diff --git "a/reddit_finance_43_250k_195.txt" "b/reddit_finance_43_250k_195.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_195.txt" @@ -0,0 +1,10000 @@ + +This is simply not true for people living in absolute poverty in developing countries. For instance here in Bangladesh the stock market regularly crashes. There are no social safety nets whether its disability or unemployment insurance or universal healthcare. Bangladesh ranks last in Ease of Doing Business and opportunities for income generation are few and far between. This situation is evermore tolling on people under the USD 2.0 poverty line. Lots of them can read English and are working in menial jobs but cannot have a budget as the books suggest because the expenses are often more than the income: so they can't really save and invest. If they do save, a problem often occurs that depletes their savings (since there are no safety nets they fall into the poverty trap). + +So my question is: Are there ANY books out there that targets people living in extreme poverty to get out of their situation and be financially independent? Or are they beyond help and such books targeting them are simply not possible? + +Edit: Cryptocurrency is illegal and punishable with 10 years in jail. Opening an overseas account is illegal and there are strict currency controls to prevent money going out or into the country. + +Edit 2: Whoah this blew up! I am trying to reply to as much of the comments I can. Also, I am actually not at the USD 2.00 per day mark, I am more at the USD 8.00 per day and I am considered middle class by Bangladeshi standards. This was a general question. Besides if a book can help someone on the USD 2.00/day, it should be able to help anyone in a developing country. +I have multiple rental properties and I'v seen families use small amounts of water and higher amounts. The people that did a lot of laundry would use the most. Now I have a $800 water bill. It's nearly 3 times their normal usage. They don't have a pool or hot tub once in a while I see the guy watering the lawn but that's nothing. I asked if any of their toilets are leaking water (like when you flush it and the upper tank has to fill up) they said "no it's good no problem" I'm suspecting something is leaking big time but theres no signs of water or maybe they're using the water for secret stuff? I know landlord is responsible for water and I'm stuck with it but what could be the reason for 3x water usage? What could I do? Family has been here 6 months not sure if meter reader had to catch up or something. +Heads up! 🗣️ + +CoinGecko just listed **SUPERDOGE! 💥** +[https://www.coingecko.com/en/coins/superdoge](https://www.coingecko.com/en/coins/superdoge) + +Satoshi Club AMA is on May 25th at 11:00 AM UTC. +[https://t.me/satoshi\_club\_channel/934](https://t.me/satoshi_club_channel/934) +🔹🔸🔹 + +**$SUPDOG** is a deflationary meme coin that brands itself as the “**world’s first crypto superhero**”. + +There is a 6% tax rate on every transaction: + +🔥2% is permanently burned from the supply. + +💎2% is distributed to holders. + +🫂2% is sent directly to charity via smart contract. + +Team tokens are locked via DxSale. Liquidity is locked for **79 years.** + +[BSC Checker Audit](https://t.me/bscChecker/287) | [CertiK audit](https://www.certik.org/projects/superdoge) + +🔹🔸🔹 + +Marketing is managed by **Transform Group**. Transform Group is the leading PR team in the crypto industry and have launched the likes of Ethereum, Tether, and EOS! Their clients have approximately **$331 billion combined market value.** + +Press releases: + +[Bloomberg](https://www.bloomberg.com/news/features/2021-05-20/crypto-market-prices-ass-coin-superdoge-billionaires-prosper-and-fall) | [Yahoo Finance](https://finance.yahoo.com/news/superdoge-meme-coin-launches-reaches-170500547.html) | [CNBC](https://www.cnbc.com/2021/05/03/kelly-evans-taking-crypto-seriously.html) | [Financial Post](https://financialpost.com/globe-newswire/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours-worlds-first-crypto-superhero-coin-donates-2-of-all-transactions-to-various-charities-via-smart-contract-150000-already-do) | [Morning Star](https://www.morningstar.com/news/globe-newswire/8226659/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours) | [BollyInside](https://www.bollyinside.com/news/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours) + +🔸🔹🔸 + +For anyone on the fence, I’d highly recommend watching the YouTube AMAs. I’m sure you’ll get a sense of the **professionalism and experience** of the development team. + +**Episode 1** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/5uJeYRDRksc](https://youtu.be/5uJeYRDRksc) + +**Episode 2** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/jqwSI-pCrN0](https://youtu.be/jqwSI-pCrN0) + +**Episode 3** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/OWYwvBN\_I30](https://youtu.be/OWYwvBN_I30) + +**Episode 4** of the SuperDoge AMA on Youtube. Watch if here: [https://youtu.be/VG5jt6wnP-M](https://youtu.be/VG5jt6wnP-M) + +🔹🔸🔹 + +500+ BNB has already been generated to our wonderful charities! You can track this number live on superdoge.io + +Here are the charity wallets that are currently each receiving 1/3 of the 2% tax rate. + +💕**WELLS BRING HOPE** drills wells to bring safe water and sanitation to the poorest country in the world. Visit website [here](https://wellsbringhope.org/). Address 0x2A8500831745891D2aC01403Da08883be4D58b72. + +💕**CHILD ENRICHMENT** is providing a voice and a path forward for local children that have experienced abuse of neglect in foster care. Visit website [here](https://www.childenrichment.org/). Address 0x7Dd4eAE167bc55F9EA5df729936Dcc69af0B54B5. + +💕**CLARE MATRIX** is providing support and a full range of treatment methods to overcome addiction to drugs or alcohol. Visit website [here](https://www.clarematrix.org/). Address 0xdDE25A762653baf7D53725010ab3901E6E527523. + +🔸🔹🔸 + +Twitter responses from charities: + +✨Child Enrichment Inc [https://twitter.com/CEI\_AugustaGA/status/1385624911167823872](https://twitter.com/CEI_AugustaGA/status/1385624911167823872) + +✨Wells Bring Hope [https://twitter.com/WellsBringHope/status/1386505061048766466](https://twitter.com/WellsBringHope/status/1386505061048766466) + +✨Clare Matrix [https://twitter.com/CLAREMATRIX/status/1386718198037458947](https://twitter.com/CLAREMATRIX/status/1386718198037458947) + +[Website](https://superdoge.io/) | [Chart](https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23) | [BscScan](https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23) | [CoinGecko](https://www.coingecko.com/en/coins/superdoge) +[Telegram](https://t.me/SUPERDOGEio) | [Twitter](https://twitter.com/SUPERDOGEio) | [Reddit](https://www.reddit.com/r/SUPERDOGEIO/) | [Discord](https://discord.com/invite/PXPXvpgqQq) | [Facebook](https://www.facebook.com/SUPERDOGEio) | [Instagram](https://www.instagram.com/superdogeio/)| [YouTube](https://www.youtube.com/channel/UCbqjUtH_o-CbxP3NM7lJSTQ) | [Medium](https://superdogeio.medium.com/) | [WhitePaper](https://www.superdoge.io/assets/whitepaper/SUPERDOGE-WHITEPAPER.pdf) +**PsychoMarket Recap - Thursday, October 15, 2020** + +Stocks fell once again today for the third straight day of losses, as market participants consider a disappointing unemployment report, new virus-related restrictions in Europe, and dimming prospects for additional stimulus before the november election + +The Nasdaq finished 0.67% down. The S&P 500 (SPY) fell a modest 0.11% and the Dow finished the day 0.04% down. Stocks were able to mostly recover from the deeply red open. + +The Labor Department released their weekly unemployment, which showed that an additional 898,000 new claims were submitted last week, way above the consensus estimate of 830,000. This is the highest number since Aug. 22 and another clear sign that the labor market continues to struggle to recover in this pandemic-riddled economy as cases rise and worries increase over a renewed wave in the fall and winter. The number represented a gain of 53,000 from the previous week’s. The economy has recaptured some 11.4 million positions, or about half those who were sidelined. The unemployment rate has come down to 7.9% but is still more than double its pre-pandemic level. + +After Europe seemed to somewhat tame the virus that ravaged the countryside early in the year, the number of newly confirmed infections are skyrocketing, prompting fears of a second-wave and host of new restrictions. Socialising indoors will be banned in London, and a curfew will be imposed in nine French cities. Poland designated red zones where schools and gyms will close, including in the capital Warsaw, and the Czech Republic said it was building its first field hospital for coronavirus patients. Schools in Italy's southern Campania region, including the city of Naples, are to close for two weeks, as the country recorded its highest daily rise of cases since mass testing began. Coronavirus is the fifth-leading cause of death in Europe, where a threshold of 1,000 deaths daily has been passed, the WHO's European director, Dr Hans Kluge, told a news conference today. In the United States, new cases per day are on the rise in 44 states, with the biggest surges in the Midwest and Great Plains, where resistance to wearing masks and observing other social distancing practices has been running high. Deaths per day are climbing in 30 states, according to data collected from John Hopkins University. + +Market participants continue to be fixated on whether more stimulus, which lawmakers and economists say is necessary, will be passed before the November election. Messaging from top officials regarding stimulus has been inconsistent, with Pres. Trump first said he was directing his representatives to halt negotiations before doing a 180° turn. Yesterday, Mnuchin conceded that “getting something done before the election and executing on that would be difficult, just given where we are in the level of details”. Today, in response to being asked if he supported stimulus, Pres. Trump told Fox Business, “I would. Absolutely I would. I would say more. I would go higher. Go big or go home, I said it yesterday.” Needless to say the inconsistent messaging heightened volatility in the market as investors have a heightened sense of risk. Additional relief is viewed by many (including Jerome Powell) as a necessary propellant to maintain and speed up economic recovery. + +**Highlights** + +* US regulators (FDA) approved yesterday afternoon the first treatment for Ebola Virus from Regeneron (REGN). This is the same company that made the treatment that President Trump received while being treated for COVID-19 about two weeks ago. +* US jobless claims reached 898,000 which was higher than the estimates of 830,000. +* Robinhood is evaluating making user trade data public again. It had been taken down 2 months ago due to some platforms misusing the data. +* Pacific Gas & Electric (PCG) has cut power to around 33,000 customers to mitigate risk of starting a wildfire citing dry and windy conditions renew threat of fires. +* Boyd Gaming (BYD) had a price increase by Deutsche Bank from $27 to $38 at BUY. Big increase in analyst sentiment, the stock trended upward today. +* Datadog (DDOG) had a price target raise from Mizuho from $116 to $125 at BUY. It opened low, but recovered throughout the day. Stock has been a monster lately. +* Dell (DELL) had a price target raised by JPMorgan Chase (JPM) from $70 to $80 at OVERWEIGHT. +* Goldman Sachs (GS) had price targets raised by Citigroup (C), and Barclays from $285 to $300 at BUY, and $253 to $270 at EQUAL WEIGHT, respectively. Stock faded towards the end of the day, nevertheless bullish analyst actions. +* Microsoft (MSFT) had a price target raised by Mizuho from $240 to $255 at BUY. (looking at this one for a possible bounce tomorrow) +* Netflix (NFLX) had a price target raise by KeyCorp from $590 to $634 at OVERWEIGHT +* Service Now (NOW) had a price target raised by Mizuho from $500 to $560 at BUY. This is the third price boost this week, this stock is a monster! +* Peloton (PTON) had a price target raised by BofA Securities (BAC) from $116 to $150 at BUY. stock is at All Time Highs today... insane, an absolute monster! +* Replimune Group (REPL) had price target increase by BMO Capital, SVB Leerink, and Barclays from $40 to $51 at OUTPERFORM, $27 to $44 at OUTPERFORM, and $29 to $50 OVERWEIGHT, respectively. This thing is squeezing, up 60% in the last two days! +* Take-Two (TTWO) had a price Target raise by Morgan Stanley from $176 to $185 at OVERWEIGHT +* United Health (UNH) had a price target raise from Piper Sandler, Raymond James, SVB Leerink, Oppenheimer and Royal Bank of Canada. On average its a $380 price target at OUTPERFORM, this has been a monster stock! +* Zoom Video Communications (ZM) had myriad of price target increases, including from Wells Fargo (WFC), Royal Bank of Canada, Piper Sandler, $375 to $465 EQUAL WEIGHT, $450 to $600 OUTPERFORM, and $411 to $501 NEUTRAL. Very bullish analyst action. +* Morgan Stanley (MS) reported better-than-expected results in Q3 earnings. Stock was 1.26% up at the time of writing + * EPS of $1.59 vs $1.28 estimate + * Revenue of $11.6 billion vs $10.61 estimate +* Charles Schwab (SCHW) reported slightly better-than-expected earnings. Stock outperformed the market, up 3.96% at the time of writing. + * EPS of $0.51 vs $0.47 estimate + * Revenue of $2.45 billion v $2.43 billion estimate +* Taiwan Semiconductor (TSM) reported much better-than-expected earnings, especially in EPS. Stock was 0.9% down at the time of writing. + * EPS of $0.98 vs $0.92 estimate + * Revenue of $12.4billion vs $11 billion estimate +Edit: figures on TSM are now correct +* Some notable performers: LYL 70%, STAF 67%, HGSH 54%, HBT 42%, SPI 27%, CARS 25%, FRSX 22%, NNDM 22%, NTN 20%, EIGR 17%, NHF 15%, SALT 13%, GME 13%, REPL 13%, UAVS 12.5%, GLNG 12%, OPTT 12%, CBAT 12%, SNBR 11%, TACO 11%, WTR 11%, CBIO 11%, + +“Life is not about finding yourself. Life is about creating yourself” -George Bernard Shaw +In college, I had a very hard time with my health. A few months after starting school, I woke up with some odd symptoms, the most frightening of which was pain in my groin, like someone had just kicked me in the family jewels. Of course, this began a quest for a diagnosis. Many doctors were eager to prescribe antibiotics, as an infection (read: STD) was the most likely culprit, being that I was a young college dude who partied. This was not actually the cause at all, and the year and a half of antibiotics wreaked havoc on my GI system, all the while still feeling like I had gotten kicked in my dangly bits. + +Finally, I saw a surgeon who diagnosed me with two hernias. I went and got a second opinion, where I was diagnosed with not two, but _three_ hernias. He wasn't sure fixing them would rid me of the pain, but they wouldn't get any better on their own, so surgery was worth a shot. Better yet, the recovery period was just 6 weeks, so if it _did_ work, I'd know quickly and be feeling as good as any normal 20 year old in no time. + +While the surgery went well, the healing did not. It was two years before I began to start to feel normal. I blame it on the condition my stomach was in when I had the surgery (due to all the antibiotics). It hasn't been confirmed by a doctor, but it just felt like my stomach was agitated and swollen at the time, causing the scar tissue that was forming around the implanted mesh to form weirdly. Whatever it was, it took a long while to be pain-free(ish). + +For the last couple years, I've been able to look back on that time as the worst period of my life. I know it doesn't sound terrible, especially to those who suffer from terminal illnesses and the like, but for me, it was the mental anguish of not having a diagnosis for so long, and feeling so alone while going to about 10 doctor appointments a month, that really had me feeling hopeless. + +Then, just a couple days ago, I felt my left hernia start aching. I haven't seen a doctor yet, but it feels very much like it has recurred, which could require another surgery. They say recurring hernia surgeries are not only more difficult, but they increase the chance of it recurring again. Memories of the worst time in my life are flooding back. + +Which brings me to my point. A lot of us don't realize that at _any_ point, our health can fail. We have dreams of hitting a magical FI number and ridding our lives of meaningless work, and moving on to better things. But it's not guaranteed. And even if we do reach it, it could be that on our first day of financial independence, we're struck with a terminal illness and given only a few months to live. + +I'm realizing that the only thing I'm guaranteed is now, so my goal needs to be to not only _live_ in the "now", but to remind myself not to postpone happiness or focus only on the future--the greener grass on the other side of FI. + +This reminder comes at a great time, when many of us will be spending time with our families and friends. I hope we all can find ourselves completely committed to that time with them, and not longing to fast forward our lives to a "happier" time. + +**TLDR**: Health issues in my life have helped me to realize that the only thing guaranteed is now, and wishing to fast-forward our lives to FI is foolish. +Edit - Thanks for all your input! I've made a follow up post on the matter! - + +[**04/11/2021 - The Fake Squeeze... Continued**](https://www.reddit.com/r/Superstonk/comments/moq8aj/04112021_the_fake_squeezecontinuedwill_the_margin/) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +Quick Edit - I should've mentioned the biggest point of all... + +# JUST BECAUSE THEY MIGHT TRY THIS, DOESN'T MEAN THEY WILL BE SUCCESSFUL! WE AIN'T FUCKING LEAVING! + +**We have to believe they'll try absolutely anything at this point.** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Edit - Okay, so let me clarify a few things!** + +&#x200B; + +* I think that highlighting a potential ‘fake run up’ will HELP people HODL even more! The biggest test for some people will be to take profits at $1000, with MSM pushing that the squeeze is finally over. + +**Surely providing some DD about how it is NOT REAL will HELP people HODL through it, rather than paper hand?** + +&#x200B; + +* Also, one major flaw in my post was the lack of accountancy for FOMO. This is a very real thing and would create heaps of buying pressure, screwing their plan altogether. It is a dangerous play for sure. I’d like to paste a comment I made below to some of the concerns. + +&#x200B; + +*Thanks for your comment! Let me just address some of things you've said and we can discuss.* + +*As I've explained, major HFs could have shorted long holdings of smaller HFs. When they liquidate, not only does it not affect them (much), but they're actually profiting.* + +1. *Very risky indeed, but when the inevitable squeeze is going to happen wouldn't you try everything possible to mitigate it?* +2. *Long whales only stock is not in GME. When these HFs liquidate, many of long whales other positions are going to be negatively affected.* +3. *Please remember not everyone who owns GME is an ape. There are people who have no idea of the fuckery afoot.* +4. *FOMO is the reason its a risky play.* + +&#x200B; + +* \*'\****The buying pressure could be too much'.*** **Well if the buying pressure is from HFs this time, there's a lot more room for fuckery. As Melvin stated before, the january squeeze was not shorts covering, more retail investors. If this squeeze creates buying pressure from BOTH retail and HFs, they are so fucking screwed. Hopefully FOMO hits again and they get fucked. I think I need to clarify this - I DONT WANT A FAKE SQUEEZE.** + +**I just want people to be prepared if there is one. We see $500 and then back to $100 (fire sale) and everyone telling us it's over.** + +&#x200B; + +If my tin foil hat is too tight, I apologise. But yesterday I stated a 'fake squeeze' and didn't really describe much as to why. This is a follow up to my speculation behind it. + +I thought carefully following up with it and believed that showing DD about how there could be a fake run up( before the actual one) would allow people to HODL. (not financial advice though motherfuckers). + +As always, thanks for your critique. I appreciate this post was a little more out there but as a community, we credit or discredit these kinds of things. Don't bash me. Give me a counter DD, I'll happily link it at the top of the post! + +# ______________________________________________________________________________ + +&#x200B; + +&#x200B; + +GOOOOOD MORNING APES AND APETTES + +**It's the FUD PATROL...........** + +&#x200B; + +[roar](https://preview.redd.it/yd38bxzg4hs61.png?width=829&format=png&auto=webp&s=a7633e229be06e9a367d83dc0b460cd98037104d) + +&#x200B; + +Firstly, I want to say thanks for all the comments and support on my previous post. Irrespective of my theories, the message got across that we should just question every motive behind MSM, even when it's confirmation bias. + +A lot of people were sceptical of the 'fake squeeze' theory. Instead of filling up that post, why not make it today's report! I apologise I'm not FUD BUSTING today but this is still good.... *(right?)* + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# The fake squeeze theory + +So let me quote my previous post - + +>**You are led to believe Melvin was the only sinking ship in this battle and to save their fund, covered and made a fake squeeze to make everyone believe it’s all over.** +> +>Remember the DD stating there would be a fake squeeze to shake everyone? +> +>And regarding the question ‘what about a margin call’? Well can you not see Citadel have had weeks to fuck around and do whatever is necessary to prepare themselves. **I think Melvin is going to be the controlled explosion to FUD everyone into believing it’s over and for paper hands to take what they can get.** + +&#x200B; + +So I decided to do what any good agent of FUD PATROL would do. I set out to back up my claim. + +&#x200B; + +Let's clear some things up around Melvin. A lot of people were saying + +*'That would be suicide for Melvin'* + +*'Their reputation would be destroyed'* + +*'Why would Melvin purposely post losses?'* + +&#x200B; + +**You have to understand, this is bigger than Melvin. This is obvious otherwise Citadel wouldn't have invested a $2.5 BILLION 'bailout'. I believe Melvin is a pawn in a much bigger scheme here.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Let's go back. Why would Citadel bailout Melvin with $2.5 Billion?** + +The answer is obvious. To stop them being margin called and liquidated. Well this would only be an issue if Citadel had a large exposure on positions that Melvin held. So let's take a look at three of the biggest positions Melvin held and cross reference these with Citadel Advisors. + +(to clarify, in the event Melvin liquidated, their shares would be sold causing a mass drop in price. If Citadel went long on this stock, it would harm their portfolio) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Advance Auto Parts - Melvin** + +https://preview.redd.it/189z16zs7hs61.png?width=1639&format=png&auto=webp&s=26342096df60e868b45361293b863b0422bd6c69 + +That's $196,888,000 by the way. + +**Citadel** + +[Oh so in December, Citadel increased their position and bought over 600,000 shares... that's exposure...](https://preview.redd.it/oezh2s8e8hs61.png?width=1382&format=png&auto=webp&s=c64a8d4a0d2c05cd4fbad48515490d00c56d4834) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Expedia Group - Melvin** + +https://preview.redd.it/r7nzkiyb9hs61.png?width=1594&format=png&auto=webp&s=887bab36c43dfba05ec4e2c400b231cd521adec7 + +**Citadel** + +&#x200B; + +[Oh , So they increased their position in Expedia ALSO by over 430,000 shares](https://preview.redd.it/b9v85wyr9hs61.png?width=1376&format=png&auto=webp&s=34f1d5238d21ccb667559150017bfcc7e38eba90) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Mastercard - Melvin** + +&#x200B; + +https://preview.redd.it/29smfqx9ahs61.png?width=1644&format=png&auto=webp&s=adf875309c9a7d6ef6225d2d8c5ee234faa81b1e + +**Citadel** + +&#x200B; + +[Not as bad but still a huge exposure if Melvin were to liquidate over $1 billion...](https://preview.redd.it/jrrhgqaoahs61.png?width=1380&format=png&auto=webp&s=fd6ab67b6b7c0919c4d5050d26f203aaf0327018) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**LAST BUT NOT LEAST - FACEBOOK - MELVIN** + +&#x200B; + +[$1.2 billion in shares](https://preview.redd.it/02lmj3c9bhs61.png?width=1644&format=png&auto=webp&s=351e8fdf96d3d978ad8c7a14fe3a23e178364985) + +&#x200B; + +**Citadel** + +&#x200B; + +[$13 billion in call options alone...These would've been fucked.](https://preview.redd.it/99nes9gebhs61.png?width=1379&format=png&auto=webp&s=fc320583f464102cb72a332f33dfd57aa67b5679) + +&#x200B; + +So as we see, this means that if they were margin called and liquidated these positions, Citadel would've taken a huge hit. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# So what has happened to the stock values? + +**They've gone up....** + +&#x200B; + +https://preview.redd.it/yvrwzlq4chs61.png?width=741&format=png&auto=webp&s=43fbaf92beda0ac50e02299c7eb587af171c88f6 + +&#x200B; + +https://preview.redd.it/asa3sam8chs61.png?width=735&format=png&auto=webp&s=05398e8298957fd1ce92428964c84b0e4edaadce + +&#x200B; + +https://preview.redd.it/ej4wffpdchs61.png?width=761&format=png&auto=webp&s=d61b6fe0f8e03e7358ef4d7ccf0520d1ddbb7eef + +&#x200B; + +https://preview.redd.it/ifoi810jchs61.png?width=752&format=png&auto=webp&s=2e266cb6ab986070d2da2bc6a032ab2e28edbd3c + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# So what does this prove exactly? + +Well nothing yet. The juicy stuff is below. We have a background on the relationship between Citadel and Melvin. + +**If I was Citadel and knew Melvin was going to collapse, I could prepare and orchestrate a 'fake squeeze'.** + +How would I do it? + +&#x200B; + +**First - I'd take a short position in these stocks, so when they do collapse, I can make money. Let's look at the change in short interest....** + +&#x200B; + +&#x200B; + +https://preview.redd.it/aqnfp0yndhs61.png?width=1360&format=png&auto=webp&s=fdceebdc6189e9b69f7eeaffa0b3a9c6293e326d + +**So for Expedia, the price went up $12 but 1.5 million more shares were shorted? That sounds like an awful move?** + +&#x200B; + +&#x200B; + +https://preview.redd.it/he6rdbv0ehs61.png?width=1378&format=png&auto=webp&s=860a157140f8ce606656c5a649ef74693822eb0a + +**Looks like someone shorted the shit out of this back in January...** + +&#x200B; + +&#x200B; + +https://preview.redd.it/f8ei4vibehs61.png?width=1369&format=png&auto=webp&s=f61463868c8148070e39d786b4440e1438dbbfd0 + +**Mastercard being shorted to oblivion...** + +&#x200B; + +&#x200B; + +https://preview.redd.it/e49jw3yhehs61.png?width=1376&format=png&auto=webp&s=23eecfdf0dd31f1f4f295226d61a0d93a31ad39c + +**Who the fuck shorts a stock as it's going up????** + +&#x200B; + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +# Recap + +&#x200B; + +* Citadel is exposed to Melvin big time +* Know their collapse is imminent due to their position on GameStop +* Prepare yourself to profit off of their demise by taking short positions in their biggest holdings +* Make them a sacrifice and push them over the edge + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Fake Squeeze... + +When Melvin is inevitably liquidated, GME shares will of course go up. This is the controlled explosion I was referring to previously. Melvin will buy all of the shorted shares from paper hands at $300,400,500 etc. Their position is closed out. What does this mean? + +**There are now more shares available to borrow and short again. This is exactly what the likes of Citadel will do. Borrow these shares that have been returned and short it to oblivion, driving down the price once again, claiming I'tS aLL OvEr.** + +**It's key to remember, Citadel have a much higher point before being margin called.... Hence, the opportunity for a fake squeeze.** + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +# Bonus Round! + +**Advance auto parts institutional ownership?** + +&#x200B; + +https://preview.redd.it/ex806r1cghs61.png?width=423&format=png&auto=webp&s=f7b83eb60aeb702e91c3d523b0c90da1836d00cd + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**TL;DR** + +Citadel were massively exposed to Melvin and could not afford for them to liquidate. They could now have short positions on these and use Melvin as a sacrifice to push them to liquidate. This would create another controlled squeeze as Citadel make money on the short positions and also borrow (and short) all the stock Melvin is buying back. + +&#x200B; + +&#x200B; + +As always, I wrote this while cracked out on ritalin and my keyboard is nearly on fire. I will edit this later on for any inconsistencies and please comment and help me either prove this more or edit the plot holes! + +&#x200B; + +&#x200B; + +&#x200B; + +**IF IN DOUBT, HODL IT OUT** + +&#x200B; + +**FUD PATROL OUT.** + +&#x200B; + +*Disclaimer- this is in no way financial advice. Do not base your investment decisions on any of my previous, current or future posts.* +So like most people with reddit on their phone I open it multiple times a day. 95% of the posts are about the riots/protest/COVID/politics and what a shit show everything is. So of course SPY continues with its uptrend and another green day. I was very close to entering puts. I noted we were looking toppy having failed to break the high of the past couple trading days. In fact the majority names I cover were green except for tech, MJ, and a couple gold miners. This is why people who try and look at the market objectively with fundamentals are probably ripping their hair out. Maybe that will matter in the long run but short run it does not matter. + +**Markets** + +Chart Perspective - Like I mentioned above, $306.84 was high from Thursday. We did end up breaking high of Friday. If we don’t break that level first think tomorrow morning I would suspect a sell off is imminent. If we do break than $313.81 is still the next recent high. That said, we are still in a 4 hour, daily uptrend so if we don’t break and sell off, still have until $299.55 until the last 4 hour pullback support. + +Investor Perspective – This will eventually burn like US cities currently are. It is government unlimited QE vs. reality right now. + +**Energy and Oil Companies** - MEG Energy Corp, Crescent Point Energy, Cenovus Energy, CDN Natural Resources, Suncor Energy, Enbridge, Teck Resources Limited, Husky Energy, Vermillion + +Chart Perspective – Take what I said Friday about finally showing weakness and go back to what I said Thursday about equilibrium. People may get excited seeing those 5% days but now most just getting into the equilibrium. MEG is interesting because it is at a 5x top at $3.41 - $3.45. But for most names just look at a daily chart [here]( https://www.tradingview.com/x/D9fiH6vs/); [here]( https://www.tradingview.com/x/VMsywOSF/); [here]( https://www.tradingview.com/x/NLFr1wF6/) and you can see that a lot of names are just sideways over past month. + +Investor Perspective – You had Suncor come out and say that energy transition will kill oil demand. I do think oil is a dying industry, but it could be a dying industry for the next 10 years with gains to be made. It won’t just disappear that is for sure. + +**Gold Miners** - Kirkland Lake Gold, Kinross Gold, Barrick Gold, Eldorado Gold, IAMGOLD, B2Gold, Yamana Gold, OceanGold. + +Chart Perspective – I must say its either red flags are being thrown up for me here or I don’t understand what these miners are tied to. Both gold and SPY up decent today and although some miners got okay bounces, others got weak bounces or are red. Seeing these charts you have equilibriums at best (BTO, YRI, KL) to weak bounces/downtrends at worst (ABX, ELD, K) + +Investor Perspective – It feels like short term downtrend with a medium to long term hold. + +**Marijuana Stocks** - Canopy, Aphria, Aurora, HEXO, Organigram. Cronos, and some US MSO’s. + +Chart Perspective – Not looking good for WEED. It got a bounce today of about 4-5% but couldn’t even get back to where it opened which was already down. I must say APHA chart looks good short term, riding an uptrend but in an hourly equilibrium right now. + +Investor Perspective – I still think SPY is going to pull back and best believe that will add a ton of downward pressure on these names, + +**Banks** - BMO, RBC, Scotiabank, CIBC, Manulife, TD + +Chart Perspective – Another okay bounce for banks but just look at the 4 hour chart and you’ll see that it is nothing special. From a chart perspective I wouldn’t be confident in breaking either way right now. You are about 2-3% from rolling over and breaking the recent 4 hour pullback which would be looking down before the financial play bounce. If it breaks bullish, we are looking at a bunch of the double/triple tops. + +Investor Perspective – Like banks often do, I don’t expect a ton of volatility moving forward. Just getting and giving a couple percent here and there. + +**REITS** - Brookfield, Smartcentres, Riocan, HR Real Estate + +Chart Perspective – Man did I nail the $9.50 support on HR or what. Now, these aren’t out of the woods yet. In fact, the pullback seems to already be happening after the bounce so testing short term lows aren’t out of the realm of possibility. I must say though considering the run on both HR and BPY to their dividends (and with HR after), these pullbacks are not anything significant. + +Investor Analysis – Still holding my puts for more short term pullback. + +**Tech** - SHOP, Lightspeed, Real. OpenText, Kinaxis + +Chart Perspective - It’s another tech red but no real flags. Mostly sideways/equilibrium after the bounces. Nothing much to write up. Unless we see multiple red days and a trend change, it’s just sort of meh right now. + +Investor Perspective – See Friday. + +**Air Canada** + +Chart – Nice bounce from the low but still haven’t changed any trends. Still in a downtrend. + +Investor – See Friday. +Hi, + +I have always enjoyed gambling but over the last couple of months I’ve probably been gambling away around 50/60% of my income. However, I have always made sure I pay all my bills on time and I’ve never had insufficient funds / been in my over draft. The only thing I have is a credit card that I barely use. I just got it to help build my credit score. + +I’m trying to apply for a mortgage but I’m worried that my gambling transactions will affect this over the past couple of months and I wanted to ask how much it would effect this before I apply and do the credit check. +Got some bad news yesterday, both my parents have lost their jobs. I don’t live at home full time (uni student), but they’ll have no household income from January, and of course still need to pay rent, food etc. +There’s not a huge amount I can do as a student to support, but I want to do everything I can. +They’re exhausted and worn out from life (60s), some unfortunate circumstances when I was younger meant that they burnt through all their savings and weren’t paying into a pension. +I’m honestly quite scared, and very anxious. Could anyone please help out with what support they might be able to get, and any advice on what we could do. +https://www.cnbc.com/2019/10/29/beyond-meat-ceo-my-focus-is-entirely-on-growing-this-business.html + +Beyond Meat CEO Ethan Brown says the alternative meat producer is concentrating on disrupting the food industry rather than partnering with industry giants. + +“People have asked me, ‘Do you want to do a partnership with a larger company?’ I have no interest in that. I want to be that larger company,” he says. + +Shares of Beyond Meat were plunging, with insiders free for the first time Tuesday to sell stock after the May initial public offering. + +Despite Tuesday’s weakness and other bouts of recent selling, the stock was still up more than 230% since its IPO was priced at $25 per share. +I keep seeing people here claim "as long as there are people saying DCA and buy the dip, we're not at the bottom yet." I believe the difference is the role of the internet and social media. Even in 2008, when the market crashed, there was not this prevalence of online investing communities. Pro investors held the course while retail investors panicked. Now, we have each other - posting articles and data about time in the market, and how recoveries always happen, encouraging each other to keep an eye on long term plans and not to panic sell. + +I don't claim to know how much further we go down, but I do believe that even if we continue to drop 10, 20, even 50% or more, there will be people here saying buy the dip. +[Source.](https://finance.yahoo.com/news/powell-fed-open-to-private-sector-collaboration-in-possible-digital-dollar-134913548.html) Article pasted below for convenience. + +&#x200B; + +**Powell: Fed open to private sector collaboration in possible digital dollar** + +Federal Reserve Chairman Jerome Powell said Monday that the Fed is open to collaborating with the private sector on a possible digital U.S. dollar, but reiterated that the central bank has not committed to actually launching one. + +“We will have lots of conversations with industry and stakeholder engagement, and that’ll help us in our work on digital currencies and cross-border payments,” Powell said in an International Monetary Fund panel. + +Powell said private sector initiatives like Facebook’s Libra project have accelerated central banks’ interest in setting up their own digital currencies. + +But Powell cautioned that the Fed faces “difficult policy and operational questions,” such as the monetary policy implications of a digital dollar. Powell also listed illicit activity and cyber attacks as risks. + +“I actually do think this is one of those issues where it's more important for the United States to get it right than it is to be first,” Powell said. + +Powell pointed to the importance of the U.S. dollar in the global economy, noting that the majority of the $2 trillion Federal Reserve notes in circulation are held outside of the country. + +Powell emphasized that any possible digital dollar would serve as a “complement” to physical cash — not a replacement. + +&#x200B; + +**Real-time payments** + +The U.S. finds itself lagging other countries on payments infrastructure. The Bank of Mexico last year launched a Cobro Digital (CoDi) system that allows users and merchants to transact in digital pesos using QR codes. The People’s Bank of China recently began user testing a digital renminbi, which would allow transactions even without connection to the internet. + +Although the Fed is not committing to launching its own digital currency, the Fed is charging ahead with its efforts to bring real-time payments among financial intermediaries. Services like Venmo and Cash App offer quick peer-to-peer payments, but check clearing still takes days for funds to arrive at one’s checking account because of aged infrastructure connecting the nation’s banks. + +The Fed hopes to stand up a FedNow system to allow 24/7 real-time payments by 2023 or 2024. Kansas City Fed President Esther George, one of the leaders on the initiative, said the project is “on track” with that timeline. + +Although many central banks are researching digital currencies, only about 10% say they will actually issue one of their own in the short-term, according to the Bank of International Settlements. +Banks like HDFC never transfer the benefits to the customer. What's the use of RBI reducing repo rates if end users are not going to get benefit. Only banks like HDFC is going to get fatter. +As the title states, I have recently come across an investment opportunity (ROI, return on investment) from a uk business that promises a monthly 10% return on your investment (they crowdfund investment). They state that their profits are roughly 20% of which 10% goes back to investors. + +Note, the investment is not related to buying or selling shares, the company uses crowdfunding investment to buy electronic electronic products and then sells them. + +Every month you have the option to take out all your money and 10% profit or part of your money, or reinvest your money again for the next month. Now this really does sound too good to be true. However, the business is a trusted seller on ebay and does sell a tangible product. Apart from the high return on investment which seems like a red flag they also grant commission in the form of a percentage on profits for anyone new you bring into the investment. Though I do stress that there is absolutely no pressure to sign anyone up and they dont even mention it after, apart from their intial investment brief. + +Furthermore, they do provide a contract. I would like to get your opinions on what you think of this scheme, My fellow savvy (I hope) investors. +Lloyd’s has been trading between 30-40p a share for the last few months and prior to that 30-60p since 2009. From what I understand that share price fell in 2009 due to a structure and appointment of a new CEO, the restructure was done in order to turn the company around and cut costs as well as make the company profitable (not sure what the profits were like prior but assuming not good). The biggest recent challenge has been PPI, COVID and then the upcoming challenge is COVID, Brexit and finding a new CEO and possibly competition from neo banks. Do you think this could be a good long term (5y+) investment? +Question about stock spilts and it’s effects on calls + +Hey guys. I am holding call contracts for $GME that expire in June and I am wondering about the effect that the spilt will have on the options contracts. I know that my options contracts will multiply based on the ratio they spilt the stock by. + +Should I close my positions or continue to hold throughout the split? I know that once the spilt is over, the stock prices when you go down so looking for some advice here. + +I am not new to options trading but have never traded through spilts. Would love some advice here. Thanks. +So I have seen a lot of posts on here with people asking for advice with whether it is the right time for them to buy a house, or if they would be better off just investing in shares instead. Obviously every situation is unique and there are nuances, but I have made a spreadsheet which I hope will be able to help some people at least be able to see the financial impacts of the decision they choose to make. + +In the spreadsheet I have three options to compare - + +Option 1 - Buy a PPOR + +Option 2 - Rent and Invest in Shares + +Option 3 - Rent and buy an investment property + +The spreadsheet calculates the implications of each decision over a 30 year time period, which may be longer than you want to look at, but it does tell you the return at the end of each year so you can choose to just look at results after 10 years for example. + +I am sure there will be a few things missed but overall I think it should be a helpful guide. The main things I believe I have missed would probably be the following with regards to Investment property (property management fees, significant repairs, vacancy rates) - I suggest to factor this into the calculations that you adjust the rent received input to a number lower than an actual to be more realistic. There are also options for yearly landlord expenses, you could also increase these to cover some additional expenses if you wish. + +The other factor I missed would have been allowing for a change in Interest Rate, at the moment I only have one Interest Rate input which is for the life of the loan, again this may be too simplistic, I might look at going back and allowing for interest rate increases (or decreases). It would involve a lot of assumptions predicting where interest rates are going to be in the following couple of decades, but at least you could plan for the worst case scenario. To be safe you could set the interest rate input a bit higher than current rates just to allow a safety buffer (somewhere around 4.5% would be good) + +If anyone else has any other suggestions feel free to let me know. + +I have tried to make it as simple to follow as I could, but I understand my mind works different to a lot of other people so it may not make sense to some of you. + +And if anyone has any questions feel free to ask, I hope some people are able to find it useful anyway + +[Spreadsheet](https://drive.google.com/file/d/16O9N0RMQ3Ktpk-5o3CAvyfvEx1naZgUu/view?usp=sharing) \- This is the link to Google Drive which has the file location, it should work but if there are troubles feel free to let me know. +So I have seen a lot of posts on here with people asking for advice with whether it is the right time for them to buy a house, or if they would be better off just investing in shares instead. Obviously every situation is unique and there are nuances, but I have made a spreadsheet which I hope will be able to help some people at least be able to see the financial impacts of the decision they choose to make. + +In the spreadsheet I have three options to compare - + +Option 1 - Buy a PPOR + +Option 2 - Rent and Invest in Shares + +Option 3 - Rent and buy an investment property + +The spreadsheet calculates the implications of each decision over a 30 year time period, which may be longer than you want to look at, but it does tell you the return at the end of each year so you can choose to just look at results after 10 years for example. + +I am sure there will be a few things missed but overall I think it should be a helpful guide. The main things I believe I have missed would probably be the following with regards to Investment property (property management fees, significant repairs, vacancy rates) - I suggest to factor this into the calculations that you adjust the rent received input to a number lower than an actual to be more realistic. There are also options for yearly landlord expenses, you could also increase these to cover some additional expenses if you wish. + +The other factor I missed would have been allowing for a change in Interest Rate, at the moment I only have one Interest Rate input which is for the life of the loan, again this may be too simplistic, I might look at going back and allowing for interest rate increases (or decreases). It would involve a lot of assumptions predicting where interest rates are going to be in the following couple of decades, but at least you could plan for the worst case scenario. To be safe you could set the interest rate input a bit higher than current rates just to allow a safety buffer (somewhere around 4.5% would be good) + +If anyone else has any other suggestions feel free to let me know. + +I have tried to make it as simple to follow as I could, but I understand my mind works different to a lot of other people so it may not make sense to some of you. + +And if anyone has any questions feel free to ask, I hope some people are able to find it useful anyway + +[Spreadsheet](https://drive.google.com/file/d/16O9N0RMQ3Ktpk-5o3CAvyfvEx1naZgUu/view?usp=sharing) \- This is the link to Google Drive which has the file location, it should work but if there are troubles feel free to let me know. +As a bit of background, I've always been terrible with money. After finishing university 3 years ago I took out a £1500 loan to move to a new city and to make a new fresh start for myself. After 2 years, I was still -£1000 deep (16k starting salary, now at 20k) and it used to worry me every day, in case an emergency ever happened. + +Someone I know irl introduced me to this sub at Xmas 2019 and it's quite literally turned my life around. Admittedly, lockdown has helped, but basic tiny changes have made all the difference and I'd encourage anyone seeking to make changes to stick at it. + +After 12 months of saving, not only am I debt free, but I've somehow managed to save 5k on a 20k salary. I've never had this much money in my life and it's incredibly liberating. I can finally start setting long term goals. + +There are a load of specific tips I could mention, cutting down on takeaways, cancelling underused subscriptions, etc, but I thought I'd share my top #3 tips that should be applicable to anyone at the start of their journey: + + +1 - Avoid the 'special month' excuse - Unless you have a (seriously) urgent expense, stick to your monthly savings goal. Even with that new Xbox, clothes sale or birthday coming up, stay strong, plan around them at the start of the month and leave that savings pot alone, otherwise you'll find there are more 'special months' than normal. + + +2 - You've got to want to do this - Making the spreadsheet and opening the savings accounts is a great start, but changing your financial fortunes is more than ticking boxes. You've got to stand by your new committments. Mistakes and missteps will happen, but that's okay, as long as you take them seriously and learn from them. Persevere! It's worth it! + + +3 - Do not compare yourself with anyone - Some of our financial lives are easier than others, it's not fair, but it's the way life goes. Some of us have dependents, others receive fiscal support from family or friends. What's really important, is how you are treating your money compared to your previous self. Make improvements and better yourself, no two people have the same situation. + +Also, taking 10-15 mins a week to browse here can make all the difference! Make sure to check in on the sub every now and then 😊 + +Thanks UKPF! Here's to 10k and beyond 🤞 +[Republican Rep. Blake Moore violated federal transparency law by failing to properly disclose stock transactions worth up to $1.1 million - newsbinding](https://newsbinding.com/banking/republican-rep-blake-moore-violated-federal-transparency-law-by-failing-to-properly-disclose-stock-transactions-worth-up-to-1-1-million/) + +[**newsbinding**](https://newsbinding.com/author/bnp-news-team/) **July27,2021** + +https://preview.redd.it/oemlkt2r5yd71.png?width=1200&format=png&auto=webp&s=76713160f269557307608bea33783ed13d33d199 + +* The Utah congressman filed more than 70 of his stock disclosures weeks or months late. +* He’s a member of the House Armed Services Committee and invested in defense contractor Raytheon. +* Moore also invested in Chinese e-commerce giant Alibaba despite his criticism of China. + +Members of Congress routinely trade stocks, buying and selling shares of companies that often have significant business before the federal government — and sometimes spend a lot of money to lobby lawmakers. + +Each week, Insider digs through congressional financial-disclosure records and asks lawmakers questions about their personal finances. Here are the latest highlights from what we’ve discovered. + +**Utah congressman violates STOCK Act** + +Freshman Rep. **Blake Moore**, a Republican from Utah, failed to properly disclose dozens of stock and stock-option trades together worth at least $70,000 and as much as $1.1 million, according to an Insider analysis of [newly filed congressional records](https://www.documentcloud.org/documents/21015534-rep-blake-moore-disclosure). + +Moore was weeks or months late in disclosing more than 70 separate trades he made between mid-January and mid-May. US House lawmakers violate the [STOCK Act](https://www.congress.gov/112/plaws/publ105/PLAW-112publ105.pdf)‘s transparency provision if they don’t formally disclose a trade in a certified report to the clerk of the House of Representatives within 45 days of a stock trade. + +Moore’s tardy trade disclosures include seven transactions involving stock or stock-option purchases and sales of Alibaba Group Holding Limited, a Chinese e-commerce company with [reported ties](https://www.reuters.com/article/us-china-alibaba-government/alibaba-is-the-force-behind-hit-chinese-communist-party-app-sources-idUSKCN1Q70Y7) to the Chinese Communist Party, including the [creation](https://www.washingtonpost.com/world/asia_pacific/chinese-app-on-xis-ideology-allows-data-access-to-100-million-users-phones-report-says/2019/10/11/2d53bbae-eb4d-11e9-bafb-da248f8d5734_story.html) of a propaganda app. Alibaba [shares are down](https://markets.businessinsider.com/stocks/baba-stock) from highs this year in February. + +The congressman is an outspoken critic of China’s government. In a March [opinion article](https://thehill.com/blogs/congress-blog/foreign-policy/545477-confronting-made-in-china-is-crucial-to-americas) published in The Hill, Moore wrote that the Chinese Communist Party is a “strategic adversary” that is “challenging our political, economic, industrial, and educational systems” and “expertly subverts the international rules-based order.” + +In four separate purchases from February to May, Moore also bought up to $60,000 worth of stock shares in Raytheon Technologies Corporation, a major [US government defense contractor](https://www.businessinsider.com/ratheyon-fears-biden-cancel-arms-sale-to-saudi-arabia-2021-1) that produces missile systems, weapons platforms, and sensors, among other military products. Raytheon stock has [steadily increased](https://markets.businessinsider.com/stocks/rtx-stock) in value this year. + +Moore is a [member](https://blakemoore.house.gov/about/committees-and-caucuses) of the House Committee on Armed Services, which has jurisdiction over US military affairs. He is also a member of several military-related congressional caucuses, including the F-35 Caucus, Hypersonics Caucus, Military Depot and Industrial Facilities Caucus, National Guard Caucus, and Navy and Marine Corps Caucus.  + +In a statement to Insider, Moore’s office acknowledged the late filings and said Moore has already consulted the House Committee on Ethics and paid a fine — it did not say how much — for filing late. Fines for a first-time STOCK Act violator begin at $200. + +Moore’s office said that the congressman earlier this year transferred funds from a 401(k) retirement account to a financial-management firm in Utah that now buys and sells “commonly traded stocks on his behalf.” The firm, which Moore’s office did not name, “trained a compliance advisor to submit reports on trades, and a system has now been set up to ensure that periodic transaction reports are filed on time,” the statement said. + +“Upon entering Congress, Congressman Moore made an intentional effort to learn the new financial requirements and simplify and consolidate his financial investments,” the statement reads. “Now that Congressman Moore has fully established a financial compliance process with his firm and the Ethics Committee, he will continue to ensure all future filing deadlines are met in accordance with Ethics rules.” + +Moore’s office did not answer Insider’s questions about why the lawmaker personally invests in Alibaba and Raytheon and whether he gives his financial-management company direction — and if so, to what degree — on the kinds of investments it should make. + +Moore’s office also did not say whether the congressman and his staff completed required congressional ethics training where financial-disclosure rules are routinely covered.  + +Officials for the House Ethics Committee declined to comment. + +Members of Congress are required to report stock-trade values only in broad ranges. All of Moore’s reported trades fell within the range of $1,001 to $15,000. + +Other stocks or stock options that Moore bought or sold this year include those of the Google parent company Alphabet Inc., Amazon.com Inc., American Express Company, Apple Inc., Bank of America Corp., Berkshire Hathaway Inc., Dollar General Corp., Facebook Inc., the health savings account company HealthEquity Inc., the pharmaceutical company Johnson & Johnson, Mastercard Inc., Microsoft Corp., and the computer chip and systems company Nvidia Corp. + +Several other members of Congress have this year run into trouble disclosing various stock trades as federal law requires.  + +They include Sen. [**Dianne Feinstein**](https://www.businessinsider.com/dianne-feinstein-senate-california-stock-purchase-disclosure-2021-1), a Democrat of California; Rep. [**Tom Malinowski**](https://www.businessinsider.com/tom-malinowski-stock-trades-congress-transparency-new-jersey-2021-3), a Democrat of New Jersey; Rep. [**Pat Fallon**](https://www.businessinsider.com/pat-fallon-congress-texas-stock-trades-boeing-2021-6), a Republican of Texas; and [**Sean Patrick Maloney**](https://www.businessinsider.com/sean-patrick-maloney-dccc-congress-stock-sale-ethics-complaint-2021-4), a Democrat of New York.  + +Former Rep. **Harley Rouda**, a Democrat of California who’s attempting a comeback, also [failed to properly disclose](https://www.businessinsider.com/transparency-group-files-complaint-against-harley-rouda-for-tardy-disclosures-2021-7) stock trades. + +Sen. [**Elizabeth Warren**](https://www.businessinsider.com/elizabeth-warren-ban-congress-trading-stocks-investing-tom-malinowski-nhofe-2021-5), a Massachusetts Democrat, and Rep. [**Pramila Jayapal**](https://www.businessinsider.com/pramila-jayapal-washington-elizabeth-warren-stock-ban-congress-2021-6), a Washington Democrat, told Insider they’ll soon introduce companion legislation barring members of Congress from trading individual stocks.  + +But other similar efforts have failed in recent years, most notably in 2012, when the [STOCK Act](https://www.cnn.com/2012/04/04/politics/stock-act-signing/index.html), which established current congressional stock-disclosure rules, did not outright prohibit members from trading stocks. + +Moore’s office did not answer a question about whether the congressmen would support or oppose such legislation. +Hi all, + +First time buyer here. The bank is valuing the property £20k less than our accepted offer. To date, the seller is willing to move down £5k but no further so we're 15k apart. I don't have a spare 15k lying around. + +I've worked hard to get together a 30k deposit and the idea of that not going towards mortgage, but directly to a seller just doesn't sit right, or seem to make financial sense. I'm presuming any future buyer would encounter the same issue? + +I was considering putting in 5k over the bank valuation as a take it or leave it. + +I just wanted to check I'm on the right path, or anyone has a similar experience. + +Many thanks, + +- Edit - + +We decided to walk away this morning. We cannot find a similar property in the area within ten percent of the sellers valuation, so taking the view the bank have done us a favour. We could have stretched to purchase with a 95 percent mortgage but if just doesn't appeal to either of us. + +All of your advice and experience sharing was much appreciated and valuable. + +Edit 2 - Seller proposed the banks valuation to stop us pulling out. We've accepted. + +Ten percent saving overnight. Happy days +Hi, as the title says I lost my job today they told me over the phone, official meeting is Wednesday. I was still on my probation and I'd only been working there 11 months. + +I was working as a coffee roastery engineer and they hired me with no experience, can't really go back into the same industry. I do have a degree in 3d rendering and design. I was thinking about doing freelance 3d design but I don't have the savings to start up with that. + +I live in a town in wales where there aren't a lot of jobs going even before covid. I don't have any savings left. Should I apply for universal credit? Is there anything else I could apply for? + +Really stuck with what I should do, I really don't want to lose my place etc. Any information or links would be super helpful. + +Thanks +I'm seeing a lot of posts about CSPs being ITM and, consequently, comments about selling CCs after (potentially) being assigned. A lot of these comments insist on selling CCs at a strike above the cost basis of your assigned shares. I think this is a case of cost basis anchoring bias. + +For simplicity's sake, let's say your normal strategy is to sell covered puts and calls at 30 delta regardless of other factors. One day you wake up and see 100 shares of a random stock in your account. Your normal move would be to sell a call against it at 30 delta. It shouldn't matter if the stock happens to be trading at $100, all that matters is the delta of the strike. + +If you later see that you had paid $150 per share for the stock, that shouldn't change your CC strategy. Your basis is basically a sunk cost at this point. The only legit reason to consider the basis would be for tax implications. + +Yeah, it sucks that you were assigned at $150 when the stock was trading at $100. But that's water under the bridge. The best thing you can do now is to make do with what you have, and to not let your basis affect your future decision making. + +At least that's what I think. Maybe I'm just an idiot, in which case forget what you read here and carry on. +Curious for more experienced individuals’ inputs on this. + +My current goal: grow my trading account. It’s currently around $6K, and this account is strictly for fun/learning so I don’t send many deposits into it. I have a separate retirement account. + +My current strat: attempt to use QQQ weekly credit spreads ( call or put depending on the week) to generate roughly $100/month. Profit take with minimum of 45% profit. I have so far only used credit spreads that net me roughly $50-70 in premium. And try to do roughly 4-5 trades a month. All credit spreads are traded below (or above if a call spread) the market price of QQQ to provide slight protection. + +Any other tips to make this strategy more effective at growth, better weekly etf/stock to trade, or general words of wisdom? +Here's a nice softball question for a late Friday afternoon / evening - how many here have intentionally avoided living a fat lifestyle (or lived a fat lifestyle for a time, but scaled back) despite having the means to do so? Conversely, how many here live a fat lifestyle and cannot imagine going back? + +For some context to my question, I (32M) grew up in stealth wealth. I recently started making a fat level income, but I've found that I'm more similar to my parents than I expected - I'm just not interested in moving past my current middle / upper-middle class lifestyle. I like my house, I like driving nice but practical cars, and I like blending in with my neighbors in my MCOL town. The independence / security of wealth is what I find appealing about fatFIRE. I really don't care about luxury purchases and living large. + +Who's with me? Who's not? Looking forward to reading your comments. +Hey guys! I live in Warsaw, Poland, and both me and my wife have stable jobs. We also have 2 small children. I have plenty of money in the bank. I was trying to save for an apartment, but the prices keep on increasing. I could buy something on the outskirts but I currently live near the city centre and life is too comfortable this way (not needing a car, walking to the office, schools 5m away, parks, etc.) and I have no money to buy in this area (apartments go from +2M). Also now they are raising the interest rates and I have a good landlord who keeps the rent at a decent price (around 2400zl) for a decent apartment. + +As such I wanted to invest it somewhere to let it grow. Maybe in the future I could buy a house with it or even just fund my kids studies abroad or help them starting their lives. + +How do I invest, ie where do I go, how do I start? Those invesment plans from banks (I have Millennium and Pekao accounts) are worth it? Is there an app to do this kind of things? I have stocks from my company, but the system doesn’t allow me to invest by myself. + +And can I take the money back if needed? Will I receive dividends? + +Let me know if this was answered before. I searched the sub and didn’t anything that matched my queries. +[Their Website](https://luckbox.com/) + +I believe the eSports betting sector will continue to grow with more and more people watching online gaming events. Not only this but online casinos are growing as well considering a majority of the world is in lockdown. + + +Let me know what you all think. +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +I never had one growing up, but had friends whose parents had them. I'm now wondering if they are mostly an expensive lifestyle perk for the 'comfortable', or if it was more about having another investment property that you could also stay in on the weekends? + +Is having a holiday house a 'keeping up with the Joneses' thing, like buying a Porsche SUV to drive around the 'burbs? + +Being ~30, my generation is struggling mightily to afford a single home, and the idea of having a mortgage on a house you use _at best_ ~75 days/yr is kind of baffling. + +Edit: _their_ 40s-60s, goddammit. +Yesterday u/usriusclark made a comment \[ [\[HERE\]](https://www.reddit.com/r/Superstonk/comments/vgnh6z/comment/id3elbl/) \] about the most recent GME analyst report by Zacks.com Investment Research: + +>"They are missing one other '**reason to buy**': nearly half of the free float is held by at least 125k individual investors who are holding this stock for life." *(emphasis mine)* + +It stuck out to me for **two** ***extremely*** **important reasons**: + +# Reason #1: + +* That *is* a **huge** miss: Retail now owns 14.7 MILLION DRS'd shares of GME *(****43.1***\*%\*\*\* *of the total publicly available float of 34.3 million shares)* leaving only 19.5 million before 100% of publicly available GameStop shares have been directly registered in *our names* and removed from the DTCC (Sauce: \[[Computershared.net](https://www.computershared.net/)\] & \[[DRSGME.org](https://DRSGME.org)\]) +* This ***SHOULD*** be an obvious staple of every single MSM article/commentary/analyst report- and yet, not a single media entity has mentioned the DRS numbers that GameStop continues to verify each quarter + +# Reason #2: + +* I've been in GME since the Jan 2021 sneeze, and it only just occurred to me: +* At this point, the laundry list of **objectively legitimate, fundamental business & inter-industry positives** is so long that it's getting difficult to remember each bullet point whenever an outsider/newcomer asks about investing in GME...and that list is STILL growing with no end in sight +* Ryan Cohen & co. keep racking up *reason-to-buy* after *reason-to-buy* after *reason-to-buy*, +* AND, they're doing it the RIGHT way: Every single *reason-to-buy*, or "RTBGME" if you will, is a **byproduct** of continuing to completely transform of GameStop as a business +* Just think about this: + * It is now June 21, 2022 + * The GME sneeze was only 17 months ago + * RC took over as official GameStop chairman only 12 months & 12 days ago + * These time periods are the *very definition* of the blink of an eye for complete leadership changeover & MASSIVE, ongoing company transformation + * And already, when ANY outsider/newcomer asks about investing in GME, we don't even have to think about mentioning "MOASS" or "short squeeze" or "naked shorts" or "Ken Griffin" or "Citadel" or "SEC is complicit" or "Plunge Protection Team" or "BCG" or "Jeff Bezos" or "infinite liquidity" or...and on and on and on + * You certainly *can* mention those things if you think your audience won't be turned off by cOnSpiRaCy tHeOriEs, but you don't have to + * ***And that is CRITICALLY important*** bc all the MSM has been telling outsiders/newcomers from the start is how we're a bunch of idiot conspiracy theorists...so just imagine the absolutely refreshing delight you'll create when someone is expecting to hear you rage about the SEC/the Fed/Citadel, but they *instead* get to have a pleasantly familiar conversation about the fundamentals of the most DEEP FUCKING VALUE company on the planet, completely invalidating the MSM "smart money" false narratives +* In my opinion, there's no other way to put it: that is truly, utterly astounding + * **LESS THAN 1.5 YEARS AGO,** GameStop was being manipulated to its bankruptcy death due to millions of fucking paper-cuts + * And **ALREADY**, we have the critically important topic of DRS, the QUICKLY vanishing GME float, *PLUS* the ***certified-ridiculous*** number of positives RC & co have gifted us to discuss for as long as *any* uninformed investor could possibly last in *any* conversation about investing + +I honestly don't know what's more impressive: + +1. The fact that GME is a once-in-human-history investment +2. Or the fact that RC & co have turned the entire ship around at the speed of light, forcing every MSM entity to shit their puckered little Uranus holes daily while desperately "informing" outsiders that "Ryan Cohen has no plans!" and "Ryan Cohen won't share his plans with us!" and even "[Ryan Cohen stole the ideas I came up with!](https://youtu.be/yiq01EC6Yr8)" etc + +# I'll say it again: Every single one of us needs to stop and let this sink in. + +# And once you've done that, get out there and spread the news FAR and WIDE about DRS'ing GME + GameStop's fundamentals! + +***P.S. THANKS RC & GAMESTOP & CO!*** **:)** +Hi fatFIRE! I think like a lot of us here, I can’t talk fatFIRE topics with just anybody. Also I’m a woman and this group (I believe) skews male. I’ve noticed comments from other women on here and it seems like we have a lot in common! I’d love to chat fatFIRE womens topics with you all! Would any other women in this group be interested in starting a discord or WhatsApp group or whatever to talk fatFIRE women-centric issues? Or maybe I should just post those questions here? Either way, I need someone to talk spring fashion with! +I’m looking for my first rental and I’m scoping out deals using the 1% method. A lot of the houses I’m looking at are way overvalued back the rent they would bring in. + +Are you currently investing in this market or would it be smarter to wait? +hmm wtf... Can someone help me understand how this was published before Satoshi's white paper? it's writing about preventing double-spends using P2P distributed network - in **FEB 2008** +http://arxiv.org/pdf/0802.0832.pdf + +>Abstract. We study the problem of preventing double spending in elec- tronic payment schemes in a distributed fashion. This problem occurs, for instance, when the spending of electronic coins needs to be controlled by a large collection of nodes (e.g., in a peer-to-peer (P2P) system) in- stead of one central bank. Contrary to the commonly held belief that this is fundamentally impossible, we propose several solutions that do achieve a reasonable level of double spending prevention, and analyse their efficiency under varying assumptions. + + +Edit: this white-paper was cited in another white-paper, in 2008, which validates the date: http://www.proxmark.org/files/Documents/Cryptography/Formal_and_Computational_Cryptography_Protocols_Hashes_and_Commitments.pdf +[2015 reported earnings of Ken Griffin per court records.](https://www.cnbc.com/2015/03/03/ken-griffin-makes-68m-a-month-after-taxes-ex-wife-says.html) + +Ken Griffin’s post tax earnings for various periods of time: +$816M per year +$204M per quarter +$68M per month +$17M per week +$2.43M per day +$101,250 per hour +$1,687 per minute +$28 per second + +So when FINRA issues a fine to Citadel you would hope for relative punitive impact. The typical FINRA fine for a typical violation is $15,000 or less. +[FINRA - Citadel Securities profile and fine history.](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +And for Ken Griffin, that is equivalent to about 9 minutes of earned income, post taxes. + +The average annual household income in the United States is about $66,000. If you were to apply the same relative fine to an average citizen it would $4.75. But what fines for violating a law would an average person pay? + +The average parking ticket fine in Los Angeles, California is $50. This is equivalent to 10x the impact on a person of average income when compared to a typical FINRA fine to Citadel securities. And the largest fine to Citadel was $275,000 which is equivalent to a few speeding tickets. The total of FINRA fines for 2021 to Citadel is equivalent to the cost of a building permit for a single-dwelling house + cost of appraisal. The closing costs you pay when buying a home is the equivalent of what Citadel pays in 3-4 years of fines for violating the law. The price you will pay in interest on a 30-year home loan is the equivalent to the income that Ken Griffin makes in 3 hours. + +In other words, the impact of fines from FINRA to Ken Griffin is equivalent to 0.7% of his annual income or a few days pay. The same as a few speeding tickets to you or me. + +And keep in mind that I’m isolating this to the income of Ken Griffin. [Citadel Securities is valued at $22 Billion](https://www.cnbc.com/2022/01/11/citadel-securities-valued-at-22-billion-after-investment-from-sequoia-paradigm.html). + +So for the organization, the impact of these fines from FINRA each year is equivalent to the cost of a McDonald’s Big Mac when using the total cost of FINRA fines in 2021. If you added up all of the FINRA fines paid by Citadel over the last 4-5 years it’s equivalent to what you pay for a bucket of Kentucky Fried Chicken or the cost of a few large pizzas from Domino’s. + +These fines are designed to look big to the average person with no knowledge of the total income of these hedge funds. For the billionaires, it’s nothing. The inequity that exists today is disgusting. Your typical CEO of a tech company makes more money between breakfast and lunch than the average US household makes in one year. + +Fines for these hedge funds are procedural inconvenience. That’s it. +Hi everyone, 19 months ago I sent mistakenly 1 BTC to the Huobi's cold wallet. Yes, I'm retard, I feel terrible. + +**Transaction**: + +[https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b](https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b) + +&#x200B; + +**How I send mistakenly 1 BTC to the Huobi Cold Wallet?** + +A day I was watching a BTC rich list and exploring the addresses. I'm unsure how exactly it happens because I verified the address, but when I sent 1 BTC I did mistakenly to the wrong address!!! I verified that I was sending to the correct address, but I had to remake the sendship because the wallet crashed, probably there was the problem, the huobi's cold wallet address was in the clipboard. Anyways I don't have certainty how it happens.List: [https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) + +It was a mistake, I work often sending and receiving BTC. When you do a certain task all the days copying wrong data could be a **TERRIBLE** but **EASY** mistake to do, because we are humans and we fall in the trust. **As you did a task correctly many many times you earn trust on yourself and try save time.** If it didn't happens to you ever you aren't being honest. + +&#x200B; + +**7 months talking with Huobi Customer Support (part 1)** + +I tried to contact Huobi's customer support. First they first didn't understand me, thinking that I tried to deposit on Huobi and sent to a wrong address. After they understand they told me that the address doesn't belongs to Huobi and they can't help me. That is false, I did an investigation and they have direct relation with this address, they can help me. Read my following analysis please: + +&#x200B; + +**Huobi Ownership Analysis** + +Searching, sites says that the address belongs to Huobi Huobi support says that address doesn't belongs to Huobi + +I don't know if belongs to Huobi or not, but I can deduct and track that the address is related with Huobi + +Why? The address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 regulary sent big amounts to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D + +Then, is VERY PROBABLY THAT 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER KNOWS 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER And the 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER can help me. + +Searching, some sites (and sites like USDT Official page [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist)) says that the address 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D belongs to Huobi + +Again, I don't know really if the address is of Huobi, but I can deduct and track that the address is related with Huobi + +Why? On my Huobi account I made only 2 BTC withdraws from Huobi in the past + +2018-05-08 18:36:45 , txid: 0e6bf02323ebc166b6638afcd6170ecb73948748235e687def7e7a3cb1902fca , it has 239 inputs 2018-05-08 20:17:10 , txid: b59b988d642fe3773268e246ef1a0d048bbd3f734a611d00722b39126ed9e20b , it has 239 inputs too + +In both transaction, all inputs are addresses that BELONGS TO HUOBI, because you huobi are sending me BTC + +Both transactions has 39 addresses as inputs in common (all huobi address, maybe deposit addresses of anothers huobi users) + +Example: 1M9ndPSQ4fmMKaKW2oX7LtjduDqYUcFKCW + +Analyzing the transactions of this address, we can found many transactions sending BTC to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER + +[https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77](https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77)[https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87](https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87)[https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2](https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2)[https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1](https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1)[https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56](https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56) + +User withdraw? No BECAUSE the amounts are lower than the quantity required for a Huobi withdraw (0.01 BTC) VERY VERY PROBABLY that 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi And seeing all transactions, probably all of them are being used to pay USDT fees (i didn't study this part but isn't relevant) + +Then, if 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi, you can help me High probably that you know the 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER , address which I mistakenly sent 1 BTC + +Please, tell him that give me back my 1 BTC + +See my transactions asking the 3CBq.. owner give my BTC back: [https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7](https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7)[https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e](https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e) + +sending to 1SentYou1BtcP1sBackToMeP1sNznQ1zH(read the address) and to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 with the same addresses used to send 1 BTC to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 + +&#x200B; + +**7 months talking with Huobi Customer Support (part 2)** + +After understanding this , they asked me my consent to pay a fee. I agreed. After they asked me sign a message with my privates keys. I did it. And finally they tell me "Wait". I'm waiting 7 months ago, all months I ask and they ever reply the same "We will contact you". Now they told me " Hello，sorry for the inconvenience, we feedback your problem to our technology department.  After a series of research and development, but it can not be solved.  Please understand this.  " + +I want to think that the team is failing and Huobi isn't wanting steal my BTC. What they are doing maybe could be illegal. I'm thinking to talk with lawers on Singapore, I don't know what more to do. + +I tried to contact the CEO Livio on Twitter ( [https://twitter.com/livio\_huobi](https://twitter.com/livio_huobi) ) but they don't reply me! I want to think that someone else is administering their account. + +&#x200B; + +**My ownership evidence**: + +Message: + + I sent mistakenly 1 BTC to the address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 on these transaction + TXID: 4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b + + Please send me back to 3J4n1P9qX1nnPHxb8e63B8z7HQs65QXRoz or 1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL or 1K8JEvgg3sketnpExziFupBb2UQaQaCiaE + +( Pastebin: [https://pastebin.com/K6bXr6Mz](https://pastebin.com/K6bXr6Mz) ) + +Signature (1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL) + + H/443F0x29qHAQJj8FoizXCX4V+kVzjifKq2LYhsJisjGf5iyBotpF0W7y74lg7vMV9ebsHgaW9FEfzzd8TIA6U= + +Signature (1K8JEvgg3sketnpExziFupBb2UQaQaCiaE) + + H7GCXHHb+Iy6T9xu8c6867Wd7u6jc9sabbMVvGsUtEvddKqbslwajYBfFe3stQvIVJ7mK3Nuyh2aKOOdnjfU840= + +***Huobi CEO contact me please, my UUID is 1995155*** + +&#x200B; + +**UPDATE 16/06/2019**: + +All the balance of **3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64** was sent to **1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D**. That is an address which is PROPERTY OF HUOBI.834dea449693ac8380eecd906936db0eb514ae9b4426def3e3534c8525447fea + +Read my analysis. Tether saying that this wallet is owned by Huobi: [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist) + +&#x200B; + +\*\*UPDATE 13/02/2020:\*\*Now my BTC is there: +[https://www.blockchain.com/btc/tx/00e702abddccf05a7da50143c3139436a5c6ef0e613593af01cba8c983faa99f](https://www.blockchain.com/btc/tx/00e702abddccf05a7da50143c3139436a5c6ef0e613593af01cba8c983faa99f) + +They bloqued me from telegram and support don't help or ignores me + +**Upvoting this helps me (I'm not suggesting it but I will appreciate)** + +**If someone knows how contact the CEO please help me** +This is an emergency warning. Do not use HoneySwap right now. Your transaction will go to an malicious wallet. HoneySwap has been hijacked. + +Please spread this to as many people as you can. I've just lost my money because of this and I didn't even know their app has been hijacked. I lost my money. So please spread this to everyone. + +&#x200B; + +https://preview.redd.it/ey939y6jroy81.png?width=604&format=png&auto=webp&s=ca9a206bfacda2080688fe32991dd00198864ea8 + +&#x200B; + +https://preview.redd.it/95d2z44kroy81.png?width=601&format=png&auto=webp&s=f8b157569e1bf83305807b3115c445c51ede0e8e + +&#x200B; + +https://preview.redd.it/lvlnprtkroy81.png?width=599&format=png&auto=webp&s=f9d84f969d460cc753e6c551d8ca9dc1da9ebcfa +With inflation being as high as it is, cash that is held in a savings account is losing even more value than it normally does. However, with stocks down, bonds down, gold down, crypto down, and now real estate coming down... where are people putting their money to outpace inflation? +I hit my number but plan to coast/work until the world becomes safe to travel. (And given the inflation, I moved my NW target a bit, which can be easily hit in 12-18 months). + +My wife already pulled the trigger a few years ago and she basically read books, watch TV shows, and exercises. Also, she is taking care of most school chores, including picking up our (school-age) kids. Since the COVID, I WFH and am able to help do chores from time to time. + +Curious to learn from those who have already pulled the trigger, what's your typical day look like? + +&#x200B; +I've been financially stupid for a very long time now and I don't know how to get out of this. After taxes and child support, I bring in about 2060 per month. I have horrible credit. I have about 60k in student loans that I'm really bad at paying. I'm not even sure of all my debt, between old credit card bills and medical debt. My credit report makes me cry. + +Is there some sort of financial planner I could hire to collect all my finances and give me advice on how to get out of this mess? I suffer from anxiety and depression and I get panicky just opening collection letters. I need help breaking this cycle. + +Please no judgement. I know I did this to myself, I don't need to hear that. I'm looking to make a change. +Firstly, yes I know I’m a dumbass. + +I come from a low income single parent household and I never really made or seen a lot of money in my life. All the money I’ve ever made from part time or summer full time jobs, I’ve spent on food, clothes, or miscellaneous electronics. As soon I turned 18, I got a credit card and maxed it out going dummy for a whole summer. It only had an $1000 limit and I used it all and only paid back about $100. I then lost my job and proceeded to use the rest and eventually stopped paying minimum payments to keep up with the debt. It eventually went into collections and I’ve been ignoring it for a really long time. I also ended up using my overdraft on my debit card and then eventually that went into collections too. I probably owe about $1600 for the credit card and about $560 for the bank account adding interest. I just turned 21 and it’s been collecting interest since 2017. + +Oh yeah, not to mention I’m prolly gonna graduate with about $30k of student debt. + +I’m headed into my last year of computer science after this semester and I’m set to make some real good money (around 65-80k before taxes). I also already have a job making about 23$ an hour for fifteen hours a week while I’m still in school, and I’m gonna be working full time making the same amount from May to August. + +I’m scared because I know I will not magically become fiscally responsible out of nowhere and soon I’ll just have way more money to fuck up. + +I’ve also been in a serious relationship for two years and wanna get married in the next three years, and my girlfriend will definitely have better credit than me and will be making a little less than what I’m making as she’s graduating this August. + +I’m also scared I will be the reason why we won’t be able to buy property, a nice car and everything else bad credit ruins. I don’t wanna get married with my finances all fucked up. + +I know y’all should roast me because this is beyond irresponsible. But I have questions and I need advice as well. + +1. How bad is this for my credit score realistically. I check every now and then and it hasn’t been going down a lot but it’s already on the lower side of fair in between 500-600.(I’m from Canada btw so idk if it differs elsewhere) + +2. How hard will it be to build my credit back up once I pay all this off? + +3. What’s the best/most effective way to build your credit? + +4. Given what I make now, what’s the best course of action for the next year after I pay off this debt (which I intend to do in the next two months)? + +Thanks for reading this far. I genuinely needa get my shit together ASAP and I would really appreciate some good advice. + +TL;DR - I have over $2k debt that’s been in collections for a while now, need to know how bad I fucked up, and how to repair my credit. +Just look at paycalculator.com.au. The new version already shows the income percentile you're in so there's no need for more threads humble bragging. + +The percentile is a lot better measure than just average or median for distributions that don't fall on a bell curve. + +I realize this might cut down the number of posts in this by 90% but that's a burden I'm willing to accept. +About 3 months ago there was a post on AusFinance asking for reviews and insights on a Sydney based investment firm called Kosec. I didn't think much of it at the time and there was pretty low engagement with the post. + +Fast forward to last week; there was a flood of positive comments from 1 day old accounts, all using similar language and consistently praising the firm. + +The overly favourable comments *exactly* match the reviews left on Google for this firm. + +The AusFinance auto-mod catches sub spamming and bot accounts so thankfully no astro-turfing ever sees daylight. + +I rang them today to ask about this and they denied any knowledge of the (alleged) attempted manipulation, insisting they were genuine reviews. + +I would not be surprised if their Google reviews are also fake/paid for. + +I personally would not trust a firm that engaged in this type of (alleged) behaviour. Beware. +First off Apes, apologies it's taken so long to get to episode 7. + +Sometimes an Ape actually has to work, and can merely pump out Head Banging Beavis and Butthead memes instead of spending hours a day scrolling through Tax Forms. + +Plus... those memes are fun... this... not so much... + +But HERE WE GO AGAIN... + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +https://preview.redd.it/qr9jxuu05sj71.png?width=2724&format=png&auto=webp&s=9137370ddf5628a2a14279ca59e7791db7620fe7 + +[Jeff Bezos, 1 Man alone, is worth more than 270 million people COMBINED across these countries. ](https://preview.redd.it/yc7cw0oqelc71.png?width=2724&format=png&auto=webp&s=9eb586872dbd71828c6a246a8dfde44e2e67c49f) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Today's episode is brought to you by the letter D... + +# What is a Donar Advised Fund? (DAF) + +A DAF is a giving account established at a public charity. It allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time. + +[Source](https://www.nptrust.org/what-is-a-donor-advised-fund/) + +Sounds positive right? Like a charity right? + +But there are a couple of subtle differences here... + +FIRST... let's just get this one out of the way... + +There are **NO REQUIREMENTS** for a DAF to actually donate **ANY** portion of their fund to a charitable organization... + +Seriously... + +That example I was talking about... + +In 2014, the founder and CEO of Go Pro, Nicholas Woodman took his company public. + +This earned him a **HARD-EARNED** $3 Billion... + +Now don't get me wrong... I'm not ANTI-Capitalism... + +Sure some shit is crazy like Bezos... + +But Woodman... then had a tax bill on his $3 Billion of around 15% meaning he owed the Government $450 million. + +GREAT you might think... + +That can go back into society... + +Pay for some homeless shelters... + +Build better roads... + +SOMETHING... + +NAH... + +What did he do? + +He setup a DAF... Donated $500 million to it and PUFF + +That tax bill was GONE + +FUCKING GONE!!! + +[Source](https://theapeiron.co.uk/are-the-rich-gaslighting-us-when-they-donate-billions-to-charity-fc414c654607) + +But you may be thinking... ok, so he created a DAF, he donated $500 million, at least that will go to some good causes? + +Even if there is no REQUIREMENT to donate anything to a charitable cause... surely SOMEONE is looking under the hood to make sure nothing shady is going on right? + +Well 4 years later... the New York Times decided to take a look... + +See how this $500 million was doing good in the world... + +By then... The **ONLY** donation Woodman had made was an undisclosed sum to a fundraiser called "The Bonny Doon Art, Wine, and Brew Festival" + +[Source](https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html) (requires NYtimes subscription which I refuse to pay) + +\--------------------------------------------------------------------------------------------------------------------------------------- + +So you see... + +Not only does a DAF NOT have any requirements to donate to charitable causes... they have very little requirements at ALL... + +* You don't have to donate to anything... +* You get an IMMEDIATE tax write-off... +* You can use the fund to INVEST in WHATEVER you want... +* You can transfer Money, Stocks, Land, Cars, Art... anything that you MIGHT not want to pay tax on +* You can HIRE YOUR BUDDIES to work for your DAF under undisclosed positions +* You can setup your DAF to provide Salaries for GENERATIONS of your family name + +And not only that... + +BUT... + +***It is also possible for you to open a donor-advised fund as a complement and a companion to your existing private foundation, maximizing your tax benefits while achieving your philanthropic goals.*** + +Now fuck me... that sounds suspect as fuck... + +Veins are popping out of my head right now... so you know what time it is!!! + +\--------------------------------------------------------------------------------------------------------------------------------------- + +Awww... look at that puppy in a cup... + +Aren't you the Cutest Puppy in a cup I've Ever Seen? + +Yes you are... Yes you Are... + +&#x200B; + +https://preview.redd.it/to3hzzy35sj71.png?width=1600&format=png&auto=webp&s=c7a996d11073aee10cc57951c6a8071bae832624 + +[https://preview.redd.it/4q0ob0uzjlc71.png?width=1600&format=png&auto=webp&s=eb476c0e2ac72cf27a9b0ddc5efe49ed3a66504e](https://preview.redd.it/4q0ob0uzjlc71.png?width=1600&format=png&auto=webp&s=eb476c0e2ac72cf27a9b0ddc5efe49ed3a66504e) + +\--------------------------------------------------------------------------------------------------------------------------------------- + +So anyway... DAFs... + +I looked up the definition of a DAF on the IRS website... and even they say there's some shady shit going down here... + +The Definition starts out pretty normal with this: + +*Generally, a donor advised fund is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor's representative, retains advisory privileges with respect to the distribution of funds and the investment of assets in the account.* + +Then IMMEDIATELY... next paragraph... says this: + +***The IRS is aware of a number of organizations that appeared to have abused the basic concepts underlying donor-advised funds. These organizations, promoted as donor-advised funds, appear to be established for the purpose of generating questionable charitable deductions, and providing impermissible economic benefits to donors and their families (including tax-sheltered investment income for the donors) and management fees for promoters.*** + +A NUMBER of organizations... dodging taxes with these things. + +Have you Apes heard anything about this? + +There must be some serious investigations going on right? + +MEH... + +Not really. + +I mean there is definitely some dodgy stuff going through these things... + +# America’s Biggest (Edit: Religion) Charity Funnels Tens of Millions to (Edit: Questionable) Groups Through DAFS: + +[https://readsludge.com/2019/03/19/americas-biggest-christian-charity-funnels-tens-of-millions-to-hate-groups/](https://readsludge.com/2019/03/19/americas-biggest-christian-charity-funnels-tens-of-millions-to-hate-groups/) + +&#x200B; + +# The President of the New York Legal Assistance Group, diverts $2.3 million to DAFs, Makes $1.7 million through them, then transfers that $1.7 million back to the New York Legal Assistance group and when he's caught, gets fined $150,000... + +(Can't Make this shit up) + +[https://www.thenonprofittimes.com/npt\_articles/deal-stuck-donor-advised-fund-scam/](https://www.thenonprofittimes.com/npt_articles/deal-stuck-donor-advised-fund-scam/) + +&#x200B; + +But REALISTICALLY... there ain't much here at all. + +# But LET ME ASK YOU THIS APE... + +Do **YOU** (Yes You) think that the 1%ers of this world, when offered all these BENEFITS while at the same time completely wiping out their Tax Bill... AND... Ensuring their heir line in perpetuity... that they wouldn't be taking advantage of it? + +Pushing the limit of morals so to speak? + +\--- LET ME KNOW IN THE COMMENTS? --- + +\--------------------------------------------------------------------------------------------------------------------------------------- + +So of course... you'd think this GET OUT OF TAX FREE card would be popular right? + +Let's take a look... + +&#x200B; + +https://preview.redd.it/uxihw8r65sj71.png?width=1024&format=png&auto=webp&s=39d1e9c75182965a8a65c6ea5cca917393819e65 + +[https://preview.redd.it/ajzbeymv2mc71.png?width=1024&format=png&auto=webp&s=5768a809fec2e5bf448fe6883a6ce7708de99a64](https://preview.redd.it/ajzbeymv2mc71.png?width=1024&format=png&auto=webp&s=5768a809fec2e5bf448fe6883a6ce7708de99a64) + +Seems like they are giving more and more... ok CHECK + +But get this... + +We know these guys all have their own charities right? + +Well in 2019, grants of $25 BILLION were given from DAFS to Charities... (hmm... I wonder if they give to their OWN charities through DAFs?) - This represents a 93% increase since 2015... + +And of course... in 2019 $38.81 Billion was donated INTO DAFs... again and 80% increase since 2015! + +So these things are INCREASING RAPIDLY in popularity! + +\-- And guess what? + +# THIS IS JUST THE DAFS THAT ARE ASSOCIATED WITH CHARITIES! + +So if I am a Billionaire and I own a charity... I likely own a DAF too... + +* 53 National Charities have a DAF +* 607 Community Foundations have a DAF +* 333 Single Issue Charities have a DAF + +But what about Private Foundations... Like the Bill and Melinda Gates Foundation... or the Kenneth C Griffin Charitable Foundation that doesn't seem to exist??? + +# THERE ARE 873,228 DAFS ASSOCIATED WITH PRIVATE FOUNDATIONS IN THE US ALONE + +[Source](https://www.nptrust.org/reports/daf-report/) + +NOW... + +When you look at this report, there are some metrics in there that make this seem like it's not such a big deal like this one... + +&#x200B; + +https://preview.redd.it/tp0270685sj71.png?width=1024&format=png&auto=webp&s=339f0ef7115d7ef51d3cb589b5bc83d279ad5a96 + +[https://preview.redd.it/85lgnngo5mc71.png?width=1024&format=png&auto=webp&s=2a03c7065492fb9bbefd8f22876e590f4b6f6a13](https://preview.redd.it/85lgnngo5mc71.png?width=1024&format=png&auto=webp&s=2a03c7065492fb9bbefd8f22876e590f4b6f6a13) + +So the average payout from these DAFs is 22.4%... so at least they are doing something right? + +But what you may not notice... is that none of the data in this report are on DAFs associated with Private Foundations!!! + +WHY??? + +BECAUSE THEY DON'T HAVE TO REPORT ANYTHING TO ANYONE + +Urrrghhh.... + +***Also, these funds can be relatively anonymous because, unlike foundations, they are not required to disclose as much information about their charitable giving. This means that finding detailed, public information about a donor-advised fund's grantmaking activities can be challenging for*** ***grantseekers and researchers***\*\*\*.\*\*\* + +[Source](https://learning.candid.org/resources/knowledge-base/donor-advised-funds/) + +So basically... ANYONE can set one of these up... and can be basically ANONYMOUS... Especially if you already have a Private Foundation Charity!! + +\------------------------------------------------------------------------------------------------------------------------------------- + +That's when it HIT ME Apes... + +The Kenneth C. Griffin Charitable Fund... + +It's a FUCKING DAF!!! + +THAT'S why I couldn't find any record of it... + +THAT'S why his charitable donations numbers were all over the place... + +So I did a little digging... + +And I found it... + +He left ONE TRACE + +You need to SIGN UP to get access to this one, which I am normally against... but at least it's free... + +THE SMOKING GUN + +[Source](https://www.philanthropy.com/article/chop-receives-25-million-for-pediatrics-and-dartmouth-lands-20-million-for-dei-in-stem-fields?bc_nonce=wkta5bu9ecmhfgavpwo6&cid=reg_wall_signup) + +Quote: + +Griffin founded the Citadel Investment Group, a hedge fund in Chicago. He is a prolific donor who **primarily gives through his donor-advised fund**, the Kenneth C. Griffin Charitable Fund, and mostly supports universities and arts and culture institutions. His biggest gifts are $150 million to Harvard in 2014, $125 million to the University of Chicago in 2017, and $125 million to the Museum of Science and Industry in 2019. + +\------------------------------------------------------------------------------------------------------------------------------------- + +So there you have it Apes... + +**You now know, Kenny has his own get out of Tax Free Card with 0 regulation and has set himself up to protect his family line in perpetuity, and when MOASS happens and Citadel goes down... Kenny Declares Bankruptcy... he can still give himself a new job with a 7 or 8 figure Salary while trading the market as he pleases...** + +THROUGH HIS FUCKING DAF + +That's it for this leg of the investigation... + +BUT IT WILL CONTINUE!!! + +\------------------------------------------------------------------------------------------------------------------------------------- + +If you like this series... please let me know what you think in the comments! Really helps keep me focused! + +Also... + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\------------------------------------------------------------------------------------------------------------------------------------- + +Before we go... we need to take a moment... to appreciate... + +IT'S A FUCKING BALL OF FLUFF PUPPY!!! + +oHHH... who's a ball of FLUFF... YES YOU'RE A BALL OF FLUFF!!!! + +&#x200B; + +https://preview.redd.it/ceuh78r95sj71.png?width=730&format=png&auto=webp&s=811d010d7add5f8087ad4907b6d8a4c11f1f5c0c + +[https://preview.redd.it/femrs2vm9mc71.png?width=730&format=png&auto=webp&s=8ac5be70e3599f5a47f961892e807b1df23c0c8f](https://preview.redd.it/femrs2vm9mc71.png?width=730&format=png&auto=webp&s=8ac5be70e3599f5a47f961892e807b1df23c0c8f) +I’m just curious if anyone has managed to live off their trading gains because of their well defined trading strategy. + +If so, what strategy are you using, how long did it take you to refine and trust your strategy, and how much does it take to achieve this level of financial independence? + +PS - this question is EXCLUDING those who did it with a huge retirement nest from their previous job’s savings / inheritance, eg. Anyone with $1mil in savings can already live off $10,000 per annum in interest, and so I’m not looking at this group of traders. +Someone in the daily said they couldn't wrap their mind around stop limit orders, so I replied to them with what ended up being a rather massive explanation for the 3 types of orders in the post title. I think a lot of beginners (both in the stock market and crypto) struggle with these concepts, so I thought I would post the entire explanation as a guide. So, here it is! + +Ok, so there are **limit orders**, **stop orders**, and **stop-limit orders**. The third one combines the concepts of the first two. + +Let's start with a sell **limit order.** Perhaps you hold a bunch of some asset currently at $1. You decide that if it hits $1.50, you want to sell. So you make a limit sell order. This is simply an order that will be automatically triggered at the first opportunity to sell at or above the limit price you chose, $1.50. It will only fill if you can get a price equal to or better than the limit price. You're basically publishing an offer to the world, saying "if ever anyone wants to buy at $1.50 or higher, I am down, and my computer will automatically do the trade with you". + +But imagine you also want to automatically sell if it gets to $0.50 or lower, because you believe that would indicate free fall and you'd want to just cut your losses. A sell limit order wouldn't work here, because a limit order is triggered so long as it can be filled at the limit price or better. So, if you set a sell limit for $0.50 while the price is currently $1.00, it would be instantly triggered and your position would be sold at $1.00, because $1.00 satisfies the condition of being equal to or better than the $0.50 limit price. So, this doesn't do what you want. That's were stop orders (aka stop-losses) come in. A **stop order** will trigger a sell at the best available market price once the stop price has been reached. So, if you set the stop price to $0.50, then once the market price passes below that threshold, your position will be sold at the best available market price in that moment (which will usually be very very close to the stop price you set). + +So, here is the difference between a limit order and a stop order: in a limit order, the limit price is just a threshold above which you will accept a trade and below which you will not. It's basically like an open offer to sell at some price. With a stop order, the stop price is not a threshold below which you will accept a trade. Instead, it is a trigger: once the market price passes your stop price, then your position will be sold instantly to the highest bidder in that moment. + +Now, this means that usually your position will be sold basically right at the stop price (or very close, like $0.4998), because if your position is being sold to the highest bidder the moment the price touches your stop price, the highest bidder will basically be buying at the stop price. However, there are exceptions. + +For example, in the stock market, there is after-hours trading when you can't trade, but special people can. Now, imagine the day closes with the price at $0.55, and your stop price is $0.50. During after hours, a bunch of whales dump the stock, and by open tomorrow morning, it is at $0.20. Your stop loss will be instantly triggered and you will sell at $0.20, not $0.50 like you wanted. This is because the triggering event of the market price passing your stop price happened (during after hours), so the position was sold at the earliest possible time at the highest available price, which happened to be at market open the next day at $0.20. + +Another example is this: imagine a gigantic whale decides to sell an absurd amount of your crypto just a tiny bit above your stop loss price, at like $0.501. This triggers a massive selloff and the price drops off a cliff. It therefore drops past your stop price, so automatically you get in line to sell at the highest available price. But the demand to buy at $0.50 has already come and gone, and there aren't enough buyers to keep up with the sellers, so by the time your transaction actually gets filled, it ends up being at $0.45, not $0.50. This is called price slippage, by the way. + +A third example: imagine your exchange goes down for 10 minutes when the price is at $0.52, but once it comes back 10 minutes later, the price is at $0.25, since other exchanges were running during those 10 minutes. Now your stop order will be filled at $0.25. Not ideal. + +This finally brings us to the **stop limit.** The stop limit combines both limit orders and stop losses. They require that you specify two prices: the stop price, and the limit price. If the market price passes the stop price, that triggers the creation of a limit order with the limit price you specified. Let's consider a couple cases where you might want to use this. + +Let's say, like before, you believe if the price gets as low as $0.50, then that signals that you need to exit. However, you are definitely not willing to sell below $0.30. You would rather just hold and hope it recovers one day than sell that low. So, you make a stop limit order where the stop price is $0.50 and the limit price is $0.30. The moment the price gets as low as $0.50, the stop will be triggered, which will then create a limit order whose limit price is $0.30. So, the stop price is the trigger to decide you want to make a sell offer, and the limit price is the lowest you are willing to sell for once the stop trigger actually happens. 99% of the time, this stop limit order will mean you end up selling basically right at $0.50, just like the stop order we talked about earlier. Once the stop price is passed, your limit order will be created for $0.30, which will immediately be filled at like $0.499, because that is the current price, and it satisfies the condition of the limit order, which is to sell at or above the limit price of $0.30. However, in the off-chance that your stop price is triggered at $0.50, but the price then somehow teleports down to $0.25 (after hours trading, price slippage, or your exchange going down) then your position would not be sold, because the price is below the limit price you set. If the price eventually recovered to $0.30, your position would then be sold at that price, if you hadn't cancelled it by then. + +Another use case would be this. Say, once again, you believe that if the price drops below $0.50, that is a red flag that you should exit your position. However, you believe that if it does get that low, there is a very good chance that there will be a dead cat bounce (where something makes a short-lived partial recovery while it is in its death throes). You bet that, if this coin gets as low as $0.50, it will briefly make it back up to $0.70 before crashing fully and dying. So, you make a stop limit order with $0.50 stop price, and a $0.70 limit price. If ever the price gets as low as $0.50, you will now automatically publish an offer to sell at $0.70 (ie: a limit order with $0.70 limit price will be created). If the price now rebounds up to $0.70 like you thought it would, your order will be filled and you will sell at $0.70. If it doesn't end up rebounding that high, your order won't be filled, and you'll end up holding. It's like saying "I believe if we go as low as $0.50, that's a good indication we are crashing hard, so I will try to exit at $0.70 shortly thereafter during a bounce, but if I can't get that good of a deal, I guess I'll just hold and hold and hope it recovers one day". + +So, in summary: A **limit order** is an open offer to sell at a certain price or better that you publish to the market. A **stop order** is a trigger threshold, which, if passed, means your position will be sold ASAP at current market price. A **stop limit order** is a trigger threshold, which, if passed, creates a limit order. + +Finally, I want to note that all these examples have to do with selling, but these types of orders exist for buying as well. It works the same way, but everything is flipped. For example, if you want to buy a coin, but only if it dips below $0.25 so that it's affordable to you, then you would make a limit buy order with $0.25 as the limit price, and you would automatically buy that position if ever someone is willing to sell at that price (ie: the market price dips that low). + +I hope this helps somebody! +I am absolutely convinced that if you inverse the yahoo finance boards, you will find amazing results. Here's my how to guide: + +1. Find a company that has good financials or technicals (whatever you're into) according to the position you're wanting to take. +2. Go to yahoo finance boards and post something that has a clear price direction bias but that couldn't be perceived as bashing or pumping (This company will blow up soon enough! ; This company is an obvious scam, get out now! ; I can't believe the amount of value this company has!) +3. If you get down voted into oblivion, initiate your position accordingly. +4. Set a stop loss in case they aren't stupid. + +So far, this method has boasted a 86.74% success rate and I don't plan on stopping. + +&#x200B; + +Happy trading! + +Edit: This is 90% shitpost, don't actually do this or take me seriously. Some people haven't gotten the memo. +Hi all. I feel like I should pull the RE trigger, but I just need a little confidence booster first. + + +I'm late 30s, male, and work in tech. I make pretty good money from my day job, but most of my net worth has come from cryptocurrencies. I made my first million last year and then later in the year, hit a peak of about 50 million dollars (yay for extremely volatile asset classes). So this money has come basically out of nowhere and I'm not really sure how to handle it. + +&#x200B; + +In terms of net worth, this is what the numbers currently look like: +House is worth about 800k with 400k left on the mortgage +Savings/checkings account with 3 million +No debt besides the mortgage +Roughly 15 million in cryptocurrency (down from the 50mm peak; yay for extremely volatile asset classes) +401k/IRA about 800k +For a total net worth of close to 20 million + + +In terms of my job, I had been working at a company that I really enjoyed working at for close to ten years. It was a small tech company and they treated their employees fabulously. It was honestly a unicorn of a company and I would have stayed there for a long time regardless of what my financial situation looked like. Total compensation there was about 220k per year. + + +Then about three or four months ago, we got acquired by a much larger tech company. My base salary dropped to 200k, but they more than compensated for that with RSUs to where my total compensation is now at 390k per year (the majority of these rewards come at the one year mark). So that's a plus. + + +But the biggest minuses is that I hate the new job. If anyone knows what agile/scrum is, that's what we're doing. The amount of micromanaging and meetings and status updates I have to endure are brutal. At my previous company, I had to give my status once every two weeks and that was pretty much the only meetings I ever had. At this new company, I'm pretty stressed out that I'm not being productive enough and that my manager will be upset with me, even though she hasn't really said anything to that effect yet. What that means for me is that I'm working \*much\* more than I'm used to and not really enjoying it or feeling like I'm getting anything done. Combine that with the fact that half of the team is two time zones apart and a fair share of my days, I have to attend meetings until 7pm. + + +When I write it all out, it seems pretty obvious to me that I should quit. But is there anything I'm overlooking here? Do I just need more time to get used to this new job? +Hi All, I work in digital marketing and have a pretty good understanding of human psychology in financial matters having now done this for over 15 years (god, that makes me feel old.). + +I wanted to put a piece together to explain the dangers of confirmation bias based on how it's used on r/superstonk etc. but, the more I thought about it, and read through some of the comments (ok, loads of the comments) I became convinced that there are a lot of apes that appear to be experiencing a different type. + +Does this sound familiar? + +>*I have read all of the DD, put in all the money I have spare and I believe in the MOASS, but things like this don't happen to me (or people like me).* + +That's confirmation bias too, it's just the dark side. + +Many (I'd venture to say, most) apes on this board don't come from money. They have no idea what it would feel like to suddenly walk in to ANY shop in their home town and be able to afford ANYTHING without asking the price. That's what we're all about to be up against. + +That feeling of "things like this don't happen to me" or "that's not how life works out" is completely natural and has been beaten in to most of us for our entire lives. + +>Go to school, get a good job, sign-up to the retirement pension, you'll be able to relax when you're 70. + +That's how we've been trained to think. + +Here's why it's wrong. + +* Every week, in all of the countries that my wonderful ape brethren come from, someone wins the lottery because they purchased the correct ticket. +* Every week, someone bets on a 1000/1 racehorse who comes in first, upsetting the bookies. +* Every day, someone invests in a stock that jumps 100% (10,000% in this case (min)). + +These things do happen, and they happen to people like YOU. Believe me, I know how hard that can be to ~~hear~~ read, but it's true. You've chosen to be here, some of you have put it all on the line for this because you have read and (somewhat) understand what the Ape Gods of Rensole, Warde, Attobit and others have said. You put yourself in the path of the MOASS, the tendies and the Lambos and, because of that: + +* you DESERVE to be here. +* you DESERVE the tendies that will follow +* you DESERVE the Lambo (or any other Italian luxury supercar) +* you DESERVE to have a great life + +So (TLDR, I suppose), just because things like these don't ordinarily happen to people like you, or have ever happened to anyone you know, doesn't mean that you don't deserve it. Stand-up straight, put your shoulders back, walk forward with confidence. I love you all. + +Peace. + + +Edit. Spelling, urgh. +My daughter is 8 years old, we started a 8 fund portfolio(Taxable Acc). Her investing allowance is $100 month. We're planning holding these funds for 8 to 10 years. She picked VOO, APPL, SBUX, MCD and I picked the other 4. + +Every month: +VOO: $20 +SCHD: $20 +APPL: $10 +JNJ: $10 +MCD: $10 +Pep: $10 +PG: $10 +SBUX: $10 + +Let me know if this a good start and good mix of funds? Thank you + +This account is for educational and making some money. Also, I got her a UTMA account with VTSAX. +Back in 2009 or so, I found Zero Hedge and it seemed like a well-reasoned, thoughtful, informative blog, with a number of clearly articulated reasons why the Fed's actions were unsustainable, would fail, etc. Now, many years later, I see that none of these clearly articulated positions have come true. Everything they said couldn't and wouldn't happen did in fact happen. So, having missed out on the market's huge rally, I am looking for some other well articulated blog so that I can put all my money into the market and get screwed when the market crashes next month. +I didnt get to invest in 2020. I finally started in Feb this year after my friends kept telling me how easy it was to make money in stock market all their stocks were up at least 50%. So I am not sitting on gains. With how the charts on many of the tech/growth stocks look like. It is looking like I bought all my tech stocks at their ATH many of them are now down at least 50%. + +How do I ride this out? It feels like things are going to worse. And it also isn't the easy mode my friends were talking about they had in 2020. I'd feel better if it was gains I was losing and had that cushion. Im currently down 40%. It would be worse but I got lucky with the Dog coin and put some of my money in SPY/VOO. +**YES THIS IS GME RELATED.** + +&#x200B; + +Anyone know how to get ahold of this person on Twitter ([https://twitter.com/CatskillCrypto](https://twitter.com/CatskillCrypto)) ? I'm on the FTX Space call and this person just brought up the ENTIRE NAKED SHORTING scam from the real market (as he worked on Wall Street) and then explained how all the centralized exchanges in crypto operate the same way. + + +EDIT: + +He also said he can **PROVE** that FTX and other exchanges on chain data are doing exactly what we suspect the real market is doing. But he needs more manpower to do so to prove on chain data, which validates all our theories of the real market. + + + + +I can't message this person on Twitter, does someone have a burner account they can use to get his attention on twitter and ask him to come and speak here. + +I could tell instantly that this guy knew his stuff and explained everything we've been talking about for over a year! +Hello all, + +I sold a put on LVS with a strike of $48 that expired last Friday. LVS pretty much has taken a beating and is currently trading at \~41 (17% below strike). I can sell a call with a strike of $50, 43 DTE, delta 12.1, IV 46.6% for a premium of $0.37. + +Since the premium is so meager, should I wait until the delta gets closer to 20 or 30? What do you guys usually do with a stock so far below your cost? I don't want to take a loss, so selling below my cost is not an option. I don't mind holding the stock but would like to make some premium in the meantime obviously. Thanks for any feedback +I’ve been reading about strategies where you generate buy and sell signal based on when moving averages of different look back periods cross each other. I was wondering if anyone was aware of research that studies this from a statistical perspective. I’m interested in questions like can you turn the buy/sell signals into a significance test? Can you assign a probability and variance to the buy and sell signals? +I just listened to Peter Schiff on the latest episode of JRE and I want someone with a knowledge of economics to weigh in here. Schiff says that the US is in major trouble with hyperinflation, unsustainable debt and a currency crisis on the horizon. He predicted the Housing Bubble and the GFC so is this a likely outcome and how will it affect Australia? Or is it catastrophizing the situation and another case of “a broken clock is right twice a day”? +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. +A few of mine are.. + +* Every positive is lauded, every negative minimized. Replies with unrecognized risks are consistently refuted or contested. +* Data is surface level and short-term (IE: Last quarters revenues were great!) Posts are low or no effort. +* Users post history is singular in focus. They only talk positively about one stock at a time, on multiple subs. +* Bettridge's law + +What fast filters do you use to quickly screen bullshit, particularly on the web? + +edit: fixed a few words +We can all agree that the conference call was a disappointment. Well, this is how I would have handled the MVIS call if I were the CEO of MVIS. + +Call starts, epic rock music starts playing instead of the gay piano music of the real call. This gets people hyped up and automatically raises the stock price by 20 or 30 cents. + +A really hot lady gets on and says in a sexy voice, thank you MVIS stockholders for attending our conference call, we will begin shortly. Now moaning sex noises are added to the rock music as the announcer starts making out with her hot assistant live on air. + +Rock music fades into guitar solo and finally an explosion. Then the CEO of MVIS (me) takes the mic and says "Good evening investors old and new, we have some VERY SPECIAL news for you today... and a very special guest" - shares gap up, people start buying like crazy. + +I then hand the mic to my special guest. "Yes indeed we do", he says in an oddly familiar voice. + +It takes shareholders mere seconds to realize that this is the voice of none other than Bill Gates the founder and former CEO of Microsoft, during which time stock price has already cleared $2. + +"At this point we would like to announce a merger of MVIS and Microsoft" says Bill Gates, "and we will be purchasing the technology of MVIS to use in our Hololens for... 1 Billion Dollars". + +At this point the shares are trading well north of the $5 mark. "But there's more" Gates continues. "We will be folding the entirety of MSFT common stock into MVIS shares ASAP to reflect this merger" + +immediately in exchanges across the world MSFT stops trading and is replaced with none other than MVIS at an initial stock offering of $300 a share. All across the world those intelligent enough to have invested in MVIS celebrate as newly minted millionaires. + +I take the mic back from Bill. "Thanks Bill" I say. "But there's more. We have just come out with a vaccine for the Coronavirus." Insantly trading of MVIS shares halts because of the insane amount of people buying it crashing the exchange and hitting all the circuit breakers. + +Suddenly a helicopter noise is heard in the background growing louder and louder. "Uhhh, what's happening?" I say and even Bill looks confused. However, as the Helicopter lands, who emerges from inside it but Jeff Bezos, CEO of Amazon... + +He snatches the mic from Bill and says, "I would like to announce that I Jeff Bezos CEO of Amazon have just taken up a 50% stake in MVIS and UAVS." + +UAVS moons. + +Finally we all crack open a Beer live on the call and talk about our favorite penny stocks and have investors call in to ask questions, or even just to shoot the shit with us. A hologram of Warren Buffet appears using MVIS technology to congratulate us on our wise investments. Everyone makes a profit, even people that didn't buy MVIS as the poor all around the world are assigned 1 share of MVIS each (which is worth well over $10,000 at this point) as an economic stimulus, saving the global economy. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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 am trying to make my home more energy efficient and had looked into having foam insulation blown into my attic. I had a couple of estimates but they were out of my budget. (House built in 1952, literally no insulation in my attic, just dust) I was looking on my city's website and saw that they offered a weatherization program for low income families. I printed off everything, filled out the forms, made copies of the required information (i.e.: ID, birth certificate, utility bills) and mailed it last week. + +I just got a call from the city and the lady I spoke with said she had received my application and asked if I was just needing help with my electric bill. I explained that my bill isn't high, yet....summer is coming and this is Texas....lol, but that I was actually trying to get assistance for having insulation blown in my attic and just weatherizing my house in general. She said that she saw that I signed that form and that she would be sending it to that department as well....but, that I would also receive assistance with my electric bill and they would send me a letter to let me know what months they will pay and how much they will help pay!!!! + +I was BLOWN away....I had to confirm with her that not only was someone from the electric company going to come out and do an energy review for weatherization but that I was ALSO going to receive some help with my electric bill!! +She said yes and also wanted to let me know that the weatherization appointments can be as long as 8 months out because of how backed up they are. I told her I understood and thanked her profusely. + +Just wanted to put this out there for people. I've been in my house for almost 20 years and had no idea that this program existed in my city. :) +Has anyone back-tested a trading strategy that plays the value of the US Dollar in a specific way whenever there’s a bailout / significant increase in money printing? In theory the value of the dollar will go down when there’s a sudden increase in money supply, but I don’t know which security would be the best for backtesting USD inflation. +Let me preface this by saying I grew up in a large family and we often had very little money for anything, never went on vacations, didn't go out to eat, etc etc. I find myself in a very different financial position but am having trouble shaking off my frugality. + +After my company was acquired this year, I test drove a Model 3 with no real intention of getting one. However, I've been thinking about that car on a regular basis for almost a year now. It was so much better than anything I've driven before. I know I can invest that 50k and it could turn into \~4 times that by my planned retirement age (around 50 or so), but I'm feeling like we are doing well enough now to not worry so much about that. Looking for some outside opinions to see if I'm an idiot. + +My current situation: + +* Wife and I are in our early 30s with a baby under age 1 +* Approx. 550k in retirement accounts, brokerage, high-interest savings. Additional 170k equity in our house +* My income is roughly 250-300k depending on RSUs and vesting options. I don't know if my income will always be this high, but it's guaranteed for at least the next 3ish years. +* Wife's income is about 160k, could go up significantly over time (attorney) +* Spending is roughly 7-8k/mo when you include mortgage @ 3k/mo, nanny 1.8k/mo, house/car insurance, etc etc. + +So I know we can afford the car. I'm just wondering if I should really be holding off on this sort of thing another few years in favor of investing and avoiding the "lifestyle creep" that this could initiate. + +\[edit\] Thank you all for the replies! + +\[edit2\] Sprinkling some more details in. + +* Our income was significantly lower before this year, hence why we don't have higher investment levels. +* Our current cars are completely paid off. +* Plan to have 2 kids total +* Target FF amount is about 5 million; we should be on a path to hit that in <20 years regardless of this purchase, and I like my job enough to not care about retiring earlier. +* I am not super worried about lifestyle creep, though I always keep it in the back of my head. My biggest hobbies are guitar and video games, and I haven't bought a new guitar or video game in 3+ years. + +&#x200B; + +If anyone ever comes back here, I bought the car. My company's stock is doing quite well so the car is already paid for from the gains :) +I realize a lot of posts like this come from new investors looking for down payment money but I want to come at this from a different perspective - assuming an investor with bit of experience under the belt and figuring out the type of real estate deal that would be worthy of considering raiding a retirement account. + +NOTE: this is not me telling you the answer - it's me trying to answer my own discussion question with fairly detailed example data so we have something to kick around. I did do this in 2012 with a very small amount of money and it worked out very very well due to timing the bottom of the GFC. Bigger balances require more consideration and the current market is on the high side. + +Let's assume a $500k balance in a 401k -- big enough to be painful to take a tax hit and still have enough leftover for a decent sized RE deal. Adjust pro-rata if you want to calibrate. The goal with this money is to shift it from tax-deferred accounts in order to use income to retire in 5 years rather than 20+ years. Most of the content on the subject rightfully discourages people from doing this because most people suck at investing and also don't really understand the full power real estate tax advantages through depreciation, the ability to buy below market and force appreciation through your own efforts. + +So with that in mind, let's talk about the right circumstances necessary for such a move to make sense given how much you'd lose in taxes and penalties + +Scenario: $500k in a 401k account. Based on tax brackets and the penalty, we'll assume a total of 50% paid in taxes to arrive at $250k in net proceeds for RE investing. Assuming something like 35% effective tax rate, 10% penalty, 5% state for this type of balance. Would be interested in input on this. + +&#x200B; + +The Baseline Scenario + +If we don't do anything, the stock portfolio will grow over time. 10% is a typical assumption for long term historical returns on stocks and also a nice round number. Most estimates put the average REAL return, net of inflation, at around 8%. I don't want to get into inflation forecasting in this so we'll assume we need to beat an 8% real return over the 20 years and that inflation is 0%. $500,000 at 8% for 20 years comes out to about $2.46 million if compounded monthly ($500 \* (1+.08/12)\^240-1) or using the Excel function =FV(.08/12,240,0,-500000) + +&#x200B; + +The REI Scenario + +How do we catch up to the same $2.46 million in 20 years with the $250k? A 11.5% CAGR. In Excel =RATE(240,0,-250000,2463401.39)\*12 = .1149 + +Now, since we're looking for income for early retirement in 5 years rather than waiting for retirement age, we'll say that the net cash flow needs to go towards early retirement living expenses, and the $250k will need to earn 11.5% annualized without the cash flow to end up at the same $2.46 million. Sounds a little aggressive but not crazy. + +So how do we get to $2.46 million with $250k while still getting cash flow during that 20 years? + +Use the $250k to buy a $800k property that is under-rented, poorly managed, and needs some upgrades. Multifamily, commercial, whatever make sense. There tons of options for JVs, seller finance and creative tactics that can be used but we'll keep it simple. + +You use $200k for a down payment, borrow $600k (75% of purchase) on a 25 year amortization at 5.0% interest (a $3,508 payment with about $1,000 in principal paydown in month one -- which is about 2% on your initial equity outlay). The extra $50k of the total $250k goes to getting the property cleaned up and for reserves. Your target going-in cap rate is 7.00% which would result in a 7.0% cash on cash - about $17k a year in tax sheltered income. Note that cap rates don't necessarily coincide with cash on cash returns - it just happens to be the case for 5% debt at 75% LTV on a 7 cap deal) + +Here's where it gets interesting - while your equity needs to grow at 11.5% to keep pace with the 401k, your leveraged asset value of $850k has a lot less work to do. A CAGR of 6.0% on your property value starting at $850k would result in an ending equity balance of $2.46 million after we subtract the ending mortgage balance. At that 20 year mark, your loan is amortizing very quickly and would add another $42k in income once paid off over the next 10. The $17k in year 1 cash flow annualized over 20 years is $340k, and that ignores any growth in market rents, amortization ,etc. Not going to get you retired on this deal alone but $1500 a month is pretty good money. + +I mentioned a 5 year target for early retirement above and that window until you need the cash flow (\~$85k) isn't really addressed. You could save that cash flow to for another property, to pay some of the mortgage debt down early so that it's fully paid off by year 20, or flip this property quickly and shoot for a bigger deal. Lots of angles that could be explored. I'm ignoring the possibility of commingling the $250k along with other money you have to invest just to keep the comparison to the 401k clean. That 5 year timeline is selfishly mine but also to give time to make improvements, flip into another deal, etc. + +&#x200B; + +Benefits: + +\-Several ways to make up the returns needed through income, appreciation, loan amortization + +\-Flexibility to buy into one large deal or spread it around into syndications + +\-Can 1031 exchange forever and heirs get stepped up basis + +\-Accelerated early retirement + +\-Ability to force appreciation and be smart about property/market selection vs being at the mercy of equity markets + +&#x200B; + +Downsides: + +\-Not as diversified, could fail to execute + +\-More likely to be wiped out in a crash due to the mortgage + +\-Requires more effort to manage (either DIY property management or managing managers) + +&#x200B; + +Conclusion: + +My takeaway is that the use of fixed rate leverage on a deal one could reasonably expect to find does a ton for helping you to catch up to a 50% haircut when pulling 401k funds out. I thought it would take more of a "screaming deal" to catch up. + +The 8% real return on stocks comes with its own risks and it doesn't seem to me that the risks are that different from each other. If you consider them relatively equal risk-wise, the additional control and cash flow from RE would seem to tip the scale in its favor. + +&#x200B; + +What do YOU think? Did I miss something big? Is this only for reckless idiots? Is it Smart, Actually? + +&#x200B; + +Footnotes: + +\[Income tax difference: One caveat here is that the real estate income is going to be protected to some degree by depreciation, especially in the early years, making the after-tax comparison to retirement account income different. For this exercise I'm assuming most of the depreciation benefits are used up by the 20 year mark so the income expectations from both scenarios are roughly equal. This is mainly to avoid getting too complicated at this stage but I would 100% have this modeled out before actually pulling the trigger. A smart investor would 1031 into something bigger to keep the depreciation benefits (and diversify) which would tip the scale in favor of the REI.\] +HeRe We Go AgAiN... another post about Bigger Pockets. This is a partial complaint but also a cry for help. + +I used to be an avid listener of Bigger Pockets podcast. Yes, I acknowledge that you can say the same thing in only so many different ways. However, I used to get at least one or two golden nuggets of information from most interviews. It was great to hear some of the success stories and specially the short falls (which is where I learn the most) of some of these investors. There are great podcasts that would talk about systems, dealing with contractors, negotiations, etc. + +Now I feel like those days are long gone and I'm hearing life coaches peddling their books and a bunch of fluff. The "witty banter" from the hosts is subpar at best and cringe worthy most of the time. So I've said no more... but I still want to intake content. + +I currently own multiple units, have several rehabs going, and a few wholetail deals as well. So I'm not a big wig, but this isn't my first rodeo either. So I'm looking for content with meat and potatoes still left in the stew, none of this watered down, unseasoned, luke warm, watered down crap. + +Anyone have any resources that still put out good content? + +Sorry if this has been covered before. +Just to give you some context: + +I'm 26 years old and am closing on my first property next week. I chose to employ the "house hacking" strategy and luckily had an offer accepted on a top tier duplex for $425,000 that I'm purchasing via an FHA loan with 3.5% down (\~25k with closing) at 2.5% interest in NE Minneapolis. + +I save up $1000 a month from my salary and I plan to cash flow about $250 from this property itself totaling $1250. + +Now that I have that under my belt, I'm wondering what the smartest thing would be for me to set my sights on next. I have a few ideas. + +a. Another FHA financed property, this time a single family home (since FHA only allows you to finance a second home if it has a smaller amount of units than the first one) This way i would be able to benefit from the 3.5% down payment again. I would also have to repeat the 12 month owner occupant rule again. + +b. A single unit property financed conventionally. I'm not sure what the down payment rate would be but I've heard a range of 3.5%-20%. Based on the down payment it would take me a variable amount of time to save up for it this way. + +c. Save up for another multi unit home, this could take me a lot longer. + +d. pool my money with someone I trust to try and invest via b or c. + +I was hoping I could get some advice, experiential stories or critique on my plan from you guys. If I'm missing something, please let me know! I'd very much appreciate it! +This question might be dump but I am no expert in investing. +I recently decided to stat investing and I’ve decided that an ETF that is tracking the S&P index might be a good idea. Because we are in EU we cannot directly trade a US ETF so I picked SXR8. Now the issue: +Right now the market doesn’t look so good. The index is down and the USD is up. If I buy right now, one of two scenarios could occur. Either the market keeps going down and USD keeps going up or the market will eventually start going up but the USD will go down. +Both scenarios will make my investment either go up by a fraction or go down. +The only way I am making money is if both market and USD will go up. +What am I missing? + +Note: I am making the assumption that the USD and S&P are going in opposite directions because that’s is what I understand from my research, which could be wrong. +My prediction (~ over 15/20 years): + + +Nomimal return prediction: ~7-8% + +Inflation (different in every country): ~4% + +Real return: 3-4% + + +Am I so pessimistic? +Yesterday I saw a post about NFT gaming on this sub and was very surprised by the comments. A lot of people were claiming that NFT gaming is just putting the blockchain label where we don't need to just because it's trendy. Others were saying that NFTs are just money grabs for companies to make even more out of players. And when the whole "you can trade them" argument was mentioned, people were claiming that you can just do the same on Steam marketplace. + +I saw a person trying to defend NFTs by saying how owning your assets can have a nostalgia factor in the future. + +I think we're missing the point here. The innovation is not that in game items can be traded or kept as collectibles. It's that they exist on the blockchain. Not the game, not the platform, not anywhere that has anything to do with where they were created. They are independent entities in the digital world. Why does this matter? + +It matters because anything that’s an NFT can be used anywhere on the internet regardless of platform. I can make a game and make it possible to import items from other games. I can build an eshop that turns your in game items into real world items, just connect with your wallet and whatever NFTs you’ve earned could be turned to physical collectibles and sent to you. + +I can make a website and allow access only for people that own a specific NFT. Not an NFT that I created (although I can do that too), any NFT. Every asset that has ever been produced on the blockchain can be recognized across the whole web and used as a base to built on. I can make my website only accessible to people that own a certain skin in a certain game even tho my website has nothing to do with the game. + +And of course this extends beyond gaming NFTs. You can imagine for example having learn and earn NFTs that you get from completing a course or a certain task. Then I can build a specialized forum but allow access only to people that have a certain skill level, because I want to keep the conversations technical. I can use the learn and earn NFTs to control access. + +I could go on and on, anyone would be able to create an NFT and anyone could use that NFT as a building block for a personalized experience. The possibilities are endless. + +And all of these assets can traded in a worldwide free market (although some NFTs like the learn and earn I mentioned could be non-transferable). + +This is the grand vision of blockchain technology, this is the true next generation of the internet, or as I like to call it, the tokengated web. There has never been a technology that allowed us to do something similar. We're not there yet, and we have a long way to go, but when we do the internet as we know it will change forever. +https://www.bbc.co.uk/news/business-55895162 + +Thought some people on here might be interested to see this. It is far to easy to end up way over your head with these services. +I was watching the trailer for an upcoming FIRE documentary below and noticed that the family was having trouble with FIRE and really starting to doubt it because they have a child and don't want to deprive the child. The wife also desires a two bedroom house in a nice neighbourhood. + +https://www.kickstarter.com/projects/firedoc/playing-with-fire-the-documentary + +I am a single man in his thirties and the main reason I am single is because I haven't met anyone who shares the same FIRE values. I'm also worried about the cost of children. + +Will having a family impact on early retirement significantly? A partner could in theory share costs but having a child would add costs. +I'm wondering what professional or social organizations have benefits for someone on the FatFire journey that continue to deliver meaningful purpose back to you once you've FatFired? It would be great to learn from others about groups they've joined that helped them network, find business opportunities, find a sense of belonging, and give back to their communities. + +Have you benefitted from joining something like the Freemasons or Knights of Columbus? Taking part in charities or your religious community? Toastmasters? I think back to the Dutch Golden Age where wealthy merchants were all part of charitable organizations that gave back to their communities but also served as a networking channel for strengthening one's business (many of the group portraits of this time are of people that led some sort of community group). + +I'm a 33/M, work in FAANGM equivalent with side ventures that bring in additional revenue, on the path to FatFire. As I continue to build wealth towards my goals, I've started to think more about planting the right seeds with the right communities so that when I retire, I'm not a miserly Scrooge McDuck, but have a network of like minded individuals who serve a purpose greater than furthering one's own wealth. During COVID, I moved from a HCOL city where I had an excellent alumni and professional network to a MCOL city where my network is far weaker but the city is growing fast. I want to become more integrated with my new community, meet other business leaders in the area, and be a part of something that gives back. Looking for any ideas that help further the FatFire journey and that will be a part of my life post RE! +Im lost for words + +context: + +im a BTC holder and believer. recently there was a Post in the Bitcoin subreddit about the extremely low fees in the current lightning Network. OP claimed that Bitcoin with lightning has the lowest fees compared to all other alts. + +while im a strong believer in Bitcoin i also dislike the spreading of false claims about the projects i follow either good or bad. so i stated that while Lightning works amazing so far, to claim it has the lowest fees compared to all other alts is factually incorrect. + +now 1 day later im banned for 90 days from the bitcoin subreddit. what the actual fuck? is this normal? +Posting from Australia. Gas is extortionate, groceries are extortionate, wages haven’t budged. My mom had to borrow a couple grand, and I love her and I’ll always be there for my family. But I have credit card bills to pay, rent to pay, food, etc. I think I’ll be okay but…any tips on making your groceries stretch for as long as possible, I am all ears. + +Thank ya, and pray to whatever deity you believe in that I’ll make it to my next pay day. + +EDIT 1: thanks for the silver! But more than than that, thanks for the advice. A lot of cutting portions (using 300g of meat when recipe calls for 500g), watering down soups, clever ways to preserve food. Thanks for that. I appreciate the hell out of it, but mostly I’m just so fucking annoyed that we’re here doing this. My reality is watering down soup so I can eat 5 meals instead of 3. + +As one commenter advised, I think with a heartless spirit, “eat less”. And I guess they’re right. + +EDIT 2: Someone pointed out I didn’t correctly exchange the amounts. It’s actually about $5.65ish for a gallon of gas here. I’m an idiot, but also it just sucks either way. +For example, a high level chemical engineer can make fantastic money in an oil refinery, however as the world becomes greener, this might not be the case. + +Which jobs spring to mind? + +*edit: wasn’t trying to make this a debate about climate change or the importance of oil. Just used it as an example. Relax people* +I'm a manager, and i was just handing out an appreciation award- basically for showing up and being 'reliable'. The employee is a good kid, in any case. But, my boss was asked him what he was going to do with the prepaid visa debit card that came with it. + +Before the kid really thought about it... he blurts out 'Buy More GME', kind of awkwardly because, it's just an awkward question to ask. + +Then it gets real awkward, as my boss realizes what he really just said was 'I'm quitting in a month'. + +And I'm grinning like a fool, trying to not say something like 'Ape Strong Together' or 'This is the way'. +I am a super noob and trying to define/refine my investment goals. I want to get to the point where dividends will be my only source of spending money for variable expenses (gas, fun, food) as a way to keep a tight budget and invest the rest in strong etfs like VOO and keep growing dividends so i can have a gradually larger spending budget. I get that i will have to pay taxes on the spent dividends when that time of year comes around but i would if i had DRIP as well. Right now my monthly dividend payers are O and SPHD. Why is everyone so against spending dividends? Am I missing something? +Here is the link to the article about INTC [laying off thousands of employees](https://www.bloomberg.com/news/articles/2022-10-11/intel-is-planning-thousands-of-job-cuts-in-face-of-pc-slowdown) + +As the capitalist scumbag that I am - do y’all see this as positive for sustaining their dividend? The dividend yield > 5% seems juicy. +Hi guys, I am using options since a while now and it is great. I am wondering why not everyone is using them (at least for buying shares). I mean if you just want to buy shares you could sell a put atm and pocket the premium and probably get the shares (if the stock goes up you pocket the premium/if assigned same as if you bought -> only risk maybe fewer gain) Pretty good risk/reward in my opinion. +If someone is trading active, the wheel is absolutely great for consistent income without more risk than buying the underlying? +So why are there so few people using it. (Properly) +P.S. I am German and here no one is using it. Don’t know how it is in other countries, but I guess it is not common. +Thanks for all answers! +Good evening PF, + +Before I left work today I noticed an issue with my paycheck; very minor. My stat pay was my old wage, it hadn't been updated to my new wage. My regular pay was fine though. I brought this to my employers attention (small business, 2 employees + owner). I figured since I was already talking to him I might as well ask him why my YTD is no longer on my pay stub when it used to be. + +I asked him this and he became visibly agitated. He told me everything essential is on there. I told him that is fine, I was just wondering if there's a reason it was removed. He became angry. This turned into an argument where I just repeated the above question and he just avoided it. + +It wasn't a big deal at all. I honestly was just curious, I didn't even really care. Now I care. Now I want to know why he's being so shady about it. Am I wrong to be paranoid about this? Is there something shady he COULD be doing by hiding this information? + +I will update with photos of my old vs new pay stubs when I get home. + +EDIT: I live in Ontario if that makes a difference. + +EDIT2: After looking up my provincial laws for what is required to be put on a "Wage Statement" [on the Ontario Ministry of Labour website](https://www.labour.gov.on.ca/english/es/tools/esworkbook/payment.php) it is clear that there is no law saying YTD needs to be on there. The whole reaction is what is weird. + +What is required: + +* The pay period for which the wages are being paid; +* The employee’s wage rate (if one exists); +* The gross amount of wages – before taxes and other deductions – and how it was calculated (unless the employee is given the information in some other way, as in an employment contract); +* The amount and purpose of each wage deduction; +* Amounts deemed to have been paid to the employee because of room and board provisions (if applicable), and +* The net amount of wages. + +[Here is a picture of my pay stub with identifying information redacted](http://imgur.com/BJC0kQF). Notice my wage amounts in the bottom left of the pay stub. +Look at the market cap right now: 48 million: +https://i.gyazo.com/242298c564df8c24f00760e713a2f0d5.png + +Here is all your so called "PROOF" from a professional writer since you couldn't search and figure it out on your own and complained about someone else's grammar. + +https://www.bloomberg.com/news/articles/2017-10-03/hedge-funds-flip-icos-leaving-other-investors-holding-the-bag + +Hedge funds made money, the ICO participants we're dumped all the risk. GOOD OFFERING BY KIK. THANKS FOR THE AMAZING OPPORTUNITY. + +I don't need to be an economist to understand what the hell is going on and thank you to the people who did back me in my previous thread. +**Disclaimer: I'm currently in RAC with 2500 shares at $1.27 and may buy more in the lastest cap raise. TLDR at the bottom** + +RAC. Race Oncology. I don't think I've ever seen a more polarising biotech company discussed in this sub, and it appears the recent pre-clinical results + cap raise has put it back to the forefront of some people's minds. Most of us don't have any problems with buying into a dream - I suppose with all the speculative zero-revenue companies that get passed around here that's hardly a surprise. On top of the die-hard RAC believers (RAC-cultists? RACers? RACists? Kool-aid drinkers?), we also have a large amount of people calling the company a scam dream. + +The reason is pretty obvious - Dr Tendies and his rather impressive obsession with Haute Crapper, because let's be real very few people fully care about / understand the science (most of us can't even read so you're pretty elite if you can read this post). + +All of us can have differing opinions on how busy the Chief Science Officer should be, what they should do, and whether or not pre-clinical lab work or clinical trials is hardcore 24/7 (I don't think he actually does any of the trials personally. Also personally I found my limited experience with lab work to be boring - awful lot of waiting around for computers to run assays, reagents to mix etc. Clinical research instead relies heavily on data entry and analysis, which I'm not sure is better.) + +However, regardless of how eager or over-enthusiastic the CSO and some holders are (and I agree some of the price targets from Haute Crapper are absurdly high), I'm not sure how the directors (and Dr Tendies in particular) are going to manage any kind of rug-pull or run a lifestyle company. Seriously -> the good doctor holds 13,450,000 shares or 9.31% of the company as of the latest [annual report](https://onlinereports.irmau.com/2021/RAC/62/), and RAC typically trades <300k (often <150k) in daily volume. Not sure how he can dump all those shares without someone noticing a *Change of Director's Interest Notice*. + +But /u/n00ba7l1f3, can't they just siphon all the money in the company's coffers and run it as a lifestyle company? Perhaps dear viewer. Let's take a look at the FY21 annual report again: + +Non-executive director fees: $178 306 + +Employee benefits expense: $216 524 + +Travel and accommodation: $874 (yes, eight hundred and seventy-four) + +Share based payment expense (the big one): $2 276 196 + +Alright, so this last one is by far the most significant - as far as my smooth brain can tell half of it is options at very generous exercise prices (<$0.50), and the other half is at $2.150 strike. Issue though - if all the "lifestyle companying" predominantly entails employees getting options, how can they realise those gains in the low volume without an official ASX notice? + +**Now let's see what some other ASX oncology companies are up to** + +**IMM** - which has had a pretty bad fortnight, after they released [this annoucement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02449716-2A1337596?access_token=83ff96335c2d45a094df02a206a39ff4) on 10 Nov on their final results from a PhaseIIb study. Let's see - "*Statistically significant and clinically meaningful OS benefit confirmed now in three pre-defined patient subgroups (patients <65 years, low monocytes and luminal B)*". Sounds promising, bit odd with the sub-groups but they were pre-defined (unlike DXB) and in oncology with immunotherapies / targeted therapies it's pretty common to have drugs which only help certain patients - perhaps some of these subgroups had certain mutations which benefit from their drug? + +Oh wait, I see the big problem - "*In the total patient population... reflecting a survival benefit of +2.9 months (HR = 0.88, p = 0.197)*" and thus they didn't mention anything about statistical significance overall because there wasn't any to be had with 95% confidence intervals (CIs). Seems market didn't like that news too much. + +Which is a shame, because it turns out sometimes CIs don't have to be at 95%! Or so that's what **IMU** decided in [this announcement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02311873-3A556044?access_token=83ff96335c2d45a094df02a206a39ff4) released about a year ago, using 80% CIs for the only time I've ever seen in my life to say the key words STATISTICALLY SIGNIFICANT! Also they keep yammering about a one-sided p-value - it seems they mean they ran a one-tailed test. I'm no biostatics genius but I hope that's not what they meant because one-tailed tests are only if the estimated data is known to be definitely on one side of the reference data - aka absolutely not the case in a full on clinical trial for a new drug. + +Even though they have since stepped away from using the 80% CIs per [this announcement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02416151-3A574809?access_token=83ff96335c2d45a094df02a206a39ff4) in September (not that that would have been helped due to a p-value of 0.266), they sure are sticking by their one-sided tests. In all fairness, IMU is looking at a broad scope, these are still early stage trials with few participants, and there might be some misunderstandings on my part. + +**TLDR: But still, are we really going to cry and hate on an over-eager Dr Tendies from RAC who has no feasible way to dump all his shares, and ignore other biotechs which appear to use certainly unorthodox statistical analysis in a possible attempt to chase the 'statistically significant' buzzword?** +I'm a total amateur but trying to understand why debt is a big deal. It looks like a countries debt isn't as meaningful as its debt to GDP ratio. Better yet is it's external debt to GDP ratio, because countries with extraordinarily high debt like Japan don't seem to collapse cause it's mainly owned by Japanese citizens who don't want to collapse their government. + +Better still is 'international investment position', which is basically the debts we owe other countries, minus the debts they owe us. + +Australia has the one of the world's worst net international investment positions per capita of any debtor nation, according to the International Monetary Fund. + +Yet, I never see this talked about? Wouldn't Australia or another country in that situation need to urgently real in it's foreign debt to underwrite it's economic security and the well-being of future Australians from unprecedented financial crises? I sure don't wanna gamble with my entire country's economic system. + +Hello, I question is: how and why are Keynesian economics so effective at growing the middle class? + +Moreover, what was it about the post-WW2 economic system that allowed the middle class to be built up so much? Does the inherent logic of Keynesian economics lead to the growth of the middle class? + +Thanks! +Italy is ruled by a coalition government comprising a far-right (*Lega*) and a populist (*5 star movement*) party. They don’t agree on that much so they formulated a budget focusing on the lowest common denominator: tax cuts and much more (social) expenditure. Both would be able to deliver some of their most important campaign promises. + +Naturally their plans where refused by Brussels and they have been unable/unwilling to come up with a changed proposal. + +https://www.bbc.com/news/world-europe-46203605 + +Italy will been downgraded and the interests on their bonds is going to rise dramatically. + +https://www.cnbc.com/2018/10/10/italy-is-facing-a-possible-credit-rating-downgrade.html + +Italien Banks hold large amounts of Italien bonds whose value is now going to decrease and with it the banks balance sheets and their capital resources which are important to keep them in alignment with European capital requirements. + +Italy won’t be able to rescue its banks. + +Is this scenario likely or am I missing something important? +Move to earn apps are gaining popularity and many seem to even think all of this is sustainable. A huge number of such apps have just launched out of nowhere. + +Stepn for their part helps further the scam by closely controlling how many invites can be sent out each day, thereby ensuring supply/demand and the ponzi scheme doesnt collapse overnight. However they can only do this for so long. New people buying shoes are paying for early entrants to exit. Some time ago, the cheapest shoe to enter was around $700. At the end of this scheme, many will lose their investments they have put into the scheme. + +It is just similar to bitconnect where new depositors withdrawals were limited (you could only withdraw after some time in the system). If you control the entry and exit parametric of a devious ponzi scheme, you can further the time till it all collapses. + +[However, Solana's founder thinks this is a \\"paradigm shift\\"](https://preview.redd.it/62oorpohod191.jpg?width=1086&format=pjpg&auto=webp&s=332688a2f5787dd9649103154300f65f774c38c4) + +Based on these recommendation from "public figures", people are putting money into this expecting profits. If everyone understands it's a ponzi and still decides to play the game, knowing the first one out win and the last one baghold to zero - thats fine given how devious this industry is. But to promote it as a "paradigm shift".... bruh + +Some seem to think its not a scam because "the app makes me go an extra mile a day and I also made $100, I cant possibly be scam". - this is the same kind of thought process that led to $40 BN being wiped off the market just 2 weeks ago. +Timely spoken by Seth Klarman "In a bull market, you learn that everything you buy was a good decision and everything you sold was a mistake. In a bear market, you learn the opposite: Everything you buy seems like a mistake, and everything you sell seems like a smart decision." + +Happy Sunday Folks! +If you’re here reading this now, it’s likely that you know that there was a lot of media and social media attention on Gamestop Stock (GME) and the subsequent rise to $483, from just $5 in mid-2020. + +The purpose of this post is to walk you through a brief timeline and provide some noteworthy research posts, which we call Due Diligence (DD). From here you can continue reading from a well-cataloged list of DD that goes far deeper once you have a top-level understanding of why 550k+ people are subscribed to r/Superstonk and many other GME subs currently. + +**The Thesis:** GME was massively over shorted, it was then massively overly naked shorted, which produced more shares than should be possible (A Lawsuit against Robinhood quotes 200%+ of GMEs float). As a result of this and the explosive attention it gained in late January and continuous/consistent buying that followed, retail shareholders own more than 100% of the float. + +The result of this thesis is what’s known as the “MOASS”, Mother of all short squeezes. While that sounds all well and good, we’re actually here for the stock and its fundamentals, as long term, the potential for insane growth is staggering. + +This is only a short part of the whole story, I recommend reading the following post that fantastically describes it. + +[https://www.reddit.com/r/Superstonk/comments/p1ep8g/3\_major\_reasons\_why\_i\_am\_all\_in\_gme/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/p1ep8g/3_major_reasons_why_i_am_all_in_gme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/x63w0pz2dch71.jpg?width=1895&format=pjpg&auto=webp&s=ef335040a643321ee9fbbddb27ac86ec8adff452 + +In June/July 2020 “Roaring Kitty” aka u/DeepFuckingValue began posting [Youtube Videos](https://www.youtube.com/c/RoaringKitty/videos) alongside his [GME stock positions in 2019](https://www.reddit.com/user/DeepFuckingValue/). That’s right, he bought his April 16th 2021 expiry calls back in 2019. + +While his presence and posting was essentially the trigger for GME, there was another who inspired the rise of retail investors to come along for the GME transformation ride. Ryan Cohen (RC), the current Chairman of the Board - Co-Founder of Chewy, the pet company known for beating Amazon in their space for pet products. His vision has already helped transform GameStop massively since January 2021. + +Since then: + +1. Multiple distribution centers have opened, becoming a fully-fledged e-commerce retailer +2. Retail shops have been refitted (and remodeled) with in house gaming set-ups (think LAN party), following a successful model that’s proven in South Korea +3. Developing an NFT token which is theorized to trigger the MOASS, but more importantly, can flip the landscape upside down when it comes to game ownership, how in-game items are sold, and more. A whole new revenue stream. +4. Brought on an all-star executive team, leaving well-paying jobs at Amazon, Chewy, etc… for Gamestop. These high performers don’t leave their roles for no reason, RC would have had to pitch a vision that they believed in. +5. **Most importantly,** since January 2021, GameStop has paid off all of its long-term debt and even accumulated around $2b in cash for future growth opportunities. + +&#x200B; + +[It is much longer, this is just the top](https://preview.redd.it/lywqwfo6dch71.png?width=1177&format=png&auto=webp&s=248ddb1a20b98b9b6ab09fe7d167d0b7c0a7f755) + +Resources: + +1. [Letter to the Gamestop Board of Directors](https://www.reddit.com/r/Superstonk/comments/nnq2uy/psa_to_new_apes_ryan_cohens_letter_to_gamestop/) \- Nov 16, 2020 +2. [Roaring Kitty Youtube](https://www.youtube.com/c/RoaringKitty/videos) + +&#x200B; + +https://preview.redd.it/hgv0qdd8dch71.jpg?width=1895&format=pjpg&auto=webp&s=336196939ae8df218846a26661b8974739acb666 + +On the 27th of January 2021, GME opened at $354.83 and increased to a staggering $483 before buying was halted by the stockbroker app Robinhood, among many other “new age” brokers. This resulted in GME dropping back down to the $40-50 range in a matter of days, as the ability to buy was taken away from a majority of retail participants while Hedge Funds continued to aggressively short the stock, applying, even more, sell pressure and pushing the price down. + +But, did the shorts close out their positions during this period? Nope. + +As many users' research has found, they hid them through various means, the main one being the use of options. + +Resources: + +1. [The naked shorting scam in numbers part deux](https://www.reddit.com/r/Superstonk/comments/o14ccz/the_naked_shorting_scam_in_numbers_part_deux_up/) \- April 2021 by u/Broccaaa + +&#x200B; + +https://preview.redd.it/uz0bfk3adch71.jpg?width=1895&format=pjpg&auto=webp&s=a7c833a6ed014aafead9e20082805f57d4faf825 + +Throughout February we saw GMEs price being suppressed at the $50 mark for close to a month. This has sparked a wave of research given the suspect decline in price and media outlets pushing that the Hedge Funds who shorted GME have covered. This is true in the sense that they hid their shorts through the use of options, but they have by no means closed them. They simply kicked the can a bit further down the road. + +While Hedge Funds are making these shady moves, research uncovered that the Depository Trust & Clearing Corporation (DTCC) implicitly enables these situations by design, from naked shorting GME above 100% its’ float to kicking the can (naked shorts) down the road. + +Resources: + +1. [Piecing together the ITM CALLs and the OTM PUTs](https://www.reddit.com/r/GMEJungle/comments/orrblw/speculative_piecing_together_the_itm_calls_and/) \- July 2021 by u/Criand +2. [House of Cards I, II & III](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) \- April to June 2021 by u/Atobitt + +&#x200B; + +https://preview.redd.it/8cblaneblch71.jpg?width=1895&format=pjpg&auto=webp&s=a8cc9bb2d78af4354acc7ae8484dbb335b06986a + +Since the price suppression of February 2021, [we’ve observed at least three large price increases](https://www.tradingview.com/chart/VWdwJbOd/) at seemingly random times. This is an ongoing field of research into why. What we know with certainty though and is observed through the resources above, is that those who shorted GME have not closed out their positions.. The Mother of All Short Squeezes (MOASS) is still very much on the table. + +Research evolves in this subreddit, improving upon hypotheses each of us has. The current theory on what’s driving these price movements are supplemental liquidity deposit periods (SLD) and net capital requirements for those who are short GME. + +Resources: + +1. [OTM PUTs are the passed puck of short positions that is slowly being passed back. The price movements are around monthly options, SLD periods, and net capital requirements. Not FTDs.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) \- July 2021 by u/Criand + +&#x200B; + +https://preview.redd.it/wf7rwp5ddch71.jpg?width=1895&format=pjpg&auto=webp&s=d4f1460b7aed6be27714bb67380b53fefb0374f6 + +Now you have a base level understanding, I encourage you to check out the following resources to continue developing your understanding and/or start researching yourself! + +Resources: + +1. [Find all the tools you need to start writing DD here](https://www.reddit.com/r/Superstonk/comments/p1q4kv/tools_of_the_trade_pinception/) +2. [The GME Masters' Guide: A DD Campaign for Apes Levels 1-20 (The GME Story in 100 DDs) ](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/)\- May 2021 by u/Blanderson_Snooper +3. [wikAPEdia](https://github.com/verymeticulous/wikAPEdia) \- by u/Meticulous- +4. [Great for searching through Reddit](https://redditsearch.io/) +5. [A full timeline of GME](https://gmetimeline.com/) +Pretty straight forward. I'm living paycheck to paycheck. I've never been able to save more than $100. Anytime an automatic transfer was made to my savings account, I would transfer it back. I also have Wells Fargo, so anytime I purchase something, a dollar gets transferred to savings - only to be put back into checking. + + In December I decided to remove my savings account from my online banking. This does *not* close your account, it simply makes it inaccessible from your online banking. By doing this, it prevented me from logging in and transferring money easily back to checking. If I really needed it, I could go to the bank and make the transfer. + +Lo and behold, I learned to budget without the extra money and haven't touched a penny in my savings. Today I went to the bank and realized I now have over $500 saved. It feels so good and so surreal. I also feel *relief*. It's so stressful knowing that at any moment, my car could break down or something else could happen out of my control and I wouldn't have a place to start making up for it. + +Anyways, if this helps anyone, then I'll be happy. +Please forgive me if this is a little off-topic, but I was searching around on Reddit for the appropriate sub on life planning, and was encouraged by the response u/anon-e-muss got in this [thread](https://np.reddit.com/r/financialindependence/comments/1ne10e/when_do_you_stop_how_much_is_enough_why_isnt/ +). I’m in a similar situation, and would be grateful for your thoughts. + +ABOUT ME: + +Age: 44 + +Net worth: Around $1.6M: $700K in after-tax accounts, $700K in pre-tax accounts, $190K equity on a $500K mortgage in Manhattan. + +Status: Single, never married, no children + +Education: BA, MBA from top schools + +I value my health, I’m in excellent shape for my age, and my family tends to be long-lived. I make a little over $100K a year as an individual contributor, never management. But my industry has taken a turn that I don’t like, and since I’m getting older, I find myself with younger peers who don’t share the same values as me. + +I’m frugal by nature, and in the past two decades, the most I’ve spent in a year was $50K (and that included starting a mortgage and paying for graduate school.) Without those expenses, I probably spend around $25K. + +POTENTIAL PATHS + +I could retire, but I’m not sure what I would do with the time. I've traveled plenty. I’d probably still want to work. I'd probably spend more time exercising and resting though. + +A few years ago, I was lucky enough to get a three month sabbatical, so I’ve had the pleasure of an extended adventure. I liked it, but I’m very goal oriented, so it turned out like work. Work that was fun, got me into better shape, with fewer unpleasant co-workers — but still work. + +Ten or 15 years ago, I would have immediately set upon planning more travel, but as my youth recedes and death looms larger, I think more about my legacy and effect on the world. + +A NEW LIFE: + +For many people, that legacy is kids. But my romantic prospects have never been great. I’m attractive and personable but I’m not especially gregarious. + +It has passed my mind to retire early and devote myself to developing a social identity in a cheaper city, with the aim of finding a community, a wife, and having kids. I don’t especially like kids, but don’t hate them either. In all the books I've read, it seems relationships are the most important thing in life. + +But I’m not sure how I would go about that. And I may be too old for kids. And $1M is doable for an early retirement for a single frugal guy, but women and children require more money. + +MOVING UP: + +For legacy, I have also thought about finally putting in the extra effort to vault myself into management, and focus my extra time and energy and desire for impact there. It wouldn’t be for money, but for the chance to develop new skills and create that legacy. But I may not have the personality for it, and I grow less enchanted with the industry I’m in daily. + +A NEW PROFESSION: + +A third path would be to go into a new profession. I’m confident of my academic skills. I have considered medicine to help people and have a positive effect on the world — but I already have an MBA. I know I would struggle with the long nights and wear and tear on my health. My career would also be shorter too, but medicine is something you can practice until you die. + +What’s more, after seven to ten years, I might wind up where I am today, still vaguely dissatisfied. + +If anyone’s been in a similar situation to mine, I would love to hear from you. Thank you for reading. +Coinbase CEO here. We take our fair share of flak on /r/bitcoin so in some ways it was a normal day. But I was also pretty surprised at what I saw happen today and wanted to share it since it is important that we keep the /r/bitcoin community free of voting manipulation. + +Today we made an [announcement](https://blog.coinbase.com/2015/04/07/introducing-bitcoin-hackathon-v2/) on our blog saying that we're giving away $20k of bitcoin to people building bitcoin apps (a hackathon), along with some other stuff (Boost.VC investment to the winner, guest judges, etc). Not an earth shattering announcement by any means, but overall a positive thing for the bitcoin community that will generate some cool new apps and developer interest. + +Yet you probably never heard about it. + +The first post on /r/bitcoin which went live linked to our blog post. +http://www.reddit.com/r/Bitcoin/comments/31s4gz/introducing_the_bitcoin_hackathon_v2/ + +Combined up and down votes came to a total of 0, along with a nice "Fuck off Coinbase" message. + +Some media decided to write about the hackathon, and thinking the above situation was sort of strange, I went ahead and posted a link to one of the articles: +http://www.reddit.com/r/Bitcoin/comments/31son1/adam_draper_fred_wilson_and_gavin_andresen_to/ + +Same thing happend: 2 upvotes and and a nice "fuck off Coinbase" message by the same throw away account. + +This is especially surprising if you consider that last year when we ran the exact same Hackathaon, it got 289 upvotes. http://www.reddit.com/r/Bitcoin/comments/1xu0ot/coinbase_launches_bithack_an_online_bitcoin/ + +Seems pretty obvious it would get upvotes. You don't even have to use the Coinbase API at all - you can literally build any cool app that uses bitcoin in any way and we will give you free money. The outrage! + +I've been trying to think about how this happened. My only theories are: + +**1. Reddit voting ring detection is busted and is downvoting us incorrectly** + +There are a bunch of Coinbase employees in one office behind a single IP, and some of them might have upvoted it (although we discourage this in case it triggers voting ring detection). I can't imagine more than a few Coinbase employees upvoted it, if any, before it got downvoted though, so I'd be a little surprised if this was the case. + +**2. There are bots or trolls actively down voting Coinbase stuff** + +This seems plausible given the throw away account chiming in on both posts. But they would need (I assume) more than a troll or two to actively down it into oblivion. + +**3. There is some other explanation I haven't considered** + +I have noticed that a lot of our posts that make it to /r/bitcoin have very binary outcomes - either they sail to the front page and get upvoted to the moon, or some trolls snag the first few votes, and it never sees the light of day. + +Anyway, if there is some other theory I would love to hear it - it would really suck if people were figuring out ways to manipulate reddit's voting for any purpose. Even if you don't like Coinbase, hopefully we can all get behind preventing voting rings (and giving money to bitcoin developers). + +So...what the gosh darn heck is going on? + +-- + +**Edit:** troll justice, now that this is on the front page please [register for our hackathon](https://developers.coinbase.com/bithack/register) which is giving $70k in total prizes to people building new bitcoin apps all over the world. Fred Wilson, Chris Dixon, Gavin Andresen, and Adam Draper will be guest judges. This coincides with the launch of our new [developer site](https://developers.coinbase.com). Thank you! + + +I am completely lost. My fiancé broke up with me out of the blue (for me anyway). We had been together for 5 years and I was living in his house. Now I am completely heartbroken and also homeless. For the time being my daughter (14) is with my parents and I am in the nearest big city, four hours away. + +I was looking for a job in my profession for almost a year in our small town. I was rejected over and over. Within two weeks in the city I have found a job. That is, I signed the contract, its still pending on my background check. It pays $49,000 a year and has full benefits. To save money I am sleeping in my car and couch hopping with the few friends I have in the city while I hunt for a place to live. I start work August first and really want a place by then. + +**Here's where I’m at..** + +**Assets** + +$5,000.00 in my accounts + +20 year old Subaru, so no car payments + +Some apartment furnishings + +No credit card debt + +Probable job + +**Issues** + +I made $4,000 in cash last year and didn’t file taxes + +No idea about credit score or if I can rent an apartment + +$480 a month in student loans + +I’m so thoroughly heartbroken it hurts to breath and I can’t think straight + +**Some of my questions are..** + +Should I try to check my credit score and if so, how? + +Do I need to figure out a way to file back taxes? + +What steps should I take now to exist on my own financially? + +Is it better to have a studio for two people that I can easily afford or a larger place at the top of my modest budget? Going rates are- studio $900+ a month, 1 bedroom $1000+, 2 bed $1200+ + +What else am I missing because of my compromised mental state? + +I am not used to reaching out for help, especially to strangers on the internet. However I am so lost that I really can’t do this on my own. I have always been impressed by the ability and willingness of this community to help people see a way forward and so I am humbly asking for your advice. Thanks everyone +A bit of advice based on a trend I’ve been noticing in one of my friendships. If you are doing well financially, be careful about evangelizing to or dispensing advice to people around you. I think there can be a tendency to assume that if you’re killing it financially, you must be the only one who is, or you’re the most advanced one, and everyone else just fell off the turnip truck. I think there’s even a tendency when you’re financially successful to assume that you have the best recommendations/advice to give about other topics as well (like consumer goods, relationships, travel, diet, etc.). + +SO and I are almost certainly on equal financial footing to this other couple we know, but we don’t have any visible markers of success like they do (e.g., homeownership). I wouldn’t say they talk down to us necessarily, but they definitely give unsolicited advice and offer us help a lot, and it’s really awkward. It just rubs me the wrong way and I hope you all (and myself) never behave this way. I don’t mean to generalize based on one anecdotal couple, but I do think being on the FIRE path can exacerbate this. You never know who you’re talking to and can easily come across as a douche without realizing it. +OK so I am in an argument with my co-worker. She says the Government has an obligation to provide for affordable housing. And that therefore it should establish price ceilings, for rent. And for any other luxury item like shoes even (beyond the first pair). She lives in an apartment in NYC that is rent-controlled, she says the landlord has been charging $2400 and she's paid that for 3 years, she now thinks he should have been charging $2100 and she is 'entitled' to the $300 variance going way back to when she moved in. Im saying she signed a lease and paid the amount, so that's it. This could be covered by rent control laws which I dont know about (in NYC building with rent-controlled apartments are worth less than their wide-open neighbor for obvious reasons), and this led us to a larger discussion of should-landlords-get-to-charge-whatever-they-want. I said my neighbor in Bed-Stuy bought a bombed out shell, spent $1M renovating, and is now renting out for the highest possible price, and that those prices are set by the market, and that I do not believe the government has the purview to come in and tell him what he can charge for those apartments. She says the government is obligated to do so in order to create affordable housing. I think the guy wouldnt have done it if the government told him what he could charge (or would have made something shitty to make the numbers work). +I get the government can set price FLOORS for certain things, like wheat, and why. She says the Government should be setting ceilings on most items and all luxury goods.... she says even shoes are luxury items after the first pair... + +I say this is a conflict as always between true market forces and government regulation.... + +What do economists say about the government setting price CEILINGS, like for rent or even everyday items like shoes, cars, etc.? +A great dividend aristocrat at 52 week low. Has been taking a beating this year and just got downgraded. Will likely continue at these low levels for awhile. I think this is a great spot to open a position. Thoughts? + +FWIW, I own 70 shares at ~$116 so I will be continuing to DCA. +- deglobalization is not going to go away. Deglobalization causes stagnation and inflation. + +- record levels of global debt accrued during two decades of low interest rates + +- low interest rates cannot continue due to inflation that is systemic from point 1 + +- global debt is at about 300% of gdp. If interest rates even go to 8.3%, that's 25.2% of global gdp just to pay the interest + +- everything bubble has been popping and will continue to pop + +Mass defaults will happen, and interest rates will not be able to cool inflation because the amount of default that would occur at even a small real rate would be catastrophic. + +I understand that nothing's certain, but why isn't this your base case? +When talking about forex with the ability to make great profits to someone new, immediately that person wants to do the least amount of work, acquire the least amount of knowledge and spend the least amount of time and be as profitable as possible. It's an equation that doesn't make sense but a newbies go to. Why? +https://www.bloomberg.com/news/articles/2018-01-29/keurig-to-buy-dr-pepper-snapple-group-for-103-75-a-share + +> Keurig Green Mountain Inc. agreed to buy Dr Pepper Snapple Group Inc. for $103.75 a share, combining coffee and soda in a giant beverage merger. +Hi people. I just got paid my annual bonus, and I'm looking to put 70% of it into ETH, 20% of it into alts and 10% of it into a vacation to Croatia. I'd like to keep it to not more than 3 or 4, mainly because I don't want to give myself 10 new charts to obsessively check. + + +I've already decided on Antshares mainly because it looks like the chinese ETH, and because apparently they already have a handle on sharding. The others I'm looking at are Ripple and XEM. + + +Some "nice to have" (but not required) features that I'm looking for are: + + +1) Announced partnerships with major companies/corporations + +2) Are more than 1 year old (possible exception of IOTA) + + +I am fine to invest in coins/tokens that run on bitcoin's blockchain or, but also want to be aware of any new blockchains. So far the only I have found that fit that description are Antshares, Ripple, XEM and IOTA. Any others I'm missing? + + +I'm also interested to hear anyone's thoughts on Factom and PIVX. Any any other suggestions as well, but please say why. If it's an article you read or something, links appreciated. Also, if anyone sees someone talking something up but disagrees, don't be lazy--comment your thoughts! Finally, if you feel comfortable, post your holding percentages. + +Thanks for your help ethtrader! Hopefully we can all learn something. +I feel like people manage to do this even when they're not particularly well off. +I also wonder if I could do it as I'd fancy the project. + +Do they include the money for the work as part of the mortgage? How does it work? Does it cost extra in fees or interest? +Thanks +Looking at a daily chart of SPY, the security has been in an ascending triangle pattern since the selloff in November. It bounced off the lower support yesterday before breaching it this morning. The average is currently trading just above support, but the price action seems tired. It has certainly not been positive since its record intraday high on 2/16. + +It should also be noted that the 9-day Exp Moving Average has fallen to $3878.99 on the daily chart and the 20-day Exp Moving Average is at $3871.33 at the time I am writing this. If we do get a bearish cross where the 9 Day EMA falls below the 20 Day EMA, that might be another warning sign. + + +I am not a professional and this is certainly not financial advice, but I have played this by purchasing a MAR 19th 387 PUT for $9.70. IF the average were to breach support again and fall 1/2 the height of the triangle, SPY could trade down into the 350 range and this option could yield a 200% gain. + +I would love to hear anyone's thoughts on this strategy. + +https://preview.redd.it/nuncuqe9lvj61.png?width=1125&format=png&auto=webp&s=dfd2cf101d572464ef166ed8e8cc614f30305d79 +Just weighing my options now that I'm done house hacking. Do people actually buy multis with renters in place and put up the full 20-25% down payment? + +I read so much about BRRR that turnkey doesn't seem popular. + +About how much cash flow do you look for on turnkey? + +What metric do you use to find deals since COC return is not as strong as house hacking. +What's up FIRE community. I wanted to share my personal "FIRE" story. + +I'm a single 24 year old guy, and I got my first job working finance for a large company in March 2020. You know, when COVID-19 hit. I was in the office for a week, and then my company went remote. Remote work was chill. I talked to my friends all day on the phone, played some Xbox, and did whatever it is that 22 year olds do when they have too much free time. I also discovered the stock market. + +Maybe some of you have heard of SPACs. Well I put $6k in a Roth IRA, and I turned that $6k into $300k+ in less than a year trading said SPACs. Was it awesome? I mean yeah, at first. What I didn't realize at the time was how much the stock market was controlling my life. All of my conversations gravitated towards investing. My subconscious mind was thinking about P&L at all times. I didn't sleep well, and I checked my portfolio every 15 minutes or so every day. Now I was one of the lucky ones: in hindsight I had all of the signs of a gambling problem, but I was good. + +Then a month or so ago, I lost $130k. In a day. See when you play aggressive games, you are going to take aggressive burns. I should have cashed out at the top, but that's no fun, is it? + +The problem was when I had $6k, I wanted $30k. Then $50k. Then $100k. Then $250k. Then $500k. If you've never been in the game, it seems stupid. But I kept winning, so the goal post kept moving. I never hit that $500k. In fact, I dropped well below $200k. Losing over $100k at 24 years old should have hurt, but honestly I was a bit relieved. + +Why? Because it snapped me out of the game. I realized that whether or not I was making $$$, it didn't matter because I could never be present in my life. What a trash existence. That loss was the best thing that ever happened to me. + +I sold everything and went all in on SPY. I still have a six figure Roth IRA at 24, which is better than most. I consider myself lucky. + +"Wait Barmelo, I thought this was about travel?" + +Yes, but I needed to provide a bit of context first. + +So my company announced in July that we would be going back to the office in September. Well that didn't sound fun to me. I'm in a unique spot in that I will be beginning graduate school at Columbia University in Fall 2022. I still have a good bit of money both 1) saved up and 2) from stocks, and I realized that I would be selling my car before I moved to NYC next year too. + +I bought a one way ticket to Barcelona, sold my 4runner, and told my company I was quitting. + +Why? + +Well we Americans spend way too much time working working working without a thought for anything else. + +Graduate high school to get in a good college. After college get a good job. Then get married. Then have kids. Then work to put them through school. Then retire and spend the last years of your life chasing ambitions when you're too old to enjoy them. How sad. + +Well the FIRE community wants to accelerate that retirement to let you enjoy those benefits sooner. The problem with that is that many people ignore their present to save for the future so much that they are miserable for years while trying to hit that target. Guess what? That mythical "target" won't make you happy. + +I decided to take the first of what could be several "mini" retirements in life. I mean dude, I'm 24. I wanted to go see the Northern Lights in Iceland. Party in Prague. Ride a camel in Morocco. Walk where Jesus walked in Israel. Smoke some weed in Amsterdam. Fall in and out of love all over the world. Make a ton of mistakes, and even more memories. + +And you know what? I'm a month in writing to you from Sevilla, Spain right now, and I have done some of those things. And it's freaking awesome. + +We spend way too much time building financial capital at the expense of social capital, and that's a piss poor trade off. + +It's okay to have fun. And spend some money. And enjoy yourself while you're young. + +I realize I'm speaking from a place of privilege. I'm going to a great grad school next year that will allow me to get a great job. I made a lot of money on the market which boosted my retirement account AND helped fund my trip. I had a car that sold for way more than it was worth. + +But I know young people like me lurk this forum. Guys who will cut every cost to retire at 38. This is for you. When you're 60 you won't care if you retired at 38 or 40. You will care if you made memories worth remembering when you were young. If the choice is a journal full of incredible stories or a bank account full of dollars, go with the former. + +Take care of your money, but don't forget your life along the way. +I have long been a follower of this subreddit and wanted to reach out to you all to see who would be interested in creating a work group revolving around quantitative sports betting. + +&#x200B; + +About me: I have a PhD in Mathematics and Computer Science. I have been involved in quantitative trading for equities for a little while now working for a hedge fund. + +&#x200B; + +I think there is a lot of scope in quantitative sports betting. Though there are a few rising funds which do this now, this is still a nascent market. Arbitrage opportunities for retail traders still existed until only a couple years ago, and though they might still today, I want to focus on more quantitative models for predicting the outcomes of matches. + +&#x200B; + +In the worst case, this would be a study group for people interested in exploring the possibilities here and learning some cool new ideas. At best, this would be the first step towards a small sports quant fund or for a few of us to earn a few thousand bucks. + +&#x200B; + +Ideal people for this group: Should already know programming and have decent quant and statistical skills, though expertise not required. We would all be learning here. Should be willing to explore new things and willing to spend the initial time and grind it takes when entering a new field. As all us do have other jobs, we should only expect a few hours of work each week. I think a small group of maximum 4-5 people would be best given the nature of this as an online study/work group. I think progress is faster with a study group rather than individually when exploring something new, hence this post. + +&#x200B; + +Regarding what sports to focus on, I had tennis on my mind because I conjecture that it would be one of the easier sports to work with. Team sports like baseball, football and basketball I conjecture to be harder to model (players keep changing teams to name one complication), but this should be something to explore in due time. I know that a lot of the rising sports quant fund make a lot of money from e-sports tournaments as well, so ultimately I want to get there as well. + +&#x200B; + +Once we have a working team, I will begin a blog with weekly updates on our progress, ideas to explore and share interesting articles. + +&#x200B; + +For anyone interested, please PM me. For anyone with good resources or insights to share on the topic, please do so as a comment so that interested others can also have a look at them. +· Introduction: In [my previous DD](https://www.reddit.com/r/Superstonk/comments/szo47s/the_final_date_tuesday_morning_march_1rd_is/), I outlined the history and motivations of Team Shit Face. This DD serves to highlight exactly how they use options to roll their naked short. It provides an outlook for the future and explains the only dates you’ll ever need. + +· Do you remember XRT becoming a threshold security in January and December? That was by design as a last-ditch effort to crash the price and roll as much liability forward as possible. The option technique is called reverse conversion. It’s a rare options strategy that is only profitable when Put/Call parity equation is out of balance. I will explain how this strategy is a way to create a synthetic long while exercising a short, tricking the CNS system into thinking it’s a neutral position. + +**· PART I. Failures to Deliver Drive Price Movement** + +**· PART II. Team Shit Face Hides Short Interest through Options (& ETFs + Futures)** + +**· PART III. The Continuous Netting Settlement System & Exemptions** + +**· PART IV. The Case of Gary S. Bell & Where We Go Next** + +\--------------------------------------------------------------------- + +**· PART I. Failures to Deliver Drive Price Movement** + +· There are many factors that play a role in the manipulation of price action but settling a failure to deliver is inevitable. When we hear about options settlement, common sentiment states that contracts need to be settled in T+2. However, Market Makers get around this by loopholes in the Continuous Net Settlement (CNS) system. [Market Makers have 35 calendar days](https://www.sec.gov/investor/pubs/regsho.htm) from the FTD to locate the shares and settle. They do not deliberately choose to wait until last minute to roll the FTD forward, but they largely don’t have a choice because they have been continuously rolling forward a sea of FTD’s for years. + +>· Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity. + +· This is crucial in understanding the last few runs. If you look at the [Wayback Machine](https://web.archive.org/web/20200304172226/https:/www.marketbeat.com/stocks/NYSE/GME/options/) I highlighted in my last DD, you can see a few dates listed that Team Shit Face likely used to manipulate the stock. All these options would typically settle on the next Tuesday, (January is an anomaly because the Monday was closed for MLK Jr. Day). These options failed to deliver on the following Tuesday, so the MM FTD gets kicked down the road 35 Calendar days. *Notice anything interesting about the highlighted dates?* + +· 01/15/2021 - Options settle the following Wednesday. MM FTD + C35 -> **Feb 24st.** + +· 04/15/2021 - Options settle the following Tuesday. MM FTD + C35 -> **May 24rd.** + +· 07/16/2021 - Options settle the following Tuesday. MM FTD + C35 -> **August 23st.** + +· 01/21/2022 - Options settle the following Tuesday. MM FTD + C35 -> **March 1nd.** + +· These fails from options settlement finally get netted 35 days later. I’ll explain in Part II how these positions are exercised, then converted into synthetic longs and realized shorts. At each expiration for their position, they need to locate at t+2+35 then roll their dog shit position. + +· In theory, we should be able to look at previous FTD data to decide when to trade. Finra released garbage FTD data for the second half of January that even used wrong dates. Also, a lot of these fails are spread across ETFs with different stock weighting, so they can hide their rolling strategy. + +· The sneeze in January was caused by Ryan Cohen purchasing 20% of the free float in December which made shares very hard to find. These FTD’s didn’t come due until late January, and the added buy pressure from retail began GameStop’s launch. **The way back machine dates are runs caused by Team Shit Face sham-closing their positions and rolling it to higher strikes.** + +· GameStop had reported 140%-240% short interest. SEC report said that price movement was not due to short covering or gamma squeeze. After buy button was removed, some sketchy option play happened, and then short interest was magically gone. **It has been evident from the start that options have been used to hide short interest and roll forward their naked short positions.** ***How does it work?*** + +\--------------------------------------------------------------------- + +· **PART II. Team Shit Face Hides Short Interest through Options (& ETFs + Futures)** + +· *WARNING:* I am going to be talking about technical terms such as a “buy-write”, “married put”, “FLEX option”, and “Put/Call parity”. Smooth brains, I know you won’t read it so… **TA;DR: MM + Hedgie both on Team Shit Face. They sell options to each other that they know will fail to deliver. Called “sham close-out”, which is a violation of Rule 204(f). They use a tactic called reverse conversion, which is a synthetic long position equal to 100 shares. This position is rare because it is only profitable when securities are hard to borrow and puts are overpriced, it also expires and must be rolled forward at a higher price.** + +· *I will be referencing a lot of information outlined by* [*this SEC risk alert*](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) *by* *the Office of Compliance Inspections and Examinations. Go read it.* + +· *Key Trading Terms and Concepts:* + +· A “buy-write” trade is a simultaneous sale of calls and purchase of the equivalent amount of shares in the underlying stock. Buy-writes associated with the activity at issue typically employ deep in-the-money calls. + +· A “married put” is the simultaneous purchase of a put and a purchase of the equivalent number of shares in the underlying stock. When associated with the activity at issue, the married puts typically employ deep in-the-money puts. It is theorized that they tie these together on their books then sell shares, making them divorced puts that they still count as shares. + +· “FLEX” options are exchange-traded options that have non-standard, customizable contract terms. The main features of FLEX options compared to standard traded options are the abilities to specify the strike price and the expiration date. + +· Options are priced in the marketplace so that the price of the underlying security is the same as the “synthetic” price of its options. This relationship between the price of a security and its options is known as “Put/Call Parity.” For example, a “synthetic” long position, which consists of a long call and short put of the same strike and expiration date (also known as a “long combination” position), is typically the equivalent of a 100 share long position in an equity security. When the “synthetic” position is priced correctly with respect to the actual shares, no potential profit opportunities exist in the market. In other words, being long the “synthetic” position (e.g., the long combination) and being short the actual shares normally results in a riskless, fully hedged, and profitless position. This position is commonly known in the industry as a “Reversal.” + +· Deep in-the-money calls are options with a strike price well below the underlying stock price. For an equity option with the standard delivery terms, a synthetic long position of 100 shares of the underlying. If the clearing firm or broker-dealer that was allocated the fail to deliver position enters into an arrangement with another person to purchase securities as required by Rule 204, and the clearing firm, or broker-dealer that was allocated a fail to deliver position, knows or has reason to know that the other person will not deliver securities in settlement of the purchase, then the transaction is a sham close-out, in violation of Rule 204(f). + +* **· The Initial Transaction Example:** + +>• Stock XYZ trading $51.00 +• May 50 Puts on XYZ trading $3.00 +• May 50 Calls on XYZ trading $3.00 +· Trader A: Sells 10,000 shares XYZ @ $51.00 Buys 100 May 50 Calls @ $3.00 +· Sells 100 May 50 Puts @ $3.00 +· In this example, the “synthetic” position is trading for $50, which is simply Call Price - Put Price + Strike Price. The actual shares are trading for $51, so that Trader A has effectively sold shares for $1 more than it paid for them, in a simultaneous transaction. Each time the trade is made, Trader A is earning a $100 profit, assuming that (a) Trader A is not being charged a fee to borrow shares to deliver on the short sale and (b) the clearing firm does not affect a buy-in against the trader to close-out a fail to deliver position. In this case, the trade was made 100 times, so that the profit would be $10,000. The sole reason for the disparity between the actual shares and the “synthetic” position is the fact that the shares of XYZ are hard to borrow. + +* **· The Second Transaction to “Reset the Clock”** + +>· Assuming that XYZ is a hard to borrow security, and that Trader A, or its broker-dealer, is unable (or unwilling) to borrow shares to make delivery on the short sale of actual shares, the short sale may result in a fail to deliver position at Trader A’s clearing firm. Rather than paying the borrowing fee on the shares to make delivery, or unwinding the position by purchasing the shares in the market, Trader A might next enter into a trade that gives the appearance of satisfying the broker-dealer’s close-out requirement, **but in reality allows Trader A to maintain its short position without ever delivering on the short sale.** Most often, this is done through the use of a buy-write trade, but may also be done as a married put and may incorporate the use of short term FLEX options. These trades are commonly referred to as “reset transactions,” in that they have the effect of resetting the time that the broker-dealer must purchase or borrow the stock to close-out a fail. The transactions could be designed solely to give the appearance of delivering the shares, when in reality the trader has no intention of meeting his delivery obligations. The buy-writes may be (but are not always) prearranged trades between market- makers or parties claiming to be market makers. The price in these transactions is determined so that the short seller pays a small price to the other market-maker for the trade, resulting in no economic benefit to the short seller for the reset transaction other than to give the appearance of meeting his delivery obligations. Such transactions were alleged by the Commission to be sham transactions in recent enforcement cases. Such transactions between traders or any market participants have also been found to constitute a violation of a clearing firm’s responsibility to close out a failure to deliver. +· Trader A may enter a buy-write transaction, consisting of selling deep-in-the-money calls and buying shares of stock against the call sale. By doing so, Trader A appears to have purchased shares to meet the broker-dealer’s close-out obligation for the fail to deliver that resulted from the reverse conversion. In practice, however, the circumstances suggest that Trader A has no intention of delivering shares, and is instead re-establishing or extending a fail position. +· To the broker-dealer or clearing firm, it may appear that Trader A’s purchase, in the buy-write, has allowed the broker-dealer to satisfy its close-out requirement. Trader A continues to execute a buy-write reset transaction whenever necessary, and by the time of expiration of its original Reversal, it may have given up some of the profits in the form of premiums paid for the buy- writes, but it has maintained its short position without paying the higher cost to borrow or purchase shares to make delivery on the short sale. In each buy-write transaction, Trader A is aware that the deep in-the-money options are almost certain to be exercised (barring a sudden huge price drop), and it fully expects to be assigned on its short options, thus eliminating its long shares. + +***· These options strategies serve to hide naked short positions by rolling their FTDs forward at options settlement periods. It doesn’t have massive impact on options chains because they deal in very low Open Interest options and use custom terms to trade amongst each other “FLEX Options”. Manipulating their books this way allows them to not close their short position and take advantage of loopholes in the netting system.*** + +\--------------------------------------------------------------------- + +· **PART III. The Continuous Netting Settlement System & Exemptions** + +· The Continuous Netting Settlement System is a way that Team Shit Face manages their risk and helps to avoid circuit breaking buy pressure. In order to settle options, they cancel out buys and sells. If the options chain is very skewed, then they need to post much more SLD and it increases volatility. **This is why Team Shit Face uses these options to create synthetic longs and artificially balance their position. They come to a pain point when they need to exercise and roll their synthetic long.** + +· Think back to the way back machine in Part I. Consider that every single long option purchased for January 2022 was ITM. Every single put was OTM. Remember that Team Shit Face used options to hide naked shorts (and even hedge variance swaps) and all those longs will be exercised at expiration. + +· Over the past year new options were written to balance the order book in order to help netting process, but the calls will be skewed heavily regardless due to long term investment. You can look at the steep and deliberate drop for the 2 months leading up to January’s expiration. They were obviously desperate and exercised as many puts as possible to drop the price for Jan’s LEAPs expiration. Nevertheless, there will be a tidal wave of FTDs that will come due C+35. + +· [Here is the link to the NSCC Rulebook](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf). I highlighted 3 subsections to Procedure VI & VII. + +>· Stock Record Update- Each day, Settling Trades shown on the Consolidated Trade Summary are netted with the Closing Positions which have been carried forward from the previous day. The resulting net positions represent the quantity of each security due for settlement by the Member on Settlement Date. A long position represents the quantity owed to the Member by the Corporation (the Member’s fail-to-receive). A short position represents the quantity owed to the Corporation by the Member (the Member’s fail-to-deliver). The Corporation is the contra side to all long and short positions. +· Exemptions- Except as described below, each Member has the ability to elect to deliver all or part of any short position. It controls this process by Exemptions. By indicating a particular quantity as an Exemption, the Member directs the Corporation not to settle certain short positions or portions thereof. Exemptions govern short positions in the CNS Stock Record and not Designated Depository positions. All short positions or positions thereof for which no Exemption is indicated are settled automatically to the extent that the Member has made such securities available in the Member’s Designated Depository account or they become available in its Designated Depository account through other depository activity. Notwithstanding the above, a Member may not exempt delivery of any securities available in an agency account established at a Qualified Securities Depository for the processing of transactions through the ID Net Service. (a) Types of Exemption- The CNS system provides for two levels of Exemption. By proper use of the Projection Report and Exemptions, Members can utilize current inventory as well as securities received from other sources on settlement day in order to satisfy delivery requirements. + +\--------------------------------------------------------------------- + +**· PART IV. The Case of Gary S. Bell & Where We Go Next** + +**·** I encourage you to read [the case against Gary S. Bell](https://www.sec.gov/litigation/admin/2011/34-65941.pdf), as it will provide insight as to how Market Makers rely on exemption to violate locate and close out requirements. Bell was charged with many violations of regulatory requirements, and he was charged ~~with life in prison and a~~ fine of 4 scooby snacks. + +>**·** The second type of transaction, referred to herein as a “reset,” is a transaction in which a market participant who has a “fail-to-deliver” position in a threshold security buys shares of that security while simultaneously selling short-term, deep in-the-money4 call options to, or buying short-term, deep in-the-money put options from, the counterparty to the share purchase. The purchase of shares creates the illusion that the market participant has satisfied the close out obligation of Reg. SHO. However, the shares that are apparently purchased in the reset transactions are never actually delivered to the purchaser because on the day after executing the reset, the option is either exercised (if a call) or assigned (if a put), transferring the shares back to the party that apparently sold them the previous day. This paired transaction allows the market participant with the fail-to-deliver position to effectively borrow the stock for a day, in order to appear to have satisfied the close out requirement of Rule 203(b)(3). +**·** By avoiding the cost of borrowing shares and engaging in this reverse conversion and reset transactions, Bell and GAS were able to earn profits while subject to minimal risk. Because Bell and GAS improperly failed to borrow or arrange to borrow securities to make delivery when delivery was due, the short sales were “naked” short sales. that violated Reg. SHO. +**·** By entering into these reset transactions, Bell and GAS created the false impression that they had satisfied their Reg. SHO close out obligation. Bell and GAS, however, knew that the following day, or shortly thereafter, Bell or GAS would exercise the right to sell the stock back to its counterparty. (In the case of a call option, the option would expire in-the-money, causing the market maker that had purchased that call option to assign an exercise notice to Bell or GAS for Bell or GAS to sell the stock). + +**·** In my last DD, I highlight how Susquehanna just filed for 3,000,000+ shares after the LEAPs expiration. They are on Team Shit Face, so they are obviously engaging in these slimy tactics in order to roll forward a dog shit position. You can use [this link](http://www.sec.gov/complaint/info_tipscomplaint.shtml) to file complaints with the SEC and mention that they are using sham-close outs to improperly deliver their shares. + +\--------------------------------------------------------------------- + +**· The Uno Reverse Card- Buy and Hold.** + +**· CONCLUSION:** Look at next year’s options chain. For January 2023, there are 30,000,000+ shares accounted for in puts well below today’s price. Now look at 2024 puts. Notice that the cheapest strike is $10, which is 20x higher than last year’s. There is currently a low Open Interest for 2024, but they will probably use the strategies above at the last minute to save as much as they can on time decay. They will continue to roll their synthetic long in order to avoid a forced buy-in from the CNS system, but with each options expiration they will be forced to staircase up to Valhalla. + +**·** ***How do I trade this? I buy and then I hold.*** DRS then go outside and enjoy nature. Embrace the zen, there’s no reason to look for hype dates because we already won. Drink water, I'll see you in Valhalla. + +\--------------------------------------------------------------------- + +**· TL;DR: Team Shit Face shorted millions of stock that didn’t exist. They got caught with their dick in the cookie jar and their only option was to roll it forward or they’d break the entire system. Their reverse conversion strategy will allow them to keep their naked short position, but the price will inevitably increase with each expiration.** +Good evening Diamond Handers!! + +As part of GameStop's efforts to expedite their deliveries and expand their product lines on the East Coast, they've leased out a 700,000 SQ Ft. center in York, PA (This is also my hometown, JTTT). Yes, this information has already been disseminated, but here's an update! The hiring event for their Day One team will begin on July 8th. Their listing outlines the direct benefits employees will receive, which if you ask me, seems like they really care about their employees AND making customers happy! + +What better way to compete with an E-Commerce giant than to attack them where they're weak? Customer Support & Employee Relations! + +Here's the contents of their job listing: + +>**Description:** + +Ready Player One! + +GameStop is currently hiring for the DAY ONE TEAM in our new York, PA Fulfillment Center! + +July 8th + +10:00 am – 4:00 pm + +20 Leo Lane, York, PA 17406 + +Apply Online in Advance + +Our July 8th hiring event will include open interviews with on-the-spot offers! + +We have openings for entry-level fulfillment center associates, leads, and machine operators/drivers! + +Join our team to earn money and great benefits while having fun, earning a discount on GameStop products, and learn more about the growing world of fulfillment and e-commerce! + +We offer full-time opportunities in a climate-controlled environment with excellent training, career advancement opportunities, and a competitive benefits package to include paid time off, full health and wellness benefits, 401(k) and more.  + +Join GameStop and become part of the dedicated team that creates an exceptional customer experience through e-commerce. Stay active during your work day in this fast-paced warehouse environment.  You could be on the move for your whole shift.  Fulfillment Associates do a wide range of warehouse functions. Your duties may include receiving, inventory, picking, packaging, and shipping products for distribution to stores or individual consumers. + +**✋🚀** **✋🚀** **✋🚀** **MOON** **🦍💎** **🦍💎** **🦍💎** + +[Current Facility \(Operations shown are from a prior business's operations\)](https://preview.redd.it/qqj14b11dj771.png?width=1454&format=png&auto=webp&s=7ae3c2104719fc5be1a0546eaeda2000ede9cb2a) + +*Edit: I did some extra dorky math for y'all.* The average GameStop store is 1,700 Sq Ft(taken from their 2017 annual report). This means you could fit roughly 411 GameStop's inside of this facility or 8.5% of the GameStop's in existence ;). IT'S BIG. +Hello people, I have a really weird dilemma. Basically I recently moved into this flat where the gas meter looks to be stuck. I tried to enter my readings on the website, but it said something like "your reading looks wrong". So I then decided to wait until the first bill. My provider estimated the units I used which was literally £5 (plus obviously standing charges). +So my question is: should I tell my provider that I didn't pay enough or should I carry on a bit longer to take advantage of this situation? What would you do? +A few months ago, the meme-coin Shiba Inu (SHIB) was pretty much in the spotlight. The cryptocurrency rose astronomically within a short period of time, and crypto investors' interest in the project was gigantic at times. Shiba Inu even made it into the top 10 largest cryptocurrencies. However, the price of Shiba Inu has since plummeted, and the hype and interest surrounding the project seems to have completely evaporated as well. + +&#x200B; + +**Google Trends** + +In fact, last year Shiba Inu was so popular that it topped CoinMarketCap in terms of searches. Also on the Google, there was a huge search for, for example, "Shiba Inu" or "Buy Shiba Inu" all over the world. + +&#x200B; + +However, this search volume on Google has totally dried up in the last 90 days. Google Trends shows that a peak in terms of interest was reached on October 29 last year. Since then, this search volume has plummeted by a whopping 92%! + +&#x200B; + +https://preview.redd.it/9lts5dtmyve81.png?width=1168&format=png&auto=webp&s=e667ddbf9ad93d831e1f3d6f02d518bcc574f8c3 + +**Shiba Inu Price** + +The price of meme-coin did not manage to perform much better in recent months. Since the all-time high set at the end of October 2021, the SHIB price has dropped more than 75%. In fact, at the beginning of January, Shiba Inu's market capitalization plummeted by more than $3.5 billion in just one week. + +&#x200B; + +Although the team at Shiba Inu is still working hard behind the scenes to get the project back on track, this seems to have become quite a task. Here and there SHIB still gets listed on a new crypto exchange, but the extreme price appreciation we saw in the past seems to be a thing of the past so far. + +&#x200B; + +Of course, Shiba Inu is not the only cryptocurrency that is performing poorly at the moment. Due to the high uncertainty in both the crypto and equity markets, most cryptocurrencies are deep in the red. Nevertheless, the demise of SHIB can be called an outlier. + +&#x200B; + +&#x200B; + +Edit: Shib holders and fans, stop attacking me for pointing out your coin has had its day and people have moved to the next Doge/Shib, jeez, chillax and accept the bad investment choices you made +>Loss per share: $4.72, versus $3.12 expected + +>Revenue: $3.17 billion versus $3.36 billion expected + +https://www.cnbc.com/2019/08/08/uber-earnings-q2-2019.html +Hi everyone, hoping someone can provide some useful insight, tips or experience to help me help my dad! + +A bit of background, my parents live together, they're in their 40's and I have a younger sibling in high school. My mother has a chronic illness meaning she struggles to help my dad with his job, or get a job elsewhere for that matter. They run a tiny 15ft x 7ft staff canteen by themselves, which only seats ~30 at a time, so customer turnover rate is quite high (takes 10 seconds to tend a customer, and they get about 10 minutes to eat). They feed around 100 heads twice/three times a day. In September I left home for University, and prior to leaving, any days I had in school where I had no lessons I would go work with him to relieve the pressure. But now I've gone, he's really struggling and just looks like death incarnate. + +So the basic rundown of the canteen is that my dad does *almost* everything, he; + + +* Cooks everything +* Preps everything +* Learns and fixes most broken appliances (because the kitchen is bottom of the list in the maintenance departments priorities) +* Shops for all his produce +* Transports all produce on a daily basis +* Runs the financial side of the business +* Ensures he complies with food hygiene and operating regulations + +The only thing he doesn't do is the washing up, which my mother/other employee does, but obviously with her chronic illness she struggles to keep up with the pace. Sometimes he has a part time employee in who does the washing up, but she has children so she doesn't get into work until 9:30 on the days she's in work because she has to take her kids to school, plus he really struggles to have enough money spare to pay staff. + +Money isn't necessarily an issue, but he's a contracted employee - therefore he gets a salary from the company and any staffing, stock or operation is his responsibility/cost, they simply provide him with a **tiny** kitchen (bare in mind the size I mentioned earlier includes the worktops and appliances, so floor space is maybe 3ft wide by 15ft long) and customers to feed. We aren't in any debt, but we don't have any savings or fixed assets whatsoever (car is on it's last limb, costing £2000 a year to maintain, and we can't afford a new one). + +I must mention as well he only has two 8ft tall fridges to store his stock in, and a small chest freezer - one fridge for drinks and one for food - so the idea of buying in bulk and storing is not an option, the fridges are rammed with one day worth of stock. We can't buy in advance and get it delivered, unless we could save up to buy a chest fridge/freezer - but that would have to come out of our own pocket, and we'd have to pay to run it ourselves. + +My dad has asked for the company to build a extension onto the kitchen so he can have more storage and prep area, but they said the kitchen runs well as it is, so a extension isn't necessary. + +Now, I'll give a brief rundown of my dad's day-to-day life. + +Time|Activity +:--|:-- +5:00|Wake Up, get ready +5:30|Call butchers and order meats +6:00|Drive to butchers and pick up meat +7:00|Arrive at work, unpack 12 bags of food/drink and start prepping breakfast +7:50|Make up ordered toasties (usually 10) +8:00|Have food ready (Full English, enough to serve 100 heads) +8:05|Smoke break +8:15|Service starts +10:00|Service ends, smoke break +10:05|start prepping lunch and cleaning up kitchen & canteen from breakfast (tray's have to be soaked to remove grease/fat so can't cook anything until 10:30 +12:00|Finish lunch prep for 100 heads, restock drinks fridge +12:15|Service starts +14:00|Service finishes, clean up from lunch +15:00|Finished clean up, stock check and clean canteen/kitchen. +16:00|*sometimes* he will have to stay to offer tea/cake/coffee if the workers have to stay later **if not** he is home at this time +17:00|After changing out of work clothes, picking my sibling up from her bus and walking our dog he gets ready to shop +19:30|Has gone to all supermarkets to get his stock for the next day +20:00|Showers and has a tiny portion of dinner, starts tallying up money owed from people on booking rather than cash payments +21:00|Finishes book keeping and relaxes +22:00|Spends some time with my sibling and helps her with homework +23:00|Goes to sleep + +As you can imagine, this takes a toll on the system. He does this every weekday and shops on a Sunday so he has stock for a Monday. He's done that for the past 7 years, and in that time has never had a sick-day, and only 4 weeks of cumulative holiday (excluding Saturday). He's lost 4 stone since he started, he's a 6ft man who weighs 10st. His blood pressure is through the roof, he eats one tiny portion of dinner a day and keeps awake on lots of coffee and sugary snacks. + +I'm personally into fitness and health, so I try to introduce him to healthy foods that he can snack on - but after cooking all day he can't stand to cook again, let alone eat food. + +I'm seriously worried for him, because the doctors have said that if he keeps doing what he's doing his heart is likely to give out any time from the physical and mental stress he puts himself through. He hates his life, but he's such a family man that he does it so there's food on the table and that I never went without so I had the resources to allow me to go to University. + +I'm open to absolutely any ideas, proposals, tips, tricks or anything that I can tell him to make his life somewhat easier! + +**EDIT: Thanks to everyone for their kind contributions and time they took to write any responses. I've had a thorough read through all the comments and have had a lot of people back up my thoughts, and also have helped shed some light on other things like legality. Also, I'd like to apologise to any people who have conceived that I'm being stubborn. I don't mean to be whatsoever, I'm just trying to engage in active conversation and I'm doing my best to provide further insight, which is coming across as more stubbornness. So again, sorry if I made things difficult for some people. Again, thanks to everyone for their time and effort, I hope my dad can take something away when he finally reads this.** +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +[u\/Sharkbait\_lol, u\/grungromp, u\/pinkcatsonacid, u\/bye\_triangle, u\/redchessqueen99, u\/Captain-Fan](https://preview.redd.it/nuke285am9571.png?width=1426&format=png&auto=webp&s=770b6f9cb3d0db13807585ec8080c07179a5eb35) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📉 + +# $GME Closing Price: $229.44 + +Open Price: $236.50 + +Daily High: $238.01 + +Daily Low: $219.20 + +Volume: 7.06 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +*If you're new to Superstonk, start here!* + +&#x200B; + +[WeBull's Public Opinion $GME rating 06-14-2021](https://preview.redd.it/ttu18klap8571.jpg?width=944&format=pjpg&auto=webp&s=dc83f7e34dcd38476f55ffe25d0980343e3b4546) + +&#x200B; + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +&#x200B; + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +&#x200B; + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +&#x200B; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +&#x200B; + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +&#x200B; + +[Power to the Player 💎✊](https://preview.redd.it/1v1xr0g3s8571.jpg?width=1080&format=pjpg&auto=webp&s=acc74fe4a4d8dc2e6e4b902b294bf5d9243e255d) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Stock!! + +&#x200B; + +[Going back to our roots](https://preview.redd.it/kpcdut8zu3571.png?width=480&format=png&auto=webp&s=2662f922ad6457977e879c9fa4b13295c6ed3817) + +There has been a lot of conversation (FUD) over the weekend about "Fuck you, pay me" and referring to being involved with trading $GME simply because you want to become rich and purely to trigger MOASS. Or because "we're Occupy Wall St. 2.0!" (**NO**). + +&#x200B; + +**THESE ARE NOT THE PURPOSE, INTENT, OR COLLECTIVE SENTIMENT OF THIS SUBREDDIT.** + +&#x200B; + +https://preview.redd.it/3zbjz71nd8571.jpg?width=603&format=pjpg&auto=webp&s=e8443aa2cc8ac94db62a0ad3febc32d1d8b22708 + +&#x200B; + +Superstonk is a community of individual investors that believe Gamestop as a company is an excellent long-term investment that has huge potential in an untapped market with an Avengers-level team of executives that will likely redefine the face of retail in the 21st century. This community was **not** made to discuss other stocks the way /WSB or /investing do. This sub is a congregation of individuals- in that sense, a collective "we or us"- that supports the vision of the company Gamestop long-term, especially its current chairman, Ryan Cohen. We like the company. We like the stock. That's it. + +&#x200B; + +And a little refresher on the we/us debate- **WHEN WE SAY "WE OR US", WE ARE TALKING ABOUT THE SUB'S COLLECTIVE WE/US AS A COMMUNITY.** There is nothing wrong with that! + +&#x200B; + +https://preview.redd.it/2lpjdekg78571.png?width=740&format=png&auto=webp&s=12f527b70f2aaf29396f15f777129a6927c7c168 + +Use of the words We/Us are NOT EVIDENCE OF MARKET MANIPULATION. + +&#x200B; + +Enforcement is the *key* to a manipulation case. Do we make paper hands actually pay some sort of penance for selling? **NO**. Do we have an agreed upon floor price that we all must adhere to? **Umm..... :gestures broadly at literally everyone debating possible floor price:** + +Market manipulation is doing something to inflate or deflate the price of a stock. THESE are the ESTABLISHED GROUNDS for charging someone with market manipulation. And do you know how many times that's happened? [Like 5 times. And they were all people in the industry.](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3) + +There's no case for market manipulation in this subreddit, or even in the GME Saga as a whole. + +&#x200B; + +Well, I lied. Hedgies are doing plenty. + +&#x200B; + +So when you see people referring to "we" or "us", *they aren't doing anything wrong.* This is a community, right? Everyone here isn't just a figment of your imagination right? **(RIGHT?!?)** + +&#x200B; + +[Y'all aren't imaginary, right? ](https://preview.redd.it/mpwfwnnx78571.png?width=800&format=png&auto=webp&s=dbd9e0dc43abe93bb7b74ae1f86b55c7db615a08) + +&#x200B; + +We are a community of individually-minded investors. And no one can stop us from liking and discussing a stock. That's what they want you to think. **Saying "we" or "us" when talking about Superstonk is just talking about the membership of this subreddit.** There is nothing there that's illegal or negative in and of itself. All "we" do is gather here and discuss the future of a company we all love and have invested in because we believe in the future of the leadership. + +What's the difference between our sub and the idea dinners the rich have been attending for decades? *The expense report*. Do you remember when American Politicians used insider information about the pandemic to profit off of the resulting crash? APES REMEMBER\*\*.\*\* Don't let FUD stop you from bonding with your fellow ape. Companionship is essential to the human experience. Get in here and love each other. It's Woodstonk 2021 up in here✌💖🌼☮ + +&#x200B; + +https://preview.redd.it/jnfssd1k88571.png?width=549&format=png&auto=webp&s=4c66fef620a388bf01f32a008da79d153533931d + +&#x200B; + +With that being said, **WE HAVE NO LEADER HERE**. r/Superstonk has administrative users that moderate the community according to site rules. That's it! When it comes to leaders, mods are just the administrators of the environment. This community was built by apes, for apes. With no one user more important than the other. **APE**= **A**ll **P**eople **E**qual ✊ No politics. No religion. No leaders. No divisiveness. Just excellence and the stock we love. + +&#x200B; + +&#x200B; + +[WE DON'T HAVE ONE!](https://preview.redd.it/lu1ryvz9f8571.png?width=1000&format=png&auto=webp&s=ba989b8ceba279596c56a29678ccf9819f0eadea) + +&#x200B; + +**Here's a few notes from** u/redchessqueen99\*\*'s Weekend Update\*\* + +1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to [r/Superstonk](https://www.reddit.com/r/Superstonk/) and (on Desktop) looking at the side bar, and (on Mobile) under the About menu. +2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy. +3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it. +4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub. +5. TL;DR: We like the stock. We love the company. We are apes. That's about it. + +&#x200B; + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- WTF IS RRP + +&#x200B; + +[Credit u\/Itsjustmerk ](https://preview.redd.it/4unxgl9lq3571.png?width=509&format=png&auto=webp&s=9117527736696c56da3ea13d6af121ecad077067) + +**So what the hecc does reverse repo mean? This comment by** u/semerien **explains it perfectly:** + +A reverse repo is when banks, government entities or money market funds "buy" short term treasuries bonds from the fed with cold, hard cash. + +I say "buy" because the deal is only overnight. The next day they sell them back to the fed and get their cash back. + +They do this because right now interest rates are so low that if you try to maintain "highly liquid assets" (shit you can easily turn in to cash if you end up needing cash in a few minutes) you end up losing money due to inflation and short term securities turning negative interest rates. + +So instead of losing money when you have large piles of money, you give the cash to the Fed overnight and then get it back the next day. Currently there is no interest rate on the reverse repo, you don't make any cash doing this. + +However you don't lose cash, which you could lose by any of the other short term, highly liquid assets you could invest in. + +It signifies big banks and money makers are sitting on piles of cash and don't trust any other investments right now. They would rather just store it overnight with the fed where at least they don't lose money. + +There are also theories that the banks are short selling the treasuries they get during the overnight repo to try and make extra money on the deal. Definitely possible but kind of scary when you look at it. + +Alot of these big banks also own money maker funds so they could technically be "double dipping" and be multiple participants in the overnight repo market. + +All those banks sold bonds in the billions of dollars in April and likely had to store the cash somewhere until they need it. + +But they want it to remain highly liquid so they have easy access to it on the day the financial market implodes. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Welcome Satori Team as Moderators + +by u/redchessqueen99 + +&#x200B; + +Not many of you know the true history behind Satori and how it became so intertwined with the mod team. The truth is they've been working with me since before the [r/Superstonk](https://www.reddit.com/r/Superstonk/) migration. These members include [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/), [u/grungromp](https://www.reddit.com/u/grungromp/), and [u/Captain-Fan](https://www.reddit.com/u/Captain-Fan/). They have worked meticulously and tirelessly to progress the Satori project from idea to manifest guardian ape-gel of Superstonk. + +Awhile ago, we added [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) and he was able to study the sub from a moderator perspective. He has earned our trust and since then has been promoted to general mod permissions. As a result, the Satori team quickly became linked to the mod team, as they became more and more critical to the sub's makeup. + +In the past few months, in addition to Satori, they have helped us identify FUD attacks, organize mod mail, and identify bad actors and true apes alike. I would be wrong to suggest they aren't already a critical aspect of our moderating practice, and therefore we mods voted with overwhelming support to do the next logical step: add them as moderators. + +**Please join the mod team in welcoming** [u/grungromp](https://www.reddit.com/u/grungromp/) **and** [u/Captain-Fan](https://www.reddit.com/u/Captain-Fan/) **to the moderator team.** I have no doubt they will continue to bring incredible concepts to life, with more accuracy and reliability, as mods themselves. Congratulations! + +Also, now they can't escape \*maniacal laughter\*\*cough-cough\* + +&#x200B; + +# Satori Approvals + +by u/redchessqueen99 + +&#x200B; + +[ SATORI DIRECTIVE: PR073CC 4P3 ](https://preview.redd.it/k7ysnex0n8571.png?width=1332&format=png&auto=webp&s=47e34159070430ef40ca28383eeb3ab314cd8024) + +&#x200B; + +For those unaware, Satori is a sophisticated program that we utilize as a subreddit to identify "true apes" and also "bad actors" or people who would otherwise spread FUD and harassing posts. As a result of this software, we have been able to introduce an approval process that adds members to the Approved Users list. These approved users can bypass the [karma and age limits imposed by automod](https://www.reddit.com/r/Superstonk/wiki/index/automod_info). + +We realize there is some confusion about Satori, and we are working on clearing this up in a more reliable way. I just created a [wiki page for Satori](https://www.reddit.com/r/Superstonk/wiki/index/satori) and while it is currently **under construction** you can check back there for updates on the system. This should help us streamline any questions and information, just as we do with [SuperstonkBot](https://www.reddit.com/r/Superstonk/wiki/index/superstonkbot). + +Additionally, you can check out [u/grungromp](https://www.reddit.com/u/grungromp/)'s post, [**Satori: The One Week Security Update (Important Information Inside)**](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), for a more recent update. The most critical aspect of this post is the new **!apeprove!** comment function, which means that any user, inside karma/age limits or not, can comment **!apeprove!** on any [r/Superstonk](https://www.reddit.com/r/Superstonk/) post and be bumped to the top of the list. If your comment is immediately removed, I am told it will still work! + +We have some limits imposed by Reddit, so the approvals are done in waves so as to work within this limits and Reddit policy. This **!apeprove!** function allows active users to essentially cut line. Make sure you use it! Spam will not be tolerated, though. Patience is key. + +&#x200B; + +# [Read the full weekend update post by Red here.](https://www.reddit.com/r/Superstonk/comments/nzcsoh/weekend_update_are_you_ready_to_rumble/) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +&#x200B; + +With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +[ 🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 ](https://preview.redd.it/drux2rhae8571.png?width=1600&format=png&auto=webp&s=1a323916e05d9ef3327b7d7825c25385b7c02243) + + +&#x200B; + +I feel like Little Red Riding hood, + +I’ve followed the trail of breadcrumbs and drips of mayo for as long as I could until I realised the repo rates were the ones gobbling up your picnic Kenny. + +TA:DR: Kennys had his lunch, now the Fed and inflation are having theirs. + +**If I hold a lot of cash it's being eaten up by time. TICK TOCK.** + +https://preview.redd.it/n8vdgalzgn571.png?width=1223&format=png&auto=webp&s=904155c9b4c2edb9355f32eb149a771965e33ea8 + +If I had a **MOUNTAIN** of cash like Pablo Escobars then I’m good as long as I can just store it all somewhere safe, it's all mine so what do I care if I lose a couple mil out of my billions due to rats and inflation. At the end of the day I own it, it's my money, I can do what I want with it and answer no one. + +**Kennys dilemma…** + +Our friend Kenny has the same problem.......TOO MUCH MONEY. + +but get this...it’s a widdy iddy bit harder to fix. + +You see, he doesn't own the pile of money, but just possesses it. + +Naked short selling, simply put, is borrowed money. + +**What is it a bank does again? Oh yeah, it uses other people's money to make profit for itself then hands it back when asked nicely. Well unless you never intended to cover that is…..** + +So having sold short hundreds of millions of shares not just across the NYSE but **globally** on many companies ( [https://whalewisdom.com/short\_position/holder/citadel-advisors-llc](https://whalewisdom.com/short_position/holder/citadel-advisors-llc) ), all of a sudden this giant pile of cash has appeared BUT the fundamentals are different. It's still borrowed money, and we all know it costs money to borrow money, in interest. + +For example, daily interest on say lets see, a GME share, works out at 1% on ave. + +**If I'm sitting on all this cash I have to put it to work or I'm in trouble..aren't I?** + +I need to start looking outside the box, Ive already crammed every nook and cranny of the stonk market I can find. + +&#x200B; + +https://preview.redd.it/znh9m6e2hn571.png?width=339&format=png&auto=webp&s=07cc6bc258149cba87c898593d7425126884a1ac + +If a naked short sold GME share is costing an average of 1% a day then to at least make my balances a net position I need to look for somewhere that I can stash my money. All of a sudden these retards, they just keep buying more and more. Wtf, this wasn’t the plan. I need somewhere that I can get a return of more than 1% a day or I’m fucked. Hmmmmm, *time for my tin foil \*cough\* I mean* time to put on my thinking cap. + +**Enter Crypto and DeFi (Decentralized finance)** + +⦁ The use of Liquidity Provider tokens. + +⦁ Overall usage of the B coin, E coin and ofc the *woofwoof* I say no more or SHILL SNIFFER go BARK BARK + +⦁ Staking in pools to earn daily compoundable and capitalized interest payments in the form of token creation. + +⦁ Crypto synthetic assets. (hol' up say whaaaaaa?!?)\* + +[https://cointelegraph.com/explained/crypto-synthetic-assets-explained](https://cointelegraph.com/explained/crypto-synthetic-assets-explained) + +\*Interesting tidbit for you: [https://www.oxygen.org/index.html](https://www.oxygen.org/index.html) + +&#x200B; + +[who's that taking centre stage huh?](https://preview.redd.it/b13u0fq3hn571.png?width=894&format=png&auto=webp&s=6207e18966e2aa88bc9202619bc5fd4549e669ff) + +&#x200B; + +[well I'll be damned](https://preview.redd.it/5eddn1v4hn571.png?width=666&format=png&auto=webp&s=e954113702b47a340af4dd5cc3a6d91680938b86) + +[Isn’t that an interesting turn of events, slap bang in the middle of it all, Kenny himself.](https://www.cmegroup.com/company/center-for-innovation/files/cme-2019-melamed-arditti-innovation-award.pdf) + +[Remember my previous post](https://www.reddit.com/r/Superstonk/comments/nz0fsz/i_found_a_correlation_in_why_reverse_repo_rates/) , if you haven't yet read it I suggest you check it out here .**TICK TOCK.** + +**MAY 4TH and Cinco De Buyo day** + +That wonderful little bit of NSCC 802 legislation that was key to try and stop Kenny. + +&#x200B; + +[StarWars day](https://preview.redd.it/hfb87hd6hn571.png?width=746&format=png&auto=webp&s=55b2c4ee9589fcc012f9704d11e774cf7475c14e) + +source: [https://www.sec.gov/rules/sro/nscc-an/2021/34-91720.pdf](https://www.sec.gov/rules/sro/nscc-an/2021/34-91720.pdf) PG 14 + +On page 14 it states that “Qualifying liquid resources” to include, among other things, lines of credit without material adverse change provisions, that are readily available and convertible into cash. + +**I noticed something interesting..** + +This piqued my curiosity and I dove a bit into a few different coin charts and had a look at volumes traded. + +I think it's safe to say that stablecoins do not fall into the same categories as the majority of other crypto currencies. In my interpretation, a stablecoin, being pegged directly to the $USD would not be subject to ‘material adverse change’ as it is a like for like coin. This is a strong conviction of mine however the NSCC 802 filing breakdown simply confirms legislation but that we as the average person are not privy to the inner workings of that information. + +&#x200B; + +[This is T e t h e r, one of the StableCoins,](https://preview.redd.it/b3u6z5n7hn571.png?width=1002&format=png&auto=webp&s=2a27468af0cc7f4958d79008e4fee13413d10d1c) + +RED BOX: Funny how the volume dramatically increased right around the time NSCC 802 was enacted, surely its not just a coincidence? + +ORANGE BOX: What happened on either may 13th and subsequently may 19th that could affect this increase again? something happened on may 13th as this interestingly coincides with the day that $GME started its uptrend. + +A certain B coin and E coins also bottomed out around this time at a flat 30k$ per B coin and 2k$ flat per E coin. + +Another coincidence? no, it was because of wall street liquidity stress tests and subsequent follow up tests on May 13th & May 19th because someone has been trying to hide too much cash. + +&#x200B; + +https://preview.redd.it/lqkkw4p8hn571.png?width=913&format=png&auto=webp&s=91e79d84f864db22bab2d7a605123d38bdab6876 + +**Too. many. god. damn. coincidences. FOLLOW THE MONEY!** + +from my understanding of reading the legislation in NSCC 802 with 'qualifying liquid resources ....without material adverse change provisions.' means that T e t h e r likewise many other stablecoins are not classified under the same asset grouping and therefore are not impacted by this ruling. + +It is certainly possible that we are looking at some of Kennys *potentially* laundered tendies right here. + +In essence the money that was withdrawn from interest yielding projects was cashed out and converted into stablecoins and B coin ensuring books would balance as needed. There are still large sums of hedge fund capital amassed in these projects , not everything was withdrawn, only enough is withdrawn as necessary to balance books. + +So you would think that with NSCC 802 in place that would be the end of it but hol’ up Kenny figured out how to buy himself another few days. + +Please find below a few charts of recent activity of a small sample of many searchable coins all of which show interesting patterns in and around early May: + +&#x200B; + +[There are a whole host of similar coins all with similar upticks and start dates in n around the start of May 5th - May 13th, above is a small sample](https://preview.redd.it/lh59pdq9hn571.png?width=1883&format=png&auto=webp&s=cb3c18d0f0eafb8880d10925e5daf5962220fdd5) + +So you see they are still finding ways to make all that borrowed money work for them to buy just one or more days if anything. + +These coins run on a layer 2 interface, even 3 & 4 layering, on the E Network and alternatives and no I'm not talking that abysmal TV channel. + +**QuickFire Question..** + +Q. Do you know what else has layering in it? + +1. Money laundering. + +You know what else was soaring right before NSCC 802 came into effect? + +Looky looky \^-\^ + +&#x200B; + +https://preview.redd.it/1dom4gwahn571.png?width=954&format=png&auto=webp&s=fd465205894b1f0d555176dbb2a0589a58f22fdd + +Do me a favour and scroll back up and check that T e t h e r chart in ‘n’ around the start of May and May 13th for me could you? See? + +See below: P R i V C Y coin purchased en masse from 1 hour after NSCC 802 was enacted. + +&#x200B; + +[The coin lay in wait until it was called upon on June 15th, yes, only yesterday, to help balance the assets\/liabilities in a hedgies books.](https://preview.redd.it/2eea82wbhn571.png?width=978&format=png&auto=webp&s=4515d60feb062ed971f7648c257c1a1e27cf7fb3) + +They buy the coins for pennies, then sell a couple back and forth at overinflated prices in the $,$$$’s, by doing so inflating the market cap and on paper making it look like they have a hellova lot more assets on their books than they actually do, to balance out their liabilities (naked short positions) + +If y’all remember that Fubar C X C coin back a couple of months ago, well the real slim shadycoin made a bit of a comeback, when you ask? + +Well hows about right around the same time NSCC 802 was enacted. + +See attached: + +&#x200B; + +https://preview.redd.it/2i9pb8hdhn571.png?width=412&format=png&auto=webp&s=881287b74de34760a1d3792b3f29704f6a39b82e + +the real slim shady coin + +I believe they have figured out how to skirt around NSCC 802 to a certain degree with regards to crypto and LP token usage vs. asset/capital requirements but for the bulk of their funds, the Fed and those Repo swaps are key. + +So if that means that hedges are still making profits off naked short sale cash and they are still doing it and only using the Reverse Repos to park the absolute overflow that they can’t hide anywhere else. + +**Don’t you see what I see?** + +&#x200B; + +https://preview.redd.it/h9kpfh9fhn571.png?width=516&format=png&auto=webp&s=584e1b6ca59746d4dd31accf0b89ba7317a6af3f + +Funny the irony of a Glacier mound of Capital isn’t it Kenny? You see us as the titanic don’t you? You thought you could sink us. Oooh yea Glacier Capital I almost forgot about that weekend haha! I heard a rumour you enjoyed making spreadsheets just for names, is it true? + +Funny how that was in May too….. + +[https://www.reddit.com/r/Superstonk/comments/neqhou/glacier\_capital\_after\_shorting\_gme\_at\_167\_today/](https://www.reddit.com/r/Superstonk/comments/neqhou/glacier_capital_after_shorting_gme_at_167_today/) + +**Lmayo Kenny why you so sad, I mean your still sitting on big piles of tendies right now aren't ya?** + +**…….oh yea inflations a bitch init?** + +So now your struggling to balance your books a lot more since StarWars day but your working on ways to get through just 1 more day isn't that right Kenny? this little legislation just rammed down the gate of that little sand pit toy fort of yours that you call a citadel. God I love the smell of irony in the morning. You know what else is ironic? A bunch of gamers stopping the Wall St. games through a company called GameStop, ding ding ding simulation confirmed. + +**TICK TOCK.** + +**NEWS FROM MAY:** + +Inflation rises up to 5% for 2021 on the back of all those dollars the Fed has been printing since March 2020. + +So inflation is heating up the Fed furnace, there's too much hot water circulating in the pipes, interest rates increase to combat this. they start to burn the value and cook up the whole god damn house. + +Interest rates go up, bond yields go down. + +Bond yields go down, the Fed doesn't pay any interest on the collateral you temporarily bank overnight with them. (Reverse repos) + +So here we are apes, the ticking time bomb that is inflation and how it ignites the rockets of our beloved GME mothership awaiting blast off to andromeda. + +**TL;DR:** + +Citadel has amassed vast sums of money from illegal naked short selling. Prior to May 4th, they were using these borrowed monies to invest in projects that outstripped the cost of the daily interest from borrowed shares and so believed that they could continue these projects indefinitely and in theory be able to always outpace the cost of said borrow rates. + +Post May 4th they could no longer use these projects to reflect a balance on their books but to only be able to note them as assets and so this led to liquidity problems. + +This led to an overall downturn in crypto markets to the sum of over 800 billion $ overall. Most notably in DeFi crypto. + +The money that was previously working for them is in a reduced capacity now. Now all this money is spilling out of every orifice in the financial world and they are struggling to hide it. + +The tyrant who wanted to be king of Wall St. was secretly conquering Crypto country using naked short sold funds from stocks and shares to dominate the crypto space. + +To put the difference into perspective, currently right now on one of the most popular DeFi exchanges, you can earn up to **120.47% APR** compounded and capitalized as often as you want. + +At the start of the year some of these pools were running at **500-600%+ APR** compoundable. + +[Pancake Swap Defi](https://pancakeswap.finance/pools) + +Kennys model worked prior to May 4th by utilizing these exchanges. NSCC 802 curtailed the bulk of that and Kennys only option now is to store the funds on **0%** in overnight reverse repos, essentially going from highly profitable assets to assets being eaten by inflation. + +**More perspective:** + +The US 2yr treasury is **0.16%** + +The US 5yr treasury is **0.78%** + +The US 10yr treasury is **1.49% yield** + +The average ETF investor earns **8% APR** + +The average SP Index investor earns **10% APR** + +&#x200B; + +**The flight to quality:** + +(bahahaha its true, the fed repo is considered a quality asset, you couldn't make this shit up) + +&#x200B; + +[WuT dOiN nExT KenNy?](https://preview.redd.it/0cgwo0yohn571.png?width=946&format=png&auto=webp&s=cc7814c94cd5c6f84bf95df9e4e0d957f54af364) + +By parking money with the Fed in the form of reverse repo rates, they no longer receive any overnight interest payments or make that money work for them. Meanwhile the bleed on their accounts commenced may 4th as the short interest from naked short selling is now outpacing the money parked in the fed in RRRPs. + +**Tick Tock** + +&#x200B; + +https://preview.redd.it/5k78ot5qhn571.png?width=400&format=png&auto=webp&s=2780fa5e90ea399bf566fb2f649479af7a11b11f + +Tick Tock Kenny I’ve been following your paper trails. **TICK TOCK MOTHERFUCKER** + +&#x200B; + +[Stonger together, It's an empowering kill trade isn't it? ;\)](https://preview.redd.it/rdepqt1rhn571.png?width=353&format=png&auto=webp&s=cb2262580e02047dc982e6ecc3ab76fd9bf589da) + +**Oh my god they did what to Kenny? You Bast\*rds!** + +&#x200B; + +[they wut now?](https://preview.redd.it/uckzai5shn571.png?width=310&format=png&auto=webp&s=51c90e261e5c6f71ec3c29f1ddb8eaaa0cb30373) + +Kenny is **Chasing short interest + inflation,** we’re just chillin’ in our seats, buckling our belts, waiting for launch. + +If inflation is running at an official 5% that means the $USD is becoming less valuable. Many suspect that it is in fact unofficially far higher than reported; just do a quick google check of lumber prices. I know y'all like jacked titties so indulge yourself and live a little in some SEC hard wood porn materials: + +[Pornhub.com/SEC-profile-page/Fetish-69/hard-w00d](https://tradingeconomics.com/commodity/lumber) + +Well look at what else peaked around the same time as nearly everything I’ve covered in this DD...**mmmmmm SEXY.** talk about morning glory in May! + +[Pornhub.com/Citadel-Home-page/Futures-Fetish](https://imgur.com/44k7l3X) ;) + +**BUY. HODL. BUCKLE UP.** + +The fight is nearly over. + +The Fed is closing the gap and inflation has ignited the fuse already, its just inching closer and closer to our launch pad. + +APE.STRONG.TOGETHER + +**POWER TO THE PLAYERS** + +[Q: What are you gonna do with your Pablo piles of tendies?](https://preview.redd.it/jgcwegcthn571.png?width=1174&format=png&auto=webp&s=5b56ddc636a15f8e5d82b0b3b22886319288ba73) + +☘️ LEPRACOIN – 6 Days Old – Unique Tokenomics Cycles - Irish Developer – Audit Coming Soon – No Team Tokens – Liquidity Locked ☘️ + +☘️ Dia duit a chairde agus fáilte go LEPRACOIN – Hello friends and welcome to LEPRACOIN + +☘️LEPRACOIN just launched on BSC folks, absolute gem. + +Amazing dedicated dev and team, not just another pump and dump. The dev and team actually has big plans with this. + +☘️ Buy (9-10% slippage): + https://exchange.pancakeswap. finance/#/swap?inputCurrency=0xcA71DdB30ddC906048bcec5dF305683F289C8C40 + +☘️ Contract: 0xcA71DdB30ddC906048bcec5dF305683F289C8C40 + + +Announcement just happened today (3 days after launch) – the project is introducing something completely unique – the concept of cycles: + +☘️ Growth + +☘️ Burn + +☘️ Rewards + +☘️ Charity + +Tokenomics Cycles: + +As the LEPRACOIN token and project progresses, the needs of holders, and the movement of the coin demands something more fluid in terms of tokenomics. The transaction fee is 8%, but each cycle will have different tokenomics in how that fee is distributed, designed for maximum growth potential. Each cycle last for 1 week initially, increasing to monthly cycles after that. + +Here’s the breakdown of each cycle: + + +☘️ Growth cycle - prioritising liquidity generation to establish a solid baseline for future growth: + +��� 1% burn + +🔥 3% yield + +🔥 4% liquidity + + +☘️ Burn cycle - this cycle will accelerate the burn rate of the LEPRACOIN token, increasing rarity and capitalising on the previous growth phase: + +🔥 4% burn + +🔥 3% yield + +🔥 1% liquidity + + +☘️ Rewards cycle - this cycle will use the growth achieved in the previous phases to reward holders: + +🔥 1% burn + +🔥 6% yield + +🔥 1% liquidity + + +☘️ Charity cycle - this cycle is where the team gives back and shares its growth with those who need it most. A % of each transaction will be sent to a charity wallet for donations: + +🔥 1% burn + +🔥 2% yield + +🔥 1% liquidity + +🔥 4% charity + + +It’s the first token I know of to combine yield, burn, charity and liquidity generation in cycles like this, and I’m really interested to see where this will go. + + +Built by an Irish Developer and trusted crypto reviewer, liquidity locked and audit in progress, this is ready to explode. Pot of gold anyone? Lot’s more to come on this one too. + + +The Dev has taken Safemoon as a baseline, implemented the Certik audit recommendations (https://www.certik.org/projects/safemoon) and added all the extra features to turn this into something truly unique – Safemoon on steroids. No other contract is like this. + + +Supply: + +The initial supply for LEPRACOIN is set to 82,000,000,000 or 82 billion. This will decrease on every transaction due to the burn mechanic built into the contract. The team it the supply at a relatively low number because we are all sick of losing count of the number of zero’s of our holdings. This should simplify things for holders and ensure each LEPRACOIN has real value. + + +The supply is distributed as follows: + + +🔥 5% for private sale - proceeds of which will be used for initial liquidity and locked + +🔥 5% to marketing wallet + +🔥 40% burned on launch + +🔥 50% for liquidity + +There are no team tokens - this is a community coin. + + +Values & Roadmap: + +☘️ The team brings transparency to the core of what they do. They want to spread that Irish cheer to all holders and help everyone achieve their pot of gold without fear of a rug. + +☘️ The team has a lot of contacts and are already in talks about marketing partnerships. + +☘️ Whitepaper coming soon, along with utility announcement. + + +So why not take a punt on it, sit back, and enjoy a Guinness on LEPRACOIN 🍻 + + +☘️ Website: https://www.officiallepracoin. com/ + +☘️ Telegram: https://t. me/lepracoin + +☘️ Twitter: https://twitter. com/LepraCoin_BSC + +☘️ Buy (9-10% Slippage): https://exchange.pancakeswap. finance/#/swap?inputCurrency=0xcA71DdB30ddC906048bcec5dF305683F289C8C40 + +☘️ Dextools: https://www.dextools. io/app/pancakeswap/pair-explorer/0xcA71DdB30ddC906048bcec5dF305683F289C8C40 +Hallo, i have been invested in small cap fund of Axis MF. And I realized that axis MF have doubled the TER of small cap fund in last 3 months. Other funds have also been continuously being increased since March. I know fund house can increase TER until some limit but such a swift TER is allowed ? What does this subreddit members think of such an acts? + +[link to TER](http://tiny.cc/Notice1TER12August) +We are having a big issue with private equity, if the company is working ok they get private funding and keep it to themselves, if the company is not going to work in the future they pump the brand and do an overpriced IPO, and exit. It's true for now and I think also for future big brand listings. + + +Just look at Ather Electric bike, really successful now and could make expansion plans with IPO but they won't do it, we have very unequal wealth distribution so they could always get more money from private investors than going to the public by doing an IPO. + + +FYI the Top 10% of people own 57% of all National Income in India in 2022 +Edit: Really good to see people calling bullshit on this, and that they're not swayed. Thanks for the awards but use the money on the stock instead! + +It's been 9 months. Not only do they make us question our beliefs in the stock; they make us question our beliefs in ourselves - for investing in the first place; for being stuck in a "cult", for valuing financial information from people on *Reddit*. + +Tons of people have said it before: This is psychological warfare. I've understood it before, but I didn't realise how important of a tactic it is until now. It's emotionally draining for those of us who are already insecure about our values and beliefs. The smartest of you have been confident about this choice for months now, while some people like me still lurk around, trying to understand a morsel of all the fantastic and hard researched knowledge is passed around here + +Either way, I'm not going anywhere. 🚀 + +Edit 2: This gained way more traction than what I expected. Just wanna say I appreciate y'all. And I'm sorry if this post is just a repeat of an overused message. Mods have my blessing to remove it if it counts as spam. +TL;DR Part 1: GameStop has announced a 4:1 stock split in the form of a stock dividend. This means an additional 3 shares for every share held will be issued to shareholders. + +* Only a set amount of shares will be distributed to the DTCC for distribution to shareholders. +* Market participants short GME will need to ~~cover~~ close their positions prior to the stock split or they will be responsible for these additional shares. +* More importantly, the naked shorts that all our DD hypothesizes and supports as being hidden through derivative strategies are at risk of exposure and the additional shares from the stock split dividend (additional three shares per short) need to be covered. +* **Taking a look at Tesla's stock split in the form of a stock dividend gives us a sneak peak into what can happen to share price in this type of scenario. SPOILER ALERT - IT'S HUGE!!** + +&#x200B; + +# GameStop, GME + +GameStop had historic high short interest that dropped dramatically with no stock price appreciation last year. This is a clear indication of manipulation and hidden short interest: + +New put option contracts after the end of January 2021 represented more than 300 percent of shares outstanding, ***more than 200 million shares***. This massive spike suggests that short positions have been hidden using “phantom shares” and “strategic fail-to-delivers.” The options scam can be used to reset the clock on fails to deliver. + +**Table below: "Put options open interest spiked to enough contracts to cover 300% of outstanding shares at the exact time that reported Short Interest (SI) decreased and Failures to Deliver (FTDs) decreased".** + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/too38h\/wondering\_what\_all\_the\_hype\_is\_about\_gamestop\/](https://preview.redd.it/hu1xx69cg1a91.png?width=1050&format=png&auto=webp&s=1cb7ac86636c066076984c87b0e2cf549a30af66) + +&#x200B; + +# Tesla Stock Split by way of stock dividend August 2020: + +**\*\*\*\* Note, similar to GameStop, Tesla's short interest declined without share price appreciation the year prior to their stock split. \*\*\*\*** + +**After the dividend distribution, Tesla's shares squeezed over a period of several months. GME has less outstanding shares, less liquidity, higher borrowing rates, higher margin requirements, and as DD supports - an extensively higher hidden short interest.** + +&#x200B; + +[Tesla's 5:1 stock split in the form of a stock dividend. Announced August 11, 2020. Record date August 21, 2020. Ex-dividend date August 31, 2020.](https://preview.redd.it/vgv9s2b3c1a91.png?width=1003&format=png&auto=webp&s=53e4bfd0497af0cb76bcdec6af2065f1841e84e4) + +**Tesla's reported short interest hit a May 2019 high of** ***only 43.66 million*** **shares shorted. GameStop had reported short interest of** ***over*** ***200 million*** by FINRA report - [309.43% SI in October 202](https://www.reddit.com/r/Superstonk/comments/u2ylh7/never_forget_gamestops_short_interest_in_october/i4q9ep7/?context=3)0 and 220%+ during January 2021 'sneeze squeeze' (court docs). + +**At the time of their stock split, Short Interest and borrowing fees on Tesla were considered high at a reported** ***7.10% SI*** **to float and a** ***0.30% borrowing fe*****e. Note that GameStop's** ***reported*** **SI and borrowing fees are** ***extensively*** **higher. Current Ortex data shows GameStop reported S*****hort Interest is at 20.78%*****.** ***Cost to borrow 35.45%.*** + +[https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high](https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high) + +[https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/](https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/) + +[https://www.reddit.com/r/Superstonk/comments/vsot6h/gme\_100\_utilization\_day\_102\_via\_ortex/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vsot6h/gme_100_utilization_day_102_via_ortex/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +https://preview.redd.it/awo2cnn4c1a91.png?width=514&format=png&auto=webp&s=597454eb8c43e1e6bb1a48dd8687e55a40195d2b + +Share price reflected is *after* Tesla's 5:1 stock split price adjustment. **Multiply shares owned by 5 and then watch the price appreciation.** Zoomed-in to December 2020 - it kept running after this. Tesla share price remained elevated after the squeeze. They have just announced another stock split, to be voted on at their October 2022 AGM. + +&#x200B; + +**TL;DR Part 2:** Regardless of a short squeeze and MOASS, we have compiled extensive DD supporting why GameStop is a great long term value investment. However with DRS removing shares from the DTCC, GameStop investors have slowly been removing liquidity and the number shares that can be manipulated. This tightens the spring for a short squeeze. + +Liquidity is tightening, and borrowing costs are high. Borrowing costs and reported short interest is higher than Tesla at the time of their stock split, and DD supports GME has *extensive* hidden short positions, likely in the hundreds of ~~thousands~~ millions, that are going to be hit hard with this stock split in the form of a stock dividend. + +*Opinion:* It may take some time yet, but with this strategic decision to announce a stock split in the form of a stock dividend, and combining it with the launch of their MarketPlace - GME appears to be positioned for *significant price appreciation over the remainder of this year!!* \[Note: As GME truly presents a systemic risk to the markets, be prepared for continued manipulation. This may still take a while.\] + +&#x200B; + +**Buy, HODL, DRS & 'Share the Story'** + +>**To the moon fellow apes!** + +&#x200B; + + 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; + +**Addendum:** ***Prior Post explaining a stock split in the form of stock dividend, and how it is different than a traditional stock split.*** [https://www.reddit.com/r/Superstonk/comments/u1j1gd/its\_a\_stock\_split\_in\_the\_form\_of\_a\_stock\_dividend/](https://www.reddit.com/r/Superstonk/comments/u1j1gd/its_a_stock_split_in_the_form_of_a_stock_dividend/) + +&#x200B; + +Edit: 07-07 11pm EST: Adding this chart illustration reflecting % price appreciation by u/Money-Maker111 + +[Credit u\/Money-Maker111 ](https://preview.redd.it/we4h7q9ne9a91.png?width=1058&format=png&auto=webp&s=93e4ff2aa4e2de9baa42a1de0572f7e701ff1311) + +\[***Edit 07-09 10am EST\] Perspective:*** GME is at 100% utilization of borrowable shares for 100+ days. Most lenders tend to recall shares to ensure they receive the dividend so that they have the shares to credit to their client accounts. However borrowers no longer have the ***20+ million shares*** they borrowed to short $GME down. As borrowers / shorts attempt to buy the shares back to close their short positions, they have a very small pool of liquid shares to buy from - resulting in price appreciation: + +Shares outstanding are 76,347,215, less insiders 11.807,433, less DRS 12,700,00 = 51.839,782 free float. Reduced by *less liquid* shares (may not be able to sell in the near term): Institutional: 13,716,541, Mutual Funds: 7,957,066, ETFs: 6,690,476. \[Note there is uncertainty about some overlap in Institutional shares and mutual funds and ETFS\]. **This represents a remaining** ***liquid*** **float of only approximately 23,4 million shares for the shorts to buy shares from to close their borrowed** ***and*** **naked/counterfeit/synthetic positions.** + +And We're Not Selling. + +&#x200B; + +&#x200B; +Some people are still seemingly in denial that this place is coming back, but it's not. The only twitter account for it is now disabled and there hasn't been a peep in a week. The money is gone, yet if anyone tries to talk about it they are downvoted or called crazy. Is it just such a giant conspiracy they are getting to all the subreddits too? I don't understand this at all. +I found myself revisiting an old post earlier this week and I've been thinking of it since, so sharing it here to hopefully enlighten new and old apes and offer perspective when faced with the magnitude of this unpredicted event we find ourselves immersed within. + +[That's Billionaires, with a 'B'.](https://preview.redd.it/t9ch1scgu1h91.jpg?width=520&format=pjpg&auto=webp&s=044b8989d2d1b9d39c3676ffd78e44ff1ca15e2f) + +# $6,472,200,000,000 is a lot of bananas. + +So knowing better than believing everything you read on the internet (Motley Fool does a good job of reminding us of that fact everyday...) I decided to track down the original post. + +And I found it. + +[ Mods - if something needs to be amended\/removed\/censored from this image - please tell me and I will do as instructed to abide by sub rules.](https://preview.redd.it/zplxfyd8u1h91.png?width=1698&format=png&auto=webp&s=617fbd5b3bc346fb32b2c08547c1d8b07a7cbe06) + +**So this post is 3 years old.** + +Outdated? The figures are, but the point remains valid - and let me explore below as to the reason why. + +We can see that the OP provided evidence to support his findings and based his figure on the Forbes 19 Rich List - which is made up of a load of billionaires. I've seen your comments below and yes, I'm not saying every billionaire is a criminal, obviously. And we're not seizing their money. We're trying to understand how much dollar is out there, and boy - is it a lot. + +And you know what, based on what I've found - I think it might just be the tip of the iceberg. + +*(Can’t link the original post due to anti-bridging rules but here's the google doc as referenced above so that other's can verify the claims stated here:* [*https://docs.google.com/spreadsheets/d/1FELfk3F8ckpXFPG4pszTkMBF4kI-AoFx2wy\_l0PlJ7g/edit?usp=sharing*](https://docs.google.com/spreadsheets/d/1FELfk3F8ckpXFPG4pszTkMBF4kI-AoFx2wy_l0PlJ7g/edit?usp=sharing)*)* + +Now the reason I share this, aside of highlighting just how absurdly and disgusting far removed the 1% are from the 99% (we could spend all day discussing the intricacies of that one), I’m sure many of you - like me - have sat down and had conversations with family and friends and tried to explain to them how buying just one single GME share could make you a **multi-millionaire**. + +And it sounds fucking nuts, doesn't it? But roll with me on this one. + +This isn't a post about company fundamentals and/or details relating to the excessive issue of synthetic shares as exist for GME ^((but there is plenty of DD out there on these subjects, and I encourage you all to go read them)) but I like to assemble information and piece it together in a way that helps shape our understanding of the bigger picture, and it seems to me that the issue often lies with people not really grasping of how much money is actually *out there - s*o I'm hoping this post skims that surface in a easily digestible way. + +[You tell 'em Cruz.](https://preview.redd.it/hztcha8uh2h91.png?width=1024&format=png&auto=webp&s=ec9c6e631f1dd83176cb74dfb16f46bb8eb50503) + +# How much money are we talking about here? + +So let me try and explain why selling shares for figures that would make a phone number blush isn't beyond the realm of possibility. + +Going back to basics, we've got a few favourite faces who keep appearing in this saga of ours. They are, but not limited to: + +* [Jeff Yaas](https://www.forbes.com/profile/jeff-yass/) of Susquehanna International Group +* [Steven A. Cohen](https://www.bloomberg.com/billionaires/profiles/steven-a-cohen/) of Point72 Asset Management +* [Ken Griffin - Founder, CEO, & Co-Chief Investment Officer](https://www.linkedin.com/in/ken-griffin) of Citadel + +\*\*Here's the 'Real-Life Billionaires' list on Forbes website, I'll leave this here in case anyone wants to explore further: [https://www.forbes.com/real-time-billionaires/#179810503d78](https://www.forbes.com/real-time-billionaires/#179810503d78) + +And now let's look again at their net worth as "shared" on Google: + +Jeff Yass - **12 billion USD** + +https://preview.redd.it/vqyf4z0613h91.png?width=1922&format=png&auto=webp&s=e04602deb20b75c72450e37dbc1bae6f63cf2e32 + +Steve Cohen - **16 billion USD** + +[I had to piece this one together as Steve's image doesn't appearing next to his net-worth. Wonder why... ](https://preview.redd.it/w1m6x5ox13h91.png?width=1312&format=png&auto=webp&s=6fbecec18de564634f5d86e149be23ea6c8824a9) + +Ken Griffin ^((yes, the same one that lied under oath)) - **26.5** **billion USD** + +https://preview.redd.it/e7flo5u813h91.png?width=1900&format=png&auto=webp&s=144c0dfe6c8220b2addc724e734a9c291625dd35 + +Woah. That's already a lot of money. Enough to liquidate these guys and use it to restore wealth and prosperity back to the people. Right? + +Wrong. + +Even though that we agree that it is *a lot* of money - it still looks just a little bit... well, tame doesn't it? Especially when we're talking about the possibility of **liquidising Wall Street**. + +So I keep think to myself, if I was ~~stupid and greedy enough~~ responsible for monopolising the world's wealth, I would probably keep the full-extent of said wealth secret from those I have taken it from (I.E the public). Least of all, make that information available via a simple google search. + +So that kinda begs the question: what about the money that's have stashed away? Does this get taken into account their public displayed 'net-worth'? + +Well, simply put - no, it doesn't. + +For those who ask, how do you know there are funds stashed away? Let's go look at one example of the real monetary figure that 'hides behind the curtain', drumroll please: + +# "Kenny's Cayman Fund Document" shows 125B in offshore accounts. + +# [https://www.reddit.com/r/Superstonk/comments/vpd2ww/about\_kennys\_cayman\_fund\_document\_post\_with\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vpd2ww/about_kennys_cayman_fund_document_post_with_the/?utm_source=share&utm_medium=web2x&context=3) - CREDIT [u/hatter011](https://www.reddit.com/user/hatter011/) + +[125 BILLION - woah. That's a lot more than the 26.5 Billion listed online, isn't it Kenny?](https://preview.redd.it/zgyl5jh3j2h91.jpg?width=310&format=pjpg&auto=webp&s=bd51cbb313b5b3375767811a8b1b0fb0e0c22750) + +Suffice to say, when we think about where the money is going to come from (yes Kenneth - you will have to **close** these shorts), there seems to be a lot more money out there than they are letting on, and the same money they don't want us to have. + +And boy - it would be ***really*** inconvenient if any of these guys were short on GME. Bye, bye not-so-secret bank account, eh? + +If you want to read more into this, look into some posts written by [u/BadassTrader](https://www.reddit.com/u/BadassTrader/). I suggest you start with **Billionaire Boys Club** or, you can venture down the rabbit hole to unravel hidden truths in **The Pandora Papers** (which unmasks the hidden owners of offshore companies, secret bank accounts, private jets, yachts... etc): There's a great summary here: [https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/](https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/) + +But if liquidising all the bank accounts of short seller's isn't enough for you, and hell - why should it be - let's look at where the buck ends. + +# The FED. + +Now I'll be honest with you, it's hard to narrow down a source that is an absolute on this. Looking online - claims range that anywhere between **40% - 80% of all US dollars were printed in the last two years**. Which, is completely nuts in itself at either end of the scale. ^(If you have anything definitive regarding this, please DO share and I will update this here.) + +But I did find this: + +https://preview.redd.it/o9sxx94g02h91.jpg?width=960&format=pjpg&auto=webp&s=a38a91534e6685f14630c37b2f84ccb3d3f169a1 + +And if they can print out this much money in 2021 **(yikes)** they can surely cover any debts as they owe GME shareholders, right? + +But this is only the tip of the iceberg, as printing endless streams of money has been their 'go-to' for quite some while now. Who figured. /s + +**"Between 2008 -2010, the fed printed 100 years worth of money. Here's the start of the financial bomb that has been growing ever since. "** + +[CREDIT: u\/Silent13clk](https://preview.redd.it/ix0bbe9812h91.jpg?width=640&format=pjpg&auto=webp&s=3e22233251c294516fa52689370397d150b952db) + +^(Original link for further learning/appreciation:) [^(https://www.reddit.com/r/Superstonk/comments/sieysb/between\_2008\_2010\_the\_fed\_printed\_100\_years\_worth/)](https://www.reddit.com/r/Superstonk/comments/sieysb/between_2008_2010_the_fed_printed_100_years_worth/) + +So we've established that there's a history here with the FED opting for the '**printer goes brrrrrr**' safety net option. And clearly it's a favourable one, because it's certainly easier than having to work for the money, that's for sure. + +But don't just take my word for it - here's the FED themselves here to tell you all about their **unlimited reserve**! + +# Go check this out! [https://www.reddit.com/r/Superstonk/comments/vywx2r/phone\_number\_price\_target\_confirmed/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vywx2r/phone_number_price_target_confirmed/?utm_source=share&utm_medium=web2x&context=3) + +[CREDIT: u\/easymoneeybabe](https://preview.redd.it/n8nsxzt0m2h91.png?width=1208&format=png&auto=webp&s=3803e481b13004169fe5976f9c9e250ca4ce2389) + +That infinity pool is looking all the more delicious now, isn't it? We could hold forever because it seems they **DO** have the money to pay for our tendies. Isn't that good news? + +Now it's time to find out just how generous the FED are. + +To put this all into context, over the course of a **2 year period the Fed threw approx. $4.7 trillion in printed money at Wall Street.** + +$4.7 trillion. + +2 years. + +**Wowzers.** + +You can read more about that here (can't link, go duck it): + +https://preview.redd.it/9cjclwigt2h91.png?width=1688&format=png&auto=webp&s=4576181438cb01db7d02de7fb9405a8d06cb441e + +So now we know that the FED have unlimited funds and are clearly **very** motivated to help ensure that Wall Street is looked after, it makes you ponder as to how the FED might be feeling about extending that same love to a bunch of degenerate apes. + +Alas, I'm not here to theorise but present the facts - and the facts are that whilst Wall Street was receiving financial aid from the FED, all **$4.7 trillion** of it, the average person was getting a lot less. + +Corporations have been flourishing since the pandemic, as [Stock Market: U.S. Corporations Hit Record Profits in 2021](https://www.bloomberg.com/news/articles/2021-12-06/stock-market-u-s-corporations-hit-record-profits-in-2021-q3-despite-covid) whereas workers have struggled relentlessly trying to make ends meet. + +[Oh look at that for coincidences. Some say that record profits are stolen wages, but a conversation for a different time perhaps. ](https://preview.redd.it/jkzmcuh7y1h91.jpg?width=960&format=pjpg&auto=webp&s=5c5d97c184c3e4b9eb974de92c9260d9bb8354ea) + +I won't get into the intricacies of just how difficult it is for those at the bottom of 'financial food chain' but will simply highlight this as evidence that "*trickle down economics*" doesn't appear to work. Suggesting - we need a new model. + +But we're here to talk about the money, right? You want to know the outcome of all this. + +Endless money printing, growing inflation (currently at 8.5% in the US) and the hoarding of private wealth off-shores isn't working? You'd be right to say no - but all this criminality and being carried out to such extent tells me one thing for certain. + +There's a lot of money at stake here. + +Like, a lot a lot. + +So let's see how much ..... + +**''US Debt Has More than Doubled Since the End of 2009, Increasing by 17.3T Since...''** + +[CREDIT: u\/Freadom6](https://preview.redd.it/ea9pritr12h91.jpg?width=960&format=pjpg&auto=webp&s=60809bd0d412b9ca959311350cfd0e87725e2e2e) + +^(Original link for further learning/appreciation:) [^(https://www.reddit.com/r/Superstonk/comments/uixiqj/us\_debt\_has\_more\_than\_doubled\_since\_the\_end\_of/)](https://www.reddit.com/r/Superstonk/comments/uixiqj/us_debt_has_more_than_doubled_since_the_end_of/) + +Boy - would you look at all that debt? Seems like someone has over extended themselves. Could some of that be our money? + +I guess Wall Street and the FED's only option now is to hope there aren't any stocks out there that pose an idiosyncratic risk in the market that could blow this whole thing wide open. And the last thing they want to do is part with any of their money, which we're starting to realise is a whole lot of cheddar. + +So to end. + +This statement from 2019 - the one that started this whole thought train off: + +# $6,472,200,000,000 - That's how much we can seize from the billionaire class... without even reducing the number of billionaires. + +I don't know about you guys - but this seems like a ~~pretty solid floor.~~ EDIT: You can't have a floor with infinity, can you? Especially not with pockets as deep as the FEDs. + +This money is worth holding for and I think if we continue to scratch beneath the surface, we might just find ourselves with more than just new phone numbers in our pockets. + +Certainly offers perspective though, doesn't it. + +^(If you see any price anchoring, you shut that shit down. Sky's the limit 🚀) + +[DRS too.](https://preview.redd.it/bca7bl4y43h91.png?width=992&format=png&auto=webp&s=a21d0c7d2833cfe422635c3663004419768518b2) +[https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html](https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html) + +So what do you think the retail investors will be buying this time? + +Tesla and other meme stocks? + +Or they have noticed that there is a possible rotation in value stocks and will put it there? + +Or will they think, put it on FANG and other high flying tech/renewable energy stocks that have dipped quite a lot the last two weeks? + +If it was up to me I will tell them to buy ICLN/IQQH, TDOC, CRSR, NET, and CSIQ because I have been really hurt by these during the past few weeks and need some support! :-). If only I can hack Musk's twitter account for one day and tweet just these tickers.... +I'm new to investing, so I've been thinking through a bunch of different options. + +How far are your furthest rental properties from you? +Do you manage it/them yourself? If so, how? What made you buy far away? Was it worth it? +Hello guys, + +I am planning to start an LLC by buying 3 houses and renting them. I will be investing with my 2 siblings, and I wondered if I could rent one house for myself to live in (My siblings don't live in the US, so the other 2 properties will be rented "normally"). +I want to do this because I am a physician, with a high risk of liability, and I want to keep my house off the hook in case of a damaging lawsuit. +Is it worth it? Can I do it? +Thanks +I personally love using an EMA crossover strategy paired with the fibonacci retracement, as well as just a general macro view. I go into each trading session knowing I am only going to play puts or calls, & if there is a play I take it. + +I added a simple picture of SPX for a visual +The S&P 500, currently at 3800, has a P/E ratio of around 19 and a half, down from the 30+ it was last year. If we revert to the mean of 15 in terms of PE, we’re looking at a 25% drop from here which takes us to 2850. The scenario of complete reversion to the mean is tied to a 30 year treasury yield reverting to its long term average of 6.29%, which seems unlikely unless inflation expectations really get out of control in the next years. +So let’s say this is the worst case scenario. + +Then we have earnings contraction, latest estimates by Goldman are around 11% in the next 2 years. +That would take us from 2850 to 2536. + +Would you consider 2500 a good approximation for a worst case scenario, in which earnings come down and inflation is not tamed? + +I am wondering when to enter this market in a major way, and 3200 seems like a good point to start averaging down. In my mind, if the worst case is to 2500, it is a 22% decline from 3200, very bearable psichologically. +My investment time horizon is 20+ years, so not too worried about the incoming recession. Not trying to pick the bottom, just curious about how bad things can get. +Our favorite German ape, u/DerGurkenraspler, seems to be out (bravo on that marathon series of updates yesterday!) so let's watch the German market together while we wait for early US pre-market to open! + +&nbsp; + +- 115 minutes in: **$229.75** (final update, US pre-market is about to open!) + +- 110 minutes in: $229.54 + +- 105 minutes in: $229.66 + +- 100 minutes in: $229.69 + +- 95 minutes in: $230.67 + +- 90 minutes in: $231.77 + +- 85 minutes in: $230.33 + +- 80 minutes in: $230.33 + +- 75 minutes in: $230.30 + +- 70 minutes in: $230.33 + +- 65 minutes in: $230.06 + +- 60 minutes in: $230.06 + +- 55 minutes in: $230.06 + +- 50 minutes in: $229.54 + +- 45 minutes in: $229.54 + +- 40 minutes in: $229.54 + +- 35 minutes in: $229.57 + +&nbsp; + +FAQ: To generate this data, I'm viewing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and putting them through a currency converter to USD. Today's EUR -> USD conversion ratio is 1.22353943. + +I'm not trying to take over this tradition, just keep it going for fun. +Hello team 👋 I've had some money to invest the last 3 years and have ended up funneling most of it into broad-ish funds that I'm planning to leave for 10-20 years. + +The last couple of weeks have given me enough confidence to take a position on a stock that I think is more of a 1 or 2-year plan, and I'm a bit 😬😬😬 but at the same time - I think the market is overly conservative on this stock, and I've seen this company's story enough times before. + +So CD Projekt S.A. are a Polish games studio. They have a [well-known store-front of their own](https://www.gog.com/), a [well-regarded game of their own](https://thewitcher.com/en/witcher3) ([24th best-selling of all time](https://en.wikipedia.org/wiki/List_of_best-selling_video_games) \+ a Netflix series), and after 7? years they've just released a new title that's reputedly the most expensive ever made (after Grand Theft Auto 5), *Cyberpunk 2077*. + +The hype was successful enough to make back [all their development & marketing costs on pre-orders alone](https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-65-2020/). The launch - 2 weeks ago- has been a PR disaster. It's bugged and almost unplayable on consoles, despite Microsoft selling a special Cyberpunk-branded XBox. The studio have promised refunds, [Sony yanked it from their digital store](https://www.playstation.com/en-gb/cyberpunk-2077-refunds/). + +The stock [dropped 43% from its peak](https://www.google.com/search?channel=trow2&client=firefox-b-d&q=WSE%3A+CDR), but the studio [confirmed 13m sales](https://www.cdprojekt.com/en/investors/regulatory-announcements/current-report-no-67-2020/) after taking outstanding refund requests into account. + +It's not really an unprecedented situation - [Witcher 3 was a mess at launch, taking months to resolve](https://www.thegamer.com/cyberpunk-2077-bugs-issues-witcher-3/) (not quite on this scale, but all of this seems fixable from an enginering standpoint). And it's no [Star Citizen](https://www.forbes.com/sites/paultassi/2020/06/14/star-citizen-passes-300-million-in-crowdfunding-for-some-inexplicable-reason/?sh=c9b7fb5303ad) \- the "game" which has raised hundreds of millions of dollars from crowdfunding over 7 years despite barely shipping more than a preview. + +Despite CDPR losing cred with die-hard fans for [cancelling the release of a Taiwanese game](https://www.vg247.com/2020/12/16/gog-devotion-cancel/) due to political pressure, and for [criticism of "crunch culture"](https://www.polygon.com/2020/12/4/21575914/cyberpunk-2077-release-crunch-labor-delays-cd-projekt-red), I don't see any evidence that the company won't be able to build on Cyberpunk 2077 for years. They've already [made sure their contingent bonus scheme paid out to developers](https://www.gamesradar.com/uk/cd-projekt-scraps-plans-to-tie-cyberpunk-2077-bonus-scheme-to-review-scores/) in full. + +So I still believe they've created an enormous asset. The game will sell, and easily give them the opportunity to launch DLC, multiplayer and other expansions. The lack of sales on consoles will easily be made up by an "enhanced edition" for the next generation later next year. *I don't think those forecast sales are going to go anywhere*, even if gamers who were passionate about the project hold their purchases back. It will hold its own against the studio's own Witcher 3 & Red Dead Redemption 2 - very similar "open world" games with hundreds of hours of entertainment. It will still be on sale for full price next Christmas, with fewer bugs and more content. If they can get to a launch date for a [multiplayer expansion](https://wegotthiscovered.com/gaming/cyberpunk-2077-developer-ready-discuss-multiplayer/), they have a shot at many many years of continuing revenue from the project, as GTA5 has shown. + +These are all hunches from having managed software development myself, and followed the games market my whole life. I think the PR hit was fully expected, the time-warp stock price is an opportunity, and 1-2 years will show more than a full recovery. + +This is clearly risky territory, but I sense I might be talking to a few long-time gamers 😉 What does anyone else think, and what I have missed? +I bought some recently and topped up today too, analysts at work have said general concensus in city is this is a strong buy with target price of around £90. + +I bought at £55 and have topped up today as well. General idea is that I know the takeaway industry isn't really going anywhere whether we are in lockdown or not. JET has been hurt as Grubhub in US isn't doing too well but regardless I'm fairly sure this stock is undervalued. In general I prefer to buy active, mainly assets funds but occasionally dabble in penny stocks, personally feel JET is a good buy. + +Currently at £46, wanted to know what peoples thoughts were +This achivement by all of us, and for the cryptoverse it's just amazing, Bitcoin it's just casually trading for 63k-65k, and just to refresh your memory, that was our previous ATH, and we just touched that for like a couple of hours, no we've spent hours, days, and even weeks at this current levels. + +&#x200B; + +[BTC hourly, from the previus ATH. \(On April 2021\).](https://preview.redd.it/r2ghoiveglz71.png?width=1028&format=png&auto=webp&s=178f4e06b4a32cda4abf5b5fc5d31c8d4d4025d8) + +As you can see, we just touched this current levels just 13 times, and now we're just chillin at 64k, building a fort for a potential downside when we go higher on the upcoming days/weeks/months. + +&#x200B; + +[BTC hourly right now.](https://preview.redd.it/j1pcgp02hlz71.png?width=1038&format=png&auto=webp&s=d3f978c994a40fa447b3cd012c817372c97a889a) + +So anyways, I think this is a great thing for BTC and the entire cryptoverse, hoping that everybody's in the green right now, and mining Fiat so you can invest more hopefully. Have a nice Sunday. +Reading this sub, it is pretty easy to see all the great things that generating wealth can do for you. Better houses, cars, vacations etc.. But I think sometimes the sacrifices to get there or the general negatives of having piles of money escape these discussions. So to reiterate, what have been your negatives, and would you have done anything differently in order to avoid them? +Hello, I’m trying to understand this retarded ass market. + +Okay so there’s this company called Pfizer. They have the number one drug to treat a pandemic. Well it’s not just a pandemic, it’s a global pandemic. Oh yeah and by the way, it might be a permanent global pandemic. + +Yeah so, a company called Pfizer has the number one drug to treat a permanent global pandemic. Recently, they made it into a pill form. Okay. + +There’s this other company. They sell an overpriced workout bike that - get this - has a tv on it! And the great part is, you have to pay every month for the tv to work! Can you believe that? The tv stops working if the customers don’t keep paying for it. Genius. + +Now, unfortunately no one wants to pay for that overpriced piece of trash, so the company is going to have to fire 2,800 employees including the CEO. + +Okay, got everything? + +Yeah so Pfizer stock is down and Peloton stock is up 25%. Fml + +Anyone care to explain how this makes sense? +OOOBTC doesn’t charge different fees between takers and producers. Their expense model is something we typically call a “level charge model”. Their level charge is 0.15%. This implies if you’re a taker in an order, you pay 0.15%. If you’re a producer in an order, you likewise pay 0.15%. 0.15% is for the most part lower than the worldwide industry normal. + + + +Website; [https://www.ooobtc.com](https://www.ooobtc.com/) + +\#obx #IEO #Coin\_of\_month #crypto #bitcoin #ethereum #Airdrop #launchpad #blockchain #btc #toqqn #dogecoin #Btk #usdt #cryptocurrency #Btcone #OVC + +Join ooobtc here; [https://t.me/ooobtcBounty/1628](https://t.me/ooobtcBounty/1628) +I saw two charges on my account, one for GARNISHMENT OR LEVY ITEM and one for GARNISHMENT OR LEVY FEE CHARGE. Issue is, I dont have children, have never been married or anything that should lead to me needing to pay child support. I called my bank who let me know the Garnishment department stated this was a legitimate charge and that I needed to contact the state child support department. + +&#x200B; + +I contacted them and they were unable to find my case number and my SSN was not even in their system. They stated they would reach out to what they call their enforcement team and see what they can find. I was transferred to a manager who stated without a case number he could do nothing for me. + +&#x200B; + +I called my bank back to report my card stolen, because I figured this was the only thing that could have led to this happening. They explained that the charge didnt get taken from my card, and transferred me to the checking account fraud, who then tried to get me back to garnishments, again. I was told that these can only come in the form of a court order, and no one on either side has been able to help me. + +&#x200B; + +Now Im stuck and out almost $700 for a charge that has nothing to do with me, and Im freaking out trying to figure out what I should be doing. Any help or advice would be greatly appreciated! + +&#x200B; + +EDIT:: I should clarify, the only reason I think this might be child support related is because my bank gave me the number tied to the charge, which was to the Child Support Department +Ive been bullish for a long time despite even the pandemic. I was confident the FED would do the right thing and raise rates, and the government would chill the fuck out with the spending. (Monetary and fiscal policy). + +Well, after seeing inflation data and the governments response, I’m bearish. Biden blames Russia 100% for inflation. There is zero talk of cooling spending, he even said “I’m sick of the American people saying government spending causes inflation”. Fact, high government spending is one of the many parts of demand pull inflation which is what we are experiencing; unless he has discovered a new facet of Keynesian economics. + +Now there are [speculation] talks of an invasion of Taiwan, if that happens we are definitely fucked because thats where almost all of our silicon comes from. (This is the most speculatory part, it is a risk that needs to be considered though) + +Inflation is going to get worse. The government is not going to do shit as they’ve indicated. Since 2008 the government solution to everything is to throw money at it. The fed isnt going to do shit, theyve literally fucked themselves into a corner. They cant raise rates, we wont be able to pay for our debt. (I mean raise them significantly. Not fucking .25%) + +I think we are in for a horrible fucking quarter with where gas prices are. The spike in gas prices solidified my bearishness: when gas prices are up literally everything under the sun costs more.Companies will need to raise prices more, consumers will become priced out and more frugal, demand will fall, stagflation. + +This being said I am holding still, but I will be waiting a couple months before buying more. Especially after Q2. + +Also, why are NO politicians holding the FED accountable right now? Ive seen nothing in the news cycle about it. + +Oh yeah lets not forget the housing market is absolutely fucked right now. + +Edit: a lot of you seem to think 8% inflation is good for stocks. LOW inflation (2%) IS good for stocks and economic growth. HIGH inflation is VERY bad for the economy, head math: prices go up, value of money goes down, consumers buy less. Bad. +After watching today’s shenanigans, I thought I would breakdown some of today’s movements with brief explanations. + +&#x200B; + +GME steadily has been producing some great gains this week, opening Monday bright and early at 154.89 and finally opening today at 269, looking poised to make our moonshot. Unfortunately, after peaking above 330, after a series of trading halts, plummeted down to 198, with restabilization by EOD. + +To the unexperienced eye and paper hands, this looks like a time to sell. + +# However... + +To the experienced trader, this is a textbook Salmon chart. Lemme explain it clearly to the retarded paper hands here. + +&#x200B; + +[The graph to a newbie](https://preview.redd.it/a9906egsmbm61.jpg?width=1504&format=pjpg&auto=webp&s=6488bd00fd49bf5615874b05f2a0517172fd2926) + +# But if you look closely a pattern emerges + +[Behold! The Sockeye salmon chart](https://preview.redd.it/zatemtj4nbm61.png?width=2224&format=png&auto=webp&s=9c768bd643543c9828979aa58056b1a060197f5b) + +The Sockeye Salmon chart movement is a dead giveaway. It begins as a massive dip that goes below red (to match the color of breeding Sockeye), then some wacky shit for the ventral fin, and we have stabilized at the belly of the fish, in the green for approaching the head. + +# But what about the natural predator of salmon coming to spawn? + +&#x200B; + +[That’s right, gay bears are behind this shit.](https://i.redd.it/4qpbtglkpbm61.gif) + +Bears the natural antithesis of salmon, and gay bears the antithesis of the retail traders. But how have the gay bears forced the stock to plummet? What manipulation did they have this time? + +# You may be familiar to ladder attacks, but let me introduce you to fish ladder attacks. + +# + +[This is a fish ladder for the uninitiated ](https://preview.redd.it/wxxih8reqbm61.jpg?width=300&format=pjpg&auto=webp&s=472de53d1dbb29bbe51b2c971242a4f098859d6f) + +Ladders allow fish to get upstream to spawn wealth, despite hedge funds preventing direct, uninhibited access. + +# Hedgefunds have stationed gay bears at the ladders to eat the incoming paperhanded salmon, which was the primary driver in today’s major crash. + +# But what’s that tube representing retail trading? + +[A larger diagram explaining how the parties are interacting.](https://preview.redd.it/lc3itddgsbm61.png?width=1600&format=png&auto=webp&s=11792c453e0f6ee0c52f28a6ebde6166eb465b93) + +# Thats right, its salmon tube time + +&#x200B; + +[But who’s loading the salmon?](https://i.redd.it/5z7cp28ktbm61.gif) + +# Diamond hands, Ryan Cohen and other big players are literally loading willing salmon into the tube to bypass the gaybears and fish ladder attacks, to take us straight to valhalla for our tendie spawn. + +# Prediction graph for the upcoming days + +https://preview.redd.it/09itt4dstbm61.png?width=2224&format=png&auto=webp&s=9e713b8049baed07ff6e6cc4c38da9b4b5c56fca + +&#x200B; + +# Come take me to the upstream, all you gotta do to HODL✋🏻💎🤚🏻🚀🐟 + +Disclaimer: I am not an investment advisor or wildlife ecologist, this is not investment or fishery advice, I just like the stock and the sockeye + +&#x200B; + +Edit: Holy shit I love y’all. Godspeed to tendieland everyone! +I draw with space crayons. I swing trade on steroids and it makes me enough money to fuck your wife - which costs less than you think. + +So listen up. Follow along and I’ll tell you a tale of how this OG meme will make you rich in a few days. https://imgur.com/a/FP8foPf + +BOOM pro is a script made by this guy. And he fucks. Hard: https://www.tradingview.com/u/veryfid/ + +MACD and RSI you should know, if not, wait for Cramer to tell you about it on CNBC ya boomer. + +The sequence to look for with GME is: + +* The Boom Pro Signal line (the WHITE line amongst the agglomeration of Center of Gravity a.k.a COG oscillators) finds a bottom after a high point. + +* The Red COG cloud establishes an uptrend. + +* The signal line finds resistance (red line) in it’s first top after the red cloud has established it’s uptrend. (YELLOW circles) + +* When the signal line breaks the resistance (red line) the rocket is launching (GREEN vertical line) + +* This is confirmed by MACD, RSI, and a stochastic pop indicator made by another guy who fucks: https://www.tradingview.com/u/ChrisMoody/ + +As you can see this is a leading indicator strategy with multiple confirms, with a high success rate for GME. + +I’m going to sell a kidney tonight to buy $5K worth of call spreads Feb 18 at open 110C/140C. See you in the Casino degenerates. + +Edit* formatting and expiration +**Background:** I am in a position where I am living on basically no expenses due to being deployed. My father back home has been paying rent all of his life. Now that I am starting to look into investing, and my credit score is decent, I was contemplating getting a VA home loan to buy a decent property. (125k-200k where he lives.) I would then just offer this place to him for the same rent he was paying before. (850) In my inexperienced mind there is hardly a downfall here. Even if he fails to pay, I can easily cover it in my own budget. When I come home from my deployment I will need a house, and it would easily have enough space for me. It also gets my father out of his current horrble house he's renting into a much better one while keeping him around family. (He is divorced and has shown signs of loneliness for some time now.) My father has made a career for himself in this area as a plumber, so I'm absolutely certain he will want to stay in the area until retirement. I have discussed this idea with him, and he seems very excited at the chance to improved QOL and being around someone. + +**My question:** Is this a smart move? Are there unforeseen negatives to going through with this? If this is a good idea should I pick a cheaper house to avoid as much interest as possible, or an expensive house to end up making more equity? Anything else to keep in mind? Thanks for the help. + +**Details:** + +* 20 years old +* Employed full time. \~45k after taxes +* Working toward maxing my 401k. (IRA is maxed, and I have a 6 mo emergency fund.) +* Very high risk tolerance. +* Currently holding a diversified portfolio of US and Int. stocks and bonds, as well as military only investment vessels. +* No other applicable assets. +* Will not reasonably need any investment money until retirement. +* Absolutely no debt. +* Active Duty military member. Have not claimed any financial aid for anything. Above 720 credit score. + +EDIT: Thank you all so much for the massive support and responses! I really was not expecting this many responses, but I will take every bit of additional advise I can get! +Yesterday, I turned in my keys, my phone, my badge and my computer. I took off my pants, my shirt, my... just kidding. + +I am 56, have a personal net worth 30x my expenses. I own a house and share all financial choices with my wife. She will continue to work her PT job which she loves. She earns enough to cover all our expenses, gets medical for our family, and has her own savings. We have two kids whom we plan to send to college in a few years. + +I loved my job until I didn't. It was the best, but eventually it became putting on a monkey suit to show up in a box. I could write a lot about burn out and bad bosses. + +The last month at work was the best - a victory lap with lots of opportunities to revisit the best of times with lots of amazing co-workers. It actually made me sad to leave (a little). + +I am looking forward to taking back my brain and my body. I want to stop waking up thinking about work. I want to walk and hike and swim and bike instead of looking at a screen. I think it is going to take a while to slow down, but eventually I aspire to be able to read a book again. + +In June 2015, I discovered the MMM blog and forum and was an instant convert. I consumed FIRE blogs and loved jlcollinsnh, livingafi and GCC. Over the next 6 months, I converted my wife and began saving as never before. We watched our savings increase by 50% in 3 years. + +This morning, I am so grateful for the opportunity to start a new path. I am not a very good writer, but I will try to throw out an update from time to time. +I will admit I'm very jaded. But I'm trying to plan my future accordingly with all the data I can. + +How are things looking by the year 2018? + +Edit: I was sort of hoping for some optimism lol. Welp... Fuck it we'll do it live I guess. +**Deleted the prior/reposting because apparently I'm an idiot and can't manage to type a full title.** + +Note it looks like this behavior is no longer happening but it would seem that in the whole realm of payment for order flow Robinhood erred too hard on the side of accepting payment and not hard enough on the side of looking for price improvement. + +They've retained a consultant to ensure this isn't an issue going forward but it would seem to be vindication for those that complained about RH's execution. + +https://www.finra.org/media-center/newsreleases/2019/finra-fines-robinhood-financial-llc-125-million-best-execution + +>FINRA found that for more than a year, Robinhood—which offers its customers the ability to trade in equity securities without being charged commissions—routed its customers’ non-directed equity orders to four broker-dealers, all of which paid Robinhood for that order flow. This arrangement is known in the brokerage industry as payment for order flow. + +>FINRA Rule 5310—Best Execution—requires firms to use reasonable diligence to ascertain the best market for the subject security and buy or sell in such market so that the resultant price to the customer is as favorable as possible under prevailing market conditions. FINRA member firms that route customer orders away for execution can satisfy their best execution obligations by conducting either an order-by-order review of execution quality or a “regular and rigorous review.” FINRA Rule 5310 enumerates a number of criteria for firms to evaluate in these reviews. + +>During its reviews, Robinhood did not reasonably consider the Rule 5310 execution quality factors (such as price improvement) that the firm could obtain from alternative markets. Instead, Robinhood’s Best Execution Committee materials focused only on the execution quality of its pre-existing routing destinations, all of which paid Robinhood for that order flow. + +It should be noted that 1.25MM is pretty tiny. +I own an AMD JAN 20 '23 $80 call (which has a delta of 0.86 right now) + +I sold and got exercised on an AMD FEB 04 $117.5 call. Basically I'm short 100 shares of AMD at the strike price of $117.5. Obviously this position is in the red while my LEAP is significantly in profit. Enough so that if I close both my LEAP and short position, I will end up on a profit. + +However, the greedy me is wondering whether I should wait on my short position until it goes to breakeven at least. That means AMD hitting $117.5 or less. That way I don't take a loss on my covered call and also get to keep my leap. The daily chart looks fairly strong though so that may not happen and if AMD keeps climbing up I will lose more money as my short position has a delta of 1 while my LEAPS is at 0.86 delta. + +To make it easy, my choices as far as I can see are the following: + +1. Close my LEAPS option & my short position resulting in a profit; +2. Take loss on my short position and keep the LEAPS; +3. Wait for my short position to go on breakeven and keep my LEAPS; + +What would you do? Thanks! +Odd one that I’ve never come across before... + +I have a 5-year fix with NatWest that I can overpay by 10% per year. + +I made a lump sum overpayment. + +I then got a letter from NatWest saying that they’ve received it, and that my monthly payment has been reduced by £110 or so. + +I then called them because I wanted to reduce the term and not the monthly payment. + +Advisor said that NatWest always reduce the monthly payment and not the term. I can reduce the term but there’s a £35 charge to do so. + +I then increased my monthly payment back to what it was before. + +**So, does making an overpayment that reduces the monthly payment, and then increase the monthly payment as a monthly-overpayment still save me interest?** + +I can’t get my head around it. + +My reason for making the lump sum overpayment was that the calculator (on NatWest’s website) shows that an overpayment adds more, for free, as it reduces the term and therefore interest. + +Can anyone ELI5!? + + +*EDIT: Thanks folks. That’s clarified it for me.* +\[Short financial background\] + +Net income on a typical 40 hour week is around $474/$1896 monthly. Currently the only debt I have is a small medical bill ($70) and my cell phone (around $900) which I'm doing 30 month installment plan. I have no savings at the moment either. +Hi, I have been trying to find companies that deal with water in India. As it’s going to be a major commodity in coming years, I was thinking of investing. Does anybody have idea in which companies deal with water or related services? One I could find was ion exchange but it didn’t seem reliable. +So with the recent "air of uncertainty" wrt banks all over the news, my father's BP is higher then ever and he's been eating my head about putting some of my money in the post office savings schemes because + +a) not bank, and +b) because of their higher ROI on FDs compared to the big banks + +Which got me thinking how the F is an institution with a 15,000 cr. deficit[1] and record losses every year paying interests on FDs at a ROI that's higher than banks that are turning a net profit? + +I tried googling but all articles talk about how safe the investment is, none of them talk about "what the investment is". What is the post office doing with this money and how are they paying interest without turning a profit. + +[1] https://www.businesstoday.in/sectors/psu/india-post-losses-touch-rs-15000-crore-in-fy19-replaces-air-india-bsnl-as-biggest-loss-making-psu/story/337470.html +I hate these kind of posts, fuck the Drama, but I can't expect everyone to read my Twitter. + +TL;DR: I don't know what they were talking about. + +I am not talking as a Mod about this, but as a private person. + +To all the people spreading FUD and denouncing me, because my name was mentioned in one of the Screenshots: Are you actually retarded? There are 30 Minutes of convo missing when my name was mentioned and I wasn't even involved, how am I supposed to "defend myself" as the people asked me to do when they called me out. + +Stop tagging me in posts, asking me to respond to something, I don't even know about. If you want to know what they were talking about, ask Warden, not me. + +And now: Move on, don't tag me, don't dennouce me without evidence, Buy, Hodl & Vote. Thanks. + +Edit: People just told me he, didn't belive in my DD and that's why my name was mentioned. I still don't know, why they would say "Pixel knew" if this was the case, but that's Warden's apparent explanation. +For a while it felt like I'd never be safe again. Today I'm 19 with a place all to myself, food in my belly, and hope in my heart. It took a lot of doing to get here. Two jobs, days of searching for somewhere I could afford, trying to find places to stay so I could keep off the streets... +I'm proud of how far I've come. + + +Things may seem impossible now, but you'll get through it. +ICP's price and market performance has been forgettable, as it has crashed from a high of $450 to now $16! The "Internet Computer" has been the butt of all jokes in the crypto world. + +In an attempt to get back some relevance, now ICP is suing the mother of all thieves - Facebook themselves! Dfinity the parent organisation of ICP has accused Facebook for infringing their copyright logo during Facebook's rebrand into Meta Platforms. + +[See you in court!](https://preview.redd.it/329tyu2maax81.jpg?width=680&format=pjpg&auto=webp&s=bb5969a8f8db6447027d5555ee4f6daf05b762d5) + +Dfinity says the US Patents office has granted them registration for the Dfinity logo trademark described as “an infinity symbol with the word ‘DFINITY’ under the symbol”, and as a result of the logo theft, Meta has made substantial sales and profits. + +Dfinity is seeking to restrain Facebook from using the logo and "deceiving consumers" with the logo, and further give up all profits Facebook has had due to the new logo. + +Link to complaint: [https://fingfx.thomsonreuters.com/gfx/legaldocs/lgvdwgazepo/IP%20META%20TRADEMARKS%20complaint.pdf](https://fingfx.thomsonreuters.com/gfx/legaldocs/lgvdwgazepo/IP%20META%20TRADEMARKS%20complaint.pdf) +DISCLAIMER: As it says beside my name (self-tagged), I’m new, so this is coming from the point of view of someone who’s been in the market only for a few months. Perspectives can change over time. + +It seems like every week, someone on this subreddit says they want to become a full time trader, and while that ambition is admirable, there’s a burning question that rarely gets brought up: can they handle the nonstop pressure? + +Think about what going full time means: + +1) Constantly having to make big and/or frequent trades in order to earn enough income for a decent living (never mind for a luxurious lifestyle that so many prospective traders dream about). + +2) Constantly losing large amounts of money. It’s going to happen; there may be consecutive days or weeks of losses, so not only is potential income not being made, but income that’s previously been made is always at risk of being lost. + +3) The need to swallow pride, admit defeat, and reflect honestly every day. As much as we think we’re like this, many of us aren’t, because our confidence often doesn’t align with realistic expectations and our brains have natural defense mechanisms that kick in whenever we feel victimized. How often have we made excuses for our stupidity only to repeat that stupidity again (or do something worse) out of pride, ego, etc.? + +Now, if by going full time, someone means that they’ll have trading be the majority of their income while still making additional significant income on the side, that might help alleviate some of the pressure. However, if going full time means having trading being the _only_ significant source of income, I hope those people can deal with this level of nonstop pressure. As confident as we may be, we also need to be realistic about our own psychological limits. +When the squeeze happens, within 5 minutes the media (worldwide) will be unleashing a colossal tidal wave of faux-wholesome stories like "Everyone is now selling GME at a *high* price, good for them!", "Did you buy GME on a whim? Get selling quick before it's too late!", "Look what these GME millionaires are doing with their money!". There were a load of these rushed-out stories in Jan/Feb, even here in the UK. Those who aren't expecting this media onslaught might take this as an indication that the squeeze is squoze and sell up (or even partially sell up), potentially at a low price (like 9.9 million). Remember, the floor isn't for the media to decide- media reporting will be inaccurate and extremely disingenuous from almost all major sources because they all have global conglomerates to please. + +The good news is that this won't be a threat at all if we remember to treat it like any other FUD. Make sure we all steady ourselves to expect these stories that are almost guaranteed to occur all over the news/social media very, very quickly into the MOASS. +💎🙌 +My grandmother wants to buy the house she was raised in back from an older couple she sold it to but they don’t want to move and with house prices as high as they are could an option be to buy the house for a lower amount then it’s estimated value and let them live in it as long as they need. This would be a cash deal no financing. +Hey + +Just a quick thought about forex. + +I've been trading forex manually and with EAs on demo + real (very small account) for something like 2/3 years in and out and I've been much more serious about it for the last couple of months. + +I've tried hundreds of strategies and made my owns with python and mql4 with both machine learning and standard imperative programming but at the end the only parameter we can really master is the risk. + +After writing thousands of lines of code and making my cpu red hot I strongly think that all indicators are just there to make a confirmation bias and traders who make money only have a better risk management (and stress management). + +What's your thought about it ? Am I right/wrong ? why ? + +People who have made EAs, is it working for you on the long run ? +So I need help understanding something regarding Bitcoins limited supply. If 90% of the Bitcoin mined gets bought up by investors who are all HODLING, then how does the price go up? + +Hypothetically speaking, if no one is willing to sell, then how goes the value go up? Also, how exactly is the price determined on the exchanges? +Is it since a year a go? I.e. costs have gone up 10% over the last 12 months? + +I have a salary review tomorrow so I am trying to understand this. My last pay rise was 18 months ago so I want to know what my salary is worth compare to 18 months ago. +It seems like everybody agrees that a crash is coming, but the advice I read is to not sell and to hold for the long run, Bob-style. Why not sell now and buy it back in a bit and still hold for the long run if everything is pointing towards a huge dip? Yes, I know very little about how this works. +Last month our 18 year old water heater started leaking out of the bottom. I realized immediately that it would simply need replacing and called a few local plumbers for quotes. + +One of the plumbers came by that day, inspected the heater in our garage and then spent 20 minutes explaining we would need a new water heater. On the work order it shows they were present for 30 minutes. + +&#x200B; + +2 weeks later we got an invoice for $116.97 based on it being a minimum of 1 hour service call. + +&#x200B; + +I would argue it wasn't a service call but a quote, since we knew the heater needed replacing. Included in the bill is a "shop supplies" for $7.75 which is apparently shoe covers, that were never needed or even used since it was in a garage. There was also a fuel surcharge of $6.60. Now, we live in a small city of 20,000 people and you can get across town in 3-4 miles, and 6.60 would get me 40 miles in my van. Last but not least they are charging 2% a month (24% annually?) and I don't feel that we entered into a credit agreement. + +&#x200B; + +Should I fight it or just pay it and move on? Should I report to BBB? I can afford to pay it but out of principle and for the protection of others I am on the fence about what to do. I realize some of this is legal but much is financial. + +&#x200B; + +Update: I called and paid the invoice and was able to get the shoe cover charge removed. + +&#x200B; +Just a quick reminder to everyone that unless you're in a 7 figure portfolio territory, do not treat your theta gains/stock options earnings as "income". It really is just capital appreciation. That is what the goal should be - to grow the account, not to treat as a source of income. + +Ofcourse to each their own, but that is just my opinion. +This isn't meant to be a challenge to those that do build their own systems. I just genuinely want to get in peoples heads and understand why they do what they do. + +I've spent a good amount of time building my own system, and I honestly think part of it was just me being scared to actually try to trade. Platforms like QuantConnect provide a ton of time and contributors. + +Is it security concerns? Just want to build your own? +Curious to hear peoples thoughts. +Hello everyone, + +Im a full time freelancer, have registered partnership firm too. My CA has told us to withdraw fixed amount from the business account to personal saving account as a salary. + +But I have some other sources of freelancing income too, as I usually have enough savings in my personal account I sometimes skip withdrawing the salary amount from the business account. + +Now my problem is, when I am applying for housing loan, should I apply it as Salaried or self employed? + +If salaried, wouldn't they be looking at inconsistencies in the bank statement for salary amount? + +If self employed, what details do they need and what things I should be keeping in my mind prior to processing the loan. + +Thanks. +I’m interested to know what categories of ‘team’ members people of this sub consider ‘must haves’ AND how they would rank them on level of utility to maintaining or growing wealth. I searched for this and didn’t find anything directly relevant. No one can become wealthy in isolation, so I’m curious how this sub views ‘people’ assets. + +For example + +1. Accountant +2. Financial Advisor +3. Attorney on retainer +4. Insurance broker +5. Personal financial analyst/wealth manager +6. Property manager +7. Personal assistant + +Thoughts? +GRR - Let’s make some money. + +Ok so, this is my first time posting a DD. Others have posted about GRR before but I just want to give my 2 cents(that’s the amount of the dividend for anyone not in the know) + +GRR - Grange Resources Limited. + +Firstly they are an iron ore miner and pellet producer. + +Unlike many of the shares you see on here, they actually make money. Yes, you heard me, a company that is NOT all about future growth or drill results. Ok, so why are you buying this and how is it going to make you money? The company is massively undervalued at the current price even without including the iron ore rises this year. + +All ratios and fundamentals are taken from simply wall street. +Current Share price : $0.52 +(Up 25.3% last week) +PE Ratio : 2.9x +Industry average PE : 12.9 +PB Ratio : 0.8x +Industry average PB : 2.8x + +Now these two alone make this an absolute no brainer. PE Ratio, seriously wtf? For all you noobs that means that for every $2.90 at the current share price. It makes $1 in a year. This pe is so low that I’m actually going to double check it later because 2.9pe ratio is not even a thing. PB ratio shows us that the shares are still worth less than the book value, pretty rare for a company that actually makes good money. I can keep producing different ratios but they all show the same thing. The share price is majorly undervalued. + +Now, short term, the iron ore price was up again Friday and the Aussie dollar has dropped back down again. We want the Aussie dollar to be low and the iron ore price to be high cause the price per tonne is in USD. + +New conveyor system. Late last year GRR put in a new conveyor system which cools the iron ore pellets differently to produce a higher quality product. This gives them a premium on the price of iron ore. This didn’t get installed until November. So the premium they are going to get on their price because of this new conveyor is not really included in the current reports. + +Furthermore the reports we have are all from jan 2020 - dec 2020. These do not really reflect the higher price of iron ore. As the iron ore price was still around $120 US a tonne at the end of November. At the close on Friday it’s currently at $172.71 US a tonne. This tells us that the higher iron ore price is not even a factor as to how much money this company can make. Even if you are bearish about the iron ore market, I really don’t think that plays a factor at this stage. I’m very bullish about the iron ore price personally. I can write a seperate post about it if enough people would like. But it’s way too long to include here. With the iron ore price at current levels this means even bigger profit for 2021. + +Dividend: GRR announced on Friday that they will be paying a $0.02 dividend with an ex date of Friday the 12th of March. So that means in two weeks time you will get a dividend of approx 3.85%. This is half yearly also. But I expect that if the iron ore price stays high that this will be in the $0.03 range for the second half of the year. If it is, then that would be around 9.62% return in fully franked dividends within 6 and a half months from now. Even if the dividend stays at 0.02, it’s still 7.69% on your money fully franked in 6 and a half months. + +I can keep going on about this all day. But I’m going to try and leave this as short as I can. + +Why am I posting this? I would like your combined brains to either tell me why I am wrong? Or get in on this action. Way too many people on here lost money last week when they really shouldn’t have. + +I’m thinking the price will go to around $0.80-$1.20. + +TLDR : GRR rocket go brrrr🚀🚀🚀 + +21 rocket salute : 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Disclaimer: I am currently holding more GRR than I normally put on any one company. In fact the only thing I have ever put more on was FMG. + +This is not financial advice, this is all just my opinion. Prove me wrong and I will be happy to sell my position and get out now. + +PS don’t put more in shares than you are willing to lose. +Greetings, my fellow astute investors, successful day traders, and CGT-offset loss enthusiasts alike, and welcome to another instalment of the most popular, most highly acclaimed, longest running and also only non-diligent [small cap series](https://www.reddit.com/r/ASX_Bets/comments/pef1h7/australias_smallest_market_cap_companies_part_6/) on ASX\_Bets. + +**Some people like it, I suppose. What have readers been saying?** + +We have indeed had some reader feedback. I’m grateful to everyone who has said nice things about this series, and trust that as I keep saying, you have done nothing whatsoever to make financial decisions based on anything you read here. I implore you, please do not do that. In terms of financial advice, I am unqualified, uninformed, unimpressive, untrustworthy, and for that matter, unwashed. (That’s more of a lockdown working from home thing, but would you take financial advice from someone who might not have changed their underwear today? Let me know in the comments.) + +However, not every reader has been pleased with the service I attempt to provide here. The last edition attracted the following comment: + +“if your gunna find a low float stock to shill, find one which actually has sellers you dumb fuck. it needs some liquidity to move” + +I am unsure how, despite my repeated warnings not to buy anything based on anything I say For The Love Of God, I have been promoted into the level of Dumb Fuck Shill. Dumb Fuck, certainly. I mean, I bought Doge at its peak. But shill? + +A followup comment suggested that my mention (and repeated mention, because repeating the same witticisms is low-effort and I like low-effort) of **Queste Communications Limited (QUE)**, my favourite non-communications industry despite the name olive grove diversified investment vehicle, might have been the root cause. (What’s your favourite one? Let me know in the comments). + +And indeed, my shilling skills are on point, because if you’d bought QUE when I first mentioned them three months ago, you’d have made…well, you couldn’t have bought them because **no QUE shares have traded since 26 May.** You’d have to say that, as a strategy to shill for a particular company or companies, shilling a company that you cannot actually seemingly buy is either (a) a very poorly thought out strategy or (b) a strategy of such devious brilliance that it cannot be comprehended, being that it will drive such pent up demand for shares that the moment any are for sale, the share price will rocket to $50 and someone – but not me, because I don’t own any QUE shares – will make absolute cash money and invite the cutie from marketing you’ve had your eye on but still fail with because you ain’t got no cash money to come out for a night on the town and a few lines of coke. (How do you do your coke? Let me know in the comments). + +**You’re such a subtle genius that frankly, it’s scary.** + +Indeed. Such a genius that, for instance, last edition I noted DLC as a company that so far had not made the mad gains. If I had bought DLC shares that day when they were, IIRC, $0.006 a share, today I’d have 50% more cash money bro. But I didn’t, so I don’t. (In that same discussion I noted DW8 also was yet to pop the bubbly, and since we last met DW8 has continued to slowly slide down on its seat like a teenager with a goon bag. (Quaffed an award winning goon lately? Let me know in the comments). + +Look, I don’t purport to understand what drove that bit of feedback. Our learned colleague isn’t a troll or an idiot - I checked their comment history and they’ve made some legit useful contributions in other threads so I’m going to put it down to a simple misunderstanding of what I’m doing here. For the record: I don’t want you to buy anything, I don’t act on behalf of anyone, and I have noted the one and only occasion where I actually owned shares in something I mentioned (which was LKE, in the last edition). I’m just here to entertain myself, maybe you, and lose money like everyone else. + +**Speaking of losing money, I wish I could have done more of that recently. What have you got in that department?** + +Last edition we looked at the companies that could have lined your pockets (if you’d bothered to put pants on, but I know you didn’t because you’re also working from home) if you’d bought them a year ago. But here at ASX\_Bets, we understand that you don’t always get to make money, and given that it’s tax time, sometimes some useful CGT offsets can go a long way to maybe potentially one day offsetting the bulk cash you’ll make when your ship finally comes in. (Know any good sea shanties? Let me know in the comments). + +So today, here’s five companies which haven’t had their ships come in over the past year. I invite you to consider the following five investment opportunities that had the greatest percentage loss in their share price over the year to 9 September 2021 according to Marketindex. That means excluding those which have traded for less than a year, just like last time. + +Taking out the top spot is **TYMLEZ Group Ltd (TYM),** down 82.07% over the past year. TYM says it “provides a scalable, multi-tenant, enterprise-grade smart contract blockchain platform which can be deployed and/or implemented via partners within an enterprise or across a consortium. The Group brings commercial-grade blockchain technology to the enterprise by delivering a scalable platform which enables accelerated development, management, and deployment of enterprise blockchain applications algorithms.” To me that sounds a bit, ah, cryptic? Which has also, in my experience, been a good way to lose money. The chart doesn’t suggest any particular cataclysmic event that made the share price go off a cliff; just a sort of steady downward trend over the past year. Yours for $0.014 a share today, which is actually up a healthy 7.69% this month, so buy the dip if that’s your thing maybe. (What’s your favourite dip? I don’t like any of them, I like to raw dog my corn chips like a real man. Let me know in the comments). + +Second placed is **Atrum Coal Ltd (ATU),** down 82.79%, which says of its principal activities that it is gainfully involved in “hard coking coal exploration and development in Alberta, Canada and anthracite in British Columbia, Canada.” (How hard do you like your coke? Let me know in the comments). + +Things seemed to be bouncing along within a normal looking price range until a trading halt and then suspension from quotation in February at about $0.234 per share. When the company returned to trade in late March, it came back at $0.052 per share and has stayed thereabouts ever since. Digging into it a bit more (see what I did there?), this looks a bit like a sovereign risk situation, with the Alberta Government seemingly having changed its coal policy and then reinstated the previous one which enabled the company to trade again. I avoid companies that are heavily exposed to tinpot dictatorships and the like for that reason, but Alberta? Rough. + +Third place is another coal miner, this time **Montem Resources Ltd (MR1)**, down 82% in a year. Again, the chart shows a pretty steady but linear decline from about November to mid June, followed by going off the edge into an open cut pit between 17 and 22 June. What happened? Bloody Alberta again, that’s what happened. In this particular instance, another company looks to have been declined a mining permit for a nearby project to one proposed by MR1, and that caused the company to question its own chances of success in that environment. There’s seemingly been some movement since then, but not enough to give the share price a kick along. (Have you been done over by any Albertans recently? Let me know in the comments). + +**Vortiv Limited (VOR)** is next at -77.67%. VTV’s chart is a bit like an old Warner Bros cartoon where Wile E Coyote is going along just fine, then falls off a cliff somewhere. He lands at a new, lower level and is stable for a moment until he gets up again and falls off a further cliff, finding an even lower level to settle at. I’m not sure where Road Runner fits into this analogy exactly but let’s assume they are Albertan and therefore to be held responsible. + +VOR is in fact not a coal miner, but rather a company involved in such things the IT people in my office talk over my head about like “cyber security” and “cloud security” and “bank automated teller machines and bill payment systems in India”. (I haven’t heard them talk about the last one per se, but I don’t understand IT people so I’m going to assume they do so behind closed doors). What happened here? The first decline on 16-17 March coincides with an announcement about a return of capital. Look, I don’t want to draw too many inferences here, so I’ll note that Alberta has a capital and I’ll leave it at that. + +But then – a corporate stoush! There’s an announcement dated 13 April headlined “Further Hostile Attempt to Take Control of Board” which talks about an attempt to remove a recently appointed director for reasons that are not entirely clear to me. It decries the attempt as “wasteful” and “opportunistic” and urges shareholders to vote against it. In the following days there are further announcements about removal and appointment of directors which is around the time of the second notable drop in share price. Did the good guys win? Did the bad guys win? Who even are the good guys? I have absolutely no idea and at this point I’m too afraid to ask. (Have you ever been involved in a hostile attempt to take over the board of a publicly listed company? Let me know in the comments). + +Finally for today, the fifth greatest decline in share price I could identify belongs to the delightfully named **Buddy Technologies Ltd (BUD),** down 77.5%. The company says it “helps customers of any size make every space smarter.” Looking at its website for clues as to what that actually means, it’s an Internet of Things kind of thing, and looks like it does resource usage monitoring and things along those lines. At the risk of sounding like some sort of shill (heaven forbid!), the product itself is actually quite interesting sounding. Anyway, this company had a slow but steady share price decline, but with a trading halt period that ended with a noticeably lower share price upon resumption of trade – wiping about half the value. I didn’t get into the details of what went on other than noticing the announcements seemed connected to Q1 financial results and there was some recapitalisation and so on. More interesting, though, were two slightly earlier announcements speaking of a promotion on the Home Shopping Network, which is perhaps a little offbeat for an ASX listed company to be spruiking but hey, any publicity is good publicity right? (Have you ever bought anything off the Home Shopping Network, maybe late at night after a few lemonades? Let me know in the comments). + +**It's R U OK day today. R U OK?** + +Me? I write these things for fun, so what does that tell you about my mental state? But I hope you guys are doing well, and if you’re not, please reach out to someone. (Even me, if you think that might be of any help to you). + +To be honest, I haven’t had the most awesome year or so, but this place has actually been something of a highlight, both for the intelligent and useful market discussions, the shitposting, and also the genuine warmth and humanity here like the ongoing efforts to throw money at koalas and the like. (Thrown any currency at marsupials lately? Let me know in the comments). Keep up the good work, astute investors, and I’ll see you in the next edition. + +PS I am not a shill. +# EDIT: I have posted an updated, further-depth overview of all DTC filings [here](https://www.reddit.com/r/DDintoGME/comments/mtw35e/filings_from_the_dtc_whos_who_and_whats_what/), and will be posting NSCC and OCC filings this week. + +Someone mentioned in a comment that they got all of the recent SEC filings mixed up so I slapped this together really quick. Hopefully it helps. + +Big ups to u/c-digs who wrote nearly everything linked. If one of my summaries is hella wrong please let me know and I will fix it! + +Here’s a quick and dirty rundown: + +[DTC-002](https://www.reddit.com/r/DDintoGME/comments/mtw35e/filings_from_the_dtc_whos_who_and_whats_what/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) — Measures counterparty risk by their equity in addition to their credit rating, so tighter upper limit on amount of capital secured by smaller, less capitalized entities. As far as I understand it means members can’t keep too much of their money / securities in smaller banks. Same as NSCC-003 and FICC-001. (submitted for approval 3/10, approved 4/16 and now in effect) + +[DTC-003](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) — Reconcile your statements with your books every day instead of every month. (submitted for immediate approval and accepted 3/16) + +[DTC-004](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) — Emergency plan for what to do if one of our members gets liquidated to shit fuck and puts us all at risk (submitted for immediate approval and accepted on 3/29) + +[DTC-005](https://www.reddit.com/r/GME/comments/mibedc/the_moass_wont_happen_until_options_are_not/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) - When a share is lent it gets marked as on loan and the person who borrowed it can’t lend it out again (submitted for approval on 4/1) + +[NSCC-002](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) (also 801) — Margin call your ass into the milky way (advance notice given on 3/5, submitted for approval on 3/18) + +NSCC-003 — Same as DTC-002 + +NSCC-004 — Same as DTC-004 + +[OCC-003](https://www.reddit.com/r/GME/comments/mgus2l/rc_announcement_going_to_send_stonk_to_da_moon/gswzxsa/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3) (also 801) — The OCC is adding funds from its default waterfall to create a “minimum skin in the game” deposit, which i think means that a portion of their excess capital is going into the “in case of liquidation break this box first” fund and if i’m understanding *that* right it puts the OCC members more on the hook than the OCC itself when one of the members has liabilities that spill over, but i’m not 100% sure on that one do if someone could clear that up for me it would really help! (advance notice given on 2/10, submitted for approval 2/24, notice of pls give more time given on 4/6, notice of no objection (to the rule change not the time extension) by the sec filed 4/7) + +[OCC-004](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) - Let’s make it easier for non-OCC members to buy up the holdings of a liquidated member for cheap (submitted for approval 3/31) + +edit: thank you to u/the_captain_slog for good clarifications on the ones that i got wrong in [this comment](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/gut0keu/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3)! +Real estate is one of society's largest, oldest industries and has managed to resist significant disruption for many decades. According to the latest news, the performance of major housing companies is getting tougher, and my observations also confirm this. + +In general, most indirect indicators signal us about a forthcoming crisis - hiring activity has significantly decreased, investors are pessimistic, and the short interest level is growing for most of the main players. + +We all saw that **better.com** (a pre-IPO company) [fired 900 employees](https://edition.cnn.com/2021/12/05/business/better-ceo-fires-employees/index.html). CEO said - «The market has changed, as you know, and we have to move with it in order to survive so that hopefully we can continue to thrive and deliver on our mission». + +It looks like a powerful signal, so from words to data! Let's take a quick overview of the main US real-estate-related companies and try to understand the overall market situation: + +**1. Opendoor Technologies Inc. (**[**$OPEN**](https://contora.ai/ticker/open)**)** \- the biggest player in the real estate market. + +If you're a home buyer or potential real estate investor, you need to be paying attention to what's going on with Opendoor since they buy and sell more homes in the US than anyone else. And if they're crashing down - that's definitely a strong signal of what you can expect to see in the whole housing market. The $OPEN stock is already 30% down over November: + +https://preview.redd.it/iuwglbmqc7481.png?width=673&format=png&auto=webp&s=3050e2beece0ca9b648048b559cf10844ad469a4 + +We can see a constantly growing [short interests](https://contora.ai/ticker/open#short_interest_level) level for $OPEN as well, which means that the company is actively being shorted: + +[$OPEN short interest](https://preview.redd.it/jkbu7ddsc7481.png?width=1397&format=png&auto=webp&s=a21c4b6b004418b37a385a6078060d6a1629b8dc) + +Another bad sign for Opendoor is the growth of [insiders selling activity](https://contora.ai/ticker/open#insider_trading_activity): + +[$OPEN insider activity](https://preview.redd.it/hk9c7gmtc7481.png?width=1383&format=png&auto=webp&s=997e3e2049ccd82fde8e74bb92e3ba19f5d58841) + +When these insiders sell the stock, it's only natural for outsiders to wonder if something is afoot. But with the support of other powerful signals - it's crazily bad :( + +&#x200B; + +**2. Zillow Group (**[**$ZG**](https://contora.ai/ticker/zg)**)** \- Opendoor's largest competitor, a digital real estate company, operates real estate brands on mobile applications and websites in the United States. + +The second negative signal was made by Zillow company a month ago - its stock price has reduced significantly. + +https://preview.redd.it/5h5s2egvc7481.png?width=538&format=png&auto=webp&s=47b61a630d7bfd72ce57e74b705e50ce13d41f58 + +The number of [open job positions](https://contora.ai/ticker/zg#job_openings) at Indeed and Glassdoor has dropped to zero, which means that $ZG can't afford to hire employees: + +[$ZG hiring dynamics](https://preview.redd.it/nsmm358xc7481.png?width=1397&format=png&auto=webp&s=32ac5613ad773113b6eedb3c1859448bc31bc3fb) + +And situation with [short interests](https://contora.ai/ticker/zg#short_interest_level) level is similar to $OPEN's: + +[$ZG short interest](https://preview.redd.it/i6dxprqyc7481.png?width=1388&format=png&auto=webp&s=4c21e6956a8d8278073638bfc987f8aa15401217) + +**3. Redfin Corporation (**[**$RDFN**](https://contora.ai/ticker/rdfn)**)** \- a residential real estate brokerage company in the United States and Canada. + +The third company in a list - a third bad sign. The Redfin's shares dropped 20.9% in November: + +https://preview.redd.it/mx96mi20d7481.png?width=667&format=png&auto=webp&s=677f394eccaea950bc9e1f0048e113526a0f1a7f + +At present, $RDFN has a market cap of $4 billion. But Redfin only generated low numbers in gross profit over this year and had no net income: + +[$RDFN fundamentals](https://preview.redd.it/ihops7j1d7481.png?width=1391&format=png&auto=webp&s=3e76f36202c4144df79a412d2633a9831d36a665) + +If it's unable to grow its business over the coming years, the stock will likely fall even more from here. Also, the company is [actively being shorted](https://contora.ai/ticker/rdfn#short_interest_level) over the past few months as well: + +[$RDFN short interest level](https://preview.redd.it/yj13uh83d7481.png?width=1380&format=png&auto=webp&s=d4dfce16f1a7101fced10f6557c03764e284ee85) + +What are your thoughts on the real estate market? This is a fairly quick overview of the current market situation, but even from these facts, we can understand that the housing market is going through a period of turbulence. + +If this post was interesting,  I can try to prepare a more detailed analysis of the market situation and include more alternative indicators and players there. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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! + +So I am a retarded smooth brain just like all of you and I'm trying to get some wrinkles. Could anyone explain what a short ladder attack means or could they link me to a resource where I could read about it? Thanks! + +edit: GME 🚀🚀🚀🚀 +I previously posted on the performance of people who retired in Jan 2000 with a portfolio of 100% S&P 500 using a fixed SWR. I thought I'd update it with recent Corona-performance because why not... + +* [Portfolio values over time by SWR](https://imgur.com/a/i5vAe19) (edit: corrected graph. In the original I left out the 3.5% SWR) +* [Remaining portfolio by SWR and retirement year](https://imgur.com/a/xlf7Fzr) + +Notes: Info through Feb 2020 is from ERN. S&P 500 is down \~17% so far in March, so I added that in for March. I did this update in \~5 minutes, so there may be some errors. + +Edits: + +* This incorporates dividends and inflation. +* If your portfolio included bonds then it would have performed much better. vblax, vanguard's long term bond fun, is barely down on the month. But vnq, vanguard's reit, is down\~30% in the past month. And vwo, vanguards emerging markets fund, is down \~30% in the past month. Those 4 funds make up most of my portfolio, so even though I'm decently diversified, I'm still down \~25% over the past month +* Fixed the 3% and 3.5% SWR lines. ~~I accidentally pasted the 3% data into the 3% column and the 3.5% column. So the 3% line is actually what is showing as the 3.5% line, and the real 3.5% line is between that and the 4% line. I'll fix it when I'm back at my desktop this evening...~~ +Everytime I check my feed, I see these perfect lives with seemingly 0 worry about money. it feels weird. While I do admit it's envy, I can't seem to wrap my head around it. how are these people living such a perfect life. Don't I deserve the same? will I ever experience such 'peace' and abundance? what are they doing differently than the effort that I exert to make things happen in my life? or are they just posting the perfect reels of their lives? + +Edited and Expounded Version (because yeah the sentences above sucks as one Redditor commented): + +Every time I check my feed, I see these perfect lives with seemingly 0 worry about money. It feels weird. While I do admit it's envy, I can't seem to wrap my head around it. + +How are these people living such a perfect life? + +Don't I deserve the same? Will I ever have the chance to experience that "peace of mind" and abundance they all seem to have? Or are they just posting the perfect reels of their lives? + +What are they doing differently to have that kind of life? + +Does this kind of thinking or level of consciousness block potential opportunities coming my way? + +For those who have made it from rags to riches, how did you shake this vibe off so you can feel more deserving of having a great life? +Hi! I wanted to hear realistic stories of those who achieved (or are near) financial independence, who didn't receive a down payment or other help from their family members. It just seems like most of the posts here don't show the full picture and might be creating unreasonable expectations for others. + +Any thoughts? + +I have nothing against receiving financial help from your parents, if they can it's amazing that they did. However, I want to hear the stories of those who didn't came from that amount of money. + +EDIT: + +If you parents paid for your college and you got straight As and landed a great job that's amazing and I'm very happy for you and your effort. No one here is taking away the effort you put into all of those sleepless nights studying. No one here or elsewhere can take that away from you. This post is about those who didn't receive that monetary help from their parents being in the form of a down payment, or payment for their college. + +&#x200B; +I'm 18 and in my second year of college (UK), I have recently decided to open a savings account alongside my regular account. I have a job that pays a bit more than minimum wage, so i'm going to start putting 10% of my wage in my savings account every month. Are there any tips from more experienced savers? Maybe things to avoid or things to help me? + +Thank you +Between May 28 and the 31st, all AGI tokens in exchange wallets or held on Ledgers etc will be converted from AGI to AGIX, so that they can run natively on Cardanos blockchain. + +This is the first project to have completed a move and I think as we have a date now for Smart Contracts (end of August) it will be the first of many. + +While ETH 2.0 will be cheaper and faster than Ethereum is now, there’s still a compelling case for projects to use the ERC-20 converter, move over to Cardano and enjoy cheaper fees, faster transactions, energy efficient network and have their token represented natively with all the same rights and priorities on the network as ADA. + +Charles Hoskinson claims there are just over 100 projects looking to move from Eth to Cardano as more functionality is added in the coming months. Whether that number changes due to updates in Ethereum 2.0’s development remains to be seen. +Hello Reddit, + +I’m a US citizen planning on making a move to Toronto, ON next year. I’ve been trying to research a financial advisors in Toronto, and I can’t find any decent ones who will take a client with less than $500k in assets. I’ve got a lot of questions on what I should be doing with my money (move over assets from my 403b now, investing in Canada now/later, etc). Any advice or recommendations for a soon to be Canadian? +Just opened a brokerage account with Fidelity and added 5k waiting for the cash to settle. Is it a good time to invest if FXAIX or FSKAX/FTIHX (70/30) if i plan to keep there for long term? +source: https://twitter.com/stablechen/status/1525023238895837184?cxt=HHwWgIDRycmj_KkqAAAA + +So just rewriting history is now a serious option. I am sure this is legal and the exchanges will surely have nothing against this :D + +Honestly why can't they just stop. This hurts the whole cryptospace and any serious project as long as this is going on. Doing a rollback back to 3 or 4 days ago does not solve ANYTHING it just hurts even more. The legal implications of that would be gigantic, too. + +I am actually debating, if I should by some coins just to have funny legal battle if they actually follow through with that. + +Edit: If someone wants to dive deep into the mind of the self proclaimed "lunatics" here you go: https://agora.terra.money/ There are all kinds of really funny proposals :D + +Edit 2: Now the community has fun with their voting tool: https://station.terra.money/gov#PROPOSAL_STATUS_VOTING_PERIOD + +Edit 3: Do Kwon now posted his own proposal (https://agora.terra.money/t/terra-ecosystem-revival-plan/8701). TLDR: + +1. Killing UST +2. Reset Luna to 1B Tokens +3. Compensate Luna and UST holders by giving them "newLuna" tokens based on some bogus distribution idea + +Problem: + +If the crypto community has ANY sense left "newLuna" will be worth NOTHING, too. + +Edit 4: Kwons proposal massively favors whales that got out asap after the depeg and disvavors everyone who actually tried to "defend" the peg and the project. I wonder if Kwon is one of that whales... +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +I made $9,000 2020/2021 financial year. + +But I am sitting on -19,000 on my account. + +If I dump these minus stocks before I apply for a tax return, do I need to still pay tax? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +My Friend has his condo rental on the market for over a month now. Most applicants are a dud. But there's this couple who have great credit, great financials and history, Everything checks out. ----but they only need 6 months. + +Reason: They have a job offer to another city this coming july. + +They offered to pay $100 more in rent. My friend asked me about this, but unfortunately, I dont know anything about condos (I avoid HOAs like a plague). + +Anybody with condo experience give their thoughts about this? +Context, the common advice from what I gathered is that more stable securities tend to be better for 'wheel' strategies. This partially contradicts what I thought the 'wheel' strategy supposedly targets which is high IV within reason. What I've been doing for the past year or so have been targeting 50%-70% IV that I think are misplaced and writing CSPs/CCs on them, the success rate I've had doing this is approximately 70% (which matches up with the 30 delta targets). Have I been doing the whole strategy incorrectly and have been taking on unnecessary risk? + +Thanks for your inputs. +Folks, + +With the ongoing crisis in the banking sector especially after the fiasco at Yes Bank, is the public now going to be vary of keeping their money in private banks? This issue acquires greater salience if you follow the chatter on social media that some more other private banks are in a tricky spot. + +Given this climate of uncertainty, do you think the public will slowly but surely drift towards PSBs? + +What would be the implications of such a move? As it stands PSBs are at a decade low? Barely a few rupees away from the lows of almost 2 decades ago. In dollar terms even this has been breached because USD was 35-40 circa 2000-8. So technically PSBs are now available at the price they were available 20 years ago. Is this an investment opportunity. Looking for some genuine well-informed feedback. + +Grateful if Redditors can share their views/experiences. +So I've been doing alot of research and it seems like there really is very little downside on a spac as long as you buy near the $10 range. Even if you buy at $11 or $12 your max loss would be 10 or 20%. + +Also there is the risk the spac goes nowhere for 2 years (at which your money will be returned to you) and you miss out on those potential gains. + +Am I missing anything else here? + +I'm thinking of parking some extra cash in SPACs since I dont want to invest in regular stocks right now since I find 99% of the market to be current fair value or overvalued. Not many opportunities here. + +I also have a fairly large portfolio I've been adding to for the last 5 years I'm pretty happy with already that I am just holding long term. + +Love to hear peoples thoughts on SPACs. +I’ve always been on the outside looking in when it comes to MO. Smoking just seems like a dying product. Being 33 I know of nobody that smokes cigarettes, not one person. I rarely see anyone smoking them either. That, on top of the fact that I don’t understand their dividend, 200% + payout ratio, how do they sustain that?? + +For years I’ve always been like that company is going to die, that dividend will be cut etc etc….but it never does… it has huge drops occasionally but always somehow seems to recover. + +Someone explain this to me, I mean an 8% yield??? what are the main risks here there has be some substantial risks otherwise everyone would just be in MO collecting 8% gains in an uncertain market +So my understanding is that dividend stocks are tax inefficient, ergo people suggest having them in retirement accounts (e.g. IRA, Roth IRA, etc) so as not to incur taxes on those dividends. However others also tout dividend stocks as good additional income streams. Is it counterintuitive to look at dividends as income if you're just having them sit in a retirement account? +Hi all, + +I have a nice income from dividends, moslty from US stocks. However I live in one of the worst countries in developed world regarding taxes, i.e. Italy. + +Which country do you think has the best trade off between cost of living and taxes on dividends? +A multi billion dollar bank will charge a struggling single mother 30$ for running out of money. + +Your bank says you can afford to pay 1500$ per month in rent but not a 800$ per month mortgage. + +Scalable smart contract protocols within Ethereum and Cardano fix that problem. + +Your bank says 4-5 business days, sometimes thousands in fees and regulatory registration for international wire transfers. + +Distributed ledger real-time gross settlement systems like XRP on Ripple Net say 4-5 seconds, 0.000001$ fee (hard limit) and limited regulatory interference. + +Your bank says diversify your investments with a shiny rock of which the supply is unknown and will become obsolete with commercial space industry. + +Bitcoin says 21,000,000 to exist for eternity. No more, no less. + +Your bank has been giving you 0.05% interest on your savings for so long they have you convinced a 1.25% bonus rate is generous. Inflation burns your money faster than you can deposit it. + +Decentralized wallets eliminate greed from the equation with yield farming: 3-10% APY stablecoin (USD pegged token), 5-25% APY Large Cap (BTC, ETH, BNB), 10-100% APY altcoin and up to 10,000% APY on new project launches. + +If you apply to a bank for a business loan but don't have a plan to compete, they deny your loan. + +What plan do the banks have to compete? +While the whole world was having a big old COVID reopening party, a few autistics and apes saw the giant lie at the heart of the stonk markets, and they saw it by doing something the rest of the suckers never thought to do - They looked. Insert obligatory shoutout to u/atobitt u/criand u/homedepothank69 u/broccaaa and the many other DD authors in this sub that have and continue to 👀. + +&#x200B; + +TA:DR - Volume CAN be kept off the data feed, and certain trades are not published by the FINRA Trade Reporting Facility, aka the tape. This can suppress volume and hinder the natural price discovery in the market. More data is needed to verify if this has occurred with GME. + +&#x200B; + +[Remember that moment in \\"The Big Short\\"?](https://preview.redd.it/5jsomx48kta71.png?width=888&format=png&auto=webp&s=098a8b7ad80c66876cbe4b3cc33e62c4d213f8bc) + +Ever heard of the term "Painting the Tape"? It's one of the many well known market manipulation tactics *"whereby market players attempt to influence the price of a security by buying and selling it among themselves to create the appearance of substantial trading activity. The goal of painting the tape is to create the illusion of an increased interest in a stock to trick investors into buying shares, which would drive the price higher"* [\- From Investopedia](https://www.investopedia.com/terms/p/paintingthetape.asp). Painting the tape is so 2019 though, and in 2021 the market fuckery has reached new heights, and since the "Reverse Uno" has been played, to fully understand GME, your mind needs to travel through the "Tenet Turnstile" and begin thinking about everything in reverse, like it's opposite day, or a reciprocal. What's the opposite of "painting the tape"? I would like to present the lesser known tactic of "Erasing the tape", which has not even gotten it's own Investopedia page yet. + +&#x200B; + +[DFV 4\/9\/21 \\"Reverse Uno\\" Tweet - https:\/\/twitter.com\/TheRoaringKitty\/status\/1380611475757236226\/photo\/1](https://preview.redd.it/d2i3ev79nta71.png?width=1500&format=png&auto=webp&s=e6bd7e1f27ea60d545f719e92416b97a4f38c5dd) + +Before getting into the "HOW", first let's apply some critical thinking and try and answer "Why would someone want to suppress the volume of a stonk?" The first clue comes from "Painting the Tape" - 2 or more parties can trade a stonk between themselves to begin pumping the stonk higher, increasing reported trade volume on the tape, and "outside interest" in the stonk begins to rise the higher the volume and price goes, eventually making a headline on CNBC or other MSM, further increasing interests and volume, whereby the original parties that "painted the tape" hope to be able to exit the position at a higher price. The second clue comes from the nature of short squeezes and how both volume and price explode higher as the squeeze is being squoze. In regards to GME, every spike higher in price since Jan has had a surge in volume, followed by a slow churn lower in price and volume until the cycle repeats. i.e. Today (7/12/21) was the lowest volume (1,572,297 shares) since last July. Volume is the enemy of the shorts, and keeping volume down helps keep the price down, and gives the SHF's and Kenny G "one more day' of solvency. After volume spiked above 100 million shares in Jan and Feb, GME volume has fallen substantially, only passing 20 mil shares twice since May! + + + +[GME Chart since 1\/4\/21 - OBV flatlined higher, while volume remains at levels for ants](https://preview.redd.it/4i69cz7dvta71.png?width=1245&format=png&auto=webp&s=8d106d97f7a88f4422a539c53743337faadf6686) + +Now, this fall off in volume since the Jan "sneeze" higher could be completely natural and explained by theories such as "everyone that wants to buy GME has, they are all in, and the 💎🖐 are being shown by low volume that 🦍 aren't selling." For me personally, I don't fit into this narrative as I've quadrupled my holdings and recently added a comma to my X's, but I'm a small fish in a vast ocean. I do not think I'm alone, and I think the statement above is not accurate. My 🧠 is pretty smooth though, and I have been struggling to wrap my head around where the volume has gone, especially after the wrinkles of u/dlauer have cleared up many things regarding dark pools through posts like [THIS](https://www.reddit.com/r/Superstonk/comments/o70lid/dark_pools_price_discovery_and_short/) \- so I started digging, found a rabbit hole, and still in the process of finding out how deep it goes. + +&#x200B; + +**THE HOW -** + +Dark Pools and FINRA rules relating to "Transaction Reporting" for "Trading Otherwise than on an Exchange", aka OTC (over the counter) transactions, either through "Alternative Trading Systems" (ATS) or non-ATS systems, aka dark pools. Need a night time read to help you sleep, knock yourself out - [LINK](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6110). + +Quick note, FINRA has addressed dark pool trading mainly by making registration requirements and rules for ATS, and these rules have led to fines such as the $3.5 million Citadel paid in 2018 for "failure to submit complete and accurate trade data for approximately 80 million trades between 2012-2016" - [See Disclosure 11 of 59 starting on p.60](https://files.brokercheck.finra.org/firm/firm_116797.pdf). While that fine could be considered part of the cost of doing ~~business~~ *crime*, Kenny G and Shitadel (aka 💩a🔔) are relentless optimizers and always looking to cut down on costs, so I wonder if that led them to shut down their registered ATS "Apogee" in 2015 and move their dark pool to a non-ATS entity know as a "Single Dealer Platform" (SDP) that Kenny cleverly named "Citadel Connect" - [Reuters Article](https://www.reuters.com/article/us-citadel-darkpool/citadel-securities-to-close-apogee-dark-pool-sources-idUSKBN0MN22Q20150327). u/swede_child_of_mine has some great DD with more details [HERE](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/), but essentially SDP's have significantly less regulations and reporting requirements than "ATS" dark pools, making them the **DARKEST** of the dark pools. Using the SDP, 💩a🔔 effectively side steps the rules that cost them $3.5mil a few years ago - great win for their bottom line I'm sure - through use of "Immediate or Cancel" Transactions. + +Now, to fully understand **HOW** trades can be kept off the tape, look no further than [FINRA rule 6380](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6380a) under subsection (e) stating "**The following shall NOT be reported to the FINRA/Nasdaq Trade Reporting Facility"**, and specifically the following - + +* (1)(D) the acquisition of securities by a member as principal in anticipation of making an immediate exchange distribution or exchange offering on an exchange; +* (1)(G) the transfer of equity securities for the sole purpose of creating or redeeming an instrument that evidences ownership of or otherwise tracks the underlying securities transferred (e.g., an American Depositary Receipt or exchange-traded fund). +* (2) (A) transactions where the buyer and seller have agreed to trade at a price substantially unrelated to the current market for the security, e.g., to enable the seller to make a gift; +* (2) (B) purchases or sales of securities effected upon the exercise of an option pursuant to the terms thereof or the exercise of any other right to acquire securities at a pre-established consideration unrelated to the current market; + +Additionally, subsection (d)(3) describes "**Reporting Principal an Riskless Principal Transactions" -** essentially highlighting how market makers and broker-dealers need to submit "Non-Tape, Non-Clearing Reports or Clearing-Only Reports" for certain legs of transactions where *"a member after having received an order to buy a security, purchases the security as principal at the same price to satisfy the order to buy or, after having received an order to sell, sells the security as principal at the same price to satisfy the order to sell, shall be reported to the FINRA/Nasdaq Trade Reporting Facility as one transaction in the same manner as an agency transactio*n." + +\-------------------------------------------------------------------------------------------------------------------------- + +Up to this point, everything I've shared is a verifiable fact with a source, but from here I'm going to include my opinions and speculation. I am not a financial advisor and this is not financial advice, but here's my take - + +* (e)(1)(D) - An IoC (Immediate or Cancel) transaction *"is an order to buy or sell a security that attempts to* [*execute*](https://www.investopedia.com/terms/e/execution.asp) *all or part immediately and then cancels any unfilled portion of the order"* as defined by [Investopedia](https://www.investopedia.com/terms/i/immediateorcancel.asp). The wording of this rule, in conjunction with the "riskless principal" rules in (d)(3), seems ripe for a Single Dealer Platform (SDP) dark pool like 💩a🔔 Connect to exploit for fuckery when they want to keep volume suppressed. I'm sure I may be over simplifying things right now, but since market makers can legally create phantom shares are they see fit, and 💩a🔔 has their own HF and ties to criminals like known insider trader Steve Cohen, it seems like volume can be taken to the darkest pool and never reported to the tape as the MM can claim "buying GME was in anticipation of immediate offering" or the buying was part of a riskless principal transaction with 💩a🔔 the hedge fund, Point72, or countless others within Kenny G's criminal enterprise. +* **(e)(1)(G) - Creating or Redeeming ETFs - This is BIG imho -** Plenty of DD's on how the bulk of FTD's have shifted from GME to ETFs containing GME. Imagine 💩a🔔 had FTD's on the IWM, they need to "create" an IWM share to redeem and satisfy the FTD. They funnel shares from the dark pool into a basket of the 2000 other stocks in the IWM, that volume is never reported to the tape since it was part of a IWM share creation, new IWM shares are created and the FTD is satisfied. +* (e)(2)(A) - While I'm not really sure how applicable the "e.g. gift" is here, the phrase *"trade at a price substantially unrelated to current market"* brings back memories of all the fuckery we saw with 🦍 transferring shares out of Robinhood and the cost basis being way different than what people actually paid, and usually split out to several trades at prices way different than where GME was trading. +* **(e)(2)(B) - Exercising options - THIS IS THE BIGGEST - someone with more wrinkles than me help out here, but exercised option trades ARE NOT REPORTED TO THE TAPE!!!** I think a lot of the missing puzzle pieces to things are hidden in the option data, and I personally am looking deeper into this data to try and make sense of things, but my intuition is options are not only being used to hide short interest, reset FTDs, and create "synthetic" shares, but also are being used to keep volume suppressed - instead of "painting the tape" to increase interest, "ERASE the TAPE" to try and KILL INTEREST! + +\--------------------------------------------------------------------------------------------------------------- + +**HELP NEEDED!!!** + +Now, I've laid out this theory, but I have not been able to substantiate anything with data...YET. I need help, and hope some of the wrinkly 🦍 out there may have access to the data I'm looking for, specifically - + +* Historical data on the shares outstanding for all the ETF's containing GME. i.e. IWM currently has \~300 million shares. How does this compare to the shares outstanding in Jan, Feb, and especially Apr/May/Jun when FTD's started pilling up. +* How did the Russel 2000 rebalance affect ETF holdings of GME. Were ETF's like the IWM intentionally failed on delivery after GME was announced for Russel 1000 inclusion since MM had 35 days after the fail to create IWM shares without needing to buy GME. +* Historical option data specifically showing ITM options being exercised early. This can be tricky, especially on strikes with higher volumes, as it will be difficult to determine if day over day changes in OI was the result of options being exercised or simply closed out by MM's. +* Data on "Non-Tape, Non-Clearing Reports or Clearing-Only Reports". I've searched for days on FINRA trying to find this data, but I don't think it's publicly available. This may be a stretch, but could a FOIA (Freedom of Information Act) potentially be used to get access to this? It doesn't even need to be market wide, maybe just a few of the SUS entities like Citadel and Susquehanna. +* More granular OTC (Non-ATS) Data. For GME, dark pool data can be found on the FINRA site - [https://otctransparency.finra.org/otctransparency/OtcIssueData](https://otctransparency.finra.org/otctransparency/OtcIssueData) \- and Non-ATS data showing Citadel volume was released each month under the "NMS Tier 2". GME moved to "NMS Tier 1" after Russel 1000 inclusion and will be released every 2 weeks now. The data shows shares traded and the number of trades, but I'm wondering if there is anyway to breakdown that data further to show buys, sells, and short sales on a daily basis, instead of the consolidated data for the entire reporting period. The May data looks like this - + +[Non-ATS Dark Pool Data for GME for May 2021](https://preview.redd.it/o5vrqz60tua71.png?width=1150&format=png&auto=webp&s=6a580452dee12f0456b0416d6ebf95240b46f4a0) + +I've said this before in prior posts, but after spending the last several weeks looking in this and still having many unanswered questions, if it looks like 💩, acts like 💩, and trades like 💩, then it's probably the fine work of Kenny G and 💩a🔔. I have struggled to wrap my head around what seems like "missing volume" for months now, and just like "radio waves", just because I can't see it, doesn't mean it's not there. I hope some of 🦍s out there can help uncover some of the data I listed above, or help me and others form some new wrinkles if I've missed anything or have any counter DD. If I'm able to get the data, I'll get a follow up DD written as soon as I can. Again, this is not financial advice. + +BUY. HODL. 💎🖐. + +💎🖐🦍 --> 💩a🔔🎆 --> 🔥🚀🚀🚀🌙-->🍗🍗🍗 +I made gains last year. I pay my taxes. And I'm cautious in paying my taxes, I'm willing to pay more even if the "rules" are uncertain. Because I exchanged some ETH and Bitcoin to Aion, OmiseGo, Zcash, and a few others, I treated each event as taxable. Sold crypto for fiat to pay taxes, and I assumed I owe based on the short term gain clock. + +Taxes included US, State, and because of the level of gains, a "net investment income tax", which basically adds 3.8% in taxes to pay if you made strong investment gains. + +Throughout the year, I tried to estimate my taxes myself, pay quarterly, and use software to help (such as bitcoin.tax). + +Overall, my story is a positive one. Never timed "the top", but have no place to complain. +However, I also Very Much underestimated how much taxes I owed + +I thought I was being pretty diligent. But, after spending much time filling out the various trades in bitcoin.tax, and working with a CPA, it was revealed I had a massive tax bill owed. Luckily, I already took quite a lot out as a precaution "dummy check". That made the payment easy. Sad. But easy. Again, I have no place to complain, but wow, it was a lot of money. + +Now my taxes are done. I'm happy to gradually buy into crypto over the weeks, months, years ahead. After all, nothing out there is anywhere near as promising to me. It's on the verge of technical milestones, it's game changing, and I can be more connected to the associated community than any other investment out there. + +But I can say that for MANY people out there like me, the reality check of taxes hit hard, even after I thought I was doing it right. I know I'm far from alone in my gains and associated acquired respect/lesson in paying taxes. Very far from alone. + +I suspect much of the tax-associated sell pressure is over; most people by now should know what they owe in taxes. Billions in gains were made last year. That's a lot of tax-associated sell pressure in short period of time. Remember, the gains took the year, the selling, weeks. You don't need to take out $1 billion from exchanges to drop the market cap $1 billion. Liquidity of crypto is too poor for such a simple model. It takes much less money to sway the market cap. There was so much gains by so many people, I have absolutely no doubt in my mind that much of the recent drop is people realizing how much they need to pay in taxes. It seems REALLY obvious to me. +Every fucking time I check this subreddit, I have to read some highly upvoted thread from some absolute moron, even by wsb standards, "WHY THE LIZARD PEOPLE PREVENTED SPY FROM GOING -40% TODAY" or some absolutely tarted again shit like that. The stock market acted unpredictably today? What a fucking surprise. If only there weren't centuries worth of people talking about how the markets can be unpredictable. + +Russia invaded Ukraine and stocks melted up? Must be some hedge fund market maker SEC conspiracy, not like most stocks are fucking >50% or more down, but since the morons here can't remember shit longer than 2 hours ago, it's gotta be a conspiracy, not the result of uncertainty unwinding or the dust settling or america remember it's a fucking wartime economy or some other shit. What the fuck do I know? I'm just another one of you guys. + +GME going to squeeze any day now for 1.5 years after already squeezing 100x a year ago because it rose 10% to be a whopping 60% down because cohen tweeting an NFT of his fucking fart is surely the catalyst? + +Your favorite stock is down? Gotta be short sellers and market makers fucking you, not you YOLOing into some stupid meme stock + +Shut the fuck up with your QAnon level theories. Buy puts, buy calls, whatever, don't get fucking butthurt and blame the corpse of danish traders rising from the dead on why your puts are -60% + +Edit: most of the salty fucks in the comments are regulars over at gamestore subreddit + +BTDF +Checked my bank balance this weekend and noticed that over the course of the past 3 weeks using 6 transactions, starting on the 4th of February , someone has been pulling money out of my account and transferring it to some scam website. All of these were done through ACH transfers. + +At first, I figured it was someone I knew who has pulled shady shit before who might've gained access to my account or routing number but realized it might just be my computer that's compromised. + +I've closed/suspended all my accounts, contacted the merchant and my bank. The website basically said "tough shit, your loss" while my bank said they will conduct an investigation and give me a credit for the amount loss until they can determine whether I'm protected under their terms or not. They decided to break it up into two claims because the website operates under two different names (wtf?) for those specific transactions. + +I'm just wondering, am I screwed? This is my life's savings and thinking about how I might never see this money again is giving me an ulcer. + +EDIT: Bank is BoA + +&#x200B; + +EDIT 2 (3/2/21): +My investigation was resolved and I was able to get my money back! Took about two days for anyone seeing this in the future. I have to say, Bank of America did alright by me. + +I've frozen all my accounts and credit through the 3 bureaus and have an appointment with a detective tomorrow. + +For all of those who asked, I don't want to mention the site name because I don't want to get sued by them for something stupid but it's basically a currency exchange site where you can send payments anonymously. + +Thank you to all the people that sent me kind words either through this post or in PM's. No thank you to all the people that tried to scam me again in PM's +Hey guys Facebook is getting hit very hard today especially. + +There is currently an outage if the app and all there similar sites(Instagram, WhatsApp) which is bad news + +Also a whistleblower coming out saying Facebook Is caring more about themselves instead of the public’s best interest. Isn’t that the mission of every company though, to Benefit their bottom line? Doesn’t literally every public for profit company do the exact same thing? + +What’s your thoughts on this dip and the long term outlook of Facebook? + +I Currently own shares in Facebook +You’ve been keeping your GME shares at your broker for as long as you can remember. Despite all the warnings your fellow Apes gave you about how shares aren’t safe at brokers, you didn’t believe anything could happen to you. After several months of countless Apes registering their shares in their own name, an announcement comes from Computershare: “The entire GameStop float has been locked. We can no longer accept any more orders. Thank you.” Many Apes that didn’t DRS in time express their grief that their shares are stuck with their brokers and cannot be registered and protected. You realize that every Ape that registered their shares is safe, and you’re left gambling on the trust you have with your broker… + +The next day you wake up late in the morning after a long sleep and check your phone. You have 34 text messages from friends telling you GME has exploded and the squeeze has started. Excited, you check the price of GME and see it jumped to $82,000 from $400 in just a few hours and is going straight pass $1 million at a fast rate. This is your time now, you’re going to have enough money to provide for your family for the rest of your life and build your own legacy with this newly obtained wealth. You won. + +You check the rest of your notifications and see you received an email from your broker. You read it. + +“We’re emailing you to inform you that your 32 shares of GME have been sold at a price of $390.40 at 9:31 EST. If you’d like to learn why, you can message us at […]” + +You realize your broker sold your shares without your permission a few minutes before the short squeeze began. + +Panicking, you message your broker multiple times asking why they sold your shares without your permission, demanding an explanation and calling them criminals. + +*No response + +You check r/Superstonk and see all the Apes celebrating their victory as the price of GME is now at $491,000 and climbing. You don’t know what to do anymore. Your heart is racing, your future wealth was stolen from you under your feet and you have no words to describe the pain. + +Days go by and still no respond from your broker. You check the GME price and see it’s at $2.5 million and still shooting up. Instead of joy, you feel agony seeing that price, knowing you won’t get a piece of the unprecedented fortune... + +-Months Later- + +You join a class action lawsuit against your broker to get at least a portion of the money you lost from them, but they declare bankruptcy soon later. You know even if you win the suit against them, you’re never going to see that money you lost. + +-20 years later- + +Your children are reading the history books, learning about the economic crash of 2022 that took down several hedge funds and propelled the price of GME up 1,000,000%+. They ask you “weren’t you part of this movement? Why didn’t you become rich like the others?” + +You tell them, “I was supposed to, but I chose not to register my shares. I trusted my broker with my future, and they stole exactly that from me." + +-The End- +Crayon-lovers unite!! Another opportunity may present itself tomorrow for apes to do what apes do best- **BUY AND HODL!!!** To be perfectly clear- **DO NOT DAY TRADE GME**\- this is just info for those of us who want to BUY MORE TASTY DIPS. 💎🙌🦧🦍 + +I've been obsessed with options for some time now, since it seems like that's the source of Shitadel's fuckery ammo. Specifically, they have a habit of setting up DEEP IN-THE-MONEY CALLS right before market close when they're planning a short attack. [HOW they pull this off is beautifully explained here,](https://www.reddit.com/r/GME/comments/mk3gcd/call_memaybe_why_the_massive_volume_of_deep_itm/) thank you u/glide_si and I will definitely be calling. [u/Dan\_Bren](https://www.reddit.com/user/Dan_Bren/) has made a [very detailed post tracking this options activity.](https://www.reddit.com/r/GME/comments/mmjy19/some_deep_itm_calls_were_bought_today_the_final/) The depths of fuckery [are explained in the Frenemies post,](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/) courtesy of u/pinkcatsonacid . DIVE DEEP into [how the 4/1 options were used](https://www.reddit.com/r/GME/comments/mi31m6/deep_itm_calls_activity_pt2_april_1st_708000_ftds/) courtesy of [u/dejf2](https://www.reddit.com/user/dejf2/) , and [What the DTCC is doing to stop this activity](https://www.reddit.com/r/GME/comments/mibedc/the_moass_wont_happen_until_options_are_not/), wrinkles by [u/lighthouse30130](https://www.reddit.com/user/lighthouse30130/) . For those of you wondering how hedge monkeys are still able to do this with DTC-2021-005 now active, the answer was revealed in Dan\_bren's post by u/Precocious_Kid : + +[Bask in the glory of these brain wrinkles](https://preview.redd.it/d5agdmws00s61.png?width=647&format=png&auto=webp&s=845f30d3407dd1390b0df871de0861777514a2cc) + +Back to our story!! After days of not seeing any deep ITM calls, a few showed up right at market close today. [Warden noticed them in his daily post.](https://www.reddit.com/r/Superstonk/comments/mm21by/live_charting_for_472021_predicting_the_days/) The last time I wrote this [strange pattern of options,](https://www.reddit.com/r/GME/comments/mhgks7/whale_watching_unusual_options/) hedge monkeys very predictably short-attacked the stock in the first hour of trading the next day. Here's screenies of this very predictable pattern: + +&#x200B; + +[optionsonar.com](https://preview.redd.it/bnvq2zsqgvr61.png?width=2732&format=png&auto=webp&s=31ef0dc20d48db4fc75936efe2bdc51637596941) + +What happened the next day, 3/18? Glad you asked. + +[From Webull desktop app](https://preview.redd.it/mmhgc737jvr61.png?width=1040&format=png&auto=webp&s=fd8e86434b38a8629f3f1db3228a24eba39b360e) + +Let's move forward two weeks to March 31st. Deep ITM calls set up right before market close: + +[ OptionSonar.com](https://preview.redd.it/xbkdl4xojvr61.png?width=2732&format=png&auto=webp&s=5aa459efac8c253d4800762bdf2229126ce50d23) + +And can you guess what happened the next morning on 4/1? + +[From Webull](https://preview.redd.it/g067nlyblvr61.png?width=1040&format=png&auto=webp&s=bd4bf3eb09141bd7c51bfa2b9195ffb0365abaa0) + +Had to change my pants after that one. So wasn't I suprised when that evening, a whole crap-ton of deep ITM ~~puts~~ CALLS went up again!! (Edit: brain very smooth.) + +[optionsonar.com](https://preview.redd.it/ll6bip0pnvr61.png?width=1668&format=png&auto=webp&s=9ea2df2f3196dcd36494f2e47eb5e54bea7b8027) + +So let's see.... after a long weekend to prep, are they going to tickle us ever-so-sweetly with bullish signals before ramming it down our throats again?? + +[Webull desktop, heavy action 4\/1](https://preview.redd.it/my6nmfdvnvr61.png?width=1048&format=png&auto=webp&s=6be7ed7cf2c443081594b9a7d69cb1a46fe40336) + +I guess they figured they weren't fooling anyone any more. 💎🙌🦧 It's okay, apes like the abuse (I'm dead inside, don't know about you all). A few days passed without any deep ITM calls, and then BOOM! Just as the market closed today: + +[optionsonar.com](https://preview.redd.it/frqpyb91pvr61.png?width=1663&format=png&auto=webp&s=658730e012cb11fe700fc1ba200963731e535d2b) + +*I WONDER WHAT THEY COULD BE UP TO.* /s A wise ape once said: "The definition of insanity is doing the same thing over and over again and expecting a different result." Right before they jammed some more crayons into the ear holes *...just to check one more time.* + +# TLDR: Options pattern predicts that Shitadel may be putting GME on sale for us to buy tomorrow (4/8) morning. Enjoy your tasty dip. BUY AND HODL. + +Obligatory rockets: 🚀🚀🚀🚀 **NOT FINANCIAL ADVICE** unless it's buying more crayons, definitely buy more crayons. + +Edit: don't panic if [optionsonar.com](https://optionsonar.com) goes down 4/8. I thought I saw it get a ~~DDoS~~ RHOD (reddit hug of death, ❤ u/autoselect37 ) attack today- Warden noticed the same. lol stoopid hedge monkes 🐒 + +EDIT, UPDATE: Let's see how this played out in today's price action! + +[Morning of 4\/8, Webull](https://preview.redd.it/x4xlumb3hzr61.png?width=1035&format=png&auto=webp&s=995407dbf13ab9aa3bad8885e84a0301637ecc70) + +We had some EXCELLENT NEWS TODAY, [Ryan Cohen was named future director of the board!!](https://www.reddit.com/r/Superstonk/comments/mmpgm2/tears_of_joy/?utm_source=share&utm_medium=web2x&context=3) The news caused a huge spike in price and things were looking excellent for market open!! *Hedge monkeys can't have that!!!* Looks like they used the ammo from their deep ITM calls to drop the price at the opening bell and kill the momentum gained from this morning's news. (The volume and the RSI tells us that shorts made this price move by selling, not just by moving options around.) Why is this good?? 1) Apes can buy more shares now, 2) Shitadel is digging the hole deeper, and 3) by keeping volatility down, they keep IV down and make it cheaper for long whales to buy options to wage war with. (Apes pls buy shares.) + +UPDATE 2: Looks like they had more ammo in the bag for a mid-afternoon short attack!! (It's very common for them to short attack mid-afternoon, before power hour.) I, for one, was very happy to do my part to HODL THE LINE- + +[Dream come true](https://preview.redd.it/tkn7je0wszr61.png?width=542&format=png&auto=webp&s=21fe4c1ff24efbe91f3496d16d662d5016e35fa3) + +Line still needs holding- apes! Stock is still on sale! Long whales usually wake up from their naps for power hour, so the sale might end then- I don't know this for sure, but they've been pretty predictable in the past. + +Last Update! Bull whales wakin' up and boy they are HONGRY. Hope my ape family enjoyed the sale today!! 💎🙌🦍🦧🚀🚀🚀🚀🌙🌌🌌 +Let’s get the word out and make sure to UPVOTE all great DD on this page. +You mods are seriously awesome and I will follow you everywhere. + + +Edit: everybody please head to /r/GME and create a post showing the way. If anyone can make contact with /u/rensole also. +Maybe this isn't the best place to ask? Maybe someone can guide me to a better subreddit for this question? :) + + +So my insurance doesn't really kick in until I reach my $6000 deductible. OK, fine. But dang! Having insurance doubled what I owe to the hospital! + + +Long story is, my doctor said I had to get some bloodwork. The receptionist told me to check out the lab in the hospital (1 minute walk from the doctor's front door). I'm dumb. I went. Mistake #1. I asked if they take my insurance, they said "Heck yeah we do". 5 minutes of bloodwork later and I'm driving home. (If I had not listened to the receptionist's advice and just driven to the lab down the street.........) + + +I get a bill in the mail 3 months later. The total bill is $1600. Since I don't have insurance (what?) they want $290. This is where I make mistake #2. I call the hospital's billing company and tell them "Hey I have insurance, what the heck? Why am I being billed $290 for 5 minutes of bloodwork?" They say "Oh dear, looks like we took your insurance number down wrong. We'll put the payment on hold while we contact your insurance company." *In hindsight I should have paid the $290!* + + +1 month passes. I get an updated bill in the mail. The total bill is $1600. Since I have insurance, they want $550. From me. My insurance, bless their hearts, got my bill down from $1600 to $550. **What?** + + +I called the billing company and asked if I could just pay the $290 from the original bill. "Sorry! $550 please or we send it to collections!" + + +I called my insurance company and asked if they cared, at all, about any of this. They don't care. + + +Does anyone have any ideas? Am I screwed? Just pay the $550? Is there some magical word I have to say to the insurance person to get them to fight for the $290 rate? + + +Any advice is appreciated. Thank you. + +I don’t see this talked much about. If an international investor is buying US equities in dollars, they are paying in their own currency which is converted to dollars. +Since the US dollar is the global reserve currency, we obviously had a lot of printing in 2020. 25% of all US dollar in existence was printed last year. Expectedly, this leads to inflation. Whether is temporary or not remains to be seen but it would not be surprising to see a less valuable dollar. + +Wouldn’t this also mean a smaller ROI for US stocks? For example, you may make a 10% gain on Apple and gain $13 per share. However, if the pound (£) is now 10% stronger against USD, when your USD is converted back to £, you may not even end up making a profit. +It seems this is likely to happen with the inflation numbers coming out. E.g UK YoY inflation was 2.1%, US was 5%. + +How do you account for this, if at all, when investing for the long term? I guess you could stick to investing in companies in your own country but the growth is likely not there compared to the US. It becomes a game of balancing the numbers in to see if you end up losing money in a bullish market. +Title. What are peoples thoughts on this? Lack of job opportunities seems to be the reason, meaning they can stay in education till things look more hopeful. Won’t this “devalue��� the worth of a degree when job hunting? How will this affect post graduate job landscape and the economic outlook in general for young people. +Buffet seems to be a textbook example of the manager who loses touch with the drivers of the market. A failure to adapt to changing market conditions of fund managers over time is a point that is harped upon in A Random Walk Down Wallstreet, and is a symptom Buffet has admittedly been suffering from. + +I’m curious to see how those here reconcile the differences in investing approaches [Active (Berkshire)//Passive (Index fund)], since Berkshire seems to be mentioned frequently here as a prudent investment, as is index investing. + +EDIT: Many are questioning my saying Berkshire has underperformed an index fund for the past decade. [Link.](https://drive.google.com/open?id=0B929EowLRMEWdGRJNTZkT2ZaSnpWcnZwTFlkMXotYWxSQ0FB) +I was lucky to jump in and pump up quite a bit of dividend stocks during last year's market crash. However, like many others, I was cautious and did not buy as much I could have. many of us are in this situation now - There is money and desire to deploy but the following three factors are stopping us from pulling the trigger. + +1. All time high prices - Almost every blue chip dividend stock is at all time high (ATH) Take examples of Canadian bank stocks for example. +2. Yields have dropped off a cliff - or at least that is what it seems. BMO and CIBC were yielding 7-8% last year, something like a once in a life time bargain. Now yields are really low, 4% ish. +3. Buying stocks at ATH has a risk that while one may continue to reap dividends in future, there is a serious risk that one will have to see a sea of red for a long time if market decides to go lower in coming few years. Plus the lower yields. + +So what are your suggestions? Are you still buying your favorite blue chip dividend darlings at these ATH prices? If yes, are you buying small quantities to scratch the itch off or doing serious capital spending? +Hey all, I got about 900$ to start investing long term. In my Early 20’s and want to start investing for retirement/buying a home. The main goal is to put about 75-100$ a week in and make a compunding passive income little by little over a long period of time, I have been looking into dividend reinvesting and such but I don’t know what stocks are considered “safe” or how to find those “safe” growing stocks. I also have invested in $T (200$) and $ORI (200$) any advice is appreciated! Thanks in advance +Bought a couch online in January. Spoke with a guy on the phone who assured me it was interest free if paid within the timeframe. He had to reduce the original timeframe (from 18 months to 12 months I believe) somehow to make it work, but literally said the words "I don't want you to have to pay any interest. This is the better deal." + +&#x200B; + +I've been making auto payments for 6 months, never looking closely at my bill until recently. I noticed I've paid over $100 in interest so far. I called Synchrony and they said the way the store sent it over shows the 9.99% interest is intentional. They told me I need to contact the store. + +I called the store and they told me I have to go through Synchrony. Now I'm not sure what to do. + + + +**EDIT: Good news. I just found an old voicemail from the guy I spoke with on the phone. He clearly says 18 months 0% interest. He goes on to explain that the original 24 months we discussed would have actually been 9.99% interest, but that he is going to get me the 18 months 0% instead... so it sounds like it was an honest mistake, but I do have the voicemail as proof!** + + +**EDIT 2: It is now supposedly taken care of. The furniture store claimed they had sent it in their notes as 0% 18 months. They just spoke with their Synchrony rep who said that it should be fixed within 2 billing cycles. ** +I've been washing most of my laundry by hand for the past several months. It's a hassle wringing it out and so I still had to use the machine for bulkier stuff like towels cuz I can't wring those out well. + +It finally dawned on me it doesn't have to be an all or nothing thing - I don't have to use their dryer. The machine does a great job wringing things out - they're almost dry out of the washer. My apartment has a laundry room, so it's easy to just use the washer, bring the clothes home and use my drying racks to air dry them. + +The savings aren't huge but it's like every third load is free, plus I save the time I'd been spending doing hand washing. +I still don’t know which one to pick. + +I get it, msci world is more diversified, thus it is safer. + +However the sp500 is also diversified, with companies that are active globally. + +In addition the annual fee is less for the sp500. + +In the last 5 years the sp500 grew 30% more than msci world which is huge. + +As i don’t think sp500 is 30% more risky than msci world, i am leaning towards the sp500. + +Change my mind. +Hi, + +I am a full-time employee at an established company and make a decent income. My partner works in the healthcare industry as a full-time employee and makes a decent income. We have zero debt and the monthly expenses are lesser than monthly income. We live in a rental apartment. + +With the unemployment benefits and the dual-income stream at the house, how many months of expenses should I keep in an emergency fund? + +side note: I calculate the monthly expenses for the emergency excludes the wants like Netflix, vacation (includes only needs like rent, electricity, food, water). +# What pushed me from consistently losing, to consistently profitable? + +&#x200B; + +\*\*Edit\*\* Here is the link to some of the spreadsheet examples for how i track my performance + +[https://www.reddit.com/r/Daytrading/comments/hsy8db/spreadsheet\_examples\_for\_how\_to\_track\_your/?utm\_source=share&utm\_medium=web2x](https://www.reddit.com/r/Daytrading/comments/hsy8db/spreadsheet_examples_for_how_to_track_your/?utm_source=share&utm_medium=web2x) + +&#x200B; + +Simple.. really..... I started **TRACKING EVERYTHING**. + +I started by picking one chart pattern, making a spreadsheet, and tracking literally every possible thing about it. I tracked the date, time, ticker, average candlestick size, win rate, volume, 200 SMA distance, 9EMA distance, Expected Move, etc... literally everything. After this, i started prioritizing the factors based on win rate; aka i would opt for set ups that have more favorable win rates when you combine the factors. In this spreadsheet, I started taking pictures of my set ups, complete with my entries and exits, added links to them so that I could access them at any point to reflect, and assigned each pattern a grade from 1-10. + +Not only did i track the individual set ups, but I also tracked my physical trade performance compared to my trade plan. As i began to take more profitable set ups, i realized that I was still ignoring my trade plan. I was exiting trades WAYYYY to early. I was too anxious and wasn't letting targets hit. I realized, after comparing my performance to the performance of actual trade plan, that I was GROSSLY underperforming my trade plan. Thus, I began to solely trade profitable set ups, and would just my performance, not based on P/L, but based on adherence to my trade plan. I then added two new columns to my spreadsheet which were trade management and trade quality. I would grade both the quality of my trades and the management of my trades on 1-10 scale. I set goals for myself every month to improve both of these scores. + +In addition to these two spreadsheets, I also created an entire account spreadsheet that tracked all of my P/L performance. Daily, weekly, monthly gains, win rate, Risk/Reward, etc. This spreadsheet would sum up performance, complete with graphs, tables, etc. + +This type of hard work and dedication is what completely turned my trading around. I've only been day trading a live account for just over 8 months now and I feel that my learning curve has been ridiculously reduced. TRACK. EVERYTHING. ALWAYS. This is my greatest tip to those who are stuck breaking even. + +Feel free to ask me questions, or just need help with trading. I can also screenshot these spreadsheets so you get a real sense of what a true trade-tracking spreadsheet should look like. + +Thanks for reading, and I hope this makes a difference in your trading! + +Cheers. +Hi EthTraders/HODLers. Looking to find what you guys consider the most underrated ERC20 Token and why. I only cover projects I believe have the best fundamentals on my channel and would love to get your thoughts. Cheers :) +Hi, +I’ve been with my current employer for 16 months. I’m employed on a full-time salary. + +Recently I’ve been made aware through employees that have now left the company that my employer hasn’t made any contributions to employees super in just under two years. +Because my fortnightly payslips include the payments, I hadn’t thought to check until now. +I received a letter from my super that stated that my super insurance cover would cease on July 1 because I had not received any contributions in 16 months and they thought I was no longer employed. When I called my super, they told me that unless my employer makes a contribution within 28 days, they couldn’t do anything to keep my cover open. + +Numerous employees including myself have raised this with my employer who have said “This is an ATO matter now so we can’t comment on the process or give you a time frame for when the payments will be made” + +This is obviously distressing. There are approx 80 employees at my company, anyone who has gone directly through the ATO has been made “redundant” or bullied into quitting. +I’m not in a position to be unemployed but I also have a feeling the company might go into administration & due to much outstanding debt, there will be no money left to pay employee benefits. + +Is there anything I can do to help myself get my super back without putting a target on my head? +Is it true they can’t comment due to the ATO now investigating it? +What are the outcomes of the investigation? +Hi everyone, I just wanted to share our success with negotiating a lower rent in London. + +**Area:** London, an area close to Canary Wharf + +**Property:** Two bedroom flat + +**Timeline:** + +When we moved into the flat in early 2019, we were paying £460 per week initially. It went up to £475 per week when we renewed after a year for the next six months. + +This brought us to late 2020 last year when we had to renew our tenancy. The estate agents were pretty cheeky and asked us if we wanted to renew for another six months for the same rent as in pre covid. + +This was already several months into the pandemic, and we knew that lots of people who were working in Canary Wharf had moved out of the area, so there were plenty of properties on offer. More so, we saw on the estate agent's own website similar flats to ours listed for £415, so we were able to negotiate down to £415 per week for another six months. + +Most recently, we received another email from the estate agent asking if we'd like to renew again for the same £415 per week. Of course, we did our research again, and were surprised to see that the same flats listed six months ago were still listed, and had even lowered their rent to £375 pw. + +We made an offer of £360 per week, and it took a few back and forth emails, the agent saying it was too low etc... but we remained firm with our offer, and eventually the landlord accepted £360 per week for the next six months. + +We were quite confident that the landlord would accept a lower rent rather than risk having an empty flat for more than a month. + +I think what annoyed me most was how entitled the landlord/agent were; throughout all the negotiations they never once justified their price or made a point of what they were providing us. It was always reasons like "that's the market rate" or "the landlord will accept xxx". The market has changed, and I don't think they've realised that yet. Even with the vaccine rollout, I don't see companies forcing employees back into the office anytime soon. + +TLDR: Initially moved in for £460 per week (£1993 per month), now paying £360 per week (£1560 per month). So, we get to save about £400 per month. +I have backtested a simple price-action algo for 10 years, 2012-present using 15m candles on SPY. This algo turned a profit every year until this year it went negative. The algo leans on short term mean reversion. Has anyone else seen this? Care to discuss? +now that growth stocks have fallen dramatically, compared to the S&P, or compared to Value ETFs/Value Stocks. Would you "Buy the dip" and hope that Growth ETFs will recover in 2-3 years from now? I'm currently investing in VTI and VXUS, but wondering if I should add SCHG (Schwab large-cap growth ETF) or VUG (Vanguard large cap growth). Not really interested in QQQ, since it's not necessarily a growth ETF, it's just the top 100 Nasdaq companies. This would be for a taxable account, so I'm also not interested in Dividends. There's lots of studies that show Value stocks outperform Growth stocks over the long-term. But it really depends on when you buy/sell I think? Like Growth has had a great decade, from 2010-2020, but know knows if Value will do better from 2022-2032? How has your strategy changed during this period of high-inflation/possible recession in 2023? +A simple question offered in the honest spirit of scientific inquiry: Why are we not currently experiencing hyperinflation or at least high inflation if the Fed is printing money far in excess of what is required to sustain a modestly growing economy? Bonus question: If we're not hyperinflating now, what circumstances would trigger hyperinflation in the future? +I am a 22 year old male studying a Bachelor of Computer Science at Sydney University. I live at home and have been working at start-ups for most of my degree allowing me to save up $55,000. I have 8 more units to go (ie one more year of classes) until I complete my degree. I am also working at a start-up who recently offered to promote me from an intern to part-time permanent staff (possibly with stock options). + +&#x200B; + +However, I don't want to spend my prime years working because I have my whole life to do that. I was considering declining the offer from my employer to focus on finishing my degree plus my social life. I am also craving adventure and want to study overseas for a semester in the USA (I have done this once before in the UK and absolutely loved it). At my core I want to live on my own, work part-time, do my degree, chase girls, and hang out with friends. My parents have advised me that there is no rush and I should take my time with my degree, but also say I shoudn't move out because I will burn through all my money. I'm stuck between 'adulting' and adventure/being a kid. I have been undecided on this for months. + +&#x200B; +Been here over a year and I thought this would last a few weeks before the community imploded. But here we are. + +I joined the exhaust team last night and helped delete the… “rocket.” + +I was shocked to wake up to RC’s face in its place and the Loopring, Ethereum and Immutable X banner destroyed. Then I was shocked seeing it mostly restored in the time it took for me to place a couple tiles. + +This is incredible! It’s scary to see that a few bad actors can destroy. It’s inspiring to see that we can organize and build it back. This is why “they” (SHFs, Wall Street, government entities, the old guard) are scared of us. + +We’re going to play, too. We claimed our rightful place and we aren’t going anywhere. + +(I know, cheesy AF. Username checks out.) +My car was only $8k but I’ve been working so hard to pay off debt. I estimate what it takes to pay bills and then I allow a $200 or $300 cushion. All the extra money goes toward whatever bill I’m trying to pay off. I wanted to pay my car off since it is the largest minimum payment per month. + +I have a history of bankruptcy and financial abuse and poverty and finally over came that. I can’t believe I paid off a debt. + +I’m currently pregnant and trying to become as debt free as I can before I take maternity leave. + +I know it’s not always possible to make enough to pay off debt. Right now I’m able to. But can’t afford furniture. Being poor sucks and debt makes you a slave. +This is really the only place I can share my story since I can't explain FIRE to any regular person. And yes I admit this is kind of a humble brag, I am quite happy with my situation. Also, I feel this is a bit different from the usual "Bay area tech industry, 6 figure salary" stories for some change. Funny enough, my brother is a $100k USD+ techy in a HCOL city with a fortune 500 company, but that's beside the point. + +**Backstory** + +I work in the hospitality industry at a restaurant which comes with a unique situation. I have no benefits, nor time paid off but get to choose exactly how much I want to work. No formal education other than a couple of college courses, but a lot of time spent independently educating myself to further my career. + +I live in Toronto, Canada. Share a 700sqft 2br with a roommate in the downtown core. Live relatively frugally in some areas, but also splurge an absurd amount in others. I recognize I am very fortunate to be in the situation I am in, and also that there are many ways I can still improve my spending. Anyway, break down of my finances from past 12 months. + +**Finances** + +Essentials | Amount +---|--- +Rent | $890 +Phone | $50 +Internet | $30 +Insurance | $45 +Hydro | $30 +**Non-essentials** | +Groceries | $160 +Hobbies | $30 +Public Transit | $80 +Cab/Uber | $50 +Coffee | $20 +Dining | $450 +Monthly Total | $1,845/mth +--- | --- +**Yearly** | +Vacation | $3,000 +Education | $1,500 +Misc. Purchases | $1,000 +--- | --- +Total | $27,520/yr + + +Breakdown | Amount +---|--- +Approx. Income | $75,500 +Income Tax | $19,000 +Spending | $27,500 +Savings | $29,000 +Savings % (post tax) | 51% +Current portfolio | $85,000 +Years to FIRE | 13-15 Yrs + +**Couple notes:** + +1. **Insurance**, for now, is just renter's insurance and long-term disability insurance. I bought the latter due to the risks associated with working a physically dependent job. I also need to buy extended medical coverage soon, for things not covered by Canadian health care. + +2. **I walk to work** every day, a nice perk of living in the downtown core, 15 mins usually. But the public transit costs are still quite high because I often go around the city for other activities. + +3. **My hobbies**, outside of dining out, are mostly free or extremely cheap. I play sports at the community center which is usually free. I am competing in an amateur billiards league. The league is very affordable and I practice during the days when the rates are lower. A small perk of working nights I guess. + +4. **My dining budget is obscenely high**, I know. In my defense, it is my only serious vice. Also, it is my profession, being well informed about the current state of the industry and food scene has helped me in my career. + +5. **Education** covers the many books I buy and tastings I attend to improve my knowledge and hopefully further my career. + +6. **"Purchases"** is a very broad category that covers random things I end up having to buy. I barely own anything, I never go shopping or own any boy toys. It's mostly things like my laptop breaking after 7 years or having to spend $400+ on formal attire for a new job, these are unavoidable. I rarely spend the full 1k, I save the rest if there is extra. + +7. **I work 45-47h/wk** between my two jobs when I am working. This averages across the year to 44h/wk because I take time off which is unpaid in my profession. Usually, 2 weeks in a single vacation and a couple other random days here and there add up to approx. 3+ weeks off. + +8. **I declare my tips in full**, which is rare in the industry. This really helped me in getting my first lease since I have some proof of income. I also hope this makes it easier for me to get a mortgage, will have to meet with a broker soon to find out for sure. + +9. **Do not quit your job and apply to a restaurant.** My story is a rose-tinted one, 99% of service staff do not make this much. Only several restaurants in major cities pay this well, and those positions are extremely competitive. That being said, if you know what you are getting into and are cut out for it, it is a satisfying and well-paying job. + +EDIT: Because this has come up in several comments + +Note 10. I get fed at work, a very common perk of any decent restaurant. Although this is the first time it is being listed on my paystub as a taxable benefit LOL. My new company is very above board... +Question. Does you use the Fibonacci tool? If so, do you recommend others learning it? + +I see some people using the fib to understand the market and banking large profits. +Don't listen to people who act like because they've been in crypto for many years they know anything about anything. They don't know sh\*t about f\*ck. + +Like seriously, when I see posts like this one, I just can't believe it: https://www.reddit.com/r/CryptoCurrency/comments/pc4dg9/advice_for_people_who_got_in_crypto_this_year/ + +> I’ve been in crypto for many years. When I mean many years I mean I saw bitcoin at 300usd and eth at under 10usd. I’ve been through a bull and bear market. + +Lol seriously? These are your qualifications? I bought bitcoin way below $300 and I wouldn't claim I know sh\*t about f\*ck. Because I don't know sh\*t about f\*ck. /r/bitcoin was just as dumb as it is now in 2014-2015, people already had no clue what they were doing but were confident about it. It was already a sh\*tton of hopium, FOMO, and the usual cr\*p. + +Think of it that way. Suppose you go to the casino, and you meet some creepy guy at the door being like "dude, I've had a gambling addiction for five years, I can give you good advice about how to make money". Would you trust him? Of course you wouldn't. Because it's obvious he doesn't know sh\*t about f\*ck. + +Well it's the same here. Old-timers, newcomers. Nobody knows sh\*t about f\*ck. + +EDIT: formatting +$MoonPaw has started to pick up some serious traction, it has been really refreshing to be a part of an involved community like this and see something grow from so low. There's something about this one that just feels different. + + +After a week of launch, MoonPaw donated more than $5,000 worth in cryptocurrency to Hope for Paws on a livestream and their developers were on video doing everything they could to engage with us viewers. They took questions and gave us well thought out answers! Now, they've upped their game to $20,000 last week! +And the best thing is: all of this is supported by Billy Markus, Creator of Dogecoin! + + +We just reached 1300 Telegram members and there is an Airdrop competition for the first 1500 TG users! Potential pool of 1.5 MILLION MoonPaw tokens! Only 200 spots left so be fast! + + +Here is some extra information: $MoonPaw was designed to bridge the gap between content, community and crypto! +Immerse yourself in our unique, digital universe (The Mooniverse) powered by the MoonPaw token. Holders get the opportunity to receive early access to comics, games, merch, NFTs, giveaways and can vote on our monthly donations for wildlife conservation and animal welfare efforts. + + +Slippage: between 7-10% + + +If you have any questions reach out to $MoonPaw on one of the social media platforms! See you soon! + + +***Useful Links:*** + +Website: [https://moonpaw.cc/](https://moonpaw.cc/) + +Telegram: [https://t.me/MoonPawChat](https://t.me/MoonPawChat) +While individual coins are having jumps, the market seems to be moving together. Feels like a sell off. Maybe a slow one but a sell off all the same. + +I tend to follow the entire market cap for all coins as a guide, I'm wondering how low can we go? + +Any thoughts? +I don't know where else to go on advice regarding this matter. My family consists of me (24), my sibling (19), stay-at-home mom and dad. My dad made extremely poor decisions involving accumulating tons of credit card debt to build 2 massive houses for passive income. + +Due to costs involved, he'd sold our original house and we rented from place to place. All the while, he'd struggled to pay the rent and our education costs. Eventually we found a new place when I was 16. I managed to get into a prestigious school which cost more than average and I learnt today his relatives paid for my schooling. Fast forward to finishing my master's degree; I find that all the while he'd told me he was doing fine and I should focus on my studies and dreams, he's accrued unimaginable debt. I have my own student loan of 46k to pay which is manageable for me. + +What worries me so is that he's 59 this year, reaching retirement in 6 years by which time my brother would have just finished university. I'm beyond scared to think he has no retirement savings and went into debt while encouraging me and my brother to pursue our dreams. What should I do at this stage? I'm currently waiting to start a well-paying job overseas and have dreamt of doing medicine after my brother's finished uni and gotten a job. But with the way things are now, I'm extremely wary and feel like I might have to give up my career aspirations to take care of the family and the debts. + +TLDR: Dad has a habit of taking monumental debts and making terrible financial decisions while financing our expensive education and hiding reality from us. Should I give up my career aspirations and contribute to the debts? I still don't know exactly how much the debts are either. +So long story short... she had quite a bit of retail debt and it has caused her a lot embarrassment. She's worked on it over the years and I'm going to help her get rid of it completely. We talked and thought it would be best if she doesn't use credit for awhile. + +So my question is, what is the best way to set this up? Can I add her name to my card and have that build up her credit over the years. Can we open a new card together (one that I carry) which is something I can monitor? Does she need her own card and then we set up some automatic bill payments? Not sure if that counts since the bills are in my name. + +Basically, just looking for suggestions on how to do this properly. THANK YOU! +Hi. I have just graduated from secondary school and currently doing exams for college. I am really ambitious and interested in perhaps starting a business. My goal is to make a living without the normal 9 to 5 job most people have. I do understand that I am still to young but I am really interested in finance and investing in general. Any advice is appreciated. Thanks. + +Edit: I was not expecting this many comments! Just to clarify, I am living in a small island called Malta. I really appreciate everyone's advice, thank you! +There's a lot of Elon shilling on this sub whenever he does something that is tangentially related to the areas this subreddit is interested in. This needs to be made crystal clear: Elon Musk _does not care about the average citizen_. He is a member of, and one of the very embodiments of, the corrupt system of rot that the wealthy use to exploit the average citizen. + +Based on his values, his actions (in his treatment of workers and disdain for human rights), and his attitudes, the man is a narcissistic individual whose ultimate goal is his own self-enrichment. Sometimes the enemy of your enemy is not your friend, he's just another enemy. +As much as we all want the moass to have started by now, there are a few things that we gain in the meantime: + +- Strength. The longer we wait, the stronger our diamond hands become. Had the rocket launched sooner, our collective hands may not have held as long as they would have needed. We have been through lots of ups and downs at this point and this is a difficult but necessary process. Strength is built through adversity. + +- Power. The more synthetic shares that are created and purchased by retail, the larger the power shift will be when the moass comes. The hedge funds can kick the can, but it only builds more and more momentum. + +- Knowledge. Think back to January and how little we knew of the fraud and scope of the situation compared to what we know now. Had the moass started then, we may have gained money sooner but the perpetrators would have stayed concealed and many of the problems left unconcealed. Knowledge is our greatest weapon and time only gives us more of it. + +- Camaraderie. Over time we have grown closer as a community. The memes aren’t just funny, they’re shared experiences and expressions. The good times and hardships, loss of members and the welcoming of new ones all shape us in a positive way. The end goal is to rid fraud and corruption for our global economies and foster fairness and compassion. For us to achieve this beyond our community, we have to achieve it within first. (**edit**: this does not mean or should be implied that there is any level of coordination of buying or selling among any number of members. Every member is individually responsible their own decisions and should be provoked to make any financial action solely based on their own volitions and personal timing.) + + +*this is not financial advice* +I know banks have to be a bit more careful with their capital, but that’s about the extent of my knowledge. Are trading desks basically the same as hedge funds or do they usually follow different strategies? +The recent dip in Intel (INTC) is an overreaction and provides an excellent price for a tech beast that boasts strong growth and good dividend. + +While Intel did announce the 7nm delay of 6-12 months, a hiccup, it also announced it is willing to go to TSMC if TSMC has the better technology at the time; Intel will use the best process technology available. So if taking these words on face value, then AMD at no point going forward will have an advantage (in manufacturing technology): they both have access to TSMC, and Intel also has access to its own process and packaging technology. + +There is more to semiconductor products than the manufacturing technology. The IP still has to be developed. For example, while AMD has moved to N7 for some time for its GPUs, it still does not have something like Nvidia’s Tensor (or Ray Tracing) Cores that would make it competitive for AI workloads, which is fueling Nvidia’s growth in the data center. So while process technology can be a differentiator, so can a product’s architecture be. + +Concerning manufacturing technology, there is much more to it than just transistor density. For example, Intel said it intends to improve 10nm by one Moore's Law by improving it through 10nm+(+)(+) introductions. So Intel might have lower density, but power and performance of the transistors could be similar to AMD's (or its 7nm). Intel could very realistically launch/manufacture 7nm products or IP on 10nm++(+) instead. + +For investors, keeping track of all of this technology might be unrealistic. To that end, I would propose the following view: I see nothing fundamentally changing as to Intel remaining the leading CPU company (by size - financials - market share), while AMD will remain relatively tiny. + +**TLDR**: AMD is on a hot streak but stepping back and looking big picture as an investor and not a tech geek will help you made the right choice and see the opportunity we have with INTC current price. INTC is more than a product launch. +After the Infrastructure bill debacle where anti-crypto laws were introduced in a must pass bill, now a new America COMPETES act has just been filed in Congress. This Bill on the surface seeks to make US more competitive against China. + +But hidden deep in its 2900 pages, this Bill contains provisions that give the Treasury unlimited powers to prohibit and block crypto exchanges. + +Currently, the Treasury cannot take unilateral decisions to block crypto transactions without a formal notice and a public process, and give a 120 day period to challenge any decision. However, under the new Bill, the Treasury can take decisions without any formal process, based solely on its own apprehensions. + +The new bill allows the Treasury headed by Yellen to block transmission of funds if the Treasury deems so. It can quickly order blocking any transaction or exchange without any review process or administrative controls. This gives the Treasury unchecked control over all crypto exchanges and transactions. + +This language was already included in a bill from last year, however there was opposition and it was removed. However yet again this has been sneaked into a must pass bill. The very idea of sneaking in such clauses in 2900 pages of incomprehensible regulations stinks. How are even the legislators going to read any of this? + +The new bill: https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf + +Coincenter's legal arguments: https://www.coincenter.org/new-bill-would-hand-treasury-blank-check-to-ban-crypto-at-exchanges/ +Michael burry, THEE OG GME power move, gets subpoenaed (as a WITNESS) in late September. Makes sense - burry was the first to detect the bullshit. + +Burry goes to talk to Gensler, who, as of right now, is lookin like he might actually give a shit and is trying to do something. He’s up against some scary ass people. Probably got a FEW horse heads by now 🐴 + +But gensler doesn’t back down. No, he actually looks up. Gets the big boys involved. DOJ and FBI are like fine Gary, we’ll put an intern on it. Intern brings them some notes with their coffee, coffee that would end up sprayed all over the conference table as the intern reads the brief. “holy shit!” Merrick Garland exclaims. “these assholes *actually* hate america - they are an embarrassment and a threat to America, no partisan.” He’s right. + +They start drafting up subpoenas. Y’all it’s the players this humble group of apes has identified and kept on a steady, year-long diss track. Andrew Left, Melvin, and 30 others…what ape wouldn’t wanna get their hands on that list? Who wants to bet point 72 is on there? If you’re gonna go for a big bad wolf, you’re gonna need some lil piggies to squeal first. 🐽 + +Subpoenas go out. FBI busts into offices and seize computers. These trust fund cucks aren’t about to make a mockery of the FBI. + +The hedge fund guys look up from their coke straws lodged squarely in the asshole of a pledge-equivalent (intern) mid elephant walk. Uh oh. + +Calls go out — someone tell Kenny. + +A bead of cold sweat forms on Kenny’s brow. The docs — it’s all in the docs. Light them up. 🔥 + +Conditions are wet. It’s snowing. A fire breaks out in a storage facility just outside the city. + +Millions of documents go up in smoke. + +Hot damn y’all. I been here strong but i won’t lie, sometimes I questioned things. + +But god damn. This is batshit crazy +Go to this site : https://htlc.me/, click on "Got it, I wrote it down", get your tBTC (not real BTC, "t" is for "testnet"). +Then, you can go buy some fresh articles with Lightning transactions at https://yalls.org/ or some Caffe Latte at https://starblocks.acinq.co/ . + +You need to copy the "payment request" of the site you want to buy from and paste it onto your htlc.me lightning wallet (in "send tBTC"). +Once the transaction is confirmed on your wallet, you can go see on the site you bought from that the transaction has been confirmed instantly. +All of this is still under development but lightning devs are doing an amazing job at it ! +It's not that far down the road ! +Hello world 👋 +Well....now I'm sick, lying in bed 🙄 +I'll try to update you, my head is killing me though 😅 + +Current price "45 minutes in: 159.41 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  159.47 US-$ + +5 minutes in: 159.47 US-$ + +10 minutes in: 159.59 US-$ + +15 minutes in: 159.65 US-$ + +20 minutes in: 159.65 US-$ + +45 minutes in: 159.41 US-$ +Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017. + +https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm +https://www.bloomberg.com/news/articles/2017-07-28/second-quarter-u-s-growth-rate-of-2-6-underscores-resilience +As someone who is just starting out in their FIRE journey, the #1 advice I hear from all the "successful" people and on the Internet in general is to read lots of books, talk to mentors, surround yourself with successful people and so on. + +As I consider most of the people here to be "successful" in life, I'm interested in hearing how big a role these things played in your fatFIRE journey, or if these are just buzzwords invented by self-proclaimed Internet gurus to sell their content. +I have a house under contract set to close on/before March 31st. The current owner's 43yr old granddaughter is living in the property and has done quite a bit of damage. Somewhere along the lines of $20k-$30k. + +I offered her cash for keys but she doesn't seem interested in doing that. Since she does not have a signed lease can I just provide her 30 days notice to vacate once I take ownership? Is it possible to do this before taking ownership. The current owner does not want to deal with this and is one of the reasons why he's selling. + +I'd rather just pay her to leave as it's less hassle for all involved. + +Thoughts? +I rented my house out to a realtor who wrote the lease for herself. Now I’m having trouble collecting rent. She put a nominal late fee and is doing terrible job communicating with me. I have another mutual friend I met that said she’ll manage the property for me but told me to phrase it as a consultant. Is it a bad idea for me to bring her on to help me with this? Is it time to evict my tenant if she’s over 15 days late? +It seems like there is no way to locate a reliable platform to do this in the UK, + +I have been trying to find something like this be it seems impossible without stories of people not receiving their money, I want to select my own stocks and have it at a low cost as possible. + +Does anyone have any suggestions around this? +Wanted to share my favourite ETF's pick to hold for next 20 years. This portfolio will be drip fed every month and T212 shows an average return of 12.57% as of now but I expect around 18% YoY growth on average. I have also tried to reason my holdings so feel free to comment if you disagree with my justifications. With this portfolio being drip feed, market corrections won't be detrimental to it as my cost price would average out. + +For numbers sake, if this selection returns 12.57% with £500 drip fed every month and £1000 initial investment, after 20 years, the value will be just over £500,000. Now if I'm right and it returns 18%, it will be worth almost £1 Million. All of these can be found in your ISA so you won't pay tax on the profits. + +I also have a T212 Pie of Tech Heavy stocks and will post that shortly as well. + +-- Edit: + +Some of yous think the return is too high and I do agree that it's quite optimistic. I'd love to hear the counter arguments rather than 'hur durrr too high'. Although optimistic, I am well aware that the returns can me much lower or even negative. + + +**iShares Global Clean Energy - 20% Weight** + +With companies like tesla investing heavily into renewables, we have seen big oil companies like Shell and BP diversifying into renewables, I expect this ETF to perform very well. We are now seeing the EV and AI revolution and all of these require energy and fossil fuels are running out + +**Vanguard S&P 500 ETF - 10% Weight** + +Over the past 90 years, the average return of S&P 500 is 9.8% and just in the last 10 years, its 13.6%. Because of this, I feel like S&P 500 is a safe investment to hold as it gives me huge diversification in various different industries so a poorly performing industry wont tank my entire portfolio. + +**iShares S&P 500 Information Technology Sector ETF - 15% Weight** + +Personally, in the last 5 years, we haven't had massive breakthroughs is in the technology sector. Don't get me wrong, the advancements have been amazing in the tech field but I feel like next 10 years are going to be much better. We are starting to have AI breakthroughs, Cloud technologies, Electric Vehicles and smart everything. All the major industries have tech in one way or another. + +**iShares Electric Vehicles and Driving Technologies ETF - 15% Weight** + +EVs are the future and big players like Google, Nvidia, Intel and Tesla are heavily invested in autonomous driving technology. Governments are starting to ban the sale of ICE cars and huge economies like china are seeing massive growth in the EV sector. + +**Vanguard FTSE All-World ETF - 10% Weight** + +With this ETF, I get exposure to global innovations and don't have to rely on single economy. While the returns are lower, I expect this to be a solid growth ETF. + +**iShares Developed Markets Property - 10% Weight** + +I also didn't want to fully rely on the stock market so with a bit of property market exposure, I wont be left holding bags if something like the dot com bubble or 2008 property market crash happens again. I'm sure some sector will bubble up and burst at one point. + +**iShares Healthcare Innovation - 10% Weight** + +With massive technological advancements, there will be many medical breakthrough as well. Artificial Intelligence can boost research, exoskeletons and artificial augmentation, Neuralink like tech, gene therapy are some of the healthcare sectors that could take off in the coming years + +**iShares Automation & Robotics - 5% Weight** + +Almost every company is pushing for automation and this sector could also see massive growth, almost every aspect of Tesla is more than 75% automated, Amazon is in similar as well with checkout less shopping centres, drone deliveries, autonomous driving etc + +**iShares NASDAQ 100 - 5% Weight** + +Unlike the S&P 500, Nasdaq 100 is very tech heavy and since most of the other ETFs also relate to tech in one way or another, this one hold a lot less weight. Nasdaq 100 also has a better return rate than S&P 500. +My apologies if this is the wrong place to post. I currently have open a S&S ISA with Hargreaves Lansdown where I have invested heavily into Vanguards S&P500 index. + +As this is an American fund that tracks American companies and is therefore in $, what happens to my investment seeing as I am investing in £’s? + +If the £ continues to fall, will this make my investments worth less because the £ is weak, or will it not matter as I invested before the £ dropped? + +On the flip side, if the £ becomes stronger after brexit and recovers, will this have any significant impact on my investments? + +I am trying to work out whether this is a good buying opportunity, or if it is not a good time as the £ is weak. I’m not trying to time the market, just trying to work out how it reacts to these sorts of currency fluctuations and base my decision to invest off it. At the moment I am solely invested in Vanguards index tracker fund for the S&P 500, however I plan to invest in the FTSE when I have decided where I want to invest. +Partner (37M, NW $800k, income $375k) and I (34F, NW $1.4M, income $300k) are getting married. Yay!! + +We’ve been engaged since pre-COVID, and are in it for the long-haul. Similar upbringings, modest-to-chubby lifestyle, shared quasi-retirement goals. We discussed the logistical implications of breaking up before we moved in together. Naturally we’re getting a pre-nup and have co-drafted the general outline of those terms. We’ve done this for estate planning too. + +Our needs feel simple (to us) but we’re new to finding a lawyer and not sure how to effectively engage. Drive the process? Let them guide? Establish general guidelines? + +Would appreciate advice. And any referrals if you’re in the Bay. I treat legal contracts like dental work - quality matters. Thanks! +I’m curious who here manages to make $100 or $500 or even a $1,000 a day? Do you have a daily goal to reach and if so what is it and how do you obtain the goal? From reading some of you tend to very meticulous and others shoot from the hip, I’d like to hear some of your daily tasks. Preferably from someone on the more aggressive side but all stories welcome. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello, + +A year and a bit ago I asked for thoughts on '[falling off the fatfire wagon](https://www.reddit.com/r/fatFIRE/comments/aghu0b/falling_off_the_fatfire_wagon/)'. + +We moved into the house over a year ago. Turns out it was a great decision for us. Yes, financially by the numbers it's dumb. It it absolutly more house than we can 'afford' by the usual metrics. And I don't give a sh\*t. Every single day I come home and the house \*feels\* awesome. Emotionally, it's the best money I can remember spending, and a year in it still feels great. + +Thank you all for your input - rereading the old thread is a great reminder to me of how complicated life is. There isn't any right answer, and sometimes doing dumb things works out, and sometimes it doesn't. In this case I continued to get lucky, and I'm loving our place. + +And now to refinance - I wonder just how low we can get it. :) +Mastodon is the hot topic in social media the last few weeks. It's a decentralized version of Twitter that is part of the fediverse. There has been an exodus the last few weeks with hundreds of thousands of users moving from Twitter to mastodon. + +Given our presence on Twitter, we could have a greater impact on this web3 social media venture that aligns with the motives of the nft marketplace, ownership of your own media in the digital World. + +Anyone can set up a server that can be run similarly to a subreddit here. + +Should superstonk establish itself on this new decentralized web as a way of spreading our message further? +In the last 24 Hours i see a lot of posts, which state, that the MOASS and the market crash will hit a lot of innocent people and small investors. They try to make the moass look bad. Remember in 2008, when the economy crashed, it was the hedge fonds and the banks issue, as it is now. Dont feel bad. Even without GME the market is a corrupted bubble, GME is just the trigger. If it doesnt crash now, it would crash later either. + +So i say it again: IT IS THE HEDGE FONDS FAULT + +I bought GME because i like the stock + +Edit: Sorry for my english + +Edit2: Some people commented something about the "dance/dont dance" drama. This post has nothing to do with it. I myself was just browsing new and rising posts, so i found these. + +Edit3: people still comment about the "dont dance" thematic. Again, this has nothing to do with that. I mostly browse this sub by new and there are many posts which make the moass look bad. Obv getting downvoted, but i think we will see more posts like these, by giving us the fault of innocent people loosing money. + +Edit4: So many comments, cant respond to anyone now. But thanks for the support. +Hey everyone. I [posted](https://www.reddit.com/r/povertyfinance/comments/8asxdk/its_possible_to_make_an_extra_1000_a_month/?ref=share&ref_source=link) a few weeks back detailing how I am making upwards of $1,000 a month through the use of beermoney sites. Beermoney is, according to Urban Dictionary, "Extra money for non-essential payments, available for spending on luxuries, hobbies, or a fresh pint of your favorite draft." I use this definition, because this is (in most cases) not intended to be a primary source of income. This is a way to supplement what you already have. There is no way to know what you will make any given month, so do not count on it. My worst month I only made around $500 and my best I made over $2,000. + +As I have stated in my other posts, this is not a definitive list of everything a person can do online by any means. Do your own research on the subs I list, use Google, ask other people, and find what works for you. What I talk about works well for me, my family, and my schedule. Below I will explain why I chose this as a way to make money, provide a quick recap of the revenue streams that I have found to work, and provide payment proof for what I can. + +Since getting married, I have needed extra money for various bills and saving for things we wanted (down payment on a home). Essentially, I was just tired of barely scraping by every month. Because of this, I have been investing more time in all of these sites over the last 6 or 7 months and the cash flow has been steadily increasing as time goes on. I have been able to get my car paid off a little sooner (I am 3 months ahead on payments), have been able to afford more luxuries like taking the wife out on weekly dates, and have built my emergency fund to one month of bills. I am now also able to wake up and see that money came in while I slept. It has been rad. + +I personally invest anywhere from 20 to 30 hours a week doing these sites, on top of my day job. Some days I will make $20 all day, and others I will make over $200. I prefer this, as opposed to a second job, because I can pay partial attention to a laptop and 'clock-out' when I want to focus on family or Netflix, rather than having to listen to another boss everyday, worry about getting fired, and deal with more people. This works better for my temprament and my preferences. + +The tech required: A working laptop, a cellphone (in some cases), an internet connection, and a fairly good amount of patience to learn. If you are in a position where these tools are not available, you can also do many of these from a library. + +These are combined numbers over the last six to seven months. Anyway, on to the revenue streams (some refs): + +**[Respondent.io](https://app.respondent.io/r/7%20secondman-6cf3dc2d701d)** ([$2,300](https://imgur.com/a/oSpkC5o)): Studies - Most countries + +**[Prolific.ac](https://www.prolific.ac/p?ref=O8LEJ7R6)** ([$575](https://imgur.com/a/jii6GDW)): Surveys - Most coutries + +**[Mturk](https://www.mturk.com)** ([$3,142](https://imgur.com/a/AhWXpuw)): Small tasks and surveys - US mainly. Confirmed also in Canada, Europe, & Aus. + +**[Secret shopper app](https://app.survey.com/account/merch?referral_code=roberthW77D)** ([$141](https://imgur.com/HfQ7PZw)): In-person store evaluation - US only + +**[Usertesting](https://www.usertesing.com)** ([$700](https://imgur.com/a/ab5ptaN)): Website evaluation - US & maybe select others + +**[Redbubble](https://www.redbubble.com)** ([$85](https://imgur.com/wobuyuz)): T-shirt creation - Worldwide + +**[Ebay](https://www.ebay.com)** ([$190](https://imgur.com/a/SVhmvu5)): Selling goods - Worldwide + +**[PlaytestCloud](https://www.playtestcloud.com/signup)** ($190): Video game testing - Many countries + +**[UsabilityHub](https://www.usabilityhub.com)** ([$15](https://imgur.com/a/U4FhJIQ)): App testing - Many countries + +**[UserInterviews](https://www.userinterviews.com)** ($50): Studies - US & maybe select others + +**Reddit subs**($1,300): Check out r/beermoney, r/flipping, r/borrow, r/workonline, r/slavelabour, and r/jobs4bitcoins. + + +I know this is a lot of information and a bunch of it is repetitive from my last post, but I wanted to provide as much info as possible right off the bat. If there is anything that is confusing or additional you would like to know, fire away. + +Want to know about me personally? Do I like pineapple on pizza? Want to know other sites that work that I don't use? Want to know why I don't use other big money making sites? Want to know which ones are scams? The main benefits and downsides of any of the listed sites? I will be around most of the day, so... Ask Me Anything! +Keep your investing simple if new. Start with either 1 or 2 ETF's (VIG and VBR for example) or 4 to 5 different dividend paying stocks in different categories (JNJ, ADM, LMT and DUK for example). Invest weekly or monthly into each one via M1 Finance or other broker that allows for the purchase of fractional shares. Try not to look at the price and worth of the shares over time, although it's good to check in once a year. If down, be happy, the shares are on sale. Continue over many decades. You will be happy your younger self did this. +It's fun to think about. + +Going from a 25% 401k contribution to 0% and spending every penny of your net paycheck. + +I could live in a nicer apartment and buy more expensive groceries. I could drive a nicer car. Could eat out at nice restaurants every week and travel all the time. + +Of course, I have self control and would rather save for the future instead of live lavishly now, but sometimes it's fun to wonder what life would be like if I wasn't the way that I am. +I assume that my pension is being invested in the same areas by actual professionals whereas if I invest on my own I'll probably lose it/not keep on top of it or have to pay taxes on it? + +I feel like the smarter option is to stay away from Degiro and just max out my occupational pension plan instead? + +Im feeling like, given my situation, Degiro would be more of a hobby, rather than a long term investment plan. +Hi kids! + +Allow me to re-introduce myself. I did a few pieces of DD wayyy back when, such as seeing wut Credit Suisse was doing, questioning Fidelity's lending practices and the difference between beneficial/registered ownership, SSR meaning nothing at all, and others. Not long after completing my SSR DD, I retreated to chats with many of the OG DD writers including [u/bloodhound1144](https://www.reddit.com/u/bloodhound1144/) and it's honestly where I prefer to be; in the background helping further the truth and expose the corruption that has gone unchecked. After the events of the past few weeks though, I felt the need to "come out of retirement" and set a couple things straight, starting with Wrapped GME. I'm purposely going to keep these posts as a series of extremely narrow topics because shit is complex, yo. 🤣🤣🤣🤣 + +# TL:DR Wrapped GameStop was created by FTX and Serum in conjunction with Binance, Jump Trading, Genesis Trading, and Alameda Research. + +Let's start with the token Wrapped GameStop: + +[https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496) + +&#x200B; + +https://preview.redd.it/drjyst8pag0a1.jpg?width=2830&format=pjpg&auto=webp&s=8ef9d227113d231869673bc739585b72f61b5bc8 + +As of writing, there are 207 holders with a supply of 10,000,000 GME. Let's take a look at some of the top holders: + +[https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496#balances](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496#balances) + +&#x200B; + +[Just part of them](https://preview.redd.it/duez9eirag0a1.jpg?width=2712&format=pjpg&auto=webp&s=9e8ffffd8475384646045569e59ffba4a2ddebce) + +Well that's interesting, huh? Let's put this in a more simplified format: I'm only going to include the named addresses at this point, we'll get to the unnamed ones after or in another part. + +&#x200B; + +|Rank|Address|Quantity (truncated to nearest whole number)| +|:-|:-|:-| +|1|Serum: Deployer|4,500,000| +|2|FTX Exchange 2|1,000,000| +|3|Binance 7|1,000,000| +|4|FTX Exchange|1,000,000| +|11|Genesis Trading: OTC Desk 2|60,413| +|18|Alameda Research 15|26,825| +|28|Jump Trading|17,208| +|33|Binance 35|13,606| +|35|Alameda Research 13|13,199| +|49|Alameda Research 17|9,742| +|55|Alameda Research 24|8,627| +|59|Alameda Research 23|7,934| +|73|FTX US|5,519| +||**TOTAL**|**7,663,073**| + +&#x200B; + +What are the odds? 13 named addresses all in the top 100 holders making up 3/4 of the total supply. All part of or associated with who? That's right, FTX. Now, I know what some of you may be thinking; shitcoins are sent all the time to addresses, so that doesn't necessarily mean shit. I'd say that's fair, until we look at the "genesis block" of when GME was created. Just so happens, it's on public ledger! If you look under transfers and go all the way to the last page (12), you'll see where it all began: + +[https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9) + +&#x200B; + +&#x200B; + +https://preview.redd.it/ufimiq5qbg0a1.jpg?width=3514&format=pjpg&auto=webp&s=a7ec2d821a9bda6065928b210d193c749fe0c46f + +2.5 million tokens to four addresses: [0xef7d6661fae2082ef0cecd42b322a3960eb87f66](https://etherscan.io/address/0xef7d6661fae2082ef0cecd42b322a3960eb87f66), Serum: Deployer, FTX Exchange, and FTX Exchange 2. Created (as of writing) 659 days ago (Jan 26, 2021). When did FTX launch the GME Token? Jan 27, 2021 + +Let's walk through some of the initial transfers of this coin: + +&#x200B; + +https://preview.redd.it/eve3vyjvbg0a1.jpg?width=2748&format=pjpg&auto=webp&s=ee12219abd495a869d361a205d878e5a0504f44d + +&#x200B; + +That looks pretty fucking suspect, no? Doesn't look like some shit coin a kid in his mom's basement created. Are they all involved in the FTX fiasco? + +Serum: [Needed a special fork after](https://www.yahoo.com/entertainment/solana-based-serum-may-compromised-151742537.html) + +Binance: [Broke the story](https://twitter.com/cz_binance/status/1589283421704290306) + +Jump Trading: [Feeling the heat](https://www.chicagobusiness.com/finance-banking/ftx-bankruptcy-will-affect-drw-jump-sme-cboe-trading) + +Genesis Trading: [Halted Withdrawals](https://www.ft.com/content/b6680e41-56d1-4a18-99b3-569bb6d3d999) + +Alameda is self explanatory as they're owned by FTX. + +Closing out this post, I hope I've settled the debate on WHERE the Wrapped GME token comes from. Next post, I'll dig more into the forensics of the transactions from the genesis block and we will see how much they made. For now, I'd say this settles the entire debate on whether this coin was created by or used by FTX. That is unequivocal yes. +The VIX yesterday fell to 19.78 - the first time below 20 since February. + +A lot of us started thetagang during this high volatility environment, and this is all we know. + +Of course, it is possible that this is just a temporary dip. However, I'm curious as to how you plan to adjust your trading strategies if the VIX and thus premiums continue to fall? +# DISCLAIMER + +*This is no financial advise! I am not an experienced monkey. I just do like the colors and the crayon stick figures. Maybe I'm gonna grab me some and munch on them. I don't want you to set your expectations because of that post.* ***Even consider this to be wrong!*** + +&#x200B; + +[nomnomnomn](https://preview.redd.it/pg4k36rbk6u61.png?width=225&format=png&auto=webp&s=db6c1ee240b2896634c484a0e0658178c2a454a8) + +***Please feel free to correct me and to leave some feedback!*** + +*You're allowed to keep spelling mistakes for youself.* + +*This is only a thesis. I don't have hard proof for the practice. I just interpreted the charts and tried to input my knowledge about crypto. Also, I'm a bit lazy. If you like to look up some more, I would like to be part of your findings.* + +*I don't know if someone already mentioned it or at least looked it up. If someone can dig even deeper into that, we might be a step closer to generate clear evidence for shady HF tactics.* + +&#x200B; + +**EDIT** + +This ~~is~~ was being downvoted like crazy. It might be a rabbithole. (TINFOIL) This might be the reason why crypto and BTC is forbidden at r/wallstreetbets, should they have been invaded. i tried to post it there, it has already been deleted even though I replaced BTC/Crypto. (/TINFOIL) The Tinfoil might have been [debunked](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv3t098/?utm_source=reddit&utm_medium=web2x&context=3) (although the provided link doesn't work). The Correlation can be traced down to about a year ago in my interpretation. + +&#x200B; + +# FOREWORD + +I would've liked to change the title, as I don't mean Bitcoin alone. It can be any cryptocurrency, from BTC, to Dash, XMR, ZEC, DOGE, any other coin that might fit into THEIR system. + +**Some comments state I would not understand blockchain technology. I am in crypto currencies since 2012. It is true, that any bitcoin transaction can be identified. The ones using and sending those transactions cannot be directly identified through the blockchain though! Thats the purpose of bitcoin (and blockchain alltogether): creating trust between anonymus parties via distributed ledger and consensus. There have to be laws at the endpoints of crypto, to avoid money laundering. Up until today, there are nations where even fait money is not regulated to a anti money laundering (AML) degree (panama papers for example)... Furthermore, they can easily use or develop own mixing services (read down below at 3.1). I repeat:** + +**If there was no need to draft anti money laundering laws regarding the use of cryptocurrencies, why should worldwide nations from europoor countries to the USA, China, India even think about it?** + +Keep in mind, that it's not just somebody that might be laundering. If bigger institutions are in control of the market, whom should they be obliged to identify themselves to? + +# Crypto might just be one of many layers being used for a systemic laundering. + +Offshore accounts, OTC markets, dark pools, gambling sites, mixing services, nations with poor legislation regarding moneylaundering (panama, malta, etc. pp.) are all just parts of a bigger puzzle. Anything that interrupts the trace before is a catalyst for a systematic laundering. + +Citing "Evaluating cryptocurrency laundering as a complex socio-technical system: A systematic literature review" by [Dennis B. Desmond, ](https://www.emerald.com/insight/search?q=Dennis%20B.%20Desmond)[ David Lacey, ](https://www.emerald.com/insight/search?q=David%20Lacey)[ Paul Salmon](https://www.emerald.com/insight/search?q=Paul%20Salmon) conclusion: + +>By applying Rasmussen’s core tenets to cryptolaundering, we have demonstrated that the laundering of cryptocurrencies is a complex socio-technical system and as such for requires a systems approach when attempting to understand it. **In applying a safety and security protocol overlay to the cryptolaundering process, control of work processes may be evaluated to identify the most effective and secure laundering process for perpetrators to avoid failure, investment loss or arrest.** It is therefore, concluded that future research examining cryptolaundering processes and systems should adopt a systems thinking approach. Further applications of systems thinking theories and methods in this context are therefore recommended. + +Guess who is controlling most of the markets... it's up to you. + +Furthermore, Citadel seems to be [very popular](https://www.top10-casinosites.net/citadel-instant-banking/) for money transfers to online casinos (which do partly also accept cryptos). + +&#x200B; + +# TABLE OF CONTENTS + +1. TL:DR +2. Introduction +3. The Washing Machine + 1. The Crypto Space + 2. Correlation between Crypto and GME(related Stocks) +4. Conclusion +5. Update Section +6. Sources + +&#x200B; + +# 1. TL:DR + +HF are buying GME (and maybe other shorted stocks like AMC) in dark pools. When dropping those shares into the retail market, they make money, because they are STILL SHORTING THOSE STOCKS. Their short positions generate money. The won money might be put into crypto for finishing washsales. Scroll down for the last (5th) picture. There you can see it clearly. + +For how they make money with deep ITM calls, go check out this AI backed DD: + +https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**This might be (at least one) reason, why the HF keep shorting!** + +Remember: the shorted shares have still to be covered! Buying at dark pools seems to only (maybe) reset their FTD timer, but **doesn't close their shorted positions.** + +&#x200B; + +# 2. INTRODUCTION + +I assume you all read all big DDs like the Chaos, Everything, etc. pp. ones! Also read up [u/brockm's DD regarding crypto being misused!](https://www.reddit.com/r/Superstonk/comments/mteyvy/bitcoin_and_possibly_all_crypto_has_potentially/) + +2.1. I guess most of you have seen this one here: [Sells through the major exchanges, buys through the FADF - a dark pool](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/?utm_source=share&utm_medium=web2x&context=3). It is a screen recorded video, which shows that the FADF (a so called [dark pool](https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp)) is being used, to buy (non existend or borrowed) shares. The FADF buys don't affect the price at NASDAQ. In the meanwhile, the bought shares are being dropped on retail exchanges, thereby dropping the price (artificial price dropping and pressure to keep the price low). Why are they doing it? Of course, we got the max pain. The hedgies try to keep the chart below. And furthermore: they are still shorting GME (the whole reason for the MOASS) [GME Short Interest at 160 minimum](https://www.reddit.com/r/Superstonk/comments/mq4jl6/gme_short_interest_at_160_minimum/). + +Of course you have learned, if a stock is being shorted, they earn money when its price drops. Therefore they are winning money. Problem is, using dark pools is only allowed to a certain degree, because of the [underlying intransparency](https://www.sec.gov/news/statement/shedding-light-on-dark-pools.html) for retail traders. + +&#x200B; + +2.2. **Conjencture 1: HF make more money with dark pool shorted shares than they are allowed to and therefore mix money into crypto to save those earnings.** + +**Conjencture 2: HF wash money they have won by shorting shares and put it into crypto.** + +Conjencture 3: Yes, 1 and 2 are nearly the same. + +&#x200B; + +# 3. THE WASHING MACHINE + +**3.1. - The Crypto Space** + +How can crypto be used as a washing machine? I [answered that question](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv39gy2/?utm_source=reddit&utm_medium=web2x&context=3) by a critical asking ape. The main way of laundering via crypto is by using [crypto mixing services](https://ngm.com.au/bitcoin-laundering/). They might theoretically be able to push their own version of block into the chain, if they have [enough mining power](https://bitcoinmagazine.com/business/bitmain-nears-51-network-hash-rate-why-matters-and-why-it-doesnt) (regarding BTC) and thereby don't even need an exchange. But I guess this would go too far. The other thing is, there are also CRYPTO DARK POOLS [1](https://www.investopedia.com/news/number-dark-pools-cryptocurrency-trading-increasing/) [2](https://support.kraken.com/hc/en-us/articles/360001391906-Introducing-the-Kraken-Dark-Pool) [3](https://academy.binance.com/en/articles/a-simple-introduction-to-dark-pools)! + +Ongoing, you can see how money can be laundered using crypto in the following figures [1](https://www.emerald.com/insight/content/doi/10.1108/JMLC-10-2018-0063/full/html#sec014): + +[ Cryptocurrency money laundering process, adapted from Gilmour \(2014\); Möser \(2013\); Fanusie and Robinson \(2018\) ](https://preview.redd.it/9oj2b4yikbu61.png?width=1161&format=png&auto=webp&s=da0a28a97ac521d8fd814429ffaa26b9c7539943) + +&#x200B; + +[ High cash money laundering process, from Gilmour \(2014\) ](https://preview.redd.it/4r6m0jvpkbu61.png?width=1145&format=png&auto=webp&s=caa5c4bbc22e3e850cba5321478db426113038ff) + +Furthermore, there is a sociotechnical aspect to cryptolaundering. + +&#x200B; + +[ Cryptolaundering socio-technical system involved in risk management after Rasmussen \(1997\) ](https://preview.redd.it/ptw5tnozkbu61.png?width=1300&format=png&auto=webp&s=afc84c3a966871498bdf04578e5e88d235330063) + +3.1.1. Now keep in mind that HF are not the only ones creating traffic on BTC. Thereby it won't be a 100% coordinated chart. But there seems to be a close relation to the traffic of the ETF Shorted shares to Bitcoin. Don't forget DOGE trading being halted by Robin Hood when it rose like crazy last week... Also think about that there are more than one crypto currency. They might use DOGE to hedge positions from BTC or other coins - RIGHT NOW. Look at the chart below. + +&#x200B; + +[Cryptocurrency market caps changes in percent, 1 Month: Blue = BTC, Yellow = Ether, turqoise = XRP, Purple = DOGE.](https://preview.redd.it/0s5w95ls06u61.png?width=3018&format=png&auto=webp&s=f606452be7a25dcf3834f9f4d70a59588933b0ea) + +Excursion: From my point of view, the DOGE rise is a examplary [pump & dump scheme](https://bravenewcoin.com/insights/how-to-identify-a-crypto-pump-and-dump-scheme). Those groups, which coordinated early by buys the P&D and [releasing amazing news](https://www.coindesk.com/robinhood-crypto-withdrawals-deposits). Look at the timing and the rise of the DOGE market cap. + +&#x200B; + +[DOGE Market Cap, 3 Month. Starting around 28th January, the market cap of Doge started to pump. There was no reason for it to pump. If you have read up the link about \\"how to spot a crypto p&d\\", you will notice, that DOGE is a examplary set up P&D.](https://preview.redd.it/sd4fkihy36u61.png?width=3018&format=png&auto=webp&s=b13491fa87c966902f0c8f811a45cf9f10c1fdfc) + +And guess who [hired former CFTC Chair](https://www.complianceweek.com/grapevine/ex-cftc-chair-heath-tarbert-joins-citadel-as-chief-legal-officer/30222.article), who seems to know a lot about crypto [1](https://www.coindesk.com/tarbert-steps-down-cftc) [2](https://www.cftc.gov/PressRoom/SpeechesTestimony/tarbertstatement032420a). If you want, you can watch [Houston Wades talk](https://www.youtube.com/watch?v=skvMJGPYjUg) about dark pools, dogecoin etc. + +3.1.2. [It might also not be related to GME only](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv38nbz/?utm_source=reddit&utm_medium=web2x&context=3). There will be connection to a higher degree index I guess. Also lets not forget that Hedge Fonds might be hedging their positions. Crypto might be one of these. + +&#x200B; + +**3.2. - Correlation between Crypto and GME(-related stocks)** + +When overlaying BTC and GME charts, you can see a relation: + +&#x200B; + +[GME - 15 min Chart down to 4\/09](https://preview.redd.it/t6oi258a55u61.png?width=3018&format=png&auto=webp&s=dd9afcf16c39a49f17eb674ca21fd9033bb65591) + +&#x200B; + +[BTC - 15 min Chart down to 4\/09](https://preview.redd.it/wm3uwgsub5u61.png?width=3018&format=png&auto=webp&s=ab7f0e5488d4352a2dde6ba5cd5c7b88f05c7c40) + +If you look closely for the afterhour from friday, 16th, and premarket from today monday, 19th, you can see some opposite movements of both charts. + +[GME 1 Day \(4\/19\) - 1min](https://preview.redd.it/e8p7c4ak65u61.png?width=3018&format=png&auto=webp&s=dee6a97b69bb7f41cdaf7a85a06ff68fc3e9bfa2) + +If you look at todays charts, you can see a clearly opposite movement of those charts. + +[BTC Chart, GME Overlay \(orange\)](https://preview.redd.it/n05z2h4o95u61.png?width=3018&format=png&auto=webp&s=40b293e929e11f8da92e69e72e0a9a70434bbee6) + +&#x200B; + +[GME Chart up to 4\/13, BTC Overlay \(orange\)](https://preview.redd.it/uy25aaj6a5u61.png?width=3018&format=png&auto=webp&s=2a8ee2e360ff39e1ab1d1de50651b95504303d6f) + +&#x200B; + +[GME Chart 3M, Bitcoin Overlay \(blue\)](https://preview.redd.it/lay3yut1l5u61.png?width=3018&format=png&auto=webp&s=b4df847734b312a54cb2e6fa3c5364aff50e4c5f) + +&#x200B; + +[Marked down GME chart, BTC overlay \(blue\). Purple: inverse relation = buying crypto while price drops. Yellow Selling crypto \(decreasing market cap\) to buy dark pool shares?](https://preview.redd.it/tiak6t4uv5u61.png?width=3018&format=png&auto=webp&s=70d71de6b9561d99887cc0c680df2e4bc942a2ed) + +The correlation started about ~~4/08~~ JANUARY, as far as I can see it right now. It might go even further (presumably down to about a year ago). + +&#x200B; + +[Another GME Chart with BTC \(blue\) and SPY500 overlayed \(orange\)](https://preview.redd.it/2wao1qt5y5u61.png?width=3018&format=png&auto=webp&s=83d55d3d7f381ed98b2062e5682496c655a6943d) + +&#x200B; + +[Last 6 Months of Crypto Volume \(Bitcoin\)](https://preview.redd.it/gojnrjgjx5u61.jpg?width=1440&format=pjpg&auto=webp&s=53fba714ce96199c711a52de6753d4365a1abaef) + +# + +# 4. CONCLUSION + +Thesis: + +(I) Crypto provides a multiplayer laundering space via its various cryptocurrencies. + +(II) HF might use crypto mixing services to wash their gained money. + +(III) They gained money which was generated by their short positions by pushing the prices of shorted shares down, using shares they have bought in dark pools + +(IV) Result: when shorted stocks go down (GME, AMC ...) crypto could be going inversely up. + +(V) - weak) They sell crypto, when they need money to buy dark pool shares. + +&#x200B; + +# 5. UPDATE SECTION + +\#1: Question. tryied to explain a little bit deeper how this might be connected. + +\#2: inserted 3 Months GME Chart, BTC Overlay + +\#3: structured the post + +\#4: inserted crypto dark pools and crypto mixing services + +\#5: inserted marked down chart + +\#6: inserted bitcoin volume index of last 6 Months + +\#7: inserted SPY overlay + +\#8: inserted BTC, XRP, ETH, DOGE market cap changes overlay + +\#9: inserted DOGE P&D section + +\#10: inserted Ex-CFTC Chair Heath Tarbert, [credits](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv3t3mn/?utm_source=reddit&utm_medium=web2x&context=3) to u/retardedStonkman + +\#11: added Houston Wades Talk, [credits](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv4016w/?utm_source=reddit&utm_medium=web2x&context=3)to u/istros + +\#12: inserted more sources + +# 6. SOURCES + +[https://academy.binance.com/en/articles/a-simple-introduction-to-dark-pools](https://academy.binance.com/en/articles/a-simple-introduction-to-dark-pools) + +[https://aisel.aisnet.org/ecis2015\_cr/20/](https://aisel.aisnet.org/ecis2015_cr/20/) + +[https://bravenewcoin.com/insights/how-to-identify-a-crypto-pump-and-dump-scheme](https://bravenewcoin.com/insights/how-to-identify-a-crypto-pump-and-dump-scheme) + +[https://www.blockchain.com/charts/output-volume](https://www.blockchain.com/charts/output-volume) + +[https://www.cftc.gov/PressRoom/SpeechesTestimony/tarbertstatement032420a](https://www.cftc.gov/PressRoom/SpeechesTestimony/tarbertstatement032420a) + +[https://www.complianceweek.com/grapevine/ex-cftc-chair-heath-tarbert-joins-citadel-as-chief-legal-officer/30222.article](https://www.complianceweek.com/grapevine/ex-cftc-chair-heath-tarbert-joins-citadel-as-chief-legal-officer/30222.article) + +[https://www.coindesk.com/tarbert-steps-down-cftc](https://www.coindesk.com/tarbert-steps-down-cftc) + +[https://www.emerald.com/insight/content/doi/10.1108/JMLC-10-2018-0063/full/html?casa\_token=SUhe99yBZAoAAAAA:1NlnyvcG99hPaXMmRLXpC4P9Yxk9rA43QPED79P8gUBHlapt-nGy7SEduQZ\_02WV3OTPsytA6EFztCYfGSxxen6MO7TX04oKV\_fclzeQZeyh-sArDok](https://www.emerald.com/insight/content/doi/10.1108/JMLC-10-2018-0063/full/html?casa_token=SUhe99yBZAoAAAAA:1NlnyvcG99hPaXMmRLXpC4P9Yxk9rA43QPED79P8gUBHlapt-nGy7SEduQZ_02WV3OTPsytA6EFztCYfGSxxen6MO7TX04oKV_fclzeQZeyh-sArDok) + +[https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp](https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp) + +[https://www.investopedia.com/news/number-dark-pools-cryptocurrency-trading-increasing/](https://www.investopedia.com/news/number-dark-pools-cryptocurrency-trading-increasing/) + +[https://ngm.com.au/bitcoin-laundering/](https://ngm.com.au/bitcoin-laundering/) + +[https://www.reddit.com/r/Superstonk/comments/mpebkz/sells\_through\_the\_major\_exchanges\_buys\_through/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/mq4jl6/gme\_short\_interest\_at\_160\_minimum/](https://www.reddit.com/r/Superstonk/comments/mq4jl6/gme_short_interest_at_160_minimum/) + +[https://www.sciencedirect.com/science/article/pii/B9780128021170000151](https://www.sciencedirect.com/science/article/pii/B9780128021170000151) + +[https://www.sec.gov/news/statement/shedding-light-on-dark-pools.html](https://www.sec.gov/news/statement/shedding-light-on-dark-pools.html) + +[https://support.kraken.com/hc/en-us/articles/360001391906-Introducing-the-Kraken-Dark-Pool](https://support.kraken.com/hc/en-us/articles/360001391906-Introducing-the-Kraken-Dark-Pool) + +[https://tradingview.com/chart/e51WD8AG/](https://de.tradingview.com/chart/e51WD8AG/) +My wife (30) and I (34) just got home one month ago yesterday with a real cute baby boy. It turns out that these things are fairly expensive, though. Childcare at $1400 a month is going to be a bear. + +My wife was laid off from her hospitality industry job during COVID. She made about $55k. I own a small business and make about $80-100 yearly, though it varies monthly. We don’t have a lot of debt and have about 100k invested here and there, not including 401ks. + +My mom, a retired schoolteacher living on $2400 a month, is now grandbaby obsessed. She lives in a small beach house my granddad built in the 1970s. It’s on a lake, inland, now surrounded by McMansions and golf courses. Shes 3 hours away and 68 years old. She keeps coming up with these wild plans about getting month to month leases or roommates in town with us so she can see the baby more. She cannot personally afford to do these things. + +It occurs to me that I could really make her golden years much more golden and also build myself a nice chunk of equity by buying another house for us here in town and letting her live in the house we now own. Meanwhile we can rent her beach-area home on AirBnb. She takes care of the current tot, and also future tot, until they hit 4K. + +Our current home is a 2/2 at 1350 sq/ft and we gotta get a bigger one anyway when we have another kid. We paid 175, owe 150, and it’s worth around 215. For the $1400 I’m gonna pay in childcare I can buy a bigger better house in a better school district here. + +If I’m going to lay out $1400 a month I’d rather be getting a house than childcare. You don’t get a lot of equity at the local Methodist church daycare. + +Anybody see a downside with this plan, or can I actually make this work? +I will be in the 45-120k bracket if that makes any sense and my main FT role will bring in the most amount of money this is only xmas casual and will most likely bring $10,000 extra if that. +I hope your all having a good weekend! + +I'm sick as hell right now so I'm gonna try to keep this short sweet and to the point this week. + +We'll do a quick dive into the TA some theories I have on what is going on with GME right now and what I expect for the coming week and little overview of the market as a whole. + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. This will be uploaded by... + +9 pm EDT/UTC-4 + +# Part I: Some Theory + +After closing out slightly above max pain on 2 consecutive Fridays it appears as if our quarterly run really kicked in on Tuesday with the price driving hard above $200 and closing out the week $25 dollars above max pain at $204.95 on Friday. If we compare this to our last run up it seems like a similar pattern is getting ready to play out. Wherein we run up hard Monday & Tuesday with volume and volatility declining into the end of the week. + +This is most likely an effect of : + +1. Not properly Delta Hedging the ITM calls from the previous week, Leaving a large amount of gamma exposure to be covered in T+2 +2. An attempt to reduce exposure and cover early in the week to avoid the cheap EOW gamma ramps that are being built by long funds. +3. Also an attempt, at the end of the week, to profit the most off of max pain before the next cycle of covering begins. + +So essentially let it run Monday/Tuesday drive it down into the end of the week to minimize exposure for the following weeks covering. + +For those of that want a reminder of the last time they did this here it is. + +[Previous Run on the 4h from June\/July](https://preview.redd.it/8u68f1ppgck71.png?width=1564&format=png&auto=webp&s=fb41442be52c746a49d0c6892adfee71461d9698) + +This time they have less capital ( as is the nature of compounding losses). So, if we see their ability to bring the price down through the mid-week falter, GME is in a good position to see this take off. + +Here is our current run on the 4h timescale, with predicted action following the same trend. + +[Current run on the 4h](https://preview.redd.it/wsuwxlxuock71.png?width=1591&format=png&auto=webp&s=8d23a478843c83cb174d57010d223c04a88f6e04) + +As we can see from this week the downward range on price is weaker which could mean tests at much higher levels on this run. + +**SPRT a distraction or a play by Long HFs?** + +I haven't had a lot of time to dive into it, the essence of my current working theory is that RenTech and possibly Vanguard are using SPRT to squeeze Susquehanna and Citadel. While Susquehanna and Citadel show net long positions on SPRT via their 13f's we know how "reliable" those can be and there are several factors that make SPRT a possible way to put pressure on the SHFs. + +1. Extremely low float of 15m shares almost 1/3^(rd) of which is owned institutionally +2. An ITM options chain that represents more than the available float +3. Same institutional parties involved +4. Extremely low ETF exposure which means it is unlikely to be in any of the meme stock derivative baskets (so not tied to GME via any options, swaps, etc..) hence there should be no correlation in price movement +5. Massive Squeeze potential with very low capital deployment (cheap to squeeze for longs) +6. Same long-term shorting visible on OBV as GME, this implies a heavy naked short position given the small size of the float. +7. Timing, heavy movement on this stock began right as quarterly options rolled over at the beginning of the run on GME +8. Reported Short Interest remains above 60%, Actually increasing after Fridays run to $59 + +[SPRT Reported SI&#37; of Float](https://preview.redd.it/a67okghkldk71.png?width=2473&format=png&auto=webp&s=fb6a1e77683616f9e342ba879bb708118b828891) + +I think if nothing else this theory deserves to be looked into, If Renaissance Technologies and Vanguard want to put pressure on Citadel and Susquehanna's margin requirements moving into these rule changes beginning in September this is basically the textbook perfect stock to do it with. Especially if their GME exposure is not currently affecting that margin due to swaps being used as collateral. I will try to dig into this more this week with some of the people on my discord currently it shows there **is** a statistical correlation between SPRT and GME. + +&#x200B; + +[Thanks to @ xKarl](https://preview.redd.it/ihkj50rfldk71.png?width=646&format=png&auto=webp&s=24e9fa3d59cfc2f18212235e8e59136815f49563) + +[Thanks to @ xKarl](https://preview.redd.it/n9a65serldk71.png?width=690&format=png&auto=webp&s=428e6186d903bf6c58a4b1303d1f1b6b35106e4b) + +"If you can't fuck 'em in one hole, fuck 'em in another" + +\- *gherkinit 2021* + +**Gamma Exposure** + +There seems to be some evidence coming to light that the ITM calls on GME are not being delta hedged properly meaning that MM's risk exposure on GameStop is becoming very dangerous. If this is the case gamma exposure on T+2 this week could be **orders of magnitude greater** than last Tuesday. While I don't currently have the gamma exposure data (only some circumstantial evidence) I did want to ask if anyone in the community has access to it if they can reach out to me please. + +# Part II: Technical Analysis + +This was last weeks low/high price prediction. That double bottom bounce played out much better this time... + +[Previous predicted trend](https://preview.redd.it/yi7z40zwxck71.png?width=2447&format=png&auto=webp&s=903832a351047a924a7f424e311c9f3e1f0b5a9e) + +I tried to adjust this throughout the week but really never nailed the consolidating volume. Honestly, my prediction last Sunday was more accurate than me trying to chase the volume throughout the week. I won't make that same mistake twice. + +So let's look forward to what I expect for this week. + +[High\/Low Price predictions for this week](https://preview.redd.it/kj1jt9948dk71.png?width=2455&format=png&auto=webp&s=e4e436f8e8bf280e8876408eb172e815a1d4f817) + +Here is the overlay of the predicted trend with the predicted price action + +[Trend\/Price Action Prediction Overlay for this week](https://preview.redd.it/6du793hv9dk71.png?width=2093&format=png&auto=webp&s=94abe80cd49bf461bf908ae2dbe9337174295d99) + +It appears the trend and Price predictions line up pretty well. + +Let look at some other indicators to affirm this trend + +**MACD** + +MACD is looking like several more days of uptrend are in store for us, as we still haven't reached the halfway point of the previous run. + +[MACD on the 1D](https://preview.redd.it/n06azhzjadk71.png?width=1590&format=png&auto=webp&s=9960c53fabc4f33d29a8ca38f21640dae9a9733a) + +**Stochastic RSI** + +Stoch is continuing it's uptrend still 14 points shy of July's peak at 84 but this also looks promising for this coming week. + +[Stochastic RSI \(14\/14\/21\/21\) on the 1D](https://preview.redd.it/agqy2jx9bdk71.png?width=1589&format=png&auto=webp&s=8e842c51a3fd9385af79275d6b93e9d9c3e3836d) + +**ADX / DMI +/-** + +ADX is starting to signal a very strong positive trend. This is generally a good indicator of the strength of the current trend and the +DMI value is showing it will continue to be positive. + +Another note: the DMI is already exceeding the previous run up's value, meaning we may see way more potential upside this time around. + +[ADX DMI +\/- on the 1D](https://preview.redd.it/5hg4lwplcdk71.png?width=1590&format=png&auto=webp&s=4dda40668beab4280b6b339cc651323529570d51) + +**Conclusion:** + +With the currently wide bid ask spread it appears we are mimicking (possibly beating) the previous run up in June on about 25% of the previous volume. That means that if those levels of volume come in we could really see some upside potential, given that the price increases exponentially faster this time around. + +I have said in the past that we move from periods of low probability to periods of higher probability in regards to MOASS. This current period appears to be the highest chance of MOASS occurring since January. + +**TLDR;** + +GME taking off at unprecedented speed and upward momentum. If there was a time for MOASS to occur we may be approaching it. + +Buckle up ?... + +# Part III: The Market, this fucker literally won't die... + +The Fed announces plans to taper, record breaking storms rolling in, debt ceilings, delta variant cases shooting through the roof, inflation is higher than anticipated week over week, and RRP is consistently breaking new highs. + +Yet, the market keeps chugging along, smashing through new all time highs and regaining it long-term trend. I suppose, the hope of the infrastructure bill and more possible stimulus coming in with new potential lockdowns is the bull case. + +Either way this thing could honestly fall off a cliff any day now. Here are the correction zones I will be looking for. + +[SPY on the 1D](https://preview.redd.it/edafj7lffdk71.png?width=1587&format=png&auto=webp&s=4ed9a5cdc66f105d42594782bdcafb724fc75d11) + +Here is this weeks P/E 10, It's got some room before reaching dot.com bubble levels but not much... + +[P\/E up .59 points since last week the largest single week gain since I began tracking it after the last correction.](https://preview.redd.it/7ead5xltfdk71.png?width=979&format=png&auto=webp&s=df2e203692c546e688ede1f9ef828cbe8cc97b1a) + +Stars burn brightest before they supernova... + +https://preview.redd.it/lzr69opigdk71.png?width=1270&format=png&auto=webp&s=188cacdca68ffbe20932c5e69a01bb9e0366bf06 + +# Part IV: Conclusion + +With a market crash looking more likely everyday this could be a serious upcoming catalyst for MOASS. Additionally we see some pretty good evidence that not only are we running up again we are running up with a bid/ask spread that creates the opportunity for large gap ups and violent upside potential. Any significant surge of buy pressure at this point could lead to massive price increases the constant gamma ramp setups can accelerate those increases and former resistances are already show next to no actual resistance. + +Is this it? + +I don't honestly know. + +But, I can say with some confidence It looks like we are closer than we have ever been. + +&#x200B; + +Buy & Hodl + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +If you missed my [Discussion on the GameStop thesis with Tradespotting check it out here](https://www.youtube.com/watch?v=kT-8XqqQcug) + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +&#x200B; + +**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 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. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +This is sort of a follow-up post from yesterday's compound savings threads. A lot of people have talked about how you can save more money in the long-run by buying clothes and shoes that last a long time instead of buying cheap items which frequently need replacing. + +I feel like I have the money, but not the know-how to make this change. I don't know what clothing/shoe brands are high quality and made to last, and which are expensive purely because of marketing reasons. + +I tend to be a casual dresser anyway, but especially so this year. Where can I get quality trainers/jeans/tshirts etc. which look nice but won't need replacing for years? +I was diagnosed with Crohn’s disease at 15, I’m 25 now. My medication and monthly healthcare is extremely expensive. This year I started with a marketplace health plan that was $260 per month with $10k max out of pocket. I still have $3,000 left in bills from that. I then got a new job a couple months ago and my premium is $50 a month with $3k max out of pocket. I just got another $2,200 bill. Ill hit the maximum easily this year so I’ll have $6,000 in bills by December. In January the max out of pocket resets so I’ll have another $3,000 bill then. In the next 4 months I will owe $9,000 in medical bills. I’ll have this disease my whole life. I don’t know what to do. It destroys me financially. + +I max out my HSA but was planning to invest and save that for retirement. It also doesn’t seem possible to do now. + +If I ever end up in a situation where I don’t have health insurance it will completely wipe out my future. 1 month of my medication costs upwards of $10,000 and the procedures I need on top of it cost $30,000+ per year. + +Edit: I’m getting a lot of advice to move countries. Realistically everything I’ve ever known and have is in the US and as a software engineer my pay would be so much lower in those countries that i would have even less money. +I recently had knee surgery. In pre-op they suggested I purchase a [Don Joy Iceman 3](http://www.djoglobal.com/products/donjoy/donjoy-iceman-clear3), which helped. + +However, at rehab I discovered a [Game Ready](https://gameready.com/gr-pro-cold-therapy-unit/). I was blown away at how much comfort it provided. It’s priced for purchase at nearly $3k but can be rented for $150 per week (requires Dr prescription). I also bought a nice massage table for my home so I can more easily do my rehab at home. + +This was a total game changer for me. I recommend it to anyone having surgery. + +What other devices or aids does anyone recommend that might be appropriate for FATTIES? +>Apple stock has been on a tear. Shares are up 44% since January 3, adding over $290 billion to Apple's market capitalization. Yet Apple's revenue is expected to be down from the same time last year, and iPhone sales are expected to shrink as well. + +https://www.cnbc.com/2019/04/30/apple-earnings-q2-2019.html +Hey guys, so this is my first attempt at DD. These guys have been on my watch/buy list for a couple months, and had been trading sideways for a while. Now that they're gaining some momentum, I thought i'd share some of my research efforts. + +Disclaimer: not financial advice. I'm not even really gonna talk about the financials/price targets/TA/other bullshit. I understand products and medical regulation, i know fuck all about the stock market. i'm also typing this up on my lunchbreak so there might be some errors in my recall. + +&#x200B; + +**Imugene (IMU) - Who are they?** + +Imugene are a clinical stage oncology drug development company. They currently have 3 compounds in clinical trials, from P1-P2. Their primary focus right now is on B-cell immunotherapies. + +**Simple version:** + +The products they develop are in the name - they develop therapies that work with the immune system to target and expose/attack cancerous cells. They function similarly to vaccines, hence the naming structure of their compounds. + +**Jargon version (from their website):** + + B-cell immunotherapies link an immunogenic protein with a B-cell epitope and incorporate an adjuvant to produce a B-cell cancer vaccine that induces the body to produce antibodies against the normal self-proteins, such as HER2 or PD-1 (known as breaking immune tolerance). The antibodies produced following the vaccination are a ‘polyclonal’ mixture of antibodies that bind to different parts of the vaccine antigen. This makes them somewhat different to the monoclonal antibody drugs, even though they bind to the same target in the body. + +&#x200B; + +They are also developing an oncolytic virus which targets a broad range of cancer types. Put simply, the virus is developed to infiltrate and destroy cancer cells. + + +**Risks and red flags I personally look for:** + +I have a basic litmus test when screening oncology biotechs, that is centered around 3 primary red flags. This is more general information than specifically applying to IMU - + +**Single compound OR treatment:** + +Historical uptake and approval rates are not particularly kind to new oncology therapies. FDA historical acceptance rates for [new therapies are between](https://alo.mit.edu/wp-content/uploads/2020/04/DIAGlobalForum20190501_OncologyPoS_Full.pdf) 1-30% depending on study design (biomarked studies are pretty standard now, which brings historical averages up from 1-3% to 10-30%). I'm extremely cautious about investing in oncology companies that have a single product catalogue as a result. The numbers aren't on your side with a single product. + +IMU gets a big tick on this with 3 compounds in-study and a couple extra in development + +**Orphan drug designation:** + +Put simply, the orphan drug pipeline is a way for highly specific therapies that only target specific indications/diseases to get approved. It was developed as a way for drugs that would be dropped because of commercial non-viability to get to the market where it can help people. They also have much lower historical approval rates because they also generally receive governmental assistance, so they're really only picking the best candidates. + +Another tick for IMU. Their therapies have a pretty broad range and are targeting the more 'common' cancers that are around. + +**Buyout as the primary/only commercialisation strategy** + +This might not be a red flag for some. For me personally, it shows a lack of faith in the product's commercial future and although it's not a great analogue, it reminds me of house flippers - get a product, develop the product enough to make it shiny for prospective buyers and sell it. Again, **this is specifically a red flag for me.** + +Tick for IMU - they're prepared to take their products all the way through to commercialisation, even though they are anticipating partnerships as a path forward for their products. + +&#x200B; + +With that out of the way, let's look at the **products currently in trials.** + +**Basic info** + +Immunotherapies/checkpoint inhibitors are being explored by many different development companies across the world right now. They're an exciting new avenue in adjunct therapy (complimentary or enhancing compounds for current standard of care treatments), and monotherapies (candidates for new standard of care or highly drug resistant cancers). + +**mABs & pABs** + +I won't go into excruciating detail about these two acronyms, but to surmise the difference, **most** companies right now are developing mAB therapies, which are time consuming, expensive and require expertise to manufacture. + +Imugene's B-cell therapies are pABs, which are cheap and quick to produce (relatively speaking). It's also hoped that they will reduce side-effects commonly associated with mAB therapy, which includes inflammation around vital organs. This type of inflammation is what has caused so many medium-long term issues with COVID positive patients. + +Something that's important to note is that there's quite a few mAB therapies currently on the market, and just recently Merck got slapped **hard** by the FDA when attempting to gain approval for their drug Keydtruda, for monotherapy breast cancer. This has thrown into question the future of some mAB therapies, and big players may be taking a close look at alternative (but similar) immunotherapies for their monotherapy drug catalogues. + +# Recent Trial results: + +**Her-vaxx** + +Developed for: Gastric cancers + +Trial stage: Gastric P2, designed for chemotherapy and chemo + Her-vaxx for comparison + +Current interim results: (gastric) Clinical proof of concept confirmed. Median overall survival increase of 14.2 months for chemo+Her-vaxx. + +**What this means:** + +Gastric cancers are a bitch. They're also a huge market, as they disproportionately affect countries with low per capita wealth, or those who are in the process of moving out of their industrialisation periods (South east asia, India and Eastern Europe). + +Median OS is a standard metric for determining the efficacy of new treatments, and 14.2 is very positive. Essentially the average life expectancy of end-of-life advanced cancer patients is being extended a year beyond what you'd normally expect. + +Because of these results, the scientific advisory council (the IDMC) overseeing the study has seen fit to reduce the total cohort numbers, as the interim results are statistically significant enough. This is generally seen as very favourable for any drug going through trials. + +&#x200B; + +**PD1-vaxx** + +Developed for: Various lung cancers, combination therapies for PD-1 overexpressed cancers (breast, colon etc) + +Trial stage: P1, dose escalation for various lung cancers + +Current interim results: Big news just got released today. Mid-dose cohort deemed safe with no dose-limiting toxicities, one patient with a complete response (no more cancer), three with stable diseases and one progressing (getting worse) + +What this means: Toxicity issues aren't preventing them from progressing the trial to the highest dose, and the mid-dose was enough to stop cancers from getting worse, with one person probably thanking their lucky stars they got into the trial. Excellent results to move the trial forward. + +&#x200B; + +**Management** + +&#x200B; + +Not going to go into too much detail here, though they have experienced management, including Leslie Chong, who has brought two new oncology therapies to market previously, and Paul Hopper who has been at the helm of some pretty successful biotechs, including one buyout in 2018. They've been around the block, so to speak. + +&#x200B; + +**Other bits and pieces** + +They're well funded, and won't be needing cash for a while (\~30m cash on hand). Should cover their trial expenses for the foreseeable future. + +The current interest/momentum in IMU has most likely been a result of them announcing the presentations they'll be making at a large conference in the States on the 9th (US time). The study results and presentation paper are currently embargoed, but it'd be highly unlikely they'd be presenting their findings with bum news. There's a lot of big players that attend these conferences. + +Anyway, i've been typing for far too long. I'll be continuing to watch IMU with interest - they've got a solid set of therapies and are probably closer to commercialisation than just about any other (with a few exceptions) oncology company on the ASX right now. +MELVIN EVERYONE HATES YOU. + +Except me Melvin. I want to take you. I want to hold you. Melvin, can I call you Melv? No you're right... That's silly and you don't see me in that way. I understand. + +Even if you don't see me like that Melvin, I still want to get to know you. I still want to see you succeed. Even if I don't get to fulfil the feelings I have for you - I will always be here to make sure you feel loved and secure. + +Melvin, let's get on that rocket ship together. It won't be the rocket ship I envision - it won't be the rocket ship where I get to hold you. But the rocket ship that will help you see the stars. To the moon and back Melvin. Let's go see Mars and maybe daddy Tesla-Musk will wave at us as we fly by. That would be neat hey Melvin? + +I miss you Melvin. Don't listen to the haters. +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +*Please talk to each other so that people know to take the discussion to the other chat for daily off-topic discussion, and report comments that may need moderator attention. We will make attempts to politely redirect discussion, but will moderate further if necessary.* + +# 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) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. +> Initial claims for state unemployment benefits decreased 13,000 to a seasonally adjusted 222,000 for the week ended Dec. 21, the Labor Department said on Thursday. + +> Claims have been volatile in recent weeks around the U.S. holiday season and end of the year. + +> The drop in the latest week largely unwound a surge in new claims two weeks earlier that appeared to reflect a late Thanksgiving Day this year compared to 2018. + +https://www.cnbc.com/2019/12/26/us-weekly-jobless-claims-total-222000-vs-220000-expected.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +With a new portfolio of $200, I bought 130 shares of mmat and sold a $2 call, and collected 8 dollars in credit. Bought more shares with the credit. + +I feel bored but I’m happy that I’m not losing money gambling on options and am on the other side of the trade now. + +I want to eventually make enough to buy something cool like a Shelby GT500 or weld a go kart together and build it with an engine. Maybe I should invest in a rare fish. +Etoro do not allow their customers to transfer out, I am aware of this. Although I did make an attempt to transfer out for the sake of it. +I made a decision some time ago that I wanted evidence from Etoro that my shares have actually been purchased by them and allocated to my account. + +It is stated by Etoro that the shares you invest in are purchased on your behalf. + +Etoro were of no help when I requested proof of purchase. From Emails to the support chat page I am continuously told to refer to my account statement to view my purchase - I can’t count how many times I’ve explained to Etoro that this clearly isn’t what I am requesting. + +“Kindly note that, as explained before, eToro does not offer a certificate of ownership, we do hold all the Stock, on your behalf, as stated by our terms and conditions and agreed upon creating the account and regulated by multiple international regulatory Agencies that oversee every transaction performed in our system” + +I do not want a certificate of ownership, I want to see Etoros certificate of ownership. +I want to know for sure they have actually purchased shares for me, surely that’s only fair.. + + +So I chased up their regulatory agencies, after speaking to the ASIC, they explained I need to talk to an EDR (external dispute resolution). And I found one. (All of this is so new to me!!) + +I made a formal complaint to the AFCA and have requested they assist with providing proof of ownership or assist in transferring out of Etoro. + +This is something I have decided I am passionate about, others may see things differently. + +I was the smoothest of brains when I purchased back in January. + +Times have changed. + +A wrinkle was formed. + +Now I understand, + +DRS will always be the way. +My wife and I have been investing in rentals and fix n' flips for the past 7 years. + +I've been able to keep up with it as a side hustle, but it's becoming too much to keep on the side. + +What do I need to know and account for in going full time? The biggest change appears to be buying health insurance. What other advice would you give someone about to start on their own? +I live in Denver, the market has been insane. Every month homes are increasing as much as $60k in value. +https://www.westword.com/news/denver-record-home-price-average-800000-update-13807869 + +Im a first time homebuyer who started the process in December. I keep getting outbid by $55K+ on everything I put an offer on and each month rates rise and my budget has to decrease while homes get substantially more expensive. I feel like it’s a mad dash to buy whatever I can before I’m priced out completely which I almost am. + +I’ve been living in my friends basement trying to save up but feel my opportunity is slipping away. I want to move out and buy with my girlfriend but I honestly don’t know what to do. +We have an opportunity to move into a cheap apartment where I’ll still save lots of money but I feel like if I wait another year I’ll be priced out. +Here is the stats on us. +We make roughly $140k. Our budget is now down to $400k with an HOA below $350 as there’s almost no SFH at $400 or below. We can rent with friends and pay just $500 each for the year. I have $35k ready to put down and a 4 month emergency fund beyond that. + +Should I just give up the hunt of the house and live cheap and see if the market cools in a year and hope we make more? Should I just give up on Denver and move elsewhere? Im a bartender so cheaper places my pay would decrease? Or should I really try and buy whatever place I can? +Hi all, I've been reading this subreddit for a long time and I've been FIRE-minded for even longer. I've seen many posts recently mentioning the lack of new content in this community. In response to this, I'd like to share some of the ideas I've reflected upon in my FIRE journey that I feel are underrepresented in discussion. + +People are all naturally inclined to focus more on what (they think) they can control. This phenomenon is particularly noticeable in r/frugal, r/simpleliving, and yes, r/financialindependence. + +Deterministic decisions (changing your 401k contribution percentage, changing your asset allocation, choosing to pack lunches, and buying your toilet paper in bulk) are all easy wins and the effects are quickly observable. These decisions all provide satisfyingly short feedback loops, but the rewards are limited. + +On the other hand, decisions that are more multi-faceted, more complex and more open-ended, such as starting a business, constructing a framework for an optimal path to promotion, determining a strategy for job-hopping to maximize salary growth, and finding the outside continuing education courses with the best ROI, are generally pursued less as they are more difficult and unclear. However, the rewards can be much, much greater. + +If you really want to get to FI faster, I'm strongly of the opinion you need to spend much more of your time on the second type of decision. Rather than spending hours upon hours tweaking your FIRE model with "your-guess-is-as-good-as-mine" predictions and speculations, spend your hours at the library building the skill you need to get to accelerate your promotion schedule. Rather than looking at what coupons you can use for your next grocery run, refresh yourself on the opportunities in your industry with a networking session, a talk with a recruiter, or just a serious independent research effort. Rather than spending more than a few hours trying to save under $100, spend those hours constructing the path to increase your annual income by $5000. Rather than spending time retorting this argument lamenting about how your job is not meritocratic and that added effort will not lead to more income, find a job that is more meritocratic. + +None of these things are easy, I know, but that's the point. If you care about reaching the goal faster though, then do what is hard but right, not just what is consequentially closer and easier. This entire concept analogizes to the irrationality of being "penny-wise, dollar-foolish". + +I recognize that side-hustles are brought up from time to time as really the one idea that focuses more on the income side of the "raise income, cut expenses" FI mantra. However, I find that most of the time, these are inefficient uses of time if the goal is strictly income growth. They generally operate completely separately to one's main career, and as a result, it becomes very difficult for a person to make meaningful progress in either the career or the side hustle. I can elaborate more on my position on this later, as I don't want it to detract from the main point of this post. + +I apologize if any of this comes off as rude. I'm just passionate about this particular idea and I fundamentally believe it to be true. I frequently reflect upon how I'm allocating my time and I always strive to never spend too much of it on these "penny-wise" decisions. I know that if I continue to grow and develop myself in alignment with the plan I have for getting to the next level in my career, I will reach my FIRE goal much faster. FWIW, I went from factory work as a teenager, to multiple unpaid internships, to a good job out of college and eventually an upper 6 figure income. + +EDIT: Quite the response! Glad to see that we've got some fresh discussion going. I'll respond to you guys when I have time. I have a few other unconventional FI-related ideas that I'm excited to share with you guys later. +Happy days are here. I hope this a sign of GG taking the SEC in the right direction. So many things bubbling beneath the surface. It could blow at anytime. Let's go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (Forgive me if this is a repost. I was just excited.) [SEC removes auditor ](https://finance.yahoo.com/news/sec-gensler-removes-head-u-200018386.html) +Why does it seem like the vast majority of folks giving advice recommend contributing to a Roth IRA? Never any mention of the traditional IRA being an option and perhaps a better one given the individual's income/tax situation. I understand the benefits of the Roth, but just feel like people are giving bad advice in recommending it by default. Anyone else notice this or is it just me? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* 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! + +Long live /r/ethtrader - I really do love you guys and the sense of community we all build here. + +Preface: I watched the entire fight go down. I didn’t take part in it. There was hostility whenever someone would give feedback and it was just a toxic environment. I still really like and respect some of the mods who left such as JT, cutsnek, Adam, and I’m pretty upset at how this fight went down, and with their decision to (loudly) leave if I’m honest. I’m still kind of bugging them both to see if there’s any chance to reconcile and make reddit history and re-unify because I think that’s best for the ENTIRE ETH community. For us to be united and strong. **I just want to come on here and be part of the community with all of you.** Mod fights, fracturing the community, etc just hurts it all for everyone. Over the past few days I feel like I’ve been forced into a position where I have to push back on accusations against the subreddit and I am frustrated by that. But people are still asking for the “other side” of the story and I feel like a LOT of attention was given to the “mutineer” side but not a lot to the ethtrader side. + +Basically: Adam (mod) was an inactive mod and he asked if ethtrader would endorse a newsletter he is working on. Knowing Adam I bet his newsletter will be interesting, and we discussed if abit in the chat around if ethtrader should endorse projects or not. Carl (the top mod) politely told Adam that ethtrader really shouldn’t endorse personal projects of mods (conflict of interest) and Adam got kind of annoyed / angry at this. Carl noticed Adam was really inactive and this newsletter thing was kind of a final straw so he demoded him. + +Other mods were angry at this and wanted to talk more about it before the demod happened. Personally I didn’t mind too much because while I like Adam, he was really inactive as a mod in the sub. He also didn’t answer my question about if his newsletter was an open source community project or if he was the CEO of it etc (although to be fair arguing was pretty loud at this point). + +Anyway, I wont lie the mods who left argued like school children for a few DAYS in the chat. They asked for mine and Aminok’s feedback, but when Aminok looked for compromise bchuned was a real jerk to him. Called him different names including a snowflake at one point. Kind of confused how he ended up here but there was no way they would be receptive to feedback at all unless the feedback was to side with them. I wanted no part in it. Around then is when I stopped checking discord because quite honestly I had better things to do then read the mud slinging. + +At some point JT said something along the lines of “re-instate Adam or a few of us will leave very soon in a very public way” and Carl just politely thanked JT for his contributions to moderating and it seemed fine enough. + +Then I came online to the 6 mods doing the mutiny. I was instantly annoyed at them because they were using ethtrader to advertise for their own subreddit, and they weren’t outright lying but definitely they were telling the series of events with some bias. They also stole our (beautiful) theme and CSS! They call Carl a dictator for removing Adam, but... Adam was a really inactive mod who randomly came into chat one day and asked our entire subreddit to endorse his personal project, and he got mad when we said no.... I mean.... okay..... + +I stayed because I obviously wasn’t going to mutiny against ethtrader. Even if you hate carl, doing a mutiny so loud like that just winds up hurting the entire community and causing chaos. I now view the mutineers as selfish to be honest. They aren’t interested in trying to reconcile, and they jumped ship because they don’t like the hierarchy here.... but they have the same hierarchy at their new subreddit under DCInvestor. +TL;DR: Supportive, loving spouses and a great therapist are the best. Would highly recommend. + +**Edit for clarity: Yes, spouse is very happy I quit and is happier with his QOL after I quit. He'd been trying to get me to quit for over a year and is now quite pleased with himself for being proved right. We regularly go to couples therapy to keep tabs on things such as resentment and dissatisfaction. His current financial goal is to get me to spend more money on myself... Yes, he's crazy.** + +[**(Link to previous post dated 9/28/2021)**](https://old.reddit.com/r/financialindependence/comments/px5hks/85_years_of_tracking_collegegrad_school_working/) +Updated information is **bolded**, the rest is copied from previous post + +#**Summary of Family:** + +* Self - BS/MS Civil Engineering and ~~EI~~ **PE License**, ~~Structural Design ($72k Salary + Overtime)~~ **Funemployed/career break**, college paid for by scholarships + parents, immigrant parents fled communism and poverty +* Spouse - BS Computer Science, Front-End Engineer ~~($82k salary)~~ **($155k salary + RSUs/Bonuses)**, college paid for by scholarships and minimal loans, immigrated as a child to flee a different flavor of communism +* Dog – Puppy kindergarten, Dog (Kibble salary) + +We rent an apartment and ~~drive cars that are “hand-me-downs” from our parents~~ **car got totaled in a car accident (other dude ran a red light), so now we're waiting for our new car to be delivered, hopefully by the end of the year...** + +#[**Income/NW/Spending Summary Tables + Self NW Charts**](https://imgur.com/a/RJWaBE1) +[Annual Summary Table link](https://imgur.com/XoADAlN) +[2022 Spending Summary Table]( https://imgur.com/9zs671a) +[Self Investments Chart vs Contributions link]( https://imgur.com/lrQCBrw) +[Self NW Chart link]( https://imgur.com/3uyTe2b) +Notes: + +1. For NW calculation purposes, joint assets are split 50/50 and added to each individual’s NW. + +2. Low "Gross Income - Self" in 2022 is due to quitting partway through the year. + +2. Drop in "Single Net Worth - Self" in 2022 is due to moving pre-marital cash into marital cash intentionally to increase cash buffer while I'm not working. + +3. Total wedding reception cost was about $22k for 100 people. 100% worth it. + +#[**Growing Up and College/Grad School (2011-2018): (See Previous Post)**](https://old.reddit.com/r/financialindependence/comments/px5hks/85_years_of_tracking_collegegrad_school_working/) + +#**Self Working Full-time:** +Salary History (COL Index: 90.8): + $64k (2018) -> $65k (2019) -> $68k (2020) -> Switch Jobs, $70k (2020) -> $73k (2021) -> **$86k (2022) -> Career break, $0k (Present)** + +The differences between my salary and the income listed in the tables are due to overtime pay and performance bonuses. +My first job was extremely stressful and required lots of overtime to meet deadlines. I had multiple panic attacks or crying sessions after work, it was hard to sleep, I had to deal with a toxic project manager, my anxiety and stress levels were through the roof. Even though I loved my boss, I ended up switching jobs (thanks to the support of my SO for enabling this). I now work less overtime and have less responsibilities for slightly more salary, but it’s still pretty stressful. I’m still dealing with bad Project Managers, and we’ve been having some ridiculous deadline expectations recently. Currently working towards PE licensure. + +**In 2022 I got my PE license and a few promotions, hence the large pay jump. Unfortunately, work stress and bad project managers led to me having panic attacks at work. After I gave it my best shot to stick through it, talk to my bosses, advocate/make changes, and communicate issues, I realized that change was unlikely. Multiple other coworkers and mentors validated my observations and supported my efforts, some coworkers quit due to similar complaints, and after half a year of waiting I accepted that change wasn't going to happen. I also got the bad news that I was locked out of promotions for another 3-5 years, even though my performance reviews repeatedly said I was performing at a much more senior level and while I was performing tasks of a Project Manager on my projects. I looked for other jobs, but got offers for $60-70k for similar responsibilities.** + +**So with the support and strong encouragement of my spouse and my therapist, I quit. 4 years of panic attacks, long hours, high stress, relatively low pay, and slow/stagnant career progression convinced me to leave a career that I was passionate about.** + +#**Life, and where we go from here:** +For years my now-spouse has emotionally supported me through hard times and kept me grounded, and I’ve in turn helped him learn how to cook, develop a fashion sense, taught him personal finance, and develop his career. With him I’m [“building the life I want, then saving for it.”](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/?utm_source=reddit&utm_medium=usertext&utm_name=financialindependence&utm_content=t5_2t34z). He’s not entirely on the FIRE train, but he’s 100% supportive and on board with me working towards FIRE and I’m willing to be flexible on spending budgets so he’s still happy (as long as we max out retirement accounts moving forward). + +We split bills 50/50 while dating/engaged and now have fully joint marital assets. I track spending and manage the budgets and we do roughly monthly meetings to discuss finances. We spend our “boring middle” time training and spoiling our dog, taking expensive dance lessons, playing video games, **doing therapy, weight lifting,** and enjoying food. Currently saving a lot of cash to buy a house hopefully next year because our apartment is feeling pretty cramped with WFH. **2022 update: Still saving up cash, but waiting on me to find new employment before we buy. Apartment is still feeling kind of cramped, but we love it.** + +I recently connected my husband with one of my friends in the same industry, and thanks to that connection he’s starting a new job soon that will roughly triple his total compensation. This opens a lot more flexibility in our budgets and future plans. **2022 update: This happened and made my career break possible. Woo!** + +I’m pretty unhappy with my current career (work/life balance and compensation) and my career isn’t very compatible with people who want to be active in their child’s lives. So I’m back to looking for new job opportunities for better work-life balance and a better team, but if I can’t find anything that works, we can live off of my husband’s income while I study programming and try to switch to sweet tech money/benefits. Being in a relationship/married has greatly benefited both of us emotionally and financially, and is letting us take greater risks with careers moving forward that could result in increasing the family income. **2022 update: This is in progress. Somewhat delayed by dealing with mental health recovery (burnout, healing from childhood emotional neglect, setting boundaries with family, depression, and spouse getting diagnosed with ADHD and PTSD). We've spent $5k on therapy this year (out of network) and it's been worth every cent.** + +While it feels like I've been on the FIRE train for forever, I realize I've only been working full-time for ~~3.5 years~~ **~4 years**. We still have a long time to go, but we have a pretty good foundation for success in the coming years/decades. +Say for example 25k deposit on a 250k house and you're on a mortgage + + +The next day the house is worth 1m + +If you remortgage in that case you only own 10 percent of the house and remortgage so it means you have to pay the other 90 percent? Am I understanding this wrong? If you remortgage for the other 90 percent and the price went up then how would you keep up with payments even if rates are lower for the remortgage? Because you need the loan for the other 90 percent because you only own 10 percent right? So now I owe 900k instead of 225k? + +I'm sure I'm missing something because it doesn't make sense to me +$HEXO $OGI $VFF $CRON $TLRY $THCX $ACB $CGC $APHA + +***These securities are currently undervalued according to recent oversold trends combined with recent steady growth*** + +Recent reports speculated that cannabis will be a major key in the future debt crisis and fast tracking legalization is now on the table. + +The cannabis sector fell an average of 15% to 30% loss Thursday while only recouping an average of 5% gain on Friday. This leaves 10% to 25% minimal returns early this week. + +Good luck to all and good Fortune! +In Norway this is in the news about GME and DFV today📰 +They are in fact telling the truth to the people. + +https://finansavisen.no/nyheter/finans/2021/04/17/7657991/gamestop-guruen-kunne-tatt-60-millioner-i-gevinst-doblet-heller-posisjonen[News article](https://finansavisen.no/nyheter/finans/2021/04/17/7657991/gamestop-guruen-kunne-tatt-60-millioner-i-gevinst-doblet-heller-posisjonen) + +Google translated the text to English: + +The GameStop guru could have won 60 million - doubled the position + +The man behind the Reddit uprising could sell options and make quick millions, but chose to double the exposure. + +Keith Gill, the main man behind the shorts squeeze of GameStop earlier this year, just doubled his exposure to the forgotten game stock. +The investor, who goes by the nickname DeepF *** ingValue on Reddit and Roaring Kitty on YouTube, exercised all of his 500 options that expired on Friday. That gave him another 50,000 shares in the company at a strike price of just $ 12. +The GameStop stock closed at $ 154.69 per share. action Friday. Had he sold the shares, he could have earned more than 7 million dollars - almost 60 million kroner - on the bet. +As if that were not enough, Gill bought another 50,000 more shares in the company, bringing his total exposure to the company to 200,000 shares worth more than $ 30 million. +Gill's cost price is now $ 55.17 per. share, according to his own update on the Reddit forum r / WallStreetBets Friday. +However, the GameStop saga is far from over. The company is in the middle of a reconstruction and will take advantage of the price rally we have seen in recent months. In connection with that, the company has brought in Chewy founder Ryan Cohen as board member and former Amazon and Google director Jenna Owens. +Galloway is a sometimes controversial figure, but I find his writings thought-provoking. + +Today's "No Mercy / No Malice" dispatch is especially relevant to this community, so I thought I'd share: + +https://www.profgalloway.com/the-algebra-of-wealth + +Focus x Stoicism x Time x Diversification = Wealth + +I find myself agreeing with all factors. Anything missing? +This is my opinion after years of studying trading: + +&#x200B; + +You can choose support and resistance, and it will tell you an entire picture of its own, which can be traded well. + +&#x200B; + +You can choose oscillators of oversold and overbought, and they will tell you an entire picture of its own, which can be traded well. + +&#x200B; + +You can choose candlestick patterns, usually in combination with some of the above, and it will work well. + +&#x200B; + +You can choose trend lines, and they will work well, and give you their own picture. + +&#x200B; + +But if you combine any more than 2 or 3 those, on the same chart, they will all oppose each other and you will have absolutely no idea what to do. +Hey r/Forex I'm super happy my last thread had such positive feedback! I really appreciate that. Since it's the weekend the minds should normally be off the charts, but sometimes we just can't help it right. So I wanted to ask you guys what you struggle the most when it comes to trading. If a lot of people reply to this I might make a mega thread about all the questions and give some info how I do these things. Maybe there's something helpful for someone and then my goal is already achieved. :) +https://www.cnbc.com/2019/04/02/bofa-says-it-will-make-5-billion-in-mortgages-to-under-served-people.html + +The five-year program, called Neighborhood Solutions, includes grants for down payments and closing costs and mortgage packages with small down payments. + +"We know many of our clients want the power to own their first home, which can sometimes be challenging," said D. Steve Boland, head of consumer lending. +There was a cold going around the office. I got tested because it was the "responsible" thing to do. Now my insurance is trying to charge me $225. Fuck that. They can take me to collections. I wouldn't have gotten tested if I knew I'd be getting charged like this. +I'm trying to make ends meet by donating plasma, but I had my first appointment today and it was a disaster. I'm not afraid of needles, I'm fine with donating whole blood, hell I have tattoos and piercings. I just couldn't handle plasma donation. + +I ate 2 sandwiches before I left and tried to drink as much water as I could, and it was nearly 3 hours before I actually got into the donation chair. I was fine for 15 minutes, then I started feeling horribly sick and disoriented and faint. I didn't want to tell the nurse because I didn't want to be taken off the machine (because money) but I also didn't want to throw up on their expensive equipment either. They gave me some ice packs and fanned me for a bit, and I felt way better. Then, 15 minutes later, another nurse adjusted my needle by pulling it out a little because she thought it was too far in. I almost immediately grayed out again and came really close to throwing up on myself so I told her that I needed a vomit bag and couldn't keep going. I was almost 3/4 of the way done. + +I tried to activate the card that they gave me, because a nurse said in passing that I'd be getting the money, but the card isn't working and i can't bring myself to talk about it with them right now. I'm so heartbroken that it didn't go well and im trying not to cry so i don't lose the fluids and pass out again. + +Other than that, the clinic was really good and everything was easy, I just feel pathetic because i couldn't stick it out to make sure I get the money. +I work at a very large company in an entry level position with 1 year experience hired right after undergrad in the field I studied and enjoy my job 95% of the time. I make 50k a year with 5% 401k match in the mid Atlantic region of the US, and will get 5k a year in tuition assistance to start my masters next spring when I will be eligible. + +Unfortunately, my personal growth plans are likely not going to align with my expected growth at this company but there is a lot of stability in my position. I am able to live at home for now and save a decent amount of money but I couldn’t afford to live on my own if I wanted to on this salary + $1000/month student loans. + +I want to progress in my career but I just don’t know when the right time to make that move would be? I see people saying that I should just jump ship to make more money but I’m scared that the economy is going to take a massive shit soon and I could be trading stability for a more immediate pay increase. + +I know I’m only 23 and no one can predict the future but I just want to be able to make the most educated decisions for myself and there is a lot of uncertainty in the future + +Edit: a lot of great discussions here! I think from what I can take away from this thread is that I need to always be aware of what my best opportunity is regardless of recession or not. In my situation there is no job I would be able to stay in my state for it’s basically my company and that is it. So if I got a new job I would have to leave and get an apartment. I think it’s reasonable to assume I could get a job with a 15% salary increase but I would easily be spending more on living expenses. This thread has shined light on the fact that I am in a position that’s pretty good and I am happy with my job! There are a lot of intangibles and I am learning so much about the industry I am in and building a lot of professional connections. Truthfully I would love to spend a large portion of my professional career with my current company (and ALOT of my co workers have been here for 15+ years which tells me that there is definitely value at my current company even if I don’t immediately see it). + + I am professionally hungry and want more and currently my job allows me to be curious and learn but I know the pay ain’t getting much better any time soon but all I can do now is maximize what I get out of it and leverage that when the time is right. + +Edit 2: I also work in food product development. And I asked my co worker who been working here for 42 years the last time someone was fired was 9 years ago and they were huffing keyboard air spray cleaner so I really would say I’m safe. Additional in economic downturn people eat out less and buy more of our products so I would assume i work for a less risky recession based company. +Yes, because: + +1) **We are the Most under-built in the US since the 1970's.** This was because from 2007 to 2017, builders laid off 74% of their employees due to the competition of 5 million foreclosure sales which were selling at low prices and depressing home prices. + +Instead of following the law of supply and demand, too many follow prices and rents, which always are high during the entire real estate expansion. + +2) **Lowest Interest rates in 50 years**. Rates could go up, but low rates are fueling a real estate inflationary up-leg. + +3) **Lowest percent home ownership in 40 years at 64%.** It was at 69% at the peak in 2007 and fell to 63%, but has only risen to 64%. Usually rises at least 3% before a peak. + +4) **It takes weeks to sell.** Usually during a downturn, it takes months to sell. This is another indicator that we are still under-built. + +5) **No foreclosures.** Typically foreclosures rise slightly (around 1/20th of a percent) for 3 years prior to a peak. No foreclosures yet, so we are not yet at a peak in 2020. + +Normally Real Estate peaks like in the 1960's, Savings and Loan Scandals and SubPrime Loan crisis have **high rates and are overbuilt**. Proof that we are under-built is that in 2020, 60 million applied for unemployment but Real Estate prices went up around 15% nationwide. + +People tell me that I am wrong, that you have to have a job to qualify for a loan, but the dot com bubble and the recession of the 1970's and now the corona crisis all prove that if you are under-built, that real estate continues to go up in a recession with loss of jobs. + +It tends to be every other recession, where Real Estate bucks the trend and continues to go up (because we are not yet over-built). + +Alan +Partner and I make $170,000 combined located in Florida. After using a couple mortgage calculators and adding a 5% down payment, it says we should be able to afford like a $700,000 home, which would be a like a $4300 monthly mortgage. + +We currently pay $1500 in rent for a 1 bedroom apartment but with rising rent prices our unit (and similar comps) is now around $2,000. + +I would be comfortable with around a $2000-2200 monthly mortgage, which puts us in like the $350,000 home price. + +Is it crazy to think the mortgage calculator is way too high? +Let me premise this by saying I have never bought a house before and currently am unmarried. I live in Tennessee and they live in Indiana. I make 5k/month, they make 6k/month. My BIL has low credit due to his previous ex wife poorly handling finances with their home. Their home is worth around $225k. + +About a year ago my BIL recently tried to refinance his home in order to lower their interest rate. The company he switched to was a scam. He never actually sat down with anyone and only heard about them through a mailing offer he had received. Well they just took his mortgage payments, pocketed them. Somehow property taxes were funneled through this company and never paid to the state. The house went into delinquency and after 12 months the county decided to sell the property at a sheriffs auction. A new owner bought the house for 90k and has given my BIL & sister 90 days to either buy back the house or get out. Well because the house was in my sisters name, her credit is now screwed and my BIL needs about 15 points back before his now creditable mortgage lender will give him a loan. They basically want me to buy the house, they'll pay rent to me for 4-6 months or however long it takes for his credit to improve, then they buy the house from me. I'm obviously a little hesitant, but come from a very close and strong family and really want to help them out. + +Edit: First off, thank you everyone for the advice. I have a lot to think about moving forward. While I want to believe they wouldn't do anything to jeopardize my future, I need to cover my bases. I am having them forward me all the paperwork they have from the beginning and having them sit down with another attorney. I myself may even sit down with an attorney with the paperwork they have, but it'll be tough being in a different state. + +This is one of the hardest decisions I've had to make. I do love my family and would do anything for them, but need to be cautious moving forward. + +This is the first time in quite awhile if ever that the Chinese Yuan has gone below $6.90/USD. When it stays above its support of $6.90 is represents stability but it has gone right through its support tonight. + +All US Markets futures very red. +>Tesla has cranked up its Model 3 production in recent months, enabling buyers like Mr. Schmidt to get their vehicles after long waits. But as Tesla’s U.S. sales approach those of luxury auto makers like BMW AG and Daimler AG’s Mercedes-Benz, it has encountered new logistical problems, from delivery and servicing of a growing fleet to balancing supply and demand. + +>Part of the problem is that Tesla, unlike other auto makers, doesn’t have a network of hundreds of franchise dealerships to sell and service its vehicles. Tesla has long touted this as an advantage, giving it more control over the customer experience. But it means Tesla has to pay for service centers and to staff them. + +>Mr. Musk said Tesla has erred by storing service parts at distribution warehouses rather than more locally at service centers, noting a simple repair could take days waiting for parts to arrive. + +>He also has said on Twitter that he wants to bring more collision work in-house. Body shops are a low-margin business and come with high costs to stock the proper equipment and hire trained staff. + +>“It is going to be astronomical,” Dan Brennan, who has owned a body shop in Orlando, Fla., for about 40 years, said of the costs. Mr. Brennan stopped doing Tesla work about a year ago, frustrated with waiting on the company. + +https://www.wsj.com/amp/articles/tesla-is-cranking-out-model-3snow-it-has-to-service-them-11549810800 +Edit: mirror: + +https://youtu.be/VNYNMM0hXXY + +Pre-edit: + +https://youtu.be/-qGvPRX270A + +Just a reminder that you can lose everything... This hedgefund looks and sounds like it's closing its doors. This fund manager's speech is ominous. I hope he can move forward and same with the clients... +If someone saved enough money to live on investment income, could their descendants live off it indefinitely? (Assuming they don't spend the principle, reinvest to account for inflation, etc, of course.) + +Basically, a family endowment. + +Also assuming they only have one kid, or the other parent has an endowment too. + +Could an infinite line of people just live for free forever? + +That doesn't really seem to make sense, but I don't know why. + +What if everyone did that? + +Would that cause inflation, or...? + +Surely something must break. +Whenever he brings up the minimum wage issue in his blog he almost always frames it in a negative light. For example, [he says](https://gregmankiw.blogspot.com/2013/12/the-eitc-is-better-than-minimum-wage.html?): “Economists of all persuasions in the minimum-wage debate agree that mandated wage floors do a bad job of directing benefits to low-income families. This is confirmed in recent research by my graduate student Sam Lundstrom, calculating who would be affected by increasing the current federal minimum to $8.25 from $7.25. He finds that only 21.3 percent of the affected workers would be in poor families, while 30.9 percent would be in families with incomes more than three times the poverty line.” + +[Or here](https://gregmankiw.blogspot.com/2013/09/some-observations-on-minimum-wages.html?), where he reviews a paper arguing for the minimum wage and criticizes it for making unrealistic assumptions. + +[Also this](https://gregmankiw.blogspot.com/2021/10/two-ways-to-tell-story.html?), where he addresses Krugman’s pro minimum wage comment. + +I could give more examples but you get the point. So is Mankiw against the minimum wage? +Title. Suppose humanity spontaneously developed an extra nessessity alongside food and sleep: for example, the wearing of green fabric on their feet for at least 15 minutes a day. What would happen? Would the net effect be a positive or negative one? Thanks in advance. +Hi, I'm very new to economics, but keen to learn, so please bear with me if I say anything that seems resoundingly ignorant, and apologies if any of the following is basic knowledge. + +I've just learned about the Gini co-efficient, and how it measures the income inequality of a country. There's two ways of measuring the Gini co-efficient as I understand it: the pre-tax Gini co-efficient just measures income and wealth distribution based on market income, or what people earn. Not factoring in benefits, welfare, social security; also not factoring in taxation. In other words, the gross income. The after-tax Gini co-efficient measures income distribution in a country factoring in taxation and transfer spending, so in other words, what each individual is left with after they've received welfare and paid taxes. + +[According to this source](https://blog.datawrapper.de/weekly-chart-gini/), which uses OECD data from 2014, the difference between the pre-tax Gini index and after-tax Gini index can be large or small. For example, the pre-tax index in Finland was 0.5 in 2014, but the after-tax index was 0.29. The differences in Korea, Turkey and Mexico, however, were comparatively tiny - the pre- and after- tax indices were 0.34 to 0.3 in Korea, 0.42 to 0.4 in Turkey, and 0.48 to 0.46 in Mexico, respectively. + +So, based on my naive understanding of this data, it seems to me like Finland has done a great job of reducing income inequality through taxation and welfare spending. Whereas Korea, Turkey and Mexico have not significantly reduced their Gini index and therefore have not effectively used taxation and welfare to reduce income inequality. + +Now here's my question: is my understanding accurate in this situation? Does the difference between the pre-tax Gini index and post-tax Gini index have anything to say about whether taxation and transfer spending are effective ways of addressing income inequality? Or are there too many other factors here to make a definite statement just based on these two indices? + +Thanks for your help. +Let's list down the mutual funds or your portfolio. +We will have a look into each other's portfolio , will be fun and helpful . + +Listing down mine : + +Mirae asset India equity ( now large cap). , + Kotal multicap fund , + , Sbi small cap fund , + ICICI nifty next 50 , + Absl tax relief 96 + + +Debt and emergency: +Absl liquid , + Hdfc ultra short term + + +Also mention your rationale behind selecting the funds and goals attached if any . +Whether you celebrate Christmas or vehemently hate it (or, you know, neither), I would recommend buying a santa hat. + +I know it's not much, but if you wear it around, people smile at you and might talk to you a little bit more. With how hard everything is I think we can all use a little bit more happiness in our general direction + + +Stay safe and warm and very, very dry out there, folks +Thank you to all who contribute regularly here at /r/FinancialIndependence I first stumbled on this subreddit four years ago and have since committed myself to getting my finances in order. My wife and I married three years ago and I’m so thankful that we started our marriage with a strong foundation for financial success. + +Our savings rate has grown from 35% in 2016 to 42% in 2018. We are both 31 years old and our combined income is $95k. During this time, we paid off our duplex and moved into a single family house of our own. We also finished paying our modest student loans and her car payment. Most importantly, we welcomed our first son into the world last year. Although we are far from RE, I feel assured knowing that we have reached a healthy state of FI. Our assets hover around $350k (rental, 401k, IRA, and HSA) and we have another roughly $55k in home equity. + +Her parents recently purchased a small lake cottage an hour north of our hometown and we are excited to spend our weekends there this summer. This place will be the setting for many family memories. This past week, we made the most anti-FIRE decision I can think of and bought not one, but two boats. Personal watercraft, technically speaking. Although we paid cash and bought two-year-old models, we completely recognize that this purchase is pure luxury. + +That said, it’s only because of FI that we feel confident in our decision to splurge. We can afford this purchase, and while it may delay our other financial goals a bit and impact our SR this year, I know that the laughs and memories will be worth the sacrifice. I have my captains license and her family loves boating, so we know what we’re getting into with this purchase. + +Not sure why I’m even sharing this, only to remind others that there are goals outside of work and money and savings rates. When an opportunity presents itself, don’t forget the real reason why we save: to ultimately enjoy quality time making memories with those we love. +So Psychiatrist did not verify my insurance before our appointment. They say they don't take my insurance, my insurance says they do. Now the psychiatrist is asking me to pay out of pocket while my insurance is saying they can't do anything because they can't force the provider to use insurance. What can I do? + +Edit: I just got off the phone on a 3 way call between my insurance and provider assistant, and my insurance basically no bullshitted the assistant by asking for the tax number and another number and then confirmed 100% that they are in network and provided all the information, and that she'd have to put in a report if they still say they can't accept my insurance. + +Assistant ended up saying they called my provider and they'll use some "old system" to bill me, and the 3rd party verifier they use was adamant they weren't in network for me. + +They ended up complying and allowing me to pay my $50 copay. So either it was an obstinate assistant or just typical insurance bullshit. lol +There has been a lot of talk about the SEC meeting and whether or not it even took place, or whether there was going to be a ruling and how this will all play out. I think a lot of that confusion comes from people not understanding how the SEC works. + +First of all, the SEC doesn't need to have any sort of hearings or even make public its decision to declare Ethereum or any other coin a security. If they do decide, they will simply charge the Ethereum Foundation with a securities violation and then it goes to court. A "ruling" will only come after it plays out in court. + +The SEC has no obligation to hold any kind of hearings or have any kind of approval. They have full jurisdiction. They also have no obligation to make their findings public, and they won't. If they decide Ethereum is a security, they will not come out and say it publicly. The will simply contact the Ethereum Foundation, probably by mail, and inform them that they violated security laws and they are being charged. From that point it becomes a legal proceeding where the Ethereum Foundation can argue the case. This is how you will find out Ethereum has been charged. + +After that, then the SEC will probably put out a public announcement. But once again, this is all a case by case by case basis. They will not suddenly say all crypto is either a security or it isn't. + +Finally, I'm not saying the SEC will determine Ethereum is a security. But if they do, the above is how it will all play out. There will most likely NOT be a crypto wide announcement by the SEC. They will charge one or two projects with violations, then take it to court if the founders of those projects fight the charges. + +THIS IS NOT FUD. It's just an explanation of how the process works. + + +This is an update to [this post](https://www.reddit.com/r/personalfinance/comments/vekkvw/someone_used_my_phone_to_venmo_himself_money_from/) that I posted here about 10 days ago. After I realized I was scammed, I filed disputes with both my bank and Venmo. I got an email this morning from my bank saying that their investigation concluded in my favor and that Venmo has credited back the $2,000 that the scammer transferred out of my Venmo/bank account. I checked my bank acct right after I got the email, and sure enough, the money is back in my account. I also checked my Venmo account, which also showed that the dispute was resolved in my favor and the money was credited back. This is important because I read that if the bank decides to unilaterally reverse a transaction and take money back from Venmo, Venmo might decide that I owe them money and might even send the "debt" to debt collectors. + +After posting the initial post, I had very little hope that the outcome would be in my favor because so many people commented that Venmo absolutely would not do anything about it -- After all, I did voluntarily hand my phone to a complete stranger and I did not secure my Venmo app with a pin code/face ID (even though I still maintain that I did set a pin code/face id at some point, but somehow it was disabled). + +In addition to filing disputes, I also went to the police department to file a police report, and I sent a copy of the police report to my bank. I don't know if this police report contributed to the positive outcome, but in any case, I am glad that I did. +About 1 year ago my SO and I bought a cheap, ugly SFH in the Midwest. Shortly afterwards we learned about financial independence and how house hacking can give you a significant leg up on your savings rate. + +We bought the home for 142k and the market in our area has been very hot (could prob sell for 150-160k now). + +I’ve always been told to stay in your starter home for at least 5 years to “recoup” your closing costs, gain some equity and wait for the house to potentially increase in value. + +We’d love to buy a duplex in the future and rent out the other half. We’ve played with the idea of renting out our current extra rooms but neither of us want to sacrifice our privacy. We could potentially rent the house out for ~$1,350 which doesn’t even meet the 1% rule. + +What would you do? Sell now? Stay for a few more years? Rent it out? Love to hear your thoughts. Thanks! +I purchased my first home in a rural/suburban area of Maryland 24 months ago and am currently considering moving to the city, but I want to keep my current home (to use it as a rental property). + +I'd like to move to a home (in Maryland) in the city about 25 miles from my current residence. The property I'm looking to purchase is about half the size and half the value of my current home. + +Concerning the loan application, I would like to put 5% down with the new property being my primary residence. However, my lender mentioned that this would be fraud. + +The recommendation I was given is to declare the property in the city as an investment property (with 20% down) so that it doesn't raise any red flags during underwriting. My understanding is that since I'm going from a mid sized single family home to a smaller townhome that is half the value of my current home, the loan will likely not be approved unless it's an investment property. + +Declaring the property in the city as an investment property on the loan application significantly increases the cash I need to close, which makes the purchase somewhat undesirable. I'd like to keep my cash to close as low as possible. + +I'm new to real estate and real estate investing, so the intention of this post is to: + +1. Verify the validity of what I am being told +2. Help me understand why getting a loan on a smaller less expensive property as my primary residence and keeping my current home as a rental unit might be considered to be fraud +So the story goes back in 2016 my wife and I purchased an apartment off the plan for $469k in south west Sydney. We were both earning average salaries at the time - Me $65k / Her $45k. We were very excited to get into our first place and this purchase would fit within our budget at the time perfectly! + +Fast forward nearly 2 years to 2018 and the apartment is nearly complete and its time to get finance. Given this was our first purchase we decided to seek out the services of a mortgage broker to help us navigate the finance side of the transaction. At the time the interest rates were hovering around the mid to high 4’s and everyone we spoke to kept saying they were going to go back up any day now! (how wrong they were...). So we decided that we would pick a fixed rate for 5 years at 4.05% with ING and would reassess our situation at the end of that time. In addition to fixing the rate we also made another really rookie move and when asked how much of the loan portion we would like variable with a redraw facility I quickly piped in with “The smallest amount possible please!” Not really understanding what this meant at the time... I’ve come to understand that was a terrible idea. This decision left us with a redraw facility of only $30k of which is now completely paid off with exception of $1 which we’re required to have to keep the loan active. + +So here we are now 2.5 years into the mortgage and our situation has changed for starters we’re now on considerably better money than we were in 2016 - Me $150k / Her $65k. We’re in a position now that we would ultimately like to pay this loan down much faster over the next 2.5 years and sell and move down to the south coast. The challenge we have is that if we are to break the current loan we will be slugged $19k in exit fees by ING which presumably will be added onto the total mortgage amount. My thinking is that we’ll ultimately be better off overall adding the $19k on and switching over to a variable rate and motoring down the mortgage with additional repayments, however, before I do this I wanted to do what I should have done all those years ago and ask for some advice. + +I would really appreciate any advice / recommendations anyone is willing to offer here. +Hi all, to expand on the title I worked for a small company for a bit over three years during which that time I was underpaid dramatically. I just spoke with my accountant who has figured I'm owed roughly $69,000 - though due to the award changing and some of the recorded hours not lining up with what I was paid that's not necessarily the final number. Is there anything I should be asking him when I meet with him tomorrow? I'm already planning on asking about how it'll be taxed as well as super. + + +Does anyone else have any experience doing something like this? I'm expecting my previous employer to deny this figure, though he has already admitted to owing me a bit over $19,000 before tax. How does the process with Fair Work go? + + +Thanks all. +There seems to be much rejoicing in here that ETH will at some point take over BTC as the superior "coin". + +Apart from a place to hedge against BTC losses what are the fundamentals about ETH that make it a superior cryptocurrency that will have lasting staying power? + +Many folks mention Proof of Stake, Raiden and other jargon but I have yet to come across an in-depth explanation of what makes the ETH blockchain/software truly superior. Is there a reference text that dors justice to these concepts? + +Otherwise I wonder what is to stop someone from seeing this as just an organically growing agreement to create another currency for which we have the opportunity to be early adopters, a more drastic pump and dump, if you will? + +I don't mean this insultingly, I just want to get a solid foundation. + +Thanks for all insight that can be provided! +I see a lot of comments saying ditch RobinHood and go to Vanguard or Fidelity, except I never really see E*TRADE mentioned as a broker. + +Any specific reasons to not use E*TRADE? So the the UI is good and fees essentially non-existent. +This isn’t really the kind of thing that you can share with friends and family without the risk of stoking jealousy or worse. So I’m posting here just so I can tell someone else and maybe celebrate it just a bit. + +Cash: 130k +HSA: 20k +SEP: 250k +Roth: 180k +Rental properties equity: 240k +Home equity: 200k + +Figure I’m about halfway to FI. I like my work so really not seeking RE. Maybe “cut back early”. But that doesn’t make a cool acronym. +My 87-year old father is about to receive $600K in proceeds from the sale of a house he owns and has tasked me with investing it. While he has lifetime rights to this money, he is financially comfortable and it is unlikely he will ever need to touch it. Instead, he wants the money to be available as a back-up to provide for his 77-year old wife, in the event she required some sort of expensive long-term care AND had exhausted all of her personal resources. After that, it would be left to my sister and me. Bottom line, it’s highly probable this money never gets touched or, if it does, it could be years down the road, so I feel like we need to invest for growth. My father isn’t going to want to take undue risk, so is something like VOO with dividend reinvestment the answer? Should we DCA over some period of time? TIA. +When searching for potential value plays, what are some criteria you screen for? + +&#x200B; + +So far I search on Finviz for stock that have the following: + +* PE under 10 +* P/B below 1 +* D/E below 1 + +I'm considering searching for stocks that have institutional ownership under a certain percentage, or insider ownership over a certain percentage as well. + +&#x200B; + +Curious what others use as their basis to find value plays. +I just finished Dale Carnegie's Quick and Easy way to Effective Speaking, and before that I was reading Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds. + +Both were worthwhile. Carnegie has an easy style, not verbose, lots of stories, lots of substance. Fast read, but very worthwhile. Mackay's stories are also fascinating, but very wordy and a bit repetitive. I had no idea how many different Crusades happened during "The Crusades". Plenty of interesting history of financial and non-financial hysteria's alike. + +I'm currently on No Two Alike by Judith Rich Harris. So far it's very good, and easy reading. + +*What book you're currently reading, what did you recently finish, are they worthwhile, and what's in your yet-to-read stack?* +In recent rise of financial sector which maybe part of rotation but still I want to understand the relation between financial sector and increase interest rate; would that lead to more profit or less profit. +Also if we take inflation and possibility of debts that are not paid back would that be considered as a risk or possibility of more debts (ppl need more money) makes it worthy ? +Also how to evaluate Banks like (BAC) +And is it better to invest in banks or credit services (Visa). + +Thank you +Considering the extreme amount of money generated due to Covid, is there now a bubble due to those funds being blindly invested into indices such as the SP? + +edit: maybe a bubble that won’t pop but just cause lackluster returns +For the past year, I've wanted to create a small group to bring together a diverse group of people who consider themselves apprentices of value investing. The aim of the group would be up to the people who are interested, but I have several ideas: + +1) A monthly book that we not only read, but dissect chapter by chapter for understanding. This could be done in a shared Google Sheet for past reference. Having cliff note versions of books such as Margin of Safety (Klarman), Security Analysis/Intelligent Investor (Graham), Fisher, the Buffett Letters, etc. has the potential to be an incredible piece of IP. It would also allow for questions to be asked regarding difficult-to-understand topics that could serve as jump-off points for further conversation. + +2) A safe place to practice systematic due diligence and idea generation that can be critiqued by peers. While I love Reddit, I often wish for more depth in discourse in a community where the people come to know one another, if only by screen name. Furthermore, it would be a nice way to limit the people we see on multiple investing subreddits who are assumed to be pumping stocks. Guy Spier and Mohnish Pabrai often talk of how much enrichment they have gotten in life by investing their time in each other and fellow value investors. + +3) I don't know about yall, but the lack of friends/family in my daily life who are interested in this subject is basically zero. Ever read a cool piece of research and are excited to discuss it with someone only to realize nobody really cares at all? Same. + +&#x200B; + +If you find yourself interested, please feel free to reach out to me; I am willing to organize this and take ideas as to what this group could possibly be. I want this group to be inclusive but recognize that to keep the content high-yield, there will have to be some sort of inclusion criteria. Again, open to suggestions on this. Cheers. +Tl;dr I’m considering leaving a lucrative role at a PE firm to start my own fund, and unsure if I’m being wise or foolish... + + +Hi folks! Love this sub and am quite active here. Using a throwaway for this as I could likely be identified from my post history on my main acct. + +Some context: I, early 30s M, work at a very large tech-focused PE fund. I’m currently one level below partner. I make $625-775k per year cash comp. Another ~$750k of carry vests each year, but the ultimate value of that carry varies wildly (likely range is anywhere from $0-$1.5M / year depending on fund performance, which is volatile). + +Current NW including my unvested carry (6yrs to go) is $10M. Current NW not including unvested carry is only $6M. I don’t have any inheritance coming my way or a financial safety net other than what I’ve been able to build up myself (family is poor, I graduated with student debt, etc). + +I used to love my firm—ppl were nice, honest, hardworking, collaborative, successful. Unfortunately, things have changed over the last few years. Between new leadership, key ppl leaving, and bad actors coming in especially at the GP level, the culture has taken a nosedive. It’s becoming a toxic place to work. People (including senior partners) are lying frequently, stealing credit from others, and there are many free-riders who do zero work but play the politics well. I’m also not confident as to how the current and future funds will perform as I think our investment judgement has degraded alongside our culture. + +Anyway, my MO is to keep my head down and focus on work. But with all the politics, lying, and credit stealing, it’s no longer meritocratic and sr partners are even starting to try to steal credit for my investments. My personal investment track record is very good. I’ve delivered hundreds of millions to the firm in realized gains and my avg IRR and MOIC are like >50% and ~10x overall across all my investments. None of my investments have failed, all have either already delivered great liquidity/returns or are tracking to do so. My personal performance is considerably better than the firm’s. + +That said, the great things about my firm are the brand prestige, extremely stable high cash comp, extremely good benefits (the benefits are insane—concierge docs, everything is $0, etc., which is a huge deal in America where our healthcare system is f’ed up). I can also be pretty autonomous—I’m mostly trusted to set my own priorities and schedule which is nice. + +If I were to start my own fund, I’m confident I could raise a small pool of capital (~$50M), but not sure if I could raise more. Wouldn’t have to worry about culture (I’d keep the org small, probably 3 trusted ppl tops), and would be free to invest in companies I believe in without worrying about bureaucracy of getting investments approved or ppl stealing credit. And of course if things go well, I’d stand to benefit based on my performance rather than based on the feelings and politics of sr partners. FYI, I’ve had offers at other firms but I don’t rly want to go that route—generally, they’re mostly not much better places to work than where I’m at now. + +So, my dilemma is this: should I a) stick it out for 5-6 more years, hit >$10M vested NW and then fatFIRE, or b) leave and start my own fund, jeopardizing my chances of a fatFIRE but doing something I believe in and enjoy more? +Most of us have heard about the stories of your fortune being cut in half, the gruesome effects of a bear market, and the panic. The last few years have shown us the beauty of financial independence; now, we might be confronted with one of these tests of our nerves. + +This is just a friendly reminder: + +It seems that the time has come, where the market is (and might for a while) be taking a hit. The surrounding conditions (COVID-19) aren't really pretty, but keep in mind this is what we "read and studied" about, discussed, and ultimately "trained" for. Let the markets do their thing, stick to your plan, follow the rules your country has for the "surrounding conditions," and whatever you do, **do not panic. This is the roller-coaster ride we all agreed to join to have a happier life. Small-time changes in our surroundings shall not influence our long-time goal.** + +I hope this helps. +Planning to quit my job as soon as I hit my 5 years to be fully vested in my 401k. I will put my 2 weeks in the Monday after I have been with company 5 years, so I should be 100% vested. + +Anyone see any issues with this? Worried it might not show up right away in my account as I’ve heard it may take a few weeks to actually appear. +What's up fam? + +I just wanted to provide a quick update on the OTC data and some newly compiled ATS data. + +* OTC trades are internalized retail trades +* ATS trades are dark pool trades + +Without further ado: + +All information is taken directly from [FINRA OTC Transparency website](https://otctransparency.finra.org/otctransparency/OtcIssueData): + +[https://otctransparency.finra.org/otctransparency/OtcIssueData](https://otctransparency.finra.org/otctransparency/OtcIssueData) + +Please refer to The Cooks Keep Cooking the Books series for additional information and details on Robinhood and Dirvewealth LLC 'adjusting' their reported OTC trades 8-12 months after they supposedly occurred: + +[Volume 1 - Robinhood](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) + +[Volume 2 - Robinhood does it again](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) + +[Volume 3 - Robinhood and Drivewealth](https://www.reddit.com/r/Superstonk/comments/tdw59e/the_crooks_keep_cookin_like_nobody_is_lookin/) + +[Volume 4 - Featuring Drivewealth LLC adding 3 million OTC trades](https://www.reddit.com/r/Superstonk/comments/ulbfkx/the_crooks_keep_cookin_the_books_volume_4/) + +&#x200B; + +[Last OTC update](https://www.reddit.com/r/Superstonk/comments/utdn0v/the_otc_conspiracy_a_timeline_of_gme_data_in/) + +# Weekly GME OTC Shares traded + +This shows the total weekly shares traded OTC by Citadel, Virtu, G1 Execution, Two Sigma, UBS, Drivewealth, and Robinhood (and others) over the counter (as internalized trades from retail) + +[Highlighted are some of the high volume trading weeks. You're likely familiar with most of them.](https://preview.redd.it/2b5tmzdoj5d91.png?width=3558&format=png&auto=webp&s=21a7507474ba47346336e0a301f413922f0b26cd) + +# Weekly GME OTC Trades + +[Those OTC trades sure seemed to jump in January 2021](https://preview.redd.it/yqtpzsnwj5d91.png?width=3413&format=png&auto=webp&s=e266ec21a8f2a6d48a90c7f7540aef268842c59a) + +# Weekly GME OTC Shares/Trade + +[Big drop in January 2021, and a few weeks above 50 shares\/trade since then, mostly during large volume weeks](https://preview.redd.it/pdvqy7m4k5d91.png?width=3225&format=png&auto=webp&s=9bc375e6d665460a92e5f15888ca203fce5a0094) + +One of the main takeaways from this chart is that GME OTC shares/trade are slowly increasing. This likely is at least somewhat attributable to the DRSing of shares, removing them from the slimy hands of these financial criminals. + +# Weekly Range + +[Weeks with the highest volume were often the most volatile](https://preview.redd.it/kwuky156l5d91.png?width=2713&format=png&auto=webp&s=0f3984f09bf0b6030380833aaf1cf5a0a1569b79) + +If we overlay the Weekly Range and Weekly OTC Trades, it's easier to see + +https://preview.redd.it/htxbr67jl5d91.png?width=3262&format=png&auto=webp&s=70cb7d5dc773e089c54c5f5b0e170ae2027d948d + +# What about the Monthly Data? + +**Monthly OTC Shares** + +https://preview.redd.it/pcu6k9vxl5d91.png?width=2316&format=png&auto=webp&s=024d69b9ecfaf1851367b248902636d095694843 + +**Monthly OTC Trades** + +https://preview.redd.it/kiqz9y12m5d91.png?width=2318&format=png&auto=webp&s=6955193e51223d26af4a75cb89a25f96f0f09944 + +**Monthly OTC Shares/Trade** + +https://preview.redd.it/mrs8s9y4m5d91.png?width=2298&format=png&auto=webp&s=0bf42b741a24506880e691dcbaed1c4882b0b26a + +# How does this compare to other stocks? + +[Lol... still a pretty large gap between the entire OTC \(including GME\) and GME for these OTC participants](https://preview.redd.it/w95kroa9m5d91.png?width=3283&format=png&auto=webp&s=cd134818c66484567ea02691c574eae39f096c36) + +# Who is responsible for all this OTC trading? + +Let's use the monthly data since it's a little cleaner. + +**OTC Shares** + +[Citadel, Virtu, and G1 Execution make up 83.22&#37; of total OTC shares traded](https://preview.redd.it/j6276dtvm5d91.png?width=2243&format=png&auto=webp&s=a79ebdba5fdf3a0a6e04be5920566949e6607773) + +**OTC Trades** + +[Over 26.36&#37; of GME OTC trades were made by Robinhood, National Financial Services, and Drivewealth LLC at 1.00 shares\/trade](https://preview.redd.it/nnmxwzsgn5d91.png?width=2242&format=png&auto=webp&s=c9d4e787e9e09d041311b674e1339a4445f1e36c) + +# GME OTC Leaderboard + +https://preview.redd.it/aoyydyr5q5d91.png?width=1045&format=png&auto=webp&s=5140a81cd911a90ef0999b153b1a2be6f250c33e + +In all, **2,105,025,691 shares** were traded **OTC** over the past 100 weeks (**39.95%** of Total **(5,269,137,958**)). + +# + +# What about ATS (Dark Pool) trades? + +I'll use the Weekly Data because I have it and double-checked the maths. + +**ATS Shares** + +[UBS, Interactive Brokers, JP Morgan, Credit Suisse, and Two Sigma sit atop the ATS Leaderboard](https://preview.redd.it/wn315t2sn5d91.png?width=2254&format=png&auto=webp&s=e7cb6066b6aa2be8370119d5db91bfebf3c486a5) + +**Here's the Weekly ATS Data:** + +[Pretty much a scaled down version of the OTC data](https://preview.redd.it/j1zct6zho5d91.png?width=3563&format=png&auto=webp&s=0366b0d1a59c25988b1e0907134f97ecf12ae4f3) + +In all, **372,947,711 shares** were traded **ATS** over the past 100 weeks (**7.08%** of Total (**5,269,137,958**)). + +&#x200B; + +&#x200B; + +# Raw Monthly Data: + +[Citadel, Virtu, G1 Execution, Jane Street](https://preview.redd.it/0pytvmd6r5d91.png?width=1872&format=png&auto=webp&s=60a64c52642bbd4df4737cc8cbd21e2cbc9ca06c) + +[Two SIgma, UBS, RH, De Minimis firms, Comhar Capital](https://preview.redd.it/9qg11ivkr5d91.png?width=1868&format=png&auto=webp&s=768398ca9ffe904d3ab1ef5f83c6fb873e351e76) + +[Drivewealth LLC, Drivewealth Institutional, National Financial Services \(Fidelity\), RH, Interactive Brokers](https://preview.redd.it/9zh9t4djr5d91.png?width=1862&format=png&auto=webp&s=11483f47105c6aea7e4af62fddb607dde5537418) + +# Raw Weekly Data: + +https://preview.redd.it/itr1aofxx5d91.png?width=1726&format=png&auto=webp&s=981bef3bf7599a99efc712affe39e5bba73436df + +https://preview.redd.it/1sstaoe9y5d91.png?width=1826&format=png&auto=webp&s=1f5be9f04261c3f0695243fe9aa0c7388a37c0df + +**Raw ATS Weekly Data:** + +https://preview.redd.it/dvze2itg67d91.png?width=1868&format=png&auto=webp&s=ada0441e16ba516312081b59db25540bba50090c + +**TLDR**: These MFers have traded over 5.269 billion shares overall and 2.1 billion shares OTC (39.95% of total). One day, they'll have to account for all these counterfeits. Until then, enjoy purchasing some shiny new shares at a discounted price! +Approx $1.5m of that volume was in Facebook alone. Lost 6 cents per share on average. + +REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE + +[This is 800+ trades BTW \(in one month\). My broker has made several times more money than i have.](https://i.redd.it/fdsse07617i21.png) +I have retired on Friday. My wife has been retired for about three years. + +This post is a bit about our path, and a bit about our concerns. + +We came to the US in 1990-1991; I became a grad student here. I got an RA, and did not have to pay tuition; they even paid me a small stipend ($1100/mo in a VHCOL area). After graduation, I had a temp position for a year, then started to work for various hi-tech companies in a HCOL area. My wife worked most of the time (except for the last three years and after birth of our second child). Both kids are out of college now. They went to a state school, and we have paid for their education. + +Coming from a humble background, my wife knows how to save money. We are not materialistic, and do not care about designer clothes or nice cars. The only really expensive purchase was our house, which we bought exactly at the peak. It has not reached the original price, but we like it and are not planning to move. We were moderately lucky with our investments, but did not have spectacular returns. I came to US in 1990 with 30 dollars, my wife and daughter came in 1991 on money that I have borrowed. Given what we have now, we fared well. + +Now I am pivoting to reading, writing and teaching math. I observed the state of math education in US when my kids went to school, and I think there is a lot to be desired here. I am talking to a private school in the area about teaching an elective class there. (Public schools require a license.) + +In addition to 401k plans and IRAs we have some rental real estate. Altogether, real estate is about 2/3rds of our NW. We should be fine. Still, I am not very optimistic about SWR. Here comes a bit about our concerns, as promised. + +I am afraid that the common 4% may be too good to be true. Having a quantitative background, I've got various considerations to support this concern. I will not bore readers with my own rambling, but will quote a book “The Battle for Investment Survival” by G. Loeb, who in turn quotes another guy. Here is what Loeb writes: + +“Capital compounded at 6% doubles itself in money value in only twelve years, and at 5% in little more than fourteen years. The fantastic results of this process were illustrated by the late Frank A. Vanderlip in a *Saturday Evening Post* story of January, 1933. He pointed out that if the rich Medici family in Italy just six hundred years ago has set aside at 5% compound interest an investment fund equal to $100,000, its 1933 value would be $517,100,000,000,000,000 (five hundred and seventeen quadrillions). The original sum could have been represented by a globe of gold about nine inches in diameter, and the final figure would be 46 million times the existing monetary gold stock of the world.” The author proceeds to write that “There are many … threats, such as taxation, regimentation (including rationing), war, new inventions, political changes, and revolutions”." + +This argument states that the recent 7-10% returns of stock market indices may not be sustainable, universal or both. Both the productivity growth and the population growth have slowed down. It is hard to imagine that real returns of the stock market (after inflation) will beat these two variables on a continuing basis. + +We have selected a conservative approach and can use a withdrawal rate, which is lower than 4%. Being 58 also helps :-) + +&#x200B; +Wanted to get all your thoughts on this, I’m just kind of thinking out loud and would welcome a different opinion! + +Looking at ARKK annual percentile returns (via Morningstar, performance percentile vs peers): + +2015: 75th +2016: 98th +2017: 1st +2018: 17th +2019: 57th +2020: 1st +2021: 100th + +ARKK is selling themselves as alpha generators, but they don’t consistently capture alpha. In fact, These kind of swings implies that the fund has excessive risk not excessive skill. Market does well, fund does great; market does poorly, fund tanks. Leverage is totally fine but it’s cheap, especially these days. if they are just loading up on volatility then it’s not worth the management fee. You can get that on your own. + +Probably a lot of funds fall into this bucket…. +My wife and I have a toddler who is 16 months now. My family have been pressuring us to take him to Disney World in Florida pretty much since he was born. Growing up my family and I went to Disney World pretty much every year. We can afford to go, but I just feel like the amount of money for flights, lodging, park tickets, food, etc... is going to be completely wasted on a young toddler. Also, we want to save the vacation time for future children in the near future. I was thinking when he's 5 years old or more would be more enjoyable. + +We have the goal of being able to comfortably retire at 40 if we choose to, but when I tell my parents that I feel like they find it silly, and maybe even selfish. We do a lot of fun outdoor activities with our kid, and spend plenty of time with family. I'm proud of our lifestyle, and I think we focus on what is important and it doesn't even feel like any kind of sacrifice, but I feel a little bit guilty for not traveling with him yet and I feel like the pressure is increasing. + +Has anyone else faced this pressure? How did you deal with it, and how did it turn out? +**TL;DR** GameStop is done putting up with nonsense. Hedgies are fukd. + +&#x200B; + +What's up apes, I hope everyone is as JACKED as I am each and every day. This is my first time making a post like this, so please bear with me. + +I'll get straight to the point: I'm as smooth as they come. I FOMO'd in January and barely understand any DD's that are posted, but I figured I could try to be of some help. I'm a Technical & Professional Writing major and work in the world of writing, understanding, and editing documents 24/7. If I'm not jerking it to my GME shares, I'm splunging on business writing analysis instead. Enough about me, let's talk about fonts. + +&#x200B; + +I. **Typeface** + +A typeface is the design behind each written glyph \[character or symbol\] . This is going to include the weight (boldness) slope (italics) width (wide or condensed), line strokes, and many other factors. There are ***THOUSANDS*** of typefaces, but they are primarily categorized within 5 types. oldstyle, modern, slab serif, sans serif, and decorative type. Each of the 5 styles is vastly different from the others, so let's see those differences for ourselves. I will provide a description and photo of each category except decorative, because we have no need for that font style in this lesson. + +&#x200B; + +**Oldstyle** + +All of the curved strokes in the letterforms have a transition from thick to thin. This contrast in stroke is relatively moderate, meaning it goes from kind-of-thin to kind-of-thicker. If you draw a line through the thinnest parts of the curved strokes, the line is diagonal. This is called the stress—oldstyle type has a diagonal stress. Oldstyle typefaces are the best \[choice\] for extensive amounts of body paragraphs. If you are setting lots of type that you want people to actually read, choose an oldstyle. + +&#x200B; + +[Take note to what a serif is. ](https://preview.redd.it/tlzcm084du871.png?width=395&format=png&auto=webp&s=9646e64cfdac7333eab47b62307df805294d2945) + +&#x200B; + +**Modern** + +Modern typefaces have serifs, but the serifs are now horizontal instead of slanted, and they are very thin. The structure is severe, with a radical thick/thin transition, or contrast, in the strokes. There is no evidence of the slant of the pen; the stress is perfectly vertical. Moderns tend to have a cold, elegant look. Modern typefaces work well with headlines, titles, and headings. + +&#x200B; + +&#x200B; + +[Modern typeface](https://preview.redd.it/x24ccevrdu871.png?width=427&format=png&auto=webp&s=991ee981bed6cf97cc7820e0728bb62800353de0) + +&#x200B; + +**Slab serif** + +Many of the slab serifs have a slight thick/thin contrast and are very high on the readability scale, meaning they can easily be used in extensive text. They present an overall darker image than oldstyles, though, because their strokes are thicker and relatively mono-weight. Slab serifs are often used in children’s books because of their clean, straightforward look. + +&#x200B; + +[Slab serif typeface](https://preview.redd.it/q6yizzyzfu871.png?width=395&format=png&auto=webp&s=5676faf61d042353f6b8b2da37836158ed456c91) + +&#x200B; + +**Sans serif** + +The word ‘sans’ means ‘without’ (in French), so sans serif typefaces are those without serifs on the ends of the strokes. Sans serif typefaces are almost always ‘mono-weight,’ meaning there is virtually no visible thick/thin transition in the strokes; the letter-forms are the same thickness. The script category includes all those typefaces that appear to have been hand-lettered with a calligraphy pen/brush \[basically written\]. Sans serif typefaces work well for headlines, titles, and headings. Research shows that audiences find online text easier to read when it is set in a sans serif typeface. + +&#x200B; + +&#x200B; + +[Sans serif typeface](https://preview.redd.it/k2m0757igu871.png?width=428&format=png&auto=webp&s=c8fed7f1a68726eafc7cec4a4f5a6fc1ba4dfd82) + +&#x200B; + +**II. GameStop's Old Logo vs. New Logo** + +We all know, that over the last few days, GameStop has changed their profile pictures and cover photos on social media, and they all look pretty fucking sick. What changed though? Well, let's take a look. + +&#x200B; + +&#x200B; + +[Old Logo](https://preview.redd.it/47e312rqku871.png?width=1400&format=png&auto=webp&s=5521387b3317c6b63e1318b7483c5f3833d134b5) + +&#x200B; + +&#x200B; + +[New Logo](https://preview.redd.it/o5tzudoliu871.png?width=400&format=png&auto=webp&s=54cd84541b7f4f65ec2bedae64515e7e7e987296) + +So... the font itself never changed. The typeface for their logo, in my opinion, is modern. You can see the radical transition from thin to thick in most letters, but mainly in the 'm', 'e', and 'p'. Our change here is not the font itself, but the **BACKGROUND.** The difference between black and white backgrounds is drastic, especially for companies. White backgrounds typically indicate a relaxed, easy-going business. A black/gray background indicates a cold, serious, straight-forward, no bullshit written tone. + +We can go even further, though. Take a look at GameStop's newest cover photo. + +&#x200B; + +[Pretty slick, right?](https://preview.redd.it/8varorhcku871.png?width=1500&format=png&auto=webp&s=1373d89b533e1cc0f0a134b888e6cc502fc01b86) + +The typeface of their photo is different from their logo, which isn't that unusual. The typeface of 'POWER TO THE PLAYERS' is sans serif. + +Now, why is GameStop using sans serif? Well other than the typeface being easier to read online, sans serif is used by big companies that want to demonstrate a simple, no-nonsense attitude. The background color and font, in my eyes, are both conveying the same message of, "We're not dealing with bullshit anymore". + +For even more confirmation bias, you know what else uses this same typeface, color, and psychology? + +&#x200B; + +&#x200B; + +[Black Cards.](https://preview.redd.it/z5zss6aomu871.png?width=976&format=png&auto=webp&s=2347e12429159082626fd043cee694fe3cb9973c) + +&#x200B; + +GameStop is getting serious, and they're letting the world know they're done dealing with nonsense. +**UPDATE: Rules have been updated, as has the welcome message to new members. This post will remain up as a place for members to comment if they have concerns regarding the roll out of these new rules or of Mentor Monday. Thank you.** + +&#x200B; + +Our thanks to those who commented on the recent [State of the Sub](https://www.reddit.com/r/fatFIRE/comments/il7eul/meta_state_of_the_sub/) post. Based on your feedback, we will be making the following changes (marked in bold) to the r/fatFIRE rules: + +&#x200B; + +1.) Relevance + +Posts **should be specifically** related to the fatFIRE pursuit and lifestyle **- as opposed to FIRE at any level.** Discussing investment strategies, expenses, tax optimization strategies, cost of living, and etc. are all fair game. Please assign a post flair to your post. If one doesn't exist for your post, it's very likely that your post is not relevant to fatFIRE and risks removal. **Low effort posts may also be removed, as well as those posted across multiple subreddits.** + +&#x200B; + +**2.) Early-stage questions belong in Mentor Monday threads** + +\[Formerly No "How do I start/get rich" posts.\] + +This is a community for people firmly on the path to fatFIRE or already there. FIRE and leanFIRE members are welcome to lurk and ask questions in the comments, but are encouraged to spend some time reading the sub’s historic posts if they are looking for instruction or inspiration. + +**Posts related to the early stage of fatFIRE should be submitted as comments to the scheduled Mentor Monday posts. This includes career advice questions, ‘rate-my-plan’ posts and ‘can I afford XYZ?’ (Unless XYZ is a** [**submarine**](https://www.reddit.com/r/fatFIRE/comments/ih7bcx/annual_costbudget_needed_to_own_a_private/)**.)** + +&#x200B; + +3.) No judgement. + +\[As before.\] + +&#x200B; + +4.) Add verification. + +\[As before.\] + +&#x200B; + +5. Be courteous and positive. + +No insults **or** harassment. **Violators** will be **banned** at the moderator’s discretion. + +&#x200B; + +6. No solicitation + +\[As before.\] + +&#x200B; + +The rule changes and the first Mentor Monday post will come into effect on Monday, September 21st. Starting then, 'early stage' posts will (almost always) be deleted on sight. Mentor Mondays will be done on a trial basis, and these posts will not be stickied. + +Constructive feedback is appreciated as always. We will also be putting together a FAQ / rules post, and so please leave a comment if you have suggestions for what to include in the FAQ. + +Thank you for your support of r/FatFIRE. +I want to buy something I can hand down to my kids. My Grandfather invested in gold sovereigns. I was thinking about a vintage watch for each of them. But in reality I have no idea what might be a good investment. I have a couple of thousand each for two boys and will (hopefully) be handing down in 25 years or so. +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! :) +Obviously, if we see anything like the crash from earlier this year, most of them will be a bargain. But what specific stocks would you buy? + +I’m inclined to steer clear of travel stocks and financials. Delinquency a problem for the latter. Already pilled into travel and we may see some sort of change in attitudes to travelling. + +I’m probably going to jump in on consumer staples. Interested to hear what you’re all thinking if it does happen. +The market rebound reflects a belief that inflation has peaked and rates will go down sometime next year, an outlook Fed officials have tried to dismiss + +https://www.wsj.com/articles/in-high-stakes-inflation-game-wall-street-bets-the-fed-is-bluffing-11660830685?mod=hp_lead_pos10 + +The Federal Reserve says it is going to keep raising interest rates. + +Wall Street thinks it’s bluffing. + +This could spell trouble for both of them. + +Markets pummeled by the Fed’s rate increases in the first half of the year are racing upward. The S&P 500 is up 17% from its mid-June low. The yield on the 10-year U.S. Treasury note, which is used to help set rates on debt such as mortgages and student loans is down more than half a percentage point from its June peak. Even battered cryptocurrencies have jumped. + +For many investors, the rebound reflects a belief that inflation has peaked, and expectation that the Fed will shift from raising rates to lowering them sometime next year. + +A parade of Fed officials has tried to push back. “There’s a disconnect between me and the markets,” Minneapolis Fed President Neel Kashkari said last week. + +An expectation the Fed will start cutting interest rates in the next six to nine months isn’t realistic, Mr. Kashkari said. ***It is more likely the Fed will “raise rates to some point, and then we will sit there until we get convinced that inflation is well on its way back down to 2%,”*** he said. + +If the Fed follows that path, markets are likely to face a painful reckoning—one that could unwind much of the recent rally and extend what has been a tumultuous stretch for investors from retail traders to hedge funds to pension funds. + +“We think the market is getting ahead of itself,” said Wei Li, global chief investment strategist at BlackRock Inc. + +Rallying markets also make the Fed’s job tougher. Rising stock and bond prices have loosened financial conditions since the Fed’s June meeting. That works against the central bank’s aim to slow spending and reign in inflation by raising rates enough to tighten the flow of money in the economy. + +***“You need to keep financial conditions tight. That’s the whole point of this,”*** said Marc Sumerlin, a senior economic adviser to President George W. Bush who is now managing partner at economic consulting firm EvenFlow Macro. + +Any acknowledgment by the Fed that inflation is easing risks spurring further market gains. That could lead to even looser financial conditions, slowing the central bank’s efforts to tame inflation, said Jason Draho, head of asset allocation for the Americas at UBS Global Wealth Management. + +“Now, you’re sort of undoing a lot of the hard work the Fed has been doing this year to slow the economy,” Mr. Draho said. + +**Fed faith** + +To understand how the two sides got so far apart, it helps to look back. + +For decades, investors have put their faith in the “Fed put,” the belief that when markets fall substantially, the Fed will lower interest rates, purchase bonds or otherwise increase liquidity in the financial system. + +The belief dates to the 1980s. Federal Reserve Chairman Alan Greenspan was quick to cut interest rates during such upheavals as the Black Monday crash in 1987, the Russian financial crisis and subsequent meltdown of hedge fund Long Term Capital Management in 1998, as well as the dot-com bust in the early 2000s. By the time Mr. Greenspan left the Fed in 2006, investors had come to expect it would always be there to provide cover. + +For much of this year, the Fed put was in doubt. The central bank raised interest rates in March and signaled it would continue at a brisk pace to attack inflation, which had reached multidecade highs. U.S. stocks suffered their worst first half of a year since 1970. Investment-grade bonds posted their worst first half in history. + +Then came the unexpected. Investors started to believe the Fed would again come to the rescue, despite much evidence to the contrary. + +In June, the Fed voted to raise interest rates by 0.75 percentage point, marking its biggest rate increase since 1994—presumably bad news for the markets. But traders clung to Mr. Powell’s words at the postmeeting press conference. The Fed chairman acknowledged the rate increase was “an unusually large one” but not something he expected to be the norm. + +Stocks jumped, with the S&P 500 rising 1.5%. + +Then at a July 27 news conference, Mr. Powell tried to strike a balance between his earlier public remarks revealing concern about the strength of underlying inflation while also suggesting the Fed was eager for signs of improvement that the central bank won’t have to raise rates much above 4% or 5%. Wall Street interpreted him to mean the Fed was open to slowing down its pace of rate increases. + +The S&P 500 ended the day 2.6% higher. The Nasdaq Composite surged 4.1% for its biggest one-day gain in more than two years. + +Traders have pulled back from bets on inflation. The five-year break-even rate, a proxy for where traders believe inflation will be over the next five years, has fallen to around 2.6% from as high as 3.6% in April. Labor Department data this month showed inflation eased slightly in July but remained near its highest level since November 1981. + +Some of Wall Street’s top analysts have cautioned about reading too much into recent stock gains. + +Mike Wilson, chief U.S. equity strategist and chief investment officer at Morgan Stanley, is forecasting the S&P 500 will end the year around 3900, down 8.8% from where the broad index closed Wednesday. At Bank of America Corp., Savita Subramanian, head of U.S. equity and quantitative strategy, is expecting the S&P 500 to finish 2022 even lower—at 3600, a fall of 16% from Wednesday’s close. + +Skeptics of the rebound say that even if inflation turns out to be peaking, it likely won’t fall fast enough for the Fed to pivot as quickly as the markets expect. + +The Fed’s preferred measure of inflation—the personal-consumption expenditures price index—rose 6.8% in June from the same month a year earlier. That was far above the central bank’s target and the sharpest rise since January 1982. Investors will see the July reading later this month. + +“The market is still pricing more aggressive cuts than we think are warranted,” said Ms. Li, of BlackRock. “We see the Fed eventually pivoting on policy, but not as much as the market is expecting.” + +A challenge for both sides is that the Fed doesn’t appear to have confidence in its ability to accurately forecast inflation, which makes it difficult to predict when the central bank will stop raising rates. + +***“We now understand better how little we understand about inflation,”*** Mr. Powell said at a forum hosted by the European Central Bank in June. + +***Economists outside the Fed are divided over how aggressively the central bank should attack inflation. One camp says even if it falls over the next 12 months, it is likely to settle at 4% or higher, a level most Fed officials would consider unacceptably high. That would make it difficult for the central bank to lower rates to the levels that fueled markets in recent years.*** + +Some of these economists suspect the Fed isn’t being forthcoming about how high it believes interest rates will need to go for inflation to fall to 2%. + +Another camp warns that the Fed, embarrassed about waiting too long to pull back its support of a booming economy last year, will compound the error by tightening too much. These economists believe the current surge in inflation is the result of global shocks rather than an overheated U.S. labor market, which would require a much deeper downturn to bring down inflation. + +**‘Unpredictable beast’** + +Investor faith in the Fed put has strengthened in recent years. Markets slumped in 2018 as the central bank raised interest rates four times and investors fretted over the seeming end of easy-money central bank policies. As the central bank paused its rate increases and then switched to cutting rates the following year, stocks went back up. + +They tumbled again in March 2020 after the Covid-19 pandemic shut down economies around the world. They bottomed out within the month and surged after the Fed cut interest rates and relaunching its bond-buying program. + +“The fact that the Fed is very hawkish today doesn’t mean they can’t go dovish in a few months. That’s happened over and over again,” said Jim Paulsen, chief investment strategist of The Leuthold Group in Minneapolis. + +Yet in recent instances when the Fed eased rates, the central bank was having difficulty pushing inflation up to its 2% target. Investors and Fed officials were ultimately reacting to the same growth risk. With inflation running high, that is no longer the case. + +If the Fed holds tight to its plans, markets could be in for a tough ride. Earlier this year, Goldman Sachs Group Inc. research found the stock market had fallen at least 15% on 17 occasions going back to 1950. In 11 of those instances, the market only hit its trough around the time the Fed started easing monetary policy. + +Mr. Paulsen believes the case for further interest-rate increases has weakened. But he acknowledged that trying to predict how the Fed will respond to inflation in the months ahead is almost impossible. + +***“The reality is that right now, the market is enjoying the Fed put,”*** he said. “We’re all dealing with a very unpredictable beast.” + +--- + +Don't fight the Fed. Caveat Emptor. +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + + +- 🟩 120 minutes in: **$261.10 / 213,95 €** +- 🟥 115 minutes in: $259.70 / 212,80 € +- 🟥 110 minutes in: $260.19 / 213,20 € +- 🟩 105 minutes in: $260.68 / 213,60 € +- 🟥 100 minutes in: $260.25 / 213,25 € +- 🟩 95 minutes in: $261.17 / 214,00 € +- 🟥 90 minutes in: $260.80 / 213,70 € +- 🟩 85 minutes in: $261.59 / 214,35 € +- 🟥 80 minutes in: $259.15 / 212,35 € +- ⬜ 75 minutes in: $259.27 / 212,45 € +- 🟥 70 minutes in: $259.27 / 212,45 € +- 🟩 65 minutes in: $259.88 / 212,95 € +- ⬜ 60 minutes in: $259.76 / 212,85 € +- 🟩 55 minutes in: $259.76 / 212,85 € +- ⬜ 50 minutes in: $259.70 / 212,80 € +- ⬜ 45 minutes in: $259.70 / 212,80 € +- ⬜ 40 minutes in: $259.70 / 212,80 € +- 🟩 35 minutes in: $259.70 / 212,80 € +- ⬜ 30 minutes in: $259.33 / 212,50 € +- 🟩 25 minutes in: $259.33 / 212,50 € +- 🟥 20 minutes in: $258.79 / 212,05 € +- ⬜ 15 minutes in: $264.03 / 216,35 € +- ⬜ 10 minutes in: $264.03 / 216,35 € +- 🟩 5 minutes in: $264.03 / 216,35 € +- ⬜ US close price: $258.18 / 211,26 € + + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.22039922. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. +> Asked why India's bond market is not as developed as the equity market, he said PPF is one of the reasons why bond market is not developing. + +https://www.moneycontrol.com/news/business/rakesh-jhunjhunwala-bullish-on-india-growth-story-takes-dig-at-upa-regime-4484591.html + +How is PPF the reason for India's underdeveloped bond market? + +Can any one decrypt why he said so, and the logic behind? + + + +PPF(along with EPF) is one of the only safe place available for small and retail investors. Here are some earlier post related to PPF for the curious minds + +* [Did Rakesh Jhunjhunwala mentioned he have a PPF?](https://www.reddit.com/r/IndiaInvestments/comments/aofrv8/did_rakesh_jhunjhunwala_mentioned_he_have_a_ppf/) + +* [PPF investment is a must for every investor](https://www.reddit.com/r/IndiaInvestments/comments/9bb1tp/ppf_investment_is_a_must_for_every_investor/) +Wonder what you guys think? He is an engineer in his late 20s, with around a 400k portfolio, making over 100k a year salary in nuclear storage field. + +I told him congrats, now my stocks will go higher. 🤣 + +He said that's fine, he has some incredible gains and wants to make sure it stays that way! He will take another look at the markets in late winter/early spring. I congratulated him again and that was the end of our texts. + +I'm in dividend earning utilities, that honestly have not done that great. I also don't have near the kind of gains or money to risk losing. I know I'm not going to get rich off these stocks. Hell I'm not even beating inflation right now. Where I'm at in Michigan the Taco bell value menu is now $1.39...😱 + +I also know there's a significant chance there will be huge declines in the markets in the coming months. I personally could see a 20% down day and that would just obviously shock everybody to have them close the markets early, but to me it would make perfect sense with this economy and environment that we've been living in the last two years. The fantasy the Fed has built for America can't last forever. But it can go on a while longer. + +EDIT: + +This got way bigger than I thought it would. Nothing here has made me want to tell my brother to buy back in. I myself am still going to hold on because I said before, even losing all my stock money won't be a big deal for me. + +It is very clear from this post that many people will NEVER sell. The market has selected for this trait for decades and rewarded it big time, so it should not be a surprise. What is sad is how many people can't even imagine a situation where they should sell, because they have already decided they never will sell. Many just assume especially over a long enough time horizon, the market will ALWAYS make them money. I personally think this is a stupid thing to always assume, even knowing it has been true for decades for the USA. For other nations...not so much. + +Finally, I want to be clear, my bro is not trying to call a top in the market. He absolutely expects stocks to go up more. He simply has made enough money and for himself sees this as a good time to sell to lock in the gains he has. He does not need more stock gains, but the risk of staying in makes him nervous. Who can argue with that? We all know stocks take the elevator down. And so much bad news has been shrugged off. Eventually, that will all catch up at once. +Hi there, I’ve considered myself to be paid pretty average throughout my career so far (30M) in PR. I stayed at my previous employer for 5 years and only received a few 5K raises along the way. I just managed to secure a new job paying 30k more. + +Has anyone left their job recently and scored a significant pay increase? Seems like the job market is extremely hot at the moment. +Pretty straight forward. I'm living paycheck to paycheck. I've never been able to save more than $100. Anytime an automatic transfer was made to my savings account, I would transfer it back. I also have Wells Fargo, so anytime I purchase something, a dollar gets transferred to savings - only to be put back into checking. + + In December I decided to remove my savings account from my online banking. This does *not* close your account, it simply makes it inaccessible from your online banking. By doing this, it prevented me from logging in and transferring money easily back to checking. If I really needed it, I could go to the bank and make the transfer. + +Lo and behold, I learned to budget without the extra money and haven't touched a penny in my savings. Today I went to the bank and realized I now have over $500 saved. It feels so good and so surreal. I also feel *relief*. It's so stressful knowing that at any moment, my car could break down or something else could happen out of my control and I wouldn't have a place to start making up for it. + +Anyways, if this helps anyone, then I'll be happy. +I just cut up 3 credit cards. I'm a waitress and summers are hard so year after year I max out my cards in the summer then have to pay down in season. Vicious cycle. Today that ends!. Thanks for letting me share, I'm feeling a little shakey over this so I needed to vent and know I did the right thing. Now to set a plan of attack to pay these down, thats another day I guess. + +Edit: Just want to thank everyone who took time to reply and give me advice. I needed all of it. I feel empowered now! +For those who sold options on Tesla earnings, congratulations. It looks like we are going to see some textbook IV crush. + +I sold the 10/23 $370p. Probably will close it out at open. Curious to know how others will be managing their options. + +Edit: Glad to see that many of us sold profitable trades on TSLA. Like many have suggested, I will close this out if it reaches 80% profit today + +Edit 2: Update: Bought to close 10/23 $370p this morning for 92% profit. +For those who sold options on Tesla earnings, congratulations. It looks like we are going to see some textbook IV crush. + +I sold the 10/23 $370p. Probably will close it out at open. Curious to know how others will be managing their options. + +Edit: Glad to see that many of us sold profitable trades on TSLA. Like many have suggested, I will close this out if it reaches 80% profit today + +Edit 2: Update: Bought to close 10/23 $370p this morning for 92% profit. +For those who sold options on Tesla earnings, congratulations. It looks like we are going to see some textbook IV crush. + +I sold the 10/23 $370p. Probably will close it out at open. Curious to know how others will be managing their options. + +Edit: Glad to see that many of us sold profitable trades on TSLA. Like many have suggested, I will close this out if it reaches 80% profit today + +Edit 2: Update: Bought to close 10/23 $370p this morning for 92% profit. +Just another small little dichotomy that makes me chuckle and realize how fake the price is. Real news and growth will be suppressed in the price action and probably for a while… until it can’t be anymore. + +PS- we know the first fake NFT article was bs as it came out 10 minutes after the price surge in AH +I always knew that the average investor was too lazy to question the truthfulness (or accuracy) of the information available out there and run a quality check but the recent debate on Facebook made me realize that the average investor is even lazier than I thought. + +In the last few days I read so many posts and comments about the Apple's privacy changes and their impact on revenue of Facebook. For many, the best days of Facebook are behind the company. + +It's interesting how this issue comes up almost exclusively in discussions about Facebook, when among all companies that generate revenue from online ads (hey there, Google), it is the best positioned one in order to handle this change. Why? Because the feature **requires app developers to ask for permissions before they track people's activity across apps or websites they don’t own in order to target advertising to them** and Facebook, given the nature of its business, **still has access to an enormous amount of high quality data**. + +It's obvious that Apple's feature does not allow Facebook to harvest data as effectively as it did before, but you know, you can deny Facebook permission to track your data across apps or websites it doesn’t own as much as you want but if you then log in on Facebook (or Instagram, for that matter) to write a post about how good the Big Mac that you had for lunch was, you're still providing Facebook with a mountain of valuable data. + +Before Apple launched its new App Tracking Transparency feature in iOS 14.5, Facebook had complete control of its game. What about now that this feature is available then? Apple global smartphone market Share is about 30%. Of that 30%, 86% of iOS devices are running a recent enough version of the software to be presented with ATT prompts, according to an October report from AppsFlyer. Of the people who see the pop-up, **38% are still opting-in**, and 62% are opting-out. Being 100% the global smartphone market share, **only about 16% is using the feature**. Yep, the days of Facebook are definitely numbered. + +One of the posts that really stuck with me was the one arguing that now it's just about iOS devices but pretty soon also Android will follow suit. What makes you think that Alphabet, whose revenue is mainly derived from online ads, is rushing to provide Android users with the chance to "opt-out" if they don't want apps and websites to track their data? + +Also, to all those people who hate Facebook so much that can't help but write about how much they hate Facebook on every other social media (which, by the way, do exactly the same thing that Facebook does, just on a smaller scale), don't you find it a little hypocrite to hate that much Facebook for doing what it does with your data but have nothing to say on the companies (and I guess that only few would not make it in this list) that exploit those data to aggressively push for their products (hey there, Apple)? + +In all fairness, Facebook is nothing but a scapegoat, the real issue is the society in which we live. +Calling it now. 3 possible scenarios. + + +1. Carl has been quietly accumulating GME. Soon there will be anounment that Carl has taken substantial stake in GameStop. + + +2. Ryan and Carl are spinning off BABY from BBBY. Ryan sold off his stake in BBBY and photo with Carl may hint the acquisition is almost completed, pending official announcement. + + +3. Ryan merging GME and BABY with Carl taking substantial stake in the new business entity. + + +Not a financial advice. LFG! 🚀 +Good Morning Apes! + +So in this FTD clusterfuck we have been going through it should be noted that after today any FTDs from non-rolled futures contracts should be coming in. There is no precise measurement to accurately say how many FTDs this will generate and with CFTC no longer reporting swaps and forwards we cannot even determine the OI. + +But we do know that there is some evidence of the existence of GME futures (found by u/Zinko83) positions and many, myself included feel that these positions are used to obfuscate the true SI% on GameStop, and to maintain short/long positions on volatility. + +Many ETFs also use these futures contracts to balance their holdings. + +[https:\/\/www.thebalance.com\/what-are-futures-and-why-are-they-in-etfs-1214893](https://preview.redd.it/up5f62ehi9b81.png?width=714&format=png&auto=webp&s=931041a80ac8f3f34aa860e38d95f8972e2cfbab) + +Historically the 8-9 trading days between the futures roll and expiration date produce a significant spike in FTDs T+2+35c days later. Today is the first day of that period and while we cannot see the effects till the SEC FTD report is released for this period it is apparent that they failed to roll forward outstanding contracts in December. This same event produced similar effects last January 13th. + +These FTDs will pile on top of the underlying ETF and MM FTDs we are already experiencing. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream Clips.** + +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 Market + +That was some pretty serious capital thrown at keeping us under 130 into close. That amount of put buying and staying above 128 looks pretty good moving into tomorrow. With put spreads signifying bullish bets and IV skew continuing it's bullish trend, this doesn't seem like it will drag out much longer. If it was only GME I would say they could sustain this for a while but their attempt to keep the whole basket suppressed (as these same indicators are there as well), cannot be manageable. Thank you for tuning in, see you tomorrow. + +&#x200B; + +\- Gherkinit + +&#x200B; + +https://preview.redd.it/4e5s5wb4obb81.png?width=858&format=png&auto=webp&s=3f9ccf412bb99a80cff56da6fd7c8d09815b95a9 + +https://preview.redd.it/v73q1g0xnbb81.png?width=687&format=png&auto=webp&s=21b11f7e0a7294cc0935a0f752a487b8e8f673d3 + +Edit 6 2:04 + +large numbers of ITM puts being bought to prevent the breakout at 130 they are really fighting for it many of these coming in in the last hour. + +https://preview.redd.it/glnf3l1u1bb81.png?width=1167&format=png&auto=webp&s=7e34f03fa477a12ad5a5e28e81ea973cdd329fc1 + +https://preview.redd.it/p76izotx1bb81.png?width=1582&format=png&auto=webp&s=4f83a6df2a43900068eb332ded011964b7771f0d + +Edit 5 1:09 + +%day OI trend for GME thanks to u/Turdfurg23 + +https://preview.redd.it/9dq6qds7sab81.png?width=1411&format=png&auto=webp&s=371a98b3886ce9a44508891dd5e8cb029ca638c6 + +Edit 4 12:44 + +Just smashed through VWAP, yeah I know the volume isn't high but the price improvement is significant. If volume picks up a little bit we could see some nice upside on this bounce. + +https://preview.redd.it/5fpmz0jtnab81.png?width=1574&format=png&auto=webp&s=a0538774c6683a8a162b369dcf165429654213ef + +Edit 3 12:22 + +Low volume covering below resistance, same old same old + +https://preview.redd.it/k0akrwyqjab81.png?width=1580&format=png&auto=webp&s=e4322595d539e4697d7e7fc12076d8ecb6e4e251 + +Edit 2 10:50 + +A big drop along with XRT and the S&P, shares returned to Fidelity during the uptick and a fail to to break back above that resistance at 128. Call volume continuing to pick up. + +https://preview.redd.it/tehvhmxf3ab81.png?width=1567&format=png&auto=webp&s=dfa46672a1acb6428b8dd6e9bd2161924df75067 + +Edit 1 9:41 + +Borrow rate bumped to 0.8% for IBKR heavy short this morning, already not tracking with the rest of the basket. + +https://preview.redd.it/xhty6ev4r9b81.png?width=1561&format=png&auto=webp&s=7b719de8d0f0b29ba31a0f322aa309d1a7d45c79 + +# Pre-Market Analysis + +Nice uptrend starting in the premarket today beginning this morning, it looks like a big chunk of shares were borrowed from Fidelity so they my be getting ready to suppress any upside movement. A large chunk of the put walls were sold off yesterday relieving a bit of the downward pressure and retail /institutions alike continue to buy into far dated call contracts. + +Also CPI data this morning showing inflation at 7%, highest since 1982 + +Volume: 20.59k + +Shares to Borrow: + +IBKR - 45,000 @ 0.6% (25,000 this morning) + +Fidelity -109,890 @ 0.75% + +[GME 1m Pre-Market](https://preview.redd.it/dz63qi9ik9b81.png?width=1583&format=png&auto=webp&s=1d34e016ab361e479ec0f9d90b25c70948b21e7e) + +CV\_VWAP + +[Looks like arbitrage normalized in AH ](https://preview.redd.it/dg14hz5wk9b81.png?width=2454&format=png&auto=webp&s=bad68bb48d3d476736b9f838cf8ddda17353e9e8) + +TTM Squeeze + +Continuing to throw fire signals + +https://preview.redd.it/10y0m7e2l9b81.png?width=2457&format=png&auto=webp&s=c5ec60c32769978ebc834431aff3f916ff5d57c5 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +In 2013 the Cyprus government has closed banks and confiscated 6.75% from accounts with less than 100k euro, and 9.9% from accounts with 100k euro and above. + +If your government would do this to you, would you be upset and angry? + +You saved up money, worked your arse off for it, and here they are closing your access to it in one moment and taking a big chunk because of their incompetent failure to run a stable monetary system. + +Now imagine this happening to you EVERY YEAR. + +This is inflation. They have done this to you YOUR ENTIRE LIFE. + +They are taking from you without you noticing, and just because your government currency stays in the same amount, it doesn't look like you're actually losing something. + +THEY ARE SYPHONING YOUR TIME AND EFFORT. YEARLY, MONTHLY, DAILY. + +no need to be upset. what's done is done. + +opt out. own your time. +I’m new to forex and crypto. I joined crypto to make a fortune but too bad i went on a big loss. Anyways, i saw on instagram someone saying he could teach me forex and i can earn good money from it. But i know he’s just a scammer. + +- now I know where to start, from babypips. +But is that enough? Do I need anything else to read or watch? +- any tips for me and for my fellow beginners who are interested in learning forex? +- I really want to make this as a full time job and work for my self. +Your help is highly appreciated. +Thanks +Open letter to those who believe we can learn to be profitable traders for free. I have some points I think I need answered in this theory. + +&#x200B; + +Before I go further; I do not sell Forex education, do not know anyone I'd recommend and have no inputs what-so-ever on who would be good to pay to learn. This is not an advert, it just objective. + +&#x200B; + +We'll start by entertaining this notion that we can all learn for free (and we'll ignore the inconvenient fact that almost no one actually makes money even though this free stuff is there for all). So let's warp into a m alternative reality where most people can easily make money in Forex if they just read the free education. Put aside 100 hours, and you're set. All that's left now is picking out the colour of your jet. + +&#x200B; + +How does the market work? Oh ... that's right. Buyers and sellers. What happens when everyone know the same stuff and that same stuff is actually correct? Everyone takes the exact same trades. Seems legit, but wait a second ... who takes the other side of the trade? This is a problem, since we'd have to assume if everyone could learn for free, then everyone would and therefore the markets would reach a nash equilibrium. Like playing knots and crosses when both of you know optimum strategy, there is no way anyone can win or lose. + +&#x200B; + +So, if in theory we could all win with free education, we'd accelerate towards a point where no one can win. Seems legit. + +&#x200B; + +What would happen, in this magical world where we all know the right thing to do and no one has any edge at all? Would it be possible that there'd be some groups of large entities like banks that were able to notice everyone was doing the exact same thing? Do you think they will do the same thing when they know no one can win doing that? Does this seem logical? + +&#x200B; + +it's not logical. What is logical is they will trade against these positions. How would that happen? + +&#x200B; + +&#x200B; + +[Position Clusters](https://i.redd.it/7b33tpc4fhe31.png) + +&#x200B; + +In the above example we've all learned from our Babypips where to buy. Everyone knows this. So everyone does it. Price will start to move up. So if a bigger player wanted to profit here, they'd find it harder to get the price they want (or they'd get it first, meaning none of us get the price we want which also fucks the entire theory). They can do better just trading against you. It really is simple, because everyone has already laid out their easy take profit area. + +&#x200B; + +They can sell when all the mass positions start to push the market up and they can then dump this position into your stops. + +[Stop Grab](https://i.redd.it/48867h3tfhe31.png) + +&#x200B; + +Does this look like something actively happening in the markets day to day (Uh huh). + +&#x200B; + +How long do you think it would take for everyone using free same free stuff available (and the same free indicators in the same free trading platforms) before what the people using this free stuff do becomes stupidly predictable? How long after this do you think it would become useless because larger entities traded against these positions? Finally ... how long has there been free education for all. Are you getting the picture here? + +&#x200B; + +Parts of free education are useful. In the same way that learning about words and punctuation is useful to a person who'd want to write a book. However, what the free education theory is more akin to is all of us going out and copy/pasting the Harry Potter books and all of us selling as many as JK herself. Again, seems legit. We can all do exactly the same thing, but somehow (from who knows where) wee still find the same volume of people to be on the consumer end. I mean, they have their own Harry Potter books too, but they still go out and buy them .... from everyone. Does any of this sound logical? + +&#x200B; + +So my question is, for those who promote this idea, how does it work? Can you explain to me using the dynamics of how the market has to work (not just saying pointless things like "if you have to pay it's a scam") how it would be possible for us all to learn for free and then continue to profit from that? +Interesting approach to art market investing where you purchase shares in works of art. I currently hold crypto, investments in brick and morter businesses, this will be a small initial diversification. Interested to learn if anyone else here uses this platform? +In my 30s and done reasonably well for myself but I am sure there is an entire world to learn from and to avoid making same mistakes that others made. I am in my mid 30s and want to know what people in their 40s think are do's and don'ts when it comes to personal financial organization/planning. The advise could range from Risks ratio, Cash savings, insurance, personal/family budgeting, or anything related to financial well being that people in their 40s think made a huge difference to(both positive or negative). Open for people to add anything additionally. Let's make this thread the best thread for people in their 30s. + +Cheers +I would like to measure the growth of investment made in real estate. + +Is there an index available for the same? + +Assume, I am trying to compare the value of 1L invested in gold vs sensex vs real estate. The money is invested at end of 1979 and redeemed at end of 2021. + +Any financial planners here who have zeroed in on a reasonable measure of real estate in the form of some index? +Government sells Rs 1,150 crore worth enemy shares in Wipro. The proceeds would add to the government's disinvestment kitty. + +Generally, enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India. + +[et](https://economictimes.indiatimes.com/markets/stocks/news/government-sells-rs-1150-crore-worth-enemy-shares-in-wipro/articleshow/68733629.cms) +I present you a filthy image of a scientist and a journalist having a doggy-style sex: + + ■□□□□□□ + ■□□■■■■ + ■■□■□■□ + ■□■■□■□ + +You can encode the image above as 1000000100111111010101011010 in binary, which is 135525722 in decimal. + +If you check the decimal sequence using a Pi search engine (for example, on subidiom), you'll find that it appears at the 742,824,792nd decimal digit of Pi. + +So, yes, there is a pornographic image hidden in Pi! + +Theoretically, you can even find a full-length HD movie in Pi (but you need to know where to search). + +---------------------------------------------------------------------- + +So, how it’s related to Bitcoin? + +If you’ve missed it, there is currently a new FUD wave about porno hidden in the Bitcoin blockchain. Hundreds of media outlets are reporting about it, including the Telegraph. + +The idiots don’t understand that you can find porn anywhere, in every single piece of random data - if you search long enough, and use the right encoding. + +---------------------------------------------------------------------- +**UPD**: + +A lot of researchers in the comments are asking how to get some real porn using the mathematical constant Pi. It's actually quite simple: + +1. Buy several 8TB hard drives (the more - the better) + +2. Fill them with Pi digits (preferably the binary representation of Pi) + +3. Done! You're now a proud owner of some porn! + +But can you find an actual porn on those hard drives? Yes! + +Do a test: find some picture on the Brazzers site, compress it, and search for it on your Pi-filled hard drives. If you have enough of the drives, you'll find your picture. + +So, if you travel with the drives to, say, Saudi Arabia, and the border control searches the drives, they will be able to find actual porn on it, and you'll be arrested as a filthy porn-possessing criminal. + +Who would suspect that math could be so dangerous?! +If those are the vehicles through which GME is being shorted and substantial FTDs have mounted...then GME's effectively on the threshold securities list again. Just like last year at this time. + +I'm surprised not to have seen anything about that on the frontpage instead of all the "fake squeeze" bullshit. + +**Edit:** to everyone saying "oh, this doesn't matter because XRT only has 26K shares blah blah blah..." thank you for setting a new bar for smoothbrainedness. I bet you're the same wet towels who, during MOASS, are going to say "oh, the share price is $1 million...big deal." + +Fun fact about ETFs: *they can create shares of funds they hold out of thin air legally and do so in the normal course of operation.* Also, if multiple GME-holding ETFs are hitting the restricted securities list, that means whomever is shorting GME was only able to keep some of their positions off the restricted securities list--not all. + +This is a really big fucking deal and everyone who tries to downplay it is a shill. Don't like that opinion? Fight me. +I feel like this could be a really good topic to post on here every couple of weeks. + +Basically, tell us what additional income stream you have besides your 9-5 job. + +Try to be a little more specific, don't just say "investing" or "real estate" instead try to give us a little more detail so that we can learn. +Seriously, you think it's just you but if a million apes sell even one share when this hits $1000+ before we let it reach its potential then you'd just shot yourself in the foot (you = everyone who does this and everyone else too) + +This is what the hedgefunds want. + +This is all you need to get into your skull for the weekend. + +I'm not telling you what to do but just sharing some knowledge. + +Information is power let's fuck some Hedgies gamers 🧠🦍💎🙌🚀🌚 +And anyone telling you it makes no difference if it’s 220% or 1000% is either a straight up shill or stupider than shit. + +Their argument is that as long as apes hold it makes no difference. But with the real number, the over 1000% number, all the apes don’t have to hold for the diamond handers to get the sp to astronomical numbers. + +There can be a bunch of paper handers along the way, which will temporarily lower the price with that increased sell pressure at the psychological price points where msm and shills will go into overdrive making apes think it’s a good time to sell, but it won’t matter one iota for those that hold because when the paper handers are all out of the way si will remain well over 200%. + +This saga has become the ultimate narrative war because perception is reality when it comes to when we decide to buy and sell our positions. If the 220% short interest is taken as fact by the majority then when it gets to pretty high numbers and then starts to go down based on paper handers ringing the register, the decision on whether to hold or sell some or all of the position will be tougher than if the over 1000% short interest is taken as fact. So yeah, it matters. + +Every indication is that retail from around the world has done nothing but buy nonstop over the last six months. A large percentage of those retail holders already had a big position in January and never sold a share during the sneeze and its aftermath. The total float is only 77 million shares and sp was less than $100 for long stretches of this saga. The chart doesn’t act naturally. Huge red candles appear to intercept the green candles over and over again. That’s not retail. Retail is buying and holding. There’s no way daytraders, with the tiny positions they take, could have that much of an impact against the entire shareholder base holding its position and buying more every day. That only leaves short selling. + +It’s over 1000%. It has to be. It’s probably far more than 1000%. +My goal is to have $1 million invested to comfortably FIRE. + +I have $500k invested in ETFs. + +My employer requires me to work another 10 years to retire with a pension. + + My pension statement indicated that I have almost $500k (my contributions+company match+growth) in my pension account. If I were to quit tomorrow that $500k would be transferred to an account that I won't be able to withdraw from until 55. I am 45. + +Should I count my pension account towards my Fire number and be able to Fire tomorrow? +Hi Everyone, + +I’m new to the game of buying stocks. Just recently got into it this last month. Just want to make sure I have secure future. + +I’ve been reading about ETFs and looking to invest. Everything I invest in is for the long run. Not looking to make a quick profit (but hey if that’s possible too just let me know how lol). + +Anyone recommend a good ETF for a beginner like me? Any other advice would be highly appreciated. + +P.S. Was able to secure some $AMC last week and am holding! +[Over the last month, 3 months, and 6 months, Energy, Industrials, and Financial have been the top performing sectors (1,2,3 over 1 month and 3 months – 1,2,4 over 6 months).](https://finviz.com/groups.ashx?g=sector&v=140&o=-perf26w) + +Last week, the party may have stopped for Energy and Financials, as they were the #1 and #3 losers, losing -5.27% and -1.9%. **Do these sectors still have room to run? If yes, what's the 1 fund you'd ride? If no, what's the next sector you are watching?** + +||*Feb 2020 Peak Price*|*Today's Price*| +|:-|:-|:-| +|**Energy**||| +|XLE|**54.58**|49.53| +|XOP|76.84|**83.75**| +|XES|**66.80**|57.15| +|**Financial**||| +|XLF|31.17|**34.22**| +|KBE|45.82|**53.91**| +|KRE|56.22|**69.55**| +|KBWB|56.34|**62.60**| +|**Industrial**||| +|XLI|84.64|**96.47**| + +&#x200B; +So been steadily putting into money into ETFS since last year. However is anyone afraid of continuing investing if a recession is coming? + +I have no idea if it really is coming.... I just dislike telling people to invest if I myself have only seen negative for the past few months +After paying rent, I have $25 to feed my 4 kids for 6 days. My cupboards and fridge/ freezer are bare. How can I stretch this small amount and keep their bellies full? Their ages are 4, 6, 7 and 12. I've reached out to a local foodbank and can hopefully have a box delivered Friday. I am up stressing on how and what I can feed them when they wake 😢 Any tips would be helpful. Thanks and have a great Thursday 😉 +Trey Trades just got quoted out of context in a headline about AMC. + +It doesn’t matter what you think of him, or AMC, we have to watch what CNBC did to him and learn. + +The media aren’t our friends! Not most of them anyway. + +Mods, please freeze out any requests for appearances, comments, or anything else from media sources that are clearly against us. + +Freeze them out just like RC is freezing them out. +So I'm (29M) about to jump into the investing world for the first time with an initial $1000 as required by Questrade. I've been doing research and most people recommend ETF's like VGRO or VBAL which includes about 40% American stocks. I plan on putting my investments into a TFSA so I'm thinking I'd like to go all Canadian to avoid paying withholding taxes, then in the future buy US stocks (w/ us dollars from NYSE) for my RRSP which are safe from withholding tax. + +For my TFSA I was thinking of dropping about $500 each into some solid CDN companies Like TD, Embridge, RioCan and probably 3-4 other banks or power companies since I'd get $50 worth of free stock trades (not sure if it expires?). After that I was thinking of rounding this out with something like XIC which i believe is a total CDN market ETF with about 260 companies or VCE which has the top \~51 CDN companies then maybe ZAG which is a CDN bond ETF. + +In the end I'd probably have about 30% in 6-7 solid CDN stocks with high dividends that are definitely not going anywhere (banks, power), about 50% in XIC or VCE for some diversification and the last 20% in a bond ETF. Alternatively I might put about 10% in a real estate ETF like VRE to collect additional juicy dividends. + +Is this a decent plan or should I go VGRO to get some US equity despite the witholding taxes? I don't really have a plan other than I want decent divedend yields and to just put my money somewhere other than sitting in my chequing account. I plan on leaving these investments for at least 20 years. +Back in April, DFV tweeted [a picture of "Boy With Apple".](https://twitter.com/TheRoaringKitty/status/1379886701099814915?s=20) The next day, GameStop announced Ryan Cohen to be chairman. + +Today DFV tweets an edited picture of ["The Son of Man"](https://en.wikipedia.org/wiki/The_Son_of_Man) with Ryan Cohen edited in as the man, and the link between the two portraits, the green apple, now changed to the GameStop logo. + +All speculation is mine alone, but it was reported that Ryan Cohen had 6.2 million split-adjusted apple shares as of August 31, 2020. Could this be a sign that perhaps Ryan Cohen will be swapping out his shares of apple and going all in on GME with the help of those funds? As of market close his apple shares alone will equate to about 3.5 million GME shares. +As the title states I am quitting my job with a reputable Retirement Record keeper. +In essence I used to take alot of phone call regarding regular 401k accounts. + +I see alot of advice given on this board is not bad but in most cases where I disagree its just my personal opinion and in that case take it or leave it. + +I just wanna say So long as you are saving towards retirement I don't think it matters how you do it so long as you are doing it. By that I mean, Not stashing the money under your bed. + +REAL retirement savings is Discipline. Money Management. and a understanding of where the horizon is. + +Even the shittist 401k plan that offers no direct matching is still pretty decent place to park your money due to the options/ mutual funds available to you to invest in. Tax or not I do not see why anyone would not at least contribute some of their paycheck towards these. Even if you have a great pension. + +As for picking investment options in your 401k something I notice: I have seen people in default target date funds do just as well as people who micromanage the fuck out of their investments each day. If you want to change your investments thats fine. There are people who certainly do outpace the Default target date fund. But do not lament on the fact that you aren't switching alot or need to be outside the default target date fund. Saving is better than not saving. + +A mistake I often see is people treating their retirement plans like a savings account. People keep thinking "its my money so gimmie it" not fully understanding the limitations set by the IRS. Each day I have spent many calls explaining how it works and each of those calls I am basically cursed out on the phone. I never took a call personally because I know that Karma will get you if you are scratching at your 401k account that has less than 300 dollars in it. + +Another mistake is people not wanting to roll their money over but instead cashing it out because its a lower amount. I wish I could always say. "how do you think the people with tons of money start out?" +A rolling boulder gathers no moss. you have to start somewhere. If you keep cashing it out you will always be at base 1. It's a viscous cycle. + +At the end of the day I just want to say: COMMIT TO YOUR RETIREMENT THATS HOW YOU RETIRE. + +SPEND TIME EXPLORING YOUR OPTIONS BUT AT THE END OF THE DAY CHOOSE AN OPTION(S) + +IF YOU DONT START YOU WILL NEVER START. + +BETTER LATE THAN NEVER. + +also I think the Knicks are going to let everyone down this year. It's alot of hype but I feel like they will fuck it up some how. +Some ULIP plans like TATA AIA Fortune pro\~ **20.3%** , + + Aditya Birla Wealth Aspire Plan\~ **17.5%** , + +Max Life Online Savings Plan\~ **16.5%** + +Should one consider investing in ULIP plans? +In the last few years, Nippon India Tax Saver has under-performed its category (ELSS). On 1st July 2020, all the fund managers were replaced with new ones. The question is: how long should an investor wait to see if the new fund managers are able to turn things around? Few months? 1 year? More than that? +Information from recent ann: + +**Short Term** + +"Assays for KBDH-054, KBDH-050 from PAD6 and KBDH-021, KBDH-023 from PAD4 are now imminent." + + \- This means regular assay updates meaning the is short terms news incoming to bolster the SP + +Over 16,000m of drill samples (30 holes) will be assayed during the current quarter. + +\- This means again further tendies this quarter. + +**Long(ish) Term** + +"Further resource upgrade due in Q2 2021 supported by assays from all holes completed by 31 December 2020 at the Korbel Main deposit (PAD1-4, and 6)." + +\- This is the real rocket, where the resource upgrade according to the CEO is likely to be from 7-10 moz a very significant upgrade from the already high 3 moz inferred resource we have now. (This has already been added to in the recent ann). + +"PEA under preparation aiming to investigate optimal capital costs and mining and treatment alternatives at Korbel Main" + +\- preliminary economic assessment in preparation which should report a solid outcome due to the location of the resource site and the technique (heap leaching) to be used which is extremely cost-efficient. + +This is not financial advice. DYOR + +TLDR: Tendies + NVA on sale atm + (rocket emoji) (rocket emoji) (rocket emoji) +Happy Election Day!! + +This thread is for all your musings, thoughts, thoughts about thoughts or other demented ramblings regarding all things election.. + + +Try and keep it at least readable… + + +Try… + + +(Remember to head to the [meet-up post ](https://www.reddit.com/r/ASX_Bets/comments/us680p/asx_bets_meetup_locations_for_saturday_the_21st/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)for any communications about where to locate your fellow degenerate’s.) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +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). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /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/EKU2tVBp9u) +Based on mod feedback, with a few other PFT post by others getting taken down, wanted to start a proper post on PFT. + +PFT has been a bit of sleeper hit the last week, growing 10% day on day. Finished up strong today (13%) with the highest volume it's been all week (hit 1M by lunch, when it usually does under 1M a day). It's starting to come on people's radars. There's a very limit amount of shares issued (50M), once all the normies catch wind this will absolutely explode. + +You've all already seen the comparisons with NZS. WOA has also had a huge run lately, PFT and WOA (consumer staple) have very similar quarterly revenues and cash levels, but WOA has a MC of $120m (c.f. PFT at $30m). WOA only had $600k revenue last quarter (similar to PFT). + +Still plenty to come with PFT in their product roadmap, definitely still undervalued based on their projected revenue. Woolies rollout hasn't been fully realised yet, big acquisition potential, pate exporting license. + +Thoughts you dumbfucks? +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) Last ban length: 524288 days + +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/2sQBNuM) +Greetings Apes! My spaghettios were purple and I took it as a sign. + +A lot to talk about today, but 3 major things: + +* DRSBot and Scraper datasets converging +* What happened to 10/19's data? +* Holy shit today was crazy + +# DRSBOT Data + +Today, I got my hands on the DRSBOT dataset, and I cross-referenced it against the scraper's data... and subsequently found about 200 posts that were overlooked by the scraper. The way that I authored [computershared.net](https://computershared.net), I have the ability to "rewrite history", so that I can go back and add a post I missed from October, and everything will update accordingly (including average over time). + +It's easy to see how it's changed if we compare yesterday's chart to today's. + +&#x200B; + +[Average over time as of yesterday](https://preview.redd.it/g9896fl1m8481.png?width=1562&format=png&auto=webp&s=5f4f687de2c301cd734d22b4d5a8014d8eaf7114) + +&#x200B; + +[Average over time today](https://preview.redd.it/0nwia5c6m8481.png?width=1556&format=png&auto=webp&s=d929de962ac4c3855cbf1a0301b3aec845d77358) + +So please don't panik. I did rewrite some history; the chart has changed. The truth is, it's now more accurate. Yesterday, the sample size was 7.99%. Today it's 8.5%. That's a win. + +# 10/19's purple boner + +If you've looked at [computershared.net](https://computershared.net) prior to today, you've seen 10/19. It was the last bonkers DRS day. 82k shares counted. + +[Shares added over time as of yesterday](https://preview.redd.it/sqp2xpgtm8481.png?width=1562&format=png&auto=webp&s=59e55f1a93c4102da281462279eb2e5ebb3d364c) + +So what happened to it? It's been neutered? It's been overshadowed. This is fud manipulation?! lul + +[Shares over time today](https://preview.redd.it/cv4bty87n8481.png?width=1553&format=png&auto=webp&s=0dc79fbd45742a62596602850f7062ceff42cb4d) + +HOW DIS HAPN? + +This is an artifact of how I calculate shares per account. When an Ape posts a portfolio screenshot, then at a later date posts an updated screenshot, I DON'T COUNT the older record anymore. + +learn more about my methodology here: [https://www.reddit.com/user/jonpro03/comments/q7o6ra/drs\_infographics\_faqs/](https://www.reddit.com/user/jonpro03/comments/q7o6ra/drs_infographics_faqs/) + +So nothing was lost, it just moved. + +EDIT: I intend to fix this. It wasn't really ever a noticeable problem before, and in the end, the average is still correct... It just doesn't make sense charting it like that. + +# Today was BONKERS + +What more can I say. + +300 new accounts discovered today - RECORD + +Today's average shares/account: 329.51 - RECORD + +100K shares counted in 24 hours - RECORD + +Everything about today was crazy, and I spent hours and hours reviewing/auditing the data to make sure it was right. + +CHEERS APES! I'll see you on the moon! +https://www.bbc.com/news/world-us-canada-46706015 + +I read this one this morning and it brought me a smile. I have an immense amount of respect for what this guy did. + +I love this bit; he clearly practiced stealth wealth as a normal facet of life, spent his days doing good in a role that was important to him, and left the world a better place than he found it. + +"The frugal social worker bought his clothes at Costco, cut coupons and liked to take thrifty road trips for his holidays... Soon after being diagnosed with cancer, he told her that he would donate everything he had to charity upon his death."People will be surprised at the amount," she recalls him saying." +To cut a long story short, me and my dad have the same name and used to have the same address before I moved out + +I was with Halifax, him Bank of Scotland (before they became HBOS). I opened a student account years ago...been with the Bank since I was about 10 with a basic savings account. It’s been my primary account for my whole life really + +6months ago I walked into the bank to deposit money for the first time in years (do it all online) and they started looking at me funny...asked me my DOB and they said it didn’t match...They said the DOB they had on file for my was my dads one! They looked even stranger at me when they realised it was a student account. It was my signature on the account but his DOB. + +I then signed onto my online banking and went to the credit card section - I’ve never had a credit card but lone behold, there’s my dads two credit cards there, with me able to access and move money around as and when I wish + +He must have spoke to them recently and updated his contact details (mobile phone number) and now the contact number associated with the account is his and not mines! + +We’ve spoken to the bank about this about 4/5 times and every time they look terrified and clueless about what’s happened. We have no idea how and when it’ll be rectified + +I am also assuming we should be due compensation for this, but I was wondering if you had any idea what we could be owed, or what we could actually do to get it resolved? The bank want to try and pretend it hasn’t happened. +There's no question that what just happened with the DAO is the Mt. Gox moment for Ethereum. Yet less than 2 hours later, V Buterin & Team have identified the lost funds, we discover they already had a built-in a 27 day hold in as a safeguard, a softfork will lock them permanently from the thief's access, and they have a solution to reverse all the losses back to users. + +Not bad :) One thing is for sure - this will get Press/Media attention. The distinction between a Mt Gox failure and an Ethereum Solution/Success will be the angle. Good for Ethereum. + +Also - this was NEEDED!!!! Smart Contracts are new, and people don't understand the ramifications. This was a healthy wake up moment. Now things will proceed, but with more certainty, more safeguards, more awareness. + +And ETH is shooting back up erasing gains relatively quickly. All in all a good day and a great buying opportunity for some. Thats my take :) + +Congrats VB & Team! Thanks for protecting the flock :) + +Peace, +- david + +EDIT: typo corrections +Etoro do not allow their customers to transfer out, I am aware of this. Although I did make an attempt to transfer out for the sake of it. +I made a decision some time ago that I wanted evidence from Etoro that my shares have actually been purchased by them and allocated to my account. + +It is stated by Etoro that the shares you invest in are purchased on your behalf. + +Etoro were of no help when I requested proof of purchase. From Emails to the support chat page I am continuously told to refer to my account statement to view my purchase - I can’t count how many times I’ve explained to Etoro that this clearly isn’t what I am requesting. + +“Kindly note that, as explained before, eToro does not offer a certificate of ownership, we do hold all the Stock, on your behalf, as stated by our terms and conditions and agreed upon creating the account and regulated by multiple international regulatory Agencies that oversee every transaction performed in our system” + +I do not want a certificate of ownership, I want to see Etoros certificate of ownership. +I want to know for sure they have actually purchased shares for me, surely that’s only fair.. + + +So I chased up their regulatory agencies, after speaking to the ASIC, they explained I need to talk to an EDR (external dispute resolution). And I found one. (All of this is so new to me!!) + +I made a formal complaint to the AFCA and have requested they assist with providing proof of ownership or assist in transferring out of Etoro. + +This is something I have decided I am passionate about, others may see things differently. + +I was the smoothest of brains when I purchased back in January. + +Times have changed. + +A wrinkle was formed. + +Now I understand, + +DRS will always be the way. +I just got approved for the BitPay credit card so now I can use crypto with Apple Pay. Formerly I used Apple Pay for almost every transaction, save for when I (legally) purchased marijuana. Now, marijuana is my only reason to pay in USD. Funny how times change. +I own 50 shares of meta and thinking of making it a 100 to sell CC. I am interested in holding it long term, but won't be too sad to lose the shares. I checked the option calculator, and let's say i sell the 19 August option with strike price of 215$, the premium i get is 200$~. +Is this everything to it ? +Would be my first time dealing with options. +Seems Evergrande will enter default October 23, wondering if any one is closing positions, not opening new ones until after or don't think it will really affect the market? + +I'm personally going to close a few positions. Probably hold off opening new ones until after. Looking for others opinions on the matter + +[https://www.washingtonpost.com/world/asia\_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338\_story.html](https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338_story.html) +I am moving and was offered a great job in my new city. They told me they would honor either a salary or an hourly wage. I’ve never made a salary before. What’s the main differences? Should I prefer one over the other? + +Edit: wowza I’ve got a lot of reading to do. So many of you responded thank you! + +Some more info: this is my first “big girl job” I have been working in restaurants for eight years and am now looking to take a management position with a restaurant group that currently has three locations. I think my starting pay would be 42 or 43k but we haven’t discussed it fully yet and I’m 26 years old. +A Tornado cash developer is still in jail without formal Charges. + +SBF committed $10b fraud and is playing video games in the Bahamas. Which he is losing BTW + +Code is free sepeech, but it's said that money speaks so much. SBF and his connections are making him a free man. He lost billions but right now he is playing LOL (not a joke). + +We saw big support for the TC dev when he was arrested but atm there's not much talk about his situation due to market conditions and a billion dollar scammer is running around the bahamas. As a community we need to raise our voice to this kind of injustice if not we won't end up better than TradFi. + +&#x200B; + +You can sign the petition to free him here: [change.org petition](https://www.change.org/p/open-source-development-is-in-danger-take-action-before-it-s-too-late-opensourcenotacrime-privacynotacrime-freealex-freepertsev-freealekseypertsev?recruiter=1273998407&recruited_by_id=c9d665c0-1e0e-11ed-a893-69d333769675). Credit to u/BenjyMemeMan + + +[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!* +Ok, to the basics. + +I have my tenants pay rent online. Or a drop box. Most pay online. They also submit maintenance requests online as-well. + +I am doing a good job at laying low. + +The property is in my trust name and taxes paid by trust that I created. + +Any helpful tips to stay incognito? + +Thanks! +Links to previous discussion or materials are appreciated. I'm just trying to figure out what "fair" means before even approaching someone. + +Or alternatively... How do I find a legit property management company / full service firm, and how much should I expect to pay or receive? +Hi! I could use some advice on this situation please. My [F24] boyfriend [M23] agreed to buy out his parents leased vehicle without including me in the discussion. He expects me to make half of the payments on it, as he drives me around places. I don’t mind paying half, but I specifically did not want this car or a car from his parents at all, as they’ve been a real sour point in our 5 year long relationship, and anything they’ve “given us” they’ve also taken away. For instance, the last car with their name on it they had totaled out when they found out we moved in together, and we spent an entire month getting uber’s and rental cars to work. + +Since he agreed to buy this car out, we are responsible for the money in my eyes. His parents paid $12K cash on the car to buy it out, and wanted us to give them the payments for the car. As I already stated, I’m really uncomfortable with that situation. + +To buy the car out in full, we’d need to take a loan out for it, no doubt. We intend on giving $4K-$5K out of pocket cash, then financing the remaining $7-8K. My question is, if we do that, can we immediately bring it to a dealership to trade in on a different vehicle that we agree on? Or how would it work if we have a loan taken out, and try to do that? + +I’m really financially stupid on these things, but I know I don’t want to pay on this car for 4 years to his parents, and would rather just get a different vehicle. + +Thank you in advance! + +tldr; boyfriend “bought” a car without telling me, wants me to help pay for it. can we trade it in for a different car? + +Edit: Hi guys! Thank you so very much for all of the advice you’ve offered me, and all of the concern you’ve expressed. I really appreciate that there are still so many people willing to be kindhearted to a stranger in their difficult times. Speaking with my boyfriend, I set up a “boundary” going forward; I will not help pay for this car, and he will pay his parents one year of the cost of the car out of pocket, and then give the car back to his parents, who will give it to his sister. We felt this was fair because his parents really quite possibly wouldn’t have bought the car if it weren’t for him, although I don’t believe their innocence in all of this, seeing as they’ve caused a lot of turmoil in our relationship [he 100% caused all of the turmoil, but his parents opinions on me played a role as well]. We will both be getting our own cars, with the titles in our own name, no later than the end of February. We are looking at couples counseling, and emailed a few local counselors already. I’ve made it clear to him that if he can’t respect me, and anything even remotely close to this happens again, he will not see or hear from me ever again. + +thank you all again :) +Hello good people, + +I'm here full of shame asking for your help. Please be gentle, you don't need to put me down even more than I already am. + +For the past year I have been kicking myself for letting this happen but now it's too late and I want to fix this situation. + +&#x200B; + +I'm a live in nanny and I can't leave the current job because my employers are helping me to get my green card. + +Also, reason why I have a lower income than most live in nannies out there (in my area). I just need a hand on to make a budget or a schedule, + +Weekly take home is $650. + +Monthly bills: + +Sprint: $107 (iPhone forever thing, paying phone and bill together) (never again) + +car Insurance: $90 + +Debt amount, interest rate, minimum payment and due date: + +\#1 $143.18 - 20.04% - $16.68 - 12 + +~~\#2 $293.39 - 20.11% - $ 43.19 - 9~~ Paid off on Aug 26th + +\#3 $476.46 - 20.11% - $53.11 - 16 + +\#4 $1,048.53 - 20.11% - $120.50 - 5 + +\#5 $1,081.55 - 0% - $40.63 - 24 + +\#6 $2,970.21 - 23.24% - $35 - 16 + +\#7 $8,562.28 - 22.24% - $350 - 13 + +\#8 $9,098.48 - 13.19% - $228.53 - 1 + +\#9 $10,068.22 - 17.86% - $506.32 - 16 + +&#x200B; + +Absofu--ing ridiculous? Yes. How did I get here? I'm not sure, school, credit cards, trips. + +Am I now learning how to manage my money? Yes. + +I don't need to pay rent or gas, all I need is a small stipend for groceries for myself and my priority is to pay this off, so I'm ready for it. I can do it and I will do it. Thank you all. +I have 34k sitting in my savings right now. I’m 28, live at home, and don’t have plans to settle down in a relationship or move out anytime in the next couple of years. I’m pretty flexible with the amount I have currently and am willing to invest liberally. Does anyone have any suggestions? +I'm pretty late on the news but just read that 86 400 has been acquired by NAB for $220m. I don't bank with them, but I don't understand how they can be worth that much? Is it really just the app design? Is it their underlying tech stack? + +Each one of their 'key differentiators' are already market norms? List below; + +&#x200B; + +|86 400|Competitor| +|:-|:-| +|No fee banking|Every Big 4 and CU| +|NFC payments|Every Big 4| +|Great interest rates (2.19%)|1.99% and lower rates available at Aussie| +|Automatic prediction of bills|Commbank has this| +|Aus based call centre|All banks have this| +|Visibility of money across other accounts|?| +|Cool looking site / app|Commbank| + +&#x200B; + +What am I missing here? +Hi guys, so I'm 22M who has saved 35k in the past two years living with my partner who is 21 and her dad. She's saved 20k and we're hoping to save 100k together by the end of the year for a 20% deposit on a 500k home. (Obviously a bit more for fees, furniture, emergency fund etc) + +There's a few things I believe i want to rectify before we purchase to alleviate stress of repayments etc, but i'm not sure if i'm just overthinking it and being hypercritical of my financial situation. I guess this is a mindset I'm stuck with since I've come from a poor family lol. + +-Our income is still relatively low despite being very frugal. I earn $56k before tax in IT (3rd year in a Lv.1/2 helpdesk role) and she earns $42k in retail. Would it be worth to continue maximising our deposit while we aim to upskill and increase our income until we're comfortable? + +-I drive a 17 year old Honda Accord Euro which is running FINE but I'm worried it'll shit the bed when I buy a house. Is it worth buying a relatively newer second hand vehicle at this point, or aggressively save for the home deposit? + +I guess I just need some guidance/reassurance. I'm still relatively young so I don't want to make arguably the biggest decision in my life and not be 120% prepared for it. Thank you so much! +If I spent $24,000 in a year on a combank card and get the points transferred to a gift card then it yields $120 which is sounds terrible. Are there any cards or ways to make credit card points actually worth the bother? +Today I learned that retirement account and life insurance beneficiary designations usually supersede any designations you have in your will. + +I wrote a will a few years back when I bought a house, and I assumed it covered my entire estate. + +I was wrong. + +I checked my retirement account beneficiaries today. I opened one of my IRAs 20 years ago before I got married and had kids, and I had never changed the beneficiary on it. All that money (about 450K) would have gone to the wrong person if I had died. + +Check your beneficiaries, y'all, especially if you get married (or divorced). +I'm early 30's, single, US based. Made my money in real estate. I'm not all cash, have stock options etc. but want to divest. It's a difficult decision with how monetary policy, economy, asset pricing etc. is looking. Not looking for huge risk / returns. + +Broadly looking for tips, advice, percentages you would allocate, how much cash you'd hold etc. There's lots of broad advice but I can't find that much about entering the market late cycle. +Friends of PF, + +I've stalked this sub for months and posted some replies every once in a while as well. I figure that I will make my first OP about something super exciting. + +Today, I called my bank to get the exact payoff amount and made a payment in full for the balance of my wifes and my only auto loan. At 24 and 25, respectively, we now have two cars worth roughly $38k collectively and now have $362.41 more a month to do what we want with (sadly snowballing it into student loans for a while). + +Wondering if I should call my insurance company and see if i can get a lower rate once I have the title in hand? I can remember certain policy questionnaires asking for vehicle status, but I'm not sure if my rate would change at all? + +Thanks all for the inspiration and help I have received while lurking in the shadows of this sub. + +**Edit 1:** No intention to decrease coverage, just curious if the premium amount itself drops as a result of no longer having a lien. However, I have enjoyed the amazing perspective from all of y'all on ins and outs of insurance. + +**Edit 2:** I am bad at grammar. + +**Edit 3:** Current value of our vehicles is $35,900. + +I am a recovering ape and very new to thoughtful investing vs yoloing meme stocks, so bare with me: + +So I am now "working the wheel" and selling my CSPs and CCs. + +I see the rule of thumb come up again and again that 30-45 DTE is where a lot of you like to sell options, but why not weeklies? + +Weeklies pay a lower premium, sure, but the premium on six weeklies would beat one 45 day option, right? Plus you would have the flexibility to adjust week to week on your strike price. + +What am I missing here? + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +Same as above + +Laws set to force banks to have local ATMs https://thismon.ee/a/851529 + +Think this would help those who are heavily reliant on cash, like the elderly, disabled etc. + +Edit: https://www.thisismoney.co.uk/money/markets/article-8515291/Laws-set-force-banks-local-ATMs.html +[YouTube link](https://youtu.be/ITeiFwJlGGI) + +TDLR: The problem was never naked short selling but rather failure to deliver because they can naked short all they want but they will need to settle within two business days. Since they can just keep screwing with the ftd, they can short as much as they want because they aren’t forced to deliver the shares. + +My thoughts are citadel will eventually be forced to cover cuz after each ftd cycle, the floor is slowly rising and eventually they will run out of cash. Buy and hold 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💎🙏 + +Edit one: I am not saying Moass is gonna take a decade by rather I wanted to point out how bad the situation was in 2008. Just look at Jan, March and June, they are trying their best to drop it under 350! So we aren't that far from the endgame. What's behind 350 Kenny? Just buy and hold💎✋🚀🚀🚀🚀🚀 +Polychain Capital CEO on CNBC right now commenting about Bitcoin, blockchain and how **he was paid in BTC** ~~by~~ when he worked at Coinbase but moved ~~it~~ **his holdings** all to ETH. +If I get a HELOC at say 2.5% interest and I invest in banks whose dividend yields are all but guaranteed (IMO) to remain at least higher than my interest rate for the foreseeable future, what is the downside to this plan? + +I must be missing something! What is it? + +EDIT: Love this sub. Thanks for all the great insights. Lots for me to think about. Not as clear cut as I thought. +Guten Tag to all of you Great Apes across the world! 👋🦍 + +Yesterday the German markets led with a surprisingly strong push to $219! Diamantenhände HODLed strong, leading to ridiculously low volume and another sideways day. Reverse-repos set a new record - with them usually rising in the last week of a quarter, we may see the first trillion-dollar day soon. Banks have boosted dividends in a move very similar to what they did ahead of the 2008 crash, and another brokerage platform has given a peek behind the curtains. Let's see where the German markets take us on the last day of June! Join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$210.13 / 176,38 €** +- 🟥 115 minutes in: $213.35 / 179,07 € +- 🟥 110 minutes in: $214.16 / 179,75 € +- 🟩 105 minutes in: $214.18 / 179,78 € +- ⬜ 100 minutes in: $212.16 / 178,07 € +- 🟩 95 minutes in: $212.16 / 178,07 € +- 🟩 90 minutes in: $212.13 / 178,05 € +- 🟩 85 minutes in: $211.59 / 177,60 € +- 🟩 80 minutes in: $210.97 / 177,07 € +- 🟥 75 minutes in: $209.39 / 175,75 € +- 🟥 70 minutes in: $209.42 / 175,78 € +- 🟥 65 minutes in: $209.81 / 176,10 € +- 🟥 60 minutes in: $210.61 / 176,78 € +- 🟩 55 minutes in: $210.85 / 176,97 € +- ⬜ 50 minutes in: $210.82 / 176,95 € +- 🟩 45 minutes in: $210.82 / 176,95 € +- 🟥 40 minutes in: $210.76 / 176,90 € +- 🟩 35 minutes in: $210.82 / 176,95 € +- ⬜ 30 minutes in: $210.76 / 176,90 € +- 🟥 25 minutes in: $210.76 / 176,90 € +- 🟩 20 minutes in: $210.79 / 176,93 € +- 🟥 15 minutes in: $210.67 / 176,82 € +- 🟥 10 minutes in: $210.76 / 176,90 € +- 🟥 5 minutes in: $210.79 / 176,93 € +- 🟩 0 minutes in: $210.91 / 177,03 € +- 🟥 US close price: $210.88 / 177,00 € *($210.50 / 176,68 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.1914052. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Today I am testing an alternate method of fetching data, using quote data from Yahoo Finance APIs to calculate an average of 7 German exchanges and volume. Those results will be posted in the comment section. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over the weekend, DerGurkenraspler appears to have deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +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! +Wife and I are expecting our 2nd 🥰 and on the direction of her doctor, they had her do a panorama prenatal screen. Because of COVID they are doing the test remotely through Natera. + +The doctor's office confirmed this would be done in-network. The Natera website (still) lists our insurance (Empire BCBS PPO) as in-network. +https://www.natera.com/in-network-plans/ + +Then we got a bill for $750. We called Empire and they said Natera is out of network. Wife spoke with her doctor (who is in network) and he had us contact his Natera rep and they are now saying we should have received 2 bills, but she can reduce the cost to $99 each. + +Am I wrong for thinking we should be paying $0, which is what our out of pocket would have been if they were actually in network? I also don't like that Natera is lying about the insurance they work with in-network on their website. Who can I report this to? + +Edit: Yes, we are aware that ultimately we should have contacted our provider before the appointment with Natera was kept. The main issue I have is with Natera advertising false information about who is in-network on their website. Per Empire BCBS rep, that is "illegal and there are contingencies for that". What those contingencies are was not explained. + +Edit 2: This is the actual language on the Natera website: *Please find below the full list of insurance plans Natera is contracted with as an in-network laboratory. If you don’t see your insurance plan, please note that Natera accepts all national and regional carriers in the United States.* Our insurance plan was on here, when I spoke with Empire BCBS PPO they said they did NOT have an in-network contract with Natera. + +Edit 3: ~~I've saved a screenshot of the Natera site listing Empire BCBS on their list of in-network providers.~~ u/godless-life was kind enough to save an online archive of the website which is a better form of proof. + +Edit 4: Wow this is still gaining traction on day 2. Wanted to clarify our insurance is employer provided and the corp office is in NY, but we are based in FL. + +Edit 5: We got some great advice in this thread and happy to report the matter has been resolved! Our doctor connected us with his Natera rep. We sent them a screen shot of the bill and a copy of our Empire BCBS PPO plan and a screenshot of their website stating our insurance was in-network. The rep just replied saying that **both bills have been zeroed out and we owe $0.00**. As relieved as I am to not owe $750, or waste $198 on the reduced bill, this thread made it disturbingly clear that this is Natera's M.O. Today, I am going to be contacting the [State Attorney General's office](https://browardsao.com/) for my county, the [Florida Office of Insurance Regulation](https://www.floir.com/office/commissioner/index.aspx), and the [Better Business Bureau](https://www.bbb.org/) about Natera's deceptive business practice. I urge those that shared similar stories to do the same. + +Also, thank you everyone for your input. It is appreciated. Thanks to the mods for taking interest and keeping the thread civil. +That was honestly hurtful to hear.. especially cause she has never had to “work harder”… everything has been handed to her.. I’ve never told her or anybody up until this post that I once ate spaghettiih from her sink drain and a pop tart from the trash when I was at my brokest. My friends assume I have a lot of savings cause I’m frugal but I’m frugal cause I have no money.. + +I’ve been working for 14 years. I haven’t had a weekend night off in about 5 years.. I wasted my 20s.. and I have nothing to show for these fucken sacrifices. I don’t have debt.. at least there is that.. my credit score is great but I can’t afford shit in my city anyway.. but I cannot leave.. cause my parents are in there mid 60s and still working for minimum wage .. I know one day soon I’ll have to help them out financially + +It feels like life is kicking my ass. If it’s not one things it’s another.. most of my teeth have holes in them.. I can barely chew.. all stemming from parents that didn’t teach me the basics… my parents are immigrants who only know work. I was a latchkey kid.. been on my own almost all my life. +I was 28 when I first learned what a 401k is.. I asked my parents if they had that and my mom didn’t know what a 401k was .. while my dad said his employer doesn’t offer it… I still don’t have retirement savings either.. + +I drive an old rusty but very faithful almost 30 year old Toyota.. and have been pulled over for bullshit several times.. I’ve never gotten a ticket but I fear the older my car gets the more frequently I’ll have a cop on my ass cause it feels like being poor in my neighborhood is a crime.. I worry a lot about getting pulled over by an asshole and getting arrested.. cause its happened to a friend and I saw it fuck up his life even more ..and I’m so sick of how my life currently is.. I can’t handle worse. + +I feel hopeless. +From another post, + +>As far as replying about stock market being at an all-time high, show him the stock market graph and point at all the "all-time high" points + +I asked for the graph but didn't get any response. So I created one myself using S&P500 close price from 1/1/1950 to present. + +https://i.imgur.com/mRZSxPc.png + +total observations = 17,495 +record high obs = 1,259 (7.2% of obs) + +data: https://docs.google.com/spreadsheets/d/1lpMIAr0FTIKszUrs8boMzszjUp69sN15McS4615aZeA/edit?usp=sharing (also has log scale chart) +&#x200B; + +[Octobrrrr has begun](https://preview.redd.it/1yq5ew12jyq71.jpg?width=720&format=pjpg&auto=webp&s=56790ff04f83c2525b041d8a871e2c637e3838e0) + +# MOASS-a-Meter: No precise target, just up! + +Congratulations to today's winner - u/lukewarmtofu(verified with screenshot) + +Thank you to all the contestants and to all the apes who have been spreading the word by tagging me and commenting everywhere asking to share account numbers. + +Since we have not definitively proved that CS account numbers increase one by one (they could skip numbers in between) don’t assume that MOASS will happen on a specific account number. As the legend himself said “No precise target, just up!” + +&#x200B; + +\*\*\*\*\*\*\*\*\*\*\*\* + +**# of Shares/Account to Own the Float (67.5M): 188!!** (assumes sequential account numbering) + +\# of Accounts: 358K!!! (high score minus 40K) + +New Accounts (since last update): 15K + +Number of Accounts =/= Number of Apes (many apes have multiple accounts) + +&#x200B; + +**Disclaimer:** This post is not financial advice (nor any advice at all). I’m also not asking you do to anything other than to do your own due diligence and decide for yourself. + +&#x200B; + +**What’s the MOASS-a-Meter and where can I find my account number?** [Read all about it here](https://www.reddit.com/r/Superstonk/comments/pxn6kq/cs_moassameter_new_high_score_needed_928/). Then join the party and share your CS account number once you have it in this format (12X,XXX), along with the date of purchase/transfer. + +That’s all for now. + +Until next time, GMErica! +Solid article on trading mindset + +&#x200B; + +[https://www.bprising.com/articles/the-greatest-enemy-of-trading-and-investing-success-is-yourself](https://www.bprising.com/articles/the-greatest-enemy-of-trading-and-investing-success-is-yourself) +Just some food for thought. + +Number of Ethereum wallets are going parabolic, yesterday over 100k new addresses were created. Ethereum transactions per day are in the 500k ballpark. Metcalfs Law says the value of a network is n squared, where n = number of users. If you take BTC which averages 330k tx/day and apply the formula you get a total network value of $109B. + +Bitcoins current market cap is $113B. So if this is a lagging indicator, ETHs value should be in the range of $250B or $2631/ETH. + +Because # of transactions by itself could be manipulated, this should only be part of a valuation model. + +So the next Ethereum bull run, when people start asking why the price is skyrocketing, it'll most likely be an upwards correction based on adoption, network effects, & herd mentality. Don't chase pumps, do your own research and due diligence. Put your money into undervalued assets and sell when they become over valued. + +Bitcoin addresses +https://blockchain.info/charts/n-unique-addresses + +Bitcoin transactions per day +https://blockchain.info/charts/n-transactions + +Ethereum addresses +https://etherscan.io/chart/address + +Ethereum transactions per day +https://etherscan.io/chart/tx +With all the noise in the media about imminent major energy price hikes I decided to look at what the implications would be for my household and what we could do to mitigate it (if anything). A link to a spreadsheet breakdown is at the bottom of this. + +Background first - we live in a 4 bed detached newbuild. It was completed last October and is Energy Class B - if we stuck solar panels on it they'd categorise it class A but we can't afford them and it's not relevant to the maths. Otherwise it's as airtight and as insulated as you're reasonably going to get. We are heated via a gas combi boiler and have an electric oven and induction hobs. Unfortunately we have a baby (currently 17 months old) so last winter had to keep the house quite warm as a result. + +When we moved in back in October we inherited E.On as our supplier who stuck us on the price cap at the time. I looked around for offers but already there weren't any and the situation hasn't changed when I've periodically checked so we remain with E.On today. + +Until March 2022 our cost per kWh was 20.381p and 26.978p for electricity and gas respectively. They hiked it in April to 26.31 and 42.619 respectively, that's an increase of 29.1% for electricity and 58.0% for gas. + +The latest media reports suggest the price cap will move in October from £1971 per year on average to £3420 and potentially to £3850 on January according to one analyst ([Guardian article on it dated 27/07/22 here](https://www.theguardian.com/money/2022/jul/27/uk-energy-bills-forecast-to-hit-3850-pounds-russia-cuts-gas-supply-further-europe-pipeline)). + +I calculated the price increase in percentage terms (73.5% and then 12.6%) using those numbers to project likely future bills. After that I pulled every bill from October 2021 to May 2022, smoothed out the invoices to get a rough estimate of usage per day (because E.On bill at seemingly random time intervals instead of monthly) and then applied the cost per unit and standing charges for turn Vs now Vs future predictions. + +The results are not pretty. + +We spent £905.17 for electricity and gas combined between October to May with the worst month as you'd expect being January - a bill of £172.77. + +For October 2022 to May 2023 I project if we consume the same energy as last year and if the suggested price increases happen as per the guardian article I linked above then we would be billed a total of £2,304.31 with January alone being £519.13. + +The £400 credit to our energy bill courtesy of the government will still leave us with a shortfall of £909.14 to find. + +So, what to do? + +Our house is already up to spec on windows, doors and cavity insulation so not much can be done there. We are thinking of making thermal curtains (my wife is a dab hand with a sewing machine). + +But that won't be enough. + +So on Amazon Prime Day I treated ourselves to a Drayton wiser dual zone smart heating system. It cost £159.49 and I got six smart thermostatic radiator valves for £113.81 at the same time. I'll need another five valves to fully kit out the house but didn't have the spare cash at the time. + +What's one of those I hear you ask. I encourage you to Google it, but the short version is it's a clever box that turns your boiler on and off when any of the smart valves on your radiators demand it. The advantage is you can set each room temperature to what you want on an hour by hour basis, only heating where you'll be when you'll be there. For example I WFH 100% of the time so I'd heat the small bedroom i use as an office and turn all other radiators in the house off during office hours. Of course it's all controllable via your smart phone or tablet. + +What's the payback? Well, 30% reduction in heating demand suggests [this article](Https://wiser.draytoncontrols.co.uk/blog/russell-family-wiser-delivers-proven-energy-savings). Now that won't do anything about my electricity consumption nor even my standing daily charge for gas, but if I can punch a 30% hole in my gas usage then that's 30% off a current projection of £1,044.17. + +That would bring my gas consumption (still ignoring the daily standing charges) down to £730.92. + +Based on how much it'll cost (£159.49 for the controller, £303.91 for valves) vs. the £313.25 I potentially could save, it should pay for itself in just under a year. + +Thats all very well I'd you happen to have £460 lying around as I fortunately did. If you don't, like Martin Lewis from MSE I don't understand how the government expects most households to absorb this kind of hit. + +I'm now looking at alternative revenue streams to bridge the gap like impromptu mystery shopping. £30 a week would make the world of difference. + +[Link to the Google Spreadsheet for anyone that wants to deep dive my maths.](https://docs.google.com/spreadsheets/d/1JnAV3LekUHN6P5znSsLP1akyF3SFg1VIyj7rJWRc7Rg/edit?usp=drivesdk) + +<End> +By the time you pay off the car, you've budgeted the car payment into your finances. Make it a direct transfer so that you don't give yourself the option to skip a payment. My car has been paid off for 3 years and I have saved over $12,000 almost effortlessly by using this method. + +EDIT: This seems to be striking a nerve for many. This post was written with the intention of helping those who wouldn't invest the difference with a longer loan. It was meant to offer a simplified idea for saving that worked for me to work for others. As with everything, there are always better ways to save and invest. This was just the one that helped me out. With that said, I've learned a lot by your comments, so thanks for posting! +If you people haven't been following the news as of recently, Lebanon has been hit with a massive financial crisis forcing the currency to go into hyper-inflation. The prices have gone up on things like groceries, rent, and whatever involves money. + +Saving up isn't helping to be honest since our LBP currency has become worthless due to the recent dollar prices. A dollar goes for around 8,000 LBP to around 10,500 LBP which has driven the country to shambles causing multiple stores to go out of business and for electricity companies to rely on reserving their power. (We don't have 24/7 electricity in case you're wondering). + +"What's my deal?" you may ask. Well, after living in the gulf area for almost 21 years, my family and I were forced to leave to Lebanon. Now, I've been in Lebanon for almost 3 years, and I'm suffering both financially, physically, emotionally, and mentally. We barely have enough money to pay rent or buy enough groceries, and most of the things that we buy are either rotten out-of-date or rotten. What's the cause behind that? Our "beloved" country is sticking to locally made products so everything that is exported is a big no-no because it's too expensive. For example, a can of coke can cost you around $6 to $7 in our current currency rate. So, they'd opt to sell a cheaper alternative. + + As for the expired and out-of-date products, that's because most shops aren't demanding any new supplies so they'd stick with what they currently have. We're at the brink of bankruptcy, and our government isn't doing anything about it. They did ask for some financial aid from several nations, but everyone declined because they kept postponing the meeting. So, we're pretty much fucked up. +I'll try to keep it simple : try to think about crypto from the perspective of a no-coiner, you know, an everyday average Joe. + +Apple makes phones, Spotify gives you music streaming, Chase keeps your money safe, KFC serves you chicken wings, Zoom helps employees communicate, but what the fuck does Solana do for you? Currently valued at 18 billion, but why? + +How can my mom benefit from Solana for example? How can a company benefit from Solana? And how is it different from Avalance, Aave, Matic & the hundreds of other projects? + +Remember, try to reply to me as if you were talking to a no-coiner, use real world example preferably. + +**Edit :** I'm aware of the very obvious money transfer aspect, which is actually great yes, but there are thousands of cryptos offering exactly that. + +I know there are many phone, banks and clothing companies too, but designer clothing doesn't serve the same consumers as kids clothing, just like with premium phones/cheap android phones or islamic banks/off-shore banks. Variety is necessary, but when it comes to money transfer, you just want it done as cheap and fast as possible. No need for a gazillion of projects, right? + +"But the the tech needs time to mature" Maybe, but saying this just proves that *as of now*, crypto is mostly hype and buzzwords ; the future of finance, the future of art, the next internet and whatnot, with not much to back it up. +Reddit is threatening to shut down Superstonk due to brigading. I understand that brigading is a no-no, and so does 99% of our members but it seems to me that shutting down the whole sub because of a small percentage of idiots would be no different than executing someone because they had a wart on their finger. In this day of technology I’m quite certain that these accounts that are brigading could easily be (warned, warned again, suspended, ….. banned) let’s try to remove the wart before we kill the host please. +That's it. That's the whole argument. My wife shouldn't have to turn down decent paying jobs because she'd lose her current insurance that covers everything. I shouldn't have to sit down and do a fuckton of math and figure out if x insurance would cover everything at a y pay and if y is greater than or less than Z pay. She shouldn't have to figure out if sacrificing healthcare is worth the pay and I shouldn't have to convince her that it's not because I value her more than fucking nice things like having enough food for the month. + +And I especially shouldn't be stressing that all the jobs are raising their wages and her insurance won't raise their income limits so eventually she's going to lose her insurance no matter what and because life is like this, that will be the time she gets cancer again. I'm just so fucking tired of this. +&#x200B; + +&#x200B; + +https://preview.redd.it/dbkc58477gi61.png?width=978&format=png&auto=webp&s=0f726b095fdd587814709a01af16bec4e9d568ef + +You might have read Cuban saying the more the stock price of GME falls, the more dangerous WSB will get. + +Did you understand that? Not? + +Let me explain to you: If we keep holding and at the same time we retards still buy at lower price stocks of GME, the volume of stocks that we buy and hold rises exponentially. + +Why that? Because we stupid retards want to invest our $1000, and holy shit at a price of $50, I can buy 20 shares, at $5 great 200 stocks. + +The volume of available shares on the market decreases extremely. + +This means? + +HOLD! + +BUY! If you can afford. + +(To start the engine of the rocket!) + + +Edit: Likely you can find that quote somewhere else as well, but here is a link to an article quoting Cuban: [https://headtopics.com/us/a-week-inside-the-wallstreetbets-forum-that-launched-the-gamestop-frenzy-18626770](https://headtopics.com/us/a-week-inside-the-wallstreetbets-forum-that-launched-the-gamestop-frenzy-18626770) +Whatever happens today is irrelevant. If this run up has proved something is that shorts are desperately trapped and we have the winning hand. No normal stock has this kind of movement on no news whatsoever. They keep naked shorting the hell out of it to control the price. They are digging the deepest financial grave in history and are willing to take the whole economy with them if necessary. We are up against financial terrorists and traitors that have captured the whole financial system for their own benefit. Despicable human beings rotten to the core by ego and greed. + +Hold, buy the dip, exercise your options and DRS your shares. They are finished if they don't shake us off. MOASS is closer with each passing day. Diamond fucking hands💎🙌 +Hey everyone! Wut crazy times we are in. I'm the ape saying that GME is going to be entering a bull run last week. I wanted to post an update to show you guys that we are still approaching a run.\*I'm retarded and Eat crayons\* + +&#x200B; + +[This is the 30 minute chart](https://preview.redd.it/c9neyp2aktj81.png?width=1447&format=png&auto=webp&s=22f508ee5865004005d55d4e3056568beadbf8e3) + +The PSAR (purple circle) has flipped - bullish + +MACD (pink) has a golden cross, green histograms, and is going up - bullish + +Stoch (blue) is trending up - bullish + +A/D (red) is going up - bullish + +AROON (orange) is neautral - looks like it will be bullish soon + +GME gapped down this morning and recovered nicely. It looks like consolidation before the next move. Everything looks bullish to me so I think this move will be up. Today is cycle day! so this move can be explosive + +&#x200B; + +[This is the 4 hour chart](https://preview.redd.it/w22xvb1hltj81.png?width=1453&format=png&auto=webp&s=00d51143d7cc3af908d5efa1b3fd3ce5c4554050) + +PSAR (yellow circle) has not flipped yet, but I think it will soon + +MACD (blue arrow) is red but I think will be flipping to green soon + +Stoch (Purple arrow) has a golden cross and is going up - bullish + +A/D (pink) - is going up - bullish + +aroon (orange) is going down, but I also think that is going to bounce soon + +The 4 hour chart is showing the mother of all reversals that is about to take place. The previous chart showed very bullish indicators, zooming out to the 4 hour chart. GME is in the process of flipping from bearish to bullish. It's beautiful to see + +&#x200B; + +[This is the 1 day](https://preview.redd.it/xw9cmxmgmtj81.png?width=1448&format=png&auto=webp&s=41e8b9546396087c98c78f660ad19edb7227c9cf) + +MACD (Blue) doesn't look promising, but if you look closely it diverged and avoided a deathcross. - bullish + +Stoch (Purple) is reverseing and about to show a golden cross - bullish + +A/D (Pink) - is tredning up - bullish + +Aroon (orange) - is flat and I think is about to go up soon - Bullish + +Given the smaller time frame charts, I think today we can see a big break out. I am still very bullish that GME is going to see some big gains here soon. overall the 1 day looks bullish. MACD is a little sketchy, but that it averted the death cross makes me bullish + +&#x200B; + +[This is the 1 week](https://preview.redd.it/sozxdw7dntj81.png?width=1455&format=png&auto=webp&s=93fb020016a7bba1f27aeda83e16e4861f36d4eb) + +This is the most bullish chart to me! + +I think some big green candles ar on their way + +GME looks primed for a break out to me + +MACD (purple) looks like it is trending up and is about to flip in positive teritory - super bullish + +Stoch ( Blue) is trending up - bullish + +A/D (Pink) just bounced and is going up - bullish + +Aroon (orange) is flat but i think it will be going up soon - bullish + +Overall the 1 week looks super bullish and looks like we are still going to go on a run. I'm eagerly awaiting to see what happens when it flips into positive territory + +&#x200B; + +&#x200B; + +Here are the indicators I use + +**Bollinger Band** \-is a technical analysis tool defined by a set of trendlines plotted two[ standard deviations](https://www.investopedia.com/terms/s/standarddeviation.asp) (positively and negatively) away from a [simple moving average](https://www.investopedia.com/terms/s/sma.asp) (SMA) of a security's price. + +Bollinger Bands were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought. + +**Parabolic SAR** attempts to give traders an edge by highlighting the direction an asset is moving, as well as providing entry and exit points. This can find potential reversals in the market price direction of traded goods such as securities or currency exchanges. It is a trend-following (lagging) indicator and may be used to set a trailing stop loss or determine entry or exit points based on prices tending to stay within a parabolic curve during a strong trend + +**Moving average convergence divergence (MACD)** is a [trend-following](https://www.investopedia.com/terms/t/trendtrading.asp) [momentum](https://www.investopedia.com/terms/m/momentum.asp) indicator that shows the relationship between two [moving averages](https://www.investopedia.com/terms/m/movingaverage.asp) of a security’s price. The MACD is calculated by subtracting the 26-period [exponential moving average](https://www.investopedia.com/terms/e/ema.asp) (EMA) from the 12-period EMA. + +The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. Moving average convergence divergence (MACD) indicators can be interpreted in several ways, but the more common methods are [crossovers](https://www.investopedia.com/terms/c/crossover.asp), [divergences](https://www.investopedia.com/terms/d/divergence.asp), and rapid rises/falls. + +**A stochastic oscillator** is a momentum indicator comparing a particular [closing price](https://www.investopedia.com/terms/c/closingprice.asp) of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a [moving average](https://www.investopedia.com/terms/m/movingaverage.asp) of the result. It is used to generate [overbought](https://www.investopedia.com/terms/o/overbought.asp) and oversold trading signals, utilizing a 0–100 bounded range of values. + +**Accumulation/distribution indicator (A/D)** is a cumulative indicator that uses [volume](https://www.investopedia.com/terms/v/volume.asp) and price to assess whether a stock is being accumulated or distributed. The A/D measure seeks to identify [divergences](https://www.investopedia.com/terms/d/divergence.asp) between the stock price and the volume flow. This provides insight into how strong a trend is. If the price is rising but the indicator is falling, then it suggests that buying or accumulation volume may not be enough to support the price rise and a price decline could be forthcoming. + +**Aroon indicator** is a [technical indicator](https://www.investopedia.com/terms/t/technicalindicator.asp) that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't. + +The indicator consists of the "Aroon up" line, which measures the strength of the [uptrend](https://www.investopedia.com/terms/u/uptrend.asp), and the "Aroon down" line, which measures the strength of the [downtrend](https://www.investopedia.com/terms/d/downtrend.asp) + +&#x200B; + +TLDR: I think GME has a strong possibility of having a significant upward break out today. I also think the next several weeks looks exremely bullish + +TARD: Moon soon + +&#x200B; + +https://preview.redd.it/2bm2g0ntotj81.png?width=640&format=png&auto=webp&s=3b6b62c0781962153925b48fd31488698902a0d5 + +&#x200B; + +EDIT: End of Day + +&#x200B; + +[This is the 1 day](https://preview.redd.it/rpy1l9rjnuj81.png?width=1444&format=png&auto=webp&s=1516334f3bafa1578e99fa061fc39508026918b6) + +The MACD (purple) flipped green like I speculated it would, looks like GME is going into tomorrow strong + +STOCH (pink) is showing a golden cross + +Tomorrow looks like its going to be a good day! + +&#x200B; + +I posted this when everything was red earlier this morning +If I sell something after hours, does it execute after hours or next morning when the market opens again? And if it’s after hours, does it only execute if there’s a buyer also trading after hours? +WASHINGTON—The Keystone oil pipeline’s developer plans to announce a series of overhauls—including a pledge to use only renewable energy—in a bid to win President-elect Joe Biden’s support for the controversial project. + +Aides to Mr. Biden have previously said he plans to revoke the permit, and Canada’s CBC News reported late Sunday that Mr. Biden plans to do so in one of his first actions after taking office this week. + +Mr. Biden’s team declined to discuss that report, but has said his position on the pipeline hasn’t changed. + +In a bid to save the project, Canada’s TC Energy Corp. TRP 0.29% is committing to spend $1.7 billion on solar, wind and battery power to operate the partially completed 2,000-mile pipeline system between Alberta, in western Canada, and Texas, company officials say. They also are pledging to hire a union workforce and eliminate all greenhouse-gas emissions from operations by 2030. + +The company’s plans reflect new realities at a time when Democrats are taking commanding positions in Washington, and in an era of growing environmental and social concerns. + +“In our view, this is the most sustainable and environmentally friendly pipeline project that is ever been built,” Richard Prior, president of TC Energy’s Keystone XL expansion project, said in an interview. “This is groundbreaking stuff for an energy infrastructure project of the size and scale of Keystone XL.” + +A company spokesman said Keystone will announce the new measures this week. + +Construction of the expansion, long delayed by legal and permitting challenges, started last year under a permit President Trump awarded to sidestep an order by a federal judge blocking construction in the U.S., pending a supplemental environmental review. + +Keystone executives hope to keep the $8 billion project alive by making it a showcase for how fossil-fuel projects can still be environmentally friendly and generate good-paying union jobs. + +In August, the company struck a deal with four labor unions to build the line itself. And it followed that up in mid-November with a deal for five indigenous tribes to take a roughly $785 million ownership stake. A new labor deal led by North America’s Building Trades Unions gives priority to union workers for the renewable power buildout, too. + +Other pipelines and megaprojects for oil, natural gas and minerals have started dying under pressure from financiers and environmental activists troubled by climate change and safety risks. + +The promises by TC Energy present an early test to Mr. Biden’s intentions. During his campaign, Mr. Biden joined with the progressive Democrats calling for a transition away from oil to address climate change concerns, more support for labor unions and better protection from pollution for minority and poor communities. + +Mr. Biden’s nominee for secretary of state, Antony Blinken, could face questions on the pipeline at his confirmation hearing Tuesday before the Senate Foreign Relations Committee. The U.S. State Department issues the project’s presidential permit. + +Canadian government officials continue to press the case for Keystone with Mr. Biden’s team. They want to get more bottlenecked Canadian crude to the U.S. Gulf Coast, one of the world’s biggest centers for refining oil. Prime Minister Justin Trudeau mentioned the pipeline among his top priorities during his first call with Mr. Biden after the election. + +“Not only has the project itself changed significantly since it was first proposed, but Canada’s oil sands production has also changed significantly,” Canada’s ambassador to the U.S., Kirsten Hillman, said in a statement. She said Canadian oil emissions per barrel have dropped by almost a third since 2000. “Innovation will continue to drive progress.” + +Keystone’s initial proposal became a flashpoint for climate activists. It led many to fight pipelines as a way to combat growing oil production and instead push investment to alternative energy projects that wouldn’t contribute to climate change. + +They especially object to the Keystone pipeline because the Canadian crude it carries comes from oil sands, which generate more pollution than other types of oil. + +To address those concerns, Keystone is promising to fund new renewable energy infrastructure to generate 1.6 gigawatts of power. That amount would rival the country’s biggest corporate renewables purchases by companies such as Amazon.com Inc. and Alphabet Inc.’s Google that have become common in recent years, and further boost a burgeoning wind and solar market. + +Keystone executives see Mr. Biden as pivotal. In a 13-page presentation they have recently been sharing with business partners, there are columns for “promises made” by Mr. Biden’s campaign and “promises delivered” detailing how the revamped Keystone XL would help fulfill Mr. Biden’s pledges on the environment, the economy and union employment. + +Some oil producers and refiners, including Keystone’s business partners, also are moving in the same direction, with efforts to reduce or even eliminate the carbon-dioxide emissions from their operations that contribute to climate change. + +Keystone XL is a 1,210-mile expansion to a larger pipeline network. It must connect to the power grid to run pump stations that help push oil through the line. Those stations sit about every 50 miles along the pipelines, driven by electric motors. + +Executives are pledging to acquire renewable power for the entire network, a development which may take until 2030 to finish. Until then the company plans to buy credits funding emissions-reduction projects to offset all the emissions caused by their operations. + +Union leaders, many of whom endorsed Mr. Biden, have made it clear they are willing to push back if Mr. Biden rejects these types of projects. The oil industry has a long history of solid wages and commitment to union workers, which labor leaders trust more than the new wind and solar companies that have yet to build the same track record, said Sean McGarvey, president of North America’s Building Trades Unions. + +They have major concerns about whether big infrastructure projects can still be developed reasonably in the U.S. after so many have faced repeated delays. Expediting them will be critical for industries far beyond just conventional energy. + +Scientists say the country also needs a massive buildup of low- and zero-emissions transportation and energy projects to address climate change. Mr. Biden’s climate and economic plan relies on trillions of dollars of spending for this new infrastructure. + +“If we want to maintain our place as the economic superpower in the world, we need to figure this stuff out, and figure it out pretty quick,“ Mr. McGarvey said. ”The changes they have made could be a model that this administration pushes for other industries.” + +i am receiving some money from my dads business that he was a majority shareholder in after it gets sold by mom to my uncle and all the money is split up this is what i’m left with. i’m going to school for the next 18 months (this is being paid for by my uncle) and hopefully get my funeral services degree and work at my dad business making 50-60k a year at 21. any ideas on what i should do with the money? + +im getting my moms car a 2020 altima with 25,000 miles for 13,000 and she is going to cover the rest of the payments 2.2 interest rate. other than that im not planning spending any of it unless i have to for an apartment when i go to college. +Hi there! So I've saved up about 100k through the last couple years and original plan was for it to be a down payment for a house. However since interest rates are so high now that's not really possible anymore, so I've been considering using the money to enter investments instead (since the stock market is significantly down). + +I know the rule of thumb that you shouldn't risk/invest anything you'll need in the next 5 years, but I'm REALLY concerned about fomo and missing out on a HUGE buying opportunity of a life time. + +I'm trying to figure what would be smarter and better...A) Put the savings into a CD or Bond for the next year and keep saving towards a house + +B) Put everything into stocks and investments, knowing that this is a massive buying opportunity + +C) Maybe a bit of both + +or D) Maybe something completely different + +Basically, I'm asking what the smart thing to do here would be AND what you would do in my situation? + +Some other details that may be helpful: + +\-I'm 26yo, salary about 75k a year, the money is currently in a savings account (aka dying to inflation) + +\-I'm not THAT desperate to get a house so I could wait if needed, but I have been wanting one for a while. I'm more or less a young adult trying to figure out how to properly manage money in an economy like this. I'm mostly just someone trying to figure out how to properly manage money and set myself up for the future. + +Would really appreciate any advice, thanks a lot everyone! + + +EDIT: Thanks for everyone for your feedback and advice! Everything you said was extremely helpful and is really helping me explore all of my options. I really appreciate you all taking the time to help me out! +I recently got a job at Fedex paying $15.50 an hour, and pays $3 extra if I work weekends. If I work 40 hours a week, I could make $1,900 a month vs if I work say 50 hours a week, I could make $2,400 a month, 55 hours stretching it to $2,600 a month. My debt is composed of $2,486 in Pell Grants and I have paid off all other school fees. I do not have a car and public transit to places I'm most likely moving to is reasonable. +Healthcare wise, I'm currently on Medicaid although my job provides health insurance where premiums are 100% paid for by the company once I'm able to qualify. + +I do not have credit yet although I'm planning on opening a secured credit card by January, and attempting to start actively looking for apartments by June or August. I plan to save up 35% to 55% of weekly paychecks to save up for upfront costs plus set some aside for bills. + +Studio apartments in Chicago go on average $800-$900 a month with some costing as much as $650 a month or some decent ones for around $700 a month. Some include electricity paid for but varies obviously. + +How realistic would it be for me to be able to rent a studio apartment in Chicago with my salary? +Warning to about those who purport themselves to be financial experts, and their agendas. + +/u/2020sbear account is 17 days old. + +In that time he has made a huge number of comments in a bunch of different investing and financial-related subreddits, and a good number of posts. He seems to be here to push an agenda. + +/u/2020sbear is using this web page **bearmarketsprofits.com** to create some validity for his claims. + +/u/2020sbear is not above a bit of virtue signaling either. https://old.reddit.com/user/2020sbear/comments/fwoirv/convid19_donations/ + +And seems to indicate he lives "in a country that has pretty low tax on trading (especially the markets I specialise in)" https://old.reddit.com/user/2020sbear/comments/fwoirv/convid19_donations/fmwnn24/ + +Though from what I'm seeing it's more likely he's just some guy near Bakersfield, CA (see below). + +Did a bit of sleuthing into **bearmarketsprofits.com**... and put my findings here: +https://old.reddit.com/r/options/comments/fyh6vc/template_of_public_perception_during_a_market/fn38mww/ + +As I wrote in another thread... I've seen similar before... Some investing messiah comes in and purports to have a crystal ball... makes some predictions... the ones that don't line up are explained and justified away, and for the ones that you guessed right you tap knowingly on your crystal ball. A following is built, people start pointing at the time /u/2020sbear guessed heads and holy shit, heads it was!... + +Caveat emptor redditors +I have been day trading crypto for the past 1 month and made consistent small gains in the range of 3-10% a day, but initially it took me a month to figure out my proper strategy. Back in the first week of December, I started day trading Gala. I was using three moving averages 5,8 and 13 and when the 5 MA crossed the 8 and 13 MA from downward moving towards the top, at that time I would set my buy order and then I would set my target sell order at 1% profit and let the market do it's thing. This was an easy strategy and was making gains. The problem was because I was new and have never daytraded before I made a few rookie mistakes like using forced stop losses. If only I had waited a few more minutes or seconds sometimes I would have made total profit instead of accepting a loss. Learned this the hard way.No leverage nothing, just thing simple strategy and then I started improving and becoming more efficient, but suddenly the market changed one day as the volume was less, so I had to improvise my strategy. + +I kept a mental note of the daily highs and lows and the last Major support levels, when the coin drops to the next support level, that is my buy signal and I use moving averages to confirm when they start to show some convergence, then as soon my buy order is filled I set my set order at 1% gains and let the market do the rest. Sometimes some orders take a couple of hours to get executed because the market in unpredictable, but most of the times the order gets filled within a few seconds to few minutes.I have to constantly tweak my entry action strategies depending on how the market is behaving. I also use a modified version of the strategy on bearish days/low volume days. I just see the daily high and low, keep a mental note of the trend the market is in the 1 min and 5 minute charts because those are the time frames I use to trade, I buy at prices closer to the daily lows and sell at prices at the average range or just a bit higher.This strategy works perfectly for small volume on trusted top 10 ranked coins, you just have to get the hang of it. I don't know if it is scalable beyond 10k usd.Some of you might ask if you are making 1% gains why am I not making bank now? Well, I gain steadily 3-10% a day depending upon the market, but per trade I have to pay 0.4% fees so, per trade I am gaining only 0.6%.Would like to know if anybody else trades crypto. +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + + +- 🟩 120 minutes in: **$261.10 / 213,95 €** +- 🟥 115 minutes in: $259.70 / 212,80 € +- 🟥 110 minutes in: $260.19 / 213,20 € +- 🟩 105 minutes in: $260.68 / 213,60 € +- 🟥 100 minutes in: $260.25 / 213,25 € +- 🟩 95 minutes in: $261.17 / 214,00 € +- 🟥 90 minutes in: $260.80 / 213,70 € +- 🟩 85 minutes in: $261.59 / 214,35 € +- 🟥 80 minutes in: $259.15 / 212,35 € +- ⬜ 75 minutes in: $259.27 / 212,45 € +- 🟥 70 minutes in: $259.27 / 212,45 € +- 🟩 65 minutes in: $259.88 / 212,95 € +- ⬜ 60 minutes in: $259.76 / 212,85 € +- 🟩 55 minutes in: $259.76 / 212,85 € +- ⬜ 50 minutes in: $259.70 / 212,80 € +- ⬜ 45 minutes in: $259.70 / 212,80 € +- ⬜ 40 minutes in: $259.70 / 212,80 € +- 🟩 35 minutes in: $259.70 / 212,80 € +- ⬜ 30 minutes in: $259.33 / 212,50 € +- 🟩 25 minutes in: $259.33 / 212,50 € +- 🟥 20 minutes in: $258.79 / 212,05 € +- ⬜ 15 minutes in: $264.03 / 216,35 € +- ⬜ 10 minutes in: $264.03 / 216,35 € +- 🟩 5 minutes in: $264.03 / 216,35 € +- ⬜ US close price: $258.18 / 211,26 € + + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.22039922. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + + +- 🟩 120 minutes in: **$261.10 / 213,95 €** +- 🟥 115 minutes in: $259.70 / 212,80 € +- 🟥 110 minutes in: $260.19 / 213,20 € +- 🟩 105 minutes in: $260.68 / 213,60 € +- 🟥 100 minutes in: $260.25 / 213,25 € +- 🟩 95 minutes in: $261.17 / 214,00 € +- 🟥 90 minutes in: $260.80 / 213,70 € +- 🟩 85 minutes in: $261.59 / 214,35 € +- 🟥 80 minutes in: $259.15 / 212,35 € +- ⬜ 75 minutes in: $259.27 / 212,45 € +- 🟥 70 minutes in: $259.27 / 212,45 € +- 🟩 65 minutes in: $259.88 / 212,95 € +- ⬜ 60 minutes in: $259.76 / 212,85 € +- 🟩 55 minutes in: $259.76 / 212,85 € +- ⬜ 50 minutes in: $259.70 / 212,80 € +- ⬜ 45 minutes in: $259.70 / 212,80 € +- ⬜ 40 minutes in: $259.70 / 212,80 € +- 🟩 35 minutes in: $259.70 / 212,80 € +- ⬜ 30 minutes in: $259.33 / 212,50 € +- 🟩 25 minutes in: $259.33 / 212,50 € +- 🟥 20 minutes in: $258.79 / 212,05 € +- ⬜ 15 minutes in: $264.03 / 216,35 € +- ⬜ 10 minutes in: $264.03 / 216,35 € +- 🟩 5 minutes in: $264.03 / 216,35 € +- ⬜ US close price: $258.18 / 211,26 € + + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.22039922. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. +Hey all, + +Hope you're well + +What was the biggest financial mistake you made in 2021; +***or*** +what was the number one takeaway (lesson) you learned from 2021? + +\--- + +For me it was quite simple. I made some investments where I broke my own rules to get into a company within a certain time period. In some cases this lead to losses that I would have preferred not to take. So I started placing importance on fundamental and technical analysis on every stock purchase I make without exception even if it is for a short-term/momentum trade or a situation where understanding the balance sheet and sector isn't a priority. Perhaps slightly counter productive but it allows me to pivot and feel comfortable (and make less mistakes due to mental fortitude or psychological holes). I've been doing this religiously for a few months and it is proving so good for me. Luckily, my overall net-net was still positive even with the mistakes and I did well. + +GST +https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-voluntary-early-redemption-senior-notes + +https://finance.yahoo.com/news/gamestop-expands-fulfillment-network-facility-105500843.html + +we should see some big movement today.... no? +Edit: 16:39 (UK TIME) +So f💎💎💎king predictable, cheers for the rewards, my first since ive been on reddit! +This is what I think is happening right now. The world's major powers and banks don't want bitcoin to succeed in El Salvador, right? So what's the best way to show that what El Salvador is doing isn't going to work? + +Right on the day El Salvador embraces bitcoin, simply crash the price. The message will be: "we told you so, bitcoin is not stable enough to become a currency". + +This is geopolitical manipulation guys. This is new. Stay focused and hodl for your life. +I'm just mentioning it here be aware that usually stocks move alot (in either direction, paradox hurt me last month uff) after their earning calls so now is a good time to make sure you know what you're doing and this stock has been mentioned alot by people here. + +There's nothing wrong with reducing your position if you're afraid of the risk or do the opposite if you're confident, just please don't risk anything that you can't afford to lose either way. +Looking from the high in October of 233 to pre market at 164, Apple has lost 30% in value. Are investors really that worried about the future of Apple? Is there something I am missing as to why a 30% drop over 2 months is 'normal' correction. +**As of typing this, the Hang Seng was down 1400 points. The last 3 trading days can be labelled as an official crash** + +Chinese tech stocks are continuing their big sell-off as investors continue to digest Beijing's widening crackdown on private enterprise. + +Meituan dropped 16% in Hong Kong on Tuesday, eclipsing Monday's massive 14% loss — making it the food delivery firm's worst two days on record. + +That plunge — which combined, has wiped out more than $56 billion in market value for Meituan since Friday — came as Chinese regulators issued new guidelines Monday calling for improved standards for food delivery workers. + +China's State Administration for Market Regulation said in a statement that companies should take steps to ensure that riders make at least the local minimum wage, to reduce the "intensity" of the workload, and to "strengthen traffic safety education and training," among other measures. + +Meituan runs one of China's biggest food delivery platforms, with hundreds of millions of users making transactions on its app annually. The company said in a statement Tuesday that it had "received and closely studied" the new rules, and would "strictly comply" with them. + +"We are committed to improving our compliance standards to protect the rights of our stakeholders, which include delivery riders," it added. "We believe that the publication of the new guidelines will benefit the healthy development of China's internet industry as a whole." + +Its shares have sunk more than 32% so far this year. + +Other tech giants' stocks dropped, too. Shares of China's two most valuable companies, Alibaba and Tencent, also slid over the past 24 hours, with Alibaba closing down 6.4% in Hong Kong on Monday and falling another 4.6% on Tuesday. Tencent dropped 7% in Hong Kong on Tuesday, also extending Monday declines. + +The Hang Seng TECH Index, a Nasdaq-like technology index that tracks the largest tech firms trading in Hong Kong, fell 4.5% on Tuesday, bucking the regional trend among many major indexes. + +https://www.bloomberg.com/news/articles/2021-07-27/china-s-crackdown-stocks-extend-declines-into-a-third-day + +https://www.actionnewsnow.com/content/national/574935092.html +The full story for this has been going for about six years, but I have been posting about it on Reddit over the past two. It has finally come to a head! If you want to delve into the detail here are the old posts, otherwise I have provided a condensed update below. + +Original post (2 years ago): [https://www.reddit.com/r/UKPersonalFinance/comments/9zqhvn/money\_owed\_by\_mobile\_firm\_ombudsman\_offers\_less/](https://www.reddit.com/r/UKPersonalFinance/comments/9zqhvn/money_owed_by_mobile_firm_ombudsman_offers_less/) + +Update (9 months ago) [https://www.reddit.com/r/UKPersonalFinance/comments/h8t3wz/money\_owed\_by\_ee\_claimed\_back\_via\_direct\_debit/](https://www.reddit.com/r/UKPersonalFinance/comments/h8t3wz/money_owed_by_ee_claimed_back_via_direct_debit/) + +I took out a 24 month phone contract in 2015, cancelled in the 23rd month as I was going abroad for work, but unbeknownst to me, EE didn't disconnect or cancel the contract (I was using another handset as theirs didn't work abroad, nor would the contract). Came back to the UK and found I'd been paying for 11 months (c. £360) from my UK account, to which EE offered me 3 months back, which became 6 months back after I escalated, at which point I decided to go to the Ombudsman. + +I submitted a Data Subject Access Request to get proof that I had cancelled, but as Ombudsman cases are time sensitive, EE ran down the clock (3 months) and didn't return my DSAR within the time the Ombudsman allowed for the investigation. As such, the Ombudsman made a ruling based on EE's word against mine, giving a resolution offer of 3 months back. Naturally, I rejected their judgement. + +Afterwards, I came to Reddit, where it was suggested I could use the Direct Debit Guarantee to reclaim my money, which I did. EE then began sending letters saying I owed them the full amount, and then passed it to debt collection agency. 9 months of emailing back and forth with the DCA ensued. + +When I finally managed to get them to produce the evidence that the Ombudsman had relied on in the original case, (the smoking gun), I was able to disprove it because I had the SAR data. + +While I didn't quite get to give them a full broadside, the DCA began their own internal investigation once realising that what EE had said in the Ombudsman's investigation conflicted with the truth. After 2 months ivnestigation, they dropped the case against me and removed the debt marker on my credit file, accepting 'no liablity' no less. + +Am I chuffed? Over the moon. £360 to enjoy summer with. + +Was it worth it? It was a long slog, but a victory nonetheless. It goes to show that the little man can win against big companies as long as you use all the levers at your disposal. + +I've also learned a valuable lesson that you should always get confirmation of a cancellation in writing, and keep proof of it! Many thanks to the contributors on here who gave me the options I needed and advice to see this through. + +Secondly - the Direct Debit Guarantee is a great tool to claw back money via your bank, but obviously, only claim back the money if you have the evidence to prove it or are willing to fight your case in court. + +**TL;DR (update) I have cleared the debt from my credit file and debt collection agency has accepted defeat after I provided DSAR information that proved EE misled Ombudsman.** + +**TL;DR (full) Cancelled phone contract, EE didn't stop billing. Complained and escalated to Ombudsman, who didn't help. Submitted DSAR to get evidence of cancellation, and claimed money back under direct debit guarantee. Debt collectors finally accept defeat after 9 months of emails.** + +Edit: Changed advice - you should always request written confirmation of a cancellation - an email is a good way to get this. +Anyone else think the VIX is abnormally low based on the current environment? Maybe I'm a little too jaded in my belief that earnings are going to suck, and leaning on some confirmation bias from JPM. But these lower gap opens and rally all day, I simply don't see the upside. The market has basically been flat going on 2 weeks, when is the other shoe going to drop? + +EDIT: Also, seeing some retro-active price updates after close. WTF is going on? +My offer on a house has been accepted and I'm over the moon that I may own my own little property! However I've never lived alone, never had to pay bills alone, never had to really budget so strictly. + +I'd love to hear any experiences, any advice, any stories! Everyone I know buys as a couple but I want to hear from single homeowners! + +Edit: WOW such amazing and helpful replies thank you all so much!! +My parents want me (37m) to be the Trustee for my older sibling (40m). He is STEM PHD and works in research in a college town. Lives the responsible party lifestyle with his wife. Does well at work but when he is home he is home. Academia has its perks. Parents are looking to leave both of us substantial trusts ($10m each) by year end. They want me to have power of attorney over his trust. + +Brother has a history of not responding to calls from financial advisor. He is not great with people. Very smart but not so much common sense. + +Any tips for this role not hurting our relationship? We have a great relationship but live in different places and have different lives. He is pretty cheap and not the type to spend money on stupid things. If I told him he could only draw 2-3% he wouldn’t care. He has expressed interest in owning some student housing nearby. He might invest in a home or two. + + +Update - thanks to all of you. Great feedback and I am confident my family relationships will remain healthy. Couple of clarifying comments after a family zoom session. + +1. My brother is in charge. He is searching for his own financial advisor. I am only power of attorney now. Independent executor. I can replace executor if need be and make allocation decisions within guidelines of trust. I only have authority to make decisions if he is not responsive to his advisor in a reasonable time period or incapacitated. I have 3-4 hour time commitment a year. Gave my parents my word I would check the returns and fees quarterly to make sure fees are fair. + +2. Trust has a lot of guardrails. 2-3% annual withdrawals based on market hurdle rates. Provisions for medical, primary house, or other emergency. + +3. Brother loves what he does and has no plans to stop working. He has a great life. We talked today. He is excited. My sister in law is excited. She is the aspiring real estate mogul. He wants some upgraded travel. They have a budget figured out already based at $150k/ year after tax and don’t think they can spend it all. +I have a lot of free time at my job and spend most of the day searching for value in the market and setting relative price targets for stocks on my watch list. However, these two have seemingly escaped my grasp. + +How is it that META is trading at a 12 PE??? + +* Great company +* Long term lens +* More data than the government +* Not going to die tomorrow +* \+33 Billion Cash position (negative net debt) + +Plus PYPL finally trading at a fair value even with slower future growth (expected for large companies) + +&#x200B; + +Both of these companies seem so ubiquitous. I think this is a terrific entry, and I have only begun buying in. + +&#x200B; + +PS. I will most likely deep dive with more information in the future, just thought I'd ask if I am missing anything. +Or is it just the value of the shares outstanding? + +For e.g can we really compare companies by market cap? + +What would be a true measure of a companies value? +We often listen from big value investors that the education system miseducated people with theories such as EMT. How influential is it really among professionals in the finance industry? Is there anybody in this subreddit working in the finance sector who can comment on that? +I've read on this sub that comparing price to FCF per share is a useless multiple unless you're using a long term average, like the 3 year or more, and this is due to the nature of cash basis timings. + +Is that an accurate statement? Would you say it's just as important to do that with P/E? + +Side note, I exclude SBC from FCF. +This was something new to me that I learned of a few years back — https://www.harborlifesettlements.com/4-ways-filial-responsibility-laws-can-affect-you/ + +I tried posting in a few other subreddits at the time, but never ended up with any meaningful discussion on the topic. + +In a nutshell, if your parents ran themselves flat broke because they were irresponsible - and yet you were very responsible and FIRE’d, your state may be able to come after your hard-earned finances too. Your parents credit card debts may not be able to be transferred to you, but depending on your state their medical costs potentially could. + +Has anyone consulted with a lawyer or trust attorney in order to build strategies to protect assets from these types of cases? I wonder whether certain asset classes are beyond reach - such as retirement accounts, and a home. + +I know a lot of people here are working hard to reach FIRE, and have some very smart ideas on how to get their and how to live on a safe withdrawal rate. But a $200,000 nursing home bill would probably blow a giant crater in most people’s plans ... so I’m curious to know if anyone had devised strategies to protect their financial futures as much as possible? + +I’ve loved this sub for years and always planned to share some details on the day I finally pulled the pin. My story isn’t particularly unique for this sub, but I thought I’d share anyway in case someone just tuned in or is worried that ‘slow and steady’ doesn’t work anymore. + +Today is my last day @ my 9-5 job, and likely the last such day for the rest of my life. I’m 48, software engineer, good saver. When I turned 40, I got the FIRE religion and decided that I wanted to quit official work by the time my last kid went off to college. Here are the highlights: + +- Spouse and I were both really committed to FIRE and we took pleasure in finding little ways to cut expenses and make things last. Paying off the house was a serious tipping point. That’s when the bucks started to seriously accumulate. + +- I’m planning to adhere to “4%” plan. Although I’m fairly conservative so I did my planning for 3% instead. But I like the idea of investing sensibly, blindly drawing a certain % each year and letting the portfolio absorb the bumps over the years and not stress too much about it. + +- I’m invested almost 100% in stocks. Mostly all index funds. I’m planning for lots of ups and downs and just expecting to ride them out. (I didn’t sell anything in 2008 and just rode it down and up and didn’t freak out too much. I like Dave Ramsey’s quote “You only die on the roller coaster if you jump off in the middle”) + +- I’ve been “FI” more or less for the last 2 or 3 years. I was involved in an interesting work project at the time and decided not to quit when I hit my 4% “number”. It was actually quite interesting continuing to work a bit once FI. I could pick the parts of the assignments I wanted and just say no to the rest. I didn’t have to kiss any asses since I didn’t really care if I kept the job or not. They were 2.5 really interesting years since I knew I had a glorious safety net underneath me. + +Anyway, just wanted to say thanks and share a bit of my experience. Happy to answer questions or take random abuse. + +Update #1: Added more Tickers in the table (Top 65 for NASDAQ, Top 65 for NYSE) + +**TLDR:** + +My theory is simple, the Feds printer overinflated the value of pretty much every stock in the stock market from the covid bottom of 2020 until EOY 2021 when the market peaked. Since then, tech has been crushed, down 26.8% YTD, S&P 500 down 18.95% YTD, and DOW down 13.9% YTD. Some of the "top" tech companies are down way more than that, Netflix down 71%, Shopify down 77%, Paypal down 63% etc. While I still think these stocks have room to decrease, this begs the question of are there any stocks that are still way up that have a shit ton of room to lose value and I should buy PUTS on? The answer is yes. From the Covid bottom (which to simplify things I marked as the date March 20, 2020) until when I ran this analysis on July 3, 2022, there were a ton of companies that were still up 1000%, 2000%, 3000%. Examples include RENN Up 3800%, AMR Up 3600%, AR Up 3100%, SM up 2700%, MVIS up 2000%, VTNR up 1800% etc. - Go look at their charts. I started buying PUTS on these companies and will continue doing so until they all burn down to normal levels. + +&#x200B; + +**Intro:** + +No one should listen to me and this is NFA. I decided to try and go out on my own and think for myself for once and take a couple thousand dollars to throw into options. The question I had in my head that I was trying to answer was simple. Since the market is trending downward and appears to be in a bear market, and a lot of tech stocks have already lost a shit ton of value...Are there any random stocks that have increased a shit ton in value from the bottom of the covid dip but still haven't fallen in value in relation to current prices? + +**Process:** + +I got free data from [Stooq](https://stooq.com/db/h/) for the past couple decades. It's just open and close price data. Honestly not even sure how accurate it is but oh well. I did this analysis in less than a day so hopefully I didn't make a mistake. I used four dates in particular: + +1. The pre-covid dip date of February 14th, 2020 (the approximate date before stocks started tanking leading up to COVID +2. The Covid bottom date of March 20, 2020, which is the rough date when most stocks bottomed out and the Fed and JPOW turned that money printer up to full speed. Everything started increasing from then on. +3. The EOY 2021 date of December 31, 2021 when most indexes peaked and hit ATH. +4. The Date when I ran this analysis which was July 3, 2022 + +From these dates I took the closing price of these days and calculated the percent increase of every stock in the NYSE and NASDAQ from the COVID bottom up until July 3, 2022. I really didn't expect much but boy was I wrong. Note that I had incomplete data, there are a number of tickers missing from the STOOQ website because certain dates closing prices were missing. + +Here is a list of the top Increasing NASDAQ stocks from March 20, 2020 to July 3, 2022: + +https://preview.redd.it/2ztnbkltr0c91.png?width=496&format=png&auto=webp&s=2c7fe0a46e1b83ede15d5546a0684e6abd72d221 + +&#x200B; + +https://preview.redd.it/fqrq2o9as0c91.png?width=516&format=png&auto=webp&s=91712d99ca307a3f76a6f7412910ccd3ab48b8c2 + +&#x200B; + +Here is a list of the top Increasing NYSE stocks from March 20, 2020 to July 3, 2022: + +https://preview.redd.it/hxzt86yvr0c91.png?width=494&format=png&auto=webp&s=b8d2771a40da1972a9a0914b103d4b9721ac933b + +https://preview.redd.it/bmk0no0bs0c91.png?width=490&format=png&auto=webp&s=f2f80da45e85af55d885ebf2ac5818e4ec523f24 + +&#x200B; + +If you don't believe me, here are some of the tickers above with their charts provided: + +**MVIS: (03/20/2020 Price of 0.18 to 07/01/2022 Price of 3.95, Up 2000%)** + +https://preview.redd.it/h2z9i4zktyb91.png?width=1444&format=png&auto=webp&s=b0407fadcb4dbf457d01e49099eae119df22d167 + +&#x200B; + +**VTNR: (03/20/2020 Price of 0.57 to 07/01/2022 Price of 10.72, Up 1800%)** + +https://preview.redd.it/1hzduyiltyb91.png?width=1454&format=png&auto=webp&s=7eec84b51c52a38c3353501fcef1ffdd042cad1d + +&#x200B; + +**RCMT: (03/20/2020 Price of 1.17 to 07/01/2022 Price of 19.23, Up 1500%)** + +https://preview.redd.it/egdvyn1mtyb91.png?width=1418&format=png&auto=webp&s=2f518bdc226ae828ef8c29344c376bf6531c2647 + +&#x200B; + +**RENN: (03/20/2020 Price of 0.75 to 07/01/2022 Price of 29.69, Up 3800%)** + +https://preview.redd.it/77v13epmtyb91.png?width=1406&format=png&auto=webp&s=7749eb6a3e24d1dbc3aee5336ab7fd073935e84c + +&#x200B; + +**AMR: (03/20/2020 Price of 3.38 to 07/01/2022 Price of 124.87, Up 3600%)** + +https://preview.redd.it/bkpub0antyb91.png?width=1444&format=png&auto=webp&s=c4ba5b6469b1c6505dbeb0074245fbff9c7dedba + +&#x200B; + +**AR: (03/20/2020 Price of 0.95 to 07/01/2022 Price of 30.74, Up 3100%)** + +https://preview.redd.it/60rduvsntyb91.png?width=1374&format=png&auto=webp&s=1eb0e7dbaa2de50fab2a6d2acaf09fca21f8cf18 + +&#x200B; + +**SM: (03/20/2020 Price of 1.24 to 07/01/2022 Price of 34.08, Up 2600%)** + +https://preview.redd.it/a8f15tdotyb91.png?width=1506&format=png&auto=webp&s=fd14f482bc5ef8b5389d4c965b750816c72f4079 + +&#x200B; + +So now that you know I'm not full of shit, I used these top gainers to buy puts on since there was a trend reversal. Most of these peaked around the beginning of June, and started tanking since. So i used this and bought Puts on some of them. I will update if this ends up paying off. +I have $250K cash I need to park somewhere. Because of how everything is going on in the world it's possible I'll need it next year to keep the business afloat so I need the money to still be accessible. Interest rates for CD's and savings accounts both look pretty terrible right now. Is that just the way of the world, or given the amount of cash is there somewhere I'm not thinking about that I can park the money for a year? +I don't know if anyone even cares, but I've just been hit with a nasty shot of reality, and it had nothing to do with the financial side of the film. - Minor spoilers ahead but I'm guessing I'm the last to watch it. + +My wife has had a tough few years, past traumas causing awful, dark thoughts she can't control, intrusive images she feels make her a bad person. More than once she's told me she doesn't want to be here anymore. + +Therapy for these sorts of disorders is almost impossible for us to come by, even over here in the UK. Public health services are not trained for it, and private healthcare is obscenely priced. + +I have a decent job, but this is fighting against a mountain of debt to keep us afloat, neither of us have family we can rely on. So my minuscule dip into GME was motivated by the desire, no, the need to obtain some sort of weapon in this daily fight against life. + +But then, The scene with Mark Baum talking to his wife, about his brother's suicide. Oh god, I just cracked. I was not prepared for that scene. + +When he admitted that the first thing he did was offer him cash, I just cried, because that's exactly what I've been hoping to do, throw cash at the problem and make it go away. + +We are each other's support in this life, I just hope that holding my low x shares I can finally give her the kind of real support she deserves, hopefully, it's enough. + +Man, this film was incredible for so many reasons. It's gone 1 am here so I'm going to sleep and try to digest what I just watched. + +Holding together, forever.💎💎🚀🚀 +I'm already what I consider fatFIRE. I had an exit from my startup a few years back, leaving me with approx 7.5M USD (10M CAD). I've been more than happy with this and I'm working about 60% of the time because it keeps me somewhat grounded and I still feel like I need to do something. + +I just had an unsolicited offer to buy some startup shares (different startup) for 1.5M. The company I worked for is a unicorn as of last summer and they'd be purchasing shares for a premium to that valuation. I still think there's about 2-3X if I wait for a full IPO, however. + +Is it worth it to sell the shares now? I don't \_need\_ this money, and I currently live in a medium-expense city in a house that's as big as I'll even want. I don't need fancy cars/watches/etc. I would probably end up re-investing this cash in either venture funds or the markets. + +I'm leaning towards not taking the cash and just waiting for a nice IPO pop (and then maybe buying something nice with the proceeds). + +What would you do? +Needing some advice to see if there is anything else that can be done or any other ideas. Purchased an Apple Watch for my wife from a local Walmart for her birthday. She opened it the next day, only to find there was no Apple Watch in the box. It was replaced with some other device “hearth and fitness watchs”. I went back to Walmart with receipt, they told me since product was “sealed” when I purchased it, I would have to call Apple. Apple took serial number etc., but couldn’t tell me if device was active or anything else. My plan was to have them deactivate it at least. They couldn’t give me any information. Told me I would have to go back to Walmart. Talked to the Walmart manager who was understandably suspicious given the product price and circumstances who would not replace or provide refund. Called Walmart customer service but I am guessing they will be unable to do anything. I suspect that there is nothing else that can be done but figured I would post on here to see if anyone had any other thoughts? + +Learned an expensive lesson: before you pay, carefully inspect plastic packaging to ensure integrity... + +UPDATE: spoke with Apple again. They were able to tell me AppleCare was purchased in December 2019. Referred me to check coverage.apple.com for proof. Was able to show store manager who apologized and gave me refund! + +UPDATE 2: this post blew up way more than I thought it would. As another update, we went to Best Buy after the return and she picked another one out. The wrap was definitely sealed different. The “empty” box had a more loose wrapping and wasn’t flat or smooth in all areas. It did have the Apple sealing on the outside though. The box was mint, even in hindsight examining it. The actual product was sealed much tighter and smooth. Although again, I didn’t even think this was a possibility so I wasn’t worried about it on the first product. +My current design job is pretty fun, working on a video platform. My team is pretty good, and it’s a low stress environment. The benefits are good like an unlimited vacation policy. However, this new opportunity pays $35k more than my current job. I am a single guy with 11 years of professional design experience. + +$35k more per year +No 401k match, I get 4% match now. +Two weeks of vacation, I have an unlimited vacation policy now. +Working from home, but I have to travel to different customer sites twice a month to NY, and SF. I commute 45 mins to work and back I at my current role. + +I have an offer being drafted, but I am not 100% on it, kind of nervous about it. + +Update 1: Some more details. I currently make $105k, and I am 32 years old. + +Update 2: I am in Orlando, Fl, 35 minutes from our crazy airport, and all the income is before taxes. +Here is the budget I have constructed, + +* **Income Post-tax:** $665pw +* **Rent:** $110pw +* **Food:** $50pw +* **Fuel:** $50pw +* **General Expenses:** $50pw (I'm going to put this amount into savings) + * Spotify $12/month + * Soundcloud $12/month + * Phone Bill $110/month + * There is a "Device Payout" option I can choose, this would mean I would owe $1,214 and the plan would stop immediately. I intend to do this as soon as I can, as $1,214 would save me $55 per month over the next 22 months that my phone plan runs for. However, the phone company I'm with, if I took this option, would only allow me to pay it off over 6 months, meaning it would cost $202 per month. Once I have repaid a few thousand of my debts, I intend to loan this money off of someone and get out of the plan immediately to get the most amount of savings. + * Netflix $15/month + * Car Rego $141/3months +* **Short-term Savings (For things I want to buy):** $50pw +* **Debt Repayment:** $255pw +* **Long-term Savings (Investment Account):** $100pw + +&#x200B; + +And my current debts are totalling $32,006 currently, these can all be considered 0% interest as none of them are through financial institutions. + +&#x200B; + +&#x200B; + +Can I get some advice if this is good? I've just gotten out of prison and gotten my first legal job, so its pretty much the first budget I've ever made. +Hi reddit, just dropping this to see what everyones thought are on buy to let / real estate investing in the UK at the moment in 2019. Is it dead? Or is there still a market for it? + +Would be interesting to hear some thoughts. +When the stock split takes place on the 31st of August I'm led to belive that anyone with fractional shares will automatically have them sold off. There are a lot of investing platforms that allow fractional shares and advertise "invest as little as £1 in the leading companies" (with a chart of Tesla's upward trend!). Therefore I expect the amount of fractional shares held in Tesla to be quite high. + +Do you think that these fractional shares being automatically sold off might cause a drop in the share value that counteracts any increase from new investors buying whole shares? + +Edit: Quick edit to add this might be broker dependent. Trading212 for example seem to not split fractional shares (https://community.trading212.com/t/fractional-shares-stock-splits/14862/2) +Hi everyone, + +As you all know there are many US ETFs which aren’t supported for trading in the UK but I’ve done some research and really like a few of the US ones. Could anyone suggest some UK alternatives for me? They are as follows: + +O’Shares Global Internet Giants (OGIG) + +Vanguard Growth Index Fund (VUG) + +ARK Innovation ETF (ARKK) + +iShares MSCI KLD 400 Social ETF (DSI) + +Invesco Dynamic Building & Construction (PKB) + +First Trust Indxx Innovative Transaction & Process (LEGR) + +I have searched for all of these on Hargreaves Lansdown but can’t find a single one. + +Thank you in advance :) +Do you think that the we will see better growth from U.K? I have my eye on a few so called ‘recovery’ stocks still on a discount which I’m hoping will succeed long term too. + +Will travel and tourism plays like National Express, EasyJet, IAG (BA) or hotel focussed WTB, IHG display a fast upward trend? + +Other areas of focus after some more dd are SSE, ITM, RDSB, POLY, Anexo, Reckitt, Unilever. What are your long term 2021 plays for the U.K.. +Basically what the title says. I keep seeing people ask for suggestions or suggesting finance books to read but it all seems so repetitive. + +If you do any basic research online you will find: + +1. The total stock market outperforms picking individual stocks + +2. Live on less than you make + +3. Invest as much as you can as young as you can + +4. “Time in the market beats timing the market” -2 pac + +I tried reading the millionaire next door and it all just seemed like basic knowledge? I don’t see how anything from these books can provide more information than trying to make money instead of reading about it. Any insight? +Welp, the title pretty much says it all. I currently work at a grocery store as a wine stewardess making roughly 30k a year after taxes. I currently rent a studio apartment for about $1200 a month. I want to become a homeowner because I'm tired of renting but I understand that I'm not able to due to having no savings. (I currently have like $200 saved in my bank account that is dedicated to paying bills only and $171 in the account that is for fun money) I'm about to pay my car note off in a year but eventually I'll need to start back paying off my student loans which may end up being around $300 a month, I owe 38k including interest). So my question is how can I manage my money better? Will I be able to eventually own a home with what I'm making currently, if I don't end up getting a better job? +18F, married, currently in school to be an x ray tech and will graduate in 2022 into a job making 40k a year. 9k in checking account, 1k in a Roth IRA and 11k in an ally bank high yield savings account. Planning on buying a car within the year but will pay cash and keep it around 3k or 4k and planning on buying a house in the next 5 years. No student debt. + +How much would be a reasonable amount to keep in my checking account? Should I just have enough for a month's expenses or keep everything I need for the big purchases this year? + +Also should I put more into my roth? + +Thanks everyone, I love this sub! +Looking to get out of my current job and area. + +If you were a single 30M interested in investing in multi-fam units and building off that, where would you go and why? (Not limited to US) +This is the first batch of futures expiring 4 PM London time (upvote to stop FUD). RELAX, short positions will unload BTC that they used in the spot market as a hedge.. Buy the dip if you’re lucky and we get one. Stop panicking. +My in law’s barn cat had kittens and said they’re putting them up for adoption. I dont know how much I would have to budget monthly for them or how much initial shots and stuff costs. Also if you know of any other subreddit that could help that’d be appreciated. + +Edit: this makes it sound like I would be adopting multiple but it would only be one + +Edit 2: I was not expecting such a response. Thank you to everyone who has been giving me advice and information, it is very appreciated. I feel a lot more prepared to take on this adventure with my (now 2) buddies. +I wish I could have stuff that isn't cobbled-together "it'll do" stuff. + +I wish I had even drawers that didn't have sagging bottoms. + +I wish I could have stuff that didn't warp as soon as you look at it funny. + +I wish I could leave duct tape and superglue in a 'random drawer' for so long they'd dried out. + +I wish I didn't have to disguise crappy "oak" finish with contact film. + +I wish my furniture matched colour or even general style. + +I wish I could get the first items I wanted/needed without having to shop around for deals or second-hand items. I hate having to spend time and effort on what I consider a chore because I can't afford an easy option. + +I wish I didn't have so much plastic in my house. + +Right now I really wish my left arm wasn't sore because I had to spend ages fixing stuff and I had to hold the things in weird ways just to get the bastard screws in straight. + +I just wish I had nice things. +**My Theory**: Cohen will on behalf of Gamestop buy "Buy Buy Baby" for the newly filed GMERICA. + +BBBY gets to be debt free, most BBBY-longs will be in the green again (will trigger a shortsqueeze) and the GME-stock will get a higher target price (possibly also a gamma-squeeze or two). + +Gamestop is truly turning into an online retailer ala Amazon and its exciting to say the least, remember the large warehouse purchased a while back? Its possibly for GMERICA, and look at the filing of what GMERICA will sell; many of the things that exist at "Buy Buy Baby". +During this time demand was sky high, dealers were sold out of new bikes, and the used market as a result is massively over-inflated with even 20 year old bikes selling for thousands more than they normally would. + +I was also able to unload two 5 year old mountain bikes for probably 40-50% more than what they were worth 12 months ago. One of the bikes was sold for the around 20% less than it’s new price from 5 years ago. Keep in mind this bike had minimal use but also almost no serious maintenance in this time. + +Both of these bikes had in excess of 40 messages on Facebook marketplace and sold within 24hours. + +From speaking with people in the car auction game the demand for used cars is also sky high. + +In the post at the time there were a few theories as to what might be influential from a financial side of things: + +- Early superannuation withdrawals +- Job keeper +- People wfh saving some $ +- General supply and demand market dynamics + +However in the past 2 weeks in Victoria since restrictions have started to ease I’ve noticed that prices on used dirtbikes have dropped off and deals that would have been snapped up in minutes 2-3 months ago are now hanging around a lot longer. + +All very ironic given that the prices of these things were high when we could barley leave the home. + +Has anyone seen something similar in other states? Where do we think this is heading for not only the outdoor recreation equipment market but the economy as a whole? +I'm not sure how it works but I'm imagining Starlink will provide more coverage and lower rates. And once the satellites are up, they will have a monopoly on internet. + +Is that the end of our local telecom business? + +Are we witnessing the beginning of a worldwide monopoly on internet access? How do I invest in this? +It is said, that insiders are borrowing at low interest rates ,to speculate on stocks and get a higher return. This pumps up the stocks world wide and later when the US FED will raise rates, this won't be possible. It will first notify insiders who will dump the stocks ahead of a rate rise and this will panic the stock market. + +The question arises, is how much do the illuminati own in stocks around the world. As most us know, if the US market crashes it, takes us down too. + +As most of us know, algorithms are part of trades ,we see in day in and out, doing tiny trades in the course of sales. It is said you trade against or with algos 70% of the time or higher. + +&#x200B; + +[View Poll](https://www.reddit.com/poll/rx9w3a) +I have been noticing my stocks making me a small profit from 20 percent to 80 percent at times then they come back down over a few days to where I almost bought them at. + +For example LRS I bought at 7 cents then they went up briefly to over 9 cents, I could have sold and banked the profits then bought again today at today's 7.2 cents + +I sorta know this is crystal ball stuff but wanted to get other opinions on banking profits with penny stocks. + +cheers +https://www.cnbc.com/2019/04/22/how-to-save-50-percent-of-your-income-from-people-who-have-done-it.html + +Most of it is basic stuff but good for someone who's just starting out. + +Edit: Been following this sub for a while just thought I'd start posting and sharing a bit more +Was going through some dark times ended wasting £50kish of my 100k savings. I own a flat I'm considering selling it to recover some capital since it was hard to amass those savings in the first place. Should I just let it go and accept the loss? Feeling pretty depressed about this. +EDIT: Source of the problem was incorrect Information Table filenames for the last couple 13F-HR filings, leading to an error in the "search by text" engine when trying to reach them. Still, sus to me it happened on last 3(5 including amendments) 13F-HR filings. + +&#x200B; + +I'm not sure if there has been a post on this or not, I know we have a lot of DD silverbacks here that know (A LOT) more than I about all this and could have already posted on this. If you do know this has already been answered, or you might have more information on this, please let me know!! That said, let's get to it. + +I happened to be surfing the SEC database for Citadel filings, specifically I wanted to look at their recent 13G activity. 13G(13D) filings are notices of acquisition of beneficial ownership of a company(>5%). I noticed quite a bit of 13G acquisitions since December 2020 and wanted to actually dig into it, I am not an expert, I just learn a subject or process better by actually jumping in head first.... That's when I came across 13F-HR reports. I tell you, I was not ready for the tumultuous 6 hours of zoned in researching and tab-opening..... + +[Lots. Lots of filings.](https://preview.redd.it/2aimul8g7i371.jpg?width=1422&format=pjpg&auto=webp&s=b8a18f71ea029f0b693b1d4aab33fe6ec096afc3) + +I found out I couldn't see anything in the more recent 13f-HR filings past the Cover Pages. Nothing, like at all. That's when I had an idea, I started looking for specific holdings through filters. Doing that brought up the information tables (specific holdings in the filings). Clicking through random dates, I noticed the database could not find the specific information tables for the most recent 13F-HRs... just the cover pages for each. Weird, right? + +[Missing everything but the cover pages, hmmm?](https://preview.redd.it/ph5xvk9w6i371.jpg?width=846&format=pjpg&auto=webp&s=01111d7de2188adcabd0e1061681e9a4d3816e76) + +So how are we supposed to know this just isn't the SEC website messing up? Well, only the 13f-HRs filed after 8.14.20 seem to be missing the information tables. + +"But what makes you so certain they were there in the first place" You might ask? + +1. Filings before 8.14.20 (holdings before 6.30.20) are all accounted for +2. Database has the all the filings and cover pages, but is missing the actual information +3. A little site called [Holdings Channel](https://www.holdingschannel.com/) has the **most recent** (3.31.21 \*filed on 5.17.21\*) GME holdings for Citadel.... + +[Weird, 3rd party site has info that was pulled from SEC database. ok.](https://preview.redd.it/szfj25fr9i371.jpg?width=820&format=pjpg&auto=webp&s=48fba772c1e66377475c209a9692d3b86babca5f) + +Super weird. Why on Earth would the SEC pull specific holdings info after it was posted? What has happened since 3.31.21 that could explain this or give a clue as to why it's missing? + +Oh, just a few things (just including May) really: + +1. 2 amendments to the 5.17 13f-HR were made, could have just been a simple mistake... except the SEC wouldn't pull a year's worth of 13f-HRs just for that, so it cant be this. +2. The infamous Gamestop Moon Tweet (What did they knooow??) + +[Yeah, that was a good day.](https://preview.redd.it/t8b9g9y8ei371.jpg?width=240&format=pjpg&auto=webp&s=45ef0835d344d4d0d36b3c5115696cce65090a73) + +3. Oops \*moass\* my bad + +[Another good day.](https://preview.redd.it/5ksqu7egei371.jpg?width=521&format=pjpg&auto=webp&s=2adfb9d68f5fa9ca8d7d57a953ee5af4697d0a6c) + +4. Liquidity Test + +5. RIP + +[Anagram much?](https://preview.redd.it/akztc9n2fi371.jpg?width=281&format=pjpg&auto=webp&s=a7b224903cbdd0f10f7678e03c23c9e80955a516) + +6. and last but not least, G. Sachs and the trade data fiasco: [(17) BREAKING: Goldman Sachs & Co fail to reconstruct AT LEAST 10% of computerized trade data between December 2nd 2020 and January 29th 2021 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/) + +&#x200B; + +Taking all of this in, you might think the G. Sachs trade data issue could have caused the SEC to pull every institution's 13f-HRs Information Tables containing the specifics.... well, that's not the case either. Other institution's 13f-HR filings seem to not have this issue, it's unique to Citadel. (checked a bunch of other institutions, but obviously not all) Side note: interesting enough, Melvin Capital's 13f-HR filings containing Gamestop only starts halfway through 2020, only contained Puts, and all the Information Tables worked, so again, this is seeming to be unique to Citadel... + +Now wtf could possibly explain this.... oh IDK maybe being investigated by the SEC? I cant seem to shake it, but I got electric chills thinking about it. I can only hope it's a sign that a certain lady is about to start calling.... + +[Yes. I was the crayon artist responsible for this.](https://preview.redd.it/px3u9latii371.jpg?width=608&format=pjpg&auto=webp&s=92df34b4f2e9ea722b23bee4e66e14101c8cc24b) + +&#x200B; + +**TL;DR:** Citadel's 13F-HR filing information since 6.30.20 (filed on 8.14.20) containing their specific holdings and information on the SEC site, has all been pulled, minus the cover pages. 3rd party sites like [holdingschannel.com](https://holdingschannel.com) have the latest information, but not the SEC, leading me to believe Citadel is currently being investigated. + +I hope you apes enjoyed the read, I worked hard on it. It's not much but it's something my slightly-wrinkled brain was able to look into a little bit. + +Edit: fixed a date in tldr + +Edit 2: Thanks to u/T_orch for spotting this. Seems the database itself is having trouble locating the Information Table files for the last couple filings for Citadel. For some reason the archived file for them are still reachable, but the database itself cant reach it. I don't know what this means, I just know some location error is throwing off the database. I didn't notice this error for other institutions for the same time period, so for some reason it is still unique to Citadel. Still jacks my tits trying to figure it out. Everything Citadel is sus now. + +Edit 3: thanks u/humanslime for spotting the error. It definitely was just a pathway error due to inconsistencies in the Information Table file names, for the 13F-HR filings after 8.14.20. For some reason using their '/search through text engine' won't reach the information table files, when their /browse lists show all the files fine. +I was debating if I should post/celebrate this here, but after seeing /r/fierymillennials [lessons learned from a break](https://www.reddit.com/r/financialindependence/comments/a5nue9/lessons_learned_from_a_9month_break/), and after posting here in /r/fi for the last 4 years, I thought I'd share some of my lessons from my career (and maybe sneak in a few questions while I'm at it). + +# Where I Am Now + +As the title (and my flair says) I'm sitting right around FI now! Our household consists of me, my wife who's a year younger and our 11-year-old poodle mix, living in the western US. + +I'm a software engineer (full-stack web development) turned Product Manager working a career in tech - but never in what I'd "high tech" cities. Orlando and Salt Lake City have a great tech presence, but they're not exactly in the top 5 (or 10?). + +With around $2m saved up and yearly expenses somewhere between $60-$100k, it's looking like we're in decent shape! Over the last 2-years, our expenses have risen as we got married, fixed up a house, went on 2 honeymoons, moved across the country, furnished a new place and settled in. I'm optimistic it'll drop down closer to the $60k side now. + +Today is my last day at my job of almost 8 years (!). My wife is continuing to work at this time, with me on her insurance We've talked about it, and she knows she could leave as well. Her working right now makes this much more flexible as we test out our spending levels with one of us not working. + +# How I got Here Financially + +Luck. Hard work at times for sure, and lots of planning, but no one retires in their 30s without luck (windfalls or high income) or cutting expenses so deep that your lifestyle borders some hobo-chic. + +My luck came in a few specific fortuitous financial events: + +* Had parents that raised me with a ton of **self-control**. Learning to have money (even if you're not rich) but not spend it from an early age is a huge benefit. +* Went to a **state school for college** and graduated with no student debt. Scholarships and parents paid for everything for the first 2 years, then started working to take over all expenses by the end. I was soooo lucky to not get into the expensive colleges I applied for and have parents who could chip in that $1k/month to live on. +* Started working on **side projects** non-stop starting in high school, which helped my marketable skills continue developing (even if they didn't make money). +* Received an **inheritance** of $100,000 at age 24 when my mom passed away. Add to that another $150,000 from selling her house. That was in 2007, and the $250k promptly dropped to $150k a year later during the great recession. +* Worked, without gaps and saved at least 50% of my income each year from age 24 on. + * Also increased my expenses significantly during that time. +* Went from **startup to startup**, eventually landing at one where I worked as hard as I could (sometimes 90 hours a week). +* That startup was eventually **acquired**, which was a nice $400k windfall. +* The company that acquired us went **public**, which was a nice $800k windfall. + +There's a lot of luck to this. I was on my own FI path before this acquisition with a higher FI date in mind (40 if things went well, but probably closer to 44 realistically). Luck and events completely outside my control brought that date down 4-8 more years. + +# What's Next? + +After years working at startups, I absolutely love creating things and providing value to people. One thing I'm most excited about is the time to learn and build things without the need for them to make money. I've done some side projects, but hope to do many more now. + +Other than that, the usual winter recreation! Playing Red Dead Redemption 2, rewatching all of Lord of the Rings and Harry Potter, going skiing and traveling to see family. + +Long-term though, time will tell. If our spending is low enough, then we won't need additional income. If it ends up being higher than we expect and we decide we'd rather now lower it, I'd like to find a way to make a little side income without a job through side projects. Luckily there is no rush on that today. We have options, and time to find a passion that makes a little money is one of the best ones. + +I do have a few things that I'm trying to do immediately. I'd be curious to hear how others have handled these: + +* Stop identifying myself by my job role, accomplishments or work. +* Stop setting unachievable expectations for myself. +* Stop trying to optimize every day and be OK with progress. +* Start setting boundaries between side projects and personal life. +* Being OK with the idea that there are days I'm going to wake up where I don't want to do anything. + +These are the immediate things I'm working on in my head right now. + +# What Did I Do Well? + +For things that I had control over at least, here's a few that stand out: + +* I think the number one thing was **making myself invaluable to companies** I worked for. I did whatever needed to be done strategically in the companies - even if that meant changing roles or learning new skills. +* Stuck with **low-fee index fund investing** for 95% of my portfolio long term. I made investing mistakes (oh, hi Bitcoin), but they were limited to at max 5% of my portfolio. +* Tracking spending **quarterly**. +* Didn't try to **over-optimize investments**. Just let time do their thing (helps that this was the best bull market ever). +* Developed a strong sense of **what I wanted out of life** outside of work. I have no shortage of things I want to do. + +# What Could I Have Improved On? + +* I didn't **max out my 401k** for about 5 of my working years. I didn't have access to a 401k for another 4 years. +* My **spending grew** way more than I thought. I should've been looking at my spending monthly. +* My wife and I have been together for almost 12 years, but we didn't fully join our finances until year 11. We knew about each other account balances/debts, but not as much each others cash flow. Would've been useful in planning to know each other's **total spending**. +* Tracking **spending monthly** would've helped see trends faster. +* Creating **another source of income** would have been really nice. +* **Thinking too much about FI** at times was a distraction from other, more important goals and parts of life. + +Whew, that's a lot. It's been 11 years since I started investing and 9 years since I opened a Vanguard account. Without additional lucky (in the form of those windfalls) I don't know how FI would've been possible without drastically cutting spending during my earning years far more than I did. + +That might not be the most optimistic takeaways, but it's an honest one. There's a sliding scale between compromise and luck for retiring in your 30s. I was able to lean more on luck, but that's not a reproducible takeaway. If you do what you can with what you're given that's all you can do - just do your best and be OK with the results. + +&#x200B; + +*Edit* + +**On acquisition/IP money**: From the comments, I realized I did a poor job of taking credit for my part in those events. As a long-time developer, I don't do a great job of taking credit for my accomplishments. As I mentioned in some comments below, I was an early employee at the startup and led the largest team which was responsible for our main product, and was a key part of why we were acquired. + +**On windfall/Why don't you have more money:** I wish I could say I just put the windfall money in low-cost index funds and called it day, but that wasn't the case. I bought a house (which I sold for a $70k loss), lost a bunch of money due to load funds and taxes on trades my financial advisor put me in (before I started managing my own money) and saw my investments drop by almost half in 2008. All that to say that in 2008 my net worth was much closer to $70k. Couple that with a lower income (since I was right out of college) and it's not too much being set aside each year. +It's 1pm and the volume is less than 3 million for the whole day. There are barely any shares being traded right now and GME looks like a penny stock with 1 minute candles. Banks are suddenly raising billions of dollars they may need for collateral on huge upcoming margin calls. GME is trading more sideways than I've ever seen it trade before and it's oddly quiet. + +I smell something brewing apes, let's just be patient... + +HODL💎👐 + +Edit: We ended the day with UNDER 4 MILLION VOLUME. This is the lowest of the entire 2021 year! + Recently there has been a ton of FUD on the sub and shills have been out in force. SEC# flooded everywhere drowning out nearly all other information the day after an important ama happened. One bit of info stood out during that ama and it is contacting the NASAA. So what's the NASAA...well I'm a bit of a smooth brain but it looks like state versions of the SEC. + +Well why do we need to contact them over the SEC some might ask. It's simple, really incredibly simple and easy to overlook. We know the SEC is comprised and probably bought off. Look where the board members came from. NASAA on the other hand has similar responsibility to the SEC with one key difference...they are not in someone else's pocket. In the grand scheme of things they are like middle management. There might be some that are in bed with big finance but most were deemed not important enough. The NASAA has the power to put extreme pressure on short sellers and are likely to be impartial/not on the books. They don't get to leave there position and go back to the banks, this is an actual job to them. + +The very fact that contacting the NASAA disappeared from the sub in less than a day should be proof enough of it's importance. Noone is talking about the one thing we were told that could help from a lady that spent a good chunk of her career trying to stop short sellers and market manipulation. + +Obligatory 🚀 💎 🐒 +If you're in the same boat I am - received unemployment and filed taxes before the bill was passed making those funds non-taxable - this is great news! + +&#x200B; + +>The automatic refund will mean that many recipients of unemployment benefits who have already filed their returns for 2020 won’t have to take extra steps to reclaim the taxes they paid but no longer owe -- on as much as $10,200 of jobless benefits. Taxpayers who have yet to submit their returns also have an additional month, until May 17, to file this year. +> +>“Do not file an amended return at this time,” Rettig told a congressional panel on Thursday. **“We believe that we will be able to handle this on our own. We believe that we will be able to automatically issue refunds associated with the $10,200.”** + +&#x200B; + +[https://www.bloomberg.com/news/articles/2021-03-18/irs-to-automatically-process-refunds-on-jobless-benefit-payments](https://www.bloomberg.com/news/articles/2021-03-18/irs-to-automatically-process-refunds-on-jobless-benefit-payments) + +EDIT: Lots of questions and confusion. The stimulus package that Biden signed into law on March 11 included the provision that the first $10,200 you received in unemployment income in 2020 is no longer taxable income. That is not in question and has already happened, though tax prep software has not been updated to reflect that yet, so if you have not filed yet, and use Turbo Tax or the like, hold off until they update. What IS in question is how this affects people who ALREADY filed. What this article is quoting is the IRS telling the House yesterday that they intend to handle those people automatically and not force them to file amended returns in order to take advantage of that tax break: **“We believe that we will be able to handle this on our own. We believe that we will be able to automatically issue refunds associated with the $10,200.”** + +Note that this NOT set in stone because they have not made an official announcement, but that is the current intention/plan, and I have to believe it is likely or he would not have made that statement to the House. + +NONE OF THIS APPLIES TO STATE TAXES. How your state handles taxes on unemployment is going to vary by state. If your state usually taxes unemployment income and they have now decided not to, but you have already filed, you will still likely have to file an amended state return. If you haven't filed yet, you may have to wait until they have updated their systems to account for a new tax break. All of that is going to vary state by state. + +How much, if anything, you get back because of this is going to vary based on how much you withheld this year - both from unemployment income and other income since it is all one big pot of income - how much you made total, your tax brackets, and other factors. The only simple answer to that question is that the amount of income you had to pay taxes on will go down by up to $10,200 (as long as your total income is under $150K). So you now owe less taxes to the government. If you over withheld and were owed a refund, you will get a bigger refund. If you under withheld and had taxes due you will owe less, or maybe get a refund instead. Those exact numbers are going to vary depending on your particular income situation. + +UPDATE: Additional refunds will begin being processed in May - [https://www.reddit.com/r/personalfinance/comments/mhezuz/the\_irs\_release\_further\_guidance\_regarding\_10200/](https://www.reddit.com/r/personalfinance/comments/mhezuz/the_irs_release_further_guidance_regarding_10200/) +My 22 year old son was the sole beneficiary of my work insurance policy, my 401k and my IRA. He was the killed in a car accident last week. I would like to make his daughter the new beneficiary but not have a situation where the mother has control of the money. Can someone explain how to do that? Is naming my granddaughter as the beneficiary enough or do I need to setup a trust first and name the trust the beneficiary? + +EDIT: I tried to reply to as many responses as I could but it got a little overwhelming. Thank you all for the advice, which seems to be consistent about what course of action to take and especially for the kind words and well wishes. +My bank let me open a traditional IRA account at 0.4% interest. I was only to pony up $50 to open it, and hubby and I can only afford to put maybe $35-40 a month in it. When it's worth $2,500 or more, then I can lock in at 4.9% interest rate. + +r/finance makes me feel like shit because I can't do more, I didn't shop around for the highest interest rate. In other words, I didn't do it "their way" + +I'm going to be 40 in 9 months. I've already wait 20 years too long to start my IRA. I felt like if I didn't open one with SOMEHTING, I'd keep making excuses and putting off opening up one. + +We've been banking at the same local bank now for almost 10 years. They have been nothing but good to us. Free checking and savings the past 10 years and they plan on keeping the free checking/savings account option for years to come. + +And honestly I felt like if I didn't do this now, open a retirement account with something and put what I can in it each month, then another 20 might fly by and I'll have jack shit to my name. + +&#x200B; +In Norway this is in the news about GME and DFV today📰 +They are in fact telling the truth to the people. + +https://finansavisen.no/nyheter/finans/2021/04/17/7657991/gamestop-guruen-kunne-tatt-60-millioner-i-gevinst-doblet-heller-posisjonen[News article](https://finansavisen.no/nyheter/finans/2021/04/17/7657991/gamestop-guruen-kunne-tatt-60-millioner-i-gevinst-doblet-heller-posisjonen) + +Google translated the text to English: + +The GameStop guru could have won 60 million - doubled the position + +The man behind the Reddit uprising could sell options and make quick millions, but chose to double the exposure. + +Keith Gill, the main man behind the shorts squeeze of GameStop earlier this year, just doubled his exposure to the forgotten game stock. +The investor, who goes by the nickname DeepF *** ingValue on Reddit and Roaring Kitty on YouTube, exercised all of his 500 options that expired on Friday. That gave him another 50,000 shares in the company at a strike price of just $ 12. +The GameStop stock closed at $ 154.69 per share. action Friday. Had he sold the shares, he could have earned more than 7 million dollars - almost 60 million kroner - on the bet. +As if that were not enough, Gill bought another 50,000 more shares in the company, bringing his total exposure to the company to 200,000 shares worth more than $ 30 million. +Gill's cost price is now $ 55.17 per. share, according to his own update on the Reddit forum r / WallStreetBets Friday. +However, the GameStop saga is far from over. The company is in the middle of a reconstruction and will take advantage of the price rally we have seen in recent months. In connection with that, the company has brought in Chewy founder Ryan Cohen as board member and former Amazon and Google director Jenna Owens. +How old were you, single/ partnered, price, location, current value etc… + +For those who haven’t bought yet or are looking to buy, what’s your story? + +Looking to hear stories from redditors on here. + +I’ll go first - Haven’t bought yet, 23M single. Have a decent deposit saved up but looking to travel next year or live/work abroad. Building up my ETF portfolio instead +There are new people coming in and asking questions, but getting sandwiched between the 4+ memes for passing 300, and the 4+ memes for passing 350, and another 4+ posts about lambos. + +The excitement and content is worth keeping, but maybe it shouldn't account for 3/4 of the front page. + +Stuff like developments on ETH ERC20 tokens, and newbie questions are getting blotted out pretty hard, in a time when we need to be most facilitating of newer people. +\*Obligatory - I am not a financial advisor and this is not financial advice. All investors must do their own due diligence and come to their own conclusions. Question everything, including my work. + +Many of you likely saw this document circulate in a couple of posts about a week ago: + +[ A single security exhibiting idiosyncratic risk caused a $1.1B margin shortfall for the NSCC on 1\/22\/21 \(actually a $1.06B shortfall but we're splitting hairs\). The next paragraph describes high volume and volatility in $GME along with info on the margin calls issued on 1\/27\/21. ](https://preview.redd.it/ju0d88lrlv8a1.jpg?width=700&format=pjpg&auto=webp&s=5615355802e8a7a6cda91cac2f10c6cea6436db9) + +I wonder if the idiosyncratic security and $GME are one in the same? Of course they are, but let's look at all the data to draw our conclusions. + +**TL;DRS** + +Getting to the source of this document and breaking down this information shows how $GME is idiosyncratic to the NSCC & OCC clearing funds and their members. I have already supplied the technical DD for most of this information [in this post](https://www.reddit.com/r/Superstonk/comments/t8mujx/the_nscc_liquidity_crisis_an_idiosyncratic/?utm_source=share&utm_medium=web2x&context=3) as well as a summarization of the information [in this post](https://www.reddit.com/r/Superstonk/comments/v0gdoe/the_continued_nscc_liquidity_crisis_an/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=2&utm_content=share_button). So, I am going to summarize the information again, and add new info from the latest disclosures. We’ll also explore information recently discovered in the OCC disclosures which states their largest margin breach in 2021 was from a linear stock borrow in $GME from 1/25 – 1/27. The OCC is responsible for [clearing and settlement services](https://www.theocc.com/company-information/what-is-occ) for options, futures, and securities lending transactions. The NSCC ultimately clears the OCC trades though. + +The NSCC absorbed those $GME borrows from the OCC, and those borrows (along with new $GME trades being added on) continue to cause margin shortfalls for the NSCC as the NSCC has declared an idiosyncratic or concentrated security as the cause for their largest backtesting margin shortfalls every quarter since Q1-2021 (aside from one (Q2-2022) where they blamed a market self-off based on fear of inflation and monetary policy tightening… Which is just blowing smoke imo). The idiosyncratic security came back on the menu in Q3-2022 as it is relisted as the cause for the largest margin breach again. Here’s a timeline: + +https://preview.redd.it/19ic88gido8a1.jpg?width=1280&format=pjpg&auto=webp&s=07ee7b781e97092d141319399ccaca0d981e53fe + +Here are cutouts from the Q1-2021 disclosures of the NSCC and the OCC. + +# NSCC Q1-2021 Disclosure + +[NSCC Quantitative Disclosure Q1-2021 - explanation of margin backtesting shortfall](https://preview.redd.it/n6dn3ywkeo8a1.jpg?width=1012&format=pjpg&auto=webp&s=83996c976423706355e9071777ebcf60976cd37a) + +[Disclosure 6.5.4 lists the NSCC's largest margin backtesting shortfall\/breach](https://preview.redd.it/85bhkunueo8a1.jpg?width=1296&format=pjpg&auto=webp&s=105a85627d879877392df7e9c59d8211766afd14) + +# OCC Q1-2021 Disclosure + +[6.5.4 on the OCC disclosure also lists \\"a linear stock borrow in $GME stock between January 25th and January 27th\\" as the cause for their largest margin backtesting shortfall which happened to be $2.0B](https://preview.redd.it/ewq2v4n1fo8a1.jpg?width=1353&format=pjpg&auto=webp&s=f1d6baf2e11cd52c4850b71e794d84509b5f5208) + +[OCC Quantitative Disclosures](https://www.theocc.com/risk-management/pfmi-disclosures) + +Since the NSCC ultimately clears the OCC trades, quite a bit of exposure was passed from the OCC to the NSCC during clearance/settlement and it makes sense why we would see a large margin call from the NSCC on 1/27/21 due to the margin shortfalls in both the NSCC and the OCC. + +# NSCC Disclosures Since Q1-2021 + +Since Q1-2021 the NSCC has repeatedly called out an "idiosyncratic" or "concentrated" security as the cause of their largest backtesting deficiencies. As can be seen here: + +https://preview.redd.it/kvtwy8weho8a1.jpg?width=1009&format=pjpg&auto=webp&s=4da6cea176c37962dfadc0a07458911f54aa2bea + +And here: + +https://preview.redd.it/o7rz5vbyho8a1.jpg?width=1013&format=pjpg&auto=webp&s=b27f8f7cf12f1fd7a9d9df99458742e41780f9f2 + +One, two, skip a few, and here: + +[As noted, Q2-2022 is the only quarter that does not reference the idiosyncratic\/concentrated security](https://preview.redd.it/ct40ncl7io8a1.jpg?width=954&format=pjpg&auto=webp&s=3bb21936084623d31d2c3e6dfdd35592f7c4ced5) + +# Cover One Standard + +There is another important piece that needs to be reviewed and that is the NSCC’s “Cover One” Standard which requires the NSCC to have enough liquid capital on-hand to cover the bets of their largest member. Well, it just so happens that the NSCC has sucked ass at following this standard ever since Q1-2021 as they have repeatedly found themselves short of the obligation, or they used a new rule NSCC-2021-02 (implemented 6/2021) to pull Supplemental Liquidity Deposits (SLD) from their members to avoid further shortfalls. Seems like the NSCC's largest member sure placed a lot of lofty bets beginning in Q1-2021. + +Here’s a visual representation of how many times they have been short of the obligation AND how many times they’ve needed to pull SLD in because they were likely short of the obligation. These reports were released beginning in 2015: + +[Had they not been able to pull SLD, they may have been short to cover the largest member's potential default 23 times since Q1-2021.](https://preview.redd.it/do826q2nko8a1.jpg?width=655&format=pjpg&auto=webp&s=bf3cc44986b71b4c33b721570882439437d15f49) + +Digging deeper into the filings, we see that the Cover 1 shortfalls listed in Q2-2021 were caused by **Russell Index Reconstitution** and **June Options expirations** (Hello, OCC). What Cohencidental timing, as $GME was moved from the Russell 2000 to the Russell 1000 on [June 25th, 2021.](https://www.shacknews.com/article/125334/gamestop-gme-joining-the-russell-1000-index-rebalancing-set-for-after-the-market-close) + +Options expirations continue to be blamed for their Cover One shortfall of their largest member's bets along with this little nugget: + +[Showing the NSCC\/OCC relationship and how options expiry dates are particularly troublesome for them. Almost like their largest member is trying to control a certain idiosyncratic stock through options \(among other tactics not listed in this post\).](https://preview.redd.it/02i0l4jcoo8a1.jpg?width=990&format=pjpg&auto=webp&s=f666290714d6d1d00bc4b9ee9a207edf70e2f447) + +The NSCC has submitted other rule proposals which I believe have been used to cover the shortfall of their Cover One Standard, and I touched on those in my prior posts so I'm not going to go into them right now. Namely, NSCC-2021-016 (approved 8/26/22) and NSCC-2022-006 (approved 11/17/2022). + +# Loss Waterfall + +Finally, a very important note is what happens if a member fails a margin or SLD call and defaults on their payment obligations: + +https://preview.redd.it/elajklve6p8a1.jpg?width=734&format=pjpg&auto=webp&s=60f68a65a020fbba12fe6ea7f5ad7f800dea22d3 + +NSCC members will be required to plug the hole created by the defaulting member after the NSCC has burned up the available resources from the defaulting member and their own "Corporate Contribution", regardless of what position the other members have in relation to GME. + +[NSCC Member Directory](https://www.dtcc.com/client-center/nscc-directories) + +From the [OCC Default Rules:](https://www.theocc.com/risk-management/default-rules-and-procedures) + +https://preview.redd.it/rffli4zedp8a1.jpg?width=1237&format=pjpg&auto=webp&s=13daa5b2a385c5cc17b729b1280ddc19bdd14df2 + +https://preview.redd.it/t7hyyp9zut8a1.jpg?width=629&format=pjpg&auto=webp&s=cf7a22c63e051dcd891c4ba480a747cc0110c50d + +$GME is an idiosyncratic (*specific*) risk to the NSCC & OCC Clearing Funds and the NSCC/OCC members should a default with payment obligations over the available resources of the NSCC & OCC occur. + +I wonder what happens when $GME is trading for millions of $ per share on the lit exchanges? + +Tanks fo reedin💜 + +Edit: Removed for brigading due to including a username. Username removed from post. + +Edit 2: The description for the first picture was deleted when I changed the picture. I've added it back. Also, please check out the original posts referenced at the beginning of this post for more detailed information. +This is reposted every couple of months, but it is useful to remember. If you're a customer in good standing, banks will often waive fees on one condition: You have to ask. + +I'm posting this now because my bank charged me $30 for going over my credit limit. The following is the dialogue I had with my bank: + +Me: Hello, a few days ago I was charged $30 for going over my credit limit. I was wondering if you guys could waive that for me. + +Her: One second Mr. X... (10 second pass)... Okay, the fee has been waived. Just be aware that your credit limit is $X and if you go over your credit limit, a fee will be automatically applied by the bank. Is there anything else I can help you with? + +Me: Nope, thank you. + +Her: Have a good weekend + +That's it. Call your bank if you have a fee that you don't want to pay! +With all the crazy gains coming off of meme coins in the DeFi space, we can get a little lost on the utility of blockchain. After all, BSC has essentially rolled itself out as nothing but a host of imitations so far and Ethereum projects are still working through gas issues as well as expanding fiat on-ramping. + +But when you look at what a trustless ledger can do for all of us that the internet alone cannot, it’s going to find value in handling multitudes of microtransactions at blazing speed, minimal fees, and best of all, without the intervention of a third party. + +This opens the door for a number of businesses that faced huge logistical hurdles in finding adoption of their digitally-based product, previously requiring messy KYC procedures and massive overhead costs that come with being a custodian for consumer funds. + +**Aloha, $ALOHA,** is delivering a product that checks every one of these boxes in exploring what blockchain can really add to global economy infrastructure. By giving people the **ability to buy or sell excess mobile data peer to peer** **in a decentralized and frictionless environment**, an entirely new marketplace has been given life. + +When you consider that retail banking has been around since the 1400’s with 4 billion people banked, and retail cellphones have been around for, I don’t know, 30 years, with already 3.5 billion people owners, you can see the size of the market we’re discussing. So when it’s been joked about for centuries how much money is created from just skimming pennies off of banking transactions, you might just see what Aloha has in mind. + +After all, the M-Pesa became a huge cryptocurrency in Kenya because it allowed unbanked citizens who had phones to access banking through crypto. Imagine if you told them they could also make a buck selling their excess mobile data and get paid to the only bank they know? + +**And yeah, you can still laugh when you see on their roadmap a $50M revenue projection for 2022, $100M for 2023, and eventually $800M by 2026**. Just know, the only laughing I’ll be doing as a holder is on my way to the bank. + +By offering the security of cost-efficiency of the blockchain for the sheer number of transactions required to make this a profitable business, Aloha’s public team (check out their LinkedIn profiles, this is an extremely experienced group) has struck gold on a previously untenable market. + +While there have been teams in traditional finance that have tried this, Simplify being one, they’re not going to be able to stand up in the long-term to the advantages that Aloha presents. **With Layer 2 being set up shortly on MATIC, Aloha will have access to margins that are simply unavailable to competitors.** + +And with a catchy name, mobile apps already available for Android and Apple, and the unique opportunity to stake for a share of that crazy projected revenue I mentioned before, it is a smart buy to get in on the **world’s first decentralized P2P mobile WiFi network** that could easily reshape how we combat rising internet costs and wasted mobile data. + +**At a** **current $2M market cap (not a typo) and without a single holder possessing more than 100k of tokens in a 30M token circulating supply**, this is a safe bet to launch in the near-term as the bull market starts turning its eyes towards real projects with real futures and away from the shitcoins. Newly-minted whales from SOGEMUSK or Axolotl coin will surely want a safe harbor to see their gains multiply and it really won’t get easier than an idea like this to park in. + +But regardless of whether you invest some ETH or not, be sure to check out the mobile app and at least trade that excess data if you got it (apparently 67% of us let some portion of our monthly allotments expire). After all, unlike your extra data, your returns in ALOHA, and their NFTs, might actually appreciate. + +Website - [https://alohadefi.io/](https://alohadefi.io/) + +Telegram - [https://t.me/AlohaDeFi](https://t.me/AlohaDeFi) + +Uniswap - [https://app.uniswap.org/#/swap?inputCurrency=0x455f7ef6d8bcfc35f9337e85aee1b0600a59fabe](https://app.uniswap.org/#/swap?inputCurrency=0x455f7ef6d8bcfc35f9337e85aee1b0600a59fabe) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* 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 live in a low income area. Where I live, it is seen as normal to drop out of high school. It is also normal to have kids young. I watched how that screwed up some of my friends’ lives and I decided that I don’t want that for myself. I want a life beyond being a high school dropout with 2 kids on welfare by age 20. I just don’t want to become another statistic. +My dad was making ~700-800k/yr for some time and recently bumped up to a bit over a million a year, but he's nearing retirement age, probably will retire in the next decade. He knows a lot of people in similar high salaried positions - VPs, directors, CFOs, leadership for each region/vertical, etc. - basically the fairly common "did very well in a corporate career" outcome. + +In all those positions, it seems like it's pretty hard to exceed a ~$1m/yr salary, maybe $2m if you're in finance, without being very close to the top at a very big company. + +So there's a bunch of people making maybe 1m a year for 10 years (since they're typically nearing retirement when they hit their peak), and they retire with liquid savings somewhere in the 10-20m range. + +My question is, what are some paths from that 10-20m "I got paid a pretty big salary" range to the ultra HNW 30m+ range which seems to be mostly dominated by business owners and CEOs? + +Is it most common to just invest and hope you get a bit lucky? What options are available at that 10-20m NW range to try to grow your wealth faster (hopefully reaching bigger numbers close to retirement, rather than well after)? Real estate? Private equity? Angel investing? +My Dad told me that the company he works for has a trading policy where he and any immediate family members living with him have to register all their trades and get them approved. He also said I have to close my Robinhood account because it is not a company-approved broker. He is not an executive or a 10% shareholder but he is apparently still subject to strict policy. Anytime I want to buy or sell something I have to ask the company for permission which I think is a little strange. I essentially can’t make any short-term trades because of all the hoops to jump through. I don’t mind handing over my account info just so they can passively monitor my transactions but the way they tell me how I can and can’t spend my own money feels kind of unfair and overbearing. +He's looking at BBBY and sees the value in the company and knows that the executive branch is basically robbing their shareholders by paying themselves more than they deserve, only to run the company into the ground and give up market share to Amazon. Now, he knows that the simplest way for them to turn around the company is to get a real CEO in there who also sees the value in the company and is willing to accept compensation via stock instead. Now if RC was to come out and call for the CEO to step down, that's more of a hostile approach and he may not be able to get other shareholders on board with that. However, he basically said that the executive branch is getting paid disproportionately higher than other similar companies with higher market caps. So he called for them to reduce their pay to be more in line with their current market cap. Now THAT's a message other shareholders can't argue with. AND what self respecting greedy CEO would subject themselves to a pay decrease? None. So there you have it, CEO steps down and puts himself back on the market for another company to hire him and he can drive them into the ground, and Bed Bath gets to appoint a new CEO who is motivated to transform the company and is maybe onboard with RC's other recommendations. And there you have it. Wombo Combo. Shorts r fuk. Ryan Cohen is my dad. +During the Gold Rush, the people who made out the best were the companies selling pickaxes to people looking to mine gold and get rich. Most gold miners failed and earned very little and/or nothing while the pickaxe companies made millions. + + +STOP BLINDLY LISTENING TO CONTENT CREATORS SELLING YOU HOPIUM, NO ONE KNOWS WHATS GOING TO HAPPEN. Posts that have "hopium" or positive outlooks garner way more views and interactions than bearish ones, thus making more money. While it's nice to have a positive outlook, these guys will be telling you everything is OK and to buy the dip all the way down to 0 because they will still be making TONS OF MONEY by saying that. If the market truly collapses and goes into a multiyear bear market, they will still be making money off hopium while everyone else loses a lot of money. They are in a win/win situation with their content and they do not care about you. They care about selling their hopium as views which makes them money. If the market tanks, goes sideways, or moons, they will be making money. You have ZERO evidence they believe in crypto as much as they say and you have ZERO evidence they even have their money where their mouth is. + + +Everyone is a genius in a bull market and hopium is selling at an absolute premium right now. Always be careful listening to people who literally get paid to say certain things by people looking to hear those certain things. When things change, they will not change with the times. + +If YOU believe in Crypto, that's all that matters. Don't believe in Crypto because someone is making money telling you to believe in it. Form your own opinions. Crypto content is massive right now and people make A LOT more money posting hopium than they ever will telling you to be careful and pointing out the risks. +Let's say I am an average human being, and want to become financially independent. So I got a second job, and I figure I can have 100K in the bank in 3 years of working this way. I am about 4 months into this lifestyle at this point, so the math is there to support the 3 year timeline. + + +If I have 100K dedicated entirely to long-term growth, such as the S&P 500, then I would likely be safe to retire when I get older, right? (Looking at retiring at, say, 65, while I am currently in my early 20's) + + +But if I put 100K into dividend stocks, I could see that income piling up in my bank account every month/quarter, then invest any excess into the S&P 500 thereafter + +&#x200B; + +Is there any reason I shouldn't prioritize dividends first? I like the idea of having the visible income, as opposed to the 'hypothetical' income of growing stocks. +Hi there. So I have about 90k in savings just laying there in the bank \[plus a roth IRA\]. And I REALLY WANT TO GET INTO INVESTING.. basically anything where i don't have to trade my direct time for money.. + +Any advice for someone who's looking to get into this? + +Edit: Please do not DM me. I'm not going to give you my savings (not even a penny) just because you have some business and can double my money in xx days or some other BS. +I plan to retire early and was look at withdrawal requirements and you are exempt from certain expenses if you withdraw before 59 1/2. Home purchase, education, child birth are a few of those exemptions. But I don’t plan on using my retirement money on any of that. It says I can with drawl contributions but not earnings with out early withdrawal fees. Could someone enlighten me ? +So, you probably groaned in your head when you read the title. Retirment planning is not something that you feel is something that deserves your attention because 'Hey, my career started quite recently! I have a long way to go before I start worrying about things like retirement, right?' + + +Wrong! Now I am not asking you to worry about it. But through this post, I will hopefully be able to teach you why you should do it whilst explaining the different options that you have out there. + + + +According to a MetLife India Insurance survey results published in 2008(kinda old but I doubt if much has changed), over 80% Indian employees have done no retirement planning independent of any mandatory government plans. For comparison, those numbers stood at 58%, 46% and 31% for Australia, US and the UK respectively. + + +In India, while almost three out of four employees (71%) say they are “concerned” about outliving retirement money, only one out of every three (35%) say they have taken steps to determine retirement needs; only 20% say they have done actual planning for retirement. + + +Personally, I think it's a cultural thing. My brother affectionately calls his first born as 'Retirement Plan A'. Our parents/uncles/aunts did support our grandparents in some way or the other. You probably already know that it's a bit of a struggle to support our own parents. It's rather easy to extrapolate that we shouldn't expect much from our children. I mean, I consider myself to be fairly 'well brought up' but when it comes to having the discipline to be regular in sending money back home, turns out, I am a selfish douchecanoe. And if there's one thing I've learnt on reddit, it's that I am 'not the only one'. + + +Combine this with the fact that our country's social security is system is kinda non-existent, you and your spouse(if you're into that) are going to have to be the ones who'll have to look after yourselves. You probably have a lot of other goals that you want to plan about (like buying a house or car or preparing for your children's education, or going on a world tour, etc) but most financial planners will agree that retirment planning should be your top most priority. + + +Thanks to the time value of money concept, the sooner you start, the better it will be. + + +TL;DR:- THOU SHALL PLAN FOR RETIREMENT OR THOU SHALL REPENT! + + +Like all my previous posts, I am going to assume that you are not a financially savvy person and am going to try and break it down for you. + + +**Question no.1 How can I know how much money I'll be needing post retirement?** + + +To be honest, there's no accurate answer to that question. You'll have to make a whole lot of assumptions not only about yourself but also about the state of the economy. But the lack of accuracy shouldn't put you off from doing what you can right now. As they say in /r/running, 'When you've just started, it doesn't matter how much distance you run, you're still doing better than the millions of guys who are just sitting on their couch.' + + +Okay, that might have been a little too dramatic, but you get the point. Moving on. + + +Visualise yourself at the time of your retirement. I know it's tough but just do it. What is your average day going to look like? Resist the temptation to wonder if they've invented Star Trek style transports. A good way of doing this is to look at your retired parents and grandparents. What are their lives like? My folks spend a whole lot on groceries, medical bills and people's weddings and funerals. They travel every couple of months to visit their children or host their visits. The question is, are they spending more money than they used to when they weren't retired or are they spending less money? + + +More often than not, you'll find that their expenses have actually reduced since their pre-retirement era. Simply because, they don't go out partying every weekend, they no longer need to spend on their children, they no longer think that over-priced coffee is the besht, they no longer feel the need to watch movies within the first week of it's release and so on and so forth. + + +But then again, this differs from person to person. Some people assume that their post retirement household living expenses will only be about 70%-80% of their pre-retirement household expenses. Not a bad assumption IMO. + + +So, going with this assumption, suppose you currently spend about Rs. 20,000/- per month on stuff like groceries and utilities, etc, assuming you'll only need 80% of your expenses, when you retire about 30 years from now, you'll be spending about Rs. 16,000/- only, right? + + +Wrong again! *"Accept certain inalienable truths...prices will rise, politicians will Philander, you too will get old, and when you do you'll fantasize that when you were young prices were reasonable, politicians were noble and children respected their elders."* (In case you are wondering why that sounds familiar, it's from the legendary song called Sunscreen by Baz Luhrmann) + + + +What I am trying to say is, you will have to factor in INFLATION^INFLATION^INFLATION^INFLATION. The amount of stuff you can buy for Rs.100/- today will be a lot less 30 years from now. Inflation Rate in India averaged 9.83 Percent from 2012 until 2014, reaching an all time high of 11.16 Percent in November of 2013 and a record low of 7.55 Percent in January of 2012. Ceteris Paribus, let us assume that over the next 30 years the average inflation rate is 8%, then, to maintain the same level of expenses of Rs. 20,000 per month, 30 years from now, you will need to spend about Rs. 2,00,000/- PER MONTH. (You can do the math yourself using the FV formula in MS Excel. *Rate* will be the expected annual inflation rate, *nper* will be the number of years left to your retirement, *PV* or present value will be your present expenses). + + +I am not sure what salary hikes are like in your industry/company, but for people like me who are in banking, if you are an average to above average performer, assuming you work continuously, chances are that your salary will rise in tandem with the inflation. In which case, you don't have to panic as much. People tend to shift jobs every few years and get an average hike of about 25% at every jump. This will hopefully keep your income above the inflation line. But let us assume that you are an average joe and that you won't be jumping around much. How the hell are you going to maintain your lifestyle once you are retired? Plan my friend. Plan! + + +You need to figure out your required retirement corpus and start building towards it. Assuming you have a life expectancy of 75 years, this corpus of yours should be able to support you for approximately 20 years past your retirement. + + +I hope I didn't scare you. Did I scare you? I did want to scare you but just a little bit. Relax people, there's a whole bunch of retirement planning products out there and your-friendly-neighbourhood-aspiring-financial-planner is going to break them down for you. Before we move on to that, if you want to further discuss exactly how to arrive at your retirement corpus, make posts explaining your specific scenarios. Use throwaways if you are uncomfortable with sharing your details. We'll discuss your case as a community. + + +**Question 2: What kind of retirement planning products are out there?** + + +In the interest of time and space, I am going to be very brief about each one of these. If you want further clarity on any of these, feel free to comment below or start a new thread. Also, I have left out the usual suspects like FDs, Mutual Funds, Insurance policies, etc. + + +Which of these products or a combination thereof are best suited for you is something you are going to have to figure out yourself. Preferably, in consultation with a professional. Also, make sure that you keep reviewing your choices periodically to ensure that they are in sync with your expectations. + + +Due to character restrictions and to facilitate future discussions, I am going to post each product as a separate comment. + + +P.S:- The rates and rules are as current as I could find, if you find that the information provided is incorrect/outdated, feel free to point them out. + + +[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!* +I'm always on the lookout for low market cap coins that have high potential but haven't gotten hyped yet. The problem is that they are easy to miss until it's too late. + + +These are my sleepers that I think will be huge in 2018: + + +Metal - Absolute game changer, will bring crypto to the masses + +District0x - Wordpress/Squarespace for decentralized websites + +0x - Big asset to the Ethereum community for payments + +Blocktix - Event hosting and ticket sales + +Delphi - Might have far superior product to Gnosis/Augur + + +What about you guys? + +Walmart is investing in NVIDIA chips, which are high-level graphical processing units (GPUs), in order to build out its cloud network, Retail Dive reports. +http://www.businessinsider.com/walmart-nvidia-cloud-2017-9 +To be 100% clear, DRS IS THE WAY!!! However, I personally have XXXX shares sitting at various brokers inside of self-directed IRAs because I'm not confident that I can DRS them without tax implications. Each time we try to get clarification, we are told to consult a tax professional (We saw this with the ComputerShare interview recently, for instance). + + +WE ARE APE STRONG, so there must be a few of us who actually are tax professionals who can research this for us. Anyone willing to stand up and bring actual closure to this for us? I'm sure many Apes would love an answer on this. + + +DRS IS THE WAY, so let's do this! + + +I will start by saying I know I'm not the worst off, there will be people in a worse position to me in this country and there are people far worse off in other countries. I understand as an average across the planet I am most likely far above the average. So don't think I want people to cry for me, that's not my intention. + + +It's just a bit shit, that my job isn't exactly pick up any guy off the street to do it work, it's fairly educated work (mechanical design engineer) using software that can take people a long time to learn and even longer to get to the level I and my colleagues are at. I feel like I just went into the wrong profession completely. When you hear of other jobs which are seemingly less or as skilled as yours earning double, triple etc, with better pensions (mine is essentially the bare minimum allowed by law), perks like car allowance etc. I get no perks. I just get my salary, no over time paid either. Nothing. Yeah I know I took the job with those conditions. However it's a problem of the industry I work in, so it's not like I can move to another job and get better perks, as it's just bad througout. Especially locally. + + +So I have to then think about moving career completely, but I'm almost 30 and feel it's too late to try and move into a higher paying field of work. Everything I did in life leading to this point was because I knew I wanted to create things, but in the end, when you do it 40 hours a week for year on year it becomes just as mundane as any other job. Kind of like how a professional poker player at one point loved playing poker for fun and it's now just a complete chore and something to pay the bills. + + +Just insane how much money there is on this planet and for the average person it's just not available to them. Makes me sick seeing people at work, do overtime for no reason, no pay increase - no over time pay. Then the director/owner pulls up in his £75k car from his £600k house. Why are people giving more time for free, if you are the boss of a company and you make your wealth known then why should anyone do anything for free for you? The whole salary/work system is an utter scam for the average person. + + +I once had a job where on the day I started, my boss told me it's expected we work at least 30 minutes of over time a day, unpaid. The owner of that company had it handed to him through no merit, just that he came out of his dads balls yet turns up to work every day in a top of the range Range Rover, rubbing it on our faces while we do his 'expected overtime' for no extra pay. It blows my mind people just accept this, you're putting in effort for no return so someone else can get rich. Some company owners/directors earn what they have got, no doubt about it but for fucks sake, I wish some of them would pay back more to their staff than they do. + + +The worst thing is, it's somehow drilled into peoples minds that you're a worse employee for not working as much free overtime as they do. No mate, you're just a complete and utter mug and you have been brain washed into thinking it's acceptable to be treated like that. I will work overtime if the company is essentially depending on it for a job I am working on. If it's crucial we hit a deadline and I haven't got the work done. + + +I am guessing some people here will completely disagree with me, I suspect I will get some abuse, called lazy etc but this is my opinion, this is how I feel and I need a better argument to convince me I am wrong than being called lazy. All other animals spend most of their lives sleeping, humans are the only species that spend more time working than sleeping. What the hell do we do it for, so we can scrape by each month while big companies take us all for a ride and come up with new ways to take that hard earned money off us? +All these “news” article headlines are getting so old. I don’t even bother reading them anymore. I will say these are most likely not good “selling” prices but yes prices COULD fall even more.. prices also will most likely rebound once some negative macro economic activity slows down (hopefully later this year) so this COULD be a good time to buy. + +With that, I just saved you time in reading literally every single article with a headline similar to the one above 😒 +So far I’ve heard that down payments on investment properties can be anywhere from 15 to 30%. I’ve been thinking of going into real estate investing. There are a couple of properties I’ve seen in my area with attractive prices that will either break even on rent or require just a little more from me. The issue is I do not currently have 15 to 30% of 350k in cash and was wondering whether borrowing from my 401k is an option. + +Does anyone has experience with this? How did it work out? + +Update: + +Thanks a lot to everyone for the replies. I’ve learned a great deal. The overwhelming response is “no, not wise”. I’ll go with that. Like I said in a reply, I’m itching to get started. But I’ll have to wait to save some more, at least to pay the DP. + +A few others have pointed out how they did it and it turned out great. One has to consider though that the RE prices and interest rates are very high right now while stock prices are low, so while it may have made sense a few years back, the numbers won’t work the same now. + +Thanks again! Y’all are great. +I am a first-time seller with no friends or family to guide me and I am really torn on which option to take here. Hoping to get any advice or perspective from others. + +I live in a great area, amazing top-tier school system and my mortgage company suggest my property value estimate around 250k-270k. I purchased it for $170k. + +My agent ran comps and suggested I aim for $260k but since then some of the dropped prices nearby. + +I have two offers at best and final: + +1: Asking price $260k: contingent on the mortgage, only putting 3% down, contingent on appraisal + +2: $250k cash offer + +I am new to this and only now learning about if it appraised lower that I could lose the sale if they can't come up with the difference down then they may not have the capital and I could end up back to square one. They also won't get final approved financing until a few days before closing (is that normal? or something i should be worried about?) + +I was advised not to wait too much longer for other offers because if it's too long people can lowball more seeing that it's hard to move. (Places around me usually go within a few days) havent gotten interest since these offers either. + +Seems like a safer bet to take a cash offer, but they refused to go higher and just was such a difference for me. I'm really not sure what to do. Maybe I am overthinking this and should just go for the asking price person? If anyone has any guidance I'd really appreciate it. I just feel like agents are kind of biased in opinions for a quick sale when the cost difference for them is much smaller. +A trillion is a very abstract concept to basically everybody. I could say you have 3 trillion cells in your body, or that a trillion dollars is 5 Jeff bezos, or that a trillion years is 69.9 (nice) ages of our ENTIRE UNIVERSE. + +But these numbers mean absolutely nothing. They’re so distant and abstract that the comparisons leave you with no more understanding than you had before. Instead, I’m going to try to make these huge numbers hit as close as home as possible. Are you ready? + +First, let’s get some numbers out of the way to prove a point. As of the time of writing this, the [M2 money supply](https://fred.stlouisfed.org/series/M2SL) (savings, checking, cash) sits at 20.3 Trillion dollars. That means the RRP is currently transferring *5%* of the total amount of spendable USD in existence. + +Even more scary, if you look at the [M1 money supply](https://fred.stlouisfed.org/series/M1SL) pre March 2020 (they changed the definition to include savings accounts so the huge spike afterwards is just a technicality) where we only had ~$4 Trillion, *25%* of all of that money now sits in RRP. + +Now, time to bring this astronomical amount to a measure you can understand. + +Are you ready? + +Look at your checking account, 25% of that is in RRP. + +Look at your savings account, 5% of that is in RRP. + +And that is true for EVERYONE! + +That’s how big this is. +**Fellow apes of r/ superstonk. We're making a documentary about all of you and how you're fucking up wall street.** + +🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧-- **LATEST AND GREATEST**\-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +As we continue to make our film we'll be dropping videos here and there to keep all of you stoked and aware of what's happening. The latest is taken from clips of the videos you all have sent in. You all have dropped some pretty powerful stuff on us and we feel like we have to share. So here it is: + +&#x200B; + +[for all of you](https://reddit.com/link/n9x3qw/video/unoyff2sshy61/player) + +***background on us below and updates if you'd like to learn more*** + +&#x200B; + +🦧🦍🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **INTRO** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧 + +My name is Finley Mulligan (u/albanak), my brother is Quinn Mulligan (u/cyclopsQHM). We are apes. + +We've been hodling since early Jan, joined the exodus to r/GME and eventually migrated with the first wave of settlers at r/superstonk — we are not outsiders, we want to make sure this story is told right and from within. + +Our mugs: + +[u\/albanak](https://preview.redd.it/q2pus26p7ey61.png?width=3262&format=png&auto=webp&s=ac86f7d8afdb472032583293afc760b94e1147b2) + +&#x200B; + +[u\/cyclopsQHM](https://preview.redd.it/cnohpnlr7ey61.png?width=3286&format=png&auto=webp&s=ec216a3fc52298dda3ec81d7f33099f6374ab6b3) + +🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **BACKGROUND** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +&#x200B; + +We got sick of seeing "retail" investors being portrayed like shit by the mainstream media. + +We couldn't stand seeing the narrative build that the current untenable state of our markets is somehow *our fault* — meanwhile, everyone turns a blind eye to the corruption, illegal practices, and blatant manipulation being practiced by the "institutions" lining the pockets of the asshats condemning us. + +Then the hulu doc came out and we kind of hit a limit. SO. I posted a simple question — "**Who wants a REAL documentary about what's happening with the squeeze**?" and the response was overwhelmingly positive — you had some key points of guidance: + +* The story isn't done 'til the squeeze has squozen +* Ask the questions no one's asking (naked short selling, FTDs, etc) +* Make sure to features the community as much as possible +* Tell the truth even if the truth hurts +* Fuck off, we just like the stock (fair enough) + +We took those tenants to heart and posted [**THIS**](https://www.reddit.com/r/GME/comments/mgoo4a/update_question_who_wants_a_real_documentary/)**:** + +&#x200B; + +https://reddit.com/link/n9x3qw/video/wmh2cq7vshy61/player + +🦧🦍🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **UPDATES** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +&#x200B; + +WHAT WE'VE BEEN UP TO: + +**HYPE/OUTREACH** + +We knew that we wanted to actually hear from all of you apes so we built a [**portal**](https://www.apestogetherstrongdoc.com/ape-video-submission) where Apes could submit videos telling us their story — and boy did you all deliver (*it's still open btw, please submit*). Beyond that, we've also been interacting as much as we can on social media/twitter etc. to spread awareness about the project and to pinpoint key stories/lean on all of you to guide what we should be focusing on. + +**TEAMBUILDING:** + +We can't do this alone. So we reached out to community leaders who have been instrumental in helping the project along thus far. Some that we've talked to or are currently collaborating with are: + +* u/atobitt +* Matt Kohrs +* u/WardenElite +* @/Joshuajammes +* @/tradestrey +* Andrew Mo Money +* Many more who are currently anonymous + +Yes, that's the movie stock people as well — this film is about all apes, not necessarily a single stock. + +**BUDGETING/SCHEDULING** + +The boring part (but the fun part if you're a production management nerd like myself). We plan to crowdfund this project, which will be no easy task. So we've been planning our interviews, drawing out timelines, and decided on what crewmembers we'll need to make a product good enough to compete with the likes of Netflix — no easy task. + +*We also want to be clear and completely transparent that we'll be paying ourselves — this isn't a non-profit. This is our full-time job and we believe artists should not have to work for free — we've got rent too — anyone we bring onto this project we will compensate as much as we can; even if you apes hop on the project to work a camera or work on post-sound; we want to pay you. That being said a portion of the proceeds will be going to a TBD non-profit benefiting financial literacy programs as we believe this is sorely needed.* + +**RESEARCH/NARRATIVE BUILDING:** + +It's a documentary so naturally, there's going to be a fuck ton of research. While right now it's just us we will be hiring professional researchers/consultants to aid in the extremely complicated aspects of what we're sure to uncover — of course, we're all over the daily DD being put out by you lovely primates. + +The following “SYNOPSIS” will be mostly review for you all as you know it all so intimately, but this should give you an idea of the voice we want to approach this film with. + +Imagine throughout this narrative we’re slowly building on complex issues by way of interviews with people like Dr. Trimbath, u/atobitt, David Lauer, Dennis Kelleher, Gary Gensler, Dr. T, etc. + +We'll also pick a diverse group of everyday “apes” to follow whose narrative will ground the story — in the end, it’s about these humans and the change they deserve more than it is about a single stock. + +Also while the tone will range from serious and at times sad or conspiratorial we will work very hard to keep the compassion and humor alive that’s so deep in the community... everyone’s a bloody comedian. + +I'm gonna make the text small because there's a LOT there... + +&#x200B; + +🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧-- **SYNOPSIS** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧 + +&#x200B; + +^(We open with context. 2008, the bailout, and our market’s growth up to 2020 is a vital backdrop for our film. As tech boomed & billionaires raked it in, our economy became more and more dependent on gig work, part-time jobs, and a woefully stagnant minimum wage. Then, as the pressure caused by this untenable wealth divide reaches all-time highs —) \*\*^(the pandemic hits)\*\*^(.) + +^(Millions are left jobless and dying; but, in the midst of this chaos, the people of the world were afforded something usually reserved for the wealthy:) \*\*^(TIME)\*\*^(. Time with their families. Time to breathe. Time to learn.) + +^(And along comes DFV. Intentional or not, Keith Gill turns millions of people on to a way) \*\*^(OUT)\*\*^(. People normally too busy with their third job of the day to pay attention to the stock market. People who always viewed our soaring economy as something removed from them. Not anymore.) + +^(The “movement” begins as a gamble for many. A once in a lifetime chance to catch the “hedgies” with their pants down. So they dive in. Yolo posts flood Reddit, piss drinkers pay their dues on bad bets, tattoos cut into legs — it’s pandemonium and the Jim Cramers of the world do everything they can to spit on these “Apes” for taking part and playing by their own rules.) + +^(And it works. The “memestocks” lead by GME start to squeeze. The mainstream media and market experts grow desperate in their vitriol because they know and can’t handle the fact that this “dumb money” has beaten them at their own game. But the Apes don’t listen. You tubers and Redditors become hubs for information and education. Millions of people collectively decide that CNBC is full of shit and they if they want real information, they’ll have to rely on each other.) + +^(Then, as the hope for a better life and the largest transfer of wealth in history is at an all-time high — robin hood (among others) pulls the plug. Buy orders are cut off. The stocks plummet and the Apes stand holding the bag.) + +^(So the media piles on. “It’s over, give up,” they said. Shills and bots attack) r/wallstreetbets^(, the community disperses to other communities like) r/amc ^(and) r/gme ^(but one thing holds true despite the big money’s best attempts: everybody) \*\*^(hodls)\*\*^(.) + +^(What these HFS and the MSM failed to understand is that these Apes never saved enough for the swim back. The money was spent. The situation was and is so dire for so many, and the thought of saving for retirement such an intangible dream that the chance of this volatile rocket ship flying to the moon STILL seemed less risky than cutting their losses.) + +**^(🙌💎🙌 Diamond fucking hands 🙌💎🙌)** + +^(In this dark moment, the Apes galvanize. Networks for information sharing grow. DD writers hone their craft, Twitter explodes with DD, youtubers tighten their programming, and apes begin the good work of curating this information to help their fellow apes. And as Vlad tells us about his life in Bulgaria, and Kenny counts the lawyers in the room, Keith Gill doubles down.) + +^(Why? Because he likes the stock. Because it was never a gamble. Because he and retail investors were never manipulating the market, gaming the system, or playing dirty pool. The simple fact is the market is a)[house of cards](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)^(and by doing what any good old fashioned investor would do, buying and holding, the simple Ape unwittingly pulled the last Jenga piece from the tower.) + +^(The stock fires back up. We buy the dip. We stay true despite community infighting and an onslaught of bad actors. We battle-harden and continue to dig for information. When) r/GME ^(suffers a massive shakeup nearly 150k apes migrate to) r/superstonk ^(within a day.) + +&#x200B; + +🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧-- **END SYNOPSIS** ***kinda*** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +&#x200B; + +This story isn't finished. + +It feels like a war of attrition at times but with new rules, SEC head, and the simple fact that time is on our side we believe that we will soon see an end to this saga. + +This last act is still unfolding and we won’t be telling an unfinished story — apes are very clear that this film shouldn’t finish until the squeeze has squozen and we want to respect that. + +We’ll be including the community throughout the creation of the film. Offering to show rough cuts, consulting when we’re stuck or need fresh eyes. We believe very much that community engagement is vital to being able to call this a film for apes by apes. + +If you'd like to follow along you can join our mailing list at [apestogetherstrongdoc.com](https://apestogetherstrongdoc.com) or our twitter at @apestogetherdoc + +Please hit us up in the comments below or at [info@apestogetherstrongdoc.com](mailto:info@apestogetherstrongdoc.com) or tag u/albanak in any post you think is worth calling attention to! Special thanks to u/not_ya-wify who's been super awesome doing this. + +This film is for you all, we'll answer any questions you have. + +**APES. TOGETHER. STRONG.** + +&#x200B; + +**EDIT: Sorry the letters are cut off on mobile — Apparently this is a reddit bug?** +*Video Summary:* [*https://youtube.com/watch?v=qWw418Ihc64&feature=share*](https://youtube.com/watch?v=qWw418Ihc64&feature=share) + +The next step for telecommunications around the world is 5G. In the US, the three largest providers in the field are Verizon, T-Mobile and AT&T. The question here is can they offer us a good return on our investment? The obvious choice for industries like telecommunications are the biggest players in the country. Like I said, in the US those players are Verizon, T-Mobile and AT&T so lets dig in and find out which one has the best bullish case. + +# Operations + +Lets start with operations. The amount of wireless subscribers is probably the most important metric to look at because it gives us a good idea of whether the operations of the companies are actually expanding. Plus, it is the main and biggest source of revenue for all three of these companies. Verizon has the most subscribers, currently sitting at 121.3 million, followed by T-Mobile with 104.8 million and AT&T with 97.8 million. Verizon acquired TracFone last year, which boosted their subscriber numbers, but apart from that there was no massive change in subscribers for any of the companies. Verizon has also recently broken the record for most awarded brand by JD Power for Wireless Network Quality with 27 consecutive number one awards. Good product quality is always important so that's a positive for Verizon in my books. Plus, they literally service 99% of the Fortune 500 companies and have partnerships with tech leaders like Amazon, Microsoft and Google. Right now, it seems like the main priority for all three companies is to improve their 5G network and capability. T-Mobile is the leader in 5G with best download speeds and highest coverage of 295 million having access to its 5G services, out of which 140 million people having access to its fastest service . AT&T's fast 5G coverage is only half T-Mobile's and Verizon is lagging behind with only a quarter of the fast 5G coverage of T-Mobile although their total coverage is similar to T-Mobile's. However, AT&T's 5G has a partnership with Microsoft Azure and Verizon's 5G has partnered with AWS. Such partnerships with major cloud providers are definitely a plus. + +Verizon had Verizon Media which comprised of brands like AOL and Yahoo, but Verizon sold its media assets to a private equity company called Apollo Global Management on the 1st of September. The media business was a relatively fast-growing part of Verizon so I'm personally not the biggest fan of that sale. Still, Verizon Media made up only 6.2% of Verizon's total revenue in Q2 so it is a fairly small segment, but it will affect Verizon's revenue and profit going forward. In comparison, AT&T owns Warner Media so you can tell it is a much bigger chunk of its revenue at 21.2% in the third quarter of 2021. They own HBO and HBO Max which have seen an additional 12.5 million subscribers in the past year to a total of 69.4 million subscribers globally. Unfortunately, the gains there were offset by less cinema screenings over the past year although things are obviously picking back up again and we should see better results in the next quarters. Some more bad news, AT&T will be spinning off Warner Media in mid-2022 so that means a big chunk of revenue will be lost next year! I think this will end up badly for AT&T, especially since Warner Media is one of their more profitable segments! Putting that aside, other revenue sources include wireless equipment sales which make up 16.3% of Verizon's revenue, 12.7% of AT&T's revenue and 23.8% of T-Mobile's revenue. Even though it's a big chunk of T-Mobile's revenue, the company actually saw a 5.9% decrease in wireless equipment sales while AT&T saw an 11.4% increase and Verizon saw a massive 30% jump in equipment revenues, which is another plus for Verizon although the question here is whether they can actually keep that up. + +# Revenue and Earnings + +Alright, so we now have a good idea of what operations Verizon, AT&T and T-Mobile have. What does their revenue and earnings look like though? AT&T has the biggest revenue at $39.9 billion in Q3 of 2021, down 5.7% from last year. Their total revenue for the last 12 months stands at $173.6 billion, which is almost identical to the same period last year, meaning there was no growth. Verizon follows in second place with a $32.9 billion revenue in Q3 of 2021, up 4.3% from last year. Their total revenue for the last 12 months stands at $134.2 billion which is slightly up compared to the same period last year when they had a revenue of $128.4 billion. Finally, T-Mobile brought in a revenue of $19.6 billion in Q3 of 2021 compared to $19.3 billion last year. Last year, T-Mobile saw a massive jump in revenue which was mainly because of their merger with Sprint which closed on 1st April last year, but the growth since then has been much slower. For the last 12 months, T-Mobile's revenue was $79.7 billion up from $60 billion last year, but again that's because of the two companies merging. Overall, Verizon and AT&T have seen a relatively small revenue growth over the last 5 years, less than 2% per year, and they only expect a 1% revenue increase next year. In comparison, T-Mobile's revenue has doubled since 2016, which is massive compared to Verizon and AT&T, but again only a small revenue increase of under 3% is expected next year. What about their earnings though? Verizon have the best net margins at 16.4% which have doubled from an 8% in 2015. Plus, Verizon raised their EPS guidance for 2021 by almost 5%. AT&T's normal margins sit at around 9% although they've had a 0.7% net margin in the past year which are due to write-offs and impairments surrounding their media business. Finally, T-Mobile have the lowest margins with 4.2% right now although their historical average is about 5 or 6%. T-Mobile also have a negative free cash flow unlike the other two, which is a bit concerning. It's not a one-off either as they haven't had a positive free cash flow since 2016! That is most likely due to their faster expansion because telecommunications is extremely capital-intensive, but it is still worrying to see that with T-Mobile. In 2022, AT&T is expected to see a 4.4% drop in earnings while Verizon's earnings are expected to stay essentially flat with only a 0.3% earnings growth, but T-Mobile is looking at a 39.2% earnings growth although that follows after a drop of 32% in 2021. I personally don't think we will see such a big growth from T-Mobile and, to be fair, analysts have been reducing their expectations, too. There are just a lot of uncertainties in the market and the economy and a lot can change over the next year. + +# Financial Health + +We can see that these companies are making a lot of cash, but how healthy are their financials? What does their debt look like? Well, surprisingly, AT&T has the lowest debt-to-equity ratio with a 100%, followed by T-Mobile with 106% and finally Verizon with 191.8%! However, Verizon has the lowest effective interest rate with only 1.88% compared to 3.07% for T-Mobile and 3.31% for AT&T. What that means is that even though Verizon has exactly twice the debt of AT&T, their interest payments actually are not that much higher! Also, telecommunications is a very capital-intensive business so this type of debt levels are actually normal for the industry. None of the three companies has substantial cash and none of them can cover their current liabilities with their current assets. However, their quick ratios are just under 1 so the situation is not that bad. + +# Dividend + +Before we move to the valuation, we need to look at the dividend. Telecom stocks are not typically fast growers so their dividend is important to investors. AT&T has the highest dividend at 9.4%, but they are expected to cut it by almost half next year following the sale of Warner Media. Verizon follows with a 5.1% dividend while T-Mobile does not pay a dividend at all! Both AT&T and Verizon pay a higher-than-average dividend. Both of them have increased their dividend every year over the last 10 years although Verizon is the company that can actually afford to pay it. Their payout ratio is 47% whereas AT&T's one is massive, 1,578% although that's skewed due to the write-offs I mentioned earlier. Still, AT&T has a historically higher payout ratio than Verizon so that's worth keeping in mind. Lets also take a look at share buybacks since they are another way of returning money to shareholders. Verizon and T-Mobile have not bought back any shares in the last 3 years, but AT&T has actually reduced their number of outstanding shares by 2.5% since 2018. + +# Valuation + +Okay, we've covered the dividend so lets value the companies. Are they cheap right now? Looking at their current PE, we can see that Verizon is the cheapest with 9.5, followed by T-Mobile with 39.8 and AT&T with 168.2. Obviously, the current PE can be misleading, but if we take a look at their forward PE, we see that AT&T is the cheapest with only 7.3, followed by Verizon with 9.6 and T-Mobile with 32. In terms of the Price-to-earnings-growth ratio, T-Mobile is the cheapest with a 1.11, followed by Verizon with 2.9 and AT&T with 9.6. Finally, AT&T is the cheapest in terms of book value with a PB ratio of 1.04, T-Mobile follows with 2.07 and Verizon with 2.93. + +# Conclusion + +How can we interpret all of this? Well, AT&T seems to be the cheapest out of the three stocks right now, followed by Verizon. T-Mobile is massively overvalued right now, most likely by investors betting on T-Mobile dominating the 5G market. I honestly cannot see the bullish case for T-Mobile though. Even if they completely dominate the 5G market, they still have such low margins, negative free cash flow and a lot of costs related to capital expenditure. I just don't see them justifying this high price any time soon, definitely not in the next 2 or 3 years. Despite being cheap, AT&T is also a no-go in my books. Why? Their main selling point is their dividend. AT&T will be cutting this in half while also selling their high margin Warner Media subsidiary. Essentially, there is no point to hold them for the dividend and they will also lag behind in revenue and profits so there is no value play there either. It just seems like their best days are behind them. They currently trade for $22.2 which is half of their all-time high back in July 1999. 22 years ago! They have not been able to come close to that price and, in my opinion, they will not do that in the next 5 years. Definitely not worth the investment. You can just stick your money in an index fund and you will get much better returns without having to do more than 5 minutes of research. Plus, AT&T's price is likely to drop further once the Warner Media sale is closed and their dividend drops. The only good purchase here is Verizon. They have a solid dividend, decent margins, they can provide stability during volatile markets. However, they are not expected to grow much. No growth typically equals no jump in price. We can value their free cash flow as much as we want, but if investors don't buy the stock, the price will lag behind the S&P. Still, I think there is a case for Verizon if we see continued inflation or an increase in interest rates. As I said, Verizon's dividend is also solid, which is great for income portfolios or for balancing out your risk. However, if you are looking for price appreciation, a simple US index fund like SPY or VGT will probably outperform Verizon. There are some companies that can offer you a better return so check out my stock picks here if you are interested. Let me know what you think about Verizon, AT&T and T-Mobile down below. + +P.S. This is one of the occasions where you spend a weekend researching companies only to come to the conclusion that S&P500 probably offers better returns! I hope you find this useful though :) + +*Video Summary:* [*https://youtube.com/watch?v=qWw418Ihc64&feature=share*](https://youtube.com/watch?v=qWw418Ihc64&feature=share) +So Last month I started saving 7€/day and invest it in BTC. I'm a proud part of this now. +I now see my life expectancy AND my savings increase. +Worst case scenario I lose the money, but I stay healthy. + +in both case, I guess my children will appreciate. +Looking at papers about the effect of corporate taxes, there seems to be a vigorous debate about what share is paid by labour and what share is paid by shareholders. But I can't find any mention of what share might be paid by consumers. Is there consensus among economists that corporate taxes don't raise prices? Why don't they? +What's the economic effect of legal vs illegal immigration? + +I recently read that 62 percent of voters nationwide believe that legal immigration is good for U.S. but illegal immigration is bad. +Hi. I'm an incoming college freshman in fall 2019 planning to major in economics in a possibly non-target state school. I'm interested in possibly going towards Wall Street or anywhere in between for a future career and I realize how expansive the jobs are with an economics major and having the right skills such as programming or certain math courses can help me find a job. I also realize the power of networking that can be had on for a future career and how crucial it really is. I realize it's going to take more hustling because I won't be attending an Ivy League. I also realize that there are many other industries that need jobs from economics majors. + +Does anyone have any suggestions towards what I should possibly do during the next few months? I'm interested in seeking an internship or something related that could help differentiate me amongst others on my resume and possibly find a direction for where I want to go into for possible careers. I'm open to suggestions or such and I realize that there are many different paths I could go down so I would appreciate any advice. I'm trying to find some direction. Thank you! +Hi AusFinance... + +It's a lazy Saturday, currently reading through some books about Finances, while doing so in the process this statement just popped into my eyes. + +“If you’re not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s total annual realized income.” ― **Thomas J. Stanley,** **The Millionaire Next Door: The Surprising Secrets of America's Wealthy** + +I just ludicrously laughed... + +My current income is only $40Kp.a gross. In order for me to purchase a $500K home I will need to fork out $420K on a deposit and a $80K mortgage. + +or if your a couple you need $320K deposit and $160K mortgage based if you earn't min 2 x $40Kp.a gross. + +So in theory if your wanting to purchase a $1M house you will need a min $600K deposit.... + +What are your thoughts ? + +https://preview.redd.it/jdlaloa9mrm71.png?width=970&format=png&auto=webp&s=9f87f508e079ede8babd9404ca572cf4694df025 +Anyone else do regular monthly SPX Put credit spreads or call credit spreads for extra income? I’ve tried tons of strategies since I’ve learned options about 2 years ago, but this one has been my bread and butter. I usually sell in the .10-.15 delta range with 10 points between each spread. I almost always close at 50% or less. I’ve had a few losses, but even in this crazy market it has worked for me. Anyone else have a “bread and butter” strategy they employ with the most success? +(Mods, feel free to delete if you don't allow meta posts like this.) + +I recently posted a question about big vs. small houses. + +I almost chose the "verified members only" because I wanted to hear not from regular people happy with their regular homes, but the rationale of rich people who could afford any sized home. + +I didn't, because A) it feels a tad douchey even if it has a good purpose, and B) I was worried about getting only a handful of replies. + +Still ... the secret sauce of this community is that we can get wealth lifestyle and business advice from hundreds of verifiably wealthy people. That's pretty awesome. + +Should we be using that tag more frequently? +What do most of you do with your profits?? + +I usually reinvest back into my trading account 40% of my profits. I have a separate checking account just for forex and I set small goals of things I want to pay/buy. + +I feel that the small goals help, I started few years back with paying my light bill. It helps motivate me :) + +- I have a FT job that I love, so I trade with no pressure as forex money is just extra. +**TL;DR:** Issuing a dividend will hurt short sellers to the extent that they’ve sold naked shorts. A one-becomes-two stock split will hurt short sellers to the extent that they’ve artificially lowered the price. The idiots shorting GME have sold a lot of naked shorts and artificially lowered the price a lot too, so it will hurt a lot^(2). + +**Please note:** I have made substantial edits to correct errors on my part. Thank you to the commenters who have corrected me ❤ + +A few hours ago I posted [a thread explaining that GME can now issue a dividend if they want to](https://www.reddit.com/r/Superstonk/comments/mqh3ep/gamestop_can_now_pay_dividends_they_do_not_need/?utm_source=share&utm_medium=web2x&context=3). In the comments multiple people asked what impact this would have on the short sellers. I decided to write another post explaining this. I have linked to two pages on investopedia that explain the same points I am explaining here, all I have done is apply these points to the unique situation we are in with GameStop. Investopedia explains that dividends and share splits don't usually hurt short sellers but the reasons they aren't usually painful for short sellers don't apply in the case of GME. + +In short, a dividend only fucks short sellers if they have sold naked shorts. A stock split only fucks short sellers if they have artificially lowered the price of the share they’ve sold short. Usually, dividends and share splits are fine for short sellers. In our case, there are a huge number of naked shorts and the price has been artificially lowered by a lot. So, in this case a dividend and/or share split will absolutely fuck over anyone short. If you’d like a longer explanation, please read further. + +**Dividend** + +[If someone has sold a shorted share, they have to pay the dividend to the person they borrowed the shorted share from.](https://www.investopedia.com/ask/answers/042215/if-investor-short-dividendpaying-stock-record-date-are-they-entitled-dividend.asp) However, if you have borrowed less shares than you have sold short, well now you’re paying the dividends for those naked shorts too. Which is fine, because no one would sell shares they haven’t borrowed... but let’s say somefuck-wit had got themselves into such a situation, how would that play out? + +So, if Citadel has done something absolutely retarded like borrow 50 million shares *but sell 500 million*, well now it’s got a problem! GameStop is paying 50 million dividends *but 500 million dividends need to be paid and Citadel has to pay the 450 million extra dividends!* So, for every dollar GameStop spends on a dividend they force the shorters to spend and dollar for every naked share they have sold. ([link](https://www.reddit.com/r/Superstonk/comments/mqn97y/an_explanation_of_why_a_dividend_andor_share/guhj1d6?utm_medium=android_app&utm_source=share&context=3) to a further explanation in the comments that may be helpful) + +**If this happens alongside lenders recalling their shares:** + +Unfortunately, for Citadel, it gets worse. The people who lent Citadel the 50 million shares may also want to recall their shares if a vote is happening. So, they will recall the shares they let Citadel borrow. Now Citadel has to return the 50 million shares it borrowed. So, there are 500 million shares owed dividends, Citadel has to pay for 450 million of these dividends, and has to return the 50 million shares it borrowed.* + +This is already a big enough mess to launch our rocket, but it actually gets *even worse again*. It’s not just the 50 million shares loaned to Citadel that are being recalled. Throughout this process people have loaned shares to Citadel *that were already borrowed shares previously sold by Citadel!* These people didn’t know they were loaning shares that had already been borrowed, they just thought they were normal shares. So, they recall their shares to vote too. Oh dear, now Citadel is on the hook for all of these dividends *and even more shares*. All at the same time, just because Cohen issued a dividend and shareholders want to vote. + +*(Edit: I made an error here and altered the post accordingly. To clarify, Citadel cannot end up paying more than 450 million dividends in this scenario, [link](https://www.reddit.com/r/Superstonk/comments/mqn97y/an_explanation_of_why_a_dividend_andor_share/guh8num?utm_medium=android_app&utm_source=share&context=3). I think this also means the recall pressure from a dividend is not how I have described it. In this scenario we would want something like an important shareholders meeting to apply this pressure instead. Thank you u/pmmeyourrig for the help!) + + +**Share Split** + +[If someone has sold a shorted share and there is a 2 for 1 stock split (1 share becomes 2), they now have to return twice as many shares.](https://www.investopedia.com/ask/answers/what-stock-split-why-do-stocks-split/) Usually, this is fine because the shares halve in value when they are split and each share becomes two shares. There would only be a problem if the shares didn’t drop in price when they doubled in quantity. Which is fine, because no one would short shares that people won’t sell… but let’s say the same fuck-wit from earlier had shorted shares that no one will sell, what happens? + +Ok, back to our example - yeah, it’s getting even worse for Citadel. Because, if they have sold 500 million shares short and there is a two for one split, *they now owe 1000 million shares.* Before the split, there were 50 million real shares and 500 million shorted shares. This means that to close their short position they need to buy 450 million shares back - *they need to keep buying shares until only the correct number of them exist*. The problem is that the correct number of shares has doubled *but so has the number of shorted shares*. So, after the two for one split there are supposed to be 100 million shares (double the 50 million) but there are 1000 million. The number of shares Citadel needs to buy to close their position has gone from 450 million to 900 million. + +Remember that this isn’t supposed to be a problem. Sure, the number of shares Citadel owes has doubled but the price has halved! Except, the price only halves if people are willing to sell their shares for half the market price. Usually, this is the case because they have twice as many shares, so they’ll sell each share for half as much. Unfortunately, people aren't likely to sell their shares to Citadel for half the market price, because the market price is wrong. So, because Citadel has artificially lowered the price, the stock split has doubled the number of shares Citadel owes but not reduced the price it can buy each share for. If the share holders are unwilling to sell to Citadel, their debt has just doubled. + +**Implications:** So, a dividend fucks a short seller if they have sold naked shorts. A share split fucks a short seller if no one will sell them their shares at half the pre-split market price. Unfortunately, for anyone short selling GME, there are a massive amount of naked shorts and no one is selling for the market price (let alone half of it). + +Notice that these tools aren’t going to kill short sellers in normal circumstances. They only hurt short sellers that are naked shorting shares for an artificially low price. Actually, it’s worse than that. ***A dividend and a stock split will hurt short sellers*** ***to the degree they have sold naked and at an artificially low price.*** Well, it fucking sucks to be short GME then! The amount of pain caused by a dividend and stock split is proportional to the amount of illegal fuckery they've been doing. They’ve sold a fuck ton naked and lowered the price way below the price people are likely to sell for: so, f***or these reasons, a dividend and share split will absolutely obliterate the short sellers.*** + +If I were Cohen and I wanted to launch the rocket, I would declare a dividend and a one-becomes-two stock split. **Note, see [this](https://www.reddit.com/r/Superstonk/comments/mqn97y/an_explanation_of_why_a_dividend_andor_share/guhehkk?utm_medium=android_app&utm_source=share&context=3) comment for an explanation of why it is unlikely a dividend and/or share split will be used as a squeeze catalyst alongside the record date for the shareholders meeting. Thank you for the apes in the comments who have helped me edit this post and fix my errors. Sorry to those who read my post before the corrections and were mislead.** + +&#x200B; + +(Everything I have said here is based on the two links I have provided. While I did other background reading to develop my understanding, the two sources linked explain everything necessary if you want to read further. This is not financial advice and I am not qualified to give financial advice. If I have made an error please point it out in the comments and I will correct it.) +Hey guys, + +I was diagnosed terminal a few weeks again. I’ve been battling stage 4 testicular cancer for about a year and half now. Unfortunately the cancer has went to my brain and numerous tumors keep growing. I started high dose chemo but to do stop. + +Anyway, I only have about $8,000 in my 401k and I’m thinking about withdrawing the money. I’m not exactly sure how to go about it, it I even can, and what the taxes might be. It’s through Fidelity. + +Could use some advice. I’m only 25 and opened this 401k for about a year into my employment (I’ve been working for about 3 years now right out of college but I’m still learning these things). + +Had it was more money, I’d probably keep it closed and let it go to my beneficiaries but I could the money right now for myself. + +Thanks +Alex + +Update: Thank you ALL for your well wishes. I didn’t expect it. 💜🤛🏼 +* **Company**: [European Metals](https://www.europeanmet.com/) +* **Industry**: Lithium/Tin Resource +* **Location**: Czech Republic, on the border of Germany +* **Flagship Product**: [Cinovec Lithium/Tin Project](https://www.europeanmet.com/cinovec-lithium-tin-project/) +* **Areas of Focus**: Lithium/Tin Mining +* **Ticker**: $ERPNF (Nasdaq International), $EMHLF (OTC), $EMH (LSE/ASX) +* **Share Price**: $0.92 ($ERPNF), +* **Market Capitalization**: $147.27 Million +* **NPV**: $1.1 Billion +* **Float**: 113.36M +* **% Held by institutions**: 14.3% +* **% Held by insiders**: 25.22% +* **Average Volume (3 month)**: 33.15k ($ERPNF) +* **Investor Presentation**: [Link](https://www.europeanmet.com/wp-content/uploads/2020/07/European-Metals-Presentation-June-2020-updated.pdf) +* **Financial Reports**: [Link](https://www.europeanmet.com/shareholdercentre-reports) +* **Research Reports**: [Link](https://www.europeanmet.com/technical-reports/) + +————— + +**LONG TERM AND SHORT TERM TRADE SUMMARY** + +* **Long Term Speculation**: As the largest hard rock lithium resource in Europe, European Metals is poised to become a leading lithium resource. Europe is the second largest EV market in the world, and recently [superseded China](https://www.spglobal.com/platts/en/market-insights/latest-news/coal/012021-europe-overtakes-china-in-ev-sales-growth-in-2020#:~:text=London%20%E2%80%94%20Europe%20superseded%20China%20as,from%20EV%2Dvolumes.com.) as the +global driver of electric car sales in 2020. The demand for lithium is a major bottle neck for battery manufacturers, and the demand is [expected to double](https://www.miningglobal.com/supply-chain-and-operations/global-lithium-demand-double-2024-driven-evs) by 2024. Based on this information, and that which follows, European Metals is a compelling long term speculation with the +potential for significant returns. For these reasons, I am holding my main equity position for the foreseeable future. + + +* **Short Term Trade**: European Metals is expected to announce an off-take agreement during Q1 of 2021. The EV and lithium industries are among the most popular +investment and trading assets on the market. Lithium resource companies that are similar to European Metals, such as [$PLL](https://finance.yahoo.com/quote/PLL?p=PLL&amp;.tsrc=fin-srch) and [$LAC](https://finance.yahoo.com/quote/LAC?p=LAC&amp;.tsrc=fin-srch), have demonstrated significant price movement (280%-450%) after announcing off-take agreements or significant milestones. +As a result, it is expected that European Metals will experience a similar affect after it announces the first of many off-take agreements. For these reasons, I am temporarily increasing my position by a significant margin, with the plan to unload this portion of equity after a sharp increase in price and volume, following any major announcements. + +————— + + +**CRITICAL HIGHLIGHTS** + +* **1.** European Metals operates the Cinovec Lithium Project, the largest lithium resource in Europe. +* **2.** Estimated project life of 20+ years, with a minimum of 25,267 t/a lithium hydroxide or 22,500 t/a lithium carbonate annual production. +* **3.** European Metals is partnered with, and funded by, [CEZ](https://www.cez.cz/en/home), a multibillion dollar, state-owned energy company. +* **4.** On January 4th, 2021, European Metals [hired Lincoln Bloomfield](https://www.morningstar.co.uk/uk/news/AN_1609760767084480500/european-metals-hires-lincoln-bloomfield-as-non-executive-director.aspx) as a non-executive director. Bloomfield is an American diplomat, former national security advisor, and a world renowned expert on foreign affairs. +* **5.** The Cinovec Lithium Project includes significant by-products, including tungsten, rubidium, scandium, niobium, tantalum, and potash. +* **6.** European Metals is supported by EIT InnoEnergy SE, the principal facilitator of the [European Battery Alliance](https://www.eba250.com/), a strategic clean energy initiative launched by the [European Commission](https://ec.europa.eu/info/index_en). +* **7.** As the most strategically located lithium resource on the planet, the Cinovec Lithium Project is surrounded by many of the world’s leading EV and chemical manufacturers, including [Tesla](https://www.tesla.com/gigafactory-berlin), +[Volkswagen](https://www.volkswagen-newsroom.com/en/zwickau-3755), [Mercedes](https://media.daimler.com/marsMediaSite/en/instance/ko/Kamenz-Germany.xhtml?oid=43974713), +[Porsche](https://newsroom.porsche.com/en/company/porsche-taycan-zuffenhausen-zero-impact-factory-of-the-future-production-4-0-electric-mobility-18490.html), [LG Corp](https://www.lgcorp.com/media/release/8357), [Samsung](https://samsungsdibs.at/locations), [BASF](https://www.basf.com/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen.html), [Microvast](https://www.electrive.com/2019/11/20/battery-manufacturer-microvast-follows-tesla-to-brandenburg/), [Northvolt](https://northvolt.com/stories/NorthvoltZwei-insights), and [CATL](https://www.prnewswire.com/news-releases/catl-starts-construction-of-its-first-overseas-factory-in-germany-300941142.html). +* **8.** Europe is the second largest EV market in the world, and is expected to overtake China [this year](https://www.bloomberg.com/news/articles/2020-11-18/europe-s-mix-of-shoves-and-sweeteners-hastens-electric-car-shift). +* **9.** European Metals expects to announce an off-take agreement during Q1 of 2021. +* **10.** When emerging lithium resource companies announce off-take agreements or major milestones, they experience significant price action. + [Piedmont Lithium](https://www.piedmontlithium.com/) ($PLL) surged 450% after announcing [their agreement with Tesla](https://markets.businessinsider.com/news/stocks/tesla-stock-price-piedmont-lithium-deal-sales-agreement-spurs-surge-2020-9-1029628025). + [Lithium Americas](https://www.lithiumamericas.com/) surged 280% after [announcing advancements](https://www.globenewswire.com/news-release/2021/01/15/2159649/0/en/Lithium-Americas-Receives-Record-of-Decision-for-Thacker-Pass.html) at the Thacker Pass Project in Nevada. + [Core Lithium](https://corelithium.com.au/) surged 390% after their off-take partner, Sichuan Yahua, announced a [supply deal with Tesla](https://corelithium.com.au/news-feed/2021/1/4/cores-share-price-soars-on-yahua-tesla-deal). +* **11.** The [European Raw Material Alliance](https://erma.eu/) (ERMA) has stated [its ambition](https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_20_1775) is to have 80% +lithium supply sourced locally, and it expects Europe’s need for lithium to increase by 60x by 2050. +* **12.** Rock Tech Lithium plans to [build a lithium refinery in Germany](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/rock-tech-eyes-400m-financing-to-build-german-lithium-refinery-8211-bloomberg-62069593), north of the Cinovac Lithium Resource, and it has attracted investing support from notable billionaires, +including Peter Thiel. + +————— + +**COMPANY OVERVIEW** + +European Metals is an Australian, UK, and American (OTC/Nasdaq International) listed mineral exploration and development company. Their primary resource is the +Cinovec Lithium/Tin Project, Europe’s largest hardrock lithium resource. It’s located in the Czech Republic, approximately 100 km northwest of Prague, on the border of Germany, and central +to several of the worlds leading EV and chemical manufacturers, including BMW, Mercedes, Tesla, Volkswagen, BASF, Microvast, Northvolt, and BMZ Group. + +————— + +**MANAGEMENT / LEADERSHIP / DIRECTORS** + +To support a world class resource, European Metals is building a world class management team. + +European Metals is lead by Executive Chairman, Keith Coughlan, a thirty year funds management veteran. In addition to his work at European Metals, +Mr. Coughlan has held director positions at oil, gas, and mineral exploration companies, such as [Calidus Resources](https://www.calidus.com.au/about/directors-management/), [Southern Hemisphere Mining](https://www.shmining.com.au/), and [Doriemus PLC](https://www.doriemus.co.uk/board-of-directors/). + +The Executive Director, Richard Pavlik, is the former Chief Project Manager and Advisor to the Chief Executive Officer at [OKD](https://www.okd.cz/en), +a major coal producer in the Czech Republic. In addition, Mr. Pavlik served as a Project Analyst at Normandy Capital, and as Chief Engineer and +Head of Surveying and Geology at [New World Resources](https://newworldres.com/)He holds a Master’s Degree in Mining Engineering, and has over twenty five years of industry +experience in the Czech Republic. + +Metallurgical and geological departments are lead by consultants Grant Harman, and Dr. Pavel Reichl, both of whom have significant experience +working with lithium and mineral exploration companies, including Talison Lithium, UGL, SNC Lavalin, CleanTeq, Ausenco, and Newmont, the world’s +largest gold mining company. + +One of two recent and significant additions to European Metals include [Lincoln Bloomfield](https://www.stimson.org/ppl/lincoln-p-bloomfield-jr/), +who was appointed as a non-executive director. Mr. Bloomfield is an American diplomat, who has held policy positions in five previous administrations, including +Assistant Secretary of State for Political Military Affairs, Special Representative of the President, Deputy +Assistant Secretary of State for Near Eastern Affairs, and Deputy Assistant to the Vice President for National +Security Affairs. He is a cum laude graduate of Harvard College, and a vital asset to European Metals. + +The second recent and significant addition to European Metals is Rodney Hooper, a veteran lithium consultant, who previously helped Piedmont secure their off-take agreement +with Tesla. Rodney regularly publishes information on key lithium battery issues [here](https://www.rkequity.com/). + +————— + +**WHAT IS THE CINOVEC LITHIUM RESOURCE?** + +The project is located in the Krusne Hory Mountains, which stretch across the border between Czech Republic and the Saxony State of Germany. +With a history of successful mineral discoveries, this mining region dates back to the 1300s. By 2017, European Metals had completed 26 diamond holes, +for a total of 9,477 meters drilled, which validated existing drilling estimates, and added new lithium grade data. + +The **Pre-Feasibility Study** (PFS) was published on June 17th, 2019, and can be found [here](https://www.europeanmet.com/wp-content/uploads/2019/06/20190617-AIM-EMH-PFS-Update.pdf). + +The Cinovec Project hosts a JORC 2012-compliant global Resource of 695.9 Mt. For additional details, please +see page two of the [pre-feasibility study](https://www.europeanmet.com/wp-content/uploads/2019/06/20190617-AIM-EMH-PFS-Update.pdf). The PFS indicates +a mine life of 21 years, processing 1.68 Mtpa (Million Tonnes Per Annum) of ore, producing 25,267 tpa of battery grade lithium +hydroxide. + +————— + +**WHAT INTERESTING PARTNERSHIPS DOES EUROPEAN METALS HAVE?** + +European Metals is partnered with, and supported by, several major energy companies, state entities, valuation institutes, and green energy funds. + +1. [CEZ](https://www.proactiveinvestors.co.uk/companies/news/908547/european-metals-inks-deal-with-cez-for-51-of-cinovec-908547.html), a multi-billion dollar, state-owned, leader in power generation and distribution. +2. [Thematica Future Mobility](https://www.morningstar.co.uk/uk/news/AN_1612345783927743600/european-metals-pleased-with-aud71-million-raise-to-further-cinovec.aspx), +a multi-national, green energy fund, which offers investment exposure to innovative sustainability companies, such as Lithium Americas Corp, Neo Lithium Corp, +and HydrogenPro AS. +3. [DGWA](https://dgwa.org/company-2/), is the German Institute for Asset and Equity Allocation and Valuation, and serves as an investor and corporate relations advisor in Europe. +4. [EIT InnoEnergy SE](https://www.proactiveinvestors.com/companies/news/925210/european-metals-announces-tie-in-with-eit-innoenergy-925210.html), +is the principal facilitator and organizer of the [European Battery Alliance](https://www.eba250.com/), an organization launched by the European +Commission in October of 2017. This project-driven organization is responsible for building a strong and competitive European battery industry. + +————— + +**WHAT DO THEIR FINANCIALS LOOK LIKE?** + +For a list of financial and shareholder related reports, please use [this link](https://www.europeanmet.com/shareholdercentre-reports). + +For access to European Metal’s most recent annual report, please use [this link](https://www.europeanmet.com/wp-content/uploads/2020/09/20200930-AIM-AR-30-June-2020.pdf) + +European Metals is fully funded to decision to construct, and as of June 30th of 2020, they reported a total equity balance of $18,069,503, compared against the 2019 total equity balance +of $12,459,065. They estimate a total capital cost of $482 million to reach completion, with an estimated financing ratio of 70:30 debt to equity, and a 28.8% IRR. + +————— + +**WHAT CATALYSTS OR MILESTONES CAN WE EXPECT IN 2021?** + +* 1. An offtake agreement is expected in Q1 of 2021. Potential partners include Tesla, VW, BMW, Mercedes, Porsche, BASF, Microvast, Samsung, and Northvolt. +* 2. A Nasdaq listing is expected in 2021. +* 3. Listing with the Prague Stock Exchange is expected in 2021. +* 4. A [comprehensive feasibility study](https://www.europeanmet.com/wp-content/uploads/2020/10/20201030-AIM-Quarterly-Reports.pdf) is expected in Q4 of 2021. + +————— + +**THE SECRET WEAPONS: TIN &amp; TUNGSTEN** + +In the world of electric vehicles, mobile phones, and clean energy revolutions, tin is the under-appreciated +metal. This silvery element is a common component of soldering, tin plating, and specialized alloys. During 2020, +the [ITA estimated a supply-demand deficit](https://www.reuters.com/article/us-metals-tin-ahome/column-bigger-things-predicted-for-tiny-tin-market-idUKKBN28K1TN) of approximately 5,200 tonnes of tin, +and in 2021, they are forcasting a deficit of 2,700 tonnes. These deficits are expected to +continue, as the usage of tin begins tracking linerally with the usage electronic goods. + +Tungsten carbide is a common substance used in cutting tools, and an emerging substance used in aerospace and defense. +“According to [Gen Consulting Company](https://ksusentinel.com/2021/02/05/tungsten-carbide-market-share-size-demand-regions-and-opportunity-report-2021-2026/), global tungsten carbide market is projected to grow at a CAGR of 5.1% during the forecast period 2020-2026." + +In addition to rich lithium deposits, European Metals reports their Cinovec project +to contain 262,600 tonnes of tin as well as 91,910 tonnes of tungsten. + +————— + +**TL:DR;** An an effort to improve the format, and summarize key points, I’ve created a section for critical highlights. This section +replaces the TL:DR section, and can be found at the beginning of this summary report. If you prefer this information in paragraph +form instead, please let me know. + +————— + +**Disclaimer** + +This content is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. Investing comes with inherent risks, and all parties should conduct their own due diligence. + “When two people each own over 50% of [a company] it’s going to be interesting…” (i.e., when two groups, one being the DRS’d folks and the second being all other folks (e.g., institutional investors, brokerages, etc.), together are publicly known to own more than 100% of a stock, things will get interesting) +-Warren Buffet +https://youtu.be/GVtaKKn43M8?t=385 + +Don’t forget, there’s also an options market where rights to buy have been purchased. Which means that AFTER every single share has been DRS’d, all the longs will have to do is to start buying call options & the shorts will be unable to deliver on those contracts. And the whole internet will know this! + +Recall that in Jan 2021, SHF lost control of the stock’s price on public news that short interest (SI) exceeded the float. Well, when (iA) the entire float has been DRS’d, the SI will again exceed the float - except this time the float will be 0. What do you imagine the FOMO of folks to be when they realize that every share that they purchase with probability 1 has to eventually be bought back from them? Will it be MADNESS? 💎🤲🚀 + + Not financial advice. +Hi, + +I'm wondering about what the best book on MMT is for someone with the description in the post title. I got The Deficit Myth by Stephanie Kelton, though I wonder if that will be the best book for someone in my position. Apparently it was a nyt bestseller, which makes me question if it'll address certain questions I have. For instance, if MMT is viable, what does that say about the relevance of the IS-LM model compared to the IS-PC-MR model? Not sure a nyt bestseller would address such things. +Would like to say thanks for all the great advice on my first post, here is my beginning portfolio plan: + +O - 20% +KO - 15% +JNJ - 15% +MMM - 15% +EPD - 7% +INTC - 7% +IUKP - 7% +IUKD - 7% +LLOY - 7% + + +Just looking for any major red flags to be avoided or anything people would change. Also want to make sure IUKD and IUKP pay a dividend - index things still confuse me lol. + +Thanks in advance +The 100th Monkey Effect is the spontaneous transference of knowledge throughout a species once a certain number of individuals has learned a new idea or action. It bypasses physical barriers. A mind-to-mind jump. A leap in consciousness. + +“In 1952, on the island of Koshima, scientists were providing monkeys with sweet potatoes 🥔dropped in the sand🏝. The monkeys liked the taste of the raw sweet potatoes🤤, but they found the dirt unpleasant🤢. An 18-month-old female named Imo found she could solve the problem by washing the potatoes in a nearby stream🧠🌊🥔🤤. She taught this trick to her mother. Her playmates also learned this new way and they taught their mothers too. This cultural innovation was gradually picked up by various monkeys before the eyes of the scientists. + +“Between 1952 and 1958 all the young monkeys learned to wash the sandy sweet potatoes to make them more palatable. 🧠🐒🐒🐒🐒🤤🌊🥔Only the adults who imitated their children learned this social improvement. Other adults kept eating the dirty sweet potatoes. (boomers) Then something startling took place. In the autumn of 1958, a certain number of Koshima monkeys were washing sweet potatoes — the exact number is not known. + +“Let us suppose that when the sun rose one morning there were 99 monkeys on Koshima Island who had learned to wash their sweet potatoes. Let’s further suppose that later that morning, the hundredth monkey learned to wash potatoes. Then it happened! 🤯By that evening almost everyone in the tribe was washing sweet potatoes before eating them.🐒🌊🥔🐒🌊🥔🐒🌊🥔🐒🌊🥔 +