diff --git "a/reddit_finance_43_250k_272.txt" "b/reddit_finance_43_250k_272.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_272.txt" @@ -0,0 +1,10000 @@ +* 2 employees, 12 customers. Slow line. Looks like one dude is making all the drinks. One potential customer walked away. +* second location: 8 customers, 3 employees + +Lenscrafters + +* Pretty equal customer to employee ratio + +Champs Sports + +* Active. + +Apple + +* BUSY AS FUCK +* An hour later, MORE BUSY + +Lindt + +* 4 employees, 9 customers +* Active + +Davids Tea + +* Dead. +* 5 employees + +Tumi + +* 2 customers, 4 employees +* Seemed dead + +Free People + +* Slow + +L'occitane + +* Beautiful store +* Busy-ish. An hour later, slow + +Pandora + +* Active. Much more so than People's. An hour later, still active. + +The Face Shop + +* Small, moderately busy. +* 4 employees +* An hour later, still busy + +Disney Store + +* Busy + +Ann Taylor + +* Pretty slow + +Coach + +* Active + +Massimo Dutti + +* Dead + +Bath and Body Works + +* Same colour scheme L'occitane is going for, but doesn't look nearly as good +* Busy. Lots of customers around. +* Much cheaper than L'occitane. + +Le Chateau + +* Mens: Dead +* Normal: Dead + +Aritzia + +* Busy, good looking store + +Wilfred + +* Looks like aritzia, different tone +* Older crowd +* Slow + +Johnston and Murphy + +* Pretty dead +* 1 customer, 4 employees + +Guess Accessories + +* 4 employees, 4 customers + +Fossil + +* 6 customers, 10 employees +* Store looks good + +Pink + +* Active +* Security guard. Odd. + +Victoria's Secret + +* Active, much less busy than La Sensa + +Banana Republic + +* Dead +* Women's store: twice as active + +Little Burgundy + +* Busy + +Abercrombie & Fitch + +* Busy + +Sephora + +* Busy as fuck + +Guess + +* Active + +Oakley + +* Busy +* Security guard + +Baby Gap + +* Active + +Lululemon + +* Busy + +Marciano + +* Dead + +Williams-Sonoma + +* Slow + +Hyba Activewear + Thyme Maternity + +* Active, but not very + +Stuart Weitzman + +* Active, good looking store + +Loft + +* Dead + +Babaton + +* Active + +Club Monaco + +* Active + +Kate Spade + +* Busy + +Zara + +* Two locations: both busy + +Roots + +* Busy + +Nordstom + +* Busy + +Sportchek + +* Busy + +McDonalds + +* Busy. \~3:20 PM. + +Tims + +* Busy \~3:20 PM. + +A & W + +* Dead; other lunch places were not dead. \~3:20 PM, so maybe 12 PM is a different story. + +New York Fries + +* Active, \~3:20 PM. + +TNA + +* Active + +Indigo + +* Busy! + +Swatch + +* Tiny kiosk, with product laid out clearly and nicely +* Fairly active! People stop and talk to the sales people, look at stuff + +&#x200B; +Have finally found the strength to end things with my very abusive ex, am left with my two lovely children to pick up the pieces. During our time together he took over all the finance and bills, I have since found out he hasn't been paying anything apart from the rent. There are huge debts and because he insisted I gave up my job, I have no income to pay them. He has also amassed huge parking fines on my car and has been hiding the letters from me so they have become county court judgements. +I also have no way of paying next months rent. I do receive a few benefits for my disabled daughter (we are in the UK) and child support from my children's father, but that is all. Has anyone been in this kind of situation? I really don't know where to start, I'm a bit shell shocked from the abuse, the end of the relationship and know this. + +EDIT: Firstly, thank you everyone for your kind and helpful comments! I am contacting all your suggestions and some have already been incredibly helpful. Last night I hit rock bottom as not only did my ex partner's parents turn up to take all his stuff but a bailiff arrived and took my car leaving me without means of getting the kids to school. I honestly felt like ending it at one point. But this morning is a new start and I have decided to take hold of the situation however gloomy it looks. I still have no way of paying the rent but I know that wherever we end up, my children are now safe. I really think it was you lovely redditors that pulled me through, thank you! +When visiting California this past summer, a whole bunch of gas station were cash only or that they only accept debit cards. Is this more prevalent in the West or is this where gas stations are heading in the future to cut costs? +I have today received two letters from the HMRC. + +Both are 'Self Assessment, Notice of Penalty assessment' letters for the tax year ended 5 April 2020. + +The first letter is a £100 Penalty and the second is a £1200 penalty. I have not received any letters previously, but fully acknowledge that this is my fault. + +in the year they are referring to I was a student and earned nothing more than a couple of thousand pounds through some minor freelance jobs. I have no intention of dodging any taxes and certainly didn't earn enough that year to have to pay any either. + +I have never filed a self assessment, which is my fault. However, an issue I continue to have, and have been in contact with the HMRC about without any success, is that I can't access my self-assessment page. Everytime I attempt to login I am prompted with a screen that says they need to verify my identity with two of the following items: UK Passport, Payslips or P60, Self assessment, Tax Credit and Voice ID, Northern Ireland Driving license. I am unable to do so as I'm not a UK citizen and am also new on the job-market. + +This fine would be economically crippling to me and my current situation. + +What would the best practice be to appeal the fine, or is there any hope of at least having it reduced to the original £100 fine, which was received simultaneosuly to the £1200 fine. I am keen to have all of this resolved so that I can use the system as intended and hope to reach that point without hitting poverty. + +Any and all help is massively appreciated. + +(Edit: Spelling) +What conditions need to be present for you to accept the economy is fine and upward movement is justified? I never see this articulated in doom threads. It's easy to say things are bad but what is your definition of good? If you can't say, then how are you even investing? +Hello, I’ll get straight to the point. I’ve been up the last few nights with panic attacks thinking about the future. It’s making me physically ill and I have no one to turn to for advice. + +42 years old this year. +24k cc debt. +68k student loan debt. +My current rent is very cheap $600 but could double or triple within 5 years if I have to move. +Own no property. Single (and have to plan it will stay that way because who knows. No kids. Will not inherit anything. No savings. +Live in Bay Area. Current salary 100k edit: will start in august. Last couple of years 80k, before that 6 years at 50k and before that hardly anything. +I have been working as a contractor for a few years, contributing the least amount to 401k no match and have a 2 other 401k from previous job but I know I did not contribute much at all. + +Will finally be converted to regular employee this year, eligible for a 403b with a match of 4% compensation. But not eligible until Jan after I reach 1000 hours so 2023? I’ll be starting late July. +Will also receive 5 percent of compensation pension here. Eligible first of the month after 1,000 hours met. + +Obviously I won’t be retiring in the Bay Area but because of debt can’t think of leaving now. + +Please tell me what to do and if there is any hope for me. I’m financially illiterate obviously but desperate to learn and don’t want to hate the rest of my life. +...so that you couldn’t put away any savings for a while, was it worth it? Would you do it again? Did it cause you problems you didn’t expect? + +Edit: thank you everyone for sharing your stories and advice so far - it’s fascinating and educating hearing all the different journeys people take. It’s really helping me (and others, it seems) think through what to prioritise and what to take risks on. Please keep them coming :) + +Edit 2 for TLDR: it seems many people who did take this risk did so because they felt that their jobs were extremely stable and that they had guaranteed promotional prospects in the near future. + +Hard to feel this confidence right now, regardless of industry/sector, but perhaps in a couple of years more of us will have this again +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. +>History never repeats itself, but it does often rhyme. - Mark Twain + +&#x200B; + +Hello everyone. I'm back and I've got some stuff to share with you. Mainly how I believe we are on the greatest crash course to global destruction we have ever seen...ever. How "helicopter" money printing and a lack of consideration for the consequences have led the global financial system to an irreversible meltdown. And how I think that we are very close to witnessing it all unfold. + +**How it all started** + +The Great Financial Crisis of 2007-08 was one that literally shook the world. The Lehman Bros collapse triggered a chain reaction of cross-defaults that crippled the global economy. Liquidity was in high demand. The very reason for the first domino to fall. Banks lost confidence in one another which led to them not lending and sparking great demand for "pristine" collateral. I've read lots of versions of the story. Watched documentaries on repeat. I've studied the GFC inside and out. One thing I must say, I'm definitely getting '08 vibes lately. The news articles. The YouTube vids of "analysts" saying don't worry, buy the dip. Especially [this clown.](https://twitter.com/JimCRAMER) We all know how his Lehman Bros prediction turned out... Now of all my research of the GFC, I never really understood how we just picked up the broken pieces and went on like it never happened. Some people say that the GFC wasn't allowed to happen like it should. Some say that it never finished. That's where this all gets really interesting... + +**Money Printer Go Brrrr!!!!** + +Sound familiar? That's because it's a trick we still use today. QE. Quantitative Easing. To break it down, basically it's liquidity being pumped into the system by the Federal Reserve/Central Bank of the US. The Fed creates what are called "Bank Reserves" which are then used to create cash on the balance sheets of those who hold them. These "reserves" are merely money being printed into existence. Much like the $120 Billion per month of purchases that the Fed is currently making. To pull us and the rest of the world out of a recession, the US began what's known as 'QE1' by injecting liquidity into the banking system, reinsuring confidence and allowing business to resume in the banking system. That's actually a mild representation of what really happened, but I don't wanna beat off a dead horse (or however that goes) because most of you likely know the story. If not, I suggest you read up on the 07-08 financial crisis. + +**The Dilemma** + +So as you all know, there's a lot of things going on in the stock market that doesn't make any damn sense. Something that has caught my eye was a fundamental contrast in the FX market (foreign exchange) and the US stock market. You see, generally a stronger Dollar would result in falling equities and also softer commodity prices. That's not at all been the case. $DXY is an index that tracks the USD relative to a basket of other currencies. When the index rises the dollar strengthens and vice versa. $DXY has been on a gradual, albeit a volatile, upward trajectory all year long. So what gives? First thing I done was go back in time and read [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) by u/atobitt and tried to make a correlation. Then I read it again. At first I thought maybe a short squeeze on $DXY and after searching for short interest, I found very little that led me to believe that there was actually someone shorting the dollar...kinda. + +**Swap Lines** + +What is a swap line? + +> Swap lines are arrangements between two central banks to keep currency available for their member banks in the reciprocal countries.1 These agreements stabilize markets when markets become stressed. They reassure banks that there won't be a run on a specific currency that they won't be able to meet. Swap lines keep plenty of currency available during times of stress. + + [Swap Lines: Definition, Purpose, Examples (thebalance.com)](https://www.thebalance.com/swap-line-definition-purpose-examples-3305966) + +Essentially, a swap line is a cash injection into foreign and sometimes domestic banks that is intended to instill confidence in the banking system. Seems like we're getting somewhere now. Swap lines are merely loans much like you would get if you went to your bank and borrowed money. The difference between a swap-line and a basic mortgage/loan is that in a swap, the counter-party would offer their currency in exchange for the USD rather than some other type of collateral. An example would be if Europe for instance needed a large amount of USD then the ECB would make an arrangement with the Fed to exchange Euros for USD at the current FX rate. This isn't restricted to just the EU either. These swap-lines are available to any central bank or anyone who uses the Euro Dollar system (basically the entire world.) Euro dollars are not to be confused with the Euro. These are two totally different currencies. The euro dollar is just the dollar that is transacted by parties outside of the US. + +**We gotta save the world!!!** + +**"** The Federal Reserve on Wednesday announced the extension of its temporary U.S. dollar liquidity swap lines with nine central banks through December 31, 2021. These arrangements were first announced on [March 19, 2020](https://www.federalreserve.gov/newsevents/pressreleases/monetary20200319b.htm) to ease strains in global dollar funding markets resulting from the COVID-19 shock and to mitigate the effect of such strains on the supply of credit to households and businesses, both domestically and abroad. Extensions to the facility through March 2021 and later through September 2021 were announced on [July 29, 2020](https://www.federalreserve.gov/newsevents/pressreleases/monetary20200729b.htm) and [December 16, 2020](https://www.federalreserve.gov/newsevents/pressreleases/monetary20201216c.htm), respectively. A further extension of the temporary swap lines will help sustain improvements in global U.S. dollar funding markets by serving as an important liquidity backstop." + +&#x200B; + +[That's a lot of 0's](https://preview.redd.it/97zps7zp21r71.png?width=1906&format=png&auto=webp&s=424228b89fce8e831b49565cb5f0437e64c7338c) + +So what does this all mean? That's a *very* good question. One that I've been trying to figure out for weeks now. Basically these loans have expiration dates, much like any other loan. But what happens when other countries are printing boat loads of money and inflation is running "above target" for "some time" and the deadline to pay is approaching? Well, you devalue your currency to pay back your debt. This is where the magic happens. I'm sure all you EuroApes are already well aware of the inflation that is going on across the pond so I will be using Europe as my example throughout my explanation. + +**Inflation** + +This is something that I would assume everyone knows about so I won't do an ELI5 on the matter. Just know that money creation without the production of goods and services is an inflationary action. QE is exactly that. It's a constant stream of cash being injected into the system without having the goods in circulation to back the liquidity. This is where I became lost. If money printing is inflationary and J. Powell has had his foot on the money printer throttle, then WHY IN THE FU%K IS THE DXY RALLYING? Fairly simple. Because everyone else is being forced to print *more* money in order to repay those US denominated treasury debts. That's right. The entire world is at the mercy of the Fed. Foreign currencies are tanking while the dollar rallies. The energy crunch is only going to cause this to become much worse. The only way to curb inflation is essentially to raise interest rates and stop the helicopter money printing. + +**The Bond Market** + +Most of you probably know a little bit about bonds. Boring. "Safe-haven" assets that pay out a laughable ROI (when inflation isn't running wild) and are traded globally between other governments and investors. Bonds are basically an I-O-U agreenment that says "I wanna borrow this money from you and I'll pay you X% rate as a coupon when the contract expires." The Fed essentially has control over the interest rates. The lower the rates, the more growth that can be expected from the economy because money is cheaper to borrow and people are more willing to borrow to start businesses etc. There's another way to control interest rates, however. One that can essentially be done by retail investors. That happens by purchasing bonds. You see, the bond market works inversely to the equity market. When investors buy bonds, the yields drop as to where in the stock market, equities rise. So by the Fed buying $120 billion in treasury securities a month, no wonder interest rates are pegged to 0. In fact the real rates on the US10Y bonds have been negative for quite some time. This is extremely inflationary. At this point, the only way to curb inflation is by raising rates. This is where shit gets messy. + +**The Rate Hike** + +Sooooo...... The US has gotten itself in somewhat of a "pickle". We've found ourselves backed into a figurative corner. Now we have only 2 options. Let inflation run wild and crash the global economy or raise rates and crash....the global economy. I'm gonna dive into both and why they're equally disastrous and why I think that we're effectively closer to to a global catastrophe than we've ever been before. First off the US debt to GDP is at an astounding 140.72% according to [usdebtclock.org](https://usdebtclock.org) which means that the prospects of "growing our way out" of debt is basically naught. US national debt is at $28.828 trillion and rapidly growing. GDP is at $22.896 trillion and US federal tax revenue is at $3.864 trillion. The interest on the debt is calculated by multiplying the face value of outstanding Treasuries times their interest rates. Treasury bills have short durations ranging from a few days to 52 weeks. Notes are sold in two-, three-, five-, seven-, and 10-year durations. Bonds are for 15 and 30 years. Short-term debt has lower interest rates than long-term debt because investors don't demand as much of a return when lending their money for a shorter period. I figure that the US will become insolvent if rates were to hit 3.75% on the long end. This is why the Fed has had their foot on the gas buying up all the treasuries, holding the rates down. They literally can't help it. + +&#x200B; + +[Total public debt](https://preview.redd.it/gyri3cmnj1r71.png?width=1909&format=png&auto=webp&s=3c828a182fc241fc270f83d3eb7abb3531b1a677) + +**So how does all this matter?** + +I've kinda went on a tangent here and I'm truly sorry. Attention Deficit Disorder... But it all matters, I promise. Back to the strong dollar and hyper-inflation. The Feds actions have undeniably caused turmoil in the markets all across the globe. From shipping/supply problems leading to shortages to the labor crunch we're seeing today. The Fed and the money printer is responsible for it all, whether directly or indirectly. With countries around the world devaluing their currency to meet demand for the US dollar, this is creating a huge problem. Countries are beginning to stare down the barrel of insolvency as they scramble to print money to pay debt. This led me to a man named Brent Johnson, founder of the *Dollar Milkshake Theory.* I did a little write-up a while back that was rushed and very low quality so I, like Dr. Burry, deleted that shit. [Here is a video of him explaining his theory.](https://www.youtube.com/watch?v=PWVRWUkm54M) Essentially, what he says is that the US has issued so much debt to other countries that the demand for USD will push the dollar higher. Why is this so dangerous? Commodities. Oil/Gas, Gold, Silver, Copper, etc. they all react to movement in the dollar. Typically a stronger dollar would mean that commodities would fall. But in this scenario where supply chain issues and the ongoing crisis in China, Oil is surging. This is bad for the Fed because they've been tasked with 2 objectives that we've heard over and over again. Stable prices and maximum employment. Well both of those are in grave danger with oil prices surging. In order to tamper inflation down, the Fed must raise rates. On the other hand, a rate hike would be detrimental to the state of the economy and the US equity markets. Jobs would be lost with a market crash and with the number of unemployed already high, risking further unemployment would be a very daring move by the Fed. The question remains. Does the Fed do nothing and crash the world? Or do they do something and crash the world anyway? The cracks are starting to show. In fact [Jamie Demon of JPM Chase](https://neonnettle.com/news/16854-jpmorgan-chase-ceo-warns-america-prepare-for-catastrophic-u-s-credit-default) is warning Americans of an impending "catastrophic default" by the US. Seems like he is having '08 vibes too, eh Jamie? + +&#x200B; + +[picture of Jamie Dimon probably lying to congress](https://preview.redd.it/bemmjtazp1r71.png?width=1911&format=png&auto=webp&s=18fdcf272cf4edb3d781359608d5723f40827cfa) + +I know this has been somewhat of a random post but the fact that this is playing out just like Brent predicted 3 years ago tells me that he's got some insight that most people don't see and that there's a good chance he is right about the fall of the rest of the world. The only way out of this is if the debt is paid off and we all know that won't likely happen. Another way out would be through defaults which would only put more pressure on the dollar as the demand doesn't go away, only the debt and dollars associated with the debt. Meaning less dollars in supply. This is literally a short squeeze on the dollar. Directly caused by money printing. This means that the fuse is burning a whole lot faster and they're running out of time while simultaneously drowning the banks. This is causing the banks to be flushed with excess cash, causing them to seek shelter in the ON-RRP facility to avoid getting a collateral call. The strong dollar also lessens the chances of banks loaning money, which is their main source of revenue. Long story short the banks are drowning and Powell has his foot on their head. The global economy is moments away from the biggest meltdown in history. This will lead to margin calls and eventually trigger a flash crash like we've seen in the past as the algos turn to selling mode. The only safe place to be right now, in my opinion, is GME. I believe the end is near and everyone on WallSt is screaming for help. Buy HODL and DRS. I'm doing my part. I hope you all stay safe through these next few weeks. Prepare for the worst. Food, water, and daily necessities. Stay strong guys. I'll see you on the moon! +I know this thread topic is used quite a bit around here, but generally the options and responses are a bit limitless (wine/dom, tasting menu, etc.). In this case, I have firm and industry regulations around the amount that I’m able to spend on clients. + +These are clients who are all FAT and generally can buy anything they want. Their age range is 30s-60s and most have young families, though some are single. + +I’d ideally like to get something that everyone can enjoy when they’re sitting around for the holidays, not something that only one person gets to reap the benefits. I’d really like to avoid the traditional gift baskets. + +Price range: $400 or less. + +TIA. +Not sure which is better...anybody with experience? + +Edit: I’m 32. I worked that job for 6 years. I thought I might go back so I left the money alone. Now I know for sure I wouldn’t go back + +Edit: thank you for the feedback and also the award! I’m indecisive so this helped a bunch...I will go through when I have time and respond more! +This story has a happy ending , but I thought that it would be useful to share my experiences so that people can learn from my mistakes. + +Some back story: As a side hustle, I buy and sell cameras which I find on the cheap online. I've been a photographer for a number of years, and I love collecting old cameras. Over the Lockdown I decided to turn this into a side hustle to earn a little extra cash and had found that people sell some really good cameras on ebay and gumtree for quite cheap, usually because people inherit them or find them at junk shops and then they just sit on a shelf for a few years gathering dust. I didn't make millions, but it was a good way to fill my evenings. + +That was until I spotted my dream camera for a decent price on Gumtree. I'm not going to mention the camera name just to give me some layer of anonymity, but its widely considered the holy grail of 35mm film cameras. The advert had plenty of pictures and read something like: + +Selling my old dad's camera, hasn't been used for a few years but works with a new battery. See pictures for more information and feel free to ask questions. + +I jumped at the chance. The camera was priced at £1000, which was the most I had paid for a camera save for the one that I use for work. I spent the weekend talking to the seller, asking questions and deliberating over it with my partner before I decided to pull the trigger. I Thought That I would have been able to make a decent 500 - 600 off of the back of it and thought everything was above board. On Tuesday, we agreed that I would send £500, he would post it on the Wednesday and then I'd pay the rest when it had arrived. Which I was happy to do. + +I sent the money over through a bank transfer, as he said he didn't want to pay the charges associated with Paypal and we continued to chat. He was worried that the money hadn't come in, so I sent him a picture of the payment going through so that he could rest happy until the money arrived into his account. I went to sleep dreaming of testing the camera like a good little hipster and then putting some money back into my business. + +On Wednesday, I sent him a message asking for a receipt and the tracking number. + +No reply. + +On Thursday, I sent him a chasing email. + +No reply. + +I sent him daily messages and slowly came to the realisation that he wasn't ever going to email back. I complained about it on a few reddit threads and someone helpfully told me that I was a victim of an APP Push payment scam, aka a bank transfer scam. + +For the uninitiated, Bank transfers don't offer you any protection in terms of getting your money back like you do if you use a credit card or paypal. Him telling me to send the money by bank transfer severely reduced my options of what I could do to get the money back. + +Here's what I did about it: + +Firstly, a week after I sent him the money I sent him an ultimatum that if he didn't respond, I would assume he's run off with the money and I'll take it further. He didn't respond to that either (surprise surprise at this point) so I called my banks Fraud department to see what they could do. + +After about half an hour of waiting around, I told my bank the story, making sure that I told them everything that I had done to try to do my own due diligence about the purchase. It turns out that most of the high street banks are part of some Fraud alliance, and if you've been a victim of Fraud, they can compensate you up to the full amount of you payment. They also send the scammers card details to an external agency who investigate it further and can freeze their bank accounts to make sure this doesn't happen again. All of this in an hour. By the end of the day the money was back in my account and I was safe in the knowledge that the powers that be will come down hard enough on them that they'll think twice about ever doing it again. + +So what have I learnt from this experience? + +&#x200B; + +1. Scammers know as much about niche interests as you do. + +This guy had done his homework. The camera was close enough to the going price to avoid suspicion, but cheap enough for people to think it was a bargain. I thought that scammers would go for people buying tech online but I was wrong. My thoughts are that he actually owned the camera and had done this multiple times before with pictures of his own camera. + +2. Your bank will have your back, so long as it looks like you did your part too. + +If you are a victim of the scam, they're going to ask you a thousand questions on what you did to check if it was a real product. Luckily I did that, asking plenty of questions and sending him regular messages over multiple days. Don't let them go quietly into the night, shout after them to the point of being annoying. + +3. Don't be too hard on yourself + +When you tell people, they're going to tell you that you were an idiot for falling for something like this. That isn't true. My friends and family thought I was mad because it was an expensive camera, and I wasn't ever going to resell it. I've bought hundreds of things off ebay and gumtree in the past and this is the first scam. Just be mindful if: + +They ask you to do a bank transfer rather than go through paypal + +They ask you to start emailing them rather than use the app chats + +They give you a little too much back story - my guy kept going on about another business he owned, I thought he was just being chatty but on reflection, I think it was to give him more validity. + +4. There are some really helpful websites out there which give you hope. + +Shout out to [Which?](https://www.which.co.uk/consumer-rights/advice/what-to-do-if-you-re-the-victim-of-a-bank-transfer-app-scam-aED6A0l529rc#emotional-support-available-after-a-scam) who have a really good section on what to do if you fall victim to this type of scam + +&#x200B; + +So here I am, my dream camera still somewhere out there, but at least I'm not out of pocket and the thief is going to have a shock when he can't pay for a pint now the pubs are open. + +&#x200B; + +TLDR in the form of a Haiku: + +I like cameras. + +I fell victim to a scam. + +My bank Fucked him. +I’m 27 years old. I started my mortgage last year for 35 years. Currently I’m saving for a car. I earn £42,000 currently. I put 14% of my salary into my pension. My work matches my pension up to 7.5%. I plan to raise my pension every year with the standard half your age formula. + +I guess I have two questions. Am I putting too much in? +Instead of putting so much into my pension should I put it elsewhere? Danke + + +Edit: so much advice, thank you all for your input. + +My short term goals are a car and that’s really it tbh. Maybe a wedding but I’m not in a hurry. + +Edit: I am aware that I used the formula wrong. Please stop telling me +Currently looking into buying some Riocan (at hopefully $15, if it reaches that this week) for mid-term hold and maybe some NUMI depending on how much it opens at and if it has a pullback. Also thinking of buying ESE (entertainment) sometime this week when the price goes down a bit more. CVX (raw materials) seems like a no-brainer to buy right now as well due to price, growth trajectory and new CEO (which could be a good but also bad thing?) + +What is on you guys' radar and why? +One question that is frequently asked in this subreddit is, "Should I pay off my mortgage or invest the money?" Every time it's posted, we get the same arguments from both sides, and both sides have really good points. In general, not paying off your mortgage is the better long-term financial decision, but paying off your mortgage gives you a sense of freedom and stability that can't be beat. + +One financial argument for paying off your mortgage that I've seen discussed recently is that by paying off your house, it's easier to lower your yearly income enough to qualify for ACA subsidies, which can save thousands of dollars every year. And if that's your goal, or if you just want to strike a middle ground between the two sides, consider paying off *some* of your principal, and recasting your mortgage instead. + +I haven't seen recasting discussed much here (a search for the term "recast" revealed no posts from the last year), so here are two good articles on recasting: + +https://www.rocketmortgage.com/learn/recast-mortgage + +https://www.forbes.com/advisor/mortgages/mortgage-recasting/ + +Basically, you pay off a good chunk of your principal, then ask the bank to recalculate your monthly payments, with the same interest rate and final payment date that you currently have. Unlike a refinance, nothing about the mortgage changes, except for the size of the monthly payment. And also unlike a refinance, it doesn't come along with hefty fees, a credit check, or tons of paperwork. For example, with Rocket Mortgage, it's a simple $250 fee to recast your mortgage. + +As I approach FIRE in a few years, I'm going to look at the ACA subsidies at that time, and determine my best way to stay under the caps. I might pay a good chunk towards my principal at that time, and lower my monthly payment enough to stay at the necessary annual income to qualify. + +Hope this helps others in the community! +lots of bulls still around. lots of people who have seen only V shape recoveries. But now we have a Oil crash and Treasury yields at all time lows. These are historic moves. Until the dip buyers capitulate, we will not see the bottom. +Hey all, + +I just bought my first duplex 2 months ago. I'm currently saving for my next purchase but probably won't be for another year. I have a property manager taking care of the duplex so right now I'm just working my regular W2 job. I have the real estate bug and I'm still reading, watching youtube videos and going on this sub to get more experience/information, but I'm RESTLESS. + +For the passive investors, do you guys just shut off your real estate brain once the deal is done and just wait until you have the funds to purchase another one to turn it on again or do still try to stay active - reading, youtube, met ups, checking out price trends on zillow etc. + +Thanks, +[Blue Apron Slashes IPO Price 34% as Amazon-Whole Foods Looms](https://www.bloomberg.com/news/articles/2017-06-28/blue-apron-meal-kit-company-slashes-ipo-price-to-11-a-share) + +I had planned on making a small first-day play on this (the occasional IPO first-day trade is the only day-trading I ever do and it's always a relatively small amount that I risk). However, this news has scared me off. Will anyone be taking advantage of this potentially reduced price or does this news reinforce beliefs that this is a stay-away company? +31M, married, 1 kid, NW $650,000 + +&#x200B; + +Background: When my wife I got married we were over $250,000 in debt (mortgage, student loans, car loans). We got into Dave Ramsey around 26 and I discovered FIRE about 3 years ago. I read all the blogs, listened to pod casts daily, and bought tons of financial books. I was checking my accounts using an app every few days, my wife and I were eating rice and beans. I was glad we turned our finances around but the stress of massive debt morphed into stress that my early retirement goals werent happening soon enough. + +&#x200B; + +But after awhile the information just seemed repetitive, and around the same time about a year ago my son was born. Ive been so busy changing diapers, cleaning bottles and doing all of the baby stuff that I just realized I havent checked my net worth in months. + +&#x200B; + +Having automatic deductions setup has been a blessing, it has allowed me to enjoy more important things in life all the while my money is working for me. Looking back I dont feel like checking my NW daily or constantly worrying about how to create side income or reduce my electric bill by 1% did all that much to improve my finances. Our budget isnt as tight as it has been in the past, obviously kids cost money to raise but we also pay for conviences we didnt in the past just because we have less free time. This will certainly add another year or two of working to hit our retirment number, but I think once you understand the core values of FIRE and get into a routine its best to take a step back and enjoy life, rather than get caught up in the stress of chasing wealth. + +&#x200B; + +Ill get off my soap box now, just thought I would share some quick thoughts with those new to FIRE. Ill check back in with y'all next year, hopefully with a NW north of three quarters of a million and maybe a new addition to the family. + +&#x200B; + +\~Spart + +&#x200B; + +EDIT: Sorry for the confusion. Many are correct that my NW at time of marriage was not negative $250k, instead we had $250k of outstanding debt in the form of a mortgage, two car loans and student loans. If you took libailities minus assets at that time our actualy networth was probably closer to -$50k since the home and cars could have been sold and repaid most of the loans. + +&#x200B; + +The goal of the post was to discuss the emotions and stress behind actively vs passivly achieving FIRE. The summary being im happier not micromanaging my finances and I am still on track to achieve FIRE. +# Some Heartfelt Words + +Hello, r/SuperStonk. I am not a financial advisor. I am merely autistic, number-crunching engineer. + +I have been pushing this theory a swinging cycles for a few months now. When I first presented it, I was teased, mocked, and memed. I went through quite the hazing when I first posted this theory to reddit. I bring this up to specifically comment on my frustrations I have felt as a result of those that have not gone through that ostracized feeling but have yet benefitted from this idea. I have spent countless hours going through iterations of modeling and cross comparing models, data sets, sources, distributions, and so so much more. + +It is my view as a engineer with a strong stats background that TA has not been applicable to this specific ticker for a very long time. This is evident because of my formal training in orthodox statistical analysis and it very prevalent uses in this specific situation. I have not changed my original idea that an underlying, repetitive computation has been at play. I have evolved the ways I have modeled it but my greatest thesis of the existence of an algorithm has been constant. + +During the times when I was constantly teased, ridiculed, and so many other harsh responses the internet tends to give those that introduce a thought that greatly contradicts the overall community's belief, I did exactly what I have been advised to do. I was told that when everything went dark, to trust the DD. I trusted mine. + +# To Understand is to Love + +All my DD, twitter spaces, statistical examples, et cetera have been worded with having those that are completely new to investing and data analysis in mind. I did this to encourage learning a subject I have a great love and passion for and to show how this stuff isn't really all that intimidating. Although something may look really, really hard and complicated, when you spend the time to observe it and understand it, you must realize that it really isn't at all. + +The most beautiful thing to me about this particular behavioral trend is its simplicity. There isn't a bunch of lines drawn influenced highly by observational bias and there isn't some sort of coding script to identify patterns. It literally is just looking at the data as a function of time which is one of the most fundamental examples of statistical modeling. + +This is poetry to me. + +# God from the Machine + +The term "Deus Ex Machina" is defined as "a person or thing that appears or is introduced into a situation suddenly and unexpectedly and provides an artificial or contrived solution to an apparently insoluble difficulty." To me, I interpret that something so improbable that occurred in an all too perfect way could have only have happened by divine intervention. For me, this "algorithm" is my Deus Ex Machina. It is my black swan. + +# Evolution of a Theory + +I purposefully have not posted a follow-up to one of my previous data analysis where I identified when the most significant dates along with the history of these swings because I received too many response show they bought options from my conclusions. I did not like how what I posted for others as purely a form of knowledge was used for financial gains. Since we are now so close to when I believe a very volatile (potentially MOASS inducing) day will happen, I am writing this up. I believe I have gone over my statistical analysis and mathematical process flow enough where the below graphs can easily be referenced to my previous DD. + +# Without Any Further Ado + +[Overlay of previous to current cycles' greatest single day decrease ](https://preview.redd.it/i3hoviben0m71.png?width=797&format=png&auto=webp&s=8850e5e06b9847e22d43ce0c89467846b6fcb0d0) + +[Overlay of previous to current cycles' greatest single day increase ](https://preview.redd.it/0uszknrkn0m71.png?width=788&format=png&auto=webp&s=966e04e4e52605169abfb9f807d1f058455114fe) + +&#x200B; + +[Greatest Overnight Change Theory ](https://preview.redd.it/1879td9vq1m71.png?width=1577&format=png&auto=webp&s=81b1c8b3961d17a5cf3afe601655b6e5c7ebf62b) + +# Conclusion + +The repeating cycles are suggesting for a very volatile week. + +# Thoughts + +I believe in you. It really is that simple. Data analysis, investing, stocks, or whatever isn't intimidating if you just take the time to observe and notice what its true nature is. Take good care of yourself because there is only one of you. + +# TL;DR + +Buckle up and get ready to see how well you can hold. + +Edit 1: [tweet](https://twitter.com/pwnwtfbbq/status/1435122799429840896?s=20) + +Edit 2: For the Greatest Overnight Change Theory Graph, I made a typo of 5/24 and edited it to 5/25. +So I worked at a company for about a year (mid 2018- mid 2019) and accumulated about 10k in a 401K traditional plan. Now switching jobs I want to roll over the 401k into my Roth IRA with my new company. Just to keep everything in one place. Can I only roll over the entire 10k or do I have to roll over 6k (the max IRA contribution) this year and then next year rollover the rest? +Wanting some opinions here… +My wife and I currently have a private loan on our home (balance of $160k, value of $450k). My vehicle is paid off, hers has $15k left, but her credit wasn’t too hot when she purchased and her rate is about a 10%. Our private mortgage rate is a 5.75%. +I’m looking to get a second vehicle for about $70k. Should I pull $85k out of home equity to purchase a new car and pay off my wife’s? We would then own hers and my new one out right, and have a new loan balance of $254k on a $450k home. + It seems everything is breaking. Now I'm getting the below. I'm contacting them. + +`"error":"Individual App's transactions per seconds restriction reached. Please contact us with further questions"` +**EDIT 10/7:** I have the results of my simultaneous purchase test. Posted here: https://www.reddit.com/r/Superstonk/comments/q39afs/i_tried_to_obtain_consecutive_computershare/ + +TL;DR: ComputerShare account high score may be off by as much as 10x. + +I hate to bring un-tit-jacking news, but I think it's important to correct things when we find out more accurate information, so here it goes. + +**Calling ComputerShare** + +Starting at the end of last week I decided to do what I could to confirm CS accounts were sequential. To me this was the most exciting thing on this sub, and confirming sequential accounts was the silver bullet to knowing we were close to DRSing the float. + +Unfortunately, it doesn't look that way. I started simple. I chatted with CS and straight-up asked: https://imgur.com/a/Z4zCBga + +Not the answer I wanted. I pushed on and asked where I could get more information. He advised me to call and speak to the GME team. So I did. I explained I was trying to understand the volume of GME since brokers were claiming it was too much to process. He couldn't tell me the volume of shares coming in (unsurprising). So I asked if account numbers were sequential. He said yes! I was pumped. But now I have one no, and one yes. Can't just take the answer I want, can I? So I asked for a favor. I told him my account number, which ends in 12, and asked him to see if the same number ending in 3 existed. He said sure, no problem. + +And he was genuinely surprised that it didn't. I asked him to try 14. Also didn't exist. I asked if he'd keep trying until he hit on one. After a few seconds, he said, "I'm all the way up to 20 and haven't hit another account yet. I'm starting to wonder if they are numbered out of sequence for security. Maybe I shouldn't keep going." At that point, deflated, I said I understood and thanked him for the information. + +I know we have an ape with account numbers 8 apart. That seems to be the closest we know as this test went up 8 numbers without finding a match. I'm assuming there is some sort of random factor contributing to the last digit of the account number. + +**From the broker's end** + +This wasn't my only avenue. From comments in /u/stopfuckingwithme's high score posts we've come to estimate that Fidelity is doing 2000 DRS transfers a day (If asked, they will give out a confirmation number which seems very much to be a sequential counting of the day's DRS requests. Apes were DRSing one share at the end of the day and getting confirmation numbers around 2000.) Through my own battles with TD Ameritrade, I got in touch with their DRS department. Actually, had a really helpful guy there who was calling me back at the end of the day to update me on progress. Chatting with him I asked for a ballpark on the volume they're processing. He said 3000/week "sounds about right". So 600/day. + +So from TD and Fidelity, we have 2600 DRS per day. Now that's not the whole story. We have direct buys, we have other brokers. But we also have some percentage of transfers going into existing accounts. I think given the two largest US brokers doing DRS transactions are combining for 2600 per day, 2500-3000 new accounts daily is within the ballpark. That is 1/10th of what the daily CS new account high score is showing us are being added each day (typically 27-29K). + +**My smooth-brain conclusions** + +I think CS accounts are sequential, but the last digit of the account number is random. (So one account may get 0012345X, the next is 0012346X, the next is 0012347X.) If anyone has two accounts that are the same in all but the last digit, I'd love to see it to disprove my theory. + +What do I think this means? **DRS focus continues to be important**. I think the current mindset in this sub is that the float is close to being fully registered. I saw one estimate saying it's halfway there. I think there is still a long way to go. I do think it will get there. But it's going to take sustained momentum. It's going to take every single ape deciding that the safest thing for them is to own their shares in their name. + +**Please prove me wrong** + +I would also love to be wrong. If any ape wants to take a crack at this and get better answers or more concrete data, please do it. Here are the numbers I called: + +ComputerShare: 800-522-6645 + +TD Ameritrade DRS: 800-652-4584 + +EDIT: u/AllCredits's [comment](https://www.reddit.com/r/Superstonk/comments/q1b2bk/we_have_a_long_road_ahead_computershare_accounts/hfdv23b/) made me think of a detail I should add. I created my account in mid-September. I still have not received the paper letter with instructions for creating my account. It's entirely possible the people after me also haven't gotten their letter, and thus haven't created the account. Their accounts may "exist" but not yet be active/findable because they haven't created an online profile. I would encourage someone who has received their letter to try and repeat my experiment using their account number as a starting point. That would be either great confirmation of non-sequentiality or debunking of my post - which would be awesome. +Do GIC rates always go up after interest rate hikes ? Since BoC is still intending to keep up with hikes does that mean rates will in fact get higher as well? +The team is fully doxxed, I personally spent a significant amount of time researching them before I put anything into the presale, which was capped at .5 BNB per person. I have no other involvement in the project beyond this. + +Presale filled up to 300 BNB. + +I saw that I have mutual friend of friends with all of them, that they all seem to be personally representing this project in public. + +It passed my personal scam test. + +This goes a long way for me, the presale just ended and the token is now live. + +An introduction to $HOPE + +🤝First international charity based cryptocurrency + +Our goal is to help people or charitable organizations to do some good while offering this project more exposure in order to expand our community to an international scale. 🚀 + +Not a deflationary token but there will be a 🔥1% manual burn 🔥for every 1K holders until 10K holders. 🔥 + +✳️Total supply: 1 000 000 000 + +✳️8% tax fee on every transaction + +(5% goes to donation account, + +2% goes to devs,owners and token developement, 1% will be added to liquidity pool) + +🌐 Website • [https://hope-token.com](https://hope-token.com/) + +📄 White Paper • + +[https://hope-token.com/whitepaper](https://hope-token.com/whitepaper) + +Socials + +👽 Reddit • [https://www.reddit.com/r/HopeTokenOfficial/](https://www.reddit.com/r/HopeTokenOfficial/) + +🐦 Twitter • [https://twitter.com/realhopetoken?s=21](https://twitter.com/realhopetoken?s=21) + +👾Discord •[https://discord.gg/cRRshGdgtx](https://discord.gg/cRRshGdgtx) + +❇️ Official channel • [https://t.me/Hopetokenofficial](https://t.me/Hopetokenofficial) + +🔊 Announcement Channel • [https://t.me/Hopetokenofficial](https://t.me/Hopetokenofficial) + +📨 $Hope Telegram channel: [https://t.me/HopeTokenChat](https://t.me/HopeTokenChat) +Nothing. It means literally nothing at all. Expect a dip, expect them to drop it with family gatherings upcoming. Buy the dip, DRS that shit, and HODL. + + +250 character minimum fulfillment. + +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Let me start off by saying I am an 18 y/o Male, who loves to see people smiling and in generally a good mood. But because of my attitude, and lack of self control, I often end up spending a lot of money on friends and family. Recently I got a pretty large sum of money for someone my age. I recieved (no jokes intended) $6900. But had to use $2500 to finish paying off a vehicle I had purchased. This left me with $4400, in which I spent around $800 on friends and family before getting around $500 from work. I currently have around $3800 left after making a couple of important purchases to fix my own vehichle. But I have no idea what to do with this $3800, I'm not sure if I should invest it in something long term or short term. I leave for boot camp for military service in September, and recieve a little over $1200 (on average) a month. How should I deal with this money? Should I just lock it away in a savings account? If I should invest it what's the best method for doing so? + +Edit: I just eoke up, and I see a lot of people are telling me to put it in a bank savings account, in which I have already done. Not all of my money is in physical form. +So you set your limit order for 1 contract and you see there are 100 orders at that ask price. When the next market order comes, who gets the fill? Be$t customer? Random? + +First come first filled? + +IF FCFF, if you set your price one tick closer to the middle, and 20 come with you…now are you first? Seems unlikely +in high IV environment, what do you put on? for example bear call spread, bear put speard, sell naked calls, buy puts…. etc. what didn’t work as planned? + +for me, i’ve switched to delta 0.1x and shorter time frame. + +what didn’t work for me is uvxy… none of the vix products track vix it seems +I wasn't around this sub during the COVID monster drop since I was mostly an option buyer back in March. Do you guys mind share some experiences during the COVID crash from an option seller perspective? All the CSP sellers, what happened to your position. Did you just keep rolling? Take assignment then watch it tanked again? How did you manage your portfolio back then. Thanks for sharing!! +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? +I wasn't around this sub during the COVID monster drop since I was mostly an option buyer back in March. Do you guys mind share some experiences during the COVID crash from an option seller perspective? All the CSP sellers, what happened to your position. Did you just keep rolling? Take assignment then watch it tanked again? How did you manage your portfolio back then. Thanks for sharing!! +I'm a data scientist by occupation and familiar with statistical models and ML methods. I've always been interested in employing an algotrading system, but I figure it would be a huge time commitment in order to make the system profitable and autonomous +The article is about JobKeeper, but ... + +> The Australian Taxation Office ... plans to closely scrutinise claims from individuals for working from home expenses, which are expected to soar this financial year. + +https://www.smh.com.au/money/tax/employers-could-dock-staff-pay-to-claw-back-incorrect-jobkeeper-payments-20200529-p54xwd.html +I don't give a flying fuck If this Incidence was a 'glitch', an error, Tinkerbell on crack borrowing shares like crazy or whatever problem you pull out your ass. I want fucking EVIDENCE for it. +You know this place huh? This is Superstonk, a place where shit memes are posted, a giant circle jerk occurs whenever the chairman does something, but the most important thing: Crazy smart people are sharing their DD's with us dumdums and everybody gains knowledge in this process, even If you only read the TLDR and talk some shit in the comments. +Some stuff is so good it deserves a Pulitzer Prize, other stuff gets debunked. And that's totally fine, this is the process of learning. +So If you come out today and talk about yesterdays trading day: Bring fucking EVIDENCE! I would believe you If you say it's a glitch IF you have evidence for it. + +So chose your way: Do your fucking DD and deliver it to the best fucking hive mind ever, or get your 2 days old account rekt and nobody will listen to you again, ever. + +Welcome to Superstonk, fuckers +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Aug 18 2022): **170.28** + +---- + +→ Change from 2020 peak to now: **+24.3%** + +→ Change from all-time high to now: **-3.6%** + +→ Change from now for prediction to be correct: +**-59.8%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.1%** + +⇒ Average monthly change since all-time high: +**-1.1%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +I am a beginner in trading and I want to make a choice to start my path. I want to focus on a certain area and invest my time in it and then slowly move to the other ones: + +Forex? Crypto? Options? Stocks? Futures? + +What should be my choice? + +upd: what is the best stock platform for day trading? and with what sum should I start (after paper trading)? +Where is the value coming from? Pure speculation? + +Don't tell me it's the idea that Musk will reshape the world, every car company is now working on an electric vehicle and many can compete with Tesla's products. +I've really place the word investor in between " for a reason. I see too many speculators who think for superficial reasons that "it's the right time to invest". + +A word for you: you are not the first smart ass who thinks "to buy low sell high" as if it was the backbone of a stock market "strategy". + +I don't mean to offend anybody but i feel like the risks are REALLY underestimated by a lot of Redditors at the moment and I would like to put down a word of caution: The world is not at the end of their trouble with Covid19. Or let me rephrase: It is just the beginning. + +Think twice before to listen to the advice from the cousin of your brother in-law, or someone from this subreddit (including me why not, i could be wrong). + +I personally beleive that its not the time to invest but i will let this for another discussion. Meaningwhile to sum up, I strongly recommend to people here to consider and reconsider the current economic situation and its high risk to worsen. +I’m not sure if this is allowed. I hope that it is, because everyone seems informative here. + +My 80-something year old parents are having a really rough time right now and not sure what to do. I apologize if the post is too long. I’ll try and make this as short as possible. + +The situation: + +83 and 84 year old parents +$51,888 in debt (all credit cards and one loan for a water heater) +No savings +No life insurance +Paid off house but has reverse mortgage (that they can’t pull from anymore for a lump sum) + +My parents regular bills are around $6300 a month. This is their prescriptions, insurance, utilities for their home, internet, groceries and car payment. Oh, and their debt. + +Their income is $5200 a month. That’s social security, one retirement (other one doesn’t get retirement) and payment from their reverse mortgage. + +Their credit score is done. It’s shot. Frankly, they’re not concerned about it anymore. They can’t pay all of their bills anymore because their DTI is too high. A couple of us kids have taken over their small car payment each month and thrown cash their way - but after several months of doing this, they’ve gotten nowhere. Their payments all seem to go toward interest. Pay $300 on your discover card? Cool, $60 of that goes toward principal. TL;DR? They’re getting nowhere. + +I’ve called my bank to see if they have any advice and I’m pretty much told (credit union) that if I wanted advice about this that I’d have to sign up for financial counseling for my husband and myself, not a family member. And we don’t need that. The guy I spoke to and the other person both said we wouldn’t even be accepted given that we are more than financially set. 😩 + +What can we do? Debt consolidation doesn’t seem to be an option. Especially because their credit score is done. A lot of the payments they’d be looking at are right around what they pay now, so there doesn’t seem to be a point. There also seems to be a lot of fees on that. They called some place called MMI(?) and my father sent me the spreadsheet that the guy working there sent. They’d be paying about $18,000 in fees. No thanks. + +What else can be done? There are three of us children. One of us (brother) cannot afford to help at all and is struggling greatly. My husband and I are taking care of their car payment and giving money when needed but can’t keep it up in this economy. And my sister sends $200 a month which is her threshold. + +Side note - we offered the suggestion of bankruptcy but found they can’t do this with a reverse mortgage. + +Thank you in advance. Apologies for such a long post. + +EDITED TO ADD BREAKDOWN FOR THOSE ASKING: + +Discover card - $880/month + +AMEX - $672/month + +Line of credit - $224/month + +Loan they have (ally) - $1094/month + +Sears - $466/month + +Bank of America credit card - $420/month + +Second Bank of America credit card - $861.00 + +Internet - $65 + +Car payment - $185 + +Car insurance - $88 + +Groceries - $300/month + +Insurance for mom - $285.00 + +Insurance for dad - $292.00 + +Prescriptions monthly - $230 + +Gas - $35/month + +HOA: $12/month + +Personal property taxes - $84/month (they pay quarterly) + +Total - $6193 + +As you can see, their utilities aren’t even listed here. The money my sister sends and I send on top of their car payment covers this. +https://www.cnbc.com/2018/08/06/companies-set-to-buy-back-1-trillion-worth-of-shares-this-year-to-kee.html + +To what extent does this mask selloffs by investors? Surely a big contributor to this is the excessive cash many companies are sitting on due to both record profits and the recent tax cuts. Does this in particular make anyone lose any sleep at night? +When people ask me why I invest in crypto, I usually start ranting about why it is such a groundbreaking technology and the implications for potential profits, but the real reason I invest has nothing to do with money. + +I think of each dollar I convert from fiat to crypto as a step towards my own personal emancipation from, what I understand to be, the most diabolical and sinister of all tyrannical levers of power: central banking. + +When I first discovered bitcoin in 2012, I immediately knew it was going to be the investment of a lifetime. I didn't really understand the tech at the time but I fully understood the political implications of a store of value that is not subject to the whims of academics and bankers. + +For the first time in history, a unit of value that is stateless and uncensorable can be transmitted peer to peer instantly without any banker middlemen charging for a fee, net loss to the sum economic output of a nation. Unleashing that siphoned capital for truly productive endeavors has profound implications for the advancement of humanity as a whole. + +I invest in crypto as a political statement; as a vote against a system that I cannot change but one that I can now peacefully and voluntarily opt out of. It is a vote for freedom, and to me, that is more valuable than any amount of profit imaginable. +I’m a long term investor, two years ago I made the novice mistake of scheduling an appointment with a wealth advisor. I knew nothing about investing, and this is obviously something she recognized and took advantage of. I opened up a Roth IRA and a taxable account with them, I had no clue what I even had. It was whatever she picked, lots of various ETF’s/bonds etc. + +I was being charged 0.35% per quarter, the balance quietly being taken out each quarter. + +Thanks to subs like this and r/Bogleheads, I found out I was being ripped off big time. + +I was being charged an outrageous amount for something I didn’t need. + +I promptly emailed my advisor and asked if negotiation was possible, as I was concerned about the fee adding up long term. I was told ��no”, just wow…how greedy can you be? + +I made an account with Schwab and transferred my investments over. I then sold everything and bought VT. + +Schwab’s customer service is wonderful + + +Just a reminder to not make the mistake I made! Luckily I only had about a year of that mistake, compared to 30. + + +Obviously you have to be cautious when listening to anyone online, but if you’re a young, long term investor…a low cost well known ETF really is hard to beat. Pick something like VTI or VT and call it a day. Schwab, Vanguard, TD Ameritrade are some of the reputable ones to go with + +People can have their little debates about international or US only but I mean as long as you’re picking something low cost then you’re good. + +LATER IN LIFE ,then it gets more complex. As far as bonds etc. + +I’m only 33 so I have nothing to say about that, I’ll ask when I’m 50 years old when to look into bonds lol +I didn't even know this was possible and just discovered that it's actually a thing. I'm no economist so if someone could explain what this would mean if it happened and how it would directly effect everyday people in regards to their loans and savings. +As the title says I have $10,000 to put into stock market and I have absolutely no idea where to start. I've always wanted to get into trading. Can anyone recommend some starter books or reference sights, anything in general? + +I do have a friend that will be guiding me through this, he made his entire fortune from trading but he's been out of the game for several years. +Forget DRS FUD, this is the real story to take from this earnings. What's it gonna be? We're buying baby? Loopring? Robinhood? Stay tuned and find out in the next episode of superstonk Z + +CEO Matt Furlong said they're keeping the 1 bil cash on hand to explore acquisitions. Why no one talks about this + +Forget DRS FUD, this is the real story to take from this earnings. What's it gonna be? We're buying baby? Loopring? Robinhood? Stay tuned and find out in the next episode of superstonk Z + +CEO Matt Furlong said they're keeping the 1 bil cash on hand to explore acquisitions. Why no one talks about this +**BitcoinTalk Thread:** https://bitcointalk.org/index.php?topic=583660.0;all + +**IRC Channel:** Freenode - #parallaxcoin + + + +**Coin Specifications:** + +* **Algorithm:** Scrypt Adaptive-N with merged mining support + +* **Block reward:** 150. Optimized for tipping + +* **Block time:** 1.5 minutes. Optimized for speed and blockchain size + +* **Block halving:** Every 350400 blocks (~1 year) + +* **Block retarget:** KGW + +* **Max Coins:** 105120000 PLX (~34.80424345 years) + +**Launch Time:** 1:00 AM UTC + +**ParallaxCoin is an INNOVATIVE coin. It is the world's first*** **Scrypt Adaptive-N factor coin that can be mined simultaneously with another N-Scrypt coin for free (Merged Mining).** + +**Merged mining works by hashing the merged chain's tx's along with the other chain and submitting that to both chains. You'll be able to mine PLX, and any other scrypt-n coin, at the same efficiency you would only mine the secondary coin.** + +**This new technology makes PLX the most secure NScrypt coin as Parallax has the potential +to combine the hashrates of all N-Scrypt coins, thus resulting in more network hashrate and a higher level of security.** + +**Our coin was announced first; 'MonocleCoin' actually announced their coin in OUR announcement thread (different thread than the one posted as we initially were offering an IPO but reconsidered). Monocle has deviously set their launch two days before ours, and so technically can claim the title of 'Worlds First Merged Mine-able N-Scrypt Coin', however, our coin was set to be the first.* +This god awful fucking boss baby ass logo needs to go ASAP. I hate it so much. Fuck that stupid logo. If hating that logo was a stock I would buy all of it. I miss the jazzy cool cat with hair we used to have. He represented our ideals. This little Caillou piece of shit we have now must burn in Hell. + +That is all thanks. +It still sort of pains me to live more frugally right now in order to put money into retirement accounts and long term investments, so I like to imagine that I’m taking that money and just putting it into a time machine that is instantly being sent to retirement age me. And I imagine how psyched an older and more tired version of myself will be when the doors of that money-stuffed Delorean swing open. Do you have any mental tricks you play with yourself to help you save? +Who has the brand names wins the war, this war is enormous, and OMI will win. + +NFT frontier is the biggest since Defi. + +Keep investing in shit coins that’ll go to zero once people realize that made of characters aren’t cool to collect. Kids want brands they know. Adults spend money on brands they know. + +ECOMI has Alfred Kahn leading the way. He brought Pokémon to the USA. OMI could be the next Pokémon. Alfred is the best brand licensor in the world and he is on the ECOMI team. + +Just wait till NFL players are stoked about their NFT and are tweeting about it. Kids posting pics of posing in their backyard with Tom Brady. + +Everyone loves some type of mainstream superhero or cartoon. ECOMI has signed 100+ of the biggest brands in the world including DC Comics, Warner Brothers, THE NFL, Monster Jam, Jurassic Part, Cartoon Network, etc. They will inevitably have most of the biggest brands in the world while other NFT projects are rolling out new stories about the origins of Bitcoin or tales of them fighting off dragons with glowing green goop. Mainstream doesn’t want that shit. I can’t believe crypto people even buy into that. + +OMI will go to a billion plus. It’s around 60-70m right now and about to hit exchanges in next week or two while marketing ramps up (now). + +Stop buying shitcoins guys!!! Invest in real stuff. + +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing Tips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to [start a new discussion](http://www.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers will still be removed in accordance with our [Subreddit Rules](http://www.reddit.com/r/personalfinance/wiki/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). + +It seems this sub is preoccupied with the markets. Why don't we talk about some other options. + +I've recently began looking at split-profit houses. Many construction companies ride thier line of credit as hard as they can. So hard, in fact, that They are willing to split the profits with private investors. In essence, the investor takes out a construction loan and finances the construction of a house. The builder typically takes care of all the details. Better yet, construction loans are typically paid interest-only and you can often roll that forward as well. As long as you could affortd the mortgage payments should the market go south (in which case you now own a rental, which isn't bad if housing goes south). Most houses are going to get about 20% markup, from which you get half. The beauty is in earning the money just by using potential credit you are letting lie fallow. Of course this is a better strategy in some markets than others. + +What else do you guys do outside of the markets? What would be a good hedge to pair with this against a housing downturn? +Individual stock of a company, not a global ETF and similar investment products. + + +For example, if you own an iPhone, did you buy Apple stocks? If you use a particular bank, such as RBC or TD, did you buy their stock? Perhaps you drink coffee at Starbucks regularly and invested in them? + + +Thank you. +Here I was regretting my buy on TQQQ. Come Monday, it's guna shoot back up. Well, hopefully. Plan is to sell at a break even. I told myself that the ups and downs wouldn't scare me, but we can all say whatever until it actually happens. I think I'm going to put it in REITS. It seems to be the only area in he market that hasn't bounced back yet. +I’ve just been made redundant and I’m in the process of looking for a job and was wondering if anyone had ways of making money on the side. I’m currently on universal credit which sucks and is embarrassing so was wondering if people could share ways in which they’ve successfully been able to make money. +I mean if you started day trading with $10,000 and got a 0.2% return daily and with there being 252 trading days a year, you'd be a millionaire in 10 years. $10,000*1.002^2520 = $1,536,944. A 0.2% return on a low volatile, blue chip stock like can't be that unrealistic right? Or am I missing something here? +Interesting experience for my Brothers GF this morning. + +A new iPhone was delivered to her address this morning by courier. She has a phone, and had no applied for a phone and was not expecting this phone. She was a bit confused and called Optus, but while she was on the phone to them a woman turned up at the door, claiming to be from Optus, advising that she was here to pick up the mistaken delivery of the iPhone X. + +Luckily she sensed something was wrong, and my brother was on chat telling her not to hand over the phone. The contact at Optus also advised her not to hand over the phone. She told the woman at the door that she would not give her the phone and would follow up with Optus. Woman from the door apologies and leaves hurriedly. + +She lost her wallet a few months ago, so at this stage it looks like they applied for the phone on her behalf somehow. They're following up with police and Optus. Interesting scam. +* OPEC+ decided earlier this month to slash its production quota by 2 million barrels a day — despite objections from Washington — leading to speculation that the White House could respond with more releases from the Strategic Petroleum Reserves (SPR) to ease prices. +* "They are also weighing an emergency release of potentially as much as 100 million barrels," per Energy Aspects' Amrita Sen. +* Sen added that investors as of late have stayed away from long positions on oil while the market has been flooded with excess sellers. +* SPR wasn't intended to relieve price pressures and is instead meant to address emergency supply constraints.  SPR is now "absolutely being used to keep prices lower even though that's not what it's meant to be used for."   + +Source: [https://markets.businessinsider.com/news/commodities/oil-price-outlook-spr-joe-biden-release-100-million-barrels-2022-10](https://markets.businessinsider.com/news/commodities/oil-price-outlook-spr-joe-biden-release-100-million-barrels-2022-10) +https://preview.redd.it/gpcfqwn5t9381.png?width=720&format=png&auto=webp&s=0d17f309d29faa8e95f593d7a130fcfb95c31786 + +**TL;DR: Great ape of history Dr. Jim DeCosta's comments to the SEC in 2003 mentioned the issue of shares held in retirement accounts being illegally used for naked short selling. References issues with retirement account holders requesting certificate pulls.** + +Hey y'all, posted this on a recent post that got some traction but in case it doesn't get eyes on it thought it was relevant. There was some amazing DD/visibility given by the following on this great ape of history Dr. Jim DeCosta: + +u/LaserHawk_ in "**The Ultimate DD about the CEBE (Counterfeit Electronic Book Entries) created by the SBP (Share Borrow Program) within the DTCC. Written by Dr. Jim DeCosta on a forum from 2006. Want it to get immortalized on Reddit."**([https://www.reddit.com/r/Superstonk/comments/q53qzh/the\_ultimate\_dd\_about\_the\_cebe\_counterfeit/](https://www.reddit.com/r/Superstonk/comments/q53qzh/the_ultimate_dd_about_the_cebe_counterfeit/)) + +u/Myumat00 in "**Ho Lee Fuk, we live in a simulation. This was allegedly written 15 years ago, but doesn’t it sound eerily familiar?? Dr. Jim DeCosta fuks."**([https://www.reddit.com/r/Superstonk/comments/q5cr94/ho\_lee\_fuk\_we\_live\_in\_a\_simulation\_this\_was/](https://www.reddit.com/r/Superstonk/comments/q5cr94/ho_lee_fuk_we_live_in_a_simulation_this_was/)) + +&#x200B; + +[Samples of DeCosta's comments found in a search](https://preview.redd.it/59q1o7k85d381.png?width=1488&format=png&auto=webp&s=9e5514d46760d2b76f7c653297b084a0583b9c40) + +Anyways, after following the Fidelity fiasco posts I decided to lazily search for "naked short selling retirement accounts" and wouldn't you know who came up, featuring quotes back in 2003: + +&#x200B; + +*Source:* [https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +>"Until all of the legitimate shares, that is those with a certificate in existence to back it up, are pulled out of the DTCC by shareholders demanding delivery of their certificates, those that bought "fake" shares are oblivious to this fact. This pooling phenomenon gives power to the malfeasor and blindness to the victims. **Notice how the shares in a given b/d's "lendable shares account" are anonymously "pooled" together. Shareholder Sam from Chicago will never know that the shares in his qualified retirement account have been illegally rented out to cover some MM's sale of nonexistent shares....** +> +>**Since many of the frauds being perpetrated in naked short selling involve shares held in qualified retirement plans safeguarded by the 1974 ERISA Act, perhaps the Department of Labor that oversees the ERISA Act could be looked upon as a resource if the SEC is handcuffed by monetary or manpower constraints.** Shares held in qualified retirement plans are, of course, forbidden to be in margin accounts and expressly forbidden from being loaned out; **yet hundreds and hundreds of investors in the U.S. are being refused delivery of their shares after making demand, even for the 60-day rollover period...** +> +>**Retirement shares are an ideal target for these loaning frauds as they are usually held for a very long term and are seldom demanded for delivery due to tax implications**. Committing these frauds against the invested funds designed to allow for a comfortable retirement at a time when the investor can't work is a particularly heinous crime. The shares of the companies usually falling victim to these "bear raids" are typically non-marginable securities trading under $1 **yet the supply of shares being loaned out seems to be unlimited and shareholders holding these shares in qualified retirement plans can't even get delivery of demanded certificates.** +> +>Are the broker/dealers hiding behind the notion that since all of the shares in "street form" are technically held in the name of "CEDE and Co., which is the nominee of the DTCC, then TECHNICALLY the DTCC participants are the "nominal/legal" owners and they can do anything they want with their possession? **What happened to the parameters of Rule 15c3-3 forbidding the loaning out of fully paid for securities and excess margin securities?"** + +I'm sure there's more but it seems that there isn't anything new under the sun and he knew about this issue nearly 20 years ago. + +P.S. Threw a random image for some splash of color from Fidelity because why not. + +EDIT: I forgot the original source. I'm a smooth brain. Also double checked but just in case it's also archived on the Wayback Machine. \*Not financial adviceEDIT 2: Words + +&#x200B; + +EDIT 3: Great comments from u/loimprevisto here and in another thread, wondering if anyone can look up more on this? + +>What happened to the parameters of Rule 15c3-3 forbidding the loaning out of fully paid for securities and excess margin securities? + +What happened to it? They just made up a new [rule/service](https://www.dtcc.com/clearing-services/equities-clearing-services/the-fully-paid-for-account) that says they can ignore it! + +>The Fully-Paid-for-Account is a good control location for compliance with the requirements under Section 15c3-3 of the Exchange Act. +> +>The Fully-Paid-for-Account allows Members to deliver institutional transactions via DTC using customer fully-paid-for securities in anticipation that they will receive these securities from CNS. + +[DTCC's Fully Paid for Account rules? Thread to pull?](https://preview.redd.it/5luk4xrg5d381.png?width=1852&format=png&auto=webp&s=ab4fda96d0eff5a44fac6c01320fbd01cc01cbdd) + +EDIT 4: And revisiting the original text, so perhaps I misinterpreted (can someone confirm) but DeCosta seems to be discussing this here in the context of retirement plans (hence why he says can call the Department of Labor to address it) BUT there are some *juicy* takes here by some apes, like u/Simple_Piccolo: + +>This makes me wonder if that's why VERY EARLY on in this saga we had a HUGE call for buying shares in an IRA account..... + +and u/GotShadowbanned2 + +>Is this related to various state authorities buying Gamestop shares? ALASKA and.. Georgia bought some iirc? + +Very true! And yeah damn so we'd have posts like these show up by users like u/phaaaa & u/cwhaaaales: + +&#x200B; + +https://preview.redd.it/0ozl2utc4d381.png?width=1476&format=png&auto=webp&s=2d4f2d24d5af5e6ac539822c449878ed34f051fa + +&#x200B; + +https://preview.redd.it/kcapdfce4d381.png?width=1458&format=png&auto=webp&s=5abce2142a413b9f2b0dccd312f6b763451d949f + +Some of those takes make me wonder **what if--per DeCosta's comments on abuse of retirement funds--all the retirement funds originally going long on GME was actually a BAD thing for us as stockholders? As these are the types of funds that DeCosta is mentioning that MMs are borrowing shares from against?!?!** + +EDIT 5: jfc this rabbit hole never ends lol + +So per that post about on the retirement holders, went to double check on [fintel.io](https://fintel.io): [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) + + +&#x200B; + +https://preview.redd.it/2x4yd30n7d381.png?width=2150&format=png&auto=webp&s=9e5b01ccaa4fe0f203d5b9d126e9c79399118a65 + +This is the ranking of retirement firms holding GME. The top holder by shares is Cal State Teachers which might make sense since it's so huge perhaps. But look at #2. Does that look familiar to you? Well guess what, IT LOOKS FAMILIAR TO ME. I remember because I actually wrote an old DD on it: [https://www.reddit.com/r/Superstonk/comments/nz5wt0/who\_owns\_55\_water\_street\_in\_nyc\_the\_building/](https://www.reddit.com/r/Superstonk/comments/nz5wt0/who_owns_55_water_street_in_nyc_the_building/) + +&#x200B; + +https://preview.redd.it/d59scbe78d381.png?width=1470&format=png&auto=webp&s=598e3ea8fa001698149ccc07606de21e404f8f2e + +https://preview.redd.it/p905qqym8d381.png?width=1518&format=png&auto=webp&s=0dc1ab7108a57f58198cc788be32b25e91883d51 + +So let me outline this idea: + + +* DeCosta writes that market makers/banks use retirement fund shares/stocks against mom and pop investors. +* One of the biggest retirement funds of all time, Retirement Systems of Alabama, is one of the most profitable but also HAPPENS to own 55 Water St., the building that houses the damn DTCC. +* RSA ALSO happens to be the 2nd biggest holder of GME shares by a retirement group. + +Could it not just be a little fishy that a company so close to the DTCC also has tons of GME shares, which we know may be being used against retail? + +**TL;DR: Great ape of history Dr. Jim DeCosta's comments to the SEC in 2003 mentioned the issue of shares held in retirement accounts being illegally used for naked short selling. References issues with retirement account holders requesting certificate pulls.** +Hello, i only a couple years into learning about investing and i am sort of trying to figure out what exactly causes a company to be broken up. Ive been reading up in a few places like investopedia on the subject. I understand there are two general types: Via anti-trust action or Via spinoffs. For various reasons, some obvious some not, Amazon is incredibly unlikely to split via spinoffs. + +It also appears that in many cases new legislation is made or even required to enforce anti-trust rules or make new ones. + +>The FTC focuses on segments of the economy where consumer spending is high, such as healthcare, pharmaceuticals, professional services, food, energy, computer technology and Internet services... + +Amazon is in almost all of these sectors, it also disrupts sectors it gets into as we have all seen with the aquisition of whole foods. KR recieved a 33% drop just on news of the aquisition. Amazon leads in Voice Assistance, Cloud Services, Ecommerce, and studios. And is a big player in Entertainment and video. Theres already rumors of another aquisition soon. Their entire strategy is undercutting competitors even if it makes them a loss on a particular item or service. + +And lets not forget what we did to [Microsoft](https://en.m.wikipedia.org/wiki/United_States_v._Microsoft_Corp.) when it started killing small companies off + +It seems like the valuation of Amazon is based on this thinking that it will eventually be in every market, every sector, pervasive throughout the world. This seems unacceptable for a captialistic economy. + +www.investopedia.com/terms/a/antitrust.asp + +*I guess my question comes down to where is the line drawn, and amazon is broken up?* Or any company for that matter. + +Further, Why has Amazon been allowed to dominate in such a way? Will it take legislation to break them up? Will the US or European governments take action? + +Disclaimer: I hold *no* stock in AMZN im just observing, trying to figure out how these systems work. Or if they work. + + +Hi, +Next week I'll have the pleasure to talk to Paul Brody ([@pbrody](https://twitter.com/pbrody), [LinkedIn](https://www.linkedin.com/in/pbrody), [EY.com](https://www.ey.com/en_gl/people/paul-brody)) at the EY headquarters in Paris, France. Like all previous conversations, I'm looking for input from you guys & girls to make this as good as it can be. Please find an overview of all previous talks at https://ethcs.org, including Vitalik Buterin, Ameen Soleimani, u/jtnichol and others. This is an ongoing series where I sit down with people from the broader Ethereum community. + +### Paul Brody + +Paul Brody and his team made a meteoric entry when Coindesk published "[Auditor EY Unveils Nightfall, An Ambitious Bid to Bring Business to Ethereum](https://www.coindesk.com/ey-nightfall-ethereum-enterprise-public-blockchain)", back in April 2019. The release of Nightfall ([Github](https://github.com/EYBlockchain/nightfall)) brings privacy and scalability to enterprise users: + +> "*Blockchains will do for networks of enterprises and business ecosystems what enterprise resource planning did for the single company.*" - Paul Brody + + +If you haven't, please check /u/pbrody's "[Depth and Scale: What blockchain can deliver now](https://www.youtube.com/watch?v=QAmNjJRtLGo)" talk. + + +If this blockchain thing doesn't work out, we'll at least have a wonderful pair of [shoes](https://twitter.com/pbrody/status/1120658967502491648). Also, we still haven't figured out if /u/glenrage is [Paul's mother or not](https://www.reddit.com/r/ethereum/comments/bx4js4/paul_brody_and_ey_truly_get_the_future_of/eq5cijo/). + +> “*Blockchain technology holds tremendous promise to bring in a new era of transparency, accountability and efficiency in business. I am working to make sure that happens and, in particular, to ensure that open, decentralized and truly public blockchains are successful.*” - Paul Brody + +### If you have more than one question, please post them in separate comments. This keeps the upvote process (which questions are most upvoted) fair. +I'm living in the Netherlands, 29 years old, working in IT and hodling since March 2016. + +I can remember someone posting a couple weeks ago "we are not the early adapters, we are the lunatics". As for many of you, I've been surprised by the small amount of people, even in IT, who knew about Ethereum. But things have changed!! Ethereum is on the radio, TV and I hear colleagues talk about it. So my prediction is: they start reading about it, hesitate buying some, but eventually BUY some! + +Anyone familiar with the product live cycle? Watch where the early adaptors phase goes! UP UP UP +Complete virgin investor in my early 30s. Really needing to start saving for retirement (late start I know). I've given up on home ownership so i've got about 20k that I'd like to just put in the markets and let sit for the foreseeable future while I drip a couple hundred bux into it every month. I've got TFSA room as I've barely used it so far. ETFs seem the way to go and from other advice and the vanguard questionaire it seems VGRO is a good safe long term option; but, I can't deny the performance of VFV is enticing. Obvioulsy past performance/future outcomes etc etc, but is it normal or wise to trade both? Or should I keep it simple and safe. I know they're already a diverse option, just is too much diversity a bad thing haha. + +I'd like to be as hands off as possible as investing stresses me out. +Market cap: 5M + +Curious to hear the community's thoughts on OPT. Solid team and huge market to dive into. +https://opus-foundation.org/ + +Edit; MC 6M https://etherscan.io/address/0x1426c1f91b923043f7c5fbabc6e369e7cbaef3f0 + +**Backstory & Context** + +I’m a 27-year-old male who lives in Zambia, a southern African country you probably haven’t heard of and that’s a good thing. I’m a Software Engineer by profession and have been working since the age of 21. During this time, I have been able to complete my master’s degree (2016) and buy my own plot of land for 118,000ZMW/$11,800 (2017). I have zero debt and I’m also the primary breadwinner supporting both my parents (retired with no passive income) and a sibling. + +&#x200B; + +My countries economy is primarily cash based. Most items, including cars and property, must be bought up-front with very little wiggle room. Credit cards are extremely rare and debit cards are the norm. Several banks and institutions do offer mortgages however they are ridiculously expensive, and most individuals don’t bother with them and construct their houses over a period of 2 to 5 years. + +&#x200B; + +My take home salary is around $2,900 per month, it terms of PPP that’s equivalent to netting $7,700 in the USA ([http://salaryconverter.nigelb.me/](http://salaryconverter.nigelb.me/)). Locally, it’s a significant amount of money. + +&#x200B; + +My current net worth is 368,000ZMW/$36,800 or in $98,000 PPP. + +&#x200B; + +**Awakening (2017)** + +Being financially independent or retiring early was a completely foreign concept for me till early 2017. At this point in time I got a job at a bank and it completely changed the way I looked at finances and income in general. For starters, everyone was much older than me (average age of 55 in the IT department, I kid you not) and by extension already planning for (if not already transitioning into) retirement. + +&#x200B; + +In this organization, every other member of staff was either the owner of multiple rental properties or a farmer. Furthermore, working with the Financial Markets department introduced me to government bonds and securities, which were a safe and lucrative form of investment. Being exposed to all of this made me feel like I was sleeping at the wheel and just coasting through life (despite being relatively “successful” for my age). + +&#x200B; + +I have since formulated an “investment roadmap” and created a detailed budget with all projected monthly incomes and expenses laid-out till December 2026 (Age 35). + +&#x200B; + +**Step 1 - No Rent and less family expenses (2018 - 2019)** + +Phase 1 is to get the heck out of my parents’ house and into my own home. Yes, I still live with them which is a drag, but it also allows me to save 70% of my net income >\_>. As mentioned earlier, I am the sole bread winner and cover 80% of all family expenses, my mums Cake business tops out the rest. Regardless, I am beginning construction of my house this October and expect to wrap up by Mid-2019. Once complete I will move out and won’t be burdened by rent. The total cost of construction will likely top out at 400,000ZMW ($40,000). + +&#x200B; + +Beyond that, I will help my parents complete a rental property which is currently at roof level. I have already contributed to this project in the past and when all is said and done I would have contributed about $8000 in total. Apart from my parents owning 1 rental property by the end of 2019 they will also begin constructing two more structures once they receive their full retirement benefits in 2020. + +&#x200B; + +Basically, my parents will be able to support themselves and I should be able to continue saving at least 65% of my take home salary in 2019 and beyond (Age 28). + +&#x200B; + +**Step 2 – Government Treasury bills (2018 - 2026)** + +All Government securities have very competitive rates. Basically, the Bank of Zambia has auctions every fortnight for both competitive and non-competitive securities. See, [http://www.boz.zm/2018-treasury-bill-results.htm](http://www.boz.zm/2018-treasury-bill-results.htm) for details. + +&#x200B; + +In August 2018, Treasury Bills of 91, 182, 273 and 364-day duration netted yields of 12.5%, 15%, 18.5% and 19.0% respectively. I invested 120,000ZMW ($12,000) into a 364-day T-Bill and will receive 142,000 ($14,200) at maturity in August 2019, minus 15% withholding tax on gains. My “grand plan” is to invest an additional 200,000ZMW ($20,000) per year into my principle account till the age of 35. + +&#x200B; + +Assuming the interest rates remain within the historic ranges of (16 to 21%) and inflation stays reasonable I can expect a net income of $30,000 per year, or $2500 per month, by 2026 (Age 35). At that point I will have the option to retire if I wanted to and still maintain a very good quality of life. In terms of PPP, my net monthly income from capital gains alone should be the equivalent of roughly $5,500 in the US. + +&#x200B; + +Assuming things don’t go according to plan I could delay retirement for another 5 to 7 years (lame) and call it quits in my early 40s. Either way, I now have a clear plan to get out of the rat race in at most a decade. + +&#x200B; + +**Investment 2- US Company Stocks. (2018 - 2026)** + +I’m in the process of completing paperwork which will allow me to purchase stocks from several US Based exchanges. As a non-resident “alien” I will not be required to pay any US capital gains tax (yay). + +&#x200B; + +I have done research on a handful of companies which I intend to hold value stocks for relatively long-term gains. This won’t be my primary investment but merely a backup in case my local currency was to go to hell or something crazy happened (#TIA). + +&#x200B; + +I plan on beginning with a modest amount of $3000 in 2018 and based on my performance contribute an additional $2000 to $3000 per year till 2026. + +&#x200B; + +**Investment 3 – eCommerce. (2020+??)** + +Being a software engineer by profession I do intent on transitioning to selling my own products and services soon. While this is merely an idea for now I’m confident in having the bandwidth to peruse this as I gain more financial flexibility and thus free time. + +&#x200B; + +**Variables** + +* A wife and kids could seriously affect my projections. Hopefully she and I will have the same outlook on life and at least a similar income level >\_> +* Economy goes to hell +* Country goes to hell +* World goes to hell + +&#x200B; + +**Conclusion** + +I had absolutely no plan for retirement till last year. Honestly, I still cant believe I was operating on autopilot for so long. I now have a clear goal, clear metrics to measure against and a set target date. Sure, things may not go according to plan but at least I'm no longer winging it. Assuming I hit my target I plan to spend my free time investing, volunteering, traveling, occasionally consulting and playing Battlefield. +Soo..what is Rubic? + +Rubic is a multichain DEX that aims to bring the best DeFi features available to crypto traders under one roof - rubic exchange + +Already implemented features: + +● Advanced DEX aggregator (Allowing you to choose the best prices available for your trade) + +● Cross-chain swaps (Currently supporting Ethereum / BSC / Matic) + +● Unique create & list your token feature (MyWish + Rubic) + +● REAL Limit orders for RBC/ETH (To automatically fill your buy/sell order at your chosen price) + +Upcoming features + +● Anonymizer for all chains (Advanced privacy in trading, will work similarly to TRON) + +● L2 Gas fee solutions (more below) + +● REAL Limit orders for all pairs + +Partners: + +● Dash + +● Polygon (Matic) + +What else is going on? + +● Multiple new team members hired for marketing & UI development + +●Team accepting UI mockup submissions, $1000 reward for successful applicant to make sure to not forget anything thats needed for the perfect UX + +● Contracts signed with marketing agencies in China/US + +● Multiple CEX listings confirmed in AMA, listings to follow marketing push + +● BRBC coming next week + +Where to trade RBC: + +rubic exchange / uniswap / probit / bilaxy + +The team has some very ambitious goals set for the year ahead, but they continue to not only consistently deliver on their roadmap, but also expand their team to work on community suggested features as one of the most open and transparent, communicative teams in DeFi. + +With a fraction of the market cap of their competitors/peers, Rubic is still a highly undervalued project with enormous room for growth. + +So there are a lot of fields rubic is acting as a first-mover. But I want to highlight one point: Rubic will solve one of the biggest problems of crypto, the gas fee problem, once the L2 solution like Hermez (mainnet this Feb) is utilized: + +"Jordi Baylina (tech lead of Hermez) said Hermez will help process 2,000 transactions per second at "one-tenth" of current fees. Ethereum's current capacity is about 15 transactions per second, and thecurrent average feeis about $11 per transaction." + +So what it means is that not only the gas for transactions will get about 10 times cheaper but also the throughput of transacting will increase to 2000 / 15 = 133 times faster when you use [rubic.exchange](http://rubic.exchange/). In other words instead of an ordinary road with 1 lane and pay booth every kilometer you will get a super highway with 133 lanes and a pay booth every 10 kilometers. + +If Rubic implements it successfully, and there is no doubt about that, it will be huge FOR PEOPLE, and bad for front running and sniping bots! + +Market cap: \~28M$ +Supply: 100M +My in-laws are in their 70s and parlayed two US federal government jobs into high quality retirements. Snowbirds with homes in 2 states, cruises (pre-pandemic) and annual trips , no debt. Deeply respect them. Their advice is that my wife and I start out doing what they did: use a financial planner to help them make the most of their investments so their savings don't stagnate in savings accounts. + +Now, I know that people at [r/homeimprovement](https://www.reddit.com/r/homeimprovement/) balk at hiring contractors for what folks their consider simple fixes and people at [r/fitness](https://www.reddit.com/r/fitness/) fly into a rage when I even mention a personal trainer. But a financial planner really does sound like it makes sense for us. Has anyone here had experience with one? What do you look for? And what do they cost? +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! + +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I continue to be incredibly excited about the days ahead. +As Citadel's clients withdraw $7 billion from the fund, we see continued short attacks against rising borrow rates. +This is an obvious attempt to drive the price down. +This tends to happen before holidays, it seems, perhaps as a way to prevent FOMO investors being convinced by their relatives at family gatherings. +Whatever the reason behind it, I see another buying opportunity. + +Meanwhile, we couldn't be invested in a better company. +GameStop is well-prepared for the future, with plenty of cash to fund growth of existing businesses, but also expand into new areas. +The leadership team treasures this community of retail investors. +Seeing yet another betrayal of retail investors by a different meme stock CEO makes me all the more appreciative of the team at GameStop. +If any in that group happen read this, thank you for walking this path with us, not upon us. + +The German markets will be closed on Monday, but I will be posting again on Tuesday. +Have a wonderful weekend! + +Today is Friday, December 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: **$19.85 / 18,67 €** *(volume: 1618)* +- ⬜ 115 minutes in: $19.86 / 18,68 € *(volume: 1613)* +- ⬜ 110 minutes in: $19.86 / 18,68 € *(volume: 1604)* +- ⬜ 105 minutes in: $19.86 / 18,68 € *(volume: 1603)* +- 🟩 100 minutes in: $19.86 / 18,68 € *(volume: 1603)* +- 🟥 95 minutes in: $19.81 / 18,63 € *(volume: 1603)* +- ⬜ 90 minutes in: $19.86 / 18,68 € *(volume: 1585)* +- ⬜ 85 minutes in: $19.86 / 18,68 € *(volume: 1579)* +- ⬜ 80 minutes in: $19.86 / 18,68 € *(volume: 1579)* +- ⬜ 75 minutes in: $19.86 / 18,68 € *(volume: 1579)* +- 🟩 70 minutes in: $19.86 / 18,68 € *(volume: 1424)* +- 🟥 65 minutes in: $19.69 / 18,52 € *(volume: 1195)* +- 🟥 60 minutes in: $19.81 / 18,63 € *(volume: 1135)* +- 🟩 55 minutes in: $19.81 / 18,63 € *(volume: 1089)* +- 🟩 50 minutes in: $19.81 / 18,63 € *(volume: 1084)* +- 🟥 45 minutes in: $19.81 / 18,63 € *(volume: 1034)* +- 🟩 40 minutes in: $19.82 / 18,64 € *(volume: 911)* +- ⬜ 35 minutes in: $19.82 / 18,64 € *(volume: 746)* +- 🟩 30 minutes in: $19.82 / 18,64 € *(volume: 746)* +- 🟥 25 minutes in: $19.82 / 18,64 € *(volume: 655)* +- 🟥 20 minutes in: $19.82 / 18,64 € *(volume: 529)* +- 🟥 15 minutes in: $19.82 / 18,64 € *(volume: 506)* +- 🟥 10 minutes in: $19.83 / 18,65 € *(volume: 432)* +- 🟩 5 minutes in: $19.91 / 18,73 € *(volume: 415)* +- 🟩 0 minutes in: $19.87 / 18,69 € *(volume: 415)* +- 🟥 US close price: $19.81 / 18,63 € *($19.70 / 18,53 € 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 1.0633. 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! +[https://pbs.twimg.com/media/FkgJD3QaAAEteb9?format=jpg&name=large](https://pbs.twimg.com/media/FkgJD3QaAAEteb9?format=jpg&name=large) + +Right now, each bitcoin 'produced' by mining generates, on average, around $3,226 in losses to miners: + +* Bitcoin Average Mining Costs: $20,095 +* BTC/USD: \~$16,869 + +And the mining net negative has been a reality for a few weeks in a row. + +When considering this quick accounting of around $3,226 of losses for each new BTC put into circulation and that every 10 minutes, 6.25 BTC are issued, we are talking about an estimated loss of $120,975/hour. + +Draw your own conclusions about this... + +This Wednesday (21st), another large mining company demonstrates the difficulties faced in the activity, as Core Scientific filed for Chapter 11 bankruptcy in the USA. + +It's not the first, not the second, and probably not the last. + +With each new event like this one, the bitcoin network tends towards centralization. It's scary to think that a network of over $300 billion USD in capitalization has a Nakamoto Coefficient (NC) equal to 2. With 2 entities being responsible for >52% of all hashrate produced. + +[https://pbs.twimg.com/media/FkgJqzKWQAIkY9c?format=jpg&name=large](https://pbs.twimg.com/media/FkgJqzKWQAIkY9c?format=jpg&name=large) + +This is just one more demonstration, among many others, of how flawed Bitcoin's economic and security model is. Or, as the advocates of the leading currency say: "this is just another FUD". + +We need to have an open mind to change our minds based on new learnings. + +Bitcoin was an excellent idea, which emerged during a major global economic crisis and brought a rare innovation to our monetary and technological system, but technology continued to evolve and the BTC experiment brought us previously unknown answers. + +I don't believe bitcoin is the best candidate to continue to bring the innovation we need to decentralized money. Currently, there are already coins that better fulfill some of the functions of bitcoin. + +I have my personal favorites, but I don't want this post to be seen as a "shill post", so I will keep this opinion to myself for now. + +DYOR! +Am I missing something? Did we all get stoned and wander out onto the launch pad? I find myself buckled up, tits jacked, ready for launch. Dip today, laughable. Marketplace launch soon, transformation to tech company incoming. Countdown to lift off...7,4,1...see you on the moon fellas, it's been an honor holding with you all. +I'm pretty new. I been studying on how to trade properly. After 3 attempts of $240 each, I blew my account. After the third time I'm starting feeling discouraged. + +Have anyone of you lost this much in a short amount of time? If so, what is your advice? + +I'm really starting to feel like no matter how hard I try to find a good strategy, I never will. +I am 3 months into live trading and I need some guidance. So I was shorting USDCHF yesterday and immediately after I short it, the pair started moving up. I wanted to leave the trade but I was already half way to my stop loss. I hold onto that trade and in the end it hit my stop loss. + +I am wondering if I should continue holding a trade I regret entering and hope for the best or should I leave immediately no matter what is the lost. + +Thank you in advance for helping me out. + + +Edit: +So far I see a lot of the advice are to tell me to just take the lost and learn from it. +BTW I do have a trading plan and so far it is doing well. Its just that I feel very remorseful and my gut feeling keep tell me to close the trade and leave but I guess I should not let my emotion take over me and I should just stick to it. + +Thank you guys a lot for the help + +I noticed that everytime my buy order goes out I’m automatically down 20 dollars for no apparent reason. I’m still a demo account so it’s no real worry but I would like to know if that’s normal. And idk if it helps but I use oanda + +Edit: to clarify I don’t use market execution and I know for a fact what price I place my trades in (I write it down) +Hi guys, I’m sure this has been asked before but I’ve been thinking of getting into forex trading for the last couple months but haven’t made a move yet. I have a full time 8-4 job as engineer and I’m looking to do some part time trading to make around 800-1000$ a month. Not sure if it’s possible. For the last few months I’ve been reading and watching videos about forex trading just trying to teach myself. I know I have a long way to go. But just was hoping to see if anyone could recommend a few books which would cover the basics and fundamentals with examples and situations. +Hello, today was my first day as a FTMO trader, and didn’t go as planned. Trading spx500 went short around noon, and it didn’t come back. Adding to positions to balance out the cost, ended up biting me. (I’ve found this is about 50/50) I ended up almost hitting my max daily loss and closed everything out. + +One thing I have noticed with these FTMO challenges though, is to at least try to get out before you reach the max daily loss. As long as you aren’t close to the max loss, you should get another day at least if you are able to get out before the daily drawdown is hit. + +So here I am, a fresh FTMO account sitting -490 (10k account) with another 500 to hit my max loss. Now my trader psychology is going off. I have to make this 500 back before I can even think about getting paid. The stress from how deep I should go in Bitcoin tonight in order to make it back on a Friday night. Also worrying about missing a few trades, and losing the FTMO account all together. Certainly, trading is one of the most stressful things to do. So, with all this said, are there any tips you guys could give me to get this account back in the positive? Not really strategies, but more psychology about how to handle a situation like this. +*[Compounding Defintion - Investopedia](http://www.investopedia.com/terms/c/compounding.asp)* + +---- + +After seeing this question **[here](http://www.reddit.com/r/Forex/comments/2l8xca/help_me_evaluate_an_offer_from_a_forex_prop/)** I thought it will be nice to make some things clearer for newbie traders. + +Basically the person who submitted the question was asking us the following: +> What do you think? Is $2300/month target from $10,000 capital realistic? I have no prior experience in forex so to me, 23% monthly return seems unachievable. + +The answer was quite simple: **NO**. It's easy to understand why if we use a little math. I am sure the majority of members know how to calculate the profits using a compound formula, but for the sake of helping others (especially beginners) I will post an explanation here. + +23% per month is huge (**ASTRONOMICAL!**). If a person would win consistently every month 23%, and would reinvest all the capital (thus increasing their position size) after: + +- 1 year will have 119.911$ (would be able to buy his first second hand luxury car and visit the South of France); + +- 2 years will have 1.437.880$ (thus making the first million); + +- 4 years will have 206.749.919$ (making him one of the first richest persons in the world); + +- 10 years will have 614.629.460.002.337$ (which is a number hard to imagine). + +If this person will be invest all his life, assuming he will do so for 50 years he will probably have more dollars than the atoms in our Universe (I am just saying, because I do not know the number of atoms in our Universe). + +The formula to determine those numbers is simple: + +> yourInitialCapital * (1 + 0,percentYouThinkYouWouldMake)^numberOfMonths + +For example if you have 10000$ as the initial capital, and you dream you can make 2% each month, after 5 years (60 months) the formula will become: + +10000 * (1+0,02)^60 = 10000 * 1,02^60 = 32810$ . + +Doing consistently 2% (for 5 years) is a dream for most us traders, who traded more than a few years. + +So let's say a super-exceptional portfolio manager would be able to make 10% **a year** (that's also quite optimistic), each year for 20 years. Your initial capital would be: 10000$. After 20 years, and after an over-optimistic assumption you can hope to gain (if you never cash out the profits) about 67275$. + +---- + +After googling on the internet I found a nice calculator that will allow to calculate your potential profits using this formula: [click here](http://www.forex21.com/forex-compounding-calculator/). + +---- + +**Conclusion: Don't fall in the trap of brokers and scammers who will promise you consistent wins each month by selling their signals or things like this. There is no easy way to make money in this world without some work and dedication.** + +**My recommendation to you would be to set optimistic but in the same time realistic goals. In reality, it's hard to make profit each month, some times you lose money. Forex trading is hard.** +I don't *think* there is an impending crash coming. But at the same time articles like this make things seem awfully frothy (in addition to all the other market crazyness). Shades of the runup to GFC. + +A selection from the article: + +&#x200B; + +>The house isn’t for sale, but that isn’t a problem for bargain-hunting real-estate speculators. They call Mr. Vukotich multiple times a week offering to buy it. They fill his mailbox with fliers teasing all-cash deals and quick closings. Mr. Vukotich guesses he has received more than 100 inquiries. + +.. + +>Investors often buy lists of homeowners from companies that scrape public data to find homes that fit their criteria. Mr. Schindehette said he found the elder Mr. Vukotich on three lists, including one of people who don’t live in the homes they own. +> +>he mails out between 5,000 and 20,000 of these cards each month to homeowners in 20 ZIP Codes. He got into the real-estate game after he attended a tutorial event. +> +>A successful response rate for his note cards would be 1%, Mr. Schindehette said +> +>A rule of thumb popularized by real-estate websites such as BiggerPockets maintains that investors should never offer to buy a house for more than 70% of the after-repair value, minus the cost of repairs. + +.. + +>Some buyers don’t put their own skin into the game. They negotiate to buy the property on behalf of another investor and never take ownership. They are paid for finding the property by taking the difference between the seller’s price and the buyer’s price. This tactic, known as wholesaling, doesn’t require capital to get started, so the barriers to entry are low. In some areas, wholesalers have been accused of cajoling poor homeowners into accepting lowball offers, prompting [state and local governments](https://www.inquirer.com/news/real-estate-wholesalers-flippers-regulation-realtors-philadelphia-law-20201119.html) to crack down on them. + +.. + +>As the pandemic wore on, local real-estate investors noticed that their ranks were swelling. That means more phone calls and mailers. For homeowners who do pick up the phone, it means more options. For investors, it can mean higher prices. +> +>“They’re sitting there with a stack of postcards, and they’re like: ‘If I don’t like what I hear from you, I’m going to the next guy,’” Mr. Bell said. + +[https://www.wsj.com/articles/wild-housing-market-made-his-modest-home-a-hot-property-11622885400?mod=hp\_featst\_pos5](https://www.wsj.com/articles/wild-housing-market-made-his-modest-home-a-hot-property-11622885400?mod=hp_featst_pos5) +Most of the money is acquired through entrepreneurship. How would you recommend finding and picking an accountant? I have a met a few local CPAs and most seem to be focused on tax prep for the average person. + +I'd like someone who understands people in my situation, beyond just filing the paperwork. Someone who can help me strategize tax minimization. Possibly also someone who is a lawyer so we have lawyer-client confidentiality. + +I also spoke to a partner from a mid-size accounting firm around the NYC area who was sophisticated and he quoted $650/hr. Is this the price range I should expect? Feels like a lot... + +Any tips for where to look to find the right person? + +Thanks!! +Basically reiterating what was said when they hiked rates last week. + +>OTTAWA - Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom borrowing costs is gradually fading away. + +>Poloz raised the benchmark rate last week for the fifth time in just over a year to 1.75 per cent - its highest level in about a decade. + +>He sent signals that future hikes could arrive sooner than previously expected, in large part due to the economy's resilience and the removal of some business uncertainty following the recent agreement on an updated North American trade pact. + +>Testifying before MPs on Tuesday in Ottawa, Poloz said many adults are used to the lower rates and are too young to remember the much-higher rates of the 1980s, when they climbed into the teens. + +>Poloz says the current rate is still too stimulative for the improved economy and he's reiterating his warning that it will rise to what the bank considers its neutral range of between 2.5 and 3.5 per cent. + +>He says the pace of future rate increases is still unknown, but he adds the bank will carefully analyze how well the hikes are absorbed - particularly for the many households that have piled on considerable debt in the low-rate environment + + + +https://www.bnnbloomberg.ca/canadians-should-get-used-to-idea-of-3-interest-rates-poloz-1.1160654 +And it makes perfect sense! + +Registering with ComputerShare triggers the MOASS. + +RC and DFV have been tweeting. Doctor T laid out the details but UNTIL NOW apes didn’t understand the importance of direct registration. + +In a way, it’s worked out even better as more apes have been able to clamber on board the rocket ship and brought more fuel with them. + +But whoever and wherever you are, Fairy Godmother, thankyou from the bottom of our hearts! +Hello, + +It's look like we are going to close tomorrow in red week. For the 5 weeks in a row. Last time this happened was back in 2018 from 22th October to 25th November. + +What this can mean? + +If this is really gonna happen and tomorrow is gonna be another bloody sunday, we can look what happened in the end of 2018. +After 5 red weeks back in 2018 there was 1 green week and another 2 red weeks. The second of them found the bottom - 3156$ wich was lowest price for that cycle. + +If history is going to repeat, it all can means, that bottom is really near and we will see rebound soon. + +But this only one way of look. + +The 2nd one is, we know shit about fuck and this thought doesn't mean anything at all. + +Pick one. +GNT is probably it for me, what others do you see as undervalued right now? + +* Edit: Forgot to mention FCT, but price has almost doubled since last week. +I’m a normal tech worker with a low spend and comfortable compensation (!~140K) and a relatively minimalist lifestyle. This year I broke through my FIRE # ($5M) far sooner than I had anticipated, purely due to a company liquidity event + luck with the market. For perspective, my NW was approximately $700K in 2019. + +I wasn’t ready for this, and as someone in their early 30s (but in a HCOL area), I plan to continue working for at least another 5-10 years. I live a simple lifestyle (I drive an Accord) don’t own any property (job is fully remote), and have no desire for luxuries at the moment. However, I absolutely love to travel, hike, etc. I want to see and explore as much of the world as possible while I’m on earth. + +I did 2 fairly strenuous but memorable hikes this summer in places with absolutely surreal beauty - and came to the realization that one day I will be physically incapable of those experiences, that one day certain activities, places, experiences will be physically inaccessible to me. Long flights are becoming increasingly unpleasant, and certain trails will be beyond my risk tolerance which drops with age. I acknowledge that at some point I will be incapable of certain activities that are within my reach today. + +For those of you that have fatFIRED, especially later in life, what are some places you recommend while young and able? Specific trails, national parks, anything that is potentially physically demanding. +Biotechs inhabit their own universe within the stock market. Prone to huge upward or downward swings dependent on positive or negative news flow. They are also in a unique position when earnings season comes around as clinical-stage biopharmas usually do not generate any revenue. + + +When these companies report the quarter’s financials, investors are mostly interested in two issues. One, does the company have the necessary funds to continue its pipeline’s development? And two, any updates regarding said pipeline’s progress. + + +Following Atossa Therapeutics Q2 earnings, Maxim’s Jason McCarthy thinks the company is well positioned on both fronts. + + +Where updates are concerned, the company said it has been given the green light by the Australian regulators to advance AT-H201 into a clinical study. The drug is indicated for the treatment of patients with COVID-19 and “long haul” respiratory illness – i.e., patients who continue to display pulmonary disease post-infection. + + +McCarthy also highlights the progress made during the quarter for oral endoxifen, the company’s breast cancer treatment to be administered between diagnosis and surgery. Results from the phase 2 study showed the therapy reduced tumor cell activity. McCarthy also thinks the data suggests the drug could “yield therapeutic value more rapidly” than tamoxifen, presently the standard of care (SOC) treatment for both early and advanced estrogen-receptor positive (ER+) breast cancer. + + +Additionally, the Swedish regulators have cleared the way for a phase 2 study assessing oral endoxifen’s potential to effectively reduce mammographic breast density (MBD), the elevation of which may get in the way of successfully detecting breast cancer. + + +And as far as funding goes, Atossa seems well setup. With $142.4 million of cash in the coffers, the 5-star analyst thinks Atossa’s strong balance sheet “positions the company to continue driving pipeline development, and potentially expanding into additional therapeutic areas.” + + +So, good news for Atossa, but what does it all mean for investors? McCarthy reiterated a Buy rating for the shares, while his $7 price target suggests the stock will be changing hands for ~124% premium a year from now. + + +Atossa appears to be going under the Street’s radar and currently there is only one other analyst assessing its prospects. The additional Buy provides the stock with a Moderate Buy consensus rating, while the $7.5 average target suggests shares will surge by 140% over the coming months. + + + +**Source** +https://www.tipranks.com/news/article/atossa-strong-balance-sheet-will-support-the-pipelines-advance-says-analyst/ +Update 05/25/2020 13:35 EST: Important Bug fix! + +Geodude8022 found a bug with the rent calculations. Some values were hardcoded for test and weren't changed back. This should be fixed now. Please re-download the calculator! + +Update 05/26/2020 04:13 EST: Updates to the Spreadsheet + +The link below was changed to point to the latest version which has some updates to include first year carrying costs and some formatting changes. Please re-download or copy to get the latest changes. + +\---------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +I'm getting ready to purchase a home again and started using the New York Times Rent Vs Buy calculator fairly frequently. I find that calculator to be quite useful. + +A few years ago I dug into the calculations used by the NY Times calculator, and created a spreadsheet that provides the same calculations. I have now cleaned that spreadsheet up, and posting it for others who may find it useful. + +[Rent Vs Buy Calculator](https://docs.google.com/spreadsheets/d/1XEas86QEB5xNc-a7xHxQI5h2WH8jDDO_EINj7z_LBNQ/edit?usp=sharing) (Remember to download the spreadsheet so you can change the input values for your situation). + +For those familiar with the online calculator, the spreadsheet version lets you put in rent values directly, instead of having the break-even rent displayed based on the housing costs. + +Maintenance costs has been split into Maintenance and Renovation costs. + +The online calculator has a hard-coded 15% capital gains rate - the spreadsheet version lets that be modified. + +Please provide feedback if you have any. + +Thanks +[The new iPhone app is here.](https://apps.apple.com/au/app/selfwealth-trade-shares/id1550865298) It's an entirely new app, so you will need to download it fresh. Both apps will work, we will phase out the old app when our members have been given enough time. + +Android users (I am one) will need to wait a bit longer, sorry. + +We're only announcing it here (rather than emailing every member) as we want a slow uptake in the first week. Email any feedback or bugs to [info@selfwealth.com.au](mailto:info@selfwealth.com.au). If you need account help, you will need to talk our support team via live chat during trading hours, emailing support help at [info@selfwealth.com.au](mailto:info@selfwealth.com.au) won't be answered, unfortunately. + +# What's new? + +* Improved interface +* Trade US stocks +* Transfer between your AUD and USD cash accounts +* Better graphs and stock pages +* See your daily portfolio performance without logging in + +# What's still coming? + +* More account settings/control +* A quasi stock screener +* Download stock reports +* Company announcements and news +* Landscape mode on watchlists + +[I've created an article of known issues](https://help.selfwealth.com.au/hc/en-au/articles/360057846251), we'll update this when they're fixed. Should be overnight, pending Apple approval. + +# FAQ + +**Are we working on faster payments into the platform?** Yes, we are. It’s not an overnight job due to our legacy systems and partnerships. + +**Are we going to add more US order types?** Yes, no time frames yet though. + +**Are we working on live pricing?** Yes, we’re planning on a beta for certain customers. + +**Will you implement a dark mode?** That's up to Josh. Hound him in the comments. + +**Will you offer options trading?** Yes, no, maybe. +I set myself a 2 year experiment, I’ve got a decent chunk invested in IOZ and IVV, playing the nice passive game. I had the though I think of lot of people get… should I, could I, beat the market if I buy some stocks? + +Well, I decided I can afford to try, why not give it a real shot? I read as many books as I could, followed all the podcasts I could, signed up for Morningstar, TIKR and Simplywall.st and kept reading until I understood what the abbreviations meant and if the data was worth anything. + +Then I started putting money into stocks I thought were undervalued. + +To be honest, I had a great time and learned a LOT, but, it became a second job, which I didn’t really see coming. + +My benchmark was first the ASX, then my super fund. + +The results, I picked about 6/10 winners vs losses, my thesis’s held up for both buys and sells. It felt great when I got a 50% profit, and terrible when things dipped by 50% (damn you PayPal, still holding). + +Did I beat the ASX? Yes, only just but yes (self celebration). Did I beat my super fund? No. Did I beat IVV? Not even close. + +TLDR; if I’d just kept investing in IOZ and IVV, I would’ve beaten my performance. + +When it makes sense over the next few years I’m going to sell out of my individual stocks and put the money into passive ETFs, I’m glad I tried. But I won’t miss all the work. + +I hope this is at least interesting for anyone thinking the same thing I did going into this. And good luck, whichever direction you try! +I set myself a 2 year experiment, I’ve got a decent chunk invested in IOZ and IVV, playing the nice passive game. I had the though I think of lot of people get… should I, could I, beat the market if I buy some stocks? + +Well, I decided I can afford to try, why not give it a real shot? I read as many books as I could, followed all the podcasts I could, signed up for Morningstar, TIKR and Simplywall.st and kept reading until I understood what the abbreviations meant and if the data was worth anything. + +Then I started putting money into stocks I thought were undervalued. + +To be honest, I had a great time and learned a LOT, but, it became a second job, which I didn’t really see coming. + +My benchmark was first the ASX, then my super fund. + +The results, I picked about 6/10 winners vs losses, my thesis’s held up for both buys and sells. It felt great when I got a 50% profit, and terrible when things dipped by 50% (damn you PayPal, still holding). + +Did I beat the ASX? Yes, only just but yes (self celebration). Did I beat my super fund? No. Did I beat IVV? Not even close. + +TLDR; if I’d just kept investing in IOZ and IVV, I would’ve beaten my performance. + +When it makes sense over the next few years I’m going to sell out of my individual stocks and put the money into passive ETFs, I’m glad I tried. But I won’t miss all the work. + +I hope this is at least interesting for anyone thinking the same thing I did going into this. And good luck, whichever direction you try! +I took a variable home loan with NAB about two years ago at 2.69%. + +With the recent RBA rate increase, I had a look at my account and saw that the interest now is now 2.94%. + +I sent an email to my contact at the bank with which I took the home loan initially. I asked what's up, noting that the rate they advertise on the website is 2.44%. They said well that's a rate for new customers only, but we'll reduce yours to 2.59%. + +The outcome? Just like that, my interest went down from 2.69% to 2.59%. Immediately after a rate hike. That was easy enough. + +fyi +This is a video that shows exactly how NOT to trade. A few days ago I got caught in a squeeze on NVTA, and for some reason that day I broke every single one of my rules: + +- Don’t trade earnings stocks +- don’t walk away during a trade (went to go take a poop) +- Don’t add to losers +- Cut small losses + +This was an expensive lesson, and it really taught me that you can never let your guard down in the markets. + +https://youtu.be/qBBQE8-QPy4 +For folks who shifted majority of their BTC to ETH, were motives based on things like the trade ratio, number of transactions, fees, dev goals, or more based on style, culture, appreciation of unicorn memes? Do you still hold any BTC, if so, what percent? Was the change in your ratio a "flip it all now" sort of thing, or more of a gradual, "meh, today I'll buy ETH rather than BTC" sort of experience? Anyone flip the opposite way, from ETH to BTC, on the short term based on market prices? +So my mom has pulled about 15k out of their joint accounts. This is a combination of scams she has become involved in. She isn't being completely honest with anyone but from what we have gathered the is one where it involves a girl "who needs to get home to her sick mother but her car died on the way there" and a "if you give us 10k, we'll give you a 100k grant." My mom has already sent the money orders so they're fucked. My dad is going to go to a different bank tomorrow and open his own account and is calling all investments to make sure my mom can't touch or do anything with his investments. He's changing all of his passwords just in case. What else can I advise him to do? I think he should pull all money out of their joint accounts but he's not sure he can. + +As for my mom, we've had several conversations with her about these scams but she's convinced she's made the right move. She's not going to learn so that's why I'm reaching out on getting my dad help. + +EDIT: I just wanted to say thank you all for your advice. Dad has started protecting what he can and is planning an intervention with my mom with my mom's siblings. The goal is to get her to seek help with a neurologist. Again, appreciate you all! +This frankly frustrates me to no end. This is proof that there is no regulation or “rule of law” to follow when it comes to our traditional financial system. + +NatWest, one the UK’s biggest banks was just fined $349M after assisting to launder over $483 Million with a single client. No jail time, no public apology, no court hearing and certainly no punishment as that is a drop in the ocean compared to their annual revenues. + +JP Morgan was also just fined $200M for illegally conducting official business via end to end encrypted apps thus evading audits and compliance. + +Now as an average citizen, how am I chased to report every single dime I make and forced to meticulously track my measly Crypto portfolio? Is this fair and right? How can I accept any form of Crypto regulation by the powers at be when they can’t even abide by their own laws? + +This is insane. +I know that there has been discussion of companies in the past, but I'm curious what people think of the Canadian renewable energy sector in the aftermath of the pandemic. I have made some money with Cenovus in the past few months and am looking to reinvest a portion of it elsewhere. + + +What companies have shown strong resiliency, especially given the possible cutback in available government support? + + +Companies I have on my watchlist: Brookfield Renewable, Transalta Renewable, Algonquin, Northland Power. +I bought this call at .90. It is currently sitting at $1.18. I do not think ICLN will reach $35 by April, but I do think it will continue to go up into the new year. At what point will the price of the call go below .90? 1 month till expire, 2 months till expire? + +Maybe there’s not an answer for this example, but in general when does the value of the call start to drop when nearing expire? +Is there something someone knows that I don’t. every other post on here hinting at some impending crash and it’s all doom and gloom. There’s no crash unless another 2008 like crash or 9/11 or something worse than COVID happens you guys need to relax seriously. You guys see a small dip and start to panic . It’s you guys on panic mode that could stir a negative reaction. +Ticker: MO +Price: $49.49 +Yield: 7.27% +Forward P/E: 10.18 +P/FCF: 10.97 +EV/EBIT: 9.08 + +Today, Morgan Stanley lowered its rating on Altria Group (NYSE:MO) to Underweight from Equal-weight on broad macroeconomic concerns. MO fell 8.37%. + +MO is a stock in the tobacco industry with a strong history of operating income and dividend growth since 1990. Is MO a bargain or a value trap? +I see a lot of index purchases and a lot of safe calls for companies like MSFT and AAPL but I don't see many people talking about ORC or NLY. Is there a reason besides fed rate hikes causing equity volatility? I just feel like the DRIP is so high on these it's hard to not invest heavily. + +CSCO gives 3.26% +ABBV gives 3.86% +PAA gives 6.47% +NLY gives 12.61% +ORC gives 26.71% + +Just seems like a no brainer. What am I missing? +This projects claim to be Ethereum killers when ethereum is open source and the eth foundation is open to different evolution proposals for ethereum 2.0. If researchers really care about the technology they collaborate, but when players decide to go independent and compete then you can see their true colors (they care little about the technology and are more interested in making money out of greedy and novice speculators), don't be that fool and invest where value is being created. Eventually money returns to where value is. + +If the biggest anti-irresponsible-fiat-money-printing organization has 30 times more people (like eth) than the next organization trying to do the same thing and you go do research alone like an ostrich with its head in the ground then you really don't care about it. + +Never forget, Charles HoskinBS (cardano and etc) was fired from the eth foundation because he is a douche that cares more about his wallet than the technology, he even attacked eth's consensus to allow a black hat hacker to steal millions out of the ecosystem. Barry Shillbert manipulates ETC prices with poloniex's help, IOTA wallet doesn't work and they lied about alliances, they are even afraid of being open source and as if math research didn't exist they did faulty in-house cryptography, NEO is antshares pump and dump and has less than 20 nodes (ultra centralized). And so on... "the ethereum of china" "the ethereum of japan" haha give me a break... how about the ethereum of the world (we have internet today ya'know). + + +EDIT: orthography. + + +Disclamer: I hold BTC, BCH, ETH, OMG (looking to diversify into Monero, LTC and maybe a few more). Sold all my ETC asap :) + + +Howdy apes. After reading so many popcorn DDs that unearthed many BCG’s shady shitty past activities around the world, curiosity got the better of me…. I decided to see if BCG had been active in the Malaysian scene. Also, fuck these guys for messing with my fav stonk >:O 🖕 + +Also.... spoilers. Flair marked as NSFW because I cuss a lot. I fucking hate corruption. + +My research skills aren’t as amazing as many of the DD writers here cause I’m quite retarded, I almost got by in my undergraduate days, and I wear a tin-foil hat. Oh yeah, this ain’t academic homework: I also get my sources from Wikipedia, and my analysis is shallow. + +Anyway.... have you heard of the **1MDB scandal**? + +This is such a fucked up scandal that brought humongous global cock shame to Malaysians. If you haven’t heard of this one, let me shorten this epic story: basically, former corrupt motherfucker PM Najib Razak set up a fund, 1MDB, which was meant to help develop Malaysia and lift the poor of out poverty…. But the fucker, his witch-looking wife (don’t believe me, google her), his family, his cronies, had been stealing BILLIONS of dollars from Malaysians. The DOJ even called the 1MDB scandal ‘Kleptocracy at its worst’ ([https://www.reuters.com/article/us-malaysia-scandal-doj-idUSKBN1DZ0MX](https://www.reuters.com/article/us-malaysia-scandal-doj-idUSKBN1DZ0MX)). Trivia - 1MDB also has links to the Wolf of Wall Street ([https://www.theguardian.com/world/2019/jul/05/1mdb-wolf-of-wall-street-producer-charged-with-embezzling-millions](https://www.theguardian.com/world/2019/jul/05/1mdb-wolf-of-wall-street-producer-charged-with-embezzling-millions)). + +So how does BCG come into the picture? + +Check this shit out from Financial Review ([https://www.afr.com/world/asia/goldman-in-focus-as-scandal-plagues-malaysias-1mdb-and-najib-razak-20150722-gihv14](https://www.afr.com/world/asia/goldman-in-focus-as-scandal-plagues-malaysias-1mdb-and-najib-razak-20150722-gihv14)): + +>“The 1MDB story begins in 2008. In December of that year, Terengganu, a sultanate located across the Malay Peninsula from Kuala Lumpur, got federal government approval to set up its sovereign wealth fund, the TIA. Goldman Sachs and **Boston Consulting Group** advised the TIA in its early days.“ + +Another trivia - Guess who was TIA’s special advisor? Jho Low. The fat fuck fugitive who helped Najib Razak set up 1MDB. ([https://en.wikipedia.org/wiki/1Malaysia\_Development\_Berhad#History](https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad#History)) + +BCG appeared again later - indirectly to 1MDB. In 2016, it was reported that Falcon Private bank helped laundered nearly USD700 million to Najib Razak’s Malaysian AMBank. In 2017, Martin Keller (former Credit Suisse manager) became boss, and guess who he engaged to revitalize the bank? BCG. + +[https://www.reuters.com/article/us-falcon-swiss-banks-idUSKCN229281](https://www.reuters.com/article/us-falcon-swiss-banks-idUSKCN229281) + +This is what Reuters reported: + +>“He was succeeded in 2017 by Martin Keller, also a former Credit Suisse manager. With the help of the strategy consultant **Boston Consulting Group**, Keller tried again to rivitalise the bank’s business, but also fought strong headwinds. +> +>As key employees and customers left the bank, Falcon bled billions of assets under management, which now likely stand in the low- to mid-single digit billions of Swiss francs. The outflows also caused a drop in earnings. +> +>In 2019 it became apparent that implementing the new strategy was no longer realistic, two of the insiders said. “FINMA has given the bank three years to realign the business,” one of the sources said. “Apparently, it wasn’t happy with what was achieved.” FINMA in October gave Falcon until the end of April, a deadline about to expire, one source said. +> +>A separate probe by Singapore authorities over Falcon’s involvement in the 1MDB scandal resulted in the wealth manager’s being stripped of its local banking licence.” + +So far, I just scratched the surface. Anyone else knows of BCG's shady involvements in Malaysia? +I understand everyone will have different paths due to trading different strategies, but I am still curious to how long it took you. + +For context I made the switch to trading full time roughly six months ago. I went in with high expectations of being profitable every month, which was a mistake. I am an options trader with a few years experience. + +Looking forward to your responses and happy trading! +[Original post here](https://www.reddit.com/r/AusFinance/comments/k0zlhz/did_i_just_get_scammed/) + +tldr of the original: We "Won" a "Prize" of a free brunch and a $200 gift card, but to get it we had to pay $20, which they would give back to us at the brunch, and also sit through a presentation about an investment opportunity. Red flags everywhere, but decided to go through with it. + +Now for the update; (bit of a long one sorry so a tldr at the bottom) we showed up with absolutely zero intentions of investing in anything or giving these people any of our money. Walked in the doors, handed the receptionist our invitation and she gave us our $20 back right there and then. So that was good. Then out came this crusty old man being overly nice and friendly, chatting to the kids (we have 3 kids), telling us we look far too young to have 3 kids already, etc, etc. + +They ushered us through to the kids area. It was a pretty decent set up with Wii's, colouring, movies, loads of toys and some snacks and juice already out for them. The kids were not going to have any part of the presentation at all, they would be staying in the kids room with a full time "sitter" who we were able to meet and speak to for a while before we left the kids. We were only 10 meters away in the next room and the kids could ask to come to us whenever they wanted and vice versa. + +We then went to the presentation room. Basically five small tables, one for each of the lucky prize winners, each with a spread of food on it. Some cheese, crackers, various sandwiches, fresh fruit, biscuits, juice, water, tea, coffee, etc. Nothing fancy. We sat down and (unexpectedly) the crusty old man sat opposite us and he got to business. + +He asked how many houses we own, how much equity we have in it and how much money our house currently earns us. Obviously it earns us nothing, but then he told us that if we had an investment property we could earn a heap of money. (WOW!) He explained the very basics of property investment; you buy an extra house, rent it out and make money (duh!). Turns out this whole thing wasn't anything to do with timeshares, they just straight up wanted to sell us whatever property this Aniko group build. He spoke about how it will be nearly impossible for our children to be able to afford a home of their own, so we need to help them out by buying investment properties now. He also said that superannuation is useless, shares are useless and property is the way to go if we ever intend on retiring. We just nodded along and let him run through his script. After 5-10 mins he stood and left us to have our food. + +I scoped out the rest of the room and there were 4 other couples there. All of them still seated with their salesperson getting there little intro that we just sat through. We must have done the best job of showing our disinterest as all the other salespeople were still chatting away happily. + +Soon after, when all the salespeople had finished, the presentation began. Some bloke who had apparently worked in radio and media for over 40 years (never heard of him) took the floor next to the big projector screen and off he went. + +It was very rudimentary stuff, going on about retirement, how much one needs to comfortably retire, how much mortgages and kids cost, etc. Just real basic stuff saying how hard life is to get ahead. + +I saw straight through his BS, he was saying that people need $95,000 per year to comfortably retire, which is very high. He was using BS stats such as saying the average rate of return on super is 3% so it's useless. The share market went way down earlier this year so people lost a ton of money therefore it's useless. Having cash in the bank gets you nothing at the moment so it's useless (well that part was accurate). BUT investing in property is a gold mine! You just use the equity in your current home, buy an investment property here on the Gold Coast and, at worst, your tenant and the taxman picks up 90-95% of the bill but usually you make a heap of income every week! He used very basic figures like - borrow $400,000 for an investment property, this will cost you $300 per week and you charge your tenants $400. Bang! $100 a week for the rest of your life. With that $5,200 per year, put it onto your original mortgage, build up more equity and do it all over again until you have 3 investment properties. Never mind the stamp duty, tax, maintenance fees, rates, insurance, etc, etc. Just make all that money! + +He also went on about the cost of living and retirement and other super basic finance things. He got plenty wrong in my opinion and I'm sure he saw it on my face. + +Also, I spent about a quarter of his presentation on my phone looking at reddit. I only stopped because the missus thought it was rude. + +He finished by showing two short videos; one was a news story from late last year on Channel 7 about how this Aniko group have started construction or received money for construction or something. Then the second was basically a tourism ad for the Gold Coast. + +The whole presentation went for maybe 35-40 mins. Much quicker than I was expecting. And so far they hadn't really pushed anything on us at all. Just trying to plant seeds I guess. + +Once it was over crusty old man quickly sat down in front of us again with some paper in his hand. "Ah" I thought, "Now here comes the sell". But really all he did was just quickly rehash what old mate said in the presentation. We let him go for maybe 10 mins, all the while I was doing my best to show I was really not interested; lots of sighing, looking around the room, checking my phone, etc. I really wanted to just cut him off and say, 'sorry mate, not interested at all. Can I have my gift cards now?' But I didn't want to be an asshole. + +Eventually I did cut him off and say that our current plan is to upgrade to a bigger house as ours is no longer big enough for our family, so an investment property is a good decade away. We have other investments that are doing well and we're happy with how we're tracking. He reiterated for the 16th time that he just wishes he done it when he was younger like we are now and that he didn't start until he was 52. But now he has 2 investment properties and makes a ton of money out of them. + +We stood, said goodbye and made our way to the kids room. + +The kids were happily playing and had been having a good time. + +We went back out to the reception area, signed for our two $100 gift cards, said goodbye and walked out of there a little over an hour after we walked in! + +The missus and I both agreed that it wasn't that bad and was totally worth it for the $200, but that the food was pretty rubbish. + +Overall I didn't think it was much of a "hard sell" at all. They simply talked about super basic stuff for a while and almost never even mentioned their brand name - Aniko. The only time I heard it was around the news story video. All they really spoke to us about it how great property investment is and how hard life is if you don't have a few IP's to your name. + +BUT + +I'm sure if we had shown any interest it would've been a different story and they would've been talking themselves up and trying to sell us one of their units or houses or whatever. On my way out I did see a salesperson with another couple and they had an official looking form in front of them with names and numbers all over it half filled out. I hope they didn't get roped into anything. + +Going to bed now and will try to answer any questions tomorrow. + +tldr; Sat down for about an hour and listened to old people talk about property, finance and retirement while eating mediocre food. Left with my $20 cash refund and my $200 gift cards. +Hopefully this isn't in violation of rule 1, but I'm curious to see how many of you did time the market with your typical all-world index funds. + +I noticed that the world tracker I regularly invest in is now showing a 1 year return of nearly 40% which is definitely an above average return compared to most passive investing strategies. + +So, did any of you decide to buy the dip successfully? +Hi I currently have £20k saved up which is currently sitting in premium bonds. I often win about £25 a month but would like to invest in the market to (hopefully) get better returns. I know I can set up a S&S ISA which has a yearly limit of £20k so I was planning to just move the full amount at the start of the next tax year. I am happy to invest the money away long term and won’t need to touch it for 5+ years. + +I have never invested before but I work for an asset management company where I get reduced fees and no entry/exit fees if I invest with them but I think I would have to choose which funds to invest in whereas I was hoping to not have to manage it myself and invest in more of a diversified package? + +Should I invest with the company I work for or are there other recommendations? + +Just looking for any advice really as I am a complete beginner! + +Thank you! +We are moving our savings into a LS100 linked to S&S ISA. Is it best to dump the whole lot in one go or spread it out over the year to safeguard against a drop in the market? + +New to all of this so any help would be greatly appreciated! + +Thanks +I know they are attractive, due to lower management cost, and potentially lower risk, but even so. Does no-one season their portfolio with a few individual stocks, based on a knowledge of a particular market area, or confidence in a particular company, or just a simple hunch? It does seem to me to take some of the fun out of investing, which is boring enough to begin with. And individual stocks have no management fees at all, which (if they pay good dividends, or rise in value) makes them quite attractive. Interested to know whether anyone else has a little punt on single companies, from time to time. +With the rise of electric vehicles, the combustion engine may become a thing of the past. This process is only catalysed by the UK’s ambitious target to only sell electric cars by 2030. Only yesterday, Jaguar said all their cars sold by 2025 will be electric. These long term changes along with the lockdowns and the public’s ever evolving work habits has crippled last year’s revenue for oil giants like BP and Shell. + +Nevertheless, I, and many experts far more knowledgeable then I, believe that in the early half of the decade for oil will make a comeback. It’s an industry that’s been badly effected by the lockdowns but with Brent Crude having held at $60 a barrel suggests that when the lockdowns are eased the share price will bounce with revenue. + +In the medium long term, even if the government’s ambitious target is reached, and the huge necessary infrastructure put it place, it doesn’t mean the millions of combustion engines on the streets are going to just disappear. Yes in 2030 the demand for oil will start to diminish but it’s likely the rest of the developing world will still be exponentially using the combustion engine for a while. + + +(BP at 283, highest while in lockdown was 362. Before lockdown 480) +Hi + +I believe this is an investing question. + +We have begun looking at mortgages, specifically between interest only and repayment. + +I understand the basics of the difference however would interest only not be better in the sense that on the property we are looking at for a 30 year mortgage requiring a mortgage of around £270,000 the interest only coming out as £459 per month and the repayment mortgage being £968 per month a difference of £509. + +Now if I went for the interest only mortgage after the 30 years is up I would have to pay back the outstanding balance on the mortgage which I understand but if I invested that £509 a month into a s&s isa for example over the 30 years even being really conservative assuming I only received 3% annualised returns that would give me about £297k meaning I’d make £27k profit in theory. + +And if it averaged 5% annualised returns I’d get a more impressive £425k giving me £155k profit after paying back the £270k on the loan at the end. + +So why don’t people do this instead? Or am I confused with how it all works? + +Thanks for your help! +Hi all, + +I have been buying some silver bars, so I was wondering if I could avoid paying CGT if I use those silver bars to buy gold coins (which are exempt from CGT if they are legal tender in the UK). + +Imagine I buy 10k GBP worth of silver bars, and then silver price goes up and now those bars are worth 30k GBP. Instead of simply selling those silver bars, I use them to purchase gold coins (some dealers let you buy gold using silver and vice versa). Then I hold those gold coins until those 30k GBP worth of gold coins is converted to 40k GBP, and then I decide to sell them for GBP. + +Should I pay CGT when I convert silver to gold? Or when I finally sell the gold for GBP? Or am I exempt to pay CGT at all? + +Thanks to the community in advance! +In light of RedArb's successful [post](https://www.reddit.com/r/algotrading/comments/c53nud/professional_trader_looking_to_team_up/) a few days ago, I'm another professional trader looking for someone to collaborate with. + +Me: +- Supported myself full-time trading US equities and options for the past 5 years. +- 45% CAGR, about $500,000 in profits over that time. [Proof.](https://imgur.com/a/pvhd0LU) +- Experienced programmer (.NET web/mobile developer for ~10 years) +- Master's degree in Artificial Intelligence +- Finance buff. If it's a book on trading I've probably read it. +- 100% automated C#/MySQL system running on a VPS, connected to Interactive Brokers API. + +You: +- Successful trader. AKA, net money pulled out of market. Show me your account curve. +- Quant leanings, although I'd be interested to try to quantify profitable discretionary strats. +- Some familiarity with programming / data analysis. +- Familiarity with options preferred. + + +That's about it. I'm not really looking for ML experts that are financial newbs. If you want to download daily OHLCV data and throw it into a neural net and go sit on a beach, I wish you the best. + + +I'm sure people make money in crypto but I'm not really interested in that right now. + + +PM me! I'd love to hear from you. +TL;DR: + +I’m a solo programmer in NYC with decent trading knowledge but lacking in math skills, willing to work full time on trading systems without salary. How can I start to work with other people either in a business context or otherwise, that would be beneficial for all involved? + +Edit: By "willing to work without salary" I just mean my first preference would be either work for equity or some sort of "I trade my programming skills for your math skills but we keep our business interests separate" type arrangement, though I'd also be open to other options. I didn't mean it as "I'll work for free until I prove myself". My goal is to be able to work on programming the trading stuff I enjoy working on and make a living from it, whether it's by actual alpha generation or something else + +\*\*\* + +I’m a programmer who has always been interested in trading and markets and have always dabbled in side projects in that area. + +The holy grail for me has always been developing profitable automated trading strategies. I’m not particularly good at stats or finance math, but I have decent knowledge of the mechanics of trading and market microstructure and I consider myself a solid programmer. + +I do all my programming in Clojure, a not particularly popular language, but I know it well and love it, and it’s worth it for me to work in it despite the disadvantages of it being a small language. There are not as many robust trading/finance/stats libraries readily available so sometimes I have to spend a few days implementing something that would be available to use instantly in python for instance, and my solution is perhaps not as battle tested and robust. But I end up with an intimate knowledge of the inner workings, and in my opinion often a more general solution that is better able to leverage clojure’s core library and existing general purpose libraries than many other more closed backtesting systems. I have tried these systems before (quantopian, ta4j), but I simply yearn for clojure while using them. This is a flaw of mine, I know, but it is what it is and I accept it. + +Another potential flaw of mine that I’m more interested in fixing is that it feels much more natural to me to develop trading backtesting and analysis systems and tools than it does to do the actually analysis myself. + +I’ve now decided to focus 100% on finding profitable trading strategies and ultimately implementing them on live (though I’m extremely conservative with putting real money on the line). + +My problem is I get somewhat overwhelmed with all there is that I need to learn and need to implement to get to the point of being confident in a strategy and implementing it. I’m at a point where I am happy with the ability of my code to express arbitrary strategies and run them against historical data. But I really need work when it comes to statistically evaluating them, especially when it comes to things like confidence intervals and avoiding overfitting. + +To an extent I’ve been trying to learn about these things, but the process has been slow. I’d rather be coding and improving other areas of my analysis software. + +I feel very time constrained. There’s plenty to do when it comes to just developing backtesting infrastructure and tools, but there’s also clearly endless time that could be spent finding and testing new strategies, and then there’s also endless things i need to learn. + +I get the feeling that there would be mutually beneficial relationships that could exist out there. I’d be happy to code all day on this stuff without getting paid. I have capital available when it comes time to deploy it. There have to be people out there with complementary skills right? People that are more into finance math than they are programming? People that I can ask questions of all day about what math is needed to give me confidence in strategies. People that can request GUI tools and widgets that I can make them. How do I find you? + +How do I structure a mutually beneficial relationship? I’m not afraid to share my code for free. In theory it’d be cool to have a small group of people sharing code and ideas for free but working closely together all day in like a chat where ideas can be shared privately? But I wouldn’t want to do this if it would add even more mental overhead in terms of daily work. + +I think the ideal thing for me would be to work full time for equity in some sort of trading firm. How unrealistic is this? Again I have some capital potentially to invest, and am a programmer willing to work for free. I also live in NYC, obviously a major trading hub. Part of me feels like this should be easy, but I don’t know really where to start. I’ve dabbled in Cofounderslab.com but it doesn’t really seem like that’s going to lead anywhere fruitful. + +The initial release of my small backtesting library is here: + +[https://github.com/jjttjj/trateg](https://github.com/jjttjj/trateg) + +And I have a few other small trading related projects on my github + +[https://github.com/jjttjj](https://github.com/jjttjj) +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 +A few years ago my neighbor fell behind on both her mortgage and her association dues. The HOA put a lien on her property. (I saw this listing show up on the Sheriff auction sites a few times but it kept getting pushed back.) Eventually she moved out. I think she just abandoned the place. + +The HOA reportedly foreclosed and took possession of the house. Another family moved in last year and has been renting the house directly from the association. + +This morning I got a notice that the house is now in foreclosure from the bank and is going to be auctioned off next month. + +I'm not getting involved, but what happens in this case? I'm just curious how this works. + +EDIT: First, I'm in New Jersey. Second, regarding the house's equity, from what I can tell she bought the property at the height of the housing boom in the 2000s for about $350k. Maybe $360k. After the crash the properties around here tanked, bottoming out in the low 200s. Only in the past couple years have they recovered. Zillow has the house at $342k right now, which seems a little high, but other houses in the neighborhood have sold in the low 300s. The Sheriff's website is listing the house for $269k, which I'm guessing is what they still owe on the house. The HOA lien is probably still in place. That's another $8k if memory serves. +https://www.reuters.com/article/us-health-coronavirus-japan/boj-reassurance-on-coronavirus-bolsters-speculation-of-global-policy-action-idUSKBN20P018 + +Expect coordinated easing policies from central banks over the next few weeks. +Hey all, + +This is a privileged position I know but I am hoping some people here have been in the same situation before and can give their story. + +I've been offered a position in London with a basic salary of £100k and a bonus on top of £20k this is a substantial amount of money as my current salary is only £65k. Currently I am working fully remote in a small city in the South of the UK and unfortunately this job requires me to be on site. Here comes the logistical nightmare. + +Having just bought a house I am super happy *but* my salary isn't going anywhere fast down here and should I do well in the job I can expect a salary of £200k up to £400k in a more specialist team (according to Mr headhunter), so there is a big opportunity should I change roles. + +After renting a small flat on the outskirts of London I am looking at a 50 minute commute each way (YUCK) and I would "only" be left £1k a month better off, as I fully intend to keep this home I've just purchased. + +My current thoughts are that I could purchase a tiny pied a terre and spend my weekends at home as it would only be an hour drive back and forth to a little commuter flat. + +There are so many personal things to consider but I won't add those here as this is a finance based sub so please do feel free to offer any similar stories or experiences. + +It's obviously easiest to sit put have a great life and be happy on my wage and earn a little more each year but I see the big numbers I never thought I'd earn and like to do it just to say I did. +I have been working for one of these four. I think , as an individual trader, there is no way that I could go solo and compete against these established players. + +As an individual trader, without all the coloation and volume-based-fee-decution, it is impossible to trade any microstructure-derived signals for exchange-traded-products. If we trade longer term alpha, such as momentum or reversion, the Sharpe will be very low and it is hard to run as a sustainable business without outside capital. + +The only exception I can think of is crypto, where slow transaction introduce some sort of 'speed bump' similar to IEX. That , to some extent, make the game fair. But I have never traded crypto so I don't know if there is a catch + +I am really keen to hear some thoughts regarding trading as a one-man or 2-men shop. How could it become possible? +I'm a salaried individual who has just started investing few years back. I like to invest in various areas (FD/PPF / MF/ Gold, etc.). Lately I find that it is getting hard for me to keep track of my investments (FDs in different banks, MF in kuvera, zerodha, gold in coins and digital gold). + +I want to know how to get a consolidated view of my investments. Some things which came close: + +\- Kuvera: Can show my money invested in MFs and gold, but not bank FDs + +\- ICICI my money: Shows my expenses categorically, bank fds, but not MFs, didn't check for gold. + +Does anyone knows of any app that does this and/or share their way of managing their investments? + +Also, new to this subreddit, if this question isn't appropriate for this subreddit, kindly suggest a proper one. + +thanks +Does it make any sense to open and deposit in a PPF account in January, so close to the end of the financial year ? + +Also, is it better to invest in PPF as a lump sum vs a monthly deposit of 12.5k to meet the 1.5 lakh limit to save taxes and use as a viable risk free investment. +I recently read the libertarian-style argument of environmentalism and private property and am wondering if this makes any sense. + +They claim that externalities from market activity is caused by government. + +An example would be dumping pollution in rivers. If the river is privately owned, wouldn’t the owner complain about the pollution, they argue, rather than needing the regulation? + +This argument gets more extreme when it comes to carbon taxes and air pollution, because they would then be implying private ownership of the air. +I define GDP as all products & services produced in a country for a year, so I hope I'm correct so far anyway. + +Now to the point that I don't understand (I'm going to use Sweden for clarity, just because that's where I live). How can a service (or hell even a product) that is produced in Sweden, by a swede, and then sold *to* a swede, make Sweden richer? If money is exchanged from one swede to another, how can that equal economic growth of Sweden in relation to other countries? + +Let's take my friendly neighbor Norway as an another example. If Norway exports some of their oil to another country then it makes absolute sense to me that they now have *more money*, which would equal higher GDP and ecoomic growth. + +Anyone can help me understand this? Cheers + +EDIT: I realize my view is a gross simplification, but my economics teacher couldnt answer it so lol +So I know rent control lowers the supply of rental units, raising prices for non-rent controlled units and make it harder to find apartments available for newcomers or people relocating in the city, but are there any variations of it that are able to have to social effect of increased housing stability and decreased displacement, while mitigating some of the negative effects on rental supply? + +If there aren’t any, then are there any alternative solutions to promoting rental stability/reducing displacement while also promoting increases in the rental supply? +Everyone is hiring. The only response I hear is people don't want to work. + +It is more than that. It has to be. + +Can someone explain it like I am 5, but economically? +A very common premis in international economics is that every state has a comparative advantage in some aproximately equal areas of economy in contrast to the rest of the world. Why? Do we know everyone has advatages? If a country has little to no advantages, why would it join international markets for anything it can produce, if it would lose those jobs in free trade and there is no obvious areas of comparative advantage to consentrate on? +EDIT: Thanks for all the responses I was confused I am less now. + +This got rejected from ELI5 and automod told me to post here. + +Here's how I understand a wage increase and why it seems good from what I learned in an ECON 100 class: + +Wages go up and businesses have to lay people off. The people who don't get laid off have more money from the wage increase, therefore, they can buy more. When they start buying more, there becomes a need for more people working to keep up with increased demands, and since the wage went up there is more spending and businesses can now hire more people at that same upped wage. The people who get hired after the wage increase now have more money and spend, therefore increasing the need for employees. Since more employees are needed because of the extra spending (giving the businesses more money), they can hire more to keep up with demands. The cycle repeats until or whatever city/town/district hits economic "full employment". + +Can someone please explain why a wage increase is bad, I cannot think of a downside in the long term. In the short term, sure it seems bad but after that, it should improve in the long run. +I’ve been seeing [articles](https://www.google.com/amp/s/amp.theguardian.com/world/2020/may/09/coronavirus-jobs-unemployment-kurzarbeit-us-europe) saying that unemployment is now as bad as the “Great” Depression. + +If this is true where are the breadlines, the protests, the angry and unemployed.? + +Is it true that unemployment is as bad as the great depression? + +On a similar notes, what’re the odds things will get *much, much* worse by Fall of this year? + +Supposedly in October the airlines are gonna lay off most of their employees and unemployment payments are (i think?) expected to run out by the end of summer.. + +All that being said the stock market seems to be improving and today I’ve heard more passenger jets than any time in the last 3 months. +Recently was reading [this](https://www.theatlantic.com/ideas/archive/2021/06/blackrock-ruining-us-housing-market/619224/) Atlantic article and was interested in the whether this framing is correct. The article is attempting to rebut a general discourse that investment firms are directly buying up single family houses (SFHs), where the investment firm BlackRock, has become a sort of case study. There seem to be claims that it is directly purchasing, holding as assets, and renting out, SFHs. From what I could [find](https://www.blackrock.com/corporate/literature/annual-report/blackrock-2020-annual-report.pdf) this doesn't seem to be the case, rather it is holding an [8% stake](https://fintel.io/so/us/invh/blackrock) in Invitation Homes (INVH). Am I mixing up companies? Or is it the case that all this huff is just about BlackRock buying shares of a SFH rental management co.? +On the worldnews subreddit in a [post](https://www.reddit.com/r/worldnews/comments/7b7clr/apple_the_worlds_most_profitable_firm_has_a/) about apple dodging taxes, someone posted this image (and got gilded for it) + +https://i.imgur.com/DPqx2tI.png + +Is this evidence of a completely corrupt government? Should it be the other way around as reddit claims? Or is this business as usual? +I'm seeing news stories that Finland has elected to end its trial Universal Basic Income program. + +The program gave fixed payments to unemployed with no defined time limit, compared to Finnish existing unemployment benefits which have time limits and expire upon being re-hired. + +The program was intended as a trial, and I'm seeing that it's discontinued, using words like 'failed', but not seeing any particular reason. Are there any articles that actually have measurable results, or statistics of outcomes? + +[When you buy and hold GameStop, you become somewhat of an astronaut yourself 🐱‍🚀](https://preview.redd.it/8ezm4ry9ozp81.jpg?width=1600&format=pjpg&auto=webp&s=e4a8f5f9ab15259ed50791e9305c92fc610438e7) + +Hi folks, Tendie Baron here. + +The current GameStop All Time High is at $483 on close. Here's why I believe GameStop will make new All Time Highs soon: + +# Fundamentals + +* Growing net sales +20% Year over Year, to 6 billion dollars, up from 5 billion dollars, +* Hiring all-star team for management and board as they attracted talents from several big firms (e.g. Amazon, Google, Chewy), +* No debt! +* 1 billion dollars in cash, +* Expansion of warehouses across USA for faster delivery (sometimes even on the same day!), +* Massive shift from 'primarily brick-and-mortar' to a 'multichannel e-commerce' approach, +* Attracting talents in the crypto/NFT space, +* Launching a NFT marketplace with partners ImmutableX and Loopring, tapping into the fastest growing market segment globally (currently $40B+ market), +* Insiders such as Ryan Cohen and Larry Cheng have been buying more shares, showing confidence in the companies growth while also signaling they believe the company is currently undervalued + +&#x200B; + +# Technicals: + +* Just in the last week price action showed a violent bounce upwards from its 52 week low +* This bounce has put 83K calls In The Money (IIRC), these will have to be hedged before or on Tuesday 3/29 +* Borrow fee rate has been climbing to rates only seen just before the January sneeze (rate varies per broker, but all of them report substantial increases) +* Shares are becoming increasingly scarce as 8.9M shares are directly registered which is about 25% of the publicly available float (shares outstanding minus insiders and minus ETFs = about 36M shares) +* Bid-ask spread has been widening all year, it used to be a few cents, now it varies from 0.10 to 1.50 spread. About a 1% spread is substantial as it creates more slippage and volatility. + +&#x200B; + +# Concludingly: + +Public sentiment is turning in GameStop's favor as more investors catch wind of both its fundamental potential, its technical potential and the combination of these factors which gives GameStop its unique squeeze potential. + +TL;DR: BUY. HOLD. SHARE THE NEWS. MOON SOON.🧡 + +&#x200B; + +*Did you like this content, and do you want to see more of my content? You can choose to follow me on Twitter or here on Reddit. Feel free to check out my profile.* +Generally I’m not a fan of market timing and have a pretty conservative investing approach (basket of ETFs) BUT I just got a large windfall (10s of millions) made from a decade of work and investing it all at once with the market at an all time high seems dangerous, even in a diversified portfolio across asset classes. + +How would you think of investing it? Get into the market over 6 months? A year? Longer? + +A different strategy? +https://www.wsj.com/articles/earnings-news-hits-japan-korean-stocks-1517537873 + +Not a full on correction yet, but things are looking rocky for the short term. +I was just gazing at the VIX chart. I'm still getting decent premiums but I'm having to look increasingly hard for opportunities, and I won't be trading some of my favorites next month because I think the risk/reward just isn't favorable enough. + +Preparing for the future, low vega means structures incorporating diagonals/calendars, right? What are some of your favorite strategies? +People often ask about the 'half your age as a % of salary into pension', and I've been curious myself, so I've run some numbers. Take someone who: + +* Aged 22, after graduation, joins a grad scheme on £25k. +* Gets promoted off the grad scheme after 4 years. +* Gets some sort of professional qualification age 30, giving a salary bump. +* Switches company aged 35, 40 and 45, getting a promotion/significant payrise each time. + +The following shows results using half their age as % of salary contribution, starting at ages 22, 26, 30, 35, 40 and 50. + +https://i.imgur.com/YThHCsh.png + +Notes: + +- Numbers are real return (i.e. after inflation), so represent £ value today. + +- 1k payrise after inflation each year except in the aforementioned situations of professional qualification/promotion/change job + +- At the bottom you'll see 'total paid into pension' (self-explanatory I think?) and 'Ratio of final/contributions' which is the final value of the pension divided by total payments in + +- Regardless of when they start paying in between ages 22-40, the result ends up quite similar (within ~10%), but of course the later they start, the more they've had to contribute themselves + +- I didn't tweak any of these numbers to get the results to prove any particular result + +- If you lower investment performance (to 1%, say), then paying in at higher age gives a higher final pension value, which makes sense since they pay in the most overall and there isn't much compound interest. + +- Conversely, increasing investment performance (to 10%, say), the earlier they start paying in, the higher the final pension value. + + + +Obviously this a career path that is probably not indicative for many one way or the other. It's more to show the correlation of the 'rule' than it is about the actual salaries, so let's not get hung up on that. I can tweak numbers and update if people want. +Lads, + +What investment mistake do you often look back on? + +Looking to see if people have learned from their mistakes, I for one certainly have. Thankfully it wasn't a huge loss. I've dabbled in penny stocks and sadly have only taken losses on them (haven't sold yet!) + + My Currently loss about 100$, although I don't plan to sell until it goes back up (hopefully 🤣) I also don't plan to continue to buy penny stocks. SPO and EWS are my two biggest regrets. + + +What's your biggest investing regret or mistake to date that you wish you could do over! + +Let me know! :) + +Cheers 🍻 +Other subs are coming here now. 1000 new people today. Mods, petition to increase karma requirements ? + +It’s clear that the god tier DD has proved itself And the thesis has become validated With all the turmoil and crypto crashing etc. etc. +There can be a wave of new people as well as bots and massive fud campaigns. + +It’s already hard to find the gold with all the shit posts if you’re browsing new. I can see the newcomers getting exhausted just with this. If we have a karma requirement It will clean the new posts. Please consider this mods. It’s the reason WSB went to shit + +Another suggestion is to pin a post with all the god tier DD in parts based on complexity. Start start with the everything short and build towards more complex topics or even some crazy shit like the chaos theory dd +With Celsius now firmly embattled in Chapter 11 proceedings, they are burning a huge amount of cash on the legal proceedings. + +Their legal counsel Kirkland & Ellis just presented a bill for $2.5 Million, for just 18 days work. + +&#x200B; + +[This sums up to around $140,000 per day or $5800 per hour!](https://preview.redd.it/k5tuhmzrl5u91.jpg?width=1179&format=pjpg&auto=webp&s=4ecb3277f4f4b5349e2e145fdd06f2fd52ad55de) + +A list of all the per hour basis invoices of various attorneys is in this file (see page 9 onwards): [https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910152280000000012.pdf](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910152280000000012.pdf) + +And that is just one law firm. + +Another law firm **Akin Gump Strauss Hauer & Feld LLP** has billed them close to $750k for 45 days worth work. (source: [https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910152280000000013.pdf](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910152280000000013.pdf)) + +These apart, there are additional fees paid to more counsels like White & Case, independent investigation teams, blockchain analysts etc. + +At present, Celsius is burning through a deficit of $1.5m PER DAY! + +Since they are in bankruptcy, all of this comes from user's funds that are now part of the bankruptcy estate. Given current expenses, they could burn as much as $500m in a year, if the proceedings continue. Most high profile bankruptcies can run into expenses of 9 if not 10 figs. And the Celsius one has a long way to go yet, and given the number of clawbacks that are possible, it could run into years. + +Together with various cryptos losing their value due to the bear market, it could represent a significant portion of the total bankruptcy estate lost in operational fees and legal fees. + +Celsius already had a $2bn hole in their balance sheet, which is only going to get worse with these lawyers cleaning out as much as they can. Bankruptcy proceedings are extremely expensive affairs, and the losers are the Celsius users who have funds tied up in this. +Hi All, + +First time posting here - and I need some advice. My wife signed up for a terrible investment back in 2006 through Olympia Trust. It's for "Walton GGH SIMCOE HEIGHTS 4 CORP" + +I can't find much about this investment other than there's been lawsuits around Walton... and that Olympia Trust is terrible to deal with. I would strongly advise anyone to avoid both Walton and Olympia. + +Anyways, she was told this investment would pay out in 5-7 years when she first got it. Here we are 16 years later. She is told she cannot sell the investment. We keep having to pay annual admin fees which we're told "cannot be put against the investment". + +I'd like to submit a formal complaint to some kind of governing body. Any ideas who/where I would do this? + +Thanks +If you had to have Canadian exposure through 5 stocks, which ones make the cut? For me: + +SHOP - Canada’s tech darling. Hyper growth story, positioned well to benefit from growing trend in e-commerce. + +ENB - For energy exposure, give me the pipes. Nice dividend, their services are often over subscribed and prices are locked in often years in advance. Spectra energy acquisition looks like a nice growth opportunity as well. + +TD - Need a bank, TD is my favourite. Like the US exposure and think they’re very well run. + +BAM.A - What doesn’t Brookfield do? Core holding in any Canadian portfolio. Gives you international exposure in a Canadian company and has a rockstar management team with proven track record. + +BCE - My telco pick, nice yield. I liked the MTS acquisition in Manitoba to grow their presence. Until the government breaks up the cartel, give me some exposure to this oligopoly. + +What are your picks? + + +A way I've chosen to save money is by keeping the same phone. I bought my Samsung S9 in 2018 and resolved that I would aim to keep it for at least 10 years. When the plan finished 2 years ago I switched to Aldi prepaid at $25 a month which was a good $50 discount from what I'd been paying per month with Optus (including my payments for the handset). + +I'm not sure this phone will actually last 10 years because a quick Google search says that smartphones aren't really built to last that long. + +So, if any of you are aiming to maximise the years you can get out of your phones, how long have you had them for? And what good deals are you guys getting once the handset is paid off? + I'm 33 and recently moved to Perth from NZ. Straight out of high school I started working b2b sales and did that forever. + +Made decent bank but I'm completely super over it. I'm now in a position where I could go to uni for the next few years, I was thinking bcom with accounting and start a new career as an accountant of some type. + +Whats the outlook for an old new graduate in the field? Is this a bad idea? Would I be laughed out of the room going to uni now or when looking to enter the field after graduation? + +Alternatively, are there better pathways into the profession? + +The accountants I've dealt with all seem like cool people, they have comparatively low stress jobs and seemingly great work life balance. My time in sales was like being in a pressure cooker 24/7 so I'm looking for something more chill I can do for the foreseeable future so I'm not targeting the big 4 or going in with wall street ambitions; pretty much the opposite. + +I'm also open to studying something else, I'm not 100% locked into accounting. + +Thanks for any input! +Full article here + + +https://www.news.com.au/finance/economy/australian-economy/robodebt-refunds-governments-721-million-payday-to-welfare-recipients/news-story/a6293263d5227d13844686bcf469b166 + +And link to services announcement + +https://www.servicesaustralia.gov.au/individuals/news/changes-income-compliance-program + +Good news for people struggling atm. Hopefully it’s a painless experience +So, yesterday I was sitting around the house, thinking about my favorite stonk, and the metaverse, and it struck me square in my pink starfish. A realization that I've since been trying to wrap my head around the sheer scope of ever since, and my glassy gray matter is really struggling with it. GameStop is about to create and enable something much larger than just their marketplace: GameStop is about to create an entire cluster of economies. I'm not sure if this sub has really come to this realization, but I think this is why we're seeing so much talent flocking to GameStop - they've been shown the potential. Allow me to attempt an explanation of one such potential economy, and how it might connet to the others- I'll use an IP most of us are familiar with: Pokemon. + +# Rarity & Demand + +This is the first pillar of my realization. GameStop allows an IP like Pokemon to bring the stakes of their game to all new levels by allowing creators to, well, create rarity. Remember the craze of collecting Pokemon cards, and how now some of them are worth thousands of dollars? Well, that's because of rarity, and your chances of pulling a 1st edition Charizard being pretty fucking slim due to the number of physical cards in existence. Now, NFT's allow devs and creators to implement that same rarity to their game worlds too - they cryptographically ensure the uniqueness of an item. So, GameStop's marketpace could allow, say, The Pokemon Company to populate their next game with NFT pokemon. There could be an entire population's worth of NFT's minted for next to nothing thanks to Loopring. Pokemon in the game world could have the same rarity in game as the cards would have. Say there's millions of Magikarps in play, and a few thousand Gyrados. Can you imagine finding literally the only existing Mew in the world? Players want to win, and Collectors want to collect - this is going to create demand for the strongest, and rarest Pokemon in the game. Allowing players to buy/sell their collectible and limited Pokemon for use in a game world is going to create an entire economy, JUST WITHIN THE POKEMON UNIVERSE. Powerful Pokemon will become very valuable, and the Pokemon Company, and GameStop, would see proceeds from each of those transactions, whatever their value might be. Players might determine that having the only Mew in existence is worth $10, or it's worth $100,000. Can you imagine quitting your job to literally catch/train/sell Pokemon? + +# E-Sports + +Thanks to things like rarity, this can really increase the stakes of a game not only for the players, but also spectators. If the chances of you finding a Zapados or an Articuno in the wild are slim, wouldn't you want to hang out in the metaverse to watch the best Pokemon trainers battle it out with the one's they've found and trained? Suddenly seeing rare and unique Pokemon battling is an actual spectacle - you can't just pull them out of thin air anymore. People might actually want to go to watch tournaments, which creates a Pokemon league, with fans and collectors cheering on their favorite trainers, and maybe even bidding for their champion Pokemon. The Pikachu who won the very first Pokemon trainers championship? Well, someone might really want that NFT, and pay accordingly. Maybe it's worth $500,000. Maybe it's worth even more than that. Some of the most expensive 1st edition Charizard physical cards are priced at nearly $800,000CAD on Ebay. Do they have verifiable history attached to them? Can you see the stats and outcomes of every battle they've been in? Can you watch replays of the best players in the world battling with them? Can you literally interactively fight with them in-game? **Do they do anything other than just sit there and be a "stupid worthless" card?** Maybe that in-game champion Pikachu is worth a lot more to someone. Maybe having some skin in the game makes these digital assets much more valuable. Keep in mind: A portion of all these transactions are going directly to the creator of the NFTs, and to GameStop. + +# Avatars & Game World + +This is where we sort of combine the Pokemon IP with the rest of the metaverse's potential. Let's imagine that this Pokemon game allows us to bring our metaverse avatar into their game world. This allows for all sorts of opportunities with things like clothing companies, and the entire realm of streetwear. Let's step into this economy for just a moment: + +Let's say that the folks who run the clothing/stuff brand *Supreme* decide "Oh hey, let's make a limited run of NFT hoodies that come with our physical hoodies. We don't want to deal with gas fees, or learning crypto, so we're going to mint everything with GameStop" - well, people are going to buy them, because they want the exclusivity. There are only so many physical hoodies for sale, and there are only so many NFT's to go with them. Having an avatar wearing certain brands of clothes can become a status symbol, because the demand for *Supreme* NFT hoodies is nuts, and supply is limited. Having a cool avatar starts to become much more meaningful to players, because they can start to bring their favorite clothing into their games with them, along with knowing they might be the only ones who can have it. (Just want to quickly point out that people will buy Fortnite skins for like $10, knowing that thousands of other people have it) More and more clothing companies will see the value in creating NFT versions of their products because not only does it let them advertise their brand to a huge audience, but this becomes an entirely new revenue stream for them. You know how much money is made in the reseller market for streetwear? Well, now they are guaranteed a bite of those sales. So is GameStop. + +Someone might really want to have the jacket the 1st Pokemon champion was wearing when they won to display in their metaverse apartment. They might pay a lot more money for it than it was originally worth, because it is unique and can be traced back to an event that's important to them. A company might take notice of that, and want to sponsor trainers, so they could not only get the advertising exposure, but also a piece of those elevated profits when their NFT's are sold at a premium. The potential is huge. This can further be built upon with things like decorating (or even building) your ingame or metaverse home with art from your favorite artists. I hear that people like buying NFT art, or something. + +# Summary... ish + +This is just a small fraction of the scale and potential that the NFT marketplace brings to the table. By allowing creators to manufacture supply/demand within game worlds, economies for these worlds are born, and give the contents of those worlds tangible value to players and collectors alike. These economies will create entirely new revenue streams for multiple sectors, and GameStop is at the center of all of them. Creators can turn their IP's into their own economies now. Can you imagine, an entire economy for even a fraction of the games you've played and loved? What about for collectibles? NFT comic books? If the current "de-facto" NFT marketplace is worth $10B for mostly selling jpegs to speculators and has extremely with high fees, what do we think GameStop's organic value could be worth given what we know about their marketplace offering? GameStop may have laid the framework for entire economies to be born. I have never felt so fucking bullish about my investment. I think I'm going to throw up from how dizzying the scale becomes. + +Also, shorts never closed. So there's that too. + +All this potential **and** we're DRSing the float? They are so fucked. + +&#x200B; + +**tl;dr - I think GameStop's NFT marketplace is going to create multiple economies. At least one for every game that utilizes NFT's, and that's barely the start.** +As title says, how many times did you “wipe out” your account before you became consistently profitable? I put wipe out in quotes because I don’t mean like you went bankrupt and lost your family as collateral or something lol, I mean just how many times you lost your trading capital. + +I ask this because I took a fat L yesterday so I wanna hear some of your stories to cheer me up while I work on not being a dumbass + +Edit: Some missed a key point in my post, so I want to clarify, I did not blow up my full account, I blew up 0.05% (not even a full 1%) of my account, this is what I consider my “trading capital” as I use this for practice till I get enough experience to size up, rest is locked away. I am full aware that you shouldn’t go all in or that you should set stop-losses, I just happen to make a really dumb FOMO decision after a day of overtrading and sleep depravation so I wanted to hear some of your dumb mistakes in the past + +anyway conclusion: fomo while sleep deprived after 10 straight hrs of trading nonstop is BAD lol +I've been thinking a lot about hitting my target date, and what's next? I've realize that an extra year of sacrificing my time, or even an extra 6 months can add a ton of "extra" funds that I could use a lump sum or add to my monthly/yearly withdrawals. + + +For example if I could earn an extra $100K, I could use this as a lump sum to help my mom pay off her house/credit cards, or I could add it to my withdrawals and have an extra $333 monthly to help my mom/grandma's monthly bills. + + +Does anyone plan on doing this, doing the "extra time now", or already have done this? + + +It just seems for me giving another year of my life, I can do so much to help others and the satisfaction will out weigh the extra life energy spent. + + +If you have done this, did you use the money as a lump sum at once, or add it to your yearly amounts to help on a monthly/annual basis? + + +My mom didn't prepare well for her retirement, and she is mainly living off of SS and my late father's pension. I feel obligated to help her by spending more time on the job, since she did so much for me growing up. Anyone else have a similar feeling/situation? + + +Thanks! +Here are my stats: +26 years old. +401k - 90k, HSA - 10k, IRA - 30k, Brokerage - 70k, Emergency fund - 13k (building up to 20k) + +I save a lot of money, but I haven't really had a short term goal until recently. For about a year, I've been contemplating purchasing a home. I'm looking at about 50k for a down payment. Assuming the market remains strong within the next few weeks, I'll liquidate most of my brokerage account to get this money + extra for closing fees. + +But here's the thing - that money gives me security. It's nice to know that it's there if I need it. Even though by the numbers I believe I'm prepared to purchase a home, it's still a scary prospect. It also feels like I'm taking a huge hit to my FIRE goals, even though the money will still exist, just in a different form. + +Has anyone else experienced this? +ess of inheriting a hefty trust fund (the amount is highlighted in the headline, I just feel “funny” typing out that amount multiple times). + +I’m guessing it would be helpful to include a bit of context about myself, my lifestyle, and my long-term financial goals. I’m in my late twenties and live a rather spartan lifestyle. I rent a modest apartment, I don’t own a car, I don’t eat out, and I don’t travel more than once or twice a year. I work as a unionized janitor and have no interest in seeking a more lucrative, specialized career; I live quite comfortably on a salary of about $29,000 a year (this is “luxury” for me). + +As far as long-term goals are concerned, I would love to move to a cabin outside of my high COL city within the next twenty years and continue to live a comfortable-yet-modest lifestyle (I have no children and don’t see myself having children, however I’m not ruling anything out at this point in my life). + +I will continue to work for the foreseeable future and am going to keep quiet about my good fortune, but just to be perfectly clear, I do want to get to a point where I live entirely off of the dividends of my trust (while reinvesting as much as possible) at some point. + +As far as the specifics of my trust are concerned, I can’t be particularly helpful at this point because I’m not (yet) financially literate, and frankly, I don’t have a crystal clear understanding of the specifics, however I’m very committed to educating myself. The trust is worth approximately $2.5 million (largely derived from stocks and bonds). I’m also inheriting a small house which will allow me to move out of my rather expensive apartment. + +So I understand that the details I’ve given are extremely vague, but I’m just looking for advice and input about my lifestyle and long-term financial goals. I am a very solitary person who spends the majority of my free time hiking and reading; I don’t need much (although I’m sure my life will become slightly more complicated now) and I don’t have a big circle (I’m hoping to avoid a “long-lost cousin knocking at the door” scenario by staying quiet). Are these goals at least within the realm of reason? + +I’m definitely going to be speaking with a credible wealth manager (I want to avoid a sales-y “financial planner” who works on commission), but other than that, I don’t have a definitive plan, which is why I’m not making any big moves. + +Any input and advice is most welcome. Thank you for your time. +https://www.cnbc.com/2019/04/11/jeff-bezos-challenges-other-retailers-to-match-amazon-pay-and-benefits.html + +Jeff Bezos issues a challenge to competitors to match Amazon’s pay and benefits. + +“Do it! Better yet, go to $16 and throw the gauntlet back at us,” Bezos says in his annual letter to shareholders. + +Walmart and Target have both been making investments in pay, but they’re still behind Amazon. +And these days we are seeing stunning advances in artificial intelligence, robotics and biotech - could we see a similar boom from say the late 2020’s to the late 2040’s. With the Nasdaq down 30%, I just loaded up on QQQ for the long haul, as I believe there is a major technological paradigm shift approaching in the next few decades. +**About me** + +Hi! I’m a 26F CPA living in Toronto, Canada. I wanted to post this to show the non IT people in this sub that don’t make 100k+ right out of school that it’s possible to increase net worth quickly even without those things. I’ve always been a saver but I discovered MMM in December 2015 (when I was 24). The realization I could retire at 35 really lit a fire under my ass to save even more and actually invest it. I was working through my CPA at a big 4 accounting firm at the time and hated every second of it. To be honest, accounting is boring and a ‘meh’ career at best, but the money is good so I will most likely stay on this path until I feel FI enough, if not actual FIRE. + +I live in the downtown core of the most if not second most expensive city in Canada, sharing a two bedroom condo apartment with my SO. I have no expensive hobbies other than travel and lead a pretty ‘boring’ life. I’m slowly getting healthier and into exercising but those things are harder for me than saving money. + +The privilege – My parents paid for 3 out of my 4 years of university. That’s about 36k that I got for free which will never have to be repaid (I asked). That one year and for the 2 years I lived on campus I paid for myself through part time jobs before and during university. I also went back to live with my parents for one year rent free during my 5 years of working, which was a nice boost to my net worth during that time. + +Here are the numbers! + +**The goals** + +My spending goal in retirement for one person is $20,000-$30,000 per year (as part of a $40,000-$60,000 spend household). I expect my SO to pay their own way on this FIRE journey. The dream at the moment looks like one year on one year off long term slow travel, most likely for 5ish years of travel. On the off years, we could work, volunteer, whatever. These FIRE plans are not that defined because who knows what I’ll feel like in 5-10 years. + +All else being equal (is it ever?) I expect to achieve the following net worth milestone at the following ages: + +|Annual Spend (individual)|$20,000.00||$25,000.00||$30,000.00|| +|:-|:-|:-|:-|:-|:-|:-| +|FI @ 4&#37;|$500,000.00|29|$625,000.00|30|$750,000.00|33| +|FI @ 3.5&#37;|$571,428.57|30|$714,285.71|31|$857,142.86|34| +|FI @ 3.25&#37;|$615,384.62|30|$769,230.77|32|$923,076.92|35| +|FI @ 3&#37;|$666,666.67|31|$833,333.33|32|$1,000,000.00|35| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. + +My flair is based on the first goal - $500k for 20k of spending at 4&#37;. Is that going to be the number I FIRE at? Probably not, given the expectation of a low growth environment in the near future and my young age at the expected time. But it’s a number that I would feel comfortable about enough to shift into something more chill. It’s possible and even likely that I’ll experience the golden handcuffs phenom and stay for a while past that though to feather the nest and add security. + +Future plan/goals – I have no interest in having children, which enables my fast FIRE journey and long term travel plans. I am also lukewarm towards real estate because of the very high property prices in Toronto as compared to rents, and my distaste at paying maintenance fees on condos .AKA if I buy; it has to be a freehold house, which makes homeownership an even more expensive proposition. While Canada is great, it’s also possible that I will be OK with living somewhere else with single payer health care long term (I hate winter), so that’s another reason buying is not high on the priority list. + +**Income history and Net Worth** + +I started my career at a big 4 accounting firm making 45k, then 50k the next year, then 60k the next. These are standard salaries for this job in my city – Toronto. During this time I was renting a place downtown with a roommate or SO. + +After leaving the firm my first job out was at 75k, and I moved to live with my parents for that year. Getting rid of rent was amazing for my net worth. Then I moved to a more interesting job that I thought I would love for 80k and started paying rent again. Now I’m still paying rent, but making 95k somewhere else. + +I do have access to a side hustle that I started participating in around 2016. It’s very CPA specific and involves helping incoming CPAs get feedback for their practice exams in preparation for the qualification exams we have to write in this profession. I think I made <$2000 the first year I did it, but it grew steadily and I made $13,000 last year from this. + +My net worth started at -$10,000 on the day I graduated university in the summer of 2013. That debt was owed to my parents for a lavish long trip I took that summer which I repaid in my first year of working. No regrets. After I started working and saving, it began steadily going up. My records are spotty in the beginning, since I was just saving to save. + +|Jul/2014|$10,000.00| +|:-|:-| +|Sep/2014|$16,108.48| +|Nov/2014|$21,146.27| +|Jan/2015|$26,275.45| +|Mar/2015|$30,587.78| +|Jun/2015|$41,766.89| +|Sep/2015|$48,129.09| +|Dec/2015|$54,127.60| +|Mar/2016|$66,790.00| +|Jun/2016|$82,387.42| +|Sep/2016|$93,851.37| + +I reached the 100k milestone sometime in November 2016 at 24 years old, 3 years and 2 months after my first day of work. + +|Dec/2016|$108,566.61| +|:-|:-| +|Mar/2017|$124,818.16| +|Jun/2017|$137,332.79| +|Sep/2017|$159,339.43| +|Dec/2017|$184,239.82| +|Mar/2018|$196,280.12| +|Apr/2018|$204,157.49| + +I reached the 200k milestone sometime in April 2018 at 26 years old, 1 year and 5 months after 100k (4 years, 7 months after my first day of work). It definitely gets faster (especially if you have year of not paying rent!). + +All else equal and barring a downturn, I hope to achieve the 300k milestone around winter 2019. Depending on the side hustle this year and with my increased income, here’s hoping for Dec 2018 instead of March 2019. + +**Monthly expenses** + +For a millennial living in a huge high COL city, I don’t spend a lot of money. This has enabled me to save a ton of money even on my medium salaries. + +Currently, this is how much I spend + +Rent: $1,100 (my half of a $2,200 apartment) + +Electricity: $25 (my half, goes up and down slightly with the weather) + +Internet: $25 (my half) + +Phone: has been free for the last year because of my job. I suspect with the new job I’ll need to pay around $40. + +Transportation: $0-$120 depending on the weather. I walk to work in the summer and take transit in the winter (-25C is not good walking weather). + +Groceries and household: $120-$200 depending on my laziness really. + +Eating out and entertainment: $100-$150 depending on my laziness, inversely correlated with groceries. There will be a social event once a month or so with friends. + +Monthly total: $1,370-$1,660. That works out to $16,440 to $19,920 annually without accounting for extras like vacation. This year that will add about $3,000 to the budget. + +**Investments** + +My tax advantaged accounts are maxed out and self-managed through a DIY brokerage. My taxable contributions are split evenly between the same self-managed DIY brokerage and a robo advisor for shits and giggles. The robo advisor is winning at the moment, because I view my DIY brokerage holdings as a whole unit so my taxable account gets the brunt of the bonds (low rate environment). + +The DIY Portfolio is as follows: + +Cash: 0&#37; + +Bonds: 13&#37; (preference is 10&#37;), ZAG mostly. I’m meh about this allocation. + +REITs: 4&#37; (preference is 5&#37;), VRE mostly. Also meh about this allocation. + +Canadian dividend stocks: 7&#37; (preference is 2&#37;, my investing strategy used to be dividend based so this is a remaining position from then), CDZ. + +Canadian Market: 3&#37; (preference is 2&#37;),VCN + +US Market – hedged to CAD: 22&#37; (preference is 24&#37;),VUS/VSP + +US Market – unhedged: 22&#37; (preference is 24&#37;), VUN/VTI(n USD) + +International (both developed and developing) – unhedged: 30&#37; (preference is 33&#37;) XEF+XEC/VXUS(in USD) + +My robo advisor has split my investments as follows: + +Bonds: $20&#37; + +Low carbon global stocks: 27&#37; + +Canadian stocks: 23&#37; + +Global stocks: 15&#37; + +Cleantech stocks: 15&#37; + +I’d love any advice on my allocations. I rebalance when I invest so it’s a bit slow. + +Is there anything else you want to know? + +If this post is well received and the community feels it’s useful, I’ll make another one when I get to $300k. + +Edit: my title was too long :( it's supposed to say 'at 26' at the end. Live and learn i guess. +Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated. + +Reflecting statements that multiple officials have made over the past several weeks, the meeting summary pointed to small rate hikes are coming. Markets widely expect the rate-setting Federal Open Market Committee to step down to a 0.5 percentage point increase in December, following four straight 0.75 percentage point hikes. + +Though hinting that smaller moves were ahead, officials said they still see little signs of inflation abating. However, some committee members expressed concern about risks to the financial system should the Fed continue to press forward at the same aggressive pace. + +“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” the minutes stated. “The uncertain lags and magnitudes associated with the effects of monetary policy actions on economic activity and inflation were among the reasons cited regarding why such an assessment was important.“ + +The minutes noted that the smaller hikes would give policymakers a chance to evaluate the impact of the succession of rate hikes. + +The summary noted that a few members indicated that “slowing the pace of increase could reduce the risk of instability in the financial system.” Others said they’d like to wait to ease up on the pace. Officials said they see the balance of risks on the economy now skewed to the downside. + +Markets had been looking for clues about not only what the next rate hike might look like but also for how far policymakers think they’ll have to go next year to make satisfactory progress against inflation. + +Officials at the meeting said it was just as important for the public to focus more on how far the Fed will go with rates “and the evolution of the policy stance thereafter, had become more important considerations for achieving the Committee’s goals than the pace of further increases in the target range.“ + +In recent days, officials have spoken largely in unison about the need to keep up the inflation fight, while also indicating they can pull back on the level of rate hikes. That means a strong likelihood of a 0.5 percentage point increase in December, but still an uncertain course after that. + +Markets expect a few more rate hikes in 2023, taking the funds rate to around 5%, and then possibly some reductions before year end. + +The post-meeting statement from the rate-setting Federal Open Market Committee added a sentence that markets interpreted as a signal that the Fed will be doing smaller increases ahead. That sentence read, “In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.“ + +Investors saw it as a nod to a reduced intensity of hikes following four straight 0.75 percentage point increases that took the Fed’s benchmark borrowing overnight borrowing rate to a range of 3.75-4%, the highest in 14 years. + +Several Fed officials have said in recent days that they anticipate a likely half-point move in December. + +“They’re getting to a point where they don’t have to move so quickly. That’s helpful since they don’t know exactly how much tightening they’re going to have to do,” said Bill English, a former Fed official now with the Yale School of Management. “They emphasize policy works with lags, so it’s helpful to be able to go a little bit more slowly.“ + +Inflation data lately has been showing some encouraging signs while remaining well above the central bank’s 2% official target. + +The consumer price index in October was up 7.7% from a year ago, the lowest reading since January. However, a measure the Fed follows more closely, the personal consumption expenditures price index excluding food and energy, showed a 5.1% annual rise in September, up 0.2 percentage points from August and the highest reading since March. + +Those reports came out after the November Fed meeting. Several officials said they viewed the reports positively but will need to see more before they consider easing up on policy tightening. + +The Fed has been the target lately of some criticism that it could be tightening too much. The worry is that policymakers are too focused on backward-looking data and missing signs that inflation is ebbing and growth is slowing. + +However, English expects the Fed officials to keep their collective foot on the break until there are clearer signals that prices are falling. He added that the Fed is willing to risk a slowing economy as it pursues its goal. + +“They have risks in both directions if doing too little and doing too much. They’ve been fairly clear that they view the risks of inflation getting out of the box and the need to do a really big tightening as the biggest risk,” he said “It’s a hard time to be Jay Powell.” + +&#x200B; + +Source: [https://www.cnbc.com/2022/11/23/fed-minutes-november-2022.html](https://www.cnbc.com/2022/11/23/fed-minutes-november-2022.html) +Hey guys unfortunately money that was promised to me is not coming and I’m freaking out a little as I’m about 1800-2200 less that I budgeted for and my contract on my house runs out on the 7th of August. I’ve had to max out both my student and current account overdrafts just to eat and pay my current rent. I can’t go to my parents because they are the ones who are ignoring my calls and emails + +I recently on the 7th of July became full time employed for the gap in summer between university years however I don’t get paid anything I’ve earned until the 27 of August. I went to my university for help as they have a hardship fund for times like this but as it’s summer and roll over no student is enrolled currently and you have to be enrolled to qualify. + +I need a new house and to do that I have to pay a deposit and first months rent which will end up being around 600-1000. My credit I think is shit, I can extend my overdraft online and applying for a credit card is terrifying as I don’t know anything about it and both my parents are in heaps of debt because of them but someone at a bank suggested it. I have an appointment with my bank on Saturday and I have no idea what to ask for even. I have requested my job pay me earlier for the hours that have already been confirmed but they will not help. I just feel stuck and like I’m being passed around like a problem. + +Also why are landlords so anal about housing benifits? One of the people I’m moving in with is seriously ill and is off work because of it as her doctor requested she did however we are constantly barred at the door by most letting agencies because of it. How the fuck is it less reliable than student finance she has a guarantor that’s a property owner. + +If anyone could offer advice on what the fuck I could do please help, I’m from an abusive family and don’t really have anywhere to go, the three of us just want to find a place to live for the next year of uni + +Edit: so someone contacted me by dms saying they are from the poverty alleviation program asking me to give him info like what bank am I from when did I make the account what limits are on the accounts and my age, name, sex address ect then got mad at me for being suspicious guessing someone tried to scam me after reading this post? I don’t even know what to say +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) +Seriously, think about it. Take medicinal marijuana last year. Or llithium this year. It's big news for a while. Stonks go up and up for months. Khunts get FOMO. Jump on board. A few might make a profit, yeah. But then price tanks. It's basically a Ponzi scheme, and we're all supporting it. +Two months ago, some ignorant bastard Doge coin-believer asked the question [“Carbon Revolution on sale?”](https://www.reddit.com/r/ASX_Bets/comments/lv09u7/carbon_revolution_on_sale/). Well that was when it was at 2.24… now it is at 1.20 and <250m MC, right in Dumbfuck Discussion territory. So, that answered that question. + +***Or did it?*** + +Well, yes it did. But, I have been following it ever since and doing my research. The chicken entrails I have poked around at with a stick portend that there may be good fortune for those asx\_bets commandos ready to jump at the opportunity to catch a knife (being thrown at your face). Steel yourselves once more to go over the top into no mans land and see what the remorseless market has in store for you... or hide in your ditch like a sniveling coward… your choice. + +**What is this CBR all about and why would I buy it?** + +Do your own fucking research you lazy pric…. Oh right, sorry, I am posting this to tell you. + +Well, CBR is not a lithium company. No. It is not even a mining company... BNPL you ask? Nope, not that either. It is something a bit special. [Carbon Revolution](https://www.carbonrev.com/) is a global technology company and tier one OEM supplier, which has successfully innovated, commercialised and industrialised the supply of lightweight carbon fibre wheels to the global automotive industry. Fancy. + +In simple terms: + +* The manufacture fully carbon fiber wheels. +* They hold patents for this technology. +* They have an operational plant at Geelong producing said wheels. +* They have customer agreements in place and say they have more in the works. + +CBR say their carbon fiber wheels are the shit for the EV transition, and I am inclined to agree because they are light. Supposedly there are also performance and aerodynamic benefits, but light for sure. Lighter also means the wheels can be bigger. This is all great for car companies who want their EVs to travel further and have wheels specifically suited to their manufacturing and car styles. In theory, there are also other carbon fiber components they could expand into in the future, but wheels are pretty good for now (they are important for cars). + +The essentials elements to CBR being successful are: + +* Lower the cost to manufacture their fancy wheels. +* Increase their capacity to manufacture more fancy wheels. +* Sign-up more customer agreements aligned to the growth of EVs in 2022, 2023 and beyond + +CBR’s management say they have got this nailed because they have announced the [MEGALINE investment](https://investors.carbonrev.com/DownloadFile.axd?file=/Report/ComNews/20210423/02366326.pdf), which is: + +*"Carbon Revolution’s Mega-lines represent industrialised and fully automated advanced manufacturing cells which are expected to deliver high volumes with dramatically reduced labour inputs. A full Mega-line is expected to have 150,000 wheels per year of capacity.* + +*Developed by the Company and its partners in Australia, Mega-lines will deploy state of the art technologies and will supply to the global automotive market. As demand continues to increase it is expected that the Geelong facility will ultimately house four Mega-lines* + +*Following extensive collaboration with these customers, Carbon Revolution estimates volumes at circa 75,000 wheels per annum in aggregate, which includes a significant proportion of EV and large wheel formats. The volumes from these programs underpin the development of Phase 1 of the Mega-line."* + +**All well and good, so why is the SP now dogshit?** + +Simple really: + +* They completed a significant CR at 1.60 (filled very quickly) to raise money for their MEGALINE investments. +* They just announced a customer has reduced forward orders by approximately 1,800 wheels in FY21 due to COVID supply-chain reasons. + +Now a customer reducing their orders is not good, but it’s hardly surprising because COVID really has fucked up supply chains in all kinds of industries. [Car manufacturers cannot get chips for their cars](https://www.cnbc.com/2021/05/07/chip-shortage-is-starting-to-have-major-real-world-consequences.html). Shit is fucked everywhere. + +On the first point, well they need cash to expand production, so a CR is hardly unexpected. They cannot magic carbon fiber wheels from nothing. Most importantly though, the essentials to success have not changed. CBR needs lower cost manufacturing, increased capacity, and more agreements with car manufacturers. They are on the path for 1 and 2 with the CR they’ve raised. Do I think they will get the third? Maybe… + +**Could it go lower? What are the big risks?** + +Well of course it could. Look at the below chart and you’ll see that whilst it definitely goes to the right, it also goes up and down a lot. The risks are basically: + +* MEGALINE costs blowout (need more cash) +* More customers delay orders (temporary problem) +* They cannot lower costs to be more competitive (strategic problem) +* Customers walk away / find something better (strategic problem) +* Someone else cuts their lunch (unlikely given tech / patent moat) + +&#x200B; + +[Deep technical analysis](https://preview.redd.it/vrvir6clmg171.png?width=624&format=png&auto=webp&s=9f145ae498d6a68532863bdf0cbee61307bd7bda) + +**My bet** + +Buy and hold until 2023, whilst watching for the above risks. Bought $4k recently @ 1.708 and likely going back in tomorrow for another $4k. +I find myself in a bit of a pickle. Moved to Louisiana in Aug 2020. We have a great home, a brand new build, and locked in a 30-year mortgage at 2.5%. The unfortunate part is we really do not like where we live. Not the town, but just living in the south. On paper, I can't justify moving. Ultra-low cost of living, affordable housing, and cheap money for 30 years. But, emotionally we're just not content. Not necessarily unhappy, but no way we can see ourselves living here forever. And, we feel moving elsewhere will give our kids better options and certainly better job prospects as they grow. But when we consider rising interest rates and the bonkers housing market everywhere, we feel stuck. Anyone else go through this? How do I make a rational decision? + + +EDIT: Current 100% remote job. No debt other than mortgage and one car payment (also \~2%). +Everyone keeps talking about low p/e ratios right now, but somehow no one wants to touch long term bonds. + +The entire world has become dependent on low-interest rates, and the fed essentially never gets its timing right. + +They're almost guaranteed going to over-tighten, before inevitably having to loosen monetary policy. + +Scooping up long term bonds right now will give you a much safe, faster, and higher return than the vast majority of companies. + +It blows my mind that more people aren't talking about this. +**TL;DR I think all the major players are leveraging real estate assets. they can sell real estate back and forth under or over value, transferring money under the radar, raising the perceived value, raising surrounding property values, in the end giving themselves more leverage, more margin to spend. Reminds me a lot of junk bonds. If I can raise surrounding real estate values, my property value goes up and then i take that to the bank or my repo buddies and get a bigger loan, prob buy another property and keep riding the wave. but none of it's based on actual values, on actual people wanting to live there or work there. how long can it last?** + +&#x200B; + +I don’t understand everything but I know there’s a common thread here, and it looks like JP Morgan and overvalued assets- Real Estate. This is really long so just hang in there! + +&#x200B; + +**How is Citadel related to JP Morgan?** + +It’s a revolving door they share employees, and a lot of talent comes out of UT Austin. + +This thread explains the robinhood -> citadel -> JP Morgan connection ([https://www.reddit.com/r/wallstreetbets/comments/l92ma1/jpm\_citadel\_and\_how\_slv\_is\_connected\_major\_scheme/](https://www.reddit.com/r/wallstreetbets/comments/l92ma1/jpm_citadel_and_how_slv_is_connected_major_scheme/)) + +&#x200B; + +**Why UT Austin?** + +UTIMCO. It stands for University of Texas Investment Management Corporation. Bush created it (from what I understand) and according to their own website, it was ‘’the first external investment corporation formed by a public university system.” UTIMCO has control over UT’s extensive land and oil holdings and its general endowment fund. + +([https://www.wsws.org/en/articles/2002/08/bush-a01.html](https://www.wsws.org/en/articles/2002/08/bush-a01.html)) + +([https://www.utimco.org/about-utimco/](https://www.utimco.org/about-utimco/)) + +So at UT Austin, funds that are meant for the school and the students can be instead delegated to this organization, UTIMCO, which then invests the money in ventures that benefit the board members. It’s a way to move money from public to private. + +It’s also been alleged that there may be back end access to Citadels data through a terminal at UT. Check out this awesome cryptic post if you want to go down that rabbit hole: [https://www.reddit.com/r/CitadelLLC/comments/mhimy1/61727054/](https://www.reddit.com/r/CitadelLLC/comments/mhimy1/61727054/) + +And Citadel basically has fresh employees on tap. + +(SIDE NOTE: Ken also donated $125 mil to University of Chicago’s Department of Economics, apparently he’s known for this shit ([https://www.cbsnews.com/news/citadels-ken-griffin-donates-125-million-to-university-of-chicago/](https://www.cbsnews.com/news/citadels-ken-griffin-donates-125-million-to-university-of-chicago/) ) + +Wouldn’t it be so great if you could take your taxable gains and donate to someone like UT, who could then put it into UTIMCO and funnel it right back to you!?! No taxes and all the money and everyone gets a kick back. UTIMCO gets capital to use and Citadel gets data and employees. + +&#x200B; + +**Why the fuck is there a UTIMCO??** + +Im not trying to get political at all I really dgaf about the political theater, I just need to say that GWBush approved the UTIMCO, approved the chairman, Hicks, who later repaid Bush by buying him out of the Rangers. Donald Evans was also on the board of the UTIMCO, and when Hicks retired Evans was voted in as the head. Evans later went on to be secretary of commerce under GWB. In 2008, GW used gov funds to help JP MORGAN buy out Bear Stearns. Bush connects UTIMCO and JPM. + +[https://www.federalreserve.gov/regreform/reform-bearstearns.htm](https://www.federalreserve.gov/regreform/reform-bearstearns.htm) + +"Lehman's collapse roiled global financial markets for weeks, given its size and status in the U.S. and globally. At its peak, Lehman had a [market value](https://www.investopedia.com/terms/m/marketvalue.asp) of nearly $46 billion, which was wiped out in the months leading up to its bankruptcy.1 + +Many questioned the decision to allow Lehman to fail, compared with the government's tacit support for Bear Stearns, which was acquired by JPMorgan Chase ([JPM](https://www.investopedia.com/markets/quote?tvwidgetsymbol=jpm)) in March 2008. Bank of America had been in talks to buy Lehman, but backed away after the government refused to help with Lehman's most troubled assets." + +([https://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp](https://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp)) + +**Why do we keep seeing JP Morgan?** + +JP Morgan is the common thread. + +Just recently: + +\-JPM issues 13bil in bonds ([https://www.reddit.com/r/Superstonk/comments/mrm243/jpmorgan\_to\_sell\_13\_billion\_of\_bonds\_in\_largest/](https://www.reddit.com/r/Superstonk/comments/mrm243/jpmorgan_to_sell_13_billion_of_bonds_in_largest/)) + +\-Bernie Madoff dies, letters released, claims JPMorgan was complicit in the fraud. JP Morgan paid 2.6 bil fine in 2014 to settle allegations w/o admitting wrongdoing. ([https://www.cnbc.com/2021/04/14/bernie-madoff-dies-read-previously-unreleased-messages.html](https://www.cnbc.com/2021/04/14/bernie-madoff-dies-read-previously-unreleased-messages.html)) + +\-Warren Buffet sells shares in Banks, specifically JPM ([https://www.cnn.com/2021/02/16/investing/berkshire-hathaway-warren-buffett-stocks/index.html](https://www.cnn.com/2021/02/16/investing/berkshire-hathaway-warren-buffett-stocks/index.html)) + +"The JPMorgan Chase sale is noteworthy given that Berkshire partnered with the Jamie Dimon-led bank and Amazon ([AMZN](https://money.cnn.com/quote/quote.html?symb=AMZN&source=story_quote_link)) on a health insurance venture named Haven, formed in 2018 but which last month [announced plans to shut down](https://www.cnn.com/2021/01/04/investing/haven-shutting-down-amazon-jpmorgan-berkshire/index.html). Berkshire still owns shares of Amazon." - cnn article + +This article is from FEB 17 2021 so “last month” was January 2021.. HMMMM……. + +[https://www.reddit.com/r/Superstonk/comments/mrrwz5/jp\_morgan\_spoofed\_their\_earnings\_to\_get\_investors/](https://www.reddit.com/r/Superstonk/comments/mrrwz5/jp_morgan_spoofed_their_earnings_to_get_investors/) + +JP is doing the same thing Lehman did. They had ammmaazing earnings and market watch says buy! Buy! But Warren buffet sold his entire position and JP just issued 13 bil in bonds… okay. It took like a fucking year for LB to hemorrhage and die. They just kept fudging numbers and the stock was at an all time high before it crashed. What else is at an all time high right now? The spy and literally everything? Yeah I’ll stick with my negative beta stock. + +**Bubbles.** + +Did anyone watch the doc on WeWork? It was great at first, idea was awesome, but they became a real estate company. The CEO was buying real estate and renting it to WeWork. He leverged the employees desire to be part of a community to get their labor at a reduced price. Gave them stock and crashed the company. Bottom line? He used fake numbers, said he had more customers than he did. + +Another doc, Fake Famous, they get some instagramers up to 100k followers w just bots, and then they start getting free stuff and offers from advertisers and their legit making money by posting to fucking bots. And the companies pay for it. And you know insta loves it, looks like they have so many users but shit its mostly bots. i wonder if other social medias are similar?? fake users, fake earnings. + +&#x200B; + +**Real estate and fake clients.** + +\-Big funds make little funds, “clients” or cubs ([https://www.reddit.com/r/GME/comments/mewopn/anne\_dias\_griffin\_the\_silent\_tiger\_cub\_of\_the/](https://www.reddit.com/r/GME/comments/mewopn/anne_dias_griffin_the_silent_tiger_cub_of_the/)) + +\-They use real estate sales to transfer money without paying normal taxes, and use the real estate as leverage for more margin. + +\-NJ Deli doing 35k in annual sales valued at 100 mil in the stock market ([https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html](https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html)) + +&#x200B; + +I think they are using real estate with the repo market to raise liquidity. But its not real liquidity. If I’m citadel and I need more assets on my books so I can get more margin, I go to the bank and get a loan for a 10+ million dollar property (ringing bells? Jordan Belforts interview with Trey 15:30 [https://www.youtube.com/watch?v=MIfL42bgijA](https://www.youtube.com/watch?v=MIfL42bgijA) ) I put 2 mil down, and pay like 20k a month. Fucking pennies. And you know Im not buying *one* 10 mil dollar property… Then I take that 10 mil asset to Palafox, my own repo service lol, leverage it for quick cash and bam- for 2 mil and 20 k monthly, I have a 10 mil asset and house to use or rent out, and 10 mil cash. If you buy the property cash, lets say 8 mil cause you got buddies in real estate! So they give me a lower rate and I give them cash on the side, win win. But its appraised at 10 mil. Now you have 10 mil in assets on your books that you can leverage, and it only cost you 8! 2 mil out of thin air. Imagine you do that a thousand times. What happens to the price of real estate?? It goes uuuuuppp. What happens to your investment?? It goes UP. Cause supply and demand, and the higher the prices go the lower supply of affordable housing goes, the higher the demand, and the more they make again. Only problem is its all in appraisals, kind of like the junk bonds. But why would anyone stop it? They’re all getting paid, kind of like the big short. + +[https://www.thesun.co.uk/news/8267976/new-york-us-most-expensive-griffin-central-park-condo/](https://www.thesun.co.uk/news/8267976/new-york-us-most-expensive-griffin-central-park-condo/) + +Did anyone else think it was odd that ken had like all the highest priced properties in all the major areas? (Ny, London, Miami, Chicago, etc.) it makes sense if you have your own repo company and you can just turn it back into cash! I can buy the first property with cash and own it outright, then repo and buy another, which I also own outright. Then repo and buy another. It only ends when someone catches you. Shit if I could buy up all the best properties for the price of one id fucking do it to. I’d bet they can even leverage the leveraged properties. I think the house of cards that applies to the repos, applies to the real estate. Not only that, it’s over valued and I think that’s intentional, to raise capital. I think the same way they can buy stock back and forth to manipulate the price, its even easier to sell real estate back and forth and manipulate the price. Especially in Texas! No disclosure required on real estate sales. Look at whats going on in Austin: + +[https://www.bizjournals.com/austin/news/2021/03/25/austin-rising-star-for-investment-opportunities.html](https://www.bizjournals.com/austin/news/2021/03/25/austin-rising-star-for-investment-opportunities.html) + +[https://www.bizjournals.com/austin/blog/real-estate/2015/04/stream-realty-to-sell-keydowntown-austin-property.html](https://www.bizjournals.com/austin/blog/real-estate/2015/04/stream-realty-to-sell-keydowntown-austin-property.html) + +[https://www.bizjournals.com/austin/blog/real-estate/2015/07/local-investor-buys-downtown-historic-office.html](https://www.bizjournals.com/austin/blog/real-estate/2015/07/local-investor-buys-downtown-historic-office.html) + +just one example, happens to be on Congress and 6th for anyone following that cryptic post…the building has quite an interesting history, and ties to UT, who knew! + +“George Littlefield was a major player in the Austin area. During the first 50 years of the University of Texas, he was the college’s biggest financial contributor.” + +[https://historicalmarkersoftheworld.wordpress.com/2020/01/29/littlefield-building-austin/](https://historicalmarkersoftheworld.wordpress.com/2020/01/29/littlefield-building-austin/) + +&#x200B; + +Basically funds are buying up commercial real estate, and there are plenty of deals that don’t make a lot of sense, like the Littlefield Building which together with the Scarborough sold for 20 mil more than they were reasonably worth... + +This going on all over the country, but especially in cities, and especially in TX + +[https://www.bizjournals.com/austin/news/2021/03/03/empty-office-buildings-squeeze-city-budgets.html](https://www.bizjournals.com/austin/news/2021/03/03/empty-office-buildings-squeeze-city-budgets.html) + +annnnnnnnd its gone. + +This article is nuts: + +"The pandemic has upended America’s commercial property sector. In cities across the country, skyscrapers are dark, shopping centers are shuttered and restaurants have been relegated to takeout service. Social-distancing measures have redefined workplaces and accelerated the trend of telecommuting. The $16 trillion commercial property sector is being stressed in ways not seen since the Great Recession of 2008. + +According to Moody’s, the credit rating firm, commercial real estate values are projected to decline by 7.2% nationally from their pre-pandemic levels, bottoming out by the end of this year. The hardest hit categories are the office and retail sectors, with values declining by 12.6% for offices and 16.5% for retail." + +These firms don’t just buy up houses for themselves, and shitty apartments to rent to us. They buy office buildings and malls and rent them out too. and im pretty sure those assets aren't just sitting there, they're all leveraged. if not once than twice. and you would need a bank to help with all this (hey JP!) or you would need to pull a Hwang and trick a bunch of banks into leveraging the same asset. + +please tell me how our economy is at an all time high? This shit is gonna blow. + +&#x200B; + +**This is purely speculation and my own opinion. Follow the links and make your own decisions.** + +I can’t type anymore, lmk if I made any mistakes. A lot of other users helped me get here so shout out to all of you, i tried to link all the threads. obviously i read the everything short etc. but not tagging it because im sure you all know atobitt and his work. To the moon apes! + +&#x200B; + +&#x200B; + +I don’t fully understand this so im just gonna leave it here in case someone else does: + +([https://www.thetradenews.com/hedge-fund-citadel-executes-cleared-cash-repo-trades-dtcc/](https://www.thetradenews.com/hedge-fund-citadel-executes-cleared-cash-repo-trades-dtcc/)) + +but I think its just saying Palafox sponsored itself, Citadel Global Fixed Income Master Fund, so they could clear cash and repo trades faster. + +[In April, JP Morgan became the first member](https://www.thetradenews.com/jp-morgan-clears-first-repo-new-dtcc-sponsor-programme/) under the DTCC’s fixed income sponsor member programme to clear a repo transaction. + +Its just weird to me that these two end up in another article together but seemingly unrelated, idk I need another ape to elaborate on this one, I’m beat. + +if I scroll past another picture of KG im gonna fucking puke. Thanks for reading. + +&#x200B; + +&#x200B; + +edit: just want to say thanks for all the awards and kind words!!!! i love you guys +But dividend investors don't use this terminology or logic when they collect a dividend? For example, nobody ever says I've lowered my ACB of KO to $4.20 by collecting my quarterly $0.69 dividends. + +I remember when I first got into selling CCs, I was super confused when my ACB on the stock I just sold CC on didn't actually go down like i expected it to, it was only later I learned that it was actually just a wordplay. +Debt: +Student Loans: $40k at Variable Rate currently 6% +Car Loan: $13k at 5% + +Income: $85k + +Retirement Accounts: +IRA: $17k +Roth IRA: $18k +401k: $3k +HSA: $2k + +Savings: +$30k + +Currently making the standard monthly payments on all debt. I am also trying to save up to buy a house within the next 1-2 years. +[Expenses here](https://i.imgur.com/BNLjgEE.png), by [this](https://www.reddit.com/r/UKPersonalFinance/comments/hiq538/yet_another_budget_spreadsheet/) guy if anyone wants the link. + +For some context to the title- I moved to a new city with my girlfriend for a new NHS role 18 months ago but she was unfortunately diagnosed with stomach cancer shortly after we arrived. She died last month and I've now moved into a flat by myself. I've managed to save £4000 in the past year as we'd planned to get married before she passed, but as she become increasingly unwell towards the end we decided against one of those admittedly slightly strange situations where people get married in hospital. + +* My food expenses are quite low because I shop at a place called the company shop- I'd highly recommend googling it and seeing if there's one nearby. They sell excess stock and items near their sell by date that are donated by supermarkets and other retailers. It's not uncommon to get tons of waitrose & M&S food for literal pennies. They also sell plenty of fruit and veg. I'd say I currently order a takeway once a month. I was taught to cook by my half brother who was a serious restaurant chef so I enjoy cooking & can cook well enough. + +* In terms of social expense- I don't have many friends given the situation I described above, but most of my friends are part of my running club & the CrossFit gym which are part of my expenses. I'd like to get out more over the next couple of months though. + +* Astronomical parking fee is down to the fact that I live in a car free building, so I can't apply for a council permit... however the building has an underground secure carpark but it's **£80** per month, so I've rented a parking space for £44. I could stop paying it and park in the permit spots (only policed until 6PM) but I'd be buggered if I wanted to drive somewhere in the evening. + +As a final piece of info, I'm on a development role at work so my salary will increase to £33k in the next 12 months, so I'll be able to save a bit more. I'll have about £480 left over which is nothing to scoff at- but I'm just wondering if there's anything more I can do. My car insurance will drop a lot in march too (first year of driving!). +Guten Tag to all international Apes. + +German Ape here. + +I wrote a 2-part DD on CM-Equity AG and all FTX companies located in Germany and Switzerland in our German GameStop Sub “Spielstopp” few days ago. These companies drew my attention as there is a connection to issuing tokenized security offering (TSO) like the GME TSO FTX Token. After receiving a lot of positive feedback and suggestions for an English version of my research I decided to translate my post. + +&#x200B; + +I also saw many posts / comments about these companies here on Superstonk with missing or incorrect information. This research should provide you the needed details with sources to dig further and maybe discover something essential. I´m to smooth to process and connect some of discovered details so feel free to add your thoughts on this topic. + +&#x200B; + +It will be split in 3 parts here due to maximum picture restrictions for reddit posts. (Title of Part 1 is wrong) + +[Part 1](https://www.reddit.com/r/Superstonk/comments/yyj1gz/german_dd_research_on_cmequity_ag_and_all_ftx/) + +[Part 2](https://www.reddit.com/r/Superstonk/comments/yyjxaz/german_dd_research_on_cmequity_ag_and_all_ftx/) + +[Part 3](https://www.reddit.com/r/Superstonk/comments/yykns2/german_dd_research_on_cmequity_ag_and_all_ftx/) + +&#x200B; + +Its going to be a slightly different version as my original post because I received additional updated Information in the meantime. I used deepl to save some time and tried to correct some sentences. As far as possible I tried to provide sources in English. Please note that English is not my first language and not even my second to learn. + +&#x200B; + +Disclaimer: + +I reached out to Superstonk mods for approval to post it here since I do not meet the karma requirements. + +I´m holder of GME since February 2021. Only hold one stock atm. \~95% DRS´d, remaining \~5% position is split between 3 German brokers. + +It is in no way meant to represent any financial advice. + +&#x200B; + +**TL-DR:** + +CM-Equity AG (issuer of GME tokenized stock) is shady AF and they started to wipe information from their homepage. Almost all FTX related companies in Germany and Switzerland seem to be shell companies run by a small group of people. There was a connection between Binance Deutschland GmbH and FTX Derivatives GmbH in Switzerland, which was dissolved \~3 weeks before CZ's tweet. + +**TL-DRS.** + +&#x200B; + +Let’s start: + +After collapse of FTX crypto exchange and the numerous discussions about the tokenized shares (TSO) especially of the company GameStop, I have taken a closer look at the companies involved in this matter. Thereby I consider only the companies, which are registered in Germany and Switzerland and have a connection with FTX. I hope some smart apes can bring something important to light based on this information. + +&#x200B; + +This post contains following companies and their leadership: + +\- CM-Equity AG + +\- FTX Trading GmbH + +\- FTX Certificates GmbH + +\- FTX Europe AG + +\- FTX Switzerland GmbH + +\- FTX Derivatives GmbH + +\- FTX General Partners AG + +\- BINANCE DEUTSCHLAND GMBH & CO. KG + +&#x200B; + +Some further companies are briefly mentioned, which do not have direct connections to FTX, but which have certain connections among the management personnel. + +&#x200B; + +In obtaining the information, I mainly refer to the following websites: + +[https://www.handelsregister.de/](https://www.handelsregister.de/rp_web/welcome.xhtml;jsessionid=F0897DCC7784627984E9586B6618268F.tc05n01) Page in English through this Link. Documents still in German. + +[https://www.bundesanzeiger.de/](https://www.bundesanzeiger.de/pub/en/start?0) Page in English through this Link. Documents still in German. + +[https://www.northdata.de](https://www.northdata.com/) All Information should be available in English here. + +I did not use a paid account for more detailed research information. + +# CM-Equity AG + +HRB 143533 District Court of Munich + +LEI 529900FYFELVOBF2P080 + +Legal form: Aktiengesellschafft (public limited company PLC) + +Date of registration: 07/12/2002 by Michael Kott + +Address: Kaufingerstraße 20, 80331 Munich, Germany + +Management Board: Jens Andre Brunke, Augsburg, 09/28/1975 + +Managing Director: Michael Kott, Munich, 03/20/1966 + +Subsidiaries: Optimtrader (Trading Platform) + +Partnership: Vivid invest (trading, investing app) + +&#x200B; + +[Company location \/ leadership](https://preview.redd.it/1wr2wt0j2p0a1.png?width=396&format=png&auto=webp&s=6ceecb4412ac3b42f1c191a9f2a99d0033200300) + +[Google Maps Link](https://www.google.de/maps/place/CM-Equity+AG/@48.1377266,11.573475,65m/data=!3m1!1e3!4m13!1m7!3m6!1s0x479e75f4e7126e3d:0x21442ea308e3ef8e!2sKaufingerstra%C3%9Fe+20,+80331+M%C3%BCnchen!3b1!8m2!3d48.1378266!4d11.5734301!3m4!1s0x479e75f4e09f3a59:0x1331136f58610747!8m2!3d48.137732!4d11.5733881) + +My research started with this company. The connection between FTX and CM-Equity AG is as follows: + +CM-Equity AG is /was the manufacturer of the product: " Tokenized Stocks GAMESTOP CORP-CLASS A (bilateral OTC derivative contract)" Basic Information Sheet: [https://products.cm-equity.de/wp-content/uploads/2021/05/20210528\_FTX\_GME\_EN.pdf](https://products.cm-equity.de/wp-content/uploads/2021/05/20210528_FTX_GME_EN.pdf) + +Or in short, the manufacturer for the GameStop tokenized stock contract, which is traded on FTX: + +[ GME tokenized stock FTX ](https://preview.redd.it/rqh1qrhr2p0a1.png?width=605&format=png&auto=webp&s=84a05031f49bc0375b6402da088c9170feb653b9) + +CM-Equity AG stated in [a correction dated 11/11/22](https://cm-equity.de/en/rectification-to-the-publication-alameda-research-llc/) that it does not have a business relationship with Alameda Research LLC and that the cooperation with FTX Trading GmbH was discontinued as of 12/31/2021. Furthermore, the company was also not responsible for offering tokenized shares via the FTX platform. + +Besides GME, there are another 2245 basic information sheets for different tokenized stocks / precious metals or fractional shares. These all appear to be identical in themselves with adjusted stock names. [LINK](https://cm-equity.de/vivid-invest/) + +In the time of my research, the website has started to wipe information which was previously available. There was e.g., a button "CM-Equity AG" under Basic Document Sheets few days ago, this has disappeared since 11/16/22. + +[ https:\/\/cm-equity.de\/resources\/ ](https://preview.redd.it/1nwp5hu03p0a1.png?width=605&format=png&auto=webp&s=b0b1dc429d5504d05805ca1265fe5a8af74e0b88) + +Good thing that the Wayback Machine exists, so we can check here what is currently no longer available: + +[https://web.archive.org/web/20220529021735/https://cm-equity.de/resources/](https://web.archive.org/web/20220529021735/https:/cm-equity.de/resources/) + +The following information has been deleted from their website: + +These are basic information sheets for tokenized stocks, however you can find "Binance" in the document names: + +[deleted basic information sheets](https://preview.redd.it/7hx97ip83p0a1.png?width=605&format=png&auto=webp&s=d9078f1225249347b47ab76231b70e8acf5c3f75) + +This does not represent the connection between Binance and FTX mentioned in the headline, it comes a bit further in this post. + +Collaboration between Binance and CM-Equity AG on TSO is no secret, but I don’t understand why they purged this information only few days ago from their website. + +In this article: + +[https://coincodex.com/article/11104/binances-tokenized-stock-feature-draws-attention-from-uk-regulator/](https://coincodex.com/article/11104/binances-tokenized-stock-feature-draws-attention-from-uk-regulator/) + +I could find the following: + +[ stock custody ](https://preview.redd.it/tgbsy35h3p0a1.png?width=605&format=png&auto=webp&s=fddd4482a0e2b2788be42411dfac12282b22dc68) + +“CM-Equity custodies the shares that are backing the tokens.” I would like to see some proof where CM-Equity keeps the shares. I couldn't find anything. + +&#x200B; + +According to the following article, Binance has stopped trading TOS since July 2021: + +[https://www.reuters.com/world/china/binance-stops-selling-stock-tokens-after-regulatory-scrutiny-2021-07-16/](https://www.reuters.com/world/china/binance-stops-selling-stock-tokens-after-regulatory-scrutiny-2021-07-16/) + +&#x200B; + +Enough with Binance for now. Back to FTX. + +Attached is a tweet from SBF about partnership between CM-Equity AG and FTX from 10/30/20: + +[SBF tweet1](https://preview.redd.it/ddd46ilq3p0a1.png?width=296&format=png&auto=webp&s=bc6f53833523133d3f273d813f1bee6cb34eed54) + +[SBF tweet2](https://preview.redd.it/2itulb9s3p0a1.png?width=309&format=png&auto=webp&s=bfb9ec92645ed82dc91870534fc1605fa6726809) + +You can read his complete tread here: [SBF on Twitter](https://twitter.com/SBF_FTX/status/1321983277293449216) + +&#x200B; + +On CM-Equity´s homepage there are some documents available about execution quality of private clients. + +Interactive Brokers Central Europe ZRT (984500QBG15950F8C352) is listed predominantly with almost 100% volume in several categories. I am not aware of what this means exactly, maybe someone can use this Information. + +All documents are listed under “imprints” at the bottom of their page. + +Execution Quality Private Clients 2021 Evaluation: + +[https://cm-equity.de/wp-content/uploads/2022/04/20220426\_2021\_Auswertung-der-Ausfuhrungsqualitat-MiFID-II-Kategorie-3.pdf](https://cm-equity.de/wp-content/uploads/2022/04/20220426_2021_Auswertung-der-Ausfuhrungsqualitat-MiFID-II-Kategorie-3.pdf) + +&#x200B; + +History and network of the company (nothing suspicious here I guess): + +[History and network CM-Equity AG](https://preview.redd.it/wzum4ez14p0a1.png?width=524&format=png&auto=webp&s=0f189d0f454a72a6004998adee7d7c5571f27496) + +Company has existed since 2002 with the same managing director, so it’s not a shell company. However, a look at the annual balance sheet provides us some interesting details. If you compare the years 2020 and 2021 you will see a quite big difference in the figures. + +All documents can be found here in “Bundesanzeiger” with search entry "CM-Equity AG": + +[https://www.bundesanzeiger.de/](https://www.bundesanzeiger.de/pub/en/start?0) + +These Documents are availible in German only. I hope some accountant apes in german sub will figuere this numbers out and provide some easy explaination. I will add it here as soon as it is availible. + +&#x200B; + +Annual financial statement for the fiscal year from 01.01.2020 to 12.31.2020 + +[Shareholders 2020](https://preview.redd.it/a88c41x94p0a1.png?width=510&format=png&auto=webp&s=c5538c3248ade595b9a5ccbcf430de564cf448e3) + +Digital Assets DA AG is a former company name of FTX Europe AG. More about during this post. Ownership of \~10% in CM-Equity AG + +&#x200B; + +[Balance sheet 2020](https://preview.redd.it/e2zeo8ee4p0a1.png?width=520&format=png&auto=webp&s=f8d0e69fdbf4c62863aa8afc9b2c17c32d2a7b38) + +Balance sheet profit 2020: € 77,295.74 + +Annual financial statements for the fiscal year from 01.01.2021 to 12.31.2021 + +[Shareholders 2021](https://preview.redd.it/vnxip04j4p0a1.png?width=605&format=png&auto=webp&s=8837fe7802ae9804c9267297c0327184752c54fe) + +&#x200B; + +Digital Assets DA AG changed the name and is already listed here as FTX Europe AG with \~10% stake in CM-Equity AG. + +[Balance sheet 2021](https://preview.redd.it/293xmsbq4p0a1.png?width=572&format=png&auto=webp&s=4ac73b0233e90a74846f5287b53204412628e275) + +Balance sheet profit 2021: 11,027,228.40€. + +or \~14300% profit increase in one year, not bad. + +I have absolutely no idea about balance sheet calculations, but something seems to be very suspicious here. I made a post about their annual report in German sub, hope some wrinkled apes could help to find details. + +&#x200B; + +I would also like to add that CM-Equity AG removed their FAQ section in the last few days. Trough wayback machine we are again able to look at removed information: + +[https://web.archive.org/web/20211027004139/https://cm-equity.de/en/faq/](https://web.archive.org/web/20211027004139/https://cm-equity.de/en/faq/) + +As you can see their FAQ section contains questions about TSOs. + +They also removed following two news from their page: + +&#x200B; + +1. [https://web.archive.org/web/20220529012118/https://cm-equity.de/en/quantum-technologies-fund-black-quant-invests-in-aegiq/](https://web.archive.org/web/20220529012118/https:/cm-equity.de/en/quantum-technologies-fund-black-quant-invests-in-aegiq/) +2. [https://web.archive.org/web/20220529021622/https://cm-equity.de/en/qbn-and-cm-equity-set-up-e100-million-quantum-technologies-fund/](https://web.archive.org/web/20220529021622/https:/cm-equity.de/en/qbn-and-cm-equity-set-up-e100-million-quantum-technologies-fund/) + +Website of this 100-million-quantum-fund has also been shut down in the meantime. + +[https://web.archive.org/web/20220923085651/https://blackquant.de/](https://web.archive.org/web/20220923085651/https:/blackquant.de/) + +&#x200B; + +This translated quote can be found in their report and is interesting: + +*In particular, the trading portfolio increased by EUR 20M€, which is largely composed of hedging positions acquired as part of the bulk customer business with bilateral contracts. The hedging positions serve as hedges for liabilities arising from bilateral contracts with customers. In addition, loans and advances to banks increased by EUR 9M€ as a result of liquidity inflows following the disclosure of hidden reserves in the banking book.* + +&#x200B; + +At this point I'll leave the CM-Equity AG research here (we are still investigating this company in German sub) and turn to the other FTX related companies. + +&#x200B; + +Let's start with Germany: + +# FTX Trading GmbH + +HRB 220867 District Court of Hanover + +Legal form: GmbH (equivalent to LLC) + +Date of registration: 10/23/2020 by Max Hartmut Alexander Rhotert + +Address: Wülfeler Str. 63, 30539 Hanover, Germany + +Managing Director: Max Hartmut Alexander Rhotert, Hanover, 01/02/1966 + +Authorized signatory: Raatz Henry, Engen, 03/22/1976 + +&#x200B; + +History and network of the company (new company, managing director also leading several other companies --> suspicious): + +[History and network FTX Trading GmbH](https://preview.redd.it/84l2ndee5p0a1.png?width=605&format=png&auto=webp&s=fb83ba033f66ffc0ce5c9225f6f8515ead03175d) + +Important names are marked. We will encounter them more often in the course of this post. + +Please note: Hartmut Rhotert and Max Hartmut Alexander Rhotert seem to be the same person. + +&#x200B; + +Let´s take a look at the managing director of FTX Trading GmbH: + +[Max Rhotert](https://preview.redd.it/90ls6eil5p0a1.png?width=605&format=png&auto=webp&s=6c560487e8e8a4b850e52f22fe7b70d170bfd27d) + +This man is quite busy. + +&#x200B; + +In the following companies except FTX Trading GmbH Mr. Rhotert is listed as managing director: + +**Alpina Film GmbH:** HRB 728957 founded: 01/29/13 (balance last available year: assets: 546.531,91€ / liabilities: 546.531,91€) + +**LODE GmbH:** HRB 221488 Founded: 03/23/2021 same company address as FTX Trading GmbH + +&#x200B; + +And authorized signatory in the following: + +**Kephas Stiftung Gemeinnützige GmbH:** foundation: 05/10/11 (balance last available year: assets: 4.724.976,00€ / liabilities: 4.724.976,00€) Kephas Stiftung is the owner of Catholic TV channel K-TV. + +Their managing director is Patrick Gruhn. + +**CredoMedia GmbH** HRB 77860: Founded: 01/29/13 + +Managing director also Patrick Gruhn. We will discuss this name later. + +&#x200B; + +Now let’s look at the important company of the managing director Mr. Rhotert: + +FTX Trading GmbH + +The company is located here: + +&#x200B; + +[location FTX Trading GmbH](https://preview.redd.it/e2n2p5ry5p0a1.png?width=386&format=png&auto=webp&s=33ce328a86ae9e763aaaf5759d8be623a6ff9a5a) + +[Google Maps Link](https://www.google.de/maps/place/Cosmetique165/@52.3387501,9.8157273,87a,35y,166.08h,44.5t/data=!3m1!1e3!4m5!3m4!1s0x47b00bb33726f2d1:0xb3c86741f211cfd!8m2!3d52.3381292!4d9.8158497) + +A rather unusual place for the headquarters of a company like FTX Trading GmbH. + +It should be noted that a cosmetic studio is operated at this address by "Michaela Rhotert". In the reviews of this studio, there is also a 5-star rating from "Max Rhotert". Studio seems to be real. I think we got enough information at this point. + +I would like to ask you to refrain from contacting these people as it cannot be guaranteed that they are involved in this whole FTX situation. It is not my intent to compromise personal information and it should only represent a connection between the managing director and company address of FTX Trading GmbH. + +&#x200B; + +Here is the profile of authorized signatory of FTX Trading GmbH: + +[Henry Raatz](https://preview.redd.it/erl019ta6p0a1.png?width=387&format=png&auto=webp&s=168ef3973ef323737ce663715c07317bbaf58074) + +It´s the same foundation (Kaphas Stiftung) where Mr. Rhotert is also involved. + +&#x200B; + +Let's move on to the companies with an address in Switzerland, there are several here: + +# FTX Certificates GmbH + +CHE-162.267.877 + +previous company names: DAAG Certificates GmbH (until 04/21/2022), Kali Hodling GmbH (until 12/29/2020) + +Legal form: GmbH (equivalent to LLC) + +Date of registration: 07/06/2020 by Crypto Lawyers GmbH and Ernest Ukaj + +Address: Churerstrasse 135, 8808 Pfäffikon, Switzerland + +Managing Director: Jürg Bavaud + +Other important names: Ernest Ukaj + +&#x200B; + +Location: this “office building” looks not bad for a small company: + +[Churerstrasse 135](https://preview.redd.it/qhbf0eiv6p0a1.png?width=381&format=png&auto=webp&s=db4fd6dcb7eeaefb0cd7ad039fcfd30d06a07a19) + +[Google Maps Link](https://www.google.de/maps/place/Churerstrasse+135/@47.2015663,8.7901579,63a,35y,5.2h,52.84t/data=!3m1!1e3!4m7!3m6!1s0x479ab6b1a556d1bf:0xc1c666813f33ed87!4b1!8m2!3d47.2019094!4d8.7902037!16s%2Fg%2F11fx0qh3y7) + +&#x200B; + +But if you take a closer look, you will find that a shitload of different companies is located in the same building. + +Now there are 73 active companies registered here: + +[registered companies under Churerstrasse 135](https://www.monetas.ch/en/1619/Firmen-an-selber-Adresse.htm?Page=1&Street=Churerstrasse&StreetNo=135&Zip=8808&Town=Pf%C3%A4ffikon) + +Please note that this website only shows active companies. + +&#x200B; + +You can easily find Ponzi schemes and shell companies on this address back to 1994. Some examples are “Beltrust Management AG” and “IPCO Investment AG” these two companies alone have stolen \~100M$ of customer funds over just few years almost 3 decades ago. But I guess as long these companies share their profits everything is fine. + +At this point I must thank this awesome ape right here [u/EddyRosenthal](https://www.reddit.com/user/EddyRosenthal/). He was able go drive to this location and take some pictures. If im not mistaken not even 12 hours were spend since my original post in german sub until location was verified. Thats some Glacier Capital shit right here. Thanks a lot. Here are his fotos: + +[Churerstrasse 135 on 11\/17\/2022](https://preview.redd.it/f73qrnlv9p0a1.png?width=2180&format=png&auto=webp&s=cc238a0c077130e3c38cc32fd9cc68db3216b110) + +you can find his post here: [LINK](https://www.reddit.com/r/Superstonk/comments/yxo0ch/apes_on_the_ground_breaking_ftx_switzerland_was_a/) + +&#x200B; + +History and network of the company: (new company, managing director leading several other companies, company was renamed few times --> suspicious): + +[History and network FTX Certificates GmbH](https://preview.redd.it/f2zz8fb8ap0a1.png?width=605&format=png&auto=webp&s=a863a602a77dd6a09e3bed7180dc0a8b35a0ca0c) + +&#x200B; + +Here we can find again Mr. Rhotert in relationship to FTX Europe AG. All important names are marked, and we will discuss them later. + +Spoiler: these are some quite interesting personalities. + +&#x200B; + +# FTX Europe AG + +CHE-175.231.191 + +previous company name: Digital Assets DA AG (until 02/15/2022) + +legal form: GmbH (equivalent to LLC) + +Date of registration: 07/06/2020 by Ernest Ukaj + +Address: Churerstrasse 135, 8808 Pfäffikon, Switzerland + +Managing Director: Jürg Bavaud + +Other important names: Ernest Ukaj, Rhotert Max, Robin Matzke + +Company address: same “office building” as FTX Certificates GmbH + +&#x200B; + +History and network of the company: (new company, managing director leading several other companies, --> suspicious): + +[History and network FTX Europe AG](https://preview.redd.it/dp676okuap0a1.png?width=605&format=png&auto=webp&s=bb26979a8b838ae9ff54136c46ca5422ec66c2f7) + +Same names as at FTX Certificates GmbH, nothing changed. + +&#x200B; + +At this point, the maximum number of possible images has been reached. Please continue here in second part: + +[Part 2](https://www.reddit.com/r/Superstonk/comments/yyjxaz/german_dd_research_on_cmequity_ag_and_all_ftx/) +I'm a 25 year old male from Quezon City, Philippines. The apartment I'm renting caught fire the day before yesterday while I was out submitting requirements for enrollment in University. I lost everything and the only thing I'm left with are the clothes that I was wearing when I went out, my phone, and my wallet with prescription and some money in it. + +I'm a Secondary Education student, I've worked as a customer service agent for 5 years, and I had a small ice cream business that I lost to the fire. Where do I go for help? How do I start again from this? I live alone and I'm not in good terms with my parents so I'm not really excited about the idea of asking them for help. My friends pooled some money and I got 25kphp ($508) in total. + +I'm totally lost and still shocked from losing everything I have worked hard for years so any advise on how to start over is going to be greatly appreciated. + + +UPDATE: a friend will provide a room for me for now. So that one's out of the way. Thanks to everyone who gave advise on what to do regarding my housing. + +UPDATE 2: I have a job interview 2 days from now. Wish me luck! :) +Hey Reddit, + +Has anybody temporarily (or forever) abandoned FIRE and went on disability to work on their mental health? Any success stories you could share about bipolar disorder and FIRE? I'm feeling lost and burned out here. Story below. + +I've been pursuing FIRE ever since I found this sub back in 2014. Since then I have changed job families and companies (twice!) and tripled my salary! The career progression has been amazing, and I owe a lot of it to this sub for being so helpful and supportive and guiding my thinking in the right direction. + +However, there is a darker side to all this progression that I work very hard to keep secret from my peers. I have bipolar disorder and often times my mental health is so bad that I stay home from work and don't leave my house or do anything productive for several days. I generally can bounce back before management suspects anything and return to a high level of productivity. + +It's gotten progressively worse over the past couple years and it's to a point where I'm not sure if I can work anymore. I'm terrified I can't keep the pace at which I've been progressing, but also taking a step backwards sounds a lot like failure to me, and any step backwards would be a step into work that I don't find nearly as stimulating. + + +I'm projected to make 185k this fiscal year as a software developer. I have about 110k net worth - $25k in cash savings and the rest in IRA/401k/HSA. 26 years old. +I've noticed recently, even as a holder, big price swings are changing my portfolio percentages frequently. I like to keep a substantial portion in the bigger cap coins with smaller percentages dedicated to more risky tokens. + +Since its been tedious to manually re-balance my ~20 coins every couple weeks, Ive decided to write some software to automate the process. Basically track and auto trade ratios back or notify the user when your diversification changes from desired parameters. + +Just probing for interest and suggestions, as i'd like to share it with the public when finished. +I have been struggling off lately with desire to overtrade even after my weekly targets (~$1k) have been hit. This week I had the best trading week of the year (~$4k in profit) but still was tempted to trade today. Fortunately, got busy in work and didn't pull the trigger. + +My fear is losing several months of efforts. What are some of the ways to overcome this behavior? + +EDIT - thanks everyone for throwing in some great ideas! Enjoyed my long weekend which helped to get refreshed for this week. + +I will try 2 methods for starters based on overall comments +1. Take trades even after hitting weekly goal provided my trade setups appear with high vote of confidence. +2. Reduce position size for those 'additional' trades so as to not fear about heavy losses and still end up green for the week. + +Someone also mentioned about trading for specific time. For now, shelving this idea since my day job has different work load day to day so can't commit a specific time. + + +[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!* +To anyone new to trading options. You need to understand, this is a craft. A skill. You must learn and respect it, or it is going to **disrespect** you. Very violently in some cases. You **HAVE** to know what you're doing, not just **THINK** you know what you're doing. + +You **must** understand the Greeks. This is essentially what your option is. If you don't know what they are exactly and how they can effect your option, you are straight gambling. (Which may be fine if you like buying rope from HD) + +I don't know if new people are not reading the helpful information posted in this subreddit before jumping into options (Especially the people selling spreads that are asking what it means when they get assigned, etc. You're screwing yourself hard and are on a quick 1 way track to being plastered on the front of WSB as loss porn.) + +***I took this from the tutorial section of the Discord I run to try to make it as simple as possible.*** + +**OPTION BASICS** + +*ATM= At the money (Stock is 55 and you pick a 55-56 strike call)* + +*ITM= In the money (Stock is 55 and you pick a 55 strike and lower call)* + +*OTM= Out of the money (Stock is at 55 and you pick a 100 strike call)* + +***Understanding Greeks*** + +&#x200B; + +Greeks encompass many variables. These include delta, theta, gamma, vega, and rho, among others. Each one of these variables/Greeks has a number associated with it, and that number tells traders something about how the option moves or the risk associated with that option. The primary Greeks (Delta, Vega, Theta, Gamma, and Rho) are calculated each as a first partial derivative of the options pricing model (for instance, the Black-Scholes model). + +&#x200B; + +The number or value associated with a Greek changes over time. Therefore, sophisticated options traders may calculate these values daily to assess any changes that may affect their positions or outlook, or simply to check if their portfolio needs to be rebalanced. Below are several of the main Greeks traders look at. + +&#x200B; + +**Delta** + +Delta (Δ) represents the rate of change between the option's price and a $1 change in the underlying asset's price. In other words, the price sensitivity of the option is relative to the underlying asset. Delta of a call option has a range between zero and one, while the delta of a put option has a range between zero and -1. For example, assume an investor is long a call option with a delta of 0.50. Therefore, if the underlying stock increases by $1, the option's price would theoretically increase by 50 cents. + +For options traders, delta also represents the hedge ratio for creating a delta-neutral position. For example, if you purchase a standard American call option with a 0.40 delta, you will need to sell 40 shares of stock to be fully hedged. Net delta for a portfolio of options can also be used to obtain the portfolio's hedge ratio. + +&#x200B; + +A less common usage of an option's delta is the current probability that the option will expire in-the-money. For instance, a 0.40 delta call option today has an implied 40% probability of finishing in-the-money. + +&#x200B; + +**Theta** + +Theta (Θ) represents the rate of change between the option price and time, or time sensitivity - sometimes known as an option's time decay. Theta indicates the amount an option's price would decrease as the time to expiration decreases, all else equal. For example, assume an investor is long an option with a theta of -0.50. The option's price would decrease by 50 cents every day that passes, all else being equal. + +&#x200B; + +Theta increases when options are at-the-money, and decreases when options are in- and out-of-the money. Options closer to expiration also have accelerating time decay. Long calls and long puts will usually have negative Theta; short calls and short puts will have positive Theta. By comparison, an instrument whose value is not eroded by time, such as a stock, would have zero Theta. + +&#x200B; + +**Gamma** + +Gamma (Γ) represents the rate of change between an option's delta and the underlying asset's price. This is called second-order (second-derivative) price sensitivity. Gamma indicates the amount the delta would change given a $1 move in the underlying security. For example, assume an investor is long on a call option on hypothetical stock XYZ. The call option has a delta of 0.50 and a gamma of 0.10. Therefore, if stock XYZ increases or decreases by $1, the call option's delta would increase or decrease by 0.10. + +&#x200B; + +Options traders may opt to not only hedge delta but also gamma in order to be delta-gamma neutral, meaning that as the underlying price moves, the delta will remain close to zero. + +Gamma is used to determine how stable an option's delta is: higher gamma values indicate that delta could change dramatically in response to even small movements in the underlying's price. Gamma is higher for options that are at-the-money and lower for options that are in- and out-of-the-money and accelerates in magnitude as expiration approaches. Gamma values are generally smaller the further away from the date of expiration; options with longer expirations are less sensitive to delta changes. As expiration approaches, gamma values are typically larger, as price changes have more impact on gamma. + +&#x200B; + +**Vega** + +Vega (v) represents the rate of change between an option's value and the underlying asset's implied volatility. This is the option's sensitivity to volatility. Vega indicates the amount an option's price changes given a 1% change in implied volatility. For example, an option with a Vega of 0.10 indicates the option's value is expected to change by 10 cents if the implied volatility changes by 1%. + +&#x200B; + +Because increased volatility implies that the underlying instrument is more likely to experience extreme values, a rise in volatility will correspondingly increase the value of an option. Conversely, a decrease in volatility will negatively affect the value of the option. Vega is at its maximum for at-the-money options that have longer times until expiration. (edited) + +&#x200B; + +&#x200B; + +**Rho** + +Rho (p) represents the rate of change between an option's value and a 1% change in the interest rate. This measures sensitivity to the interest rate. For example, assume a call option has a rho of 0.05 and a price of $1.25. If interest rates rise by 1%, the value of the call option would increase to $1.30, all else being equal. The opposite is true for put options. Rho is greatest for at-the-money options with long times until expiration + +When looking at options for day trading, I tend to only look at Delta, Gamma, and Theta, but the others are important aswell, such as a LEAP with a high Vega. + +## What Are Long-Term Equity Anticipation Securities (LEAPS) + +*The term long-term equity anticipation securities (LEAPS) refers to publicly traded* [*options contracts*](https://www.investopedia.com/terms/o/optionscontract.asp) *with* [*expiration dates*](https://www.investopedia.com/terms/e/expiration-date.asp) *that are longer than one year, and typically up to three years from issue. They are functionally identical to most other listed options, except with longer times until expiration. A LEAPS contract grants a buyer the right, but not the obligation, to purchase or sell (depending on if the option is a call or a put, respectively) the* [*underlying asset*](https://www.investopedia.com/terms/u/underlying-asset.asp) *at the predetermined price on or before its expiration date.* + +IE: LEAPS are LONG term calls. **At least** 3 months out. Personally I like ATM year leaps. They make your account print fucking hard as shit. They might cost more, but they will print harder. **You're buying theta here.** + +**EXAMPLE 1:** + +$100 stock + +You can buy a 365 DTE 10.00 Call strike and because you are basically taking NO risk in this case...you will be getting no extrinsic value on that call. There is about a 100% chance that it will be exercised. So that call right now will be worth $90. It's all intrinsic value. Similarly...as the stock price goes up and down the value of this option will track that almost 1:1. If the stock goes up 20, the call will go up about 20. If the stock goes down 15, the call will go down 15. + +You can also buy a 365 DTE 200.00 Call strike and because the chance of this stock increasing 100% in 1 year is extremely low, this call will have about zero intrinsic value and all extrinsic value and will be very cheap. Maybe a $1-$2 at best. Moreover...as the stock price moves up and down the value of this option barely budges, especially in the lower ranges. + +Now compare to a 365 DTE 100.00 Call strike. There is a lot of risk here. Currently there would be no intrinsic value to this option as 100 - 100 is zero, but there is a substantial amount of extrinsic value. Might be worth $15. The value of this option also changes significantly even with minor 5% changes in stock price. + +So basically no risk buying very deep ITM and deep OTM calls. The most substantial risk takes place ATM. + +So I look at deep ITM LEAP calls as a stock replacement strategy, and OTM calls as a speculative strategy. One could also look at deep OTM calls as a very bullish strategy that comes with near 100% of losing your debit, because if that stock price never appreciates as much as you think it will not substantially change in value. + +Case in point...as a mental exercise. A stable company has a stock price of 100. It's beta is 1.3 (low volatility). You buy a 365 DTE 200.00 call and spend $0.50. How much would the stock price have to go up, and by when, for you to call option to double in value? Remember even at expiration if the stock price is $199, that call is worthless. + +I think also you should note that deep OTM LEAPs have very high vega and if you buy a LEAP on a particular ticker during very low volatility, the stock doesn't really have to go up all that much for you to turn up a large profit. As long as there is a spike in volatility, you will make gains due to LEAPs having very high vega. + +***If you cannot watch the stock everyday I encourage you to do LEAPS.*** + +Also, please feel free to **ASK PEOPLE** before you jump into something you're unsure of and will end up with a losing position and a loss. + +I hope this help new people, sorry if any of this information was previously posted. + +Good Luck! + +EDIT: If anyone needs further help, please feel free to reach out to me. Also, anyone that wants to criticize what I am saying, **feel free to make your own post.** +So I'm looking at this [report on Ecovyst](https://www.businesswire.com/news/home/20210805005383/en/Ecovyst-Reports-Solid-Second-Quarter-2021-Results-Board-Declares-Special-Dividend-of-3.20-per-share) which will pay a special dividend of $3.2 later this month. + +From this report, it looks like they had a net loss last quarter of $7.2M. How can a company which is losing money issue such a large dividend? Shouldn't they use that money to grow, or at least pay off their debts before handing it over to shareholders? +I've always kind of been bad at looking very far ahead, but I've been thinking about the future a lot. I'm a 19f, single with cats, and planning to stay childfree. I don't want to live in an apartment all my life but I don't think I'd want to own a house, as they're typically a bit bigger than what I'd need, and expensive. Right now I'm living with my mom, paying a bit of rent each month and buying my own food, ect for the most part. + +Some advice from people who might've been in a similar situation world be appreciated… I just feel having more of an idea of something to work towards will help me + + +[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!* +They are buying from a company that describes itself as being "The Next Great Acreage Community in Texas." They plan on buying 2 acres for 130k and just sitting on it in order to fight against the incoming recession. They will get 40k out of my father's retirement to fund this since they believe the money will disappear in said recession. I am Worried they are taking a 6% apr loan and then be screwed over by some people profiting off of their stupidity. They dont plan on actually building a house on it... + +What are their chances that the land is worthless in the future? How safe is their investment? + +UPDATE. + +Hey guys! + +Thank you for all of the comments. I read every one and will show my parents this thread. Indeed some of you guys already guessed who the company is. + +I ended up calling the broker agent and asked about canceling. He refused to tell me how to cancel the contract and asked for reasons. I kept telling him it was not a good investment but he refused to tell me what I politely asked. He eventually said the deal went through and there would be fees. I said thank you and that I would call later. I then hung up. + +The real estate broker then called my father's friend who also invested with him (he was the one who suggested my father go in with him) and a bunch of stuff went down to what became a game of telephone. Apparently the real estate broker thought that I was my father, but that shouldn't matter since I simply requested information. + +I saw that in the contract there was a cancellation clause of letting people know within 7 days. I hope to God that there is no fee. + +I think my family is on board, but my father's friend is mad at me. Even after all my explanations, they still think that the real estate broker that lied to them is their friend. I am going to fight to protect my family ( as cheesy as that sounds) and I'm extremely mad at the broker for taking advantage of them. + +I just pray that there are no fees for canceling the contract within 2 days. I also learned to call my parents more often and ask for updates. If I was in a bad son this wouldn't have happened... +It’s that time of the year between Christmas and New Year’s where time has no meaning and one can watch the fireplace channel and read a good book. + +I enjoyed “thinking fast and slow” about human cognitive biases, and “payback” by Margaret Atwood about the history of debt. A friend also gave me “where are the customers’ yachts” and recommended reading any Berkshire Hathaway annual report preface written by W. Buffet. + +Any great reads that changed how you think about the future and your wealth? + +Edit - I am curious why Rich Dad Poor Dad seems somewhat controversial? + +Edit: of course I didn’t know about the pfc reading list, thanks for the link! + +https://www.reddit.com/r/PersonalFinanceCanada/wiki/reading-list +It’s that time of the year between Christmas and New Year’s where time has no meaning and one can watch the fireplace channel and read a good book. + +I enjoyed “thinking fast and slow” about human cognitive biases, and “payback” by Margaret Atwood about the history of debt. A friend also gave me “where are the customers’ yachts” and recommended reading any Berkshire Hathaway annual report preface written by W. Buffet. + +Any great reads that changed how you think about the future and your wealth? + +Edit - I am curious why Rich Dad Poor Dad seems somewhat controversial? + +Edit: of course I didn’t know about the pfc reading list, thanks for the link! + +https://www.reddit.com/r/PersonalFinanceCanada/wiki/reading-list +Hi all, + +My (23M) partner (23F) and I are moving to Cornwall as she will be starting a degree at Falmouth University and I will also be getting another job. + +My Salary will be 45k a year, I won't and don't support her financially in any way. We pay our fair share of food shop, rent etc. She will be at Uni studying full time so therefore will be applying for a Student Loan, however with my salary it will affect her negatively as she won't be able to apply for a larger loan to support her. + +Has anyone also had this issue in terms of the student loan application needing household income even though I won't be supporting her, but will be living together as a relationship. +Can anything be done about it? + +Thanks in advance + +EDIT: I want to make it clear I'm not saying I refuse to help her financially, I am in general stating we are both independent when it comes to money. Obviously if either of us need financial help here and there, then we do help each other. +Hi everyone, + +I learned investing stocks from ASX\_Bets and I started from November 2020, last year. + +As 8 months past from my first investing, I have a question for my self. + +Am I doing it right? + +My current holdings are: + +ASIA, VAS, HACK, TLG, Z1P, VML, NVX, RBL + +I've invested total $27K($11k in ETFs $16k for the rest) and now it's -4%... + +and of course My ETFs are outperforming the individuals stocks (except NVX) + +Plus I have to say that I love the dividend from etfs.... + +I have a strong belief on potential growth of my individual stocks for the future, + +but I keep thinking 'what if I started all my $27k into etfs?' +I feel like I'm lost... + +Please give me some advices because I know there are many smart people here not like ASX\_Bets... +As I read through AusFinance I see a lot of comments about recession, looming economic collapse, and of course property crash. I want to get your thoughts and opinions on what might be the cause of such a catastrophe. + +With the macro-economic outlook not looking too hot around the world, specifically the US, and EU going into winter with energy supply issues. What would cause such a doomsday event in Aus that unemployment spikes, people lose their jobs, loans become unserviceable, foreclosures, homes being sold by banks, and generally shit has hit the fan? + +I can only assume it's not a simple answer and it would be a combination of what we are dealing with now ramping up to an extreme level followed by some external shock(s). +Given the property price in Sydney, how can you buy a house or an apartment in Sydney and save money to invest reasonable amount in shares ect at the same time. The mortgages rate is also pretty low atm. What if it goes up +I thought this was supposed to be something that was being proposed/discussed and potentially rolled out (at least in NSW)? + +Haven't heard a peep about it in months, yet it seems like a massive way to help with liquidity in the housing market. Googling likewise returns no recent results... seems it's conveniently been swept under the rug? 🤔 +Hi All, + +In the Q4 of last year i wrote a small paper on the Australian Housing Market for my Masters. The background of the paper was to provide some insight into an economic market and provide an outlook. I've just recently put this on a website (excuse the name of the website). Given how often this topic is discussed i hope it proves helpful. The data points reference no later than September last year but i think the topics discussed are still relevant. + +I'm not trying to monetize this, just trying to provide some independent insight. Understand that their is a rule around self promotion, I've checked in about this already and am simply linking the below to encourage some discussion and help inform the community. Please excuse the formatting.. I'm doing my Masters in finance not CS haha. + +I have read quite recently on here that that RBA etc are not aware of the consequences of their monetary policy decisions on the housing market and i hope this provides evidence that they are aware. I believe they are between a rock and hard place and that the effects on the housing market are an unintended consequence of their mandate. I've also linked a recent paper they have written on the topic below my article which i didn't include in the original paper. + +My Paper: + +[https://ausfinancenews.com/2020/01/07/australian-house-market-outlook/](https://ausfinancenews.com/2020/01/07/australian-house-market-outlook/) + +Recent RBA Paper: + +[https://www.rba.gov.au/publications/rdp/2020/2020-02.html](https://www.rba.gov.au/publications/rdp/2020/2020-02.html) + +TLDR; my conclusion is that the housing market is over valued but baring an external shock, or a drastic change in market conditions, i.e. credit shock, quick rate hikes etc that the market would continue on. Once a shock does occur the consequences would likely be quite dramatic. Inside of all this, there are things that would protect the market, high offset accounts etc.To be honest though, you should probably try and read the whole paper, it is long but i'd argue you'll get more information out of something like this than 4 current news media articles.. but maybe im biased.. haha + + +I posted about a month ago when my father (66) initially had his stroke. Thank you all for your input. Since he has many complications (chronic kidney disease, diabetes, high blood pressure) and is still having more strokes, it is becoming very real that he will be passing soon. We have been thankful to have my aunt and grandmother helping financially with some bills but this will not be long term. + +I understand as his child I don’t take on any debt and honestly want nothing to do with this shit. I am kinda financially secure - paid off car and credit cards last year and only have student loan debt. POA was not an option because he could never sign or speak. I will consult with a lawyer to understand things more too. I am located in Pennsylvania. + +I am trying to understand the pieces for my bipolar mother who is a stay at home mother for my whole life (27). My mother is going to be in a rude awakening soon… Her whole life depended on him. My brother (31) depended on him for everything too. Yes, these debts are a mess. He was a real estate agent who believed in not paying In property taxes, paying bare minimum on bills and living outside his means. He was verbally abused by my mother. I feel terrible for him. He made only one closing since start of this year.. I also understand these were his financial decisions I just wish he asked for help instead of hid + +Debts: + +Credit cards and collections: these are not in my moms name and I am assuming not her problem. + +High utility bills: these are not in her name and these are the big concern if they go in her name. Can they close out these accounts and open fresh in her name? She does have good credit. + +Electricity- ~$11,000 (yes this is real.) He owed $7,000 on his main house with my mom and $4,000 on the rental that my brother is living rent free. They closed the rental account(my brother open a new account in his name) in February and combined everything when I accidentally paid the rental account not the main residence online to prevent shut off. They would not separate the account for when I was trying to set up payment arrangement. They were firm that this is the last payment arrangement because he failed so many previous ones. (Throwing $100, $200 at it)They want $500 initially and $805 plus current charges for arrangement. + +Gas - ~$3,000 ($720 payment arrangement) + +Water - ~$1,000 ($350 payment arrangement/ it’s a quarterly bill) + +Property taxes - 3 properties owning thousands and thousands. I don’t have exact amount. No mortgages. + +1 property is main residence in my dad and grandmas name. + +2 properties are rentals in both their names -1 rental my brother is living in rent free. I know he needs to get kicked out. The school and municipality are suing) +-1 rental is rented out and tenant is paying rent. That one can potentially go for sheriff sale. Paralegal sent documents for unpaid county taxes and giving until May 20th to start payment arrangement + +Medical bills - pending insurance. His regular plan out of pocket max is $7,000. That is being terminated today and Medicare part A is kicking in. I am assuming this is not transferring to my mom. + +[Adding that my sister (17 now) is living with my mother. She has a job and saved up quite a bit but I don’t want her to start paying for things. + +My brother and mother hate each other too so moving them in together is not a good option. My father basically kept him out of jail. He has a huge drug and alcohol problem] + + +He has no retirement and saving. He has no will. SSI payout may be $1,070. My mom is 62 and I’m under the impression she can get his SSI until 65? + +Yes, I am living a nightmare and no I’m not ok. Yes I see a therapist. My work is extremely understanding. I have like 25 days of sick time accrued. I have a feeling I will need to take FMLA to help sort this. Thank you for reading I’m sorry this is a bit of a mess. +Hi, + +I have made some poor financial decisions and was not able to save much.Currently I’m looking to starting my dividend investment and was looking for option to invest. Im +planning to invest on voo/vti,Schd along with other tech stocks such as msft and aapl. + +Currently I’m planning to investment at 2 to 3k per month. What will be best options for long term? + +Apologies if this question has been asked multiple times. + +Thank you +“The economy is strong”… no it isn’t, your money printer is strong. Someone asked “what do you plan to do about the rising inflation for individuals dealing with prices everyday?” He goes “I’m old enough to know about high inflation and we will fix it”. He should have said, “Well I don’t have that problem of worrying about the price of things because I make a lot of money, So I don’t give a fuck!”. Fuck this guy, our economy is full of shit. HODL UNTIL THIS SHIT GETS FIXED🚀 + +https://www.cnbc.com/2019/12/19/heres-where-the-wealthiest-investors-are-finding-opportunities.html?utm_source=www.google.com + + +The break down is 29% in real-estate, 24% in private equity, 21% in public equity and the rest in fixed income (10%), cash (12%) hedge funds (3%) and commodities (1%). +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! +I'm personally extremely bullish in AAPL. + +Here's the shortest TLDR I can give: + +* Market has a textbook Elliott Wave 1-2-3 on a daily chart, and is putting in a textbook triangle of the 4th. +* Our most recent smaller move, on a 2h chart, retraced to a perfect 61.8% golden zone. +* Volume is decreasing through our triangle to verify it. + +I'm personally targeting upwards targets of 150 on AAPL somewhere in the next \~6 weeks. + +If you want to hear more about my thoughts, I have a video that goes way more into depth! Feel free to check it out: [https://youtu.be/yyS5otxg0H4](https://youtu.be/yyS5otxg0H4) +Sorry am an amature. What is vwce? Is it safe to invest in it? Can i add a monthly amount into it? How are the returns? What other options do i have for a monthly investment? +Hello. + +I am currently based in Bulgaria and I am looking into starting a retirement portfolio. + +I chose Interactive Brokers. + +I would like to keep in fairly simple an so far I am leaning towards investing monthly in: VUSA (40%), VWRL (40%), EQQQ (20%). Do you guys think I have made a good choice or there are smarter ways to go about it? I know it's heavy on the US market, but I am not too worried about that. Or should I be? + +Thank you in advance. +Hi all, I am looking at investing a lump sum for long term, still debating with myself if accumulating or distributing ETFs. Maybe some fellow Romanian would be able to help me decide which type of ETF is better with regards to taxes. + + +The broker is InteractiveBrokers, as I said am based in Romania. + + +I am looking for 65-70% developed countries, 20-25% emerging, 5% gold, the rest cash (if there's anything left). + + +I would appreciate some feedback for my percentages and the recommended tickers. + + +Thank you +I'm going to med school which is a 6-year program where I'm from. This will cost me a total of about 20k. Monthly expenses such as food and bills are covered by a separate stream of income (300.- per month). Which leaves me with around 30k to spare for holidays and additional expenses for the next 6 years. Keep in mind that I probably won't be able to work for the next six years as med school is going to be very time-consuming. I have thought about putting some of this money in an index fund but I wouldn't know how much of it and if it is even worth it considering the short time horizon of 6 years and the lack of additional income. +Hello all, first time poster, long time lurker. + +Is anyone else on here a barefoot blueprint member? I was shocked to receive the email yesterday and be notified it is closing down in 12 months. + +The service has been extremelly valuable to me. As a blue collar worker, the share insights and general financial advice have made/saved me a small fortune over the last 7 years. + +The Blueprint closing does leave me in a sticky situation. I have 8 of the stocks recommended, and Scott and Mikes valuations/company updates were my barometer of how the companies are performing. I'm not sure if I should take my gains and invest them into more index funds now that I've lost my most reliable analytical resource. I'm not sophisticated enough to analyze them myself. + +Any thoughts/comments would be appreciated. +Air France - 17.8% + +Lufthansa - 19.07% + +RCL & CCL Futures - Both over 20% up... + +What is this madness, the day after US bans travel to Europe and coronavirus close down accelerate. + +It's almost nonsensical now. Don't fall for this bull trap. It will be tempting but just see how companies which will face massive material losses are going and you can see this is a senseless rally. + +&#x200B; + +Edit: + + +AAL up 10%. another airline with international routes hit hard.. + +Boeing up 11.7%. who are still not getting much progress on the 737 plus same problems as airbus. + +Airbus up 7.4%. who are having contracts for plans cut or converted everyday. + +Ferrari up 14% who have just had f1 possibly off till july. + +Juventus up 20%... a team which is going to lose millions from season cancellation, shirt sales, player values and wages. + + +All companies with massive losses in this situation. +Hey all, + + +Prior to their ban earlier this year, i was making a good living on binary options, primarily USD/JPY, GOLD, GBP/JPY & CAD/JPY. However, i am looking into forex. I am not sure how to wrap my head around leverage. Can i trade without it? What do i need to know regarding leverage? Seems dangerous, especially since i am unfamiliar with it so far. + +Thanks! +Hello, + +I wanted to write this post because I see a lot of people saying things like "I went from $1,000 to $10,000 overnight, is it likely to happen in a real money account also?". I just want to share my short story for anyone that thinks it's "that easy". + +I'll give you a little background just for context. I'm married with 3 daughters and we live in Orange County, CA. I went from earning $160,000+ between 2012-2015 to being dead broke and moving my entire family into my Mom's small house at the end of 2015. In October of this year I ran into a good chunk of change which helped us move back into our own house. + +On December 16th, 2016 I found forex. I opened an account at TD Ameritrade in early 2015 because I couldn't open a checking account anywhere (Chexsystems). I received $50,000 from a settlement and deposited the money into the account. One of the customer service reps called me and asked if I wanted to invest the money... I told her I would think about it and she directed me to their ThinkorSwim app. + +I saw the returns some people can make trading forex so I rushed to my computer, opened thinkorswim and started the demo account process. I adjusted the demo balance to $50,000 and started trading. The next morning I couldn't believe my eyes, I was up $40,000 (demo lol). Obiously screw the demo account, I found my new occupation! + +I did an online transfer for $40,000 and started firing away at every currency pair that ticked. + +Here I am 2 weeks later... Thinkorswim shows a Forex buying power of $3,785.00 + +Take aways - I should've followed people's advice of waiting a bit and trading with a demo account. I should've done a lot more research on the spread and also risk management... I was trading 5-10 lots of EUR/USD and instantly reversing my position when I would be -$300 because I was scared I would lose the money. The spread can be a killer when you have no concept of risk management, holding a position and the market instantly moves the opposite way after you press "confirm trade". + +I don't really know why I made this post. I guess I just wanted to type it out since I can't bring it up with my Wife. I'm going to have to figure out how to slowly build this balance back up since I only have 4 months of rent saved in our account and mortgage field is relatively dead right now. + +Any insight on making 4000 pips in the next 3 months would be greatly appreciated! ;) + + + + +I never intended to make this project public but thought some of you would be interested. + +[BlueBot](https://github.com/cobyeastwood/BlueBot) is a pure Go implementation of a self-trading stock bot. The project comes with built in stock screening and metric collecting functionalities. + +I came from a finance background. Got introduced to programming about two years ago - figured I could make something of both skill sets. + +I am completely open to feedback. I will be keeping this project open source so don’t sweat if you want to build off of BlueBot. I hope to add some new features soon for an enhanced trading experience. +Apologies in advance for how crassly curious this post is! But if you are so kindly inclined, could you please share a) what you do b) how long you’ve been doing it and c) how much you make from your small business? + +I am thinking of transitioning to self employment and I have a few avenues I could go down with my pretty diverse skill set. + +But it’s infuriatingly hard to figure out the annual income and profit potential for small business owners. I know it will be highly variable from one person and business model to the next but I’d at least like some very approximate figures to aspire to. If I wanted to switch jobs I could easily research what salary I should be aiming for, but as a wannabe entrepreneur it’s all such a terrifying unknown out there! + +THANK YOU if you are sweet enough to answer this very nosy question! +The current market seems to be largely driven not by organic buying and selling, but by exchange driven manipulation of the spot market to exploit the current dynamics of leverage trading. We just saw it again now as they liquidated 3K longs but you [can see this pattern of clear manipulation over and over in the last few weeks ](https://i.imgur.com/LpgnksQ.png). + +We have seen several forces set an incentive for exchanges to do this: + +* Consistently declining volume - this leads to lower total fee revenue for exchanges, and an incentive to manipulate the price in order to earn revenue through liquidations rather than trading fees. + +* Move towards more leveraged positions - both leveraged shorts and leveraged longs are [at or near record levels.](https://i.imgur.com/ljSohM5.png) Shorts especially have gone from 8K outstanding in January to 33K right now, a whole tripling in outstanding positions. + +* Move away from the spot market and towards derivatives - Anybody who has been checking [the combined orderbook](https://data.bitcoinity.org/markets/books/USD) over the last few months has seen Bitmex completely take over the market, while GDAX, Bitfinex, Gemini and others see consistent declines. I've noticed myself an increased interest across the Internet on how derivatives work and anecdotely I have seen more people move away from the HODL meme and towards trading taking high margin bets with a portion of their stack. + +Some exchanges like Gemini have reacted to all of this by increasing their trading fees by 400%. Meanwhile Bitfinex specifically seems to be using its hefty weight to manipulate the price in order to capitalize on the record number of people using margin to bet. + +Both longs and shorts are bets on the price moving up or down and they have a "liquidation price" at which they get liquidated by the exchange, essentially the exchange gets the entire stack they bet with and extracts a high market fee multiplied by the leverage. Since the exchanges know the characteristics of the outstanding shorts/longs, and since volume is low after these pumps or dumps leading to sideways drift, they can essentially engineer movements in price that create income in terms of liquidations. When there are lots of overleveraged shorts, an exchange can pump the price with bots briefly and collect the short position. Same with longs but in reverse, a quick burst of selling pressure. + +You can see this in the most recent pumps too on Bitfinex, where 1K buy orders appear out of nowhere after long sideways movement only to be followed by either sideway movement or slow bleed on pathetic volume: + +https://i.imgur.com/3YaWVBI.png + +https://i.imgur.com/pvpcd7Z.png + +Take a look at the most recent pump up to 7K, it instantanously liquidated about 700 short positions: + +https://i.imgur.com/3sCLEB8.png + +Now this last dump was a laddered 12.5K sell order on Bitfinex that liquidated around 3K long contracts + +https://i.imgur.com/znYyUT8.png + +Bitfinex tends to be where the big money traders move (their minimum deposit is 10K) so even if each long position was only 0.5 BTC on average they exchange would make a ton of money. If you look at the BitmexRekt twitter feed that shows a running list of Bitmex liquidations with humorous commetary, [you will see many >$1 million dollar positions being liquidated during these moves.](https://i.imgur.com/fbeJxOT.png) + +This is what all the "Bart" formations we have seen stem from. Its not George Soros pumping Bitcoin for shits and giggles, nor is it the nebolous "whales". They have no incentive to try and pull off PnDs now that it only leads to either sideways movement or decline after the pump. A PnD only works if the delta between the top of the pump end point and dump initiation point is positive, while now it seems to be followed by sideways movement. Those who do want to bet on further upward movements seem to be doing it off the spot market, using margin with futures and perpetuity swaps on Bitmex. This makes the low volume spot market ripe for manipulation, exchanges like Bitfinex and Bitmex have every incentive right now to manipulate the price. + +Looking back it seems almost inevitable that this would have happened, that traders would try to replicate the gains they saw by buying and selling on the spot market a few months ago by using increased leverage and derivatives. In December and January there were days where your holdings would increase by at least 20% no matter what you bought. Once you experience those 20% daily gains you don't want to go back to a market where it slowly bleeds down a few percent every week, so people jumped in on high leverage short positions to multiply their profit on those single percent moves down. + +For the small time investor there really isn't much you can do to stop this. This is what being part of an unregulated market means, it means that things like wash trading and long/short liquidation hunting is allowed. + +All you can really do if you're a trader is look at the current ratio of longs vs shorts on Bitfinex and be aware that once short contracts become too high its possible that an exchange may pump the price to profit on it, while if the longs become too dominant we may see a dump. + +Edit: Bitfinex, not Bitfenix. + +Balance Sheet is $9,000,000,000,000 and Fractional Reserve Banking Has Ended + +Obviously there has been a lot of talk about the Federal Funds Rate decisions and Quantitative Tightening/Easing, but it's been troubling why more people aren't talking about the Fed balance sheet. + +Back in 2008 when Bernake/Paulsen agreed on terms and congress passed the Emergency Economic Stabilization Act it was agreed that the Fed would buy $700b in mortgage back securities from the banks which led to the Act being nicknamed the "bank bailout of 2008." + +Also at the time it was said (by everyone) that eventually those emergency policies would need to be rolled back. FOMC member Charles Evans said "once the economy recovers and financial conditions stabilize, the Fed will reduce the size of the balance sheet." + +Since then, not only was the balance sheet not reduced, the bailout has ballooned from $700 billion to $9 trillion (43% of GDP). And in 2016 Bernake himself wrote a paper completely changing the original opinion and saying that they would just grow the balance sheet infinitely: +https://www.brookings.edu/blog/ben-bernanke/2016/09/02/should-the-fed-keep-its-balance-sheet-large/ + +Obviously people can see the issue here, what was once considered a $700 billion bank bailout has quietly become a $9,000,000,000,000 bailout and the S&P 500 has been directly 1:1 correlated with the growth of this "balance sheet" amount: +https://www.currentmarketvaluation.com/posts/2021/07/Fed-Balance-Sheet-vs-SP500.php + +Also at the height of Covid in March 2020 the Fed decided to abandon factional reserve banking completely, setting the reserve requirements to 0: +https://www.federalreserve.gov/monetarypolicy/reservereq.htm + +So now that we are seeing persistent and extreme inflation isn't this absolutely a case of taxation without representation? The banks have given themselves $9,000,000,000,000 which required no congressional action and now people are paying for it in the form of higher prices on goods, services, housing, transportation, and energy etc. + +Why aren't more people talking about this, when TARP passed in 2008 it was headline news. + +Credit to u/am-well +https://www.oaktreecapital.com/insights/howard-marks-memos + +For those who haven't come across Howard Marks before - strongly urge you to first read his memos from 2017 (especially "There they go again.. again") and then read the current one +TLDR; my gf is in no rush to pay off (70k) of student loans, while she had a promising career starting at around 90k. She has no nest egg or retirement but isn’t concerned no matter what i tell about financial planning and wants her dream car now. How can I convince her this terrible??? + +My(24m) amazing girlfriend (22f) just graduated college in December and is already making a great salary, but like most broke college kids, she has maybe 5k to her name and a shit ton of debt. Despite this she’s fortunate to have a great job, and with our salaries combined, low COL. + +With all of that going for her she’s adamant about buying her dream car (Nissan Armada) now to reward herself for getting through grad school and landing the job. While she can easily afford the monthly payments, I’ve cautioned her she should wait till she can afford a significant down payment and has maxed her ROTH ( which she hasn’t started yet) and some kind of savings. Nothing I say is changing her mind. While I can’t control her or her money, she’s potentially be throwing away so much money that could be going towards her (or our) future. +News on DOC.V from this morning: + +[https://ca.finance.yahoo.com/news/mental-health-commission-canada-imd-150000551.html](https://ca.finance.yahoo.com/news/mental-health-commission-canada-imd-150000551.html) + +[https://ca.finance.yahoo.com/news/mental-health-commission-canada-cloudmd-150000071.html](https://ca.finance.yahoo.com/news/mental-health-commission-canada-cloudmd-150000071.html) + +In my opinion, telemed is here to stay regardless of COVID. + +Glad to see the government recognizing that most people seek help online anyway, so might as well introduce a credible channel for them to use. + +DOC.V makes up for 5% of my portfolio, and I plan on holding it for the next few years. + +I am interested in what you guys think about the future of telemed and DOC.V. +Pretty new to algotrading and I'm struggling to find an affordable source of data. I don't need anything in real time, I just want historical data that covers price, fundamentals, and dividends (including announcements). I'd also like data for as many exchanges as possible, not just US exchanges. I've looked at quite a few Reddit posts and I keep seeing the same recommendations: + +* IEX Cloud +* Polygon +* yfinance +* dividend.com + +They seem either too expensive, unreliable, or incomplete for my needs. + +I'm open to scraping as long as the source is reliable and not going disappear anytime soon. + +What would be recommended for my use case? Thanks for your time! +I have dug around this subreddit and seen a few anecdotal stories but nothing concrete. + +Has anyone here been having success with a neural network in trading? I'm just toying around with a pretty naive NN I've set up with some OHLC/Volume data and was getting heavy overfitting (as expected). Going to try exploring LSTM networks but wanted to see how others were doing so far. +So, I'm a software engineer, extremely new to algo trading and ocassionally peruse this sub. Nearly every post in here contains criticism or some comment about how someone's algorithm won't be profitable in the long term or just doesn't work all together. + +Am I wasting my time here? Is it futile to attempt to design a profitable trading algorithm without enterprise-level resources? + +Just seems like everyone in here has tried and failed. +Anyone got a good site that lists famous hedge funds past sharpe/sortino ratios all in one place? Which ones have been the top performers over the past few years? + +Thank you +I’m extremely proud of all of my fellow apes who have taken the time to direct register their shares…however the CS transfer posts are beginning to officially choke out the sub. I actually gave up trying to find new or interesting morning DD because there was so many CS posts (again, I’m proud) that I couldn’t find anything new to get my tits jacked. + +I like the stock. I wanna talk about the stock. +I’m extremely proud of all of my fellow apes who have taken the time to direct register their shares…however the CS transfer posts are beginning to officially choke out the sub. I actually gave up trying to find new or interesting morning DD because there was so many CS posts (again, I’m proud) that I couldn’t find anything new to get my tits jacked. + +I like the stock. I wanna talk about the stock. +Wanted to get some thoughts on my current situation and maybe answer questions for other first time home buyers. + +As a first time owner, I bought a SFH in summer of 2020 for 200k with the intention of getting my feet wet in real estate and learning what it takes to own and fix a home. I lived in it for a year and spent $75k in updates and repairs. Career opportunity arose that has led me to renting it out. Currently getting $2050/month in rent with mortgage, insurance, taxes, and monthly expenses at $1250. This feels great but wanted to get other opinions. What should I be planning for as a landlord and what kind of expenses should I be setting aside for repairs or updates? + +&#x200B; + +For those interested, some additional information about my experience. + +* Home is 1930s and I bought it from an older single woman. I searched for a worn-out home in a nicer neighborhood and used Zillows search feature on sold homes within last week, month, 3 months, 6 months, and year to get an idea of market rates in the area for what an ARV would be. I did a home inspection and also did a septic system inspection. Septic system needed a full replacement and home inspection didn't reveal anything that wasn't immediately obvious. I looked up all the homes in the area and pulled permits for those to determine price on some of the larger items as well as Google to get a range of costs and used the middle value to determine offer price. Shoutout to u/nomowo for putting my estimates in a table in the comments below. Goal of purchasing was for the experience and learning so I wasn't as concerned with using the higher estimated values for offers. +* I spent the year doing fixes and updates. Did as many things as I could myself until I had to move and used companies for the larger ticket items. I paid for septic system, complete electrical rewire (house had ungrounded two prong outlets, federal pacific panel, and a cloth wiring), interior/exterior painting, floor refinishing, and roof. I completed kitchen remodel, updating fixtures, laying tile, and landscaping. YouTube has enough information to complete any project you could ever want to do. Just make sure to watch enough videos and read the comments so you know which are crap and which are good. +* See post from u/nomowo for easy viewing of breakdown. Total spend was $73k. Comparing estimated vs actual you can see I omitted some projects and didn't do some others. I can in pretty close to the middle estimated cost so am overall happy. If I were to do it again knowing I would rent from the start I would have done some things different. I sodded the lawn and would seed it next time. I purchased new appliances and would use Facebook Marketplace. If you're patient enough you can get some pretty incredible deals. I got a complete kitchen cabinet set for free that were 3" too tall for my room. I ended up selling them for $800. Plenty of deals on appliances, furniture, patio sets, etc. I got several pieces of furniture, patio sets, fire pit, and grills all for free that I resold later. + +|Total|\*\*\*$73,223.10\*\*\*| + +&#x200B; + +* I used [apartments.com](https://apartments.com) to rent the home and have mixed reviews about it. It was pretty intuitive to use and straightforward. I decided on this site because of it's background checks and ability to manage payments and track expenses. I posted a for rent sign in my yard and got \~10 interested people within a day. I didn't need to use [apartments.com](https://apartments.com) for tenants because they all came from my yard sign. I did have the tenant apply and sign up through [apartments.com](https://apartments.com) because I want to test its functionality in case I get more properties later. I used their lease generation and was not impressed with it. You answer several questions and input the lease duration and amounts which they populate into their standard template. Some of the questions they asked, such as is smoking allowed, didn't even get added into the lease. There is an option to add addendums and special circumstances so make sure you review the lease before you send to renters and update if needed. + +Happy to answer any questions anyone has and get your feedback on my experience. + +&#x200B; + +Edit: Thanks for the comments! I removed the tables for ease of viewing. To address some of the comments and questions. I went into this with the expectation to have a learning experience as a first time home buyer on a (relatively speaking) cheap home and break even. Goal was to better prepare myself for my next home and get better at the process, assuming a more expensive home is in my future. + +Now that I'm hooked on real estate, I'd like to learn where I can make better decisions to make a profit. What are good ranges for CoC, cash flow, and cap rate in the current market? Is one a better metric than others when evaluation real estate investments? I'm looking to do more buy and rent compared to flip. + +ARV is around $300k. If i were to go into this with the assumption of renting, I would certainly do different things. I could have eliminated most of the interior costs by just not refinishing floors and doing interior painting myself. Appliances could have been bought used instead of new stainless steel and saved \~3k. With the exception of tree trimming since they were overgrown and touching the roof, I could eliminate nearly all landscaping costs. Now that I have the equipment, that would also remove a good chunk. I believe the other updates were needed based on the condition they were in. This would bring down costs to \~$50k. How would this impact the analysis? + +&#x200B; +Looking into single family homes in the 300k range and the rents are nowhere near 1% of the value of the house. Maybe .7% at best. Is this rule for much cheaper places? Are single family homes not as lucrative for investing then? +# [Lucy Komisar and Wes Christian Live AMA](https://www.youtube.com/watch?v=q8-JO3g5bm4)4:30pm EDT _________________________________________________________________ + +# Closing this thread 15 minutes after the AMA +### UNITED STATES + +* [**Mortgage** **rates** hit their highest level since 2011 ](https://fred.stlouisfed.org/series/MORTGAGE30US) +* [Investors are embracing **junk** **bonds** again](https://www.bloomberg.com/news/articles/2018-11-08/etf-investors-feast-on-junk-after-midterms-amid-hunger-for-risk?utm_content=markets&utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-markets) +* A sign of a strong labor market, Americans receiving unemployment benefits hit its lowest level in 45 years +* [Futures are down](https://www.investing.com/indices/us-30-futures) so it's probably going to be a bummer of an opening this morning +* Construction of the **Keystone** **XL** oil pipeline\\was halted after a Federal judge ruled that the US government failed to complete a thorough analysis of the project’s environmental impact  + +### OTHER + +* **Mining** activity in **South** **Africa** declined for the year  + * and output of **gold** sank to a 4 year low +* **Oil** continued its descent and officially entered bear market territory +* **New** **houses** are being built in **Canada** as home prices fall   +* Swiss bank **UBS** is being sued by America's Department of Justice for allegedly misleading investors over the quality of residential mortgage-backed securities before the financial crisis + +### CHINA + +* **Consumer** **inflation** moderated to meet expectations (Actual 2.5% | Expected 2.5%) +* **Single's** **Day** is on Sunday 11/11- a Chinese version of Valentine's day, but for single people that features Black Friday style shopping mania - has seen daily sales records for **Alibaba** every year. They had $25bn in sales on Singles Day in 2017 +Everyone is excited about house prices falling by a few %, but what difference does that make when everything has doubled in the last few years. + +Especially when real wages have been the same for a long time. + +5-10% fall doesn't really make a difference. + +EDIT: Thanks for all the comments. I agree that if prices do fall 30% over 12 months it will be a different story. Although I believe property is overpriced I doubt it will happen. +Also agree with others that spending your time doing more productive things like culture/ art/ innovation would be a lot more useful for your life and society than speculating on property, but that's a discussion for another time. +I don’t know who out there needs to hear this but, it’s not only OK to change your mind about a position, it can be a characteristic of a very smart trader. Those guys that short the market over and over since 2012 because it’s a huge bubble that has to pop? They can’t change their mind, and it’s costing them tons of money. + +There’s no need to ride a position all the way down to your max loss if it doesn’t sit right with you any more. Take it off, and your head will be clear again. You can always get back if you want later. + +If you’re banking on some fundamentals based thesis, take a step back and ask yourself if you are truly correct, and what it will take to get you to change your mind. If you will never change your mind, that’s a red flag. You need to know how you will not go bankrupt as you wait for your thesis plays out, and what happens if it doesn’t. + +After all, the most important question in trading is not what positions to enter and when. It’s what happens WHEN you are wrong. I can’t believe all these Reddit people selling naked puts for instance. If the market takes a nose dive their face is going to get ripped off. Bye bye premium and then some. There are ways to hedge that risk they should be using. + +Anyway, ripping the band aid off and admitting you were wrong is much less painful to do earlier on. So always be asking yourself — if this position is losing money... directly or by opportunity cost... why the hell am I still in it? + +Anyway, I hope this is helpful. The reason I write is that I went to cash for a % of my portfolio in March due to fear. That was a costly mistake, but I realized shortly thereafter that I was likely wrong and the market would probably go back up. I switched sides, never looked back and now at EOY the loss is minimal. +deleted post in question: + +https://www.reddit.com/r/CryptoCurrency/comments/md55u9/if_youre_a_noob_you_need_to_be_buying_ethereum/ + +They've deleted it TWICE now. It was the #1 post on their subreddit. + +I can't find a copy of what it said anymore (because those crazy mods keep deleting it) but it literally just talked about how Ethereum is undervalued. THATS IT! + +Seems like some mods over at /r/cryptocurrency have a problem with ethereum. +Which stocks should I dump ~$600k into to produce a monthly (or quarterly) dividend that I can live off of in retirement (assuming no other source of income)? I have heard of master limited parterships and REITs but any concensus on a good basket if I primarily want this to be income? Aiming for a yield of 10% or higher. +Hi all, +Just wanted to share my story to illustrate how important it is to stay the course. + +I used to be a volatility trader. That is, up until 2 days ago. + +For those of you who are unacquainted with the short vol trade, it's essentially a bet that the S&P 500, the heart of the US economy, will stay calm or regain equilibrium after a shakeup. It's amazingly profitable due to the natural mean reversion property of the VIX, and tailwinds from the way several of the volatility ETPs are structured. Sounds solid, yes? I thought so too. + +100% of the time in the past, after a volatility event, products like XIV and SVXY would suffer a large drawdown, and then after some resolution is reached with the original catalyst (or enough time has passed, volatility gets crushed). VIX futures begin to fall soon after to catch up with spot, and within mere weeks, XIV/SVXY recovers to its original price and then some! So, buying on these dips and holding until a recovery became a rudimentary strategy that piqued many others' interests, and spawned a plethora of well-backtested indicators, algorithms, systems, a subreddit, really an entire community. For many of us, including myself, our systems *were* the hedge. + +The last week or two, volatility had been steadily rising in response to multiple recent events, and so I averaged down exactly as how my strategy would have me do, buying large chunks of XIV at what seemed to be support points. By the time XIV was down to 122, I had run out of cash. I was all in - not that it mattered, of course it would recover well beyond where it started - after all, it has done this *every single time* since the introduction of VIX futures 15 years ago. To be fair, there were some warning signs such as an objectively terrible futures curve shape and the volatility of volatility products themselves. I had overridden those signals in my system to chase the dip, against my better judgment! + +All that changed Monday afternoon, right after 4 PM. The price went from 99 to 20, all in a matter of 15 minutes after the closing bell, where no stop loss could have helped. The indicative value of XIV was reported as being 4.22, an absurdly low number we all thought was a mistake at the time. Turns out there was no mistake. Both Feb and March VIX futures spiked up an unprecedented 110%, which never even happened during the Great Recession. This basically destroyed short vol products in one fell swoop. My final losses were 97%. + +After I calmed down enough to think straight, I did some back-of-the-napkin math. If I had simply taken the chunk of money earmarked for active trading, dumped it into VTSAX, and forgotten it existed, I'd be up $25k right now. Instead, I'm down $56k. More than an entire year's worth of working hard and frugally saving, obliterated. 8% erased from my FI/RE progress. + +So, there you go. As far as traders go, I'm probably a fair bit more sophisticated than your average mom-n-pop trend chaser. I had deep knowledge of the products I was trading. I've done my due diligence on the risks, created a risk model, quantified them, used that to create a system... but in the end, none of it helped. + +I still don't know where I'm going after this. Short vol is still a solid trade but it became immensely more risky in my eyes now since as the tail risk exposure feels much more real. I expect the volatility complex itself to stay more volatile until the trade gets less crowded, and the market as a whole becomes healthier (consider that 74% of growth in the past 9 years came from corporate stock buybacks, purchased with money raised from debt offerings, only made possible by the absurdly low interest rates). + +What should most people take away from this story? + +**The stock market will shit on your face when you try to get smart with it. Buy VTSAX and forget anything else exists.** + +For myself, I don't know if I can go back after being redpilled. I'm considering a core position of 80% /ES and 20% /ZN futures, rebalancing on a regular basis, and substitute with UPRO/TMF in places where I can't do futures. I think my volatility trading system still has value, but I would use it with MUCH smaller allocations and hedged with far OTM VIX calls. + +Thanks for listening. + + + +**EDIT:** + +Thanks for all the comments and feedback everybody. I am a bit thrown off kilter by how unsupportive the majority of comments are... I'm just trying to show people what could happen if you get too cocky and greedy with a high-risk-high-reward trade, and that it's definitely not for everybody. I just lost a ton, I realize I made mistakes, can you get off my case now? If everybody who posts a cautionary tale gets insulted and downvoted they might as well not bother posting at all. + +- Many are saying the strategy was fundamentally stupid to start with, but I feel like they literally don't understand the mechanics behind the trade and how to hedge risk. I guess you think Citadel/Two Sigma/Jane Street/etc. are all stupid too? Look up who the top holders of XIV were. I keep using that word 'hedge' over and over again, but, that was really the only thing needed to turn what was a total blowout into a minor setback. + +- Another misconception people keep saying is that the prospectus plainly states the long-term EV of all volatility products is 0; keep in mind I do not hold these things long term. I knew this, but XIV/SVXY aren't as much of a hot potato as you might expect due to the way it works and some properties of its underlying holdings, e.g. the lag between a spike in spot vix and a respective rise in the corresponding futures. A key to this is because of greed I ignored the warning signs. + +- Stop losses don't work overnight. The reason for not getting out before EOD is because you'd otherwise be missing out on the majority of the movement which kinda defeats the purpose. + +- Risk management is key, obviously. My allocation was well justified; following the Kelly criterion would have me all-in, even when overstating the probability of a total loss. The amount I lost hurt for sure, but it was the tractor, not the farm. +I'm reading through some material about the supply chain crisis this weekend: + +* [Flexport CEO on how to fix the US supply chain crisis](https://twitter.com/typesfast/status/1451543776992845834) +* [Long Beach has temporarily suspended container stacking limitations](https://twitter.com/typesfast/status/1451673736877428742) + +Would love to hear your thoughts on: + +* Do you see any path that this can get resolved quickly? Wouldn't the Christmas shopping make it even worse? +* How big of a risk is this for the economy and the stock market? +* Do you make any changes to your portfolio based on this? +For months capital one has been sending me a credit card application saying they would approve me if I fill it out. The credit card seemed to be a pretty good deal when I read all the information about it. I'm 23 and I do not currently have a credit card, though I've had one in the past. I figured i should get another credit card to boost my credit score. Couldn't hurt. I finally signed up for the card and I got denied, yet they still keep sending me more and more applications month after month. + +Does anyone know why they could be doing this? +Edit: so I've learned that it might not be restricted to 68, as I learned from the documentation when I started my job. That would change things, perhaps. Thanks for the useful comments everyone! + +At 40, I got my first job in the UK. My pension contributions were about £200 a month. I looked into it and it won't start paying until in 68. I thought a) that's already pretty old, and b) I'll probably be able to figure out a passive income by then, so I opted out and put the money in a s&s isa instead. Even though I know I miss my employer contribution, I'd rather have the money in my pocket now. + +Is that terrible reasoning? +I think one thing I am really good at is projecting thoughts as my future self. While on this journey to FI, sometimes the $5 here and there, I think to myself, add up. I found myself sitting on my front porch tonight, looking at old photos of my almost 2 year old daughter on a carousel thinking "If i was 50 years old, I know I would give $1M just to have one more opportunity to spend $5 on a carousel ride with my baby". + +Just one of those finding value in making memories from a dad who is already missing what he currently has. +I think one thing I am really good at is projecting thoughts as my future self. While on this journey to FI, sometimes the $5 here and there, I think to myself, add up. I found myself sitting on my front porch tonight, looking at old photos of my almost 2 year old daughter on a carousel thinking "If i was 50 years old, I know I would give $1M just to have one more opportunity to spend $5 on a carousel ride with my baby". + +Just one of those finding value in making memories from a dad who is already missing what he currently has. +I don't want to go to Fair Work as the business owners in question have been nice to me. However, this is the second month they've been underpaying me. + +First month, they paid me the wrong rate. When I pointed it out, they said they'll amend it. Second month, they've paid me for half of March - with no indication when they'll pay me the other half. + +I've asked my friend and he thinks the lack of payment is due to the business struggling. In that case, I sympathise with them but I still can't continue offering my services for 50% off. + +Does anyone have any advice on how to diplomatically approach this issue? + +Thanks +Edited: +No updates yet. We don't know if she has cashed the third check, or if the two deposited checks have returned. +My SIL told me she is going to handle the situation. Hope to hear some news soon. +My in laws are successful people who own their own home and have a good retirement income. I have no idea why she is doing this. I have a few suspicions of why so maybe this will open the doors to discussions about her mental state. There has been some other bizarre behavior over the last year. +Yes my husband has mother issues. It's long and complicated. He told her it was a scam and she immediately berated him, so he backed away. He said it's pointless and I'm wasting my time as she is going to do whatever she wants in the end. He handles her by disengaging. She is an absolute terror when people disagree with her/tell her she is wrong. He can't handle conflict. + +No we are not going to have to support them. They have savings they will have to use to pay the bank. They both worked hard all their lives and are not in need of extra cash so we all find it extremely bizarre that this is happening. And super sad they are throwing money away. I hope they don't wipe their savings out but I've come to terms with it. They will just have to learn a lesson. They are not desperate for money at all and they live a pretty carefree life, so if they have to scale down it is not going to have them at the food bank. They can get a loan/mortgage their house if needed. I'm not paying a dime for this ridiculousness. + + + + + +My MIL is the victim of a gift card scam beginning on Friday. She said she was contacted by a company who liked her reviews online and wants to pay her to mystery shop. She received the first check on Friday for $2200. She deposited the check, withdrew cash, and purchased $1800 worth of eBay gift cards which she said she mailed to the salvation army. She got to keep the rest of the money for herself if she bought $50 worth of items at Walgreens and wrote a review about it. +Monday, she received a larger check. Same scenario. I found out about this last night. She has deposited over $5k in checks, purchased $4200 worth of gift cards in cash and mailed them to the "salvation army." +By the time I found out, it had already been done. I explained to her that the checks are going to reverse and she will owe the bank $5k plus. +She does not believe me. I begged her to contact the bank asap and she became angry and won't speak to me anymore. +My husband handles her with kid gloves, so she told him today she received another check and plans to cash it. + +Could I call her bank and explain she is being scammed and doesn't believe us? Could she get in trouble for fraud? Would the bank even take me seriously? + +I'm sorry, I am not thinking straight. I am so upset. This is going to cost my in laws their entire savings if she continues. +We live in a rural area, it is a local bank and not a national one. It will take longer for these checks to clear. I am just sick. +I get it + +We’re a bunch of retarded assholes and autists +But we used to make fucking $30,000 on a play and give like $1000 to a charity + +That was peak WSB’s + +Come Monday I’m opening more SPY put positions and closing the ones I’m holding right now in profit + +I’m gonna be donating some of it to the St. Jude + +If I’m gonna be retarded and yolo and win + +Might as well give something back + +WSBs used to do this shit all the time, no clue why we stopped + +Edit: Gold and Silver? Awww You guys shouldn’t have. No really. Save your money and buy puts. +Hi All - I did it - I bought a house to live in. Despite all the negatively and uncertainty about this crazy housing market - I wound down my holdings in cash and stocks, bailed the rental market and bought a house to live in. + +I joined the crowd we all love to hate and am now in massive debt with the rest of those idiots. + +Let's see how this goes! +I just started at a new company a couple of months ago. Our team is fairly ‘new’ as there are a lot of new additions including myself. All of us are remote so we live all over the world. In order for us to get to know each other better, our VP decided to have us do an offsite for brainstorming and bonding. This trip was Monday - Thursday (yesterday). + +I need to preface this that sometimes when I travel, I don’t go number two for awhile. So this trip, we are eating what feels like every few hours. I’m getting bloated. My work clothes aren’t fitting. Somehow I still get hungry and continue to eat when offered food. Well yesterday morning, my final day, we are workshopping in our SATELLITE office. Tiny office. One bathroom for both genders. I truly do not have any sort of impending doom and think I’m going to pee or I would have made my way to the hall to use the building restrooms. But no. I end up giving birth to at least a three pound 💩 I plug the toilet. Not just plug, but my attempt at a second flush has deep brown water to the rim only being held in by the crazy bubble physics of water. + +I am literally 8 feet from my team of 10 brainstorming who all, at any point, could have their coffee kick in and feel the need to use the restroom. There is no front office staff so I lock eyes with the first local employee who happens to be Head of the f*cking Transformation Office. I ask her if there is any office staff hoping she would direct me to another human but she asks what I need. I’m forced to tell her that I need a sharpie, paper, facility maintenance, and why. I’m talking fast and constantly looking behind me to intervene anyone trying to use the toilet. If they did, they would find a toilet with no lid which just puts the whole horrific scene on display. + +I try to blame it on a potential previous user plugging up the toilet before but I can see she doesn’t believe me. I need MOASS so I never have to work with her, her team or go back to that office ever again. + Pending sales of existing homes of all types in April – contracts on houses, condos, etc., that were signed in April but that haven’t closed yet – collapsed by 33.8% from April last year, after having plunged 16.3% year-over-year in March, with the index plunging to 69, according to the [National Association of Realtors](https://www.nar.realtor/newsroom/pending-home-sales-slump-21-8-in-april). + +Pending sales are an indication of what closed sales will look like a month or two down the road. So this is an indication of the direction that May’s closed sales are heading into. + +We already know how pending sales in March translated into closed sales in April. Pending home sales for March had plunged 16.3% year-over-year. And on May 21, the NAR reported that closed sales in April plunged 17.2%, the [sharpest year-over-year drop since August 2010](https://wolfstreet.com/2020/05/21/median-home-price-does-classic-head-fake-as-home-sales-plunge-and-condo-sales-collapse/), during the Housing Bust. + +Based on this relationship, closed sales of existing homes in May might be down by 30% or more, year-over-year. This will be reported in June. + +The plunge of the pending home sale index differed by region, ranging from a breath-taking collapse of -52.6% in the Northeast to a plunge of “only” -26.0% in the Midwest: + +* Northeast: -52.6% year-over-year to an index level 42.6. +* Midwest: -26.0% year-over-year to an index level of 72.0. +* South: -29.6% year-over-year to an index level of 87.6. +* West: -37.2% year-over-year to an index level of 57.1. + +When sales volume collapses to this extent – no matter what the market is – it changes everything. It represents a market that has essentially frozen, with few buyers and few sellers, and lots of uncertainty. This is what happened in many other markets in the US, including otherwise very liquid markets, such as the wholesale market for used vehicles. + +In May those markets have begun to unfreeze. Market participants have figured out how to deal with the requirements of social distancing. Keeping everyone reasonably safe during a pandemic that has already killed over 100,000 Americans in less than three months is a primary objective. + +In the housing market, this has led to a change in the way business is conducted, including forays into accepting technologies, such as virtual open houses. This technology has been around for long time, but the pandemic pushed it into the foreground – like so many other technologies in so many other industries. And people are finding out that it sort of works. + +But the market is facing ferocious headwinds, including 31 million people now collecting state and federal unemployment insurance. + +More mass layoffs by big companies are announced every day, such as American Airlines’ message to its employees late Wednesday that it would cut its management staff by 30%. Delta came out with plans today to shed staff via early retirements and buyouts, along with Chevron that said it would cut up to 15% of its global workforce of 45,000 people, and Boeing which said it would cut 7,000 workers. Just one days’ worth of work, so to speak. + +These are not restaurant jobs. These are jobs that come with good paychecks and benefits. + +And this constant flow of announcements does two things: It creates uncertainty among potential home buyers that kept their jobs; and it removed potential home buyers from the market that have lost their jobs. This is a gigantic unemployment crisis, interspersed with a tsunami of bankruptcy filings, of even large companies such as Hertz, each accompanied by more layoffs. + +Eventually – next week or next month or whenever – the job losses will end as more workers will return to work, and employment will start to rise, but from abysmally low levels, and even after rising for a while, employment will still be abysmally low – just less abysmally low. + +So the housing market – in terms of sales volume – has two separate things to deal with: + +One, the issues around keeping buyers, sellers, brokers, and others safe. The industry is addressing these issues in multiple ways, and is harnessing technologies to overcome the issues, and there is progress, and more deals are happening. + +Two, the employment crisis that has already taken millions of potential buyers off the market. Even people who return to work after a stint on unemployment cannot instantly turn into homebuyers because it’s hard to get a mortgage, right after having been unemployed. + +So volume will pick up some because the immediate issues of the pandemic are being dealt with successfully by the industry; but volume will not return to normal levels until employment has returned to normal levels – and having lost over 30 million jobs so far, this is just going to take a while. + +source: wolfstreet +Why do people invest in mutual funds like small cap funds or index funds. When companies like bajaj finance, asian paints, pidilite give 20-25 % CAGR. sorry if this is a dumb question. Why not just invest in these companies +Analysts don't know whether the market is going to go up down or sideways. + +Classic case is TESLA. No analyst called TSLA at $900 a share last year. Every time TSLA rallied they updated their price target. They litteraly do not know what the fuck is going to happen any more than you or I +Assuming you have one of course, few questions: + +1. How often do they come? Ie once a week biweekly monthly +2. How big is your place? Ie 3br 1800 sq feet +3. How much are you paying them? +4. How long does it take? +My prediction. + +Ethereum will become a name people are familiar with, like Bitcoin is now. + +It will get more news coverage and become more mainstream. + +It will be realised how world changing this tech is, unlike Bitcoin merely being a currency or store of value. + +Newbies and big money alike won't be as afraid to invest in Ethereum. They won't just stick to Bitcoin cos it's the biggest and safest play in cryptospace. Bitcoin will lose market cap rapidly to Ethereum. + +I wish you good fortune in the wars to come. + +https://imgur.com/FK55mVe +We're in the process of shopping for a vacation home and I'm really struggling with both the state of the market and what budget to set. + +Our stats: + +* NW = \~$12M + * $7.5M in Stocks / Bonds / ETFs + * $3.5M in Home Equity + * \~$1M in everything else (illiquid equity, 529s, HSAs, HYSA, ...) +* Cash Flow + * 2 pretty stable W2 incomes combined: Base $480k, Bonus $150k + * Mortgage & Taxes & Insurance on primary home: $7k / month + * Spending outside of housing is probably $12.5k / month +* Probably going to work another 10 yrs. Wife may hang it up in 5 yrs. + +I think we're well into FI range and our desire to keep working makes this tough. Clearly a vacation home is a total luxury, but it is one we can afford. Also, it will probably be our retirement home when our kids are old enough to leave the nest (\~15 yrs from now). When we get there, we'll sell our primary home which won't have a mortgage anymore and add \~$4M (in today's money) to our portfolio. + +I'm thinking we spend $2M - $2.5M. At $2.5M, we take an interest only loan for $1.5M giving us payments of \~$6k all in. We can cover that from our W2 income. We sell $1M of investments to cover the rest and get to the 60% LTV to get the loan. + +We're still saving our bonus money \~$100k / yr (after taxes), maxing our 401ks, and letting our $6.5M compound. + +On one hand, this plan seems crazy as we're spending everything we make (base). We didn't get into the position we're in by doing something like this. On the other hand, if we don't do something like this, we're going to die with $100M and will have missed out on something we've always wanted. + +Thoughts (especially if you've gone through similar calculus)? + +P.S. Don't try to talk about why we want a vacation home. That thread is already been covered. We've evaluated the pros / cons and we're doing it. +Please use this sticky to ask questions and to see answers to similar questions you may have. + +Over time we'll be collecting common questions and [adding it to our wiki.](https://www.reddit.com/r/Daytrading/wiki/index) See the [getting started wiki here.](https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading) + +If anyone is new to day trading, I highly recommend reading the [Forex community's wiki](https://www.reddit.com/r/Forex/wiki/index) paying special attention to babypips website which also teaches some general tools you can apply to stocks/futures/etc and especially read the wiki's sections on *risk & money management* that can be applied to any market. + +[Pattern daytrading rules wiki.](https://www.reddit.com/r/stocks/wiki/pdtrules) + +Also see the sidebar (or "about this community" on mobile website) on every related community to learn more about trading. + +Here's a list of all the [previous question stickies.](https://www.reddit.com/r/Daytrading/search?q=author%3Aautomoderator+title%3Aquestions&restrict_sr=on&include_over_18=on&sort=new&t=all) +I'm a bit new to this, and I just want to know how you guys actually find your penny stocks, and then how do you separate the ones worth investing in? Do you just find a stock at random and then research it? +https://www.timeshighereducation.com/student/best-universities/best-universities-uk + +Why does it cost £9250 to go to the worst uni in the country (joint 95), but the same for the top unis? Should low ranked unis be cheaper or good unis cost more? + +It costs £20/£30 for a burger at a posh restaurant but 99p for a cheeseburger at mcdonalds. +There’s something I’ve thought about on and off for a little while. + +With the direction my career is headed, I see the ability to arrange things in such a way that I could do a large chunk of my work remotely. I also have a dream of eventually living in a mountain village. But, the place where I will likely be spending the rest of my career is about an hour down the mountain in the valley. + +So I’m considering what the turning point would be. Any decision to buy something up there is realistically years away, plenty of time to consider upsides and downsides of actually being there. In the meantime, what would I consider to be little enough commuting to be worth it? 5 days a week commuting? Nah, for me that’s too much. 3-4? Not sure. 2 days a week? Now I am interested. + +For me, it ties into desired lifestyle. Plenty of us on here are not wanting to stop work entirely, just have the freedom to get a better work/life balance. I had been thinking in the past in terms of ‘where would I live when I retire?’ Instead, if work is arranged well, I can get the benefits of the retirement location even earlier. + +What would it be for you all? To live in your desired location, what would work have to look like for you, and how much would you be willing to commute to get it? +Title. + +It's not beyond unreasonable that analysts at whatever financial news outlet have already bought bitcoin. Kramer previously had 10% of his portfolio in gold, then after talking to anthony pompliano he changed that to 5% bitcoin and 5% gold. Why bring up Mad Money host, Kramer? Cuz he shilled companies that were going bankrupt during the 2008 financial crisis. + +How are youtubers similar to "journalists" in this space? Both make money from you clicking on their content... + +**Right now I really believe the most important information any of us could have access to is the list of people and companies they represent that signed up to Microstrategy's "bitcoin for business" webinar.** + +EDIT: With regards to "bitcoin supercycle" theory... I think the chances of that happening are slim, but I put it at about a 10% chance. I am not a financial analyst, but the one thing that I think would definitely speed it up is IF we see lightning adopted faster - and that takes taproot mass adoption which *might* become a possibility in November? I'd also like to highlight [this thread](https://old.reddit.com/r/Bitcoin/comments/mminc1/i_work_in_private_wealth_management_in_2017_1_of/) in /r/bitcoin seems useful, if the O.P. is telling the truth. His account is only 3 months old, so you have to take it with a grain of salt... +I just started a new job on a Helpdesk for a large company, contracted through a recruiting agency. Everyone else on the team was also recently contracted through a recruiter as well. I was chatting with the rest of the team and found I am making at least $10 less an hour than everyone else. + +I'm considering calling my recruiting agency and demanding a pay bump, or I will find another opportunity. I could probably just contact another agency and be recruited for the same position. + +Has anyone here had experience with this before? What are my options? + +EDIT: Oh no, I have become the very thing I hate! Sorry for the trending notifications! +I wish I had some better news to tell you guys, but I'm completely convinced Etoro has pulled another tactic to keep users on their platform, while their entire system is rigged. + +First post exposing their possible scam voting website. +: https://old.reddit.com/r/Superstonk/comments/nogle3/i_need_urgent_awareness_that_voting_on_etoro/ + +**First point : Etoro did NOT send out an email to every GME holder. after me and my brother found no email in our inboxes, I went to the GME topic on etoro itself. It's a mix of people who claim they got their link, and people asking where the mail is... I had NO mail.** + +I replied to 1 post and got 4 replies of randoms who didnt get their mail. + + + +**Second point : Etoro gives out this link to everyone on their twitter** + +https://etoro.typeform.com/to/sNbx0cIN#username=xxxxx&email=xxxxx + +The original twitter response from etoro team : +https://mobile.twitter.com/etoroteam/status/1398284381714882563 + +See anything special? You can either enter a random username and email address in that link, or just open that link and enter an email address and user in that form. + +I went ahead and voted with my actual account info. + +I received a message with "Thank you for casting your vote for the GME annual meeting. " + +After this, I went ahead and changed to a secondary email address, with a COMPLETELY MADE UP USERNAME. + +guess what... + +email response on that mail address : "Thank you for casting your vote for the GME annual meeting. ". + + +Not only does this confirm that you can enter anyones email address, or username, but it also shows the risk that if someone else entered your userinfo, or someone - let's say downloaded the publicly available facebook leaked list of email addresses, etoro can have received voting on all of those addresses which would fuck with all results. + +Even if Etoro downloaded the "typeform" database and matched with their database, there is no way in telling if it was the actual user who entered this data. + +I bet my left testicle that etoro won't actually send anything to GME that would be counted as user votes.. + +**Third point**: There is NO control number. Not in any mail, not on their website. The website is a cheap form that they can send out where people enter their mail addresses, but I seriously doubt they'll actually match any of the data. They first of all will have to verify if there is an accountname linked to the email address. +Even if the user entered their username wrong, they got the fucking confirmation mail saying "Thank you for casting your vote for the GME annual meeting. "." . + +**this is fucked up** + +Everyone praising etoro for finally allowing people to vote... it created hype that etoro isn't bad at all.. while NONE of them received a mail with voting info yet. +I'm not saying nobody received a mail in the end, but if they did, it was the same unsecure fucked up link. + +Etoro is just trying to save their ass by keeping everyone on their platform. I'm fucking out.. I don't even believe that me "selling" on that platform actually has an impact on GME or the price of gme. + +I'm gonna spend the money I pull out of etoro instantly on GME shares on my other broker. +I don's see this as selling shares anymore.. I see this as getting out of a fucked environment while I can't even be sure if I own shares. I'm sure I fucking don't. + +Getting out of etoro means selling in this case. there is no way of transferring, which is a fucked element of itself.. You don't own your shares on etoro. + +Unrelated but for me this is a big point : + +**On etoro you don't actually fucking hold your own shares** +You actually own the underlying assets... It's like a paper saying that you have like 15 of etoro's shares of gamestop. It's an illegit IOU of an actual IOU of a gamestop share. + +Final point in me raging at etoro : They fucking **PIN** a post from a random nobody investor for WEEKS right below the GME ticker, which is always negative towards gme. it contains some shitty semi-realistic TA saying it won't reach high numbers anymore, and the best thing to do is sell. +ETORO THEMSELVES PIN THIS SHIT AND HAVE BEEN DOING SO SINCE FEBRUARY. +The posts are and have been reported by thousands of angry gme holders, but nothing happens. + + +Draw your own conclusions, call me a shill, call this FUD, but I'm actually going to sell my "shares" on etoro. They halted trading before, just like RH, and I don't trust these fuckers anymore. + +I am holding XX on etoro, and luckily switched to a more reputable broker after their first shitshow. + + + +**Final note** + +Please, if I'm wrong, in any way, I would love to hear it from you and go into open public discussion. I honestly hope I'm wrong. + + +**Edit : so, seems like many call fud on this post.** +I want you to go ahead and read the T&C yourself. A fellow ape came to the same conclusion about share ownership & what they can do with them. https://old.reddit.com/r/Superstonk/comments/noiqot/guys_i_found_out_something_shady_with_the_etoro/h01f7ir/ + +About the voting : My point remains that the website for voting is VERY insecure and if you type 1 letter wrong in your username you'll still get a "vote successful" email. They MIGHT verify with their database if there is a matching username/email with the voting entries, but to me it seems like they just pulled this together to make customers stick around for a bit longer. + +Their practices have proven in the past that they can't be trusted, so I'm taking my own conclusions and will actually sell what i have on there to rebuy on another broker. I am absolutely convinced that anyone selling xxxx numbers of shares on etoro won't even fucking move the ticker or wouldn't pop up in level2 order book. Prove me wrong... + +Either way, glad this got some traction and might have helped a few apes to realise the truth about etoro. I hope I'm wrong and they'll give your money, but i'm nearly 100% sure they will fuck shit up for many holders on etoro. +my advice ; please get out & before you do, buy the shares you'll sell on etoro on another platform. You'll increase the value of GME and won't slow down any rocket if I'm not mistaken. again, open for discussion. calling me a shill/fud won't help me change my mind.. if I'm wrong I'll gladly update this edit /post. +It seems like the most monolithic disaster lurking in plain sight but almost nobody is changing their activities for it. The 2008 meltdown lost nowhere near the amount of money that this amount of debt must eventually pull out of the US economy. + +edit: Thanks for the responses. I've gained some clarity from some of you. + +The Ford F150 lightning is already back-ordered. Chevy and GMC have electric pickups coming out this year. Anecdotally, I would never buy a Tesla but I'm very interested in the Ford F-150 Lightning. Seems like Tesla has had easy pickings for the last several years. Are those days coming to an end? +Not only is a few % drop normal but when you add the backdrop of the last decade of expansion, it's downright expected. Even a 20% drop now still has us on a great streak over the last few years. +So today all of a sudden Nokia reaches every reddit front page, even multiple posts. What makes me even more suspicious is the amount of awards they got, we know how rare they are here, but every Nokia post here got them and even got mostly the same. + +It is really scarry, I think hedges realised the amount of money floating around these subs and now want to take it from us or just benefit from it. Look at the Nokia Chart, went parabolic last friday with high volume. The accounts of the posters also look super suspicious. + +Maybe this is testing the water for them and the worst is yet to come, but this is a good reminder to never trust someone blindly. I hope mods can do something about it. + + +Edit: Thanks for the awards (am I suspicous now? :D) + +I did not want to say that Nokia has to be a bad investment, just that this pump was very suspicious. If you want to buy Nokia listen to some counter points in the comments and compare them to other 5G players like Ericsson. + +Hello, my boyfriend and I have been saving money for a down payment to buy our first home sometime next year. We each are putting away 1,500 at least per month. We each have some saved already (about 20,000). I have mine money in a high yield savings account and he has his in just a standard savings account. My question is would it be a good idea to combine our money and put it towards a stock for the time instead of just keeping it in our savings? Do you have any recommendations where we can invest our money to save more for a down payment? Any input or advice would be helpful! Thanks in advance. +A little bit about me: Single/W, early 40's and working as a Tax accountant (EA, no CPA) . My net worth includes the apt I'm living in that's paid off. It's FMV is $140,000 + +Will this derail my FIRE journey? How much would I need to make to still be on track? + +I've been feeling burnt out for the last 2 years and COVID has made me really rethink what is important. I've spent so much time working long hours and I need to live a little. I'm thinking about a remote position and moving to a new City (currently live in NY). + +I would prefer not to return to a CPA firm. I would love your thoughts on changing career completely even if a pay cut is involved (current salary is $123-135K). Any thoughts on what I would do and jobs I could look for.....I've been looking to see if anything interests me at Amazon. I have a friend who works there and will to get my resume into the hands of HR. + +It can be tax related but no review or preparation involved. Thanks in advance. + +Signed, + +Burnt Out in NY :-) +And I’m back! One year older, 100k net worthier, and not any wiser. I’ve kept my previous post mainly intact but have made changes in ***bolded italics. All mentions of currency are in CAD.*** + +&#x200B; + +**About me** + +Hi! I’m a ***27F*** CPA living in Toronto, Canada\*\*\*. I wanted to post this to show the non IT people in this sub that there are other careers where it’s possible to increase net worth quickly despite not making 100k right out of school\*\*\*. I’ve always been a saver but I discovered MMM in December 2015 (when I was 24). The realization I could retire at 35 really lit a fire under my ass to save even more and actually invest it. I was working through my CPA at a big 4 accounting firm at the time and hated every second of it. To be honest, accounting is boring and a ‘meh’ career at best, but the money is good so I will most likely stay on this path until I feel FI enough, if not actual FIRE. + +I live in the ~~downtown core of the~~ most if not second most expensive city in Canada, sharing a ***small home*** ~~two bedroom condo apartment~~ ***with my SO that we recently purchased***. I have no expensive hobbies other than travel and lead a pretty ‘boring’ life. I’m slowly getting healthier and into exercising but those things are harder for me than saving money. + +The privilege – My parents paid for 3 out of my 4 years of university. That’s about 36k that I got for free which will never have to be repaid (I asked). That one year and for the 2 years I lived on campus I paid for myself through part time jobs before and during university. I also went back to live with my parents for one year rent free during my 6 years of working, which was a nice boost to my net worth during that time. + +Here are the numbers! + +&#x200B; + +**The goals** + +My spending goal in retirement for one person is $20,000-$30,000 per year (as part of a $40,000-$60,000 spend household). I expect my SO to pay their own way on this FIRE journey. The dream at the moment looks like one year on one year off long term slow travel, most likely for 5ish years of travel. On the off years, we could work, volunteer, whatever. These FIRE plans are not that defined because who knows what I’ll feel like in 5-10 years. + +All else being equal (is it ever?) I expect to achieve the following net worth milestones at the following ages: + +**Annual Spend (individual)** + +&#x200B; + +&#x200B; + +|**Annual Spend (individual)**|**$20,000.00**||**$25,000.00**||**$30,000.00**|| +|:-|:-|:-|:-|:-|:-|:-| +|FI @ 4%|$500,000.00|29|$625,000.00|30|$750,000.00|33| +|FI @ 3.5%|$571,428.57|30|$714,285.71|31|$857,142.86|34| +|FI @ 3.25%|$615,384.62|30|$769,230.77|32|$923,076.92|35| +|FI @ 3%|$666,666.67|31|$833,333.33|32|$1,000,000.00|35| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. + +My flair is based on the first goal - $500k for 20k of spending at 4%. Is that going to be the number I FIRE at? Probably not, given the expectation of a low growth environment in the near future and my young age at the expected time. But it’s a number that I would feel comfortable about enough to shift into something more chill. It’s possible and even likely that I’ll experience the golden handcuffs phenom and stay for a while past that though to feather the nest and add security. + +Future plan/goals – I have no interest in having children, which enables my fast FIRE journey and long term travel plans. I am also lukewarm towards real estate because of the very high property prices in Toronto as compared to rents, and my distaste at paying maintenance fees on condos .AKA if I buy; it has to be a freehold house, which makes homeownership an even more expensive proposition. While Canada is great, it’s also possible that I will be OK with living somewhere else with single payer health care long term (I hate winter), so that’s another reason buying is not high on the priority list. ***So we did buy a house… but it’s a freehold! With a basement tenant unit!*** + +&#x200B; + +**Income history and Net Worth** + +I started my career at a big 4 accounting firm making 45k, then 50k the next year, then 60k the next. These are standard salaries for this job in my city – Toronto. During this time I was renting a place downtown with a roommate or SO. + +After leaving the firm my first job out was at 75k, and I moved to live with my parents for that year. Getting rid of rent was amazing for my net worth. Then I moved to a more interesting job that I thought I would love for 80k and started paying rent again. Now I’m still paying rent, but making 95k somewhere else\*\*\*. Now I’m paying for half a mortgage.\*\*\* + +I do have access to a side hustle that I started participating in around 2016. It’s very CPA specific and involves helping incoming CPAs get feedback for their practice exams in preparation for the qualification exams we have to write in this profession. I think I made <$2000 the first year I did it, but it grew steadily and I made $***20,600*** last year from this. + +My net worth started at -$10,000 on the day I graduated university in the summer of 2013. That debt was owed to my parents for a lavish long trip I took that summer which I repaid in my first year of working. No regrets. After I started working and saving, it began steadily going up. My records are spotty in the beginning, since I was just saving to save. + +&#x200B; + +|**Jul/2014**|**$10,000.00**| +|:-|:-| +|Sep/2014|$16,108.48| +|Nov/2014|$21,146.27| +|Jan/2015|$26,275.45| +|Mar/2015|$30,587.78| +|Jun/2015|$41,766.89| +|Sep/2015|$48,129.09| +|Dec/2015|$54,127.60| +|Mar/2016|$66,790.00| +|Jun/2016|$82,387.42| +|Sep/2016|$93,851.37| + +I reached the 100k milestone sometime in November 2016 at 24 years old, 3 years and 2 months after my first day of work. + +|**Dec/2016**|**$108,566.61**| +|:-|:-| +|Mar/2017|$124,818.16| +|Jun/2017|$137,332.79| +|Sep/2017|$159,339.43| +|Dec/2017|$184,239.82| +|Mar/2018|$196,280.12| +|**Apr/2018**|**$204,157.49**| + +&#x200B; + +I reached the 200k milestone sometime in April 2018 at 26 years old, 1 year and 5 months after 100k (4 years, 7 months after my first day of work). It definitely gets faster (especially if you have year of not paying rent!). + +All else equal and barring a downturn, I hope to achieve the 300k milestone around winter 2019. Depending on the side hustle this year and with my increased income, here’s hoping for Dec 2018 instead of March 2019. ***Well that didn’t work out, but that was mainly because of saving up for the house during the low market in the 2018 winter and the closing costs.*** + +|Jun/2018|$211,046.07| +|:-|:-| +|Sep/2018|$228,258.78| +|Dec/2018|$235,142.81| +|Mar/2019|$278,189.27| +|**Apr/2019**|**$300,030.50**| + +&#x200B; + +***Why the big jumps toward the end there? Bonuses and side hustle money coming through (it comes in large chunks) and the tenant providing first and last helped as well.*** + +***The 300k milestone was reached at the very end of April 2019, one year after 200k (5 years, 7 months after my first day of work). It’s definitely getting easier and easier to amass more money as my income grows and the growth compounds due to the nest egg size.*** + +***I’m hoping 400k comes around the same time next year. Side hustle should be around the same this year but we’re planning a lavish vacation and some minor renovations.*** + +&#x200B; + +**Monthly expenses** + +***This was a major point of contention last time I posted. No one believes I spend so little money but it is what it is folks. I’ve provided more detail this time since 2018 just wrapped up.*** + +For a millennial living in a huge high COL city, I don’t spend a lot of money. This has enabled me to save a ton of money even on my previously medium salaries. + +&#x200B; + +&#x200B; + +||***Total Spending***|***Monthly Average***| +|:-|:-|:-| +|***Rent***|***$13,151.90***|***$1,095.99***| +|***Electricity***|***$328.47***|***$27.37***| +|***Internet***|***$307.53***|***$25.63***| +|***Phone***|***$0.00***|***$0.00***| +|***Transportation***|***$627.16***|***$52.26***| +|***Groceries***|***$1,433.35***|***$119.45***| +|***Eating out***|***$2,090.29***|***$174.19***| +|***Misc***|***$1,581.18***|***$131.76***| +||***$19,519.86***|***$1,626.66***| +|||| +|***Travel***|***$5,031.03***|| +|***Clothes***|***$1,107.15***|| +|***Annual Total***|***$25,658.04***|| + +***I walked to work more in 2018, we had much cheaper internet (we miss you Beanfield), and work continues to pay for my phone. Surprisingly a box of glass in the sky is cheaper to heat than a house, who knew.*** + +&#x200B; + +***2019 expenses to date (4 months)*** + +||***Total Spending***|***Monthly Average***| +|:-|:-|:-| +|***Rent*** /***Mortgage + Property taxes***|***$4,589.41***|***$1,147.35***| +|***Electricity + gas***|***$274.35***|***$68.59***| +|***Internet***|***$168.46***|***$42.11***| +|***Water***|***$69.70***|***$17.43***| +|***Insurance***|***$330.96***|***$82.74***| +|***Transportation***|***$447.93***|***$111.98***| +|***Groceries***|***$395.19***|***$98.80***| +|***Eating out***|***$578.21***|***$144.55***| +|***Misc***|***$688.05***|***$172.01***| +|***Tenant***|***-$2,550.00***|***-$637.50***| +||***$4,992.24***|***$1,248.06***| +|||| +|***One time house costs (closing costs, moving, etc)***|***$17,590.49***|| +|***Clothes***|***$70.03***|| +|***Annual Total***|***$22,652.76***|| + +&#x200B; + +&#x200B; + +&#x200B; + +***Please keep in mind that these expenses are for myself only. My SO and I split household expenses and spend our own money on items like clothes or video games. I don’t foresee our essentials spending increasing above what it currently is and the tenant is very helpful in reducing those costs to a level where it is cheaper to live in the house than our previous condo rental without taking into account future selling prices, etc. We did consult a rent vs buy calculator before purchasing and the house was still in the buy zone which is rare for Toronto. I foresee us staying here for around 5 years before flipping into a newer home and/or retiring to travel for a while depending on the circumstances.*** + +&#x200B; + +**Investments** + +My tax advantaged accounts are maxed out and self-managed through a DIY brokerage. My taxable contributions are split evenly between the same self-managed DIY brokerage and a robo advisor for shits and giggles. The robo advisor is winning at the moment, because I view my DIY brokerage holdings as a whole unit so my taxable account gets the brunt of the bonds (low rate environment). ***Now my net worth also includes my half of the home equity and some work provided RRSP (Canada's 401k) accounts.*** + +&#x200B; + +The DIY Portfolio is as follows: + +***Cash: 6.6% (preference is 0%),*** ***should be way lower but I just haven’t had the time to invest it due to work being busy.*** + +&#x200B; + +***Bonds: 11.3% (preference is 5%), ZAG mostly. I’m meh about this allocation and am slowly reducing it through buying other things. This probably won’t go down noticeably unless we hit a recession and I rebalance.*** + +&#x200B; + +***REITs: 3.4% (preference is 2.5%), VRE mostly. Also meh about this allocation. This will go the way of the bonds when I need to rebalance if the market makes moves. Since I own a home now this is not required.*** + +&#x200B; + +***Canadian dividend stocks: 5.8% (preference is 2%, my investing strategy used to be dividend based so this is a remaining position from then), CDZ.*** + +&#x200B; + +***Canadian Market: 2.4% (preference is 2.5%),VCN*** + +&#x200B; + +***US Market – hedged to CAD: 20.6% (preference is 25.5%),VUS/VSP*** + +&#x200B; + +***US Market – unhedged: 21% (preference is 25.5%), VUN/VTI(n USD)*** + +&#x200B; + +***International (both developed and developing) – unhedged: 28.7% (preference is 36.5%) XEF+XEC/VXUS(in USD)*** + +&#x200B; + +My robo advisor has split my investments as follows: + +Bonds: $20% + +Low carbon global stocks: 27% + +Canadian stocks: 23% + +Global stocks: 15% + +Cleantech stocks: 15% + +&#x200B; + +I’d love any advice on my allocations. I rebalance when I invest so it’s a bit slow. + +&#x200B; + +Is there anything else you want to know? + +&#x200B; + +If this post is well received and the community feels it’s useful, I’ll make another one when I get to $400k. + +&#x200B; + +Edit: to note that i include my home equity in net worth since it's not a forever home and will be sold prior to retirement. +One of my friends who's anti-capitalist was seriously talking about wanting to take up shoplifting. I decided to put my 4 semesters thus far of economics studies to use. +The conversation ended up being less intellectual than I'd hoped. + +--- + + +Her: I'm so sick of buying things. Most of it should be free, anyway. I'm going to invest in a bigger crossbody purse so I will have to quit paying for stupid shit. + +Me: I'm against shoplifting, because the economics of it always work out against the consumer. Your intent might be to get free shit and stick it to the man, but the burden will always be passed on to everyone else and not those profiteering. For example, a lot of clothing/department stores mark up their prices by as much as 20% to account for their losses through shoplifting. So it ends up hurting the average person a lot more in the future just for the sake of one person getting a free thing. + +Her: Eh, I don't have a problem with it. It's stupid to pay for things the way they are. You shouldn't have to pay for food for example. That's just stupid. And if people would quit eating animals, the world's poverty level will go up [sic?] so much because then they'd have food. I don't like eating because it's sad knowing that people are suffering and don't have food and starve. So I make myself suffer sometimes to feel better about it. If I was stealing from someone who actually would be fucked like starving families then I wouldn't. Other than that, fuck it. It's not like I steal from small local places that it would hurt. It's places like Walmart. So I don't really care. + +Me: That's what I'm saying, though. Who you're stealing from/what you're stealing isn't the issue. Whether you're stealing from Walmart or stealing from a locally run grocer, the losses from the theft are going to be handed right back to those buying the goods. Prices on a store's entire stock go up because of shoplifting. +Shoplifting actually contributes to a lot of poverty and starvation. Economists estimate that the price of canned goods would be half as much if shoplifting wasn't an issue. That's HUGE. A poor person's money spent on food would go twice as far! +If stores didn't have to invest in extra security + covering losses for stolen goods, prices would be much lower and improve average quality of life dramatically. + +Her: No. That's bullshit. +Bit of a situation I am trying to figure out, and I assume I am not the only one. With a growing portfolio that I am shoveling all free cash into, I am becoming more and more concerned that I have some blind spots as it relates to which exchanges to trust, my own process for security, and emerging opportunities. + +I work a ridicules 60-70+ hours a week which on one hand gives me the income to invest, but means I am very limited on the time to read white papers, research teams, move on and off exchanges and generally keep up. The little time I do have I end up reading about this guy getting [hacked and robbed](https://medium.com/@nathanielzhu/im-currently-being-robbed-this-very-moment-thanks-poloniex-105ff39bc713) on Poloniex. [DDoS attacks](https://themerkle.com/poloniex-users-suffering-from-frozen-accounts-suspended-withdrawals-and-disabled-markets/) freezing accounts and then this guy who seemingly had his [2FA fail](https://steemit.com/bitcoin/@cryptoiskey/usd20-000-7btc-stolen-from-bittrex-captured-live-on-video-huge-lesson-learned) him. + +I am assuming only a small portion of us work in crypto/digital assets professionally and have the time to devote enough attention.. how do you guys keep up, I hate cutting corners and feel like the whole space is getting riskier by the day? +(Apologise in advance if the post is not relevant to the group and pardon for my English. This is my first post) + +Good morning everyone, + +There is a recent post about high income earner that actually enjoy their job, and it’s great reading that people who love and passionate about their job. + +I then think there will also be people in a job that requires qualification which pay the average and also have to bear a lot of stress and responsibilities as well. + +I created this post to learn what jobs that classified as average earning, however, required qualification, and the working environment may be stressful. + +About myself, I works as an auditor, which paid $59K incl. super (2 years of experience). For the past 2 years, I worked the average of 12hrs+ a day (start at 9am and finish at 12am, sometimes 1am or 2am). Plus, I was required to do CA (another accounting qualification on top of university degree) which takes up most of my weekends. I felt like as an auditor, I am in a constant stress, as client sometimes is not cooperating giving us documents to do the work and there was cases that they screamed and yelled at me. ( I literally was crying while talking with them over the phone). If unlucky to work in a “not so good” team, the situation get worse. Manager puts unnecessary pressure on in-charge, in-charge put unnecessary pressure on staffs because of deadline. (Sometimes, the management does not manage the timeline efficiently, then staffs would get blame for not having work done). Before COVID, my employer would allow coffee run (sometimes) and dinner + taxi (work till late night). However, they cut the allowance since COVID hits. They open back the allowance for dinner and coffee only for teams that work from the client or in the office. For those WFH, no allowance even though they are working until late night. + +I felt like I am barely having a life. And potentially feeling in a depression mode right now. Look back at the past 2 years, I don’t know what have I done with my life and feel lost. + +Many times I asked myself if the auditors are having too much responsibility compared to their pay rate. + +Apologise for the rant. But I do interesting to learn whom else may have similar experience to me. Please share your story. +I feel a lot of pressure to set my children up on their own paths to being able to FIRE (chubby or fat). I’m not sure where that pressure is coming from but I think a combination of the way I was raised, a strong sense of competition, inate desire for their security and societal views of success. + +That said, I’m not sure that imparting that drive and perspective of “success” is the healthiest or best thing for my kids. If I think about other measures like impact, purpose, or satisfaction a career in teaching, arts, academia or an NGO may be better suited to these outcomes. While I see it as critical for me to pass on financial fundamentals and good habits; I don’t know that my drive or focus on financial success is healthy/something I want to pass on. + +I’m more chubby than fat so I’m not counting on generational wealth but if my kids genuinely would not have to work I’d probably consider pushing them more towards the arts or a similar field that many do not have the luxury to pursue without a need for commercial success. + +Very curious about what others in this sub want for their kids and how they are (or are not) pushing them. If you are not focused on financial success, how might you be folding this into how you are raising your kids? +I just started to invest in individual stocks about a year and a half ago so I am still really inexperienced. Investing has become somewhat of an obsession of mine over these past 18 months and I've read a some books on the topics and listened to a ton of interviews of other value investors/fund managers. As I've learned more about investing I am starting to get a better feel for what a good company looks like or what a reasonable price is. One thing I haven't been able to figure out yet is how much of my returns are due to luck and how much are due to making smart investments. I feel that most of my returns have come from timing (buying after the covid crash) and the generally high valuations that seem to saturate most of the market. How do you measure your skill at investing? Is the answer just that I need to wait longer than 18 months to truly measure my performance? +The biggest risk in investing is the price. There are other risks, like geopolitical conflict, supply shortages, interest rates, and so on. Different businesses will be affected by each of these factors in their own way. Some businesses are so great that even these things can’t hurt them. Even so, **the price at which an investor buys could be their undoing**. Let’s elaborate. + +>Give a man a fish, and you feed him for a day. +> +>Teach a man to fish, and you feed him for life. + +The proverb above is usually attributed to Confucius, the ancient, Chinese philosopher. Assuming he did say it, it’s a very wise observation, but he could have gone a little farther: + +>Give a man a fish, and you feed him for a day. +> +>Teach a man to fish, and you feed him for life. +> +>**Buy the man out, and you feed yourself for life.** + +A man who learns how to fish can now produce earnings. He is basically a sole proprietorship of fishing. You could buy him out and thus be entitled to the fish he acquires. If you did that, you would pay him based on how much fish you think he can actually produce. + +Now imagine that you teach five men to fish. You teach them all the same way and with the same fishing rods. Even if they all fish in the same body of water, would you buy them all out at the same price? What if they are not the same age? What if some work harder than others? What if some are more honest? What if some are clumsier than others? Even with an equal start, buying them all out for the same price would be riskier for some than for others because **some will produce less fish for you**. + +Even the best of the five has a price that is too high. If he kept haggling you up, eventually you would reach a point where his earnings are **not enough to make it worthwhile**. Even if he can catch 20 fish a day, while the others can only catch 5, then it wouldn’t make sense to buy him out for ten times as much as the others. + +A higher price increases the risk that you will lose money or get a weak return. A lower price decreases the risk that you will lose money. It’s common sense. Buying him out $100,000 is inherently riskier than buying him out for $50,000. Higher risk does not lead to higher reward; it leads to lower reward by mathematical necessity. + +This is why giving a man a fish is on the lowest order of the proverb. Its value is very episodic. A single fish isn’t going to produce earnings, but the fisherman will. Confucius realized that there is more value in creating fishermen than in handing out fish because of the rise in earnings. Flipping that, the investor should conclude that there is more risk if the earnings are smaller and if the price is too high for the earnings. + +This is easy when comparing a fisherman to a single fish (whose earnings are zero). The best investors know how to compare individual fishermen. Even if all the fishermen are excellent, the investor will be subject to greater risk if he overpays for them. +A recommendation I find very often is that you should "know what you own" or "invest in your circle of competence." How much should you know about a company to be at the point where you are really "investing" and not merely speculating? It is not really possible to know the ins and outs of all the types of businesses out there, so I don't know how people usually go about due diligence without limiting themselves to a few select industries they may be able to intuitively understand. +Some people like playing a guitar, some watching Netflix or play video games. + +I like researching companies, pretty much love doing it, from financial statements analysis, DCF, 10k and company news. Also keep reading every piece of book I can get my hands on. + +It led to a point where I have many new ideas, it might sounds ridiculous but I have more ideas than money. + +I know that buffett is somewhat dislikes diversification since it protects wealth, not building it. + +Currently my portfolio is 50% on 5 stocks and 50% are 15 other stocks. About 10% of them are pretty much speculative. + +Each of the 90% stocks I carefully researched; Management, financials, moat, intrinsic value, 10k etc. + +In contrary to what I believed in the current market, good ideas are actually quite abundant if you know where to look, especially in downtrending sectors over certain periods of time. + +I honestly do feel I'm somewhat over diversified. To get into some perspective, I would like to know what you guys think and how many stocks do you own. +Hi + +I am posting on this group because I have, over time, learned to appreciate how this group values only true gems. I am trying to figure out how to value Bond investments. + +So I found an offer to buy 50 U.S. Treasury Bonds Expire 2050 for 57.61 cents on the dollar with a Coupon of 1.25%. So I need to spend $29,054.28 now and I will get paid $625 per year in interest until 2050 if I choose to hold that long with a guaranteed payment of $50,000 in 2050. Basically if I do the math assuming yields stay here I should net 100% return on my money in 28 years. I know this is worst than the market return but..... here are the questions, in the next recession, a few years from now, or maybe 2023, the Fed will likely cut rates again. When they do, my Bond Price will rise, even if I don't make it to par that will mean I recoup all back much sooner. + +Please help me poke holes on my theory... Issues, what I am missing? This looks like the Value of the decade to me..... + +Thank you for your thoughtful replies. +Anyone, run DCFs on oil companies? I am looking for the most undervalued oil company. I plan to open a large position in DOW. I find it to be undervalued, unless the price of oil goes up, which is the feedstock for its polymer section of the business. I would like to hedge that with an undervalued oil company. + +Also, I welcome a discussion on this strategy. I have applied it to two companies in both sides of the chip industry. I have a company that should profit on the continuation of the chip shortage, and another company that will profit if the chip shortage recovers. +Does it seam cheap to you guys right now? + +P/E ratio below 5.m +PEG Ratio 0.4 + +Price to sales, price to cash flow and price to book all below the industry. + +I know it has some debt but am I missing something here? Surely this thing should explode once this bearish sentiment is over? I see more and more young people wearing them as well which can only be a good thing as the brand grows they seems to have somehow captured the market for older and younger people. +Apple, Microsoft, Amazon, Google. These companies have one thing in common - their market cap is above $1 Trillion. They're all fairly diversified, some more some less but they certainly don't rely on one single product to exist. It's actually basically impossible to open a business nowadays without having to do with at least one of these companies. I realize that just 15 years ago the top 4 companies by market cap were very different ones and historically things have always changed, especially in tech. This time feels different though. Regulators are sleeping and politicians don't understand these companies. On top of that China is getting more and more powerful so it's questionable if there's even political interest in holding back the tech giants. Whenever competition emerges they can just kill it with money either by simply buying the competition or making the own product superior. Furthermore their products have long lasting lock in effects. For the business side it's very expensive to move away from them and your average user hates having to get used to something new. As long as something "just works" people don't change for minor benefit and it feels like these companies have gotten strong enough to ensure that nobody else is ever offering something vastly superior. + +As much as the past has shown otherwise, I don't see a world in which Apple, Microsoft, Amazon and Google are not at all at least top 10 in market cap 20 years from now. + +At this point why even bother with anything else and not go all in on them? +https://entethalliance.org/members/ + +There is no BTC/BCH community nor alliance. +They sure have their niche as crypto/store of value. I own BTC and BCH, however they are just "stupid" coins I compare them to Myspace and Yahoo/Altavista that lost the innovation race, because 2 simple guys that founded Google were just a tiny bit smarter than these at that time large corporations. You want to see the future? Look at History! ENJOY! +Enjoy the ride folks! +The following post got removed twice, with an excuse (after the 2nd removal) there was duplicate content. Ill post the content here, but it really worries me how they are censoring legitimate issues/concerns/questions. + +Update: as of now I have also been banned from the subreddit. Wow.. what a relevation + +------ + +Tomorrow is the AMA, I think most of us agree this might be the most important AMA for ICN holders up till now. + +As ICN finds new bottoms every day, scratch that, every hour. There clearly is a growing concensus that there is not enough clarity around the use-case or attributes the ICN token has. + +Before you all go wildin'out on me for not being a devout holder *I agree* that Iconomi should NOT stay around subreddit all day and answer concerns. + +But tomorrow, for me personally, will be pivotal in deciding if I continue to be a devout ICN holder and accumulator. Just think about it, we as ICN holders have been through a lot, seeing a lot of other tokens making moonlandings while we are stuck in the Saraha desert without water. + +I ask of you, not to give in to every demand your needy investors have. But to really, REALLY shed some light on the ICN use-case and give us a clear timeline of when things are implemented. +Vague responses aren't going to cut it anymore and I would hate to abandon a great project like Iconomi. + +Thanks for reading and thanks for your time, hopefully the amount of upvotes this post will get gives you an impression of how broad this feeling is carried throughout *your* community. + +------ + + +I think its a reasonable post, but seeing this removed clearly makes me think twice about ICN, censorship?!? WTF +I’ve gotten lots of useful quality of life advice from this sub, the most useful of which was: + +1) Get a (semi) personal chef +2) put larger windows, more storage, and a gym in my latest house build +3) fire pushy financial advisors +4) all advisory fees are negotiable + +This last one directly resulted in a decrease in advisory fees in a direct index Russell 3000 account I opened in late 2019 to diversify some concentrated assets. This saved me ~40k in 2020 in advisory fees and really only took 3 emails to arrange. + + +Thanks r/fatFIRE and happy new year! +In my previous job, I "converted" several people. Not to FIRE, but to index investing. We are a cozy group and we keep in touch through an IM group. I believe it's one's civic duty to share the knowledge of index investing, and of FIRE if it comes to it. +Are there any drawbacks about sharing with coworkers and friends? +My FIRE date is still far away, so it shouldn't affect my bosses if they overheard some of it and somehow believed it without me arguing the math. + +**tl;dr.** Should I tell my coworkers and friends about index investing and FIRE? Why or why not. + +**Edit:** Thanks a lot for all the answers and input! I will be reading them carefully. + +**Edit 2:** FIRE is the acronym for Financial Independence Retire Early. Some people in the comments are asking this, so I thought I'd clarify. + +**Edit 3:** For the people asking, I don't know more than those who have read the FAQ of this sub (https://www.reddit.com/r/financialindependence/wiki/faq) and that of /r/personalfinance (https://www.reddit.com/r/personalfinance/wiki/commontopics). But here's a long video that explains index investing for those who are not familiar with it and why it's the optimal way to invest. https://www.ifa.com/indexfundsthemovie/ https://www.youtube.com/watch?v=z1skhHVztgc + +And no. According to my Scouter, I'm far from Super saiyan level. D: +I’ve seen comments like “your CCs are gonna get blown up when this thing moons” or “don’t come crying when you’re stuck with strikes 50% below underlying value.” + +Folks, a CC that goes ITM is a win. + +Sure, you might want to manage that to improve your position even further, but please stop saying things like, “when that underlying doubles your CCs are gonna be rekt.” + +CCs and CSPs have the same P/L (with some minor nuances). Nobody ever says “oh you sold a CSP and the underlying increased, now you’re screwed.” + +Feel free to educate me though. I am just trying to learn. + +Edit: the title was ambiguous, I was referring to an OTM call that goes deep ITM. Not selling a call that was already deep ITM. Sorry for the confusion. +So my ac has been broken a while. The heat has been so unbareable I finally took it in to be fixed. $370 later i had a new blower and transitor. Well, next day same issue that was happening occurred. Now they said, well looks like your cable is bad too, thats another $120. + +I asked for a manager and said, I'm not gonna pay that, you guys are going to fix it for free. About 5 minutes later and two calls and they are fixing it, for free, and sending me a coupon for 20% my next repair. + +Maybe a small win, but never hurts to ask. + +EDIT: RIP Inbox +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I’m not going to lie to you, becoming a profitable trader will be one of the most difficult things you ever do. It will take a minimum of 4 years and 6 hours a day at the minimum of watching price and volume to accomplish this. You must use a professional platform - Sierra charts is one of the best. Learn order flow and auction market theory - if you master these and yourself you will be profitable. Pick one security (I trade the /Es contract) and watch it only for many years. Every security moves a specific way and no 2 securities move the same and over time you’ll develop a 6th sense for it. Record and review every trade you make and create concrete plays/pattern that you can refer to. Use Twitter for news and learning, this will increase your experience x10. Also, never pay for a trading plan or to join a group.Everything you need can be found online for free. Orderflow is king. + +I hope this reaches someone serious out there as I was once them and remember how difficult it was to find information. Please comment any questions/comments below. +Hi there, title pretty much says the lot. +Me and my fiancé are looking to buy in regional Vic, we’ve got a 20% deposit saved and are ready to go. I’m now starting to think about other cost such as furnishing the place. Is there any good advice or articles about the average price of furnishing a house? + +Cheers. +Like most people, I don’t hold banks in high esteem. I use them because I must and try to avoid giving them any more of my hard earned $$$ than I need to. Then something happens that makes me think, wow I can’t believe a bank did something good! + +We refinanced our mortgage to Macquarie Bank earlier this year for a significant rate savings. It was structured as a fixed/variable split and each came with an offset account already linked to it. Although the process took longer than expected (3 weeks dragged out to almost 3 months) it eventually settled and we happily started to put money into the offset account and used it for everyday banking just like our previous bank (eg salary deposits, conduct transactions). + +Having banked with the other Big4s and ING the experience from the start was noticeably better. Apple Pay support, excellent digital presence (app and internet banking), local customer service staff. When we went traveling their debit MasterCard offered no fee ATM withdrawals and pretty much the spot rate on all conversions. All ticks in my books. + +Fast forward to two days ago we get a call from Macquarie Bank. We were in the middle of something and couldn’t talk but the rep insisted it was important so we called him back later. He informed us that the money we had been putting into our offset account was actually linked to the fixed component of our loan and the money IS NOT offsetting any interest at all. + +WTF!?!? + +Anyway, we inform the rep that this was not made clear to us at all when we set up the loan and asked if they can refund the extra interest we have been paying since the loan started. The rep says “maybe” and that it could take time for them to do the calculations... + +Ok fine. Our bad anyway. We immediately moved our money into the other offset account (wondering why they would even offer an ‘offset’ account against a fixed loan if it doesn’t do what it says) and quietly mourn the loss of a sum that is enough for a short holiday. + +However, the next day the rep calls us back and informs us that they have worked out the extra interest we have been paying and will refund it to us! We are stoked. It’s like finding cash in the pocket of last year’s winter coat. Our opinion for Macquarie Bank has risen a notch and we probably won’t dodge their calls so quickly next time they ring. + +When we asked how the bank knew to call us about this mistake they said they were running analytics on customers’ loans to detect anomalies and actively campaigning to call them to correct it. A bank actively working for their customers’ best interest.. imagine that? If it takes a Royal Commission to shine a light on this industry’s shady practices then bring it on! + +Tl;dr - Bank error in our favour. Collected $200+. + +I’ve been waiting for this for so long.. we have heard plenty of rumors about “project titan” I am pumped to see what Apple can do! The growth prospects on this are insane. If Apple can successfully integrate its ecosystem into a car... my god. + +Here’s the article: https://www.reuters.com/article/us-apple-autos-exclusive-idUSKBN28V2PY + +Edit: Thank you for the awards guys! +&#x200B; + +Sauce: [https://public-inspection.federalregister.gov/2021-20967.pdf](https://public-inspection.federalregister.gov/2021-20967.pdf) + +The Commissioners of the Sec and their Attorney (Counsel to the COmmissioners) met yesterday to discuss injunctive actions (An injunction is a type of restraining order where you legally stop someone from doing something), administrative proceedings (disciplinary actions), resolution of litigation claims, and other matters relating to examinations and enforcement proceedings. + +&#x200B; + +https://preview.redd.it/cl92d056top71.png?width=1506&format=png&auto=webp&s=75b17809286e4622ecb0055f81fe096a63b2c10b + +https://preview.redd.it/9pta0lm2top71.png?width=1808&format=png&auto=webp&s=1e0733b4b7c11a9cd21029c06e5a74f04f56bfdb + +I can't speculate as to what exactly they discussed. I can say I find it interesting that there was a super-top-level-only-closed-door meeting that appears to be a strategy session on how to resolve certain issues - and then a few hours later the press gets leaked information from a certain broker and starts a new cycle with a new focus. + +That would fit really well with another Ape's theory that RH is being set up to take the fall. +I was lucky enough to scoop up some LMT when it dipped hard last year. Currently up roughly 35%. I’ve enjoyed the dividends LMT pays so far… I’m just wondering if I might be better off taking the profits and moving those funds into VTI or VOO. Thanks! +T stock has been on the rise these past couple weeks and I'm worried we are heading back toward 40$ a share. This past month had a low of 29.20 and today we now at 32.20! + + +As a new investor I was looking for something that hardly moved but a nice dividend and T stock was it. I was hoping to keep investing in it but dang... not at 40$ +IMHO, no crypto has more promise than ETH. There are many in this community who see that promise very clearly, many especially who bought into The DAO, a project that I think faces some serious, serious governance hurdles before it caneven be considered to have officially started. With that particular issue hanging around its neck, I'm worried that ETH faces a crash, as investors move from speculating to actually wanting to see DAOs begin to take off and begin to explore their rates of return/revenue models. When that happens, of course, not all the news will be rosey (or agreed upon to be rosey, etc.), leading to a lot of uncertainty in this particular space. + +So, having said that (and NOT assuming the above is a given, mind you), are we looking at a bubble, here? What are your thoughts? +I'm thinking of switching from Schwab to IB for the sole purpose of being able to use IB's API for placing my complicated hedge orders. + +But it looks daunting. + +Is anyone here using the IB API? + +Is there a simple tutorial for it? +Are there any examples of how to set it up? +"The 8,000 sq. ft penthouse on the 66th floor has an asking price of $13.25 Million, which is lower than the $15million Griffin paid to acquire the 5bdrm and 6bath property in 2012" + +[https://www.nbcchicago.com/news/local/citadel-ceo-ken-griffin-lists-chicago-penthouses-for-sale/2900895/](https://www.nbcchicago.com/news/local/citadel-ceo-ken-griffin-lists-chicago-penthouses-for-sale/2900895/) + +A short sale is **when a mortgage lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of the property by a financially distressed owner**. The lender forgives the remaining balance of the loan + +**By a financially distressed owner, lmayo** + +Is this a short sale ? anyone know how to see this kind of info + +**\*\*(EDITED This is not a short sale. A short sale is when the bank allows you to sell a property for less than what is owed to the bank. u/ 33zig comment has info on this )** + +Also mandatory 2008 bailout article screenshot, this man is known to get in deep water. He seems to be drowning again. + +&#x200B; + +https://preview.redd.it/j5m41gsnwke91.jpg?width=725&format=pjpg&auto=webp&s=31d869f5935d0513a51290ada9565d75931b062a +We told you we deliver[,](https://imgur.com/gallery/yFZEsyx) and when we say we’ve got some insane news coming this week you better believe it, the biggest news a BSC coin has *ever* had before. Maybe even bigger than nearly every other crypto that’s come before us. + +It was said yesterday, and the day before that: **BINGUS IS UNSTOPPABLE !** Its no longer a question of *if* we moon, but **when** we moon! This is one of your last warnings! + + +The incredible partnership with [**Bbno$**](https://imgur.com/a/5jnDXIG) has been mentioned time and time again, and people who joined since then have been happily **chatting with him in the** [**telegram**](https://t.me/bingustoken2official) **group**. + + +But that is only one thing, albeit an amazing one, and people want more. So we got more ! + + +The time for **the first video** in partnership with [**Rocky Kanaka**](https://twitter.com/RockyKanaka/status/1383161598378864640) is near, and the whole team is very excited to show you how determined they are to really have an impact in the animal welfare cause. **After several thousands of dollars worth of donations, the next one is planned to be the biggest so far !** + + +But what would be **BINGUS** without mentioning [**moistcr1tikal**](https://m.twitch.tv/clip/DarlingPatientHamWoofer-fRGkc3oRVxK3olmz) himself!? Hearing about Bingus during his live stream, it only took him a day to realize the unreal potential of the whole project and the real cause it’s working towards! + + +**Price has also found a new floor**, and it is almost 3x higher than the previous one. **MCap is** still fairly **low at 5.7M**, but the recent movements have proven that this is bound to be higher really, REALLY soon. **BINGUS also passed the 4000 holders** as I'm writing this, proof that more and more people are will to realise how amazing this whole thing is. Check out the chart below, do some TA, and you’ll see we’re about to take off. Add the insane bullish news and you’ll be crazy not to buy! + + +Why ? Because while **BINGUS** could easily be happy with the partnerships it has achieved so far, I hear that the owner (who is fully doxxed by the way) and his insane **connexion to Hollywood are about to bring something EVEN MORE MASSIVE** than what was achieved so far. + + +And do I still need to mention the **doxxed team members ? The locked liquidity ? The LLC status ?** This is simply one of the most transparent and honest team you could find behind a crypto related project. + + +This is, once again, more than a simple moonshot. **It's a moonshot with a real application bound to do something to make the world a better place as core focus.** + + +As always, DYOR, but I'd bet my life on the fact that it's a worthy investment ! + + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + + +**Holders:** 4,087 + +**MCap:** 5.7M + +**WEBSITE :** [https://bingus.finance/](https://bingus.finance/) + +**PancakeSwap:** [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +**Twitter:** [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +**Telegram:** [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +**Discord:** [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +**Chart:** [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**BSC Scan:** [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Locked liq (RUGPROOF):** [https://dxsale.app/app/pages/dxlockview?id=0&amp;amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&amp;amp;amp;type=lplock&amp;amp;amp;chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&amp;amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&amp;amp;amp;type=lplock&amp;amp;amp;chain=BSC) + +*DISCLAIMER: I am financially invested in Bingus so DYOR, but do it fast.* +Waiting for unconditoonal approval. Originally assured 21 business day wait. Vendor going to pull out if we don't get approval soon. + +Waited 32 business days to have our application looked at (80% LVR). They finally looked at it 3 days ago and they asked for "more information" from broker and it was all stuff that the broker had included with the original application. The broker sends the stuff off straight away, assessor in India promises a decision by that night. No update that night. Following day Broker calls ANZ, gets the application escalated again, promised decision by that evening. No update. Brings us to today, broker calls ANZ again, gets the same promises. Nothing at all. + +Broker says we should get an update by tomorrow night. We dont have much hope. + +Absolutely ridiculous to take this long after waiting our time in the queue. They have everything they need and then some. + +I will definitely be avoiding ANZ in the future. +Hey everyone! I know a lot of apes here are eager to buy their lambos and jets and whatnot, but can we all also agree to support small businesses after we moon? I have a small business myself and the competition we get from Amazon, and all China made stuff(sorry, no offense) is insaneeee and we see our profits crush just so we can stay competitive with the retail giants! +I urge you all to shop small and shop handmade for Christmas and birthdays of special people in your lives! Honestly, it means SOOO much to small businesses like mine when we get a new sale! +This is such an awesome community and you all are absolutely wonderful. So happy to be holding with you all! +I'm curious in terms of what people lean towards and why? I'm currently a growth investor. However I feel that when I get towards pension age I will diversify my portfolio to be more income based to compliment my pension payouts. + +What do you guys do and why? +I'm looking to experiment with investment, but using small amounts ranging from a few quid to a few tens of pounds. Is there any way that allows me to do this? I have looked around but some of the fees don't make it worth while, just for the dabble experience. +So DFV tweeted [this scene](https://twitter.com/theroaringkitty/status/1382024016345595911?s=21) which was littered with GameStop logos. One interesting thing about this scene. It was filmed during a parade in Chicago. Where is Citadel located? Chicago. + +But it gets better. In this scene they are parading down *Dearborn Street* and can you guess where the Citadel Building itself is? 131 S DEARBORN St! + +Dude is a mad genius and I’m just a dumb ape + +Edit: +Tinfoil hat time but the plaza he was at in the scene is 3 blocks away from Citadel’s headquarters, headed in the direction of the Citadel Building. 3 days till his options expire. I know it’s been theorized that he’s already exercised but he has been pointing to that date a lot lately either way, I think probably because that was when his options were set for. I don’t expect him to confirm he’s done it yet until a WSB Yolo update Friday regardless of if he exercised them before the 16th or not + +~~Edit 2:~~ +~~His Twitter won’t load now for me?~~ + +~~Edit 3:~~ +~~His Twitter is working for me again just not that video~~ + +Edit 4: +The GME logos, most people are saying there were only 3 (on the tubas), these *were* the most prominent. However there were others hidden around that were hard to spot. I went frame but frame and spotted 7 unique logos, 9 total because two of the tubas show up again. I don’t recall how many were in the other videos. THE NUMBERS, MASON, WHAT DO THEY MEAN? It’s entirely possible I missed some though, my eyes aren’t great on my small phone screen + +Edit 5: +[Logo spotting ](https://www.reddit.com/r/Superstonk/comments/mq7o4j/all_the_gamestop_logos_in_dfvs_latest_tweet_maybe/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +I bought my first home in 2017 as a fixer-upper. I spent about 50k modernizing it and about 2 years of my time. It was in a rural area, and I wasn't really prepared for country life, so my wife and I became rather miserable being so far from our families. I sold the home last September at a profit when people were desperate to leave cities and buy rural properties and find a better place to live. + +Since then I've been living at my in-laws with my wife and daughter waiting for the market to cool down a bit. The inventory of houses has been getting better, but not the prices. The average sell price in our area is around 450k compared to 300k a year earlier. + +Interest rates are low and I can afford a house up to 600k, but I'm nervous taking out that much money. Do I run the risk of buying a house at an expensive price at a low interest rate, or if I have to move in the future will I be stuck if the market normalizes? What other risks come with buying an expensive house? I doubt waiting will put me in a much better situation either. Am I missing something? +Just wondering why someone would choose to trade currencies instead of stocks. It seems to me like trading indexes you’d have a much better chance of winning because the probability skews highly towards indexes going up. With forex it can go randomly in any direction, each pair has different correlations with commodities, you have to pay attention to random government meetings and speeches which can blow up your trade in seconds. Unless everyone here is deeply interested by the economic conditions and policies of foreign countries, why do you choose to trade this instead of equities? +Just for those apes who don’t know arithmetic, or otherwise can’t operate their calculators with their massive diamond fists, I thought I’d remind ya’ll that there is absolutely no fucking difference in the end product if you end up spending an extra few dollars per share. + +You are buying tickets to the moon. Are you really gonna skip your moon ride because of a few measly dollars? + +I mean I don’t give out financial advice but hot DAMN! +Couldn't resist. + +Z1P you are still my baby and my future... + +&#x200B; + +https://preview.redd.it/6qe8l1xvuet61.jpg?width=549&format=pjpg&auto=webp&s=6baada39c9543099776aaddeabfdab804fb9b7a0 +There has been a trading halt for WBT today as it seems WBT made a 2am Twitter post to announce their upgraded partnership with CEA Leti and Market Eye seems to have mixed up the announcements to its subscribers with the partnership announcement that would have followed in the next few days, here is it below. + +&#x200B; + +**Weebit Nano** (ASX:WBT) has today entered into a commercial partnership with US semiconductor foundry SkyWater Technology Inc. (NASDAQ: SKYT) to take its innovative ReRAM technology to mass production. Under the partnership, SkyWater has licences Weebit’s ReRAM technology for use in customer designs.SkyWater is a US-based-and -owned semiconductor developer, manufacturer and a US Department of Defense-accredited supplier. It specialises in advanced product design, development and volume manufacturing of differentiated Integrated Circuits (ICs) for use within the aerospace, defense, automotive, consumer, industrial and IoT industries.Coby Hanoch, CEO of Weebit Nano, said: “Weebit’s first commercial agreement is a major milestone for the Company. It enables us to mass produce our cutting-edge ReRAM technology and offer it to SkyWater’s extensive customer base, putting us on the path to ongoing revenue generation. SkyWater is the ideal first commercial partner for us – they have an impeccable reputation in microelectronics industry, and our ReRAM aligns with their focus on technologies for the future.“As a licensee of our next-generation memory technology that we have developed in collaboration with Leti, SkyWater will be able to include our ReRAM within new product designs they are developing and manufacturing. We look forward to collaborating with SkyWater, starting immediately with the transfer of our technology to their US-based production fab.” + +[https://www.skywatertechnology.com/](https://www.skywatertechnology.com/) + +&#x200B; + +[https://124a0ppijtc3yz3aw2hh75zp-wpengine.netdna-ssl.com/wp-content/uploads/2021/06/SkyWater-EEtimes.pdf](https://124a0ppijtc3yz3aw2hh75zp-wpengine.netdna-ssl.com/wp-content/uploads/2021/06/SkyWater-EEtimes.pdf) + +&#x200B; + +[https://www.weebit-nano.com/](https://www.weebit-nano.com/) + +&#x200B; + +EDIT, this was the 2am Twitter post from WBT which in itself is AMAZING news. + +[https://www.weebit-nano.com/wp-content/uploads/2021/08/PR\_Weebit-Nano-broadens-its-technology-portfolio-to-further-bolster-its-ReRAM-capability-and-expand-commercialisation-opportunities\_RRAM\_AUG-31-2021.pdf](https://www.weebit-nano.com/wp-content/uploads/2021/08/PR_Weebit-Nano-broadens-its-technology-portfolio-to-further-bolster-its-ReRAM-capability-and-expand-commercialisation-opportunities_RRAM_AUG-31-2021.pdf) + +&#x200B; + +EDIT 2 - Before TH occurred the short position on WBT was over 1m shares. We will have to see how covering those shorts after an announcement like this will go. + +&#x200B; +I think the Barefoot Investor’s advice, for the most part, is sound when it comes to personal finance. His advice is especially apt for someone just starting out. However, where he falls down is his advice around superannuation. I often see it mentioned in the comments and on Whirlpool; however, I could not find a thread dedicated to discussing the pros and cons of his advice in regards to superannuation. + +Basically, he recommends that you put all of your superannuation into Hostplus’s Indexed Balanced fund. Now, while it has super low fees (can’t remember off the top of my head), it’s returns are inferior when compared to a regular balanced fund. + +The purpose of this post is to start a discussion around the Barefoot Investor’s superannuation advice and, more specifically, Hostplus’s Indexed Balanced fun and possible alternatives, so that those who have read his book can make a more informed choice. + +Disclaimer: I do not work in finance; just interested in it. I am with AustralianSuper, so not against industry super funds. + + +I'm a begginer trying to set goals. All these giant real estate guys explaining how they blew up makes no sense to me. The math behind it makes sense, understand the whole buy real estate, let it appreciate, refinance, and use profit to buy more. But in the end, they still owe back the inflated refinanced amount. What's the purpose of building a giant portfolio with high debt? It seems like a cycle that would never end and never actually be profitable. Or is that the point... Just keep dumping until your lifestyle/life can be written off in some aspect of your business. +Hello all, +I recently stumbled across a 5 unit multifamily (a duplex and a triplex on the same parcel) and I'm trying to figure out how I can get financing for it. + +I can pay 20-25% down (maybe 30% but that would be pushing it) but the house is only listed for $150k. It seems like most lenders want bigger loans and I can't find much in this range. + +Any ideas? + +Thanks! +Hi all, + +Long time lurker, first time poster from throwaway account. Was hoping to seek some advice from members of this group… + +Bit about me: + +32M, approx. $25m net worth, current split 25% Equities/50% Cash/15% Property/10% Art (mods let me know if you need proof). Of this $25m, approx. $7.5m is on paper in the form of deferred bonus. + +I’m facing a crossroads presently and wonder about moving into Fat FIRE. + +Currently a trader at a Hedge Fund, based in a low tax country having left UK at the end of 2021. + +Cutting to the point, I am struggling with my mental health in the role but there are several parameters restricting me leaving tomorrow: + +\- I would be subject to UK tax should I return home before the financial year (April 6th) is out. Compromising a significant portion of my net worth. + +\- In joining my new firm abroad, there were several contingencies requiring me to serve X many years so not to repay a lot of the contractual incentives + +\- Naively over the last couple of years I have cultivated a lot of dependents. This means a baseload outgoing of at least 120k GBP p.a. + +\- The trading seat itself is as close to as good as it gets for my career and things had gone well to the mid-point of this year. That was before my mental state started deteriorating significantly. Since then, I have consistently lost money, thus eating into my paper net worth. + +\- My partner and I recently fell in love with our dream property in the UK that would lower available spare capital for passive investments in retirement. We have submitted an offer that I expect will go through. + +\- Bonus period is in Q1 23, whereby 1/3 of the deferred is paid out. + +My best idea presently is trying to hang on in the role until Q1 ’23 without taking too much risk and realising some of the deferred bonus on paper. + +From there, dependent on state of mind (diagnosed as clinically depressed, on antidepressants), reveal to my employer what’s going on and hope they waive contractual terms on basis of incapacity. Return to the UK after April 6th. + +Back of the envelope calcs using S.W.R shows income around 400k GBP per year after capital gains tax without counting the property’s asset value. Netting off the costs for dependents and assuming I raise a family at some point in the future, it starts to feel that maybe what’s left over will be insufficient to live a life we had been accustomed to. Therefore, I am somewhat torn on the idea and wondering whether this is sub-optimal for now given that if my health improves there is an opportunity there to kick on further in the current role. Also, should I leave the industry in this manner, there won’t be a chance to get hired again. Conversely, things feel so difficult right now- I’d love to just chuck it all in tomorrow. + +To caveat the above; I am aware of how fortunate I am to be at this point of my life. There is a huge amount to be grateful for. Unfortunately, the mind is trumping my day-to-day objectivity presently and thus, I would really appreciate some help/feedback. + +Thank you +34M, $1.1MM in assets, HCOL City. $110k Salary + +Under the 4% rule, my monthly budget is $3600/mo. But my rent+utilites runs me $2,000/mo. A bit over half, and home ownership is a bit out of my price range. I'm unmarried, and have no kids, but am open to that someday. + +So a full on retirement right now would be a bit too lean for my taste. I spoke to my boss a few days ago and told him that I'd like the ability to take 3-6 months of unpaid time off a year moving forward. This would allow me to have the ability to enjoy life while I still have some youth left in me, and let me easily come back to a full time role if the marriage/kids lifestyle starts to happen. + +I do actually enjoy a lot of what my job has to offer, and having the flexibility to take a loooooong break after a project is completed would greatly help my work life balance. Currently when a project is finished and we're all exhausted....a new one comes in the next day and we have to go full steam ahead without any downtime. Gross. +***Important edit*** I am very sorry apes. In my rush to get this posted I made a crucial mistake in my date calculation. My thesis is based off of u/dentisttft great work with T+35 (this is calendar days, not trading days). Please see his DD linked underneath this edit. +So, I have made a big boo boo and stated that the date to watch is 19th July, which is T+21 and incorrect. The date should be Thursday 22nd July. + +A big thanks for U/expensive_SCOLLI2 making a comment questioning this. Apes should always question each other’s theories. + +https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +This is not financial advice. I am a celery. + +Wow, what a time to be an ape. It really feels like the end game now and we are approaching some very interesting dates. + +Lots of speculation about an NFT announcement on 14th July, Bastille Day, anticipation on the 500k $0.5 OTM puts expiring on 16th July and the latest FTD cycle set to begin around 14th July and continuing to cause the SHF’s trouble over the next couple of week’s trading. + +This is great. Like most of you apes I am really looking forward to these dates. If something happens then super, if not, I don’t care. I just HODL. + +Well, I have another date for you that seems to have gone under the radar... + +Monday 19th July + +What is special about this date? + +21 trading days before 17th June was 14th May. On this day, there were 4.6 million FTD’s through ETF’s, a very significant amount of FTD’s. I anticipated a lot of action on 17th June when these FTD’s needed to be delivered. I wasn’t disappointed... + +Open: 224.00 + +High: 233.66 + +Low: 221.48 + +Close: 223.59 + +A huge ass Doji candle. We started the day very strongly with big green dildos. And the price stayed above 230 for most of the first half of trading. You could see this spike was coming from the SHF’s having to deliver on their previous shenanigans from 21 trading days before. However, I witnessed some serious price manipulation during the whole day’s trading. Every time that GME approached 233 it got a rejection. It pinged off of 233 countless times in a way that could only be price suppression. + +After a few hours of bouncing between 230 and 233, the price then declined all the way down the day’s low of 221.48, before adjusting back to close almost where we opened. + +What was significant on this day was the activity around shares to borrow on i-borrow. +Very typical behaviour around this time would be for a few hundred thousand shares to be taken of the board at open and then most, if not all, returned with in a couple of hours in to trading. +However, on 17th June, i-borrow opened that day with 1,100,000 shares available to borrow. 800,000 were taken and to this day they have not been returned to replenish back up to the 1,100,000 available. +I have to stress...800,000 is a huge amount to use to suppress the price. This is not typical. + +It is my belief that there was a huge operation to manage the price during the delivery of the FTD’s and by using 800,000 shares to suppress the price the SHF’s have created themselves a bigger problem that they need to deal with on 19th July. This falls during a period where we already expect parabolic activity due to the already known T+21 cycle and anticipated announcements from GameStop. + +My tits are jacked! 🚀🚀🚀 + +Tl;dr - 19th July is set to be a day with big upward buy pressure due to SHF’s having to unravel their can kick of 17th June (21 trading days prior). 800,000 shares were borrowed from i-borrow on this day, a very significant amount, which helped them to suppress the price and live to fight another day. + +Edit: I have incorrectly stated 14th May to 17th June as T+21. I should have stated this as T+35. +You gambling degenerates managed to bankrupt a hedge fund, necessitating a bailout. + +Why can't Melvin capital just uninstall the Robinhood app and reinstall it to restore their save game and get their money back????? + +Reading between the lines, I think Melvin got a margin call that would have wiped out the hedge fund. That would have caused Citadel and Point72 to have a portion of their portion go to $0 which would have hurt their returns. They decided to pump more money into it to prevent bankruptcy. + +Sounds like these hedge funds are vultures coming in to feast on the carcass. + +Who is going to bailout Citadel and Point72 when they get squeezed too? + +**Citadel LLC and Point72 Asset Management are investing $2.75 billion into hedge fund Melvin Capital Management, which has been hard hit by a series of short bets to start the year.** + +The influx of cash is expected to help stabilize Melvin, which has lost 30% for the year through Friday, said people familiar with the firm. Melvin started the year with $12.5 billion and had been one of the best performing hedge funds on Wall Street in recent years. The losses stem from Melvin’s array of short-bets against companies and have stunned clients and other traders. + +Citadel and its partners are investing $2 billion and Point72, which already had more than $1 billion invested in Melvin as of 2019, $750 million. The investments are for non-controlling revenue shares in the hedge fund. Melvin founder Gabe Plotkin was a top portfolio manager at Point72’s predecessor firm, SAC Capital Management before he left to start Melvin. + + +It couldn’t be determined how much of a revenue share Citadel and Point72 would get. + +https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340?mod=lead_feature_below_a_pos1 +**TLDR;** ETFs are continuing to BUY and HOLD. + +3 months ago, on 19 Mar, I created a spreadsheet that tracked the holdings reports of the top 30+ ETFs that hold GME. Today I revisited that spreadsheet and updated the numbers with current reporting. The biggest updates came from Vanguard who published their quarterly holdings update at the end of April. Unlike the other tracked ETFs, Vanguard does not post daily holdings reports. Here are my findings. + +Total share count amongst the 32 tracked ETFs increased from 11.7 Million to 13.0 Million (**+10.6%**). Vanguard specifically had an increase in GME holdings from 3.7 Million to 4.8 Million (**+30%**). + +This increase in position comes with an increase in stock price. On 19 Mar, GME closed at $200.27. On 4 Jun it closed at $248.36. This shows that as a whole, ETFs have increased their total stake in GME and these changes were not due to adjustments from price alone. + +Spreadsheet Link + +[https://docs.google.com/spreadsheets/d/1SWK2krtYHqrGu222bVGhRwTP9niW-0t-\_9Bbpwru3jY/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1SWK2krtYHqrGu222bVGhRwTP9niW-0t-_9Bbpwru3jY/edit?usp=sharing) +This can't be repeated enough. If money is tight you can effectively be earning by being patient and diligent with customer service and lowering your bills. + + +Internet - do an online speed test daily, it will pretty much never be at where they promised. Call them (I usually stick to live chat, I can do it while I cook) and ask for a refund for the past 72 hours. If you are lucky enough to have competition, show them a competing rate and ask them to match it. If you're bold, set a cancellation date for a week from now, they'll call and send offers for lowered rates daily, if they don't then after a few days tell them you're not cancelling. If you think you got an apethetic support rep, hang up and try again or ask for their superior. Persistence is key. + + +Car insurance - it isn't too hard to get a bidding war going. Go back and forth between a few companies to see who will go the lowest just be sure they're offering the same coverage. Show each company the offer from the other as you go. There are also a lot of discounts they may not advertise outright that you can discuss with an agent - loyalty, early pay, safe driving, paperless, bundles etc. You can also ask them about courses you can take over the weekend that will lower your rate. + + +Credit card - call once a month and ask if they'll lower you're rate or extend your credit. It takes 10 minutes and if you're not missing payments you'll be surprised how often it pays off. + + +I spend an hour or so every other Sunday haggling with whoever I owe money and it has saved me tons over the years. I actually haven't paid for Internet in 6 months if you count the gift card I got for new customers (cord cutter, no TV). + + +Edit: here is where I meant by speed test http://www.speedtest.net for those not familiar. +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) +I've seen posts like this before but I was never able to empathize with them until now. + +I'm in my mid-30s and I recently retired from an 8-5 job. I still have some consultancy gigs that take up about 4-6 hours of my week. My husband is still employed but that's because he loves his job and the work environment but he also plans to retire in 5-6 years or shift to a consultancy role, if circumstances allow it. + +Anyway, since sharing to my friends that I've retired, I've encountered some hostility and snarky comments. Some have also invalidated all the planning and effort I've put into this and reduced it to mere luck. Even my long-time friends have conveniently forgotten that I started work at minimum wage and their starting salaries were double or triple of what I used to earn 15 years ago. Even family members have shamed me for my early retirement and the few who made positive comments are now angling for a loan. It's not like we have a lot, it's just that we only need little to survive because our mortgages are paid off and we don't have kids. + +I know it's very trivial and a first-world problem but I can't help but feel ganged up on and invalidated over something that I've worked hard for (I've been planning on early retirement since uni days because I was working two jobs living paycheck to paycheck while taking my degree. I also introduced the FIRE movement to my now-husband when we started dating). And it's not like I'm announcing my retirement to everyone, just when people ask where I work now or what I'm up to. + +So my question is, how do you react to snarky or shaming comments about early retirement? How do you celebrate wins without looking like a braggart? Do you have close friends and family who are genuinely happy for you? What do you do when it feels lonely on FIRE-ing early? Do you avoid questions about FIRE so as not to be judged negatively? +UK based. Nearly 50. Half of a couple with no kids. (EDIT: I am married, with a husband.) Have just hit £3m in savings between us, not including our house. Roughly half in pensions and half not. No debt, no mortgage. + +The £3m is mostly in tracker funds, with a chunk of bonds, and perhaps a little too much cash (10%). + +Our spending lies somewhere between £50k per year as a pretty comfortable minimum, and £80k per year (or more) with increased travel, a new car occasionally +, or whatever. So even allowing for fees and taxes, we can more than survive on a 2% Safe Withdrawal Rate. And if we edge up to 3% we’re laughing. + +I used to enjoy my work, but not so much these days. So I think I’m ready to take the plunge. But the twin calls of “one more year” and “you need something to retire to” are holding me back. + +My plan is to quit and take six months off. With the aim that it’s an experimental retirement. If I like it - and if the markets don’t crash horribly in the next six months - I’ll extend it. But within the next year I reckon I could get another decent job, if needed. + +Any thoughts or words of encouragement? + +EDIT: thanks for all your comments. They gave me the added courage needed to actually resign today. I did it!!! +Admittedly I don't really pay much attention to her ramblings on anything, but I see stuff about her mentioned on here from time to time. + +My aunt is visiting, though, and she loves MSNBC so we've had that on quite a bit for the past few days. + +Liz Warren comes on this morning to talk about the war in Ukraine. Then the topic turned to crypto and how Russia is using it to bypass sanctions, but... + +...literally EVERY point she made was either flawed or completely false. + +How the heck is the crypto community going to achieve true mass adoption when we have people like her in positions of power who are inhibiting progress? + +It reminds me of Andreas Antonopoulos mentioning years ago about how people were so against electricity at first because... + +"IT"LL CAUSE FIRES! EVERYONE'S HOUSE WILL BURN DOWN!" + +***or*** + +"WHY SHOULD WE CHANGE? CANDLES AND OIL LAMPS WORK FINE!" + +The mountain of naysayers just seems insurmountable right now. + +Give me some encouragement, /cc! +https://www.cntechpost.com/2020/10/14/jp-morgan-sharply-raises-nio-price-target-to-40-representing-85-upside-potential/amp/ + +JP Morgan analysts led by Nick Lai raised their price target on NIO sharply to $40 in a report released on Wednesday. + + +NIO shares closed at $21.62 on Tuesday, and JP Morgan's price target means NIO has 85% upside potential. + +NIO shares went up by more than 7 percent in pre-market trading on Wednesday. + + +JP Morgan sharply raises NIO price target to $40, representing 85% upside potential-cnTechPost + + +JP Morgan's last rating on NIO was Neutral and was made on June 21, when the price target was $14. + +In its latest report, JP Morgan gave NIO an Overweight rating and admitted that "we missed the stock's major rally YTD." + +The report said Nio remains attractive from a long term perspective. + +We are upgrading the stock to OW from Neutral and set a new Jun-21 PT of USD40 based on 3.0x 2025E EV to sales. + +Admittedly, we missed the stock's major rally YTD. Instead of trying to justify a higher PT, we review our long term investment thesis based on our bullish top-down sector view, introduce 2025 earnings projection and draw implication to the current stock price. + +We come to the conclusion that Nio remains attractive from a long term perspective. + +We project the company to earn a ~7% market share in passenger EV market by 2025 or specifically ~30% share in the premium space which Nio focuses on. + +In the near term, key catalysts would include: + +1) anticipated solid 3Q results in mid-November, where we forecast GPM to further expand to ~12% vs. 8% in 2Q20. + +2) Robust order backlog, in particular, the newly launched EC6 crossover model for which the wait time is around eight weeks due to initial productionramp and very strong demand. + +3) A new sedan model scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs - ES8 and ES6, and one crossover - EC6). + +Following the introduction of our 2023-25 earnings forecasts, we lift our Jun-21 PT to USD40 based on 3.0x EV to 2025E sales, the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales, which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Previously, we followed average of three approaches in Nio's valuation analysis including EV/sales, PER and EV/EBITDA, which gives us a PT of USD36. + +Considering consistency of valuation methodology across EV OEMs under coverage, we now move Nio's approach to EV/sales. + +Investment Thesis, Valuation and Risks + +NIO Inc. (Overweight; Price Target: $40.00) + +Opportunities in 2021: + +(1) Rising NEV penetration with an emerging and structural shift from "B" to "C" – with Tesla's localized Model 3 and aggressive pricing; we see an increasing (and unexpected) trend where more EV buyers are individuals, rather than corporates or individuals living in cities with purchase quotas – this structural wave could broaden EVs' addressable market, but lead to faster concentration in the EV business; NIO could benefit as long as it stays within the top 10 by market share. + +(2) The extension of the NEV subsidy program toward 2022, where the battery swap business model is covered by the government's subsidy scheme, is encouraging. + +(3) We project a meaningful pickup in new model launches, especially in 4Q20, along with the new model, EC6. The new sedan model is scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs- ES8 and ES6 and one crossover- EC6). + +Valuation + +Following the introduction of our 2023-25 earnings forecasts, we lift our Jun-21 PT to USD40 based on 3.0x EV to 2025E sales, the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales, which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Previously, we followed average of three approaches in Nio's valuation analysis including EV/sales, PER and EV/EBITDA, which gives us a PT of USD36. Considering consistency of valuation methodology across EV OEMs under coverage, we now move Nio's approach to EV/sales. + +Risks to rating and price target + +Downside risks include: + +Worse-than-expected execution and delivery of vehicles; + +Worse-than-expected overall auto market sales/EV demand; and worse-than-expected competition from rivals with products at similar price points. + +Summary Investment Thesis and Valuation + +Investment Thesis + +Opportunities in 2021: + +(1) Rising NEV penetration with an emerging and structural shift from "B" to "C" – with Tesla's localized Model 3 and aggressive pricing; we see an increasing (and unexpected) trend where more EV buyers are individuals, rather than corporates or individuals living in cities with purchase quotas – this structural wave could broaden EVs' addressable market, but lead to faster concentration in the EV business; NIO could benefit as long as it stays within the top 10 by market share. + +(2) The extension of the NEV subsidy program toward 2022, where the battery swap business model is covered by the government's subsidy scheme, is encouraging. + +(3) We project a meaningful pickup in new model launches, especially in 4Q20, along with the new model, EC6. The new sedan model is scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs- ES8 and ES6 and one crossover- EC6). + +Valuation + +Our Jun-21 PT of US$40 is based on 3.0x EV to 2025E sales- the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Sorry if formatting is off, on mobile app +Edit 2: I want to make another Edit at the beginning of this post to clear up misconceptions about this post. The title of this post says "buying spree" but I'm just reusing the language used in the article quotes. The said buying spree likely consisted of longs, shorts, options, swaps etc. to stop their portfolio from collapsing. + +Okay, I think I just figured something out + +I want to start by prefacing that this is my first ever DD post, so I apologize if there are any formatting issues, and I am open to criticism here. Also, none of this is financial advice. + +TLDR; Bill Hwang ordered his traders at Archegos to go on a buying spree in March 2021 when his inflated portfolio started imploding on itself. We witnessed this buying spree on March 10th when the price of GME dropped from $348 to sub $200 levels and I am speculating that this price drop happened because of the rampant "buying spree" by Archegos, + +TADR; Read the title. No cell, no sell. DRS, HODL. + +Okay let's get into it, From the SEC press release today: + +"The SEC’s complaint alleges that, from at least March 2020 to March 2021, Hwang purchased on margin billions of dollars of **total return swaps.** These security-based swaps allow investors to take on huge positions in equity securities of companies by posting limited funds up front. As alleged, Hwang frequently entered into certain of these swaps without any economic purpose other than to artificially and dramatically drive up the prices of the various companies’ securities, which induced other investors to purchase those securities at inflated prices. As a result of Hwang’s trading, Archegos allegedly underwent a period of rapid growth, increasing in value from approximately **$1.5 billion** with **$10 billion in exposure** in **March 2020** to a value of more than **$36 billion** with **$160 billion in exposure** at its **peak in March 2021."** + +Using Swaps, we already know this because is was called by none other than the brilliant Pomeranian u/criand himself. the next paragraph gets juicy: + +"The complaint also alleges that, as part of the scheme, Archegos repeatedly and deliberately misled many of Archegos’s counterparties about Archegos’s exposure, concentration and liquidity, in order to get increased trading capacity so that Archegos could continue buying swaps in its most concentrated positions, thereby driving up the price of those stocks.  **Ultimately in March 2021**, **price declines in Archegos’s most concentrated positions allegedly triggered significant margin calls that Archegos was unable to meet,** **and Archegos’s subsequent default and collapse resulted in billions of dollars in credit losses among Archegos’s counterparties"** + +Source: [https://www.sec.gov/news/press-release/2022-70](https://www.sec.gov/news/press-release/2022-70) + +Hmm, okay so Archegos' portfolio was starting to collapse in March 2021... what did Mr. Hwang do about this? Well let's look at this Bloomberg article: + +"The indictment said Archegos’s positions were inflated with the use of borrowed money and derivative securities that required no public reporting. When the market turned against the positions in March 2021, **Hwang directed the fund’s traders to go on a buying spree in an attempt to prop up their price, federal prosecutors charged.**" + +Source: [https://www.bloomberg.com/news/articles/2022-04-27/archegos-founder-hit-with-criminal-charges-in-massive-fund-rout](https://www.bloomberg.com/news/articles/2022-04-27/archegos-founder-hit-with-criminal-charges-in-massive-fund-rout) + +Another source, the WSJ: + +"The dynamics favoring Mr. Hwang had shifted by March 2021, by which time his strategy had left Archegos highly vulnerable to volatility in a small number of stocks. Already pressured by mounting losses in companies including Baidu and Farfetch, the announcement of additional financing by ViacomCBS in late March sent its stock price falling and effectively triggered the unraveling of Archegos. + +Rather than sell positions to meet margin calls from lenders, prosecutors allege, Mr. Hwang told his traders **“to engage in a desperate buying spree in an attempt to reverse the price declines of stocks underlying Archegos’s core positions.”** But the efforts couldn’t staunch the bleeding." + +Source: [https://www.wsj.com/articles/archegos-founder-and-cfo-charged-with-securities-fraud-11651059901?mod=business\_minor\_pos4](https://www.wsj.com/articles/archegos-founder-and-cfo-charged-with-securities-fraud-11651059901?mod=business_minor_pos4) + +I'm most of us are familiar with what happened on March 10th, 2021 to the price of GME stock, but for those who are not, here's a chart: + +[Source: https:\/\/www.cnbc.com\/2021\/03\/10\/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html](https://preview.redd.it/du2knm88n4w81.png?width=740&format=png&auto=webp&s=b92dffa4799136b03a808fc65e809b91ed24c59c) + +The price of GME dropped from $348 to under $200 dollars in 25 damn minutes. I believe that this was an instance of Archegos going on a said "buying spree" to try and avoid being margin called. + +Now I'm not 100% on the dates of all these events, all I know is that this happened in March 2021, and the March 10th connection is purely based on speculation from me at this point, but I'd like to hear feedback from the community to get some more perspective. I could be wrong here, but this clicked in my head just now, and I had to write up this post. + +Hedgies are fuk. + +Edit: I want to make it clear that I am speculating that Hwang ordered his traders to go on this "buying spree" which would also include shorting any stocks they had short exposure to. So not necessarily going long on something but going on a "spree" of inflating their positions (short and long). + +Edit 3: changed flair to speculation/opinion +They say we have to transfer because: + +> "If you would like to pay your rent via direct debit, even if you have an existing direct debit with us it will no longer be valid as it is non-transferrable between financial institutions" + +It sounds like they should've thought that through and they can have fun explaining the situation to their unpaid customers. +My own personal 50% dip.... +Now I have oodles of time and not much time to retirement. I can't earn enough to make up thus shortfall. Whoever said marriage is the biggest financial decision of your life wasn't lying. Learned too late in my case. +Anyway, I think I am reasonably intelligent very persistent and now desperate as well. I need to make small amounts of money without risking all of my capital. Would you be kind enough to walk me through some trades say for tomorrow or next week +I will papertrade it and learn. +I truly do not need advice on hold and invest. I know all the usual caveats. This is a Hail Mary ... +I do believe in long term investing with indexes etc but need to start making some money over the standard 5-7% they say you get from the stock market over the long term. +Thanks for your advice and restraint! +Edit: +Say I have 10k to play with. Can I make 50-100 a day setting up trailing stops and what not ? +Whatever extra I make I will save as cash and buy the index when it dips ladder down ... +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +As investors we need to make noise about the DTCC's potential securities fraud with the recent Gamestop 4:1 split via dividend. + +&#x200B; + +This is international now - brokers all around the world have potentially been lied to and are committing second hand fraud - which is a risk to their business model. Although we cannot report directly to the FBI, if enough noise is made then it may show up on their radar (if it hasn't already). + +&#x200B; + +How can we help raise awareness? Contact your national news outlets. Contact your embassy, contact your governors. Contact Youtubers who cover this type of content/wallstreet/finance. Contact your brokers and tell them they may be at risk by following the DTCC's instructions. We live in the internet age my friends - we have endless media outreach at our fingertips and can use that to our advantage. + +&#x200B; + +What happens when you search 'Gamestop stock split fraud?' Absolutely nothing. Why? Because we are being silenced. + +&#x200B; + +Will you be silenced forever or will you make a stand? +Hi, this is my first real Reddit post so I'm a little nervous. + +I'm Matt, I'm 17 and I still live at home. I have a job where I make about 500-700 dollars a month. I have about 750 in savings right now, but I would like to save more money, or for that matter just invest it so I make more, that way I can move out when I turn 18. + +Any advice is appreciated, thanks! + +Update: I've been getting a lot of replies telling me I need to find a career, which I already have something in mind! I'm actually already attending a vocational training program for high schoolers at my local community collage, and at the rate I'm going, I'll graduate high school with my associates degree in fire science. +I'm also a volunteer firefighter at our local department. + + +I work in two public libraries part time while i'm in college and can't stress enough how incredibly cost effective they can be. We offer so many free services from books and movies to free classes and skill training. + + +The greatest thing right now is that we offer free tax assistance from local experts. Depending on where you live, services may be great or sub-par because it depends in property values and state funding etc, but the overall sentiment is that it's the one place you can go where we're not trying to sell you something. We want you to succeed by offering the tools you need. Libraries are so self-aware and are absolutely keeping up with the times. + + +I'm on the east coast US and we are getting 3D printers, have cloud services, and have digital e-book downloading. It saddens me when libraries are overlooked for such basic things like free internet. We are here to save you money and to, again, give you the tools you need to succeed. The only draw back I see to them is that we live in the "now" society. Some items you have to wait for, but if demand is high, we buy another copy. + +Edit: We also have Job/Career services. Just ask and see what services they provide. If they have a website it's going to be listed on there. +I’ve been mostly happily employed in a field that really suits me for 19 years. I make 50k. I get to go outside, do interesting projects and have light supervision. But the budget has been increasingly tightened. I can’t hire and retain adequate staff and most importantly I have regularly worked 50 hours and occasionally 80+. Work demands are weirdly flexible. Go home at 3? No problem. Something breaks- 24 hour shift, mandatory. Lots of weekends. But doing things I like. + +Yesterday I gave notice to my employer. 30 days notice but I have 6 months of vacation in the bank. So I might work 5 more days total. My real estate portfolio cash flows enough to cover my expenses and my partner makes a whole lot more than me making my w2 income pretty meaningless. That 1099 income probably won’t continue too much longer, but it doesn’t need to. She is a top producing agent, but I really don’t think fat city can continue forever. She is tracking for 10mm in sales this year. I am heavily involved in her business and more help should easily cover my salary by boosting sales. + +It really boils down to time. I don’t want to have the job with fixed obligations. My job had the lowest return on time. + +Age lower 40s + +Annual household spend: 60k + +Minimum spend: 35k + +Public Pension at 65: 20k annually + +Social security: unknown bonus + +Kids: 3 + +College funds: as loaded as I want them to be. + +401k: zero (partner has significant 401) + +IRA: nearly zero + +Real estate portfolio: 1.7 million equity, shared. +(Roughly 50% leverage on 3 million in houses) + +Rental Cash flow: 60k + +Cash: 200k (used as a house flip fund) + +Home equity- not really relevant. + +other investments: 10k crypto, 10k brokerage, some beanie babies and 1 gold coin. + + + +It isn’t really traditional. I know some of you would argue it isn’t ‘real’ retirement if I still manage rentals. But I don’t care. + +I’ll flip an occasional house for the next 5 years and make my withdrawal rate zero. I’ll actually contribute to retirement accounts now and build a more traditional portfolio since the pension is not an option. If the market holds we will probably start divesting property and lean into index funds more. If not we will weather one more cycle. + +How will I spend my time: +Spend 20 hours a week plus with kids and partner plus … + +September: move into new house, prep old house for rental. +October: 6 day raft trip, Vegas trip, start kitchen remodel, kids’ first hunting trip. +November: 12 day Mexico vacation, finish flip #1 (mostly contractors) +December-January flip house #2 +Jan-March. Ski 2x a week +March-June coach soccer, kayak, fish. Find flip #3. +Summer 2022: raft, run, backpack, climb. Find a fall flip. + + + +Short term outdoor goals: climb pingora, 10 day backpacking trip, fill freezer with elk, back in marathon shape. + +Medium term outdoor goals: PCT or CDT, kayak Grand Canyon, big Alaska hunt, maybe archery. + +Short term financial: flips fund life. Savings rate stays above 80%. Another year of 10mm sales. Build the moat. + +Medium financial goals: + +Reduce property exposure by half. + +Give each kid a duplex. + +Outsource management. + + 2mm index funds. + +Go fully passive. + + +So yeah, I cheated. Partner makes bank. But largely because of the business we built. + +Extra clarity edit: + +Not married, but close enough for us. Not the suggested legal arrangement for safety, but We are happy. + +We spend 60k + +She makes 200+ as a real estate agent. +She contributes 60k to the household account. + +She keeps the rest for taxes and her personal retirement accounts. + +Up to this point I have contributed significantly to her agent endeavors and counted the household contribution as adequate compensation. But going forward I am somewhat likely to draw a salary from her agent llc, and some from our rental llc. This would allow me access to 401k and employer contributions to help the tax situation. + +I make 60k flipping houses part time. it goes to the household account, I pay the taxes out of my salary. + +The rental cash flow is also about 60k. We haven’t been spending it. Just paying down mortgages to de-lever. And until the last couple years that was the source of down payments. This is newly available money. Things were tight during expansion. + +We put the extra 60k into a flip fund or pay down mortgages if we have enough. The flip fund finally has about what we need, freeing up significant money. + +‘Finishing’ expansion of the portfolio and declaring the flip fund full is what frees up the money for me to end my salaries w2 job. + +Yes she makes amazing money, and I am very fortunate to have access to a good chunk of it. But if it dries up tomorrow we are still covered for household expenses in 2 other ways. Flips and cash flow. But these investments are HIGHLY CORRELATED RISKS. So we are still stacking money away in more traditional ways. Cash flow rises every month. For the next 30 years will will add about 500 a month to cash flow every year via mortgage pay down/ pay off. The business is built to be increasingly lucrative, allowing it to go more passive. + +Her income is stored away out of my reach. I’m sure she would bail me out if things got rough, but I have no intention of needing it. It is just another layer of security for her as she is super risk averse. I’d have her mostly retire in about 2 years if I had my choice. She is younger than me though and has a very long retirement to look forward to. The actuarial tables say 46 years! + +It was hard to convince her to lever up. The mortgages still freak her out. So her having a nice personal cushion is totally fine with me. + +From my point of view there is plenty of money. I want for nothing. So I have no reason to further lean on her income. She works hard. She deserves it. She can stack another million if she wants. I don’t need or want it. But it is nice to know it is there! +Hello, + +I am a 25 year old man and I managed to buy and pay off a house while in the Army. I own the house outright and is valied at about £275k. + +I am starting my course in September and I'm concerned about finances. + +I am about to start a job on 37k a year which will allow me to save plus my house is being rented for another £800 a month. + +Where it gets complicated is that I have an ongoing legal case with my Mother's will. +I am currently living at her house that was meant to be mine but due to the will issue is currently owned by no one. + +This case is costing about £400-£1200 a month and is consuming my savings. I have about 30k saved but I can't touch 20k of it as it's staked in ETH. + +I am thinking of selling my property and paying for uni outright as well as any costs of living and legal I may face. + +Am I being an idiot thinking this is probably the best course of action? + +It's a 2 year degree but I will most likely do a master's there. So 3 years overall. + +Edit: Yes I've just started a well paying job, I absolutely hate the industry I'm perpetually stuck in and would rather off myself than stay in. I need this degree to restart my career in something I care about. I fucking despise logistics. +My father passed away suddenly last weekend at 53 and my mother is worried about a lot of things. + +The first hurdle is that even though they were together for 30+ years they never married, he never named her as a next of kin on bank accounts therefore they become my responsibility. Obviously I know the money is my mothers and she will get this however are there legalities? + +The second thing is they have 3 properties (in both names) she is thinking she might have to pay inheritance tax half of the value? Is this the case? He also had a decent pension, again will she need to pay tax on this? If she hasn't been named as a next of kin will she even get it? + +Just needing some quick answers as she is in no way fit to go see a financial advisor but her head is all over the place thinking about this. +The current market seems to be largely driven not by organic buying and selling, but by exchange driven manipulation of the spot market to exploit the current dynamics of leverage trading. We just saw it again now as they liquidated 3K longs but you [can see this pattern of clear manipulation over and over in the last few weeks ](https://i.imgur.com/LpgnksQ.png). + +We have seen several forces set an incentive for exchanges to do this: + +* Consistently declining volume - this leads to lower total fee revenue for exchanges, and an incentive to manipulate the price in order to earn revenue through liquidations rather than trading fees. + +* Move towards more leveraged positions - both leveraged shorts and leveraged longs are [at or near record levels.](https://i.imgur.com/ljSohM5.png) Shorts especially have gone from 8K outstanding in January to 33K right now, a whole tripling in outstanding positions. + +* Move away from the spot market and towards derivatives - Anybody who has been checking [the combined orderbook](https://data.bitcoinity.org/markets/books/USD) over the last few months has seen Bitmex completely take over the market, while GDAX, Bitfinex, Gemini and others see consistent declines. I've noticed myself an increased interest across the Internet on how derivatives work and anecdotely I have seen more people move away from the HODL meme and towards trading taking high margin bets with a portion of their stack. + +Some exchanges like Gemini have reacted to all of this by increasing their trading fees by 400%. Meanwhile Bitfinex specifically seems to be using its hefty weight to manipulate the price in order to capitalize on the record number of people using margin to bet. + +Both longs and shorts are bets on the price moving up or down and they have a "liquidation price" at which they get liquidated by the exchange, essentially the exchange gets the entire stack they bet with and extracts a high market fee multiplied by the leverage. Since the exchanges know the characteristics of the outstanding shorts/longs, and since volume is low after these pumps or dumps leading to sideways drift, they can essentially engineer movements in price that create income in terms of liquidations. When there are lots of overleveraged shorts, an exchange can pump the price with bots briefly and collect the short position. Same with longs but in reverse, a quick burst of selling pressure. + +You can see this in the most recent pumps too on Bitfinex, where 1K buy orders appear out of nowhere after long sideways movement only to be followed by either sideway movement or slow bleed on pathetic volume: + +https://i.imgur.com/3YaWVBI.png + +https://i.imgur.com/pvpcd7Z.png + +Take a look at the most recent pump up to 7K, it instantanously liquidated about 700 short positions: + +https://i.imgur.com/3sCLEB8.png + +Now this last dump was a laddered 12.5K sell order on Bitfinex that liquidated around 3K long contracts + +https://i.imgur.com/znYyUT8.png + +Bitfinex tends to be where the big money traders move (their minimum deposit is 10K) so even if each long position was only 0.5 BTC on average they exchange would make a ton of money. If you look at the BitmexRekt twitter feed that shows a running list of Bitmex liquidations with humorous commetary, [you will see many >$1 million dollar positions being liquidated during these moves.](https://i.imgur.com/fbeJxOT.png) + +This is what all the "Bart" formations we have seen stem from. Its not George Soros pumping Bitcoin for shits and giggles, nor is it the nebolous "whales". They have no incentive to try and pull off PnDs now that it only leads to either sideways movement or decline after the pump. A PnD only works if the delta between the top of the pump end point and dump initiation point is positive, while now it seems to be followed by sideways movement. Those who do want to bet on further upward movements seem to be doing it off the spot market, using margin with futures and perpetuity swaps on Bitmex. This makes the low volume spot market ripe for manipulation, exchanges like Bitfinex and Bitmex have every incentive right now to manipulate the price. + +Looking back it seems almost inevitable that this would have happened, that traders would try to replicate the gains they saw by buying and selling on the spot market a few months ago by using increased leverage and derivatives. In December and January there were days where your holdings would increase by at least 20% no matter what you bought. Once you experience those 20% daily gains you don't want to go back to a market where it slowly bleeds down a few percent every week, so people jumped in on high leverage short positions to multiply their profit on those single percent moves down. + +For the small time investor there really isn't much you can do to stop this. This is what being part of an unregulated market means, it means that things like wash trading and long/short liquidation hunting is allowed. + +All you can really do if you're a trader is look at the current ratio of longs vs shorts on Bitfinex and be aware that once short contracts become too high its possible that an exchange may pump the price to profit on it, while if the longs become too dominant we may see a dump. + +Edit: Bitfinex, not Bitfenix. + +Hey there, I recently got a job that has a lot of free time to listen to audiobooks. + +Since I have started this job, I have actually been able to start saving money, instead of it all going to living expenses and bills. My work situation is 2 weeks on, 1 off. I want to utilize that 1 week off to start improving my financial situation rather than spending the money I just made. + +What books would you recommend I listen to, or read, that will help me stay focused on goals, use my money to make more money and get ahead, rather than waiting every 2 weeks for a pay check? + +Thank you! +My employer does not offer 401(k) or any kind of retirement planning so I’m doing everything on my own. At the moment I am maxing out my Roth IRA and I’m looking to Invest extra savings . + +Currently have no credit card debt and only a car note that is 0% interest. My savings are In the 30k range and I have an extra 4K that I would like to invest. + +Saw VOO as an option but I was wondering if there are other options that might work better? + +Thank you in advance. +Hello Guys! As you may have seen I am facing debt and I am looking for honest advice. + +I live in Colombia (from there as well) and I have been trying to create this business over the past 5 years (Have been quite unsuccessful and my deficit has grown). + +Right now I owe around 80 million COP to the banks (Colombian Peso), which's quite a sum bearing in mind that the minimum monthly salary is around 300 USD! (Fawk) + +I own my home which is currently valued at around 450 Million COP and I must make a decision soon as next month banks will grab me by the \*\*\*\*. + +I have been thinking of selling the house in order to pay the 80 M in debt . I want to invest with the remaining 320 M but yet I have to find to place to live on. + +I want to buy an apartment or a new house but they both cost around 300 M COP. + +I think it's quite important to own a place but my son argues with me about it, He tells me to rent with such money and use as much as I can to invest without limiting my potential liquidity of (300 M) + +I don't honestly know what the best solution might be, which is why I would like to hear your suggestions! I need some perspective on this +My partner has woken up to hundreds of dollars of UberEats charged to her bank card overnight, leaving the account balance overdrawn by hundreds. +She has contacted the bank, but they said they can't do anything until the charges are no longer 'Pending', and to contact UberEats. she tried to contact UberEats (which is incredibly difficult) but as the activity isn't showing on her UberEats account, they won't do anything and said contact the bank. +She's having a meltdown right now because she can't afford her wage going into an overdrawn bank account and instantly being absorbed. +What can we do? +Hi, I recently retired with to much time on my hands and as things are settled and are in place for the rest of my life and after it ends I am looking for some new hobbies to learn. + +Now you might ask, why does a millionaire need to Day Trade? Well, why not? I have nothing else to do and have tried mostly a lot of random acts of boredom, and as I plan on living for a long time, I want to invest into myself more and maybe find ways to help others. Seems rational enough for me. + +My question is, where would you start and what would you learn? Also any tips towards speeding the process and learning faster, as money isn't an issue. + +P.S: I am currently living in Canada if location is necessary. + +Any help would be appreciated and delightful! + +Yours truly, A. +A key bottleneck to the whole coronavirus testing process is online screening. During the press conference Trump said it was being provided by google with a team of over a thousand engineers getting it working. + +Google/Alphabet now is denying all of this with a clarification after the press conference. Alphabet's subsidiary Verily is just working on screening in a pilot in San Francisco and didn't know at all what the press conference was talking about: + +>We are developing a tool to help triage individuals for Covid-19 testing. Verily is in the early stages of development, and planning to roll testing out in the Bay Area, with the hope of expanding more broadly over time. + +Source with more details: + +https://www.theverge.com/2020/3/13/21179118/google-coronavirus-testing-screening-website-drive-thru-covid-19 + +Leave aside the Google/Alphabet distinction that they mention one time in the article (which is nitpicky for clickbait), and look at this: + +>Carolyn Wang, communications lead for Verily, told The Verge that the “triage website” was initially only going to be made available to health care workers instead of the general public. Now that it has been announced the way it was, however, anybody will be able to visit it, she said. But the tool will only be able to direct people to “pilot sites” for testing in the Bay Area, though Wang says Verily hopes to expand it beyond California “over time.” + +That's the website they promoted during the press conference, and "now that it has been announced the way it was" indicates they didn't coordinate with them on the announcement at all. + +https://www.businessinsider.com/google-building-coronavirus-test-website-trump-says-2020-3 +The average Costco warehouse in western countries average around 60k subscriptions. In other Asian countries a warehouse might get around 100k subscriptions after 2 years of being open. + +After the Warehouse in Shanghai opened in late 2019, its subscription count grew to 250k in under 3 months. With the warehouse shutting down local traffic and being forced to close early due to the chaos that ensued on opening day. + +Costco plans on opening a second warehouse in Suzhou. And may grow more rapidly after they gain more experience with operating in China. + +"We typically open 2-3 locations in a country, and see how they operate over the first couple of years, ... We are off to a good start with our first opening last year." - Richard Galanti, CFO, + +"It may take a couple of years to improve efficiencies. That’s one of the reasons why we generally go slow in new countries because we want to get it right from customer experience and also from the operational side," he added. + +With China’s growing middle class and Costco’s brand being extremely popular among the Chinese... It could be plausible that China will end up becoming the majority of Costco’s revenue one day? + +Sources: + +https://www.google.com/amp/s/amp.cnn.com/cnn/2020/08/27/business/costco-china-intl-hnk/index.html + +https://asia.nikkei.com/Business/Retail/Costco-plans-more-China-openings-as-sales-boom-at-Shanghai-store2 +I often see the Scandinavian countries ranked highest in the list of happiest countries in the world. I assume that is partly because the happiness of the poorest have been raised a lot. + +If one only considers the top 1% or 10% wealthiest people in countries, however, who would then rank highest? I.e. in what country is it generally best to live if you are rich? + +Has any such study been done? I can't find any on Google. +It was taken private in 2016 at a valuation of 1.35Bil. Tomorrow at IPO they are pricing shares at $17 for a valuation of 2.72 billion. Really? It's doubled in a 5 year period? No. It hasn't, this is JAB holdings realizing they bought something they probably shouldn't have, milked it for all it's worth and trying to scrap it for more then it paid for. + +What are some RED FLAGS you might ask? Take a look at the S-1... + +Of the last three fiscal years, it's only lost money in the last three. Said otherwise, 100% of the time of the required amount they need to show they have lost money. FY19-FY20 Organic revenue growth of 1.2%.. That won't even beat inflation. On the bright side- bottom-line was negative. They went from only losing 37 million in 2019 to losing 64 million in 2020. I didn't look to much more in-depth at the S-1 to see the valuation even though below the $21-24 they initially were trying to get. + +It also has a billion in debt it didn't have when it went private.. curious... + +&#x200B; + +Don't be a fool, don't buy Krispy Kreme. The fresh donuts are delicious, but the stock is a no-go. + +&#x200B; + +S-1 filing on [SEC.GOV](https://SEC.GOV) \- [https://www.sec.gov/Archives/edgar/data/0001857154/000119312521177720/d107564ds1.htm#rom107564\_10](https://www.sec.gov/Archives/edgar/data/0001857154/000119312521177720/d107564ds1.htm#rom107564_10) +If you are here asking what you should buy, how much you should allocate and to where, whether you should buy now or DCA over time, or if your post can be summated to “will this ticker(s) go up from here?”, then fuck off! + +Nobody knows anything. + +Pelosi bought $100 $RBLX LEAPs and the stock hit an all-time low last week. + +Burry’s $TSLA puts literally fucked him in front of his family. + +Ackman just took a fucking $400mil loss on $NFLX. + +Munger doubled down on $BABA and then sold half his position at a loss. + +If your post mentions the % off all time high, fuck off. + +If your post mentions the metaverse, fuck off. + +If you’re down on your investments and your post helps you feel good about bag holding, then fuck off! + +The market will probably crash any day. Or it will melt up for 2 more years. I don’t know and neither do you. + +Nobody knows anything. + +Edit: Fixed Ackman’s loss on $NFLX +Most are new to online shopping and often don’t have smartphones, credit cards or even delivery addresses. What they do have is money to spend. [https://stockmarketnews.today/2019/01/01/amazon-reinvents-itself-the-retailer-is-targeting-hundreds-of-millions-of-new-online-shoppers-in-indias-countryside/](https://stockmarketnews.today/2019/01/01/amazon-reinvents-itself-the-retailer-is-targeting-hundreds-of-millions-of-new-online-shoppers-in-indias-countryside/) +I have around 80,000 cash saved up and was looking into purchasing my second investment property soon. Would it be wiser to purchase 1 BTC, or generally speaking diversify myself with a portfolio of cryptos? At this time, I own no Bitcoin and a small amount of eth and Ada. +I’m having a hard time committing to dropping 60-75 thousands for down payment and closing cost. Even with cash flow, appreciation , and possible tax write offs, I’m just thinking it would take to make that money back. It seems like crypto had a bright future from what I’ve seen, heard, and read these past 6 months. + +Opinions? +So, i'm at that point where me and my wife are combining income and i'm looking for advice. We have been together for 5 years and don't see a separation anytime soon (but then again, who does?).Neither of us are stupid enough to believe divorce is not a possibility in future, we can't predict the future but we obviously don't believe it will happen. We have lived together for years and understand each other's money usage. We have split all bills, food, etc. for a long time now. There is no debt besides the mortgage between the two of us. No credit cards, no student loans, no car payments. + +Up until this point we have basically used my bank account for everything and she writes me a check twice a month for "half" of what we spend. I say "half" because it's a set amount each two weeks and obviously spending fluctuates month to month but the amount we have done is a good average month to month. This has become annoying and pretty troublesome. + +One thing that we want is to have transparency but yet also independence. We want to be able to know what each other are spending from "our" money but also want the ability to have money independent from each other. I think this is good for each other's independence and ability to spend personal money without each other knowing about it. If I want to buy her a necklace I want that to come out of my money, not our money. Likewise, she wants to buy a dress from her money, not our money, without me knowing which i fully understand and support. + +So i'm looking for how you guys have your bank accounts, savings accounts, credit cards, etc. set up with your wife/girlfriend/husbands/boyfriends. Any and all advice is welcome. + +Thanks +What it do smooth brains, wrinkle brains, golden retrievers, apes, interns, and children. + +u/rimmy789 here. + +&#x200B; + +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. + +&#x200B; + +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. + +&#x200B; + +# So first. + +&#x200B; + +\[Insert Kevin O’Leary Meme Here\] + +&#x200B; + +A story. + +&#x200B; + +# Imagine this: + +&#x200B; + +“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).” + +&#x200B; + +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 + +&#x200B; + +# Game Theory + +&#x200B; + +Move over, MatPat. There’s a new theory in town. + +&#x200B; + +“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. + +&#x200B; + +# This is a Lie + +&#x200B; + +Let’s take a moment and re-examine the Prisoner’s Dilemma in terms of GME’s specific details. + +&#x200B; + +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. + +&#x200B; + +*Well shoot* u/rimmy789 *, when you put it that way, what’s all the fuss about?* + +&#x200B; + +# Hedgies Have Reframed The Competitors Of This Game + +&#x200B; + +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. + +&#x200B; + +# 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. + +&#x200B; + +# This Is All A Game But Not It Is Not A Competition + +&#x200B; + +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. + +&#x200B; + +# This Is Not True. + +&#x200B; + +By playing on the apes’ innate sense of self-preservation, they have created a game that never existed to begin with. + +&#x200B; + +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. + +&#x200B; + +&#x200B; + +# An Ape’s Escape + +&#x200B; + +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. + +&#x200B; + +Make no mistake, + +&#x200B; + +# There Is No Floor Unless Apes Create One + +&#x200B; + +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. + +&#x200B; + +*Fly high, you beautiful idiots.* + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +# My Sources + +Trust, But Verify + +&#x200B; + +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) +Hi to all. I am anticipating a liquidity event in the next few weeks in the 8 digit range. My situation has grown in complexity over the past few years, with several accounts, personally as well as holding companies. I will be doing some planning over the next few months to ensure an optimal structure but nevertheless there is some complexity. I will also be supporting some family members (lots to unpack here, but for another time). What I am looking for for now, is recommendations for a software where I can track all inflows and outflows from my different accounts and track investments across different accounts and different currencies. Hopefully something cloud based that both my wife and I can use. I know there are lots of options out there, so I was hoping for a recommendation from someone with a similar situation. Thank you and happy holidays! +Hi, + +One of those classic cheery Christmas family conversations... + +My parents are in their seventies and live together in a house worth maybe 500K, no mortgage, and no other assets, really. No will, no PoA, and I'm an only child. + +My father has a few health problems and is worried that after he passes, my mum will have to sell the house to release capital for herself to live on as his pension will stop. I'm not sure how true this is, as although my dad is quite cautious with money, he's not really one for sitting down and actually working anything out. Nonetheless, let's assume this is true for now. + +I'm in the fortunate position of being able to make up the difference from my own income, on the basis that I'd effectively get that money "back" when I eventually inherit my parents' estate. But I'm worried that in the future, if my mother needs long term care, then this might swallow up all the equity in the home. + +Is it possible for me to structure any payments to my mother as a loan, so that there is a charge on the property, thereby protecting the money I use to ensure my mum can afford to stay in her home from the local authority later on (if long term care is required)? If so, what sort of professional would I need to advise on this? Is a regular conveyencing solicitor sufficient? + +ETA - thanks all - I'm going to look into private client trust solicitors, drawdown mortgages and https://societyoflaterlifeadvisers.co.uk/ - the latter seems to have a lot of folks that are just SJP wealth managers listed and I'm not sure that's exactly what I need, but I'll take another look tomorrow. + +Merry xmas! +I just went into the supermarket this morning. One of the things I wanted to pick up was two boxes of Rice Chex. I was super surprised to see both flavors cost $7.29. Like this is at a basic supermarket too named Key Food. I was looking up prices yesterday because I was probably going to order some groceries and it was cheaper at Whole Foods and some other services. + + +I haven't bought a box of cereal in a while. I mainly buy oats because it's cheaper and last more than a week. But since I had to change my diet because of an gluten intolerance I was buying gluten free oats. But that is way too expensive for $11 a bag. Because the regular oats tend to still give me a problem. But after seeing the price of the Rife Chex I just ended up buying the damn oats and got me some raisins too. I know that will last me two weeks compared to only less than a week with the cold cereal. + + +But is there something I don't know about Rice Chex? Like I usually think of that as the standard brand of cereal like Cheerios, Rice Krispies, Coco Puffs and etc. Definitely not about to almost $15 for two boxes lol. +I've never had that entrepreneurial spirit or drive. I'd rather work 40 hours for someone else rather than 80-100 for myself. I like the security of an employer. And I have no desire to hustle or build a side business in what free time I do have. I'd rather ride out my temporary sentence for 15-20 years and be done. + +I feel like there's a lot of survivorship bias in the FIRE community when it comes to building businesses, running blogs and starting side hustles. Maybe I'm just an introvert and that it isn't for me. Anyone else just want to autopilot at their day job? +Hello all, + +Long time lurker here. Anyway I got caught up in the GME hype and bag holding BB shares at $22.25/share(CDN). Sold a 17c Mar 19! Looks like I will be doing this forever HAHAHA + +I also have no one to tell about my excitement as my friends and family don't care about options so might as well tell you guys! Love this sub! + +Edit: Thanks for the kind words and advice! Just wanted to mention that I netted $30 profit after commissions...Peanuts but I'm learning +I have an opportunity to invest in a restaurant. I think it's a bad idea and will very likely not invest but would like to discuss it if anyone here has experience in the food industry. + +It's not a high end restaurant backed by a michelin starred/celebrity chef or anything, it's being opened by a group of 4 friends and will probably be in the $$ price range. + +What I'm sensing though is that food prices are going through the roof. I think beef alone is up 30% this year and I see many restaurants struggling and closing right now as fewer people go out to eat due to real economic slowdown and perceived fears of further inflation and economic recession. + +They seem to think that it's a good time to open a restaurant because renting a space is cheap... but it's cheap because of mass vacancies which can't be good for restaurants either, right? Also, I see "help wanted" signs at almost every single business I go to, and for the first time in my life I'm seeing signs at restaurants saying "apologies for the delay, we're understaffed" + +What are people's thoughts on the current state of restaurants? I think $$$$ places are doing fine because rich people still have money to go out, but normal restaurants are suffering in my opinion. +My wife and I are looking at buying a house soon - and one of the things we'd be considering when looking at houses is 'Maybe we'd want to renovate the kitchen', 'Maybe we'd want to build a deck'. + +Is there some kind of resource that will give us ballpark figures for how much these things cost? Is it $10K or $100K? +I definitely think there are individuals who will use this money for materialistic things (and that’s okay!) but i think there is also a handful of apes who have dreams of running their own company, inventing new tech, creating new art, doing things they wanted to but bills needed to be paid. + +After the MOASS happens, it will allow them to do so. It may generate a slew of unimaginable things when these people are given time to do it. + +BUT I’m a dumb ape 🦧, what do i know? +Was able to average down the other day. Used my remaining ammo the other day and now I missed this dip which is disappointing. Till next payday! + + +Not gonna lie, this really sucks to see that the current price is the lowest in months but who gives a shit. We expected this and forgot to use the sell button. + + +Zero or many zeroes motherfuckers! +Recently saw a post asking how much you pay yourself and whether or not you rely on trading for most of you income. Thought I'd post a poll on the portfolio size of people in this sub, kinda curious to see what numbers will come up + +*Edit:* ***overall portfolio size***\*, *not just for theta strategies (sry should've made this a bit clearer earlier)* + +[View Poll](https://www.reddit.com/poll/sytphp) +So there was a post explaining why you shouldn’t sell Covered Calls. + +summary: you cap your gains, worse off than buy and hold +Personal example: SPCE, cost basis 17.81, called away by an 18c i sold 3 weeks prior when stock price was 16. Stock price when called away: 23. ‘Lost’ gains 500. Realised gains: 19 + premium of 50. + +So the argument is valid. An argument seconded by a friend in my IRL options gang. He expanded on it by saying that if the stock shot higher, you would have to put up more cash to trade the same stock for essentially the same premium. More risk, less returns. + +My counter argument was it didnt matter. All about the premium. I am selling CSPs on a company I don’t mind owning if it moves against me. Conversely, I am selling CCs on shares of a company at a price I dont mind letting go at. And if it the stock price went too high (Wtf, Kodak), it means I cannot sell CSPs on it at a price I wouldn’t mind owning it at, so move on to other stocks. + +In the end, its up to each trader to set their own goals and find the options strategies to meet those goals. There is no one strategy to rule them all. And do your Due Diligence!!! + +My current strategy: +Start: by selling CSPs on stock don’t mind owning at a price worth owning it at + +If assigned: sell CCs on stock at or above assigned price at a premium worth collecting as close to expiry as possible. I find 3 weeks out to be usually decent. + +Never: set CC prices at a loss. Go 3 months out if you have to but sell it at or above assigned price. + +Don’t bother: trying to do cost basis trading. We are being paid premiums to assume risk. Baking the premium into your strike price is just asking for a wash trade. Our time is worth something hence /thetagang! + +Been working out for me. Its slow, and steady, and not without risks, but I’m loving it. +Thank you in advance! + +I got a new job where I bring in about $4,700 a month +I get paid $2,393 biweekly +My monthly expenses without paying my cards are as follows: +Rent: $1144 1st (I’m a month ahead on rent already and pay it biweekly - $572 every time I get paid) +Car Payment: $171.69 24th +Car Insurance: $192 3rd +Phone: $50 23rd +Spotify: $15.99 2nd +Hulu: $12.99 8th +Gym: $22.99 17th +iCloud: $2.99 19th +Apple Care: $9.99 19th +Total Reoccurring: $1622.64 + +My total CC debt between my cards is: +$7,692 + +how much should I pay to pay them down so I can get to a small usage so I can start saving more money to move in 1 - 2 years +The cards and balances are as followed: +Min payments for all total about $204 but obviously want to pay more + +Amex: 26.2% interest +Balance $890.44 +Due Date 21st +Min Payment $40 + +Discover: 21.3% interest +Balance $1514.37 +Due Date 22nd +Min Payment $44 + +Capital one: 22% interest +Balance $2380.44 +Due Date 19th +Min Payment $60 + +Apple: 23.5% interest +Balance $2906.92 +Due Date 31st +Min Payment $60 +I was forced to post this DD because I feel like there has not been enough posts on this sub about the coming housing crash and how we should all be afraid. + +You may be asking, how I know this? + +Well, for one thing, this house in my neighborhood had to be put on sale recently because clearly no one would buy it at regular price: + +&#x200B; + +https://preview.redd.it/spf426jtykb71.png?width=1500&format=png&auto=webp&s=bdd4a8d84ee535ba09e474d94331a52ea7632dac + +Also there is no lumber shortage, as evidenced by all this lumber I recently saw (on bing images): + +&#x200B; + +https://preview.redd.it/wihtde82zkb71.png?width=1438&format=png&auto=webp&s=cdf335cdf3e0493416cd6515a670338a0056ff74 + +Plus, as we saw in during the great depression, things that are expensive always get cheaper. For example: lambos (my next DD will be about the lambo crash). Here’s a picture of mine: + +&#x200B; + +&#x200B; + +https://preview.redd.it/kav733brykb71.png?width=1920&format=png&auto=webp&s=f74d10a322448da30ee965ca1f02f8a2342f5af8 + +Now, some of you might be saying this DD lacks any technical analysis or numbers for that matter. To those I say: fuck you nerd but also I say, I got you covered: + +&#x200B; + +&#x200B; + +https://preview.redd.it/w90jm4kwykb71.png?width=562&format=png&auto=webp&s=daff2840a2ab4b50135ce8f831ebf65ac15f4923 + +As you see, this curve that represents all things, clearly shows you that all that goes up, must come down. Final question, when will it all crash and burn? Tomorrow or next year, 2040 at the latest. Any other questions? Ask your mom. + +Disclosures: + +1. I’m not a financial advisor, but I did watch Big Short for the 12th time last night and jizzed my pants while air drumming to Metallica and pretending that I was Michael Burry. +2. That house is not in my neighborhood but the sign is real so fuck you +3. The lambo is not mine, but it will be after the lambo crash of 2025. +4. Positions: I have a opened a short position on my neighbor Larry’s 3/2 1800 SF because Larry is a douchebag and who needs 2 bathrooms? + +edit: I woke up and saw all the upvotes and awards and I just wanted to say ur welcome and fuck you! + + +[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!* +I am 33m. I’ve been investing since my first triplex when I was 26. My journey is not one of leaps and bounds of success. My first property barely broke even between turnover and repair cost. I used that one and 1031 it into 9 doors 5 years later. + +It’s been a slow grind to accumulate some semblance of a down payment between my day job and rental income + +My question is has anyone been able to get to a level of wealth of say $10,000/mo with this slow accumulation? + +I’ve been expanding into different markets and class C / B deals that have 10% cap rates 1.4-1.6 dcr and an annualized cash flow return of around 10-12%. I don’t anticipate significant growth in these areas but just hopefully steady income. + +Most posts I’ve been seeing on social media are heavily BRRR related or these ridiculous upswings in the market. +So, recently my wife and I have been considering purchasing a vacation/investment home overseas. She really loves Italy so I started looking around and found that property is much more affordable than I expected. + +I started searching around on Airbnb and airdna. There are lots of properties available and airdna shows most having about a 48% occupancy in some of the smaller areas. + +Running the numbers, it looks like the property would more than cover expenses and still make a small profit. For a vacation home, I am fine with not making a typical return. + +I have been doing some research on the taxes ( their annual version IMU seems to be considerably less than a comparable home in the USA) and insurance which come at a lower cost than here in the USA. + +I have found that their historic homes get regulated by their Fine Arts regulations which can be time consuming and limiting in the event you want to do some renovations or changes. + +Does anyone have any experience with home ownership in Italy? + +What are some of the more popular places that would be the best opportunity for a short term rental? We have been looking in the Puglia region as well as some of the adjacent regions. + +Looking for any input from someone who has some experience in this region. + +Thanks guys! +Just as the title says, my wife and I recently became foster parents in Vermont. She asked her boss if she could have the option to work from home some days, as our child is in middle school, and she has some disciplinary issues. Her boss said yes, but that she would still need to use sick or vacation time on those days. That doesn't sit well with me. It sounds highly illegal. She has been employed there for five years, has been given added responsibilities as the head of day-to-day operations in her department, and her boss "works from home" any time there is a snow day, school break, etc... Leaving isn't an immediate option, but i assume you all will suggest it and we will have to seriously consider it. But what should we do in the meantime? + + +Edit: thanks for all the responses! Our child is 12, and so far the disciplinary pieces have stayed attached to school and don't follow us home. Also doesn't require supervision throughout the day. Boss lady might not be making herself clear, or we may not be. The frustrating part is that boss lady has been doing this exact thing with small children for years, and shows no sign that she's actually working, ie: responding to emails within hours. So my kneejerk of it being illegal doesn't sound correct, but it certainly isn't "chill." Just one more reason she's not a good manager. Wife is salary, and they're having to work overtime for the next few months, so at least she can be home with us at night and still accomplish her tasks. Thanks again everyone, this community might be one of the best on Reddit. You're always helpful +I'm a first year undergrad at a good uni in England. I'm studying CS and Math. What is a typical career path / progression for me to get into algo trading dev. + +What things would anyone recommend I learn, read, do, or participate in? + +My dad ran off with another woman more than a decade ago. + +I haven't heard from him since, but that's not the problem. + +The problem is that fucker took out a loan under MY name when I was practically a baby and never paid it back. + +As a result, my credit score is complete trash. + +What do I do? I don't even qualify for a credit card right now and don't really have that much cash on hand. +25 years old. I have 6 months in expenses in a Savings account. + +I have maxed out my IRA 3 years in a row with vanguard index funds. + +I still have 15k extra cash that I feel weird about it sitting around not accruing interest. + +I can not get a mortgage because I work a seasonal job only 6 months of the year. + +I am hesitant on the idea of putting more money into the stock market because my portfolio is already sitting at 50% cash 50% stocks/bonds. +Hello all. Let me start with some background - Our father died unexpectedly two weeks ago, our mother has been deceased for years. Never remarried. There are four of us. We have no extended family. + +I'm writing today because I'd like your thoughts on our broad financial situation. As it stands, we are still probating assets, which is one house , one car (30k miles, all paid), and one bank account with about . We're still working on a million things, and haven't gotten to probating that, especially since there was no will. + +My father left us each about in retirement funds, and each as life insurance beneficiaries. Of the four of us, I already made the order to move my retirement portion to cash, so that I'll have over in my bank. My reason for this is so that I can readily spend and protect my younger siblings, especially the minor. I plan to pay some consumer debt, student loan debt, go back to school, and for other death related expenses of my father. I do know to set some aside for taxes, and generally speaking, would also like a decent emergency savings. After having both my parents work their whole lives to save and then both drop dead at 56 years of age, I don't really believe in retirement anymore anyway. + +My three younger siblings all stand to inherit the exact same amount, but that also includes their share of ownership in the mortgage, which we plan to keep until our youngest graduates high school in two years at least. At times, it feels like we are all at such different places in our lives, our financial goals and plans could be just as different. + +Nobody seems to have any strong opinions about using their incoming funds. We are still grieving, and trying to 'normalize' our routines, but even before our dad passed, none of us were real financial enthusiasts. + +Being the oldest, I feel tasked with providing the most options and guidance. I'm open to advice, any advice, because I'm not a finance guy myself, either. Bro1 and I plan to start families with our fiances, and we have all discussed putting Bro2's funds in something of a trust that Bro1 and I can supervise. While we don't have this option with Sis, she is still so young, so I want to do as best as I can for her, too. But going back to the trust, we don't even know where to start for making that happen. Is it a court thing? Probate? Financial advisor? Legal guardian + family court thing? + +Of course I want the best for them, with respect to saving, or investing, or just having more financial freedoms. I'm planning to write my own will soon, given the circumstances. Otherwise, any input is welcome, thank you. + +Edit: Selling the house is not on the table for the next few years because we intend to let our brother finish HS in it. Past that, we like the place anyway, so we may continue to keep/invest in it. I'm mostly interested in safe and sound financial ideas relating to the total cash that's about to land on all of our doorsteps. +here is a list of all the parameters you can use. + +https://spreadsheetsolving.com/wp-content/uploads/2013/02/googlefinance.pdf + +here is how to use them: +https://drive.googleblog.com/2010/08/tips-tricks-googlefinance-in-google.html + + + + +Meta as a stock was soaring during covid times and has since done a complete turn around now hovering almost $155 a share with many speculations around the newest meta verse talk and if it will ever even come to life but more so about Mark Zuckerburg and his overall status as the owner. I personally think as we are in the age of data meta will always have a place but the stock seems to be in a consistent free fall. What are your thoughts? +**TL;DR what to do with house when travelling?** + +Hi, + +My fiancé and I are in the early stages of planning a career break for our 30th birthdays to travel. We’re thinking we’ll go for up to 12 months at the start of 2022, subject to coronavirus restrictions hopefully having eased by then! + +We own our house and are currently looking at remortgage options, so want to ensure what we do now doesn’t impact our future plans. We’ll be funding the trip with other savings so the main concern is either maintaining the property for our return, or clearing the savings to buy another. + +We’ve got £190k outstanding on the mortgage at a LTV of 80%. I spoke to a mortgage broker yesterday, and it sounds like the best rates deal is on a 2 yr fix and the ERC of c. 1% would be roughly similar to the higher interest rate we’d pay for a tracker. Assuming this is the case when I’ve had official quotes back we’ll probably look to go with the 2yr fix and stomach the ERC if we sell up 18 months in as this will give us more certainty over what we can save in the interim. + +However what’s not clear is whether a choice now will impact our decision when we come to leave. Would appreciate a review of the options between selling below and any other considerations we haven’t thought about... + +Option 1 would be to sell up, save the cleared funds in a separate account. Benefit would be nothing to worry about back home while we’re away, and increased flexibility for living arrangements on return. Concerns would be not selling quickly delaying the trip, being forced into a bad deal to get rid, and not finding a new suitable house when we return leading to rental costs while we find a place. + +Option 2 would be to rent it out. I’m assuming we’d have to convert to a buy to let mortgage to do this, or is there a possibility of renting for a short time on a residential mortgage? Benefits would be that its probably easier to rent in a shorter period on departure, and having a property to return to. Negatives would be the risk of vacant periods or unexpected costs either during the rental period or when we returned, and the risk of our trip not aligning to the tenancy period. I reckon we could rent our house for c £900pm so not certain if this would cover mortgage (assuming we’d convert to interest only while away), management fees etc. + +Some final considerations: +•I’ll be taking a career break from work, so have a guaranteed role to come back to +•We live in Gloucestershire so not exactly a rental hotspot like London +•In either option we’d probably sell/store our furniture unless there’s a significant advantage to renting a furnished property. + +Appreciate it’s a long post so thanks I’m advance for reading and for any thoughts you can share! +Came across this today: + +[https://www.crainsnewyork.com/commercial-real-estate/owner-defaults-500-million-loan-behind-245-park](https://www.crainsnewyork.com/commercial-real-estate/owner-defaults-500-million-loan-behind-245-park) + +&#x200B; + +Owner of the building was HNA Group. A vast Chinese conglomerate. + +Looks like it's beginning to spread. + +What's the word I'm looking for? Oh yeah, BUCKLE UP! + +(Edit: What are the 2 words I'm looking for? BUCKLE UP!) +I've been reading this sub for a while, and I thought I'd share some things I've recently found. + +Link2Labs is a website that lets you order your own blood tests without a doctor. The results come back with the standard range so you can see where you are at. If you don't have insurance and have a family history of something or don't feel well, this is less expensive than an out-of-pocket doctor's visit. If the results are scary or confusing, you can then make the appointment to consult a doctor. + +Also, Groupon has eye exam and glasses coupons. Comprehensive eye exam and $150-200 towards glasses for $50-60 depending on the vendor. + +I saw dental and chiropractic coupons on Groupon as well. + +That's all I have for now. If I find more I'll post again! +It's kinda funny how we all keep bashing said meme coins, and they just don't care, I think it's time to accept that logics don't apply anymore, 2 of the top 10 crypto are dog coins, there are actual people getting rich from memes, how crazy is that? + +Some of you might feel let down abut this, I know I did, mostly because there are other projects I believe in that aren't doing nearly as good (SHIB over DOT, the f is wrong with you people 🙁 ) but take your time to think it first before FOMOing, this may be a hype run and there will be a lot fear involved! + +How do you guys feel about this, it's time to stop DYOR and just look for the next big dog coin? +Hello first time posting here so I hope this isn’t asked all the time. I have been offered a full-time job in operations for $42,000/ year salary. Currently I make $18/hour and I understand that salary is typically calculated at a 50 hour work week. But I was more wondering if I will see any real difference in the long run, seeing as I will move up a tax bracket. I live in Illinois, but federally I will jump from the 12% to 22%. + +Any recommendations on how I should handle this? Should I counter offer higher, or counter lower to stay in my current bracket?? + +Extra info. File single, no children/dependents. + +Thank you so much for any help + +EDIT: OH MY GOD MY DUMB ASS. I was misled for a long time thinking this crap. I apologize for wasting your time and the bandwidth. I’m deleting this + +EDIT 2: Thank you to everyone for educating me and giving great advice. I have decided to counter offer for more, now understanding how money works :/ Thank you again +Hi all, I have an almost 5 year old with an intellectual disability and I want to get her started with basic money concepts. I bought her a “spend, save, share” bank for Easter and would like a book to go with it. I have searched the wiki and did a search of the archives and haven’t found much that’s relevant. I mention the part about the ID because she’s probably more like a 3 year old in terms of concepts but she’s very interested in money so I figured we would start now. Any books you can recommend? Other ideas about how to talk to a very young child about money would be helpful! I think doing this early and often will be our best bet in helping her to manage her finances independently one day, which can be a challenge for people with her particular disability. + +Bonus question: I saw info about the 30 day challenges in the wiki. Are we still doing that? +Hey Everyone, + +I need some advice from the good people on here, relating to an apartment. This is gonna be a whopper, look out. + +&#x200B; + +1. Background + +One of my parents died during my early teens, and so I receive about $1000 a month from what I’m pretty sure are life insurance payouts. + +I’ve put every cent in raiz (too scared to touch it), it’s at around $80,000 now. + +Will start uni next year, reckon I'll study science or eng. + +&#x200B; + +2. Apartment + +I can see a bunch of lil apartments hanging around unimelb/rmit, around $145k. + +Something like this: [https://www.realestate.com.au/property-apartment-vic-north+melbourne-136738006](https://www.realestate.com.au/property-apartment-vic-north+melbourne-136738006) + +I’d like to pay it off in two years, so I can move out to this apt/some other shared place without working tons alongside studying full time. Or I can get rent coming in that’ll let me do a student exchange/tourism (in a country with hella low cost of living - Russia, Bolivia) without worrying too much about cash etc. + +(I don't hate my family or anything - I'd just like to move out and do stuff my own way + way closer to Uni/mates/carlton). + +&#x200B; + +3. Costs/planning + +My parent reckons they could loan the other 65k, or one of my siblings in the same boat who I could pay back. Obviously I want to pay them back for honesty reasons (preferably I’d take out an actual loan, but I know that’s impossible). + +Here’s my vague and very rough calculations: + +$80000, plus $1000 per month = $104,000 in two years. + +Leaving \~$41000 left. + +Renting out (what I think I need help with/have no clue what I’m doing): + +Building history shows it rents out for around $200. + +Assuming I can dish it off to a landlord service, and can keep fees/rates/tax/all that jazz to $2000 a year. + +45 weeks at $180 - $2000 = $6100 a year. + +Leaving 28.8k to get in two years; that’s about 11 hours work a week for 45 weeks at $28 - I think that’d be manageable. + +&#x200B; + +4. Why I’m thinking student apartment > raiz + +A. Financial security - after two years essentially living rent free (yes, it’s a little broom cupboard, but I’m not one to mind that + cool location and could spend all my time and money around uni/mates/carlton or use the rent money on share housing) + +B. Physical asset - I’d like my money to actually be useful for something in my next ten years, when I’d probably need it most + +C. More money short term - rent per year would only start being less than raiz at 5%pa after at least 5 years, tons more if I live there. + +What do you guys think? What have I missed? + +Thanks in advance! +I work at Fidelity Investments in the Margin Department... Horror Stories of the shitshow that is Robinhood, told by someone who is reviewing & processing your ACATs - PART 1 +u/Xayde26 +At Wall Street Bets + +https://www.reddit.com/r/wallstreetbets/comments/lec568/please_read_i_work_at_fidelity_investments_in_the/ +I just inherited approximately $50,000 and I was planning to put it into SPY. But I looked at QQQ and noticed that it has better returns over longer time periods. SPY beats it over the last year, but QQQ does better over the last 2 years and does better and better the further back you go. + +Since this is more of a long-term investment for me (won't need to touch it for at least 5 years), is QQQ the better play? Are there other ETFs that people like more? + +Thanks! +I quit my job 6 weeks ago because of vax mandates and I have a pre-existing autoimmune problem so I refused to take it and cashed out my 120k retirement fund and put it into BTC a week or so later at 50k/BTC. + +It was a bit of a rough ride when BTC went down to around 43k, but now I have already made more money from HODLing the bitcoin I bought then I would have made from my paychecks if I had stayed at my work. +Let's assume there's someone who can double his forex account in couple of months. What's his gain in sharing it with others? It makes no sense at all, unless he wants to make online courses, but if someone has a really succesful strategy there's no need for him to make online courses. 95% of YouTubers on Forex or any so called Gurus are scammers or even if they know how the Forex works their strategy doesn't really work, otherwise they wouldn't want to share it with the public. +I have a friend who trades Forex during the Australian and Tokyo open only. He only focuses on Gold (XAUUSD) for less volatility. He does not use a STOP when trading. He sets his Take Profit at roughly 30 pips for each trade and uses a leverage of 0.50, so he only makes about $20-30 per trade...most of the time, he is in and out relatively quickly...however, on the trades where he gets caught, or it goes against him, he holds through, and even places a trade in the opposite direction (hedge)...he will not close a trade going against him at a loss...he has gone down several times now on certain trades about 1000-2000 pips, where he was down lets say $1000 on the trade, but it always comes back up, or spikes up and he closes out...His win rate is essentially, nearly 100% and it has been this way over the last month...It seems unconventional/unsustainable and goes against everything we have learned about proper risk management, but he is making money and making money every day. My question to those that have been trading FOREX on a regular basis, is this approach sustainable, what am I missing here? + +https://preview.redd.it/bk3273otqx991.jpg?width=960&format=pjpg&auto=webp&s=3d18669e9cae92fbc20a2e155baa0be73086a37d +I’ve been trying to get into day trading and have looked into stocks, forex, & crypto. I’m trying to find one to focus on preferably one that can get me returns worth my efforts. I’ve just started looking at forex and have been wondering how it’s possible to make good money day trading it. It looks to me as though forex moves in tiny percentages. I’m not sure if i’m just totally stupid and not understanding how it works but I would really like to know how you can make money day trading this? If there are any forex traders that can give me some more info on how to day trade forex that would be greatly appreciated. I’m very new to forex and have almost no knowledge about it so any info helps. +I have been in the Forex market about a year and half and most of that time i was trading a lot of strategies based on divergence as i believed is a strong indicator to predict where the price is going. + +after many strategies from different forums i came up with my own trading strategy based on Divergence also. + +I traded on demo until i doubled my account then went live, got +20% in the first week trading live, then i don't know what happened and my account balance went in a down trend. tried a lot of other divergence strategies a long that trend until the account is near to be 20% of the original balance then i decided i should analyse the market like the big forex boys on instagram who trade 100-250 lots and make a lot of money every week. + +so i done my homework analyzing on tradingview and most of the time i knew where the market was going but still lost another 10% of the account. + +I don't wanna stay in that try and error loop for too long, i will share my analysis with you guys and i hope you can review it and tell me what i did right and what i did wrong and how to enter a trade at the right time based on my analysis, where to put my stoploss and takeprofit. + + +album with the pairs i traded last week : http://imgur.com/a/lxThw + +I put the trades as i took it on the charts so you can review my entries and tell me where should i entered right. + +I analyze based on my experience and round number S&R from 1D & 4H charts and Fibos. + +Edit : I enter the trades based on price action + +Edit 2: formatting + +the yellow circles and pink lines are all drawn last weekend before the trading week starts + +thanks +Hello, I'm new to trading Forex and I was wondering what y'all's strategy is to picking forex pairs. I have read online that trading pairs during their most active times leads to higher volatility (which can lead to higher gains - or losses) but what have you found success with? Is it increased volume to one side, technical analysis, etc.? + +&#x200B; + +I'm experienced in trading options and futures and I understand the forex market but I didn't want to just jump into it immediately and port over my ideas of trading options and futures to forex before I learn from more experienced guys and gals about their approach. Thanks in Advance for any help! +I am just starting my journey and have a very long way to go before I even think about going live with real money. I wanted to go ahead and start putting aside money just for this but don’t know how much I need to start. Thank you. +Ok so has anyone noticed the theme with all these educators that they are all teaching the same stuff yet lots of people still lose money? + I’ve watched many leaked courses and it astounded me that they all teaching the same stuff with a different price tag or making so much on signals… + +If anyone has any insight comment below lol maybe we can educate the sheep in this industry +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! + +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. +It's up to us to make new traders and especially those new to crypto feel welcome. Tear down walls, build trust and community, and give new blood a place to call home, make some money, learn new tech, share ideas, and pay it forward. We're part of something great, and we're shaping this culture as we go. Don't patronize, dont be rude. That behavior is for other subs. It's discouraging to see more of it in here lately. +Absolutely hate this crappy media outlet, their "news" is written by bigger retards than I am, and I am a big retard. +Looking through articles for GameStop, I really do get a sense that a lot of their "Avoid GME" and "Get out of GME Now" posts have been removed. +This is speculation on my part, and it is my opinion, but I used to see like 2-4 articles on meme stocks from these cunts every day, and I'm just not seeing that volume of articles in my 15-20 minutes of scrolling and searching. +Could be nothing, but could be because their articles will constitute manipulation in the DOJ proceedings, or even better the coercion would fall under Rico? Open to discussion, of course, as I have zero wrinkles on my brain, but I thought it would be interesting to delve into. +All, + +Any opinions on real estate vs. stocks for young Europeans? I feel swayed by the leverage RE can give me but it is significant, illiquid money in a hot market. Regardless, even with a \~1% cap gain through housing prices this method significantly outperforms the average stock market performance over a 5-7 period (assuming 85-90% leverage vs. 5-7% performance on the stock market). My cashflow can handle vacancy as well as any one-off maintenance costs and have high job stability ("High Finance" type job). I'd outsource all landlord issues to a 3rd party, that's common here to do as it gives you a tax benefit. + +Strongly struggling with the question and if I'm missing anything. Any opinions / advice? Thanks in advance +[https://www.cnbc.com/id/31526130](https://www.cnbc.com/id/31526130) + +[https://pbs.twimg.com/media/EX8TN--XYAE7ki4?format=jpg&name=small](https://pbs.twimg.com/media/EX8TN--XYAE7ki4?format=jpg&name=small) + +>BUFFETT: Everything that I see about the economy is that we've had no bounce...in terms of the economy coming back, it takes awhile. I said the economy would be in shambles this year and probably well beyond. I'm afraid that's true. +> +> +> +>BECKY: We hear people on our air all the time who talk about the "green shoots" that they're seeing. Are you seeing any of those green shoots? +> +> +> +>BUFFETT: I looked. We're not seeing them. Whether it's retailing, manufacturing, whereever. We have a big utility operation. Industrial demand is down like we've never seen it for a simple thing like electricity. So it hasn't happened yet. + +&#x200B; + +At the time of the interview on June 24, 2009, **the S&P was** **already 43% off the March 2009 bottom** and would never come close to retesting the lows again. + +The market is forward looking. The economy in its current state is not what the market is going to focus on. +I was googling $INND earlier today and found this negative review. + +Jodie Brown 1 review 2 weeks ago Do not do business with InnerScope!! We provided cleaning services and they do not pay their bills!! They promised payment and will not return calls or messages. They are just trying to ignore us and walk away. Do not do business with them!! + +I was digging deeper after I saw they stopped paying / returning calls. Seems like a shady business practice, especially for one with such ambitious goals. + +They have a C- rating on BBB. They gave a customer a 30day trial. The customer didn't like the product and ended the trial. INND kept charging him and stopped answering his calls. + +They have almost no presence on Amazon despite boasting about their partnership. The 5 reviews that are on amazon look fake. Poor seller rating on Amazon + +They claim to be partnered with Walmart. i don't see any updates about the Kiosks in over a year. + +Overall, I'm seeing enough red flags to suggest they won't deliver on half of what they are promising + +\*\*EDIT\*\* + +I'm now looking at all their reviews online. 90% of the positive reviews appear to be fake. the negative reviews have consistent themes. Spotty performance and no customer service. Their sales are so minimal RN for customer service to be this bad. How could they possibly manage all the new customers and inevitable complaints? + +From Walmart: + +"The hearing aid is noisy, does not amplify sounds in the correct frequency range and worst of all, I cannot contact the supplier of the device. I get a run-around on the telephone from one offer of medicare insurance, to car insurance to other items and a human never answers the phone." + +[https://www.walmart.com/ip/Alpha-3-Hearing-Aid-Smartphone-Enabled-Premium-Hearing-Device-Patented-Noise-Blocking-System-Right-or-Left/723285115#reviews](https://www.walmart.com/ip/Alpha-3-Hearing-Aid-Smartphone-Enabled-Premium-Hearing-Device-Patented-Noise-Blocking-System-Right-or-Left/723285115#reviews) + +[https://www.bbb.org/us/ca/roseville/profile/hearing-aid-repair/innerscope-hearing-technologies-inc-1156-90048319](https://www.bbb.org/us/ca/roseville/profile/hearing-aid-repair/innerscope-hearing-technologies-inc-1156-90048319) + +[https://www.amazon.com/InnerScope-Hearing-Technologies-Amplifier-Cancellation/product-reviews/B07CN437Z7](https://www.amazon.com/InnerScope-Hearing-Technologies-Amplifier-Cancellation/product-reviews/B07CN437Z7) +Let me start off by saying that I posted here to get questions I could ask him in class, and there were a lot of great suggestions. Some of them were too complex for me to understand I didn't want to ask questions I couldn't explain if necessary. But I managed to sneak through a lot, in which most he answered really well(almost as if he's been asked them a couple of times over earlier?;)). + +The entire class was pretty much me interrupting, and I was the only active participant, and the result of this was that his whole lecture basically became a dialogue with me. This presented a lot of opportunities to find inconsistencies and significant ethics violations. + +So, what did I find? + +So firstly, he and the rest of his industry seemed to be pretty optimistic about the economic situation of southern Europe, which I found interesting. I asked "Do you think the rental market and the housing market are sustainable as it is now or do you think a significant correction is on the horizon? + +His answer: Yes. He said that he was not expecting growth to continue linearly the next year, but continued by saying that they are not expecting a correction of any sort, just stagnation while the macroeconomic situation sorts itself out... This seems pretty delusional to me as far as the energy crisis, inflation, and all other aspects of risk in the eurozone right now. But I guess housing is always stable....right? + +He then pivoted into my next question without me having to ask it and compared 2022-23 to 2008, so obviously, he said "We are not going to experience anything near 2008". lol + +I asked furthermore + + if there are any companies in the European market who are proceeding the same way as Blackrock, with buying upwards of 800 homes a day in which I got a small laugh, followed by a yes:) First, of, he is the asset manager for about 20k units, which was $40bn under management. Imagine the fucking bonus he gets at the end of the year, but one thing... they have 97% apartments under management, so they are NOT buying single-family homes from families just trying to afford their first house, BUT these other crooks are doing so happily. Europe's biggest player is in Germany and Austria and is called Vonovia, which has 415 000 residential units(!!!!) under management, which is more or less equally distributed between apartments and houses. They are responsible for over 1 million people's living situations, and the only thing they do is maximize profits. + +One thing that pissed me off, was that whenever I asked an ethics question, he diverted them right of the bat and continued talking about other stuff, while for other questions he would elaborate on the market and answer really really well. He said that with all units under contract, they can only increase rent by 2% YoY as long as it is still under contract. All other units they have will be raised by the current inflation rate... 9%. I asked him if they were considering more humane options in renting prices given that the average salary in Europe only has risen 1,5% while inflation is 9%, and in countries like Spain the minimum wage is only 1000 euros per month. Along with the fact that the amount of people who can not afford to house is steadily increasing. He slipped up a few minutes later talking about another subject where he said "we can only raise rent 2% when under contract, but if we could, of course, we would have risen it by 9%, then we make more money"... Not doing anything illegal, but damn... Don't mind pushing people out of their homes here + +And now, for the most alarming part of the entire lecture. I might not have the knowledge to comprehend all of this, and that might be why it scares me so much, but here we go. + +Their goal is to create an SPV with 23k units and sell it to a Pension fund. + +First off, with all of their assets under management, THEY ASSUME NO GOD DAMN RISK! + +Their entire portfolio is insured 100%, so whatever happens to the apartments or loans, the insurance covers ALL OF THEIR LOSSES. Naturally, they pay the insurance company a decent fee for this each year, and he said that as of now, their bad debt is totaling 4,5%, (but what will happen if they reach 8%??) but insurance covers it all, so no worries. + +Furthermore, their goal in 2 years is to sell the entire portfolio to a pension fund(for crying out loud), and call me a big short nerd but does not this sound kinda familiar to all of it?? + +The only incentive they have is to have AAA performing assets at the top which they show the funds, and the only job they have after that is getting to 23k as fast as fucking possible to get it off their hands and collect a hefty bonus. Once that thing is sold, it is now 100% the pension fund that holds the risk of the entire portfolio, and they buy a mansion in Marbella or whatever and chill out there with their billion-dollar bonus. + +&#x200B; + +TL:DR + +* They are not doing anything illegal, nor pushing buyers of the markets but they are crooks as far as I'm concerned +* They have absolutely 0 interest in ethics +* They do NOT think any significant drops are going to come in southern Europe over the next year, and have no plans on reducing rent if it happens because of "inflation":) +* They assume no risk on their portfolio worth $40bn because insurance covers all bad debt +* Their goal is to sell it to some poor pension fund once they reach their goal and transfer all the risk to the pension fund. +* 2008 is ringing the bells in my ears, the economy is going to shits, and housing is coming with it as well. and GME holders are probably going to get the blame for all of it + +&#x200B; + +English is not my first language, so any spelling mistakes, please be nice. + +Thanks for reading +I'm 28 and have always rented, and am likely to continue renting for the foreseeable future. I live in Manchester atm, but I'm moving abroad for a job in September, which I intend to be a short term thing for 2-3 years, after which I'll probably move back to the UK to London as it will be good for my career. After doing that for a few years though I'll probably want to move back to Manchester or somewhere else in the UK with a lower cost of living. Oh and I would like to fit in 6-12 months of travelling in there somewhere as well. So basically no chance of me buying for likely the next 10 years. + +Which is fine, I've made the conscious choice to move often and I value that more than being a property owner. However, I do sometimes look at my peer group who are all already own or are getting on the ladder and feel a lot poorer than they are despite us having similar incomes. They will be building a lot of equity over the next 10 years while I will be at best putting what's left over after rent into savings accounts with miserly interest rates. I just worry in 10 years time I will have nothing to show for nearly two decades in the workforce. + +So basically it would be good to know if anyone could recommend any alternatives- are there any other kind of investment vehicles I should be looking at? That would be worthwhile over a roughly 10 year timescale? I don't want the money locked away but neither do I want it too easily accessible. Any advice? +Important note: I do not read replies but I will return to this thread. No DM's will be read. Any comments must be posted in the open for all to see or they will not be viewed. + +&#x200B; + +Good morning everyone. Please note, this post is very much a working theory. A key assumption: + +&#x200B; + +1. The number of synthetics is not limitless but is instead a function of the total number of shares under DTCC control. + +I know a lot of you won't like to read that. But I have a good reason for believing this and it's based on what the SHF's DIDN'T do. + +&#x200B; + +The single greatest threat to the shorts is Gamestop becoming successful. No amount of FUD in the world can overcome them reporting great results. If the shorts could create limitless synthetic shares they would have done so when Gamestop was offering stock, crushing the price and limiting the amount of money Gamestop could raise with their share offerings. This didn't happen and Gamestop completed their share offerings at quite high levels, generating 1.8 billion in cash. + +&#x200B; + +What happens when you register shares with Computershare? Those shares are registered in your name and the DTCC has to find and deliver real shares back to Computershare. Bad for hedges, right? But this also reduces the total pool of shares under the DTCC's control. If my theory is right, that also breaks the share hiding scheme, forcing some of those positions to be closed as well. + +&#x200B; + +It would certainly explain the hard forum sliding when Computershare comes up. Unfortunately, I can't think of a way to test/verify this suspicion. Hopefully someone smarter can find something or debunk this. + +&#x200B; + +Not financial advice. +I’ve been reading and hearing at work (from laymen) that the end times are upon us and we are on the way to recession. + +I’m interested in learning some (hopefully) more educated opinions. +I was furious when I found out after the fact as I don't consider a ford crossover a luxury car. My wife who was listed as the driver may have signed something at the location however I was was the purchaser. I would be happy with a reduced amount but they will not work with me. + +Instead of a "get rich quick" scheme...new people are fucking it up. They don't care about what it is and could be. They're the type to call other cryptos "other bitcoins." Hell, they probably don't even know what the word cryptocurrency even means. +Instead of a "get rich quick" scheme...new people are fucking it up. They don't care about what it is and could be. They're the type to call other cryptos "other bitcoins." Hell, they probably don't even know what the word cryptocurrency even means. +Hi all + +Recently discovered REITs as quite the popular choice for many people because of the high dividend yield and general stability. + +I am just wondering what exactly are the risks of investing in established, stable REITs? Especially for those very established REITs that pay quarterly dividend, the dividend yield can go up to 7/8% (for Singapore REITs), am I missing something here? (See FD8U -Frasers Commercial Trust) + +Even if we were to go into an economic downturn, as long as the REITs are still making profit, they are required to distribute 90% of profit to enjoy tax exemption (in Singapore). Not to mention, the dividend income I get is also exempted for tax! So why is it that you don’t hold a portfolio of REITs and gain dividend income with high certainty, low volatility, even if we are heading down someday? I literally don’t see any way I’m losing money with REITs. + +Pardon for the ignorance and I appreciate any contribution :) + +P.S. also would like to ask about the difference between multiple dividends and cash dividends! +My mother (80s, FL) just sold an investment property that was actually a money pit. It was her sole bit of retirement planning, and is now wondering what to do with the remaining <$250K. She's thinking of buying another rental property, but I (CA) don't trust the advice she's getting. The Great Recession scared her away from stocks (…I know), but I'm wondering what might be a low effort income fund (Vanguard?), and if there are special instruments for someone her age to take advantage of. Thanks! +I'm looking for some assistance on choosing between a traditional and Roth 401k. I'm knowledgeable about the difference between the two but I'm still unsure which is best for my circumstance. For reference, I can contribute up to 10% of my salary and get 5% matching up to the maximum yearly contribution. + +Here is my situation: +I currently make $115k plus a potential bonus and my wife makes around $85k also with a potential bonus. She already maxes out her 401k. I am currently 39 years old with about $42,000 saved in a vested teacher retirement account that I plan to roll into whatever 401k I open. + +I am able to retire at 66.5 (about 27 years from now) but my wife will likely still work for at least 8 more years after that. + +I am able to contribute to (and get matching for) a Roth, traditional, or combination of both. + +What should I choose at this point? + +(Any other important questions that I missed, please let me know) +I had planned to roll over 28K to a mutual fund IRA through the financial adviser that reached out to me from the Dave Ramsey site. At the time (1 month ago or so) I did not know much about my options. He pitched the plan to me and it all sounded sweet. The catch however was the 5% upfront fees to any contributions (including the 28K)... + +After some research online (a lot of it here and from you all fine folk!) I decided to go w/ Vanguard. They are charging me 0.04% annual fees, zero upfront fees and the lady on the phone was super helpful and made everything easy. + +Today I very professionally told the DR guy what I am going to do and he say's **"We too offer the no load relationship/fee base, but as Dave says upfront loads are the least expensive way to invest over long periods of time".**...thoughts on that? I find that very hard to believe (albeit I am obviously not an expert on the matter) +My wife and I are both about 50 and we are retiring this year. I wouldn't say we're wealthy but we have savings >$4M and plan to live a moderate but comfortable lifestyle. If we need more money or get bored, we'll go back to work in some capacity (but we don't plan on that). + +Anyways, I'm not sure that some of our friends and family really understand at all. On average we are retiring pretty young, not super young but certainly younger than a lot of people. A few people have made remarks that suggest they think we're rolling in money, and a few think we're crazy for walking away from our well-paying jobs (which was the hardest part of making the decision!) Any tips on messaging? I could lay the math out for people but honestly I don't really want to talk numbers specifically with people. I'd rather somehow get the point across that we're doing pretty well and are going to be fine. +The typical debate for property income has been that it's not a passive stream. But now, it may be a typical risk in the disruption of reliable income too. + +With renters being given more flexibility in payment terms and fewer buyers wiling to help offload weak properties, how are you doing? +After seeing all the Verge \(XVG\) hoopla, I have become more worried that a lot of smaller PoW chains will be attacked with 51&#37; attacks. Is this a reasonable concern? How hard is it to perform one of those types of attacks? +I'm a daily reader of most of Reddit's subs for crypto. It's very hard to find topics from OP's that are actually legit to get an insight in the market. +It's packed with posts of people wanting to promote their coin or consolidate and pump their investment. + +How to filter out the legit posts with decent information/announcement that can actually help deciding on investing? +This is the thread, this post if referring to. http://www.reddit.com/r/investing/comments/1qk2pv/snapchat_turns_down_3_billion_offer_from_facebook/ + + + + +&#x200B; + +[Good times.](https://preview.redd.it/jbpecc3dqys61.jpg?width=1170&format=pjpg&auto=webp&s=f8d493f7ab05aa6d1bfde3454dfb7b4af2065129) + +We all know what happened after this tweet, many of us have been HingODL since around this date. Good Ape. Buy and Hold. Don't day trade. Tell your mom you love her. + +I'm not an advisor, I make tin foil hats for a living. + +*(This is when you should put yours on btw)* + +&#x200B; + +By now we've all seen RC's tweet last night approximately 2,481 times. I will not make it 2,482. + +And we all know the bullish undertones: literal diamond hands, bags, Tuesday Morning next door, etc. Bullish as fuck before, bullish as fuck after. Either way I was gonna buy more. + +But why would RC want people to know he was in Culver City, CA? He seemingly could have left that detail out and accomplished the same thing. + +# UNLESS + +&#x200B; + +[Credit: Google. Decent company apparently.](https://preview.redd.it/c61lfvxtsys61.jpg?width=701&format=pjpg&auto=webp&s=b6988c19df2f11a4b2722ef4d4a9ffb547259c29) + +Culver City CA is a hop, skip and a jump from Hawthorne CA. + +*"But OPeeeeeeeeeee (whining voice) what's so important about Hawthorne, CA?"* + +Calm your titties, young one. Hawthorne just happens to be home base for Elon's jet. And guess who flew there (hop, skip and a jump away from Culver City) on Friday, April 9th? + +[Yes, his jet has its own Twitter handle. Almost worse then the people who make an account for their pets...](https://preview.redd.it/7uqfpow0uys61.jpg?width=860&format=pjpg&auto=webp&s=a0eb1244a2528e299046a92018d057c884fc727d) + +And guess who made a cryptic tweet the next day, Saturday April 10th? + +&#x200B; + +&#x200B; + +[Oh daddy, give it to me...](https://preview.redd.it/bkm6czjtuys61.jpg?width=1170&format=pjpg&auto=webp&s=6b0eaf7678a8782fe5b4aefe4d75a0d21ca9e514) + +&#x200B; + +And if your tin foil hat hasn't fallen off yet from the slickness of your smooth brain, guess who is the **only human being** Papa Cohen follows on Twitter? + +&#x200B; + +[You guessed it: Steam!!!!!!!](https://preview.redd.it/i0yvd4a9vys61.jpg?width=754&format=pjpg&auto=webp&s=2aafc0e23f32d442457d654605bbb0476f90ba43) + +No not Steam ya imbecile, that would be Elon Musk. + +And oh yeah, Tesla is **suuuuper interested** in gaming for their cars. + +&#x200B; + +[Somebody should let Tesla know that half of their steering wheel has been stolen...](https://preview.redd.it/mtqhiaeqvys61.jpg?width=756&format=pjpg&auto=webp&s=3a28a88f39c0d9b848a46d2c39dab3585c755b44) + +So if you're a gangster like Elon, who would I want to talk with about this..... + +Hmmmmmmmmmmmmmmmmmmmmmmmm... + +Perhaps the guy that **beat Amazon** with Chewy? Perhaps the guy that is transforming GameStop into a **powerhouse** as we speak and as I write this shitty post? Perhaps the current chairman (& future CEO please) of said GameStop? + +They need to make room in this bitch immediately: + +&#x200B; + +[Papa Cohen COMING IN HOT](https://preview.redd.it/bfd5iq0nwys61.jpg?width=887&format=pjpg&auto=webp&s=4beb451221f24e648fc4f0e77c21c0f0fa76ad97) + +# +Ok everybody. There's a shit ton of impatience going on here lately. "We demand Papa Cohen launch this bitch into space now! Arggjhghghhggh!" + +Impatient apes. Did you guys read the offer letter to the CEO? It's in investor relations under SEC filings. He is awarded $16,500,000 shares based on the average closing price of gme in June. Launching the rocket now wouldn't be very cash money to the bloke that just moved to Texas from Australia. + +Look, I desperately want to see the light at the end of the tunnel and quit worrying about money and just spend time with my family. + +Did anyone here read the most recent perspectus that was released? It specifically lays out how a non-cash dividend is possible. + +That said, let's think out loud together. The NFT token launches July 14th. Nasdaq rules require at least 10 days notice of a dividend. It's called the declaration date. + +Let's count backwards 10 from 14, we get 4. Imagine the fireworks if the declaration is dropped after hours on the 3rd? Holy shit batman! What a holiday weekend that would be! + + +*edit* according to u/1gnik + + +It's just 10 calendar days. Since the market is closed on the 5th, that would be one less trading day to cover, while playing by the rules. + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/rules/Issuer_Alert_2008-002.pdf&ved=2ahUKEwj6z8fdgLLxAhVcIDQIHVJhCwYQFjABegQIBBAG&usg=AOvVaw3R-I9lPe0UlMK3vRgSt3k + + + +Clearly, I'm just some idiot on the internet and if it doesn't happen on thetime line I just laidout, I'll just hodl and buy more as I can. + +Bottom line: We believe in Ryan Cohen and his team to transform gamestop into a tech company. Let's give them the opportunity without being a bunch of whiney bitches for another week or two. +Obviously petty finances were not first on my mind after my wife's recent death,but I did expect to close my wife's account and withdraw what was left over. I neglected to check in on it though until after getting the death certificate. Several charges had come thru leaving the account overdrawn. The account had no overdraft protection and there are still charges for every attempt. This is a difference of <$1000. +Can I dispute anything based on account balance at time of death? +I never even thought of all this and credit cards weren't closed. +Can I stop all credit card and recurring automatic payments(Netflix type) retroactively at date of death? +Can I dispute in her name and/or state she didn't authorize some/all of these charges? +I see debates constantly about which is better, buying or selling premium. While it can be a great conversation, it looses it's utility when people become so entrenched in their arguments and truly believe that one style is truly better than the other. + +It's essential to TEST different approaches and learn how to effectively deploy in varying conditions. Our jobs as traders is to identify the traits of the current market and to deploy the right tool. In some cases, short premium is advantageous, in others, long premium has an advantage. + +Try trading different strategies, securities, and timeframes. There are market scenarios that favor different combinations of these. + +A common example is when IVP is elevated. Although we should ALWAYS confirm volatility pricing before deciding, we should gravitate towards short premium strategies in these cases (barring other inputs). There are plenty of additional factors that may lead us to long premium in the end, but that is the result of a series of trade-offs. + +Don't constrain yourself arbitrarily. +Dear Readers, + +We at /r/Economics wish you a Happy New Year. + +The 2017 State of the Subreddit survey can be found [**Here**](https://docs.google.com/forms/d/15wESrfdIaVjAN7aUmcNStjojkXzw6kbZHsufAZ7niGM/edit) + +Please do us mods a big favor and fill it out! We read the survey responses carefully and they are an enormous guide to moderation policy and content creation. + +For example, both Rule V (images and videos) and Rule VI (top-level comments) were originally launched based on feedback from previous responses. + +We will leave this link up for the next two weeks. After that, we will collect and analyze the responses and summarize in a public presentation. + +Sincerely, + +* ***The /r/Economics Mods*** +What are your thoughts on thoughts on these funds? I'm thinking to start a monthly SIP to diversify my investments. + +&#x200B; + +Franklin India Feeder Franklin US Opportunities Fund - Direct Plan ([https://www.valueresearchonline.com/funds/16027/franklin-india-feeder-franklin-us-opportunities-fund-direct-plan](https://www.valueresearchonline.com/funds/16027/franklin-india-feeder-franklin-us-opportunities-fund-direct-plan)) + +&#x200B; + +Motilal Oswal S&P 500 Index Fund - Direct Plan ([https://www.valueresearchonline.com/funds/40997/motilal-oswal-500-index-fund-direct-plan](https://www.valueresearchonline.com/funds/40997/motilal-oswal-500-index-fund-direct-plan)) + +&#x200B; + +Franklin fund is a feeder to their larger US Opportunities Fund which means overall higher expenses, how do I find "actual" expenses (%) for the fund? + +&#x200B; + +Franklin US Opportunities Fund is benchmarked on Russell 3000 Growth index, whereas Motilal Oswal fund is benchmarked on S&P 500 TRI index, is there a way to compare SIP returns of both over time ignoring tracking error and expenses? +>Leading private sector lender ICICI Bank has now become the second most widely tracked stock in the world after e-commerce giant Alibaba. +> +>As many as 59 analysts covered ICICI Bank, and all of them had ‘buy’ ratings on the lender. On the other hand, 64 experts tracked Alibaba and 63 had ‘buy’ ratings on the stock, while one had a ‘hold’ call, ETNOW reported. + +[https://economictimes.indiatimes.com/markets/stocks/news/worlds-second-most-widely-tracked-stock-is-from-india-has-59-buys-calls/articleshow/77214363.cms](https://economictimes.indiatimes.com/markets/stocks/news/worlds-second-most-widely-tracked-stock-is-from-india-has-59-buys-calls/articleshow/77214363.cms) +I had approx 100 shares of 5 rs each but after delisting and coming back I now have 1 share of 500 RS and market price is 65 and I have approx loss of 450 + +I read in newspaper about 99% solution of retail shares after patanjali brought it. + +I am not able to understand what happened here... +I am currently 18, about to go into my first year of college, and I was wondering how I can set myself up to buy a rental property that I can househack in my early 20’s, such as increase my credit score (as of right now I only have a debit card), and other things like that. + +Any things to look out for, general tips, etc. + + +[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!* +RBI gave an official statement. https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=43574 + +read point 13. +For your information RBI is the central bank of india and controls and regulates all banking policies in india. crypto to fiat exhanges to close their operations. +I feel I've waited far too long for this type of access to ETH. I was hoping Kraken would have started instant purchases months ago. I've used both companies frequently, but now, Coinbase, firmly has my business as a primary ETH pipeline. Now they just need to work a bit on their liquidity to bring their rates more in-tune with others. + +Still, the fact that I can instantly buy up to $2k in ETH whenever I feel the urge is fucking incredible! +Good Morning apes! + +Short and sweet cause I woke up 2 minutes ago after writing DD toll 5am + +bear with me today. + +[MOASS the Trilogy: Book One](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +[MOASS the Trilogy: Book Two](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/) + +Video on my current theory ... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (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... + +# After-party + +What an amazing birthday thank you all for following along this past 7 months. GME closing remarkably up 8.89%> Massive Friday and historically the highest price we have ever headed into a ETF quarterly/ GME monthly exposure date. Closing a massive $30.05 above max pain. Closing higher means more exposure and the run next week is looking spicy as hell. Thank you so much and stay tuned for the third part of my DD this weekend. + +https://preview.redd.it/4igjf24vam081.png?width=693&format=png&auto=webp&s=510260bfc9acb69e708a5100fef3767e47bdfaf1 + +Edit 5 2:58 + +Looks like we are gonna fail this support trend and a possible dip + +https://preview.redd.it/cdv2h6jfyl081.png?width=1621&format=png&auto=webp&s=76922d4ef2dce941850bfc4153c5275ecc3a097e + +Edit 4 1:01 + +Breakout incoming + +https://preview.redd.it/6fyxgnthdl081.png?width=1610&format=png&auto=webp&s=817e796ec332523046e122784d91081030619fda + +Edit 3 12:40 + +Shoulders keep breaking down could be headed back as low as 212.50 now + +https://preview.redd.it/4w96s6jr9l081.png?width=1600&format=png&auto=webp&s=a412afb998d6af899c59c1f976eb53462eb5a880 + +Edit 2 12:02 + +Small run testing 220 looks like we are trying to find support on the EMA 30 right now + +https://preview.redd.it/h1ucido03l081.png?width=1611&format=png&auto=webp&s=dccd9502d1fafee256d6e0ebad08ff7678a56eb6 + +Edit 1 10:20 + +a little bit up at open volume is excessively dry trading only 193k traded in the first 50 minutes looking for a test of that upper bound around $213.65 + +https://preview.redd.it/vtwdkvenkk081.png?width=1612&format=png&auto=webp&s=61e8d24ec79b3f4d4c72256972ba88ecbb70f8a7 + +Volume: 9.26k + +Shares to Borrow: + +Ibkr - 100k + +Fidelity- 1.311M + +50k borrowed this morning getting used + +[market open](https://preview.redd.it/pjzzgj6ybk081.png?width=1617&format=png&auto=webp&s=294815eccd9d7a9e6ec83259873cb71a202c090c) + +**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.* + +*\*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 want 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/) +Hi all. + +We've all woke up to an extra months pay in our accounts. Even people that left the company over a year ago have. + +I assume that the people still working for the company are going to have no choice but give it back but what about those people who have been gone for a while now? + +We're not a particularly large company, around 20 people. Not sure if that effects it in anyway. +I am a software engineer. My wife is a pediatrician. + +As I watch the passive income stream in from investments, I am seeing that the amount of money we get from our jobs matters less and less over time. + +I don't hate being a programmer. I enjoy coding challenges. The problem is that most of my work involves waiting for people to respond to me, or doing other non-challenging kind of work. So it feels like a lot of my time is wasted on non-coding tasks. Lots of busy work. + +This is usually why I kept switching jobs. To find something more challenging. But I am starting to feel like all full-time programming jobs suffer from the same problem. + +It makes me wonder if there is some alternative way to doing things. + +I want to continue working, but I wish I had more time to do other things. Especially since we have kids. + +Wage income is not as important, so I can take up pretty much any kind of job. However, I don't want to lose my programming skillset. + +I don't want a remote job, because I enjoy interacting with coworkers in person. + +As far as I've seen, part-time programming jobs are extremely rare. Even then, it's just a full time job with reduced hours. Like working 9-6 Mon-Thurs. That's still 36 hours in a week. + +I'm looking to do something a bit more extreme. Like 24 hours in a week? + +The only way I've seen people achieve this kind of schedule as programmers has been freelance work. + +But it sounds like that kind of work would involve a bunch of time looking for good leads and meetings figuring out what to do, instead of actual coding. I feel it would involve more non-coding time than what I experience in a fulltime job, which I am trying to avoid. Also, I'd prefer to work in a team with people, rather than solo. + +This leads me to think of a completely different lifestyle: Take on various part time jobs - Phlebotomist, Tutor, maybe some kind of part time skilled trade.. and do online coding challenges as a hobby. + +Yeah... I feel like I'm rambling a lot, and complaining about a position other people wish they had.. I just don't know how I will end up retiring if I can't decide this kind of stuff now. +We just got the letter in the mail about the increase to our mortgage repayments and it got us thinking. + +How many people won’t be able to make repayments and what will happen, the banks take their homes? + +Apologies if this is a stupid question. +As I'm sure many of you guys know, the buffet indicator takes the total market cap of U.S. stocks and divides it by the U.S.'s GDP. this ratio is usually around 50-100%. However, currently, it's showing as over 200%. With the only other times, the ratio being even close to this high being in 2008 and 2000. Should we be worried about a huge drop here soon with the market being so overvalued? +So my boss made a mistake with my contract when it got renewed and he couldnt pay me, in Februari we found out about the mistake and that left me stranded, because the earliest he could pay me was the 24th of march, but that didnt work either since the dude that had to fix the mistakes was on vacation till the 25th, so now after 4 months of being a poor dude. + +the money is finally here, + +Jeeh for me! +Simple questions: I suspect that there are some posts here created for the purpose of enticing discussions and generate likes. The odds are extremely low for people with millions or hundreds of millions to ask random strangers important questions. For one thing, if you have hundreds of millions of dollars, you hire for the best in the industry to give you financial or life advice. If you are worried about being scammed, you pay for hours to ensure unbiased opinions. Two, if you have than kind of money, you really don’t need satisfaction from compliments out of random people at Reddit. + +Am I wrong? +This is the bitcoin address used to vote on bitcoin.com - https://vote.bitcoin.com/addresses/16cou7Ht6WjTzuFyDBnht9hmvXytg6XdVT + +The address on block explorer https://blockchain.info/address/16cou7Ht6WjTzuFyDBnht9hmvXytg6XdVT + +Sent 25k btc to this address : https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ (bitfinex personal deposit address?) + +Then moved to bitfinex cold wallet address 3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r + +Bitfinex cold wallet address https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html + + +Original tweet: https://twitter.com/windsok/status/929626408753627136 +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I started #thetagang reasonably recently (i.e. 6-9 months ago) and first started closing trades at 50% of profit, a la the TT method, which seems popular on this forum. + +I understand that a lot of people manage their margin requirements very closely and as a result always roll rather than take assignment. If that's you, then this post doesn't really apply. + +Others (like me) only really use 20-40% BPu and just take assignment when puts move against you. If that's the case, what's the point closing at 50% if you still like the company? Here are my thoughts: + +\- I'm willing to take assignment, and can take assignment of all my puts at the same time if need be + +\- The only problem with gamma risk is that it can take you from OTM to ITM very quickly towards expiry + +\- However, covered calls and short-puts are synthetically the same. So if you don't mind taking assignment, why bother close your trade simply for gamma risk? You can just take assignment of the put and sell a CC. + +\- Your hit rate would be lower, but I think your overall profits would be higher because you're devouring those final weeks of theta, which can be very lucrative. + +Any one mind pointing out something I might not be seeing? + +Again, if you're worried about assignment, then I appreciate the above doesn't apply because gamma risk obviously raises your chances of assignment. +Well I've really blown up my account. I have -142k on margin in TDA and basically no buying power. I've sold spreads and they've gone against me. Any advice on what I should do? I've been trying to trade myself out of this hole and have gotten dug in deeper. Should I liquidate some stocks to reduce my margin balance? Should I do something else? Should I throw more money from my income into this account to get that margin balanced reduced? The monthly margin cost is nothing compared to the losses I've had but I'd still like to reduce my margin balance. +I suspect the City of London will find a way around Brexit. And I certainly don't beliebe any European city will rival the City of London in the next decade. But, there is a lot of talk of Paris benefiting from a wounded City. Why not Dublin? They speak English, are more business-friendly and have lower taxes than France. And Dublin does have a nascent financial sector, including an exchange. Importing talent would be quick and more seamless than in Paris. + So always go back to these 4 simple rules: + +&#x200B; + +1. The price is academic +2. It's only a loss if you sell +3. **Shorts must cover** +4. Hold until 🚀🚀🚀🚀🚀🚀 + +Everything else is noise. + +I will post this once a day to keep spirits up and heads in the game. If in any way the SHFs were to refuse to cover their positions and the DTCC and SEC allowed this to happen, they would all essentially be screaming to the entire world, -- and the entire world is watching this shitshow under a microscope -- "Fuck you, poor people! We're not letting you get rich! We'll break every rule there is if we have to and there's not a single legal thing anyone can do to stop us!" + +That would **PERMANENTLY** and **COMPLETELY** destroy the US stock market. Everyone the world over would immediately sell every share of every stock they own and never put another red cent into it. I don't doubt some of the HFs wouldn't give a fuck about this, since they're rich and only care about themselves, but about the entire US stock market collapsing and never recovering the SEC would definitely care and wouldn't let it happen. Plenty of powerful politicians own stocks and they wouldn't DARE allow Wall Street to bankrupt them. + +So in addition to the above four rules, you also only need to remember 2 more things at most: 1) that Ryan Cohen is not going to let his company go out of business and if the HFs refused to cover their short positions, **he would sue them and have plenty of whales backing him.** + +And 2) that DFV just quadrupled down. **If he's still in, we're all still in!** +Hi PF, + + +Long time lurker, first time poster. Here's a question - whats the best way to argue with a crappy insurance company about something they chose not to cover? + + +My wife just gave birth to a healthy baby 6 weeks ago. During that time we were covered under an ACA Silver plan (I got laid off and had to scramble, I got a new job and now we're under that insurance). This is our 3rd child, and the first 2 were C-sections (both C-sections were unplanned, but the circumstances forced the doctor and my wife to make those decisions ). My wife was able to successfully have a normal delivery this time (VBAC). Now we got the bill from the doctors office and on it is $3,947 for the delivery and insurance is not covering any of that. The note says "PR50: These are non-covered services because this is not deemed a 'medical necessity' by the payer." + + +What did the insurance want my wife to do, hold the baby in?! + + +Any help would be much appreciated. + + +Edit: Here's the codes on the bill - 654.21, 650, V27.0, V22.22 + + +Edit 2: Thank you very much for all of your advice, PF! My wife spoke to the billing person at the doctors office and even they agreed that it's not correct, and the billing person will look into it and get back to us soon. Thank you so much to all the helpful people. +I've been trying to research realistic returns for day traders and the results seem to vary drastically. I'm new to trading but decent at programming and I built a trading bot that is returning 18.7%, on average, over the last 12 years. I'm using the stocks in the S&P to backtest and I have backtested about 22,000 trades over the last 12 years. I beat the S&P 10 out of the 12 years and my overall returns also beat the S&P. My best year had about 40% returns and my worst had 2% returns (S&P was negative that year). Anyway, I see people on YouTube getting 100%+ returns per year. Is this realistic? Is 18.7% worth it when accounting for taxes? +An account on OpenSea has been selling free reddit avatars since yesterday, over 92 sales of free avatars in two days and has made near 1 eth in profit. + +all of these avatars have been minted in the last couple of days and are being transferred to the same wallet within hours of having been minted. + +link to account [https://opensea.io/Rexizer?search\[eventTypes\]\[0\]=AUCTION\_SUCCESSFUL&tab=activity](https://opensea.io/Rexizer?search[eventTypes][0]=AUCTION_SUCCESSFUL&tab=activity) + +&#x200B; + +the account in question + +https://preview.redd.it/j3t9f73hplw91.jpg?width=1282&format=pjpg&auto=webp&s=a465988698469b425948a4be2a275b6bfbf2e57a + +some recent activity on the account + +&#x200B; + +https://preview.redd.it/1lp92yhlplw91.png?width=1496&format=png&auto=webp&s=07c1bcc9508d153c49fb268c8e5367bb8a0ca846 + +&#x200B; + +https://preview.redd.it/9qev2hgmplw91.png?width=1820&format=png&auto=webp&s=b4b42a3d80f09049f4cc53d3ba690ee90d62d24e + +if you fallow these transfers all the accounts have the same account history, they receive the avatar from reddit and quickly transfer to Rexier. Rexier then list the avatar lower than the floor price and makes a sale. + +&#x200B; + +https://preview.redd.it/oisqrt2gqlw91.png?width=1700&format=png&auto=webp&s=fb246f6f8c781224a35ba23581f51f303496d72f + +a total of 113 avatars have been minted and sent to Rexier in the last two days. + +Did they figure out a way to get free avatars from Reddit? + +they seem to have figured out a way to cheat the system and are making 0.01 eth an avatar. +I simply cannot find a cheaper alternative from Aldi. Where do the poorest of poor people shop? Are we stricken to the 3 big grocery chains? IGA is expensive, food works is expensive, aldi is expensive and Coles and Wollies are getting on another level of no value for the dollar. + +Am I asking the wrong question? Is the question I should be asking "what do poor people eat?" Because I'm looking at spam this week and I'm feeling cheap junk is my only alternative. +As titled. I was going to reject application but applicant offering to pay one year's rent upfront... + +Is there any catch? + +Rental property is in Texas. +I saw this Market Cycle chart that looks at the market swings through a series of emotions. We've clearly gone through all of these in the last 15 years in real estate. Where do you think we are on the chart in today's market? + +Here is link directly to the chart: http://www.mathisen.ca/pics/graph.jpg +I’ve been debating if it was worth it to use the automatic DRIP method so I don’t have to touch or remember anything or should reinvestment be done manually when price drops occur and DCA into bigger positions. What do you guys recommend? +I mean it's *technically* true since it's basically owning a tiny share of a pool of physical properties. Obviously you'd need to own a lot of REIT shares in order for it make up a sizable amount of your income. If that's the case would you tell people you're a real estate investor? I'd imagine people would assume you own rental properties or something. +Hey All, + +I just ran across a post regarding “Payment for order flow” that made me wonder if all the newbies understand how to enter your orders. + +NEVER SUBMIT A MARKET PRICE ORDER. Especially in a volatile market. + +Alway use limit orders, Alway. It is better to not get the order than to get caught in and order up/down vacuum and wide bid/ask spread +The offer is 3% balance transfer fee on both offers, but the first is 0% interest until February 2023. The second is 1.99% interest until May 2023. For both, the APR goes to 14.99% afterwards. + +I figured mathematically, I’d be paying less even with the balance transfer fee. Or I could transfer part of it ($7,000 or so), though I’m not sure what sense that would make. But I would effectively be maxing out the card where I’m transferring the balance as the limit is my lowest on a card ($13,000. Current card has a $23,000 limit). + +The card I would be transferring this to currently has a 0 balance. The only credit card debt I have is the $10,000 I’m looking to resolve. Any advice is appreciated. Thanks. + +And before anyone tries to argue, it was an emergency. I would’ve used cash except I didn’t have enough in savings and I could only pay one way. I have $6,000 in savings after the home purchase and fixes, and I didn’t want to deplete that anyway. +Hey everyone, + +For a bit of background I’m 20 going into my third year of university studying engineering in the UK and I know I want to invest for the longer term (10-15 years). My current income consists of my government student loan and two part time jobs. + +I’m thinking of investing in a low risk growth fund through HSBC is this a good idea or does anyone have any recommendations? Or should I wait until I’ve finished university altogether and have a full time income? + +Any advice is very much appreciated, hope you all stay safe! + +Edit: Since it’ll be more effective to invest in a index fund after university where I’ll have more disposable income, I’ve found it insightful to set up an emergency fund and pay £250-£350 a month into it :) Thank you so much for all the advice! +tl;dr: BBBY trading more than 10x of its entire float in two weeks along with retail's relative lack of interest implies (1) a prior, massive hidden short interest in BBBY and (2) GME has the same massive SI, but its much much larger. + +Hey Folks. Speculation Here. + +Like many of you, I've been relatively silent in recent months. Just buying, hodling, and zen. Also like many of you, I have a soft spot for BBBY solely because RC owns 10% of the company and because it's in the swap basket GME is in (Disclosure: I own zero anything in BBBY). So I was happy that it started launching in the past few weeks. + +The Volume is INSANE tho. + +Over the last two weeks, BBBY's trading volume is almost 20x its free float and almost 15x its total issued shares. + +Volume Since August 8th: 1.19B + +Shares Outstanding: 79.96M + +Public Float: 61.58M + +[Here's A Chart \(via WSJ\)](https://preview.redd.it/qsjvc220qgi91.png?width=1902&format=png&auto=webp&s=c259c0f9c76b0a0d470f998e41bb928add3e9998) + +I was joking with another fine GME fellow last week about how "yes, out of nowhere, retail decided to dump billions into BBBY and trade many times its float," with it being obvious that huge financial institutions were the real drivers of the price and volume. + +This morning, I was thinking back on all the great DD from last year about swaps, hidden shorts, and how SuperStonk (and non-Reddit folks) held many times the float. And something clicked, so here's where the speculation comes in. + +I have not seen any large dedicated community of BBBY investors consolidate around the stock. (And honestly, I think a lot of the Reddit "enthusiasm" about it that I do see is a deliberate distraction, but whatever.) RC bought months ago. Nothing is really happening in the news. And BOOM. + +All of a sudden, 20x the entire float was traded. + +Sure, some of it was driven by options/gamma. + +But, who was really holding enough stock to want to sell 20x the entire free float? Smells like some SHF fuckery with a lot of naked shorts on their books. Maybe they are covering? Maybe they are closing? Who knows. But there must be a massive, massive hidden short position that needed to be traded for whatever reason (part of swaps and the rollover period?). + +And who is on the other side of these trades? Are the market makers really able to locate buyers for one billion shares of BBBY? Or could they be internalizing a fuck-ton of systemic risk? + +And that's just one basket stock. With no DRS movement. Without a large dedicated investor population that has continuously bought the stock for two straight years. Without game-stopping innovations (like GameStop's Wallet & NFT Marketplace). Without the historically reported short interest of 226%. Without any news. And BOOM. 20x the float traded in two weeks. + +I cannot even begin to speculate on how massive the hidden GME short position is. +So I have found out recently that my parents never got legally married, they only had a cultural wedding. My state does not have common law marriage so they would be considered single in the eyes of the IRS (based on what I've read). My parents have always filed as married filing jointly, however, and they have never run into issues. + +Now my dad wants to leave from my mom, so would it be okay if they both start filing as single from now on? Or are there implications since they have filing jointly for the past 20 years? + +Edit: Thanks for the replies everywhere, I appreciate the information, it has been helpful. I thought I should clarify some things. My parents are first generation immigrants so that is why they didn’t understand that they needed to go to courthouse. They really thought their cultural wedding was all that’s needed. I guess no one ever told them otherwise or asked for a marriage certificate because they haven’t run into any issues (yet). I’ll be discussing this with a tax attorney. Thanks again for all the help! + +Edit 2: I should have clarified that they had their cultural wedding in the US, not their country of origin. + +Edit 3: a couple people asked, this is in CA. Sorry I should’ve stated that originally. + +Edit 4 (FINAL): After I posted, I reached out to my county clerk to verify if my parents were married or not. They got back to me and it looks like my parents were both wrong, they actually ARE legally married. I’m pretty annoyed that they somehow forgot and lost their marriage certificate. More so that they sent me on this goose chase, but at least that simplifies things. Sorry, I feel like I wasted a lot of people’s time lol. I learned a lot from this though, so thanks to everyone who replied! +Hey babe, I'm the mouth-breathing cunt that laughed at you and implored you not to buy when you posted on here about Creso (CPH) 6 months ago, I think it was on its downtrend at about 5 cents at that stage. + +Dunno why you deleted your original post but I owe you a wristy, I'm also keen to know if you ended up buying and held on until now? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +My wife and I are 38 and 36 years old and we have 2 boys 8 and 7 years old. We gross $130K per year and are now debt free. After living expenses we will have about $4,500 extra a month. We have about $185K saved up for retirement. We are only investing about 2% in a 401K currently and this amount maxes out the match. + +Short term we want to buy a vehicle for cash and build up the emergency fund to $25K. After this we want to go on great vacations and start setting aside money for kids college. + +Any tips/thoughts to optimize our extra funds as we enter the next phase of our lives? + +RESPONSE: Thank you for all the kind words and advice. We will definitely bump up the 401K/IRA contributions up to 10% of our gross. I don't want too much tied up until I turn 60. I think that will leave us plenty to do everything we want to do between now and then. +My partner is a hairdresser and is desperate to move into a new career due to the harsh working conditions, shit pay and lack of flexibility in hairdressing. He is intelligent and creative, but never finished his arts degree due to major anxiety and ADD. It gets harder as you get older to go back and study, and he wants to make the right career move in terms of improving work-life balance and providing growth opportunities, and more stimulating work. I was thinking sales and/or software development, but keen to hear from others as to industries that will accept older, non-qualified candidates. He is good with comprehension of abstract/complex ideas, has strong drawing and design skills, personable and tech savvy. Can be overly ideological so nothing too soul destroying. Not good with concentrating or synthesising complex info (I.E research) +So I just finished my finance and economics degree and have an offer as a customer service representative at one of the big banks. The goal is to work in this role for a while before moving on into a more finance related role within the bank. My question is whether this is something that happens often and is worth taking on? Would appreciate any sort of advice. +35 M wife is 34 + +I have two daughters 8 & 5 and a son who is 1. We just hit 1 mil invested net worth this year with no debt and very comfortable expenses of around $70k not including taxes. + + +We currently save & invest roughly 2x our expenses every year. By conservative math half of typical returns for the next 15 years we will be we more than safe to retire by 50 with well over 35x expenses saved not including my pension or our SSA benefits. (These by themselves would cover nearly our entire expenses starting at 62) + +Neither one of us hate our Jobs, my wife's is a more high pay high stress style job than mine but it's also one she can do from her home office. But, neither one of us "loves" our job. We prescribe to the idea you work to live not live to work. + +All that was just some background to let everyone know we will be "able" to retire at 50 very comfortably and probably could retire at 45 with out issues. + + + + +The problem is that I keep running into is that in 10 years, our kids will be 18, 15, 11. And in 15 years our kids will be 23, 20 , and 16. + + +Has anyone retired with teenagers that could give some advice? + +My kids are great 0 problems life wonderful. I would retire now with them if I could. + +But, once kids get into their highschool years they won't be little kids anymore that I could just pick up and spend months away on trips or would I imagine be thrilled having mom and dad home all the time. + +Likewise they won't quite be old enough to just have them housesit when we go on some grand long trips. + +Also, while we do talk financial stuff with our 8 year old how healthy is it for kids to see their parents retired before they even go to college? + + + +Right now I am thinking of waiting until I am 52 and my youngest is 18 before retirement, but even then I am torn. I will have been working nearly a decade longer than I needed to and at the same time my son still will not have even started college. I know it is a first world problem. But I figured there have got to be some people in my situation here. + + +The other option would be to retire in my early 40's and get extra time with my kids as kids, but I certainly wouldn't have the retired on the beach life possible with working ±5 more years. Wife is not a fan of the risk of not having enough to help our kids later on in life if needed. + + + +What have the people here who have multiple kids done and what works and what doesn't? + + + + +Edit: just to add My dad retired pretty early even though it was before FIRE was a thing. He retired at 55 and it was great. It has been what started motivating me to want to retire early. 55 was the original goal then 50. + +Now it is looking like 45 would be possible and I just don't know if retiring too young would make this change from an inspiration like it was to me. To a possible detriment of my teenagers not seeing their parents working and expecting life just to be easy. And not understanding the hard work and savings that we have done for the past 13 years. + + + +Edit part deux: +We are not the typical FIRE couple who are working ourselves to the bone burning the candle at both ends. +My job is hard and sometimes physically demanding but it is usually enjoyable and a 15 min drive from my house. +My wife's job is not fun and high stress, but it is a work from home job that literally let's her work in her pajamas. Even pre-covid. +Hey everyone, + +I created a spreadsheet to track & analyze stocks. + +**I fixed a couple of things, so if you already have a copy make yourself a fresh one!** + +[**https://docs.google.com/spreadsheets/d/10MRjupIWNNAO4fdKkgW9QM\_IUpPrduHtKz\_JiS8JUUA/edit#gid=1116024769**](https://docs.google.com/spreadsheets/d/10MRjupIWNNAO4fdKkgW9QM_IUpPrduHtKz_JiS8JUUA/edit#gid=1116024769) + +**It consists of two sheets:** + +1. **Tracker:** A watchlist to track stocks and automatically pull financial ratios and data. +2. **Fundamental Analysis:** A way to automatically pull financial statement data, ratios and metrics for analysis. + +Everything is **automated**, the only things you have to change are the **tickers** and **data points** you want to pull. + +**Getting Started:** + +1. **Open it, go to File and click Make a Copy** +2. **Follow all of the instructions on the "Guide" tab** + +**Use the sheet in this way:** + +1. Add new tickers to column A of staticData +2. Sort column A of staticData by A-Z after adding new tickers +3. Add the ticker you want to analyze to A1 of fundamentalAnalysis + +If you end up adding new rows to Tracker or staticData you'll need to make sure the formulas are applied to each column, do this like you would in Excel, drag the cells down. + +**If you like the spreadsheet, buy me a coffee!** [**https://www.buymeacoffee.com/oldworlds**](https://www.buymeacoffee.com/oldworlds) +My aunt has been renting a single family home in Newton, Mass for over two years. She initially signed the lease for one year and has since gone month-to-month. The landlord cashed the deposit and a few rent checks initially, but has not deposited over 24 months worth of rent since then. + +My aunt works in finance and is aware that that money is not technically hers, and has kept it all in het checking account, so there is no concern about not paying the back rent. + +What are her options as a tenant if she decides to move? The landlord is obviously very hands off and we are wondering what responsibilities my aunt will have for any stale checks over 6 months old. +Is this a simulation? Is this the top? Are dog coins the killer use case for blockchains lol? + +You can verify it yourself on CoinMarketCap, SHIB had a volume traded of $30 Billion while Bitcoin and Eth had $39 and $23 Billion respectively. + +Navigate the cryptoverse with caution because markets can remain irrational longer than you can remain solvent. + +This year has definitelly been the weirdest in crypto, we had jpeg rocks selling for millions, 2 dog coins in top 10... the next bear market is gonna be brutal, I can feel it. +Why stop at just video games? GME should be the phoenix rising out of Toys R Us ashes. There's already so much beautiful irony in what caused Toys R Us to fail is what caused GME to flourish. Hedgies took down Toys R Us, but Toys R Us 2.0 took down the hedgies. + +I rather give GME my business than Amazon on any day. There's so much room for potential expansion. + +For Geoffrey the Giraffe. + + +[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!* +In a securities filing, Twitter noted the restructuring is "part of an overall plan to organize around the company's top product priorities and drive efficiencies." It said it expects to spend the money it saves on "its most important priorities to drive growth." + +In the filing, Twitter also noted that it expects revenue and a measure of its adjusted earnings to come in above the high end of its previously forecast range for the third quarter. + +Shares of Twitter are green premarket. +Any of you say otherwise? Trading options has made me realize that you can have really nice returns in a short amount of time, however, you are exposed to more than the desired risk, hence the reason for such returns. Which in my opinion allows for more cash flow generation again, not without its pitfalls. I read through Berkshire's letters and found a significant amount of earnings attributable to underwriting, providing more cash to invest in equities. Any of you follow this strategy? +^(This is a brief writeup, intended to simply convey an idea I believe in without pages upon pages of text, tables and numbers. DYODD, always.) + +**Core idea** + +Amazon is a company with several very well established businesses which have grown a lot since covid and continue to have strong growth momentum. At the same time the valuation has come down to pre-covid levels and only ≈15% above covid lows from spring of 2020. + +**About the company** + +Amazon is by far the largest e-commerce business in the U.S., with over 40% market share. Walmart is second with ≈6% and Ebay is third with ≈4%. Amazon's market share in EU is about 10% and growing. + +Aside from e-commerce, Amazon has multiple other well established businesses – AWS, subscriptions, publishing & Kindle, 3rd party marketplace, food retail, and more. AWS is the most notable, but others are also huge. Revenue from Amazon subscriptions was $31.8 billion. That alone could be a Fortune 500 company. Amazon's food and beverage sales could also be a Fortune 500 company on its own. Amazon has more employees than some countries have in their entire workforce. At least 50 such countries. + +Many of Amazon's business areas still show strong positive growth momentum which is unlikely to disappear anytime soon. For 2021, subscriptions grew 26% YoY, AWS 37% YoY, etc. + +To keep things brief, let's look at Amazon's annual revenue which clearly reflects the growth.I will also add total assets and equity. Numbers in billions of USD (rounded down): + +|Year|Revenue|Total assets|Equity| +|:-|:-|:-|:-| +|2021|469|420|138| +|2020|386|321|93| +|2019|280|225|62| +|2018|232|162|43| +|2017|177|131|27| +|2016|135|83|19| +|2015|107|64|13| +|2014|88|54|10| +|2013|74|40|9| +|2012|61|32|8| +|2011|48|25|7| + +**Investment thesis** + +Amazon as a company is solid and has a strong market position. The essence of this investment thesis is regression to the mean. My take today is that market in aggregate will not significantly change how it values Amazon. + +Since Amazon is valued close to 2018 levels (see [printscreen](https://i.ibb.co/TPBNGgp/Amazon-EV.png) of enterprise value) although the company is much larger today, I see potential for recovery. The reasoning might not seem particularly deep, but it has worked many times in the past. DYODD. +I understand as a value investing subreddit, people here talk about strategies, unfortunately no one talks about the vehicles through making massive returns. I personally have been aware of value investing for a couple years and figured it worked for buffet or Carlos slim helu, and recently deepfuckingvalue, so it should work for me, All I got was decent returns that sometimes beat the market and sometimes underperformed. + +&#x200B; + +I did not realize that these successful investors used different vehicles and were well versed in the world of finance. Warren buffet increased his net worth by owning and investing insurance premiums, dfv used options with a good understanding of them. So this begs the question what investment vehicles do people use and how do they use them to apply otherwise decent strategies. + +&#x200B; + +I'm curious about anyones experiences with financial products and applying their methodology. I personally want to use the wheel options strategy on margin on good companies with a proven track record and growth. With value stocks I would buy leaps and write calls against them sometimes, since it takes a while for a value thesis to materilize. +I listen to the various pundits on CNBC every day talking about stocks and they'll often say, "I think stock X is over-valued and I'm waiting for it to pull back to $Y." Now sometimes they'll base that on the technicals for the stock but other times they seem to imply that their target is based on valuation. What I'm trying to figure out is some rule of thumb for coming up with a rough target price for a stock using the stock's P/E ratio. For example, I'm might try to estimate an entry price by going to eTrade, looking at the annual earnings for the stock, eyeballing the P/E Trends chart for a stock to figure out what an average P/E for the last year was, and then multiplying that P/E by the annual earnings to come up with a price. Is this a reasonable way to try to figure out the target price for a stock? And should I be using the annual TTM earnings (i.e. the earnings for all of 2019)? Sorry if this sounds like a stupid question. I'm obviously a novice. + +Also, is this the right subreddit to ask question on evaluating a stock or are there more suitable subs to ask my questions on? I'm not sure if this is the right place to ask questions since the bias is towards value investing and I'm more interested in analyzing growth stocks. +I have recently started analyzing companies via DCF. + +Two of the biggest problems I've had are as follows... + +1) How many years should you forecast into the future? - the NPV value I arrive at just keeps increasing as I forecast further and further into the future. I expected that it would eventually cap after so many years. A specific example - I determined the growth rate of FCF for 'Biffa plc' was 13% and when I forecast 5 years, the NPV (before adjusting for debt/cash) was 2.6 B, then for 10 years it's 3.8 B, then for 25 years it's 12.6 B. Am I going wrong somewhere? + +2) How to calculate an accurate value for the terminal growth rate? - The way I have been doing this so far is using the EV/EBITDA stated on Morningstar for an 'exit multiple' to arrive at a terminal value using the 'exit method' and then using this value to calculate the terminal growth (g). Is there a better approach for this? It feels like I'm just using one assumption (exit multiple) to calculate another assumption (g)? + +Thanks! +I know property is a safe bet, particularly in London where the value is almost certain to continually increase, but it is simply not an option for me. I have done some research into things like debt securities, stocks and shares, and the like. + +I guess what I'm really asking is is there anything I can invest in/buy that could be used as a long-term asset like property is? Something that I could always sell if needs be, or can be factored into savings and retirement plans. +Hi. Keen for thoughts from the group, primarily from those with knowledge of bond investing - although all comments welcome! + +I hold about 5% - 10% of my portfolio in high yield (junk) bonds. + +My general investing approach (ignoring my direct share holdings) is to mainly use passive funds for large efficient markets, and active funds (open or closed ended) for less efficient markets where I think a fund manager might have an 'edge' (e.g. emerging markets). + +For my high yield, I've been holding it as active, open ended funds (e.g. JPM global high yield / Baillie Gifford high yield / AXA high yield). + +I'm trying to decide if the fees I am paying to the fund manager are worth it, or if I'm better off long term with a passive etf (e.g. GHYS). I'm trying to work out if the fund manager has an 'edge'. + +Looking at all the funds (including GHYS), the distributed yields are similar, at about 4.5% - 5%. Duration is also similar (about 3-4 years), so the interest rate risk is similar across all. + +However, yield to maturity / yield to worst is also similar across all (approx. 3.5%). The bonds are (obviously) trading at a premium, and are going to lose principal value as they pull-to-par. I'm wondering if this is an example of why an active manager for high yield is worth the cost, because a passive fund will just give up that value (subject to its holding rules) whereas an active manager will be able to manage the curve better (e.g. selling lower duration and replacing with higher duration as they roll down the curve). + +Any guidance on how much value an active fund is adding, and if it's worth the fees? + +(I understand the risk of holding open ended funds if liquidity dries up - which is another reason I'm looking to move to closed/listed. But my question is more focused on whether to shift to passive). + +Thanks for reading - keen to hear your thoughts! +So RDS.B has finally dipped below 1000p. I've always held it as a buy below this rate. Shell has been a reliable dividend stock for a long time. However times are changing. Would u still buy shell at this new low price? Or are oil companies doomed and never to recover as they get replaced by electric and other clean energy? +I'm 43 years old and in the fortunate position of having paid my mortgage off and running my own business. + +However I have very little in pensions and having my own business means I can make employer pension contributions up to 40k per year. + +My intention is to open a SIPP and put as much into it each year as I can. My problem is the options seem never ending. + +I've read through various threads here and looked at HL, Vanguard, iWeb, and a dozen more. All with different annual fees and fund fees. + +I'm just looking for a well priced SIPP with a wide range of investing options. + +Is there a clear market leader or just a matter of personal preference? +Sad state of affairs is our UK high street, but these are changing times. + +What will be the next high street retail chain to go under ? + +at 12p, I can see Mothercare is having the cr\*p shorted out of her. Any other casualties on the horizon? + +Next PLC? + +M&S ? + +French Connection? +Hi all, + +If I plan to invest around £1000 per month should I be better of choosing an index fund or ETF assuming they both track same index or it won’t make a difference apart from the ongoing and dealing charge. + +Thanks +I am a school student looking to put my first £500 investment into the stock market as I want to pursue a career of investment managing. I’ve spent the last couple of weeks evaluating different companies (all American due to the larger coverage and information) and found ~12 dividend-paying stocks that I want to buy. I am also looking to put some of the money into ftse250 tracker and a smaller percentage into global clean energy etf. + +The problem is that HL, the provider I must use as my dad has his account with them, only reinvest dividends once it reaches a minimum of £10 pee holding. Now obviously with £500 split between ~12 stocks and two etfs, none of my holdings will be close to that value. +Conversely, if I was to manually reinvest those dividends the trading cost would be too high for it to be worth it and I’d be losing around 2% of my portfolio per month just in trading costs. +I could always just put all the £500 into the ftse250 tracker however I am looking for experience in stock trading and learning from mistakes early on. + +Does anyone have any suggestions as to what I should do? + +EDIT: just done some research into T212. This looks a lot more realistic and the new autoinvest update seems perfect for what I need. +So I've been enrolled in my company's sharesave scheme for the past year-ish and re-enrolled this year too. The scheme runs on a rolling three-year basis so I've got 2 years until the first scheme matures, so I'm very much just thinking ahead right now. + +At today's closing price, if I were to sell I'd make a ~45% profit. Though my company's share price is fairly volatile and is only up 1% from 3 years ago. So that 45% gain really only represents my 20% discount plus the recovery since last year's flash crash. Kerching, kinda. + +Even though I'm 2 years away I'm trying to decide now what I'll do, so I can make some plans around it. + +Assuming the share price doesn't nosedive over the next two years, I think I have three options; + +1. Buy the shares at the cheap price, hold them, and enjoy some dividends twice a year while my pool of shares grows every year as the scheme continually matures and renews. +2. Sell the whole lot, take the profit, and just funnel the cash into my ISA or towards a house deposit and a holiday etc. +3. Recoup my initial investment and "let the profits ride". + +I like the sound of all three. I like the idea of my company paying me dividends on top of my salary, it's how a lot of people at my company have made a lot of wealth over the years. But I also appreciate the fact that it's a bad choice for diversification, considering if my company fails for some reason I lose my job and thousands of pounds in savings... + +Additional thought is whether I renew the scheme at all next year. Say I enrolled three years ago, I'd have made a 20% profit, but that's got to be below the returns on just taking the cash and putting it into my regular global tracker... What's to stop that happening again? + +Just wondering what other people do? + +Mods: This may be a better question for UKPF. If so just let me know! +Both BP and Shell are trading around their 52 week low. The future of oil is bleak but given these big companies have money to pivot into clean energy, are they worth investing with long term in mind? +Sad state of affairs is our UK high street, but these are changing times. + +What will be the next high street retail chain to go under ? + +at 12p, I can see Mothercare is having the cr\*p shorted out of her. Any other casualties on the horizon? + +Next PLC? + +M&S ? + +French Connection? +Since medical marijuana is becoming legal in the UK it is an industry that has caught my interest. Any opinions on cannabis companies? + +I'm aware of Aurora and Canopy but cannot trade on the Canadian stock exchange. I'm ok with US markets but would prefer to avoid them. I'm not sure if any other parts of the world have companies worth investing in. + +It does seem that cannabis companies have taken a bit of a downward rally lately and I understand the problems the industry is facing. +hi thetagang, + +glad to be with you. I’m new and actively learning be selling csp/ccs weeklies. Wanted to know your opinion on why 30-45dte is generally considered better than weeklies. I mean except for commission cost and more management weeklies are pretty much same in terms on premiums, theta decays faster, rolling is also simple. Or i don’t see some obvious points? Did you folks have more success with longer expiration dates? + +thank you +For Americans who achieved/achieving FatFIRE while living abroad (Japan specifically) and earning all income abroad, what was different? Hoping to absorb lessons learned/success stories from those who have made it work. + +Me: US biglaw associate going to Tokyo (Japanese company), paid in yen. I'm not Japanese/don't speak Japanese. However, there's a good chance I may stay in Asia for the long term, mostly because of my Japanese girlfriend, also a high earner (to the extent it matters). Ultimate goal for me is perhaps going in-house in a multinational in Tokyo/Singapore, or starting my own online solo/digital nomad practice. + +Scattershot questions: + +(1) Is it a bad idea to basically dump all my extra income in the US? Since I don't speak Japanese, my plan is to just regularly move money to the US via Transferwise and put it to work in the US. Wondering if it's feasible to be sending home a lot of cash, or if there's other compliance issues I need to think about (taxes, AML laws, etc.?). + +(2) Any int'l tax firm recommendations for individuals? I've had a bad experience with a big 4 who did my taxes the last time I worked abroad, and I'm not confident I could do taxes on my own (especially for Japan). + +(3) California taxes. I plan to move to a tax-free state where I have family prior to moving to Japan, and severing all California ties, but my bar license will remain with California. I'm wondering if I should worry if that's the one tie I can't sever, even if I plan to never return. I will try to get licensed in the new state before I leave, but timing may not be feasible...I just dread having to deal with an aggressive tax board. + +(4) Shutting down of bank/credit cards/brokerage accounts - I've heard this can happen to expats. Anyone have to deal with this? I'll still have a US residential address so perhaps not an issue. + +(5) What else is different, or what should I be thinking about? Life advice? + +Forgive me if these are actually general expat questions, but I feel like with FatFIRE goals the answers may be different compared to a 20-something English teacher (i.e., the subject of all the other Japan expat advice I've seen). Gracias! +My wife and I (both 34 years old) accomplished three major milestones in the past year: + +* Hit $1M net worth +* Payed off all school loans +* Bought a house + +Here's a [snapshot](https://drive.google.com/file/d/1y_Dp9VbhNF8KwGJHSvDkJANBIVP4P13q/view?usp=sharing) of our financial picture if you're at all interested. Our current income is about $400k per year. Couple of learnings from the journey to $1m: + +**How we feel**: We feel solidly middle class. I'm personally very nervous that we're not building wealth fast enough... we worked our asses off to get where we are and made some great decisions, so it concerns me that I don't feel like we're not on track to having "fuck you" money. I'm constantly worrying if our investments are too risky or not risky enough... it's exhausting. Should I be starting a side hustle? No fucking clue. I feel a little lost, even though on paper we're doing fine. It sucks that there are very few people you can talk about these kinds of things with. + +**Loans**: I'm retroactively kicking myself for paying off $160k of school loans which averaged about 5% interest. I should have bought a house or invested instead, but I guess hindsight is 20/20, and I'm happy I paid them off. Our only debt now is revolving credit card, 2.4% mortgage, 2.5% auto loans, and a zero percent interest rate deal on new kitchen cabinets. + +**Startup**: I left a well paying job to go do a startup with some friends. It fucked us. I should have checked my ego and should not have taken such a careless risk with my families future. Everyone tells me "it's ok, you had to try" but honestly, no you don't. My words of wisdom: never trust ANYONE with your families future, even your closest friends. + +**Home buying**: No matter what anyone says, don't rent. Just buy the damn house. It's worth it to have a stable base of operations where no one except the bank can kick you out. Idk, that's just me, but buying a house is the best decision I've ever made, even though I've lived in much nicer apartments. + +**City vs Burbs**: I lived in several big cities, and I'd say doing so was worth it to gain self-confidence that I could thrive in a big pond, but I don't think burbs get enough credit by younger professionals for their many, many lifestyle benefits at a much lower cost. + +**Investments:** Most of our money is in diversified index funds, and about 20% in companies that I find especially interesting (including my own). I don't own any reits, and I own minimal crypto. + +&#x200B; + +FYI, in case there are young people reading this, I want to clarify that the anxiety I convey above is well worth playing the game. You should read this kind of like the anxiety of a pro football player between big games. I love what I do. I love what we've accomplished. I love the challenge. I love the nature of working. Life is great... but it's not easy. +The vast majority have been here pushing on a year, and we’ve had a couple of these. + +Don’t get suckered into a shitty day trade. Nobody is selling. Patience is all apes ever needed to win this, patience got apes this far. + +Continue DRSing, ignore any media or hyped bullshit, stay on target. + +🦍 👉👈💪 +https://s3.ap-southeast-2.amazonaws.com/hdp.au.prod.app.vic-engage.files/8615/7343/6424/Regulatory_Impact_Statement.DOCX + +https://s3.ap-southeast-2.amazonaws.com/hdp.au.prod.app.vic-engage.files/9615/7300/8175/Proposed_Residential_Tenancies_Regulations_2020.docx + +Speaking to several property managers both metropolitan and regional, they are extremely concerned about the fallout from these changes. The vibe is that many landlords are unwilling/ unable to conform to the regulation (energy efficient appliances, heating requirements and the other minimum standards) and are considering withdrawing their properties from the rental market and offloading them as a result. Obviously this will impact rental prices as supply diminishes however will the flurry of properties on the market destroy any hope of price climbs? Being investments that can no longer generate a yield (as they are untenable or discounts are offered due to non-conformance) I expect these properties to be sold in a hurry and quiet possibly at a discount to ensure a swift sale. + +Further to this, who will buy them? Other investors will probably stay clear due to the costs of rectification. This will obviously impact older properties more so. Poorly maintained inner fringe and regional properties come to mind. + +Some of these changes will be extremely expensive. Upgrading heaters, new appliances and upgrade to switch boards are just a few. + +Any thoughts on this? RE industry is very worried at the moment from what I’m told. More so from a property management side. I am told (sounds far fetched so could be wrong) that agencies will be forced to refuse to have these nonconforming properties on their books. This will also heavily burden agencies financially as rental income makes up a substantial income stream for these businesses. + +Personally, I think these changes are great. Everyone should have the right to live in a comfortable environment. It encourages landlords to keep properties up to date. Unfortunately all investment comes with risk via regulation. This is an example. + +I am led to believe April is D-Day. I believe it was pushed back due to COVID. + +Will this influx of properties impact property prices? +I just wanted to share this somewhere. Money will be a bit tight this month but it's so worth it.. I can finally cut up my card. + +Thanks everyone on here who's helped in making me more accountable of my money. +Hoping to tap some of the extra-fat fire members and discuss family office services. + +&nbsp; + +For reference, My net worth suddenly became mid 9 figures this year, from much much less. It's all crypto (I know. I'm a stupid lucky shit). Before crypto i worked at blockbuster and had just graduated Uni with degrees in Philosophy and Literature. I grew up lower middle class. All this to say I don't really know anything about anything except what i read on the internet. + +&nbsp; + + I feel like I'm in way over my head and I'm just here trying to learn from anyone whos got the experience and is willing to share. + +&nbsp; + +I am hoping that having family office services will remove a lot of the pain points of managing my life, as well as provide opportunities for quality of life enhancements. I'm thinking concierge services, lifestyle management, business and domestic staffing etc.. + +&nbsp; + +Honestly I'm not really sure exactly what these services entail, especially concierge, but I'm envisioning someone who knows what they are doing handling all my bills and finances and taxes and investments, and organizing it all so i have a sense of what it looks like, making sure I'm not getting ripped off or cheated, helping me find great assistants and house cleaners and nannies and event planners and project managers and architects and lawyers etc.. getting me access to, i don't even know, whatever silly opportunities rich people have access to. A life manager and wealth guide/assistant. + +&nbsp; + +I want peace of mind. I also want to join the club and get a taste of whatever I've been missing. + +&nbsp; + +From my research the last couple weeks, I'm learning that most of the firms offering family office services are Wealth management firms charging AUM fees that offer family office services to entice clients to give them money to manage. These make me uncomfortable because I'm weary of the quality of the services I'll receive if they are ancillaries. Also i really like crypto (please just forgive me, really not looking to get into a crypto debate in this thread) and while i am wanting to diversify my portfolio a bit, i probably don't want to divest as much as they would advise and so I feel like the incentives aren't well aligned. On the other hand I do feel like they have probably a lot of resources at their disposal and if I'm a big enough client they would have the incentive to employ those resources to keep me happy. + +&nbsp; + + I have found a couple firms offering strictly fee-based services. They are all stupid expensive of course, but I'm learning to accept that. My primary concern is how do I evaluate their services? What questions do i ask? I'm completely new to this world and I don't even know what's possible, let alone what i should expect. + +&nbsp; + +A big concern for me is that i have a fairly niche tax situation. Within crypto there are a lot of ambiguous tax strategies and a wide spectrum of opinions, on top of that I'm a Puerto Rico resident with a Puerto Rican LLC which offers a lot of very unique tax advantages if you have the knowledge and expertise to apply them. Finding someone with that expertise has been a massive challenge. So a firm with a strong legal network regarding estate/tax planning would be ideal. + +&nbsp; + +How does one make a decision like this? Has anybody here made this decision and care to share? Also would be super grateful for referrals as I'm finding it strangely difficult to find firms via Google +As of now he manages two schemes, HDFC Flexi Cap Fund and HDFC Top 100. The Direct plan of both these mutual funds have under performed even the benchmark index and rank at the bottom over a 7 year period. He has been managing the direct plan of these two funds since 2013. + +Question is, why do media outlets still ask him for interviews and publish his thoughts as gospel? There are other fund managers who have actually done pretty well but enjoy nowhere near the limelight that Prasanth Jain gets. + +Does anyone know why is this the case? Is this about AUM? Do the MF and media guys have some unknown cartel or something? I'm genuinely curious. + +Edit - Btw despite such massive nonperformance, the two HDFC funds managed by him command some of the highest TER in their style of investing. + +Edit 2 - Seems like he has been around for far longer than what I thought. In any case, his performance over the past decade has been lackluster and something that doesn't justify the AUM. With Zerodha and Navi all set to launch ultra low cost index funds, the limelight enjoyed by star fund managers like him and others is all set to end sooner or later. + +Edit 3 - It may be just me but I think most of the older fund houses like HDFC, ICICI, Aditya Birla and Franklin have struggled to outperform the market across the board in actively managed equity funds and it is mostly the smaller/newer ones like Kotak, Mirae, Invesco, Parag Parikh etc which are doing well. +Hey all, been a lurker for quite some time but I wanted to share my experience buying in a fairly expensive area right next to New York City in New Jersey. This was my first rodeo and I had quite a fun learning experience which I want to share with you all as I am definitely going to continue down this path to build a portfolio. + + +**Background:** +I worked for one year in consulting after graduating from university earning 75k and saved every single dollar. I've been interested in real estate as a senior in university and listened to every single Bigger Pockets podcast and have been reading threads in this sub. After 1 entire year of working I had enough for a down payment of 25k and I pulled the trigger! + + + +**Lessons learned:** + +1. **Ask about renovations before closing the deal.** +As most New Yorkers know, we were hit by a snow storm earlier in November which caught the whole city off guard. My roof leaked and my tenants were texting me at 3am... I had no idea what to do besides frantically googling and calling contractors. This cost me $2.9k... In hindsight, I think I should have inspected the roof, or at least asked when it was last renovated. I view this as a learning experience, luckily the 4 months of rent I've been collecting was just about enough to cover this expense. +2. **Have a very specific statement of work written up before contracting anyone.** +I work full time... I can't supervise any sort of work during 9am-6pm. I told the contractor to send me pictures during and after the process but he only sent me the ones of the finished roofing work. How can I confirm he actually fixed the innards of the roofing that are probably rotting due to the water / snow? I couldn't. Now I have to hire an inspector to make sure the job was done right which is an additional cost to me. + +**Questions I have:** + +1. Should I get my real estate sales persons license to save on the 3% fees if I plan to be an investor long term? +2. How do investors that work full time manage contractors when they aren't able to supervise the job? + EDIT: +3. Someone who is an investor, was it worth it to get your own license and if so, +4. How did you find a broker to hang your license? + +&#x200B; +Hello, I acquired a 5 unit apartment using a commercial real estate loan during the pandemic. + +The numbers are pretty solid but when I did the loan, it was at 4% flex rate. I cashflowed around 3k a month on the deal after taking out all my cash outlay. Now... the rate is at 7.6%. I'm still cash flowing less but not catastrophic. However, I'll break even around 9.1%, which isn't that far away. + +What would you do? + +1. pay down my loan with a HELOC that's fixed at 3.5% for 3 years. I can pay around 80% off using the HELOC. +2. keep the current loan, it's cashflowing, who cares. +3. find another commercial loan with at fixed rate term or a rate cap. +4. get another HELOC at 3.5% and pay off the existing commercial loan (keeping my existing for emergencies and other opportunities). +Just had a quick thought.l wanted to get everyone’s opinion on. I currently make ~$125k salary a year working in finance for a bank. If I purchase enough real estate and depreciate it every year it’s conceivable that I would not pay any tax assuming I showed enough loses (I.e. depreciation) from the rental properties. + +Is this possible? Does anyone else do this? Realize might not be possible to get to 0% tax rate but it seems like a good strategy to lower tax rate significantly? (At least temporarily, until have to repay when property is sold). + +Seems like a good way to grow income more or less tax deferred, kinda like a RRSP. + +Appreciate any thoughts, especially from my accounting friends :) + +Edit: thinking this through a bit more and realizing I would have to keep all rental properties under my personal name which might be a liability issue. Might just be easier to set up a corporation? +In the next few months, I’ll have bought my fifth rental, but I’d like to buy more. Each property is doing very well, cash flowing 250-550 each month. Up until now I’ve used my own cash, but I don‘t know where to start looking for investors or what to say. I’m pretty outgoing, but talking about money feels almost taboo. + +What should I do? +We know they watch the sub closely, their 'response' to the 'short selling' slot is perfect proof... Don't you think it's pretty damning evidence that there's no comment about how the DTCC have committed international securities fraud? + +Also, why? + +Not in a general sense, but what's actually preventing that being covered? + +Charles Payne could easily bring up a segment about the 'Reddit Apes' have a new bee in our bonnet, or something derogative, and try to get some answers to why they are not covering it? + +Is it more PsyOPs? They want to make us appear more and more conspiracy theorist-esque? +There are different capital gains taxes in different countries. Some countries, such as Portugal, do not have capital gains for crypto. Can one move to (for example) Portugal and live there temporarily and then sell assets / investments and pay a lower capital gains tax? + +I’m not trying to break the rules - I’m trying to find out what the rules are! +I am currently thinking about to buy a small apartment in Spain. To live in for a short time ~1 year and then maybe live in a few months in the year in future and rent out for the rest of the year. + +Budget would be about 100k. I am from another EU country with basic Spanish. + +Anything to look out for from a financial perspective about buying a property in Spain? Have others here done this and can recommend or dissuade me? +I work as a software engineer on Italy (1 YOE) and my salary is 27000 euros per year. I have a debit account with close to 20k euros in it. As a complete beginner, how much of my money should I set aside for investing and what should I invest in? +I have recently bought my own appartment - debt js almost already cleared up(Have 50k left only - should be paid in the next 5 years) + +I have set aside 10k to furnish the place + +And then I have 5K left to my name. + +Im saving around 80% of my paycheck per month - but once I actually move out it will drop to around 40% I am hoping to save up another 5k before that happens + +So entering a new house with 10k to my name - what should be my next step? + +Note: My income is around 15-20k per year. + +I had a lot of bonds and fixed bank investments to my name, but I liquidated everything slowly to buy the place. Id like to get back into safe investing for some passive income(I had 6% around 8 years ago but I know thats not possible now) + +I am severely out of date/out of touch - What are the safest options right now for low budget investing? Should I even invest at all? Should I just keep saving? + +Edit: Thank you very much for the response! I will look into ETFs, Indexes and will prob use CCTrader or invest with CC instead of trading. +A Comprehensive Compilation of All Due Diligence + +# GME One-Stop-Shop: Cut through the bullshit and do your due diligence! + +*a collection of Deep Dives (DD), News articles, Announcements, Caution, Tools &amp; Resources* + +**Last updated @ 1-Apr 19:05 CET** + +&gt;!Added Resources, Tools and Learning materials as a sticky comment right beneath the main post!&lt; + +&gt;!Next Update: Changing all 'Parts' to 'Weeks/Date ranges', then adding a consolidated list of urls in the Sticky comment!&lt; + +&amp;#x200B; + +## Newcomers Section - Welcome! + +1. *First and foremost,* ***read the rules*** *and know what's unacceptable before you post/comment - found in 'About' or in the right pane in desktop. Ignorance is no excuse and you will be banned if you break the rules* +2. [*GME shareholder starterpack*](https://www.reddit.com/r/GME/comments/lzxb35/gme_starter_pack/) +3. +4. *Understand what an* ***Exit Strategy*** *is (3 separate links):* [*\[1\]*](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to) [*\[2\]*](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am) [*\[3\]*](https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/) +5. [*If there is one single DD you need to read, it's the God-Tier 31-page PDF*](https://iamnotafinancialadvisor.com/Current-DD/) +6. [*Learn how you can help out*](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/gnyi8cw) +7. [Choose/transfer to a good broker](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + 1. [Citadel pays for order flow from these brokers, do not use them](https://www.reddit.com/r/DeepFuckingValue/comments/mbvplb/huge_citadel_is_paying_for_order_flow_from_nine/) + 2. Before transferring call up the broker and ensure the conditions - some brokers allow you to sell shares while in transit by calling them up to perform the order - that's what I did. + 3. Don't buy on margin and ensure you disable margin in settings +8. [*Make use of a collection of tools, as well as some learning materials to get you started*](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/gnyi8cw) + +&amp;#x200B; + +## Current main FUD tactics + +* **NEW: Attempting to associate the sub to any form of group (political/religous/etc) to discredit and separate us** +* Attacking DD authors like Pixel and WardenElite, shills claiming that DD authors aren't as bullish anymore. Believe me, you will know when shareholders aren't bullish anymore. Want to know when? Here's the date: &gt;!never.!&lt; +* Posting BULLSHIT DD +* Downvoting bots attacking trending in 'Hot' +* Urging not to transfer to a better broker - most brokers allow you to sell in limbo so call up each broker and ask yourself! +* the usual psychological attacks: 'bagholders!' 'I sold' 'Oh no it's tanking what we dooo?!' and that sort of bs + +&amp;#x200B; + +&amp;#x200B; + +# 💎 The List 💎 + +*Double-check and verify everything you read and trust nothing blindly.* + +&amp;#x200B; + +💎 **Thur 1 April - Currently being updated** + +&amp;#x200B; + +&gt;**Warning: No April Fools jokes will be allowed on this sub, and jesters will be permanently banned. Before you think that's rough, consider: would you prank fellow soldiers in the middle of a war? Not if you weren't a fucking idiot.** + +&amp;#x200B; + +* There are rumors of a margin call for open short positions - happened from IBKR's downstream broker - FUTU securities. I read some deleted posts about this, so if anyone can find me some reliable references I would greatly appreciate it. + * [IBKR's borrow fee went from 1.3% to 18,000% at end of day](https://www.reddit.com/r/GME/comments/mhoa7y/this_is_a_repost_of_uslyry_getit_because_the/) +* [SEC's FTD updates for Mar 1-12](https://www.reddit.com/r/GME/comments/mh833v/march_1st_march_12th_failures_to_deliver_for_gme/) + * [Remember that FTDs are being hidden via options](https://www.reddit.com/r/GME/comments/mhllzf/if_the_ftd_number_this_month_seems_low_remember/) + * [SEC knows that they have been doing this since 2013 (from the old memo posted before)](https://www.reddit.com/r/GME/comments/mhwxtk/the_sec_knows_since_2013_that_hedge_fund_can_hide/) + * more threads: [\[ 1 \]](https://www.reddit.com/r/GME/comments/mhl79j/official_sec_ftds_fail_to_deliver_march_update/) [\[ 2 \]](https://www.reddit.com/r/GME/comments/mhdf70/gmes_ftds_for_the_1st_half_of_march/) +* [HFs have been shorting treasury bonds, which could lead to a drop in USD value. Yellen calls a meeting to mitigate](https://www.reddit.com/r/GME/comments/mhw44x/wondering_where_tf_the_sec_is_the_financial/) +* [Current GME CEO is on a vesting schedule, and may be waiting until April 15th to announce Cohen as CEO](https://www.reddit.com/r/GME/comments/mhfqa2/current_gamestop_ceos_vesting_schedule_2_weeks/) +* [GME's linkedin updated with the new CTO ex-Amazon (announced early Feb)](https://www.reddit.com/r/GME/comments/mhvy07/gamestop_adds_matt_francis_at_cto_from_amazon/) +* [Building on the 'Everything Short' thread: more supporting evidence](https://www.reddit.com/r/GME/comments/mhnn3i/more_evidence_of_the_everything_short_this_is_huge/) +* [Short volume is still around 60% of total volume DAILY](https://www.reddit.com/r/GME/comments/mhdzpn/if_you_dont_think_shorts_are_still_deeply/) +* [Yesterday marked the lowest volume since 23rd Feb](https://www.reddit.com/r/GME/comments/mhgpun/its_only_been_2_days_today_331_marks_the_lowest/) \- a record broken only two days ago broken again +* [SEC and Citadel's \[un\]regulations and lies](https://www.reddit.com/r/GME/comments/mhkh5z/proof_citadel_has_been_lying_to_you_act_of_1940/) +* [Citadel shady internal calls which allegedly violated rules but will not be confirmed](https://www.reddit.com/r/GME/comments/mhgpun/its_only_been_2_days_today_331_marks_the_lowest/) +* [DTCC rule 004 jargon translated](https://www.reddit.com/r/GME/comments/mhx3p8/i_have_translated_srnscc2021004approvalnotice/) +* [Reverse repo rises 28% within 24 hours, 10x the avrg for Mar](https://www.reddit.com/r/GME/comments/mhqvee/reverse_repo_rate_for_today_is_at_134_billion_usd/) +* [January saw a similar jump in OBV](https://www.reddit.com/r/GME/comments/mhi8dm/there_was_a_similar_obvjump_of_96_in_the_first/) +* [Trading212 doubles team and adds new infrastructure "in order to face upcoming events"](https://www.reddit.com/r/GME/comments/mht19j/more_confirmation_bias_from_uk_trading_212/) +* [Reported SI is fake (we all know that by now) - yesterday \~$53M used to buy deep ITM call options to "cover"](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/) +* [Analysis shows GME still undervalued and remains a deep value play](https://www.reddit.com/r/wallstreetbets/comments/mhcmi4/dd_gamestop_price_analysis_still_a_deep_fucking/) + * [Another thread on undervalue analysis](https://www.reddit.com/r/GME/comments/mhchj9/dd_gamestop_price_analysis_still_a_deep_fucking/) +* [DD into Investment Company Act of 1940, and Citadel's exemptions to the set rules](https://www.reddit.com/r/GME/comments/mde1l7/citadel_investment_company_act_of_1940_exemption/) +* [Prime brokers may have a part in picking the bill up at the end](https://www.reddit.com/r/GME/comments/mh6gfz/the_big_banks_are_the_shorts_who_have_to_pay_when/) +* [MACD indicates it could be time for another surge](https://www.reddit.com/r/GME/comments/mhklxe/proof_macd_says_moon_soon/) \- don't get hyped over this - as we have seen before GME does not move like a standard stock and therefore indicators aren't as accurate +* [Elliott Waves update](https://www.reddit.com/r/GME/comments/mhr81w/elliott_waves_in_gme_update_for_033221/) \- again, GME does not move like a standard stock and therefore technical analysis aren't as accurate + +&amp;#x200B; + +&amp;#x200B; + +**Wed 31 March** + +* [Important Moderators' update](https://www.reddit.com/r/GME/comments/mfwig9/mod_update_automoderator_info_rules_updates_bans/) +* [Alexis Goldstein's AMA this Friday 2nd April](https://www.reddit.com/r/GME/comments/mhfxbm/official_ama_alexis_goldstein_friday_april_2_11/) +* [Diana Jajeh appointed as CFO](https://www.reddit.com/r/GME/comments/mhaz4l/gamestop_announces_diana_jajeh_cpa_mba_as_interim/) +* [OBV may have hit 2.2B](https://www.reddit.com/r/GME/comments/mgzs80/obv_just_hit_22_billion_on_gme_not_a_joke_need/) +* [DD into low borrowing fees and % of float](https://www.reddit.com/r/GME/comments/mh9she/explanation_low_borrowing_fee_put_into/) +* [More on GME shares being hard to borrow](https://www.reddit.com/r/GME/comments/mgva26/gme_borrow_rates_do_reflect_a_hardtoborrow/) \- using the (negative) rebate rate to get a full picture +* [The naked shorting scam v2](https://www.reddit.com/r/GME/comments/mh6lnz/the_naked_shorting_scam_update_selling_nude_like/) +* [Deep dive into Citadel use another company Palafox for shorting the treasure bonds market](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +* FUD: [Shill news articles](https://www.reddit.com/r/GME/comments/mh5m4v/today_is_the_first_ever_shill_news_03312021_where/) +* [Beta at -36 today](https://www.reddit.com/r/GME/comments/mh4bi9/beta_is_3600_on_bloomberg_terminal_for_gme_ape/) +* [Yesterday's new DTCC Filing effective 1st April affecting parties that may be involved in GEM, although not related to this security](https://www.reddit.com/r/GME/comments/mgrx9n/new_dtcc_filing_30_march_recalculating/) + +&amp;#x200B; + +**Tue 30th March** + +* [NSCC Filing 004!](https://www.reddit.com/r/GME/comments/mg4o2q/nscc_filing_today_this_is_actually_insane/) Clearinghouses will **not** take the fall! + * [Here's a very short TLDR of filings 003, 004 and 801 from the comments](https://www.reddit.com/r/GME/comments/mg4o2q/nscc_filing_today_this_is_actually_insane/gsr7oma) + * More related threads: [\[ 1 \]](https://www.reddit.com/r/GME/comments/mfyu4r/nscc2021004_just_implemented_3292021_effective/) [\[ 2 \]](https://www.reddit.com/r/GME/comments/mg5z30/found_a_few_interesting_things_in_the_newly_filed/) + +&amp;#x200B; + +* [New executive hires for GME:](https://news.gamestop.com/news-releases/news-release-details/gamestop-appoints-chief-growth-officer) + * Elliott Wilke (ex-Amazon Exec) for Chief Growth Officer, starting 5th April + * Andrea Wolfe (ex-Chewy) for VP of Brand Development, started yesterday + * Tom Petersen (ex-Chewy) for VP of Merchandising, started yesterday +* [GameStop hosted a meeting (revealed via BB terminal) titled: E-Commerce transformation and structural overview](https://gmedd.com/media/analysts-to-discuss-gamestops-e-commerce-transformation-structural-business-overview/) +* [Online trade-in system launched](https://www.gamestop.com/trade/) +* [Available shares to borrow / float is lowest globally, probably in history - and this does not take into consideration any synthetic longs floating around](https://www.reddit.com/r/GME/comments/mgo0go/the_biggest_anomaly_in_gmes_data/) +* [382k (equivalent to 70% of float) open interest from puts &lt;$175 expiring April 16th](https://www.reddit.com/r/GME/comments/mfw3u4/huge_number_of_puts_expiring_april_16_382k_open/) \- Small wonder why they're doing their very best to push the price below this point. Also note that this is the same date DFV's calls expire and we all know what happened with his last calls' expiry date! +* FUD Shill tactics: [They are attempting to create a discouraging](https://www.reddit.com/r/GME/comments/mg82iw/shill_tactic_821_create_an_environment_so_toxic/)[ environment for posting DD by attacking and harassing authors. Ignore this shit is the best policy](https://www.reddit.com/r/GME/comments/mg82iw/shill_tactic_821_create_an_environment_so_toxic/) + * [another thread](https://www.reddit.com/r/GME/comments/mg13kf/first_pixel_now_they_out_here_tryna_make_us_hate/) +* [Something to keep in mind regarding other people's DD and predictions](https://www.reddit.com/r/GME/comments/mg10gp/discussion_with_warden_clarifying_a_couple_of/gsqlfgt) +* [SEC awards $500k to a whistleblower](https://www.reddit.com/r/GME/comments/mfv9we/just_posted_on_sec_оver_500000_awarded_to) +* Speculation: [It may be the case that \~$220 mark could be a trigger point - DD into beta, $115B order, and FTDs](https://www.reddit.com/r/GME/comments/mfmlfd/115_billion_correlation_ftd_coverage_speculation/) +* [GME's SEC 10k filing breakdown part 3](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/) +* [Adjusted Beta: now at -39 to -27](https://www.reddit.com/r/GME/comments/mfnjik/gme_adjusted_beta_correction_7355_bloomberg/). Bloomberg used too few data points. Doesn't fucking matter, beta is negative - in the end that's counts much more than the value of beta itself +* [More on short-recalls and how whales might be setting shorts up for the MOASS](https://www.reddit.com/r/GME/comments/mg278w/share_recall_the_long_whale_bears_beware_dd/) +* [Max pain indicator shows that trading sideways makes sense now](https://www.reddit.com/r/GME/comments/mfuc5a/max_pain_as_a_price_indicator_sideways_pricing_is/) \- also, just in case it hasn't been clear to you till now - avoid day trading at all costs! + * [another thread](https://www.reddit.com/r/GME/comments/mfyjit/sideways_trading_until_a_catalystliftoff_is_what/) +* [Short read on Archegos Cap and margin calls](https://www.reddit.com/r/GME/comments/mg32j6/actual_must_read_a_hedge_fund_dies_a_gamestop/) +* [Keep in mind that if the market crashes, apes are not **causing** it - they are making sure this shit doesn't repeat itself in the future by exposing corruption](https://www.reddit.com/r/GME/comments/mgaowr/please_remember_if_the_market_crashes_when_these/) +* [DD from DFV from last year](https://www.reddit.com/r/GME/comments/mfysuz/reminder_this_is_all_the_dd_you_will_ever_need/) \- still relevant + +&amp;#x200B; + +**Mon 29 Mar** + +* [If there's one key takeaway from Dennis Kelleher's AMA - it's that you need to contact your representatives NOW. Here's how](https://medium.com/@BraveNewFilms.org/heres-how-to-contact-all-535-members-of-united-states-congress-call-email-tweet-20b8a1c54195) +* [Adjusted Beta -23.735: Now at -35.1](https://www.reddit.com/r/GME/comments/mfhszf/gme_adjusted_beta_23735_bloomberg_terminal/) + * [Understanding beta](https://www.reddit.com/r/GME/comments/mfjlt5/understanding_beta/) +* News: [A significant HF defaulted on margin calls made by Credit Suisse &amp; others](https://www.reddit.com/r/GME/comments/mfie48/breaking_credit_suisse_involved_in_the_latest/) +* News: [Another Hf about to go bust](https://www.reddit.com/r/GME/comments/mfdjca/another_levered_hf_about_to_go_bust_and_puke/) \- we will be seeing a lot of these 'new' names popping up now +* [Credit Suisse exits position with HF, warns of significant losses](https://www.reddit.com/r/wallstreetbets/comments/mfihd1/so_it_begins/) + * [Reuter's article](https://www.reuters.com/article/us-credit-suisse-warning-idUSKBN2BL0GT) +* [GME Timeline - part 2](https://www.reddit.com/r/GME/comments/mfd27m/gme_timeline_dd_part_deux/) +* [Speculative graph analysis &amp; predictions](https://www.reddit.com/r/GME/comments/mf8o82/ok_i_solved_your_game_can_i_be_rich_now_please/) +* [Overview of last week's events](https://www.reddit.com/r/GME/comments/mf3u54/whats_going_on_with_gme_lately_for_simple_minded/) + +&amp;#x200B; + +**27-28 Mar Weekend** + +*Updated again 17:50* + +* [Shorts in an unsustainable system to borrow to cover FTDs using HFT trading tactics deep read](https://www.reddit.com/r/GME/comments/mf1f6n/i_was_missing_a_key_piece_of_the_puzzel_this_is/) \- Missing key-piece +* [Retail investors hold much more shares thank you think when you consider option interest](https://www.reddit.com/r/GME/comments/mduj5t/dd_why_retail_is_holding_far_more_shares_than/) +* [Updated breakdown of GME 10k SEC Filing](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/) +* [BR Vanguard &amp; MG covered the block trades and are sitting on profits that can aid in destroying HF &amp; friends](https://www.reddit.com/r/GME/comments/mewwrp/i_think_it_was_blackrockvanguard_that_liquidated/) +* [GME regularly updates a page on their website with institutional ownership, currently shows &gt;100%](https://www.reddit.com/r/GME/comments/mevufb/ownership_summary_available_on_gamestops_website/) +* [Accidentally released docs show Goldman engaging in naked shorting](https://www.reddit.com/r/GME/comments/mexlpn/accidentally_released_and_incredibly_embarrassing/) +* [Board actions to expect](https://www.reddit.com/r/GME/comments/mf6xef/gme_board_actions_dividends_stock_splits_and_the/) \- split, dividends, catalysts +* [GME probability of bankruptcy virtually 0%](https://www.reddit.com/r/GME/comments/mf37dc/gamestop_probability_of_bankruptcy_dd_reposting/) +* [Expect GME board to catalyse the finishing blow](https://www.reddit.com/r/GME/comments/mf6brv/the_finishing_blow_the_end_of_the_shorts/) +* Calculation &amp; speculation: [When you take into consideration the naked-options, SI would be around 2000% of the float](https://www.reddit.com/r/GME/comments/mewkf8/thesis_si_is_upwards_of_2000_gme_is_a_100/), DTCC is aware and making preparations +* [FUD tactics and caution](https://www.reddit.com/r/GME/comments/mf1b97/beware_the_next_level_of_shilling/) +* [Archegos Cap's time to die](https://www.reddit.com/r/GME/comments/merwpe/buckle_up_we_just_saw_a_hedge_fund_die_this_week/) +* [Archegos cap, owned by a crook, got margin called](https://www.reddit.com/r/GME/comments/mesrdk/archegos_capital_is_a_hedge_fund_that_is/) +* [HFs getting margin called](https://www.reddit.com/r/GME/comments/mf5w2e/i_will_try_to_explain_why_hedge_funds_are_getting/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) +* [SEC new change restricts access to information that should be made public](https://www.reddit.com/r/GME/comments/merag9/and_you_thought_the_sec_has_been_silent/) +* [Price continues to be artificially deflated, OBV analysis indicates a 14% increase in buying pressure since Jan](https://www.reddit.com/r/GME/comments/mdyfpc/gmes_price_continues_to_be_artificially_deflated/) +* Speculation: [Citadel might 'own' S3 partners](https://www.reddit.com/r/GME/comments/me2xrj/the_s3_partners_ownership_rabbithole/), don't trust their data (they made a clear shift back in end of Jan) +* [About the Annual General Meeting and share recalls](https://www.reddit.com/r/GME/comments/me59wg/gme_annual_shareholder_meeting_agm_recalling_the/) +* [Citadel, Melvin &amp; SIG still in the game. Jane St Cap may be manipulating through OTC](https://www.reddit.com/r/GME/comments/me2z8t/melvin_still_carries_113000000_of_gme_puts/) +* [DTCC, NSCC, SEC closing in on short-sellers using SLD rules, can liquidate members](https://www.reddit.com/r/GME/comments/meh6s8/sec_end_game_ncss_occ_filings_for_rule_801/) +* [DTCC, money trickle &amp; insurance](https://www.reddit.com/r/GME/comments/meifir/for_the_newbies_on_this_page_trying_to_get_a/) +* [Whales &amp; Max Pain theory](https://www.reddit.com/r/GME/comments/mejp0k/the_concept_of_max_pain_and_why_this_is_probably/) +* [Elliot Wave analysis and speculation](https://www.reddit.com/r/GME/comments/mecpjv/if_you_want_to_know_where_gme_is_going_read_this/) +* [SEC Filings part 2](https://www.reddit.com/r/GME/comments/mecfwi/too_ape_didnt_read_sec_filings_part_two_fuck/) \- naked-option sellers are going to get fucked if they pose a high risk + +&amp;#x200B; + +**26 Mar** + +* [Dennis Kelleher AMA](https://www.reddit.com/r/GME/comments/mdt4vi/official_ama_with_dennis_kelleher_president_ceo/) \- full of incredible information +* [More proof that the $115B order is real!](https://www.reddit.com/r/GME/comments/mdnph0/more_proof_the_115_billion_buy_order_was_real_and/) HFs use a specific type of order to hide their activity but might be getting shown on TOS +* [Those XXXM share glitches may be showing HF positions when they make new moves](https://www.reddit.com/r/GME/comments/mdjohe/so_all_these_insane_volumes_that_have_been/) +* [The NSCC is updating its rules so that if a broker or member causes a large loss, it will incentivize the sharks to eat them to survive, and if not, will absolutely scalp every member for all they are worth](https://www.reddit.com/r/GME/comments/mdc40j/dtcc_recovery_and_wind_down_rw_procedure_dd/) +* [SEC making darkpools more transparent](https://www.reddit.com/r/GME/comments/mdhtsr/i_have_been_doing_some_sec_digging_on_purposed/) \- I don't trust SEC at all, but I believe political &amp; institutional pressure will result in some needed change +* [SEC Closed meeting notes](https://www.reddit.com/r/GME/comments/mdegxq/re_sec_closed_meeting_today_3252021/): someone is about to get put on the hook + * [Historically, closed-door meetings result in an increase in SEC enforcement](https://www.reddit.com/r/GME/comments/mdegxq/re_sec_closed_meeting_today_3252021/gs9s6oh) +* [Shorts have not covered yet](https://www.reddit.com/r/GME/comments/mc3tyi/did_the_shorts_cover_lets_investigate_with_some/) +* [Mark Cuban roasts CNBC live](https://www.reddit.com/r/GME/comments/mdbdmt/mark_cuban_roasts_cnbc_live_wallstreetbets/) +* [Customer Care stories: GameStop now sending tons of replies on twitter](https://www.reddit.com/r/GME/comments/mdcgfk/today_gamestop_has_sent_hundreds_of_replies_to/) \- expect much more care and changes in the customer care frontline. Remember how Cohen loves to stress the point about "delighting customers" +* [List of Twitter accounts to follow](https://www.reddit.com/r/GME/comments/mdhj3x/top_18_gme_twitter_accounts_to_follow_asap/) + +&amp;#x200B; + +# [Next Part: 24 - 25 March](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/gt1t85r) 🚀 + +*This is not financial advice.* +>!SIKE, YOU THOUGHT!< + +This thread will be unpinned in 10 minutes, The 5 top-level comments with the most and least votes at that time get flair mods choose based on their comment history. + +[GME Megathread](https://www.reddit.com/r/wallstreetbets/comments/lybuq0/gme_megathread_for_march_05_2021/) +The second flair thread has now expired, so it's time to open up another call for flair. + +> If you are interested in flair, please submit to this thread 3-5 comments you've made that demonstrate a breadth and depth of economic understanding. These can be comments made in r/economics, or other relevent subreddits (such as /r/asksocialscience , /r/academiceconomics , or r/econpapers). You should also submit a ~1 sentence primer on your economics background, so we can contextualize these comments. We'll discuss applications in modmail and will try our best to respond to all the applications. + +> Two important clarifications: + +> * We want you to demonstrate a background in economics. In other words, not business/political science/finance/sociology. If you have a background in those fields, that's great. We value your contributions to the subreddit. But we want flair to be specifically for people with a strong background in the subreddit's topic area. + + +> * Why we're not going to have a strict definition of acceptable credentials for the flair, we are setting the bar high (only 23 of our 223,659 subscribers have qualified). We are looking for people who are able to demonstrate a knowledge level that's somewhat equivalent to someone with a master's degree. That could mean a PhD student, a BA who has worked as a research analyst, or just someone who has made a heavy study of the field on their own. But we're not looking for someone who has watched a lot of youtube videos, or read all of Paul Krugman's blog. Again, we are not asking you to submit your credentials, but just state them in your application for context. Your comments should be able to demonstrate your claims. + + +I'll keep this as a sticky for a few days for visibility, and then it's back to your regularly scheduled programming. +I’m not a landlord but I think people need to realise that not all landlords are wealthy evil tyrants. + +My elderly parents have a rental property as their sole income. So if people stop paying rent they will have no income. + +No income doesn’t just mean no mortgage payments, it also means they can’t pay council rates, strata /body corporate fees, insurance, the extra water charges that tenants don’t have to pay, required repairs or maintenance etc. Plus they use this income for their own expenses like food and medical. + +Unemployed can get rental assistance from Centrelink, landlords and home owners/mortgage holders can’t get anything like that. + +It’s not black and white. So people can’t just simplify it by wanting the govt to stop rent = no mortgage payments. + +And those saying ‘just sell the investment’. It would take ages to get the sale money. And the new landlord will still have the same expenses. + +Talk to your landlord to try and come to an arrangement rather than just stopping paying rent. +http://www.marketwatch.com/story/tesla-no-longer-biggest-us-car-company-by-market-cap-as-stock-plunges-after-safety-distinction-eludes-model-s-2017-07-06 +In general, I'm pretty liberal, but when I researched median income, it started to bother me how we're complaining about minimum wage etc. Not because I don't think people deserve to live comfortably or without hunger, but because I can't reconcile how in other places people are able to make do with much less. I'm guessing our income distribution is much more skewed than other places, but median income being over 40k in the poorest state and median income being in the low 30s for the UK really made me question everything. I'm not even sure what my question exactly is. Maybe: what misconceptions does median income stats create? Or, how do people in other countries live off of $15/hour in a modern industrialized country? I know in Europe, they live in smaller apartments and that likely means rent/mortgage is much lower, but food in general is higher. Healthcare and education are much less, but their taxes are higher. Also, they have VAT and even luxury taxes in some places based on what you own. What am I missing? And sorry for the vague question. +This statement wasn't questioned by the podcast host but it surprised me so I'm looking for an explanation. I suppose it has to do with the price of housing and services in these middle income countries? +This is something that bugs the hell out of me, specially when discussing the topic with my roommate. He says that our current president (Evo Morales) cannot call himself a real socialist and instead insists that he made a capitalist state, now I'm not going to say that our economy was doing fine before Evo, but it hasn't improved much and we've grown much more dependant to natural resources. The same argument was used when refering to Alan Garcia in his first goverment in Peru where he left the economy in the gutter. + +So my question is: why are this cases not considered socialism? It seems to check all of the requirements. +In a finite world, assuming that every state acts rationally and optimally, can every state grow together economically under the current global economic system? Like can all states get rich together? Will there not be a state that will be left behind? +So it is generally accepted that [banks don't lend deposits](https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/programs/senior.fellows/2019-20%20fellows/BanksCannotLendOutReservesAug2013_%20(002).pdf) (document by S&P explaining that). Page 8 reads: + +> Banks don't lend out of deposits; nor do they lend out of reserves. They lend by creating deposits. + +Over here in Germany that insight is perhaps generally accepted among institutions like the Bundesbank (national bank) and ECB and very specific academic circles but in general literature that you get to see in school or in brief documentaries/reports on TV, in magazines and so the myth that banks would lend deposits still proliferates. + +The question why banks pay interest on deposits of their customers is usually answered with banks requiring money (of customers with deposits) to lend money to potential debitors. This is of course false. So why do banks _still_ pay interest on deposits? In the end customers that don't end up taking loans at the bank don't really net the bank anything. The bank provides a service not only for free but also pay the one that receives the service. Is it solely for the potential that the customer could take up a loan, i.e. customer retention or advertisement? +I am studying Economics and I want to learn the program(s) that are the most useful. I heard that the following are the top options: +C++ +Fortran +Java +Julia +Python +Matlab +Mathematica +R. + +I have some basic knowledge on Matlab, Mathematica, R and C++. I was wondering on which one should I get better and why? +Also, I am willing to earn a new language I am just wondering on which one/ones should I focus? + +Thanks +In general, I'm pretty liberal, but when I researched median income, it started to bother me how we're complaining about minimum wage etc. Not because I don't think people deserve to live comfortably or without hunger, but because I can't reconcile how in other places people are able to make do with much less. I'm guessing our income distribution is much more skewed than other places, but median income being over 40k in the poorest state and median income being in the low 30s for the UK really made me question everything. I'm not even sure what my question exactly is. Maybe: what misconceptions does median income stats create? Or, how do people in other countries live off of $15/hour in a modern industrialized country? I know in Europe, they live in smaller apartments and that likely means rent/mortgage is much lower, but food in general is higher. Healthcare and education are much less, but their taxes are higher. Also, they have VAT and even luxury taxes in some places based on what you own. What am I missing? And sorry for the vague question. +When you think about a LTV you don't think of John Maynard Keynes but recently I was reading the General Theory (Just for curiosity) and found what appears to be a LTV, the thing which I don't understand is why Keynes later on his life and later on the book basically ignored his "proposal" and why also this is ignored in Academia. + +>It is much preferable to speak of capital as having a yield over the course of its life in excess of its original cost, than as being productive. For the only reason why an asset offers a prospect of yielding during its life services having an aggregate value greater than its initial supply price is because it is scarce; and it is kept scarce because of the competition of the rate of interest on money. If capital becomes less scarce, the excess yield will diminish, without its having become less productive—at least in the physical sense. +> +>**I sympathise, therefore, with the pre-classical doctrine that everything is produced by labour,** aided by what used to be called art and is now called technique, by natural resources which are free or cost a rent according to their scarcity or abundance, **and by the results of past labour, embodied in assets, which also command a price according to their scarcity or abundance**. It is preferable to regard labour, including, of course, the personal services of the entrepreneur and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This partly explains why we have been able to take the 107 unit of labour as the sole physical unit which we require in our economic system, apart from units of money and of time. + +Could this count as a LTV? Keynes basically uses this to argue why is "preferable" to regard labour as the sole factor of production and doesn't talk more about it. (At difference for example of Marx who makes his theory of exploitation from it) + +Ps: If someone wants to read the context pages 106-107 [https://www.files.ethz.ch/isn/125515/1366\_KeynesTheoryofEmployment.pdf](https://www.files.ethz.ch/isn/125515/1366_KeynesTheoryofEmployment.pdf) +If the price of a share of stock is a function of its expected ROI and its perceived risk, then decreasing its ROI through capital gains should decrease its price, right? This could be bad because a lower market cap means less collateral to fund investment (can't sell as many low-interest bonds). + +I'm curious because I've always thought we should increase the capital gains tax but now I'm not so sure. +Imagine A and B are colluding to inflate GDP. A buys service x from B. B then buys service y from A. Here, imagine x and y are dummy services that don't actually amount to anything. This repeats, again and again and again, meaning that A's "income" is arbitrarily high, but his spending is just as high. The same would be true for B. +I'm curious about what /r/AskEconomics and economists in general think about the GOP tax reform plan. I understand that some of the policies in the bill are widely supported by economists, such as the elimination of the mortgage tax deduction and lowering of the corporate tax rate. However, what about the lowering of the top tax bracket or the analysis by the nonpartisan Tax Policy Center which found that the wealthy would receive the largest benefits? Overall, I'm curious to know about the effectiveness of this tax reform plan, especially considering it is projected to add to the budget deficit. Thanks! +I'm 25 currently working as a driver making 80-90k. I don't have a degree and feel like social outcast for not having one. I know someone successful who suggested me to go for a degree that will pay me 100k in 7 years and career growth but I'm gonna be studying and barely making 2k a month working part time for the next 6-7 years. I can save like 4k a month and invest it in a business with my current job but I'm double minded is I should do that or invest in my education. I would love to get some insight from this community! + I am 21 years old and just graduated from an engineering college 2 months ago. I had been interested in the stock markets from a very young age as I had seen my dad try his luck in the markets ever since I was a kid. I started doing my research on the markets while I was in college and then started trading during the corona-virus lock-down period. I've had my fair shares of wins and losses but I follow strict risk management so the losses stay in control. Now because of covid-19, the job markets have taken a huge hit right when I've graduated college so needless to say I'm currently unemployed but on the bright side I get time to trade full time. I know about the risks of the stock market and I do not expect to be a millionaire anytime soon. Currently I have enough funds to invest in the markets and let's say I have enough financial backing to not worry about putting food on the table and a place to stay. How long would it take for me to be profitable on a consistent basis realistically? Have any of you become a full time trader and if yes, please share your story. Thank you. (Please don't answer by asking me to quit trading saying it's impossible , trying to stay optimistic here :) ) +For me, that is General Mills. I bought it at a horrible time, it dropped a lot, and was my first lesson in investing. "don't invest in stocks you don't understand". + + Edit 1: There have been a decent amount of comments +saying "oh you don't understand cereal products, but understand the tech companies you own now". + +Well i knew what they sold, but "When i started out investing in General Mills. I had no knownledge about, earnings report, profit margins, solvency ratios and what motives a company got. + +If their motives are intern, external, proactive or reactive. + +In the end i learned from my failure and losses in the market, and have finally developed a strategy. + +Well i understood the company, oh ye they make cereal. But i didn't understand anything else regarding the business, which burned me in the end." +&#x200B; + +>Part 1. It was consumer sentiment that started the 'sneeze squeeze' last January - *not* hedge funds covering. +> +>Part 2: Short positions were *not closed*. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. +> +>Part 3. MOASS - The 'Squeeze has not been Squoze' + +# Part 1: It was consumer sentiment that started the 'Sneeze Squeeze' last January: + +[Link to the SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +**SEC GME REPORT: Shorts didn't cover:** **\[Full credit to (** [**u/WhatCanIMakeToday/**](https://www.reddit.com/user/WhatCanIMakeToday/) **for the charts and comments for this section\].** + +[The Shorts tried to cover starting Jan 22. But then the price kept going up as they did. This early short covering led to several \\"Oh Shit\\" moments. Ultimately, investors realized what was going on and piled in \(FOMO\). Notice the SHORTS BASICALLY STOPPED COVERING on Jan 27! They tried a couple more times Feb 2 and Feb 5. Both of those resulted in the price going up so they stopped. Look at the overall buy volume during those times. The pink short seller buy volume is puny compared to the overall blue color for overall buy volume.](https://preview.redd.it/ydlj5gjfywe81.png?width=960&format=png&auto=webp&s=bb53f9ffcca0fc136a6d2524b2e995f3cfd92f42) + +https://preview.redd.it/wjsn62rpywe81.png?width=1740&format=png&auto=webp&s=0f89007e9fa8ad680a01847bf2a80756555b1bf7 + +https://preview.redd.it/qj5wpwpzywe81.png?width=1770&format=png&auto=webp&s=dee55cee717d93d50e6387c2e13ff1babb81ad72 + +***This is why the SEC concluded that it was investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover"****.* + +# Estimating short positions closed Jan 19th to Feb 5th: + +A great post from [u/dubaicurious](https://www.reddit.com/user/dubaicurious/) estimating 29 million total shares covered during the period January 19th to February 5th. It is also important to note, and what many fail to remember, is that this number **needs to be offset against the new internalized short positions created** during this same time frame: + +[https://www.reddit.com/r/Superstonk/comments/qbgp98/i\_counted\_the\_pixels\_on\_figure\_6\_on\_the\_sec/](https://www.reddit.com/r/Superstonk/comments/qbgp98/i_counted_the_pixels_on_figure_6_on_the_sec/) + +# Internalized short positions: + +In a quote from this interview with Interactive Brokers' CEO Thomas Peterffy discussing the brokerages preventing buying but allowing selling of GME on January 28th (which exposed a systemic risk in our markets): + +"If the call options (150 million) had been exercised ***the shorts would have had to deliver 270 million shares***, while only 50 million shares existed." + +[https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +See other DD related to internalizing of shares in the DD library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +&#x200B; + +# Part 2: Short positions were not closed. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. + +**The options scam (derivative manipulation):** + +This is an excerpt from an article by Lucy Komisar, Investigative journalist and Winner of Gerald Loeb Award, the major US prize for financial journalism: How the GameStop Hustle Worked, June 22, 2021. + +Read the full article here: [https://prospect.org/power/how-the-gamestop-hustle-worked/](https://prospect.org/power/how-the-gamestop-hustle-worked/) + +*Excerpts addressing SI & FTDs:* + +Under SEC rules, shares of companies that fail to deliver in the previous five trading days are put on a “[threshold list](https://www.nyse.com/regulation/threshold-securities).” GameStop’s first date on this list was September 22, 2020. + +Shares failed in massive numbers in the following months, leading to GameStop being put on the threshold list for 39 days between December 8 and February 3, with hundreds of millions of shares failing to deliver. + +https://preview.redd.it/gn5d6n5kkye81.png?width=1050&format=png&auto=webp&s=9105bd5690684f73690e63d281291ce28e299680 + +How could GME be on the list for so long? Regulators have the authority to find out which brokers failed to deliver, facilitating naked shorts. But the DTCC has historically beaten back attempts to reveal naked short selling culprits, or even to tag “borrowed” shares (called the *hard borrow*) so they can’t be “located” more than once. I’ve written previously about how DTCC [pulled back](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) on backing a centralized database that would prevent the same shares from being used for multiple short sales. + +“There is no lawful way for a stock to be on the threshold list for months,” said John Welborn, who teaches economics at Dartmouth. “The only explanation is regulatory apathy, or worse.” Because compliant regulators choose not to track shorts, traders can engage in mischief. + +An obvious sign of market manipulation is massive *short interest*, the number of shares that have been sold short but not yet covered. + +u/rainforest11 of Superstonk explained that FINRA reported short interest at 226 percent of total float at the height of the GME frenzy in January. This means that more than twice as many shares as exist in reality had been sold short at one point. As late as January 28, it was reported by S3, a market data company, to be 122 percent. + +It’s important to note that only the SEC and the DTCC can get the trading documents that would show proof of any fraudulent scheme. But the Superstonk users, through publicly available data, detected patterns that make a strong case at least to investigate the matter. + +New put option contracts after the end of January represented more than 300 percent of shares outstanding, more than 200 million shares. “Melvin Capital, which lost 50 percent of its value, had 6 million shares in puts,” said u/broccaaa. This massive spike suggests that short positions have been hidden using “phantom shares” and “strategic fail-to-delivers.” + +https://preview.redd.it/k62xodmw3xe81.png?width=1050&format=png&auto=webp&s=5a32258e6a7e6c4435c1a6d82e3fafd3f57c8b63 + +As u/broccaaa says, “This spike coincides perfectly with the drop in reported short interest and FTDs.” He sees it as “the most damning evidence of massive manipulation.” + +The options scam can also reset the clock on fails to deliver. Remember that short sellers have two days to locate a stock to prevent an FTD; market makers and other authorized participants may have up to six days. The SEC [explained a trading strategy](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) known as “buy-write” in a 2013 paper. As [Investopedia explains](https://www.investopedia.com/terms/b/buy-write.asp), “A buy-write is an options trading strategy where an investor buys a security, usually a stock, with options available on it and simultaneously writes (sells) a call option on that security.” This recycling of positions shows as a new transaction, so the short sale timer is reset. And the trader may never deliver the shares, because he can roll over the trades and do the deal over and over. + +GME short positions could also be hidden in exchange-traded funds (ETFs), a basket of stocks similar to a mutual fund. u/broccaaa’s research shows that fails to deliver migrated from GME to ETFs in January 2021. The total value of reported short interest (GME + ETFs) remained as high as ever, at over $27 billion owed. + +# Ongoing manipulation: + +Subsequent to the above option manipulation having been identified by [u/broccaaa](https://www.reddit.com/u/broccaaa/), there is plenty of other DD posts that identify and support that ***a variety of derivative strategies - in conjunction with other illegal, unethical, unfair, deceptive, abusive, and anticompetitive business practices - continue to be used to manipulate $GME.*** + +[https://www.reddit.com/r/Superstonk/comments/s3n4pw/the\_compendium\_of\_wrinkles\_correlating\_different/](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +This is a great Fail to Deliver (FTD) post to read or revisit: [https://www.reddit.com/r/Superstonk/comments/qdp9c6/the\_everything\_fails\_to\_deliver\_dd\_part\_2\_lets/](https://www.reddit.com/r/Superstonk/comments/qdp9c6/the_everything_fails_to_deliver_dd_part_2_lets/) + +Estimating Retail Share Ownership: Excludes Institutional, Insider or other types of ownership). + +* [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) +* [https://www.reddit.com/r/Superstonk/comments/oxjv1n/google\_survey\_update\_gme\_ownership\_w\_aapl\_control/](https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/) + +Media manipulation: Ask yourself, why has the media been so intent on communicating the shorts have covered and that GameStop is a poor investment choice – for12 months straight!? Why are they so concerned to advertise and advise against this company? [https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/](https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/) + +Wall Street veteran Charles Gradante calls out naked shorting of GameStop and the subversive strategies used by hedge funds: (listen from 3 min 30 sec) [https://www.youtube.com/watch?v=OChaTm0To1U](https://www.youtube.com/watch?v=OChaTm0To1U) + +Reddit DD Library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +# Short Interest (SI) reporting is now calculated differently: + +**Also important to note is that the way Short Interest (SI) is calculated has been changed. Today's reported SI can now no longer exceed 100%:** + +Traditional formula = Shorts / float + +New S3 Formula = Shorts / (shorts+float) + +The S3 methodology ***assumes no naked shorting***,. The implication in their calculation is that every short share has located a borrow. They believe that simply because it's illegal, naked shorting cannot be happening. + +[https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) + +***Evidence of FINRA data now showing historical short interest as significantly higher now than was previously reported.*** **Chart credit to** u/DecentralizeCosmos\*\*:\*\* + +https://preview.redd.it/fuoi1pcn0xe81.png?width=640&format=png&auto=webp&s=c14125e6938bd9947717505ff568ee56fad68541 + +# Short Interest (SI) reporting: + +Regulation SHO is a set of rules that governs short sale practices.  Regulation SHO established “locate” and “close-out” requirements, which requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” + +A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +***Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs.*** *This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years.* + +Market Makers (MM) like Citadel have to accept all buys and sells, and get a pass on many naked short selling rules. However, they have also been cited for misreporting short positions. For example, on November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. + +It is important to note that the FINRA fines are generally extremely nominal relative to the profit made by these ‘reporting oversights’; and many refer to these nominal fines as just ‘The Cost of Doing Business’. Retail investors are advocating for change to the fines to make them more of a deterrence and would like to see the fines administered equal to, at a minimum, the profit made from these behaviours. Additional fines and the threat of jail time or revocation of the ability to legally short sell would provide an even greater deterrent. + +&#x200B; + +# Part 3. MOASS - The 'Squeeze has not been Squoze' + +[ ](https://preview.redd.it/kte8htg5gxe81.png?width=750&format=png&auto=webp&s=f286a13993251b69dfdb1df1c5e4140c6e50c2ea) + +GameStop has approximately 76 million shares issued, yet had approximately 220% of it’s tradeable float outstanding in January 2021 (FINRA short interest as declared in Robinhood court documents). The rule of thumb is that short interest as a percentage of float above 10% is pretty high and above 20% is extremely high. High short interest like this affirms that counterfeit shares have been created and exist illegally. DD supports that the short interest has has been manipulated and hidden through derivative strategies such as options, swaps, and futures; and that the true short interest could now realistically be sitting higher than 300%. + +Since the ‘Sneeze Squeeze’, Gamestop has attracted [hundreds of talented executives](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) from thriving tech companies like Chewie and Amazon, they now have a balance sheet of around $1.4 billion in cash with virtually no debt, and a new technology focused board of directors. GameStop has undergone a radical strategic transformation, expanding their business model to compete and thrive in an era of mobile gaming and digital downloads, and have been busy reinventing themselves as a major ecommerce player. They already have the footprint of 4,816 stores in 14 countries, and over 55 million PowerUp reward members. As GameStop moves forward with its ecommerce and NFT marketplace, the longer-term potential for this company could rival market giants like Amazon, Apple, and Meta (Facebook, Instagram etc). + +GameStop’s business’ fundamentals have improved dramatically and the current price of $GME is demonstrably manipulated and significantly undervalued. \[This is a [*current intrinsic value analysis*](https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal). Note: There are several methods for valuing a company, and analyst values will vary.\] Simply put - the price of $GME is wrong - and will continue to be wrong until the manipulation of the stock is eradicated and the short positions are *closed* \- not just *covered*. As short positions are forced to buy and close out their positions at the market 'ask' price, and in the event that retail owns the float and investors hold out on the sale of their shares we could have not just a ‘Short Squeeze' - but the 'Mother of all Short Squeezes' (MOASS). + +&#x200B; + + Opinions and illustrations only. Not advice. Always conduct your own DD and make an informed decision that is right for you. + +DISCLAIMER \*:\* Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein.\*\* + +&#x200B; + +*Edit: Removed intro. Note: This post was brought about by the following post. I believed the answer deserved its own post with graphic support:* [*https://www.reddit.com/r/Superstonk/comments/sgah3v/can\_anyone\_counter\_the\_counterdd/*](https://www.reddit.com/r/Superstonk/comments/sgah3v/can_anyone_counter_the_counterdd/)*\]*[*https://www.reddit.com/r/Superstonk/comments/sgah3v/can\_anyone\_counter\_the\_counterdd/*](https://www.reddit.com/r/Superstonk/comments/sgah3v/can_anyone_counter_the_counterdd/)*\]* + +*Edit 2: Added Estimating retail share link plus Short Interest (SI) is self reported section.* + +*Edit 3: Jan 31st Amended Short Interest (SI) reported title, added internalized short positions, media manipulation, and Charles Gradante content on gme and hedge fund manipulation along with some other minor updates. Reposted this in it's entirety for those who missed this original post and for exposure to the updates.* + +Edit 4: Extra content: **Estimating Retail Share Ownership:** (Excludes Institutional, Insider or other types of ownership): + +* [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) +* [https://www.reddit.com/r/Superstonk/comments/t78n39/fresh\_google\_consumer\_surveying\_suggests\_830mm/](https://www.reddit.com/r/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/) + +&#x200B; +So, Evergrande is a big story right now, and there's a bunch of speculation, both informed and not about it running rampant. As someone with a bit of experience with how Chinese businesses run, I figured I'd share that with the group. (my MBA is in International Business, with an emphasis on China, and I did a fair bit of it at Tsinghua University in Beijing, whether that means I know what I'm talking about is up to you to decide) + +This is flared "OPINION" because this is mostly background knowledge I already have mixed with research I've been doing into the Chinese market for the last few months, it's not at a level I'd be comfortable labeling "DD" + +TL;DR China's going to do some sort of Evergrande bailout, but because they have radically different incentives that western politicians it's going to look very very different, and hedgies r extra fuk. + +Ok, so first, let's talk about the $300B in debt Evergrande has by comparing it to Lehman Brothers, not really a fair comparison for a lot of reasons, but it's something on everyone's minds, so let's begin there. When Lehman collapsed in 2008, they had $619B in liabilities (debt) which is more than twice what Evergrande has. So that means this is way less of a big deal, right? Wrong. Lehman also had $639B in assets (money) which means even though they went bust, they were still slightly net positive at the time. + +Evergrande.. is NOT net positive. And they've got a lot more than just $300B in debt. $300B is just their outstanding bonds. Some of that debt is unknowable because it's hidden in China's shadow banking system and state banks, or it's owed "off the books" to employee's and their families. There's also a whole pile of debt owed to suppliers and subcontractors, which we also don't have numbers for right now. Finally, since you really, really, really can't trust official numbers about anything in China, the problem is likely worse that what they're telling us, and again, this is an unknowable unknown. + +But there's another component to that debt that we do have a number for, and that's 1.6 million apartments. See, real estate in China doesn't work remotely like real estate in the USA does. For one thing, state benefits are based off of where you officially live, so an address in a big city is valuable as a lot more than just a place to sleep. (this is also why there are huge tenement slums outside of all the big cities despite the building boom, without permission to move or an address, rural workers basically have to camp out and lack access to all state benefits, like health care) For a second thing, if you're buying property in China, there's not "zero down and a teaser APR", there's not even "20% down and a mortgage", it ranges between "50% down and full price in cash", no loan. That upfront money paid is going to be super important later, so keep it in the back of your head while I go through this next part. + +Now we need to talk about how Evergrande financed and ran it's massive expansion over the last couple of years. First, they would buy up land well above market price, finance it with debt offerings, then take deposits from potential buyers and start building apartments, and sell the remaining debt in bonds, sort of similar to how the USA did with MBS and related securities from "The Big Short". Well, the thing is, the numbers never actually added up completely, and the whole thing was always sustained by using revenue from pre-selling the next project to pay for the current one. Unfortunately this also didn't quite add up after the executives skimmed their cut, so it then turned into using revenue from the next project to pay for the debt on the project one or two buildings previous. This kept escalating every time things cycled through until it all fell apart like a bunch of Jenga blocks. + +If that process sounds familiar, it's because it's the same scam Bernie Madoff ran for years - a Ponzi scheme, where the new money pays for the "profits" of the earlier investors and it only works as long as exponentially more new money is coming in all the time. When that inflow stops, or even slows, you get the bad kind of boom. A few years ago the CCP got alarmed about the amount of leverage (debt) and speculation in the domestic housing market and tried to bleed it out slowly with the "one person one house" policy. Unfortunately for them, the problem was already so bad that even slowing down the inflow of new money was going to detonate things. And that's what's happening now to Evergrande, which will be the first of many to fall like this. + +Ok, so now you're caught up on what's happening and why, here's why things have escalated so quickly that executives are being taken hostage. Remember when I said to pay attention to where the upfront money for the new projects came from? Yeah, unlike in the US where people lost some rent, a place to live, and maybe some equity or a down payment, in China, it's people losing the entire purchase price of the building. And not big bankers, it's individuals losing their, and often their extended families' entire life savings. Because they spent it all for an apartment that hasn't been built yet with a company that's currently being liquidated. + +And that's the second debt that needs to be paid here, not just the money and bond parts, which is all the western media understands or cares about, but the apartments and better lives and opportunities that these people and their families dumped their generations of savings into. 1.6 million apartments. And that's just from Evergrande. It's been less than a week and they're already taking executive's hostage. Next up the chain is Party officials, and that's when the tanks come out and things start getting really bad. + +So, moving on, that's why Xi's response to this is going to be so different that what everyone here in the West is used to with financial crises. Because the main, or at least most reliable, motivation for basically all politicians is to gain and stay in power. In the West, that means keeping rich donors happy, which means screwing over the little guy, printing money, and preserving the wealth of the wealthy and the integrity of the international finance system and banks. In China, that means keeping society stable and prosperous enough not to have revolution in the streets. + +So any focus or potential bailout that the CCP initiates isn't going to focus on international institutions or banks or bondholders debt, it's going to focus on the apartments debt. The debt to the tens of millions of Chinese citizens who got taken by Evergrande, and possibly hundreds of millions who got wiped out on unbuilt buildings by the time this is all over. + +Another key thing to remember here is what happens to countries with debt to other countries experiencing a financial crisis that aren't the USA. A prime example is what Germany did to Greece after the 2008 crash. Things in Greece got so bad that unemployment was well north of 25% and people were starving to death. The people elected what were effectively communist, then fascist governments back to back in an effort to find a way out - that's how bad it got. + +Now think about the fact that China, through its "Belt and Road" initiative has been lending out money all over Asia, Africa, and Eastern Europe. All of those countries, who took on debt to China to get infrastructure work done by Chinese construction companies, and had been enjoying having that debt laid off in exchange for political influence.. they're about to get some very harsh lessons in which people the Chinese government values more than them. + +Finally, no, China can't "call on US debt" because they have to keep buying treasuries to keep their currency cheap, if they stop, or worse, start selling, then the Yuan quickly appreciates to the point that their exports aren't competitive anymore and their entire economy collapses. + +Also, save some prayers for Western Australia, their mining industry just got obliterated by the new lack of Chinese demand. +I think I found that group randomly on Instagram where they have just a couple of followers but when I checked their Telegram, I was quite shocked to see 150k members there. As I try to experience all the possible things you can do in the crypto space, I naturally joined to see how that process work. Here is a short summary of the annoying journey. + +&#x200B; + +**When?** + +The group doesn't allow any comments besides their own announcements. These announcements have a very simple order. They tell you when will the next pump happen and then they send several reminders as you're getting closer to the pump day. I think that they do these pumps around 2-3 times per week or something like every three days. + +&#x200B; + +**How?** + +There is a set time for when the pump starts. On the exact time and day it was planned, the announcement will display a simple message that just states the specific token's symbol. That seems to always happen at 6pm UK time and at the very second this happens, the price skyrockets. That only lasts for about a minute. For another minute the price hovers around the same high price and then it starts to drop hard basically to the pre-pump price. The owners of the group state something like that they "hold the pump for two minutes to attract outside investors", but I think that's just a clever statement how to screw over a lot of people. I will come back to this in the conclusion below. + +&#x200B; + +**Where?** + +So all of this happens at Hotbit exchange which I've never used before and it just look so bad. I'm sure there is a very good (shady) reason why the pump group uses this exchange but I don't know the details so feel free to expand on this! + +&#x200B; + +**My own experience** + +I prepared around 28 USDT and sent it to Hotbit (I did that by swapping it around with XLM to save on gas fees). I had the Exchange tab at Hotbit ready and Telegram opened on my phone, waiting for the "signal". As soon as the token symbol was revealed, I typed it to the search tab and tried to swap all my USDT as the price was immediately climbing high too fast. The price per token before the pump was $0.0038. My trade went through 19 seconds after the pump started when the price already grew 1000% to $0.039! I didn't really know what to do because the interface of Hotbit is so bad but I knew if I will hold longer than another few seconds, I will be screwed. I quickly sold everything at $0.051 (highest point of the pump was $0.06) making around $10 profit. + +&#x200B; + +**Conclusion** + +Sounds good? Actually not at all! It only took few seconds for the price to reach the top which means if your trade goes through just a little bit late, you will buy at the top and watch your money lose 10x of its value in the next minute. Obviously there must be a shit ton of people who already know which coin will be pumped and all the small flies like me only help them to pump it more. I think that the statement about "attracting outside investors" is just bs because the price wouldn't drop back to the original value if there were more people outside of the group buying. + +If you want to play around and risk with your money, this is a fun thing to try out but remember you can easily end up with $100 worth of shitcoin after putting in $1000. You will definitely never be able to buy fast enough to get those 1100% profits so don't let that blind you. I was super lucky and got out with like 30% profit? I'm sure that's just because I put in a small amount of USDT. Was that like 10k USDT, the trade might have been executed at the top and I would turn into a clown 🤡 + +&#x200B; + +Thank you and if there is any total shit out there that you want me to try out with my, now $38, I will be more than happy to try it out so you don't have to! +When RC sold his BBBY stake, Dennis Kelleher immediately accused him of orchestrating a pump and dump, called for the SEC to investigate him and claimed he should testify under oath. + + +[https://twitter.com/DennisKelleher/status/1560648797381767169?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet](https://twitter.com/DennisKelleher/status/1560648797381767169?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet) + + +Well, fast forward to August 25th and guess who Better Markets is bringing on as Senior Fellow? One of the slimiest pieces of crap at JP Morgan Chase: + + +[https://twitter.com/DennisKelleher/status/1562839444574445573](https://twitter.com/DennisKelleher/status/1562839444574445573) + + +I still see some positive sentiment on Dennis and Better Markets, so I just wanted to remind everyone whose team they're truly on. I know we've had Dennis in some AMAs previously and I used to be on his side myself, but just remember: he's a member of the club and we aren't. +I'm quite confused by the market reaction to the Fed meeting today. Definitely not an economist, so hoping someone smarter than me can help explain it. + +We all expected the Fed to raise rates sometime in 2024. In yesterday's Fed meeting, the median dot plot projected them increasing it twice in 2023 instead. Furthermore, they increased inflation expectations. Aren't higher projected inflation expectations and higher interest rates coming a year earlier both bad for tech stocks? Why are they rallying instead, with cyclicals/reopening stocks tanking? +(throwaway account) + + +My mum, who is married, has approx. £300k from inheritance. + +She wants to add my name to her bank account 'in case anything happens to her'. + +If she was to die, she'd want me and my two siblings to share the money equally. For reasons I won't go in to, she doesn't want her husband to get anything. + +I suggested this doesn't feel like the right way of doing things. Surely the right thing to do is get a will in place rather than adding me to the bank account? + +I understand this might be a legal question for the most part, but the reason I'm posting in UKPersonalFinance is because I want to know if there are any unforeseen risks of being put on someone else's bank account? + +Could it affect my credit risk and ability to get a mortgage in the future? +I just started my 1st funded evaluation phase for MFF. I think my 2-3 year knowledge and grown skills can help me surpass this evaluation. What are your thoughts on this path I’ve just entered? I want to know your insights when you had your 1st evaluation and how did it go. Negative and positive feedbacks would be appreciated. I just want to know what to expect +I have an aggressive scale in/out strategy that results in many trades per year. I'd like to go live later this year, but is it true for tax reporting purposes, each trade needs to be documented? Or is it possible to group it all on single tax line and attach a metatrader account history export? + +What is your strategy? +Hello, i plan to stick with a broker for a long time, from demo to live account later on. Any review or experience regarding spread, deposit/withdrawal process, etc, for these brokers are greatly appreciated. + +I current live in the US for the next 5 years, but i am not US citizen or PR (if this helps since I know US residents don't have much choice regarding brokers). +This site sucks in so much of my time, it's become almost an automatic habit. I literally caught myself checking Reddit at a stoplight the other day. I love (and will forever be grateful to) this community, but after the MOASS I'll finally have the means to chase my dreams. My time will become infinitely more valuable than it is right now. So I won't let myself waste anymore of it reading memes. It's time to grow up and get shit done! + +Just wanted to share. Mods feel free to delete. Diamond hands mother fuckers! +Title \^ + +I have a hard time selling sometimes because I noticed that sometimes I sell and it goes back up. Any clear signals you guys know of for reversal? + +&#x200B; + +I completely understand that this isn't a get rich quick scheme and am dedicated to devoting time to learning. I actually have not had a job before and am looking to get one for a stable source. Got any tips for a job to get with short hours since I want to devote a lot of time to learning(I'm fine with low pay, preferably 15$+/hr). I am currently looking at Indeed. + +&#x200B; + +If you have any books(not too long preferably) or videos(I'm a video learner, learn a ton from watching lol) that help improve, let me know! All help is appreciated! + +&#x200B; + +P.S. + +I currently have these on my "channels to watch list": + +* The Boiler Room +* Humbled Trader +* ZipTrader +* Zed Monopoly + +If you have experience with any of these, feel free to let me know! Serious posts only, please! + +&#x200B; + +Hey, so I see a lot of posts about risk management and I know that I should be doing so and am trying to get better at it. Tips in that area would help as well! +hello, i just had my first week at this new job, and i feel like this is crunch time in terms of beginning to save for my future. i have an RRSP but it has minimal contributions, i’ve been pretty lucky in terms of employment, but have yet to really save a decent amount as bad as that is. basically i was wondering, what would you tell your 23 year old self that would be helpful in regards to this. what, in your opinion, is the most important first step? i have an appointment with a financial advisor where they will hopefully outline my best options and whatnot, but it is in 2 weeks, but im too excited and want to know more or less what to expect so i can be more prepared. thanks in advance! +I wanted [a check-up](https://www.reddit.com/r/financialindependence/comments/9l2r7p/am_i_being_too_conservative_while_i_save_up_for_a/) to be sure that I am being pragmatic with the resources and time that I have before I reach the stage where I need to seriously consider buying a house. + +If I had to make a timeframe estimate, I would guess that within the next 5-7 years, I expect that I'll need to purchase a home. + +I am 29, living in the NYC area. I have no debts or obligations, and I still live at home and commute to the city every day for work. Unless I change careers, this is where my job will always be. Even if I did change my line of work, I would imagine that I could find my next opportunity here. Around this area, I would think that homes I would be interested in would sell for $600k-$700k. + +My income is around $100k at my primary job. I work a second job for part of the year that earns me about $10k. + +My girlfriend has been working her way out of credit card and student loan debt. As she has no savings of her own, should we stay together, the burden of purchasing a house would fall primarily on me. + +**Cash:** + +I have about $75k in cash. About $50k is in checking accounts earning 3% APY. A large percentage is working for me pursuing bank account sign up bonuses. + +**Retirement:** + +I max out my Roth IRA, HSA, and 401k. I have an 80/20 ratio invested in Total Domestic Index Funds and International Index Funds. My 401k has about $110k, my HSA has $17k, and my Roth IRA has $34k. It would be a last resort, but I picked a Roth IRA because of the ability to pull up to $10k in gains penalty free for the purchase of my first home. + +**Taxable Investments:** + +**Holding** | **Amount** +---|--- +[SWTSX](https://www.schwabfunds.com/public/csim/home/products/mutual_funds/summary.html?symbol=SWTSX) | $85k +[VTIAX](https://investor.vanguard.com/mutual-funds/profile/vtiax) | $25k +[VBILX](https://investor.vanguard.com/mutual-funds/profile/vbilx) | $10k +Misc. Stocks | $90k + + +I've had informal discussions with my parents about buying their house. They have 3-4 years left working before they retire. The house would probably go for around $650k in a good market. Our taxes were $15k last year. The house is in pretty good condition. I'm sure in the next 30 years it would need some work, but there's nothing major in terms of repairs or renovations that need to be done. I like the lake community we live in, and several other logistic features which I believe to be unique to our geographic location and house price range. + +**Questions:** + +1. Am I being too conservative with that much money in cash? Or am I being too risky leaving that much money in equities? + +2. Are my current holdings appropriate for my age range and goals? + +3. Am I being too aggressive by maxing out my retirement now or should I dial back my 401k to focus on increasing my cash? +Shares of Herbalife Ltd., Nu Skin Enterprises Inc. and USANA Health Sciences Inc. tumbled on Monday over concerns that Chinese regulators will crack down on the companies’ marketing practices. + +The rout followed a statement posted on China’s State Administration for Industry & Commerce website announcing a three-month campaign to police pyramid schemes. Though the agency didn’t name the companies, Herbalife and other so-called multilevel-marketing businesses have faced allegations that they use a pyramid sales model. Herbalife settled a case with the Federal Trade Commission last year that reined in its practices in the U.S. + +https://www.bloomberg.com/news/articles/2017-08-14/herbalife-nu-skin-shares-plunge-over-fears-of-chinese-crackdown +Hello, + +I created [a post on Feb 8th, highlighting the reasons](https://www.reddit.com/r/pennystocks/comments/lf855m/high_tide_hiti_discussions_for_week_of_feb_8th/) I opted to increase my position on High Tide. + +This is a follow up to that post and what has changed ever since in the market for High Tide. + +Before we go on, **this is not a financial advice and in no way or form I am instructing you to buy this stock**. These are just my personal opinions. Do your own DD. + +Tickers: **$HITI** on Toronto, **$HITIF** OTC (Not on Robinhood), **$2LY** Frankfurt. + +They are all the same, one company, different markets, their difference in prices is closely related to currency differences. + +Events of past two weeks: + +* **Raj Grover (CEO of High Tide)** joined Twitter +* **High Tide had two jumps**, one to $1.13 CAD then a pull back to 1.00. Then there was a lot of movement side-ways around 0.95 for a week till then we had a drop to 0.75 which caused a circuit breaker and follow up by a halt on $HITI. This was a good thing, because then we had a jump back to 0.95. Some made money during that day, some lost money, that is why I am always against day trading and having a sell limit in place for penny stock that have a lot of movement **but have strong fundamentals**. +* This is very important, because **I personally believe $HITI is a strong investment long term**, it is a solid retail company, not weed grower, with a strong presence, and positives all over their papers. The management is quite amazing as well, and their 22% shares held by insiders is something of a value itself. +* Their earnings was also announced for March 1st (after market closes) which is a Monday next week + +>For the fiscal fourth quarter of 2020 the Company expects to report revenue that is ahead of the range of analysts' estimates of $**23.3 million** and $**24.2 million**, and gross margin percentage consistent with the percentage realized during the first nine months of the fiscal year. For the full year ended October 31, 2020 the Company expects to report revenue that is ahead of the range of analysts' estimates of $**79.7 million** and $**80.6 million**. + +* There has been a **continuous decline push on the ticker and it has slowly reached 0.70 CAD** as of today. Since I believe in this companies strong future and believe this to be a solid investment, I believe this was due to short sellers targeting High Tide and the fact that the price of earnings was already factored into the initial increase. And of course some treat penny stocks as pump & dumps for a short term gain. +* **On Friday Barchart stated in their opinion $HITI is 100% BUY.** + +https://preview.redd.it/xg3iehmef0j61.png?width=1758&format=png&auto=webp&s=3b457cbf3b383a976fe5129fe24be66e573337eb + +Now I am not here to give you some wild number solely based on hype, we are to be realistic here. **Looking at this as a long term investment, there is room to grow for sure, but EOY estimate is very hard right now because there are a lot of factors that could influence the price.** + +For example in order to get their NASDAQ listing, the company probably needs a reverse-split, which is a good reason to do a reverse-split, but you never know with these things. On the other hand their listing on NASDAQ could be a great catalyst as mentioned previously, especially since it will be available to a lot more retail investors down the boarder. Then there is the whole Biden legislation situation that could benefit us in the long run, short term? A lot of competition down south in a not so familiar market. + +**One thing is clear for sure in my mind though, I am going to be looking at a number far higher than 1.13 CAD by EOY.** + +For this reason alone, I never sold a share even at the high of 1.13 CAD and have been buying more shares whenever I got the chance on the downs. + +At the end I just like to point out that **I am further increasing my position today** when the market opens. + +One again, not financial advice, my personal opinion, entertainment purposes only, looking for a discussion, do your own DD. +Been trying to make sense of tax-harvesting to grab the 1-lakh LTCG tax break on my equity investments. And then I came across with this [piece of advise](https://www.valueresearchonline.com/stories/47647/does-tax-harvesting-make-a-difference/) from VR. It says: + +Not enough tax break... + +> regardless of the amount invested and the growth in investment value, the savings with tax-harvesting would always be restricted. In any given year, the maximum tax that one can save is limited to 10 per cent (the LTCG tax rate) of Rs 1,00,000 (the exempt limit from the LTCG tax), i.e., Rs 10,000. Effectively, the total gains would be limited to this value multiplied by the total duration of your investment. + +The problem of having huge amount in your bank account to facilitate it + +> To maintain continuity of investments, you will need to reinvest in equity funds as soon as you redeem the older units for tax-harvesting. This will require you to maintain a fat balance in your bank account in order to make the buy transaction. After all, the redemption proceeds from the selling of units will be credited to your bank account only on the third day after the transaction. + +Conclusion + +> For a small investor with humble contributions as the one in our example, the extra earning is just about 3.17 per cent of the total accumulation, that too over a significantly long period. For a bigger investor, the savings will be even smaller, rendering the whole affair pointless. + +I tend to agree with this analysis. what's this sub's take on tax-harvesting? +Assume that I am a long-term investor and hold 100 shares of TCS bought at 3000. + +Now, to earn extra money, I sell call options for a premium (say x) of TCS at a 3300 strike price expiring in 30 days. In this scenario, we have 3 options: + +1) TCS does not reach 3300 and options expires and I get to keep the premium. + +2) TCS reaches 3300 and I need to sell my shares. I have 300 profit per share and also get to keep the premium. + +3) TCS crashes below 3000 and I have unrealized loss but that is ok since the fundamentals of the company and strong and I am a long-term investor. + +&#x200B; + +What am I missing here? + +Also, is it possible to do it in Zerodha? +I've done some research and I've got you 👉😎👉 + +1. Use Trezor. The ledger is made of metal and can be detected by metal detectors. The trezor also has larger volume 😳 + + +2. Put 2 Trezors in your prison pocket. The one with dogecoin in it on the outside. So if they ever do catch you, They just going to take the doge one. + + +3. Put some devil's lettuce in there too, Just to throw off the stench. + + +4. Walk with confidence. The TSA are really just there for show, So just walk like you don't have 2 crypto wallets and some weed inside your meat wallet and you'll be fine 🙂 +It still doesn’t feel real. I’ll break $40,000/year for the first time in my life. Shorter commute, M-F schedule for the first time in 4 years, and I’m out at 4:30 every day. The interviewer said that most people either didn’t show up or were vastly under qualified. Now is the time to put yourself out there. + +I was doing okay and chipping away at debt before inflation kicked in. I’d been grinding in my job because I wanted to get promoted for a raise and to have a schedule that isn’t so difficult with kids. A click and an hour long discussion and I’m where I planned on being in a year. +OK, so I have been tracking the Support and Resistance charts for about a week or two now when yesterday morning my wife checked it before I did and pointed out something weird about the chart. Initially, she pointed out the obvious as you can see here at to how the Support Line, Close Line, and Resistance line all three meet, but as I looked closer I noticed a weird anomaly on both sides of the chart. + +[GME](https://preview.redd.it/u9g2hb4t1ns61.jpg?width=2560&format=pjpg&auto=webp&s=dd3d1ebea2f6344643f6a0bfd1acdaf94b791b63) + +Notice anything Weird? If you look at the 52 Week High to the right it is listed as $483.00, however if you look at the high point on the resistance line on the chart it is listed at $42,805.710 and is listed at +1,255,199.40% all of which I have circled in Green. As you clearly can see, the 52 week high does not match up with the high point on the resistance line, until yesterday (Saturday 10 April 2021) this number has matched the high point of the resistance line. + +So after noticing this, I decided to dive a little deeper into other stocks and compared them. This caption is taken at the same time from AT&T which was a stock that I could think of that was not manipulated as GME or some others and here was my findings: + +[AT&T](https://preview.redd.it/t0voyfuv1ns61.jpg?width=2560&format=pjpg&auto=webp&s=1ed137d76fec8e9fbae08013367390863c0538bf) + +As you can see the 52 Week High of $33.24 matches the Resistance high point of the chart with a +13.08%. So here is a non or not so manipulated stock, you can see both the 52 Week Highs and Lows match up with each other. So to validate, I double check with another stock I felt was not manipulated Verizon and had the same findings: + +[Verizon](https://preview.redd.it/ei65rrmz1ns61.jpg?width=2560&format=pjpg&auto=webp&s=0f973ba95bdd2b8feadc678f41a3f8c2799f128b) + +Again, here you can see that the 52 Week High of $61.95 matches the high point of the Resistance line and is at +8.02%. And again you can see that both the 52 Week High and Low matches up. So, in my quest I decided to check another stock that I felt was manipulated "AMC" and see what it looked like and behold, more discrepancies. Now this one is no where near as manipulated and GME but here is what I found: + +[AMC](https://preview.redd.it/je1b0mc22ns61.jpg?width=2560&format=pjpg&auto=webp&s=6b9d5023ebd1f4e2bfcdaadcda6e5e185f2683af) + +If you look at the 52 Week High here you can see that it sits at $20.36, but again if you look at the High point of the Resistance Line on the chart it comes in at $145.788 and at +4,317.82% all in the green circles. Again, one can see where the numbers are not matching up. + +So now comes my point, as anyone can see, there is nothing as heavily manipulated as GME, and I cannot for the life of me figure out how in the world that this stonk hit $42,805.710 at +1,255,199.40%. From what I can gather, the High Point of the Resistance Line should match the 52 Week High and the Low point of the Support Line should match the 52 Week Low. But now as you all can see with GME it does not now as of Yesterday (Saturday 10 April 2021). If there is anyone who can finish putting the pieces of the puzzle together, point me in the right direction, or show me where I am looking at this wright or wrong this would be appreciated because at this point this chart is showing me that GME has at one point already hit or is currently (Hidden) at $42,805.710 which I know is not true. Also maybe some Apes with some more wrinkles than me such as u/rensole , u/WardenElite , u/HeyItsPixeL , or u/atobitt can take take a look at this and make some more sense out of this than me. Either way, this is not adding up to me. + +Edit: Thank you all so much for all the awards, but please save your money and buy some more of those sweet GME Tendies. Also, I am working on installing the Sinkorswim app so that I can possibly get some more verification on this. + +Also many people have been asking what app I am using, the pics are from WeBull Level 2. + +Edit 2: Screenshot taken from Wednesday 7 April 2021 added to show difference in data between now and a few days ago. Note how the 52 Week High of $483.00 is much closer than the Resistance High point of or about $347.510 @ +12,311.07%: + +[GME 7 Apr 2021](https://preview.redd.it/sr5pcgm52ns61.jpg?width=1440&format=pjpg&auto=webp&s=b37ae0043a0befd12a13ebc64e990ca1a6bbd757) +The Wharton graduate, who “sparked Philly’s Indian explosion” with his Tiffin concept, has filed a class-action lawsuit in Philadelphia’s federal court against Grubhub, alleging that the company may have bilked its many restaurant customers out of more than $5 million in what Narula calls a “scheme” involving “sham telephone orders.” + +link .- https://www.phillymag.com/news/2019/01/04/grubhub-lawsuit-tiffin-indian-restaurant/?amp=1 +What are your thoughts? This stock continues to rally despite the market dips we've seen recently, and after this huge earnings it looks like theres more momentum. We saw a huge sell off before earnings and it quickly bounced back after the unexpected huge beat. Ticker symbol $MP. + +[https://www.nasdaq.com/articles/mp-materials-quarterly-profit-jumps-on-rising-rare-earths-prices-2021-03-18](https://www.nasdaq.com/articles/mp-materials-quarterly-profit-jumps-on-rising-rare-earths-prices-2021-03-18) +Seriously, MOASS has been around the corner for a while, and is now closer than ever. + +Many of us will have riches that we have never even dreamt of, and as everyone in their right mind knows: Money corrupts people. +In fact, many of those we‘re fighting probably started out as good people. Does that justify anything? Definitely not. But do you know for sure, that you won’t go down the same path? + +How about that: + +1. Don’t see it all as yours. Take what you need to fulfill your dreams, but try being philanthropic and actually contributing to a better world with the rest. + +2. Stick to your values, but be ready to revise them according to where your heart leads you. + +3. Be yourself, like, actually. An infinity pool doesn’t make you Kanye. Chill out. Just be the ape you are, and do the stuff you didn’t think was possible. + +PS: Most of our perceived differences were suggested to us by some very rich and powerful people, over the course of centuries, and chances are you‘re better than them. +Last night I was checking out my remaining student loan balances and noticed that for some reason my autopayment for the month of March was changed from the normal amount ~$500 to the minimum of ~$50 + +I called up and they fixed it immediately, and sent the issue to their software department, but if I hadn't checked I would have been paying the minimum for who knows how long. It would have extended my payment period potentially by years! +Basically the title. I for one welcome crypto correcting. I hope it goes waaay down. Am I currently losing money? Of course. Do I think Bitcoin will go above 60k again? I think you'd have to be an idiot not to think so. So sit back, hodl, load up as it goes down, and be happy knowing you're just going to make more money in the long run because of any dips. +&#x200B; + +[If you don't get this reference, youtube it now and have it stuck in your head forever.](https://preview.redd.it/ez2mlqaofre71.jpg?width=1000&format=pjpg&auto=webp&s=c09021317ba9a6428c37c3f46ad2a93d40e1fd44) + +*\*disclaimer I type with my face and I cannot read, this is not financial advice and shouldn't be taken as such. I'm a stranger on the internet using this as my diary for MOASS. This is just data about a stonk I'm in love with and we rock each others worrrrrrrllddddd\** + +**MAJOR EDIT - In my sleep deprived state I messed up the calculations for float vs total outstanding shares. I had worked out 215% - 860% ownership on total shares outsanding after talking about the float. The real numbers could actually be 541% - 2166%** + +Good evening Apes, I've been asked for a while to post an update and at first I was worried that the info I would share would encourage day trading and also with how confident I am in the DD I just didn't really feel the need to make a new post. There are now a lot of new apes though who aren't as zen and probably are looking for that sweet sweet confirmation bias, so here it is! + +**1) A quick recap** + +https://preview.redd.it/vh8pdowfgse71.png?width=768&format=png&auto=webp&s=b53a51e9cc667d4f2b563b7ae3aec6fb087a5ed9 + +Michael Burry was the first one to notice that GME was an insane situation and was long on the stock way before any of us likely thought about investing in the company. Back in January GME had a reported SI% of 140% which is somehow the legal max, which really makes no sense at all. I don't think I need to explain his tweet anymore, there will never be another GME. + +&#x200B; + +https://preview.redd.it/bkcei5y9hse71.png?width=1650&format=png&auto=webp&s=01271ba682dba7226a5e6cbcc5dd56ec32f86415 + +I have nothing to really say about DFV but bringing up Burry for raising awareness on GME, it didn't feel right not mentioning DFV and also mention that this isn't just dumb money FOMOing into a random stock there is a ton of incredible research by thousands of (if not more) people. Look at the top posts all time on Superstonk to get a look if you're new there is so much stuff here worth a read. + +**2) The Float - with a little bit of volume.** + +[American dates don't do a confused scare euro apes. ](https://preview.redd.it/2uiuf9841se71.jpg?width=2388&format=pjpg&auto=webp&s=5c1ec4a8e98f91e6c6ebf841025c1c53287e55cd) + +[credit u\/bwajuk ](https://preview.redd.it/z1fhfyq51se71.jpg?width=2388&format=pjpg&auto=webp&s=bd535ba511b1c25fe666ecae005327debd45797f) + +This info is now slightly outdated but I really like how it breaks down the float which is why I've still used this info, since this graphic was made GME has completed two share offerings, offering a total of 8.5 million shares which raised over $1B in capital, not sure if you know anything about companies or if you're just here because you like the stock but when you have a cash reserve of over $1B dollars and no debt, it's pretty hard to go bankrupt. + +Quick maths +**21,992,039** (float from pretty picture) + **8.5m** = **30,492,039** + +Since January a total of **3,303,252,094** (**3.3B**) GME shares have been traded on the NYSE an average of **22,939,251** per day which is **75.2%** of the total float, **30,492,039.** + +So either every single retail investor who owns GME has bought sold and then rebought 0.75x a day for an entire year or someone has shorted this to oblivion and is going to get hammered to helheim by Odin himself. So everyone quickly look at your hands... You saw diamonds didn't you? Fantastic job! The hammer theory checks out. + +So we now know the float is roughly **30,492,039** and we know the volume for the year is 3.3B we can speculate retail ownership. Keep in mind total volume is shorts, longs, buys and sells it not just amount of people buying shares. + +**Speculative Ape Ownership of GME** + +5% of **3,303,252,094 =** 165,162,604.70 million shares. + +Total amount of GME shares that legally exist = **76.82M** + +So **IF** Apes accounted for 5% of total volume they would own 215% of ALL outstanding GME shares and 541.66% of the float. + +Now I hear you saying there is no way retail could be 5% of total volume.... + +[Sauce: https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/943354\/retail-traders-now-account-for-more-us-market-volumes-than-mutual-and-hedge-funds-data-shows-943354.html](https://preview.redd.it/gekxyd1r9se71.png?width=906&format=png&auto=webp&s=048e5cb8d72e45b85f49101a0c3b5b221bc7ede3) + +**Did you say over 20%?????** + +&#x200B; + +[Give your stonk a good ole rub.](https://preview.redd.it/rlx6d1t7ase71.jpg?width=400&format=pjpg&auto=webp&s=9bdc75d097269849b6b2673417414c3b5acf50b1) + +**Speculative Ape Ownership of GME - continued** + +5% of **3,303,252,094 =** 165,162,605 million shares - 541.66% of the float. + +10% of **3,303,252,094 =** 330,325,209 million shares - 1083.32% of the float. + +15% of **3,303,252,094 =** 495,487,814 million shares - 1624.98% of the float. + +20% of **3,303,252,094 =** 660,650,418 million shares - 2166.64% of the float. + +So **IF** diamond handed apes accounted for this amount of the total volume retail could own somewhere between 541.66% - 2166.64% based on current figures, as this is retails most popular stock and has been for some time even the top estimates here could be conservative but as this is already speculating I'm not going to continue to jack your tits, plus you are all very friendly with your calculators now, you do the math for higher than 20% if you want. + +&#x200B; + +[More confirmation bias but with crayons.](https://preview.redd.it/jaacx755fse71.png?width=1175&format=png&auto=webp&s=a2d19d2fd649c79b07a90137ca5c3d2fb8711f1b) + + "But how big is the surge in retail trading? Analysts and executives say it is difficult to peg an exact figure, but here are some numbers to put it in perspective: + +\* 25%+: The percentage of overall market trades made by retail investors in July and August 2020, according to Virtu Financial, one of the world’s largest retail market makers. In January 2020 retail was 17.1% of the market. Virtu’s data only goes to November, but retail investors appear to have played an even bigger role in 2021. Jefferies analyst Daniel Fannon said on Friday retail can represent up to 32% of total U.S. equity volume." + +**3) Volume for 2021 by month** + +Total volume for Jan was crazy. + + +https://preview.redd.it/3t7s91zlnse71.png?width=1550&format=png&auto=webp&s=e322406bb5d8f8abe64cc50036a1ed7c18e22182 + + I'm sure you noticed some pretty colours! Thank you for noticing but let me quickly explain them. + +Any loss GME made in a day is marked as red or light red 3 if you want to be fancy. + +Any gains GME made under 5% in a day are orange (light orange 3) + +Any gains GME made over 5% in a day I classed as meme stonk gains and they are of course marked light green 3. + +This isn't a joke, four days with well over 100m shares traded in a day. This was a gamma squeeze and the real short squeeze was about to start however retail was locked out! Buying was turned off but shorting continued. The price yoyoed from $70-$500 per share. + +&#x200B; + +https://preview.redd.it/izc6ml6dyse71.png?width=1535&format=png&auto=webp&s=968fbb53b851279ee6e64ffc302612c962b00610 + +The day that confirmed everything for me that the shorts haven't covered, GME bounced from the $40s to $180. What a fucking 24 hours that was. + +&#x200B; + +https://preview.redd.it/kemilyixyse71.png?width=1375&format=png&auto=webp&s=51eec7a71bc8d6865e785afba2d6c99174e0d086 + +Notice the short interest, not only have they not covered but hedgefunds started shorting everything heavy to try and supress the price. + +&#x200B; + +https://preview.redd.it/i2eqb3wxzse71.png?width=1531&format=png&auto=webp&s=348526bd26828eeb3d6e9a4e9b043638e9dec4b5 + +April seemed to be the start of excessive darkpool usage but towards the end of the month as the T21 cycle kicked shorting then had to ramp back up heading into May. + +&#x200B; + +https://preview.redd.it/0k4p0rl47te71.png?width=1523&format=png&auto=webp&s=0d7951ae89a4bdefa40a6e1d5dcb946dc104fc05 + +A new record high for short percentage and a record low for volume. Full disclaimer here during this run up I had called a cup and handle pattern a few weeks before and once we started moving up pretty swiftly towards the end of May I started taking more days off with collecting data which is why you can see I've got gaps here vs previous months and for June even more gaps. + +&#x200B; + +https://preview.redd.it/e472kj8o7te71.png?width=1316&format=png&auto=webp&s=b5bc83dc40afb2696ea6a204ec28dfc58c289bb1 + +Grey area is data I'm missing, if you have it and don't mind sharing that would be great and I will update this. July I have pretty much a full month for as during June I was getting asked a lot of questions by apes who wanted an update on old DD. + +&#x200B; + +https://preview.redd.it/jgkot3338te71.png?width=1327&format=png&auto=webp&s=ff92f25f1796894496eb9d7554b05ab8a8e26c09 + +And July! Smashed the record high for Short percentage and the record low for volume! This makes me very bullish for August and as a result I have been buying as much of the dip as I can and I'm looking forward to buying again on Monday. + +The volume data shows what GME looks like during a gamma squeeze and what it looks like through naked short attacks, dark pool manipulation and just general fuckery. The important thing to remember is that short positions don't have to be covered, they have to be closed. When you start covering a short position the price goes up as you are forced to BUY, it is impossible for hedgefunds to have covered or closed positions as the price is wrong and hedgefunds continue taking further losses. + +**4) Options data proves they haven't covered/closed out** + +Melvin capital and other hedgefunds planned to cripple gamestop, if gamestop went bankrupt they would hit the "bankruptcy jackpot" saving them on having to pay any tax on the money they would make on their puts and shorts, this is why and how GME was naked shorted so heavily, to avoid paying tax. Just look at the strike price on these puts and the amount of Open Interest. + +**Important to note every contract is 100 shares.** + +[April 21 - $0.5 - $10 strike price with OI of 228,077 = 22.8m naked shorts](https://preview.redd.it/h63nbg6gate71.png?width=1104&format=png&auto=webp&s=03de55e25b16346dc50ec8eb924a012a44079f37) + +&#x200B; + +[October 21 way out the money puts, there are more](https://preview.redd.it/acbxpaezcte71.png?width=1101&format=png&auto=webp&s=cdc639384ffe5a1dc85839982a23f76a89c306b9) + +&#x200B; + +[November puts\/hidden naked shorts](https://preview.redd.it/wzyxsy92dte71.png?width=1116&format=png&auto=webp&s=4d9fc44ab46e8b5275664bab05eb525b80faf8ed) + +and the big boi..... + +&#x200B; + +[ooooooooweeeeeeeee](https://preview.redd.it/eegnqdz8dte71.png?width=1131&format=png&auto=webp&s=5a24265af7151ffa5c958935268525548b8ba3f4) + +I was going to go into the market crash and why GME having a negative beta was important but this post has already gone on so long I don't want to melt brains with more data and I have tried to keep this as simple as possible. I will make another post to cover the crash/negative beta and try to keep it as simple as possible. + +Thanks so much for going through this post! I haven't gone into crazy detail explaining anything as I believe data is king so if you have any questions about the data feel free to ask either comments or DMs. + + +TLDR: There is a lot of DD, a lot of speculation, amazing theories on reddit and for the newer apes this is the data that will confirm a lot of it for you. You'll be able to see what holders from 2020 or early 2021 have experienced and why these holders like myself are so zen. Hedgies haven't covered/closed they are fucked. Apes set high scores. + +Keep calm, hold strong and power to the players! +Adoption is coming guys! +It will take time but it’s coming +New currencies are replacing old fashioned fiat. +Borderless ones! + +You ever tried pulling money from ATM while traveling abroad? Did you encounter the crazy fees? + +That was the selling point of crypto for my uncle. + +I was gonna recommend coinbase for him but the fees are high. Any recommendations guys? +**UPDATES AT BOTTON** + + +I closed my Chase checking account last month because it had a stupidly high minimum balance and I rarely ever used it because I bank somewhere else. + +I stupidly decided to close the account over the phone. (For future reference, ALWAYS go to a branch to close the account.) I had a balance of around 2,500 and I was assured I would receive a check in 14 business days. + +14 business days come and go, and no check. I call in and inquire. Chase assigns a research analyst to my case. She calls me and tells me to go to a branch to sign an affidavit to have the check reissued. + +I go to my branch and tell them my situation. They have no idea what I am talking about. I call my research analyst and she does not answer. After sitting in an employee's office for 3 hours while they call around, they figure out what affidavit I need to sign. I sign and they fax it in. + +Now comes the weird part. After the branch faxed the affidavit in, they told me they are unsure if they were allowed to reissue the check and that I should call customer support to see when I would receive the check in the mail. I call the analyst assigned to my case and she doesn't pick up the phone for 2 days. I finally call the general number and have me transferred to her. She tells me the branch should issue the check to me after my affidavit gets processed, but that she has no way of telling me when the the affidavit will be reprocessed and that the branch will be in touch. I go back to the branch and the guy who helped me is now on vacation. + +So my questions are: + +1. Is Chase bullshitting me? Who exactly is supposed to give me the check. +2. If Chase is stonewalling me for some reason, what recourse do I have? + +tl;dr Chase lost my check and doesn't know how to cut a new one. What do? + +Edit 1: I should add it has been a month since I closed my account. I'm very sure my check isn't coming. + +Edit 2: for the people encouraging me to call and threaten action. Should I call on Monday? + +Edit 3: I am going to post updates to my ordeal in case anybody else goes through this in the future. + +Edit 4: I tweeted to @chasesupport yesterday. They contacted me and told me to call their telephone support line... + +Edit 5: Calling Chase and threatening complaint with FDIC. They are still giving me the same bullshit runaround. Now they are telling me that they don't have my affidavit and that I need to sign another to get the check mailed to me. This is now the third story I have been told. + +Edit 6: And now they are telling me to go back to the branch. The manager said she noted a number for the branch to call in order to confirm they can cut the check. I am going to go to the branch on Monday. If they can't figure it out in 30 mins I am going to file complaints with the CFPB and FDIC. I think I have been more than reasonable with these people. + +Edit 7: For posterity: If you are closing your account always go into the branch to do it. I would not withdraw the funds and then close: I know chase hit me with a $25 for having a balance below 1500 for a couple of days. This was originally why I got pissed and closed my account. In hindsight I probably would have gladly eaten the $25 charge to avoid this mess though. + +**Edit 8: Apparently the replacement check was sent out on November 12th. They are telling me to go back to to the branch if I don't receive anything by the 29th. I still haven't received anything. My bullshit meter tells me it doesn't take almost 2 weeks for a check to arrive in the mail. If I don't receive anything by the 29th I'm done dealing with them and filing suit in small claims court. Only reason I'm waiting until the 29th is because it makes my position stronger (I look more reasonable).** + +**Edit 9: For people who suggested threatening regulatory action, it was a good idea. It basically got me nowhere though. I'm still going to file with the FDIC and NYAG because they can pursue actions while litigation is ongoing. Office of the Comptroller apparently cannot intervene with other agencies/litigation is proceeding.** +# [Award winning investigative journalist, Lucy Komisar is our guest today at 4:30 pm Eastern with u/Luridess our host!!](https://youtu.be/wKXWvEpnN34)[(Link to AMA)](https://youtu.be/wKXWvEpnN34) + +[**Here's Lucy's piece on the Gamestop saga after the January run-up**](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) + +[**Here's her piece on naked short selling and Dr. T's book**](https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/) + +**Both are required reading!\^\^\^\^** + +&#x200B; + +[Investigative Journalist, Lucy Komisar](https://preview.redd.it/cgafgxue94z61.jpg?width=1542&format=pjpg&auto=webp&s=d2d0db67d744d428c177991a346bbc57f4d4e6fa) + +# Lucy's miles-long list of accolades includes: + +• editor of the *Mississippi Free Press* from 1962 to 1963, which covered the civil rights movement + +• national Vice-President of the National Organization for Women + +• got the US gov to extend federal contractor and cable TV affirmative action rules to women while in her position mentioned above + +• exposed the practice of Sodexo, a major provider of food to schools and many other instituions, of demanding and getting kickbacks from its suppliers (2006) + +• ["Keys to the Kingdom: How State Regulators Enabled a $7 Billion Ponzi Scheme"](https://www.thekomisarscoop.com/2009/07/exclusive-florida-banking-agency-helped-stanford-set-up-unregulated-office-to-sell-his-phony-cds/) + +(About Allen Stanford's scams) + +She's also written several books, and has literally hundreds of other awards, recognitions, and accomplishments. + +**THIS WOMAN IS A LEGEND AND YES I AM FANGIRLING RIGHT NOW!!!!** + +Lucy has been covering financial and corporate corruption for decades, mainly through her online paper, [The Komisar Scoop.](https://www.thekomisarscoop.com/) + +And the first time I spoke to Dr. T, and I told her how much I respected her not only as an OG ape, but as a badass feminist icon... (lowkey, I hate to even bring up gender here but it can't be dismissed...) she chuckled her warm chuckle and told me who she looks up to, and said "if you want a real icon... you all should talk to Lucy Komisar." That made me feel like I had been blessed by the lips of God... an icon that our icon looks up to? Sign us up! So in the whirlwind of AMAs that our mod team has managed to schedule and put together, (BIG thank you goes to [u/StonkU2](https://www.reddit.com/u/StonkU2/) for coordinating these connections!! 🙏🙏) we have managed to bring you the magnificent Lucy Komisar.💖 + +&#x200B; + +🚀🚀🚀���🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I am currently 30 and FI in the USA but still work for various reasons, including benefits. I’m interested in quitting my job to travel the world but would like to generate income while doing so. + +While I probably won’t be able to match my current salary, I would like to replace the salary revenue stream in addition to the one I would be living off of from stock portfolio dividends. + +How did you generate income while traveling the world? +As a retiree earnings close to 0pct on my savings at JPMorgan Chase bank I cannot ignore the8+pct sustainable dividend from LUMN and potential for some cap growth. Compared to ATT ( the dog with flees I have owned for three years) this is a far better risk IMHO. Comments welcome. + +https://preview.redd.it/j4eajeph9an71.png?width=966&format=png&auto=webp&s=4f48ff62f81e529cd90799771beea15f6f8b7961 +I’ve watched about 2 hours worth of vids and read a plethora of articles and I still for the life of me can’t put together how an iron condor is considered a subjectively risk averse options trading strategy. + +I understand the high probability of success, limited returns, etc. but what happens if your short put becomes super ITM and you get exercised. From my understanding you aren’t secured like in a debit spread and would have to take the assignment in full force. Is this correct? + +I look at options profit calculator online and it’ll show me a maximum risk but it doesn’t look like that reflects the risk of assignment. Can someone explain? +Would a brokerage just stop you from purchasing the condor if you lack collateral to take an assignment on a company like amazon? Thanks. + +Edit: thank you guys really for the responses, I got some really good responses. Really good community at least 80% responses were informative, the other 20% go do something with your life other than crap on people please, and thanks. +Gold prices could push higher. In fact, “With the gold market on a bullish streak again, investors should be paying attention to the gold stocks, which have the potential to see 10X gains in this bull cycle, said Timothy Ord, president and editor of The Ord Oracle,” as noted by Kitco. "We could see $2,700 around the year 2024 just because of the timing of the rally – from the bottom in 2016 to almost $2,100-high in August 2020. That leg-up lasted four years. Then from the August high, we went down to the March lows of this year. And now, we are beginning the second half of the rally," Ord added. With gold looking attractive again, some of the top stocks to keep an eye on include TRU Precious Metals Corp.’s (TSXV:TRU) (OTCQB:TRUIF), Altius Minerals Corporation (TSX:ALS)(OTC:ATUSF), New Found Gold Corp. (TSXV:NFG)(OTC:NFGFF), Exploits Discovery Corp. (CSE:NFLD)(OTC:NFLDF), and Marathon Gold Corporation (TSX:MOZ)(OTC:MGDPF). + +**TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) Just Completed Phase 1 Drill Program at 100%-Owned Twilite Gold Project in Central Newfoundland** + +[TRU Precious Metals Corp. ](https://www.trupreciousmetals.com/)just announced that, further to its press releases on June 1 and June 8, 2021, the Phase 1 diamond drilling program has been completed at its 100%-owned Twilite Gold Project in Central Newfoundland. Drilling focused on a previously identified target that the Company has now dubbed the “Fort Knox Gold Zone”. + +**Highlights** + +\- Phase 1 drilling has been successfully completed on time at the Fort Knox Gold Zone for a total of 2,577 meters in 12 drill holes. + +\- Drilling has successfully intersected the widest sections of the mineralized shear zone to date. + +\- Extensive mineralized quartz breccia encountered in multiple drill holes. + +\- Regionally significant mineralized conglomerate, akin to the Rogerson Lake Conglomerate, has been intersected in multiple holes. + +\- Core logging and sampling are underway with two core saws. Excellent core recoveries were achieved through mineralized zones, unlike historic drilling by former property owner Fort Knox Gold Resources. + +\- Receipt and evaluation of complete Phase 1 assay results are expected over approximately the next 6 to 8 weeks, with results to be publicly disclosed in batches on a rolling basis once sufficient volumes of data are available. + +**Drill Program Preliminary Results** + +Barry Greene, VP of Property Development and Director of TRU, commented: “The first phase of drilling in 2021 at Twilite Gold has gone exceptionally well. We drilled 2,577 metres of NQ core, more than initially forecast, testing several additional high-potential gold targets. We anticipate a steady flow of drill results from Twilite Gold over the coming weeks and months, with results from these holes pending.” + +The drill program consisted of 12 NQ boreholes situated along a deep-seated, multi-kilometer, west-northwest trending structure (see Figure 1). The drilling focused within the Fort Knox Gold Zone, and specifically an approximately 200m strike length section of this structure near the intersection with a northeast trending mineralized structure that is also auriferous in historic drilling. Improving on historic drilling, TRU’s Phase 1 drilling has intersected an extensive shear zone containing areas of moderate to intense sericite and silica alteration and including wide areas of polyphase quartz veining and quartz breccias containing sulphide mineralization including pyrite, arsenopyrite and stibnite. The alteration and mineralization is coincident with a broad portion of the 600m long mineralized structure identified in the detailed magnetic survey completed by TRU and announced on December 8, 2020. + +TRU has not verified the historical grab sample assay results contained in this press release and is not relying on them as current mineral resources or mineral reserves. Note that grab sample results are select samples and are not necessarily representative of mineralization on Twilite Gold. Readers are cautioned that these potential grades are conceptual in nature; there has been insufficient exploration by the Company or its qualified person at Twilite Gold to define a mineral resource or mineral reserve; and it is uncertain whether further exploration will result in these targets being delineated as a mineral resource or mineral reserve. + +It is noteworthy that several holes intersected hematitic and silicified polylithic conglomerate, locally containing sulphide mineralization. Such polylithic conglomerate is texturally similar to, and may represent the strike extension of, the Rogerson Lake Conglomerate. + +The RLC has already been mapped in proximity to Twilite Gold and is considered to be an important expression of the regionally extensive Cape Ray - Valentine Lake- Shear Zone. Regionally, the RLC (or its equivalent) is found directly associated with gold mineralization at Matador Mining’s Cape Ray deposit; Marathon Gold’s Valentine Gold deposit; and Canterra Minerals’ Wilding Lake project. + +TRU Co-Founder and CEO Joel Freudman added: “We are excited to have completed TRU’s first-ever drill program, which we chose to carry out at Twilite Gold a mere seven months after acquiring the project. We are very encouraged that a promising variety of mineralization is evident in the cores, often with good continuity, which supports our belief that Twilite Gold is well-situated along the deposit-bearing Cape Ray – Valentine Lake Shear Zone. We believe that this targeted first round of drilling will indeed be the starting point to help the Company unearth the inherent value we believe exists at Twilite Gold.” +Hello Traders! Starting now on, every weekend discussion will be for Loss P\*rn and Gain P\*RN. We want to show off some gains and give rewards to the unfortunate who lost their mortgage + +\- Use [Imgur.com](https://Imgur.com) or other links to show off your glorious gains, losses and recoveries + +Still use this is a unfiltered discussion threads. Mention tickers you are happy about and tickers you will enter soon + +**NEW SUGGESTION**: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly, Add** 🚀🚀🚀 **and happy trading** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +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)) +Is there a one stop shop for this selling options stuff? + +From my understanding if I'm sitting on cash couldn't I just sell a put for 5-10% OTM weekly until it fulfills, then go on selling covered calls for 5-10% OTM(making sure the strike is over my put purchase price) and basically just print small sums of money forever? + +Or am I fucking retarded and completely not understanding this. +My wife and I purchased a house in 2013 in a very nice town about 20 mins south of Boston. +I was making 95k/yr and my wife 15.8k/yr part time. Our home was $320k and we saved up a down payment of $70k. + +Our fixed rate is 4.025% and our current mortgage is 1700/month. Our other bills totaling 900/month not including food. We have two little girls. + +Well, I lost my job and so did my wife, around the same time about 1 year ago. It. Was. Hard. To say the least. Somehow, thru savings and investments, we managed to keep our house despite missing a few payments and are still currently close to 20-25 days behind each month on our mortgage. We've also cut our monthly expenses down to 625/month. + +I'm currently working 2 jobs, 70 hours a week making 47k/year and my wife is making 12k/yr. We are extremely poor and have no real money left each month and its very hard to rebuild our emergency fund. My full time job is promising, guaranteed raises for 5 years until I'll be making 108k/yr but that's a long ways away. + +Our house has gained some value, prob around 350-360k now and we currently owe 253k. So, that's a good thing, but our credit has tanked from missed cc and car payments to below 600. Impossible to get another home loan. We think about selling but don't want to give up on our dream and have a great spot for our kids. We're surviving. + +In short, this was to get everything off my chest after seeing that previous post. So be careful, you never know what's gonna happen. Also, would love some advice or words of wisdom. And feel free to berate me for making a bad decision, I understand. + +tl;dr bought a house in 2013 and are now very poor trying to keep and maintain it, feels +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +I am filling in for our good friend u/Parsnip today! It was nice to see some green action, but we still know the price is wrong, bitch! Meanwhile, Gary Gensler flipped CNBC the bird by posting the cut portion of his interview on Twitter! *We will watch your career with great interest* + +Today is Friday, August 6th, and of course you know what that means! Join other apes around the world to watch low-frequency updates from a single German exchange! + +🚀 Buckle Up! 🚀 + +US Premarket is [open!](https://finance.yahoo.com/quote/GME?p=GME&.tsrc=fin-srch) + +* 🟥120 minutes in: $155.03 / 131,10 € +* 🟥115 minutes in: $155.29 / 131,32 € +* 🟩110 minutes in: $155.35 / 131,37 € +* 🟩105 minutes in: $155.33 / 131,35 € +* 🟩100 minutes in: $155.29 / 131,32 € +* 🟩95 minutes in: $155.27 / 131,30 € +* 🟩90 minutes in : $155.09 / 131,15 € +* 🟩85 minutes in: $155.05 / 131,12 € +* 🟥80 minutes in: $154.91 / 131,00 € +* 🟩75 minutes in: $155.11 / 131,17 € +* 🟩70 minutes in: $154.93 / 131,02 € +* 🟩65 minutes in: $154.88 / 130,97 € +* ⬜️60 minutes in: $153.91 / 130,15 € +* ⬜️55 minutes in: $153.91 / 130,15 € +* ⬜️50 minutes in: $153.91 / 130,15 € +* 🟥45 minutes in: $153.91 / 130,15 € +* ⬜️40 minutes in: $153.97 / 130,20 € +* 🟩35 minutes in: $153.97 / 130,20 € +* ⬜️30 minutes in: $153.73 / 130,00 € +* 🟩25 minutes in: $153.73 / 130,00 € +* ⬜️20 minutes in: $153.67 / 129,95 € +* 🟩15 minutes in: $153.67 / 129,95 € +* 🟩10 minutes in: $153.43 / 129,75 € +* ⬜️5 minutes in: $153.37 / 129,70 € +* 🟥 0 minutes in: $153.37 / 129,70 € +* 🌈US close price: $153.44 / 129,76 € *($154.00 / 130,23 € after-hours)* + +FAQ: I am not as fancy as our friend u/Parsnip; I am just checking the price on [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) and converting to USD in Google. Today's euro -> USD conversion ratio is 1.18229. 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. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! + +Shoutout to our German friend u/DerGurkenraspler, who deleted his account some time ago. He was the originator of this thread months ago. Thank you for lighting the torch; we hope you are doing well friend. ❤️ +I have been on this sub for years, and I don't know why as of late it seems that people are criticizing, mocking, insulting, and demeaning traders that are asking for input or general advice about their investments. It should be possible for us to ask questions about stocks and companies without being belittled by others. I for one would like to see this sub get back to its old self, where people could ask honest questions and recieve honest answers. + +If you like or dislike a stock, cool, but can we just be civil and try to offer constructive criticism instead insults? +I’m getting an exit from two companies in the next years, both with shares under my name. I’m looking at ways to minimize my taxes and I’m wondering: given these are capital gains under my own name, would I need to transfer the shares to a Corp and then move it offshore to get any tax benefits? Would I need to move? I currently live in Canada. + +I’ve looked at Nomad capitalist and Flag theory but I’d like to understand the basics before engaging a potentially expensive process. +Like I know this isn’t going to be sustainable, but I jumped on the travel nurse train and I’m working overtime, night weekend shifts in a contract that pays me close to $6,000 a week for 13 weeks or about $4500 a week after taxes. This is a lot of money, I grew up poor and I have some perspective of going without. + +I have no debt, car is paid off, I was putting 10% towards retirement before I left my staff job a few weeks ago, there’s some money in my retirement but I haven’t looked in a while. I’ve got about $10k in the bank right now, and about $5k in some stocks. I don’t own a house or an apartment. Nothing in the way of friends or family. I have two dogs and that’s really all I have in life. + +I’ve considered what to do with this money because I feel like I have no quality of life whether that be buying a new car or putting 20% down on a house. I’ve been dealing with depression following a divorce for years and it comes and goes. I haven’t done anything fun in a long time. I’d eventually like to put roots down somewhere and start a family. + +I think I want to buy a house, use it as a base to keep travel nursing and then pick a staff job and work on things? Any thoughts? +Following a pretty interesting newsletter and have some thoughts on oil... trying to figure out the best ETF play(s) to exercise this idea. + +Backdrop... + +1. Exxon, Shell (and I suspect US and EUR oil) companies are coming under increased pressure from shareholders and governments to "get greener" (Exxon proxy vote, Shell just got a court ruling) +2. Economies (at least here in US) are opening up, I see an increase in the demand side from current levels over the next 6-12 months. + +Put those two together and I think we'll see an increase in oil prices (like Brent Crude) and an asymmetry on the supply side. The asymmetry being... US and EUR produces are facing headwinds while the Aramco's, Petrobras, etc (I guess "state-owned oil") would not see as much.. so I think they would fair better. + +I'm looking for either/both + +1. an ETF that has only (or more heavily weighted) non-US/EUR oil company exposure +2. a way to proxy the price of oil by way of ETF (I don't want to buy futures, etc) + +\#1 seems to not exist? Would love to buy XLE and drop a few companies if I could. + +\#2 .. I see BNO, I see USO, I see USL... but some are tiny, some don't seem to proxy the price of oil well... all just seem kind of dysfunctional. Anyone have experience with any of these (and is getting a K-1 a pain come tax time). + +My time horizon for this trade is 6-12 months and then I'll probably unwind. +Hello everyone, + I am a 22 year old newbie to ingestion. I have a Roth IRA and a brokerage with fidelity. When I invested earlier this year I had little knowledge on overlapping and bough shares vti, schb, and voo for my Roth. + +My Roth IRA is maxed out consisting of: +2/3 VTI +1/3 SCHB +1/3 VOO + +I realized there is overlap in this and was wondering if what I should do with my 2021 contribution. Should I put all my money in VTI or VOO. Or should I add another etf like a russel 1000 or international fund like vxus? +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +Hello All, + +When do you sell a losing industry specific ETF (e.g. Cannabis, Psychedelics)? With stocks, some suggest cutting losses when the loss is between 7% - 8%. Would this same idea apply to ETFs? + +Thanks in advance! +I am looking to invest $10k in Dividend ETFs. Started off by getting some **SCHD** and **SDIV** shares. + +Considering from amongst + +**NOBL, SPHD, DGRO, PFF, DVY, SDY, VIG, VYM, DEM, SCHD, DIV, SDIV** + +Which ones and how should I keep the split ? Looking for modest growth and dividend income. +As some background, I am 23 years old coming in on 1 year of work experience. I have been looking to start investing in addition to company 401k after establishing 6mo+ of emergency savings. + +I just started investing in ETFs 2 weeks ago and wanted to incorporate some external viewpoints into my investment strategy moving forward. I have \~$1000 invested right now and plan to continually buy into my portfolio for the foreseeable future. + +&#x200B; + +IEZ (Ishares OIL) 10% + +QQQ 44% + +VEA (vanguard dveleoped markets) 8% + +VGT (Vanguard world FDS) 25% + +XLC (Select sector communication) 11% + +&#x200B; + +I would like to hold onto my portfolio for the long run (15+ years) so I would love to hear thoughts on what is the best exposure to capitalize on long term gains. + +&#x200B; + +I apologize if I may have left some information vague as I am new to ETFs +On Thursday, Powell’s hawkish remarks sent the inversion of the 2-year and 10-year U.S. Treasury yields as high as 58.6 basis points, the highest level since the early 1980s. + +The U.S. bond market is sounding a resounding recession warning. + +&#x200B; + +On Thursday, after Federal Reserve Chairman Jerome Powell hinted that the peak rate of interest rates may exceed previous expectations, the 2-year U.S. Treasury yield soared as much as 12 basis points to about 4.74%, the highest level since 2007; The inversion of Treasury yields briefly reached 58.6 basis points, the highest level since the early 1980s, when the Fed was also aggressively tightening policy. + +&#x200B; + +An inversion of the curve means investors expect policy tightening to lead to a recession, while also lowering inflation, boosting demand for longer-dated bonds. + +&#x200B; + +On August 10, the U.S. Treasury bond yields of these two maturities also inverted by more than 58 basis points. The last time U.S. Treasury yields inversion of this magnitude was about 40 years ago, when Volcker, then the chairman of the Federal Reserve, raised interest rates sharply to curb inflation, a move that sent the U.S. economy into a tailspin. History shows that a recession will occur within 12 to 18 months of an inverted yield curve. + +&#x200B; + +Fed Chairman Jerome Powell said on Wednesday that policy rates could rise more than previously expected and remain high as the central bank seeks to continue fighting inflation, before stocks fell and policy-sensitive 2-year U.S. Treasury yields continued to rise. Powell said the Fed has a long way to go to keep interest rates at "restrictive" levels. + +&#x200B; + +A team led by Priya Misra, head of global rates strategy at TD Securities, wrote in a note: + +&#x200B; + +We believe that the current yield curve may continue to invert as the Fed is likely to continue raising rates and tolerate some economic slowdown. + +This more aggressive-than-expected path of rate hikes has an unfortunate consequence. The actual level of tightening we currently expect could lead to a recession in the second half of 2023. + +The Fed's consideration of raising its peak rate forecast is due to labor market resilience and the prospect of inflation continuing into next year. Ahead of the December FOMC meeting, there are also two CPI data and two nonfarm payrolls reports that will show inflationary pressures and labor market tightness, respectively. + +&#x200B; + +Analysts believe any strong data to follow will lead to higher U.S. Treasury yields and more curve inversions. + +&#x200B; + +Currently, the gap between the 3-month and 18-month Treasury yields is also near inversion. Powell has said the Fed tends to use that yield spread as a predictor of meeting rate cut conditions. +The main reason I'm all in on GME is because the DD still to this day remains completely unchallenged. No one has yet to make a counter-DD that can fully disprove without any room for doubt that MOASS cannot happen and that shorters have closed their positions in GME. + +Meanwhile, on the flip side, those against GME have been caught in scandal after scandal that only further proves that the DD is correct; + +* Vlad and Griffin lied under oath about their involvement with each other and their manipulation of GME +* Faked GME "shares" from FTX and other tokenized trading platforms were found out to have been used to create fake collateral for short positions +* The buy button was disabled +* The massive run-ups were shut down +* Daily volume still shows that the majority of shares are being shorted and traded through dark pools +* The DTCC committed international securities fraud with the stock split via dividend by treating it as a regular stock split when it should have been a dividend distribution + +All these fraudulent activities over the past two years proves that the DD is true, that the GameStop saga is not over yet, and that MOASS is inevitable as we continue to DRS, HODL, and EXPOSE. + +Thank you for coming to my APE Talk. +I’ve heard a great story recently about how a family built up credit for their daughter over 18 years. So when she went to buy her first car, she thought she’d get a bad deal and ended up getting the best deal, she was so shocked and it was a blessing. Now I’m curious as to ways to build a credit score for my kids? When is an appropriate age to start building credit? +Hello! +For some background, I'm freshly 18 and was thinking of opening a savings account or using NOMI (through RBC) but my mother doesn't think I need a savings account. + +I plan to go to post-secondary as soon as I graduate and currently don't have a lot of money. Plus the school I'm trying to go to is hours away from my hometown and I only work a minimum wage job at \~16 hours (currently over 20 due to training). + +is it a good idea to open a savings account? + +If so, there are two that I was looking at; the Day to Day savings and the High Interest savings. I was thinking the Day to Day due to the reduced withdrawal cost incase of an emergency. +I was married in my 20's and divorced (cleanly financially) a few years ago. I have 3 CCs (11-16%) totaling $39k. I also have a private loan with $30k on balance. I pay mortgage ~$1500 inc tax/ins. + +For retirement, I was in the service and had a TSP plan, which the account has been dormant for a long time. After I got out, I got a gov contracting job and that gave me a 401k, which has been dormant for over 5 years now. I got another job and have a 401k with them currently. I also contribute to a Roth IRA with USAA. I would like to roll up everything except current 401k into a Vanguard account but not sure what best to do. + +My net income a month is $7200. Should I get a CFP? I think it could be worth it but they may do things I don't want to happen in the end, so I am kinda hoping I can get some guidance/direction here. I know I need to be focusing on my CCs, but have had a rough past 5 years so have been ignoring them. + +edit: I also have some minor stocks, mostly ETF's and some in stocks. $3800. +I’m sure there have been posts made about this. But regardless, does anyone have any tips on how to outline a financial planning/budgeting document? What works best for you? Do you opt for a weekly plan, monthly plan, etc.? What kind of categories do you include; income/pay day, expected expenses, etc.? +I’ve been anxious to start stacking dollars for years but was held back by $150k of student loans. I finally paid them off and got my salary up to $130k. Then 2020 happened. I lost all my childcare resources (thanks COVID) and I left my husband. I was still feeling positive overall because I had total control over my life especially in the financial sense. What has gotten worse is my job. It’s only gotten busier during the pandemic and I hate it. I wake up in the middle of the night with anxiety. Anyway, I only have $30k (cash) saved and will get another $30-40k from the home equity. Has anyone been in a situation where they could save a lot but it would cost them their mental health? I don’t know what to do as I feel like changing jobs would severely slow down my FI plans. +This is my first job- 12 hours a week but usually working 15 at £10 per hour, meaning roughly £7500 a year. + +On my payslip I see I’m paying 20% tax, my tax code is 0T W1 which I read means I pay tax on all my income, but why am I paying it if I’m not going to be earning over the roughly £12000 limit? +For the multi-homed, how do you manage and track conditions in your house while away. We once suffered a disastrous water leak (fridge water inlet) and that has made me very vigilant about monitoring. + +My setup (same for each home) is: + +* ADT-like service - fire, security, water leak + +* Google Home - + + * primarily Nest devices - thermostat, smoke detectors, door locks, doorbell, camera + + * Wemo smart switches and outlets + +* Smart Valve water meter shutoff retrofit. - Yes, I’m paranoid about water. + +Known Exposure: + +Remote gas-line shut-off. + +I’m quite fine with what I have, but I’m wondering what others do in case I’m missing something and have to learn the hard way. + +The switches come in (very) handy because we let family and friends use the place and on more than one occasion they’ve left lights on. + +Edit: Tile stickers are essential (I’ve found) when you return and someone else has moved the TV remotes all over the house. Recent addition but so very useful! +What’s everyone’s favourite saying about personal finance? + +I think mine is “money talks, wealth whispers”. + +I find it a useful reminder that the goal is a comfortable life of abundance. This is particularly useful when I get that urge to keep up with the Jones and buy, for instance, a flashy car that I don’t have the skills to drive!!! +I want to maximise my wealth as much as possible, but I don't plan on having children, so it all feels like a waste after I die since there's no future generation to pass it on to. That's why I've cut down heavily on maximising my compounding wealth, ignoring super and started spending money on happiness now. + +What are your reasons for chasing money as opposed to just having enough for your lifestyle if you don't plan on passing it on to future generations? +[Announcement](https://help.stockpile.com/en/articles/6311446-stockpile-transitioning-to-paid-membership?utm_source=vero&utm_medium=email&utm_content=control&utm_campaign=Membership%20Announcement%20-%20Individuals%20&utm_term=Newsletter&vero_id=pavan.nyama%40gmail.com&vero_conv=_I83reVo7MVoQXXFSjoSMawVVJU-ZRZ9Gj9cXK9D7nOh0XcgZfU7xODP7tUyEpKD4ngB2UMnLIR5MR290S5yWSFdNxC-oMRBwoc%3D) + +A bit scummy in that Stockpile is auto-opting people into the subscription and you have no way of preventing it aside from talking to customer service who are slammed right now. +Have $50k in cash left over from last cycle and thinking about putting into ETH. Thoughts on current price? And price point to sell after merge? + +Edit: deployed $25k at $1200 (07/14). Price has since exploded to $1550 (07/18). Not sure when to get the other half in lol +Have $50k in cash left over from last cycle and thinking about putting into ETH. Thoughts on current price? And price point to sell after merge? + +Edit: deployed $25k at $1200 (07/14). Price has since exploded to $1550 (07/18). Not sure when to get the other half in lol +This is a rant. + + +I am new to crypto and to be fair I’ve only had Binance tell me to go fuck myself because of American sanctions, but this is just messed up. We’ve been blocked out of Binance for 2 years and no one’s said shit, I doubt any of you even knew that we had to pack our shit up and leave, the Russians haven’t even been blocked yet and I’ve seen you people become united as if it were your own accounts. + +“Binance owner says blocking innocent Russians accounts is unethical” + +“We must stand up for all users” + +Are we not innocent? What is it? Why are y’all more worried about the *idea* of it happening to Russians but we’ve been kicked out for years and no one batted an eye? + +Fair enough, I can use other exchanges like KuCoin. + +This isn’t even a geographical issue, I’m in Dubai and binance is supported here, but everytime I try to verify my account I get blocked because my Dubai residency card shows where I’m from. + +To the Russians, I’m not mad at you guys, you really shouldn’t be thrown off of exchanges because of your government. I guess I’m just pissy because people fight for you and leave us out in the sun. 🤷🏻‍♂️ + + +Fuck the Government. Sanctions don’t affect the government, it affects ordinary, innocent people. The poor American government must think if they use sanctions, the Iranian government will stop being bad because they feel bad for their people suffering. What a joke. + + + +Update: Thankyou for the support, I didn’t mean this to be hateful or mean. + +To the people rightly saying that sanctions are built to hurt ordinary citizens so that they step up and fight their government. You are right. That’s the whole point of it and Iranians are fighting back, they are protesting but unfortunately, the world is very different than the western democracy you’re used to. Some governments really don’t care how many people they kill. Some governments block all internet access so they can play Duck Hunt with people. + +I tried posting a link but it isn’t working for some reason. Google Iranian protests and enjoy. + +I agree with you all, but this is getting too political and that is not safe. + +All I’m saying is, the crypto exchange bosses shouldn’t sanction users. Allow people to trade freely. + + + +Update: From the crazy amount of support I’ve seen, I understand race is not an issue in this and I apologize for bringing it up. I have taken it out. Please raise awareness. + +What you are afraid of happening has already happened, help stop that. +We get it - you might not be in this for the long run. Why not take advantage of an opportunity when its presented to you? + +But please realize that putting your last $100 into bitcoin because Jeff that works in the Home Theatre department told you about going to the moon. + +Wanna get rich? Replicate what bitcoin DID. + +There are alt-coins with technology that puts bitcoin, bitcoin cash, litecoin, and ethereum to shame. Are they easy to purchase? NO. Will it take 1-2 years for them to catch on? YES. Will there be insane price fluctuations that make you sick to your stomach? YES. + +Welcome to fucking cryptocurrency. No one is going to do the homework for you. No one is going to click the buy button for you. No one is going to stay up late at night with you when the shit falls 40% in 3 hours. It takes balls to ride this ride - this early in the game. + +Find the coins with the best tech - small market cap - somewhat low supply (depending on the intended use) - good development team - active community. Put some money in at the right time - then HODL for the long game. Check back in 2 years and hope for 2000% returns. + +Good luck. +Hi all! I'm not sure if this should go in r/finance, r/stocks, or r/investing, but this seems like as good a sub as any! + +I'm curious what's up with the pre-market system. It's basically exactly like the normal market, except you can only use limit orders (at least with my broker). What's the point, and why is volume so much lower during pre-market? Wouldn't traders utilize the entire pre and post market hours to maximize opportunity? + +Big earnings jumps often happen in post or pre-markets, so why not just either close trading entirely outside of normal hours, or open it up fully, maybe even make it 24/7. Do you think 24/7 hours will ever happen with the global internet economy we have today? + +Edit: also curious about if these trades happen on the real NYSE and NASDAQ exchanges, or some kind of secondary markets + +Thanks! +Hi all! I am 28 years old and bring in about 60K after taxes. I have been saving and saving for a down payment and it seems like I might have missed the "sweet spot" in the market. I am purchasing alone, by the way. + +My goal was to put 20% down on a house (ideally about 300k). I started working with a realtor about 6 months ago and every offer I made was rejected because I was getting beat out by all-cash offers or people offering $15-$30K over asking price. The realtor said I needed to consider dropping my down payment to 10% and throwing that extra money as a higher asking price and I just couldn't stomach that. I might need to get over this mental block if that's just how to market is going to be. + +I'm a first-time buyer and the other buyers around me are waiving inspections like no one's business, willing to adsorb the appraisal (not sure if I'm phrasing that right) and overall I just am not sure how I can compete. + +After this experience, I decided to pump the breaks and save more but the longer I wait, the more housing prices increase. It feels like I'm in a hamster wheel. + +Also, I'm very lucky because I live in a studio on my parent's property and they only charge me $350 a month so there's not a huge pressure to move ASAP--just that I would really like to have my own space. I have been living with them for 3 years as I work on saving. + +Anyone else in a similar position? Thoughts or advice? + +Edit: sorry, I also meant to say that this money is currently in a HYSA which is not bringing in a ton of interest. I'm nervous to put it into stocks in case I need it soon but maybe it's time if this housing market is going to be like this for a while? + +Edit #2: Thank you all for the feedback so far! To answer a few questions I've seen come up: I am in Central California and would like to stay here if possible due to family and a hospital in the Bay Area that specializes in a connective tissue disorder that I have and will continue to need open heart surgeries for. +I do not have any debt. I have $30K in an IRA and an additional $15k set aside for emergencies. + + + +Edit: thanks everyone so much! So many things to go through . Will make a big list of it all and put things in order of importance. Y’all make life so much easier. + +Just moved into a nice new apartment with 2 girls. I let them handle the decoration and me handle turning our home into a “smart” home and getting essentials. What are things that we should invest in (decent vaccum, air purifier) and what are things that we can just go cheap on (cleaning supplies) + +The apartment isn’t furnished at all so we are adding. Furnitures will be cheap things only, we have a cat and a gunei pig. + +My thoughts were that a nice vaccumm would be probably a good idea, but what are y’all’s thoughts, to make life easier for all of us. Security system? Washer and dryer? (We don’t have one) +I'm not going to write an essay here about each one, but rather, consider this a one page primer on what to watch out for and how to avoid it. + +&#x200B; + +**SIM swap** + +**How it works:** Scammers use personal info to trick your phone company into transferring your number to their SIM, then use your phone + personal info to gain access to emails, crypto exchanges and more. + +**How to avoid it:** Always use an Authenticator based 2FA instead of phone, and don't link email addresses to your phone. Never reveal the phone number / email address attached to your crypto accounts. + +&#x200B; + +**Fake versions of popular apps, browser extensions and exchange websites.** + +**How it works:** You click a link that installs/visits a replica version of the real thing, which will send your passwords and personal info to scammers and/or sneak in scammer wallet addresses when you're transferring crypto. + +**How to avoid it:** Only install apps, wallets and extensions from the official website; triple check any website addresses for anything crypto related. If you use google don't click on the "ad" version of websites, as scammers sometimes pay for their scam version to show up there. + +&#x200B; + +**Clipboard Hacks** + +**How it works:** Malware takes the crypto address you copied to the clipboard and replaces it with the scammer's address, so your crypto gets sent to the scammer. + +**How to avoid it:** Triple check the address you're sending crypto to, if you find you've been compromised, a full reformat + factory reset is the only option. Change all crypto passwords, email passwords, new authenticator on separate device. + +&#x200B; + +**Gas trap** + +**How it works:** Someone posts the seed to a wallet full of ERC20 tokens; in order to take the tokens you need to transfer ETH to the wallet to pay for gas; they have a bot that takes the ETH straight away. + +**How to avoid it:** Don't trust anyone giving you free stuff. + +&#x200B; + +**Pump and Dump Groups** + +**How it works:** You join a group that claims they will pump a coin to dump on the general public for a profit, however the organisers have already filled their bags and dump on the group instead when they release the name of the coin. + +**How to avoid it:** Now you know what it looks like you can avoid it. + +&#x200B; + +**Rug Pull / Exit scam** + +**How it works:** Developers of a shitcoin spend months shilling their coin & paying influencers to shill their coin. Once the price has reached a certain point they dump their bags or drain liquidity pools taking everyone's money and the coin's value goes to zero, + +**How to avoid it:** Thoroughly research every coin you invest in, make sure the developer team are doxxed and are trustoworthy. Don't buy any coins shilled by influencers. + +&#x200B; + +**Social engineering tricks / Phishing** + +**How it works:** Scammers trick you into sending them crypto, your seed phrase, or your personal information. They might pretend to be customer service operators or high profile traders and promise you all kinds of things. They will use the medium of email, DMs, social media channels or chat groups. + +**How to avoid it:** Don't trust anyone who offers you free stuff. Don't share your seed phrase or personal info with anyone. + +&#x200B; + +**Fake exchange or DeFi websites.** + +**How it works:** A hot new DeFi project is offering 1000% APY if you deposit your coins with them. Once you transfer the coin, they take it, or you see paper gains but you'll never be able to withdraw, or you get rugged - either way you can never get your money back. + +**How to avoid it:** Thoroughly research any exchange or DeFi product before you invest with them. + +&#x200B; + +**Ponzi/Pyramid coins.** + +**How it works:** These coins promise high returns or high gains, usually they involve deflationary tokenomics or other tricks to get people interested, all the price gain however is through other investors, there's no actual product or service associated with the coin and the price will eventually collapse. + +**How to avoid it:** Thoroughly research coins before investing - check out some of the DYOR guides that have been posted here. + +&#x200B; + +**Fake coins** + +**How it works:** Scammers create a coin with a similar name or ticker code to another popular coin and you end up buying the fake coin instead of the real one. + +**How to avoid it:** Check the coin you want is offered on the exchange you're using, triple check the name of the coin your buying and the chain you're buying it on. +Ethereum news will be continuous, extraordinary and unrelenting this year!!! + +We have core development milestones, EEA additions, and a huge huge fucking enormous advantage in mindshare compared to any other blockchain. That means project after project after BIG reveal after BIG reveal. Get your coins someplace safe. Buy some popcorn. And enjoy the ride! This time next year, there is no longer doubt in my mind, people you know around you will have heard of Ethereum (you may have already started to see hints). + +The PR has never been this well organized, and the move toward public awareness has never moved this quickly. Honestly, VB is talking to heads of state now. All for a very good reason. It is an Ethereum playground right now. Devs devs devs devs. Seriously people. Take this as a warning. Ethereum awareness and developer momentum has secured a truly glorious year ahead. I don’t have a clue what things will be like in five years, but clearly, with all these people waist deep in Ethereum now, this year will be glorious! +It's easy to forget this at times. + +This was the #1 commonality among each of the best investments I've made over the past 10 years. + +Always have your thumb on the developer flow pulse. + + +Welcome newcomers! + +Old timers please help our new found friends find their way around. Many MANY of them are investing: + + +A. From Bitcoin to ETH. + +B. Buying ETH only + +C. Buying Ethereum AND it's their first crypto. + + +Remember all the questions you had starting out? There are Ten times more people here than in the last 12 months. Be a teacher, not a torturer. We need fellowship and guidance to help one another learn and it's the path we should choose. + +Vote on the daily so the ladies in the kitchen can get the lunch count. We got a lot of people to feed in here so don't delay. Vote up for hot lunch and down for cold lunch. + +Hot lunch: Sirarcha chicken, Kim Chee, cellulose Noodle bowl, Mile High Brownie + +Cold lunch: PB&J, Yogurt, Sun chips + +Kick off yer shoes before coming in and welcome to Ethtrader. + +Big Hugs from KC + + + + + + + + + + +I recently opened a Roth IRA account for myself. I had a brief tech support snafu when setting up online access, apparently because my information was already in the system. Unbeknownst to me, my grandparents started an account in my name and have been making contributions for the past 5 years or so, including USD 2000 this past May. Since I made the maximum contribution of USD 5,500 when I "started" the account a few weeks ago, I'm now 2,000 over the maximum yearly contribution. I know I need to correct this--and would obviously like to do so with minimum penalties. My understanding is that I can have the excess amount returned to my bank account with no penalty, so long as I do so by October 15th. Is there anything else I need to do that I'm missing? As long as I correct the error by the deadline, will this complicate filing my taxes in April? More broadly, is there any way to prevent this from happening in the future (other than talking to my grandparents and making sure we communicate better in the future)? +Old timer here. Just wanted to do a quick post about these days. I got involved in Ethereum at the ICO level and just want to share my thoughts with you guys. +Blockchain technology is here to stay. +Only the strong will survive. I went through the DAO Wars and made it. + +In a few years will be laughing about all this. ETH will become more valuable than oil since it will form the backbone of the IoT revolution, and the AI systems that will become increasingly aware of Blockchain as a source of truth. + +Network effects are already in place. Ethereum was the first true Smart Contract platform, and it is evolving rapidly. Other projects don't even have 10% of the developer base of Ethereum. + +Ethereum Enterprise Alliance. Blockchain City in Nevada. Dubai, Singapur and Zurich will become the first blockchain-based City States with full sovereignty. Its own Constitution & Cryptographic enforced Laws. Autonomous driving. 3D printing. All enforced by Ethereum Blockchain technology. + +So, just to finish up, future has never been BRIGHTER. Remember, dawn is always preceded by the darkest hour of the night. +I just wanted to offer a candle in the middle of this darkness. That's all. +Only minimal editing has been done on this, cut the guy some slack on word selection, spelling, and grammar his last edit was when he was 82. + +--- + +* Remember you are the product of all the decisions you make over the years. + +* Choose wisely and you will create heaven on earth, for you and your family. Choose poorly and you will create hell on earth, for you and your family. + +* Plan ahead! This is a proven strategy that has a huge payoff for many areas of your life including money. + +* Never spend 100% of your income / paycheck. Always put aside (save) something. This is the absolute rule of financial success. If you follow this rule and invest your financial future is assured. + +* Never carry a balance on a credit card account. The balance is your road to financial perdition. + +* Try to never do business with any operation that has service in it’s name or stated purpose. It will cost you a significant amount. These are high risk operations and there goal is to extract as much money as possible without being arrested. In general these are dishonest people and operations. I cannot think of one major financial institution that has not paid absolutely huge fines to the SEC, on the order of hundreds of millions of dollars, without admitting guilt, what a joke. These fines are not limited to financial services companies and appears to be epidemic with all businesses that in any way deal in money. Your local bank, insurance companies, real estate, investment advisor are just a few examples. + +* Never go to any operation that charges you to wait in line. Disney is a prime example. + +* Banks, in general, are dangerous for your wealth. They almost always charge more for a service than you can get from another source. T-bills, mortgage loans, savings are just some of the things that leap to mind. + +* Don’t do business with disturbed people or organizations. Run don’t walk away from these situations. Confusion, misinformation, bait-and-switch, deliberate misrepresentation are common signals. + +* Cash is king. There are many transactions that are cheaper when cash is exchanged. Some examples are, auto gas, retail transactions where cash discounts are available from many retailer’s. Buyer beware at swap meet, garage sales and similar cash arenas. Be careful how you display cash as there are risks in the cash arenas. Many of the people are the baby boomer drop outs from the 60’s with the morals of a potato. + +* Credit cards are a marvelous vehicle when used for your advantage. Never for borrowing. + +* Always pay off your credit card balance 100% every month. Avoid any purchase that can’t be paid off. + +* Nothing is for free! All free offers disguise what you must pay for the product be it in your time or other effort that is the hook in the equation. When anyone says or prints a free offer, throw it away it is bound to cost you. Rebates are often dishonest. + +* Try to purchase your car for cash. It’s the first car that’s the hardest and all subsequent purchases are relatively simple especially if you put aside a small sum every month. If you must borrow money for a car then one strategy is to use money from home equity. The goal here is to minimize loan costs and maximize tax deductibility. Auto loans are expensive compared to home loans and analysis is a must. Almost all vehicles cost at least $0.50/mile to operate so think about it when you are just driving around since a 20 mile trip costs $10.00. + +* Don’t give away your money! There are armies of people and organizations that have there hands out and a long story about how they can spend your money much better than you can. I have found that if you can’t find a good investment then spend the excess on your family. There is only one situation where this rule may be ignored and that is when your donation is in your self interest and not to further other peoples / organizations agendas. + +{political comment removed at suggestion of mod} + +* Don’t loan money to your friends or family. If you must, then give it to them. There’s no faster way to loose friends than to lend them money. If you lend them money and they can’t pay it back on time they will avoid you like the plague. Never a borrower nor a lender be... grandma and Shakespeare were right. + +* Real Estate has proven to be my best investment by far with the appreciation in value being the major driver. Don’t buy a house that has anything odd about it. Buy a house that is just like all the homes in that neighborhood. My current house, occupied for 10 years, was purchased for $150K and it’s estimated selling price is $500K. This $35K appreciation per year is how wealth is accumulated. + +* Remember there is more crime per capita in financial institutions than there is in the general populace, by a very large margin. Current problems '08/'09 demonstrate this on a massive scale. Risk taking by most large financial institutions will cost the tax payer at least 2.5 trillion dollars and probably much more. The government continues to bail them out. These are the people who produce nothing and gamble, it appears, with your tax dollars. + +* Anything that is advertised nationally is overpriced. + +* Vacations – These are places where you pay to wait in line with a large crowd of sweaty people with small children who are not pleased to be there. My favorite is to stay at home where all your interests, books, hobbies and music are right at your fingertips. Most vacation spots are designed to separate you from as much money as you will tolerate in crowded conditions that you wouldn’t dream of accepting under any other circumstances. High priced poor quality food is usually part of this package. Think of an airport. + +* Entertainment is designed for 13 year olds. Thirteen is an age where children are not very sophisticated. Let me make it clear, they are truly ignorant about what is going on. You can’t convince them that the junk that comes out of the entertainment establishment that is cool, hip in almost all cases it impairs their future performance with the really important decisions. Poor performance in life is directly traceable to the emphasis on what you feel rather than analysis and what you know or can deduce. Truth is not a choice it just is. + +* Remember the six P’s: Piss poor performance is based on piss poor planning. This seems to be obvious however experience has shown that planning is not a strong point in our educational establishment. Planning appears as a mainstay of business rather than in personal life. Think about what you want to do and put it in writing. I can’t stress how important this is. The act of writing tends to clarify your thoughts and make you think about a subject and define the what ,when where and why. A cost / benefit analysis will always pay off. Planning is a good thing. + +* Insurance: Every major insurer has been indicted and paid huge fines . This is something you need, however, think long and hard about what you are trying to insure against. What risks do you need to protect yourself from. This is the most overpriced product on the market. Shop hard. Never use insurance as a savings plan. + + * Auto: Required in most states. Evaluate how much risk you can accept , ie how low your premium can be. Smaller risk by the insurance company equates to lower premiums for the customer. All insurers would prefer no risk on any policy and their actuaries try to arrange this. Remember this is a huge commission business where most of your premium is not paid out for risks taken. + + * House: Homeowners Insurance. Fire and liability. I only carry fire insurance. Often required by your mortgage company if you have less than 20% down and is almost always overpriced, a form of theft leaps to mind. + + * Recent rate increases and limitations on coverage, ie will not cover specific areas of the country for specific kinds of damage, indicate to me that these companies assume no risk and that the full burden of both liability and commissions is paid for by the customer. One wonders if self insurance should be an option similar to many large businesses. + + * Life: If you are married with small children then term insurance seems appropriate and all other varieties are a waste of money. + +* Do not co-sign on a loan for anyone. This is one of the stupidest things you can do in the financial arena. Lending institutions use this technique to try to fob off the risks of lending money. The lender has already evaluated the lendee as a loser and wants someone to accept responsibility for the losers loan. + +{political comment removed at suggestion of mod} + +* Auto – Do not lend your auto to anyone. Liability! +The down side is massive liability risk. There is no upside except being a good guy. This is not a good cost / benefit situation where the costs could be huge and there is no tangible benefit. Family members may be an exception. + +Edits: removed political comments at suggestion of mod. + +---- + +Edit2: Thanks to all for the Reddit love, insightful comments, and (bless you anonymous donor) gold. + +I appreciation, I am including bonus advice I have received verbally over the years: + +* Son, never, not even in jest, suggest that you put the crying child in the garage overnight. +* Leave the drunk driving to the pros. +* In an exit interview, always insist that the HR person puts this note in your record: "I can say I have never worked with a finer group of people in my entire professional career". +Just thought I’d put this up for a debate. Has any body thought about banking on your inflated equity and going to rent for a while? + +Nobody can time the market so IMO it’s a huge gamble. I’m against it as if the market keeps going up for let’s say two years, you potentially send up a chunk of what you had and could end up falling behind and struggling to get back on. + +I hope to hear other people perspectives + +Thanks +# Warning: Bearish DD + +So I made some DD recently, but I don't dare post it on WSB (they will call me a permabear and a fag) so I thought what the hell, I will post it to r/stonkmarket. + +For the past nine years, the equities market has seen one of the best percent gains since the Bull Market of 1948-1969. Corporate taxes are low, GDP growth is strong, and joblessness well below the Natural Rate of Unemployment (NRU). + +However, quite a few ratios, economic data, and past performances are pointing to the conclusion that this bull market is close to its conclusion. For all data, I will be using the S&P 500 Index. Sorry Dow Jones and Nasdaq. Nobody loves you (well I love Nasdaq fuck Dow). + +**Buffet Indicator** + +Not to be confused with the Buffet Rule, the Buffet Indicator compares the Total Market Capitalization (Market Cap) of the stock market divided by the Total GDP. + +|Ratio = Total Market Cap / GDP|Valuation| +|:-|:-| +|Ratio < 50%|Significantly Undervalued| +|50% < Ratio < 75%|Modestly Undervalued| +|75% < Ratio < 90%|Fair Valued| +|90% < Ratio < 115%|Modestly Overvalued| +|Ratio > 115%|Significantly Overvalued| + +As of 8/1/18, the Total Market Cap is 142.8% more than the total GDP. This indicates a significantly overvalued market. In 2000, one of the most notorious bubbles, the total market capped topped out at 148.5% of GDP. The 2009 lead up, had a top valuation of 110.7%. For the past 20 years, the market has reacted to an overvalued market by returning to a “Fairly Valued” TMC to GDP ratio. After the tech bubble burst, the market went from a high of 148.5% to a low of 75.2%, a decrease of almost half. With the current market approaching former tech bubble numbers, a bear market does not seem far off. + +**Buffet Indicator Graphs** + +(images aren't allowed in r/stockmarket)? alright I guess ill imgur it but boo. + +[https://imgur.com/D9rxwUe](https://imgur.com/D9rxwUe) + +The past 50 years of the Buffet Indicator. Notice 2000 and 2008. + +[https://imgur.com/E8AteXj](https://imgur.com/E8AteXj) + +29.3 Trillion in Total Market Cap vs. 20.4 Trillion in GDP. + +**Shiller P/E Ratio** + +The Shiller P/E Ratio is a better measure of valuation than normal P/E. It accounts for the fluctuations of inflation due to the business cycle, therefore providing a more accurate picture of the true value of the security. Thankfully, there is a plethora of data surrounding the Shiller P/E ratio, all the way back to 1890. + +Shiller P/E Ratio over the past 120\~ Years. + +[https://imgur.com/bpsHBQ1](https://imgur.com/bpsHBQ1) + +The grey bars mark U.S Recessions. Note 1929, 2001, and 2008. + +MEAN: 16.9 (We are currently 53% above the mean, indicating an overvalued market.) + +MIN: 4.78 (DEC 1920) + +MAX: 44.19 (Dec 1999) + +RANGE: 39.41 + +**Price To Sales (Revenue) Ratio** + +The Price to Sales Ratio (PSR), like the P/E ratio, is a way of measuring value. Instead of comparing a company’s price to earnings, it compares a company’s stock price to its revenues. + +|Price/Revenue Per Share|PSR Valuation| +|:-|:-| +|PSR= 0-1|Undervalued| +|PSR= 1-2|Fairly Valued| +|PSR= 2-3|Overvalued| +|PSR= 3+|Significantly Overvalued| + +The current for the S&P500 is 2.23, and at the height of the tech bubble, 2.44, indicating overvaluation. The chart below shows that until the late 90s, P/S never topped 1.3. + +S&P500 Price to Sales 1955-2006 + +[https://imgur.com/QbfwTTI](https://imgur.com/QbfwTTI) + +S&P 500 by Deciles 1986-Present + +[https://imgur.com/a/vgHvy3j](https://imgur.com/a/vgHvy3j) + +The graph above shows the S&P grouped into deciles (each of ten equal groups into which a population can be divided according to the distribution of values of a particular variable (in this case Price to Sales Ratio)). Decile 10 shows that extreme speculation, especially in 2000, is centered on a fraction of stocks; in case of 2000 those stocks were tech. Currently, with the exception of Decile 10, the S&P is the most overvalued it has ever been. + +**Yield Curve** + +Now we move away from the fun world of ratios and into the world of monetary policy. The Yield Curve is the curve of maturity and interest rates. It is a crucial market sentiment indicator about the future of the economy. + +The normal yield curve shows that the shorter the maturity, the lower the yield. + +[https://imgur.com/FLrnWJ4](https://imgur.com/FLrnWJ4) + +The flat yield curve indicates a transition from an expansion to a downturn. Shorter maturities have the same yields as the + +longer maturities. + +[https://imgur.com/55oabKn](https://imgur.com/55oabKn) + +The Inverted Yield Curve is a strong indicator of coming recession. Shorter maturities have higher yields than longer maturities. + +[https://imgur.com/IqJsAOL](https://imgur.com/IqJsAOL) + +We are currently in a flat yield curve. + +**Bull Exhaustion** Bull exhaustion, a rapid rise in stock followed by a tail off called an exhaustion gap. Bull exhaustion is common during the peak of the bull market, and is a indication of a slowdown. This can be clearly seen in the correction in early February. + +[https://imgur.com/b853lLx](https://imgur.com/b853lLx) + +The failure of the market to recover to its previous high (it has been 6 months, and the S&P hasn't recovered fully yet), combined with the low volume over the past few months, shows clear symptoms of Bull exhaustion. + +**Dow Theory (the Public)** + +Dow Theory is an one hundred year old theory about the stock market written by Charles H. Dow (the Dow in Dow Jones). While some of it isn’t relevant anymore (the reliance of railroads indicating trends) a lot of it still is relevant. The “Market Trends” part of Dow Theory is still particular relevant, especially in the realm of behavioral economics. Dow Theory states that there are three trends to the bull/bear cycle. + +1. Accumulation Phase + +a. In the beginning of the bull market “In the know” investors with a long-term outlook, and buy and hold. + +2. Public Participation Phase + +a. The Public and amateur investors join into the market. The uptrend becomes more obvious. + +3. Distribution Phase + +a. The final stage of the bull market. The “in the know” investors cash out, amateurs continue to join. Rampant speculation ensues. The market enters a downtrend. One of the trends I can definitely see today is the speculating public. Amateur “investors” through apps like Robinhood can now easily speculate with options and margin. + +[https://imgur.com/pCIZCMl](https://imgur.com/pCIZCMl) + +I believe we are in either late Public Participation Phase, or very early Distribution phase. + +Anyway. Draw your own conclusions. This is my first DD. Feedback and criticism is welcome. + +# TL;DR + +Sell everything, the stonk market is gonna crash /s + +Edit: will consider posting to wsb, but I won’t be surprised if I get yeeted on. +I had a high paying job as a chemical engineer, but hated everything about it. I was competent and accurate in everything I did, and I was good at it. But I hated everything about the job, what it did to me mentally, physically, and emotionally, and just couldn't do it anymore. I quit on a whim and now I'm a janitor at a grocery store, but I'm happier than I've ever been. The loss in salary is a pretty heavy hit, but I'm trying to find the positive in what I did. Please, tell me I'm not stupid in doing what I did. Or if it was a stupid move, tell me that. I'm trying to make sense of my impulsive decision. + +Edit: Thanks for all the support and debate everyone! First, I didn't necessarily quit on a whim. There was a good two or three month period that I debated quitting, and one night I got yet another email from yet another person that couldn't do their job, and I made up my mind right then and there. I had a good amount saved, so quitting wasn't going to cripple me financially. I gave up very good health care and benefits, but now that I sleep during regular human hours, and I'm not emotionally drained after twelve hour shifts, I don't need the awesome health care plan as much. + +As for everyone that believes I'm an idiot, I don't really give a shit what you think to be honest (I do. I totally care, but I'm trying to sound tough). I'm going to culinary school, I'm passionate about creating awesome food. Yes, I worked hard for the job I had, but what's the point of spending 60% of my life sitting at a desk, and another 30% sleeping? I'd like more than 10% of my life to myself. I'm a different person after the decision. I'm happy for once, and I honestly didn't think that was a possibility. + +As for the other financial info, here goes: I have a $7k loan out for a car. That's it. I have rent to pay and food to buy. I have the savings to go back to school and not think about running my car into the freeway median every time I go to and from work. I realize this is personal finance, and this post may not be about the actual money side of things, but this subreddit has given me good advice in the past, and why I wouldn't I want to hear from the toughest critics? + +EDIT 2: Yes, I definitely posted this in the wrong sub. I wasn't sure which sub would be best, but at the time I was writing it out, it was a personal finance concern. +I have a Ph.D.; some people might call me a data scientist; and I work in a field where we occasionally consider using convolutional neural networks. + +Machine learning has been around a long time, and there have only been the typical, incremental improvements. The only thing that's really changed in the past 10 years is that the hardware has gotten faster, allowing people to tackle slightly more complex problems. + +What makes this such area so ripe for investment all of the sudden? + +**edit:** Engineers, I don't need you to tell me why machine learning is useful or why I'm wrong about incremental change. I want to know what the investors think. That's why I asked the question here. +As the title said I lost 42k ICN tokens (around 100k USD) +A month ago I was withdrawing the tokens from Kraken to my Ledger Nano S, but Kraken kept being buggy or not allowing withdrawals for many hours. +Then for a fraction of time withdrawals worked and being frustrated I rushed, my bad, and copy pasted the wrong address. + +The address I sent my 42k ICN to was my BAT deposit address on Bittrex, and I still have no replies from their support on the possibility to recover my funds even if it’s technically possible (ICN and BAT are both ERC-20 tokens) +It’s not 1k or 10k, it’s 100k usd and it seems absurd to me that an exchange can just keep the present and not reply, they can just pretend a higher recovery fee. + +The support team doesn’t reply since a month. + +Anybody experienced similar problems and found a way to solve them? +Any Bittrex support on Reddit I can get in touch with? + +It’s an incredibly relevant chunk of money for me, that I’m leaving on their table. Any suggestion welcome, thanks +Finally reached my FIRE number, but due to the complications of the current COVID situation, decided to stay at work keeping a holding pattern until things get resolved. I am sharing this information here because I rather not talk about it with family and friends for obvious reasons. + +To be specific about the reason for the delay, SO and I are holders of the MM2H (Malaysia My Second Home) retirement VISA that we applied for a few years ago. Our plan is to retire and settle in the island of Penang, which is the second largest urban center in Malaysia and about 4 hours drive from Kuala Lumpur. However, because of COVID, any non-citizen trying to go in has to file a lot of paperwork and subject themselves to an expensive and very strict 14 day quarantine in a government designated hotel, and you cannot leave your room for any reason during these 14 days. Plus, as of right now, everyone in Malaysia is under severe movement restrictions. Because of that, I've decide that there is little benefit leaving right now and that we'll be better off keeping the status quo, collecting a steady paycheck and pulling the plug once the situation becomes a little more normal. We hope that with vaccines rolling out worldwide, things should be somewhat close to normal by the end of the year. If that assumption holds, I will be quitting my job then. Before you ask: Yes, we have been to Malaysia. Several times, actually. So we know what we are getting into. + +A little bit about ourselves. + +\- SO and I are in our early 40s, with no dependents. We both immigrated to the US when we were teens and met at a local 3rd tier, accepts almost anyone, state university that you probably never heard of. + +\- I work for a FAANG, but on the marketing side. SO stays at home. Total annual compensation is around $400K (salary + bonus + equity). We current live in a VHCOL area. + +\- We rented our entire lives and plan on continue to do so after retirement. We have no real estate investments and no plans on acquiring any real estate in the future. Nothing against it, just not our thing. + +\- $4M total in assets, mostly in VTSAX and VTIAX. About $3M in a taxable account and the rest in a 401K and Roth IRA. + +\- Did not invest a single dime in crypto. Ever. I understand blockchain and its benefits, but I do not understand the value of cryptocurrencies as investment vehicle. Maybe I just too old and stupid to grasp it. But I congratulate everyone who got on the bandwagon early and made it big. You saw something I could not and still can't, so kudos to you. + +We plan on living on \~$45K year in Malaysia. This would get us a luxury condo by the beach, platinum health coverage, plus a quite comfortable overall lifestyle with 1Gbs fiber home internet, generous groceries, budget to eat out, go to events, and the occasional travel. + +Running the numbers, I think I might be able to live off dividends, even though that was not the original plan. We were originally planning a 3% SWR, but after visiting Malaysia, we realized that this might be overkill. The dividends alone from our Vanguard funds should be more than enough to finance our lifestyle. This will also means that I will not need to worry about the ups and downs of the stock market, which I find to be quite liberating. + +To be clear, I am NOT advocating for a dividend investment strategy and we never adopted one ourselves. I only pointing out that for our particular case, we came to the realization later in the journey that dividends might be enough to pay for our needs. + +&#x200B; + +Happy to answer any questions, but will refrain from sharing any details that might help identify us. + +&#x200B; + +EDIT: If you want to know more about Penang and how life is there, [watch this](https://youtu.be/n_uJcAkX-SA). +I feel like a complete idiot. I FOMO'd in seeing all the people make gains and bought some calls right before the FED meeting. I'm down approximately 40% at this moment. NOOB moment, AMA. +Hey SS. + + I will not mention the ticker. It has nothing to do with GME, nor is this a suggestion that they'd do this to our beloved stonk. + +What I want you to be aware of though is how important DRSing your shares absolutely is. In our ticker, we were due for a squeeze due to the stock being delisted entirely and moving into a private ticker for the sale of an oil field. + +The choice was: Sell during a squeeze (of course, hedgies gon' hedge and illegally traded it to the tune of ridiculous naked numbers as they tend to do) or hold for the private ticker and sale of the assets. + +THE CHOICE BELONGED TO THE INVESTOR. + +Nope. Finra simply DELETED the ticker today without warning and said "due to extraordinary circumstances involving this stock we are removing it from trading". + +Notices from the DTCC went out giving dates that trading would be allowed, through the date of delisting, and people invested money. Then they woke up today and got "surprise, Finra doesnt want that, a squeeze will hurt hedgie feelings, so, deleted." They took the choice away from investors to prevent consequences to irreponsible shorts. + +That cannot happen if shares are in your name. I have been holding GME for two years, all of my shares are DRSed. Other than GME, this was a canary in the coal mine for me. GME is the only stock I will hold from here out. It is not a free and fair market whatsoever. If hedgie gets in trouble, they protect them. DRS your shares, in Cohen we trust, and I pray one day we move to a blockchain. These people will do anything to screw retail. + +I just saw today what happens when they are within the grasp of criminals. They refuse to lose and they simply cheat. That cannot happen if you are the custodian of your shares. + +DRS. + +Do it today. Absolutely financial advise. Ask the rest of us who just lost everything in that other ticker. Poof gone. Because it was in their hands, not ours. + +D. +R. +S. + +That is all. Power to the players forever. +A government job that will pay me 40% more but I will be fixed to this place forever and won't be able to move, can only resign! + +I can take that job now in my city with less pay but it's the city I always assumed I am going to spend my life in. +I don't see the point of a savings account in regular banks. The interest rate is so low and there are transfer restrictions in place. We could just keep our money in high-yield savings accounts offered by online banks or invest it in a brokerage account. Maybe I should just close these low-interest savings account and only keep the checking accounts. +My portfolio was already 50/50 BTC/ETH. I love Bitcoin, but I'm getting anxiety holding it. + +There's just so much you can do with Ethereum. I've been trading using dex smart contracts, buying art, getting loans to finance my business. 24/7 without any middle man. I feel lazy holding BTC. By holding ETH, at least I can park it in a smart contract and help the community. + +Maybe this is a bad bet, but at least my anxiety is gone. + + +# TLDR; SPAC crackdowns are directly related and impacting MMs and Hedgefunds like Citadel. Ken Griffin has a company called Pine Island Capital Partners and Pine Island Acquisition Company. Pine Island got delisted in May by the SEC for financial filings and misrepresentation of their warrants . Pine Island also bragged about being able to profit off of Covid. + +At face value it seems that the SEC has not only had it’s head in the sand, but that when it’s head wasn’t in the sand it was going in all the wrong directions. Back when information about SPACs getting cracked down on I remember folks questioning why in the hell they were going after SPACs when in reality there was major market manipulation elsewhere. + +So. Why in the hell would they go after SPACs? + +Because there are SPACs owned by MMs and Hedgies, many like Citadel and Ken, who are fucking over the economy in their own right. + +Last night I did some digging and found another spinoff company of Ken’s. It’s called Pine Island Capital Partners and thus Pine Island Acquisition Company. + +&#x200B; + +Here is the 13G That goes into detail regarding this being their company: + +[https://www.sec.gov/Archives/edgar/data/1423053/000110465920130010/tm2037217d1\_sc13g.htm](https://www.sec.gov/Archives/edgar/data/1423053/000110465920130010/tm2037217d1_sc13g.htm) + +&#x200B; + +PAY ATTENTION HERE: + +Each Citadel listed is a different company of Ken’s. Each owning...6.9 ;) + +&#x200B; + +https://preview.redd.it/t9va4hk1hjf71.jpg?width=1904&format=pjpg&auto=webp&s=cbe572b28f116776ceabda0df4550b35cfa20f71 + +&#x200B; + +Pine Island is a company that is described as being a company that focuses on defense contracting. This could easily mean something regarding contractors working alongside the military. However it could also mean defense in the sense of warding off covid. Which is precisely what it is. + +[Firm Tied to Biden Contenders Tony Blinken, Lloyd Austin, Michele Flournoy Looks to Cash In On COVID Response (thedailybeast.com)](https://www.thedailybeast.com/firm-tied-to-biden-contenders-tony-blinken-lloyd-austin-michele-flournoy-looks-to-cash-in-on-covid-response) + +&#x200B; + +Pine Island has ties to many within the Biden Cabinet such as Blinken and Flournoy. While I’m not sure exactly \*what\* this company does regarding covid, it’s defense contracting plan is aligned with doing what they deem to be making money off of their unique knowledge and position and ability to exploit the situation. + +&#x200B; + +https://preview.redd.it/9t2akbr8hjf71.jpg?width=1387&format=pjpg&auto=webp&s=8e15bc400445f4619e58cc4a1d6adc7cc21d1860 + +&#x200B; + +https://preview.redd.it/g8ivewp9hjf71.jpg?width=1919&format=pjpg&auto=webp&s=4b0f9f517c55b1c4ffc8ca730af58159c81303fa + +&#x200B; + +&#x200B; + +# How this relates to the SPAC crackdown + +Pine Island (Both Capital Partners and the Acquisition business) are listed as being located in Deleware and Ft. Lauderdale (Ken’s stomping grounds. Go check my aviation logs of his Bombardier). + +Back in November a financial statement audit was done regarding this company. It also sheds light on certain agreements regarding warrants that can be moved and when. + +&#x200B; + +https://preview.redd.it/3zds1slphjf71.jpg?width=1916&format=pjpg&auto=webp&s=2c5b979f7f819fb0763abace8d10d184ae60f7df + +[https://www.sec.gov/Archives/edgar/data/1822835/000110465920129527/tm2037104d1\_ex99-1.htm](https://www.sec.gov/Archives/edgar/data/1822835/000110465920129527/tm2037104d1_ex99-1.htm) + +In May they were delisted for failing to provide their financial filings. It was also stated by the SEC that they needed to amend regulations regarding their warrants. + +[https://www.sec.gov/Archives/edgar/data/1822835/000110465920131022/tm2037182d1\_ex99-1.htm](https://www.sec.gov/Archives/edgar/data/1822835/000110465920131022/tm2037182d1_ex99-1.htm) + +[Pine Island Acquisition Corp. Announces Receipt of Continued Listing Notice From NYSE Relating to the Impact of Recent SEC Guidance on Accounting for Warrants :: Pine Island Acquisition Corp. (PIPP)](https://www.pineislandac.com/news/press-releases/detail/4/pine-island-acquisition-corp-announces-receipt-of) + +&#x200B; + +&#x200B; + +https://preview.redd.it/cizxlkushjf71.jpg?width=1918&format=pjpg&auto=webp&s=a9ca1512d951194743aed27df701275eb83ed59f + +&#x200B; + +&#x200B; + +&#x200B; + +Remember how there has been information circulating regarding Bank of America and Citadel? Well it looks like they have seen where their clients were significantly impacted by this crackdown. + +https://preview.redd.it/j3zua87fhjf71.jpg?width=1920&format=pjpg&auto=webp&s=fef6a52e6a002c2b590c7d22bb7f5d52be85fb52 + +&#x200B; + +&#x200B; + +Hold on tight. What seems to have been the SEC going on wild goose chases that were unrelated are, in fact, completely related. Everything related to the markets is related to GME. Especially when they are in the hands of Ken Griffin via Citadel and are being delisted by the SEC. +Of the four posted in the title, I like them all for different reasons. Would love to hear how this group would rank them for my next PMCC play. + +FYI - my system that I try to stick to right now is to buy Jan ‘23 LEAPS at .75-.80 delta. Sell next monthly call with DTE between 30-45 with a delta between .2-.3 + +If this doesn’t belong in this sub, happy to move it somewhere else. +About 2.5 months ago I posted the results of my first 30 days of theta "based" trading. That post can be found here: [https://www.reddit.com/r/thetagang/comments/isv3rc/my\_first\_30\_days\_of\_theta\_focused\_trading/](https://www.reddit.com/r/thetagang/comments/isv3rc/my_first_30_days_of_theta_focused_trading/) + +**What I learned based on comments from that post:** + +1. Put Credit Spreads aren't nearly as much of a theta play as they are capitalizing on vega. I still maintain they are a good way for small accounts to rely on selling premium, but there is just so much premium lost by buying back the long put. +2. Commission is high. I knew this going into the post but it was the top rated comment. +3. I had a lost of positions to manage. This was fine at the beginning, but is more difficult once life starts to get in the way... + +**Changes I have made since that post:** + +1. I hardly sell any put credit spreads anymore. With the ups and downs of this market, I do not like carrying positions where I can lose the entire position; even if it is small I had too much invested in positions where I lose the entire $. Spreads are also more difficult to roll. +2. I now only sell puts and dabble in stocks. + +**Results:** + +1. Including the results from my last post, I have a earned a 43% return since my first trading day on August 3rd. The below screenshots show various statistics. +2. After my first 30 days, commission accounted for 10.77% of my total profit. Now that I am making a lower quantity of trades with higher dollar value, commission accounts for 3.7% of my total profit. This is still somewhat inflated from a high quantity of put credit spreads back in September, but is continually decreasing. My commission accounts for less than 1% of trades in November. + +**Going Forward:**Please comment with any questions and I will answer every one fully. More importantly, I'd really like some constructive criticism on how to improve or what I am doing poorly. Trading is not a 0 sum game; we can collectively increase our ability to earn great returns! + +Cumulative Return[https://imgur.com/a/UfMFQ1p](https://imgur.com/a/UfMFQ1p) + +General Statistics:[https://imgur.com/a/2wo4OqX](https://imgur.com/a/2wo4OqX) + +EDIT 1: I am an open source type of person, so here are my top 30 trades by P/L (% of Total). +Top 1-30 [https://imgur.com/a/reTj52Z](https://imgur.com/a/reTj52Z) +To express my gratitude and appreciation to The Theta Gang, I have built out the spreadsheet from [u/ScottishTrader](https://www.reddit.com/user/ScottishTrader/)'s [post](https://www.reddit.com/r/options/comments/a36k4j/the_wheel_aka_triple_income_strategy_explained/) on how to wheel. Additionally, I have included fields such as expiration date, DTE, P&L as a $ amount, P&L as a %, and the current option price. + +There'll be a tab where you can easily have your options data populated! Still working out the kinks and will type up instructions and known issues. + +If there are any other features you'd like to see to help you wheel better, please let me know. + +&#x200B; + +Edit: [Here's](https://www.reddit.com/r/thetagang/comments/isbyr5/beta_triple_income_strategy_the_wheel_tracking_pl/) the new post +[Original post here](https://www.reddit.com/r/personalfinance/comments/51qbc5/i_dont_know_what_to_do_anymore/?st=IWSJL9NH&sh=b83a6b11) + + +Hi r/personalfinance! I wanted to update everyone on my situation and take time to thank everyone who helped us get to where we are now. + +I sat my husband down and had a long talk with him about how his spending was out of control and unacceptable. He agreed and started taking classes at the VA for stress management. This helped tremendously! They taught him not to use money as a coping mechanism. + +I made a compromise with him on the video games: instead of him spending $200 every month on the next new game, we paid for a Gamefly subscription and now he can play as many games as he wants and I'm only paying around $10 a month. He stopped spending frivolously and has started working as much as possible. + +We are current on rent for the second month in a row and all bills are paid up! We have been able buy groceries every paycheck without worrying and we even had enough this check to get some gifts and decorations for Christmas. + +We have a very strict spending rule: no charges to the card over $20 without checking in. We each get $20 each paycheck to buy whatever we want. + +Things are awesome now, thanks to all of your advice! +The Buy Nothing project has literally changed my life. We have gotten a full sized (not broken) trampoline, a playhouse with a swing set, free food, kids shoes and cleats, specific toys, etc. and giving has been a fantastic way to clean out my extra stuff. I highly recommend it. +Hi guys just wondering your thoughts on Hershey stock? Dividend is .90 a share 2.06% Yield. I feel like everyone buys chocolate should be a big long term for a portfolio. +https://np.reddit.com/r/CoinBase/comments/6c6hrx/fee_increases_for_small_transactions/ + +https://community.coinbase.com/t/can-we-talk-about-the-unannounced-fee-structure-increase/15099 +My partner and I are currently purchasing a property in Brisbane, where the average cost of similar houses in the area we are looking for is in the $700,000’s to $775,000s. We organised a private viewing on the same day the property was advertised and were the first to view the property and the first open house is tomorrow. + +We made an offer of $752,000 without subject to building and pest as our friend who has years of construction experience was able to view the house and give us the all clear. The real estate agent said the seller was happy to proceed, and that he would sort out the contract. Now it’s two days later and the real estate agent called me and said that he has another buyer who has offered $780,000 (he says he’s not supposed to tell me this) with the same conditions, but also without a cooling off period. He said if we can match or come within $5k of the offer and match the conditions, the seller is happy to proceed with our offer. He gave me this story about how he doesn’t like the other couple as much as he likes us, and he told the owner he would much rather be dealing with us. He seems like a genuinely nice guy, but I also understand his job is to make you his friend and milk as much money as he can out of you. + +I’ve talked to my friend who’s in construction and he said this is a common tactic REA’s will use. My partner spoke to my lawyer and said removing the cooling off adds no benefit for the seller and does not make an offer more enticing. He also said that his story is bullshit and that all he cares about is commission. + +My plan is to return an offer of $760,000 and no more, with the same conditions in place and our normal cooling off period. + +Is this real estate agent trying to milk more money out of us? Is this a phantom bidder? The property market as you know is very competitive, so there’s a chance there is another bidder. + +Edit: made an offer of $760,000 and unfortunately the seller has gone with the higher offer. Looks like it wasn’t a phantom bid. I guess he really did like us 😂 Onto the next! +I think this was planned this way, Monday being Labor day, is a bank holiday and we cannot trade on it, but we can still see Margin Calls on Monday, we won't be able to Interact with them. This seems to have been done Specifically. If you need proof of the 3rd 250k requirements, check out charlies vids, There is misinformation it was going into effect on the 1st. +My wife and I have about $40k set aside for an emergency fund. We want to start moving it into I bonds. Should we each just buy a $10k bond or a bunch of smaller ones? And then next year do the same. Our goal is to basically have all of it in I bonds and be able to use it as we need, if we need. +I know most people wouldn't believe me and hate, try tosay its impossible and say I would become a billionaire at this rate etc, but there is just not enough liquidity, yes I can make a lot of money but up to a point when liquidity is limited and slippage would occur. + +I risked around 3% per trade, average reward would be 4-5 times my losses and won around 70% of my trades, very rarely had a losing week. + +I just want every single one of you grinding to know that it is possible, the starting is very slow, I recomend using a higher balance as starting out, 5 figures would be nice. But it's doable. + +WORK ON YOUR PSYCHOLOGY!! If not no matter how much work you put into your strategy, you can't pull it off. I've spent around 1.5 studying, at least 8 hours a day, for that amount of time, before I became profitable, read every single psychology book I could find, tested every strategy one by one, it felt like shit some days, but I had a dream and it was to get rich, I'm not rich yet, but am confident I can retire in a few years. + +And no, I do not risk more than 3% on a single trade so don't say I'm risking too much etc. + +What I did is definitely not an incredible feat, a ton of people have done it but very rarely you get them to talk about it, or they couldn't be bothered to post in random forums, they would get shoot down anyway right? But here and there, there are a few. +Free meals are being being served at NYC schools during the shutdown. Available to anyone, no ID or registration needed. Here’s where to find a school near you: + +https://www.opt-osfns.org/schoolfoodny/meals/default.aspx + +Here is some more general info: + +https://www.schools.nyc.gov/freemeals + +Stay safe everyone! +Im relatively new to day trading the correct way… I blew up my first account thinking trading was easy in back in Jan of 2020. You could basically trade blindfolded and do well. I had tremendous success at first but it quickly went down hill. + +I have since started over and have significantly improved. I now realize I wouldn’t have done over 90% of trades I was making back then. I had no strategy, absolutely 0 TA + +What advice would you give yourself in your early days of trading? +I mean, which do you prefer and why? Did you start with one and found out another was better (for you)? + +I started with Stocks while I studied the piss out of Options which is what I do now. + +It’s a pretty straightforward question I think but the auto mod said I didn’t put in any effort so I’m just typing to type. The question above is all that was important to me. + +TL;DR Just read the first part. +Went to the dentist yesterday and got a receipt for £115. + +- £90 for a filling +- £25 COVID surcharge + +So, my (many) question is, what’s a covid surcharge? is this legal? Tacking on a random charge? Anyone else experienced this? Is there a way to avoid it? What’s next? Flu surcharge? +Vitalik Buterin is coming out against a proposal that would find the blockchain he created changing its software to limit the performance of mining hardware designed to yield a greater cut of the network's rewards.[www.coindesk.com](https://www.coindesk.com/no-action-vitalik-opposes-plan-disable-ethereum-asics/amp/) +I know it's probably a very beginner economics question for most people, but I really don't know the answer as I'm just getting into basic economics myself. + +I always read about how inflation will make money in the future worth less than in the present time (at an average rate of 3% a year), which I understand, but what exactly stops a currency from becoming totally worthless (assuming we're talking about a peaceful, stable nation)? Do deflationary periods last long enough to let a currency rebound, or is it just up to the government (or the Fed I guess) to keep inflation in check at all times? Just looking for a little more expansion on the common concepts I keep seeing in various articles/books. +I thought it would be a good question to ask, to see what people are actually using in their algos and what they are able to get away with. I have been trying to use a 1 minute chart and it is admittedly quite difficult. For me getting the frequency of signals down is very important because the fees in crypto are so high, whereas high frequency versions of my algos, that are frankly not as good and quite a bit more sloppy would work fine on regulated futures commodities where the fees are very very low comparably. Different situations require different needs for frequency, I thought it was a good idea to canvas an algo building community. +He has 8 videos out right now each about 2 hours long and I found them very informative on finance concepts and company valuation. + +https://www.youtube.com/watch?v=ARrNYyJEnFI +Norwegian ape here with GME YOLO + +Just read a newsarticle that our dearest Kenneth Griffin had to abandon his short positions on a Norwegian gas freighter company Flex LNG. + +Any thoughts on what this could mean appreciated, link to article in comments! + +&#x200B; + +https://preview.redd.it/xm5nn8n55it61.png?width=1313&format=png&auto=webp&s=fed87b2029f64700afc4e1cbb47f6a99066ad3c5 +There's a development going up near by me soon that I'm pretty interested in, however I'm pretty sure (based on the architectural drawings) that they intend to use single glazed windows. + +I suspect with enough $$$ developers will basically do whatever you want, but was hoping someone has some experience with working with a property developer to modify the "plan" +I'm in TN and my tenant wants a new lease but he would like a clause to be able to break it if codes becomes an issue. +I do not have a problem with this but I'm curious is there any legality behind doing it I should be concerned with. +I plan on going to the local lawyer to have them draw up the lease +**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. A background summary is offered in the final section and repeated every month. Please check there to find answers to potential questions. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772 with a withdrawal rate of no more than 3% ($30,773 per year in 2017 dollars). I have decided to recalculate a new 3% withdrawal rate maximum value at the end of each year based on the new year-end balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $30k/yr withdrawal until the market recovers. I realize that this is not how your holy Trinity works, but since 3% is well within historically safe territory for indefinite portfolio survival, and since our withdrawal rate has actually averaged below 2% thus far due to additional income, we have some flexibility. Side Question: Does this spending model already exist, or am I required to name it as its creator? + +**Spending**: Living expenses for the month ($4092) were $1528 over the 2017 monthly targeted amount of $2564. Our spending was 59.5% over budget for the month, now 16.2% over for the year. We generated $792 of income from my wife's part-time fun job at the library and some of my old book royalties. Our investment withdrawal was $3300 this month, thus our pro-rated annual withdrawal rate is 3.66% for the month and 2.19% for the year. Without the additional income stream, our pro-rated annual withdrawal rate would have been 4.79% for the month and 3.49% for the year. + +**Investments**: The portfolio went from $1,080,121 to $1,101,683 (a 1.99% increase for the month), which dropped down to a new total of (drum-roll) $1,098,383 after paying the bills. This is a 7.1% increase from the original starting balance of $1,025,772, even after withdrawals of $11,601 for living expenses over six months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $80.97/hr of labor income. VTSAX (60% AA) went up 3.0% this month; VFWAX (21% AA) went up 0.4%; VWLUX (19% AA) did what it was supposed to do. + +**Reflections**: Our investments are once again at an all-time high, smashing the $1.1M mark ($1.5M net worth) yesterday and tempting me once more to ease out of the domestic stock market. Spending was up quite considerably due to xmas shopping (some of which will be reimbursed since the in-laws have this weird tradition of buying your own presents and getting money back), marathon entry, two massages, a spike in charitable giving this past Tuesday, a $300 pair of Nike Zoom Vaporfly 4% shoes, and $1000 in Home Depot charges for the cabin lumber. This was not at all a typical spending month, and finalizing the decision to adjust our withdrawal amounts based on new year-end values makes the spending seem inconsequential (unless the market corrects 10% in December). + +**Experiences**: A harmless hillbilly opiate junkie showed up on my porch in a drunken state while I was decorating Walden Cabin. I held him at gunpoint (because I could) with the shotgun until officers arrived. Someone requested a picture of the [cabin](https://imgur.com/a/5hJxx) last month; I do not have any pictures of the junkie. Incidentally, this is the fourth time in seven years that we’ve had to call law enforcement due to trespassing (two intoxicated junkies, one panhandling con-artist, and one drunken hunter) in addition to another complaint against a driver who tried to make us think he was going to run us over while jogging. This is the cost of LCOL in the South. The total bill on the cabin was just under $1000 ($700 PT lumber, $100 shingles, $100 stain, $100 brackets/screws). Someone also asked for a picture of the [house](https://imgur.com/a/WzB6L) we built (seven years old, looks different now). In the discussion section of the previous month, we were talking about the phenomenon of having dreams about forgetting to go to class even though we graduated years ago, and I had one the very next night. Marathon training hit its peak with runs of 20 and 21 miles. I planned two vacations upcoming in 2018 (Middle America and Japan). I played Final Fantasy V (PS1) and read Tale of Genji, but I abandoned both due to a lack of interest. I’m currently playing Chrono Cross (PS1) but don’t know how much further I’ll continue. I renewed our healthcare policy through the exchange and received over $13,000 to pay for subsidies (see below). + +**Upcoming**: The full marathon is December 9. My secret lifetime goal made almost five years ago was to run one in under three hours. All of my preparation efforts suggest that 3:01-3:02 is a best case scenario, but we’ll see. If I can manage a sub-three, I’ve considered becoming a volunteer running mentor for people who are just starting. I’ll be spending a lot of time in theaters because good movies are actually released this time of year. There are two more PS1 games (Xenogears and Dragon Warrior VI) that I would love to play before the end of the year. We’ll be making a trip to the tree nursery and getting a lot of stuff to plant once everything goes dormant in a few days. I have some xmas shopping and tax planning to tackle. I’d like to inactivate my facebook account as well. I’ll also be doing whatever the fuck I want. + +**Background**: I am former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, 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 and doctorate before joining the workforce for nearly twelve years, 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). + +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 is 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 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. + +Our healthcare premiums are covered entirely by ACA subsidies. I do not care what you think of this. The law requires me to have a policy, and I answered all of the questions on the exchange website honestly. My former employer and I paid over $100,000 for health coverage during my career, and we used less than 5% of that. Insurance in the US is no longer a system of protection against unforeseeable, unpreventable circumstances. If it were, I would refuse the subsidies out of principle. The vast majority of healthcare costs are a direct result of a large portion of the population being self-centered irresponsible gluttons without the discipline to maintain a healthy lifestyle. These same individuals want the most expensive care possible and expect the cost to be spread to everyone else on their policies. I find this to be the equivalent of a mandatory insurance program for homeowners in which a large number of policy holders are pyromaniacs trying to burn their own houses down. I will be attempting to recoup my previous losses on health insurance for as long as the ACA exists. + +I am bored to tears with most discussions on SWR, COL, UBI, ACA, SSI, Trinity, insurance, what-if scenarios, financial doomsday preppers, crystal balls, investment strategies, side hustles, lifestyle inflation, market corrections, frugality tips, tax avoidance, my former life as a pharmacist, and even the acronym FIRE. When you’re new to the topic of early retirement, all of that stuff is very exciting. When you’ve run the race and crossed the line, not so much. This is a public forum, and I’ll likely read what you have to say, but please don’t expect much in the way of a response if it’s a question that I or someone else has answered a million times, especially if you’re just offering an unsubstantiated claim about my personal situation that demonstrates willful stupidity. It happens every month. I am however willing to clarify anything and discuss topics that I find to be of more interest. I genuinely appreciate all the congratulations and well-wishers. + +Considering selling premium has short-term capital gains tax implications as opposed to owning stock for years, how do you all consider whether money you have for trading / investing should be invested in stocks instead of selling premium? Does anyone estimate the 1 year after tax profits of a long stock purchase and compare to the 1 year after tax profits of your theta gang strategy to decide what to do with your money? +I know this varies case by case but I’m wondering for those that have some fairly standard guidelines in place like close at 50% profit, does that apply to both CSP and CC? I could see with CSP that capturing the gain and moving onto opening another position makes sense and best use of buying power in a given amount of time. You can open a CSP on a different stock if an opportunity arises. For CC, you’re locked into selling options on just the one stock so do you still close early and reopen on the next green day or more often let the position decay close to the maximum amount? +Hi all, + +Long time trader, first-time poster! + +A concept I'm trying recently is taking super small gains on trades. For the past two weeks (I know, very short timeframe) I enter 2-3 trades per day where I sell a put naked or a put spread if the underlying is high priced. I look to close the trade when I'm up 1-2% of the amount risked. For example, if I sell a 10 point wide put spread for 1.50 (risk = $850), I place a close order around 1.40 (1-2% of $850 being $8-16). Yep, that's only $10 (now, minus a couple in commissions and eventually taxes, it's like $5). However, over time, it's adding up. + +I try to put these trades on daily, usually totaling $1000-$3000 in risk. These trades often close within a day or two, sometimes a week. And...I'm fine with actually owning the underlying if it truly moved against me (employing a version of the Wheel strategy). Delta of put or spread around 20-30. + +Is anyone else scalping small amounts successfully? It's kind of boring, a lot of work, but does it have merit? If so, I'm going to call it my "Office Space" trade, taking pennies on the dollar lol. + +&#x200B; + +Editing for further clarification: + +Let me clarify something as well: I am not a one-trick pony. This is max $3k of a 50K account. I'm just trying it out. And if the Office Space trade goes against me, I have NO PROBLEM taking assignment on the stock and turning this into another strategy (say, Wheeling). You gotta be flexible people. I'm just wondering if others are trying anything like this. I see how this could destroy someone who didn't have a backup plan, or didn't understand how to manage the risks. + +I am not looking to close these research trades on a downturn. If I don't make 1-2%, then something went horribly wrong. but this is a \~25 delta put so I'll take assignment on the underlying at the discount, no problem. +Energy is the hot topic right now. This scientific paper compares bitcoin’s energy use with the energy consumption of the traditional banking system, which it seeks to replace + +A noteworthy slice is that the lightning network is even more energy efficient. A single lightning transaction is calculated to be 400,000x more energy efficient than a single transaction in traditional banks +April 9, 2021 2:26 pm by Colby Smith in New York + +US government bonds were hit by fresh selling on Friday, with analysts warning of further volatility ahead as the Treasury department seeks to offload more than $370bn of new securities over the next three weeks. + +Long-dated Treasury yields rose back towards recent highs, with the 10-year Treasury note trading 0.05 percentage points higher on Friday at 1.667 per cent. + +The abrupt move ruptured a brief calm that had settled over the $21tn market for US government debt in recent weeks, after the worst quarterly performance for long-dated Treasuries in more than four decades. Earlier this week, the benchmark 10-year yield hovered closer to 1.6 per cent. + +The pending surge in issuance has only heaped on additional anxiety. + +��It is too much supply too quickly at these current yield levels,” said Tom di Galoma, a managing director at investment bank Seaport Global Holdings. He added that potential choppiness could “easily” push the 10-year yield back to about 1.75 per cent next week. + +The first test comes on Monday, with the sale of $58bn in three-year notes and another $38bn of 10-year securities. The deluge continues on Tuesday, when the Treasury holds a $24bn auction of 30-year debt.  + +The following week, a new wave will add to that $120bn in supply, with a $24bn sale of 20-year debt, according to analyst estimates. The week after that, strategists forecast the Treasury will sell another $183bn of securities, with $60bn coming in two-year notes, another $61bn in five-year debt and $62bn at the seven-year mark. + +That brings total supply for the month to an all-time record of $373bn, according to estimates by Gennadiy Goldberg, a rates strategist at TD Securities, once the remaining auctions for inflation-protected government securities and other notes are factored in.  + +“Given the enormous amount of supply continuing to hit the market every month, every Treasury auction should be viewed as a risk event,” Goldberg said. + +The market could stumble right from the start of the week, warned di Galoma at Seaport Global, given the size of the forthcoming sales and the improving economic backdrop that has already damped demand for Treasuries. Strategists also noted that these were the first auctions since the Federal Reserve rolled back the capital concessions it extended to banks last April, which were seen as aiding market functioning. + +Investors haunted by February’s grim seven-year auction — which stirred concerns about the health of the Treasury market — are paying keen attention to the upcoming sale of debt at that maturity in particular, after what Ian Lyngen and Ben Jeffery at BMO Capital Markets characterised as a “less dismal but still very weak” offering in March. + +Lacklustre demand from foreign investors could tip the balance once again towards choppier trading, but some Wall Street executives are holding out hope that the higher levels of Treasury yields today compared with just a few months ago will pique their interest. + +“The auctions may not be smooth but they are going to be digestible,” said Phil Camporeale, a portfolio manager at JPMorgan Asset Management, citing the relative attractiveness of Treasuries compared with their global counterparts. Benchmark government bonds in Germany or Japan, for example, are trading around minus 0.29 per cent and 0.1 per cent, respectively.  + +That differential is likely to compel foreign investors to stay active in the market, according to Avisha Thakkar, a rates strategist at Goldman Sachs. She estimates this buyer base will emerge in 2021 as the largest aside from the Fed, which is snapping up $80bn Treasuries each month and signalled on Thursday a willingness to make technical adjustments to its purchases to keep them “roughly proportional” to outstanding supply. + +“There need not be a problem if the Fed and Treasury work together to address potential imbalances,” said Steven Major, global head of fixed income research at HSBC. + +Edit: from the Financial Times today +https://www.ft.com/content/f296fe3c-63f3-4d5c-a71f-1a677f450ff6 +He is spitting with rage again that we haven't been designated a "buying group" that has to file with the SEC, and trying to set a floor of $250. That's as funny as a banana in the ass. He covers GME/AMC for just the first 7 minutes of the video. + +[https://www.youtube.com/watch?v=EqOx5cqvE6s&ab\_channel=JimCramer%26TheStreetJimCramer%26TheStreet](https://www.youtube.com/watch?v=EqOx5cqvE6s&ab_channel=JimCramer%26TheStreetJimCramer%26TheStreet) + +&#x200B; +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 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 /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) + ASIC today reported on the results from its audit firm inspections for the 12 months to 30 June 2020 and has released a supplementary report of audit quality measures, indicators and other information. + +Audit inspection findings + +ASIC’s latest review found that auditors did not, in our view, obtain reasonable assurance that the financial reports were free from material misstatement in 27 per cent of the 179 key audit areas that ASIC reviewed across 53 audit files. The results compare to 26 per cent in the 12 months to 30 June 2019. + +The largest numbers of adverse findings were in the audit of asset values, particularly impairment of non-financial assets and the audit of revenue. + +Full article on ASIC: [https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-336mr-asic-reports-on-audit-inspection-findings-for-12-months-to-30-june-2020/](https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-336mr-asic-reports-on-audit-inspection-findings-for-12-months-to-30-june-2020/) + + +Tesla’s (NASDAQ:TSLA) third-quarter earnings for 2020 saw the electric car maker post $8.771 billion in revenue, beating Wall Street’s expectations. The results, which were discussed at length in an Update Letter, were released after the closing bell on Wednesday, October 21, 2020. + +Tesla’s third-quarter was impressive, with the electric car maker producing a total of 145,036 vehicles comprised of 16,992 Model S and Model X and 128,044 Model 3 and Model Y. The company also delivered 139,300 vehicles comprised of 124,100 Model 3 and Model Y, as well as 15,200 Model S and Model X. + +Tesla’s strong Q3 results were likely due to the Model Y ramp in the United States and the increasing Model 3 production at Gigafactory Shanghai. With these, expectations were high that Tesla would once more post a profit this third quarter. + + +The following are the key points in Tesla’s Q3 2020 Update Letter. + +REVENUE +Tesla reported a revenue of $8.771 billion for the third quarter, beating Wall Street’s expectations. In comparison, Wall Street expected Tesla’s Q3 2020 revenue at $8.28 billion, as per FactSet consensus. + +EARNINGS +Tesla shareholders saw non-GAAP earnings per share of $0.76 in the third quarter. In comparison, Wall Street expected Tesla to report a gain of $0.57 per share. Estimize’s numbers were a bit more optimistic at $0.65 per share +I’ve struggled with depression and feeling hopeless my whole life. The timing is pretty terrible that I’m finally deciding to do this now. I’m finishing up community college this year and transferring to university in the fall. I have only about $10k saved and need every penny I can get for school. +As the title says, my partners Clearscore credit score is 353/1000. We have a mortgage and never missed a payment on that or any other account. She is on the electoral roll (although Clearscore thinks she is t, so we need to change that). We have no loans or debts or anything and have always been up to date with British gas, phone companies etc. + +Anybody have any ideas why it's so low and how we can fix it? Making sure they know she's on the electoral roll is the first step and will make a difference it I'm not sure it will make a huge difference. + +TLDR: It's crazy - we've got no debt or missed payments (and do have credit in the form of a mortgage and phone contract) and her credit score is very poor! +I borrowed quite a bit for college and grad school. I went to a private grad school in California so the tuition was pretty high. Parents worked hard but didn’t have much money so I worked and applied for loans so they didn’t have to worry about paying for my education. + +I’m currently in a residency program so I’m not making as much but once I’m done in 6 months, i expect to make $120k-$170k. + +Right now, I pay $800/month towards my consolidated loans but it seems like it’s just being thrown into a black hole, lol. + +My other monthly expenses: +- Rent/car payments: $900 +- Allowance for parents: $500 +- Phone: $77 + +Should I refinance now or wait until I am done with residency? I don’t know much about financing — is there a resource you recommend? + +I do intend to seek help from a financial counselor but wanted to know what others may have done. + +As a side note, I love what I do and have no regrets. + +Edit: these are all federal loans (6% interest rate) +My parents started a college savings account for me when I was born, but thanks to scholarships and my parents very gracious contributions, I graduated with a large chunk of money still in the account. + +Now that I've graduated and opted not to go to grad school, I'd like to look into investing this money. I would like to keep some accessible for an emergency fund, but I also want to start on a retirement fund and potentially investing in a way that I could use it to help me buy a house. + +I've asked my dad for help, but he just said not to do anything right now. I feel like waiting is a bad decision, especially if I decided on something like an IRA account. I have next to no financial knowledge, especially around investment and saving. I am in the US, and I'm 23 if that matters. +I almost didn't post this as I'm 99% sure its nothing because it was so easy to find, but I see nothing about it on the subreddit when I search. + +Basically I decided I wanted to waste some time and try to see if there was anything hidden in the secrets.txt that has been datamined twice. [Here is the current datamined version] (https://imgur.com/a/toirCbl) + +Well I noticed that a lot of it is symmetrically setup, but some is not, including the first line. So I decided to focus on the non-symmetrical bits, and it didn't take long for me to get an unexpected hit. I took the first line, ignored HI.PG as that seems like something I can't do anything with, and focused on BGPY7^. My first step was just to google **BGPY7^** as maybe it would give me information on what type of code it could be. + +And the only results that showed up in google were two SEC filings that were archived. I kind of put that in the back of my head as I thought it was a coincidence. And it still probably is. + +But after doing the same thing for a couple other lines, it seems one other SEC archived post were hit too in my research (and I have only barely started), but mostly nothing. + +So I decided hey, why not just try to read the filing, maybe something fishy is about it. What I found was: + +It's in regards to a Chinese Media Holding company Glory Star New Media Group Holdings. With my very smooth brained research what I know about this company is (most or all of this probably has nothing to do with anything, but a couple things have got me questioning how big of coincidence it is): + +* It was until recently a publicly traded company. +* It is based in the Cayman Islands (I don't know if that is normal, but I know its a tax Haven) +* Some discussion has been had that it is/was grossly undervalued and I think maybe some issues with their accounting?? +* They launched an **NFT application called CheerReal** on September 9, 2022. +* One description of the company is "Since its establishment in 2016, Glory Star has been laser focused on developing an ecosystem for its users that incorporates quality content, **e-commerce, social networking, and gaming.** The Company continues to **integrate its cutting edge blockchain technologies**, ..." +* The company went Private by a blank check acquisition as of September 2022. + +I also think its worth it to note this was part of the secrets.txt that was datamined well before the acquisition or release of their NFT app. + +TLDRS: Stumbled upon an archived sec document by googling a line from secrets.txt . The results were regarding an SEC filing by Glory Star a company that seems to share a lot of their aspirations with GME. +In light of recent events concerning Poloniex's business practises concerning the introduction of ETC I will be filing a complaint with the SEC. With their decision to go live with ETC without announcement and the fact that they have in essence stolen all the ETC from people who lent out ETH prior to the fork i believe this constitutes a clear breach of both ethics and responsible business practices (Insider irading, failure to inform relevant parties, etc...). + +Furthermore, my own personal opinion is that allowing ETC trading indirectly funds a criminal organization. With no way to know what these funds will be used for in the future, I find this behaviour careless and dangerous. + +If you feel the same way, I have listed the link for the SEC below: +https://www.sec.gov/complaint/tipscomplaint.shtml + +EDIT: Removed hyperbole from my second argument. Like some users pointed out, it takes away from the credibility of the argument. Furthermore, for all the people claiming im complaining because I lose funds: I have never and will never trade on Poloniex. + + + +/r/FI is my favorite sub and I love visiting it every day. I love the community and I love the level of commitment for everyone helping people figure out what I consider to be the holy grail of life: FIRE + +Somewhat meta, I'm interested to see how this sub does through the next correction. I get the feeling that I'm a little older than most FI subscribers. To think it has been almost a decade since Great Recession is crazy to me but it also means that a lot of us haven't seen a recession of their invested assets. + +I (fortunately) have much more money in the market now than I did back in December of 2007. That said, I did have a real level of money in the markets back then; I can't explain to people who didn't live through it how **sickening** that recession was.