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+
+[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c)
+
+**Please keep ALL conversations contained to Gamestop and directly related topics.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Brand new to the sub? Start here!
+
+***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.*
+
+https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd
+
+The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you:
+
+# [GME.fyi](https://fliphtml5.com/bookcase/kosyg)
+
+[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules.
+
+**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules)
+
+**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Flair Links
+
+[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all)
+
+You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile.
+
+**Mod Flairs**
+
+[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22)
+
+**No CS/DRS Mode**
+
+[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=)
+
+To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+ Hi everyone.
+
+I  have posted these questions on one other forum. 
+
+I am in NSW Australia. Going to jail for 12  months in approx 3-4 weeks time. I  never thought I'd end up in this situation – but here I am. I have a few questions as I need to organise finances quick. I rent privately long term, am single, so no partner, have a 15 yo child, family pet, I have 2 personal loans, I am absolutely broke and can not afford a lawyer – legal aid is my only option.
+
+I have a family friend who is willing to move into my  place for 12 months and pay my rent, garage my car. This means I will not lose my home  (been here 8 years) and my child can continue to attend school uninterrupted, keep her pet, friends, usual activities etc.
+
+How to handle loan issues. 1 is a car loan. 1 is a personal loan. I took these out 4 weeks ago NOT knowing my circumstances would change.
+
+I believe my job is safe for 12 months. I will say I am going overseas with my child for 12 months as they know I've been under a lot of pressure and have suggested I take annual leave. Do you think this is  doable?
+
+Can fines be served in jail concurrently with my conviction?
+
+Advice?
+I think a lot of new, young investors that got caught up in this whole short squeeze, f\*\*\* the hedge funds debacle are going to leave with a skewed view of how investing works. Even before all of this went down I was, and still am, really interested in the fundamentals of valuing a company or industry and making an informed investment decision based on my own research. I still don't know the full extent of the ramifications this will have on the markets and investing going forward but regardless, this served as a prime example (for me at least) that it isn't always worth jumping on the bandwagon even if there seemingly is no downside potential.
+
+However, the greater lesson for me is learning to exercise restraint and caution. With social media having so much power and influence over people it has really stressed the importance of understanding each investment you make and being intentional with your decisions. I was fortunate enough to come out of all this with only a small loss and I feel additionally fortunate that I didn't have enough capital to turn this valuable learning experience into irreversible financial damage. I understand investing isn't for everyone and some people just came in to make a quick buck (which is also okay), but I still encourage you to learn the ropes and look past the bullshit as it can be a valuable skill to have in the future. 
+
+Thank you to everyone on this subreddit, among others, that took the time to educate us new investors by breaking things down into understandable and digestible concepts. I think it saved many of our asses, including mine in the process!
+Hello
+
+This is the first year after I got my full time job, I earn reasonable money (\~3.5k/month) and have my 6 months emergency fund (12k) and no big immediate purchase to save up for (housing/car). I don't really buy stuff during the year if its not a need and keep to a strict monthly budget, however black friday means sales and I feel like it would be a great time to just buy myself wants. It would not majorly impact my finances at all but still feels unreasonable and impulsive (specially because people say a recession is coming).
+
+I was wondering if you feel like I should reconsider?
+Does anyone have experience with renting out a tiny home as an AirBnB?  
+
+Thinking about buying a Tuff Shed, etc and building it out then renting it as a tiny home. 
+
+Thoughts?
+If I buy a property at these high mortgage rates we're currently experiencing, I can always refinance my loan when the rates eventually come down, right? I mean, sure, the rates are high right now, but that's realistically not the rate that I will be paying for the next 15 to 30 years. Eventually, inflation will abate and the federal funds rate will start coming back down, at which point mortgage rates will drop. And when that happens I can refinance.
+
+Is my understanding correct? Or is it not that simple?
+Guten Morgen to this global band of Apes! 👋🦍
+
+As we enter another week in the GME Saga, I am hopeful that this week brings resolution to some open questions from recent weeks.
+
+First and foremost is the fact that the DTCC mishandled the splividend.
+GameStop clearly stated that it would be a split by dividend, but the DTCC instructed brokerages that it was a standard forward split.
+ComputerShare delivered the shares for the split by dividend, but there is no indication that they were properly distributed.
+The intensity of the FUD campaigns over recent weeks makes me wonder if it's all a distraction from this egregious crime.
+
+Second, the whole situation with BBBY.
+Ryan sold his positions without any discernible hindrance to the run-up.
+The shills were still out in force, encouraging FOMO, especially if it got Apes out of GME to do it.
+Two days later, the price dropped precipitously on the revelation that Ryan had exited.
+This seemed like an engineered drop, given how aggressively the media was driving the narrative that Ryan had screwed retail investors.
+He did not.
+He screwed SHFs.
+
+Last week, Citadel borrowed $600m with very bad terms.
+This seems like a desperate move by desperate people.
+Where early in the GME Saga, they were propping up failing institutions like Melvin with billion dollar loans, they are now desperate for fractions of that amount.
+They are in an existential crisis.
+We have seen that they will take *any* necesary step to survive another week; another day.
+They just secured some more cash to ease that burden.
+They are careening toward disaster, hoping to shake us off before they are destroyed.
+
+Our Diamantenhände will HODL.
+
+Today is Monday, August 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟥 120 minutes in: **$36.12 / 35,92 €**  *(volume: 11979)*
+- 🟥 115 minutes in: $36.14 / 35,94 €  *(volume: 11926)*
+- ⬜ 110 minutes in: $36.18 / 35,98 €  *(volume: 10914)*
+- 🟩 105 minutes in: $36.18 / 35,98 €  *(volume: 10863)*
+- 🟥 100 minutes in: $36.08 / 35,89 €  *(volume: 10830)*
+- 🟩 95 minutes in: $36.17 / 35,97 €  *(volume: 10794)*
+- ⬜ 90 minutes in: $36.05 / 35,85 €  *(volume: 10620)*
+- 🟥 85 minutes in: $36.05 / 35,85 €  *(volume: 10540)*
+- 🟩 80 minutes in: $36.18 / 35,98 €  *(volume: 10508)*
+- ⬜ 75 minutes in: $36.17 / 35,97 €  *(volume: 10108)*
+- 🟥 70 minutes in: $36.17 / 35,97 €  *(volume: 10108)*
+- 🟥 65 minutes in: $36.23 / 36,03 €  *(volume: 9988)*
+- 🟥 60 minutes in: $36.28 / 36,09 €  *(volume: 9117)*
+- 🟩 55 minutes in: $36.30 / 36,11 €  *(volume: 8775)*
+- 🟩 50 minutes in: $36.29 / 36,10 €  *(volume: 8775)*
+- 🟥 45 minutes in: $36.29 / 36,09 €  *(volume: 8767)*
+- 🟩 40 minutes in: $36.40 / 36,20 €  *(volume: 7055)*
+- ⬜ 35 minutes in: $36.30 / 36,11 €  *(volume: 6457)*
+- 🟩 30 minutes in: $36.30 / 36,11 €  *(volume: 6349)*
+- 🟩 25 minutes in: $36.30 / 36,11 €  *(volume: 6332)*
+- 🟩 20 minutes in: $36.04 / 35,84 €  *(volume: 4515)*
+- 🟥 15 minutes in: $35.83 / 35,64 €  *(volume: 3179)*
+- ⬜ 10 minutes in: $36.32 / 36,12 €  *(volume: 1296)*
+- ⬜ 5 minutes in: $36.32 / 36,12 €  *(volume: 1081)*
+- 🟥 0 minutes in: $36.32 / 36,12 €  *(volume: 528)*
+- 🟥 US close price: $36.49 / 36,29 €   *($36.50 / 36,30 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0054. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+The monthly chart on AAPL is hideous.  It’s been pretty much a nonstop decline. They’re just coming off an amazing quarter. Leadership hasn’t changed. New services, new hardware coming (AirTags, AR, car??) and the selling stays unrelenting. For a growth stock they pay a nice dividend too. 
+
+I’ll admit today I bought a bunch of June 18 $125 calls. Already down like 3k on them, which sucks. I just don’t see how we can’t get a small bounce back to $120s in the near future. What do you guys think?
+Up to 2020, if you wanted a safe, low-volatility security that provides steady - albeit modest - returns, there was one obvious answer: US government bonds.
+
+Low volatility, virtually no long-term risk, modest returns that were still likely to beat inflation most years, and the added bonus of inverse correlation to the market providing excellent liquidity options when the rest of your portfolio (stocks, naturally!) is down.
+
+The perfect choice.
+
+Unfortunately, this party recently ended, with government interest rates dropping to zero.
+
+So what's the alternative?
+
+I have one and a half answers to this question:
+
+1. **TIPS:** I don't know too much about them, and would love to get more opinions, but on principle, if your only goal is to preserve the real value of your funds, then TIPS seem like they should do the job.
+2. **Get a mortgage and buy a house:** this is just a half-answer, since a house isn't a security, and clearly YMMV. However, in this low-interest environment, buying a house on a mortgage seems like an obvious choice.
+
+Thoughts?
+Hello! I'm a 15 year old male that has been suffering with video game addiction ever since I was born. From day 1 my mom put me in front of an iPad to avoid having to deal with me and it's resulted in the most damaging habit I've ever had. It has cost me my eyesight, only allowing me to see my teacher's white board from up to 2 feet away, it's cost me my mental health as I'm severely anxious and socially inept due to the years of getting out of social gatherings to play video games, and most of all it's caused me an inability to separate myself from the game unless I'm doing something I'm passionate about. 
+
+I've already taken up hobbies in playing the accordion and biking around town, but that's only two hobbies which take up around 4-6 hours total out of a day still leaving 8-10 hours of video games left on weekends. Skateboarding is something I feel interested in after taking an interest in skate videos a couple days ago and feel this could be another hobby to get me away from the games. 
+
+However, I only have 130 dollars in my savings account and most entry-level skateboards that are of a decent quality cost around 50 bucks. Should I buy the skateboard and make one more step towards tarnishing this addiction or put the money in my savings towards a car or something bigger? Thank you in advance for your help!
+Inflation is running hot at 7-8% yoy meaning that money market accounts, CDs, and savings accounts yielding 0.5-1.5% are losing purchasing power pretty badly.
+
+But if you're saving for a down payment for a house purchase in the near term, is there any better option?  
+
+Stocks - too unpredictable near term - could gain or lose a significant %.  
+
+Long dated bonds - too much interest rate risk with rising rates
+
+Short dated bonds - pretty close to cash but total returns have been even lower than money market funds 
+
+I bonds - probably the best/safest option but you can only buy $10k worth per year.  for those of us in HCOL areas that doesn't move the needle at all.  Also have to hold for 1 yr.  
+
+It seems to me cash is still the best option for near term deployment.  Stocks are fine for a 5+ year horizon but even then it's not certain.  Only over 10+ years can you really expect positive returns with a high probability especially given where valuations are.  
+
+Is there anything I'm missing?
+Yesterday, I had a discussion with my brother who is a libertarian. And he would argue that the government is the principal cause of monopolies with their regulations. 
+
+I can understand that regulation tends to create oligopolies. For example in sectors that are extremely regulated (in Europe) like energy, for a new company to compete with a large existing one is almost imposible. 
+
+But we can see in sectors that are less regulated like tech companies, monopolies arises everywhere like Microsoft, google, etc. 
+
+Can someone explain if there is a relation between regulation and the tendency for monopolies? Or the other way around.
+I see people here and in /r/badeconomics refer to papers that are "being debated" or "making the rounds." As someone without an economics PhD and a bunch of PhD friends, how do I get notified of these papers? Can someone compile a list of blogs/twitters that would help an outsider keep in the loop?
+So, for context, I would consider myself a political and philosophical hobbyist, with little to no real economic knowledge. I have been attempting to change this by opening up to reading some more economic-centered books. I picked up "The Deficit Myth" by Stephanie Kelton on a whim and began to read what seemed to be a "too good to be true" economic argument. As I do not have the economic background to fundamentally check the claims of the book I have come here to ask for some criticism of what claims it seems to me the book is making. I tried to search online for these criticisms but most of the criticisms looked like strawmen arguments against the claims and a general "Leftists are dumb" take.
+
+The claims.
+
+1. As the producer of the fiat currency and the possessor of a large amount of economic freedom, the United States has a fundamental difference when it comes to budgeting from a home or business. We don't care about a deficit, because we can always print money to fill funding obligations, what we really care about is inflation.
+2. The government isn't interested in getting money back for taxes, as we don't need the money. What the government plans to do with taxation is to distribute a currency then place a tax that incentivizes production within the economy to earn that currency to escape legal action (going to jail etc.).
+3. The Fed uses interest rates to affect unemployment and business investment to control inflation. This is not only arguably ineffective but also is inherently wrong as it leaves people without employment.
+4. Instead, we should use Fiscal Policy to influence inflation via cutting taxes when inflation is low and raising them when it is high. This would allow the economy to operate at our "full employment".
+5. In order to provide a safety barrier for when Fiscal Policy cannot get passed in time, we should provide a federal jobs guarantee. This also helps provide a metric as to how well the economy is utilizing its resources by virtue of how many people take part in this program.
+
+Yea these are what I pulled out, like I said I'm pretty economically illiterate. If anyone takes time to respond to this thank you, and if this is not appropriate for this subreddit then I apologize.
+Not sure if the phrasing of the title conveys my question properly, but I'm just curious if anybody else thinks we're going to see a huge crash surrounding student debt. The government backs outrageous loans (predatorily in my opinion) that people have no chance of ever paying back. There are tons of examples of people getting $100k in student loan debt in a major such as English and then getting a job where they are basically never going to be able to pay it off such as teaching.
+I've read that the money multiplier formula is 1/r. When the RR was 10%, $1 in deposits = $10 created in the banking system. If the reserve requirement is 0, then won't this allow for unlimited money creation?
+The pandemic has shown that the most valuable members of society, delivery guys, medical services, cleaners, etc., are the lowest paid. So the notion that someone’s labor isn’t worth a [minimum Living](https://livingwage.mit.edu/metros/35620) wage is ludicrous to me, as their labor is **essential** for the functioning of society as a whole. **Is income tied to the value of Labor?** If not, how can we determine who gets what income?
+A charity I volunteer at gets weekly food donations from the supermarket. Stuff that's about to go out of date etc. The donations are a wonderful side-service we can offer; giving food to donees (opposite of donors) who don't have much money to spend on groceries, or anything else for that matter.
+
+Previously we tried to estimate how many of our donees were seeking food donations. Then we divided the weekly goods equally (as best we could)  against that estimate, bagged up the divided goods and gave them away to donees as requested.
+
+However, the donees started looking inside the bags, and if someone else got something in their bag that they didn't, a chocolate cake for example, they got upset and wanted to swap out onions for someone else's chocolate cake etc. Some donees declined getting bags of donations if they felt cheated out of a chocolate cake, and in some weeks we had to bin stuff that was refused by donees, after the goods pass their use-by date, started to rot in the case of fresh produce, and so on.
+
+Lately we have tried piling everything up on a table, and, at a scheduled time and date, allow the donees to 'take what you want'. That way - if they wanted chocolate cake, take some chocolate cake. If you want onions, take some onions. However some donees got greedy and brought big boxes to take away as much as they could, making other donees upset.
+
+I am at a loss how to give out the food donations.
+
+Economists - what is the best way to distribute the food donations?  Noting that the charity is philisophically opposed to putting a price on donated goods, we only give donations out for free...
+
+​
+
+​
+
+​
+So I saw this link today on reddit: https://www.reddit.com/r/Documentaries/comments/8xfnf2/the_light_bulb_conspiracy_2010_extended_version/. I used to believe that companies did do things like this, until I took an economics class this past semester where the professor made a pretty strong case that it didn't make sense, and he even specifically called out the "light bulb conspiracy" (to be fair i have very little experience with economics and am not an econ major so pretty much any argument would have been convincing to me). 
+
+His argument was that for a firm in a competitive market, a firm would make an improvement to a product if ∆C < ∆V, where C is their cost to produce it and V is the value consumers will pay. If the firm was a monopoly, the price it charges would increase, but ∆C < ∆V still holds. his basic conclusion to us was that quality doesn't decrease in a monopoly, i.e. companies won't make products of lower quality to get "repeated profits".
+
+Admittedly I haven't watched the documentary, but I was wondering if the general idea of a light bulb conpsiracy had any merit or if maybe my professor was wrong (which would be crazy to me). From what I read online when briefly researching, planned obsolescence does exist, but more in the sense that while it might be feasible to build a product lasting 50 yrs, it would be much more expensive so people prefer ones that become obsolete quicker. However, the "light bulb conspiracy" the documentary and my professor addressed seems to be about planned obsolescence in a more evil/conspiring kind of way. 
+Hi fellow Redditors! 
+
+Much like the title, to those of you who graduated in Development economics or related fields, what job do you do now and more generally which kind of career path did you go for? I am now five exam short of getting my MSc and I'm just curious to hear what has followed for you. 
+
+(Please specify the location as job markets obviously diverge from country to country.)
+Hi! I'm currently making my list for university (only 9 days left...), and Econ is ranking pretty high on what I *want* to study. The only problem is - a lot of people are saying its not a lot of jobs. Honestly I got the impression about it being the opposite, that its pretty versatile and opens quite a few doors... But yeah, a lot of people says its better to go for the "BACHELOR IN ECONOMICS AND BUSINESS ADMINISTRATION" (at the same time the news are writing that too many gets this degree, which is something I've also thought about as a lot more people take that, compared to a pure economics degree). And I'm also not that interested in finance etc..
+
+So, does any one here have a bachelor/master in economics? What kind of job do you have? How does your workday look like? Do a degree in economics open up for international work?
+
+(I was thinking about posting it in grad school panel, but I'm not sure its the same, as we don't have grad school here; you either have to take a bachelor (3 years) then master (2 years) og a 'full master' (5 years)).
+
+Hey so basically - I've had a fucking tough year, splitting up with my ex, having to move, had to pay for a friends funeral, getting made redundant, and trying to keep my head straight.
+
+It also meant that last November i didnt pay my rent and then sorta didnt after that and sorta havent since then, it spiralled. I know, embarrassing.
+
+Its now April and i still havent paid since November 21 but my landlord hasnt said a thing, he owns a good few places and is always on holiday.
+
+Things are looking good now and I've secured a job managing a project that gets disabled people into work places and i want to move closer to work. But im really not sure what to do.
+
+If i tell him i havent paid, what will happen? Even if we agree a higher rent mabye?
+
+If i move out, will he ever notice?, if he does, what will happen?
+
+Ive lived on my own since i was 15 (bad childhood) and done very well for myself, now only being 20, managing a massive multi-council project and always paid my own rent in full since the age of 16.
+
+Im firstly very embarrassed i let this happen and secondly very unsure of how to approach this
+ 
+
+[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c)
+
+**Please keep ALL conversations contained to Gamestop and directly related topics.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Brand new to the sub? Start here!
+
+***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.*
+
+https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd
+
+The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you:
+
+# [GME.fyi](https://fliphtml5.com/bookcase/kosyg)
+
+[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules.
+
+**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules)
+
+**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Flair Links
+
+[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all)
+
+You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile.
+
+**Mod Flairs**
+
+[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22)
+
+To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+Has anyone created an algo that uses machine learning to learn how to basically evaluate trades similar in a way to how I do it?
+
+Having a difficult time explaining it, but I've averaged 6-8% on forex trading for 4 years now, I obviously have my own strategy, with my own requirements to enter a trade, but at the end of the day I know there are a lot of things I look for in a trade, but not consciously. 
+
+I'm wondering if anyone has attempted to feed their own trading data into a machine learning program in order to pre-identify potential trades I would make, along multiple different currency pairs, that way I could then see much more potential trades than through my manual current process.
+Potential retaliation lawsuit and other labor shenanigans aside--they take time to process which I do not have. I have a child due to be born soon and am trying to figure out an ideal strategy to ensure they have healthcare coverage.
+
+Some other details:
+
+* Termination Date: April 1, 2022
+* Healthcare insurance coverage for self+spouse from the former employer through April 30, 2022
+* Former employer will pay for first month COBRA (May 1-31, 2022) administered by BenefitsCONNECT
+* Child will be born April 10 barring unforeseen circumstances.
+* I'm in NY, if any state-specific rules apply.
+
+I reached out to the benefits manager for instructions about claiming a life event to add the newborn to the medical plan. Their response was that the plan which I had at the point of termination is the plan that they will provide through the end of April and that no qualifying life events apply.
+
+Going over the plan documents state that the newborn's routine medical care will be billed under the mother's account. Any non-routine care will be billed to the child's account, so that should cover routine expenses and procedures through to April 30 for both birthing parent and child.
+
+I had a look at the NYS healthcare marketplace ([https://nystateofhealth.ny.gov/](https://nystateofhealth.ny.gov/)) to try and price out an individual plan, but it seems the individual plans are all for adults, not for children-only. There is reference to something called CHIP which I assume is healthcare specifically for children.
+
+It's unclear if COBRA will allow us to add the child to the healthcare plan, even if I need to pay the difference between self+spouse and self+family plan. The documents are also set to arrive April 14, and the enrollment period for private health insurance is April 15.
+
+The current plan is:
+
+* Enroll the newborn in a private healthcare plan before the enrollment deadline of April 15 for coverage starting May 1.
+* See if the COBRA administrator will allow me to add the child to the COBRA plan and pay the difference.
+
+I am fortunate to have an in-demand skillset, and plenty of interviews scheduled. So I don't anticipate needing this alternative healthcare for more than 2 months (May and June 2022). The main concern is ensuring the newborn's pediatric healthcare coverage, and being able to help the birthing parent recover from the birth that I had originally intended to do during parental leave.
+
+The questions I have are:
+
+* Is there a better way to ensure healthcare coverage for this child?
+* Is there some sort of law / regulation which requires a healthcare plan makes available coverage during a qualifying life event?
+
+EDIT: I want to clarify that my spouse doesn't work, and doesn't have employer-sponsored health insurance.
+
+EDIT2: I also want to clarify that I'm not giving birth. My spouse is. 
+I am having trouble wrapping my head around this amount of money. Obviously, it is a "lot" but I still don't have a clear clue as to what this amount of money means essentially. 
+
+Edit: I did not expect this many replies. Thank you FI'ers!
+So I bought a few shares of GameStop (GME) just because my wife was making a few bucks and I thought I'd see what happens.
+
+So far, it's pretty good. Making some gains overall, but I have two questions about it and Wealthsimple:
+
+1: I keep seeing that people are Direct registering their shares. Can that be done in wealthsimple, and is it even necessary?
+
+2: my wife read something that says that owning shares in the app is not really owning, and that they can sold out from under you if they aren't registered. Is that accurate?
+Not fatfire yet but on the way there (~3MM net worth, household income about 400K). Plan to reach about 6-7MM and retire in 6-10 years depending how well markets and investments treat me (lower number is due to relatively low COL where Im from).
+
+An issue I am trying to mentally prepare for is the ego element of quitting - I work in a fortune 50 company where people stay for 20+ yrs easily, and I’m relatively fast tracked. Now when I quit eventually, undoubtedly my peers will rise up far more and achieve far greater things. Everyone has their own life to live and own choices to make but I struggle with this because there is a direct comparison of “what might have been”. How do other folks deal with this?
+First off, I hold more Bitcoin than any other coin. 
+
+ 
+
+I've been investing in Bitcoin since early this year and went to my first bitcoin meetup in San Francisco tonight. 
+https://www.meetup.com/San-Francisco-Bitcoin-Social/events/245125000/
+
+ 
+
+The description said, "the only bar in SF that accepts bitcoin at the register!"
+
+ 
+
+I'm thinking, how is this gonna go? Can't go well, right. 
+
+ 
+
+I asked the bartender/owner if I can pay with bitcoin and he's like 'yeah, no problem'. 
+
+ 
+
+I had ordered two drinks. The bartender hands me an ipad with a bitpay QR code. 
+
+I opened up my Coinbase app that I had moved $100 into today specifically for in person payments. 
+
+ 
+
+My drinks came out to $15.50 with tip.
+
+The Bitpay app requested  0.0012 BTC (Current price is $16,500). When I put that amount into the Coinbase app it said the USD value was $35. I couldn't figure out why it was $35. So I switched the interface to allow me to just enter a USD amount. 
+
+ 
+
+I entered $20, cause I was slightly drunk and said, oh well, I'll pay more. 
+After I hit send I looked at the transaction and it said it was pending for $51. WTF?
+
+I asked the owner/bartender how this was gonna work since it was going to take 2hours plus. 
+
+ 
+
+He was like "2 hours? We can't wait that long, I'll just cancel and you can pay by credit card. Also , I don't want you to pay $51 for this". 
+
+ 
+
+
+I told him "You can't cancel, it's bitcoin. No backsies". 
+
+ 
+
+He was like "Well, Bitpay says it's canceled now". 
+
+ 
+
+And I said "Not sure its gonna come back through via Coinbase. I have no idea how this is gonna go."
+
+The owner was super great and offered to wait or try a whole bunch of things. 
+I said "This was mostly an experiment, take my card. Thanks for doing the bitcoin community solid.". 
+
+ 
+
+At the end of the day I have no idea if I got refunded. 
+2.5 hours later, Coinbase said the transaction went through. 
+Turns out the extra $30 was transaction fees for $20 drinks. 
+
+ 
+
+Ok, this is not anything new to anyone here. 
+But it was my first time trying to buy something at a retail store. 
+
+ 
+
+The owner was super great. He actually knew a ton about transaction fees, altcoins, bit pay and ease of use for customers. It's not an exaggeration to say he knew more about bitcoin than any other person at the meetup I talked to. (Which is weird, cause he was surprised it was gonna take 2 hours. I thought we all knew that). 
+
+He also said I was the only one to try to pay with bitcoin, which I kinda found sad. (ok, maybe everyone already knew better). 
+
+ 
+
+I knew it wasn't going to go well, but wanted to try for myself. 
+
+ 
+
+So, that brings me to: LIGHTNING NETWORK. WE NEED IT.  LETS GET IT. HOW CAN I HELP. I'M A DEVELOPER, BUT HAVEN'T STARTED LEARNING BLOCKCHAIN CODING. DM AND PUT ME TO WORK LEARNING. I'LL BUILD YOU A THING. 
+
+ 
+
+Anyway, go to this bar and talk to Aaron. Super cool and will talk your ear off about bitcoin if he has the time:
+https://www.yelp.com/biz/stookeys-club-moderne-san-francisco
+
+ 
+
+
+Here is my transaction:
+https://live.blockcypher.com/btc/tx/820957a6eac6ca8695dd312d90b84b6bdb5ad1b7ed8d747e3df4dc406ceaaeff/
+We own several SFH that were paid for cash. Total value approximately $400K. We decided to put a mortgage on them so we can buy a few more properties. These existing properties are owned by our LLC. We finally found a lending broker that is willing to work with us. They offered us the following terms:
+
+LTV 70%  5/1 ARM nonIO 5.35%  30 YR FRM 5.45%
+
+Non- recourse
+
+Pre-payment Penalty: 3%,2%,1% for the first 3 years non after
+
+Broker fee : $8,500 plus $995 processing
+
+Lender fee 1%
+
+​
+
+Can someone please help me understand if this is a good offer or not? Our other option is to transfer properties from LLC into our personal names, pay transfer tax/fees and then take more traditional mortgage. But we do prefer to keep it in LLC.
+
+​
+
+Looking for any and all feedback!
+Hi everyone, hope you all had a very Merry Christmas and have a great upcoming New Year.
+
+I am 20 years old, uni student. 
+Location:- Sydney
+I have recently been successful in getting a job offer at a Top 30 firm Accounting firm in Australia, which I am very grateful for. The pay is $52,500 inclusive Super for Graduate Accounting position. The office is like 10 min drive and 20 mins public transport. I noticed compared to the other sectors accounting starting pay is very low in this day and age. Like anyone that works on Accounting industry how is the growth and what is average pay once your grow. I am currently studying in uni and have completed around 1/3 to 40% of my double degree (bachelors). 
+Is the Accounting industry a growing industry? Any suggestions would be great.
+
+Like all I am saying we are heading to 2023, nothing in Sydney is getting cheaper, cost of living, fuel prices, shopping everything going up, surely wages need to match that to some extent.
+
+Like I made $700-800 working full time as a Maccas Manager, pretty much same pay bracket here, except it’s a white collar job and less physical work etc
+Hey AusFinance 
+
+First home buyers just starting to look/make offers for places. We found a private sale today that we really liked - advertised $550-$600k and we emailed this afternoons offering $560k. The agent called me back this afternoon and said that we should “make our best offer” and basically said if someone offers higher they won’t come back to us to negotiate. They also gave us some non-legal but “official” forms to submit an offer that basically says “this is our best offer, we are officially stating we cannot offer higher than this price and if someone else offers higher we do not require notification”
+
+I was told there was an offer submitted this afternoon and I asked if we are wasting our time if we submitted an upped bid for $570k but he wouldn’t say no, and then he just sent us the aforementioned forms to submit an offer and said vague things like “I won’t be surprised if it sells for $600k” 
+
+I have no idea how to play this game and it’s very frustrating. 
+
+Also, just a side questions: 
+
+if you’re currently a FHB, are a lot of you waiting for July 1st for the deposit scheme spots?
+
+If you’re a real estate agent or just in the know - is the market weakened atm because of covid? Is it easier to snap up deals or are a lot of buyers out and about because of the grants?
+
+Cheers
+I'm in an awkward situation. Nearly a year ago, after 1 year at this company, at a annual review of my performance (initiated by me), I asked about raises. I was reassured that they typically were done annually and that I was very much deserving of one. Just under one year later, a company merger, several "Psh, I'm not really sure how it works after that merger, it's not my job anymore" conversations later (meanwhile all of the leadership and senior positions have each been promoted significantly), I have now been offered a raise—in the middle of this coronavirus economic downturn—with a catch:
+
+Either a) I take a 10% raise now, or b) get about ~17.5% "when things get turned around".
+
+Financially, the lower amount now makes sense, with a delay of 3-6 months, it's not until 4-8 months after that, that I would actually have made more money with the higher salary. At that point, I may been on track for another raise anyways. I've been promised the raise for months, and clearly their track record of making my raise a priority isn't something I can count on, even when our industry and company is thriving. Honestly, I'm grateful even for the 10%, especially amongst the hardships that so many are facing right now. I'm privileged to even have this opportunity. But I'm struggling to decide what is more greedy? More money immediately, or letting it be delayed even further for the higher amount eventually? What is the right choice, financially and morally?
+
+Note: The company is a decent size ~100-150, capable of being fully remote, with financial backing, and doesn't seem to show huge signs of financial issues. No pay cuts, layoffs, or hour reductions currently. It was never mentioned why I was given the option or what the intention was, I'm just stuck with it.
+So, 10-7-16 I tried to deposit $300 cash, via an ATM located in my town.  This is normal process for me, and I usually make 5-10 deposits similar to this one each month.  On this particular deposit the ATM just crapped out (like a vending machine eating your money), the screen went blank, and it made no record of my deposit attempt.  I immediately did a balance inquiry to see if the money went to the account, which it did not.
+
+Immediately from the bank parking lot I contacted my bank (StateFarm Bank).  I was told to expect authorization affidavit paperwork by mail shortly.  I also made a report inside the PNC branch where I was, and I made a formal complaint about the ATM's functionality.
+
+My bank applied a provisional credit to my account the following Monday.  
+
+I've waited on the paperwork but nothing has ever showed up in my mail.  So last Friday, I gave them a call to find out why, to which they could not give me an answer.  I asked them to please send it again before they removed the provisional credit.  The next Tuesday, 11-15-16, they removed the provisional credit from my account.
+
+So I've called them back again, and they said they couldn't find record of the deposit, and that the ATM balanced out correctly.  I never received the authorization paperwork to allow the investigation, how can they complete this without it?  Also, through talking with the agent I discover that they were looking at the wrong date.  They were ostensibly investigating the day of the 10th which was the date the provisional was applied, not the date of the incident.  
+
+So this brings us to the present date, last I talked with my bank they were checking a few more things and would get back with me on Monday...
+
+Has anyone dealt with a situation like this, or have any applicable information?  It would be really helpful.  They are starting to act and sound like they don't believe me, and that they do not have my back in this situation.  I'm already working on switching banks to someone who doesn't run their bank like an insurance company.  But I can't let them get away with just washing their hands of this, without a thorough investigation of this issue.  If anyone has any advice I would be more than grateful..  Thanks! 
+
+EDIT:  11/21/16 - So today the person from SF bank called and basically confirmed what I thought they were going to say.  They say the ATM balanced, and that because they don't have a specific transaction PNC can't or won't give up the security cam footage.  So how do I go about getting a lawful request to obtain that footage?  And what if the ATM crapping out also crapped out the ATM's cameras?  Is there any hope of me being able to get any tangible evidence?  If the money went into the ATM it should have logged something, even if the money went to the diversion bin or whatever, correct?   
+Recently, I went to visit my cousins in NYC. I'm pretty close to them, one had a similar upbringing, interests, and savings as me, the other (M) had parents separate early, in debt, etc. 
+
+M overcame his situation and is very educated, pursuing a PhD now. His siblings barely/didn't finish high school. All of his family has money issues, including him, but I always trusted him and felt he was generally more responsible and self sufficient (but still, spends a bit beyond his means). 
+
+A few years ago, he asked for money to mortgage a house with his friends and I declined for multiple reasons. 
+
+Anyway, I stayed with him and his family (small 2BR, he was sleeping on the couch and I slept on an inflatable bed in the middle of the living room) and talked with his sister (R) for a while. We were talking about how they live in NYC and it's pretty expensive and whatnot. I live in a low COL area and merely mentioned that I'd LIKE to retire early by like 55 or something and somewhat jokingly.
+
+However, a few weeks later my family comes to me asking if I said I had a lot of money to them and to be careful about it. As it turns out, that got very much twisted and R told their mom that I had enough money to retire by 45. They then went asking my mom for money since they thought I was very well off. My mom denied it, they don't even know how much money I have saved.
+
+Anyway, just a word of warning. This brought some tension into our family, so just avoid it no matter how close you think you are with them.
+https://www.cnbc.com/2020/06/05/jobs-report-may-2020.html
+
+>Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones.
+Come get a hit of this sweet confirmation bias!!!
+
+Today’s low volume (we’re currently at 9.3 million - will likely end the day around 10 million) just confirms to me the biggest theory that has been floated around. 
+
+**The big long whale(s) exist!** (BlackRock? A coalition of hedge funds? Et al?)
+
+Why are we able to come to this conclusion, based off of the market action today?
+
+The low volume, on a pretty major catalyst, tells all. 
+
+For reference, on February 24th when the only known catalyst was The CFO resigning and a Cohen 🐸 tweet, the volume was pushing 80 million. The day after, February 25th, volume was 150 million. 
+
+And yet... here we are. 10 million volume on big chairman news, and a confirmation date for the annual shareholder meeting. 
+
+What does it mean?
+
+1. As important as the ape-factor is, the massive green parabolic movements are caused by some OTHER external force (the whale(s)).
+
+-If it were solely apes causing this movement, we would’ve seen a ton more volume today. Apes are all over this new catalyst. 
+
+2. The big volume (and correlating uptrend in price) is NOT caused mainly by FOMO or hype-investors. 
+
+-There’s been adequate news coverage about this chairman announcement. The articles have not been over-the-top bullish, but the facts are stated. Ryan Cohen - to be elected as chairman. 
+
+Which leads to the big point
+
+**3. Whales are responsible for the big volume, for pinning/pushing the price**
+
+THEY decide when we go up. If it were solely up to apes, it would have been on the moon today. 
+
+Is this a bad thing? No. Whether we like it or not, our job is to shuffle the deck, deal the cards, while the big boys clean up and make sure the house (us) gets paid. All we need to do is hold (to increase the power that low-volume, high-volatility upswings can cause) and buy dips to stabilize the stock. 
+
+My next point takes it a step further;
+
+4. This is all part of the plan. 
+
+-Each tweet by Cohen, calculated with the aid of market movers. Each Gamestop filing and announcement, in lockstep with the market movers. Everything has been released to a pre-planned schedule. The plan may change and flex, as shorts invent new methods of fuckery, but the longs run the casino. 
+
+Ryan Cohen is an awesome, brilliant guy. Undoubtably. But to engineer this takeover, pivot an existing company, and potentially capitalize on a short squeeze (don’t ask me, look at $GME’s own filings!) takes a ton of technical knowledge, securities law knowledge, planning, investment banking savvy, a quantitative analysis team, etc. I doubt he’s going about this process all willy-nilly, haphazardly tweeting shit out and hoping for the best. If only he had some contacts that know exactly how this game is played. Let’s say, from the biggest investment management company in existence...?
+
+The historical ties of Cohen to BlackRock have been documented in many previous DD threads. They were one of the first funders of Chewy. They are a big shareholder of GameStop. They have the voting power to stomp out the phony former CFO, to fuck the shorts, and to successfully pivot GME to a new future. 
+
+Most importantly, they may be the big shareholder who will want to recall shares for the upcoming shareholder vote. Let’s say a BlackRock share has been lent out several times. One recalled share from BR means that... 5? 10? 20? shares have to be located and purchased. 
+
+I think the press releases and filings (from the beefed up 1 billion/3.5million share ATM offering), the announcement of the new board, paid purely by stock, these are the necessary steps that allow Gamestop to successful pivot into e-commerce, allow a world-class c-suite to be afforded, and allow the powers-that-be to capitalize perfectly on the inevitable squeeze. Because when the long-whale decides to hit that **“RECALL”** button (just imagine how many shares the whales own, with the massive past volume from $40 to $350, from $115 to $180, etc), the short Game is Stopped. 
+
+TL;DR the plan is coming together. Buy and hold. Bears r fuk. 
+
+This is not investment advice. You’re dumber than I am if you misconstrued it as such.
+By turning off your lending program which you are automatically opted into, you can cut down on their supply of ammo. Watch a video, Google it, visit a help section or contact your broker directly! If they can't borrow your securities they can't borrow it to short! Please spread the word🚀🚀
+I would like to share some alarming signs of Bitcoin price manipulation.
+
+
+Bitcoin price is about 10 times of what it was a year ago. The exchange that decisively sets Bitcoin price is Bitfinex, a secretive institution with unknown beneficiary structure and place of organization.
+
+
+https://pbs.twimg.com/media/Cs0oGXQWAAAqMRZ.jpg
+
+
+Bitfinex had its wire services suspended by Wells Fargo in April.  To resume trading, Bitfinex enlisted the help of Tether, another company with unknown beneficiary structure and place of organisation, but based on announcements is likely under common share holder control with Bitfinex.  Tether sells crypto-tokens known as USD Tethers, or USDTs, that are purportedly backed by an equal number of US dollars.  In other words, each USDT is a digital good priced at USD 1.00.
+
+
+Despite the promise of "100% reserve" and the vague reference to "24×7 access to your funds" on Tether’s website, there is no contractual right, either tacit or express, for one USDT to be redeemed for one US dollar.  It is probably through this legal construct that Tether hopes to characterise its USDTs as digital goods and not "convertible" virtual currency covered by FinCEN regulations.
+
+
+The invention of USDTs led to the proliferation of numerous crypto-currency exchanges.  Examples include Bitfinex, Binance, HitBTC, KKex, Poloniex, and YoBit.  Instead of providing crypto-to-fiat trading pairs, these "coin-to-coin" exchanges offer crypto-to-tether trading exclusively.  Therefore, USDTs not only help these exchanges remove the need for formal banking arrangement, but also enables these exchanges to organise in lesser known jurisdictions (e.g., the Republic of Seychelles) and operate outside of the regulation and supervision of major economies.  Most of these exchanges claim to screen-off visitors from the United States and other countries with laws on coin-to-coin trading, but the screen-off is often perfunctory. In almost all cases, the screen can be defeated with a simple mouse click.
+
+
+It is doubtful that these exchanges perform meaningful due diligence beyond identity verification to combat money laundering, financing of terrorism, and corruption of politically exposes persons. Bitfinex, for example, requires no identity verification at all for most trading activities and imposes no trading amount limits on unverified accounts.  The enablement of these exchanges where rampant money laundering is possible is outside of the scope of this note. Instead, I would like to bring to your attention the distinct possibility that Bitfinex, as the likely controller of Tether, is a bad actor.
+
+
+Strong circumstantial evidence suggests that Bitfinex is creating USDTs out of thin air to prop up Bitcoin prices.  Namely, Bitfinex is likely acting as a central bank that issues a fiat money called USDTs. The sole mandate of this central bank is to enrich itself through market manipulation.
+
+
+https://i.imgur.com/b1Pdsq9.jpg
+
+
+The first image (above) illustrates how mysterious amounts of USDTs were minted and injected into Bitfinex at precise moments when a crash seemed imminent.
+
+
+https://i.imgur.com/jAyPlF8.jpg
+
+
+The second image (above) illustrates a strong correlation (but admittedly not causation) between the total amount of USDTs in circulation and Bitcoin price.
+
+
+Bitfinex released an internal memo in September to allay concerns that USDTs might have been created at will.  The memo purportedly shows that Tether maintained sufficient US dollars to match all USDTs in circulation as of a day in September.  The memo, however, is of no probative value.  Among other strange things, the author of the memo didn’t verify with banks (names redacted) that account balances from Tethers were in fact correct, couldn’t promise that the balances weren’t overnight borrowings for purposes of producing the memo, and couldn’t promise that Tether indeed had access to those funds.
+
+
+I therefore urge you to consider the possibility that the current price of Bitcoin is the result of Bitfinex’s manipulation and may collapse when regulators take action.
+
+
+For example, Tether is almost certainly an administrator of virtual currency — it centrally puts into and withdraws from circulation USDTs, a virtual currency squarely intended as a substitute for real currency as admitted by Tether in the internal memo.
+
+
+Tether has nominally registered as a money transmitter with FinCEN, but it is unclear if they fulfill any of the BSA filing requirements (e.g., filing SARs).2 As a company, Tether’s USDTs enables large crypto-currency exchanges (including US-based exchanges like Poloniex) to exist and powers trades thereon in the amount of millions every day.  So it wouldn’t be surprising if FinCEN eventually decides to enforce its rules against Tether as it did against Liberty Reserve.
+
+
+Further, CFTC approved recently various swap execution facilities, designated contract markets and derivative clearing organizations with Bitcoin flavor.  And the Chicago Mercantile Exchange is expected to launch cash-settled futures on Bitcoin soon.  Manipulation of Bitcoin prices referenced by these entities is prosecutable by the CFTC, an agency with broad statutory authority to prosecute manipulation of commodity prices under the Commodity Exchange Act (including Section 753 as amended by the Dodd-Frank Act.).
+
+
+Although none of these CFTC-registered entities are currently including Bitfinex in the calculation of their Bitcoin reference rates (CME used to), it is well understood and could be easily established (partially because of the transparency of Bitcoin blockchain) that Bitfinex-initiated price movements ripple through all exchanges via manual and automated trading.3  CFTC could then have grounds to investigate Bitfinex’s possible manipulation of Bitcoin price via Tether.
+
+
+If you are considering investing into Bitcoin at this time, please look closer at the exchanges involved in price discovery and give it a second thought.
+I've drafted up a somewhat short write up on why I believe eBay is a good buy at the current price. Any feedback is encouraged for missing points, disagreements, anything really. Hope you enjoy. 
+
+**Bull Thesis**
+
+•	Revenue growth in Q4 accelerated to 28% year over year and \~35% once you normalize for pending asset sale
+
+•	eBay has a sweetheart deal with Adyen, receiving warrants to purchase up to 5% of Adyen (Adyen is a $80B dollar company)
+
+•	eBay has been aggressively buying back shares over the past 3 years at very good price (37% of the shares outstanding have been bought back)
+
+•	eBay is selling off assets unlocking great value (Classifieds business $11B set to close in 2021)
+
+•	eBay has been paying off debt and refinancing for lower interest rates
+
+•	eBay returning capital to shareholders through dividends 
+
+**Bear Thesis**
+
+•	eBay is a stagnant boomer company used by my parents 
+
+•	The company has been selling off some of their best assets (Stub Hub, Classifieds). 
+
+•	Exceptional growth experienced in 2020 will reverse or at least slow drastically as the vaccine gets administered
+
+**Background**
+
+eBay Inc. operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at [ebay.com](https://ebay.com) and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks. The company was founded in 1995 and is headquartered in San Jose, California.
+
+ Over the past few years eBay has changed their business strategy to that of a mature company with stalled growth by refocusing on the core business, divesting non key assets and returning equity to shareholders through dividends and share buybacks. This all changed in 2020 with the worldwide Covid-19 pandemic causing a resurgence in eBay’s core business. The emerging growth and strategic plays taken by eBay have and will continue to unlock huge value for shareholders. Let me begin. 
+
+**Revenue Growth**
+
+For a long time revenue was flat to declining at eBay, until 2020. Revenue growth on their core business accelerated to 28% YoY in Q4/2020, which excludes lost revenue from the sale of their Classifieds business. Organic revenue growth estimated to be closer to 35%  if we were to normalize and remove Classified’s 2019 revenue. I do not think the market is properly pricing eBay as a technology company with accelerating revenue growth north of 30%. 
+
+eBay trades at under 5x revenue and 25x Free cash flow. These are very reasonable multiples, especially when looking at eBay’s peers. Etsy trades at 20x revenue while Shopify trades at 68x revenue (albeit these companies are growing faster). Amazon seems like a good comparison in terms of revenue growth rates and revenue multiples to eBay. However, Amazon’s gross margin is only 25% versus eBay’s 75% gross margin and EV to Free Cash flow at Amazon is twice that of eBay.  Amazon is more of a traditional online retailer while eBay is a pure marketplace play, but why are they traded at the same revenue multiple? Other technology companies with similar revenue growth rates to eBay are trading at 20-40x revenue. This all leads me to believe that based on eBay’s core business, the eBay is priced at a discount relative to their peers. 
+
+The bear argument would say that the 2020 growth is due to pandemic and things will shift back towards retail as vaccines are administered. This very well may be the case, but when we look at other companies that have this same accelerating growth during the pandemic (Etsy, Shopify, Lightspeed), these companies are priced at exuberate multiples. If we see continued upside in online buying as we live in ‘the new normal’, then eBay should see continued growth in share price as a result of both revenue growing and expansion of valuation metrics given the sustained growth. 
+
+**Adyen Partnership**
+
+In 2002 eBay acquired Paypal for $1.5B. Back in 2002, 70% of eBay’s transactions were processed by PayPal. In 2015 eBay spun out PayPal. You are probably thinking so what PayPal processes transactions for eBay…not anymore. In 2020 the agreement between PayPal and eBay for processing transactions finally ended (5 years after spinout) and eBay started using Adyen for processing transactions. This partnership has many advantages such as eBay owning risk management (higher acceptance rates), and offering improved checkout features to optimize conversion (alternative payment methods). There are additional opportunities down the road that eBay could look into, like consumer financing, wallet, etc…. through their partnership with Adyen. These are opportunities that eBay could not previously do with PayPal as PayPal owned the payment data for customers at checkout. 
+
+But the best part of the deal with Adyen would be the economics. Although eBay does not say, I would be surprised if eBay did not receive discounted pricing from Adyen. A 10bps saving would result in $100m of savings each year, based on 2020 GMV. eBay also received warrants to purchase 5% of Adyen as part of the deal. Adyen is a $80B company. Those warrants have and will continue to print……ALREADY VALUED AT OVER $1B!!! Overall I am bullish on the partnership between Adyen and eBay. 
+
+**Share Buybacks**
+
+Over 389 million (37% OF THE COMPANIES EFFING SHARES OUTSTADING!!!! ) have been bought back by eBay over the past three years. eBay used proceeds from disposing of assets and cash from operations totaling $14.6B and bought back shares at a very low price (\~$37/shares versus todays $60/share). This was a great way to effectively return capital to investors and grow the company’s share price. When you look at the growth in eBay’s share price over the past three years it is almost entirely accounted for simply by these share buy backs. 
+
+**Debt Outstanding**
+
+eBay has $7.7B of debt outstanding. The debt is easily serviceable through eBays free cash flow (2020 free cash flow of $3.3B versus $300m interest expense). So you might think the story ends there, nope. eBay has paid off $3.3B of debt over the past 3 years. Again utilizing their cash from operations to improve their balance sheet. The story is not done yet. eBay’s management team has been doing a great job optimizing their interest payments as interest rates come down through refinancing debt at lower rates and paying off debt with high interest rates. In Q1 2021 eBay repaid a $750m note with a 6% interest rate (this was the earliest they were eligible to repay the note at face value). This alone should save the company $45m a year in interest expense. 
+
+**Dividends**
+
+In 2019 eBay started paying a dividend of  $0.14/share (about a 1% payout). Hey, dividends are nice and they attract a longer term stable investor. 
+
+**Classifieds** **Sale**
+
+eBay is selling Classifieds business to Adevinta for a package valued at over $11B ($2.5B cash and Adevinta shares). They are losing only $200m of income from Classifieds business so the impact to free cash flow is 10% all while unlocking $11B of value.
+
+**StubHub**
+
+In February 2020 eBay sold off their StubHub business for $4billion in all cash sale. Could the timing of this transaction have been any better? Right before the pandemic, selling off a ticket resale business for large events….and using the proceeds from the sale to buy back shares of eBay at a depressed price. Long term eBay is losing a valuable asset, but I do not think they could have gotten a better ROI on these assets over how things played out. 
+
+**Ownership**
+
+The stock does have a major ownership stake by Pierre Omidyar (founder) who owns 7% of the company. Since his departure from the board in 2020 he has been selling his shares. In Q4/2020 he sold 13m shares. As he continues to sell there could be some pressure on the share price, but in my opinion this is also a reason likely why the stock is still cheap. I expect Pierre to continue to liquidate as he focuses on philanthropy.
+I have always responded to people who tell me these things by saying I will be the first to admit I am wrong when the time comes. So let's wait, 3, 5, 7 years, and then call me out. Just like I have done in the last 8 years. Guess what? They never show up.
+
+The problem is, not only have we been right about this for the last decade, it's the "spot on, how the fuck did you know that would happen?" kind of right. I myself have gone on national TV a couple of times here in my home country saying Bitcoin is a hedge for the shit show that is going on in the world and that it's market cap will go to 1 trillion ** way back in 2016.** How embarrasing would it have been if we were wrong?
+
+It's not that we know we are right, but it's because we are not afraid to be wrong, even if a lot of us has put more skin in the game than required. Starting Bitcoin businesses, publicly supporting and talking about Bitcoin in the face of ridicule (talking about Bitcoin in a startup conference or fintech conference in 2014 will get you a few odd looks and dismissive laughs.), and putting what some might consider an irresponsible percentage of our net worth in the asset because we truly believe in its potential.
+
+So to those saying "Who's gonna buy your Bitcoin at $100K?" I say this: First, I am not selling at $100K, lol. Second, talk to me in 4 or 5 years, feel free to make fun of me if I am wrong *this time*. The funny thing is, back then when Bitcoin was small, our conviction was already big. What makes you think that will change today?
+
+The Bitcoin network will outlast all of us, this I am sure of. Whether you believe in its potential of you think it's one big ponzi scheme, when you take your last breath on your deathbed in 30, 40, or 50 years, the Bitcoin network will still be chugging along, making new blocks to add to the chain, as long as the telecommunications and internet networks exist and free people all over the world desire a monetary system that is free from politics and human intervention.
+
+[In the words of Nassim Nicholas Taleb](https://medium.com/opacity/bitcoin-1537e616a074): *"Bitcoin will go through hick-ups (hiccups). It may fail; but then it will be easily reinvented as we now know how it works. In its present state, it may not be convenient for transactions, not good enough to buy your decaffeinated expresso macchiato at your local virtue-signaling coffee chain. It may be too volatile to be a currency, for now. But it is the first organic currency.*
+
+*But its mere existence is an insurance policy that will remind governments that the last object establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future."*
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people.
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u).
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+ok, before I get into this I’ll say I’m pretty new to trading, and that I know I’m basically asking ‘will stocks go up or down’ and ‘nobody knows’ is the only true answer.
+
+I also know that most of you are just chasing moon rockets and don’t care about the bigger picture but at least a few of us have boring long term holds and might like to participate in a discussion.
+
+so: is this just a wobble, or are the markets coming back down to earth? are we finally experiencing the second, gradual falloff that economists have been predicting? I’ve been staring at a few charts this afternoon (closest I get to DD) and they look like shit. my portfolio also looks like shit of course, but especially my “safe” plays. since March I have cheated on asx_bets and taken the ausfinance approach of value averaging spare cash into VDHG. that holding is now barely in the green and I may just be projecting here but it does seem like a lot of the pessimism in the news is finally affecting things.
+
+I also noticed a lot of posts had been chanting ‘tech is the future’ as if that means anything, basically saying it’s unstoppable and telling new traders to get into FANG, but people who took that advice have seen it go sideways and they literally would have been better off buying stock in dominos.
+
+in the news lately was the revelation that the tech boom has been in part due to rampant speculation from some massive companies like softbank, who liquidated millions in assets to take up leveraged stakes in these tech stocks. now, understandably, on learning this, softbank shareholders shit themselves and exited their positions because the money they thought was safely invested is actually teetering in a veritable house of cards.
+
+I guess my question boils down to, if we’re at the mercy of market manipulation on a big scale and even “safe” positions are not really safe, what is the difference between speculating and real investing? if the answer is not much, am I better off just chasing rockets and holding cash? is this another dotcom bubble or is it just part of investing?
+
+sorry for the rant, just posting some thoughts on a quiet rainy Saturday. any input welcome. cheers.
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
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+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
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+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
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+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Titomic is a 3D printing company based in Victoria. They also have a US based element of the company.
+
+Claim to fame is that they currently posses the worlds largest 3D printing equipment.
+
+They use high pressure deposition to blast the feed material into the structure being built. Unlike laser based methods this allows them to produce composite materials. They can layer titanium and ceramics together, hell they could layer in dog shit if they wanted to. This enables some utterly insane manufacturing options. Like prebuilding all the wiring into the structure of an object. Imagine a drone where the wiring is part of the structure and the whole structure is a fuel tank for liquid hydrogen. Crazy shit like that could be possible with this technology. Sky's the actual fucking limit. We've not even begun to tap the potential.
+
+A similar concept could be a structure than is both a fuel tank, cooling system and the body of an object. We can do that with liquid hydrogen using this composite technology. Hydrogen enbrittles metal over time leading to fuel tank failure. It's one of the biggest problems as a fuel. By being able to create a composite you could theoretically create a tank that wouldn't shit out but make it part of the structure of the vehicle. You can also make a pressure tank that doesn't need to be cylindrical or circular because you can create internal lattices that hold the whole thing together. A concept that's being investigated. For a leap in imagination imagine a rural fire fighting truck powered by liquid hydrogen that uses it like a rocket (rockets cool their engine exhausts this way, on the inside of the exhaust everything will be obliterated but the outside is literally frozen) to super cool the skin of the vehicle so it can drive through any fire to get to anyone that needs to be rescued.
+
+3D printing is a space with lots of competition, and hundreds if not thousands of companies and research teams trying to find the "killer app". Either way it's ushering in a new age of manufacturing that's allowing us to build things that were literally impossible a decade ago.
+
+TTT entered the ASX in 2017 with a price around $0.40. It hit an ATH of $3.12 on the 28th of May in 2018 after signing an agreement with Callaway... a golf company, I'm still not sure why it had such a huge run up over April/May 2018 I don't really think the Callaway deal is what caused. After that they had agreements with a bunch of defense contractors etc etc the usual shit.
+
+Since then the price has slid arse backwards into the dirt it's currently at 0.365. As far as I can tell that's because of poor turn over and cash flow + competition. Amero and a bunch of other 3D print companies scored work on the Future Submarine Program (A total and complete fucking disaster). This could be a reason why they've sunk so far down the ladder. If anyone has any insights I'd really love to hear them. They've been busy signing deals and have recently acquired Tri-D a company that has a patent pending on some pipe with wires in it. It's like "smart pipe" or some dumb crap. Supposedly it's useful for oil & gas because of it's ability to embed censors in the pipe, better find a more useful use or it'll be dead in the ditch in 5 years.
+
+Their financials are okay, although I'm honestly not the best at analysing that stuff.
+
+[https://yourir.info/resources/2daff4293b7634ea/announcements/ttt.asx/3A570994/TTT\_Appendix\_4C\_Quarterly\_Cash\_Flow\_Report\_30\_June\_2021.pdf](https://yourir.info/resources/2daff4293b7634ea/announcements/ttt.asx/3A570994/TTT_Appendix_4C_Quarterly_Cash_Flow_Report_30_June_2021.pdf)
+
+​
+
+I've so far not been able to pin point exactly why they've been on the slow decline other than the fact they're in Australia which seems like a terrible place to try and produce anything. They have incredibly stiff competition for plating and coating and mining gear. They're far more likely to succeed with companies like Gilmore Space making cutting edge rocket gear that you can't produce in any other way but that also puts them up against Relativity a company that's WAYYYYY the fuck out on the cutting edge of all of this stuff.
+
+They seem to be really into this whole pipe thing though having licensed patents from the CSIRO and buying a pipe company.  Seem to be super keen to lay some pipe... To be honest all I can think about now is taking a shit... Hopefully that's not what they're doing.
+
+[https://titomic.com/investors-press/investor-centre/](https://titomic.com/investors-press/investor-centre/)
+
+3D printing is a complicated over hyped area but the core reason behind the hype is that if you can marry this technology up with some big brains and some high level AI you can begin to produce some totally insane and mind bending things.
+
+A fully built out facility can effectively produce whatever the fuck you can dream up, at least that's the goal/dream. If it works out we'll be able to catch up to, maybe sling shot past places that are currently leaving us in the dust. It's a race though and this country only seems to like races with horses anything else is too hard for our dumb dumb brains.
+
+​
+
+\-----
+
+Conclusion  
+
+
+I think the cunt has bottomed out. I'm still not sure of it's potential to rise back to it's historical ATH. If the bitch does though that's some solid gains. I have no idea what's going to happen with this company at all. My gut tells me it's going to sit idle for a while longer but if it lands a couple of big defense contracts it's going to do well.  
+
+
+Defense manufacturing doesn't scale well because you're never building more than hundreds of units really, which is ideal for this kind of manufacturing process. Additive doesn't scale well over volume, it's brilliant over time though and it's more flexible than any other type of manufacturing. Which is ideal for making shit for murdering people. Especially in today's high tech death robot race.
+
+So I rate this company - keep an eye on it...  
+
+
+If you've got any information or can show me where I'm way off base I'd love to read it. Thanks for reading my dribble I hope it's given you something new to think about.  
+
+
+\-----  
+
+
+Some other ASX companies working in this space  
+
+
+Amero - ex-monash tech  [https://www.amaero.com.au/](https://www.amaero.com.au/)
+
+  
+AML3D [https://aml3d.com/](https://aml3d.com/)  
+
+
+Amigaeng [https://amigaeng.com.au/3d-printing/](https://amigaeng.com.au/3d-printing/)
+
+There's a lot more, it's a competitive space and plenty of companies working in this space aren't listed. Amero claimed to be the first company with a certain kind of additive printing machines, they lied, they were the first on the ASX. AVweld in Melbourne had the same shit nearly two years before they got theirs.  
+
+
+Another none listed company in this space that's interesting is this bag of penis.  
+Spee3d [https://www.spee3d.com/](https://www.spee3d.com/)  
+These clowns don't understand l33t speak as it should have been Spe3d... dumb dumbies. They've got contracts with the Army, Navy and the US marines for field systems to produce parts etc. Huge cost savings for the military. One example they give is a wrench for fucking with an Abrams tank. The normal tool cost something like 20k... fucking garbage scam. The Spee3d rig can knock one out for like 40$ or some shit. It can also do it in 40min and onsite.
+
+Maybe we need a new flair "A printer with a liar standing next to it."  
+
+
+\-----
+
+  
+Additional resources worth reading
+
+[https://www.austrade.gov.au/ArticleDocuments/1358/Australian\_Disruptive\_Technologies-Industry-Capability-Report.pdf.aspx](https://www.austrade.gov.au/ArticleDocuments/1358/Australian_Disruptive_Technologies-Industry-Capability-Report.pdf.aspx)  
+
+
+[https://www.csiro.au/en/research/technology-space/it/Lab22](https://www.csiro.au/en/research/technology-space/it/Lab22)
+The weekend. Yet another day to relax with no market to worry about and enjoy the sun.
+
+​
+
+Unless you're in Victoria. But lets be honest, you weren't enjoying the sun anyway.
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+So, midnight on a Saturday night and IG, my trading platform, sends me an email thinking this retard has passed out already and wont see that GME and AMC are not longer tradable. Watching WSB I have seen the issues with Robinhood and the plans for "class action lawsuits" and SEC investigation of "abusive an manipulator" practices. 
+
+Knowing that Australia is not the US and not a litigious society, any of you lawyer-guy types have any thoughts on where we stand down-unda with these shitty practices and if any platforms other than IG are pulling the same bullshit?
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+I'm 49 years old. Was maxing out my 401k and Roth.
+
+401k was at $300k before this whole thing started. Up until today, I was fine with leaving it alone. I'm at $215k now:
+
+[https://i.imgur.com/97w5ae2.jpg](https://i.imgur.com/97w5ae2.jpg)
+
+Roth was at $25k, now at $18k:
+
+[https://i.imgur.com/zwpurap.jpg](https://i.imgur.com/zwpurap.jpg)
+
+In any other bull situation, I was fine leaving it alone. Was even joking with some co-workers 2 weeks ago if I should buy more...
+
+But I'm only realizing now... we still may have MONTHS of this. Industries are CRATERING.
+
+I'm in the airline industry. NOT a good place to be in. I will likely lose my job.
+
+Is there any possibility of losing it all if I do nothing and leave it? I don't want to sell now but $230k is better than $115k, or $0.
+
+Confused... anxious... nearly suicidal... thoughts please
+**#1: GVIP has dominated the S&P 500 in performance over the last week**
+
+Some context:
+
+GVIP is an ETF that tracks popular hedge fund long bets.
+
+Below is a chart that compares the 5 day performance of the GVIP ETF vs the S&P 500.
+
+https://preview.redd.it/1h510wt7zwf61.png?width=1096&format=png&auto=webp&s=492289c4e6f30184c160a133188a3e9331e17f7d
+
+Over the last week (Friday last week to Thursday this week) GVIP has outperformed the S&P 500 by 2.3%. That's a TON. Furthermore if you do the same comparison for Monday this week to Thursday the outperformance of GVIP rises to approximately 4.4%, for Monday-Friday the outperformance was 2.3%
+
+To put this into perspective look at the historical performance of these two side by side since Jan 1st 2017 (essentially inception of GVIP) and you can see that GVIP in the past has modestly outperformed the s&p 500 with GVIP returning on average (roughly) 1.69% per month and the S&P 500 returning on average (roughly) 1.12% per month (A total of 127% gain for GVIP and a 73% gain for S&P 500 over \~49 months). 2%+ out performance over a short period of time (a week or less) is massive variance to the long term monthly averages.
+
+https://preview.redd.it/ygm5yajozwf61.png?width=1240&format=png&auto=webp&s=d9000948cfa0326740c27e4dc98118d416441906
+
+My hypothesis here: Hedge funds have been increasing short bets (on gamestop and other stocks) and plowing the cash they are receiving from the short sales into their favorite stocks. This pumps GVIP higher explains some of the difference in short term performance
+
+**#2: Short Volume has increased as a percent of total volume**
+
+First up its important that I note the different between short VOLUME and short INTEREST. Short volume refers to the number of shares sold/bought in short trades each day. Short interest is the total outstanding number of shorted shares.
+
+A large increase in short volume as a percent of total volume indicates that something is going on. As you can see from the chart below this new activity started on 12/27 (the day that gamestop had the highest price) and continued. While its hard to tell what is actually going on here it looks like there has been a paradigm change
+
+My thesis/opinion: Short sellers have been doubling down with the recent price increases. A combination of a high amount of short selling (as a percent of total volume) and lower liquidity is fueling the current price drop
+
+​
+
+[Data from the FINRA website](https://preview.redd.it/rcw6z3sc0xf61.png?width=518&format=png&auto=webp&s=5ff189db2a4d6483326048cb5aaff889097b54e6)
+
+**#3: Price changes in gamestop stock seem to be strategically timed with short interest reports**
+
+Every 15 days the SEC requires shorts sellers to report their positions. This information is then made public 7 days later. It just so happens that 1/29 was the reporting date for short interest (to be published 2/9). I've placed 4pm on 1/29 on a chart of gamestop below:
+
+​
+
+https://preview.redd.it/7wf4nfhg0xf61.png?width=1242&format=png&auto=webp&s=6dbefb85fe92c694ca2765112c8c64fdac48eac0
+
+My opinion: Short sellers want to give the impression that they closed their positions - so that we get paper hands. To do this they exited (or pretended to exit by substituting their positions for naked sold call options) leading up to the reporting deadline. Now they may have started to re-enter those positions
+
+**#4: Anecdotal evidence**
+
+4a: People have been posting screencaps to this subreddit that shows overwhelming good sentiment for gamestop stock. One of the things I've seen pop up on this sub lately is the total volume of buy/sell orders from retail brokerages. These have been skewing very positive still. If its not the retail investors selling, then it must be institutions either exiting long positions or starting new short positions
+
+4b: The diamond hands on WSB are real, and sentiment has been fairly positive (despite sub drama, and a massive price drop)
+
+4c: It appears there is a continued effort to spread disinformation and to keep the stock price down. Anyone seen those advertisements for silver lately? Why would someone go to all this effort if short positions have been exited?
+
+4d: S3 partners estimate of short interest (as of about 7pm on 2/4) is around 26MM shares (see below). This is down from the official short interest number on 1/15 of 61MM shares. If we truly underwent a short squeeze, would half of them still be here?
+
+https://preview.redd.it/f9j635jt0xf61.png?width=1206&format=png&auto=webp&s=a9581436ed635e04f42f0e261350d0a7963a18ba
+
+**#5: Interactive Brokers Short Interest Data on 2/5**
+
+On Friday (2/05) morning we experienced a big jump in gamestop's stock price (to around $82 by 10am). Around the same time the short share availability dropped over 1MM shares at interactive brokers for gamestop.
+
+[The first column is the borrowing cost, second column is number of shares available](https://preview.redd.it/vc38orqv1xf61.png?width=380&format=png&auto=webp&s=b9b86977a889343bd18c9b01d56d22ec6d33d01a)
+
+My Thesis: While short share availability can drop for a number of reasons (and there is no requirement to immediately sell borrowed shares) its my opinion that that someone borrowed a bunch of shares from interactive brokers and shorted the morning's spike which halted momentum in the stock price
+
+\_\_\_\_\_
+
+TLDR:
+
+My opinion: What we experienced the other day was a half baked short squeeze, the game isn't over and shorts are still playing. However, these shorts may have taken positions at higher prices and lower borrowing rates (see above screenshot) and therefore may be harder for gamestop to shake.
+
+​
+
+Big shoutout to the mods: Thanks u/swedish_chef_bork_x3 for helping me get this posted
+
+​
+
+Disclaimers and related positions I hold:
+
+This is not investment advice, please make sure to do your own due diligence before placing any trades. My opinions may be influenced or biased by my positions (listed below, each 20 contracts)
+
+Long 4/16 $25 GME Calls 🚀 🚀 🚀
+
+Long 4/16 $15 GME Calls 🚀 🚀 🚀
+
+Short 2/12 $50 GME Puts 🚀 🚀 🚀
+  Im 18 now and ive realized i know nothing about money. I am going to start working in a few months and want to know where to put my money. I am good at saving so i will be able to take advantage of long term saving accounts and stuff( i dont know of that's a thing.)
+   I just need a few tips on where to put my money when i get it. Thanks in advance!
+There are rules of thumb for how much emergency savings you should have based on your expenses, and for how much your mortgage should be, but what about a rule of thumb for preparing for home expenses? Like if the fridge dies or the roof has a problem or you suddenly encounter mold?
+Im a mid-twenties college drop out living on his parents couch that was producing an economic value of 0$ only positive thing was that I have zero debt. 
+
+I recently landed a 6 figure salary though, so my first is question is should I continue bumming it out for a year so I can save/invest?
+
+Im already planning on maxing out roth contribution, 25% into common stock, 5% for future contracts. 
+
+What else do you guys think I should do to maximize the situation I am currently in?
+
+Edit: Thanks everyone for the advice so far!! Ill respond to the rest after I leave the office aha!
+So I just got my B.A. & had a job interview today doing something I’d love, but the catch is that the pay is really bad. It’s in Georgia, and actually the average for my field, it’s about $23,900 a year. I am trying to figure out how to transition from college life with my parents helping me, to being completely independent. 
+
+I’m trying to make a budget and basically need to know if that salary is do-able in Georgia. But there are so many blocks that I don’t even know where to start. I know the type of insurance they offer (health, dental, & vision) but I don’t know how much it’ll be. I don’t understand if taxes come from that pay, or if they come out after I’ve put money into the 401k (they match what I put in up to 6%). I want to make a budget but there are just so many things I have to try to figure out but don’t know how things work and I need help knowing where to start. 
+
+My biggest issue is trying to navigate figuring out taxes and insurance. Rent, groceries, phone bill etc I can figure out pretty well, but I’m lost on everything else.
+My husband owes $30,000 on his 2019 Ford truck. His interest rate %5.19 with 78 months having 54 months left (2 years has already been paid so far) Is it a good idea to refinance with %2.50 interest rate for 48 months. Credit score is 798. Our payment will be $200 less but plan on making same payment on new lower interest loan. I hate vehicle payment because we always do the wrong thing. Or should we just leave things be?? Thanks for your help in advance.
+Legit question. I have the impression that this sub has suddenly stopped talking about tickers it would have sworn to be “millionaire-makers”, “bound for $$-land”. 
+
+Names like:
+
+SNPW
+CATV
+CBBT 
+PHIL
+SIML
+MITI
+SSFT
+PLUR/PLCKF
+PSTV
+BNGO 
+AITX
+TLSS
+TPII
+OCGN
+OZSC
+ATOS
+ATVK
+
+Are peoples memories really that short? Most of these names are at levels now they were originally before they became popular on this sub. This while little has changed in those companies, surely making them more attractive no? 
+
+Or are there other forces at play here in this sub, that determine what names become popular at certain points in time?
+Legit question. I have the impression that this sub has suddenly stopped talking about tickers it would have sworn to be “millionaire-makers”, “bound for $$-land”. 
+
+Names like:
+
+SNPW
+CATV
+CBBT 
+PHIL
+SIML
+MITI
+SSFT
+PLUR/PLCKF
+PSTV
+BNGO 
+AITX
+TLSS
+TPII
+OCGN
+OZSC
+ATOS
+ATVK
+
+Are peoples memories really that short? Most of these names are at levels now they were originally before they became popular on this sub. This while little has changed in those companies, surely making them more attractive no? 
+
+Or are there other forces at play here in this sub, that determine what names become popular at certain points in time?
+DWAC shot up from under $10 to over $60 today on news that it’s partnered with Trump for his social media platform (and is still running as of this post). This is just a PSA: if you’re thinking of trading this stock, please be careful! I don’t want to see anyone in this community fall victim to FOMO and chase this stock right down a cliff.
+I had a cash account at Schwab. 100% GME. I asked them if they had a PFOF arrangement with Citadel and they admitted that they did. So I initiated a transfer of all assets in Schwab to  my Vanguard account. When it arrived today, it listed my transferred shares as “margin”. I called Vanguard and they said that’s what Schwab said but they would list them as “cash account” starting tomorrow. I have never used margin in my life. I will never use Schwab again.
+
+Edit: thank you for the award.
+Edit 2: Thank you for all the awards. I hope my post prevents fuckery. HODL BUY and VOTE!
+Edit 3: many apes have replied that their transfers also showed up as “margin” for the first day or so and that changes to “cash account”. I can’t think of any justification but I appreciate the feedback and continue to hold Schwab sus for PFOF. Thank you apes!
+Edit 4: thank you anonymous donor for the Take My Power award!
+Edit 5: “margin” did disappear. But Schwab still sells order flow to Citadel ( PFOF = dirty player)
+Every now and then I call the companies I use just to see if there are any promotions or anything that can help me out.
+
+Just by doing this I've gotten credit line increases (I'm trying to raise my credit score like most of you I assume) and actually got bonuses on my cards. I also got a better phone plan.
+
+It takes maybe five minutes per company but worst case scenario you're exactly where you are now. Best case scenario though you get some sort of benefit but asking never hurts.
+
+For those of you with phone anxiety here's a example of what you should say.
+
+"Hey there I was wondering if there are any promotions I should know about. Or anyway in which you can help me out. Thank you so much!"
+
+Just remember to be polite. Best of luck! 
+Wife currently has a company car. She’s about to go on maternity for 12 months and has to return car for that period. We can’t car share with me and so she’ll need her own car. Is there a cost effective way to do this, we can buy a crappy used car but with the state of the economy they are expensive and overpriced. Is there a cost effective lease option or any other suggestion? We looked at salary sacrificing (edit: Novated lease) but that would cost about $12,000 and might as well get a loan and sell the car after we done. We will 100% need a second car where we live as public transport, Uber etc. is not an option.
+I (35yo, m) own a business that I bootstrapped with a friend up to $1MM in monthly recurring. We own the business 50/50 and it is netting around $200k/month right now.
+
+We have been building the business for 5 years and I am personally ready to move on from it. We currently have a small team of 7 people. My partner is still involved in the day to day operations from a marketing point of view but personally I am not. I am a bit torn on what to do with the business.
+
+Currently 95%+ of our net worth is tied up in it.
+
+My fatFire number is $3.5MM. There are a couple ways I think I can get there given this business and I am trying to decide on the route to take. Here are the options.
+
+**Sell it**
+
+We could sell the business and currently have a couple interested parties. We have received a couple offers for $7-8MM where it would be 60% cash upfront ($4.2-4.8MM) and then the other 40% on earn out. I won't go into details on the earn out because the offers are pretty similar. Essentially the earn out would happen over 1-2 years.
+
+Pros:
+
+* Diversify net worth
+* de-risk future cashflows
+* clean break to move on to something else
+* After taxes and fees (lawyer, legal) would get to around $2.5MM of my $3.5MM goal
+
+**Hold it and pull out the cash flows**
+
+We have historically invested back into the business 100% of our profits. We could just stop growing and start to pull out the cash from the business to diversify our net worth slowly while holding the business as part of our portfolios. In fact, this is sort of what we have been doing the last couple months. The team can run what we have built and it is pretty systemized. We would probably need to make one hire to replace my partner in marketing.
+
+Pros:
+
+* At the sale price and future cashflows that I think the business can generate we could see a IRR of 30% if we hold the business and either try and sell it down the road or just hold it long term. With the market being inflated right now I wouldn't be able to personally find this return on the cash from the sale
+* If our market holds steady, we could get to our $3.5MM number in 4 years while still owning the business. At this point, owning the business would be less risky because we would have our nest egg pulled out and invested away
+
+**Hold it and hire a CEO to execute on a larger vision**
+
+In this case we could hire someone with some experience in our space who would take the business to the next level. There is more we could do with the business but my partner and I just don't want to execute on the vision.
+
+Pros:
+
+* Could still pull out a portion of the cashflow but invest back into an asset we understand as board members
+* I think with the right person at the helm the business could be worth 10x what it is today
+* Still get to our $3.5MM number but might take 5+ years depending on how aggressive we get with the vision
+
+Cons
+
+* By holding it I wouldn't be as diversified and would be rolling the dice on the team along with the vision here
+* Stress in trusting my long term financial success to other people
+
+I currently have about $300k in investments (ETFs, crypto, equities, etc) and about $150k in equity in my home.
+
+What do you think I should do if I want to ensure I get to $3.5MM so I can fatFire?
+
+Edit: Space is e-commerce.  It is a marketplace but also sell subscriptions as well. 
+
+People say to me all the time that the restaurant business is easily the hardest type of business to be successful in but it’s something that I kinda want to get into.
+
+Anyone here care to share their success stories in their restaurant business ventures?
+
+1. What were average total revenues yearly?
+
+2. What was your total take home pay from those sales?
+
+3. What type of restaurant was it?
+Take a look at the Japanese Stock market (Nikkei 225)
+
+[https://finance.yahoo.com/quote/%5EN225/](https://finance.yahoo.com/quote/%5EN225/)
+
+In July of 1988 it was around 28000. Today it is around 22500 30 years later! 
+
+Could something like this happen to the S&P500?
+Like the title says, I have been at my company 10 years. They are restructuring my team and a bunch of us have been offered a severance package, or given a deadline to find a new role within the company within 2 months. I was a little shocked by the news but I understand this kind of thing happens in large companies.
+
+The severance for me would be in the low six figures. In order to qualify I need to stay at the company 2 more months, and can only start a new job after my termination date. I'm nervous about being unemployed and finding a new job because it has been 10 years since I have done that and I don't know how marketable my skills are. At the same time the severance package is attractive.
+
+I am confident I will be able to find a new role internally in my company, this is the safer option for sure.
+
+Other info: I am 35, currently single and renting, I have enough savings to potentially last me 5-6 years but I don't want to live off those for more than a month or two.
+
+I am curious what others would do in my position, or if anyone has been through a similar issue.
+
+EDIT: Wow this got way more comments than I expected. I read a bunch I will read them all. 
+
+A few more details as people are asking. I am in the US and the company is doing well overall but my particular team is just restructuring, there's dozens of folks impacted by this. We are getting some support for internal moves. 
+
+I am leaning towards taking the money as most people suggest. I'm VERY risk averse in life so the uncertainty scares me but I am definitely underpaid so could probably find a better job in the same industry. I am going to work on my CV the next few days and start applying to some places. 
+
+​
+My mother has a condo estimated at 1.1 million on zillow right now. In san diego, CA
+
+She bought it for 200k back in 1991, and husband passed away in 2015, where it was step up appraised at 600k.  Its been rented out for the last 12 years because we moved/ bought a new home, so its not a primary residence.
+
+From a tax perspective we are trying to figure out whats the best move for both of us.
+
+Im ready to purchase a house soon/move out. Should i buy it from her for 600k, then later sell it and move somewhere better with the profits. or should she sell it on public market and gift me some money to buy a house. Which route is better tax wise?
+
+if she sells it to me she gets the 600k tax free? then I can live in it for two years and sell it and get 250k tax free? then buy another home that I like better.
+
+shall she quick claim it to me?
+
+Any input appreciated, thanks!
+Hey all, I’m from the Czech Republic and almost everyone I know uses just Debit Cards, a lot of times, I see (mainly ppl from USA) use Credit Cards. 
+
+I wanted to ask why do you, US folks, use Credit Cards instead of Debit Cards. (A lot of times I read about CC Debt..) Is there a reason it’s better then DC or just why, it is more comfortable for you or? In my country it just works like you cam spend money you dont have and pay it later, which leads a lot of ppl into debt circle. 
+
+Thanks everyone! Just curious.
+
+“Excuse my English”
+We were able to get my wife and youngest son glasses, everyone a brand new pair of shoes, new clothes for upcoming reopening of school, A few good meals out, and even a brand new fridge! It went fast but was nice to get so much accomplished.
+I saw a post from yesterday where an 8 figure NW person was saying their NW was down some 30% from where they were last year, though they had a pretty diversified holdings.  Are others experiencing that?
+
+We are still nearly up 10% in total assets excluding the $250k we contributed which is sitting in cash.
+
+SP500 was $8m now $8m.
+
+BX was $1.5m now $2m
+
+Vacation properties held clear $4.8m now $6m
+
+PV of SERP was $3.9m now $4m
+
+Cash was $0, now $250k
+
+Total Last year: $18.2m, today $20.2m.  
+
+​
+
+It seems like unless you were concentrated in tech, the chances of being below last year are pretty slim.
+Which has been your favorite?
+
+Was it the cocaine interns?
+
+The March 10th 150$ drop on no news?
+
+The 1000s of forget gamestop articles?
+
+DFV saying "I am not ACAT" on the congressional minutes?
+
+The legendary citadel twitter meltdown?
+
+DFV quadrupling down?
+
+400,000 dollar orders appearing on the order books?
+
+Schwab calling holders, desperately trying to find shares?
+
+Watching the stress age Ken Griffin like old fruit in real time?
+
+Citron research explaining why we would be back to 20$ fast?
+
+The constantly changing float size on websites like yahoo finance, etc?
+
+Coordinated media narratives, like multiple different sources using the same words to disparage the dividend?
+
+888% short interest on etfs that contain gamestop (XRT)?
+
+Discovering how Boston Consulting group has been infiltrating companies and destroying them from the inside?
+
+Fidelity "Accidentally" incorrectly listing millions of shares of gamestop to short, and then when asked to explain themselves, they linked a marketwatch article with wetdirtkurt's butthole on it?
+
+Mark Cuban confirming our suspicions that they are well and truly fucked?
+
+Drone guy being forced into silence by the FBI?
+
+And so many more...
+
+​
+
+The list is endless. You would have to be a complete and utter fucking moron to not see the writing on the wall here. This play is literally unfuddable at this point. If you ever feel doubt just look backwards at all the shit that has already happened.. We are in the end game now.
+
+Edit: changed CIA to FBI
+
+https://www.reddit.com/r/Superstonk/comments/vozx0a/ken_brings_the_heat/iegi406/?context=3
+
+Call of duty vantage…. I downloaded it… on my Xbox 
+
+The fire at that fireproof warehouse
+
+That dude who tried to buy on a Sunday
+
+Shutting off the buy button…
+
+Nfa
+A couple of days ago, this poster here on r/fire mentioned [that his new "cushy" job changed his perspective](https://www.reddit.com/r/financialindependence/comments/8vd6s0/new_cushy_job_no_longer_want_to_fire/) so much that he wasn't that interested in RE anymore.
+
+He switched from a soul-crushing job which he hated to something that was much more easy going (even though it paid less).
+
+It made me think about the following concept:
+
+**How much of our happiness do we sacrifice by working?**
+
+Before the switch, this poster sacrificed a lot of his happiness for his job, and he was completely miserable because of it. Reading from his post, no salary would be able to justify that huge sacrifice. So he switched.
+
+Now he has a job that's still slightly boring, but the happiness sacrifice is far less and it seems from his post that he's much happier since he made the switch.
+
+I have been VERY intrigued by this concept of happiness vs. work/salary. That's why I wanted to start a discussion here.
+
+I have opened Microsoft paint and created [this graph to help get the ball rolling](https://imgur.com/a/74gQ3sL).
+
+To use the same example as before, the old job of the previous reddit post was probably far above the linear line: Yes, it may have earned more, but (s)he was suffering every day because of that old job. His/her new job is in much better territory, despite paying less. (correct me if I'm wrong, u/ispace888 ! ;-))
+
+I want to ask all of you to determine where your current job is located on this chart. And as a follow-up, I'd like to ask how strongly you are pursuing FIRE. I bet the people who are in the red area on this chart are trying to reach FIRE much quicker, and thus have a higher saving rate.
+
+**As for me:**
+
+I've been pretty happy at my work over the last 3.5 years. Being the engineer that I am, I have gone ahead and [analysed just how happy I am at work in this essay](https://www.trackinghappiness.com/happy-at-work/). **TLDRL:** My work can be quite boring, stressful and intensive at times, but overall, I know that the impact on my happiness is not that big (0.12 points). This is why I am actually pretty happy with my job and salary. As a result, I'm not saving as aggresively as some others here are. Yes, I'm still frugal and aiming to become financially independent, but I'm not aggresively saving towards early retirement (or at least not yet!).
+
+I would love to start a discussion here on this topic, and see where the r/fire community is located on this happiness-sacrifice vs. salary chart. Hell, it'd be amazing if we could create a big community-filled scatter chart with each and every one of your jobs, but I guess that's just me being a dreamer ;-)
+
+What do you think?
+
+Update: Thanks r/fire for the MANY insights, anecdotes and stories. With a bit of effort, I might actually be able to create that scatter after all. Keep the data points coming :D
+
+Update: I'm going to try and realize this scatter chart of mine, hopefully this will work :)
+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!
+We are financially well off and live in another state, and while we would like to help his sister move into her own place (with her two sons), I want to do my due diligence and figure out all of the possible risks that would go into him signing this year long lease. Aside from being responsible for all of the rent and any late payments, are there others larger liabilities to consider…? For example if a friend of her son’s is somehow injured in the property could the family sue us for medical bills? 
+
+We have our own large umbrella insurance policy for our own family, would this come into play? Weighing the pros and cons and would love to hear anyone’s advice. I did cross post the question to the legal advice sub as well. Thanks!
+
+**** Edit to add that I have fully convinced my husband to not co sign any sort of lease… too much risk. We are still deciding on how/whether to help, and I appreciate everyone’s responses and questions because they brought up some interesting points that I don’t have immediate answers too (like why can’t she prove her monthly income with bank account records, etc). The saga continues, but we will stay off record/off paperwork. Thanks again!!
+I’ve been doing really well and I feel like sharing my thoughts for anyone interested. These are the things I wish I had known which would have saved me a lot of setbacks.
+
+Ignore the charts. Don’t even look at them when making a decision. Regardless of what anyone says. A chart will only tell you what has happened so far. It will never tell you what will happen next. There is one exception to this I have found but I will bring that up at the very end of this post.
+
+Use critical thinking for any single piece of information you read about a company or the market. Who published it and why? I haven’t yet found (and probably never will find) a single news article or post with neutral information on a company. And it’s never going to happen. In the stock market there are many different players and they all have different motives. Don’t trust what a Reddit investor tells you. But also don’t trust what CNN or CNBC tell you. There is something called “bias” and you have to be able to adjust the weight you give to any information you receive based on how biased the information is or might be. Any time you get information check multiple sources. Never rely on one single source. Or even one single type of source. If you only trust major news outlets you will be mislead or worse be behind the curve. If you only trust what investing forums say you are likely to run into people who are bagholding and trying to pump the stock to be able to dump it for a higher price before it keeps tanking. The truth is somewhere in the middle. Do your own research and don’t hesitate to use Google’s “past 24 hour” search filter to make sure you’re getting the latest information.
+
+Stay open to criticism. If you have a good idea but someone knows better, it’s not just a learning experience but it can save you from losing your money. However, only take criticism seriously if someone can properly articulate their point and isn’t just spouting catchphrases or being an asshole.
+
+Dollar cost averaging. It’s better to make several buys into a stock than one giant buy. It’s impossible to perfectly time the market. But you will almost always get a better entry point by averaging than by throwing down all the chips on the first move.
+
+Always do your own due diligence. If you can’t write a thesis explaining why you’re making an investment (that’s not only convincing but free of confirmation bias) then you probably shouldn’t invest. Don’t just research the company, research the market the company is in. If the company is poised to do well and corner the market but there isn’t much of a market in general then there is no future for the company. In addition, research the “target audience” not for the company but for the shares themselves. What type of investors are buying shares? Are they the opportunistic kind? Are they buying just for a quick profit to scalp before they dump the stock into oblivion, or are they buying because they see a future for the company and plan a long term hold? This can be true of institutional investors as well as retail. It’s a better sign (for now anyway) when a happy whale like Cathie buys shares banking on the future of a company than if a super-predator like Chamath is buying them for a quick flip. Always keep other investors in mind when you make a decision. Investors are the consumer that drives the price of a share.
+
+Buy the dip but only if you have a good reason to! Don’t blindly buy every dip. I see that pushed too often on Reddit. Buying a dip is good if a company is on an upwards trend and the dip occurred randomly. Do NOT buy the dip if it’s part of a larger downtrend or if it’s possibly due to an overall change in sentiment. Worst case scenario you will multiply your loss and best case scenario you will tie up further capital on a loser which results in decreased ammunition if you suddenly find a winner. Your $500 you could have used to buy a gainer will now be $300 you can use to buy another stock.
+
+Don’t ever hesitate to cut your losses. If a company is in a downwards trend and it looks like they will be for a while (and there is no catalyst around the corner) cut the loss. Put your money in a better place. But keep watching the ticker. You can always buy back in when the sentiment turns positive. Keep a watchlist of stocks that look promising but don’t make it so big that you lose oversight and don’t make it so small that you’re missing too many opportunities.
+
+Gauge your performance by your method and not by your gains and losses. If you’re up 100%, be honest with yourself. Are you up because you got lucky or because you have a solid strategy? If you’re down 40%, was it because of unpredictable factors or was it your own fault because you bought due to fear of missing out which clouded your thinking? Never beat yourself up. Learn from every move you make. Remember it’s impossible to perfectly time anything. If you sold and secured a 10% gain but it could have been 15%, that’s normal. You’re never going to catch the top of a spike or the bottom of a dip. That’s like waiting in the ocean for the perfect wave. It won’t happen and you’ll drown unless you’ve learned to surf when the wave gets to you. Same with buying. Most of the time when you buy, the stock will move down. I’ve lost a small percentage at the start of almost all my well planned and well timed moves. I kept holding and the losses turned into significant gains.
+
+Manage risk and reward. The higher the risk, the lower percentage of your profile you should put into it. Be psychologically prepared to lose everything. The more you’re willing to live with that possibility, the more you’re going to be able to keep a cool mind when taking a calculated risk.
+
+Never stop learning. The more you know, the more of an edge you have. Get in the habit of reading several articles per day. Focus on your existing investments so you can learn how what type of news affects the markets in which ways.
+
+Never stop looking for opportunities. They don’t come to you. You have to find them like a needle in a haystack or a diamond in the rough. You’ll get much better at finding them with time. If you don’t get good at looking for opportunities and evaluating them then you won’t have any opportunities.
+
+Never buy in to hype. The more hyped a stock is, the more likely it is that it will tank later. Even if you find a promising company for a good long term investment, wait until the hype dies down and the share price goes down. Otherwise you’ll start your investment with a slow and steady loss.
+
+Shares are priced based on supply and demand. There are bids and there are asks. The higher the demand is on shares the higher the bids will be. The lower the demand is on a share the lower the bids will be. What this means is that when there is more buying pressure than selling pressure the cost of a share goes up. When there is more selling pressure than buying pressure the cost of a share goes down. In fact, that is all a chart will really tell you. Think of a chart as a historical look at past buying and selling pressure. Nothing more and nothing less. The price direction is determined only by buying and selling pressure.
+
+The value of a share is subjective. You can run any equation you want to but there is no equation which links any of the variables of a company to the price of a share. There are many different ways to “value” stocks. DDM, DCF, price to earnings, price to book, enterprise value to EBIDTA, Technicals...and they all mean nothing. Why? Because the value of a share is what people are willing to pay for it. A stock is no different than a consumer good. Take, for example, iPhone. If you compare the iPhone 12 to android phones with similar specs the iPhone 12 price tag more than doubles some lesser known brands with the same specs. But people are willing to pay more for the iPhone. So the iPhone costs more. The value of a share is the same. If people are willing to pay more for a share of a company then those shares will cost more even if there is no mathematically verifiable reason.
+
+There is no formula based on the specs of a phone which will predict what the retail cost of the device will be. Just like there is no formula which will take any company metrics into account and determine the price of a share.
+
+Stocks go up and stocks go down. Everyone hates red days. But they’re normal and they’re not a sign you’re doing something wrong. They mostly move when there are catalysts that have either positive or negative effects on sentiment. The rest of the time they will trade sideways or slightly downwards. As long as the slope isn’t steep and there have been no bad news about the company having a red day is fine. In fact if a stock was only green all the time I would probably sell it because that could be a good sign it’s in a bubble and bubbles are known for bursting.
+
+The biggest gains and losses in the market are driven by the biggest changes in investor sentiment. And investor sentiment isn’t rational. It’s irrational. For example there could be some slight bad news about a company which will have no bearing on the bottom line (for example a brief delay in a crucial step) which hits a nerve and causes an emotional overreaction which causes the stock to tank. Or there could be some neutral news about a company which investors mistakenly perceive as positive causing the stock to skyrocket.
+
+Catalysts don’t matter. People’s reactions to the catalysts matter. If you look into a company that has upcoming catalysts, don’t focus on how the catalysts will effect the bottom line for the company. Focus on how the catalysts will impact investor sentiment. For example, if a company decides to increase the cost of a pharmaceutical product and they are now going to make 12 billion more dollars over the next 5 years, that’s great for the company. But if people are upset and there is bad publicity like “My mother died because she couldn’t afford her diabetes medication after the price hike.” then the value of a share will go down.
+
+The biggest gains are in speculative investing but they also carry the highest risk. The reason that speculation has the biggest potential for gains is strictly due to human psychology. Investors are going to be a lot more fearful to invest in a company which isn’t generating revenue or where the future of a company has no proven results to back it up. Even if that company is going to cure cancer. But that’s also why there is the potential for a huge reward. If you can find a company investors are fearful to invest in now and you have enough data about the company to conclude that they are going to be successful, then you can actually turn a speculation into a somewhat more secure investment. 
+
+For example, if a company announces that they found a cure for alzheimer’s. And you just happen to be a neuroscientist. If you understand the science and you instantly realize that they have a disruptive breakthrough, you can now use that to your advantage. You can invest in the company now with the knowledge that the science is solid. This gives you an edge. You know that you know the company will be a success. But you also know that anyone who isn’t a neuroscientist will have little faith in the company. As a result, you have now found a company which is setup for a massive change in sentiment. So you buy 10,000 shares for $0.03. Eventually, the company moves through to phase 3 clinical trials and the product gets approved. The news headlines hit that a company cured alzheimers. Now the shares you bought for $0.03 are suddenly worth $15. Your degree in neuroscience just paid off better than your actual day job as a neuroscientist. As the stock keeps trending upwards the $300 you spent is now $150,000. This gain is mostly attributable to using your existing knowledge to get ahead of a pivot in investor sentiment.
+
+Use what you know. Just like the example above. Everyone has areas they are more or less knowledgeable about. If you know a lot about technology, focus on technology stocks. If you are a geologist, focus on mining stocks. Anyone can have an advantage. Even if you’re working at a deadbeat job and you get a free sample for an air freshener that finally actually gets rid of the smell of stale cigarettes in your well used car, invest in that air freshener. Any single piece of knowledge you have about any single thing can be used to your advantage to make a trade.
+
+Which company evaluations actually do matter? Is the company going to be able to survive? That’s the main thing I’ve been looking at with my speculations. A company could have come out with a technological breakthrough. But do they have the funding or an existing revenue stream to carry it out? Are they going to be consumed by debt and implode or are they getting funding in one way or another? Another important one is if another company will buy them out. If a company has mediocre performance and is going to be bought out by Microsoft that can be great for your investment. But if a company has a breakthrough, doesn’t have the resources to commercialize it themselves and has to give in to the highest bidder for a buyout then the upside to your investment is going to be a lot more limited.
+
+Those are really the only company metrics I’m focused on.
+
+Stay up to date on your investments. Don’t just look at your portfolio once a month and complain about it going up or down. Is your chart going up? Find out why. Is your chart going down? Find out why.
+
+Stay ahead of the news! If it’s 5am and you have to get up for work, get in the habit of quickly checking the news on your tickers so that you can stay on top of any changes. The sooner you know bad news came out the more likely it is you will be able to hit the sell button before anyone else does. If you have tickers you’re watching, try to buy in the moment there is good news or in advance of the good news. Especially if the sentiment is positive.
+
+Be careful with stop losses. If you don’t know what a stop loss is, it basically means that you have set up your purchase so that your broker will sell your shares for you if they dip below a certain amount. They can be great for risk management but they can also screw you over. If you bought a company for $10 and you have a stop loss at $8 you won’t be happy when it dips to $7.50 before shooting up to $20. Because now your stop loss actually worked against you. You lost a +100% gain and you secured a loss. Another time stop losses can be unhelpful is if your stock is trading on a foreign exchange as well. For example, if you have a stock on the NASDAQ trading for $10 and a stop loss for $9 but it also trades on a European exchange. It the stock closes at $10 but tanks overnight and trading opens at $5 on the NASDAQ, your stop loss will have done nothing. Even worse, it’s possible your stop loss won’t be triggered at all now because the system won’t pull the trigger while the price of the shares continues to drop.
+
+Market buys, market sells, limit buys and limit sells. I see a lot of confusion about this online and quite a few people get limit orders mixed up with the bid-ask spread. Small fish investors like retail have nothing to do with the bid-ask spread. When you place a market buy order through your broker you are agreeing to purchase a set number of shares at the current market price. I never use market orders. Why? Because if you execute a market buy or a market sell and the price of the security changes rapidly it won’t fill at all. And in order to cancel it and place a new order you first have to find it, then cancel it and then place a new order. I always use limit orders. If I’m buying shares and the cost looks like it’s on an upwards trend I will always place a limit buy for a price quite a bit higher than the current market value. Some people seem to think you won’t get the best price possible that way but this is wrong. If a stock is trading for $8 and you put in a limit buy for $8.50 but the stock only goes up to $8.10 your broker will fill it at $8.10. If I’m buying shares and the cost of the security looks like it’s currently on a downwards trend I will place a limit buy just a bit above what I think it will drop down to. That way I don’t have to stare at the chart all day and I can check throughout the day and place a new order if the direction changed and it didn’t fall below that point yet. As far as selling goes I will always place limit orders as well to guarantee the trade goes through instead of putting faith in a lack of volatility and risking the sell not going through. If the stock is going down I will place a limit sell for a lower price. If the stock is going up I will place a limit sell for a higher price. I won’t make them too much higher or too much lower though because this is the opposite of buying and I don’t want the stock to get stuck to my hands when I’m trying to dump it.
+
+Since investor sentiment drives the price of shares, wouldn’t it be nice if there was a single quick way to gauge the current investor sentiment towards a company? As it turns out, you can! And you can do it really quickly by eyeballing a chart even if you don’t have a clue what you’re doing. Here’s how. Take a look at the chart. Focus on points in the chart where there have been sudden upwards and sudden downwards movements. And look at what happens following those movements.
+
+If the stock dropped 12% due to some bad news, what happens next? Does it stay down or does it climb back up? The quicker it climbs back up out of a dip, the more positive investor sentiment is.
+
+If the stock jumped up 12% due to some good news, what happens next? Does it stay up and slowly keep rising or does it tank back down to levels even lower than before the spike? The quicker it drops back down after a spike, the more negative investor sentiment is.
+
+Keep in mind though that investor sentiment can change and just because there has been overall positive or negative sentiment in the past does not mean that the sentiment will continue. Check news for any updates on the company. Make sure nothing is in the works that could cause the sentiment to change to the negative when you are buying in. Check stock message boards. Check financial news. Use your brokers news feed, they are often quicker to the punch.
+
+It’s definitely more profitable to buy something that has overall positive sentiment.
+
+Edit: I will add, don’t ever be afraid to re-evaluate your strategy. If it isn’t working there’s a good chance it will keep not working. It’s better to try something new than to watch your portfolio slowly erode while you have plenty of time to research and make new moves.
+Same question to the SEC.
+
+There's only one reason to remove cellar boxed bankrupted companies from retail access to the "expert market".
+
+These people and organizations are complicit in a coverup of mass counterfeiting of shares.
+
+They turned off the buy button in exchange for not making all brokers have to pay their customers.
+
+Then they made certain companies **Position Close Only**.
+
+They discussed this in broad daylight in a congressional hearing.  They publish their NSCC margin rules as though nobody is going to make sense of it.
+
+It should make everybody's blood boil.  This was a crime.
+I’m 30 and I’ve got a little bit more then 4k in my 401. I’ve also got a Roth with about 4300 in it. At my current job I’m contributing 3% (down from 12%) and my employer matches. So it’s actually 6%. But I’m only working part time hours so paycheck have never been over $700 or $800. Is this too low of an amount for my age?
+Hi all, 
+
+I was hoping to get some ACCC~like advice.
+
+I booked an airbnb Feb2021, for a family get together Easter April2022, buuuuut its gonna to shit here in Adelaide. My family doesn't want to come to our Covid cooking city, and understandable, they are in currently safe country towns.
+
+But my booking did have a disclaimer, 50% refund only after 48hrs of booking. It's now Dec2021, well past Feb2021 when I booked.
+
+But I can't be carefree about accepting those conditions and losing $2000+, as the situation has changed, so much that my family doesn't want to come to Adelaide due to covid risk.
+
+So is there anything that can help me get my full refund back - especially knowing the Easter dates we are letting go of will get snapped back up as soon as we cancel our booking?
+(So the site will make a free $2000+ for my family wanting to avoid getting covid so much that they are willing to cancel a family event)
+
+Cheers
+
+Edit: 
+I have just read Australian Consumer Law - Travel and Accommodation. And they say "*Generally, a fair deposit should not be more than 10 per cent of the total cost of the accommodation or service booked, unless your potential loss or inconvenience justifies a higher amount. Otherwise, such a higher amount may be seen as a pre-payment. Pre-payments are refundable, minus any actual or reasonable costs you may have incurred before the booking was cancelled.*" so in that regard I guess I'm more willing to part with $400.
+
+Edit: For those playing at home, I messaged AirBnB/Host a few minutes before posting here, more as a questions and plea - and today they have fully refunded me straight away, not asking for anything in return or with disagreement/grumble. Payment to be received in a few days.
+Just before covid, my company started two new policies. 1. Everyone who lives within 70km of an office must go to work every day
+2. Let's start hiring in cheaper overseas countries
+
+Once the virus hit, they put the first policy on hold.
+
+We all started training oversees IT support workers. More and more over the last year. Little did we know we were training our replacements.
+
+I still have my job, but many of my colleagues were laid off already. My oversees counterpart just finished his training this month.
+
+I expect this will become the norm in other companies too. My understanding is they cost 1/2 or 1/3 of an Aussie.
+
+I hope that the government steps in, taxing either the companies or the oversees workers, who are basically importing a service, tax free.
+
+Otherwise I expect there will be an IT brain drain, like when we moved all car manufacturing and a lot of electronics manufacturing overseas.
+Global stocks are now worth $111 trillion, a fresh all time high.
+
+Global stocks have gained $1.5tn this week and hit fresh ATH. Global stocks now worth $111tn, highest value in history. Last week's gains sound rather bullish from a technical perspective. US and International stocks perform well (with the exception of China) while both growth and value sectors led gains. US small caps lagged, however. 
+
+https://www.flowbank.com/hubfs/new%20ATH%20111%20trillion.png
+As the title says. I did my taxes, very simple on-line and had to pay $1200. No issue. Paid when filed. All paid up. Then I remembered about the car rebate. Fuck!  Went online to find the forms and it’s confusing as hell. I know we have to file a amended 1040 plus a few other forms. The IRS website is confusing and the rules are confusing, help please. If done correctly, I should get the $1200 back plus most if not all of the rebate in one shot. Thank you in advance. 
+
+I’ll have a double cheeseburger, medium fry with Vanilla Shake please.
+
+Edit:  Thank you all for great advice
+Hi guys,
+
+I am fucking jacked to the tits or... Jacques le Tits.
+
+With all the recent things regarding the Yahoo float sudden increase, I just started to think about something.
+
+I am French, and France has a very very very small ownership. According to various Bloomberg terminals you can see that the **ownership of GME in France is between 0.02% and 0.03%.**
+
+[Bloomberg terminal shared yesterday on SuperStonk](https://preview.redd.it/z9x4g6p6mum71.png?width=1917&format=png&auto=webp&s=dce910366fa6db47d22b9ecccd348e9ed68d2638)
+
+That's ridiculously low indeed. GameStop is unknown in here (we have Micromania). And the GameStop saga is clearly not as well known as in English speaking countries.
+
+At the same time, I have very large position in the 5 digits shares. I know, no position and such. But it's for the good cause.
+
+Myself, friends, family (people where I know the exact position and screenshots) have a **total of 42K shares** spread on different accounts  on French banks directly.
+
+A very large chunk of those securities are detained by companies I own or friends do own. In France/Europe we have something called an LEI number. It's REALLY strictly enforced, you really can't buy on an open market with a bank without an LEI number. It's used to trace all transactions, money laundering, etc... So a large chunk of those shares are even more linked on the "France ownership" than you could imagine ... which would not be the case with mainstream brokers.
+
+Actually, I know other people holding as a person (myself included) on Revolut, or Degiro but I have excluded voluntarily those to avoid a mix in ownership countries (Degiro = NL, Revolut = UK, etc..). I only took the numbers from French banks. I wanted less shares, but more precise ownership shares to avoid any false hope.
+
+**If you take the "official" float of 70M and you take 0.02% \~ 0.03% ownership in France**
+
+We should have a total between **14K or 21K shares for France only.**
+
+If I can account with my own eyes, my own friends and family, 42K shares strictly owned in France.... that's at least between **200% to 300% more than expected. Actually, if I take into account shares I can witness with European brokers (revolut/degiro) or without a strict ownership, we are already near 500%.**
+
+My tits started to get really erected... but now think about it... France is not small country. Yes, GME is not really well known, indeed.... but we are a country of a 65M people.
+
+If I account 42K shares with like a dozen people I can trust or I have proof...  imagine that there are least one thousand at least people invested GME. I try to be really conservative in here.
+
+I am sure there at least a few hundred French apes just on SuperStonk only.
+
+**The real float is probably in the 1000%+ if you take into account the whole French population, that's the beauty of a large country with a very small ownership percentage.**
+
+**We can get amazing results. I am sure we can do the same calculation with our German apes  for example. The ownership is low, if you have a few strong shareholders you know, you will end up with the same calculation.**
+
+EDIT : Added bloomberg terminal as proof.
+
+EDIT2 : Added LEI number / institution clarification to explain how precise I tried to be.
+
+EDIT3 : One interesting comment said that Bloomberg is only scraping from 13F filings. The user (/u/semerien) may be right. Just to clarify and avoid spreading FUD : we are not at all an US institution. We have absolutely no link with the US. But we are required to have a LEI number in Europe to identify us, and we also have to file a beneficiary form each time we do a trade to identify us and to avoid double taxation between France and US (because US are taking the tax directly at the source).
+
+The form we need to comply with is called "W8-BEN" and it's being sent to the IRS by the bank. Maybe Bloomberg is using that tool ? Maybe the banks are filing more things for us to comply with US regulations ? I am digging that part. Don't want to spread FUD by accident.
+How do you think it will impact the industry, specifically? And by industry I'm referring to equity/debt financing, Market making, institutional investing, PE--basically everything except corporate finance.
+https://www.cnbc.com/2019/07/23/ford-smacks-back-at-tesla-with-new-ev-pickup-claim.html
+
+Ford released a video of an all-electric F-150 pickup prototype truck towing 1.25 million pounds of double-decker rail cars carrying 42 F-150 pickups.
+
+The weight in the video is roughly four times more than the 300,000 pounds Tesla CEO Elon Musk tweeted Tesla’s pickup would be capable of towing.
+
+Ford’s all-electric pickup is still expected to be years away, however buzz around EV pickups has increased as non-traditional automakers such as Tesla and Amazon-backed Rivian prepare to enter the segment.
+# Kicking the Can – FED STYLE
+
+Thanks to /u/nat2035 for the write-up. I'm posting on his behalf as he lacks the karma to post.
+
+Hello fellow Apes,
+
+this is my first little "DD“, I am not a native speaker / Europoor so please forgive my language barrier. I also can’t post on SuperStonk because of Karma restrictions so thank you for uploading u/dreadfulol. Also I eat crayons for a living so this isn'T Financial Advice or anything.
+
+I was listening to the good old JPOW going on about inflation and other really really boring things like inflation expectations, MBS purchases and other nonchalant FED business when I started thinking….
+
+So why in the hell would a central bank / FED, that is currently hitting its inflation targets AND projecting future inflation to rise (PPI 12Months coming in at 5.3%)¹  want to keep on buying the treasuries (that are needed by Banks because of the new collateral quality requirements) AND start buying **at least 40B MBS** every month until “…until substantial further progress has been made toward the Committee’s maximum employment and price stability goals….”² ?
+
+What the FED is basically saying, is that its current level of quantitative easing (QE) isn’t working and they need to buy more assets/treasuries ergo introduce more liquidity into the market for better achieving the goal of price stability (aka inflation) and maximum employment.This FED- view is contrary to the emergence of new data (as expressed by a Bloomberg journalist in the QA at minute 54:40)³  which is contradicting the current FED-thesis (that the inflation bumps are transistory/temporary and that the FED framework which was of course defended vigorously by JPOW is underestimating real inflation concerns and the rising expected inflation projections) and also turning a blind eye to the systemic risk of too much liquidity in the market.
+
+So why would the FED do this, knowingly accepting higher inflation while simultaneously further increasing liquidity, accelerating the growth of the asset price bubble and therefore elevating the overall risk in the markets?
+
+Here is my take;
+
+1. **Not tapering and introducing more liquidity**Decreasing QE would have tapering effect on the US economy and credit availability, but more importantly would have caused rising interest rates for RMBS and CMBS (residential and commercial mortgage backed securities) as well as further increased the variable interest rates for ABS (Asset backed securities like car loans etc.)We all know that delinquencies on credit loans, mortgages and commercial real estate have skyrocketed during the pandemic but where statistically cancelled out by various executive orders. In their thinking if you are insolvent but you don’t have to declare insolvency due to an executive order you are not really insolvent y’a know \*nudge nudge\* See the following chart for better context:
+
+​
+
+[Delinquency Rates over time](https://preview.redd.it/9a6xbkp8et571.png?width=1173&format=png&auto=webp&s=9284ea04449d57424e08b2a83778d402a6b3833a)
+
+So the statistic looks really good, although, in reality, you are about to witness a MAJOR correction in delinquency rates, Non-performing loans, etc. ⁴
+
+2. **Increasing Asset Purchases especially new MBS Purchases**Looking at the MBS purchases2, do you remember the DD from some weeks back (can’t find the link), where it basically stated that commercial banks were inflating the income values of the applicants/business so that their revenues, risk KPIs, etc. looked a lot better than they actually were?Combine that with the regulation that all the dog-shit MBS/ABS could not be used as collateral anymore and the banks start having a **huge** problem in their balance sheet equation. They can’t get rid of these loans like they used to at face value, they are not priced correctly (overreporting good revenues/income leads to a lower risk premium paid on the interest side and higher ratings from S&P, Moodys) and inflation is slowly but surely crippling the asset side of these commercial banks and thus causing real losses to their balance sheets.
+
+Well, in comes the FED and starts buying up these shitty loans which then leads to
+
+a) A constant demand surge in MBS purchases so that the banks’ balance sheets remain balanced and nice and orderly
+
+b) Higher prices of these assets in general on the balance sheet of the banks (helps them out a lot)
+
+c) The full absorption of the incoming inevitable losses of these loans due to inflation being higher than the risk-premium adjusted interest rate being paid on these MBS
+
+This basically is a transfer of real incoming losses from the banks balance sheets to the FEDs balance sheet therefore protecting bank profits while monetizing MBS losses through the printing press ergo higher inflation.In Germany we have a saying that goes like this: “For Banks, profits are privatized, while losses are shared with the public”
+
+Also they have stated that “…Increase holdings of Treasury securities and agency MBS by additional amounts and purchase agency commercial mortgage-backed securities (CMBS) as needed to sustain smooth functioning of markets for these securities.” They are giving themselves a blank-check for buying CMBS if say, I dunno the CMBS market starts taking a major dive due to…hmmm inflation and delinquencies maybe??? I wonder who would profit from those purchases \*Stares at Goldman, JP and Co\*
+
+3. **RRPs and SpEcIaL Purchases** aka “We will crush you with more money than you can fathom”So the FED is continuing to do the overnight RePos and Reverse RePos, no surprise here, but the fine print actually says something **WAY** more disturbing:
+
+“Conduct overnight reverse repurchase agreement operations at an offering rate of 0.05 percent and with a per-counterparty limit of $80 billion per day; **the per-counterparty limit can be temporarily increased at the discretion of the Chair.**”² So our belief that once the RRPs hit 80B per counterparty would stop the can-kicking just flew out of the window. Also please keep in mind, that the 80B were already a **166% increase** from the 30B that it was prior to the change. So the FED is basically saying, if you need Cash **or** Collateral, I got you Fam ;)
+
+Now what does all this mean in the grand scheme of things and especially for GME:
+
+1. The FED under no circumstances wants any blame landing at its door for a “slowing” of the economy. Not from inflation, liquidity problems, bank balance sheets being fucked up or any bad thing. They are the fairy godmother for all wishes (more liquidity, dog-shit MBS transfers, accounting bullshit bingo, whatever you banks want/need I will facilitate).
+2. The FED also realizes that inflation is here to stay, but can’t say so and do anything about it without setting off a “taper-tantrum” ⁵ and risking the economy. So they shut their eyes, ears and mouth and pretend everything is OK
+
+​
+
+[IMHO this is an accurate description of the FED, SEC, DTCC, OTC...](https://preview.redd.it/h9lle11det571.png?width=700&format=png&auto=webp&s=dda67da06d5442f7e3629c0c13dd15014e8e0807)
+
+3. They are actively encouraging the banks to keep on can-kicking this issue until some external event (Archegos anyone?) sets off this bomb and they can convincingly say “If Hedgefunds lie on their short sales aka marking them long, increase their exposure and leverage to unsustainable levels etc. it can’t be our fault! We tried everything to mitigate the risks.”
+
+4. Inflation **will** be the reason for this default event and then setting this thing off into Andromeda. Somewhere in the system, some bank/hedgie/family office will suffer losses from one of their other positions/bets that are too great to recover from and default, kicking the MOASS off.I am **also 100% sure** it WILL not be a SHF going bankrupt because of GME, but more likely a non-event (some numbers going against the predictions, profits plunging, default of a mortgage lender, something like that) that in itself is a small thing, but is the last straw that breaks the camel’s back.I am sure Citadel, JP Morgan, Goldman, DTCC, OCC, and all others have their eyes pierced on their “Bankruptcy Jackpot” Short Bets and the huge short exposure these entail, so that the focus on other issues may be obfuscated.
+
+Also, inflation is the only event in the financial sector that basically scares everyone. Fixed Income values decrease because the real value of the nominal amount decreases and the paid interest is worth less. Stocks go down because of the discounted future earnings decrease due to a higher discount factor. Interest rates rise, so that leverage and credit get more expensive.
+
+**For GME:**
+
+In order for this MOASS to start we need to HODL, Buy more shares and buy more from GME. Q2 numbers need to be at least the Q1 numbers so that no one can say "Well, Q1 was just a lucky break, but now it’s all over!"
+
+The fundamentals are there but we are literally fighting every single rich MoFo out there + the institutions that were supposed to protect the common folk (Congress, SEC just to name a few) as well as truly evil human beings, that thrive on human suffering and have no problem with sacrificing thousands if not millions of people (2008 crisis, the great depression) as long as they have their mansions, yachts and private jets!
+
+Stand together, HoDl Fast and Stay excellent
+
+TL;DR: The FED is actively kicking the can down the road for the banks by providing more collateral, liquidity and safety nets (new MBS purchases). They know the MOASS is near, so they rather risk having very high inflation and neglecting their main reason for existing (price stability and maximum employment) than being responsible for a tapering event that would slow down/ stop the music in the greatest leverage and credit binge in history!
+
+PS: A big shout out to everyone that made this DD possible, namely:
+
+[u/dreadfulol](https://www.reddit.com/u/dreadfulol/) for the most awesomest of youtube streams every day. Brad you are exactly the type of person this world needs more of!
+
+[u/-TheFisherman-](https://www.reddit.com/u/-TheFisherman-/) for his encouragement for making this DD
+
+[u/AbleHunter](https://www.reddit.com/u/AbleHunter/) for spell-checking and spit-balling theories
+
+[u/rini](https://www.reddit.com/u/rini/) for whale calling during troubled times and increasing the stock
+
+Thank you all for making this journey so incredible and for all of you Apes carrying the torch of enlightenment!
+
+Sources:
+
+1 [https://www.bls.gov/news.release/pdf/ppi.pdf](https://www.bls.gov/news.release/pdf/ppi.pdf)
+
+2 [https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf](https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf)
+
+3 [https://www.federalreserve.gov/monetarypolicy/fomcpresconf20210616.htm](https://www.federalreserve.gov/monetarypolicy/fomcpresconf20210616.htm)
+
+4[https://fred.stlouisfed.org/graph/?id=DRSFRMACBS,DRCRELEXFACBS,DRCCLT100S,DRCCLACBS,DRCLACBS,DRALACBS](https://fred.stlouisfed.org/graph/?id=DRSFRMACBS,DRCRELEXFACBS,DRCCLT100S,DRCCLACBS,DRCLACBS,DRALACBS),
+
+5 [https://www.investopedia.com/terms/t/taper-tantrum.asp](https://www.investopedia.com/terms/t/taper-tantrum.asp)
+Guten Morgen to this global band of Apes! 👋🦍
+
+It is a daunting task to write today after a weekend filled with such a large number of events.
+Of course, the largest of these is the news that Credit Suisse is on the brink of collapse.
+We've been watching this bank for the past two years, wondering when its incredibly risky behavior with swaps would finally be its downfall.
+As they attempt to try to assure their shareholders and clients that they are solvent, it is becoming increasingly clear that they are not.
+When Credit Suisse fails, which may be as soon as *today*, it will ignite the powder keg that was built upon ridiculous swaps.
+
+My friends, this feels very much like the moment that the roller coaster we've been ascending for the last two years is about to crest the hill and begin the ride of our lives.
+I cannot predict the future.
+I cannot tell you what is going to happen in the days ahead.
+I cannot think of a group that I would rather be on this ride with.
+
+Please, take any final measures you must to be ready for what comes ahead.
+Steel yourself against the incredible amounts of FUD that will be spreading from all directions.
+You know what you HODL.
+Remember *why* you HODL it.
+
+Today is Monday, October 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟩 120 minutes in: **$25.01 / 25,66 €**  *(volume: 600)*
+- 🟥 115 minutes in: $25.00 / 25,65 €  *(volume: 600)*
+- 🟥 110 minutes in: $25.05 / 25,69 €  *(volume: 472)*
+- 🟥 105 minutes in: $25.05 / 25,70 €  *(volume: 432)*
+- 🟥 100 minutes in: $25.06 / 25,71 €  *(volume: 397)*
+- 🟥 95 minutes in: $25.13 / 25,78 €  *(volume: 383)*
+- 🟥 90 minutes in: $25.19 / 25,84 €  *(volume: 383)*
+- 🟩 85 minutes in: $25.20 / 25,85 €  *(volume: 349)*
+- 🟩 80 minutes in: $25.03 / 25,67 €  *(volume: 349)*
+- 🟥 75 minutes in: $24.99 / 25,64 €  *(volume: 349)*
+- 🟩 70 minutes in: $25.05 / 25,70 €  *(volume: 346)*
+- 🟥 65 minutes in: $25.04 / 25,68 €  *(volume: 346)*
+- 🟩 60 minutes in: $25.15 / 25,80 €  *(volume: 310)*
+- 🟩 55 minutes in: $25.14 / 25,79 €  *(volume: 310)*
+- 🟥 50 minutes in: $25.12 / 25,77 €  *(volume: 310)*
+- 🟥 45 minutes in: $25.13 / 25,78 €  *(volume: 310)*
+- 🟩 40 minutes in: $25.14 / 25,79 €  *(volume: 239)*
+- 🟥 35 minutes in: $25.13 / 25,78 €  *(volume: 239)*
+- 🟩 30 minutes in: $25.13 / 25,78 €  *(volume: 239)*
+- 🟥 25 minutes in: $25.09 / 25,74 €  *(volume: 239)*
+- 🟥 20 minutes in: $25.12 / 25,77 €  *(volume: 239)*
+- 🟩 15 minutes in: $25.13 / 25,77 €  *(volume: 239)*
+- 🟩 10 minutes in: $25.10 / 25,75 €  *(volume: 209)*
+- 🟩 5 minutes in: $25.09 / 25,74 €  *(volume: 209)*
+- 🟥 0 minutes in: $25.08 / 25,73 €  *(volume: 139)*
+- 🟥 US close price: $25.13 / 25,78 €   *($25.15 / 25,80 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9748. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+We've all seen earnings come out at 4:02 and the stock move at 4:02. I know how institutions react so fast to the data but where do they get that data from?
+
+I noticed I couldn't get a release manually right on time so I wrote a script to check how quickly I could get one but none are available on time. 
+
+Edgar's API and RSS feeds, News wire sites that companies use to post press releases and company specific investor relations sites. All are 30 secs or more delayed from the "publication" time of the release. Ex stock moves and report says published at 4:00 but not actually avail until 4:01.
+
+I've confirmed it isn't an issue with the script. You can just manually refresh a site and see the stock move but no release available.
+
+Am I missing something? Since this info should be disseminated at the same time to all, where do they get it?
+Along with other non-budget airlines.
+
+My basic understanding is that long haul, non-budget airlines pretty heavily rely on business and 1st seats being sold. The economy seats are a 'bonus'.
+
+All bar none of my friends or clients whom work for large businesses - or who run businesses that had large business travel expenditure - have stated that 'business has changed forever.' 
+
+They plan to cut pretty much all travel when this is over as there has been no change in their business output, sales or general productivity.
+
+Has video conferencing filled the gap of the trillion dollar, environmentally unfriendly, business travel sector.
+
+What are your thoughts?  
+
+
+\*Edited for broader opinions. 
+With the failure of COP26 to do anything useful, Build Back Better bill getting torpedoed in the US and China slowly pulling back companies to it's own stock markets is it time to give up on any hope for short/medium term profits from climate change based positions?
+
+INRG seems like a healthier fund after the rebalancing it had but also the macro sentiment seems to be swinging towards letting climate change run since it will mostly impact upcoming poorer countries letting the existing super powers maintain their position.
+I work in the concert production industry. 
+Obviously with COVID-19 our industry has ground to a halt.
+
+I reside in Florida but the band I work for is based in California as is the payroll company that I am paid through (W-2) 
+
+In 2019 I worked and paid state income tax in 28 states. 
+
+What state should I be filling for unemployment? I've heard several conflicting stories from others in the industry. 
+
+My friend is in the same situation. He resides in Tennessee but the band he works for and their payroll company is based in California too. He filed in CA.
+
+I have another friend who lives in FL but the band he works for is based out of MA and their payroll company is in NY. He said he is trying to file in FL. 
+
+TIA.
+I have understood that for him Education, Health, etc should be private. But I don't have clear if for example, police, firefighters, should be an issue of the state. 
+
+Sorry if my English is not the best.
+
+These past months I've been researching how blockchains work and every day I learn something new and realize more how little I know how everything really works.
+
+I mean sure, most of us know the basics:
+
+* BTC is a store of value
+* ETH has a shit ton of use cases and a massive ecosystem
+* DeFi is the future
+* Putting money in crypto long term is better than let my money rot away in a savings account
+* Staking is good long term
+
+But how many of us really know the IT side of how the blockchain works.
+
+I bet lots of us have questions like:
+
+¿Why am I earning APY for staking? ¿How the fuck does a validator node validate? ¿How is a block created? ¿Why are blockchains so secure and hard to hack? ¿How do you REALLY know something is decentralized?
+
+I'll be honest, I don't fully understand any of these concepts.
+
+Many of these things I don't know because of lack of research and I ain't the brightest fella of the __block__.
+
+**TL;DR** : Am I the only one that finds how blockchains truly work hard to understand? Or am I not alone?
+While Walmart continues to post impressive reports, U.S retail giant, Macy’s has lost nearly 60% of its stock market value this year!
+https://mazech.com/2019/08/u-s-retail-giant-macys-has-lost-nearly-60-of-its-stock-market-value-here-is-what-they-said/
+It’s seemed like a huge financial burden on my parents and was wondering if anyone here can help me with options? Do we just need a new company to install brand new ones? 3 DONT work already and continue to wither.
+
+Edit - HOLY COW thank you so much for everyone’s support, to answer a quick thing.
+
+There are actually a total of 17 panels that do not work, not 3. I just checked with my dad.
+
+Massive Thank you’s to everyone. I truly appreciate all the help and will try to update tomorrow on how things go.
+
+Edit 2: The app where I can see the panels and which ones work and don’t is called ENPHASE, is that the manufacturer? (I have found out it is not)
+
+Edit 3: I must go but will read any other replies in the morning and update with another post once I have contacted everyone I have been informed to contact as well as finding out other information. I did NOT expect this outpouring support for a question and appreciate everyone that guided me and educated me!
+
+Edit 4: For clarification, I don’t want to help the bankrupt company, it is gone, it is done with, I want help with the warranty that so many awesome people have helped ne out light on!
+If you’re not in a new meme IPO, or some crap penny stock, your stock is probably down because the entire market is...
+
+So there you go, no need to continue to make posts asking why your stock is down. 
+
+It’s like some of you never look at any other market data besides the few stocks you’re in.
+* Name: DonkeyStonks
+* Symbol: $DNKY
+* Public Presale: **10 AM UTC**
+* Pancakeswap listing: **4 PM UTC**
+* Listing Price: 10.000 DNKY per BNB
+* Contract Adress: to be announced
+
+​
+
+**About**:
+
+DonkeyStonks is a Community embraced DeFi Token based on BSC – one of the fastest-growing Blockchains worldwide.
+
+DonkeyStonks Token-Ecosystem rewards holders and punishes sellers, which empowers a steadier price growth.
+
+DonkeyStonks' main goal is to tap into the streaming industry and connect viewers even further with their favourite streamers by providing digital NFT-Assets.
+
+We plan on launching the WORLDS first Streaming-Platform dedicated to Speedrunners, featuring classic Jump and Run games like Mario and DonkeyKong.
+
+​
+
+**Vision**:
+
+We believe in the potential of providing value by creating digital NFT-Assets in cooperation with speedrunners and streamers.
+
+The purpose of our platform is to connect viewers even further with their favorite gamers.
+
+Our goal is to become the first memecoin with a real-life use-case
+
+​
+
+**Tokenomics**:
+
+Total Supply: $DNKY 1.000.000
+
+Token Type: BEP-20
+
+Private Sale: $DNKY 200.000
+
+Public Presale: $DNKY 300.000
+
+Pancakelisting: $DNKY 500.000
+
+Transaction fees:
+
+\- 5% redistributed to all holders
+
+\- 2% added to liquidity
+
+\- 1% added to marketing wallet
+
+​
+
+**Private-Sale**:
+
+The goal of the private sale was to create initial funding for the development and marketing of DonkeyStonks. Additionally, the coins will be used as a buffer for eventually pre-sale dumps.
+
+The private sale was mostly filled by team members and early investors who believe in the project and also want to see the long-term success of DonkeyStonks.
+
+Private Sale amount: **$DNKY 200.000**
+
+​
+
+**Pre-Sale**:
+
+The public presale will be an opportunity for everyone in the community to buy DonkeyStonks at the listing price. We know there are many projects that are being dumped right after the presale. Since we want to see the long-term growth of our projects, the available $DNKY amount in the presale is very low.
+
+To ensure fair chances of a presale allocation to all members of the community, the maximum contribution amount is only 0.5 BNB.
+
+​
+
+* Presale and listing price: **$DNKY 10.000 per BNB**
+* Presale Softcap: 15 BNB
+* Presale Hardcap: 30 BNB
+* Minimum contribution: 0.1 BNB
+* Maximum contribution: 0.5 BNB
+* 100% of the funds will be locked as liquidity
+
+​
+
+🌎 Check out our Website:
+
+[https://donkeystonks.net/](https://donkeystonks.net/)
+
+📲 Join our Telegram: (will be unmuted on Sunday 23.05 for the kick-off)
+
+[https://t.me/donkeystonks](https://t.me/donkeystonks)
+
+👀 Our Whitepaper:
+
+You can find it on our website.
+[U.S. Retailers Plan to Stop Paying Rent to Offset Virus](https://www.bloomberg.com/news/articles/2020-03-24/u-s-retailers-plan-to-stop-paying-rent-to-offset-virus-closures)
+
+​
+
+With stores closed, retailers can't pay rent. On top of that, retail employs a massive amount of people, many of them renters themselves. If these workers are not getting paid, I imagine they can't pay their rent either. However, Real Estate fixed expenses are not going away (mortgages, taxes, maintenance, depreciation, etc..)
+
+Curious to see what are the thoughts of the Real Estate FIRE on the current situation specially the ones who used leverage to buy properties and generate cash flow.
+Hey everyone!
+
+I was learning to perfect my day trading craft 4 years ago. I spent 6 hours a day for a year going through trial and error of technical analysis, chart reading, macroeconomics, and small accounts learning from my mistakes. Ect. I know all about the displine of trading and the risk reward ratios and consistency being key.
+
+I would say when I stopped I was definitely good and had the potential to make a living from it but not at the point of mastery quite yet as that could take years. 
+
+The reason I stopped was I didn’t have capital and I just got depressed with life to be honest.
+
+I’m ready to hop back in and take this seriously and develop my skills again.
+
+My question is, how have you traders been doing?!? Y’all still be having great success?
+
+Any tips you would have for me as someone returning or just general trading tips? Any helpful video or guides you’d like to share?
+
+Just general conversation really.
+
+Happy trading!
+
+Everywhere i find info that covers what goes on when one is about to or is already in a trade: avoids a trade (fear, via cortisol); revenge trades (anger, via adrenaline + testosterone); or over trades/sabotages (euphoria, via dopamine + testosterone).
+
+So the question is, when trading, what are the *mechanics* to implement in order to bypass the aforementioned natural responses?
+Why are you trading forex, stocks, commodities or just in the market in general? What’s your dream/goal? Why did you take this route to get to your dream/goal?
+I good enough now to give FTMO a try. But what's with the hate?
+
+Hate argument #1: "You're trading a Demo Account"
+
+\- So fucking what? The money is real once you get a payout. Also, many don't realize that a huge part of this is due to regulation. In the US you have to pass a Series 7 and be licensed to trade someone else's money. FTMO's workaround is the DEMO account. You trade DEMO and they copy your trades with real money (or maybe not, who cares? as long as they pay out).
+
+Hate Argument #2: "Their business model is from collecting challenge fees"
+
+\- So fucking what? They have to make money somehow. The shitty traders pay for the 1% (or less) of good traders who can pass challenges and get withdrawals.
+
+​
+
+I think it's genius to use these prop firms if you can actually pass the challenges. Your risk is defined. $550 for a 100k account. $550 is your max risk, if you pass the challenge you get $10k risk for free, on the house. You also get the $550 refunded, which you can use to buy another challenge. Get the withdrawals and buy more challenges. Repeat.
+
+So FTMO haters, what do you say to this? I genuinely want to hear your side
+Hi guys, AMC just made a "deal" with  Mudrick Capital. They have sold 230 million worth of shares(source market watch) to them. The price in premarket is at the moment up by 17%. What are your predictions for today after the market opens? I m expecting at least a  10% and a maximum of 25-30% by the end of the day.
+
+Thank you!
+
+[https://www.marketwatch.com/story/amc-sells-85-million-shares-at-near-4-premium-to-mudrick-capital-stock-surges-2021-06-01?mod=mw\_quote\_news](https://www.marketwatch.com/story/amc-sells-85-million-shares-at-near-4-premium-to-mudrick-capital-stock-surges-2021-06-01?mod=mw_quote_news)
+Is it true that dividends are generally irrelevant when evaluating the performance of a stock ? Ben Felix (Canadian YouTuber) posted a video suggesting that dividends are irrelevant in contributing  the performance of a stock as that money paid out is liquid and could instead be used to boost capital gains . Sorry if this post comes across as ignorant , I’m new to the whole finance thing
+Hello all, first just want to thank you for taking the time to read. 
+
+So as the title says I need to be out on my own by July 1st. I have to have an apartment and get my license and a car. My credit is shot due to a personal matter that I'd rather not get into. However, I am rebuilding that. 
+
+I'm 20 years old in Philadelphia and due to an extreme personal matter I no longer can continue to stay in my current apartment. Long story short my "aunt" screwed my family over and is now putting us into hell. I have a job that gives me 35-40 hours a week which pays about 1300 a month after tax. My girlfriend makes about 15-1600 after tax. I need help to figure out what I can do to fix this situation. 
+
+I can't stay with family because they're all mostly addicts, and criminals. I don't have friends I can stay with either. I need a plan and fast. 
+
+
+EDIT: Thanks a lot for all of the advice! Trying to read and reply to all of the messages guys! 
+[https://www.reddit.com/r/thetagang/comments/l2pwt8/important\_milestone\_my\_portfolio\_is\_now\_above/](https://www.reddit.com/r/thetagang/comments/l2pwt8/important_milestone_my_portfolio_is_now_above/) Here is a throwback from my old account.
+
+First and foremost, I am extremely grateful to find this subreddit which helped me to grow my portfolio in ways I have never imagined (Shoutout to u/swolking).
+
+1) Screenshots
+
+[Jan 22, 2021.](https://preview.redd.it/l77w210ze9p71.png?width=1889&format=png&auto=webp&s=a2e6e6b21bcbd26e42d16ed29262bf1fb0b36c72)
+
+​
+
+[YTD gain and Monthly gain.](https://preview.redd.it/nlc7mi9df9p71.png?width=1504&format=png&auto=webp&s=16f41b3a151aaf91642dd4bd73128f12a481bd0a)
+
+​
+
+[I started doing Theta last September. You can see how overleveraged I am at times.](https://preview.redd.it/r97p0qknf9p71.png?width=1494&format=png&auto=webp&s=0f24b429912d75e55773f26393f9446da281b932)
+
+​
+
+2) Strategies
+
+I owe TSLA, SOXL, SQ, and NVDA some of the major growth spurts I've had. I always had 200 shares of MSFT and 300 shares of AAPL that I wheeled since the beginning of September. When I decided to sell TSLA weekly puts during the October selloff, it really helped me to grow tremendously.
+
+And of course, this could've backfired, like my PLUG and PINS fiasco.
+
+​
+
+[I got assigned once, earlier this March, and was able to bail out two weeks ago.](https://preview.redd.it/jbjf0bgtg9p71.png?width=1508&format=png&auto=webp&s=6c2f595901bd739ad627e632a97db5605a4789a7)
+
+​
+
+[Haven't had a good entry point for SOXL as of late.](https://preview.redd.it/p6gfmemzg9p71.png?width=1520&format=png&auto=webp&s=b88bd355a65d65fbfba4675318fd48991478eb7d)
+
+3) The biggest losers:
+
+​
+
+[Need I say more?](https://preview.redd.it/ctj7b62ah9p71.png?width=1508&format=png&auto=webp&s=c39b2d1730ab31c8ef4de46301ce2a47f4d851dd)
+
+I am long-term bullish with bitcoin, and averaged down with RIOT and still sell weekly calls. PLUG, PINS, and WISH, I will probably use for tax loss harvesting.
+
+4) Resources that I use
+
+I track finviz, tradingview, and the overall wallstreetbets and stocktwits sentiment to inverse.
+
+5) Current strats.
+
+a) I seldom roll, if at all. I think I only rolled once in my lifetime, and that was a V put that would've expired worthless anyway. Except for the losers in my portfolio, I am long term confident with most of my picks, so whilst I get assigned every now and then, I always end up with a major gain if I just hold onto the shares and sell calls (I don't even like selling calls that much).
+
+b) high delta close to the money CSP
+
+Usually a conviction play, but if there is a ticker that's quite down, and something that I want to own, I sell extremely close to the money (sometimes ITM) puts.
+
+​
+
+https://preview.redd.it/gapjwjpai9p71.png?width=1390&format=png&auto=webp&s=bb98d4e406c89c838e7ac0711d962c2ee5ca387d
+
+The reason being, if i get assigned with AMT, I will be able to get high dividend and start rolling. A lot of people frown on dividend stocks, but they have been my bread and butter. My rule of thumb is for every risky put I short, I short blue chip or high dividend yield company.
+
+I also have 30-45% rule. If my csp value goes up and I'm in the red for 30-45%, I double or triple down.
+
+​
+
+6) When do I close?
+
+Short, sweet, and often. I disagree with 50% rule. 
+
+If I open a TSLA 600P, expiring in two weeks, and I end up with a 25% gain, or roughly $100 gain. I immediately close it and open a csp on a beaten down company, because of opportunity cost, buying power perseverance, and reducing risks.
+
+We make fun of WSB folks for not selling their FD calls when they have 300%, 400% gains. So why should we try to milk covered calls or puts for 80-90% gain, when we can close it after a day or two for 25-35% gain and look elsewhere?
+
+​
+
+[STAG, green light of my life, fire of my gains.](https://preview.redd.it/4pbxb48li9p71.png?width=1366&format=png&auto=webp&s=784a555c602c92a8b7669b7d0983a6455f04b8df)
+
+6) Possible long term play
+
+I might start looking into VIX, SPY, or any long term insurances as a hedge, but in my past experiences, doomsday prepping with hedges costed me more than weathering through the storm and DCA down.
+AMD and NVDA have had a correlation coefficient of about 90% over the past 12 months, but there's been a recent divergence. The coefficient is down in the 60-70% range in the past 3 - 6 months.
+
+I'm looking at selling puts on AMD and call credit spreads on NVDA. Anyone else doing any theta strategies here?
+
+Post other divergences you've noted in highly correlated underlyings.
+AMD and NVDA have had a correlation coefficient of about 90% over the past 12 months, but there's been a recent divergence. The coefficient is down in the 60-70% range in the past 3 - 6 months.
+
+I'm looking at selling puts on AMD and call credit spreads on NVDA. Anyone else doing any theta strategies here?
+
+Post other divergences you've noted in highly correlated underlyings.
+[Don’t pay your mortgage, urge climate activists](https://www.thetimes.co.uk/article/dont-pay-your-mortgage-urge-climate-activists-s83bzjwzr)
+
+​
+
+Please, Please do not do this.
+Hello,
+
+I'm 32M and feeling like I'm just not hitting my potential and stressing big time financially feeling like I'm behind the curve I want for myself and the expectations my family has. 
+
+
+
+-Have a GF whom I plan to propose to in coming year
+
+
+-Have no debt
+
+
+-45K in my 401K at this time (started late)
+
+
+-3K in my savings account
+
+
+-66K/year job + 7% bonus EOY
+
+
+-Save around $700-1,000/month
+
+
+I've made one **HUGE** mistake in my life. This feeling of being behind was eating away at me and I discovered options through a friend. One thing led to another, I got carried away, obsessed and gambled away 30K, yup that's right 30K before I got help. (My entire savings and some I borrowed). This was a two years ago, I've since recovered/paid it off and STAYED AWAY.
+
+That being said, I still feel empty inside. I have no real passion for any career or job that I can go out and try to start a business. I feel like my financial life is a disaster. I don't spend much, I save what I can but I just have this nagging constant feeling that I'm behind, that I have to make more money somehow so that when I'm 45-55 I can enjoy life as my parents do. It's really bothering me. I feel like there's a giant mountain in front of me and I can't begin to climb it.
+
+I want to be financially independent and enjoy my life and have a family that will be well off.
+
+
+
+**EDIT:** Real talk right now, this community is amazing. I posted 10 minutes ago and it's been 30+ responses with incredibly supportive, real and honest advice. Did not expect this. Thank you it means so much to me.
+**1 - Fools and their money are soon parted:**
+
+In the digital landscape, you will see many people selling courses. To put it bluntly, the three so called evergreen niches are generally: 'how to get rich quick', 'how to attract a supermodel partner using THIS specific pick up routine', and 'how to get a six pack in six weeks'.
+
+This is a simplification but is not far off the mark.
+
+Of course, there are some experts in certain fields providing specific and high quality information at a reasonable price - but this is the exception rather than the rule.
+
+Possibly the most lucrative evergreen niche is "How to Get Rich Quick" and by the way this is not a new phenomenon - it has been going on for many years before the Internet.
+
+However, the scale provided by the Internet means that it is more lucrative today than ever.
+
+For example, if you are selling a $1000 course, you need to sell 1000 courses to generate a revenue of $1MM. You have to give a chunk to Uncle Sam, or you can set up shop in a more tax friendly nation if you are not an American citizen.
+
+Using ad campaigns on social media platforms like Facebook and YouTube and getting it out to millions of people, you can see why some have raked in the cash by selling thousands of these courses.
+
+So remember that just like the Wild West, there are many scammers who want to part you from your money. If it sounds too good to be true, it is.
+
+**2 - Understand what money is:**
+
+Money of course has specific characteristics, but to simplify money is just the mechanism by which we transfer time and wealth. Provide value at scale by applying leverage (code, people, capital) and you will become rich.
+
+**3 - Money can't buy happiness:**
+
+Having enough money to be financially independent and avoiding financial stress *is* important though - studies have actually shown that financial stress can temporarily lower IQ. Not good.
+
+In terms of happiness, some prefer to view it using the lens of excitement = happy, and boredom = sadness. This is generally more practical, as doing things that you enjoy and are aligned with some sort of purpose leads to a greater level of fulfilment (or happiness).
+
+**4 - Beware of the Diderot Effect:**
+
+In the words of Warren Buffett:
+
+"If you spend money on things you do not need, soon you will have to sell things you need."
+
+Now, we can probably think back to numerous occasions where we've bought something, and cringe thinking about how unnecessary the purchase was, and more importantly what he true opportunity cost is if it had of been invested instead.
+
+We of course live in a consumer driven culture, whereby material possessions are the Holy Grail of one's achievement in life. This is starting to shift with the emergence of trends such as minimalism and FIRE, but it is still prevalent in popular culture and advertising.
+
+In terms of consumer goods, there is an interesting social phenomenon called the Diderot Effect.
+
+It is named after the French philosopher Denis Diderot.
+
+Diderot was the co-founder and writer of Encyclopédie, one of the most comprehensive encyclopedias of the time.
+
+Diderot lived in poverty for most of his life, but all that changed in 1765 Catherine the Great, the Empress of Russia, heard of Diderot’s financial troubles and offered to buy his library from him for £1000 GBP (which is the equivalent of around £178K today).
+
+Suddenly, at the age of 52, Diderot had money to spare.
+
+He acquired a new scarlet robe. And that's when the spiral began...
+
+He noticed this is beautiful robe was out of place when surrounded by the rest of his common possessions.
+
+According to Diderot, there was “no more coordination, no more unity, no more beauty” between his robe and the rest of his items.
+
+He felt the urge to buy some new things to match the beauty of his robe. He replaced his old rug with a new one from Damascus. He decorated his home with beautiful sculptures and a better kitchen table. He bought a new mirror to place above the mantle and his “straw chair was relegated to the antechamber by a leather chair.”
+
+These reactive purchases have become known as the Diderot Effect.
+
+The Diderot Effect states that obtaining a new possession often creates a spiral of consumption which leads you to acquire more new things. As a result, we end up buying things that our previous selves never needed to feel happy or fulfilled.
+
+This spiral of consumption is one of the reasons why many former Sports stars go broke after they retire. When they got their big break and signed their first contract, they had more money than they knew what to do with. Then, they buy a huge mansion with a colossal mortgage and numerous Super-cars. Their lifestyle expenses then inflate to obscene levels such that once they retire and lose their main income source, they go broke. They were rich, but they weren't wealthy.
+
+**5 - Avoid the Lifestyle Inflation Trap:**
+
+Speaking of lifestyle inflation, this applies to mere mortals and not the Sports stars we see on TV.
+
+In his best seller The Four Hour Work Week, Tim Ferriss, examines the concept of 'the New Rich'.
+
+The essence is the following: "Who is better off: the person on $40K per year but working 30 hours a week, living well within their means, investing aggressively and spending the rest of their time pursuing other passions, or the Investment Banker on $400K working 100 hours a week, sacrificing their long term health, and living a very expensive lifestyle." Of course, this is a simplified example: the Investment Banker could of course come from a wealthy family and have an eight figure inheritance, there are exceptions - but generally lifestyle inflation is a trap and something to watch out for.
+
+**6 - Money is not necessarily the root of all evil:**
+
+It is possible to make a lot of money ethically - you don't *have* to turn into a super villain to obtain it (although it does help!). But if you view money as evil, it will probably elude you forever.
+
+Money just exacerbates what type of person you naturally are.
+
+If you a decent person without lots of money, at your core, you're still a decent person in the long term with lots of money. In the short term you may see some people change for worse, but over the long term you'll find they're fairly consistent.
+
+If you are a...not so decent person without lots of money, you'll still be a not so decent person with lots of money.
+
+Also, unless someone is a genuine psychopath, humans are generally not completely "evil" or "good" anyway - it is a complex and dynamic situation, where the very definitions of good and evil vary depending on culture and period in history.
+
+So, don't view money as completely evil, otherwise it may prove elusive.
+
+**7 - Remember the Goal is Wealth:**
+
+Finally, something that the wealthiest individuals understand, is that money is emotionless. It doesn't care how hard you work, it doesn't care about the sacrifices you make to obtain it, it doesn't even care if you don't buy avocado toast, it has no emotion.
+
+It is more about realising that the real goal is to acquiring assets and diversifying to create genuine wealth, and having sufficient cash flow to maintain whatever sort of lifestyle you prefer.
+
+Indefinitely.
+May 7th I started trading stocks (Option Trading) with  $650.. Its June 4th now and at the end of the day Im at $20,500. A part  of me is thinking to cash out now, my total debt is about 16k. I'd be  able to pay it all off and keep the 4k for taxes or temporary emergency  egg. The other part of me is thinking that the market is extremely  volatile at this time and with 20 grand itd be easier to make even bigger gains. 
+
+ I'm already able to keep up with my monthly bills, so what would the  benefit be of paying it off (car/creditcard/furniture etc) now? Even with me not making those monthly payments it'll still take a long time to reach back to that amount of cash in hand. I have an understanding that ultimately, if I lost half of that amount or even all of it, i'd be kicking myself. I'm not sure why im having trouble on this, thanks in advance for the advice.
+If inflation is based on the previous 12 months, will costs just keep increasing and never go back down to how they were last year?  
+
+For example if inflation was 2% in August 2021, 10% in August 2022 and then back down to 2% in August 2023. Does that mean costs will be 12% higher in 2023 than 2021?
+
+For example if a pint of milk is £1 in 2021 will it increase to £1.12 in 2023? 
+
+Hope that makes sense.
+Edit: first see the proposed NSCC rule: https://www.reddit.com/r/Superstonk/comments/u7bwvf/srnscc2022801_is_the_new_srnscc2021010/?utm_source=share&utm_medium=ios_app&utm_name=iossmf 🚨 🚨 
+
+
+Since GME’s been making upward moves recently, so has loon sentiment about the whole government being evil, not paying taxes, abject nihilism, and other baloney bogus bullshit that even my wife’s boyfriend dog won’t eat. 
+
+I assure you it’s too easy to find posts like this if you scroll more than a couple banana lengths downward. 
+
+For example, at least four GG posts in the same day, two with just a picture, and cancerous comments ensue, with disappointingly few rebuttals. If you want to get in the action, sort by controversial. 
+
+https://www.reddit.com/r/Superstonk/comments/u7bqxn/this_is_gary_gensler_chairman_of_the_sec_despite/
+
+https://www.reddit.com/r/Superstonk/comments/u76j1a/its_almost_been_a_year_since_sec_chair_gary/
+
+https://www.reddit.com/r/Superstonk/comments/u7kfr5/the_market_looks_fine_to_me/
+
+https://www.reddit.com/r/Superstonk/comments/u7auaq/networth_of_100000000_looking_out_for_us_little/
+
+As for the need for regulators, good regulators are like good car brakes. The purpose of car brakes? *To allow the car to go fast.* Brakes allow the car to maintain speed while retaining control in uncertain conditions as roads slalom and wind. So what happens when the car goes fast and the brakes fail? The ‘08 recession. Or Enron.
+
+As for any abject nihilism towards regulators or government in general, there’s zero point of simply watching things burn to the ground, especially if there’s no plan for actual reform already in place. 
+
+A far better plan is to reform the system we have, by increasing the quality of the brakes. Increase reporting requirements and transparency, ensuring that fraudsters get substantial jail time with longer/permanent financial bars and no default get-out-of-jail-free cards to simply agree they did zero wrongdoing and pay only a fine. Also people can ask congress to put across other rules to limit conflicts of interest.. such as limiting speaking fees after people serve at appointed positions like SEC commissioner, federal reserve chair or treasury secretary. And then pay regulators more for regulating.. (Edit: also everything Dave Lauer has been saying re PFOF lol.)
+
+Good regulators are necessary or else we’ll crash, and as it is now, the car’s  taking turns rather loosely (turning off the buy button). Maybe in the meantime, it’s good to buckle up.
+Edit: first see the proposed NSCC rule: https://www.reddit.com/r/Superstonk/comments/u7bwvf/srnscc2022801_is_the_new_srnscc2021010/?utm_source=share&utm_medium=ios_app&utm_name=iossmf 🚨 🚨 
+
+
+Since GME’s been making upward moves recently, so has loon sentiment about the whole government being evil, not paying taxes, abject nihilism, and other baloney bogus bullshit that even my wife’s boyfriend dog won’t eat. 
+
+I assure you it’s too easy to find posts like this if you scroll more than a couple banana lengths downward. 
+
+For example, at least four GG posts in the same day, two with just a picture, and cancerous comments ensue, with disappointingly few rebuttals. If you want to get in the action, sort by controversial. 
+
+https://www.reddit.com/r/Superstonk/comments/u7bqxn/this_is_gary_gensler_chairman_of_the_sec_despite/
+
+https://www.reddit.com/r/Superstonk/comments/u76j1a/its_almost_been_a_year_since_sec_chair_gary/
+
+https://www.reddit.com/r/Superstonk/comments/u7kfr5/the_market_looks_fine_to_me/
+
+https://www.reddit.com/r/Superstonk/comments/u7auaq/networth_of_100000000_looking_out_for_us_little/
+
+As for the need for regulators, good regulators are like good car brakes. The purpose of car brakes? *To allow the car to go fast.* Brakes allow the car to maintain speed while retaining control in uncertain conditions as roads slalom and wind. So what happens when the car goes fast and the brakes fail? The ‘08 recession. Or Enron.
+
+As for any abject nihilism towards regulators or government in general, there’s zero point of simply watching things burn to the ground, especially if there’s no plan for actual reform already in place. 
+
+A far better plan is to reform the system we have, by increasing the quality of the brakes. Increase reporting requirements and transparency, ensuring that fraudsters get substantial jail time with longer/permanent financial bars and no default get-out-of-jail-free cards to simply agree they did zero wrongdoing and pay only a fine. Also people can ask congress to put across other rules to limit conflicts of interest.. such as limiting speaking fees after people serve at appointed positions like SEC commissioner, federal reserve chair or treasury secretary. And then pay regulators more for regulating.. (Edit: also everything Dave Lauer has been saying re PFOF lol.)
+
+Good regulators are necessary or else we’ll crash, and as it is now, the car’s  taking turns rather loosely (turning off the buy button). Maybe in the meantime, it’s good to buckle up.
+I’m not sure if this is the right subreddit, but I could use some advice. I bought a home before I got married it is in another state and has had tenants in it for 5 years now. It makes a nice profit that we use to pay my wife’s student loans, and put away for a baby fund. I have 12 years worth of equity in it, plus appreciation. 
+
+In December 2019, my wife went on maternity leave-we used the baby fund; Covid hit in March; and she lost her job end of March. She was able to access all her clients though and decided it was better to start her own company and keep doing her thing. Meanwhile in April, I decided to refinance our primary residence. Because my wife was busy starting her start-up, I just refinanced the property in my name only. 
+
+An opportunity has presented itself to buy a third rental property and I would like to buy in. When I contacted my bank about a HELOC they stated my debt to income ratio was 70%. They did not count my wife’s salary since she only has 2 months worth of time in her new job, and no paycheck December till March. They stated that since both liabilities are in my name only the debt to income ratio was too high. This is in addition to standard liabilities like cars, 37 new windows, and student loans. 
+
+I asked about a cash out refi on my rental property and they said that was not possible since it is not owner occupied. 
+
+Are there other suggestions for how to access some of my equity? Is this going to be the story at every bank?  Thank you all for your feedback
+
+Edit: just wanted to say thank you all. I have a call tomorrow with a smaller bank I’ve held an account with for awhile and the. I’ll start hunting small banks near me. I appreciate the ammunition of discussing other types of loans other than the typical heloc, refi that I thought of and will start running those down soon too.
+
+"if passed by voters this fall, Denver’s citizen initiated Ordinance 305, “No Eviction Without Representation” would levy a new tax on landlords, of $75 per residential rental unit, to fund universal tenant legal representation for those facing an eviction or threat of eviction in the city."
+
+"The new tax will be collected from residential landlords in the form of an annual $75 excise tax per unit. This tax will be applied to all individual, non-exempt, residential properties leased by the landlord per year. "
+
+
+Well, lovely.
+Any guesses on the likelihood of it passing? Its only 75 bucks per unit, but...
+
+In general, I support legal council for both parties, but lets be honest, most evictions are just and the result of something the tenant did. Tenants have rights that should not be trampled, but they already can cost a lot of money to landlords.
+
+It seems drastically unfair.
+Is this legal?
+Just to give you some context:
+
+I'm 26 years old and am closing on my first property next week. I chose to employ the "house hacking" strategy and luckily had an offer accepted on a top tier duplex for $425,000 that I'm purchasing via an FHA loan with 3.5% down (\~25k with closing) at 2.5% interest in NE Minneapolis.
+
+I save up $1000 a month from my salary and I plan to cash flow about $250 from this property itself totaling $1250.
+
+Now that I have that under my belt, I'm wondering what the smartest thing would be for me to set my sights on next. I have a few ideas.
+
+a. Another FHA financed property, this time a single family home (since FHA only allows you to finance a second home if it has a smaller amount of units than the first one) This way i would be able to benefit from the 3.5% down payment again. I would also have to repeat the 12 month owner occupant rule again.
+
+b. A single unit property financed conventionally. I'm not sure what the down payment rate would be but I've heard a range of 3.5%-20%. Based on the down payment it would take me a variable amount of time to save up for it this way.
+
+c. Save up for another multi unit home, this could take me a lot longer.
+
+d. pool my money with someone I trust to try and invest via b or c.
+
+I was hoping I could get some advice, experiential stories or critique on my plan from you guys. If I'm missing something, please let me know! I'd very much appreciate it!
+27yo, looking to put about 1000$/month towards retirement/future projects. I currently have about 20,000$ saved including my emergency fund (8000$ of that). It's all sitting in my checking account right now.
+
+I plan on moving the emergency fund to a HISA but will be left with about 12,000$ to invest.
+
+My issue is that I keep on hearing that the canadian dollar is going down, that an impeding stock market crash will occur and that stocks are at an all time high. I guess I'm in some sort of investing paralysis.
+
+​
+
+I think my plan is to purchase VGRO through Questrade but it seems like with all that's predicted, this seems like a bad idea. Perhaps doing some sort of DCA will help with my worries?
+
+Do you have any suggestions on this? Should I just park the 12,000$ with the emergency fund in a HISA and wait out for things to settle? Are my worries justified or o I just need to get used to this feeling and just dive right in?
+
+​
+
+Thanks!
+
+​
+Hi everyone,
+
+I’d like to hear from more experienced investors their thoughts on the question of my post. I began investing in July 2019, near the tail-end of an abnormal bull run. I learned a lot about my investing style and risk tolerance in March when I invested more into the markets.
+
+Now it seems things have settled down (at least relative to the panic six months ago), and with the posts on this sub returning to more general topics, I’m wondering if we’ve “balanced” out the two extremes of a long-term bull run and a financial crisis-type shock to reach normalcy in the markets (in the sense that optimism and pessimism appear in equal measure).
+
+Does my question make sense? My investing career has been short but wild. I’m just now looking to manage my expectations—this is what they mean by staying the course at all times, right?
+Hi.
+
+A few months ago I had a family member pass and I was listed in the will. This is roughly the amount I will be receiving in the next few months. Obviously, I can't sit on this money for the rest of my life and will still have to work. Heres my situation: I'm single, 30 years old, and currently have no dependents or husband/wife. I live in the toronto area and I currently rent and make a 50k salary.
+
+I'm looking to invest this money and I'd like to manage it myself. My reasoning for that is I've read a bit online about how financial advisors often cant beat the indexed fund return rates and obviously they require a significantly higher MER (or commission? seems like the same thing to me). That really bothers me and for that reason alone I'm having trouble finding reason to entrust my money with any financial advisor.
+
+I've already put 1000$ in a tfsa and invested in the Vanguard S&P 500 (VFV). I realize that is a trivial amount of money when it comes to investing. I simply wanted to understand the process and get my feet wet.
+
+I'm most interested in the ETF side of investments since I dont plan on doing anything crazy like day trading on the stock market. I'm fine to let this money sit for the next 10 - 15 years and weather the highs and lows of the economy. I can stomach any losses or gains during this time without pulling the trigger.
+
+I simply want some input from the experts here. What would be your first steps in my shoes? Please assume also that you dont have any experience in investing. A lot of the jargon still goes way over my head.
+My older cousin who has been trading for years at NYC mentioned to me this was “essentially tuition money for a valuable lesson” rather than a loss. It’s not much money for a normal person, nor for my financiers (parents)- but it took a while to get there and I’ve learned so much now, any advice on how to get back on my feet as an amateur/intermediate trader?
+Hey Guys,
+
+I wanted your thoughts on large banks/financials for the next 6-12 months+
+
+I know financials have already moved up, but it feels like there is some more room to run until the Fed actually moves up rates and finishes taper.
+
+When rates moved up from 2004-2006 and 2016-2017, large banks did well. But stock markets were also strong, so it is hard to tell.
+
+I am not looking at smaller banks or regionals for this, trying to focus on larger banks such as BAC, JPM, C, WFC.
+
+Logically banks have more money to make on loans if rates are higher, but I assume their volume will be lower in terms of lending, especially if housing market slows down
+
+Just want some thoughts or any good data if possible
+
+Usually not a stock picker, but trying to do some DD to see if there are any opportunities
+
+Thanks
+The last few years in the market have been misleading indicators of the average individual investor's ability to pick stocks. Most investors (myself included) prove to be subpar at individual stock picking. Therefore, would most individual value investors do better by building a machine model, and then doing whatever the machine tells them without any human intervention (after the initial building phase)?
+Hi there! I have been digging in uranium miners (i.e Cameco, Kazatomprom, UUUU, Denison Mines, etc.) but is hard to see how uranium may evolve in the energy decarbonization. Any thoughts or insights here?
+Hi everyone,
+
+As you probably know, the SEC recently [re-opened the comment file](https://www.sec.gov/news/press-release/2022-186) for a bunch of rule proposals due to some technical problem they had with an online form. This is good news! The SEC proposed a new rule called 13f-2 which is targeted at investment managers (hedge funds, mutual funds, etc), calling on them to finally have to disclose their short positions. Unfortunately, the SEC proposal would only provide aggregated public disclosure - how many shares are sold short in a given name, for example, but not manager-level public disclosure like 13Fs do for long positions. There are several other shortcomings in the rule proposal.
+
+We The Investors have [written a comment letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) to address the shortcomings in the proposal. The best way to make your voice heard is by filing a comment letter yourself, and we have some info on [how to do that](https://www.urvin.finance/advocacy-issues/comment-letters). However, given the abbreviated comment period (it's only open for 2 weeks), another effective way to make yourself heard would be to take the comment letter we've written, make sure you agree with it (or make changes to it), and file it under your name. We've [included 2 different formats on our website](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) \- a Google Docs version and an MS Word version.
+
+It's important for the SEC to know that there are serious numbers behind this effort. A ton of industry firms filed comment letters pushing back hard against this new proposal as being too costly and onerous. We want to make sure that the SEC doesn't just follow-through with the proposal, but strengthens it to include individual manager disclosures, disclosure of derivative positions, and other important changes. You might be dismayed with the SEC and you might think nothing can change - but this is an important opportunity, and we've tried to make it as easy and simple as possible to file a letter. I hope you'll consider making your voice heard in this process!
+I have made my first $100 from crypto and I’m currently looking for a P2E game to put my money into. For context I love gaming but I’m still a college student so I don’t have a lot of money to burn. I’ve been looking around for good games but most of them are already so popular which are more expensive. I’ve looked into P2E platforms such as Sandbox and Infinity. Although I’ve been gaming for a long time, I am entirely new to this Play-2-Earn game. It’s becoming a trend now and all my friends are either investing or getting ready to invest. I don’t want to be left out. Where do I begin? What other games do you guys think I should look into?
+For anyone who met their fatFIRE goal, did you retire or just keep working? Which is better and why?
+
+I'm not sure if there's anyone here who made 15m+, but what do you do now? Are you waiting to buy that dream home for 20m? Are you content living the same lifestyle or are you still trying to upgrade?
+Is anyone here trading 100k positions on AAPL? I am wondering because I have recently been informed I am to inherit 100k, and want to start day trading larger positions to earn faster profits on a large volume stock like AAPL, which I am also bullish on. 
+
+I understand this is a lack of diversification which would certainly hurt my potential profits. Although I am cutting my losses at around 0.05-0.01%. 
+
+In 2 days, I have earned $1700 from trading AAPL on thinkorswim paper money. (I am using paper money to practice my trading, as I only have 1 year of experience trading a small account of less than $10,000.) 
+
+For those who are trading larger positions, do you have any advice for someone like myself? I really appreciate any feedback you can provide. How can I best trade $100k so that I can maximize profits and not slash my capital in half by taking major losses?
+I am asking from purely technological side - is it costly and how many developers would one need to build a full-fledged cryptocurrency exchange like Binance or the likes?
+tl;dr - **Don't trust strangers on the Internet to write correct code. AH! I should have been more suspicious when the results didn't come out exactly the way I expected. The upper bound on David's parameter is probably less than 5%, not 15%!** Making new plots now. Sorry about that!
+
+MAJOR EDITS: There was a bug in how I coded up David's strategy, and it made his results much better than they should have been. I discovered it while implementing /u/Bigholebigshovel's suggestion of a modified DCA, where you DCA unless there is a dip, in which case you dump everything in.
+
+I don't know the proper etiquette when a post needs to be changed so much, but has already been up for several hours, with lots of comments. I'm reluctant to delete it, but if the mods want to remove it, I'd be TOTALLY fine with that. If this was a paper I had submitted, I would retract it. But I don't want to retract the discussion in the comments.
+
+Anyway, here's a (probably) correct version of the original post:
+
+~~tl;dr - In a mild surprise to me, waiting to invest new cash when the market is at an all-time high is a perfectly fine strategy.~~
+
+tl;dr2 - h/t /u/HealthCare2FIRE_Blog "Between dumping and DCA, go with what helps you sleep at night."
+
+It's a new year on Wednesday, and I bet most of us will be putting $6k into IRAs and investing Thursday morning. Over on r/investing /u/SuperCaptainMan asked the [question](https://old.reddit.com/r/investing/comments/egl0a4/given_the_current_rally_will_you_be_contributing/) that is probably on many people's minds: Is it really safe to invest right now given the huge rally in 2019?
+
+As the top comment over there indicates, investing every year on Jan1 (and in general, investing as soon as you have money to invest, regardless of market conditions) is a great strategy. I'm a Schwab fanboy, so I'll link [Schwab's assessment](https://www.schwab.com/resource-center/insights/content/does-market-timing-work) of 5 investment strategies. Obviously Peter Perfect (who always invests at the low point of the year) comes out ahead, but Ashley Action (who invests immediately) almost always comes in second place. Dollar-cost-averaging, like Matthew Monthly, is not much worse than Ashley, and is forced on many of us who get our salary gradually throughout the year instead of all on Jan 1.
+
+Schwab's last two "strategies" of Rosie Rotten always investing at the yearly high point and Larry Linger only holding cash don't seem realistic. That is, they are an extreme version of being nervous about Jan1 during a rally, and imo too far to the extreme to be relevant. So I made up a new character for our story, David Dip, who waits for an X% dip off the all-time monthly S&P500 high before investing. If you are comfortable looking at graphs without explanation, [here they are](https://imgur.com/a/V4PzFpQ).
+
+I coded up David's strategy (and the other 5) in Matlab to see how they compare. ~~I'll post code in the comments.~~ I got the data from [ERN's SWR spreadsheet](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/). I didn't do any extra vetting of the dataset, and apparently it's slightly different than what Schwab used, so take this for what it is--casual data visualization by a random stranger on the Internet.
+
+David's strategy is unlike the other 5, because it takes a parameter. How big of a dip does there need to be to invest? I ran every integer percentage value from 0% (which should and does match Ashley exactly) to ~~20%~~ 15% (which is obviously too much, as you'll see). I expected to show that David's strategy is just like Ashley's when the parameter is low, and worse than Ashley's when the parameter is high. ~~What I saw is slightly different than that, but only slightly.~~ Edit: In the buggy code, it looked like the parameter could be as high as 15% and David was still doing fine, even slightly better than Ashley. In the corrected code, I see exactly what I expected. For values <5%, David is just like Ashley. But for values >5%, David is worse, and by 10% or 15%, MUCH worse.
+
+EDIT: In the comments, /u/Bigholebigshovel suggested that I not use Ashley as the baseline, but instead use Matthew Monthly (DCA). So I implemented a "Shovel" strategy that does DCA while waiting for a dip. So this looks like David, but Shovel will never hold cash more than 12 months. This turns out to be a very good strategy, assuming I haven't bungled things again.
+
+First, let's replicate Schwab's results to make sure my code is mostly correct:
+
+https://imgur.com/DYQb8wi
+
+Pretty close. My numbers are consistently higher than Schwab's, and I don't know why. Perhaps ERN is reinvesting dividends and Schwab isn't, or something like that. The trend is spot on, so I'm not going to worry about that.
+
+Next, I ran David's and Shovel's strategies over 78 periods of 20 years each. I computed the mean and median normalized return, where ~~Ashley's return (or David with parameter 0%) is set to 1.~~ Matthew's return (or Shovel's with parameter 100%) is set to 1. On average, Ashley does 2% better than Matthew, so you can imagine a horizontal line at 1.02 representing Ashley. David's line starts exactly at Ashley's value. ~~The result shows that David outperforms Ashley by an average of ~1% when the parameter is set perfectly.~~ The result is that while Shovel is fine at any parameter, David is only OK as long as his parameter is very small, <5%.
+
+~~[Not going to link to the old, wrong images, though they are still in the album]~~
+
+https://imgur.com/QtLdI6S
+
+~~Remember, that's 1% over 20 years, meaning a few basis points per year. But actually, I think this result is very encouraging! If psychologically you can't bring yourself to invest during a rally, don't! Just make sure that as soon as there is a dip of 5-10%, you invest. If you only wait for headline-making dips of 15% or more, your returns will suffer.~~ 
+
+I think the right way to interpret this is that if you can't stomach the thought of lump-sum investing on Jan1 when the market is at an all-time high, do DCA instead while you wait for a small dip.  Also, David and Shovel *never* sell stocks once they buy in (and neither did Peter, Ashley, or anyone else). In other words, this strategy only applies to new money.
+
+What market conditions cause David's strategy to be especially bad? Well, a very long rally with no dips, obviously.  Here's one example:
+
+~~[Not going to link to the old wrong images]~~
+
+https://imgur.com/9bmuM0j
+
+~~[I removed a lot of irrelevant commentary here]~~
+
+How about the market conditions where Shovel doesn't do well? Well, to be honest, it looks like random noise to me, and I don't see any trends or patterns that predict when Shovel won't work well. This is a good thing, by the way.
+
+That's all I've got. I made a couple plots of the PDF of David's return, so maybe I'll tidy those up, label them, and add them to the imgur album. I thought this was an interesting and mildly surprising result, so I wanted to share.
+
+Happy (almost) New Year!
+
+ETA3: Code is in github. I'm not a github expert, so tell me if you can't see this: https://github.com/plexluthor81/pf_play/blob/master/strategies_for_30yr_investing.m
+Last night three of the five devs went dark after selling 90% of the dev marketing wallet. This inexcusable act created panic and unrest within the community. The market cap had dropped 80%. One of the remaining developers, Emotional\_Can2279 (telegram handle), without hesitation, jumped into the voice chat in Telegram as it quickly grew to over 100 people demanding answers, demanding justice. The message was clear, though this unethical deed has been done, we will come together as a community, we will rally, and we will overcome! 
+
+Within the last few hours our market cap has increased by nearly 200% with our community becoming more engaged than ever before, shouting from the roof tops and hill sides from all over the world, we will not go quietly into the night. If anyone thinks that this action could kill the project or destroy our community, 420x is the phoenix born from ashes, we will rise again!
+
+As we look forward to the future of 420x, the remaining team is here to stay and we know that the community is indeed our greatest support, our greatest asset. 
+
+**Plans for the upcoming week**:
+
+1- Website relaunch  
+2- Designated wallet for charity to give back to the 420x community  
+3- Possible nft fundraiser 
+
+**Do your own research with these 420x Official Links :**
+
+CoinMarketCap: [https://coinmarketcap.com/currencies/420x](https://coinmarketcap.com/currencies/420x)  
+Telegram : [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X)  
+Website : [https://420xcoin.com](https://420xcoin.com)  
+Contract : [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) (Audited by TechRate)  
+Buy here on PancakeSwap(Use V1) : [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a)
+While I am happy for those of you who are 25 with a net worth of $400k, I can't help but to feel like I am significantly behind the curve.  
+
+My story - grew up dirt poor (i.e empty fridge poor), took longer than most to get to university, graduated with a ton of debt, and spent my 20s paying down debt and finding my way in the working world.  I am now in my 30s and trying to build a little financial cushion.  I won't mention my "net worth" as I don't want to associate my worth with such a low number lol.  I will say though, I save 55% of my net pay now so my story will be different in 15 years.
+
+Again, I really am happy and proud of you young cats who are doing so well but there must be others on this thread who have dealt with some set backs in life that has put them behind.
+
+Update - I wanted to delete this post as soon as I posted it but I am glad that I did not.  Always feel uncomfortable opening up about my past but I am glad that I did if it gives some comfort to those of you who are slightly behind the ball.  Now let's keep on decreasing our expenses and saving so that we can reach financial freedom some day in the not distant future!!
+ Since  its’ Q2 earnings call a few weeks ago, Intel Corporation (INTC) shares  have plummeted 20% upon announcement of problems with its’  next-generation 10nm and 7nm manufacturing processes. The massive  collapse has led to widespread attention among investors, but in reality  the situation has been years in the making for those who’ve been paying  attention. Today I’d like to look at some of the technical decisions  Intel made, why they’ve caused problems and the implications of that on  their future.
+
+**Lithography techniques**
+
+Lithography  is an incredibly complicated process that forms an incredible  competitive advantage for those who master it. In simple terms, you put a  template of circuit designs (photomask) on a silicon base (wafer) and  shine a powerful laser on it [\[1\]](http://www.lithoguru.com/scientist/lithobasics.html).
+
+Over  time, people tried to fit more transistors in the same area – this  would lead to increased performance capability, lower power consumption  and various other benefits outlined in Dennard Scaling\[2\]. This becomes  progressively more difficult over time, as you’re trying to cram  transistors into areas thousands of times smaller than the width of a  hair. The industry ran into a particularly tricky wall around the 20nm  mark, since the size of the laser you used to ‘print’ the circuit design  became so relatively big that it couldn’t reliably follow the  complicated patterns needed for all the transistors. Two schools of  thought developed to address this problem – patterning (using more than  one photomask, each with simpler diagrams, and lasering the wafer with  each of these templates separately), and EUV (extreme ultra-violet,  using radiation with much smaller wavelengths than traditional). Intel  saw success with dual-patterning (two templates) on its’ 22 and 14nm  process, and chose to go one step further and pursue quad-patterning on  its’ 10nm process.\[3\] Meanwhile, its’ competitors TSMC and Samsung chose  EUV. \[4\] For reference, Intel themselves have also chosen to pursue EUV  for their 7nm process. That might give you a hint as to which was the  right choice…
+
+Other terminology  I’ll be referring to in this piece are yield (how much of a wafer is  actually useable) and monolithic (the whole CPU is cut out of the wafer  as a single piece of silicon) vs chiplets (the CPU is formed from  several pieces of silicon stuck together)
+
+**The problems with 10nm**
+
+Back  in 2013, Intel was in it’s prime. It dominated the CPU market with  >90% market share, and was pursuing a tick-tock strategy with its’  chips – every two years you would have a die shrink ‘tick’, then the  alternating years you would have a microarchitecture change ‘tock’. In  the roadmaps released by Intel, they planned to have their next ‘tock’  of 10nm in 2016. The ‘tick’ – Skylake architecture came, but the ‘tock’  never did. Even today, 4 years after it was supposed to be released,  10nm still isn’t really here. On paper, it was launched with Cannon Lake  in 2018 – but the total number of those are in the thousands, if not  hundreds. On paper, the ‘mass-market’ generation Ice Lake launched in  2020 but they have incredibly limited supply and offer inferior  performance to Intel’s own 14nm offerings. \[5\] The latest update is that  desktop and datacentre chips will come in the second half of 2021 – but  for reasons we shall soon see it is my opinion that these will yet  again be flops. In fact, it is my opinion that 10nm is a total writeoff,  and that the design decisions taken at a very early stage have doomed  it to failure.    When you use lithographic techniques, you are bound to  have some defects in your wafer. After all, creating billions of  devices tens of atoms in size isn’t going to be perfect. Patterning as a  lithographic technique inherently has a higher defect rate than not  using it – you’re basically going through the same process multiple  times, thus increasing the chance of defect dramatically. As I mentioned  earlier, Intel is using quad patterning in 10nm – this means their  defect rates are going to be sky high. At the same time, their usage of a  monolithic die compounds this problem for high-performance, high core  count CPU models. As you can see from the blue wafer below, it’s  difficult to draw large squares (high-core count models) that are  without defect. In comparison, the red wafer is AMD’s chiplet approach,  built on TSMC’s less defect-prone EUV process.
+
+(Sorry, I copied this post from my blog to not self-promote but I can't insert the relevant pictures here)
+
+Since  you can paste together multiple small CPUs into one bigger one, you use  a far greater percentage of the wafer, cutting costs and letting you  freely choose however many high-performance chips you want to build.
+
+Of  course, it’s impossible for anyone outside Intel to know the exact  numbers for the defect rates, yields and unit costs for 10nm. No doubt  they are improving as time goes on,as they always do with a maturing  architecture. However, I can say with certainty that
+
+1. they are currently not yielding at rates that could let them release high core-count server chips in any volume, EVEN AT A LOSS
+2. The  margins on 10nm will NEVER reach the heights that Intel has  traditionally seen. Intel has enjoyed gross margins of above 60% for the  last decade. In my opinion, if Intel were to replace their whole  product stack with 10nm, their gross margin will never rise above 30%.  The maximum price they can release their products at is capped not only  by AMD’s offerings, but more importantly their own legacy performance.  If Intel attempted to price at a level that would give them healthy  margins, their entire product lineup would be outcompeted by their 5  year old 14nm chips on a price/performance basis, and their customers  would have no reason to upgrade, decimating their revenues.
+
+These  are bold statements but I believe Intel’s actions over the past few  years, and their planned actions over the next few, support this view.
+
+When  you release a new generation of processors, you always want to have it  be ‘better’ than the previous generation. This may seem incredibly  obvious, but the only exception is when the design has such big inherent  flaws that you can’t physically do so. For instance, the Bulldozer  architecture AMD released in 2011 performed worse than their own  previous-generation Phenom II architecture \[6\], leading to  near-bankruptcy of the company, due to the flawed design of maximising  core counts from a belief that multi-threaded performance was the  future; while having the processor cores shares caches and FPUs,  massively reducing the multi-threaded performance of the architecture.  Intel finds themselves in a similar situation today. Their design  choices made back in 2013 mean that it is impossible to mass produce  10nm high core count chips. This would’ve been fine if their monopoly  continued and the mainstream continued to have 4 core, 8 threaded CPUs.  Indeed, they are producing Ice Lake laptop CPUs today that have 4 cores.  However, the resurgence of AMD with their high core count capable Zen  architecture meant that Intel were forced into raising their own core  counts to compete – there has been a doubling of core counts across  their entire product stack, which is fine on 14nm with its’ double  patterning, but not so much on 10nm. The limitations of 10nm mean that  current generation chips at the same price point from Intel have 14nm  massively outperforming 10nm, with the higher core counts outweighing  any density improvements that 10nm brings. Similarly, leaks for the  upcoming 10nm Alder Lake desktop and Ice Lake Xeon chips suggest that  the maximum number of cores on 10nm,28,  will be 33-50% lower than those  from 14nm \[7\] – not to mention AMD’s offerings which top out at 2.3x  the core count at half the price.\[8\] The persistent lack of chips on  10nm that can outperform their predecessors, despite us now technically  being on ‘10nm+++’, suggests that there is a fundamental barrier in the  technology that no amount of delays and extra engineering can get past.  10nm is rotten from the very first steps taken.
+
+**7nm and beyond**
+
+So  now we’ve established just how much of a disaster Intel’s 10nm process  is, what about 7nm? It should be better right? After all, its’ built on  the superior EUV, rather than SAQP. The market obviously expects it to  be Intel’s saviour, given the massive drop in Intel share price was  widely attributed to the ‘6 month delay’ in 7nm rollout. While I don’t  have nearly as much solid information to go on compared to 10nm, I just  want to note a few things. The exact words Bob Swan used in the Q2 call  were ‘we are seeing a 6 month shift in 7nm… 12 months behind our  internal target… we have identified a defect mode that resulted in yield  degradation’.
+
+There’s quite a lot  to break down here. Many people, including analysts on the call, were  confused by how 7nm could be both 6 and 12 months behind target at the  same time. Have Intel achieved quantum tunnelling of time? The truth is  that Bob’s claim of a ‘buffer in planning process’ as the reason, while  technically true, is incredibly misleading. In any typical launch of a  new process node, you spend a few months getting up to speed – running  the foundry through the whole process, troubleshooting, using the  produced chips as prototypes to send to OEM partners for them to design  products around, etc. You don’t sell the chips produced to anyone.  Industry standard is to call this period a tape-out, not a launch of a  new process – that’s when you actually produce chips that you sell to  people. Bob’s comment translated is that the process is delayed by 12  months, but they’re going to breach industry standard and ‘launch’ 7nm  when the first fabs start spinning up 6 months before they have chips in  any volume. Sound ridiculous? Well, Intel did the exact same thing with  10nm. Faced with mounting pressure over the constant delays, Intel  ‘launched’ Cannon Lake in May 2018. There was 1 CPU in the whole  generation, a dual core processor with a clock speed of 2.2Ghz that was  slower than the i3-3250 released in 2013 for $20 less than the 10nm  part. Not to mention it was nigh on impossible to actually buy one.\[9\]  Cannon Lake was an incredibly obvious paper launch, released to appease  investors at a time where Intel had just started up its fabs. Ice Lake,  the first 10nm architecture you could actually buy (in limited  quantities) shipped in September 2019, more than a year after Cannon  Lake ‘launched’. This ‘6-month’ delay is nothing more than an attempt to  sweetcoat a 12 month delay (assuming no further delays).
+
+The  second part of the comment, relating to a ‘defect mode’, is just as  interesting as the first. Intel are attempting to use GaaFeT technology  for their 7nm process, though there's conflicting information suggesting  they might move away from this if it proves to be too difficult. \[10\]  GaaFet, or Gates-all-around-Field-effect-Transistor, is a new and  unproven transistor technology that should overcome the technical  difficulties current transistor technologies face at increasingly  smaller sizes. Unlike normal process shrinks, this is going to a  completely new type of transistor and we only have one other comparable  in history – the transistor to a 3D FinFeT technology a few years ago.  With FinFet, the research process from having a ‘working prototype’  demonstrating commercialisation potential took 8 years. \[11\] Meanwhile,  the equivalent demonstration with GaaFeT took place 3 years ago.
+
+\[12\]  While FinFeT and GaaFeT are different beasts, it is undeniable that the  plans from Intel, and indeed all other foundries, are incredibly  ambitious. The latest leaks suggest that the ‘defect mode’ Intel have  ran into has to do with their GaaFeT implementation. If this is true,  you could easily see 7nm being just as much of a disaster as 10nm is.
+
+Beyond 7nm, there are some positives to be [found.](http://found.as/)  As we get even smaller transistors, it will be necessary for both EUV  and patterning to occur. It's likely that Intel will have an advantage  in this area compared to competitors due to their experience with 10nm.  At the same time, they are actively exploring chipletbased designs. They  might have been late in realising the benefits, but they've finally  come around with their EMIB, Foveros and big.Little technologies, all of  which I'll explore in a future blog post.
+
+**Conclusion**
+
+I’ll  leave it to you to decide what the financial implications of these  deductions are for Intel, but suffice it to say the baseline scenario is  far worse than what many people envision. There is no doubt that Intel  will recover from this fiasco, but at what cost? Will it require yet  another management reshuffle? Following in the footsteps of AMD,  outsourcing production fully and writing off its’ own fabs?  Acknowledgement that they will no longer be able to extract incredible  margins from their monopolistic position?
+
+References
+
+\[1\] [http://www.lithoguru.com/scientist/lithobasics.html](http://www.lithoguru.com/scientist/lithobasics.html)
+
+\[2\][Dennard,   R., Gaensslen, F., Hwa-Nien Yu, Rideout, V., Bassous, E. and Leblanc,   A., 1999. Design Of Ion-implanted MOSFET's with Very Small Physical   Dimensions. *IEEE Journal of Solid-State Circuits.*, 87(4), pp.668-678.](https://web.ece.ucsb.edu/courses/ECE225/225_W07Banerjee/reference/Dennard.pdf)
+
+[\[3\]2019 Intel Investor Meeting Presentation, slide 9](https://s21.q4cdn.com/600692695/files/doc_presentations/2019/05/2019-Intel-Investor-Meeting-Renduchintala.pdf)
+
+\[4\][TSMC PR release, 10/2019](https://www.tsmc.com/tsmcdotcom/PRListingNewsArchivesAction.do?action=detail&newsid=THHIHIPGTH&language=E)
+
+\[5\][https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake](https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake)
+
+\[6\][https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html](https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html)
+
+[\[7\]https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/](https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/)
+
+[\[8\]https://www.amd.com/en/products/cpu/amd-epyc-7742](https://www.amd.com/en/products/cpu/amd-epyc-7742)
+
+[\[9\]https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review](https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review)
+
+[\[10\]https://twitter.com/chiakokhua/status/1288402693770231809](https://twitter.com/chiakokhua/status/1288402693770231809)
+
+[\[11\]https://en.wikipedia.org/wiki/FinFET](https://en.wikipedia.org/wiki/FinFET)
+
+\[12\][https://www.researchgate.net/publication/319035460\_Stacked\_nanosheet\_gate-all-around\_transistor\_to\_enable\_scaling\_beyond\_FinFET](https://www.researchgate.net/publication/319035460_Stacked_nanosheet_gate-all-around_transistor_to_enable_scaling_beyond_FinFET)
+Many, if not most people see technical analysis akin to astrology. And that's fine, but with perspective, I do believe TA can be used to help us identify what is *more likely* to happen in the future.
+
+Unfortunately, the news is not good. I want to see massive gains as much as anybody, but I can not deny the obvious signs that another big dump could be on the way very soon.
+
+Here are some of the examples:
+
+The daily timeframe has been stuck in this descending triangle of resistance and support since May. Every day, the range has got tighter and tighter. We have bounced off the line of resistance seven times, and each time been rejected.  A descending triangle is *more likely* to result in a break to the downside.
+
+[Daily Descending Triangle](https://preview.redd.it/6vvmq3lybiu91.png?width=1492&format=png&auto=webp&s=30a6c6c6c792133ececd023f413613526ef6c1de)
+
+Even on the 2H chart, zoomed in, you can see the constant rejections of the past 24 hours off the resistance line.
+
+[2H Descending Triangle](https://preview.redd.it/75brjczeciu91.png?width=1491&format=png&auto=webp&s=f78ee60f1d2566f15740798a278bbbe8c6aa9c41)
+
+​
+
+If you compare the descending triangle some historic data, you can see the descending triangle forced the price tighter and tighter into the range. Eventually, after several weeks, this resulted in another move down.
+
+[2018 vs 2022 Weekly descending triangle.](https://preview.redd.it/p0xtzl8qciu91.png?width=2520&format=png&auto=webp&s=4d8deddb268436dcb064a6ffb540372867464321)
+
+​
+
+As I said, I of course do not want see us drop further.  This past year has been brutal. Is buying or selling now a risk? Yes. Could we break to the upside? Yes. Do I know anything? LOL, No.
+
+But I am preparing just in case.  Are you in a headspace that is ready to see a big drop very soon?
+
+​
+
+EDIT: Jesus. 7 downvotes and an award in the first ten minutes. WTF?  This sub is so weird... 
+My dad died yesterday in Beirut due to the explosion. I'm still shaken up about everything that happened but I'm wondering what I should be doing in order to get my family's finances together. I'm leaving Montreal today, to go to Beirut but I was wondering if there are any important things to do before leaving as I do not know how long I'll be staying in Lebanon. Most things were in my dad's name such as the phone plans and hydro bil,... Furthermore, he had his own business and I'm unsure of the steps to take. My situation is that I'm a 22 year old man, full time student although I have already alerted the university of my case and that I won't be coming back for at least a term. Any information would be much appreciated. Not sure if necessary to state or not but we're Canadians and the business is based in Montreal.
+
+I trying to do as much as possible myself in order to lessen the burden on my mom and sister.
+I just finished a fourth book that I found through this sub, so wanted to see if anyone had any other books that talked about spending/psychology of money from a FatFire perspective.  I have learned a bit from each of these books, and would love a few more!
+
+Also, here are the four books that I learned about here, in case you are interested:
+
+1. Die with Zero: Getting All You Can from Your Money and Your Life - [https://www.amazon.com/gp/product/B07T5LSF1J](https://www.amazon.com/gp/product/B07T5LSF1J)
+2. The Psychology of Money: Timeless lessons on wealth, greed, and happiness - [https://www.amazon.com/gp/product/B084HJSJJ2](https://www.amazon.com/gp/product/B084HJSJJ2)
+3. Strangers in Paradise: How Families Adapt to Wealth Across Generations - [https://www.amazon.com/gp/product/B00IB19XU8](https://www.amazon.com/gp/product/B00IB19XU8)
+4. Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich [https://www.amazon.com/gp/product/B0013TRQD6](https://www.amazon.com/gp/product/B0013TRQD6)
+
+Edited to add some focus to my post.  I always forget that there are so many perspectives on what fatFIRE is, as well as that most people here are not yet retired.  Ideally, I am looking for perspectives that will help me think about spending, to include the balance between how much I spend, and how much I save, keeping in mind that my passive income exceeds my spend rate.
+I was shocked, sad, and scared when I read this [post](https://www.reddit.com/r/mildlyinfuriating/comments/pvz8rm/my_grandmas_lunch_at_her_new_senior_living/) today on Reddit. Based on many emotional comments there, it seems not uncommon that the elderly had a tragic life when they were sent to a nursing home, where I thought it was supposed to provide professional care service to those needed.
+
+It makes me start to think about my family. For my aging parents, I'm not sure if I can look after them when they need long-term care. For myself, I have no idea how to have the last few years of my life with quality and dignity. While I'm approaching fatFIRE, after reading the aforementioned post, I even don't know if it's a problem that can be solved by money and how. 
+
+The fatFIREd, what's your plan?
+I saw that Tandem used to do them but for some reason they closed the 5% product recently and you can only get 4.85% now
+
+Late edit, apologies: Looking for an account that will give me interest on a large principal, so ideally not a regular savings one.
+# TLDR: GME goes up down up down up down 🎢, skip and read "Coming for the king" 🎯
+
+​
+
+Technical analysis is bullshit\*. But cycles are worth looking at.
+
+^(\*mostly, but due to algorithms and self fulfilling prophecies TA is sometimes relevant.)
+
+Cycles are well discussed on Superstonk, have a look:
+
+​
+
+https://preview.redd.it/u5ydryszznx81.png?width=2502&format=png&auto=webp&s=943e2eb29ecdf2113dcdd4078c20a48bfe4d42d8
+
+[Feels like this sometimes](https://preview.redd.it/ea9gxgzeznx81.png?width=1076&format=png&auto=webp&s=442fd93b7353dda35926be4352421c5a0a25b81c)
+
+​
+
+[Cycles 1-3](https://preview.redd.it/e0l6zd351ox81.png?width=1868&format=png&auto=webp&s=9cf037bac3a6654281ceec4bbba691ebb5b7fd99)
+
+​
+
+[Cycles 4-5 or 4-6.](https://preview.redd.it/gxikfl8i1ox81.png?width=1425&format=png&auto=webp&s=f7c24717e201ab4512cae5371af666e472eb6a14)
+
+Here are some calculations of price changes in the observed cycles. Cycle 4 and 5 are regarded as one cycle for now. Note that the days include market holidays and weekends but bars do not.
+
+Top to bottom: \[closing price\]
+
+    I. 40 bars 59d -46%
+    II. 39 bars 56d -51%
+    III. 37 bars 52d -22%
+    IV. 76 bars 112d -69%
+
+Bottom to top: \[closing price\]
+
+    I. 21 bars 30d +111%
+    II. 19 bars 27d +48%
+    III. 21 bars 31d +45%
+    IV. 10 bars 14d +141%
+
+Absolute lows:
+
+    I. 59d + 1 @ $136.50 (vs $143.22 close)
+    II. 56d + 1 @ $145.22 (vs  $146.80 close)
+    III. 52d + 1 @ $167.26 (vs $169.80 close)
+    IV. 112d intraday $77.58 (vs $78.11 close)
+
+Absolute highs:
+
+    I. 30d - 1 @ $344.66 (vs $302.56 close)
+    II. 27d + 1 @ $231.44 (vs $218.24 close)
+    III. 31d + 1 @ $252.20 (vs $247.55 close)
+    IV. 14d + 1 @ $199.41 (vs $189.59 close)
+
+( Absolute high begin of cycles )
+
+    0. 0d - 2 @ $348.50 @ 3/10/21 (vs. $264.50 close)
+
+Top to bottom: \[absolute low/high\*\]
+
+    I. -61%
+    II. -58%
+    III. -28%
+    IV. -69%
+
+Bottom to top: \[absolute low/high\*\]
+
+    I. +152%
+    II. +59%
+    III. +51%
+    IV. +157%
+
+\* Certain events are ignored. See chart notes.
+
+​
+
+# Latest cycle
+
+In the latest cycle things were different. A WSJ piece reporting that GameStop was working on entering the NFT market was pushed out in after hours - the information of the report was already well known on Superstonk. Just before and immediately afterwards the articles comes online the price starts surging to $174. The theory is that the shorts forced an early covering of the cycle during after hours, publishing a WSJ piece to justify it.
+
+It's also a theory that the push of options forced a IV pump: see the DD by /u/Doin_the_Bulldance:
+
+[https://www.reddit.com/r/Superstonk/comments/rzaj2l/short\_on\_options\_the\_afterhours\_iv\_pump\_and\_the/](https://www.reddit.com/r/Superstonk/comments/rzaj2l/short_on_options_the_afterhours_iv_pump_and_the/)
+
+This makes the fourth cycle actually consist of cycle 4 and 5.
+
+​
+
+Cycle 5 was cut off early when the price started surging up: by forcing a trading halt the cycle was ended. See this DD by /u/Lunar_Stonkosis:
+
+[https://www.reddit.com/r/Superstonk/comments/trlnd6/the\_halt\_was\_engineered\_they\_hacked\_the\_luld\_vwap/](https://www.reddit.com/r/Superstonk/comments/trlnd6/the_halt_was_engineered_they_hacked_the_luld_vwap/)
+
+Don't forget that just before the halts order books were showing prices of $450,000. Even Dave Lauer had to figure out wtf was going on:
+
+[https://www.urvin.finance/blog/the-conflict-of-interest-feedback-loop](https://www.urvin.finance/blog/the-conflict-of-interest-feedback-loop)
+
+# Cycle IV / V / VI theory
+
+Taking in mind that the AH pump was another cycle, here are more calculations on these cycles, xIV and xV.
+
+Absolute lows:
+
+    xIV. 1/6/22 intraday @ $121.14
+    xV. 3/14/22 intraday @ $77.58 (vs $78.11 close)
+
+Absolute highs:
+
+    xIV. 1/6/22 AH @ $174 [? better data source needed]
+    xV. 3/29/22 intraday @ $199.41 (vs $189.59 close)
+
+Top to bottom: \[absolute low/high\]
+
+    xIV. 31 bars 45d -52% [uses xIII. high @ $252.20]
+    xV. 45 bars 67d -55%
+
+Bottom to top: \[absolute low/high\]
+
+    xIV. 0 bars 0d +44%
+    xV. 10 bars 14d +157% [14d + 1 3/29/22 @ $199.41]
+
+Top to bottom: \[absolute low/high\*\]
+
+    xI. -61%
+    xII. -58%
+    xIII. -28%
+    xIV. -52%
+    xV. -55%
+
+Bottom to top: \[absolute low/high\*\]
+
+    xI. +152%
+    xII. +59%
+    xIII. +51%
+    xIV. +44%
+    xV. +157%
+
+​
+
+# The next run up
+
+What % is gme going down? Who knows. So far, cycles have had downturn percentages of -60, -60, -30, -50, -55%. Past % up price surges have been 150, 60, 50, 45 and 160%.
+
+If the next cycle behaves similarly to previous ones, the price will drop down to $99.71-$79.76 and up to $115.65-$259.25.
+
+Previous cycles have had a downturn period that lasted between 52-67 days (37-45 bars/trading days). To be specific, periods lasted 40, 39, 37, 31 (AH early covering?) and 45 trading days.
+
+The previous surges lasted between 27-31 days (19-21 bars/trading days). The surges of cycles 1, 2 and 3 lasted 21, 19 and 21 trading days.
+
+The surge of cycle 4 lasted 0 days: after the AH covering on 1/6 the price opened much lower the following trading day. The latest surge of cycle 5 was cut short on 3/29 by the forced halt and lasted 10 trading days (14 days).
+
+​
+
+[Predicted ending of downwards trend](https://preview.redd.it/r4m9d2752ox81.png?width=670&format=png&auto=webp&s=ebdf1ce85602ec1227524bd83ea005f6e4cad04a)
+
+​
+
+[Predicted start and duration of upwards trend](https://preview.redd.it/x4259jht2ox81.png?width=607&format=png&auto=webp&s=fa4789ab67e107dbe25d5d794756b7066f2f5259)
+
+​
+
+[Combination of price predictions. For the cycle, not for the squeeze. No precise target. Just up.](https://preview.redd.it/drxql1td3ox81.png?width=530&format=png&auto=webp&s=8a4f3eec6ca3abfff97e9dbd579ac26293b19ec6)
+
+​
+
+# Options?
+
+Does that mean you should buy options? I'm not a financial advisor, do whatever you want.
+
+The risks are clear though. Theta can eat away all your profits, cycles are in no way guaranteed to happen again, DRSed shares are a guaranteed success while options are extremely prone to fuckery. You can't DRS options: they will never be your own. They are overseen by the CFTC: another corrupt institution which has a lot of relations to Citadel (previous chair now works there). Buy/sell buttons of options are in the hands of distrustful sh\*theads, but with DRSed shares you are ensured no one can liquidate your position except you.
+
+[ Chairman of the CFTC: Citadel's Future Trading Criminals](https://preview.redd.it/v7n2bnzj5ox81.png?width=787&format=png&auto=webp&s=99db98ba038b3c0dfa44eec7e6aa5f4cca2583ad)
+
+# The GME "conspiracy"
+
+Essentially, the GME theories boil down to the following statement: Wall Street is extremely corrupt and greedy.
+
+Some call it a conspiracy and compare the GME community to other conspiracy ones, but obviously rich people being corrupt and greedy is very believable. To the general public more outrageous theories, such as the USA intelligence agencies illegally spying on all its citizens, turned out to be true.
+
+Remember: short-interest is self reported.
+
+[Source for self reported short interest rates of funds](https://preview.redd.it/pf9dnsi2wnx81.png?width=640&format=png&auto=webp&s=2744a1229cf829e245c9b054690bb3b0c5cbe193)
+
+It's becoming clear that the system is fucked up. A stock market pumped up massively by the FED and run by algorithms are cracking down: the stock markets keep getting closer to bloody red by the day.
+
+​
+
+[YTD](https://preview.redd.it/rjvjdr515ox81.png?width=1920&format=png&auto=webp&s=28e2c1fac84b84af7bd82b41dd6a40501ea58fa6)
+
+[Daily](https://preview.redd.it/u7lf67wnlox81.png?width=1875&format=png&auto=webp&s=6134b3cdfaf44d8a321ad3480708df8cd07db273)
+
+As the Jolly Roger pirate flag is used to intimidate a target crew into surrender, the market seems to be  turning into a pirate Blood flag: used to signal their intention to give no quarter. 🏴‍☠️
+
+​
+
+[🏴‍☠️🟥](https://preview.redd.it/ybb5hafjiox81.png?width=442&format=png&auto=webp&s=5cfc0c24bca208720c819294d422cd533cbc038c)
+
+​
+
+​
+
+# Coming for the king 🎯
+
+The previous two surges have been cut off short by very suspicious actions. This indicates that shorts are getting desperate: normal covering of the cycles as was done in the first three ones is seemingly not possible anymore. They cannot survive another cycle.
+
+Does Ryan Cohen know this?
+
+To fend off the shorts once and for all, the perfect opportunity is coming up. The next cycle is predicated to start surging somewhere between 5/19 and 5/24 and would last until 6/16 to 6/21 or 6/22 to 6/24.
+
+And guess what RC did... GameStop shareholder meeting on 6/2. Very likely during this meeting the number of authorized shares will be increased and the stock split through a stock dividend will become a reality ASAP, as stated in the proxy materials:
+
+​
+
+>If our stockholders approve this proposal at the annual meeting, **we intend to file** a corresponding Certificate of Amendment to our Existing Charter reflecting the approved amendment with the Delaware Secretary of State **as soon as practicable following the annual meeting**, at which time the increase in the number of authorized shares of common stock would become effective.
+
+​
+
+The stock dividend for a stock split not only forces shorted shares to close but also makes gamma squeezes much more affordable for retail. This is combined with launching the NFT Marketplace, which not only brings added value to the company but also gives GameStop an extremely solid legal foundation for a NFT dividend.
+
+All of this with well timed execution during the next surge up of cycle covering. Boom, MOASS.
+
+RC's masterplan is becoming clear.
+I recently graduated college in December with very little debt and in Late May I will be starting a job making around 95k a year. In the meantime i’ve been living with my parents but once I start my job I was considering moving into an apartment. Rent in my area is around $1500-$1800 a month for a 1 bedroom and if I find a roommate for a 2 bedroom it would be around $1200 a month. However if I stay with my parents for some time, the money I would’ve used for rent could be used on a down payment to buy my own home. Also I plan on purchasing a new car in the next few months which is another expense that I need to account for
+
+The cons of living with my parents include being subject to their rules, a weakened sex life and social life, weakened mental health, being treated like a child and more worries that I wouldn’t have had otherwise 
+The cons of living in an apartment include rent and fees, potentially having a bad roommate experience , potentially choosing a bad apartment, and simply a bigger overall opportunity cost
+
+I grew up not being a very social person and I’ve noticed that being home makes me even less social, while being away and surrounded by more outgoing people (like my potential roommate) allows me to branch out more and have fun.
+
+If you were in my shoes as a young professional looking to make the most of these years, what do you think the best decision would be financially and mentally.
+So, i have around 125k student loans and became a EE out of college making 80k a year. My parents also created a college fund (20 years ago) for me and it roughly has 110k in it. i have my own savings somewhere around 30k, but i am wondering if i should just not take the money out of the 110k fund and let that grow, liquidate my own stocks etc, savings to pay down the loans and continue to pay them off? Or should i just straight up liquidate the fund, pay off the student loans and start building from my own savings (the 30k)?
+
+EDIT1: Current living situation is i am living woth my parents for a year to stack cash, and pay around 400$ a month to them. so 500-600 monthly expenses.
+
+EDIT2: Thanks for all the comments and tips guys/gals. You guys gave me some good questions to ponder and actions to take. Thanks for the headwind. Probably wont be responding to too many more comments.
+As of yesterday I finally paid off my student loans in full. Yay! I've been throwing all my money at these loans for the last 5 years and it's finished.... and while I feel incredibly happy and relieved, I have a feeling of "now, what?"
+
+I'm focusing on building up my savings now that I have the means to do that. Once I have at least 6 months worth of living expenes saved up I want to start investing in my future but this is all new and I'm not sure what my best options are. 
+
+I have no kids. I have no credit card debt. I don't own a home. I have a partner, but we are financially separate aside from our rent/utilities. I've increased my contributions to my retirement plan through my work to 10% of each pay check, but I'm not sure what else to do to build up my savings. I've been looking at CDs but not sure if that is the best? This is seriously a world I know nothing about. I've spent so many years just focusing everything on paying off my loans that this is a little overwhelming. Any and all advice is appreciated! Thanks!
+Hey guys!
+
+First time poster here looking for any advice/guidance with my finances:
+
+27m living in major east coast city making \~$105,000/year. net worth \~$140,000. Living solo in a 1br apartment, which runs me $1,175/month. No loans, no car, no other monthly payments. Saving roughly $3,000-$3,500/month in cash.
+
+Current savings:
+
+* $28,000 in HYSA (earning 3% interest on the first $20,000 only)
+* $74,000 invested in Vanguard (85/15 in stocks/bonds)
+* $9,000 in Vanguard rollover IRA (contributed the $6,000 in 2020)
+* $33,000 in current job’s 403b
+
+Contribute 20% of each paycheck to Roth IRA, employer matches 4%
+
+I've read the flowchart; I have 6+ months of emergency funds saved, no debts, match employer, max 403. 
+
+My primary goal is to buy a house in the near future; however, I'm not sure if I’m truly sold on this commitment yet. Ive read on here to keep cash in HYSA for a house rather the market due to volatility. Torn between committing to saving all cash for a possible house or prioritizing retirement savings and invest it. I would prefer to put down a big down payment and do a 15-year mortgage if I were to buy a house. Any recommendations or thoughts on where to prioritize funneling my money? Thanks in advance, you guys are awesome.
+We did it! Block 600,000 was just mined along with the 18 millionth bitcoin! Cheers! 🥂
+
+-------------------------
+
+https://www.blockchain.com/btc/block/00000000000000000007316856900e76b4f7a9139cfbfba89842c8d196cd5f91
+-------------------------
+https://www.bitcoinblockhalf.com/
+I have a weekend job that I’ve been doing for a little less than a year. I earn about $300 for 16 hours of work per weekend. 
+
+I originally got the weekend job to help pay for my rent, however I just recently got a raise at my primary job that now makes my income sufficient for my cost of living. I also am moving to an apartment in August that is probably about $200 cheaper per month than my current place. So now, the paycheck from my second job gets deposited directly into my savings account. 
+
+It would be great to keep my weekend job and build up savings, but I recently had to take off 2 weeks for surgery. Now the thought of going back to work 7 days a week is overwhelming. 
+
+Currently at my weekend job I am getting paid to do about 5 minutes of work in an 8 hour day, because COVID-19 pretty much shut down most of our operations. So I am planning on keeping the job at least until I have to actually start “working” again. Which is potentially starting in August. 
+
+I’m just trying to get opinions on whether I should suck it up and keep the job after August. Maybe I should stay until I reach a certain amount in savings (right now I have a little over a $2000 emergency fund, but I could work on building more). 
+
+I owe about $9000 left on my car loan, so maybe I should be paying more on my car payments to pay off my car before I quit? I don’t have any other debt. 
+
+It’s a really easy gig even when we are at full operations. The hours are 6a-3p so I still have most of the day free in the weekend. Yet I still feel like it’s so draining to not get a single day off, I’m not sure it’s worth it anymore. 
+
+Sorry for the wall of text, but your advice would be appreciated!
+
+Edit: I sincerely appreciate all of the responses! I tried to respond to as much as I could during my work shift, but now I’m home so I’m going to attempt to decompress. You all have given me a lot to think about, and distracted me from a boring work day haha. Thank you!!
+I had 2 short 25 puts on PTON that I sold for .35 credit a few days ago when IVR was high thinking I was going to make an easy 70 dollars. I checked my account about an hour ago and I am at about 70% of max profit and for some reason I decided not to close out my position (I usually close at around 50% max profit as per tasty trade mechanics). About 10 minutes later I look and PTON has dipped and been halted. I then get notifications that my positions have been closed for about a $4.00 debit each. 
+
+The moral of the story follow your risk management and dont over leverage yourself. If I had more equity then I might not have had these positions closed.
+I saw some posts about theta idea(mostly wheeling) for small accounts. Is there any better strategy for a moderately large account(50-100k)? Or regular wheeling/buy and hold index fund is better for this kind of account?
+OK a diverse port doesn't suck, but I'm curious if anybody here who has a decent amount of capital chooses to work with 5 or less stocks. Reason I'm asking is because I do very well wheeling a couple stocks and everytime I think I should spread out my money for diversity's sake my returns diminish or even cost me. Yeah I get an individual stock can crash but I mitigate most of that by making sure fundamentals are stellar and not holding any contracts over an er. When I did buy and hold, I saw similar results. Let me hear your validation or curse of this (if u soared and plummeted wsb-style on some zero pe turd, I'm not looking for your insight).
+**Lets take the iDice ICO as an example:**
+
+[https://crowdsale.idice.io/sale.html](https://crowdsale.idice.io/sale.html)
+
+>The Popularity of iDice
+
+> The massive success of our beta release for desktop platforms has prompted many news websites to publish articles about us!
+All bets are public, provably fair, and can be verified for authenticity on the blockchain here in real-time.
+**Here are a few major cryptocurrency news websites that have featured us.** 
+>
+>It's no surprise we're getting so much news coverage. Since our beta release, we've been receiving players non-stop.
+Player winnings have totalled $250k in two months **with $0 spent on marketing**. 
+
+**They then list a bunch of news sites like Bitcoin.com and Bitcoinist.net. I did a little digging through the news sites and saw there was a similar trend between all the articles. They all mentioned something about being paid, not their opinion and press release. I wasn't sure what exactly a "Press Release" was so I Googled it to find out:**
+
+https://www.merriam-webster.com/dictionary/press%20release
+>Press Release:
+>an official statement that gives information to newspapers, magazines, television news programs, and radio stations
+
+https://www.merriam-webster.com/dictionary/sponsor
+>Sponsor: a person or an organization that pays for or plans and carries out a project or activity; especially :  one that pays the cost of a radio or television program usually in return for advertising time during its course
+
+**So, the terms Press Release and Sponsor doesn't have much to do with real news but generally a paid or promoted article by someone to spread some sort of message (Bullish sentiment, FUD, or whatever message). After digging through some history of promoted news, it got so bad in the traditional stock world that the SEC had to step in to stop false bullish news:**
+
+https://www.sec.gov/news/press-release/2017-79
+>SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors
+>
+>27 Firms and Individuals Charged With Fraudulent Promotion of Stocks
+
+*The SEC today released an investor alert warning that articles on an investment research website that appear to be an unbiased source of information or provide commentary on multiple stocks may be part of an undisclosed paid stock promotion.  Investors should never make an investment based solely on information published on an investment research website.  When making an investment decision, thoroughly research the company using multiple sources.*
+
+**Be careful of falling for press release traps. Lots of new people here and since this is crypto, it is the wild west and there aren't many regulations that apply to the traditional regulated stock market to protect you. Make sure that you are being cautious of your investment decisions and not falling for some hype.**
+
+**Here are what these press releases look like and what to look out for:**
+
+http://bitcoinist.com/idice-ico-investors-are-swarming-to-buy-tokens/
+>[Note: This is a press release.]
+
+http://www.newsbtc.com/2017/06/16/idice-transforming-gambling-industry/
+>Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members.  NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.
+
+https://news.bitcoin.com/pr-idice-innovative-online-casino-history/
+>This is a **paid press release**, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
+
+https://cointelegraph.com/press-releases/idice-ico-why-investors-love-idice-tokens
+>**This is a paid press release**. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. 
+
+https://www.cryptocoinsnews.com/idice-bringing-mobile-revolution-gambling-industry/
+>**This is a paid-for submitted press release**. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
+
+http://insidebitcoins.com/news/how-idice-is-changing-the-way-the-next-generation-gambles/57708
+>[Note: This is a press release.]
+
+https://bitconnect.co/bitcoin-news/592/idice-announces-mobile-gambling-app-ico/
+>The published press release on this page should not be viewed as an endorsement by us. The website or company may be unsafe, untrustworthy, or illegal in your jurisdiction. You should do your own research before investing money in any company or website.
+
+http://www.newsbtc.com/2017/06/08/idice-ico-mobile-ethereum-gambling/
+>Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members.  NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.
+
+**Why should they mention anything about opinions in the article and throw out a disclaimer if news should be unbiased in the first place? Another common denominator with most of these articles is that at the very end, they mention how great it COULD be or how great the ICO is at communicating or how how much money MIGHT be made.**
+
+**I also want to say that I am not saying iDice is a scam or anything. Just wanted to point out how deceiving  press releases and news sites can be as I thought that these sites were actually writing these articles on their own dime and how these news article titles are saying how amazing whatever ICO is when it was paid or promoted by someone with a bias**
+Because Reddit seems to be good at picking out winners not only in the short term, but in 4-5 year time spans as well… I’ve seen a lot of topics from 2016-2017 where people were bullish on companies like AMD (40x), MSFT (4x), NVDA (20x), TSLA (9x). Some were bullish on failures like GE, and Intel but even if you picked those as well, you still would’ve been up tremendously over the market.
+
+The stocks that Reddit were hyping 4-5 months ago and are still hyping up today, NET (1.8x), DKNG (2.5x), SQ (3x), ARKK (2x) have also done very well… And it’s not like these are short term stocks either. They all have huge growth opportunities 5-10 years down the line.
+
+In contrast on average it takes 7 years for an S&P 500 ETF to 2x. Statistically, it would take 7+ years for my investment in VTI to reach the same % gains as the investment I made in DKNG 5 months ago. Furthermore you’d have to wait 20+ years just for VOO and VTI to reach 8x valuations. Most of us would be in our late 40s, or early 50s by then.
+
+As a young person I’d rather take a medium risk, high reward opportunity, than a very-low risk low-reward opportunity.
+
+And yet over and over again, we’re told that very few people are able to beat the market, and you’re better off just dumping everything into an S&P 500 index fund and holding. But the more I lurk on this subreddit and various other investing communities, the more I question that statement.
+
+I’m thinking many people underperform the market because they make emotional decisions. They try to time the market, sell innovative companies for a measly 1.5x gain only to buy back again at a higher price due to fomo, liquidate everything on the slightest hint of bad news and so forth. Just like the statistic that got posted, where the Magellan Fund averaged 20% / year over 10 years, but the people who bought into the fund actually had a net negative. And overall there are far more investors like that in general rather than people who know to just buy and hold onto a stock with long term prospects.
+Good Morning Superstonk,
+
+I think the only thing for me to reasonably say here today is that nothing has changed, the shorts haven't covered, the company is definitely not going out of business and 5 million shares does not cover 56M+ Shares sold short. GME did beat earnings by 46% per share, we got a kick ass CEO/CFO team from amazon, and we are still gonna get listed to the Russel 1000.
+
+We already won the game, we are just waiting for it to end to get our kick-ass trophies.
+
+​
+
+If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/)
+
+Check out the daily livestream @ [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial)
+
+Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
+
+(save these links in case reddit goes down)
+
+Historical Resistance/Support:
+
+116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base...
+As the title says, i graduated with 36k in loans. After 3 years the total was a little over 40k with the interest. Can't begin to express how great [this feels](http://imgur.com/3ycN8Ib). The last year I really pushed hard and cleared ~24k since June 2014 which was half of my before tax income. 
+
+Edit, I am copying a comment I made below to put up here which explains the process i made to change my lifestyle and pay off my loans. Nothing is groundbreaking, and i didn't wear rags for 3 years, but minor changes add up to bigger ones.
+
+Two things made the biggest impact on me financially: Mint.com and a friend opening my eyes to financial responsibility. Around June my friend had paid off his student loans and I asked him how he did it. That conversation opened the door to talking financial investment, future growth, cost of loans and liability risks. From there I got Mint, started tracking my financials, and projecting how long it would take to pay off the loans. I saw my current timeline was much further out that I had thought it would be, and set goals on mint to finish it sooner. I could see real time how adding $100 per month would save me X dollars long term, would pay off sooner, etc. I became almost obsessed with putting every extra dollar into my loans multiple times a month. I ended up living as if my income was half of what it is, and started saying no to going out to the bars, going to nice restaurants, or saying i don't need that new shiny gadget. I've averaged 2k per month doing this
+It helped that I found a great place to live at a very low rent: $600 for the bottom half of a house. I also didn't have credit card debt weighing me down so I could put 100% of non living expenses into loans
+I should mention I did not become a hermit, I took vacations to cali, tennessee twice, and made random road trips where I could take time off. It became my reward for my frugality, and a much better alternative to an expensive lifestyle. I believe investing in those experiences held greater reward than anything else i could have done with that money.
+
+Also, in case anyone is wondering, here are my monthly expenses:
+
+Rent:600
+
+Car: 0, paid off
+
+Motorcycle: 0 paid off
+
+Utilities/internet: 0, included in rent
+
+Credit Cards: 0 interest since i pay off the statement every month
+
+Cell Phone: On a plan with my parents so I pay $50/month
+
+Insurance for my car/motorcycle: ~600/year. 200 for my motorcycle, 200 every 6 months for near minimum insurance on my car
+
+Other expenses like food, beer, gas, etc: i have a budget of 680, and every month fluctuates, but i'm generally 
+below that.
+Hello all. My friends and I (6 in total) are all recent college graduates or are going to be graduating soon (within the next 2 years). We all get along really well and think it is our best way to be able to move out of our parent's homes. We aren't the most financially savvy people though.
+
+Since we each bring in a modest income (or very little in the case of the students) we figured that each of us on our own would not be able to get approved for a mortgage on a house that would house all 6 of us. On top of that it would be kind of awkward if one person was the landlord for everyone else in the house.
+
+What would be the best way for us to go about getting a house that would allow us all to be present in the financing and ownership of the house so that one person does not have to incur all of the financial risk/burden of owning the home?
+
+Essentially it would be nice if we all owned the house equally as if we were married without actually having to get married. Would creating something like a 501(c)(8) be the way to go?
+
+If it helps this would likely be happening in Michigan. This is also something we plan on doing once everyone has graduated meaning we have some time to prepare. Hopefully this means the housing market will be a bit better.
+
+Any and all help is appreciated. Thank you!
+
+Edit: It seems like the overwhelming consensus is that this is a bad idea. Thank you all for a nice reality check before I did something stupid. Now if you will excuse me I have a very large bowl of crow to eat.
+interesting info from Jay Parsons, rental housing economist. He says rents dropped the most last month outside of the April/May 2020 lockdowns.
+
+​
+
+ [Jay Parsons on Twitter: "U.S. apartment rents fell for a second straight month, and the cuts are deepening. Effective asking rents fell 0.56% MoM in October 2022 (on a same-store basis). That's the 3rd-deepest cut in 12+ years, surpassed only by the COVID lockdown era of April-May 2020... https://t.co/9DP8N1jSbO" / Twitter](https://twitter.com/jayparsons/status/1587828659431215105)
+No doubt Coinbase has been overwhelmed, and given what I understand is a large influx of new users they are doing well.  In the past two weeks I've been ask by more people than in the past 2 years about crypto and I've directed them to Coinbase.  I've had some issues with recurring buys, but for the most part, they have been outstanding.
+
+My fear is that they are going to fall hard as a victim of their own success.  My financial well being of my family is in the balance because of Coinbase, and I don't like it, and I see little recourse.  I know some have seen matters resolved by posting about their experiences and I am hoping for the same.
+
+I was already well positioned in life being an executive at a technical company, but being a long term hodler of BTC and a participant in the Ethereum ICO promised to be life changing for my family.  At my company we're looking into doing my with crypto, and in fact, we opened a company account with CB just last week.  It has all been good.
+
+I am getting on in age and with tuition due for my children, it was time to begin taking some of these life-changing profits.  Or so goes the plan.  I've been buying from CB for years and transferring out to better secure my keys.  In anticipation of needing access to funds I requested an increase in limits for withdrawing.  The status indicates I'll have a response within 3 biz days, yet we are nearly a month later.
+
+It makes sense that something like this request might be delayed, but I still needed funds.  So I transferred funds to GDAX and sold.  My plan was to transfer to my linked account the max amount, and I was able to withdraw some funds over a period of time.  I am not trying to hide anything, so I am not structuring withdrawals, and I liquidated enough to cover taxes.  At this point I need access to the funds to meet my planned commitments, but for some reason my bank account is now under review by CB.  I cannot withdraw the funds to my bank account.
+
+I've inquired about it via support ticket but have had no acknowledgement.   It hasn't been that long since it went into that state, but given the projected 3 days response now at nearly 30 days with no response, I am extremely concerned.
+
+  I have been an ambassador for crypto and coinbase.  I am an executive with a income better than most.  I have not been using crypto on the darkweb nor selling anything illegal.  I am an investor and speculator.  I am a coder and I am trying to develop applications.  I use crypto to explore what is possible.  I have a family whose financial plans include a position in crypto.  Now is when I need access to the funds.  Now, when it is most needed, and it is now that CB is failing me.
+
+Are others seeing this issue, or had this issue?  What type of response should I expect?  I like coinbase and I want to continue to use them, but my faith is shaken.  I feel my family's financial health is in the balance, and CB is silent.
+
+TL;DR - Long time customer of Coinbase.  Linked bank account now disabled by CB as I've turned from buyer to seller.  Financial future is in the balance and CB isn't responding (I'm sure just overwhelmed) and no way to escalate.
+      
+UPDATE - 31-May - My account is no longer under review, however I still cannot withdraw funds!  Now when I start a transfer it tells me I need to further verify, but when I go to the link it congratulates me on being verified.  I've opened another ticket.  Oh, and my initial request for an increase in limit hasn't yet been addressed.  I do have sympathy for these folks as I know they are busting ass because of the growth, but I am hoping that my not having access to funds needed for life is seen as a priority.
+
+UPDATE - 4-June - Still locked up.  I am told that I need to upload my license (again) and picture.  I've tried repeatedly but I am having no luck with their app or website on multiple pieces of hardware.  I've asked for help but I am still left hanging.  It is frustrating because I need my cash.  I thought I was fully verified as I supplied my license ages ago.
+
+UPDATE - 5-June - Was able to verify my ID.  Everything is once again functional.  Thank you all for the help and advice!
+
+#What it means to us
+
+MyEtherWallet is probably the most used wallet interface out there.
+
+It has helped many of us to store (for some people huge amounts) of ETH on their offline devices.
+
+#The two people who made it
+
+All thanks to the efforts of /u/kvhnuke and /u/insomniasexx (Taylor)
+
+2 persons who wrote all of that code that you are using, during the nightlye hours they had left after their day job.
+
+#Coding effort: they both meant alot
+
+insomniasexx has performed 1080 commits, kvhnuke has performed 404 commits.
+
+I know, I know. For code, these numbers don't give the whole picture, but based on this and based on how I know these 2 individuals, I think **it's safe to assume** that they both had a 50/50 influence on the code base.
+
+My point is, Basically, we wouldn't have MyEtherWallet if we didn't have either kvhnuke or insomniasexx 
+
+#The Twitter handle
+
+The Twitter handle was in the hands of insomniasexx , and in the past 2 years, on the rare moments she wasn't writing **your** code, she was making sure the Twitter account for her product was being used extensively.
+
+With **5,779 tweets** sent out, and gathering **a followers base of 78,900**, that's a pretty darn job.
+
+
+
+#You
+
+Now you can put your popcorn away because this isn't actually a kvhnuke vs insomniasexx story.
+
+This community. You have used the MEW code to make life easier for yourself. To secure your hard earned money. And when there was panic in the room, they scrambled to fix shit. You demanded that. And they did it, for free.
+
+They worked their asses off for your convenience, and when you gave them shit, they read it and continued to improve their product. For you. For free.
+
+#Baby split
+
+Today something happened. Something went wrong between them and it was time to fork. We don't know what happened behind the scenes. But they've decided it was time to part ways, splitting their baby into identical twins.
+
+A name change for one of the forks was necessary, 
+
+because you can't call your baby twins Sarah and Sarah, now can you.
+
+kvhnuke was the chosen one to keep the original name. And Taylor had to rename her baby to MyCrypto.
+
+
+The Twitter handle, "that other" job that Taylor had, you know, the one of posting 5,779 tweets, gathering 78,900 followers and answering their questions, keeping them updated. **That Twitter account was hers to take with her.**
+
+So she thought it was okay'ish to rename it along with the renaming of her baby: MyCrypto.
+
+
+#You
+
+And then there was you again. You with your opinions. And your criticism. Like you always do. You aren't thinking about those ETHs that are sitting in your cold storage, or those tokens you bought through the MEW interface. Or the TheDAO token recovery process you followed back in the day for extra ETHs.
+
+
+No.
+
+You think this person who wrote 50 % of that code you've been using, did something **very very evil**.
+
+She dared. To change. The Twitter handle of MEW.
+
+#How could she!! /s
+
+
+
+Aren't you ashamed? I've been part of this community since 2015. I've seen the birth of MEW and how important it always has been for the growth of the Ethereum eco-system. I dare to say it has significantly sped up development and adoption globally.
+
+
+I'm embarrassed in your place.
+
+
+Only a fraction here seems to know what I wrote here above. I have heard people today who said **they don't know who Taylor is** but are convinced she is supposedly a thief either way who "stole" a twitter account.
+
+I'm so embarrassed in your place. 
+
+Can we please all stop this whole "report this" and "boycot that" mantra?
+
+tyvm
+I know it doesn’t seem like a lot, but it was half of what he normally gets paid. We just had a baby and for me to be able to take 6 weeks off of work (unpaid) we had every penny of savings (gone now) and income planned out. 
+
+My husband is salaried and was told he was to get two weeks off paid for paternity leave. We got two weeks off for our first baby too. He thinks maybe it’s because he ran out of LOA time because he had a surgery earlier this year, but he believed the paternity time was in addition to the LOA. 
+
+I’m not sure what to do now because we needed that money for our utilities and part of our mortgage payment, let alone food and baby supplies. Hopefully it was just a mistake and they end up paying him, but he’s been on hold for over six hours trying to figure out what happened. 
+
+I hate that just one small mistake like this can set us back for months.
+So yesterday I was kinda shilling for Safemars and I made about 4x which is great but I noticed that despite getting almost 10 new holders a minute the price is not going up, after digging a little more I found the dev has split a big chunk of the supply into multiple addresses and keeping his main address idle so everyone thinks the dev is holding but actually his selling through the other adresses in a slow pace and controlling the price, and when i posted this on the group I got banned. So take care guys.
+First, let's jump into and talk directly about the zeitgeist.
+
+Yes, it is heavily manipulated. Yes, there is a shortage. Yes, there is a case for the inflation adjusted price being disconnected from current market value.   Yes, it has industrial use. Yes, it's the metal on your wife's bf's cock ring.
+
+​
+
+You're not wrong, but theres some major issues.
+
+It's a 1.5 Trillion dollar market cap. There is a hard case for the WSB, if acting in collusion which it shouldn't, cause that's naughty, to move silver.
+
+Citadel, et al own a real stake in silver. Maybe deal with one issue at a time.  They would be enriched by this play, which effectively undoes doing them dirty.  Do you really wanna give them a reach around while you're savaging their red little asses?
+
+Think about who owns the physical good.  This would cause physical silver to rocket, enriching some pretty nasty despots (both political and financial). None of this exists in a vacuum.
+
+Every time someone has tried to mess with the silver market at scale it's blown up in their faces. Especially the Hunt brothers (Silver Thursday in 1980).  They literally lost their billion dollar family fortune in the mid 80's (from the stuff stemming from 1980)
+
+Precious metals are a far more liquid market, with far greater trading times, and more world markets effecting price.  This means there are more players.  WSB was the David in the GME story, and won't register on the Silver market. You have COMEX & LBMA.
+
+JPM is one of the big Market Makers.  Citadel et al aren't even a blip compared to JPM.
+
+I'm saying it's not even bringing a knife to a gun fight.  It's bringing a rubber band gun to a nuclear arms meeting.
+
+These MF's are gonna eat all your tendies for an appetizer and want more.
+
+​
+
+That said, the existing DD has had very very valid points.  Silver is logically a sound investment, especially after QE Eleventy Billion.  I'm saying bleach your mind of the thought of attempting to impact the silver market.
+
+​
+
+Relevant positions: A few hundred ounces of physical silver. And if ya'll trying to mess with this, I'm going long on $ROPE
+Hi r/ethtrader,
+
+I used to be a bitcoiner but I think that their fundamental values have changed, it's become too centralized for me to like (completely goes against what it stood for). I'm still holding about 0.8bitcoin, but I've turned my attention towards Ethereum. Coming with an open mind, why do you believe the "Flippening" will happen, and is now a good time to buy.
+
+Thanks guys
+I am considering an opportunity to move to the Central Coast of CA for work. I currently make about $115k which is good for this area and that would increase about 15% with the new job. My 3BR, 1400sq ft. house here in a good neighborhood is worth about $165k. When I start looking at houses out there, $165k gets you a mobile home...maybe. Since we'll be empty nesters soon, we can downsize some, but even 1-2 BR houses half the size are $4-500k and up. Everything else there is more expensive too, but the housing prices are what really made my heart stop. I'd love to move there to get away from the harsh winters, but I can't even conceive of how regular people can afford to live there with those kind of prices. So, how do they do it? How would I make this transition without selling a kidney?
+
+**EDIT:** First, some clarification. The position would be in San Luis Obispo. Not the Bay Area, not LA, not OC. Second, while I'm glad to hear about other areas of the country and even California, they're really not relevant except in the cases where it's also a high COLA area . Third, we do NOT want to live in a big city. SLO and the entire Central Coast of CA are pretty rural. Fourth, we ARE planning to downsize in general once the kids are launched and off living their lives. I mentioned this in a comment, but it seems I should have put it in the original post. We are very happy to trade "stuff" and square footage inside for opportunities outdoors, especially if they can be pursued year-round. 
+
+Some more background on me: I'm 51, I work as a mechanical engineer for an automotive supplier. I've been an engineer in a variety of industries for 20+ years. I enjoy the work and TBH, I don't see myself retiring until age 70+. (In the '08 recession, I was laid off for a year and after about 3 weeks, I was bored and started building a rocket engine in my garage, a project which did not end well.)
+
+Also, a big thanks to everyone who cared enough to comment. It seems that for this move to be feasible, I need to negotiate a much higher salary and relocation assistance etc. As to the possibility of moving to a different region/state, so far I haven't found any others that check all of the same boxes for weather, outdoor recreation opportunities and laid back culture.
+
+​
+With all the NYSE SEC rule 7.31 bad posts, I’ll do my part in combatting this new FUD. 
+
+First, most apes don’t understand why January sneezed (no this wasn’t SHF closing positions, nor was it retail). If you do understand, then you’ll also realize why at this point 10 months after the sneeze, the MOASS doesn’t require any retail buy pressure once it starts. MOASS occurs because SHF are closing their GME short positions. So who’s buying during this time? SHF. And what do they need? Your shares. 
+
+Halting trading for 2 days is the same as halting for 5 min, possibly worse for the SHF actually. Yes, it gives them a few days to think about what to do, but during all that time, apes are essentially forced to diamond hand and can’t sell. So you tell me who a trading halt actually benefits in this unique MOASS situation…
+John Ray, the new FTX CEO, is the same person who restructured Enron after its scandal. His take on FTX under penalty of perjury - "Never in my career have I seen such a complete failure of corporate controls"
+
+​
+
+https://preview.redd.it/uskxndamlq0a1.png?width=1174&format=png&auto=webp&s=5e5660e92552f816788e6ad247fda9b9b42395b0
+
+The company did not have any cash management system.
+
+\- Expense reports were approved by emojis over chat
+
+\- Corporate funds were used to buy real estate and personal items for employees
+
+\- Loans were issued without keeping any records
+
+https://preview.redd.it/ud459camlq0a1.png?width=1233&format=png&auto=webp&s=21e4483486166ba5bcfdd29c5ffa2ea2e1c223c8
+
+There is so much going on with the bankruptcy that a $1 Billion (yeah, with a B) personal loan to SBF by Alameda research is just a footnote! I am guessing it was for charity /s
+
+https://preview.redd.it/62csybamlq0a1.png?width=1205&format=png&auto=webp&s=19b21f1817aab7337ae534af90326ca98c8a2daa
+
+One of the worst findings was that there was no record of who made a particular decision. SBF used applications that auto-deleted messages and asked employees to do the same. Just as a reference for how crazy this is, imagine running a 1,000+ employee company on Snapchat.
+
+https://preview.redd.it/7hs7ffamlq0a1.png?width=1188&format=png&auto=webp&s=5388b42e8f96b2f1c32f3a690c0e05991e52dc0e
+
+Whatever minimal auditing was done was also done by firms of questionable reputation. (Ray has stated that he has substantial concerns). Audit for FTX(dot)com was done by a firm that stated that they were the first CPA firm to open its Metaverse headquarters in Decentraland.
+
+https://preview.redd.it/qjiemeamlq0a1.png?width=1177&format=png&auto=webp&s=334a2faed9983839b9616e10934841bd0ed743d7
+
+Most of the companies under the FTX umbrella did not have the right form of corporate governance. Some never even had board meetings.
+
+https://preview.redd.it/84x1ddamlq0a1.png?width=1162&format=png&auto=webp&s=10dbed1cd12132aa7709b5cd92dad360c91bdc94
+
+The corporate controls were so bad that the bankruptcy firms do not even have the full list of employees. Imagine running a multi-billion dollar company and not knowing which employees work for you!
+
+https://preview.redd.it/sb40ogamlq0a1.png?width=1140&format=png&auto=webp&s=c2e2f06c1ffaf103677d7eeb8811bfb9e17e10a7
+
+For someone running a crypto firm, they kept no records of their digital assets. We have no idea how much crypto customers have deposited in the platform. SBF and Wang had complete control over the assets and **used backdoor software** to conceal the misuse of customer funds.
+
+https://preview.redd.it/eqd6rhamlq0a1.png?width=1037&format=png&auto=webp&s=9046ba38509cf8184df2db040d683b9dec6e2917
+
+The unaudited balance sheet provided as of Sep 30th (before the collapse) for FTX US stated total assets worth $1.36 Billion. **If** this is accurate, at least FTX US has more than enough to cover at least the fiat deposits (not crypto) of its customers.
+
+https://preview.redd.it/qndvojamlq0a1.png?width=1054&format=png&auto=webp&s=6a31b2d242999df89be139b65b316241a34feb4b
+
+Only $740M worth of crypto has been identified in cold wallets. There was an unauthorized transfer of $372M + in cryptos on the day the company filed for bankruptcy. Forensic analysts are now trying to find out what happened to the rest of the money.
+
+https://preview.redd.it/e1972lamlq0a1.png?width=972&format=png&auto=webp&s=671c3fa7b6a894bf43f19372d0430b371f02254e
+
+All in all, it does look like SBF knew what he was doing and did everything from not keeping records, auto-deleting messages, and backdoor access to avoid getting caught. This one's going into the history books.
+
+https://preview.redd.it/dp5stnamlq0a1.png?width=996&format=png&auto=webp&s=3b71c7b6e3efac3abce937f764694334d3487590
+I’m partner track professional services in a VHCOL city. Child free and that will not change. Single and that might change but don’t have confidence.
+My parents are comfortable - not rich but don’t need my help. I can make their lives better so I do with money and nice gifts. But they will probably never be totally dependent on me. In fact I probably stand to inherit close to $1M.
+
+I’m totally career focused and hoping to make partner in 2-3 years. My current life savings including 401k are mid 6-figures - low in comparison to my peers. My hope is that I can make partner and then retire in 5-10 years. I don’t own property and I assume all that will come after I make partner.
+
+Are you in a similar boat? How do you decide on your fatFIRE goal knowing that it’s all just for you?
+(IT guy views):
+
+Maybe, I don't have the full picture but it seems their products are only "put a cool UI and automate some data tasks".
+
+All  the things I saw in their presentation are perfectly manageable if you  hire proper IT people. We don't need UI to prepare data from different  sources, link the data, run AI models etc. We can do it in days or weeks  not years like they are trying to sell you.
+
+Maybe they will faciliate some tasks for companies without good sized or skilled IT teams, I dont' know...
+
+Their  UI seems very interesting and well designed, I can give that. But I m  sure we will be quicker with a simple linux terminal (joke) :)
+
+I  see their products like "Channable" for data flow management but with  all the AI hype (\*\*Channable is a small tool to prepare data to be sent  to shopping marketplaces).
+
+Like I  said, maybe I don't have the full picture based on their presentation  and I don't know any figures related to their valuation etc. But for a  pure technical point, I don't see anything in the core plateform that is  a big whaooo effect (except their UI).
+
+If  I need to think about a road : they maybe will be a 3d engine like  Unreal Engine or Unity but for data linking, preparation, and IA models  (the tool that groups up the techs in a simpler way).. but I have a  doubt.
+
+Can be cool if someone has complete different views on that.
+I am sitting in the Beijing airport waiting on a flight to Tokyo. It's been delayed, so I thought I would check in with my favorite FI community. 
+
+I really admire those of you that can track every dime you earned or spent for the last 15 years. Some of you talk about 3.x percent as your SWR. Close examination of fine details is not my personality, nor how I live my life. I am more of a big picture person, and I am comfortable with unknowns.  Before I FIRE'd, I tracked expenses and net worth and aimed for na 4% SWR.  But my calculus was back of the napkin compared to you all that have years of spreadsheets.
+
+So what got me to close on retiring from my career (9 years of training, 18 years in practice)? Pulling the trigger and retiring is not easy. It is always going to be a leap of faith. I think folks here convince themselves that there is little or no risk by having the bullet proof safe withdrawal rate, but there is always risk.  
+
+For me, I had zero ambivalence about quitting my career.  It was 100% the right thing for me - I was going to die younger if I kept sitting in a chair and I am very passionate about living my best life. My SO and I were on the same page about the plan we had together. Finally, I got comfortable with my loosey-goosey back of the napkin FIRE math by building a side hustle and demonstrating to myself that part-time, I could earn as much as I would ever need in a worse case scenario. 
+
+Now I am FIRE'd for the last 18 & 1/2 months. I just got a 1099 from PayPal indicating that last year I grossed ~$50k in my part time side hustle (about 40k net). I am taking a month away to explore Japan - one of the few bucket items I have had since my early 20's. 
+
+I am really glad I retired and did not let the uncertainty of that decision force me into additional years of career work. I love putting in the time trying to live my best life, instead of selling my time to a job. I hope this doesn't come off braggy, I don't mean it to. Rather, I just want to let others that are like me know that you can FIRE imperfectly and still be OK. You may have to build in tolerances like a side hustle or geographic arbitrage or something else that makes the math work. Best regards.
+My thoughts on why the entire crypto market just tanked... (tl/dr)
+
+The people behind B cash thought that this would be the perfect time to launch a full-scale and highly coordinated attack in it's never ending attempt to become 'the one true bitcoin'. 
+
+1) They had that idiot Swede from bitcoin.com come out and announce on every media outlet he was 'selling all his bitcoin, because it's useless'. 
+2) They then began a well orchestrated FUD campaign that included paid click-farm shills posting everywhere about how Bitcoin will crash there's is the better solution... 
+3) At the same time Roger, that idiot Swede and others from the Chinese mining groups who collectively hold hundreds of thousands (if not millions) of BTC began dumping just enough to steadily drop the price and reinforce their message... 
+4) Add in spamming the network with fake transactions to slow things even more...while shouting "See, we're right..."
+
+....All timed to be within 24 hours of the Coinbase announcement. 
+
+Clearly a well planned power play and It was clearly successful... (sort of)
+
+Roger Vers and the Swede and the Chinese miners? They all made a shit ton of money. Maybe you did too if you got out in time so who cares right? 
+
+You should care.... this past week was an important week for all crypto as it was the first week of real Wall Street money coming into the market with CME futures (5x bigger btw then CBOE). It was widely known that many investors would be waiting to see how things went, to see if it was too volatile, too manipulated... And guess fucking what? 
+
+Today Ally Financial announced it has changed it's mind and won't allow its 1m+ customers to trade Bitcoin futures.... people are reading about how corrupt the crypto space is with the Coinbase insider trading scandal... and tomorrow morning they will all wake up to read about how it crashed... And they won't seperate out one coin from another... to them it's all the same and Bitcoin is the leader.
+
+So... the truth is we will recover but make no mistake, the bullshit greed war that Roger the fucking felon started has set back the entire market as the 'institutional money; we all hoped would flood in is now saying "No fucking way"... That and the Roger cartel dumping of BTC in an attempt to get it closer in market share is why we are tanking. 
+
+Now go on, flame me back... I expect it..I'm happy to provide references to all of the above (or you can google it yourself). 
+
+So realize this.. the threat to crypto is not just from governments or Wall Street or some hacker stealing your shit, it's from greed. Greed from within... 
+
+Or maybe not. What the fuck do I know :)
+
+
+Interested to know what kinds of things you possibly wasted money on this year, or poor financial choices of this year etc (either by accident/unintentionally, or knowingly).
+**April 26, 2011**
+
+**The Final Message**
+
+Satoshi sent this message to early Bitcoin developer Gavin Andresen as a response to Andresen talking about Satoshi in the press
+
+***“I wish you would stop talking about me as a mysterious shadowy figure. The press just turns that into a pirate currency angle. Maybe instead make it about the open source project and give more credit to contributors. It helps motivate them.”***
+
+Satoshi did not want to be the leader or founder figure of Bitcoin. He wanted it to be a pure open source project created by and for all of humanity. It was clear from the beginning in every decision he made and his actions make more and more sense after he left.
+
+Even 6 months before this final message, there were already signs that Satoshi would leave. In December 2010, he removed his name from Bitcoin's SourceForge license document and updated all email contacts on Bitcoin.org to other developers. Satoshi's last public message on Bitcointalk was on December 12, 2010. Through Gavin, he asked all the volunteer developers to take the project forward.
+
+This was Gavin's message on behalf of Satoshi shared to Bitcointalk forum on January 13, 2011.
+
+“So who is willing and able to help out? Don't ask permission, just jump in, grab a bug that catches your interest, add comments to it as you start to figure out what the problem is (or isn't), and submit a PULL request when you have a fix.
+
+Your reward will be recognition, admiration and respect. It is time to take bitcoin from, essentially, a single-programmer project to a robust open source project with lots of contributors.”
+
+By studying the early history of Bitcoin it's clear that Satoshi only planned to stay as long as he was needed to get Bitcoin up and running. Once others started chipping in, he knew his work was done and he left.
+
+Today there are hundreds of Bitcoin developers but you may not know that they don't get any salary to work on Bitcoin. They are supported only by sponsors and donations. If you hold good amount of BTC, maybe you should consider donating at least 1% to Bitcoin FOSS developers.
+Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. 
+
+***
+
+The thread guidelines are as follows:
+
+-  All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above.
+-  This thread is intended as a welcome place for discussion of all non-Ethereum related crypto.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+My employer uses Valic for our 401k. Not too surprisingly, Valic (at least with our company) requires you to set up your 401k through a representative of theirs, rather than letting you create an account and pick funds yourself. I was extremely dubious of this when my HR person told me this as I knew exactly what was going to happen - lots of pressure into high-fee funds under the guise of helping me make good choices.
+
+Overall, all of our fund selections suck, with the cheapest ones having an E/R of 1.3%. Some of them went as high as 2.x%. The entire phone conversation was nothing but this rep trying to talk me out of index funds and into more expensive actively managed funds, often a full 1%+ more expensive. He didn't try just once or twice, but five or six times before he finally backed off, accepted what I wanted, and told me he would reach out to me in a few months to see what changes I wanted to make.
+
+I'm actually fuming about this because I'm sure he coerces most of my coworkers into these shitty, expensive funds. Almost all of them had a 10 year average of performance below their US market funds, which he tried dancing his way out of by saying that "when they have a good year, it's a GOOD year".. as if that totally made up for their lacking performance and higher fees.
+
+I'm smart enough to realize everything he told me is bullshit, but not smart enough to explain what he's doing in terms of numbers. I'm going to write a letter to my HR person describing the BS he was pulling, but I'd also like to give examples of how much he could cost the average person in terms of higher fees. Can someone direct me to how I would calculate comparisons of x contributions with y and z fees? Any help is greatly appreciated. Thanks
+Hey guys need some advise here.
+
+I'm 30 years old, had a decent job saved a lot of money never had issues with money perfect credit all that. An opportunity arose to open a business and I took the chance put every dollar I had into it and it's now been a failure and I've basically lost 120k cash, and just to keep the business a float I used credit cards that led to over 40k in CC debit.
+
+I've been looking for a job for the past year with no luck but something has just arose and I should be getting a part time job about 24 hours a week at 18 dollars an hour. I'm currently living with my parents so I don't have any rent to pay, I can't afford a car, and still owe 4k for the car that I haven't been able to pay off since no job no money no payments. 
+
+I'm starting to get worried about the CC debt because it's been almost a year since a paid anything and the phone calls are getting more frequent and my credit is now destroyed. I plan or was planning on getting engaged moving out and starting an adult life by now but that business investment completely destroyed all my plans, cause me to go into a bad depression and even led to drug abuse which was never a issue for me. So you can see how things are just piling up and up and up and it's going to soon crash if I don't do something about it.
+
+When I start this job which is supposed to become full time after a few weeks I should be able to at least get back on my feet somewhat.
+
+I guess what I'm asking you is what can I do about this CC debt? I hear and read I can negotiate with the collectors, not sure if that true or not.
+
+If anyone has the time and could put there feet in my shoes and explain exactly what you would do to get back to a normal debt free life please help. 
+
+I received a letter from the IRS today and it appears to have been opened.  
+
+Of course, the IRS prints your SSN all over their mailings.  
+
+What do you guys do to protect / monitor to protect against fraud?
+(brace yourselves, serious first world problems incoming)
+
+Long story short, I won the career lottery and am making somewhere around $500k / year at the ripe old age of 26 (tech in Silicon Valley before anyone asks). I've been doing this for a few years, so I have around $2M saved up by now.
+
+I'm starting to get kinda burned out by all the work though, and am considering taking a bunch of time off after another year or so, somewhere in the range of 1 year - forever.
+
+I have no idea what I'm gonna do after that. If I wanted to, I could pretty safely return to tech and make like $350k/year until a proper retirement age. Or I might decide that's all a waste of time and just go pursue my passions full time (... none of which are going to make any money anytime soon).
+
+The (highly first world) problem is, I have no idea how I should be budgeting my lifestyle in the meantime. If I do end up going back to work in tech, I can easily afford things like a baller apartment in manhattan, crazy vacations, etc. starting immediately. If I end up screwing it and FIREing super early, there's no way that would be sustainable with "only" $2M and I should continue a more regular (though still comfortable) lifestyle.
+
+Seeing as these numbers are well out of the normal boundaries of /r/financialindependence, does anyone have any words of wisdom as to what extent you would continue saving and living at a 3-4% or whatever withdrawal rate now, or forgetting the delayed gratification and just eating your marshmallow now?
+$GEMS is a hot new utility token which aims to provide a one of a kind NFT marketplace combined with an advertising platform and charity donations focusing on kids with cancer around the world.
+
+**What sets $GEMS apart from the rest?**
+
+💎 $GEMS has already been listed on Coingecko one day after launch
+
+💎 $GEMS CMC listing has already been submitted
+
+💎 Devs are based and transparent, they are proven to deliver on every promise
+
+💎 It has a live utility bringing in revenue
+
+💎 Project is backed by a strong and solid community
+
+💎 $GEMS has already been audited by TechRate prior to launch
+
+💎 Initial token burn (Completed)
+
+💎 Solid marketing campaign
+
+💎 3900 Strong holders
+
+​
+
+🔥 **Utilities**🔥
+
+* Advertisement platform (LIVE)
+* NFTs
+* E-commerce
+* Staking
+* Charity
+* Data Feed Provider
+* Trading Tools
+
+🔥 **Advertising Platform Profit Distribution** 🔥
+
+* 50% - Buy Back & Burn
+* 30% - Charity
+* 10% - Maintenance
+* 10% - Development
+
+🔥T**okenomics** 🔥
+
+* 1,000,000,000,000,000 $GEMS total supply
+* 10% tax on every Transaction
+* 5% reflection
+* 3% liquidity
+* 2% marketing
+
+📊Contract: 0x48a64f116ce221fd7c1119775ba7892701f9911d
+
+📝 Smart Contract Audit: [https://github.com/TechRate/Smart-Contract-Audits/blob/main/GemSpree.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/GemSpree.pdf)
+
+🥞 Pancakeswap V2 🥞
+
+[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x48a64f116ce221fd7c1119775ba7892701f9911d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x48a64f116ce221fd7c1119775ba7892701f9911d)
+
+🦎 CoinGecko ����
+
+[https://www.coingecko.com/en/coins/gemspree](https://www.coingecko.com/en/coins/gemspree)
+
+Stop buying into useless coins with no utility! Check them out and join the strong and growing community. Links below ⬇️
+
+🌐 Website: [https://gemspree.finance](https://gemspree.finance/)
+
+📱 Telegram: [https://t.me/GemSpreeeOfficial](https://t.me/GemSpreeeOfficial)
+
+🖥 Twitter: [https://twitter.com/gemspree](https://twitter.com/gemspree)
+I am in my late 20's with a net worth of $500k and recently just walked away from my job due to an unfavorable restructuring process. My wife just graduated with her masters in a niche field and is guaranteed at least $120k per year starting pay, and when I return to the workforce my projected earnings will be similar. 
+
+Since my wife and I are between jobs with no kids and no real need for immediate income I want to utilize the time in the best way possible. I am thinking along the lines of studying with monks, climbing a mountain, learning a new skill etc. We are already very well traveled so it doesn't necessary have to be travel per se, but I am not opposed to it either. 
+
+So I am looking to crowdsource ideas, if you could do anything you wanted right now with a 20-30k budget over 2-3 months, what would you do?
+You are probably wondering why the stock market has had any rallies at all, let alone ones this big, considering how bad things are looking. And obviously no one can tell exactly where the market should/shouldn't be. Nothing really makes sense now. But here are just some things to consider.
+
+ 
+
+**First, the stock market didn't drop JUST directly because of Coronavirus infection count / death count expectations, and expectations of bad earnings.**
+
+There were several combined factors that stacked on top of each other, kind of like a chain reaction.  (This isn't an exhaustive list)
+
+Easily Predicted / Expected Results: 
+
+* People greatly reducing spending and staying in
+* Much Less Revenue for Companies
+* Drop in oil prices / Energy usage
+* Some kind of stimulus
+* Poorly situated companies going bust
+
+Not So Expected / Surprises: 
+
+* Saudi / Russia oil fight
+* Extreme stress in credit market / corporate bonds
+* Liquidity crisis
+* Western world being effectively *forced* to stay home
+* The fact that all this happened so swiftly at once
+
+
+I'm NOT saying we have / haven't already reached the bottom. BUT, I will say, I think the initial drop was so big and so fast, not because of the virus, but because of all the "surprise" factors. And a lot of these issues are being, or have been solved. 
+
+* Saudi Arabia and Russia reached an oil deal
+* The Fed pumped massive liquidity into the market, and bought not just investment grade, but junk corporate bonds (notice how the 'bottom' was the day the Fed announced the massive liquidity injection)
+* We are at least *talking about* returning to work, even if behavior will be different for a long time
+
+
+**So my point is,** yes, the market could go down further over the next year. However, I believe this recent rally is because we have at least solved the *current* major unexpected surprises. All of these things were causing increased uncertainty, which couldn't be priced in, so everyone just sold everything. The market is always forward looking, and people know this isn't going to last forever. It can price in bad or even terrible earnings, but it can't price in what it doesn't know, and *I think this recent situation was a rare instance where everyone knows just how much they don't know*, and that caused a huge spook in the market. With so much uncertainty being relieved, we're basically just having to deal with how bad earnings will be going forward, but not all the other stuff (of course, there could still be surprises).
+
+
+ 
+
+
+Going Forward:
+
+**Bear Case:** The market isn't saying that's the bottom, just that it was too premature before the shit *really* hits the fan. We'll see more negative surprises and this will last longer than people think. Everything was already overpriced, so we have further to go.
+
+**Bull Case:** We're still far down from the top despite the rally, and with so much liquidity, when we eventually get out of this, companies they will have even more firepower and cheap money to borrow to grow, possibly being in an *even better* position for the ones that survive.
+
+ 
+
+**TL;DR: I think the rally from the bottom is not because the market believes everything is fine now, but rather because it is adjusting to reduced levels of current uncertainty.**
+Guten Morgen to this global band of Apes! 👋🦍
+
+As we enter another week in the GME Saga, I am hopeful that this week brings resolution to some open questions from recent weeks.
+
+First and foremost is the fact that the DTCC mishandled the splividend.
+GameStop clearly stated that it would be a split by dividend, but the DTCC instructed brokerages that it was a standard forward split.
+ComputerShare delivered the shares for the split by dividend, but there is no indication that they were properly distributed.
+The intensity of the FUD campaigns over recent weeks makes me wonder if it's all a distraction from this egregious crime.
+
+Second, the whole situation with BBBY.
+Ryan sold his positions without any discernible hindrance to the run-up.
+The shills were still out in force, encouraging FOMO, especially if it got Apes out of GME to do it.
+Two days later, the price dropped precipitously on the revelation that Ryan had exited.
+This seemed like an engineered drop, given how aggressively the media was driving the narrative that Ryan had screwed retail investors.
+He did not.
+He screwed SHFs.
+
+Last week, Citadel borrowed $600m with very bad terms.
+This seems like a desperate move by desperate people.
+Where early in the GME Saga, they were propping up failing institutions like Melvin with billion dollar loans, they are now desperate for fractions of that amount.
+They are in an existential crisis.
+We have seen that they will take *any* necesary step to survive another week; another day.
+They just secured some more cash to ease that burden.
+They are careening toward disaster, hoping to shake us off before they are destroyed.
+
+Our Diamantenhände will HODL.
+
+Today is Monday, August 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟥 120 minutes in: **$36.12 / 35,92 €**  *(volume: 11979)*
+- 🟥 115 minutes in: $36.14 / 35,94 €  *(volume: 11926)*
+- ⬜ 110 minutes in: $36.18 / 35,98 €  *(volume: 10914)*
+- 🟩 105 minutes in: $36.18 / 35,98 €  *(volume: 10863)*
+- 🟥 100 minutes in: $36.08 / 35,89 €  *(volume: 10830)*
+- 🟩 95 minutes in: $36.17 / 35,97 €  *(volume: 10794)*
+- ⬜ 90 minutes in: $36.05 / 35,85 €  *(volume: 10620)*
+- 🟥 85 minutes in: $36.05 / 35,85 €  *(volume: 10540)*
+- 🟩 80 minutes in: $36.18 / 35,98 €  *(volume: 10508)*
+- ⬜ 75 minutes in: $36.17 / 35,97 €  *(volume: 10108)*
+- 🟥 70 minutes in: $36.17 / 35,97 €  *(volume: 10108)*
+- 🟥 65 minutes in: $36.23 / 36,03 €  *(volume: 9988)*
+- 🟥 60 minutes in: $36.28 / 36,09 €  *(volume: 9117)*
+- 🟩 55 minutes in: $36.30 / 36,11 €  *(volume: 8775)*
+- 🟩 50 minutes in: $36.29 / 36,10 €  *(volume: 8775)*
+- 🟥 45 minutes in: $36.29 / 36,09 €  *(volume: 8767)*
+- 🟩 40 minutes in: $36.40 / 36,20 €  *(volume: 7055)*
+- ⬜ 35 minutes in: $36.30 / 36,11 €  *(volume: 6457)*
+- 🟩 30 minutes in: $36.30 / 36,11 €  *(volume: 6349)*
+- 🟩 25 minutes in: $36.30 / 36,11 €  *(volume: 6332)*
+- 🟩 20 minutes in: $36.04 / 35,84 €  *(volume: 4515)*
+- 🟥 15 minutes in: $35.83 / 35,64 €  *(volume: 3179)*
+- ⬜ 10 minutes in: $36.32 / 36,12 €  *(volume: 1296)*
+- ⬜ 5 minutes in: $36.32 / 36,12 €  *(volume: 1081)*
+- 🟥 0 minutes in: $36.32 / 36,12 €  *(volume: 528)*
+- 🟥 US close price: $36.49 / 36,29 €   *($36.50 / 36,30 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0054. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+Hey! Asked on r/trading but I think I'll get better answers here.  Basically I was just interested in ANY and all strategies that have previously been used by firms.
+
+What is the "magic" ? - without being able to understand it of course.  Simple strats that have been crafted for near perfect entries and exits? Or build from the ground up on 100% custom in shop strats.
+
+I'm not looking to copy either as if they worked everyone would be using it, and if everyone used it, it wouldn't work!
+
+Thanks!
+Mr. RC finally has a conversation with us! After literally years of radio silence from the man, the same MSM who has articles about our red days up before it's even happened, has been SILENT. 
+
+There's been many many things that reaffirm my dedication to this cause, but this one is big for me. They will spin the most innocuous thing into a shitstorm within minutes, yet they are so scared of traffic heading to GMEdd that they'd rather not say a fucking thing. 
+
+This is so glorious. Fuck them and their boot licking, agenda pushing, bought-and-paid-for asses.
+
+The revolution continues. 
+
+Ka is a wheel. 
+
+DRS that shit, friends.
+Guten Morgen to this global band of Apes! 👋🦍
+
+We started this week with a notable drop in GME volume, a desperate spin session by Kenneth Griffin, and a veritable flood of Purple Donuts shared to this sub. There is *momentum* on our side. I was watching the 1m chart yesterday and there were several minutes where the price did not move - just a horizontal tick mark. I don't recall ever seeing that on GME since the Sneeze.
+
+Apes, I have to admit that I am starting to feel a bit silly posting prices here while I'm also of the mindset that price no longer matters. We are on track to lock the float through DRS, at which point the only price that matters is what it costs hedgies to buy shares out of Computershare. I'm convinced that the enormous (and well-deserved!) pride that accompanies DRSing shares demonstrates that Apes are not selling from Computershare. The SHFs can play all they want in the DTCC's kiddie pool. Apes with Diamantenhände will be chilling in the infinity pool.
+
+Today is Tuesday, October 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟩 120 minutes in: **$171.72 / 147,57 €**  *(volume: 343)*
+- 🟩 115 minutes in: $171.69 / 147,55 €  *(volume: 324)*
+- ⬜ 110 minutes in: $171.56 / 147,44 €  *(volume: 316)*
+- 🟥 105 minutes in: $171.56 / 147,44 €  *(volume: 303)*
+- 🟥 100 minutes in: $171.60 / 147,48 €  *(volume: 291)*
+- 🟥 95 minutes in: $171.66 / 147,53 €  *(volume: 280)*
+- 🟩 90 minutes in: $171.91 / 147,74 €  *(volume: 278)*
+- 🟥 85 minutes in: $171.81 / 147,65 €  *(volume: 277)*
+- 🟥 80 minutes in: $171.82 / 147,66 €  *(volume: 277)*
+- 🟥 75 minutes in: $172.15 / 147,95 €  *(volume: 219)*
+- 🟩 70 minutes in: $172.20 / 147,99 €  *(volume: 206)*
+- 🟩 65 minutes in: $171.78 / 147,62 €  *(volume: 192)*
+- 🟥 60 minutes in: $171.19 / 147,12 €  *(volume: 180)*
+- 🟩 55 minutes in: $171.33 / 147,24 €  *(volume: 179)*
+- 🟥 50 minutes in: $171.21 / 147,14 €  *(volume: 179)*
+- 🟩 45 minutes in: $171.37 / 147,28 €  *(volume: 169)*
+- 🟩 40 minutes in: $171.28 / 147,20 €  *(volume: 118)*
+- 🟥 35 minutes in: $171.25 / 147,18 €  *(volume: 113)*
+- 🟩 30 minutes in: $171.41 / 147,31 €  *(volume: 95)*
+- 🟩 25 minutes in: $171.24 / 147,16 €  *(volume: 85)*
+- 🟥 20 minutes in: $171.09 / 147,04 €  *(volume: 85)*
+- ⬜ 15 minutes in: $171.25 / 147,18 €  *(volume: 65)*
+- 🟥 10 minutes in: $171.25 / 147,18 €  *(volume: 52)*
+- 🟩 5 minutes in: $171.60 / 147,47 €  *(volume: 26)*
+- 🟩 0 minutes in: $171.56 / 147,44 €  *(volume: 19)*
+- 🟥 US close price: $171.36 / 147,27 €   *($170.20 / 146,27 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1636. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+  
+
+This is something that has been occurring to me for some time and I thought I’d lay out my thoughts to the fellows on reddit.
+
+It’s a national hobby to complain about house prices but I think this might be a case of can’t see the forest from the trees. My opinion is that the house is actually just a proxy for the individual, and the house price valuation is the product of debt to the individual. Our monetary system is predicated on credit expansion to fuel growth. In other words, declining western nations are using the age old and oft repeated mechanism of devaluing their currencies in order to spend money they don’t have, to pay for the things we want. We can’t just print it. We’ve built it into our monetary system to use debt and currency debasement. So the system needs debt to go to the citizen. It wants the debt to go to the citizens that earn and can service the debt, since the currency debasement needs to be an ordered decline (target inflation) not a hurried route (hyperinflation). The system also wants no defaults on the debt, so it needs to be collateralised.
+
+So we have this debt that we need to get to the citizen, but people are fallible and need to be properly motivated to service the debt. They need something that means something to them, that is important to them. The home is the perfect mechanism. So the home becomes the collateral for this debt that needs to get to the citizen. As the system rolls on, the amount of debt that each citizen accumulates needs to ever increase, to fuel our economies predicated on consumption via debt expansion/currency debasement. For this ever increasing debt burden to maintain the relationship to its underlying security, property prices need to increase. Can’t have more debt without the underlying security being revalued higher and higher.
+
+Its not about the house price, its about the debt and the individual. The fact that house prices have become linked to this system is a factor of convenience rather than a function of land value and build cost. What else could we have used? It has to be something meaningful to the consumer, that holds strong emotional and functional value. That can be possessed and sold on. That can be inflated to meet the inflationary needs to the debt.
+I am bequeathed ~$50,000 USD from a late relative. I would like to set aside a good portion for my daughter to go to college but that’s a long way off from now. How can I best utilize this money to grow safely. I currently make 60k/yr and my wife ~55k/yr. We don’t live outside our means and have no outstanding debt besides a car we purchased last year. Any advice would be greatly appreciated, thanks in advance.
+Hey guys it's my first time posting on here so excuse if the format isn't proper 😅 So my father has a 401k through his current employer and he recently discovered that they haven't been putting money into his account for the last 4-5 years( has been employed there for 14 years) what options does he have? 
+
+Thanks in advance!
+The timing is rather suspicious. This  [DD](https://www.reddit.com/r/Superstonk/comments/s4s79q/i_hope_everyone_is_clear_that_the_price_going/?utm_medium=android_app&utm_source=share) by u/justtwogenders explains "The real significance of Jan 21st is that its the SLD deposit day. That means banks and market makers have to deposit money with the OCC (options clearing corp) equal to the amount of options. They get that money back 7 days later on Jan 28th." The DD didn't make a link or hint at any correlation. But this got me thinking. 
+
+I believe this could be a possible DD for those who like explore it. I have a smooth brain so this is out of my own knowledge.
+This post is part rant, part roll call.
+
+Rant: It seems that the trading communities have died for the most part. I know that part of the decline was 1) WSB blowing up to 10mm members and 2) its summer so those of us that are enlightened in this game are off on our yachts(or jet skis)/taking time off to be with family.
+
+BUT there is still a noticeable decline in content going on the past few months. This is in part due to the negativity that people get on here non stop. I cant tell you how many times i've followed someone that was up and coming or on to something an the second they start to help or post their success to solidify the content that they are bringing forth, the hate comes. 
+
+Remember that kid philix? (or some username like that) is one that comes to mind easily. Kid literally showed how he went from studying the market to making 5 figures almost everyday. Got non stop hate, wasn't selling anything just tried to share a bit of knowledge. 
+
+Other examples of shit i see:
+
+Q. Can i make 10% ROI a month? A. NO its impossible!! 
+
+Q. Can i day trade spy for a living? A. NO trading is gambling!!
+
+Q. Does this sound good?(After posting dd on a ticker or thesis) A. NO(proceeds to spew bear porn)
+
+So if your a amateur trying to learn, ignore or take with a grain of salt most of what you hear on the internet. (this is very important) and also if your going to ask a question without googling or trying to educate yourself first that's a sure sign your going to fail in this endeavor. If you don't have the desire drive and discipline your not gonna make it. 
+
+Role call: Can we hear from some skilled talented traders that make good returns(4,5 and 6 figure days/weeks)  
+
+How do you feel about being in a community and do you agree with the points above?
+
+Can this place get back on track or is it impossible to have a community around this skillset? 
+
+Do you think size affects the community and if so when does size play a factor?
+
+Is anyone apart of their own group? How do you all do collectively? What set backs are common when running/being apart of a group/discord/fund/prop firm?
+\*Edits for grammar/spelling/formatting and thank you for the awards, but what would help more? Whether you copy/paste everything, share the link, or simply educate brother and sister apes on the topic, please share this information (I don't even care about credit). Hopefully the SEC can pull away from watching videos of some dude banging  his step-sister to at least take a look.
+
+# Happy Father's Day Apes!
+
+So u/AnnihilationGod dropped Christmas presents off early last night in the form of [DD](https://www.reddit.com/r/Superstonk/comments/o3e9kg/annihilationgod_presents_the_big_short_data/) just as I was in the middle of an interesting find. 12+ hours later, after I got as much data as I could, I started looking for patterns to see what shook out. I'll be goddamned if Kenny and friends didn't deliver.
+
+One thing that has been eating at us in our jungle here, is that we know no one is selling, yet on SSR days it doesn't seem to matter cos they short it on the uptick, downtick, sidetick, and anything in between, right? So we all knew it was being manipulated, but no one knew HOW or WHY. I don't even have the full data set (no darkpool data) and nothing with ETF's yet, but I'm about to take apes to school on ANOTHER instance of "Nothing to see here." If you need any of the work, data, whatever let me know. If there is something I'm missing or is wrong, please DM me and I'll correct it.
+
+So apes, pull up a chair, peel a banana, and get comfy.
+
+Kenny, hedgies, broker/dealers, and ESPECIALLY our regulatory bodies that say "iT's hArD tO pRoVe MaNiPuLaTiOn Is GoInG oN," this may get a little weird.
+
+​
+
+[Wall Street, this is gonna get.. a little awkward](https://i.redd.it/efi2njh6zh671.gif)
+
+# TL:DR: Abuse of the short sale exemption rule allows SHF's to get around the SSR. SEC says nothing wrong here. 🤷‍♂️🚀🚀🚀🚀🚀🚀🚀🦍🦍🦍🦍🦍🌑🌑🌑🌑🌑🌑
+
+# Short Sale Rule
+
+I'm not gonna talk about the legitimacy or not of short selling, because regardless it's been... problematic at best. The [Securities and Exchange Act of 1934](https://www.investopedia.com/terms/s/seact1934.asp) was created, in part, due to the predatory practices of the financial industry setting up The Great Depression. This act established the short sale rule, which was adopted by the SEC, and it restricted short sales to be priced above the most recent trade price. This is also known as the "uptick rule." After that, all of the major players on Wall Street said "we promise not to do it again" and we've had no problems since. 😂😂😂
+
+​
+
+​
+
+[Yeah, right.. ](https://preview.redd.it/8b0dm984dj671.png?width=574&format=png&auto=webp&s=5cdb6f9a504ac71bc85ff4822bcbde8b7f048016)
+
+​
+
+# Status Quo
+
+​
+
+As the years went on, it didn't matter if it was uptick, downtick, or sideways, shorts just kept right on shorting. How do we know that they kept doing it? Because in 2005, we got [Reg SHO](https://www.investopedia.com/terms/r/regsho.asp). Incredibly, the "myth" of naked shorts, yeah, was not happening so much, that they needed a way to ensure that the shares could be "located." It goes something like this:
+
+**Me: Hey Mike, can you find a share of GME that I can borrow?**
+
+**Mike: Yeah, I think so.**
+
+**Me: Cool**
+
+**\*sells share that I just "borrowed."**
+
+​
+
+That's pretty much it... 🤷‍♂️ They don't have to actually find it at that time, just be able to *reasonably locate* said share. Better still, with the way share lending is just free wheeled behind closed doors, multiple people can call Mike up there, and even though he only has the one share somewhere, he says he thinks he can find it to all of them. Now all of them turn around and sell the same share.
+
+​
+
+[No MM needed! ](https://preview.redd.it/q5ajpkq36n671.png?width=498&format=png&auto=webp&s=4086ea98879ab9012b4d36cd0d8d40c3ba2c1c39)
+
+​
+
+# Welcome to the shit show.
+
+​
+
+We won't mention that any FTD pre-Reg SHO were forgiven through grandfathering, 😒 but real quick, the other part of the amendment states;
+
+**"The "close-out" standard represents the increased amount of delivery requirements imposed upon securities that have many extended delivery failures at a clearing agency."**
+
+Huh, I think GME would like a word, but that's another time.
+
+​
+
+Almost there, I promise!
+
+​
+
+[SEC Office Circa 2007](https://preview.redd.it/cs44u4hg5i671.jpg?width=1630&format=pjpg&auto=webp&s=9b79b3f89f78ace1564f52a585354429a11d385d)
+
+​
+
+In 2007, while the dumpster of the world economy was just starting to really get warm, the commission had an idea. The SEC, in it's incredible wisdom (pre-Pornhub), concluded that removing short-selling constraints would have no "deleterious impact on market quality or liquidity."  As long as you can "locate" the share, you had a free pass to short no matter the price action. Well, we know how the next few years went....
+
+​
+
+​
+
+[Thank you, Mr. Baum](https://preview.redd.it/x642aoa23k671.png?width=2556&format=png&auto=webp&s=5721ea9a0cfbce15f044267d44dfde15521d2e2f)
+
+​
+
+This takes us to 2010, and realizing the absolute stupidity of giving shorters free reign, the commission said "our bad" and amended Reg SHO to include the alternative uptick rule. This is the rule we know and love today that kicks in when a stock's price has dropped 10% below the previous day's close. When that happens the security is placed on the Short Sale Restriction List (SSR), and short sales are only allowed on the uptick for (usually) the remainder of the day and until close of the following trading day.
+
+​
+
+[Tripping the SSR 06\/03\/21](https://preview.redd.it/yen0bqjggi671.png?width=1085&format=png&auto=webp&s=d304cbce0f02c14a33bf84e5a463c7605a61609f)
+
+Now, the commission couldn't just let a rule be a rule to actually protect investors, they decided it would be wise to include an exception. Because, of course they did. 😑 Let's take a look at it because at this point, I'm not sure what the fuck the SEC is even for.
+
+[https://www.investopedia.com/terms/s/shortexempt.asp](https://www.investopedia.com/terms/s/shortexempt.asp)
+
+[Whoever is lending \(broker-dealers\) the shares marks them short exempt if they \\"believe\\" it qualifies](https://preview.redd.it/b8av8160ji671.png?width=694&format=png&auto=webp&s=2c9c8305b7c820d4d1941ca255bf49d599f3b505)
+
+# 
+
+https://preview.redd.it/07y32lzaji671.jpg?width=500&format=pjpg&auto=webp&s=4cfb76c2ac49e74e8938f0189112aacb9d5d8848
+
+So, wait, even though there is a SSR, if the lender (broker-dealer) decides it qualifies, they mark it short exempt and then off it goes? Yep. "Yeah, but it even says it's a rare exception and can be audited at any time, and it's closely monitored" so that should keep them in line, right? You caught the last line there, huh? About all orders marked SSE will be closely checked by self-regulatory organizations and the SEC? Be a shame if a layman with partial data and in less than 24 hours could see a problem....
+
+# Let's look at a couple random boomer stocks from [stockgrid.io](https://stockgrid.io) because I've already driven myself crazy with our stock.
+
+​
+
+[Facebook](https://preview.redd.it/wbq5bxreki671.png?width=1790&format=png&auto=webp&s=84eb672bb6edc589721b4911fa2700126f1c12b2)
+
+​
+
+[GM](https://preview.redd.it/8ypciicoki671.png?width=1822&format=png&auto=webp&s=cff5a404cc75fac5c3338716f0a2086d175c98f3)
+
+​
+
+​
+
+For the most part, looking at just two stocks that are "stable," it doesn't seem too crazy. Some of the volume there is insane with less than 100,000 short sales marked exempt.
+
+​
+
+# Ready to see our baby? 😁
+
+​
+
+[BEHOLD!](https://preview.redd.it/gwtfwikuli671.png?width=1821&format=png&auto=webp&s=d0918517d44bc8269406347fb51a16966dd523df)
+
+# Well, shit.. That's a lot of exemptions.
+
+​
+
+​
+
+[Not done ;\) ](https://preview.redd.it/hznybjjcmi671.jpg?width=250&format=pjpg&auto=webp&s=c01c372b70c55fb9a670c04a5f86219ed96adf6d)
+
+​
+
+Now I got to thinking. With all those exceptions, surely they aren't that stupid...
+
+# Narrator: They were, in fact, that stupid.
+
+​
+
+I started digging through all the data for volume, short volume, and short sale exempt shares. Then I pulled the list of days that the SSR trigger has been on for GME (I actually have going back to 2015, but in 2019, GME tripped the SSR all of 5 times for the year. 2020 is where things started to heat up beginning in January. RC buying 9m shares last year dropped a major kink in the bankruptcy lotto plan and hedge fucks have been struggling since. Let's hit it.
+
+​
+
+[That's a lot!](https://preview.redd.it/15q379h6oi671.png?width=1437&format=png&auto=webp&s=03a1e92c274ac34f3727663c7d11ef52d9ccd618)
+
+​
+
+[This isn't even all of them. There are 3m more that I didn't add in on SSR dates](https://preview.redd.it/1703k4w0qi671.png?width=640&format=png&auto=webp&s=8e4e6a9c1420a2d6f998bd90d73103591aa59e48)
+
+Keep in mind, this is missing dark pool data which in some of the cases make up half of the volume. Nor have I even started cracking into ETFs.... Like, seriously? Are they short exempt because it's on the SSR or some shit? Now, you're skeptical on how they are able to manipulate the price, right? I got you. 😊
+
+​
+
+[Enhance!](https://preview.redd.it/wxqv4136ri671.png?width=1241&format=png&auto=webp&s=0d91ba892897d9f0cb7adb220f1aa4e3efa662d8)
+
+Some of our LARGEST drops are on days when there are an AWFUL lot of exceptions to the short sale rule. This is where I'm at now and I don't even need to go further, but guaranteed the longer this goes on, the more I'm going to dig.
+
+​
+
+Now, in less than 24 hours, on half or a little more of the data, there is pretty damning evidence of manipulation, no? How the fuck are we sitting here six months later, still?
+
+# Bonus:
+
+In my search I found short sale exemption codes. What kind of exceptions are allowed?
+
+​
+
+https://preview.redd.it/kl5oj93ayj671.png?width=817&format=png&auto=webp&s=182c6510138a06c01be4a1a16f4bb39472cd26f7
+
+​
+
+[Sauce](https://btobits.com/fixopaedia/fixdic50-sp2-ep/tag_1688_ShortSaleExemptionReason_.html)
+
+All of them are bullshit, but odd lots... Like the weird order numbers that we see? 🤔
+
+​
+
+[Screen from today, 6\/21\/21](https://preview.redd.it/8ue9zholkn671.png?width=454&format=png&auto=webp&s=ebfbdea81ecb76936cb839ad19ae0bc8a2125595)
+
+​
+
+​
+
+[Fuck you, Wall Street](https://i.redd.it/fcvs90uyri671.gif)
+
+​
+
+​
+
+# Buy, Hold, and Hedgies R Fuk
+Guten Tag to this global band of Apes! 👋🦍
+
+Clearly the feeling I had yesterday was well-placed, as GME had an absolute tit-jacking day. Against the backdrop of skyrocketing borrow rates, GameStop resisted all of their short pressure and rose 30%, while the rest of the market was largely sideways. Of course, the media avoided any mention of it, though it has been a long time since Apes have trusted them for accurate information. With significantly above-average volume, there is speculation that there was a whale buying in, or even an insider increasing their HODLings. Whatever the cause, I continue to feel like this is far from over.
+
+Meanwhile, many Apes are now the proud owners of their first wallets, and many very-generous Apes have been distributing NFTs to Apes. This community is truly remarkable, and I am delighted to see Apes introducing NFTs to others. As people gain experience and familiarity with digital ownership of such assets, we will see new ideas that will drive this new economy through its infancy into widespread adoption. GameStop is well-position near the center of that economy, and I cannot wait to see what they do next.
+
+Today is Thursday, May 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- ⬜ 120 minutes in: **$112.97 / 106,01 €**  *(volume: 3990)*
+- ⬜ 115 minutes in: $112.97 / 106,01 €  *(volume: 3990)*
+- ⬜ 110 minutes in: $112.97 / 106,01 €  *(volume: 3987)*
+- 🟥 105 minutes in: $112.97 / 106,01 €  *(volume: 3985)*
+- 🟩 100 minutes in: $113.60 / 106,61 €  *(volume: 3866)*
+- 🟩 95 minutes in: $113.53 / 106,54 €  *(volume: 3719)*
+- 🟥 90 minutes in: $113.47 / 106,48 €  *(volume: 3719)*
+- 🟥 85 minutes in: $113.49 / 106,50 €  *(volume: 3714)*
+- 🟩 80 minutes in: $113.62 / 106,62 €  *(volume: 3239)*
+- 🟥 75 minutes in: $113.49 / 106,50 €  *(volume: 3153)*
+- 🟩 70 minutes in: $113.58 / 106,59 €  *(volume: 3108)*
+- 🟥 65 minutes in: $112.69 / 105,75 €  *(volume: 2990)*
+- 🟩 60 minutes in: $113.34 / 106,37 €  *(volume: 2167)*
+- ⬜ 55 minutes in: $113.23 / 106,25 €  *(volume: 2143)*
+- ⬜ 50 minutes in: $113.23 / 106,25 €  *(volume: 1925)*
+- ⬜ 45 minutes in: $113.23 / 106,25 €  *(volume: 1853)*
+- 🟥 40 minutes in: $113.23 / 106,25 €  *(volume: 1785)*
+- 🟩 35 minutes in: $113.23 / 106,26 €  *(volume: 1785)*
+- 🟥 30 minutes in: $112.69 / 105,75 €  *(volume: 1420)*
+- 🟥 25 minutes in: $112.70 / 105,76 €  *(volume: 1375)*
+- ⬜ 20 minutes in: $112.93 / 105,97 €  *(volume: 1328)*
+- 🟥 15 minutes in: $112.93 / 105,97 €  *(volume: 1328)*
+- 🟩 10 minutes in: $113.08 / 106,12 €  *(volume: 1278)*
+- 🟥 5 minutes in: $111.89 / 105,00 €  *(volume: 1128)*
+- 🟥 0 minutes in: $112.15 / 105,25 €  *(volume: 1058)*
+- 🟥 US close price: $115.17 / 108,08 €   *($114.30 / 107,26 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0656. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+That’s worrying because the model has been spot on with its predictions of the 2007, 2001, early nineties, early eighties recessions 
+
+https://www.forbes.com/sites/jessecolombo/2019/06/30/current-u-s-recession-odds-are-the-same-as-during-the-big-short-heyday/
+If the overall market is up, your picks are probably up, and vice versa. There is some variation (including your "alpha" whether +ve or -ve) and also randomness, events like earnings etc.
+
+In a crisis, large fund flows dominate the entire market. But it also seems like the market largely moves in tandem on a daily basis, as if the market is constantly repricing macro variables that result in bid/ask prices moving higher or lower "across the board", but this kind of seems weird to me outside of short-term financial crises. Why should everything move so closely together? It just seems irrational.
+
+Hoping for a good explanation of why this is the case so I can understand it.
+
+For instance, large institutions might decide to de-risk and sell off large ETF holdings affecting mostly S&P 500 stocks. I guess it then makes sense that all the stocks inside those ETFs might get knocked down a bit. But why should that also affect surrounding stocks, and even stocks in other geographies? If SPX is down 1%, it's likely that Japanese small caps are also going to fall, possibly even by a similar amount. How does this make rational sense?
+In theory... either an algo system is useless if it fails to produce Alpha, but if it does and considering a semi-exponential expansion then its price would be quite high. Probably priceless and off market.
+
+I wonder if there are examples of such IP being exchanged. My hunch is only the unsuccessful algos or those with limited use cases or extremely elaborate fine tuning are for sale in any way. As the eTrade ad of old said... if your stockbroker is so good, why does he still need to have a job?
+
+I have been wondering as I saw what I built being finally operational and start to produce me decent returns, under all market conditions.
+I closed my Paypal account a few months ago (after 20 or so years) because I was charged by someone for a subscription full two weeks after it was canceled, I had a dated cancellation confirmation email from the vendor attached to my dispute, and Paypal ruled in their favor claiming that I didn’t provide the proof of cancellation. The proof that I could see attached in their own system to the very dispute record that they were referring to. The payment was made with a bank account.
+
+I tried to elevate the issue and kept receiving the same verbatim response from supposedly different CS agents. Either they did not read my messages at all, and just kept copying the same original response, or this was all just (very dumb) AI bot posing as customer service. No real person to talk to. No replies to Facebook messages. It’s like there was no one alive left at PayPal.  Oh, and crashes, crashes, crashes galore.
+
+Took me almost a month to close my account, too. At some point they ”elevated“ my account to Business without my consent, and created Paypal credit account linked to it. All as an unsolicited “courtesy“. 
+
+Well, turns out you can’t close your PayPal account without closing the Credit account first. It took two separate phone calls to close the Credit account (luckily I was able to talk to a live CS agent there). Still couldn’t close PayPal. Then it took over two weeks, and multiple phone calls, to figure out that for some reason the closing of PayPal Credit account was not being reflected in Paypal. This is where I finally got lucky, as the last PayPal Credit CS agent I talked to actually followed through and corrected it. (Took almost another week).
+
+This was just an unbelievably frustrating ordeal over what should have been a clear cut case. Something is seriously wrong at PayPal. It’s almost as there’s no people left there.
+
+If you have to use PayPal, don’t use your bank. Pay with a credit card. I’ve had a number of credit card disputes over the year, and it was a completely different experience.
+Why is Microsoft taking out such a big loan if it has enough cash to buy LinkedIn 4x over? Bloomberg's David Kocieniewski says it could lower the tech giant's tax bill (it will avoid paying a 35% tax rate to repatriate cash from overseas and could also deduct interest payments).
+In the last 2 months alone, housing prices have fallen 9%. 
+
+Buyers are unable to secure mortgage, because by the time they go to close, bank's home appraisal shows the value has fallen drastically.
+
+More and more buyers requiring lawyers to intervene on deals they can no longer close, and getting Sellers to drop price after already accepting the offer (sellers don't really have a choice but to agree to concessions, because if the deal falls through, they face even worse prospects on the market).
+
+Bank of Canada has already risen rates from 0.25% to 1.50% this year, and expected to go to 2.25% by next month, causing sudden and fast cooling in real estate sales.
+
+https://www.bnnbloomberg.ca/distressed-deals-pile-up-in-canada-s-once-booming-housing-market-1.1780269
+We shill the "buy the dip" line on this sub all the time. Constantly people say they'll buy it, but this is where you make good on all those hype moments. DCA over this dip and HODL, we will ALL be winners here 10 years from now.  
+  
+Not financial advice. I am not a financial advisor.
+Good Morning Apes!
+
+Well holy mayo-slathered-hedge-fund-managers the gamma ramp this week is nuts!
+
+[Visualization of this weeks gamma ramp max pain at 185](https://preview.redd.it/ygs2dxqwfyc71.png?width=2278&format=png&auto=webp&s=416d62d1524e36e050c4ce3e382b10dd6907d8f4)
+
+So far it's been another week of HF fuckery but it looks like long funds and degenerate gamblers have set up quite the trap for the SHFs if they buy in as expected there are some rumors around  460k FTDs due today and the TA points to a hard bounce being possible. If we clear 200 we are shooting into the stratosphere. We may see some whales finally deploy some capital to achieve this today.
+
+*(A side note as I do have options positions, I may have to step away from reddit updates during high volatility. I will remain on stream and Discord live audio feed, I apologize for any inconvenience)*
+
+If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/on0b81/jerkin_it_with_gherkinit_forward_looking_ta_for/)
+
+Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial)
+
+Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
+
+(save these links in case reddit goes down)
+
+*(this post will read from top to bottom)*
+
+(*feel free to ask me questions below, but if you can google it yourself please use common sense)*
+
+Historical Resistance/Support:
+
+116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...
+
+# After-Market
+
+Well we broke another record lowest volume day in the last 3 years closing at 1.27M. But on the good side green and slightly above max pain for today. Thank you all for tuning in this week the support and lover are truly felt. Look out for this weekends DD on Sunday. 
+
+\- Gherkinit
+
+https://preview.redd.it/fsn430ksq0d71.png?width=719&format=png&auto=webp&s=73dbe6113b4223d93ab5dd4136a34ced115e8904
+
+Edit 7 3:02
+
+Starting power hour off sitting right at 180 waiting for a push to trigger the ramp into close tiny rejection but it looks like we will re-test
+
+https://preview.redd.it/2knzsu92g0d71.png?width=1594&format=png&auto=webp&s=ac706c5b5d919bb60c6be36bfd41be89d78a1e4d
+
+Edit 6 2:19
+
+Watching the whale war go down is entertaining but 800k daily volume is disgusting
+
+https://preview.redd.it/8fb7cey980d71.png?width=1590&format=png&auto=webp&s=6eecea5e76062ce6fb59d21a7a90386550f54957
+
+Edit 5 1:30
+
+Failed the test drooped back down to VWAP bouncing a bit now.
+
+https://preview.redd.it/f3tl5zz9zzc71.png?width=1598&format=png&auto=webp&s=314b2bf2f27e9cc99a87523bc8f8575d69ada06e
+
+Edit 4 12:30
+
+Don't worry just testing 180 and some additional pickle manipulation
+
+https://preview.redd.it/ju9l79yrozc71.png?width=1592&format=png&auto=webp&s=2fc7cd58cac91f821764266c581f97da3265f7a1
+
+Edit 3 12:04
+
+Failed the test at 178 bounced on VWAP and coming in to test again 12-2 is the best time for longs to deploy capital and gain full advantage of the ramp. So the next 2 hours could be interesting, although I don't expect much as our volume right now is 200k lower than yesterday at the same time
+
+https://preview.redd.it/j861mykbkzc71.png?width=1380&format=png&auto=webp&s=01e666235a6a0833c2f53ab316e965d8d78f8fc8
+
+Edit 2 11:28
+
+Crossing VWAP with a bit of volume coming in. To take full advantage of that ramp they will want to kick things off sooner rather than later
+
+https://preview.redd.it/lc5hv3wrdzc71.png?width=1590&format=png&auto=webp&s=194a28ae6333e83e5e7c97f818eda8ec56c7586c
+
+Edit 1 9:50 Dip then a failed test at 180. Calls still coming in.
+
+https://preview.redd.it/s7k9pwbdwyc71.png?width=1589&format=png&auto=webp&s=934bea23e3a01fe5bea46842caa178fb9eb69a4c
+
+# Pre-Market Analysis
+
+Currently sitting just at 180 I would expect if the gamma ramp was to be taken advantage of today there would be a decent push at market open. Volume currently around 10k with 300k shares all of a sudden available to be borrowed...
+
+[GME Pre-Market](https://preview.redd.it/7qd6prizhyc71.png?width=1596&format=png&auto=webp&s=50c12aa30d44e1a0d0fad175e977944c1c52e12f)
+
+Here are the contracts for the weeks so far on GME
+
+[You can see there was a pretty strong push down yesterday ](https://preview.redd.it/7nj73of6iyc71.png?width=362&format=png&auto=webp&s=a339a0cc26d7f5e130f7161919893c3cd7332f43)
+
+MACD is about to crossover still all week with the signal line tip touching, so far it's just been a big tease. Additionally, set up for a bounce on the weighted VWAP and a breakout to the next resistance zone.
+
+[GME 1D Timescale](https://preview.redd.it/wuf9lem1jyc71.png?width=2456&format=png&auto=webp&s=73a9eb87761a503c253414c727721cacdc19f000)
+
+**Disclaimer**
+
+*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.*
+
+*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*
+
+\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
+
+\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
+Hey i recently started trading, i bought a curses learned the entire thing in a week took notes , watched allot of videos and then started trading. Every time i follow the rules i set (example: buy after the reversal candle goes to the direction you want it to go) i take profit it looks way to easy, but my trades sometimes hit the stop loss and after that it hits my take profit i stopped setting stop losses and got every trade right. Maybe because i don't have the experience yet but the stop loss looks silly to me if i don't put a stop loss i hit my targets sooner or later any way. What do you guys think of stop losses?
+
+btw i trade btcusdt the most
+Most people will have to plan a funeral at some point in their lives, and many will have to pay for one.  I think there’s an awareness that funerals are expensive, but unless you’ve gone through it before, I don’t think many people realize what “expensive” really means.  I wanted to share information from my recent experience so people can better understand what to expect for when they have to deal with this themselves.
+
+One of my parents passed away last week and I am currently planning their memorial.  I’m working with a funeral home close to where they lived – one I’ve worked with before, who has a good reputation, and is known for fair prices.  This is in an MCOL area of the US.  (I have no doubt that there’s regional variation in pricing, so your personal experience may vary.)
+
+In our case, we’ve kept things relatively simple:  cremation of the body, and a visitation and memorial service at the funeral home.  Despite being “simple,” our total cost for all of this is around $10,000.  (For comparison, the last funeral I planned was a bit more complex, and came to around $15,000.)  I’m fortunate to be in a position to be able to pay for this with cash on hand, but also know that I have an emergency fund I could draw from if that wasn’t the case.  We didn’t have to make any decisions based on cost, but I imagine other families do, which is unfortunate – the last thing you want to be doing when you’re celebrating someone’s life is pinching pennies.
+
+ 
+
+**The Range of Funeral Expenses**
+
+Here is the price sheet from the funeral home so you can better understand the range of expenses you’ll face:
+
+ 
+
+|Expense|Cost|
+:--|:--|
+|Basic expenses of funeral director and staff|$ 3,260|
+|Embalming|$ 775|
+|Embalming of tissue/bone/organ donation cases|$ 860|
+|Embalming of autopsy cases|$ 960|
+|Sanitary care / refrigeration|$ 495|
+|Mortuary pouch|$ 50|
+|Brief viewing (up to 30 min, up to 4 people)|$ 95|
+|Refrigeration of remains, per day|$ 45|
+|Restorative work, cosmetics, grooming, dressing, etc.|$ 320|
+|Extended sheltering of remains, per day|$ 45|
+|Visitation at funeral home|$ 600|
+|Visitation immediately prior to burial|$ 500|
+|Private family viewing (1 hour max)|$ 300|
+|Visitation at other facility|$ 950|
+|Staff for funeral ceremony|$ 800|
+|Memorial services at funeral home|$ 600|
+|Memorial services at other location|$ 650|
+|Graveside service|$ 650|
+|Electronic filing of obituary|$ 40|
+|Transfer of remains to funeral home|$ 510|
+|Funeral coach, hearse|$ 450|
+|Service car|$ 250|
+|Limo (third party, estimated cost)|$ 370|
+|Caskets|$ 895 - 7850|
+|Other burial containers|$ 1475 - 4960|
+|Acknowledgement cards (25)|$ 7|
+|Prayer cards (per 100) (minimum cost)|$ 80|
+|Register books (minimum cost)|$ 40|
+|Video tribute (30 pictures)|$ 95|
+|Additional DVD copies of video tribute|$ 10|
+|Urns|$ 250 - 900|
+|Flag cases (minimum cost)|$ 90|
+|Crucifix (minimum cost)|$ 40|
+|Basic stock program (per 100)|$ 125|
+|Direct cremation|$ 3620 - 4170|
+|Immediate burial|$ 3960 - 4910|
+|Receiving remains from another funeral home|$ 3,600|
+|Optional graveside funeral service|$ 3,885|
+|Forwarding remains to another funeral home|$ 3,900|
+|Receiving cremated remains|$ 425|
+|Grave liners (may be required by cemetery)|$ 1475 - 4960|
+|Cremation containers|$ 125 - 2175|
+
+ 
+
+**Our Funeral Bill**
+
+As a reminder, we kept things simple:  cremation, and a visitation and memorial service at the funeral home.  Here’s the breakdown of our costs:
+
+ 
+
+
+|Expense|Cost|
+:--|:--|
+|Basic services of funeral director and staff|$ 3,260|
+|Sanitary care / refrigeration|$ 495|
+|Restorative work, cosmetics, grooming, dressing, etc.|$ 320|
+|Use of facilities and staff for viewing|$ 500|
+|Use of facilities and staff for memorial|$ 600|
+|Transfer of remains to funeral home|$ 510|
+|Transfer of remains to crematorium|$ 450|
+|Weekend overtime|$ 200|
+|Casket|$ 1,875|
+|Register book|$ 40|
+|Prayer cards (100)|$ 365|
+|Urn|$ 400|
+|Cremation fees|$ 355|
+|Medical examiner fee|$ 150|
+|Sales tax (on prayer cards and register book)|$ 26|
+
+ 
+
+Total funeral home bill:  $9,545
+
+ 
+
+**Some Notes**
+
+To pre-emptively answer two questions I know will come up:  In this state, as in many others, the deceased must be in a rigid container in order to be cremated, hence the cost of a casket.  And my surviving parent wanted them dressed for cremation in something other than the hospital gown they died in, hence the fee for “restorative work, cosmetics, grooming, dressing, etc.”.
+
+Not included are the cost of flowers for the service, and the price of placing the obituary in the newspaper.  Many people think obituaries are a free service, but they are not.  Our average-length obituary, running just once in the local newspaper, cost about $650.
+
+I hope this information is helpful to those of you who know that you’ll be dealing with this soon, or who simply want to get a better understanding of expenses that might spring up and need to be paid at some point in the future.
+Demand for pre-construction condominiums in Toronto has begun to decrease as a result of rising interest rates, but market-watchers assert that developers are unlikely to reduce prices since their margins are already under pressure; instead, they will postpone developments.
+
+Full Article Here: [https://thetorontohousingmarket.com/torontos-new-condo-market-is-experiencing-a-decline-in-demand-but-prices-are-expected-to-rise-as-developers-postpone-their-debuts/](https://thetorontohousingmarket.com/torontos-new-condo-market-is-experiencing-a-decline-in-demand-but-prices-are-expected-to-rise-as-developers-postpone-their-debuts/)
+Hey fronds, after being in lockdown and watching almost every documentary on Netflix. I’m looking to back a few more companies of whom value renewable energy and other green initiatives. 
+
+Anyone got the recommends?
+It's been a wild year for all of us. The mods decided to put down our favorite moments of the year. In no order.
+
+​
+
+/u/Letsburn00
+
+\-[I'll always remember the first post.](https://www.reddit.com/r/ASX_Bets/comments/fiuhqa/welcome_to_asx_bets_like_wallstreetbets_also_like/)We discussed a lot about who would do what and how we'd announce. In the end, the first welcome was simple. We spent most of our time casually leaving mentions of /r/ASX_bets and buying out of the money put options. At the time, they almost all came up profitable. Those were the days.
+
+\-[Back when we were less than 3000 people, deep into one night. Plucky went off his meds.](https://www.reddit.com/r/ASX_Bets/comments/hg30o5/plucky26_is_now_banned_for_5_days_for_too_much/)He was banned for a week, but that very strange night will always be something I remember.
+
+​
+
+/u/The_lordofruin
+
+\-Despite the final outcome of the BRNpocalypse. [The meme response to the banning of Fernal was a great momen](https://www.reddit.com/r/ASX_Bets/comments/isfdif/ladies_and_gentlemen_you_got_em/)t to see as people put their balls on the line and it came to a great outcome.
+
+[\-The purge will always be a warm moment in my heart. It was insane, but we got a mod out of it.](https://www.reddit.com/r/ASX_Bets/comments/hkg3bb/10k_members_we_now_begin_the_purge/)
+
+​
+
+/u/Username-taken82
+
+\- Way back, when the markets were writhing in chaos, BBOZ and BBUS ruled the sub and this was the [shit post we needed](https://www.reddit.com/r/ASX_Bets/comments/fvqaej/already_priced_in/?utm_source=share&utm_medium=web2x&context=3). It still cracks me up every time...
+
+\- BRNageddon and the [Melvin Ban Video](https://www.reddit.com/r/ASX_Bets/comments/j3snfk/today_for_crimes_against_rasx_bets_melvin_butters/?utm_source=share&utm_medium=web2x&context=3), purely because BRNageddon was my first weekend as a MOD and it was eye opening, to say the least.
+
+\- The [Salty Toppings Competition](https://www.reddit.com/r/ASX_Bets/comments/iv4d0v/asx_bets_6_month_old_celebration_begin_the_salty/?utm_source=share&utm_medium=web2x&context=3), the first collaborative project the current Mod team did together and the resulting donations to charity were one of the great things about this sub.
+
+\- I also really enjoy the good **DD** pieces, where the high functioning part of the spectrum starts to take over and you Autismo's really churn out some quality work
+
+\- This Sub's pathologically inexplicable self abusive, unshakeable loyalty to **Z1P** and the dude who [thought stocks expire after a day](https://www.reddit.com/r/ASX_Bets/comments/inyquu/noob_question_plz_dont_flame_me/?utm_source=share&utm_medium=web2x&context=3) 
+
+Brings a tear to my eye every time.
+
+Literally.
+
+​
+
+/u/Phantom_Hax0r
+
+\- Where the hell do I start? Went from lurking for years, reviving my old reddit account and joining the madness, nek minnit I'm a wrangler for the mad(lad)house.
+
+\- Posting the Purge daily leaderboard updates was so much fun, getting to write little summaries of the day's big moments and play with Excel to make shit work properly was a blast.
+
+\- Some of my first exposure to the sub was during the Great BNPL Spaz-out of 2020, with [a particularly bad day summed up in this excellent post](https://www.reddit.com/r/ASX_Bets/comments/hqxdpk/barnseys_bnpl_market_updates/)
+
+
+If you have any of your own best moments. Post them in the comments.
+[After a few requests, plus noticing that some algos were already selling ASX\_Bets merch on Redbubble, we've decided to build a merch store.](https://www.redbubble.com/people/ASXBets/shop?asc=u)
+
+​
+
+There are currently 5 Main categories on there:
+
+​
+
+[Koala with the sub title](https://www.redbubble.com/shop/ap/56858305)\- A version with White text can be added if people want it.
+
+[Koala without the sub title-  For the sneaky autist who doesn't want people to know their shame.](https://www.redbubble.com/shop/ap/57097407)
+
+[The banner- Available in sticker and magnet form.](https://www.redbubble.com/shop/ap/56852790)
+
+[A Koala Facemask- So you idiots can stop pulling your hoodies over your face when making fake videos of you playing with your shit. (No I won't link to this literal shitpost).](https://www.redbubble.com/shop/ap/57097901)
+
+[A "Dumb shit" Category. Which is basically us laughing at anyone who would buy this stuff, Redbubble's options are weird. But yes, you can buy an ASX\_Bets shower curtain, socks and an ASX\_Bets cushion for people who want their own Waifu.](https://www.redbubble.com/shop/ap/57098905)
+
+​
+
+Money will initially be used to balance out cash already spent by mods on stuff like the getting the mascot drawn, the banner and Purge plaque. Then if any is left, we will consider a dumb YOLOs post periodically (not too often, we aren't expecting that much sales), with a proportion to Autism research, or something that wins a poll, basically we don't know. Winnings from YOLOs and remaining money may also be spent on Blackjack, Blow and Hookers, possibly at the same time.
+I have bank account with hdfc bank. When I download TDS Inquiry or TIS from income tax portal they show (90k) interest earned from FDs during a FY.
+
+But if I actually calculate FD interest in my bank statement it is (105k)
+
+Now why there is different in both amount, which one should I use while filling ITR?
+
+Edit: interestingly TDS dedicated amount is matching in all 3 documents but not FD interest amount.
+Hey,
+
+Throwaway for obvious reasons. So I will start my first job soon and will be looking to make investments . I live with my parents and the house got robbed since then most of what they had kept for me was used for my fees and setting up themselves the house again with preventive measures.
+
+2020 was just as everyone else for them and me (pay cuts for my father and my moms business has been shut) and I have finally secured a job with an ok pay and need to understand how can I start with investments.
+
+My current plan is to,
+
+1. Build up an emergency fund with 6 months worth of salary
+2. Start  a basic FD maybe a recurring deposit account with some fixed amount being invested to it.
+3. A health insurance for me. (my parents have one already that covers me but I would prefer if somehow they could get more cover and it costs somewhere the same if they removed me)
+4. Maybe Mutual Funds or Shares ? (I have minimal knowledge of the same and any help would be appreciated.
+
+I am 24 and the on hand for me after taxes would be 60k. I also tried to understand how can I work on getting tax rebates via investments and I am still continuing the research any help on the same would be helpful.
+
+I am sorry if there is something I am missing but the incident has created a weird headspace for me. Even if someone can redirect me to something I can read and get my answers on my own I would be grateful.
+HDFC Life is going to join Nifty 50 and Vedanta is leaving the index from July 31.
+
+Source: https://economictimes.indiatimes.com/markets/stocks/news/hdfc-life-gains-over-3-on-inclusion-in-nifty-50-from-july-31/articleshow/76763172.cms
+Hi everyone, 
+
+I saw a lot of people posting about their journey so far, so I thought of doing the same. 
+
+I started with selling options 2.5 months ago. Made my first trade on April 14 and have made a total of 122 trades so far. I log them every day in my excel workbook to know how I'm doing. Have attached a running summary below.
+
+Some key points about what I do:
+
+1. 90% of my trades are selling puts (I have a margin account) + some covered calls / CCS
+2. Love doing earnings trades, which is why I sold a lot of premium during weeks when many companies had earnings.
+3. I usually do trades with delta .2 or below. Sometimes I'll go up to .25 but never above .3
+4. I mostly trade in monthlies 1-2 months out.  Occasionally weeklies.
+5. Only been assigned once when I sold a weekly on a stock that went against me. Have been wheeling it since to bring down BE
+6. Of the 101 trades closed so far, 96 have been profitable. Of the 5 losing trades, biggest loss was $675. Have rolled one trade only once so far.
+7. Trade allocation for any one trade is usually less than 2%. I think there is scope to increase this.
+8. My broker is IBKR. I have a margin account with them. I started with $10k capital and have gradually increased to $40k over the last 2 months. I like to keep >50% of my buying power free so I always have money left if I do get assigned / market moves suddenly.
+9. Have only traded stocks so far (no ETFs yet). I have a paid account with [marketchameleon.com](https://marketchameleon.com) where I maintain a watchlist of \~100 stocks. I like using this website for all the different statistics it provides on option trading incl. their screeners. Reduced my time to research trades drastically. I also use Yahoo Finance a lot as their data is more real time. 
+10. I usually spend \~2-2.5 hrs / day on this activity (this was \~4 hrs early on but has come down over time). Sometimes I do find myself price watching a lot (either my watchlist or my trading account), but I'm trying to get as mechanical as possible. My goal is to not spend more than 2 hrs/ day doing this. 
+
+I have learnt quite a bit from this community. Hope my experience helps some of you. 
+
+https://preview.redd.it/ars3bve1l7851.png?width=1107&format=png&auto=webp&s=36ae792965338108321c6491a462a82a0951c26d
+I am not much of a CSP person or the Wheel guy. The discussion in this group seems to be dominated by CSP and Wheel. I propose we should make a daily or weekly strangle, butterfly, ratio spreads, iron condors, etc thread where people can roll their ideas.
+I've seen a few posts about tax efficient/tax gotchas that people can fall into whilst trading the various different options strategies. On the basis that I can't recall ever seeing anyone post here about options traded on a non-US exchange, understandably those posts have started from a US resident perspective.
+
+But what if you're not?
+
+First up - the US does NOT charge Capital Gains Tax on non-US residents. [https://www.investopedia.com/ask/answers/06/nonusresidenttax.asp](https://www.investopedia.com/ask/answers/06/nonusresidenttax.asp)
+
+Note: Worth checking there as the terminology can be exacting - as stated by u/PurpleDevilDuckies, if you're a US citizen but living abroad, you still get clobbered by it...
+
+So all the advice regarding wash sales, long capital versus short... doesn't apply, cheerfully ignore it.For most other countries it simply boils down to the question "How much money did I make?" - they don't care about what options strategies you used or how long between trades.It comes down to the rules for your home country. I'm passing familiar with the Canada and UK capital gains rules, so have listed below my (not professional) take on them...
+
+Hopefully I didn't screw up anywhere!
+
+Also editing this as people throw up their country's rules in the comments...
+
+​
+
+​
+
+Australia
+
+Real good walkthrough here of calculating what capital gain for a year is:[https://www.reddit.com/r/options/comments/j5ejg2/ato\_australian\_tax\_treatment\_for\_options\_trades/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/options/comments/j5ejg2/ato_australian_tax_treatment_for_options_trades/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+Gist is - Options Trading is capital gains taxable.Capital gains are added to your income, and taxed at the appropriate income tax rate. Note, capital losses can be used to offset capital gains, but not your other income. So if you suck real hard, you can reduce your income tax bill to just your income from elsewhere, but not below. You can however use unused losses from one year to offset the next.Also... any assets held for more than 12 months are given a 50% discount on their capital gains value.
+
+​
+
+​
+
+Canada
+
+Options trading is capital gains taxable, TFSA accounts offer a route to avoid this.If not in a TFSA - They're calculated on a 50% basis - your 'Taxable capital gain' amount is 50% of the profit you have made on any capital gains, minus 50% of your capital losses - within that year. So if you your underlying moves suck and you lost 1000, but did great on options for 3000 - taxable gain amount is 1000.
+
+Whatever that is - that's then added to your income and charged at the rate appropriate for the band it's in.
+
+​
+
+Germany
+
+Options trading is capital gains taxable. 800 allowance, after that 25% rate on all gains.Losses can be offset against gains, but only like for like unless it's stock losses (so options losses against options gains, but not against shares gains - but you can use shares loses against any options gains, just not the other way round). Also only up to 20,000 in losses if those losses are from long positions - short position unlimited loss offsetting, AND it's not net loss, it's gross. I.e. If you then buy back to close a position, that's considered a loss.
+
+Which means if you like Iron Condors, you're going to really quickly eat that offset loss up whilst also geting taxed on a premium - and as mentioned can lead to situations where you're paying taxes despite being a net loss that year.  
+
+
+u/teteban79 has a more thorough walk through in the comments.... it's a headache.
+
+Seriously, yikes, Germany does not like options trading.
+
+​
+
+​
+
+UK
+
+Options trading is capital gains taxable, ISA accounts offer a route to avoid this.If not in an ISA - any gains/losses on options trading will be summed into your 'Taxable gains'. You are allowed to offset losses against gains (so if you suck at options trading and lost 1000, but are great at selling underlyings and made 3000 - you only have 2000 as taxable), and you can use any loss up to four years ago - so long as you haven't used it before for this purpose.
+
+The first 12,300 is an allowance and is tax free.
+
+After that... a bit mathsy. The principle is based on whether your capital gains earnings plus your income taxable income move you into the higher rate of income tax or not.
+
+So work out what your income taxable income is, then your capital gains taxable gains. Add them together.If capital gains do not take you into the higher tax bracket, they are charged at 10% tax rate.
+
+Anything that is over into the higher rate tax bracket (or all of it after the 12,300 allowance if you're already a higher rate taxpayer) is 20%.
+
+​
+
+​
+
+Adding in the honourable mentions of 0% capital gains...
+
+Belgium, Switzerland, Isle of Man, Monaco, Singapore, Hong Kong, Malaysia,  Philippines
+Anyone have experience with this?
+Ex. Buying 100 shares of aal and selling a sep 11 9.5 call for 99$ profit on 1.3k?
+Are there any risks to this other then the stock going under the strike price and not getting sold?
+There's a few folks here who maintain multiple residences, and quite a few fatfire with children. Does anyone have experience with splitting the year between two countries with school aged children?
+
+We currently have a 2yo and one on the way and are thinking whether it's feasible to have homes in two different cities, and thinking through how that could affect the children when it comes to school age.
+
+We're originally from Russia, don't see a future beyond work here in the emirates and will at some point leave. We were looking to Australia, NZ or Canada for a second base, so we'd have one apartment in Moscow or St Petersburg, a second in Sydney, Melbourne, Brisbane, Auckland, Montreal or Vancouver.
+
+This lets us play around with weather and school holidays, e.g. in New Zealand the summer holidays are from December to February.
+It also allows for a different focus on language, e.g. English and French in Montreal, and Russian in Moscow.
+The friend circle would be diverse coming from very different backgrounds.
+
+There would be two very different and imho complementary cultures available to our children, the stable country where everyone follows the rules without question and trusts authority figures (Canada/Australia/New Zealand), and the one where everyone bends the rules, is suspicious of authority, and generally has a more entrepreneurial spirit (Russia).
+
+Anyone with experience doing something like this able to share any insight?
+...is the answer I got from a friend who I got into crypto two months ago while we're discussing the Doge mania, and it's so freaking annoying.
+
+
+Elon Musk is doing more harm to crypto with this Doge bs more than any other individual on the entire planet. Doge mints 10,000 coin a minute, 1 billion coins every 80 days as pointed out in a post a few days ago, the tokenomics on this coin is so ridiculous and it's meant and created as a joke, tens of thousands if not hundreds of thousands of people will lose so much money if they kept doing what Mr. Musk is telling them to do. The crash will be historical and it can harm the Cryptosphere for years to come.
+
+
+I know that the Doge gang will downvote me to oblivion but whatever, if you made money off Doge, good for you, but I'm not touching that coin with 10 meter pol and in the end, we're all here to achieve financial independence and in my case to get my family out of a third world shit hole they call a country, so good luck to each and everyone of us
+
+Edit : grammar and typos
+DFV AKA TheRoaringKitty AKA Captain hedgefundcrusher AKA The most glorious value investor of all time should be on the list.
+
+This hunk/mancrush is the goat. A legend of legends. The persistent, focused, and friendly attitude of this badass should be officially recognized. He inspired us to think differently about potential and opportunity, especially during a time when uncertainty in the market was abundant. His dedication to the craft has inspired *millions* to challenge the status quo, and ~~request~~ **demand** that financial markets reflect a fair playing field. And instead of protesting outside of Wall St, he showed us that we have the power to beat SHFs at their own game. 
+
+We, (as individual investors making our own independent decision to invest in a company we believe is on the path to innovation & success), owe the man thanks and gratitude. It’s not every day that one gets the chance to turn the entire financial system on its head - for the betterment of retail investors that…
+
+LIKE THE STOCK. Did you hear me? I LIKE the stock pundits. No, I LOVE the stock, and there is nothing Kenny G and his entourage of mayo-slurping stooges can do to separate me from my beloved shares. 
+
+LFG!!!!!
+What's a stock you own that has real upside potential?
+
+Everyone knows about Apple, Amazon, Facebook, etc....
+
+But, what is that stock you own that little to know one else knows about? Give a brief explanation why you're bullish.....
+Investments or lifestyle...
+
+I'm 20 & have 15k in VDHG w/ dividends reinvested. Also adding 2k a month into it. (So I'm saving to invest in that).
+
+Might start a digital product & personal brand on social media. This is low cost start up so I don't need to save much.
+
+May set up a direct debit for super, $200 a month. (So save 200 a month to put into that).
+The US stock market currently has a collective P/E ratio of 28.81, while the collective P/E ratio of the Chinese stock market is merely 15.96 - **45% cheaper**.
+
+This is despite the fact that China is a developing country with very high growth rates. Given this stage of growth and its population being over 4 times the size of US population, we would expect the opposite: Chinese stocks should have a higher P/E ratio than the US. Yet the opposite is true.
+
+Clearly this difference must be driven by elevated perceived risks of Chinese equity, but what are those risks precisely, and how concerning are they really?
+
+For example, China calls itself "communist", though it operates much like a capitalistic market - certainly having a stock market is very capitalistic and as far from communism as an economy can get. Is there a realistic risk that the ostensibly "communist" nature of China will emerge at some point, and manifest perhaps in substantial losses to investors, with Chinese companies becoming nationalized or otherwise dishonoring their equity owners?
+
+One final note: not all Chinese companies are traded below their American equivalents' P/E ratios. Some of the biggest tech companies are not. For instance, Baidu trades at **far higher** P/E ratio (133.17) than roughly-equivalent American Alphabet (32.87). Tencent is trading higher (47.73) than its equivalent Facebook (32.78). As someone who works in technology, this seems odd to me from the opposite end, since Google for example is a multinational with far higher levels of sophistication and technical leadership than Baidu, much like Facebook compared to Tencent.
+There are a million reasons to love gamestop as a company and investment, but I haven't seen this one mentioned. Companies pay CEOs handsomely to prepare for the future, but how many were actually paying down their debts ahead of this spike in the cost of borrowing? Whether the decision was Cohen's or Furlong's, it suggests an incredibly astute understanding of the bigger picture and longer term macro factors which may impact GME.
+
+Considering Credit Suisse was facing the risk of defaulting on its debt not long ago (https://www.theguardian.com/business/2022/oct/03/credit-suisse-ceo-reassures-staff-bank-has-solid-balance-sheet-amid-market-speculation) and likely still is, it shows how much debt can become a burden. Jpow has signalled his intention to raise rates further (https://www.federalreserve.gov/newsevents/pressreleases/monetary20221102a.htm), so those debts are going to cost companies even more free cash to service. I can't think of many who are debt free, but less spent on debt means more to spend where it's needed. 
+
+Sincerely, a zen ape who rarely posts here anymore but is still aboard for the ride.
+🚀Welcome To $MoonBar🚀
+
+​
+
+Moonbar is a community-driven, fair-launched DeFi project built on Binance Smart Chain.
+
+​
+
+The 2500bnb hardcap sold out in UNDER 8 MINUTES, making it one of the most successful launches ever!⚡️⚡️⚡️
+
+​
+
+Three (3) mechanisms are activated during every transaction:
+
+​
+
+$MOONBAR Redistribution 🍫🍫🍫
+
+Liquidity Pool Acquisition 🔒🔒🔒
+
+$BNB Redistribution 🤑🤑🤑
+
+​
+
+By simply holding the token you get access to the community pool of $BNB AND earn more Moonbars! 
+
+$MOONBAR's mission is to truly become a decentralized project where every decision is taken by community poll. This helps the team to move $MOONBAR towards the right direction.🚀🚀🚀
+
+Features
+
+4.5% Liquidity
+
+4.5% of every transaction contributes towards automatically generating liquidity that goes into Pancakeswap
+
+4.5% BNB
+
+4.5% of every buy/sell is taken, turned into delicious BNB and redistributed to all Moonbar holders!
+
+2-4% $BTC REDISTRIBUTION!
+
+​
+
+MoonBar are implementing a freaking Binance-peg Bitcoin redistribution fee!
+
+​
+
+Links⬇️
+
+Website: [https://Moonbar.finance](https://Moonbar.finance)
+
+Telegram: [https://t.me/MoonbarFinance](https://t.me/MoonbarFinance)
+
+Twitter: [https://twitter.com/MoonbarFinance](https://twitter.com/MoonbarFinance)
+Finra, Fintel, and Wall Street Journal are reporting different percentages.
+
+
+[Finra - GME](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) \-- **Short Interest**: 78.46  
+[Finra - AMC](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P00011H0G) \-- **Short Interest**: 15.70 (some people have reported that it's not updating for them and they still see 38.12)
+
+
+[Fintel - GME](https://fintel.io/ss/us/gme) **-- Short interest % of Float:** 44.02  
+[Fintel - AMC](https://fintel.io/ss/us/amc) **-- Short interest % of Float:** 68.48
+
+[WSJ - GME](https://www.wsj.com/market-data/quotes/GME) \-- **Short interest** **% of Float:** 41.95  
+[WSJ - AMC](https://www.wsj.com/market-data/quotes/AMC) \-- **Short interest** **% of Float:** 66.06
+
+
+
+
+
+
+**Edit 1:** As a post mentioned earlier today, Citadel has lied before about their short interest data. There is a small fine of, like, $149,000 for doing so. Paying the fine could save them billions of dollars, so it's possibly that all of the data is completely inaccurate.
+
+**Edit 2:** Stop commenting that it's old data. We were waiting for data for the 29th. The reports are behind. This is the data that came out today, I assure you.
+
+**Edit 3:** I usually use Fintel, not Finra, but I don’t think some of the people commenting are right in assuming the Short Interest on Finra is the % of the float. Short interest ≠ Short Interest % of Float. They are different. Some other posts that recently updated are just throwing a % sign on there and saying it's % of float
+
+**Edit 4:** Hedge funds, if you're reading this right now, go fuck yourself.
+
+**Edit 5:** I’ve got about 750 shares of GME and a little over 8,000 AMC. I’m holding both. The discrepancies in the data across all these sites is all you need to know. To the moon 🚀🌒
+I am someone who is very interested in getting involved in real estate and I have been now for a couple of years. I’m currently 24 years old and been reading and researching on a bunch of different avenues to get into real estate. Right now, with a very steady and good paying job, my main focus is being able to save enough money for a down payment on my first rental property. 
+
+My biggest struggle over the last few years has been trying to decide what particular real estate strategy I want get started in. I’ve read books on wholesaling, fixing and flipping, and the various forms of long term renting. After about 2 years of really thinking about what I would like to pursue, I’ve decided that long term rental seems the safest, as well as the least time consuming on a daily basis, which for me, is exactly what I’m looking for. 
+
+I’ve got a lot of researching to still do before I even start looking for a property to actually purchase. However, I’ve already been scoping out my local market and just want to be sure of all the expenses I should be expecting to pay on a monthly basis on a multi family property. 
+
+For beginners, since I have 0 real estate investing experience, my goal is to acquire 2-4 units on my first purchase. I’ve already determined monthly expenses I should expect are:
+
+-mortgage 
+-property taxes
+-insurances
+-HOA fees if applicable
+
+Besides some kind of an “emergency fund” for any surprise costs that may pop up throughout a lease, is there anything I need to be budgeting into my monthly expenses? 
+
+Any advice is greatly appreciated!
+https://www.tradingview.com/x/pfL12KvS/
+
+Results may vary depending on which exchange's data you are using, some have not closed green today
+
+But but but mY bITcOinS  dOeSnT cLoSe hAhA lAwL dUdE iM sO fUnNy,
+
+ stop being petty
+I’m going to leave my keys and transponder in the kitchen. I assume that will be enough. Will I get arrested? Or will they just bill me? I’m really scared
+
+edit: I live in Las Vegas
+
+I am going to the leasing office tmrw morning to see if we can make a deal
+
+I apologize if I sound like an ass
+Hi everyone! Need some advice!
+
+For the last, at least, year, I have been charged no monthly interest on my credit card. 
+
+I owe about £1500 now, I’m paying £50 a month and no interest whatsoever shows on any of my monthly statements!
+
+The APR is 41%. 
+
+Why am I not being charged interest? Have I lucked out with the credit card company making some huge mistake? Why is this happening to me?
+
+I’m not in an interest free period- I’ve had the card nearly 4 years. 
+
+Thanks!
+
+EDIT: just to clear up some common questions:
+
+1. Definitely a credit card 
+2. I have never done a balance transfer and the balance is all from purchases made on the card 
+3. I am not sure how long I haven’t been paying interest for as I can only see so far back on online statements - I know from my annual that I definitely have not paid any in the last year
+4. I am increasing my monthly payment in a hope to get the card cleared within the next 6 months
+5. I have never missed a payment and have never contacted them to say I’m struggling with payments 
+6. The card is still active and I am still able to make purchases on it
+# OP [u/justchillengrillin](https://www.reddit.com/user/justchillengrillin/) of was right- here's that post:
+
+* *"Ferro simply says he doesn’t share the sentiment that retail is causing teachers to lose their pensions, now he is conveniently “off for the week”. Fuck the media."*
+* [https://www.reddit.com/r/Superstonk/comments/uwpmpt/ferro\_simply\_says\_he\_doesnt\_share\_the\_sentiment/](https://www.reddit.com/r/Superstonk/comments/uwpmpt/ferro_simply_says_he_doesnt_share_the_sentiment/)
+
+#  = = = = = = = = =
+
+# Here's OP  u/GSD_SW20's post that started it all:
+
+* *"Ferro sticking up for retail traders, TK shuts it down because they "both want to work monday"."*
+* [https://www.reddit.com/r/Superstonk/comments/uttxlb/ferro\_sticking\_up\_for\_retail\_traders\_tk\_shuts\_it/](https://www.reddit.com/r/Superstonk/comments/uttxlb/ferro_sticking_up_for_retail_traders_tk_shuts_it/)
+
+#  = = = = = = = = =
+
+# Here's Jonathan Ferro 4 days ago:
+
+* Ferro remarks live on Bloomberg that what Kenneth C. Griffin said re: Reddit traders (Ken said they were somehow responsible for Melvin's disgusting mismanagement of teacher's pensions) did not resonate with him:
+
+https://reddit.com/link/ux39cn/video/0mefwbx81i191/player
+
+#  = = = = = = = = =
+
+# The following are the 3 conclusive video clips that Bloomberg removed from today's Bloomberg Surveillance: Davos, Day 2 broadcast:
+
+​
+
+# Clip #1 @ 6:01 AM:
+
+https://reddit.com/link/ux39cn/video/gz7xvp1l2i191/player
+
+​
+
+# Clip #2 @ 6:31 AM:
+
+https://reddit.com/link/ux39cn/video/nehek90o2i191/player
+
+​
+
+# Clip #3 @ 6:32 AM:
+
+https://reddit.com/link/ux39cn/video/ph41b0it2i191/player
+
+​
+
+# LMAYO CHUCKLES ALL AROUND, AMIRITE?!
+
+# Maybe Ferro isn't on assignment after all! LOLOLOLOL!
+
+​
+
+#  = = = = = = = = =
+
+​
+
+# 🚨🚨🚨 SERIOUSLY THOUGH 🚨🚨🚨
+
+* **It would be INCREDIBLE if we could dig up any comments Jonathan Ferro might have made in recent days/weeks/months about how he is looking forward to going to Davos this coming week, or how he'll be going to Davos this week, etc, etc**
+* **We should be checking:**
+   * **Bloomberg broadcasts & social media, and possibly articles**
+   * **Ferro & other hosts social media as well**
+* **BECAUSE FINDING COMMENTS LIKE THIS WOULD ABSOLUTELY BLOW THEIR CHUCKLE-FEST OUT OF THE FUCKING WATER**
+Some may fear that a government-issued crypto will kill BTC. This is nonsense. It simply replaces wire transfer of a fiat with a blockchain. It does not allow for a truly free exchange of value between any two random places in the globe without a meddling intermediary. A government issued crypto will have all the festering deficiencies of a fiat. It will only waste energy thanks to the endless inflation and regulation.
+Like the title says, my mother (63), who works minimum wage on the East Coast, has no plans for retirement. Her health isn’t great and I’m trying to help plan for the day where she can no longer work. 
+
+I make enough to not live paycheck to paycheck in a high cost area on the West Coast, and have enough wiggle room to put some money away for her. 
+
+What all can I do? I expect that she will be living with me at some point. What types of accounts would help me and my mother when that time comes?
+Tell me your thoughts on this. I've been running some spreadsheets and keep coming up with the Assets Under Management fees as being a HUGE drain on my retirement accounts. Here's my situation and numbers (I've rounded the numbers to simplify the example)  
+
+
+Roth IRA account with $100,000  
+Our income is too high to add more to it, so the account will just grow on it's own.   
+25 years before I need the money  
+8% return in a low-fee index fund, .85% AUM fee
+
+Here's the results I get in Excel. After 25 years:  
+Balance with AUM: $562,000  
+Balance withOUT AUM: $685,000  
+Difference: 21%, or $122,759
+
+So, if I take out 4% a year in retirement, that's $22,500 with AUM, and $27,000 without. And that's not really a fair comparison, because the AUM account still takes .85% per year. So if I take 4.85% out of the non-AUM account, that's $33,200. 
+
+That's a 50% increase in my retirement income! Or, looking the opposite way, my financial advisor is taking 1/3 of my potential retirement income. What a terrible deal! Can you imagine if they pitched this up front?
+
+"I will hold your Roth IRA for 25 years, but do no active managment. My fee during those years will be $123,000 on your account that currently only has $100,000 in it." 
+
+I just don't understand the justification. I assume everyone is just ignorant of this fact. And as long as their account goes up, they are happy.
+I’ve got a massive urge to buy an awesome camera+lens for £1.2k. It’s on sale somewhere for £200 less than elsewhere due to a price mistake (I think). Second hand, it’s selling for more than that. For the past 6 months I’ve gotten into photography using cheap old film cameras but would love a decent digital camera. Sleeping on these urges for a few days has helped in the past but it’s not working here.
+
+I’m earning £21k take home pay after rent. Have £10k in emergency fund and £6k in current account. Recently had to pay £3k on private medical treatment. I have no real plan to buy a house or car anytime soon. My phone and laptop are both ancient and will likely need replacing at some point in the next year: £1.5k. Plus I’m looking to start going on holidays again soon (I’d probably want a decent camera for these anyway).
+
+Should I buy the damn camera?
+
+How have you all handled these urges in the past?
+
+Edit: the website have updated their price mistake back up to £1.4k. Oh well. Looks like I could get it for £1.2k second hand but less of a no-brainer.
+Let me preface by saying that I’m new to investing (I have only been doing it for about half a year).
+
+In only a year the stock has basically halved in price and is at the lowest point it’s ever been on the market. The company is also expected to increase its earning as well, I believe so I think it’s quite undervalued.
+
+But is this too risky considering how the CCP is tightening its grip over Chinese companies and how Alibaba recently got hit with a multi-billion dollar fine? Will this stock get delisted? Is Tencent a better option?
+
+Thanks for any replies!
+https://advisors.vanguard.com/insights/article/marketperspectivesmarch2022
+
+In recent years, we saw Bond yields fall to record lows, and consequently, US equity valuations rose to record P/E multiples not seen since 2000.
+
+If you view the link at the top, as of March 2022, vanguard is estimating returns of just 2-4% annualized for US equities, and 1.5%-2.5% for US aggregate bonds, over the next decade. Yields haven risen and US equities have dropped a bit since then, so perhaps 2.5%-4.5% for equities and 2-3% for bonds might be a better figure.
+
+If these figures turn out to be correct, that will not be sufficient to support FIRE without an exposure to international equity.
+
+Vanguard projects 5.1-7.1% returns in international equities. This is well supported by looking at metrics such as price to book and price to earnings of US equities relative to international.
+
+US value is also projected at 2.8-4.8%, whereas US growth is projected to be -1.2% to 0.8%. Something to consider for those heavily into growth stocks.
+
+I write this because many on here have a strategy of "Just buy VTSAX", which only covers the US stock market. While it's good to have a consistent strategy, omitting international equities increases risk and potentially decreases expected returns.
+
+Lastly, I see a lot of people deciding to FIRE with a 4% SWR. The fact that it has worked historically fails to consider the fact that we have never seen a period in which P/E ratios were this high AND bond yields were this low. The closest we've seen was 2000, where P/E ratios were very high, and a 100% equity portfolio from then with a 4% SWR would be on the verge of failing today. A 60/40 portfolio fared much better, but only because bond yields were quite high back then.
+
+That being said, bonds, yielding just 3%, can only do so much for a FIRE portfolio with a 4% SWR.
+
+It is for this reason that I STRONGLY suggest targeting a lower SWR, such as 2.5%, to align with projected returns. 4% is reckless for a very early retirement.
+[https://www.reuters.com/world/china/chinese-property-shares-slide-despite-beijing-assurance-mortgage-protests-2022-07-15/](https://www.reuters.com/world/china/chinese-property-shares-slide-despite-beijing-assurance-mortgage-protests-2022-07-15/)
+
+ HONG KONG, July 14 (Reuters) - Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign Beijing was stepping in to end the market chaos. The homebuyers' threats have deepened investor concerns about the property sector, which accounts for a quarter of the economy. Investors also worry about banks, rattled over the past year by developers' cash squeeze and some debt defaults.
+How can I reduce federal and state income taxes on income generated by put options selling?  I sell puts full time.  All my income is capital gain, which is not "earned income," and therefore cannot be used to contribute to retirement accounts to reduce my tax bills.  For example, when I had a "real" job, I was able to contribute $19,500 pretax to a 401K, or $6,000 pretax to an IRA.  But now, since all my income is investment income, I cannot stash away any money to retirement accounts.
+
+One possible solution is to establish an S-Corp, transfer all my stock holdings and put options selling to a brokerage account belonging to that corporation, have the corporation pay me a salary, which I then can use to contribute to my retirement accounts.  Will that work?  Any other tips or solutions?
+
+Thanks.
+I've been having pretty good success, making ~1-2% per day, selling 1-2% OTM, 0 DTE S&P500 INDEX (SPX) on sell offs and call spreads after rallies. Sometimes I buy to close a $0.05 just to take the profit and take off risk of something funky happening into the close. I'm looking to collect 0.20 - 0.50 cents per contract (selling $10 apart, i.e Short 4400 put, Long 4390 put).
+
+If the market opens up or down, I wait for it to continue to move in whatever direction it goes. I wait until I feel like it's extended and when another 1-2% selloff would be very unlikely. If it opens up, I let it rally until it seems like it's a bit exhausted for the day. Then sell 0dte call spreads.
+
+Anyone else doing this as a daily trading strategy?
+This time last year, I didn’t even know about the FIRE movement. I was someone who naturally lived below their means and saved what was left over. 
+
+Then, I stumbled upon the FI subreddit(s). I started paying more attention to how my assets were balanced and made sure I was properly using tax advantage accounts. I am very happy to have discovered and utilized this valuable information.
+
+I always thought I could retire early, or at least very comfortably. But now, I have a number and a spreadsheet that tracks it. I can’t stop thinking about when I can retire and how I am going to get there. I keep playing with spreadsheet, toying with: What if I save more now? What if I spend less in retirement? Could I afford to retire even earlier? I keep reading debates about investment strategy and safe withdrawal rates. It’s consuming me.
+
+I was attracted to the idea of financial independence because I didn’t want money to be a concern in my day to day life. But now I am thinking about it more than I ever have. 
+
+I am certain I have the knowledge and discipline not to react to short-term market fluctuations. So, why do I insist on checking the DJIA every day? Why do I keep checking my net-worth on Mint? 
+
+How do I get back to the mode of simply spending less than I make, letting my automatic investments do their thing and not obsessing over my account balances?
+Here recently, my father and I both bank at Chase and our 401ks are through Fidelity. We have our assets listed on chase. (what we own, don't own). We have been called THREE times this week by chase asking if we'd like to set up annuities. Basically give our money to the insurance fund and they pay us lifetime payments. Is this a way banks are trying to raise capital and liquidity? Help a smooth brain out over here. Any feedback is welcome.
+
+​
+
+Edit: Adding this from Comment sections for attention as well if anyone knows the answer.
+
+So, the hedgefund shit I can understand. Hedgefunds use prime brokers. Largest prime brokers are JP Morgan, Goldman Sachs, Citi, and I believe Bank of America. All have sold masssssive bonds in the past few weeks. All have crazy activity. It would be nice to know whos prime broker for Citadel and Melvin.
+
+​
+
+Edit: Patiently waiting for wrinkles.
+Hey,
+
+There is a lot of this poping up around the place the last few hours
+
+[https://au.trustpilot.com/review/www.shudder.com](https://au.trustpilot.com/review/www.shudder.com)
+
+people saying that they are having a relatively small amount of money taken out by a company called shudder.
+Just having a look at the local housing market as I'm interested in getting my own place; a 2 bed flat is coming up for 200k, but if you're over 60 then it's only 140k for the same property?
+
+What does this really achieve? I understand that obviously the more money the happier the estate agent, but then why give a discount for age at all?
+No need to uptoot this (not doing it for that reason).
+
+This is just a friendly reminder to follow Mark Cuban’s advice: if you want to help the cause, spend money at GameStop. They have a surprisingly amount of stuff online. If you are willing to wait an extra day or two, consider buying through GameStop rather than their competitors. (Though, they do have same day shipping for some stuff depending on your area!).
+
+Buy, hodl, and vote apes.
+Like most Apes I know, I watch the ticker and keep re-watching The Big Short. Shorting the housing market in 08 was one of the best trades ever. The VW short squeeze was one of the best trades ever. I’m sure there are others (it would be an interesting book actually… apes write together?), but this trade, is going to be the best trade in the history of Wall Street. The people who actually have a goddam backbone and a swinging pair (yes, ladies and non gender conforming people can have a goddam pair let me tell you), are going to be in on it. 
+
+I’m trying to express the depth of the FOMO you will experience by paperhanding, and I’m having trouble. You need to look at the floor, the real floor the 25 mil + / share floor. That’s the real deal. It’s not a mirage - if we will it, it’s no dream. How can you possibly fuck this up? You just have to wait and wait and wait. Then wait some more. Eventually, the patient among us who had the sheer nerve to pull this off will get some tendies. The rest are going to be a bunch of also-rans. There’s no second place with this trade you either execute it correctly your your a paper handed little snot. 
+
+Have faith in yourself, have faith in others. Faith is an acceptance of the whole hearted promise that your fellow apes got your back and we are all moving towards the same goal, not just scattering in the wind when we hit some number. 
+
+That’s what this community is, it’s a promise to ourselves and a promise to each other not to fuck this up. These banks and Wall Street assholes stole so much money from us. They stole from people who literally had nothing in their bank accounts. It’s sick (and I’m trying to find some stats on how much they stole but it’s a lot. Sen. Warren (D-MA) raised this during the recent Banking Committee hearing).
+
+Let’s kick em in the goddam teeth. The only thing they understand is having their tendies yeeted, everything else is noise to them. 
+
+Have faith in your fellow ape. Buy. HODL. 💎🤟
+
+Edit: Thanks for the awards!! It feels amazing that there is so much faith in each other. [I was wrong about overdraft fees, it’s like 30 billion in 2020. ](https://www.cnbc.com/2020/12/01/banks-will-get-30b-in-overdraft-fees-this-year-heres-how-to-avoid-them-.html)
+
+Edit2: [A little more on overdraft fees.](https://www.reuters.com/business/wall-street-ceos-tout-covid-assistance-diversity-efforts-before-us-senate-2021-05-26/)
+http://paulromer.net/wp-content/uploads/2015/05/Mathiness.pdf
+
+No abstract, so I will point you to his blog post:
+
+http://paulromer.net/mathiness/
+
+> I have a new paper in the Papers and Proceedings Volume of the AER that is out in print and on the AER website. A short version of the supporting appendix is available here and on the AER website. A longer version with more details behind the calculations is available here.
+
+> The point of the paper is that if we want economics to be a science, we have to recognize that it is not ok for macroeconomists to hole up in separate camps, one that supports its version of the geocentric model of the solar system and another that supports the heliocentric model. As scientists, we have to hold ourselves to a standard that requires us to reach a consensus about which model is right, and then to move on to other questions.
+
+> The alternative to science is academic politics, where persistent disagreement is encouraged as a way to create distinctive sub-group identities.
+
+> The usual way to protect a scientific discussion from the factionalism of academic politics is to exclude people who opt out of the norms of science. The challenge lies in knowing how to identify them.
+One thing I am curious about is the impact that a single decision or pivotal moment has on a journey to FatFire. As I read the sub it seems like for most people, even those who rely on consistent savings vs. IPO / liquidity events to drive net worth, there are pivotal moments in your career or life that affect the FatFire journey. For me, consistent saving and indexing has certainly helped but I have made a couple of decisions that have accelerated or derailed my FatFire journey. I think consistent saving is the most important factor in achieving a FatFire lifestyle, but absent a few good choices I would not be where I am today. Mine are below for those who are interested.
+
+Restrainer - not fully researching an opportunity before jumping in and buying a franchise. Long story short, in my younger years I wanted to 'be my own boss' and bought a franchise. I did very little due diligence and trusted a couple of folks who were also running franchises that I did not know well. It was not an unmitigated disaster (eventually got my capital back) and was a great learning experience but it certainly set me back as I didn't have an income for a couple of years, did not save, had stagnant capital growth, and had a few serious personal side effects that took years to recover from. I certainly learned to do my due diligence. All in all this probably cost me $400-$600K in lost income and capital stagnation.
+
+Accelerant - transitioning from Consulting to Private Equity. I massively accelerated my comp growth, investing capabilities, and happiness by changing careers. It was a significant bet as I was very senior in the consulting world and was taking a step backwards in title and compensation, under the belief that I would accelerate again. It played out as expected and my income now is well above what it would have been in consulting as is my net worth. This single decision has easily tripled my net worth in the past seven years and seen a 4x or so growth in annual income. It has also positioned me to continue to succeed in the future, with further income and net worth growth.
+
+While I likely still would have fatfired in my prior career, the decision to leave and take the risk put me about a decade ahead of where I expected to be at this point in time.
+Listen, I don’t know shit from shinola, but I know this sub is going through some shit.  And it’s been hard to watch.  Fuckin embarrassing, really.  So much mod drama.  Y’all gotta learn not to rely on them so much.  So what now?
+
+Wouldn’t it be the ultimate nut punch to the hedgies for us to come roaring out of this rather intense FUD campaign joyously snatching up all the shares we can?  
+
+ I don’t know much but I do know that tomorrow morning I’m gonna buy more shares as a direct result of the clusterfuck that was this past week.  While I would never tell anyone what to do with their money, wouldn’t it be awesome if apes arrived at a similar place?  Hypothetically speaking, of course.
+
+This is not financial advice.  I was dropped repeatedly on my head and fed paint chips as a child so take what I have to say with a fraction of a grain of salt.
+
+Fuck the bullshit.  Buy gme.
+About how much could a pro trader make monthly off a 30K day trading account?
+
+Assume:
+
+* No commissions, USA broker 
+* 4:1 leverage Equities only, and NO options 
+* No overnight positions 
+* No compounding. 
+* Balance returns to 30K at month end.
+
+I'm curious to see your thoughts, and if there is consensus among the group.
+
+ETA: 30K is PDT, so buying power is $120K
+My wife and I have arrived at fiRE status with a net worth north of $10M and our next step is going to be to buy our dream home for our family. 
+
+The home will likely need a down payment of around $1M to $1.5M - probably in about a year or so. We’ve been investing in the markets about a million a year from our business profits and so the plan is to start to build up cash rather than doing what we’ve usually done - regularly adding to our broad array of investments. Those investments are all long term. 
+
+But the next million or so will be needed for a down payment so it’s not appropriate to put those short term dollars into those sorts of investments. The question is where to park that money and earn the most on it but in a secure/conservative way. Inflation just eats away at it and bank interest is de minimis. 
+
+Any suggestions on where to park these funds?
+
+EDIT - There is some discussion about home price and such so I figure I’ll help by putting some meat on the bone: I’ve been in business for 20 years and revenue and profit have been very predictable. Profit will continue to be anywhere from $1.5 to $2.5M per year. I’m already semi-retired with no intention or need to sell because I can largely sit back and let the business continue to operate and continue making this money long term. Selling would only give me a few years of these profits because I’m not in a business that fetches 10x or 20x multipliers.  It may also be worth mentioning that we sold another business recently and have equity as a result that is likely to net us another $1M to $2M in a few years. 
+
+A loan amount of say $3.5M on a 30 year fixed at around 4% interest these days is $16,500 a month or about 200k per year. That represents about 8 to 13 percent of our gross depending on gross any given year. Add a little more for taxes and insurance and we’d be spending about 9 to 14% of gross. Standard rule of thumb is to stay within 28% so we will be well under - less than half and perhaps spending only one-third of the “rule of thumb.” 
+
+Couple other fun facts to add: until last year I was also paying state tax in a high income tax state and now pay zero (we moved where we currently rent). So saving around 100k per year in state taxes that I am happily reallocating towards the new house. And even more fun fact - I’ve been paying alimony of between 200k and 450k per year for the past 10 years and that likewise has come to a grinding halt. So we’ve been living our lives watching about $400k flying out the window every year in state taxes and alimony that we now get to keep. And we’ve done it without breaking a sweat. So the idea of now taking a mortgage paying 200k per year (our prior home was about 100k per year in mortgage) for a 100k increase whilst finding ourselves with 400k extra per year to cover that 100k delta sure seems like a no-brainer from first hand experience.
+
+I’ve probably only inspired more questions with the above but anyway there you go!
+I own 2 single family homes. #1 is paid off and worth about $100k on the open market with $100 per  month insurance. #2 i owe roughly $43k and is worth around $125, my payment on this one is $850 per month and $100 per month insurance. #1 rents for $1200 monthly and #2 for $1000. I would like to know, what would be the best way for me to benefit from these properties. Should i sell, keep renting as is? or is there something else i can do without losing too much money. what am i doing wrong or right?
+Hey Ausfinance,
+
+Just read this new article about how TPG is not allowed to compete with NBN on fixed line services:
+
+https://www.itnews.com.au/news/tpg-offered-sliver-of-hope-in-bid-to-overturn-nbn-protectionism-559277
+
+Just wanted to post here because I am surprised that competition would be denied in Australia to protect the government's NBN network.
+
+We have TPG fibre in the upper north shore and it's great, $69 per month for unlimited downloads and I get fast internet, last night I was downloading cyberpunk at 11MB/S.
+
+Whenever I visit my parents on NBN their internet is slow and friends pay similar amounts to us with capped speeds and download limits. I feel as though the consumer is worse off with no competition just so the government can protect its NBN asset which it will hope to privatise and sell one day.
+My fiancee sends me rent every first of the month. It's an automatic payment through quickpay. Somehow her payment in March was sent to my phone number but it was registered to somebody else. What makes this odd is that my number was registered to me and I have proof of previous notifications that it was registered to me.
+
+
+We filed a complaint three times with chase. Their customer service reps by phone were horrendous and didn't understand. They said it was our fault for incorrectly putting the number. I had to explain that I believe it is fraudulent because it is my phone number. That phone number was registered with me. Then unregistered and registered to someone else. We filed a federal complaint and also denied the claim.
+
+What is our option? 
+Hi Reddit,
+
+I have had enough $$$ in savings to put down a fair deposit in Melbourne/Brisbane/Sydney for about five years.
+
+
+But because I had to move across the country for work a lot, and my partner and I were still figuring some things out, I have just kept the cash in my bank until things were more settled, with the goal of buying something with my partner in late 2022. 
+
+
+Don’t get me wrong - I am enormously grateful to even be in a position where I can save enough to consider buying. I know I am very lucky. 
+
+
+But after watching prices soar the past 12 months I feel like an idiot. I feel like an idiot for not buying something when I could first afford it, and I feel like an idiot for just having cash sitting in a savings account, I feel like an idiot for spending years being indecisive when I could be in a much better position if had just picked somewhere to buy when I could. 
+
+
+I grew up poor so parting with money is really difficult for me, and that has played into why I didn’t buy earlier… I didn’t want to buy unless I was 100% sure of everything. But in reality I could have bought something in 2017, then rented it out when I moved around the country for work. I just can’t stop feeling angry at myself for my past decisions, being indecisive, and passing up an opportunity to have financial security. 
+
+
+With how much prices have risen it has completely thrown our plans out of whack - we can no longer afford the kind of property we need for the next stage of life of having kids etc. We both work in CBD-based roles - I’d love to move regional but that’s just not an option for our careers. 
+
+
+Should we try and buy something ASAP before prices rise even more, or stick to original plan of late 2022? Or should we just give up on buying, keep renting, and invest the cash elsewhere?
+
+
+Sorry for self indulgent rant - I just feel upset because I have sacrificed so much to save the deposit I have. I lived in crappy sharehousing for 10 years, I worked multiple jobs at points in my life, most of my clothes/belongings are secondhand, I rarely go out… and now it feels like all that sacrifice was for nothing.
+No ones talking about shorting robinhood. In order to do that you must first buy RH. This sub is purely for GME. Please remove the spam. Remove the Posts claiming users are going to short robinhood. Remove the posts claiming the shorting posts are FUD. Remove these dumb posts. THIS SUB IS FOR $GME. Any pro/anti sentiment about other stocks or stocks about to IPO please remove and mute the authors temporarily from posting. 
+
+
+Fin.
+First, let's jump into and talk directly about the zeitgeist.
+
+Yes, it is heavily manipulated. Yes, there is a shortage. Yes, there is a case for the inflation adjusted price being disconnected from current market value.   Yes, it has industrial use. Yes, it's the metal on your wife's bf's cock ring.
+
+​
+
+You're not wrong, but theres some major issues.
+
+It's a 1.5 Trillion dollar market cap. There is a hard case for the WSB, if acting in collusion which it shouldn't, cause that's naughty, to move silver.
+
+Citadel, et al own a real stake in silver. Maybe deal with one issue at a time.  They would be enriched by this play, which effectively undoes doing them dirty.  Do you really wanna give them a reach around while you're savaging their red little asses?
+
+Think about who owns the physical good.  This would cause physical silver to rocket, enriching some pretty nasty despots (both political and financial). None of this exists in a vacuum.
+
+Every time someone has tried to mess with the silver market at scale it's blown up in their faces. Especially the Hunt brothers (Silver Thursday in 1980).  They literally lost their billion dollar family fortune in the mid 80's (from the stuff stemming from 1980)
+
+Precious metals are a far more liquid market, with far greater trading times, and more world markets effecting price.  This means there are more players.  WSB was the David in the GME story, and won't register on the Silver market. You have COMEX & LBMA.
+
+JPM is one of the big Market Makers.  Citadel et al aren't even a blip compared to JPM.
+
+I'm saying it's not even bringing a knife to a gun fight.  It's bringing a rubber band gun to a nuclear arms meeting.
+
+These MF's are gonna eat all your tendies for an appetizer and want more.
+
+​
+
+That said, the existing DD has had very very valid points.  Silver is logically a sound investment, especially after QE Eleventy Billion.  I'm saying bleach your mind of the thought of attempting to impact the silver market.
+
+​
+
+Relevant positions: A few hundred ounces of physical silver. And if ya'll trying to mess with this, I'm going long on $ROPE
+#Edit 5:
+
+I've decided to remove the text in this post for now because the last thing I want to do is mislead anyone. I've made other edits stating not to get too excited.
+
+So far, nobody's been able to find anything to verify that there were ever any options for September 17. Even the waybackmachine shows there wasn't.
+
+So, for now at least, I recommend everyone take it for a grain of salt and consider it to be nothing.. Just to err on the side of caution and not get anyone's hopes up. (Too late 😞)
+
+I'm still not sure what the heck is going on with that. I'm looking into it, but my best guess is I may have been mistaken and have been looking at AMC's option chains. If so.. Good God I'm retarded.
+
+No idea why Fidelity shows that date for September 17 then.. Others have suggested it may be opening up to options soon. I just don't know.
+
+Well, I slept, I watched GME for hours on end, and did a bit of research. Found nothing. 💩 I'll keep trying to make some sense of this while I eat. If I find out anything definitive, I'll update this post again.
+
+And thanks everyone for all the support and coming together to help figure this out. I'm very sorry if this turns out to be nothing but my own insanity. (But seriously though.. Why the HELL does Fidelity have that date?!)
+https://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=16397
+ 
+How can it give such high returns (annual trailing at 14.41%)? Credit quality is rated high by Value Research, while Franklin's UST Fund's credit quality is medium.
+ 
+AUM is a mere 57 crores. The fund (in its regular variant) has existed since 2008.
+ 
+Look at this file (row 149):
+ 
+https://www.pgimindiamf.com/docs/default-source/documents/scheme--dashboard--july-2019-(1).xlsx
+ 
+and one can see that in July one year trailing return was 11.78% so there must have been a major boost in the last four or five months.
+ 
+Any insights about the fund or the fund house?
+There's this rule that if you want to change Mutual funds, it'll be carried out as a removal transaction and then you can reinvest, so basically you'd have to pay tax on the profit and then reinvest. This hurts compound interest.
+But is there a way to reinvest that money in another fund house of same mf without actually removing the money?
+And if possible which apps out of these we can do this on - Zerodha, Groww, Upstox
+Why every investment site and newspaper writing daily article about Zomato IPO? I know it's a brand but it's look like they are trying to hype the IPO as the PE and financial reports are not good. I'm right or missing something about Zomato IPO?
+Aug 17 (Reuters) - A cybersecurity flaw in a software designed by BlackBerry Ltd (BB.TO) could put at risk cars and medical equipment that use it and expose highly sensitive systems to attackers, the U.S. drugs regulator and a federal agency said on Tuesday.
+
+The warning came after the Canadian company disclosed that its QNX Real Time Operating System has a vulnerability that could allow an attacker to execute an arbitrary code or flood a server with traffic until it crashes or gets paralyzed.
+
+The software is used by automakers including Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Ford Motor (F.N) in many critical functions including the Advanced Driver Assistance System.
+
+The U.S. Cybersecurity and Infrastructure Security Agency (CISA) said the software is used in a wide range of products and its compromise "could result in a malicious actor gaining control of highly sensitive systems, increasing risk to the Nation's critical functions", the CISA said.
+
+The federal agency that comes under the Department of Homeland Security and the company said they were not yet aware of any case of active exploitation of the flaw.
+
+The U.S. Food and Drug Administration said it was not aware of any adverse events even as medical equipment manufacturers assess which systems could be affected.
+
+BlackBerry had initially denied that the vulnerability, dubbed as BadAlloc, impacted its products and later resisted making a public announcement, Politico reported, citing two people familiar with talks between the company and federal cybersecurity officials, including a government employee.
+
+https://www.reuters.com/technology/blackberry-software-flaw-could-impact-cars-medical-devices-us-agencies-2021-08-17/
+[This chart](http://static4.businessinsider.com/image/56cd9d646e97c61d008b9408-800-600/screen%20shot%202016-02-24%20at%207.05.40%20am.png), which comes from the Economic Report of the President, shows the sad state of global growth and perennially disappointed IMF forecasts.
+
+And while the failure of these forecasts for one or two years out is notable, it might be most depressing to see the IMF's 2011 forecast for 2016 gross-domestic-product growth of 5% miss the mark so widely. What could've been!
+Retards, listen up.
+
+UPDATE: CLOSED MY POSITION
+
+So a while back I YOLOed my entire account on calls and [lost it all in 4 minutes](https://www.reddit.com/r/wallstreetbets/comments/l8rftx/loss_porn_for_all_the_new_people_here_yoloed_my/). Like a sensible "investor" I wanted my money back, I mean who wouldn't right? So fast forward 1 week and I'm thinking "what's the fastest way I can make my money back?". Selling puts of course. 
+
+So I'm looking at these 70,000-80,000 contracts and I forgot I couldn't write naked options. So I went ahead and tried to short 100 shares in order to short 1 contract and receive the premium, but there weren't any shares available to short. I started to panic because I had just lost around %80 of my account and I can't find a way to make it back. Luckily, I managed to find something called back/ratio on thinkorswim, and saw that I would receive roughly the same amount of money. Now, you might be asking which stock and strike price I chose. Unfortunately, out of the money put options didn't give me enough money, so I went ahead and did the next best thing: 780/800 str FDs. Now, these are deep in the money puts, so I am relying on them not being exercised. You might think this is stupid but I think it's smart. Who in their right mind would want to exercise an 80k option and lose all of its value just to short 100 shares at 800. The only way it's getting exercised is if the buyer forgets to sell and their broker did it automatically.  I only have around 8,500, so if I somehow have to deliver 200 shares at 800 each.... then I'm fucked. If everything works out I will increase my account value by around 10x, if not then I might $ROPE. It can't go tits up. 
+
+POSITIONS:
+
+​
+
+https://preview.redd.it/n16hgoiteag61.png?width=954&format=png&auto=webp&s=74bab8d0e4a152406f91d2f50402a6d8ab94143c
+**What's happening?** 
+
+BUSTA is a next generation GameFi platform and DEX built on Binance Smart Chain. After the successful IDO on Samurai and Starter, it’s now time for the listing on Pancakeswap and BUSTA DEX. 
+
+BUSTA DEX is a UniSwap clone on BSC with one major difference - instead of having the same swap fee for all tokens and burning the DEX’s native token from the fees, BUSTA DEX allows each token to choose its own swap fee and how that fee is distributed. Even with a 4% swap fee, BUSTA DEX is still cheaper than trading on PancakeSwap.
+
+BUSTA DEX has a 4% swap fee on all trades of BUST, PancakeSwap is only 0.25%. So how can it be cheaper to buy and sell BUST on BUSTA DEX? Because of the price impact that you will encounter on PancakeSwap since it has only a fraction of the liquidity compared to BUSTA DEX. BUSTA DEX is where the most liquidity is. 
+
+*More liquidity = lower price impact = cheaper trade*
+
+  
+**What Is Price Impact?**
+
+Price impact is the effect that any buy or sell will have on the price of the traded token. It occurs as part of the trade and therefore must be considered when deciding to proceed with a trade or not. Price Impact increases when the liquidity of the trading pair is low and the amount traded is high, and decreases when the liquidity is high. 
+
+BUSTA is putting 10% of their initial liquidity on PancakeSwap and the other 90% on BUSTA DEX. Furthermore, their BUST-BNB and BUST-BUSD staking pools are routed through their DEX so all the liquidity that’s staked in the pools will increase the trading liquidity available.
+
+This means that shortly after the token is released, they could very easily end up with 95–99% of the available liquidity on BUSTA DEX.
+
+So you’re welcome to go to PCS and check what price you’ll get there, but don’t be surprised if you see 5%, 10% or even 20% price impact for your trade.
+
+For ease of access and the cheapest trades, you’ve got to trade on BUSTA DEX :)
+
+  
+**What happens with the fee on BUSTA DEX**  
+
+
+* 1% auto-burns BUST
+* 1% auto-adds BUST trading liquidity
+* 1% goes to a pool where it’s split between additional staking rewards and the [affiliates ](http://dapp.busta.gg/referral)who refer users to the BUSTA platform
+* 1% goes to the BUSTA DAO where it’s split between topping up the BUSTA CRASH bankroll and the Treasury for further development and marketing etc.
+
+So not only are you getting the best price, but you’re also supporting the BUSTA ecosystem with every trade.
+
+*PS*. The DEX is still in beta so although the core swapping functionality works fine, there are some UI bugs that we are hard at work fixing. We’ll have it all fixed asap, but if you do encounter any issues just do a hard refresh of your browser and disconnect/reconnect your wallet and you should be fine.
+Curious to hear what people think will follow as a result of ScoMo releasing the findings after the close of markets on Monday. How will the markets react? How will the opposition take advantage of it? Will the banks take a pounding?
+Hi, I'm a newbie in coding and been trying to learn to build a backtester in python or learn to use either zipline, backtrader or pyalgotrade so that it has an optimizer that could figure out which settings would be the best for my strategy. Have my own strategy in pinescript in tradingview (Will translate it to python), but it doesn't have an optimizer in the strategy tester. Been googling and researching and there's been so much information, but I'm still in the dilemma of should I learn to build my own (For loop/event driven) backtester? And if I do what's the best way I could go about doing so and where do I find open source examples of backtesters I could learn from? :) I know about Github having a lot of codes but still rather confused. 
+
+p.s have historical data in csv file
+
+I'm pretty new to this, been learning and finding my way so any help would be greatly appreciated! :) 
+*SPOILER* The Big Short vs GME comparison (SKIP IF YOU DONT WANT TO SEE SPOILERS)
+
+1. Michael Burry is running some numbers, finds anomalies, and realizes that people will default on their mortgages creating a huge housing collapse. *DeepFuckingValue is browsing stocks and finds GME is way over shorted and that the stock is far undervalued and the shorts would need to cover.* 
+
+2. Michael Burry puts his money where his mouth is and puts a 1.3B dollars bet based on his gut instinct and belief and buys Credit Swaps. He suffers ridicule and doubt from his colleagues and peers for a very long time. *DeepFuckingValue puts a $50,000 bet on his research and gets ridiculed beyond belief on WSB for his monthly updates for hodling GME for over a year* 
+
+3. Other people begin to realize the housing market might be propped up on a bunch of bullshit loans that will never be paid back and come to the same realization as Michael Burry. *A bunch of apes start to dig and realize DFV was onto something.*
+
+4. Investors hire a realtor to drive around housing neighborhoods and find that there are neighborhoods completely vacant, or visit low paid workers who have 5 loans for 5 houses who cannot pay their mortgages but received loans. *Apes search the web and continue to find that the available GME shares to buy on the float are naked shorted at 140% and this is a scenario that shorts will HAVE to buy back the float.*
+
+5. Other investors buy credit swaps to short the housing market based on their research. *Apes pour in and buy shares of GME based on their research.*
+
+6. People begin defaulting on their loans as expected creating a huge issue for the banks. *GME begins to increase share value because of mass apes buying and the shorts can’t cover as it becomes expensive.*
+
+7. The banks tell the public and the investors that people are defaulting, but the mortgage backed securities are still rated at AA so they are still good. *The media tells investors and the public that Melvin Capital is doing impressively well even though they received a $2B dollar bailout from Citadel.*
+
+8. The banks push the narrative that the mortgage backed securities are rated AA even though the underlying securities are beyond fucked, and they push hard buy back the credit swaps from the owners of the credit swaps. *Media continues pushes the narrative that GME is dead in the water even though GameStop continually has positive news (no debt, lots of cash, decent revenue, expanding. New management), and retail needs to exit to save their money.*
+
+9. Michael Burry tries to call the banks to get his money because it is public news that the defaults have happened. They don’t answer his phone calls. They make excuses that the servers went down and their networks were down. *We’ve seen the buy button go grey, Reddit go down, brokers like RH make securities not tradeable due to server issues,  and some brokers like Schwab who said their servers couldn’t handle the traffic on Jan 27th (complete BS).*
+
+10. The banks collapse. They can’t keep it together and pay out all of the investors who bought credit swaps. *THIS IS WHERE WE ARE. THEY CANT HOLD FOREVER, WE JUST NEED TO BE PATIENT AND HODL OUR PRECIOUS SHARES. REMEMBER THE DD.*
+
+Edit: from u/ismybostonadogorapig 
+I want to add to your point 9, that on 5/5 the Consolidated Tape Association (CTA) had issues and had to reset the tape, and that on and around those days 30-50% of volume was adjusted after hours. SUS
+
+11. The banks get bailed out, and only one person goes to jail. *This will be the same.*
+
+We are at the end game fellow Apes. We will prevail if we trust the DD and hodl our shares. SHORTS MUST COVER. The credit swaps were a bet with 10:1 odds so their payouts in the 2008 housing crash were set. Our payout is determined by our diamond hands and what our average sell price will be. 
+
+Hodl your shares as this can’t go tits up. They’ve been fighting us, creating FUD, and trying to get us to sell our shares back to them at a cheap price. THEY WILL TRY IT AGAIN SOON. Expect a run up to $1,000 or $5,000. Expect a massive drop. Expect them to create fear. This is what they do. Hodl your shit. They are going to do anything to get our shares for cheap. 
+
+Print out everything. Print your current shares and positions. Keep track of it during the squeeze and document all you can. 
+
+As our beloved Marvel characters said in Avengers, “we are in the end game now.”
+
+Edit: remember, the credit swaps were fixed payouts of 10:1. There is no fixed payout here for GME. There is no limit to what the payout is. It is truly going to be determined by us who hodl these. Hodl for 10,000%+, 100,000%+, 1,000,000%+
+I am about to purchase a house (UK). I have spent the last 10 years building up my credit score and now have an "excellent" score with Experian (996) - I have no arrears or late payments for the last 10 years. I am a high earner (£70k) and no dependents. My outgoings are about £1000 a month. My income is £3500 a month. I have no credit except a £500 credit card which I use and clear in full every month. I have a 15% deposit for the mortgage in cash. 
+
+I finally put in an offer on a property I like and the offer got accepted. I did one quick check of my experian report - it's still excellent so I apply.
+I pass all the affordability checks. However the bank then declined me the mortgage credit! Both me and the mortgage advisor are so confused. I asked why and explained my experian score was perfect and was told they don't use Experian, they only use Equifax.
+
+So I go and buy a copy of my Equifax report and lo and behold my score is "poor". I look through the report - no arrears, no credit, good repayment history. Finally I find the only "negative" - I am not on the electoral roll at my current address (I've applied but I guess it's taking a while). I call up Equifax and they say this is 100% the reason the report is showing a "poor" score. I explained that all other criteria are green ticks and I have repaid about 10 small loans in full. They said they know but the one negative (electoral roll) is enough to give me a poor score!
+
+Is this really enough to reject me outright for a mortgage? They have told me to appeal but that 99% of the time the decision is final. What do I do next? I don't want to keep applying and getting rejected and getting marks on my credit report. I have a solicitor lined up and I need to start moving with the mortgage funds or I'm going to lose the property. Any suggestions? (Ps I know I *should* have made sure I was on the electoral roll before applying but a) I have already applied and b) I didn't think this would reject me outright; seems a bit like overkill!)
+ 
+
+[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c)
+
+**Please keep ALL conversations contained to Gamestop and directly related topics.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Brand new to the sub? Start here!
+
+***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.*
+
+https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd
+
+The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you:
+
+# [GME.fyi](https://fliphtml5.com/bookcase/kosyg)
+
+[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules.
+
+**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules)
+
+**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Flair Links
+
+Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile.
+
+[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+Hey everyone, it's been a year since my wife and I moved into our first home and I wanted to post the numbers for what we incurred with expenses throughout the year in the hopes of giving others some insight into things to look out for when buying a house. Some of these expenses weren't expected to happen so quickly but we were lucky enough to saved for a rainy day. This is our first home, and it was a foreclosure that we picked up from a bank that had been fixed up. The only thing we knew about the previous owners was that they liked a variety of drugs more than they liked their mortgage payment. The owners before that also had problems with drugs, our neighbors have been able to give us this information on the previous owners. That doesn't mean much aside from knowing that they weren't people who likely spent a lot of money/time keeping the house in good shape.
+
+I rounded all of the expenses up/down to the nearest dollar. You'll notice some things weren't really necessary and were more geared towards things we wanted (looking at you Nest doorbell). I included them in the list to help others with the little things that come up along the way that might not be anticipated. These items are bold.
+
+We were able to put 20% down and avoided PMI, the house was purchased for $115,000 with a 30 year fixed rate at 4%. We are in the process of refinancing to a 15 year at 2.5%; it is costing us $1,500 to do that refinance and isn't included in these numbers.
+
+
+
+
+Name| Cost | Notes
+---|---|----
+Roof | $6,675.00 | Our inspector told us the roof was fine when we closed on the house, our insurance provider said to get it replaced for them to cover the house
+Air Conditioner | $3,500.00 | Central Air
+Couch | $1,780.00 | 
+Cement pathway between house and garage | $1,500.00 | Previously a decorative pathway that was in shambles
+Fridge | $1,000.00 | 
+New Side garage door + New screen door for side of house + installation | $928.00 | 
+Cement | $800.00 | City required the sidewalk to be fixed before we could move in
+Lights | $740.00 | The previous lights were moldy and had electrical issues from misuse
+Stove | $600.00 | 
+Air Ducts Cleaned | $550.00 | We heard this was a good idea prior to moving in
+Plumber | $550.00 | Leaky pipe in the basement that led to the outdoor faucet
+Lawn Mower | $410.00 | 
+Toilet | $361.00 | Previous toilet was leaking
+Dryer Hookup | $350.00 | 
+Garage Door Motor | $350.00 | The garage door motor failed shortly after we moved in
+Ceiling Fans | $200.00 | 
+**Safe** | $200.00 |
+**Fence Paint** | $200.00 | 
+**Nest doorbell** | $200.00 | 
+Inside House paint | $200.00 | 
+Office Chair | $190.00 | 
+Tree Stump Removal | $180.00 | A tree was beside the house and it's roots/branches were going to quickly become a problem
+Vacuum | $170.00 | 
+**Thermostat** | $169.00 | 
+**Mini fridge** | $160.00 | 
+Modem | $160.00 | 
+Electrical Breaker | $150.00 | 
+Spider Exterminator | $150.00 | 
+Curtains | $150.00 | 
+**Camera for house** | $120.00 | 
+Leaf blower | $99.00 | 
+**Garden Soil** | $90.00 |
+Trimmer | $80.00 | 
+Wood for Fence | $80.00 | 
+**Electronic door lock** | $50.00 | 
+**Plants** | $50.00 | 
+Garden Hose | $50.00 | 
+**Door Locks** | $40.00 | 
+Broken Window | $40.00 | This was required to be fixed by the city within 90 days of moving in
+Vanity | $40.00 | 
+Window Screen | $35.00 |
+Light bulbs | $32.00 | 
+Misc Yard Supplies(weed killer/dirt, etc) | $30.00 | 
+Top Soil | $20.00 | 
+Garage Door opener/re-programmed | $16.00 | 
+Gutter drains | $16.00 | 
+**Total** | **$23,461.00** |
+
+Edit, Location is Detroit, Michigan. 1,200 sqft.
+
+
+Edit 2: This post has gotten a bit of exposure and I wanted to add some info to help clear things up for new home owners. 
+
+* Plan for the bad things (e.g have an emergency fund)
+* Get a first/second/third quote on things to fix, especially large ticket items
+* Things like AC/central air aren’t needed for some people, in my case a window AC unit could have sufficed if I wanted it to
+* Knowledge of home maintenance can save thousands of dollars; not being good with plumbing, electrical work, pouring cement, etc cost me a lot
+* Foreclosures can cost more than a newer house, any house can have unforeseen issues, buy a house you can afford
+* If you have old stuff that works then keep and use it, new stuff always costs more than you might want to spend
+
+
+This list is just a list of things that we purchased; it's pretty easy to spot the things that could have been put off for a little bit (not everyone would need a couch that cost what we got). Also, I really am jealous of those people who have the skill-set and time to do things themselves or are in a situation to not worry about buying cheaper houses. A decade ago I was in financial trouble and felt like I would never find a way out. I’ve since made the decision to never be a slave to debt and outside of this house I pay for everything without financing. It’s been a struggle, there were times I thought about giving up and succumbing to the tougher lifestyle, but I didn’t. It’s possible to dig yourself out of those holes. I appreciate all of the thoughtful comments and for those that have asked the tough questions.
+I know there have been discussions on this in the past but I'm wondering if something has changed over the last year. I'm looking to start buying MFs directly and wanted to know recommendations on platforms; I have come down to one of
+
+* Orowealth
+* Kuvera
+* PayTM Money
+
+Does anyone have an opinion on these 3 services? Do they all run on MFU or are there alternative means?
+
+Thank you in advance!
+I've made a post about it before but I have to keep making posts until this is put in to the public. There needs to be an audit of tether. They claim to back up each USDT with USD. Who here actually thinks tether has 1.6 billion of USD lying around backing their claims on the exchanges? There is nothing at all backing their claims. People are playing a game of hot potato and just hoping that when Tether crashes that it's not them that's caught holding it last. Tether needs to release a public audit. 
+[Link to the full article (1 min read)](https://www.cnbc.com/2022/11/01/amazon-plunge-pushes-valuation-below-1-trillion-first-time-since-2020.html) Amazon stocks dropped another 5.9% on Tuesday after falling for five straight days. It closed at their lowest price since April 2020, wiping most of the gains made during the pandemic surge. The recent sell-off was triggered after Amazon gave a disappointing Q4 forecast and expects sales growth to be lower in the coming holiday season. Similar to other big tech peers, Amazon has struggled this year from economic slowdown. The company has been forced to scale back after expanding dramatically during the pandemic. So far this year, their stocks dropped 43% and is on track for the worst year since 2008 when it plunged 45%.
+
+**Check out** [**investorsnippets.com**](https://investorsnippets.com/) **for more bite-sized news like this straight to your inbox for free.**
+Hey all. If this isn't the right sub, please let me know!
+
+I have been a member at crunch for a little under a year. The gym is fine, whatever. When it came time to pay my annual fee (a few months ago), I noticed they charged me 49.95 once and then 49.95 AGAIN the following month. I called my home club, and they said "oh, you're right, you were double charged, I'll request a refund."
+
+I didn't get that refund for about 3 weeks, because they kept saying it's "in process." SO fine, I got my refund. But if I hadn't checked my statement, I would never have known.
+
+Now to today, I am seeing my regular monthly 9.95 monthly membership fee TWICE two days apart. So no way it's for two different months, that just makes no sense. Isn't this stuff automated??? Are they doing this on purpose hoping I won't notice??
+
+Anyway, my question is, besides asking for a refund, is there anything else I can do? It can't be ok that they keep pulling $$$ out of my bank account that I DO NOT OWE. I didn't sign up for this .....
+
+Side note, yes my bank account is linked because a few months ago they were giving away Amazon gift cards to people who linked their bank accounts... big mistake?
+
+tl;dr - Crunch keeps doublecharging me. Do we just let them get away with this??? What can I do besides ask for a refund (and obviously cancel)??
+I just finished coding v1.5 of my cryptocurrency arbitrage program, so if you guys want to make some money trading with it check it out:
+
+* **Website** with live data: https://manu354.github.io/cryptocurrency-arbitrage/
+
+* **GitHub**: https://github.com/manu354/cryptocurrency-arbitrage
+
+The aim of opensourcing this is that this will hopefully improve the state of cryptocurrencies by lowering the price variations between markets and make cc's, more appealing to mainstream investors.
+
+The program is in not yet finished and will probably never be - I have plans to make it into an arbitrage bot in a not so distant future. I am working on it everyday and would love some help too :). To see the roadmap/ todo list visit the GitHub. Message me if you want me to add a specific Market (although it is pretty easy to do yourself if you know a bit of code).
+
+I would love some feedback! BTW please star & watch the GitHub repo :)
+
+I have plans to turn this into a statistical arbitrage bot integrated with machine learning.
+
+Donate to keep it hosted: LTC: LVXCvcV52unCdcqvyvKp6mC6AAVur1EZ57
+
+Edit, made a slack for contributing: https://join.slack.com/t/cc-a/shared_invite/MjE2NTQyNzM0NjYwLTE1MDA4MjA5MzEtMjhlNjZmYzJkYg
+I just finished coding v1.5 of my cryptocurrency arbitrage program, so if you guys want to make some money trading with it check it out:
+
+* **Website** with live data: https://manu354.github.io/cryptocurrency-arbitrage/
+
+* **GitHub**: https://github.com/manu354/cryptocurrency-arbitrage
+
+The aim of opensourcing this is that this will hopefully improve the state of cryptocurrencies by lowering the price variations between markets and make cc's, more appealing to mainstream investors.
+
+The program is in not yet finished and will probably never be - I have plans to make it into an arbitrage bot in a not so distant future. I am working on it everyday and would love some help too :). To see the roadmap/ todo list visit the GitHub. Message me if you want me to add a specific Market (although it is pretty easy to do yourself if you know a bit of code).
+
+I would love some feedback! BTW please star & watch the GitHub repo :)
+
+I have plans to turn this into a statistical arbitrage bot integrated with machine learning.
+
+Donate to keep it hosted: LTC: LVXCvcV52unCdcqvyvKp6mC6AAVur1EZ57
+
+Edit, made a slack for contributing: https://join.slack.com/t/cc-a/shared_invite/MjE2NTQyNzM0NjYwLTE1MDA4MjA5MzEtMjhlNjZmYzJkYg
+I just finished coding v1.5 of my cryptocurrency arbitrage program, so if you guys want to make some money trading with it check it out:
+
+* **Website** with live data: https://manu354.github.io/cryptocurrency-arbitrage/
+
+* **GitHub**: https://github.com/manu354/cryptocurrency-arbitrage
+
+The aim of opensourcing this is that this will hopefully improve the state of cryptocurrencies by lowering the price variations between markets and make cc's, more appealing to mainstream investors.
+
+The program is in not yet finished and will probably never be - I have plans to make it into an arbitrage bot in a not so distant future. I am working on it everyday and would love some help too :). To see the roadmap/ todo list visit the GitHub. Message me if you want me to add a specific Market (although it is pretty easy to do yourself if you know a bit of code).
+
+I would love some feedback! BTW please star & watch the GitHub repo :)
+
+I have plans to turn this into a statistical arbitrage bot integrated with machine learning.
+
+Donate to keep it hosted: LTC: LVXCvcV52unCdcqvyvKp6mC6AAVur1EZ57
+
+Edit, made a slack for contributing: https://join.slack.com/t/cc-a/shared_invite/MjE2NTQyNzM0NjYwLTE1MDA4MjA5MzEtMjhlNjZmYzJkYg
+1. No more than 20% of your savings/investments in crypto. Volatility is real. This is speculation. 
+2. Every 10 days there is a dip. Sometimes it is mild, sometimes it hurts if you bought near the ATH. Till now, after the second and before the third deep, the value of the coin/token under scrutiny was higher than before the first dip. This means that, if you hold your position, your money will grow despite the dips. 
+3. Invest the 80% of your crypto money in Eth and Btc. These are among the least risky high risk cryptos. 
+4. Invest the 20% of your crypto money in low cap, low cost tokens, trying to get more than 50.000 tokens for each penny-crypto you buy. Volatility here is very high, but you can earn some money even in 20/40 days. In this range, I choose the projects that I think can have a positive impact in the broader, potential, community. 
+5. During a dip, do not leave your positions unless the impact of your potential loss (coin dipping to zero) is gonna ruin your life (but it shouldn’t if we stick to number 1), or unless the dipping isn’t transforming your wallet from life changing/enhancing to just meh. 
+6. Do not fomo. There will always be a crypto having a great, once-in-a-lifetime possible, performance. Buy that crypto if you can afford the right amount, but buy it in addiction to your cryptos and only during the next dip (there will be one) or, if you really cannot wait, at least after the token/coin correction.
+7. Be light with yourself: even in 2 months I saw alts that I wanted to buy, but that I left behind, going 400x. This is a game made of choices. Don’t blame yourself and try to be patient. 
+8. This is crypto: nobody knows shit. 
+9. During a bull run, redditors and twitters are euphoric. They want to go to the Lambo riding the moon. During a dip, despair rises. People question everything, even the very meaning of their lives, when red is the color. 
+10. This is crypto: nobody knows shit. 
+
+Cheers
+
+EDIT
+I’m now following some self-proclaimed crypto-analysts. They sketch obvious geometries over a chart, quotes a very basic Fibonacci’s rule and say “it could go up or it could go down”. This reinforces my findings number 8 and number 10.
+
+EDIT 2
+I can obviously change pov making more experience. I’m not saying that these are some kind of rules. This is just what I can say to myself today, after 2 months into the game. Two months ago, I would have been glad to read this list. 
+
+EDIT 3
+I chose Eth as my main crypto bid not only for its potential growth and stability, but because it can be the engine of the biggest revolution after Internet: the decentralization of the micro-credit and the democratization of the remuneration of the copyright of an idea. And because the engine of this engine is a guy who has the ability to avoid banality: https://www.google.com/amp/s/cointelegraph.com/news/vitalik-buterin-nfts-are-a-social-good-not-just-a-casino-for-rich-celebrities/amp
+
+EDIT 4
+I just cried looking at the eth chart
+I bought my first fixer upper. I paid cash. By the time I am done doing everything I need to do I should have less than 20k in it. When done the property according to comps done by some realtor friends of mine it will be worth 40-48k. I am actually going to live in it to eliminate having a mortgage. And then possibly invest in more properties. My only problem is, and maybe I am being sensitive - Whenever I bring my friends to see it nobody ever has anything good to say. They all say things like "well this needs alot of work." Or "this is going to take you forever." And it actually won't. MOST of the things the house needs are cosmetic and non structural. There are no kitchen cabinets in it right now. And nothing but a tub in the bathroom. It needs alot of drywall put up and new flooring. All things that I think to myself, "man I got a great deal. This is mostly all easy stuff." I know it shouldnt bother me, but it does a little. Do you guys remember your first fixer upper property? Were people supportive when they saw the work needingh done? What did people think when they saw it (or any property that needs rehab you have done) pre renovations? I feel like they can't see the finished product as I can see it and have it planned out in my head.
+I found this when looking at the Apple App Store page for National Bank:
+
+[https://apps.apple.com/ca/app/national-bank-direct-brokerage/id1586858913](https://apps.apple.com/ca/app/national-bank-direct-brokerage/id1586858913)
+
+Looks like the app was released 2 days ago, and is only for the Apple App Store as of now. I was wondering if anyone has given it a try to see how good it is. I don't currently use NB but am strongly considering switching from WS.
+Anyone else not buying the jump in stocks over the last few days? Unemployment numbers will continue to jump.  Everything I am hearing is the state systems are down and I highly doubt that the 3.2 million number is all encompassing.  Layoffs will continue well into April as some companies expected to get back to work immediately but are now realizing the case count and death toll is rising even faster than before.  I think the whole swath of the south who are following republicans advice and are generally obese will get hit even harder than NYC on a % basis.  Furthermore - Cheesecake Factory came out yesterday and said it wasn’t going to be paying its rent.  This is the first large company to say this but it won’t be the only one.  Many individuals are also doing the same with rent and mortgages.  We haven’t even seen the tip of the iceberg.  I think we have, at minimum, and additional 30% to drop in s&p 500 and likely greater than 50%.  I feel like I am watching the big short and we are at that point where the numbers start going bad but the prices are still going up.
+Welcome to the live megathread for the Lucy Komisar AMA! Today's focus will be on the SEC. Gonna be a great one-- don't miss it!
+
+**Catch the live stream here:** [**Lucy Komisar - AMA**](https://www.youtube.com/watch?v=wuPizlDY0Ys) **(4:30pm Eastern)** 
+
+ Just a heads-up we have decided that it would be best to have a single live chat. This means we will be refraining from having a youtube chat so all the action can be here. Also, having the automod to help us moderate this chat helps keep it from getting too shilly.
+
+Enjoy! 
+
+^(\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_)
+
+^(Please note: this chat will be locked half an hour after the stream)
+Hello all,
+
+I know I have had a late start, but now that I am here I am in it for the long haul. 30M non-EU citizen with no debts or obligations looking to invest ~1000€/month in the following way. I would appreciate a feedback.
+
+
+ETF | TER (%) | Allocation
+---|---|----
+iShares Core MSCI World UCITS ETF USD (Acc)| 0.20 | ~~60~~ 55%
+iShares Core MSCI Emerging Markets IMI UCITS ETF| 0.18| 20%
+~~iShares Core EURO STOXX 50 UCITS ETF (Acc)~~ iShares Core MSCI EMU UCITS ETF EUR (Acc)| ~~0.10~~ 0.12 | 10%
+Cash/Bonds(?) | depends on inflation and savings acct interest | ~~10~~ 15%
+
+Some questions I have are below. I would appreciate advice/opinions/discussion.
+
+1. As you can see, I am still undecided on whether to leave 10% as cash in a savings account, or invest them in bonds, to reduce risks. Use of bonds to mitigate risks is particularly stressed in Boglehead's Guide multiple times. But every portfolio advice I have seen on EU finance subs seems to suggest to avoid bonds. Is there any specific reason for that? Do we also have inflation-protected bonds? Or just saving the money as cash and losing to inflation is more reasonable? I have also seen portfolios that are 100% equity. Is that safe?
+
+1. I included *~~Euro STOXX 50~~ MSCI EMU* to limit my exposure to US and UK, as I am already exposed to them through MSCI World. I don't think Brexit will have any long-term effects on UK but this is just for my own peace of mind. US equities also seem overbought so adding another Euro component in addition to *World* seems prudent. Any counter-arguments/comments on this rationale are welcome.
+
+1. If bonds are not a good investment in EU at the moment, would 60%/25%/15% be a better allocation than saving 10% cash? I am not sure how to assess which is better in the long run.
+ 	
+1. Do you guys think it's reasonable to chase offers to lower the costs or stick to a cheap broker and go for comfort? This question is more Germany-specific but any advice is welcome. Boglehead's guide also stresses the importance of keeping your costs low and I am wondering what the general view is when it comes to comfort/cost. The above three ETFs in my allocation are part of the free savings plan with Onvista but I have heard of people being rejected from creating an account as only 6 nationalities are eligible. I would rather not go with Degiro as I would like to find a German broker so my taxes are taken care of. The next cheapest option seems DKB with 1.5€ per purchase. That means the annual cost of doing this is 54€, every year. I could go for this, or find multiple brokers who provide the ETFs I am interested in for free as part of their savings plan. This leaves my portfolio scattered and harder to maintain.  Which is better? There is also the consideration of TER for ETFs. For example, I can find another broker who offers the Euro STOXX 50 for free as part of their savings plan (Amundi instead of iShares), but the TER is 0.25%. What do you think will be cheaper in the long run?
+
+Thank you for taking the time to read all of this, I hope this post generates good discussion that will be useful for others.
+
+Edit: Decided MSCI EMU is more diversified and better, based on /u/Saturnix's suggestion. Might have to get an account at comdirect.
+
+Edit 2: Also decided to allocate 55% to MSCI World and add the remaining 5% to the cash savings. I will have to find a way to get a nice savings interest on that 15%. 
+Hi everyone,
+
+Croatian here that wants to **start investing long term** and doesn't know **what platform/broker to use.**
+
+I'm thinking of **monthly investing EUR \~200** because that is the maximum I can put aside for now and puting it into some ETF.
+
+I only have a croatian and a Revolut bank account and if i'm not wrong, transfer fees, which are fixed, for such a low sum of EUR 200 each month defeat the purpose of investing.
+
+What are your suggestions for a platform/broker keeping in mind i'm from croatia (tax wise) and also does it even make sense to start putting EUR 200 each month?
+
+Thank you! :)
+This is specifically about Degiro.
+
+I accidentally bought IE00BJ38QD84 ETF (Russel 2000) in USD on LSE because I didn't realise it was also traded on Euro exchanges such as XETRA (I trade in Euro). However, the LSE one has way more volume than XETRA so that is a big plus to me.
+
+I have been trying to figure out what costs are and are not included when it comes to buying in USD but I can't figure it out for certain. The ETF is domiciled in Ireland but it's of US stocks so I'm not certain if LSE converts the price to USD or XETRA to EUR. Either way, it **seems** that they are the same when converted with the current exchange rate but I'm not certain if the AutoFX costs of 0.1% are something I pay extra or not.
+
+Also, I'm wondering if by buying in Euro, if I am protected from the swings in USD/EUR exchange rates but the ETF is not hedges so I guess not...right?
+Hi there fellow  Europeans! I'm in the process of starting with investing but I'm having trouble deciding what apps to use. My plan is to have an account for long potition in stocks and ETF and an account for day trading. In your experience, what app has the lowest fees for those purposes if I invest as a Greek citizen?
+I've put others as flair as I'm a UK expat.
+
+I have 3 pensions which I'm planning to put in a pot (about £3k total).
+
+I have around £25k in tax free ISA.
+
+I have a property that someone else is managing for me (gifting).
+
+I have £1.5k in vanguard savings which I love and is doing v well.
+
+I have about £15k in my current account (what shall I do with this, vanguard?).
+
+I have about £150 in free trade as an experiment
+And around 1k in crypto.
+
+I also have about €5k in Revolut, which I'll use as my EU account.
+
+Thoughts and what should I ensure is in place before moving? Thanks and appreciate advice!
+I have invested in Degiro in the VUSA ETF. The plot of the ETF  follows the S&P (1 month data) but the S&P is down 0.5% and I am down 2.6%. I have not performed any other transaction, just bought 10 pieces of that ETF.
+
+I can't undestand the reason for the discrepancy. Any ideas? Any hidden costs i don't know?
+ I want to open an online securities account ( for example on flatex.de as i live in germany ). Do i have to trust that this company will always be around? Are they regulated as a bank?
+
+Do i "own" the etfs that i bought thought them or they are controlled by them?
+
+how do i chose an entity that i trust, I want to know what happens if in the future one of this entities gets bankrupt.
+Hi,
+
+​
+
+as title says, can someone explain how accumulating ETF works on example? 
+
+On example if I'm investing in VWCE or CSPX acc. how can I find out how much was accumulated through period of 1 year?
+
+Does that accumulated value get reinvested into new shares or? What if accumulated value is not enough to buy 1 share and we are not able to buy fractional shares of US ETFs, what happens with that money?
+We are working couple from Germany. We save around 4k per month and invest most part into world ETF and rest sits in the bank.
+We stay in a rental apartment and in near future want to have kid too. 
+
+Should I check and invest in real estate also? The prices looks so high for me so I never bothered. But with mortgage this becomes easy to take leverage. 
+
+Any advice on how to think about real estate investment would be welcome. Thanks.
+***Fun update: I just sold 20k worth from my TRANSFERRED portfolio to pay the bill.  And DKB charged CGT at source for it!  I have no idea how they calculated it without all the magic historical data that they say is missing. Seems I’ve effectively paid CGT twice for the same ETF.  Shzzzz, this is going to take some sorting out!
+
+Hi all.  I am an EU citizen, resident in Germany since 2015. In 2017 I discovered ETF investing, opened an account with Degiro (a Dutch broker, coz they had an English language portal) in 2017 and dabbled a bit.  Then in 2019, I lobbed a chunk of redundancy money, thinking I was great.  Until I, and eventually a very expensive tax consultant, tried to work out the German taxes, something which I didn’t even think of before (I mean, I knew I would have to pay but didn’t consider how or when).  The portfolio is made up of 76% equity ETFs, 12% bond ETFs, 4% cryptocurrency ETFs and 8% commodities ETF.  
+Through the jigs and the reels, I then figured that my tax life would be simpler if I just had a German broker to handle the ETF tax for me.    
+So, in 2021 I transferred my full portfolio from DEGIRO to DKB, a German bank.  It wasn’t a smooth process.  When the transfer was done, I could see nothing left in Degiro, and all the ETFs in DKB.  All good.    
+The DKB interface is pretty shite anyway, but I soon realized they were not showing me any movements on my transferred ETFs.  Turns out, the Dutch company doesn't use the TAXBOX system that the Germans require, so no historical data (date bought, value etc) was transferred.  Course, neither company told me of this limitation before the transfer. Infuriation!  And I just knew there would still be tax problems.  
+I buried my head in the sand till I submitted my German tax return for 2021.    
+Seems the entire portfolio was “Deemed to be Sold” so I have a whacking big capital gains bill to pay.  In 13 days, holy feck!  
+My Annual Statement from Degiro shows Year Start balance (around 400k) and Year End balance of 0, naturally enough.  
+I didn't get a statement from DKB on the rogue transferred shares, just the ones I bought through them.    
+However, I suspect from the preliminary communication with the Finanzamt, the info on the Deemed Sold ETFs was shared with them.  
+To my plea for advice from you knowledgeable people:  
+Could this really be the case  - I assume but I have not got confirmation from the Finanzamt that this is true, that they are really deemed sold?  
+If they are deemed sold, grand, I will pay the CGT bill, but what next?  How will I ever track which specific ETF shares I already paid CGT on, but still own?  
+(I continue to invest in my various ETFs through DKB.  They give me all the info and manage the taxes on the new “types” of ETF, but if I add on the the existing rogue transferred ones, they don’t)  
+I’m inclined to just pay the CGT owed up till end 2021, sell all the rogue transferred ones and start again with buying a new portfolio (through DKB to keep it simple).    
+The entire portfolio is running at about 7% loss YTD, all negative with exception of a Commodities ETF which is flying it.   I kinda figured I would sell and buy back mostly the same stuff, with a few tweaks.  So besides the transaction costs, I´d be more or less on par.  
+I’d imagine there’d be some back and forth for my 2022 tax return, but hopefully it will be all over then and I can sit back and let the bank do the work.  I can’t imagine how that might be in 10 years, if I don’t do it now.  
+I feel like such an amateur and I’m scared as shit of the German tax authorities 📷.  Appreciate your feedback and guidance!
+https://www.cnbc.com/2021/09/21/amazon-will-lobby-government-to-legalize-marijuana.html
+
+Amazon lobbying for legalization. This is Amazon, so who knows, this could go somewhere. Or not. Thoughts though? What are you expecting long-term? And lets say legalization does happen, what tickers would you jump on/expect to be the most successful?
+1. Price is not the only indicator.
+
+2. We had 3 years of consolidation (2018-2021) for a couple month bull run? I think not. 
+
+3. The recent ATH was achieved from hype, media and market manipulation, what we are in right now is a blow off stage, short term consolidation before gains in the 4Q. 
+
+4. I am not making this to be a “moon boy” or one of those $10k EOY guys. it’s nice to believe but i’ve been in the crypto space for awhile now and I know that things take time but I don’t see a 2-4 year bear market looming right now. Just wanted to make a positive sentiment in the midst of the bears, continue to HODL, all.
+Guten Morgen to this global band of Apes! 👋🦍
+
+🩳 🏴‍☠️ 💀
+
+I'm normally much more verbose, but there is beauty in the simplicity here. Shorts Arrrrr Fucked.
+
+Today is Wednesday, February 23rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟩 120 minutes in: **$120.44 / 106,19 €**  *(volume: 1105)*
+- 🟩 115 minutes in: $120.14 / 105,93 €  *(volume: 805)*
+- 🟥 110 minutes in: $120.01 / 105,81 €  *(volume: 777)*
+- 🟥 105 minutes in: $120.25 / 106,03 €  *(volume: 773)*
+- 🟥 100 minutes in: $120.28 / 106,05 €  *(volume: 705)*
+- 🟩 95 minutes in: $120.40 / 106,15 €  *(volume: 705)*
+- 🟥 90 minutes in: $120.11 / 105,90 €  *(volume: 697)*
+- ⬜ 85 minutes in: $120.37 / 106,12 €  *(volume: 642)*
+- 🟥 80 minutes in: $120.37 / 106,12 €  *(volume: 642)*
+- 🟩 75 minutes in: $120.71 / 106,42 €  *(volume: 576)*
+- 🟩 70 minutes in: $120.61 / 106,34 €  *(volume: 458)*
+- 🟩 65 minutes in: $119.87 / 105,69 €  *(volume: 246)*
+- ⬜ 60 minutes in: $119.40 / 105,28 €  *(volume: 241)*
+- ⬜ 55 minutes in: $119.40 / 105,28 €  *(volume: 235)*
+- 🟥 50 minutes in: $119.40 / 105,28 €  *(volume: 235)*
+- 🟩 45 minutes in: $119.43 / 105,30 €  *(volume: 220)*
+- 🟥 40 minutes in: $119.42 / 105,29 €  *(volume: 220)*
+- 🟩 35 minutes in: $119.46 / 105,32 €  *(volume: 210)*
+- 🟩 30 minutes in: $119.43 / 105,30 €  *(volume: 205)*
+- ⬜ 25 minutes in: $119.40 / 105,28 €  *(volume: 195)*
+- 🟥 20 minutes in: $119.40 / 105,28 €  *(volume: 164)*
+- 🟩 15 minutes in: $119.46 / 105,33 €  *(volume: 159)*
+- 🟩 10 minutes in: $119.40 / 105,28 €  *(volume: 123)*
+- 🟩 5 minutes in: $119.37 / 105,25 €  *(volume: 121)*
+- 🟩 0 minutes in: $119.36 / 105,24 €  *(volume: 101)*
+- 🟥 US close price: $118.06 / 104,09 €   *($118.55 / 104,52 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1342. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+In my quest to ~~never have to do anything myself~~ raise my kids to be self-sufficient, I've had them do a lot of things around the house: build shelves, change headlight bulbs, replace the toilet flap assembly, clean out the p-trap, install a wall-mount TV.  This year I had them do my taxes.
+
+Granted, my taxes are very simple and straight-forward.  Two W-2s, 1 residence, nothing fancy.  We use Turbotax, so it walks you right through everything and has pop-ups to answer common questions.  My son (16) did most of the work.  My daughter (13), who is much more interested in money, was thrilled when the refund number would go up, and horrified when it went down.  She's also mad that she only earned a $150 child credit.  She thinks she's worth MUCH more than $150!
+
+My son sort of moaned and groaned a little at first, but I said, "You've got two years to learn this shit. This year and next year. After that you'll be in college and you won't even be home at tax time, so belly up to the desktop, kid, and quit your bitching." He quickly saw that resistance was futile, and that doing taxes wasn't some mysterious cumbersome thing. 
+
+I'll click through everything before I submit, but I'm pretty sure it's fine.  All in all, it was a pretty good experience!
+Whether it be as a retiree, working expat, digital nomad, perma-traveler or what have you, taking off to live in **Cheap Country X, Y or Z** can be awesome.
+
+I know it's awesome because I've done it, in several different countries.
+
+But I find that most of the blog posts or articles you read about this alternative lifestyle plan are misrepresentative at best and half full-of-shit at worst.
+
+They're either:
+
+A. Geared towards wealthier retirees looking to "slum it" on US$4000/month. Quoting the price of beer in Bangalore at $3 because that's what you pay for a Bud Light and presuming you'd rather go hungry than eat at a local-style restaurant.
+
+or...
+
+B. List ridiculously low monthly budgets to make anyone with more than $10,000 in the bank say, "MAN! Did you know it only costs $5/day to live in paradise? I could retire immediately."
+
+For this particular rant I am going to dispel the falsities purported by Type B.
+
+**Only the truly devoted hippie can stand the test of time of living like a local long-term.**
+
+There's a certain segment of the demographic in here who really do live the *rice and beans* dream. Who live a life so free of epicurean delights that a slice of lemon in their glass is the only upgrade from tap water they'll ever need.
+
+But most of us are after an existence that's a bit more comfortable.
+
+Not superfluous and wasteful but comfortable enough that we'd want to splurge on Burger King once in a while even if street Phở can be purchased with change found in the sofa.
+
+And instead of sitting on the floor...we'd like that coin-collecting sofa.
+
+**So the next time you read an article that makes the cost-of-living elsewhere sound out-of-this-world unrealistic, realize that it probably is.**
+
+Here are a list of realistic expenses that are generally missing:
+
+- **Cost of traveling home.** Most people will want to go home every year or two to visit family & friends. The cost of returning to the first world for even 2-3 weeks can easily be equivalent to 2-4 months of your third world budget.
+
+- **Same goes for pleasure travel.** If you like living overseas then you are likely a travel addict, too. Remember that planning to live on $800-1000/month ad infinitum means that you'll only be traveling to shoestring budget countries for the rest of your life. 
+
+- **Food.** Even when the local food and drink is amazing, you won't want to eat every meal this way. You'll want this imported cheese or that cranberry sauce for Thanksgiving or a sixer of your favorite beer or dinner at the Thai place or a better quality pizza or whatever. You'll easily spend 3-4 times what a local does on food each month (estimate) in the developing world, one way or another.
+
+- **Luxury goods cost more.** Computers, appliances, tools, etc. Any of the stuff not owned by poor people will cost more overseas than you're used to paying at home (particularly if you're American)...there's a long list of things that non-wealthy locals do without that you'll likely want. Expect to pay more for these luxury goods.
+
+- **Cheap labor often sucks.** You get what you pay for when it comes to labor/services...so sometimes you'll have to pay more to get a level of service to your satisfaction. If you want a painter that doesn't get paint all over the floor, this costs more than the standard market rate. Same story for low-cost health care...if you have a cold then Dr. Simi is a godsend...but if you need surgery you'll likely need to go to a big city and pay more to visit an international hospital or similar.
+
+- **Same goes for quality anything, really.** Quality costs money in the developing world...and as worldly as you think you are, you'll likely be wanting to upgrade a lot more things from the "local" style than you'd imagine. Even quality pet food will cost you nearly double what you pay at home.
+
+- **Charity.** Despite the fact that you're not wealthy by YOUR standards, you will be wealthy by local standards. As such, it only makes sense that organizations will ask you to pitch in financially for fixing up the school or for the local festival, etc.
+
+- **Clothing.** If you're at all non-average sized, you'll have a hard time buying shoes/clothes that fit overseas. 
+
+- **Real Estate.** In many cases the rents listed on these cheapo blog posts are for tiny apartments in neighborhoods where most foreigners wouldn't want to live. 
+
+- **Currency fluctuation, inflation and long-term COL.** The younger you are the more you need to wonder what the COL will look like 10, 20 or 30 years from now in your new home. There are ways to mitigate and hedge this risk but presuming little volatility in the world's most volatile places is foolish....and this is exactly what these "retire on $1000/month" articles insinuate.
+
+This isn't to say that there aren't super LCOL destinations out there...there are...and it's great to go out for dinner and drinks and not even check the menu to see if beers are $1 or $1.25...but anyone seriously considering the lifestyle needs to do more than take the listed monthly budget in *Country X* and multiply it by 12...you'll spend more than that and probably significantly more.
+Hi everyone,
+
+As a preface, I'm 22 and have been trading since the start of the year. I made a little money from investments, but my emotions soon got out of control and I started investing in penny stocks.
+
+Right now, I've lost around 3k and I'm down 8k in my foolish penny stock investments (stupid me put it on XSPA and GNUS) and I don't know if they are going to go up any time soon... I honestly feel depressed of how quickly my numbers turned negative. I'm holding onto them because I can't bring myself to sell them and confirm the losses.
+
+I was planning on putting a down payment on a condo later this year but now I don't have enough for it and a family member recently got diagnosed with leukemia so now there are some additional expenses that I have to help out with.
+
+If I decide to sell all of my stocks, I'd lose around 11k total but would have enough money free'd up to put a down payment.
+
+I don't know what to do. I've been saving up so that I can move out once I get a condo but this fucked me up. I called in sick from work today because I just feel depressed, and sick to my stomach every time I look at my numbers. Every day it feels like I'm sinking into a bigger hole as XSPA and GNUS get lower.
+
+Would it be wise to just accept my losses and walk away from trading?
+There’s been a lot of back and forth regarding the Evergrande default fiasco and where it currently stands. I’d like to make a brief post to clear some things up.
+
+
+What has happened:
+
+In September and October multiple interest payments were missed by Evergrande only to be paid off in the “11th hour” when a deal was struck to offer alternate payments. The details of this deal were/are still unknown.
+
+https://www.wsj.com/articles/china-evergrande-makes-overdue-interest-payment-on-dollar-bonds-state-media-says-11634869419
+
+
+A German company by the name of DMSA (https://www.dmsa-agentur.de/) purchased $ bonds from Evergrande to provide transparency as to the validity of these payments. 
+
+
+What’s happening:
+
+On 11/10 Evergrande met the limit of their grace period to make payments on these dollar bonds, and thus was no longer protected from litigious reproach. 
+
+
+DMSA, who is claiming they have not received payment, moved forward with default proceedings stating not only that they did not get paid, but they expect Evergrande to be insolvent within days of the proceedings.  See press release for details : https://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf
+
+
+After this news Bloomberg along with other Finance News Agencies reported the contrary, that these payments were intact made. 
+
+https://www.bloomberg.com/news/articles/2021-11-10/evergrande-said-to-pay-delayed-interest-on-at-least-two-bonds
+
+
+
+Where  we are now:
+
+https://www.linkedin.com/posts/dr-marco-metzler-403341163_evergrande-has-officially-defaulted-german-activity-6864475010753404928-Gqak
+
+The managing founder of DMSA has reached out via LinkedIn claiming Bloomberg is lying, and is / has been mis reporting the potentially invalid claims that payments have been made.
+
+I e-mailed DMSA to follow up and received the following response. 
+
+“Hello Redacted,
+please follow the latest news from Dr Marco Metzler on linkedin. There is no more information right now.
+Best regards 
+Inga
+
+Von meinem iPhone gesendet”
+
+
+So as of right now, the creditor who has stated and sought legal reproach from Evergrande has stuck to their guns and is continuing to say Evergrande has defaulted. 
+
+
+Personal opinion: 
+
+Lots of high level bullshittery is happening  and Bloomberg may be complicit in a financial cover up if they are intentionally misrepresenting the facts.
+
+
+TL:DR: Evergrande HAS defaulted, until DMSA/ the courts say otherwise. 
+
+
+UPDATE:
+
+Although Evergrande has officially defaulted, let it be said that DMSA was misrepresenting their position. The reason they were not paid was because they did not fall within the coupon date, no one responded to his request. Now he’s gone full crackpot sellout. Be careful out there.
+
+
+
+Disclaimer
+
+I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
+
+All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
+
+I will not and cannot be held liable for any actions you take as a result of anything you read here.
+
+Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
+Hi everyone,
+
+As you probably know, the SEC recently [re-opened the comment file](https://www.sec.gov/news/press-release/2022-186) for a bunch of rule proposals due to some technical problem they had with an online form. This is good news! The SEC proposed a new rule called 13f-2 which is targeted at investment managers (hedge funds, mutual funds, etc), calling on them to finally have to disclose their short positions. Unfortunately, the SEC proposal would only provide aggregated public disclosure - how many shares are sold short in a given name, for example, but not manager-level public disclosure like 13Fs do for long positions. There are several other shortcomings in the rule proposal.
+
+We The Investors have [written a comment letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) to address the shortcomings in the proposal. The best way to make your voice heard is by filing a comment letter yourself, and we have some info on [how to do that](https://www.urvin.finance/advocacy-issues/comment-letters). However, given the abbreviated comment period (it's only open for 2 weeks), another effective way to make yourself heard would be to take the comment letter we've written, make sure you agree with it (or make changes to it), and file it under your name. We've [included 2 different formats on our website](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) \- a Google Docs version and an MS Word version.
+
+It's important for the SEC to know that there are serious numbers behind this effort. A ton of industry firms filed comment letters pushing back hard against this new proposal as being too costly and onerous. We want to make sure that the SEC doesn't just follow-through with the proposal, but strengthens it to include individual manager disclosures, disclosure of derivative positions, and other important changes. You might be dismayed with the SEC and you might think nothing can change - but this is an important opportunity, and we've tried to make it as easy and simple as possible to file a letter. I hope you'll consider making your voice heard in this process!
+Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider.
+
+Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than $3.1 billion of Amazon shares, after selling more than $4.1 billion worth of shares in February. The sales this week bring his total cash out in 2020 to more than $10.2 billion so far, which is a notable jump from 2019, when Bezos sold $2.8 billion worth of shares.
+
+Even with the latest stock sale, Bezos still owns more than 53 million shares worth nearly $170 billion, making him the richest person in the world.
+
+The transactions were made as part of a prearranged 10b5-1 trading plan, according to the filings. Amazon declined to comment on the latest sale.
+
+Bezos has previously said he sells about $1 billion of Amazon stock each year to fund his rocket start-up, Blue Origin. Additionally, the Amazon CEO in February launched a $10 billion Earth Fund to combat the effects of climate change, which will issue grants to scientists, activists and other organizations.
+
+While Bezos hasn't yet announced the recipients of the fund, The Atlantic reported Tuesday that Bezos is expected to give $100 million each to the Nature Conservancy, the Environmental Defense Fund, the Natural Resources Defense Council and the World Wildlife Fund.
+
+[Source](https://www.cnbc.com/2020/11/04/bezos-sells-more-than-3-billion-worth-of-amazon-shares-.html)
+In 2011, when I was young and dumb, my older sister asked me to sign for a car loan for her and her husband for a 2011 Infiniti QX56 totaling about $60,000. At the time, her husband was the sole earner while my sister didn't work for religious reasons even though she has like 2 masters degree. I had pretty good credit while they had very bad credit. At the time, I was saving money along with my then girlfriend to buy a home. I initially turned down the request from my sister but my family pressed me and I stupidly relented and signed the contract which cost me my relationship with my then girlfriend. At the same time, I also signed a contract to rent a home in Texas for them (i lived in DC at the time and now Seattle) because of their bad credit. They kept up with the payments on the car and home until about 19 months ago. Due to financial issues, they started slipping up in their payments eventually leading up to them being evicted (and I only found out about the eviction after the fact due to an alert on my credit report). The landlord sued them (me) and got a default judgment against me for about $5000. In addition, the financial institution I got the car loan for contacted me today trying to repossess the car. My sister and her husband failed to inform me that they were 96 days past due to the tune of $4,000. I had to pay $4000 to have the repossession activity halted. 
+
+Here's my bind. My sister and her husband can't make payments so I have to now. The car loan is valued at $29000 with a monthly car note of $1054. I make above $4500/ month with my biggest expense being rent of about $1500. I lead a pretty streamlined life so this new expense feels overwhelming. Question, how can I get this debt under control? How long will it take to fix my credit? I used to be in the low 700s and now my credit is hovering at 615 and the credit bureaus have not yet reflected the late payment of the car note. Can I rent with the civil judgement showing up on my credit report? Please help me.
+
+
+TLDR: Solely signed for a $60,000 car loan for sister, now she can't pay and now I'm on the hook. Also stole my SSN. Yay!
+Who else here doesn’t want to sell at $10K? Given the potential of ETH and the active developers..I think $10K is an underestimate.
+
+We’ll all have a flippening party at $8K sure but that isn’t the end for me. With ETH 2.0 the possibilities are endless!
+
+I’m looking out for $20K, $50K and even $100K. What’s your target?
+Hi reddit,
+
+TLDR - I’m a 27 y/o Male with $40k cash. I make $65k/year, and my net operating expenses are $1700/mo. Savings rate of ~$20k/year. I have $40k cash saved and want to start investing soon. What’s the best plan?
+
+I want to get into real estate for a few reasons:
+
+- It seems to provide better cash on cash returns than dropping that sum in an index fund
+- It can scale
+- I’m fortunate to have a good living situation (low monthly rent) that’s not likely to change. I want to take advantage of this young to build wealth
+- I can offer a good living situation to others (being a good landlord and pricing fairly)
+
+That said, I have $40k cash I’ve saved up. No remaining debt. I work as a Project Manager and I’m 2.5 years out of college, so my income very likely to rise (but what I make NOW is what I want to base decisions off). 
+
+I’m waiting until I have $5k in checking acct, $7k-10k in emergency fund, and $40k down. Then I want to jump in. 
+
+Full disclosure - I live with my GF of 3 years, in a house that she inherited, which explains the low rent (house is paid off). I really don’t see us separating, but I do want to base any investment decisions off of my income alone. She’ll help in the form of providing emergency fund if absolutely stuck, but otherwise it’s all on me. 
+
+So, what would you do if you were me? I think a Duplex makes the most sense, but I want to hear your feedback and even stories of how you got started. 
+
+I’d also love to hear any general advice - how to start to learn to read markets, things you wish you did differently, things you did right. All is appreciated!
+
+EDIT - location matters - Northeast US. Not a major city. Decent duplexes here are around $250k (roughly) and decent SFR’s are around $190-225k (again, roughly). These are for functioning homes, probably with a few of the big ticket items in good shape or new. Maybe not updated rooms or appliances yet.
+Hello, so I’m new to the whole realm of home buying so I wanted to ask about pmi.... I currently live in an area where the average rent is 2000-2500/month... so roughly 30k a year... which is very annoying to know that I am just handing my money over and not going toward anything that is actually mine... the average home costs roughly 400k... I would likely get cleared for a 500k mortgage considering my income, credit, and no debt.... I would like the get a home but saving the 70-100k would take probably anywhere from 2-3 years which means I would have payed 90k in rent..... my question is basically would it be worth it to get a mortgage with little down and just pay the 4-5k/year pmi? Rather than losing out on 90k over 3 years which I could use to pay the mortgage and pmi. If I had that 90k to put at the mortgage over three years I would likely be at the 20% and would only have been paying the pmi for a few years???? What do you think would that be worth it??
+The 0% I'm usually pretty good at paying the right amount each month to have it disappear by the end, but this time I had to let it slip - but, by the end of December, I was able to pull some strings and get it paid off.
+
+Then, just now, I was able to take out a loan to pay my other card in full, at about half the interest! <700 credit due to balances, but I've never once missed a payment on anything, so that's nice.
+
+And, for the first time in my adult life, I actually made more money than I had to spend, and I'm on track to have it continue! Call me Acetone cuz I'm Solvent baby!
+
+Now just over $150k in debt left (including my student loans, and a nice house I bought because the mortgage was way less than rent, and my parents helped with the deposit), and I'm debt-free!
+This sub is not a great place to get accurate information as to the state of the crypto market. We are mostly hopium injecting moon farmers here.
+
+Truthfully the world is not in a good economic place right now, inflation is squeezing people's budgets, war and covid are creating supply shortages, rates are set to rise. It's a perfect storm.
+
+The reality is people are having to adjust the budget and don't have much to spare. Discretionary expenses are the first to go and unfortunately poor old crypto, being a speculative high risk asset class is one of the first to have money taken out of it.
+
+If you want the truth it will get much worse here short term before it gets better. I am bullish on the long term trajectory, but short term expect the suicide hotline to be pinned to the top of this sub soon.
+Inspiration: this post, maybe read it first. Please share it:
+https://old.reddit.com/r/Superstonk/comments/njyi4t/gme_gateway_to_mankinds_evolution/
+
+THESIS OR TL/DR: individual motivations for holding HIGH as FUCK are insufficient for maxing the potential good of the coming MOASS. If all you need is your lambos, your computers, your houses, your families and loved ones shit, it will NOT be enough to use the highest potential of what the moass can do for us. We need moass to a) drain swamp of corrupt 0.00001%'s, and to b) create millions of new non-corrupt "oligarchs" to steer this planet to true flourishing for all. We need STRONG and endgame visions of the common good, of what type of stuff we want to see from moass, to make the best use of this once-in-a-timeline event.
+
+
+___________________________________________________________________________________________
+
+
+Holding GME for high, really high prices, is not just a matter of getting x extra lambos. It is a matter of making the MOASS happening, so as to bring further good to all. It has a negative function, in "draining the swamp" to an extent, as well as a positive one; to reinstate a new or at least broadened "ruling class" (for lack of a better word). We NEED people to become "new oligarchs" (for lack of a better word), those people who know what its like to have holes in the socks and who sleep in cars.
+
+
+
+Paperhanding at $10k, $50k or $1m would just make possible some couple of billions more of lambos, thats all. The GME event is likely the ONLY chance we have (short of very grand scale uprisings) to steer clear of upcoming matrix/madmax dystopias, and to instead secure a reformation for the good of all. TBh, I WOULD paperhand if it was just up to me, cause in all honestly, i dont need alot and neither does my family - cash beyond the bare necessiries would only corrupt our joy, tbh. But i WOULD DEFINATELY NOT paperhand, if it turns out all of this is not just about me and my family. We need to introduce bigscale motivations of societal transformation, I think this is VERY important to take the GME event to its potential bestcase. We want the MOASS ultimately for change and justice, to improve things, not just for quick gibs. Gibs are temporary, and tbh who cares, all we need is WoW and pizza (or whatever) anyways. Glory and justice, though, are forever.
+
+
+
+Be serious about that $20m floor. Yes, im uncomfortable as fuck with that kind of money, its ridiculous, and in all honesty i dont fucking want it. However, this is not about me, and it is not about you. It is about what this planet will be at in 10 years, or 30 years, or 50 years. These are very brief periods of time in the context of our planet, our home. Yet if we dont change this shit, it looks as if Shitadel-type of people will fuck everything up IN OUR LIFETIME. Your weapon, likely one of your ONLY weapons at that realistically, is to squeeze the venom out of the system. This is what it is, the tendies. All of the money that the MOASS will extract, are blood money that deeply corrupt fuckers have been drawing out of the hands of weak and innocent everyday joes, for decades. We need to finally draw it out, and give it back in ways that will benefit all. It is not Kens money, and especcially, it is not FEDs money. It belongs to all. Im no socialist, at all, despise that shit, but this 0.0001% rule BS will break the back of this planet in our lifetime if we dont do anything about it. Its only a matter of time before the likes of Bezos, Gates, Kens, and stuff, get private armies even in practice. Then we will have Myanmars everywhere. Shit needs to be drained before its too late. If you paper at $10k, $100k or some ridiculous shit like that, it could be that you actually take portions of this potential good away from ALL, just to secure your own shit. Sure, if you live in your car and have literally nothing, take what you need. But everyone must do their hardest to maximize the MOASS potential of completely reforming this planet. Im not joking. Because if you sit there, paperhanded at $1m, who gives a shit in the end. You have 100 lambos and a lifetime of WoW and pizza. But Bezos, Gates, and more importantly, all of these who we dont even know the names of, these crazy people will still in effect rule 100% of this shit. If you are an honest paperhander, you will have to tell your kids that the old Lambo in your garage, in 20 years, is what you have, INSTEAD of something that literally had the potential to completely redo the history of this planet. 
+
+
+I didnt start off like this, i just wanted some tendies. But i hereby state that im willing to risk everything; the lambos, the unlimited pizza toppings, noncare-lifestyle, for a shot at a REAL CHANGE. If you are too, then - and only then - you are an ape and a retard. If you are not willing to risk this, being brutally honest with you now, youre just a smaller Bezos or Gates. Because you thought it cool to risk the good of others for your own bling. 
+
+
+
+If you dont have these kind of motivations (in principle) on the eve of the MOASS, you will grab the tendies and take them to the shadows, for yourself and perhaps a couple of loved ones. Smeaagol...
+Again, im not trashtalking those really unfortunate ones who are literally holding GME for their life. Like that south-african woman who risked everything for one GME, or like the countless homeless people who are diamondhanding now. God bless all those of you. I am now talking about the majority; all of us who, in honesty, more or less, have only a relative degree of comfort to loose. Being an ape is now not just about yoloing money into an obviously good investment, being an ape is now diamondhanding this shit when it counts. Good luck. I have held since Jan. I didnt trust anyone of you then, actually, i never trusted any of you until just now. I will from now on, give you my trust. Because there is a chance for a new direction for literally ALL PEOPLE in this, and the only way to get it, is to trust each other. Dont feel ashamed when you sit there as new oligarchs, with literal billions on hand, as the baptism of blood that brought you there, holding through insane levels, was the test of your honesty and good will. FUCKING STICK TO THAT APE MENTALITY and use the tendies for good. If you dont know how, find one who does. Look literally just for people who you are sure, are not corrupt. When i see you, i will know who you are. If you are just an empty ghost with a lambo, or if you actually have a good heart and rectitude of will. Good luck. I will not fail.
+
+
+Please take the time to read this post, that goes more into the positive case of what (practically) the MOASS can lead to. Also share the fuck outta it:
+https://old.reddit.com/r/Superstonk/comments/njyi4t/gme_gateway_to_mankinds_evolution/
+
+
+------------------------------------------------------------------------------------------------------------------------------
+
+
+THESIS OR TL/DR: individual motivations for holding HIGH as FUCK are insufficient for maxing the potential good of the coming MOASS. If all you need is your lambos, your computers, your houses, your families and loved ones shit, it will NOT be enough to use the highest potential of what the moass can do for us. We need moass to a) drain swamp of corrupt 0.00001%'s, and to b) create millions of new non-corrupt "oligarchs" to steer this planet to true flourishing for all. We need STRONG and endgame visions of the common good, of what type of stuff we want to see from moass, to make the best use of this once-in-a-timeline event.
+Is hyper inflation a possibility in our country?  Our government seems keen on more and more spending.  $400 million of debt per day. Is this a problem?
+I got a letter from Wells Fargo last week saying that they've denied my fraud claim and I don't know what to do.
+
+Right before New Years, someone got access to my Wells Fargo account online. They added themselves to my Zelle recipient list and made three transfers of $999.99. They also made one ACH transfer for about $500. 
+
+I made a separate claim for the ACH transfer and that was approved. So I got that $500 back. But the three Zelle/Bank transfers were upheld. 
+
+I called Wells Fargo support and they said there's nothing they can do, no appeals process or anything.
+
+I'm devastated, I was saving up to pay for a couple months of mental health therapy and now everything is gone. Is there really no appeals process? I've contacted them on twitter as a last ditch effort and they just said they "share my concern," which seems like a brush off. 
+
+I don't understand how the ACH claim was approved but this wasn't. I'm located in California if that matters.
+
+Any help would be greatly appreciated
+This is incredibly super shady and is going to make me think twice when using [crypto.com](https://crypto.com) app platform again.  Right now, 12:10 pm PST time I'm trying to withdraw ETH and BTC.
+
+On [L2Fees.info](https://L2Fees.info) it has it ETH listed as 0.36 USD. Even on their own CDC defi app the meter is at all time low of 12.
+
+However when I tried to withdraw, the fee was 0.004 for ETH which is 4.30 USD.  I thought it was a mistake so I went to coinbase and tried withdrawing and it was 0.000252 ETH, so 0.27 USD.  The price difference here is literally 15x difference WTF?
+
+Ok tried bitcoin instead. On [crypto.com](https://crypto.com) it wants to charge me 0.0006 that translate into 11.59 USD. On coinbase its  0.00000388 , 0.075 cents USD.  WTF WTF.  Even on a busy weekday coinbase was about .25 cents and these fuckers wants to charge 11.59 ?
+
+Here is as summary
+
+ETH
+
+|estimated on [L2Fees.info](https://L2Fees.info)|0.36 USD|
+|:-|:-|
+|crypto.com|4.30 USD|
+|coinbase|0.27 USD|
+
+​
+
+Bitcoin
+
+|crypto.com|11.59 USD|
+|:-|:-|
+|coinbase|0.075 USD|
+
+​
+
+I think this is very concerning. Maybe they are just trying to price gouge however I'm wondering if they are purposely making it unattractive to withdraw for some nefarious reason - what they worry about?
+
+This is very mess up and people should really consider this point when trying crypto.com.
+
+TLDR:
+
+[crypto.com](https://crypto.com) app is charging 15x and  154x more in withdrawal fees ( eth, BTC respectively ) then coinbase or other projected price from public sites.  We are talking about 7 cents compared to 11.59 dollars here so its not a trivial rounding error.
+
+\- sorry for the spelling/grammar I'm so mad right now I can't even type correctly.
+
+​
+
+edit: 5:50 pm , PST with that said, BTC average is about 7 cents USD and ETH is < 0.25 USD even on a defi wallet - this is amazing.
+Newbie, but love everything about forex. Ive been told that I'd need at least $80-100k to play with or I'd just be wasting my time. If I decided to trade for a living and needed weekly withdrawals of lets say $500, is it truly only possible with a 100k account? What account size do some you veterans trade with?
+When I first started trading, all I could think about was how many winners I had to hit in order to bank a million dollars.
+
+I completely ignored the fact that trading is risky. So I overleveraged my account. I didn’t size my positions according to a proper stop-loss, either, because I didn’t have one.
+
+My strategy for exiting trades was simple: if the pain became too much to endure, get out!
+
+As you can imagine, this resulted in more than one blown account.
+
+And my story isn’t unusual. Many traders go through this process. Most end up quitting, thinking the game is rigged and there’s no way to win.
+
+But this isn’t true at all. Trading can be both enjoyable and profitable, so long as it’s done right. But how do you know if you’re doing it right… especially when you’re on a losing streak?
+
+It comes down to one basic, but often overlooked, philosophy…
+
+I’ll tell you what that philosophy is today. And I’ll give you three simple tips that can help you find your edge in the markets.
+
+The Three-Legged Stool of Trading
+
+As a trader, your number one responsibility is to preserve your capital. It is NOT to make sky-high returns.
+
+This philosophy is not particularly exciting, which is why many traders ignore it…. with catastrophic results.
+
+It helps if you think of trading as a three-legged stool.
+
+The first leg is your methodology for analyzing the markets and finding trade setups. The second leg is your methodology for risk management. The third leg is your trading psychology.
+
+I believe the first leg, while important, will ultimately have the smallest impact on your portfolio returns. The second and third legs of that stool are crucial.
+
+That’s why, in my last article for Money Trends, I discussed the importance of having a strong risk-to-reward ratio on your trades.
+
+I showed you how, with the right risk parameters, a trader with a 50% win rate can outperform a trader with a 90% win rate. This is only possible, however, if the trader with the 50% win rate can stay alive long enough to hit some winning trades.
+
+I know, I know. This part of trading isn’t as exciting as showing a really cool trade setup with massive upside. But it is far more important.
+
+Let’s look at the math behind our numbers. For instance, our trader with the 50% win rate will at some point go through a 16-trade streak. That streak could be a winning streak, or it could be a losing one.
+
+The thought of losing 16 trades in a row is horrifying for any trader. But even a trader with a 60% win rate will go through a streak of 12 winning or losing trades at some point.
+
+If you plan on trading for any significant length of time, you will go through this streak. And if you’re hoping it will be a winning streak… then you’re gambling.
+
+I’ve been there…
+
+Over my professional trading career, there have been times when I’ve lost 8 or 9 trades in a row.
+
+If I didn’t have a rock-solid risk management strategy, odds are I would have gone through a devastating drawdown that would have been nearly impossible to come back from.
+
+Which begs the question: How do you find the risk management strategy that’s right for you?
+
+Three Steps to Finding a Winning Strategy
+
+Every trader’s exact risk management strategy is different, but one thing is for sure…
+
+You should protect your downside… and always think first about how much of your account you could lose on a trade before sizing up the potential rewards.
+
+How do you do that? Here are my top three tips:
+
+Keep your positions small and your targeted risk-to-reward ratio high. Nobody puts on a trade thinking that it is not going to turn out well. Every time you pull the trigger, it’s because you think you have a winner on your hands.
+
+Remember that and plan accordingly. By keeping your positions small and your targeted risk-to-reward high, you don’t need to take outsized positions to achieve strong returns over time.
+
+If you take a position that is 0.25% of your net account value and you hit a 3:1 winner, you just returned 0.75% on your account. Not bad at all.
+
+Have rules for how much net exposure your account can have at any time. It is all well and good to commit to taking small positions. But if you have several small positions open at once, they could add up to a significant exposure.
+
+Don’t throw out your strategy and go shopping for a new one just because you’ve lost a few trades in a row. Remember, a trader with a 50% win rate will eventually go on a 16-trade streak. The odds of having smaller 4 or 5 trade streaks is much higher.
+
+If you decide your strategy is no good just because you have a few losing trades in a row, you are not allowing your statistical edge to play out.
+
+Bottom line: Losing is a part of trading. What separates the “bad” from the “good” traders is that the good traders set a risk-management plan… and stick to it. 
+
+So next time you’re going through a rough patch in the markets, don’t panic. Just remember the three tips above.
+
+Regards,
+by Jimmy Young, CTA
+Who is Jimmy Young?
+Retired proven professional Bank FOREX trader with over 20 years of hands-on FOREX trading experience.
+
+1) Knowledge Deficiency – Most new FOREX traders don’t take the time to learn what drives currency rates (primarily fundamentals).
+
+2) Overtrading - Trading often with tight stops and tiny profit targets will only make the broker rich. The desire to “just” make a few hundred dollars a day by locking in tiny profits whenever possible is a losing strategy.
+
+3) Over leveraged - Leverage is a two way street. The brokers want you to use high leverage because that means more spread income because your position size determines the amount of spread income; the bigger the position the more spread income the broker earns.
+
+4) Relying on Others – Real traders play a lone hand; they make their own decisions and don’t rely on others to make their trading decisions for them; there is no halfway; either trade for yourself or have someone else trade for you.
+
+5) Stop Losses – Putting tight stop losses with retail brokers is a recipe for disaster. When you put on a trade commit to a reasonable stop loss limit that allows your trade a fair chance to develop.
+
+6) Demo Accounts – Broker demo accounts are a shill game of sorts; they’re not as time sensitive as real accounts and therefore give the impression that time sensitive trading systems, such as short-term moving average crossovers can be consistently profitably traded; once you start dealing with real money, reality is quick to set in.
+
+7) Trading During Off Hours – Bank FX traders, option traders, and hedge funds have a huge advantage during off hours; they can push the currencies around when no volume is going through and the end game is new traders get fleeced trying to trade signals. There is only one signal during off hours – stay out.
+
+8) Trading a Currency, Not a Pair – Being right about a currency is half a trade; success or failure depends upon being right about the second currency that makes up the pair.
+
+9) No Trading Plan - 'Make money' is not a trading plan. A trading plan is a blueprint for trading success; it spells out what you see your edge as being; if you don’t have an edge, you don’t have a plan, and likely you’ll wind up a statistic (part of the 95% of new traders that lose and quit).
+
+10) Trading Against Prevailing Trend – There is a huge difference between buying cheaply on the way down and buying cheaply. What was a low price quickly becomes a high price when you’re trading against the trend.
+
+11) Exiting Trades Poorly – If you put on a trade and it’s not working make sure you exit properly; don’t compound the damage. If you’re in a winning trade, don’t talk yourself out of the position because you’re bored or want to relieve stress; stress is a natural part of trading; get used to it.
+
+12) Trading Too Short-term – If your profit target is less than 20 points don’t do the trade; the spread you pay to enter the trade makes the odds way against you when you go for these tiny profits.
+              
+13) Picking Tops and Bottoms - Looking for bargains works well at the supermarket but not trading foreign exchange; try to trade in the direction the price is going and your results will improve.
+
+14) Being Too Smart – The most successful traders I know are high school graduates. They keep it simple and don’t look beyond the obvious; their results are excellent.
+
+15) Not Trading Around News Time – Most of the big moves occur around news time. The volume is high and the moves are real; there is no better time to trade fundamentally or technically than when news is released; this is when the real money adjusts their positions and as a result the price changes reflect serious currency flow (compared to quiet times when Bank traders rule the market with their customer order flow).
+
+16) Ignore Technical Condition – Determining whether the market is over-extended long or over-extended short is a key determinant of near time price action. Spike moves often occur when the market is all one way.
+
+17) Emotional Trading – When you don’t pre-plan your trades essentially it’s a thought and not an idea; thoughts are emotions and a very poor basis for doing trades. Do people generally say intelligent things when they are upset and emotional? I don’t think so.
+
+18) Lack of Confidence – Confidence only comes from successful trading. If you lose money early in your trading career it’s very difficult to gain true confidence. The trick is don’t go off half-cocked. Learn the business before you trade.
+
+19) Lack of Courage to Take a Loss – There is nothing macho or gutsy about riding a loss, just stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Getting married to a bad position ruins lots of traders. The thing to remember is the market does crazy things often, so don’t get married to any one trade. It’s just a trade. One good trade will not make you a trading success; rather it’s monthly and annual performance that defines a good trader.
+
+20) Not Focusing on the Trade at Hand– There is no room for fantasizing in successful trading. Counting up and mentally spending profits you haven’t made yet is mental masturbation and does you no good. Same with worrying about a loss that hasn’t happened yet. Focus on your position and have a reasonable stop loss in place at the time you do the trade. Then be like an astronaut – sit back and enjoy the ride. No sense worrying because you have no real control. The market will do what it wants to do.
+
+21) Interpreting FOREX News Incorrectly – Fact is the press only has a very superficial understanding of the news they are reporting and tend to focus on one element and miss the point. Learn to read the source documents and understand it for real.
+
+22) Lucky or Good – Your account balance changes don’t tell you the whole story about your trading. Fact is if you are taking a lot of risk and making money you will eventually crash and burn. Look at the individual trade details. Focus on your big loses and losing streaks. Ask yourself this, "If I had a couple of consecutive losing streaks or a couple of consecutive big losses, how would my account balance look?" Generally, traders making money without big daily losses have the best chance of sustaining positive performance. The others are accidents waiting to happen.
+
+23) Too Many Charity Trades – When you make money on a well thought out trade don’t give back half on a whim. Invest your profits from good trades on the next good trade.
+
+24) Courage Under Fire – When a policeman breaks down the door to a drug dealer's apartment he is scared but he does it anyway. When a fireman climbs onto the roof of a burning building he is scared but does it anyway, and gets the job done. Same with trading. It’s ok to be scared but you have to pull the trigger. No trigger – no trades – no profits – no trader.
+
+25) Quality Trading Time – I suggest 3 hours a day of quality, focused trading time. That’s about all your brain allows. When you are trading, be 100% focused. Half way is bullshit - it doesn’t work. Don’t even think that time spent in front of the computer watching the rates has any correlation to profitability - it doesn’t. Spend less time but when you're trading, be 100% focused on trading.
+
+26) Rationalizing – Killer. Absolute Killer. Put your trade on and let it run. If it hits your reasonable pre-determined stop, you're out. Think of yourself as a prizefighter. You just got knocked out. Moving your stop is like getting up after being crushed with a knockout blow. It’s pointless. Things will only get worse. Don’t ignore the obvious. You're wrong – get out. Come back the next day and try again. A small loss will not hurt you - a catastrophic loss will.
+
+27) Mixing Apples and Oranges – Have you ever done this? You see the EURUSD trading higher so you buy GBPUSD because it “hasn’t moved yet”. That’s a mistake. Most of the time the reason the GBPUSD hasn’t moved yet is because it's already overbought or some 4:30am UK news was bearish. Don’t mix apples and oranges. If EURUSD looks bid, buy EURUSD.
+
+28) Avoiding the Hard Trades – Bank FX traders have an axiom "the harder the trade is to do the better the trade". This I learned from experience. When I needed to buy EURUSD and it was hard to get them, that’s when it’s necessary to pay up and get the business done. When it’s easy to get them, then sit back and wait for better levels. So if you are trying to get into a trade, or more importantly get out of a trade, don’t putz around for a few points - get your business done.
+
+29) Too Much Detail – If your trading more than 2 indicators then you need to clean house. Having many indicators stifles trading and finds reasons not to trade. A setup and a trigger is all you need.
+
+30) Giving Up Too Easy – Your first trade of the day may not be your best but certainly it’s no reason to quit. I have a preset daily trading limit and I use it. You can’t make money by making excuses. Getting trades wrong is natural and should be expected.
+
+31) Jumping the Gun – Don’t be penny wise and dollar foolish. Wait for your trade signal to be clear. Put on your trade and give it a decent size stop loss so that you don’t get knocked out by random noise.
+
+32) Afraid to Take a Loss - trading is not personal, it’s business. Don’t think that a poor trade is a reflection on you. It could be you're just ahead of your time or a commercial order hits the market and temporarily creates a small unexpected move. Again, place your stop beforehand and NEVER increase your pre-determined risk. If it’s going bad, it will probably get worse. I think that’s Newton's “body in motion tends to stay in motion...”
+
+33) Over-Relying on Risk Reward – There is zero advantage in risk reward. If you put a 20 point stop and a 60 point profit your chances are probably 3-1 that you will lose. Actually with the spread its more like 4 to 1 (from entry point if it goes down 17 points you lose, or up 63 - you win; 17/63 is close to 4-1).
+
+34) Trading for Wrong Reasons – Because the EURUSD is going up is not in itself a reason to buy. Buying EURUSD because it's not moving much is even worse. You’re paying the toll (spread) without even a hint that you will get a directional move. If you are bored, don’t trade; the reason you're bored is there is no trade to do in the first place.
+
+35) Rumors – Rumors are rumors almost 100% of the time. Think about where in the motion you heard the rumor. If EURUSD is up 50 points in last 15 minutes and the rumor is dollar negative, well - then you missed it. Whenever you in motion with the trade, determine where you are entering.
+           
+36) Trading Short-term Moving Average Crossovers – This is the money sucker of the century. When the shorter term moving average cross the longer term moving average, it only means that the average price in the short run is equal to the average price in the longer run. For the life of me, I cannot understand why this is bullish or bearish. Easy to set up on software, complete with lights, bells and whistles, and good for the seller getting thousands for the software but in terms of creating profit - it’s a zero.
+
+37) Stochastic – Another money sucker. Personally I think this indicator is used backwards. When it first signals an overdone condition, that’s when I think the big spike in the “overdone” currency pair occurs. To be overbought means strong and oversold means weak. Try buying on the first sign of overbought and selling on the first sign of oversold. You’ll be with the trend and likely have identified a move with plenty of juice left.
+
+38) Wrong Broker – A lot of FOREX brokers are horrible. Get a good one. Read forums and chats in several different places to get an unbiased opinion.
+
+39) Simulated Results – Watch out for “black box” systems. These are trading systems that don’t divulge how the trade signals are generated. Great majority of them are absolute garbage. They show you a track record of extraordinary results but think about it. If you could build a trading system with half a dozen filters using the benefit of hindsight, couldn’t you too come up with a great system. Of course going forward is an entirely different story. High- speed number crunching capabilities allows for building great hindsight trading systems, so BEWARE.
+
+40) Inconsistency – Every business (FOREX trading included) requires a business plan (trading plan). Unless you have taken the time to write down a set of rules that you can and will follow, it’s likely your trading will remain unfocused and directionless. Make a plan, have rules, follow them. Set goals that are realistic and you will achieve them.
+
+41) Master of None – Focus on one currency for technical trading. Each currency has a unique way of trading and unless you get intimate with it, you will never truly understand its underlying idiosyncrasies. Don’t spread yourself too thin – focus, master one currency at a time.
+
+42) Thinking Long Term – Don’t do it. Stay in the moment. Especially if you’re a day trader. It doesn’t matter what happens next week or next month. If you are trading with 30 to 50 point stops, restrict your thought process to what’s happening right now. That is not to stay the long-term trend is not important. It is to say the long-term trend will not always help you when your trading a significantly shorter time frame.
+
+43) Overconfidence – Trading is simple but not easy. Statistics show 95% failure rate of those attempting to become traders. If you're doing well, don’t take your success for granted. Always be on the lookout for ways to improve what you are already doing.
+
+44) Getting Pumped Up – The trick is to maintain an even keel. When you are in a trade, you want to think exactly as you would if you didn’t have a trade on. To do this requires a relaxed disposition. This is not a football game. Don’t get psyched up. Relax and try to enjoy it.
+
+45) Staying in the Game– I don’t recommend demo trading because traders learn bad habits when trading with play money. I also don’t think “letting it all hang out” right away is wise either. Start off doing trades and taking risk that is relatively small but still makes a difference to you if you win or lose. About a quarter to a third of what you expect to reach as your trading matures is reasonable.
+Maybe a nice reminder to not always ask or look into the opinions of other traders. Everyone has a different vision and approach on the markets and to be entangled in their believes could only make your experience worse - so be confident in your trading strategy. The psychological side you need to become a pro trader is extremely hard to acquire, so don’t ruin your mental and make it harder for yourself by constantly taking advice from others. It’s like having a never ending war in your head. It could cause confusion and make you doubt your decisions (especially if you’re new to trading).
+
+I’m not saying you shouldn’t, but be careful with the amount of information you’re extracting from your sources. And I also suggest that you rather learn from the information you use than to implement it and not fully understand it.
+
+What do you guys think about this? How do you work with trade ideas from your sources without it ruining your strategy?
+EDIT - thank you so much to everyone who responded, I can't believe how much of a response I've got. To clear a few things up, yes she was hired to be my assistant, I have to give her work loads and if I don't she doesn't have anything to do. This isn't London, much further North although not too sure if that helps. 
+
+My plan after reading every response is to go in tomorrow with the work I've achieved and request a pay review, however after reading this I think it's time to start looking elsewhere. I've been here 18 months so I think whatever the outcome tomorrow I'll start looking around and see what is out there. I don't expect to get far but we will see and hopefully I'll update in time depending on how I get on. Thank you again to everyone who responded! 
+
+
+Hello Ukpf, throwaway as personal. Also on 
+phone so hope it formats OK.
+
+I joined this company 18 months ago in an analyst type role. The wage offered was between 24-28k, I discussed this with them and said I'd be happy to take the 26 as I hadn't worked in the industry before, but would like to be given the chance to increase to 28k in 12 months if I was performing. 12 months later I had my review, but was told unfortunately the company offer no staff pay reviews, only an inflation increase. I didn't think it was fair but the original manager who interviewed me left so I sucked it up.
+
+Two months ago they put an advert out for my assistant offering 21k-27k, I queried this with my manager and said can't I apply for this and get 27k and take less work? He said the salary was only there to advertise the role and under no circumstance would they be on more than 24 as its an assistant role (answer phones, emails ect)
+
+I was gearing up for my quarterly review and preparing work I'd done, however wasn't going to mention pay as previously been told its a no go, however when giving my assistant a lift to a meeting last week blurted out she couldn't believe she was on 27k. My assistant who is only busy for a few hours a day with no stress is on more than me. Since then I've felt really disheartened about work and struggling to put effort in, the money isn't a huge difference but it just feels I'm not getting paid what I'm worth.
+
+Is it worth mentioning this in my review, or not? I know it's not a good idea to say X earns Y so I should earn Z, it just really sucks, or feels that way. If it helps, FTSE100 company with over 5000 employees
+
+Thanks, hope this reads OK!
+There's a lot of snake oil men out there right now hammering out YouTube adverts on how you can make millions from their one training course.
+
+I'm guessing they're doing this now because ads are cheap right now.
+
+Remember that there's no quick rich schemes and you definitely don't need to pay £1000 an hour to line their pockets from a webinar. 
+
+I prefer to not name any names because it will just give them free advertising.
+https://finance.yahoo.com/news/wework-ipo-sam-mcbride-154630023.html
+
+The co-working space startup revealed a $900 million loss in the first half of 2019 in its initial public offering filing earlier this month, up 25% from the year prior. The widening loss left some analysts bearish on the company, but Sam McBride of New Constructs Investment Analyst went as far as to call WeWork the “most ridiculous IPO of 2019” in his latest note.
+
+WeWork is reportedly looking to raise $3.5 billion, which would make it the second-largest IPO of 2019 behind Uber (UBER). It also has a reported $47 billion valuation, which McBride contends it achieved by positioning itself as a tech company rather than a brick-and-mortar leasing business.
+
+While WeWork might argue that its corporate customers would consider its co-working spaces to be an inexpensive option during a downtown, McBride thinks that won’t be the case. As companies face economic headwinds, he noted, they typically lay off workers and reduce their office space.
+Since we are from all over the world, I want to know how much you need to actually change your life?
+
+I'm from the most expensive city on earth, Zurich Switzerland. I need at least half a million swiss Francs (600k USD) to buy a house with 20% down.
+Median house price in Zurich is 3.2 million.
+
+Really life changing for me would be 1+ million.
+So I've bought in LRC token recently and I'm new to the crypto scene about 6 months in at this point. But my genx brain still can't comprehend the whole NFT thing. My reasoning for buying into LRC was a potential announcement of a partnership with GameStop. I have in a week tripled my investment but I'm now starting to think about the rug pull that you folks talk about. I guess my question is would and established company like Loopring do something like that? And also if LR and GameStop actually are able to apply nft technology to gaming would this not be a great long term hold?
+Google ‘unclaimed property state name’
+
+Just as a general heads up—most states have an unclaimed property website where you can search your name (and common misspellings of your name) and claim any outstanding checks that have been made out to you. 
+
+If you have moved around a lot, you likely have some random money that never got forwarded to you. Cheers!
+
+[Texas](https://claimittexas.org/)
+[Illinois ](https://icash.illinoistreasurer.gov/)
+[California ](https://ucpi.sco.ca.gov/UCP/Default.aspx)
+
+Edit: As per u/ennsy below resources for Canadians
+
+[Canadian bank accounts](https://www.bankofcanada.ca/unclaimed-balances/) 
+
+[Canadian other unclaimed ](http://legacytracker.com/) 
+Link to original post: https://www.reddit.com/r/personalfinance/comments/l8n4so/should_i_tell_cc_company_to_deny_payment_to_att/
+
+I updated the original thread but I felt this was worth another post, in case it helps anyone else.
+
+The BBB was awesome. After almost 3 months of AT&T giving me the runaround and telling me basically where I could stick it, 20 minutes making a complaint to the BBB solved it. I submitted my complaint Sunday evening, Monday afternoon I had 2 people from the AT&T Presidents office call me apologizing profusely and assuring me the promoton will be shown on my next billing statement, as agreed upon by the original store. 
+
+Moral of the story - I had no idea the BBB was so effective. Thanks to this forum for all the help, you beautiful people saved me $1,000. 
+
+Thanks everyone!!!
+I've looked on several websites, and they all say some version of "the difference between cash flow vs. profit is...." and then just read the definitions for each. They don't really describe the difference, only the two very similar sounding definitions. I am looking for an actual example of how this difference could play out.
+
+For example, I understand that if a struggling company takes on new debt, they could be cash flow positive (cash from the loan) but still have negative profit. But I can't think of how a business could be profitable but have negative cash flow – because wouldn't that also mean they're really not profitable?
+Think about it. This guy turned a dying company into a fast-growing, customer-loving e-commerce business. Now he's gonna do it with his favorite company as a boy and one that has the MOASS built into it.  
+
+He is 35... Tycoon. Will be known by every house like Elon.
+Place would have increased my income by 50%, basically putting my household FIRMLY in the middle class bracket and improving my standard of living. Just tired of struggling, but I wonder why I had to do an IQ test...is this common for higher income jobs?
+Monero's richlist - Top 100 Richest Monero Addresses
+
+Top 100  Richest Monero Addresses
+
+​
+
+|**Address**|**Balance**|**% of coins**|
+|:-|:-|:-|
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+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+|?|? XMR|?%|
+This bear has been TOUGH! After surviving a few of these, the patterns of big bull runs are met with inverse big Bear beatdowns are becoming more familiar to me. Who is to stay when we find bottom, but remain hopeful. I hear a large herd coming on the horizon and it's going to be BIG!
+ 
+Let's look at the facts:
+
+ Goldman Sach's Circle bought Poloniex
+
+Plasma scaling is MONTHS away 
+
+CNBC is basically non-stop crypto channel when markets are moving
+
+We were on JOHN FRIGGIN OLIVER!
+
+Government acceptance is not quite wide yet, but many high ranking politicians are showing up as allies for our crazy markets
+
+I noticed our last bear market, bullish news did not have much effect on price. All these positive indicators seem to coil up until the time is right springing us forward.
+
+
+We are transitioning from a bunch of nerds contributing their video game money every month to becoming a traditional asset class. Tread lightly and don't overinvest yourself.
+I asked someone earlier and they said zkSNARKS is superior to Monero's privacy tech which is just an advanced form of mixing.
+
+People reading this who care about privacy: What coin do you think is going to be the #1 if privacy is the highest concern? Eth, ZCash, Monero, Dash? Another?
+
+I'm hoping to get some degree of technical insight but all opinions are welcome...
+
+edit: PIVX is another privacy coin to add for consideration
+Literally every move is make is wrong. I can guarantee this is the top because I just bought a call and TSLA will flatten or fall. Never fails. Big FOMO, little PP boy here.
+There has been months since the BoE started raising rates. The savings rate on my Barclays is 0.1% per annum.
+
+Currently BoE rate is 1.75%. Does this mean that Barclays is stealing 1.65% from me? :) 
+
+Wondering whether anyone had had their banks raise savings rates yet.
+LATEST UPDATE: I'm in the process of finding a new lawyer. I called back to the notaire I've been using this hole time. After a breif argument about the inheritance tax, where he firmly stated I should pay 60% and me arguing for 55%, we both agreed I should pay 55%. Apparently, he never understood that my cousin and I... are cousins. It just slipped his mind I guess...
+He also said that I don't have to ask about postponing the taxes that are due in october (6 months after my cousin passed away) because; the french government won't care about me not paying until I get the house sold. That sounds reassuring but according to the comments in this thread and from what I've gathered on the internet I will have to pay a small "fine" for delaying the process. He never mentioned the fine for not paying on time.
+
+I'd like to take this opportunity to again, thank everyone posting in this thread. I really would have been left and in the dark, had it not been for you guys! The thread is locked now, appparently, but I might keep making updates here should I ever feel the need to do so.
+
+As the title reads; I'm about to inherit a villa in France from a deceased relative.
+
+The problem with this is the 60% inheritence tax they currently have in France. I spoke to a broker in France who told me; Once the house has been valued, I will have to pay 60% of the total value of the house BEFORE I even get the house on the market to sell it.
+
+Houses in that area are valued at about 400,000 - 1,200,000 €. Keeping in mind that I'd have to put up 60% of the value, I'd have to take out a bank loan. Wich, in current state, would be impossible since I'm studying.
+
+My question to you guys is this; Do you think the banks in France are willing to hand out a loan to a foreigner to pay for inheritance taxes? If not, then this stupid inheritance tax is gonna make me go bankrupt.
+
+I'm sorry for my poor English, it's not my native language. Also, it's getting pretty late here, so I might not respond tonight, but I'll make sure to reply tomorrow should I fall asleep now. Thanks all in advance!
+
+EDIT 1: I'm touched guys. You've all been great. The advice you all have provided, truly has been golden! Words can not describe my appreciation!
+
+EDIT 2: I feel blessed people. The help has been enormous. I'm gonna head to bed now. I'm taking the notes I've scribbled down with me. I'm getting ahead of the situation before it runs me over, and it's all because of you guys. Seriously, I can't even begin to thank you all! I'll answer any post in the morning once I'm done with all the phone calls! :)
+
+EDIT 3: Wow, this blew up over night! I'll try to answer each and everyone of you but right now I'm gonna focus on a few mayor points that have been pointed out to me; Lawyer up, and get a tax advicer. I'll be calling the Swedish embassy in France to see whether they can help me with these things or not. I feel blessed about the fact that you're all taking this time to post and try and help me out. Faith in humanity = restored.
+
+UPDATE 1: Alot of you people have been telling me that I have 6 months before the taxes needs to be payed. However, the notaire, or personal clerk, waited roughly 5 months before meeting with me. At no point did he tell me I had to pay the taxes back within that time frame. I got that information (the 6 months part) from a swedish real estate agent, who, last I spoke to him, told me that this sale is going to take atleast another six months. So I'm looking at roughly 1 year (since my cousin died) to be done with this.
+
+I also need to get the procentage right, whether it's 55% as many of you have stated, or 60% wich the clerk told me. But that will be sorted out once I've lawyered up.
+
+I really should have had a lawyer from the start. I got sidetracked when the clerk, notaire, told me he'd fix everything. At the end of the day, all I got was the will.
+Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. 
+
+NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn
+
+**Downvotes are discouraged. Be friendly.**
+
+**Use $SYMBOL FORMAT**  ($BB or $[BB.TO](https://BB.TO))
+Lite Access Technologies (LTE.V and LTCCF on the OTC) has been mentioned occasionally on this subreddit in the past.([https://www.reddit.com/r/Canadapennystocks/comments/lh5pjv/lite\_access\_technologies\_ltev/](https://www.reddit.com/r/Canadapennystocks/comments/lh5pjv/lite_access_technologies_ltev/))
+
+Here are some financial highlights that I could grab from their most recent ER:
+
+* Total Q3 2021 revenue of $1,621,794, which is an increase of **57%** compared to their $699,896 from Q3 2020.
+* Total revenue also increased **252%** to $5,647,081 for the nine months ended June 30, 2021 from $1,605,226 for the nine months ended June 30, 2020;
+* EBITDA improved to $(1,441,164) for the nine months ended June 30, 2021 from $(1,787,324) for the nine months ended June 30, 2020.
+* Operating expenses **went down to 49%** of the revenue **from 145%** for the same period of last year resulted from the synergy saving and cost cutting initiatives executed this year.
+
+**UPCOMING CONTRACTS**
+
+​
+
+* The **Brooks, Alberta** proposal that was mentioned almost 6 months ago has now been revalued at **more than $21 million**. Unfortunately, it is still pending, mostly due to the nature of its business, with delays due to permitting, Council approvals, contract negotiations, sometimes funding given that they are large infrastructure projects etc. 
+* In the Fall of 2020, a region in **southeastern British Columbia** issued an RFP for the provision of project management and construction services, utilizing both aerial and underground fibre construction methodologies, to deploy fibre optic cable.  Lite Access was successful in the RFP process with its proposal of approximately **$800,000** for the services, the terms of which have been finalized in a signed contract.  Construction for the project has started in August and expected to be completed by **the end of fiscal 2021.**
+* Lite Access was awarded a project to supply and install fiber optic cable in the **City of Prince George**. The three-phase project has a total contract value of approximately **$1.5 million**. During the first three quarters, the Company completed phase 1 and phase 2 of the project with a total value of approximately $1.4 million.  Phase 3 is expected to finish **fiscal 2022**
+
+Lite Access is saving tons on costs of operation through their acquisition of AMEC. They were able to bounce back from last year's problems with their contracts in the UK. With only a **market cap of $10.9 million**, they have amazing growth over each quarter and constantly look for bids and opportunities to get bigger contracts. I can't wait to see what other things they have in store for us in the near future.
+
+**RISKS**
+
+Some would say that the winter is going to be the dead season for fiber optic because they can't cut the ground during winter. However, they can still acquire contracts during this season and get ready to dig in once March comes in.
+
+**CONCLUSION + POSITION**
+
+All in all, I think this company will see a ton of growth in the long term (5+ years) and could very well be a 4-5x. Nonetheless, this ER is a great catalyst for the short term.
+
+42202 @ 0.1904.
+
+**Price target : $0.40 by EOY**
+
+**Source :** [**https://www.newswire.ca/news-releases/lite-access-technologies-reports-q3-2021-financial-results-revenues-up-57-over-q3-2020-845276958.html**](https://www.newswire.ca/news-releases/lite-access-technologies-reports-q3-2021-financial-results-revenues-up-57-over-q3-2020-845276958.html)
+Calculator is here:
+
+https://rateseeker.com.au/calculators/rent-vs-buy-calculator/
+
+Obviously it's in their interest to encourage people to take out large loans, but the calculator is clearly broken. Consider these two scenarios just to illustrate how broken this is:
+
+**Scenario 1**
+
+- I pay $1K a month in rent today
+- I can buy an equivalent property for $1M
+- I have $100K saved
+
+*Calculator result: I am better off renting by $1M after 30 years*
+
+**Scenario 2**
+
+
+- I pay **$1** a month in rent today
+- I can buy an equivalent property for **$10M**
+- I have $100K saved
+
+*Calculator conclusion: I am better off* **buying** *by $4M*
+
+Now, **obviously** if I can rent a $10M house for $12 a year then I am better off renting in the long term, but this calculator would suggest that the **worse** the ratio of buy/rent prices the better off you are buying. The higher the purchase price, the better it is for you to take a big loan from rateseeker.com.au.
+
+I am honestly not sure if this is deliberate or just incompetence. It's obvious where and how the calculator is broken to be giving these kinds of incorrect answers, but it's really not ok to have this as the first google result for 'rent buy calculator Australia'. How many people have been completely misled? If you enter less extreme examples above then the fact that it is entirely broken becomes less obvious.
+
+Any idea where I can report it?
+
+
+
+for reference, the other variables that stay the same in the two scenarios above: Savings rate of return 8%; rent increase 2%; upfront cost $30K; ongoing cost $15K; home appreciation 2.5%; loan term 30years; interest rate 3%
+
+**edit:** a commenter below has noticed that the assumptions say "This calculator does not take into account the tax implications of buying and renting a property and **return on any savings or investment**". Which means they are aware of how misleading this is. Not taking into account "savings or investment" is the equivalent of saying **"in the rent scenario, we are assuming that the money you save by not making mortgage repayments is being kept under your mattress for 30 years".**
+Alright you smarmy mafks. This is still a psychological game. And I don’t have a psych PhD but I can usually tell what someone is thinking in the first few seconds of an interaction. Call that life. You're ngmi if you can’t read anything. And I don’t mean books.
+
+I'm seeing a lot of “glitches” creeping back up. You know what that means? It means were on the right track, because mafks with glitch like that definitely are not OFF the fuckery. Mafks with glitches like that are definitely ON the fuckery bro. (is no one getting these trailer park boys references?)
+
+Anyway, you keep sitting around seeing people in the sub saying ohhhh it’s just a glitch.
+
+[Lol](https://preview.redd.it/e07g853zxl581.png?width=242&format=png&auto=webp&s=10820f7e3768a05509c17e2f42b29c3d53fd3e74)
+
+The same way all the OTC stocks are glitches, right? Because that is definitely the case.
+
+https://preview.redd.it/gb31cib1yl581.jpg?width=1440&format=pjpg&auto=webp&s=5d6f3f33fc9eb7745abec542be7c9400ee5fab14
+
+People seem to have forgotten that there aren’t “glitches” or “bugs” in the system. This has been the crux of everything. Every time there is weird price movement. Someone is lying to you. Do you really think that the most liquid market in the world, SWIFT payment system, and FEDWIRE, advanced cryp-t0 are built with Feature Matinee glitches? No you fucking meat popsicle! There is a reason why someone needs something to reflect what we see. Usually, it’s due to a capital requirement ([Here](https://www.investopedia.com/terms/c/capitalrequirement.asp)). Notice that says “bank” and not “hedge fund”. Do you know why yet? Because the banks are the ones in trouble. They have been loaning to hedgefunds, small fish, and meatballs on single digit percent margin for AT LEAST 12 years (if not the duration of their industry since billionaires have been creating synthetic ETFs and derivatives). [Here](https://sipa.columbia.edu/sites/default/files/embedded-media/FIR_v29%20%281%29.pdf)
+
+You want to know why I don’t like options being pushed here by people pretending they’re helping you? Because they are selling covered calls. They are telling you there will be an announcement today. They are telling you to buy deep OTM calls and leaps. They are telling you it isn’t today, it’s tomorrow. They aren’t doing you any favors, they are increasing their own client base. Just like yesterday, some meatball posted “bUy NeAR/aT thE moNEy oPtioNssS”. Fuck outta here with your furry fetish. RC and DFV are the only ones who tried to tell you what was up. Not some cucumber ripoff.
+
+They're getting bolder and more desperate every day.
+
+https://preview.redd.it/unea2lonyl581.png?width=488&format=png&auto=webp&s=4e5724c50ea38256cd4b7ef7f93b7b24fdc5c93d
+
+Here is how selling a covered call works:
+
+1. I have 100 shares
+2. I sell a contract to you for x$ on the premise that you *may* buy the 100 shares at the strike price
+3. Price tanks
+4. Why would you exercise OTM? Shouldn’t be gambling
+
+You are being played. I get to keep the capital, you get to buy another call and give me more premium. They're called FD’s for a reason.
+
+Anyway, why do you think you have leverage? Because you *could* exercise them? They can *reasonably assume* they can find the shares in the next 5 years and you are “credited” your 100.
+
+You know who actually has the leverage? The bank. Because you as a retail investor want to call and ask about options. They will say something like “ohhh we need you to open a margin account, you cant trade level 2 without them”. Ok what’s margin?. [Here](https://www.investopedia.com/terms/m/margin.asp)
+
+“Credit Risk”. “Collateral”. They aren’t gifting you money. It is a loan. A loan to the bank is an asset for them. A share in cash is a liability for them. The banks and brokers want you on margin because they can also loan your shares out on margin. They’re going to give you margin, do you know why? Because like a used car dealers 60-year-old wife who wants a boob job; good credit, bad credit, no problem! They want your collateral and to be able to liquidate you at their behest. THEY FUCKING NEED GME SHARES! BANKSHEDGIESBROKERSRFUK! Anyway, do whatever you want, but this is how it works.
+
+So, back to the “glitches” we keep seeing. These are spikes. These are capital requirements being met. The clearing houses don’t give a fuck where it is coming from. They just need to see that they have 60 BTC and it is worth $1T each.
+
+https://preview.redd.it/gwxfy3ezyl581.png?width=382&format=png&auto=webp&s=f996debeec5e1fda276c8fa7268dbf63abae10c0
+
+Why? Because in Jan, these MMs and brokers wrote so many naked calls through their algorithm that each of their collateral brokers is absolutely FUCKED. This will, in fact, collapse the system if retail doesn’t sell to help close their positions.
+
+Again, these aren’t glitches. They are purposeful. Why do you think you can't sell anything through cryp2? Doesn’t PSevendeuce own CB? Just be smarter than the suit dummies. They aren’t your friends. Trust no one. Even me. I don’t care what you do. I am just trying to lay out the situation as it is. I have a vested interest in GME. I like the stonk. But just remember. Capital requirements are there to prevent defaults. As long as the numbers are on a page, they pass. No one gives a shit how they got there. As long as you keep working and they can settle their Fixed Income futures. Cheers frens. Stay warm, it’s fucking cold outside.
+
+References:
+
+[https://www.investopedia.com/terms/c/capitalrequirement.asp](https://www.investopedia.com/terms/c/capitalrequirement.asp)
+
+[https://sipa.columbia.edu/sites/default/files/embedded-media/FIR\_v29%20%281%29.pdf](https://sipa.columbia.edu/sites/default/files/embedded-media/FIR_v29%20%281%29.pdf)
+
+[https://www.investopedia.com/terms/m/margin.asp](https://www.investopedia.com/terms/m/margin.asp)
+
+​
+
+EDIT: Thanks everyone for coming out. It is extremely telling that everyone has heros here, when this was about individual investors. There are explicit subs for options, try options or options millionaires. This sub learned a very long time ago margin and brokerage accounts allow for shares to be lent. If you havent caught that yet, unfortunately you need to do some more research. But please, do whatever the fuck you want.
+Alright you smarmy mafks. This is still a psychological game. And I don’t have a psych PhD but I can usually tell what someone is thinking in the first few seconds of an interaction. Call that life. You're ngmi if you can’t read anything. And I don’t mean books.
+
+I'm seeing a lot of “glitches” creeping back up. You know what that means? It means were on the right track, because mafks with glitch like that definitely are not OFF the fuckery. Mafks with glitches like that are definitely ON the fuckery bro. (is no one getting these trailer park boys references?)
+
+Anyway, you keep sitting around seeing people in the sub saying ohhhh it’s just a glitch.
+
+[Lol](https://preview.redd.it/e07g853zxl581.png?width=242&format=png&auto=webp&s=10820f7e3768a05509c17e2f42b29c3d53fd3e74)
+
+The same way all the OTC stocks are glitches, right? Because that is definitely the case.
+
+https://preview.redd.it/gb31cib1yl581.jpg?width=1440&format=pjpg&auto=webp&s=5d6f3f33fc9eb7745abec542be7c9400ee5fab14
+
+People seem to have forgotten that there aren’t “glitches” or “bugs” in the system. This has been the crux of everything. Every time there is weird price movement. Someone is lying to you. Do you really think that the most liquid market in the world, SWIFT payment system, and FEDWIRE, advanced cryp-t0 are built with Feature Matinee glitches? No you fucking meat popsicle! There is a reason why someone needs something to reflect what we see. Usually, it’s due to a capital requirement ([Here](https://www.investopedia.com/terms/c/capitalrequirement.asp)). Notice that says “bank” and not “hedge fund”. Do you know why yet? Because the banks are the ones in trouble. They have been loaning to hedgefunds, small fish, and meatballs on single digit percent margin for AT LEAST 12 years (if not the duration of their industry since billionaires have been creating synthetic ETFs and derivatives). [Here](https://sipa.columbia.edu/sites/default/files/embedded-media/FIR_v29%20%281%29.pdf)
+
+You want to know why I don’t like options being pushed here by people pretending they’re helping you? Because they are selling covered calls. They are telling you there will be an announcement today. They are telling you to buy deep OTM calls and leaps. They are telling you it isn’t today, it’s tomorrow. They aren’t doing you any favors, they are increasing their own client base. Just like yesterday, some meatball posted “bUy NeAR/aT thE moNEy oPtioNssS”. Fuck outta here with your furry fetish. RC and DFV are the only ones who tried to tell you what was up. Not some cucumber ripoff.
+
+They're getting bolder and more desperate every day.
+
+https://preview.redd.it/unea2lonyl581.png?width=488&format=png&auto=webp&s=4e5724c50ea38256cd4b7ef7f93b7b24fdc5c93d
+
+Here is how selling a covered call works:
+
+1. I have 100 shares
+2. I sell a contract to you for x$ on the premise that you *may* buy the 100 shares at the strike price
+3. Price tanks
+4. Why would you exercise OTM? Shouldn’t be gambling
+
+You are being played. I get to keep the capital, you get to buy another call and give me more premium. They're called FD’s for a reason.
+
+Anyway, why do you think you have leverage? Because you *could* exercise them? They can *reasonably assume* they can find the shares in the next 5 years and you are “credited” your 100.
+
+You know who actually has the leverage? The bank. Because you as a retail investor want to call and ask about options. They will say something like “ohhh we need you to open a margin account, you cant trade level 2 without them”. Ok what’s margin?. [Here](https://www.investopedia.com/terms/m/margin.asp)
+
+“Credit Risk”. “Collateral”. They aren’t gifting you money. It is a loan. A loan to the bank is an asset for them. A share in cash is a liability for them. The banks and brokers want you on margin because they can also loan your shares out on margin. They’re going to give you margin, do you know why? Because like a used car dealers 60-year-old wife who wants a boob job; good credit, bad credit, no problem! They want your collateral and to be able to liquidate you at their behest. THEY FUCKING NEED GME SHARES! BANKSHEDGIESBROKERSRFUK! Anyway, do whatever you want, but this is how it works.
+
+So, back to the “glitches” we keep seeing. These are spikes. These are capital requirements being met. The clearing houses don’t give a fuck where it is coming from. They just need to see that they have 60 BTC and it is worth $1T each.
+
+https://preview.redd.it/gwxfy3ezyl581.png?width=382&format=png&auto=webp&s=f996debeec5e1fda276c8fa7268dbf63abae10c0
+
+Why? Because in Jan, these MMs and brokers wrote so many naked calls through their algorithm that each of their collateral brokers is absolutely FUCKED. This will, in fact, collapse the system if retail doesn’t sell to help close their positions.
+
+Again, these aren’t glitches. They are purposeful. Why do you think you can't sell anything through cryp2? Doesn’t PSevendeuce own CB? Just be smarter than the suit dummies. They aren’t your friends. Trust no one. Even me. I don’t care what you do. I am just trying to lay out the situation as it is. I have a vested interest in GME. I like the stonk. But just remember. Capital requirements are there to prevent defaults. As long as the numbers are on a page, they pass. No one gives a shit how they got there. As long as you keep working and they can settle their Fixed Income futures. Cheers frens. Stay warm, it’s fucking cold outside.
+
+References:
+
+[https://www.investopedia.com/terms/c/capitalrequirement.asp](https://www.investopedia.com/terms/c/capitalrequirement.asp)
+
+[https://sipa.columbia.edu/sites/default/files/embedded-media/FIR\_v29%20%281%29.pdf](https://sipa.columbia.edu/sites/default/files/embedded-media/FIR_v29%20%281%29.pdf)
+
+[https://www.investopedia.com/terms/m/margin.asp](https://www.investopedia.com/terms/m/margin.asp)
+
+​
+
+EDIT: Thanks everyone for coming out. It is extremely telling that everyone has heros here, when this was about individual investors. There are explicit subs for options, try options or options millionaires. This sub learned a very long time ago margin and brokerage accounts allow for shares to be lent. If you havent caught that yet, unfortunately you need to do some more research. But please, do whatever the fuck you want.
+Obviously, there is a lot of learning, testing, and working... and not just one single resource. But those who are doing well, what resources would you recommend to get started?
+Obviously, need to keep this a bit vague. But I have a company with a handful of innovative products, some ready for commercialization and some in mid to late R&D stage. Over the last few months, we've had some convos with a publicly traded company (w/ a market cap in the billions) who is in the same field and has an interest in our niche area as it is complementary to some of its current core focuses. At this point, we've spoken to about a dozen or more of the company's execs / managers / etc, all of whom were looking to understand us, our products, vetting it out, etc. Earlier today, our contact informed us that the company intends to put forth a term sheet soon outlining consideration for the following:
+
+(a) a worldwide exclusive license agreement for our products ready for widespread commercialization;
+
+(b) exclusive rights to improvements and further developments for the products in "(a)"
+
+(c) a right of first refusal for our products in R\&D; and
+
+(d) co-promotion of the licensed products.
+
+And potentially other items.
+
+Bottom line, I'm completely out of my wheelhouse here. No prior M&A / major licensing deal experience. No one on our team has experience either and I'm not sure I trust our corporate attorney with a transaction as meaningful as this. Looking at the public company's (and its competitor's) 10-Q's, they have given exclusive licensing deals in the past with upfront non-refundable fees in the single digit to tens of millions and milestone payments in the dozens to hundreds of millions. Its very unclear right now how this company views us, but clearly, it would be a worthwhile investment to have an incredible savvy professional representing our interests and negotiating the best numbers possible.
+
+1. **What kind of people do I need to quickly put together on a team to evaluate the opportunity here?** I gather from a recent thread that perhaps a banker + M&A attorney are two key individuals, although is a banker necessary when we're on the verge of getting a term sheet? That said, perhaps there is value in a banker quickly vetting out other potential opportunities? Who else? How do these people typically get paid? Hourly or percentage of deal size, and upfront or upon closing of deal?
+2. **Any general advice for entering a negotiation or situation like this?**
+3. **For those that have done similar deals, what provisions did you fight for beyond the typical?** My thought is that, for example, if they want us to co-promote, then our company should receive a very healthy hourly consulting fee. If they have an interest in us continuing to improve the existing products, there should be some sort of milestone payments for that (or alternatively, a R&D budget). Also, we'd likely push for guaranteed minimum yearly unit sales to make sure they don't sit on the license and to incentivize them to push the product out via their channels.
+
+Thanks very much. I really appreciate this group's expertise!
+Over the last couple of weeks, there have been dozens of posts deliberating whether or not to sell growth/tech stocks that have been dropping recently and switch over to "re-opening" or value plays. The key take away here has to be this:
+
+If a 10% drop in a stock makes you wonder whether or not you should sell that stock, you should have never bought that stock in the first place.
+
+Contrary to popular belief, stocks do not always go up. In fact, most stocks fail to beat the market in the long-term, with few exceptions. Buffet makes this clear. A good stock is not considered good just because it may do well in the next year, or because it has shown growth in the past. It is only a good buy if it has value beyond a short-term horizon, and most importantly, IF YOU BUY AT THE RIGHT PRICE. If you had bought GE at its peak, a company that is invested in all aspects of life and won't ever disappear, you would be down nearly 75%. Why is this? Is GE a bad company, with bad products, or a shrinking customer base? No, you would have just bought in at a price that was unjustifiable. 
+
+Think of this scenario, you are the owner of a snack shop. Summer is coming up, so you decide to invest in significant inventory of ice cream. After all, people will purchase frozen desserts in the hot summer days, right? This can't possibly bad investment. So you go to your supplier, and he offers you a price of $100 per pint of ice-cream. What would you do? Would you buy just because ice-cream is guaranteed to sell in the future? No, not unless customers were willing to pay more than $100 per pint.
+
+Conversely, your next-door competitor decides to invest in inventory of hot chocolate. This is ridiculous to you, who would buy hot chocolate in the summer? However, your neighbor buys in at $0.10 per cup of hot chocolate for his supply. Once summer is over, you sell out of your inventory, but at a loss because no one is willing to buy ice cream at more than $10 a pint. Then winter comes, and guess who profits more?
+
+The point here is that being right about a trend is not enough if the price you buy in at is not the right one. If your belief in a stock is rattled because it drops a little bit, you did not believe in the price in the first place. If this scares you enough, you are better off sticking to index funds and filtering out the noise. There is nothing wrong with that, picking stocks is hard, and there is no guarantee that you will come out on top. 
+
+My two cents is this: lumping tech into one single asset class is absurd, and calling companies like Amazon and Microsoft "growth" stocks is disingenuous if you lump in Palantir and Tesla in that same category. The market right now is doing just that, however, in the sense that high-PE growth stocks like Tesla are dropping alongside with Apple. In my opinion, all this is doing in the long-run is that you are buying tried-and-true blue chips at a discount. 
+
+Kohl's is not going to be larger in 10 years than it is now, and its price now does not make it a good buy.  Conversely, just because Tesla will be huge in the future does not mean that buying it at a PE of 1000+ is a wise investment. Re-opening plays are just market chatter. Cruise lines have tremendous debt, banks are tied to risky-credit loans and government regulation, and oil companies are at the mercy of an overseas oil cartel. Just because they are outperforming now, does not mean they will be a good buy if the current price does not reflect their value in the long-term.
+
+Buy into valuable companies (future growth, good price) at a discount, ignore short-term market sentiment, and invest in index funds if you do not feel strong enough convictions in your stock picks.
+MindMed is a psychedelic medicine biotech company that studies how shrooms, LSD, and even MDMA and DMT can help treat depression. Honestly, I already confirmed their studies to be true in college.
+
+Anyways, MindMed has been trading OTC in like Canada's market or something (I guess there are companies that exist outside the USA) so only brokers that allow OTC trading let you buy it. As of today though not anymore!
+
+They announced that they will begin trading on the Nasdaq on Tuesday, April 27, 2021 under the symbol: MNMD.
+
+Reasons I invested:
+
+1 To get in before Nasdaq listing (not too late to do so)
+
+2 Always saw the psychedelic market to be the next drug market to boom (It still is relatively new market, more research and potential catalyst in the future)
+
+3 I believe in the research (our generation is like number 1 in rising depression cases and most treatment for depression sucks. This research can be revolutionary for depressed apes that Yolo'd too many FDs or actual depressed apes that aren't retards.\[Edit: Other mental health issues they are studying to treat are; anxiety, addiction and ADHD\])
+
+4 Kevin O'leary AKA Mr. Wonderful is invested in it (I usually don't buy into celebrity endorsements but Mr. Wonderful believes in the company and he doesn't invest in something he would lose money in. Also he did mention MindMed to Cathie Wood in a four panel interview on CNBC a week or two ago. So possible Cathie Wood interest after listing)
+
+5 Nasdaq listing allows more money to flow in (after April 27 robinhood retards can throw YOLO money into it)
+
+6 I like the Stock
+
+The only disclaimer is that I am not a financial advisor and this would've been a YOLO post if I didn't lose so much money on stupid PLTR calls
+
+Mods plz this is my first legit post here ever
+
+edited a lil more info
+
+Edit2: So there are people getting banned for mentioning the OTC ticker because its not 1b market cap. But it def is over 1b, sitting at 1.1b rn on Yahoo. Hopefully mods can see this and remove MindMed from the banhammer list and hopefully unban accounts that are trying to help people about the stock thx
+
+Some of you may have seen certain posts floating around telling everyone the price needs to stay above $40 etc, it’s FUD. I’m not even going to link them, but first obvious sign it’s FUD, is that it’s basically word for word being reposted by multiple account. Basically the claim is; GME needs to finish above $40 otherwise Melvin can cover their positions as they have puts with $40 strike price. This is incorrect. Puts cannot and are not used to cover shorts, so none of this makes sense. The price can go below $40 and NOTHING changes, so it's not doom and gloom if it goes that low. 
+#The post throws around the words puts and shorts as if they are interchangeable terms, they are two different things. 
+
+Puts are options, and have an expiration date which you CAN let expire with no costs beyond the amount you originally paid to purchase those contracts (premiums). Example, if the contract expires 02/19/21, you can let it expire at no cost beyond what you have paid to purchase that option. A short means you have a contractual obligation, eg you HAVE to buy the share back at some point to give back to the broker. A put is simply a contract stating you CAN sell a share at X price. 
+Eg you buy a Put contract with a strike price of $50, you pay a small amount for that contract, then if the price goes down to say $30 you would buy the stock and exercise your put contract so you can sell it at $50 essentially making $20. But if the price doesn't go down lets say it actually goes up to $70 and the expiration date on the contract is the 02/19/21 when that date rolls around you can do nothing, let the contract expire and simply lose the little amount you paid for the contract. 
+
+#SHORT STOCK DOESN'T HAVE AN EXPIRATION DATE 
+
+Hedgefund whales are spreading disinfo saying Friday is make-or-break for $GME. Call options expiring ITM on Friday will drive the price up if levels are maintained, but *may not trigger the short squeeze*.  Or even talking about puts. 
+
+It may be Friday, but it could be next week that we see the real squeeze. 
+
+#DON'T PANIC IF THE SQUEEZE DOESN'T HAPPEN SOON. 
+
+It's not guaranteed to. The only thing that is *guaranteed* mathematically is that the shorts *will have to cover* at *some* point in the future. They are trying to get enough people hooked on the **false expectation** of Friday so that if/when it doesn't happen, enough will sell out of panic/despair. **DON'T BE THAT PERSON.** 
+
+#WE LIKE THE STOCK 
+
+#KEEP HOLDING UNTIL THEY FEEL THE PAIN, WHETHER THAT'S FRIDAY OR NEXT WEEK. EVEN MONTHS. THEY WILL HAVE TO COVER.
+
+Credit: u/Hamisgoodforyou and u/MCicero
+Not financial advice
+.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　\*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 
+
+.　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. 
+
+,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 
+
+　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 　　　　 　　,　　　 ‍ ‍ ‍ �� 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　  　　    　　　　　 　　　　　.　　　　　　　　　　　　　.　　　　　　　　　　　　　　　\* 　　   　　　　　 ✦ 　　　　　　　         　        　　　　 　　 　　　　　　　 　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 
+
+˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　 　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　\* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　\*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　.
+Hi All, 
+
+I'm trying to find a value for the intrinsic value of Alphabet Inc Class A (using a DCF model), I've seen multiple websites state values which are vastly different: 
+
+[https://www.gurufocus.com/term/iv\_dcf/NAS:GOOG/Intrinsic-Value:-DCF-(FCF-Based)/Alphabet(Google)](https://www.gurufocus.com/term/iv_dcf/NAS:GOOG/Intrinsic-Value:-DCF-(FCF-Based)/Alphabet(Google)) 
+
+\- $3186 
+
+[https://finance.yahoo.com/news/intrinsic-calculation-alphabet-inc-nasdaq-075248296.html](https://finance.yahoo.com/news/intrinsic-calculation-alphabet-inc-nasdaq-075248296.html) 
+
+\- $3111
+
+[https://www.alphaspread.com/security/nasdaq/goog/summary](https://www.alphaspread.com/security/nasdaq/goog/summary)
+
+\- $2537 
+
+[https://site.financialmodelingprep.com/discounted-cash-flow-model-levered/GOOG](https://site.financialmodelingprep.com/discounted-cash-flow-model-levered/GOOG)
+
+\- $3784
+
+Which website is most respected and or used by personal investors to calculate intrinsic value? 
+
+Bonus: are there any other or better models used to give a projected value of what a share is truly worth (intrinsic value)?   
+
+Thanks in advance x
+A lot of the companies I am vetting have seen their FCF numbers drop because of an alarming rise in inventories - both finished goods and WIP. This is across industries. Here are a few examples (days inventory)  
+
+
+$LRCX: 118 in '19 to 130 in '22.  
+$SWK:  88 in '19 to 168 in '22.   
+$LOW: 90 in '19 to 105 TTM.   
+$GRMN: 144 in '19 to 207 TTM.   
+$CMI: 70 in '19 to 86 TTM.   
+
+
+Do y'all have thoughts/opinions on this? Obviously, post-covid supply chain problems caused the spike, but they have persisted for a long time. Do you see it resolving slowly, or are we facing a few tough quarters of write-downs or price pressure?
+Hi.
+
+I'm from Europe and I'm new to the stock market. I've been doing my research lately, and some stocks that I "always" see recommended are Target and Viacom. I'm not from the US, so I'm not on par with the news that make those companies so valued. It's easier to be updated on big companies like Google, Microsoft, Apple, etc, but the news from some lesser known companies don't spread so easily.
+
+Can someone shed some light on those companies and tell me the reasons why they would (or wouldn't) be good stock picks?
+
+Other "less known" companies that I see mentioned many times are CVS (I know this one is big on the US but not here on Europe), Kroger and Abbott. Any info on these would also be appreciated.
+
+Thank you
+Hi everyone, 
+
+I've been practicing calculating cash flow and EBITDA multiple valuations. One of my favorite companies is Village Farms International ($VFF). They have recently acquired a lucrative cannabis venture and, combined with their efficient produce business, I believe they will become a meaningful force in the cannabis markets over the coming years. Combined with their attractive valuation of about 3x 2021 revenue, I've invested quite a lot in this company. 
+
+From 2021 to 2023, their total revenue is projected to grow at an average of 33% annually. As most will likely know, valuations in the cannabis space can be lofty (Canopy growth, Sundial and Aurora cannabis all have insane valuations). For FY 2023, $VFF is expected to close the year with $81 million of EBITDA on a revenue of 420 million USD (hehe). While analyst estimates are not available for 2024 and 2025, I expect about $140M in EBITDA for 2025. While these expectations are rosy, I think they're perfectly reasonable considering the annual growth of the Canadian cannabis industry as a whole. 
+
+I've discussed with a friend and personally think an EBITDA multiple of 20x is fair for a business growing at this pace. While I don't want to make this into a DD, they have quite a lot of cash on hand ($135M) and relatively low debt ($70M) along with valuable assets in the form of land, buildings, machinery and such (millions of sq ft in greenhouses). Thus, my valuation for 2025 comes in at around $2.8B, implying around 330% upside. 
+
+I know a lot of metrics are missing here, but I'd be interested in hearing your thoughts. Attached you will find analyst consensus estimates from the S&P platform ([https://i.imgur.com/YlWwwCt.png](https://i.imgur.com/YlWwwCt.png)) 
+
+Thank you and kind regards from an aspiring investor :)
+**$AAL cheap or dangerous?**
+
+Ever since covid hit, and even before then, $AAL price has sunk. At its highest was in 2018, the stock was 55.4$ and currently is priced at 14.33$.
+
+**Company’s debt**
+
+We all know that airlines have suffered a hard hit from covid and most of them have accumulated large amounts of debt. **$AAL has accumulated the most amount out of all U.S airlines**, more than $35B in debt, in comparison to $DAL which has $23.23B debt. Although, the current **debt\\equity** **ratio** of $AAL is 4.679 and $DAL is 4.62, very close.
+
+The company plans to balance its debt by 2025.
+
+**Company’s revenue**
+
+$AAL quarter’s revenue stood at **$13.462B the highest it’s ever been**, and a 50% increase year-over-year. Also, this year’s **current revenue is standing at $45.207B** setting a new yearly high with only a couple of weeks left.
+
+Demands for flights are at a high with the holiday season, $AAL flew a **25% tighter schedule** that its competitor.
+
+**More information**
+
+* Current market cap of 9.313B
+* $AAL ROE is 19.72% and $DAL ROE is 2.17%
+* DEBT to EBITDA 9.65
+
+With fuel prices high and the company’s debt, I’m not sure that investing in a company like $AAL is the right thing even though the stock price is low and the high revenues.
+
+**What do you think?**
+
+[My portfolio](https://www.jika.io/u/Crowman?re=reddit)
+I receive several substack, medium and various newsletters by email for investments. And reading reuters, yahoo finance news. And Seeking Alpha is the only economic news that is paid for and used, but i would like to subscribe to one more economic news that will help me study and understand macroeconomics and world trends. Do you guys have any economic news to recommend in this regard like bloomberg, FT, economist, wsj, barrons ?
+Fellow investors,
+
+I am interested in opening up a short position on TSLA. Before I do so, three questions need to be answered:
+
+1) What is TSLA's fair valuation, assuming all the rosiest projections coming true?
+
+2) What are the possible catalysts that can mean revert TSLA's valuation during the relevant time horizon?
+
+The first question is simple enough. DCF suggest a $100/share today. To be safe, I will triple that number and assume a $300/share. 
+
+The second question is trickier. Quarterly reports will keep showing double digit growth and that seem to be good enough for the TSLA bulls. Interest rate rising will affect tech as a whole, but TSLA price has been more resilient than anticipated. So what to look for in my DD? TSLA annual report in the Risk Factors Provision (see [TSLA 10K 2020](https://ir.tesla.com/_flysystem/s3/sec/000156459021004599/tsla-10k_20201231-gen.pdf), page 14) list many factors: 
+
+* Macro economic conditions: ie. slowdown in economic growth of the countries in which it does business. Increased competition, etc. 
+* Much of this I think won't be a problem, but some factors are worth further research. 
+
+3) Assuming I can answer (1) and (2), what should be the mean to carry out this short thesis? Painful experience of other shorters suggest that a put, as opposed to a straight short, is a better way to go: capping my potential loss at the expense of having a definite date and strike by which my thesis must play out. I am neither original nor a genius: the put options on TSLA even for far OTM (even for $400-500 strike) are quite expensive. Evidently, a tons of value investors have already piled in on this trade. 
+
+Finally, I will leave you with a Michael Burry's quote: "**There is a world of difference between knowing that a stock is overvalued and shorting it.**"
+So I did what I shouldn’t have, I opened my brokerage account to see how much I’ve lost (I know it’s not lost unless I sell) and was a little depressed after seeing I lost about $100k. So to make myself feel a little better I was curious to see how much you’ve lost in the past couple weeks?
+Hey all, so I was recently offered a job with a hospital research team. The hiring range was 32-40k/year. I was offered 33k, I thought that was a bit low since I was more qualified than the job description called for. I asked around and most of my other friends in similar positions made more than 33k. The other RA in the same team made 36/37k her first year working with the team. I asked if there was a way I could speak with the hiring manager or someone in HR to possible appeal my case and they rescinded my offer. I didn't list a counter offer or even say raise my pay by x amount of dollars. I simply asked if I could speak to someone to appeal and my offer was rescinded. Did I do anything wrong? Couldn't they have just said no the offer is firm? Is asking for salary offer appeal looked down upon in the science/health/research field?
+
+EDIT 1: This is located in a metropolitan area where 33k is barely livable tbh.
+
+EDIT 2: They gave me an offer about a week after the interview.
+
+EDIT 3: What do people suggest is a better way to approach this in the future? I thought to ask to speak to the hiring manager or someone in HR to make an appeal was the best way to go about it because they gave me a range which was finalized by a committee - but I see now that was a rookie mistake.
+
+EDIT 4: I actually emailed them back after the rescinding and the curt response back I got implied that my asking for a negotiation demonstrated a lack of engagement/enthusiasm for the position so that's that. It's a research group in a top-tier institution and there are lots of pre-med/pre-PhD candidates I'm sure they had that can live off 33k/year in a big city but I have student loans, so, unfortunately, that's not my case. I actually asked my other friends in research positions about negotiations and all of them said their teams either said no to an increase or agreed to a slight one - so if you're looking at similar research positions I'm sure my rescinding is super rare maybe like 1 in 10 chance of happening so please don't stay silent lol.
+
+Anway, THANK YOU SO MUCH FOR ALL THE ADVICE AND WORDS OF WISDOM. I (and other lurkers) will take this into consideration for future job negotiations. I am very fortunate that I'm not desperately in need of a job right now and that I'm still applying and interviewing for other positions so I'm not stressed or worried about my future. This was a big learning moment for me - I will use carrying on forward.
+
+Hey there, amateur here. I don’t have any premium advice or tips. It would be fair to say less than 10% of traders make any kind of money and maybe less than 1% make money consistently. We’ve all seen the countless reddit posts, and read a few of the more popular books in this profession — the losses are notoriously documented. 
+
+My question is: why? We have almost limitless information about this subject available online such as youtube and blog series, informal courses, endless trading books, etc, so then why do a striking majority of traders lose money and drop out? Why, despite the tens or hundreds of fundamentals-research hours, do so many get gutted and run away defeated?
+
+Edit: Lol at whoever downvoted this post, people are sharing their experiences and knowledge to prevent new traders from catastrophic failure and you downvote?
+Hey Ausfinance Gang.
+
+I am 27 years old, working for PT and living at home with no rent and no expenses.
+
+I am currently in the process of building a house. the house and land will cost me nearly $800,000 for which I have saved up about $140,0000 for. The land wont title till q1 2023 so I still have time to save. I also havent signed the final contract so I still have time to think things through.
+
+I am looking at the interest rates and the monthly payment for my house and I am currently terrified. I am looking at roughly  $4000 a month, which would be fine for a couple but as a single man???? 
+I can always rent out the place or get some roomies. I just found a second job too just to save more so hopefully I'll be earning around$ 90,000+.
+
+Is there anything else I can do? My parents are willing to cosign as well. With more rate rises incoming I feel like I'm looking at a loaded barrel.
+
+any advice is welcome.
+..or can I cut the middle man and buy directly from the constructor?
+
+I have no experience whatsoever with properties, but I am thinking to buy my first home and was wandering if a REA is actually necessary when buying a brand new house.
+With the huge news of Google reaching quantum supremacy, do you think it is a signal of a huge move in the distant future? 
+
+It's guaranteed that quantum computing will absolutely explode as an industry and Google just demonstrated a huge dominance/lead. 
+
+How do you think the market will react short-term? Is this news too theoretical to have a significant effect on the stock? Will it be irrelevant until the technology is put to practical, tangible, commercial use?
+I just created a M1 Finance account that I plan to contribute to while I’m deployed. Currently in the account I have VYM, VXUS, VTI, VGT, and VOO. I don’t want to be too aggressive but I still want my money some place other than a savings account, where it will grow. Any advice on what I should add/take out? Any advice is appreciated, and I could care less if you call me an idiot lol, I’m still beginning.
+
+Delete if this isn’t allowed
+Wes Christian explains that prime brokers are the real orchestrators of the crime on Wall St. just like 2008 . 
+This was the best of the GameStop documentaries I have seen thus far. This clip stood out to me so I thought I would share it, as I finally have the Karma to do so. Share this documentary with others that don’t know what is happening.
+TLDR; Wall Street, to include hedge funds, brokerages (minus Fidelity it seems), and market makers are colluding to keep the excessive float, and real price of GME hidden. Vanguard did not provide ComputerShare the cost basis for my shares in my DRS request, as required by IRS laws, and instead marked them as "noncovered" so that I don't see the cost paid per share on record. This violates IRS laws, by telling ComputerShare that my shares were purchased prior to 2011 (they weren't). The only reason I can think Vanguard would do this, is to hide the fact that they had to buy real shares to fulfill my DRS request. More evidence that DRS is putting pressure on brokerages to buy shares.
+
+=======
+
+First some backstory, before we get to the "price is wrong punchline"...
+
+September 13th I initiated a DRS of 10 shares from Vanguard to ComputerShare. Three days later on the 16th those shares showed up at ComputerShare...
+
+You can check this yourself on your CS account by clicking on "View your recent activity" and checking under the "Transactions" tab. Then expand GAMESTOP CORP and click on "View Details" for each DRS transfer you have. Here is what I see...
+
+​
+
+[screenshot of my CS account from today \(20th October 2021\) of shares that arrived at CS on September 16th 2021 \(5 weeks ago\)](https://preview.redd.it/8cbf0icwfnu71.png?width=2978&format=png&auto=webp&s=b8c0c8feb3a5c3a552efa138453c19d566e4916a)
+
+I DRS'd the remaining 40 shares on October 1st from the same account, same block of GME I purchased this year that the initial 10 came from, and they showed up yesterday as non-covered as well -- my how the wait line has grown... from 3 days to 18 to DRS in just a couple weeks.
+
+I was curious to see if the cost basis, or what I paid for the stock as recorded, from these blocks -- the 10 shares that came in on the 9/16 and the other 40 that came in on 10/19 -- were the same, as they should be.
+
+But when looking at the details of the shares on ComputerShare, I found that my shares were all listed as Non-covered. What's that mean? (you're wondering, me too)...
+
+So I found the following document on CostBasis from ComputerShare (it's only 2 pages, some easy reading) that explains more about covered and noncovered marking. Here are the important parts...
+
+[https://www.computershare.com/us/Documents/CostBasis-%20FAQ-021218.pdf](https://www.computershare.com/us/Documents/CostBasis-%20FAQ-021218.pdf)
+
+​
+
+https://preview.redd.it/w0fii4m1gnu71.png?width=1043&format=png&auto=webp&s=b460c979cbbcdd5fb473b1711f2f1bccc8552ecd
+
+Emergency Economic Stabilization Act of 2008... interesting, more on that later. But for now, let's keep digging into this Cost Basis thing...
+
+Ok, so cost basis is important to the IRS, because you don't pay taxes on your initial investment/cost to buy the stock, but rather you just pay taxes on the gains (or you write off losses below your cost basis when it goes down, which is important to note). The IRS wants to know how much a stock cost when you bought it (or was bought on your behalf; key point here) so that you can't lie on your tax write-off and so that he gets his fair cut of your gains. Uncle Sam wants his cut, and you don't mess with the IRS, it's one of the government entities billionaires fear.
+
+Continuing on in this document…
+
+​
+
+https://preview.redd.it/y8grp3x2gnu71.png?width=873&format=png&auto=webp&s=1a7a00b328d9b6c98750f44a9e972e914d31b609
+
+So why are my shares recorded as Noncovered? I'm wondering, you're wondering. I mean, it would be really nice to know exactly what Vanguard spent on the 50 shares I DRS'd from them... because when I bought these shares (and by bought, I mean I gave Vanguard my money and they told me I owned GME at that price) for around $150 a share, I suspect Vanguard, on books, assigned me something they already owned or would later locate (once I DRSd), rather than actually going onto the open market to buy 50 shares at $150 each when they took my money. Oh the joys of not actually owning the shares you bought, just IOUs. Thanks brokers.
+
+Important historical note: Remember in the spring when Apes reported during the exodus from RobinHood seeing cost basis numbers on their transferred shares in the thousands per share for GME? Some speculated, at the time, this is what Robinhood had to pay Citadel to unfuck their lack of buying shares when they took your money and thought they'd buy the shares later. This might have been the actual cost of GME at the time. Robinhood wasn't smart enough to mark those shares as Non-covered? Maybe brokers (Vanguard at least, as I'm seeing) are doing this now to avoid reporting what's really being spent to locate (buy from Citadel legitimate shares) when they are forced to locate to DRS. Could it be that brokers (such as Vanguard) know...
+
+this is an easier way to not let people see that the delay in DRSing isn't actually a backlog of requests, but rather a scramble to juggle (realign a dwindling supply of) their assigned shares as GME is plucked from their books as a DRS to ComputerShare. BTW this is a good time to plug DRSing, if you've been living under a rock... your brokerage holds your shares on your behalf, but they literally don't belong to you, unless you DRS. They belong to Cede, and your broker assigns them on books to you. There is no way to sugar coat brokerage owned shares of GME, you're trusting your broker to make good on your holdings. And you're hoping the NCSS and DTC will police and come in to back you up if brokerage gets caught with too many assigned shares than on record with Cede belonging to them -- or worse, if your brokerage goes under. I'm not saying the DTC wouldn't come running to your aid, I'm just saying, you're putting that faith in players who have clearly worked against our interests from the start of this... as evidence by all the DTC laws having been passed this year to avoid being caught holding the bag for this shady business.
+
+DRS, and sleep better at night (not financial advice, but rather some common sense).
+
+So I called Vanguard, and got nowhere. Canned response basically telling me to look at my history on my account. I know, they know, that the price they recorded as me paying them for my shares, isn't necessarily the real price that the real shares that are now registered in my name with ComputerShare. This is the data point I'm trying to get, to confirm what was actually spent on the legitimate shares I now hold in my name at ComputerShare. I want that data. How much did they cost Vanguard to 'locate'?
+
+So I decided to ask ComputerShare...
+
+​
+
+https://preview.redd.it/v5fkuif4gnu71.png?width=993&format=png&auto=webp&s=376df42807e50193e8aeae59146576db3df4cd6b
+
+Hmm. So tells me that ComputerShare records shares as "noncovered" when brokerages fail to report (as required by law for cash bought shares after 2011) what the cost basis is on those shares.
+
+Again, the IRS wants this information so that people can't manipulate pricing to avoid, or cut short, on tax requirements. See, when Robinhood reported a cost basis of $3,000 per share, on shares transferred to Fidelity (others reported this, not me, to be clear)... it means that whenever that Ape sells his/her share for $10,000,000 they are skipping paying tax on $2,800 (give or take $100 based on the real price they paid for it) of the cost basis, and Uncle Sam misses something he's owed. More importantly (though it might not seem to us who HODL) is the alternate point that if said Ape sold GME tomorrow (\*gasp\*), to cover life threatening illness, then the IRS would see a net loss from the cost basis of $2,815 (at current price of GME) when compared to the reported $3,000 purchase price that RobinHood provided on the transfer (what they paid to locate). This would set off alarm bells with the IRS, because GME hasn't (yet) ever been $3,000 a share. But according to the reported Cost Basis, someone could write off a loss of $2,815 on their taxes, because of that RobinHood reported. Back to my point of why Vanguard may have reported my transfer (both of them) as noncovered. Maybe the penalty for not properly reporting the transfer isn't as bad as the IRS digging through brokerage records to uncover why located shares show on record purchase prices in the thousands.
+
+One last part from the CostBasis documents from ComputerShare...
+
+​
+
+https://preview.redd.it/pe85gkk5gnu71.png?width=918&format=png&auto=webp&s=d912a5cbe936c18d668b5b214b1df8268d24653d
+
+Wait a minute. I bought those shares this year way after 2011 -- so they must be covered shares. I can say for certain I never owned a share of GME prior to 2020 (though I wish I had a time machine and could go back and change that). So what exactly is the law on this... back to the reference above about the Emergency Economic Stabilization Act of 2008. Turning to Investopedia...
+
+​
+
+https://preview.redd.it/pbeoque6gnu71.png?width=1323&format=png&auto=webp&s=060ee4c0d1a821546a36c4b047dc0972c0560bbf
+
+Made the hair on the back of my neck stand up. Too Big To Fail. I'm going to stop here... but first I will draw some parallels. This part is my own opinion, and shouldn't be taken as DD from this point forward... though it's my opinion, it's supported by countless DD's and observations from this community over the last several months, explaining what's going on in rational terms in an attempt to bring this all together...
+
+# Conclusion
+
+Many brokerages (not just RobinDaHood) in collusion with Citadel, are up to some really really shady stuff. We've been seeing the shadows of this shady for some time now, collecting as much data as we can to help explain what we know to be the case... that many multiples more than the float is held. Brokerages have profited a great deal in lending shares cheaply for Hedge Funds to short companies into the ground, and these brokers have also turned a blind eye in their duty to hold themselves, and Market Makers (Citadel) accountable to proper tracking of shares bought on behalf of clients (retail) that they hold with Cede (the company that is listed as owner of the shares that brokers track on record as assigned to clients who gave them money for said shares). The reason brokerages aren't ringing the alarm bells on this is because they profit greatly from lending hundred of millions of shares of GME, to forward shares held in their books to shorts.
+
+Now that GME is toxic to those with a bearish sentiment, they (brokerages, MMs and hedge funds) all know they are in for a shitstorm ~~if~~ when GME takes off, so no one wants to press the button. The mutual assured self destruction analogy is a perfect one here. DRS is breaking this black box open and getting us closer to the explosive event that in launch, as it plucks shares away that need to be accounted for when they are no longer in the Black Box of Games. "Noncovered" is an assignment that tells the IRS this stock assignment was purchased prior to 2011 (lie), to avoid reporting the locate price paid by the broker. Once a share is DRS'd it has to have a cost basis, as it is now written into the books with ComputerShare (Gamestop's registrar) as being assigned to someone outside this circus that is Wall Street. Vanguard isn't reporting this number, but instead providing information that makes ComputerShare assume the stock was purchases prior to laws requiring the number to be provided on a DRS transfer. The music is winding down on this carrousel...
+
+Tick Tock.
+
+​
+
+Edit 1. Wanted to address a good point I've seen mentioned a few times in the comments already. The fact that brokers have 2 weeks (or maybe it was 15 business days?) to report to the registrar (ComputerShare) the cost basis information for the shares that were DRS'd. Some report that for the first few weeks they say noncovered, and then after a few weeks the cost basis information showed up. I can report that, in my case, this did not happen. The first screenshot in this post showing the 10 shares I initially DRS'd were DRS'd on 9/13 and arrived at CS on 9/16 (5 weeks ago). They are still listed as noncovered.
+
+​
+
+Edit 2. Adding to the discussion -- my interest (and others who have DRSd) in knowing what Vanguard paid for the shares that are now registered in my name is to discover potential fraud (that in my cash account shares were not actually assigned to me during the purchase date or T+2 period around it). My right to see what Vanguard paid for the shares appears to be baked into IRA laws. I'm not saying Vanguard owes me this data, I'm saying they are violating IRS laws by not providing it to ComputerShare. Could this be a simple error on their part, or a backlog from DRS requests piling up, sure... but I doubt they'd knowingly violate laws, instead they'd simply hire more people to abide by them - so I doubt it's the case.  I'd love to know what they spent on the shares to confirm said suspicion about T+2... I can look up the price range of GME for the day I purchased these shares that should have been assigned to me on Vanguards books from those dates, plus the two days after. I'm curious if Vanguard actually assigned me shares during that time, or not, or if my position was naked until they located for this DRS. This data would tell me. I'm not arguing that the end result is me having these shares I paid $150 a piece for... the point is to see what is happening in the black box.
+Greetings to my fellow FIRE enthusiasts, and welcome to my wall of text.
+
+I am a long-time (11 years) redditor and have been very lightly engaged in this subreddit for much of that time. I’ve created this alternate account specifically for personal Accountability, as well as a way to Interact with the reddit FIRE community. Here’s what I mean by that:
+
+**Accountability**
+
+* One key enabler of my ability to RE is a very early start to index fund investing, and a set-it-and-forget-it approach.
+* Perhaps not surprisingly, I haven’t been very active in actually **planning** to FIRE, and I’ve developed certain lazy behaviors in the intervening years. I could have been more aggressive with my current career. I should have been more thoughtful about real estate decisions. I could have done a better job communicating my specific FIRE goals to my wife (she’s now on board). Etc.
+* So, I’m looking to drive more Accountability for myself in actually taking concrete steps to RE. And, there are some specific milestones that I’m setting for myself.
+* Obviously, an anonymous account doesn’t drive Accountability terribly well, being anonymous and all. But I’m giving a go nonetheless. As many in this community know, communicating FIRE goals with your friends and family as a means to Accountability is fraught AF. I don’t care to blog. So I’m putting it all on you.
+
+**Interaction**
+
+* I personally find the Personal Journey content in this community to be the most engaging, though the technical and financial discussions are helpful as well.
+* I suspect that most of my contributions will be of the “how it’s going/what it’s like/what I’ve learned” sort, versus robust financial advice. But I’ll share what advice I can. Think of the updates you see from[ u/FIRE\_and\_forget\_it](https://www.reddit.com/u/FIRE_and_forget_it)  and[ u/jasonlong1212](https://www.reddit.com/u/jasonlong1212) … that is what I envision.
+* This also obviously runs the risk of being solipsistic and indulgent. So I apologize in advance and graciously accept your downvote.
+
+With that Purpose out of the way, here’s some deets around yours truly:
+
+**Quick Demographic info**
+
+* I am a Gen-X American white male. Married with no children. All of our close relatives are self-sufficient. We are generally healthy (though with pre-existing conditions) and very in-shape for our age. We have a social network in the Goldilocks zone. Our community reflects our values.
+* Right away, you can see the privilege. More on that below.
+* I currently live in a large city in the Northern half of the US. I have lived in several different cities in my life, but spent the vast majority of my career in a single region of the US.
+
+**My Educational Background and Career (the over-long section … tl;dr at the end)**
+
+* **Public Schools.** The most consequential test I ever took was in 5th grade. I grew up in a public school system with several tracks of study at the Middle and High school level, the most advanced of which was called Gifted & Talented. The test I took alongside all of my peers in 5th grade happened to put me in the G&T track starting my first year of Middle school. I didn’t even know what the test was for at the time. It was easy sailing from there on out, literally through college, kicking off a virtuous cycle of achievement and positive reinforcement. This is surely an indictment of the US public school system.
+* **State University.** I moved around a bit as a kid, which did not advantage me in terms of developing a record of extra-curricular achievement, reputation and rapport within any given school. Consequently, many of my friends I grew up with “back home” ended up going to some really prestigious schools (the Ivies and the ilk), whereas I went to a large public University system in-state with a fair amount of scholarship support. This was a huge blessing in retrospect. It was an incredible bargain, and I graduated with zero debt.
+* **First Job.** A year after graduation, and after a … light academic adventure, let’s say … I started applying for jobs. I had probably applied to 10 or so companies when I was asked to come in to interview at a local software company. The interview process was very rigorous, and I think describing it in detail may give away too much. Not FAANG though, (in fact, there was no FNG at the time, and barely a second A), and nowhere near FAANG-level compensation, at least initially. I was offered a job over the phone one Friday afternoon, and started work the following Monday AM. My starting salary was $31K. The job search lasted probably two months. I realize this sounds crazy nowadays.
+* **Career Path.** My career trajectory from that point has been: software > MBA > consulting > corporate gig. That “gig” term is carrying a lot of weight. On paper, each of these moves looks like a step-up in salary, but in reality each represents an unintentional down-shifting of earning growth. I can elaborate on that if there’s interest. I’ve been working full time non-stop (except for the full-time MBA) for over 20 years now. I can elaborate on the value of a full time MBA if there’s interest.
+* **Lucking Out.** As I look back on this education and career trajectory, I feel like I was getting through some really critical gates just before they got tougher to pass through. That G&T exam in 5th grade was barely a blip on anyone’s radar (I think), but now I suspect parents view it as a make-or-break moment for their child (if it exists anymore). AP courses were just becoming prevalent after I left high school, so that wasn’t a big stressor for me. My University was still easy-ish to get into (a two-page application without an essay, if I recall correctly). College tuition really didn’t explode until after I was out. The software company I joined was very particular in who we hired, but didn’t really didn’t draw large numbers of applicants until after I joined. I was oblivious to any career guidance and interviewing/application support at my university. It probably existed, but I view that as a reflection on how unserious we were about competing for jobs in the 90’s. Maybe it’s a Gen-X thing.
+* **Modest Spending the past 20 years.** All along the way, my appetite for material things, and consequently large expenses, has remained relatively modest. There are vices here and there (eating out at nice restaurants, international travel, organic groceries, craft beer), but on balance, I have deliberately not cared much at all about the Joneses. Maybe it���s a Gen-X thing. Obviously, not having kids is probably the single-biggest variable here. So, I’ve been able to sock away a fair bit, and invested it primarily in broad-based mutual funds. My grandpa opened an S&P500 index fund for me with probably about $500 when I was very young and barely able to understand the concept (maybe when I was 13). At age 23, without really thinking, I just started adding to that. Again, privileged. I would estimate my lifetime savings rate at over 50%, but I haven’t seriously calculated it.
+
+I tell you all of this to emphasize that I didn’t blaze my own way to FI, not really. But there are still lessons to be had (more below).
+
+**TL;DR**: heads-down student, unstrategic and overall lucky career trajectory, modest spending levels, DINK, all generating what you might call “passive-aggressive” saving.
+
+**The Numbers**
+
+* Our net worth is currently $2.4M, setting aside the value in RSUs that I would forfeit if I RE’d right now.
+* The vast majority of this is in index funds, split between Taxable and Retirement accounts. I have about an equal split between Taxable and Retirement, though not due to any deliberate strategy, and is something I probably haven’t given enough thought to. I have about $100K in home equity and a bit in cash that makes up the balance of the net worth.
+* My relatively small proportion of net worth in home equity reflects my own belief that I would be better off investing in the broader equities market versus local real estate market (i.e., my home). I may or may not have been correct in that belief, I truly don’t know.
+* Very little of this originated as equity compensation until recently, even from my software days (which is a sad tale for another time).
+* Our 10-year trend in non-healthcare spending is about $65K/year. A fair chunk of this year-in and year-out is Home Improvement, which is shocking and sad to me.
+* Based on certain assumptions around income next year, tax rates in retirement, stock market valuations, RSU vesting, and healthcare premiums and other costs, if I were to RE at the beginning of 2022 (a year and a half from now), our WR would be 3.2%. This WR is about what we’re comfortable with. For context, a WR of 3.5% would allow for $75K in non-health spending, which we’ve never exceeded in the past 10 years.
+
+**How I Got Here/Advice if you’re interested**
+
+(Thanks to[ u/CripzyChiken](https://www.reddit.com/u/CripzyChiken)  for ideas to make this post more helpful than it was about to be.)
+
+Moving beyond my own biography, here are some things that I think enabled our ability to FIRE:
+
+* **Appreciate the power of compounding interest**. As a former student of economics, I refuse to call it “magic.” But **saving early** has non-intuitive benefits. Debating between saving $15/month vs spending it on HBO? You won’t remember what you watched on HBO ten years from now, but you’ll certainly enjoy knowing that extra $3K gets you much closer to retirement.
+* **Think in terms of Opportunity Cost, constantly.** This is a concept I think most of us know, but which seems so overlooked when I see my friends’ and family’s spending behaviors. The incremental expense you take on now isn’t just a trade-off at the moment of purchase, it’s something that has long-term consequences of what that cash could have provided you. Similar to the HBO example, I like[ MMM’s swimming pool example](https://www.mrmoneymustache.com/2018/07/25/the-twenty-dollar-swim/) even more. This has the unfortunate consequence of being debilitating (is anything truly worth it?), but is a good baseline attitude to have.
+* **Understand your values with respect to material things.** As a household, we spend $65K/year. That’s not nothing. But we definitely under-index in spending relative to our peer group here. And we’re more than OK with that. In fact, we are looking to downsize and economize with our next home. Life is to be lived, sure, but it doesn’t hurt to think about what things deliver happiness to you versus what social pressure would have you spend. I currently drive a Honda Civic that I bought in 2011. My previous car was a Honda Civic that I drove for 14 years.
+* **The ROI on a graduate degree may be iffy**. I can elaborate in future posts, but my decision to get an MBA likely had a profoundly negative ROI. A graduate degree is by no means a ticket to a better financial outcome, and the opportunity cost you pay in taking time off of work should be measured not only in terms of the year or two you take off work, but also all of the foregone goodwill you would have otherwise created in your field. Happy to elaborate if there’s interest.
+* **Deliberate career decisions with those you trust,** ideally with more experience than you. A story for another time, but my leaving the software company when I did was arguably the most consequential financial decision I ever made (and not in a good way). If I were to do it over, I would have consulted my dad and others 20+ years my elder for their view. (Correct, I did not run the idea past my dad - I have an independent streak.) I’m sure I would have been advised to wait it out a year or two. And, in my case, if I had followed that advice, I would definitely be retired by now, no question.
+* **Understand that you have tax and healthcare burdens when you think about a SWR.** Too often I see people in this subreddit compare annual expenses to net worth, and believe that they’re golden when that ratio dips below 4%. You need to account for capital gains taxes (potentially at the state level too), as well as healthcare insurance premiums that you’d incrementally incur when estimating future expenses. In my case, I will need to draw down my investments by $95K/year to fund my non-healthcare spending of $65K/year, though I do live in a high tax State.
+
+**Acknowledgements**
+
+* The biggest contributor to my ability to FIRE is the profound privilege I experience as a white American male. It’s probably obvious from the above, but I have encountered very few material hurdles in my life.
+* One one hand, I haven’t actually received an obscene amount of financial support from others after graduating high school. My parents helped to pay for some living expenses early on in college, through perhaps my Sophomore year, but tuition and later expenses were covered by my scholarships and through my part-time jobs. I stayed at their home for the two months-long job search, but moved out shortly after that. I covered the down payment on my first house (I think many Americans get support from their parents on this, though it doesn’t seem to be discussed much in polite company).
+* On the other hand, I am by no means self-made. In fact, I feel the opposite. The non-financial investments my parents made in me were significant. And, I’ve been on the receiving end of this country’s firehose of white privilege since birth. Since before birth, if you think about it. In a sense I have a different kind of debt that I believe I need to pay. More on that in post-FIRE posts, I hope.
+
+**Why FIRE sooner versus later**
+
+* **I do not draw meaning from my work**. I undoubtedly have an impact on the company, create shareholder value, etc. But my company’s mission is not something that fulfills me at a personal level.
+* **I am a tired imposter.** While I fully acknowledge how easy I’ve had it in the grand scheme of things, I have been working pretty damn hard for 20+ years. Early on, in software and consulting, the hours and effort and travel were insane. Insane! Nowadays, thankfully, it’s just a low-level burning grind, but it’s still taxing. I do somehow feel a cumulative mental wear-and-tear from work over the past 20+ years. I don't handle stress as well as I used to. I should be supremely in-control of the work and team by now, but I don’t feel I am. And I feel like an imposter oftentimes: my Millennial and Gen-Z colleagues (how’d THAT happen so fast?) are twice as bright and three times as productive as I ever remember being. Maybe I’m just getting old. Maybe it’s a Gen-X thing.
+* **I owe.** Even though this is an anonymous account, I realize this will sound self-aggrandizing -- but this fucked-up year has really opened my mind to my privilege and I need to do something more. It’s time for me to get off the pot and create a domino of openings for others at the company who have had to work a lot harder than me to get where they are. This is a concrete and specific thing, and my company would almost certainly take it as an opportunity to increase diverse representation (my company is serious AF about this issue now). So, I intend to quit within two years, ideally at the beginning of 2022, depending on certain constraints.
+
+The above are the immediate drivers, and may seem to violate the “create the life you want and then save for it” credo of FIRE, but to me it does not. I have a very happy life outside of work, which I intend to maximize post-FIRE. My retirement will be overfilled with a backlog of interests groaning to expand. The above are just pushing me to an earlier vs later RE date.
+
+**Next Steps for Me**
+
+Why am I setting my RE date at the beginning of 2022 instead of right now? There are a few constraints I need to work through:
+
+* Constraint 1: Healthcare coverage. While we are generally healthy, we have pre-existing conditions that I worry will impact our ability to secure coverage upon RE. The ACA is currently being challenged in the Supreme Court on severability grounds, and I believe it will be heard in October 2020.  A decision will likely come by June 2021, so that is an important milestone for me.
+* Constraint 2: COVID and Mortgages. We would really like to move out of our current home to a smaller home in a different location in the metro area for the first many years of FIRE. I know that asset-based mortgages are a thing. But I would much prefer getting into a traditional mortgage, and then RE after that. We are choosing to wait until after the pandemic is resolved (however that happens) before we get out into the market, and show our home for sale. So, I don’t expect to put our current house on the market until late 2021 at the earliest.
+* Constraint 3: RSUs. Some of my RSUs vest in early 2022, so would be worth waiting out even if RE were possible earlier than the above two constraints seem to allow. This is of course the goal of RSUs.
+
+Immediate next steps I’m taking:
+
+* Constraint 2: Make a plan around moving to a new home. This still involves a build-buy decision we need to make. I have a lot of research to do.
+* Also: Build a relationship with community organizations in the coming months, so I have a plan for post-FIRE engagement in my community. I have plenty of interests that will divide my time, but none of them really contribute to the community meaningfully.
+* Also: Stay employed until then. No small thing -- I know how close I am to RE, and my energy and motivation to exceed expectations at work is flagging. Stated differently: the senioritis is real. Granted, I will be fine if I were laid off tomorrow, and perhaps needn’t work full time again. But I’d much prefer to keep to my plan.
+
+This post may not be particularly intriguing now, and may not generate much interaction. But consider this the first entry that I’m hoping you all can come back to as I journal my FIRE journey in the coming years.
+
+In the meantime, what would you like to see in updates going forward? I will share what I can.
+
+Finally, to the Millennial and Gen-Z redditors who aspire to FIRE: I am sorry for the fucked up world you are in. You will face many more challenges to save for retirement than I (and especially the Boomers) ever have, and you do not deserve that. I am in awe of your resilience (I see it all the time at work), and I am trying to do my part to make it better. Keep at it!
+
+**TL;DR:** American guy wants you to read about his FIRE journey in the coming years as a means to his achieving personal accountability. This is a “kick-off post” of little immediate interest, and likely worthy of your downvote, but may be something to read again later on in the journey to see how well he stuck to his goal. He also wants to know what you want to hear from him about.
+
+**Edit:** I appreciate all of the early responses, I can feel the accountability growing -- yikes!  A quick note as a number of you have told me not to apologize for being white.  I think I understand where you are coming from, but I didn't intend this to seem like an apology per se.  I mean only to emphasize the reality in my own life that so much opportunity has come from this.  I understand the point some of you make that there are examples of privileged individuals from all races.  I would offer this way to think about it: Let's take the one example of the critical G&T test I took in 5th grade.  I was able to take that test because my parents moved into a plum public school district, which they were able to do because they were able to get a nice(ish) home, which they were able to do through rolling over the home equity from another city, where they were unencumbered by redlining because our family was white.  Now, multiply that by everyone I went to school with in that district (not every family had the same path, sure, but the systemic privilege exists).  It wasn't just me in that boat at school, and I can count on one hand how many Black friends I had at that school.  At any rate, I will likely not change any minds here, and while this is a deeply held belief of mine, I will probably delve little to not-at-all into this in future posts.
+
+**Edit:**  I have updated the post to fix a violation of a posting rule.
+
+**Edit:** Just to set expectations on the Interaction note, I will probably not post again on this topic until Spring 2021.  I've been advised that every 6 months to 1 year is about the sweet spot for update frequency.  Thanks for the engagement on this post.
+A few stats to start with:
+
+Me: 45m, single full time dad to 3
+One income: 150k
+Job status: getting laid off in a few weeks
+House: worth 425k, owe 200k
+Savings: 2k
+Debt: 8k in CCs, 30k loan from 401
+Credit score: 730
+Monthly expenses: 4500-5k
+401k worth: 85k
+
+I took a 401k loan out last year to remodel the house with the idea of selling the house and paying off the loan this year. But, now I find out that my company is getting rid of mid-mgmt at the end of july and I can probably expect 12 weeks pay (~15k cash).  Been looking for a job, no luck so far
+
+Question is: how do I handle this 401k loan?
+
+Thoughts I'm having: 
+...refinance the house, pull some equity, pay off the loan (can this even be done in 3 wks time?)
+
+...go get a second on the house, pay off the loan, try to absorb another monthly payment with my severance and hope to find work soon
+
+...do nothing and absorb the (nasty) penalty
+
+I cant sell the house cuz I wont have a job to get a new loan with... and if I want to refinance or get a second I have to be able to show income, and I only have 1 or 2 more checks coming... so gotta hurry.
+
+Thoughts?
+I'm not selling because I believe in the tech . I stand to retire 5 years later if this fails . Everyone is screaming hold and no one is holding actually . Enjoy my money  when you sell
+Old Lady Ape here,
+
+I have been talking alot about [Direct Registering shares](https://www.reddit.com/r/Superstonk/comments/p0lmzw/how_to_direct_register_shares_for_infinite/?utm_source=share&utm_medium=web2x&context=3), it's [pros and cons](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) and have tried to bring you factual and well sourced information about why having shares registered in your own name is such a [powerful option](https://www.reddit.com/r/Superstonk/comments/o6o2ok/could_direct_registering_shares_create_a_nuclear/?utm_source=share&utm_medium=web2x&context=3).  I've talked about how they are protected more than a cash account because there are many [loopholes to the "custody" requirement](https://www.reddit.com/r/Superstonk/comments/oumz7g/cash_account_shenanigans_allowed_by_the_dtcc/?utm_source=share&utm_medium=web2x&context=3) for brokers so they are allowed to credit accounts with shares that have yet to be (and may never be) delivered.
+
+But in many ways I think I have missed the most basic information about what makes direct registering shares so powerful, and that is its **transfer agent** super powers.
+
+# Let's start with a picture:
+
+​
+
+[The Fraudket](https://preview.redd.it/e6ux230o90l71.png?width=701&format=png&auto=webp&s=49d9e2fdf535750a3f7520b3ea35ac26e5b20444)
+
+Does that clear everything up? 👀
+
+First let's take a look at the circles.  Those are the brokers.  Don't they look all cute and innocent over there in the non-foolery area?  Well, they may not be commiting the murder but they know where all the bodies are buried and they aren't saying a word.
+
+​
+
+[street name](https://preview.redd.it/tgjkh3nxa0l71.jpg?width=720&format=pjpg&auto=webp&s=0ada9acc9c35d77bd6b7f32c201a813b7ff2b4b5)
+
+Brokers hold securities for their apes in their street name.  The shares are registered to DtCC but entitled to the broker's accounts and since the DTC uses the Fast system to transfer shares, they are subdivided there by "street name"
+
+[The buck stops at your broker.... remember that](https://preview.redd.it/5xjv1jn2b0l71.jpg?width=765&format=pjpg&auto=webp&s=67b78e7146c1231789a4b1c6559fb6dc6336cc3d)
+
+Apes are listed on the books of their broker and entitled to their shares. You are a beneficial owner of your broker's entitled shares.  If apes have a problem they take it up with the broker, not the DTC and not GME.  This includes voting rights.
+
+​
+
+[The money always makes it through!](https://preview.redd.it/akcmvrrwb0l71.png?width=697&format=png&auto=webp&s=9442920e3dfa384646f54c8599f8a08e7af9c2c9)
+
+When a trade is made.  Apes are in the green triangle on the right (the buyer, apes no sell) The ape money goes around the outside of the diagram.  You see they don't mess around with the money.  Your money is gone that day!
+
+​
+
+[The shares go in but they don't come out -- RAID](https://preview.redd.it/klzfni65c0l71.png?width=657&format=png&auto=webp&s=d3edb9c7f8bb694b0d15acc7fd9a7939b00dea00)
+
+The seller (red) is on the left.  Their "entitled" share is sent from their broker into the fraudket of ~~crime~~ Tom foolery through the securities account of a participant who also has their "entitled" shares debited as it travels to the NSCC settlement centers. (CNS, ex-clearing, OW ect...)  The NSCC then credits an "entitled" share out of the fraudket and through to the Ape's broker.  (It SHOULD eventually, make it through the NSCC up to the DTC where the broker to broker transfer of shares can occur, but if it gets stuck in the OW, or a FTD cycle... who knows how long that will take.) At this point the trade has never reached the top of the fraudket, there still is no change to the Securityholder list and there won't be.
+
+​
+
+[page break](https://preview.redd.it/4bq4v6jre0l71.jpg?width=742&format=pjpg&auto=webp&s=6f126a69f65f3b7f18e26736a24042183ac7e0c1)
+
+​
+
+[No Change](https://preview.redd.it/2zsgb9zwe0l71.jpg?width=743&format=pjpg&auto=webp&s=bb179e7430153462ecc502f5e32282ce07a88971)
+
+# So, what's different about Computershare ♾🏊‍♀️?
+
+Computershare is GME's transfer agent. The Issuer (GME) communicates directly with the transfer agent.  The transfer agent deals with the master securityholder file and the FAST system.
+
+​
+
+[It's FAST it just feels S.L.O.W.](https://preview.redd.it/58jckgxpf0l71.jpg?width=364&format=pjpg&auto=webp&s=36bfa8549c6318a9e5c9a97831d0d75278766fd9)
+
+The FAST system is the accounting controls for issued shares registered to DTCC and its participants.  Computershare has direct access to this system and can credit and debit the number of issued shares available to the DTCC.
+
+Let's look at the picture again:
+
+GME is the issuer and Computershare is the transfer agent.
+
+​
+
+[That cash money... it still makes it through](https://preview.redd.it/ltw626o2g0l71.png?width=742&format=png&auto=webp&s=726bc26ebae935731d517e5c7aca90636eeec71a)
+
+Buying is a little different.  The transfer agent initiates the buy through their broker using the apes money that goes around as usual or, straight through the DTC, to whoever sells the share.
+
+​
+
+[I didn't redraw the fraudket, but you remember where it was, right?](https://preview.redd.it/9rj0dgcpg0l71.png?width=709&format=png&auto=webp&s=fe671b9ca84b705464cc39afb98a58b5801dd67f)
+
+The seller sends the share in to be bought but the sold share cannot come from an entitlement account, it must come from a DTC participant account .. when it reaches a participant account the order is sucked up to the top of the fraudket to the FAST system that debits the participants account automatically... Unless... the share is a marked short or their is some other restriction on the share.  
+
+​
+
+[No shorts allowed, naked or otherwise](https://preview.redd.it/gym1w599i0l71.jpg?width=590&format=pjpg&auto=webp&s=f59aa23760fe2da537abde2882c3fb4b056e88fc)
+
+​
+
+The Transfer agent makes sure to check because...
+
+[number of shares registered should match the number of shares issued... how odd 🤔](https://preview.redd.it/j3jmt8xmi0l71.jpg?width=711&format=pjpg&auto=webp&s=6e3f17541ba8b6e6a1aa265aa849ec8c661b044d)
+
+​
+
+And they better check because this rule comes with actual consequences
+
+​
+
+[Did someone say buy in?](https://preview.redd.it/ay24w5igi0l71.jpg?width=690&format=pjpg&auto=webp&s=f6abd31887532a2d8e9b72b3a94e415b6e1c3d21)
+
+Anyways.... I talk too much...
+
+​
+
+[Well most of them ... at least](https://preview.redd.it/8t6koky9n0l71.png?width=926&format=png&auto=webp&s=d5e12283130923a01d93f2bb7dfba5669bbc87f5)
+
+I hope this helps you visualize the differences in the processes of a transfer agent buying and a broker buying.  A similar process occurs with the transfer of securities from a broker except it skips the market altogether and goes straight to the FAST system pull.
+
+**TLDR: When you hodl shares in a brokerage, they "entitle" shares to your account but Computershare, as GME's transfer agent, pulls shares directly from the DTC account, skipping the Tom Foolery (or is it Foolery Tom?) completely... but with pictures.  Just look at the pictures.**
+
+I just like the stonk!
+
+Ape no fight Ape, please be gentle, 🤗💎👐♾🚀
+
+Also, thank you to all you apes looking out for each other and keeping all these facts straight.  This is confusing business and I love seeing you Apes help Apes😍
+
+>**FUD Patrol:**  
+>  
+>I am not suggesting that anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** **This is not urgent!** Take your time and think it through.  
+>  
+>Also, recently there have been a lot of impassioned apes posting about Computershare.  I am happy the message is getting out there but there were some apes concerned about the "sudden" influx.  I think it seemed "sudden" because it takes a while to register shares and there has only been enough apes registered, recently, to finally make it through to the general ape conciousness.  I will admit that this influx made me go back over my research again with a fine toothed comb, and I had others looking at it too, to see if there was anything I missed, but the truth is, all around, this is a very safe method for **forever♾holding shares**.  **Not the best for selling**, although you can sell through them or transfer back to a broker to sell.  If you have specific concerns, please feel free to discuss them with me in the comments (I am afraid of direct messaging👀)
+
+​
+
+Sources:
+
+Thank you to u/bobsmith808 for wrinkly research and u/BluPrince for finding my initial source for this information. And to the pink lady in the wild sub who has done a lot of research on this topic too! Great sticky post over there, if you are interested.
+
+and u/half-dane for "fraudket"
+
+Transfer agent SEC doc (chart source)
+
+[https://www.sec.gov/rules/concept/2015/34-76743.pdf](https://www.sec.gov/rules/concept/2015/34-76743.pdf)
+
+Transfer agent computershare doc (easier read)
+
+[https://www.computershare.com/us/Documents/TA\_Overview\_WhitePaper.pdf](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf)
+
+rules for transfer agents (not for the faint of heart, but have at it!)
+
+[https://www.sec.gov/divisions/marketreg/mrtransfer.shtml](https://www.sec.gov/divisions/marketreg/mrtransfer.shtml)
+Just got a text from friend that works for Caterpillar in Peoria. Told me there are a ton of LEO's and State police executing a search warrant.
+
+Anyone else know what's up? I see the stock has already taken a huge punch.
+Property is a good investment if the land becomes more and more valuable over time. For many cities, this is the case because of population growth through birth and immigration. There is an area where there is significant economic activity and so there is a value in being near this area. So this means people are willing to pay money to secure land close to the city, and more people entering creates even more value, and so on and so forth.
+
+However, economic activity occuring in geographic space is now being threatened by economic activity occuring in virtual space. "Land" in virtual space is unlimited and almost free (except for server costs, etc). Whereas in the past we needed a physical market to trade good and services, nowadays this trading can occur over Amazon, eBay or similar platforms.
+
+This highlights the benefit of low cost globally diversified index funds over property investing. Property investing is like owning one stock. If you own eg Ford, you are at risk of being a victim of innovation because of electric cars or hydrogen cars. Value moves from Ford to companies like Tesla. However if you hold a globally diversified set of indexes, the holdings adjust according to market capitalisation. If value moves from Ford to Tesla, the index fund will hold more Tesla rather than Ford. Likewise if property is being disrupted by online platforms, the value will move from land to tech stocks. A globally diversified set of indexes will capture this, but one property investment will not capture this.
+
+Of course, people need to live somewhere, and so there will be value in land, but you only need to look at property in rural areas to see that land is cheap. You can buy a house for $100k in the country town of Minyip in Victoria, and the value does not go up. What gives property value in high growth areas like Melbourne and Sydney is being close to general economic activity eg jobs, knowledge etc, but as more of that is moving online, the need for property close to cities diminishes.
+I don’t see this enough. If you don’t have any health issues outside your control the best thing you can do is eat right, excercise, and gosh darn it brush and floss your teeth daily! 
+
+
+I started investing a few years ago, and I basically saved almost all my income towards it in order to save as much money as possible. I've always considered this money as my retirement. Even though I don't have a particular plan for retirement in the FIRE movement sense, I wanted to make sure that I had a safety net.
+
+Fast-forward a few years, I'm about to buy a house in the next year or two with my partner. For the type of house we want and the location of it, the house will likely cost around 250k. Until we can get the house, we are living with my partner's parents. Our ability to get a loan is rather limited. 2021 will be my first year of taxable income for both me and my GF. So this is an unusually expensive house that we need a loan for without us really being loan-friendly in the eyes of banks. 
+
+Through my savings that I accumulated through all these years, I have around 70k, mostly in ETFs. I also have 25k in cash (not invested for the purpose of the house, I don't have more because I expected to get a house once I was older). My GF has no relevant savings. I can save around 2k per month. So if I wanted to save the 70k invested and save that from scratch, it would take me 3 years. 
+
+My current dilemma is that if I should wait to save more money in order to get the house while still living with my partner's parents, or if I should sell most of my investments now so that I can get the house now.
+
+I don't want to sell my investments because 1) taxes and ruining compound growth and 2) I've always considered this my safety net which I can fall upon anytime if something goes wrong. I've worked very hard for it and not having it makes me very uneasy.
+
+But at the same time, me and my partner really want to get our own house soon (we've already been living under her parents for 2 years), and I feel a bit stupid that I have a bunch of money that I can use to get the house much sooner but I don't. 
+
+Any insight is appreciated!
+
+Edit: I've addressed the issue of my GF not having any savings below. However, it's also worth mentioning that I've lived under her parent's place rent-free (and to some extend even "food-free") for around 2 years, which obviously contributed to the amount of savings I was able to accumulate.
+Hello, everyone 
+I need some advice on investment 
+This is my first time doing investment. I want to invest my 1000 that I have saved from my lunch money. Please give suggestions and how can I trade in phone.
+
+
+Thank you
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban.
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Hi r/CryptoCurrency \- thanks for having us today.
+
+Accounts you can expect to see in this thread:
+
+* /u/cpzhao \- that's CZ! If you don't know CZ, he's the CEO of Binance. 
+* /u/Binance \- that's us, Binance!
+
+CZ will be here answering questions at **1:30pm UTC** for around an hour. Please feel free to submit your questions in advance. We'll do our best to get to as many of them as possible and to cover a diverse range of topics.
+
+Since we've got your attention, here are some recent Binance updates that you should know about:
+
+* [Binance is Now a Fully Regulated Digital Asset Service Provider in France](https://www.binance.com/en/blog/markets/binance-is-now-a-fully-regulated-digital-asset-service-provider-in-france-421499824684903809?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial)
+* [Binance Awarded Specialist License By Dubai’s Virtual Asset Regulatory Authority](https://www.binance.com/en/blog/ecosystem/binance-awarded-specialist-license-by-dubais-virtual-asset-regulatory-authority-421499824684903580?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial)
+* [Binance awarded Crypto-Asset service provider license in the Kingdom of Bahrain](https://www.binance.com/en/blog/ecosystem/binance-awarded-cryptoasset-service-provider-license-in-the-kingdom-of-bahrain-421499824684903563?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial)
+* **REMINDER** \- [BUSD is one of the only fully regulated, licensed, and fiat-backed stablecoins available.](https://www.binance.com/en/blog/ecosystem/binance-widens-access-to-its-regulated-licensed-and-fiatbacked-busd-stablecoin-421499824684903861?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial)
+* [CZ’s FAQ 8 - On LUNA/UST and Taking the Right Risks](https://www.binance.com/en/blog/leadership/czs-faq-8--on-lunaust-and-taking-the-right-risks-421499824684903883?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial)
+As the title suggests. Do you guy just invest and not bother looking for half a year. As although I'm not worried about my investment and its for long term I wlstill check my S&S every day.
+
+
+I check my bank often even though I know what money it in there.
+
+
+I am constantly looking online at ways to save and advice and such.... But it does kinda stress me out.
+[CoinTelegraph](https://cointelegraph.com/news/sbf-tried-to-destabilize-crypto-market-to-save-ftx-report) published an article about CZ confronting SBF in a Signal group chat. The messages occurred on November 10, which is the night FTX went to hell.
+
+CZ reportedly told SBF to 'stop trying to depeg stablecoins'. The stablecoin in question was Tether. CZ accused Alameda Research (FTX's hedge fund) of trying to destablize USDT with a $250k trade (such a weak amount lol). 
+
+And according to the [New York Times,](https://www.nytimes.com/2022/12/09/technology/ftx-text-messages.html) SBF met with a high-level corporate Tether official in the Bahamas before he struck a deal with Binance. The objective of that conversation was to ask for billions in funding to save FTX.
+
+How does this keep getting worse?
+Guten Morgen to all of you Great Apes around the world! 👋🦍
+
+It certainly seems like the RRP has found a new floor, and is going to remain above $1T for the foreseeable future. Similarly, GME's floor continues to rise as Apes HODL with Diamantenhände. While volume was up a bit from Wednesday's record low, it was great to see such a boost from relatively little volume! It is clear that Apes continue to buy and HODL, and that the short hedge funds are losing what little control they thought they had over the price.
+
+Today closes out another week in the MOASS saga. It is Friday, August 13th, and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟥 120 minutes in: **$161.72 / 137,76 €**  *(volume: 937)*
+- 🟥 115 minutes in: $162.20 / 138,18 €  *(volume: 925)*
+- ⬜ 110 minutes in: $162.50 / 138,43 €  *(volume: 925)*
+- 🟥 105 minutes in: $162.50 / 138,43 €  *(volume: 872)*
+- 🟩 100 minutes in: $162.59 / 138,50 €  *(volume: 770)*
+- 🟥 95 minutes in: $162.50 / 138,43 €  *(volume: 635)*
+- 🟥 90 minutes in: $162.51 / 138,44 €  *(volume: 631)*
+- ⬜ 85 minutes in: $162.56 / 138,47 €  *(volume: 621)*
+- 🟥 80 minutes in: $162.56 / 138,47 €  *(volume: 616)*
+- 🟥 75 minutes in: $162.83 / 138,71 €  *(volume: 616)*
+- 🟩 70 minutes in: $163.20 / 139,02 €  *(volume: 601)*
+- 🟩 65 minutes in: $161.50 / 137,57 €  *(volume: 521)*
+- ⬜ 60 minutes in: $161.44 / 137,53 €  *(volume: 512)*
+- 🟥 55 minutes in: $161.44 / 137,53 €  *(volume: 493)*
+- 🟩 50 minutes in: $161.46 / 137,54 €  *(volume: 493)*
+- 🟩 45 minutes in: $161.44 / 137,53 €  *(volume: 475)*
+- 🟥 40 minutes in: $161.41 / 137,50 €  *(volume: 448)*
+- ⬜ 35 minutes in: $161.44 / 137,53 €  *(volume: 416)*
+- 🟥 30 minutes in: $161.44 / 137,53 €  *(volume: 414)*
+- 🟥 25 minutes in: $161.50 / 137,58 €  *(volume: 414)*
+- ⬜ 20 minutes in: $161.53 / 137,60 €  *(volume: 401)*
+- 🟥 15 minutes in: $161.53 / 137,60 €  *(volume: 401)*
+- ⬜ 10 minutes in: $161.56 / 137,62 €  *(volume: 225)*
+- 🟥 5 minutes in: $161.56 / 137,62 €  *(volume: 211)*
+- 🟥 0 minutes in: $161.57 / 137,64 €  *(volume: 88)*
+- 🟩 US close price: $162.35 / 138,30 €   *($162.00 / 138,00 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1739. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+With the rapid rise of ETH and BTC stabilizing over the past few hours - BTC has just fallen below 50% dominance for the first time since July 2018.
+
+One of the main reasons we look at Bitcoin Dominance is because it can help us understand if altcoins are in a downtrend or uptrend against BTC.
+
+1. When BTC Dominance increases, alts on the whole lose BTC value.
+2. When BTC Dominance decreases, alts on the whole gain BTC value.
+
+In the past, declines in this indicator marked subsequent “altcoin seasons.” 
+
+Could be a bullish few weeks for alts ahead!
+They say time in the market is better than timing the market.  For me I find I do better trading but that will not apply to everyone.  On days like today the seemingly randomness of some of these bounces can make the casual investor dumbfounded and upset if they are on the sidelines.  I’m looking at Teck.B and Air Canada that were up over 11% today.  One could speculate – more news about Canada/Ontario slowly opening up economies is flooding articles giving people optimism that maybe air travel will be sooner than expected.  SPY started out strong today and both of those names were laggards so maybe they got the bounce.  Honestly, I don’t really care the reason behind why, I just care that they did and what it means next.  That’s basically my trading style.  You will go crazy trying to figure out the why’s of day to day movement but in the ending, the stock market is irrational.  You have investors with different views, risk tolerances, valuations, etc.  No point in trying to make sense out of the illogical, just go with it.
+
+What I found interesting was the number of people who during the trading day commented on my post yesterday asking me if now’s the time to enter Air Canada.  To those people I say, you need to establish your own game plan, timelines, investing strategy.  Are you a trader?  Are you an investor?  What is your timeline?  What is your risk tolerance?  If you are a long term investor, why would today be better than yesterday?  Will it matter if you are holding for 3-5 years?  These are the questions you need to figure out.
+
+As for my day, [one trade, sold on open](https://imgur.com/a/yugkzsj) to lock in 4.5% profit in the equivalent of 1.5 trading days.  Everything else was so tight and boring I didn’t see another entry I liked.  This is when experience comes into play.  Not going to FOMO on these huge bounces, not going to be upset that I left money on the table with VET.  Move on to the next name, watch for the trade, and don’t force it.  Looks like SPY was dumping at EOD so tomorrow open will be interesting.  Sitting all cash in trading portfolio right now.
+
+**Energy and Oil Companies** - MEG Energy Corp, Crescent Point Energy, Cenovus Energy, CDN Natural Resources, Suncor Energy, Enbridge, Teck Resources Limited, Husky Energy
+
+Oil had some wild swings today ranging from 5% up to 10% down.  I’m seeing mostly green on these names.  Oil futures were mixed bag up and down but most short term still mid-$20 range and later is $30.  I don’t doubt that short term the news about States, Canada, and provinces slowly re-opening is helping the markets and these names in particular.  As noted in intro, Teck.B had a crazy day.  Increasing bull volume, broke a triple top hourly resistance and it was off to the races.  I always pull out to [the daily chart for perspective](https://www.tradingview.com/x/u25bqY3g/).  Sure it was a nice day but we got back to the same price as April 17th and haven’t changed weekly trend.  So it’s a nice, somewhat random day but that’s all it is for me.
+
+**Gold Miners** -  Kirkland Lake Gold, Kinross Gold, Barrick Gold, Eldorado Gold, IAMGOLD, B2Gold, Yamana Gold, OceanGold.
+
+Both things that I thought hold true.  Gold Miners needed some short term consolidation and they can still stay within distance to break their highs.  Gold was red, SPY flopped back and forth between red and green and gold miners got another slight pullback, very minimal after their huge bounces.  Charts still say bullish overall but I’ll keep watching to see if anything changes.
+
+**Marijuana Stocks** - Canopy, Aphria, Aurora, HEXO, Organigram. Cronos, and some US MSO’s.  
+
+How quickly you can go from a bullish correlation with SPY to a bearish.  [Here](https://www.tradingview.com/x/5T8pmZTd/) is the overlay between WEED and SPY yesterday and [Here]( https://www.tradingview.com/x/bxvFR71W/) it is today.  Same general pattern but the size of the bounce/pullback is always interesting to see.  Way more bullish yesterday and more bearish today.  Still just a minor pullback compared to bounce yesterday.
+
+**Banks** - BMO, RBC, Scotiabank, CIBC, Manulife, TD
+
+Yesterday I said I would just be watching SPY/global markets for direction.  SPY green early and TSX strong all day, bullish correlation, and a good day.  Short term bullish as we head towards the test of the right shoulder.
+
+**REITS** - So I am new to this sector so it will take me a while to get up to speed how these trade.  HR.UN up 6% and looks like we had a volume climax a couple days ago so that explains short term strength.  BPY.UN same sort of pattern, putting some distance from our recent lows.  Actually have a graph similar to the energy names I should yesterday, that [kind of S looking formation]( https://www.tradingview.com/x/mVSGH0Xn/) which is basically just a tightening equilibrium.  
+
+**Air Canada** - Nice day if you were holding and/or bought the break of resistances.  Again, don’t care why it moved, just the fact that it did.  Still, go back to daily for perspective.  $22 on tap.  If we test and reject, today will probably just a nice blip in the radar.
+
+**Blackberry** - We opened above our short term resistances which is a false break.  We immediately sold off and couldn’t get back above $6 with any strength all day.  Unless I were to see some significant volume and follow through, it is still range bound.
+I'm £15k in debt but in a job that is around £40k a year salary. I have been telling my doctor for years about this, and have been on a waiting list for some addiction counselling but haven't heard anything in several months.
+I'm not sure what's more incredible; the trillion volume glitches or the $56k bid-ask spread on $GME.
+
+Here's the data:
+
+4/7/2021 **4:00:02 PM** EDT177.97USD-3.539%(-6.53)4,694,979
+
+**Pre-market** 4/7/2021 9:29:22 AM EDT183.37USD-0.612% (-1.13)
+
+173.00Bid 55999.00Ask 55826.00Spread IEX
+
+Confirmed by another user:" Yes, if I’m correct I made this print screen on 3:27pm new york time. Apparently there are no sellers..."
+
+Source: [https://chartexchange.com/symbol/nyse-gme/](https://chartexchange.com/symbol/nyse-gme/)
+
+What does it mean when there's a wide bid-ask spread? It means the difference between the price you can buy a stock from the price which you can sell it. In my view, this is one marker of volatility, which is why IV rose today. When these spreads widen, the stock can also experience sudden changes in price action.
+
+**So at a certain point in time today, the highest price someone was willing to pay was $173. The lowest someone was willing to sell was $55,999. That's incredible.** 
+
+​
+The info is coming from a CNBC article, which can be sensational in their headlines, but there is some real concrete data revealed that make me wonder if this is real, what the reasons are for this, and if this is part of a forming trend?
+
+"In the past, California, one of the largest housing markets in the nation, has been a predictor for the rest of the country. Home prices have been rising everywhere, amid a critical housing shortage. Prices usually lag sales by several months, and sales are beginning to crumble, even as more inventory comes on the market. The supply of homes for sale increased annually in June for the first time in three years, according to the National Association of Realtors, but sales fell for the third straight month"
+
+
+https://www.cnbc.com/2018/07/24/southern-california-home-sales-crash-a-warning-sign-to-the-nation.html
+I've mentioned this in a couple of threads but wanted to share it explicitly as it came as a surprise to me when I found out earlier this year. Many people are probably not aware of the fact that it's often possible to overpay way more than the 'usual' 10% per-annum, without penalty.
+
+Earlier this year I called my lender to clarify the exact amounts I could over-pay, as I didn't want to fall foul of overpayment limits, and either have my monthly payments reduced (thereby paying down the capital less quickly) or incur a fee.
+
+I was slightly flabberghasted when I was told that my current Barclays mortgage allows me to pay up to three times my monthly payment amount, every month, without penalty. Better still, the over-paid funds are considered an 'offset', which means that should I get into financial difficulty in future, I can consider these 'advance payments' like an offset, and use them to get a reduced payment or payment holiday until I've 'used them up'. Note that my mortgage isn't an 'offset' type mortgage at all, it's a normal repayment loan.
+
+What this means in practice is that if you have (say) a £250k mortgage, with payments of approx £1500pcm, you could actually pay a smidge under £4.5k per month, *every month* without penalty. This means you could actually pay around £54k into the mortgage in a single year, without any penalty. The key is that as long as you don't exceed the 3-times-monthly-payment, the lender won't reduce the monthly payment amount - which means they only count as 'extra' payments, and don't count towards the usual 10% overpayment limit.
+
+I was so surprised, I called my lender back again on a second occasion to validate this (knowing that calls are recorded). I also discussed this with a friend - who found the same thing with his (non-Barclays) mortgage. It turns out it's pretty common.
+
+So if you have spare cash, and want to significantly overpay, look into this - if your lender allows it (which by all accounts many/most do) you could pay down the mortgage much more quickly than you think, without any penalties/fees. Probably worth checking explicitly with your lender to be sure though!
+
+Edit: a few people are pointing out that overpaying might not be the most efficient use of cash given inflation and investment returns at the moment. That is potentially true, but it all depends on your risk profile etc. My goal is to be debt free in the next 2-3 years, and I want zero capital risk. Others might have different strategies. The point of the post is to allow people to check the T&Cs of the their overpayment process, not to suggest people use all their cash to overpay.
+
+Edit 2: Official page that explains this policy. https://www.barclays.co.uk/mortgages/existing-customer-centre/overpayment-underpayment-explained/
+Just wondering if anyone else can beat this - or can work out anyway to get round it.
+
+We get child tax credits, and because we have 4, and one of the kids has a severe disability our award entitlement is quite large. The tapering of tax credits only ends at household earnings of 60k.
+
+So, from £50-60k I pay:
+
+* 40% income tax
+* 3.25% NI
+* We lose 33p in child benefit per £1 thanks to the HICBC
+* We lose 41p in child tax credits per £1 due to the taper
+
+Add that up and you get to an effective marginal rate of 117.25%. 
+
+I.e. we are better off as a household by £1172.50 if I keep my earnings at 50k, rather than 60k!
+
+I make use of pensions and any form of salary sacrifice I can get my hands on and with that I can bring down my PAYE below 50k - but still - it's extraordinary. Can anyone (sadly) beat it?
+Hi there amazing people,
+
+I know your time is valuable so I’ll cut to the chase. I’m investing locally in northern NJ so homes are very expensive, but it’s a market I’m most familiar with. In September I bought a 4 bed 2 bath multi-family for $390k, and I put 20% down (~$78k). It appraised for $420k under contract. Projected net profit comes to about $500/mo fully rented out. 
+
+I spent about ~$10,000 on relatively light renovations for the walls, floors, and windows (60% contracted, 40% sweat equity). I’m planning to have the second unit ready for tenants by spring. I inherited tenants on the first floor unit and they are great. 
+
+My worry is that I actually won’t have enough equity in the property to recoup most of my capital back to buy the next one anytime soon. I was too excited thinking that I could be getting a house at a $30,000 discount, and I was eager to start applying my knowledge asap. But in reality $390k is only perhaps about 93% of the appraised value of $420k (before my upgrades). 
+
+What do you guys think are my options at this point? Is refinancing still possible by the time spring comes? How much will it hurt my cash flow on refinance? Thanks in advance!
+I have been selling puts in the market for about 5 months now even before discovering this forum and been in the stock market little over a year and witnessed what people have described as 2 black swan events.
+
+I had been selling puts in BB (and other high IV stocks) for the past 2-3 weeks. Now what happened in the past week is some of the most blatant stock market manipulative tactics that could possibly be conceived apart from holding people at gunpoint. Forced margin liquidation, limiting buys across multiple brokers, bot/forum/media disinformation and only allowing selling caused the prices of about 10 stocks to fall dramatically by 30 - 50%, with many others falling by some small percentage on that day.
+
+I personally saw my BB puts decimated and was left with a significant financial loss in a few hours. I sold my put spreads and was stopped out (stop losses triggered at 250%) of the majority of my CSP's and on friday decided to take delivery of some that were DEEP ITM.
+
+Of course the value of the stock went down further.
+
+Today TDameritrade has barred me from even selling CC's on BB stock that I was assigned saying that they are hard to borrow. How is this possible to make up the rules as you go along?! Obviously this will also cause the price of the stock to fall. How can the rules be changed overnight with no warning?
+
+Now many persons especially in this forum and investing forums seem oblivious or unempathetic to the situations of many individuals who have been subjected to significant losses because of a variety of reasons (meme stocks, moral superiority, small numbers of persons with large gains in GME, no skin in the game/didn't happen to me so whatever etc.) which I find extremely distasteful.
+
+I am not naïve, and know that market manipulation is done daily by market makers behind the scenes. The point is that if obvious collusion to artificially drive down prices for whatever reason is allowed to happen, how can you really have faith in the market and price action when the rules only exist to be broken by the large players.
+
+Even in the lottery or gambling, the rules exist and all participants have to abide by them. This narrative of "rogue" WSB traders creating havoc because they bought 30 shares of GME being spun is false on so many levels and exist only to preserve the hegemony if there are any investigations or consequences.
+
+I want to know how other theta traders have been affected by these events regarding not only your trading balance and emotions, but future theta trading strategies as well.
+
+TL;DR - knowing my investment products can be obliterated by coordinated effort and unnatural/artificial price action has given me serious cognitive dissonance regarding the stock market.
+I have been selling puts in the market for about 5 months now even before discovering this forum and been in the stock market little over a year and witnessed what people have described as 2 black swan events.
+
+I had been selling puts in BB (and other high IV stocks) for the past 2-3 weeks. Now what happened in the past week is some of the most blatant stock market manipulative tactics that could possibly be conceived apart from holding people at gunpoint. Forced margin liquidation, limiting buys across multiple brokers, bot/forum/media disinformation and only allowing selling caused the prices of about 10 stocks to fall dramatically by 30 - 50%, with many others falling by some small percentage on that day.
+
+I personally saw my BB puts decimated and was left with a significant financial loss in a few hours. I sold my put spreads and was stopped out (stop losses triggered at 250%) of the majority of my CSP's and on friday decided to take delivery of some that were DEEP ITM.
+
+Of course the value of the stock went down further.
+
+Today TDameritrade has barred me from even selling CC's on BB stock that I was assigned saying that they are hard to borrow. How is this possible to make up the rules as you go along?! Obviously this will also cause the price of the stock to fall. How can the rules be changed overnight with no warning?
+
+Now many persons especially in this forum and investing forums seem oblivious or unempathetic to the situations of many individuals who have been subjected to significant losses because of a variety of reasons (meme stocks, moral superiority, small numbers of persons with large gains in GME, no skin in the game/didn't happen to me so whatever etc.) which I find extremely distasteful.
+
+I am not naïve, and know that market manipulation is done daily by market makers behind the scenes. The point is that if obvious collusion to artificially drive down prices for whatever reason is allowed to happen, how can you really have faith in the market and price action when the rules only exist to be broken by the large players.
+
+Even in the lottery or gambling, the rules exist and all participants have to abide by them. This narrative of "rogue" WSB traders creating havoc because they bought 30 shares of GME being spun is false on so many levels and exist only to preserve the hegemony if there are any investigations or consequences.
+
+I want to know how other theta traders have been affected by these events regarding not only your trading balance and emotions, but future theta trading strategies as well.
+
+TL;DR - knowing my investment products can be obliterated by coordinated effort and unnatural/artificial price action has given me serious cognitive dissonance regarding the stock market.
+I see a lot of people here are either doing CSP or CC. why is it not a good idea to do put/call credit spreads instead of CSP or CC. The advantage here is that you limit the risk on the downside. I made the following 3 trades on last Friday
+
+1. Sold TSLA 1095/1100 Call credit spread for $80 with $500 collateral
+2. Sold LUCID 44/45 put credit spread for $26 with $100 collateral
+3. sold SPY 445/450 put credit spread for $77 with $500 collateral
+
+I was successful in the first two trades but my broker closed my SPY position at a loss citing pin risk as this was on a expiry day. Even then, I felt selling spreads was a much better strategy if income is the main reason rather than trying to hold shares if things went wrong.
+
+Am I missing something here ?
+And Apes Hold!!!!
+
+There is also a huge difference since then. Apes have nowadays a deeper knowledge (DDs) of what is going on and the most important thing is that now DRS is in progress too.
+
+The cheaper they drop the price, the faster apes can buy and lock the float. So keep Zen.
+
+"If the reason why you bought didn't change. Why sell?" Cuban Dixit.
+
+Disclaimer: This is no financial advise but, in my case, I keep holding and DRSing.
+
+Take care.
+Pretend 25 years into the future you plan on retiring tomorrow. Presumably the value of XEQT will be ~~$35~40+~~ *edit-higher for each share (~24 ish right now). Basically you would sell all the shares for hopefully a nice profit. Would you then just transfer your now liquid cash into your chequeing from your brokerage and your good to go ? 
+Few follow up questions 
+1. If the shares are sold from the TFSA which I feel most people will do. Everything is tax free so I just keep all my profit ? Is there anything I would need to worry about for taxes? Or claims for the yearly income tax report ? How much of my pure profit will I actually get to keep ?
+2. How would this differ if the investments are being withdrawn from the RRSP?
+
+TLDR; what realistically happens when you decide to sell all your XEQT shares and withdraw all your cash from both the TFSA and RRSP ?
+I must be missing something. What are the risks of putting the majority of my money in $QYLD? It looks like the strongest dividend return generator out there. Every month at the current price is a 1 percent dividend drop. That's a ceiling of 13 percent a year. I haven't seen that anywhere else. It looks pretty reliable since it has been around almost a decade. Only downside I can see is that Covid screwed it up big time, bringing it back down to levels early in its life. But to me that just screams buying opportunity. What else am I missing?
+https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-07-30/astra-earnings-beat-estimates-as-demand-persists-amid-pandemic
+
+"The British pharmaceutical giant cited growth in all of its regions, including China. The Asian superpower accounts for about one-fifth of the drugmaker’s sales."
+
+PM price gapped up 2.7% Arguably the best large cal pharma. Expected to continue double digit growth.
+Watching r/bitcoin during the madness, I noticed a handful of posts about people who had started businesses or given to charity with their winnings. The flip-side will be that many financially illiterate individuals will be suffering greatly now.
+
+How long does a speculative bubble need to last for the multiplier-accelerator effect to outweigh these costs?
+
+Let’s be charitable and work with the axiom that grossly financially illiterate people are just as valuable as the rest of us.
+Hi guys,
+
+So the UN has called on the central banks of the world to halt interest rate hikes to avoid a recession.
+
+Fed's Barkin says that "we must monitor the potential international impact of the dollar."
+
+What are we to make of this?
+
+Since when has the mandate been to monitor the potential international impact of the dollar?
+
+Thanks,
+
+Rick
+Those who went to do PhD straight from undergrad, how difficult was it to get accustomed to PhD without a master's degree? How big of a jump would it be to go to PhD straight from undergrad? How difficult would a PhD be if I went straight out of undergrad compared to completing a Master's and then going for PhD?
+How did so many companies manage to build cars successfully? It seems like the barrier to entry is exceptionally high and the initial players should have consumed most of the market share.
+
+Was there government intervention?
+>EPS: $1.40 vs. $0.99 est. 
+
+>Revenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-year 
+
+>iPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-year
+ 
+>Services revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over year 
+
+>Other Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-year 
+
+>Mac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-year 
+
+>iPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-year 
+
+>Gross margin: 42.5% vs. 39.8% estimated
+
+https://www.cnbc.com/2021/04/28/apple-aapl-earnings-q2-2021.html
+
+Other things to note, dividend  is rising as expected to $0.22 per share (7% increase). They also announced $90billion in share buy backs.
+1. When your trading and are in a groove keep going. Don't think about your profit don't think about placing a loosing trade. Just keep going. If at anytime you start feeling nervous about ruining your profits take a break or jump into practice. 
+
+2. If things start looking to good to be true, your seeing the movement. Not if its 1 trade but if your noticing your edge come up frequently and think to your self, it can't be that easy. It can. The market doesn't choose how its going to present it self it just does. 
+
+3. If you have 1 loosing trade take a break. The chances that your seeing wrong is high. You need a mental reset jump in sim mode and play around. No need to go haywire and ruin all of your hard work. The probabilities that you will loose 3 -4 in a row is very high at this point. 1 hour can be enough and only you will know when its time to jump back in. 
+
+4. Don't be fooled by your self. You need to have a reason every trade that you take. It can be something small like an ema, momentum, support / resistance, liquidity zones, whale spotted, etc any one of those things can be sufficient to place a winning trade. The market doesn't like to give you to much to base a trade on. But you atleast need to have something that you can explain to someone else after, on why you took a trade. 
+
+5. Find a trading buddy. Trading with 2 heads is better than one. When 2 people are seeing the same thing chances of a winning trade is much higher. This is harder then it sounds because everyone analyzes the market differently but a big percentage of the time if your both noticing something that is a clear edge. 
+
+6. Take what the market gives you, stop swinging for the fence. The market is designed to get in and out quickly and you can follow your plan taking 6 trades over 1 and this puts your probability at a higher rate and gives you the same exposure. 
+
+7. Trade with your eyes not your mind. It should be automatic after a while where your saying its going down. Its going up. You dont even know how or why because your analyzing things your not thinking about. Next time you get in this pattern (mostly when your in a trade). Follow your instincts and play the market. Don't get trapped in trading an idea. This is how you loose money 60% or more of the time. I hear you thinking now "but I predicted it on this good trade". Yea But your pnl is negative over the month. So your not playing this game the way it was designed to be played. 
+
+
+Just some math from working with a few different traders over the years. These are patterns we all fall victim to and learning them can help dramatically with pnl.
+Serious question. The absolute majority of borrowers are not in financial difficulty, its violently popular on this sub to forecast an impending crisis. Yet there is very little to suggest there will be.
+Teacher in IL retirement planning
+
+I’m a 27 yr old teacher in IL. We do not contribute to social security but we have a pension through the Teacher Retirement System. I technically cannot retire with a full pension until 67, but can retire with a penalty at 62. I have a Roth IRA that I’ve maxed out since I started teaching at 23. Should I be doing more to contribute to my retirement? Looking for advice from other teachers who are retirement planning.
+Over a month ago I submitted two refund forms for two transactions (return flights - cheaper to do individually then together). Using their form, I request for a refund back onto the original card. I got the same emails as previous posts (3 of them), but today received an email with no subject like saying [this.](https://imgur.com/NYNBYWB)
+
+
+I click the link and go to [this site](https://www.ryanair.com/ie/en/useful-info/refund-voucher), scroll to the bottom and open the chat. I speak to a bot, say 'live chat', wait 5 minutes and connect to someone. They say "If you wish, I can request the refund to be monetary instead of a voucher but that means that the refund request has to be processed again which can take weeks. Would you like me to request the monetary refund?" and "The reason why you received a voucher is because there has been some issue with every booking which was paid via PayPal."
+
+
+I tell them to check my other booking (which I haven't received a voucher email for yet) and she said "As I can see the payment for that booking was not made via PayPal so for that, you will receive the refund to the bank card without any issue in 28 working days from the date you submitted the claim." 
+
+
+I then told her both payments were made on the same bank card and she says "I just checked, yours was made via card as well and not via PayPal. This is the first case which I came across with this refund type" and then "In that case, please wait for the email for the other booking as well to see that the refund can be issued as monetary or as a voucher. Can I assist you with something else?".
+
+
+So I asked why are they issuing vouchers and I have proof I asked for it to be refunded to the card (screenshot of me doing the form) and she said "Unfortunately, I cannot tell you, as I mentioned, I only see accounts which has been paid via PayPal with this issue." and "It can be processed by tomorrow or by the next month, unfortunately I cannot tell you the exact time when it will be fully processed and because you did not receive an email with the voucher for that booking yet, I cannot change the refund type because it can happen that you can receive the refund to that one as a monetary refund."
+
+
+So I guess I now have to wait another "28 working days" for an actual refund and re-request my other booking to be a monetary refund when I eventually get the second email. Great.
+
+**Edit: This was just a sort of PSA post that RyanAir are doing strange things to hold onto money/refunds for longer or making it so difficult you just accept the voucher.**
+This can't be put off or delayed. Those old fucks in Washington are about to vote on Saturday which will set the course for the rest of your economic life. Call them today. Tomorrow will be too late. Do not procrastinate. We should come up with a date for a march on DC. I am sick of this shit.
+If I were competing to buy a house, I would want all the other buyers (specifically looking at the same house as me) to spend their money elsewhere, not drive up the price on the 1 house I want/need... Maybe I'd try to persuade them to look at these other houses outside of town, or maybe need some TLC, or maybe don't have the acreage, or less bedrooms.
+
+This is SUPERSTONK.  There is only 1 stonk here!! 
+So anyway I put in another buy order for GME through Computershare today.  Hopefully you dumb regards won't close any shorts to drive up the price on me before Thursday... 
+
+I guess there's like 6 other way better deals I'm totally missing out on today... 🤷‍♂️
+
+Edit: a word.
+Hey guys, so full transparency—I’m a financial advisor. I’m not here to sling anything to anybody, solicit my services or push any of my ideas on anyone. I’m actually here to learn a bit about how you guys think and operate as “research” for how to better deal with my real estate investor clients and those that I’m come across going forward.
+
+My question to you is:
+
+How do you save and plan to accumulate enough capital for down payments on your rental properties?
+
+Obviously if you save in cash, you’re losing out to inflation while you wait—not ideal.
+
+On the other hand, if you invest (with the real estate sector being a part of the overall market) the best time to purchase property is going to be when the market is down. And if your market correlated money is going to be down during the most opportune times for you to invest then that will nullify most, or all, of the outpacing you’ve done against inflation.
+
+This presents a problem either way you go, so I’m curious how you guys tackle this issue and how you weigh the pros and cons. I have some a strategy that I implement with my clients, but I’m here to see if there are better options out there and pick your brains on the best ways you have found to solve this problem.
+
+Thanks in advance!
+I have a house under contract set to close on/before March 31st. The current owner's 43yr old granddaughter is living in the property and has done quite a bit of damage. Somewhere along the lines of $20k-$30k.
+
+I offered her cash for keys but she doesn't seem interested in doing that. Since she does not have a signed lease can I just provide her 30 days notice to vacate once I take ownership?  Is it possible to do this before taking ownership.  The current owner does not want to deal with this and is one of the reasons why he's selling.
+
+I'd rather just pay her to leave as it's less hassle for all involved.
+
+Thoughts?
+I recently was recommended by a friend to look into renting to traveling nurses. He said he makes a killing buying SFH near hospitals, remodels, and then rents it out fully furnished room by room charging 600-800 a room. Has anyone else heard or have experience in this.
+Calm down... I didn't sell ALL my bitcoin. I just sold some of it to put towards closing costs. Still very sad because I really believe in BTC and don't want to sell any sats. But, the plus side is I now have a house!
+Guten Tag to this global band of Apes! 👋🦍
+
+Yesterday was further proof that the current price of GME is wrong, and that the SHFs continue to have the means to manipulate the price to satisfy their margin requirements. With no news or justification, GME's chart followed the steep decline of the electric car company. It seems clear that the SHFs are long on the latter, and as it tanked they weren't able to rely on that position to balance their margin requirements, and thus needed to drive GME down.
+
+The Apes weren't shaken. We didn't slow our DRS rate, or lose any faith in our investment. Our diamantenhände have been HODLing for nearly a year, during which we've endured far worse. We are ready to see this through.
+
+Today is Wednesday, November 10th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟩 120 minutes in: **$207.43 / 179,18 €**  *(volume: 880)*
+- 🟩 115 minutes in: $206.92 / 178,74 €  *(volume: 880)*
+- 🟥 110 minutes in: $206.85 / 178,68 €  *(volume: 852)*
+- ⬜ 105 minutes in: $206.90 / 178,71 €  *(volume: 845)*
+- 🟥 100 minutes in: $206.90 / 178,71 €  *(volume: 843)*
+- 🟩 95 minutes in: $208.60 / 180,19 €  *(volume: 833)*
+- 🟥 90 minutes in: $208.44 / 180,05 €  *(volume: 753)*
+- 🟩 85 minutes in: $208.60 / 180,19 €  *(volume: 723)*
+- 🟩 80 minutes in: $208.59 / 180,18 €  *(volume: 720)*
+- 🟥 75 minutes in: $208.57 / 180,16 €  *(volume: 716)*
+- 🟩 70 minutes in: $209.66 / 181,10 €  *(volume: 613)*
+- 🟩 65 minutes in: $207.33 / 179,09 €  *(volume: 551)*
+- ⬜ 60 minutes in: $206.69 / 178,54 €  *(volume: 477)*
+- 🟥 55 minutes in: $206.69 / 178,54 €  *(volume: 468)*
+- 🟩 50 minutes in: $206.85 / 178,68 €  *(volume: 465)*
+- 🟥 45 minutes in: $206.69 / 178,54 €  *(volume: 459)*
+- ⬜ 40 minutes in: $206.75 / 178,59 €  *(volume: 433)*
+- 🟩 35 minutes in: $206.75 / 178,59 €  *(volume: 422)*
+- 🟥 30 minutes in: $206.63 / 178,49 €  *(volume: 403)*
+- 🟩 25 minutes in: $206.69 / 178,54 €  *(volume: 395)*
+- 🟩 20 minutes in: $206.68 / 178,52 €  *(volume: 364)*
+- 🟩 15 minutes in: $206.53 / 178,40 €  *(volume: 360)*
+- 🟩 10 minutes in: $206.42 / 178,30 €  *(volume: 267)*
+- 🟩 5 minutes in: $206.10 / 178,02 €  *(volume: 226)*
+- 🟥 0 minutes in: $206.09 / 178,01 €  *(volume: 58)*
+- 🟥 US close price: $206.60 / 178,46 €   *($206.60 / 178,46 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1577. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+Reading about Bitcoin and how there is a fixed number of bitcoins available and a fixed number released yearly. This allows inflation to remain steady.
+
+Got me wondering what the point of printing money is in the first place?
+Okay, I was writing a rogerian argumentative essay for a college class on whether or not we should raise minimum wage. I spiraled into this convoluted solution to it and I wanted to see what you guys thought about it. I am by no means well-versed at economics at all so if it's the dumbest thing you've ever heard then by all means tear me to shreds. I just want to know if my solution is even plausible. Here it goes:
+
+I personally believe there is an actual solution to this prevalent problem in increasing our minimum wage, however, businesses may not like it. This is actually a very complicated solution with many parts that involves the cooperation between the government and businesses, small or large. The only ideal solution is a limit on product price increases by large companies. A law could be enacted that limits the price inflation of goods to be less than the increase on minimum wage. For example if minimum wage increased by 30%, prices of goods could only increase by 15-20%. This might appear like like we're giving the short end of the stick to big businesses, and in a way we are, but there is a solution to this problem as well. Large businesses could receive a compensation such as a taxation rate decrease, therefore having to pay less taxes. Although some of the higher ups will be making a little less money, I believe that taking a little from the 1% is worth helping thousands of Americans because we are a unified nation. Another problem that occurs is that small businesses are unable to pay for these increases in wages. A possible stipend from the government could be given out if you prove your business isn't the most financially stable, however you would need to go through a list of qualifications to prove you're a real business with potential. You may be asking yourself, where will we get the money to fund these stipends and possible tax deductions? Increased minimum wage means more tax money for the government to collect. Essentially the government will be cycling money into businesses and getting it back. They will be losing money for doing so, but the amount of people that will be benefited by it is similar to any other government funded plan that affects everyone, such as obamacare.
+Ok so their debt is very high. [https://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS?locations=JP-GB-U](https://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS?locations=JP-GB-US)S and they continue to have a very high quality of life.
+Much of the focus around inequality for millennials has been on negative gearing, house prices and stagnant wages, but one aspect that I think has been overlooked is long service leave reform. 
+
+In the current working culture, the idea of staying with the same company for more than 10 years is becoming far less likely. Even if you enjoy your role, in most cases the only way to earn market rate is to change jobs. 
+
+This means many younger workers will go their entire careers without ever qualifying for long service leave entitlements. 
+
+There are already examples of LSL entitlements for industries where it is unusual to remain with the same employer for more than 10 years. In these cases, entitlements are paid through a levy regardless of the current employer. 
+
+A good solution would be employers paying a small additional contribution to an employees super, then every 10 years you are eligible to withdraw the equivalent of 2 months wages from your super and take 2 months leave from your current employer.
+Someone suggested I crosspost this here: 
+
+Roof 20 years $7,000 $350/year $30/month
+
+A/C 10 years $7,000 $700/year $60/month
+
+Water heater 10 years $1200 $120/year $10/month
+
+Carpet 10 years $4,000 $400/year $35/month
+
+Floors wood refinished 20 years $2500 $125/year $10/month
+
+Washer 8 years $800 $100/year $10/month
+
+Dryer 10 years $900 $90/year $10/month
+
+Dish washer 10 years $1200 $120/year $10/month
+
+Fridge 10 years $3500 $350/year $30/month
+
+Microwave 10 years $450 $45/year $5/month 
+
+Stove 12 years $2000 $170/year $15/year
+
+Garbage disposal 10 years $100 $10/year $1/month
+
+Painting outside 7 years $3500 $500/year $45/month
+
+Fire extinguisher 5 years $50 $10/year $1/month
+
+Garage door 30 years $2300 $80/year $5/month
+
+Run gas to kitchen 12 years $1500 $125/year $10/month
+
+Run gas to washer/dryer 8 years $700 $90/month $10/month
+
+$300/month total                                                        
+
+Based on 1% rule with extra 0.2% per 10 years (0.002 per year) 
+26 years * 0.002 = 0.52% + 1% = 1.52% = 5,350 / 12 = 445 / month
+In my trading life, I have learned a few mistakes which most traders doing who are consistently losing even with the right analysis and approach. 
+
+1. A Lot size - Many new and even experienced forex traders always blowing up their accounts just because they are selecting a big lot size than their account size and that for earning quick money. If the account is $100 to $500 never select more than 0.01 lot on any trade, If you select bigger lot size then a small 20 pips move against your trade and your account blown within minutes. 
+
+2. Not able to decide entry and exit. Few traders with right analysis taking good entry but just because of the small move against them they cut short their running profit. And again they try to enter in the same direction at higher entry points and lose. Remember always keep your Profit Running and cut short your losses asap. In exit, if the market turns against you immediately cut short your loss rather than keep waiting for it to comes back in your favor. Keep a strategy when you enter and what condition you exit and follow it strictly. 
+
+3. Trading each and every candle with any market condition. This is the wrong approach, People keep trading every candle and also slow or no volume market too, Its a trader's psychology that they are feeling oh how can I sit idle? I should keep making money 24/7 and this greed just kills your account nothing else. Always wait for the right trading conditions for taking trades.
+Hi
+
+Apologies for the throwaway, and also if this isn't an appropriate post.
+
+I have a Banksy print that is worth about 20-25k. It was bought for £100 back in the mid 2000s and then kind of forgotten about, so it wasn't intended as an investment. After realising over the last couple of years that it was actually worth money, I'd imagined that I'd hang on to it as an investment.
+
+However, in order to get it insured, I had to get a valuation, and that came back as over £40k value - I don't really understand why, but it seems to be a thing with insuring art? So I'm paying £200 a year to insure it.
+
+Another big consideration is storage - I don't have anywhere ideal to keep it, and I'm worried about it getting damaged, or damp, etc.
+
+If I sold it and stuck the money into - say - a 2-year fixed savings account at 4%, I could earn £800 a year in interest.
+
+Thanks in advance for any and all advice!
+To preface all of this I'd really like to point out...
+
+# THIS DOES NOT CHANGE ANYTHING.
+
+The Proxy Statement was finally released today (if you couldn't see from the dozens of posts already) and on it, it listed something very specific in terms of the Record Date:
+
+https://preview.redd.it/lmaif1j0btu61.png?width=842&format=png&auto=webp&s=318f57640895f5a14711634fe9277974ff4b9283
+
+Yes, as of close of business on **April 15th, 2021**.
+
+Now people are freaking out because they either think they understand this, understand it incorrectly, or don't understand this at all. Here are the different views on this:
+
+\- The Record Date means as of April 15th, you must be the OWNER. Doesn't mean you had to recall it yet. You can recall up until 10 days before June 9th. >! FALSE.!<
+
+\- The Record Date means as of April 15th, you must BE THE HOLDER OF RECORD. If you lent out shares, you forfeited that power.  >!TRUE.!<
+
+​
+
+# Counter Arguments?
+
+1. Now people will probably counter and say "No, share owners have until 10-days BEFORE the meeting to recall shares. This is incorrect. This came from a very harsh misunderstanding (like really, did you even read?) of how soon the **RECORD DATE** could be placed. Yes, how soon you could ask for the shares to be accounted for is no more than 60 days **before the meeting**, but no less than 10 days. This is NOT about a recall. It is about the **RECORD DATE**. YES, I'VE BOLDED IT AGAIN. And what was the record date in the filing? **APRIL 15TH, 2021.**
+2. Another counter is that I'm wrong. "The record date is only to see who owns the stock before April 15th, but they must be recalled in order to vote." This isn't very logical because it argues against itself. How do you know if you own the stock? By recalling any lent out shares. [If you lent out shares, you forfeit your rights to vote.](https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp) Still not getting it? I'll just add the picture so you don't need to click the link.
+
+https://preview.redd.it/kt00zuycdtu61.png?width=1254&format=png&auto=webp&s=f34ae3ac861d291b2fa37446a38079b32420702d
+
+Yes, BlackRock did NOT vote in GME *last year* and chose to continue lending out their shares. Does it mean they will this year? Who knows. Does this mean they didn't recall their shares? Who. Knows. Does that mean they can still recall their shares? **Yes.** But not for voting purposes (please do let me know if their needs to be a valid reason per rules).
+
+​
+
+I'm writing this because too many people are downvoting people who are calling it correctly and attempting to educate us instead of letting people continue to babble in what's becoming an echo-chamber of misunderstanding and incorrect information. It's sad to see that people rather live in a fantasy world and be wrong, than face the truth and think of how we should move forward. I've said it in MANY of my posts in comments; **misinformation and false hype from a real ape is more dangerous than a shill. Shills are at least obvious**. Let's keep it civil and open ourselves to learn, whether its critical thinking, DD, or even googling for a tiny bit. Just like the stock, expect the worst and hope for the best. Considering an opposing thought or idea only better prepares you. You lose NOTHING by seeing things from someone else's perspective.
+
+​
+
+Does this mean bad news for us? Not at all. Sure, a *share recall* was something we were hoping for from BlackRock or some other big name. However, this doesn't change or delay the MOASS. If you need more confirmation bias, remind yourself that it's right in front of you. Paid shills. MSM posting shitty articles trying to push people away from GME. Price drops on good/great news. DFV, a man who could've ran away with 50m+ in gains QUADRUPLED DOWN. Again, the single most important DD out there is one word. **HODL.**
+
+​
+
+For more specific information, please refer to this post that has NOT gotten enough attention:
+
+[https://www.reddit.com/r/Superstonk/comments/mvnte3/clarification\_on\_voting\_rights\_blackrock\_share/](https://www.reddit.com/r/Superstonk/comments/mvnte3/clarification_on_voting_rights_blackrock_share/)
+
+​
+
+Also, apologize to this man:
+
+​
+
+https://preview.redd.it/jwgf6oaphtu61.png?width=1075&format=png&auto=webp&s=b07f6e862a2a320c013a54acb4f42ec401976ea7
+
+\-81? Poor guy was only speaking the truth. We're better than this.
+
+NFA, NAL, AMAPE.
+I told my friend about how I control my spending and they found it interesting, so I would like to share it here and see what you think.
+
+I have about 30k dollars in my bank account, which I treat as reserves/emergency cash. Sometimes when I want to buy something expensive (up to 10k) I would "take a loan" from this reserve, and aim to "pay it back" as soon as possible. 
+
+Now of course there is no practical reason to doing this, but it gives me mental pressure, making me feel like I am actually in debt, helping me cut back on spending until my "debt" is paid off. In the past few years I've done this it has worked wonderfully, preventing me from taking on actual debt. Understandably it sounds kinda stupid to others. What kind of frugality mental gymnastics have you applied in your own lives?
+Was just running through my calculations on the return I expect and realised that it's going to be considerably less due to the payment taking me over the tax threshold. 
+
+Main point is don't spend money before you have it! Make sure you factor your new tax obligations including the payment for whatever you wish to do with your money post-tax return.
+Real simple. Just call the loan office. 
+
+I posted a few days back asking questions about technicalities and if I was in danger of repo and truthfully the advice I got from the post was harsh (more to-the-point than anything) but tits-on accurate. I was in danger of repo and they were looking for me.
+
+However, I ended up having to pay less than I thought I would (less than half) along with a 30 breathing period that will pick up with regular payments. And I was 97 days past due. More than I thought.
+
+Now I can actually close my eyes at night instead having my heart race and me jumping to the window to see if I have to beg for my car not to get towed.
+
+Weight=lifted. Thanks reddit. 
+
+
+As background, I am a renter in a HCOL city. I’ve never owned a property and I am looking to purchase an investment property under an LLC. The site is a 10-unit apartment building in another state. 
+
+My question is: if I purchase an investment property using an LLC that I established, as the sole member. Will this disqualify me in the future from first time home buyers incentives, such as FHA loans, down payment assistance programs, and other grants for first time home owners? 
+
+Is paying cash vs. receiving a business loan a factor? 
+
+Are there benefits to buying as an individual or LLC while growing/starting your portfolio?
+
+Edit: in the next five years, I would like to purchase an investment property (owner-occupied) in my HCOL area, but not feasible until I increase my net worth. I fear purchasing an investment property first would negatively impact my eligibility for these programs.
+This is probably a rookie question but I am a rookie investor. I bought my first house in 2020, paid the down payment and closing costs in 2020 but the actual first monthly payment didn’t start until 2021. I am using 1-800 accountant for my taxes because I also run a small real estate photography side hustle and need help with that alongside my 9-5. My accountant claims that because the first monthly payment didn’t start in January 2021, nothing needs to be done with the house and taxes. It’s not that I don’t trust him, but fucking up my taxes scares the hell out of me and I would live multiple opinions. I am sure someone else here has had a similar experience. Any thoughts/advice?
+Good day, for my fellow apes, I myself have had struggles with mental health and what I can tell you is that some of the hardest times I've had with it were while or shortly after times in my life that I was making or had the most money I've had in my life.
+
+Fortunately I've never chosen to partake in drugs or alcohol (legit, nothing, family history taught me otherwise.) However I've often seen that money only acts as drivers to furthering and more serious addiction.
+
+I'll break from the typical narrative of guarantees of a moon landing given the context of this...
+
+If this thing takes off and you find yourself in a far better position financially or hopefully quite wealthy along with hiring; 
+
+-A tax lawyer
+-A financial advisor who acts as a fiduciary (financial advisor who is certified and whose primary duty is to protect you financially rather than just work as a salesman)
+-A CPA
+
+Also include seeing a mental health professional or seeking help in the case of addiction because otherwise money can tear your life apart.
+
+When it comes to mental health I believe that part of the reason so many celebrities suffer with mental health and addictions issues which can take their life is due to the fact that they can look at their life on paper and believe that their circumstances are better than they could have ever hoped for yet they're still incapable of being happy.
+
+When you feel this way and you can't attribute it to circumstance it is a very helpless feeling and can lead to the worst.
+
+On top of all of the above money can also be very isolating. You may lose a large portion of your support system of friends and family. You may find from a large number of them it becomes an ultimatum of either give us $xxxxx or we're not friends anymore.
+
+On top of that those who may be considered peers at this stage, other people with wealth are likely to look down upon us as still to them just being apes. While they may hold prestigious positions or come from money.
+
+So beyond the doom and gloom some things I intend to do that I'd suggest.
+
+-Go back to school, get a degree, perhaps in business or finance to help you better understand the position you're in and perhaps grow further if you choose
+
+-Hire a personal trainer and nutritionist, I became a gym rat for years, covid has gotten in the way but it greatly changes your outlook for the better
+
+-Invest your money wisely and safely
+
+I wish all my fellow ape brothers and sisters the best. Please, take care of yourselves and play this smart. There's a reason most lottery winners end up broke and why for many it utterly ruins their lives.
+
+Once you have the opportunity ensure you brains gain a few wrinkles.
+
+For myself, I just want to thank my fellow apes for the good times I've had thus far, the memes, the shens, the shtick and laughs. This has been a riot so far, I hope we can bring about some legitimate change and help break the choke hold and corruption that's grown within the financial and political world.
+
+💎🙌🦍🚀🌜
+**\*\*BACKGROUND\*\***
+
+**\*\*Introduction\*\***: This post is the final monthly update in an early\-retirement series. I will be posting twice yearly: once around June 6 \(retirement anniversary\) and once around January 1 \(end of year finances\). As these posts have become increasingly popular based on the number of views and comments, and as my desire to spend nearly an entire day on reddit has significantly waned, my responses might be limited. Please check comments and posts from previous posts to find answers to potential questions. I genuinely appreciate all of the positive comments, even though I no longer take the time to say so individually.
+
+**\*\*Model\*\***: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My max goal withdrawal rate is 3% of each year’s starting balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $2500 per month \($30k per year\) guardrail withdrawal until the market recovers. I realize that this is not the holy Trinity method, but consider these three factors that give us flexibility: a 3% withdrawal rate is below the 100% historically safe mark of 3.2% for fifty\-year portfolio survival, the extended bull market peaked us nearly 20% above the original target amount \(meaning that $30k annually is actually 2.5% instead of 3% if restarting from the peak\); and our actual withdrawal rate was averaging less than 2% of the original portfolio balance \(due to earning additional income\) when we received an unexpected $30k windfall \(meaning that our current withdrawal rate is actually negative\). The budgeted withdrawal amount is $2773 per month for 2018. In 2017, it was $2564 \($2618 adjusted for inflation\).
+
+**\*\*Career\*\***: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors \(1997\-2001\) and a doctorate \(2001\-2005\) before joining the workforce for nearly twelve years \(2005\-2017, entirely with CVS\). $150k in education costs were covered by academic scholarships \($25k\), employment during college \($20k\), prior savings from high school employment \($5k\), revenue from an eBay business while in college \($10k\), and massive help from my parents \($90k\). My salary plus compensation went from $115k in 2005 to $150k in 2017. My savings rate was about 70%.
+
+**\*\*Finances\*\***: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX \(total US stock market\) / 20% VFWAX \(total INTL stock market\) / 20% VWLUX \(US municipal bonds\). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income \(future employment?\), social security \($10k/yr?\), inheritance \($500k?\), house equity \(no heirs?\), universal health care \(probable?\), or universal basic income \(possible?\). The final balance will be left to charities and worthy causes.
+
+**\*\*FINAL MONTHLY UPDATE\*\***
+
+**\*\*Spending\*\***: Living expenses for the month came to $1999. This is $774 under the 2018 monthly targeted amount of $2773. Our spending is 27.9% under budget for the month, 8.1% over for the year, and 14.9% over since retirement. We generated $1039 of income this month from my wife wanting to work and some of my old book royalties. Our investment withdrawal was $960 this month, thus our pro\-rated, annually\-adjusted withdrawal rate is 1.04% for the month, \-5.16% for the year, and \-0.76% since retirement. Without the additional income stream, our pro\-rated, annually\-adjusted withdrawal rate would have been 2.16% for the month, 3.24% for the year, and 3.45% since retirement.
+
+**\*\*Investments\*\***: The portfolio went from $1,130,151 to $1,147,124 \(a 1.50% increase for the month\), which went down to a new total of \(drum\-roll\) $1,146,164 after cashing the checks and paying the bills. This is a 11.73% increase from the original starting balance of $1,025,772. Since retirement, capital income from the investment portfolio has produced the equivalent of a full\-time employee generating $53.14/hr of labor income. To sustain the original portfolio balance, $17.59/hr is the pace needed for COL based on spending rate; $\-4.75/hr is the pace needed for COL based on withdrawal rate. Dividends included, VTSAX \(61% AA\) went up 2.72% this month \(2.45% up for 2018\); VFWAX \(20% AA\) went down 1.18% \(1.39% down for 2018\); VWLUX \(19% AA\) went up 1.17% \(down 0.52% for 2018\).
+
+**\*\*Reflections\*\***: This was our lowest spending month thus far. No significant purchases or expenses to speak of. The market recouped some of its losses from its February jitters. I had considered increasing my international exposure but am currently glad that I refrained.
+
+**\*\*Experiences\*\***: I won the very non\-prestigious Strolling Jim Marathon on May 5 by twenty\-three minutes. I pre\-paid for this one as a backup before I won the state championship in April. I didn’t want to show up. I didn’t even plan on finishing the entire course to be honest, but I made a deal with myself to just treat it like a moderate effort training run. I was nowhere near 100%, but I broke the course record by ten minutes. I watched many more movies \(about forty, mostly silent\). I got lucky and bowled consecutive 170s on my first day back in eighteen months. I baked for the first time in my life \(gingerbread cookies\). I read a few books. I kayaked for the first time this year. I have averaged 63 minutes per day of physical activity over the past six weeks \(running/swimming/cycling/weighlifting\) with at least thirty minutes every single day. Running in the heat sucks.
+
+**\*\*Upcoming\*\***: My time at the museum has run its course. I no longer find it stimulating. I plan to spend time volunteering as a running coach in some local clubs and as a pacer in some local races. I’d like to maintain my current lifestyle of more reading, kayaking, bowling, running, cycling, swimming, and watching classic films. I will try my best to do whatever the fuck I want.
+
+**\*\*YEAR ONE\*\***
+
+**\*\*Portfolio\*\***: Again, the portfolio went from $1,025,772 to $1,146,164 \(an 11.73% increase\) after expenses. Living expenses for the year came to $36,582. This is $4768 \(14.9%\) over the first year targeted amount of $31,814. We generated $46,452 of income from my wife wanting to work, my old book royalties, an unexpected tax refund, and an unexpected inheritance. Our investment withdrawal was \-$9870 this year \(a $9870 deposit\), thus our withdrawal rate was –0.76%. Without the additional income stream, our withdrawal rate would have been 3.45%. Without the tax refund, inheritance, small splurge as a direct result of the inheritance, and the delayed construction of the cabin \(a measure that I consider the best indicator going forward\), our withdrawal rate would have been 2.1% \(3.5% with no supplemental income under this same scenario. In short, I have finally arrived at the conclusion that our COL creates an effective withdrawal rate of 2%, but it would be 3.5% without additional income.
+
+**\*\*Accomplishments\*\***: I consider these the highlights of my first year away from work: broke three hours in a marathon, broke three hours in a marathon for a second time \(including a course record and state championship victory\), won a second marathon by setting another course record, set a personal record in the half marathon, set a personal record in the 1500m swim, built a cabin, saw a total solar eclipse, took a two week driving vacation, read the three longest books of my life, got around to watching every movie we own, got around to playing every video game we own, got around to listening to every album we own, wrote in my daily journal every single day without exception, tackled all of my CE requirements, became a volunteer tour guide and paleontologist assistant at the natural history museum, created an astronomy timeline exhibit for the museum, made plans to become a volunteer running coach, watched Game of Thrones, re\-watched Parks and Recreation, painted for the first time, played a round of golf for the first time, grilled out for the first time, held a drunken scumbag at gunpoint for the first time, kayaked for the first time, went metal detecting for the first time, mastered the Rubik’s cube, mapped our property in detail, planted trees, fixed the driveway, made a creek in our woods, picked up a lot of litter, finished Final Fantasy XV, made monthly reddit posts on FI, and completed a 100\-point gratuity list.
+
+**\*\*Greater Amount\*\***: What have I done more of since leaving work? Running \(about 1500 miles\), swimming \(now twice weekly\), weightlifting \(now twice weekly\), volunteering \(almost weekly\), hiking \(several treks\),  watching movies, solving puzzles, visiting my parents, spending time with my wife, housework, yardwork, cooking, video gaming, reading, studying astronomy, studying paleontology, napping, and doing whatever the fuck I want.
+
+**\*\*Same Amount\*\***: What have I done about the same amount of since leaving work? Cycling \(kept focus on running\), bowling \(to favor a running injury\), visiting friends \(who are no less busy\), listening to SACDs \(distracted by internet\), and watching television \(trying to avoid too much\).
+
+**\*\*Little Progress\*\***: What have I failed to do much of since leaving work? Learning to play an instrument \(lack of talent\), target shooting \(lack of interest\), improving my Spanish and Japanese \(got lazy\), being able to bench press my body weight \(tough hill to climb\), helping fight the opiate epidemic \(burned out\), going to yard sales \(lost interest\), reducing internet time \(too much political interest\), writing a sci\-fi novel \(still in planning stages\), deconverting religious adherents \(taking a break\), stargazing \(often monotonous\), cleaning up our woods \(needs it\), studying cartography \(due to astronomy/paleontology\), painting \(only twice\), kayaking \(only twice\), metal detecting \(only twice\), and camping \(only once\).
+
+**\*\*The Future\*\***: This is the final monthly update. See you around Jan 1. You will be okay without me.
+Okay a lot of y'all reached out asked what the fuck happened with ASKO. I know a lot of you made money but also some of you got burnt.
+
+Truth is the team didn't plan any of this hype, this was all us, the community.
+
+Team were super clear they wanted to focus on a soft launch - get it right, check everything twice, take it easy. Community went totally apeshit and there was a tonne of pressure to release it NOW, yesterday, whatever the state. At one point there was an organised FUD gang of 50+ in the chat just mobbing everything and screaming that it was an exit scam. And they kinda got caught off guard.
+
+So yeah the website wasn't perfect at launch but they **FIXED it** and **FIXED IT FAST**. Lending wasn't ready in time but now it is and it's working and the devs are putting $150K of their own liquidity in to show you it's legit. There weren't enough mods to keep the trolls down but they appointed more. And at the same time they launched a product and listened to your feedback and continuously improved their shit.
+
+And guess what, the idea behind ASKO is still **fucking great.** It's as big a step change as CEX'es to DEX'es. Take decentralised lending like AAVE but instead of listing a select few assets like a CEX just make it so they can create lending pools for anything on Uniswap. Let people stream into high-risk / high-reward or low-risk / lower reward instead of just giving them one option (lend and hope you don't get liquidated).
+
+We're only at 12M market cap. Go and look at other projects with 12M market cap. We're keeping company with "Doki Doki finance" and "Casino betting coin" and fucking "Like coin". Go and look at 100M or 200M. Does it really seem like such a stretch to get the same ranking as Duck Coin or Beefy finance? A lot of products in the 200 - 300 rank don't even have working products. Go and look at the other things dOrg have built (Balancer, the Graph). Not at the website, the actual product.
+
+I didn't sell at 40c and I'm not selling before $2.
+Hey all,  if you use the code 30PAYPAL and checkout with PayPal, you can get $30 off your order of $50 or more on Instacart!
+
+I just did the deal at Aldi.   I did have several items show up not in stock and ended up only paying a little over $6.52 out of pocket.   I chose pick up and live in a state with no food tax.  So $6.52 for $36.52 worth of food.     Aldi also has a sale on spiral hams at .95/lb, so check that out! :)
+
+I believe the code is good into January, unfortunately I wasn't paying much attention to that.  I just wanted to share to help folks stretch their budgets!  
+
+
+ETA:  Thanks to the folks in the comments, it expires 1/1 at 2am EST, so basically, expires 12/31 :).    I've also seen elsewhere that it is limited to around 84,000 codes uses.  I'm so glad this has been useful! 
+**1 - Fools and their money are soon parted:**
+
+In the digital landscape, you will see many people selling courses. To put it bluntly, the three so called evergreen niches are generally: 'how to get rich quick', 'how to attract a supermodel partner using THIS specific pick up routine', and 'how to get a six pack in six weeks'.
+
+This is a simplification but is not far off the mark.
+
+Of course, there are some experts in certain fields providing specific and high quality information at a reasonable price - but this is the exception rather than the rule.
+
+Possibly the most lucrative evergreen niche is "How to Get Rich Quick" and by the way this is not a new phenomenon - it has been going on for many years before the Internet.
+
+However, the scale provided by the Internet means that it is more lucrative today than ever.
+
+For example, if you are selling a $1000 course, you need to sell 1000 courses to generate a revenue of $1MM. You have to give a chunk to Uncle Sam, or you can set up shop in a more tax friendly nation if you are not an American citizen.
+
+Using ad campaigns on social media platforms like Facebook and YouTube and getting it out to millions of people, you can see why some have raked in the cash by selling thousands of these courses.
+
+So remember that just like the Wild West, there are many scammers who want to part you from your money. If it sounds too good to be true, it is.
+
+**2 - Understand what money is:**
+
+Money of course has specific characteristics, but to simplify money is just the mechanism by which we transfer time and wealth. Provide value at scale by applying leverage (code, people, capital) and you will become rich.
+
+**3 - Money can't buy happiness:**
+
+Having enough money to be financially independent and avoiding financial stress *is* important though - studies have actually shown that financial stress can temporarily lower IQ. Not good.
+
+In terms of happiness, some prefer to view it using the lens of excitement = happy, and boredom = sadness. This is generally more practical, as doing things that you enjoy and are aligned with some sort of purpose leads to a greater level of fulfilment (or happiness).
+
+**4 - Beware of the Diderot Effect:**
+
+In the words of Warren Buffett:
+
+"If you spend money on things you do not need, soon you will have to sell things you need."
+
+Now, we can probably think back to numerous occasions where we've bought something, and cringe thinking about how unnecessary the purchase was, and more importantly what he true opportunity cost is if it had of been invested instead.
+
+We of course live in a consumer driven culture, whereby material possessions are the Holy Grail of one's achievement in life. This is starting to shift with the emergence of trends such as minimalism and FIRE, but it is still prevalent in popular culture and advertising.
+
+In terms of consumer goods, there is an interesting social phenomenon called the Diderot Effect.
+
+It is named after the French philosopher Denis Diderot.
+
+Diderot was the co-founder and writer of Encyclopédie, one of the most comprehensive encyclopedias of the time.
+
+Diderot lived in poverty for most of his life, but all that changed in 1765 Catherine the Great, the Empress of Russia, heard of Diderot’s financial troubles and offered to buy his library from him for £1000 GBP (which is the equivalent of around £178K today).
+
+Suddenly, at the age of 52, Diderot had money to spare.
+
+He acquired a new scarlet robe. And that's when the spiral began...
+
+He noticed this is beautiful robe was out of place when surrounded by the rest of his common possessions.
+
+According to Diderot, there was “no more coordination, no more unity, no more beauty” between his robe and the rest of his items.
+
+He felt the urge to buy some new things to match the beauty of his robe. He replaced his old rug with a new one from Damascus. He decorated his home with beautiful sculptures and a better kitchen table. He bought a new mirror to place above the mantle and his “straw chair was relegated to the antechamber by a leather chair.”
+
+These reactive purchases have become known as the Diderot Effect.
+
+The Diderot Effect states that obtaining a new possession often creates a spiral of consumption which leads you to acquire more new things. As a result, we end up buying things that our previous selves never needed to feel happy or fulfilled.
+
+This spiral of consumption is one of the reasons why many former Sports stars go broke after they retire. When they got their big break and signed their first contract, they had more money than they knew what to do with. Then, they buy a huge mansion with a colossal mortgage and numerous Super-cars. Their lifestyle expenses then inflate to obscene levels such that once they retire and lose their main income source, they go broke. They were rich, but they weren't wealthy.
+
+**5 - Avoid the Lifestyle Inflation Trap:**
+
+Speaking of lifestyle inflation, this applies to mere mortals and not the Sports stars we see on TV.
+
+In his best seller The Four Hour Work Week, Tim Ferriss, examines the concept of 'the New Rich'.
+
+The essence is the following: "Who is better off: the person on $40K per year but working 30 hours a week, living well within their means, investing aggressively and spending the rest of their time pursuing other passions, or the Investment Banker on $400K working 100 hours a week, sacrificing their long term health, and living a very expensive lifestyle." Of course, this is a simplified example: the Investment Banker could of course come from a wealthy family and have an eight figure inheritance, there are exceptions - but generally lifestyle inflation is a trap and something to watch out for.
+
+**6 - Money is not necessarily the root of all evil:**
+
+It is possible to make a lot of money ethically - you don't *have* to turn into a super villain to obtain it (although it does help!). But if you view money as evil, it will probably elude you forever.
+
+Money just exacerbates what type of person you naturally are.
+
+If you a decent person without lots of money, at your core, you're still a decent person in the long term with lots of money. In the short term you may see some people change for worse, but over the long term you'll find they're fairly consistent.
+
+If you are a...not so decent person without lots of money, you'll still be a not so decent person with lots of money.
+
+Also, unless someone is a genuine psychopath, humans are generally not completely "evil" or "good" anyway - it is a complex and dynamic situation, where the very definitions of good and evil vary depending on culture and period in history.
+
+So, don't view money as completely evil, otherwise it may prove elusive.
+
+**7 - Remember the Goal is Wealth:**
+
+Finally, something that the wealthiest individuals understand, is that money is emotionless. It doesn't care how hard you work, it doesn't care about the sacrifices you make to obtain it, it doesn't even care if you don't buy avocado toast, it has no emotion.
+
+It is more about realising that the real goal is to acquiring assets and diversifying to create genuine wealth, and having sufficient cash flow to maintain whatever sort of lifestyle you prefer.
+
+Indefinitely.
+I see a lot of tickers being flagged for good premium opportunities (FB, SNAP, NFLX, etc.). Please keep in mind, we're in earnings season so you may want to check the calendar. I know it's a beginner mistake, but there's a lot of beginners in here.
+
+Save yourself the stress and blown out trades, always check for earnings and catalyst dates before entering a trade.
+I understand that monthly provides more premium why not weekly? is it just personal risk tolerance or something I am not aware of? quite new and have a lot to learn. Thanks!
+I only learned about this program yesterday. If you have a public library card in the United States, you can stream over 30,000 movies using Kanopy. If you can't afford a subscription like Netflix, this is a free entertainment option.
+
+You can also check out free eBooks using OverDrive. And of course, paper books as well!
+
+Many library systems offer meeting rooms that you can book, maker spaces where you can use a 3D printer and other tools, and career skills workshops. (Printing materials might come at a low cost.) If you're unemployed or struggling to get a project or business off the ground, check out not only your local public library, but the other library branches within the local system. My local library growing up was really small, but the primary county  branch had way more resources. 
+
+How else do you use your local public library?
+
+
+I have no financial degrees or certifications, nevertheless having read this book after Christmas I thought I'd review it, if for nothing more than to collect my thoughts on the content.
+
+
+**Step 1 - Schedule a Monthly Barefoot Date Night**
+
+The introductory parts of the book are about attitude and routine, e.g. having a monthly session regarding your finances, and to not make excuses.
+
+**Barefoot banking:**
+
+This is the first technical section. He has you set up five bank accounts. He gets very specific here on exactly which bank and which accounts to choose, and it's updated for 2017 so that's great. The accounts are a daily expenses (60%), a "Splurge" account (10%) to spend on lattes, alcohol, avo on toast, etc., a long term account (10%) for any bigger goals like a holiday or a wedding, and a "Fire Extinguisher" account (20%). I found that last account to be really ill-defined and its purpose changes multiple times through the book. The fifth account is your safety account.
+
+Those percentages are of your monthly income, which initially look insane for me personally, however he has advice for altering them. I'll likely be following his method. I like the idea of not budgeting in the traditional sense, and using different cards for different purchases.
+
+**The world's cheapest super fund:**
+
+He talks about Superannuation, specifically which funds to choose, which options, whether you should open a SMSF (you shouldn't), whether you should make extra contributions. I'll also be taking this advice here.
+
+**Your insurance sorted in one beer:**
+
+He has several golden rules on insurances which are great, like which insurances you need, premiums and excess, how to find a provider, even how to talk on the phone. I'll be switching or making adjustments to nearly all my current insurances after reading this.
+
+**How to live like a millionaire right now:**
+
+The simple answer is to spend much more on important things, and spend much less on unimportant things.
+
+**Step 2 - Set Up Your Buckets**
+
+**The Serviette Strategy:**
+
+This is the chapter explaining how to actually manage the bank accounts he previously told you to open, which is fine and sensible for all of them except the Fire Extinguisher, which is to "put out financial fires" such as a large debt, saving up for a home loan, or paying off a mortgage. At this point I re-read the title of the book, because if you add up the percentages you'll see he's allocated 100% of your monthly income to various things that are *not* investments. You might say the house is a big investment - no, this is not an investment property in his plan, it's not to flip in a few years, it's a "forever home". The Fire Extinguisher account is not clarified beyond this anywhere in the book, and despite re-reading it multiple times I feel I'm missing something here...
+
+**Step 3 - Domino Your Debts**
+
+I've never had any debts outside of HECS and never owned a credit card so I can't really comment on this chapter thoroughly. I'm sure his advice on debt will help some, and the pages he has dismantling the idea of needing a credit card are very entertaining.
+
+**How to double your income:**
+
+- Do a more thorough performance review with your boss.
+- Do freelance work.
+- Work 80 hours a week.
+
+**Step 4 - Buy Your Home**
+
+**How to buy your home in 20 months:**
+
+This is where the book fell apart for me and I almost didn't want to finish. He lays out a scenario of how it's easy for a couple earning an average wage ($78,000) to save enough in 20 months for a $500,000 home loan.
+
+*Q: What if I don't earn that much?*
+
+A: Then earn more, see - "How to double your income".
+
+*Q: What if I don't have a partner?*
+
+A: Then buy a smaller house.
+
+*Q: What if I don't want a smaller house?*
+
+A: Then move to the country.
+
+*Q: Should I buy an investment property first?*
+
+A: No.
+
+*Q: Will the housing market crash?*
+
+A: Don't hesitate, just buy.
+
+*Q: Can I rent and invest the difference?*
+
+A: Yes, this is financially superior, however you should still buy a house since no one ever actually invests the difference.
+
+(That is all not verbatim)
+
+**Step 5 - Increase Your Super 15 Percent**
+
+**Your Golden Ticket - becoming an investor:**
+
+I get totally lost in this chapter. He talks about opening a "SMSF Lite", which is his term for investing in shares with your super fund, though you can also invest outside of your super. Where this money is coming from I have no idea, since you've just bought yourself a $500,000 house.
+
+**The automatic millionaire - how to put your investing on autopilot:**
+
+You should increase your super contribution to 15% *after* you've paid off your home.
+
+**Should I buy an investment property?:**
+
+No.
+
+**Step 6** is a few chapters on teaching your kids how to manage money, increasing your safety account amount, providing for you family, etc.
+
+**Step 7 - Get The Banker Off Your Back**
+
+**The curious case of the postcode povvos:**
+
+Don't flip your house for something bigger.
+
+**How to save $77,641 and wipe almost seven years off your mortgage:**
+
+He talks about the type of home loan to get, how to get a cheap rate, using "cash-back mortgage brokers", and making extra repayments (which again, I don't know from where that money comes).
+
+**Step 8 - Nail Your Retirement Number**
+
+- Have your house paid off.
+- Have $250,000 in savings.
+- Keep working part time.
+
+I liked the book, however his view of home ownership doesn't apply to me at all and that unfortunately invalidates most of the second half of the book. I'd like to hear from people who've taken advice from the Barefoot Investor and how you are now.
+
+In my opinion you should get this book if:
+
+- You have no idea how to budget.
+- You are confused about insurances.
+- You're heavily in debt.
+- You have a credit card.
+- You share a similar vision to the author about buying a "forever home" and providing stability for your family through your retirement until death.
+I’m not complaining as I got my degree here in Australia. But why is it that the average American citizen pays $37,000 per year for college whereas we here only pay about $8000 per year for uni?
+Hello CPF,
+
+If you've been on this sub for a few years, you'll remember the hype around around Nemaska Lithium (NMX.to). There was a time where is was touted as the next big lithium provider, and it was pumped SO hard on this sub. 2017 was the supposed to be its year to shine. If you had looked into this company in 2017, you'd learn that it was a very average lithium producer, in a very crowded resource extraction market with lack luster numbers. However, this information fell on deaf ears for many in this sub and it was STILL touted as the next big thing. Some even going so far as to claim that tesla was going to collaborate with it in this future to provide its batteries.
+
+As of today, the company is down to 30 employees, and t's facing bankruptcy and creditors. From its peak stock price of 2.35, NMX is now trading at 17 cents.
+
+Beware of pump and dumpers on this sub. I strongly believe there were many on this sub 2 years ago, and they've all fallen silent, leaving many bag holders with this trash stock. That's my 2 cents.
+Hello CPF,
+
+If you've been on this sub for a few years, you'll remember the hype around around Nemaska Lithium (NMX.to). There was a time where is was touted as the next big lithium provider, and it was pumped SO hard on this sub. 2017 was the supposed to be its year to shine. If you had looked into this company in 2017, you'd learn that it was a very average lithium producer, in a very crowded resource extraction market with lack luster numbers. However, this information fell on deaf ears for many in this sub and it was STILL touted as the next big thing. Some even going so far as to claim that tesla was going to collaborate with it in this future to provide its batteries.
+
+As of today, the company is down to 30 employees, and t's facing bankruptcy and creditors. From its peak stock price of 2.35, NMX is now trading at 17 cents.
+
+Beware of pump and dumpers on this sub. I strongly believe there were many on this sub 2 years ago, and they've all fallen silent, leaving many bag holders with this trash stock. That's my 2 cents.
+Hello. I am turning 18 tomorrow and I want to start investing as early as I can. I am in this for the long term. I'm not looking for a way to triple my money over night(don't want to take giant risks). I am interested in dividends but I am not sure where to start. I have just over 5300 saved up and am willing to start investing with 1000 dollars. Should I start as soon as possible? Should I wait until I have more money to invest? Any advice is appreciated. Thank you!
+AMC Entertainment mentioned Monday it will begin accepting bitcoin as payment for movie tickets and concessions if bought on-line in any respect of its U.S. theaters. 
+
+CEO Adam Aron mentioned throughout an earnings name Monday that the movie theater chain will have the IT methods in place to take the cryptocurrency as payment by the tip of 2021.
+
+The transfer marks a wedding of two extremely speculative property — bitcoin, identified for its wild volatility, and AMC, which turned a meme inventory star favored by retail merchants on Reddit’s notorious WallStreetBets discussion board.
+
+The value of bitcoin swung drastically in latest weeks, final buying and selling round $46,000 after falling under $30,000 final month. The latest rebound got here amid optimism {that a} cryptocurrency compromise will be included as a part of the bipartisan infrastructure bundle. The Senate finally didn’t advance the deal.
+
+Tesla had introduced plans to allow bitcoin transactions, however it halted automotive purchases with the digital token in mid-Could as a consequence of considerations over how mining contributes to local weather change. CEO Elon Musk has since commented positively on bitcoin, saying he plans to carry the coin long run.
+
+Shares of AMC climbed greater than 4% in prolonged buying and selling on Monday following a better-than-feared earnings report. The corporate posted a narrower-than-expected loss throughout the second quarter, together with income that topped analysts’ estimates.
+
+The inventory has rallied practically 1,500% this 12 months as a band of retail merchants who coordinated trades on social media platforms managed to create a large brief squeeze within the shares. The struggling movie theater was a preferred brief goal amongst hedge funds and different gamers.
+Dear apes,
+
+I am an XX retard, that put everything he had to spare in GME.
+I am extremely frustrated with my job. I hate it. I hate every minute of it. I hate the fact I am working for greedy corpos. I hate the fact that my work isn't benefiting anybody. I hate the fact I need to spend 8h a day, essentially staring at a screen, wondering why I am doing this to myself, before realising that I am trapped here, because I have to pay my bills.
+I don't want a yacht. I want to be free. I want to escape from this torture, this everlasting nightmare, where stupid people scream at me, complaining that the software doesn't behave like they ordered it and won't listen when I explain to them, that it works as intended.
+
+Please Apes, I am begging you, HODL for me. Please HODL, so I and thousands of other Apes can be free. This will only work if we don't sell on the way up. Sell on the way down. Be patient. HODL for a better life. I am standing in the bathroom,  trying to suck up my tears before having to go to the next meeting. All I can think of is my GF and how much I want to go back home and just stay there. Forever. Never come back to this horrible place. GME is the only thing that gives me hope right now.
+
+Do not sell, please. HODL for the desperate ones.
+I love you all. You taught me so many things. You give me hope every day. When I am sad, I immediately come to this sub. You make me feel better, at least for a few moments. Thank you apes. Without you, I couldn't do this. I will HODL. Promise.
+
+Shouty
+Hi everyone, this is super personal for me but I don’t know where else to write this. I currently have a spending problem and feel like I always have. I come from a fairly well off family. If we ever wanted something or needed something we got it with ease. But now that I’m on my own and In college I’m struggling to learn how to budget and separate needs from wants. Do you guys have any advice where I can set myself on the right path ?
+I was recently at a healthcare conference and met someone selling software that actually competed with my offering. To my mild chagrin, they're doing it so much better than my company. Better interface, more efficient workflow, higher market penetration, basically everything we tried to do they're doing better. It's pretty impressive.
+
+​
+
+I know the HCIT field, I know the tech stack they built this on, I know the founder's credentials and competency, and in my professional judgement, they know what they're doing with this product. Long story short, if they're interested I want to (either personally or through my own company) buy a smaller equity stake in their startup. I'm interested in basically being a silent investor, providing $X in exchange for Y% of the company and a seat or two on the board, but without an active role in the day-to-day operations. 
+
+​
+
+How would I got about starting this kind of conversation with the current owner? Like I said, I know enough of the product to judge its quality, and I believe I have the right connections to validate anything I'm told on the financial/legal/etc side. I just don't know how to broach the subject in a way that won't either scare them off or get them too greedy. Any thoughts? Thanks!
+*Welcome to my first lecture! With 1,200+ upvotes in my previous post asking if /r/investing would be interested in starting a “Introduction to Investments” class I decided I would go through with my lecture. I realize that many people on /r/ investing are far beyond with what I’m offering in this lecture, but this is an introduction class to investments and the first lecture at that, so be patient. Looking forward, Lecture 2, which I will post in a few days, will cover some basic investment criteria that investors look at. Don’t be afraid to ask questions. I must say it's very hard to articulate what I would teach in a classroom to writing it all down so if you have some feedback on how I can make my lectures better, don't be afraid to tell me! Also, I encourage you guys to help me answer questions or help clarify a topic for someone, if you feel you can!*
+
+
+**Introduction**: We will begin our lecture with a two part introduction. In the first part we will discuss asset types and characteristics. The second part we will discuss some other broader definitions. 
+
+
+
+**Types of Assets**
+
+* **Investment Asset**: The study of investments is about selecting investment assets. An investment asset is any asset that an investor buys with the goal of increasing his or her wealth.
+
+* **Financial Assets vs Real Assets**: Investment assets may be divided into two broad categories. **Financial assets are claims to income streams produced by other assets.** Typically financial assets are defined as stocks and bonds.  **Real assets are tangible assets with a physical presence.** A landlord who owns rental properties have real assets. Financial assets and real assets can both be placed in finer classes. The majority of this course we will be focusing on financial assets, of course.
+
+**Types of Financial Assets**: There are three broad categories of financial assets: **equity, debt, and derivatives.**
+
+* **Equity**: Equity represents an ownership claim. Common equity, like securities that are traded on the stock market, represents ownership in a corporation. Common equity has a claim to the residual income of a corporation, that is, the income that is left over after all other claims are paid. These claims by common equity to a corporation’s net income are issued in the form dividends, as declared by the board of directors. Another form of equity is preferred equity. **Owners of preferred equity are paid a stated dividend amount and will experience little capital appreciation.**
+
+* **Debt**: Debt instruments are IOUs issued by governments, corporations and other entities. Debt instruments may be divided into money-market instruments and long-term debt. **Money-market instruments are generally defined as debt issues with an original maturity date of less than one year.** Generally, money-market instruments do not pay interest. Instead, money-market debt is issued and bought by investors at a discount from face value and receives a return as the money-market debt increases to face value at its maturity date. Long-term debt may take several forms but generally long-term debt is issued with a maturity date and a coupon rate. The face value of this type of debt will be paid at maturity. Equal periodic interest payments are made in accordance with the coupon rate and face value. We will study debt more in later lectures.
+
+* **Derivatives**: The term, derivatives, is used because the value of this financial asset is *derived* from the value of an underlying asset. **There are two main types of derivatives: options and futures.** An investor can buy either a call option or a put option. **A call option allows an investor to buy the underlying asset at a certain price over a certain time period. A put option allows an investor to sell the underlying asset at a certain price over a certain period of time.** An investor will choose to buy a call or a put depending on whether the investor is bullish or bearish. A bullish investor thinks that the price of an asset will increase, while a bearish investor thinks that the price of an asset will decrease. So, would a bullish investor choose to buy a call or a put? A bullish investor, an investor who thinks the price of a particular asset will increase, would buy a call. So, would a bearish investor choose to buy a call or a put? A bearish investor, an investor who thinks the price of an asset will decrease, would buy a put. The holder of a call or put may or may not choose to exercise their right to buy or sell an underlying asset. That is why this is called an option. The investor has the option to exercise their position. Options are used most frequently with common equity as the underlying asset. 
+
+* Bullish and bearish investors may also purchase futures. **A future contract requires the investor buy or sell a certain number of units of a particular asset.** Future contracts may deal with common stocks or other financial assets, but future contracts deal primarily with real assets such as agricultural commodities. A futures contract is created by a trade in the future market. **In a trade creating a futures contract one side of the trade agrees to make delivery of a commodity at a certain price on a certain date in the future.** The other side of the trade agrees to accept delivery of the commodity at that same price and date. Bullish investors will agree to accept delivery of the commodity, thinking that the market price will increase. This way the bullish investor can buy cheap on the futures market and sell high on the current or spot market (eventually). Bearish investors agree to make delivery of the commodity, thinking that the market price will decrease. This way the bearish investor can buy cheap on the spot market, and sell high on the future market.
+
+**Types of Real Assets**: There are a number of different classifications for real assets. They tend to be divided into four broad categories. 
+
+* **Real Estate**: Real estate, land and buildings, is the largest category of real assets. Real estate may be divided into categories such as: undeveloped land, single unit housing (rental units), multi-unit housing, and commercial real estate. 
+
+* **Precious Metal & Gems**: Precious metals and gems have long served as investment alternatives. The most popular investment asset in the precious metal category tends to be gold. Investors bullish on gold are often referred to as “gold bugs.” Gold prices are regularly reported in the financial press. On July 24th, 2013, gold was selling for $1,328 per troy ounce. Historically, gold has not been a good long-term investment. Other precious metals include silver, platinum, and various other rare metals. There are many different ways one can invest in precious metals. If an investor wants to invest in gold, for instance, an investor can physically buy gold bullion, gold jewelry, or gold coins. The other option for a gold investor is to buy financial assets such as gold mining stocks, options on gold, and gold futures.
+
+* **Collectibles**: “Investors” buy various types of collectibles in hopes that they will increase in value. These include, but are not limited to, fine art, antiques, beanie babies, comic books, baseball cards, etc. There are a couple of notes that need to be added. The first is that it costs money to maintain collectibles, especially true for fine art. The second is that the value of collectibles tend to be subject to fads. The value of a great baseball card collection is much less today than it was 15 years ago, but the market for vintage vinyl and music memorabilia is booming. The last is that collectibles are not considered an investment if the holder of the collectible is not willing to part with it. For instance, if a collector holds the worlds greatest collection of Marvel comic books, but would never dream about selling them, the comic books are not considered an investment (although he will tell his wife it is!).
+
+* **Commodities**: **Commodities are assets which are used in production processes and which fluctuate in value**. These include, for example, grains, cattle, oil, and common metals such as copper and aluminum. Bullish investors buy the commodity that they think is on an upward trend with the hopes of selling the commodity at more than what they bought it for, or at a profit. As with precious metals, an investor can choose to invest in commodities using financial assets rather than buying its real asset directly. The use of futures contracts allow both bullish and bearish investors to participate in the futures market.
+
+**Misc. definitions**
+
+* **Portfolio and Portfolio Effect**: Investors generally do not buy a single investment asset. Instead, investors hold a group of investment assets which is referred to as a portfolio. A portfolio may consists of any combination of real and/or financial assets. As the size of a portfolio increases an important thing occurs; the portfolio effect. **The portfolio effect is the idea that the overall risk of a portfolio becomes smaller than the average risk of the securities included in the portfolio.** This occurs because of diversification. Not all securities will move in concert with one another. If security A decreases in value, Security B may increase in value, offsetting the negative impact from Security A. The more assets that are in a portfolio, the greater the likelihood that these offsets will occur. And, the less impact anyone one security has on the overall fluctuation of a portfolio.
+
+* **Types of Investors**: Investors may be divided into two types: individual investors and institutional investors. Institutional investors include investment companies which pool money of other investors to purchase a portfolio of assets. Small investors can place money into mutual funds, closed-end funds and private equity funds. We will discuss these funds later on. Institutional investors also include firms such as Goldman Sachs and Smith Barney. These firms engage in a wide variety of activities including buying and selling securities and offering investment advice. All of these institutions are to have buy and sell side activities.
+
+* **Employment Opportunities**: Investment employment opportunities also have a buy and sell side. The sell side seems much easier to enter. The sell side includes commercial banks, brokerage firms, mutual funds and insurance companies. Despite negative stereotypes about pushy insurance salesman and cold calling, if the sales position provides a financial services this is a tremendous opportunity to help others and achieve good financial rewards. If you enter the sell side you should plan to get your CFP (Certified Financial Planner) certificate. The buy side involves conducting investment analysis to select securities for a portfolio managed by a mutual fund or other institutional investors. A position on the buy side is much more difficult to land. Investment analysis will want to get the CFA (Chartered Financial Analyst) certificate. Many firms hiring investment analyst require that the analyst has or is working on his/her CFA.
+
+Netflix Inc. is the latest U.S. technology company to admit defeat in its ambition to conquer the Chinese market, joining a growing list of companies to be stymied by a challenging regulatory, legal and competitive environment.
+
+The streaming giant said this week that it has decided not to attempt a full-service offering in China, preferring to work with local partners.
+http://www.marketwatch.com/story/netflix-is-the-latest-us-tech-company-to-fail-to-conquer-china-2016-10-19?siteid=yhoof2&yptr=yahoo
+I have about $7k in dividend paying stocks on RH. I don’t plan on needing those funds anytime soon, but the apparent inability to liquidate and cash out worries me. There seems to be a major hassle even transferring RH to other brokers at this time. Would I be better served to leave that account alone and just not adding more to it, or to actually go through the process of a transfer?
+http://www.reuters.com/article/us-snap-morganstanley-downgrade-idUSKBN19W1HA
+
+"Snapchat's ad platform not improving/evolving as quickly as expected, and competition from Instagram is rising" - MS
+
+** "We have been wrong about SNAP's ability to innovate and improve its ad product this year" - MS analyst Brian Nowak
+
+** MS says advertisers are struggling to create SNAP ads with adequate completion rates, while app download declines have accelerated
+
+The lock-up period for early investors to sell their shares expires on July 29. 
+How to pick a stock?
+
+​
+
+Honestly it's all about how the company is growing, if the company is growing then the stock price will follow overtime. What do I mean by when the company is growing? Here are some examples:
+
+​
+
+Income statement (How your company is earning money)
+
+1 - Cost of goods sold as a % of revenue is decreasing.
+
+2 - Operating income as a % of revenue is increasing.
+
+3 - Net income (bottom line) is growing quarter after quarter. This is important because as Peter Lynch mentioned in his books, if the bottom line is growing the stock price will follow.
+
+Basically on the income statement you're looking for a reduction in all costs that could affect the bottom line. Now keep in mind that sometimes when certain costs increase it could good, such as research and development.
+
+​
+
+Cash Flow (How is your company spending it's money)
+
+1 - If the company is buying back their stock this good, it means there's less shares in circulation which drives up their EPS which in turns lowers their PE.
+
+2 - Reducing debt is another indicator that you can look at, if the company reduces their debt it means that they will have a lower interest payment on the income statement increasing their bottom line. Although for a growing company debt is not bad in the current low interest environment. (Keep in mind #4 balance sheet)
+
+3 - Quarterly free cash flow is increasing, the more free cash a company has the more cash they have feeding into their balance sheet. Think of this as money that you have from your paycheck after all endeavours are paid for.
+
+​
+
+Balance Sheet (How healthy is your company)
+
+1 - You want the ratio between current assets and current liabilities to be growing = Current assets/current liabilities.
+
+2 - You want to see that shareholders equity is increasing quarter after quarter.
+
+3 - Pay attention to the goodwill on the balance sheet, you don't want goodwill to be a large portion of the overall assets of your company, there could be some write downs in the future.
+
+4 - Pay attention to the amount of debt that your company has in relevance to their cash & cash equivalents.
+
+​
+
+Overall if you keep these things in mind and combine this with your own research on the company you will do just fine in the stock market. Doing your own research is key, because when the market goes down you wont panic sell, instead you might actually buy more.
+
+The most important advice I can give is be patient, the market does not always reflect the true value of the company.
+Canada’s telecommunications companies will likely take a hit to their revenues as the economic effects of the coronavirus pandemic drives a wave of business closings and bankruptcies.
+
+Desjardins analyst Maher Yaghi predicts telecom companies will see revenue from phone and internet lines decline by 40 per cent in the first five months as businesses that didn’t survive the economic rout disconnect those services. That will be followed by a 20-per-cent reduction in the next five months, Mr. Yaghi said in a note to clients.
+
+Meanwhile immigration, which has driven significant growth for the telecom industry as new residents purchase phone and internet plans, is expected to slow this year as most countries effectively shut their borders, according to Mr. Yaghi.
+
+The financial impact comes despite the fact that telecommunications services have become more vital than ever. Canadians have shifted to working, learning and entertaining themselves at home amid a nationwide push to stop the spread of the virus. BCE Inc.'s Bell Canada says voice traffic on its network has surged 200 per cent while internet traffic has risen by 60 per cent in the daytime and 20 per cent at night.
+
+“While broadband will remain an in-demand service, no business is immune to economic cycles,” Bank of Montreal analyst Tim Casey said in a note to clients. Revenue, free cash flow and earnings before interest, taxes, depreciation, and amortization will likely shrink across the sector, Mr. Casey said.
+
+However, Mr. Yaghi said predicting the full economic impact of a rapidly evolving global pandemic is challenging. For his own projections, he assumed that Canada’s lockdown will last a total of four months.
+
+“The situation is still very fluid," Mr. Yaghi said. “If the situation takes longer to resolve, you could have more impact. If the situation gets resolved sooner you could have less impact."
+
+On Wednesday, Cogeco Inc. withdrew its financial guidance for its 2020 fiscal year, citing uncertainty around the duration, magnitude and economic effects of the COVID-19 pandemic.
+
+“It is not possible at this time to reliably estimate the impact of the pandemic on the financial results of the corporation for the remainder of the fiscal year,” the company said in a statement, noting that it plans to reinstate annual guidance once the situation has stabilized.
+
+Other telecom companies are also expected to remove their annual guidance or revise it downward, Scotiabank analyst Jeff Fan said in a note to clients.
+
+Companies such as BCE Inc., Rogers Communications In. and Quebecor Inc. will likely see their media divisions, which rely on advertising revenue, hit especially hard, Mr. Yaghi said.
+
+“People are watching TV, but advertisers are not in a position to advertise,” Mr. Yaghi said. “In the current economy, who wants to advertise when the consumer is not in the mood to spend other than on getting food right now?"
+
+Although the economic rout will eventually pass, some of the effects of the pandemic on the telecom sector could be long-lasting, analysts say. Trends such as online shopping or working from home, which were already gaining traction, are likely to accelerate.
+
+“We think the crisis has reinforced the importance of network investment,” Mr. Fan said, adding that, on the whole, Canada’s telecom networks have “held up well."
+
+https://www.theglobeandmail.com/business/article-telecom-revenues-likely-to-take-a-hit-as-pandemic-drives-business/
+https://www.cnbc.com/2018/09/07/air-force-is-looking-into-elon-musks-pot-smoking-source.html
+
+What else short of the entire Fremont factory catching fire could go wrong today?
+Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios.
+
+To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc.
+
+A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback!
+Maybe I'm overthinking, but I'm invested in both ARK / ARKW and VHT / VGT. Given the overlap, would it be wise to reduce my position in either? I would appreciate any suggestions.
+
+Current overlap
+
+ARKG and VHT - 65%
+
+AKRW and VGT - 42.9%
+
+Given the markets now, they are all giving decent returns, but I'm thinking longer term and my portfolio diversity.
+Hello everyone
+
+My broker Degiro lets me use Margin with an 1.25% interest.
+
+I am now investing 3000$/month into VWCE (FTSE All World ETF). I would like to add SPDR MSCI World small cap to my portfolio and use margin to do that.
+
+I was thinking of using margin worth 20% of my portfolio value. This means for every 3000$/month i will be taking 600$ margin and investing it into SPDR small cap ETF.
+
+That would be 3600$ invested into ETF. If the stock market would crash 50% i would be sitting on 1800$ wort of ETF of which 600$ is margin. Thats would be 33% of my portfolio which would mean that theres plenty of room before i could get margin called by my broker.
+
+Assuming an annual return of more than 1.25% i would be profiting doing this. Right?
+
+I would really appreciate any input on this idea.
+Hi all! I’m new to investing and would appreciate your opinion on my current portfolio. I also am planning on investing an additional 5K- should I further add to ETFs I currently have (if so, which ones), expand with other ETFs (would love recommendations such as MSOS or LIT), or invest in long term stocks like Microsoft and Salesforce?
+
+I currently have:
+VOO
+VTI
+ARKK
+ARKF
+ARKG
+ICLN
+TAN
+YOLO
+
+Do you see the clean energy and marijuana industries expanding with recent election results going left?
+
+Also, if I’m planning on holding these for a year+ long term, is now a good time to buy? 
+
+Thanks!
+Even crazier but possible is $1000 ETH. That is $100 Billion market cap.  Only 4-5 times BTCs current valuation.  Sit tight until Proof of stake is implemented.  You won't regret it. 
+Previously everytime we had a pullback (Total crypto Mcap pull back of 5-10%) we would see BTC go down and eth would follow and it would sometimes go further down, anyone who has been in that 270-330$ "era" reminds this. We wanted a decoupling so badly but it just wasn't happening.   
+Now if you see the last month's pullbacks, BTC has gone down alot but ETH is standing still and holding its own. May we go further now and hold our ground!
+IMO It’s easy to hold X or XX shares through 1k, and even 10k, since the total money you’re getting isn’t going to set you up for a lavish retirement or anything, maybe just a couple years worth of expenses. 
+
+The XX apes will still have to work the rest of their lives with even an extra million (700k after taxes), so might as well hodl.
+
+However, for the XXX apes and above, 10k a share basically means you can retire and just live off of interest for the rest of your life.
+
+The incentive to sell is much stronger here. I think many XXX apes will be tempted to dump all their shares at around 10k.
+
+However we have to remember that every price will be reached twice. Once on the way up, and again on the way down.
+
+So for you XXX apes and above, please try to imagine what an X or XX ape is going through, and how much they need to retire as well. You will always get to sell at your price on the way down
+
+Tldr: sell on the way down, after the peak
+
+🚀🚀🚀
+Update/another question: so I’m not sure if anyone else has needed to get in touch with the IRS this week, but they are not answering calls at all, is there anyway I can get in touch with them sooner than later?
+
+
+So my wife and I both got a deposit, we were expecting one in the form of a tax refund, she got the correct amount and I obviously got an insane amount sent to me, Not sure what else to say, I stopped by my bank branch and the guy that I spoke to says there’s nothing they can do about it, I googled the issue and apparently this happens often, and that my bank should have been able to send it back no problem, I just don’t want it to be an issue and I definitely don’t want to be charged interest, which apparently also happens
+Started selling CCs about a year ago.In 2022 so far, I'm seeing \~95k for short term gains. But I can't tell if I'm doing well, or what I should be doing better. I'd want to learn and improve. I have roughly $391k of stocks in this account, down from ATH of about $550.I'm also concerned about tax implications. Am I breaking any tax straddle or wash sale rules by rollings?
+Hi all,
+
+The subject of premium bonds comes up frequently as a short-term savings option and I thought I'd offer some experience and "data" on my personal win rates after 1 year and people can decide if it is worth it for themselves.
+
+For those unfamiliar, premium bonds are an investment product issued by NS&I (National Savings and Investments) and fully backed by the UK government. In short, each £1 you put towards premium bonds (min £25, max £50k) is like a lottery ticket and is put towards a monthly draw. The more "tickets" you have, the more likely you'll win in the draw. Unlike a normal lottery, you are not buying a ticket so much as lending money to NS&I and can retrieve the full amount you put in even if you never win a draw i.e. there is basically zero risk to your money.
+
+The minimum prize is £25 and max is £1 million. Detailed prize breakdown and more information can be found [here](https://www.moneysavingexpert.com/savings/premium-bonds/) All winnings are tax free i.e. no income or CGT tax.
+
+I have the maximum £50k in premium bonds since mid-May 2020 (house fund savings), so my first eligible draw was on the 1st of July 2020, so I've been in 11 draws so far (including the most recent May 2021 draw). As I have used the max £50k balance, all my winnings are sent to my linked bank account rather than accumulating in the premium bonds account. Winnings generally take around 1 to 2 weeks to transfer into my account. I'll only list wins:
+
+- July 2020 - £25
+
+- August 2020 - £50
+
+- Sept 2020 - £25
+
+- Oct 2020 - £25
+
+- Nov 2020 - £50
+
+- Dec 2020 - £75
+
+- Jan 2021 - £25
+
+- April 2021 - £25
+
+- May 2021 - £75
+
+Therefore my total winnings so far are £375 = 0.75% of £50k with 1 draw remaining to make a full year of draws. 
+
+Realistically, I might win another £25 in the June draw which brings my return rate to 0.8% per year which is not fantastic but better than all easy access accounts for this amount of money. Luck obviously plays a massive role in whether any of my bonds win and with £50k worth of bonds, I've maxed out my probability of winning.
+
+It should be mentioned that withdrawing from your premium bonds account to your linked account is not instant. I've not done it myself but I've read it takes at least a couple of days for the request to be processed. Bear this in mind if you intend to use PBs as an emergency fund storage.
+
+Hope that is helpful to some of you.
+
+Edit (6th June): I won £25 in the June draw, so return rate is 0.8% for the year with £50k. I'm withdrawing all but £25 to keep the account open as we are finally in a position to buy our new home. I might top it up as an emergency fund, but it is pretty low on my preferences for storing emergency funds.
+Good Morning and Welcome to a New Year!
+
+There is still some digging going on but it would appear that several institutions, mainly prime lenders (JPM, Citigroup, Credit Suisse, etc...), have been pulling there net short and or hedged positions on GME, in favor of long and or net long positions.
+
+[thanks to nutsaculon](https://preview.redd.it/wb27sthwdh981.png?width=802&format=png&auto=webp&s=92552f4259f61cbcc1d5445fc02ef2c18f213561)
+
+This is extremely bullish, and likely a follow up to JPM signal I discussed in [my most recent DD](https://www.reddit.com/r/Superstonk/comments/rpfabx/are_we_there_yet_moass_bingo/). Seeing Prime Lenders shed put positions across the board, while picking up more shares/calls is definitely the kind of institutional move we want to see.
+
+Also the work on ETF flow ---> FTDs is coming along nicely, and it looks like we will have the same FTD overlap that we had last January. Remember they can start covering these early, while they usually wait till the final due date, they can actually cover at anytime during the 35 calendar day window. There will be more on this later but the correlation is looking strong.
+
+[These FTDs are in addition to any FTDs on GME's stock and FTDs from the failure to roll forward futures contracts \(these FTD due dates can be seen in the vertical bars at the top\)](https://preview.redd.it/dsf7oblcah981.png?width=2459&format=png&auto=webp&s=a626ebdda70cf35b717f3d66237cc36c61d782a5)
+
+Lastly XRT begins the threshold process this Thursday. T+13 from December 17th when it was first placed on the RegSHO Threshold list.
+
+[ ](https://preview.redd.it/00nwb44hbh981.png?width=1538&format=png&auto=webp&s=7edf51937fa2f88b27d53598e8c2bc6e044f9da3)
+
+**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.**
+
+Historical Resistance/Support:
+
+116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...
+
+# End of Day 
+
+Closing 3% up for today but still below max-pain. We saw some pretty good volatility from the FTDs as these increase in quantity over the coming weeks we should see more and more buy pressure especially during the periods where they begin to overlap. Thank you all for tuning in today, see you tomorrow. 
+
+\- Gherkinit
+
+https://preview.redd.it/nty13s2bfj981.png?width=746&format=png&auto=webp&s=2465ff11e86bcc74bd5aab23ee752ede3d574762
+
+Edit 5 2:03
+
+All my favorite stocks have natural 5-minute halts
+
+https://preview.redd.it/hn5bnz1mti981.png?width=369&format=png&auto=webp&s=f5bc58c53d0f1fece983a3c84a477f559e9df0f7
+
+Edit 4 1:17
+
+Volume and buy pressure have dropped off pretty significantly, I would say that they are done covering the FTDs that were due today as this drop off has occurred across the entire basket. But we are finding some stability around 154 for now.
+
+https://preview.redd.it/0ir2vz3lli981.png?width=1534&format=png&auto=webp&s=19f050f604531b24daa0b0081464f0281401238e
+
+Edit 3 11:12
+
+Double top, two fails of the 160 resistance
+
+https://preview.redd.it/q6gm7ov4zh981.png?width=1531&format=png&auto=webp&s=e75f4194095a9115c1c77a88cb2dc3d35bd1878c
+
+Edit 2 10:45
+
+Just up...nice and slow but solid pressure across the whole basket, currently no put walls erected and the wall at 155 was sold off.
+
+https://preview.redd.it/a40709tjuh981.png?width=1533&format=png&auto=webp&s=02a89a59dfd2b8edf75218e9851b069bd1d36e04
+
+Edit 1 10:00
+
+At little volatile this morning but so is the overall market. Breaking out now to the upside and heading towards max pain. I forgot to include this earlier but don't forget that we have MM FTDs due today as well from Nov.26
+
+[net short](https://preview.redd.it/4eiv6tpomh981.png?width=208&format=png&auto=webp&s=6bbdf968f2c09438a11e40f0653b21b1b6a6b2f0)
+
+​
+
+https://preview.redd.it/xl8753nqmh981.png?width=1536&format=png&auto=webp&s=7389b4dc063487983347a2dac546478832689cd9
+
+# Pre-Market Analysis
+
+Nice morning run with some higher than usual pre-market volume,
+
+Volume - 22.56k
+
+Max-pain - 155
+
+Shares to Borrow :
+
+IBKR - 250,000 @ 0.8%
+
+Fidelity - 440,996 @ 0.75%
+
+[GME up 1% in the premarket](https://preview.redd.it/1t13zc10dh981.png?width=1535&format=png&auto=webp&s=f034f9e4c8e905612f340584e6e2b550afa55db7)
+
+CV\_VWAP
+
+https://preview.redd.it/0crijhvidh981.png?width=2455&format=png&auto=webp&s=61719608489e20e62f0b9ffc3970ff12c41bb268
+
+**Disclaimer**
+
+*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁
+
+*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.*
+
+\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
+
+*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.*
+**KEY POINTS**
+
+* **Nordstrom shares are trading nearly $20 a share lower than a $50 a share buyout offer it rejected as too low two years ago.**
+* **The slide doesn’t mean the company won’t be able to recover.**
+* **Part of the pressure on its shares is Nordstorm is making the investments it needs to survive, and being punished as a result.**
+* [https://cnb.cx/2xHyZsj](https://cnb.cx/2xHyZsj)
+Hi everyone,
+
+There is a serious supply problem in the uranium sector that can't be resolved in the short term (12-24 months). That uranium supply problem is due to:
+
+\- an important bear market from 2011 till 2018/2019 where not enough was invested for future new uranium projects to replace existing uranium mines that will get depleted in the coming years and
+
+\- the start of a new multi-year contracting cycle that started in 2021S2.
+
+\- growing "panic" in the nuclear fuel cycle from utilities (EUP and UF6 restocking)
+
+​
+
+**The nuclear fuel cycle:**
+
+step 1: uranium mining and mill ==> product is U3O8 (unenriched uranium)
+
+step 2: conversion of U3O8 into UF6 (Uranium Hexafluoride)
+
+step 3: enrichment (SWU) with input of UF6 ==> product of enrichment is EUP (Enriched Uranium Product)
+
+step 4: fuel fabrication using EUP to fabricate fuel rodes for nuclear reactors
+
+​
+
+**Latest update about the price increases in the nuclear fuel cycle:**
+
+Sources Quakes99 on twitter: Nuclear fuel prices for Uranium Conversion, UF6, enrichment SWU are already rising dramatically!
+
+​
+
+https://preview.redd.it/9mkjty4513q81.png?width=594&format=png&auto=webp&s=d0d5972b9b5cc0b2eaa922004c022cd9ea7ed521
+
+US brokers 'Uranium Markets' Friday, March 25, 2022 vs February month-end 2022:
+
+**UF6 +$34.50 to $177.50 +24%**
+
+**Conversion +$10 to $26 +63%**
+
+**SWU +$8.50 to $68.50 +14%**
+
+Uranium (U3O8) spotprice +$9.90 to $58.40 +20%
+
+Back to the working of the nuclear fuel cycle:
+
+**To produce EUP you need SWU and UF6.**
+
+**To produce more UF6, you need more uranium (U3O8)**
+
+==> **The significant increase in SWU, UF6 and Conversion price are "the canary  in the coal mine" for much higher uranium (U3O8) prices in the near  future.**
+
+Why?
+
+Because  the significant increase in SWU, UF6 and Conversion price are the result of a tighter situation higher in the fuel cycle do to increasing demand in EUP, SWU, UF6 and conversion.
+
+==>  The demand for uranium for short term delivery (because they want to  produce more UF6 in the short term (12-24 months), not 5 years from now) is increasing significantly!
+
+​
+
+**The needed short term delivery of uranium will come from:**
+
+**A) a couple uranium mine restarts (Paladin Energy, Lotus, Peninsula Energy, UR-energy, Energy Fuels)**
+
+**B)  Uranium from the spotmarket at a significant higher uranium spotprice, because there isn't enough uranium available through the spotprice around 60 USD/lb ==> This will signifcantly increase the LT uranium price at which Global Atomic (GLO on TSX), Denison Mines (DML on TSX), Boss Energy, Vimy Resources will sign future supply contracts, meaning that this will increase the stock value of those uranium companies significantly too.**
+
+​
+
+ 
+
+**The uranium sector etf's**
+
+https://preview.redd.it/81vs64kt13q81.png?width=669&format=png&auto=webp&s=4381d102c1d47e824618e999be3c8635346abb86
+
+While the uranium spotprice is already reacting to the growing shortage on the spot market and the  start of the new multi-year contracting cycle for new LT contracts that started 2021S2 (Signs from Cameco, Kazatomprom, Boss Resources, Paladin  Energy, …), the best known uranium sector etf, namely Global X Uranium etf (URA etf), and the 3 other uranium sector funds (URNM etf on US stock exchange, **HURA etf on TSX**, GCL on london stock exchange) is significantly lagging. Discovery by a larger group of investors and a bigger group of hedge funds is nearing!
+
+​
+
+**The combined market cap of the ENTIRE uranium sector was only \~41 billion USD at Friday closing (Thank you Stokdog on twitter) compared to:**
+
+https://preview.redd.it/q57actno13q81.png?width=680&format=png&auto=webp&s=8ee76a700175eba396f4c4ca13feba7ddc3de3bb
+
+An uranium spotprice of 75 USD/lb in 2022 and a combined market cap of 80 billion USD will not surprise me in 2022. In my opinion the uranium sector will reach an even higher combined market cap in the coming years.
+
+Investing in physical uranium is also possible through **Sprott Physical Uranium Trust (U.UN on TSX)**, Yellow Cake (YCA on london stock exchange) and in the future in Asia also through ANU Energy.
+
+This isn't financial advice. I'm only expressing my own opinion based on my own DD on the matter.
+
+Cheers
+I repeated Diane Reynolds' simulation, as described [here](https://hackernoon.com/simulating-a-decentralized-lightning-network-with-10-million-users-9a8b5930fa7a), using her program. The only change I made was that instead of having "11 different fee policies evenly distributed among users", each node simply asks for 0.01% fee (= value x 0.0001) to route a transaction. Some of the 11 fee policies were quite complicated, like "trying to make channels more balanced".
+
+Here are the main results:
+
+Payments attempted: 500,000
+
+Fee as a percentage of the payment 0.175
+
+Routing failed: 7
+
+Routing failed for big payments: 3
+
+Routing failed for mid sized payments: 1
+
+Routing failed for micro-payments: 3
+
+Average lengths of routes: 17.5
+
+So the payment failed for only 0.0014% of the payments. Note that for the last 100,000 payments, routing failed only once (1 midsizedpayment) and from 100,000 to 500,000 only 3 times (1 big, 1 mid size, 1 micro). The average total fee for a payment makes sense, as 0.01% x 17.5 hubs = 0.175% total fee. I didn't realize the program stopped after 500,000 payments and will now try to run it for more payments.
+
+**EDIT::** to see what happens when much more payments have occurred than there are users and channels, I've repeated the simulation with only 10,000 users. This means each user has 8 open channels and so (since each channel involves 2 users) there are about 40,000 channels open. The main result here is that mid size and micro payments almost always happen, big payments fail in 2.5% of the 1 million attempts. That's a really nice result because these big spenders can more easily choose to perform the payment on-chain: 
+
+Here are the main results:
+
+Users: 10,000
+
+Payments attempted: 1,000,000
+
+Channels that have been used (now at max): 40,552
+
+Users that have participated (now all): 10,000
+
+Fee as a percentage of the payment 0.11
+
+Routing failed: 24,927
+
+Routing failed for big payments: 24,774
+
+Average lengths of routes bigmpayments: 12
+
+Routing failed for mid sized payments: 147
+
+Average lengths of routes mid sized payments: 10
+
+Routing failed for micro-payments: 6
+
+Average lengths of routes micro-payments: 10
+I work for a bank and part of their company policy is that you can only trade through their broker and have to disclose any accounts and shares you have. You also have to get "clearance" if you want to execute a trade.
+
+I don't have many shares and want to sell, but now they are requesting I tell them the shares I have (they don't know if I have any yet) and to transfer the shares to their broker if I want to sell.
+
+My question is can I just sell without them knowing. I know they have requesed account closure statements from other employees.l before too.  Could they find out if I traded or not? The only information they have is which broker my account is with and the account number.
+I work for a bank and part of their company policy is that you can only trade through their broker and have to disclose any accounts and shares you have. You also have to get "clearance" if you want to execute a trade.
+
+I don't have many shares and want to sell, but now they are requesting I tell them the shares I have (they don't know if I have any yet) and to transfer the shares to their broker if I want to sell.
+
+My question is can I just sell without them knowing. I know they have requesed account closure statements from other employees.l before too.  Could they find out if I traded or not? The only information they have is which broker my account is with and the account number.
+Remember only 2 years ago, when interest rate was 1.68%, news outlets were reporting numerous 25 yos with 25 houses on interest only loans.  I wonder how they are going?
+So I recently hit a million dollars net worth which I got excited about at first, but then realized that the way I allocated my assets makes it challenging to FIRE.    
+
+
+My allocations looks something like....
+
+200k - 401k 
+
+200k - index funds, reit's, stocks, bonds
+
+600k - paid-off house
+
+​
+
+The last one is key. I spent a lot of my money trying to pay off the house early, which I did. However, looking at the above, 20% of my money is capable of truly generating passive income . The 401k, I can't exactly extract money out of there to pay for my living and i am in my 30's so I have a ways to go to pull from it. The house is paid off which does reduce my monthly expenses BUT overall it isn't enough for me to live passively.  I could 'sell' the house, but then i have to buy in the same market which puts me in a bad spot. 
+
+  
+That leaves the stocks/funds etc that can 'generate' passive income but obviously the amount is just not enough to live on.  Am I looking at this wrong ? Would it be possible to FIRE with what I have above? The amount of money makes me feel like I should, but I don't feel like it is possible when I crunch the numbers.
+*Ok, this may be huge or it may mean nothing depending how you interpret the content of this ruling, so I will go ahead and summarize this because I think it's relevant to GME.*
+
+[https://www.federalregister.gov/documents/2021/05/14/2021-10173/self-regulatory-organizations-ice-clear-credit-llc-order-approving-proposed-rule-change-relating-to](https://www.federalregister.gov/documents/2021/05/14/2021-10173/self-regulatory-organizations-ice-clear-credit-llc-order-approving-proposed-rule-change-relating-to)
+
+This is a 22 page SEC approval of the proposed changes brought up by  ICE Clear Credit LCC (“ICC”), a covered clearing agency. So what is a *Covered clearing agency?*  It is a registered clearing agency that provides the services of a central counterparty or central securities depository.  In order to address counterparty risk, members must provide collateral to ICE Trust \[ICE Clear Credit LLC since July 16, 2011\] to cover their obligations under cleared CDS (credit derivatives). Members must also make initial and ongoing contributions to a guaranty fund that can be used by ICE Trust in the event of a member default (Forrester et al 2009).
+
+As published on their website, "*Financial resources held at the clearing house, including margin and clearing member guaranty funds, total more than $33 billion.*
+
+*ICE Clear Credit's current margin on deposit is $46,399,000,000. In the event of a default, only the margin of the defaulting clearing participant and defaulting customer may be used for default management. In the event the resources of a defaulting clearing participant are insufficient to cure the default, the below financial res*ources are available to ICE Clear Credit: Minimum Total Assets available $3,213,000,000".
+
+Back to the SEC approval. ICC was asking the SEC to update and formalize the ICC Recovery Plan and the ICC Wind-Down Plan in case of credit losses, liquidity shortfalls, losses from general business risk, or any other losses **in the event that it comes under severe stress**.  The Recovery Plan discusses the tools that are available to ICC to address a situation where ICC experiences liquidity shortfalls triggered by a default of one or more CPs (Citadel and Co?) and has insufficient liquid resources in the proper currency to meet payments obligations. . The first step of the recover plan starts with the Default Committee, which is responsible for assisting ICC during the execution of certain default management and recovery procedures and convenes upon the declaration of default. They basically meet as soon as s\*\*\* hits the fan (in this case, a hedge fund/member gets margin called).
+
+Their proposed Wind-Down plan provides a plan for orderly wind-down of ICC in the event the actions described in the Recovery Plan fail. If ICC runs out of money, the obligations are transferred to another clearinghouse, or ICC is sold to another entity.
+
+This is the summary of the 22 page ruling and hopefully others can offer their insights on this.
+[Article](https://www.businesswire.com/news/home/20220516005312/en/GameStop-Appoints-New-Chief-Operating-Officer)
+
+May 16, 2022 07:00 AM Eastern Daylight Time
+
+GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced it has appointed Nir Patel to the role of Chief Operating Officer, effective May 31, 2022. Most recently, he was Chief Executive Officer at Belk, a privately-owned national retailer with more than 300 stores across 16 states. He previously held senior roles at Kohl's and Lands’ End after beginning his career at Target and Gap. He has approximately two decades of experience in operations, merchandising, supply chain, and retail and store operations.
+Hi guys
+
+I’m 26 and earning 60k a year in London (currently single). I’ve got about 20k saved up and was wondering about leasehold vs freehold.
+
+The dilemma I have now is that I live with my parents and whilst saving up all this money is nice and all, it’s difficult because well, you know what parents are like.
+
+I would like to go out on my own.
+
+Most of my mates tell me to buy freehold but they’re all in relationships and there’s no way I can afford a freehold by myself in London.
+
+Reading around reddit etc people make it sound like leasehold is the worst decision you can do?!
+
+Some things to take into note from reading/talking to people about flats
+
+-	ground rent
+-	service charge
+-	maintenance company and its reputation
+-	you don’t actually choose who you live with (my friend who purchased a property in Coventry tell me the tenants around him are animals and throw rubbish everywhere)
+-	technically you don’t actually own the flat
+
+Have any of you had a good experience with purchasing a flat in London? What do your monthly outgoings look like? Why would you recommend it?
+
+Whatever happens I’m going to wait till after Brexit if I were to make a purchase.
+
+I’m kind of hopeless with relationships, so I don’t even know how long it’ll be till I get into a relationship.
+Hey everyone, I’m an insurance producer licensed in 38 states. I’m not here to sell anything, in fact I won’t even mention my company’s name, but I wanted to share some tips on insurance that will save you money, and I thought PF would be a good place to start. The numbers used are examples, so before you make any changes you should consult your insurance professional and/or someone with experience in these matters who can give you answers detailed to your specific situation.
+
+ 
+
+**Renters Insurance is a HUGE bargain, might not even cost anything.**
+
+ 
+
+Renters insurance covers quite a few things, including:
+
+* Coverage for your personal content, even if it’s not in your home (eg: items in your car. Certain limits apply for traveling and storage). I typically see this coverage at 10k+
+* Coverage if you are temporarily displaced,( eg: you need to stay at a hotel while your house is being repaired for smoke damage, money to replace lost clothes, increased food expenses because you’re eating out every day since you don’t have a stove, etc.) I typically see this coverage at 30% the above number
+* Coverage for liability (eg: someone falls in your apartment and breaks their leg, sues you for negligence). I typically see this at 300k
+* Coverage for your defense costs (eg: lawyer fees, small allowance if you need to miss work to attend court hearings, etc.) This is included.
+
+And how much does this coverage cost (including the numbers I used above)? Usually under $200; I typically see 150, but I have seen it go as low as 90. PLUS, if you bundle your renters and auto, sometimes the discount on auto will cover the renters (eg:$200 savings on auto, renters cost 150, net savings: 50.) Call your auto insurance, ask if they have renters. If it’s too much, say thank you and call the next agency.
+
+ 
+
+What would a worst case scenario look like? Well, try /r/legaladvice, browse around for a bit. For the lazy, imagine you accidentally start a small house fire while cooking. It damages a few thousand dollars’ worth of your stuff, plus you have to live in a hotel while it’s being repaired, and your landlord is going after you for damages because he has to pay for the repairs. If you don’t have renters insurance, you’ll be paying all of that out of pocket. Oh, but if you DO have renters insurance? You’re paying the deductible (typically 250 or 500), and then letting your claims adjuster deal with everything else. Have to take time off work to go to court to prove you’re not negligent? They have you covered.
+
+ 
+
+**Higher Deductibles will save you more money, especially over the long run**
+
+ 
+
+General rule: At LEAST $500 deductible on your auto, preferably $1k. For homeowners insurance, it’s best to go with at LEAST $1k, preferably 2.5k or even 5k. Renters can get away with 250 or 500, honestly.
+
+ 
+
+Why?
+
+ 
+
+The difference is usually several hundred a year, and you pay the deductible before the insurance pays anything. 
+
+ 
+
+I go into this a little more later, but say for example your insurance is 1500 a year with a 1k deductible, and 900 a year with a 2.5k. After 4 years, with a 1k deductible, you’ve paid 6000 to the insurance company, and then you’ll have to pay another 1k in the event of a claim. After 4 years with a 2.5 deductible, you’ve paid 3600  to the insurance company, and put aside 2400 that would have gone to the insurance company, so basically covered your deductible. One more year, you can use the $600 you’ve saved to cover the deductible with $500 additional savings to do whatever you’d like.
+
+ 
+
+**Insurance should only be used in an emergency/making claims will increase your rates**
+
+ 
+
+This is the one that gets people the most. You pay 1500 a year for insurance, you’ve been paying the last ten years, so why shouldn’t you make a claim when you’ve already paid then 15k? Because it’s going to raise your rates.
+
+ 
+
+Why?
+
+ 
+
+If you don’t make any claims, you’re put in a group, “unlikely to make a claim”. Because you’re in that group, you get more favorable rates. If you make a claim, you automatically switch to a different group, “likely to make a claim.” Because you’re in this group, you’ll get less favorable rates. On auto, it will last for 3 years; on home, five. It doesn’t matter if you haven’t made a claim in your entire LIFE up until this point; as far as the insurance company can see if, you’ve made a claim and will be much more likely to make another.
+
+ 
+
+For example: Let’s say you have a 1k deductible.  Someone breaks into your car, steals your purse worth 1500. Personal property is covered by your home/renters, so if you make a claim your home will pay out $500 (cost of loss-deductible). They now see you as riskier, so they will increase your rates. Maybe $300 a year for the next 5 years; you’ll pay $1500 over the next five years, plus you’ve already paid the $1000 deductible, so now you’ve paid $2500 for a $1500 purse. In this case, it will cost you less to just buy a new purse out of pocket.
+
+ 
+
+On the other hand, if you have a kitchen fire that does $30k in damage? Yeah, make a claim on that one.
+ 
+ 
+
+**Most vehicles don’t need “full coverage”**
+ 
+ 
+
+Unless A) Your vehicle is financed, then it’s required by your financing company, or B) Your vehicle is less than 10 years old, then your vehicle will pay out more. 
+ 
+ 
+
+Why?  
+
+ 
+
+* Full coverage isn’t an industry regulated term. Professionally, it means nothing. It usually includes collision and comprehensive coverage; some companies will also throw in towing, glass, and rental.  If you ask for full coverage, you could be getting anything.
+* Your policy will typically only pay out collision if you’re at fault. If the other driver is at fault, their insurance will pay out.  Comprehensive does cover more, so you can get away with having comprehensive (vandalism, theft, tree falls, hit deer) but no collision (you hit object)
+* We will only pay out what the vehicle is worth. Not what it costs to get a new vehicle of this type, not what it costs to get a used vehicle of this type. Doesn’t matter if you paid $35k for the vehicle 10 years ago, doesn’t matter if it costs $15k ro replace it today, we’re only going to pay out the Actual Cash Value, and it typically isn’t 15/35k on a 10 year old vehicle (Much more common is less than 5k)
+* You actually end up paying the company more than it would pay you in the event of a claim, because “full coverage” costs more than liability only.
+ 
+ 
+
+For example:
+
+ 
+ 
+Let’s say you have a buy a vehicle in 2001 for $20k. ACV is 3k. Your insurance is 1000 liability only, 1500 with collision and comprehensive, with a 1k deductible. Over the course of 4 years here’s what your insurance totals will look like:
+
+ 
+ 
+ |Liability only | Full coverage
+----|----|----
+1|	1000|	1500 (500 extra)
+2|	2000|	3000 (1k extra)
+3|	3000|	4500 (1.5k extra)
+4|	4000|	7000 (2k extra).
+ 
+
+ 
+
+Liability is what you have to pay anyways, so unfortunately there’s not a lot you can do to get around that. For the collision and comp, you’ve paid out 2k extra over the years. If you have an accident right now, the ACV is 3k, minus deductible (in this case 1k). So the most they’ll pay out is 2k, which is the amount you’ve paid them, so you break even. Ever year after that that you don’t have an accident, you’re paying them money that you will never get.
+
+ 
+
+
+The exact amounts vary, which is why I have the general rules A and B above. If you’re not entirely sure, find out the rough value of what your vehicle is worth. Price liability only coverage (that’s coverage if you hit someone), and liability+ collision and comprehensive coverage (coverage if you hit someone, and also for your own vehicle).  Take the rough value of your vehicle, subtract your deductible, this is X. Then take (the price of your quote with collision and comprehensive) and subtract (the price of your quote with liability only). This is Y. X divided by Y is how long it will take you to “break even” if you were to have an accident (although this is obviously not the goal).
+
+So I have a friend who's visiting the UK in February. 
+
+What are the repercussions if I paid him to buy me a brand new computer in which he gets the VAT written off. 
+
+Thanks
+Guten Tag to this global band of Apes! 👋🦍
+
+As RRP hit another all-time-high, well above $1.4T yesterday a day ahead of the quarter-end, we can expect to see a new high today - will it be $1.5T? The euro continues to drop against the dollar, and while that might not indicate anything for GME it is a trend I've noticed and wonder about. Obviously the big news are the details leaked about Robinhood and Citadel colluding to perform insider trading and market manipulation. The intensity with which they are defending is a strong indication that their position is indefensible if revealed completely. They are fighting to prevent the full details from being known. It seems to be a futile attempt - more information is revealed daily, and their attempts to distract with FUD, forum sliding, and anti-DRS propaganda is wasted.
+
+Meanwhile, Steven A. Cohen is likely very pleased to have been left out of the bulk of it so far. Citadel wasn't the only SHF involved in Robinhood shutting down the Buy button. I'd love to see more about Point 72's involvement in this scandal.
+
+Finally, the battle over the US debt limit is reaching a crescendo, and has the potential to ignite a volatility bomb on the markets. I suppose we'll have to wait and see what happens there!
+
+Today is Thursday, September 30th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟥 120 minutes in: **$179.21 / 153,78 €**  *(volume: 882)*
+- 🟩 115 minutes in: $179.38 / 153,93 €  *(volume: 882)*
+- 🟩 110 minutes in: $179.36 / 153,90 €  *(volume: 882)*
+- 🟥 105 minutes in: $179.27 / 153,82 €  *(volume: 879)*
+- 🟥 100 minutes in: $179.37 / 153,91 €  *(volume: 848)*
+- 🟥 95 minutes in: $179.41 / 153,95 €  *(volume: 831)*
+- 🟥 90 minutes in: $179.44 / 153,97 €  *(volume: 831)*
+- 🟩 85 minutes in: $179.47 / 154,00 €  *(volume: 824)*
+- 🟥 80 minutes in: $179.44 / 153,97 €  *(volume: 812)*
+- 🟩 75 minutes in: $181.16 / 155,45 €  *(volume: 655)*
+- 🟥 70 minutes in: $178.68 / 153,32 €  *(volume: 584)*
+- 🟩 65 minutes in: $178.71 / 153,35 €  *(volume: 572)*
+- 🟥 60 minutes in: $178.64 / 153,29 €  *(volume: 568)*
+- 🟥 55 minutes in: $178.67 / 153,31 €  *(volume: 568)*
+- 🟥 50 minutes in: $178.73 / 153,36 €  *(volume: 553)*
+- 🟩 45 minutes in: $178.80 / 153,43 €  *(volume: 553)*
+- 🟥 40 minutes in: $178.73 / 153,36 €  *(volume: 430)*
+- ⬜ 35 minutes in: $178.92 / 153,53 €  *(volume: 284)*
+- 🟩 30 minutes in: $178.92 / 153,53 €  *(volume: 264)*
+- 🟩 25 minutes in: $178.66 / 153,30 €  *(volume: 131)*
+- 🟩 20 minutes in: $178.44 / 153,11 €  *(volume: 130)*
+- 🟩 15 minutes in: $178.32 / 153,01 €  *(volume: 130)*
+- 🟩 10 minutes in: $178.01 / 152,75 €  *(volume: 65)*
+- 🟩 5 minutes in: $177.96 / 152,70 €  *(volume: 55)*
+- 🟩 0 minutes in: $177.78 / 152,55 €  *(volume: 55)*
+- 🟩 US close price: $175.92 / 150,95 €   *($176.00 / 151,02 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1654. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+Do me, and everyone else a favor and read the entire thing before commenting.  There's a significant trend on this sub of people just commenting bullshit based on what they think a post might say before reading it.  There's a lot of explanation and context here so take your time if you're looking to learn. 
+
+
+Just a straight copy/paste from his newsletter today: 
+
+If a lot of people on Reddit band together to drive the price of a stock higher, is that illegal? I have been asked that question a lot recently, and I want to be clear that:
+
+1.	I don’t know, and
+
+2.	If I did know, I wouldn’t tell you, because I do not give legal advice in this newsletter, and I particularly do not give legal advice that people on Reddit might read while pumping up stocks.
+
+
+
+That said I suppose we should talk about the question in general and extremely not-legal-advice terms. I guess my answer would be that it might be illegal in all sorts of ways, but it is not obviously illegal, and if the U.S. Securities and Exchange Commission were to go after WallStreetBets for this stuff they will be breaking new ground and going beyond their previous cases. I do not want to say “this stuff is all fine,” but I will say I am not all that bothered by it.
+
+There are two main things that are illegal. One is “securities fraud.” This basically means lying about a stock. The other is “market manipulation.” Nobody knows what this means. Legally, it means something like:
+
+>To effect, alone or with 1 or more other persons, a series of transactions in any security … creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.
+
+So if you buy stock with the purpose of pushing the price up so that other people will buy it, that’s market manipulation. If you buy stock hoping that the price will go up because other people buy it, that’s not market manipulation; that’s just normal. Those things are not so different. There is a “traditional four-part test for manipulation that has developed in case law”: 
+
+
+1.	I buy some GameStop stock.
+
+2.	I put out rumors—in my subscription newsletter, on Reddit, in fake press releases, whatever—about some catalyst for the stock to go up. “Hey I hear from an inside source that GameStop just got an exclusive contract to supply downloadable video games in Tesla cars,” etc.
+
+3.	People see these rumors, believe them and buy GameStop stock, pushing the price up.
+
+4.	I sell the stock to them at the higher prices.
+
+
+So consider the general concept of a “pump-and-dump” scheme. The most classic pump-and-dump goes like this:
+
+1) I buy some GameStop stock.
+
+
+2) I put out rumors—in my subscription newsletter, on Reddit, in fake press releases, whatever—about some catalyst for the stock to go up. “Hey I hear from an inside source that GameStop just got an exclusive contract to supply downloadable video games in Tesla cars,” etc.
+
+
+3) People see these rumors, believe them and buy GameStop stock, pushing the price up.
+
+
+4) I sell the stock to them at the higher prices.
+
+This is very straightforwardly illegal and the SEC goes after this stuff all the time, alleging securities fraud. Lying about stocks. Here is the SEC’s “Investor Alert: Social Media and Investing -- Stock Rumors,” which pretty much defines a pump-and-dump this way:
+
+>For example, in a “pump-and-dump” scheme, promoters “pump” up the stock price by spreading positive rumors that incite a buying frenzy and they quickly “dump” their own shares before the hype ends. Typically, after the promoters profit from their sales, the stock price drops and the remaining investors lose money.
+
+There are variations. The SEC has gone after forms of dishonesty that aren’t quite lying about the stock. For instance, if you are a widely followed stock promoter with a subscription tip newsletter, and you email tips to your subscribers and then sell your stock to them while saying that you’re buying, that seems dishonest, and the SEC will go after you. Or if you are a promoter or research firm and you put out positive research about a company, but you don’t disclose that the company paid you to put out the research, that is also bad. 
+
+Now, I think you could do a pump-and-dump without any actual lying. For instance:
+
+
+1.	I email subscribers to my expensive private newsletter saying “hey let’s pump GameStop.”
+
+2.	We all buy GameStop, knowing that we’re just doing it for the pump, with no real or fake catalyst for the stock to go up.
+
+3.	It goes up, because we bought a lot of it. 
+
+4.	Other people, innocents and high-frequency trading algorithms, see it go up on heavy volume and think “hey this is a good stock, we should buy it.” They buy it, pushing the price up.
+
+5.	We sell the stock to them at the higher prices.
+
+
+In this version, I have not lied about a stock. On the other hand, I have effected transactions in the stock to create trading activity and raise the price, for the purpose of inducing people to buy it. Seems like market manipulation, “painting the tape” or something. The SEC goes after stuff like this occasionally.
+
+I think that in modern markets you could even do a bit better than that and have a completely honest pump-and-dump:
+
+1.	I show up on Reddit and say “hey let’s pump GameStop.”
+
+2.	We all buy GameStop, knowing that we’re just doing it for the pump, with no real or fake catalyst for the stock to go up.
+
+3.	It goes up, because we bought a lot of it. 
+
+4.	Other people see us doing this, read my Reddit post, know we are pumping the stock, and also buy it, because we seem to be having fun, and they like fun too.
+
+5.	Eventually some of us get bored and start selling and the price collapses.
+
+
+The point here is that it is at least theoretically possible that no one buys stock for any reason other than “hey it’s a fun pump.” That is, no one is deceived about the fundamentals (there’s no fake news about the company), and also no one is deceived about the technicals. No one says “huh this stock is up on a lot of good buying pressure, I should buy some”; everyone who buys says “hey this stock is up because it’s being pumped, and if I get in now I might still get out before it collapses, and that’ll be fun.” It is “respect the pump” as a quasi-mystical mantra.
+
+I bet the SEC would say that’s market manipulation, but I am not so sure. I suppose we did our trading “for the purpose of inducing the purchase or sale of such security by others,” but not by deceiving them about what’s going on. “Join us in a fun game of chicken,” was our basic message here. Did we try “to create or effect a price or price trend that does not reflect legitimate forces of supply and demand”? Who’s to say what’s “legitimate”? Surely the price did not reflect expectations about future cash flows, but just as surely the price reflected supply and demand: We all wanted to own it because we were having fun, so the price went up. 
+
+Anyway, the actual GameStop situation. I suppose it’s possible that someone on Reddit has posted fake rumors about GameStop’s business, but I haven’t seen any. The posts I’ve seen about GameStop have been either (1) substance-free “GME to $1,000” stuff or (2) arguments based on publicly available information plus personal opinion and guesses about the future. They might be wrong or exaggerated or misstated, but it’s not, like, core fraud.
+
+Is it manipulation? Well, there is not a lot of deception here. No one is buying GameStop stock because they think to themselves “boy this stock is going up a lot on heavy volume, must be a bunch of big institutions who see fundamental value here.” There is absolutely wall-to-wall coverage of GameStop in financial media, and it pretty much all says “lol those crazy redditors, pushing up the stock for no reason.” So at worst this is a sort of honest pump, people banding together to do it for the lolz and hoping they can get out before it collapses. 
+
+I’m not even convinced it’s that though. The stock closed Friday at its all-time high. Roaring Kitty was up $11 million. Everyone came back on Monday and did it again. My model here—and I should emphasize this is purely a guess—is that the people most identified with the GameStop trade on Reddit, at this point, are much more interested in securing their legendary status on Reddit than they are in taking profits at the expense of whoever came in later. 
+
+You could have other miscellaneous theories about words like “collusion” and “short squeezes.” Is it illegal for people to band together to all buy stock at the same time? “If institutional investors had an internet site or chat where they arguably cajoled each other or coordinated to buy stock to move the price higher,” one reader asked me by email, “wouldn’t that be stock manipulation and wouldn’t the SEC get involved?” 
+
+Well, a while back there were reports that the SEC was looking into hedge fund “idea dinners,” where hedge funds get together to pitch each other on their third-best ideas. 1  That sounds like institutional investors having a chat where they cajole each other to buy stock in a coordinated way. But the SEC wasn’t concerned about market manipulation. The SEC was concerned that the hedge funds might be a “group” under the securities laws, if they teamed up to own more than 5% of the stock, and that they hadn’t made the necessary group disclosures. This is less of a concern for small retail investors, just because they are less likely to get above 5% of the company. 2  Also it doesn’t seem like the idea-dinner probe went anywhere. Telling your friends that you like a stock and they should buy it is, more or less, fine.
+
+Or is a short squeeze illegal? One popular topic on WallStreetBets is recalling stock borrow. Kochkodin’s article describes one call to action in April 2020:
+
+>The final all-caps sentence imploring GameStop owners to call their brokers and tell them to not lend them short opened a new theater to wage war against short-sellers.
+
+>It’s a little known fact, and one that you wouldn’t expect to learn on a Reddit message board, that a stockholder can request that shares they own outright not be lent out to short-sellers.
+
+If everyone bands together to recall stock borrow, there will be fewer shares available for short sellers, and the short sellers will be forced to cover their bets by buying stock, pushing the price up more. Is that illegal? Is it illegal to make borrow impossible with the goal of messing with short sellers?
+
+The SEC might think so, actually. In 2012, it brought charges against Phil Falcone and Harbinger Capital Partners LLC for, among other things, having “conducted an illegal ‘short squeeze’ to manipulate bond prices.” I confess I do not understand why the SEC thought a short squeeze was illegal, or what they think the fraud was, but the Falcone short squeeze is one of my all-time favorite financial stories and I advise you to read the complaint for humor and inspiration. Quick summary: Falcone owned some bonds of a company called MAAX Holdings Inc. “After hearing rumors that a Wall Street financial services firm was shorting the MAAX bonds and also encouraging its customers to do the same, Falcone decided to seek revenge.” So he bought all the MAAX bonds. Then he bought more: Short sellers would borrow MAAX bonds (presumably from him), and then sell them to him, so that he ended up with “22 million more bonds than MAAX had ever issued.” Then he stopped lending them out, forcing the short sellers to buy bonds to cover their shorts. But there were no bonds to be bought, since he owned them all (and more). At some point an executive from the “Wall Street firm” called up Falcone to talk about the situation, and even in the SEC’s dry language you can tell that it was one of the greatest conversations in all of Wall Street history:
+
+>At some point, the conversation turned to the trading in the MAAX bonds. The senior officer asked Falcone how the Wall Street firm might satisfy its obligation to Harbinger. Falcone stated that the Wall Street firm should just keep bidding for the bonds. Falcone acknowledged that the Wall Street firm would suffer some losses doing so, but told the senior officer and the others that sometimes you are just on the wrong side of a trade.
+
+>In the course of this discussion, Falcone stated that he knew that the short position in the MAAX zips had created a “long” position in excess of the issue size. When the senior officer asked how he could possibly know this, Falcone stated that he was working the position himself and that he (i.e., Harbinger) had acquired approximately 190 million bonds. The senior officer and the other the Wall Street firm personnel were stunned.
+
+“Just keep bidding for the bonds,” “sometimes you are just on the wrong side of a trade,” I love it so much.
+
+Where were we? Oh, right, GameStop. I suppose a really coordinated successful effort to squeeze borrow might count as market manipulation, at least in the SEC’s view, but I’m not sure how serious this effort was. In any case it hasn’t worked. “Despite a punishing two weeks and relentless chat-room taunting, GameStop Corp. haters are showing no signs of surrender,” Bloomberg reported yesterday; short interest has barely budged, and there are still shares available to borrow.
+
+I don’t know. Taking a step back: Should the SEC care about all of this? On the one hand, I do not see a whole lot of deception in this GameStop situation. The SEC’s core concerns, about people lying about stocks and tricking the innocent, don’t seem especially implicated here; everyone is having reasonably informed and consensual fun. 
+
+On the other hand it is all pretty dumb? Like if you are a securities regulator, you can think of your job narrowly as preventing people from lying about stocks, or more broadly as encouraging capital formation and fostering confidence in markets and moving markets toward efficiency and perfection. And, you know, this is the opposite of that. A popular conclusion from the GameStop story is “well I guess the stock market is nonsense now,” and I’m not sure that conclusion is wrong. Seems like the sort of thing the SEC wouldn’t like. But what can they do about it?
+
+Here's the full article, there's a bunch of linked sources where he adds resources on previous occurrences or other court cases/SEC actions, but I'm way too lazy to edit all of those links in: https://www.bloomberg.com/opinion/articles/2021-01-26/will-wallstreetbets-face-sec-scrutiny-after-gamestop-rally
+I got a job offer in the Bay Area ($120,000 a year, Sunnyvale), and am moving there in 2 months. I'm having trouble finding out if I should get a car or not because it seems like I can get away with not getting one.
+
+I mostly have these two options available:
+
+1. (No car) An apartment for \~$2,400/month with a 15 min walk to my office, has a grocery store right across the street, and has has multiple nearby bus stops.
+2. (Would need a car) An apartment for \~$1,800/month with a 15 min drive to my office / groceries / stores
+
+I've never had a car, but it seems the car/insurance/gas/maintenance costs can add up to the expensive apartment amount. On the other hand, having a car does provide "freedom" and the area is not known to have the best public transportation. I've previously lived in a walk-able city, so I may just be trying to hang on to the no car lifestyle. Does it make sense to pay for a more expensive apartment if I can offset the cost by not having a car?
+I've just bought a house and I'm currently purchasing furniture for it.
+
+I'm buying the bedding from John Lewis. They say that one of the things you should never "cheap out" on is a mattress. I'm willing to spend around £1200. 
+
+Are pocket sprung generally regarded as being better than memory foam?
+
+I don't suffer from any back issues. I just want something super comfortable, doesn't everyone!
+You always hear about how corporations and the media condescendingly lecture about how we're supposed to change our lifestyles in order to be greener all while they continue to spew toxic waste materials from their factories and manufacturing plants. What adds to the hypocrisy is that all these "environmentally progressive" leaders use their private jets to go to environment summits to barely pay attention to what's going on. Also, add to that the active fear-mongering towards nuclear energy, one of the greenest energy sources known to man, and twisting it into a nuclear apocalypse ticking time bomb.
+
+But let's talk about mining, how it's detrimental to the environment. No, I'm not talking about cryptocurrency mining, I'm talking about coal mining, which, long before the birth of Cryptocurrency, has been the black stain of the environment and contributed to climate change before crypto mining even existed. What's worse is that these mining companies use cheap labor in third world countries to mine for coal, which is one of the most dangerous and health hazardous jobs in the world, all for the sake of being as profitable as possible.
+
+All this is happening, yet these pretentious fucks want to lecture us cryptocurrency miners about how we're a bane to the environment? FUCK off. It wasn't my fault that oil and natural gas was used as the main power source of nations years before I was born. Countries had to literally invade and destroy nations and other peoples' lives for oil, yet the same politicians want to point their fingers at miners.
+
+You fucks wanna talk about the environment? Change your main power sources to green energy, and then we'll talk. But for now, I'm just gonna sit back and mute your voices over the sound of my 80 decibel miner.
+
+Edit: Removed a word
+
+Edit 2: I'm seeing numerous replies about Whataboutism. Your very own homes, with your plugged in electronics and appliances, are consuming a lot of energy (even when these electronics and appliances are not in use). These glamorous Christmas lights that people put up from November until Valentine's day, huge energy consumers. Main point is that as long as nations are using energy sources that generate pollution and greenhouse gases, every single necessity that we use (lights, cars, houses, computers) will negatively impact the environment.
+In addition to that, and this specifically applies to Americans, I keep hearing about HOAs that prohibit homeowners from installing solar roof panels on their homes just because they look ugly or ruin the aesthetics, and add to that people not liking wind turbines because they either look hideous or kill birds, or nuclear energy because people think that another Chernobyl is bound to happen. As long as this mentality is prevalent, expect nothing to change.
+ 
+
+Welp here we are... on the doorstep of hell
+
+ seeing this is from July 9th it's fun
+
+[https://www.cnbc.com/2021/07/09/debt-ceiling-2021-democrats-have-options-but-no-clear-plan-yet.html](https://www.cnbc.com/2021/07/09/debt-ceiling-2021-democrats-have-options-but-no-clear-plan-yet.html)
+
+​
+
+I find it insane that we are all expected to live within our means, and not default on loans and such.  These full retards can't even raise their own debt when they have complete control over the situation.  Maybe that's part of the "plan" but this outcome is looking like a superstonk prophesy.
+
+\-Foreclosures begin
+
+\-Debt ceiling achieved
+
+\-Rates jump
+
+\-Stock market gets wild
+
+\-Shorts have to close
+
+​
+
+I like the Stonk...
+
+I'm retarded, don't listen to me
+Wow Guys,
+
+Just want to say thanks to everyone in this sub that shares useful information and insightful ideas.  It’s been amazing to watch this place grow since I got here in 2016 and see the tech start to really come alive before our eyes.  
+
+ETH has really changed my outlook on life and provided some amazing financial independence that I thought was near impossible with a huge student loan debt looming over me.  When my portfolio hit $10k it gave me the confidence I needed and the financial cushion to start a new business while I was navigating the depressing chasm of finding a job after graduating grad school in June.  
+
+That business grew into something sustainable, and I also found a fulfilling job that is the beginning of great career.  Investing in ETH really got me focused on diversifying my income sources.  This year I should be set to match my jobs income with my side business.
+
+ETH came at a decisive point in my life and has really pushed me in the right direction.  Short term gains are nothing compared to what we will experience 5-10 years from now.
+
+Thanks everyone for being great, funny, and overall supportive.
+
+Here is to a wonderful year filled with anticipation and awe!
+
+EDIT: because I have gotten lots of PMs asking the business I started is called Gifts for Designers
+
+Link: https://giftsforadesigner.com
+Guten Tag to this global band of Apes! 👋🦍
+
+This steady upward march is great to see, though it is little solace against the backdrop of the DTCC's fuckery.
+Yesterday, I was enthralled by the DD credited to u/Daddy_Silverback, who shared insights about how the SFT schemes that are used to avoid delivery obligations would have been *ruined* by the DTCC handling the splividend correctly instead of as a traditional split.
+While I haven't yet been able to digest all of the information, I think that this is a very compelling case.
+We've known for years that the SHFs were using derivatives to hide their short exposure, but it was unclear where many of the FTDs were being hidden.
+If you haven't yet read it, [I highly recommend that you take a look](https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/).
+
+Meanwhile, another stock announced a stock dividend, though implemented in a different manner than GameStop's.
+They are issuing a different form of stock, valued at $0.01, and will distribute 1 share for share of the common stock.
+I am not sure that that company is in a similar situation as GameStop, but I'll be very curious how the DTCC handles the distribution of these shares and whether it has the effect that many of their investors believe it will.
+While they are two different dividend mechanisms, this seems like it has the potential to add an additional challenge to some institutions that are already in a pretty difficult position.
+
+I continue to be impressed by the rate of DRS.
+It seems that now that we are over halfway through the process of locking the float, our momentum is just increasing.
+The past week's events have made it incredibly clear that the best place to HODL with Diamantenhände is ComputerShare, and I'm eager to see the day that we have every share safely tucked away.
+Thank you Apes for helping to make it happen.
+
+Today is Friday, August 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
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+- 🟩 US close price: $38.36 / 37,63 €   *($37.71 / 36,99 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0194. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+On one hand, ABBV is losing market share of its blockbuster biological drug Humira, as patents begin to expire in coming years and new comparable biologics by other companies (6 in total. ex. Cyletezo) will be allowed on the US market starting 2023. Furthermore, Warren Buffet recently unloaded a large stake in ABBV. 
+
+On the other hand, ABBV is a dividend beast, with increasing payouts for 49 years straight, and unlikely to relinquish such a track record. Furthermore, even as the sun is beginning to set on Humira, ABBV still has two newer drugs, Skyrizi and Rinvoq, that are still available to be aggressively marketed and generate profits. 
+
+Best case scenario, ABBV stock continues to grow and raise dividends. 
+
+Worst case scenario, ABBV stops making profits in coming years as Humira loses market share, the stock decreases in value, ABBV diverts cash reserves from R&D to continue paying dividends, eventually goes into debt and can no longer pay dividends, eventually rendering the stock worthless compared to its standing today. 
+
+Thoughts?
+Guten Morgen to this global band of Apes! 👋🦍
+
+Today is a market holiday in the US, but the German Markets are trading.
+As usual on such days, I will cover the entire trading session.
+
+Obviously the big news of the weekend is the tragic suicide death of the BBBY CFO.
+This is obviously a terrible turn of events.
+The media is clearly trying to link this to Ryan Cohen, as well as trying to paint Apes in a bad light.
+Though we all see right through their falsehoods, there is no doubt that this is going to stick in the minds of some.
+We all expected the FUD, but them stooping to this level is a whole new layer of it.
+
+It changes nothing.
+Our Diamantenhände are stronger than ever.
+If they manage a dip to coincide with this FUD campaign, it will only discount our newest purchases.
+DRS continues to be the way, and I cannot wait to see what earnings this week shows us.
+
+Today is Monday, September 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
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+- 🟩 10 minutes in: $27.87 / 27,89 €  *(volume: 371)*
+- 🟥 5 minutes in: $27.84 / 27,86 €  *(volume: 371)*
+- 🟩 0 minutes in: $27.88 / 27,90 €  *(volume: 356)*
+- 🟥 US close price: $27.36 / 27,38 €   *($27.49 / 27,51 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9993. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+[Official statement](https://twitter.com/AskRobinhood/status/1237016846282280961) on Robinhood's Twitter account alerts that all trading operations are currently down. Robinhood's status page likewise [shows "Major Outage"](https://imgur.com/OrW8FCw/) on all trading features: Equities, Crypto, and Options.
+In Southern California looking for housing and my income is variable because I’m self-employed. Landlords want three month’s pay stubs & won’t accept full payment up front for a six-month lease. Is there some reason for that which I’m not seeing?
+
+Edit: “yes” was the answer. Sorry i missed how much traction this got before it got locked. /u/chiree and /u/youreingoodhands - thanks for your comments! And thanks to everyone else who had thoughtful replies
+Boom, cue confetti: [https://i.imgur.com/8bagFet.png](https://i.imgur.com/8bagFet.png) 
+
+I don't really know what to do now, like trying to figure out where to put your hands while you're doing a speech bit. I'd been looking forward to this day for so long, always telling myself it would pay off in the end; that when I finally saw the fruits of my labor, I'd realize it was all worth it, and feel happy.
+
+Nothing.
+
+I've spent years struggling to pull myself up and get myself into a more financially secure situation. The worst part was that all of my success took me nowhere, because any extra cash I had went to paying off whatever debt I was in. Some of it was credit cards, some of it was for loans for college that I never even finished.
+
+When I finally broke even on debt, I told myself that I was probably still just stressed out because I didn't have any money in case of emergencies, and that was true. But as I started to panic a bit less about financial emergencies, I noticed that my attitude towards day-to-day finances was not becoming any more relaxed. For instance, a family member would ask me what I wanted for Christmas, and I'd have to struggle to come up with something. I'd have to think for days, trying to wrap my head around the idea of me having something, some present, just for fun. I'd have to decide to want something, and it would muck with my ability to be thrifty for weeks. 
+
+The really depressing thing about all of this is how insanely lucky I am to be here. I make $14.50 an hour on an entry level job that doesn't require a degree. It's connected to the health care industry, so I have rock-solid job security during the pandemic. My big breakthrough was when I stopped going to my psychiatrist. I couldn't really keep up with the bills anyway, and because I stopped taking my meds I could finally qualify for donating blood plasma. The income from that made such a huge difference.
+
+I know that my situation is so much better than so many people. It just never feels like it's enough. Why does it never feel like it's enough?
+
+My work has a program that will cover the cost for me to go back to school. I guess I should take that opportunity. But whenever I think about what I'd go back for, or what I'd like to do for a living, all I can think of is "Something that pays better than this." I don't even care anymore. I just care about the money.
+
+Money. It feels like that's the only kind of response I can produce now.
+Don't get me wrong, I'm still going to be buying BTC. The fundamentals haven't changed and the entire market will continue to follow BTC I feel like. (Unless ETH eventually flips it?? wild??) With that being said, I'm going to be buying a lot more Ethereum because of just how much potential this network and it's ecosystem has. 
+
+I don't believe anyone truly involved in the Ethereum ecosystem is concerned about price fluctuations. Development is moving faster than ever, confidence in the network and L2s such as Polygon is higher than ever, and the noise surrounding "eth killers" has subsided significantly. ETH is doing nothing but moving forward. And, as a latecomer to the game, I'll take any discount I can get.
+
+Ethereum has the biggest ecosystem by a landslide. The merge is right around the corner. Sharding is going to be making scaling easier than ever. L2s are all moving to ZKPs which is pretty much the future of the blockchain. Networks like Polygon have been putting in 1B$ towards ZK research. ZKsync and Loopring are putting in amazing amounts of work as well, all of these big players are working towards the common goal of making Ethereum better. 
+
+How could you not believe in Ethereum at this point? How can you be anything but bullish? I pity people who aren't familiar with market cycles and are FUDing Ethereum. You have a lot to learn poor souls.
+The Australian sharemarket has exited its bear market, 11 weeks after it first entered it, as it continues its fightback from the COVID-induced February-March sell-off.
+
+The S&P/ASX 200 Index is up 119.1 points, or 2.1 per cent, to 5735.1. That advance means the local market is now 19.9 per cent off the peak it hit on February 20.
+
+The market has risen 26.2 per cent since bottoming out at 4,546 on March 23.
+
+RIP BBOZ boys.
+As you may have noticed there have been a odd amount of posts that seemingly get a crap ton of votes and awards for no reason.....
+
+If you were on the sub back in July-August these posts are very reminiscent of a certain user who used to do P&Ds on micro craps.
+
+I’m not sure if it’s the same user but seems like a group is using our subreddit for gain. A lot of these accounts are a a couple weeks old and have low karma. 
+
+If you actually of on the profile of some of these accounts you’ll see they have really low karma and we’re recently created.
+
+I’ve noticed the mods seem to be flairing these posts with a long “buyer beware” flair. But I think we should just remove the post as a whole especially when it’s a obvious pump attempt. 
+
+Anyways just be careful if you see a suspicious post with exaggerated comments and awards. And be sure to report or call them out we gotta run these idiots out of town like we did with the other user who shall not be named!
+hello
+
+wondering why so many people say the landlord isn't worth it or hiring a PM isn't worth it and better to sell off rentals and invest in index funds?
+This is a little uncomfortable to bring up, but if you visit their website, it's inescapable. GameStop focuses primarily on video games, computer gaming and guys. 
+
+I’m a lady who likes board games with friends, fantasy geekery, art, clothing, quality artisan things, and supporting independent artists. I go to cons and do cosplay competitions. Manual, in-person things are my jam. I did play WoW for a bit, but that's the extent of my digital gaming experience. I really WANT to support GameStop, but nothing on the website is even tangentially targeted towards me.
+
+Example 1: Clothing 
+
+I mention this first because it's what made me realize "oh... I'm not sure if this store even wants me in it." It's not the key issue, but it's unavoidable, and it makes me feel left out. Do any other women feel this way?
+
+[Men's clothing: 2199 items, 1701 T-shirts](https://www.gamestop.com/clothing/mens)
+
+[Women's clothing: 449 items; 46 T-shirts](https://www.gamestop.com/clothing/womens)
+
+1701 to 46.
+
+I would LOVE to buy, say, a women's long-sleeved XS MoonCat T-shirt, but I couldn't even find that design in the women's section. [They're only available in the men's section, with men's sizing](https://www.gamestop.com/clothing/mens/clothing/tops-shirts/products/mooncat-t-shirt/11106326.html). I'm in my 30s and trying to declutter the bullshit I acquired in my 20s; shapeless T-shirts that aren't made for my body and don't make me look good will not end up in my home no matter how much I like the graphic. I really, really *want* to buy it, but this product was not designed for me.
+
+Example 2: Board games
+
+I'm not sure who's in charge of choosing the board games currently for sale, but that section is a travesty. None of the top-rated games on boardgamegeek are available. Dominion, Lords of Waterdeep, Castles of Mad King Ludwig, Exploding Kittens, Splendor, Roll for the Galaxy, Pandemic, Azul, 7 Wonders, Codenames, Trogdor, even Cards Against Humanity. Definitely none of the less-well-known ones. I do see two non-standard versions of Settlers of Catan, but they're both sold out. 
+
+Why? Board games have been enjoying a lucrative and creative renaissance for quite awhile now. 
+
+Example 3: Dice
+
+Do you have any idea how many gorgeous sets of DND dice can be found at cons and online? [GameStop doesn't. They offer 2 sets, plus one set of 2 d20s, which is sold out.](https://www.gamestop.com/search/?q=dice&lang=default)
+
+Example 4: Art
+
+[Yes, I'm a super judgy butthole, but, to be honest, to me, everything offered just looks like... cheap, mass-produced corporate advertising.](https://www.gamestop.com/toys-collectibles/lifestyle/wall-art) I really don't want to buy mass-produced ads to put on my walls. I'm a fan of the *worlds* these stories take place in, you know? Not the branding. I wanna hang out in Diagon Alley, not in front of the movie poster.
+
+Example 5: Furnishings
+
+Gaming chairs, console stands, computer desks? Absolutely. Tabletop gaming tables? Nowhere.
+
+**PROPOSITION:**
+
+People like me have disposable income and care about (a) filling their lives with pretty, geeky things that aren't cheap crap, and (b) supporting independent, local artists and artisans. 
+
+Independent artists and artisans have a very hard time getting their products under the noses of as many people as possible, because you can't focus on advertising, distribution and craftsmanship and do all of those very well, unless you're a business with multiple employees. You can't get there without clients. It's a chicken-and-egg problem, and a lot of artists make miserable money. This sucks for them, and it sucks for anyone who would love to buy from them if only they had the opportunity.
+
+So.
+
+What if GameStop opened an arts and artisan program at, say, five or six flagship stores in cities that already have a bustling art and/or convention scene? San Diego, Austin, NYC, Atlanta, Chicago, etc.?
+
+Forget the Zelda posters. What if you could go into one of these stores and buy archival-quality prints by [Charles Urbach](https://www.etsy.com/shop/CharlesUrbachArt ), whose art you'll see on Magic: The Gathering cards? What if you could fall in love with a breathtaking set of [Necromancer Dice](https://www.artisandice.com/product-category/necromancers-dice/), or [Ent's Dice](https://www.artisandice.com/order/banksia-d20s-with-turquoise-inlay/)? What if you could compare reviews across a few different makers of high-end tabletop gaming tables, and know that GameStop's outstanding customer service team would guarantee their availability + delivery? Hell, what if you could buy cosplay prints from your favorite cosplayers, possibly even at a signing event? Gorgeous dice towers, beautiful metal coins to replace your favorite board game's crap cardboard ones? Handmade fabric or leather dice bags? Hand-bound leather journals for scorekeeping, notes, character sheets...? What if GameStop sponsored an annual Kickstarter-esque competition for a new, GameStop-exclusive board game they'd produce? (Don't get me started. I can go all day.)
+
+*What if you could trade in your old board games??*
+
+One of my friends is a successful corporate VP. He and his family LOVE inviting people over for board game nights. His entire basement is dedicated to board games, and he'd love to decorate his space, but hasn't got time to trawl the Internet trying to piece together furniture, art, accessories, etc. So he's just got a long table and lots of IKEA bookcases to hold his games, because that was easy. 
+
+My friends and I do a getaway 4-day weekend every year during which we rent a 10-person house and bring every board game we own. We're a weird mix of corporate tech people, teachers, marketing professionals and artists. Totally disparate lives and incomes, but all of us will happily splurge on board games and gorgeous accessories that we can bring to the weekend.
+
+We're all emerging from a hell of a year. Getting to hang out with people again is *amazing*. My close friends and I are starting up a regular DnD group for the first time. We've missed out on all the cons, and many won't be back this year, either. Those cons are the only places I can find any of these things together under one roof, and VERY few cities have more than one a year. 
+
+Wouldn't it be something if we could support both GameStop and local, independent artists? If we could support people who are just as geeky as we are, not cheap, outsourced mass-production factories? If gamers who like playing with other gamers in person could pour money into their hobby at GameStop?
+
+And not least, what if, uh, GameStop expanded its perception of its customer base just a wee bit, and made sure their product range didn't treat women as afterthoughts?
+
+Because ngl, I still really want that women's long-sleeved MoonCat shirt. 
+
+Honestly, what do y'all think about this? 
+
+I would genuinely love to pitch this idea to GameStop directly, and if they liked it I would freakin' kill for the chance to work with them and help make it a reality. But I also recognize that I definitely don't have the perspective of people who ARE totally aligned with what the company is currently doing. People like you.
+
+So I'm asking y'all. Good idea? Bad idea? Worth taking further?d
+Monero
+$.50 to $459. 
+$.50 on Jan. 2016
+$459 on Jan. 2018
+
+$115,833% gain 
+
+$10,000 on Jan 2016 in Monero turns to $4,000,000 in two years on Jan 2018. So the coin basically 900 times in 2 years. What other coins have been like that and what coins currently have that potential in a couple years 2-5? Will this kind of gains ever happen again? 
+Name some potentials right now. Also, has there been any other coins that have gained close to this much? Tezos is only $2.20 but I’m not sure about it’s potential. I’m still researching. But that’s my example I’m providing. $2 to maybe $50 in a couple years.
+I work for a German owned American subsidiary that employs about 1,000 people in North America. I run sales for a specific market segment and have been with the company for 20 years. 
+
+Sales are down because of bad management. The CEO, CFO and several VP's were fired earlier this year. A former colleague that ran sales for a different market segment was fired in April and his work load was dumped on me. I now have my former full time job as well as his. They have indicated that they are not done with the layoffs. 
+
+I was not given any sort of raise. 
+
+I make $65,000 as a base plus 3% commission on what I sell. I normally make around $110,000 - $140,000 a year. I've had terrible years where I made $100,000 and outstanding years where I've made more than $300,000. 
+
+The guy who's job I took over made $120,000 a year plus a bonus of up to an additional $30,000 a year. He never hit his bonus which is why he is now gone. 
+
+I was told that my 3% commission would extend to the new market segment I took over but do not have anything in writing. My 2nd quarter commissions will be reported at the end of the month so I'll know in short order if they plan on paying me or not. 
+
+Regardless, I'm now working my ass off trying to keep up with both jobs. I'm putting in ten hour days six days a week. I am having to travel across the country at least once or twice a month now. I feel that I should ask for my base to be adjusted to compensate me for all the additional work I'm doing. 
+
+The program I took over is in shambles and I will have to rebuild it from the ground up. If they listen to me and allow me to make the pricing changes I need, I could end up with a program grossing $5 - 7 million a year. If they don't, it will be around the $1 million mark where it presently sits.  
+
+How do I ask for a base raise when the company is still laying off people? Should I let the dust settle before broaching the subject or should I put them on notice now that I need to be taken care of?
+
+This is a throwaway for obvious reasons. 
+
+TLDR: Company is still firing people and I took on double the responsibilities. Should I ask for a raise now or wait. 
+ 
+https://preview.redd.it/hfcxlcj4zrs91.jpg?width=1681&format=pjpg&auto=webp&s=58d0f9c61033ff3542172d9a11122f890a346fa9
+
+link where you can find this deposit info.[https://tsdr.uspto.gov/documentviewer?caseId=sn97229845&docId=APP20220124092333#docIndex=1&page=1](https://tsdr.uspto.gov/documentviewer?caseId=sn97229845&docId=APP20220124092333#docIndex=1&page=1)
+
+​
+
+## Trademark/Service Mark Application, Principal Register
+
+**Serial Number:** **97229845Filing Date:** **01/20/2022**
+
+Downloadable software for enabling users to receive, accept, view, purchase, sell, and exchange non-fungible tokens (NFTs); downloadable mobile application software for facilitating financial transactions; downloadable software for enabling collectors of non-fungible tokens (NFTs) to join online communities; downloadable game software; digital materials, namely, non-fungible tokens (NFTs) featuring cryptocurrency; downloadable computer software for managing cryptocurrency transactions using blockchain technology; downloadable electronic data files featuring artwork, text, images, audio, video and non-fungible tokens (NFTs); downloadable cloud-computing software for decentralized applications and other blockchain related technologies; downloadable video recordings featuring sports highlights, movie clips, television clips and memes authenticated by non-fungible tokens (NFTs); downloadable image files containing artwork, movie and television images and memes authenticated by non-fungible tokens (NFTs); downloadable virtual goods, namely, computer programs featuring avatars, clothing, pets, vehicles, weapons, tools, toys, emotes, and gestures for use in online worlds and virtual environments; downloadable motion picture films featuring entertainment, action, adventure, dramatic, comedic, children's and documentary themes and musical performances
+
+This description includes many products, but all these products need to find a place to be viewed and bought, if only there was a platform that makes NFT buy and sell with really low gas costs would that be nice?
+
+​
+
+https://preview.redd.it/9hsnzpg54ss91.jpg?width=746&format=pjpg&auto=webp&s=a9f537d1c8d5415d5554865ee6d7e7bd8b439e61
+
+​
+
+https://preview.redd.it/2zzsz0974ss91.jpg?width=743&format=pjpg&auto=webp&s=96305bace47370a0abb3d40b7d01dbe5feda6530
+
+TLDR and Speculation:  
+BlockBuster is coming back and they will start in an NFT market.Gamestop and their NFT market will be the basis for blockbuster products.
+
+There have been tweets between blockbusters and Ryan C. that make this speculation more plausible and concrete. Zombies return by allying themselves with someone who has no intention of selling out and failing 🏴‍☠️😎
+
+The stars and planets line up, and I want to quote 2 phrases that a great man said:
+
+\- "The best time to be alive in human history is now"
+
+\- " As my dad would say: Buckle up! "
+Everything remains in the title. MICT is technically a pennystock and this group is the best place where it can establish its "Principality".  Someone in "/r MICT" made an excellent analogy and I would like to share it to you : "(...) *owning this share is like owning a silicon valley share in the mid 90's, except in this market place there are a lot less players*".
+
+**For the reasons below, I believe that MICT is a legitimate Prince of the Realm of Pennystocks.**
+
+These are the points that I will try to shortly cover in this post:
+
+1. What is MICT and what are the offered products&services ?
+2. Who is Darren Mercer?
+3. *The Crown Jewel*: Online brokage for equities trading - how to compete against a 22B market cap company? (**0 debt - healthy balance sheet**)
+4. Last moves (fund raising, direct shares offering, Vanguard in the game, Ownership) ?
+
+# 1. WHAT IS MICT?
+
+"MICT Inc. operates through its subsidiaries, **Global Fintech Holdings Intermediate Ltd** and **Micronet Ltd**.
+
+**Global Fintech Holdings** uses its versatile proprietary trading technology platforms to serve a range of high growth sectors in the fintech space. Primary areas of focus include online brokerage for equities trading, online investment and wealth management services, sales of insurance products and trading in certain commodities. Global Fintech Holdings trades in several high-growth foreign markets including Asia, where the Company benefits from a substantial propriety database of users and also works with a number of leading online portals and large commercial partners.
+
+**Micronet** operates in the growing telematics and commercial Mobile Resource Management (MRM) markets, mainly in the United States and Europe. Micronet designs, develops, manufactures and sells "highly innovative mobile computing devices and software that provide fleet operators and field workforces with computing solutions." (copy/past from: [https://investors.mict-inc.com/overview/default.aspx](https://investors.mict-inc.com/overview/default.aspx))
+
+Roughly speaking $MICT is :
+
+* A) a Telematic designer, developper, manufacturer and seller (sources: [https://investors.mict-inc.com/news/news-details/2021/MICTs-Subsidiary-Micronet-Receives-Commercial-Order-for-its-SmartCam-Connected-Product/default.aspx](https://investors.mict-inc.com/news/news-details/2021/MICTs-Subsidiary-Micronet-Receives-Commercial-Order-for-its-SmartCam-Connected-Product/default.aspx) and  [https://investors.mict-inc.com/news/news-details/2021/MICTs-Subsidiary-Micronet-Secures-a-Significant-Follow-On-Order-with-One-of-the-Worlds-Largest-Telematics-Service-Providers/default.aspx](https://investors.mict-inc.com/news/news-details/2021/MICTs-Subsidiary-Micronet-Secures-a-Significant-Follow-On-Order-with-One-of-the-Worlds-Largest-Telematics-Service-Providers/default.aspx))    **;**
+* B) a **Fintech holding** with 3 angles:
+
+(1) **Online brokage for equities trading**  and online investment and wealth management services ; On 25th February 2021,  MICT "*has received approval from the Hong Kong SFC (Securities and Futures Commission) to complete the acquisition of Huapei Global Securities, Ltd., which provides the Company with a licensed platform to facilitate the trading of securities on the major stock exchanges in Hong Kong, the United States, and China for its Chinese and Hong Kong clientele*." By doing so, MICT now fully owns a trading platform in China and Hong-Kong for invest in US companies, EU companies, ... (Source:[https://investors.mict-inc.com/news/news-details/2021/MICT-Acquires-Key-License-for-Soon-to-Launch-Stock-Trading-and-Wealth-Management-Platform-and-Mobile-App-in-China-and-Hong-Kong/default.aspx](https://investors.mict-inc.com/news/news-details/2021/MICT-Acquires-Key-License-for-Soon-to-Launch-Stock-Trading-and-Wealth-Management-Platform-and-Mobile-App-in-China-and-Hong-Kong/default.aspx)) Another DD: [https://cnafinance.com/mict-stock-a-slew-of-catalysts-on-the-horizons/](https://cnafinance.com/mict-stock-a-slew-of-catalysts-on-the-horizons/)
+
+(2) **Sales of insurances products**:  On 4th February 2021, MICT "*has announced the acquisition of an established Chinese insurance brokerage company and its trading subsidiary, Beijing Fucheng Insurance Brokerage Co., Ltd, which provides the Company with a nationwide license that allows it to offer insurance brokerage services for a broader range of insurance products, some of which offer a significantly higher margin. In addition, the nationwide license provides the Company with flexibility to create tailor-made insurance products that it can leverage directly to customers or through distribution partners as well as to procure better deals with both our existing and new insurance company partner*s". Fucheng was acquired for approximately $5.7 million, including $1 Million on the balance sheet and will be funded through MICT's considerable cash reserve. Funcheng will promote its business through China's biggest online portals and aims to expand its services for BUSINESSES and for CONSUMMERS as well (B2B and B2C). (source: [https://investors.mict-inc.com/news/news-details/2021/MICT-Strategic-Acquisition-Secures-Valuable-Nationwide-License-to-Enable-Significant-Expansion-of-Insurance-Business-in-China/default.aspx](https://investors.mict-inc.com/news/news-details/2021/MICT-Strategic-Acquisition-Secures-Valuable-Nationwide-License-to-Enable-Significant-Expansion-of-Insurance-Business-in-China/default.aspx))  Another DD here: [https://cnafinance.com/mict-stock-this-acquisition-is-huge/](https://cnafinance.com/mict-stock-this-acquisition-is-huge/)
+
+(3) **Trading in certain commodities:** on 4th February 2021, MICT has entered into a key partnership with the Shanghai Petroleum and Natural Gas Trading Center, bringing its commodities trading platform to the moon. The services will initially be destinated for approximately 2.400 customers including provincial governement departements, state owned companies, and so on. So this trading platform target businesses first (not retails). Finally, keep in mind that this partnership is a **HUGE catalyst** as the Shangai Petroleum and Natural Gas Trading Center **handles about 20% of the trades of these commodities in China and it means millions of revenue for MICT**. (source: [https://investors.mict-inc.com/news/news-details/2021/MICT-Signs-New-Financial-Services-Partnership-for-Commodity-Trading-and-Futures/default.aspx](https://investors.mict-inc.com/news/news-details/2021/MICT-Signs-New-Financial-Services-Partnership-for-Commodity-Trading-and-Futures/default.aspx))
+
+**Well, based on these catalysts, I believe that 2021 will be tremendous for this Company.**
+
+# 2. Who is DARREN MERCER?
+
+Darren Mercer former Director of MICT, serves currently as President and Chief Executive Officer.
+
+"Darren Mercer is an international businessman, entrepreneur and investor operating principally in the financial services, technology and media sectors for more than 30 years.
+
+Darren founded BNN Technology in 2007 as a provider of software solutions to the gaming industry,  he pivoted the group's business model, leveraging its dynamic technology platform to facilitate mobile payments, mobile content and data management. In the last decade Darren has built a considerable network of political and corporate contacts and been responsible for BNN's expansion in Beijing and into other provinces. In addition to being responsible for business and corporate development, he has led the identification and negotiation of all the Group's commercial partnerships to date.
+
+**Darren's primary business focus at present is the development and provision of versatile financial technology (fintech) platforms** handling very large volumes of transactions across a wide variety of sectors globally. " (source: linkedin/simply wallstreet)
+
+The CEO is very confident and he is obviously a renowned investor and trader for many years. He is heavily invested in this company. Actually, "he" owns more than 12% of the company through Global Fintech Holdings ltd (company that he founded in November 2019). Global Fintech Holding owns roughly 24M shares (source: [https://investors.mict-inc.com/news/news-details/2020/MICT-Closes-Acquisition-of-Global-Fintech-Holdings-with-15-Million-in-Committed-Funding/default.aspx](https://investors.mict-inc.com/news/news-details/2020/MICT-Closes-Acquisition-of-Global-Fintech-Holdings-with-15-Million-in-Committed-Funding/default.aspx))
+
+Darren Mercer has been interviewed twice on the Big Biz Show recently (Source of the first interview [*https://www.dropbox.com/s/vq7i6t28ert2olj/BBS%202-23-21%20Darren%20Mercer.mp4*](https://www.dropbox.com/s/vq7i6t28ert2olj/BBS%202-23-21%20Darren%20Mercer.mp4)  and source of the second interview: [https://player.fm/series/big-biz-radio-show-1440030/events-tourism](https://player.fm/series/big-biz-radio-show-1440030/events-tourism))
+
+If you think about investing in MICT, I strongly invite you to listen to these interview first. This guy feels so confident and doesn't play around the edges...
+
+During the interviews, mostly the trading app angle has been covered. That's why I believe that this is the Crown Jewel of the Company. Finally he said "*The cash on the balance sheet represents a significant portion of our market capitalization which puts us in a very healthy position.*"
+
+# 3. The Crown Jewel - Online brokage for equities trading - how to compete against a 22B market cap company?
+
+As covered above, MICT plans to launch its trading platform soon (in the following 2-3 weeks since the acquisition/ I expect that big news will be released this week or the next).  
+
+The big question remains in the title: *How to enter into a market dominated by big companies such as FUTU which is worth more than 22B ?* 
+
+Here are my assertions:
+
+* On the **25th February 21**, the Company announced that it had received approval from the Hong Kong Securities and Futures Commission to move forward with its trading platform. "That's a HUGE catalyst as Hong Kong SFC licensing isn't easy to come by. In fact, even **FUTU**, **a company valued at more than $22 billion**, failed to receive approval from Hong Kong and had to go to New Zealand as an alternative solution" ([https://cnafinance.com/mict-stock-this-license-can-make-mict-a-blockbuster/](https://cnafinance.com/mict-stock-this-license-can-make-mict-a-blockbuster/));
+* Recently, we could see giant fund raising. Mostly institutional investor contributed to this fund raising.  This has allowed MICT to have at least 127 million dollars in cash right now - before a potential warrant exercise above 2.80 (from the last share offering registered on the 3rd MARCH) - which would only happen if the share price is at least $3.50 or so to absorb the announcement of the warrant exercise to even support a $2.80 exercise. Doing so, MICT will increase its cash balance sheet at $187million dollars **AND $0 DEBT !!!**  Their mobile app will allow Chinese people to invest in overseas market. And what this fund raising made will allow MICT to compete with big companies (such as $FUTU for example). Darren Mercer said again that he believes that their Mobile app is as better as what's available currently on the market. They have an amazing management team that will help them to execute this. And they have great marketing to catch big Chinese investors into their system. They are able to offer margin finance as well.  **He said also that they had any plans to raise more capital in the near term.** Thus, the recent fund raising will help MICT to satisfy their short and median requirements. **MICT is in a very healthy position in order to start NOW and be able to compete with the big companies.**
+* China is a big "pie" as you know! And even a small slice of this pie can be huge for MICT; The same thing can be said for the insurance business angle (which is also another huge catalyst for the Company - see above);
+* China has a population of approximately 1.4 bilion. Fintech's target market is roughly 725M people in the near term. Futu's total clients number is not even 10% of this target market (sources: [https://ir.futuholdings.com/news-releases/news-release-details/futu-announces-third-quarter-2020-unaudited-financial-results](https://ir.futuholdings.com/news-releases/news-release-details/futu-announces-third-quarter-2020-unaudited-financial-results) & [https://investors.mict-inc.com/news/news-details/2021/MICT-Acquires-Key-License-for-Soon-to-Launch-Stock-Trading-and-Wealth-Management-Platform-and-Mobile-App-in-China-and-Hong-Kong/default.aspx](https://investors.mict-inc.com/news/news-details/2021/MICT-Acquires-Key-License-for-Soon-to-Launch-Stock-Trading-and-Wealth-Management-Platform-and-Mobile-App-in-China-and-Hong-Kong/default.aspx) );
+* ⁠HUAPEI ltd, which is the name of the fully owned company by MICT, has an existing trading platform. Icing on the cake, the trading platform has been licensed (approved) by the authorities. If i'm not mistaken, it's not a "NEW" trading plaform. Mict plans to transform it in order to make it more competitive and attractive (social oriented as well) ;
+* Taking on existing companies is challenging indeed. One said that the big plus here is that this is a virtually competitor free (barring 2) virgin market place. In my opinion, the most speculative point concerning the "trading plaform angle" is the hability to render it competitive. If they succeed, MICT will enter into this market like a bulldozer and break all walls down. Look at Robinhood and Webull situation. People were so conservative about Robinhood until Webull has been released... 
+
+# 4. Last moves
+
+1. **HUGE AND INCREASING INSTITUTIONAL INVESTMENT**: VANGUARD has increased its position on **1th March 21** at 2.98$ (...) amount bought: **1,723,800 SHARES**. [https://fintel.io/so/us/mict](https://fintel.io/so/us/mict) ; Vanguards is currently holding 5.5 million shares at $2.25; Altium Capital Management holding 3.5 million shares at $2.70 ; Another dozen firms/institutions holding shares around $2-$2.50 as well : Royal Bank of Canada 100K shares at 3$; Morgan Stanley 300k shares at $2.97; Barclays Plc 650K shares at $2.97, and so on...
+2. MICT announced 54$M registered direct offering priced at-the-market under Nasdaq rules on **3rd March 2021** ([https://investors.mict-inc.com/news/news-details/2021/MICT-Announces-54-Million-Registered-Direct-Offering-Priced-At-The-Market-Under-Nasdaq-Rules/default.aspx](https://investors.mict-inc.com/news/news-details/2021/MICT-Announces-54-Million-Registered-Direct-Offering-Priced-At-The-Market-Under-Nasdaq-Rules/default.aspx)) ; Direct offering closed on the **4th March 2021** ([https://investors.mict-inc.com/news/news-details/2021/MICT-Announces-Closing-of-54-Million-Registered-Direct-Offering-Priced-At-The-Market-Under-Nasdaq-Rules/default.aspx](https://investors.mict-inc.com/news/news-details/2021/MICT-Announces-Closing-of-54-Million-Registered-Direct-Offering-Priced-At-The-Market-Under-Nasdaq-Rules/default.aspx)) ; Unfortunately, we don't know who bought these direct shares. We should know the missing information at the latest this month. I keep an eye on any Fintel updates and would edit my post once we know which institutions hopped in the stock or has increased its position. Some people prentend that VANGUARD and CITADEL have increased their position. If it is the case, that confirm my theory: **this stock has potential to x10 AT LEAST!**
+3. **HEAVILY INVESTED INSIDERS** : In my opinion, it is very important to pay attention to the insider ownership (for any stocks). Whenever insiders own shares of the Company, it means that they strongly believe in its success. That gives me comfort and confidence.  Recently, insiders bought 50K shares (sources: [https://flashalert.me/?symbol=MICT\&source=SEC\&referer=https://stocktwits.com/\&url=https://www.sec.gov/Archives/edgar/data/854800/000121390021013659/xslF345X03/ownership.xml\&s3=MICT/2021-03-05/12-43-29\_000000/4/4a55c4b9f34298b512e80d5ec4d721f7/ownership.xml](https://flashalert.me/?symbol=MICT&source=SEC&referer=https://stocktwits.com/&url=https://www.sec.gov/Archives/edgar/data/854800/000121390021013659/xslF345X03/ownership.xml&s3=MICT/2021-03-05/12-43-29_000000/4/4a55c4b9f34298b512e80d5ec4d721f7/ownership.xml)) ; 
+
+Thank you for reading my post ! My apologises if sometimes I might destroy Shakespeare's language (English isn't my mother tongue). 
+
+I would be grateful if you could bring enlightenment to my post and my researches. I'm not a financial advisor so take what I say with a grain of salt. That's not an investment advice, so do your own Due Diligence as well. I'm a human being and can make mistakes. 
+
+In my concern, I'm heavily invested in this stock and I truly believe to be fortunate for owning MICT under $3. 
+
+As I said above, this is a speculative investment because one "bet" on the success of the Fintech Verticals (equities trading application, insurance broker and commodities trading platform). 
+
+Finally, the risks are real!  But, the potential rewards as well...
+Recently, my SO and I moved from an extremely high-cost-of-living city in California to a small town in the Pacific Northwest. We planned it out for about a year, and were very confident in our ability to:
+
+A) "live frugally" until we had steady jobs and 
+
+B) Find steady jobs.
+
+We have great resumes, his with over 10 years of experience in his field as well as food service, which generally has a high turnover rate, and mine with extensive childcare/nannying and glowing references. We both worked 2 jobs apiece for a year before we left, bringing in 4 very decent paychecks biweekly and leaving us with close to $17,000 for the move. We were cautiously optimistic, and I chose to ignore thread after thread urging people to find work before moving. 
+
+Well, four months later, we have $3000. He cannot find work anywhere, as people don't seem to *leave* this city after coming here, leaving the turnover rate lower than we were used to in a big city. All the networking and connections we had from a decade in the city were lost upon our move, and only hindsight shows how utterly valuable these were. I found childcare work for an agency making about 1/2 of what I did in California, which of course I should have foreseen, but didn't. I bring home just enough to cover our bills- student loan payment, car insurance, credit card debt, etc. We planned on keeping 6 months worth of living expenses, which is being drained with every passing day.
+
+We have to drive everywhere here now, as the weather and public transportation isn't conducive to walking/biking/not driving. Registering our cars and getting our new state licenses, were just the start.
+
+Major financial obstacles:
+
+-Because of low credit, we had to pay 3 months up front to our apartment, in addition to our security deposit.
+
+-Similarly, had to put down a deposit for our ISP until we have minimum 6 months of good standing.
+
+-Fees for water, power, trash services and starting the services.
+
+-Turns out my insurance (HMO) doesn't cover me out of my home state, so I am paying out of pocket for medical services or driving 900 miles to get dental work done.
+
+-Furnishing an apartment nearly from scratch, as we had only a couch and a box of clothes.
+
+-Winter clothes- neither of us owned any rain/weather proof clothing before moving to a freezing climate.
+
+-All The Little Things: spatulas, wool socks, light bulbs, detergent, chains for the car, heavier comforter, all things that you just don't think to budget for. 
+
+
+I wrote this mostly as a cautionary tale, as I've seen dozens (if not more) posts asking for the best way to move to New York City or any other town/city without a job lined up- mostly from young people overly confident in their ability to scrounge until they find work. Do your best to find work beforehand, even if that means Skyping for an interview or even driving/flying to that location for the sole purpose of job hunting. 
+
+Edit: Guys, the damage is done. We live here now. We are making it work. Of course hindsight is 20/20 but I didn't write this out for people to list off every preventable mistake- my point is that for people without a specific skill set, credentials, or a good degree, moving far away without a job lined up or an obscene amount of savings is irresponsible. When you are an objective 3rd party not privy to any other information than that I've provided, it's very easy to pick apart every mistake made.
+
+Edit2: Personal insults are far from welcome, nor conducive to the advice I'm attempting to give. Either you agree, or downvote and move on. If you were me, then I'd be you, and I'd use YOUR legs to get to the top.
+
+Edit3: Please stop sending me PMs about how "unorganized and stupid" we are. Beyond the fact it's a little pathetic, I also don't care about your opinion of two strangers. Just assume we're idiots and move on.
+
+Final edit: I will delete this thread eventually, after being urged not to. I'm fucking amazed at the vitrol with which some of you spit hatred towards a stranger. I'm done getting hate mail regarding something I didn't even ask for advice on.
+This comparison is probably older than Reddit itself, but for investors who have decided to buy into only one fund and forget about it, why'd you pick that one?
+
+Sure, the difference between these ETFs is in the diversification: top 500 US companies vs. whole US market vs. whole world market. But with so many of the top US companies operating internationally, and such a globally connected economy in 2021, is VOO not diversified enough to reliably protect my money?
+
+I understand that past performance is just that, and want to avoid recency bias, but I have no reason to believe that the US market will suddenly start underperforming the rest of the world any time soon. Without such a thesis, VOO just makes the most sense to me. 
+
+Today, my money is invested in VOO, but I'm curious to hear thoughts from others. Which fund do you invest in, and why not the others?
+Not just GME but everything! Heel my foaming at the mouth lawyers. "Heresy!" one is exclaiming from one of the 10 foot tall, 37 floors . Alas, here I am stating that Ken Griffins Citadel has been stealing from you. What specifically?
+
+Price Discovery.
+
+I can understand that some are rolling their eyes and likely even saying "'take off the tinfoil hat" but how do you dispute all of the links that I have provided to this point herein and previously? Citadel has been stealing price discovery. This 2010 Academic study suggests that short sellers play an important role in the price discovery process and that short sellers trading activity makes prices more informationally efficient. In the study, tests taken together, these different approaches all suggest that short sellers’ trading contributes significantly to price discovery in equity markets. Short selling is associated with more efficient pricing - in the sense that prices appear to be closer to efficient or fundamental values when short sellers are more active. In contrast, we find no evidence that hints at price destabilizing or manipulative trading by short sellers.
+
+Till now. I submit that now, over a decade since Boehmer and Wu's "study", there exists an abundance of evidence (not only hinting at) of price destabilizing and manipulative trading by short sellers.
+
+How can there be price discovery if there is a 60-70 short % (based on the amount of volume shorted) with 50% of trades going through Dark Pools (data taken from sec.gov, yahoo.com, shortvolumes.com, Interactive Brokers, Market Chameleon and etfdb.com)? In fact, 80% of retail trades do not affect the price at all. According to Q1 data from the SEC, between 80-90% of trades in GameStop after the January squeeze are "Odd Lot" trades. Odd Lot trades are trades under 100 shares. "Hey 'Just a random IT dude', proof?"
+
+No alt text provided for this image
+"I too can input random numbers into a spreadsheet" one may say; but so can the US SEC SEC.gov | Metrics by Individual Security. Odd Lots have another effect that prejudice retail investors. From FINRA's FAQ on Market Transparency Reporting, Section 310, A310.3 we find this:
+
+"odd lot transactions do not update the high, low and last sale price for the security"
+Yes, you read that right! 80-90% of trades in GME have absolutely no effect whatsoever on the price. Interest from retail, because we deal with smaller lots than 100 shares, has no effect. The rules of Supply and Demand are suspended because of the rules in place. Through further studying the odd lot rate for three tickers, a story unfolds.
+
+No alt text provided for this image
+GME: 80-90% odd lot rate since January shows a great deal of retail interest still exists (most definitely a buy). Odd lots are also a sign of HFT, so they are likely contributing to this high % as well.
+
+TSLA: HFT is associated with odd lots to take advantage of the whole NBBO situation, so no surprise it’s consistently at ~90% along with the fact TSLA is what I view as an O.G. meme stock, so naturally, lots of retail.
+
+MovieStock: Given it has returned back to its lows of 30% in July 2020, inconclusive for now. Just one data point. Let's see what the next two show until we fully speculate.
+
+AAPL: Who knows, no one follows stocks.
+
+(Odd Lots Show that GME Interest is Not Subsiding | SEC Market Structure Data : Superstonk (reddit.com))
+
+Even worse is that odd lot trades done in ATS (Dark Pools) might not even make it onto the consolidated tape based on page 10 of Alternative Trading Systems: Description of ATS Trading in National Market System Stocks
+
+This subsample also excludes trades of less than 100 shares (which are generally not required to be reported to the consolidated tape)
+
+Then to compound this all, Citadel Connect and Dark Pools are uncovered. Tim Fries (In-Depth: Citadel Connect and Dark Pools Uncovered - The Tokenist) explains it very well. Aside from being a dark pool operated by Citadel Securities, Citadel is the largest Designated Market Maker (DMM) on the NYSE, and accounting for 47% of US-based retail trading volume, Citadel Securities LLC also accounted for a significant portion of Robinhood’s Q1 2021 revenue thanks to Robinhood’s PFOF (payment for order flow) business model. PFOF is a highly controversial practice (pioneered by Bernie Madoff - TULLY, SHAWN (March 1, 2021)) because it tends to cause conflict of interest, which is why it is illegal in many Western nations (the UK, Canada and Australia). Here's the thing. Citadel Connect is not registered as an ATS, nor does it report its trading volume to FINRA, which is (apparently) overseen by the SEC. SEC Chair Gary Gensler differentiated between dark pools (ATSs) and off-exchange wholesalers, observing that:
+
+“That leaves about 38 percent, most of which was executed by off-exchange wholesalers. Just seven wholesalers accounted for the vast majority of this group…Within the off-exchange market maker space, we are seeing concentration. One firm has publicly stated that it executes nearly half of all retail volume.”
+Can a Dark Pool be abused? Did you read my last article and see what sort of people are in control of the market with me providing some of the fines and crimes?
+
+On October 3, 2012, SEC charged eBX LLC for failing to protect the confidential information of its subscribers, allowing third parties to use the information.
+On June 6, 2014, SEC charged a New York broker for mishandling confidential information and using it for marketing purposes.
+On January 15, 2015, SEC charged UBS Securities LLC for failing to disclose an order type that it pitched exclusively to market makers.
+On August 12, 2015, SEC charged ITG and AlterNet Securities for operating a secret trading desk and misusing confidential trading data.
+On January 31, 2016, SEC charged Barkley Capital and Credit Suisse for numerous violations, among them executing 117 million illegal sub-penny orders.
+On September 14, 2018, SEC charged Citigroup for misleading dark pool users and routing orders in other trading venues.
+On November 7, 2018, SEC charged ITG and AlterNet Securities again for similar violations as the last time.
+I touch upon it later on but Citadel is paying for Order Flow from NINE ONLINE BROKERS too
+
+E*TRADE
+
+TD AMERITRADE
+
+Charles Schwab
+
+Webull (download the zip file for Q4 2020)
+
+Ally Invest
+
+Firstrade Securities
+
+Fidelity (routing stock & options orders, but only being paid for options, thanks Fidelity...)
+
+TradeStation
+
+Prove to me how Citadel is not stealing Price Discovery. I'll wait.
+
+
+
+Manipulation is the foundation that runs the US stock market.
+
+In my last article, I made note of Merrill Lynch Professional Clearing Corp, Royal Bank of Canada Capital Markets, LLC, Goldman Sachs with violations. These are violations that take post 2008; nothing has been learned. Did you know a Merrill Gold Trader's chat exposed how easy it is to manipulate the market? ("I F..k The Markets Around A Lot" - Merrill Gold Trader's Chat Exposes "How Easy It Is" To Manipulate Metals Markets | ZeroHedge)
+
+Bloomberg's Bre Bradham reports, chat logs introduced as evidence against Edward Bases and John Pacilio showed the two traders bragging about how easy it is to manipulate prices.
+
+"...that does show u how easy it is to manipulate it sometimes," Bases wrote minutes after one such manipulation.
+“I f..k the mkt around a lot,” Bases said in another message.
+That's only one incident though. How about these;
+
+Gold Manipulators Busted After Zero Hedge Report On Flagrant Gold Spoofing
+Gold Manipulation, Spoofing Futures And Banging Fixes: Same Banks, Same Trading Desks
+Feds Crack Down On Traders "Spoofing" To Manipulate Prices Amid Record Number Of Cases
+Deutsche Bank Gold Manipulator: "Spoofing Was So Commonplace I Figured It Was OK"
+Former Deutsche Bank Traders Convicted Of Fraud For Spoofing Precious Metals Between 2008 And 2013
+JPM Pays Record $1 Billion Fine; Admits Spoofing Of Gold And Treasuries
+Or how about how Deutsche Bank enabled a massive US Ponzi Scheme > https://finance.yahoo.com/news/deutsche-bank-enabled-massive-u-115237119.html
+
+In the previous article, I covered some FINRA fines. With that knowledge, I would encourage folks to watch this AMA for Wes Christian hosted by Dave Lauer. He talks about the number of occurrences where the actual short interest is severely understated based on the data his firm obtained for legal proceedings. According to his numbers, in most cases the short interest is 50% - 150% MORE than what is reported by the SEC (starting at 14:30).
+
+The objective isn’t to address the issue: it’s to keep the issue hidden. Firms that underreport their short interest are gaming the system by taking advantage of how the short interest calculation is done. When the SEC relies on reports that broker-dealers provide, and FINRA takes YEARS to reveal the lies within those reports, the broker-dealer can lie without immediately facing the consequences. It allows these firms to operate in a high-risk environment without exposing just HOW big their risk-appetite is (House of Cards - Part 3 : Superstonk (reddit.com). One example used by Wes was for Merrill Lynch who was fined $415,000,000.
+
+No alt text provided for this image
+Remember when we mentioned SEA 15c3-3 in the case with Apex? They were asking customers to book short positions to either a cash account or a short margin account. SEA 15c3-3 protects those customers from allowing brokers to lend out the securities within their cash accounts...Merrill Lynch "Hold my beer"...
+
+No alt text provided for this image
+Merrill made it seem like the required deposit in their customer reserve account was much lower than it truly was. They wouldn’t have been able to use that cash if it reduced the amount below the minimum capital requirement, so they found a way to mess with the numbers. In doing so, they managed to prevent a CODE RED while reaping the benefits of a high-risk ‘opportunity’. Should Merrill have filed bankruptcy during that time, those customers would have been completely blindsided.
+
+In the case of short selling, the true exposure of short interest is unknown… Atobitt wasn't just talking about the short sale indicator. When a firm fails to deliver securities that were sold short, there’s a pretty good indication that they’ve exposed themselves to a bit of a problem. Now imagine a case where the FTDs start piling up and they STILL continue to short sell that same security.. are you thinking this is a joke? Take a look at Royal Bank of Canada
+
+No alt text provided for this image
+That was a shocking one but the crown definitely belongs to Goldman Sachs
+
+No alt text provided for this image
+Goldman had 68 occasions in 4 months where they didn’t close a failure-to-deliver. In 45 occasions, they CONTINUED to accept customer short sale orders in securities which it had an active failure-to-deliver.
+
+When a firm is really starting to sweat, they pull certain tricks out of thin air to quell the situation. Again, this is nothing but smoke and mirrors because that’s all they can really do. Just as Merrill Lynch artificially lowered their customer reserve deposit, other firms make it look like they cover their short positions.
+
+One of the ways they do this is by short selling a WHOLE LOAD of shares right before a buy-in… Since we’re talking about Goldman Sachs, this seems like a great time to showcase their experience with this.
+
+No alt text provided for this image
+With this amazing research from Atobitt, the following quote of his is the equivalent of a mic hitting the floor: "I promise… It really is as dumb as it sounds…"
+
+So the perception here is when Goldman’s client has an FTD, and they find out a buy-in is coming, the required buy-in would obviously be too extreme for the client to handle. So they begin to buy those shares while simultaneously shorting AT LEAST the same amount they were required to purchase.
+
+Have you ever failed to repay a loan so you went to another bank and got a loan to cover the first one? Well, that’s exactly what this is. I know what you’re probably thinking, “Didn’t that just kick the can down the road?”. The answer is YES: it didn’t actually solve anything.
+
+There’s still one more citation that Goldman received which truly represents the pinnacle of no-sh*ts-given. How could argue the systematic risks inherent in the securities lending business do not exist?". Check it out:
+
+No alt text provided for this image
+Atobitt discovered that for 5 years, Goldman relied on a team of 10-12 individuals to locate shares to be used by its clients for short selling. This group was known as the “demand team”. Naturally, as the number of requests coming in the door started to increase, it became difficult for the team to properly document all of them. The volume peaked at 20,000 requests PER DAY, but the number of individuals that handled this job stayed the same.
+
+Obviously, this became too much for them to handle so they opted out of the manual process and found another solution- the F3 key….
+
+Yes- the F3 key… This button activated an autofill system which completed 98% of Goldman’s orders to locate shares
+
+No alt text provided for this image
+The problem with Goldman’s autofill system was that it used the number of shares available to borrow at the beginning of that day, which had already been accounted for. After using the auto-locate feature, the demand team didn’t even verify the accuracy of the autofill feature or document which method was used to locate the shares for each order… and this happened for 5 years.
+
+Simply. Amazing. I have to show one of Goldman’s short sale indicator violations… It’s too good to pass up.
+
+No alt text provided for this image
+One violation for a 4 year period involving over 380,000,000 short interest positions…
+
+One violation for a 4 year period involving over 380,000,000 short interest positions…
+
+One violation for a 4 year period involving over 380,000,000 short interest positions…
+
+Is that imprinted in your head yet? One thing to note here is the way in which short sellers use options to “cover” their positions. Wes gave a great overview of this in the AMA(starting at 6:25). Basically, one group will buy puts and another group buys calls. This creates a synthetic share that is only provided if the option is activated. Regardless, short sellers will use that synthetic share to cover their short position and the regulators actually accept it. As Wes points out though, most of those options expire without being activated which means the share is never delivered. This expiration can be set months down the road and allows the short seller to keep kicking the can.
+
+So back to Kenny and Citadel. In December 2020 they reported an increase in their short position of 127.57% YOY.  The financial statements of Citadel Securities between 2018 and 2020 were looked at primarily because Citadel Securities actually has a set of published financial statements as opposed to the 13Fs filed by Citadel Advisors. First, Citadel is a conglomerate as they have a hand in literally every pocket of the financial world (including yours, in case you haven't been paying attention). Citadel Advisors LLC is managing $384,926,232,238 in market securities as of December 2020...
+
+Yes, seriously- $384,926,232,238
+
+$295,347,948,000 of that is split into options (calls & puts), while $78,979,887,238 (20.52%) is allocated to actual, physical, shares (or so they say). The rest is convertible debt securities. The value of those options can change dramatically in a short amount of time, so Citadel invests in several "trading practices" which allow them to stay ahead of the average 'Fidelity Active Trader Pro'. Robinhood actually sells this data (option price, expiration date, ticker symbol, everything) to Citadel from its users. Those commission fees you're not paying for? yeah.... think again.. Check out Robinhood's 606 Form to see how much Citadel paid them in Q4 2020. Mind blowing. Did I provide the link to the FINRA report published which cites 58 regulatory violations and 1 arbitration? Here it is again https://files.brokercheck.finra.org/firm/firm_116797.pdf
+
+After explaining how Ken Griffin basically controls the world through the tentacles of the Citadel octopus, it lists detailed cases and fines that were usually 'neither admitted or denied, but promptly paid' by Citadel Securities.
+
+Let me shed some light on a FEW:
+
+INACCURATE REPORTING OF SHORT SALE INDICATOR. FIRM ALSO FAILED TO HAVE A SUPERVISORY SYSTEM IN PLACE TO COMPLY WITH FINRA RULES REQUIRING USE OF SHORT SALE INDICATORS. DATE INITIATED 11/13/2020 - $180,000 FINE
+TRADING AHEAD OF ACTIVE CUSTOMER ORDERS... IMPLEMENTED CONTROLS THAT REMOVED HUNDREDS OF THOUSANDS OF MOSTLY-LARGER CUSTOMER ORDERS FROM TRADING SYSTEM LOGICS... INTENTIONALLY CREATING DELAYS BETWEEN MARKET MAKERS' TRANSACTIONS WHILE THE UNRESPONSIVE PARTY UPDATED PRICE QUOTES.... NO SUPERVISORY SYSTEM IN PLACE TO PREVENT THIS. DATE INITIATED 7/16/2020 - $700,000 FINE
+FAILED TO CLOSE OUT A FAILURE TO DELIVER POSITION; EFFECTED SHORT SALES. DATE INITIATED 2/14/2020 - $10,000 FINE
+BETWEEN JUNE 12, 2013 - OCTOBER 17 2017 (YEAH, OVER 4 YEARS) THE FIRM PRINCIPALLY EXECUTED BETWEEN 248 AND 7,698 BUY ORDERS DURING A CIRCUIT BREAKER EVENT; FAILED TO ESTABLISH AND MAINTAIN SUPERVISORY PROCEDURES TO ENSURE COMPLIANCE. INITIATED 1/22/2020 - $15,000 FINE
+ON OR ABOUT 11/16/2017, CITADEL SECURITIES TENDERED 34,299 SHARES IN EXCESS OF IT'S NET LONG POSITION (naked short); DATE INITIATED 8/21/2019 - $30,000 FINE
+CEASE AND DESIST ORDER ON 12/10/2018: FAILURE TO SUBMIT COMPLETE AND ACCURATE DATA TO COMMISSION BLUESHEET ("EBS") REQUESTS. (BASICALLY FAILED TO PROVIDE PROOF OF TRANSACTIONS TO THE SEC). BETWEEN NOV 2012 AND AUG 2016, CITADEL SECURITIES PROVIDED 2,774 EBS STATEMENTS, ALL OF WHICH CONTAINED DEFICIENT INFORMATION RESULTING IN INCORRECT TRADE EXECUTION TIME DATA ON 80 MILLION TRADES. DATE INITIATED 12/10/2018 - $3,500,000 FINE
+TENDERED SHARES FOR THE PARTIAL TENDER OFFER IN EXCESS OF ITS NET LONG POSITION (more naked shorting); FAILED TO ESTABLISH SUPERVISORY PROCEDURES TO ASSURE COMPLIANCE WITH THE RULES. INITIATED 3/22/2018 - $35,000 FINE
+IN MORE THAN 200,000 INSTANCES BETWEEN JULY 2014 AND SEPTEMBER 2016, FIRM FAILED TO EXECUTE AND MAINTAIN CONTINUOUS, TWO-SIDED TRADING INTEREST WITHIN THE DESIGNATED PERCENTAGE (scraping pennies between bid-ask) ABOVE AND BELOW THE NATIONAL BEST BID OFFER.... INITIATED 10/13/2017 - $80,000 FINE
+ANOTHER CEASE AND DESIST FOR MAJOR MARKET MANIPULATION BETWEEN 2007 - 2010. INITIATED 1/13/2017 - $22,668,268 FINE
+Naked shorts, failure to provide documentation to SEC, short selling on trade halts..... is this starting to sound familiar? Let's look at some recent events that occurred with trading halts in $GME. On March 10 2021 (Mar10 Day) we watched the stock rise until 12:30pm when an unbelievable drop triggered at least 4 circuit breaker events
+
+No alt text provided for this image
+Now... Atobitt did not believe retail traders did this. Most importantly, the market was totally frozen for the majority of that 25 minutes. Even if people were putting in orders to sell, there were just as many people trying to buy the dip.
+
+The volume of shares flooding the market- at the same exact time- was premeditated. He can say that with confidence because several media outlets (mainly MarketWatch) published articles WHILE this was happening, after nearly a week of radio-silence. MarketWatch even predicted the decline of 40% before the entire drop had occurred. When Redditors reached out to ask what was going on,
+
+the authors set their Twitter accounts to private.
+
+"But wait.... didn't example # 4 say that Citadel was fined $15,000 for selling shorts during circuit breaker events!?"
+
+Yup! and here are TWO more instances:
+
+CITADEL SECURITIES LLC EFFECTED TRANSACTIONS DURING NUMEROUS TRADING HALTS.
+No alt text provided for this image
+Think Citadel is alone in all of this? Think again... It's actually been termed- "flash crash".
+
+$12,500,000 fine for Merrill Lynch in 2016..
+
+$7,000,000 for Goldman...
+
+$12,000,000 for Knight Capital...
+
+$5,000,000 for Latour Trading...
+
+$2,440,000 for Wedbush...
+
+$4,000,000 for MORGAN STANLEY
+
+No one can tell you who was responsible for that flash crash though but for anyone to suggest it was not market manipulation is laughable. Remember, the short shares reported on Citadel's balance sheet as of December 2020 were up 127% YOY. The price of several heavily shorted stocks skyrocketed since Jan 2021. Remember in article one where Citadel said their securities were held by others and the DTCC?
+
+No alt text provided for this image
+Well once again, that's just terrific, because the DTCC just implemented SRCC 801 which means they DON'T have your shares. The FINRA research and wording is provided by Atobitt on Reddit. I provided a lot of House of Cards Part 3, but here are the first four he wrote that I would encourage professionals to read; we're not dumb money.
+
+Citadel Has No Clothes
+The EVERYTHING Short
+The House of Cards – Part 1
+The House of Cards - Part 2
+Article 2 noted "FINRA’s portfolio is held by the same entities they are issuing violations to". It makes you think whether FINRA is really taking in a fine or taking in a cut of the crime...nothing should surprise you based on the environment I have painted for you with the individuals participating along with their character. I leave you with a quote from Dave Lauer,
+
+"Without accusing anyone of anything, market makers are certainly taking the other side of these retail buy orders, and market makers also have an exemption that allows them to sell short without having located shares to borrow. So there is certainly plenty of short selling that takes place OTC."
+
+-Just a random IT dude, Tom
+We got frustrated with being unable to find simple financial charts (revenue, income etc) on companies we're researching. Since we're software developers, we figured we'd try to fix that instead of just complaining. The result is here: https://fairlyvalued.com
+
+We would love to get your feedback! We hope you find it useful. For starters we're using Quandl's SF1 dataset, which is focused on US companies (plus some ADRs). We hope to expand to more datasets, including international equities, soon.
+https://www.thisismoney.co.uk/money/mortgageshome/article-8560157/Now-City-watchdog-tells-banks-reject-loans-took-break.html
+
+Have i made a mistake? I took a 6 month mortgage holiday even thought i didn't need it to build a bigger safety net as i had just bought the house. Anybody has any experience with taking a mortgage holiday and then applying for a new mortgage?
+What it do smooth brains, wrinkle brains, golden retrievers, apes, interns, and children.
+
+u/rimmy789 here.
+
+​
+
+I have been seeing an influx of posts concerning hodling, floors, and sell strategies. While all of these things are great, it is important to understand the psychology behind the feelings that you may have when the MOASS begins. I say that because the funds, media, and outside influences are fully aware of these psychological phenomena and will be deploying aggressive measures against apes looking to hodl and sell. 
+
+​
+
+The only defense to this is an understanding of what the feelings that apes are experiencing are, how they can be used against you, and why it is happening.
+
+​
+
+# So first.
+
+​
+
+\[Insert Kevin O’Leary Meme Here\]
+
+​
+
+A story.
+
+​
+
+# Imagine this:
+
+​
+
+“Two members of a gang of bank robbers, Dave and Henry, have been arrested and are being interrogated in separate rooms. The authorities have no other witnesses, and can only prove the case against them if they can convince at least one of the robbers to betray his accomplice and testify to the crime. Each bank robber is faced with the choice to cooperate with his accomplice and remain silent or to defect from the gang and testify for the prosecution. If they both co-operate and remain silent, then the authorities will only be able to convict them on a lesser charge of loitering, which will mean one year in jail each (1 year for Dave + 1 year for Henry = 2 years total jail time). If one testifies and the other does not, then the one who testifies will go free and the other will get three years (0 years for the one who defects + 3 for the one convicted = 3 years total). However, if both testify against the other, each will get two years in jail for being partly responsible for the robbery (2 years for Dave + 2 years for Henry = 4 years total jail time) (Prisoner’s Dilemma Definition, 2021).”
+
+​
+
+This is one variation of a paradoxical thought experiment called “The Prisoner’s Dilemma.” In these types of situations, each individual stands to achieve a better outcome by making decisions that will better their individual outcomes by screwing over the whole. This thought experiment, as well as all of its implications, all fall under the umbrella of something called
+
+​
+
+# Game Theory
+
+​
+
+Move over, MatPat. There’s a new theory in town.
+
+​
+
+“Game theory is a theoretical framework for conceiving social situations among competing players (Hayes, 2021).” A game is defined as “any interaction between multiple people in which a person’s payoff is affected by the decisions made by others Dilemma (Stanford Encyclopedia of Philosophy, 2019).” 
+
+So yes. A game of spades fits this criterion, but so too does the economy and, with it, stock trading. In terms of GME, apes tend to think that the competitors are other apes. I’ve seen this all the time in the hodling posts that have been started. While the sentiment is great, the entire idea of “get out while the getting is good” thrives on the idea that other apes are trapped in the prisoner’s dilemma along with the individual retail investor.
+
+​
+
+# This is a Lie
+
+​
+
+Let’s take a moment and re-examine the Prisoner’s Dilemma in terms of GME’s specific details.
+
+​
+
+Two hedgies, Ken and Melvin, have been caught over shorting a stock and are being interrogated in separate rooms. The authorities have several thousand witnesses, solid DD, and a paper trail of evidence. The only way that the hedgies can escape this case is by tricking the authorities into handing them the keys to their own cell. They can do this by convincing the authorities that they’ve got the wrong guys, that they’ve already been arrested for this crime, or that the other officer interrogating the other fund will run off with the reward money.
+
+​
+
+*Well shoot*  u/rimmy789 *, when you put it that way, what’s all the fuss about?*
+
+​
+
+# Hedgies Have Reframed The Competitors Of This Game
+
+​
+
+With every “I’m Hodling post”, the less mentally fortified among us fear that not everyone shares that same sentiment. The very idea that it needs to be said illuminates the fact that not every ape understands that the competition is between apes vs. apes.
+
+​
+
+# This Is A Game Of Apes Vs. Their Own Iron Will (Read : Stubbornness)
+
+# 
+
+The new DTCC rules, SEC Chair, and probable SI interest, as well as the assertions made in [I think I figured out what DFV knows...](https://www.reddit.com/r/GME/comments/mtgnaf/i_think_i_figured_out_what_dfv_knows_and_its/) and it’s pretty simple, tell us that something at the very best is fishy and at the very worst is downright illegal and will crash the market. In either case, apes are not competing against other apes. They never were. However, the conventional workings of the market would have you believe so as that’s how it always works.
+
+​
+
+# This Is All A Game But Not It Is Not A Competition
+
+​
+
+Currently, hedgies have apes in a game of good cop bad cop. One is always suggesting that apes are selfish and will sell immediately upon hitting their floor. The other encourages the retail trader to hold in a sense of moral obligation, but this still plants FUD in the brain of the trader. Both have an objective of tricking well-intentioned diamond hands to sell under the guise that their brethren will sell them out.  [That sell order for 200,000k](https://www.reddit.com/r/Superstonk/comments/mtslmx/please_do_not_fall_for_hedge_fund_tricks_if_there/), in what I believe is an attempt at framing DFV as a seller is a great example of this.
+
+​
+
+# This Is Not True.
+
+​
+
+By playing on the apes’ innate sense of self-preservation, they have created a game that never existed to begin with. 
+
+​
+
+What this doesn’t change is the end of this saga. All shorts must cover and the only one that really stands to lose is them. The only thing that they can do now is try to lessen the blow. They couldn’t win using their market-based tactics, so the only thing that they can throw at the apes now are the psychological tricks they’ve got up their sleeves.
+
+​
+
+​
+
+# An Ape’s Escape
+
+​
+
+There is a singular hope for the apes as they lace up their rocket boots. It is the idea that apes understand that the competition was never between themselves. Apes have already conquered the mountain that they had to fight for. Now, they just need to not kick each other off the rocket for fear that others will do the same.
+
+​
+
+Make no mistake,
+
+​
+
+# There Is No Floor Unless Apes Create One
+
+​
+
+It’s as simple as that. If everyone hodls, the price goes up. The only thing in the ape’s way is its own fear, and even that is manufactured.
+
+​
+
+*Fly high, you beautiful idiots.*
+
+​
+
+​
+
+​
+
+​
+
+​
+
+# My Sources
+
+Trust, But Verify
+
+​
+
+Game Theory: The Science of Decision-Making. (2016, September 29). \[Video\]. YouTube. [https://www.youtube.com/watch?v=MHS-htjGgSY](https://www.youtube.com/watch?v=MHS-htjGgSY)
+
+Hayes, A. (2021, February 7). How Game Theory Works. Investopedia. [https://www.investopedia.com/terms/g/gametheory.asp](https://www.investopedia.com/terms/g/gametheory.asp)
+
+Prisoner’s Dilemma Definition. (2021, January 1). Investopedia. [https://www.investopedia.com/terms/p/prisoners-dilemma.asp](https://www.investopedia.com/terms/p/prisoners-dilemma.asp)
+
+Prisoner’s Dilemma (Stanford Encyclopedia of Philosophy). (2019, April 2). Stanford Psychology. [https://plato.stanford.edu/entries/prisoner-dilemma/](https://plato.stanford.edu/entries/prisoner-dilemma/)
+
+The Problem With Game Theory – The Philosophy of Billions. (2019, March 14). \[Video\]. YouTube. [https://www.youtube.com/watch?v=THNQE7fTMWM](https://www.youtube.com/watch?v=THNQE7fTMWM)
+Tried posting this a week ago, yet I shall try again. 
+Assertio holdings ($ASRT) a potential runner, maybe even a new ocugen.
+
+Some days ago it was announced that ASRT has entered into a securities purchase agreement with certain institutional investors to purchase 35,000,000 shares of its common stock at a price of $0.98 per share, which is a premium to market-based on applicable Nasdaq “minimum price” rules.
+
+To compare $ASRT to $OCGN. $OCGN did also have a registered direct offering of common stock, as $ASRT did. It had entered into definitive agreements with healthcare-focused institutional investors for the sale of an aggregate of 3,000,000 shares of its common stock at a purchase price of $7.65 per share in a registered direct offering. The offering is expected to close on or about February 10, 2021, subject to the satisfaction of customary closing conditions. Though it was already at $7.65, which is the biggest downside because $ASRT's common stock is at a price of $0.98 per share. Though it does not indicate, that $ASRT will not have a good run.  
+
+[https://www.globenewswire.com/news-release/2021/02/08/2171003/0/en/Ocugen-Inc-Announces-23-Million-Registered-Direct-Offering-of-Common-Stock-Priced-at-a-Premium-to-Market.html](https://www.globenewswire.com/news-release/2021/02/08/2171003/0/en/Ocugen-Inc-Announces-23-Million-Registered-Direct-Offering-of-Common-Stock-Priced-at-a-Premium-to-Market.html)
+
+​
+
+These institutions are going to hold the bag until $ASRT reaches Ocugen level. 
+
+Moreover, their debt level is falling, which means that the company is getting healthier.
+
+​
+
+https://preview.redd.it/fcse1hm7jng61.png?width=1070&format=png&auto=webp&s=2199884e972e192c0f5169716e537a412276fc95
+
+Furthermore, $ASRT, is a great company, with around 120 employees, and a already FDA approved drug. Though to be fair, it has to products that did not get FDA approved.
+
+The $ASRT stock was very high in the past, though it came crashing after it had a scandal because of their opioid products.
+
+[https://www.fiercepharma.com/marketing/depomed-now-assertio-joins-ranks-scandal-plagued-drugmaker-to-land-a-rebrand](https://www.fiercepharma.com/marketing/depomed-now-assertio-joins-ranks-scandal-plagued-drugmaker-to-land-a-rebrand)
+
+That's why they changed their name to Assertio.
+
+After it acquired Nucynta, Depomed touted it as an undermarketed pain reliever with a billion-dollar blockbuster potential. In fact, Depomed was so enamored with Nucynta's potential that it rejected a $33 per share acquisition offer from Horizon Pharmaceutical (NASDAQ:HZNP) only months after outbidding Horizon for Nucynta. Clearly, rejecting that offer was a mistake. 
+
+Initially, Nucynta's sales increased because Depomed built up a dedicated sales force for it, but Nucynta's sales have fallen in the past year as doctors have sought out alternatives to opioid medications. 
+
+Through the first nine months of 2017, Nucynta's sales were $183 million, down from $207 million in the same period of 2016. The decline has taken a toll on Depomed's profitability, too. 
+
+The company's year-to-date operating loss is $9.5 million, reversing a gain of $6.6 million in the same period last year.
+
+Though they made an exit strategy that would save their asses. While Depomed can't turn back the clock on acquiring Nucynta, it announced that Collegium Pharmaceutical had agreed to license it from them. 
+
+Collegium Pharmaceutical would pay Depomed $10 million upfront, plus a minimum licensing fee of $135 million per year for four years, paid quarterly in arrears.
+
+[https://www.fool.com/investing/2017/12/06/why-depomed-incs-shares-are-rallying-10-today.aspx](https://www.fool.com/investing/2017/12/06/why-depomed-incs-shares-are-rallying-10-today.aspx)
+The U.S. economy falling into recession within the next 12 months is a virtual certainty, according to the latest Bloomberg Economics forecast model released on Monday.
+
+The dire projection surfaced just weeks before national midterm elections that will determine control of Congress. Just a week ago, President Joe Biden said a recession in the U.S. was unlikely and said any such downturn would be “very slight” if it did occur.
+
+Bloomberg Economics’ latest statistical projections showed a 100% probability of a recession within the next 12 months as the U.S. economy contends with decades-high inflation, Federal Reserve interest-rate hikes and mounting geopolitical tensions.
+
+The likelihood of a recession was 65% in the Bloomberg model’s most recent previous update. Generated by economists Anna Wong and Eliza Winger, the model utilizes 13 macroeconomic and financial indicators to assess the odds of a downturn from one month to two years in the future.
+
+A separate Bloomberg survey of 42 economists predicts the probability of a recession over the next 12 months now stands at 60%, up from 50% a month earlier.
+
+The Bloomberg Economics model showed a 25% probability of a recession hitting even sooner — within the next 10 months — up from 0% in the previous release.
+
+Fears of a deep recession have surged in recent months as the Fed hikes interest rates in a bid to cool inflation. Investors believe the Fed risks “overtightening” monetary policy in reaction to higher prices and driving the economy into a sustained downturn.
+
+Segments of the U.S. economy, such as the housing market, have shown signs of struggle.
+
+The Fed has implemented supersized three-quarter-point interest-rate hikes at each of its last three meetings, with a fourth major increase expected when monetary-policy makers hold a two-day meeting Nov. 1–2. Despite the rate hikes, inflation ran at a hotter-than-expected 8.2% in September.
+
+Biden, Treasury Secretary Janet Yellen and others have downplayed concerns about the economic outlook for months.
+
+“I don’t think there will be a recession. If it is, it will be a very slight recession. That is, we’ll move down slightly,” Biden said during an interview with CNN last week.
+
+“Look, it’s possible” he added. “I don’t anticipate it.”
+
+Yellen has suggested the central bank, which she led in 2014–18, would need both skill and luck to pilot the economy toward something other than a hard landing.
+
+U.S. GDP has declined for two straight quarters — a rule-of-thumb definition of a recession. But the National Bureau of Economic Research, a key economy tracker, has yet to formally declare one is underway.
+
+A separate Bloomberg survey of 42 economists puts the probability of a recession over the next 12 months at 60%, up from 50% a month earlier
+
+
+https://www.marketwatch.com/story/100-probability-of-u-s-recession-in-next-12-months-according-to-new-forecast-11666051473?mod=mw_latestnews
+I pretty much told them to invest in index funds, but I thought that it couldn't hurt to make a doc for myself to look back on/use to learn more. 
+
+Anyway, it's kinda a rough list. I tried to archive everything. If you have any suggestions let me know
+
+https://docs.google.com/document/d/1zDMjqM8vG9fi4tzP4gLcHtAIRGrl1VbxWTwPp24i-hw/pub  
+What's the difference between Apr used in most us banking systems and interest rates used in most indian banking systems usually Apr on saving accounts are shown as less than 1 percent but why here it is 3% what's the difference of these calculations
+For an NRI, having non-US domiciled funds attracts very high US taxes. For an NRI, who is a passive investor and wants to invest in India, that is a difficult situation.
+
+What are some of the good US-domiciled index funds or ETFs that tracks Sensex, Nifty 50, Nifty Next 50, or other combinations?
+
+In addition to that, what considerations should one have or evaluate such an ETF or Index fund - in terms of how it is created, how it buys underlying assets, etc.
+Government sells Rs 1,150 crore worth enemy shares in Wipro.  The proceeds would add to the government's disinvestment kitty.   
+
+Generally,  enemy property refers to the assets left behind by people who migrated  to Pakistan or China and are no longer citizens of India.   
+
+[et](https://economictimes.indiatimes.com/markets/stocks/news/government-sells-rs-1150-crore-worth-enemy-shares-in-wipro/articleshow/68733629.cms)
+It drives me absoulutely insane when new adopters come over from bitcoin, put their hot chocolate down, and buy 20 coins and say while panting: moon bound! to da moon! blast off into outerspace! The people who do this remind me of that 'praise kleb' kid on that tv interview posted last week. 
+
+Ethtrader is like a glass and steel office, we are professionals here. A lot of people here have significant amounts of money in this. We do not care about short momentum gains and we are in it fundamentally for the long run. Excitement is great, but constantly pumping moooooooon, will get you a place like r/buttcoin to be made fun of. Thanks.
+
+edit: the masses have arrived
+I thought it was time to share why I like Helloworld. Before I get started a fews things to note:
+
+ \- This is just my opinion, if you don't agree, happy to hear any constructive, contrary opinions.  
+ \- There will be no rocket emoji's. We all know tourism and travel are in the shitter for a while yet. This is at least a 12 month hold.  
+ \- I think it is a low risk play under the assumption that international borders will open eventually. If you don't agree with that assumption then it is truly a dumbfuck move.  
+ \- (IMHO) the only way to fuck it up is if you make a plan to buy and hold and then don't follow through with it. If you get twitchy and impatient after buying a stock then move on, nothing for you here.
+
+The below DD is mostly based on latest investor presentation. If I have missed anything let me know. [https://newswire.iguana2.com/af5f4d73c1a54a33/hlo.asx/2A1247077/HLO\_FY20\_Investor\_Presentation](https://newswire.iguana2.com/af5f4d73c1a54a33/hlo.asx/2A1247077/HLO_FY20_Investor_Presentation)
+
+Current share price = $1.73  
+Market Cap = $268M
+
+1) Pre-covid these guys paid regular dividends. In FY2018 and FY2019 it averaged 0.19 + franking credits (FY20 interim dividend 0.09). Obviously this is viewed favourably by the market and an easy gauge of what a company is worth. Compare that to WEB that paid average 0.21 with market cap = $1.29B it makes HLO look comparatively very attractive.
+
+2) Following recent capital raising: cash = $180M, borrowings = $101M, other current and non-current liabilities = $73M
+
+3) Current operating costs are $2M per month. Enough cash and liquidity to operate until the end of 2022.
+
+4) Roughly 65% of the shares are held by three. Take this as a positive or a negative but it is much more volatile and more prone to reacting to market news (which I like) but still has reasonably favourable SP liquidity/spread.
+
+5) 1H FY20 EDITDA = $48M, if covid had not hit FY20 EBITDA was expected to be $86M.
+
+6) Current price = $1.73, once international borders open or vaccine is announced then this will spike to $3-$3.50 very quickly and possibly slowly grow from there.
+
+7) I read somewhere that they are going to try and make a push for the ASX200 in the coming years and will work get their ducks in a row meet all requirements.
+
+If you are thinking this could be a winner then please do not yolo into. I am not posting this to pump it. Wait for it come into good price territory (IMO $1.40-$1.70). Remember international borders are not opening anytime soon so you have plenty of time to watch, wait and time your entry.
+
+I have not seen HLO discussed much or at all when it comes to travel stocks. Additionally I like WEB but everyone seems to be watching that one already.
+
+Good Luck!!
+A lot of gold miner charts show that gold is setting up for a strong few months, along with the spot price of gold which has gone through a 6 month consolidation and is now close to breaking out into a full on bull trend again. Monday saw a lot of strength in the whole sector.
+
+Large/medium caps:
+
+NCM, NST/SAR, RRL, EVN.
+
+Large and medium caps are all well established profitable producers, most of these are trading at close to 6 month lows, putting in bottoming patterns. Large caps tend to have more limited gains but if they reclaim their July highs then they could still see fairly decent capital gain - eg NCM currently trading at $27 going back to $37 would be around a 27% rally. Most of these operations are in Australia so they are relatively 'safe'.
+
+Junior producers:
+
+SLR, RMS, GOR, PRU, WAF, SBM, MML, RED
+
+These miners are producing gold as well though have smaller market caps since they don't produce as much. Could see further share price gains if/as they scale up operations. Also trading at close to 6 month lows. Some of them operate in Australia, some in Africa which is more risky (murderous muslim gangs have been known to attack gold mining operations). Others operate in SEA. Some are more profitable than others.
+
+Explorers/junior explorers:
+
+DCN, AMI, BGL, RSG, DEG, MZZ, TIE, NVA
+
+These companies aren't producing but are either sitting on top of deposits and looking to mine it or are still drilling to find out how much they have. More subject to speculation based on price of gold, and depends how good their results are when they release them. Can see much bigger gains depending on how good the deposit it. Eg DEG went from 5c to all time high of $1.60 in 9 months.
+
+Penny stocks explorers:
+
+AQX, MRR, WWI, MXR, FFR, AMD, RGL, AME, many others.
+
+High risk high reward for the true gambler.
+
+Personally in NCM, DCN, RSG, AQX atm, looking to get into some more.
+Recently stumbled upon a pretty interesting B2C niche that is highly fragmented. I am acquiring my first business in the sector, and in exchange for putting $100k down (and assuming $1mm of debt), I am getting a business that generated $265k of EBITDA last year. If I do this three more times I will have a business that does $1mm a year of EBITDA only putting $300k down.
+
+I live on roughly $35,000 per year (single 30 year old guy), but my current job pays well ~$325k / year. Call it $1.4mm of investments, some in private businesses but more in public equities and index funds. 
+
+Give up a job that pays well and I mostly enjoy, or take the risk, be my own boss, and potentially make it big?  If I leave my current industry it could be tough to get back into it (very competitve).  Strangers on the internet, what are your thoughts?
+Shower thoughts. This just came to my mind right now, with the way Ryan Cohen is driving the company, I feel when we moon and the whole world knows about this. I feel everyone will want to  buy their stuff from GameStop and not Amazon.
+
+Same day delivery, same price as Amazon, customer service which is top notch and GameStop cares more about their customers.
+
+I don’t know, just feel Amazon will be in trouble when Cohen fully transforms this company.
+
+Obligatory 🙌🏻💎💎🦍🦍🦍
+Mother of God. I can see why everyone’s tits are constantly jacked (which up until tonight I didn’t even know why I’ve been yelling that at people for weeks). I was only 20 when that all went down, but the fact that it could and DID because of the same greed that still exists within our society is all the confirmation bias I need to know that these hedgefucks are truly capable of shorting until their dying breath. Also, the movie was great.
+
+This is also a friendly reminder that info besides solid DD, BUY, HODL, and VOTE is FUD. 
+
+Let’s. Fucking. Go.
+
+EDIT: Thanks for making me feel like a special little monkey this morning. Also - I’ve arranged that tonight when my wife and I cook dinner and do a movie, this will be our feature film. She’s 100% trusting of me and is on board but I think this will help her understand why and what we’re up against.
+Guten Morgen to this global band of Apes! 👋🦍
+
+We started this week with a notable drop in GME volume, a desperate spin session by Kenneth Griffin, and a veritable flood of Purple Donuts shared to this sub. There is *momentum* on our side. I was watching the 1m chart yesterday and there were several minutes where the price did not move - just a horizontal tick mark. I don't recall ever seeing that on GME since the Sneeze.
+
+Apes, I have to admit that I am starting to feel a bit silly posting prices here while I'm also of the mindset that price no longer matters. We are on track to lock the float through DRS, at which point the only price that matters is what it costs hedgies to buy shares out of Computershare. I'm convinced that the enormous (and well-deserved!) pride that accompanies DRSing shares demonstrates that Apes are not selling from Computershare. The SHFs can play all they want in the DTCC's kiddie pool. Apes with Diamantenhände will be chilling in the infinity pool.
+
+Today is Tuesday, October 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟩 120 minutes in: **$171.72 / 147,57 €**  *(volume: 343)*
+- 🟩 115 minutes in: $171.69 / 147,55 €  *(volume: 324)*
+- ⬜ 110 minutes in: $171.56 / 147,44 €  *(volume: 316)*
+- 🟥 105 minutes in: $171.56 / 147,44 €  *(volume: 303)*
+- 🟥 100 minutes in: $171.60 / 147,48 €  *(volume: 291)*
+- 🟥 95 minutes in: $171.66 / 147,53 ��  *(volume: 280)*
+- 🟩 90 minutes in: $171.91 / 147,74 €  *(volume: 278)*
+- 🟥 85 minutes in: $171.81 / 147,65 €  *(volume: 277)*
+- 🟥 80 minutes in: $171.82 / 147,66 €  *(volume: 277)*
+- 🟥 75 minutes in: $172.15 / 147,95 €  *(volume: 219)*
+- 🟩 70 minutes in: $172.20 / 147,99 €  *(volume: 206)*
+- 🟩 65 minutes in: $171.78 / 147,62 €  *(volume: 192)*
+- 🟥 60 minutes in: $171.19 / 147,12 €  *(volume: 180)*
+- 🟩 55 minutes in: $171.33 / 147,24 €  *(volume: 179)*
+- 🟥 50 minutes in: $171.21 / 147,14 €  *(volume: 179)*
+- 🟩 45 minutes in: $171.37 / 147,28 €  *(volume: 169)*
+- 🟩 40 minutes in: $171.28 / 147,20 €  *(volume: 118)*
+- 🟥 35 minutes in: $171.25 / 147,18 €  *(volume: 113)*
+- 🟩 30 minutes in: $171.41 / 147,31 €  *(volume: 95)*
+- 🟩 25 minutes in: $171.24 / 147,16 €  *(volume: 85)*
+- 🟥 20 minutes in: $171.09 / 147,04 €  *(volume: 85)*
+- ⬜ 15 minutes in: $171.25 / 147,18 €  *(volume: 65)*
+- 🟥 10 minutes in: $171.25 / 147,18 €  *(volume: 52)*
+- 🟩 5 minutes in: $171.60 / 147,47 €  *(volume: 26)*
+- 🟩 0 minutes in: $171.56 / 147,44 €  *(volume: 19)*
+- 🟥 US close price: $171.36 / 147,27 €   *($170.20 / 146,27 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1636. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+This is a comment I made in response to /u/thederpill in the *Perspective on ethetc rate.(pumpndump)* thread:
+
+/u/thederpill said:
+
+> the argument is that etc doesn't need developers, they just need to add whatever eth adds and they get all the eth improvements plus auditing. 
+
+I said:
+
+That certainly is *the* 'argument' and I'm sure you've heard it as many times as I have at this point. /puke
+
+But frankly, it's pure delusion.  I've been a developer for almost 20 years now.  Of course I can merge in changes from the trunk--big whoop.
+
+However,
+
+* It's not innovation
+* It's not creativity
+* It's not critical thinking
+* It's not problem solving
+* It's not ingenuity
+* It's not unique
+* And it's definitely not acting in good faith
+
+And please spare me the tired old beat up and failed argument of "but, but, but, ETC doesn't *need* to be any of those things because it has immutability."
+
+Again, a purely delusional argument.
+
+I haven't see one legitimate dapp developer articulate how or why they *actually* think or believe that their dapp's transactions are at risk of being 'arbitrarily rolled back'.  On the other hand, I have seen a few snarky populist arguments (none of which I would consider legitimate) to try and gain favor from the ETC crowd.
+
+In addition, ETC will not have *any* worthwhile distinguishing features *other than*:
+
+* the presence of a thief holding 3.5M+ ETC over the heads of the entire ecosystem
+* a bunch of now stolen ETC being traded among users/traders
+* the perception of a community and ecosystem that values spite and illicit behaviors/activities over honesty, pragmatism, and progress
+
+So someone please, anyone, provide me with a well articulated argument as to why I, as an investor, should find *any* value in a product or technology with traits such as those described above?
+
+I've been waiting for a week+ now, and not a single person can provide me with a well articulated answer to the question that isn't based on 'just because' and/or purely speculative assumptions.
+Hello, individual investors!
+
+I must say, I'm very pleased with my investment so far.
+
+NO DATES!  
+
+
+However, here are some dates of interest!
+
+Let's talk about OATS! No, not the kind found in your Lucky Charms, but the Order Audit Trail System!
+
+​
+
+**WHAT IS OATS?**
+
+I'm glad I asked! Let's dive in:
+
+​
+
+https://preview.redd.it/o0sq6djljec71.png?width=1106&format=png&auto=webp&s=6657a10d13871d958315621905b877267e3121bb
+
+​
+
+https://preview.redd.it/lvn6r7spjec71.png?width=632&format=png&auto=webp&s=09bc9e1e600ed48a81b1d4326d018099786a592b
+
+Want some interesting history? Well, the OATS system was established in 1998. That's right! Over 20 years ago! It's basically an order tracking system that is designed to **re-create events in the lifecycle of an order and more completely monitor the trading practices of member firms.**
+
+Now, the reason why they implemented the OATS system is quite interesting.
+
+Back in 1991, there was a hearing conducted that involved ***THE SALOMON BROTHERS,*** **who is now CITIGROUP GLOBAL MARKETS.**
+
+What's so special about Salomon and Citigroup Global Markets?
+
+Well, the book-keeping manager for $GME JUST SO HAPPENS TO BE SALOMON SMITH BARNEY! 
+
+The hearing that I'm referring to is a hearing regarding a Treasury Bond scandal that Salomon Barney was caught in, and they had no other than Warren Buffet come in to clean up their act.
+
+Here's an excerpt from the hearing:
+
+​
+
+​
+
+https://preview.redd.it/xlgct83skec71.png?width=1110&format=png&auto=webp&s=511abd5e1ff6089635c56cb2bf9c4818417e94ed
+
+Buffet goes on to say " and a spirit about compliance is as important or more so than words about compliance. I want the right words and I want the full range of internal controls but I also ***have asked every Salomon employee to be his or her own compliance officer."***
+
+**Ah! What a solution, Buffet! Have them be their OWN compliance officer! What could go wrong!**
+
+Basically, they criticized Salomon brothers for their fraudulent acts, brought up the fact that most volume was executed ***OFF EXCHANGE*** and were concerned about how much power Salomon Smith Barney had. ***Sound familiar?*** At the time of this hearing, they were the biggest bank on Wall Street, and later on would become the ***UNDERWRITERS FOR GME.*** (Handled their first IPO offering)
+
+Interestingly enough, they also accused Salomon Brothers for causing a ***intentional short squeeze*** in the Bond market. Full circle?
+
+**One final note related to Salomon Smith (tinfoil for a second)**
+
+I'm just going to leave these right here:
+
+​
+
+https://preview.redd.it/ywdvk1f9lec71.png?width=1054&format=png&auto=webp&s=533b6ea8daafa43e7dcf60be3b2554971bc5da85
+
+​
+
+https://preview.redd.it/rk0zjx6blec71.png?width=851&format=png&auto=webp&s=17441a1ebe4ebf9da8b434d2060096f8bbc403e7
+
+\--------------------------------------------------------------------------------------------------------------------------------------
+
+Back to the OATS!
+
+So anyway, the OATS is being retired August 31st of this year, making September 1st the first day that the OATS will no longer be used.
+
+So you might be asking yourself... ***WHAT IS TAKING ITS' PLACE?***
+
+Well, the Consolidated Audit Trail, of course! or the CAT!
+
+Now, let's look at the CAT, and what it brings to the table:
+
+The Consolidated Audit Trail, or the CAT, is basically an upgraded ***surveillance system*** that is supposed to ***track*** events during the lifecycle of an order, rather than ***re-create*** events. In other words, they will see interactions taking place between members in real time.
+
+***I FELL THIS IS HUGE!***
+
+***"Charlie, you still have faith in the system?"***
+
+"***Absolutely not!" But it's fun to pretend.***
+
+So the reason why I think this is a big deal, is because, again, the legacy system (OATS) has been in operation since 1988, and it's now 2021, and we're FINALLY getting an upgrade with big differences.
+
+Amongst these differences:
+
+​
+
+https://preview.redd.it/cnhblun4mec71.png?width=1114&format=png&auto=webp&s=eed4176ae3c3a95bcc246fdd6608b927f08919b4
+
+Broker dealers, or "INDUSTRY MEMBERS" as defined by the new Consolidated Audit Trail rule, or rule 613, will be REQUIRED to submit customer, order and trade information in "NMS Securities", or exchange stocks and options, AND OTC equity securities across **ALL MARKETS** to the **CAT Central Repository.**
+
+THIS IS A CRITICAL DIFFERENCE
+
+The OATS had no accountability for broker-dealers, and we all know the shenanigans that go on between them. (security lending, rehypothecation, etc)
+
+​
+
+**NMS STOCKS**
+
+​
+
+https://preview.redd.it/w41eu33smec71.png?width=1109&format=png&auto=webp&s=8d4691dc4c33ec7981f657f9d821d6af65aca6b7
+
+As you can see, the NMS rules have been updated to reflect the new CAT: Rule 613.
+
+[https://www.catnmsplan.com/](https://www.catnmsplan.com/)  <-- Great resource to learn more about the CAT
+
+​
+
+https://preview.redd.it/a7c239w9nec71.png?width=618&format=png&auto=webp&s=b5cf4aacabd351f9ddc59fcc67e8d0bae249a440
+
+TL;DR
+
+The OATS (order audit trail system) created in 1998 to combat the manipulation taking place off exchange, was a system designed to re-create events in the life-cycle of an order to hold member firms more accountable and detect malpractice.
+
+Over 20 years later, that system is now being replaced by the Consolidated Audit Trail, or the CAT, to actually ***track orders throughout their lifecycle, including OTC, options, and equities, and between ALL members, including BROKER-DEALERS,*** a key difference from the OATS. The OATS will be retired on September 1st, and the CAT will then be implemented! This has taken over 20 years to get out, and hopefully will allow for a better market for us all. (one can only hope)
+
+​
+
+https://preview.redd.it/rr7vf45goec71.png?width=645&format=png&auto=webp&s=787585827ea43295bee78549a47057e487267e87
+
+I LOVE THE STOCK
+What had the most impact in your life and your fat ambitions? I’m young and watch this page often for motivation and i’m really just trying to see what really got y’all to the position you’re in now. If you could share pieces of advice or just something you wish you’d have known back then. 
+Maybe something that put you from fire to fatfire?
+Thank you for your time.