to advanced technology that will be implemented on the ground to address Doppler and delay.* + +*- The SpaceMobile service will meet and exceed the download and upload speed requirements of 35 Mbps / 3 Mbps.* + +*- AST’s patented technology incorporates beam handover,which is analogous to the terrestrial user equipment (UE) handoff between neighboring base stations (eNodeB’s). Based on the schedule files that list the handoff time instances, the setting satellite simultaneously turns off,and the rising satellite turns on a beam in the overlapping cell.AST’s patented technologies for compensation of delay/Doppler makes the UEs in the cell being handed off see near equal delay/Doppler before and after the handoff, making them synchronize quickly to new beams from rising formation. The UE keeps track of the received signal strength (RSSI) of both the serving and adjacent beams. When the serving beam’s RSSI is weaker than the adjacent beam’s RSSI, it requests serving eNodeB to initiate handoff. The decision to hand off or not is made by the serving eNodeB.*" + +Here, AST claimed that their proprietary antenna arrays with very large aperture allow them to have enough gain to communicate with mobile handsets. They also claim to have download/upload speed of at least 35 Mbps/3 Mbps and a latency well below 40ms. These numbers are highly conservative just to show that AST at minimum should qualify for a huge 5G grant. Starlink is on the same LEO as AST will be and Starlink is able to do latency in the 20's ms, which is inline with current terrestrial broadband/5G. + +&#x200B; + +&#x200B; + +**Patent** found [here](https://pdfpiw.uspto.gov/.piw?PageNum=0&docid=10979133&IDKey=06F3538FA7C8%0D%0A&HomeUrl=http%3A%2F%2Fpatft.uspto.gov%2Fnetacgi%2Fnph-Parser%3FSect1%3DPTO2%2526Sect2%3DHITOFF%2526p%3D1%2526u%3D%25252Fnetahtml%25252FPTO%25252Fsearch-bool.html%2526r%3D1%2526f%3DG%2526l%3D50%2526co1%3DAND%2526d%3DPTXT%2526s1%3DAvellan%2526s2%3DAbel%2526OS%3DAvellan%252BAND%252BAbel%2526RS%3DAvellan%252BAND%252BAbel) and the website [here](https://www.wired.com/story/your-phone-may-soon-receive-4g-service-from-space/) described some the details of AST proprietary antenna arrays: + +"*AST is building a new, unproven type of satellite constellation that’s a riff on so-called “fractionated satellites,” which divide the capability of one large satellite among several smaller ones. For example, one satellite might host a scientific payload, while another might be responsible for communicating with ground stations. The two would communicate with one another through wireless links. A fractionated satellite system has never flown in orbit, although Darpa spent six years and more than $200 million dollars developing a fractionated satellite before abandoning the concept in 2013 due to budgetary constraints.* + +*AST’s system will consist of dozens of small, pizza box-sized satellites flying in formation as they receive cell signals. According to AST’s founder and CEO Abel Avellan, the system isn’t truly fractionated because each of the small satellites will have the same capabilities, rather than splitting the functionality of one larger satellite. But the formation will be managed by a large control satellite, which will direct network traffic and satellite movement like a conductor leading an orchestra. Although the later versions of the satellites in AST’s system will communicate with one another over Wi-Fi or a similar wireless protocol, Avellan says the first satellites to go up will be physically connected.* + +*The advantage of AST’s approach is that the satellites can be spread out over hundreds of feet. Since each satellite is itself a receiver and is working in tandem with the others, this has the effect of creating a massive antenna. “In essence we are building a very, very large satellite with a lot of power that can connect directly to a handset,” says Avellan. “Our system is a replica of the terrestrial network in space.”*" + +&#x200B; + +&#x200B; + +The CEO himself is an engineer and communication/satellite genius. He's not a salesman and definitely isn't the type that can get all of those giant institutions to invest in $ASTS through words instead of concrete data. There are more patents and technical stuff dealing with waveform and others but I found them to be uninteresting to traders and not worth listing them all. + +To conclude, anyone that claims this stock goes to zero is ignorant to the technical data at hand and completely dismisses the incredible work AST Spacemobile research team has done. I have a strong belief that any analyst from the [numerous banks](https://twitter.com/spacanpanman/status/1373825830938378241) Morgan Stanley, JP Morgan, Barclays, Deutsche Bank, Raymond James, Scotia, LightShed and Benchmark that attended AST Spacemobile analyst day will have favorable price target and analysis. +This is just a reminder and warning to those who get over hyped. Citadel knows what we know, and more. They see when we set dates, they know when expectations are high. + +For example, let's just say for some reason everyone knows they need to cover their debts this week, and we're also all dancing about how this is going to be the start of the squeeze. They'll then use that information against us. They can, and have, manipulated the price of this stock so egregiously, that it defies all logic. They'll do it just to sow FUD, to counter any media and sentiment we may be gaining. They do it to slowly wear each of us down, our sanity, or physical health, even our relationships with others. + +Remember three things: + +* The shorts must cover +* They have not covered +* We still have a long way to go + +If you can keep those ideas ever present in your mind, then it's best to ignore the daily churn of hype. Keep an eye on the horizon, trust you'll get there eventually, and until then keep living your normal life. +Hello, I'm a freelance journalist (see my pieces [here](https://richardgodwin.contently.com/)) writing a long-ish article for the Observer Magazine on how coronavirus/lockdown has changed the way many of us view our finances. I'm in the early research phase and looking for fresh insights/perspectives. +I'm thinking about how for many people, being locked down broke that daily cycle of spend-spend-spend. Often that came as a huge relief. Now we're being asked by the Government to spend again, in our duty as citizens, and that feels uncomfortable. + +I'm also thinking about how this has affected many people differently, often in unpredictable ways. I know a few have done extremely well out of this and are feeling a little shy about it. + + +I'm drawing on my own experiences/conversations, interviews with experts, and case studies - taking a similar approach to [this piece](https://www.theguardian.com/money/2018/may/12/salary-what-get-paid-talk-about-it-makes-brits-cringe) I wrote on salaries a couple of years back. So if you have interesting perspectives/insights to share, do please reach out - you can find me and my email [on Twitter here](https://twitter.com/richardjgodwin). Or feel free to add comments / pointers below. +THANKS! + + +Richard + + +(PS I have OK'd this post w/ the moderators!) +icahn not happy about the bubbles + +http://www.cnbc.com/2015/09/28/5-things-that-keep-carl-icahn-up-at-night.html + +"God knows where this is going. It's very dangerous and could be disastrous," + +http://www.reuters.com/article/2015/09/29/us-icahn-fed-idUSKCN0RT09120150929 +Hi /r/bitcoin, I'm a mobile developer, interaction designer and bitcoin owner, but unfortunately I don't have time right now to work on something bitcoin related. So I just write here my thoughts about bitcoin payment applications to inspire other developers and startups. + +I guess many agree that the ground-breaking payment solution on the basis of bitcoin has yet to be developed. Most of the existing solutions involve the user scanning some QR code displayed by the merchant. While this can work well, it's not intuitive at all. QR codes have been around and hyped for years, but they were never used as much as developers and marketing people hoped. + +Ask your average not-so-tech-savvy friend how many times he has scanned a QR code in his life. He'll probably know that you mean that squared thing on his coke bottle, advertisement poster vis-à-vis his doorway, or on his concert ticket, but chances are he never used them. **Pulling out your phone and starting some app which activates the camera and holding it in a certain way, once looked very science-fiction, but isn't that intuitive after all.** + +There are already better solutions around to achieve the "internet of things". The most important today is **Bluetooth LE**. Remember Bluetooth? Yes, that thing you used to pair your gadgets with your computer or phone and never worked. Well with the latest Bluetooth 4.0 and the addition of Bluetooth Low Energy things changed. Pairing is not required any more and a Bluetooth LE device could be some small sticker costing $3 with a coin cell battery that can last for months or years. The technology is relatively new in the Android area, coming with Android 4.3 or later. In iOS, it's been around for longer, since iOS 5 and Apple is one of the companies pushing Bluetooth LE, already implementing it widely on their own with its iBeacon technology for indoor or in-store navigation (iBeacon is just an Apple proposed standard for indoor navigation, and works with Android too). Indoor navigation is just one application, you will find countless companies and startups coming up with something Bluetooth LE related. A few I've found:[Bitlock, a lock and access control for your bike](https://www.youtube.com/watch?v=KoF6yXsBlYc), [XY, the secure tracking system](http://xyfindit.com/), [lumenbulb, a Bluetooth LE light bulb](http://www.lumenbulb.net), [August, a door lock](http://www.august.com/). + +**It's becoming the de facto standard for inter-device interaction** and my prediction is that even the simplest electronic devices (like your coffee machine, fridge, lock, etc.) will become Bluetooth enabled in the next few years, allowing to control everything from one device and get notified for example, if your laundry is ready or if your coffee machine needs to be refilled. + +Wait, what happened to NFC? Well, NFC is very different from Bluetooth LE as it's use is very limited, it only works within a few centimetres while Bluetooth LE reaches as far as 50m. Bluetooth LE can cover all use cases that NFC already does with much wider reach, except that there is no passive/no-battery mode in Bluetooth LE. Active NFC, used for payments, is way more expensive to implement as opposed to Bluetooth. + + +So I think **Bluetooth LE is the best fit for electronic payments**. Paypal already uses a Bluetooth LE USB stick to identify the customer in a store. I really think they got it well how payments should work. **The customer walks into the store, his smartphone is locked and in his pocket. At the checkout, all he needs to say is that he wants to pay with paypal, and - BOOM - he payed.** No ugly smartphone unlocking, app starting, camera pointing at a fancy QR code. No, **all handsfree**, how it needs to work. + +**We need a bitcoin application that works as intuitive as that!** + +The cool thing is, we don't even need additional hardware, so once it's available it's as easy to implement as a QR code displayed on a tablet. iOS already allows a device to run in Bluetooth LE peripheral mode, so a smartphone can connect to it. As I mentioned, Android support for Bluetooth 4.0 lags behind a bit, but I'm certain that peripheral mode support will come very soon. + +With this post I just wanted to inspire bitcoin app developers to look into the latest Bluetooth standard and it's possibilities and urge them to finally ditch QR codes. Of course, the big challenge will be in the security field. You'll also want to take a look at [BTC², a set of Bluetooth LE services for bitcoin transactions implemented for iOS, under the MIT license](https://github.com/Gliph/BTCSquared). + +Just as a side note, also keep in mind that it's very likely that in the near future smartphones will become obsolete. The three magic items you carry around today are probably a smartphone, a key ring, and a purse. The smartphone can take over the function of your key ring as all locks become electronic, allowing for finer access control, as well as your purse, as paper money is not convenient. The smartphone is something that people can't leave at home, they always carry it with them (except under the shower and while swimming). So it's only logical that the smartphone will become a wearable device you'll never take off (and finally keep on you even under the shower). This device has yet to be invented, it will likely be something you wear on your wrist. + +**tl;dr: To make bitcoin in-store payments intuitive, make them handsfree using Bluetooth Low Energy** +**Edit: I've already put a couple edits directly in the text to correct this mistake, but I thought I should add a general one at the top. A point I make several times in this post is incorrect, as pointed out by a few commenters. The incorrect point is that LRC has no plans of building a ZKEVM. In fact, their quarterly report from last month included news that they had just started working on a ZKEVM solution. The sources I used for this post were published before this news. Sorry for the misinformation.** + +**-------------------------------------------------------------------------------------------------------------------------------------** + +&#x200B; + +There are plenty of L2s and sidechains already that scale Ethereum L1. They all have strengths and weaknesses. Let's start by looking at other zk rollup L2s like LRC. + +# Other zk Rollup L2s + +There exist several zk (zero-knowledge) rollup L2s besides LRC (both STARK and SNARK variety; look this up if you really want to dive down the rabbit hole) like zkSync, Polygon Hermez, dYdX, zkSwap, and StarkX. Unlike LRC, zkSync and (soon) Hermez are actually full scaling systems for Ethereum, because they support fully generic smart contracts due to having built ZKEVMs (Zero-Knowledge Ethereum Virtual Machine). LRC doesn't even have plans to build a ZKEVM (which is considered very hard to do), because **their value proposition is not to be able to generically scale Ethereum**. They are only intending to scale DEX usage (which makes sense, because that is what their core innovation, **order rings**, are good for). **Edit: As a couple commenters pointed out, the LRC quarterly report that was released a few weeks ago actually announced that they have just begun working on a ZKEVM solution. Sorry for the misinformation.** + +As for usage, of all the zk rollup L2s combined, LRC has around 30% of the TVL. + +# Optimistic Rollup L2s + +Then there are optimistic rollup L2s, which are fully EVM compatible (so much easier to make an optimistic rollup EVM compatible than to make a zk rollup EVM compatible), and are currently being used for DeFi way, way more than any zk rollup platforms (though I do believe that one day zk will emerge as the superior tech over optimistic). Arbitrum TVL is more than all zk rollup platforms combined **plus** all other optimistic rollup platforms combined **plus** all the validium and plasma L2s combined. + +Once you add in optimistic rollup platforms and other L2s, Loopring has a little under 9% of all the TVL of L2s on Ethereum. + +# Side chains + +Then we get into the scaling solutions that aren't L2s, but are instead sidechains. I'll just talk about the elephant in the room here: Polygon. Polygon has about the same TVL as **all L2s combined, including Arbitrum**. They also get lower fees than any L2. The downside is that they have worse security than L2s do. + +# Conclusion + +So, in terms of TVL of all scaling solutions on Ethereum, **LRC has probably 3 - 4% of the TVL at most**. + +Unlike Polygon, Arbitrum, Optimism, zkSync, and others, **LRC is not EVM compatible**, so it can't handle generic smart contracts, and is thus not a full scaling solution for Ethereum. You can't build any part of DeFi on Loopring except DEXes. And finally, while the fees are great, they aren't the lowest of all the scaling solutions. + +LRC is great, but there are many other scaling options, of which LRC holds a fairly insignificant portion of the TVL. Many of these other solutions are also full scaling solutions that are fully EVM compatible, which LRC has no intention of being **(Edit: adding another edit here to reiterate that this appears to actually be false as of a report published a few weeks ago announcing that LRC has recently begun work on a ZKEVM solution. Thanks for the correction commenters)**. And don't think that the facts that LRC has a low TVL compared to other scaling solutions and no ZKEVM are explained by LRC being younger than their competition. In fact, LRC launched before almost every other platform that I have mentioned. + +All this being said, I imagine LRC will continue to increase their TVL share of the L2s, and the LRC token will probably continue to appreciate. It's probably a great investment. I also think that, in general, zk rollups will eventually emerge as superior to optimistic rollups, and L2s are unambiguously emerging as the superior choice over side chain scaling solutions. So, I think it's a good guess that zk rollup platforms like LRC will slowly grow to dominate the L2 pie. In general, I am bullish on LRC long-term. This post is not meant to be FUD at all. + +But no, Ethereum does not in any way, shape, or form rely upon or need LRC. LRC is just one of many excellent tools playing a small part in solving the most central blockchain tech challenge of the last 4 years: how to scale Ethereum. +What's crackin', Apes and Apettes? I normally come on here to post shitty memes and stupid comments about mayonaise, but I've decided to switch it up this eve. + +I'm super smooth brained so bear with me. + +The Federal Reserve will begin to unwind it's $9 trillion dollar balance sheet next week for "quantitative tightening" in order to slow inflation starting by selling $47.5 billion per month and moving towards $95 billion per month in September. These treasury market liquidations will cause an intimidating amount of selling pressure that will very well ripple through our entire economy. + +Why is this important you ask? Well as they try to find the perfect happy place of selling enough treasury bonds and hiking interest rates to ward off a recession and astronomical inflation companies with big debt sheets will be hit HARD. Do you guys want to know about a company that doesn't have a huge debt sheet? The one and only Gamestonk. + +As companies are scrambling to figure out how they will handle ever increasing interest rates GME will continue operating normally just worried about how to help customers affected by all that's going on around them. + +While the debt heavy companies will be bombarded with selling pressure most likely to cause cascading margin calls across the market GME could very well rise up like an ape from the ashes to fling shit all over these greedy hedgies. At this point they will have no option but to cover, close, or be bailed out yet again by the United States government. + +At that point we will have risen so far that there will be no other choice but to make a systematic change (one would hope) since a group of retards on the internet was capable of figuring all of this out. + +I'd really like more wrinkles to chime in on this as I am fully retarded and blacked out for most of this typing. + +TLDR: Big Fed selloff cause big GME short squeeze? + +Edit: Sauce [here](https://www.reuters.com/business/calling-time-qe-central-banks-prep-synchronized-asset-cull-2022-04-19/?utm_source=reddit.com) +I really like the idea of Mint, but having all that info in one place seems like a hacker’s dream. I don’t understand the intricacies of cybersecurity well enough to establish an informed opinion on my own. So instead, I’d like to ask strangers. +Hi, + +I recently got made redundant, a week after moving into a new home. This was unfortunately a few days too late for the UK government mandated standstill for mortgage payments, so I have had to go through the formal concession request route. + +Shortly after the mortgage was approved, I took out a home improvement loan. I did not use this amount for the desired home improvements so have this balance remaining. I have explained to the bank that this amount is about six months of runway for myself to find a new job, given I have no income at the moment. + +The bank have declined my request for a concessionary period for three months, saying I have to pay the mortgage with the savings. This reduces my runway dramatically. I have asked them to provide me this response in writing, which they are refusing to do. I have another call with a senior team member later this afternoon. + +Do i have any legal recourse? Can I request the recordings of the calls we just had? On the call, originally they said the decline was on the basis I sent insufficient information, when I checked what was sent, all the information was provided. At that point the reason for the decline switched to "having too much savings". Would appreciate any advice on this. + +This is in England. I am not in arrears of any form just yet. +Update: + +Thank you so everyone for the helpful advice and to those who sent me messages, sorry I haven’t been back to respond I have been busy trying to get something sorted. + +I have managed to borrow some cash so have enough for food and petrol for the month and have some things to sell so should be fine for now, I am also going to be moving out of where I am now as the rent is too expensive for me with the reduced hours so can now see a light at the end of the tunnel! + +Original post: + +I’m not sure if this is the right place to post I’m asking for advice. +I basically have no money left after rent and bills because I am on a phased return to work and I am unable to work more hours. + +Before Christmas I was in hospital due to a suicidal attempt and had about 2 months off work, my workplace were generous enough to pay me full pay during this time. + +I am now doing a phased return to work but I am on reduced hours, so I have been paid less this month and after rent and bills I have no money left at all, I don’t have money for petrol or food and I’m not sure what to do. + +I will be on the reduced hours this month and next month so this will be my situation until April when I go back on to more hours at work (less than what I was doing previously but still full time) so I will have enough money to live when I’m on these hours, it’s just this month and next month where I won’t have enough. + +I am currently unable to work more hours as I still am recovering and also had a recent diagnosis of CSF/ME so not feeling up-to working more right now. + +My thoughts were to apply for a credit card to get me through this month and next month. +I already have an overdraft with my bank which I am currently paying off so an overdraft isn’t an option and I don’t have any family that are able to help. + +Any advice would be appreciated, thank you! +Yeah so I heard about Mr Saylor stating that he will be liquidated at 21k I thought, it can’t go that low can it? + +I got to thinking, what number would make me throw up and curse crypto as it would prove all my doubters right. + +I sold most of my alts last year at the high but I also bought BTC and ETH at kinda high too, then the last 6 months happened. + +So my margin call number is BTC at 30k and ETH at 2k + +That’s my average after starting buying in 2020 and ramping up through my last buy at around 38k. I’m about another 5% drop from break even on BTC, also I should mention I’m red on all of my ALTS I have left. + +ADA -14% +SOL -12% +LRC - 50% +XRP + 40% lol + +Edit: not a real margin call, just the number BTC would go to, to make you feel liquidated and hopeless. +Does anyone ‘of means’ even understand what a spiral of debt this is for people who can’t get lower interest rate cards? My mom, of the boomer generation, has told me her credit card interests are like 5%. I think these folks can’t fathom what an awful deal we’re getting. I’ve applied for better cards, at the highest my score ever was, in the 700s briefly, and still got the exact same rate. Feels like I will never get out of this hole, out of this debt spiral. Sorry for the downer before the holiday… but this just sucks :( + +Edit copied from comment below: + + +Am I in the right sub? Geez the amount of posts already coming in with the ‘if you can’t afford it, don’t buy it’ OR explaining ‘how credit cards work’ bullshit is incredible. FOR THE RECORD, I just had to buy new tires, an unexpected and large purchase (thanks inflation) of $1,200. This is not something I can pay off in one month, and used my credit card for, hence the accruing interest. + +I thought I was in the POVERTY finance sub where people could relate to this and come for support. Jesus…. + +I am commenting on the insane interest rate, and how it sucks. I’m not asking for advice, I’m asking for folks in the same boat who want to commiserate. Not folks with a credit score of 800 telling me I’m not financially responsible enough to use my credit card 🙄 +First things first, Looking for the DRS Megathread? Here you go: [https://www.reddit.com/r/Superstonk/comments/za05k6/why\_havent\_you\_registered\_your\_shares\_yet\_do\_you/](https://www.reddit.com/r/Superstonk/comments/za05k6/why_havent_you_registered_your_shares_yet_do_you/) +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Hello Superstonk, + +Some of you might have noticed today when trying to post or comment that Reddit will not permit you to tag users while posting to the sub. + +We were very much caught by surprise by this change. **We, the mods, did not implement this change.**While we've been very clear about how Reddit Admins have been flagging concerns about Brigading, there was no communication leading up to this change specific to tagging users. At this time, we have not been made aware of any specific event which triggered this action by Reddit Admins. + +We have reached out to Admins for clarification about whether this change was intentional, whether it was a bug or not, whether more changes are coming and/or if there are circumstances where we can get this feature restored, even if just to tag mods. So far, we've not yet heard back. + +As we know more we will update the community on the situation. +I have a friend who is very talented mathematically. He's very good at ML and he wants to apply his skills to writing trading strategies (i've decided on crypto as much lower barriers to entry). The only problem is.... he doesn't know much about trading. I'm of the belief it's not just about processing numbers, he needs to actually understand trading fundamentals (orderbooks, momentum, depth, reversion, toxic flow etc ). I know a decent amount but probably not enough to teach him. + +What's the best way for him to learn the trading required to write algos? I'm not sure just opening a trading account would be enough. He'll see the market moves but he's not going to learn about microstructure etc. +I know major part of drawdowns in mean reversion strategies is when market suddenly went trending, what are your strategies / tips in telling your mean reversion algo when not to trade? + + +And no, ADX indicator doesnt work guys. Would hidden markov model work? Anyone tried it yet? Or other methods? +Two questions for discussion: + +1. I've heard the case (probably not the only one) that because there is more algotrading going on, that if / when the market starts to tank, the bots will make things worse because they won't have experience to draw upon and all the bots will sell making things worse. True or false? + +2. Everytime I mention to someone that I have been working on algotrading, almost everybody these days equates algorithmic trading with machine learning (ML) and it frustrates me because algotrading doesn't necessarily = ML. (My style would not fall into this.) Anybody else feel the same way? +The Bank of England will release the new polymer £20 note featuring artist JMW Turner into general circulation on Thursday. Both notes will be accepted as legal tender for a period of time before the old one is withdrawn. + +[https://uk.finance.yahoo.com/news/new-polymer-20-notes-going-into-circulation-today-050017745.html](https://uk.finance.yahoo.com/news/new-polymer-20-notes-going-into-circulation-today-050017745.html) +Hi all, + +I'm 28, Male from the North East and for the best part of a decade I have wasted my life and money on gambling and paying off debts. Its ruined a lot for me and I know that but what i also know is that for years i have longed to be debt free and I finally am. I need this to be a turning point! + +Finally, i have this last week paid off my debt management plan with Stepchange (incredibly helpful) +This Friday, it will be the first time I've been paid in over 8 years that I have money to myself without paying off debts. + +I got myself into this mess probably 8 years ago when I started gambling and eventually lost a lot of money and ended up in a very dark place. I still struggle with the gambling now and it's the reason I have next to no savings to my name at this moment in time but this months pay will be all mine. Sure I've got a few bills to come out but the rest will be all mine. + +I'm terrified. I know the fortunate position I am in and the sense of relief that the debt is gone is great but I have a surreal feeling of dread. I'm scared that I may slope back into wasting money. + +I now need to drastically save over the next few months to catch up to my girlfriends savings for (hooefully) a house later this year as I should have a lot more than the few hundred pounds I currently have. I can quite easily do this in 2 or 3 months I believe but that is dependent on me not touching that money... + +What I need, if it exists is a place to put most of my wages in that has a few barriers to me accessing it to ensure I keep it saved. +I dont mean barriers as in accounts I can only withdraw from once a year or something but just somewhere that I can put that money that is harder to get than a normal account. + +I'm just scared and dont know if I can fully trust myself to just keep the money in an isa and not touch it so if anyone has any ideas I would greatly appreciate it. It seems ridiculous to even write that at 28 years old I dont know if I can trust myself but I dont want to mess this up so need to just put things in place to keep things on track + +I have waited to be debt free for years and yet now I am, I feel more scared than ever before + +Thank you in advance if anyone has any advice to help me +I'm a bit confused, and I think it must be some sort of mistake. I had a few shares in 3M and some tracker totalling £990. I placed a buy order for AMD which is still showing as outstanding. + +I logged in this morning and my balance is showing as £14,794 with £13,840 available to trade. + +I checked the account statement and it shows: + +Money Market fund price change (GBP) - Morgan Stanley GBP Liquidity Fund - Change: £ 13,810.86 Total MMF Value: £ 14,083.92 + +Where has this money come from? Is it a mistake or is it mine? + +Edit: my girlfriend had about £80 in her account and is now £477. We're both on Degiro... + +https://i.imgur.com/qT89nJu.png + +Update: Some sort of pricing error. Others on the /r/eupersonalfinance are reporting the same: https://www.reddit.com/r/eupersonalfinance/comments/htd0fi/degiro_morgan_stanley_gbp_liquidity_fund/ + +Resolved: https://mobile.twitter.com/degiroeu/status/1284763856867340288 +I learn to NEVER talk to my friends or family on how my stock is doing. + +You get criticized if it go bad, then you feel emotional about it. + +If it does get good they get jealous. then the vibe screw up your decision making + +so say nothing. + +Your thought? +&#x200B; + +https://preview.redd.it/uj51p7b95k4a1.png?width=590&format=png&auto=webp&s=a9522fb18539e54267210c82473d5878abb448fc + +You're a young lad publishing your research online. You receive a subpoena because the stock you covered went up due to factors out of your control. + +&#x200B; + +You're SBF, have donated tens of millions to politicians, and just stole billions from your customers. You're currently off scot-free, doing interviews on Twitter and even engaging with politicians. Your presence is kindly requested on this public forum. You say you'll try but might not know enough to testify then! You would love to though, if you can make it. + +&#x200B; + +Interesting... +Mandatory. A disclaimer. The following is probably all wrong. I'm an idiot. + +https://reddit.com/link/vq5t71/video/7yxsx9yq09991/player + +Rather than go through a bunch of code that few understand, or try to explain it, let me just explain what I've found and how it can be utilized. + +First off: + +&#x200B; + +https://preview.redd.it/0e41o9x019991.png?width=870&format=png&auto=webp&s=3d8a7e9b605b4a660700d1c0ed444ddf12378047 + +Immutable X is a company. + +&#x200B; + +From the contracts, you can see what Gamestop has planned. + +\- A games trading platform + +\- An NFT trading platform + +\- A household goods trading platform + +and most importantly + +\- A stock trading platform + +&#x200B; + +**Digital games trading platform:** + +&#x200B; + +When you buy a digital game now, you play it until something else comes along. + +\- Your storage is full but you're out the money you spent on the original game when you delete it to make room for a new one. If you can sell it to someone else at a discount, you can get some of your money back. + +\- On the other hand, a streamer (or you) has spent 10,000 playing a game and unlocking everything in it. That game is now worth considerably more than you originally paid. + +\- Say you want to make a game and sell it without all the contract bullshit from a big studio... + +\- Or just want to make the landscape. + +\- Someone else buys it and adds characters. + +\- Someone else then buys that and adds..... + +\- Sell gaming music... + + \- Royalties or outright sell + +&#x200B; + +**An NFT trading platform:** + +&#x200B; + +\- This has been covered fairly well at this point. + +&#x200B; + +**A "household goods" trading platform:** + +&#x200B; + +This would replace just about every trading platform going at this point, or at least give them a run for their money. Everything would be backed by an NFT to eliminate most crimes. + +&#x200B; + +https://preview.redd.it/ccpconff19991.png?width=1458&format=png&auto=webp&s=58cd30aede846b463dc1997c58cf2051ec4d6f08 + +\- Fake pictures + +\- Misrepresented items + +\- meeting people in an alley way + +&#x200B; + +And last, but certainly not least; + +&#x200B; + +**A STOCK TRADING PLATFORM:** + +&#x200B; + +This one is obviously the most important one. + +Let's say a company wants to issue stock to raise capital for a variety of reasons (increase employees, increase inventory, buy new equipment, buy land, build additions/warehouses, etc...), + +They currently have two options: + +\- take out a loan from a bank + +\- list stock on the NYSE + +In the case of crypto, there's a hoard of platforms available. + +&#x200B; + +https://preview.redd.it/9pixq2kt29991.png?width=830&format=png&auto=webp&s=6625b9476f5eeb96f7ca360695ea77c3b62016a4 + +For stock, there's only 1. + +&#x200B; + +https://preview.redd.it/wkwo98jx29991.jpg?width=960&format=pjpg&auto=webp&s=8ff527967a7c2f2eeed293021980c0b0b654b1d2 + +A trading platform that's ripe with fraud, greed and fuckery. Most of which, we're only somewhat aware of. + +Listing stock should assist in the growth of a company. Not so a bank or hedge fund can fuck with it and drive the company into bankrupcy while they fill their pockets. + +With those shares certified on a blockchain, they can't be duplicated, phantomed or fucked with. + +Your investment in the company when you buy their stock is secure. You're actually helping a company grow. Your reward will come in many forms: + +\- dividends + +\- true ownership + +\- higher share prices as the company does buy backs due to increased growth + +Can you say that now when you're buying a stock on the NYSE? + +FUCK NO! + +When the creators say "This will be the equivalent to the introduction of the iPod for music", you can bet your ass, RC didn't just spend 18 months building garbage that's going to let this community down. + +&#x200B; + +Buckle the fuck up and hang the fuck on. This will be one hell of a ride. + +&#x200B; + +https://reddit.com/link/vq5t71/video/kswkohfg49991/player + +&#x200B; + +https://i.redd.it/475a5hty49991.gif + +Edit: + +typo +This is not the time to hate movies or talk trash about popcorn or anything of the sort. + +If this movie takes off this weekend it’ll be huge for GameStop, not only is it bullish for the company to become a top making movie this weekend it shows the fan base and investors are tried and true. No Flops when it comes to GameStop. + +Cheers everyone! +Guys, I'm going to be straight with you. I'm tilted by that other thread about pet insurance. (I actually think it's astroturfing for the company mentioned in it, but that's not important.) I have a philosophical objection to pet insurance, but especially so on the premise of avoiding bills that stretch into the tens of thousands of dollars. + +I'm mostly mystified by these claims of $15,000, $20,000-plus pet bills. Two people said they were paying $50 a month on insurance to avoid these bills, which they framed as essentially inevitable. But they were both buying insurance for *indoor cats*. I have two indoor cats at the moment, I've had a dozen cats in my life. None have ever, ever had a trip to the vet that was more than maybe $500, and that's for a full tune-up. It's $200 a year for a regular check in and the chance to ask a few questions to the vet. Indoor cats are just about the lowest risk animal on the planet, in my estimation. + +Who has experience of bills like these? Moreso, who here would pay $15K+ for their pet? Am I just uncommonly lucky to have had a decades-long run of animals that have never needed more than a thermometer up the bum and a worming tablet? +Seen a lot of discussions about Job Keeper and people being scammed or not getting it from their employers, which is really discouraging when people are tryign to band together. + +Here's my quick understanding to put the business perspective out there. I'm not a business owner, and am thankfully employed at the moment, but I've been speaking with family and friends who run small businesses and this is some of the feedback i've heard about Job Keeper. + +Putting aside employees and employers eligibility the key thing which is catching businesses out is that they need to pay their employees the $1500 per fortnight. For some businesses this may not be a simple thing. + +If they had 10 casuals who worked a small amount of hours each a week. That's 10 employees x $1500 x 2 fortnights. That's $30,000 that the business needs to have to cover them until the Government's payment comes through. If a businesss is completely shut down and not receiving any income this could be pretty hard (yes there's options around low interest loans at the moment), so for some businesses who are struggling with cashflow it mightn't be that easy. They may want to pay their employees the Job Keeper, but just don't have the cash to get the ball rolling. + +The ATO does allow businesses to make a [late payment](https://www.ato.gov.au/General/JobKeeper-Payment/Employers/Paying-your-eligible-employees/#Whentopay) up until the end of April for the 2 fortnights in April. However, the business still has a gap in money between then and early May when they get the money back from the ATO for JobKeeper. I think they then have to rinse and repeat for the following 5 months of payments. + +I'm not trying to excuse businesses who are scamming or doing dodgy things, nor get into a debate into how much cash flow / emergency funds a business needs to have. Just trying to give people a perspective on how some smaller businesses will be struggling to get over the first hurdle to Job Keeper. It's probalby one part of Job Keeper that isn't quite as smooth as it could be. +I don't have a lot of money, but whats a good 'cap' for a used car? what are the pitfalls and such? I heard the cap for a used car should be about 5000 dollars. + +I know there is a way to look up the history of a car but im not sure how or where. +Hi folks, wanted to ask for some advice/thoughts. + +- 23 y/o in Texas +- Current salary $77k, will be $86k in Feb 2018 +- $63k in savings, $26k in 401k, $30k in state retirement system (not accessible until separation from job) +- 760 FICO score, was 800+ until I paid off my truck +- Living at home currently. Not paying rent. No debts. + +Thinking about getting an investment property and possibly a home for myself. + +Thinking about buying around a $140-150k rental property (single family dwelling). Have only spoken with one lender so far (BofA) who said I would have to put 20% down since it's a rental. Factoring 3% for closing costs for a total cost of $34,500. Would finance on 30yr mortgage. This would leave me with around $30k still left in savings. I would rent this house out and hopefully have positive cash flow. + +I'm also ready to move out of the parents and get my own place. The homes I like are around $250-275k or so. I would wait until Feb 2018 (when I get my raise) and save aggressively until then. I estimate I could save an additional $13k by then for a total savings of $43k in Feb 2018. I'd be unable to put 20% down on my personal property since the rental took a big chunk out but I could put 7-10% down on it (factoring 3% for closing costs and a house at 275k, this would cost ~$36k). + +Questions... + +1) What are your overall thoughts on this strategy? + +2) Does it matter whether I get a rental first and then the personal residence? Or should I flip flop this around? If I get my personal residence first, should I put 20% down on it? That would take a big hit on my savings and delay buying a rental as I would have to build up my savings again. + +3) Another strategy I've thought is buying the 1st rental as described but instead of buying a personal house, I would get an apartment. Monthly rent would be less than the mortgage on a 250-275k house and I wouldn't have to put a down payment. I could take this extra savings (and hopefully positive cash flow from rental) and build up my savings until I can buy a second rental. I'm thinking I could save at least $1500 a month (netting $4200 a month, minus $1500 for apt rent, and $1200 for living expenses). If I can work one overtime shift a month I could save an additional $700 for a possible total savings of $2200 a month. I feel like this method would allow me to build up my savings again quickly so I can buy rental property #2. + +--- One of my concerns if I got two rental properties before a personal one would be my debt-to-income ratio would be too high to afford a personal residence. As in: + +Rental Property 1 - 150k house, monthly mortgage of $1000 Rental Property 2 - 150k house, monthly mortgage of $1000 + +43% debt-to-income ratio at $86k salary - $3081/month + +I already have $2000 in 'debts' from my two rentals, leaving me with only roughly $1000 before I reach the max debt-to-income ratio. The homes I like would have a monthly mortgage in excess of that. + +Do the banks still factor the rental mortgages as debts even if you have tenants and positive cash flow? If they did, would I be restricted to a mortgage that kept me within my debt-to-income ratio? + +I'd love to hear some of yalls advice! These are just some ideas I've thought about. It's all new to me so I just wanted to explore some possible options. Thanks again. +I’m single, 22 (just graduated with my BFA!) and I’m buying groceries almost exclusively for myself. I live in Nashville currently. I find my average “big” 3-week grocery trip can be anywhere from $70-$140, after accounting that I go to multiple stores. I also find myself getting small things here and there throughout the month, and I don’t eat out or order food like DoorDash often. + +I’m generally thinking $230/month seems like an accurate budget/spending average in my current state, but I’m also planning on moving to NYC for work, and I need to know how much the price hike could affect my budget. Should I push it higher? How much should I move it? +Hello all, + +I come from a very poor family and I was never taught any lessons in personal finance. I have taken some initiative to begin teaching myself using this sub but I was hoping to get some pointers to help get my mind in the right place as I continue to learn. + +*Salary (starting Job next week): 80k in Georgia.* + +*Monthly take home (post taxes): \~$4,777* + +*Student Loan debt: 25k (first payment of $200 due next year)* + +*3-year Personal Loan (First payment due with my first work check): 15k @ 23% interest* + +*Credit Card Debt: 9.5K @ 22-25% interest rate* + +*Cash: 2k* + +*Monthly bills (I live at home for free and will continue to until I am able to afford to move out.): $400-500 for help with misc. bills* + +*Credit Score: 650* + +I am nearly 50k in debt and I am not sure how I should go about attacking it. I also want to begin investing but I am not sure if now is the best time as I have all this debt to take care of. Any advice about what I should do/be focused on right now would be great. + +Thank you! +I want my emergency fund to hemorrhage less money from inflation. I also have a vanguard brokerage account. Should I stick my cash in there or open a HYSA? +My wife and I are in our early 40s. We’ve worked hard and we didn’t come from money. Just want to see if there is anything we’re missing as far as budgeting/saving/investments + +Household income $510000 + +Monthlies: +Mortgage $6700 (HCOL area) +Property tax $2300 +HOA $289 +Home insurance $235 +Cars $2050 (electric) +Student loans $1100 +Food $1700 (family of 5) +Child care $1600 +Misc $1500 +Utilities $700 +Savings $8000 + +We max out our 401s and we both have pensions. We have considerable side hustles but there can be burnout. We started making this kind of money last year; previously we were at $300-350k. I know I’ll get slaughtered for the cars but we used to eat tuna straight from the can with plastic forks so we need to live a little. Savings about $100k + +Any feedback is appreciated. + +Thanks +I (24M) Got a higher-level job in the media field in another state (Rhode Island from NY). CC debt started accruing and just trying to get my shit together before making it worse or longer to get out of debt. Having trouble budgeting as whenever my girlfriend visits for a few weeks we go out often. I've got a subscription food kit service to lower costs of eating out but know I can lower it even more by learning to cook. I also haven't enrolled in my job's 403B with matching 5% just trying to clear this debt ASAP before doing so. Help? + +Monthly Income: $2930 + +Rent: $1250 + +Car: $200 + +Internet: $54 + +Electric: $30-$50 + +Gym: $30 + +Food (Meal Kit): $240 + +Eating out: $80 + +&#x200B; + +This is how my debt is spread. + +Card 1: (0% Interest for 10 more months) $3492.54 (Nearly full, lowering my credit score) + +Card 2: (16.24% Interest) $2,245.37 + +Card 3: (23.99% Interest) $1261.00 + +&#x200B; + +I've honestly thought about doing a weekend job or something to kill the debt quicker. I have no student loans or anything. I'm hoping to possibly go to Graduate school once I kill this debt. Help? +First things first, please excuse my ignorance. This is my first post on this subreddit and I am a newbie to just about anything money related that involves more money than the price of a cup of coffee. + +I'm wondering what I should do with my money in order to have it grow. Do I invest in stocks? Funds? Currently, I'm hoping to get started with Robinhood as kinda an entry to the stock market, but I have absolutely no clue if that's my best option. I have had a very smart teacher tell me to get into real estate asap, because people are always going to need houses, and you own a physical peice of land. This is a little unreasonable for me at this time, because well, I'm 17. I dont exactly have that kind of money. + +Other than Robinhood, I also took a look at Betterment. That lead me to come here because I realized theres so many things I could do with my money, and I dont know the first thing about it. + +Currently I'm thinking of setting up a separate bank account for my investing stuffs (that's what you do right?) and setting 1 or 2k aside into it. I'll probably play around with Robinhood while I do my research about what the best option for me is. + +Does anyone have any thoughts? I know the earlier I invest the longer time my money has to grow, and having something to fall back on in the future when I retire seems like an alright plan :) + +EDIT: Plans for the future and what I sit on now + +Currently, I sit on around $5900. I hope to further pursue my career in the software development company, while going to college at the same time. I'll start with my AA transfer at a community college, then transfer so somewhere (not sure were yet unfortunately). Preferably use my spare time to continue working at the company. I'm not exactly the go out and party type, so while most might say to just have some fun, I rather grind now, and be the fun grandpa later. + +I have the choice between going home to my parents house for the next 6 months and banking about 20k, or spending the time with friends out west and blowing that money on a car (6k), ski pass (1k), and rent (6k) plus regular expenses. I'm 29, I want to do a masters next year, and I have 60k saved up and I make 57k a year. I've got a decent job as a Learning & Development Manager and good career prospects. + +If I stay out west I'll push back a down payment on a home by a year or so, and I'll have to dip into my savings to pay for my second year of school. At this rate it looks like I won't be buying a home until I'm 36. I feel slightly inadequate about that because the peers that I graduated with are buying investment properties already. + +I am much happier out west, I've got an awesome roommate and I know I'll have a great time out here. But I'm having major anxiety over the thought of spending all that money that I could just invest for the long term. I already did a 16k Europe trip a few years back and I feel like I'm indulging too much / need to grow up. + +What do you guys think? Am I being irresponsible? +Hi, trying to buy a $38k Rav4 Hybrid. +I'm afraid the %APR may be high, as I'm starting to see more and more people be stuck with a 5.9% loan. + +I want to do the best I can. How do I position myself best? +My credit karma score is 765. + +Should I get rates from a credit union first and try to get them to beat it? +Was thinking more of financial planning for my future children (none yet, planning for 2) and was wondering if it might be more beneficial to start a 529 when I do have a child, or just invest a lump sum in a fund like VTI? +My plan would be to put $5000 in something once they’re born and let it grow until they’re an adult. It seems like the 529 would be better if they end up going to college, but I’ll want them to choose the path best for themselves and thought maybe I should just give them the money invested in a fund when they turn 18 for something responsible, like school, housing, investing, etc. Also with the fees for a 529 I’m wondering if it’ll be worth it, especially if they choose to not go to college. +Anyone have any advice in this matter? Or have planned something similar and have some insight? +I am in a long term relationship with my girlfriend. We have been together for 2 years. We have spoken about eventual marriage and we are probably going to get married after a few more years. + +About us: + +- Me: 26m, 255k annual compensation, 1.7m net worth from vested RSUs and retirement/brokerage accounts. I do not own any property. +- Her: 26f, 85k annual compensation, 40k net worth from her 401k + ira. Does not own any property. +- Big financial decisions we want to make in the future: We want kids someday and we eventually plan on buying a house in the US either in Texas or Washington state (both are community property states). + +My parents are happily married for over 30 years so I am aware of the financial benefits of marriage. I am more interested in the other end of things where things do not work where the marriage collapses and results in a divorce. + +Questions: + +- Are there any good books/resources that talk about how assets are impacted in the case of a divorce? +- What makes a good prenup vs a bad prenup? What are the areas other than property and retirement/brokerage accounts that should be covered? +- Is there any other other general advice related to financial planning that you have? I would be especially interested to hear the options of those who have gone through a divorce. + +We will be taking to a lawyer before we get married to understand the legal implications of getting married and then decide if something like if a prenup is the right move for us. However that is still a few years away so I would like to learn a bit more about the this by myself. Right now we are just throwing around the idea of marriage without really understanding what it really means and the legal implications that it has. Thanks. +Hello guys! + +I recently sold my house for a 65k (before capital gains) profit. I have heard conflicting reports on whether I have to pay capital gains or not because I am military and got orders but for now I am going to take it as a 55k gain for investing. + +I am still in the military, stationed overseas until the end of next year so it would be a headache to dump it back into real estate right now. I have put some money into stocks (under 2k) and plan on slowly adding more as I figure out what to invest it. My emergency fund is fine and I don't have any debt now so I'm really trying to push myself to invest into something. For reference, I am 23 years old and contribute 5% to my roth TSP only because that's the amount the military matches. My short term goal would be to buy another house in the next 4-5 years. My LONG term goal is to build my own house one day within the next 10-15 years. + +Does anyone have any advice on where to start? +Hi all! On Friday I was laid off from my manager position at a call center. I was in the position for 7 months and before that worked the front lines for a year. This was due to budget cuts and I can get a few letters of recommendation. + +I made 3369 a month after tax and currently have 2K in savings and just got paid Friday for my first half of time in Feb. Essentially if I take the 1 months pay severance and cash out my paid time off, I will have about $10,500. + +I was also offered a job at $17.50 which is a $12 pay cut with the same company. The company laid off and gave a similar offer to almost 20 out of 150 people. + +What I am wondering is if I should take the offered job from the same company or if I should say fuck them and find a new job and take the package. It will be difficult to find a job at the same pay rate as $17.50 but I also have a bad habit of selling myself short. This is getting kinda long so I am happy to share my work experience if you are interested. It should be noted that my PTO payout will be much less if I take the job while searching for another. + +As far as bills go, I have a car to pay off (my payout could pay it off and eliminate that payment entirely), insurance, and a phone bill. Otherwise, I work for my bills like rent and power as a resident manager. I have a partner that makes good money who is telling me to quit and he is happy to take on the bills while I find a job. We have been together 5 years and plan to marry so I'm not worried about resentment. + + +I'm genuinely not sure what to do. My ego wants me to take the severance package and tell them to fuck off but the logical and scared part of me says its better to have a high paying job than no job or to take such a massive pay cut. Any help is appreciated. +I have a 660 credit score with cards pretty close to max currently. + +I also have a large inheritance payment arriving in mid January. The rest of my savings from previous installments has been used to pay for college. + +I am trying to get just $1,000 or so for a mere 30 or 40 day period. I’d be willing to pay back $1,200 or more upon receiving my inheritance installment. + +Any suggestions for someone like me looking to get a small short term loan? +I'm getting a bonus from work and we're under contract to sell our house. After putting money into retirement account and starting 529's for our kids, we'll have about $30,000. We're thinking we'll either invest that money or pay off my car (we currently owe $18,000 on a 0% interest loan). I'm not sure which is the right answer. If we pay off the loan we'll have more disposable income every month, but if we invest the money we have the chance to make more in the market than we'd be losing on interest (since we don't pay any interest). Would love some educated opinions. +I have started a business outside work and it is going quite well. I plan to leave on July 1st to go full time. Should I give notice or just announce it after I have been paid? + +The company is pretty garbage, no employment contract, commission doesn’t get paid after you have left, promised pay rise and changes to weekend work not given despite me gaining qualifications required etc. + +The owner of the company is a prick but the team I work with aren’t. If I leave on the day then I’m going to be leaving them high and dry which I don’t really want to do but I’m fairly certain the owner won’t pay me what I’m owed if I try to give them notice. + +I also work with a woman who is pregnant and she will be the only member of staff in when I quit. It’s a pretty stressful sales position so I feel bad leaving her to deal with it. At the same time, the company has chosen to get rid of half the work force to ‘future proof the business’. + +Any advice? +What stocks or funds have been working well for you in 2021? I was heavy into ARK funds, green energy, and tech last year and have taken a beating so for in 2021. I’d love to hear what’s working for you all. Like many of you, I was following the trends on Reddit and it was working well for a while, but since February my portfolio has been suffering. I made some changes to focus on building my dividend base but would love to hear what else is working for you all. +I’m assuming the trinity study used a general stock market trend when calculating its returns. + +However, if one had a real estate portfolio and lived off of cash flow would you follow the same rule? + +For example if I had a $11.25M portfolio would I just aim to get a 4% COC return post expenses to obtain 28k a month ( this assumes the tax benefits of real estate lowers one to 25% tax bracket )? Assuming I increase rents 3-4% yearly I could account for inflation. The real estate market isn’t known for having such big swings as the stock market so a good sequence of events wouldn’t be as imperative as when using an S&P index. + +I also assume that these properties are at 100% equity, so a 4% COC return wouldn’t be extremely hard post vacancy, property management, cap ex etc. + +Since these properties are fully owned and we can assume slight appreciation over a 30 year time span ( around 2% conservatively ) there would always be enough excess money to pay for something in a downturn, or one could just sell a small portion of the portfolio to cover cost until the market recovers. + +The one major difference I see is that establishing this net worth and cash flow is not nearly as passive as investing in stocks initially, but with the right team and property management I think it would lean closer to passive than active. + +Thoughts ? Does the 4% rule hold true? Would you want a higher or lower withdrawal ? Is there any other study like the Trinity Study that has looked into this? + +Edit: instead of 100% equity , how would 50% equity fair. Seeing as the whole point of real estate investing is to leverage. +My area of specialization isn't one where I have much expertise in anything that really will make me a lot of money. My job prospects will probably give me middling compensation at best at this point. With that kind of money coming in, I don't think that getting to fat fire without making some higher risk investment, like opening a buisness. + +While I don't have tons of buisness experience, what I have on my side is drive and time. + + +I think the franchise may be a good route because if given the knowledge of that franchises buisness model I am sure I can execute well. + + +In whatever the case, I want to know your thoughts on moving into franchises to start getting some more cash flowing into my investments. +MSM and Hedge Funds have tried desperately to steer the narrative on GME in this saga, saying that it's a dying brick and mortar, games are digital now, that the shorts have closed, that Ryan Cohen doesn't have a plan, yada yada yada. + +What none of them have focused on is the sheer amount of shit posting he has done. What he posts on Twitter as the chairman of Gamestop should have the press calling him a fucking lunatic and a madman and that we're idiots for following him... But they don't.... They ignore his tweets, probably because they want as little attention on what he's hinting at as possible but also they know that if they confront him personally, he has the power in his hands to wipe them off the face of the planet at any moment in return. + +Pure speculation of course but I just get the feeling they're all terrified of RC as they fucking should be and want as little interaction with him as possible in case they ignite the fuse themselves. + +I love this company and the greatest Chairman leading it. +I have been analyzing EA share price and have come to the conclusion that the stock is over valued. + +The obvious indicator is as follows: + +The P/E ratio is >50 this is high especially compared to other video game publishers, most notably Activision, which is the publisher that owns the call of duty franchise with a p/e of <40 + +My explanation for why the stock is over valued: + +EA’s value comes from the future growth expected by the company. This future growth is expected from 2 main factors, licensing deals with Pro sports leagues (NFL) and Disney + Star Wars + +I do not think these factors will greatly contribute to EA into the future. + +The reason I think this is because EA has been in possession of these exclusive licensing deals for years and even decades. EA has had exclusivity of pro league licensed sports games for as long as most of us have been around, and it’s Star Wars deal has been old news for about half a decade and to make matters worse EA has lost its exclusive deal for Star Wars to Ubisoft (another video game publisher). + +These deals are not likely to ale EA more valuable and it is much more likely that EA looses these deals then for EA to actually start making sufficient growth in its revenue or any other area of the company for that matter. + +I’d really appreciate anyone else’s thoughts on my evaluation, it’s my first time making a DD post of this depth + +Thanks! +Started 11 months ago, with barely 0.07 BTC in my account, I've been able to successfully convert it into a whole BTC through nice enjoyable day trading. + +I've actually accumulated 1.1 BTC and put 1 BTC into my hardware wallet, while 0.1 I will use again to trade, and hopefully turn one day into another bitcoin. + +Now here's to waiting when BTC will moon and Mars beyond! + +Cheers. Just wanted to share this little story of mine! + +And I'll say this, ANY of you can do just as good by doing your homework. + +*ADDITION:* + +I'd like you all to divert the attention to what u/DownvoteToKarmaHell wrote. + +https://www.reddit.com/r/Bitcoin/comments/f9autp/through_long_and_honest_trading_ive_finally/fiqyce6?utm_medium=android_app&utm_source=share + +Keep your crypto and your online security safe people +I don't mean just in terms of the recovery over the last six months... Even pre-COVID, couldn't help but hear about how PE ratios and the Shiller CAPE are near historical highs. But isn't it silly to consider those valuation signals without the context of interest rates? After all, the biggest alternative to equities is bonds. Given that bonds are near historical low yields, isn't it to be expected that stocks be at historical high valuations? The way I see it, [the spread between (stock) earnings yields and bond yields](https://www.yardeni.com/pub/valuationfed.pdf) is substantially higher than it has been in the past, implying that stocks are undervalued. + +4% earnings yields (25 P/E ratio) sounds terrible and like the stock market is overvalued... but only compared to the past, not compared to current alternatives (\~1% for risk-free). +It's a CP2000 form. I don't understand where this is coming from. All the letter says is that they "received new information" and now I owe them more money. Unless I jumped in a time machine back to 2018 and got a second job then I have no idea what to do. I know I can't time travel but I can't prove them wrong. I can't even pay this. I've tried calling them but they never pick up. What is going to happen to me? +Hello, have say some small amount like 10k to invest somewhere but want to avoid stock market for now. What would you recommend? For now I see 2 options for myself: 1.4% APY savings or 1.8% APY CD. +Strike, a digital payments platform based on Bitcoin's Lightning Network, has announced a partnership with Shopify, an e-commerce platform. + +Strike CEO Jack Mallers announced at the Bitcoin 2022 conference in Miami that eligible U.S. Shopify merchants will now be able to accept bitcoin payments from customers around the world as U.S. dollars. + +Mallers, a Forbes Under 30 alum, also mentioned that Strike, based in Chicago, has teamed with NCR NCR, the world's largest point-of-sale (POS) supplier, and payments business Blackhawk. + +By leveraging the Lightning Network, a second layer built on top of the bitcoin blockchain that allows users to send and receive cryptocurrency quickly and cheaply by moving transactions off of the main blockchain, the integration provides an alternative to traditional card networks such as Visa V and MasterCard. According to Mallers, the service would be available to anybody in the world who has a Lightning Network-enabled wallet, which includes more than 70 million CashApp users. + +The announcement demonstrates the Lightning Network's growing popularity. Robinhood announced intentions to integrate the solution into its technological stack earlier today, joining companies such as cryptocurrency exchange Kraken, Twitter, and Block. + +Lightning Labs, a California-based developer of the Lightning Network, announced a new protocol on Tuesday that it hopes would allow the Lightning Network to accept assets other than bitcoin, such as other household names like Ethereum and the new ones like $Darc, stablecoins and fiat currencies. +My CU recently announced they're going to start doing early direct deposit. That's fine, but several people I've talked to are freaking ecstatic about it... and I don't get it. I've seen every startup banking up hyping early direct deposit as a major feature, and I don't see how it's such a massive benefit. + +Getting a deposit on Wednesday instead of Friday doesn't seem like a game-changer to me. Granted, I'm not living paycheck to paycheck, so I'm not broke going into payday, but even if I was, getting paid two days early seems like it would only help the first time. After that, you're still getting paid every two weeks; It's just every other Wednesday vs. every other Friday. + +If you need the money on the first Wednesday and can't wait until Friday, great. That's a benefit to you... that first time. After that, you're still going two weeks between each deposit. + +Am I missing something? This doesn't seem like a major benefit to me. +BB had an amazing ride up to almost 30.00 in one week, but unfortunately it was a causality in the meme stock hammer. Although it was pushed on WSB, it is still (in my opinion) a stock to buy or even look out for. Despite the drop, BB has been upgraded to a “strong buy” from Zach’s today. + +The new partnerships and press keep coming, and I truly think it can ride back to the at least their competitors valuations, seeing as it outperformed them all in their recent security test. + +https://finance.yahoo.com/news/blackberry-bb-outpaces-stock-market-225010331.html + +https://www.google.com/amp/s/techcrunch.com/2021/01/25/blackberry-and-baidu-deepen-autonomous-connected-car-partnership/amp/ + +I have 500 shares of BB @ 12.67, so this might be seen as a bias post, but i’m just sharing some good news on BB. Feel free to interpret the news as you see fit. +Edit: deal is off + +The Tweet: https://twitter.com/cz_binance/status/1590013613586411520 + +> This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days. + +I don't follow the space closely but from what I gather + +- Binance announced a few days ago they were selling FTX backed FTT because of issues at FTX, [causing a 30%+ crash](https://coinmarketcap.com/currencies/ftx-token/) of FTT + +- FTX CEO SBF (oh my) denied all this just yesterday https://mobile.twitter.com/SBF_FTX/status/1589598284322328579 + +- However reports of being unable to[ withdraw from FTX](https://techcrunch.com/2022/11/08/ftxs-seemingly-sluggish-withdrawals-raise-eyebrows/) have started recently, along with reports that FTX has a [negative BTC balance](https://cryptoslate.com/bitcoin-balance-on-ftx-exchange-goes-negative-coinglass/) + +- Binance is the #1 crypto exchange while FTX is #3 creating a mega exchange (Coinbase is #2) + +- To further add to the drama, if it's to be believed, Binance worked with the FSB to provide data on Putin foe Alexei Navalny https://cryptobriefing.com/binance-turned-over-user-data-to-russian-authorities-report/ +Could it possibly go even lower than this? + + + +https://finance.yahoo.com/news/dow-15000-very-likely-as-coronavirus-pandemic-hits-us-economy-strategist-181857580.html +Because I've been seen a lot of post lately about people getting scammed with these free Bitcoin giveaways and how you have to send the money to receive money I'm going to send $50 a Bitcoin to the next 10 people to post there wallet addresses. + +There's nothing else to it. + +edit:.OKAY NO MORE ADDRESSES. + +As for the paranoid dude with top comment... Do you even understand how Bitcoin and Bitcoin wallets work? You're loss. + +Everyone else, thanks for letting me farm your data. Suckers.... Jk. + +Edit 2: Okay, I lied. I sent 12 of you $50 in bitcoin BUT, the fee came out of your $50 so you're receiving $49.00 instead. + +Edit 3:[Proof](https://i.imgur.com/P6UyEp9.jpg) + +Edit 4: I was going to do another giveaway of $100 to 10 random redditors but now I'm regretting even doing the first giveaway. There's so many paranoid fucks that need to go outside and stop being cynical. No one on reddit is a unique snowflake, nor do any of you matter to the point that someone would give away $1000 dollars in Bitcoin just to find out who you are. Get the fuck over yourself naysayers. + +The reason I did this was because I made a post on Facebook to give $100 in Bitcoin to 10 random people that wanted to get started with Bitcoin. Only 1 person responded so I came here to make some people happy. + +My life is shit and the only way I can make myself happy is to make others happy. So thank you to the people that decided to shit in my Cheerios. + +My time on this earth is limited and I can't take my money to hell with me. + +**Edit 5: I didn't realize how much this blew up. In 8 days I will be doing another giveaway of $100 worth of Bitcoin to the first 10 people to reply to the post (when it goes up in 8 days).** +A good time to buy on fear in the FAANGS next week. + +https://www.bloomberg.com/news/articles/2018-09-22/draft-order-for-trump-would-crack-down-on-google-facebook +So I finally got myself to a spot where I can put about 50% down. I could do 100 but I want small payments for credit and 100% would take me below my “threshold for saving” + +My dealer said they have a car coming in and I have to put a deposit down to save it for me. I get it. What I don’t like is the non refundable piece. + +Is there anything I should be looking for, I wanted to tell them I want the final price signed and agreed upon so in 3 weeks when it shows up they can’t say oh we are charging 2k more. I say no and lose my deposit. + +I’m also aware this dealer possibly is crap for doing this… not many options near me and I called a city 5 hours away they have one and I could go get it but they marked it 5k over msrp. Mine in my city is right at msrp which I believe is fair (for the current situation). + +I just wanted this subs advice on this since y’all give great advice. I know new car is bad… but a used Civic with 28k miles is 26k. The new one is 24k with zero miles. Plus since I want the si I don’t trust previous owners not to beat the crud out of it. +I’m from Ukraine and moved to US a couple of years ago, have green card and a job. Because of the situation in Ukraine, my family wants to send me around $25k for temporary safekeeping through Western Union. Do I need to pay taxes next year on this money? I’m hoping that maybe there is a way to avoid them, considering the plan is for me to hold it temporarily. I will send it back as soon as war in Ukraine ends. If anyone knows of other more effective methods of sending/receiving that will avoid large fees/tax I would greatly appreciate any input. + +Thank you :3 +I made a post a few weeks ago about a little project I’d been working on and it got some interest: https://www.reddit.com/r/options/comments/ft558f/hello_fellow_gambl_option_traders_ive_created_an/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +I took into consideration a few of the suggestions, like filtering by date, contract price, etc. I also made it scan for everything 50 cents and under. + +Happy to have gotten it approved by Apple! Here is the link: https://apps.apple.com/us/app/penny-ops/id1508672055 + +Still open to suggestions. Would like to make a web interface as well. + +Happy trading and thanks for using! +First, for those who don’t know me, I’m the guy that comments and cheers on 90%+ of purple ring posts. I’m xxxx all in GME, 100% DRS (I used computershare flair so you can check the bot comment for proof) I’ve been here since January. I’m on here many hours a day every single day. I love encouraging and helping others. 🦍💕🦍. If you have questions or concerns, please comment or PM me and I will have, or find, the answer for you. Every single reply to this will get a response. + +I’m going to keep saying this: There is nowhere near 700,000 of us on Superstonk and other GME subs. The vast majority of ‘accounts’ are bots, shills, dead accounts, and multiple accounts. I think it would be very generous to say there is even 300,000. + +On the subject of the number of CS accounts … yes, the high score account number being 114xxx means there are 114,000 account NUMBERS. However, there are many apes with 2 or more account numbers. I’ve spoken to many apes that have 3-6 different account numbers! This is exactly why roid_rage_smurf (DRSBOT guy) has added the new CSX feature. PLEASE support this! Simply go back to your original CS post and comment: + !DRSBOT:CSx! +where x is the number of different CS account numbers you have. + +*****After collecting data from the first 328 apes that submitted a CSX number, the number of accounts per ape is 1.39. This reduces the 114,000 CS accounts based off of the high score to actually 82,014 unique ape CS accounts. (Maff=114,000/1.39) +This is why BOT and CS.net numbers were so far off from GameStop’s earnings release number of 5.2M on October 30!!***** +IF I am right, and there are less than 200,000 of us on Reddit and/or many apes will not DRS, then we are approaching a point where the number of new CS accounts is going to come to a grinding halt. Then we’ll be relying predominantly on new purchases to lock the float. You can already see on u/stopfuckingwithme ‘s high score post graphic, that the number of new CS accounts are substantially dropping. + +Next, all too often I see posts using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of ~75M minus insider shares of ~16M (even IF all of those are registered) = 59M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 300,000 apes on Reddit, the average number of shares per ape would need to be 197 just to lock the 59M. Obviously this will take a much longer time to accomplish. If we DRS 5M shares every month from October 31 2021 forward, it would take us until October this year to DRS the 59M shares. + +*****My main point is that locking the float in CS is going to take EVERY one of us DRSing very close to 100%. There are only 3 things that could change this:***** + +1) The word about GME and DRS needs to be spread to the masses outside of Reddit in a big way. (Social media, word of mouth, website, banners, billboards, whatever). If every ape here would just reach another person or two outside of Reddit, we would lock the float in no time! + +2) Enough apes with money tied up in other investments would need to convert those to GME. I truly love every ape !! But please PLEASE trade in your “other investment” now. It’s the perfect time. Even IF both squeeze, only GME has a turnaround plan that can launch MOASS. Why split your ammunition with an inferior stock when the float can be locked so much sooner by fighting the war on only one front?!? + +3) I know this used to be a point of contention - I welcome HEALTHY discussion in comments - but many apes have a ton of shares with Etoro and other brokers that will not DRS. *****Sell and re-buy elsewhere!! ***** Please don’t trust your tendies to a broker that won’t DRS! + +This post is not FUD. It is meant to be purely motivational and encouraging. I think if and when GameStop releases the CS numbers as of January 29 in their March release, we will be lucky to be at 16M. Don’t wait for that number to get off your butt and DRS your max! I don’t trust any broker now. I certainly won’t trust them not to screw us over during MOASS and/or when they’re facing insolvency. Why trust a broker with your millions?!? I don’t say this to scare anyone, I say this because I want you to get your tendies and change the system. + +*****Changing the world is what’s at stake!!***** + +BE THE CHANGE!! Ignite the rocket! 🧨🚀🧨🚀🧨🚀 🦍💕🦍 + +For newer apes, please check out computershared.net by u/jonpro03 and all apes check out newer posts by u/fleshfarm-leftover for more CS data perspectives. + + +TLDR: DRS your max! Spread the word. +#LOCK THE FLOAT!!! + +DRS your IRA: https://www.reddit.com/r/Superstonk/comments/sh5cy1/how_to_drs_rollover_simple_traditional_and_roth/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Let's say that I want to purchase a townhouse or a condo. Condos are cheaper in this area, let's say 350k. Homes ~500-600k. Let's say because I have good credit (750+) that I'm able to get a pretty decent interest rate and save up 20% down payment. + +I realize condos have fees, but homes also have maintenance. And while I don't think condo fees get you out of all maintenance, correct me if I'm wrong but this includes a lot of exterior issues, yes? + +Anyway, curious as to what you all think. What if the price of the condo and townhome was the same? + + +Hi everyone + +Just wanting to know the facts. + +My partner and I put a formal offer in for a property yesterday afternoon. Sellers accepted the offer. We signed the sale contract and are waiting for them to sign. + +There was an open house scheduled on this property today and it's still showing up as scheduled. + +Is there a chance the real estate agent can still put forward offers to the sellers until they sign the contract? + +Getting a bit nervous as we love this house, but happy to get the facts and be told how it is to save getting too excited at this stage. + +Thanks everyone +Say the boomer generation which majority probably have 300-600kish locked up in super all decided to retire this year preferably around the same time could they effect the markets in any major way? +I was doing some tax documents this afternoon and started to reflect on my investing performance over the past few years. I'm 25 now, when I started my first job right of out university at 22 I had no idea what to do with the money I was earning. I ended up investing (gambling) on ASX penny stocks, and actually got really lucky... at first. + +My first "win" was AVZ, a lithium mining company based in the Congo. I put my first $10,000 from my job into it with no research other than believing the hype on HotCopper. I rode it all the way to $50,000! At 22 this made me feel like the king of the world, and I got addicted to that thrill of finding the next winner. If I could pull the same trick a few times in a row, I would be a millionaire within a year! + +Over the next two years, I would steadily erode that $40,000 total gain into a $15,000 total loss. I speculated on everything from a gold mining company in Brazil, to a cobalt explorer in Namibia, to exchange rate futures in the United States, to biotechs, and on and on... + +In February 2020, three years after the beginning of my investment journey, I reached a point where I accepted I had a problem. I wasn't an "investor", I was a gambler. I looked at people who put their life savings into slot machines at the casino with disdain, and then realised I was exactly like them. I sold everything I still had in the share market and did some research into the financial independence retire early (FIRE) movement. I accepted there was no shortcut to riches, I would have to earn and save just like everyone else. + +Now I'm here looking at this $15,000 loss and wondering, how badly did I screw up? Is this something that has happened to other people as well? I'd like to hear your experiences so I don't feel like such a moron :( + +Today, I have a portfolio of VEU, IVV, and A200. Funnily enough, I had my own personal financial crisis just before COVID-19 hit, enabling me to buy these three ETFs right after their prices collapsed. That softened the blow somewhat. + +**TLDR: I was a moron during my first three years of earning and "investing", and turned a $40,000 gain into a $15,000 loss by betting on penny stocks. How bad did I screw up? Has something similar happened to you?** +> As for China’s financial system, [China Banking Regulatory Commission Chairman] Guo Shuqing warned that “after the Black Swan of the pandemic, its asset quality will inevitably deteriorate” since current loan classifications haven’t reflected their true quality and banks’ profits on paper are inflated. + +> Combined earnings at China’s more than 1,000 commercial banks slumped the most in at least a decade in the second quarter as bad loans climbed. The government has told lenders to sacrifice $211 billion in profit this year to alleviate the worst economic slump in 40 years. Bad loans hit the highest in more than a decade, growing to 2.7 trillion yuan ($389 billion) at the end of June. + +> Authorities in Beijing have leaned hard on the $41 trillion banking system, led by Industrial & Commercial Bank of China Ltd. Lenders have been told to forgo profits by providing cheap funding, deferring payments and increasing unsecured lending to small businesses struggling with the pandemic outbreak + +https://finance.yahoo.com/news/china-banking-watchdog-warns-fed-052227678.html +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/) +So they now have a "tip your sandwich artist" automatically set for like 15%. You can set it to $0.00 by tapping "other" but beware: if you apply rewards after setting it to zero it will automatically reset the tip to 15%, so you'll have to turn it off again. + +This will be easy to miss for anyone just habitually rushing through making their favorite order or something. + +Stay safe out there; sharks are everywhere! +Idk if this is the right place to put this. But I've been a longtime lurker on this subreddit. + +I used to post to r/assistance and r/randomactsofpizza. I used to donate plasma at a local Grifols, and I did payday loans to finance my lifestyle even when I couldn't afford to do it. My bank accounts used to be -negative- and in the red with no money for two weeks cause I paid my bills and rent and bought groceries. I had nothing but ramen and mac and cheese and that's cause I scraped together enough change to make it work. + +Throughout this experience, I kept trying different career ideas. Teaching myself how to code, digital marketing, even learned about "data science". All of this I learned through browsing reddit. Searching"how did you get a 6 figure salary or how to get a job without a degree". Most of my money (I made $8.25->$7.25->$9.25->$15 an hour from 2015-2018) during this time went to school/car/life. My parents were always there, and I was lucky that I had a roof overhead. I know many who don't/didnt. I should have even asked for help sometimes, but I knew they had 3 other kids and their own debt to take care of. I tried all the savings plans and hacks and honestly, I didn't have much success. + +I considered so many other get-rich-quick paths, crime and all that shit. I used to get excited applying for jobs paying 25K a year. It took a bit, but I got a job paying $28K that led to $50K and now the tables have turned. I make more than 100K+ a year, I work for one of the biggest companies ever to exist. I have spending money. Actually putting into a savings account, 401K, stocks even. + +And before you think Im about to make this into a rags to riches story, I want you to know I actually hate it. + +I hate that we all have to struggle to eat, I hate that the only option to pay bills is taking predatory loans. I hate that to afford college you have to take more predatory loans, I hate that my parents both immigrants worked hard and had to watch their son fail out of college multiple times(with loans) and have the prospect of no future because the system only rewards a certain type of learner. I hate that success is now me profiting off the exploitation of others. I hate that I had to beg to get by. And fall my way into a career path where now I realize the only barrier to entry is privilege. + +But I hate even more, that I'm considered a success....and that many of you will never have the chance I have because we live in a world where we'd rather people die than give them access to housing, food, or healthcare, electricity, internet or any basic rights that people deserve. I don't want this money even though I strived for it. Maybe that makes me a dumbass or maybe I'm just a poser. But I hate how this world is set up. I'm so angry all the time, hearing people with so much privilege complain about missing out on ski trips cause they have to go on a golf trip. And these moneyed people don't have anything "figured out" they just got lucky and know to exploit what they already have, + +I don't hate people enjoying their lives, I just hate that we are all in this race to the bottom. Our lives revolve around money in the USA and it sucks. Killing this environment so Becky can have an iPhone, while people get exposed to covid for min wage. All I know is we all want a warm bed and a place to call home where we don't have to worry just for a little while. And me being in mine, makes me wish others could have it too + +tldr: I got to the end of the rainbow and it ain't so sweet. + +&#x200B; + +Update: I appreciate all the positivity and even the criticism on the post. I really wish we didnt have to do this ridiculous dance to survive. But wherever you are in your journey, I wish you the best and I hope you know you're not alone. Survival is great, but we need to enjoy this ride around the sun too, it may not come again. Also I will respond to people the best that I can thanks! +[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 + +&#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! + +**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) +Good morning, + +I'm in the dreaded middle portion of saving for FI and I've been reading this sub for a while so I feel pretty comfortable with what I'm doing, but I wanted to share my experiences (a) to hopefully help others at different phases and (b) to see if there are any glaring errors in my philosophy. I've decided to break it up by life event/age to show decision points with pros and cons. + + +My current breakdown is as follows: + + +Age: 31 + + +Salary: ~90-100k/yr + + +Savings (cash): 60k + + +TSP (401k): 123k (~4% match from job) + + +Roth IRA: 56k + + +Mutual Fund: 7k + + +Wife's 401k: 30k + + +Wife's IRA: 30k + + +Wife's Salary: 60k and 10k post baby + + +We have a house. Paid 360, put 20% down. Currently owe 280k @3.75% 30 year mortgage. + + +Total expenses are roughly 4k/month (incl. mortgage). + + + +Timeline: + + + +**High School** + +My family is solidly middle class we were never "without" but we never had expensive things and + +lived fairly modestly. I did well in school and got good grades. Worked at a bagel shop in the + +summers. I got into a prestigious engineering school and got good scholarships, but would still + +need loans. + +**College** + +Majored in mechanical engineering (love it, born to do it). Went to prestigious engineering school + +for 1 year. Hated it. Went back to a state school and got free tuition. Worked a lot. At one point + +I had 5 jobs working mornings, afternoons, evenings, nights, weekends. I paid all my + +living/food/car/book expenses on my own. Got an internship which led to my first job. Didn't really + +"save" money, but I had to be thrifty because I basically lived paycheck to paycheck. + +*Pros:* + +- Probably good to go to state school since I wasn't that motivated. + +- Working helped me get out of school with no debt. + +- Majoring in "STEM" was a good move although it wasn't the craze it is now (graduated in 2009). + +- My side jobs were good work experience and helped me get my first job. + +*Cons:* + +- All the work impacted my grades and my mental health. + +- Became very stressed and depressed. + +- Wish I studied more and made more friends. + + +**Early Career/Relationship** + + +Started working right during the recession and felt lucky to have a job (soon after getting hired I + +watched half my staff get laid off). I broke up with a girl who had a lot of student loans (not the + +only reason, but it was in the background). This was when I started to become financially aware, + +thinking long-term. Realized I liked another girl in part because we had similar financial views. I + +switched jobs from private sector to Gov (close by). Took a small pay cut, but got a large raise 6 + +months later. I started my Roth IRA (max) and started matching 401k. After a few years I realized + +if I put the yearly max in the 401k, soon the ROI would make more than I could possibly put in, so + +I started maxing my 401k. I started an EMPLOYER PAID Master's degree (Mech Eng) part time while I + +was working. + +*Pros:* + +- The Government is a very good job: exciting, decent pay, pension, tsp, good health benefits. + +- I'm glad I met girl #2 because she is now my wife and we are into saving money together(<-- this is a huge pro, something to seriously consider). + +*Cons:* + +- Sometimes I wish I had traveled more or gotten a job farther from home. + +- The MS was nice, but it was long and a lot of work to do part time. I missed out on a lot of socialization and life exploration during that time and the MS didn't really help me at work. + + +**Current** + + +I got married, bought a house, and had kid. The house is a little bigger/more expensive than I + +really wanted, but there really wasn't a lot on the market at the time. We didn't max out the + +mortgage, just based it on what we could afford and still save money with just my income. Our + +strategy is to have this be our "forever home" so as not to incur real estate agent/selling/buying + +fees and the hassle of moving. Our strategy was to put 20% down and still have an "emergency fund" + +enough to buy a new car or do major repairs. Also decided to do 30 year vice 15 year mortgage so I + +could put the max in my 401k/TSP. I make my own lunch almost every day and we buy used cars in cash + +(We have an 07 and just bought a 2010). I do a lot of the home maintenance on my own. We don't + +really budget, but we have a pretty good hold on how much we spend.A few years ago I really dug + +into understanding taxes and one of our strategies is to reduce them (mostly with TSP contributions + +to stay under 25% tax bracket, house deduction, and decreased withholding to have more money in my paycheck and less tax return). + +My wife started working only a few days a month after we had our kid. We live close to my parents + +for free childcare. We didn't want to do daycare because after figuring out the cost and taxes, + +etc. my wife would basically be working to pay for it. + +We don't really have a college savings strategy except to just save for our own retirements. I'm want to convince my children to go to our state school. + +I might not RE, but at this point I feel confident in our financial position. If I stick with the government until I'm 57 I will get around 30% of my pay for a pension + social security + TSP + Roth. We may even end up in the situation where we're making too much money in retirement! I plan to do this math soon... + +If anyone is wondering why we have a ton of cash it is because (a) we have a lot of house repairs coming up (paint, new roof) and (b) I may use some of it to take some time off or start a business. + +*Pros:* + +- Being married to someone with similar financial values is good. + +- Kid isn't too expensive (not counting missed earnings from wife) and having a kid is awesome. In terms of FI we got a lot of hand-me-downs and we buy used stuff so we haven't spent much and you get a pretty sizeable tax break. + +- The house is nice. We never feel like we need to take a vacation and it's probably worth about 30k more than we bought it for a few years ago. + +- Majoring in Engineering and being "hands on" have saved me tens of thousands in home maintenance. + +- The Emergency fund came in handy 1 month after buying the house we had a tragedy and had to spend money. + +- Starting early with the ROTH and TSP were good. Last year, my TSP made more than I put in for the first time (!!!). This was ~5 years in the making. + +- The mortgage interest tax deduction for us is decent. + +- I like my job. Supposedly you make less working for the government, but I don't think I'd make much more. Also, my week is 40 hrs and the job is stable. + +*Cons:* + +- A house is a lot of work and expensive and at this point is the thing that will hold us back from RE. It would be much more expensive if I didn't do a lot of the work and repairs myself. Also, I genuinely enjoy designing, building, and fixing things and I feel that these skills build my professional credentials. If you have other interests or prefer to not do home maintenance on the weekends you'll have to pay someone to do these things. Seriously, in terms of RE it might be better to rent. I hate landlords though, so... + +- The mortgage interest tax deduction for us is decent, but it's not huge (last year we were about 4k over the standard deduction). It gets better if (a) you are in a high tax bracket and (b) you have a bigger mortgage. + +- Jury is still out on 15 yr mortgage vs. 30 yr and invest in TSP obviously my bet is that investment is a better choice, but I haven't actually done the math. + +Lots of edits: Formatting, age...Also should mention we had a very inexpensive wedding with about 27 people at my wife's parents' house which was a good savings, but still allowed us to have a celebration. + + +Should I just sell and reinvest somewhere where I can make back the loss or do you think URG will get back up (and maybe exceed) $1.3 again? But seriously - lesson learned: I'll never ever buy before open again on a stock that's hot. + +EDIT 3: I'm starting to get some truly dumbass replies to this post so I'm going to stop replying but THANK YOU for all the valuable input thus far. + +EDIT 1: I bought 500 shares. The loss would be around $100 so it's not horrible for me. + +EDIT 2: All the lessons learned: + +Lesson #1: Don't invest before open on a hot stock. Let's hear it again: DON'T INVEST BEFORE OPEN ON A HOT STOCK unless you're using a limit order. This what limit orders are for. + +Lesson #2: If you're going to invest in a new stock, invest a small portion of what you're thinking of investing first to gauge performance. + +Lesson #3: If you're going to invest, invest in the company long-term and be ready to hold through the volatility. This seems obvious but for some reason I thought this wasn't going to get as volatile as it turned out. + +Lesson #4: Know that penny stocks (which I didn't realize that this is what it was because it was worth a dollar lol) are used to pump and dump - this one probably going to be less of a priority to internalize since I'm probably not a penny stocks investor and I doubt I'll be doing this again. + +&#x200B; + + +This is an extension of my DD series on GME. If you haven’t read them and have time, they will provide some background on my previous predictions, some of which have already come true. In this post, I’ll share my thoughts on what I think is going on, plus some tips to manage your positions and exits. + +**TL;DR:** Shorts are in but likely want to get out. And they want to get out at the best price possible. See tips for managing positions. + +# Previous Important Posts + +* [EndGame Part 1](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/) (DTC Infinity) covered the short positions, the float, and potential snowball impacts of increasing prices, and argued that part of the reason that shorts haven’t closed was that it was pretty much impossible for shorts to close +* [EndGame Part 2](https://www.reddit.com/r/wallstreetbets/comments/l0czgs/gme_endgame_part_2_cohen_market_cap_potential/) covered Cohen, fair market cap analysis, and potential investors, in which I talked about the amazing mid-to-long term potential for GME. +* **HEY SEC, if you’re reading please read this one** \- After the Citron tweet, I shared this [fan fiction on what looked like blatant market manipulation by shorts](https://www.reddit.com/r/wallstreetbets/comments/l1tg88/gme_how_shorts_manipulated_you_and_how_you_can_be/) on the day of the tweet, and offered some education on strengthening your position. This one got buried and is worth reading. +* [EndGame Part 3](https://www.reddit.com/r/wallstreetbets/comments/l528pz/gme_endgame_part_3_a_new_opponent_enters_the_ring/) covered the gamma squeeze, potential shady tactics by MMs, and some tips for staying safe. + +# What’s happening with the price? + +### We’re still gamma squeezing + +Many media outlets are reporting this as a “short squeeze”. They’re only partially right, as [if Melvin isn’t lying they’ve already been squeezed out](https://markets.businessinsider.com/news/stocks/gamestop-stock-short-sellers-melvin-capital-citron-surrender-bets-gme-2021-1-1030010382). + +However, the reality is so far we’ve been Gamma squeezing - repeatedly - and some shorts have been casualties along the way. + +See [this post](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) for a deeper explanation, but the essence of it is that market-makers have to buy shares to hedge the calls they sell. The more calls people buy, the more shares they MMs have to hedge with. As I explained in [part 1](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/), GME has ultra low liquidity, i.e. there’s **waaaay fewer actively traded shares than what shorts need to buy to cover with**, and then when you get lots of people buying calls and shares in the hot new stock it just **removes more availability** from the market. + +As a result, when MMs buy shares to hedge, it moves the price of the underlying up. Combine that with the buying pressure of people piling into a stock climbing 100% a day, shorts getting liquidated, and it’s a perfect storm. + +Today, GME closed at $347 (before the after market selloff, but i’ll get to that soon). + +320 calls were added yesterday. Similarly, when 115cs were added we squeezed to >115 in two days. Same story with 60c’s etc. + +Remember this commentary from [EndGame part 3](https://www.reddit.com/r/wallstreetbets/comments/l528pz/gme_endgame_part_3_a_new_opponent_enters_the_ring/) on Friday’s price action: + +*Notice how the stock dropped from a high of $75 on Friday to below 60 - the highest expiring SP for the 1/22 options, and* ***stayed tight in range for the rest of the day****. Now, for compliance reasons, MM are required to be neutral by EOD, so 20 minutes before close, MMs had to buy back all their short positions, which led to the strong close above 60.* + +*All this led me to believe that the* ***real fair market price for GME was above $65.*** *Without the market makers interference, GME would have closed higher.* + +Now, what happened today? We opened at **$351, more than double the previous close of $145** and after the morning profit taking, we squeezed to a **high of $372** as MMs furiously tried to hedge the 320 calls they sold you the day before for peanuts. + +See, the thing is, [Kenny G](https://en.wikipedia.org/wiki/Kenneth_C._Griffin) doesn’t like to lose money. The magical method Citadel’s market makers make money, is that they sell you call giving you the right to buy shares at a certain price, say $320, for the nice price of $10/share (for example). Now, as long as Citadel’s MMs can buy all the shares they have to give to you for less than $320, that $10 is free money. However, when the underlying moves too fast, the MMs have to buy shares for more than $320, and **Kenny G does not like that.** + +Today was a shock to the MMs that sold all the 320cs yesterday. A ***six-sigma event after a six-sigma event after a six-sigma event***. Yet again, within days (a day?) of offering new, higher strikes - **every call option ever sold was in the money, before they had a chance to adequately hedge.** + +&#x200B; + +https://preview.redd.it/cq5wy45433e61.png?width=936&format=png&auto=webp&s=0c75a1e1a6e3808b54bafc646e2e6a7f29ca7cc3 + +So, just as on Friday, if the price got too high above **$320**, market makers dug into their bag of tricks to start selling it off. (People taking profits here helped too.) However, multiple times, when GME went **below $300**, MMs took their opportunity to hedge the 1/29 calls. So, just as before, *we traded in a tight range around the highest strike.* + +My conclusion from this action the first time was that **GME’s fair price was being actively suppressed**, and **it proceeded to 5x** in the next few days. There’s a possibility we’re in a replay and will see more upward movement on delta hedging alone. + +The point of this is: I think shorts are feeling the squeeze, for sure, reporting [massive mark-to-market losses**.** ](https://markets.businessinsider.com/news/stocks/gamestop-short-sellers-squeezed-losses-reddit-traders-army-cohen-palihapitiya-2021-1-1030006226) **But I believe the shorts are still in.** + +### Shorts are still in + +As of Wednesday morning, Ortex was estimating a **short interest of 65M shares**, down from 71M shares the day before. + +&#x200B; + +https://preview.redd.it/ze8wx15633e61.png?width=932&format=png&auto=webp&s=7a034dbb3c54509c6267f20c4122ecdf3f6cf4bc + +If you’ve read my Part 1 ([DTC Infinity](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/)), you’ll hopefully recall my thesis that there are actually less than **24M** shares available, and therefore that it would be nigh impossible for shorts to close. Since then a slew of new investors have piled in to **buy and hold** GME, from little guys like us to big-ass-whales like [Blackrock](https://www.sec.gov/Archives/edgar/data/1326380/000083423721001340/us36467w1099_012621.txt) **increasing their holdings to** **13% of GME.** + +So what? I think the available shares for shorts to buy **are down to under 20M, and they have to buy 65M shares to close**. *Shorts have barely begun to cover.* We’ve only been increasing the cost of their exits! + +Now, let’s talk about Melvin Capital. I loved watching Chamath defend retail investors and argue against the institutional leveraged shorting that got us here in the first place, but I also learned something interesting that helped me understand how the 140% short interest had in the first place, and how the unwinding may go. + +At [2:10 Chamath says](https://youtu.be/DYZHtF-tV0k?t=135) “*Gabe Plotkin is one of the giants of our era, but at the end of the day, what happens is that his trades are copied by umpteen other hedge funds that follow along* ” + +This tells me 2 things: + +* A lot of hedge funds (likely [Maplelane](https://www.bloomberg.com/news/articles/2021-01-27/hedge-fund-maplelane-loses-about-33-on-short-bets-this-month), [D1](https://www.bloomberg.com/news/articles/2021-01-28/dan-sundheim-s-20-billion-d1-capital-loses-about-20-this-month), [Viking](https://en.wikipedia.org/wiki/Viking_Global_Investors), [Point72](https://www.nytimes.com/2021/01/27/business/point72-gamestop.html), and more) followed each other into this short. Much like retards like us get behind good DD shared in the open, these institutional retards got together with their cigars and golf clubs behind closed doors and decided together to go in together against GME. +* If Melvin is really out, it’s unlikely the other funds are going to want to stay in, lest they be compared poorly to Melvin if GME continues to go against them. **The other shorts want out.** + +Chamath also tells us that prime brokers (the brokers that hedge funds use) are seeing [**“the biggest 4-day degrossing from hedge funds they’ve ever seen”.**](https://twitter.com/chamath/status/1354646282678149127?s=21) + +**Again, the problem is - there just aren’t enough shares.** Shorts have dug themselves a massive grave by shorting more shares in existence and continuing to short while Cohen grabbed up 9M shares, institutions added to their positions, and retail traders piled in. + +For [**boomers like this tard**](https://www.youtube.com/watch?v=wgYZk9Mc804) that can’t understand why the price is so high - go back to Econ 101, supply and demand bitch. + +# It’s costing shorts incredible $ to hold their positions + +Here’s all the ways shorts are losing money. + +* They pay borrow fees to loan the stock. At one point today, the GME stock borrow fee [hit 250%](https://twitter.com/zerohedge/status/1354646088221913089) for new borrows. At $300/share that’s $2/day. That doesn’t sound like much right? What if you shorted at $50? +* The short position on GME has ballooned to **$25BN from a low of $1B.** *The borrow fees are applied to the latest closing price, not the price you shorted at.* +* Funds are paying **interest fees on the margin they are using for the short** +* And oh yeah, GME’s up like 800% in 5 days. + +# Dirty tactics continue + +At this point, I think “THEY” have figured out that gamma squeezes are absolutely destroying hedge funds. So what do they do? + +* **THE BIGGEST DIRTIEST TACTIC OF ALL - they only allow you to sell, not buy. HEY SEC, WHY ARE SHORTS STILL ALLOWED TO SHORT WHEN LONGS ARE NOT ALLOWED TO BUY. WHY ARE INSTITUTIONS ALLOWED TO COLLUDE?** + * **This is insane. Funds, prime brokerages, and market makers all stood to lose money so they disabled trading of GME due to "volatility". Citadel invests in Melvin capital. Then brokerages shut down buying!** +* Brokerages down +* Options not loading +* Restrict retail trading on GME + * **I’m seeing reports that retail buyers not allowed to hold more than 100 GME options now** + * &#x200B; + +https://preview.redd.it/is4qn8n733e61.png?width=512&format=png&auto=webp&s=741f80fc182e27584954691ebb581ffee15f86ef + +* This is a direct defense against more gamma squeezes and an **attack on retail investors, giving institutions a distinct advantage.** +* **HEY Shortsellers Enrichment Corporation** \- how is it ok for [Citron to buy thousands of puts minutes before their tweet](https://www.reddit.com/r/wallstreetbets/comments/l1tg88/gme_how_shorts_manipulated_you_and_how_you_can_be/) and how is it ok for prime brokers to give hedge funds 10-100x leverage, but the little guys can’t have more than 100 options total? + * Personally, I don’t really do 100s of options all at once but now I really want to. Fuck this. +* More short ladder attacks. Look at after-hours trading on GME - a rapid short ladder attack during low-volume trading in order to bring the price down. +* **If you use stop losses on GME and leave them on, you will get stop-loss hunted.** + +&#x200B; + +Ripple effects of the squeeze + +* These hedge funds that are short GME, are also short other equities like BBBY, AMC, etc. +* These hedge funds are also long other shares with leverage, so the ONLY way they’re staying alive and not covering their shorts, is that they’re **reducing their long leverage. This means selloffs in the broader market** as they have to shore up their margin requirements against the massive short squeezes in their portfolios. + +# I believe we’re at a tipping point + +* I don’t believe shorts have really covered yet. They have defended by getting capital infusions and reducing their long leverage. I.e. they have begun liquidating long positions. +* If GME climbs more, they will be **forced to cover and liquidate.** + +# Things to be careful about + +As you can see, this is no easy win. In addition to the [suggestions I wrote about in this post](https://www.reddit.com/r/wallstreetbets/comments/l1tg88/gme_how_shorts_manipulated_you_and_how_you_can_be/), here’s some things to be careful about. + +* **There are threats to halt trading. Shares are safe, they do not expire. Calls can be destroyed by tactics like buying halts.** +* **Be careful about swapping ITM calls for OTM calls:** it can be tempting to trade-up your options for higher return, but be mindful of the delta impact. You may actually be driving the sale of shares by MMs when you don’t mean to. For example, if you sell a .5 delta call for 2 .2 delta calls, that’s net reduction of 10 shares that MMs have to hold long as leverage. +* **Be careful about being short any calls this week:** Not only do you limit your upside (which is dumb in the prospect of a squeeze), you could end up in a nightmare scenario. A call that ends OTM on Friday could end up ITM after hours if you didn’t sell it, and you may get assigned while the underlying continues to go up. **Close spreads if your short legs are deep ITM** unless you want to risk early assignment and high hard-to-borrow fees. +* **There are a few other dirty tactics shorts can play.** I’m not specifically going to share them here because I don’t want to give the ideas circulation, but + * **Choose your own limit sells based on personal sell points.** Don’t copy others and don’t try to be memey. Make your own decisions. + * **Stop sharing your positions publicly.** I know this is anti-wsb, and I think sharing them is great for this community, but in the case of GME it’s an **attack vector** for you. +* **Be careful of holding weeklies until expiration.** Remember the multiple trading halts? What if trading gets halted on Friday at 2pm and doesn’t resume for the rest of the day? **All your 1/29 calls would expire worthless. Depending on your broker and your cash positions, maybe even your ITM ones.** Roll (or sell, if you’re taking profits) your weeklies well before expiration. +* **Be careful about buying on margin.** Brokers are rapidly increasing margins. If you bought on margin with 2:1 leverage, and the stock went up 100%, you’d be in margin call even without a margin change. If the broker moves margin against you, you’ll get to margin call faster. +* **Don’t bet more than you can afford to lose.** I’ve been in GME long enough to know that just when you think going up is a sure thing (remember last Monday with the short sale restriction?), you can be surprised by a new trick. If you bet it all on weeklies all at once, you may not be able to recover from being wrong on the timing. Consider longer expiry or spreading your purchases out. I’ve held through multiple 30-40% drawdowns in the underlying; and **held through a 50% drawdown today**, so you need to be ready for the volatility. +* **Watch out for stop loss hunts.** It’s common practice for shorts to hunt for stop losses for cheap shares. If you’ve set a stop loss, be really sure about it. +* **Don’t sell on dips.** You’re only helping the shorts. If you need to sell to take profits, sell when it’s heading up. Sell high, not low retards. +* **Save dry powder to buy on dips.** Dips manufactured by shorts are buying opportunities. Take advantage of folks with paper hands to capture shares at low points. GME has incredible daily volatility. Set a low limit buy and just wait for the order to fill. Have patience when buying. + +This is not financial advice; do your own DD. I’m holding over $1M in shares and calls. **I AM NOT SELLING WHEN THE BUYING MARKET HAS BEEN REMOVED. YOU ARE BOUND TO NOT GET A FAIR MARKET PRICE.** + +**Update** New ortex data shows 51M short interest. So the covering has begun. + +**Update 2:** what you are seeing in the price drops is likely the gamma squeeze in reverse. People are rightly selling their short term calls, so MMs are selling shares they bought to hedge. That drives the price down, which then causes more de-hedging. This is all a manufactured selloff by elimination of ability of people to buy the equity and should absolutely be investigated. It's very likely the big boys knew the buying restriction was coming and started the selloff last night. + +**Update 3:** getting angrier by the minute. Reviewing the volume and price action and shorts bought in volume at the absolute bottom. This mothefucker, Steve Cohen, who bailed out Melvin and previously accused of insider trading is now GLOATING after this blatant trick https://twitter.com/StevenACohen2/status/1354864321134735360?s=09 +Imagine the collective of multiple international institutional and individual investors, European Union, South Korea, Japan, China(?), UK, Vatican, Australia, Austria, Antarctica, etc + +&#x200B; + +What an international mess it would be to have virtually (potentially literally) every country with access to the internet and reddit with individual investors trying to apply pressure on the UNITED STATES OF AMERICA, a call of JUSTICE, and FAIRNESS. + +&#x200B; + +I remember reading something about French government asking SEC to look into something, but the SEC was all like "thanks for calling us, it is an internal issue, we will keep you posted, stay posted to our emails" or something along those lines. Of course, we have seen Brazil been involved too, so Im sure even penguins got something here to say. + +&#x200B; + +TL;DR + +**buy \[through IEX\] and hodl** +Let's keep the "I don't care, I'm getting some cheap coins" talk to a minimum. + +The price of bitcoin has tumbled significantly this month. There's been no bad news, only good. With companies like Braintree considering adoption, DISH releasing their bitcoin packages, and transaction volume on the up, I'm absolutely shocked as to why it continues to fall. + +Can we have a serious discussion without taking shots at each other about what really is driving the price down, and what is needed to kickstart an upward trend. +You have wallets or currency on exchanges. You wrote out some strings of words and have your passwords saved somewhere safe, two factor set up everywhere possible. Life is good. You're sure that if you lost you phone or if someone broke into your house and stole your computers, no one else could access your accounts and wallets. + +But could *you*? + + +Make some time to test your own security. Imagine or recreate a situation where you can't access your usual devices. Will you be able to get your authenticators running again? How will you get your wallets up again? + +"Your keys, your crypto" is comforting, and knowing how to use the scribbled notes in your safe is far better than just vaguely knowing you could. In a test you might discover that something is missing, or you can't read your own handwriting. + +You never think it'll happen to you, but better to be safe than sorry. + + +Edit1: i think this is the first time automod let a post of mine through! Congrats moon farmers, I'm upvoting every reply here. + +Edit2: to everyone saying thanks for the advice, you're welcome. I hope this thread can actually save at least one person from preventable loss. +For people saying they've lost access before and wish they had done this sooner, that fucking sucks and I'm sorry to hear. Thanks for admitting it here, maybe it will inspire some people to test and beef up their setups. + +Edit3: Never had a reddit award before. How exciting! Thank you. :) +I have put an offer in on a property and am quite worried that someone else will come along with a higher offer as I go through the various hoops. They have not offered a lockout agreement but said they will take the property off the market if I take their packaged conveyance services (along with mortgage broking etc). I am worried they will cut corners and it will not be beneficial for me in the long run, at the same time worried that if I do not go with their option I could lose the property. Has anyone else been in this situation or have any advice to give? +Demex (Decentralized Mercantile Exchange) on Switcheo TradeHub will be the first L2 cross-chain DEX with 150x derivatives! March 1st is a new beginning! + +Here's a little background to help you understand the design and disruptive potential of Demex Exchange on Switcheo TradeHub (SWTH): + +Switcheo TradeHub is a custom, cross-chain, Layer-2 blockchain solution. It was built with the Cosmos SDK utilizing a Tendermint core. Demex Exchange [https://app.dem.exchange/](https://app.dem.exchange/) is a fully decentralized trading platform that supports any cryptocurrency derivative product that interfaces with the Switcheo TradeHub blockchain, one of a future many dapps that will run on Switcheo TradeHub. For example, Zilswap will soon be joining the Switcheo TradeHub ecosystem. SWTH is the token at the core of both Switcheo TradeHub and Demex Exchange. + +The Switcheo TradeHub project is a little different than others because the Switcheo Labs team created both Switcheo TradeHub and Demex. They have also been hired by Zilliqa to build the upcoming Zilswap. What does this mean? For one, there is only 1 token (SWTH) for staking and rewards across an entire decentralized, cross-chain ecosystem that is already live - Switcheo TradeHub. This design results in greater utility and increased rewards for stakers. Staking SWTH results in rewards being paid for not only all blockchain transactions across the ecosystem, this includes non-Demex apps, but also Demex trading fees. + +The majority of blockchain projects have 1 token per component (blockchain or dapp), and dapps running on blockchains have separate, individual tokens distinct from the blockchain token. Take the older, soon to be sunset Switcheo Exchange. It was a dapp running on NEO, so there were 2 separate tokens - SWTH and NEO. This is not the case with Demex on Switcheo TradeHub. SWTH is core for both, so there is increased utility and staking rewards potential. + +The end result is that we now have a decentralized, custom, cross-chain Layer-2 blockchain solution specifically designed for trading with the SWTH token as a core component of the entire Switcheo TradeHub ecosystem - both Demex and non-Demex apps, so Switcheo TradeHub transactions involving non-Demex dapps as well as Demex trading transactions will all be utilizing SWTH to pay for blockchain transactions. The practical result of this is a doubling of the utility for SWTH. Additionally, 90% of all blockchain transaction fees as well as Demex Exchange trading fees are paid out to stakers of SWTH (remaining 10% allocated to a software development fund for ecosystem development and expansion). The end result is a truly decentralized DEX. SWTH stakers are the owners and will be rewarded with their share of all generated fees based upon their amount of SWTH staked. Rewards for Demex trading fees will be paid in the form of the traded pairs, but the amount of rewards will be determined by the amount of SWTH staked. This is HUGE! Currently stakers are earning 55%+ apr: [https://switcheo.org/?net=main](https://switcheo.org/?net=main) + +Here are some simple numbers: At current apr, 100,000 SWTH (\~$3,700 today) will earn approximately 150 SWTH/day, so you can do some simple math based upon price of SWTH for daily, passive income. SWTH is currently .037 as of this writing. + +Most crypto projects started off with token ICO's, but in far too many cases, the tokens were utilized more for funding than for the actual project itself. This resulted in projects - those that actually produced something - being faced with the issue of their token's utility, and teams found themselves scrambling to develop a usecase and value proposition in order to support token value. If not done successfully, a project, in hindsight, can appear to be just another software project with a token slapped on it for "crypto" hype and fundraising with little to no real use case or value for the project's token. + +Switcheo TradeHub has been designed from the start with the SWTH token as a key, core component. This is extremely important when evaluating projects for investment, and is a major reason why Switcheo TradeHub will have a successful, truly decentralized exchange. Stakers are the owners/voters who receive the project's generated revenue and direct the project via governance voting. Do yourself a favor and do some due diligence. + +For addtional information, as well as instructions on how to create a new Switcheo TradeHub wallet to begin trading via Demex Exchange, please visit: [https://docs.dem.exchange/](https://docs.dem.exchange/) + +Also, there are 2 very lively and helpful Switcheo Telegram groups you can join for more information and assistance. Please be aware that no Admin in either of these groups will ever dm you. If somebody having an admin name or official sounding name like "customer support," et. al. ever dm's you, he is a scammer and should be reported. + +Switcheo \[Official\] Telegram Group: [https://t.me/switcheo](https://t.me/switcheo) + +Switcheo Lounge Telegram Group: [https://t.me/switcheofun](https://t.me/switcheofun) + +March 1 will be a noteworthy date in the development history of Defi. Demex on Swithcheo TradeHub will be the first L2 cross-chain DEX with 150x derivatives! The Switcheo Labs team has been working round the clock on delivering something real, and now is the time for it to be unveiled! +Hey all, + +This post starts with the most recent update we got this last Friday followed by some more general info about the project 🙌🏻 + +Our long awaited **staking** is finally shipping on Sunday 27th and the first part of this post goes over some of the details. For those who aren't aware we now give out development **updates every Friday**, with our first one being this week! + +If you're new around here or would like to learn more about SatoshiSwap, our DeFi token, please visit [SatoshiSwap.net](https://satoshiswap.net/)! + +&#x200B; + +We will have multiple staking pools over the next few weeks of different varieties. For the upcoming staking pool, it will have the following parameters: + +\- duration 7 days +\- lock-up period 7 days +\- **staking deposit premium 2.5%** +\- all of the collected premium will be burned + +The reason for the short duration is to get a feel for how much funds the community will be staking, which will then enable us to better adjust the staking parameters (reward, lock-up, participation premium). The purpose of staking at this point is to reward people for holding their Swap and these parameters need to be adjusted accordingly to meet that goal. Subsequent staking pools will be deployments of the same code with just parameters adjusted. + +**The staking deposit premium is an important parameter** we have introduced. It is designed to prevent whales who own an enormous amount of Swap from being able to suck up the majority of the rewards. An artificial example to explain: imagine there is $50,000 of SWAP being distributed in the staking and compare a holder who has $100 worth of Swap compared to a holder who has $1,000,000 worth of swap. The deposit premium for the first is $2.5 and for the second is $25,000. Unless the whale holds at least approximately 50% of all the stakes, they will lose out and not make more than the $25,000 they paid in premium. In short, the premium makes staking less attractive to big stakers and more fair for smaller stakers. Because it's percentage based, it can't be gamed by stakers splitting up their stacks into smaller amounts as the premium will linearly add up to the same amount as staking the whole lot in a single batch. + +This is a **custom staking contract** with a custom UI and has required more testing than the average cloned staking contract. + +**Over the next week we will be onboarding 2 new people into the team and we will be scheduling promotion of SatoshiSwap on new websites and other avenues, which will be announced soon.** + +**Some general information about SatoshiSwap:** +The original and official [r/SatoshiStreetBets](https://www.reddit.com/r/SatoshiStreetBets/), founded by David Gilbert, launched SatoshiSwap; A Decentralized margin trading protocol. **Token: SWAP.** + +A DEX with the option to open a leveraged trade. Let that sink in for a bit... Smart contracts coding finished and audited ✅ Looking to launch in April 2022. + +But there is much more 👀 + +&#x200B; + +SatoshiSwap utility token: **SWAP** + +The SWAP token is **deflationary**: +\-70 Billion swap tokens already burned. Send to dead address. +\-DEX takes 0,15% trading fee; a portion of that is used to burn swap. +\-SatoshiSwap by design burns tokens in proportion to how much activity occurs on the margin DEX. With Leverage trades occurring, this means burns will occur in proportion to the amount of leverage e.g. x10. Leveraged burns 🔥 + +\-A new utility has been released: **SatoshiStreetBets Charting Platform**! Fees are used to burn SWAP. + +The supply of SWAP tokens will keep going ⬇️ + +Current circulation supply: 305 billion. The rest is either already burned or locked for at least 6 months🔒 + +**NO TAX** on this coin. So can be listed at tier 1 exchanges (hint hint). + +This will be a multi billion dollar market cap in the near future and is **designed to reward holders**🕺 How? Read a bit more on the website or come over for a chat! + +Website: [https://satoshiswap.net/](https://satoshiswap.net/) +Telegram: [https://t.me/SatoshiSwapOfficial](https://t.me/SatoshiSwapOfficial) +Twitter: [https://twitter.com/SatoshiStBets](https://twitter.com/SatoshiStBets) +Discord: [https://discord.com/invite/SatoshiStreetBets](https://discord.com/invite/SatoshiStreetBets) + WHAT WE ARE: ON A MISSION TO BONK! + +No false promises here just a genuine grass-roots movement to BONK. + +DogeBonk is the most memeable project in the crypto space . + +Not convinced? Google "Doge Bonk" and look at the images 😊 + +We've got the best community, the best memes, the best energy. + +You have never seen this bullish energy in the crypto space before. It's one hell of a drug. See for yourself on Telegram/Reddit: + +[https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +[https://reddit.com/r/dogeBONK](https://reddit.com/r/dogeBONK) + +COME FOR THE GAINS; STAY FOR THE MEMES + +**bonkSWAP launched making it super easy to purchase -** [**www.bonkswap.com**](https://www.bonkswap.com) + +We're on a mission to bonk all other meme tokens - and you can join us for this ride! 🤘 + +We went from $2k market cap to $6m market cap within 3 days + + 🚀 ROCKET IS ABOUT TO TAKE OFF - DON'T MISS OUT! 🚀 + +This is going to go parabolic just because of the sheer force behind it 🔥 + +**Is DogeBonk safe?** + +Liquidity was locked forever by burning all LP tokens 🔥 + +Ownership of the contract was renounced. + +See proof on our website: [https://dogebonk.com](https://dogebonk.com/) + +Contract is a 1:1 copy of SafeMoon which was audited by Certik. + +Top holder owns only 1.9% of the supply. + +**Tokenomics** + +10% tax on all transactions: + +5% are distributed to fellow DOBO holders, + +5% are added to liquidity to create an ever rising price floor. + +\-> token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) + +There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +**Info** + +Website: [https://dogebonk.com](https://dogebonk.com/) 🌐 + +Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 + +Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + +How to buy: [https://dogebonk.com/#howtobuy](https://dogebonk.com/#howtobuy) 📖 +Demex (Decentralized Mercantile Exchange) on Switcheo TradeHub will be the first L2 cross-chain DEX with 150x derivatives! March 1st is a new beginning! + +Here's a little background to help you understand the design and disruptive potential of Demex Exchange on Switcheo TradeHub (SWTH): + +Switcheo TradeHub is a custom, cross-chain, Layer-2 blockchain solution. It was built with the Cosmos SDK utilizing a Tendermint core. Demex Exchange [https://app.dem.exchange/](https://app.dem.exchange/) is a fully decentralized trading platform that supports any cryptocurrency derivative product that interfaces with the Switcheo TradeHub blockchain, one of a future many dapps that will run on Switcheo TradeHub. For example, Zilswap will soon be joining the Switcheo TradeHub ecosystem. SWTH is the token at the core of both Switcheo TradeHub and Demex Exchange. + +The Switcheo TradeHub project is a little different than others because the Switcheo Labs team created both Switcheo TradeHub and Demex. They have also been hired by Zilliqa to build the upcoming Zilswap. What does this mean? For one, there is only 1 token (SWTH) for staking and rewards across an entire decentralized, cross-chain ecosystem that is already live - Switcheo TradeHub. This design results in greater utility and increased rewards for stakers. Staking SWTH results in rewards being paid for not only all blockchain transactions across the ecosystem, this includes non-Demex apps, but also Demex trading fees. + +The majority of blockchain projects have 1 token per component (blockchain or dapp), and dapps running on blockchains have separate, individual tokens distinct from the blockchain token. Take the older, soon to be sunset Switcheo Exchange. It was a dapp running on NEO, so there were 2 separate tokens - SWTH and NEO. This is not the case with Demex on Switcheo TradeHub. SWTH is core for both, so there is increased utility and staking rewards potential. + +The end result is that we now have a decentralized, custom, cross-chain Layer-2 blockchain solution specifically designed for trading with the SWTH token as a core component of the entire Switcheo TradeHub ecosystem - both Demex and non-Demex apps, so Switcheo TradeHub transactions involving non-Demex dapps as well as Demex trading transactions will all be utilizing SWTH to pay for blockchain transactions. The practical result of this is a doubling of the utility for SWTH. Additionally, 90% of all blockchain transaction fees as well as Demex Exchange trading fees are paid out to stakers of SWTH (remaining 10% allocated to a software development fund for ecosystem development and expansion). The end result is a truly decentralized DEX. SWTH stakers are the owners and will be rewarded with their share of all generated fees based upon their amount of SWTH staked. Rewards for Demex trading fees will be paid in the form of the traded pairs, but the amount of rewards will be determined by the amount of SWTH staked. This is HUGE! Currently stakers are earning 55%+ apr: [https://switcheo.org/?net=main](https://switcheo.org/?net=main) + +Here are some simple numbers: At current apr, 100,000 SWTH (\~$3,700 today) will earn approximately 150 SWTH/day, so you can do some simple math based upon price of SWTH for daily, passive income. SWTH is currently .037 as of this writing. + +Most crypto projects started off with token ICO's, but in far too many cases, the tokens were utilized more for funding than for the actual project itself. This resulted in projects - those that actually produced something - being faced with the issue of their token's utility, and teams found themselves scrambling to develop a usecase and value proposition in order to support token value. If not done successfully, a project, in hindsight, can appear to be just another software project with a token slapped on it for "crypto" hype and fundraising with little to no real use case or value for the project's token. + +Switcheo TradeHub has been designed from the start with the SWTH token as a key, core component. This is extremely important when evaluating projects for investment, and is a major reason why Switcheo TradeHub will have a successful, truly decentralized exchange. Stakers are the owners/voters who receive the project's generated revenue and direct the project via governance voting. Do yourself a favor and do some due diligence. + +For addtional information, as well as instructions on how to create a new Switcheo TradeHub wallet to begin trading via Demex Exchange, please visit: [https://docs.dem.exchange/](https://docs.dem.exchange/) + +Also, there are 2 very lively and helpful Switcheo Telegram groups you can join for more information and assistance. Please be aware that no Admin in either of these groups will ever dm you. If somebody having an admin name or official sounding name like "customer support," et. al. ever dm's you, he is a scammer and should be reported. + +Switcheo \[Official\] Telegram Group: [https://t.me/switcheo](https://t.me/switcheo) + +Switcheo Lounge Telegram Group: [https://t.me/switcheofun](https://t.me/switcheofun) + +March 1 will be a noteworthy date in the development history of Defi. Demex on Swithcheo TradeHub will be the first L2 cross-chain DEX with 150x derivatives! The Switcheo Labs team has been working round the clock on delivering something real, and now is the time for it to be unveiled! +Snapshot: +VPunks ($VPU) developed on VeChainThor +NFT ecosystem w/ gaming and tokenization +121 Million total token supply / Market cap: $54m +Starting price: $.03 / Current price: $0.44 +LP TVL: $5 Million / $7.2 Million Staked +NFTs minted in 8 days / $1400 Floor price + +Short Brief: +VPunks is an NFT ecosystem developed on the VeChainThor blockchain. We're an homage to the original crypto punks but with utility—integrating P2E gaming and tokenization for long-term growth and user retention. + +VPunks is a cross between NFTs and Defi, with gamification as the underlying business model (i.e., Axie Infinity, but in a retro 8-bit gaming format). + +$VPU is the underlying token that supports the VPunks ecosystem. The token's utility stems from a games and challenges reward system, alongside staking and liquidity pool yield farming. + +Current Milestones: +07/25: VPunks launch + +08/02: All 10,000 VPunks minted in 8 days + +08/07: VPunks' tokenomics released with $VPU coin + +08/08: Liquidity for VPU/VET pair added on Vexchange + +08/20: Liquidity for VPU/VET pair added on Vexchange (the first decentralized exchange for the VeChainThor blockchain) + +08/22: 30% APY Staking becomes available with a 1 million $VPU max yield reward for a 90 day staking period + +09/11: VPunks crosses 100 Million $VET transacted = 11.5 Million $USD + +09/11: 1 Million $VET record-breaking sale for VPunk #7804 + +Upcoming Roadmap: +09/26: First Challenge +10/30: Offer Features +11/26: New NFT Collection For VPU Stakers +12/26: First Game +Q1-22: New Challenges +Q1-22: New Games +Q1-22 Partnerships (Bonsaivar) +Q2-22: Partnerships (Game Of Warlords) + +VPunks Helpful Links: +Tokenomics: https://vpunks.com/#/tokenomics/index +Token and Contract: https://vpunks.com/#/token-and-contract/index +Roadmap: https://vpunks.com/#/roadmap/index + +VPunks Official Social Channels: +Twitter: https://twitter.com/vpunksofficial +Telegram: https://t.me/vpunks +Discord: https://discord.gg/sDmwCZhv +Youtube: https://youtube.com/channel/UCw75fndRV3Dz_gnHy3JcO0w +In the last 7 days Wagerr (WGR) price is up 231% and has burned more than 1 Million $WGR!!! Here is the why and how: + +**What is so good about Wagerr (WGR)?** + +* The World's First on-chain Private, Betting App +* It has the best odds in the landscape compared to competitors +* One of the most established dev teams and working products in the crypto space +* So far already a staggaring >28.000.000$ paid out +* A unique reinforcing $WGR burning mechanism in place (burning an amazing 1M $WGR p/w) +* Cross-chain availability on both CEX and DEX (on UNI + BSC) +* Low MCAP coin with huge opportunity looking at competitors (>$3,5B) +* Strong community with strong and solid hodlers aiming for a true moonshot (1$-10$ EOY) + +**Unique to Wagerr - Reinforcing value loop in place boosting $WGR value** + +* Increased adoption and increased volume leads to; +* Increased volume of lost bets in favor of 'the house' leads to; +* Increased burn of lost bets are burned leading to; +* Increased value of $WGR and visibility leading to; +* Increased adoption (..) - repeat from 1 step onwards. + +**Why is Wagerr different than other traditional or "crypto" sports books?** + +* You hold your own funds (no more BEGGING to withdrawal your own money!) +* Best Odds (no profit motive for WGR as it is decentralized and there is not company behind it, so they can offer the best odds) +* NO KYC (you don't even have to provide a name or even an email) +* No geo-restriction (bet from anywhere in the world) +* No limits on betting (Dana White that means you can bet $1 millions on Ben Askren) +* Winning bettors won't get limited +* Completely transparent, you can see every bet, every line movement, EVERYTHING on the block explorer at [https://explorer.wagerr.com/#/betevents](https://explorer.wagerr.com/#/betevents) + +**Wagerr is gaining traction on Twitter, 4chan and Reddit and has the potential to go parabolic potential based on its unique burning mechanism: increased betting volume = increased burn.** + +**Launched recently Wagerr Sportbook:** [https://www.wagerr.com/sportsbook](https://www.wagerr.com/sportsbook) + +**Listed on Uniswap - ERC20:** [https://info.uniswap.org/pair/0x1964cf3d1d95965eeceaee11debed99223524f48](https://info.uniswap.org/pair/0x1964cf3d1d95965eeceaee11debed99223524f48) + +**Listed on Pancake Swap - BSSC**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdbf8265b1d5244a13424f13977723acf5395eab2](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdbf8265b1d5244a13424f13977723acf5395eab2) + +**Listed on Beaxy - US Regulated Exchange:** [https://beaxy.com/buy-sell/wgr-btc/](https://beaxy.com/buy-sell/wgr-btc/) + +**Visual insights on Wagerr low marketcap vs key competitor log-scale (>$3,5B) x193 potential:** [https://pbs.twimg.com/media/Ew\_4hQ4WQAIqUU\_?format=jpg](https://pbs.twimg.com/media/Ew_4hQ4WQAIqUU_?format=jpg) + +**Visual insights on Wagerr unique burning mechanism and increased betting volume:** [https://pbs.twimg.com/media/Ew\_4hOIWUAYtC8S?format=jpg](https://pbs.twimg.com/media/Ew_4hOIWUAYtC8S?format=jpg) + +**Wagerr details:** + +**Website:** [https://wagerr.com/](https://wagerr.com/) + +**Twitter:** [https://twitter.com/wagerrx](https://twitter.com/wagerrx) + +**Please remember this is not financial advice, I am not a financial advisor, I'm a degenerate gambler :)** +😎Fully Doxxed Team + +💪🏻Hyper-Deflationary token + +🕺Reflection with every buy/sell + +🐳Anti-whale system + +🔥Weekly burns + +🥉3 upcoming Projects + +&#x200B; + +WHY TRUBADGER?  🤔🦡 + +✅ Ecosystem in the making + +✅ Longterm investment + +✅ Sustainable growth + +✅ Short-term delivery of projects + +✅ Airdrop of native tokens of Ecosystem’s projects for TRUBGR holders + +✅ Early VIP access to 3rd party launches on CBS + +✅ Manual buybacks of TRUBGR tokens on the open market space to increase the value of TRUBGR immediately. Buybacks are done with a generated revenue of the ecosystem. + += sustainable value creation over time. + +✅ Top-notch support and admin team answering questions and helping you get set up. Here you are not merely a small fish in the deep blue sea. + +✅ Community token means the community is asked to vote in major decisions as proven before. + +✅ WEEKLY AMAs and Weekly Burns. + +&#x200B; + +Contract Address: + +0xc003F5193CABE3a6cbB56948dFeaAE2276a6AA5E + +&#x200B; + +TRUBADGER DISCORD ADDRESS:🛰️ +[https://discord.com/invite/ajssE9hPmW](https://discord.com/invite/ajssE9hPmW) + +&#x200B; + +SOCIAL MEDIA ACCOUNTS: 💡 + +INSTAGRAM:🌹 +[https://instagram.com/trubadgertoken?utm\_medium=copy\_link](https://instagram.com/trubadgertoken?utm_medium=copy_link) + +FACEBOOK: 🌏 +[https://www.facebook.com/TruBadgerToken/](https://www.facebook.com/TruBadgerToken/) + +TWITTER: 🐦 +[https://twitter.com/TheTruBadger?s=09](https://twitter.com/TheTruBadger?s=09) + +YOUTUBE 🚀: +[https://youtube.com/c/TruBadgerToken](https://youtube.com/c/TruBadgerToken) + +&#x200B; + +**TRACK TRUBADGER ON: 📈** + +&#x200B; + +**Coin Market Cap:🗣️** +[https://coinmarketcap.com/en/currencies/trubadger/](https://coinmarketcap.com/en/currencies/trubadger/) + +**Coingecko 💡** +[https://www.coingecko.com/en/coins/trubadger](https://www.coingecko.com/en/coins/trubadger) + +&#x200B; + +**Website :** +[TRUBADGER.IO](https://TRUBADGER.IO) + +&#x200B; + +Symbol:  TRUBGR + +TRUBGR Price: $0.000000022254 + +BNB Price: $313.27 + +TRUBGR/BNB: 14,076,687,958 + +Supply: 792,985,969,591,230 + +Marketcap: $17,647,645 + +24Hr Volume: $34,263.00 + +Liquidity: $2,962,630.17 + +One LP: $0.0053236 + +&#x200B; + +In a healthy market, charts go up and go down. It’s the difference between the highs and lows that differentiates us from the other tokens. + +&#x200B; + +Buy, hold, sit back, participate in TruBadger Army, buy the dips and let’s grow together 🚀 +And I've been busy tagging many new ones, most of them with new accounts. We are under attack from many fronts. Just Hodl on strong till Monday. + +Edit: "For the fist time" a meant to add--->reaching a **majority** in some threads, overwhelming regular r/bitcoin commenters. + +Edit 2: Same astroturfing going on in r/BitcoinMarkets/ +Hi everyone, I would like to discuss with you what will happen to fundamental projects in a bear market, survive to the next bull market or never grow to their ATH again. + +I'm interested in hearing your opinion on what will happen to fundamental tokens during and after a bear market. + +Personally, my opinion is that fundamental projects will be able to survive the correction, and will show new ATH, as for example it was with Ethereum. Especially in my opinion, those tokens that received additional investments from the largest venture capital funds, such as NEAR (recently received an additional $150M from the largest venture capital funds), and MATIC (Recently received $400M from Sequoia) will recover well and show excellent growth after the bear market. +**In case you haven't heard of it, what is Coss?** +[Coss.io](https://coss.io/) is an exchange that is currently in beta. Right now they are focusing on getting their improved engine online, once they are done with that they have some very ambitous goals. +They also have their own Coin similar to KuCoin Shares or BNB. 50% of the transaction fees are given back to the holders of the Coss Token, pretty much the same way KuCoin does only with a higher percentage. + +**What are their plans for the future?** +Basically they want to be a single stop for all your needs, this includes: + +* Obviously they want to be an exchange. +* Fiat depositing/withdrawing +* Take part in ICOs directly on their site and get a bonus for doing so +* Marketplace for merchants, so you actually can spend your cryptos for something at one point + +I probably missed something, you can find more on their Website or the subreddit r/cossio. + +**Where are they standing currently?** +Right now the website is fairly laggy and deposits/withdrawals take fairly long to resolve. They will introduce a improved UI at the end of the week. +They plan to introduce their new engine and API at the end of Q1 2018. +After they manage to setup the exchange properly they will focus on other tasks. + +**Why should you get in now?** +Right now most exchanges can't handle the amount of new users. A lot people are looking for alternatives because they can't sign up at Binance/Bittrex/etc. +If we look at KuCoin Shares we can see that these kind of Coins work very well once enough people use the site. +So to me it seems like a good chance to deal with the laggy site and get some Coss while it's still cheap. Once they solve their issues and add some features users will start using their site and Coss will increase in value. Right now KCS sits at more than 15x the value, just for example. + +Of course it's possible that they won't solve their problems and we see no gains. So be careful and don't invest more than you can afford to lose, it's a risky investment that could be worth it. +Personally I am willing to take the gamble, if their new engine works fine and the exchange works without major flaws they will get users, even if they don't add their other features any time soon. +I inherited $20k and it came when I am at a crossroads. The house I’m renting right now, the landlord wants to sell it and he’s offering me a well below market value price. + +Last fall/winter my credit score went from 741 to 700 when I put the taxes I owe on the card since it had a lower finance rate than the payment plan from the IRS, and a masters degree semester from school. So currently I have a little less than 20k that I owe on a card. + +Should I use the inheritance to pay off the card to increase my credit score so I can get a (possibly) better mortgage rate or should I use the $20k as the down payment for this house and apply for a mortgage with a 700 credit score? + +It’s not an option to wait to buy this house- my landlord will put it on the market if I say no and then I’d be priced out of being able to afford it since houses are going well above asking price and often site unseen (in person) here. I’d also have to move and likely pay way more in rent than I’m paying now so buying is the only option, I’m just asking what to put the 20k towards. +This is the sub currently: + +https://preview.redd.it/gqbjthd3s6f91.png?width=792&format=png&auto=webp&s=af9b644d1093b562209794807b4e20e0f31e17b1 + +https://preview.redd.it/e3l130z6s6f91.png?width=787&format=png&auto=webp&s=06070b8a1be99d65bef213b7753e5992ac07ebbf + +https://preview.redd.it/kzno04u8s6f91.png?width=792&format=png&auto=webp&s=2cce7cad58bcf16617adc46b5088b47face4ab4a + +It's not just these three, the entire first page of the sub is this. So, despite my inability to [bring visibility to the explanation](https://www.reddit.com/r/Superstonk/comments/vw2o6y/lets_talk_about_first_share_distribution/) ahead of the dividend, I am going to try once more. (Yes, I realize the irony of adding another post of this type, but I really hope this can reduce the confusion going forward) + +&#x200B; + +1. GameStop [announced](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split) that they would distribute the share dividend to registered shareholders of record (for example, DRS'd apes). Is it a stock split? Yes. Is it a dividend? Yes. +2. GameStop DID distribute the share dividend to registered shareholders of record. +3. The DTC's nominee, Cede & Co, is a registered shareholder of many/most shares and received the share dividend. +4. The DTC (and depositories like it in other countries) does not **give** shares to its participants, brokers, and entitlement holders. The DTC **owes** shares to its participants. In turn, these participants **owe** shares to their [entitlement holders](https://www.reddit.com/r/Superstonk/comments/u66z7c/tacrtfl_what_is_the_secret_ingredient/). +5. Since the DTC has not **given** shares to participants and entitlement holders, but owed them, then the DTC will not give/distribute the dividend shares, it will **owe** them. (Speaking more precisely, there are no specific shares owed, since shares are fungible. It will owe an amount of shares relative to the amount of shares previously owed.) +6. If you hold "shares" at a broker, **you only have a security entitlement**, not a security. All that happened during the dividend was that your security entitlement was multiplied by 4. **Brokers continue to owe you, as they always have, albeit 4x as many shares. They will continue to owe you until either you DRS, you sell, or they default.** +7. Because of #6, any amount of hand wringing over whether brokers treated this as a "regular split" or not is a fool's errand. The share dividend, as far as GameStop is concerned, was over on July 22nd. Brokers to retail investors were not involved in any receipt of actual securities. Everything brokers *have* been doing is just DTC participants trying to either resolve share IOUs between participants (e.g. in the case of a due bill), or maintain open a share IOUs to retail (e.g. in the case of a security entitlement), or balance/account for the IOUs they owe to retail with the IOUs they hold against their depository (I guess relevant when your country actually enforces that you maintain proper financial asset levels). + +Reading over this, I realize it's a bit ape-ish and not the most eloquent summary, but anyway I hope this helps to clarify things. + +DRS is the way 🦍💕🦍 + + +Edit: The purpose of this post is to instill some skepticism and chill around the rampant speculation that brokers or depositories have misprocessed the dividend. I still believe everything in this post to be accurate. However, I have received a message containing a plausible claim that on the part of NSCC, materially different practices may be in place for these different corporate actions. Without having researched it in too much depth yet, and confident that the best course of action in either case is to DRS and zen, I'll leave it at that and also leave the contents above to stand. +Since there was one hot post yesterday and a bunch of people copying them today, how about we just put all these fake stories in here and avoid spamming the sub with this circle-jerk moon-farming nonsense... :D +https://www.cnbc.com/2019/09/26/mcdonalds-joins-vegan-push-with-beyond-meat-plt.html + + +McDonald’s will test a new “plant, lettuce and tomato” sandwich using Beyond Meat’s patties in 28 restaurants next week. + +The fast-food giant is following major rivals in betting on the growing popularity of plant-based alternative meat. + +McDonald’s already sells plant-based burgers in Germany and Israel in partnership with Nestle. +Note: Flaired "Possible DD" because there is no "TA" + +Final edit, for anyone coming across this later- idk wtf is going on. I wrote this before even realizing AMC had a halt at the exact same time of the spike I talk about here, and I've been trying to dive in more to make sense of it, because this is just *too* crazy of a coincidence to be a coincidence. If anyone with more wrinkles wants to help make sense of this "coincidence," I would welcome the help, because I'm about tapped out + + +Edit: Why are you bashing me for NOT mentioning AMC? What is going on here? I gotta go to bed, I'll catch up in the morning + +Edit again, at the top so you don't miss it: Can't edit my title, but I want to make it clear that "big money" was not mean to imply that this is all actions performed by whales fighting each other. While I think it is possible that there could be some whale involvement, I think it's more likely that with the increased attention meme stocks have been getting this week, experienced investors (whether they be retail or otherwise) are watching very closely and are making plays the "smart money" way + + +---original post--- + + +I've seen a lot of speculation behind what caused the large spike up to 294 this afternoon, and I wanted to clear some things up with all of you, and provide some more jack for your tiddies + +For the past week, GME's daily price action has \*actually\* fallen into "regular" technical patterns. I've been sharing my tracking in the GME discord, and I hope to help all of you understand how big today was. + +But first, I'll need to go back a little bit + +&#x200B; + +[I'm sure you all know what this is](https://preview.redd.it/gca6sfg0iy271.png?width=2656&format=png&auto=webp&s=721e799f16a29820507fdd9793000bee60115b3b) + +Since January's "sneeze," GME share price has been bouncing off this purple resistance line, unable to break past it. + +Note: credit goes to FeatherMountain on Discord (idk your reddit name, sorry) for helping me dial in the right placement for this resistance line + +All of the action this past week has been building up to the attack on this resistance line- Last Thursday at close/Friday at open, we bounced off of it, and were met with massive shorts all day Friday in retaliation. + +GME then fell into a distinct upward channel yesterday and today- you can see the bounce off the purple line, the day of shorts (Friday) and the upward channel below - screenshot taken at about 11:20 AM + +&#x200B; + +[The blue line in the middle of the channel was the lower boundary almost all day Tuesday. I am personally convinced that the dips below that blue line today were short attacks](https://preview.redd.it/xotvxx0djy271.png?width=1885&format=png&auto=webp&s=8bca36170a5c9c4d010ac0916829c0387b92ec22) + +As you can see, after bouncing off the "ultimate resistance line," a strong upward channel was formed that was on a collision course to hit the resistance again. + +What happened when the channel met the resistance? + +&#x200B; + +[BAM](https://preview.redd.it/xhozcvreky271.png?width=1874&format=png&auto=webp&s=a41f768b6127925f6cb8949d8123158c2f4faba8) + +There you have it. Not only did it break through, but it broke through \*with a purpose.\* Check out that volume spike. Oh, also, check out all that sell volume in response (I'm watching you, Kenny) + +But check out how the rest of the day went + +&#x200B; + +https://preview.redd.it/rg9p3xyyky271.png?width=2682&format=png&auto=webp&s=5239269936cd1607fe491fd971facf808ac7f7e9 + +GME consolidated into a wedge with the purple resistance line now acting as it's support, broke out of that into another little baby wedge, broke out again, and closed $20 ABOVE where the toughest resistance had been. + +**BUT WHAT DOES IT MEAN?** + +OK, time for some speculation/opinion. + +The volume seen at that huge push right as the upward channel touched the resistance line tells me that there is a lot of money somewhere watching this, waiting until the opportune moment to pull their trigger. Running the price up quickly last week didn't work, so this time they waited patiently, letting the price rise gradually, until the conditions just right. + +Edit: I did not mean to imply that this is all actions performed by whales fighting each other. While I think it is possible that there could be some whale involvement, I think it's more likely that with the increased attention meme stocks have been getting this week, experienced investors (whether they be retail or otherwise) are watching very closely and are making plays the "smart money" way + +The huge sell volume was (do I even need to say it?) shorts that were not happy. + +The fact that GME was able to break through, maintain, and close above the strongest resistance line to date, riding on the back of big money \*somewhere,\* has me jacked to the fucking tits- although I would not be surprised if we saw a brief consolidation period after a big move like that. + +&#x200B; + +TL;DR - Spike was a classic large volume breakout past a historical resistance level. GME maintained and closed well above historical resistance. Tits R Jakd, Hedgies R Fuk + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌕🌕🌕🌕🌕🌕🌕🌕🌕🌕🌕🌕🌕🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Can I please get thoughts on this hypothetical. I know everyone aims for positive cash flow, but let's assume after Cap Ex and all other operating expenses, a property is Cash Neutral. + +Would it still be a better investment than investing the same amount of money into a solo 401K retirement account with no Matching funds? + +Assumptions: + +\-House appreciates 3% a year, 401K returns are 9% a year. + +\-Mortgage for 75% of home price, down payment for 25%. + +Here's my brainstorming of reasons why one investmnet may be better than the other. + +Reasons House is better investment: + +1. Through leverage, you multiply 3% appreciation by four to get a 12% gain, which beats the 9% return on the 401K; +2. You are also getting a mortgage paydown by the tenant. So basically, in addition to the 12% gains through appreciation/leverage, you are getting an extra amount every year equivalent to the total principal mortgage payments that year. (Do benefits 1 and 2 overlap here? I don't want to count them twice.) + +Reason 401K is better investment: + +1. Defer taxes for the amount you place in 401K. (You can defer up to $61K in 2022 for a solo 401K, which can be a huge saving on tax.) +2. No closing costs. + +Thank you. +My first instinct is to get a file cabinet and print out every invoice and receipt I receive. How many people with just one rental use a physical ledger? I've got some experience with Quickbooks from working in an office space, should I just buy a dumbed down at home version? + +For reference, I've inherited a duplex. We (my wife and I) are renting out one unit and living in the other. Every usual monthly expense (yard, home.ins., pest ctrl.) on the place is subsequently also a "business" expense. I've got an accordion folder so far to contain everything I've received, but it occurs to me this is probably less than ideal. Is there a great hack I should be aware of that all the cool kids are using? +Looking for a rental property in greater los angeles and the only thing that can see some positive cashflow are townhomes with HOA ~$250. Is it too risky to buy something with an HOA? Can they just wake up one day and say no more rentals? +I’ve located a really cool opportunity. There’s a pocket of about two blocks that’s kind of set off the beaten path and completely isolated from surrounding neighorhods but is a three minute walk to a very popular part of town. Houses this close should be in the mid threes, but renovated homes in this pocket are going for the low twos because about 70% of the unrenovated homes are slums. They’re all owned by the same owner who’s had them for over 30 years and probably hasn’t spent a dime on them in that time. +If someone were to buy that portfolio from him and rehab the entire street, they’d see an incredible return. I’d like to be that someone. + + +I’ve been trying to find the owner, but the best I have is a P.O. box address which handles the tax correspondence. Would just sending a letter be a good start? What kind of wording should I use to initiate this conversation? Also, I’d appreciate any guidance you can provide on any aspect of this deal. +I am looking to take equity out of my house for a down payment on a commercial property. The appraisal on my house came back 20k less than what I was hoping and therefore I wouldn’t be able to get to the 70/30 LTV needed for the commercial loan. I am dissatisfied with the appraisal number mainly because one of the comps used was from 2020! I thought it was extremely odd they would use a comp from 2020 especially when there are at least 10 properties within a mile and with similar square footage that have sold in the past 6 months. These properties have all sold well above the 2020 comp and I believe these represent a better reflection of the current value (also justify adding the 20k needed to the appraisal). + +***For clarity the bank paid for the appraisal*** + +Is it normal to have appraisals use a comp 2+ years prior? + +When contesting - can I provide proof of the more recent sales from a RE website (Zillow, Homesnap)? + +The appraiser also did not ask to come into my home. Reading through the appraisal it does not appear they pulled any permit detail - I had new electric installed for the entire property last year. Should I provide receipts/ permits to the appraiser - will this add value? + +Do I have a realistic chance of getting the appraisal amended? +I am reformulating my portfolio and I need opinions. + +Palantir only has 304 customers, meaning the average customer spends about $5.7 million annually with Palantir, with the top 20 commercial customers spending an average of $46 million. Despite its expensive price, the customer base is rapidly rising, it grew 80% year over year in Q2 +Title: ***The Tides are Shifting, and a Tsunami Approaches.*** + +Professor and Chair Gensler.  + + +Upon reading your request to contact you with vital information, I've decided that not enough is being done by the institutions put in place to protect the average Joe, and therefore I've decided to draft this email. + +I understand the world doesn't change in a day, but I have seen little being done in reference to PFOF, Naked Shorting (Yes, it exists. I'm sure someone as educated as yourself surely knows this, and as chair, I'm sure it's evident now more than ever.) + +If you are likely to mention Robinhood and their PFOF fine. I apologize for my next wording, but that is complete horse-shit. +They were fined pennies on the dollar for what was profited via PFOF in their Q1 alone. +This needs to CHANGE. The fine must be VASTLY LARGER than the profits made. +Otherwise what's the point? It simply becomes the cost of doing business unless this changes. + +Now, I do apologize for my wording above, but these issues have been going on for decades and it's clear that a simple fine won't deter this behavior.  + +There was something I read a little while back that truly puts this into perspective.  + +If a man was to steal $100 from a grocery store, he would go to jail for roughly 5-10 years, and yet WallSt steals BILLIONS from the average Joe on a regular basis, and they are fined pennies on the dollar? This has to be some kind of joke? + +The gamification of this market, nay the global economy, needs to end. + +An Example of this was the SEC Hearing with Mr. Keith Gill, Robinhood's Vlad, Citadel's Griffin: +Mr. Gill, was forced to testify in court for simply saying "I like the stock", meanwhile, Vlad, Griffin, and other Institutional heads blast MSM practically begging people to buy shares of securities they're already invested in, and nobody bats an eye... + +\*Is this the world we are leaving behind for our children and grandchildren? Shame...\*Korea has banned Naked Shorting, Japan has banned Naked Shorting, Canada is currently in the works to ban Naked Shorting, and yet America has been playing this "yeah we will" game for decades.  + +America is meant to be the leader of the free world and yet Korea and Japan have further pushed their economy to benefit the people rather than institutions, meanwhile the USA lags far behind.  + +Evidence of this deception lies here: + +\[After the 2008 crash, there was an effort to curtail naked short selling but lobbyists soon quashed that. From Lucy Komisar’s (An Esteemed Investigative Journalist) article: + +”the DTCC had gone to the SEC with a proposed solution to naked short selling … with the DTCC creating “a centralized database \[that\] would prevent the same shares from being used for multiple short sales.” + +”(they) continued to try to fight naked short selling in the Dodd-Frank debate. But the SEC was dodging the issue, and Dodd’s Senate Banking Committee largely ignored it. + +”After the flash crash in May 2010, “… the SEC said it would create a consolidated audit trail (CAT) on trading in stocks and options. … **More than a decade later, CAT doesn’t exist**.” + +So this attempt at stopping naked short selling couldn’t overcome lobbyists and the DTCC itself.\] +`Credits to u/SpinCharm from Reddit's r/Superstonk` + +Naked Short selling needs to end. The Market will continue to be rigged in favor of institutions abusing the average retail investor. + +**The market is meant to help grow your wealth and invest in securities you believe in, not steal from the poor and give to the rich.** + +Society has long since halted development since the days of the engine. +This predatory practice of naked shortselling companies into the ground for a profit is ridiculous.. Many of which were developing technologies that would've progressed the medical and technological field by decades... + +If the average investor can look at a security's chart and tell something is off just VIA the volume trading 4X over the total float in a single day, over multiple days, then what is the SEC looking at?  + +DTCC-005 Rule has been played around with for months, and recently removed last month for "editing".. an entire month to say "No naked short selling" and still not reuploaded.  + +I'm not sure if you've missed anything here, but I would very much request that you contact either **Dave Lauer, Wes Christian or Lucy Komisar** for comment on this matter. + +They are the leading experts on this topic and I think they would play a fantastic role in the deterrence of naked short selling. + +***For further information, please view the PDF I have linked.*** +***This is the accumulated research, peer reviewed for accuracy by Esteemed Professionals.***  +[https://pdfhost.io/v/lRQ4HqpG0\_House\_of\_Cards\_Atobitt.pdf](https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf) +(There is no download, this goes directly to a secure PDFHOST website where you will be able to view it safely.) +`Credits to u/Atobitt from Reddit's r/Superstonk` + +**Is this the world we want to leave behind for our children? Truly?** + +Now I do apologize for heavily directing this information at you, as I'm sure you're stumped with many matters at hand, but I truly believe this trumps all issues in the market right now. + +I would very much like to thank you for your efforts in removing William Dunkhe, a CLEAR problem for the SEC, and I would also like to thank you for directing a new board.  + +***I have hope that you will do the right thing and change this system.*** +***Naked Shortselling is Financial Terrorism and needs to be cut out, as you would, a tumor.***  + +&#x200B; + +Looking forward to your next public statements. + +&#x200B; + +We are now approaching your 9th week. +Good luck, + +(Not sure what to flair this, so I'll go with Fluff.) + + +**TLDR: Naked Shorting is vastly talked about, several countries are in the works of cutting it out, and the USA keeps kicking the can.** +Yeah… so the New York senate has passed a bill which places a ban on Crypto mining within the state… and that means quite a number of Bitcoin and ETH miners would have to stop work I guess. + +In response to this decision, Co-founder of Coin metrics, Nick Carter tweeted that such decision is nothing but a sheer abuse of government power… and in his opinion, it is not okay for governments to decide on what the appropriate usage of electricity is. + +Vitalik Buterin also just gave a piece of his mind about the ban… stating that its wrong when the government has to be the one to decide which use of electricity is good or bad. For him, putting a carbon pricing policy in place would help solve the environmental issues they claim to want to fight. + +Considering both sides of the divide on this issue, I'm guessing the state authorities feel their reasons are genuine, knowing that mining has so much impact on the environment due to carbon emissions… part of the reason why Ethereum itself is switching to PoS validation mechanism like Zetrix, BNBchain and some others. + +But also looking from the perspective of the miners, I'm guess they see what they do as legal work which has tremendous benefits for PoW networks. + +At the end of the day, NY state has taken its stand… but does your guts make you feel its abuse of Power and maybe just an attack on cryptocurrencies? +Well whatever the sentiments, it's great seeing some greens 😁. +Erc 20 token; Coinscan and Eth classic has made incredible surges towards the upside +$Scan growth in 2wks has surged over 230% +$Ethclassic growth in same span has surged over 120% + +[View Poll](https://www.reddit.com/poll/wayvs8) +I know it's coming, it's tough but it's going to be a rocket week. As soon as the HF have to pay their shorts we are up! I've invested over $20,000 CDN at around $40, so when $200 hits again I'm going on a charity spree getting everything on /r/bestonamazon. I've been down almost my whole life so it's nice to have a win finally, and be able to share it with others in need. +I would then look at using the money saved to pay off a lump sum when my fix term ends in Nov 2024 ( I think then I don't need to pay an over payment charge) +Is anyone else doing this? Is it as easy as it seams? + +Had no issues opening the account and linking my funding account. + +Do I just need to put in $10k and let it go for the year? And assume that I can put in $10k each year after? + +If an emergency arrises I can pull the purchase it seems? Just take a 3 month penalty if held less than 5 years? + +Is there anything I missing before I fund? + +&#x200B; + +Thank you! +Say u bought some digital version of a game, say on PC (steam,etc.) or ps4/5, xbox, wii, etc. and u want to sell the game to someone else when your done or bored of it, like how in the old days with physical games, there was GameStop stores as the middle man (the physical marketplace)… now … with the GameStop NFT Marketplace, if a game developer/studio onboards, they can enable the digital resale of games, and each time a used game trades hand, GME gets 2.5% commissions, like how a credit card company does as processing fees, and the original game development company can get a 10% cut for each and every time a “used digital game” exchanges hands, THEREFORE the used game market is modernized and is brought back to life in the digital world.. now the same thing applies with used digital anything, from movies (like my collection of iTunes movies I’ve paid for) and my selectively paid for digital collection of music albums on various platforms… this is what they’re ultimate plan is, hence they only charge 2.5% commissions because GME plans to be a large volume processor and won’t want to compete with or been seen as a threat to the existing digital distribution ecosystem. Instead they would want to partner with them and enable these companies to make more money from the huge volumes of digital assets people already paid for and eager to make a resale! Knowing that I can resell my iTunes movies will allow me to binge purchase movies! + +And…. + +Imagine if GTA game started allowing you to actually buy and sell weapons and clothes and etc. for real money on an exchange with other players using a low fee NFT exchange that everyone already knows and trusts! The entire game industry is going cash money! The global games market is NOW over $180 BILLION, which is more than movie and music industry combined! + +TLDR; + +GME will push forward with … + +1) NFT as we know it yesterday… speculative digital art? + +2) NFT exchange to facilitate tradable progress/achievements within games (think GTA guns & gear) between players. + +3) NFT as a resale marketplace for used digital games/movies/music by becoming a large volume processor like Visa. + +This is like investing in Apple when it was about to go bankrupt and Microsoft had to bail them out!! + +To the moon, and build a base! +BUY, HODL, DRS! + +🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: Just saying… + +Do you mean like this one? [$500 Million Grant](https://techcrunch.com/2022/06/17/immutable-launches-500m-fund-to-boost-web3-gaming-adoption/amp/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAlFf_T8L2-zYzCh1ZC4Z_DMMt94FOdY8xXf3mO_xtPClgz7SLXzNOphnpDtOctNpp3NJwy6zj-KoQEYO7_YxVEgWD_zSul-8sYYHtHLBjt--PKIzMI7hYTPZ4-YIMhJdtzOG3MLFfbJ-CuADq64ZE6DCCF7kMtVfS-wqNmW2FZE) + +Did you read this? Involves AAA studios. +[$100 Million Grant](https://www.imxgrant.nft.gamestop.com) +First let me just say, HOLY SHIT. What a fucking rollercoaster ride. We opened near $105 and closed at $120.40. We are progressing so much quicker than I had anticipated and soon will reach our goal BUT that is contingent upon people believing in this company and its vision for the future. + +To all the 🌈🐻 out there still shilling. We understand you've lost so much money with those puts and all I can say is LOL. + +But seriously, get off your high horse and look at the bigger picture here. There's no point anymore in trying, the data is clear, GME is continue to rise and no matter how many puts you place, how many shares you short, you can't win. + +For the rest of my 💎 ✋ this is make or break for the rest of the ordinary people out here. We either go down in history as fucking legends who shook Wall Street with the sounds of our newly paid off Lambo exhausts or we go straight to the welfare line. + +No matter what happens, I'm glad to be in the fight with you all. + +136 @ 75 +Hi All. Looking for advice on what to do. Apologies if the post doesn't flow well, I'm pretty irritated. + +I had AT&T for 4+ years. Never missed a payment. In April 2022, I switched to Verizon. I paid my final bill for AT&T after switching in May. I was charged again in June, and also July, August, and just a few days ago in September. I contacted AT&T and my credit card to dispute those charges. AT&T later sent me a gift card for the amount of my normal bill saying I over paid, although my credit card was still being charged. I got a letter this week saying that a AT&T is sending a collections agency over the amount that they sent to me on the gift card (even though I keep getting charged), since the gift card they sent was in error. + +To stop charges, I removed autopay, removed my credit card from my account, and contacted my credit card company to stop any future payments in July, however I still got charged in August and September. + +What are my options? I feel like AT&T is going to keep charging me until I die. +I'm in my mid 20s and live in a LCOL area of the US. I am a software developer. + +Today I hit 250k NW between cash and investment accounts. + +http://i.imgur.com/YJ1mkVa.png + +(the random jump was an error in personal capital double reporting my 401k) + +I can't/won't tell anyone about this in my personal life about this besides my wife, and most everyone on this sub loves a good brag post, so here's mine. + +I like to pick random numbers as milestones and as soon as I hit $1 over that milestone, I do my absolute best to not drop below that magic number. 1/4 million is one of my magic numbers. It helps keep my lifestyle inflation in check because its an excellent reminder of getting one step closer to removing the golden handcuffs and achieving true financial freedom. Also as I approach within ~5k of that milestone, I really buckle down on keeping my spending in check and re-evaluating my investments so that I can cross that mini "checkpoint" as fast as possible. + +I found out about FI from this subreddit soon before I graduated college. I was about to finance a new car purchase and by some stroke of luck I stumbled upon this subreddit browsing /r/personalfinance reading other people's money troubles. + +When I was growing up, I never really thought about the concept of FI or saving money in general. My parents weren't big savers, I was never taught the time value of money or the power of compound interest in school. The idea of having my money make more money for myself was more empowering than showing off to my friends in a fancy new ride. I ditched the car idea. + +One of the most important things I've learned over the past few years is how powerful lifestyle inflation is and how the people you surround yourself with can and will very quickly cause your spending go out of check. + +Here is my average monthly spending in 2015: + +http://i.imgur.com/VB9n0FK.png + +Here's my average spending in 2017: + +http://i.imgur.com/tNy7zpp.png + +I live very comfortably (by my standards, my peers think I'm frugal) and I'm fortunate enough to not have to think about money that much. All my bills are on auto pay and I have auto investments set up to transfer from my savings account to my brokerage every month. I max out all my retirement accounts. Most of my FI plan is on autopilot. + +Making more money involves a large investment of time, motivation, and lots of the time pure luck. The one thing we all have control over on a daily basis is making spending decisions. Don't buy the fancy starbucks coffee! Drink water at the restaurant! Remember that spending is the denominator in the FI equation. Lowering spending has a higher impact on the FI timeline versus increasing income. + +At 3k per month spending (lavish for me), my FI number is 1.2MM. My current dream goal is 1MM on my 30th birthday. + +I want to thank the awesome and encouraging people on this sub. I'm mostly a lurker but I love hearing other's success stories. Its not bragging in my opinion, its motivation for the rest of us! +My wife (28) and I (32) are getting to the point where we'd like to begin looking for home, but aren't sure if it's the right move for us. Here are a few things of note to be considered + +- Salary: $92,000 (combined salary. We also have a small business on the side where brought in about 30k last year before taxes and we expect it to be similar this year). We just got raises that put us at this salary + +- Debt: We currently have zero debt + +- We own two cars, both paid off. One car will probably need to be replaced within a year or two. + +- We have about $15,000 in savings and about $17,000 in our 401k + +- We will not be having children + +- We just recent paid off my student loans + +The last piece of information is probably one of the most interesting. + +We are currently living in a church for next to nothing + +My wife’s father is a pastor of a medium sized church which has an apartment inside of it. We moved in about 4 years ago and have been paying $400 a month in rent ever since. We do not have to pay internet, gas, electric, trash, etc. The only thing we are asked to pay is $400 a month for rent. It’s a really great set up and helped us get out of debt and begin our savings. + +I’m fine to live here as long as possible, but now that we are out of debt, my wife and I are getting a little antsy to have our own place. Is that silly? Should we stay here as long as possible? Because we won’t be having kids, we just need a 2 bedroom home, but we want it to be nice. Based on our financial situation, when should we expect to realistically move out? I don’t want to live here forever. + +We’d like to have a house in the 150k range + +Any recommendations? + +UPDATE: Just to clarify a couple things.. + +This time last year we were making 67k. When we first got married 6 years ago, the first 3 years of marriage, we both made 30k (60k total). My wife and I both got our raises within the last month which bumped us up to 92k. + +We paid off our newest car a year ago ($373/month) + +We paid off my student loans this past spring ($800/month) + +I had some medical bills that I finished paying off over the summer + +We are considered caretakers of the church. We both do a lot of work for the church. The pastor lives about 20 minutes away, so he likes having us there to make sure things are also locked up, lights are off, if alarms go off to check them, etc. When we first moved in, the rent was higher, but we added on some additional responsibilities around the church, which dropped our rent to $400/month + +UPDATE #2: Thanks to everyone for all of the great responses and suggestions. I have read every single response and I appreciate you taking the time to help me. + +Hearing everyone tell me that we are in a pretty good situation makes me feel better - I knew that I suppose, but actually hearing strangers (who don't really care about you enough to lie) say it makes it more real. + +I think what we plan to do is to stay here for as long as we can stand it. I spoke to my wife's father and he told us to stay as long as we want and save as much as we can, which made me feel better. I felt like he would want us to move on soon, but with that not being the case, I feel better about staying longer. So the plan is to stay as long as we can and save as much as we can. I'm hearing people saying that we should be able to save $3,000 a month or so - perhaps we aren't saving as much as we'd like, but that seems tough to us. We currently are putting about $700 a month into our 401k, $600 a month into savings (before my wife's $500 a month raise), I know not everyone agrees with paying tithes, but we pay 10% of our income back to the church, so that takes a chunk each month and the rest we live on. We are planning on saving that additional $500 which would put us at $1,100 a month in savings. We need to do a better job of not eating out as much, which really is a lot of money - we just need to get into a better habit of eating at home. + +I think we could get to saving $1,500 a month with ease, which would put us at $54k in 3 years, not including any side business money we could end up adding to it. + +Thanks to everyone for the suggestions! I feel much better about our future! +Hey great financial minds of Reddit! I’m looking for any advice you have, cause I am really worried over here! + +My daughter is 5 and all set to start Kindergarten in August. I’m a single mom in NM, I work 32 hrs/wk as a therapist at a small rural clinic that’s part of a large community healthcare non-profit in my state. I have only been working here for two months and am salaried, if it matters. + +I just learned that my daughter’s Kindergarten is going “Hybrid Virtual” for at least the ‘20 fall semester. This means that half the kids will attend in person from like 8:30am-11:30 and then be picked up, taken home, and attend via zoom from 12:30-3:30, and the other half will do the opposite. + +My employer doesn’t let me do tele-sessions from home, and I honestly doubt I could ethically do sessions with my daughter present, I mean, she’ll be 5-years-old on a 3-hour teleconference kindergarten class. I feel like I will need to be at least somewhat involved in that. I am not eligible for any kind of short term disability or FMLA from my employer yet, won’t be till next April. + +So, what am I supposed to do? I know if you are already on unemployment, and you don’t have childcare, you can stay on it. But from my research it looks like you can’t quit your job because the state has deputized you as a kindergarten teacher and then claim unemployment, though I wasn’t really able to find any clear answers on that. Is anyone is a similar situation? What are you doing? I’ve been lucky enough to have my kid in a daycare that hasn’t really been affected too much by the pandemic and I honestly wasn’t prepared for the idea that the schools wouldn’t open back up fully. I am freaking out. I may love being a mental health provider in a high need area, but I don’t do it because I am independently wealthy. I absolutely need to keep money coming in and keep our health insurance active. + +Thanks for any advice! +We had these types of corrections in previous bull runs too, I won’t talk about 2017 even if you go back to May 2021 or March 2020 look how much we dropped you will see this correction is nothing like we have not seen before. In March 2020 and May 2021 we had almost 50% correction, was it a bear market? + + +I know history might not repeat itself but If you are in for long term, you shouldn’t panic over every single drop, crypto market is pretty volatile and that’s what you signed up for when you joined it. If you are holding good projects you will survive. +You see it in the wiki. You probably hear about it from Dave Ramsey and YNAB and other trusted financial gurus. Your financial advisor has also probably hammered it into your head as well. + +You need emergency savings. + +In December, my wife and I had a baby. A week later, she developed jaundice and needed phototherapy. In February, my car broke down and needed to go into the shop (main seals + gaskets). In March, my wife's 16-year-old cat was diagnosed with breast cancer. + +Let me translate that into financial numbers: + +* $6000 babby (we saved up for most of the expenses) +* $200 lights +* $1800 oil change +* $500 telomeres + +I managed to stay afloat for the past 3 months, but the trickling in medical bills and the breast cancer is what brought me over the limit. We had finally exceeded what we were cutting out, we had to stop overpaying our student loans, and our credit card had a $2000 balance on it (I pay off the balance every month). + +It was time to zero the balance sheets. Fortunately, I had $5k in emergency savings, plus an additional $10k in a joint account (mostly bonds and equities). I transferred $2k from emergency savings to checking, paid off the credit card, and put my family back on track. + +My wife's car is about to go into the shop as well, but now that we're in the clear, it should take us about 2 months to replenish the savings. I can't imagine what kind of shit creek we'd be up if we didn't have this safety net. + +Moral of the story: You never know what will happen, and whether it will be a 12-gauge slug or a series of rounds fired in rapid succession from the AR-15 rifle of life. Get yourself some damn kevlar. + +Edit: I'm glad to see all the conversation going on. Please keep in mind that I'm not a financial advisor, fiduciary, or a CPA. Any comments I provide below are based on my own personal experience. + +Edit 2: I didn't think the cat thing would pop up so much. The money was for diagnosis (labs, vet visit, etc.), not for treatment. The cat was terminal by the time they found it, and she died last week. Other than the initial visit, it was decided that she'd just die on her own, since she wasn't in pain. +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. +Do you use fib levels to help you trade? If so, how do you use it? I almost never touch the fib tools. But while I was practicing trading in a simulator, I decided to pull out the fib retracement tool and start at the last pivot high on the multi-day 1hr chart and end at the last pivot low. I can very clearly see that the price got rejected at the 50% retracement and started headed back down again. I thought that was an interesting observation. The date for this chart is May 18, 2022. + +&#x200B; + +https://preview.redd.it/s9ke5l5zv48a1.png?width=988&format=png&auto=webp&s=5e7165921903010627c664d52c8a9af474725362 + +Edit: On a side note, several people have commented that they can't see where the candles are on the image above. So I'm now adding an additional image to show what I typically look at. Which is 4 time frames that is more zoomed in, so I can better see the price action. Time frames are 3 mins, 10 mins, 30 mins , 1hr. + +&#x200B; + +https://preview.redd.it/7pgqs62bk98a1.png?width=1959&format=png&auto=webp&s=f82075f5e06dca6017ded9f3de80d70bd0bcc063 +Good Afternoon Everyone, + +At this stage i've purchased at least $7000 worth of ETH. This would be by depositing $2000.00 each time in AUD then converting it to ETH. + +My goal is to get at least $30,000 worth of ETH all at once before it reaches the moon, this is something that i can afford and am willing to take the calculated risk upon. + +So my question to you reddit, What is the best way to get such a large amount of ETH in the shortest amount of time? + +Note: Live in Australia. + + +There's so much information out there that it's hard to get a good firm grasp on the general health of the market. How does one go about keeping a finger on the pulse of the market? Global news, company news, tech analysis? What's the best way to pursue a better basic understanding of where the market stands on any given day? +I make 130k/year, I bought a 410k house a few weeks ago with 20% down conventional loan @ 3.15 interest. + +My 30 year payment is 1400ish (not including taxes, insurance, etc) but I was planning on paying half my take home income (4kish) to get it done in 6-7 years. + +But I am wondering if this is dumb, because interest rates are low should I be paying the minimum and instead putting the rest in something like a Vanguard IRA? +Hey there, lately I've been having thoughts about my long term goals. One of my long term goals has been to achieve my financial Independence so I put myself on a path of saving money every year and putting that into some investment platforms such as betterment in order to hopefully achieve a 6% yearly return. For reference I'm 27. I've been doing the math on that path and it'll take about 30 years to hit my financial Independence goal. + + I'm having a hard time justifying that savings goal of in going to be 57 before I can achieve it. I've considered lowering my yearly goal so I can get out more and life my young life more, make new experiences and that would certainly require more money. Have any you felt the same way? +From their press release today that made it jump 25% at close: + +3:39p ET 7/6/2021 - Globe Newswire Shining a Light on a New Hope for a Rare Form of Non-Hodgkins Lymphoma: Conversation with Dr. Ellen Kim on HyBryte(TM) from Soligenix Mentioned: SNGX via NewMediaWire -- PCG Digital -- A rare form of non-Hodgkin's lymphoma, cutaneous T-cell lymphoma (CTCL) has no current FDA-approved first-line therapies. There are roughly 3,000 new CTCL cases in the United States each year, with more than 20,000 patients living with CTCL. + +Small cap biotech Soligenix (Nasdaq: SNGX) is developing and moving toward potential commercialization of HyBryte(TM) (SGX301 or synthetic hypericin) as a novel first in class photodynamic therapy utilizing safe visible light for the treatment of early stage CTCL. + +Recently Dr. Ellen Kim, Medical Director of the Dermatology Clinic for the Perelman Center for Advanced Medicine, Professor of Dermatology at the Hospital of the University of Pennsylvania, and the Lead Principal Investigator for Soligenix's positive Phase 3 FLASH (Fluorescent Light Activated Synthetic Hypericin) study in CTCL, recently presented key details of HyBryte's(TM) efficacy and safety profile at the United States Cutaneous Lymphoma Consortium (USCLC) Annual Meeting. + +We caught up with Dr. Kim shortly after the meeting to discuss the HyBryte(TM) data and the current treatment landscape for CTCL. + +Question: + +How does HyBryte(TM) stack up to other treatments that you've been using in your practice? If it gains FDA approval, how will that affect your approach to treating Cutaneous T-Cell Lymphoma (CTCL)? + +Answer: + +HyBryte(TM) is as effective, and has better short term, and possibly long term, safety profile than current skin directed therapies. It is also effective for CTCL plaques which are traditionally more refractory to many skin directed treatments. Given this, it will be used both as first line therapy for my early stage patients and for patients who can't continue other therapies due to side effects or loss of response. + +Question: + +HyBryte(TM) uses visible light as opposed to ultraviolet (UV) light. Penn Medicine, as well as most centers treating this disease, is currently using UV treatments for CTCL. Is HyBryte(TM), in your opinion, a safer option? + +Answer: + +HyBryte(TM) has a definite advantage over phototherapy long term - its mechanism of action is distinct from ultraviolet phototherapy and is non-mutagenic so the risk of developing actinic skin damage and skin cancers is lower. Short term side effects were also less common and milder than what we see in traditional phototherapy. + +Question: + +Dr. Kim, on the Penn Medicine website, it lists Photopheresis and T-Cell Lymphoma Phototherapy as two different treatments. Can you describe the difference between the two? Is one more effective than the other? Where would you classify HyBryte(TM)? + +Answer: + +Phototherapy is a skin-directed treatment utilizing either ultraviolet A or B light and is used primarily in early stage CTCL. + + +Expecting this to reach $2 by the end of the week! + +I grew up moving from house to apartment to house (I am almost 30 and have moved 20 times that I can remember/track) constantly. We lived in rough neighborhoods and alright neighborhoods, bad cities and ok cities. There were years where Salvation Army supplied Christmas and years where Christmas was extravagant. My mom talks about the strUggles to feed three kids, but I never really saw it or felt like we were ‘impoverished’. I had a good childhood, all things considered. + +That being said, my parents are both awful with money. No saving habits, horrible spending habits, etc. I didn’t learn anything (good) about money from them, and so I started my adult life a bit rocky and naive. + +No one in my immediate family went to college, so it wasn’t something on my radar until my high school BF (who was valedictorian) was shocked that I hadn’t started looking into schools when he had already started applying. He kind of helped me out, learning about different types of colleges and FAFSA. + +I was lucky to get merit-based scholarships and grants that effectively paid for my tuition and housing at a private university 400 miles away from where I graduated. I took the opportunity to bounce out of my tiny high-school town that no one ever leaves. + +I started my adult life with debt, unknowingly. My dad worked at WF, and opened a credit card in my name. I didn’t know about it until I was 20, the summer I was going to get an apartment with some college friends. My credit score came up at 520 when they ran it, which confused me. I’d never had a credit card, why is my score so low? +They provided a copy of the report, and I saw that I’d had a card for over two years that had a large X each month for not being paid. Yikes. +I looked into it, found out it was opened right after my 18th birthday in the state my dad lives in during the time he worked for WF (he was fired soon after), and asked my dad to pay it off. He told me that I knew about the card (what?!) and that it was my debt and my problem. I tried to contest it, but I needed to file a police report against my dad for stealing my identity. I wasn’t comfortable with that, so I just saved up and paid off the collection and vowed to bring my score up. (I ultimately ended up getting this money back through a settlement with Wells Fargo years later). + +So I was 20, with a horrible credit score, and pretty much nothing to my name. Here’s how things played out for me: + +- I was living on campus and attending classes, but that was all covered by my grants and scholarships. I decided to get a job on campus anyway, because I wanted extra spending money. Working on campus meant no commute and the ability to pick up extra hours easily because I lived on campus or really close throughout college. + +- I financed a car with my boyfriend at the time, who co-signed for me because I didn’t get approved on my own. My payment was $156 a month. + +- I got an apartment with two roommates when I was 20, and my rent was $500. I was able to pay the rent and my other minimal bills (car, phone, insurance) every month, but I lived paycheck to paycheck. There was one month I couldn’t make rent. I called my mom and asked for help, and she told me “sorry, I can’t help”. I picked up extra hours and paid rent late and paid a late fee. I hate hate hated that and decided I needed to have a savings account as a cushion. + +- When I was 21, I got a second job at a restaurant. I worked 6-12 on campus, had classes til 4, and then worked 5-close at the restaurant. I started to save a good amount of money. + +- When I was 22, I got another job tutoring on campus. It was an extra 10 hours a week when I could fit it in. + +- When I graduated college, I was working three jobs. I was only allowed to keep my two on-campus jobs if I was still a student, so I applied for my first year of my master’s program. I also applied for a scholarship that paid for half of the masters tuition, and got it. I took out my first student loan for the other half. + +- My credit had been steadily improving since I was paying my car loan every month. I had nothing else on my credit. I had saved about 13k by this point, which I was super proud of. It was great to have money when SHTF. Like when my car’s steering belt broke and it crashed on the side of the freeway. Total loss. Insurance didn’t cover it. + +- A year later, I was 23. My university’s law school (about 20 minutes away) had a job opening. My current boss sent in a great recommendation for me, and I landed an interview. I got the job, full-time with benefits, paying $16.18 an hour! It was a little less than I was making at my jobs, but it was way less hours than I was working AND it had benefits. I was so excited! I was going to have a normal schedule! + +- At this point, I was living alone. I had been living with the BF I co-signed my car loan with, but he decided he never wanted to have children so I broke up with him and he moved out. I 9 months that I lived on my own in that apartment, and things got tight at times. Luckily, I had built a large emergency savings that I dipped into. My rent here was $1080 a month. + +- A perk of the job was the awesome 401k. For every $1 I put in, they put in $3, up to like 7% or something. I contributed a small amount, because I didn’t really know much about 401k at the time. Looking back, I wish I had contributed more. But bills were tight back then so idk + +- I started tracking a budget. At the time, I was just using paychecks to pay for bills, and tips from my server job to go directly into savings. Any extra from my bills money I spent on whatever. Once I got the new job, I was making a little less, so I needed to figure out a budget. I tracked my spending for a month and worked out what I needed to do from there. I have since marked every single purchase, however small, into an excel spreadsheet. + +- Soon after starting at the new job, I got a cool gig proctoring exams about once a month. It was between $75-220 each time, and all of that money wasn’t budgeted, so it went directly into savings. I continued doing this for 5 years. + + +- At 24, I moved in with my now-husband to a 2-br apartment. It was in an area that wasn’t quite as nice, but it was a great price - $1300 a month. We weighed the pros and cons of a 1br vs 2br, and the price difference was $100 a month. We had tons of guests stay over, so we decided it was worth it. (Good thing, because we lived here until after our second was born! We needed the space) + +- Soon after moving in, his car broke down. We decided to junk it and live on one car for a while. I got a bike at a pawn shop and biked 8 miles to and from work every day (his work was overnight and needed freeway access, so he couldn’t bike). He would give me rides when he happened to be off while I was going/coming from work. We did this for almost 2 years. + +- We got married at 25. Our wedding was relatively frugal, and I paid for almost all of it myself. It brought our savings down to about 5k when we started our marriage. No regrets, our wedding was a giant party with our closest friends and family and I wouldn’t have had it any other way! + +- I opened my first (besides the one my dad opened) credit card right before we got married. I put his wedding ring on it, and paid it off (interest free) in a few months. + +- We had a 5 year plan. We wanted to have kids, and we wanted to buy a home. His credit was about 515 at the time, and mine was around 700, so I added him to my credit card so we could work on his credit for when we ultimately bought a home. We also needed to start thinking about a downpayment. From then on, we added to the budget line item “savings”. We had to cut some other things out to make room for it. + +- Around 26, I got a side job doing transcription work. I would wake up at 5am and do transcription work until I left for my full-time job. I’d also do it on my lunch breaks at work. It was dull work, but it pulled in quite a bit of extra cash. I continued doing this for three years. + +- We had our first child when I was 26. Thankfully, working at a private university meant I had amazing insurance and we paid almost nothing for the birth and care. CA has actual maternity leave, so I got 65% paid leave for 11 weeks. + +- Right before our son was born, we asked my grandparents if we could buy their Honda Civic. They were not able to drive, and the car had been sitting in their garage for about a year. It was well maintained. They didn’t want to let it go, and said no. Which was fine, I was still biking. We decided that we would use public transportation once the baby was born. A few months later, they came to us and asked if we were still interested. Ummm, yes!! They agreed to sell it to us for 10k. We gave them 2k as a downpayment and made monthly payments directly to my grandpa. We had two cars again!!!! (We paid off the first car before we bought this one, so we still only had one car payment. We paid this second car off in 2 years). + +- We couldn’t afford daycare on what we were currently making and planning on saving. My husband had been working swing shift - 4pm to 2 am. My schedule was the typical 9-5. I worked out with my boss to work 7-3:30 when I got back from maternity leave. My husband and I basically never saw each other - I would go to work in the morning, he would come to my work and we would switch off the baby in the parking lot, say hi, I would go home and he would go to work. It was super super hard. This worked until my son was 7 months, and my job suddenly told me that they would no longer accommodate my schedule. They gave me a month to transition back to my old schedule. Instead, I rapidly started applying to jobs and found another job before their deadline - a job that offered me $25.50 an hour!!!! (By the time I left this job, after 4 years, I was making $18.88). This was enough to cover daycare for the baby AND allow my husband to switch to day shifts. I couldn’t believe it. + +- The new job’s increase covered daycare pretty much +exactly, so we didn’t save anything extra. + +- We started talking seriously about having a second child, as well as taking the next step to eventually buying a home - moving out of state. I told my husband that if we did have another child, we had to do it while still living in CA, because maternity leave was paid and my new job had even better insurance than my old job. + +- I got pregnant again fairly quickly, and we had our second in CA, and I was lucky enough to be able to take 11 weeks of leave again. + +- When our second was 2 months old, a family emergency in UT meant we were going to move sooner than expected. We packed up and moved quickly, and moved into my in-laws’ basement with both kids + +- When we moved, we had about 30k saved for a downpayment + +- We both found new jobs within a month of moving, each making a little more than we were in CA, which has been awesome. COL is way cheaper here, so our money goes way further than it did in CA + +- I have been paying more than my minimum on my student loans for several years. I paid off my student loan this past March. It was pretty small compared to most (5,000) but I’m glad to have it paid off + +- We have now been living in UT since September, and we’ve been aggressively saving almost all of our money. We have paid for daycare, phone bill and insurance, and have helped out a bit with rent. All other money essentially has been going to the downpayment fund, which has been sitting in a high-yield-savings account since I found out about them last March. We’ve managed to save about 72k now, and are currently under contract on a 315k house and were able to put 20% down. Our mortgage is about 15% of our gross income, and we have set it up in a way that we’d be ok if one of us lost our jobs. We close on Monday and I honestly just can’t believe it. + +Some things that I think were key during our journey were the following: +- sharing a car for two years. This saved us in gas and insurance, as well as obviously the cost of a second car. + +- Working opposite schedules after the baby was born. It was super hard and pretty awful, but we had to do what we had to do. + +- Stepping out of my comfort zone to switch jobs. I’ve always read that the best way to make more money is to switch jobs, but it’s easy to become complacent when you’re comfortable somewhere and know all the ins and outs. But I was kind of forced into it, which ended up working well for us. I wish my husband had switched jobs at the same time, because he was getting promised raises and promotions that they never gave him, but it was easy work and he was complacent there. He now looks back and wishes he had asked for more or gotten a different job. + +- Never carrying a balance on credit cards. Once I learned how to use my credit card, I was actually making money by using the credit card for every purchase, paying it off every Monday, and using the points. + +- Saving up and paying for used cars cash after financing the first one. We had to sell the first financed car after my son switched car seats, because it didn’t fit anymore. We paid for a used car cash. + +- Working extra jobs/overtime. I worked side jobs to put extra money into our savings account, and my husband picked up overtime whenever he could. Since our budget was already figured out, all extra money went directly to savings + +- Budgeting!!! I cannot stress enough how important it is to know where all your money is going and figuring out what needs to be fixed + +- Having both kids while I had good insurance. This isn’t an easy thing to “plan,” but my current insurance is nowhere near as good as my old ones. Having a baby now would cost me like 7k, and I paid $200 and $250 for my first two. We probably would not have a second yet if I hadn’t fallen pregnant while working at my old job. + +- Living with my in laws for 9 months. This was not something I wanted to do, but it was essential for us in order to save up to 20% down. We paid minimal rent, so we were able to save like 80% of our income for our downpayment fund + +- Fixing our credit. It took a long time, but we both went from 520 credit scores to now in the 780’s. Our interest rate for our home loan is 2.99%, which is super low. And that’s what I was aiming for, years ago, when we started out on this journey + +- Getting creative for trips, date nights, etc. living on less didn’t mean that we didn’t have fun. I scour Groupon for date ideas, and combine deals with groupon’s 20% off codes. We found lots of free dates to do, like hikes in observatories or at-home paint nights. We did a road trip for our anniversary, and traveled for a week for like $200. I also sell things we don’t need anymore on fb marketplace, and put that into a ‘date night’ fund, which is great since it doesn’t come out of the budget. + +- Being willing to make sacrifices. There were concerts we didn’t go to. There were bachelorette/bachelor parties we had to say no to. There were nights where we went out for dinner with friends just to hang out, and didn’t order anything to eat. There were mornings where I worked 4 hours before my job, and nights where he worked 4 hours after getting off, so we could work toward our goals. We pretty much didn’t see each other for months because opposite shifts meant no daycare. I rode a bike, pregnant, in the rain, to get to work because we only had one car. These are the things you don’t see/hear about when people post their successes. + +- Moving to a lower cost of living area. Again, not an easy thing to plan. But we would not be able to buy a home in CA. + +- I could list all the obvious things, like meal prepping and not eating out, dying my own hair, etc. but those are things I think everyone talks about and goes over. While living frugally helps, I don’t think it will dig a person out of poverty. It takes lifestyle changes and huge sacrifices to do that + +I’m honestly in a bit of disbelief. Owning a home has been such a huge goal of mine since I was like 10, because I hated moving and changing schools, and I craved stability and wanted my kids to be able to live somewhere for longer than a year. It seemed really unattainable 8 ish years ago, and I was so down. No money, no credit.. I didn’t think homeownership was in the cards. But a lot of hard work and, lets be honest, time - because this took a lot of time and planning - made it come true. + +Hopefully this was helpful and insightful to some people. +I've seen posts recently where people have shown a lot of interest in $BB the past few days, but objectively, what makes it attractive to an investor? + +Ignoring the Internet buzz, if I wanted to remain as objective/unemotional as possible on whether to buy, what \*should\* I be looking for/at (historical data, charts, market cap, news releases, etc) to make a decision? + +I'm trying to use this as a learning tool as I move forward, so appreciate any & all advice. +Hi everybody, + +How many sources of passive income do you have, what are they and how much (in percent of the passive income, in percent of total income and in percent of your networth and/or in absolute numbers) do these sources provide for you? +And are those passive income numbers satisfying to you at this stage? +Many questions, I know, pick any one of the for your answer :) +After 5 years I sold my cash flow business. After taxes next year, I expect to be just shy of $2MM in net worth. +29, DINK, VHCOL city. We spend around $150k/year so it's not even enough to retire, let alone fatfire. + +Sale closed first week of January (we were aiming to close by December for taxes, but it didn't work out), so I've had time to process. Took a 2 week vacation to celebrate with my partner, but they have a corporate job so life is sort of back to normal. Except it kind of feels like I'm unemployed (because I am lol). + +I'm not depressed, I have a therapist and a great support network via friends and family. I have plenty of hobbies and interests. But what I really want to do is get back to entrepreneurship, and I am at a complete loss for what to do next. My last (and only) business was something I just kind of stumbled onto and got lucky, I have no desire to stay in that niche. + +At first it felt like I was being healthy and processing, but after 5 months, I kind of feel like a bum. What do I do now? I'd really love to hear from folks who've been through this process already. +Early on in ones career, it seems like you should be going for high risk high return investments to maximize FatFIRE potential. I don't think that putting it all in SPY for a 7% return is an optimal risk exposure here. What areas would you look into for a higher expected return, and an investment size of $250k+? Single family real estate seems tough to scale as your portfolio size grows, and is pretty location dependent. What about things like commercial real estate? Alternative investments? Short volatility? Any recommendations here would be appreciated. +Long time lurker, first time poster. Like many others here 2020 has been phenomenal for my returns (primarily bitcoin) and now can say I'm comfortably in the fatfire bracket since realizing some gains. + +I've been listening to a podcast where they interview millionaires. I'm trying to understand the life I can now explore (I was raised low income with government assistance). One common theme among most of those interviewed is that they invest in rental properties. Why is this the case? Is it a good idea? Would it be ignorant for me to ignore this asset class? The whole idea makes me feel like it's another job tending to repairs/maintenance. + +Update: Thanks to all of the responses so far! It's great to hear such broad responses and the reasons for your beliefs. It leaves me much to think about. I look forward to still hearing what others can add. +Hi everyone. I’m 38 and able to fatFIRE if I want to. The problem is, I have no idea what I would do. I’m recently divorced (no kids). I’d like to retire although I mostly enjoy my job and the people I work with. My main concern is that I don’t know what I would retire to. Beyond traveling for a few months, what have people here done (especially single people) that makes life feel worth living? Right now I give a lot to my job: it takes six days a week and is very engrossing. I’m blessed that it’s made me wealthy (low 8 figures), but I feel bankrupt in the family-of-my-own / purpose department. + +One idea I have (hence my username) is moving to Puerto Rico to take advantage of the tax situation there, and start over. I currently live in Texas. But I’m still not sure what life would look like there, and I don’t want to make a big move without a vision. + +Very interested in the thoughts of this community and if anyone has found themselves in a similar position and how you resolved it. + +Thanks for reading. + +TL/DR: What do you do for meaning once retired, especially with no wife / kids? +Hi, + +&#x200B; + +I am wondering why (or how) Vanguard is able to offer a lower expense ratio for its total stock market index fund ETF than it does for its mutual fund equivalent. + +&#x200B; + +Here's the pricing information from Vanguard's site: + +&#x200B; + +**Vanguard Total Stock Market ETF (VTI)** + +* Market Price: $149.05 +* Premium: $0.02 +* Expense Ratio: 0.03% + +&#x200B; + +**Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)** + +* Price: $72.54 +* (No premium/discount, since the price reflects NAV) +* Expense Ratio: 0.04% + +&#x200B; + +I know that they both have rock-bottom low expense ratios, and that it is just one basis point, but I would have expected VTSAX to have a lower expense ratio due to its higher minimum investment ($3,000 for VTSAX vs. $149.05 for one share of VTI). + +&#x200B; + +I understand the difference between mutual funds and ETFs, but why does the ETF have a lower expense ratio? Does it have to do with the $0.02 premium built into VTI? Or, is it all a wash since you can buy partial shares of VTSAX and have more money working for you? + +&#x200B; + +Thanks +As a very young investor, I have been following the Student Loan debt figures and am astonished at how high they have gotten to become. I know that several investment firms made money shorting the housing market, I was wondering what type of investments provide the ability to do the same thing in regards to student loan debt. Thank you in advance for your help. +Is it something to be worried about, in your opinion? If a majority of the miners do move over to BCH, can that drastically effect BTC price and longer term values? Also, is bitcoin core regular bitcoin? Because r/btc is saying they're "heartless" and "dying" as well. I have not mentioned my opinion on here, just want to know what you guys are thinking. +Hi guys and girls, + +you've probably heard about it before, RAINI, the new eco-friendly evolving NFT market place. Well, good news! You can finally avoid the high gas-fees of the Ethereum network and join the gang, as a BSC-bridge launched yesterday! (1:1 price with eth-version, no new tokens) + +There is just so much to say about the project! First of all, it has a well functioning team with super-based devs., doxed to two auditing firms (Solidity and Assure Defi), holding their promises and reaching milestones again and again. Example: There was a small problem for a few of the first traders on the new bsc-bridge yesterday. Solution? They got airdrop to cover any extra expenses due to problem with new liquidity pool. + +Anyway, here are some other higlights: + +- What does RAINI do? 🌈🦄 +You can stake or provide liquidity to earn unicorns or rainbows, respectively. Full flexibility in staking, but a bonus for the longer you hold. Rewards can then be used to buy exclusive NFTs by established and upcoming artists. Several artist have already signed on. Check website for details and art! One example: Kaneda99 - https://www.instagram.com/kaneda99/?hl=en - a globally recognised artist who has worked with media giants like the New York Times, Washington Post, Universal, Sony & Disney. +Trading-card game will also be a large part of the NFT platform. This is in the works, not yet launched! + +- Environmental aspect 🌎 +Carbon offsetting for energy use of platform. This overcomes a huge issue for the NFT-space, for many users and artists. Raini has entered official partnership with DOVO in this respect (which is also partnered with HBAR, and other coins). RAINI is also a WWF Partner in Conservation. Nice! + +- Marketing 🔥 +Marketing will start this week! So far it has only been a small project with around 1000-2000 holders. Not for long. Expect high influx this week! 🚀 + +Lots more to say, but I'm not gonna bore you in this post. Check out their medium-articles and website instead: +https://raini.io + +https://rainicoin.medium.com + +Also: Join the community. Mods and devs are active all day. This is not a shitcoin pump & dump chatroom (spammed by gifs and shillers). A friendly, positive community that answer questions and welcome new members: +https://t.me/rainicornchat +https://discord.gg/Hfrjjd3SV6 + +There is also a price-group, for those interested: https://t.me/rainipricechat + +To sum up: This is a legit project, with meme elements, but with a real use-case. Has been on the market for a bit more than a month, and has started a positive uptrend the last week. + +Tokenomics: + +• Total supply: 1,000,000,000 + +• Initial burnt: 500,000,000 + +• Circulating: 500,000,000 + +• More to be burned regularly in the future from platform revenue + +• Ticker symbol: RAINI + +• Listed on CMC, CG and more. (chart: https://www.coingecko.com/en/coins/rainicorn) + +What RAINI is not: +A short term pump & dump coin. I'm tired of shitcoin projects on BSC with "no fees" (except 10% slippage every trade...) that crash after a few days. I'm in RAINI for longtime growth! With devs continuously delivering, I think top 500 is within reach in the near future! 💜 +Idk about you guys, I’m sure a lot of you have lost a ton of money but I’m super excited to buy eth at under $100 and make a bunch of money when it inevitability goes back up + +Edit: and make a ton of money*** +Binance coin is centralized. This is all you need to know about why the project is a failure. I could go setup an sql database and let you run solidity on it and call it crypto according to binance. + +Binance coin has 17 nodes. Imagine if ethereum or Bitcoin had just 17 miners. Would you use it? Probably not. So what does binance coin have going for it? + +It has the biggest exchange tricking users into withdrawing into it with their intentionally misleading withdraw page, and pulling stunts like buying coin market cap and then manipulating the data in it to pump their exchange. They manipulated volume metrics on coin market cap to make binance take the number one spot. Their entire LP farming section features binance coin before ethereum. It’s a joke! + +The entire point of cryptocurrency is that it’s decentralized money with no middlemen. It’s financial freedom to transact with who you want, how you want, without the government or any bank telling you you can’t. Binance coin literally stands for none of these things. They’re basically just a centralized bank shilling their shitcoin to get rich quick. + +If we allow BNB to succeed then we may as well call Bitcoin and ethereum a failure because the principles of cryptocurrency will be dead, and we replaced them with a big nasty companies centralized database instead for convenience. +EDIT: To be clear, I'm going to the ETH event at Coinbase where VB will be speaking. + +Let me know what questions you want asked. The best ones / ones with most upvotes I'll submit - assuming there is a Q&A. + +The only question I'm going to ask is, "Is Coinbase considering expanding it's business to list other blockchain assets / tokens"? + +I don't think they would answer a direct question about ETH, otherwise I'd ask that. Of course, if they say anything about ETH I'll post it. + +Also, if you will be there, PM me. + + + + +Banks understand that in order to survive in the new economy they need to provide more than just fast banking. One German Bank called Fidor is a trail-blazer and tried to adopt Ripple for instantaneous transfers in 2014 (yep that's how fast they move!) + +2-years later they decided to try Ethereum instead for their new banking approach and here is why: + +http://www.coindesk.com/fidor-ethereum-core-banking/ + +XRP will *not* be enough for banks to survive in tomorrow's world. No, they will embrace Ethereum because they can use it to issue loans, their own tokens and provide new services to their customers. All Ripple has right now is a consensus ledger and some fancy exchanges. That is not enough. And if some banks should go that route to adopt Ripple, they will still use the EVM one way or the other for new services. + +> Gruban said Ethereum's technology fit the project as Fidor wanted to explore use cases that went **beyond simple asset exchange**, such as providing customers loans. + +> "Using Ethereum it was a very easy thing to do, it was 200 lines of code in Solidity to write a model where it can really load up an account with fiat currency and send money between accounts," Gruban explained. + +> "Ethereum is out there being used by a lot of people," he said. "We’ll be coming to a point soon where we can say this has been tested more than any core banking system." + +I find it curious to say the least that some people on this board who apparently have been part of the banking industry for some time continue to ignore reality: Banks are evolving and will issue money on the public blockchain just like Santander has pledged to do because they understand that a community of developers (and avid supporters) will get stuff done. + +Developers, developers, developers ... + +That is really the breaking news that came out of Devcon that people have yet to digest. Once they have we will see more demand. + +Can't wait for BTC/ETH ETF's to be approved. + + + +I have the ability to purchase a laundromat for $100,000. It makes about $50,000 in profit a year. What could the DAO do with this kind of opportunity? + +Would I buy the property and contract the DAO to run it? Have an Ether ATM at the location. Have slockit enabling mechanisms to run the washers and dryers. Have daily bounties for someone to come in check on the place, and sweep the place up. 24 hr broadcast video surveillance. If a washer breaks an automatic bounty is created for a repair man to return it to service. The bounty goes up the longer it is out of commission. etc +There has been a spike in the number of posts from potential buyers wondering if it’s still worth it to buy in. This is great. I hope it doesn’t stop anytime soon (and I don’t think it will). + +What’s not great is the people on here telling newcomers that their post is stupid, that it’s ruining the sub, or some other passive aggressive BS. + +New money is what drives the price up. Be happy that the word is getting out and people are interested. If you feel compelled to leave a comment, encourage them to buy what they can and HODL. + +Otherwise keep it to yourself and enjoy your gains. We’re all in this together. + +Happy HODLing! +If the infrastructure bill is passed, it'll go to the House - who are significantly more pro-crypto than the Senate. *Any* crypto provisions passed won't be active until 2023 at the **earliest**. + +There's plenty of time to fight and overturn this if necessary - whether in Congress or in the courts. + +For now, **call your senators.** + +But also remember: + +1. We will not fall off a cliff tomorrow. + +2. Innovation always outpaces regulation. + +3. Crypto is inevitable. +I'm interested in everyone's expectations in the market next year as we enter into an interesting situation with inflation, supply constraints, constant pent-up demand, interest rate hikes (later), and faster tapering. + +I'll give my expectations here first + +I think that inflation will remain fairly high through 2022 but it won't be at the levels that it is now, maybe around 3-4%, which puts most bonds at negative real rates right now, forcing investors if they want a real return to go into the equity markets and/or chase high yield bonds. + +When the federal reserve starts hiking interest rates I personally don't expect that they will raise them at a very fast pace however if inflation doesn't start taming down they might. When rates rise the risk-free rate rises and its effect on equities is usually bad. As the discount rate rising the price that investors are willing to purchase a security will decrease or at least for institutional investors won't which of course make up most of the market. I think that may not be the case next year however because if investors still need to go into the equity market to chase real returns, the equities should still rise. I'm worried that equities are already in a slight bubble and that another year of these returns could show a market correction back down. If I was a betting man I would assume that within the next 1-3 years there will be a negative return in the S&P500 which has only happened once in the last 12 years. + +Investors still can't enter into the bond market without giving up a return. Sure an investor can buy futures contracts on treasuries because they expect an upward shift in the yield curve, which I expect to happen, to get a higher yield and decrease their interest rate risk. However, if you cannot accurately predict when the fed is done raising rates then that won't help you as when you are obligated to buy those treasuries you will have interest rate risk issues. Buying short-term bonds to help with duration would help that problem but those also will more than likely result in a negative real return anyways if inflation doesn't cool off and the equity should've been the move anyways. + +I would say that the Financial Services sector will benefit from the rising yields especially as corps and people demand large purchases as demand is hot. + +I would also say that Industrials and Cyclicals will outperform as demand will drive the Cyclicals and the Industrials from infrastructure and servicing the demand in Cyclicals. + +I think that elevated Materials prices will fall, hurting that sector. + +Staples could be a hedge against a downturn in the market which I expect in the coming years. + +Technology and communication services may have a bumpy road ahead with rising rates because the discount rate increasing hurts them the worst. Comm services wouldn't be as greatly affected but because of high tech companies in the space. More value may be the direction to take. + +I'm always bullish on healthcare as innovations and rising populations will always benefit that sector. I may change my focus away from Biotech and into more stable earning healthcare companies. + +Personally, I think Value over Growth or at least blend. + +And this is of course not financial advice just my personal opinions on the market next year. +What if Japan style collapse comes to America and the market goes down/sideways for the next 20-30 years? + +Let's just assume for a moment that this happens and avoid a debate about whether or not it will: what does this mean for investing strategy which, up until the crash, was to just buy and hold a diversified portfolio and assume 8-9% annual nominal returns? + +The Nikkei 225 has returned a total of -50% (yes, negative) over the past 30 years though deflation and stronger yen relative to other currencies may have blunted some of that impact. Only from 2011-2019 did the Nikkei return a respectable 7-7.5% pa. + +At what point would you pull your money from the market and put it into cash or bonds? One strategy is to ensure geographical diversification and invest in other developed and emerging markets - but many of them are tied to the US so it may not provide much of a hedge. + +EDIT: My point is not about whether this will happen or not, but to have a plan for scenarios that could be increasingly likely given the unprecedented run up in the Fed's balance sheet and long term effects of economic shutdown +**TA:DR: RC did share offering to be able to sue the bad guys for harm done to his stock. It's one of the few ways companies can attack the sort sellers legally. Oh yeah, its possible that we could have MOASS'd in April if it hadn't been for options. Also, all options help hedgies locate shares.** + +Edit for the day: I’m tapped out on this. No one brought a reasonable example that disproved the crux of this dd on options. The bad guys get access to more shares through options. No one disagrees with that, other than to say I was wrong and leave it at that. Yes apes can make more money by buying and selling shares. The data shows that options give the bad guys more access to shares. + +# Part 1 Rule 105 of the Securities and Exchange Act + +There’s a fairly obscure rule that got bantered about during the time of the first share offering. Rule 105 of the Securities Exchange Act of 1934. The rule is intended to keep people from shorting the stock during an offering, and then buying the stock at the depressed price to cover. Even if it isn’t naked short selling, the purchased shares effectively cover the shorts profitably. Here’s a link. + +[https://www.sec.gov/about/offices/ocie/risk-alert-091713-rule105-regm.pdf](https://www.sec.gov/about/offices/ocie/risk-alert-091713-rule105-regm.pdf) + +Without rule 105 (lol and for some companies with it) a HF can short the stock at $100, drive the price down, and buy at the depressed price, pocketing the difference and fleecing early adopters, and closing their earlier shorted shares. Note that the original shorts could be naked or covered, but they are both illegal. So if GameStop announces in day 1 that it is going to offer shares, and announces on day 20 that the offering is complete, then anyone who shorted shares from day 15 to day 20 cannot have purchased shares during the offering. Conversely, anyone who purchased shares during the offering cannot short shares from day 15 to day 20. Both situations would be illegal if performed. At least that’s how I read Rule 105. + +# Part 2 How to get justice (monetarily) + +So…how do you show harm, and what harm is done by violating Rule 105? Well, if it can be shown that a hedge fund or market maker or broker dealer shorted that stock during the restricted period, (5 days before announcement of offering completion and the price announcement), and purchased any of the shares then the SEC can sue the offending hedge fund and order disgorgement costs, (price at start-price sold at by issuer)\*number of shares shorted. + +The SEC likes to sue on this matter. Here’s one from September that detailed actions taken in December of ’20. Maybe GameStop’s will be published in March’22 for $669,002 + +[Helikon Investments Ltd. (sec.gov)](https://www.sec.gov/litigation/admin/2021/34-93091.pdf) + +So check this….Share offering 1: + +* Announced on 4/5: GME price $186.95 +* Announced completed on 4/26: GME price $168.93 +* Restricted period on 4/20: GME price $158.53 +* Difference in price $-10.40 + +Oops. The price has to go down to show harm. This almost went his way though. What happened to fuck up his plans? The hot topic of the day, options. And not just any options, the ones everyone is saying is ok to bet on. These were quarterly options. These were leaps. Fuck man. These were DFV’s options. He’s not going to help the hedgies is he? Yeah. He did. + +The price action between 4/20-4/26 + +* 4/20: $158.53 +* 4/21: $158.51 +* 4/22: $151.17 +* 4/23: $ 151.18 + * Feeling harmed. May release pricing on Monday. +* 4/26: $168.93 + +Fuck. How many trading days is it again from 4/16 DFV day? T+6 you say. Why that’s the settlement time for synthetic longs! My dear. Do you remember all of the options that printed on 4/16? Holy fuck we were all glued to Reddit waiting for his update. Apes around the world sympathy bought options. The 800c alone! They only moved the price $17 6 days later. It will take more options purchased than on DFV day to create MOASS or any liquidations. Think about that. DFV day options rose the price $17. And all of those shares got fucked with. All of those shares ended up having a T+6 settlement which assures that fuckery was afoot. And remember, T+6 shows synthetic longs, but there are steps along the way to get to that point. What’s another way we know this? The net short volume during the share offering. + +# Part 3 How to see options fuckery residual. + +Using Stockgrids.io dark pool tracker for GME here + +[https://www.stockgrid.io/darkpools/GME](https://www.stockgrid.io/darkpools/GME) + +Check out the Net short volume absolute value in the second graph. Notice how the number was positive from 2/20-4/1?. All that volatility, all the variance, all the swapping, and the the hedgies were still able to have positive net short volume through the March run up/forced buy in period. Until RC dropped a bomb. (I do think variance swaps are the main driver btw. I do agree with Criand on that point) + +The rub with Rule 105 is that when a share offering is announced, they do not announce when it will complete. It could complete in 2 days or 2 years. And you can’t short it the last 5 days if you buy shares. So everyone has to fly right until the share pricing is announced or risk paying a fine (cost of doing business) to the SEC. I agree that hedgies probably don’t care about fines, but this isn’t just a fine, they also have to make it right for all of their shorted shares. That’s not just a fine. That’s disgorgement. That takes all of their profits from the shorted shares, and it’s the company that was harmed. This one is not just a fine. + +So let’s look at net short volume from 4/4-4/26 + +https://preview.redd.it/jxat4qcubj081.png?width=257&format=png&auto=webp&s=37e1f44f55706811a560e502d88f9ac8543b0473 + +&#x200B; + +See how it turns positive on 4/19. That is 100% because of options, leaps, and any derivative for GME that was bought. tHeSe aRe sAfe OnEs. Some were exercised, I’m sure, but most people sold their options directly to the MM. And even then all of them got fucked with. Who is the DMM for GME? Citadel. Check out the screenshot provided by u/BigMapleTree. Covered calls sold to Citadel. + +[https://www.reddit.com/r/Superstonk/comments/qwtb1l/this\_is\_what\_it\_looks\_like\_when\_closing\_a\_covered/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/qwtb1l/this_is_what_it_looks_like_when_closing_a_covered/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +And what day did the price discovery happen? Not 4/16 did it? Nope. Didn’t happen on T+2, either. The price discovery happened 6 trading days later on 4/26, when they controlled the price enough to hurt Ryan’s plan to show harm. And the reason they had shares to fuck with in the first place is … options. If there had been no options or Max Pain the price would have most likely continued to drop as it already had and RC would be able to show harm. Nothing else happened to provide that many shares that day. It is only options. And as far as the SEC is concerned, they just see the CNS balance because this fuckery came from derivatives, tHaT tHey Don’T ReGuLAte. + +On 4/25 RC tweeted a gif of Ryan getting run over by a train. + +[Ryan getting hit by a train that everyone sees coming](https://twitter.com/ryancohen/status/1386485746916380673?s=20) + +&#x200B; + +https://preview.redd.it/zimpe88wbj081.png?width=741&format=png&auto=webp&s=212b4909972abdec7cb1a814a6dc0bc816507749 + +That is an options train everyone. Maybe an ape train. Either way, options hurt RC plans. Apes cannot effect price discovery. DFV day did not effect price discovery until it was beneficial for the hedgies. + +# Part 4 Why options help hedgies. + +I didn’t plan on putting this in here until I saw the data above. I thought this was going to be a quick dd showing everyone rule 105 and two share offerings and how RC can show massive harm on the second one. But then Options Monday happened. I got spammy. Here’s why. + +It is my theory that hedge funds have not been able to naked short GME since March. I went into this theory in my The Rules Don’t Matter DD. If you have used a delaying technique that says you can’t locate shares (Finra Reg T extensions) then you can’t naked short a sale in front of the SEC like they had been. If they filed for a Reg T extension saying they can’t locate shares on 3/9, then they can’t say “don’t worry about my naked share, I can find one in two days” on any day after 3/9. + +The main reason I believe that is because FTD’s dropped like a rock after march. These guys only stop doing something when they have to. They would have continued to naked short GME and continue to FTD if they could have. They had already shown it didn’t matter to them. They racked up over a billion ftd’s at one point. Why would they care after 3/9? Because they were forced to say that they couldn’t locate any more shares after the march buy in. If you publicly can’t locate shares, you can’t naked short, because it rests on the “bona fide” ability to find a share in 2 days. If they can't short GME naked as they have been, then due to REGSHO 204 they need to locate a share first. + +There was an amazing DD analyzing the trade pattern throughout the day during the summer by u/BuzzMonkey. [Daily Trade tape analysis](https://www.reddit.com/r/Superstonk/comments/ogirpi/daily_trade_tape_analysis_showing_how_an_increase/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/iuxb8bzybj081.png?width=741&format=png&auto=webp&s=75e38ea5a0c6748b12f0bd847f0d56805dfa28e3 + +This awesome ape breaks down the exact pattern of the days trades, and it clearly shows matched sets of almost every trade. And this isn't a one day occurrence. I bet the same analysis for today would hold. + +So Citadel needs shares to fuck with GME, it’s not just the price. So what do they do? They underwrite options. Now they can’t buy their own options anymore, but the way can sell them for premium money. + +So here the steps for options that I understand. Maybe I’m wrong. + +1. MM underwrites contract not backed by shares (these are regulated by the CFTC and I do not trust them one bit because of their lack of any transparency)(sec is the blind mouse again)(no, the do not hedge if they won’t even buy the damn share in the first place) +2. Retail buys options -MM pockets premium +3. Retail finishes contract + 1. Expire worthless + 2. Exercise contract and get shares at strike price +premium + 3. Sell contract to fellow retail and leave them holding the bag, still giving premium money to hedgies + 4. Sell contract to MM. MM Loses money on overall trade. Located 100 shares out of nowhere + 5. Partial exercise (as explained to me and telling me I was wrong. Using their process) + 1. Broker shorts xx shares (cost of exercising) (Stock shorted. Enough said) + 2. Exercises contract + 3. Pays retailer 100-xx shares + 4. Essentially sells xx shares to MM. may take a loss but they located XX shares. + +Recap: + +* If you exercised your shares, you bought from MM. 100 shares located +* If you sell to fellow ape, eventually, those shares will fall under the the other 4 options. 100 shares located. +* If you sell contract to MM they will either resell it, or exercise it. They won’t let it expire worthless. 100 shares located +* If you partial exercise, Shorted some, sell XX to MM and buy XX from MM. 100 shares located +* MM has located 100 shares, now they can short those or use those to force price suppression. + +Here’s the results of all of that options. + +* You may or may not make money. You may be able to buy shares with your gains. Don’t buy from MM. IEX or CS, please. +* MM located 100 more shares as far as the SEC is concerned. So now they can short or sell the newly found shares +* At most will get 100 shares. The MM created 100 shares to give to you and another 100 located at the end of the options clearing. +* This is a 2:1 ratio in the wrong way. + +Yes. Apes can make money on options. Yes. Apes can buy shares with the money. Those shares will provide pressure on hedgies. Options do not put any actual buying pressure on price discovery. At least not the options apes do, because for every share you get with options, the MM shows that they will use that to fuck with and lock the price at whatever price they want. Every share you get through options is at least 1, if not 2 shares shorted. That is not net positive buying pressure. + +Yes. Options from DFV day did make the price rise. But only $17. Here's a link to the options info. 3x the calls in the money as 11/19. So based on that alone, and nothing else, you could expect a $6 run on 11/31. Maybe something else may get it higher, but options for 11/19 should expect to raise the price $6 T+6 later. And this is based on historical facts. Not theories. + +# Part 5. The actual harm. DIAMOND FUCKING BALLS + +So RC tweets that he is by the SEC on 5/12. [RC in VA](https://twitter.com/ryancohen/status/1392649234944507906?s=20) + +&#x200B; + +https://preview.redd.it/iblw9sz0cj081.png?width=638&format=png&auto=webp&s=e39b6b7726452cee57d079af6b7f828aec72e850 + +He may have been discussing the GameStop response to the Earnings report in person. He may have been discussing the, at the time, on going GameStop report that was written by the three blind mice. But I also think he discussed Rule 105. I mean. “Oops *moass* my bad” was also 5/12. DFB was feeling those cold hard balls that day. + +So RC fucked up by doing the offering during a quarterly options period. That gave the hedgies ammo he hadn’t planned on, or maybe totally saw coming but didn't listen like the tweet. When the price went up during the swap rollover period/forced buyin/90 cycle RC new he fucked up because the Net negative short volume flipped, and he saw the expected covering but not liquidation on the 5/26 run. I also think that it is possible due to 4/16 options, that RC could not show harm to the stock. + +I speculate that he went to show harm to the stock to the SEC on 5/12. I also believe that they told him that he could not conclusively show harm. Also, 5/28 was a dip after massive green candles on 5/25, 5/26, and 5/27. I think this dip showed RC that the hedgies could still fuck and weren't liquidiated. + +Ryan Cohen RIP dumbass. + +&#x200B; + +https://preview.redd.it/fjqokqi2cj081.png?width=724&format=png&auto=webp&s=415553e81729af60d4447b7ca2cdb7d126e938ca + +So what does the fucking master do? He puts out a fucking share offering at the top of that same fucking forced buy in. Said it before and I’ll say it again, Diamond. Fucking. Balls. We have DFV and DFB. This is equivalent to his over 3M share purchase in December ’20 that was on a T+35 day. + +Share offering 2: + +* Announced on 6/9: GME price $302.56 <-the fucking peak. RC knew +* Announced completed on 6/22: all 5m sold at cost average of $225.20 +* Restricted period on 6/16: GME price $229.94 +* Difference in price $4.74 + +If all 5 million shares were shorted between 6/16 and 6/22 and 5 million shares were bought during that period GameStop could claim $23,700,000 in damages. (Over 25X the size of the case linked at the beginning). Take note, because if the 90 day cycle is correct and RC knows it, then he knows they would have had to either short the stock on 6/10 or risk MOASS. Crime or MOASS. Because remember how we talked about options before, and how the MM or brokers have to locate a share of GME before they short it? That means that if 5M shares were shorted, then 5M shares were bought too. Full harm. The short volume reported (yes, we know it’s more) is 5,971,211 shares. Each of those had to be bought during the restricted period to short them. I think. + +Let that sink in a minute. DFB put out a share offering on a date that should have launched MOASS, because the net short volume should have to go negative during the share offering. Just like it did in April. Right after a forced buy in. It should have launched the price past $350, and possibly forced liquidations. + +But we all know what happened. Traceable crime actually happened. Crime the SEC like to sue over. Maybe they might be inclined to ask Citadel why they bought the entire offering and shorted the entire offering during the restricted period. +I have learned a lot from this sub on the original post and wanted to post follow-up + +Here is my original post: + +https://old.reddit.com/r/fatFIRE/comments/bntjrr/industrial_property_purchase/ + +I ended up buying the building with a 50/50 partner (who is my best friend for 20+ years). I listened to some of the advice here, as it would be a big portion of my net worth, so decided to spread the risk a little. + +Here is we ended up: + +Purchase price: 2.73mln + +Closing costs were mostly rebated by the bank ($4k after rebate) + +Financed 2.32mln at 4.25% 10/10 loan + +Payment of $14,452.00/month. + +Here is where the sticker shock came in: Tenant Improvements: all in ended up at $465k, this is a lot more vs. budgeted. Mostly because of insane commercial codes imposed by the city of Portland. + +On the plus side, everything leased out quickly. 4 spaces leased out for $14,935.00/month total + NNN, all with 5-year leases and 3% annual lease increases. I'm cash flow positive as soon as construction is done, which is this month, and growing every year... + +Current cap rate comes out to 5.6%, due to unexpected TI costs. + +(side note, a big part of TI went to space that my company occupies, which was really overbuilt) + +Overall, despite pandemic, insane code requirements, and all other craziness it was a positive experience and I would go through it again. +I have learned a lot from this sub on the original post and wanted to post follow-up + +Here is my original post: + +https://old.reddit.com/r/fatFIRE/comments/bntjrr/industrial_property_purchase/ + +I ended up buying the building with a 50/50 partner (who is my best friend for 20+ years). I listened to some of the advice here, as it would be a big portion of my net worth, so decided to spread the risk a little. + +Here is we ended up: + +Purchase price: 2.73mln + +Closing costs were mostly rebated by the bank ($4k after rebate) + +Financed 2.32mln at 4.25% 10/10 loan + +Payment of $14,452.00/month. + +Here is where the sticker shock came in: Tenant Improvements: all in ended up at $465k, this is a lot more vs. budgeted. Mostly because of insane commercial codes imposed by the city of Portland. + +On the plus side, everything leased out quickly. 4 spaces leased out for $14,935.00/month total + NNN, all with 5-year leases and 3% annual lease increases. I'm cash flow positive as soon as construction is done, which is this month, and growing every year... + +Current cap rate comes out to 5.6%, due to unexpected TI costs. + +(side note, a big part of TI went to space that my company occupies, which was really overbuilt) + +Overall, despite pandemic, insane code requirements, and all other craziness it was a positive experience and I would go through it again. +So I spent most of my twenties spending. I know I need to buckle down and figure some things out. Currently my total debt is $7,100 plus 10k in student loans which are in forbearance. + + My 401k is around 4,000ish after I took some money out to cover Covid expenses. I'd really like to buy a house in a year or two but I don't know if that's a pipe dream. + +I just got a second job which I'll also work full time the next 2-3 months at the same pay rate as my other one. Around $5128 before rent and bills. + +Are there any immediate moves I should make? +My girlfriend (19F) and I (18M) are saving up for a down payment on a 4plex 4 unit building. We plan on making the purchase in about 3 years, and we have projected to have about 30k saved up by then, but we only have about 6k saved up currently. We want to do around 5% down. (Of course we won’t use the whole 30k.) Our intention is to live there while also renting out the 3 other units. + +Is it worth it to invest these savings into mutual funds or in the stock market at all? I know it’s not wise to invest short term savings but I feel bad just letting it sit and do nothing in my savings account. I feel like it is a decent amount of money that can have at least a decent amount of growth if allocated properly. + +Perhaps a high yield savings account? I don’t know. Any advice would help, thank you! +A really great company recently offered me a remote position but they're headquartered somewhere in Europe and I'm based out of the U.S. + +As part of the offer, they're asking me to incorporate so that I can apply to avoid double taxation. I was wondering if anyone had experience doing so and if there are any pitfalls I should be wary of given this sort of arrangement? The people at this company seem great and the offer is generous so I'd like to take it, but the unfamiliar circumstances give me some pause. + +Any feedback or resources are greatly appreciated! +So, I graduated college this May with a BS in Nuclear Engineering and am one month into my new job as a reactor operator trainee at a university research reactor. After taxes and health insurance, I take home around $40,000/year. Around $3000 a month. (I’m doing shift work so it varies slightly) I am currently rooming with a previous classmate who also got a job in the same town. I have made myself a budget and am currently paying down as much of my student loans as I can during my 6 month grace period. Almost all of the loans are currently accruing interest though. Right now I’m paying down $1,000/month on my loans, and have built an excel sheet that calculates which loan accrues the most interest each biweekly period and then recalculates the amount of interest it will accrue the next period after I make a payment. This allows me to pay on whatever accrues the most with pinpoint accuracy. At this pace, it will take 11-12 years to completely have them paid off. After this first month, I realized I grossly overestimated some of my monthly budgets and am trying to readjust some of them. But several of them are still variable in amount and so I’m not sure how much to adjust them by, or if I should just leave them over budgeted and add the excess to the loans/emergency fund. I’m also looking for some advice on how big of an emergency fund I should have before I cap it off and funnel the rest into loans. I currently have $4600 in Emergency fund. Also, the variable costs in my budgets are utilities, propane, food (to some extent) and gasoline. (Note: utilities, and propane are the values after the split with the roommate.) I budgeted $130 for utilities, and it was $51. I budgeted $100 for propane and it was around $27. I budgeted $200 for gasoline and it was around $75. I also budgeted $250 for food, and I spent closer to $180-200. I know some of these could go up, such as propane in the winter time, and gasoline when I have to travel more to see my girlfriend. I just don’t really know how much to budget for or what to expect when I don’t have a set amount going out. Any advice would be welcome. Btw. My rent is $337.5/month after the split. Also, any advice on how to reduce my loan payoff period to less than 10 years or ideally 5 years, would be much appreciated. I’m living as frugally as possible. Another point: I can expect a 30% raise in about a year when I get my Operator license. +Hello, im 21 and my friend and i are thinking of opening up a business in about 3 years from now. We are both working and the rough plan for now is to put in 1k each month into a mutual account and invest in etfs for the next couple of years in order to build capital. Do you see anything flawed with this plan? +I'm trying to save up some money by lowering my mortgage without refinancing. Can I get a cheaper home insurance and that would lower my mortgage payment? What else could I do? BTW, I'm the only income in my household. +hey guys, I decided to get into investing and figured it would be a bad idea to download a trading app right away and try my luck. I want to educate myself more before starting and there's a lot of bs online so I'm wondering what's a good starting place to learn? +I have around 5-6k monthly leftover to spend however I like, I’m looking into using a financial advisor. What are some things I should know or questions I should ask? Any recommendations on companies that you have a good experience with? I’m in the Louisville KY area +hey guys, I decided to get into investing and figured it would be a bad idea to download a trading app right away and try my luck. I want to educate myself more before starting and there's a lot of bs online so I'm wondering what's a good starting place to learn? +Let's say that theirs this nice condo I'm looking at, is it worth getting a mortgage on it or just renting it by lease. Money wouldn't be an issue exactly but not sure if theirs benefits to buying it instead if leasing +We currently have free healthcare for the family through my wife’s employer. My employer open enrollment is next month and we’ve discussed me enrolling for the high deductible family plan so that I can put money into an HSA. + +3 questions I have are... + +Is it worth spending ~$2500/ year on the plan to be able to put $7000/year into an HSA over some other investment? + +And how do coverages work on doctor visits etc? Do I only give them my wife’s healthcare card or is it advantageous to give both insurance cards? + +Thoughts on just putting this amount into my Roth 401k after my 401k is maxed through my work plan? My employer allows this. + +Stats... +Family of 3 +HH income of ~140k w/ mine being about 90k +Currently maxing out 401k and Roth IRA +Mid 30’s + +Thanks! +I am a single mom of 3 kids, ages 17, 7 and 6. I earn enough to pay all our bills and be comfortable. + +My 17 year old will only eat food that is organic and super healthy. It’s a completely different diet than what my younger kids and I eat. I’ve been giving my oldest son money so he can shop for his own groceries, and last night he told me he needs more money - about $175 for two weeks of food. As an example, he drinks kambucha daily, which is $3.50 a bottle. $175 is more than I spend for two weeks for three people. My oldest has two part-time jobs and when I asked what that money is going toward, he said he’s putting it in savings. + +So while I can afford to give him grocery money, and I know he’s still a minor (he’ll be 18 in 7 months), is it reasonable to give him a set amount of money and anything over that amount comes out of his pocket? I want to support him and get him ready for being an adult at the same time. I love that he’s saving money but I’m not happy that I’m paying for 100% of his expenses while he’s saving a ton of money, and I have two other kids to support. + +Do I make him contribute or do I continue to pay until he’s 18? + + +“In light of our long term focus, we are not an investor that demands guidance. In fact, we appreciate that Apple, one of our long term holdings, suspended guidance amidst pandemic-related uncertainty and has never given away a detailed strategy for all of its competitors to see. We dislike when a management team spends time accommodating Wall Street, engaging with television pundits and telegraphing forecasts to the competition. We believe managements time is best spent focusing on execution that drives a better customer experience and tangible value creation” + +-RC Ventures + + +Why would they give a play by play to a group that can’t keep their mouths shut? +SS has hyped up every single exciting date or big move, only for hedge funds to shut it down, because we make it public. + +We forecast every single thing we do here, and it bites us every time. Why would he come out with his plan? + +I love SS (though, I admit to being a lurker and often disconnect to help stay Zen), I have been here since the great ape migration from the place that shall not be named, I’ve owned GME shares before the sneeze and averaged down after. +I understand frustration. But we are fighting a war, and neither side will give up. + +The dumbest thing RC could do would be to make his plan public, because that gives the hedge funds the ability to react to it. + +RC is playing 5D chess, and if you don’t have patience and are ready to paper hand after a red week, sell your shares to another APE and go. Your FUD isn’t welcome here. + +Buy, HODL, DRS. +Hello, + +I want to buy a house ASAP however I'm currently working in a job I absolutely hate. + + Im also self employed and currently making almost the same as my full time job while only working 1 or 2 hours a day. I want to quit my job asap and dedicate full time to my business, however I'm aware this will complicate the process of getting a mortgage. I've been running the business for less than a year and I have four month notice period at my current job. Is there any chance for me to get a mortgage while working through my notice period and explain to the bank that my business is generating amost the same income as the full time job, despite the fact I still haven't produce a tax return? I haven't quit my job in the hope to get a house, unfortunately I haven't been able to have an offer accepted for the past 3 months due to the crazy market and is affecting me mentally having to go to a job I absolutely hate just in the hope to get a mortgage. + +Any help would be appreciated +So yesterday there was a misleading screenshot of GameStop’s latest tweet at market close. + +“Tomorrow is in your hands. Revisit” + +Everyone goes ape-shit, the post rises, and we look like fucking cultists. + +The whole tweet is “Tomorrow is in your hands. Revisit the genre-defying experience, now expanded and remastered for the PlayStation®5 console in Death Stranding Director's Cut.” + +GameStop is not going to tell us when the MOASS will happen, they probably don’t even know either. Looking like a bunch of cultists is not going to help our cause - I’d actually consider it FUD when you’re possibly misleading baby-apes. Let’s stop with the far-reaching speculation. Buy, hodl, and post quality content. + +This is not financial advice. + +Note: I hope this ages poorly +At the moment many banks are quoting 6% interest rates for re-mortgages, assuming your fixed rate is coming to end and you have to accept this rate, does it make sense to start trying to overpay as much as possible? + +I've seen paying off mortgage debt characterised as an almost "risk-free" investment, as its debt you will most likely have the rest of your life, so by paying off £10k now, you effectively lock in £10k + 6% per year in avoided interest for the next 25 years. + +If rates drop back down to 2% in 2 years time, when you next re-mortgage you can take back out the extra equity you put in and put it back into stocks? + +On top of this overpaying your mortgage will grant access to lower rates at the next remortgage from lower LTV ratios, which is a benefit on top of any investment returns. + +Does this makes sense or, is there something I am overlooking? Interested in any opinions, in where paying off the mortgage early should rank compared to: + +1) Matched employer pension contributions (Free money) + +2) Maxing out ISA allowance (maximising the tax benefit) + +3) Investing into non-tax advantaged saving schemes. + I am always reluctant to lend money to friends and family member. + +I ask this because I have a friend and over the last 6 months he came to me to borrow money. + +Twice I turned him down and I think this might affected our relationship. + +If someone is in need I like to help them ;but in this case I did not help because I think I would be condoning stupidity . + + +He told me twice that the reason why he needs this money is because he spend all his money on a building project back home ( he is not originally from the UK). I can verify that he is building a ranch back home . + +I said to him . You can't send all the money to build the ranch back home whilst denying yourself whilst living in the UK. + +I told him straight up. When you get paid make sure your food, shelter , clothing and transportation etc the basics for you to live in the uk are taken care of before you send money to build your ranch. + +Absolutely ridiculous. + +Makes no sense to me. + +I once lend a friend £200 in 2003. I am still waiting for repayment 17 years later . + +Do you have any experiences of lending and not getting back your money and how does it affect your relationship? +You guys out here being the real heroes. You guys bust your ass for shit pay and go the extra mile when you shouldnt and put up with peoples bullshit. And after all that your boss takes you into his office and gives you a .25 cent raise. And what do you do? You smile and keep grinding with an extra $10 in your pocket. $520 extra dollars a year. Then uncle sam shows up like debo from Friday asking for his cut. +Hi + +So I am new to a S&S Isa very new to investments so made my first lump sum deposit of £3K and plan to invest a further £100 a month for the next 15 years maybe longer I have a fully managed portfolio in a very diversied field of indexs with Nutmeg at a 9/10 risk level. Everyday about 6pm i cant help the urge to go on an check what has happened that day I have had returns of day by day +1.44, -21.00, +17.00, -21.00. + +How can I get over the urge to check everyday? + +I know that a lot can and will happen in these 15+ years and there will be alot of ups and downs in the market which will effect my investment im just concerned for my investment. + +Any advice is very much appreciated. +Im in my late 20s and desperately want to move out from my parents home. I live outside of london yet ive noticed that houses on my street have gone up in value by \~10% since the 1st lockdown (and continuing to increase), despite my local area having 1 of the highest rates of unemployment in the UK. + +Its bad enough house prices are now triple what they were at this point in 2015 but it is bizarre that house prices have gone up quite a bit in the last year despite the 2008 recession making house prices drop by a third compared to house prices in 2007 in my local area / took between 2008 and 2015 to reach 2007 housing prices. + +Any ideas why house prices have gone up a lot? +Edit: holy crap you guys replied to this a lot... Thanks for the feedback/advice! + +Hello r/personalfinance! + +I am 24 years old working for a fortune 500 company. I am a salary, exempt employee making around $85,000 per year. I do not have any degree, I went to a trade school after high school. + +My employer wants me to go to school and get either an engineering degree or a business degree. If I don't go get a degree then I likely won't be able to promote and my prospects for raises are pretty low (I might be able to get my salary to 90-95k in the next 10 years without a degree). + +Here's my problem - if I go get a business degree then they'll try to push me into management. I really don't want to be a manager and I'd quit if that happened. So, for now, a business degree is off the table. Maybe someday when I'm older I'll change my mind on that. + +Regarding the engineering degree, my salary grade is 2 levels higher than the salary grade for an entry level engineer at this company. I'm on the same salary grade as a senior engineer. To get a true promotion, I'd have to move into a project manager role. There's no way they'd give me a project manager role fresh out of school (nor should they). + +The engineering degree would cost me around $30,000 (that's after my employer pays for half) and 5-6 years to complete. I'd probably spend 3-4 years within my current salary grade before getting a promotion for $10k more or so per year. That means it would be 8-10 years before I start seeing any returns and about 11-13 years before I start profiting from the degree. + +I think that I should just continue with my current job and save/invest money. I've been maxing out my 401k every year and I want to start investing in rental properties. + +What do you think r/personalfinance? Thanks! + +TL;DR: Employer wants me to spend $30,000 on a degree. It would take 11-13 years before I start seeing a profit from getting that degree. Is it worth it or nah? +Recently we have heard announcements from several (potentially game changing) Dapps which have essentially been operating in stealth mode (since devcon1): + + Golem project - pay for computation (summer) + String - synthetic real world securities though CFDs (2 wooks) + Akasha - social media (Alpha soon) + +This should make for an interesting year. + +ETHBTC price on Poloniex just crashed to around 0.0358 within a matter of seconds and the exchange became extremely laggy and inaccessible in the minutes after. + +So far the price on other exchanges seems unaffected, at least not to the same degree. +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! + +... Do people who go to great lengths to secure their ETH offline via paper wallets, random encrypted wallets, stashing it in a super SeKrIt lOcAtiOn!!11, trezors, etc. end up posing a greater risk to themselves than "hackers" do? I mean it's gotta be at least once a day or two where you just hear about some guy who bricked something upgrading firmware and now he can't get to his ethereum or someone accidentally dropped their secret key in the toilet while taking a shit or something. + +On the other hand why is there a stigma against just holding your Ethereum on coinbase for instance? Relatively speaking, the stories of people getting HaCk3D on exchanges or online wallets are rare. It seems to me that for a great majority of people holding Ethereum, their own human error in attempting to secure their ethereum in some unconventional manner presents a greater risk to the security of their eth than all the imaginary 1337 hAcKaZ that they think they'll get hacked by if they have their shit on some exchange. +Every time the price drops like not even 10% there are posts like "the sky is falling" to scare people to panic sell. Typically the posters either sold too low and want to re-enter with a good price, or they sold at the top and wants to create panic so they can buy back much lower. We have seen these posts when price was 2usd, 3usd, 5usd, 7usd, and will keep seeing these posts now at 10usd, later at 13usd, 15usd, 20usd etc. Be careful when you make decisions when you trade and the most important thing is make your informed decision rationally and DO NOT panic sell/buy according to your disturbed emotions when you read those posts. If you just recently invested into eth and believe eth is going to worth much higher than when you invested, do not let those posts get you and sell at a loss when you know you might not be able to buy more eth cheaper. Note that I am not saying you should not sell, but you should be careful when you decide to sell, because maybe your emotion will make you irrationally sell at the bottom. +#Unprecedented Growth + +Cryptocurrencies have seen explosive growth over these past few months. Just 6 months ago, the total cryptocurrency market capitalization sat at $93 billion, and the number of /r/CryptoCurrency subscribers sat at 71,000. These have grown by **750%** and **615%** to $697 billion and 437,000, respectively. /r/CryptoCurrency has been the #1 non-default fastest-growing subreddit for most of January. It's clear the community and interest is growing, and we are excited to see the enthusiasm. + +**We want to make /r/CryptoCurrency a place for quality discussion for ALL cryptocurrencies.** We do not want /r/CryptoCurrency to be dominated by a single project, or to have only low-quality content. + +The moderation team has been hard at work providing important community resources and refining the subreddit rules. We would like to speak about our values, what changes we are making, and what you can do to help the mission. Frankly, we owe it to the whole ecosystem to provide a quality discussion board and resources that benefits the entire community. + +Moderating a group that is growing so quickly has its challenges. We will make some mistakes along the way, but we want to be as open as possible about our processes and work with all communities. + +# Values + +/r/CryptoCurrency has the following values: + +1. **Education**. Many people take their first dive into cryptocurrencies on our subreddit. We need to promote high-quality resources for newcomers and long-time contributors alike. The moderators are working with several subreddit teams to create quality, factual documentation for as many cryptocurrencies as possible. If you are interested in contributing towards this project, [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoCurrency) with what coins you are knowledgeable about and what experience you have. + +2. **Constructive criticism and skepticism**. We highly encourage constructive criticism and skepticism in this subreddit. We want to create a culture where people are constantly asking critical questions about different projects. No coin is perfect (despite what some people will say), so we should remain critical where improvements can be made. Posts balancing cool features with honest disadvantages are much higher-quality than those which only show one side of the story. + +3. **Civil discussion**. /r/CryptoCurrency is a place that is open to everyone. Posts encouraging discrimination and hate are not allowed and will result in a ban. Please report any of these posts as soon as possible so they are removed. + +4. **Collaboration**. It's important that this subreddit works with other cryptocurrency subreddits. + +5. **Mentorship**. Everyone starts off somewhere, and we should politely point these people in the right direction rather than ignore them. We should help these people learn more. + +# Changes + +To better meet these values, we are making the following changes to /r/CryptoCurrency: + +1. **Maintaining our current rule of a maximum of 2 memes on the frontpage**. Of course, this means that most memes will be removed. We will encourage people who want a good laugh to post in /r/CryptoCurrencyMemes, in /r/CryptoHumor, and on Discord. In a month, we will assess if it's best to move all memes off this main subreddit. + +2. **Stricter "low-quality" rules**. Things like "why x is a top 10 coin", "why x should be worth $100", "why x will go to the moon", "why x will replace the internet", ALL CAPS, and screenshots of portfolios/CoinMarketCap will be considered low-quality and not allowed. Exceptions could be made for high-quality news sources like Bloomberg, BBC, Reuters, etc (most cryptocurrency "news" sites not included). Some low-quality posts that do not meet posting requirements will still be allowed in the daily discussion. + +3. **Stronger tools against brigading**. We will launch an active campaign to work with other subreddits to mandate non-participation (NP) links. Any posts that are linked elsewhere with the intent of starting a brigading campaign will be removed. Please [contact the moderators](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoCurrency) with any evidence you have against brigading. + +4. **Better bots**. AutoMod is great in some ways, but it's clear that we need more. These include bots that automatically ban accounts that post referral links and hate speech. + +5. **More moderators**. /r/CryptoCurrency is recruiting! If you feel you have what it takes, make a thoughtful post in /r/CryptoRecruiting. We have added 10 new moderators (including me!) in the past month. + +6. **A weekly skeptics thread**. [Here's this week's](https://www.reddit.com/r/CryptoCurrency/comments/7op0t7/weekly_skeptics_thread_january_7_2018/). This thread will be heavily moderated. Make sure to downvote and report shilling and low-quality posts. We want this thread to be filled with quality, thoughtful discussion. + +7. **Increasing the post karma requirements**. The karma requirement to make new posts will be increasing. Most shilling comes from accounts with very little karma. + +8. **Banning karma begging**. We do not want to see karma begging anywhere. This has been a persistent issue in the daily discussion. Instead of begging, post quality content that deserves upvotes. + +9. **Sorting some threads by controversial**. This is a powerful tool that helps reduce the effect of brigading. It is often preferable to having a post completely removed. We have tested this on some posts and are still assessing if it's an improvement. + +10. **Megathreads**. The moderation team will create more megathreads for important events to reduce clutter and organize the conversation. + +# What You Can Do + +1. **Think twice before posting**. Are you seriously posting quality content with the best title? Does your post seriously add to discussion? Does the post meet all the subreddit rules? + +2. **Use the "report" button**. It's the best way we can spot any issues we miss. + +3. **Follow rule X - communicate with the mod team**. If you disagree with something, try contacting us first. We have resolved many issues from disgruntled redditors, and it's easiest if you start calm instead of grabbing your pitchforks. + +4. **Help us write documentation**! If you like a coin, why not create meaningful documentation that thousands of people will view? Quality standards apply, but we offer wide autonomy on several projects. [Message the mods](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoCurrency) for more. + +--- + +That's it for now. Let's make /r/CryptoCurrency a great place for everyone. +So I've had a credit card with Barclaycard for ten years. I got it after a road accident when I needed it, but from there it became part of my life. The limit swelled from £1,000 to £8,000 and I eventually maxxed it every time. Which put me in the situation I'm in now, where I'm paying £250 a month and barely putting a dent in the balance. + +Cut to last week, I get a letter saying they've been regulated by the FCA and they now have to address 'persistent debt', where you've been paying more in interest than towards the balance for 18 months. It said that if I failed to sort it out they could remove my credit facility. I don't know whether I would class as persistent debt but I knew it would be a real possibility. + +Now the CC has been a significant source of stress for me over the last year as I struggle to improve my bad spending habits and my finances in general. But it's the sort of stress I could worry about for a few days and then forget for the rest of the month. After all, I was making my payments on time and not going over my limit, so there wasn't anything to worry about, right? Until the letter, which was a kick up the arse - evidence that if I don't improve the situation they will simply ask for the money back. + +So after worrying a bit more I decide to just call them and ask for some help. I had to muster the courage, and I came up with a line about wanting to reduce my costs by switching my balance to another card, but wanting to stay with them if possible (a balance transfer is not an option for me for at least another year, due to a defaulted bank account five years ago). + +So long story short, my ROI for the next two years is now 6.9%, down from 26.9%. An extra ~£140+ per month towards the balance and not the interest and a real prospect of paying it off inside two years. This is the first time in five years I've felt anything other than dread about my credit card balance! I had to share it, and I hope someone finds it useful. +I've been lurking on this sub without an account for a while, but wanted to say thank you to the community. + +I first started investing small amounts monthly about 9 years ago. I had NO idea what I was doing, and ended up just investing in a bunch of different funds that different websites recommended e.g. FTSE 100 tracker funds and more recently Baillie Gifford funds. I never really gave it much thought, but with the recent volatility, I'd been feeling quite anxious about how some of the funds had dropped massively in value. + +Because comparing performance charts didn't help when I'd been investing monthly rather than a lump sum, and because I had nothing better to do, I downloaded my transactions from my investment account, and using historical price data on the FT website, I worked out how many units I could have bought of the L&G International Index fund\* on those dates, and how much those units are worth now. + +**Turns out my investments would've been worth... pretty much what they are now. Less than 1% difference.** But with a lot less hassle and recent sleepless nights on my part along the way... + +So two days ago I bit the bullet and switched all of my funds into the HSBC FTSE All-World fund (I didn't choose the L&G fund because it excludes the UK and emerging markets). + +I suppose those Baillie Gifford funds might outperform the market again, but I don't really care because at least I don't have to worry about them continuing to fall, either. I do wish I'd had this realisation a year ago though lol. + +So, just wanted to thank this community, and hope my experience might help others reading! + +Next step is to investigate flat fee platforms to switch to... + +&#x200B; + +\*I chose this fund because it had detailed unit prices and has been around for a while, my chosen fund (HSBC FTSE All-World fund didn't go back far enough and only rounded to 2 decimal places). +By £0.02. Yep, you read that right. No joke, I swear. Something went wrong (or right?) with the transfer from HL to Vanguard and now it says on the dashboard that I am 2p over. Do I need to do anything about this, as it does seem a silly situation to be in + +Edit: it seems that it was due to cash interest in HL that accrued before the transfer. I’m just being an idiot. +Hi, + +I am a 25yo graduate on £25k and I'd like some advice on my monthly expenses: + +&#x200B; + +|Rent|£500| +|:-|:-| +|Council Tax|£85.19| +|Broadband|£24| +|Home Insurance|£4.40| +|Water|£15.17| +|Electricity|£50.59| +|Food|£200| +|Life Insurance|(4x salary, work benefit)| +|Health Insurance|£18.79| +|Phone|£10| +|Misc (Netflix etc.)|£20| +|Pension|£125 (6% employer matched)| +|S&S ISA|£500| +|Savings|£0 (£12,000 emergency already saved)| +|**Total Spend**|**£1,533.13**| +|**Total Income**|**£1,720.15**| +|Net Income|£167.02| + +&#x200B; + +Is there anything I'm spending too much/little on? + +My long-term goal is to be financially secure, but I don't want to make enormous sacrifices to achieve that. + +I would like to retire at age 60 on about £25,000. I hope to be on £40,000 by age 30 and the average peak for my profession is £60,000 at retirement. Is 6 percent (accounting for inflation, interst, increase in salary etc.) realistically enough? + +I also don't want to put down a deposit for a house/invest in a LISA because one day I hope to move abroad, and I also don't want to be constrained to one area should new work opportunities come up in other parts of the country. + +Thank you for your help. +This may have been covered here already, so if it has I apologise. Just thought this might be of use to someone else in my situation. + +After the TSB debacle a few months ago, I decided it was time to leave. I used the Current Account Switch Service (CASS), as is the norm these days. I successfully switched banks on the 9th of May and had no issues on the Halifax side of things (I chose Halifax because my mortgage is with them). + +The CASS is supposed to make switching banks easy for the customer and should transfer all of your direct debits without any hassle. Unfortunately this was not the case for me. I was unaware that anything was wrong until my direct debit recipients began getting in touch with me to offer their condolences... + +So, LOTS of my direct debits got paid late and I had to make a LOT of awkward phone calls. So, I called TSB to sort it out. As it turns out, this was something they were aware of as it has affected hundreds of people across the country. I spoke calmly with someone from TSB and they offered me £50 in compensation. + +Now here’s the lesson - never let them lowball you. I had done my research and had seen on MoneySavingExpert that someone had successfully claimed £250 in compensation from TSB for this exact thing. So, I told them - I want you to fix my credit score which had been damaged from all of the late payments, and I want £250 in compensation. I was told that she’d have to escalate the complaint and to expect some correspondence soon. + +The next week, I got a letter saying that a cheque for £250 was in the post. Importantly, the letter also states that it can be used as proof that it was TSB’s fault if any of my direct debit recipients have any problems with my story (nobody has so far). + +Just thought I’d share this in case anyone else is in a similar situation! +Hi Everyone, + +This post is continuation of [https://www.reddit.com/r/personalfinance/comments/p6c0oa/employer\_lowballed\_me\_after\_quoting\_a\_higher\_range/](https://www.reddit.com/r/personalfinance/comments/p6c0oa/employer_lowballed_me_after_quoting_a_higher_range/) + +&#x200B; + +# Here is the summary: + +**Salary range in job posting:** 90k-150k + (10k-30k) bonus + +**Their initial offer:** 80k + 10k bonus (5k company performance + 5k individual performance) + +**My quote after getting disappointed and ready to let it go:** 150k + 30k (basically higher end of their range) + +**Counter offer:** 120k + 10k + ***stocks*** + +Next there is call with CEO where he would like to elaborate the offer and discuss about stocks/equity. Could you guys help me how to approach this call? What are your thoughts about it? The company is not public btw. + +Please see the original post for complete explanation! + +Thanks! + +Edit: Thanks everyone for your comments and suggestions. It helped me tremendously throughout the whole process. I end up rejecting the offer, but learnt my way through salary negotiations. Shoutout to all redditors here! +Triggered by the case of u/safelyoptimized, I decided to analyze top contributors of this month. First of all, you might want to vote in the poll linked below to remove u/safelyoptimized from Moon distribution if you haven’t done so yet: + +[https://www.reddit.com/r/CryptoCurrency/comments/p07v03/emergency\_proposal\_exclude\_user\_from\_moon/](https://www.reddit.com/r/CryptoCurrency/comments/p07v03/emergency_proposal_exclude_user_from_moon/) + +**As many as 16 redditors reached the limit of 15 000 karma in the last cycle (July 7 – August 4):** + +u/ultron290196 + +Reddit allows to check only the last 1000 comments. And since ultron290196 has written more than 1000 comments, the last one I could check was from July 24. I guess we can safely assume ultron290196 wrote more than 2k comments. + +One of those comments was: BTC dumps to 30k in one day: Manipulation! BTC pumps to 40k in one hour: Natural Progression! Which earned him 112 upvotes ([https://www.reddit.com/r/CryptoCurrency/comments/oro9dv/bitcoin\_just\_touched\_40k\_from\_the\_mid\_35k\_range/h6jehdo/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/CryptoCurrency/comments/oro9dv/bitcoin_just_touched_40k_from_the_mid_35k_range/h6jehdo/?utm_source=reddit&utm_medium=web2x&context=3) ) + +Ultron was so proud of this comment that he shared it one more time, adding a sentence from another user:([https://www.reddit.com/r/CryptoCurrency/comments/oro9dv/bitcoin\_just\_touched\_40k\_from\_the\_mid\_35k\_range/h6jejn4/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/CryptoCurrency/comments/oro9dv/bitcoin_just_touched_40k_from_the_mid_35k_range/h6jejn4/?utm_source=reddit&utm_medium=web2x&context=3) ) + +and then also made it into his most successful post with almost 3k upvotes: ([https://www.reddit.com/r/CryptoCurrency/comments/orrp9c/btc\_dumps\_to\_30k\_in\_one\_day\_manipulation\_btc/](https://www.reddit.com/r/CryptoCurrency/comments/orrp9c/btc_dumps_to_30k_in_one_day_manipulation_btc/) ) + +99.9% of ultron’s comments are on r/cryptocurrency or connected subs (memes, meta) and the great majority of them are very short comments trying to be funny or fit in with subreddit’s sentiment (this is characteristic also for all the other redditors who managed to reach the karma limit). What I have to admit is that ultron, although his comments aren’t groundbreaking or controversial in any way, is rather creative and - except for the example above - he doesn’t repeat his comments (at least not word for word). He also doesn’t hide the fact he’s an Indian moon farmer. + +His highest comment score was 364. 9 of his comments managed to get more than 100 upvotes. Haven’t seen him going below -1. Most of the comments are in 1-2 range (this is also characteristic for all the others). + +As for the posts – it’s similar. Most of them are his opinions in which he tries to relate to other members of the community and get those upvotes – most of the time he fails but there are a couple of posts that were pretty successful. But Ultron, as a professional moon farmer, knows that ~~money is~~ Moons are made in the comment section. + +u/WackyMister + +WackyMister is also aware that Moons are made in the comment section so he didn’t bother with creating any posts. + +Unfortunately, as in the case of Ultron, WackyMister has written so many comments, that the oldest comment I could check is from… August 4. Yes, he wrote more than 1k comments in 4 days. + +This is moon farming at its purest/dirtiest. The comments longer than a couple of words are as rare as people who are “in it for the tech, not for the money”. This is best illustrated by the fact that only 3 of Wacky’s comments managed to receive more than 100 upvotes (top score: 348). + +u/Too_raw90 + +Created 3 posts, got only 4-11 upvotes, so went all in into comments. + +He's just like Wacky: full moon farming mode is enabled. Massive number of very short comments of rather low quality and only 4 of them managed to receive more than 100 upvotes (top score: 226). + +u/jasonluxton + +He started the month by posting a lot but probably later realized that it pays better to focus on comments. Out of 26 posts, which are mostly news or pretty useful tips/reminders (how) to stay safe, 7 were successful and received more than 100 upvotes (1 of them even broke the barrier of 1000 and another one was pretty close). + +Unfortunately, when it comes to the quality of jasonluxton’s comments, it doesn’t look as good (most of the comments in 1-2 upvotes range, top score of only 168). Again, these are short, rather low effort, plenty of GIFs. But at least he doesn’t seem to be spamming as much as the two guys above (which, of course, doesn't mean he isn't a spammer ;-). + +What I like about this guy is the fact that he seems to have a life outside of r/cc on Reddit – he’s active in psx and amiga subreddits. + +u/HanditoSupreme + +Only two (unsuccessful) posts. But plenty of comments. Most of them short and low effort (and unsuccessful). But there are some exceptions. The comment history looks pretty good compared to WackyMsiter or Too-raw90. But it’s still 99% moon farming. 7 comments managed to receive 100 upvotes or more with the top one scoring 321 points. + +u/Soupapinho + +When it comes to posts, it’s (surprise!) quality over quantity – 3 posts and 2 of them very successful. But when it comes to comments it’s (no surprise) the other way around. It’s enough to say that Soupapinho highest rated comment, despite all the spam, got only 28 upvotes. He likes to post lots of GIFs. + +**Accomplished-Design7** + +This guy is a full time farmer it seems – he’s not only active in r/CryptoCurrency, but also in r/FortNiteBR (that’s where you can farm Bricks, right?). + +When it come to posts, he made around 50 of them, including 8 with more than 100 upvotes (2 of them extremely successful – 900+ and 1 800+ upvotes and plenty of awards) . + +When it comes to comments, he struck gold with commenting on the mistake made in the title of one of the most upvoted posts in the history of the subreddit and received more than 1.1k upvotes for this comment (and 318 for another in the same post). Other than that, it’s typical moon farming but 6 other comments of his received more than 100 upvotes. + +u/pmbuttsonly + +20 posts, mostly news, 3 of them reached more than 100 upvotes (145-403 points). + +Comments? No surprise – spam of mostly short, one-sentence (or even word word/letter) comments. But probably not as severe as in the case of some other farmers. Also – many successful comments which scored 1.3k, 657, 572, 422, 368 and 143 points. Definitely the most impressive “portfolio” so far. + +u/Ndivided132 + +Now, here we have a guy who did something useful – he’s the one responsible for the governance poll that allows us to tip up to 100 Moons without losing the 20% bonus. So, maybe he's the first guy who managed to reach the limit without farming? Let’s see the comments. + +Nope, he IS a farmer – spam, GIFs, short replies. Top comment with only 31 upvotes (and it’s a GIF). + +u/Tenma_Hito + +Only 3 posts, none of them successful. + +When it comes to comments, Tenma isn’t different from all the others – lots of them. And still – only 3 with a count above 100 upvotes. + +u/Norbit11 + +Calls herself a “degenerate Moon farmer”. Aptly so? + +Let’s see – only one post in r/cc (didn’t catch on) but very active in other subs (F1 fan). Doesn't look like a degenerate moon farmer so far. Let’s see the comments. + +Oh, yes. A truly degenerated moon farmer. And a Daily Discussion one. Therefore, her top comment earned her as few as 18 points. + +Pretty active in r/ccmeta but still the title of a degenerate moon farmer seems to be apt. + +u/step11234 + +3 posts, 2 of them of comedic nature. Only one with more than 100 upvotes. Seems to be active in many other subs, at least when it comes to posting. Because when it comes to commenting, it’s no surprise that step11234 floods the r/cc sub. 9 comments above the 100 upvotes mark. Top one with 403 points. + +u/bobloblawTheFirst + +Joined in the beginning of May 2021. Hasn’t posted anything. And also when it comes to comments, Bob didn’t spam as much as the others – I was able to go back as far as the beginning of the distribution cycle (July 7) in his comment history! This was impossible in the case of other users. This, of course, doesn’t mean bob didn’t farm. He did. But with more moderation, it seems. His 1.2k+ upvotes comment on July 17, followed shortly by three 200+ comments, made him hit the jackpot and probably allowed to relax and cut the spam. Or maybe he’s the perfect shitposters you should look up to if you want to become one? He made 6 more comments which scored more than 100 points. + +u/fitbhai + +Posts a loooot. But mostly for Donuts(?) on r/ethtrader. From 31 posts he made on r/cc, only 3 were able to get circa 100 upvotes. 3 comments with more than 200 points (267 being the top one), 5 with more than 100. Short, even very short comemnts, lots of GIFs, lots of spam. 100% farmer, like all the others. + +**The conclusion** is something we already knew: the best way to farm Moons is to be funny (quality shitposting/commenting). But if you’re not that funny you still have a chance – spam the hell out of the sub and keep trying. Even if 1 in 100 of your comments catches on, if you write more than 1000 of them, you still have a chance to be handsomely rewarded. + +PS. Yes, this is what I spent my Sunday on. + +EDIT: I know that most of you guys are adults and don't need this edit but I just wanted to say that this post wasn't meant to attack anyone personally. As much as we might not like the fact that someone writes so many comments - as long as those comments aren't copied/stolen/recycled over and over - we should also appreciate the creativity and devotion of those guys. They also showed good humor about the whole thing in the comments below (well, how could they pass up such an opportunity ;-) ) so kudos to them and the most important thing is - **they don't break any rules. Hate the game, not the players.** + +Thanks for all the nice comments! +I'm looking for my first job soon ik it the pay want matter to much but the experience is a good leverage tool I'm 15m what are some jobs that give good experience and meh pay that are high acceptance. Please don't say have fun party. +The RBA has raised the cash rate by 0.50% to now sit at 0.85%. The cash rate is predicted to keep rising until at end of the year and who knows past that. + +What short and long term changes are you making now as a result of the latest change? +After a trip to the docs they were considering a COVID antibody test for coronavirus but led with the statement that I might not consider risking even taking the test due to the implications it would have on your medical record for things like life insurance and current/future mortgage declarations etc. + +I appreciate we don’t know the long term effects of COVID but it surprised me to think even considering taking the test would have such financial implications. + +Does anyone have any experience of this and what the actual implications may be? +I bought a townhome 5 months ago as primary residence. We really like the place. Got a new job this month that pays around 60k USD more than my current comp but we'll have to change states. + +I can't rent out the unit because the rental permit queue is pretty long. I'm thinking I won't be able to rent out for at least 2-3 years, maybe more. + +Have plans to sell the house, but I thought maybe reddit has some interesting viewpoints on the whole situation. + +So do i have any options better than selling? Might end up taking around 20k USD loss on the transaction. +It is almost at $20 now. Does it have any use or is it just another coin for traders to flip? Could it actually be useful in the future if Proof of Stake is a disaster? My understanding is that they intend to do Proof of Work forever. What if all the miners leave to it? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Last week, the SEC published a report in which it applied the Howey test (1) to The DAO (2) qualifying it as a 'security', and said that this test is applicable to all tokens and ICOs (3). The initial reaction varied from no surprised ("this was expected for some time") to alarmism, proclaiming the end of all ICOs and, consequently, Ethereum. There was also a general idea that the classification of a token (and ICO) as a security should be avoided (i.e. making the token the less similar to a security as possible), for the amount of regulation would make its transaction very difficult and limited to certified investors. + +I see it differently. This report has clarified the field considerably. It's providing better guidance for future token-issuance and ICOs. Admittedly, we'll need to have some actual decisions to start seeing more clearly the doctrine of the SEC on the matter, for there are still many open questions regarding the application of the Howey test to a very innovative investment instrument. + +More importantly, with this report the SEC has legitimised the use of tokens/ICOs to issue securities. This is a very important step towards creating healthy and safe markets for investment on new and also more traditional sectors. With this decision, exchanges and investment institutions can start issuing and sell/buy shares, bonds and other securities in the form of tokens. This will certainly bring more speed, transparency and liquidity to the market, opening new opportunities for operating with less intermediaries, but necessary regulation. + +The SEC report and, I expect consequent doctrine, is a boon for Ethereum. For this is the platform where most tokens are now created and exchange, it is a programmable platform on which new financial instruments can be built on the myriad of securities and other titles that will be put slowly (or very fast!) onto it. The connections that can then be made between the title, financial accounts of the company, dividends, product marketing, other services, etc are all impossible to imagine right now. The opportunities are incredible. + +References: + +1. Howey test is a test created by the Supreme Court for determining whether certain transactions qualify as "investment contracts." http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html + +2. What's The DAO: https://en.wikipedia.org/wiki/The_DAO_(organization) + +3. Link to the announcement (including the report): https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-initial-coin-offerings + Warren Buffett’s Berkshire Hathway is winning Cathie’s Ark Innovation on the YTD chart. With a “value approach” to investing, Berkshire is on a 29.72% profit, while Ark Innovation, on the “growth approach” edge, is reporting a -25%. The last month has been critical as ARKK has registered a loss of -20.43%, while Buffett’s company has reported a 3.68% profit. + +[https://beststocks.com/berkshire-beats-ark-innovation/](https://beststocks.com/berkshire-beats-ark-innovation/) +I had a long discussion last night with one of my mentors about giving back / sharing to enhance/enrich others. I do believe in sharing but I do not believe in just giving away my trading edge. I worked very hard for it and it took a long time to become a profitable trader. After my discussion, I thought about how I could help people without giving away my edge/s to the public and I believe I found a solution. If there is interest, I could share with anyone who is interested, my trades live in an open zoom call. You can watch me taking live trades everyday Mon-Fri at the open and take the same trades if you like or just watch. Given that I’m a profitable trader, you should be able to make money following my trades. I would encourage everyone before trading live, first trade in simulation as a test run and to get used to the way I trade. All for free, no charge! + +Some more details: +* I make in average about $1500/day and I am happy with it. +* I only trade futures NQ +* I execute all my trades on the DOM + +Be aware that I’m not a financial advisor and I do not tell what you should trade or how to trade, I’m just simply share live my own trades for your review. + +Anyway, depending on the demand of interest, I will set everything up this week and we can be all up and running on Monday. + +If you are interested, DM me. + +Lastly, I do not offer to teach, please don’t ask. +I had been working on some DD prior to the initialization of the squeeze, but didn’t finish it in time, and there’s a lot of good DD out there already. I’m going to focus on what’s happening right now (8/9, BBBY down \~20% and what it means). + +**TL:DR;** $BBBY has a lot of underwater short interest that is actively working against a squeeze. Today was a do-or-die moment. + +**Positions:** 11K shares at about $7. Took profits along the way, but I’m holding what I have left to see what happens. + +## Shares, Ownership & Short Interest + +BBBY has been buying back shares for the last few years (terrible capital allocation imo, but that’s water under the bridge) and is now down to **79M shares outstanding from 186M in 2015:** + +&#x200B; + +https://preview.redd.it/olsk42b65qg91.png?width=864&format=png&auto=webp&s=ae9337fa823a6d3a0c2661bda05316a4a6f238b5 + +Currently, institutions and strategic entities are long **84M shares** out of **79M outstanding** \- yes, they are long more than 100% of issued shares. We’re not even talking about float here. + +&#x200B; + +https://preview.redd.it/9shqtnw75qg91.png?width=807&format=png&auto=webp&s=363edeb45e8cfcf1e6cff1ba8ba166e0749ce708 + +As you can see from the blue line in the first chart above, there was one large short cover during the squeeze in Jan 2021, but since then, the short interest has been mostly flat up until July of this year at about 20M shares - despite the buybacks. + +That’s from quarterly short interest reporting. Now, S3 reports that **10M shares were shorted below $7** + +&#x200B; + +https://preview.redd.it/fo7mhoad5qg91.png?width=835&format=png&auto=webp&s=66cc9dacca854c0a0f7e6fd13f121329d3d5e490 + +The short thesis here, again, is bankruptcy. Admittedly, this is not an impossibility, though the higher the share price goes the less likely (given the potential to do share offerings to raise capital). + +So, nutso summary here: + +* **80M shares issued** +* **85M shares owned by institutions and funds** +* **30M+ shares short, with 10M shorted below $7** + +## Price action on 8/8 after hours on 8/9 + +I was pretty attuned to the GME squeeze in 2021 having written a lot of posts as part of my EndGame series. I’m seeing many similarities in behaviors. Here are some notes: + +* Shorts tended to defend the price level of 2x their entry. For GME, this was $15.8, which was defended hard a few times, and when that level was lost it was squeezetown. $15.8 represented **2x the entry price of a large quantity of shorts.** Why is this significant? At 2x the price, your short is now at **-100% and it’s very likely your risk mgmt group is going to shut you down.** +* BBBY started going on 8/8 and in particular after hours. Why did we have a 16% spike after hours? **That started at $12.** **My hypothesis is that there were a group of shorts that entered at $6 and began to get force closed at -100%.** +* Premarket at 8/9 was sitting at **$13+**. If the market opened bbby at $13+, there would have been a slew of force closures from smaller and potentially larger short entities as that would represent -100% for larger and larger portions of the 10M short shares added under $7. **It was critical for shorts to move the price down. Do or die at $13.** + +## So it's do-or-die, what do shorts do? + +* Selling during low volume premarket to establish downward trend +* Shorting via synthetic shorts (short calls / long puts) +* Analyst downgrades + +https://preview.redd.it/snvpahsh5qg91.png?width=560&format=png&auto=webp&s=7ba2111b9a9b32a6f2d5ee0cd540325aedc2a148 + +* Potential astroturfing in WSB (low karma, low post history accounts sharing negative sentiment in daily thread) + * A decent amount of algos follow sentiment in retail, and in addition to shorting you can astroturf social media investing sites to change sentiment +* Once BBBY hits -10%, they can’t short on the bid, so they establish sell walls to keep the price below ask (examples): + +&#x200B; + +https://preview.redd.it/37lifq8l5qg91.png?width=425&format=png&auto=webp&s=7d24eb24f35033e1eae45703a253cdd71e4ba5eb + +&#x200B; + +https://preview.redd.it/05gaejgo5qg91.png?width=825&format=png&auto=webp&s=4126d9fe8c91366f36a8405f4a1ba80dc6e43ebd + +Additionally, today marked the opening of a slew of strikes upward, **which is generally bearish b/c a bunch of retards tend to buy the highest strike, leading to negative pressure on the underlying when MMs later dehedge those positions.** + +## Where does that bring BBBY today? + +1. Shorts have won the day, turning momentum around with a massive reversal from 13+ to $9 currently +2. However, they’re still sitting on 30M shorts, and probably more after today, with 10M+ entered below $7/share. So far, this hasn’t undone the beginning of this squeeze: + +&#x200B; + +https://preview.redd.it/4sosc4oq5qg91.png?width=724&format=png&auto=webp&s=f9a5b5011e344ec6b9aa557df23d3387817b49f2 + +Finally, short shares availability is quite low - **so there's no evidence that shorts have actually covered at all during the 5-day rally.** + +&#x200B; + +[Blue bars: short shares available. Red line is short borrow fee. ](https://preview.redd.it/uz4iys386qg91.png?width=993&format=png&auto=webp&s=524f21743a2735c778e44188acc1800f40be70fe) + +## So what now? + +The long game: The short thesis is bankruptcy for $BBBY. If $BBBY can avoid bankruptcy, the short thesis is squashed and they’ll need to exit. This may not be today, tomorrow, or next month - but that’s the long game. Personally, I’m betting $BBBY finds a way to squash bankruptcy risk which will push this to a long struggle to get out for shorts. + +The short game: It’s generally looking like retail is giving up the short game in the face of many strong short-seller tactics. + +In my opinion, buying OTM calls just helps move the price down as MMs de-hedge, while shares reduce the pool of people that shorts can buy back from. + +## UPDATE: OH SHIT. + +## Just realized. BBBY short interest might be updating EOD TODAY! If that's true, that's another reason for the push down today. + +[https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest#:\~:text=All%20short%20interest%20positions%20must,settlement%20date%20designated%20by%20FINRA](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest#:~:text=All%20short%20interest%20positions%20must,settlement%20date%20designated%20by%20FINRA). + +&#x200B; + +https://preview.redd.it/zp3pazgerqg91.png?width=601&format=png&auto=webp&s=bd311dc71f1ed2b0f9e542382979200b6079ce48 + +https://preview.redd.it/rlle43jdrqg91.png?width=574&format=png&auto=webp&s=c25a2e12dc3824a2117c0e43d39b666de745a684 + +&#x200B; + +## 8/9 SHORT INTEREST UPDATE + +&#x200B; + +* Between 6/30 and 7/15, **Shorts added 7M shares short of $BBBY** +* Between 7/15 and 7/29, **Shorts added 500K shares short of $BBBY** +* Current official short interest as of 7/29 is **29M shares** [per Nasdaq](https://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest) +* Unofficial ORTEX estimate is at **52M shares short** + +https://preview.redd.it/y3qdr3w44rg91.png?width=1062&format=png&auto=webp&s=15e333cd503312b92384d72c48e58bca1e162a14 + +&#x200B; + +https://preview.redd.it/y8l3d4514rg91.png?width=1068&format=png&auto=webp&s=ef46ec90a88bae180f4191ef2b5b6fc6723d644c + +&#x200B; + +**Why is that significant?** + +Let’s look at [BBBY’s price between 6/30 and 7/15](https://finance.yahoo.com/quote/BBBY/history?period1=1656547200&period2=1657843200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true): + +&#x200B; + +https://preview.redd.it/gtlaxv274rg91.png?width=960&format=png&auto=webp&s=c86cdcafc1bbe3da6e860f6aef081f8c50de7bb2 + + + +**That’s an average close price of $4.9.** + +**7M shorts were added to BBBY’s short basket at an average price of $4.9.** + +BBBY is currently at $10 after hours. **7M shorts are sitting on over 100% loss.** + +&#x200B; + +https://preview.redd.it/m4bv8sub4rg91.png?width=704&format=png&auto=webp&s=09671f8cb013cbf29b2845fe233428de8687e6dd + +Keep in mind in my previous post I shared that I don’t see any evidence of covering. + +Now, let’s look at [BBBY’s price between 7/15 and 7/29](https://finance.yahoo.com/quote/BBBY/history?period1=1657843200&period2=1659312000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true): + +&#x200B; + +https://preview.redd.it/i3p4jxe84rg91.png?width=975&format=png&auto=webp&s=7cfae153a8f11ef2b7e993c2a8edf1fe5a7f1cf4 + + + +**That’s an average close price of $5.08.** + +**500K shorts were added to BBBY’s short basket at an average price of $4.9.** + +## Summary: Shorts R Still Fuk + +So, **7.5M shares were added in a month at an average price of $5,** there’s **no evidence of covering,** and **they’re sitting on a 100% loss at current prices.** + +Yeah, I’m going to see how this all plays out. + +&#x200B; +**As of posting this, in the HK market, BABA is down 5%, BIDU is down 6.2%, TCEHY is down 4.5%, JD is down 7%, BILI is down 8%** + +China’s market regulator issued draft rules on Tuesday aimed at stopping unfair competition on the internet, as Beijing continues its broad crack down on the country’s technology sector. + +The rules published by the State Administration for Market Regulation (SAMR) cover a wide range of areas from prohibitions on the way companies can use data to stamping out fake product reviews. + +Chinese listed technology stocks in Hong Kong fell sharply on that news. Gaming giant Tencent was 3.5% lower in late morning trade, while e-commerce giant Alibaba fell 2.5%. + +SAMR’s latest rules continue Beijing’s regulatory assault on China’s technology giants. + +Here are some of the other key rules outlined: + +Operators should not provide false data, such as the number of clicks on a piece of content; +Operators should not conceal negative reviews and only promote positive reviews; +Internet platforms should not use data, algorithms and other technical means to influence user choices, or other methods to carry out so-called traffic hijacking. This is where a company looks to redirect a user to their own website or service while they’re browsing another; +Operators should not use data and algorithms to collect and analyze competitors’ trading information. +SAMR said it could hire third-party institutions to audit data if an operator falls foul of the rules. + +SAMR said it could hire third-party institutions to audit data if an operator falls foul of the rules. + +The regulator is seeking public opinion on the new rules until Sept. 15. They have not yet come into effect. + +However, SAMR’s draft rules highlight the market regulator’s push to tighten the laws around antitrust and competition. Earlier this year, the authority promulgated antitrust guidelines for the so-called platform economy. + +The regulator has also been taking action against China’s technology giants. + +Alibaba was slapped with a $2.8 billion fine in April as a result of an anti-monopoly probe, and SAMR is currently investigating food delivery firm Meituan for “suspected monopolistic practices.” + +And last month, the SAMR blocked Tencent’s plan to merge video game streaming sites Huya and DouYu on antitrust concerns. +Ok. I've been forced to stop work for 5 years now. One of my main things to save money is making cheap meals that actually fill your stomach and body. You guys share stuff like that here? +I would share mine as well. I got at leaat 10 go too meals for under 2$ a person. We're 5 at home abd we try to keep groceries under 800$ a month. +https://www.marketwatch.com/story/ford-is-first-auto-maker-to-warn-of-lower-sales-but-unlikely-to-be-last-2020-04-13 + +Stock is down 5% today after a big bump last week, but is this surprising to anyone in any sense? + +GM is also down around 5% at its lowest today, which of course means TSLA is up 11%. + +For the dividend memers it's now sitting at 11.76%. + *"I don't believe a second, compatible implementation of Bitcoin will ever be a good idea.  So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network."* + +&#x200B; + +\~Satoshi Nakamoto + +&#x200B; + +Source: [https://bitcointalk.org/index.php?topic=195.msg1611#msg1611](https://bitcointalk.org/index.php?topic=195.msg1611#msg1611) + + +Before anyone goes reeeeeeeeeeeeeee, I must point out that many of these Gamefi tokens are under development and. This article will mention these games for a variety of reasons, from good earning opportunities to interesting investments, all the way down to the simple fact that 'this game looks dope as f\*\*\*'. In addition, I of course want to highlight a variety of upcoming games, so I won't be repeating Axie Infinity, Alien Worlds, Sorare, Crypto Royale(on my pinned bar) which are here every month. + +**Mobox: MoMoVerse – formerly DeFi, now becoming GameFi** + +*Market Cap : $500 Million* + +*Went live: April , 2021* + +*Exchanges:* [*Binance*](https://coinmarketcap.com/exchanges/binance/)*,* [*Bitget*](https://coinmarketcap.com/exchanges/bitget/)*,* [*Gate.io*](https://coinmarketcap.com/exchanges/gate-io/)*,* [*HitBTC*](https://coinmarketcap.com/exchanges/hitbtc/)*, and* [*ZT*](https://coinmarketcap.com/exchanges/zt/) + +On December 6th, Mobox will launch the first phase of the Mobox MoMoverse. Through a daily quest system with play-to-earn mechanics, Mobox NFTs become avatars for daily quests. Alpha players will be able to test MoMoWorld and receive MBOX rewards. + +In addition to an NFT marketplace, the official version will be launched once the open Alpha is completed. One of the GameFi products on the market that has consistently built and grown its ecosystem since its launch in April is this one. You shouldn't expect anything like an MMO just yet, but it seems like everybody's creating virtual worlds nowadays. + +***KXA –Kryxivia Bring Fantasy Play-to-earn MMORPG GameFi to the next level*** + +*Market Cap : $2 Million* + +*Went live: December , 2021* + +*Exchanges: PancakeSwap (V2), MEXC, Decoin, and BakerySwap* + +[kryxivia.io](https://kryxivia.io/) is a fantasy play-to-earn 3D MMORPG that can be played directly in any modern browser. + +By playing Kryxivia, you can earn Crypto-Currency and unique NFT, build your own character, fight bosses in dungeons, stake your currency in the bank, loot from special items, and cast spells from magical gems known as Kryxit, which may be linked to items for accessibility. + +As it is in its early stages, you can also [stake your kryxivia](https://staking.kryxivia.io/) to get unique NFTs and participate in the closed beta test. + +**Doctor Who: Worlds Apart – First playable version coming before the end of the year** + +Reality Gaming Group and BBC Studios have not yet announced a launch date for [Doctor Who: Worlds Apart](https://doctorwho-worldsapart.com/), but the first playable test version will launch this month. To participate, you'll need a Founder Token. This month, the team plans to hold a new sale for Founder Tokens, but no details have been released. + +**The Sandbox – An open alpha for all, and play-to-earn for some** + +*Market Cap : $5 Billion* + +*Went live: March 2021* + +*Exchanges: Binance, OKEx, CoinTiger, FTX* + +Anyone who owns an Alpha Pass NFT has access to The Sandbox's play-to-earn segment. It's finally time for players to dive into an early version of what The Sandbox will be. The majority of players will not have access to the earning mechanics, but they will get a taste of what The Sandbox will be like when it's complete. You should give this one a try if you're into play-to-earn gaming. + +**World of Sipheria – SIPHER is coming, NFTs are here, but no game yet** + +We expect to hear a lot more about the World of Sipheria next year. For now the availability of two NFT collections will have to do. Each of the characters in these collections will become playable characters in the full game. On December 6th the team will have a public token sale on their website, so be sure to check that out if you want to be early. + +NFT in a VR environment enables a real-world experience with creativity & expression, facilitates socialization and the acceptance of feelings. + +**MEGA - MegaCryptoPolis- A mega project indeeeeeed!** + +*Market Cap : $14 Million (Fully Diluted)* + +*Went live: early 2018 (Yes you read that Live)* + +*Exchanges: Binance, OKEx, CoinTiger, FTX* + +A multi-blockchain city building strategy game that allows players from all over the world to collectively create a unique mega city. MegaCryptoPolis assets are cryptographically unique ERC-721 tokens that are stored in a player's wallet. + +Smart contracts run the entire game logic, with each action resulting in a verified transaction on the blockchain. In MegaCryptoPolis 3D, players can rent buildings, produce materials that are needed by other buildings, create new generations of citizens, offer services to other players, place ads, and drive cars. +My income is good for my (relatively LCOL) area, but I spent the earlier half of my 20s being remarkably stupid with credit cards. I was born into poverty and when I finally had a decent income and a phat line of credit, I went a little too crazy and currently have about 30k in debt. It's mostly credit cards, but also medical debt and my car loan (which will be paid off in 9 months, woo!). A lot of "filling the void" due to depression and whatnot, but I only have myself to blame. + +I have a solution in place to pay down my debt, and it should be wiped out in a few years if all goes according to plan. In the mean time, over a third of my income goes towards paying off debt. After other bills and rent and whatnot, I pretty much just have space for the absolute necessities, with a little bit of leeway that usually goes towards whatever life decides to throw at me that month. I'm very thankful to have that. + +My wonderful boyfriend and I have been together for about a year. He makes much more money than me, and he does have student loans but no other debt. He has investments, savings, a great credit score, etc. He doesn't seem to have to worry about money at all. It's mind-blowing to me as someone who worries about money every day. + +He doesn't know how much debt I have, but he knows I have it and that it's a lot. He doesn't care, he doesn't blame me or make me feel ashamed at all. But it's still really embarrassing sometimes to have so little money to throw around. I don't know how to convey to him that things like energy drinks and takeout are rare special treats for me, not something I can afford multiple times a week. He suggested we go half on a new bed, but it would take months of saving up for me to do that. + +We take turns paying for things, and we've successfully steered us in the direction of eating at home 99% of the time so it's not so bad. I need to just be honest about how strict of a budget I'm on -- I know he'd be understanding. But it's just frustrating and humiliating. I thought I'd have a home by 27, not negative net worth. + +**Edit:** I wish I had time to reply to everyone, I've been reading all of your comments and I sincerely appreciate the kind words and encouragement so much. Hearing your similar situations and how understanding your SOs were is super helpful and comforting. I'm going to make the time sometime soon to explain my financial situation to him with more depth, if only for the sake of transparency. Thank you all! +Good evening everyone, + +Strange times. Was looking for a feels bar. I couldn't find a feels bar. so I'm opening the feels bar. + +The Feels Bar is Open. + +&#x200B; + +https://preview.redd.it/skc79o1rrc5a1.png?width=968&format=png&auto=webp&s=eb5c77b206e3ec5398847d297d658ebcf3dfff44 + +Welcome to the Feels Bar, + +come and share a thought, share a feel, take a feel, have a feel. + +&#x200B; + +as for me... feels like the writing is on the wall. I'm going to miss this subreddit when it's gone, according to reddit recap i spent over 3000 hours in superstonk in 2022. + +&#x200B; + +how about you all +Yes, I know many of us on this board are looking at the long run and don't care about day-to-day movements in the stock market. But watching the total stock market funds and individual stocks move up and down during the day is so interesting. + +One thing that has caught my eye today and other days recently are how the total stock market funds like VTI and ITOT can be up and steady for most of the day and then in the last few minutes of trading the stock market will crash. It moves more on the downside in the last few minutes of trading than the whole 6 1/2 hours it is open. What is happening? Why the sudden drop in the last few minutes of trading? + +It happened today (Thursday, December 30th) and a few other days recently. **What is it about the last few minutes of trading that causes so many abrupt market moves?** +A few weeks ago I purchased a set of knock-off Airpods from a website. Obviously after doing some research I found that I should have used another site, but I felt comfortable knowing that I used my credit card in case anything went wrong with the purchase. I received my fake Airpods after 10 days and was quite disappointed with my purchase and attempted to do a return. After speaking with their customer service they stated that the refund period ends 5 days after purchase, and the best I could hope for was a store credit. I stated to them as to how can it only be 5 days if I didn't receive the product until 10 days later, and on top of that the product was faulty. They stopped replying to my emails. I kept trying to contact them about a return but I finally had enough and told them I would be issuing a chargeback, and that is what I did with my credit card company. + +Now they have started to reply and have threatened me with sending me to collections, marks on my credit score, and posting my personal information on Reddit. I have all the email threads saved and I assume their customer service is just run by one person, as once they found out I issued a chargeback the customer service rep's name disappeared from future emails and the person at the other end started to become very irate with me and calling me names. I've submitted a complaint to their eSolutions partner but further than that, I'm not sure what to do. I submitted an FTC complaint but I highly doubt that will have any impact. Should I be concerned about any of these threats? +Disclaimer: If you aren't for the NFTs, no problem. I'm not making fun of that. I'm making fun of the fact that people are so pissed off that other people like them + +Like, people are so pissed all over Reddit. It's like they have an allergic reaction. Hell, some didn't even know, but once they found out got butthurt about it. It's almost irrational how annoyed people are. Like, they call it a jpeg, but treat it like some massive inconvenience to their life. + +&#x200B; + +[An entire subreddit wants people to stop using them, smh. I was severely tempted to post in the sub just to troll, but decided not to](https://preview.redd.it/qm9izietuxj91.png?width=1213&format=png&auto=webp&s=f816d4017b631a7a8caf65664a54f9df1b3b1a85) + +And there are these ridiculous things + +&#x200B; + +[Tell me you don't know how NFTs work without telling me](https://preview.redd.it/7gf4ix81vxj91.png?width=559&format=png&auto=webp&s=b5bd617826ce9e7f6f496467064ab24ef036ef45) + +&#x200B; + +[A little childish. Like they were aiming to deceive you in specific?](https://preview.redd.it/1z82g0h9vxj91.png?width=739&format=png&auto=webp&s=ccb754b8419ec7f6ead01bc283dffec82776feaf) + +Like, I'm no one to disparage anyone's taste, but this is when it becomes funny. + +Like, yes, they are pictures and gifs that people are buying for real money. WE KNOW. It's part of the joke that these types don't get. + + +Edit: Holy shit this blew up. Thabks for the awards! +My mother passed away when I was in high school and my dad passed away in 2013. I have a net worth currently of about $700k with most of the funds being controlled at Charles Schwab (IRA's with a portfolio manager) and at Fidelity. +The rest of my parents' money is in a trust that is designed to pay out larger amounts at age 25, 30, 35 and 40. +I am a full time college student and have a 529 UTMA that is controlled by the executor of the trust (my aunt.) + +I want to have more of a grasp on my money on and my future options and would like to sit down and talk to someone that can be an unbiased 3rd party. What should I be looking for? CFA? + +Also, because I am 22 (soon to be 23,) should I have complete and total access and ownership of the 529 UTMA? Currently I have to email my aunt (the executor on the trust) and ask her to reimburse me from my own 529 for my college expenses. We are not on great terms and it is awkward because she tries to involve herself in my personal life and can make it difficult to ask for money. She is very judgmental and in the past I have actually paid for books and school >$2500 and waited 3 months to reimburse myself because I don't like talking to the woman. + +I really don't know what I'm doing :( +I've read through the FAQ's and a ton of other threads like this but I still feel lost and intimidated. + +EDIT: Also, I'm being sued by a couple over a car accident from two years ago and I have an insurance-company-appointed attorney. Do I need an asset protection lawyer? I'm sorry if this sounds stupid but I am so intimidated by all of this. +I will never understand why some people put few k $ or even much more in some random shitcoin. Some of them even go all in one coin and ignore everything else, cause they think it will make them multimilionaires. It is terrible idea to do it. I am risking 10/20$ if I gamble on shitcoins or memecoins ( also not more than 10% of my portfolio). I like it, cause at worst case I lose 10/20$ and at best I will find next x100 or x1000 coin. I would never put everything in it, like unfortunately many people do. If you have few k$ or more then invest in safe coins, divide it into BTC, ETH and some altcoins. At least you do not risk they will be rug pulled or go down -99%. + + +I think those people wake up one day, accidentaly read about some shitcoin in the internet and decide it is good to put everything they have into it. And later they act suprised if coin is scam, rugpull or just go down like most coins do. Sometimes of course it work. But either oerson that put few k are milionaires, so they do not risk much or they had dumb luck. Many people YOLO their homes or lifesavings into shiba over last few months. They are rich as hell now, but it doesn't change that they acted like gambling addicts or idiots. For every dumb luck milionaire is hundred dumb people that lost everything. +And no, no one in crypto will feel any empathy if you will do anything like that. We saw it too many times. It is natural selection. If you are bad investor or have no experience you should learn more, not put more money. It should be obvious for anyone. + + +I understand sometimes we are curious about some coin or have good feelings about it without any reason. Doing this instead of proper DYOR is bad strategy in crypto, but if you really want to check what will happen invest 10/20$. In worst case you will learn a lesson to never listen to hour feelings when you invest. Or you will be lucky. If you will be lucky it doesn't mean you should put more money into it. No one know future, everyone would be rich if we could predict future profits. +Congratulations, you were asked your opinion on something for the first time in your life. + +Instead of making a new thread, please post your questions here. (E.g. "Which crayon do I fill the form with?") +I want to kind of lock like 30/40k away and watch it go up overtime. Rather than having it sit and do nothing in my everyday bank account. + +What would you do? + +Thanks! +What are your thoughts on teaching as a career? + +I know that a lot of people think it sucks and that the hours are long, but I know some friends who have worked in the public education system as teachers who have managed to do quite well for themselves. One person I know is a Deputy Principal earning about $135K a year, in a role which is extremely stable. All of the teachers I know quite enjoy the teaching and marking. + +I know one guy who worked in sales who was on $57K a year (with 40K commissions on top of that) and he said it was a constant nightmare, with constant threats of termination or reduced hours hanging over his shoulder every waking minute. He did face-to-face and telephone sales and was constantly monitored and pushed to perform. + +I also know people who work administrative jobs or work in finance or accounting who are busting their backs doing insane amounts of complex work. Very heavy pressure from higher ups to perform. + +And yet all of my friends in education seem to be having a fairly easy time. Yes, I am aware the job has its stresses, but the impression I gather is that there is little to worry about. You aren't working for a corporation that is trying to extract every bit of energy from you to maximise its profits. + +Just my 2 cents though. Not saying teachers have it easy. But from talking with my friends they seem to love my jobs, whereas my friends who are in tech (and earning more money) seem to hate their work. +This is definitely an unpopular opinion and I’ll probably get downvoted to the pits of hell especially so in this sub-reddit for saying this but please don’t - hear me out. + +“Not your keys, not your crypto” is definitely a mantra chanted over and over again in this sun-reddit but I’m of the opinion it is not for everybody. In fact, not for the large majority of retailer users, and that includes many of us here. + +So many people lose their keys or coins the moment they take it off exchanges. They get hacked, scammed, phished or even physically robbed in real life - It happens a lot. You hear about it without fail every single week in this sub reddit. + +The attack vectors for cold wallets are plenty as well, from the day you received it is it a compromised or fake hardware device? Did you download the right software? Every time you updated the software, did you update the legitimate software for your hardware token? + +Even after you’ve set up, the attacks are ongoing… What if you download a malware in the future on your desktop, dusting attacks, accidentally interacting with a malicious smart contract. + +Physically, the risk is there. Your seed phrase on the metal sheet can be stolen in a break in. You could lose your seed in a fire, or it gets compromised in someway. + +More gets lost in self-custody than on exchanges. + +I’m of the opinion, it is wiser to spread your crypto in the top CEX like Coinbase, binance, Kraken, Gemini and FTX. Secure it with 2FA, 3FA, 4FA with one of them being a physical key like the yubikey. + +Please don’t downvote me, but I think this needs to be acknowledged rather than just NYKNYC. +Let’s go boys, have a feeling that the 2017 bull run is going to look like child’s play due to the uncertain global situation, PayPals big news, and recent halving. Be on the lookout for other payment processors adopting similar strats as the market leader (PayPal) leads the way. All panning out to explode bitcoin. I actually went to the fucking zoo today, only saw bears, let’s keep them in those cages. #bullsontheloose +Let’s go boys, have a feeling that the 2017 bull run is going to look like child’s play due to the uncertain global situation, PayPals big news, and recent halving. Be on the lookout for other payment processors adopting similar strats as the market leader (PayPal) leads the way. All panning out to explode bitcoin. I actually went to the fucking zoo today, only saw bears, let’s keep them in those cages. #bullsontheloose +Hi all, I'm in Texas. + +My partner is working $15/hr at Lash Lounge, her position is part time but she works 80 hours every pay period. At first, she was working 36 hours per week but it slowly started creeping towards 40 and even past 40. Her wages weren't adding up so she decided to track them her self, she's quite meticulous and notes as soon as she's in and as soon as she's out. + +One evening, she clocked out at 8:54pm and noted it in her personal log. Upon arriving for work the next day she noticed her clock out had been changed in the company computer to 8:30pm. Only the manager and owner have access to change the logs. +This has happened several times. + +After tracking her hours for the last pay period, she tracked that she worked 85 hours. **Her paycheck was for 80 hours.** She went back in through the clock in / out logs and there was a discrepancy of 2 hours between her logs and the company logs. The computer said she worked 83 hours but her personal logs said 85, presumably from the 20 mins from the end of her shifts that are taken off by the manager or owner. Either way, she was only paid for 80 hours. Officially missing 3 hours from her check, unofficially missing 5 hours due to altered clock outs. + +I know this is wage theft, what can we do? Can my partner use her personal logs as evidence of wage theft? She deserves to be paid for 85 hours. + +Or is the discrepancy from the employee computer the only evidence she can use? 83 hours to 80 hours. + +To rub salt in the wound, there is an informational poster in the break room that says all hours over 40 are paid overtime. +**UPDATE**: see [this post](https://www.reddit.com/r/personalfinance/comments/vm1v0e/update_on_the_cellphonevenmo_scam_that_i_fell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) Venmo credited back my money. + + +Full disclaimer: I was stupid for not putting a PIN or Face ID on my Venmo app. I swear that I had the PIN/Face ID option turned on, but for some reason it is not. + +Story: I was at an outdoor shopping center yesterday, and some guy asked me to take photos for him, and I did. And he then asked me if I liked hip hop, and I told him, yeah, I am into some artists. He then asked me to add him on IG. As I took out my phone and opened up my IG, he told me to let him add him on my IG app, and I \*\*stupidly\*\* gave him my phone -- I didn't think much at the time because it was a busy area, and I definitely was more thinking he wouldn't just take my phone and run away. Unbeknownst to me at the time, he opened up my Venmo account and transferred $2,000 to his Venmo account. I only realized what happened this morning. + +Since I've done so far: + +1). Reported the incident to Venmo. The customer representative opened a dispute. But from what I've read on Reddit, it seems like the odds of them ruling it in my favor are slim? + +2). Talked to my bank, but I was told a dispute can only be opened until the transaction is complete because it is still pending, and they cannot stop the payment + +3). Talked to the local police department on the phone and I was told this is considered a "grand theft". I left my contact info and was told someone will contact me to take a report (or if I want, I can drive to the station to file a report). + +Are there other things I should do in the meantime, or is this just a matter of waiting? What additional recourses do I have for this? +Veteran apes may know, but I’m sure we have new apes in the fold. We need to get back to basics. + +Don’t paperhand by mistake and get left behind, remove your stop losses. + +Hedge funds will undoubtedly be hunting for stop losses to knock you off the rocket. Don’t get left behind 🚀🚀 +Recent posts here have mocked outright the guy who took a risk and made a million dollars on dogecoin. + +So what if he is down from that million? Could it hurt anyone to congratulate the guy instead of poking fun at his misfortune? I mean he is still up 250k and never sold. I don't know about you, but that is more money than I have ever made in crypto and the guy has genuine balls to risk 250k early on Dogecoin. + +And incase you didn't notice, the whole damn market is down at the moment not just memecoins. + +Yes he took a risk and yes i wouldn't recommend anyone invest that much money on a memecoin, but it paid off for him and isn't the whole damn point of investing in crypto to MAKE money? + +We should be uniting people in the crypto community not dividing them by making fun at them. I for one am happy for him. If he becomes a future multi millionare doge holder I hope he sets and example by being humble back to those smug people who relentlessly poked fun at his misfortune. +I used to deliver food using many apps, like door dash, Uber eats, skip the dishes. I managed to get a line of credit from my bank, and using that along with 2 credit cards, I was able to "afford" truck driving training course. Well, that was last summer. It took me a little more than a month to find a good job with this, and today, I paid off all the debt. It was a big risk obviously. The worst case, my credit would be destroyed. But my income tripled as a result, and now I have health insurance and can afford a normal life and can realistically think of things like vacations, investing, mortgage, etc. It's a very strange feeling lol. +Got a new job and am finally catching up on bills/life. I have $5.24 in my account, but my direct deposit hits tonight and I won't lose $35-70 for the first time in months (often going negative hundreds for rent/car etc...) + +Now trying to save as I have to apartment hunt in 2 months... +TLDR: Looks like Melvin did close their position, but it wouldn’t affect the squeeze. + + +DD: + +I dug up Melvin SEC filing and saw that they have 5.4M GME shares put in Sep (an increase from 3.4M shares in June) https://sec.report/Document/0000905718-20-001111/ +Most likely their short position is around the same or up to 7M in December, but I doubt they have a much larger position than that. + + +Melvin claimed that they covered their shorts on 01/27. GME’s price on 01/27 is ~$360, so it cost them about $2B to $2.5B to cover. This matches the bail they got from Citadel. Also LB, one of Melvin’s top holdings had a violent dip on 01/27 - this could mean Melvin had to liquidate some other positions to cover. Melvin has another SEC Filing due Feb 14 for December, so we will have a better idea about their number. + + +S3 reports that short interest reduced by 5M shares https://twitter.com/ihors3/status/1355194252674953219?s=21 on 01/27. This matches with the shares Melvin covered. + + +This means there are still 58M shares that are not yet covered. What we are seeing in the last couple days are the tip of the iceberg, the squeeze will be much more violent in the next couple days if we 💎🖐 + +I don’t think that many of these are new short positions because: +1. Shares are incredibly hard to borrow at this moment +2. Hedge funds tend to target low risk high ROI stocks. This means easy/cheap to short shares with negative sentimental + + +Bottom line: hold on tight 💎🖐 because we’re gonna go for quite a ride 🚀 🌕 +My price target: $20k + +Not a financial advice, just why I like the stock. +Purely my opinion, i don’t even know how to balance my checkbook, not FA. + +Something like a Monkeypox (convenient name for the outbreak might as well call it apepox), escalated emergency in war, catastrophic disaster or something that everyone in the world would look at before the bomb is dropped. + +The Hedge funds need the media to align and and distract the people away from what is going to happen. Because too many eyes would be too harmful. When will that be? Who knows. But definitely tomorrow. + +I think hedge funds are so desperate that they are just waiting at the right time. + +Hope you enjoy prison Ken Gabe Steve and gang. +I have so much more money now, I was able to start a savings account. I'm way too old to be starting now, but better late than never! If you're poor, and you smoke, you're making it worse. It's so hard to quit, but you can do it! To be completely honest, I did buy one of those vape things, but the savings is ridiculous. + +The vape pens from gas stations are terrible. Invest in something decent that tastes good to you. That's where I failed all those other times. Just a tip. I spent $60 on my vape device and a bottle of oil, versus $80/carton twice a week. The juice stuff lasted about a month so far. It has literally changed my life. +Hello fellow fatties! Early 30s, low 8 figure net worth.... + +&#x200B; + +For those of you with large net worths and families/dependents - how do you approach it? Do you have a carefully planned estate where life insurance isn't a major factor? Or you have an active policy to cover your spouse and kids? Just starting to think about this stuff.... kinda scary contemplating your own mortality but I want to make sure my household is covered. +With $4000, I was thinking of buying 1 PYPL $200C expiring in January 2023 and 3 ATVI $70C also expiring in January 2023. I’m also interested in OPEN $20C with the same expiry but lean more towards ATVI. I’m a little reluctant to go for a far OTM and not so sure I should just start from ITM. I never have bought a LEAP before. Advise please. +Does anyone else feel poorer every year even though salary is largely the same? I get that it's inflation but the rising cost of living seems to grow far more! + +It feels like these companies that are selling us stuff are pushing the limits all the time and seeing what the breaking point is for people. It's no longer about serving the customer, it feels like it's about maximising profits while they tell us they are our friends through cute advertising and PR campaigns. +Long story short, I sold an item on eBay and the buyer wanted to return it because it was “faulty”. The box was returned completely wrecked with nothing inside. They got their refund and I’m being chased by eBay to pay them the £70 I got for it. + +It looks like eBay have sold the debt off to DRS who have been texting/emailing/phoning me pretty much every third day for the last 5/6 weeks. + +I exhausted all options with eBay before they sold this off and they told me to pay it, because I can’t prove I didn’t get the phone back. I flat out refused to pay the money then and still am now. + +All that aside I guess my question is what are the chances DRS take this further or will they eventually back off? +I live in a council flat, obviously now all the bills associated are goi g to be solely on me. We had a joint universal credit claim, I don’t really know how any of this works and I’m lost and I’m scared +I'm not trying to toot my horn but this subreddit has been for a while now somewhat depressing with 'help, i'm losing everything' threads so i thought we could maybe brighten up the place with our success stories or just stories of average joes making ends meet with what they're doing in life. i'll start. + +24 yr old healthcare professional here. Out of most people I know from highschool, i'm doing the best out of them so far in the means of financial stability. I work...a lot! I have countless opportunities to work overtime at the hospital and if I know an expense is coming up i'll gladly work overtime. My car is paid off, I have zero student loans by working full-time while going to school full-time (it killed me, but i made it) and I live well within my means. I also have a side business with my wood working hobby and all of my tools and supplies are paid through the profits i make though it. I have a 401k and i put away 6% and the hospital matches my 6%. It's nothing special, but at least it's a start. I put the rest aside for small investments and give some for my aunt to play with (she's a successful investor and has lived off her investments for a long time) + + Most people my age are nowhere near to saving anything at all. So it's nice to see my bank account with numbers in front of the zero's. I've worked hard to have a happy lifestyle and financial situation and I've learned a lot from this subreddit (long-time lurker) +I think the best thing I've learned is to not be egregious with my funds and only buy things i absolutely need and live within my means and not step out of bounds. I drive a decent car and live in a decent house and that's all I need for now. As the farmer from the movie Babe says, "That'll do, pig. That'll do." +I would love to hear other peoples stories of success as well. + + +Edit** Thanks everyone for the awesome stories. Keep them coming!!! + +Edit 2** holy wow. Thanks for all the replies so far. I wish I could respond to them all +Just in case today's market silliness turns into a full blown correction, a reminder to all us FI'ers out there, don't sell when you see you investments losing value. You can't time the market and this is what we plan for in the good times! If you planned well during this good times, it'll all work itself out! +Referring mostly to property value - I see a lot of houses with the bare minimum (no tiling, no built in wardrobes, lowest spec kitchen) but the price for those houses are on the same level as the ones with fully done up houses? + +The ones with extras look so much better but the price difference just isn’t there. + +This is also assuming you don’t do something weird like paint things all sorts of colours and make a disaster, just keep things neutral. + +It’s probably worth it for me on a personal level, but if I have to give up £10k in return for a negative return then I’d consider missing out and enjoying the £10k. +What would you do? + +We will shortly come into 200k in inheritance. If we put this on our mortgage, and continued paying it off, we could be mortgage free by the end of 2025. We wouldn't yet be 40. + +However, we are debating moving interstate to be closer to our families. It would be great to have more social support as we have no family where we currently are and only a few friends as we haven't lived here long. + +Houses where our families are moving are considerably more expensive than here, so our mortgage would certainly be greater and it would take us longer to be mortgage free, even with the inheritance money. It's likely we also wouldn't be able to live in as nice an area or in as comfortable a home. However the lifestyle is lovely there. + +If we retained house A and used the inheritance as a deposit for house B in the new state it would obviously be a much higher debt burden. + +But even selling house A, we would be unlikely to secure a similar property in the new state without a large mortgage. + +So, which to pick? Try and focus on becoming mortgage free? Or move to be with family to make the most of our time together and accept a larger mortgage? I'm mindful my parents are getting older and tomorrow isn't guaranteed. +Edit: thank you everyone for the great advice, I really appreciate it. Going to look into investment options with lower fees and also bonds and trusts to see what will suit our circumstances best. + + + +I have a nearly 4 month old baby. I want to do the best I can for him now so that by his early 20s he has some wealth to build off. I don’t make mega dollars and am not a money genius like some but I’m always trying to grow my income, savings and investments. + +Right now I have one of my savings accounts dedicated to him, and just accessed a promotion to get an additional 2.05% for 3 months. I put between $100-150 a month in this account. + +I also use Raiz, so started a Raiz kids account for him. I have about $500 invested for him so far. I invest $60 a month for him and the odd extra bit here and there. + +I’m probably going to change this balance and pop $50/m in the bank and $100/m in investments. I’ve just had a lot of long tired nights and kept these thoughts on the back burner. + +I’d love to know if there’s anything else I can do for him? I’d do anything to be the financially responsible parent my little lad deserves. +Getting an algorithm to enter a trade is the easy part. Getting it to exit at the right time however is not. What are some strategies/indicators that you use to exit a trade before profit is eaten up. +I'm surprised Toyota stayed quiet for so long, but looks like they've been working on some pretty cool tech that blows everyone else out of the water if indeed it's launching in less than 2 years! + +I specifically find it crazy that QS seems like a lab experiment to be released in 5 years with a $26B market cap. Also this should give some perspective that Tesla doesn't seem to have EV market leadership nailed down by any means. + + +https://asia.nikkei.com/Business/Technology/Toyota-s-game-changing-solid-state-battery-en-route-for-2021-debut +[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/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +This should go without saying but if you hold even a fractional fucking share of either company, you should be raising some serious hell with the SEC, local Congress reps , investigative journalists, influencers and any one else you may think will listen. + + +Its quite simple. The HF's overplayed their hand, and they got caught. So bad in fact, that they are DESPERATE to unwind their positions at any and all costs. + + +There are 8 million people in this sub now. Imagine if each one of us sent a complain to the SEC. How on earth could they ignore us? My opinion is that we have not done enough campaigning of our own to educate people about what is going on. Of course all of WSB is familiar with the blatant manipulation, how about your FB friends? How about Twitter? Stocktwits? Other investing forums? That journalist you went to school with? We all have a voice and we NEED to use it. + +We are being owned in the media, and they are controlling OUR narrative. All people are hearing is that a bunch of punks on WSB bought a bunch of shitty companies making the stock rise and they are all going to loose their money, cause another financial crash, and kill your 401k. Is that what we did here? Or did we discovery that some HF's fucked up so badly due their ungodly greed that they themselves risked blowing up the ENTIRE financial institution (again) and are breaking every law conceivable trying to bail themselves out? + +That's the message that all 8 million of us should be spreading right now. I full expect each and every one of you to write to the SEC about what is happening. The HF's may have the money, but we have the voice! + + +*"If you ever thought you were too small to make a difference, try going to sleep with a mosquito in the room"* + + +TL/DR: Write to the SEC about what is going on. Use your voice to set the narrative straight and do not give up the fight! We should be controlling our narrative. We do that, and its GME-OVER! +my boyfriend has an interesting stance on student loans, hes just finished a seperate masters degree and now has masters and undergrad loans. his stance is there is no point trying to pay off student loans and that you can do more having that money available to spend and just pay what you need to. the idea being that that is the tax on getting educated that yu must pay that ammount every month but other than that theres no poit trying to pay the loans off faster cos they dont affect credit score and are written off in 30 years anyways. in this situation is there any reason to pay more to try and pay off student loans? or just pay the minimums where either youll be earning so much its inconsiquential or just just some regularly bill you have to pay for 30 yrs, especally since its deducted from pay direct + +&#x200B; + +edit: i too have undergrad loans its just his stance which differs from my parents in that regard +&#x200B; + +https://preview.redd.it/myqj5zm8hh171.png?width=1214&format=png&auto=webp&s=31e612335e5ea21fd67cb711fb922a87e823e326 + +**In the** [hearing that is going on right now with all of the CEOs](https://www.banking.senate.gov/hearings/annual-oversight-of-wall-street-firms)**of the major banks, it was pointed out that over 2.1 million mortgages are seriously delinquent, meaning they are behind more than 90 days.** + +[To compare this to 2008](https://www.federalreserve.gov/pubs/feds/2008/200859/200859pap.pdf): + +>The mortgage market began suffering serious problems in mid-2005. According to data from the Mortgage Bankers Association, the share of mortgage loans that were “seriously delinquent” (90 days or more past due or in the process of foreclosure) averaged 1.7 percent from 1979 to 2006, with a low of about 0.7 percent (in 1979) and a high of about 2.4 percent (in 2002). **But by the second quarter of 2008, the share of seriously delinquent mortgages had surged to 4.5 percent. These delinquencies foreshadowed a sharp rise in foreclosures: roughly 1.2 million foreclosures were started in the first half of 2008, an increase of 79 percent from the 650,000 in the first half of 2007** (Federal Reserve estimates based on data from the Mortgage Bankers Association). No precise national data exist on what share of foreclosures that start are actually completed, but anecdotal evidence suggests that historically the proportion has been somewhat less than half. + +Look at the numbers. We are fucked. + +Hopefully someone can get a screen cap of the statement. It was one of the first 3 senators who pointed this out. + +My personal opinion: is goes hand in hand with the growing numbers in reverse repos. The banks need collateral since the mortgages are about to go belly up, hence being worthless. + +More than 8.2 million homeowners are behind: [https://www.usda.gov/media/press-releases/2021/02/16/biden-administration-announces-another-foreclosure-moratorium-and](https://www.usda.gov/media/press-releases/2021/02/16/biden-administration-announces-another-foreclosure-moratorium-and) + + 2.1 of them behind more than 90 days. + +**TLDR: 2008 reloaded. The housing market is about to blow up.** +I work for a hospital system, but make enough that I still qualify for my state's Medicaid expansion to cover myself and my wife. + +My coworker, who is full time and has been paying their premiums out of her paycheck over the last eighteen years, was seen in the ER a few weeks ago, and just got the bill for her copay. + +Her copay, as an employee with medical insurance provided by the company, is $500. + +Someone from billing came down to talk tomy coworker about programs to help with financial hardship. I was included in the conversation, just in case I ever need the information. The person from billing agreed with me when I said that it was better to work fewer hours, have the expanded Medicaid coverage, and not have to worry about any of this. + +So, yeah, sometimes it works out if you're a little on the poor side. The benefit gap is a major hurdle, and I don't plan on trying to cross it for a while still. + +Edit: I got Medicare and Medicaid confused, and have corrected it now. +https://github.com/nanocurrency/nano-node/milestone/19 + +Finally hit 100% complete. For those that don’t know this update is a fix to the spam problem nano was facing few months back. + +It works by giving less priority to transactions that send dust amounts. +Basically, trying to make an extra 400-500+ per month, but need a completely flexible schedule. So jobs with set schedules are out. + +I already rideshare, and not sure I could do real estate (I had a hard enough time selling cars). Also not really artsy, so stuff like Etsy is out. + +Thought about doing a parking lot trash collection side hustle for businesses, but doubt there's any market for it. +Hey y’all, + +So right now 90+% of media coverage is negative for crypto and BTC in general. My wife (who knows about our crypto and is a well educated and financially literate person) actually asked me today if “Bitcoin went bankrupt” because she saw some news articles claiming that crypto is dead or bankrupt. I had to basically explain that FTX and recently blockFi filed for bankruptcy but you can’t actually have BTC go bankrupt because it’s not a business. We then had a fairly interesting conversation about how BTC is mined and why it’s actually different than a bank and how it’s free from any central authority. + +I feel like the overwhelming majority of people who aren’t big into crypto will just see the recent headlines and interviews just as she did and make a similar assumption, that BTC is a company that is basically dead/struggling. It only took 5-10 mins to clarify all that, so if you encounter someone who is conflating the news with fact try to explain the reality of the situation. It can go a long way for some people. +💪 **$Berserker (BERS)** 💪 is stealth launching right now, super low market cap, the contract is **AL**L **SAFU** all links are provided below for your safety! + +&#x200B; + +***Berserkers were a special group of elite Viking warriors who went into combat without traditional armour.*** *When going into battle they did not need armour just a shit tonne of shrooms and animal fur wrapped around their shredded Viking bods like the chads they were, before slaying the incoming virgins trying to take over their lands.* ***Join them on their journey to take over the shit coin world!*** + +&#x200B; + +**📖 Address:** 0x81Ca864c9BCb47FF6922496AecFc303e1b9548D5 + +&#x200B; + +**💥 Telegram:** [https://t.me/berserkerbsc](https://t.me/berserkerbsc) + +&#x200B; + +**🥞Pancakeswap:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x81Ca864c9BCb47FF6922496AecFc303e1b9548D5](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x81Ca864c9BCb47FF6922496AecFc303e1b9548D5) + +&#x200B; + +&#x200B; + +📈 **Chart:** [https://charts.bogged.finance/?token=0x81Ca864c9BCb47FF6922496AecFc303e1b9548D5](https://charts.bogged.finance/?token=0x81Ca864c9BCb47FF6922496AecFc303e1b9548D5) + +&#x200B; + +**🔐 Locked Liquidity:** [https://deeplock.io/lock/0x5407ced1f496b82c57ccbbabc43eeba7c433530d](https://deeplock.io/lock/0x5407ced1f496b82c57ccbbabc43eeba7c433530d) + +&#x200B; + +**Tokenomics:** + +&#x200B; + +*🔥 70% Initial supply burnt* + +&#x200B; + +*✅ 8% Goes to the liquidity pool* + +&#x200B; + +*✅ 2% Rewarded to holder on every transaction* + +&#x200B; + +Head over to $Berserkers Telegram to find out more, always do your own research and invest on your own accord. The developers over at (BERS) are very responsive and happy to answer any questions that you have! 💪 +His mother and I are divorced but would like to start something now for him that both of our families can routinely contribute to for holidays, birthdays, etc. Just wondering what the best option would be for him in terms of return over the course of the next 10 or so years. Ideally we would like to have something protected from future frivolity (can only be used for school related expenses). Thanks in advance. +I am a 34F just about to start a new job making $95k base (previously salary = $72k base). My monthly expenses are about $2k. I have about $40k is retirement savings and own my own home (condo). + +What should I do with my money?? Max out 401k, save for a home, pay off mortgage aggressively? + +Any advice would be greatly appreciated. Be well. +Have 350k left in our mortgage, currently at 2.85% rate but will adjust in 8 years. + +Wife and I combined make about 210k annually and i max out my 401k, both our Roth IRAs, my HSA and about half the max for my wife’s 401k. Two young kids, spending about $40k a year on daycare, eldest starts kindergarten in a year. + +I’m wondering with rising rates if it is safe to assume mortgage rates will be fairly high in 8 years so should we start aggressively paying down our mortgage now or keep adding as much as possible to retirement accounts to the max amounts, then move to taxable accounts when we are able to max everything? + +I’ve heard with how low our rate is it’s better to save for retirement versus pay more towards mortgage, but with rates higher now (and in 8 years) should we get ahead of the adjustable rate change in 8 years? +Edit: this post kept getting removed from r/personalfinance. + +Try to keep this as short as possible. I am struggling internally on how to manage savings/investment vs debt. A lot is due to my anxiety and possible gambling addiction (kidding, but semi-serious) + +We have $10300 in savings, another 17k +/- in a robinhood account. (not counting 401k) + +Total revolving debt: $20,051. Includes one large higher interest debt loan that needs to go ($9k) the test is credit cards/line of credit. Payments all totalled around $700 paying more than minimum on most. + +Also have a car payment of 430 and a mortgage of 1540 (going up $100 next year) . Not really worried about these as I view them (yes even the vehicle as a necessary payment). I'd like to get the vehicle lower but given the current vehicle market staying put is probably the best. + +Combined annual income is between 115k to 125k. We dont struggle to pay bills, so haven't been pushing ourselves like we should to pay off debt. Bad move, yes. Fwiw we are mid 30s with stable jobs and about 100k or more equity in our home as well. + +So here is the predicament. As I mentioned above I have anxiety about having debt, seeing the money available to pay off debt but at the same time wanting to keep waiting for that big gain again. I made out decent during the retail surge at the beginning of the year and got hooked. Since then I have lost a bunch and finally back in the green. + +Should we keep chipping away at debt, maybe pay off the high interest debt loan and keep investing the rest? Or cash out of the robinhood, pay off debt and still have around 7k in savings? I'm worried about a severe market correction and being relatively debt free might be a blessing if we have have another 2008 type crash. Then again, having 26k cash on hand might be beneficial as well. + +TLDR; cash out of investment to pay off all debt, or keep investing and pay off part of debt? +I'm 17M and want to get prepared for adult life. I've heard things about income, for example yearly rent should be maximum 30% of my salary, I think NY (where I live) income tax is 22% or something around it. + + + +What I'm getting at is how much money do I actually get to use freely, for whatever I want. If you want to do calculations, let's say 100,000 yearly salary (nice and even number). +No matter what options strategy that we discuss, there are good and bad about them. + +For me personally, the Wheel strategy has been a pretty good strategy. Below are the reasons [why I love the Wheel](https://alphapursuits.com/why-i-love-the-wheel-options-trading-strategy/). + +1) It doesn't require me to sit in front of the computer all day long + +2) It doesn't require my attention all the time + +3) It doesn't make me stressed out or drenched in adrenaline all-day + +4) It has a high win rate + +5) It's easy to understand and manage + +Do you have a different experience or anything negative to say about the Wheel? + +Any pitfall that you can share? +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? +Hi! I'm 23 and very new to understanding the finer details of finance. I may need to take out a personal loan to be able to afford some upcoming medical expenses. I had a quick look at the form I would need to fill out, and it said something about having evidence of good credit. So I diligently went to the Equifax website and requested my credit report so I could find out whether or not I have a good credit score. The report was unsurprisingly pretty empty, it just mentions that I looked at getting a credit card one time but didn't apply for it. + +I was pretty confused, because I thought that in credit reports included a credit score, but mine didn't have a number like that at all. Do we use credit scores in Australia? Google seems to think we do but the Equifax website doesn't agree. If we do use credit scores, how do I find mine? + +A loosely related question is: would a personal loan (assuming it's paid back on time every time) affect my credit? I've found conflicting information on this topic, too. +[https://np.reddit.com/r/Bitcoin/comments/hwldl/ok\_bitcoin\_users\_time\_for\_your\_first\_test\_will/](https://np.reddit.com/r/Bitcoin/comments/hwldl/ok_bitcoin_users_time_for_your_first_test_will/) + +I stumbled upon this 9 year old thread and wanted to share it with you because it's an amazing piece of history. Some of the comments look like something you would see on threads today. + +Here are some of my favorite ones: + +" I'm mostly kicking myself for not buying in when I first heard about Bitcoin 4 months ago when they were going for $1.. " + +And here we are complaining about not getting in at 3000$. + +" I've invested several tens of thousands USD in this to have a better life later on. " + +I wonder how many Lambos this guy owns now. + +"panic selling is a bad idea, this is the first real test though. " + +You said it, bro. If you only knew how many more test were about to come. + +" its crashing SELL SELL SELL " + +This was posted by u/deleted, no wonder. + + " how do you hold your coins? do you keep them in your mtgox account? " + +Sweet child of mine. +It has nearly begun.. you are jacked.. I get it but Shut the fuck up and listen. For a second. Then down vote - but read first. + +Most of us ( myself included ) have not earned a fucking thing yet. You have not bought your god damn gorilla a villa or your city a food machine or whatever it is your already planning. Most of us have not contributed to the amazing DD we have been blessed with. We did not make a brilliant options call long ago. But we feel like we did. It’s all bullshit - until right now. + +We are who we say we are. Nobodies, doctors, homeless, engineers, millionaires, everyday beat down fuckers, 08ist, the list is endless. That is why I’m still here. It’s a crazy - wonderful community. But most of us have not earned shit. You feel like you have as do I. But we have not. + +We have put ourselves in a position to earn - undoubtably, the question is now, after all of this, will you actually earn it? Do you truly have what it takes to follow through or are you the weak link? + +This is the real fucking deal and it is a once in a lifetime situation. It is still only just that. It will always be for the rest of your life either one of the greatest things you did or did not do. It’s that fucking simple. The next few weeks will be the time when the apes who could not contribute to the DD can take the torch and bring it to the finish line. + +The great researchers, writers and brilliant minds who brought us this far do not have much left to do and cannot do much more on their own. The rest is on us. We have won but the clock has not expired so it is far from over. We must do one simple thing and it has so many complex variables and implications that are well beyond us. + +Generations behind us will know how this ends and it will be studied for years to come. I for one am proud of the changes this already has made and will continue to bring. We are changing the world. + +To continue what truly has the makings of a generational transfer of wealth and finally a real change in the game to level the playing field for us and our kids, all we have to do is hold. + +JUST FUCKIN HOLD 🚀 +I've been in this since the original sneeze and have seen all kinds of TA writers come and go. It was fun to watch them but as time goes on I realize NONE of them have EVER been right. + +Warden, Elliot Waves, Dorito of Doom, Gherkinit, etc. etc. + +They're all wrong. Every single one of them. + +Just confirms my bias that our beloved stonk is so idiosyncratic because it's manipulated to all hell. + +There is one TA guy that I think is on to something and that's trading sideways guy. + +But even he'll be wrong someday soon when GME goes to Andromeda. + +Buy, Hodl, DRS 💎🙌 +This may not be as big of a deal to others, but it feels great to me. For 2019, we pulled Christmas out of my ass in two checks before the holiday. My wife and I didn’t do anything for each other but it felt good to be able to work together and pull something together for the kids. Additionally, my wife is a Christmas baby (born on 12/25), so she’s always got the shaft when it comes to bday presents. + +So I just moved my first $20 dollars into the Christmas fund for this year. I also started working on our emergency fund as well. It just felt like a win to be able to do this on my first check in 2020 and I look forward to changing my financial stability this year. My goal is to start saving for as many things as possible, months in advance to the event. I started using Simple bank last month and the expense/goals features have really set me on the right path to learning the importance of budgeting. + +Just wanted to share this success with someone and maybe even inspire someone to go ahead and start saving for something that tends to kick a lot of peoples asses every year. + +Happy 2020! +Being paid bi-weekly sucks (can't imagine how it would be to be paid monthly). If you bring home roughly the same amount each pay period, pay your monthly bills biweekly so that your budget remains consistent throughout the month. + +For example, if your monthly car payment is $300, pay $150 each pay period. + +I do this even with my rent. + +It allows for a consistent budget. You will eventually be paid ahead (excluding credit cards) because there are 26 bi-weekly pay periods a year which allows for some wiggle room should the unexpected happen. + +I hope at least one person can find this useful. +Hi all. I've been involved with bitcoin since 2013. While I was not involved for extended periods of time, it is something I have always been deeply passionate about. In 2014-2015, I was convinced bitcoin was going to be the future of currency. I had no interest in getting rich off of it and simply wanted to be a part of something that intrigued me. I have not posted on this subreddit since approx. 2015. At the time I believed bitcoin/blockchain tech was going to be as revolutionary as the internet. Through the years a few things have surprised me. + +\- In my eyes, bitcoin would not have made it past 2015 without a hard fork, I still cannot comprehend that bitcoin is able to function (although not without flaws) in todays world with the volume we are seeing. + +\- The publics perception of bitcoin as an inflationary hedge and genuine store of value + +\- The continued praise of Satoshi and his vision, I believe bitcoin has mostly stayed true to its core values + +\- I am astounded by the continued denial of cryptocurrencies as an asset class by institutions. Through reports I have read, institutions are only getting involved due to client demand, I firmly believe this is a failure on their end. + +&#x200B; + +Overall, I cannot put into words how bitcoin has reshaped my vision of the world, and the revolution it has introduced to finance is nothing short of incredible. I'd love to hear others experiences over the years. +This is one of the truest tests of diamond hands yet. Profits have been on the table in several months throughout last year, but this time Apes have a chance to show the world that even geopolitical strife will not shake our diamond hands -- we take on the risk and we HOLD. We stick it to the hedgies and we HODL. We have a chance to show the world that even rumours of physical war will not deter us from our financial war. Even when the entire market crashes because of war, GME Apes will buy the dip. Show the world the diamond hands. Ape strong together. Buy, Buy, Buy, HOLD, DRS, and HODL. We are Apes worldwide. Israeli Apes, Palestinian Apes, African Apes and European Apes. Central/South American Apes and US/Canadian Apes. RUSSIAN APES AND UKRAINIAN APES. The bond between Apes is the one bond Kenneth Cordele Griffin cannot short. +Not sure what people are on about with their "Buy buy buy" posts. I mean, I haven't seen a suicide hotline posts stickied in months now. Some people argue that the fear and greed index (currently at 10) is the right way to go, and normally I agree, but I don't think this is a normal situation. + +History shows us (as far as BTC is concerned), bear market bring a 80% dump to BTC. Sure, sure, now we have a lot of institutional investors involved, who won't allow BTC to go down THAT much. And we're currently 50ish% down from BTC ATH. I was also under the impression that "this time it's different" and that BTC drops of around 80% are not as likely. But this is the first time BTC is around in a situation where we have a major global recession. Which is just now starting to show it's ugly teeth. So if you're thinking this is the bottom, you have another thing coming. + +Don't make the mistake in thinking things will get easier over the next few weeks. It is highly likely that people will lose jobs. People will lose homes. We are still in a completely unregulated market. BTC and crypto will dump a lot more from this point. + +If you have a DCA strategy (and available FIAT now), sure, continue to buy weekly/monthly. Nothing wrong with this strategy. It is historically proven this is the best strategy which minimizes risk and general emotional connection with how your portfolio is doing on a daily basis. + +But I'm waiting. I have my buy orders set at $22k (around 65% down from ATH) and all the way down to $11k (a bit over 80% down). Once it hits those levels I'll continue to DCA, and after a month or two, start to buy alts (solid projects, no shitcoins), also DCA. + +I am not making the same mistakes I did the last bear cycle. +* **The Tesla brand has become unpopular with some former fans, following Elon Musk's Twitter takeover.** +* **Some even say they're trading in their vehicles, according to their Twitter posts.** +* **Investor sentiment toward Tesla has also declined since Musk's Twitter deal, per Morgan Stanley.** + +Some Tesla fans are feeling less than enthusiastic about the EV company since Elon Musk's Twitter takeover. + +Many are venting their frustration on twitter (ironic) followed by the hashtag #nevertesla. Some drivers even say they've traded in their Teslas after watching the billionaire's antics at Twitter.  + +https://preview.redd.it/hiid3jkd933a1.png?width=882&format=png&auto=webp&s=6153a9199dbb9c2191ade98eac21673188a7bc8b + +A scroll through the #nevertesla hashtag brings up many similar sentiments. + +Other users, who don't appear to have ever been particular fans of Musk, are also using the hashtag. + +https://preview.redd.it/grm7nujk933a1.png?width=873&format=png&auto=webp&s=2d73dacd6953b930f51135c66541ea3b316eafea + +Investor sentiment toward Tesla has also recently declined, according to a Morgan Stanley survey. + +Around 65% of the survey's respondents said Musk's highly publicized dramas at Twitter "will have a negative or slightly negative impact on Tesla's business going forward." One potential risk could be a drop in consumer sentiment or demand, Morgan Stanley said in a note on Monday. + +In addition, Tesla drivers say they are facing aggression on the road. An August report from Axios found Tesla drivers in Iowa were "routinely heckled, cut off in traffic, and blocked from charging stations." Many Tesla drivers blamed the treatment on the behavior of Musk and the news cycle in the months before his Twitter purchase, per Axios.  + +Source: [https://www.businessinsider.com/tesla-elon-musk-twitter-never-tesla-customers-brand-electric-vehicles-2022-11](https://www.businessinsider.com/tesla-elon-musk-twitter-never-tesla-customers-brand-electric-vehicles-2022-11) +This is the first paycheck I have had all the bills paid on time. None late. No "which goes overdue without a fee" dance. + +They're paid. I have $100 in savings starting an emergency fund. I have $100 in a piggy bank to save for the kids' Christmas presents. + +AND THERE IS ENOUGH LEFT OVER FOR GROCERIES AND GAS TO THE NEXT PAYCHECK. + +This has not happened in five years since my life fell apart. Nobody else will understand how momentous this is but there will be NO overdrafts in October and no "do I pay a bill or get groceries" panic. + +Y'all. +Gather around folks, hope y’all made some gains the last time around. This DD is split into 8 parts, so feel free to jump to whichever section you’re most interested in. + +**Part 1 – Introduction** + +**Part 2 – Market Trends and Upcoming Catalysts** + +**Part 3 – Company Overview and Unique Value Proposition** + +**Part 4 – Recent Updates** + +**Part 5 – Financials and Valuation** + +**Part 6 – Bear Case** + +**Part 7 – SI and Squeeze Potential** + +**Part 8 – TL;DR** + +**Part 1 – Introduction** + +It was a warm Monday morning on August 23rd almost a month back, when seemingly for no reason – **GOEV shot up from ~$5.9 to ~$8, a 30% gain on the day.** The next day – GME popped, for a 30% gain as well, with AMC and BB also making up big gains, leading to the ‘meme mania’ we’ve been experiencing for the last couple of weeks. + +Why’d this happen? Well there were no company/industry catalysts. The only event that seemed to occur in the prior week was the expiration of monthly options. One of the theories going around is that there’s an almost quarterly cycle going on at this point where FTD’s are leading to a surge in prices in the next cycle for ‘meme stocks’ which tend to be heavily shorted for the most part. How accurate this is I have no clue and whether this applies to GOEV I don’t know, haven’t investigated that particular theory but there’s plenty of posts/comments floating around for you to look into if you’re so inclined. + +The quick point I’m trying to make here is that if a heavily shorted stock is popping 30% in a day, with no major catalyst for the industry or the company in question – and that company is now advancing towards realizing its major milestones with favorable tailwinds expected for the sector, it could pop a lot more than 30% in the months to come. **GOEV is among the youngest EV companies - having been around for less than 5 years, with arguably the most unique vehicles coming out (on schedule – seems to be pretty amazing in the EV space) that very few, if any, of the established or other up and coming competitors are producing, and has been shorted more it seems – for the failure of its peers than any real fault of its own.** + +**Part 2 – Market Trends and Upcoming Catalysts** + +* From an investment into equities point of view – S&P 500 has fallen about 0.5%, on average, during the month of September. Stocks have tended to go up, on average, during every other month — other than a slight dip in February — over the past half century [link]( https://edition.cnn.com/2021/09/01/investing/stock-market-september/index.html). However, this may soon be coming to an end as in the past week Investors stampeded into stocks and out of cash as global equity funds witnessed their biggest inflows since March 2021 while large-cap U.S. funds enjoyed a record haul, a weekly round-up by BofA showed. [link](https://www.investing.com/news/economy/monster-reallocations-to-stocks-as-us-tax-threat-recedes--bofa-2619022) + +* Let’s take a look at the EV market dynamics and upcoming catalysts before getting into GOEV specifically, so we get a high-level understanding of the bigger picture. The global EV market is expected to be valued at $725.1 Billion by 2026, growing at a CAGR of 27.19% from $171.26 in 2021 [source](https://www.mordorintelligence.com/industry-reports/electric-vehicle-market). This is expected to grow to $1.007 trillion by 2027 which is an average of 2 sources - [source 1](https://www.marketwatch.com/press-release/electric-vehicle-market-analysis-size-regional-outlook-competitive-strategies-and-forecasts-to-2027-2021-07-12?tesla=y), [source 2](https://www.prnewswire.com/news-releases/electric-vehicle-market-size-to-be-valued-at-1-212-1-billion-by-2027-owing-to-rising-number-of-government-initiatives-globally-to-promote-manufacturing--adoption-of-evs--million-insights-301238118.html), another source actually has the market valued at $2.5 trillion but it’s a bit of an outlier compared to the other 2 [source 3](https://www.globenewswire.com/news-release/2021/05/11/2227050/0/en/Electric-Vehicle-EV-Market-Worth-2-495-4-Billion-by-2027-Growing-at-a-CAGR-of-33-6-From-2020-Exclusive-Report-by-Meticulous-Research.html). + +* Global EV forecast is for a compound annual growth rate of 29 per cent achieved over the next ten years: Total EV sales growing from 2.5 million in 2020 to 11.2 million in 2025, then reaching 31.1 million by 2030. EVs would secure approximately 32 per cent of the total market share for new car sales. Despite the pressure exerted on the market by the COVID-19 pandemic, the long-term outlook for EVs is strong. The significant shift in expected volume of BEVs and PHEVs by 2030 is based on four factors: consumer sentiment, policy and regulation, OEM strategy and the role of corporate companies. All four of these factors saw major changes in direction over the last year, prior to the emergence of COVID-19, and have since been shaped further by the pandemic. [link](https://www2.deloitte.com/us/en/insights/focus/future-of-mobility/electric-vehicle-trends-2030.html) + +* In November 2018, an article came out stating that the number of EVs on U.S. roads was projected to reach 18.7 million in 2030, up from 1 million at the end of 2018. This is about 7 percent of the 259 million vehicles (cars and light trucks) expected to be on U.S. roads in 2030. Annual sales of EVs will exceed 3.5 million vehicles in 2030, reaching more than 20 percent of annual vehicle sales in 2030. About 9.6 million charge ports will be required to support 18.7 million EVs in 2030. This represents a significant investment in EV charging infrastructure. [link]( https://www.eei.org/resourcesandmedia/newsroom/Pages/Press%20Releases/EEI%20Celebrates%201%20Million%20Electric%20Vehicles%20on%20U-S-%20Roads.aspx). + +* As it turns out, that number of annual EV sales of 3.5 million vehicles in 2030 was revised to almost double of that in a November 2020 report, just 2 years after the previous article. The US electric vehicles market is now expected to reach 6.9 million unit sales by 2025, up 5x from 1.4 million unit sales forecast for 2020, due to government incentives driving EV ownership. Over 90% of states offered incentives for setting up EV charging infrastructure, with meaningful quality of life incentives and exemptions are offered across 39 states in the US, including easier payment plans for the purchase of EVs, limited-time incentives to accelerate EV adoption/conversion and lack of requirements for emission inspections across several states. [link]( https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/111920-us-ev-market-sales-to-rise-to-69-million-units-by-2025-frost-amp-sullivan) + +* President Biden is seeking a pledge from auto manufacturers that would see EVs make up 40% - 50% of new U.S. vehicle sales by 2030 [link 1](https://www.forbes.com/wheels/news/40-percent-evs-2030/), [link 2](https://www.reuters.com/business/autos-transportation/biden-set-target-50-evs-by-2030-industry-backs-goal-2021-08-05/) which is double of the 20% forecast just three years earlier in 2018, and would likely occur only with strong support on the supply side through infrastructural and other support that would enable EV manufacturers to develop the capacity to produce the target number of vehicles, and demand side with respect to incentivizing people to purchase EVs. + +* EV tax credits jump to $12,500 in proposed $3.5 trillion budget blueprint Democrats passed a couple of weeks ago. This bill adds $4,500 to the current $7,500 tax credit available for a total of $12,500 potentially available to EV buyers. It includes passenger vehicles and light-duty trucks. The proposal calls for $160 billion to fund subsidies and purchase incentives, EV charging infrastructure funding, EV manufacturing incentives, federal EV procurement requirements, and incentives to electrify heavy-duty commercial fleets. [link](https://www.cnet.com/roadshow/news/ev-tax-credit-bill-biden/) + +* The proposed EV credits in the budget blueprint would last for 10 years and consumers would be allowed to deduct the value of the credit from the sales price at the time of purchase. In 2027, the $7,500 credit would only apply to U.S.-made vehicles. It would also create a new smaller credit for used EVs of up to $2,500. There are also lower credits for EVs with smaller battery packs. The bill says individual taxpayers must have an adjusted gross income of no more than $400,000 to get the new EV tax credit. It would limit the EV credit to cars priced at no more than $55,000, while trucks could be priced up to $74,000. In August, the Senate in a non-binding amendment narrowly voted in favor of prohibiting taxpayers from claiming EV tax credits if they make more than $100,000 annually or if vehicles cost more than $40,000. [link](https://www.cnbc.com/2021/09/11/us-democrats-propose-dramatic-expansion-of-ev-tax-credits-that-favors-big-three.html) + +* Furthermore, the bipartisan infrastructure plan, titled the American Jobs Plan, includes billions of dollars for other electrification efforts and for a national charging network. Specifically, the bipartisan plan includes $7.5 billion for a network of EV charging stations across the country. It also includes another $7.5 billion for electric buses and other transportation methods. [link](https://www.cnet.com/roadshow/news/biden-infrastructure-ev-subsidies-charging-network/) + +* States area also providing EV incentives to residents e.g. Gov. JB Pritzker signed Illinois’ clean energy law which includes a $4,000 rebate for residents to buy an electric vehicle (EV). [link](https://www.mystateline.com/news/local-news/illinois-wants-to-give-you-4000-to-buy-an-electric-vehicle/). + +* By 2030, there’s expected to be an 8% divergence between EV demand estimates and production plans, meaning there needs to be a massive scaling up of infrastructure/capacity of EV manufacturers over current projections in order to fill the gap in the market. [link](https://gyazo.com/66173e4431b4c6b30ac7ed0662f13f1c) + +**Part 2 – Company Overview and Unique Value Proposition** + +**Before we look into what’s happened since my last post, let’s go over a quick refresher on what the company does.** Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, with over 650 employees [link](https://investors.canoo.com/news-presentations/press-releases/detail/65/canoo-receives-initial-aa-esg-leader-rating-from-msci) from leading technology and automotive companies [link](https://www.canoo.com/about/). Canoo’s Chairman Tony Aquila mentioned that the company was focused on a product lineup that fits in the gaps of everybody else’s lineup… take the turning radius of a Prius, the size of a Ford Ranger, Payload of F-150 and sell it as one vehicle [link](https://youtu.be/RzjX9GRDu6A?t=1747). What makes this Canoo so special compared to other EVs is their modular platform, which is purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. + +It is this modular platform that led to Apple’s interest and having talks with Canoo (the talks are assumed to have fallen apart because Canoo was looking for an investor while Apple was looking to for an acquisition), as the platform is different from ones developed by other startups and larger automakers because it integrates more of the car’s electronics, allowing for greater flexibility in cabin design. It also features steer-by-wire technology, which also increases design flexibility and is not yet widely adopted in the industry. [link](https://www.theverge.com/2021/1/12/22225026/apple-canoo-acquisition-investment-electric-car-goev). + +Apple wasn’t the only major company interested in Canoo, Hyundai Motor Group (Hyundai and Kia’s parent company) actually went a lot farther than Apple did with Canoo, announcing a partnership in February 2020 to develop new electric vehicles based on the technological platform developed by Canoo [link](https://www.theverge.com/2020/2/11/21133461/hyundai-canoo-electric-cars-partership-kia). This was extremely unusual and referred to as a significant victory for Canoo, as ‘pretty much every electric vehicle startup has talked about wanting to license out their technology or partner with legacy automakers, almost none have landed a deal… Canoo now joins that small list despite only coming into existence at the end of 2017, when its founders started the company’ [link](https://www.theverge.com/2020/2/11/21133461/hyundai-canoo-electric-cars-partership-kia). + +Ultimately this partnership did not go ahead because Canoo’s chairman didn’t feel as though it was worth it for Canoo, saying that the original deal with Hyundai didn’t factor in the value of Canoo’s IP, so a shift in strategy was made from licensing out the technology to protecting the IP and manufacturing and selling Canoo’s own vehicles to commercial operators [link](https://www.theverge.com/2021/3/29/22357318/canoo-hyundai-deal-dead-electric-vehicles-goev) + +Regarding the technology/IP - Canoo has developed the world’s flattest skateboard platform, which enables class-leading passenger and cargo volume on a small vehicle footprint. For example, the lifestyle vehicle, which will offer the interior space of a large SUV, but on the exterior footprint of a compact car. To help achieve this, Canoo’s suspension utilizes a double wishbone with two fiberglass leaf springs, mounted transversely in the front and rear of the platform. The dampers are mounted to the frame, eliminating the need for large shock towers that take up vital cabin space. The entire suspension system is incorporated into the skateboard and sits below the height of the tires. [link](https://www.press.canoo.com/press-release/canoo-shows-off-performance-and-versatility-of-skateboard-platform-for-the-first-time-in-video). + +Let’s take a look at the current automotive model and see how Canoo’s approach and the use of the skateboard platform add so much more value than conventional ICE manufacturers [link](https://gyazo.com/041f5f426804ab087740da6c5b0b1aeb), currently the model is broken because 70-80% of the portion of vehicle lifetime profit is only generated after the first owner. The current model is geared towards the first owner and nothing more, with an assortment of OEMs/spare parts retailers/3rd party installers servicing vehicles after the initial sale. Canoo aims to change this by targeting multiple owners after the first purchase i.e. owners 2-4, offering customers the ability to upgrade the model of whichever vehicle they have or switch them entirely as the platform on which the vehicles are built is the same [link](https://gyazo.com/272959d52f3e8c169c711e9b18dbd98c). + +The use, and subsequent re-use of the skateboard platform enables significant cost savings and risk reductions [link](https://gyazo.com/7ade9dac03f0e6fcbffc6b8f3942eb4c), with the platform providing a strong business advantage as it is consistent across Canoo’s vehicle lineup. If a project is started for a new vehicle which will have the skateboard platform as its foundation, they will be able to carryover engineer and labor, ~half, from one project to the next. It’s also worth pointing out that in traditional ICE, it would be exceptional if Bill of Materials cost carryover across variants reached 25%, with Canoo, this is exceeding 50%. The specific savings include: + +* 45% - 55% labor savings for new variants developed + +* 57% of the BOM cost carryover across variants + +* >70% of critical functions are delivered by the platform. + +These enable the development of space efficient cabins that integrate simply onto platform [link](https://gyazo.com/0a5777ed4387d9d9916a0c0d949f452e), and provide the key basis for engineering Canoo’s new value proposition of having a harmonized and articulated 3 – layer vehicle concept that keeps fresh and returns capital over an entire vehicle lifecycle [link](https://gyazo.com/7992fbead2e3c724ec002333b8c909c8). This image also showcases how Canoo aims to capture the full vehicle lifecycle value [link](https://gyazo.com/ca0abdaece1006dbb34ad42b60bb2977) + +The three vehicles that Canoo has publicly announced as part of its lineup are: + +Lifestyle vehicle [link](https://www.canoo.com/canoo/) - Fully electric, highly versatile and offering more utility inside and out for city explorers, businesses, families and adventurers. The multi-purpose platform unlocks SUV-size interior space on a smaller exterior footprint. It’s pretty hard to put into an image of the vehicle into words so I’d recommend clicking on the above link to check it out for yourself. Some key figures (note the range provided in certain cases is for the variants): + +* Launching late 2022. + +* Starting at $34,750* + +* 2 seats - 5 seats - 7 seats + +* 250 mi range + +* Up to 350 Horsepower + +* 28min charge time 80% + +* 188 ft³ interior volume + +* 80 KWh battery + +* 1,464 lbs payload – 2,000 lbs capacity + +Multi-purpose Delivery Vehicle [link](https://www.canoo.com/mpdv/) – Business ready vehicle that lowers the total cost of ownership while providing easy maintenance. More cargo in a small footprint to enable easy maneuverability. A productivity tool that enables you to plug in your tools and get to work. Some key figures (note the range provided in certain cases is for the variants): + +* Starting at $33,000* + +* 200 ft³ - 500 ft³ cargo volume + +* 130 – 230 mi, 90 – 190 mi range (EPA) + +* 1,540 to 1,980 lbs + +Pickup [link](https://www.canoo.com/pickup/) – All Electric, All American, All Utility - The Pickup Truck is built to be the new standard in function, form and utility — ready for work and the weekend. The picup truck is as strong as the toughest trucks out there and includes features for people who use trucks on the job, weekend, and adventure. Some key figures (note the range provided in certain cases is for the variants): + +* Launching as early as 2023. + +* Price – Not currently listed, but during the Q&A portion of the investor day portion on June 30th, somebody asked what the base pricing for the pickup was, given that the Ford lightning F-150 base price was being advertised at $32,000. Chairman Tony Aquila said Canoo was not prepared to announce the pricing at that time, but Canoo would not be beaten in this category – you can check it out at the following link [link](https://youtu.be/RzjX9GRDu6A?t=10908) + +* Targeted HP – 500+ + +* Payload Capacity – 1800 lbs + +* Range – 200+ mi + +* Powertrain – AWD or RWD + +There’s actually a fourth vehicle as well that hasn’t been listed anywhere officially but was found by /u/Mcardiel007 when he was having issues communicating with Canoo and went to their Torrance location and spotted them unloading what is potentially the new sedan. All credits to him/her for the following pictures [pic 1](https://gyazo.com/5e84005c8399352f2de9efbedeb3d933), [pic 2](https://gyazo.com/608a14d42df52284544bfbf0cf4a2912?token=1800737b805fc34222e29805d032b29c), [pic 3](https://gyazo.com/906b46f350bed3e4ed10357422bf548a), [pic 4](https://gyazo.com/5dd4b620f07fcb72fdb2234dfc35a36a), [pic 5](https://gyazo.com/83e23a1219e08bd6a2d118138121a714). + +We can see that Canoo is targeting the most attractive segments at a lower incremental cost. The most profitable and highest carbon dioxide emitting segments are pickups and SUVs, with $115B+ accounting for 90% of 2020 profit pool in US, and ~60% of the transportation emissions (Canoo is targeting these segments with its Lifestyle Vehicle and Pickup). One of the fastest growing segments is delivery vans, with ~2M more delivery vehicles needed globally by 2030 [link](https://gyazo.com/309703e692c4a4fa96cd91096b593ac4). It’s important to keep in mind existing fleet conversion to EV as well. Using the common platform provides a pivot-ability to focus on high margin products and is a large and profitable opportunity – highly lucrative and accretive to overall margin [link](https://gyazo.com/51a7448bc7b0c236d6c4b528eb662dda). + +Canoo is also looking at car data and not just strictly being a vehicle manufacturer – with an opportunity for harmonizing hardware and software + superior cleaning leading to actionable data instead of the status quo of outsourced hardware + poor cleaning leading to disjointed data. Each connected vehicle offers 1 – 2 TB of raw data per day, with car data monetization globally valued at $250 Billion - $400 Billion [link](https://gyazo.com/d1e6a55ce2f1bb3777020592281afe8f). + +To sum it up – Canoo is well-positioned for success with a differentiated business model [link](https://gyazo.com/6b0ce0f9af42b090b04e970aafe696fe), developing exceptional products that are aimed at the most profitable segments ($115B+ for 90% 2020 profit pool) in the US, addressing upfitting and accessories market in the US by monetizing full vehicle lifetime value with emphasis on 2nd, 3rd and 4th customers (valued at $24B+), and monetization of car data globally through customer-centric, software ecosystem generating exponential network effect ($250B+). + +**Part 4 – Recent Updates** + +**Now let’s take a look at some of the hires that the company’s been making (note that almost all of these hires have happened since the last quarter, with most being in the last two months, and this is not an exhaustive list). Canoo has quietly been putting together an all-star management team experienced in three key areas – diplomacy, automotive, and technology.** + +* [Ambassador Josette Sheeran](https://www.linkedin.com/in/josette-sheeran-a5935837/) – President at Canoo, Executive Chairman at the The McCain Institute, former UN Special Envoy for Haiti, Vice Chairman of the World Economic Forum, Executive Director of the World Food Programme, Undersecretary for Economics Agriculture, Energy at the US Department of State. + +* [Ram Balasubramanian](https://www.linkedin.com/in/ram-balasubramanian/) - Chief Information Officer at Canoo, former Senior Vice President, Business Technology at Salesforce, Chief Information Officer at Motorola Solutions, Chief Information Officer (CIO), India Region, Global Business Solutions Leader at PepsiCo. + +* [Christian Treiber](https://www.linkedin.com/in/christian-treiber-252b3280/) - Senior Vice President of Global Customer Journey & Aftersales at Canoo, former Member of the Board of Directors at the German American Chamber of Commerce, Inc., Member of the Board of Directors, RepairSmith (backed by Daimler AG), Vice President Customer Service, Mercedes-Benz USA, Member of the Supervisory Board at Mercedes-Benz Versicherungs AG, Director, Service and Parts Sales Mercedes-Benz Passenger Cars at Daimler AG etc. + +* [Govin Ranganathan](https://www.linkedin.com/in/govinranganathan/) - Director Logistics, Materials & Transportation at Canoo, former Head of Logistics at Nio, Engineering Manager at Tesla, Sr. Manager of Production Control at Fiat Chrysler, Lean Manufacturing Specialist at Damien Chrysler. + +* [Arnold Abernathy](https://www.linkedin.com/in/arnold-abernathy-9713745/) - Chief Information Security Officer at Canoo, former Deputy Chief Information Security Officer at Toyota, Programmer at NASA, with other experience including McAfee, Deloitte & Touche, Ernst & Young, CA technologies. + +* [Randy Rodriguez](https://www.linkedin.com/in/randyrodriguezdesign/) - Director of Advanced Design at Canoo, former Director of Advanced Design at General Motors, Creative Manager Design and Styling at Tesla, Project Lead Designer at Nissan Motor Corporation. + +* [Senon Franco](https://www.linkedin.com/in/senon-franco-ba52b423) – Senior Exterior Design Manager at Canoo, former Senior Exterior Designer at Hyundai, Creative Designer at Honda, Exterior Designer at GM, Exterior Designer at VW. + +* [Branden Coté](https://www.linkedin.com/in/brandencote/) - Vice President Product Management & Sales at Canoo, former Director, Market Management North America & Greater China at Mercedes-AMG + +* [Bryce DeArmond](https://www.linkedin.com/in/bryce-d/) - Manager of Strategic Partnerships, Data Customer Journey at Canoo, Former Account Manager at Samsung Electronics America, Samsung Field Operations Manager at Samsung Electronics America, Director of Sales at IRIO. + +* [Kristen Harris](https://www.linkedin.com/in/kristyharris/) - Senior Commercial Counsel at Canoo, former Director, Legal Affairs for EMEA and Latin America at the Harley-Davidson Motor Company, Regional Legal Counsel at Texas Instruments, Legal Consultant at Taiwan International Patent and Law Office + +**Now why on earth would these long-established and assumingly well-reputed individuals with executive level careers at places including the United Nations, U.S. Department of State, Nio, Tesla, Fiat Chrysler, Daimler AG/Mercedez-Benz, General Motors, Nissan, Toyota, Hyundai, Honda, Salesforce, NASA, McAfee, PepsiCo, Samsung, Harley-Davidson etc. move to an upstart EV manufacturer within the last couple of months if they didn’t believe in it’s potential for success? Some of these individuals have spent 5-10 years with their prior companies, it doesn’t make sense that they’d all be jumping over to Canoo for a 1 year engagement.** + +Other than the talent, Canoo has made a number of moves in in recent months as it moves closer to bringing the first of the Lifestyle Vehicles to production, including: + +Announcing plans to build its new factory outside of Tulsa, Oklahoma, creating more than 2,000 jobs and opening in 2023. The facility will be built on a 400-acre site at the MidAmerica Industrial Park complex in Pryor, Oklahoma. It will house a paint shop, body shop, and general assembly plant. Oklahoma is providing an incentive package that totals over $300 million, and may kick in millions more based on whether Canoo hits or exceeds a target of hiring military veterans to make up 10 percent of the workforce at the facility [link](https://www.theverge.com/2021/6/17/22538811/canoo-ev-factory-oklahoma-electric-vehicles-vdl-nedcar). + +Partnering with VDL Nedcar as a contract manufacturing partner to manufacture the Lifestyle Vehicle for the US & EU markets while it builds its US-based mega micro-factory. By parallel pathing contract and owned manufacturing Canoo will meet its commitment to start production and deliver vehicles in Q4, 2022. Canoo Chairman Tony Aquila mentioned that VDL Nedcar ‘is the top trusted European manufacturer building high quality products for leading OEMs, and they significantly outcompeted the other contenders. VDL is also independently owned by the van der Leegte family of entrepreneurs - which aligns with our commitment to support businesses that form the backbone of communities. This strategic partnership will enable us to deliver vehicles to market while we build our Phase 2 factory in Oklahoma. It also strongly positions us for geographic expansion in Europe and builds a lasting relationship with VDL Groep of companies. Our investment will help us scale quickly and fulfill our mission to bring affordable, purpose-built EVs to Everyone.” The Nedcar facility is slated to build up to 1000 units for both the US and European markets in 2022 with a target of 15,000 units in 2023 [link]( https://www.press.canoo.com/press-release/canoo-names-vdl-nedcar-as-contract-manufacturing-partner) + +De-risking the path to market, Canoo designed, built and tested beta for its lifestyle vehicle [link](https://gyazo.com/e9e9bee044f83da1536c1ab57809dece), with highlights including: + +* >$250M invested in Beta + +* ~1.5M hours of engineering + +* ~500k miles of testing + +* 13 beta runners / 32 beta properties tested + +* US NCAP 5-star overall rating targeted, with simulated, sled and vehicle level crash testing. + +Undertaking the Gamma Phase with SOP on track for Q4 2022 [link]( https://gyazo.com/772813dd1ab4b30255dfdfa9674006ce), with key highlights including: + +* >12 months of testing + +* ~120-150 vehicles will be built and validated + +* ~70 crash tests + +* 30 sled tests + +* Full slate of vehicle tests; no shortcuts + +* 80% of all components are sourced + +* 63% of all engineering is released + +* 54% of tooling is committed + +Partnering with the frontdoor collective for 10,000 MPDVs, the frontdoor collective are a network of delivery service partners that provide dependable last-mile delivery experience, with founders and executives with experience from FedEx, Walmart, XPO, Amazon, Instacart and the U.S. military. With more than 100 franchisees with experience in delivering for companies like Amazon, XPO, Axlehire and Ontrac, the company, aims to expand that to 300 franchisees by the end of this year [link](https://www.freightwaves.com/news/qa-frontdoor-collective-executives-explain-importance-of-franchised-dsp-network). + +Surpassing 9,500 non-binding pre-orders across lifestyle vehicle, pickup track and multi-purpose delivery vehicle [link](https://www.press.canoo.com/press-release/second-quarter-2021-results) + +Showcasing its vehicles at various events including the ACT Expo and Cars & Coffee (both of which were attended by some of the amazing folks at the canoo subreddit who attended, took detailed notes/pictures and shared it with everyone), and receiving invites to others such as the LA Auto show [link](https://gyazo.com/ff9b83052183c0128970b65c4e05aa55). + +**Part 5 – Financials and Valuation** + +Before looking at Canoo/Competitors, here are some analyst PTs + +* R.F. Lafferty - $19 [link](https://www.investing.com/news/rf-lafferty-stick-to-their-buy-rating-for-canoo-2568124) + +* H.C. Wainright - $15 [link](https://www.marketbeat.com/instant-alerts/nyse-goev-a-buy-or-sell-right-now-2021-09/) + +* Bank of America - $5 (can’t find the article at the moment but I’m sure I’ve seen it somewhere) + +Average = $13, current SP = $6.7 + +As of Canoo’s second quarter 10Q, the company had cash on hand of $563.6 million [link](https://investors.canoo.com/financial-information/balance-sheet), which according to the company is more than sufficient to cover the cost of bringing its first products to markets [link](https://youtu.be/RzjX9GRDu6A?t=9398). + +The company could raise $273M from warrants if the SP is greater than $18 for 20 out of 30 days. + +At a pre-revenue stage there’s not too much to say in this department, other than to note that value of a couple of orders: + +* Over 9,500 non-binding preorders – which if they are followed through with would be worth at least $313,500,00 (assuming 9,500 orders of the cheapest vehicle which is the base model MPDV). + +* 10,000 MPDVs for the frontdoor collective which would be worth at least $330,000,000 (assuming cheapest MPDV). + +As far as valuations go, let’s divide the pre-revenue EV manufacturers into tiers for an easier look – based on their market cap. I’m sure some are missing because I only took a few, let me know and I’ll add them in later. These market caps were taken within a few moments of each other on 9/21 from yahoo finance. + +* Lucid Motors – $41.23B, 11,000 pre-orders, delivery delayed to fall 2021 + +* Nikola Corporation - $4.25B, lowered delivery guidance of 25/50 vehicles for 2021 + +* Fisker Inc - $3.917B, >17,000 pre-orders, value of $637,483,000 + +* Faraday Future - $3.66B, 300 FF 91 Vehicles, value of $54,000,000 delivery in 2022 + +* Canoo – $1.63B, 19,500 pre-orders (9,500 individual + 10,000 front door collective), value of $643,500,000, delivery fall 2022 for LV, 2023 for MPDV + +* Company A (market cap too low, has a DOJ investigation ongoing and issued a going concern for whether it would have cash to make it to production) - $1.2B + +Just looking at a couple of examples here it would seem that Canoo is undervalued purely on a pre-orders/revenue perspective. Fisker and Faraday Future, which are both expected to deliver in 2022 as is the case with Canoo, have over double the market cap despite Canoo having similar preorder value (compared to Fisker) or much higher (compared to Faraday Future). Haven’t done a cash flow analysis of every company but even taking into consideration Fisker having $400M more in cash on hand [source](https://sec.report/Document/0001193125-21-242552/), there’s a significant discrepancy. Faraday Future meanwhile has less than half of Canoo’s cash on hand at $230M [link](https://sec.report/Document/0001193125-21-242552/). + +**Part 6 – Bear Case** + +With anything pre-revenue, the biggest issue is always going to be do we have enough cash to get the product off the ground imo. I could write a really long paragraph but yea that’s pretty much it in a sentence. Since I’m on the bullish side for the company, I’ll lay out a few reasons why I think Canoo won’t be running out of $$$ before it comes to market – these have mostly been stated here and there throughout this document but I’ll summarize them below: + +* As of Canoo’s second quarter 10Q, the company had cash on hand of $563.6 million which according to the company is more than sufficient to cover the cost of bringing the Lifestyle Vehicle to market. + +* Oklahoma is providing an incentive package that totals over $300 million, and may kick in millions more based on whether Canoo hits or exceeds a target of hiring military veterans to make up 10 percent of the workforce at the facility. + +* EV funding is a significant portion of the upcoming budget, this is less grounded than the others but there is assumedly some hopium that Canoo would be able to receive some federal support if needed. + +* The company could take on debt to assist in getting to production – H.C. Wainwright in their coverage indicated that they expect $500M to $525M in funding could be raised in debt to 2023. Tony has previously stated that they are looking for as non-dilutive an approach as possible, and given the current SP it wouldn’t make much sense to go the additional equity route. + +* In May, the SEC opened a fact-finding inquiry into Canoo as it did with many former EV SPACs, unlike others such as NKLA and (Company A) – nothing further has come as of yet, nor have any DOJ investigations been launched. + +**Part 7 – SI and Squeeze Potential** + +I know y’all have just been waiting for this so I’ll get right down to it. Famously developed by the esteemed /u/pennyether, the SMELL system is going to help us take a look at some key numbers that’ll help understand GOEV’s squeezability. + +* Short Interest – 31.8 million shares, 32% of free float + +* Market Cap – $1.63 Billion, not big enough that it’s immovable, not small enough that shorts would be able to cover without investing a decent amount of capital + +* Extremely Memeable – I mean… GOEV, like Go… EV, idk I think it ticks off the memeability criteria + +* Low Liquidity – Average volume per yahoo finance is 2.7M shares, which is 2.7% of the free float so any inflow will cause the share price to move pretty significantly. Over the last quarter, it seems that institutions have been loading up on Canoo for cheap, with institutional inflows of $177M and only $2.56M sold [link](https://www.marketbeat.com/stocks/NYSE/GOEV/institutional-ownership/) + +* Low Risk (IV) – Yep, current IV is 77.1% for 9/24 and 10/1 options. Please do NOT consider this financial advice, like at all, but if you’re one of the folks who look to just buy options for the sake of contributing to a gamma squeeze, take a look at the post by /u/ChemaKyle on how buying far OTM options and how it’s not the best idea if you want the MMs to hedge. There’s not much of a need to hedge vs something that doesn’t have a ramp up and no OI at the ATM values. I’d agree with his/her post and the commentators that buying ATM options and the underlying shares would have a greater chance at causing a gamma squeeze, but this is something you should research and do your own DD on as well based on your risk tolerance and investment threshold. + +**Part 8 – TL;DR** + +The global EV market is expected to be valued at $725.1 Billion by 2026, growing at a CAGR of 27.19% from $171.26 in 2021, with total EV sales growing from 2.5 million in 2020 to 11.2 million in 2025, then reaching 31.1 million by 2030. EVs would secure approximately 32 per cent of the total market share for new car sales. The US electric vehicles market is now expected to reach 6.9 million unit sales by 2025, up 5x from 1.4 million unit sales forecast for 2020, due to government incentives driving EV ownership. + +President Biden is seeking a pledge from auto manufacturers that would see EVs make up 40% - 50% of new U.S. vehicle sales by 2030, to support this EV tax credits jump to $12,500 in the proposed $3.5 trillion budget blueprint Democrats passed a couple of weeks ago. In August, the Senate in a non-binding amendment narrowly voted in favor of prohibiting taxpayers from claiming EV tax credits if they make more than $100,000 annually or if vehicles cost more than $40,000. Either way, this is huge for Canoo which is offering base models of the Lifestyle Vehicle and MPDV at <$35,000, with the base pickup model expected to be priced similarly. + +Canoo aims to disrupt the current automotive model by taking a piece of the 70-80% of the portion of vehicle lifetime profit which is generated after the first owner and traditionally ignored by manufacturers. Canoo aims to change this by targeting multiple owners after the first purchase i.e. owners 2-4, offering customers the ability to upgrade the model of whichever vehicle they have or switch them entirely as the platform on which the vehicles are built is the same. Canoo is targeting the most attractive segments at a lower incremental cost. The most profitable and highest carbon dioxide emitting segments are pickups and SUVs, with $115B+ accounting for 90% of 2020 profit pool in US, and ~60% of the transportation emissions (Canoo is targeting these segments with its Lifestyle Vehicle and Pickup) and targeting one of the fastest growing segments of delivery vans, for which ~2M more delivery vehicles will be needed globally by 2030, with its MPDV. + +To facilitate this disruption, Canoo has developed the world’s flattest skateboard platform, which enables class-leading passenger and cargo volume on a small vehicle footprint. Canoo’s Chairman Tony Aquila mentioned that the company was focused on a product lineup that fits in the gaps of everybody else’s lineup… take the turning radius of a Prius, the size of a Ford Ranger, Payload of F-150 and sell it as one vehicle. The use, and subsequent re-use of the skateboard platform enables significant cost savings and risk reductions, with the platform providing a strong business advantage as it is consistent across Canoo’s vehicle lineup. If a project is started for a new vehicle which will have the skateboard platform as its foundation, they will be able to carryover engineer and labor, ~half, from one project to the next. + +* 45% - 55% labor savings for new variants developed + +* 57% of the BOM cost carryover across variants (compared to ~25% on ICE) + +* >70% of critical functions are delivered by the platform. + +If we take a look at the funding incentives being proposed for consumers e.g. with the LV, the maximum federal rebate would be $12,500, and if we add in state incentives e.g. Illinois with it’s $4,000 rebate – that turns into $16,500. The LV is priced at $34,750 which means that post-rebates you’re getting it at almost half the price, pretty ridiculous in comparison to ICE vehicles, add in tighter emissions standards for ICE vehicles and Canoo starts looking pretty good. + +If you made it this far, I’d like to thank you for reading this – I’d like to give a big shoutout to the community over on the canoo subreddit (not sure if I can link other subs so won’t). They’re extremely dedicated individuals who provide a wealth of knowledge on the ongoings of the company – from driving to HQ and coincidentally finding an unrevealed product to attending EXPOs and other showcase events and sharing vehicle images and detailed write-ups. Y’all the real MVPs. Position – 1k shares @ 11.69. +I have a brokerage account with comdirect in Germany. This week I received a letter saying starting in August people with an American passport can no longer hold ETFs. As far as I can tell, holding and trading stocks is still allowed, and I do this as well, but I prefer to put a portion of each paycheck into a total world ETF. + +Does anyone know of a bank that doesn't restrict investing options for US passport holders? A few years ago when when I was looking into getting a brokerage account in Germany, I first tried the popular trading platforms with low fees like Trade Republic and Degiro, but they don't allow people with US passports to even open an account. I have heard some good things about Interactive Brokers, but haven't looked into them too much yet. Maybe they are a good option for Americans living in Europe? +I am thinking of investing some small amounts monthly into ETFs and found out about Scalable Capital. I am still kinda new to the whole stock market thing that's why I am going with the safest option. I also heard about FTX collapse in the news and people weren't able to withdraw their money, so that's kinda scary. + +Side note: while researching about Scalable Capital on the internet, I found out that some articles mention that it has a minimum investment limit of 10k Euros, but when I tried to make an account on Scalable, I saw no such thing. Am I on the wrong Scalable Capital? the app has 1m downloads on playstore and 8k reviews. +Hi all! + +I am looking for: +- guidelines to choose ETF? Which parameters etc +- suggestions on which ETF to bet on on the long term with a monthly investment of about 1k + +I have already 90% on ETF IWDE.MI, 10% on stock (aerospace/space). +I am ok with taking risks but since this wants to be on the long term I would rather invest on medium risk profile (return >8%/y). + +I plan to use Scalable or Trade Republic (I have both). +Hi there! Pretty new in finances. However I am in a position to play a bit with risk. I’ve heard and seen some success stories around IPO tech companies in the US where investors might have huge returns. + +I was looking for buying pre-IPO shares and I came across a couple of platforms (EquityZen...). However the investment size is pretty big (20k). I was looking for something smaller. +Do you guys know a way to buy pre-IPOs? Do you know if there could be a group of smaller investors interested to team up to buy pre-IPOs? + +On the other hand, I thought that if I couldn’t get pre-IPO I could buy first day first minute in the morning of the opening to the public and might have similar effect. However I couldn’t find any broaker (spain-based) who was available that early. +So the question is: do you know how to purchase this stocks on first fay after the IPO? + +I am pretty ignorant with the subject. Just curious, interested and willing to play. + +Thank you all +For example when I want to buy an ETF then I find its ISIN number or the company Name and search it on my investment account. + +Should I be searching this inside the stocks section or inside the funds section? +Hi guys, this is going to be long so i will put tldr in the end + +for start, I'm located in **Czech Republic**, **24y old software dev** and finishing my **masters** in free time. Situation I'm describing below is together with my gf but she does not have any income so I will leave it out of the equation, but the chunk of money I will mention is hers. Anyway its **gf of 8 years** and stable relationship, thinking about marrying but don't like the cost so lets handle her like **wife** pls. + +Our financial situation + +* having **healthy balanced budget** with **500€ monthly with no use**, also I'm addicted to micromanaging our financies so literally everything has its budget and is based on the longterm statistics of our spending, + * this number will also raise essentially because my gf will start looking for her first IT job and will go from 200€ income per months (state support/family) to maybe 800-1000€ +* we bought our first **2room flat** (10% mortgage for 30y, not looking forward to pay it off, just enjoying very low interest and planning on staying for 5-10y) +* pushing 15% of my salary towards **mutual funds** (only started few months back, not planning on doing anything with the money anyway) +* sending some little extra money towards **retirement** (only because my company doubles what I send and also state adds something) +* **80k euros** in cash (we sold a flat my gf inherited) with sadly no use right now + +We are **not planning** on having **children** anytime soon and because of hereditary health problems maybe not ever. Also we have quite new car (2014 I guess, small mileage) and own most of the pricy things we wanted so **only big financial plan** in following years is buying **bigger flat** or **hourse** (depends on the situation, not necessary). + +To get to my question, we are both from **poor middle class families** (paycheck to paycheck and some nice holiday once a year type) so nobody taught us how to **handle money** and honestly our parents have horrible money handling skills so we have to learn everything from the scratch. I **love my job** but on the other side I would love **freedom** and possibility to quit/go part-time whenever I want, therefore our main goal is to **build assets and passive income** which will enable us to do so if we want. + +The problem is we don't know how to '**make money work for us**', it seems crazy hard to do so. I'm not talking about pushing all of our money in the stocks/funds and wait for decade, I want to take action. I want to actively build something what will earn us money. So please feel free to share your experience, education and knowledge to push us in right direction! + +I will mention list of our ideas below, we want to try more of them to minimize the risk if(when) some of it fails. + +* take another mortrage for **one/two flats in city centre** of big city we are living in and rent them + * \+ this is one of our favourite, we have some experience in renting and I love to work with real estate. also see long term plan of owning many real estates + * \- don't like that we will put so much money on one card (CZ housing market) + * \- don't see how to build this further, how to get another mortrage? when I submit taxes next year and list properly my income from renting will it enable us to get another mortrage? +* buy **cottage in small city** where I was born and rent it for airbnb, its one of the most tourist popular location in Slovakia + * \+ my mother would take care of it and I could provide some additional income for her + * \- afraid of mortrage on such unstable income, would like to push more of our cash in it if its the case but than I don't see how to build this further, how to buy even second cottage + * \+/- zero experience in shortterm renting, on the other way I think we are in situation where making mistakes and learning is great opportunity +* invest bigger chunk of money in **mutual funds** (10-20k euros) +* save some money for **potential business opportunities**, right now we don't have any in mind but can imagine that in years we will meet somebody or come up with some idea and having a funding for that will be crucial (10-20k euros) + * inflation will eat the money if there is no chance to use it and I don' want to feel pushed to use it, really a lot of question marks in this one, more than I like + * hate idea of starting IT company (at least at the time) and does not have any special skills, yet + +TLDR; we \[24M, 25F\] have some extra money, stable financies and don't know how to build passive income +Hey guys, + +For those that buy VWCE as a not free ETF (like on Degiro), how many times do you buy it per year? What's the usual sweet spot recommended? Only once a year, semestral or 3/4 times a year? +Just looking for your thoughts on this. On the surface it looks good, but maybe there are other hidden aspects that I don't know of. + +The only risk I can think of is stable coins not being stable, but I don't know how realistic is that. +Hi, regarding world ETFs I often hear I should get Vwce, but iShares Core MSCI World UCITS has slightly lower fees and is offered for free en Degiro, is Vwce's advantage worth being a bit more expensive and not in Degiro's free ETF list? +I started working really early(15) and was never really educated in my family on investing, but at least I had the habit of saving money. I'm 30 now and literally spent all my savings with my degree and starting my company. Things are going fairly well, but now I can finally live my life more comfortably and get educated on how to invest my money. I've been educating myself on investment, but everything is still very new to me. I'm trying to save anything from 500 - 1kEUR monthly. + + +One of my goals is to buy a house within the next 5 years. Having said that, are there any reasons why S&P 500 wouldn't be a good investment to save up for a down payment? +Hi, basically the title. + +The context here is a split by dividend and some brokers (hi Degiro for example) sold their clients' shares yesterday and bought them back today to make it seem like the client got his dividend. + +Did this shit ever happen to you? +Are they legally allowed to do this? +Will it have an impact on taxes? +Who can we get help from? + +Thanks. + +" +**Shipped!** + +The Merge was executed on September 15, 2022. This completed Ethereum's transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by \~99.95%. +" + + + " +**Misconception**: "Transactions were accelerated substantially by The Merge." + +False. Though some slight changes exist, transaction speed is mostly the same on layer 1 now as it was before The Merge. +" +[https://ethereum.org/en/upgrades/merge/](https://ethereum.org/en/upgrades/merge/) +Tldr; Has anyone else battled risking their FIRE prospects vs following a personal passion? + +I'm the typical mid 20s tech person interested in FIRE. Im interested in perspective from others here. + +I got out of the military two years ago, joined a Computer Science Big 4 (Facebook, apple, Netflix, Google) and now I have saved about 130k. My income is increasing by about 12% every year because I am getting promoted fast, and I think I will be a manager if I stay here for a few more years. My manager has even told me I could be a director with my work ethic and leadership skills. + +This is great for FIRE. + +Recently I've been a bit discontent with my future as a manager. I have been looking at going to grad school to specialize in a more technical subspecialty of computer science. I'm interested in robotics and computer vision. + +It's hard to let go of this job because I feel that I have a sure ticket to FIRE. If I go to grad school, I could not find a nice paying job like this again. I also feel pretty lucky to have landed here after getting out of the military. + +But I don't want to be 40, discontent with my career, and financially independent. That seems like a recipe for unhappiness. + +Has anyone else battled risking their FIRE prospects vs following a personal passion? + +EDIT: Sorry for the confusion, I'm at what is considered a Computer Science Big 4 (Netflix, apple, Facebook, Google), not accounting. +I had been deliberating initiation of a post discussing mistakes. +I’ve tried and recalled by mistakes, errors of judgement in my short exposure to capital markets. I'm a resident of India. Hence, some terms may seem foreign. Please bear with me. + + + +Lesson 1: +I started taking a keen interest in markets in 2012. +My trading and investment decisions were based on stock recommendations offered by analysts on TV channels. + +The returns generated were decent. I truly wondered why people thought trading/investing was difficult. I thought I had discovered the recipe for success in stock markets. It was easy. It required little effort from my end. All I had to do was imitate the analyst’s stock pick. + + +My condition was great. Until one day. The stock picks recommended for intraday started failing. It was unfathomable to me that I was losing so much money. I resorted to revenge trading. Lost even more money. + + +Whatever profits I had generated were evaporated in a relatively short duration. I could’ve never imagined such an outcome. +In hindsight I should’ve thought that there’s never a free lunch. Why would anyone offer their stock picks without anything in return? + +Lesson: Trust no one blindly. Assess, examine trading/ investment decisions. + +Every action of assistance, guidance towards us in the stock market should be looked at with glasses of cynicism. It’s a brutal place. + + + +Lesson 2: +On a popular stock app there’s a bustling interaction medium. Stock picks are often offered for free and people wax eloquent about the tremendous potential the company possesses to multiply our wealth. + + +I came across one such message recommending investment in an investment company. It’d be inappropriate to share the stock pick. + + +The stock was described as being at the cusp of a great transition to being a large cap company. Messages loaded with superlatives describing the management bombarded the board. It seemed like the ideal investment opportunity. + + +I trusted them and invested 10 % of my portfolio. +The stock went from X to 3X in 5 months. +My happiness knew no bounds. I was ecstatic. +I continued averaging at upper levels expecting even more upside. + + +One day, the stock began its downward slide. Lower circuit after lower circuit. Surveillance measures were taken by the exchange and moved to 5% circuit. The fall was excruciating. It stopped when it reached 1.5 X. + + +I continued to average. Since, I had purchased heavily at upper levels my average price became very high. Losses incurred were significant. The fall wasn’t arrested yet. It kept falling. The stock formed 35% of my portfolio. + + +My portfolio was painted in red. There was little chance the stock would regain its past glory. I had to book my losses. It dawned on me that the stock move was a meticulously engineered operation by bigger investors. + I had invested by trusting someone else. + + +Summary of Lesson 2: If possible avoid excessive concentration in any stock pick. Conditions can deteriorate at any point. +Introduce adequate safeguards to protect profits. + + +Booking profits will reduce cost of carry. +It was my greed that destroyed my portfolio. +It’s difficult to tame greed but those who succeeed at doing so will likely emerge victorious in the market. + + + + +Lesson 3: +In 2016, I came across a petrochemical company which was showing some signs of a turnaround. +Imposition of an anti dumping duty was expected which would enable an improvement in the company’s financials. + + +I invested based on this thesis. Management seemed to be decent. I invested 15% of my portfolio. It was my first turnaround investment. + + +When the results were declared the turnaround wasn’t very convincing. Instead of waiting and appreciating that turnarounds take time I exited my holdings. + + +I had purchased at X. I exited at 1.3 X. A 30 % profit. It seemed a healthy return to me in 3-4 months. +The same company, in the next 7 quarters underwent an extraordinary turnaround. From losses to double digit profit margins. And, the stock went from X to 5X. + + +I couldn’t believe my eyes. I blamed my luck and derived solace that I had some profit. But, heart of hearts I knew I had made a massive error of judgement. + + +Lesson: Be patient. If you’re convinced about a stock after enough research stay invested for some time. Investments take time to mature, to grow. +In investments without conviction profit booking would be sensible. But, if enough conviction has been developed- Be patient, do nothing. + + +Sometimes inactivity is better than activity. +Here, I was a victim of fear of losing money. Hence, sold too early. +Fear and greed are major causes of bad decisions. + + + +Lesson 4: +An important lesson I learned is on appreciation of the role of luck and the limitations of our expertise. + + +I have often mistaken my luck for skill. And, it has cost me a lot. +Stock trading/ investing is an incredibly complicated activity. There are so many variables involved that it’s difficult for linear thinkers like us to piece the information and take rational decisions. + + + +To simplify the task, we resort to substituting difficult questions for easy ones. +Instead of analyzing a company based on its financials I’ll check if I like the product manufactured by that company and invest based on that. + + +I’ve succumbed to it often. +And, needless to say, I lost money. +Also, being rigid is harmful to us. +Despite knowing that a strategy doesn’t work, I refused to accept it. I suffered from the illusion of validity. + + +Acceptance is crucial for success. +Most factors are beyond our control. Frankly, there’s hardly anything in our control. + + +I stopped thinking of myself as a person who has everything in control and accepted the fact that I was at the mercy of variables I could do nothing about. +This change in behavior, approach helped me. +I started appreciating the contribution of luck in success. + + +From where we’re born, the upbringing we receive , the socioeconomic status are rarely in our control. +And,these factors play an instrumental role in moulding the future behavioral patterns of a person. + + +Summary of Lesson 4: The lesson I learned was that I should shed my delusion of being in control and acknowledge that despite my best efforts there will be consequences totally opposite to my expectations. + + + +Lesson 5: +The most important lesson I learned is that I should have realistic expectations. +Stock markets aren’t get rich quick schemes. +It’s a way to participate in the growth story of a real business. + + +For an ordinary person like me it’s impossible to sustain 20% CAGR for long durations. +I tempered my expectations to 10-11% over the long term. + + +After all, what causes pain- When expectations are not met we suffer from pain, grief. +Solution is to have low expectations. If the outcome is better than our expectations our joy will be indescribable. + +I humbly share the lessons I’ve learned. This forum has played an instrumental role in my growth as a person. My heartfelt thanks to each and every member here. I've realised that there's always something to learn. +Yet again, my gratitude to all. +My apologies if I’ve erred. +Best wishes. + +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. + +Let's say a crash does happen soon, which sector or theme would you want to buy the most, if or when it does happen in the coming months? + +As we all know, EV, marijuana, fintech, tech, genomics have all 5-20X'd since the start of the pandemic. The more famous investors such as Burry and Cathie Wood seem convinced that there will be a crash or at least a correction coming soon. + +Also bonus question: What companies would you buy the most of within said bubble popping? + +Personally for me it would probably be EV > weed > tech > genomics. With TSLA and NIO being the top 2 companies I would start buying. After that it would be APHA, and then from there stuff like SQ, NET, DKNG, SNOW, and LMND. +I purchased AMC at 16$. Here are the 5 stages of grief. + + +1. Denial - There's absolutely no way this stock will not squeeze! The short squeeze is coming, it's just as matter of time. It's happening, and I will not accept no for an answer. + +2. Anger - These POS Hedgefund bullies, forever taking our piece of the pie. Where's the fairness in all of this? Where is God? Why is this happening? + +3. Barganining - What if AMC become digital? What if AMC is purchased by Amazon or Netflix? Errr post pandemic we will see movie theatres open again and it will rise, everyone loves the cinema. Also.....sHoRt LaDdEr aTacKS + +4. Depression - Is there any point to this any more? I feel robbed and all I want to do is sleep. Everytime I look at the charts I feel like crying myself to sleep whilst eating chocolate. + +5. Acceptance - I'm ok with this, I'm a doofus. I joined a hype train, made a huge mistake. I will learn from this and just HOLD until I can make my money back or take a 30% loss. Whatever, it is what it is. + + +Hey you retards, jokes aside. If you are struggling with grief or have recently lost somebody. +[Get help today](https://grief.com) +Ryan Cohen posted this tweet saying he loved it!!!! + +Lets dive right in shall we? + +[https://twitter.com/ryancohen/status/1413223954387406851?s=20](https://twitter.com/ryancohen/status/1413223954387406851?s=20) + +&#x200B; + +https://preview.redd.it/ohs3o5zqs1a71.jpg?width=828&format=pjpg&auto=webp&s=1766cd1517688e6b42edb7b7dc5c20aaa7ee1718 + +So clicking the link and taking a look at the first/cover photo we can see clearly its a GameStop store on the moon and an ape on the outside of it.... think about it GAMESTOP with an APE on the MOON... Im le jaqued!!!!!!!!!!!! + +&#x200B; + +[GameStop and ape on the moon](https://preview.redd.it/1grr5qgss1a71.jpg?width=828&format=pjpg&auto=webp&s=3081d2803ff4da7efcb2ed1c6944778f7b232961) + +Now is where things get REAL interesting........ Looking at the second photo it appears to be the backside of the building. In this photo you can see a man drawing the GME chart with a green marker!!!! and it appears to be in an apeish pattern aka a SQUEEZE only going up. It looks like GME may be getting another leg up before the infinity squeeze and GME goes parabolic. Now the lego man is a very familiar face..... ill let you decide what logo they are basing it off of. There is also an ape looking at the drawing. Look at the exit sign.... crossed out (NO EXIT STRATEGY). This is class A confirmation bias to me... + +IF THIS DOESN'T JACK YOUR TITS I DONT KNOW WHAT WILL!!!!!!!!!! + +&#x200B; + +[all the confirmation bias I need](https://preview.redd.it/xfzhjsyts1a71.jpg?width=828&format=pjpg&auto=webp&s=310148497232f4df127de7ebd5231e8d2a3eb854) + +The other 2 photos I haven't found any great shakes but if you see something leave it in the comments!!!!!!! + +&#x200B; + +https://preview.redd.it/4y6k3obws1a71.jpg?width=828&format=pjpg&auto=webp&s=df9598a4279aa0c15542f99e368806492c021242 + +&#x200B; + +https://preview.redd.it/jxff8zkxs1a71.jpg?width=828&format=pjpg&auto=webp&s=2aa70fbf22a33d8ed4870a3d265644d475ba3845 + +&#x200B; + +Im leaving you all off with this last message.... Ryan Cohen definitely knows the squeeze is on,HE LOVES THIS based off his tweet! based off that second photo with the chart continuously going up clearly States somethings coming.....🚀 + +⚠️obligatory not financial advice and this is pure speculation but come on! ⚠️ + +LADIES AND GENTLEMEN THIS IS THE BEGINNING OF THE END! 🚀 + +DIAMOND F\*CKING HANDS! 🙌💎 + +HEDGIES R FUKT 🐻 + +see you all on the moon! 🌕 + +\-BONER OUT ✌️ +Hi Aus Finance, + + +I thought some might find it interesting this little story on missing out out in a house auction this week. + + +I was keen on a property going to Auction Saturday June 4th, and expressed interest to the agent and asked about pre-auction offers. + + +She told me they’d likely do this so I ran the numbers with my broker. + + +The broker gave me an upper limit based on my latest deposit but just being mindful of the Reserve bank meeting on June 7th, I asked him to run the numbers if there was a 0.4% rate rise on June 7th. The number came back $30,000 lower. + + +For reference NZ raised the rate 0.5% today. + + +The agent called me and said there were four bidders and did a phone auction where she called each of us one by one and we had to put our offers in via email. + + +It was a horrible experience as I had no visibility but she did say what the previous bid was and when someone and dropped off. + + +After a few bids it went above what I could pay but also far above what it was worth and she gave me a courtesy call even after my final offer (which is how I knew the price had keep climbing after my final bid). + + +Like many posts on here this is just an ad hoc story but thought people would find it interesting. + + +I’ve never had a pre-auction auction before and it feels to me like the Agents are motivated to close deals asap rather than go to the Auction, BUT that there’s still so much froth in the market people are over extending. + + +I’m super curious to see how a potential second rate rise will be felt and wonder if June 7th might be the day people recalculate their offers and the market might truly turn. I adjusted my bid based on a 0.4% rise and I’m not sure others are doing this just yet. +Hello, can I max out both my 403b and Roth IRA in the same year? +My accountant said no because I have maximized my contribution via my employer’s retirement plan. My employer also contributed $8500 to my 403b through matching. +I am under the income limit for Roth IRA so I thought I am allowed to contribute and also max out my Roth IRA? + +Update: +He responded and said he thought I was asking about buying traditional IRA for deduction. Thanks everyone! +Hi all, + +I am in a position to early retire in my 20s with a portfolio of around 2m usd. I was hoping someone could share their experiences of this. How did friends and family react? Do you get treated differently? Did you ever feel a lack of fulfilment/ purpose in life? + +Thanks +https://www.cnbc.com/2019/10/03/bank-of-america-says-this-is-a-make-or-break-quarter-for-netflix.html + + +“Heading into 3Q earnings, we see a make or break quarter for Netflix,” Bank of America Merrill Lynch analyst Nat Schindler tells clients. + +The more cautious tone comes on the heels of a tough summer for Netflix, which has seen the price of its stock fall nearly 30% in under three months. + +Netflix, which reports earnings on Oct. 16, has never missed the company’s subscriber guidance two quarters in a row. +Not too long ago , I came across an article on an uber-popular stock market blog discussing the investment of a celebrated investor in a distillery company. + +The investor being referred to is believed to possess the Midas Touch. When I read the price at which the stock was trading, I was flabbergasted. It was a shock to me. + +The Reason- Off late, I’ve reduced my exposure to capital markets. Thanks to my inability to devote enough time to evaluate stock ideas and scout for new ones. However, a couple of years ago I was able to dedicate a substantial portion of my schedule to studying stocks. + + + This facilitated discovery of some stocks in their pre rally phase. But, as much as I hate to admit, the finding didn’t lead to wealth creation for me. Low PE investing was fundamental to my investing strategy. + + +Today I realise that I was lazy to perform a detailed assessment. Hence, restricted my analysis to price earnings multiple. But, in most cases it has served me well. So, no complaints. + + + +One such stock that created massive wealth over the past few years is the aforecited distilleries company. Exactly 2 years ago I came across the stock on a popular stock application. The stock traded at around 10 times earnings. And, the company was growing faster than the earnings multiple. The lazy me was lured. Profit margins were low but the valuation was difficult to resist. + + + +I succumbed to the temptation and invested in the stock. The amount I had saved to invest wasn’t substantial. But, it gave me a feeling of pride, happiness. + + + +Now, it was time to be patient for the market to accord a better valuation. However, I was suffering from a predicament- A moral quagmire. + + +I kept asking myself whether I should stay invested or not? +Reason- I feared that it would be unethical to stay invested in a distilleries company. I was scared of retribution. I was an immature youngster. + + +After contemplating for a couple of days I decided to sell the small holding I had. Over a week the stock had appreciated by around 5%. The transaction fees were around 2%. Hence, the profit was around 3%. + + + The gain wasn’t much. But, I experienced a relief. In the meanwhile the stock continued to surge. I stopped tracking it after a couple of weeks. + + + + +When it finally came to my attention recently, the stock price devastated me. It had appreciated by an enormous 400% in just 2 years. I was on the verge of an emotional outburst. + + + +I then thought about my reasons for selling out. +Why exactly, 2 years ago, did I sell with hardly a 4% gain? Fundamentals were intact. Business was good. + +Still I sold. Why? +Fear. Fear of retribution. Since childhood I had heard people say that alcohol was bad, unethical, immoral. I expanded that notion of mine to investing. And, in hindsight, took the unwise decision of selling the stock of a good business. + + + +The potential profit could have been spent on many welfare activities. + + + +2 years back, I wouldn’t have been able to explain my decision. I was morally dumbfounded. But, today, I realise, regardless of the stock price appreciation, that it was indeed an imprudent step. + + Different people have different moral standards. I’m nobody to discuss what’s right and what’s wrong. + + + +But, I intend to share the message that something that I had been taught during my childhood, years and years ago, influenced my investing decisions. Our biases, teachings subliminally affect our decisions greatly. +I lost my profits but learned a lesson. + +I don’t know if I’ll succeed at my endeavour but now onwards, I’ll try to take steps to minimise the effect of my biases, prejudices on my actions. I must try to base my decisions on reason, rationale. Easier said than done. But, I’ll try. + +And honestly, it’s a gut wrenching experience to miss out on the stock appreciation despite being a fairly early entrant. + + +My tuition fee to Mr. Market. The learning continues. + + +I’m aware that I post too often on this thread. The sole reason being that in the past few years I’ve made too many follies to ignore. Posting here helps me to learn. Please excuse me if the posts are not upto the mark. + + +Saw this earlier in my news feed: + +"CBI Arrests Owner Of PC Jewellers, Balram Garg" + +[https://twitter.com/BTVI/status/991903904492273664](https://twitter.com/BTVI/status/991903904492273664) + +And if that wasn't enough, it was later claimed to be a rumour [https://twitter.com/ZeeBusiness/status/991911432106135552](https://twitter.com/ZeeBusiness/status/991911432106135552) + +CFO comes later with some more details: + +[https://economictimes.indiatimes.com/markets/expert\-view/no\-link\-with\-vakrangee\-cbi\-has\-not\-questioned\-us\-sanjeev\-bhatia\-pc\-jeweller/articleshow/64012108.cms](https://economictimes.indiatimes.com/markets/expert-view/no-link-with-vakrangee-cbi-has-not-questioned-us-sanjeev-bhatia-pc-jeweller/articleshow/64012108.cms) + +Nice disclosure there about fund houses exiting. No idea if it is just Fidelity or everyone else, and why. + +At this point, this stock is providing dopamine to everyone. If you are a bear, this stock gives you money at times. If you are a bull, it gives you money at times, although not so much currently. If you are selling news, it gives you plenty of money. + +Discuss!! + +Rewrote the earlier post, so we don't drag the quality down with a rumor as top\-post. +I want to invest in the Graphene industry but don’t really see any ‘Graphene’ manufacturing players. I know that the Graphene is yet to take off but still... +So my dad is retiring, and he doesn't have any retirement corpus. So he's selling a piece of land which he had bought some years back. The buyer is ready to pay 40 Lacs, out of which 15-18 lacs will be via a cheque. The rest will be cash. Isn't this "black" money? How do I put it in my bank without attracting any additional tax? I know this is unethical, but are there any ways to minimize or negate the tax burden? +So my dad is retiring, and he doesn't have any retirement corpus. So he's selling a piece of land which he had bought some years back. The buyer is ready to pay 40 Lacs, out of which 15-18 lacs will be via a cheque. The rest will be cash. Isn't this "black" money? How do I put it in my bank without attracting any additional tax? I know this is unethical, but are there any ways to minimize or negate the tax burden? +As a learning project and also to study and understand the market, I want to make a personal stock screener/filtering web frontend. + +I will be using Node API, React frontend and Redis/MsgPack for storage. + +Now I have rough idea on how to go about this, especially frontend and charting part, but I am not very sure how to go about populating and storing stock tick data and efficiency of entire process. I want to have my own database of stock tick data. + +So there are multiple questions that I have, + +1. Are there better (and cheaper) API services other than Zerodha's, for stock tick data + +2. What database solution should I use for storing tick data for NIFTY 200 in real time ? In my experiment both RDBMS and MongoDB turned out to be gravely slow. I found this not so popular solution "[MessagePack](https://msgpack.org/index.html)" which is actually a lot faster but I am not sure about scalability and efficiency. I will be inserting at least 200 records every minute, so writing should be faster, and for processing this data, read speed should also be good. + +3. I will be storing tick data for every ~~second~~ minute, so that I have granular control over my chart's candle sticks, what is the best database schema for this purpose ? + +4. Any additional libraries/suggestions that you think maybe useful for my project + +I know trading in general is not really popular on this sub :P but I have seen many tech-minded people here and I thought this would be the right place to post it. + +Mods can remove this post if they feel its breaking the sub's rules. +What's up with this FoF .. + +It's giving insanely high returns as compared to domestic Gold prices. SGB's too including all of their benefits couldn't provide such kind of returns.. + +Source- https://www.valueresearchonline.com/funds/16207/sbi-gold-fund-direct-plan + +Please share your opinions about the cause of such a high tracking error. + +And why do all FoF's provide higher returns than domestic Gold prices. Eg- HDFC Gold Fof , Kotak gold FoF . Any other cause than a simple tracking error? + +Also in any sense are these funds better to opt than SGB's beacuse of the liquidity they provide ? +If you're among the kind who decide that they would give G-sec (Particularly Tbills) a try, instead of zerodha coin, it NSE BidGO a try. + +Zerodha charges 6 Rs for every 10K (10K is min amount you can bid for). For smaller purchases, 6 is nothing.....but as the amount start increasing this brokerage amount affects the yeild (or return). + +I came to realise that NSE GoBid (just google it) do not charge any brokerage. After registration - they do valid your demat account/bank with a broker. So any purchases made their for Tbills will be directly credited to your demat account. + +&#x200B; + +I am yet to try any purchase, but I believe few guys on here tried this. One of them was /u/pablo_cachu. + +&#x200B; + +Edit 1 - Just start with most basic bid there initially. To see you're not facing any issues with bank payments etc. Once verified you can start using it in full swing. + +&#x200B; +On an individual TX level, it is correct that segwit will only save about half the TX fee (because the way witness size is counted). + +But if majority of the TX are segwit, it will clear up the mempool, and fees will drop from several hundred sat/B to under 10 sat/B. +\*\*If you know anything about cars or purchasing a car, please help a girl out\*\* + +I know I'm going to sound like an idiot, but this is the first time I've purchased a car on my own. I'm a young adult and thought I knew what I was doing, which I obviously don't. + +I leased a 2017 RAV4 in 2017 and had it for the full three years, I decided to purchase the car in December 2020. I owed $14,900 (that includes sales tax) and made a $6,000 down payment. I thought I would just owe $8,900 but I actually owe $15,436.38. + +Turns out I paid $1,050.00 for a Gap contract which was optional. Something called TMIS which is for Mechanical Breakdown, I don't even know what that is for but they charged me $3,600 for that. They also charged me $1,000 for surface protection. + +I guess I feel taken advantage of because I remember seeing $15,436.38 and I asked "So the $15,436.38 is if I don't pay it off right away? That's because of the interest right?" And the man who was helping me said yes. + +I don't remember going over this Gap contract whatsoever, I don't remember them saying what a gap contract was or that it would be $1,050. I for sure never heard that it was optional. He never said anything about TMIS, the only thing I recall is the surface protection, I asked him how much it was and he said it was included in the cost of the car and not to worry about it. + +I guess my first question is, is there anything I can do about this? Second, did I get completely screwed over or are these extra fees actually worth it? + +I'm just feeling like an idiot and wish I brought someone experienced with me, all of my friends are women who don't know anything about cars or purchasing cars so they wouldn't have been able to help me out. + +\*\*\*EDIT\*\*\* + +Hello! First off, thank you to everyone who gave me advice on this post. I've read every comment and I really appreciate people taking the time out of their day to try and help me. + +I understand that I'm at fault here, I thought I made that clear in the beginning of this post but I guess not. I should have read the contract as soon as I got home and realized there were fees that I didn't understand or didn't agree to, that's on me. I know that, I'm an adult and should have known better. This is the first time I've made such a big purchase and I thought I did everything correctly, which obviously I didn't. + +But, the man who sold me the car wasn't being very honest. He didn't tell me that the Gap Contract, TMIS (Mechanical breakdown), and Surface Protection were optional. After speaking to Toyota Financial today they confirmed that he was supposed to explain that they were ALL optional and explain the price of everything, which he didn't do. He led me to believe that the reason the final price of the car was $15,436 was because of interest and bad credit, not because of these additional warranties. I didn't even know what TMIS was until I read the contract, he just said that it was a mandatory fee when I asked about it. + +Toyota Financial has no idea what "Surface Protection" is, they explained to me that Surface Protection isn't a service that they provide and that I need to speak to the dealership directly to get a refund for that. So, that one is going to be a battle. The man who sold me the car said it's for getting the car repainted if the paint starts to chip, but from doing a little bit of research online it looks like it's just a wax treatment they provide. So, he definitely lied about that one. + +After speaking to Toyota Financial they are giving me a full refund on the Gap Contract, and $3,550 back on the Mechanical Breakdown. There is a $50 dollar fee to refund the $3,600 Mechanical Breakdown because I didn't ask for a refund within the first 30 days. + +Toyota Financial was extremely helpful, I wasn't expecting to get a full refund on the Gap Contract and an almost full refund on the Mechanical Breakdown. The customer service representatives were so kind and I left them both a wonderful review. At the end of the day I still enjoy having a car with Toyota and think their customer service is great. + +I have no idea what's going to happen with the Surface Protection, that one seems like the real scam to me. I'll keep you guys updated on that one, hopefully I'll get the $1,000 back but who knows. I have a feeling I'm going to have to fight the dealership on that one. + +Also, when I said "I'm just feeling like an idiot and wish I brought someone experienced with me, all of my friends are women who don't know anything about cars or purchasing cars so they wouldn't have been able to help me out." I wasn't trying to be sexist. Women (or people who are more feminine) typically don't know as much about cars. I have 3 close friends, two are cosmetologists and one is a psychologist. Trust me, I've known these women for years, they don't know anything about cars or purchasing a new car lol + +Before I purchased my RAV4 in 2017 I had a used Nissan, whenever I needed my oil changed I would take it to a female mechanic. Once I leased my new car in 2017 I had to take it to Toyota to get it serviced, otherwise I would have stayed with her. I know there are women out there who are knowledgeable about cars, I'm just not one of them. I truly didn't mean to come off as sexist. + +Anyway, thank you again to everyone who took the time to read this post and help me out. I really appreciate your help and constructive criticism. I'll take this as a learning experience and I'll make sure this doesn't happen again. +I am moving to London for my first proper job and wanted to gain some insight! I have done the math and considered the extra monthly costs which seem feasible. However I do understand that the rent is higher than average and didn't want to make a mistake by diving head first into a contract. Would I be committing financial suicide? + +&#x200B; + +Any advice / feedback would be appreciated, cheers! +New to alts so figured I would donate my money and maybe get lucky with a few that I read about here and elsewhere. Picked up a bunch of alts last weekend to "diversify" from the 2 major players. Am I holding junk? About 80% of these alts are in the red. HODL or DUMP? + +PHNX + +RBC + +ADA + +XLM + +KTLYO + +OPCT + +BAO + +ROAD + +COR + +PUX + +TRAC + +TRTL + +OLY + +KANGAL + +&#x200B; + +EDIT - If most of these are so bad would you cut your losses or let it ride? Amounts invested are not substantial +I couldn't help myself. + +If you wanted to hear the bullshit cover up here's the link to the interview: + +https://abc7chicago.com/bartlett-il-fire-today-warehouse-access/11537202/ + +I havea few issues with this. + +1. How are we investigating a fire before it's out? +2. How did such a valuable place have one fire suppression system? +3. How did gravity reverse and make the racks fall up to take out the sprinkler system on the ceiling? +4. What decade are we in that a warehouse was stacked with PAPER FILES? + +I am not a smart ape but come on. There are no more coincidences anymore. + +GME to fucking mars! +Im trying to locate my father, he left the house yesterday and never came back after saying a reddit forum told him he would make millions of dollars by throwing his life savings into Tesla branded shorts. His bank account is empty and he isn't answering his phone. I tried to find the thousands of shorts he bought but he must have them in a storage unit somewhere. + +I tried finding the store that sells Tesla apparel online, but I could only find hats and shirts, no shorts. I don't know what to do or where to start looking. Someone help? +Hi, + +I (24M) am in the very fortunate position that my father has just sold his business and has given me £50k towards buying a house in the future. I don’t expect to buy ASAP but am living with my girlfriend so I’m would like to buy maybe in 2 years time. Living in London I know that 50k won’t get us too far but we are looking to start saving hard in the new year. Our current combined salary is 61k which should go up to ~80k by Q3’21. + +The 50k from my father is currently sitting in premium bonds (banking on winning the 1M), is this the best place for it? I plan to open an account with one of Martin Lewis’ faves in 2021 to put the excess of our new savings into. + +Thanks for your help. +My car was parked outside my house and someone driving down the road crashed into the back of it, then pushing it into another car parked in front as well. + +Luckily I heard it and spoke to the driver and took her details, etc. I wasn't sure what you're supposed to do so I called my insurance to claim who said they can cover repairs, hire, etc. as a non-fault claim. They've said they'll send me the details of the claim to confirm tomorrow - but I think I can still pull out? + +Just now, the culprit's insurer also called me saying their client accepts responsibility so they are happy to pay for repairs, hire, etc. and throw in 200 quid to "say thank you". Apparently if they have to pay out a claim from another insurer, they tend to get shafted by repair and hire fees. + +Also hoping I do not need to get involved with the third car that my car got pushed into because of the collision. + +Not sure which option to go with here. My car is only worth about 1500 (so a bonus 200 feels like a lot) and the bumpers are fairly smashed up. I don't use my car to commute and do have access to another car so it's not extremely urgent. If it helps, the other party's insurer is a well known name with a solid reputation and have said in writing they will use first party parts and offer lifetime guarantee on repairs. + +Any help appreciated. +After about 18 months I blew up my account. This is my first one. I feel bad about it but have also learned alot as well. I don't want to quite trading. I know that I can make money doing this but need to move beyond some of my bad habits so I don't continue to make the same mistakes. I have learned all my limited knowledge on my own as there is no one other than the internet to learn from around where I live. Any links to any info to increase my knowledge base would be greatly appreciated...and yeah processing tbe amount of money traded away in bad trading isn't fun. +Pre-market brief of news and information that may be important to a trader this day. Feel free to leave a comment with any suggestions for improvements, or anything at all. + +Stock Futures: + +* [Pre-Market Trading](https://money.cnn.com/data/premarket/) +* [Asia Markets](https://money.cnn.com/data/world_markets/asia/) +* [European Markets](https://money.cnn.com/data/world_markets/europe/) + +Upcoming Earnings: + +* [Earnings Calendar](https://finance.yahoo.com/calendar/earnings/) +* [Earnings Calendar II](https://tradingeconomics.com/earnings) + +COVID-19 Stats and News: + +* [COVID-19 Stats](https://www.worldometers.info/coronavirus/country/us/) +* [Latest Map and Case Count](https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html) + +Macro Considerations: + +* [Economic Indicators](https://tradingeconomics.com/united-states/indicators) +* [Economic Indicator Forecasts](https://tradingeconomics.com/united-states/forecast) +* [Tracking America’s Recovery](https://www.cnn.com/business/us-economic-recovery-coronavirus) + +Other + +* [Current Trading Halts](https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts) +* [Reg SHO Threshold List](https://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold) +* [Short Sale Circuit Breaker](https://www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker) +* [Highest Short Interest](https://www.highshortinterest.com/) +* [Most Recent Insider Filings](https://m.insidertracking.com/) +* [Fear and Greed Index](https://money.cnn.com/data/fear-and-greed/) +* [OTC Market Snapshot](https://www.otcmarkets.com/) +* [Highest Implied Volatility](https://www.barchart.com/options/highest-implied-volatility/stocks) +* [Most Recent IPO Filings](https://www.ipomonitor.com/pages/ipo-filings.html) +* [Dividend Calendar](https://www.thestreet.com/dividends/index.html) +* [Most Active Stocks](https://finance.yahoo.com/most-active) +* [Daily Gainers](https://finance.yahoo.com/screener/predefined/day_gainers) +* [Daily Losers](https://finance.yahoo.com/screener/predefined/day_losers) +* [Insider Trading](https://www.secform4.com/) + +*Yours truly,* + +NathMcLovin +So I’m new to trading with live money and one thing I noticed is that I let my emotions shake me out of a trade . Only to be mad that I was Initially right. And should of stayed in the trade. + +Are there any mental tricks or certain things you do to help control emotions ? +Hey, Y'all I am very curious on why patterns stop working if too many people use the same pattern. I hear it a lot but no one really explains the reasoning behind it. Thanks for your time. +Looking to get into day trading and I’m trying to understand how people come up with a set in stone strategy. Where would I look to begin building my strategies, refining them and testing? Any advice welcome! +Thanks in advance +&#x200B; + +[https://medium.com/makingofamillionaire/why-contango-can-eat-up-all-your-returns-in-plain-english-a86c014c7669](https://medium.com/makingofamillionaire/why-contango-can-eat-up-all-your-returns-in-plain-english-a86c014c7669) +Hello everyone, + +&#x200B; + +What would you like to see more of in this community? What could be done better, would help you in your trading, or make you feel like you can participate more in discussions? Maybe the occasional post from experienced traders offering advice? Maybe some chart analysis of interesting charts? Maybe resource recommendations, summaries or reviews? Or even just some holiday fun to boost your spirits this time of year? + +&#x200B; + +Let us know your thoughts by commenting below with any suggestions you may have. And remember there is no such thing as a bad idea, we want to cater to all of our members wishes. If it can be done, we will look into getting it done! + +&#x200B; + +\- NathMcLovin +I’m a newer investor and started with RH as my broker. Being a proud ape and the concerned over RHs shenanigans using want to get my portfolio to a short squeeze friendly broker. Thanks! + + +Following the previous day’s outperformance by Facebook due to its beating of earnings (which was unexpected following the pessimistic forward guidance from Apple’s change in privacy policy), Facebook actually finished lower yesterday. And this is because… we don’t know. + +To exercise scrutiny over every single market move can be exhausting and a waste of time and mental capital. If we could explain and understand the markets all the time, we would have already made much more money than we already had. However, that is the limitation we all have. We just are not able to understand the markets all the time. +What we just got to do is trade based on what we know and what we expect to happen next. + Any tips for manually back testing (not much of a coder)? + +I pretty much go into tradingview, find the setups I'm looking for and see if it works out, and then I gauge whether it's a winner or a loser and find the winner to loser ratio. + +What other data should I be collecting from this? + +Any other resources for making manual back testing more efficient? +Hi everyone, I want to start trading stocks with a short-term vision, but I simply don't know how to get started. I've been reading a lot about stocks and know much about crypto trading. I want to trade with a 2-3 month target but I don't know where to learn about strategies, approaches to trading and buying stocks. What literature can you recommend, either a book or an article, but I am looking for a source for trading strategies that I can apply: when to sell, when to buy, what to do when this pattern shows, etc. + +&#x200B; + +I hope you can help, thanks +I remember one or two days back, Elon Musk has reached a deal to to buy Twitter for 44 billion and investors will receive $54.20 for each Twitter share they own. However, when I check the share price of Twitter today, it has fallen to $49.68. I am curious, if I were to buy Twitter's share now and hold it until the buyout, does it mean that I will receive a profit of $54.20-49.68 = $4.52 per share? It sounds too good to be true. + Any tips for manually back testing (not much of a coder)? + +I pretty much go into tradingview, find the setups I'm looking for and see if it works out, and then I gauge whether it's a winner or a loser and find the winner to loser ratio. + +What other data should I be collecting from this? + +Any other resources for making manual back testing more efficient? +For example when a company announces a succesfull quarter the price usually goes up, why is that? I understand that people buy the stock which causes the price to go up but why do they buy it as a result of the companies good querter? Why does it matter to a shareholder how much money the company makes? It cant be just because of dividend since not every company does it. I know this was a bit all over the place but realy my question is why does the company's profit affect the price of a share, why is there a connection? + *Thursday 4/15/2021* + +🚀JP Morgan announced sale of $13 billion in bonds. Record for a bank + +🚀Credit Suisse=fucked with archegos. Sued by an entire towns pension fund for losing their money. $400m announced lost with more incoming + +🚀Black rock assets reach 9 TRILLION. Says says Bitcoin is a future “great asset class” + +🚀Gary Gensler appointed Jan 26 confirmed as new chair of SEC + + *Friday 4/16/2021* + +🚀BOA did the same for $15 billion. Breaks one day old record. + +🚀Morgan Stanley announced a $911 million loss on (1) hedge fund failing (Archegos). + +🚀Citi group announces they will leave 11 international markets. + +🚀Jim Cramer saying the bank stocks are “Dirt Cheap” after earnings crash + +🚀DFV exercises call and purchases 50k additional shares🚀 + +🚀Cryptomarket Explodes after media exposure pump + +🚀Royal Bank of Canada stock drops 66% in afterhour trading + +🚀Edit: Royal Bank stock recovers in AH.......because Citadel securities bought a metric shit ton of thro stock to pump it back up. + +https://twitter.com/heyitspixel1/status/1383698223613714438?s=21 + + + + *Saturday 4/17/2021* + +🚀Gary Gensler sworn in as chair of SEC, crucially breaking 2-2 stalemate to give Democrats 3-2 control of board. + +🚀Cryptomarket collapses with each coin crashing over 20-25% which left 9 billion in bag holders that fell for the pump. + +🚀US headquarters of Most banking institutions are working through the night as evidence of lights on in their towers. + + + + *Sunday 4/18/2021* + +🚀Leaks coming from the treasury state that charges are incoming (this week) that are charging several prominent US institutions with money laundering using cryptocurrency. + +🚀Top 6 stories on marketwatch homepage about crypto. As of 6:55pm + +🚀Stock futures fall after closing at record highs + +https://www.cnbc.com/2021/04/18/stock-market-futures-open-to-close-news.html + +🚀Said companies still working past normal business hours because TPS reports must be due. + +🚀 https://www.reddit.com/r/Superstonk/comments/mtfztd/chicago_search_trends_past_24hrs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf. Credit u/Idontdiikeoranges +This is the second time this year I’ve had to abandon a sub because of Mod takeover. Let’s try to move on from what happened this weekend, and focus on what matters. DD. I’m a lurker, but I’m posting this in the hopes of getting us back on track. +&nbsp; + +This post is just a reminder of all the immediate incoming catalysts that could (don’t get your hopes up!) trigger the MOASS. As we know, Citadel and their shorting HF buddies have a lot of tricks up their sleeves, so although any one of these catalysts could trigger the MOASS, they might have plans to circumvent these triggers. Keep the pressure on by doing what you do best: buy and hold. +&nbsp; + +Trigger 1: NSCC-2021-801 (https://www.dtcc.com/legal/sec-rule-filings) +This will allow the DTCC/NSCC to margin call Citadel and their HF buddies. Will the DTCC margin call them? Maybe. Maybe not. This was filed on March 5 of last month, and is awaiting SEC approval. +&nbsp; + +Trigger 2: DTC-2021-005 (https://www.dtcc.com/legal/sec-rule-filings) +This will change the way the DTCC/NSCC operates the stock market. Instead of sending the shares to the brokerage that purchases the shares, the DTCC will now hold onto the shares permanently, and instead put a little notation onto who owns each share. In other words, the DTCC will be creating a permanent internal ledger of stock ownership, and will not release stocks from their vault. This will prevent rehypothecation. As far as I can tell, this will trigger the MOASS if approved. This was filed last Thursday, and is awaiting SEC approval. +&nbsp; + +Trigger 3: Share recall (Credit to u/inverseyourself: https://www.reddit.com/r/GME/comments/mjibu7/gamestop_confirms_annual_shareholder_meeting_is/ Link 2: https://www.reuters.com/companies/GME.N/events ) +The GME annual shareholder meeting will be held on June 11 this year. Share recalls will begin 60 days before the shareholder meeting, which is Aprill 11th (Sunday). Most likely, this means next Monday share recalls will begin. Will this guarantee the MOASS? Yes, unless Citadel can pull a new trick out of their bag. They’ve been strategizing nonstop since January, and they know this date is coming. If they have a trick, they wont reveal it until they need to. Perhaps they can rehypothecate shares and use those to return to shareholders? I wouldn’t put anything past them. Still, it’s likely that that this could trigger the MOASS. +&nbsp; + +Trigger 4: Gamma Squeeze via Implied Volatility (IV) crush (Credit to u/WardenElite: https://www.reddit.com/r/GME/comments/misbn2/an_options_analysis_response_to_alex_goldsteins/) +By keeping prices flat at 190 for a 2-3 weeks, IV has gotten very low. This makes options very cheap to purchase, which will allow long whales to pump the options market for another gamma squeeze. From what I’ve seen, gamma squeezes typically start on a Wednesday, so keep your eyes out every Wednesday for the next few weeks for a gamma squeeze. Will this happen? We can’t be sure that long whales are ready to crush this stock yet. It’s clear that the GME MOASS will influence the broader market and economy in ways we are just beginning to understand (i.e. the everything short), and long whales may be avoiding the squeeze for a few more weeks while they assess their other positions and reposition as necessary. In fact, the long whales may no longer want this MOASS, as it may destroy their other positions. Unfortunately, they are no longer in control. Retail owns the float, and they know it. +&nbsp; + +Final Bullish note: GME is joining in on the MOASS, and will issue up to 3.5 million shares and sell up to 1 Billion dollars for equity. They’re gonna join us in having fun timing the market and selling for peak profit/minimum dilution. +&nbsp; + +Do any of these catalysts guarantee the MOASS? No, but it will clearly put significant stress on the shorts. They can’t afford anymore slip ups, and we can expect any, and possibly all of these catalysts to trigger next week. Imagine 801, 005, the share recall, and the gamma squeeze occurring all in the same week. Very bullish. +&nbsp; + +Buy and hold, and don’t hold back. This might be your last opportunity to buy before the MOASS. Don’t get depressed if these catalysts don’t initiate the MOASS. All shorts must cover. + +Edit* u/inverseyourself has pointed out that there is no clear reference for the 60 day rule. Simply speaking, I pulled that number from the various reddit threads I have been reading, but upon deeper searching, I could not confirm is there is a 60 day law or not. As such, I am placing this edit here to clarify that share recall may or may not happen next Monday, but we should be on the lookout for a potential share recall in there near future: https://www.reddit.com/r/Superstonk/comments/mkpwco/incoming_catalysts_over_the_next_few_weeks_that/gthy883/ + +Edit 2 u/UnknownKill has linked an alternate DD that suggests that 005 is technical in nature and does not actually change how stocks flow within the market, and therefore is not a catalyst: https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/. Unfortunately, I am not smart enough to know who is correct, so as always, please do your own due diligence. It is possible that 005 is nothing more than a technical rewrite and has no implication on the GME MOASS. + +Edit 3 Credit to u/SeeTheExpanse for finding a citable academic source for the 60 day rule: https://www.reddit.com/r/Superstonk/comments/mkpwco/incoming_catalysts_over_the_next_few_weeks_that/gtiofs2/ + +According to this article: "There are a many rules and regulations that apply to the proxy process. To give shareholders sufficient time to make an informed voting decision, registrants must follow a timeline. SEC proxy Rule 14a-13 requires that a “Broker Search” be distributed to banks, brokers, and nominees and they compile a list of beneficial owners. This broker search is required to take place 20 business days prior to the record date for an annual meeting and ten days for a special meeting. Most states (for example, California and Delaware) require the record date to be set at a maximum of 60 days and a minimum of ten days prior to the meeting; New York sets the maximum at 50 days." +Throwaway account, even though I’ve never posted here from my main account. + +I recently had a financial meeting with my parents, and their advisor, and found out that I have a trust that is currently worth $10 million. Obviously this will continue to grow overtime in the advisor expects at least a 5% annual return. + +My parents started gifting my sister, myself and our spouses $25,000 annually starting last year. One thing my parents and the advisor recommended was that my sister and I start to put our gifts into a separate checking account where we are the only name on the account and also open up a personal brokerage account. This way it is safe just in case of divorce. + +We both discussed with our spouses that this was recommended they were not happy at all. Does it make sense to keep my assets/gifts separate? There was also talk of intra-family loans in other ways to gift us the inheritance (growth) before my parents death. + +My sister and I have both been with our spouses for more than 15 years and we are both in our mid to late 30s with kids. + +Any thoughts and advice would be greatly appreciated! + +Edit: my wife has always made about twice as much money as I do. So now she is worried that if we get divorced I will come for her assets while keeping my millions because they are safe in a different account. + +Edit 2: I really appreciate all of you that have commented already. None of this is my point of view, which is why I am seeking advice. I just wanted to see different points of view if they even existed. + +Edit 3: it seems like it wasn’t made clear the exact reason of the separate accounts. The 25k checks aren’t important to keep separate because it’s such a small percentage of the estate. But my parents and their advisor wanted to start a pattern of behavior because family loans will come into play eventually in the 7 to 8 figure range and they want that to be separate. I thought I made that clear in my original post, but it must’ve gotten glossed over. +I was planning to just bite the bullet, pay the LTCG, and then put it in the index. + +But I spoke to a Morgan Stanley advisor and he told me "Only fools pay capital gains" which naturally hooked me, then he told me a bit about their taxed managed indexing strategy for people in my position. They charge .65% on the first 5MM +I feel like i spent too much time reading on everything thats happening and I know its coming and most likely be very bad. My job depends on economy being healthy and im pretty sure ill be either making little or no job at all. I work in logistics. I have a mortgage and car loan to pay off. I own a decent number of GME so I hope that helps me be good financially in the future. Last few weeks been feeling depressed like a mf. + +Sorry just needed to vent somewhere +My daughter was cast in a traveling production of a Broadway play. She will be earning $1200 for her 4 performances. The production company will be sending us a contract and application to the local actors union. She is not required to be in the union, but would there be a benefit? At her age do I need to report the income? + +Basically what should I do to prepare her/our family for the income? Will she be paying taxes? Should we open a trust or just a savings account? + +$1200 is not life changing but I see more gigs coming her way in the future. She really loves performing. I want to have her money saved for her in the most responsible way I can. What should I do? +Hello Motos, + +EDIT 1- [Here is the DD in video form if you'd rather.](https://www.youtube.com/watch?v=9x1TLFMxiL0) + +https://preview.redd.it/o42v8khnfij71.jpg?width=751&format=pjpg&auto=webp&s=789462df0d4aeaa1d02364212322761d5d3806c5 + +So Yesterday I put out [this post.](https://www.reddit.com/r/Superstonk/comments/paok7a/update_to_my_divorced_puts_dd_and_how_it_still/) Which, in of itself was an update to [this post.](https://www.reddit.com/r/ApesMonkeyAround/comments/oetks2/a_look_amc_and_gmes_deep_otm_out_the_money_puts/) If you are interested in a deeper look at the mechanics of divorced puts then check either post out as I explain the mechanic's there. + +**The summary of both posts are as follows.** + +By using far dated, deep otm or itm puts SHF and Market Makers are able to transfer short interest held by SHF in a stock into FTDs held by Market Makers. + +They've been doing this all year but you really see it kick into effect during major price run ups. + +In Yesterday's post, I concluded that I could show; + +* GME had AT LEAST AS A BARE MIMINUM 90.9 million shares that had been converted from Short interest into Fail to Delivers. + +**Why I'm posting an update the next day?** + +I literally posted this maybe two or three hours before the run up. + +[u\/bobsmith808's photo.](https://preview.redd.it/bsvtljynfij71.png?width=691&format=png&auto=webp&s=3304b033ff803dbddb0515b8a8a36032fddfc436) + +As we were running up, plenty of eagled eye, including u/bobsmith808, apes spotted that there were large blocks of deep otm puts being bought. [You can see Bob's post about it here.](https://www.reddit.com/r/Superstonk/comments/paqkoc/more_market_fuckery_brought_to_you_by_deep_otm/ha7g75z/?context=3) + +As you can see there were swathes of Deep otm puts being bought, and auto executed for Sept 17th, with what ever software Bob uses. + +So given that my DD I posted literally spoke about this and then a few hours later it's happening in front of my very eyes, I thought I'd best give you all an update. This has also added in a factor I previously hadn't considered, and that was these trades weren't just sitting as open contracts but could also be auto executed contracts as well (but I'm broke and can't afford the softwares that track this so I'm stuck with Yahoo). + +**So what are the updated figures?** + +I haven't had the hugest amount of time to give into it, so to cut my work down slightly I was very restrictive in what I looked at. If I had more time or if I had the proper software to do this then I would have taken a deeper look. As such I limited myself to volume on a strike of over 1k in contracts for GME. + +Even with this hugely restrictive set of data I still found shocking amounts of fraud. + +&#x200B; + +>As it stands I'm broke as fuck and hold a tiny position. I'll be frank with you all, if I somehow came into money I wouldn't use it to buy/pay for software subscriptions but use the money to increase my position. I don't say this looking for sympathy but as a way of explanation as to why I don't use the fancy dancy software some apes use. + +With that in mind, I had to use Yahoo Finance's free options chain page. But from it I could see the following. + +Yesterday there was deep OTM puts bought and executed for the following EOW dates & Strikes + +**GME** + +Sept 3rd + +* $160 strike and 2k contracts. + +Sept 17th + +* $35 strike and 33.4k contracts. +* $30 strike and 3.6k contracts. + +Nov 19th + +* $5 strike and 7.5k contracts. + +This is a total of an additional 4.65 million shares converted from Short interest into eventual fail to delivers. + +**Why I've included the 3rd Sept otm, but nearer to the money puts.** + +Just want to tackle this right away. There's a chance that these weren't used for the tactic of converting short interest to Fail to Delivers but given the fact that they would highly likely expire worthless and also would add downward pressure I've included them. + +**My Takeaways from this.** + +My big takeaway is that this is far more systematic and apparent than even I first thought, and I already thought it was a Godzilla sized problem. + +Secondly, given the sheer quantity that's likely pumped through everyday in this fashion either the hidden amount of synthetic's is much larger than ANY OF US can imagine or they are also using this tactic to trade fail to delivers to each other. + +Given the way they do this, it also allows them to close out short interest and then reopen said shorts again, and again, and again. Allowing them to apply, fraudulently (not unusual for these bampots), a massive amount more shorts than should be feasibly possible. + +**How am I so sure this is fraudulent options activity?** + +Someone asked this, very valid, question of me yesterday. Rather than just vaguely gesture at the OG DD, or yesterday's update, or today's update. I'll stead talk you through this. + +For Jan 21 2022 there are 134,000 put contracts with a strike of $0.50. These contracts were still being bought yesterday. These contracts are being bought for a $0.01 per share premium. Meaning for these contracts to break even the price of GME has to fall 99.75%. Also if, by some fucking wizardry, the price of GME was to fall to $0.01 these contracts would still only earn $48 per contract. + +These aren't being bought as a hedge against the stock crashing. These are being bought as the clearest, most apparent and transparent evidence of market manipulation you can get. + +**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! +Old TOS: **"Your private information is never for sale"**(https://www.reddit.com/help/privacypolicy?v=33a67dd2-e2c6-11e4-807a-22000b248ffc). + + +New TOS: **"Except as it relates to advertisers and our ad partners, we may share information with vendors, consultants, and other service providers who need access to such information ..."** +(https://www.reddit.com/help/privacypolicy?v=e8c8da2a-8faf-11e5-aac4-0eb32ca8011f) +Hi there, + + +My 62yo neighbour popped round to tell me he's splitting up with his partner. He's a proper working-class lad who admits he spends too much time down the pub. + + +He is splitting up from his partner (who also happened to pay his wages via the family business). He's never controlled any finances, everything in his partner's name and never had a proper bank account or pension etc. + +He's luckily got himself a nightime warehouse job at Tesco, but the money won't be liveable here in the SE. + +So: + +&#x200B; + +\- He needs somewhere to stay with no financial history (landlord won't accept a 6month upfront payment). + + \-He's got himself a Santander debit account now. + +\- Any organisations he can speak to? This guy is closer to a teenager when it comes to "real life" experiences borderline "vulnerable". The poor guy doesn't know where to start. + +\-Any bonus tips on where he can rebuild his life from a social side? His mates all down the pub which he wants to avoid for obvious reasons. + +EDIT: Huge thanks to everyone’s advice! Now to find a subtle way of suggesting he gets legal advice without pissing off his wife. + +Il also direct him to the council and Shelter! +*EDIT: Volume 2 coming next week.* + +So I decided to visit the infamous /biz/ board on 4chan out of a mix of lockdown boredom and curiosity. I heard it’s basically the polar opposite of the crypto subreddit, while still being focused on the same subject so it had me wondering what it is like on 'the other side’. + +1. Ripple holders on there are a full blown cult, they go to great lengths with their conspiracy theories, desperately trying to connect senseless ‘breadcrumbs’ regarding the SEC lawsuit and protect their coin with absolute conviction. They are regarded as ‘schizos’ by everybody else and even themselves at this point. After the recent ripple pump they might honestly become even more culty and think of themselves as prophets. +2. The BSV camp is similar but it seems a bit more goofy. Their conspiracies are obscure and hilarious at the same time and they spread them almost ironically it feels like, as if they’re trying to get a reaction from the BTC maxis. There is a good chance that they are just trolling honestly, but I can’t tell for sure. For example there was this theory that when Tesla announced their bitcoin purchase, they actually bought BSV and not BTC, since BSV is the ‘real bitcoin’ made by the ‘real satoshi’ AKA Craig Wright. Obviously it was supported by nothing other than wishful thinking. They keep throwing out random dates when Craig will finally prove that he is the real satoshi and then just change it to something else. To me it’s just too funny to be real. +3. There is a cult of old LINK holders who bought it for pennies and never sold, believing the project will go to a 1000$. They call themselves 'stinky linkies' or 'link marines' I honestly wouldn’t be surprised if some of them die irl before they sell their LINK. Their memes are top tier and they make fun of the core dev called Sergey Nazarov(Sirgay Betray) for being fat and ironically overreact when the developer wallet sells some LINK, saying that it’s over and that Sergey once again, you guessed it, betrayed them. Interestingly, from what I gathered, he never acknowledged 4chan or anything from them publicly, which makes their dedication even more bizarre. +4. There is a ton of shilling, and I mean a TON, everyone shilling meme coins and animal coins, the vast majority of them are obvious scams, or as they call it ‘rugpulls’. Very rarely is there something legit that sticks for longer than a week. Despite the sea of rugpulls, there are a few groups that are loyal to one project, seemingly trying to replicate the success of link and become the next ‘link marines’. The most popular seems to be a project called Rubic. Similar to Link, it also has russian devs and a bit similar logo in terms of shape, so I guess that’s where their interest came from. +5. People discussing stocks are called boomers, but there is not THAT much animosity between them and the dominant crypto crowd, that is unless you are talking about GME specifically. Everyone discussing/holding GME is a cuck who drinks soy and should ‘go back’(to reddit obviously). Generally, stocks are just referred to as ‘cringe’ and not ‘based’. + +This is by no means some 4chan hate thread, just a few observations I noticed and felt like sharing. The social dynamics are completely backwards and it can actually be very refreshing. +When I listen to tasty trade, they often talk about managing delta/having delta neutral strategies. + +While I understand delta, I'm confused wrt the execution. + +For example, if I sell a 30d put on AAPL, I'll be long 30d. And if I do that for another 2 stocks for eg, META & AMZN, I'll be long 90d in total. + +Now in order to "manage delta" does that mean I should sell some calls as well to make it delta neutral? When I sell the calls, should I sell against the same underlyings as my long delta or can I just use beta weighted delta against spy to hedge the delta? + +Also, the reason for this I presume is to not be directional and let theta do it's work? + +Appreciate all education. Thanks! +I have recently discovered the wheel strategy and have been doing it for about a month, so far it has been going quite well relative to the market, but I am worried this wont be reproducible when things calm down. + +I have been wheeling SPY by selling OTM options expiring in 2-3 days since SPY has such frequent expiry it seems to produce a lot more opportunity for getting premiums. I recently got thinkorswim set up so I could do some backtesting and I have not had much luck getting the strategy to work reasonably well in my back testing. + +Is SPY not a good choice to do the wheel in normal conditions because it has low IV/premiums? +Should I be selling further out options in normal times so that the premiums are more substantial? +Curious to see if there's anyone out there who has essentially accumulated 'free' shares through selling Puts and Calls on a specific underlying. How long did it take you and what was the underlying? + +If you haven't quite gotten 'free' shares, what's the most you've reduced your cost basis on a specific stock? +Option Guidelines I have developed and refined over time. Please feel free to add your own and or critique mine. I know there are far more experienced sellers than me. + +My results since I joined the website: + +https://thetagang.com/catchyphrase + +Selling Puts + +1. No entering positions in morning. Only after 11:30AM, preferably 1 hour before closing bell. +2. No premium under $1 +3. No selling puts with > -.15 delta +4. No theta less than $5 if expiration over 20 days +5. No expiration over 35 days +6. No expiration under 2 days +7. No holding until earnings +8. No meme stocks +9. Gains over 20% automatic OCO stop limit order to get out at 90% or 15% +10. Gains over 50% in less than 1/3 time till expiration, must exit. +I am new to ThetaGang and want to buy some LEAPS on blue-chips like AAPL to sell PMCCs against. Specifically, I'm planning to buy my LEAPS with a 2 year expiration, so relatively long term, and then sell monthlies/weeklies. + +However, there's a good chance that the market will correct or even crash (hopefully not) in the next few months and really destroy my LEAPS. In a situation like this, is the capital saved worth the opportunity cost of waiting? Do you typically go cash-gang in situations like this? Or does it not matter if your scope is long term? Thanks. +I'm looking for a website and/or service that allows me to search companies with a defined price range and options IV. Any suggestions? +If you know about any stocks within these approximate ranges, it would be appreciated. +Price: $10-40 +IV: 70-100% + +Thanks! +I was selling CSPs on QS, but my order didn’t get filled last week and I decided (luckily) to just let it be. I knew the risks, but I honestly was not prepared to deal with such a dramatic drop in one trading day. + +How will you manage your trade? I’d love to hear what can be done in situations such as this one +I'm not a huge player, I've got about $125k in cash in a margin account, then about $40k in boring stocks that I got stuck in (CP, CAG... widow and orphan stuff) in another cash brokerage account. Yeah, I like to temper myself by keeping funds separate. I'm like that. + +Just considering the $125k, 100% cash, margin account for running the wheel. + +So schwab describes it in terms of "short option buying power", and opening value is the cash value... $125k. + +I wrote an ATM put on C when it was $66. After collecting a little bit of premium (boring, stable stock), I went back and checked the impact on the SOBP. Schwab reduced it by $1,100. + +Okay, so on a blue chip, 30% margin requirement stock, schwab is basically telling me that I have 6x the put shorting power than a cash account would have (a $66 short put strike price would tie up $6,600). + +So I suppose theoretically, schwab would have let me sell 113 of those puts ($125k ÷ $1.1k); or, better to say sell about $750k worth of strike on those 30% margin stocks. + +Now: no one in their right mind is going to use all available buying power. If any of those underlyings dropped at all, schwab would sell off the idiot in a heartbeat. + +That being said, I'm assuming most of you aren't exclusively running cash secure. + +So my question: what is the most advantageous amount of put-shorting? And yes, I do intend to manage; I'm not just letting them drift toward expiration. + +At present, in this $125k margin account, I'm short about $230k worth of strike on 19 underlyings, majority of which very boring blue chips, including CI, COF, BSX, FIS, FISV, EOG... + +So I'm using just under 1/3 of that SOBP. + +Is this too conservative? Given the types of underlyings and the willingness to manage, should I be using closer to 50% of that SOBP, and selling puts on closer to $375k worth of strike? + +Talk to me... +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +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. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Hey AF, + +Man, I'm in a bit on a conundrum that is absolutely killing my anxiety, I'm an absolute nervous wreck atm. + +A few months ago I bought an apartment that seemed to tick all the boxes, it turns out, I have a tradie neighbour that gets up at 5am every day, to a cacophony of noise, this dude seems to not sleep in even on weekends and it's killing my ability to sleep. Not only that, there's a myriad of noises up until midnight, so I'm scraping by with 5 hours of sleep a night. + +I'm either going to have to rent this place out and rent a new place of my own or sell this one, get a bridging loan, and buy a new place. Is a bridging loan the most viable answer here? +One of the big questions of ape history: If apes only buy and hold why is the price not moving accordingly.... + +And I mean not the fast dumps which we experienced triggered by short ladder attacks (yeah I know professionals call it wash trades but let’s stick with ape language) this is about the constant slow declines which we experienced over the past 2 months and the price suppression on nearly no volume. + +This might be an answer to it. + +All the credit for the parts about the round/odd lot theory goes to u/CrsCrpr who was diving into Kenny’s dark pool and came up with the below explanation which makes a lot of sense to me and which I have simply copied below. To those apes who are already familiar with the principle of round/odd lots or those who find it too boring, feel free to skip that part and jump right to the conclusion. + +His work was originally done based on reviewing the order lots on the unspeakable stock starting with A and ending with C but obviously the exact same method applies to GME. + + +**TL/DR -- The price is being manipulated but maybe not how we think. Routing retail buy orders through dark pools instead of letting them go directly into the market and Shitadel as market maker deciding when and how many retail orders are reaching the market at a certain point of time manipulates the algorithm which creates the market price. + +In other words they continue doing what Robin Hood did in Jan on big scale, i.e halting retail buy orders, since then continuously on small scale and on a daily basis... + +Now lets get right into the wrinkled brain fun: + + + +u/crscrspr noticed an odd phenomenon on his MooMoo app. Beside the time in the Bid/Ask purchase log were letters. Some showed an "I" and some showed a "W". + +&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;#x200B; + +*Processing img wmu59rubpuf71...* + +&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;#x200B; + +*Processing img 4ybpeymoquf71...* + + +He put on his ape decoder ring and via a [MooMoo support page](https://support.moomoo.com/topic434) was able to determine that the "I's" were "Odd Lot Trades" and the "W's" were "Average Price Trades" + +&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;#x200B; + +*Processing img v6ycegoisuf71...* + +Although I haven't been able to find what exactly an "Average Price Trade" is, I did find another [MooMoo support page](https://support.moomoo.com/topic326?clientpos=1&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;user_id=70867823&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;is_visitor=0&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;skintype=0&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;clienttype=50&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;clientver=11.10.9158&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;clientlang=2&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;user_id_type=2&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;user_main_broker=WyAyIF0K&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;url=2301348) that gave a brief explanation of what an "Odd Lot Trade" is: + +&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;gt;2.Odd lots:  + +Round lots are defined by the exchanges and generally refer to quotes to buy or sell 100 shares of a given security or a larger number of shares divisible by 100. Odd lots, or orders for fewer than 100 shares, are not included in the NBBO and are not currently distributed by the SIPs. + +The support page even includes a helpful little chart: + +&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;#x200B; + +*Processing img jk8tghcjtuf71...* + +Now I could be more retarded than the average ape but it sure looks like the "Odd Lot Trades" are allowed to be traded without affecting the price. + +Well this got me curious enough to postpone Googling "Jacked Tits" for a few more minutes and try to find out more about this use of "Odd Lot Trades". + +[According to Investopedia:](https://www.investopedia.com/terms/o/oddlottheory.asp#:~:text=1%20Odd-lot%20trades%20refer%20to%20are%20orders%20involving,against%20these%20uninformed%20traders%27%20activity.%20More%20items%2E%2E%2E%20) + +&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;gt;The odd lot theory is a technical analysis **hypothesis based on the assumption that the small individual investor is usually wrong** and that individual investors are more likely to generate odd-lot sales. Therefore, if odd lot sales are up and small investors are selling a [stock](https://www.investopedia.com/terms/s/stock.asp), it is probably a good time to buy, and **when odd-lot purchases are up, it may indicate a good time to sell**. + +So unless I'm missing something ... + +1. When retail investors (apes) buy stonks, the trade is identified as an "Odd Lot Trade". +2. When stonks are purchased via "Odd Lot Trades", it doesn't always positively affect the price. +3. When buying pressure is led by "Odd Lot Trades", it could negatively affect the price. + +So armed with what I thought could be a wrinkle, I started scrolling the transaction logs on MooMoo for the AH and found many, many odd lot trades being pushed through AH so as not to affect the share price and possibly even negatively impact it. + +&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;#x200B; + +*Processing img u5tefmwtvuf71...* + +&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;#x200B; + +*Processing img w47sarjvvuf71...* + +I believe this is how 94% of the share volume was buys and yet the XMC price declined by 8% as [u/One-Artichoke-7689](https://www.reddit.com/user/One-Artichoke-7689/) pointed out and how they continue to drive the price down when apes are buying up the rips and the dips. + +**Conclusion:** + +**A typical stock trade on the US Stock Market has about a 20%-30% retail ownership and institutions/hedge-funds usually hold the other 70%-80% of shares. When institutions/hedge-funds buy and sell stock, they do it in "Round Lot Trades" or blocks of 100 shares per trade.** + +**Retail investors have less capital than institutions and, with most stocks of value, can not purchase 100 shares at a time. When retail investors buy and sell stock they typically do it in smaller increments than 100 shares. Since the order is less than 100 shares it is classified as an "Odd Lot Trade".** + +**The algorithm that sets the prices in the bid/ask spread are taught to view the "Round Lot Trades" as "Smart Money". The algorithm detects buying and/or selling pressure by tracking the "Round Lot Trades" and when it determines there is more stock than buyers, the price goes down. If the opposite happens the price goes up. At the risk of oversimplifying it; it's a simple supply and demand equation derived from the "Round Lot Trades".** + +**So what about us retail investors and our "Odd Lot Trades"? Where do we fit in?** + +**The same algorithm that sets the bid/ask spread based off of the "Round Lot Trades" has been taught that retail investors are "Dumb Money". When the algorithm sees "Odd Lot Trades" it just dismisses them. Those sells and purchases are not even factored into the price most of the time. In fact, they think we're so dumb, that they developed "Odd Lot Theory" which basically states that if retail is buying, serious investors should sell and vice versa.** + +**When it comes to the typical stock, it's actually useful to base the bid/ask spread off of the "Round Lot Trades" to limit market volatility. The best I can tell, stocks are traded by lots. If the HF sells a lot with 100 shares and a retail investor buys a lot of only five shares then those two lots would cancel each other out. Essentially the five share lot would move the price just as much as the 100 share lot in the eyes of the algorithm because they are both a "Lot" of shares. For that reason the algorithm ignores the "Odd Lot Trades" and market sentiment leans towards bearish if retail is buying and a bullish if retail is selling.** + +**What makes GME and XMC unique is retail investors own the float. Over the last couple of months we've seen a massive push to brokers that do not participate in PFOF. Coincidentally, about the same time we started figuring out how to route our trades directly through the NYSE the price began to steadily drop. Yes, there is dark pool manipulation being used to drop the price but maybe different than we thought.** + +Conclusion: + +I mean we all keep wondering when apes only buy and hold and we own the float how is it that the price is not showing a continuous upside as it would be natural but quite the opposite. + +Well, I guess what we all understand is that the market price is based on algorithms which consider the bids and asks and buy and sell volumes. + +So if I don’t let the buy volumes of retail hit the market price algorithm, but instead reroute them with lagging timing through dark pools I can suppress the positive price action. + +We have further learnt in the meantime that clearing a transaction if retail buys some shares takes 2 days. And we also learnt that Shitadel is as well the biggest market maker routing the majority of retail trades on the US market so our buy orders are in their hands. + +So they can hold retail orders back for a certain time and fck around with them as they like and ensure that their short volumes impact the market price stronger than the much bigger retail buy volumes. + +Simply by phasing and letting trickle retail orders into the market only in little bits and pieces but at the same time hammer the algorithm with big sell lots which tricks the algorithm into believing that there is more sell pressure than buy pressure while in reality it should be the other way round. + +The lack of volume which we have have seen over the past weeks would further support that thinking... + +But I’m just a little ape, what do I know, all I understand is buy and hold.... + +**The price seems fake because it is fake. We're not watching what the buying power of apes is doing or not doing on a daily basis, we are watching the hedgies and whales duke it out.*get in* +I got into crypto for the potential profits on offer. I’m not talking necessarily life changing money, but more consistently market beating returns. And I’ve not been in long enough or accrued enough of a stack to have made any profit of any real note. + +Although I came for the profits, I’ve definitely stayed for the tech. In particular, DeFi use cases and potential future adoption are something I’m both very interested in, and bullish on. + +One thing that’s mentioned a lot on here is DCAing to just sit back and slowly accumulate, missing out on the ups and downs on the market. And that’s a great option. It’s definitely low stress. + +I’ve found it most helpful to view my crypto holdings in terms of accumulation. Building my stacks. Rather than in profit. Obviously, as someone interested in making money, I’d love for those stacks to be worth many times what they are today. With enough time and patience, they hopefully will be. + +Instead of focusing on how much your portfolio is *worth*, thinking in terms of how much you’ve accumulated can really help when we see dips / corrections / the bear market. Rather than your portfolio being worth X yesterday, and now Y percent less today; these are good opportunities to add to your stacks. + +The more hopeless it may seem, the lower the market and your coins sink, the better the buying opportunity in most cases (read: not with shitcoins and scam coins). + +Key to all this is putting in what you can afford to lose, and what you don’t need access to anytime soon. However much of a “sure thing” you think something is, stick to this mantra. I also like trying to make the most of my stacks with the money I’m putting in - by focusing on buying on dips that take my cost-per-coin lower than it previously is. I enjoy the element of competing against myself to get more of a coin for the same amount. It definitely helps me with focusing on accumulation, and taking the little victories along the way. +Had a telehealth visit back in the summer and waited for thirty minutes and the doctor did not show up. The doctor then calls me later that same day randomly for a call that lasted 2 minutes to tell me to continue my current medication + +I got billed for a 45 minute office visit. I have been fighting it for months now , going back and forth showing screenshots with time stamps of how she never showed up as I was waiting on the site for her to start the call, and a screenshot of the call record time stamp. They finally said they would adjust it. Just received the updated bill and its coded as a 99123, which is a 20-29 office visit and she said that they can’t do anything because that is the lowest code they bill. + +How do I fight this? I just don’t see how it is legal that I now owe them $100+ when the doctor didn’t show up to my scheduled appointment and then I get charged for a 20-29 office visit when she only called me unannounced for a 2 min conversation. They’re saying that even though she didn’t call me at the appointment time, the window holds for the whole day and she still offered me a service in that two minute call. + +Any tips on how to fight this? Would it be bad if I just not pay this and it goes to collections, could I try to negotiate with collections and lower it? +Source: https://www.scmp.com/business/china-business/article/3196994/hong-kong-stock-index-slumps-below-16000-mark-new-13-year-low-chinas-leadership-reshuffle-leaves-no + +CNBC article: https://www.cnbc.com/2022/10/24/asia-markets-stocks-currencies-japanese-yen-economic-data.html + +HSI 15,157.54 +−1,053.58 (6.50%) today + +Hang Seng tech index down 7% and limit down is 10%. Total capitulation. + +EDIT: **JFC, Hang Seng tech index now down 9%** : https://twitter.com/Fxhedgers/status/1584427191965605888 + +---------------- + +Hong Kong’s benchmark stock index sank below 16,000 points for the first time in more than 13 years after President Xi Jinping strengthened his grip on power with key allies and signalled no let-up in scrutiny over private businesses. A better GDP report failed to cheer traders. + +The Hang Seng Index slumped 5 per cent to 15,401.64 at the local noon trading break, the lowest level since May 2009. The sell-off was the steepest since March 15. The Tech Index tanked 6.7 per cent while the Shanghai Composite Index declined 0.9 per cent. HSBC added 0.1 per cent before its earnings report. +Alibaba Group plunged 9.8 per cent to HK$62.80, set for a record-low close, and Tencent Holdings slumped 8.3 per cent to HK$213.40. Meituan crashed 11 per cent to HK$125.40. Chinese developers Longfor Group plunged 12 per cent to HK$16.84 and Country Garden lost 7.7 per cent to HK$1.32. + +Xi secured a tradition-breaking third-term as the Communist Party boss after its 20th National Congress over the weekend, and headed a new seven-member Politburo Standing Committee (PSC) with four close allies, while sidelining Premier Li Keqiang among others. + +The risk premium for Chinese stocks in offshore markets “could stay elevated in the short-run, possibly due to investor concerns over the absence of recognised market-oriented economic reformers in the newly-configured PSC,” Goldman Sachs said in a report to clients. + +Xi, in a report to the Congress, had called for “regulating the mechanism of wealth accumulation,” signalling a tighter oversight of private capital following months of crackdown on tech companies, while also pushing his vision for “common prosperity to help close the wealth gap in the nation. +HSBC gained 0.1 per cent to HK$41.60. Pre-tax profit probably dropped 55 per cent from a year earlier, according to market consensus, before its third-quarter report on Tuesday. Standard Chartered retreated 2.4 per cent to HK$48.20, while Bank of China lost 1.5 per cent to HK$2.61, with both reporting later this week. + +Consumer stocks led losses on onshore bourses. Liquor distiller Kweichow Moutai tumbled 6 per cent to 1,517.01 yuan and rival Wuliangye Yibin slid 4.6 per cent to 145.17 yuan. + +A government report on Monday showed the economy grew 3.9 per cent last quarter, beating market consensus of 3.3 per cent. Retail sales rose by a slower-than-expected 2.5 per cent in September, while industrial output and fixed-asset investment both exceeded expectations. +The data showed “a lack of consumer confidence after frequent pandemic lockdowns,” partly explaining the slump in Alibaba and Tencent share prices, said Dai Ming, an analyst at Huichen Asset Management in Shanghai. “Investors now find it difficult to evaluate the stocks.” +I’m sorry I just have no one to talk to about this.. you all are my family. + +EDIT:Changed the flair to a more suitable one + +This morning I got the call. My mother who is the rock of my life, over a thousand miles away suffered from a stroke and was unresponsive. My world stopped, I’m a guy 26, living paycheck to paycheck trying his best to hold it together and then the universe hits me with this. I want so much to give her the world, and to give my parents everything they deserve. She is recovering from a blood clot removal in the brain and she may have to learn to talk and walk again. My father is not someone who can handle this on his own. I’m not a large holder, but ahead of me lays a true test. I hope I can watch this moon with you all and get her the best treatment.. it if it comes to worst I will keep 2 shares, one for the pool, and one for my momma. I love you all. And gods speed to the moon my friends. +I went from making $17 per hour to $102. It's a mistake and i know they're going to fix it but until then I'm gonna get an extra 5k on my paychecks which i'll have to payback at a later date. Whats the best way to hold on to the money and maybe make a profit in the mean time? + +**Edit*** Yes i informed my HR the same day i noticed, they told me i would take a few pay periods to fix. Trust me i know i can't keep it life is not that good. +Just read [this article](http://theweek.com/articles/790578/corporate-debt-ticking-time-bomb) entitled "Corporate Debt is a Ticking Time Bomb" and it got me thinking. This debt binge has been a result of the historically low interest rates which probably lessens the concern but this caught my eye: + + +\> "Ostensibly, the reason companies borrow is to finance expansions. Yet business investment in the economy [fell over the same period](http://theweek.com/articles/587462/giant-corporate-money-hose-nowhere) that borrowing increased, and is now at astonishing lows. But even as the correlation between borrowing and investment broke down, the correlation between borrowing and payouts to shareholders [tightened up considerably](http://rooseveltinstitute.org/disgorge-cash-disconnect-between-corporate-borrowing-and-investment-1/). Part of the reason is dividends. [But an even bigger part](http://theweek.com/articles/538864/evil-stock-buybacks-how-corporations-became-atms-superwealthy) is share buybacks, which were deregulated in 1980 and have now grown [to epic proportions](https://www.nytimes.com/2018/05/18/business/tax-cut-stock-buybacks.html)." + +If the debt isn't growing the business and just paying out shareholders, while great for investors, doesn't improve the business's bottom line down the road. +Honest question here. I saw them rally when the CPI was released, but then they crashed back down. Does that mean that market participants get into bonds and expect a brutal rate hike next year? Or was the CPI somewhat ok? Freaking Apple hit ATH again, I can't believe it TBH. 65-70% of stocks are trading below their 200 EMA. Is all of this already priced in? Those who believe in TA may see that Gold has a very bullish chart. Anyways, I am really interested to hear your opinion. +**Property / Loan Specifics:** + +Area: Midwest + +Property Type: Triplex + +Purchase Price: $267,000 + +Down payment: 3.5% + +Closing costs: $13,000 + +Rate: 5.99% (with .70 points) + +Monthly Payments: $2,200 (PMI accounts for $200 - will get removed after I reach 20% equity mark) + +&#x200B; + +**Rent:** + +\-Unit 1: $1,200 (2BD, 1B) - (After renovations) + +\-Unit 2: $950 (2BD, 1B) - Unrenovated + +\-Unit 3: Owner occupied (1BD, 1B) + +&#x200B; + +**Deferred Expenses:** + +\-Federal Pacific Electrical Panels + +\-Replacing all 3 furnaces + +\-Replacing 2 water heaters +I found a plot of land that has a sticker price of $4,000 for a tiny 0.17 acre lot of land. Even better they are offer basically 0% interest owner financing on the land, approval guaranteed. The stipulation of the owner financing; $250 upfront and a land title deed is transferred to me, and I would have to pay $70/month for 54 months. + +&#x200B; + +The conditions of the listing say that it's there's no HOA, and the land is unrestricted residential land. The listing also claims the annual property tax is $56.75 paid annually ($56.75/year). + +&#x200B; + +This sounds almost like it's too good to be true. How could land exist out there 30 minutes from the gulf of Mexico, be $4,000, be unrestricted land, offer owner financing, and not have a HOA? + +&#x200B; + +Has anyone seen any deals like this or do alarm bells ring about this property? + +&#x200B; + +When you bought land what procedures did you do? +I’m 23 years old and I’m looking to start a portfolio of rental properties. I have an income of $50k/yr and have enough for a 20% downpayment. + +What is the best way to convince banks to give me my first mortgage on a rental property? Should I crunch some numbers on a few rentals and show them the ROI? +Or did the seller get an appraisal that Zillow got the data for as well? + +But here's the situation: House Z-estimate was +/- $500K for the last few years. Then the house gets put on the market for $750k and the Z-estimate spikes to $730k +An elderly couple was displaced by a house fire and they are looking for a short-term rental while they rebuild their home. They are interested in renting our home for at least 6 months and then going month-to-month. Apparently, their insurance company will be paying the rent (I'm not sure if the rent will come directly from the insurer or indirectly through the couple). What sort of changes and/or additions should I make to a typical lease agreement? Is there anything unique I should ask or request from the tenant and/or insurance company? This is in New York. Thanks for your input. +When purchasing a property in cash, is using an escrow service really necessary? + +I’d like to save on closing costs and don’t see why I need to pay for 40% of escrow as the buyer when I am willing to pay all cash. Broker uses escrow as policy but it doesn’t seem necessary because 1. Property is just a staked land lot so there isn’t a inspection that really needs to be done and I’m fine assuming some risk there and 2. It’s all cash + +What does this sub think? + +Thanks for your help +Hello personal finance saviors + +My story is: + +Me and my fiancée decided to move to the United States[Kansas] (she's a US citizen while I am from Egypt) the system of finance in my country is totally different I have been always relying on debit cards and saving account hence spending only what I have and managing to save as much as I can. + +The situation is that I managed to save around 5k USD (not that much but that's around 50k of my national currency). +My fiancée in contrary is spending a lot on lots of unnecessary stuff for example buys new clothes every month or so and she is in big debt (university loans and whatnot) but since we are marrying soon after I come to the US (next month) I am totally in the dark side of the financial stuff like what do I do with my savings? Just open a normal savings account? Which bank do I use[Kansas state]? and what are the investment opportunities? Is joint account going to be risky for me giving the inputs above ? Taking into consideration that I won't have work until I get my permission. I am not asking for specific tailored responses I am willing to put as much research as I need I just need some guidance on where I can search for options to choose from. Some responses that could familiarize me with the financial sector would be great. +(I apologize if there are any mistakes in my post) + +TL:dr : moving to the US with my future wife having small savings of 5k USD but know absolutely nothing about financial life in the US + +Edit: correcting two words +* I didn't expect so many comments and recommendations thank you everyone * +Wanted to continue the original thread [https://www.reddit.com/r/StockMarket/comments/gcgns0/airline\_stocks\_crash\_monday/](https://www.reddit.com/r/StockMarket/comments/gcgns0/airline_stocks_crash_monday/) about the Airline industry. Major hits for JETS ETF, DAL, BA (etc) last few days, and we are at new lows again today. How much lower do we go? +Using a throwaway. + +Five years ago I was working in the UAE, when I was laid off and had to leave suddenly since my visa was cancelled. I left with some credit card debt ($4000) and no way to pay since they only accepted ATM or in person payments. + +I am now living in east coast America, my credit is great and make all payments on time. I received a letter from a CA in California last week that they are collecting a debt of $8000 with $17000 in interest. I have sent a debt verification letter but haven’t heard back over the holidays. +What do I do with foreign debt at a collection agency? +Would the collection agency even be able to report this since it is foreign? +How would the statute of limitations even work? I originally moved to a southern state with 3 year SOL but moved after 2 years to another state that has 6 year SOL. + +This is very stressful, please help with advice. Thanks. +My request: If you really want to downvote a post, please provide some information why. Content creators are getting heavily discouraged about no-reason downvote waves and it hurts everyone. If you provide feedback or critics, then you help the content provider to improve. + +I am really starting to get angry about the current sentiment of this sub. EVERYTHING is downvoted instantly as soon as it's posted or commented. I go through the posts by new and 80% of the comments are sitting with 0 or -1 because of the downvoting bots or users, I can't decide. + +You see posts with 15-25-30 comments and 1-2 upvotes only and every time I refresh on them, they go back to 1 or 0, constantly downvoted regardless of the content. + +I upvoted everything so far which wasn't harassment or negative attitude towards the others, because I wanted to counter these "attacks", but it looks like a lost battle. If it's not a controversial post about moons or a sob story (I like some of them too to be honest) then it won't reach front page. + +Posts about tech or news barely reach anything. Please if you like a post support it, not just comment, because it won't get any exposure and won't reach more users. +I work with a small, independent financial institution and I was tasked with doing some research about market volatility. + +I found that ETFs have increased almost 18 fold (from about 120 to 2200) since 2003, which of course means more companies are being tied to variables other than performance to determine stock price. + +I wanted to compare that to the number of domestic companies listed on the market to try and figure out an “average” number of ETFs a stock is in to come up with my own volatility metric. + +It was shockingly hard to find how many US companies are listed on the public market by year. In order to get that figure, I had to hunt and pull from numerous sources - especially for more recent years. + +We used to report how many companies were listed publicly on the market to the World Bank by country. The U.S. stopped doing that in 2018. + +But why’d we stop reporting such a basic piece of information? + +Because it was bad. You see, the number of companies listed on the stock market has been in a steady decline for the better part of 20 years. In 2003, there were about 5200 domestic companies on the market. Today, it’s just under 3000. + +Interestingly, mass media stopped reporting on this alarming decline. I found an article on this topic from the WSJ titled “Where have all the public companies gone?”- from 2017. There has been some better coverage of the matter on foreign pubs like the Financial Times, but still pretty barren. + +Why did we stop reporting the number of domestic companies listed on the market to the World Bank in 2018, and any coverage of this matter by U.S. media outlets basically get cut off around the same time? + +Because the situation actually took a major dive. We were losing a maybe 100, 200 companies a year on the steady decline, but between 2018 and 2019, we lost about 900. The news was so bad we didn’t even want to tell the World Bank, and the financial media didn’t bother to cover it because they’re spineless pieces of shit funded to push a narrative onto the masses. It’s why they exist, it’s who pays the bills. It’s why I say we need to [pick a media source and collectively pay their bills, or all we’ll get is the “news” someone else paid for us to get. ](https://www.reddit.com/r/Superstonk/comments/oalt6n/buying_awards_from_reddit_incentivizes_them_to_do/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) + +So what they did to offset the fact that they had cannibalized the American economy was create more and more ETFs. Fluff. ETFs are the stock market’s CDO analog. I believe this is the real impetus behind the SPAC wave we had - fewer companies want to go public and put their companies in the trash compacter that is the American stock market. Those assholes just want to put their straws in your milkshake and are trying to find victims and lead them there. It also explains the drastic [rise in private equity](https://www.google.com/amp/s/www.forbes.com/sites/forbesfinancecouncil/2021/06/08/private-equity-market-poised-for-growth/amp/) \- they had to go hunting. Wouldn’t you know it, the exponential rise in SPACs began right about the same time we stopped reporting how many domestic companies were on the US stock market. Needed more lambs to slaughter. + +It’s convenient that the media hasn’t been reporting on the fact that the pool of public American companies is shrinking, because now, as companies are increasingly grouped in ETFs, which by extension creates volatility, they can blame it on UnSoPhIsTiCaTeD rEtAiL tRaDeRs despite the fact that this trend has been in motion for decades. My guess is after the 2018 drop, they realized their parasitic ways were going to kill the host. so they really went ham with fraud. + +It doesn’t take a financial degree to know that fewer companies means bigger wealth disparities. + +Not quite GME related, but further support for the disgusting practices of Wall Street and their “it’s poor peoples fault” tired ass playbook. + +EDITS: WSJ article from 2017: [https://www.wsj.com/articles/where-have-all-the-public-companies-gone-1510869125#:\~:text=There%20haven't%20been%205%2C000,Today%20there%20are%20only%203%2C671](https://www.wsj.com/articles/where-have-all-the-public-companies-gone-1510869125#:~:text=There%20haven't%20been%205%2C000,Today%20there%20are%20only%203%2C671). + +World Bank data: [https://data.worldbank.org/indicator/CM.MKT.LDOM.NO](https://data.worldbank.org/indicator/CM.MKT.LDOM.NO) + +The article with the graph I made to visualize this trend: [https://myhappynest.com/3-reasons-why-private-reits-are-strategic-hedges-against-volatility/](https://myhappynest.com/3-reasons-why-private-reits-are-strategic-hedges-against-volatility/) + +Not sure I can just post the graphic here, but full disclosure, this is to the site I was doing the article for, so it's promoting a private REIT. They don't even know I'm posting about this, I just thought it was interesting info. + +Edit 2: I added this as an article to my independent media site. Someday, I hope to make a living off of reporting on things that matter. You may find this surprising, but my type of reporting isn't welcome in what this community refers to as the 'MSM,' the Corporate Marketing Machine (This is CMM). [https://upsidechronicles.com/2021/06/30/wall-street-is-framing-the-retail-investor-for-the-impending-disaster-they-created-again/](https://upsidechronicles.com/2021/06/30/wall-street-is-framing-the-retail-investor-for-the-impending-disaster-they-created-again/) + +If I hit it in the MOASS, I will make *Upside Chronicles* the people's media source. My only agenda is to cut through the nonsense. But like you, I have bills to pay, so I have to make things work. best I can do for now. +I originally posted this as a comment in another thread but feel it may be its own topic. Are there budgeting rules that 'break' at higher levels of income? At what levels would this be? + +The budget rule in question was 'More than 30% of income on mortgage puts you into mortgage stress'. A fair rule, but in the context of someone who after spending 50% of income on a mortgage still have 80k (after-tax) left over for living expenses, should that still be considered 'stressful' when that is almost double the personal median income and almost at total household median income? +Twenty-one days ago, the great pioneer ape, u/youniversawme, laid out the framework to direct register IRA shares. I followed their process to a T, copying their letter and email verbatim. I also used Ally Bank as my custodian. The process took 11 days from start to finish, but less than an hour of personal time. My IRA shares are now direct registered in my name with Ally serving as custodian. + +https://preview.redd.it/g0d4z26ecez71.jpg?width=480&format=pjpg&auto=webp&s=b850c1c43a35549aeb1d6a32fc6a053f30ccbcdc + +This is the process I followed: + +[https://www.reddit.com/r/Superstonk/comments/qe6wfu/drs\_my\_ira\_shares\_yes\_i\_believe\_i\_did/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qe6wfu/drs_my_ira_shares_yes_i_believe_i_did/?utm_source=share&utm_medium=web2x&context=3) + +Another ape reported an IRA transfer yesterday: + +[https://www.reddit.com/r/Superstonk/comments/qsk4mk/ira\_transfer\_confirmed\_ape\_819xxx\_reporting\_for/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qsk4mk/ira_transfer_confirmed_ape_819xxx_reporting_for/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**Additional Information** (thank you, u/youniversawme): + +When I noticed my shares were gone from Ally for my IRA, I went to Computershare’s website and rather than login, chose the Not a Member: ‘register now’ below the login button, then searched using my SS#, verified my identity online and then could login to see my new IRA shares, separately from my others. + +Important: You have to set up an entirely new username and password with Computershare, since it’s an entirely different account type from cash shares and they do not link them to one user like other brokers do. So I have 2 different logins at CS, one for cash transfers/ direct buys and one for my IRA. +In the battle of the hair transplants vs non-transplants, the [Bloomberg Billionaires Index](https://www.bloomberg.com/billionaires/?utm_source=url_link) shows Elon ($175b net worth) about to overtake Bezos ($186b net worth) as the king of the tres commas club. + +Buffett all the way back at $86.6b (time to BTFD on Buffett??) + +Jack Ma at $50.1b, although much of that will probably be spent on his funeral when 🍯 🐻 finally announces his death. + +Time for WSB to pump that price up - just need one “stock price is too high” tweet from Elon, a capital raise to dilute the shares and perhaps another split so we can hit $420 once again and he will be the richest man on this planet. + +Perhaps after he becomes the richest person alive, he can finally concentrate on helping Tesla become more profitable than a kids lemonade stand. + +TLDR: buy calls + +Edit: thanks for the free awards. Glad to see people are learning from Papa Musk and being frugal. Don’t waste your money on Reddit coins - spend it on TSLA 850c 2/1 calls + +Edit 2: thanks to the 🌈 mod who gave me the Brother Cramer award. On a separate matter - does anyone know how to wash off all this 🌈 and glitter? Mods left ✨ on their award and it’s gotten everywhere +Just wanted to update everyone with the latest Medium Blog Post from the OriginTrail team. They are great at keeping everyone updated with everything that is going on. + +I have grown more and more bullish with this project with each thing I have seen. They really have the potential to bind the others together nicely! + +Their team has multiple people active in the telegram chat ready to answer questions at any moment and are taking suggestions and actually implemented them quickly! + +For a team with an actual product, masternodes info coming, a great team, an exciting roadmap... its hard not to see the huge value and potential of this project. I'm personally accumulating over 100k $TRAC to run a master node (the numbers haven't been released yet but I would rather not pay 2-10x for one when the times come) + +What are your thoughts on $TRAC? + +https://medium.com/origintrail/origintrail-report-on-market-development-2017-southeast-asia-and-china-532a7ee2a228 + + - **Official Website:** https://www.origintrail.io + - **Whitepaper:** https://origintrail.io/storage/documents/OriginTrail-White-Paper.pdf + - **Comparison Matrix (VEN, AMB, WTC, etc):** https://pbs.twimg.com/media/DUs_dKMWkAEb4F_.jpg + - **CoinMarketCap:** https://coinmarketcap.com/currencies/origintrail/#markets + - **Quora "Why is OriginTrail getting so much attention lately?"** https://www.quora.com/Why-is-OriginTrail-getting-so-much-attention-lately + - **Where to Buy?:** I have really enjoyed the MetaMask/IDEX pairing! It is actually pretty awesome! https://idex.market/eth/trac + +A bit of information from the $TRAC team about their ERP Integrations (this is huge for corporate support) https://media.discordapp.net/attachments/396736415259557928/407663663479128074/image.png + +--- + +Editing to provide some information as requested in comments! + + - **Current Market Cap:** Based on 290m circulating we are around 116-125 million and growing very quickly. Still early y'all! + - **Circulating Supply:** 290 million confirmed circulating supply. Team is in process of contacting CMC to resolve it not being listed. +Hi all, as you can see by the title, my mom died on the 1st, im 19, it was just us 2 and our pets, for the most part i was taking care of her expenses when it came to medicine and she paid half the rent and one bill a month, i had to help pay for cremation, the urns, the death certificates and the memorial(which i didnt want to have because its expensive) my dad is angry that i won't move in with him so he's only sent me 100$ to help, i work at walmart 11$ an hour and took 10 days off to grieve. Now, moving the utilities into my name is incredibly overwhelming, the water company wants 150$ + 45$ activation, the power company wants 155$, + 13$ activation, i have to pay my rent on the first, i have to pay my phone and buy food for me and the animals, and i only have 380$, its 650$, im gonna get a cash advance from my check but are there any places that help with financial aid for the grieving? Im sorry about the long post i just feel helpless right now. Ive never had anyone pass. And ive never been alone before. +Hello Everyone, + + I figure with turning 30 this month, I may be able to write a bit about my 20s, what was right, wrong, and what I regret not doing. These ideas are not perfect, but they may help some of you about to embark on your third decade. + +**A little about me** - I grew up and reside in the Lower Mainland in BC, one of the most expensive places to live in Canada, and possibly the world. I graduated HS in 2002, and attended and dropped out of college when I was 19. I decided to work instead of school. I bought a house when I was 26, and have only recently decided to attend class again part-time while working full time. I expect to receive my 2-year paper when I'm 32, and my degree when I'm 36. I have a good job, great benefits, and have worked hard to earn a management title, all without any formal post-sec education. Some people do much better than I do, others do much worse. I feel I'm "middle of the road" for someone without post-sec education. I live with my gf of three years, living together 2, and we have no children. We're dual income, but only started this recently, so it has little bearing on the majority of my post. + +**Things I learned in the past 10 years** + +*1) Time flies when you're doing nothing.* - Seriously, I spent about 8 years just working and paying bills. I remember having my 24th birthday like it was yesterday, and that was six years ago. If you're not working towards something (anything), time will literally disappear, and you'll never get it back. Going back to school was the best thing I ever did. I enjoy my free time much more, and time seems to pass slower because I have so many more accomplishments in a short period of time. + +*2) You have lots of time to find work, if you want an education, go for it* - I don't regret dropping out of school when I was 19, but I do regret not finding a new study to replace it with. It is much harder to get a degree when you're carrying a mortgage and working full time. I wish I had used the four years and my savings to work towards a degree as fast as I could. I have done well without school, but it doesn't change the fact I wish I had taken the time to do it when I was younger. Some of you may not want or need it, then good on you! Get earning and get saving. + +*3) Credit and loans are the devil* - I've found there are only a few things worth using credit for (See new edits below on this one). Housing, education, and emergencies. Even with that said, don't pay the minimum down on your mortgage like I did. What a stupid idea that was. If you have the income to afford a house, save up 30% or more down, and pay rent at a small place while doing so. I paid 5% down on my house, and my interest kills me. Don't do it. I wish I had saved up $1000/mo for 5 years, paid someone $500/mo to rent a small suite, and then bought my place. My mortgage would be much easier to manage that way. + +Student loans are worth it too as long as you're not in it for years. I see stories about people being $50k in debt, and that doesn't seem reasonable or manageable. Find a way to subsidize yourself, even if it means living at home and working p/t in order to take out a smaller loan. Education is worth it (unless you're an art history major, sorry if you are). + +*4) Car Loans* - Just don't. I have spent so much time paying for car loans that I can't even believe it. I have 2 years left on my current car loan and then I will never take one again. I'd rather spend $5000 on something I can pay in cash instead of $20000 where I end up forking over another $5k in interest along the way. I would recommend cheap, reliable cars until you're in a position where you can afford something outright. If you do things right, you should be able to buy whatever you want a little later in life, using CASH. **See edits below on this one. + +*5) Investments and properties* - Ok, so I was lucky here. I have an employer who pays dollar-for-dollar RRSP (401k if you're in the US) up to 6% of my gross income. It means that every month I end up with about $500 in savings towards retirement. Combine it with the American equity returns in the last 3 years and it has amounted to a tidy sum of money that continues to grow at 8-10% a year (I had a 26% return in 2011). But you may not be me. So I recommend that once you get your life together, and no matter your job, you always sock away 6-10% of what you earn. When your income is solid and consistent, jack that number up to 15%. If you do have an employer retirement plan, use it or a financial planner to start planning for retirement as soon as your education is done (if you want/have one). Investment is the key, you'll need more than the 1.2% return that your savings account will get you. + +My home - I love it, and I'm glad I have it. But I made mistakes here too. I bought too young, with too little money. I bought when I thought the market was down in 2010 because I was going to "get ahead of it" and hope for a return. NOPE. My home is worth less than I bought it for, and my payments suck. If you're looking to buy a house than you can upgrade in 10 years, speak to an property specialist to see where you should buy to increase your chance of return on sale. I didn't do this. I have a house that will eventually yield a return, but it still might be another 15 years away. Everything I thought I "knew" about buying my house was wrong, and now I see I could have asked and avoided this. That said, I can afford the payments and it is a nice place, it just ain't worth squat. + +**In Summary** + +These are the tips I can give you in point form: + +- If you want an education, get it early + +- Only take out loans you need. If you want toys you can't afford now, you probably can't afford them next month when your payments come up. + +- Set goals for yourself. Doesn't matter the goal, having something to work towards will make time slow down. Time does fly when you're idling and doing nothing. + +- Buy cars with cash, houses with credit, and education 50/50. + +- Invest your savings. Set up a meeting with your bank if you don't know what this means, even low risk is worth far more than just a savings account. + +I hope this helps someone, but it might just be the ramblings of a 30 year old who needed to put his wins and losses on paper. Thanks for reading! + + +**Edits, notes, and additions -** + + - Car loans - a 0% car loan probably isn't a bad thing. Where I live they don't exist, but if you have one, then you're in the same boat as paying in cash. This point continues to be argued throughout the thread, going both ways. I hate interest and that is what I aim to avoid paying, the rest of the interpretation comes down to where you live, and how much you want to take on the liability of a loan, 0% or not. + + - Credit and loans - Several people have PMed me this - You need credit to get credit. I always had balances on my credit card so I earned credit well. Someone pointed out that you should be using a credit card for small things and paying them off in order to build credit. Gas and things like that. Seems like sound advice. My point was to try to avoid interest payments and long term loans that aren't getting you anything. + + - Saving while renting - apparently the math in my wishful plan was flawed. Before you decide how much to save and how much to rent for while saving, speak to a mortgage adviser. You may just actually be better off jumping in to that mortgage and shoving it all in there as quickly as possible. + + - Housing prices - those of you who live in Toronto, LA, DC, and other super-metro areas. I hear you, you are probably paying more than I am to live further away from your down town cores. But as far as general population spread goes, we're all above the average by a huge margin comparative to smaller cities all over the country. + + - General advice - I've received a lot of feedback that some of what I wrote isn't great advice (especially in the loans area). It is all based on personal experience, and definitely doesn't apply to everyone. Take what you need, or none of it! PM me if you have questions, there are too many conversations going on to keep up. + + - /u/marvelousthrowaway has some advice about mortgages in the US for those interested. http://www.reddit.com/r/personalfinance/comments/2ctrbz/turning_30_this_month_a_reflection_on_my_20s_what/cjjtblw?context=3 +Hello everybody, + +I joined this subreddit 6 months ago, about the same time that I started taking day trading seriously. Since then, I’ve been really impressed by how supportive this subreddit is in comparison to several other prominent finance-related subreddits which I will decline to name. Sure, there are occasionally cynical or snarky replies to silly posts here but the majority of people seem to be genuinely trying to help and offer good advice to others. + +In the spirit of the good will shown to others I have witnessed here and in the spirit of the holiday season, I’d like to share a trading tip that has helped me immensely during the past several months of my trading journey. I think this tip applies mostly to new-ish traders who are starting to regularly make profitable trades but are having a hard time hanging on to those gains over time. + +The tip is simple: if you are a goal-oriented trader (i.e. you set a daily amount or percentage goal that you wish to achieve) and you happen to exceed this goal on a given day, *take your excess gains out of your trading account and put them in your savings account immediately*. For instance, if you set a goal of earning $100 on a given day and you end up with $140 then stop trading immediately and transfer the $40 out of your account. Rejoice in the fact that you exceeded your goal and stash away the excess gains. Start the next day fresh with your $100 daily goal and keep that in your sights. And repeat. When you do this, your trading account still grows but you're also growing an account with money on the side with "bonus" or "rainy day" money. + +This strategy has helped me immensely for several reasons. For the first several months, my account was swinging wildly between big gains and big losses. I’d win big on one day but, having felt emboldened by my big win, make the fatal mistake of sizing up the next day and losing those same gains. This is of course a common rookie mistake but it’s one that we’re all prone to making from time to time. By transferring my excess gains out of my trading after I won big, it did two things. First, by re-sizing my account, it helped keep me humble because it kept me from getting too arrogant with my trading. When your account grows steadily over time as opposed to in large chunks, you don’t notice that you’re winning to the same extent and you don’t feel emboldened to take on riskier trades. Second, by building up my savings with any excess gains that I made, it make it much easier for me to accept red days and not get discouraged when I lost. There’s nothing more demoralizing than having a big green day followed immediately by a red day when you lose all of your previous gains. It’s one of the things that makes people want to quit trading. But as my trades improved and I started cashing out my excess gains, suddenly I realized that I had made real progress that was far more likely to stick around even if I had a bad day. This made it far easier for me to see that progress I was making and to keep pushing through the red days. + +In any event, the core rules of trading still obviously apply – always manage risk, cut losses quickly, always have a plan before entering a trade, and so on. But for me, adding “take out excess gains” has made an enormous difference in my success during the past several months. I welcome all criticism and comments on this “tip” – I know not everybody likes the idea of being goal-oriented per say in the way that I defined it above. I do hope, however, that this tip helps some of you out there reach success more quickly on your trading journey. + +Happy holidays everybody – and keep up the good vibes :) +Hey EFG, + +It appears that the sub’s theory of the ATM sale was correct. Your model was correct, and now just needs to reflect the big bucks that GameStop made. + +I don’t want you to fix it, I need you to fix it. I need you to inject that shit straight into my arm!!! + +We all love you, you beautiful ape! + +P.S. is it possible to have tits jacked any harder than they are right now? I feel like everyone woke up with their own personal Cuban missile crisis on their chests. Wen Moon? I don’t give a fuck, this is the best series of events yet. I can hear the dominos clinking in my mind!!!!!!! + +🚀🚀🚀🌕🌕🌕🦍🦍🦍💎💎💎🙌🙌🙌 +Hi all, + +I have a relative who is very old he has around 500 shares from 2 firms. He has the original share certificates for both. Given his old age the requests for conversion to demat are being declined as signature mismatch. What are the possible options we have? + +Any advisors who could guide us on what needs to be done for eg medical certificate, may be some kind of affidavit or additional documents to get the conversion to demat done? + +Any ombudsman whom we can file a grievance with who could may be look into the issue? + +Also the person in his own words has a few years left in case of death what happens to the shares? + +The shares combined are worth less than 1 lakh but still its a decent amount so what are our options? + +He is willing to spend money on the process of conversion as long as it does not exceed 20% of what he might get when selling the shares + +In my opinion any supporting documents needed would not cost much as he already has all thats needed. + +Please let me know what can be done.. +[This article](https://groww.in/blog/calculate-tax-liability-debt-mutual-funds-indexation/) says that **you can choose** to have the type of tax levied on your debt fund's LTCG - +1. 20% tax on LTCG with indexation benefit +2. As per your income tax slab rate on the LTCG with no indexation + +Is this correct? If so, has anyone ever chosen paying tax on LTCG wrt the income? +I was evaluating investment option for REIT vs Real estate investment for ticket size of 75lakhs. I did cost benefit analysis for buying a 2BHK home on 15 year loan and putting its rental of 25k pm to index fund as monthly SIP. Assume we will get 12% appreciation for 15 yeas on this amount. Assume we get Rental yield \~3.5% + +vs + +Distributing 60lakhs as a SIP of 50K pm for next 11 years in 2 best reit funds. Assuming we get 12%\* pa appreciation and 6% dividend yield which is again reinvested in buying more reit stocks and accumulating this for next 12 year. + +Result of analysis. + +*Even with putting less money in REIT it will easily beat realestate investment in 12th year. And if holded beyond compunding will kick in and you will make multiple X of original investment of 60lakhs. This is purely due to 12 annual yield + 6% dividend yield effectively mean it will compound with \~18% YOY basis.* + +Have anyone though/tried this strategy ? hows their experience in investing in REIT's + +&#x200B; + +\------------------------- + +\*12% XIRR I had checked in US based REIT as indian REIT's are just under 3 year so no historical benchmark to compare. + +&#x200B; +I am a beginner and have a basic idea about equity and MFs. +I recently opened a demat account with ICICI, so I have ICICI direct platform where according to a mail, I do have some free brokerage amount. + +Should I continue with using this website for stocks and MFs or should I use something like Paytm Money or Groww? +> In the last few years, indirect investment made by retail investors into stocks through the systematic investment plan (SIP) route has surged, outpacing money invested by foreign institutional investors (FIIs) into stocks. Will this continue? Mint takes a look. + + +https://www.livemint.com/money/personal-finance/sips-kept-market-buoyed-but-that-may-not-last-now-11588010387001.html +It's been a slow burn this whole saga and my balls are as blue as the waffle that once haunted me as a youth, but in retrospect I wouldn't have it any other way. + +When this stock became a sensation in Jan 21' my goal was a mere 5-figures (Being a minumum wage kind of guy). + +If it was all said and done in that week. I'd have probably had a celebratory "jack session" and put all gains back into a corrupt market the next day, completely unaware of the elites that were actively robbing me every single day + +As someone that only started investing in Jan 21 by sheer luck, 4 days before I knew about GME. I feel like the DD that I've read and absorbed on this subreddit has given me more knowledge on how the market REALLY works than I would have ever learned in my whole lifetime otherwise. That's because I would have gone my whole life unaware that I was the product for brokers/hedgefunds to profit off of. + +The zen is reached when it truly clicks that a group of individual investors that have undying devotion to a company NEVER seen on this level in history, continues to buy in mass volumes through commitment backed up by the fact that RC has taken ingenius steps to revolutionise GME forever + +And the price STILL continues to decline! + +That's the foundations that would logically make sense to anyone who understands supply and demand + +Every piece of DD on the blatant corruption uncovered is the cement that holds the conviction together, and there's a fuck ton of it... + +And the silver bullet DRS, is the brick by brick 🟣🟣🟣 +R2 Has been Released! [https://www.reddit.com/r/Superstonk/comments/nbdvii/moass\_checklist\_for\_apes\_things\_to\_think\_about/](https://www.reddit.com/r/Superstonk/comments/nbdvii/moass_checklist_for_apes_things_to_think_about/) + +It's the weekend again! I've revised and updated the content to integrate new items the HiveMind has identified in the past 2 weeks. + +New content addresses or elaborates upon: Electronic Security, Recordkeeping, Physical Protection, Exit Strategies, Negotiation, Finance/Tax/Wills and Making the World Better Post MOASS. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Ok Apes! I know what you are thinking - 'I'm so bored, the weekend sucks, how much longer to Monday?'. Grab your crayon sticks and let's try and grow some brain wrinkles in the process. I have just what the Dr. ordered - a shiny newly revised MOASS Launch Checklist! + +There are *responsible* things you need to start thinking about before, during and after the rocket takes off. Why? Because people who are known to have $$$ (e.g. announced they won the lottery) have grandkids kidnapped and threatened and worse. Some winners are killed. You probably want to read [this](https://www.ar15.com/forums/general/-/5-749519/?page=1) and start taking it seriously. Yes it's long, but don't worry, I summarized... but then needed to add good stuff so it's still long! No TLDR either. Sorry, not sorry! This is **IMPORTANT.** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Before Rocket Launches + +**ONE.** **Don't tell anyone you haven't already.** Anoymity is your first and best defence. Be the millionaire next door that no one realizes is a millionaire. A Lambo, other than a rental experience, does not help here. + +Have a look at this 20s video: [https://www.reddit.com/r/Superstonk/comments/n1t3xo/this\_is\_how\_i\_picture\_the\_mods\_when\_a\_particular/](https://www.reddit.com/r/Superstonk/comments/n1t3xo/this_is_how_i_picture_the_mods_when_a_particular/) + +This was an attempted kidnapping. Would you be able to respond like that? Would your spouse? Your kids? Do you want to live in a mindset where you need to be constantly aware of a building's entries, exits and where your back is facing? Proper security for **known** ultra-high net worth people includes things like bullet proof armored Merc with entourage picking up kids from school, significant home security, alarm dog, personal weapons and people watching (behaviours). +I make roughly 19k a year. After trying to get my own policy and getting quotes for $500 or more a month. I finally decided to get under my mom's policy and they quoted me for $215 a month. I'm financing the vehicle so I can't just have liability on the policy and I also live in Florida If that helps. +My dad is 53 and I just found out a couple weeks ago that all of his retirement savings are in a basic bank savings account. I don't know exactly how much he has in there but I assume it's in the 6 figures as he inherited some of my grandparents estate when they passed away. He's afraid to do anything with the money because he does really know anything about investing, so I want to try and help him allocate it so he is more successful when retirement time comes, at the very least plop it in a target date fund. + +What would be the best way to roll this lump sum into an investment account? + +1) He owns his own business. I've seen that business owners can open their own 401k and match themselves. To me this seems the fastest way to get the money into a portfolio? + +2) I've rolled over 401K accounts of my own into IRAs when leaving previous employers. Is there some way he can roll his savings account into a Roth IRA? + +3) This close to retirement, is there any point in going traditional vs Roth? + +UPDATE: Thanks everyone for the helpful suggestions! I appreciate all the input. I've found a few CFPs that are local to him and will try to setup some meetings to discuss options armed with the information I've gained from your comments. Wish us luck! +---------- +I made this to help you noobs who dont know shit about stocks. This is part 1 of a series aimed at helping you guys have a fighting chance against wallstreet. Remember you are going against the sharpest minds in the world and you will lose. But you have me in your corner and im rooting for you guys, I believe in you + +Volume + +-A trend that moves on steady volume means that its likely to continue aka price is rising or price is lowering + +-Falling volume means that a trend is likely to reverse, whether price is going up or down, it applies to both + +-A burst of extremely high volume means that its trend is likely to reverse. Usually when the stock reaches its peak or when all of a sudden it crashes, keep your eye on the volume + +-If there is Low volume and the price stays the same, it usually means thats this is the new normal price. People are unfazed by slight price changes here, this is the new normal + +-A second price breakout after one just occured is usually marked by yet another high volume spike. It usually means losers are heading for the exit because theyve been bag holding and cant take the pain anymore or bulls are jumping back in + +-a price breakout in low volume means that its fake, the price will recoil + +-rising volume during a rally(after a stock crashed)means that even though the bagholders are leaving, new losers are coming in + +-When volume shrinks during a rally, it means that bulls arent as eager to keep buying at these high prices. Fuel is being removed from this ship. A reversal is imminent + +-When volume dries up during a decline, it usually means a reversal. That is the bears are no longer shorting and the intelligent bulls who got out a long time ago are ready to pounce yet again + +-As a rule of thumb, if todays volume is higher than yesterday’s, it means that a trend is likely to continue + +-Volume is relative, what is high for ibm may be low for apple. What is low for apple may be high for ibm + +-As a rule of thumb, high volume is 25% higher than the avg volume of the past 2 weeks and low volume is 25% lower than the avg volume of the past 2 week + +-High volume confirms new trends. If prices rise to a new peak, and volume reaches a new high, then prices are likely to retest, that is go below the peak and come back to the peak to see if it can exceed it or go back down. + +-If a stock falls to a new low, and volume reaches a new high then that bottom will also retest- that is go up and come back down to that bottom to see if it goes even lower or stays there + +-the true bottom of a stock occurs on low volume and is always retested at low volume. If it stays the same then this is a great buying opportunity + +-if volume shrinks during an upwards or downwards trend then that trend is ripe for a reversal + +-When a stock reaches a new peak than it was yesterday, but the volume is lower today than yesterday- this is a great shorting opportunity, that is: Now is the time to sell or time to buy puts + +- This does not work on a downwards trend as a stock can keep going down even with low volume. It takes buying to move a stock up, but a stock can go down on its own weight + +-Watch volume during a reaction against the upward trend(aka panic selling). If the dip continues but volume shrinks, it means bulls are no longer running or selling pressure is spent. When the explosion of selling volume dries up, then it means that the upwards trend will resume. This presents a good buying opportunity or to buy calls + +-Many downtrends are punctuated(occurs at intervals) by rallies(price goes up momentarily)which begin on heavy volume. These shake out weak bears which causes volume to shrink and gives a signal to sell short~ this means that short sellers are now sure that the stock will crater because no more rallies + +:thanks for the love. I just want to help people +:but i feel that the Reddit users with flair despise me because im teaching yall. So i want to level the playing field as flair helps you get taken more serious here. Ive asked the wsb mods for flair so i can reach a wider audience. If you guys want to help me out i ask that you mssg the mods and ask yhem to give me flair so i will get taken more serious by retail +Ty love you all + +Edit2 +Tomorrow stay tuned for my part 2, open interest and so forth for this week to complete the picture and arm you lovable losers with a complete straitjacket so you can swing your big cocks and tits at wallstreet. I am the most hated person here by most users with flair because they want to keep you ignorant. Youre just paper to them, not human beings. +Lets show them how paper can become money.......airplanes.......and eventually soar + +Edit3: check out my part 2: the basics and the philosophers stone on making fat stacks + + +Fly like an eagle🎶 +Anyone care to share what their bonus numbers were? Wells Fargo is said to have paid [$85k base plus $60-70k bonus](http://dealbreaker.com/2015/08/bonus-watch-15-wells-fargo-junior-bankers/). +So recently I'be been reading a lot about Carl Ichan and am planning on writing a paper on him for an English class, but the main problem I've run into is although I understand what he did I'm having a hard time figuring how how he gathered the capital to try and buy out some of the companies he did, especially RJR Nabisco when he started out as a broker. On the technical side of things I'm wondering how he managed to take companies and make them fail and end up with money at the end of the day. Are there any books that could enlighten me? +We've completed our first few deals as an independent firm, and trying to decide if it is worth the time/expense/hassle to award deal toys to clients. Is this an expectation? What are the potential benefits if we did decide to do them? I'm not much on "celebrating" deal completion myself, but maybe it's important to the CEOs? Let me know what you think. +We've completed our first few deals as an independent firm, and trying to decide if it is worth the time/expense/hassle to award deal toys to clients. Is this an expectation? What are the potential benefits if we did decide to do them? I'm not much on "celebrating" deal completion myself, but maybe it's important to the CEOs? Let me know what you think. +Hi All + +I have an interview coming up where one of the requirements is to pitch the team a stock. This is for an Investment Analyst position for a Value Fund. + +I do not come from a finance background (economics) and never really took any courses as an undergrad. I just recently passed CFA Level 1 in June and am pretty well versed with the markets in general, but I've never really had to do financial analysis and generate a 'pitch'. + +In these instances, do you think the team is interested in ratio analysis? DCF? Industry analysis? I don't know what to expect or where to begin and that's why I'm enlisting your help. + +Does anyone know of a good website / literature I can read up on performing some analysis for stocks? I can tell you what debt / equity ratio is and how to calculate it, but not necessarily how meaningful it is in the grand scheme of things. + +In fact, I feel that is something more of an acquired skill, but that's neither here nor there. + +Any advice? Websites? Books? Literature? Anything would be helpful... + +Thanks! +I am a 29 yo. teacher in California wondering how I plan for retirement, and what I can afford along the way. + +I currently make 54k per year. + +I have around 35k in a savings account with the bank. + +I have a pension through CALSTRS. + +How much of my income should I put into a 403b (or should I invest it without a 403b?), and where/how should I invest it? (Specific examples of investment packages would help. ) + +What can I afford along the way as far as a new car and home? + +I pay rent which is around $850 per month including utilities and also have 2 horses that cost around $1,000 per month. I spend around $400 per month on groceries. So I end up with around $1000 per month left over that I have been saving, or occasionally spending as needed (camping trips, vet bills, new tires). + +In regard to saving for a home, I would like to buy something where I can keep the horses and that would reduce their monthly cost to around $400 per month. The difference could be used for the mortgage for them and me. + +Ok, I don't really use reddit so I hope that's enough to start. +Hey all, + +Recent grad and recently started working full time. Salary: 42k, Student loan debt: $28k. Rent for new apartment: $1024/mo. My income is quite a bit higher than what I’ve been use to as a PT employee and I’m keeping my budget in check and doing my best to avoid the hedonic treadmill. Anyway, I’m currently putting 7% of my income into a Roth 401k since my employer matches that 7% dollar for dollar. I’m contributing another $300/month to my Roth IRA and another $600/month to a HYSA that I will be putting towards my student loan debt. + +My question is based off my expense sheet that I’ve put together. After expenses and loan/retirement contributions, on average I will be pulling in $150-$200 extra a month into my checking. I DO NOT have an emergency fund at the moment. My question is, should I halt the contributions to my Roth IRA for the time being and put that money towards an emergency fund until I have at least 3 months worth? Any advice is appreciated. Thanks! +I've been doing research online for what to do with money. All I can seem to find are strategies to escape debt, but I don't have any. I am 20 years old, in my sophomore year of college, and will be able to graduate debt free due to scholarships. Right now I have over 10k in the bank, which I hear is wasting away just sitting there, but I can't find anyone saying what I should do with it. Any advice as to how I should use my money to grow wealth, or at least lead me to someone who can? +Question in the title. [Screenshot here.](https://imgur.com/a/d5pETkR) + +I haven’t been using this card at all in the past couple of months, so I don’t think I’ve initiated anything. But please let me know what you think. + +Edit for clarity: my Discover card and PayPal accounts have been linked for quite some time now, so this isn’t the initial verification of the card. From comments here and a rep at Discover, I’ve learned that companies will sometimes do preauthorizations later on to just make sure the card is still active. It’s still unclear why they processed it three times, but it’s apparently no cause for concern! +Hi everyone, I'm currently a senior nearing the end of my college career, and apparently I didn't spend enough money because my dad saved a lot and I spent too little. I'm pretty frugal in general, and I'm wondering what I should do about this, or if there's any way to give it back to him? He literally just asked me to spend more and to look up what expenses are allowed, so also are there any clever ways you know of for using a 529? +Anyone going part time (lets say 20-30 hrs per week) instead of RE all the way? What has been you experience. I'm thinking of doing this in the future. + +I have a colleague who did this but they are dual income, unlike me at this point. +Some wouldn't let me go lower than 50 as my target retirement age, others wouldn't let me claim i'd be saving more than 25% of my income towards retirement.... I was able to find some on top of using the FIRE calculator on this forum but I got a good kick out the mentality of these calculators. + +Some people might end up limiting themselves by thinking they should think of retiring before 50 or save more than 25% per year. +&#x200B; + +# Part 0: Intro + +Hey guys. Looks like everything is great out there today (lol). Wanted to let you guys know about something I saw that looked a bit too off for me to ignore, so here I am to share… + +https://preview.redd.it/rdx43amiu7c71.jpg?width=1280&format=pjpg&auto=webp&s=c3b7d96c1fcbb9ab5a48307f05df37b7934263db + +# Part 1: The Company + +Support.com ($SPRT) is a company that has some pretty bad financials, which is probably the reason it has 60%-80% of its float shorted, has a 98% short utilization rate, and is hit with so many FTDs that it’s on the [SHO regulation list](http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold). + +Vulture funds have been trying to expedite bankruptcy by shorting its [8.2mil float (yahoo)](https://finance.yahoo.com/quote/sprt/key-statistics?p=sprt) by an extreme amount. But like a phoenix rising from the ashes, Support.com will now take the form of a new reverse merger with [**Greenidge**](https://greenidgellc.com/static/greenidge-support-com/presentation.pdf) (closing GREE), a green mining player The merger is due to close any day now. + +I will refer to the top (1) and (2) miners on the NYSE as (1) and (2) + +**The Merger** + +* **Merger is set to close in Q3** \- basically any day now - at which point, all Support.com ($SPRT) shares become 8% of Gree’s outstanding. +* **Estimated** **$1.4bn-2.2bn** **market cap** on closing as a result of its $281mil EBITDA (5-8x) by EOY 2022. This is consistent with it’s competitors - (1) at $257m by EOY 2022 and (2) at $321m by EOY 2022. *As a result, fair value of Support.com at the reverse merger is at least $7.5 -- 85% higher than current valuation.* +* **The deal is practically done,** with Greenidge amending its [share registration](https://www.sec.gov/Archives/edgar/data/0001844971/000119312521217543/d166032ds4a.htm) last Friday (July 16th) and Support having their annual shareholder meeting tomorrow ([July 19th](https://www.reuters.com/companies/SPRT.O/events)). The short bear case is blown. + +**The New Company: Greenidge-Support (GREE)** + +* **Power plant**: Greenidge owns an entire green power plant in upstate NY for the purpose of mining at rates **500% cheaper** than (1) or (2). They can dynamically switch between using the power generated to sell to customers or to mine, which puts them in an unique position relative to the rest of miners. Since they can switch to selling power on *NYISO's* wholesale electricity market when, for instance, a summer heat waves hits, and the spot price of energy peaks. So, they have a competitive advantage relative to other miners whose profits depend completely on \[redacted\] coins price. +* **Cheap costs**: It costs Greenidge $2.8k to mine 1 coin. This is nuts. As a reference, it costs (2) $15k to mine 1 coin (Feb quote). +* **Hash rate** **& rigs:** Has an estimated 1.1EH (mining speed rate), which was where (1) and (2) were as recently as Feb, and just announced the purchase of [more rigs last week](https://www.sec.gov/Archives/edgar/data/0001844971/000119312521214711/d166032d425.htm) and a [new expansion into South Carolina](https://www.sec.gov/Archives/edgar/data/0001844971/000119312521207191/d166032d425.htm). +* **Dual income**: Greenidge’s mining is already up running and Support.com will continue its work post-merger -- kinda like bonus money. Plus as said before, they can provide power to customers. +* **Additional revenue**: Energy markets, capacity markets, and waste heat will all provide additional income for Greenidge. + +&#x200B; + +https://preview.redd.it/pu500hk477c71.png?width=1600&format=png&auto=webp&s=1e7af9f82ecb2a5dd93a113a481844464bf2abf1 + +Management knows what they’re doing. I mean they legit convinced pretty liberal NY senators to change a law and [allow a natural gas power plant near a lake](https://www.wshu.org/post/anti-cryptocurrency-mining-bill-dies-new-york-legislature#stream/0). It’s clean energy and safe but still, they lobby better than Nancy Pelosi knows how to trade yolo options, and that's saying something. + +&#x200B; + +[See art. Copyright u\/repos39™](https://preview.redd.it/ub13fmpm97c71.png?width=1200&format=png&auto=webp&s=2de85ec349b913ee4f878879e7e79ca58299dfe2) + +The DD for the company can get quite long, and you can easily search around and find a more comprehensive valuation basis, but the company isn’t garbage. I’m not here to talk too much about fundamentals, though they are strong. I'm here to add to the existing knowledge with lizard brain technical setup theory. + +# Part 2: Lizard + +&#x200B; + +https://i.redd.it/awjbvp6s77c71.gif + +## Float + +The float actually available to the public is important. Yahoo uses 8.2m shares as float, but it differs depending on the website. **Turns out this 8.2m number is an overcount -- the actual float is just below 5.5m.** I’ll show my numbers and math below, but lowkey it’s pretty boring, so feel free to jump over it all. + +**Begin Math:** + +As a baseline I assumed the high estimate of 24m shares outstanding, though finviz says [shares outstanding is 20m](https://finviz.com/quote.ashx?t=SPRT). From there, I took a dive into some SEC 13f filings and merger filings -- funnnnnn. Btw 13f filings are released quarterly for fund managers with >100m in assets and show their individual holdings. + +&#x200B; + +1. **Greenidge Generation** + +Surprise surprise -- the company that Support is merging with owns a large stake. But how large is large? For this bad boi, we’ll look at the [​​S-4/A (2nd page, before Table of Contents)](https://www.sec.gov/Archives/edgar/data/0001844971/000119312521217543/d166032ds4a.htm). As part of the merger agreement, let’s note that 210 Capital, LLC has already acquired 3,909,871 shares of Support. Additionally according to the [S-4](https://www.sec.gov/Archives/edgar/data/0001844971/000119312521217543/d166032ds4a.htm), Greenidge holds 30% of shares outstanding. Quick math: 3,909,871 / 24,000,000 is 16.3%. 1 + 1 + 2 = 4, but if Bezos is going to the moon it’s 6. Sorry -- got distracted, but quick math shows that 30% + 16.3% = 46.5% of shares outstanding accounted for. + +**2. Radoff Bradley Louis** + +According to the [13D/A](https://sec.report/Document/0001193125-21-098531/) that Radoff Bradley, he owns 1,301,874 shares of Support: about 5.5%. Quick math: 46.5%+5.5% = 52% of shares accounted for. + +**3. Insiders** + +Though I prefer to look at filings to verify the accuracy of numbers, especially with respect to float, it’s tiring af reading through this obscure verbiage, so let’s just rely on the insider ownership reported [here](https://docoh.com/company/1104855/SPRT/insider-ownership-history). If we sum the columns, we get to 3,155,080 of Support held by insiders, with 922,223 of this number being non-qualified stock options. I’m not sure if this is the total number of options or the total number of shares that these options represent, so let’s ignore them, leaving us with 2,232,857 common + restricted shares held by Support insiders, or 9.3% of the company. Quick math: 52% + 9.3% = 61.3% of shares accounted for. + +**4. Kershner Trading Americas** + +In their last [13G/A filing they had 638,265 shares of Support](https://sec.report/Document/0001535384-21-000017/), down from the 1,240,957 shares they had in April, but shares are shares. So that's 2.6% of Support. Quick math: 61.3% + 2.6% = 63.9% of shares accounted for. + +**5. Renaissance Technologies** + +Oh this name sticks out. Their last filing was the Q1 [13F on 5/13](https://sec.report/Document/0001037389-21-000330/). If you download the XML, put it into your fave text editor (arhmm SublimeText), and search for Support’s CUSIP number: 86858W200, you’ll see our baby lil gem shining like a star. So Renaissance owns 831,549 shares of Support, or around 3.5%. Quick math: 63.9% + 3.5% = 67.4% of shares accounted for. + +**6. Blackrock** + +Ok ok big bad Blackrock is in the house! Same thing as Renaissance, [Q1 13F on 5/13](https://sec.report/Document/0001086364-21-000038/) \-- download the XML search for Support’s CUSIP number: 86858W200, you’ll see lil babes. Blackrock owns 388,037 shares, or around 1.6%. Quick math: 67.4% + 1.6% = 69% of shares accounted for. + +**7. Vanguard** + +Ah the people who came up with the concept of an ETF. Nice, safe, and friendly 1% YoY returns, ETFs those things, aka not Support. Check the [Q1 13F](https://sec.report/Document/0001104659-21-066511/primary_doc.html), and see babes Vanguard owns 824,888 shares, 3.4% of Support. Quick math: 69% + 3.4% = 72.4% of shares accounted for. + +**8. Geode Capital Management** + +See [Q1 13F](https://sec.report/Document/0001214717-21-000010/) see babes Geode own 149152 0.62% -- good numer. math add 73%. + +**9. Bridgeway Capital** + +Bridgeway capital [Q1 13F](https://sec.report/Document/0001085146-21-001703/) own 120k, .05%, number good me like total 73.5% + +I can’t continue looking at these filings. I’m starting to talk like an ape. Let’s wrap it up. 73.5% of shares are held by institutional investors or employees, so we’re at a 6.36m float. Since we’re trying to be precise, when the filing says “*Greenidge approximately owns 30% of Support*”, they actually mean [**31.8%**](https://www.sec.gov/Archives/edgar/data/0001844971/000119312521097400/d145424dsc13d.htm). So it’s actually 75.3%, which makes the float closer to 5.92m. *But, it turns out institutions own a bit more through* [*mutual funds*](https://fintel.io/somf/us/sprt#)*.* + +Hmm ok, let’s do one more mindnumbing calculations. For mutual funds, if you calculate all the ones listed that are not Vanguard and Bridgeway, that’s approx 580k shares of Support owned or 2.4% of shares outstanding. 75.3% + 2.4% = 77.7%, which brings us to a 5.352m float. It’s annoying AF, but you have to calculate this by hand since the data online is sometimes off. Trust but verify. + +**End Math** + +**TLDR; the float is just under 5.5m due to institutions, merger deals, and mutual funds.** + +Variables impacting a squeeze include **(1) limited float,** (2) tightening short constraints, (3) price instability, and (4) major positive catalysts. Clearly number (1) has been addressed. Moving on to number (2)... + +## Tightening Short Constraints + +Support just made the [SHO Threshold Security List](http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold) last week (July 16), a situation that experts ([this paper, pg 5](https://poseidon01.ssrn.com/delivery.php?ID=460001024021101094085092067118001009096071084081032094122125066027002116091003082087118100026102007005055068066083017113126119122066055034084122098082006028078000066072020018127014005021125125023007018071121127069109079113087074112000079001014017106113&EXT=pdf&INDEX=TRUE)) label as: + +>an exogenous shock that tightens the short sale constraint. + +This coincides with a major T+35 closeout period from a massive spike in Failure-To-Delivers coming due next week (more later). Historic volatility has been increasing and it has been getting more intense the past 5-10 trading days. Bullish flow is repeatedly met by short sellers (Ortex daily data shows increases) to keep the stock falling. Short sellers are aggressive, leaving Support on the Sho Threshold Security list for the last two days in their attempts. So, some short seller(s) is(are) pretty underwater and can’t afford the price to rise even 5%. + +**Short Interest** + +* **4.5mil shorts on loan** (of a 5.5mil float) +* **100% utilization rate** (no shares to borrow) +* **Soaring cost to borrow** (short demand is high / supply is low) +* **Bullish consolidation up** + +Why is it so hard to borrow? Even if the **5mil on loan** Ortex estimate is off, **exchange reported SI is 4.5mil (of a 5.5mil float)**. Shorts are completely maxed out unless they start working over 100% float short interest, which didn’t end so well for them last time . + +&#x200B; + +https://preview.redd.it/okm4gzg877c71.png?width=1584&format=png&auto=webp&s=10d126205d88aa3e80017799c9c387a680b6febf + +All metrics that Ortex provides are soaring. Shares on loan, utilization, cost to borrow, even days to cover are peaking, indicating that shorting constraints are getting in a critical area. After the deep dive on filings, it’s clear that 4.51mil / 5.5mil shares -- AKA 82% of the float -- are sold short and shorts have taken a huge position. Note that 4.51m SI is the number reported by exchanges as of June 12th. In the my other DD, I made a case that FTD spikes correspond with shorts opening large positions. Support has had FTD spikes from June 9th to June 30th, and it has been on the Sho Threshold Security list since last Thursday, so we can infer that there are FTD spikes happening right now. So, considering the Ortex metrics are spiking and FTDs are off the charts to the point that Support has been on the Sho Threshold Security list for multiple weeks in June and is on it right now, ***the 4.51m SI number reported by exchanges as of June 12 is pretty conservative IMO.*** + +**FTD Squeeze** + +But wait, there’s more. In my previous DD, I made a case that FTDs can be used as an approximation for the point when shorts are the most vulnerable. How do FTDs translate to upward potential? + +The [SEC and SHO regulations](https://www.sec.gov/investor/pubs/regsho.htm) state that shorts **must** close out within 35 days (T+35) from hitting a Fail-to-Deliver. Excerpt from Section IV. 3 below: + +>Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity. + +&#x200B; + +https://preview.redd.it/knjet9k977c71.png?width=1600&format=png&auto=webp&s=e2362c8f9b6533faed2f8301f5de269931674bd0 + +Guess when T+35 is from the gigantic spike in June? That’s right. + +June 15th + 35 days = July 20 (this coming Tuesday). Tuesday and the next two weeks should see solid volatility, and volatility is profitable. Let’s zoom in on this FTD activity. We see aggressive opening of short positions with a negligible effect on the price. Shorts are deep, which makes sense for the repeated attempt at forcing down any increase in price, protecting a fragile underwater position. + +&#x200B; + +https://preview.redd.it/ju37kjcb77c71.png?width=1600&format=png&auto=webp&s=8f8f3ebac8e12ec39bb57366b8b604ef1b80cb72 + +Usually, as you can see in the graph below for another stock im interested in, large FTD spikes are usually associated with rather deep depressions in price -- usually around local (or global) minimums. This is not happening with Support, so shorts are exhausting a lot of capital with marginal effects on the price. This is good. + +## + +https://preview.redd.it/bbh2sx5c77c71.png?width=1600&format=png&auto=webp&s=1ef7fba4eff57b154479cd02a3d91c36bff53dbd + +**Cost to Borrow & Short Availability** + +The borrow rate below concurs that shorts are becoming tight and locating shares to borrow is becoming harder and harder. Shorts are going underwater and this coincides with the major activity recently. They are spiking up the cost to borrow and depleting the number of shares available to borrow while the price bleeds up. + +&#x200B; + +[Red is cost to borrow and blue is number of shares available to borrow](https://preview.redd.it/hf9y4fke77c71.png?width=1600&format=png&auto=webp&s=da403f9df5de58b2e960083a660094906f57c829) + +No shares left to borrow after the shorts shorted down the 200k in call options when the market opened Friday. Last week Support had run out of shares to borrow multiple times, and this can explain the Sho Threshold Security List inclusion on Thursday / Friday since, if they could short by regular means, then Support would not be on the list. + +&#x200B; + +https://preview.redd.it/herbpjtf77c71.png?width=1600&format=png&auto=webp&s=ee5c260b72535a77fbb4dff595e551794f42bb5c + +## Price Instability + +Price is becoming increasingly more unstable -- AKA liquidity is drying up, which makes sense since so much of the float is locked up. Why is this important, BTW? Well quickly, before \[ unnamed ex penny movie theatre stock\] popped $70+ there was extreme after-hours volume in which tick data displayed one of the telltale signs of extremely poor liquidity & price instability (barcoding). + +&#x200B; + +https://preview.redd.it/71b4dfng77c71.png?width=1600&format=png&auto=webp&s=c51644aa1e3c9049229315ab5a43fa7c25603149 + +There are some good approximations for price instability. Intraday, Support is showing widening bid / ask spreads and a limited orderbook. Historic volatility is also increasing. + +&#x200B; + +https://preview.redd.it/gdv87n1k77c71.png?width=1600&format=png&auto=webp&s=ddd37afac60f0fc56de7da31a530d5107237e805 + +I’ve also noticed that over the past 5-10 trading days, the price has become even more volatile. Last Thursday and Friday, you can look at the tape and see that the bullish flow of price peaks of 4%+ is met by immediate shorting. Normal players don’t get excited by a 4% intraday price move; that’s not an investor, and retail in this situation would be encouraged to FOMO and buy more. That’s a short seller protecting a price point in an increasingly unstable environment. + +Other indicators are even picking this up as well -- see below. + +&#x200B; + +https://preview.redd.it/9kc8u8dj77c71.png?width=1600&format=png&auto=webp&s=95599ccf37a326e77d448137f6edfdc2e272669f + +## Positive Catalyst + +Why are these shorts so deep? Seems like they were hoping the merger would fall through before they needed to cover after trying to short Support.com into oblivion pre merger news in March. Now they need to cover their shorts before the merger happens or they’re in a bad position. + +Unfortunately for them, all is good on the GREE front. Greenridge updated their [share registration](https://www.sec.gov/Archives/edgar/data/0001844971/000119312521217543/d166032ds4a.htm) with Support.com on Friday. People have also noticed that there is now a scheduled meeting on [Monday at 11am](https://www.reuters.com/companies/SPRT.A/events). The entire Support.com team sent a message back in the winter to their team, holders, and investors, basically drooling over this passing, and we have confirmation it’s working its way forward. Also, Greenridge and their investors already own 46%+ of Support (see the float section). + +**The bear case seems to be on unstable grounds.** + +# Part 3: Technical Setup + +We touched briefly on the technical setup earlier. + +* Support is solid +* Bottom of trendline +* In a standard deviation channel and RSI is coiling on the 4hr +* FTD positive impact to be seen in following 2 weeks +* Upper resistance is easily broken with a move up from shorts closing +* Confirmed by recent 8/20 calls for 5.5c +* Cup and handle + +&#x200B; + +https://preview.redd.it/z35sgqyk77c71.png?width=800&format=png&auto=webp&s=1e712eeddf027553eb4798c2a5bc0ac5759feb8e + +In addition to current short set up: + +* **SI is at an all time high.** 4.5mil short of an estimated 5.5mil-8.2mil float +* **Utilization is 97%** = no more ammo for shorts +* **3x daily volume** needed for shorts to close + +&#x200B; + +https://preview.redd.it/2i2o5arl77c71.jpg?width=1600&format=pjpg&auto=webp&s=78f3ee4def8b784570175e3aa840fe6d41a92b3b + +# Part 4: TLDR Positions + +Who knows what happens with price volatility, but the margin of safety is getting larger and larger (at least for me). Risk-reward ratio is good for me, and the probability of bullish action post merger, for me, seems pretty high; hence I’m betting on $SPRT. Position is crazy right now. I’ll update with further holdings on Monday. + +5c, 5.5c, 6c - shares + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**Part 5: July 20 update** + +Ok, so things are getting more wild and support is getting more volatile, and I’ve always held the position that price instability comes before a major price move, either up or down, and my view is up. So check out this super stable price screenshotted from robinhood when $SPRT halted. + +&#x200B; + +https://preview.redd.it/aq2ahj2vehc71.png?width=377&format=png&auto=webp&s=c10be60b80e9351afc235559826bfb5c59d1dfbc + +So, $SPRT has been out of shares since the 15th, I’ve checked Interactive Brokers and you can’t borrow. I mean right now there are 4k shares available but this is an exception not the rule. $SPRT has also been on the *Regulation Sho List* since Thursday (July 15th). So, I'm going under the assumption that a large percentage of short volume has failed to deliver. I assume this volume number is combining both the short who is covering and the reshorting player. + +&#x200B; + +https://preview.redd.it/324yfecyehc71.png?width=1078&format=png&auto=webp&s=bf3ec25afbe7632c57872057c98dbcb1f9e42cfe + +Regardless, who the shorter is (the same player resetting the clock or a second party) these shorts are going to FTD (since short contraints are very tight as argued) which means they must be temporarily closed out (by the broker automatically) due to regulations which are exacerbated by SHO guideline. The rule of interest is [Rule-204](https://www.sec.gov/investor/pubs/regsho.htm) in *Regulation Sho*, the SEC says short sells must be completed by beginning of T+4 which means on T+3 at latest. Individual brokers have their own policy below is a snippet from [Jeffries policy](https://www.jefferies.com/CMSFiles/Jefferies.com/Files/Policies/regsho.pdf). + +&#x200B; + +https://preview.redd.it/hc10syv1mhc71.jpg?width=2160&format=pjpg&auto=webp&s=155b2abcf1eb354e7493d488aab29925e0035389 + +You can see that Jeffries policy is consistent w/ the SEC (obvi). So, any any shares shorted recently (this week), regardless of net SI increase, must be returned at T+3 due to FTD regulations set in place by the SEC via SHO regulation. So T+3 from 7/15 means that on 7/20 (aka today) potentially 894,312 shares needed to be closed out. This may explain some of the price action in the morning. Tomorrow, 375,741 shares (potentially) will need to be closed out, and the day after 1.2million shares. Just checked today and the short volume was a whopping 5.7m, already did the mindnumbing calculation days ago this is more than the float. So, short volume is peaking and is now above float, every ortex indicator is blinking red crazy, and the price is acting unstable af aka liquidity is drying up: + +https://preview.redd.it/6ssba351fhc71.png?width=2524&format=png&auto=webp&s=e9a6eec3eeda6a84f759775e16bc07adb11f9255 + +So if uh imo (3) scenarios tomorrow: + +1. We repeat what has been done since Thursday. Price peak in the morning then end close to flat. +2. The price is completely flat and slightly down. I call this pattern “the golden straightjacket to moon pattern”**™**. +3. We moon. + +For the other ticker that rhymes with egg, the price basically spiked around a constant value pre-squeeze, it was halted before the big move. So far, so good. 🙂 + +Oh and option flow is pretty bullish as well at 12:00pm PT, there were 15x more calls opened than puts, 2.6M in call premiums vs 200K in puts premiums, volume way above normal + +&#x200B; + +https://preview.redd.it/0g6zb7yughc71.png?width=1972&format=png&auto=webp&s=ead674945397aa275efc73e23f4a5ad66f8dc28e +Been having trouble releasing equity in my main residence. I have owned it for approx 6 years and switched lender recently. + +I have over 300k in equity on it and I have a holiday home worth roughly £250k that I own outright. + +I tried with the bank I recently switched over to, to see if I could remortgage and release equity so I could do some home repairs and pay off higher interest debts. The bank refused to take any of that into account and refused the application. The additional payments on the mortgage would have been around £300 less than what I am paying in total for my car and PL. + +I have also tried a second mortgage with my partner who is semi retired and this has been declined also. + +Any other suggestions? I never imagined it being this hard with the equity we have in both properties. + +My credit score is 550 on Equifax and 980s on Experian- squeaky clean. + +The reason that they both have come back with is affordability, as they are working on the basis I am taking it on along side my other debts, why can non of them take settlement into account? +With computers and financial data, anyone can just program Benjamin Graham’s formulas into an algorithm and invest based on it. Any time a stock actually becomes a value stock, the dip is quickly bought before you’ve even had time to digest the information. If it isn’t bought, it’s most likely a value trap. + +Additionally, for the past decade, if anyone asks for a book recommendation, one of the top answers has been “The Intelligent Investor”. The more people adhere to a technique, the less inefficiencies there are in the market with regards to that metric. By telling others to value invest, retail investors have literally been killing value investing, and Warren Buffett’s returns too. + +On Google trends, the Intelligent Investor had a slight bump over pre-2011 times, and that coincides with when Warren Buffett stopped outperforming the S&P500. +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. +Essentially my step grandmother has been eligible to income support benefits . As many of you know this system is now replaced by universal credit and this is 12 years ago. + +The council however are still requesting a repayment despite sending letters stating the council has made an "official error" pertaining to 2013-2016. Which makes them responsible for the overpayment not my grandmother thus making exempting her from paying it back. + +But there was overpayment in 2006 and to produce a decision notice they require proof of income support for this period. My step grandmother already has information proving eligibility to income support, due to a previous court dispute in which they stopped providing income support which was successful in court evidencing her eligibility. This also suggests that they themselves do not have this information (which is likely considering the date of this information and change in the system). + +We are reluctant to take a legal approach. This is because various lawyers have decided last minute not to persue the case and legal aid is very hard to obtain these days. The citizens advice bureau was useless. But we don't know what the procedure is and how not to pay this overpayment. In addition it doesn't seem reasonable for them to request this evidence considering the previous court dispute and admittance of an error for the later periods. +I'm concerned about wiping out my savings completely, but also anxious about taking out a big loan. Do I just borrow the extra £10k and use up all my savings? Or borrow more so I can keep a reserve? + +The savings are mostly in a current account at the moment (because I know I probably need to spend them soon), but £10k is in NS&I bonds + +I can save about £1,000 a month in normal circumstances, although right now it's all going straight on the house + +Thanks +Basically, all I hear about NAK are too many good things and to avoid being stuck in an HMHC situation I want to know the risks of being in NAK. + +If you’re investing in NAK you should know the risks or why the stock might be stagnant or tank? +My Up and Down votes jump 10 at a time i wonder why 🤔 + +Intro + +This is a thesis based on Logic, Data, Math, and Facts about 💎🙌🦍s owning the system (not financial advise) + +The 🚀 is just Inevitable. + +Shitedal only has one out and that isn't happening (💎🙌) + +🦍🧠 Smooth 🦍 can learn anything cause 🦍 know nothing + +[Please please please please watch this video](https://www.reddit.com/r/GME/comments/mi21pt/attention_you_need_to_watch_this_the_author_of/?utm_medium=android_app&utm_source=share) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Gonna start with TLDRs + +Everyone's fucking the cookie jar, 💎🙌 stopped the game, Feds/Longs are forced to bend the knee/join 💎🙌s and clean up their Laundry mat/printer/naked Shorting and 🦍s own the world + +DUH 🤦🤦‍♀️🤦‍♂️ new revelation + +*🍗s will create a bull run in Main st and Wall St, 🦍s are the safety net from the crash by paying off debt, all of our families, friends and loved ones debt. Michael Lewis was 1 🦍, 1 🦍 weak, 🦍💪 together that's the most important thing to take away from this 🦍💪 Together* + +Bonus: Fed is forced to pass infrastructure bills to prevent the Bond Market from blowing up, Fed is FORCED to invest in America 🤫 we own the world + +MEMES for [Perspective](https://www.reddit.com/r/GME/comments/mivssm/lets_get_this_shit_straight_this_isnt_a_once_in_a/?utm_medium=android_app&utm_source=share) +[Money](https://www.reddit.com/r/GME/comments/mi86rb/im_posting_this_again_because_i_want_us_all_to/?utm_medium=android_app&utm_source=share) and [Story](https://www.reddit.com/r/GME/comments/miksow/its_july_2021_youre_drinking_water_and_exercising/?utm_medium=android_app&utm_source=share) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Meat and Potatoes + +[ This is it!*](https://www.reddit.com/r/GME/comments/mippnw/what_a_rare_opportunity_this_community_has_with/?utm_medium=android_app&utm_source=share) I came to the same conclusion thanks to this [TLDR**](https://www.reddit.com/r/GME/comments/mhjuyi/the_everything_short_citadel_sec_exemption/?utm_medium=android_app&utm_source=share) and i was making a write up of it so instead ill just post my thoughts with DD referencing, + + +[Ken/Shitedal will be the fall guy](https://www.reddit.com/r/Wallstreetbetsnew/comments/mhiil4/61727054_says_ken_is_next/) and the DTCC/FED NEED to own Shitedal to take control of Palafox ([Subsidy of Shitedal](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)) to "fix" the books and the damage in the [US bond Market](https://www.reddit.com/r/GME/comments/mhqvee/reverse_repo_rate_for_today_is_at_134_billion_usd/?utm_medium=android_app&utm_source=share), Ken will go down as the mastermind and GME Holders will be given unlimited Tendies [to pay off home debt](https://www.reddit.com/r/GME/comments/miuqrp/200813/?utm_medium=android_app&utm_source=share), family debts, and pay [Treasury debt (this actually shows that all players are complicit in the Treasury Printer)](https://www.reddit.com/r/GME/comments/mjv3oj/the_great_reset_the_laundry_machine_of_the/?utm_medium=android_app&utm_source=share) solidifying the market and creating a bull run in Main St and Wall St. Retail will become the safety net of mainstreet through the Squeeze pay out, the Squeeze will be set off [ by a historical Margin call on Shitedal***]( https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/). In order pull this off the DTCC [is stopping naked shorting](https://www.reddit.com/r/GME/comments/mi3xdt/dtcc_new_proposed_rule_change_dtc2021005/?utm_medium=android_app&utm_source=share), the FED allowed the leveraging rules to expire along with the [DTCC rule changes****](https://www.reddit.com/r/GME/comments/mgrx9n/new_dtcc_filing_30_march_recalculating/?utm_medium=android_app&utm_source=share) which is [forcing mass deleveraging of Shorts](https://www.reddit.com/r/GME/comments/mhew67/109m_sell_candle_at_close_on_the_dow_jones_to_the/?utm_medium=android_app&utm_source=share) so Naked shorts are forced to close which [Shitedal will never do](https://www.reddit.com/r/GME/comments/mhwf5o/apes_proof_there_is_no_volume_other_than_naked/?utm_medium=android_app&utm_source=share) as [they have no cloths](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/?utm_source=share&utm_medium=web2x&context=3) the DTCC is also [preventing new shorts from being placed via the Rebate Rates](https://www.reddit.com/r/GME/comments/mgva26/gme_borrow_rates_do_reflect_a_hardtoborrow/?utm_medium=android_app&utm_source=share). They are also prepared for massive deleveraging they expect it to [break the NSCC repeatedly*****](https://www.reddit.com/r/GME/comments/mhx3p8/i_have_translated_srnscc2021004approvalnotice/?utm_medium=android_app&utm_source=share) this will simultaneously remove the naked shorts from the Stock Markets balance sheets and leave the largest bag of excrement the world has ever known in Shitedals/Melvin/[Robinthehood hands](https://www.reddit.com/r/GME/comments/m74e3g/this_is_huge_robinhood_never_owned_your_gme/?utm_medium=android_app&utm_source=share). [Also another reminder that Shitedal plays by its own rules and will only cover via Margin Call](https://www.reddit.com/r/GME/comments/mh93dp/is_it_true_the_sec_exempted_citadel_from_the/?utm_medium=android_app&utm_source=share) and all of this is done because of 💎🙌, this would never happen without 💎🙌 + +How deep did they dig? 🦍 + [GME Volume](https://www.reddit.com/r/GME/comments/mgl19d/calling_smart_ape_yahoo_high_volume_graph/) and + [Negative Beta](https://www.reddit.com/r/GME/comments/mfhszf/gme_adjusted_beta_23735_bloomberg_terminal/?utm_medium=android_app&utm_source=share) and [Potential SI %s](https://www.reddit.com/r/GME/comments/m8mokf/short_interest_compliation/) and [GME Volume](https://www.reddit.com/r/Superstonk/comments/mlnvor/32_billion_daily_volume_reported_by_finnhub_stock/?utm_medium=android_app&utm_source=share) + + + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Other 🦍 insight + +A quote from u/jarvislatteier on how they will liquidate Shitedal completely cause 💎🙌🦍 want blood, they know we won't sell until Shitedals gone. + +"If I were to put my tinfoil hat on, the DTCC has rules on forced collection and close out of debt. If the liquidation of that security would cause a shit show the DTCC gets to orchestrate how that spring gets unwound. The shorts must cover that hasn’t changed. But maybe they’re running out the clock till they can cover their ass with the new regulatory revisions. + +Warning ⚠️ the following was intentionally being misinterpreted and used as FUD. Pay attention to the most important word “completion” + +SEC. 6. (a) Promptly after the Corporation (DTCC) has given notice that it has declined or ceased to act for the Member (HF OR MM), and in a manner consistent with the provisions of Section 3, the Net Close Out Position with respect to each CNS Security shall be closed out (whether it be by buying in, selling out or otherwise liquidating the position) by the Corporation;... provided however, if, in the opinion of the Corporation, the close out of a position in a specific security would create a disorderly market in that security, then the completion of such close-out shall be in the discretion of the Corporation. + +I want to reiterate THE SHORTS MUST COVER. “The COMPLETION of such close out and disorderly” are the takeaways here. I believe they are running out the clock and setting up Citadel / Melvin / Robinhood to take the fall with no government bailouts. In the last congressional hearing they said they’d let a market maker burn. + +Tinfoil hat off. I like the stock." + +No Bailout means Shitedal Bleeds dry and then it rolls up into the next organization until all shorts cover and printer goes BRRRRRR [lender of last resort](https://www.reddit.com/r/GME/comments/m6u16s/the_lender_of_last_resort_as_foretold_by_dfv/?utm_medium=android_app&utm_source=share) + + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Conclusion + +The Squeeze will happen. That's it. + +Shitedals ultimate goal is getting GameStop to fail, 💎🙌🦍s own the system because 🚀, Feds are forced to contain the damage and Ken is the Sacrifice plus they are changing the rules (once in an ever deal). Blackrock is waiting to buy crash just like 🦍s. Only question is how many 🍗 do 🦍s want? + +Shitedals only other play: A Commodities Squeeze would fuck up the main street/bond market and crashes the dollar fucking all longs up, ignore Silver/Commodities stay with GME. + +Tin Foil Hat Theory: Shitedal crashed the evergiven to crash the US Economy or buy time (more likely I doubt Shitedal could crash it, the Feds would never let it blow up, Fed is head hancho) + +[End Game is DTCC enforcement](https://www.reddit.com/r/GME/comments/mir4xo/ever_have_doubts_dtcc_rule_2021005_practically/?utm_medium=android_app&utm_source=share) + + +Credit also goes to [BlackRock a Trillion Dollar Honey Pot](https://www.reddit.com/r/GME/comments/mhd7ba/blackrock_and_a_trillion_dollar_honeypot/) from u/weeknddev for helping my collect my thoughts and evidence together on this, giving me an opposing view leading to the obvious truth 🦍 in control 😏 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Referencing quote's Section + +*"So here is my thought. I think the DTCC, SEC, Government, all know what is going on. We keep crying for action but I think they already know. Personally, I think they are trying to figure out how to solve this problem without undermining the US Equity Markets. They know it's been corrupt for years but now the average person is just starting to learn about it. They have had the game rigged in their direction since the beginning but this will be the straw that will breaks the camel's back. If they lose creditability, world investors will take their money to other places but they can't do it publicly. They will quietly change the rules and hope this doesn't blow up in their faces. + +In reality, people should already be in jail for this because they have/been breaking the law. They don't want that kind of attention because it means the entire system knew and they were complicit. This entire thing could literally bring down the system. So I expect them to protect their own asses first." + +**"TLDR: Blackrock, RC Ventures, the Fed, the government, the SEC, the DTCC, or any combination of the aforementioned could very well be conspiring to use the GME play to bankrupt and pillage every GME shorty (and likely every treasury shorty if there are others besides Citadel) to offset the financial damage done and maintain global public sentiment. The potential fallout for not employing a coordinated strategy here is untenable. You'd be talking a global "max pain" scenario. But if cooperating, only shorties would die, Blackrock and other longs would come out well ahead, retail gets PAID and reinvests/spends, government gets paid and doesn't look UTTERLY incompetent, the dollar remains reserve currency and hyperinflation is averted. And hopefully, legislation and regulation reform follow, but crisis averted! For now..." + +​ + +***" NSCC-801 TA;DR — “If your positions are fucked enough that you’re at risk of losing so much money it'll fuck us all over, we’ll margin call your ass so fast it’ll make your head spin. If two or more of you assholes were that much of a dipshit, we can make you pay OR we can make everyone in the gang have to chip in. They're going to fucking hate that and they’re going to want to prevent the possibility of that happening, so they’ll probably turn on your ass.” + + +****."it will probably increase leverage constraints on all players, some of which may or may not be embroiled in GME." + + +*****"Section 5.2.4 (Recovery Corridor and Recovery Phase) outlines the early warning indicators to be used by NSCC to evaluate its options and potentially prepare to enter the “Recovery Phase,” which phase refers to the actions to be taken by NSCC to restore its financial resources and avoid a wind-down of its business. Included in this section are descriptions of potential stress events that could lead to recovery, and several early warning indicators and metrics that NSCC has established to evaluate its options and potentially prepare to enter the Recovery Phase. These indicators, which are referred to in the Recovery Plan as recovery corridor indicators (“Corridor Indicators”),23 are calibrated against NSCC’s financial resources and are designed to give NSCC the ability to replenish financial resources, typically through business as usual (“BAU”) tools applied prior to entering the Recovery Phase." + + +🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗 + +[Part 2: World War 3](https://www.reddit.com/r/Wallstreetbetsnew/comments/mm95m5/war_world_3_longs_vs_shorts/?utm_medium=android_app&utm_source=share) +Hey everyone, I'm interested in what you all have to say about this. I have just recently started researching REITs and have been wondering if they are a good alternative to investing directly in rental properties. What are your thoughts? +I know this is a question better suited in r/wallstreetbets but Im kind of afraid of the answers I'll get since it's soooo.... Well you guys know. But I have seen many people throwing MASSIVE amounts of put options in SPY so why SPY over something like VOO? Why is SPY so popular to bearish investors compared to bullish ones? I have seen people buy SPY puts with 2 days until expiration date out of the money just to lose EVERYTHING and sometimes go above -100% when they use margin. +Bloomberg - Ford Profit Falls on Slowing Demand, Spending for Super Duty http://bloom.bg/2dOnbsa + +For all those wondering why F has been falling over the last few months. +Most people agree that we can't spot the top or the bottom but it seems like we may have already seen the bottom. Retailers and other companies like chip makers are talking about an inventory glut. Energy and commodities are going back down. Gas prices are unlikely to go higher unless Russia has a major escalation. + +It seems like that all adds up to having already seen peak inflation, which means the Fed can moderate, and the economy can continue to grow, i.e. there may be a soft landing. + +[https://markets.businessinsider.com/news/commodities/commodities-prices-fall-oil-wheat-copper-food-inflation-cooling-economy-2022-7](https://markets.businessinsider.com/news/commodities/commodities-prices-fall-oil-wheat-copper-food-inflation-cooling-economy-2022-7) + +[https://markets.businessinsider.com/news/stocks/paul-krugman-economist-runaway-inflation-stagflation-bill-ackman-gas-prices-2022-7](https://markets.businessinsider.com/news/stocks/paul-krugman-economist-runaway-inflation-stagflation-bill-ackman-gas-prices-2022-7) +I think I might YOLO my whole account on the April 9 15C. Citron has big money on this supposedly. Wish me luck + +&#x200B; + +Edit: Just got a DM and did research on this. Pre-IPO before all the fraud was $17. That's a triple from here. Just some food for thought. +Was just contacted by the IRS. They say that they want to audit my mining business. tldr: I mined a bunch of coins back when CPU mining was profitable (more on this later). More recently I started mining with some Avalon ASICs (which I declared under my business and tried to get reimbursed for taxes paid for electricity, losses due to bitcoin fluctuations, and depreciation of my assets). The IRS now (apparntly??) has looked at my mining business and found "evidence" of my earlier CPU mined bitcoins, and that they are mine and they want to know why I haven't paid any taxes on these bitcoins. I have to meet them in person on Wednesday. What should I do? I have thrown up twice in the last hour I am so nervous. + +test test this got removed? + +edit: all of this derailing stuff about hypothetical side-ventures aside, the IRS has no knowledge about my side-ventures. My bitcoin mining was all on the up-and-up. I am just afraid of what might show up if they dig too deeply. +This move by the union doesn't make much sense to me. If I am missing something, please share your perspective. I can't understand going on strike during some of the most financially difficult times for your company. And the offer by Boeing looks pretty damn good. +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +There are 2,500 members of the International Association of Machinists set to go on strike at 12:01 am central time on August 1. The plants are in St. Louis and St. Charles, Missouri, and Mascoutah, Illinois. + + +BA lost **billions** and the union says: + + +> “This company continues to make billions of dollars each year off the backs of our hardworking members. Boeing previously took away a pension from our members, and now the company is unwilling to adequately compensate our members’ 401(k) plan. We will not allow this company to put our members’ hard-earned retirements in jeopardy.” + + +Boeing negotiated and offered matched dollar-for-dollar up to 10% of worker’s base and incentive pay towards 401(k) contributions. Boeing also offered to make a special contribution of 2% of workers’ pay in 2023 and 2024, and to ***provide matches on student loan payments for workers’ children***. + +The proposed three-year agreement would have raised average wages by 7.2% in the first year of the contract in addition to giving workers a $1,000 cash bonus, according to a web site about the offer from the company. Workers would have received a 4% increase in the second year and a 3% raise in the third year, according to Boeing. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Naturally Boeing is announcing its earnings this week. RIP + +**Edit: before you start slinging insults, I am not making a statement for or against this. I don’t have all the information obviously. On the surface the timing doesn’t make sense (to me), which doesn’t make it wrong. Thank you to everyone who is responding with helpful perspectives on the situation.** + +[Full Story Here](https://www.cnn.com/2022/07/25/business/boeing-defense-workers-strike/index.html) +Hello ladies and gentlemen. Im 15 years old and I am currently reading the complete guide to money. I got a job doing landscaping for ten dollars an hour. I work Fridays and weekends for about four hours. This weekend Im going to get my first debit account and card. I have twenty-seven dollars in cash. Im trying to budget to buy 130 dollar headphones. How much should I have saved up in addition to the 130 dollars. Ive been getting better at saving and spending my money. My income is obviously extremely wishy-washy. However it does seem to be looking good long term. For a career I’m interested in law. I need to figure out how to pay for undergraduate college as well as law school. Ive asked my parents and they say I’m gonna need to get into debt. That’s obviously the last thing I want to do. Where do I go from here ? How much do I need to save before I buy the headphones? How should I pay for college? Thanks guys. +Sundaeswap swap has recently released their work around for the fact that UTXO currently cannot run a permissionless, decentralized AMM DEX (like Uniswap). Items of note: + +-the Sundaeswap team determined that the entire Cardano chain, without any other dApps competing for resources, will have slower **PEAK** tx speeds than half the **AVERAGE** tx rate used by one dApp on ethereum. They compared cardano's peak to the average rate on Uniswap v3 (but didn't count v2). Cardano will have options to speed that up in the future, but they are not ready yet (see second link below). And even then, cardano will still be slower than ETH, the slowest layer one chain that anyone has ever heard of. [See u/grimmergrimmergrime 's comment for an estimate of v2's speed: https://www.reddit.com/r/CryptoCurrency/comments/qnjmby/cardano_is_coasting_into_an_iceberg_the_crew_are/hjhhfz5?utm_medium=android_app&utm_source=share&context=3 ] SS swap claims a theoretical max tpm of 3800 is "impressive." 3800 tpm is an unverified max, and it is INCREDIBLY slow for a L1. For example, it's about 160x slower than Cosmos' max tpm. + +-They accurately explain why all the other proposed solutions create vulnerabilities, weaknesses, market inefficiency, attack vectors and centralization that Uniswap type AMMs do not have + +-They propose to add a novel, gated and "trusted" application-specific proof of stake layer with untested incentives (and untestable due to the lack of direct fee incentives on a testnet). They have determined that the best way to avoid the UTXO concurrency dilemma is to appoint third party aggregators to execute all of the orders, and "[t]he first step is choosing trusted members of the community to run them." So much for having the most decentralized chain. + +-They rate every solution to this problem, including their own, as requiring more development work and creating more "surface area [that] needs to be audited" than Uniswap. So much for the advantage of UTXO being easier to audit. + +:https://sundaeswap-finance.medium.com/sundaeswap-labs-presents-the-scooper-model-678d6054318d + +Meanwhile, Cardano devs are finally getting serious about starting the public conversation around why txs fees are necessary to avoid catastrophic network congestion, why cardano needs decentralized development, and the mistake of not having a longterm roadmap and pursuing layer 2 solutions sooner: + +https://m.youtube.com/watch?v=3dc6zG9EjWE +Hi BitCoin I'm Albert. My son Daniel introduced me to BitCoin a couple weeks ago and the discussion group here. I finally worked up the nerve to sign up so I can maybe provide some wisdom or nonsense depending on your perspective. + +I wont make this too long-winded, but I've lived a long enough time and seen enough bad and good things happen to know the way the world goes. To sum it up, in the long run, Good things always get Better, and Bad things always get Worse. I have a little money invested in Bitcoin. It's not a huge amount, just a little percentage from my monthly retirement checks I'm saving to maybe buy a gift or two for my Grandchildren. But even if I had a lot of money invested in it, I wouldn't be worried. Why? Because Bitcoin is Good, and Good things always get Better! + +Let me explain in more detail: having grown up after the Great Depression, and many subsequent depressions, once thing is clear to me is Governments are bad with money, and they seem to be getting worse. And yet these are the same people who influence our money more than anything. And as 2008 showed us, they still haven't learned from their mistakes. What's Wonderful about Bitcoin is that it's a little like Mother Nature. No one is really in control, but Mother Nature has proven she can take care of herself just fine. So to me, betting on Bitcoin is like betting on our Planet. Sure she has some ups and downs, but she is fundamentally resilient and if she does better we all do better. + +Regarding the Crash that happened yesterday and is maybe still ongoing, I think the problem for people is they have lost faith in currency. A lot of people got very excited when Bitcoins value starting going up a lot, but the moment it started going down, they start remembering all those times when the government behaves irresponsibly (like printing too much money!) and all of the terrible consequences that followed. This is not the same, but people can't help but make parallels. Bitcoin is unique. + +I remember when you first started hearing about the internet, I was one of the very first people to sign up to AOL, and even then people were saying it was a fad, it wasn't 'real' and so on. But all I saw was potential, and now look at where we are today with Google and Reddit! + +One final thing before I ramble on too long. Remember that Bitcoin is young, very young. You don't take the measure of a man right after he learns to walk, you wait and let him mature, and maybe get in a bar fight or two along the way. + +So if you lost money today or yesterday, or if you lose money in the future, don't worry. That is, if you really believe in Bitcoin, like I do and I know so many of you do as well. + +-Albert + +I'm looking for the most cost effective way to transfer multiple hundreds of thousands of dollars sitting in Europe to the US. The cheapest seems to be buying bit coin and then two days later selling it, but I'm not too comfortable with that. Any better suggestions and what is a reasonable percentage I should expect to lose due to the transfer (crappy exchange rate, fees, etc.). + +How are people who how houses in multiple countries handling this when they need to move money regularly? +I am in my mid-twenties and was fortunate to experience an IPO recently which shot my equity to \~$3M (touched $4.5M at peak stock price). About $1.5M worth of stock options are exercised and if I move out of California, I can save some taxes (comes to about **\~$150k-$200k in tax savings** over time). This savings amount can increase with raise in stock price in future. + +I am bullish and intend to hold my equity for at-least next 1-2 years. I am looking to relocate to either **Seattle, WA** or **Austin, TX.** + +\-------------------- + +**Conditions:** + +Seattle - Pay will have no change (future raises/promotions may see a correction) + +Austin - I will take a 10% reduction in base salary and future raises/promotions will be adjusted as well. + +TC is expected to remain at-least $500k for the next 2 years and may see a sudden drop to about $250k + +\--------------------- + +I have consulted with tax advisors and they say the savings are possible. However, they cannot help me with some personal questions like:- + +**- Which no-tax state to move to?** + +**- Will the move be profitable in the long term?** Yes, I get an upfront tax benefit by moving out of California but over time, the new jobs in the new state may pay less and the tax saving will eventually even out (or worse, will be a loss in the long term) + +**- When is the right time to move?** Now or wait for a year? + +**- Am I ridiculous** to spend so much of my energy in thinking about tax savings instead of focusing on gaining more skills and increasing my income? + +\----------------------- + +I feel too young/confused to even decide what exactly should I focus on, increasing net worth? dating and getting a GF? family-planning? living the bachelor life and not optimizing for money? + +Looking for help (get some clarity) from some experienced folks :) + +Thanks in advance <3 +I've been thinking about helping out family and friends recently, specifically: + +Giving $100k to my (hardworking, not rich) siblings. + +Offering to hold a mortgage for friends looking to buy a home at a fixed rate that is higher than my bond interest but lower than their bank mortgage rate. + +Can anyone give anecdotes on how this type of thing was received when you tried it? + +Edit: still thinking about giving money to family (not a loan) but with friends were just going to rent a nice summer vacation place and invite them for free. +Hey guys, I’ve been using The Strat to paper trade for about 6 months now and I’ve made my own personal strategy that has been incredibly consistent when looking at the move after it’s finished, but I’m having trouble staying in the trade long enough to see it through until my target. Watching my trade go in my direction and seeing profits then watching it reverse sometimes causes me to exit early for a small loss even before my stop loss, and then it continues to go in the direction I wanted and always hits the target. My account is small so I can’t stomach any red but I know that I need to let my winners run but it’s just hard with all this volatility yk. Anyway I was wondering if any of you guys have been through this before and what you’ve done to fix it? +I saw [this post](https://www.reddit.com/r/australia/comments/qsjck5/hands_up_if_you_have_private_health_insurance/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) yesterday which got me thinking. +How much are the Private Health Insurance companies raking in? +I had a look at the Annual reports of the top 8, which seem to pretty well be the entire market. + +Turns out it's over **$1 Billion in profit.** + + +Then I kept seeing the ‘Federal Government Rebate’ pop up and wasn’t sure what it was (tbh I still don’t). + +Anyway, the figure the Government is giving these companies comes to > **$434 Million.** +I just threw in the total package of the boards cause I was there. + + +|Fund|**2020/21 Profit (After tax) $'000,000**|**Federal government rebate** receivable **$'000,000**|**Total** Board of **Directors Remuneration $'000,000**| +|:-|:-|:-|:-| +|[Medibank](https://www.medibank.com.au/about/investor-centre/results-reports/annual-reports/)|411|113|13.6| +|[Bupa](https://media.bupa.com.au/bupa-australia-and-new-zealand-2020-financial-results/)|211|118|11| +|[HCF](https://www.hcf.com.au/about-us/about-HCF/governance-and-structure/annual-report)|149|75|11.4| +|[NIB](https://www.nib.com.au/docs/appendix-4e-and-2021-annual-report)|161|41.7|7.7| +|[HBF](https://www.hbf.com.au/media-releases/2021-annual-report)|17|34.7|6.6| +|[Australian Unity](https://www.australianunity.com.au/-/media/rebrandcorporate/documents/annual-reports/fy21_australian_unity_annual_report.pdf)|33|\-|8.2| +|[Teachers Health](http://cdn.tfhwebassets.com.au/assets/thf/2020_Annual_Report.pdf)|23|21|4.1| +|[GMHBA](https://www.gmhba.com.au/globalassets/documents/annual-report/gmhbaannualreport2021.pdf)|34|11.5|2.8| +||||| +|TOTAL|1,069|434.9|65.4| +Like many others we bought a house during the pandemic with a largish but very manageable mortgage. We don’t come off fixed rate until next year so haven’t been affected by the rate hikes yet. Know we shouldn’t have listened to Phil Lowe but this is not the place for bear attacks pls! Just interested to hear from others in the same boat, have you been affected by the rate hikes yet and changed your spending? Or changed your spending in anticipation you’ll be affected soon? +Back in time as the BTC was copied by hundreds of "alts" this word was burned into the brains of cryptohodlers and traders. But the word altcoin is not more appropriate. From the top 15 cryptocurrencies only BCH and LTC are alts as they are BTC derivatives. Other cryptocurrencies base on completely different protocols. They are not alts, but some of them are serious competitors to BTC, with faster development, newer technology and more functions and features. Let us not use this alt-word any more, as it is underrating the value and position of other valuable cryptocurrencies. +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. +Hey guys, + +As many others, it shows on my portfolio that i have sold then bought the amount for the stock splividend. I have the same issue with SAXO BANK, and it can obvisously create TAX issues. + +[Great shaddyness DEGIRO !](https://preview.redd.it/ox7k34f1t4d91.png?width=1471&format=png&auto=webp&s=85237066fcaeaf604f7e640a5991241f0df2ea08) + +&#x200B; + +The manager on the line said it's the first stock call he receive on that matter, and they had an "issue" this morning on their platform showing this for everybody having gme stock. + +&#x200B; + +I asked if it's an error (just showing a false buy/sell) or if they really sold my investment ==> + +I'm still waiting online the chief of this guy to send you more info, i'll record the conversation starting now + +i'll edit soon. + +&#x200B; + +FIRST EDIT : and still waiting for more info from his part : Yeah it seems they made a mistake and really SOLD all my portfolio, he doesn't even have informations on the fact if it's gonna be a taxable EVENT or not. They are currently trying to correct the mistake, but i don't even know what they mean by that and he seems clearly lost too. + +&#x200B; + +SECOND EDIT : "we have a subcontractor to show the price of actions" ==> explanation for the error + +"No it won't have an impact as a TAXABLE EVENT" + +&#x200B; + +I'm still lost but he confirms that it won't be shown on the annual report as a taxable transaction, my guess his it will precise that it's due to a buy at the same amount + +i have all recorded and told them + +&#x200B; + +==> guess it's kinda good news but indeed i will DRS even more right now + +&#x200B; + +LAST EDIT (SAXO BANK manager) : same answer on the phone but seems more professional answer and more reassuring " + +no don't worry it won't be a taxable event, we can only show Buy and sell even during event like split, so it's not accounted as a real sell dont worry" +You have wallets or currency on exchanges. You wrote out some strings of words and have your passwords saved somewhere safe, two factor set up everywhere possible. Life is good. You're sure that if you lost you phone or if someone broke into your house and stole your computers, no one else could access your accounts and wallets. + +But could *you*? + + +Make some time to test your own security. Imagine or recreate a situation where you can't access your usual devices. Will you be able to get your authenticators running again? How will you get your wallets up again? + +"Your keys, your crypto" is comforting, and knowing how to use the scribbled notes in your safe is far better than just vaguely knowing you could. In a test you might discover that something is missing, or you can't read your own handwriting. + +You never think it'll happen to you, but better to be safe than sorry. + + +Edit1: i think this is the first time automod let a post of mine through! Congrats moon farmers, I'm upvoting every reply here. + +Edit2: to everyone saying thanks for the advice, you're welcome. I hope this thread can actually save at least one person from preventable loss. +For people saying they've lost access before and wish they had done this sooner, that fucking sucks and I'm sorry to hear. Thanks for admitting it here, maybe it will inspire some people to test and beef up their setups. + +Edit3: Never had a reddit award before. How exciting! Thank you. :) +But how many of you technology folks with the $300k incomes are filing state tax returns for days worked in other states as required by their laws? I mean the laws were originally targeted professional athletes, but they are going after high income earners now. Particularly thinking of the Austin or Seattle based folks who may spend a couple of weeks a year working in CA. Do you file, or do you just ignore the law and hope for the best? + According to [this video](https://twitter.com/ArashMarkazi/status/1269169419998990336?s=20) on Twitter, things in Vegas seem to get pretty much back to normal. + +What stock do you consider buying? MGM? Wynn? + +My thoughts: + +As with airlines and cruise traveling, people will get back to their normal behavior very fast. A second lockdown became very unlikely and we all saved a lot of money which we can now for gambling or vacation. +Listen you autists, sit the fuck down and let me explain to you why I like this stock. If you're already sitting down then stand up, now sit back down. + +First off, *fuck your bitch and the clique you claim*, when I watch a movie I want to see it on a massive 70+ FOOT screen. You think I want to watch a gem like Frozen 2 on small bitch ass 60 inch TV screen with shitty ass TV speakers? No. I WANT THAT FUCKING BASS REVERBERATING THROUGH MY TESTIES AND IT TICKLE MY ANUS. Thats some good shit. I ain't getting this shit at home. My wife doesn't like losers who watch movies on small ass TV screens. That's why she's with her boyfriend right now. + +Secondly, I don't have a fucking fountain soda machine in my house. Im a poor retard who is trying to make a living like Steve Cohen. Nothing is better then sippin' that sweet carbonated nectar with a big fat bin of popcorn or a god damn pretzel. I also don't have an arcade section to kill time. SOME EVEN HAVE BARS. + +Thirdly, this shit is 13$ right now. Severely under valued. Its not the company's fault that shit stains suppressed this stock for years and prevented further growth. Its not the company's fault that covid fucked its business right in the ass. + +But guess what, we have vaccines now! Covid is far from over but its only a matter of time until our wives respect us by watching 🚀 Man on big ass fucking screens like we 🦍 are supposed to. + +They are embracing streaming like the chads they are: + +https://www.theverge.com/2020/8/6/21357883/amc-universal-disney-streaming-warner-bros-mulan-tenet-theaters-movies + +Chicago is opening up more theaters and as restrictions are lessened more will open up: + + +https://www.nbcchicago.com/news/local/amc-to-open-35-more-movie-theaters-across-illinois-friday/2423859/ + +They cut into their debt which means NO BANKRUPTCY! + +https://www.reuters.com/article/us-amc-ent-holdg-capitalraise-exclusive-idUSKBN29Y03C + +This is a 40$ stock, at the very least and when they're clicking on all cylinders it can go even FURTHER BEYOND. It will take time to get there but this is a no brainer hold! + +Position: 1k shares, avg $8.7. + +TLDR: I like this stock. I like watching movies in the theater. + +🖐💎🖐 + +🚀🚀🚀🚀🌙🪐⭐ + +🦍🤝💪 + +🖐💎🖐 +As a millennial I feel like the world is against us. Homes cost 10x what our parents paid while wages have barly increased. The cost of living is becoming insane or rather is insane. Even with a well paying job I find myself living check to check and in credit card debt. I invest what I can into crypto while trying to manage my debt the best I can. A 9-5 is never going to allow me to become "well off". I have maybe earned a few nickles from a savings account thanks to the amazing 0.01% interests rates our banks give. I've earned more staking coins this year than the last 28 years of my life in a savings account. My 401k gets about 10% a year but this is nowhere enough to retire with the insane increase of living costs. I hope we can all break free from the corruption the system. Crypto is here to stay and it will save us all. +Today's "morning dip" wasn't your normal dip. It was a nosedive. But why? Why such price movement? Why throw over 100,000 shares at a problem to move the price if this line wasn't an issue?? Was it bad news in the company? Nope. Someone got fired? Nope. A missed product launch date? Nope again. + +[I posted yesterday about how the price](https://www.reddit.com/r/Superstonk/comments/p65oe4/weve_only_been_north_of_this_support_line_twice/) comes RIGHT UP to this imaginary line that we have noted, then very strange downturns happen. It seems to be this big, scary thing for someone, because every time we approach or cross this line, it gets OBVIOUSLY manipulated, thrown down away from this point. I've also noticed that every time this happens, a big wall is set up for the rest of the day, or until the price gets far enough away ($10 or so) that they can react quick enough if it starts approaching the line again. I'll be watching this one today to see if it gets dropped before closing. + +https://preview.redd.it/uenjgv39i4i71.png?width=1482&format=png&auto=webp&s=883bd02e163675b73e11ac6901995f97fd71e176 + +This is the 13th "near touch" (within $1) or "touch" on this line in the past 3 months, since the shareholder meeting (note: the big spike on the chart below is "the shareholder meeting" week, with that massive down spike being the end of the shareholder meeting). 13 points of confirmation on a single line!!!! That's not a fluke. There's something here, I just don't know for sure what. What is it about this line that has you so scared, Kenny??? + +https://preview.redd.it/t5srv5h7j4i71.png?width=1113&format=png&auto=webp&s=e4e90023ca1d77cfa4a282671f3b2f0df7d6f431 + +The tighter this spring gets wound, the harder it will be for this to continue. At least, that's my thought. Take it with a grain of salt or two. + +It's on sale today, though. So buy your tickets early if you can. (NFA) + +&#x200B; + +**EDIT 1:** 2,000 wall is still there, an hour and a half later as the price bumps up against it a couple of times. + +**EDIT 2:** Afternoon check-in.... Wall is still there at 162.43. I guess it hasn't been lowered enough that they feel safe to drop it, yet. In fact, there appears to be a few small ones all the way up, and another big wall at 165. I guess.... Just in case?? Someone really doesn't want this moving green today on accident. + +&#x200B; + +https://preview.redd.it/6zykbrtxn5i71.png?width=353&format=png&auto=webp&s=244b4223fc11e939433bb8ffb077d3debccf13b1 + +Another interesting note is the 15K and 17K volume bombs that were placed around 157.9. We've been trading with volumes of 3K-5K all day, but those dropped in, but didn't budge the price -- DESPITE the fact that there weren't that many shares at that price at that time available on the books. (I know... I know... don't blast me about "order book not being the end-all-be-all." I'm just saying... it's interesting how that "just happens", which only adds to the "rigged casino" vibe.) + +&#x200B; + +https://preview.redd.it/tvmsil6ho5i71.png?width=181&format=png&auto=webp&s=a27a883696843994113e7984d5457b4b476f5444 + +[And another 18K volume that just popped in.... again, not moving the price.](https://preview.redd.it/a9blst28q5i71.png?width=503&format=png&auto=webp&s=fb508e1ae79b9910713c6bac1ff4aae5ce97b7d0) + +**Power-Hour Edit:** Looks like the two walls are still there. From 9:45am through the entire day, and not a single one of their "wall" shares sold. I've kept a fairly close eye on this today, and that number hasn't moved. + +https://preview.redd.it/cr6716nd36i71.png?width=357&format=png&auto=webp&s=0007ec491c677ead585bb0b546620c701a77d0d8 + +It is interesting how we had some big volume minutes (comparatively) today. And in all of the volumes over 8,000, the price didn't move more than a few pennies -- with one exception at 14:21. That 16K volume spike caused a 50-cent spike, that was quickly brought back down to below the previous value) within the same minute with right at 1k volume. + +[More \\"rebalancing\\" in a dark pool or something????? Who knows. It's not visible to us plebs.](https://preview.redd.it/e8klt9mf36i71.png?width=1115&format=png&auto=webp&s=4649bf42af827e91b3920b31dd7da2d6acb56b85) + +&#x200B; +After lurking in this sub for a while, I agree with the concept, but one issue continues to bother me... + +We are all hoarding as many acorns as possible as quickly as possible in order to retire 20 years early... but this is when we likely have the greatest earning potential. + +I think I am going to have a very difficult time walking away from the corporate world with $2MM invested (for example), at a time when I can work "just one more year" at my highest rate ever and let my assets grow for another year before starting to take distributions. + +Has anyone actually done this yet? Been at the juncture you've been working towards and actually left a high paying rat-race type job to pursue your FI plan (whether that be taking a more enjoyable job, traveling, etc.)? Has anyone delayed their plan when the time came? +I feel we have enough savings that we technically don't have to work, especially if we move to a very rural location with cheap land. + +But we continue to work anyway, as it would be pretty boring to just sit around at home all day. For me at least, being productive at work makes me feel good every day. + +I'm interested in other people's experience. Do you think you theoretically have enough money to not work anymore? If so, what work do you do? +https://www.marketwatch.com/story/did-warren-buffett-just-bet-against-the-us-economy-his-latest-investment-raises-some-questions-2020-08-16 + +>Warren Buffett has long been critical of gold as an investment, saying that it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote, “Anyone watching from Mars would be scratching their head” over how we treat the shiny stuff on this planet. + +>Yet the Berkshire Hathaway just acquired nearly 21 million shares of Barrick Gold GOLD, worth $563 million, while selling shares of Wells Fargo and J.P. Morgan Chase. +Burry shorted the housing market and everyone laughed at him. He was right and made a killing. + +2 years ago Burry went long Gamestop and everyone called him retarded again. Today he (and u/DeepFuckingValue) were right + +Burry is shorting Tesla. FUCK. + +Guy is a wacko - he goes by the name "Cassandra" on twitter. Cassandra was a Greek goddess cursed to utter true prophecies, but never to be believed. Bury also deleted all of his tweets recently. Not sure what that means. + +TL;DR: Tesla longs are probably fucked within the next year because Dr. Burry doesn't seem to ever miss, he's always just a bit early +If you ignore IRA, 401k and Roth IRA, how common would you say it is for an average American to buy stocks in their own name? I asked in a none investing sub and got the answers “not common at all”, so I thought I’d ask this demographic too. + +Edit: Turns out the answer is [14%](https://www.reddit.com/r/investing/comments/ei2sdj/is_it_common_for_average_janes_and_joes_in_the_us/fcn2bbu/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit 2: It now turns out 14% is [not the case](https://www.reddit.com/r/investing/comments/ei2sdj/is_it_common_for_average_janes_and_joes_in_the_us/fcnc4aq/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), that’s just the amount of American who have a brokerage account. Most (?) use them for ETFs and mural funds hence don’t fall into the answer to my question. +Sources: + +http://www.wsj.com/articles/amazon-tip-toes-into-banking-business-1469093403 + +http://www.reuters.com/article/us-amazon-com-wells-fargo-student-loans-idUSKCN10125S + +WFC and Amazon entered into this partnership today -- "Wells Fargo, the largest U.S. bank by market value and the second-largest private student lender by origination volume, will shave a half a percentage point off the interest rate on student loans it extends to applicants who are members of Amazon’s Prime Student." + +"Wells Fargo had $12.2 billion in student loans outstanding at the end of 2015, compared with $11.9 billion at the end of 2014. One of the largest private lenders, the bank sold substantially all of its government guaranteed student loan portfolio in 2014." + +As a huge fan of WFC, I am worried by their pursuit of the student loan market. I don't know how competitive they can remain with the rise of smaller innovative business models like SoFi. Moreoever, I'm also worried that the bank sold substantially all of its government guaranteed student loan portfolio -- I think this was a risky move granted student loan repayment is so dependent on the economy, and that millennials, as as a group, aren't doing too well. + +In regard to the actual partnership with Amazon - I think it will largely be a wash. I don't think it will have much of a dent on bringing in new customers. As a former student loan borrower myself, half a percentage point in interest was not enough incentive for me to make any significant decisions on choosing lender, if other terms (like deferral) were not the most favorable. Still, its nice to see my favorite bank partnering with amazon. + +Thoughts? Comments? + + +I'm moving to NYC this July and I am about to sign a lease for a studio in West Village/Chelsea area for $2,150. This is my first job out of college and it feels super weird paying this month for rent. Came from a small Virginia college town paying $450/month so this is a huge shocker because paying 1k let alone 2k for a studio is absurd to me. + +My Situation: + +* $110,000 salary with a raise of $10,000 on January 2022 +* Exempt from FICA Tax +* Take home is in between 5000-6000, I really don't know the exact number until I get more info of pre-tax deductions for insurance, 401k, etc. +* \~$10,000 in checking right now +* Non-existent credit score as I am an international student. Looking to build this ASAP. +* No Debt at All +* Can't invest as I will be working directly in a conflict of interest type of situation, a huge no-no. only trades that are approved by the firm, so most likely will be dumping everything into index funds when I start in August ($750-1000 a month...?). +* Plan to max out 401k and start a 'rainy day fund'. + +Am I stupid to pay this high for rent? I want to enjoy my first year in NYC but don't want to go overboard and ruin my financial goals. Essentially would be down to move into a cheaper apartment with roommates if I want to save more down the road. + +Very conservative on spending, spend most of the time in my room playing computer games and the occasional night out on a Fri/Sat night every other week + cook all my meals... well who am i kidding its nyc, might eat out once a week or something idk. + +edit: been reading through all the comments and really appreciate the candid feedback and comments, they're really valuable to me. I'm trying my best to strike a fine line between living an amazing first-year in NYC (as romanticized as that sounds lol) and making decent to above-average steps in saving + +edit 2: **the common question of why I won't look around for other places**; I am unable to do so due to my non-credit history thing + international student status. was fortunate enough to have a friend whose parent's bought a building and was kind enough to allow me to rent one of their units. + +oh no i've been locked, mods help pls :c + +oh yay im free now +Hello everyone, I'm looking for a long term investment to invest a percentage of my salarie. A lot of people recommend index funds but I'm also seeing a lot of people comment that the market is very inflated and that the market is going to go down. What do you think? Is VOO a good investment if I'm planning to keep my money in there for at least 10-20 years? Also, do you recommend putting half my money on Nasdaq 100 instead of everything on S&P 500? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +So I just got a call claiming to be from EE from an 020 number offering me unlimited everything on the S21 FE for £21 a month. Normally it's £50 a month with £30 upfront cost. + +Immediately I was like well this is too good to be true and told him as such, as well as pointing out he should already know what phone I have, since he asked. + +He then as proof realed off my full name, date of birth, last two addresses, that I'm with Santander and TSB and my sort code and account number. + +He definitely WASN'T from EE, but how did he know all of that about me? +My wife and I are going to be given land by her grandmother to build a house on but to be frank I am worried about inheritance tax due to the grandmothers age. + +We will hopefully be getting the land in our names within the next week or so but as its been all done so far within the family in regards to drawing up boundaries and just been told her solicitors will do all the paperwork etc. + +I am now worried we will be suseptiable to IHT or something else along these lines. It seems to good to be true at the minute. + +Edit: Thanks all very much for the meaty responses. There is a lot to take in. As always this sub never disappoints. +My wife and I are going to be given land by her grandmother to build a house on but to be frank I am worried about inheritance tax due to the grandmothers age. + +We will hopefully be getting the land in our names within the next week or so but as its been all done so far within the family in regards to drawing up boundaries and just been told her solicitors will do all the paperwork etc. + +I am now worried we will be suseptiable to IHT or something else along these lines. It seems to good to be true at the minute. + +Edit: Thanks all very much for the meaty responses. There is a lot to take in. As always this sub never disappoints. +Guys, it's happening. They know they are screwed. + +Yellen is having an emergency meeting tomorrow OR the day after with the SEC heads, Federal Reserve, Federal Bank, Bank of New York and the CFTC and the meeting is about Gamestop Volatility!!! + +[https://finance.yahoo.com/news/exclusive-treasurys-yellen-call-regulator-014419687.html](https://finance.yahoo.com/news/exclusive-treasurys-yellen-call-regulator-014419687.html) + +[https://www.reddit.com/r/wallstreetbets/comments/lbdpbr/treasury\_secretary\_janet\_yellen\_to\_call\_regulator/](https://www.reddit.com/r/wallstreetbets/comments/lbdpbr/treasury_secretary_janet_yellen_to_call_regulator/) + +&#x200B; + +**"What volatility?" I'm sure you're asking.** + +THE ONE COMING FROM THE SQUEEZE. They are mega fucked. Today only around 1.5% of float GME remains. There is sufficient real research on this sub that shows that we are ACTUALLY diamond handing. + +THAT 1.5% WILL GET GOBBLED UP IN NO TIME WITH OUR RETARDED GME BUYING.[https://www.reddit.com/r/wallstreetbets/comments/lb9s3f/bloomberg\_terminal\_looks\_mostly\_green/](https://www.reddit.com/r/wallstreetbets/comments/lb9s3f/bloomberg_terminal_looks_mostly_green/) (SEE LOCKED IN SHARES TOP LEFT RETARDS) + +&#x200B; + +**On another note, some people's sell limit at 3.2k and 5k got filled today for 1 single GME share on this sub.** + +[https://www.reddit.com/r/wallstreetbets/comments/l7h8jv/gme\_getting\_filled\_at\_above\_1000/](https://www.reddit.com/r/wallstreetbets/comments/l7h8jv/gme_getting_filled_at_above_1000/) + +[https://www.reddit.com/r/wallstreetbets/comments/l6z9d0/gme\_filled\_at\_51k\_a\_share\_this\_morning\_for\_me/](https://www.reddit.com/r/wallstreetbets/comments/l6z9d0/gme_filled_at_51k_a_share_this_morning_for_me/) + +&#x200B; + +**Thesis:** + +Goldman Sachs and the big boys have deleveraged their stake in GME and said they are reducing risk while also calling what already happened as the squeeze and that other hedges deleveraged as well. I can't tell if this is FUD or if they truly believe this. This info is in their daily customer subscription mailers, only actual GS customers get these mailers afaik. I don't know what is the truth anymore. + +If Yellen wants to meet for volatility on a fizzling stock that is 98.4% ish locked in by buyers, this screams all kinds of alarms in my head. They are either going to try and stop the party or they are looking for money to pay us and not crash everything at the same time. + +Tomorrow is the final fight. Yellen and all the bigwigs are the bosses. + +Also i think it makes sense for the squeeze to happen this week before Friday due to the naked short puts the HFTs have been selling that are likely 2/05 of expiry. They DO NOT want this squeeze to happen next week when all those shorts are gone and the price is back way up. They also don't want the squeeze to happen on Friday due to the extreme volatility due to their naked 2/05 puts. + +If all that makes sense, this means that the squeeze is coming tomorrow or the day after and NOT next week or this Friday. + +&#x200B; + +If none of this happens, Cohen still has this smoking gun to trigger it.[https://www.reddit.com/r/wallstreetbets/comments/lbc6aa/cohen\_still\_has\_the\_opportunity\_to\_buy\_another\_7/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/wallstreetbets/comments/lbc6aa/cohen_still_has_the_opportunity_to_buy_another_7/?utm_medium=android_app&utm_source=share) + +&#x200B; + +**Final words.** + +* \-Set your sell limits. +* \-SET YOUR SELL LIMITS. +* \-YES YOU. +* \-FOR THE NEXT 2 DAYS STRAIGHT. +* \-There's SOME consensus on the sub that realistically it should be \~800. Add a few lottos at 5k and 10k too as some people were lucky to get filled on 3.2k and 5k today. Don't get too greedy or you might not fill. +[https://www.reddit.com/r/wallstreetbets/comments/lagd2m/millions\_in\_gme\_calls\_bought\_today\_at\_800\_hold/](https://www.reddit.com/r/wallstreetbets/comments/lagd2m/millions_in_gme_calls_bought_today_at_800_hold/) + +Good luck retards. +[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 + +&#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! + +**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) +As suggested by the topic, I am the only one in work while my gf (soon to be wife) is disabled. I often feel worried about security despite working in a relatively secure industry and on a very good wage. How does one cope with the fear of suddenly losing the job and leaving the entire family (big or small) with nothing to rely on? +Should we just rename this sub “/r/ipaidoffdebt”? For the love, every single top post is a paid off debt or increased great score. I mean, great for you all but holy cow can we upvote a few normal people’s posts too? +Obviously his notoriety came from his massive GameStop gains but, even without GameStop, his spreadsheet portfolio has returned over 300% since April 2021, and over 1500% since March 2020. Im assuming his current holdings are much different, but we work with what we got. + +These are just incomplete notes on his process, not an endorsement. Gathered from rewatching all of his livestreams. + +First and foremost, his process is incredibly simple, despite his knowledge and acumen being pretty damned advanced. + +His method: + +He doesn’t have an exact routine he follows 100% every stream, but there are certain things he tends to do almost religiously when dumpster diving. + + +Places he starts? + +He often checks the holdings on Whale Wisdom for: + +- Greenlight Capital +- Towle Deep Value Fund +- Scion Asset Management +- Abrams Capital Management +- Baupost +- Contrarius Investment Management +- Carl Icahn + +He seems to have the most overlap with the smaller market cap holdings of Greenlight and Scion. + +Id expect an investor like Einhorn to perform incredibly well during times like these. + +How does he weigh their holdings and decide which ones deserve his time? + + - % owned >5% is a big factor as it can often mean the investor has deeper involvement beyond just the purchase of the shares. + +- Marketcap below $5bn. + +- Cross reference all holdings on Openinsider.com. Looking for clusters of recent insider purchases (within the last 6 months). More recent= better obviously. + +These criteria alone often result in a stock being added to his watch list. + +Simple. + +What types of companies does he like? +Companies with overblown bankruptcy risk. + +“If none of the companies you invest in go bankrupt, you aren’t taking enough risk.” +- DFV + +Lmao what a quote. He’s bought stock, had the company go bankrupt, but it was still a 2-3 bagger because of liquidation value compared to what he paid. + +Some people like to cross all their Ts and dot all their i’s for every single stock they research. Not DFV. He views being able to quickly go through surface level analysis of 500 stocks to be far more valuable than deep analysis of only 30. + +He always maintained a cash position. It fluctuated, and the lowest I noticed it go was 5%. Not sure I ever saw it above 10%, can’t recall. + +Buy criteria and important metrics. + +1) SIGNIFICANT discount via the following multiples: + - Price to book (anything where P/B < 0.7 seems to pique his interest) +- Price to tangible book +- EV to EBITDA +- Price to sales(YES, price to sales is not useless) He seems to get excited when this number is below 0.1. Often digs deeper when companies have >$2bn revenue and <$400m mkt cap. + +2) Insider Buying. He checks openinsider.com every single day. +He admits that this may carry more weight than all other factors. + +3) Overlap with renowned investors (mentioned above) + +4) Positive Free Cash Flow. Massively important. Most of the trash he sifts through doesn’t have it, but when he comes across a company at a high discount with positive FCF he gives it a deep dive. GME was a prime example. + +5) Market cap size: His sweet spot is between $200m-$5bn but He will buy any size though, this is just his preferred range. Reason: Companies in this range are sized so that max 1-2 large firms can take a significant stake but if price begins to move, more firms can pile in. This range is also where the most mis-pricings occur. + +6) Balance sheet, bond prices, and credit risk. Many of the companies he buys have declining earnings, so credit analysis is crucial. + +7) Seeing a path to positive investor sentiment. Value alone isn’t enough. So you found a stock that is undervalued by a factor of 10. Who cares? It’s undervalued today, who’s to say it won’t remain undervalued for another 10 years. There needs to be something in the road ahead that will cause people to buy it. Sometimes it’s simply a stabilizing of cash flows and revenues. often it is a turnaround play, activist investors, macro tailwinds, etc… + +8) Stable gross margins. He consistently checks for this. He still dabbles in stocks with bad/declining gross margins, but his conviction level is heavily influenced by this metric. Another reason he was bullish on GME. + +9) Technical analysis. He uses this just for timing. Not a pro at TA. + +10) He reads stock analysis articles, but Jeremy Blum from SA was the only writer I Ever saw him take seriously. + +Goal: Find a company that investors seem to think will be bankrupt in a couple years, but will actually survive +5 years or even potentially thrive. He is almost exclusively looking at trash companies. It looked like 80% of his plays were either turnarounds or cyclicals. + +Expectations: 50-100% yoy returns. He’s said that his style has crushed the market over the past decade. Who knows if that’s true, but a quick look at his spreadsheets revealed that even without GME, 2020 and 2021 would have returned him insane numbers. Not bad. + +“The reason most fund managers can’t beat the market isn’t because they suck, it’s because they have too much capital. That’s our edge. There’s room for us to invest a significant % of our capital side by side with Burry in GME, or with Carl Icahn in Sand Ridge. Buffet can never allocate even 1% to a potential 50 bagger.” Their success is what’s holding them back, not their incompetence. + + +Metrics he doesn’t really care about : + +- DCF Models and precise valuations + “Nobody cares if you can value a company. It’s not even possible to do it accurately anyway. Just come up with a quick range, and demand an undeniably massive discount.” He never spends time doing a dcf. + +- p/e . “When you’re looking at companies that have a lot of hair on them, p/e means almost nothing. Revenues are often declining, bankruptcy is a real possibility, so who gives a shit about p/e.” + +- short interest. It is almost irrelevant and if it’s high, it’s usually a turn off. GME was an exception because of his deep knowledge of the company. + + +How does he use openinsider.com? + +After cross referencing holdings from renowned investors, he will look on open insider for cluster buys. If he finds something significant, like 5+ insiders buying stock, he will google those insiders to see if they have a track record in investing. He will toss the company into whale wisdom and see if any funds have a stake >5% in the company, then research those funds to look for performance history or activist investor history. If everything looks good, he will add it to the watch list and dig deeper later. + +Further to that, I found this post where his spreadsheets were recreated. These sheets are absolute found money. Cannot overstate how useful they are. + +https://www.reddit.com/r/roaringkitty/comments/ux6iae/dfvs_roaring_kitty_spreadsheets_v07_now_available/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Finally, what might his portfolio look like now? + +Had to delete, automod said most of the tickers were banned. :) +EDIT: I need to figure out how to get my license back. Girlfriend has insurance in her name on car that is my name, but I'm learning that a.) Probably won't satisfy the DMV as they check stuff electronically. B.) If an accident happens, payment will be delayed or refused so basically a straight up waste of money. Might make a new post tagged auto/insurance. + +EDIT: Contract to hire, so I have probably a few months grace period to get my stuff straight before a credit check. The team is crazy busy, but of course they want to interview multiple candidates and I'm the first, so I'll know within two weeks. Also have a few other positions in the pipeline but this was definitely the job I'm most excited for! I'm going to respond a lot less often now to the thread but feel free to message me. Will do a few update threads, once I get a job and once things are better managed. Thanks again to everyone, it was a great boost to self esteem (or something) right before my interview which was awesome and something I needed. + + +I lost my job a year ago and burned through my savings trying to maintain my life style while half heartedly looking for a replacement job. Now I have an interview tomorrow, but (not) really considering bankruptcy (not after this thread, thanks guys! could prove to be a useful tool in the future if i fuck up even harder!!). + + +My car got repo'd to the tune of: + +$12,900 + +Credit cards maxed and closed at $699 and $5,123: + +$5822 + +Evicted, final payment due: + +$6200 + +license reinstatement (120 old parking ticket, 500 no insurance, additional fee 30: + +$650 + +utilities from the apartment (that i've verified, there may be more, only thing that showed up as under collections from my credit report): + +$117 + +I went from couch surfing and hating myself to trying to get a grip and moved back in with my parents. Now I'm trying to get everything back on track, but it's really, really depressing. + +This probably isn't even the total, I'd love to find out if there are other debts in collections (sure there are, but only thing that showed up on equifax - the only credit report i was able to get). Anywhere else I can do this? + +I have a car that I'm putting in my girlfriend's name, paid off and reliable (for the last few years anyway). I have training and experience in IT, and several references (not asking for a job, just explaining my situation), and that's where I'm looking to apply, and where I'm interviewing tomorrow ($80k is on the table, but they probably won't hire me if they do a credit check). I've tried getting jobs at gas stations and supermarkets and such but nothing back so far, except for one aborted attempt when I was collecting unemployment but it turned out that my unemployment was worth about double what my wages would have been. + +I know I screwed things up, this is probably a good cautionary tail of 'don't do what that guy did', but I am having a hard time even finding out everything I owe and how to get it all fixed. + +Thanks everyone, hopefully you all can work some magic with me as I've seen so many other times! + +I'll edit in here anything I can that people ask for. Would love to see some (preferably free) place I could aggregate and contact my creditors and collections. Today has been a hard day for staying positive but I've done perhaps too well of a job otherwise. + +edits: + +i'm seeing 'don't declare bankruptcy' definitely planning against it <- what if i don't manage to score a decent IT job? also, cost of living up here is insane, and my time at my parents' house is limited, though i'm sure they'll understand housing difficulties. + +seeing some positive thoughts, thank you all so much for that! feeling a little better now with an update from the vet - cat's now fine, on some great drugs, sleeping over at the vets to be picked up tomorrow, and most importantly we scored a payment plan! + +ite my friends, i'm signing off to do some more cramming (have all morning tomorrow to do so as well but i'll definitely take a break and reply and upvote more comments!) thanks again, much love for you all! + + +WOW. + +There was a lot of uncertainty surrounding the Lottery Token (LOT) and their transition to a new version. I was super hype on the project before they ran into problems and was discouraged thinking I would have to buy in on a whole new token. BUT.... + +Low and behold, I checked today and my LOT V2 Tokens automatically transferred to the new system and I am way up, like 4x. I had written the whole thing off as a loss but I am back to shill once again. + +So, I'm just posting this to confirm that, yes LOT is a legitimate project. The devs were totally honest about what was happening and they really did work their asses off to get the token pumping again. I am extremely grateful for their efforts and stoked to be a part of this. + +Very positive on this community, more stoked than I have been on any token I've been posting about since I became a degenerate crypto ape a few weeks ago. + +For those unfamiliar with 🎟$LOT🎟 + +It fills a pot with 2% of transactions that periodically pays out to a random holder when it reaches a certain threshold based on market cap. + +2% of transactions are distributed to holders. + +So basically, by holding this token, you are potentially making money in 3 ways: + +&#x200B; + +1. Automatically farming with transaction fees + +2. Price is skyrocketing consistently + +3. Chance to win a big pile of tokens every so often. + + +It's a very cool project and I hope y'all participate in it!! + +Buy on Pancake: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) + +[Website](https://lotterytoken.net/) + +🗣 LOT Family Chat 🗣 + +[https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) + +[Chart](https://poocoin.app/tokens/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) \- Chart looks great, good time to buy right now. +The one thing I haven't been able to get my head around with the weird "chain" system in the UK: what is the sequence of events when you're ready top buy your next home. Do you put your existing home on the market first, wait for an offer, and then start looking for your next property? Or do you do the house hunting first, make an offer on your next property, and then put your existing property on the market? Either way feels like a gamble, either you have to hope you find a great property in a short amount of time, or you have to hope you find a buyer in a short amount of time. How come bridge loans are not a thing in the UK property market? +Like a lot of people, I recently opened a Chase savings account to take advantage of the 1.5% interest rate. + +Chase themselves have been fine, but be wary of transferring large amounts from Santander. As Chase doesn’t yet have confirmation of payee, Santander decided to block access to all of my accounts (online & app). It took over two hours on hold last night, followed by a further 30 minutes this morning to finally unblock my accounts. + +This could have had pretty bad consequences had I need to pay a bill etc. + +Perhaps blocking for security is acceptable, but 2.5 hours on hold is not. Personally I’m leaving Santander, and I hope this post saves someone the time and frustration that I’ve gone through. +As title says. Not sure what I should do here. + +I applied for a promotion which I thought was a sure shot. Position was empty, and I have all the skills for the job. I was denied the position and was told I dont have enough experience. A week later my supervisor started assigning me new projects that normally are taken by the role I applied for. The idea being this gives me experience for the role. + +2 months later, I am doing my job AND the role I applied for. I have not received any additional compensation. What can I do? + +For context im 24, this is my first real job. I'm in Quality Assurance for a Pharmaceutical 3P Logistics company. Underpaid as it is making $45k. Working for the company for 3 years. Have a bachelors degree. + +Edit: Reading all replies. Thank you all so much. I think I knew I needed to leave, but hearing it from all of you solidifies it. I'm actually kind of emotional about it given all the long and hard hours I've worked, just to be taken advantage of. I'm going to shoot for a raise, and window shop some new job opportunities regardless. +Anyone that's been following the UK general election coverage will be familiar with taxation promises each party's promoting. + +One figure that's being thrown around a lot is £80,000. The level from which [Labour pledges not to raise taxes until](https://www.theguardian.com/politics/2017/may/06/labour-tax-80000-general-election-promise). There was [a pretty funny clip on Question Time](https://twitter.com/ladyhaja/status/1197666606811426818) of some guy arguing £80k+ doesn't put you in the top 5% of earners. + +A tool to visually compare your salary against the average would be helpful, and interesting, as means of seeing where you stand next to your fellow country men and women. + +The best one I've found is by the [Institute for Fiscal Studies](https://www.ifs.org.uk/tools_and_resources/where_do_you_fit_in). + +Similar tools I've found: + +* [http://www.globalrichlist.com](http://www.globalrichlist.com/) +* [https://www.compareyourincome.org](https://www.compareyourincome.org/) + +There is room for improvement with these, both in terms of usability and features. + +I reckon there's scope for a more creative solution, that could teach people about income distribution among other things, and I'm interested in building one myself. + +I'm thinking a full viewport page with a income distribution visualisation built with d3. + +[Wealth/income distribution data is available via the Office National Statistics.](https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth) + +So, I'm curious as to whether r/UKPersonalFinance would find it useful, your thoughts on the tools available (have I missed any good ones?), and whether there are any features that'd make an income/wealth data visualisation like this particularly valuable? + +**Edit:** + +[This article from YouGov is very relevant to the discussions being had here.](https://yougov.co.uk/topics/politics/articles-reports/2017/06/02/how-much-money-do-you-need-earn-year-be-rich) +Buffett gave a pretty grim outlook for all of the airlines at his stakeholder meeting today, and stated that he sold everything. I think we retest the lows for all airlines and could see Boeing head well under 100/share next week as Buffett's forecast triggers a huge selloff. +Buffett gave a pretty grim outlook for all of the airlines at his stakeholder meeting today, and stated that he sold everything. I think we retest the lows for all airlines and could see Boeing head well under 100/share next week as Buffett's forecast triggers a huge selloff. +Elon musk gets charges filed against him for fraud. Stock down 12% as of now. + +Anyone buying the dip? I'm wondering if it would it be a good buy opportunity.. +I was almost ready to sell with the idea that things might keep dropping and I could buy in at a much lower price. I ended up deciding against it because I thought it would be way too stressful trying to figure when to reinvest my (net-loss) investment. + + +The sudden stablizing and rallying of markets around the world has confirmed the worst case scenario that I fortunately avoided. If I had sold yesterday, I would just be holding onto cash now trying to work out how to get it back in today on top of a higher market. + + +Is anyone in that position? What is your approach now? Do you have any regrets? Or maybe you feel like it was the best decision for you? + + +(I guess we are still in the middle of the chaos so who knows what will happen over the next week) +(LIKE THIS SO THIS BECOMES A TOP POST!) + +I think that if we the people win the AMC war, we should put aside 2% of our profit and try to give back to the less fortunate people(homeless, sick kids) go out and make someone’s day. DO NOT RECORD IT,do not do it because of this post. Do it because we are actual people who care about what hedge funds and WS has done to the general population. + +P.S HOLD THE LINE! +#AMCGANG #APESTOGETHERSTRONG! +I mean honestly, how many SEC filings have we made (and the generations before us) and the SEC did absolutely nothing? (I filed 2, I expected no karma in return) I emailed the SEC, they replied something along the lines of, "naked shorting is acceptable abusive naked shorting isn't" when asked "what would define abusive naked shorting? At what point would they regulate and force short positions to be closed?" They ghosted me even after doing a FWD twice. I get that a lot of people are mad about it, as am I. However, I would love to see things to start happening. Reddit is not a regulator of governmental bodies, there will be no justice here, only karma farming and shittier emotions as we wait for the market to crash awakening MOASS and that yummy negative beta for GME. My biggest fear is high strung emotions with no actions being taken, note that me writing to the SEC was no walk in the park, but when I see an easy open and close case DD where an author practically does the DOJs job for them it's so cringe to see it on the front page of a sub and not on a bulletin board with string attached to Ken Griffin's face. + +P.S: I'd upvote the shit outta regulatory filings. I know a lot of people are going to hate me for this, I apologize in advance. It's just worth mentioning since the [bystander effect](https://www.psychologytoday.com/us/basics/bystander-effect) is a very real event. + +Edit: **TL;DR of bystander effect**: The more people there are, the less likely it is for someone to do something because everyone assumes *"there is so many people here, someone is bound to do something"* and no one does anything since everyone thinks that exact same thing. +So, I get that I'm not a typical facebook customer - I am not on it all the time, I do have a profile and friends but I only visit it occasionally. But maybe someone who is on it more often can explain to me how facebook can sustain such an incredible valuation ($104 billion)? I mean, are ads on facebook really that valuable? If not that, then what? App store? I get that they have millions of users but how do you make money off those people without driving them away? + +Isn't there a delicate balance between providing a non-intrusive place for people to socialize and targeted advertising? What am I missing here? + +Just curious to see what others think... + +Hi all! I'm sorry for my late responses, I was going to work, haven't saw all the comments but they don't go unnoticed and when I get to my desk I will be sure to read them all, thank you for all your kind words. I genuinely appreciate you all. + + + +Poverty is so depressing man. + +Up until June financially I was stable. It had been nearly a year since I've seeked help. It had nothing to do with covid, but I was laid off. I had money to keep me afloat, not really an emergency fund but I would put 100 away every other week from my check. It lasted shorter than I expected, and the same day I was laid off I applied for unemployment. The process takes up to 6 weeks and I still had a bunch of job interviews so I honestly wasn't worried about anything. + +These last few months have been draining me mentally and emotionally. I had some important repairs that needed to be made to my car. The parts and the labor were out of my price range so I had to borrow money from family. Despite this, and the unsuccessful job interviews, I still remained positive. I swear God was on my side. I almost lost my place, my cousin gave me money to keep a roof over my head for the month. I swear I don't deserve my family. That was in July. Fast forward to now, I'm slowly getting back to normal but not working has put me behind in most of my bills. The basics. Rent, car insurance, phone bill etc. I had some Hulu and prime subscriptions but cancelled them because those monthly bills come so fast and you end up forgetting about them. + +Giving my cousin back her money was first priority. She said I could take my time and give it back when I got stable again, but I'm so far behind in my bills I gave her her money last week, I'm still behind so paying back in installments was not an option for me. I had too, she has a young daughter and the fact that she was even kind enough to help me like that brings tears to my eyes. Now that I've paid back my biggest chunk of money, things are okay, but that it. Just okay. I know that when I get paid next week I'm not gonna have enough for my bills. My rent is first priority cause I need a roof over my head, second is my car insurance then one bill but I know I won't have enough for all three. + +I have been falling into pieces these last few weeks. I had to ask my mom for money to get gas this week. My bank account will be in the negative until I get paid. I haven't eaten an actual meal in over a week. I had 5 dollars and went to dollar tree to get some canned goods and those have been lasting for a decent while. + +I think it's the lack of food but man I feel so sad. It has been years since I've been down this bad. Having to choose between which bills you can pay and eating sleep for dinner is one of the most humiliating experiences someone could go through. My family doesn't have it like that. And I KNOW I'm gonna power through this. I asked my dad if he could send me a few dollars to get some cold cuts from the grocery store but he doesn't have it . + +It's nothing out of the ordinary, we grew up poor, this is just a huge setback and I am fighting to keep my sanity. I'm trying to distract myself from breaking down. Usually when I get stuck in a financial rut I'll usually do Uber eats but my insurance policy has been suspended until I can pay it. Honestly I don't even wanna drive to work but that's a chance I have to take. + +I know I keep saying it, I know everyone goes through hard times, but it's been so long since things were this bad. I don't even have food, I am a grown ass woman. It feels so embarrassing and I'm not looking for sympathy or handouts. I'm not gonna give up and I'm going to keep on being strong. I just can't believe things have gotten to such a low point right now. + +I work in a building that has food that's discarded after 10PM so when I got to work I grab a container and put it in a Tupperware bowl and take it home. I don't have any friends out here. It feels lonley. Thanks for listening. I'm not good at being strong on my own. +Seriously, a hard-fork without replay protection should just be unanimously reprimanded and boycotted by each and every institution, business, community, and individual. The sheer cavalier shown by Segwit2x fork and the disinterest towards it shown by part of the community and exchanges just boggles my mind. + +Just fucking refuse to support a coin that has no replay-protection, and the exchange themself have to implement one because the forkers were not bothered enough to do it. + +I'm not against forks, that's the beauty of bitcoin. However, forks that can make users potentially lose their coins is just incredibly irresponsible and evil. We, the bitcoin community, should resist and unite against these sort of ridiculously incompetent and immoral propositions. + +Just needed to rant! That's all. +# I. Introduction + +Sorry for the wall of text - but if you are serious about trading **please read through this -** I think you all could really benefit from a bit of intermarket analysis - and I see way too many victims of ignorance here who could prevent their losses by understanding these relatively simply concepts. + +This sub is primarily focused on IWM names (Russell 2000/Small Caps). If you look at that stock - **it's been sideways for almost a year**. No secret you all have been losing tons of money as of late on your favorite names (Except MVST - nice one there). + +In my eyes - for the best probability of success - you always want to be playing the names that are within the strongest index at the time (or simply playing the strongest index itself). I determine which is the strongest via charting plus some simple intermarket relationships. + +Last year during the recovery we got a huge **everything rally** \- that is not usually the case. Money constantly rotates from sector to sector - this is how it usually is - and how it's been for most of 2021. For instance - notice today (8/102021) tech is dropping while financials, materials and other inflation camp names are pumping. This is one of many useful correlations. + +# II. The Indices + +The indices are large groups of stocks lumped in together that usually move in unison. Most of you probably already know this. I'm just going to list out what each index is and what it focuses on. + +**S&P 500 (SPY, SPX, ES)** + +*from Wikipedia* + +"The Standard and Poor's 500, or simply the S&P 500, is a stock market index that tracks 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices." + +Basically a compilation of most large caps in the United States. Great gage of overall market health - and sort of a cross between the other two large cap indexes (Nasdaq 100, Dow Jones). + +**Nasdaq 100 (QQQ, NDX, NQ)** + +*from Wikipedia* + +"The Nasdaq-100 is a stock market index made up of 102 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock market. It is a modified capitalization-weighted index. " + +These are going to be mostly your large cap growth names (tech stocks) - but there are a few boomer names in there. Just more heavy on the growth side than the other indexes. + +**Dow Jones Industrial Average (DIA, DJIA, YM)** + +*from Wikipedia* + +"The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a price-weighted measurement stock market index of 30 prominent companies listed on stock exchanges in the United States." + +These are going to be your "boomer" names - I like to call it the boomer index. Value, materials, healthcare etc. Not really any growth names in there (except AAPL, CRM I guess). One thing I like to note is that **all the names in Dow Jones are present in the S&P 500 - the Dow is the most closely correlated index to the S&P** (about a 0.92 correlation iirc). + +**Russell 2000 Index (IWM, RUT, RTY)** + +*from Wikipedia* + +"The Russell 2000 Index is a small-cap stock market index of the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group." + +These are all your small cap names. There is also a Russell 1000 and Russell 3000. Notice how many more companies are in here than the other indexes. This one isn't going to be moved by one or two stocks. Small caps usually benefit from risk on environments (they are perceived to be riskier) - but note the more speculative growth ones will lag in those situations. + +These are also **meme stocks - pretty much every single one is in a Russell Index.** If you are someone who likes to play memes - you always want to watch IWM. When this one is popping off is when they will be making a run. + +# III. Risk On vs Risk Off (Inflation vs Deflation Camp) + +Moving onto more practical applications of this information. I could do a section on Forex, Bonds, etc. - but honestly you only need to know what they are to apply the analysis that I do. + +The primary narrative driving the market in recent times is whether we are getting inflation or deflation - and this has dictated the flow of money. + +**Risk On (Inflation Camp)** + +Risk-On is described as a rotation from save haven assets into riskier assets. If market participants believe in high inflationary pressures, they will want to invest their cash into **"risk" assets** including, stocks, real estate etc. to combat the residual effects of inflation on their money. Additionally, they believe we are now in a rising rate environment (rates already at zero, likely to increase in the future), which would help benefit **value stocks, financials/banks, energy, specific forex/currencies**, anything that benefits from low rates (currently). + +More specifically, **banks benefit from a gradual steady increase in interest rates.** Banks make an interest rate spread on deposits received versus money lent. In a rising rate environment, they are able to pay lower interest on their deposits and make a larger spread on their loans. + +Commodities, materials (energy), and consumer/defensive stocks **benefit from inflation** as they are able to pass on rising costs to consumers. Additionally, value/defensive stocks typically have a strong track-record of recurring dividends and share buybacks to provide yield to shareholders. Conversely, in later stages of rising rates, investors may divest from growth or tech stocks because rising rates have a direct effect on liquidity and cost of capital. **When rates are high, debt is heavier and money is more expensive.** + +AUD/JPY is an easy forex pair to watch for risk on movements based on the Australian economy in relation to Japan. A**UD is seen as a "risk" currency**, whereas **JPY is seen as a "safe haven"**. When AUDJPY is increasing, typically this is a sign of "risk-on". This is only one of many pairs to watch for in Forex Markets, considering Forex Markets are much larger than the stock market. + +Remember, in the early stages of inflation, small caps or tech stocks will perform well because the negative impact of inflation on sitting in cash; however, if the federal reserve is required to combat hyper/stagflation worries, they will raise rates and growth or tech stocks may perform poorly in that environment. Furthermore, **Dow Jones Industrial Average (boomer)** names will usually outperform, and investors today may be pricing-in this effect. + +Equities as a whole will generally do well in a risk-on environment. Stocks are considered a hedge for inflation, but watch-out for JPOW and his antics later on. + +**Risk Off (Deflation Camp)** + +This is the opposite of risk-on. Money rotates out of risk assets into safe havens. People in the deflation corner believe inflation is transitory, asset prices will decline, and virtually **assume the Federal Reserve won't have to raise rates**. In low inflation or deflationary environment, money flows **to safe haven assets out of risk assets**. Participants would hoard cash (increasing in value) and wait for asset prices to decline. They would invest in **bonds, safe haven currencies, speculate on an increase in volatility, and save cash to reinvest later.** + +In recent times - growth performs well here because when interest rates are low - money is cheaper to borrow. **Growth depends on debt to continue it's operations. Most of them also don't make money and so they have** **no yield.** An increase in interest rates will raise the cost of capital making it harder for companies to generate higher returns. With rising rates, a company has to pay a higher interest expense that lowers their overall profitability. Lower profits lead to lower cash flows, which lead to a higher required rate of return for investors, all of which lead to a lower valuation for the company's share price. Note this is primarily due to recent macroeconomic events - and in the past all equities have been considered risk on. + +Bonds outperform because investors believe rates to remain low or fall further. They'd be able to receive a **"higher" interest rate today versus in the future.** Bonds are typically safer than equity because they are first in-line in the event of a liquidation (bankruptcy) and earn a fixed rate of return. Additionally, the **USD, JPY, CHF** perform well because they are a 'safe-haven' currency. The US Dollar is still considered the world's reserve currency. (Trust in the US Economy/Risk Free) In addition, deflation has a natural increase in the dollar's value. + +The VIX performs well because it's **essentially a measure of how hedged SPX players are**. If you are expecting deflation in assets - you are expecting prices to drop for the most part - and so you want to be hedged on your long positions (or make straight bear bets). + +**In Summary** + +Today, the Federal Reserve has created a low interest rate environment to stimulate the economy; through allowing participants to borrow funds "cheaper" or lower rates. This stimulates demand, supply, borrowing, lending... overall growth. Asset prices are attempting to "price-in" the future state of the economy. + +If you believe that inflation is here to stay, then you'd want to shift into risk-assets. If you believe that inflation is 'transitory', then you'd want to move towards safe haven assets. Ultimately, you could assume that the Federal Reserve controls the narrative and that any major movements in the flow of money, cost of debt (change in rates), could have a positive or negative impact on asset prices. In either scenario (in the future), inflation can lead to higher interest rates causing a drop in asset prices or deflation worries can keep interest rates low and fuel the rally for longer than one would expect. I hope that makes sense. + +<Risk-On> + +* Financials +* Commodities +* Value +* Materials +* Real Estate +* **Basically Most Equities** +* AUD/JPY (AND OTHER RISK-ON CURRENCY PAIRS) + +<Risk-Off> + +* Bonds +* Dollar +* VIX +* Growth/Disruptor Equities (SOMETIMES - THIS IS A NEW CORRELATION STEMMING FROM COVID MAKING TECH NAMES SAFE HAVENS AMONG OTHER UNPRECEDENTED FACTORS)** + +# IV. Practical Applications + +First let me go over the tickers I watch for each rotation - + +<Risk On> + +* YM (DIA) +* RTY (IWM) +* CL (Crude Oil Futures) +* ZC (Corn Futures) +* AUD/JPY + +<Risk Off> + +* DXY (Dollar Index) +* ZB (30 Year Treasury Bonds) +* TNX (10 Year Treasury Index) +* VIX (The "Fear Index") +* NQ (QQQ) + +Glancing at a watchlist of these will give you a quick picture of where money is flowing at the moment - but in order to predict the odds of future movements (and more profitable ones) - I perform technical analysis on all of these names. + +Basically - I analyze all the indices and only play the one that is the strongest from a technical standpoint. I further filter these signals and determine position sizing by analyzing their correlated assets. + +For instance - if **DIA** is breaking out - and **ZB** is breaking down - this is confluence for a risk on rotation. The more confluence - the higher probability you have of success in any play. + +On the contrary, if **DIA** is breaking out - and **ZB** is rallying - this is a sign one of the moves is likely fake - and a signal I have lower odds of success. Subsequently, I want to size smaller. + +***Let's take a look at one example in which QQQ (Growth, Risk Off) caught the rotation this past May. This is a perfect example of Bonds and Growth moving in unison to provide a high probability long trade in QQQ and TLT. Note: I just use trendlines and volume for my technical analysis. No indicators.*** + +QQQ - https://ibb.co/wwhXm2k + +The red circle is Nasdaq on **5/13.** You can see that is the day it bottomed - and every day since then pretty much Nasdaq and Growth assets have been leading. Not only that - but on **6/22** it broke a huge technical setup (the big red line) - which triggered a ton more upside. + +TLT - https://ibb.co/kyzWcsP + +The red circle here is also **5/13.** You can see that is also the day that TLT (ZB or Bonds) bottomed - and every day since then except for the past three days - it's held the same uptrend. Not only that - but on **6/22** it also broke that big red line - which was a downtrend stemming from last year - triggering more upside here as well. We also broke out of that teal symmetrical triangle, which provided more confluence for the move. + +I try to assign a signal strength to each move in order to make it easier for my monkey brain to understand. + +* **Indexes:** 3 +* **Bonds:** 2 +* **Everything Else:** 1 + +You will see a lot of people say bonds are everything - and in my experience that is very true. Last year we had an extremely odd situation where risk parity was fucked - but in recent times it has come back. Correlations almost always revert to the mean at **some point**. Subsequently - you could watch just bonds and the indices and efficiently track the flow of money. + +# V. Divergences + +Correlations are not perfect. If they were - everyone would be a billionaire. There are times when we get divergences and things move opposite of the way they usually do. Like I said - they **almost** **always revert to the mean** at some point - but the catch is the divergence could blow your account before it reverts back. If you are good with technicals you can easily spot when a setup you are trying to play breaks down and stop loss accordingly - but the key point here is **always have a stop loss when playing correlations.** Lots of people think they can average down infinitely and eventually profit off the arbitrage that comes with assets reverting to the mean - but **the market can stay irrational longer than you can stay solvent.** + +# IV. TL;DR + +The main thing to takeaway here is the indices. If QQQ is weak - maybe you want to take a look at DIA. If IWM is sideways - maybe you want to take a look at QQQ. Keep your head on a swivel and don't be too biased towards one sector. **If you can effectively track the flow of money - you can theoretically catch every rotation.** + +Also - you don't have to apply the technicals I do to track it. That's just my method. Lot's of people use complex macroeconomic analysis to assess these sorts of things, among other methods. I'm just too smooth brained for that. + +I hope this helped you all - and if anyone has questions drop it in the comments. + +\--- + +Edit: One final note since I know the more advanced people will likely comment on this. I know QQQ/Growth has not always been risk off - this is a new thing. I was trying to explain things from the perspective of recent times as correlations shift with macroeconomic changes. + +We haven't had a true deflationary environment in over a decade - and subsequently the market rotations have been more about pricing in rate hikes/rate cuts than rotating in and out of equities as a whole. + +Last Edit: Added some clarification - fixed some formatting stuff. +Hi guys, Venezuelan living here. + +LocalBitcoin drop has been steady since a few months ago, main reason is the start of Binance allowing P2P trade between cryptos and Bolivares, not only Bitcoin but BNB, BUSD, USDT, BTC and ETH. + +Even that, we are leader in the LocalBitcoin usage even when compared to much bigger economies: + +&#x200B; + +* Venezuela: 54 +* Colombia: 44 +* Europe: 28 +* USA: 28 +* Peru: 13 +* Chile: 8 +* Argentina: 6 +* Brazil: 6 + +&#x200B; + +That is a way of sending remittances to Venezuela and also saving money if you earn Bs. (of course not if you have monthly minimum wage income). + +Yesterday, goverment announced a increase the in monthly minimum wage from 1,800,000 Bs. (around 0.6 USD) to 7,000,000 Bs. (around 2.4 USD). Also there is a monthly "food bonus" in cash of 3,000,000 Bs. So total minimum monthly income is set at 10,000,000 Bs, around 3.5 USD. + +[https://www.reuters.com/world/americas/venezuela-raises-minimum-wage-fourth-year-hyperinflation-2021-05-01/](https://www.reuters.com/world/americas/venezuela-raises-minimum-wage-fourth-year-hyperinflation-2021-05-01/) + +You cannot live with that, one NGO called CENDA states you need at least 300 USD monthly for a 5 members family to survive without any luxury. + +Another NGO did a better research about the wages in Venezuela and found out the average wage of the private sector is around 70 USD monthly and the public sector is around 5 USD. + +Sorry about the recent flood of Venezuelan post, I know it might be funny thinking that 1000 moons (as example) can make a difference here, but sadly is true. + +Sources (PLEASE check them!!!): + +Drew Brinsky video (US traveler that came here a few months ago) + +[https://www.youtube.com/watch?v=JJ7A8J9O-3Y](https://www.youtube.com/watch?v=JJ7A8J9O-3Y) + +[https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/](https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/) + +[https://www.usefultulips.org/combined\_VES\_Page.html](https://www.usefultulips.org/combined_VES_Page.html) + +[https://www.caracaschronicles.com/](https://www.caracaschronicles.com/) + +[https://coin.dance/volume/localbitcoins/VES/BTC](https://coin.dance/volume/localbitcoins/VES/BTC) + +[https://localbitcoins.com/buy-bitcoins-online/ves/](https://localbitcoins.com/buy-bitcoins-online/ves/) + +[https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H](https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H) + +[https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/](https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/) + +[https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/](https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/) + +Any other question AMA! +I'm leaving for the Army in about 4 weeks and need advice on life planning. I watched my mother struggle with debt my entire life and don't want to end up in that place. I've been reading around and understand to stay away from new cars and marriage. At the moment my plan is to sign up with USAA and use their military member credit card to build credit while also investing in a TSP. I don't really know what to do besides that. If it helps I'm also looking to do the full 20 years and retire. Sorry if I come off as a dumb kid but I really need some direction. + + +Edit: Thank you to everyone who helped me. I've gotten everything set up with USAA (who were amazing, they waved my initial checking/savings account fee) in preparation while also setting up other things. I feel much better going into this now and know what to do and what not to do. +As of : 08-22 + +DRS : 77.49162M + +Insiders/Stagnant : 53.9876M + +Mutual Funds : 33.2624M + +ETFs: 26.48062M + +Institutional : 36.82466M (previously 55.28388M) + +Available Float : 76.46923M + +So more than 50% of free float is in OUR hands, DESPITE institutionals selling 18.46M shares from 06-22 to 08-22. Also despite institutional selling, free float decreased. So proud of us 😁 + +Those numbers are MASSIVE + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + +Edit: 🚀🚀Kenny, you’re fucked🚀🚀🚀🚀🚀🚀 +http://online.wsj.com/article/SB10001424127887324904004578539443761846024.html + +At the age of 22, Tracy Britt was accepted into Harvard Business School. As soon as she graduated at 24, she became Buffett's assistant. Now at the age of 28, she's chair of four multibillion dollar corporations. + +And what exactly are her responsibilities? +